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Given By
SUPERINTENDENT OF DOCUMENTS
STATISTICS OF INCOME
FOR 1931
COMPILED FROM INCOME-TAX RETURNS
AND INCLUDING STATISTICS FROM
ESTATE-TAX RETURNS
UNITED STATES TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE - WASHINGTON. D.C.
^^1'
U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1931
COMPILED FROM INCOME-TAX RETURNS
AND INCLUDING STATISTICS FROM
ESTATE-TAX RETURNS
PREPARED UNDER DIRECTION OF THE
COMMISSIONER OF INTERNAL REVENUE
BY THE
STATISTICAL SECTION. INCOME TAX UNIT
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1933
"or sale by the Superintendent of Documents. Washington. D.C. ....... ^ . . . . , Price 15 <
v^- <: V
W' S. ^UPBRiNTFNnrNT OF DOCUf^ENTS
viAiN 3 9 1934
CONTENTS
OflBcial transmittal 1
General explanations 1-4
Returns tabulated 1-2
General definitions 2-4
Industrial classification 4
Geographic distribution 4
income-tax returns
Individual income-tax returns:
Number of returns, net income and tax 4-5
Simple and cumulative distribution, by net income classes, of num-
ber of returns, net income, and tax 5-6
Classification by sex and family relationship 6
Net income exempt from normal tax 6-7
Capital net gains and losses 7-8
Net loss for prior year, 1922 to 1931 8
Credit of 25 percent of tax on earned net income, 1924 to 1931 8-9
Sources of income and deductions. 9-12
Amounts and percentages 9
By net income classes 10-11
Percentage distribution by net income classes 11-12
Frequency distribution by size of specific items of income and de-
ductions, returns of net income of $5,000 and over 12-14
Net profit from business, returns of net income of $5,000 and over,
by major industrial groups 15
Taxes paid other than Federal income tax and interest paid, returns
of net income of $5,000 and over 16-17
Wholly and partially tax-exempt obligations, returns of net income
of $5,000 and over, by net income classes 17-18
Returns on form 1040 with no net income 18-19
By deficit classes 19
Sources of income and deductions 19
Number of returns by counties, cities, and townships ^ 19
Partnership returns op income 20
Corporation income-tax returns:
Number of returns, net income or deficit, and tax 20
By major industrial groups 20-23
By net income and deficit classes 24
Net loss for prior year, 1922 to 1931 25
Amount of net income exempt from and subject to tax 25
Income and profits taxes paid to foreign countries or possessions of
the United States 26
Dividends paid, 1922 to 1931 26
Compiled receipts and statutory deductions 27-28
Corporations submitting and not submitting balance sheets 28
Assets and liabilities 28-32
Corporations submitting balance sheets, returns with net in-
come and no net income 30
Number of corporation returns filed and number of balance
sheets tabulated by net income and deficit classes 30
Assets and liabilities and compiled receipts and statutory deduc-
tions by total assets classes 31-32
Returns showing net income and no net income 32
m
rV CONTENTS
Corporation income-tax returns — Continued. Page
Revised items in assets and liabilities, Statistics of Income, 1927 32
Revised items in receipts and deductions, Statistics of Income, 1930_ 32-33
Revised number of consolidated returns. Statistics of Income, 1930, _ 33
Consolidated returns 33-35
By major industrial groups 34
By net income and deficit classes 35
By number of subsidiaries 35
Fiscal year returns 35-36
By month ending the fiscal year 36
By net income and deficit classes 36
Part-year returns 36-37
Historical summaries:
Individual income-tax returns :
Number of returns, net income, tax before tax credits, tax
credits, and tax, 1913 to 1931 37-38
Number, by net income classes, 1914 to 1931 38-39
Net income, by net income classes, 1916 to 1931 39-40
Tax, by net income classes, 1916 to 1931 40-41
Average rate of tax on net income, by net income classes, 1916
to 1931 41
Sources of income and deductions, 1916 to 1931 42-45
All returns 42-43
Returns of net income of $5,000 and over 43-45
Corporation income tax returns:
Total number, number and percent with net income and no net
income, gross income, net income, deficit, and tax, 1909 to 1931- 46
Number of returns, net income and deficit, by net income and
deficit classes, 1928 to 1931 47
Returns submitting balance sheets, showing number of balance
sheets and major items of assets and habilities, 1926 to 1931__ 48
estate-tax returns
Estate-tax returns:
General explanations 49
Table 1. Resident decedents. Gross estate, deductions, net estate,
and tax, by net estate classes 50-53
Table 2. Resident decedents. By States and Territories 54-55
Table 3. Resident and nonresident decedents. Historical summary,
1916 to 1932 56
basic tables aNCOME-TAX RETURNS)
Individual income-tax returns (1-11):
United States in aggregate (1-8, 8a, 10, 11):
1. By States and Territories 59
2. By net income classes 60-61
3. Simple and cumulative distribution, by net income classes. _ 62-64
4. Sex and family relationship, by States and Territories 65-66
5. Sex and family relationship, by net income classes -__ 67-68
6. Sources of income and deductions, by States and Territories. 69-70
7. Sources of income and deductions, by net income classes 71-72
8. Taxes paid other than Federal income tax and interest paid,
by States and Territories, returns of net income of $5,000
and over .-- '^
8A. Taxes paid other than Federal income tax and interest paid,
by net income classes, returns of net income of $5,000 and
74
over - '*
10. Returns on form 1040 with no net income, number and
deficit, by States and Territories 125
11. Returns on form 1040 with no net income, sources of income
and deductions, by deficit classes 125
States and Territories separately (9) : -r-c io^
9. By net income classes with historical summary, 19^1 to lydU. /D-ii^i
CONTENTS V
Corporation income-tax returns (12-19):
United States in aggregate (12-18): Page
12. By States and Territories 128-129
13. Compiled receipts and statutory deductions, by major indus-
trial groups:
All returns 130-133
Returns showing net income 134-137
Returns showing no net income 138-141
14. By major industrial groups and subgroups 142-147
15. Returns submitting balance sheets, showing assets and lia-
bilities, and compiled receipts and statutory deductions, by
major industrial groups, and by returns with net income
and no net income 148-153
16. Returns submitting balance sheets, showing assets and
liabilities and compiled receipts and statutory deductions,
by total assets classes:
AH returns submitting balance sheets 154-155
Returns showing net income 156-157
Returns showing no net income 158-159
17. Returns submitting balance sheets by major industrial
groups and by total assets classes, showing selected items of
assets and liabilities and selected items of receipts 160-177
18. By major industrial groups for returns with net income and
no net income, 1922 to 1931 178-182
States and Territories separately (19):
19. Historical summary, 1922 to 1931 183-193
revenue acts of 1909 to 1932— synopsis of income- and prof-
its-tax rates estate-tax rates. credits, and exemp-
tions affecting the comparabiuty of data in "statistics
of income"
Individual:
Required to file returns, personal exemption, credit for dependents,
and normal tax rates 198-199
Surtax rates 200-201
Supplemental income-tax rates and tax credits 202-203
Corporation:
Income- and profits-tax rates, exemptions, and credits 204-207
Estate tax:
Rates, specific exemptions, and credits against estate tax 208-209
Income-tax forms:
Facsimiles of forms 1040, 1040 A, 1120, and 1120L for 1931 211-227
Index 229
STATISTICS OF INCOME FOR 1931
Treasury Department,
Office of Commissioner of Internal Revenue,
Washington, D.C., October 18, 1933,
Sir: In accordance with the provisions contained in the Revenue
Act of 1916 and subsequent Acts for the publication annually of sta-
tistics with respect to the operation of the income, war-profits, and
excess-profits tax laws, I have the honor to transmit herewith a report
entitled "Statistics of Income for 1931," prepared from the income-
tax returns of individuals and corporations for that year filed during
1932, with a historical presentation of the income and tax liability
reported by_ individuals and corporations since the inception of the
present period of income taxation under the sixteenth amendment
to the Constitution. The report also contains tabulations of data
from estate- tax returns filed during 1932, irrespective of the date of
death of the decedent, and a brief historical summary.
GENERAL EXPLANATIONS
Returns tabulated. — In general, the returns included in this report
are for the calendar year 1931, filed under the provisions of the
Revenue Act of 1928. However, a considerable number of corpora-
tion returns and a negligible number of individual returns are for a
fiscal year other than the calendar year. Thus there are included with
the returns for the calendar year 1931, returns with fiscal year ending
within the period July 1, 1931, to June 30, 1932, and fractional (part
year) returns for which the greater part of the period falls in 1931.
Returns with income falling in the calendar year 1932 are filed under
the provisions of the Revenue Act of 1932 as well as that of 1928.
^ The general tables therefore include calendar, fiscal, and frac-
tional (part year) returns, except when otherwise specified. The
general tables for corporations include all returns, those showing net
income as well as those showing no net income.
The general tables for individuals include only returns showing
net income. The data tabulated from returns with no net income
are shown on pages 19, 125. Prior to 1928 no tabulations were made
from returns with no net income. The Revenue Act of 1921 and
subsequent acts provide that a return be filed, irrespective of the
amount of net income (or deficit), by every individual, if single or
if married and not Hving with husband or wife, having a gross income
of $5,000 and over, and every married couple living together having
an aggregate gross income of $5,000 and over. Moreover, returns
showing net income below the minimum provided by the revenue
acts are frequently filed by married couples who elect to file separate
returns as provided by law; also as part year returns filed in the case
of the death of the taxpayer and covering the income period to the
date of death, and in cases where the taxpayer elects to change the
accounting period.
1
Z STATISTICS OF INCOME
The statistics contained in this report are based on the taxpayers '
returns as filed, unaudited except for a preliminary examination to
insure proper execution of the returns, and include amended returns
showing net income of $100,000 and over, but do not include amended
returns with net income under $100,000. Income-tax returns filed
by individuals having net income of $5,000 and over and individual
returns of net income under $5,000 which display income character-
istics similar to those usually found in returns of net income of $5,000
and over, such as varied or unusual sources of income or large total
income, and all returns filed by corporations, pass through the sta-
tistical section, and the data are tabulated from each of these returns.
The statistics applying to individual returns with net income under
$5,000, except those specified above (which numbered approximately
133,000), represent estimates based on samples of such returns.
Averages for the various items from a sample for each State are
applied to the total number of returns of the class which they repre-
sent to secure estimates for the particular State. The samples are
selected from both forms on which individual incomes are reported —
form 1040 for net income from salaries or wages of more than $5,000,
or income regardless of amount from business, profession, rents, or
sale of property, and form 1040-A for net income of not more than
$5,000, derived chiefly from salaries and wages. All 1040 returns are
sent to Washington for audit, and those with net income under $5,000
are sampled by the statistical section. The 1040-A returns are
audited in the collection districts, and samples only are sent to
Washington.
The sample for 1931 included approximately 214,000 returns on
form 1040, and 200,000 on form 1040-A, representing for each collec-
tion district not less than 10 percent of the number of each form
of return with net income under $5,000, distributed approximately
equally between taxable and nontaxable returns. The specified
minimum for the 1040 returns was 4,000 wherever the number filed
exceeded that figure, and for 1040-A's the minimum was 2,000 wherever
the number filed exceeded that figure. When the number of returns
filed in any collection district in this class was less than the respective
minima the entire number filed was tabulated.
For 1929 and subsequent years the number of returns with net
income under $5,000 is based in part on Income Tax Unit reports and
in part on reports of collectors; for years prior to 1929 it is based
on collectors' reports, (See 1929 Statistics of Income, p. 2.)
Certain basic tables heretofore included in the Statistics of Income
have been omitted. However, the data, if available, may be obtained
from the Bureau of Internal Revenue upon request. In certain text
and basic tables the amounts in dollars are expressed in thousands.
In every case where this rounding occurs it is clearly indicated in the
subtitle or in a column heading of the table.
General definitions .—ThTow^ovit this report "net income" repre-
sents the amount of gross income, as defined in the revenue act
effective for the year for which the income is returned, in excess of the
deductions claimed by the taxpayer under the provisions of the
respective acts, and "deficit" means excess of deductions over gross
income. The net income of individuals includes capital net gain
from sale of assets held more than 2 years. Credits allowed indi-
viduals, such as personal exemption, credit for dependents, net loss
STATISTICS OF INCOME 6
for prior year, and net loss from the sale of capital assets held more
than 2 years which is reported for tax credit, are not included in
deductions; neither is the special credit of $3,000 for domestic corpo-
rations having net income of $25,000 or less nor net loss for prior year
included in deductions in arriving at net income of corporations.
Gross income and deductions shown in the corporation tables
correspond to the total income and total deductions reported on the
face of the return plus the cost of goods sold.
The amount of income-tax liability returned for 1931, shown in the
tabulations in this volume, is not entirely comparable with the
amount of taxes collected during the calendar year 1932. Several
factors are responsible for this discrepancy, among which are the
following:
1. The amount of tax originally reported on the returns does not
always represent precisely the amount of tax paid, for the reason that
an adjustment may be made after the data have been taken from the
original returns for the Statistics of Income. These adjustments
may result in additional assessments, thereby increasing the tax
liability, or in certificates of overassessments, thereby decreasing the
tax liability. An amended return has the same effect as an adjustment.
2. Income and profits taxes paid to foreign governments or posses-
sions of the United States are deductible from income taxes payable
to the United States as limited by section 131 (b) of the Revenue
Act of 1928 with respect to income returned for 1930 and 1931 and
as limited by section 131 (b) of the Revenue Act of 1932 with respect
to income for 1932. The amount of tax taken as credit under this
provision of law has not been deducted from the amount of tax lia-
bility shown in the tabulations. The aggregate amount of income
a,nd profits taxes paid to foreign governments or possessions of the
United States taken as a credit by corporations is, however, shown
on page 26. Similar figures for individual returns are available
only for the years 1925 to 1930, inclusive, and appear on page 9 of
the Statistics of Income for 1930. Individual income taxes paid at
the source on tax-free covenant bonds are deductible from income
taxes payable by individuals but are not deducted in the income-tax
liability of individual returns shown herein. However, all collections
representing income tax paid at source on tax-free covenant bonds
a,re classified with the corporation income-tax collections, due to the
tax being assessed against the debtor corporations notwithstanding
the fact that it is paid on behalf of individual holders of bonds.
3. The amount of income taxes in fiscal year returns included in
this tabulation may not represent taxes collected during 1932 on such
returns. Fiscal year returns are required to be filed on or before the
15th day of the third month after the end of the fiscal year, and pay-
ment as in the case of calendar year returns, is required at the time
the return is filed, or in four quarterly installments. The first of the
quarterly installments is due when the return is filed. Thus, during
the calendar year 1932, collections were made of part or all of the
taxes in returns for fiscal years ended from January 31, 1931 (the last
quarterly installment payment on which was due on or before Jan. 15,
1932), to September 30, 1932 (the filing of returns and the full pay-
ment or first installment payment on which was due on or before
Dec. 15, 1932), whereas, as previously indicated, there are excluded
from these statistics the returns for fiscal years ending prior to July
1, 1931, and subsequent to June 30, 1932.
4 STATISTICS OF INCOME
4. Delays in payment due to financial embarrassment, death,
liquidation of business, or any other cause, result in collections of
taxes after the close of the year in which such taxes are due, and the
classification of such collections as "back taxes" because made in a
subsequent year. Certain amounts are uncollectible, due likewise to
the above causes.
5. Current collections include such interest and penalty items as
are received during the year in connection with delinquent payments
on returns for 1931.
Industrial classification. — The industrial classification is based
on the predominant business of nonaffiliated corporations or of groups
of affiliated corporations filing a single return. The industrial groups,
therefore, do not contain solely corporations engaged exclusively in
the industries in which they are classified, due to the diversified
industrial activities of many corporations and especially to affiliated
corporations filing consolidated returns, which latter include the in-
come and deductions of the subsidiary or affifiated corporations. If
such aflBliated corporations could be classified independently of the
consolidated returns, many would fall in industrial divisions other
than the ones in which they are included.
Geographic distribution. — The data, although tabulated by returns
filed in each State, do not represent what may be called the geographic
distribution of income, there being no way of ascertaining from the
income-tax returns the amount of income originating in the respective
States or the amount of tax paid on that basis, as income reported
by an individual or corporation in one State may have been derived
from sources in other States, An individual files his income-tax
return in the collection district in which his legal residence or principal
place of business is located, and a corporation files its income-tax
return in the collection district in which its principal place of business
or the principal office or agency is situated, excepting closely affifiated
concerns filing a consolidated return. In the latter case the con-
solidated return is frequently filed in a State other than the State in
which the principal place of business or principal office or agency of
the subsidiaries is located.
INDIVIDUAL INCOME-TAX RETURNS
The number of returns of individuals for 1931 was 3,225,924, of
which 1,525,546 were taxable and 1,700,378 nontaxable. The aggre-
gate net income was $13,604,996,128; the net income on taxable
returns was $9,297,017,593, on which the tax liability was $246,127,-
277. As compared with the returns for the previous year, the total
number for 1931 decreased by 481,585, or 12.99 percent. The aver-
age net income for 1931 was $4,217.40 for aU returns and $6,094.22 for
taxable returns, the average amount of tax liability was $76.30 for aU
returns and $161.34 for taxable returns, and the average tax rate
was 1.81 percent for all returns and 2.65 percent for taxable returns.
For the preceding year the average net income was $4,887.01 for aU
returns and $6,719.81 for taxable returns, the average tax fiabifity
was $128.58 for all returns, and $233.96 for taxable returns, and the
average tax rate was 2.63 percent for all returns and 3.48 percent for
taxable returns. The ratio of the number of returns filed to the
total population (Census Bureau estimate of population as of July 1,
1931) is 2.59 percent, as compared with a corresponding ratio for the
preceding year of 3.01 percent.
* STATISTICS OF INCOME 5
The distribution of returns of individuals by States and Territories
is given in basic table 1, page 59, and by net income classes in basic
table 2, pages 60-61. Each of these tables shows number of returns,
net income, and tax.
SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER
OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS)
The distribution of the returns, by a limited number of net income
classes, is exhibited in the following table, which includes the number
of returns, net income, and tax; also cumulative totals and percent-
ages. In basic table 3, pages 62-64, a similar distribution of the
number of returns, net income, and tax is shown by a more detailed
net-income classification.
Simple and cumulative distribution of individual returns for 1931, by net income
classes, showing number of returns, net income, tax, and percentages i
Net Income classes
(Thousands of dollars)
Under 1 (estimated)
1-2 (estimated)
2-3 (estimated)
3-5 (estimated)
6-10...-
10-25
25-50 -
50-100...
100-150
150-300-
300-500
500-1,000 ,
1,000 and over
Total
Returns
Simple distribution
Number Per cent
185, 391
862, 153
675, 019
912, 630
417, 655
137, 754
24, 308
7,830
1,634
1,056
268
149
77
3, 225, 924
5.75
26.72
20.92
28.29
12.95
4.27
.75
.24
.05
.03
.01
.01
.01
100.00
Cumulative distribu-
tion from highest
income class
Number
3, 225, 924
3, 040, 533
2, 178, 380
1, 503, 361
590, 731
173, 076
35, 322
11,014
3,184
1,550
494
226
77
Percent
100. 00
94.25
67.53
46.61
18.32
5.37
1.10
.35
.11
.06
.03
.02
.01
Cumulative distribu-
tion from lowest
income class
Number
185, 391
1, 047, 544
1, 722, 563
2, 635, 193
3, 052, 848
3, 190, 602
3, 214, 910
3, 222, 740
3, 224, 374
3, 225, 430
3, 225, 698
3, 225, 847
3, 225, 924
Percent
5.75
32.47
53.39
81.68
94.63
98.90
99.65
99.89
99.94
99.97
99.98
99.99
100.00
Net income
Net income classes
(Thousands of dollars)
Simple distribution
Cumulative distribution
from highest income
class
Cumulative distribution
from lowest income
class
Amount
Percent
Amount
Percent
Amount
Percent
Under 1 (estimated)
1-2 (estimated)--
$106, 621, 892
1, 399, 430, 257
1, 641, 594, 435
3,515,716,361
2,807,001,390
2,006,720 536
820, 647, 972
528, 049, 139
196, 598, 339
212, 058, 948
102, 186, 286
102, 310 704
166, 059, 869
0 78
10 29
12.07
25.84
20 63
14.75
6.03
3.88
1.45
1.56
.75
.75
1.22
$13,604,996,128
13, 498, 374, 236
12, 098, 943, 979
10, 457, 349, 544
6, 941, 633, 183
4, 134, 631, 793
2,127,911,257
1, 307, 263, 285
779, 214, 146
582, 615, 807
370 556, 859
268, 370, 573
166, 059, 869
100.00
99.22
88.93
76.86
51.02
30 39
15.64
9.61
5.73
4.28
2.72
1.97
1.22
$106, 621, 892
1, 506, 052, 149
3, 147, 646, 584
6,663,362,945
9, 470 364, 335
11,477,084,871
12, 297, 732, 843
12, 825, 781, 982
13, 022, 380 321
13, 234, 439, 269
13, 336, 625, 555
13,438,936,259
13,604,996,128
0 78
11 07
2-3 (p.stimatfidi
23 14
3-5 (estimated)
48 98
5-10
69 61
10-25
84 36
25-50
90 39
50-100 . .
94 27
100-150
95 72
150-300
97 28
300-500--
98 03
500-1,000-..
98 78
1,000 and over
100 00
Total
13, 604, 996, 128
100. 00
1 For general explanations, see pp. 1-4.
6
STATISTICS OF INCOME
Simple and cumulative distribution of individual returns for 1931, by net income
classes, showing number of returns, net income, tax, and percentages — Contd.
Net income classes
(Thousands of dollars)
Under 1 (estimated)
1-2 (estimated)
2-3 (estimated)
3-5 (estimated)
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total
Tax
Simple distribution
Amount
$23, 641
943, 098
2, 466, 248
3, 831, 861
12, 407, 382
31, 897, 191
40, 095, 612
44, 779, 946
23, 135, 254
28, 793, 193
15,411,182
15, 456, 946
26, 885, 723
246, 127, 277
Percent
0.01
.38
1.00
1.56
5.04
12.96
16.29
18.20
9.40
11.70
6.26
6.28
10.92
100.00
Cumulative distribu-
tion from highest in-
come class
Amount
$246, 127,
246, 103,
245, 160,
242, 694,
238, 862,
226, 455,
194, 557,
154, 462,
109, 682,
86, 547,
57, 753,
42, 342,
26, 885,
Percent
100. 00
99.99
99.61
98.61
97.05
92.01
79.05
62.76
44.56
35.16
23.46
17.20
10.92
Cumulative distribu-
tion from lowest in-
come class
Amount
$23, 641
966, 739
3, 432, 987
7, 264, 848
19, 672, 230
51, 569, 421
91, 665, 033
136, 444, 979
159, 580, 233
188, 373, 426
203, 784, 608
219, 241, 554
246, 127, 277
Percent
0.01
.39
1.39
2.95
7.99
20.95
37.24
55.44
64.84
76.54
82.80
89.08
100.00
CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP (INDIVIDUAL RETURNS)
The following table shows the number of individual returns and
the net income distributed according to sex and family relationship
of the taxpayer. In basic tables 4 and 5 (pp. 65-68) similar data
are shown by States and Territories and by net income classes,
respectively.
Individual returns for 1931 by sex and family relationship of taxpayer, showing
number of returns, net income, and percentages '
Returns
Family relationship
Joint returns of husbands and wives, with or without
dependent children, and the returns of husbands whose
wives, though living with them, file separate returns-
Wives filing separate returns from husbands
Single men, heads of families
Single women, heads of families
Single men, not heads of families
Single women, not heads of families
Community property income '.
Total
Number Percent
1, 646, 523
237, 157
104, 649
709, 951
415,061
88, 238
24,345
3, 225, 924
51.04
7.35
3.24
22.01
12.87
2.74
.75
100. 00
Net income
Amount Percent
$8, 210. 345, 006
782, 865, 305
363, 808, 708
1, 961, 086, 504
1,402,237,112
591,613,056
293, 040, 437
13, 604, 996, 128
60.35
5.76
2.67
14.41
10.31
4.35
2.15
100.00
' Includes returns for income of estates or property held in trust, which are distributed by sex and family
relationship of the testator or grantor. ¥qt general explanations see pp. 1-4.
2 Excludes separate returns of community property income of husband and wife in which the net income
is under $5,000 and joint returns of husband and wife which show net income under $10,000. In tabulating
joint returns of community property, net income of $10,000 and over, the data are divided to represent the
separate returns of husband and wife, the net income class for each of the separate returns being one half
of the combined net income of the joint return. Returns of community property income not included under
this beading are classified either under joint returns of husbands and wives, etc., or wives filing separate
returns from husbands.
NET INCOME EXEMPT FROM NORMAL TAX (INDIVIDUAL RETURNS)
The net income specifically exempt from normal tax through per-
sonal exemption, credit for dependents, dividends on stock of domestic
corporations, interest on Government obligations not wholly exempt
STATISTICS OF INCOME
from tax, capital net gain from sale of assets held more than 2 years,
and net income offset by net loss for prior year, also the net income
subject to normal tax, are shown in the following table:
Net income exempt from and amount subject to normal tax, individual returns for 1931 '
Distribution
Amount
Percent
$13, 604, 996, 128
100.00
Net income specifically exempt from normal tax:
9,682,141,042
2, 276, 601, 772
7, 405, 539, 270
3,113,860,788
25,325,090
155, 384, 240
43, 754, 089
54.43
22.89
.19
Capital net srain from sale of assets held more than 2 years $169, 949, 286
Less loss in ordinary net Income and net loss for prior year,
deductible from capital net gain - - - - 14,665,046
1.14
.32
10,743,863,477
78.97
2,861,132,651
21.03
1 For general explanations, see pp. 1-4.
CAPITAL NET GAINS AND LOSSES (INDIVIDUAL RETURNS)
The special provisions in the revenue acts for capital net gains
and losses from the sale of assets held more than 2 years apply, for
capital net gain, to sales after December 31, 1921, and for capital
net losses, to sales after December 31, 1923.
Under the Revenue Act of 1921 and subsequent acts, capital net
gains as defined in the revenue acts from the sale of assets held more
than 2 years may, at the option of the taxpayer, be reported separately
and taxed at 12^ percent in lieu of the normal tax and surtax rates
otherwise applicable. The income tax of the individual in such
cases is the sum of 12)^ percent of the capital net gains plus the
tax on the net income from other sources, termed "ordinary net
income," computed according to the provisions of the respective
revenue acts.
The capital net gains and the tax at 12)^ percent of such gains
reported for 1922 and following years appear on pages 38 and 42-44,
respectively, of this report. In order that the amounts shown as "net
income" and "total income" in the Statistics of Income for 1922
and subsequent years be made comparable with earlier years, it is
necessary that "net income" and "total income" be increased by
the amount of such gains. These adjustments have been made in the
Statistics of Income for these years.
Under the Revenue Act of 1924 and subsequent acts the taxpayer
must report his capital net loss, as defined in the respective acts,
from the sale of assets held more than 2 years by one of two methods
whichever will produce the larger tax. These two methods are (1)
the tax on the net income from other sources, termed "ordinary net
income", computed according to the provisions of the respective
revenue acts, less 12}^ percent of the capital net loss, and (2) the
tax on the net income computed without regard for the special
provisions for capital net losses.
The tax credit of 12)^ percent on capital net losses for 1924 and
following years appears on page 38. Under the Revenue Acts of
8
STATISTICS OF INCOME
1918 and 1921 such losses are deducted in arriving at net income.
Under the Revenue Acts of 1916 and 1917 losses sustained in trans-
actions entered into for profit but not connected with business or
trade are deductible to the extent of the aggregate income from such
transactions. In order that the amounts shown as "net income"
and "deductions" in the Statistics of Income for 1924 and subsequent
years be made comparable with the amounts shown in Statistics of
Income for 1918 to 1923, inclusive, it is necessary that "net income"
be reduced by, and "deductions" be increased by, the amount of
such losses. These adjustments have not been made in the "net
income" and "deductions" shown in the Statistics of Income for
these years.
NET LOSS FOR PRIOR YEAR (INDIVIDUAL RETURNS)
The net loss during a given taxable year in a trade or business
regularly carried on by the taxpayer, as specifically defined in the
Revenue Acts of 1921 to 1928, inclusive, is allowed as a deduction in
computing the net income of the taxpayer for the succeeding taxable
year, and if such net loss exceeds the net income for the succeeding
year the amount of such excess is to be allowed in the next succeeding
year. Moreover, if such net loss is in excess of the ordinary net income
before deduction of this loss, and the taxpayer has a capital net gain,
the amount of such excess shall next be applied against the capital
net gain for such year, and if this excess is larger than the capital net
gain for such year, the balance is similarly allowed as a deduction in
computing the ordinary net income and the capital net gain the next
succeeding taxable year. See section 117 of the Revenue Act of 1928.
Such net losses, being of prior year origin, are not included in the
current year deductions in arriving at the net income for the various
years shown in this volume. Net loss for prior year reported in the
individual income-tax returns for the years 1922 to 1931, inclusive,
and taken as a deduction in computing ordinary net income and
capital net gain is given below:
Year — Amount
1922 $45,220,859
1923 34,266,149
1924 29,869,182
1925 32,321,310
1926 27,411,767
Year — Amount
1927 $37,054,785
1928 33,616,475
1929 28,909,275
1930 39,920,711
1931 43,754,089
CREDIT OF 25 PERCENT OF TAX [ON EARNED NET INCOME (INDIVIDUAL
RETURNS)
The credit of 25 percent of the tax on earned net bicome applies
to the tax on the first $5,000 of net income and, if specifically earned,
to the tax on an amount not exceeding $10,000 under the Revenue
Act of 1924, applicable to returns for 1924, and to an amount not
exceeding $20,000 under the Revenue Act of 1926, applicable to
returns for 1925 to 1927, and to an amount not exceeding $30,000
under the Revenue Act of 1928, applicable to returns for 1928 to 1931,
inclusive.
STATISTICS OF INCOME
9
Earned net income-tax credit, reported on returns for the years
1924 to 1931, inclusive, is shown below:
Yga^j. Amount
1924 $30,637,463
1925 24,570,183
1926 24,646,993
1927 24,915,315
Year — Amount
1928 $34,789,690
1929 22,062,492
1930 24,886,344
1931 17,490,530
SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS)
Immediately following is shown a distribution by sburces of the
income and deductions reported by individuals. The figures for the
various sources are aggregates of net amounts of income, and repre-
sent the amounts by wliich the gross income exceeds the deductions
allowed for each specific source, as provided in the schedules of the
return. (See form 1040, p. 214.) Net losses reported in the sched-
ules are transferred in tabulation to deductions, which also include
amounts reported on the return under "Deductions" from total
income.
Income from partnerships and fiduciaries does not include amounts
received through these entities from capital net gain from sale of
assets held more than 2 years, dividends on stock of domestic corpo-
rations, or taxable interest on obligations of the United States, since
these items are reported under their respective classifications.
Amounts shown in earlier reports as ''Interest and other income"
are segregated into "Interest other than tax-exempt" and "Other
income."
Sources of income and deductions in individual returns for 1931, amounts and
percentages ^
Sources of income and deductions
Amount
Percent
Income:
Wages and salaries
Business
Partnership
Profit from sale of real estate, stocks, bonds, etc., other than taxed as capi-
tal net gain from sale of assets held more than 2 years
Capital net gain from sale of assets held more than 2 years
Rents and royalties -.-,
Interest on Government obligations not wholly exempt from tax
Dividends on stock of domestic corporations
Fiduciary
Interest other than tax exempt
Other income
Total income
Deductions:
Net loss from sale of real estate, stocks, bonds, etc., other than reported for
tax credit on capital net loss from sale of assets held more than 2 years..
Net loss from business and partnership
Contributions
All other
Total deductions
Net income
$8, 325, 161, 964
1, 889, 758, 776
729, 523, 465
301, 664, 293
169, 949, 286
770, 764, 166
25, 325, 090
3, 113, 860, 788
369, 140, 461
1, 337, 606, 246
235, 695, 970
48.21
10.94
4.22
1.75
.99
4.46
.15
18.03
2.14
7.75
1.36
17, 268, 450, 505
100.00
1, 160, 764, 725
134, 685, 066
328, 299, 881
2, 039, 704, 705
6.72
.78
1.90
11.81
3, 663, 454, 377
21.21
13, 604, 996, 128
78.79
1 For general explanations, see pp. 1-4.
The following table shows, by net income classes, the distribution
of the total income by sources. The distribution by States and Ter-
ritories and by a larger number of net income classes is shown in
10
STATISTICS OF INCOME
basic tables 6 and 7, respectively (pp. 69-72), except that "Interest
other than tax exempt" and "Other income" are combined as "In-
terest and other income."
Sources of income and deductions, individual returns for 1931, by net income
classes '
Net income classes
(Thousands of 'dollars)
Wages and
salaries
Business
Partnership
Profit from sale of real es-
tate, stocks, bonds, etc.
Reported for
tax on capi-
tal net gain 2
All other
Under 5 (est.)
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total.-
$5, 005, 133, 783
1,810,439,300
983, 667, 027
282, 046, 473
140, 921, 855
40, 477, 754
34, 461, 250
15, 614, 230
7, 443, 645
4, 956, 647
$1, 123, 028, 997
432, 350, 048
230, 186, 468
60, 953, 961
27, 222, 230
6, 553, 942
5, 692, 435
2, 126, 561
1, 531, 427
112, 707
$237, 376, 253
180, 158, 115
159, 396, 119
69, 227, 869
47, 194, 955
13, 769, 874
16, 611, 962
3, 185, 799
2, 602, 395
124
$4, 336, 751
25, 004, 212
19,052,711
34, 356, 018
23, 215, 384
24, 640, 038
39, 344, 172
$105, 090, 106
54, 798, 468
72, 346, 166
39, 388, 537
12, 724, 597
4, 043, 558
5, 445, 729
2, 930, 803
2, 031, 838
2, 864, 491
8, 325, 161, 964
1, 889, 758, 776
729, 523, 465
169, 949, 286
301, 664, 293
Net income classes
(Thousands of dollars)
Rents and
royalties
Interest on
Government
obligations
not wholly
exempt
from tax
Dividends on
stock of do-
mestic corpo-
rations
Fiduciary
Interest other
than tax-
exempt
Under 5 (est.)
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total...
$464, 427, 828
139, 699, 500
99, 367, 551
35, 055, 379
17, 601, 341
4, 489, 403
5, 001, 878
3, 413, 923
1, 397, 409
309, 954
$12, 433, 547
6, 503, 268
3, 610, 285
1, 202, 732
677, 119
377, 043
304, 031
217, 065
$530, 186, 744
485, 754, 872
715,011,733
413, 903, 103
338, 381, 304
147, 021, 320
169, 105, 407
80, 440, 236
90, 902, 097
143, 153, 972
$88, 513, 510
76, 448, 587
100, 372, 824
- 53, 425, 788
30, 940, 061
6, 501, 286
5, 604, 321
2, 351, 645
3, 239, 540
1, 742, 899
$588, 261, 651
277, 518, 935
257, 807, 634
102, 129, 008
59, 758, 821
17, 371, 768
16, 383, 612
5, 326, 732
5, 357, 046
7, 691, 039
770, 764, 166
25, 325, 090
3, 113, 860, 788
369, 140, 461
1, 337, 606, 246
Net income classes
(Thousands of dollars)
Other income
Total income
Net loss from
sale of real es-
tate, stocks,
bonds, etc.,
other than re-
ported for tax
credit on capi-
tal net loss 2
Net loss
from busi-
ness and
partnership
Contribu-
tions
Under 5 (est.)
5-10.
10-25.
25-50
50-100..
100-150
150-300
300-500
500-1,000
1,000 and over
Total...
$114,850,594
45, 594, 195
33, 638, 577
14, 733, 698
12, 332, 357
3, 628, 865
4, 920, 979
1, 190, 357
1, 896, 508
2, 909, 840
$8, 256,
3, 502,
2, 664,
1, 081,
715,
264,
298,
140,
141,
203,
869, 466
762, 020
227, 646
703, 835
692, 018
113,213
260, 710
172,713
345, 974
302, 910
$347, 261, 830
215, 720, 450
282, 822, 485
108, 698, 143
84,675,491
29, 330, 342
46,976,161
17, 328, 688
16, 527, 258
11,423,877
560, 073
193, 787
370, 467
801, 841
997, 523
422, 352
583, 861
435, 958
731, 579
587, 625
$125, 320, 898
63, 445, 812
54, 367, 148
25, 800, 493
19, 553, 063
8, 662, 994
9, 489, 229
5, 175, 302
6, 118, 567
10, 366, 375
235, 695, 970
17, 268, 450, 505
1, 160, 764, 725
134, 685, 066
328, 299, 881
' For general explanations, see pp. 1-4.
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
p. 7.)
(See
STATISTICS OF INCOME
11
Sources of income and deductions, individual returns for 1931, by net income
classes — Continued
Net income classes
(Thousands of dollars)
All other
deductions
Total deduc-
tions
Net income
Under 5 (est.)
5-10
10-25.
25-50
50-100..
100-150
150-300
300-500-
500-1,000
1,000 and over
Total.. -
1, 058, 363, 720
397, 400, 581
297, 947, 010
115, 755, 386
74, 416, 802
26, 099, 186
27, 152, 511
14, 046, 479
14, 657, 866
13, 865, 164
$1, 593, 506, 521
695, 760, 630
657,507,110
261, 055, 863
187, 642, 879
67, 514, 874
86, 201, 762
37, 986, 427
39, 035, 270
37, 243, 041
663, 362, 945
807, 001, 390
006, 720, 536
820, 647, 972
528, 049, 139
196, 598, 339
212, 058, 948
102, 186, 286
102, 310, 704
166, 059, 869
2, 039, 704, 705
3, 663, 454, 377
13, 604, 996, 128
Percentage distribution of sources of income and deductions, individual returns for
1931, by net income classes '
Net income classes
(Thousands of dollars)
Wages
and
salaries
Business
Partner-
ship
Profit from sale of
real estate, stocks,
bonds, etc.
Reported
for tax on
capital
net gain ^
All other
Rents
and
royalties
Interest
on Gov-
ernment
obliga-
tions not
wholly
exempt
from tax
Under 5 (est.)
5-10
l(}-25
25-50
50-100-
100-150
150-300
300-500
500-1,000
1,000 and over
Total—
60.62
51.69
36.92
26.07
19.69
15.33
11.55
11.14
5.27
2.44
13.60
12.34
8.64
5.63
3.80
2.48
1.91
1.52
1.08
.06
2.87
5.14
5.98
6.40
6.59
5.21
5.57
2.27
1.84
0.40
3.50
7.21
11.52
16.56
17.43
19.35
1.27
1.56
2.72
3.64
1.78
1.53
1.83
2.09
1.44
1.41
5.63
3.99
3.73
3.24
2.46
1.70
1.68
2.44
.99
.15
0.47
.60
.51
.46
.23
.27
.22
.11
48.21
10.94
4.23
1.75
4.46
.15
Net income classes
(Thousands of dollars)
Divi-
dends on
stock of
domestic
corpora-
tions
Fiduci-
ary
Interest
other
than tax-
exempt
Other
income
Total
income
Net loss from
sale of real
estate, stocks,
bonds, etc.,
other than
reported for
tax credit
on capital
net loss 2
Net loss
from
business
and
partner-
ship
Under 5 (est.) .
6.42
13.87
26.84
38.27
47.28
55.67
56.69
57.38
64 31
70.41
1.07
2.18
3.77
4.94
4.32
2.46
1.88
1.68
2.29
.86
7.13
7.93
9.67
9.44
8.35
6.58
5.49
3.80
3.79
3.78
1.39
1.30
1.26
1.37
1.72
1.37
1.65
.85
1.34
1.43
100.00
100.00
100.00
100. 00
100. 00
100. 00
100. 00
100.00
100.00
100. 00
4.21
6.16
10.62
10.05
11.83
11.11
15.75
12.36
11.69
5.62
0.76
5-10
.55
10-25
.84
25-50
1.00
50-100
1.26
100-150
1.30
150-300 . .
.87
300-500
1.03
500-1,000
1.23
1,000 and over...
.78
Total
18.03
2.14
7.75
1.36
100. 00
6.72
.78
' For general explanations, see pp. 1-4.
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years,
p. 7.)
177160—34 2
(See
12
STATISTICS OF INCOME
Percentage distribution of sources of income and deductions, individual returns for
1931, by net income classes — Continued
Net income classes
(Thousands of dollars)
Under 5 (est.)
5-10
10-25
25-50..- -.
50-100
100-150.
150-300
300-500
500-1,000
1,000 and over.
Total...
Contri-
butions
1.52
1.81
2.04
2.39
2.73
3.28
3.18
3.69
4.33
5.10
1.90
All other
deduc-
tions
12.81
11.34
11.18
10.70
10.40
9.88
9.10
10.02
10.37
6.82
11.81
Total de-
ductions
19.30
19.86
24.68
24.14
26.22
25.57
28.90
27.10
27.62
18.32
21.21
Net
income
80.70
80.14
75.32
75.86
73.78
74.43
71.10
72.90
72.38
81.68
78.79
FREQUENCY DISTRIBUTION BY SIZE OF SPECIFIC ITEMS OF INCOME AND DEDUC-
TIONS, RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)
In the general tables for individual returns, data are classified
according to the net income of the individual. Within net income
classes, returns may show widely varying amounts of income and
deductions from specific sources. In the following table specific
items of income and deductions reported on returns of net income
of $5,000 and over are classified according to the size.
Sources of income not included in this tabulation are partnership,
fiduciary, and interest and other income. The total income received
through partnerships and fiduciaries may not be included in items
5 and 6, form 1040, provided for such income, since the instructions
relative to those items provide:
Enter as item 5 your share (whether received or not) of the profits of a partner-
ship, and as item 6 income from an estate or trust, except that the share of (a)
capital net gain or loss computed as provided in instruction 8a shall be reported
in schedule D, (6) taxable interest on obligations of the United States shall be
included in schedule E, and (c) profits which consisted of dividends on stock of
domestic corporations shall be included in item 10, on the return.
STATISTICS OF INCOME
13
Frequency distribution by size of certain items of income and deduction, individual
returns for 19S1 of net income of $5,000 and over, showing the number of times
the item occurs and the total income and deduction
Size of specLfle income and de-
Salaries, commissions,
etc.
Business
Dividends on stock of
domestic corporations
duction
(Thousands of dollars)
Number
of times
item
occurs
Amount
Number
of times
item
occurs
Amount
Number
of times
item
occurs
Amount
Under 0.1
3,412
2,753
2,069
1,787
1,365
5,999
11, 749
13, 190
16, 998
23,535
216, 047
49, 761
17, 460
8,000
4,329
4,055
1,702
1,682
535
489
46
14
2
$161, 309
383, 203
496, 769
602, 593
603, 957
4, 287, 350
17, 234, 578
32, 626, 601
59, 117, 391
106, 686, 953
1,473,977,593
586, 583, 523
294, 222, 040
176, 174, 611
116, 169, 094
136, 968, 786
75, 282, 473
98, 741, 374
45, 244, 592
66, 762 008
15, 766, 766
9,519,515
2, 415, 102
1,316
1,179
994
808
715
3,184
4,981
4,882
5,234
6,843
48,252
11, 234
3,702
1,646
920
878
384
370
129
117
10
1
$62, 227
169, 577
243, 828
274, 174
317, 844
2, 345, 487
7, 332, 486
12, 207, 217
18, 404, 899
30, 956, 343
333, 741, 877
134, 649, 835
63, 273, 210
36, 497, 951
25, 091, 340
30, 074, 062
17, 247, 014
21, 992, 146
11, 068, 833
16, 347, 163
3, 809, 565
622, 701
40, 773
27, 095
19, 388
15, 673
12, 849
43, 934
48, 135
29, 336
21, 060
15, 932
45, 970
18, 074
9,240
5,664
3,707
4,454
2,659
3,159
1,508
1,946
445
201
93
$1, 905, 801
0.1-0.2
3, 989, 985
0.2-0.3 -
4, 741, 086
0.3-0.4
5, 394, 810
0,4r-0.5
5, 731, 459
0.5-1 - -
31, 794, 078
1-2 - -
69, 347, 466
2-3
72, 137, 581
72, 941, 325
3-4
4r-5
71,345 858
6-10 -
322, 937, 169
10-15 -
219,552 852
15-20 —
159, 106, 220
20-25.
126, 378, 046
25-30
101, 165, 081
30-40
153, 272, 025
117, 984, 232
188, 812, 306
125, 969, 401
281 191 514
40-50
£0-76
75-100
100-250-
250-500
143, 065, 890
111, 307, 033
193, 602, 826
600-1,000
1,000 and over -
Total
386, 979
3, 320, 028, 181
97, 779
766, 729, 779
371, 295
2,583,674,044
14
STATISTICS OF INCOME
Frequency distribution by size of certain items of income and deduction, individtial
returns for 1931 of net income of $5,000 and over, showing the namber of times
the item occurs and the total income and deduction — -Continued
Size of specific income and
deduction
(Thousands of dollars)
Rents and royalties
Profit from sale of
real estate, stocks,
bonds, etc., other
than taxed as capi-
tal net gain from
sale of assets held
more than 2 years
Net loss from sale of"
real estate, stocks,
bonds, etc., other
than reported for-
tax credit on capital
net loss from sale
of assets held more
than 2 years
Number
of times
item
occurs
Amount
Number
of times
item
occurs
Amount
Number
of times
item
occurs
Amount
Under 0.1
14, 918
12, 245
9,894
8,419
6,752
19.910
16, 847
8. 565
5,416
3,729
10, 147
3,217
1,281
665
395
351
1.53
176
55
43
6
$733, 126
1, 777, 805
2, 428, 656
2, 896, 355
3, 013, 584
14,161,497
23,911,3.52
20, 945, 251
18, 691, 227
16, 690, 105
70, 880, 410
39, 043, 569
21, 959, 918
14, 682, 220
10, 809, 086
12, 022, 711
6, 849, 404
10, 294, 436
4, 533, 905
6, 172, 351
1. 871, 016
10, 864
6,758
4,776
3, 513
2,690
8,337
7,403
3,728
2,552
1,917
5,527
1,987
925
514
345
338
161
126
46
44
22
4
1
$491, 002
970, 197
1,167.920
1, 212, 380
1.199,928
5, 957, 182
10, 548, 465
9.117.833
8. 829, 063
8, 558, 340
38. 865, 708
24, 124, 875
15,915,789
11.467,139
9. 399. 416
11,62,5.727
7,119.057
7. 475. 075
4.014,194
6, 621. 174
7, 739, 240
2, 539, 733
1, 614, 750
4,856
3,549
3,286
2,766
2,678
10,449
14, 151
9,032
6,427
5,068
14, 158
6,432
3.589
2,275
1,489
1,853
982
1.080
475
554
114
31
17
$220, 746
0.1-0.2...
522, 597
0.2-0.3...
806, 061
0.3-0.4...
958, 105
0.4-0.5
1, 197. 472
0.5-1 -
7, 577, 702
1-2
20, 509. 835
2-3 . - . . .
23, 136, 723
3-4 -
22. 337. 285
4-5 .
22. 657. 494
5-10 .
101. 052 .393
10-15
78. 686. 275
15-20
62. 095, 437
20-25
50, 874, 585
25-30
40, 420, 534
30-40
63, 894. 829
40-50
43, 759, 117
50-75
65, 141, 474
75-100
40. 657, 457
100-2.50
79. 1.50. 654
250-500 .- .
38, 812, 451
500-1,000
20, 574, 276
1 ,000 and over. . .
1
1,968.354
28. 459, 393
Total .
123, 185
306, 336, 338
62, 578
196, 574, 187
95, 311
813, 502, 895
Size of specific income and deduction
Capital net gain from
sale of assets held
more than 2 years
Capital net loss from
sale of assets held
more than 2 years
(Thousands of dollars)
Number
of times
item
occurs
Amount
Number
of times
item
occurs
Amount
Under 0.1
141
94
82
80
63
255
310
167
113
82
261
156
110
80
73
92
96
193
114
229
67
39
23
$6, 653
13, 377
20, 237
27, 789
28, 350
184, 309
447, 066
412, 846
386, 944
367, 403
1, 858, 845
1, 920, 753
1, 907, 951
1, 765, 518
1, 988, 104
3, 169, 365
4, 286, 212
11,747,894
9, 941, 369
35, 356, 946
23, 247, 947
26, 553, 591
44, 309, 817
98
73
60
57
59
222
317
241
198
204
754
552
389
285
268
419
282
411
230
365
72
20
17
$4, 838
0.1-0.2 . -
10. 394
0.2-0.3 .
14, 738
0.3-0.4
19, 715
0.4-0.5 .
26,404
0.5-1 -
163, 214
1-2 -
465, 154
2-3
602, 484
3-4
692, 742
4-5
909, 441
5-10
5, 507, 470
10-15 .
6, 844, 630
45-20 --
6, 768, 865
20-25 -.
6, 361, 736
25-30
7, 405, 097
30-40
14, 576, 593
40-50
12, 505, 251
50-75
25, 126, 747
7,5-100
19, 869, 426
100-2,50 . . . . .......
54, 769, 890
250-500
23, 519, 286
.500-1,000 -
15, 106, 750
1,000 and over .-.
38, 604, 779
Total
2,920
169, 949, 286
5,593
239, 875, 644
STATISTICS OF INCOME
15
NET PROFIT FROM BUSINESS, RETURNS OF NET INCOME OF $5,000 AND OVER, BY
MAJOR INDUSTRIAL GROUPS (INDIVIDUAL RETURNS)
The net profit from business (other than from partnerships) re-
ported in returns, form 1040, of net income of $5,000 and over is
classified below according to the nature of the business. These data
represent only such amounts reported by individuals as were derived
from business operations conducted as sole proprietors, and do not
necessarily indicate the principal occupation of or the total income
reported by the individual making the return. Business profits
reported on returns, form 1040, showing net income of less than
$5,000 are not included. The sample of these returns on which the
Statistics of Income estimates are based is not considered sufficiently
comprehensive for these detailed figures concerning net profit from
lousiness.
The net profit from business as shown in these statistics represents
the total receipts from business or profession, less cost of goods sold
and other business deductions, such as salaries, interest on business
indebtedness, taxes on business or business property, loss from fire
or storm, bad debts arising from sales, depreciation, obsolescence
and depletion, rents, repairs, and other expenses, as provided for in
schedule A of the individual income-tax returns, form 1040.
Net profit from business, by major industrial groups, showing number of businesses
and net profit from business, individual returns for 1931 of net income of $5,000
and over; also grand totals for prior years
Industrial groups
Agriculture and related industries..-
Mining and quarrying
Manufacturing:
Food products, including beverages
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products..
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified
Total manufacturing
Construction
Transportation and other public utilities
Trade
Service— professional, amusements, hotels, etc
Finance — banking, insurance, real estate, stock and bond
brokers, etc
Nature of business not given
Grand total, 1931
1930
1929
1928
1927
1926
1925
1924...
1923
1922
1921
1920
1,371
26
825
64
30
2&0
65
950
198
164
553
4,934
3,504
1,258
20, 625
62, 900
5,981
4,814
97, 779
154, 640
228, 475
220, 159
212, 919
218, 148
203, 576
(■)
(■)
0)
(')
(')
Number
of busi-
nesses
3,213
550
Percent
3.29
.56
1.40
.03
.84
.07
.03
.20
.07
.97
.20
.17
.57
.50
5.05
3.58
1.29
21.09
54.10
6.12
4.92
100. 00
Net profit from
business
$14, 572, 790
5, 340, 250
11,238,169
264, 690
7, 864, 462
738, 630
434, 951
1, 667, 730
671, 290
8, 046, 947
2, 180, 508
1, 356, 488
4, 398, 862
4, 346, 289
43, 209, 016
34, 138, 285
9, 804, 092
136, 336, 821
440, 496, 654
62, 432, 226
30, 399, 645
766,
1, 215,
1, 836,
1, 772,
1, 704,
1, 738,
1, 623,
1, 290,
1, 059,
1, 012,
816,
1, 398,
729, 779
462, 152
328, 630
255, 111
175, 267
522, 844
638, 298
721, 756
472, 721
439, 906
040, 035
069, 227
Percent
1.90
.70
1.47
.03
1.02
.10
.06
.22
.09
1.05
.28
.18
.57
.57
5.64
4.45
1.28
17.78
57.45
6.84
3.96
100. 00
' Not available.
16 STATISTICS OF INCOME
TAXES PAID OTHER THAN FEDERAL INCOME TAX AND INTEREST PAID,
RETURNS OF NET INCOME OF $5,000 AND OVER (INDIVIDUAL RETURNS)
In basic tables 8 and 8 A, pages 73-74,, taxes paid other than
Federal income tax or that amount of the income and profits taxes
paid foreign countries or possessions of the United States allowed as
a deduction, and interest paid as reported in the returns of net
income of $5,000 and over, are distributed by States and Territories
and by net income classes, respectively. The amounts are shown
separately as reported in business deductions in Schedule A, Income
from Business or Profession, and in deductions from total income.
Taxes paid other than Federal income tax are reported under "De-
ductions" in the individual income-tax return (item 14 on form 1040)
in accordance with the following instructions:
Enter as item 14 personal taxes and taxes paid on property not used in your
business or profession, not including those assessed against local benefits of a
kind tending to increase the value of the property assessed. Do not include
Federal income taxes, taxes imposed upon your interest as shareholder of a cor-
poration which are paid by the corporation without reimbursement from you, nor
income taxes claimed as a credit in item 54.
Taxes paid on business property or for carrying on business as re-
ported under business deductions in item 12, Schedule A, Income
from Business or Profession, do not include Federal income taxes,
taxes assessed against local benefits of a kind tending to increase the
value of property, nor taxes imposed upon sales by manufacturers.
Amounts tabulated do not include taxes reported on Form 1040-F,
Schedule of Farm Income and Expenses.
Interest paid is reported under "Deductions" in the individual
income-tax returns (item 13, form 1040) in accordance with the
following instructions:
Enter as item 13 interest paid on personal indebtedness as distinguished from
business indebtedness (which should be deducted under schedules A or B).
Do not include interest on indebtedness incurred to purchase or carry obligations
or securities, the interest upon which is wholly exempt from taxation.
Interest paid on business indebtedness to others is reported under
business deductions in item 11, Schedule A, Income from Business
or Profession, in accordance with the following instructions:
Enter on line 11, interest on business indebtedness. Do not include interest
to yourself on capital invested in or advanced to the business.
The taxes paid, other than Federal income tax and certain income
taxes paid foreign countries, and interest paid, reported on returns
of net income under $5,000, are not included, as the sample of the
returns is not considered sufficiently comprehensive to determine
these items accurately.
Below are shown, for the years for which the data are available,
the aggregates of taxes paid other than Federal income-tax and
certain income taxes paid foreign countries, and the interest paid as
reported on returns of net income of $5,000 and over:
STATISTICS OF INCOME
17
Taxes paid other than Federal income tax and interest paid, individual returns
for 1927 to 1931 of net income of $5,000 and over
Taxes paid other than Federal income
tax 1
Interest paid
Year
Total
Reported in
deductions
from total
income
Reported in
business
deductions
Total
Reported in
deductions
from total
income
Reported in
business
deductions
1927
$485, 969, 727
527, 893, 669
532, 798, 878
444, 577, 395
312, 477, 684
$440, 973, 832
475, 422, 144
479, 099, 835
407, 996, 443
294, 165, 390
$44, 995, 895
52, 471, 525
53, 699. 043
36, 580, 952
18, 312, 294
1928
$940, 615, 916
958, 958, 653
615, 864, 209
393, 086, 138
$866, 057, 874
886, 187, 377
574, 629, 633
373, 602, 771
$74, 558, 042
1929
72, 771, 276
1930
41, 234, 576
1931
19, 483, 367
1 Excludes also certain income tax paid foreign countries.
WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS OF NET INCOME
OF $5,000 AND OVER (INDIVIDUAL RETURNS)
Wholly tax-exempt obligations include those the interest on which
is wholly exempt from the normal income tax and the surtax of the
Federal Government. Partially tax-exempt obhgations are those
the interest on which is exempt from the normal tax of the Federal
Government and in certain issues the interest on the principal up to
$5,000 is exempt from surtax. During the calendar year 1931 the
wholly tax-exempt obligations of the Federal Government on which
interest was paid included bonds issued on or before September 1,
1917, First Liberty 3K percent bonds, Treasury certificates of indebt-
edness, and Treasury bills; and the partially tax-exempt obligations
of the Federal Government were Liberty 4 and 4)^ percent bonds,
Treasury notes, and all Treasury bonds.
The following tabulation shows the wholly and partially tax-ex-
empt obligations owned and interest received therefrom, segregated
by nature of obhgation and by net income classes, reported in returns
of net income of $5,000 and over.
The amount of interest reported is the total amoimt received or
accrued. Since bond holdings are subject to variation during the
year, the amount of bonds reported may include bonds for which
no interest was received or accrued, and, vice versa, the interest
reported may include interest on bonds which are not included^in
the amount of bonds reported.
18
STATISTICS OF INCOME
Wholly and partially tax-exempt obligations reported in individual returns for 19S1
of net income of $5,000 and over, showing amounts owned and interest received,
by nature of obligation and by net income classes
Net income classes
(Thousands of
dollars)
Amount owned
Total
Obligations of
States and
Territories or
political sub-
divisions
thereof
Obligations of
the United
States ' and
its possessions
and securities
issued under
the Federal
Farm Loan
Act
Interest received
Total
Obligations
of States
and Terri-
tories or
political
subdivisions
thereof
Obligations
of the
United
States '
and its
possessions
and securi-
ties issued
under the
Federal
Farm Loan
Act
5-6
6-7-.
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500..
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over.
Total 4,170,875,444
$118,
111,
99,
89,
94,
95,
76,
93,
69,
71,
281,
279.
194,
308,
225.
189,
167,
131.
118,
108.
342.
162,
94,
67,
74.
76,
188,
61,
49,
52.
61,
16,
666, 574
714, 776
459, 747
117, 071
839, 940
951, 267
169, 500
325, 753
304, 513
767, 437
391, 122
383, 239
514, 539
875, 945
528, 302
484. 774
391,104
286. 588
173.538
659. 377
555, 998
280, 638
423. 437
910. 550
662. 643
461, 664
864, 466
480, 823
234, 304
572. 353
107, 562
315, 900
$48, 527, 298
51, 407, 751
42, 462, 930
39. 734. 727
47, 778, 023
50, 194, 579
36, 535, 722
52, 337, 028
37, 516, 260
33, 307, 630
158, 674, 939
156, 438, 078
117, 768, 032
203, 051, 508
146. 592, 378
127, 141, 238
118, 945. 700
93, 469, 408
93, 493, 537
75, 375, 648
253, 951, 304
123, 398, 180
62, 976, 542
49, 458, 890
48, 013, 770
52. 762, 889
149, 186, 570
49, 203, 171
23, 812, 304
41. 780, 3.53
46, 234, 818
15, 635, 600
2, 647, 166, 805
$70, 139. 276
60, 307, 025
56. 996, 817
49, 382. 344
47,061,917
45, 756, 688
39, 633, 778
40, 988, 725
31. 788, 253
38. 459, 807
122, 716, 183
122, 945, 161
76, 746, 507
103, 824, 437
78, 935, 924
62, 343, 536
48, 445, 404
37, 817, 180
24, 680, 001
33, 283, 729
88, 604, 694
38, 882, 458
31, 446, 895
18, 451, 660
26, 648, 873
23, 698, 775
39, 677, 896
12, 277, 652
25, 422, 000
10, 792. 000
14, 872, 744
680, 300
1, 523, 708, 639
$6, 422, 728
5, 626, 998
5,414,431
4, 991, 879
5, 033, 685
4, 589, 646
3, 926, 932
4, 906, 651
4, 138, 368
3, 240, 423
15, 659, 858
15, 788, 796
10, 224, 671
19, 294, 004
11,911,041
11,213,315
8, 789, 921
6, 797, 692
9, 907, 444
5, 921, 972
19, 558, 591
9, 226, 316
5, 072, 494
3, 372, 392
6, 438, 986
4, 466, 027
7, 922, 657
2.911,369
3, 425, 572
2, 006, 833
2, 935, 261
619, 841
231, 756, 794
$3. 310, 948
2, 782, 825
2, 790, 600
2, 638, 061
2, 606, 501
2, 725, 994
2, 119, 258
2, 554, 685
2, 278, 971
1, 770, 108
9. 736. 051
9,653,316
6, 765, 452
14, 328, 502
8, 528, 899
7, 552, 345
6, 687, 333
5, 200, 954
8, 674, 639
4, 480, 918
15, 820. 850
7. 009, 812
3, 746, 551
2, 683, 496
5, 065, 509
3, 251, 145
6, 537. 299
2, 278, 701
2, 474, 866
1, 626, 165
2, 558, 664
592, 913
160, 832, 331
$3,111,780
2, 844, 173
2, 623, 831
2, 353, 818
2, 427, 184
1, 863, 652
1, 807, 674
2, 351, 966
1, 859, 397
1, 470, 315
5, 923, 807
6, 135, 480
3, 459, 219
4, 965, 502
3, 382, 142
3, 660, 970
2, 102, 588
1, 596, 738
1, 232, 805
1, 441, 054
3, 737, 741
2, 216, 504
1, 325, 943
688, 896
1, 373, 477
1, 214, 882
1, 385, 358
632, 668
950, 706
380, 668
376, 597
26, 928
70,924,463
' Includes wholly and partially tax-exempt obligations.
RETURNS ON FORM 1040 WITH NO NET INCOME (INDIVIDUAL RETURNS)
As noted on page 1, the general tables for individual returns in
the Statistics of Income do not include data for returns which show no
net income. Such returns are filed in accordance with the statutory-
requirements that every individual with gross income of $5,000 and
over, irrespective of the amount of net income or deficit, file an
income-tax return. Tabulations prepared from these returns by
deficit classes and by sources of income and deductions are shown
below. The distribution of the returns by States and Territories
and more detailed tabulation of the sources of income and deductions
by net deficit classes are shown in basic tables 10 and 11, page 125.
STATISTICS OF INCOME
19
Individual returns for 1931 on form 1040 with no net income, by deficit classes,
showing number of returns, deficit, and totals for 1928 to 19S0
Deficit classes (thousands of dollars)
Number
of returns
Deficit
124, 405
24, 653
20, 656
8,222
4,012
1,124
1,000
305
135
71
$200, 064, 910
5-10
174, 454, 039
10-25 -
321,512,811
25-50
286, 605, 306
50-100
276, 706, 740
100-150 -
136, 457, 852
150-300 . -
205, 540, 770
300-500 -
114,307,250
500-1,000 ... -
92, 728, 919
1,000 and over - -
128, 499, 794
Total
184, 583
1, 936, 878, 391
Total for 1930
144, 867
92, 545
72, 829
1, 539, 452, 396
1929
1, 025, 130, 372
1928
499, 213, 372
Individual returns for 1931 on form IO4O ivith no net income, showing sources of
income and deductions ^
Sources of income and deductions
Income:
Wages and salaries
Business
Partnership
Profit from sale of real estate, stocks, bonds, etc., including capital net gain from sale of
assets held more than 2 years —
Rents and royalties
Interest on Government obligations not wholly exempt from tax
Dividends on stock of domestic corporations
Fiduciary
Interest and other income
Total income
Deductions:
Taxes paid other than Federal income tax
Contributions _
Net loss from sale of real estate, stocks, bonds, etc., including capital net loss from sale
of assets held more than 2 years
Net loss from business and partnership
All other --
Total deductions
Deficit
$305, 683, 527
73, 186, 108
47,754,118
29, 572, 923
117, 058, 775
5, 138, 342
485,616,310
29, 438, 071
206,301,822
1, 299, 749, 996
197, 132, 968
25, 628, 972
1, 818, 724, 412
590, 123, 110
605, 018, 925
3, 236, 628, 387
1, 936, 878, 391
• For explanations, see pp. 1-4.
NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUAL
RETURNS)
The statistics on number of individual income tax returns filed for
1931 segregated by counties, by cities, and by townships having a
population of 1,000 and over in the 1930 census have been omitted.
In the Statistics of Income for 1930 these data were in basic table 11,
on pages 139 to 205, and the text explanation was on pages 18 and 19.
Copies of a mimeographed bulletin showing these figures for the cal-
endar year 1931 may be secured from the Bureau of Internal Kevenue
upon request.
20 STATISTICS OF INCOME
PARTNERSHIP RETURNS OF INCOME
Partnership returns, except for the war excess-profits tax of 1917,
are not subject to direct assessments — the income being reported by the
individual copartners according to their shares whether distributed or
not. A special return of information concerning iacome is, however,
required from partnerships on form 1065.
The number of partnership returns filed for 1917 to 1931, inclusive,
is as follows:
Year — Number
1917 31,701
1918 100,728
1919 175,898
1920 240,767
1921 259,359
1922 287,959
1923 304,996
1924 321,158
Year — Number
1925 309,414
1926 295,425
1927 282,841
1928 272,127
1929 263,519
1930 244,670
1931 230,407
CORPORATION INCOME-TAX RETURNS
The number of income-tax returns filed by corporations for 1931
was 516,404, as against 518,736 for 1930. Of the total number of
returns for 1931, 175,898 showed net income, 283,806 no net income,
and 56,700 no iacome data. The returns filed included 8,495 con-
solidated returns for groups of aflBhated corporations, of which 2,698
showed net income and 5,797 showed no net income. The aggregate
net income of all returns showing net income was $3,683,367,774 and
the tax liability, $398,993,703. The aggregate net income of con-
soUdated returns of afiiliated corporations was $1,846,305,490 and
the tax habiUty, $216,547,370.
Separate tabulations for fiscal-year returns (not ending December)
and for fractional (part) year returns, shown on pages 36-37, make
it possible to segregate data for calendar year accountiQg periods
and for other accounting periods. In addition, separate tabulations
of data from consohdated returns are shown on pages 34-35,
from which the significance of this form of return can be appraised.
Consohdated returns represent the composite return of affiliated
corporations filing under the provisions of the income-tax law, which
authorize such groups of corporations to submit a consohdated
uicome-tax return of the combined income, deductions, and tax for
the affiliated concerns,
DISTRIBUTION BY MAJOR INDUSTRIAL GROUPS OF NUMBER OF RETURNS,
INCOME, AND TAX (CORPORATION RETURNS)
The table immediately following shows the returns of corporations
distributed by major industrial groups and segregated according to
"Returns showing net income," "Returns showing no net income,"
and "Returns showing no income data — inactive corporations."
Basic table 12 (pp. 128-129) shows the returns distributed by States
STATISTICS OF INCOME
21
and Territories and likewise by those with net iacome, no net income,
and no income data (inactive corporations).
In analyzing the data compiled from returns classified under
"Finance — banking, insurance, real estate, stock and bond brokers,
etc.," allowance should be made for the two special deductions from
gross income permitted life insurance companies. These special
deductions totaling $683,000,000 represent (1) 4 percent of the mean
of the reserve funds and (2) 2 percent of the reserve held for deferred
dividends. (See pars. (2) and (4) of subdivision (a) of sec. 203 of
the Revenue Act of 1928 and T.D. 4231.) In basic table 13
(pp. 130-141) the special deductions for life insurance companies are
included in "Miscellaneous deductions " under "Statutory deductions."
Corporation returns for 1931 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross
income, deductions, net income or deficit, net loss for prior year, income tax and
percentages; also number and percent of returns of inactive corporations ^
Industrial groups
Total
number
of returns
Returns showing net income
Number
Percent
of total
Gross income '
Deductions '
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food products, including beverages—
Tobacco products
Textiles and their products. .-
Leather and its manufactures
Rubber products
Forest products ,
Paper, pulp, and products
Printing, publishing, and allied indus-
tries -.-
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classi-
fied
Total manufacturing-.
Construction
Transportation and other public utilities
Trade
Service — professional, amusements, hotels,
etc
Finance — banking, insurance, real estate,
stock and bond brokers, etc
Nature of business not given
Grand total ,
11,014
17, 580
14, 632
379
14, 655
2,294
552
6,954
2,086
11, 822
7,265
4,418
19,700
8,352
93,109
19, 806
23, 715
136, 520
42, 406
152, 920
19, 334
516, 404
2,546
3,832
23.12
21.80
$215, 096, 488
732, 719, 766
$201, 094, 028
661, 565, 490
6,466
155
4,875
754
174
1,525
832
4,593
2,797
1,149
4,744
2,206
44.19
40.90
33.27
32.87
31.52
21.93
39.88
38.85
38.50
26.01
24.08
26.41
5, 365, 953, 798
1, 086, 321, 217
2, 132, 182. 250
545, 388, 354
401, 314, 408
332, 941, 918
632, 926, 856
1, 285, 284, 931
3, 371, 395, 354
483, 372, 778
4, 652, 190, 850
685, 135, 933
5, 039, 044, 182
943, 827, 400
2, 054, 352, 598
515, 297, 373
387, 310, 799
317, 975, 816
595, 454, 786
1, 169,
3, 119,
441,
4, 296,
490, 388
902, 365
689, 353
969, 630
628, 474, 472
30, 270
32.51
20, 974, 408, 647
19, 509, 789, 162
6,457
10, 933
46, 049
15, 637
59, 129
1,045
32.60
46.10
33.73
36.87
38.67
5.41
1, 213, 234, 483
6, 800, 951, 273
16, 109, 401, 833
1, 698, 876, 738
4, 293, 851, 811
12, 493, 965
1, 132,
5, 898,
15, 649,
535, 083
316, 211
366, 991
1, 580, 952, 008
3, 723,
10.
349, 811
698,446
175, 898
34.06
52, 051, 035, 004
48, 367, 667, 230
' For general explanations, see pp. 1-4.
' Includes cost of goods sold. (See p. 3.)
22
STATISTICS OF INCOME
Corporation returns for 1931 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross
income, deductions, net income or deficit, net loss for prior year, income tax and
percentages; also number and percent of returns of inactive corporations — Con.
Returns showing net income— Continued
Industrial groups
Net income
Net loss for
prior year
Income tax
Amount
Percent
of net
income
Percent
of total
tax
Agriculture and related industries
Mining and quarrying..
$14, 002, 460
71, 154, 276
$1, 379, 582
6, 251, 290
$1, 200, 953
7,211,196
8.58
10.13
0.30
1.81
Manufacturing:
Food products, including beverages-..
Tobacco products
326, 909, 616
142, 493, 817
77, 829, 652
30, 090, 981
14, 003, 609
14, 966, 102
37, 472, 070
115, 794, 543
251, 492, 989
41, 683, 425
355, 221, 220
56, 661, 461
11, 632, 095
112, 338
10, 208, 857
1, 291, 126
2, 390, 773
1, 536, 901
966, 553
2, 421, 479
4, 773, 907
1, 710, 117
10, 645, 640
2, 264, 947
36, 822, 896
17, 065, 733
7, 351, 407
3, 340, 320
1, 370, 991
1, 378, 896
4, 238, 528
12, 894, 666
29, 409, 024
4, 614, 203
40, 623, 565
6, 201, 187
11.26
11.98
9.45
11.10
9.79
9.21
11.31
11.14
11.69
11.07
11.44
10.94
9.23
4.28
Textiles and their products
1.84
Leather and its manufactures
.84
Rubber products
.34
Forest products
.35
Paper, pulp, and products
1.06
Printing, publishing, and allied in-
dustries
3.23
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
7.37
1.16
10.18
Manufacturing not elsewhere classi-
fied
1.55
Total manufacturing ..
1, 464, 619, 485
49, 954, 733
165, 311, 416
11.29
41.43
Construction
80, 699, 400
902, 635, 062
460, 034, 842
117,924,730
570, 502, 000
1, 795, 519
8, 999, 131
10, 786, 723
19, 179, 617
6, 946, 755
32, 425, 391
81, 638
7, 624, 541
105, 585, 318
45, 708, 136
11, 080, 584
55, 166, 196
105, 363
9.45
11.70
9.94
9.40
9.67
5.87
1.91
Transportation and other public utilities-
Trade...
26.46
11.46
Service— professional, amusements, hotels,
etc
2.78
Finance— banking, insurance, real estate,
stock and bond brokers, etc .
13.82
Nature of business not given
.03
Grand total
3, 683, 367, 774
136, 004, 760
398,993,703
10.83
100.00
STATISTICS OF INCOME
23
Corporation returns for 19S1 by major industrial groups, showing for returns with
net income and no net income, number of returns and percent of total, gross in-
come, deductions, net income or deficit, net loss for prior year, income tax and
percentages; also number and percent of returns of inactive corporations — Con.
Industrial groups
Returns showing no net income
Returns show-
ing no income
data — inactive
corporations
Num-
ber
Percent
of total
Gross income ^
Deductions ^
Deficit
Num-
ber
Percent
of total
Agriculture and related
7,354
8,291
66.77
47.16
$276,868,270
1, 496, 570, 969
$375, 646, 125
1, 822, 533, 963
$98, 777, 855
325,962,994
1,114
5,457
10.11
Mining and quarrying
31.04
Manufacturing:
Food products, in-
cluding beverages.—
Tobacco products
Textiles and their
products
7,524
211
9,503
1,487
361
5,150
1,200
6,810
4,047
3,076
14,174
5,272
51.42
55.67
64.84
64.82
65.40
74.06
57.53
57.60
55.71
69.62
71.95
63.12
3, 988, 705, 490
97, 515, 284
3, 168, 902, 126
564, 469, 045
415, 317, 429
1, 014, 898, 080
639, 142, 100
1, 000, 179, 055
3, 952, 977, 111
558, 053, 618
6, 861, 806, 293
796,916,665
4, 192, 183, 576
103, 121, 693
3, 511, 438, 869
629,206,302
453, 471, 497
1, 214, 036, 573
692, 917, 799
1, 077, 980, 577
4,271,841,422
637, 224, 522
7, 622, 757, 638
940, 291, 203
203, 478, 086
5, 606, 409
342, 536, 743
64, 737, 257
38, 154, 068
199, 138, 493
53, 775, 699
77, 801, 522
318, 864, 311
79, 170, 904
760, 951, 345
143, 374, 538
642
13
277
53
17
279
54
419
421
193
782
874
4.39
3.43
1.89
Leather and its man-
2.31
Rubber products
Forest products
Paper, pulp, and
products
3.08
4.01
2.59
Printing, publishing,
and allied indus-
tries
3.54
Chemicals and allied
products.-- --
5 79
Stone, clay, and glass
products -
4.37
Metal and its prod-
ucts
3 97
Manufacturing not
elsewhere classified -
10.47
Total manufactur-
ing
58, 815
63.17
23, 058, 882, 296
25, 346, 471, 671
2, 287, 589, 375
4,024
4.32
Construction
11, 675
10, 622
86, 799
22, 588
75, 434
2,228
58.95
44.79
63.58
53.27
49.33
11.52
1, 022, 317, 556
6, 584, 845, 277
14, 484, 043, 755
1, 980, 348, 063
6, 535, 973, 916
24, 353, 931
1, 133, 365, 161
7, 190, 093, 889
15, 509, 475, 229
2, 221, 636, 528
3 8,792,816,560
43, 077, 563
111,047,605
605, 248, 612
1, 025, 431, 474
241, 288, 465
2, 256, 842, 644
18, 723, 632
1,674
2,160
3,672
4,181
18, 357
16, 061
8 45
Transportation and other
public utilities,.-
9.11
Trade -
2 69
Service— professional,
amusements, hotels, etc.
Finance— banking, insur-
ance, real estate, stock
and bond brokers, etc.—
Nature of business not
given
9.86
12.00
83 07
Grand total ..
283,806
54.96
55, 464, 204, 033
62, 435, 116, 689
6, 970, 912, 656
56,700
10 98
2 Includes cost of goods sold. (See p. 3.)
3 Includes special nonexpense deductions of life insurance companies. (See p. 21.)
24
STATISTICS OF INCOME
DISTRIBUTION.BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS)
The following table of corporation returns, distributed by net
income and deficit classes, shows the number of returns, net income
or deficit, tax, and percentages; also the number of returns filed for
inactive corporations showing no income data :
Corporation returns for 1931, by net income and deficit classes, showing number of
returns, net income or deficit, tax, and percentages
Returns showing net income
Net income classes
(Thousands of dollars)
Returns
Net income
Tax
Number
Percent
Amount
Percent
Amount
Percent
Under 1
70, 168
31, 702
24, 312
9,703
5,481
12, 813
5,321
3,301
2,440
4,450
2,755
1,941
729
373
321
88
39. 89
18.02
13.82
5.52
3.12
7.28
3.03
1.88
1.39
2.53
1.57
1.10
.41
.21
.18
.05
$27, 836, 104
46, 328, 242
60, 781, 731
33, 282, 497
24, 518, 853
90, 197, 872
65, 292, 089
57, 080, 219
54, 847, 179
157,445,419
192, 197, 760
296, 252, 023
252, 021, 220
265, 231, 610
647, 196, 669
1, 412, 858, 287
0.76
1.26
1.65
.90
.67
2.45
1.77
1.55
1.49
4.27
5.22
8.04
6.84
7.20
17.57
38.36
$106, 758
188,991
178, 773
542,994
863, 974
5, 433, 071
5, 160, 721
5, 019, 508
5, 165, 397
16, 999, 632
21, 470, 123
33, 297, 754
29, 059, 616
30,206,118
75, 821, 494
169, 478, 779
0.03
1-2 -
.05
2-3
.04
3-4
.14
4-5
.22
5-10
1.36
10-15 -
1.29
15-20
1.26
20-25
1.29
25-50
4.26
50-100
5.38
100-250 - -
8.35
250-500
7.28
500-1,000
7.67
1,000-5,000
19.00
42.48
Total -
175, 898
100.00
3, 683, 367, 774
100. 00
398, 993, 703
100.00
1
liars)
Returns showing no net income
Deficit classe
(Thousands of dc
Returns
Deficit
Number
Percent
Amount
Percent
Under 1 — - --
78, 046
38, 373
26, 027
19,280
14, 529
40, 090
18, 464
10, 613
6,688
15, 219
7,971
6,167
1,620
884
712
123
27.60
13.62
9.17
6.79
5.12
14.13
6.51
3.74
2.36
5.36
2.81
1.82
.57
.31
.25
.04
$30, 363, 077
66, 375, 945
64,451,449
67, 070, 014
65, 097, 636
284, 961, 379
226, 091, 293
183, 749, 830
149, 584, 283
532, 652, 979
556, 143, 291
794, 445, 630
662, 614, 090
613, 928, 303
1, 416, 923, 365
1, 367, 460, 292
0.44
1-2 -
.81
2-3 .
.92
3-4
.96
4-5
.93
5-10 -.- -
4.09
10-15 -
3.24
15-20
2.64
20-25
2.15
25-60 ---
7.64
50-100
7.96
100-250 - ---
11.40
250-500
8.07
500-1 000 - - -
8.81
1,000-5,000
20.33
5,(X)0 and over -
19.61
Total
283, 806
66, 700
100.00
6,970,912,656
100.00
Returns showing no income data— ii
aactive cor
STATISTICS OF INCOME
25
NET LOSS FOR PRIOR YEAR (CORPORATION RETURNS)
The net loss during a given taxable year in a trade or business
regularly carried on by the taxpayer, as specifically defined in the
Revenue Acts of 1921 to 1928, inclusive, is allowed as a deduction in
computing the net income of the taxpayer for the two succeeding
taxable years. If such net loss is in excess of the net income (com-
puted without such deduction), for that year, the amount of the
excess may be carried over and allowed as a deduction in computing
the net income for the next succeeding taxable year. Under the
Revenue Act of 1932 net losses for 1931 only are allowed as deduc-
tions in computing net income of the taxpayer for 1932.
The excess net losses being of prior origin are not included in the
tabulated current year deductions in arriving at the tabulated net
income figure. Only the reported ''Net loss for prior year," which
is taken as a deduction, is tabulated; the excess loss carried to sub-
sequent years is not tabulated.
"Net loss for prior year" reported and effective as a deduction in
determining net income in the corporation returns for 1922 to 1931,
inclusive, is given below:
Year —
1922 $501,780,287
1923 578,307,088
1924 219,727,166
1925 243,078,565
1926 235,851,012
Year —
1927 $244,293,375
1928 301, 146, 176
1929 392,177,216
1930 157,880,249
1931 136,004,760
AMOUNT OF NET INCOME EXEMPT FROM AND SUBJECT TO TAX (CORPORATION
RETURNS)
Under the Revenue Act of 1928, corporation net income subject to
tax is reduced by a credit of $3,000 allowed corporations with net
income of $25,000 or less. For corporations with net income in
excess of $25,000 but not in excess of $25,360, the method of com-
puting the tax, as provided for in the revenue act, affords a variable
amount of credit, but in every case less than $3,000. Under the
Revenue Act of 1932 no such credit is allowed. A deduction for
"Net loss for prior year" from net income for the current year is
permitted. The net income reported, also the net income not sub-
ject to and the amount subject to tax in corporation returns for 1931,
are shown below:
Net income $3, 683, 367, 774
Net income not subject to tax:
Net loss for prior year. $136, 004, 760
Specific credit of $3,000 for corporations
with net income not in excess of $25,000
and a variable amount for net income in
excess of $25,000 but not in excess of
$25,360 (estimated on the basis of capital-
izing tax liability) i 232, 505, 235
Estimated total of net income not subject to tax.
368, 509, 996
Estimated net income subject to tax (estimated on the
basis of capitalizing tax liability) 3, 314, 857, 779
1 The figures were obtained Tjy capitalizing the tax liability on all calendar year returns on the basis of
12 percent. For fiscal and part year returns the tax liability was capitalized partly on the basis of 12 percent
and partly on the basis of 13% percent for returns not consolidated, and partly on the basis of 12 percent and
partly on the basis of Hyz percent for consolidated returns, in proportion to the distribution of income under
the respective rates. The total obtained by this process of capitalization represents the total net taxable
income. The diflerence between the total net income and the sum of the prior year losses and the net tax-
able income represents the amount of the specific credit allowed corporations.
26
STATISTICS OF INCOME
INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OF
THE UNITED STATES (CORPORATION RETURNS)
The amounts reported for tax credit by corporations for income
and profits taxes paid foreign countries or possessions of the United
States are shown below for the years 1925 to 1931, inclusive. These
amounts are tax credits and have not been deducted from the figures
on tax shown in the tables in this report.
Income and profits taxes paid foreign countries — Corporation returns for 1926 to 19S1
Year: Amount
i925 $20,139,995
1926 21,653,994
1927 24,236,955
1928 32,487,634
Year: Amount
1929 $35,221,708
1930 29,138,867
1931 18,975,743
DIVIDENDS PAID (CORPORATION RETURNS)
The amounts of cash and stock dividends paid on the capital stock
of domestic corporations other than life insurance companies, as
reported m the corporation income tax returns for 1931, are cash
dividends, $6,151,082,782, and stock dividends, $163,530,417. These
payments represent a reduction from 1930 of 25 percent for cash
dividends and of 61 percent for stock dividends.
In basic table 12 (pp. 128-129) are shown for 1931 by States,
the dividend payments reported on returns showing net income
and no net income; in basic table 13 (pp. 130-141) are shown the
dividend payments for 1931 by major industrial groups, and corpora-
tions reporting net income and no net income; and in basic table 16
(pp. 154-159) the same data are shown for returns by size of total
assets. Total dividends distributed by corporations for the years 1922
to 1931, inclusive, are shown below:
Cash and stock dividends paid by corporations, other than life insurance companies,
corporation returns for 1922 to 1931
Year
Aggregate
Returns sliowing net income
Returns showing no net
income
Cash
Stock
Cash
Stock
Cash
Stock
dividends
dividends
dividends
dividends
dividends
dividends
1922
$3, 436, 715, 104
$3, 348, 049, 865
$3,182,869,985
$3, 166, 915, 574
$253,845,119
$181,134,291
1923
4,169,117,678
891, 285, 583
3, 820, 619, 642
787, 167, 102
348, 498, 036
104,118,481
1924
4, 338, 822, 858
510, 525, 809
3, 994, 990, 754
466, 820, 095
343, 832, 104
43, 705, 714
1925
5, 189, 474, 507
544, 431, 367
4,817,301,320
502, 489, 520
372, 173, 187
41,941,847
1926
5,945,292,657
757,649,610
5, 530, 210, 586
716,219,451
415, 082, 071
41, 430, 159
19271
6, 423, 176, 206
702, 501, 245
5, 785, 475, 573
642, 177, 901
637, 700, 633
60, 323, 344
1928
7, 073, 723, 451
550, 128, 426
6,585,169,181
509, 852, 997
488, 554, 270
40, 275, 429
1929
8, 355, 661, 745
1, 288, 642, 553
7,841,802,135
1,193,896,039
513, 859, 610
94, 746, 514
1930
8,202,241,110
414, 180, 425
6,841,049,900
250, 499, 351
1, 361, 191, 210
163,681,074
1931
6,151,082,782
163, 530, 417
3,871,879,782
77, 886, 901
2,279, 203 000
85, 643, 516
Revised figures.
STATISTICS OF INCOME 27
COMPILED RECEIPTS AND STATUTORY DEDUCTIONS (CORPORATION RETURNS)
In the table on page 28 there appears a summary of the analysis of
compiled receipts and statutory deductions for 459,704 returns of
active corporations, classified by corporations submitting and not
submitting balance sheets. The same analysis in aggregate for all
active corporations without segregation as to corporations submitting
and not submitting balance sheets, is presented in basic table 13
(pp. 130-141), by major industrial groups, by returns showing net
income and no net income.
Compiled receipts consist of reported taxable income Igross sales,
gross profits other than amounts tabulated as gross sales, interest
received, rents received, profits from sale of capital assets (real estate,
stocks, bonds, etc.), and other items of taxable income grouped as
"Miscellaneous receipts"! and nontaxable income items ofj major
importance (dividends received on capital stock of domestic corpora-
tions and interest on Federal, State, and municipal bonds).
Statutory deductions consist of such items as cost of goods sold,
compensation of officers, interest paid, taxes paid other than income
tax, bad debts, depreciation and depletion, loss from the sale of
capital assets (real estate, stocks, bonds, etc.), and items not classi-
fied grouped as "Miscellaneous deductions."
The amount tabulated as "Cost of goods sold" includes salaries
and wages only when shown specifically in item 2 (c) on the face of
the return (see form 1120, p. 220). Salaries and wages which may be
allocable to item 2 (c) but which were reported elsewhere on the
return were tabulated as "Miscellaneous deductions."
Table 13 also shows the compiled net profit (or compiled net
deficit), statutory net income or deficit, net loss for prior year, income
tax, and compiled net profit after deducting tax. Compiled net
profit is the excess of compiled receipts over statutory deductions, and
compiled net deficit is the excess of statutory deductions over compiled
receipts. Part 1 of this basic table shows the aggregate data for all
returns; part 2, for returns showing net income; and part 3, for
returns showing no net income.
For statement of compiled receipts and statutory deductions for
all corporations submitting balance sheets distributed by major
industrial groups and by returns showing net income and no net
income, see Table 13, pages 130-141, and Table 15, pages 148-153.
In using data by the industrial classification contained in basic
table 14, the peculiarities with respect to income tax returns which
prevent a pure industrial classification, as outlined on page 4, should
be borne in mind.
177160—34-
28
STATISTICS OF INCOME
Corporation returns for 1931 showing number of returns, compiled receipts, and
statutory deductions, net deficit, statutory net income less deficit, tax, and dividends
paid, by corporations submitting and not submitting balance sheets
Number of returns
Receipts, taxable income:
Gross sales ■
Gross profit other than tabulated as gross sales —
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 2
Total compiled receipts ^
Statutory deductions:
Cost of goods sold
Compensation of officers .-_
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net deficit
Statutory net income less statutory net deficit.- -
Net loss for prior year
Income tax
Compiled net deficit plus income tax -
Cash dividends paid
Stock dividends paid. ---
All returns
Total
$75, 494,
21, 944,
4, 122,
2, 250,
298,
1, 435,
1,969,
541,
311, 176
798, 421
118, 104
568, 295
636, 457
577, 684
228, 900
713,319
108, 056, 952, 356
58, 773,
2, 697,
4, 491,
2, 230,
1, 182,
4, 002,
267,
1, 702,
33, 484,
772, 870
903, 669
885, 082
730, 732
659, 132
508, 225
726, 342
283, 334
085, 633
108, 833, 555, 019
776, 602, 663
* 3, 287, 544, 882
136, 004, 769
398, 993, 703
1, 175, 596, 366
6, 151, 082, 782
163, 530, 417
Corporations
submitting
balance sheets
381, 088
$73, 783, 421, 180
21, 205, 514, 192
4, 024, 339, 261
2, 110, 292, 316
283, 515, 787
1, 393, 162, 736
1,904,511,261
533, 288, 672
105, 238, 045, 405
57, 374,
2, 573,
4, 368,
2, 172,
1, 152,
3, 932,
260,
1, 538,
32, 350,
479, 875
817, 733
927, 402
449, 766
675, 982
791, 981
565, 867
527, 386
912, 990
105, 725, 148, 982
487, 103, 577
* 2, 924, 903, 510
129, 775, 528
392, 855, 001
879, 958, 578
6, 092, 337, 422
161, 818, 309
Corporations
not submitting
balance sheets
78, 616
$1, 710, 889, 996
739, 284, 229
97, 778, 843
140, 275, 979
15, 120, 670
42, 414, 948
64, 717, 639
8, 424, 647
2, 818, 906, 95'
1, 399, 292, 995
124, 085, 936
122, 957, 680
58, 280, 966
29, 983, 150
69, 716, 244
7, 160, 475
163, 755, 948
1, 133, 172, 643
3, 108, 406, 037
289, 499, 086
* 362, 641, 372
6, 229, 232
6, 138, 702
295, 637, 788
58, 745, 360
1, 712, 108
1 For "Cost of goods sold" see "Statutory deductions."
2 Includes obligations of States and Territories or minor political subdivisions, securities issued under the
Federal Farm Loan Act, and obligations of the United States or its possessions.
3 Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.) , but not gross receipts from
these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in Schedule L of the return.
* Excess of statutory net deficit over statutory net income.
ASSETS AND LIABILITIES (CORPORATION RETURNS)
In the table on page 30 are shown for 381,088 corporation returns
out of 459,704 returns of active corporations, a summary statement of
the principal assets and liabilities as of December 31, 1931, or at the
close of the fiscal year nearest thereto; also a tabulation by net income
and deficit classes showing the number of returns and the number of
balance sheets tabulated. Returns reporting balance sheet data of a
fragmentary nature have not been included with those returns report-
ing balance sheets. The difference between the number of balance
sheets tabulated and the number of returns is due to the returns for
which data for assets and liabilities are not reported or are incompletely
reported. In basic table 15 (pp. 148-153) the same data are shown
by major industrial groups. This table also includes, for the first tirne,
all items of compiled receipts and statutory deductions for those active
corporations wliich submitted balance sheets. For descriptive state-
ment of compiled receipts and statutory deductions, see page 27.
STATISTICS OF INCOME 29
In using the data by industrial groups the pecuHarities vrith. respect
to income-tax returns which prevent a pure industrial classification^
as outlined on page 4, should be borne in niind.
The follo^^ing changes in classification of data affect the compar-
ability of asset and liability data over a period of years: Prior to
1929, "Investments other than tax-exempt" were not segregated
from "Miscellaneous assets not distributed." Prior to 1930, stocks,
bonds other than tax-exempt, loans, mortgages, etc., owned by life
insurance companies were classified as "Miscellaneous assets not
distributed " and beginning ^^dth 1930 as "Investments other than tax-
exempt." Moreover, the returns of corporations become more com-
plete each year mth respect to the definite allocation of their forms
of assets, thus steadily decreasing the proportion tabulated as "Mis-
cellaneous assets not distributed" as well as causing certain shifts as
between the principal forms of assets and liabilities. Shifts have been
noted between years particularl}^ under "Liabihties" in the amounts
reported as "Common stock" and " Preferred stock " due to variations
in reporting these data. For balance sheets in which conmion and
preferred stock are not reported separately, the combined amount is
tabulated as "Common stock." For balance sheets ^vith no par
stock and not reporting capital stock value, the net worth is tabulated
under "Surplus and undivided profits."
Items not other\\-ise distributed are classified as "Miscellane-
ous assets" and "Miscellaneous habihties, " among which are the
following :
Miscellaneous assets. — Copyrights; formulas; good^^^ll; patents;
trade marks; sinking funds; other funds; deferred charges; organiza-
tion expenses; prepaid and suspense items; interest, discount, coupons,
and dividends receivable; guaranty deposits, and deposits on con-
tracts, meters, and leaseholds; cash value of life insurance. Mis-
cellaneous assets of life insurance companies include market value of
real estate and bonds in excess of book value; interest, rents, and
premiums due; agents' balances.
Miscellaneous liabilities. — All reserves other than surplus and re-
serves for depletion, depreciation, and bad debts; deferred and sus-
pense items; funds held in trust; borrowed secmities; discount and
dividends payable; outstanding coupons and certificates; overdrafts.
Miscellaneous liabihties of life insurance companies include the net
value of outstanding pohcies and securities and borrowed money.
Miscellaneous liabihties of banks include deposits (time, saving,,
demand, etc.) and bank notes in circulation.
30
STATISTICS OF INCOME
Assets and liabilities of corporations submitting, balance sheets for 1931, by returns
with net income and no net income, showing major items of assets and liabilities
as of Dec. 31, 1931, or at the close of the fiscal year nearest thereto
Assets and liabilities
Aggregate
Returns
showing net
income
Returns
showing no net
income
Assets:
Cash (in till and deposits in banks).. ...
$15, 880, 250, 424
48, 667, 198, 950
15,139,932,949
10, 667, 192, 003
74, 305, 333, 068
115,302,698,636
16,534,423,114
$6, 473, 314, 629
19, 242, 510, 936
5,605,381,763
4, 519, 660, 429
33, 447, 786, 038
45, 687, 523, 089
6, 748, 756, 283
$9, 406, 935, 795
29, 424, 688, 014
9, 534, 551, 186
6, 147, 531, 574
40,857,547,030
69, 615, 175, 547
9,785,666,831
Notes receivable and accounts receivable (less
reserve for bad debts)
Inventory...
Tax-exempt investments— Obligations of States
and Territories or political subdivisions; securi-
ties issued under the Federal Farm Loan Act
and obligations of the United States or its pos-
sessions
Investments other than tax-exempt— Stocks,
bonds, mortgages, loans, real estate, etc
Capital assets — Real estate, buildings, equip-
ment, etc. (less depreciation)
Miscellaneous assets not distributed
Total assets
296, 497, 029, 144
121, 724, 933, 167
174,772,095,977
Liabilities:
Notes and accounts payable
23, 251, 397, 209
48, 100, 960, 533
81, 881, 780, 792
19,116,829,448
79, 793, 726, 842
8, 070, 190, 517
16, 129, 660, 896
36, 861, 734, 909
7, 379, 974, 418
30,617,059,714
15, 181, 206, 692
Bonded debt and mortgages . .
31 971 399 637
Miscellaneous liabilities not distributed..
45, 020, 045, 883
Capital stock:
Preferred..
11,736,855,030
Common
49, 176, 667, 128
98, 910, 556, 290
37, 997, 034, 132
60, 913, 522, 158
Surplus ---.. --.-
51, 976, 381, 220
7, 624, 046, 900
23, 407, 211, 701
740, 798, 988
28, 569, 169, 519
Less deficit -
6, 883, 247, 912
Net surplus
44, 352, 334, 320
22, 666, 412, 713
21, 685, 921, 607
Total liabilities.
296, 497, 029, 144
121, 724, 933, 167
174, 772, 095, 977
Number of corporation returns filed for 1931 and number of balance sheets tabulated
by net income and deficit classes
Net income and deficit classes
(Thousands of dollars)
Returns showing net income
Number of
returns
Number of
balance
sheets
Percent of
balance
sheets to
returns
Returns showing no net income
Number of
returns
Number of
balance
sheets
Percent of
balance
sheets to
returns
Under 1..
1-2
2-3
3-4.
4-5
6-10.
10-15
15-20
20-25.
25-50-
60-100..
100-250
260-500..
600-1,000
1,000-5,000
5,000 and over.
Total
Returns with no income data-
Inactive corporations.
70, 168
31, 702
24,312
9,703
5,481
12, 813
5,321
3,301
2,440
4,450
2,765
1,941
729
373
321
50, 470
25, 184
20, 556
8,847
5,089
12, 110
5,091
3,185
2,350
4,304
2,666
1,873
703
361
318
71.93
79.44
84.55
91.18
92.85
94.51
95.68
96.49
96.31
96.72
96.77
96.50
96. 43
96.78
99.07
100. 00
78, 046
38, 373
26, 027
19, 280
14, 529
40, 090
18, 464
10,613
6,688
15, 219
7,971
5,167
1, 620
884
712
123
56, 608
31,367
22, 062
16, 678
12, 769
35, 890
16,912
9,824
6,244
14, 134
7,442
4,840
1,520
817
672
114
175, 898
143, 195
81.41
283, 806
56, 700
237, 893
72.53
81.74
84.77
86.50
87.89
89.52
91.69
92.67
93.36
92.87
93.36
93.67
93.83
92.42
94.38
92.68
83.82
STATISTICS OF INCOME 31
ASSETS AND LIABILITIES AND COMPILED RECEIPTS AND STATUTORY DEDUC-
TIONS BY SIZE OF TOTAL ASSETS (CORPORATION RETURNS)
In this report there appear for the first time tables showing assets
and habihties and compiled receipts and statutory deductions for
identical corporations distributed on the basis of size of total assets.
These data are compiled from 381,088 returns filed by corporations
that submitted balance sheets. The difference between this number
and 459,704 returns of active corporations represents returns of active
corporations that did not submit balance sheets, or for which balance
sheet data were of a fragmentary nature.
Data in corporation income-tax returns were classified by size of
total assets in order to provide a combined income and capital
statement of corporate data according to a measure of size. While
there may be considerable difference of opinion as to wiiether total
assets is the best basis on which to distribute the data, it is the most
practical basis available from the point of view of the tabulation
problems presented. In connection with the classification of corpora-
tion data by size of total assets, attention is directed to the fact that
the balance sheet form "Schedule K" of the corporation income-tax
return (reprinted on p. 221) provides, in the reporting of assets,
that reserves for depreciation of capital assets be deducted from the
gross amount of capital assets and also that reserves for bad debts
be deducted from the gross amount of accounts receivable.
The following table summarizes certain major items for identical
corporations, by total assets classes, including number of returns,
total assets, total compiled receipts and compiled net profit or deficit
for all returns, and for returns with net income and no net income.
In basic table 16 (pp. 154-159) are shown in greater detail the prin-
cipal assets and liabilities as of December 31, 1931, or at the close of
the fiscal year nearest thereto, and the principal items of compiled
receipts and statutory deductions. In basic table 17 (pp. 160-177)
are shown by major industrial groups and total assets classes selected
items of assets and liabilities as of December 31, 1931, or at close of
fiscal year nearest thereto, selected items of receipts, compiled net
profit or deficit, statutory net income or deficit, and cash dividends
paid. For descriptive statement of assets and liabilities see pages
28-29, and of compiled receipts and statutory deductions, see
page 27.
32
ST7»TISTICS OF INCOME
Returns of corporations submitting balance sheets for 1931 by total assets classes
and by returns with net income and no net income, showing number of returns, total
assets, total compiled receipts, compiled net profit or deficit, and statutory net
income or deficit for all returns
Total assets classes
(Thousands of dollars)
Number
of
returns
Total assets-
total liabil-
ities
Total compiled
receipts '
Compiled net
profit or
deficit 2
Statutory net
income or
deficit
All returns
Under 50
50-100
100-250
250-500
600-1,000
1,000-5,000
5,000-10,000
10,000-50,000...
50,000 and over
Total
Undergo
50-100.. _.
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000...
50,000 and over
Total....
'Under 50
.50-100
100-250
250-500
.500-1,000
1,000-5,000
5,000-10,000.-.-
10,000-50,000---
50,000 and over.
Total
381, 088
82, 447
$3, 702,
61, 144
4, 366,
63, 428
10, 072,
31,052
10, 929,
19, 335
13, 530,
18, 345
37, 955,
2,588
17, 965,
2,117
43, 167,
632
154, 807,
782, 652
549, 220
144, 750
624, 087
865, 353
406, 821
175, 160
196, 848
284, 253
296, 497, 029, 144
$6, 952, 452, 152
5,398,110,750
8, 803, 033, 994
7, 209, 547, 545
7, 078, 794, 449
14, 595, 017, 084
5, 588, 462, 603
13, 365, 145, 098
36, 247, 481, 730
105, 238, 045, 405
3 $412,
3 213,
3339,
3 250,
3 252,
3 538,
3 137,
335,
1,694,
166, 477
618, 806
694, 007
998, 131
271, 733
925, 893
776, 313
825, 194
172, 977
3 487, 103, 577
3 $417, 755, 377
3 219, 421, 097
3 361,461,851
3 289, 846, 684
3 311,086,726
3 788, 670, 243
3 281, 192, 875
3 434, 551, 749
179, 083, 092
3 2, 924, 903, 510
Returns showing net income
65, 564
24, 297
25, 649
12, 120
7,130
6,403
926
841
265
143, 195
$1, 395,
1,734,
4, 063,
4, 269,
4,971,
13,212,
6,421,
17,456,
68, 200, 956, 941
113,992
364, 724
385, 067
437, 251
871, 497
122, 253
671, 584
121, 724, 933, 167
$2, 895, 855, 333
2, 479, 303, 202
4, 205, 686, 154
3, 476, 964, 586
3,267,118,028
6, 886, 608, 707
2,784,823,311
6, 693, 745, 882
18, 297, 137, 557
50, 987, 242, 760
$108, 373, 696
90, 401. 919
179, 735, 437
184, 751, 106
206, 182, 282
539, 904, 845
287, 310, 382
740, 503, 055
2, 305, 040, 867
4,642,203,589
$106, 761, 790
88, 262, 402
171, 962, 598
171,477,918
185, 746, 928
466, 778, 061
244, 785, 368
586, 640, 749
1, 573, 142, 272
3, 595, 558, 086
Returns showing no net income
116,883
36, 847
37, 779
18, 932
12, 205
11,942
1,662
1,276
367
237, 893
$2, 307,
2, 632,
6, 008,
6, 660,
8, 558,
24, 743,
11,543,
25, 711,
86, 606,
668, 660
184, 496
759, 683
186, 836
993, 856
284, 568
503, 576
186, 990
327, 312
174, 772, 095, 977
$4, 056,
2,918,
4, 597,
3, 732,
3,811,
7, 708,
2, 803,
6,671,
17, 950,
596, 819
807, 548
347, 840
582, 959
676, 421
408, 377
639, 292
399, 216
344, 173
54, 250, 802, 645
3 $520,
3 304,
3519,
3435,
3 458,
1,078,
3425,
3 776,
3 610,
540, 173
020, 725
429, 444
749, 237
454, 015
830, 738
086, 695
328, 249
867, 890
3 5, 129, 307, 166
3 $524,
3307,
3533,
3 461,
3 496,
3 1, 255,
3 525,
3 1,021,
3 1, 394,
517, 167
683, 499
424, 449
324, 602
833, 654
448, 304
978, 243
192, 498
059. 180
3 6, 520, 461, 596
• Include net profit from sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts from
these items. Excludes nontaxable income, other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in Schedule L of the return.
2 Compiled net profit or deficit is total compiled receipts less statutoiy deductions.
3 Deficit.
REVISED ITEMS IN ASSETS AND LIABILITIES, CORPORATION RETURNS. STATISTICS
OF INCOME FOR 1927
On page 28 of the 1930 Statistics of Income, the statement con-
cerning revised items for 1927 found in table 19 under "Summary
for preceding years" should read as follows: "The net change for
1927 is $3,000,000,000, which was erroneously included in the item
of "Miscellaneous liabilities not distributed" and should have been
included in "Bonded debt and mortgages."
REVISED ITEMS IN RECEIPTS AND DEDUCTIONS, CORPORATION RETURNS,
STATISTICS OF INCOME FOR 1930
In the Statistics of Income for 1930, tables 12, 14, and 21, and 16,
for all returns and for returns with net income, in the State of New
York, the industrial group "Manufacturing — Chemicals and allied
products" and the subgroup "Petroleum and other mineral oil refin-
STATISTICS OF INCOME 33
ing," respectively, the following revision of the published figures is
made:
"Gross sales" and "Cost of goods'' are decreased by $1,440,000,000;
"Miscellaneous receipts" and "Miscellaneous deductions" are de-
creased by $810,000,000; and "Total compiled receipts," "Gross in-
come," and "Statutory deductions" are decreased by $2,250,000,000.
REVISED NUMBER OF CONSOLIDATED RETURNS OF CORPORATIONS. STATISTICS
OF INCOME FOR 1930
On pages 29 and 30 of Statistics of Income for 1930, the total num-
ber of consolidated returns filed by concerns classified as "Manu-
facturing— Stone, clay, and glass products" is shown as 136 and the
number of those showing no net income is given as 65. Due to
incorrect industrial classification of certain returns, these figures were
understated and should be 147 and 76, respectively. Incorrect
classification also obtained with respect to the number of consolidated
returns filed by concerns classified as "Finance — Banking, insurance,
real estate, stock and bond brokers, etc.," and the total number of
returns is erroneously shown as 1,982, and the number of returns
showing no net income as 1,161, whereas these figures should have
been 1,971 and 1,150, respectively. The financial data reported on
these returns are relatively unimportant and have little effect upon
the totals of the several financial items appearing for each of the
industrial groups concerned. Consequently, the revision which
should be made due to the errors referred to has not been carried
through for any item other than number of returns.
CONSOLIDATED RETURNS (CORPORATION RETURNS)
There were 8,495 consolidated income-tax returns filed for 1931
for affiliated corporations, as against 8,951 for 1930. As provided
by section 141 (d). Revenue Act of 1928, applicable to the taxable
year 1929 and subsequent taxable years, a consolidated return may
be filed where one or more chains of corporations are connected
through stock ownership with a common parent corporation, at least
95 percent of the stock of each of the corporations (except the
common parent) being owned directly by one or more of the other
corporations, and the common parent corporation owning directly
at least 95 percent of the stock of at least one of the other cor-
porations. Of the consolidated returns for 1931, 2,698 showed net
income aggregating $1,846,305,490. The number of consolidated
returns filed was about 1.65 percent of all corporation returns.
However, the net income reported in consolidated returns was 50.13
percent of the net income of all returns showing net income, and
the tax 54.27 percent of the total tax for all corporations.
Presented below are tables prepared from the consolidated returns
showing the returns distributed by major industrial groups, by net
income and deficit classes, .and by number of subsidiaries. In inter-
preting the data contained in these tables it is essential to note that
the industrial classification is based on the predominant business of
the afiSiliated corporations for which the consolidated return is filed.
If it were possible to segregate the income of the subsidiary or affiliated
concerns, the data for such concerns might fall in industrial divisions
other than the ones in which they are here included. Attention is
also directed to the fact that the data for consolidated returns are
included in the general tables of corporation income throughout
this report.
34
STATISTICS OF INCOME
Consolidated corporation returns for 1931 by major industrial grou-ps, shoiving total
number of returns, number with net income and no net income, gross income, nel
income or deficit, net loss for -prior year, and income tax i
Industrial groups
Total
number
of re-
turns
Consolidated returns showing net income
Num-
ber
Gross income 2
Net income
Net loss for
prior year
Income tax
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food products, including
beverages
Tobacco products
Textiles and their products-
Leather and its manufac-
tures
Rubber products
Forest products
Paper, pulp, and products...
Printing, publishing, and al-
lied industries
Chemicals and allied prod-
ucts
Stone, clay, and glass prod-
ucts
Metal and its products
Manufacturing not elsewhere
classified
Total manufacturing
Construction
Transportation and other public
utilities
Trade
Service— professional, amuse-
ments, hotels, etc
Finance — banking, insurance,
real estate, and "holding compa-
nies, stock and bond brokers,
etc
Nature of business not given
Grand total
100
469
27
101
$106, 502, 522
323, 593, 301
$4, 854, 841
19, 350, 946
$24, 613
1, 402, 006
$579, 062
2, 146, 305
431
20
365
41
253
257
382
145
795
212
208
9
95
26
10
30
33
130
184
38
203
49
3, 382, 655, 214
351, 920, 284
421, 964, 657
263, 993, 875
336, 487, 682
50, 033, 105
144, 840, 755
384, 155, 657
2, 404, 867, 990
232, 419, 999
3, 119, 706, 562
239, 199, 607
216, 071, 103
37, 149, 795
23, 757, 593
21,313,612
9, 773, 335
2, 670, 521
7, 646, 495
28, 969, 981
161, 372, 074
21, 868, 715
256, 253, 991
26, 954, 042
6, 670, 140
2, 340, 436
230, 666
2, 048, 024
230, 904
267, 042
703, 562
1, 561, 576
683, 549
4, 361, 002
184, 934
25, 190, 839
4, 457, 475
2, 563, 969
2, 528, 682
926, 677
288, 000
883, 233
3, 379, 448
19, 170, 556
2, 539, 089
30, 242, 906
3, 215, 757
3,093
1,015
11, 332, 245, 387
182
774
1,445
526
73
311
453
197
521
123, 975, 549
5, 551, 924, 832
5, 452, 650, 459
477, 085, 601
707, 884, 169
19, 281, 835
95, 386, 530
32, 882, 578
76, 387, 597
1, 137, 858
5, 351, 587
2, 578, 892
2, 199, 710
934, 818
79, 589, 471
26, 243, 330
3, 666, 407
8, 001, 447
8,495
24, 075, 861, 820
1, 846, 305, 490
41, 130, 980
216, 547, 370
Industrial groups
Consolidated returns showing no net
income
Number Gross income 2
Deficit
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food products, including beverages
Tobacco products
Textiles and their products
Leather and its manufactures
Rubber products
Forest products
Paper, pulp, and products
Printing, publishing, and allied industries
Chemicals and allied products
Stone, clay, and glass products
Metal and its products
Manufacturing not elsewhere classified.
Total manufacturing
Construction
Transportation and other public utilities
Trade
Service— professional, amusements, hotels, etc
Finance- banking, insurance, real estate, stock and bond brok
ers, etc
Nature of bu.siness not given
Grand total
73
368
$55, 657, 196
1, 032, 577, 679
$10, 744, 120
167, 071, 394
223
11
270
70
31
223
63
127
198
107
592
163
2, 709,
62,
817,
225,
337,
352,
313,
405,
3, 398,
241,
4, 444,
326,
565, 814
008, 126
482, 595
773, 838
698, 015
191,165
140, 858
823, 743
887, 398
275, 879
239, 071
477, 530
92, 707, 513
3, 136, 170
94, 846, 600
27, 778, 775
27, 354, 931
59, 520, 869
24, 624, 596
20, 813, 968
260, 205, 775
20, 940, 788
389, 355, 024
66, 783, 708
13,634,564,032
1,(
8,717
109
463
992
329
1,374
11
211,572,510
5, 818, 149, 550
2, 992, 728, 226
783, 921, 277
1, 639, 024, 173
60, 447
14, 584, 719
475, 940, 712
179, 321, 305
59,323,112
507, 837, 612
153, 839
5,797
26, 168, 255, 090
2, 503, 045, 530
' For general explanations, see p. 1-4.
' Gross income corresponds to total income as reported on face of the return, plus cost of goods sold.
STATISTICS OF INCOME
35
Consolidated corporation returns for 1931 by net income and deficit classes, showing
number of returns, net income or deficit, and income tax
Net income and deficit classes
Returns showing net
income
Returns showing no
net income
(Thousands of dollars)
Number
Net income
Income tax
Number
Deficit
Under 1 --
148
134
144
83
64
229
163
111
110
288
290
314
214
158
177
71
$62, 255
199, 932
360, 793
290, 092
293, 707
1, 696, 476
2, 010, 616
1, 926, 454
2, 493, 100
10, 409, 038
21,015,613
50, 876, 914
76, 688, 300
115,713,877
377, 701, 227
1, 184, 567, 096
$376
619
103
9,342
8,588
90, 270
127, 472
144, 542
211,434
1, 016, 194
2, 187, 297
5, 278, 563
8, 678, 741
13, 019, 636
43, 856, 498
141,917,695
212
146
111
129
124
392
374
271
216
784
772
922
514
371
366
93
$95, 483
1-2
219, 091
2-3
274, 776
3-4 ..
448, 487
4-5
567, 318
5-10
2, 916, 303
10-15
4, 657, 482
15-20 -
4, 775, 748
20-25
4, 955, 341
25-50
28, 938, 582
50-100
56, 857, 314
100-250
150, 996, 893
250-500
183, 418, 501
500-1,000
265, 309, 630
1,000-5,000
773, 073, 485
5,000 and over
1,025,541,096
Total
2,698
1, 846, 305, 490
216, 647, 370
5,797
2, 503, 045, 530
Consolidated corporation returns for 1931, by number of subsidiaries, showing
number of consolidated returns and total number of subsidiaries
Number of
subsidiaries
per return
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Num-
Total
ber of
number
consol-
of sub-
idated
sidia-
returns
ries
4,596
4,596
1,399
2,798
722
2,166
385
1,540
259
1,295
182
1,092
150
1,050
91
728
87
783
62
620
38
418
47
564
39
507
33
462
19
285
23
368
20
340
22
396
21
399
17
340
22
462
6
132
7
161
11
264
5
125
6
156
4
108
10
280
3
87
10
300
7
217
4
128
4
132
6
204
Number of
subsidiaries
per return
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
58
59
62
64
65
66
67
68
71
73
75
76
77
Num-
Total
ber of
number
consol-
of sub-
idated
sidia-
returns
ries
1
35
4
144
5
185
3
114
4
156
4
160
2
82
3
126
2
86
1
44
2
90
1
46
1
47
4
192
3
147
3
150
2
102
2
104
1
53
1
54
3
165
2
116
1
59
1
62
1
64
2
130
1
66
1
67
1
68
2
142
1
73
2
150
1
76
2
154
Number of
subsidiaries
per return
82
83
84
87
90
91
93
95
98
99
104
111
118
120
121
127
131
133
147
189
206
208
246
250
278
297
Number of sub-
sidiaries not
reported —
estimated
average, 3
Total
Num-
ber of
consol-
idated
returns
78
Total
number
of sub-
sidia-
ries
82
83
168
174
90
182
93
95
98
99
104
222
118
120
121
127
131
133
147
189
206
208
246
250
278
297
234
31,307
FISCAL-YEAR RETURNS (CORPORATION RETURNS)
Fiscal-year returns are filed on form 1120-A by corporations whose
fiscal year is other than the calendar year. These returns are included
in the general tables of corporation income throughout this report.
36
STATISTICS OF INCOME
The tabulations include all fiscal-year returns that were received by
the statistical section prior to the termination of the tabulation of the
remaining Statistics of Income data.
Corporation fiscal-year returns for 1931 showing by month ending the fiscal year,
the total number of retxirns, number with net income and no net income, amount of
net income or deficit, net loss for prior year, and income tax
Fiscal year ended—
Total
number
of returns
Returns sliowing net income
Returns showing no
net income
Number
Net income
Net loss for
prior year
Income tax
Number
Deficit
July 1931 --
3,905
4,060
4,508
4,325
4,162
6,781
4,129
5,672
5,245
5,548
11,173
1,647
1,693
1,900
1,746
1,646
1,958
1,417
1,984
1,715
1,741
3,061
$24, 270, 924
40, 845, 115
33, 684, 583
32, 514, 002
45, 169, 169
41, 844, 541
59, 993, 380
24, 098, 602
22, 864, 826
24, 048, 642
61, 228, 765
$3, 231, 190
1, 943, 404
2, 950, 439
5, 439, 821
3,217,815
1,262,559
1, 027, 643
1,455,121
1, 316, 742
1, 547, 757
2, 244, 696
$2, 244, 414
4, 366, 288
3, 339, 184
2, 931, 294
4, 743, 975
4, 547, 930
6, 893, 907
2, 531, 631
2, 503, 822
2, 709, 175
7, 353, 795
2,258
2,367
2,608
2,579
2,516
4,823
2,712
3,688
3,530
3,807
8,112
$44, 999, 024
57, 142, 663
August 1931
September 1931
October 1931
99, 812, 211
92, 087, 176
106, 014, 025
142, 264, 256
November 1931
January 1932
February 1932
March 1932
63, 313, 942
86, 920, 227
79, 591, 726
April 1932
May 1932
93,411,853
June 1932
209, 396, 975
Total
59, 508
20, 508
410, 662, 549
25, 637, 187
44, 165, 415
39, 000
1, 074, 954, 078
Corporation fiscal-year returns for 1931, by net income and deficit classes, showing
number of returns, net income or deficit, and income tax
Net income and deficit classes
(Thousands of dollars)
Returns showing net income
Number
Net income
Income tax
Retiu-ns showing no
net income
Number
Deficit
Under 1
1-2
2-3
3-4
4-5
6-10
10-15
15-20
20-25 -
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000---
6,000 and over
Total...
7,150
3,460
2,759
1,272
760
1,790
793
496
355
701
452
318
100
56
38
$2, 950, 708
5, 061, 595
6, 924, 174
4, 378, 226
3,401,701
12, 660, 296
9, 805, 923
8, 572, 052
7, 987, 208
24, 584, 795
31,851,960
48, 910, 084
33,813,881
40, 413, 610
75, 497, 766
93, 748, 570
$65, 461
104, 031
117,896
126,310
151,896
855, 737
797, 351
767, 387
774, 563
2, 640, 929
3, 513, 006
5, 567, 348
3, 909, 542
4, 632, 430
8, 467, 200
11,674,328
8,691
4,953
3,441
2,608
1,980
5,843
2,903
1,732
1,119
2,690
1,475
995
290
152
113
15
$3, 622, 475
7, 268, 909
8, 533, 900
9, 068, 087
8, 912, 135
41, 808, 154
35, 686, 125
30, 054, 767
25, 010, 653
94, 540, 154
102, 224, 050
151, 640, 749
99, 897, 261
105, 034, 935
228, 586, 633
123, 065, 091
20, 508
410, 562, 549
44,165,415
39, 000
1, 074, 954, 078
PART-YEAR RETURNS (CORPORATION RETURNS)
The returns filed by corporations showing income for less than 12
months represent reorganizations, consolidations, disintegrations,
newly organized businesses, liquidating corporations, and changes
from calendar year to fiscal year basis, or vice versa, and are also
included in the general corporation income tables in this report.
The part-year returns in this report represent those in which the
greater part of the income period was in 1931.
STATISTICS OF INCOME
37
Corporation part-year returns for 1931
Total number of returns 31, 440
Returns showing net income:
Number 12, 364
Net income $46, 650, 450
Net loss for prior year $3, 674, 259
Income tax $3, 615, 779
Returns showing no net income:
Number 19, 076
Deficit $255, 226, 709
HISTORICAL SUMMARIES
A resume of the income-tax returns for each of the years since the
inception of the present period of income taxation, showing for indi-
vidual returns the number, net income, and tax by net income classes
and the sources of income and deductions, and for corporation returns
the number, net income, deficit, and tax; also the distribution of
corporation returns by net income and deficit classes for the years
1928 to 1931 and for corporations submitting balance sheets the major
items of assets and liabilities for the years 1926 to 1931 is shown in
the following tables.
Individual returns by States and Territories for the years 1921 to
1931, showing number, net income, and tax, are tabulated as a section
of table 9, pages 75-124.
Corporation returns distributed by States and Territories for the
years 1922 to 1931 are shown in table 19, pages 183-193, for corporations
reporting net income and no net income, by number, net income,
deficit, and tax; also number of returns for inactive corporations.
Similar data and gross income are shown by major industrial groups
for the years 1922 to 1931 in table 18, pages 178-182.
Individual returns for 1913 to 1931, showing number of returns, net income, tax
before tax credits, tax credits, and tax >
[Money figures in thousands of dollars]
Number of returns
Year
Total
Taxable
Nontax-
able
Percent of total
Net income
Tax-
able
Non-
taxable
1913
357, 598
357, 515
336, 652
437, 036
3, 472, 890
4,425,114
5, 332, 760
7, 259. 944
6, 662, 176
6, 787, 481
7, 698, 321
7, 369, 788
4,171,051
4, 138, 092
4, 101, 547
4, 070, 851
4, 044, 327
3, 707, 509
3, 225, 924
3, 900. 000
4, 000, 000
4, 600, 000
6 298 578
1914
1915
1916
362, 970
2, 707, 234
3, 392, 863
4, 231, 181
5,518,310
3, 589, 985
3,681,249
4, 270, 121
4, 489, 698
2, 501, 166
2, 470. 990
2, 440, 941
2, 523, 063
2, 458, 049
2, 037, 645
1, 525, 546
74, 066
765, 656
1, 032, 251
1, 101, 579
1, 741, 634
3, 072, 191
3, 106, 232
3, 428, 200
2, 880, 090
1, 669, 885
1, 667, 102
1, 660, 606
1, 547, 788
1, 586, 278
1, 669, 864
1, 700, 378
83
78
77
79
76
54
54
55
61
60
60
59
61
61
55
47
17
22
23
21
24
46
46
45
39
40
40
41
39
39
45
53
1917 _
13, 652, 383
15, 924, 639
19, 859, 491
23 735 629
1918
1919
1920
1921
19' 577' 213
1922
21, 336, 213
24, 777, 466
25, 656, 153
21 894 576
1923.
1924
1925
1926
21 958 506
1927
22, 545, 091
26, 226, 327
24, 800, 736
18 118 635
1928
1929
1930
1931.-.
13,604,996
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 198-203. Returns for 1913 pertain to the last 10 months of that year;
taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as
shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, addi-
tional assessments, etc.; 1916 and subsequent years' tax is amount reported on returns.
38
STATISTICS OF INCOME
Individual returns for 1913 to 1931, showing number of returns, net income, tax
before tax credits, tax credits, and tax — Continued
[Money figures in thousands of dollars]
Tax before tax credits
Tax credits
Year
Normal
tax
Surtax
Tax on
capital
net gain,
121^ per-
cent
Total
25 per-
cent of
tax on
earned
net in-
come
12}^ per-
cent on
capital
net loss
from sale
of assets
held
more
than 2
years
Total
Tax
1913
12, 729
16, 559
23, 996
51,441
156, 897
476, 433
468, 105
478, 250
308, 059
355, 410
378, 388
257, 795
216, 360
200, 599
215,817
281, 895
162, 332
129, 475
82, 302
15, 525
24, 487
43, 948
121, 946
433, 346
651, 289
801, 525
596, 804
411,327
474, 581
464, 918
437, 541
432, 853
448, 330
511,731
688, 825
582, 393
316,816
186, 078
28, 254
41,046
67,944
173, 387
2 795, 381
1, 127, 722
1, 269, 630
1, 075, 054
719, 387
861, 057
882, 222
743, 939
766, 784
761, 440
861, 582
1,204,170
1, 029, 379
511,713
287, 803
28, 254
41 046
1914
1915
67, 944
173, 387
2 795, 381
1, 127, 722
1, 269, 630
1, 075, 054
719, 387
1916
1917
1918
1919.
1920
1921...
1922
31, 066
38,916
48, 603
117, 571
112, 510
134, 034
233, 451
284, 654
65, 422
19, 423
861, 057
1923
3 220, 555
39, 673
32, 229
28, 969
30, 943
39,916
27, 441
34, 998
41, 676
661 666
1924
30, 637
24, 570
24, 647
24,915
34, 790
22, 062
24, 886
17, 491
9,036
7,659
4,322
6,028
5,126
5,378
10, 112
24, 185
704, 265
734, 555
732 471
1925
1926
1927
830, 639
1, 164, 254
1928
1929
1,001,938
476, 715
1930...
1931
246, 127
2 Includes war excess-profits taxes of $101,249,781 on individuals and of $103,887,984 on partnerships.
> 25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924.
Number of individual returns for 1914 to 1931 by net income classes
Net income classes (thousands of
dollars)
1914
1915
1916
1917
1918
1919
Under 1.
1-2 ...
1, 640, 758
838, 707
560 763
270, 666
112,502
30 391
12, 439
3, 302
2,347
559
315
141
1, 516, 938
1, 496, 878
932, 336
319, 356
116,569
28, 542
9,996
2, .358
1,514
382
178
67
1, 924, 872
2-3
1, 569, 741
3-5 .
149, 279
127. 448
58, 603
14, 676
5,161
1,189
769
216
114
60
127, 994
120,402
60, 284
17, 301
6,847
1,793
1,326
376
209
120
157, 149
150 553
80, 880
23, 734
10 452
2.900
2,437
714
376
206
1, 180 488
5-10 ...
438, 851
10-25
162, 485
25-50
37, 477
60-100
13, 320
100-150
2,983
150-300 . .
1,864
300-500
425
500-1,000
189
1,000 and over
65
Total
357, 515
336, 652
2 429, 401
3,472,890
4, 425, 114
6, 332, 760
> Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
i ndividuals are summarized on pp. 198-203. The returns for 1913 are omitted, as they pertain only to the
last 10 months of that year.
2 Excludes 7,035 returns of married women made separate from returns of husbands. In 1916 the net
income on returns filed separately by husband and wife is combined and the total appears as one return.
In all other years the returns of married women filed separately are included in their individual income
classes independently of the husband's income.
STATISTICS OF INCOME 39
Number of individual returns for 1914 to 1931 by net income classes — Continued
Net income classes (thousands of
dollars)
1920
1921
1922
1923
1924
1925
Under 1
401, 849
2, 440, 544
2, 222, 031
1, 072, 146
353, 247
132, 344
28, 946
8,717
1,367
739
162
63
21
402, 076
2, 471, 181
2,129,898
1,190,115
391, 373
151,329
35, 478
12, 000
2,171
1,323
309
161
67
368, 502
2, 523, 150
2, 472, 641
1, 719, 625
387, 842
170, 095
39, 832
12, 452
2,339
1,301
327
141
74
344, 876
2, 413, 881
2,112,993
1, 800, 900
437, 330
191,216
47, 061
15, 816
3,065
1,876
457
242
75
98, 178
1-2
2, 671, 950
2, 569, 316
1, 337, 116
455, 442
171,830
38, 548
12, 093
2,191
1,063
239
123
33
1, 071, 992
2-3
842, 528
3-5.-
1, 327, 683
5-10
503, 652
10-25
236, 779
25-50 -
59, 721
60-100.
20, 958
100-150
4,759
150-300 .
3,223
300-500
892
500-1,000
479
1,000 and over. . . .
207
Total
7, 259, 944
6, 662, 176
6, 787, 481
7, 698, 321
7, 369, 788
4,171,051
Net income classes (thousands of
dollars)
1926
1927
1928
1929
1930
1931
Underl
119,513
1, 045, 519
837, 792
1, 240, 400
560, 549
246,730
57, 487
20, 520
4,724
3,267
892
468
231
126, 745
996, 098
855, 762
1, 209, 345
567, 700
252, 079
60, 123
22, 573
5,261
3,873
1,141
557
290
111,123
918, 447
837, 781
1, 192, 613
628, 766
270, 889
68, 048
27, 207
7,049
5,678
1,756
983
511
126, 172
903, 082
810, 347
1, 172, 655
658, 039
271, 464
63, 689
24, 073
6,376
5,310
1,641
976
513
150, 000
909, 155
767, 684
1, 070, 239
550, 977
198, 762
40, 845
13, 645
3,111
2,071
552
318
150
185,391
1-2
862, 153
2-3 . - .
675, 019
3-5
912, 630
5-10
417, 655
10-25
137, 754
25-50 . . - -
24, 308
50-100
7,830
100-150
1,634
150-300
1,056
300-500
268
600-1,000
149
1,000 and over
77
Total
4, 138, 092
4, 101, 547
4, 070, 851
4, 044, 327
3, 707, 509
3, 225, 924
Net income in individual returns for 1916 to 1931 by net income classes i
[Money figures and net income classes in thousands of dollars]
Net income classes
1916
1917
1918
1919
1920
1921
1922
Under 1..
213,850
3, 620, 762
5, 325, 931
4, 054, 891
2, 378, 759
1, 958, 156
979, 629
582, 230
163, 521
145, 948
61, 343
42, 780
49,411
247, 564
1-2- .
2,461,137
2, 064, 977
2, 115, 865
1, 827, 508
1, 687, 166
2, 232, 355
3, 626, 825
3, 535, 219
2, 145, 690
1 736. 54S
2,829,113
3, 807, 286
4, 513, 264
2, 954, 137
2,412,276
1, 277, 365
896, 497
358, 393
371, 149
159, 071
128, 290
152, 650
4, 050, 067
6, 184, 543
5, 039, 607
3, 068, 331
2, 547, 905
1, 307, 785
810, 386
265,512
215,139
89, 314
79, 963
77, 078
3, 630, 571
2-3
5, 153, 497
3-5
624, 669
1,037,248
1, 235, 016
822, 662
722, 795
357, 355
505, 859
271, 938
. 256,771
464, 264
4, 500, 558
2, 641, 905
5-10
10-25-- -
2, 255, 872
25-50. .
1, 042, 320 978, 043
846, 894 679. 721
1, 208, 274
50-100
805 224
100-150
400, 492
474, 652
209, 905
214, 631
306, 836
284, 107
305, 025
144, 545
119,076
137, 487
260, 204
150-300
266, 814
300-500- -
116,672
500-1,000
107,671
141, 387
1,000 and over
Total
6, 298, 578
13, 652, 383
15, 924, 639
19, 859, 491
23, 735, 629
19, 577, 213
21, 336, 213
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns o f
individuals are summarized on pp. 198-203. Data for returns of net income under $5,000 estimated on
basis of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following
years.
40
STATISTICS OF INCOME
Net income in individual returns Jor 1916 to 1931 by net income classes — Continued
[Money figures and net income classes in thousands of dollars]
Net income classes
1923
1924
1925
1926
1927
1928
Under 1 -
1-2
2-3
3-5
5-10
10-25
25-50
-50-100
100-150
150-300
300-500.
600-1,000
1,000 and over
Total...
252, 513
3, 693, 642
6, 073, 444
6, 469, 195
2, 653, 026
2, 538, 079
1, 350, 680
833, 898
280, 656
260, 584
124, 569
95, 107
152, 072
235, 452
3, 564, 474
5, 277, 147
6, 827, 924
2, 991, 188
2, 855, 397
1, 599, 848
1, 066, 784
377, 645
374, 609
171, 249
158, 462
155, 974
58, 306
1, 774, 602
2, 047, 970
5, 236, 003
3, 463, 852
3, 544, 898
2, 032, 239
1, 418, 948
572, 860
655, 300
339, 774
327, 368
422, 457
67, 238
1, 747, 917
2, 042, 903
4, 872, 789
3, 838, 953
3, 660, 622
1, 954, 653
1, 389, 339
570, 190
661,412
340, 214
317,881
494, 394
72, 231
1, 645, 576
2, 062, 275
4, 700, 816
3, 895, 759
3, 748, 058
2, 051, 771
1, 535, 387
636, 019
787, 270
431, 122
378, 167
600, 641
24,777,466
25, 656, 153
21, 894, 576
21, 958, 506
22, 545, 091
64, 535
1, 526, 832
2, 030, 901
4, 648, 098
4, 282, 520
4, 037, 853
2, 326, 503
1, 857, 878
850, 451
1, 157, 131
663, 900
670, 862
1, 108, 863
25, 226, 327
Net income classes
1929
1930
1931
Under 1
73, 742
1, 499, 908
1, 958, 595
4, 572, 596
4, 481, 576
4, 025, 233
2, 174, 458
1, 646, 476
770, 536
1, 087, 410
628, 229
669, 878
1, 212, 099
86, 892
1, 494, 526
1, 864, 162
4, 151, 967
3, 723, 763
2, 922, 750
1, 383, 619
919, 040
374, 171
419,016
207, 131
211, 693
359, 905
106, 622
1-2
1, 399, 430
2-3 -
1, 641, 594
3-5
3,515,716
6-10
2, 807, 001
10-25
2, 006, 721
25-50 - ---
820, 648
50-100 --
528, 049
100-150 -.-
196, 598
150-300 - -
212, 059
300-500
102, 186
500-1,000 ..
102, 311
1,000 and over
166, 060
Total
24, 800, 736
18,118,635
13, 604, 996
Tax in individual returns for 1916 to 1931 by net income classes ^
[Money figures and net income classes in thousands of dollars]
Net income classes
1916
1917
1918
1919
1920
1921
1922
1923
Under 1
174
29, 161
20, 712
42, 744
68, 871
126, 886
112,910
115,712
52, 330
61, 496
31, 860
25, 112
31, 420
247
27, 081
20, 730
47, 533
70, 388
123, 576
125, 697
144,093
71,337
98, 810
43, 488
38, 559
49, 518
317
1-2
16, 244
9,097
18, 283
44, 066
80, 695
76, 593
85, 028
55, 766
86, 718
50, 228
69, 349
109, 425
26, 482
35, 415
82, 929
93, 058
142, 449
130, 241
147, 429
95, 680
136, 156
79, 165
69, 834
88, 885
24, 696
28, 258
75,915
91, 538
164, 833
154, 946
186, 358
118, 705
163, 095
86, 031
76, 228
99, 027
36, 860
45, 508
83, 496
97, 886
172, 259
154, 265
163, 718
86, 588
92, 604
47, 043
45, 641
49, 185
18, 253
2-3
16, 606
3-5
776
6,301
11,637
11, 603
16, 299
12,423
24,007
17, 951
20, 902
51, 487
46,048
5-10
54, 075
10-25
103, 109
25-50
103, 601
60-100
108, 879
100-150 -
55, 719
150-300
62, 104
300-500
31, 669
600-1,000 -
25, 498
1,000 and over
35, 788
Total
173, 387
691, 493
1, 127, 722
1, 269, 630
1, 075, 054
719, 387
861, 057
661, 666
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 198-203. Data for returns of net income under $5,000 estimated on basis
of sample for 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and following
years.
STATISTICS OF INCOME
41
Tax in individual returns for 1916 to 1931 by net income classes — Continued
[Money figures and net income classes in thousands of dollars]
Net income
classes
1924
1925
1926
1927
1928
1929
1930
1931
Under 1
146
10, 432
10, 207
26, 865
28, 828
78, 069
109, 360
136, 636
75, 678
92, 481
45, 771
42, 585
47, 207
69
1,704
3,809
8,326
19, 149
74, 172
120, 689
147, 843
79, 472
103, 059
55, 722
53, 674
66, 867
56
1,761
4,217
7,245
20, 272
72, 465
112,797
140, 947
77, 900
103, 997
55, 256
53, 665
81, 893
40
1,234
3,970
6,508
20, 665
74, 226
119, 475
156, 675
87, 398
123,776
73, 750
64,265
98, 657
60
1,550
4,317
7,475
22, 896
82, 758
136, 568
194, 447
116,855
182, 514
113,250
116,424
185, 140
17
553
1,404
2,413
9,551
59,893
113,904
160, 814
99, 560
159, 221
97, 336
106, 219
191, 054
37
1,269
3,310
5,352
17, 448
49, 561
72, 708
87, 379
48, 749
62, 463
33, 053
34, 289
61, 098
24
1-2 . .
943
2-3
2,466
3-5
3,832
5-10
12, 407
10-25-
31,897
25-50.
40, 096
50-100 - - .
44, 780
100-150
23, 135
150-300
28, 793
300-500. -.
15,411
500-1,000
15, 457
1,000 and over
26, 886
Total
704, 265
734, 555
732, 471
830, 639
1, 164, 254
1, 001, 938
476, 715
246, 127
Average rate of tax on net income in individual returns for 1916 to 1931, by net
income classes ^
Net income classes
1916
1917 1918
1919
1920
1921
1922
1923
(Thousands of
dollars)
Percent
Under 1
0.08
.81
.39
1.05
2.90
6.48
11.53
19.87
32.00
42.14
61.94
58.70
63.59
0.10
.75
.40
1.06
2.66
6.48
10.40
17.89
27.42
37.03
37.27
35.81
35.02
0 13
1-2
0.66
.44
.86
2.41
4.78
7.34
10.04
13.92
18.27
23.93
27.63
35.65
1.19
.98
2.35
4.34
8.20
13.32
21.69
33.68
44.64
54.77
58.65
64.65
0.87
.74
1.68
3.10
6.83
12.13
20.79
33.12
43.94
54.08
69.42
64.87
0.91
.74
1.66
3.19
6.76
11.80
20.20
32.61
43.04
62.67
57.08
63.81
.49
2-3...
.27
3-5
0.12
.61
.94
1.41
2.25
3.48
4.75
6.60
8.14
11.09
71
5-10
2 04
10-25
4 06
25-50-
7 67
50-100
13 06
100-150
19 85
150-300
23 83
300-500
25 42
500-1,000-.
26.81
1,000 and over...
23.53
All returns
2.75
6.06
7.08
6.39
4.53
3.67
4.04
2.67
Net income classes
1924
1925
1926
1927
1928
1929
1930
1931
(Thousands of
dollars)
Percent
Under 1
0.06
.29
.19
.39
.96
2.73
6.84
12.81
20.04
24.69
26.73
26.87
30.27
0.12
.10
.19
.16
.55
2.09
5.94
10.42
13.87
15.73
16.40
16.39
15.83
0.08
.10
.21
.15
.52
1.98
5.77
10.14
13.66
15.72
16.24
16.88
16.56
0.06
.07
.19
.14
.53
1.98
5.82
10.20
13.74
15.72
17.11
16.99
16.42
0.09
.10
.21
.16
.53
2.05
5 87
10.47
13.74
15.77
17.06
17.35
16.70
0.02
.04
.07
.05
.21
1.49
6.24
9.77
12.92
14.64
15.49
15.86
15.76
0.04
.08
.18
.13
.47
1.70
5.25
9.51
13.03
14.91
15 96
16.20
16.98
0 02
1-2
07
2-3
' 15
3-5
11
5-10
44
10-25-
1 59
25-50 ....
4 89
50-100
8 48
100-150
11 77
150-300
13 58
300-500
15 08
500-1,000 -
15 11
1,000 and over
16.19
All returns
2.74
3.35
3.33
3.68
4.62
4.04
2.63
1.81
1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 198-203. Data for returns of net income under $5,000 estimated, based
on sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated 1928, 1930, and
following years.
42
STATISTICS or INCOME
Sources of income and deductions, individual returns for 1916 to 1931
[Thousands of dollars]
Distribution
1916
1917 2
1918
1919
1920
1921
Income:
Wages and salaries '
Business^
1,851,277
2, 637, 475
3, 648, 438
2, 865, 413
775, 087
318, 171
8, 267, 392
3, 124, 355
1,214,914
291, 186
10, 755, 693
3, 877, 550
1,831,430
999, 364
15, 270, 373
3, 205, 555
1, 701, 229
1, 020, 543
13, 813, 169
2, 366, 319
1 341 186
Partnership s
Profit from sale of real
estate, stocks, bonds, etc.,
other than taxed as cap-
ital net gain from sale of
assets held more than 2
462, 859
Capital net gain from sale
of assets held more than
2 years ' .
Rents and royalties
Interest on Government
obligations not wholly
exempt from tax '
643, 803
684, 343
975, 6S0
1, 019, 094
63, 377
2, 453, 775
1, 047, 424
61, 550
2, 735, 846
1, 177, 958
46, 994
2, 476, 952
Dividends on stock of do-
mestic corporations «
Fiduciary '"
2, 136, 469
379, 795
701, 084
2, 848, 842
2, 468, 749
Interest and other income "-
936, 715
1, 403, 486
1, 437, 402
1, 647, 750
1, 643, 344
Total income
8, 349, 902
12, 077, 009
17, 745, 761
22, 437, 686
26, 690, 270
23, 328, 782
Deductions:
Contributions '^
245, 080
640, 683
387, 290
2, 567, 351
All other
2, 051, 324
1,821,122
2, 578, 194
3, 751, 669
Total deductions
2, 051, 324
885, 763
1,821,122
2, 578, 194
2, 954, 641
3, 751, 569
Net income
6, 298, 578
11,191,246
15, 924, 639
19, 859, 491
23, 735, 629
19, 577, 213
Distribution
1922
1923 13
1924
1925
1926
1927
Income:
Wages and salaries s
Business ^ ...
13, 693, 993
2, 839, 771
1, 427, 127
742, 104
249, 248
1, 224, 929
33, 989
2, 664, 219
257, 928
1 1,738,601
14,195,356
4, 722, 766
1, 676, 409
863, 107
305, 394
1,814,126
43,711
3,119,829
329, 124
2, 177, 771
13, 617, 663
4, 755, 483
1, 810, 014
1, 124, 566
389, 148
2, 009, 716
29, 645
3, 250, 914
310, 144
2, 281, 703
9, 742, 160
3, 688, 804
1, 827, 025
1, 991, 659
940, 569
1.471,332
25, 651
3, 464, 625
305, 806
1, 814, 402
9,994,315
3, 572, 895
1, 732, 581
1, 465, 625
912, 917
1, 450, 760
36, 782
4,011,590
333, 365
1. 936, 604
10, 218, 450
3, 287, 421
1, 755, 145
Partnership ' ._
Profit from sale of real
estate, stocks, bonds, etc.,
other than taxed as cap-
ital net gain from sale of
assets held more than 2
1, 813, 396
Capital net gain from sale
of assets held more than 2
1, 081, 186
Rents and royalties.
Interest on Government
obligations not wholly
exempt from tax 8
Dividends on stock of do-
mestic corporations »
Fiduciary "
1,302,276
47, 479
4, 254, 829
421, 481
Interest other than obliga-
tions wholly or partially
tax-exempt "
/ 1,676,916
I 350, 981
Other income "
24,871,908
29, 2t7, 593
29, 678, 997
25,272,035
25, 447, 436
26, 208, 561
Deductions:
Net loss from sale of real
estate, stocks, bonds, etc.,
other than reported for
tax credit on capital net
loss from sale of assets
178,216
484,205
2, 826, 509
227, 879
Contributions '2
425, 218
3,110,478
6.34, 797
3,935,330
533, 168
3, 389, 675
441,590
2, 935, 868
507, 705
All other -.
2,927,886
3, 535, 696
4, 470, lj27
3, 922, 843
3, 377, 458
3, 488, 930
3,663,470
Net income
21, 336, 213
24, 777, 460
25, 656, 163
21,894,676
21, 958, 506
22,545,091
For footnotes, see p. 45.
STATISTICS OF INCOME
43
Sources of income and deductions, individual returns for 1916 to 1931 — Continued
[Thousands of dollars]
Distribution
1929
1930
Income:
Wages and salaries ^
Business <
Partnership =
Profit from sale of real estate, stocks, bonds, etc.,
other than taxed as capital net gain from sale of
assets held more than 2 years ^
Capital net gain from sale of assets held more than 2
years "
Rents and royalties
Interest on Government obligations not wholly
exempt from tax '
Dividends on stock of domestic corporations '
Fiduciary i"
Interest other than obligations wholly or partially
tax-exempt "
Other income "
Total income-
Deductions:
Net loss from sale of real estate, stocks, bonds, etc.,
other than reported for tax credit on capital net
loss from sale of assets held more than 2 years '*..-
Net loss from business and partnership is
Contributions '^
All other
10, 862, 331
3, 243, 955
1, 929, 520
2, 928, 142
1, 879, 780
1,164,518
40, 553
4, 350, 979
443, 998
1,841,818
302, 040
11,198,979
3, 378, 984
1,853,142
2, 337, 857
2, 346, 704
1,286,072
40, 184
4, 786, 028
508, 479
1, 912, 866
297, 656
9, 921, 952
2, 628, 057
1, 089, 646
636, 738
556, 392
974, 325
38, 134
4, 197, 304
429, 459
1, 608, 434
332, 004
8, 325, 162
1, 889, 759
729, 523
301, 664
169, 949
770, 764
25, 325
3,113,861
369, 140
1, 337, 606
235, 696
28, 987, 625
29, 946, 952
17, 268, 451
Total deductions-
Net income
171, 743
995, 944
532, 886
3, 056, 679
528, 885
3, 621, 388
1,232,776
172, 538
424, 771
2, 463, 726
1, 160, 765
134, 685
328, 300
2, 039, 705
3, 761, 308
5, 146, 217
4, 293, 811
3, 663, 455
25, 226, 327
24, 800, 736
18,118,635
13, 604, 996
Sources of income and deductions, individual returns for 1916 to 1931 of net income
of $5,000 and over i
[Money figures in thousands of dollars]
Distribution
1916
1917
1918
1919
1920
Number of returns
16 272, 252
432, 662
478, 962
657, 659
681 562
Income:
Wages and salaries '
1, 398, 329
2, 386, 905
1, 794, 790
1, 062, 772
581, 708
217, 929
2, 103, 819
1, 148, 297
913, 853
187,406
2,948,006
1, 743, 800
1, 426, 072
677, 284
3, 367, 516
1, 398, 069
1 261 899
Business *
Partnership s.
Profit from sale of real estate, stocks, bonds,
etc., other than taxed as capital net gain
from sale of assets held more than 2 years K
623, 993
Capital net gain from sale of assets held
more than 2 years '
Rents and royalties
516, 742
340, 868
386, 474
445, 701
62, 571
2, 128, 291
451 878
Interest on Government obligations not
wholly exempt from tax «
60, 432
2, 363, 880
Dividends on stock of domestic corpora-
tions 9
2, 098, 428
365, 326
627, 943
2, 648, 155
2, 133, 209
Fiduciary i".
Interest and other income ".
822, 480
799, 186
876, 687
847, 894
Total income
7, 393, 672
7, 468, 702
7, 672, 243
10, 308, 411
10, 375, 561
Deductions:
Contributions '^
186, 907
271,391
Another
1,719.764
1, 142, 003
1, 598, 583
1,914,150
Total deductions
1,719,764
458, 297
1,142,003
1, 598, 583
1 914 150
Net income
5,673,909
7,010,404
6, 530, 241
8,709,828
8,461,412
For footnotes, see p. 45.
177160-34-
44
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 1931 of net income
of $5,000 and over — Continued
[Money figures in thousands of dollars]
Distribution
Number of re turns .
Income:
Wages and salaries '
Business *
Partnership s
Profit from sale of real estate,
stocks, bonds, etc., other than
taxed as capital net gain from
sale of assets held more than 2
years «
Capital net gain from sale of as-
sets held more than 2 years '_--
Rents and royalties
Interest on Government obliga-
tions not wholly exempt from
tax 8
Dividends on stock of domestic
corporations »
Fiduciary i"
Interest and other income "
Total income-
Deductions:
Net loss from business and part-
nership
Contributions 12
All other
Total deductions.
Net income
1921
625, 606
2, 831, 520
816, 040
903, 571
254, 456
420, 932
40, 281
1,915,138
732, 697
7, 914, 635
1, 552, 857
1, 552, 857
6, 361, 778
594, 211
2, 933, 454
1,012,440
918, 183
249, 248
482, 189
30, 962
2, 173, 499
197, 189
850, 935
9, 338, 893
211,863
1, 323, 007
1, 534, 871
7, 804, 022
1923 13
625, 897
1924
3, 166, 967 3, 490, 916
1, 069, 740 1, 290, 722
928,690 1,112,710
462, 489
305, 394
501, 489
30, 695
2, 442, 635
236, 665
870, 996
10, 015, 759
240, 792
1, 401, 047
1, 641, 839
8, 373, 920
770,026
389, 148
570, 427
29, 645
2, 617, 871
206, 972
932, 324
11,410,761
254, 072
1, 405, 532
1, 659, 605
9, 751, 156
1925
830, 670
4, 033, 811
1, 623, 638
1, 422, 799
1, 723, 438
940, 569
679, 569
25, 651
3, 045, 368
248, 163
1, 084, 120
14, 827, 127
293, 401
1, 756, 030
2, 049, 431
12, 777, (
1926
894, 868
4, 363, 395
1, 738, 523
1, 329, 786
1, 224, 278
912,918
689, 981
36, 782
3, 581, 362
273, 252
1, 217, 681
15, 367, 957
122, 409
326, 511
1, 691, 377
2, 140, 298
13, 227, 669
Distribution
Number of returns.
Income:
Wages and salaries '
Business *
Partnership s
Profit from sale of real estate, stocks,
bonds, etc., other than taxed as capital
net gain from sale of assets held more
than 2 years ^
Capital net gain from sale of assets held
more than 2 years '
Rents and royalties
Interest on Government obligations not
vi'holly exempt from tax 8
Dividends on stock of domestic corpora-
tions »
Fiduciary '"
Interest other than obligations wholly or
partially tax-exempt "
Other income "
Total income.
Deductions:
Net loss from sale of real estate, stocks,
bonds, etc., other than reported for
tax credit on capital net loss from sale
of assets held more than 2 years '<
Net loss from business, and partnership >5.
Contributions '^
All other
Total deductions.
Net income
1927
913, 597
4, 524, 276
1, 704. 175
1, 364, 422
1, 511, 859
1,081,186
644, 302
47, 479
3,761,910
329, 351
1, 115, 925
185, 099
16, 259, 984
136, 482
353, 188
1, 706, 122
2, 195, 792
14, 064, 193
1928
1,010,887
5, 008, 286
1, 772, 265
1, 583, 322
2, 700, 667
1, 879, 780
637, 371
40, 653
4, 009, 915
364, 889
1, 230, 178
196, 111
19, 423, 216
129, 865
390, 923
1,946,467
2, 467, 255
16, 956, 961
1929
1, 032, 071
5, 179, 041
1, 836, 329
1, 497, 922
2, 044, 058
2, 346, 704
649, 124
40, 184
4, 247, 031
422, 076
1, 257, 590
190, 110
19, 710, 168
632, 693
384, 458
1, 997, 123
3, 014, 274
16, 696, 896
1930
810, 431
4, 407, 606
1,216,452
786, 931
527, 663
656, 392
479, 401
38, 134
3, 708, 656
338, 400
1,018,001
130, 191
13, 206, 817
947, 121
105, 219
286, 218
1, 347, 170
2, 685, 728
10,521,088
1931
590, 731
3, 320, 028
766, 730
492, 147
196, 574
169, 949
306, 336
25, 325
2, 583, 674
280, 627
749, 345
120, 845
9,011,581
813, 503
72, 129
202, 979
981, 341
2, 069, 948
6, 941, 633
For footnotes, see p. 45.
STATISTICS OF INCOME 45
Footnotes for tables on pp. 4^, 43 and 44-
> Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
individuals are summarized on pp. 198-203. The income items for 1916 are "gross income," the deductions
not having been allocated to the various sources but included in aggregate under "Deductions." Begin-
ning 1917, deductions allowable against the various sources of income are applied against the gross income
from the specific sources as reported on the schedules in the income tax returns and wherever net losses
are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contain
the other deductions included in the return under " Deductions." Data for returns of net income under
$6,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated
1928, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000 and
aggregate net income of $2,461,137,000.
2 Excludes data for 1 ,640,758 returns with net income under $2,000 and aggregate net income of $2,461 ,137,000.
3 Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the busi-
ness conducted by the individual. Prior to 1924 such wages and salaries were reported either as income
under " Wages and salaries" or as part of income from " Business." Includes " Professions and vocations"
in 1916.
* See notes 3, 5, and 6.
5 Certain income from partnership included in other sources, see notes 7, 8, 9, and 11. Tabulated with
■'Business" in 1916. In 1918 to 1921, inclusive, the amount includes income of personal service corporations
as defined in the revenue acts of 1918 and 1921 (except certain amounts included in other sources, see notes
8, 9, and 10) and of fiduciaries, as described in note 10.
6 Profit from sale of real estate, etc., included in "Business," in 1916.
' Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation
beginning 1922.
8 Interest on such obligations held by individuals, partnerships, fiduciaries, and personal service corpora-
tions (1918 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income."
8 Includes dividends received by individuals, partnerships, fiduciaries, and personal service corporations
(1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive.
10 Certain income from fiduciaries included in other sources, see notes 7, 8, 9, and 11. In 1917 amount
included in "Interest and investment income"; in 1918 to 1921, inclusive in "Partnerships."
11 Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere;
includes interest on tax-free convenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,
inclusive, of partnerships, beginning 1920; and of personal service corporations, 1920 and 1921 ; includes in 1917
and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries as de-
scribed in note 10.
12 Contributions 1916, 1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not available
for returns of net income of $5,000 and over.
13 According to 1923 Statistics of Income (unrevised).
'* Included in "All other" deductions in 1917 to 1925, inclusive.
15 Included in "All other" deductions in 1917 to 1929, inclusive.
46
STATISTICS OF INCOME
Corporation returns for 1909 to 1931 showing total number, number and percent with
net income and no net income, gross income, net income, deficit, and tax ^
[Money figures in thousands of dollars]
Number of returns
Percent of total
year
Total
Showing
net
income
Showing
no net
income 2
Showing
no income
data — in-
active
corpora-
tions 2
Showing
net
income
Showing
no net
income 2
Showing
no income
data— in-
active
corpora-
tions 2
1909 -
262, 490
270, 202
288, 352
305, 336
316, 909
« 299, 445
5 366, 443
341, 253
351, 426
317, 579
320, 198
345, 595
356, 397
382, 883
398, 933
417, 421
430, 072
455, 320
475, 031
495, 892
509, 436
518, 736
516, 404
3 52, 498
3 54, 040
3 55, 129
3 61, 116
188, 866
174, 205
190,911
206, 984
232, 079
202, 061 ,
209, 634
203, 233
171, 239
212, 535
233, 339
236, 389
252, 334
258, 134
259, 849
268, 783
269, 430
221, 420
175, 898
* 209, 992
i 216, 162
i 233, 223
4 244, 220
128, 043
125, 240
175, 532
134, 269
119, 347
115,518
110, 564
142, 362
185, 158
170, 348
165, 594
181, 032
177, 738
197, 186
165, 826
174, 828
186, 591
241,616
283, 806
3 20
3 20
3 19
3 20
60
58
52
61
66
64
65
59
48
56
58
67
69
67
66
54
63
43
34
4 80
«80
4 81
4 80
40
42
48
39
34
36
36
41
52
44
42
43
41
43
35
35
37
46
55
1910
1911
1912
1913
1914
1915-
1916
1917-
1918-
1919
1920- - -
1921
1922
1923
1924 --
1925-
1926
1927
49, 356
52, 281
53,415
55, 700
56, 700
10
1928
11
1929
10
1930.
11
1931..- -
11
Gross income
Net income
Deficit
Tax
Year
Returns
showing
net income
Returns
showing no
net income
Income tax
War profits
and excess
profits tax
Total tax
1909
3, 600, 000
3, 761, 000
3, 503, 000
4,151,000
4, 714, 000
3, 940, 000
5, 310, 000
8, 765, 909
10, 730, 360
8,361,511
9,411,418
7, 902, 655
4, 336, 048
6,963,811
8, 321, 529
7, 586, 662
9, 683, 684
9, 673, 403
8, 981, 884
10, 617, 741
11,653,886
6, 428, 813
3, 683, 368
20,960
33, 512
28,583
35, 006
43, 128
39, 145
56, 994
171, 805
603, 698
653, 198
743, 536
636, 508
366, 444
776, 310
937, 106
881, 550
1, 170, 331
1, 229, 797
1,130,674
1, 184, 142
1, 193, 436
711,704
398, 994
20,960
33, 512
1910. ---
1911
28, 583
36, 006
43, 128
1912 -.
1913
1914-
39, 145
1915
56, 994
1916 --
32, 531, 097
79, 540, 005
79, 706, 659
88, 261, 006
93, 824, 225
60, 051, 123
80, 331, 080
97, 457, 479
2, 796, 534
5, 153, 234
6, 767, 622
11,657,748
24, 381, 338
31, 198, 150
20, 588, 835
21.106.184
656, 904
629, 608
689, 772
995, 546
2, 029, 424
3, 878, 219
2, 193, 776
2, 013, 655
2, 223, 926
1, 962, 628
2, 168, 710
2. 471, 739
2,391,124
2, 914, 128
4, 877, 595
6, 970, 913
171,805
2,142,446
3, 168, 764
2, 176. 342
1, 625, 235
1917
i, 638, 748
2, 505, 566
1,431,806
988, 726
335, 132
' 8, 466
1918
1919 --
1920
1921
701, 576
1922
783, 776
937, 106
1923 -.
1924-
97, 158, 997 22, 070, 497
113,692,683 20,668,066
118,022,117 ' 24.107.736
881, 650
1925
1, 170, 331
1926
1, 229, 797
1927
115,324,340
6 127, 369, 525
129, 633, 792
89,561,495
62, 051, 035
29, 074, 012
8 26,411,989
30, 987, 717
46, 500, 564
65, 464, 204
1, 130, 674
1928- -.-
1, 184, 142
1929
1, 193, 436
1930-
711, 704
1931
398, 994
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 204-207; general explanations appear on pp. 1-4. The period 1909 to
1915 includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes shown for
1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown in annual
reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assessments,
etc.; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913 include income
tax, $.32,450,663; excise tax .$10,671,077 (Act of Aug. 5, 1909).
2 Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing no net income.
3 Returns showing net income in excess of $5,000 exemption.
4 Returns showing net income not in excess of $5,000 exemption or deficit.
' 1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of
Internal Revenue, 1916, p. 26.)
6 Revi.sed figures.
' On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting
period terminated subsequent to July 1, 1922.
STATISTICS OF INCOME
47
Corporation returns for 1928 to 1931 by net income and deficit classes, showing
number of returns, net income, and deficit ^
[Money figures and net income and deficit classes in thousands of dollars]
1928
1929
1930
1931
Net income and defi-
cit classes
Number
of
returns
Net in-
come or
deficit
Number
of
returns
Net in-
come or
deficit
Number
of
returns
Net in-
come or
deficit
Number
of
returns
Net in-
come or
deficit
Returns showing net income
Under 1
68, 466
42, 161
35, 930
19, 392
11,811
29, 876
13, 707
8,268
6,953
12, 480
8,734
6,194
2,267
1,286
1,029
229
28, 668
62, 625
90, 128
66, 724
52, 758
211,526
168, 262
143, 246
156, 097
445, 895
609, 179
959, 922
794, 021
898, 405
2,119,926
3, 810, 359
69, 456
41,292
37, 675
19, 458
11,795
29, 627
13, 399
8,424
6,641
12, 397
8,316
5,974
2,283
1,344
1,049
300
29,281
61,041
94, 818
66,920
52, 716
209, 764
164, 277
145, 908
149, 630
441,615
582, 968
923, 944
796, 186
932, 110
2,116,780
4, 885, 929
71, 322
37, 881
32, 798
14, 732
8,367
19, 760
8, 955
5,392
3,992
7,372
4,905
3,260
1,259
689
576
160
29, 631
55, 738
82, 605
50, 569
37, 488
139, 687
109, 551
93, 271
89, 664
262, 844
341, 578
499, 648
438, 512
481, 838
1,177,948
2, 538, 241
70, 168
31, 702
24, 312
9,703
5,481
12, 813
5,321
3,301
2,440
4,450
2,755
1,941
729
373
321
88
27, 836
1-2 .
46,328
2-3
60, 782
3-4
33,282
4-5...
24, 519
5-10 -
90, 198
10-15
65, 292
15-20 .
57, 080
20-25...
54, 847
25-50
157, 445
50-100
192, 198
100-250..
296, 252
250-500
252, 021
500-1,000...
265, 232
1,000-5,000..
647, 197
5,000 and over..
1,412,858
Total..
268, 783
10, 617, 741
269, 430
11,653,886
221, 420
6, 428, 813
175, 898
3, 683, 368
1928
1929
1930
1931
Net income and defi-
cit classes
Number
of
returns
Net in-
come or
deficit
Number
of
returns
Net in-
come or
deficit
Number
of
returns
Net in-
come or
deficit
Number
of
returns
Net in-
come or
deficit
Returns showing no net income
Under 1
54, 633
24,811
16, 576
11,907
8,827
23, 457
10,424
5,789
3,619
7,707
3,990
2,048
557
287
186
10
21, 901
36, 403
41, 173
41,417
39, 568
166, 746
127, 634
100, 067
80, 839
268, 262
276, 902
311,304
193, 695
200, 947
342, 218
142, 049
58, 154
26, 376
17, 520
12, 402
9,353
25, 028
11,127
6,130
4,009
8,448
4,243
2,444
749
341
244
23
22, 657
38, 777
43, 590
43, 239
41,951
178, 512
136, 219
106, 492
89, 861
295, 037
295, 022
371,077
258, 990
236, 428
468, 723
287, 554
67,541
32, 805
22, 404
16, 593
12,325
34, 208
15, 658
8,882
5,777
12,341
6,680
4,002
1,244
630
483
43
26,344
48, 146
55, 564
57, 657
55, 379
243, 935
191,881
153, 647
129, 329
431, 924
463, 450
612,510
430, 634
437, 108
949, 652
590, 434
78,046
38, 373
26, 027
19, 280
14,529
40, 090
18,464
10, 613
6,688
15,219
7,971
5,167
1,620
884
712
123
30, 363
1-2...:
56, 376
2-3
64,451
3-4.
67, 070
4-5
65, 098
5-10
284, 961
10-15
226, 091
15-20
183, 750
20-25 .
149, 584
25-50 .-
532, 653
50-100
555, 143
100-250
794, 446
250-500
562, 614
500-1,000- .
613,928
1,000-5,000..
1,416,923
5,000 and over..
1,367,460
Total -
174, 828
52,281
2, 391, 124
186, 591
53,415
2,914,128
241,616
55, 700
4, 877, 595
283, 806
56, 700
6, 970, 913
Returns showing no
income data— inac-
Grand total— net
income less
deficit
495, 892
8, 226, 617
509,436
8. 739, 758
518, 736
1, 551, 218
516,404
2 3,287,545
' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 204-207; general explanations appear on pp. 1-4. Figures for returns
showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no net
income for 1925 to 1927, inclusive, appear in Statistics of Income for 1930, pp. 49-50.
2 Deficit.
48
STATISTICS OF INCOME
Corporations submitting balance sheets for 1926 to 1931, showing the number of
balance sheets and major items of assets and liabilities at end of calendar year or
at close of fiscal year nearest thereto
[Money figures in thousands of dollars]
Year
1926
1927
1928
1929
1930
1931
Number
of returns
filed 1
455, 320
425, 675
443,611
456, 021
463, 036
459, 704
Number
of balance
sheets
359, 449
379, 156
384, 548
398, 815
403, 173
381, 088
Total assets-
total liabili-
ties 2
< 262, 178, 684
287, 542, 317
307, 218, 377
335, 777, 910
334, 001, 852
296, 497, 029
Assets
Cash 3
16, 801, 532
16, 851, 217
21,952,419
22, 371, 168
21, 012, 135
15, 880, 250
Notes and
accounts
receivable
23, 551, 610
50, 959, 387
62, 804, 345
66, 810, 464
59, 675, 393
48, 667, 199
Invento-
ries
20, 939, 027
21, 005, 344
20, 751, 292
21, 910, 973
18, 771, 464
15, 139, 933
Assets— Continued
Liabilities
Year
Tax-exempt
invest-
ments 5
Invest-
ments other
than tax-
exempt-
stocks,
bonds,
mortgages,
loans, real
estate, etc. «
Capital
assets-
real estate,
buildings,
and equip-
ment (less
deprecia-
tion)
Miscellane-
ous assets
Notes and
accounts
payable
Bonded
debt and
mortgages
Miscellane-
ous liabili-
ties
1926.--
8, 694, 433
9, 780, 521
10, 116, 160
10, 338, 364
10, 228, 229
10, 667, 192
97, 523, 460
104,945,293
109,931,470
116, 446, 100
120, 994, 370
115,302,699
94, 668, 623
84, 000, 555
81, 662, 691
42, 056, 693
19, 510, 971
16, 534, 423
24,041,916
24, 125, 895
27, 437, 292
29, 452, 537
26, 869, 687
23, 251, 397
< 31,801,041
i 37, 739, 571
42, 943, 301
46, 642, 535
50, 281, 681
48, 100, 961
< 87, 075, 673
1927 --
* 93, 274, 333
1928. _
* 93, 950, 013
1929- —
55, 844, 148
83, 809, 289
74, 305, 333
* 99, 313, 619
1930
95, 768, 370
1931.
81,881,781
Liabilities— Continued
Year
Capital stock
Surplus and
undivided
profits
Deficit
Surplus and
undivided
Preferred
Common
profits less
deficit
1926--.
17, 146, 122
17, 800, 278
18, 475, 459
19, 738, 159
19,116,687
19,116,829
67, 516, 635
74, 080, 966
77,256,128
<85,519, 765
87, 067, 025
79, 793, 727
39, 154, 426
45, 414, 697
62, 069, 292
60, 699, 189
61,631,986
51, 976, 381
4, 557, 130
4, 893, 423
4,913,109
5, 587, 895
6, 733, 583
7, 624, 047
34, 597, 296
1927 -
40, 521, 274
1928 -.
47, 156, 183
1929
55,111,294
1930 --
54, 898, 403
1931- -
44, 352, 334
' Excludes returns for inactive corporations.
2 See text, p. 28.
' Includes cash in till and deposits in bank.
* Revised. For text explaining revisions, see " Statistics of Income for 1930," p. 28; "Statistics of Income
for 1928, " p. 33: and this report, p. 32.
8 Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
'"Investments other than tax-exempt" not segregated from "Miscellaneous assets not distributed"
prior to 1929. For explanation of changes, see p. 29.
STATISTICS OF INCOME 49
ESTATE-TAX RETURNS
The following tables are compiled from estate-tax returns filed
during the year ended December 31, 1932. They do not represent
the estates of persons who died within this period, since the returns
are not required to be filed until one year after the date of death, and
under certain conditions further extensions of time are granted for
filing. Under the Revenue Acts of 1926 and 1928 a return must
be filed in the case of every resident decedent the value of whose
estate (value at time of his death of all personal property, tangible
or intangible, wherever situated, and all real property situated
in the United States) exceeds $100,000. For deaths prior to Feb-
ruary 26, 1926 (10:25 a.m., Washington, D.C., time), and subse-
quent to June 6, 1932 (5 p.m., Washington, D.C., time), a return
is required if the gross estate exceeds $50,000 in value at date of
death. A return must be filed in the case of every nonresident
decedent who owned property situated in the United States, regard-
less of value.
The tax is imposed not upon the property or upon any particular
legacy, devise, or distributive share but upon its transfer. The rela-
tionship of the beneficiary to the decedent has no bearing upon the
tax liabilit3^ The estate tax is not an inheritance tax, although
popularly referred to as such, the distinction being that the estate
tax is based on an estate in its entirety rather than on the distributive
share.
The gross estate as defined by statute includes certain transfers,
such as those made in contemplation of death or intended to take
efi'ect at or after death. The net estate is the amount of the gross
estate less the sum of authorized deductions, and in the case of
resident decedents a specific exemption of $100,000 for individuals
who died from February 26, 1926, to June 6, 1932. Estate-tax
returns filed under the Revenue Acts of 1926 and 1928 are allowed
a tax credit not to exceed 80 percent of the total Federal estate
tax for estate, inheritance, legacy, or succession taxes paid to any
of the several States, Territories, or the District of Columbia. Under
the Revenue Act of 1924 the tax credit was limited to 25 percent
of the total Federal estate tax. Prior to the Revenue Act of 1924
this tax credit was not allowed.
The tables are based on the returns as filed and prior to any adjust-
ments that may be determined upon investigation and audit. The
tax liability reported does not correspond with the actual receipts
of taxes during the period for the reason that payments may be
made at a later date than the filing of the return, and for the reason
that field investigation and office audit may disclose deficiency taxes
or excess payments which are not reflected in these tables. For
statistical purposes the returns are classified by the size of the net
estate corresponding to the successive tax brackets specified in the
Revenue Act of 1926. •
50
STATISTICS OF INCOME
Table 1. — Estate tax returns of resident decedents, hy net estate classes, showing
[Money figures and estate classes
[Returns filed from Jan. 1
Total
Nontaxable re-
turns— Gross es-
tate classes
Under 50
50 and
over
Number of returns
Gross estate: '
Real estate.
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 2
Partially tax-exempt 2
State and municipal bonds, wholly tax-exempt
All other bonds -.
Total bonds. _ -.-
Capital stock in corporation
Total bonds and stocks
Mortgages, notes, cash, etc ,
Insurance (gross)
Miscellaneous property
Transfers made in contemplation of or intended to take effect at or
after death
General power of appointment exercised by will or by deed in
contemplation of death ,
Property from an estate taxed within 5 years; value at date of
death of present decedent
Total gross estate.- - ..,
Deductions:
Insurance exemption
Funeral and administrative expenses
Debts, unpaid mortgages, etc _.
Property from an estate taxed within 5 years; value at the date of
previous decedent's death
Charitable, public, and similar bequests
Specific exemption
Total deductions -
Net estate
Tax before tax credits
Tax credit for estate, inheritance, legacy, or succession taxes actually
paid to any of the several States, Territories, or District of Columbia 3..
Tax
For footnotes, see p. 52.
7,113
433, 374
50, 703
44, 201
192, 401
194, 343
481, 648
1, 066, 766
1, 548, 414
341, 121
135, 339
148, 439
65, 211
23, 420
105, 501
46, 565
112,275
391, 679
83, 525
190, 916
696, 850
1,521,810
1, 391, 569
84, 006
61,642
22, 364
100
1,909
641
90, 132
1
40
22
120
1,609
2,862
4,073
16, 546
182
453
25, 091
95, 592
635
120, 683
449
988
241
63
22
38, 246
33, 815
20, 701
8,248
1,457
32, 401
3,040
345, 683
754
253
2,263
20
69
8,900
12, 875
15, 996
162, 757
29, 542
44, 406
188, 450
12, 259
454, 024
STATISTICS OF INCOME
51
number, gross estate by form of property, deductions, net estate, and tax
in thousands of dollars]
to Dec. 31, 1932]
Taxable returns— Net estate classes
Under 50
50 under
100
100 under
200
200 under
400
400 under
600
600 under
800
800 under
1,000
1,000 under
1,500
1,869
893
899
701
267
147
86
99
62, 431
37, 622
49, 682
48, 210
28,600
17, 246
9,574
16, 456
1,105
6,355
5,664
24,242
1,257
4,484
4,915
17,077
1,345
5,736
7,449
25, 046
3,965
8,752
16, 864
29, 010
3,545
3,438
21, 558
17, 322
3,106
3,593
9,676
11,022
2,024
1,467
7,411
8,979
5,216
2,902
14, 183
11,391
37, 366
87, 127
27, 733
63,468
39, 577
101, 201
58, 590
133, 001
45, 863
76, 758
27, 397
67, 687
19, 881
52, 243
33, 692
72, 585
124, 493
91, 201
140, 778
191, 591
122, 621
95, 084
72, 123
106, 277
56, 471
18, 019
13, 895
9,245
830
8,070
32, 145
13, 833
10, 024
6,281
1,552
5,934
42, 393
20, 815
12, 972
7,473
1,457
7,003
46, 160
17, 306
15, 986
10, 104
2,848
7,791
30, 256
7,766
12, 594
7,984
2,338
1,781
. 16,152
5,609
5,255
4,060
590
2,819
9,672
2.409
7,660
3,152
913
700
15, 350
7,966
9,943
3,256
1,680
2, 296
293, 454
198, 592
282, 573
339, 996
213, 939
146, 815
106, 204
163, 225
8,378
12, 774
30, 204
6,399
15, 377
179, 400
5,694
8,517
19, 493
5,457
6,462
88, 050
6,267
11,418
31,024
5,759
10, 420
88, 850
5,563
14, 234
27, 269
7,550
20, 303
69, 400
2,493
7,818
19, 383
1,462
26, 402
26, 600
1,613
6,190
12, 543
2,517
8,299
14,600
802
4, 224
6,605
686
8,021
8,500
890
5,728
13, 375
2,261
10, 944
9,850
252, 533
133, 673
153, 739
144, 318
84, 158
45, 762
28, 838
43, 048
40, 921
431
282
64, 919
883
630
128, 834
2,598
1,869
195, 678
5.538
4,102
129, 781
4,477
3,411
101,052
4,192
3,131
77, 366
3,692
2,728
120, 177
6,576
4,942
149
253
730
1,436
1,066
1,061
963
1,634
52
STATISTICS OF INCOME
Table 1. — Estate tax returns of resident decedents, hy net estate classes, showing
[Money figures and estate classes
Taxable returns— Net estate
classes
1,500
under
2,000
2,000
under
2,500
2,500
under
3,000
Number of returns
Gross estate: •
Eeal estate
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 2
Partially tax-exempt 2
State and municipal bonds, wholly tax-exempt
All other bonds
Total bonds
Capital stock in corporations
Total bonds and stocks
Mortgages, notes, cash, etc -
Insurance (gross)
Miscellaneous property -
Transfers made in contemplation of or intended to take effect at or
after death
General power of appointment exercised by will or by deed in con-
templation of death
Property from an estate taxed within 5 years; value at date of death
of present decedent .- ..-
Total gross estate.
Deductions:
Insurance exemption
Funeral and administrative expenses.
Debts, unpaid mortgages, etc
Property from an estate taxed within 5 years; value at the date of
previous decedent's death
Charitable, public, and similar bequests..
Specific exemption
Total deductions
Net estate
Tax before tax credits
Tax credit for estate, inheritance, legacy, or succession taxes actually
paid to any of the several States, Territories, or District of Columbia '.
Tax
3,939
973
9,533
5,775
20, 220
52, 542
72, 762
7,756
2,767
4,676
828
244
796
102, 830
377
3,880
8,262
727
1,278
4,850
19, 374
83, 456
5,406
3,826
1,580
1,969
706
9,516
3,523
16, 714
29, 237
7,741
249
1,667
209
1,535
30,006
93, 269
6,802
3,422
15, 761
15,885
2,200
44, 135
49, 134
3,450
2,718
733
3,769
1,888
1,309
6,680
2,162
12, 039
31, 795
43, 834
3,744
442
879
1,919
483
55, 079
250
2,270
3,117
480
532
1,700
8,349
46. 730
3,585
2,563
1,022
■ Jointly owned property totaling $56,859,638 is distributed by form of property.
2 The terms wholly tax-exempt and partially tax-exempt mean that the interest on these securities is
wholly or partially exempt from income tax (normal tax and surtax) of the Federal Government.
3 Limited to 25 percent of the total tax after the effective date of the Revenue Act of 1924 (June 2,
1924) and prior to effective date of Revenue Act of 1926 (Feb. 26, 1926) and to 80 percent of the total
tax after the effective date of the Revenue Act of 1926.
STATISTICS OF INCOME
53
number, gross estate by form of property, deductions, net estate, and tax — Continued
in thousands of dollars]
Taxable returns— Net estate classes
3,000
under
3,500
3,500
under
4,000
4,000
under
5,000
5,000
under
6,000
6,000
under
7,000
7,000
under
8,000
8,000
under
9,000
9,000
under
10,000
10,000
and over
10
9
9
7
7
2
4
1
6
3.050
11,276
2,446
2,648
4,279
440
830
34
24, 096
679
228
7,196
1, 652
1,002
77
4,400
376
2,291
350
7,342
2,606
2,345
490
7,731
4,439
4,025
16
10, 982
749
1,041
354
12, 137
1,746
4,273
44
15, 368
5,096
25
4,054
27
9,699
5,466
9,754
16, 747
5.856
24,534
12, 588
28,999
15. 004
20, 777
15,771
40, 308
15, 278
1,772
24, 781
8,964
25
16, 504
19, 247
44, 472
26, 501
30. 390
41. 587
35, 781
56, 079
17, 050
33, 745
16, 529
63, 719
4,076
459
3,304
3,944
74
1,354
1,277
333
377
1,088
2,466
141
1,121
5,156
652
6,519
1,655
624
158
437
6,402
408
799
4
43
10, 598
1,130
74
12, 960
1,650
5, 917
141
152
2,769
2,361
118
40, 158
47, 038
49, 468
42, 450
74, 459
18, 708
42, 188
16, 680
119, 970
131
1.659
3,135
2,274
262
1,000
74
1,615
9,047
160
1,868
3,974
2,361
375
900
25
1,001
1,409
151
458
700
71
1,164
17, 104
118
10, 510
700
43
1,832
975
40
396
176
262
6,652
2,376
9,489
1,487
900
2,276
200
5,148
400
200
100
1,804
600
8,461
13, 122
9,637
3,745
29, 666
3,048
8,399
7,214
14, 309
31, 697
33, 916
39, 831
38, 705
44, 793
15, 660
33, 790
9,466
105, 662
2,584
1,824
3,001
2,110
3,822
2,904
4,080
3,233
5,021
3,931
1,909
1,527
4,256
3,400
1,252
1,002
17, 253
11,511
760
891
918
847
1,090
382
857
250
5,743
54
STATISTICS OF INCOME
Table 2. — Estate-tax returns of resident decedents, by Slates and Territories and by
tax before tax credits, tax credits, ratio of
[Returns filed from Jan. 1
Total
number
ofreturns
Taxable returns
States and Territories
Number
Gross estate
(thousands
of dollars)
Deductions
(thousands
of dollars)
Alabama
37
29
12, 079
4,305
Alaska
Arizona
15
19
684
45
193
16
75
108
69
13
5
478
123
114
75
66
62
56
131
410
200
86
28
182
11
60
1
38
404
2
1,471
73
5
305
51
27
690
70
25
11
51
194
13
20
93
63
36
113
6
11
11
450
27
154
11
61
64
42
8
2
298
72
75
56
45
40
40
104
306
147
66
20
126
8
45
1
27
317
2
1,128
46
3
227
40
20
514
56
19
7
31
108
11
15
62
43
25
79
5
3,552
2,570
143, 253
7, 727
81, 056
7,241
39, 495
19, 834
13,337
3,708
263
186, 096
23, 851
19, 147
12, 718
13, 836
10, 854
11,587
46, 712
166, 990
85, 826
39, 439
6,010
54, 931
2,081
10, 300
188
9,338
137, 142
323
697, 631
11,927
554
95, 050
12, 579
6,316
278, 277
33, 665
8,185
2,656
10, 452
36, 422
2,668
5,885
21, 527
13, 077
9,348
28,596
793
2,538
1,583
65, 102
4,507
31, 581
2,225
16, 766
9,715
6,909
1,821
219
86, 991
10, 902
11,211
6,487
6,410
6,013
6,165
22, 583
62, 479
32, 264
12, 691
3,042
24, 676
1,008
5,321
135
3,706
55,815
292
306, 065
6,690
412
43, 609
4,978
3,206
106, 804
10, 944
3,629
822
4,650
19,495
1,441
3,188
9,585
6,961
4,015
12, 940
628
Arkansas
California.
Colorado
Connecticut . .. .
Delaware ..
District of Columbia - .
Florida
Georgia. ...
Hawaii
Idaho
Illinois .
Indiana
Iowa -.
Kansas . ... .
Kentucky ...
Louisiana ...
Maine . ' . .
Maryland
Massachusetts
Michigan . ... .. .
Minnesota
Mississippi
Montana
Nevada .....
New Jersey
New Mexico _
New York .
North CaroHna...
North Dakota
Oklahoma
Oregon ...
Pennsylvania.
South Carolina..
South Dakota
Tennessee
Utah
Virginia .
West Virginia. .
Wyoming ..
Total
7,113
5,104
2, 447, 096
1, 055, 527
' Credit for estate, inheritance, legacy, or succession taxes actually paid to any of the several States,
Territories, or District of Columbia (limited to 25 percent of the total tax after the effective date of the
Revenue Act of 1924 (June 2, 1924), and prior to the effective date of the Revenue Act of 1926 (Feb. 26, 1926)
and to 80 percent of the total tax after the effective date of the Revenue Act of 1926).
STATISTICS OF INCOME
55
taxable and nontaxable returns, showing number, gross estate, deductions, net estate,
tax credits to tax before tax credits, and tax
to Dec. 31, 1932]
Taxable returns— Continued
Nontaxable returns
Ratio of
Net estate
Tax before
tax credits
tax credits
to tax
before tax
credits
Gross estate
Deductions
(thousands
Tax credits i
Tax
Number
(thousands
(thousands
of dollars)
of dollars)
of dollars)
(percent)
7,774
$430, 984
-------
$25, 226
5.85
$405, 758
8
974
1,195
' i.'ou'
i7,'923'
so.'oo"
4,480"
" "817'
" 1,033
988
18,975
8,662
45.65
10, 313
8
1,318
3,046
78, 151
3, 679, 917
2, 852, 869
77.53
827, 048
234
31,811
41,684
3,220
76, 427
57,545
75.29
18, 882
18
2,079
2,789
49,476
2,372,021
1, 879, 012
79.22
493, 009
39
8,266
9,503
5,016
362, 156
289, 724
80.00
72, 432
5
780
927
22, 729
1, 284, 901
44,028
3.43
1, 240, 873
14
2,055
2,603
10, 119
345, 360
250, 290
72.47
95, 070
44
5,139
7,384
6,428
216, 868
155, 829
71.85
61, 039
27
4,392
5,486
1,887
63, 673
50, 939
80.00
12, 734
5
782
1,178
44
437
347
79.41
90
3
310
391
99, 105
7, 859, 298
5, 705, 083
72.59
2, 154, 215
180
31, 796
42, 176
12,949
482, 999
326, 843
67.67
156, 156
51
5,923
8,627
7,936
214, 396
162, 513
75.80
51,883
39
7,103
10, 958
6,231
176, 977
131,086
74.07
45, 891
19
2,509
3,432
7,425
344, 268
262, 153
76.15
82, 115
21
3,275
3,797
4,841
111,946
79, 414
70.94
32, 532
12
3,039
3,946
5,422
155, 224
120, 273
77.48
34, 951
16
2,615
3,127
24,128
1, 522, 621
1,209,115
79.41
313, 506
27
3,329
4,239
104,511
6,328,717
5, 060, 129
79.96
1,268,588
104
16, 750
21, 899
53, 562
3, 324, 093
2,612,513
78.59
711,580
53
10, 488
13, 494
26, 749
1, 666, 551
1, 302, 775
78.17
363, 776
20
3,199
5,355
2,968
84, 141
48, 777
57.97
35,364
8
1,141
1,530
30, 256
1, 465, 160
1,154,892
78.82
310, 268
56
15, 683
19, 381
1,073
26, 149
19,923
76.19
6,226
3
2,592
3,593
4,979
134, 996
103, 276
76.50
31,720
15
1,586
1,970
53
5,632
553
219, 192
553
44, 103
' i75,'689'
79."88"
" ii"
"i,'878'
" "2,"323
81, 326
4, 309, 225
3, 081, 219
71.50
1,228,006
87
15, 018
19,439
31
391, 566
312
29, 076, 934
250
20, 778, 957
80.13
71.46
62
8, 297, 977
" 343'
62,'954'
84,"435
5,237
176,069
120, 987
68.72
55, 082
27
4,075
5,977
142
1,530
1,224
80.00
306
2
323
428
51,441
2, 300, 101
1, 735, 258
75.44
564, 843
78
20, 446
35,306
7,601
272, 083
111,088
40.83
160, 995
11
1,432
1,590
3,110
82, 703
66, 161
80.00
16, 542
7
1,285
1,942
171, 473
10, 678, 626
8,454,655
79.17
2, 223, 971
176
30, 949
39, 051
22, 722
1, 228, 008
983, 210
80.07
244, 798
14
9,091
9,578
4,555
185, 850
151, 258
81.39
34, 592
6
788
1,092
1,834
66, 973
53, 578
80.00
13, 395
4
481
627
5,802
187, 168
146, 312
78.17
40, 856
20
3,339
4,476
16, 927
565,408
358, 726
63.45
206, 682
86
10, 837
13, 748
1,226
27, 023
21, 479
79.48
5,544
2
287
504
2,697
105, 948
84, 005
79.29
21, 943
5
890
1,011
11, 942
528, 020
417, 217
79.02
110, 803
31
4,597
5,907
6,116
176,803
137, 906
78.00
38, 897
20
2,166
3,178
5,333
168, 274
130, 390
79.49
37, 884
11
1,731
2,337
15,656
876, 007
700, 774
80.00
175, 233
34
6,195
8,275
165
1,875
1,500
80.00
375
1
210
315
1,391,569
84, 006, 343
61, 642, 402
73.38
22, 363, 941
2,009
348, 723
466, 283
56
STATISTICS OF INCOME
Table 3. — Historical summary of estate tax returns filed for resident and nonresi-
dent decedents, Sept. 9, 1916, to Dec. SI, 19S2, showing number of returns, gross
and net estate, and tax ^
[Money figures in thousands of dollars]
Eeturns filed
Total
Resident
dece-
dents
Nonresi-
dent de-
cedents
Gross estate
Total
Resident
decedents
Nonresi-
dent de-
cedents
Sept. 9, 1916-Jan. 15, 1922.
Jan. 15-Dec. 31, 1922
Jan. 1-Dec. 31, 1923.
Jan. 1-Dec. 31, 1924
Jan. 1-Dec. 31, 1925
Jan. 1-Dec. 31, 1926
Jan. 1-Dec. 31, 1927
Jan. 1-Dec. 31, 1928
Jan. 1-Dec. 31, 1929
Jan. 1-Dec. 31, 1930
Jan. 1-Dec. 31, 1931
Jan. 1-Dec. 31, 1932
45, 126
13, 876
15, 119
14, 513
16, 019
14, 567
10, 700
10, 236
10, 343
10, 382
9,889
8,507
42, 230
12, 563
13, 963
13,011
14,013
13, 142
9,353
8,079
8,582
8,798
8,333
7,113
2,896
1,313
1,156
1,502
2,006
1,425
1,347
2,157
1,761
1,584
1,556
1,394
8, 893, 239
3, 014, 073
2, 804, 327
2, 566, 522
3, 001, 089
3, 407, 923
3, 173, 235
3, 554, 270
3, 893, 246
4, 165, 623
4, 075, 575
2, 830, 388
8, 785, 642
2, 955, 959
2,774,741
2, 540, 922
2, 958, 364
3, 386, 267
3, 146, 290
3, 503, 239
3, 843, 514
4, 108, 517
4, 042, 381
2, 795, 818
107, 597
58, 113
29, 586
25, 600
42, 725
21, 656
26, 945
51, 032
49, 732
57, 106
33, 195
34, 570
Net estate
Total
Resident
decedents
Nonresi-
dent de-
cedents
Tax
Total
Resident
decedents
Nonresi-
dent de-
cedents
Sept. 9, 1916-Jan. 15, 1922
Jan. 15-Dec. 31, 1922
Jan. 1-Dec. 31, 1923
Jan. 1-Dec. 31, 1924
Jan. 1-Dec. 31, 1925
Jan. 1-Dec. 31, 1926
Jan. 1-Dec. 31, 1927
Jan. 1-Dec. 31, 1928
Jan. 1-Dec. 31, 1929
Jan. 1-Dec. 31, 1930
Jan. 1-Dec. 31, 1931.
Jan. 1-Dec. 31, 1932
5, 509, 522
1, 704, 974
1, 532, 061
1, 395, 816
1, 658, 869
1, 972, 537
1,761,617
1, 992, 503
2, 313, 976
2, 427, 454
2, 356, 332
1, 423, 437
5, 407, 674
1, 652, 832
1, 504, 621
1, 372, 421
1, 621, 008
1, 951, 969
1, 735, 840
1, 943, 429
2, 268, 323
2, 376, 973
2, 327, 319
1, 391, 569
101,849
52, 142
27, 440
23, 395
37, 861
20, 567
25, 777
49, 075
45, 653
50, 481
29, 013
31, 868
356, 516
120, 562
89, 109
71, 939
87, 322
101,805
41, 686
41, 959
44, 388
41,617
45, 200
23, 674
351, 138
117, 624
88, 384
71,451
86, 223
101, 324
40, 931
40, 561
43, 303
39, 003
44, 540
22, 364
6,378
2,938
726
488
1,099
481
755
1,398
1,085
2,614
660
1,310
I Changes in the revenue acts aflecting the comparability of statistical data from estate-tax returns are
summarized on pp. 208-209.
Tables exhibiting in more detail information from individual and
corporation income-tax returns, by States and Territories, by size of
net income, and by industrial divisions are continued in the following
pages.
Respectfully,
Guy T. Helvering,
Commissioner of Internal Revenue.
H. MORGENTHAU, Jr.,
Acting Secreiray of the Treasury.
BASIC TABLES
INDIVIDUAL RETURNS
177160—33 57
Table 1.^ — Individual returns for 1931 by States and Territories, showing population
and percent of population filing returns, number of returns, net income and tax;
also average net income and average tax per return, and personal exemption and
credit for dependents
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
States and Territories
Popula-
tion as of
July 1,1931
(Bureau of
the Census
estimate)
Percent
of popu-
lation
filing
returns
Number
of re-
turns
Net income
Tax
Average per
return
Net in
come
Tax
Personal
exemption
and credit
for depend-
ents
Alabama
Alaska '
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia-
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana --
Iowa.-
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan J-..
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire. -
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio --
Oklahoma
Oregon- -.-
Pennsylvania
Rhode Island
South Carolina
South Dakota
Teimessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming---
Total -
2, 669, 000
59,800
443,000
1, 862, 000
5, 848, 000
1,043,000
1, 624, 000
240, 000
491,000
1, 506, 000
2, 909, 000
382, 000
446, 000
7, 718, 000
3, 262, 000
2, 476, 000
1, 889, 000
2, 630, 000
2, 125, 000
800,000
1,645,000
4, 280, 000
4, 931, 000
2, 577, 000
2, 026, 000
3, 646, 000
537, 606
1, 384, 000
92,000
467,000
4, 109, 000
428, 000
12, 756, 000
3, 217, 000
683, 000
6, 714, 000
2, 424, 000
967,000
9, 700, 000
694,000
1, 743, 000
697, 000
2. 638, 000
5, 913, 000
612, 000
360,000
2, 430, 000
1,579.000
1, 749, 000
2, 962. 000
228,000
0. 73 19, 532
124,511,406
1.81
.53
4.25
2.42
4.02
3.45
10.57
1
1.92
1.31
3.51
1.67
1.21
1.46
1.03
1.36
2.03
3.70
4.52
2.43
2.05
.49
2.20
1.81
1.73
3.73
2.67
4.35
1.26
4.97
.70
1.03
2.45
1.17
2.09
2.76
3.22
.60
1.06
1.07
1.51
1.91
2.17
1.43
3.28
1.27
2.
2.58
$70, 309, 297
$640, 467
$3, 600
$32. 79
$61, 565, 280
2.59
8,035
9,873
248, 722
25, 279
65, 306
8,284
51, 920
25, 340
25, 729
7,328
5,864
270, 759
54, 534
29, 850
27, 495
26, 991
28, 934
16,218
60, 898
193, 504
119,623
52, 853
9,888
80, 356
9,722
23, 940
3,431
12,477
178, 754
5,389
634, 057
22, 625
7,013
164, 809
28, 242
20, 181
267, 848
22, 375
10, 536
7,387
28. 117
89, 158
9,785
7,803
34, 689
51, 781
22. 118
84, 681
5,891
3, 225, 924
28, 745, 823
29, 256, 385
967, 099, 004
96,661,700
309, 351, 262
51,044,537
200, 628, 347
105, 215, 176
102, 907, 022
33, 869, 092
18, 350, 071
1,182,411,350
204, 130, 790
119, 218, 130
91,616,462
103, 279, 556
107, 673, 824
74, 771, 180
277, 129, 170
800, 923, 153
481,017,650
213, 530, 771
27, 146, 285
331, 482, 726
34, 667, 097
86, 120, 131
14, 041, 657
49, 243, 306
785, 764, 184
18,231,469
3, 108, 633, 729
88, 042, 580
18, 469, 626
689, 352, 135
93, 593, 901
73, 154, 659
1, 193, 400, 020
111,159,397
33, 858, 781
22, 130, 693
107, 251, 482
333, 673, 467
31, 863, 657
29, 853, 410
129, 365, 027
174, 858, 452
80, 333, 944
251, 988, 008
18, 176, 553
13, 604, 996, 128
247, 280
107, 830
14, 732, 280
1, 378, 043
6, 067, 228
2, 283, 901
2, 974, 707
2, 219, 520
996, 756
815, 673
46, 045
22, 502, 123
2, 540, 943
1, 137, 299
880, 318
1,012,557
891,912
1, 527, 436
5, 528, 213
12, 380, 194
11,028,018
2, 445, 441
87, 221
4, 747, 522
209, 809
723, 426
349, 026
563, 289
13,971,251
117,336
77, 975, 788
2, 030, 396
42, 519
9, 742, 860
861,871
474, 055
24, 854, 558
2, 598, 619
197, 943
105, 602
1,413,609
4, 634, 359
196, 095
264, 753
1, 323, 722
1, 238, 044
515, 600
2. 438. 474
65, 346
246, 127, 277
3,578
2,963
3,
3,824
4,73
6,162
3,864
4,152
4,000
4,622
3,129
4.367
3,743
3,994
3,332
3,826
3,721
4,610
4,551
4,139
4,021
4,040
2,745
4,125
3,566
3,597
4,093
3,947
4,396
3,383
4,903
3,891
2,634
4,183
3,314
3,625
4,455
4,968
3,214
2,996
3,814
3,742
3,256
3,826
3,729
3,377
3,632
2,976
3,085
4,217
30.78
10.92
59.23
54.51
92.90
275. 70
57.29
87.59
38.74
111.31
7.85
83.11
46.59
38.10
32.02
37.51
30.83
94.18
90.78
63.95
92.19
46.27
8.82
59.08
21.58
30.22
101. 73
45.15
78.16
21.77
122. 98
89.74
6.06
59.12
30.52
23.49
92.79
116. 14
18.79
14.30
50. 28
51.98
20.04
33.93
38.16
23.91
23.31
28.80
11.09
76.30
23, 369, 254
32, 297, 992
709, 440, 430
77, 723, 320
184, 556, 725
23, 983, 450
134, 113, 100
81, 083, 764
82, 637, 564
24, 525, 193
18, 230, 121
815, 231, 337
168, 551. 902
92, 369, 334
86, 193, 318
81. 678, 162
86, 569, 668
48, 189, 485
183, 068, 627
556, 773, 686
369, 628, 336
162, 007, 884
32, 379, 611
249, 967, 774
29, 836, 419
76, 066. 667
9, 335, 258
35, 722, 532
542, 747, 905
16, 129, 436
886, 543, 708
73, 463, 243
23, 032, 481
506, 681, 927
94, 107, 659
63, 060, 162
804, 538, 643
65, 608, 810
34, 091, 773
23, 756, 658
88, 608, 677
258, 915, 605
32, 435, 680
23. 603, 512
106, 356, 162
156, 581, 563
68, 428, 879
258, 061, 524
18, 290, 842
9, 682, 141, 042
Included in the State of Washington
59
177160—34 5
60
STATISTICS OF INCOME
Table 2. — Individual returns for 1931 by net income classes, showing number of
returns, net income and tax, average tax per return and average rate of tax, per-
sonal exemption and credit for dependents, tax before tax credits, and tax credits
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
Net income classes
(Thousands of dollars)
Number of
returns
Net income
Tax
Amount
Average tax
per return
Average
rate of
tax on net
income
(percent)
Personal
exemption
and credit for
dependents
Under 1 • (estimated) .
Under 1 (estimated) . .
1-2 1 (estimated)
1-2 (estimated)
2-3 1 (estimated)
2-3 (estimated)
3-4 1 (estimated)
3-1 (estimated)
4-5 1 (estimated)
4-5 (estimated)
5-61
6-6
6-71..-
6-7
7-8 1
7-8
8-91
8-9
9-101
9-10
10-11
11-12...
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60....
60-70.
70-80
80-90
90-100
100-150
150-200.
200-250
250-300
300-400
400-500.
500-750...
750-1,000
1,000-1,500
1,500-2,000...
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped *
Total.
Nontaxable returns 1.
Taxable returns
178, 561
6,830
509, 357
352, 796
397, 807
277, 212
423, 104
151, 496
137, 789
200, 241
23, 544
141,011
11,615
89, 188
7,909
60, 484
5,788
41, 799
4,904
31,413
25, 963
20, 457
16, 335
13, 192
11,009
33, 910
16, 888
9,342
9,972
4,994
3,043
1,896
1,337
825
729
1,634
616
269
171
177
91
103
46
40
14
12
6
1
4
$102
902,
3
719,
788
776,
610
653,
982
588,
659
006,
,477
172,
542
500,
599
457,
896
585,
127
342,
770
125,
75
037,
576
180,
59
112,
451
595,
49
046,
354
166,
46
541,
297
852,
272
021,
234
886,
203
833,
177
861,
159
471,
,582
619,
376
026,
255
097,
342
888,
222
661,
166
336,
122
675,
100
012,
69
953,
69
070,
196
598,
105
677,
59
773,
46
607,
61
510,
40
676,
61
906,
40
403,
48
415,
24
882,
28
861,
20
717,
43,
209
683
671
586
313
122
934
284
470
673
293
206
629
891
932
509
161
180
923
666
712
345
206
168
711
907
487
495
983
494
163
478
821
997
680
339
995
427
526
088
198
873
831
107
057
543
123
(2) '
184, 039
$23, 641
"943,'698'
2, 466, 248
"i,'647,"392'
2, 184, 469
"2,"653,'369"
2, 664, 040
2, 501, 747
"2,'305,"i85"
2, 283, 041
2, 154, 808
2, 209, 332
2, 189, 957
2, 139, 481
2, 151, 163
10 583, 898
10, 468, 552
9, 680, 487
16, 621, 612
13, 793, 513
11, 916, 597
9, 923, 057
8, 787, 294
6, 854, 830
7, 298, 168
23, 135, 254
13, 840, 244
8, 255, 866
6, 697, 083
8, 806, 559
6, 604, 623
9, 783, 032
5, 673, 914
7, 766, 250
3,817,157
4, 898, 565
3, 791, 941
(2)
(2)
6,611,810
$3.46
"2.'67'
10 91
18.82
'29.'87'
41.36
55.15
72.68
83.00
108. 00
134. 07
162. 18
195. 40
312. 12
619. 88
1, 036. 23
1, 666. 83
2, 762. 02
3, 916. 07
5, 233. 68
6, 572. 40
8, 308. 88
10011.20
14, 158. 66
22, 467. 93
30, 690. 95
39, 164. 23
49, 754. 57
72, 578. 27
94, 980. 89
123, 345. 96
194, 156. 25
272, 654. 07
408, 213. 75
631, 990 17
0 64
.15
"."37'
.30
.34
.55
.65
.77
.79
.94
1.07
1.20
1.35
1.82
2.78
3.79
4.85
6.19
7.16
8.09
8.79
9.80
10 57
11.77
13.10
13.81
14.37
14.32
16.24
15.80
14.04
16.04
15.34
16.97
18.30
17.01
15.09
1,451,
521,
1, 453,
421,
1, 666,
373,
587,
670,
90,
504,
37,
319,
24,
215,
17,
147,
14,
no
87,
69,
54,
43,
36,
109,
53,
28,
30,
14;
8:
5,
3,
2,
2.
4,
1,
745, 123
706, 543
111,648
557, 093
988, 734
549, 771
131,906
633, 842
621, 972
256, 367
845, 084
382, 691
754, 169
167, 090
320, 904
583, 023
325, 636
891, 435
073, 507
018, 153
431, 218
000, 592
361, 440
833, 175
584, 756
071,017
184, 013
582, 038
025, 975
844, 504
946, 189
392, 413
719, 306
261, 717
051, 281
367, 025
610 081
658, 275
427, 270
429, 950
182, 775
248, 100
92, 550
87, 591
24,300
34, 650
17, 000
(^)
7,150
3, 225, 924
13, 604, 996, 128
246, 127, 277
76.30
1.81
9, 682, 141, 042
246, 127, 277
161.34
2.65
5, 839, 918, 683
3, 842, 222, 359
• Nontaxable returns. Specific exemptions from normal tax exceed net income.
' Classes grouped to conceal identity of taxpayer.
STATISTICS OF INCOME
61
Table 2. — Individual returns for 1931 by net income classes, showing number of
returns, net income and tax, average tax per return, and average rate of tax, per-
sonal exemption and credit for dependents, tax before tax credits, and tax credits —
Continued
Net income classes
(Thousands of dollars)
Under 1 ' (estimated) _
Under 1 (estimated) . .
1-2 ' (estimated)
1-2 (estimated)
2-3 ' (estimated)
2-3 (estimated)
3-4 1 (estimated)
3-4 (estimated)
4-5 1 (estimated)
4-5 (estimated)
5-61
5-6 ,.
6-71
6-7
7-8 1
7-8-
8-91
8-9
9-101
9-10..
10-11
11-12
12-13
13-14
14-15
15-20-
20-25
25-30.
30^0
40-50...
50-60
60-70.
70-80
80-90
90-100
100-150 -.
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500.
1,500-2,000
2,000-3,000 -.
3,000-4,000
4,000-5,000 -
5,000 and over
Classes grouped 2
Tax before tax credits
Normal tax
$31, 520
^257,'468
1
"3, 288, 337
196, 525
9i2,'628
5ii,'282
Surtax
12y2 percent
on capital
net gain
from sale of
assets held
more than
2 years
Total
$31, 520
"i," 257," 468'
3, 288, 337
2, 196, 525
2, 912, 628
Tax credits
25 percent
of tax on
earned net
income
$7, 879
"3i4,"370'
822, 089
549,133
728, 159
"857,'9i3
121^ percent
on capital
net loss
from sale of
assets held
more than
2 years
3,511,282
'3,"40i,'208
, 401, 208
'i56,'309
737, 168
3,
'2,"883,'554
3, 156, 309
'2,'883,'554"
654, 562
"578,'369"
Total.
Nontaxable returns '.
Taxable returns
848, 573
555, 775
425, 876
279, 595
161, 862
099, 898
643, 347
411,687
613, 109
453, 086
228, 880
984, 230
104, 734
457, 869
034, 942
038, 562
376, 245
255, 539
525, 751
423, 435
479, 425
323, 130
369, 499
152, 825
239, 954
45, 774
125, 175
(2)
4,355
$126, 117
305, 078
404, 321
460, 598
545, 241
4, 044, 692
5, 731, 384
6, 275, 537
12, 363, 342
11,339,007
10, 552, 077
9, 071, 645
8, 356. 755
6, 615, 247
7,114,243
22, 472, 593
13, 735, 149
8, 017, 123
6, 196, 440
7, 960, 632
5, 852, 965
9, 059, 919
5, 344, 008
6, 498, 909
3, 516, 056
4, 152, 827
3, 317, 824
(2)
(2)
6, 648, 509
$177, 221
339, 764
469, 716
636, 746
805, 947
533, 340
544, 295
2, 289, 757
1,446,511
1,110,277
873, 362
1, 655, 786
901, 185
1, 303, 499
1, 508, 883
1, 632, 597
846, 100
660, 807
480, 613
0)
(2)
1, 216, 624
2, 848, 573
2, 681, 892
2, 730, 954
2, 683, 916
2, 622, 460
2, 645, 139
12, 688, 039
12, 143, 071
10, 888, 646
18, 993, 649
15, 907, 651
14, 006, 023
11,813,125
10, 620, 571
8, 183, 529
8, 697, 100
27, 138, 595
16. 437, 199
9, 653, 151
7, 493, 237
10, 095, 843
7, 077, 280
10, 732, 917
7, 005, 716
8, 371, 460
4, 407, 930
4, 928, 809
3, 798, 437
(2)
7, 869, 488
565, 532
527, 084
521, 622
493, 959
482, 979
493, 976
2, 104, 141
1, 674, 519
1, 208, 159
1, 528, 285
816, 994
513, 900
322, 898
212, 040
142, 663
127, 752
274, 731
102, 835
38, 825
25, 313
25, 284
13, 692
12, 735
4,735
3,563
880
1,428
220
144
82, 301, 963
186, 078, 238
19, 423, 030
287, 803, 231
17, 490, 530
82, 301, 963
186, 078, 238
19, 423, 030
287, 803, 231
17, 490, 530
1 Nontaxable returns. Specific exemptions from normal tax exceed net income.
2 Classes grouped to conceal identity of taxpayer.
$843, 752
1, 297, 144
1, 575, 526
1, 567, 170
1,621,237
1, 186, 036
1, 271, 180
3, 728, 610
2, 494, 120
1, 358, 460
770, 841
1, 264, 000
458, 965
937, 150
1, 327, 067
601, 647
589, 893
28,816
6,276
— (2) ■—
1, 257, 534
24, 185, 424
24, 185, 424
62
STATISTICS OF INCOME
Table 3. — Individual returns for 1931 by net income classes, showing simple and
cumulative distribution of the number of returns, net income and tax, and per-
centages
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
Returns
Net income classes
(Thousands of dollars)
Simple distribution
Number
Percent
of total
Cumulative distribu-
tion from highest
income class
Number
Percent
of total
Cumulative distribu-
tion from lowest
income class
Number
Percent
of total
Under 1 (estimated).
1-2 (estimated)
2-3 (estimated)
3-4 (estimated)-
4-5 (estimated)-
5-6-
6-7
7-8-
8-9 — -
9-10-
10-11
11-12
12-13
13-14
14-15-
15-20
20-25-
25-30-
30-40-
40-50 —
50-60
60-70
70-80
80-90
90-100-
100-150 -.
150-200 -
200-250- --.
250-300
300-400
400-500 -.
500-750
750-1,000-
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000—
4,000-5,000
5,000 and over
Total,
185, 391
862, 153
675, 019
574, 600
338, 030
164, 555
100, 803
68, 393
47, 587
36, 317
25, 963
20, 457
16, 335
13, 192
11,009
33, 910
16,888
9,342
9,972
4,994
3,043
1,896
1,337
825
729
1,634
616
269
171
177
91
103
46
40
14
12
6
1
4
3,225,924
5.75
26.73
20.92
17.81
10.48
5.10
3.12
2.12
1.48
1.13
.80
.63
.51
.41
.34
1.05
.52
.29
.31
.16
.09
.06
.04
.03
.02
.05
.02
.009
.005
.006
.0028
.0032
.0014
.0013
.0005
.0004
.0002
.0001
.0001
100.00
3, 225, 924
3, 040, 533
2, 178, 380
1, 503, 361
928, 761
590, 731
426, 176
325, 373
256, 980
209, 393
173, 076
147, 113
126, 656
110,321
97, 129
86, 120
62, 210
35, 322
25, 980
16,008
11,014
7,971
6,075
4,738
3,913
3,184
1,550
934
665
494
317
226
123
77
37
23
11
5
4
100.00
94.25
67.52
46.60
28.79
18.31
13.21
10.09
7.97
6.49
5.36
4.56
3.93
3.42
3.01
2.67
1.62
1.10
.81
.50
.34
.25
.19
.15
.12
.10
.05
.03
.021
.016
.010
.0072
.0040
.0026
.0013
.0008
.0004
.0002
.0001
185, 391
1, 047, 544
1, 722, 563
2, 297, 163
2, 635, 193
2, 799, 748
2, 900, 551
2, 968, 944
3, 016, 531
3, 052, 848
3, 078, 811
3, 099, 268
3, 115, 603
3, 128, 795
3, 139, 804
3, 173, 714
3, 190, 602
3, 199, 944
3, 209, 916
3,214,910
3, 217, 953
3, 219, 849
3, 221, 186
3, 222, Oil
3, 222, 740
3, 224, 374
3, 224, 990
3, 225, 259
3, 225, 430
3, 225, 607
3, 225, 698
3, 225, 801
3, 225, 847
3, 225, 887
3, 225, 901
3, 225, 913
3, 225, 919
3, 225, 920
3, 225, 924
5.75
32.48
53.40
71.21
81.69
86.79
89.91
92.03
93.51
94.64
95.44
96.07
96.58
96.99
97.33
98.38
98.90
99.19
99.50
99.66
99.75
99.81
99.85
99.88
99.90
99.95
99.97
99. 979
99. 984
99. 990
99. 9928
99. 9960
99. 9974
99. 9987
99. 9992
99. 9996
99.9998
99. 9999
100.00
STATISTICS OF INCOME
63
Table 3. — Individual returns for 1931 by net income classes, showing si?nple and
cumulative distribution of the number of returns, net income and tax, and per-
centages— Continued
Net income classes
(Thousands of dollars)
Under 1 (estimated).
1-2 (estimated)
2-3 (estimated)
3-4 (estimated)
4-5 (estimated)
5-6
6-7.
7-8--
&-10_
10-11
11-12
12-13...
13-14
14-15.
15-20
20-25.
25-30
30^0.
40-50.
50-60...
60-70.
70-80
80-90
90-100
100-150
150-200...
200-250
250-300
300-400
400-500
500-750
750-1,000...
1,000-1,500
1,500-2,000
2,000-3,000..
3,000-4,000
4,000-5,000..
5,000 and over
Classes grouped '.
Total 13,604,996,128
Net income
Simple distribution
.Imount
$106,
1, 399,
1,641,
2, 019,
1,496,
897,
651,
510,
403,
344,
272,
234,
203,
177,
159,
582,
376,
255,
342,
222,
166,
122,
100,
69,
69,
196,
105,
59,
46,
61,
40,
61,
40,
48,
24,
28,
20,
43,
621,
430,
594,
673,
043,
467,
218,
708,
212,
394,
021,
886,
833,
861,
471,
619,
026,
097,
88S,
661,
336,
675,
012,
953,
070,
598,
677,
773,
607,
510,
676,
906,
403,
415,
882,
861,
717,
(')
(')
,184,
039
Percent
of total
0.78
10.29
12.07
14.84
11.00
6.60
4.79
3.75
2.96
2.53
2.00
1.73
1.50
1.31
1.17
4.28
2.76
1.88
2.52
1.64
1.22
.90
.74
.51
.51
1.44
.78
.44
.34
.45
.30
.45
.30
.36
.18
.21
.15
.32
100.00
Cumulative distribution
from highest income
class
Amount
$13, 604, 996, 128
13, 498, 374, 236
12, 098, 943, 979
10, 457, 349, 544
8, 437, 676, 326
6, 941, 633, 183
6, 044, 165, 684
5, 392, 947, 164
4, 882, 238, 723
4, 479, 026, 382
4, 134, 631, 793
3, 862, 610, 081
3, 627, 723, 736
3, 423, 890, 530
3, 246, 029, 362
3, 086, 557, 651
2, 503, 937, 744
2,127,911,257
1,872,813,762
1, 529, 924, 779
1, 307, 263, 285
1, 140, 927, 122
1, 018, 251, 644
918, 238, 823
848, 284, 826
779, 214, 146
582, 615, 807
476, 937, 812
417,164,385
370, 556, 859
309, 046, 771
268, 370, 573
206, 463, 700
166, 059, 869
117,644,762
92, 762, 705
63, 901, 162
(■)
0)
43, 184, 039
Percent
of total
100.00
99.22
88.93
76.86
62.02
51.02
44.42
39.63
35.88
32.92
30.39
28.39
26.66
25.16
23.85
22.68
18.40
15.64
13.76
11.24
9.60
8.38
7.48
6.74
6.23
5.72
4.28
3.50
3.06
2.72
2.27
1.97
1.52
1.22
.47
(')
(')
.32
Cumulative distribution
from lowest income
class
$106, 621, 892
1, 506, 052, 149
3, 147, 646, 584
5, 167, 319, 802
6, 663, 362, 945
7, 560, 830, 444
8, 212, 048, 964
8, 722, 757, 405
9, 125, 969, 746
9, 470, 364, 335
9, 742, 386, 047
9, 977, 272, 392
10, 181, 105, 598
10, 358, 966, 766
10, 518, 438, 477
11, 101, 058, 384
11, 477, 084, 871
11,732,182,366
12, 075, 071, 349
12, 297, 732, 843
12, 464, 069, 006
12, 586, 744, 484
12, 686, 757, 305
12, 756, 711, 302
12, 825, 781, 982
13, 022, 380, 321
13,128,058,316
13, 187, 831, 743
13, 234, 439, 269
13, 295, 949, 357
13, 336, 625, 555
13, 398, 532, 428
13, 438, 936, 259
13, 487, 351, 366
13, 512, 233, 423
13, 541, 094, 966
13,561,812,089
(')
(■)
13, 604, 996, 128
Percent
of total
0.78
11.07
23.14
37.98
48.98
55.58
60.37
64.12
67.08
69.61
71.61
73.34
74.84
76.15
77.32
81.60
84.36
86.24
88.76
90.40
91.62
92.52
93.26
93.77
94.28
95.72
96.50
96.94
97.28
97.73
98.03
98.48
98.78
99.14
99.32
99.53
99.68
(')
(0
100.00
1 Classes grouped to conceal identity of taxpayer.
64
STATISTICS OF INCOME
Table 3. — Individual returns for 1931 by net income classes, showing simple and
cumulative distribution of the number of returns, net income and tax, and per-
centages— Continued
Net income classes
(Thousands of dollars)
Tax
Simple distribution
Amount
Percent
of total
Cumulative distribu-
tion from highest
income class
Amount
Percent
of total
Cumulative distribu-
tion from lowest in-
income class
Amount
Per cent
of total
Under 1 (estimated).
1-2 (estimated)
2-3 (estimated)
3-4 (estimated)
4-5 (estimated)
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15...
15-20
20-25
26-30..
30-40.
40-50
60-60
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
760-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
6,000 and over
Classes grouped '
$23, 641
943, 098
466, 248
647, 392
184, 469
653, 369
664, 040
501, 747
305, 185
283, 041
154, 808
209, 332
189, 957
139, 481
151, 163
583, 898
468, 552
680, 487
621,612
793, 613
916, 597
923, 057
787, 294
854, 830
298, 168
135, 254
840, 244
255, 866
697, 083
806, 559
604, 623
783, 032
673, 914
766, 250
817, 157
898, 566
791, 941
(')
0)
611,810
0.01
.38
1.00
.67
.89
1.08
1.08
1.02
.94
.93
.88
.90
.89
.87
.87
4.30
4.25
3.93
6.75
5.60
4.84
4.03
3.57
2.79
2.97
9.40
5.62
3.36
2.72
3.58
2.68
3.97
2.30
3.16
1.65
1.99
1.54
0)
(>)
2.69
$246, 127, 277
246, 103, 636
245, 160, 538
242, 694, 290
241,046,898
238, 862, 429
236, 209, 060
233, 545, 020
231, 043, 273
228, 738, 088
226, 466, 047
224, 300, 239
222, 090, 907
219, 900, 950
217, 761, 469
215, 610, 306
205, 026, 408
194, 657, 856
184, 877, 369
168, 255, 757
154, 462, 244
142, 545, 647
132, 622, 590
123, 835, 296
116,980,466
109, 682, 298
86, 547, 044
72, 706, 800
64, 450, 934
67, 763, 851
48, 947, 292
42, 342, 669
32, 559, 637
26, 886, 723
19.119,473
15, 302, 316
10, 403, 751
(')
(')
6,611,810
100.00
99.99
99.61
98.61
97.94
97.05
96.97
94.89
93.87
92.93
92.00
91.12
90.22
89.33
88.46
87.69
83.29
79.04
76.11
68.36
62.76
57.92
53.89
50.32
47.63
44.56
35.16
29.54
26.18
23.46
19.88
17.20
13.23
10.93
7.77
6.22
4.23
(')
0)
2.69
$23, 641
966,739
3, 432, 987
5, 080, 379
7, 264, 848
9,918,217
12, 582, 257
15, 084, 004
17, 389, 189
19, 672, 230
21, 827, 038
24, 036, 370
26, 226, 327
28, 365, 808
30, 516, 971
41, 100, 869
51, 569, 421
61,249,908
77, 871, 520
91,665,033
103, 581, 630
113, 504, 687
122,291,981
129, 146, 811
136, 444, 979
159, 580, 233
173,420,477
181, 676, 343
188, 373, 426
197, 179, 985
203, 784, 608
213, 567, 640
219, 241, 554
227, 007, 804
230, 824, 961
235, 723, 526
239, 516, 467
(0
(')
246, 127, 277
0.01
.39
1.39
2.06
2.96
4.03
5.11
6.13
7.07
8.00
8.88
9.78
10.67
11.54
12.41
16.71
20.96
24.89
31.64
37.24
42.08
46.11
49.68
52.47
55.44
64.84
70.46
73.82
76.54
80.12
82.80
86.77
89.07
92.23
93.78
95.77
97.31
(0
(0
100.00
Total 246, 127, 277
100.00
' Classes grouped to conceal identity of taxpayer.
STATISTICS OF INCOME
65
Table 4. — Individual returns for 1931 by States and Territories, showing number
of returns and net income by sex and family relationship
[Money 6gares in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
States and Territories
Joint returns of hus-
bands and wives,
with or without
dependent chil-
dren, and the re-
turns of husbands
whose wives,
though living with
them, file separate
returns
Number
of re-
turns
Net in-
come
Single men —
Heads of families
Number
of re-
turns
Net in-
come
Single women —
Heads of families
Number
of re-
turns
Net in-
come
Single men— Not
heads of families
Number
of re-
turns
Net in-
come
Alabama
Alaska '
Arizona
Arkansas
California--- -
Colorado
Connecticut
Delaware
District of Columbia
Florida -
Georgia -
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota -..
Mississippi
Missouri-
Montana
Nebraska -.
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma --
Oregon-
Pennsylvania
Rhode Island
South Carolina
South Dakota.-
Tennessee
Texas
Utah
Vermont
Virginia
Washington-
West Virginia
Wisconsin -.
Wyoming-.
10, 706
46, 717
1,685
4,489
600
1,844
4,185
9,970
3,945
6,174
124, 157
14, 215
29, 906
3,953
19, 083
15, 506
14, 868
4,156
2,947
134, 898
29, 634
16, 235
17, 119
13, 744
14, 235
8,554
31, 728
93, 177
66, 079
30, 598
5,993
41, 337
4,370
14, 195
1,456
6,275
92, 253
2,952
309, 360
12, 953
4,403
84, 902
18, 520
10, 229
130, 038
10, 659
6,033
4,693
16, 041
46, 142
6,011
3,392
18, 267
27, 919
12, 092
47, 278
3,143
14,410
20, 698
473, 700
63, 176
174, 219
31, 429
108, 654
70, 818
70, 524
21, 124
10, 302
742, 230
137, 506
79, 494
65, 878
64, 742
49, 901
44, 425
168, 261
462, 426
324, 152
149, 737
19, 268
211, 897
21, 290
60, 513
6,347
29, 729
495, 464
10, 082
1, 843, 190
59, 189
13, 207
439, 590
69, 783
47, 745
708, 299
63, 009
22, 550
16, 392
73, 661
154, 010
23, 244
16, 567
83, 432
96, 538
52, 900
166, 033
11,893
437
624
7,889
1,842
4,501
665
2,338
1,510
1,706
463
586
22, 377
4,660
4,039
1,448
2,166
2,122
1,125
4,147
13,915
7,205
2,253
702
8,035
1,319
1,724
187
755
14, 871
264
49, 004
1,663
321
15, 508
1,624
2,088
26, 727
1,876
762
343
2,113
4,188
559
953
2,568
2,562
1,379
4,888
471
1,281
1,762
29, 122
5,561
15, 345
2,596
9,225
4,914
5,764
1,353
1,507
74, 886
13, 716
11, 095
4,210
7,003
6,900
3,739
15, 846
42, 349
22, 722
8,150
1,797
23, 552
3,342
5,275
644
2,333
49, 658
808
184, 500
5,144
867
45, 958
4,565
5,413
88, 453
6,226
2,350
1,002
5,959
13, 461
1,547
2,767
8,083
7,208
4,052
13, 114
1,252
182
284
5,903
585
2,306
318
2,603
581
1,013
200
149
9,903
1,596
923
475
1,079
1,096
388
2,129
5,705
2,447
966
359
3,563
323
560
54
316
6,069
104
24, 917
627
144
5,620
637
1,067
9,429
752
373
96
836
2,086
191
422
1,006
1,407
544
1,594
122
560
718
23, 838
2,364
9,683
1,302
7,519
1,961
2,957
1,122
376
30, 147
4,156
2,624
1,380
3,101
3,388
1,404
8,516
19, 036
8,653
3,423
774
10, 525
737
1,543
936
1,211
22, 541
411
96, 486
1,934
311
17, 201
1,648
2,703
35, 830
3,366
1,034
217
2,342
6,796
489
1,161
3,473
3,743
1,689
4,318
318
1,977
1,692
60,511
5,559
14, 157
1,822
10, 860
4,373
4,686
1,345
1,318
64, 450
11,740
4,920
6,239
6,026
5,302
3,331
12, 713
40, 435
30, 220
11, 604
1,836
17, 571
2,847
4,738
1,204
2,821
37, 438
1,032
138, 876
4,342
1,570
36, 640
4,683
4,190
61, 009
4,884
2,148
1,601
5,454
16, 716
2,178
1,698
7,831
10, 760
5,544
20, 129
1,746
4,900
3,423
152, 239
13, 578
42, 448
6,403
29, 724
14, 484
11,748
4,610
2,826
178, 620
27, 216
13, 054
12, 292
15, 267
13,615
12, 185
39, 939
118, 230
74, 469
28, 786
3,303
46, 274
6,793
11,384
3,114
7,199
102, 844
2,492
453, 000
10, 235
2,923
95,211
10, 190
10, 096
175, 719
16, 295
4,620
3,138
13, 351
43, 030
3,894
4,325
19, 377
25, 832
13, 227
39, 497
3,696
Total 1,646,523
8, 210, 345
237, 157
782, 865
104, 649
363, 809
709, 951
1,961,087
1 Included in the State of Washington.
66
STATISTICS OF INCOME
Table 4. — Individual returns for 1931 by States and Territories, showing number
of returns and net income by sex and family relationship — Continued
[Money figures in thousands of dollars]
States and Territories
Alabama..
Alaska 1
Arizona
Arkansas
California
Colorado...
Connecticut
Delaware
District of Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois..
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan.
Minnesota
Mississippi .-.
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico... -
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Total 415,061
Single women— Not
heads of families
Number
of re-
turns
1,949
30, 903
2,532
12, 077
1,201
15, 753
2,669
2,896
1,002
388
32, 845
5,838
3,110
2,728
3,362
2,696
2,320
8,376
33, 950
11,516
6,211
806
8,212
731
2,303
221
1,909
23, 382
475
93, 059
2,478
505
18, 206
2,302
2,274
33, 979
3,485
988
555
2,949
7,807
658
1,158
4,418
4,659
2,056
9,272
306
Net in-
come
4,!
1,683
1,993
96, 021
8,663
46, 541
5,450
38, 691
8,356
8,364
3,888
844,
112, 385
14, 845
9,567
5,757
10, 015
7,753
9,847
32, 193
117, 962
33, 341
15, 999
1,474
26, 239
1,859
5,680
750
6,735
80, 532
1,398
370, 466
6,770
944
60, 074
4,664
5,568
127, 904
15, 998
2,191
1,113
8,178
21, 950
1,591
3,916
11, 349
11, 162
6,102
21, 846
1, 402, 237
Wives filing
separate returns
from husbands
Num-
ber of
returns
407
357
201
7,351
546
2,359
325
1,283
701
560
162
276
6,286
1,066
623
486
614
1,468
500
1,805
6,322
2,156
1,221
192
1,638
132
420
119
401
4,741
312
18, 841
562
70
3,933
476
333
6,666
719
232
99
724
5,439
188
180
599
2,021
503
1,520
103
88, 238
Net in-
come
2,302
1,189
662
34, 686
3,320
21,114
3,864
6,816
4,682
3,550
1,772
827
44, 142
6,691
3,384
2,099
3,151
4,489
3,172
12, 374
40, 920
17, 680
7,435
531
12, 995
646
1,725
633
2,036
34, 725
860
160, 993
4,771
218
31,319
2,745
1,629
57, 195
6,265
1,115
268
3,760
14, 843
1,099
1,118
3,651
6,227
2,364
7,180
379
591, 613
Community
property
income ^
Num-
ber of
returns
12, 008
2,015
190
250
6,780
2,453
Net in-
come
4,722
157,495
1,668
21, 626
1,617
2,181
79, 584
24, 148
24,345 293,040 3,225,924
Grand total
Number
of re-
turns
19, 532
248,
25,
65,
8,
51,
25,
25,
7,
5,
270,
54,
29,
27,
26,
28,
16,
60,
193,
119,
52,
9,
80,
9,
23,
3,
12,
178,
5,
634,
22,
7,
164,
28,
20,
267,
22,
10,
7,
28,
89,
9,
7,
34,
51,
22,
84,
5,
035
873
722
279
306
284
920
340
729
328
864
759
534
850
495
991
934
218
898
504
623
853
888
356
722
940
431
477
754
389
057
625
013
809
242
181
848
375
536
387
117
158
785
803
689
781
118
681
891
Net in-
come
70,30»
28, 746
29, 256
967, 099
96, 662
309, 351
51, 045
200, 628
105, 215
102, 907
33, 869
18, 350
1.182,411
204, 131
119,218
91, 616
103, 280
107, 674
74, 771
277, 129
800, 923
481,018
213, 531
27, 146
331, 483
34, 667
86, 120
14. 042
49, 243
785, 764
18, 231
3, 108, 634
88. 043
18, 470
689, 352
93, 594
73, 155
1, 193, 40O
111,159
33, 859
22, 131
107, 251
333, 673
31, 864
29, 853
129, 365
174, 858
80,334
251, 988
18, 177
13, 604, 996
1 Included in the State of Washington.
> See footnote 2 on p. 6.
STATISTICS OF INCOME
67
Table 5. — Individual returns for 1931 by net income classes, showing number of
returns and net income by sex and family relationship
(Money figures and net income classes in thousands of dollars)
JFor text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
Net income classes
Under 1 ' (estimated) . .
Under 1 (estimated)
1-2 1 (estimated)..
1-2 (estimated)
2-3 1 (estimated)
2-3 (estimated)-
3-4 ' (estimated)
3-4 (estimated).
4-5 1 (estimated)
4-5 (estimated)
5-6 >
5-6
6-7 1
6-7
7-8 1
7-8
8-9'..
S-9
9-10 1.. _..
9-10-..
10-11
11-12
12-13-...
13-14
14-15..
15-20
20-25
25-30
30-40
40-50
50-60...
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500-.-
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over 1
Classes grouped 2...
Total.
Nontaxable returns 1.
Taxable returns
Joint returns of hus-
bands and wives,
with or without
dependent chil-
dren, and the re-
turns of husbands
whose wives,
though living with
them, file separate
returns
Number of
returns
89, 339
616
180, 445
2,596
246, 296
7,413
360, 121
70, 321
119,617
150, 549
17, 102
109, 236
7,083
67, 979
4,474
45, 510
3,234
30, 905
2,584
22, 690
17, 638
13, 831
10, 727
8,637
7,198
20, 962
10, 046
5,323
5,468
2,691
1,616
1,033
692
445
398
846
335
148
98
102
55
62
28
14
8
4
5
1
2
1, 646, 523
1, 030, 295
616, 228
Net in-
come
50, 855
361
279, 222
4,429
618, 598
18,519
1, 261, 348
262, 540
519, 364
674, 805
92, 208
596, 549
45, 723
439, 154
33, 422
339, 725
27, 396
261, 785
24, 523
215, 078
184, 783
158, 783
133, 824
116,453
104, 283
359, 556
223, 599
145, 300
187, 986
120, 050
88, 198
66, 807
51, 752
37, 732
37, 685
101, 103
57, 602
32, 883
26, 590
35, 295
24, 655
37, 222
24, 406
16, 867
14, 174
10, 496
(2)
(2)
m
46, 657
Single men —
Heads of families
Number
of re-
turns
8, 210, 345
2, 952, 659
5, 257, 686
7,239
2
64, 834
102
80, 996
1,693
36,251
5,276
6,857
11,004
857
6,106
396
3,620
291
2,380
184
1,592
149
1,216
955
777
622
463
399
1,220
560
303
348
143
97
53
56
16
21
52
8
4
4
7
237, 157
198, 054
39, 103
Net in-
come
4,262
2
109, 433
179
195, 228
3,991
123, 895
19,771
29, 701
49, 322
4, 636
33, 292
2,549
23, 327
2,177
17, 741
1,555
13, 476
1,413
11,539
10,018
8,918
7,762
6,246
5,777
21, 009
12, 407
8,240
11,994
6,399
5,333
3,443
4,160
1,369
2,002
6,271
1,320
916
1,049
2,359
(2)
8,384
782, 865
474, 849
308, 016
Single women-
Heads of families
Number
of re-
turns
3,817
1
39, 896
30
31,852
HI
11,145
828
2,432
2,554
939
1,765
560
1,200
389
963
266
696
238
490
593
477
420
327
277
894
527
266
271
155
82
48
37
14
20
34
15
8
3
3
3
2
1
104, 649
91, 534
13, 115
Net in-
come
2,329
1
67, 186
50
76, 039
284
38, 001
3,115
10, 665
11,387
5,116
9,668
3,622
7,761
2,899
7,199
2,255
5,921
2,252
4,664
6,226
5,490
5,246
4,419
4,008
15, 376
11,774
7,284
9,237
6,842
4,510
3,106
2,777
1,171
1,872
4,188
2,624
1,692
843
1,083
1,399
m
(2)
2,227
363, 809
210, 364
153, 445
Single men— N ot
heads of families
Number
of re-
turns
46, 354
158
120, 503
226, 374
15, 780
184, 260
4,380
45, 364
2,386
18, 815
1,166
9,838
911
6,415
654
4,248
485
2,985
478
2,479
2,188
1,630
1,399
1,161
947
3,108
1,612
965
1,059
534
365
224
157
103
75
191
72
37
28
21
9
14
7
7
1
4
709, 951
193, 097
516, 854
Net in-
come
26, 978
101
177, 106
394, 485
36, 830
436, 494
15, 037
154, 885
10, 689
83, 604
6,371
53, 665
5,897
41,445
4,890
31, 723
4,107
25, 290
4,544
23,516
22, 904
18, 723
17,461
15, 642
13,714
53, 564
35, 861
26, 333
36, 554
23, 818
19, 893
14, 475
11,748
8,732
7,150
23, 299
12, 171
8,326
7,699
7,246
3,882
8,413
6,061
8,871
(2)
(2)
10, 888
1,961,087
292, 451
1, 668, 636
■ Nontaxable returns. Specific exemptions from normal tax exceed net income.
' Classes grouped to conceal identity of taxpayer.
68
STATISTICS OF INCOME
Table 5. — Individual returns for 1931 by net income classes, showing number of
returns and net income by sex and family relationship — Continued
(Money figures and net income classes in thousands of dollars)
Net income classes
Under 1 ' (estimated)
Under 1 (estimated)
1-2 1 (estimated)
1-2 (estimated)
2-3 1 (estimated)
2-3 (estimated)..
3-4 I (estimated)
3-4 (estimated)
4-5 1 (estimated)
4-5 (estimated).
5-6 1... _ _
5-6..
6-7'-..
6-7....
7-81
7-8..
9-101
9-10
10-11..
11-12....
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60....
60-70
70-80
80-90
90-100
100-150
150-200
200-250.
250-300.
300-400
400-500
500-750.-
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000 -.
4,000-5,000
5,000 and over
Classes grouped 2.
Total
Nontaxable returns 1.
Taxable returns
Single women — Not
heads of families
Num-
ber of
returns
23, 826
240
94, 209
16, 519
17, 490
76, 054
7,461
23,115
4,198
11,353
1,985
5,946
1,460
4,052
1,116
3,043
828
2,260
732
1,816
2,000
1,644
1,388
1,132
942
3,523
1,938
1,187
1,313
709
435
259
185
126
102
262
88
46
17
17
14
13
6
5
3
3
153, 305
261, 756
Net in-
come
14, 139
136
141, 662
200, 556
42, 494
180, 734
25, 793
79, 173
18, 739
50, 669
10, 839
32, 527
9,452
26, 220
8,355
22, 761
7,023
19, 159
6,949
17, 238
20, 980
18, 875
17, 329
15, 269
13, 655
60, 848
43, 249
32, 410
45, 373
31, 660
23, 832
16, 723
13, 894
10, 692
9,639
31, 875
15, 298
10, 189
4,677
5,969
6,322
7,522
5,505
5,761
5,262
14,812
1, 402, 237
285, 444
1, 116, 793
Wives filing
separate returns
from husbands
Num-
ber of
returns
7,986
5,813
9,470
7,175
5,393
7,681
3,746
6,592
2,299
5,966
1,246
2,848
975
2,178
830
1,696
657
1,361
617
1,085
1,369
1,185
983
861
697
2,548
1,441
827
991
521
323
190
162
89
81
191
77
19
15
22
7
88, 238
33, 219
65, 019
Net in-
come
4,338
3,120
14, 167
10, 955
13, 399
18, 985
13, 099
23, 016
10, 300
26, 798
6,807
15, 560
6,313
14, 095
6,206
12, 681
5,569
11,556
5,858
10, 292
14, 338
13, 623
12, 261
11, 606
10, 093
43, 886
32, 132
22, 584
34, 083
23, 177
17,657
12, 354
12, 077
7,536
7,687
22, 725
13, 042
4,203
4,075
7,737
3,105
5,372
3,621
9,723
(2)
(2)
(2)
Num-
ber of
returns
9,803
591,613
86, 054
505, 559
Community
property
income ^
249
5,272
230
3,744
155
2,644
134
2,000
106
1,637
1,220
913
796
611
549
1,655
764
471
522
241
125
24, 345
874
23,471
Net in-
come
1,366
28,863
1,482
24,180
1,163
19, 766
1,142
16, 977
1,005
15, 527
12, 773
10, 474
9,951
8,228
7,942
28, 381
17, 004
12, 946
17, 661
10, 716
6,911
5,767
3,605
2,723
3,036
7,136
3,620
1,563
1,674
1,822
1,312
1,281
5,042
293, 040
6,158
286, 883
Grand total
Number
of
returns
178, 561
6,830
509, 357
352, 796
397, 807
277, 212
423, 104
151,496
137, 789
200, 241
23, 544
141,011
11,615
89, 188
7,909
60, 484
5,788
41, 799
4,904
31,413
25, 963
20, 457
16, 335
13, 192
11,009
33,910
16, 888
9,342
9,972
4,994
3,043
1,896
1,337
825
729
1,634
616
269
171
177
91
103
46
40
14
12
6
1
4
3, 225, 924
1, 700, 378
1, 525, 546
Net in-
come
102, 902
3,720
788, 777
610, 654
982, 588
659, 006
1, 477, 173
542, 500
599, 457
896, 586
127, 342
770, 125
75, 038
576, 181
59, 113
451, 596
49,046
354, 166
46, 542
297, 853
272, 022
234, 886
203, 833
177, 861
159, 472
682, 620
376, 026
255, 097
342, 889
222, 661
166, 336
122, 675
100, 013
69, 954
69, 071
196, 598
105, 678
59, 773
46, 608
61,510
40, 676
61, 907
40, 404
48, 415
24, 882
28,862
20, 717
m
(')
43,184
13, 604, 996
4, 307, 979
9, 297, 018
1 Nontaxable returns. Specific exemptions from normal tax exceed net income.
2 Classes grouped to conceal identity of taxpayer.
' See footnote 2 on p. 6.
STATISTICS OF INCOME
69
Table 6. — Individual returns for 19S1 by States and Territories, showing sources
of income and deductions, net income, and net loss for prior year
(Thousands of dollars)
[For text defining certain items and describing mettiods of tabulating and estimating data, see pp. 1-4)
States and Territories
Sources of income
Wages
and sal-
aries
Business
Part-
ner-
ship I
Profit from sale
of real estate,
stocks, bonds,
etc.
Report-
ed for
tax on
capital
net gain
All
other
Rents
and
royal-
ties
Interest
on Gov-
ern-
ment
obliga-
tions
not
wholly
exempt
from
tax
Divi-
dends on
stock of
domestic
corpora-
tions
Alabama
Alaska'
Arizona
Arkansas
California
Colorado
Connecticut
Delaware.-- --
Dist. of Columbia-
Florida
Georgia
Hawaii --
Idaho- -.-
Dlinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi. -
Missouri
Montana
Nebraska
Nevada
New Hampshire---
Ne w Jersey. - -
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming -.-
46, 932
9,360
5,629
409
1,003
6,045
75
10, 375
Total.
17,
19,
521,
53,
162,
20,
142,
54,
73,
19,
11,
808,
139,
63,
47
64,
70,
32,
157,
448,
309,
137,
19,
226,
22,
50,
7,
22,
508,
9,
,911,
62,
12,
481,
66,
48,
636,
58,
24,
11,
72,
191,
22,
16,
82,
114,
50,
166,
10,
r,026
5,
', 743
6,
,495
154,
,118
17,
2,174
34,
i,792
4,
2,122
25,
,128
19,
,476
12,
,489
4,
,242
5,
«,237
135,
,412
32,
,831
29,
',190
24,
,106
15,
), 187
15,
2, 483
13,
^449
32,
;, 501
106,
),215
65,
M63
34,
i, 101
6,
5,761
39,
2, 653
6,
1, 509
20,
r.076
2,
2,912
9,
<, 554
96,
', 313
4,
,334
372,
2, 025
12,
2, .332
5,
,168
81,
,272
16,
,,522
14,
,216
167,
,107
12,
,254
6,
,884
6,
,026
15,
,126
61,
,139
5,
,322
4,
M80
19,
,192
34,
,879
13,
,823
42,
,973
4,
1,705
2,
59, 617
5,425
9,367
1,427
7,937
5,648
5,111
963
940
54, 381
10, 569
9,266
6,347
6, 055
7,177
2,913
13, 107
30, 405
18, 470
12, 349
2,462
15, 133
1,874
6,433
1,281
2,227
27, 267
1,298
207, 387
4,687
1,362
26, 226
6,934
4,497
64, 006
3,735
2,132
1,923
6,925
29, 226
1,460
1,126
6,541
8,324
4,496
11,780
9,2961
757
2,970
1,284
1,175
4,630
866
116
22, 176
1,028
408
1,319
177
8
1,407
3,196
8,628
13,285
463
3,232
224
75
204
5,612
1
54, 020
676
3,919
308
110
15, 708
666
22
688
6,211
24
13
355
2,665
149
1,261
8, 325, 162 1, 889, 759
729,523
1,085
295
46, 545
1,917
5,798
1,016
3,766
2,376
2,028
623
297
18, 861
3,273
1,958
1,876
1,846
2,356
1,778
4,943
11,998
11,398
2,471
537
4,:
1,191
970
256
626
12, 121
450
59, 598
1,395
14"
11,588
2,628
1,060
42, 500
1,886
525
441
2,307
15, 659
419
383
1,846
2,975
1,306
4,253
221
2,803
3,480
105, 074
6,187
14, 438
1,728
9,736
8,401
8,209
2,137
1,154
67, 702
13, 097
9,474
11, 823
7,236
10, 239
3,221
13, 576
25, 094
26, 929
10, 177
2,405
20, 940
1,795
6,764
898
2,475
32,239
1,622
108, 703
7,204
1,239
42, 669
11, 553
4,687
52, 742
5,392
2,694
1,883
7,445
44,719
1,551
1,238
9,416
10, 003
7,036
12, 341
1,150
16
24
1,448
263
514
60
324
352
123
14
12
2,077
906
150
154
381
223
140
345
1,152
386
432
1,
46
97
33
144
743
12
5,027
285
5
2,990
144
89
2,489
223
44
20
166
883
26
26
224
203
266
254
20
169,949 301,664 770,764
2,
2,
176
20
115
38
24
25
20,
10,
1
221
34
18,
10
23
16
20
68,
229
118
41,
2,
68
4
10,
2,
13
158,
2,
826
29
1
162,
12,
7,
332,
36
4,
1
17
43,
5
7,
25
20,
18
42,
1
25,325 3,113,861
' For explanation of item, see p. 9.
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years,
pp. 7 and 8.)
3 Included in the State of Washington.
(See
70
STATISTICS OF INCOME
Table 6. — Individual returns for 1931 by States and Territories, showing sources
of income and deductions, net income, and net loss for prior year — Continued
(Thousands of dollars)
Sources of income
Deductions
Net loss
from sale
of real
estate,
Net loss
States and Terri-
tories
Interest
stocks,
bonds,
from
busi-
Net
Net loss
for prior
and
Total
etc..
ness
Contri-
All
Total
year <
other
mcome
other
and
butions
Other 3
mcome
than re-
ported
for tax
credit on
capital
net loss 2
part-
ner-
ship
Alabama
7,836
89, 005
3,167
772
1,951
12, 805
18, 696
70, 309
207
Alaska '
Arizona . .
3,698
36, 006
1,312
571
389
4,988
7,260
28,746
95
Arkansas
3,332
39, 667
947
550
946
7,967
10,411
29,256
219
California
119,067
1, 215, 977
58, 862
15, 944
14, 748
159, 324
248, 878
967, 099
2,702
Colorado..-
12, 441
119,651
5,570
1,380
2,009
14, 031
22, 989
96, 662
301
Connecticut .
34, 631
5,510
16, 086
390, 884
76, 651
236, 239
30, 301
11,587
8,314
1,949
830
730
8,342
1,426
3,834
40, 941
11,762
22, 733
81,532
25, 606
35,611
309, 351
51,045
200, 628
409
7
Dist. of Columbia.. -
380
Florida
13, 581
137, 802
7,223
1,335
2,36S
21, 661
32, 587
105, 215
353
Georgia
7,315
131, 367
6,356
971
2,846
18, 287
28, 460
102, 907
423
Hawaii
2,369
1,664
127, 934
42, 164
21, 858
1, 484, 519
1,076
315
102, 620
297
227
10, 123
719
203
25, 315
6,202
2,764
164, 049
8,295
3,508
302, 108
33, 869
18, 350
1,182,411
Idaho
19
Illinois
2,836
Indiana
12,516
250, 547
10,115
2,458
4,839
29,004
46,416
204, 131
358
Iowa
14, 075
149, 349
4,439
1,145
2,763
21, 785
30, 131
119,218
1,149
Kansas . .
9,752
8,982
114,272
130, 056
2,202
5,989
1,731
1,453
2,184
2,724
16, 538
16,611
22, 656
26, 777
91,616
103, 280
230
Kentucky
122
Louisiana ...
13, 968
137, 074
7,122
1,195
2,061
19, 023
29, 401
107, 674
510
Maine.
13, 872
33, 922
100, 003
91, 886
338, 760
984, 875
5,386
20, 216
69, 156
628
2,458
4,990
1,857
5,709
16, 826
9,243
33, 249
92, 980
17, 115
61,631
183, 952
74, 771
277, 129
800,923
70
Maryland
414
Massachusetts
1,001
Michigan
50, 840
622, 253
32, 693
5,420
11,606
91,516
141,235
481, 01?
4,975
Minnesota
23, 615
2,993
265, 842
36, 586
13,712
852
1,482
658
5,206
872
31,910
7,058
52,311
9,440
213,531
27, 146
483
Mississippi
76
Missouri
32, 928
418,962
24, 481
2,305
9,688
51, 006
87, 479
331, 483
315
Montana
3,075
40, 949
954
466
429
4,433
6,282
34, 667
330
Nebraska
10, 034
106, 469
2,943
938
1,931
14, 536
20, 349
86, 120
125
Nevada
1,075
5,859
17, 157
58, 849
659
2,843
160
286
216
911
2,081
6,565
3,115
9,606
14,042
49, 243
67
New Hampshire
11
New Jersey
96, 560
2,079
404, 236
959, 213
21,915
4, 064, 223
50, 173
325
437, 906
3,568
245
30, 114
17, 886
259
79, 430
101, 822
2,855
408, 139
173, 449
3,684
955, 589
785, 764
18,231
3, 108, 634
1,045
New Mexico
136
New York
16, 432
North Carolina
4,732
124,081
5,811
943
4,164
25, 120
36, 038
88, 043
509
North Dakota
1,828
23, 427
391
374
424
3,769
4,958
18, 470
100
Ohio .-
44, 108
8,467
7,628
165, 480
870, 572
126, 202
89, 250
1,530,911
50, 968
4,014
2,599
102, 021
5,742
2,594
702
12, 302
19,282
2,359
1,082
37, 691
105, 229
23, 641
11,713
185, 497
181, 220
32, 608
16, 095
337,511
689, 352
93, 594
73, 155
1,193,400
1,357
Oklahoma
174
Oregon
111
Pennsylvania
2,293
Rhode Island
14, 466
138, 186
9,905
875
3,078
13, 168
27, 026
111,159
466
South Carolina
3, 425
44, 263
1,118
554
1,265
7,468
10, 404
33, 859
77
South Dakota
2,195
27, 251
467
306
397
3,950
5,120
22, 131
62
Tennessee
8,986
40, 430
2,924
3,846
12, 593
15, 384
3,740
134, 280
438, 555
40, 256
35, 549
161,132
210, 289
101, 231
4,622
10, 890
1,754
1,207
7, 006
8,349
4,257
1,058
6,394
277
219
1,093
1,386
585
3,295
7,295
702
750
4,187
2,241
2,023
18, 054
80, 302
5,659
3,520
19, 480
23, 455
14, 033
27, 029
104, 881
8,393
5,696
31, 767
35,431
20, 897
107, 251
333, 673
31, 864
29, 853
129, 365
174, 858
80, 334
282
Texas.
1,640
Utah.
81
Vermont
8
Virginia
194
Washington
387
West Virginia
105
Wisconsin
35, 692
1,533
320, 543
21, 443
15, 263
307
1,553
349
5,358
214
46, 380
2,396
68, 555
3,267
251, 988
18, 177
90
Wyoming
20
Total
1, 573, 302
17, 268, 451
1, 160, 765
134, 685
328, 300
2, 039, 705
3, 663, 454
13, 604, 996
43,754
» Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
(See pp. 7 ond 8.)
3 Includes "taxes paid" and "interest paid" (see tables 8 and 8A) and other deductions.
« This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. The figures exclude,
in all years, amounts for net incomes under $5,000.
* Included in the State of Washington.
STATISTICS OF INCOME
71
Table 7. — Individual returns for 1931 by net income classes, showing sources of
income and deductions, net income, and net loss for prior year
(Money figures and net income classes in thousands of dollars)
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1^]
Net income classes
Under 5 (est.)..
5-6
6-7
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60.
60-70
70-80
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3.000-4,000
4,000-5,000
5,000 and over...
Classes grouped '
Total 8,325,162
Sources of income
Wages
and sal-
aries
, 005, 134
623, 721
427, 714
319, 571
239, 884
199, 548
150, 631
127,910
106, 870
90, 894
80, 725
271, 088
155, 549
98, 709
113, 852
69, 486
49, 210
32, 551
26, 216
15, 946
16, 998
40, 478
16, 802
9,583
8,076
9,102
6,512
5,349
2,095
1,602
1,619
1,537
157
(«)
(«)
43
Business
1, 123, 029
143, 597
102, 634
78, 451
59, 760
47, 908
37, 823
30, 934
25, 356
21, 504
18, 675
61, 658
34, 238
20, 345
25, 971
14, 638
9,868
7,874
3,465
3,175
2,841
6,554
4,114
753
825
1,253
873
1,122
410
62
Part-
ner-
ship I
Profit from sale
of real estate,
stocks, bonds,
etc.
Report-
ed for
tax on
capital
net
gain 2
237, 376
52, 756
40, 051
33, 645
29, 351
24, 356
20, 323
17, 190
16, 385
14,113
12, 855
47, 582
30, 949
21, 096
29, 470
18, 662
15, 985
12, 242
8,019
5, 650
5,298
13, 770
8,508
4,314
3,790
1,653
1,633
1,699
904
1,427
2,910
3,766
5,638
6, 605
4,598
4,398
19, 053
12, 960
12, 058
9,338
14,914
8,301
12, 338
12, 302
13,462
7,098
5,206
3,845
m
(«)
9,733
1,889,759 729,523 169,949 301,664
All
other
105, 090
14, 002
11,440
10, 600
9,881
8,876
8,086
7,299
6,344
6,264
5,590
22, 797
15, 965
12, 072
17,215
10, 101
4,935
3,171
2,421
1,
1,009
4,044
1,530
1,067
2,
1,813
1,118
1,883
149
2,412
345
35
Rents
and
royal-
ties
464, 428
43, 758
32, 355
26, 237
20, 730
16, 620
13, 958
11,901
10,244
9,311
7,926
28, 611
17,417
11, 776
14, 368
8,912
6, 036
4,059
2,980
2,266
2,261
4,489
3,122
1,308
572
2,971
443
1,020
378
49
226
11
17
(6)
(«)
770, 764
Interest
on Gov-
ernment
obliga
tions not
wholly
exempt
from tax
1,464
1,265
1,187
1,048
3,795
2,754
1,773
2,670
2,060
1,066
916
711
405
513
1,203
408
114
155
307
70
206
12
Divi-
dends on
stock of
domes-
tic cor-
pora-
tions
530, 187
110,586
104, 696
96,511
88, 796
85, 166
72, 655
67, 232
62, 511
60, 600
53, 585
230, 940
167, 489
124, 291
171, 689
117,923
97, 565
74, 362
64, 551
48, 588
53,315
147, 021
78, 979
52, 218
37, 909
47, 241
33, 200
59,041]
31,861
34, 832
22. 519
23, 643
20, 267
(6)
(«)
41, 892
25,325 3,113,861 369,140
Fidu-
ciary 1
88, 514
19,200
17, 048
14, 618
13, 499
12, 084
11,210
10, 131
9,073
8,382
7,382
31,719
22, 475
16, 270
21,877
15,280
9,944
7,586
6,039
3,621
3,750
6,501
3,365
1,569
670
1,739
613
2,060
1,180
1,204
498
1
40
1 For explanation of item, see p. 9.
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years,
pp. 7 and 8.)
5 Less than $500.
' Classes grouped to conceal identity of taxpayer.
(See
72
STATISTICS OF INCOME
Table 7. — Individual returns for 1931 by net income classes, showing sources of
income and deductions, net income, and net loss for prior year — Continued
(Money figures and net income classes in thousands of dollars)
Sources of income
Deductions
Net in-
come
Net Income classes
1
Interest
and
other
income
Total in-
come
Net loss
from
sale of
real
estate,
stocks,
bonds,
etc.,
other
than re-
ported
for tax
credit on
capital
net
loss a
Net loss
from
busi-
ness
and
part-
ner-
ship
Con-
tribu-
tions
All other 3
Total
L>Jet loss
for prior
year*
Under 5 (est.)
5-6
703, 112
90, 169
73, 175
61, 999
52, 498
45, 273
36, 530
32,715
28, 729
25, 340
23,049
88, 804
66, 280
37, 666
48, 034
31, 172
23, 977
15, 353
13, 239
9,760
9,762
21,001
10, 374
7,974
2,957
4,804
1,713
5,110
2,144
2,936
768
1,838
1,163
(«)
3,895
8, 256, 869
1, 097, 789
809. 112
641, 631
514, 399
439. 830
362, 680
306, 676
266, 699
237, 466
210, 708
786,994
503, 116
343, 986
446, 573
291, 145
222, 352
163, 751
134, 247
95, 198
100, 145
264. 113
140, 162
90, 969
67, 140
85, 695
64, 478
89, 827
61, 619
66, 642
32, 817
32, 672
25, 543
(9)
(9)
55, 629
347, 262
53, 133
47, 503
42, 010
38, 907
34, 167
30, 719
28, 356
26, 479
26, 096
21. 706
93, 863
56, 608
39, 519
42, 661
26, 619
25, 212
17, 695
14, 695
12, 195
14, 879
29, 330
16, 972
18, 318
11, 686
11,337
5,991
13, 938
2,589
3.233
2,911
1,832
361
(9)
(«)
3,086
62, 560
5,176
4,384
3,710
3,207
2,718
2,849
2,913
1,631
2,013
1,738
6,097
5,129
2,761
4,316
3,726
2,340
1,706
1,633
948
2,471
3,422
1,023
1,091
469
800
636
889
842
308
164
71
1,044
125, 321
19,428
14. 590
11,768
9,478
8,182
6,664
5,876
5,265
4,838
4.232
16, 220
11, 272
7,714
10,928
7,159
5,997
4,557
3,834
2,682
2,484
8,663
4,506
2.909
2,074
3,100
2,076
3,582
2,537
1,679
1,578
708
1,957
(8)
(9)
4,444
1, 058, 364
122, 584
91,417
73, 435
59,594
50, 370
40, 426
34, 546
29, 491
27, 648
23, 562
88, 194
54, 081
38, 895
45, 880
30, 980
22, 467
17, 118
14, 172
9,418
11,241
26, 099
11, 983
8,867
6,303
8,948
5,099
9,511
5,147
3,007
3,282
1,200
1,463
(9)
(9)
4,914
1, 593, 507
200, 321
167, 894
130, 923
111,187
96, 436
80, 668
71, 689
62, 866
59, 596
51. 236
204, 374
127, 089
88, 889
103, 684
68. 483
66, 016
41, 076
34, 234
25,244
31, 074
67, 516
34. 484
31, 185
20, 532
24,185
13, 801
27,920
11,115
8,227
7,936
3,810
4,826
(«)
(9)
12,445
6, 663, 363
897, 467
651, 219
610, 708
403, 212
344, 395
272, 022
234, 886
203, 833
177, 861
159, 472
582, 620
376, 026
255, 097
342, 889
222, 661
166, 336
122, 675
100, 013
69,954
69, 071
196, 598
105, 678
59, 773
46,608
61, 510
40, 676
61, 907
40, 404
48, 415
24,882
28,862
20, 717
(9)
(9)
43, 184
"'1,515
6-7 -
1,245
7-8
1,025
8-9
1,233
9-10
974
10-11 . .—
958
11-12
773
12-13
810
13-14
751
14-15 .
731
15-20 —
3,050
20-25
2,208
25-30 _
1,875
30-40 _
2,958
4(}-50
2,102
50-60 _ -
2,035
60-70 -
1,533
70-80 - --
1,224
80-90 - --
699
90-100
402
100-150 --
2,310
150-200.-
1,765
200-250. --
664
250-300
2,390
300-400. -.
1,896
400-500
836
500-750
2,406
750-1,000
1,00(^-1,500
1,129
1,500-2,000
2,000-3,000
2,266
3,000-4,000 -
4,000-5,000
5,000 and over
(jlasses grouped «. .
Total
1, 573, 302
17, 268, 451
1, 160, 765
134, 685
328, 300
2, 039, 70£
3,663,454
13, 604, 996
43, 754
' Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
(See p. 9.)
' Includes "taxes paid" and "interest paid" (see tables 8 and 8A) and other deductions.
* This item appears in tables 1 and 2 of Statistics of Income for 1929 and earlier years. The figures exclude,
in all years, amounts for net incomes under $6,000.
• Classes grouped to conceal the identity of taxpayer.
STATISTICS OF INCOME
73
Table 8. — Individual returns for 1931 of net income of $5,000 and over, by States
and Territories, showing taxes paid other than Federal income tax, and interest
paid
[For text defining items, see pp. 16 and 17]
States'and Territories
Taxes paid other than Federal income
tax '
Total
Reported in
deductions
from total
income
Reported
in busi-
ness de-
ductions
Interest paid
Total
Reported in
deductions
from total
income
Reported
in busi-
ness de-
ductions
Alabama...
Alaska*
Arizona
Arkansas
Cahfornia
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas.-
Kentucky
Louisiana
Maine
Maryland
Massachusetts..
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota.
Ohio
Oklahoma
Oregon...
Pennsylvania
Rhode Island
South Carolina.
South Dakota
Tennessee
Texas
Utah ,
Vermont
Virginia...
Washington
West Virginia
Wisconsin
Wyoming
$1, 376, 301
$1, 268, 911
$107, 390
$2, 319, 114
2, 237, 742
Total 312,477,
588, 759
487, 872
, 721, 760
, 890, 513
, 959, 202
, 543, 870
. 014, 674
, 601, 762
582, 205
335, 763
188, 737
463, 331
019, 566
475, 827
793, 828
499, 362
782. 155
829, 805
712. 156
191,883
567, 684
767, 559
528, 855
821,995
700, 566
487, 128
313, 636
262, 576
769, 823
298, 893
282, 519
521, 156
269,416
054, 240
019, 552
937, 352
776, 640
867, 258
702, 315
434,411
345, 891
594, 977
442, 932
654, 481
258, 505
285, 972
538, 950
658, 125
254, 946
446, 477
443, 211
19, 329, 889
1, 684, 133
6, 560, 912
2, 497, 205
3, 809, 147
2, 404, 405
2, 412, 695
1, 256, 754
144,612
17,597,405
3, 648, 788
2, 179, 142
1,480,096
2, 294, 660
1, 625, 981
1,621,217
5, 344, 981
24, 946, 339
12, 896, 163
4, 436, 840
461,613
6, 542, 170
611,376
1, 291, 428
258, 296
1,132,085
15, 903, 879
240, 522
79, 268, 368
2, 384, 205
233, 675
12, 368, 736
1, 864, 609
1, 790, 352
23, 939, 999
2, 693, 739
654, 239
364, 695
2, 062, 260
5, 886, 031
406, 771
583, 683
2,951,317
2, 049, 542
1, 400, 970
6, 324, 307
177, 782
294, 165, 390
142, 282
619, 259
44, 661
574, 611
2, 391, 871
25, 656, 167
206, 380
2, 122, 717
398, 290
10, 338, 285
46, 665
4,060,143
206, 527
5, 210, 930
197, 357
3, 053, 767
169, 510
3, 786, 248
79, 009
1,692,116
44, 225
172, 977
865, 926
33,931,916
370, 778
4, 263, 338
296, 685
3,111,411
313,732
1, 769, 665
204, 702
2,914,910
156, 174
2, 559, 201
208, 588
1, 840, 502
367, 175
6. 832, 324
1, 246, 544
17, 152, 466
671, 531
18, 157, 614
330, 719
5, 291, 237
67,242
449, 624
279, 825
8, 838, 396
89, 191
622,986
196, 700
1, 884, 690
55, 341
243, 691
130, 491
1, 033, 990
865, 944
21,918,566
58, 371
330,946
2, 024, 151
90, 830. 995
136, 951
4, 213, 404
35, 741
247, 826
686, 504
21, 909, 766
155,043
2, 648, 765
147, 000
1, 517, 830
1, 836, 641
44, 662, 717
173, 519
2, 635, 810
48, 076
765, 143
69, 716
383, 142
283, 641
3, 545, 727
708, 946
9, 609, 230
36, 161
796, 618
70, 798
609, 108
307, 188
4, 088, 902
236, 430
3, 207, 681
137,980
2, 692, 896
333, 818
6,881,462
77, 164
287, 620
18, 312, 294
393, 086, 138
567, 178
520, 427
23, 605, 937
1, 950, 762
9, 926, 353
3, 986, 870
4, 931, 067
2,910,116
3, 606, 886
1, 638, 610
144, 899
32, 714, 739
4, 013, 128
2, 828, 113
1, 655, 406
2, 772, 697
2,418,310
1, 723, 399
6, 338, 468
16, 179, 230
17,461,422
4, 976, 839
407, 095
8, 526, 864
572, 476
1,714,279
200, 613
922, 227
20, 960, 478
287, 499
87, 258, 787
4,131,571
229, 230
21, 296, 162
2, 480, 629
1, 398, 629
42, 379. 149
2, 430, 795
712, 987
335, 205
3, 360, 062
8, 804, 611
764, 441
633, 154
3,811,693
2, 868, 519
2, 462, 445
5, 618, 479
229, 314
373, 602, 771
$81, 372
52, 081
64,184
2, 149, 230
171,955
411,932
74, 273
279, 873
143, 661
180, 362
63, 606
28, 078
1,217,177
250, 210
283, 298
214, 259
142, 313
140, 891
117, 103
493, 856
973, 236
696, 092
314, 398
42, 529
311, 542
50, 510
170,411
43, 078
111, 763
958, 088
43, 447
3, 572, 208
81, 833
18, 596
614, 693
168, 136
119, 301
2, 283, 668
205, 015
52, 156
47, 937
185, 665
704, 619
31, 077
75, 954
277, 209
339, 162
130, 461
262, 983
68, 206
19, 483, 367
1 Excludes also certain income taxes paid foreign countries.
2 Included in the State of Washington.
74
STATISTICS OF INCOME
Table 8A. — -Individual returns for 1931 of net income of $5,000 and over, by net
income classes, showing taxes paid other than Federal income tax, and interest paid
[For text defining items, see pp. 16 and 17]
Net income classes
(Thousands of dollars)
5-6
6-7
7-8
8-9
9-10.—
10-11
11-12.
12-13
13-14...
14-15
15-20
20-25
25-30
30-40
40-50-.-.
50-60..
60-70
70-80
80-90
90-100
100-150..
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Total...
Taxes paid other than Federal
income tax '
Total
142, 463
408, 572
325, 429
307, 290
621, 179
535, 810
765, 978
209, 578
390, 936
144, 919
764, 276
771, 608
327, 294
992, 054
409, 233
572, 999
031, 891
314, 716
261, 890
105, 950
986, 738
186, 922
426, 769
719, 188
770, 781
040, 379
921,413
172, 662
751, 049
825, 722
201, 774
071, 454
45, 278
953, 490
312, 477, (
Reported in
deductions
from total
income
$36, 347, 984
26, 891, 312
21, 380, 273
16, 909, 015
14, 533, 474
11, 717, 063
10, 059, 192
8, 545, 071
7, 861, 190
6, 724, 639
26, 398, 986
15, 984, 563
11,915,810
14, 486, 286
10, 072, 129
7, 365, 614
4,913,215
5, 219, 820
3,167,871
4, 032, 814
7, 771, 168
4,114,910
2, 397, 014
1,711,620
2, 754, 027
2, 034, 609
2,912,178
1, 143, 551
728, 789
820, 481
195, 674
1, 056, 280
45, 278
1,953,490
294, 165, 390
Reported
in business
deductions
$3, 794, 479
2, 517, 260
1,945,156
1, 398, 275
1, 087, 705
818, 747
706, 786
664, 507
529, 746
420, 280
1 , 365, 290
787, 045
411,484
505, 768
337, 104
207, 385
118,676
94, 896
94, 019
73, 136
215, 570
72, 012
29, 755
7,568
16, 754
5,770
9,235
29,111
22, 260
5,241
6,100
1.5, 174
18, 312, 294
Interest paid
Total
$53, 926, 561
40, 530, 221
31, 736, 174
26, 174, 613
22, 060, 583
16, 864, 977
14, 727, 508
12, 618, 061
11, 299, 045
9, 404, 161
35, 110, 695
21, 452, 410
13, 869, 608
16, 169, 840
11,665,256
7, 201, 036
5, 348, 903
4, 749, 646
3, 258, 329
3, 805, 966
9, 809, 441
3, 783, 684
3, 326, 437
2, 325, 611
2, 274, 415
1, 217, 582
2, 421, 422
1, 454, 028
1,011,661
936, 776
384, 796
46, 741
1, 101, 239
1, 018, 712
393, 086, 138
Reported in
deductions
from total
$49, 699, 767
37, 835, 394
29, 676, 577
24, 629, 584
20, 893, 506
15, 925, 799
14, 004, 538
11,929,330
10, 830, 545
9, 003, 731
33, 666, 147
20, 695, 608
13,511,875
15, 726, 509
11,089,507
6, 995, 846
5, 268, 169
4, 664, 645
3, 194, 280
3, 782, 207
9, 402, 607
3, 726, 537
3, 320, 190
2,325,611
2, 268, 009
1, 188, 091
2, 405, 565
1, 453, 464
1, 005, 659
933, 246
383, 536
46, 741
1, 101, 239
1,018,712
Reported
in business
deductions
373, 602, 771
$4, 226, 794
2, 694, 827
2, 059, 597
1, 545, 029
1, 167. 077
939, 178
722, 970
688, 731
468, 500
400. 430
1, 444, 548
756, 802
357, 733
443, 331
575, 749
205, 190
80, 734
85,001
64,049
23, 759
406, 834
57. 147
6.247
6,406
29,491
15,857
564
6,002
3,530
1,260
19. 483. 367
1 Excludes also certain income taxes paid foreign countries.
STATISTICS OF INCOME
75
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4]
ALABAMA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12K per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12J4 per
cent on
capital
net
loss
Under 1 i (est.)
Under 1 (est.)
1-2 1 (est.)
1,229
64
3,833
1,813
2,728
1,334
3,009
740
805
1,044
$702, 851
25, 733
5, 875, 146
3, 132, 856
6, 750, 765
3,177,508
10, 484, 013
2, 654. 312
3, 496, 590
4, 684. 837
$180
$239
$59
1-2 (est )
4,557
6,075
1,518
2-3 ' (est )
2-3 (est.)
11, 488
15,317
3.829
3-4 1 (est )
3-4 (est )
6,423
8,564
2,141
4-5 ' (est.)
4-5 (est.)
10, 122
13, 495
3,373
5-6'
154 830. 510
5-6
735
49
454
35
330
28
223
19
151
115
89
76
61
51
174
68
48
19
19
10
5
5
4
5
6
4, 004, 762
315, 200
2, 934, 690
261, 690
2, 468, 844
239, 147
1,890,481
181,532
1, 428, 081
1, 202, 229
1,022,811
948, 117
823, 227
737, 802
2, 986, 267
1, 499, 228
1, 296, 403
619, 130
845, 312
542, 063
310, 780
365, 456
342, 668
480, 895
747, 361
12, 638
16, 546
3,908
6-7 '
6-7
13, 141
16, 694
3,453
7-8 '
7-8
12, 887
15, 977
3,090
8-9 '
8-9
12, 359
15, 181
2,822
9-10 '
9-10
10, 407
8,440
8,240
9,504
10, 834
10, 348
53, 609
39, 946
44, 744
29, 204
48, 714
30, 224
17, 235
37, 322
35, 973
66, 039
95, 889
12,929
9,675
8,664
10, 033
10, 632
9,642
42, 212
27, 141
19, 845
11,135
10, 445
12,061
4,661
5,982
5,632
13, 126
3,499
2,522
1,760
1,709
2,403
1,894
1,755
9,297
8,485
4,855
2,123
2,801
10-11
$525
1,285
1,874
2,096
2,461
20, 694
21, 290
29,754
20, 671
42, 512
35, 580
23, 749
23, 049
33, 690
54, 671
60, 279
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
$252
1,.534
$731
40-50
2. 976
50-60 -
1,573 15.844
60-70
684
798
1,158
1,758
1,025
10, 491
70-80
10, 328
1,384
1,239
80-90
3,575
90-100
100-150
33, 142
6
150-200
200-250
250-300
300-400 .
400-500
500-750
750-1,000
1,000-1, .500
1,500-2,000
2,000-3,000
3 000-4 000
4,000-5,000
Total
19, 532
70, 309, 297
640, 467
325, 302
374, 180
46, 640
70, 793
.34. 862
Summary for pre-
ceding years: 3
1930
22, 605
25, 818
26, 891
27, 992
28,540
26, 278
47, 591
51, 049
43, 612
43,009
93, 900, 510
122, 569, 172
142, 167, 220
133, 224, 614
136, 523, 003
130, 024, 575
159, 918, 982
159, 064, 390
126, 908, 473
117,108,806
1, 353, 584
2, 087, 718
4, 035, 792
2, 455, 166
2, 449, 196
2, 326, 213
2, 771, 221
2, 840, 975
2, 892, 298
2, 713, 826
1929
1928
1927
1926
:::;:::::::..
1925
1924
1923
1922
1921
■
For footnotes, see p. 124.
177160—34 6
76
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
ARIZONA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credit
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12.14 per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 1 (est.)
483
6
1,037
973
839
883
1,025
531
327
664
48
444
22
215
10
134
14
105
9
47
43
39
28
16
5
30
15
9
20
8
$261, 680
3,398
1, 624, 965
1, 704, 433
2, 048, 709
2, 093, 909
3, 599, 804
1, 890, 783
1, 422, 992
2, 961, 843
258. 735
2, 419, 351
141,918
1, 381, 273
75, 970
1, 000, 321
119, 212
886. 134
86, 057
443, 453
452, 980
448, 136
350, 545
214, 233
72, 259
516, 850
324, 853
251, 024
689, 203
359, 943
Under 1 (est.)
$32
$43
$11
1-2 1 (est.)
1-2 (est.)
2,702
3,603
901
2-31 (est.)
2-3 (est.)
7,593
10, 124
2,531
3-41 (est.)
3-4 (est.)
5,811
7,748
1,937
4-51 (est.)
4-5 (est.)
8,573
11,431
2,858
6-6 >
5-6....
9,924
12, 909
2,985
6-71
6-7..
7,343
9,353
2,010
7-81.. _ _
7-8
6,594
8,209
1,615
8-91....
8-9
7,636
9,032
.
1,396
9-101
9-10...
4,398
4,316
6.495
6,146
2,755
1, 685
11,209
12. 022
11,257
29, 589
25, 094
5,462
4,959
6,518
6,375
2,611
1,576
8,963
8,215
5,882
10, 479
6,298
1,064
862
604
915
398
137
1,374
767
1,092
2,747
207
10-11.
$219
581
686
542
246
3,620
4,574
6,467
23, 737
18, 397
11-12.
12-13
13-14.
14-15
15-20
20-25
25-30.
30-40
$1,880
40-50
$606
50-60.
60-70
70-80-
1
m
(2)
m
80-90
90-100
100-150
5
(2)
(2)
m
(>)
(2)
0
(^)
150-200
200-250.
250-300 ..
300-400.
400-500
600-750-.
750-1,000
1,000-1,500.
1,500-2,000 .
2,000-3,000
3,000-4,000
5,000 and over. ...
640, 857
76, 106
13, 428
48, 505
26, 446
1,269
10,004
Total
8,035
28, 745, 823
247,280
153, 218
107, 574
26, 052
27, 680
11, 884
ceding years: >
10, 590
12, 448
11,527
11,059
10, 509
10,104
21, 301
22, 899
20, 079
18, 477
42, 775, 084
60, 788, 434
58, 368. 659
45, 837, 158
41,716,578
41, 382, 939
58, 273, 049
59, 526, 474
48, 459, 738
48, 310, 197
684, 279
1,113,774
1, 600, 308
697, 800
498, 896
544, 963
611, 987
603, 100
687, 026
1929
1927
1926
1925
1924
1923
1922.
1921
516, 637
1
For footnotes, see p. 124.
STATISTICS OF INCOME
77
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
ARKANSAS
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Num-
ber of
returns
Normal
tax
Surtax
12>^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
123^2 per-
cent on
capital
net
loss
Under 1 1 (est.)
Under 1 (est.).
1 2 ' (est )
1,140
31
2,131
677
1,698
629
1,473
310
350
522
56
287
19
173
12
106
12
79
3
61
48
21
19
24
16
46
21
10
6
1
2
$658, 955
15,C95
3, 234, 398
1, 161, 022
4, 235,- 108
1, 242, 614
5, 075, 798
1, 121, 750
1, 512, 496
2, 347, 683
305, 029
1, 568, 261
122, 836
1, 107, 432
88, 465
793, Oil
103, 158
670, 491
28, 056
483, 296
502, 427
239, 090
235, 848
323, 230
232, 583
788, 876
449, 294
267, 235
195, 579
(^)
(*)
$58
$77
$19
1 2 (est )
1,933
2,577
644
9 1 1 Cftst )
4,604
6,138
1,534
3-4 1 (est )
3 4 (est )
2,735
3,646
911
4-5 ' (est )
4-5 (est )
6,028
6,704
1,676
5-61
6-6
6.443
7,002
1,659
6-71
6-7
6,072
6,350
1,278
7-8 '
7-8
4,454
5,431
977
g-91
8-9
4,432
5,441
1,009
9-10 1
9-10
3,890
3,551
1,963
2,437
4,062
4,400
14, 770
12, 920
6,854
8,326
(2)
(^)
4,714
4,372
2,195
2,501
3,894
3,990
12,094
8,035
1,732
2,628
(»)
(2)
824
1,039
467
495
561
435
2,585
1,254
643
801
(')
10-11 -
$218
225
431
729
845
5,261
6,139
5,765
6,599
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40.
40-50
50-60
60-70
70-80
80-90
90-100-
100-150.
150-200
200-250
250-300
300-400.
400-500.
500-750
750-1,000
1,000-1,500..
1,500-2,000
2,000-3,000.
3,000^,000-...
4,000-5,000
6,000 and over
146, 66£
10, 89S
2,602
8,533
237
Total..
9,87C
29, 256, 38J
107, 83(
92, 023
34, 74J
18, 938
ceding years: '
1930..
12,49(
15, 8I;
16,66
. 17, 33
. 19, 36
. 20, 59
. 35, 48
- 35, 78
. 32, 07
- 33,83
) 43, 282, 98f
J 68, 910, 93(
) 71, 689, 79;
I 75, 553, 89(
i 84, 661, 07(
7 84, 474, 35
1 110, 255, 41S
i 109, 793, 63
2 95, 625, 67
3 92, 616, 90
241, 78-
) 712, 95'
I 877, 74"
) 1, 339, 95'
3 1, 481, 27
3 1, 434, 50^
i 1,458,49
1 2. 050, 41
i 2, 314, 40
I 1,866,16
1929
1928
J
1927.
I
1926
I
1925
1
1924.
3-
1923
1922
3
1921
1
1
For footnotes, see p. 124.
78
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
CALIFORNIA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
1214 per-
cent on
capital
net
loss
Under 1 ' (est.)
17, 624
225
40, 543
27, 077
30, 203
23, 833
28, 844
11, 744
8, 025
15, 839
1,556
12, 048
834
7,610
571
4,967
392
3,232
363
2,310
1,732
1,319
1, 047
822
664
2,133
972
608
641
313
188
106
81
34
44
96
36
13
8
9
10
4
$10, 117, 628
130, 447
61,816,706
46, 979, 507
74, 575, 641
56, 637, 321
99, 813, 058
41, 973, 861
34, 926, 232
70, 804, 709
8, 448, 158
65, 801, 642
5, 386, 163
49, 084, 007
4, 278, 041
37, 081, 612
3, 320, 913
27, 356, 772
3, 440, 555
21, 881, 339
18, 138, 905
1.5, 143, 604
13, 068, 888
11,072,711
9, 618, 292
36, 587, 419
21, 690, 836
16, 674, 273
21, 868, 725
13,943,947
10, 396. 384
6, 900, 771
6, 047, 616
2,864,890
4, 180, 710
11, 465, 357
6, 045, 766
2, 933, 570
2, 276, 444
3, 128, 679
4, 564, 345
2, 294, 776
Under 1 (est.)
1 "^ 1 Cest )
$825
$1, 100
$276
1-2 (est.)
70, 342
93, 789
23,447
2 3 ' (est ')
2-3 (est )
211,915
282, 553
70, 638
3-4 1 (est )
3-4 (est.)
134, 273
179, 031
44, 758
4 5 ' (est )
4-5 (est )
186, 426
248, 668
62, 142
5-6 1
5-6
266, 199
365, 439
89, 240
6-7 '
6-7
263, 307
334, 737
71, 430
7 8>
7-8
240, 450
300, 137
59, 687
8-9 •
8-9
212, 927
262, 092
49, 166
9-10 1
9-10
198, 088
242. 898
44, 810
36, 244
31, 455
29, 832
31, 750
25, 132
113, 385
86, 955
74, 763
96, 184
52, 536
36, 435
23, 521
14, 831
10, 362
7,255
16, 235
7, 522
2,841
2,635
2,146
1,690
13
10-11 . ---
171, 709 198, 652
168, 992 181, 161
169, 704 173, 438
153. 136 156. 308
$8,301
19, 296
26,098
28, 578
32, 494
251,664
332, 033
417, 172
778, 667
704, 532
664, 936
523, 928
510, 106
290, 857
425, 089
1, 215, 622
856, 317
359, 892
309, 849
446, 685
522, 647
333, 494
11-12 - -
12-13 -— -
13-14 -.- -
14-15
145, 951
750, 151
646, 779
672, 892
1, 117, 206
914, 403
796, 373
623, 504
567, 847
331, 791
488, 555
1, 442, 965
896, 129
436, 719
434, 224
549, 164
773, 291
406, 856
138, 589
611,872
400, 701
330, 473
458, 151
281, 485
220, 482
169, 763
107, 201
63, 437
71, 043
162, 532
136, 315
30, 903
74, 387
61,428
76, 860
25, 282
15-20
20-25
25-30
30-40 — -
$15, 644
24. 068
14, .562
18, 476
45, 543
2,661
36, 300
177, 791
35,954
80, 914
52, 623
54,447
182, 638
62, 776
$38, 976
40-50 .- ---
43, 142
50-60 .
67, 172
60-70
66, 142
70-80
80, 172
80-90
14, 802
90-100 -
36, 622
100-150
97, 745
160-200
124,935
200-2,50
32, 149
260-300 - - -
300-400
11, 250
400-600
7,164
500-750
14, 683
750-1 000
1 000-1 500
2
2, 337, 884
290, 187
899
1,007
288, 287
6
1 500-2 000
2,000-3 000
3,000-4 000
4,000-6 000
Total -..
248, 722
967,099,004
14,732,280
6, 431, 696
9, 059, 264
1, 092, 584
1, 217, 310
633, 964
Summary for pre-
ceding years: '
1930
293. 04S
309,047
316, 73S
315, 66f
315, 344
305, 07-1
511, 21f
617, m
420, 92:
386, 08i
1, 330, 603, 65J
1, 689, 896, 424
1, 765, 573, 13C
1, 582, 676, 25J
1, 571, 673, 685
1, 490, 419, 79i
1, 741, 063, 671
1, 697, 902, 80r
1 1,357,524,52
> 1,168,021,445
27, 136, 067
45, 360, 275
63, 707, 136
46, 044, 994
46, 238, 34e
37, 127, 167
37, 880, 665
39, 958, 78C
43, 778, 932
36, 438, 435
1929
1928
1927
1926
1926
1924
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
79
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
COLORADO
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
1214 per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
123^ per-
cent on
capital
net
loss
Under 1 ' (est.)
2,082
34
4, 518
2,159
3,630
1,780
3,298
1,185
878
1,540
181
1,070
86
608
58
430
41
321
44
226
209
132
89
74
82
226
106
44
57
27
18
12
4
6
4
7
2
$1, 172, 554
16, 886
6, 838, 093
3, 743, 283
9, 002, 925
4, 243, 654
11,383,770
4, 219, 993
3, 843, 221
6, 901, 002
978, 679
5, 841, 060
559, 055
3, 930, 509
430, 510
3, 202, 860
344, 749
2, 722, 370
416, 467
2,140,096
2, 191, 790
1, 516, 162
1,110,456
999, 599
1, 188, 572
3, 850, 423
2, 346, 027
1, 190, 188
1, 938, 673
1, 205, 027
978, 624
766, 485
292, 877
515,564
382, 338
868, 798
1, 191, 208
Under 1 (est.)-
$96
$128
$32
1-2 I (est.) - -
1-2 (est.)
5,944
7,926
1,982
2-31 (est.)
2-3 (est.). -.
16, 020
21, 360
5,340
3-41 (est.)
3-4 (est.)
13, 338 17. 784
4,446
4-51 (est.)..
4-5 (est.)
16, 431
21,908
5,477
5-61
5-6
17, 994
23, 858
5,864
6-71
6-7
17,371
22, 079
4,708
7-8 1
7-8
17, 176
21, 307
4,131
8-91.
8-9
17,050
20, 653
3,603
9-101
9-10
14, 674
16, 910
13, 423
11,930
12, 904
15, 603
68, 946
64, 644
42, 164
88, 533
75, 985
72, 034
65, 835
23, 794
50, 188
31, 196
82, 719
19, 083
19. 451
14, 238
11,780
12, 558
14, 368
52, 757
37, 658
18, 783
26, 922
25, 505
13, 302
4,582
1,768
4,134
2.667
4. 48.1
4,409
3,560
2,781
2,035
2,166
2,794
9,383
8, 560
4,433
5,014
4,099
1,600
792
342
816
174
903
1,210
(2)
10-11
$1,019
1,966
2,185
2,512
4,029
25, 572
35, 546
27, 814
68, 169
60, 603
61, 239
52, 173
19, 888
52, 630
43, 205
112,934
172, 261
(2)
11-12
12-13
13-14
14-16
15-20
20-25
25-30 .
30-40
$876
114
2,861
9,872
6,151
808
$2,420
40-50.
6,138
50-60
3,768
60-70
70-80
3,671
80-90
6,568
90-100 .
14, 502
100-1.50
1,529
4,750
35, 326
150-200
187,4521 2.5.190
13, 539
200-250
m
(2)
(2)
250-300 . -
300-400
3
1, 136, 831
156, 783
132, 612
44, 898
18
20, 709
400-500
500-750
1
(2)
{")
(2)
(a)
750-1,000 . .
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
1
Classes grouped 2
1, 060, 322
160, 906
684
153, 004
22, 763
242
15, 303
Total
25, 279
96, 661, 700
1, 378, 043
466, 918
1, 029, 361
94, 622
90, 914
121, 944
Summary for pre-
ceding years: ^
1930 .
28, 986
31, 268
31,091
31, 727
35, 110
35, 808
73, 350
72, 366
67, 463
69, 676
125, 795, 609
158, 751, 528
158, 931, 875
148, 473, 486
154, 804, 655
150,363,411
205,087,973
200, 572, 724
184, 572, 407
174, 490, 980
2, 439, 796
3, 534, 404
4, 459, 057
3, 307, 180
2, 959, 248
2, 840, 926
3, 162, 736
3, 267, 732
4, 869, 555
3, 862, 862
1929
1928
1927
1926
1925
1924 .
1923
1922
1921
For footnotes, see p. 124.
80
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
CONNECTICUT
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
( Thousands of
dollars)
Normal
tax
Surtax
12}^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
121^ per-
cent on
capital
net
loss
Under 1 i (est.)
3,016
222
8,891
8,016
7,710
5.617
7,509
2,976
3,051
3,793
791
2,742
485
1,975
287
1,349
271
919
222
740
661
529
444
361
291
880
516
257
309
145
105
48
31
31
18
54
22
5
6
3
5
1
1
1
$1, 763, 691
141,323
13. 977, 848
13, 799, 296
19, 070, 064
13, 381, 912
26, 310, 779
10, 637, 156
13, 369, 146
16,933,379
4, 293, 116
15, 087, 262
3. 142, 292
12, 800, 870
2, 143, 803
10, 093, 238
2, 297, 415
7, 780, 905
2, 099, 678
7, 019, 168
6, 925, 730
6, 076, 793
5, 545, 411
4, 866, 045
4, 213, 382
15, 175, 783
11, 521, 983
7, 002, 344
10, 669, 685
6, 398, 632
5, 747, 355
3, 119, 741
2, 318, 745
2, 626, 158
1, 715, 920
6, 627, 863
3, 827, 891
1,121,973
1, 673, 059
2, 281, 619
(2)
(2)
Under 1 (est.)
$698
$931
$233
1-2 1 (est.)
1-2 (est.)
18, 462
24, 616
6,154
2-3 1 (est.)
2-3 (est.)
47, 052
62, 736
15, 684
3-4 1 (est.)
3-4 (est.)
32, 468
43, 291
10, 823
4-5 1 (est.)
4-5 (est.)
40, 510
54, 014
13, 604
5-6 1
5-6
49, 273
64, 026
14, 753
6-71
6-7 -
53, 835
68, 904
15,069
7-81
7-8 -
49, 396
62, 866
13, 470
8-9 1 - -.
8-9 -.-
44,131
55, 892
11, 761
9-101
9-10
48, 278
45, 969
50, 944
51,842
47, 533
39, 845
227, 995
263. 169
231, SOS
479, 914
379, 172
393, 677
243, 363
205, 600
218, 782
183, 566
760, 684
537, 879
134, 452
265, 306
350, 936
(2)
(2)
61, 123
54, 622
54, 818
52, 262
46, 376
45, 475
165, 305
130, 456
86, 625
141, 213
93, OSO
71, 302
36, 358
23, 772
21, 801
7,578
42, 630
35, 397
5,196
8,751
12, 845
11, 837
11, 953
11, 469
11, 340
19, 980
44, 588
44, 724
26, 776
37, 515
19, 049
11, 493
5,339
3,764
5,555
1,932
5,546
3,488
608
1,396
10-11
$3, 184
8,079
11, 049
12, 497
14, 350
107, 278
177, 437
171,659
386, 852
324, 509
366, 404
238, 492
210, 755
253, 143
186, 666
812, 236
500, 708
182, 695
260, 984
(')
414, 527
(2)
(n
(0
11-12
12-13 - -
13-14 .
14-15 .
15-20
20-25 . . . . -
25-30 .
30-40 -.
$7, 434
7,952
18, 215
12, 130
2,744
15, 497
4,816
. 36, 361
53, 780
$18, 070
40-50 -.
.27,320
60-60
50, 751
60-70
38, 278
70-80
27, 907
80-90..-
66, 104
90-100
13, 562
100-150
124, 997
150-200
48, 518
200-250
52,831
250-300 --
14, 742
(2)
60
17, 775
300-400
400-500
197
296
63, 552
500-750
(')
750-1 000
(2)
(2)
h)
1 000-1 500
(^)
1 500-2 000
2 000-3 000
3 000-4 000
4 000-5 000
3, 752, 809
570, 989
20, 446
390, 588
197, 030
471
36, 604
Total
65, 306
309, 351, 262
6, 067, 228
1, 642, 059
5, 034, 092
370, 761
393, 415
586, 269
Summary for pre-
ceding years: ^
1930
74, 821
82, 049
81, Of.3
77, 778
81, 449
74, 595
143, 406
149,820
128,431
123, 369
400, 674, 216
501, 547, 753
522. 496, 52S
451,001,651
433, 776, 846
404, 498, 337
478, 174, 249
473, 804, 719
401, 720, 143
343, 017, 180
11,435,656
23, 693, 045
23, 104. 139
16, 117, 674
13,751,314
13, 533, 997
12, 593, 904
11, 199, 184
13, 130, 562
10, 633, 045
1929
1927
1925
1924
1923
1922
1921
1
For footnotes, see p. 124.
STATISTICS OF INCOME
81
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
DELAWARE
Num-
ber of
returns
Ne income
Tax
Tax before tax credits
Tax credit?
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12K per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
123/2 per-
cent on
capital
net
loss
Under 1 ' (est.)
546
29
1,548
842
1,037
653
880
352
301
457
74
283
49
178
35
134
25
92
30
79
65
62
63
34
40
119
63
43
56
21
22
10
7
5
5
11
11
5
3
1
7
3
2
2
$317,211
14, 880
2,420,438
1,461,188
2, 555, 863
1, 558, 679
3,039,793
1, 246, 740
1, 329, 732
2,051,157
403, 828
1, 546, 709
315,872
1, 150, 562
260, 120
1, 003, 322
213, 454
775, 875
282, 191
753, 185
681, 933
714, 106
786, 045
459, 259
583, 247
2, 065, 499
1, 420, 826
1. 172, 048
1,911,348
935, 218
1, 227, 522
649, 200
522, 143
422, 834
465, 484
1, 336, 055
1, 801, 849
1, 090, 233
873, 209
3, 138, 363
1, 752, 975
(2)
2, 300, 140
Under 1 (est.)
1-2 I (est.)
$126
$168
$42
1-2 (est )
2,356
3,141
785
2-3 ' (est.)
2-3 (est.)
5,755
7,674
1,919
3-4 1 (est.) —
3-4 (est.).-
3,519
4,691
1,172
4-5' (est.)
4-5 (est.) -.
4,552
6,069
1,517
5-6 1..
.
5-6
4,971
6,481
1,510
6-71
6-7
4,292
5,563
1,271
7-8 1... .
7-8
4,442
5,721
1,279
8-91
8-9
4,742
5,837
1,095
9-10 1 .
9-10- .
3,996
3,271
4,634
5,439
3,294
6,081
28,541
32, 344
35. 024
77, 966
53, 332
79, 984
48. 630
33, 360
26, 816
28,935
169, 578
229, 285
173. 075
90, 389
(2)
445, 548
304, 997
0)
329, 455
5,410
3,909
4,614
5,506
3,154
5,497
18, 637
12, 890
9, 565
19, 336
11,768
11,788
5,622
4,196
5,270
1, 5.50
14, 253
8,617
1,438
689
1,414
958
919
1, 585
1,051
1,486
4,992
3, 155
3, 433
4,794
2,567
2,408
1,807
863
1, 023
834
1,217
1,874
13
401
10-11..
$320
939
1,518
1,191
2,070
14, 896
22, 609
28, 892
69, 050
48, 603
83, 321
51, 692
38, 273
34, 879
51, 742
174, 823
266, 414
176,318
142, 627
(2)
542, 026
207, 358
W
443, 348
11-12..
12-13
13-14
14-15
15-20
20-25
25-30
30-40
$528
$6, 154
40-50
4, 472
50-60
12,717
60-70..
293
8,327
7,997
7,170
70-80
16, 573
80-90.. __
20, 307
90-100
23,523
100-150
404
1,384
17
4,372
18, 685
150-200
45, 256-
200-250
4,685
250-300
56, 898
300-400
C)
40O-500-.
17, 042
79,098
229
10
113,291
500-750
22, 878
4, 327
750-1,000
W
1,000-1,500
393
113,500
1,500-2,000
2,000-3,000
3,000-4,000-
4,000-5,000
5,000 and over
Classes grouped 2-_.
2, 034, 152
35, 172
381, 810
346, 638
Total
8,284
51, 044, 537
2, 283, 901
221, 932
2, 784, 719
119,462
48,016
794, 196
Summary for pre-
ceding years: 3
19.30 -
9,342
9,780
9,592
9,266
9,301
9,131
18,892
19, 202
17, 141
15, 889
64, 913, 288
148, 850, 300
107, 335, 477
90, 262, 899
70, 544, 423
54, 897, 972
64, 179, 747
57, 186, 685
53,981,068
43, 676, 893
3, 927, 732
14, 524, 946
10, 592, 886
7, 970, 035
5, 100, 884
2, 780, 200
2, 432, 617
1, 402, 093
1, 833, 712
1,284,365
1929
1928 .
1927...
1926-. .
1925-
1924
1923
1922
1921-
For footnotes, see p. 124.
82
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits: also total number, net income, and tax for prior years — Continued
DISTRICT OF COLUMBIA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12^ per-
cent on
capital
net
gain
26 per-
cent of
tax on
earned
net
income
1234 per-
cent on
capital
net
loss
Under 1 1 (est.)
748
119
5,690
13, 223
3,594
7,001
4,172
3,273
1,306
3,930
211
2,721
107
1,520
68
915
33
609
35
430
343
248
199
169
136
444
198
130
133
64
49
31
16
13
6
15
12
5
3
$481, 630
64,746
8, 993, 275
22, 778, 107
8, 859, 264
16, 420, 131
14, 532, 931
11,828,232
5, 632, 768
17, 507, 837
1,135,515
14, 866, 305
690, 517
9, 779, 649
507, 008
6, 831, 690
277,611
5, 158, 154
334, 468
4, 083, 984
3, 608, 608
2, 856, 757
2,488,412
2, 282, 061
1, 968, 040
7,637,113
4, 401, 605
3, 523, 509
4, 574, 858
2, 863, 035
2,661,350
1,980,878
1, 200, 436
1,087,966
570, 071
1,783,118
2, 050, 774
1, 090, 079
Under 1 (est.)
$553
$738
$186
1-2' (est.)..
1-2 (est.)
33, 743
44,991
11,248
2-3 1 (est.)
2-3 (est.)
60, 385
80, 613
20, 128
3-4 1 (est.)
3^ (est.).
29, 491
39, 321
9,830
4-5 I (est.)
4-5 (est )
41, 953
56, 937
13, 984
5-61
5-6
54, 814
71, 886
17, 072
6-71...
€-7
51,873
65, 279
13, 406
7-8 >... .
7-8.-
39, 470
49, 450
9,980
8-9 1
8-9 .
35, 287
43, 977
8,690
«-10i
«-10
33, 375
32, 028
30, 726
30, 940
30, 512
29, 428
159, 699
133, 119
138, 951
234, 567
201, 532
209, 790
181,954
124, 039
105, 634
78, 455
218, 737
334, 134
152, 649
41, 354
37, 533
33, 344
32, 096
30, 518
28, 955
138, 446
86, 012
72, 823
106, 689
75, 374
67, 870
41, 227
24, 672
18, 742
13, 162
30, 632
37, 855
11,418
(2)
7,979
7,478
6,681
6,265
5,894
6,129
32, 673
20, 511
18, 103
26, 024
11,383
11, 204
6,470
3,404
2,640
668
3,936
2,430
622
(>)
10-11
$1, 973
4,063
6,099
5,888
6,602
53, 826
67, 618
84, 231
162, 648
143, 259
160, 505
137, 868
107,113
97, 926
60, 530
174, 775
289, 368
165, 766
(2)
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
$1,061
6,875
11,244
17, 666
3,095
10, 691
5,374
48, 588
13, 402
6,694
(2)
$10, 807
40-50
11,593
50-60
18, 625
«(^-70
9,337
70-80
7,337
80-90
19, 185
-90-100
53
100-150..
31,323
150-200 ..
4,061
200-250
30, 606
250-300
(»)
300-400
400-500
1
(')
(2)
w
.500-750
750-1,000
1,00(V-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000 .
5,0(X) and over
1, 235, 855
166, 869
113
176, 958
23, 269
83
33,378
Total
61,920
200, 628, 347
2, 974, 707
1, 380, 827
1, 906, 016
146, 849
282, 679
176, 305
Summary for pre-
ceding years: '
1930
51, 044
48, 087
44, 183
39, 560
40, 024
43, 293
77, 836
75, 796
77, 923
89, 966
217, 558, 448
242, 282, 698
227, 620, 606
198, 938, 042
198, 055, 768
200, 353, 699
253,312,253
221, 950, 528
231, 328, 739
248, 345, 804
4, 200, 940
6, 408, 622
7, 474, 643
6, 027, 133
5, 526, 436
5,718,046
5, 765, 861
6, 097, 678
8, 336, 587
7, 704, 564
1929
1928
1927
1926
1925
1924
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
83
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
FLORIDA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12}^ per-
cent on
capital
net gain
25 per-
cent of
tax on
earned
net in-
come
123^ per-
cent on
capital
net
loss
Under 1 ' (est.)
Under 1 (est.) .
2,170
77
4,280
2,011
3,541
1,421
3,833
1,058
1,120
1.607
200
913
121
595
87
423
58
303
64
246
205
152
113
86
70
227
122
66
60
38
17
6
11
2
2
19
6
2
1
2
1
1
2
$1, 262, 791
45, 136
6, 433, 424
3, 473, 501
8,748,305
3, 398, 575
13, 270. 716
3, 843, 555
4, 876, 996
7, 206, 909
1, 083, 867
4, 985, 515
782, 730
3, 842, 472
650, 207
3, 167. 950
492. 341
2, 567. 790
610, 487
2, 326, 348
2, 144, 002
1, 749, 396
1, 407, 979
1,156,273
1, 012, 952
3. 899, 761
2, 698, 613
1. 802, 895
2, 081, 337
1, 708, 082
927, 576
388, 849
838, 280
170, 600
185. 901
2, 229, 602
993. 974
452, 799
(2)
761,688
(2)
(2)
(2)
$439
$585
$146
1-2 ' (est.)
1-2 (est.) -
5,483
7,311
1,828
2-3 1 (est.)
2-3 (est.)
13, 071
17,428
4,357
3-4 ' (est.)
3-4 (est.)
9,169
12, 225
3,056
4-5 ' (est.)
4-5 (est )
14,958
19,944
4,986
5-6'
5-6
16, 681
21, 624
4,943
6-7'
6-7
17, 966
22, 691
4,725
7-8 1
7-8 - .
17,448
21, 660
4,212
8-9'
8-9
16, 508
20,297
3,789
9-10'
9-10
18. 256
17, 937
20, 672
17. 201
12. 630
16, 953
70, 557
74, 663
64, 901
110, 033
114, 791
69, 758
38, 405
73. 306
16. 263
23, 171
271, 995
121,375
73, 676
(2)
121, 647
(2)
21,928
20, 465
21, 638
16, 836
11,785
16, 944
55, 118
41,951
26, 879
39, 060
32, 240
11,341
10, 208
12, 952
3,672
3,639
3,430
2,464
2,173
3,509
11, 524
7,189
5,637
5,875
3,265
996
1,570
1,870
10-11
$1,011
2,464
2,829
3,018
3,518
26, 963
39. 901
43. 659
77, 364
86. 979
57, 813
31, 091
73, 182
13, 173
11, 572
255,288
130, 503
73, 879
(2)
135, 658
(2)
11-12
12-13-.
13-14
14-15
15-20 .
20-25
25-30
30-40
$304
872
3,738
$820
40-50.
2,035
50-60
2,138
60-70 -
1,324
70-80 .. ..
10,958
80-90
3,090
7,500
27, 125
12, 088
90-100
4.261
15,286
10, 843
162
1,251
1,398
203
(2)
6
100-150
24, 453
150-200-.
30, 661
200-250
250-300
(2)
50
(2)
300-400
14, 055
400-500
«
SOO-750
(2)
(')
750-1,000
(')
1,000-1,500
1,500-2,000
2,000-3,000
1
(2)
m
(')
(.')
(2)
3,000-4,000
4,000-5,000
Classes grouped '—
5. 535, 002
759, 607
5,098
242,278
519, 677
977
6,469
Total
25, 340
105, 215, 176
2, 219, 520
518, 648
1, 312, 143
574, 394
92, 752
92, 913
Summary for pre-
ceding years: '
1930
28, 133
30, 040
32, 155
40, 080
56,109
76, 213
64, 306
49, 591
41,531
42, 249
126, 910, 394
164, 355, 108
178, 843. 603
206, 917, 657
322, 601, 033
649, 932, 382
250, 963, 654
156, 500, 26C
132, 047, 02C
119, 557, 316
2, 840, 391
5, 936, 377
7, 714, 261
6, 047, 244
10, 415, 636
28, 857, 801
7, 229, 272
3, 693, 955
4, 059, 85S
2, 929, 40«
1929
1928
1927
1926
1925
1924
1923
1922
1921
_.
1
For footnotes, see p. 124.
84
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
GEORGIA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
123^ per-
cent on
capital
net
loss
Under 1 > (est.)
1,210
50
3,842
2,403
3,097
1,744
4,505
1,209
1,326
1,831
231
1,180
89
694
73
414
47
305
37
236
172
160
145
95
73
257
105
46
68
27
18
8
7
8
3
12
2
$702, 172
32, 629
6, 001, 727
4, 133, 241
7, 692, 184
4, 127, 232
15, 843, 567
4, 393, 660
5, 746, 674
8, 221, 084
1, 252, 134
6, 448, 161
572, 483
4, 488, 838
545, 190
3, 089, 236
395, 565
2, 578, 816
353, 137
2, 234, 823
1, 802, 819
1, 834, 804
1,807,992
1,281,161
1, 059, 734
4, 389, 749
2, 338, 831
1, 240, 923
2, 342, 374
1, 217, 192
977, 322
520991
517, 443
685, 380
282, 470
1, 405, 088
350, 196
Under 1 (est.)
$328
$437
$109
1-2 1 (est.)
1-2 (est.)
6,142
8,189
2,047
2-3 1 (est.)
2-3 (est.)
14,908
19, 877
4,969
3-4 1 (est.) —
3-4 (est.)
9,217
12,289
3,072
4-5 1 (est.)
4-5 (est.)
16, 617
22, 156
5,539
5-6 1...
6-6 .
20, 326
26, 655
6,329
6-71
6-7
19, 086
24,714
5,628
7-81
7-8
16, 213
20, 901
4,688
8-9 I
8-9
14, 202
18, 403
4,201
9-10 1
9-10..
15, 964
12, 384
16,213
16, 914
13, 787
13, 541
72, 101
63, 716
42, 347
112, 752
62, 959
66, 161
50, 623
45, 325
73, 034
21, 076
135, 616
45,204
20 173
15,01]
17, 867
17, 359
12, 930
12, 788
56,905
38,009
16, 859
39, 315
20, 252
12, 248
13, 902
7,337
9,816
2,020
3,229
471
4,209
3,412
4,030
4,041
2,429
2,890
14, 453
10, 314
4,327
11, 706
4,929
1,577
1,995
1,913
855
476
1,291
229
10-11...
$785
2,376
3,596
3,286
3,643
29, 649
36, 021
29, 815
85, 287
57, 821
57, 599
41, 869
47, 361
43, 189
16.896
94, 061
29, 916
11-12
12-13 .
13-14
14-15 ....
15-20
20-25
25-30
30-40
$282
2,188
8,580
37
$426
40-50
12, 373
50-60.
10 689
€0-70
3,190
70-80 . . .
7,460
80-90
22, 106
2,636
57, 319
15,046
1,222
•90-100
100-150
17, 702
150-200
200-250...
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000..
2,000-3,000
3,000-4,000
4,000-5,000
Total
25,729
102, 907, 022
996, 756
470 112
583, 170
108, 194
111,658
53, 062
Summary for pre-
ceding years: ^
28, 996
32, 289
32, 921
33, 818
36, 744
37,410
62, 651
71,341
69, 988
67, 719
128, 081, 049
163, 181, 491
167, 063, 587
167, 407, 479
171,146,482
177, 203, 659
210 908, 421
222, 888, 344
199,432,531
180,311,466
1, 659, 244
2, 785, 942
1929
1928
3, 806, 534
3, 612, 724
2, 888, 409
3, 529, 883
3, 398, 860
3, 766, 159
4, 557, 769
3, 892, 645
1927 .
1926
1925
1924
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
85
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
HAWAII
Num-
ber of
returns
Ne' income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
123-^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
123i per-
cent on
capital
net
loss
Under 1> (est.)
608
8
1,096
669
798
618
856
368
322
508
85
319
45
205
30
125
18
94
16
73
61
37
47
27
32
88
47
27
34
18
14
8
6
2
5
9
3
$311,667
3,624
1,687,915
1, 161, 978
1,966,435
1, 460, 185
2, 997, 965
1,315,979
1,414,829
2, 278, 140
463, 244
1, 749, 416
289, 360
1, 326, 098
222, 353
931, 564
151,980
799, 450
151,819
695, 057
640, 231
422, 566
686, 423
365, 126
465, 180
1. 518, 515
1, 039, 259
749, 596
1, 178, 229
809, 185
770, 853
528, 201
450, 140
(2)
480, 228
1, 043, 820
543, 438
lender 1 (est.)
$25
$34
$9
1-2= (est.)
1-2 (est.)
1,894
2,525
631
2-31 (est.)-
2-3 (est.)
5,302
7,070
1.768
3-4 1 rest.)
3-4 (est.) - --
3,561
4,748
1,187
4-5 1 (est.)
4-5 (est.)
5, 055
6,740
1,685
5-6 1
5-6 --
5,738
7,495
1,757
6-7 1
6-7.
5,848
7,350
1,502
7-8 1
7-8 -
3,911
5,033
1,122
8-9 1...
8-9
4,314
5,443
1,129
9-101
&-10 —
4, 818
3,830
3,181
5,524
4, 188
6,120
23, 491
24,100
27, 445
52, 669
47, 263
52, 340
44, 706
40, 590
(2)
59, 269
135, 104
99, 657
6,017
4,430
3,433
5,675
4,243
5,717
18, 268
13, 128
11,844
13,700
8,054
3,109
3, 415
2,242
1,169
898
777
1,299
994
1,219
5,283
4,731
3,413
3,447
723
405
273
595
(2)
504
1,261
481
10-11 -
$298
525
1,148
939
1,622
10, 506
15, 703
19,014
43,790
42, 455
49, 605
43, 056
40,947
(2)
50, 814
122, 978
83,668
11-12 -.
12-13
13-14
14-15
15-20 -.
20-25
2.5-30
30-40 -
$1, 374
40-50
$129
1,700
64
586
(?)
3.660
8,178
2,652
50-60 -
1,669
60-70
1,556
70-80
2,590
80-90
90-100
5,299
5,247
16, 470
100-150
38
1.50-200.
200-250-
250-300 -
300-400
1
1
(2)
(')
(')
(')
400-500 --
500-750.
■"
750-1,000
1.000-1,500
1,500-2,000
2,000-3,000.-.-
3,000-4,000
4,00O-5,000._.-
5,000 and over
Classes grouped '...
899,038
145, 700
146, 367
228
3
892
Total-
7,328
33. 869, 092
815, 673
176, 729
673, 435
14. 545
38,265
10, 771
Summary for pre-
ceding years: 3...
1930
7,869
8,210
8,047
9,252
9,146
9,306
12, 387
12, 421
37, 245, 940
43, 290, 997
43, 349, 731
44,618,510
42, 950, 279
41, 465, 375
46, 395, 290
42. 829. 2.50
972, 216
1, 220, 345
1.311,756
1, 200, 544
1, 096, 213
944, 053
1, 481, 883
1, 319. 276
1, 387, 398
1. 451. 776
1929
1928
1927
1926
1925
1924
1923.
1922
11,597 37,122.696
11,481 37.840.014
1921
For footnotes, see p. 124.
86
STATISTICS OF INCOME
Table 9.— Individual returns for 19S1 hy States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
IDAHO
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12.1^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 1 (est.)--
251
1
945
760
764
527
903
329
345
433
36
235
11
130
6
64
9
27
3
23
6
6
9
10
9
16
5
$134, 762
(2)
1, 542, 846
1, 314, 328
1, 887, 814
1, 271, 721
3, 235, 248
1, 163, 983
1, 491, 099
1, 926, 287
192, 866
1, 285, 235
72, 079
840, 256
43, 712
474, 955
75, 072
228, 520
28, 755
215, 083
61,971
69. 678
112,882
135, 045
131, 225
275, 943
(2)
Under 1 (est.)
(2)
(2)
(2)
1-21 (est.)
1-2 (est.)
$1, 905
$2, 540
$635
2-3 ' (est.)
2-3 (est.)
4,291
5,722
1.431
3-41 (est.)
3-4 (est.)
3,502
4,669
1,167
4-5 I (est.)
4-5 (est.)
5,301
7,068
1,767
5-6 1 _
5-6...
4,926
6,313
1,387
6-71
6-7-
4,145
5,215
1,070
7-81- __
7-8
2,607
3,207
600
8-91
8-9-. .
1,471
1,798
327
9-101
9-101
2,110 2.471
361
34
46
299
275
110
508
(»)
10-11
114
230
1,322
2,128
1,409
6,751
130
199
1,390
2,053
1,109
5,582
(2)
$18
77
231
350
410
1,677
(2)
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
1
(2)
(2)
(2)
(2)
(2)
40-50
50-60
60-70 .
70-80
80-90 .
90-100
100-150
150-200
200-250
250-300.
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000...
4,000-5,000....
5,000 and over.
138, 706
3, 833
1,464
2,398
29
Total
5,864
18, 350, 071
46, 045
50, 930
5,161
10, 046
cedine years: ^
1930
7,852
9,830
27, 757, 374
38. 525. 9.58
128. 290
184, 325
283, 172
247, 272
184, 344
170,912
261, 008
426, 196
478, 706
493, 658
1929
1928
9,808 37.121.872
1927
10, 073
11,617
12, 907
21, 436
25, 012
23, 369
22, 976
38. 448, 758
39, 887, 951
40,443,781
.52,301,491
58, 393, 333
51, 166, 793
49, 737, 718
1926.
1925
1924
1923
1922..
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
87
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
ILLINOIS
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12}^ per-
cent on
capital
net
loss
Under 1 ' (est.)
9,739
447
38, 509
34, 317
30, 093
25, 640
38, 734
13, 149
11,892
16, 103
1,540
12,976
688
8,144
483
5,669
353
3,886
319
2,895
2,331
1,812
1,415
1,131
944
3,057
1,496
859
867
427
253
172
111
76
61
136
60
26
10
12
6
9
6
3
$5, 690, 330
237, 064
60,927,079
59, 329, 732
74, 092, 495
60, 673, 687
136, 201, 966
47, 157, 234
51, 440, 883
72, 108, 471
8, 297, 678
70, 855, 378
4, 444, 354
52, 633, 374
3, 614, 926
41, 563, 918
2, 985, 786
32, 935, 053
3, 029, 021
27, 437, 297
24, 427, 454
20, 813, 175
17, 681, 591
15, 245, 690
13, 670, 831
52, 367, 050
33, 301, 827
23, 346, 688
29, 813, 980
18,984,611
13, 793, 757
11,125,576
8, 275, 499
6, 476, 610
5, 770, 862
16,078,568
10, 366, 632
5, 670, 296
2, 692, 429
4,244,511
2, 702, 311
5,317,823
5,143,416
3, 808, 260
Under 1 (est.)
$1, 898
$2, 531
$633
1-2' (est.) --
1-2 (est.)
92, 791
123, 722
30, 931
2-3' (est.)- --
2-3 (est.)
228, 882
305, 176
76,294
3-4 ' (est.) --
3-4 (est.)
146, 724
195, 632
48, 908
4-5' (est.)
4-5 (est.)
171, 194
228, 259
57, 065
5-6'
5-6 -
268, 740
343, 208
74,468
6-7'
6-7
237, 006
304, 771
67, 765
7-8' _..
7-8
229,033
290,909
61,876
8-9'
8-9
215, 492
271, 035
56, 543
9-10'
9-10 - -
212, 893
202, 466
210, 189
201, 466
191, 864
192, 374
969,099
949, 293
908, 150
1, 439. 255
1,160,811
1,023,055
916, 137
746, 612
669, 099
570, 804
1,911,663
1, 348, 795
731, 585
363, 079
521, 279
422, 111
898, 550
892, 641
645, 435
266, 686
244, 477
233, 719
214, 573
198, 685
190, 854
828, 067
609, 097
462, 794
599, 111
376, 103
285. 497
219.455
140. 101
94, 337
86, 831
263. 661
161. 223
43, 798
6,494
30, 747
17, 072
15, 208
11,761
34. 405
53, 793
53, 257
51,041
48, 176
46, 230
45,228
217, 928
165, 439
138, 348
158, 629
80. 246
49. 387
33, 833
23,904
16, 342
12, 381
31, 686
13, 858
4,350
1,672
2,067
921
948
459
486
10-11
$11, 246
27, 511
36, 069
39, 509
46, 748
358, 970
505, 635
583, 704
1, 075, 808
952, 875
865, 354
802, 364
666, 785
648, 615
609, 579
1. 829, 069
1, 369, 302
689, 471
345, 945
561, 481
325, 149
672, 748
706, 242
537,984
11-12
12-13
13-14
14-15
15-20
20-25
25-30 --
30-40
$14, 085
26, 926
50, 384
80, 380
94, 461
29, 227
47,316
176, 300
148, 476
125, 145
42, 561
62, 601
109, 041
212, 986
175, 463
124, 156
$91, 120
114 847
40-50
50-60
128. 793
152. 219
130, 831
60-70
70-80
80-90
86, 738
160,540
314, 581
306, 348
122 479
90-100- -
100-150- -
150-200 .
200-250
250-300---
30, 249
131,483
28,230
1,443
366
300-400
400-500
500-750
750-1,000
1,000-1,500.
50.623
1,500-2,000
2,000-3,000
3
Q)
Q)
(^)
(2)
(2)
(')
3,000-4,000
4,000-5,000
5,000 and over
1
(2)
15, 637, 288
(2)
2,611,658
(2)
111.398
(2)
1, 516, 320
(2)
986, 111
(^)
494
1,677
Total
270, 759
1,182,411,350
22, 502, 123
7. 791. 187
15,783,473
2, 504, 616
1, 724, 586
1, 852, 567
Summary for pre-
ceding years: '
1930
327, 631
369, 855
373, 621
378, 869
374, 725
357. 448
652, 501
676, 489
614. 449
611, 558
1, 630, 447, 207
2, 258, 945, 768
2, 392, 631, 092
2, 093, 908, 574
1,995,011,009
1, 976, 436, 222
2, 413, 605, 350
2,272,960,122
1, 927, 637, 451
1, 833, 920, 436
43, 703, 471
86, 825, 072
110,659,199
73, 796, 361
64, 213, 839
64, 791, 507
66. 583. 239
62, 880, 129
77, 196, 407
68, 574, 351
1929
1928
1927
1926
1925-
1924
1923
1922
1921 -..
For footnotes, see p. 124.
88
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing mimber of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years— Continued
INDIANA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent )f
tax on
earned
net
income
12K per-
cent on
capital
net
loss
Under 1 ■ (est.)
3,326
119
10,216
5,978
7,066
3,636
7,874
2,461
2,230
3,156
380
2,117
186
1,260
129
866
95
629
69
458
372
312
235
166
161
421
213
122
107
62
30
25
19
7
7
8
9
3
$1, 900, 126
57, 719
15, 716, 200
10, 318, 027
17, 502, 626
8, 540, 450
27, 462, 122
8, 978, 405
9, 720, 937
14, 137, 175
2, 044, 544
11,553,824
1, 199, 156
8,160,881
958, 040
6, 468, 985
806, 146
5, 330, 833
657,014
4, 347, 655
3, 887, 646
3, 585, 499
2, 925, 902
2, 243, 845
2, 333, 050
7, 233, 488
4, 690, 783
3, 309, 913
3, 731, 668
2, 746, 912
1,640,413
1,611,527
1, 423, 654
588, 680
659, 823
954, 907
1, 618, 205
655, 706
Under 1 (est.)
$490
$653
$163
1-2 1 (est.)
1-2 (est.)
15, 388
20, 517
5,129
2-3' (est.) -.
2-3 (est.)..
30, 784
41,045
10, 261
3-4 1 (est.)
3-4 (est.) .
19, 163
25, 551
6,388
4-5 1 (est.)
4-5 (est.)
28, 932
38, 576
9,644
5-6 1
5-6
35, 503
46, 684
11, 181
6-7'
6-7
34, 378
44, 190
9,812
7-8'
7-8--
32, 810
41,641
8,831
8-91-
8-9
31, 266
39. 643
8,377
9-101
9-10- -
30, 444
26, 898
30, 684
28, 764
26, 779
33, 025
124, 928
125, 829
122, 266
172, 538
173, 260
117,691
133,341
132, 199
59, 999
72, 516
118, 587
226, 457
110, 401
38, 435
32, 094
33, 179
29, 950
26, 660
31, 178
103,853
81, 597
59, 027
56, 070
46, 934
16, 393
26, 855
11,307
6,540
12, 771
17, 542
12, 931
5,563
7,991
6,859
7,529
7,143
5,847
6,713
28, 839
24, 595
16, 798
14,831
10, 734
3,474
3,012
3,755
1,605
1,550
2,209
2,572
1,283
10-11 - -
$1, 663
5,034
5,957
5,966
8,560
49,914
68, 827
80, 037
136, 976
139, 994
103, 374
128, 213
108, 519
62, 179
59, 080
122, 258
198, 86(0
106, 121
11-12 ..
12-13
13-14
14-15
15-20 .- -
20-25 .-
25-30 --
30-40.-
$2, 178
1,534
2,586
$7, 855
40-50
4,468
50-60
1,188
60-70 --
18, 715
70-80
25,885
9,767
80-90
7,115
90-100
12, 159
1,251
20, 155
9,944
100-150 ...
20, 265
150-200 -
2,917
200-250
250-300
300-400
400-500
2
1
1
(2)
(2)
(2)'
(2)
(2)
(2)
(2)
(2)
(2)
(')
(2)
500-750
750-1,000
(')
1,000-1,500...
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped *
2, 428, 304
445, 623
21,511
365, 175
59, 666
729
Total
54, 534
204, 130, 790
2, 540, 943
968, 890
1, 756, 707
125, 414
227,854
82, 214
Summary for pre-
ceding years: ^
1930
65, 679
76, 493
75, 376
76, 703
77, 126
80,300
156, 845
178, 831
153, 469
150 300
280, 940, 214
366, 846, 042
365, 336, 866
349, 434, 464
358, 624, 820
344, 266, 673
461,717,343
510, 507, 072
426, 365, 818
406, 242, 138
5, 109, 677
8, 208, 031
10, 100, 848
8, 884, 047
9, 934, 476
7, 508, 733
6, 655, 560
7,882,768
9,578,511
8, 973, 653
1929
1928
1927
1926
1925
1924
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
89
Table 9. — Individual returns for 19S1 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
IOWA
Num-
ber of
returns
Net incom
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12,1^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
123^ per-
cent on
capital
net
loss
Under 1 1 (est.)
1,146
104
3,859
3,662
3,760
2,670
4,185
1,548
1,282
2,080
233
1,445
121
918
74
598
53
394
33
295
260
170
143
119
93
272
128
56
60
32
24
8
8
2
3
6
1
1
2
1
$656, 309
59, 850
6, 285, 255
6,321,689
9, 263, 760
6, 342, 759
14, 701, 308
5, 570, 896
5, 555, 883
9, 266, 606
1, 250, 994
7, 895, 904
777, 460
5,934,399
551, 863
4, 458, 214
448, 560
3, 336, 193
313, 101
2, 787, 929
2, 728, 928
1, 951, 774
1, 784, 577
1, 604, 236
1, 344, 442
4, 681, 621
2, 836, 512
1, 547, 292
2,131,617
1, 444, 030
1,305,311
500, 123
599, 339
169, 035
295, 298
729, 726
(2)
(2)
(2)
(2)
Under 1 (est.)
$586
$781
$195
1-2 1 (est.)
1-2 (est.)
16, 036
21,381
5,345
2-3 1 (est.)
2-3 (est.)
24, 504
32, 672
8,168
3-4 1 (est.)
3-4 (est.)
15, 025
20, 033
5,008
4-5i(est.)
4-5 (est.)
21,454
28, 606
7,152
5-6 1
5-6
25,883
33, 559
7,676
6-71
6-7
25, 868
32, 462
6,594
7-8 1
7-8
23, 098
28, 588
5,490
8-91
8-9
19, 751
24, 512
4,761
9-10 1
9-10 -
19, 879
23, 020
18, 204
19, 175
18, 349
16, 678
88, 722
80, 473
59, 631
97, 569
97, 703
92, 606
47, 595
58, 067
19, 083
31,744
101, 886
(2)
m
(2)
24,391
25, 843
19, 507
18, 929
17, 918
15, 457
69, 821
46, 656
27, 327
32, 506
23, 490
18, 596
9,033
3,807
2,213
419
7,316
(0
(2)
4,512
4,097
3,787
3,307
3,712
3,329
13, 806
9,184
6,990
9,445
3,605
4,633
566
348
544
131
703
(2)
(*)
10-11
$1, 274
2,484
3,553
4,143
4,550
32, 707
43, 001
39, 294
79,723
71,243
80,543
33, 109
46, 829
17, 436
34, 086
95, 136
(2)
(2)
11-12
12-13
13-14
14-15
15-20
20-25 -
25-30 --
30-40
$851
7,660
2,279
7,390
8,509
$6, 066
1 085
40-50
50-60
4,179
1 371
60-70
70-80
730
80-90
22
90-100
2,630
344
100-150 ---
481
(2)
150-200 --
200-250
250-300-
300-400
(2)
m
(2)
400-500
500-750
1
(2)
750-1,000 .
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
5,000 and over
1, 785, 337
74, 710
1,947
85, 346
23, 875
986
35, 472
Total
29,850
119, 218, 130
1, 137, 299
587, 770
674, 457
51,045
124,074
51, 899
ceding years:'
39, 917
45,023
40, 789
45, 349
49, 476
50, 379
110,404
135, 864
131,870
111,483
174, 965, 757
222, 103, 300
221, 881, 247
190, 436, 034
203, 015, 362
198, 735, 930
298, 734, 381
363, 242, 331
359, 562, 822
313, 762, 935
2, 355, 567
3, 924, 823
6, 216, 041
3, 310, 099
2,917,845
3,111,096
3, 123, 808
4,126,470
5, 466, 397
5, 837, 960
1929
1927
1925 -
1923-
1922
1921
For footnotes, see p 124.
90
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years—Continued
KANSAS
Tax
Tax before tax credits
Tax credits
Nei income classes
(Thousands of
dollars)
Num-
ber of
returns
Net income
Normal
tax
Surtax
121/2 per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 i (est.)
2,832
59
5,500
2,270
4,250
1,742
3,616
1,112
961
1,482
168
986
82
611
35
396
37
255
32
193
149
128
102
67
56
169
78
45
36
18
9
7
$1, 674, 020
27, 061
8, 258, 191
3, 935, 529
10, 536, 714
4, 108, 388
12, 438, 482
3, 994, 741
4, 179, 829
6, 641, 281
910, 781
5, 380, 895
529, 107
3, 940, 230
266, 287
2, 953, 134
313, 193
2, 154, 343
302, 381
1, 834, 197
1, 565, 559
1, 472, 692
1, 267, 568
903, 653
812, 323
2, 915, 987
1, 737, 412
1, 217, 633
1, 238, 285
801, 082
497, 998
453, 726
Under 1 (est.) . .
$220
$294
$74
1-2' (est.)
1-2 (est.)
5,759
7,679
1,920
2-3 1 (est.)
2-3 (est.)
19, 675
26, 233
6,558
3-4 1 (est.)
3-4 (est.)
11, 744
15, 659
3,915
4-5' (est.)
4-5 (est.)
15, 808
21, 078
5,270
5-6 1 ._
5-6 -
17, 153
22, 602
5,449
6-7 1 .
6-7 -.
16, 929
21, 106
4,177
7-8 1...
7-8...
15, 705
19, 267
3,562
8-9 I... .
8-9
13, 326
16, 009
2,683
9-10'..
9-10
14, 813
14, 478
14, 573
12, 762
10, 148
11,627
60, 331
52, 446
49, 688
60, 420
57, 591
39, 371
44, 221
17, 585
16, 071
15, 202
11,923
10, 005
10, 346
48, 924
34, 204
24, 473
22, 214
14, 983
8,152
8,349
2,772
2,341
2,655
1,574
2,153
1,518
9,139
7,671
4,069
3,884
2,482
549
1,729
10-11. -.
$748
1,926
2,413
2,296
2,799
20, 546
25, 913
29,284
43, 791
37, 979
33, 415
30, 981
11-12
12-13
13-14
14-15
15-20
20-25.
25-30.
30-40
$1, 701
40-50
$7, 111
99
6,620
50-60...
1,746
60-70.
70-80
80-90-..-
1
1
3
4
(2)
(2)
312, 991
748, 214
(2)
(2)
40, 634
107, 684
(2)
(')
5,080
12, 466
(2)
(2)
37, 577
44, 012
(»)
(■>)
156
983
90-100-
100-150
1,867
150-200... -.
52, 189
200-250-
250-300 -.
300-400. -.
3
(2)
m
(.')
m
(.')
m
400-500
500-750.
750-1,000
1,000-1,500 .
1,500-2,000 . . .
2,000-3,000
3,000-4,000 .
4,000-5,000
Classes grouped ^-..
1, 292, 555
173, 212
7,297
79, 897
87, 601
1,583
27, 495
Total
91, 616, 462
880, 318
417, 201
393, 577
153, 620
78, 766
5,314
Summary for pre-
ceding years: ■>
1930 -
32, 660
37, 557
32, 929
35, 575
32, 732
34,284
84, 080
86,291
86, 915
88, 785
127,629,176
181,661,364
162, 394, 758
157, 394, 402
153, 673, 206
141.511,127
203, 034, 515
215,346,538
211,061,984
217, 237, 297
1,480,343
2, 547, 829
2, 928, 097
2, 240, 877
2, 756, 049
2, 222, 306
1,918,019
2,118,957
3, 246, 097
3, 392, 429
1929
1928 . .
1927 .
1926 .
1925
1924
1923
1922
1921
"""'1
For footnotes, see p. 124.
STATISTICS OF INCOME
91
Table 9.— Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
KENTUCKY
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12i.'2 per
cent on
capital
net
gain
26 per-
cent of
tax on
earned
net
income
12^A per
cent on
capital
net
loss
Under 11 (est.)-- -
l,49i
6C
4,51C
2,922
3,626
1,83£
3,972
1.097
1,287
1.526
321
1,027
176
662
95
498
49
294
57
229
203
159
146
108
86
245
132
54
51
27
16
8
9
3
3
3
1
1
$874. 23C
27.47"
7.031.175
5. 026, OOC
8, 990, 672
4, 382, 731
13,820,485
3. 939, 047
5, 619, 850
6, 838, 705
1, 746, 534
5, 584, 606
1,136,315
4,285,311
704,647
3,720,432
412,802
2, 490, 664
541, 608
2, 166, 105
2, 128, 132
1, 824, 374
1, 821, 325
1,453,249
1, 244, 127
4, 172. 443
2. 965. 931
1.481,993
1, 731, 867
1, 224, 556
852, 344
520, 801
662,978
254,920
279,808
(')
(2)
(2)
Under 1 (est.)
$21f
$28?
i
$72
)
1-21 (est.)
1-2 (est.)
7,274
9,69c
2,42.
2-3" (est.)
2-3 (est.) -
16,475
21, 972
}
5,49C
3-^1 (est.)
3-4 (est.)
11, 84£
15,794
3,94c
4-5' (est.) -
4-5 (est.)
15,481
20,641
5,16C
6-61
5-6
18,168
23, 615
5,447
6-71.-
6-7
18,093
22,946
4,853
7-81
7-8
17,296
21, 737
4.441
8-9 1—
8-9...
14,601
18, 138
3,637
9-101.
9-10..
15, 177
15, 221
15,304
15, 308
15,028
13. 978
66, 274
79. 326
52.855
78. 327
79. 752
62.758
45, 853
68,346
30,008
30. 979
m
0)
18, 524
17,975
15, 939
14, 509
14,048
12,108
48,660
41, 697
23, 158
24, 386
22, 618
11,464
9,719
9,372
3.804
3,556
(2)
(2)
3,347
3,955
3,191
2,731
2,647
2,342
10, 518
8.857
7.321
5.722
3,261
1,790
2,240
1,232
220
641
(2)
(2)
10-11
$1,201
2,556
3.530
3,627
4,212
28,132
46, 586
37, 018
61,514
64,108
53, 432
41,821
53,144
26. 424
31.144
(2)
m
11-12...
12-13
13-14
14-15
15-20
20-25-...
25-30
30-40
$26
$1,877
3,713
1,586
3,447
348
40-50.
60-60
1,237
60-70
70-80.
7,410
80-90.
90-100
3 180
100-150
(»)
(.')'
150-200
200-260
250-300
30^400
400-500
500-750
1
(2)
(>)
(>)
(')
750-1,000
1,000-1,500.
1,500-2,000
2,000-3,000....
3,000-4,000
4,000-5,000
6,000 and over
Classes grouped '...
1,321,315
208,610
2,037
196. 965
13,410
795
2,997
Total
26, 991
103, 279, 656
1,012,657
448,304
655. 404
22,083
96, 087
17, 147
Summary for pre-
ceding years:'
1930
31,021
34,623
35. 367
33.004
32. 821
37. 315
72,119
79. 091
69. 666
135, 098, 479
191, 640, 708
193, 766, 254
172, 582, 213
169, 100, 987
180,217,420
238,094,411
214,415,879
200, 048, 892
192, 273, 937
1,926,048
6, 076. 854
5, 639. 394
4,027,734
3, 226, 344
3, 299, 792
3, 805, 669
3, 723, 960
4, 676, 804
4,297,470
1929
1928
1927..
1926.
1926
1924
1923
1922
1921 69.4961
1
r
For footnotes, see p. 124.
177160—34-
92
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
LOUISIANA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12K per-
cent on
capital
■bet
gain
25 per-
cent of
tax on
earned
net
income
123^ per-
cent on
capital
net
loss
Under 1' (est.)
1,84S
6
4,931
2,372
3,548
2,172
3,872
1,537
1,390
2,313
260
1,442
103
842
64
667
60
329
38
232
142
119
103
78
76
206
117
49
59
30
20
10
4
2
1
$1, 033, 14c
2,206
7, 615, 343
4, 121, 804
8,787,862
5, 264, 306
13, 497, 669
6, 490, 859
6, 036, 741
10, 354, 582
1, 401, 793
7,870,244
657, 693
5, 439, 461
476, 137
4, 222, 662
422, 834
2, 773, 937
359, 579
2, 193, 025
1, 480, 735
1, 362, 734
1, 284, 950
1, 053, 210
1, 104, 349
3, 540, 767
2, 628, 288
1, 334, 836
2, 034, 879
1, 359, 145
1, 099, 012
640, 509
304, 955
(')
Under 1 (est.)
$2C
$26
$6
1-2 1 (est.)
1-2 (est.)
5,848
7,797
1,949
2-3 1 (est.)
2-3 (est.).
18, 251
24, 335
6,084
3-4 > (est.) -
3-4 (est.)
16,859
22, 479
6,620
4-5 1 (est.)
4-5 (est.)..-
30, 351
40, 468
10, 117
6-6'
5-6
31,630
41,240
9,610
6-7'
6-7
29, 258
37, 402
8,144
7-81
7-8 —
29, 164
36, 550
7,386
8-9'.
8-9-
22, 048
27, 213
6,165
9-10'-.
9-10
22, 153
14, 643
16, 382
17, 918
14, 390
17, 710
73, 361
85,879
62, 224
108, 239
100, 994
87, 992
41, 334
17, 563
26, 500
16, 839
17,502
18, 102
13, 731
17,063
56,835
53,862
25, 776
46, 358
31,021
27, 684
5,232
8,698
(2)
4,347
2,821
2,852
2,656
2,112
3,195
8,015
8,465
3,886
6,246
2,406
6,578
1,205
877
(2)
10-11 —
$625
1,732
2,472
2,771
3,842
24,541
40, 482
30, 334
74, 855
72, 339
72, 022
40, 536
18, 574
(»)
11-12
12-13-
13-14
14-15
15-20
20-25
25-30
30-40
$175
40
248
466
$7, 904
40-50
50-60-
6,384
60-70 - -
3,696
70-80 -
8,832
80-90 -
(')
(')
90-100
100-150
150-200
1
(.")
m
m
(.')
(2)
(.')
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5 000
5,000 and over
Classes grouped 2...
423, 669
37, 701
6,840
61,723
10
509
19,363
Total
28,934
107, 673, 824
891,912
608, 653
436, 848
939
108, 250
46, 178
Summary for pre-
ceding years: '
1930
32, 979
35, 093
36, 981
37, 293
38, 996
40, 695
67, 658
67, 440
66, 972
67, 960
138, 836, 043
170, 713, 998
184, 035, 325
175, 254, 161
185, 478, 850
195, 585, 488
221, 133. 422
213, 802, 450
203, 664, 606
197, 897, 146
1, 599, 639
2, 859, 568
4, 380, 028
3,174,839
3,311,535
3, 850, 206
3,528,511
4, 438, 454
5, 353, 574
6, 304, 522
1929
1928
1927
1926
1925
1924
1923
1922
1921
1
1
For footnotes, see p. 124.
STATISTICS OF INCOME
93
Table 9. — Individual returns J or 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
MAINE
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12J-2 per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12J-^ per-
cent on
capital
net
loss
Under 1 ' (est )
699
68
2,316
1,501
2,160
1,244
2,087
739
750
1,037
162
800
81
545
56
390
36
265
29
193
181
129
90
97
70
195
104
58
46
36
11
14
8
4
3
6
3
1
1
2
$404, 118
37,700
3, 589, 26S
2, 579, 378
5, 384, 372
2, 991, 683
7, 314, 904
2, 638, 363
3, 297, 814
4, 658, 802
876, 875
4, 374, 623
520, 549
3, 520, 401
420, 295
2, 910, 960
304, 415
2, 244, 471
276, 182
1,831,707
1, 898, 810
1, 479, 626
1, 125, 524
1,307,395
1, 009, 201
3, 336, 986
2, 348, 377
1, 588, 228
1,610,811
1, 596, 134
593,080
901, 129
613, 805
346, 152
281, 218
692, 721
520, 342
(2)
(2)
(2)
Under 1 (est.)
1 2 1 (est.)
$206
$275
$69
1 2 (est.)
3,934
5,245
1,311
2-3 1 (est.)
2-3 (est )
11, 239
14,986
3,747
3-4 1 (est.)
3-4 (est.)
7,660
10, 213
2,553
4-5 1 (est.)
4-5 (est ) . —
11, 398
15, 198
3,800
5-6 1
5-6
14, 489
18, 715
4,226
6-7 •
6-7
15, 621
19,542
3,921
7-8 1 .
7-8
15,472
18,971
3,499
8-9 1 -.
8-9
14, 422
17, 337
2,915
9-10 '
9-10
12, 881
13, 602
12,975
11,819
16, 677
12, 632
60, 563
66,800
62, 232
70, 502
96, 707
42, 895
77, 254
58,008
30, 956
25, 263
82, 248
63,484
(2)
(2)
(2)
15, 239
15, 140
13,226
11,683
16, 297
11,810
46, 953
35, 865
28, 248
23,326
20, 874
12, 179
17,425
2,578
4,236
3,655
9,704
3,967
2,358
2,450
2,159
2,045
2,997
2,610
9,696
6,165
5,716
5,162
2,123
1,067
1,651
88
456
801
558
525
10-11
$912
1,908
2,181
3,377
3,432
23,306
37,100
39,700
60, 305
80,811
38, 741
65, 502
50, 936
36, 409
29, 239
61,020
44,682
11-12
12-13
13-14
14-15 -
15-20
20-25
25-30 „ -
30-40
$1, 179
1,938
19
5,433
6,802
$9, 146
40-50
4,793
6,977
9,455
2,220
9,233
8,259
10, 199
10, 879
50-60
60-70
70-80..
80-90
90-100
1,429
22, 281
26, 239
100-150
150-200
200-250..
250-300.
8
(2)
(2)
(*)
300^00.
(2)
(2)
400-500
600-750.
750-1,000
1,000-1,500
1,500-2,000-..
2,000-3,000
1
(')
(2)
(0
(2)
3,000-4,000....
4,000-5,000....
5,000 and over
Classes grouped K..
3,344,761
615, 497
17, 486
531, 668
69, 462
226
2,893
Total
16,218
74, 771, 180
1, 627, 436
430, 373
1,111,229
134, 782
74,894
74,054
Summary for pre-
ceding years: ^
1930
17, 829
19, 173
18,611
18, 710
19,709
19, 444
42, 254
48, 435
43,041
44,397
90, 690, 507
115, 875, 339
111,558,275
103, 080, 848
107,979,178
97, 927, 563
135, 221, 259
142, 964, 209
129,857,441
124, 628, 679
1, 827, 849
3, 561, 754
4, 262, 498
3, 300, 741
3, 419, 490
2, 718, 658
2,568,353
2, 785, 696
3, 896, 892
3, 974, 861
1929
1928.
1927
1926
1926
1924.
1923
1922.
1921
For footnotes, see p. 124.
94
STATISTICS OF INCOME
Table 9. — Individual returns for 1931, by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
MARYLAND
Num-
ber of
returns
Net Income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net
gain
26 per-
cent of
tax on
earned
net
income
12^ per-
cent on
capital
net
loss
Under 1 « (est.)
4,412
163
7,932
6,209
6,248
3,970
8,770
2,520
2,896
4,325
518
3,278
275
1,987
176
1,355
152
969
102
713
586
493
378
317
257
750
397
216
214
94
65
36
23
21
16
31
9
8
6
4
1
$1, 760, 350
88, 597
12, 176, 142
10, 513, 138
15, 678, 361
9, 481, 967
30, 706, 090
9, 097, 954
12, 704, 225
19, 301, 328
2, 795, 645
Under 1 (est.)
$465
$620
$165
1-2 I (est.)
1-2 (est.)..
14, 050
18, 734
4,684
2-3 1 (est.).
2-3 (est.)
35, 753
47, 671
11,918
3-4 1 (est.)
3-4 (est.)..
24,344
32, 459
8,115
4-5 1 (est.)
4-5 (est.)
39, 954
53, 272
13, 318
5-6 1
5-6
17, 927, 177
1, 771, 337
12, 832, 471
1,311,387
lO, 122, 130
1, 284, 244
8, 203, 059
971, 421
6, 769, 729
6, 134, 356
5, 660. 269
4, 713, 877
4, 273, 776
3, 729, 420
12, 918, 165
8, 859, 707
5,912,407
7, 435, 137
4, 245, 437
3,541,436
2, 330, 215
1, 727, 159
1, 767, 852
1, 499, 002
3, 780,- 921
1, 503, 325
1,796,649
1, 636, 294
64, 785
84, 866
V—
20, 081
6-71
6-7
60, 119
76, 151
16, 032
7-81
7-8
59, 942
74. 760
14, 818
8-91
8-9
56, 350
69, 159
12,809
9-101
9-10
58, 465
48, 651
53, 095
50, 484
51,365
54, 647
251, 297
263, 443
235, 474
394, 885
260, 553
243,871
188, 836
153, 167
189, 191
178, 767
424, 726
186, 958
260, 595
273, 641
0)
h
70, 684
58, 541
56, 148
50, 721
50, 007
51, 920
198, 436
156, 307
110, 217
149, 979
84, 539
60, 706
34, 062
29, 855
28, 940
18, 398
39, 727
16, 365
2,650
13, 615
m
12, 219
13, 063
10, 506
9,490
9,741
9,974
38, 481
29,246
21, 656
26, 727
12, 941
7,778
4,963
4,115
4,055
1,353
2,334
1,550
456
1,024
10-11
$3, 163
7,462
9,253
11,099
12, 701
91, 342
136, 382
146, 812
278, 260
212, 516
230, 619
178, 986
168, 232
166, 691
156, 130
440, 583
196, 477
292, 606
276, 997
11-12
12-13 ...
13-14 . .
14-15
15-20
20-25
25-30
30-40
$8,950
11,466
2,731
7,607
1,678
12, 664
11,340
46, 401
18, 894
2
13
m
(2)
$15, 577
40-60
36, 027
50-60
42, 407
60-70
26, 866
70-80
32, 383
80-90-
14, 949
90-100
5,748
100-150
99, 661
150-200
42,228
200-250
34, 107
250-300
16, 960
300-400
400-500
500-750
750-1,000 . .
1
6
5,628,814
(')
1,015,043
(»)
6,038
(»)
916, 800
(2)
94, 114
338
1,000-1,500
1,571
1,600-2,000
2,000-3,000 . ..
3,000-4,000 .
4,000-5,000
5,000 and over
2, 539, 300
336, 297
1,797
189, 907
144,081
488
Total
60,898
277, 129, 170
6, 528, 213
1, 747, 244
4,112,007
369, 741
324, 306
366, 474
Summary for pre-
ceding years: »
1930
68,426
68,654
65,258
65,099
67, 160
66, 152
126,226
127, 770
110,896
112,963
354, 627, 248
425,186,985
409, 371, 466
390, 671, 215
375, 758, 859
362, 484, 950
467, 225, 699
401, 259, 684
386, 830, 235
368, 691, 062
9, 796, 084
15, 641, 824
16, 126, 803
13, 869, 686
11,517,168
11,623,229
12, 073, 312
11,540,437
15, 363, 766
14,637,303
1929
1928
::::;::;;
1927
1926 — -
1925
1924
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
95
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Coutinued
MASSACHUSETTS
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12>^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12>^ per-
cent on
capital
net
loss
Under 1 1 (est.)
Under 1 (est.)
1-2 1 (est )
12, 982
717
33,908
17, 505
28,570
17, 367
22,252
8,990
6,809
9,638
1,506
■7, 166
830
4,773
615
3,373
424
2,318
352
1,698
1,671
1,326
1,090
865
704
2,403
1,206
683
693
371
207
138
94
59
42
109
28
15
6
4
3
2
1
2
$7, 493, 698
u 349,143
51,836,237
30, 329, 663
70, 086, 321
41, 257, 474
77, 153, 396
31, 973, 307
29. 656, 704
43, 063, 996
8, 165, 925
39, 050, 263
5, 383, 710
30, 902, 127
4, 598, 265
25, 145, 511
3, 588, 606
19, 633, 601
3, 330, 321
16, 117, 307
17, 526, 661
15, 218, 320
13, 618, 631
11,655,761
10, 197, 215
41, 356, 184
26, 828, 313
18, 621, 2.37
23, 786, 178
16, 477, 583
11,343,404
8, 916, 564
7, 025, 581
4, 989, 640
3, 951, 578
13,160,064
4, 734, 251
3, 345, 938
1,631,537
1, 339, 660
1,311,070
m
2,965,223
$1, 216
. $1, 621
$405
1-2 (est.)
48, 739
64,986
16,247
2-3 1 (est.)
2-3 (est.)
149,644
199, 525
49,881
3-4 1 (est )
3-4 (est )
96, 816
127, 756
31,939
4-5 ' (est )
4-6 (est.)
102, 976
137,299
34,324
5-6 '
5-6
126, 777
169, 651
42,874
6-7 » -.
6-7
131, 633
169, 611
37, 978
7-8 1
7-8
127, 668
162, 324
34,666
8-9 '
8-9
117, 197
146, 961
29,764
9-10 >
9-10
111,667
124, 366
128,289
126, 970
121, 260
126, 127
662, 870
669, 735
671, 960
1, 113, 592
946, 749
727, 196
680, 860
586, 363
460, 918
403, 126
1, 467, 290
674, 936
368, 250
226, 767
222,911
173, 115
(2)
(2)
537, 987
140, 631
147, 660
140, 317
135,003
120, 502
123,611
517,227
366, 202
297,126
379, 070
272, 399
161, 988
96, 024
69, 178
52, 456
35, 146
132, 555
34, 334
6,559
12,611
14,058
4
28,964
31,279
31, 665
36, 392
29,262
32,221
142, 870
104,857
81,361
90,962
59,226
29,624
18,037
11,766
8,838
4,786
16, 473
3,842
760
987
491
220
10-11
$8,076
19, 537
27,359
30,020
34, 737
288,513
408,390
456, 195
868,689
828, 579
716,413
666,198
616, 339
447, 380
392, 412
1,530,929
613, 376
465,894
175, 217
178, 981
136, 700
(2)
(')
287,023
11-12
12-13
13-14
14-15
15-20
20-25
26-30
30-40
$12,254
26,491
36,026
45,423
21,236
63,896
44,911
136, 326
76,864
66,546
70,666
36, 347
60,296
(0
(4
184,801
$56, 459
40-50 .
120, 494
50-60 . -
147, 607
60-70
107, 748
70-80
108, 623
80-90
93, 976
90-100
64,567
100-150 -. .
326, 047
160-200
145, 786
200-250
158, 989
250-300-
30,740
300-400
4,984
400-600 -
23,664
500-750
(2)
750-1,000
1,000-1,500
66,644
481
l,50(>-2,000 -
2,000-3,000—
3,000-4,000
4,000-6,000
6,000 and over
Classes grouped '...
1,818,286
256, 345
118, 156
137,813
623
Total
193, 504
800, 923, 153
12, 380, 194
4, 489, 838
9,305,111
1, 015, 884
1, 042, 342
1, 388, 297
Summary for per-
ceding years: ^
1930
202, 253
213, 316
215, 659
214, 356
224, 042
221, 630
378, 049
416, 100
397, 241
388, 442
1, 010, 333, 740
1,371,651,741
1, 367, 076, 374
1, 189, 273, 214
1, 147, 676, 498
1, 132, 289, 870
1, 320, 156, 959
1,413,015,994
1, 237, 893, 477
1, 153, 008, 156
26, 609, 776
57, 857, 223
59, 738, 973
43, 949, 866
37,116,976
41,052,088
40, 857, 137
42, 527, 993
57, 781, 194
46, 634, 644
1929
1928
1927. .
1926—
1925
1924
1923
1922
1921
'"" 1
For footnotes, see p. 124.
96
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
MICHIGAN
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12K per-
cent on
capital
net
loss
Under 1 1 (est.)
8,933
189
20, 494
15,000
15,209
9,567
16, 270
4,561
5,264
5,920
836
4,519
372
2,706
265
1,876
171
1,218
174
896
772
602
478
395
317
1,035
477
294
282
145
78
68
35
20
32
69
27
16
14
9
4
4
1
2
2
1
4
$5, 245, 930
71,495
31,017,311
25, 932, 256
37, 763, 776
22, 441, 631
56, 643, 673
16,411,696
22, 905, 884
26, 440, 139
4, 601, 341
24, 688, 156
2, 399, 840
17, 468, 567
1, 972, 301
13, 993, 059
1, 453, 883
10, 320, 535
1, 652, 841
8, 500, 957
8, 098. 090
6, 906, 712
5. 972. 397
5,318,921
4. 592. 344
17. 843. 786
10. 666. 508
8. 052, 501
9, 669, 530
6, 452, 041
4, 229, 660
4, 409, 638
2,621,577
1, 670, 247
3,011.388
8, 188, 903
4, 668, 405
3, 529, 343
3, 766. 401
3, 030. 965
1,832.167
2, 306, 605
3, 266, 859
(2)
13, 798, 952
Under 1 (est.)
$437
$583
$146
1-2 1 (est.)
1-2 (est.)
38, 426
61, 236
12,809
2-3' (est.)
2-3 (est.).
82, 213
109, 618
27, 405
3-4' (est.)
3-4 (est.)
45, 982
61,310
15, 328
4-5 ' est.)....
4-5 (est.)
56,867
74, 489
18, 622
6-61
5-6..
76, 732
101, 495
24, 763
6-7'
6-7.
74,440
95, 767
21,317
7-8>-...
7-8.
71, 890
91, 777
19, 887
8-9 1
8-9
62, 145
78. 868
16, 713
9-10'
9-10
60, 766
60, 049
61. 273
58, 657
69,400
69, 134
317,917
281,617
290, 123
469, 932
452, 028
306, 266
349, 550
225, 034
169, 246
295. 571
1. 025, 660
581,647
648. 399
643, 398
491,663
230, 478
363, 411
m
(2)
517, 396
2,468,381
77, 164
72, 406
68, 172
62, 449
60, 682
56, 610
258, 096
162, 394
135, 970
171,376
116,955
65, 091
61, 177
29, 050
17, 664
41, 467
66, 013
27, 973
7,977
19, 678
17,911
66
16. 398
16, 277
16, 031
15, 934
14, 947
13, 022
67,310
45, 358
44, 096
43, 548
25, 581
13, 260
10, 268
6,538
3.632
6.029
11.780
4.092
899
2,411
1,156
234
220
10-11
$3, 921
9,132
12, 142
13, 765
15, 646
127, 131
164, 581
198, 249
343, 748
348, 266
270, 692
331,812
211,372
163, 195
291, 069
963, 338
621,872
474, 251
438, 712
382, 662
177, 134
242, 786
11-12
12-13
13-14
14-15
15-20
20-25.
25-30.
30-40.
$8, 074
23, 520
4,651
16,443
20, 156
20, 339
30, 234
56, 422
65, 555
71, 802
125, 956
93, 463
53, 522
121, 037
(»)
(2)
212, 672
$9, 718
40-50
10, 121
50-60..
21, 908
60-70
49, 614
70-80-.
30, 006
80-90
18, 210
90-100 .
62, 170
100-150
48, 443
150-200
129, 761
200-250
4,732
250-300
38, 536
300-100
1,317
400-500
500-750
191
750-1,000
1,000-1,500
304, 756
(2)
1,500-2,000
32
2,000-3,000
3,000-4,000
2, 066, 587
408, 290
220
6,276
4,000-5,000
5,000 and over
6, 288, 439
234, 200
192
234, 274
266
Total.
119, 623
481. 017, 650
11,028,018
2, 260, 242
8, 166, 899
1, 566, 409
534, 497
431, 035
Summary for pre-
ceding years: »
1930
147, 364
177,918
179, 886
175, 806
176, 804
188, 669
323, 733
350, 072
267, 963
250 147
668. 391, 038
1,029,756.680
1, 066, 529, 992
950,085,831
905,814,790
910,910,113
1. 045, 850 046
1,041,933,086
796,411,946
657, 779, 854
17, 479, 145
40,599,864
50,601,040
35, 599, 799
32, 408, 357
33, 263, 014
30, 983. 705
28.051,017
34, 965, 003
24,197,840
1928
1927
1926
1924
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
97
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
MINNESOTA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
1214 per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 ' (est.)
Under 1 (est.)-
1-2 1 (est )
3,123
132
8,452
6,631
5,436
3,922
7,435
2,081
2,590
3,304
346
2,278
159
1,466
99
1.060
85
759
65
515
461
352
290
214
192
570
316
157
159
78
35
18
24
11
11
20
3
2
1
1
$1, 833, 906
73, 075
12, 789, 790
11, 356, 072
13, 505, 144
9, 248, 808
25, 969, 509
7, 480, 922
11, 335, 890
14, 846, 481
1, 872, 429
12, 474, 819
1, 019, 695
9, 480, 233
739, 475
7. 913, 392
719, 175
6, 437, 095
614, 522
4, 889, 573
4, 822, 660
4, 044, 465
3, 606, 148
2, 889, 628
2, 784, 987
9, 796, 264
6, 991, 238
4, 297, 560
5, 398, 091
3, 497, 050
1. 917, 240
1, 174, 696
1, 826, 368
921, 987
1, 046, 191
2, 347, 693
514, 559
(2)
(2)
(»)
$451
$601
$150
1-2 (est )
16, 337
21, 782
5,445
2-3 > (est.)
2-3 (est.)
35, 137
46,850
11,713
3-4 1 (est.)
3-4 (est )
21, 661
28. 882
7,221
4-5 1 (est.)
4-5 (est.)
31. 153
41, 538
10, 385
5-6 ».-
5-6
39, 687
51, 750
12, 063
6-7'
6-7
41, 701
53, 143
11,442
7-8 >
7-8
42, 085
52, 123
10, 038
8-91
8-9
39, 025
48, 776
9,751
»-10 1 ..
9-10
34, 247
36, 547
37, 282
37. 763
32, 357
36, 586
170, 391
177, 021
151, 078
247, 686
189, 184
143, 494
102, 999
165,973
66, 557
101, 582
288. 329
79.488
42,600
43, 316
41. 113
39, 319
32, 080
35, 709
135, 860
102, 955
66,003
90. 005
42. 461
32, 163
24. 776
26, 858
9,732
11, 222
36. 609
2,212
(2)
8,353
8,923
9,025
8,577
7,201
8,732
33, 791
29, 930
20, 096
24, 536
11,884
7,344
4,330
4,951
2,147
1,995
3,791
615
(2)
10-11
$2, 154
5,194
7,021
7.478
9,609
68, 322
103.996
105, 171
190, 609
174, 531
125, 253
89, 356
159, 602
79, 320
115,740
283,805
77,893
(2)
(»)
(»)
11-12
12-13
13-14 .
14-15
15-20
20-25
25-30
30-40
$4, 027
5,630
2,119
6,782
11, 581
4,975
$12, 419
40-50
21, 554
50-60
8,697
60-70
13, 585
70-80
27, 117
80-90
25, 323
90-100 .
23, 386
100-150 ...
1,899
30, 193
15&-200
2
200-250
(2)
(2)
250-300
(2)
300-400
m
(2)
(2)
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2.000-3,000
3,000-4,000
4,000-5,000.
5,000 and over
Classes grouped K..
1. 053. 941
79, 640
576
145. 267
20.548
804
86, 947
Total
62.853
213. 530, 771
2, 445, 441
1, 161, 014
1, 750. 321
67. 661
275, 233
248, 222
Summary for pre-
ceding years: s
1930.
57, 539
60, 701
60, 752
61, 439
64, 227
71, 291
128, 237
134. 360
122, 885
124, 501
266, 572, 313
337, 880, 743
340, 152, 949
295, 670, 416
296, 414, 294
305, 945, 206
375, 588, 940
372,376,782
348, 740, 625
340, 833, 699
4. 744, 380
9, 799. 141
11,925,077
7, 383, 307
6, 475, 311
6, 125, 915
6, 720, 567
7, 083, 527
9, 419, 301
8, 697. 117
1929
1928
1927...
1926
1925
1924
1923
1922
1921
For footnotes, see p. 124.
98
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
MISSISSIPPI
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12}4per.
cent on
capital
net
loss
Under 1 1 (est.)
1,275
35
2,386
698
1,739
449
1,480
271
394
354
66
211
20
120
19
93
9
46
11
51
41
18
16
14
12
29
14
9
6
3
$708, 816
18, 116
3, 564, 746
1,211,113
4, 336, 775
1, 038, 833
5, 110, 277
975, 012
1, 703, 741
1, 607, 589
357, 801
1,167,400
128, 656
772, 551
142, 391
695, 300
75, 171
391, 391
102, 838
482,696
432, 739
206, 963
187, 574
190,711
172, 888
496, 328
305, 358
250, 400
203, 522
129, 689
Under 1 (est.)
1-2' (est.)
$172
$229
$57
1-2 (est.) -
1,815
2,420
605
2-3 1 (est.)
2-3 (est.)
4,087
6,450
1,363
3-4 I (est.)
3-4 (est.)
2,271
3,028
757
4-5 ' (est.)
4-5 (est.)
4,226
5,636
1,409
5-6'
6-6
3,498
4,536
1,038
6-7'
6-7
3,222
4,028
806
7-8 «
7-8
3,379
4,138
769
&-9 '
8-9
2,673
3,213
640
&-10'
9-10
3,385
3,047
1,493
1,222
4,615
1,931
8,287
8,221
9,869
13, 110
6,798
4,133
3,487
1,526
1,431
4,504
1,699
6,095
6,191
4,665
6,370
498
748
653
302
686
495
305
1,126
911
1,197
573
195
10-11
$213
270
376
506
637
3,318
3,941
6,401
7,313
6,495
11-12
12-13
13-14 . . .
14-15
15-20
20-25
25-30
30-40
40-50
60-60
60-70.-
70-80
80-90 . .
90-100
100-150 .
160-200
200-250
250-300
300-400
400-500
600-750
750-1,000 . . .
1,000-1,500
1,600-2,000
2,000-3,000
3,000-4,000
4,000-5,000
Total
9,888
27, 146, 285
87, 221
72,275
29, 370
14,424
ceding years: '
12, 147
16,689
16, 140
16,964
17, 196
16, 985
27,213
27, 861
26, 897
25, 614
40, 656, 389
63, 922, 168
64,689,480
64, 878, 684
64,859,892
73, 760, 960
82, 652, 945
83, 494, 009
76, 981, 743
60, 104, 438
261, 781
600, 076
763, 702
816, 429
643, 744
989, 461
1, 155, 729
1, 686, 439
1, 803, 632
1, 069. 136
1929
1928
1927
1926
1925
1924
1923
1922
1921 .
For footnotes, see p. 124.
STATISTICS OF INCOME
99
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
MISSOURI
Num-
ber of
returns
Net income
Tax
•
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 1 (est.)
3,841
114
15. 740
8,230
10, 101
5.786
11.200
3.049
3,190
4,361
535
3,294
318
2,136
216
1, 425
167
1,024
116
798
713
586
429
385
318
935
467
243
275
123
71
45
30
24
16
36
9
3
$2, 363, 904
72, 051
25. 000, 551
14, 173, 062
24,685,119
13, 601, 695
39. 223. 519
11.040,961
13, 890, 237
19, 483, 903
2, 904, 129
18, 015, 148
2, 050. 560
13, 798. 577
1. 620, 715
10. 649, 464
1, 409, 368
8, 683, 043
1, 098, 290
7, 571, 368
7, 462, 092
6, 728, 458
5, 348, 646
5, 200, 377
4, 602, 517
16. 136, 968
10, 397, 000
6, 609, 660
9, 433, 706
5, 524, 779
3, 904, 245
2, 891, 472
2, 229, 050
2, 041, 246
1, 515, 364
4, 327, 996
1, 528, 288
624, 245
Under 1 (est.)
$584
$778
$194
1-2 1 (est.)
1-2 (est.)....
21,024
28, 032
7,008
2-3' (est.)
2-3 (est.)
50,564
67, 419
16, 855
3-4' (e-st.)
3-4 (est.)
25, 448
33.931
8,483
4-5' (est.)
4-5 (est.)
42,484
56,645
14, 161
6-6 1
&-6
53, 471
76. 976
23, 505
6-71
6-7
69, 891
77, 412
17, 521
7-81
7-8
55, 615
70, 469
14. 854
8-91
8-9
54. 943
69, 378
14, 435
9-101 _
9-10
54. 710
55, 021
61,939
53, 420
55, 896
57, 637
280,954
284,787
234, 284
453, 669
352. 336
286. 754
235. 575
196. 562
213, 970
175. 500
494. 654
169. 391
95.024
69. 121
66. 372
68. 257
56. 119
62. 137
55.066
222, 766
14,411
14, 643
15, 031
13, 353
19, 728
13. 079
55. 702
46. 165
31, 920
42,098
21, 980
12, 142
9,516
4,497
3,599
4,502
4,288
648
496
10-11
$3,292
8,713
10, 654
13, 487
15, 650
n.'? son
11-12
12-13
13-14
14-15
15-20
20-25
171,688 l.W. 264
25-30.
104.427
166. 693
94. 847
59,047
47, 672
20, 820
18, 933
33, 330
45, 389
6,043
2,439
161, 777
342. 335
279, 806
252, 606
226, 889
175, 345
190, 361
163, 902
490, 860
217, 346
81,835
30-40.
$2, 697
12. 660
9,289
6,125
20, 813
24,860
4,680
60. 476
8.282
11, 246
$15,958
12, 997
22. 046
35. 595
15. 919
16, 585
21 910
40-50
60-60
60-70
70-80
80-90
90-100
100-150
97, 783
61, 632
160-200..
200-250
260-300
300-400
3
1
1
2
1,057,830
m
(2)
172,968
W
(2)
7,253
(»)
118,612
m
(')
47, 671
476
(2)
(')
92
400-500-
600-750
750-1.000
(0
1,000-1.500-...
1,500-2,000
\
2,000-3,000.
1
3,000-4,000
4,000-5,000-.
6,000 and over
2, 583. 123
398. 447
20, 775
190, 216
188, 749
1.293
£0, 356
85. 507
98. 367
99, 295
96,407
99, 509
109, 059
186, 784
192, 282
173, 728
172, 519
331, 482, 726
4. 747, 522
1, 880, 234
3, 216, 840
397. 548
446. 583
300, 617
ceding years: '
1930
419. 648. 187
558, 127, 649
563, 951, 553
501. 495, 130
612,801,163
633. 836. 188
632, 532, 962
605, 275, 520
526. 387, 658
499,911,004
8. 750. 375
16. 416. 897
18. 910. 977
13, 738, 256
13, 496, 872
14, 246, 816
12, 373, 492
13. 085. 218
15, 972, 706
14, 660, 351
1929
1928..
1927
1926
1925
1924
1923.-..
1922
1921
For footnotes, see p. 124.
100
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and hy net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
MONTANA
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Num-
ber of
returns
Net income
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
26 per-
cent of
tax on
earned
net
income
1214 per-
cent on
capital
net
loss
Under 1 ' (est.)
158
14
1,406
1,686
1,138
948
1,388
501
666
669
82
377
35
256
16
116
11
88
12
77
47
40
28
36
24
61
18
11
10
3
4
2
3
$88,941
8,074
2, 366, 237
2, 740, 660
2, 725, 275
2,200,111
5, 004, 620
1, 805, 714
2, 459, 711
2, 990, 655
439,007
2,056,042
225, 002
1, 656, 973
112, 791
869, 298
94, 663
738, 942
114,447
728, 297
489, 999
460, 724
348, 241
485, 017
349, 285
890, 937
397, 035
295, 867
368, 188
129, 745
210, 514
220, 660
Under 1 (est.)
$45
$60
$16
1-2 1 (est.)
1-2 (est.)..
4,192
6,689
1,397
2-3 1 (est.)
2-3 (est.)....
7,833
10,444
2,611
3-4 1 (est.)...
3-4 (est.)
4,604
6,139
1,535
4-6 ' (est.)
4-6 (est.)
6,438
8,684
2,146
5-6».„.
5-6..
6,259
8,611
2,352
6-7 J
6-7..
7,602
9,387
1,786
7-8'....
7-8..
4,706
6,702
996
8-91
8-9
4,186
6,046
859
9-10'
9-10
6,691
4,801
3,877
3,683
6,494
5,134
17, 382
11,488
10, 049
20, 832
7,698
14, 897
(2)
18, 150
6,855
6,321
4,155
3,650
6,240
4,464
13, 126
6,771
4,096
6,998
2,389
4,920
623
1,164
720
868
652
997
566
2,342
1,188
1,137
1,039
483
513
(»)
8
10-11_.
$200
590
685
1,251
1,226
6,598
5,905
7,090
14, 873
6,484
13, 327
(2)
20, 097
11-12.
12-13....
13-14.
14-16.
16-20-.
20-25-
25-30
30-40-
40-50
$692
60-60-.
2,837
60-70
(2)
2,662
70-80
80-90 .
90-100
100-150
150-200
1
(2)
(0
(2)
(2)
200-250
250-300..
1
(2)
300-400...
400-500..
500-750.-
750-1,000
1,000-1,500
1,500-2,000 -
2,000-3,000
3,000-4,000
6,000 and over. ...
595, 635
33, 768
320
36, 297
15
2,834
9,722
34, 667, 097
209, 809
129, 489
114, 623
25, 378
8,925
ceding years: »
11,635
17,067
17,112
18, 651
16, 191
19, 239
44,011
42, 809
38, 044
36, 907
45, 495, 235
71, 397, 232
72, 908, 121
69, 654, 023
59, 289, 994
00, 825, 486
107,241,911
99, 255, 947
83, 903, 851
81, 527, 662
461, 296
1.019,300
1,298,024
867,944
561, 833
580, 196
731,111
721, 406
1, 029, 195
1,051,863
1929
1927
1926
1925
1923
1922
1921
For footnotes, see p 124.
STATISTICS OF INCOME
101
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NEBRASKA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 • (est.)
1,783
75
3,929
2,482
3,221
1,762
3,535
941
1,033
1,492
154
986
62
585
37
401
25
275
16
196
167
133
102
86
58
183
98
46
34
12
13
8
1
1
3
2
2
1
$1, 004, 688
41, 651
6, 074, 951
4, 300, 182
7, 984, 692
4, 176, 367
12, 372, 319
3, 392, 634
4, 491, 382
6, 702, 687
831, 473
5, 369, 833
399, 794
3, 774, 675
277, 305
2, 990, 480
213, 340
2, 333, 427
153, 226
1, 861, 614
1, 748, 806
1, 519, 509
1, 271, 354
1, 159, 733
841, 693
3, 152, 625
2, 202, 464
1, 270, 900
1, 164, 093
548, 409
724, 469
506, 074
(2)
282, 018
256, 045
(2)
m
Under 1 (est.)
1-2 > (est.) --
$283
$378
$95
1-2 (est.)
6,691
8,922
2,231
2-3 1 (est )
2-3 (est )
16, 340
21, 787
5,447
3-4 1 (est.)
3-4 (est.) -
9,610
12, 814
3,204
4-5 1 (est.)
4-5 (est )
14, 136
18.848
4,712
5-6 1 .
5-6
16,096
23,728
7,632
6-7 1
6-7
16,580
20, 930
4,350
7-8 I
7-8
15, 821
19,691
3,870
8-91
8-9
15, 179
18,884
3,705
9-10 1
9-10
14, 393
14, 947
15, 772
14, 763
13, 991
9,093
57,545
68,599
49, 732
60, 982
28,446
57,995
43, 029
(')
(2)
23, 461
40, 080
(2)
17,699
17, 551
17,236
15, 216
13,323
9,058
47, 846
44,979
25,805
26,267
8,789
11,199
9,553
(2)
(2)
4,431
5,971
(2)
(2)
3,306
3,479
3,516
2,965
2,287
2,912
12,188
10,753
7,533
7,201
3,062
2,770
2,653
(2)
637
371
(2)
10-11
$875
2,052
2,512
2,955
2,947
21, 887
34. 373
31, 460
42, 525
29,386
45,844
39, 435
m
(2)
21, 170
34,399
(2)
(2)
11-12 .-
12-13
13-14
14-15
15-20
20-25
25-30 ---
30-40
$609
40-50 -
6,667
50-60
$3,722
60-70
3,306
70-80
80-90
90-100
8,412
81
(2)
9,915
100-150 -
150-200
200-250
250-300 ----
300-400
400-500
500-750
750-1,000
1,000-1,500 --
1,500-2,000
2000-3,000
3 000-4,000
4,000-5,000
5,000 and over
Classes grouped 2..,
725, 219
99, 862
4,901
80, 501
15,738
1,278
23,940
86, 120, 131
723,426
425, 806
392,321
27,953
102, 157
20,497
ceding years: ^
1930...
27,271
30, 962
31, 426
32, 170
33, 532
35, 661
66, 512
70, 545
67, 503
71, 853
113, 934, 843
140, 322, 452
139, 471, 054
130, 131, 079
134, 153, 838
141,877,975
189, 371, 665
195. 152, 562
177, 969, 193
179, 905, 513
1,381,310
1, 919, 473
2, 109, 341
1, 427, 747
1, 381, 307
1, 732, 535
1, 848, 121
2, 534, 257
3, 165, 433
3, 328, 145
1928
1926
1925
1924
1922
For footnotes, see p. 124.
102
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NEVADA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12K per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 11 (est.)
142
1
363
553
284
466
385
228
103
277
16
205
13
123
2
77
4
42
4
40
21
14
9
5
5
15
9
4
10
3
$75, 422
575, 694
964,902
696, 274
1,096,419
1, 360, 200
812,874
447. 622
1, 238. 214
85, 857
1, 119, 698
81, 646
785, 291
15, .552
573, 718
33, 478
354, 784
38.782
378. 392
219. 154
162. 252
112.206
67, 969
73, 719
246, 323
200,851
109.969
342. 196
135, 747
Under 1 (est.)
m
W
1-21 (est.)
1-2 (est.)....
$1, 505
$2, 007
$502
2-31 (est.)
2-3 (est.)
3,970
5,294
1,324
3-41 (est.)
3^ (est.)
2,451
3,268
817
4-51 (est.)
4-5 (est.)
3,709
4,946
1,237
5-61 ___.
5-6
5,811
7,300
1,489
6-71...- _
6-7
4,944
6,094
1,150
7-8 J
7-8
4,558
5,574
1,016
8-9 1
8-9
3,102
3,687
585
9-101....
9-10
3,562
2,804
1,893
2,130
928
1,671
4,778
5.425
3.405
13. 622
11,259
4,207
3,359
2,127
2,201
804
1,451
4,256
3,741
656
5.859
4.079
645
650
457
293
57
56
955
1,424
6
1,610
14
10-11..
$95
223
222
181
276
1.477
3.108
2.755
11.252
7,194
11-12
12-13
13-14..
14-15
15-20..
20-25
25-30
30-40....
$1, 879
40-50
60-60
60-70
70-80
3
(')
W
(»)
(»)
(')
80-90
90-100
1
1
1
0)
h
h
(0
(2)
(2)
(2)
(2)
C)
m
100-150...
(')
150-200
«
m
m
200-250 .
250-300 -
300-400 ..
1
m
(2)
(2)
(2)
m
400-500 ..
600-750 ..
1
m
(»)
(2)
0)
750-1,000-..
1,000-1,500
1,500-2,000 ..
2,000-3,000...
4,000-5,000
6,000 and over. ..
Classes grouped '
1, 636, 452
267, 499
15. 278
245, 308
$9, 347
1,062
1,372
Total
3.431
14.041,657
349,026
86, 188
272, 091
9,347
15, 349
3,251
Summary for pre-
1930
4,006
5.174
4,477
4,702
4,797
6,164
10,664
10. 467
9.723
9.719
16. 688. 195
21. 597. 783
20, 109. 392
17. 443. 233
16, 795. 822
19.661.369
27. 534. 276
25,711.611
22, 397, 460
22, 455, 508
472, 636
356. 444
477, 673
228. 799
195. 497
178, 361
184, 334
241,291
258, 732
329, 296
1928
1926
1924
1923- .
1922
For footnotes, see p. 124.
STATISTICS OF INCOME
103
Table 9. — Individual returns for 19S1 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NEW HAMPSHIRE
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net Income classes
(Thousands of
dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
121^ per-
cent on
capital
net
loss
Under'
872
33
2,107
1,258
1,699
906
1,477
499
608
677
177
505
74
313
62
219
32
177
33
102
108
81
70
54
37
116
69
38
35
11
6
4
4
3
2
6
3
$509, 082
15, 068
3, 258, 762
2, 164, 684
4, 181, 810
2, 161, 654
5, 123, 483
1, 780, 846
2, 664, 820
3, 034, 985
961,042
2, 747, 459
479, 022
2, 016, 339
461, 213
1, 635, 932
273, 093
1, 499, 279
313. 689
969, 021
1, 135, 830
931,310
871,635
727, 355
539, 076
1, 986, 078
1, 523, 589
1, 026, 635
1, 207, 124
478, 929
333,811
259, 821
306, 881
250. 690
191, 734
709,802
511, 723
Under 1 (est.)
$70
$93
$23
1-2' (est.)
1-2 (est.)
2,983
3,978
995
2-3 1 (est.)
2-3 (est.)..
7,775
10, 367
2,592
3-4' (est.) -
3-4 (est.)
4,694
6,259
1,665
4-5 1 (est.)
4-5 (est.) --
9,424
12, 565
3,141
5-6'
5-6
9,211
11,912
2,701
6-71.—
6-7 - --
8,078
10, 261
2.173
7-81
7-8 --
8,359
10. 261
1,902
8-91....
8-9 -.
10, 271
12, 251
1,980
9-10 1
9-10
6,825
7,042
7,314
7,222
7,113
5,357
31,355
38, 090
34, 647
63, 175
28,092
25, 916
18, 087
32, 677
24,242
16, 862
74,654
73,754
8,163
7,852
7,380
6,842
6,222
4,500
22, 066
20,023
12, 569
20,463
6,132
5,651
1,482
8,631
2,031
1,008
3,185
1,023
1.338
1,366
1.276
1.314
1.084
1,013
4.505
4.681
2.281
4.114
1.311
1.405
542
1,483
231
7
13
448
10-11
$556
1,210
1,694
1,975
1,870
13,794
22, 748
24,369
43,788
24,111
22,546
20,840
26,549
12, 204
21, 750
90,752
66,269
11-12
12-13
13-14-.
14-15
15-20--.
20-25
25-30
30-40 . .- .-
$4,378
91
$1,340
931
876
40-50
50-60 —
60-70. -
3,693
3 141
70-80
2,121
11,264
80-90
1,026
5,889
20,000
90-100
100-150
730
6,910
150-200
200-250-- -
250-300-- --
300-400
400-500 -
500-750--
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000-...
4,000-5,000-..-
Total
12, 477
49, 243, 306
563, 289
223, 160
397,015
25,494
45.484
36,896
ceding years: 3
13, 927
14, 341
14, 132
14, 484
15, 276
16,413
31, 532
36, 876
31, 787
32, 410
60,014,739
74, 306, 913
72, 610, 266
70, 560, 949
66, 743, 817
70, 117, 771
94, 132, 914
104, 852, 122
85, 577, 058
82, 352, 496
952, 064
1,734,828
1, 991, 854
1, 824, 931
1, 201, 298
1, 218, 822
1, 377. 393
1, 643, 150
2, 133, 631
1, 759, 290
1929
1928
1927
1926
1925
1924-- --
1923 :.
1921
For footnotes, see p. 124.
104
STATISTICS OP INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NEW JERSEY
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
26 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 1 (est.)
6,426
669
22, 862
19, 841
21, 291
16, 822
23, 633
9,626
8,031
13, 174
1,286
8,970
578
5,713
443
3,934
272
2,744
241
2.075
1,630
1,273
962
829
645
2,021
978
474
631
233
141
85
66
39
48
87
36
12
8
10
3
3
3
3
$3, 907, 435
399,644
36, 015, 166
34,411,778
52, 735, 551
40,111,470
82, 673, 578
34, 449, 361
34, 980, 977
58, 963, 900
6, 949, 807
48, 936, 157
3, 726, 393
36, 867, 605
3, 313, 636
29, 381, 513
2, 307. 267
23, 243, 652
2, 280, 656
19,661,911
17, 069, 298
14,616,861
11,996,767
11,177,714
9,341,317
34, 696, 206
21, 791, 586
12,958,320
18, 193, 336
10, 317, 141
7, 676, 563
5, 498, 231
4, 938, 038
3, 293, 485
4, 559, 171
10,427,422
6, 327, 691
2, 681, 600
2, 159, 375
3, 527, 108
1, 251, 702
1, 718, 573
2, 789, 001
3,676,690
Under 1 (est.)
$3, 133
$4, 177
$1,044
1-2 I (est.)
1-2 (est.).
64, 292
72, 390
18, 098
2-31 (est.)
2-3 (est.)
150, 733
200, 977
50,244
3-11 (est.)
3-4 (est.)-
104, 420
139, 226
34, 806
4-5 1 (est.)
4-5 (est.)
135,804
181,072
46,268
6-6 > -
6-6.
151, 267
203, 635
62, 368
6-71
6-7
162, 315
208, 200
45, 886
7-8 1
7-8.
147, 262
193, 758
46, 496
8-91
8-9
137, 214
178, 268
41, 054
9-10 1
9-10
140, 936
136, 035
134, 710
126, 275
142, 238
124, 429
636, 147
612, 166
487, 516
887, 449
651, 023
660, 401
461,484
422, 978
314, 628
490,991
1, 271, 046
786, 797
462, 166
343, 827
486,456
226,065
312,976
608, 732
710, 318
179, 177
163, 096
148, 705
132, 581
145, 459
120, 823
542, 121
392, 887
237, 794
371, 248
219, 789
145, 807
103, 345
88, 414
60, 354
77, 588
126, 842
77, 790
46, 726
12, 696
30,883
9,740
7,682
12, 047
38,241
34,908
33, 111
30,050
32, 963
28,453
146, 808
114,072
70,983
101, 373
48,007
31,616
15, 707
11, 656
7,436
8,926
16, 584
7,106
2,478
729
1,228
496
53
600
10-11
$7, 847
19, 116
23, 744
29. 742
32, 059
240, 834
333, 351
320, 705
659, 857
514, 041
487,983
419, 659
434, 723
321,491
509, 461
1, 210, 483
814, 919
370, 206
288, 987
370, 165
202, 656
295, 757
532, 780
710, 318
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-10
$6, 484
12, 824
17, 060
18, 021
28,651
14, 082
2,938
124, 533
92. 164
46, 484
52, 817
161,348
14. 165
14, 336
$48, 767
40-50
47,624
50-60
58, 933
60-70
63, 834
70-80
117, 054
80-90
63, 863
90-100
90, 070
100-150
174, 228
150-200
191, 970
200-250
8,773
250-300
9,944
300-400
74, 712
400-500
500-750
4,746
750-1,000
35, 496
1,000-1,500 .. .
1,500-2,060
2,000-3,000
3
7, 763, 733
1,498,023
18, 132
1,491,232
1,960
602
12, 799
3,000-4,000
4,000-5,000
5,000 and over
Total
178, 754
786, 764, 184
13, 971, 251
4, 843, 429
10,642,116
607, 767
1, 119, 249
1,002,812
Summary for pre-
ceding years:'
1930
187,943
196,772
196, 681
195, 467
176, 320
150,874
299, 904
293, 503
301, 834
269, 096
966,732,849
1, 212, 423, 226
1,241,411,359
1,117,398,064
1,032,297,571
943, 672, 751
1,177,421,081
1,050,741,177
1, 032, 262, 375
856, 856, 068
23, 219, 240
43, 956, 017
51, 889, 941
38,911,894
32, 858, 092
32, 383, 155
31,941,148
30, 552, 642
40, 982, 616
33, 258, 294
1929
1928
1927
1926
1926
1924
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
105
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NEW MEXICO
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1 ' (est.)
392
5
891
565
648
453
786
328
193
362
31
252
14
131
10
93
10
60
3
32
22
19
13
8
14
27
'?
7
1
$210, 060
3,665
1, 369, 657
984, 275
1,614,196
1, 087, 998
2, 736, 319
1,160,453
838, 918
1, 629, 194
167, 184
1,371,612
91, 196
845, 149
73,968
700, 560
83,867
506, 768
28,459
304,416
231,509
219, 791
161, 840
107, 585
201, 547
468, 799
230, 893
135, 769
245, 385
Under 1 (est.) -
1-2 1 (est.)
$31
$42
$11
1-2 (est.)
1,492
1,990
498
2-3 ' (est.) -
2-3 (est )
3,819
5,092
1,273
3-4 1 (est.)
3-4 (est.)
3,649
4,866
1,217
4-5 1 (est.)
4-5 (est.) .
4,885
6,514
1,629
6-61
6-6
5,711
7,317
1,606
6-7 J
6-7
4,902
6,008
1,106
7-81
7-8 „
4,951
5,999
1,048
8-9 »
8^
4,085
4,843
758
9-101
9-10
2,627
1,924
2,529
1,803
1,286
4,355
9,156
7,399
5,491
13,207
(2)
2,985
2,008
2,510
1,879
1,134
4,256
6,834
3,975
2,244
4,461
358
199
280
372
123
573
764
154
62
502
10-11 . ...
$115
299
296
275
672
3,086
3,578
3,309
9.248
(»)
11-12 .
12-13 .
13-14
14-15
15-20 — . .
20-25
25-30
30-40 .-
40-50
50-60
60-70 ...
2
(')
(»)
(J)
70-80
80-90
90-100
100-150
2
243, 600
31,958
31,822
136
150-200 . .
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000-
3,000-4,000
4,000-5,000
5,000 and over. ...
Classes grouped '
176,837
2,07e
7,53S
$5,463
Total
5,389
18, 231, 46S
117, 336
74,957
60,23£
136
12, 533
5.463
Summary for pre-
ceding years: ^
6,28S
6,874
6,68f
6,465
6,5K
7,20C
11,59.
12, 205
11,55:
11,78(
24,970,971
30,875,636
29,995,50
26, 288, Ui
24, 631, 50'
23,994,71'
31,951,11"
i 32, 667, 61(
28, 982, 8^
) 27, 838, 16v
222, 45«
299,882
464, 43(
283, 40:
227, 47
r 178, 76
I 223, 84
) 337, 35
I 383, 75(
) 351, 62<
1929
>
) .
1927
1925
>
1924
2
1923 -.
}
)
1921...
)
1
For footnotes, see p. 124.
106
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NEW YORK
Net income classes
(Thousands of
dollars)
Under 1 1 (est.).
Under 1 (est.)..
1-2 1 (est.)-
1-2 (est.)
2-3 ' (est.)
2-3 (est.)
3-4 I (est.)
3-4 (est.)
4-51 (est.)
4-5 (est.) -
5-6 1....
6-6
6-71
6-7
7-81
7-8....
8-91
8-9.-..
9-10 1
9-10.
10-11...
11-12
12-13
13-14
14-15
15-20..-.
20-25
25-30
30-40
40-50
50-60--. .-
6O-70-.
70-80....
80-90
90-100
100-150
150-200
200-250
250-300,.
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over-
Total.
Summary for pre-
ceding years:'
1930
1929
1928..
1927
1926
1925
1924
1923
1922
1921
Num-
ber of
returns
24,724
1,362
84, 257
67, 732
73, 902
62, 454
78, 264
33, 770
29,175
43, 838
4,364
30, 068
2,183
19, 447
1,510
13, 496
1,185
9,553
1,032
7,523
6,081
4,930
4,019
3,203
2,780
8,568
4,410
2,436
2,758
1,463
950
602
439
262
235
526
206
94
63
67
33
47
20
12
7
3
2
634, 057
711,566
757, 835
780,418
766, 974
753, 044
751,941
1, 21.5, 640
1,221,654
1, 102, 748
1, 066, 637
Net income
$14, 070,
797,
131, 117
119, 050
183, 406,
149, 150,
273, 473,
120, 168,
126, 910
196, 765,
23, 570
164, 123,
14, 127
125, 680,
11, 298
100 856,
10 055.
80 967,
9, 797
71, 354
63, 697,
56, 627,
50, 136,
43, 180,
40, 265,
147, 154,
98,291
66, 683,
95, 054,
65, 264,
51, 880
38, 994,
32, 783,
22, 250,
22, 306,
63, 889,
35, 136,
21, 064
17, 081
23, 235
14, 640
28, 840,
17, 854,
14, 366
12, 763,
6, 925
6, 918
24, 600,
3, 108, 633, 729
732
4, 189,
6, 253,
G, 458,
5, 398,
4, 984,
4, 903,
5, 144,
4, 565,
4, no
3,617,
130 106
465, 699
089, 207
451,005
020 281
288, 994
766, 182
314,898
588, 989
757, 104
Tax
$3, 977
206, 465
574, 684
424, 455
532, 382
553, 442
598, 054
574, 196
543, 837
564, 805
526. 247
542, 835
558, 663
539, 432
578. 248
2, 789, 929
2, 825, 039
2, 614, 248
4, 650, 246
3, 960, 847
3, 694, 150
3, 086, 325
2, 839, 833
2, 116, 122
2, 262, 346
7, 404, 409
4, 350 482
2, 690 799
2,318,114
3, 188, 784
2, 520, 393
4, 223, 686
2, 326, 872
2, 417, 292
1, 832, 434
1,119,004
1, 323, 560
4, 099, 152
77, 975, 788
508, 893
687, 348
606, 998
210, 059
164,324
157, 834
774, 567
311,565
960 079
768, 379
Tax before tax credits
Normal
tax
$5, 303
275, 287
766, 246
565, 940
709, 843
744, 636
764, 238
725, 740
683, 296
711,356
634, 830
617, 489
599, 482
562, 140
587, 065
2, 394, 232
1, 846, 938
1, 340, 599
1, 984, 605
1, 358, 721
1, 069, 163
754, 203
546, 615
387,041
387, 058
935, 112
441, 440
233, 498
205, 169
236,812
191,926
169, 683
34, 330
107, 576
45, 774
23, 623, 386
Surtax
$29, 333
72, 983
98, 646
111,447
138, 324
1,018,121
1, 496, 295
1, 636, 924
3, 423, 183
3, 327, 268
3, 306, 135
2, 901, 612
2, 742, 541
2, 126, 827
2, 264, 320
7, 341, 037
4, 696, 203
2, 716, 583
2, 302, 376
2, 967, 356
2, 076, 364
4, 306, 913
2, 568, 967
2,141,
2,148,711
756, 024
1, 251, 237
4, 903, 466
64, 770 685
12K per-
cent on
capital
net
gain
$39, 076
85,294
177, 735
180, 109
291, 288
137, 615
203, 313
722, 269
414, 463
458, 216
248, 912
588, 502
378, 116
553, 926
530, 601
375, 139
217, 174
377, 545
72, 323
6, 051, 616
Tax credits
25 per-
cent of
tax on
earned
net
income
$1,326
68, 822
'i9i,'562
141, 485
'177," 461
191, 194
"166,' 184
' 151,' 644
139, 459
146, 551
137, 916
147, 637
139, 465
134, 155
147, 141
622, 424
518, 194
363, 275
501, 672
270, 813
181, 025
116, 162
72,229
43, 198
44, 256
102, 037
30, 273
13, 496
8,473
10, 082
7,256
6,441
1,772
959
220
225
4, 996, 384
12K per-
cent on
capital
net
loss
$294, 946
539, 623
677, 858
633, 437
668, 382
492, 163
548, 089
1, 491, 972
1,071,351
704, 002
429, 870
593,804
118, 757
800, 395
805, 254
205, 953
579, 005
14, 340
804,314
11,473,515
For footnotes, see p. 124.
STATISTICS OF INCOME
107
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NORTH CAROLINA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
121^ per-
cent on
capital
net
loss
Under 1 ' (est.)
1,674
33
5,152
1,701
3,312
1,131
3,651
698
1,181
1,070
222
659
117
383
68
238
55
187
55
115
130
106
101
78
57
160
82
48
72
23
12
12
8
5
5
9
2
$1,027,646
19, 155
7, 996, 621
2, 926, 220
8, 191, 304
2, 646, 540
12, 671, 847
2, 516, 602
5, 167, 689
4,808,930
1, 199, 403
3, 616, 446
760, 647
2, 473, 630
510, 301
1, 780, 724
467, 347
1, 586, 100
524, 074
1,089,036
1, 364, 134
1, 216, 730
1, 261, 595
1, 052, 038
825, 190
2,722,007
1, 839, 132
1,311,266
2, 462, 088
1, 016, 821
645, 977
790, 680
690, 903
420,284
460, 791
1,128,610
312,461
Under 1 (est.)
$164
$218
$54
1-2 1 (est.)
1-2 (est.)
4,185
5,680
1,395
2-3 1 (est.) -
2-3 (est.) -.
9,439
12, 686
3,147
3-4 1 (est.)
3-4 (est.)
6,252
8,336
2,084
4-5 1 (est.)— -
4-5 (est.)- -.-
8,859
11,812
2,963
6-61
5-6 -
10, 310
13, 463
3,143
6-7 1
6-7 -
10, 435
13, 246
2,811
7-81
7-8
8,092
10, 231
2,139
8-9 1
8-9 -
9,122
11, 218
2,096
9-101
9-10 -
7,424
9,448
7,720
9,656
8,693
7,871
40,864
39, 393
45,442
114, 564
58, 620
44,421
49,523
46, 272
41, 863
55, 147
144, 281
45, 031
9,489
10, 927
8,037
8,950
8,222
7,494
31,003
19, 695
17, 448
36, 156
10, 507
7,941
927
3,452
5,104
3,880
5,803
2,065
2,124
1,868
2,024
2,250
2,445
8,623
7,592
3,153
9,676
2,130
1,233
676
1,009
864
491
238
10-11...
$645
1,661
2,730
2,721
2,822
18, 484
27, 390
31, 147
89, 406
49, 530
38. 624
69, 895
40, 193
34, 491
41, 032
138, 716
43, 731
11-12
12-13
13-14...
14-15
15-20
20-25
25-30
30-40
$1, 321
40-50.
$713
3,923
50-60 ..
4,834
10, 723
3,126
7,396
44
60-70
70-80
6,761
10,628
10, 770
80-90.
90-100
100-150..
150-200
1,300
200-250
250-300
3
4
2
3
824, 686
1, 476, 669
(?)
1, 908, 783
138, 261
268, 167
(2)
374, 077
135, 571
268, 974
(2)
336, 774
2,704
14
35
(2)
526
300-400
772
400-500.
(2)
25, 382
(')
30
600-750 .. .
12, 477
760-1,000
1,000-1,600
1,500-2,000
1
(2)
(2)
Q)
(2)
2,000-3,000
3,000-4,000
4,000-5,000....
5,000 and over. .
Classes grouped 2...
2, 442, 583
416,800
715
463, 497
619
46, 793
Total
22,625
88, 042, 680
2, 030, 396
307, 711
1, 817, 924
49, 176
69, 377
75,038
Summary for pre-
ceding years: 3
1930
25, 216
28,860
30, 997
33, 398
35, 332
38, 740
63, 864
68,191
58,009
44,161
103, 624, 484
130,352,897
161, 039, 786
155, 916, 827
153, 231, 981
161, 623, 764
200, 888, 953
206, 638, 618
171, 929, 259
2, 426, 562
3, 282, 957
6, 061, 641
4, 619, 870
3, 398, 245
3, 178, 767
3, 777, 873
4, 767, 257
4.908.611
1929
1928.
1927.
1926
1925...
1924.
1923.
1922
1921
127, 992, 961 S. 7fin. 4901
1
For footnotes, see p. 124.
177160—34 8
108
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
NORTH DAKOTA
Num-
ber of
retm-ns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
123^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12^-2 per
cent on
capital
net
loss
Under 1 « (est.)
918
6
1,627
666
1,246
400
952
193
226
247
28
149
20
107
5
60
3
43
2
28
19
15
14
4
4
18
8
3
1
$533, 052
2,592
2, 484, 984
1, 152, 100
3, 063, 471
926, 658
3, 276, 222
692, 577
973, 640
1, 104, 315
151, 775
811, 288
128, 716
694, 084
37, 485
461, 839
25, 354
364, 100
19, 108
266, 181
199, 629
169, 813
174, 559
54, 135
58, 309
307, 703
172, 398
(2)
(2)
Under 1 (est.)
$10
$13
$3
1-2 1 (est.)
1-2 (est.)
1,672
2,230
558
2-3 ' (est.)
2-3 (est.).-
3,335
4,447
1,112
3-4 I (est.)
3-4 (est.)
1,865
2,487
622
4-5 1 (est.)
4-5 (est.)
2,549
3,399
850
5-6 1
5-6
2,526
3,300
774
6-7'
6-7
3,037
3,758
721
7-8 1
7-8
2,240
2,771
531
8-9 1.
8-9
2,334
2,826
492
9-10 1
9-10
1,761
1,133
1,291
2,527
738
901
5,609
4,735
(2)
(2)
2,135
1,362
1,268
2,544
724
851
4,567
3,038
(2)
(2)
374
308
176
404
127
156
834
721
(2)
(*)
10-11 -.
$79
198
387
141
206
1,876
2,418
(2)
11-12
12-13--
13-14
14-15
15-20
20-25 .
25-30
30-40
40-50
50-60
1
«
60-70 - -..
70-80
80-90
90-100 . .
100-150
150-200
200-250
250-300 - - - --
300-400
400-500
500-750
750-1,000
1,000-1,500
1 500-2 000
2 000-3,000
3 000-4,000
4,000-5,000
173, 539
4,256
1,141
3,215
100
Total
7,013
18, 469, 626
42, 519
42, 861
8,620
8,862
ceding years: 3
1930
8,262
9,170
9,710
9,758
9,881
11,715
19, 160
18, 054
18, 750
18, 440
24,476,992
31, 197, 250
34, 878, 015
33, 252, 341
33, 169, 117
35, 695, 178
48, 689, 794
42, 973, 996
43, 767, 089
43, 032, 753
86,704
111,346
209, 440
187, 635
180, 012
162, 589
268, 090
276, 288
453, 219
485, 783
1929
1928
1927
1925
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
109
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
OHIO
Num-
ber of
returns
Net Income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12M per.
cent on
capital
net
loss
Under 1 ' (est.)
6,369
314
27, 360
17, 171
19, 235
12,547
24,965
7,393
8,520
11, 033
1,401
6,880
695
4,322
490
2,956
376
2,032
282
1,592
1,333
1,119
842
709
669
1,753
878
488
461
246
148
82
67
39
31
72
21
9
3
8
1
4
1
1
1
$3, 693, 808
167, 852
43, 043, 504
28,938,131
47, 381, 394
29, 857, 410
87, 679, 054
26, 644, 332
37,027,521
49,403,167
7, 586, 365
37, 581, 707
4, 494, 976
27, 933, 893
3, 665, 793
22,067,210
3, 184, 808
17, 246, 035
2, 671, 677
15, 098, 760
13, 974, 270
12, 841, 892
10, 502, 152
9,563,013
8, 102, 479
30,033,460
19, 575, 646
13, 302, 554
15, 978, 539
11, 016, 349
8, 139, 086
5,316,115
4,997,534
3, 322, 161
2, 945, 434
8, 679, 479
3, 599, 131
1,991,851
•825,820
2, 785, 265
(2)
(2)
(2)
(2)
(2)
Under 1 (est.)
1-2 1 (est )
$922
$1, 229
$307
1-2 (est )
36,164
48,205
12,061
2-3 1 (est.)
2-3 (est.)
112, 432
149,910
37,478
3-4 ' (est )
3-4 (est )
76,325
100,433
26, 108
4-5 1 (est )
4-5 (est.)
111, 106
148, 141
37,035
6-61
5-6
116, 808
154, 667
37,849
6-7'
6-7
115, 222
148,991
33, 769
7-81
7-8
109, 177
140, 940
31, 763
8-9 1
8-9
97,313
127,977
30, 664
9-10'
9-10
104,018
94, 770
104, 259
98,128
104, 340
94, 346
469, 767
625, 010
478, 686
742, 649
720, 888
586, 217
396, 438
402, 819
338, 953
314, 576
994, 379
493, 832
306, 414
140, 111
361, 981
(2)
(2)
(2)
(2)
(2)
132,939
115, 986
115,843
102, 662
106, 057
92, 130
373,953
307, 724
219,913
260,962
177, 105
114,699
68, 194
47, 379
43, 297
29,939
89, 535
38, 053
20,729
23
9,019
28,921
27, 618
27, 944
25, 168
26, 679
26, 486
112,420
86, 777
66, 604
69, 254
42,807
23,909
12, 338
8,923
7,122
6,367
13, 735
3,556
2,632
6
911
10-11
$6,402
16, 360
20, 634
24,862
27, 702
208,224
304, 063
325, 377
677, 185
595, 671
524, 422
402, 101
404, 786
319, 478
281, 225
995, 661
454, 621
285, 086
140, 010
419, 540
(2)
(2)
(2)
(2)
11-12
12-13 .
13-14
14-15
15-20
20-25
25-30
30-40
$9, 238
30, 111
20, 409
22, 535
45, 983
27, 816
46,039
93, 306
62, 186
25, 659
84
48,833
$35, 482
40-60 -.-
39, 192
50-60
49, 404
60-70
84,054
70-80
86,406
80-90
44, 616
90-100
36, 260
100-150
170, 388
150-200
67, 472
20O-250..
22,428
250-300
300-400
114, 500
400-500
(!')
600-750
(«)
(2)
750-1,000
(2)
(^)
1 000-1,500
(2)
(2)
1,500-2,000
2,000-3,000
3,000-4,000 ..
6, 492, 608
1, 096, 830
32,434
1,090,578
27, 961
921
54,222
Total..
164,809
689, 352, 135
9, 742, 860
3, 519, 058
7, 423, 988
460, 160
866, 022
794,324
Summary for pre-
ceding years: 3
1930
199, 600
215, 804
218, 479
222, 707
231, 196
224, 643
418,048
463, 017
364, 988
367,096
950, 397, 134
1, 259, 571, 939
1, 302, 762, 001
1, 153, 756, 214
1,146,495,871
1, 141, 453, 071
1, 403, 748, 590
1, 457, 696, 567
1, 138, 934, 714
1, 060, 027, 926
21, 879, 272
43, 633, 678
55, 393, 575
35, 519, 337
32, 839, 052
30, 321, 360
32 061,822
1929
1928
1927
1926
1925
1924
1923
33, 061, 877
39, 310, 406
33, 574, 094
1922
1921
For footnotes, see p. 124.
110
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
OKLAHOMA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousand of
dollars)
Normal
tax
Surtax
12K per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
WA per-
cent on
capital
net
loss
Under 11 (est.)
3,065
61
6,214
2,240
4,766
1,450
3,570
791
1,061
1,371
173
888
52
593
34
379
41
232
34
211
176
137
90
75
63
202
102
58
60
22
18
7
6
4
3
2
$1, 766, 454
26,159
9, 461, 078
3, 899. 366
11, 669, 432
3, 429, 060
12, 246, 371
2, 858, 416
4, 650, 204
6, 134, 624
928, 594
4,850,232
336, 807
3,819,615
253, 059
2,836,358
347, 579
1,968,422
323, 436
2, 004, 398
1, 841, 495
1, 578, 682
1,123,310
1, 006, 930
912, 603
3, 468, 896
2, 270, 155
1, 588, 185
2, 064, 783
969, 024
977, 583
442, 012
450 850
336, 699
273, 859
Under 1 (est.)
$214
$285
$71
1-21 (est.)
1-2 (est.)
5,800
7,733
1,933
2-3 1 (est.)
2-3 (est.)-
12, 439
16, 586
4,147
3-4 1 (est.)—
3-4 (est.)
6,439
8,585
2,146
4^5 1 (est.)
4-5 (est.)
11, 956
15, 940
3,985
fi-61.
6-6
14, 799
19, 569
4,760
6-7 1
6-7
16, 782
21, 090
4,308
7-8 1
7-8.
14, 892
18, 870
3,978
8-9 1
8-9 _
12, 457
15, 554
3,097
9-10'
9-10
14, 756
12, 765
14, 402
10 965
13, 646
12, 696
67, 497
67, 370
65, 785
114,541
67, 680
79, 662
34, 137
48, 274
37, 306
31, 998
(2)
18, 388
15, 261
15, 887
11, 295
13,414
12, 034
55, 661
47, 065
36, 535
45, 531
21, 945
19,046
8,978
8,477
4,258
2,366
(2)
3,632
3,318
3,525
2,568
2,313
2,377
12,285
14,419
9,340
6,607
3,699
3,638
826
1,942
667
381
10-11_
$822
2,040
2,238
2,545
3,039
24,121
34,724
38, 590
72,047
48,947
64,198
31, 297
41, 902
26, 403
30 013
(2)
11-12
12-13
13-14
14-15. _ —
15-20
20-25.-
25-30.
30-40
$6, 064
892
56
2,756
$2, 494
405
40-50
60-60 --
60-70 -
8,067
70-80- -
163
80-90
7,312
90-100-
100-160
160-200
200-250 - —
1
m
m
m
. (')
(»)
250-300
300-400
400-500---
500-750
750-1,000
1,000-1,500
1,500-2,000- -..
2,000-3,000 -..
3,000-4,000
6,000 and over
-- - . .
479, 171
72, 614
13, 981
37, 655
21, 465
487
Total.
28, 242
93, 593, 901
861,871
474, 324
460 581
38, 544
100, 449
11, 129'
ceding years: '
1930-
32, 526
37,000
37, 261
39, 806
37, 497
40, 825
63, 357
70, 189
72,063
69, 381
157, 410, 693
216, 346, 916
211,061,345
212,341,656
223, 036, 805
219, 960 990
211,271,658
221,293,177
217, 555, 604
191,816,067
3, 416, 992
6, 020 950
6, 446, 274
6, 232, 124
8, 134, 654
6,897,119
3, 794, 477
3, 909. 926
6.414,336
4, 206. 507
1929
1928
1927
1926
1925—
1924 -
1923
1922
1921 -
For footnotes, see p. 124.
STATISTICS OF INCOME
111
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
OREGON
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
ny2 per-
cent on
capital
net
loss
Under 11 (est.)
Under 1 (est.)
1-2 ' (est )
562
46
3,179
2,724
2,619
1,637
2,938
948
993
1,428
104
924
51
541
33
358
26
224
17
148
129
103
64
44
41
153
56
38
27
12
5
2
3
$320, 685
20, 448
5, 238, 398
4, 698, 225
6, 397, 532
3, 848, 393
10, 524, 024
3, 413, 133
4, 289, 089
6. 403. 027
565, 647
5,024,543
328, 677
3, 485, 851
249, 029
2, 675, 098
221, 178
1, 893, 147
161,301
1. 403. 028
1, 346, 730
1, 184, 273
797, 630
593, 220
590, 829
2, 658, 068
1, 265, 699
1, 059, 071
932, 856
529,093
266, 054
134, 804
224, 640
$46
$61
$15
1-2 (est.)
6,209
8,279
2,070
2-3' (est)
2-3 (est.)
18, 213
24,284
6,071
3-4 1 (est )
3-4 (est.)
9,323
12, 431
3,108
4-51 (est.)
4-5 (est.)
12, 949
17, 265
4,316
5-61
5-6
16, 276
21,288
5,012
«-7i
■6-7
15, 881
19, 999
4,118
7-81
7-8
14, 193
17, 740
3,547
«-9i
S-9
12,415
15, 374
2,959
fl-lOi
d-10
10, 465
11,437
12, 406
9,781
7,506
7,741
51, 961
37, 287
41, 580
46, 848
37, 777
18, 587
13,853
14, 452
13, 002
13, 628
13, 959
9,912
7,681
7,475
43, 128
22, 947
21, 726
19, 720
12,620
4,720
2,984
6,681
2,537
2,778
3,071
1,701
1,668
1,670
10,201
5,813
6,520
5,181
1,135
519
71
746
10-11
$587
1,518
1,570
1,493
1,936
19, 034
20,153
26, 374
33, 759
27, 178
17, 116
9,903
17, 749
11-12
12-13
13-14 ..
14-15
15-20
20-25 . .
25-30-
30-40
$1,450
40-50
886
50-60 ..
2,730
€0-70 .- .
$1,037
70-80
8,232
80-90
90-100
2
2
193, 126
218, 113
23,904
22,965
4,321
784
13, 890
17, 226
5,754
7,004
61
416
100-150
1,633
150-200
200-250
250-300
300-400
400-500 .
500-750 --. .
750-1,000
1,000-1,500 .
1,500-2,000
2,000-3,000—
3,000-4,000
4,000-5,000
Total
20,181
73, 154, 659
474, 055
341,009
209,486
13, 795
75,304
14, 931
Summary for pre-
ceding years: '
1930
26,047
28,194
29,333
33, 903
30, 955
32,542
66, 669
69,123
61, 879
62,804
106, 076, 107
129, 360, 587
132,829,673
140, 739, 425
135, 030, 190
132,022,718
189, 884, 373
189, 854, 013
161, 226, 232
159, 574, 639
1, 073, 686
1, 663, 775
2, 387, 276
1, 920, 597
2, 175, 322
1, 787, 992
2, 025, 068
2,891,804
4, 239, 789
4, 951, 580
1929
1927
1926
1925
1924
1923
1922
1921
For footnotes, see p. 124.
112
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
PENNSYLVANIA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12M per-
cent on
capital
net
loss
Under 1 1 (est.)
12, 302
557
43, 753
29, 553
33, 914
22, 136
36, 794
11, 229
12, 196
13, 596
2,527
11,094
1,274
7,241
802
5,002
564
3,681
483
2,753
2,380
1,882
1,511
1,264
1,058
3,094
1,595
922
1,032
532
319
189
132
85
65
175
58
31
22
21
7
10
3
5
3
$7, 118, 539
304, 827
68, 724, 661
50, 818, 881
83, 473, 919
52, 657, 145
128, 530, 759
40, 227, 841
53, 120, 370
60, 747, 829
13, 681, 690
60, 648, 212
8, 228, 447
46, 803, 852
5,993,551
37, 317, 463
4, 783, 549
31, 199, 026
4, 598, 955
26, 086, 878
24, 938, 796
21, 589, 673
18, 839, 788
17, 051, 103
15, 327, 818
53, 276, 862
35, 455, 762
25, 082, 449
35,416,619
23, 770, 343
17, 45G, 436
12, 177, 781
9, 915, 379
7, 248, 539
6, 135, 099
20,919,360
10, 069, 564
6, 812, 627
5, 968, 375
7, 154, 479
2, 970, 163
5, 907, 761
2, 738, 950
5, 999, 567
(2)
Under 1 (est.)
$1,920
$2, 560
$640
1-2 1 (est.)
1-2 (est.)
72, 550
96, 734
24, 184
2-3 1 (est.)
2-3 (est.)
188, 402
251, 202
62, 800
3-4 1 (est.)
3-4 (est.)
115, 179
153, 572
38, 393
4-5 1 (est.)
4-5 (est.)
141, 778
189, 037
47, 259
5-6 1
6-6..-
203,297
266, 844
63, 547
6-71
6-7
209, 840
265, 236
55, 396
7-81
7-8
201, 350
250, 465
49, 115
8-9 1
8-9_..
190, 156
234, 951
44, 795
9-101
9-10
183, 960
184, 852
191, 630
191, 934
197.937
194, 196
944, 952
991, 309
941, 780
1, 696, 653
1, 443, 157
1, 253, 475
977, 733
871, 185
707, 910
664, 379
2, 435, 146
1, 334, 744
990. 869
896, 895
1, 034, 727
515, 663
971,315
455, 571
927, 559
227, 132
214, 247
205, 886
194. 386
192, 675
180, 006
733, 782
580, 360
411, 100
624, 931
435, 666
285, 915
183, 605
134, 349
112,664
94, 750
204, 270
79, 361
81, 194
38, 579
45, 791
2,354
40, 502
38, 481
43, 172
41, 125
42, 162
40, 027
39, 081
38, 106
162, 736
133, 777
92, 599
126, 517
73, 188
42. 943
28, 454
17, 177
10, 796
12, 148
25, 318
7,760
4,574
2,668
3,791
938
2,148
145
610
(2)
10-11
$11,730
27, 906
37, 575
44. 343
52, 296
373. 906
544. 726
623, 279
1, 275, 197
1, 216, 214
1, 109, 359
869, 528
844, 787
678, 525
674, 429
2,466,119
1, 202, 869
996, 249
732, 823
1, 010, 255
535, 329
853, 718
522, 770
1, 158, 095
(2)
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
$22, 676
28, 103
42, 069
88, 220
59. 792
56. 407
11,950
202, 864
213,618
78, 334
193, 849
159, 731
203
121, 054
$99, 634
163. 638
140. 925
135, 166
40-50
50-60
60-70.
70-80
150, 566
128, 890
104. 602
412 789
80-90
90-100
100-150
150-200
153. 344
200-250
160 334
250-300
65, 688
177, 259
21, 285
300-400
400-500.
500-750
41,811
750-1,000
105, 535
1,000-1,500
74
(0
230, 000
1,500-2,000
(^)
2,000-3,000
3,000-4,000
4,000-5,000
1
1
(2)
(2)
16,110,333
(2)
(0
2. 330, 555
(2)
(2)
2, 153, 262
(')
(2)
(2)
571
5,000 and over
(2)
Classes grouped ^...
641, 940
464, 076
Total
267, 848
1, 193, 400, 020
24, 854, 558
7, 052, 587
20,015,289
1,920,884
1,378,660
2, 756, 542
Summary for pre-
ceding years: ^
1930
322, 503
364, 145
361, 220
381,374
397, 575
376, 923
71.3, 427
740, 478
587, 770
621, 103
1,620,314,109
2, 217, 958, 557
2, 204, 955, 406
2,091,825,217
2,138,168,594
2,031,305,849
2, 548, 132, 809
2,478,751,471
2, 005, 570, 020
1, 937, 291, 858
46, 825, 528
90, 694, 655
96, 772, 465
78, 674, 525
76, 887, 315
73, 364, 345
77, 873, 521
73, 206, 630
93, 573, 559
84, 660, 220
1928
1927
1926
1924 .
1923 ..
1922
1921 ...
For footnotes, see p. 124.
STATISTICS OF INCOME
113
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
RHODE ISLAND
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12J^ per-
cent on
capital
net
loss
Under 1 > (est.)
Under 1 (est.)
1-2 ' (est )
902
43
3,100
2,057
2,731
2,086
2,650
1,235
970
1,541
226
1,030
101
663
98
475
60
324
54
301
204
221
174
130
115
356
142
91
104
48
30
29
11
14
13
28
7
3
3
3
$515, 080
23, 370
4, 849, 270
3, 572, 936
6, 788, 989
5, 044, 948
9, 248, 424
4, 410, 633
4, 250, 433
6, 904, 120
1, 229, 635
5, 631, 959
649, 000
4, 299, 790
726, 753
3, 549, 427
508, 595
2, 742, 092
510, 981
2, 855, 793
2, 144, 325
2, 533, 344
2, 177, 774
1, 749, 781
1, 666, 560
6, 137, 360
3, 143, 955
2, 478, 906
3, 581, 984
2, 135, 438
1, 624, 359
1,883,587
831, 764
1, 176, 547
1, 231, 493
3, 378, 447
1, 227, 412
685, 802
783, 506
992, 514
$154
$206
$52
1 2 (est )
5,881
7,841
1,960
2-3 1 (est )
9_Q CpQf- "I
19,893
26, 524
6,631
3-4 ' (est )
3-4 (est )
15, 982
21,309
5,327
4-5 • (est )
4-5 (est )
17, 407
23, 210
5,803
5-6 >
6-6
19, 372
25, 135
5,763
6-7 1
6-7
18, 397
23,352
4,955
7-8'
7 8
18, 365
23, 205
4,840
8-9 >
8-9
18, 760
22,895
4,135
9-101
9-10
20, 696
16, 255
20, 882
21,391
19, 325
21,531
105, 103
87, 500
90, 287
160, 371
131,944
99, 125
128, 520
69,704
118, 527
137, 137
421, 492
157, 067
101, 386
135, 696
163, 998
25,508
19, 260
22, 861
21,987
19, 212
20, 655
80, 708
51,988
43,283
52, 453
35, 650
18, 814
17, 745
12, 517
13, 882
9,327
25, 637
10, 733
1,308
5,656
5,299
4,812
4,030
5,193
5,171
4,382
4,834
18, 537
11,086
12, 746
10,815
7,686
3,727
3,167
919
835
1,905
1,937
988
12
729
530
10-11
$1, 025
3,214
4,575
4,495
5,710
42, 932
46, 598
59, 750
130, 826
110, 345
105, 551
131,540
72, 520
93, 748
120, 592
422, 469
155, 650
85, 901
131,681
171,482
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
$117
565
872
11,668
1,587
17, 644
15, 787
16, 996
810
16,606
$12, 210
40-50
6,930
50-60 -
22, 386
60-70
29, 266
70-80
16, 001
80-90
5,912
90-100
6,664
100-150
41, 673
150-200
9,038
200-250
2,417
250-300
912
300-400
12, 253
400-500
600-750
2
1, 283, 311
236,471
239, 982
3,511
750-1,000
1,000-1,500
1,500-2 000
2,000-3,000
3,000-4,000
6,000 and over
Total
22, 375
111, 159, 397
2, 598, 619
688, 160
2, 140, 486
82, 652
143, 507
169, 172
Summary for pre-
1930
23,862
26, 481
25, 801
25, 184
26, 362
29,123
48, 792
136, 571, 363
184, 531, 178
176, 225, 164
157, 464, 733
155, 050 974
4,114,526
7, 851, 363
8,093,013
6, 332, 169
F, .'i4.'i. 787
1928
1926
1925
160, 955, 280 5, 817, 977
IQl.SM. ISn 6.722.491
1924
1923
66 9651 214 74Q finsi fi. 6S8. 089
1922
50, 076
48, 057
171,409,669 9,351,580
157,568,411 9. 236. 328
i
For footnotes, see p 124.
114
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
creiits; also total number, net income, and tax for prior years — Continued
SOUTH CAROLINA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12K per-
cent on
capital
net
loss
Under 1 ' (est.)
779
41
2,346
848
1,948
701
1,375
337
342
601
79
333
31
206
22
141
19
93
13
81
51
38
32
20
34
63
29
15
15
9
1
$456,216
19, 307
3, 520, 306
1, 462, 292
4, 842, 583
1, 661, 459
4. 744, 361
1, 220, 121
1, 495, 347
2, 242, 723
427, 604
1,811,657
200, 538
1,331,521
165, 403
1,051,278
161, 156
782, 487
123, 318
765, 930
532, 816
437, 124
401, 851
268, 202
491, 306
908, 324
641, 926
417, 366
626, 188
Under 1 (est.)
$172
$229
$57
1-2 1 (est.)
1-2 (est.) -
2,251
3,002
751
2-31 (est.).-
2-3 (est.)
6,427
8, 570
2,143
3-4 1 (est.)
3-4 (p.st.)
3,241
4,321
1,080
4-5 1 (est/)
4-5 (est.)
4,599
6, 132
1,533
6-61
6-6...
6,060
6,577
1,517
6-71
6-7
5,741
7,226
1, 485
7-8 1
7-8
5,000
6,264
1,264
8-9 1
8-9
4,902
6.062
1,160
9-10'
9-10
6,159
3,968
3, 856
3,751
3,091
6,301
18. 246
17, 530
15, 149
25, 949
(2)
(')
7,598
4, 554
4,435
3, 629
3,087
5,207
12, 651
10,838
6,695
9,635
(2)
(2)
1,439
946
1,142
694
678
1,514
2.635
2,998
575
1,990
10-11
$360
563
816
682
1,608
6,230
9,690
10,126
18, 304
(2)
11-12
12-1.3
15-14 . . .
14-15
15-20
20-25
25-30
30-40
40-50
60-60
60-70
70-80.
80-90
1
1
1
Q)
8
(')
(»)
(')
(»)
(0
(')
(»)
m
(»)
(')
90-100
(»)
100-1.50
150-200
200-250
250-300
300-400.
400-500.
600-750
760-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000.
4,000-5,000 . .
6,000 and over .
Classes grouped '...
748, 171
69, 550
13,953
59, 307
2,330
$11, .380
Total
10, 536
33, 858, 781
197,943
129, 565
107, 689
27,931
11,380
Summary for pre-
1930
12, 179
13,232
13, 725
14,310
13,809
15,727
28,090
28,225
26, 830
25,160
42.714.132
50,257,416
66, 610, 360
65, 218, 679
53, 060, 331
67, 601, 544
79, 613, 886
87,031,355
72, 755, 770
68, 255, 825
304, 696
566 252
1929
1928
716, 628
664, 731
420, 164
430, 879
727, 462
1,555,315
1, 268, 305
1,246,523
1927
1926 .
1025
1924
1923
1922
1921.
For footnotes, see p. 124.
STATISTICS OF INCOME
115
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
SOUTH DAKOTA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 11 (est.)
Under 1 (est.)
1 2 1 (est )
788
13
1,475
740
1,210
460
1,054
239
270
349
38
228
17
122
7
90
8
63
3
43
31
30
19
18
11
37
11
3
5
2
$433, 410
6,512
2, 214, 547
1,276,010
2, 989, 153
1, 082, 979
3,625,011
863, 523
1, 177, 987
1, 563, 232
204, 051
1, 240, 343
110, 150
789,664
52, 112
673, 637
67, 145
534, 360
28, 952
409, 350
325, 995
344,839
237, 374
243, 002
159, 687
634, 702
240, 752
81, 358
179, 489
95, 278
$58
$78
$20
1 2 (est )
3,024
4,032
1,008
2-3 ' (est )
2 3 (est )
4,165
5,553
1,388
3-4 1 (est )
3-4 (est )
2,143
2,858
715
4-5 ' (est )
4-5 (est )
3,266
4,354
1,088
5-6 '
5-6
3,631
4,672
1,041
6-71
6-7
3,712
4,482
770
7 8 •
7-8
3,636
4,362
726
8-9 '
8-9
3,342
3,884
642
9-10 •
9-10
3,037
3,301
3,807
2,553
2,718
2,682
13, 355
7,356
3,395
11, 202
7,319
3,721
3,589
3,827
2,756
2,422
2,301
10,040
4,238
1,847
5,231
1,993
684
526
471
676
333
173
1,012
385
435
1,047
45
10-11
$238
451
473
629
554
4,327
3,503
1,983
7,018
5,371
11 12
12-13
13-14
14-15
16-20
20-25
25-30
30-40
40-50
50-60
60-70
2
(2)
(»)
(.')
m
(2)
(')
70-80
80-90
90-100
100-150
1
m
(')
«
m
(2)
150-200
200-250
250-300
300-400
400-500
500-750
760-1 000
1,000-1,500
1,500-2,000
2 000-3 000
3 000-4 000
4,000-5,000
Classes grouped '...
246, 189
17,900
3
17, 305
$2,807
102
$2, 113
Total
7,387
22, 130, 693
105, 602
76, 243
41, 852
2,807
13, 187
2,113
Summary for pre-
1930
9,449
10,449
10,649
10, 969
12, 414
17, 086
26, 506
21, 928
21, 465
21,681
31, 453, 988
40. 165, 070
38, 954, 968
35, 906, 515
38, 153, 263
53, 971, 360
66, 124, 303
50, 170, 861
48,949,551
47, 087, 498
178, 379
300, 886
321,516
209, 667
208, 893
192, 460
306, 097
350, 312
548, 688
524, 653
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 124.
116
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
TENNESSEE
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Num-
ber of
returns
Net income
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
26 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net
loss
Under 1' (est.)
1,622
74
4,947
2,600
3,734
1,839
4,516
1,245
1,236
1,857
226
1,083
106
673
71
475
45
320
41
215
196
138
114
102
108
231
107
63
61
26
11
11
5
6
$943, 766
39, 873
7, 684, 501
4, 473, 081
9, 200, 694
4, 391, 665
15, 658, 207
4, 513, 951
6, 348, 626
8, 301, 865
1, 218, 820
5, 909, 057
687, 928
4,351,793
530, 683
3, 545, 850
377, 502
2, 708, 691
392, 610
2, 039, 222
2, 046, 838
1, 681, 773
1,425,865
1, 382, 463
1, 665, 719
4, 001, 188
2, 366, 476
1, 732, 765
2, 087, 463
1, 159, 038
613, 344
724, 647
371, 448
503, 283
Under 1 (est.)
$357
$476
$119
1-2 1 (est.)—
1-2 (est.)
7,209
9,612
2,403
2-3' (est.)
2-3 (est.)..
16, 768
22,344
6,586
3-4 1 (est.)..
3-4 (est.)
11,374
15, 165
3,791
4-5' (est.)
4-5 (est.)
16, 738
22,317
5,579
6-6 1..
5-6
19, 116
24,980
6,865
6-71
«-7
19,266
24,454
5,188
7-81...
7-8--..
18, 713
23,421
4,708
8-9'....
8-9
17, 336
21, 658
4,322
9-101...
«-10
13, 968
14, 682
13, 384
14, 672
17, 295
20, 325
77, 084
63, 375
73, 444
102, 286
71.314
51,900
58, 527
37, 982
58, 383
17, 459
17, 693
14, 256
14, 888
16, 848
19, 148
61, 034
37, 613
36, 328
36, 977
18, 111
13, 190
9,531
6,240
7,824
3,491
3,756
2,888
3,072
3,109
4, 095
12, 158
9,401
4,601
9,057
3,281
2,309
743
992
1,025
10-11
$844
2,016
2,856
3,556
5,272
28,208
36, 163
42, 717
75, 112
59, 632
41, 525
67, 154
28,078
61,584
11-12
12-13
13-14 -.
14-15 -.
15-20
20-25 .
25-30
30-40
$19
688
$765
40-50 .
3,836
60-60
506
€0-70
1,616
5,656
8,931
70-80
80-90
90-100
100-150
4
3
466, 451
513, 116
54, 734
82, 766
3,736
9,262
43, 348
54, 056
14, 618
19, 930
954
481
6,014
150-200
200-250
250-300
1
2
2
1
(»)
700, 775
(»)
(2)
105, 689
(2)
131
(2)
m
65, 870
(2)
(2)
(')
39, 626
37
(2)
300-400
400-500
600-750
(»)
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
6,000 and over
Classes grouped '...
1, 790, 645
365, 033
33, 215
324, 662
73
772
2,135
Total..
28, 117
107,261,482
1,413,609
535,811
921, 642
82, 125
103, 782
22, 187
Summary for pre-
ceding years: '
1930
32, 682
34, 664
35, 039
33,812
35, 495
34, 689
66, 981
69, 081
63, 655
60, 949
140, 422, 521
177, 388, 337
190, 287, 682
173, 162, 605
175, 714, 293
168, 198, 127
224, 184, 198
226, 033, 948
190, 723, 937
170, 969, 895
1, 955, 201
3, 747, 682
5,624,112
4, 036, 641
3,661,457
3, 126, 603
3,419,535
4, 283, 805
4, 902, 612
3, 984, 051
1929
1928
1927
1926
1925
1924
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
117
Table 9. — Individual returns for 1931 hy States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
TEXAS
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12K per-
cent on
capital
net
loss
Under 1 > (est.)
Under 1 (est.).
1-2 ' (est )
6,750
45
15,171
7,614
10, 863
7, 156
11,341
5,638
2,787
7,237
478
4,514
197
2,607
140
1,590
105
1,015
84
698
535
344
298
251
208
587
298
157
182
101
49
28
22
7
20
22
9
$3, 907, 462
13, 778
23, 014, 826
13, 224, 885
26, 908, 707
17, 273, 898
39, 384, 835
20, 166, 901
12, 048, 182
32, 448, 773
2, 580, 022
24, 651, 348
1, 269, 660
16, 793, 055
1, 045, 644
11,836,929
886, 389
8, 604, 900
797, 335
6,611,770
5, 610, 294
3, 942, 082
3, 729, 654
3, 383, 094
3, 005, 621
10, 103, 810
6, 559, 271
4, 328, 573
6,114,255
4, 480, 798
2, 677, 842
1, 799, 921
1, 658, 351
597, 387
1, 901, 860
2, 716, 078
1, 612, 236
$139
$185
$46
1 2 (est )
18, 902
25, 203
6,301
2 3 ' (est )
2 S fpst )
59, 249
78, 999
19, 750
3-4 1 (est )
3-4 (est )
63, 243
84, 324
21,081
4-5 ' (est )
A "i fpst 1
94, 516
126, 021
31, 505
6-6 •
5-6
108, 766
141, 309
32, 543
6-7 '
6-7
98, 541
123, 602
25, 061
7-8 '
7-8
89, 179
109, 576
20, 397
8-9 '
8-9
77, 727
93, 122
15, 395
9-10 ■
9-10
69, 636
60, 510
52, 713
58, 608
57, 120
52, 601
233, 546
216, 600
198, 355
328, 217
331, 324
212, 016
183, 461
183, 812
71, 708
242, 578
317, 629
260, 689
82, 346
67, 946
55, 151
58, 223
55, 518
51, 792
186, 208
139, 548
100, 003
135, 635
114, 846
57, 574
46, 352
28,605
10, 057
41,231
12, 484
38, 062
12, 710
9,970
7,335
6,877
7,185
9,413
22,332
18, 503
5,534
9,285
5,783
3,496
3,174
640
474
3,329
1,368
1,706
10-11
$2, 534
4,897
7,262
8,787
10, 222
69, 670
95, 555
103, 886
207, 684
218, 720
134, 433
118,811
99, 721
62, 125
189, 598
204, 725
177, 047
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40 -
$828
9,152
27, 933
21, 694
56, 540
$6,645
40-50
5,611
60-60
4,428
60-70
222
70-80 --
414
80-90
90-100 -
17, 640
121,116
47, 286
2,562
100-150
19,328
150-200
200-250
250-300
4
2
1,138,201
765, 008
204, 987
95,564
13, 908
187, 473
4,254
95, 626
648
62
300-400
400-500
600-750
1
1
2
(2)
(2)
0)
(2)
(2)
(2)
(^)
(0
750-1,000
(2)
(2)
1,000-1,500
Q)
(.')
1 500-2 000
2 000-3 000
3,000-4,000
4 000-5 000
5 000 and over
Classes grouped ^ ..
4,079,832
592, 423
30, 107
189,969
372, 857
29
481
Total
89, 158
333, 673, 467
4, 634, 359
2, 107, 937
2, 093, 119
774,926
301,932
39, 691
Summary for pre-
ceding years: ^
105,058
113, 555
112, 273
114, 534
111,438
109,448
192, 735
200,683
186, 865
200, 188
448, 849, 717
692, 518, 704
580,239,493
560, 322, 568
547, 562, 501
496, 820, 449
638, 109, 285
613,494,900
545,901,576
536, 897, 427
8, 633, 146
12, 866, 950
14, 401, 968
12, 909, 842
12,681,519
9, 766, 688
10,235,806
10,678,022
14,119,655
12, 667, 894
1929
1928
1927
1926
1925
1924
1923
1922
1921
For footnotes, see p. 124.
118
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
UTAH
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12M per-
cent on
capital
net
loss
Under 1 ' (est.)
1,124
19
2,047
758
1,467
441
1,481
291
411
451
91
306
45
196
29
141
16
86
19
53
66
34
36
29
25
70
19
12
13
3
2
1
1
$769, 186
9,270
3, 095, 010
1, 299, 754
3, 635, 576
1, 038, 159
5,113,692
1, 052, 946
1, 807, 046
2, 016, 006
490, 755
1, 660, 048
287, 240
1, 269, 939
216, 124
1, 053, 182
136, 727
728, 910
180, 199
503, 015
688, 702
389, 460
448, 332
390, 961
360, 319
1,204,153
418, 686
333, 567
454, 444
140. 664
112,729
(2)
Under 1 (est.)
$88
$117
$29
1-2 1 (est.)
1-2 (est.)
1,854
2,472
618
2-3 ' (est.)...
2-3 (est.)
3,797
5,063
1,266
3-4 1 (est.)
3-4 (est.).-..
2,155
2,873
718
4-5 1 (est.)...
4-5 (est.)
3,847
5,130
1,283
5-61..
5-6.
4,636
6,054
1,418
6-71
6-7
4,801
6,084
1,283
7-81 __
7-8
4,743
6,978
1,236
8-9 1...
8-9
3,946
4,986
1,040
9-10i._-_
9-10..
2.957
4,497
2,924
3,326
3,764
3,839
5,500
3,286
3,306
S 7ia
882
1,289
856
825
961
683
3,770
1.316
1,233
1,088
121
2
10-11...
$286
495
845
1,012
1,202
8,410
6,213
8,663
14, 462
7,788
7,717
(2)
11-12
12-13.
13-14
14-15
4, 510 s' QqT
15-20
17,443
10, 431
10, 940
16, 953
8,251
7,715
8
12, 803
5,534
3.620
3,579
584
20-25
25-30..
30-40
40-50
50-60
60-70
(2)
70-80
(»)
Q)
(.')
80-90.
90-100
100-160
150-200.
200-250
2
m
(')
(2)
m
m
(2)
250-300
300-400
400-500
500-760
750-1,000 - .
1,000-1,500 .
1,600-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2...
568, 856
72, 617
1,237
76, 297
$3,023
618
$7, 422
Total
9,785
31, 863, 667
196, 096
89, 748
133, 280
3,023
22, 534
7,422
Summary for pre-
ceding years: '
1930
11,777
13, 163
13, 262
13, 029
13, 568
16, 101
28, 686
30, 242
27, 325
26, 128
45, 369, 199
59, 451, 690
58, 809, 296
53, 628, 897
53, 832, 169
61, 634, 951
82, 088, 477
79, 943, 306
67. 744. 653
62. 713, 461
447, 963
881, 606
1, 095, 839
851,031
628, 773
660, 497
599, 194
725, 908
966, 929
842, 904
1929
1928
1927
1926
1925 .
1924
1923
1922
1921
i 1
For footnotes, see p. 124.
STATISTICS OF INCOME
119
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
VERMONT
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
UVz per-
cent on
capital
net
loss
Under 1 1 (est.)
Under 1 (est.)
1-2 ' (est.)
196
17
1,296
893
1,191
645
1,132
303
429
420
68
321
46
175
23
119
22
94
17
73
66
33
32
35
24
58
27
15
15
4
2
4
2
3
$112,262
10, 275
2, 154, 257
1, 537, 753
2, 887, 039
1, 522, 361
4, 036, 215
1,081,191
1, 887, 495
1,881,015
366, 687
1, 751, 622
295, 768
1, 127, 934
171,435
888, 658
186, 705
797, 642
159, 920
694, 810
690,444
379, 656
398, 026
472, 233
347, 929
1, 003, 303
601,311
413, 132
508, 968
187,861
103,943
262,868
(»)
247,307
$80
$107
$27
1-2 (est )
2,337
3,116
779
2-3 • (est )
2-3 (est )
5,565
7,420
1,855
3-4 ' (est )
3-4 (est.)
3,045
4,060
1,015
4-5 1 (est )
4-5 (est )
3,958
5,277
1,319
5-6'
5-6
6,341
8,142
1,801
6-71
6-7
4,728
5.876
1,147
7-8 I
7-8
4,684
5,821
1,137
8-9'
8-9
4,756
6,816
1,060
9-10 1
9-10
4,571
4,286
2,699
3,577
4,792
3,604
14, 201
13, 995
13,612
23,615
13, 211
7,662
21, 364
(»)
6,444
5,885
4,902
2,562
3,248
4,598
3,189
9,490
6,768
5,361
8,617
4,660
1,816
196
269
1,314
922
362
623
998
779
2,297
1,969
2,140
1,995
571
21
6
10-11
$306
499
952
1,192
1,194
7,008
9,196
10, 391
18, 383
10, 396
6,492
20, 656
m
22, 624
11-12
12-13
13-14
14-15
16-20
20-25
25-30
30-40
$1, 390
40-50 --
1,174
50-60 — -
625
60-70
$519
70-80
80-90
862
17, 311
90-100
100-150
1
1
1
(2)
(2)
(»)
(2)
(2)
(2)
(2)
(»)
«
i?
150-200
(•)
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1 500-2 000
2 000-3,000
3,000-4,000
4,000-5,000 . . —
5,000 and over. ...
685,485
91,626
1,861
95, 690
189
303
5,711
Total
7,803
29,853,410
264, 753
108, 955
204, 879
1,570
24,440
26,211
Summary for pre-
ceding years: ^
1930
8,635
9,586
9,394
8,268
8,646
9,559
20, 618
21, 752
17,901
17, 746
39, 259, 341
49, 916, 326
48, 086, 175
41, 842, 221
42, 209, 083
45, 857, 160
63, 630, 620
64, 800, 009
51, 653, 367
47, 561, 557
626, 874
1,019,863
1, 055, 740
846, 932
821, 296
919,959
978, 252
1, 332, 822
1, 573, 555
1, 155, 767
1928
1927
1926
1925
1924
1923
1922
1921
For footnotes, see p. 124.
120
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
VIRGINIA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12M per-
cent on
capital
net
loss
Under 1 1 (est.)
1,932
44
6,147
3,647
4,466
2,881
4,780
1,409
1,751
2,174
328
1,305
148
859
104
611
67
364
62
272
266
166
151
m
84
286
148
69
75
24
23
8
9
6
6
9
5
2
$1, 184, 205
25, 664
9, 332, 747
6, 332, 156
11,037,871
6, 897, 251
16, 628, 573
6, 059, 809
7, 650, 368
9, 732, 315
1, 776, 877
7, 120, 563
950, 588
5, 547, 377
774, 347
3, 812, 004
566, 855
3, 000, 396
589, 206
2, 675, 243
2, 781, 698
1, 906, 522
1, 881, 786
1, 499, 331
1, 213, 691
4, 929, 908
3, 293, 174
1, 857, 810
2, 548, 086
1, 064, 207
1, 246, 441
517, 871
667, 075
502, 626
681,711
1, 092, 928
883, 994
401,863
Under 1 (est.)
$223
$297
$74
1-21 (est.)— -
1-2 (est.)
9,931
13, 241
3,310
2-3" (est.)
2-3 (est.)
26, 624
34, 166
8,541
3-4 1 (est.)
3-4 (est.)..
13, 335
17, 780
4,445
4-51 (est.)
4-5 (est.)
21, 418
28,658
7,140
5-61
6-6
22, 744
29, 711
6,967
6-71
6-7
22, 718
29, 038
6,320
7-81
7-8
18, 934
23, 836
4,901
8-9 1
8-9..
16, 425
20, 648
4,123
9-101
9-10.
17, 903
19, 286
17, 388
16, 734
14, 763
14, 128
80, 658
88, 015
66, 622
120, 967
62, 661
92, 576
50, 319
59, 788
53,106
73, 662
133, 282
126, 365
64, 147
22, 271
22,804
18, 766
16, 110
13, 861
13, 203
68, 158
62, 770
28, 045
36, 102
19, 945
21, 240
14,049
6,727
4,328
9,840
10, 096
7,993
1,196
4,368
4,758
3,832
3,000
2,916
3,024
12, 294
14, 640
6,631
7,035
3,153
2,798
1,319
1,203
2,556
1,023
959
1,024
739
10-11
$1, 240
2,455
3,624
3,818
3,949
34, 794
49, 785
44,208
89, 923
63, 183
81, 265
41, 356
54, 848
51, 383
66, 484
108, 502
135, 098
63, 690
11-12
12-13.
13-14.
14-15..
15-20
20-25
25-30..
30-40
$3, 484
2,789
287
$1, 607
40-50.
10, 103
50-60-.
7,418
60-70
3,767
70-80
6,201
6,785
80-90
ea
90-100
1,639
100-160..
32, 136
16, 493
150-200
16, 702
20O-2S0..
250-300.
300-400
400-500
600-750
750-1,000
1,090-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000....
Total
34, 689
129, 365, 027
1, 323, 722
574, 676
889, 605
43. 897
121, 992
62, 464
Summary for pre-
ceding years: ^
1930
37, 915
38, 631
37, 619
37, 393
37, 797
37, 507
71, 597
77, 451
71, 523
76, 267
156, 272, 484
179. 293, 926
181,750,013
172, 239, 863
176, 024, 673
170, 257, 017
231, 055, 614
242, 586, 945
207, 277. 342
208,331,701
2, 050, 664
3, 201, 104
4, 408, 983
3,611,135
3, 495, 042
2,981,412
3, 313, 890
3, 669, 294
4, 919, 485
4, 161, 116
1929
1928
1927
1926
1925
1924
1923...
1922 ...
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
121
Table 9. — Individual returns for 1931 by States and Territories and by net-income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total nuviber, net income, and tax for prior years — Continued
WASHINGTON*
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
123-^ per-
cent on
capital
net
loss
Under 1 1 (est.)
Under 1 (est.)
1-2 ' (est )
3,738
15
7,362
6,052
5,607
4,515
8,372
2,898
2,880
3,725
259
2,203
98
1,290
68
766
61
445
32
299
195
139
133
86
77
248
73
49
39
23
6
14
3
3
$2, 158, 310
9,229
11,400,011
10, 456, 593
13, 619, 360
10, 732, 719
29, 899, 791
10, 365, 939
12, 397, 361
16, 634, 799
1, 404, 683
12, Oil, 593
634, 137
8, 341, 691
508, 639
5, 716, 844
519, 538
3,771,967
302, 383
2, 839, 436
2, 038, 178
1, 594, 635
1, 654, 647
1, 156, 597
1, 116, 092
4, 229, 239
1, 646, 247
1, 334, 373
1,351,237
1, 029, 151
318, 766
906, 987
221, 329
$64
$86
$22
1-2 (est.)
14, 850
19,800
4,950
2-3 1 (est )
2-3 (est )
37, 893
50,624
12, 631
3-4 1 (est )
3-4 (est )
30,618
40,824
10, 206
4-5 ' (est.)
4-5 (est.)
46, 610
62, 147
15, 537
5-6'
6-6
50, 121
66, 757
15, 636
6-7'
6-7
42, 226
57, 810
15,684
7-8 1
7-8 . .
36, 769
46,050
9,291
8-91
8-9
29, 352
35, 976
6,624
9-10'
9-10
25, 981
18, 685
18, 472
21, 298
17,049
15,744
83, 398
46, 617
49, 815
67,955
60, 035
22, 782
97, 634
18, 968
(2)
32, 541
21, 238
20, 214
21,023
16, 758
13, 774
64, 927
24, 463
19,810
19, 146
8,947
3,084
17, 419
36
(2)
6,660
3,465
3,768
2,860
2,652
1,868
9,547
3,259
2,133
1,733
1,106
669
661
9
(^)
10-11
$912
2,026
3,135
2,943
3,838
28,018
25, 413
32, 138
49, 567
53,890
20,081
48, 278
20, 219
11-12
12-13
13-14
14-15
15-20 . .
20-25
25-30
30-40
$1, 122
$147
40-50
1,696
60-60
286
32, 691
60-70.
3
70-80
1,278
80-90
m
90-100
100-150
4
1
486, 123
(2)
67, 740
(2)
5,506
(2)
63,864
169
(2)
1,461
160-200
200-250
250-300
1
(2)
(2)
(')
300-400
400-500
1
(2)
(2)
(2)
(^)
600-750 ... .
750-1,000
1
m
{')
m
(')
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
2, 049, 928
317,378
3,027
307, 354
33, 161
630
25,634
Total-.
61, 781
174,858,452
1, 238, 044
670,887
661, 676
67, 160
131, 560
30, 119
Summary for pre-
ceding years: »
1930
63,129
65,240
66, 167
62,200
61, 950
78, 030
138, 181
136, 057
123, 216
115, 593
238, 857, 983
302,258,404
273, 648, 593
252,547,211
246, 592, 050
272, 544, 925
393,961,927
351, 985, 059
300, 523, 342
261, 400, 721
2, 750, 143
6, 776, 343
4, 464, 930
2, 913, 642
2, 800, 548
2, 717, 102
3, 231, 233
3, 925, 801
5, 14S, 477
4, 878, 295
1929
1928
1927
1926
1925
1924
1923 .
1922
1921..
For footnotes, see p. 124.
122
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued
WEST VIRGINIA
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
UH per-
cent on
capital
net
loss
Under 11 (est.)
1,183
31
3,884
2,718
2,929
1,516
3,128
754
1,319
1,232
253
728
147
481
99
303
59
224
57
163
146
130
77
91
53
203
89
47
46
6
6
4
6
1
1
4
$686, 127
13, 122
6, 005, 920
4, 711, 276
7, 251, 769
3, 560, 518
10, 903, 891
2, 741, 528
5, 775, 226
5, 506, 819
1,371,149
3, 971, 625
947, 606
3, 107, 358
739, 896
2, 266, 743
496, 748
1,900 635
641, 693
1, 647, 825
1, 529, 599
1, 493, 402
961, 637
1, 226, 740
766, 752
3, 475, 615
1, 988, 212
1, 276, 490
1, 600, 853
266, 842
324, 700
252, 876
456, 745
(2)
«
Under 1 (est.)
1-2 1 (est.)
$82
$110
$28
1-2 (est.)
6,970
9,293
2,323
2-3 1 (est.)
2-3 (est.)
13,410
17, 880
4,470
3-4 1 (est.)
3-4 (est.) .-
6,412
8,660
2,138
4-5 1 (est.)
4-5 (est.)
10, 976
14, 635
3,659
5-6 1 ..__
5-6
11, 636
15, 262
3,626
6-7'
6-7.
12,247
15, 626
3,279
7-8'
7-8.
10, 162
12, 793
2,631
8-9'
8-9
9,947
12, 373
2,426
9-10 1
9-10...
9,908
7,833
11, 064
8,622
11, 687
8,198
48, 170
45, 786
39, 937
80, 265
18, 365
20, 944
19, 376
38,354
(»)
12, 382
9,183
11, 626
8,833
10, 930
7,190
33, 838
21, 943
13, 073
24, 418
5,653
626
1,826
6,146
2,474
2,040
2,520
2,116
2,790
1,547
9,404
6,187
4,334
2,683
1,124
965
498
1,305
(2)
(»)
(»)
10-11...
$690
1,959
1,905
3,447
2,655
23, 736
30, 030
31, 198
57, 548
13, 836
20, 380
16, 314
42, 795
(.')
(^)
11-12
12-13
13-14-
14-15...
15-20
20-25
25-30.
30-40
$1,916
$934
40-50
50-60
903
2,878
60-70
1,144
70-80.
8,282
80-90
(')
90-100.
(»)
100-150-
(»)
(.')
150-200
200-250
250-300
300-400
400-600
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
Classes grouped '...
667, 107
66, 349
7,370
69, 273
12,928
747
23,475
Total
22, 118
80,333,944
616, 600
280,468
316, 666
18, 625
65,314
33,836
Summary for pre-
ceding years: ^
1930
27, 130
29,803
30, 643
32, 500
32, 644
35,810
75, 037
89, 263
69, 501
75,277
110,726,146
136, 768, 017
140, 128, 751
139, 696, 175
141,396,917
144, 777, 469
226, 999, 720
260, 343, 202
196, 777, 359
207, 157, 054
1,238,711
2,298,876
2, 920, 822
2, 619, 731
2, 304, 313
2,133,510
2,796,310
3, 875, 864
4, 594, 653
4,579,113
1929
1928.
1927
J926
1926
1924.
1923
1922
1921
For footnotes, see p. 124.
STATISTICS OF INCOME
123
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for 'prior years — Continued
WISCONSIN
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
121^ per-
cent on
capital
net
loss
Under 11 (est.)
12, 998
223
20, 408
8,068
12, 148
5,330
8,074
2,585
2,139
3,421
400
2,310
170
1,511
124
1,004
86
703
65
508
401
314
241
179
161
477
238
110
117
59
34
17
12
11
5
15
6
5
1
1
$7, 659, 183
116. 158
30, 112, 101
13,866,499
29, 958, 470
12, 691, 910
27, 690, 174
9, 238, 092
9. 282. 602
15. 369. 669
2, 167, 550
12,642,112
1, 103, 281
9, 756, 007
922, 108
7, 492, 418
733, 633
5, 952, 092
618, 146
4, 818, 675
4, 209, 111
3, 609, 177
3, 007, 474
2, 409, 227
2, 336, 237
8, 165, 474
5, 274, 285
2, 999, 754
4, 040, 557
2, 637, 526
1, 841, 853
1, 110, 240
910, 326
926, 995
475, 286
1, 743, 910
1, 002, 768
1, 164, 017
(2)
(2)
Under 1 (est.)
$984
$1, 312
$328
1-2 1 (est.)
1-2 (est.)
20,638
27, 517
6,879
2-3 1 (est.)— --
2-3 (est.)
49, 260
65, 68C
16, 420
3^ 1 (est.)-
3^ (est.) -
27, 637
36, 849
9,212
4-5 1 (est.)
4-5 (est.)
35,294
47, 059
11,765
5-6 1
5-6
41,429
54, 153
12,724
6-7 1
6-7
42, 809
54,384
11,575
7-8 1
7-8 - --
40, 602
50, 438
9,836
8-9 1
8-9
36, 113
44,720
8,607
9-101
9-10
34, 452
33, 109
31, 866
31,813
26, 219
29, 270
139, 860
138. 605
111,838
188, 306
141, 522
109, 993
85, 481
71,546
101, 235
39, 068
198,948
150, 388
190, 878
(2)
(})
43, 061
38, 541
33, 801
32, 618
25, 238
28,139
109, 226
80, 602
51,700
73, 006
39, 413
22, 995
15, 506
8,851
13, 492
499
17, 838
7,010
16, 707
8,609
7,379
6,634
6,788
5,108
6,953
25, 092
21,504
13, 731
19,264
7,132
5,873
3,204
1,381
2,421
448
2,235
630
624
(2)
Q)
10-11
$1, 947
4,699
5,983
6,089
8,084
55, 726
79, 507
73, 869
148, 595
134, 345
115, 855
83, 971
77, 490
70, 883
53, 604
205, 542
126, 663
173, 310
(2)
(»)
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
$1, 042
1,228
1,893
6,166
7,263
29, 002
$15, 073
26, 332
24,877
16,958
20, 677
9 721
40-50
50-60
60-70 -
70-80
80-90
90-100 --
14, 587
34,032
1,318
9 636
100-150 --
11, 835
18, 663
11, 121
150-200
200-250
250-300
(2)
(»)
300-400
400-500
500-750 -.
2
(2)
(2)
(2)
(2)
{')
Q)
(?)
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000- ---
5,000 and over
1,932,911
289, 311
3,256
242_ i.W
69, 415
1,005
24,513
, -._,
84, 681
251, 988, 008
2, 438, 474
1, 043, 611
1, 668, 320
157, 628
233,361
197, 724
ceding years: ^
95, 366
103,044
98, 485
100, 956
99, 251
110, 485
179, 275
194, 050
160, 519
148, 457
357, 657, 240
450, 934, 107
453, 394, 323
436, 579, 613
407, 642, 742
418, 618, 008
496, 659, 728
547, 039, 928
401, 670, 058
379, 754, 222
5, 892, 638
10, 287, 020
12,459,318
10, 621, 745
8,418,047
6, 799, 312
7, 344, 053
9, 019, 076
9, 126, 855
8, 971, 044
1929
1927
1925
1923
1922
1921
For footnotes, see p. 124.
177160—34 9
124
STATISTICS OF INCOME
Table 9. — Individual returns for 1931 by States and Territories and by net income
classes showing number of returns, net income, tax, tax before tax credits, and tax
credits; also total number, net income, and tax for prior years — Continued.
WYOMING
Num-
ber of
returns
Net income
Tax
Tax before tax credits
Tax credits
Net income classes
(Thousands of
dollars)
Normal
tax
Surtax
1214 per-
cent on
capital
net
gain
25 per-
cent of
tax on
earned
net
income
12H per-
cent on
capital
net loss
Underli (est.)
Under 1 (est.)
1-2 ' (est.) --
406
20
967
811
793
590
809
227
278
332
39
188
13
123
15
83
46
1
37
21
18
10
10
9
16
11
7
3
1
$224, 706
9, 556
1, 522, 601
1, 400, 698
1, 939, 359
1,371,113
2, 837, 101
822, 613
1, 213, 384
1, 488, 266
214, 551
1,034,128
83, 623
792, 100
113,959
616, 098
59, 737
390, 725
(^)
351, 764
219, 509
206, 673
123, 854
134, 568
131, 268
277, 036
239, 543
195, 227
(2)
(2)
$92
$122
$30
1-2 (est )
2,177
2,903
726
2-3 ' (est.)
2-3 (est )
6,197
6,929
1,732
3-4 I (est.)
3-4 (est.) --
1,892
2,523
631
4-5' (est.). -
i-5 (est.) -
3,063
4,084
1,021
5-6 1 .
5-6 ..
3,262
4,159
897
6-71
6-7
3,844
4,697
853
7-8 ' . . .—
7-8 . .. - -
2,978
3,671
693
8-9 1
1
8-9
2,610
3,062
452
9-10 1
8-10
2,786
1,733
2,244
1,451
1,625
1,781
6,088
6,303
7,810
(2)
(2)
3,180
1,908
2,127
1,412
1,464
1,621
3,947
3,150
3,482
(2)
(2)
394
10-11
$91
433
238
347
465
1,953
3,449
5,034
m
266
316
199
186
305
812
296
706
11-12
12-13
13-14
14-15
15-20
20-25
25 30
30-40
(2)
40-50
60-60
60-70
70-80
60-90
90-100
100-150 -
150-200
200-250
250-300
300-400
400 500
500 750
750-1,000 -
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000 —
4 000-5,000 --
167, 793
9,41C
3,987
7,034
90f
$705
Total
5,891
18, 176, 55C
65, 34e
58, 42S
19, 04-:
11,42]
705
Siiniiiiary for pre-
ceding years: 3
1930
6,80c
8, 14C
8,622
8,87(
8,93(
10, 33(
22, 94'
23, 24f
21,94:
22, 4K
22, 979, 51'
30, 813, on
33, 233, 24<
) 31, 297, 69J
31,750,58
) 33,481,51?
' 60, 751, 85;
) 57, 376, 05^
i 48, 826, 74.
i 51,051,62
' 141, 44(
S 188, 96^^
) 372, 12f
! 274, 64^
263, 3U
i 256, 48
J 414, 08'
1 520, 76'
5 687, 06
) 783, 25
1929
1928
1927
1926
1925
1924
1923
1922
>
1921
7
' Nontaxable returns. Specific exemptions from normal tax exceed net income.
' Classes grouped to conceal identity of taxpayer.
« Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
Individuals are summarized on pp. 198-203.
* Includes Alaska.
STATISTICS OF INCOME
125
Table 10. — Individual returns for 1931 on Form IO4O ivith no net income, by States
and Territories, showing number of returns and deficit
States and
Territories
Num-
ber of
returns
Deficit
(in thou-
sands)
States and
Territories
Num-
ber of
returns
Deficit
(in thou-
sands)
States and
Territories
Num-
ber of
returns
Deficit
(in thou-
sands)
1,388
663
1,195
18,611
1,877
3,477
437
820
2,345
1,704
300
409
13, 659
2,750
1,645
2,935
1,642
1,912
$7,008
4,403
6,219
154, 445
12,404
41,612
6,424
10, 849
19, 783
12, 319
1,919
1,866
159, 456
17, 146
9,763
11,535
14, 386
12,011
Maine
808
2,343
8,514
7,156
2,172
1,739
3,615
285
1,822
186
582
6,164
600
35, 579
1,751
772
7,920
3,103
$5, 625
30, 078
93, 054
62, 503
14, 314
8,930
34, 222
2,037
8,693
1.255
4,558
67, 989
2,660
646, 561
10, 279
1,793
73, 600
20. 603
Oregon
Pennsylvania.-
Rhode Island..
South Carolina
South Dakota.
Tennessee
Texas ..
984
14, 945
895
829
776
1,560
8,934
601
255
1,553
3,382
1,193
5,311
485
$6, 499
Arizona
Arkansas
California
Colorado
Connecticut...
Maryland
Massachusetts.
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico...
New York
North Carolina
North Dakota.
Ohio ...
183, 288
10, 230
3,897
2,001
9,497
60, 452
Utah
3,311
Florida
Georgia.
Hawaii
Idaho
Vermont
Virginia
Washington'..
West Virginia .
Wisconsin
Wyoming
Total..-.
2,090
9,902
17,417
8,539
Illinois
Indiana
25, 630
1,822
Kansas
Kentucky
184, 583
1,936,878
Louisiana
Oklahoma
• Includes Alaska.
Table 11. — Individual returns for 1931 on Form 104-0 with no net income, by deficit
classes, showing sources of income and deductions, and deficit
(Money figures and deficit classes in thousands of dollars)
[For text defining items and describing methods of tabulating and estimating data, see pp. 1-4]
Sources of income
Deficit classes
Wages
and sal-
aries
Business
Partner-
ship 1
Profit
from sale
of real
estate,
stocks,
bonds,
etc. 2
Rents
and roy-
alties
Interest
on Gov-
ernment
obliga-
tions not
wholly
exempt
Divi-
dends on
stock of
domestic
corpora-
tions
Fiduci-
ary!
Under 5
122, 746
48, 058
59, 423
33, 248
20, 652
8,370
7,624
3,335
1,130
1,097
37, 284
11,277
13, 458
5,591
3,261
828
1,204
258
24
1
16, 732
7,229
11,021
6,341
3,489
893
1,344
383
155
167
9,435
3,749
5,377
3,602
2,350
1,078
1,349
1,322
867
443
61, 783
17, 565
17, 996
9,593
6,116
1,573
2,139
617
376
302
1,530
799
1,085
484
454
123
174
180
143
167
102, 206
54, 249
88, 557
72, 933
57, 817
27, 990
32, 630
20, 437
12,628
16, 168
7,714
5-10
3,752
10-25
5,951
25-50
4,694
50-100
2,834
100-150
784
150-300 ...
2,330
300-500
444
500-1,000
664
1,000 and over
371
Total
305, 684
73, 186
47, 754
29,573
117, 059
5,138
486, 616
29, 438
\
Sources of income
Deductions
Deficit classes
Interest
and other
income
Total in-
come
Net loss
from sale
of real
estate,
stocks,
etc.2
Net loss
from bus-
iness and
partner-
ship
Contri-
butions
All other
Total
Deficit
Under 6 .
65, 638
27, 173
38, 525
24,944
18,480
7,394
10, 267
6,619
3,581
3,681
425, 068
173, 852
241,391
161, 430
114, 454
49, 035
59,060
33, 595
19, 469
22, 397
293, 269
158, 258
319, 964
277, 090
249, 021
121, 505
173, 558
88, 797
63, 539
73, 734
146, 167
83, 466
102, 412
65, 351
55, 354
28, 019
36,282
25, 604
20, 124
27,344
14, 231
2,549
3,282
2,227
1,509
591
762
288
141
49
171, 475
104, 033
137, 245
103, 367
85, 277
35, 379
53, 999
.33, 213
28, 393
49, 770
625, 133
348, 306
562, 904
448, 035
391, 160
185, 493
264, 601
147, 902
112, 198
150, 897
200, 065
6-10
174 454
10-25
321, 513
25-50
286, 605
50-100 . ...
276, 707
100-150 .--
136, 458
150-300
205, 541
300-500
114 307
500-1,000
92,729
1,000 and over
128, 500
Total
206, 302
1, 299, 750
1, 818, 724
690, 123
26,629
802, 152
3, 236, 628
1,936,878
1 For explanation of item, see p. 9.
2 Includes amounts from sale of capital assets held more than 2 years.
BASIC TABLES
CORPORATION RETURNS
127
128
STATISTICS OF INCOME
Table 12. — Corporation returns for 1931 by States and Territories, showing for
deductions, net income or deficit, net loss for prior year, income
[Money figures in
[For text defining certain items and
States and Territories
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii..
Idaho
Illinois
Indiana
Iowa .'.
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota...
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New .) ersey
New Mexico
New Yoik..
Noith Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington _..
West Virginia..
Wisconsin
AVyoming.
Grand total...
Total
number
of re-
turns
4,299
181
1,893
2,471
23, 738
7,205
8,074
1,966
2,343
11,028
5,567
669
2,509
32, 260
11, 989
9,350
5,290
5,470
6,597
3,884
5,841
19, 678
15, 287
11,403
2,585
16, 767
3,201
4,860
997
1,345
22, 967
1,172
110,851
6,219
3,548
25, 462
6,558
6,880
26, 448
3,127
3,610
3,132
5,312
15, 225
3,135
1,169
7,071
13, 091
4,953
16, 311
1,416
516, 404
Returns showing net income
Number
1,380
71
506
899
7,465
2,359
3,155
674
1,067
3,064
1,980
295
685
10, 489
4,395
3,527
2,111
2,158
2,415
1,535
2,255
6,727
4,562
4,364
782
6, 723
1,099
2,071
301
587
8,449
375
39, 271
1,819
826
8,318
1,717
1,910
8,452
1,217
980
1,093
1,832
5,216
977
420
2,730
3,916
1,900
5,199
580
175, 898
Gross in-
come '
134, 244
4,368
48, 834
69, 487
2, 441, 374
284, 298
851, 783
679, 062
283, 554
229, 590
316, 569
46, 360
56, 223
5, 651, 020
696, 537
548, 375
460, 740
267,715
419, 649
210, 292
1, 529, 221
2. ,581, 451
2, 776, 880
1, 063, 009
83, 099
1,462,835
78, 928
303, 124
358, 248
73, 756
1, 745, 271
29,711
15,113,394
673, 646
44. 313
2, 910, 398
205, 067
220, 112
3, 227, 380
265, 321
114, 668
55, 099
362, 762
816, 758
100, 564
51, 468
631, 485
357, 660
228, 123
859, 406
27, 804
52, 061, 035
Deduc-
tions 1
128,
4!
46!
65:
2, 251
265:
792:
602,
261
216,
297,
41
53:
5, 387:
646:
522:
428,
248:
396:
196,
1, 452
2, 410,
2, 637,
1,005
79,
1,361
75,
290
351
69,
1, 688,
28,
13, 896,
602,
42,
2, 740,
184
211
2, 978,
247
108,
62,
339,
770
95,
49,
554
340
211
809,
26,
48, 367, 667
Net in-
come
6,049
333
2,522
3,946
190, 149
18, 442
68, 810
76, 198
22, 376
12, 806
18, 624
4,662
2,819
263, 614
50, 362
25, 509
32, 439
18, 965
23, 234
13, 355
76, 622
170, 983
239, 140
67,311
3,485
101, 315
3,286
12, 648
6,840
4,166
167, 129
1,247
1, 210, 637
71, 193
1, 651
170, 378
20,911
8,936
249, 231
18, 184
6,084
2,241
22, 969
45, 981
6,056
1,933
76, 746
17, 608
16, 446
50, 205
1,701
3, 083, 368
Net loss
for prior
year
865
60
260
306
7,835
569
1,258
847
603
1,562
2,122
133
96
10, 121
3,564
1,148
1,222
706
2,127
390
1,643
5,028
7,161
2,456
320
3,109
162
796
104
315
6, 662
133
43, 410
1,062
134
8,109
965
457
9,136
678
604
52
1,749
2,993
235
40
782
1,254
473
1,232
136, 005
I Gross income and deductions correspond to total income and total deductions, as reported on the face of
the return, plus the cost of goods sold.
STATISTICS OF INCOME
129
returns with net income and no net income, number of returns, gross income,
tax and dividends paid; also number of inactive corporations
thousands of dollars]
describing returns included, see pp. 1-4J
Returns
showing
net In-
come—
Con-
tinued
Returns showing no net Income
Re-
turns
show-
ing no
income
data—
mactive
corpo-
Dividends—re-
turns showing
net income
Dividends— re-
turns showing
no net in-
come
rations
Income
tax
Num-
ber
Gross in-
come '
Deduc-
tions 1
Deficit
Num-
ber
Cash
Stock
Cash
Stock
412
2,370
244, 801
274, 646
29, 845
549
5, 055
239
7,307
87
1
18
86
3,488
4,050
562
24
165
74
.-
2
194
807
56, 072
71, 043
14, 970
580
2,324
26'
1,935
3
303
1,415
144,348
160, 244
15, 926
157
3,834
49
1,352
145
4
20, 714
13, 569
2, 390, 597
2, 786, 312
395, 716
2,704
227, 211
3,381
93, 149
1,228
5
1,786
3,355
366, 998
407, 800
40, 802
1,491
27, 687
185
5,696
197
6
6,398
4,425
902, 377
1, 006, 704
104, 327
494
56, 998
318
35, 315
134
7
8,939
1,033
813,073
906, 481
93, 408
259
166, 134
4,922
139,477
505
8
2,419
1,081
253, 735
279, 482
25, 747
195
11, 190
109
5,062
50
9
909
5,073
263, 357
340, 927
77, 571
2,891
8,841
430
4,274
587
10
1,664
3,308
356,912
401,021
44, 109
279
13, 406
1,131
11, 110
545
11
477
346
52, 942
62, 170
9,228
28
4,420
2,134
4,152
20
12
225
1,031
65, 211
77, 927
12,716
793
2,575
21
640
55
13
28, 520
18,920
6, 825, 575
7, 468, 416
642, 842
2,851
366, 385
7,758
252, 707
3,840
14
4,888
6,236
730, 309
826, 116
95, 807
1,358
32, 901
2,657
13, 395
855
15
2,361
4,119
408, 076
455, 503
47, 427
1,704
21, 850
515
6,570
629
16
3,435
2,714
281, 443
334, 088
52, 645
465
45, 820
187
5,572
191
17
1,843
2,765
433, 143
473, 385
40,242
547
17, 616
293
16, 196
145
18
2, 150
3,440
480, 865
540, 840
59, 975
742
19, 693
907
8,626
413
19
1,304
1,806
270, 579
307, 479
36, 900
543
19, 158
1,588
4,153
1,611
20
8,736
2,932
719,472
821, 285
101, 813
654
44, 270
540
25, 128
26
21
18, 985
11, 948
2, 410, 170
2, 747, 373
337, 204
1,003
162, 420
1,864
42, 595
2,693
22
27, 123
9,124
2, 036, 296
2, 336, 141
299, 845
1,601
238, 370
2,449
93,925
3,186
23
5, 991
5, 427
951, 175
1, 056, 777
105, 601
1,612
57, 037
855
41,891
637
24
267
1,461
111,822
126, 927
15, 105
342
2, 826
447
1,243
79
25
10, 872
9,107
1, 573, 324
1, 759, 191
185, 867
1,937
83, 642
2,296
34,441
33, 094
28
251
1,729
68, 003
85, 492
17,489
373
2,859
53
1,058
28
27
1,087
2, 355
204, 894
226, 000
21, 106
434
12, 118
434
2,714
971
28
754
410
19, 490
24, 208
4,777
286
5,380
658
323
34
29
362
687
80, 675
89, 408
8, 733
71
3,248
241
1,661
14
30
16, 813
12,515
1, 794, 189
2, 235, 666
441,477
2,003
125, 682
2,742
96, 610
1,272
31
68
558
29, 180
33, 267
4,088
239
874
6
676
54
32
135, 402
62, 639
16, 194, 996
18, 113, 455
1, 918, 459
8,941
1, 340, 771
22, 706
866, 165
20, 572
33
8,148
3,803
381, 167
421, 274
40, 107
597
50, 568
204
8,707
391
34
94
1,735
53, 623
60, 159
6,536
987
2,264
72
388
20
35
18, 223
15, 457
3, 071, 048
3, 462, 100
391, 052
1,687
144, 643
1,422
86, 956
3,532
36
2,171
4,054
591,717
711,596
119, 879
787
15, 957
254
14, 728
529
37
768
3,467
311,467
355, 446
43, 979
1,503
5,870
289
5, 788
17
38
27,371
15, 183
5, 010, 370
5, 487, 022
476, 652
2,813
303, 349
7,805
234, 449
2,567
39
1,887
1, 655
373, 103
428, 470
55, 367
255
1.5, 103
358
7,730
106
40
539
2,244
196, 589
215,008
18,419
386
3,182
44
2,626
48
41
118
1,361
60, 017
65, 039
5,022
678
1, 236
130
608
23
42
2,274
3,007
389, 176
434, 427
45, 252
473
16,050
441
7,141
1,042
43
4,3U
8,582
1, 098, 435
1,251,413
152, 978
1,427
49, 505
1,110
30, 942
950
44
426
1,516
139, 229
157, 276
18, 046
642
6,746
50
3, 523
101
45
155
693
72, 214
80, 007
7,792
56
1,767
1,338
12
46
8,662
3,661
375, 118
425, 987
50, 870
680
53, 596
'"2,"iii'
12,258
525
47
1,397
6,388
592, 111
675, 434
83, 323
2,787
13, 529
297
13, 496
453
48
1,586
2,508
277, «74
316, 924
38, 950
545
13, 200
487
6,901
714
49
5,100
9,067
904, 477
1,013,964
109, 487
2,045
41, 382
659
15, 882
703
50
91
634
28, 814
33, 688
4,874
202
1,177
18
553
13
51
398, 994
283, 806
55, 461, 204
62, 435, 117
6,970,913
56,700
3, 871, 880
77, 887
2, 279, 203
85, 644
130
STATISTICS OF INCOME
Table 13. — Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
[For text defining certain items and
PART 1. ALL
Industrial groups
Aggregate
Agricul-
ture and
related
industries
Mining
and quar-
rying
Manufac-
turing
Total man-
ufacturing
Receipts, taxable income:
Gross sales '
Gross profit other than tabulated as gross sales
Interest
Rents.
Profit, sale of capital assets..
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 2
Total compiled receipts '
Statutory deductions:
Cost of goods sold-
Compensation of ofiBcers
Interest paid
Taxes paid other than income tax
Bad debts.
Depreciation...
Depletion
Loss, sale of capital assets...
Miscellaneous deductions
Total statutory deductions
Compiled net profit or deficit (9 less 19)
Statutory net income less statutory deficit
Net loss for prior year.
Income tax
Compiled net profit less income tax (20 less 23)
Cash dividends paid
Stock dividends paid
75,494,311
21, 944, 798
4, 122, 118
2, 250, 568
298, 636
1, 435, 578
1, 969, 229
541, 713
329, 950
121, 104
8,031
10, 597
3,977
13, 029
5,278
759
1,981,617
107, 974
24, 353
24, 810
18, 642
37, 152
34, 841
7,921
41, 977, 543
632, 279
318, 835
151, 564
63, 538
497, 873
391, 658
75, 186
108, 056, 952
492, 724
2, 237, 212
44, 108, 477
58, 773, 773
2, 697, 904
4, 491, 885
2, 230, 731
1, 182, 659
4, 002, 608
267, 726
1, 702, 283
33, 484, 086
257, 388
19, 982
26, 960
21, 126
6,029
34, 247
5,294
9,777
190, 660
1, 488, 709
44, 976
86, 019
73,926
14, 227
194, 262
108, 381
30, 688
408, 071
32, 076, 377
935, 348
606, 659
565, 837
315, 137
1, 726, 424
120, 200
266, 541
7, 852, 079
108, 833, 555
571, 462
2, 449, 258
44, 464, 603
« 776, 603
6 3, 287, 546
136, 005
398, 994
« 1, 175, 596
6, 161, 083
163, 630
6 78, 738
« 84, 776
1,380
1,201
« 79, 939
25, 694
1,941
6 212, 046
6 254, 809
6,261
7,211
8 219, 258
173,315
4,980
6 356, 126
6 822, 970
49, 955
166,311
6 521, 437
2, 285, 635
42, 068
For footnotes, supp. 140-141.
STATISTICS OF INCOME
131
compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid
of dollars]
describing returns included see pp. 1-4]
RETURNS
Industrial groups— Continued
Manufacturing— Continued
Food products,
including
beverages
Tobacco
products
TextOes and
their prod-
ucts
Leather and
its manufac-
tures
Rubber
products
Forest
products
Paper, pulp,
and products
9, 168, 624
1, 163. 706
5, 193, 177
1, 088, 824
784, 758
1, 284, 660
1, 216, 824
1
42,950
3,149
25, 733
3,092
6,034
12. 899
4,203
2
31,388
4,250
17, 997
3,770
8,703
12.541
21, 777
3
20,246
845
17, 228
2,635
3,833
8,682
3,088
4
7,722
163
2,245
810
147
6.504
1,217
5
52, 148
4,333
37, 285
9,730
8,173
17,492
15,471
6
31, 580
7,390
7,419
997
4,984
5,062
9,489
7
6,243
878
5,032
619
452
1,359
1,580
8
9, 360, 902
1, 184, 714
5,306,117
1, 110, 476
817, 084
1, 349, 199
1, 273, 649
9
7, 260, 921
865, 260
4, 386, 395
912, 106
578, 892
1, 076, 945
924, 308
10
116, 354
10, 416
162, 343
28, 184
8,783
52, 110
33,463
11
83, 090
6,205
47, 555
7,327
20, 319
35, 171
39, 692
12
68, 079
9,163
47, 238
7,607
7,860
30, 301
19, 455
l.S
36, 417
2,044
44,413
12, 587
9,815
21, 595
5,996
14
206, 901
8,186
147, 833
16, 384
39, 654
58, 694
65, 809
15
1,921
150
21
69
21, 896
1,639
4,105
16
45, 078
560
32, 390
3,433
2,621
6,980
17
1, 380, 885
137, 726
690, 055
155, 859
167, 785
223, 260
184,416
18
9, 199, 647
1,039,559
5, 558, 372
1, 143, 507
835, 798
1, 526, 951
1,278,883
19
161, 255
145, 155
6 252, 255
6 33, 031
« 18, 715
« 177, 752
6 5, 234
20
123,432
136, 887
8 264, 707
9 34, 646
« 24, 150
6 184, 172
6 16, 304
21
11, 632
112
10, 209
1,291
2, 391
1,537
967
22
36, 823
17, 066
7,351
3,340
1,371
1,379
4,239
23
124, 432
128, 090
6 259, 607
« 36, 371
6 20, 086
6 179, 131
6 9, 473
24
299, 214
107, 038
105, 137
28, 524
26,877
35,241
46, 047
25
6,210
28
4,292
614
38
1,678
3,413
26
132
STATISTICS OF INCOME
Table 13. — Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
PART 1. ALL
Industrial groups— Continued
Manufacturing— C ontinued
Printing,
publishing,
and allied
industries
Chemicals
and allied
products
Stone, clay,
and glass
products
Metal and
its
products
Receipts, taxable income:
Gross sales '
Gross profit other than tabulated as gross sales
Interest
Rents.
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations ^
Total compiled receipts s
Statutory deductions:
Cost of goods sold
Compensation of officers ,
Interest paid
Taxes paid other than income tax.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net profit or deficit (9 less 19)
Statutory net income less statutory deficit
Net loss for prior year ,
Income tax
Compiled net profit less income tax (20 less 23)
Cash dividends paid ,
Stock dividends paid
2, 145, 180
68, 179
10, 452
22, 061
2,606
20, 457
16, 528
3,594
2, 289, 058
1, 485, 815
109, 548
32, 305
21, 960
26, 161
68, 647
92
15, 242
471, 174
2, 230, 943
58, 116
37, 993
2,421
12, 895
45, 221
111,664
3,745
6, 612, 865
288, 316
86, 436
28, 502
13, 976
85, 264
209, 013
15, 092
1, 009, 203
4,134
6,199
3,766
1,269
11, 904
4,952
2,072
10, 906, 545
163, 740
101, 542
34, 432
25, 029
208, 725
73, 984
36, 759
7, 339, 464
1, 043, 499
11, 550, 756
4, 503, 866
81, 009
146, 967
148, 389
39, 628
444, 396
83, 800
20, 257
1, 714, 418
715, 631
34, 799
18, 016
14, 862
9,976
75, 385
1,841
5,648
197, 804
8, 367, 475
236, 446
148, 450
175, 780
87, 201
544, 413
8,565
110, 667
2. 166, 748
7, 182, 731
1, 073, 962
11, 845, 743
156, 734
6 67, 371
4,774
29, 409
127, 325
668, 571
6,638
6 30, 463
6 37, 487
1,710
4,614
6 35, 078
59, 125
376
6 294, 987
6 405, 730
10,646
40, 624
8 335,611
724, 740
13, 868
For footnotes, see pp. 140-141.
STATISTICS OF INCOME
133
compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid — Continued
of dollars]
RETURNS-
-Continued
Industrial groups— Continued
Manufactur-
ing—Cont'd
Finance-
Transporta-
Service-
Banking, in-
Nature of
business not
Manufacturing
Construction
tion and
other public
Trade
Professional,
amusements,
surance, real
estate, stock
not elsewhere
utilities
hotels, etc.
and bond
classified
brokers, etc.
1, 403, 177
9,851
1, 700, 874
445, 703
29, 504, 427
366, 314
1
12,157,479
3, 394, 389
< 4, 689, 828
29, 729
2
13, 780
19, 958
298, 870
120, 253
38, 774
3,291,114
1,931
3
6,245
19, 008
167,318
144, 541
131, 869
1, 600, 201
659
4
1,850
4,412
18. 687
40, 481
7,686
140, 857
355
5
26, 892
24,589
128, 559
370, 089
64, 483
298, 575
1,228
6
20, 259
21, 008
614, 884
47, 341
42, 023
809, 250
2,946
7
1,506
4,021
33. 077
12, 108
1,578
406, 965
98
8
1,483,559
2, 239, 573
13, 418, 874
30, 605, 553
3, 680, 803
11,236,791
36, 946
9
998, 763
1, 400, 802
23, 550, 497
10
61, 895
129, 629
96, 365
775, 307
192, 165
500, 724
3,408
11
21, 562
35, 196
1, 626, 404
217, 846
135, 762
1, 755, 373
1,665
12
15,144
14, 224
733, 771
206, 145
81, 340
533, 438
924
13
19, 305
20, 183
47, 767
264, 199
26, 348
487, 296
1.473
14
50, 122
69, 273
1, 123, 179
312, 593
190, 609
350, 807
1,114
15
206
570
22, 896
6,342
615
3,422
7
16
19, 560
24,045
82, 171
140, 095
49. 677
1, 088. 499
10, 791
17
361, 950
550, 970
8, 740, 973
5,638,478
3, 084, 049
5 6,987,358
31, 446
18
1, 548, 506
2, 244, 892
12, 473, 526
31,111,501
3, 760, 565
6 11,706,917
50, 830
19
« 64, 948
6 5,319
945, 348
« 505, 948
« 79, 762
6 470, 126
5 13,884
20
6 86, 713
8 30, 348
297. 386
6 565, 397
6 123, 364
6 1, 686, 341
6 16, 928
21
2,265
8,999
10, 787
19, 180
6,947
32, 425
82
22
6,201
7,625
105, 585
45, 708
11,081
55, 166
105
23
» 71, 149
6 12, 944
839, 763
« 551, 656
6 90. 843
6 525, 292
6 13, 989
24
73, 457
63, 073
1, 796. 516
433, 326
115, 720
1,255,744
2,060
25
1,169
6,298
16, 194
16, 514
10, 485
64,958
91
26
134
STATISTICS OF INCOME
Table 13. — Corporation returns for 19S1 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
PART 2. RETURNS SHOWING
Industrial groups
Agricul-
ture and
related
indus-
tries
Mining
and
quarry-
ing
Manufac-
turing
Total
manufac-
turing
Receipts, taxable income:
Gross sales '
Gross profit other than tabulated as gross sales
Interest -
Rents - -
Profit, sale of capital assets -.
Miscellaneous receipts.- '.
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations '
Total compiled receipts '.
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
Loss, sale of capital assets.-
Miscellaneous deductions
Total statutory deductions
Compiled net profit (9 less 19)
Statutory net income
Net loss for prior year
Income tax
Compiled net profit less income tax (20 less 23)
Cash dividends paid
Stock dividends paid
37, 340, 860
9, 945, 590
2, 051, 525
1, 025, 823
157, 437
677, 212
852, 588
215, 978
104, 727
94, 208
2,817
4,311
1,926
6,318
789
105
649, 977
38, 650
7,050
7,184
8,015
12, 853
8,992
2,322
20, 117, 370
170, 156
133, 387
61, 768
18, 816
263, 188
209, 725
37, 147
62, 267, 013
215, 202
735, 041
21,011,555
27, 660, 964
1, 157, 132
1, 498, 621
913, 168
342, 643
1, 745, 745
77, 593
153, 777
13, 965, 436
68, 502
5,783
2,999
6,682
2,093
15, 078
1,335
253
97, 581
441, 149
15, 089
14, 103
22, 025
3,229
40, 752
34, 949
1,291
79,987
14, 127, 785
414, 008
179, 982
198, 603
108, 080
638, 188
29, 126
43, 810
3, 560, 482
47, 515, 080
200, 305
4, 751, 934
3, 683, 368
136, 005
398, 994
4, 352, 940
3,871,880
77,887
14, 897
14, 002
1,380
1,201
13, 696
19, 830
69
652, 574
19, 300, 065
82, 468
71, 154
6,261
7,211
76, 267
81, 785
4,085
1,711,491
1, 464, 619
49, 955
166, 311
1, 546, 179
1, 499, 263
30, 151
For footnotes, see pp. 140-141.
STATISTICS OF INCOME
135
compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid — Continued
of dollars]
NET INCOME
Industrial groups— Continued
Manufacturing— Continued
Food prod-
ucts, includ-
ing beverages
Tobacco
products
Textiles
and their
products
Leather and
its manufac-
tures
Rubber
products
Forest
products
Paper, pulp,
and products
5, 258, 968
1, 072, 200
2, 095, 952
538, 033
384, 782
321, 333
621, 456
1
22, 494
1,045
10, 168
754
1,266
2,299
908
2
14, 902
2,914
6,493
1,777
6,270
2,098
2,498
3
9,540
593
4,047
485
2,837
1,342
1,011
4
6,437
140
725
154
29
1,880
371
5
33, 066
2,310
13, 073
4,020
4,452
2,818
4,460
6
20, 546
7,121
1,724
165
1,679
1,173
2,222
7
5,047
855
2,704
363
104
343
1,333
8
5, 371, 001
1, 087, 177
2, 134, 886
545, 752
401,419
333. 285
634, 260
9
3, 833, 645
793, 015
1, 662, 758
426, 357
287, 955
241,384
444, 151
10
74, 247
8,250
65, 896
11,537
3,330
12,811
17,511
11
28,928
5,198
9,413
1,435
9,406
3,159
5,934
12
38, 157
7,675
13, 627
2,635
2,966
4,073
7,786
13
19, 207
1,537
12, 876
4,876
2,980
4,455
2,422
14
127, 307
5,744
56,047
6,874
15, 891
9,868
29, 755
15
1,651
38
58
2,232
441
806
16
10, 972
475
2,977
488
284
989
17
884, 383
114, 813
228, 998
60, 929
62, 763
38, 380
83, 878
18
5,018,498
936, 707
2, 052, 629
515, 132
385, 632
316, 803
593, 232
19
352, 503
150, 470
82, 257
30, 619
15, 787
16, 481
41, 027
20
326, 910
142, 494
77, 830
30, 091
14,004
14, 966
37,472
21
11, 632
112
10, 209
1,291
2,391
• 1, 537
967
22
36,823
17, 066
7,351
3,340
1,371
1,379
4,239
23
315, 680
133, 404
74, 906
' 27, 279
14,416
15, 102
36, 789
24
269, 851
98, 705
62, 461
23,033
18, 760
14, 192
32, 759
25
5,104
28
2,739
411
23
262
1,405
26
136
STATISTICS OF INCOME
Table 13. — Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
PART 2. RETURNS SHOWING
Receipts, taxable income:
Gross sales '
Gross profit other than tabulated as gross sales
Interest - - -
Rents. 1
Profit, sale of capital assets - ,
Miscellaneous receipts .-.
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations ^
Total compiled receipts '-
Statutory deductions:
Cost of goods sold
Compensation of officers.-
Interest paid.
Taxes paid other than income tax
Bad debts..
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net profit (9Jess 19)
Statutory net income _
Net loss for prior year
Income tax
Compiled net profit less income tax (20 less 23)
Cash dividends paid
Stock dividends paid
Industrial groups— Continued
Manufacturing —Continued
Printing,
publishing,
and allied
industries
1, 225, 453
25, 345
6,213
8,863
1,804
12, 276
5,331
3,032
8,317
788, 482
57, 622
11,340
14, 677
11,962
35, 157
29
4,242
240, 647
1,164,159
124, 158
115,795
2,421
12, 895
111,264
94, 480
3,318
Chemicals
and allied
products
3, 140, 538
24, 899
42,628
14, 572
2,731
33, 191
112,837
7,837
3, 379, 232
1, 862, 768
47, 647
50, 853
51, 905
16, 322
141, 173
21,930
9,276
805, 191
3, 007, 065
372, 167
251, 493
4,774
29, 409
342, 758
389, 350
6,223
Stone,
clay, and
glass
products
467, 281
1,731
3,221
1,419
604
6,608
2,509
1,235
484, 608
305, 471
12,415
4,062
6,204
4,026
27, 438
641
2,119
77, 804
439, 181
46, 427
41, 683
1,710
4,614
40, 813
36, 982
242
Metal
and its
products
4, 350, 292
73, 605
37. 256
15, 149
2,922
134, 710
38. 257
13, 420
4, 665, 611
3, 074, 031
78, 054
44,290
43, 932
22, 716
163, 474
1,667
10, 148
820, 401
4, 258, 713
406, 898
365, 221
10, 646
40, 624
366, 276
397, 372
9,810
For footnotes, see pp. 140-141.
STATISTICS OF INCOME
137
compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid — Continued
of dollars]
NET INCOME-
-Continued
Industrial groups— Continued
Manufactur-
ing—Contd.
Construction
Transporta-
tion and
other public
utilities
Trade
Service-
professional,
amusements,
hotels, etc.
Finance-
banking,
insurance,
real estate,
stock and
bond brokers,
etc.
Natiure of
business
not given
Manufactur-
ing not else-
where classi-
fied
641,082
5,643
7,117
1,910
1,019
12, 205
16, 161
872
872,033
308, 397
6,201
5,284
2,871
12, 818
5,631
2,334
15, 596, 754
175, 208
54,575
54, 118
32,889
172, 726
23, 132
8,494
1
6, 027, 512
186, 487
96, 986
12, 361
71, 832
405, 773
19,886
1, 591, 225
24, 204
37, 081
4,753
21, 780
19,833
893
< 1, 530, 155
1, 635, 849
758, 820
75, 594
115, 189
178, 244
144, 789
10, 080
955
272
211
507
469
9
2
3
4
5
6
7
8
686, 008
1,215,568
6,820,837
16,117,896
1, 699, 770
4, 438, 641
12, 503
9
407, 767
24,688
5,964
5,966
4,702
19, 460
75
1,399
142, 294
703, 584
60, 179
8,599
5,433
6,631
35, 298
306
6,146
300, 728
12, 319, 945
303, 673
69, 584
87, 035
86, 225
144, 397
1,074
11, 199
2, 603, 103
10
53, 835
^5,443
363, 592
25,190
675, 272
9,127
23, 866
3, 696, 219
98, 458
33, 178
26, 057
9,428
63, 808
241
13,415
1, 316, 534
204, 960
544, 521
203, 534
101, 674
132, 751
1,435
53, 755
5 2, 302, 476
1,147
213
206
92
202
11
12
13
14
15
16
43
8,327
17
18
612,313
1, 126, 904
5, 492, 543
15, 626, 235
1, 561, 119
5 3, 545, 106
10, 229
19
73, 695
56, 661
2, 265
6,201
67, 494
61, 319
584
88,664
80, 699
8,999
7,625
81,040
36, 397
4,672
1, 328, 294
902, 635
10, 787
105, 585
1, 222, 709
1, 343, 503
3,223
491, 661
460, 035
19, 180
45, 708
445, 953
311,389
9,818
138, 651
117, 925
6,947
11,081
127, 570
77, 807
9,852
893 535
570, 502
32, 425
55, 166
838, 369
500, 815
16,017
2,274
1,796
82
105
2,168
1,092
11
20
21
22
23
24
25
26
138
STATISTICS OF INCOME
Table 13. — Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
PAET 3. RETURNS
Industrial groups
Aggregate
Agricul-
ture and
related
indus-
tries
Mining
and
quarrying
Manufac-
turing
Total
manufac-
turing
Receipts, taxable income:
Gross sales '
Gross profit other than tabulated as gross sales
Interest
Rents.--
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations ^
Total compiled receipts '
Statutory deductions:
Cost of goods sold --
Compensation of officers - -.
Interest paid
Taxes paid other than income tax
Bad debts -.
Depreciation--
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net deficit (9 less 19) -
Statutory net deficit (20 plus 7 and 8)
Cash dividends paid
Stock dividends paid
38, 153, 451
11, 999, 209
2, 070, 593
1, 224, 745
141, 199
758, 366
1, 116, 641
325, 735
225, 222
26, 896
5,214
6,286
2,051
6,711
4,489
654
1,331,540
69, 324
17, 303
17, 627
10, 627
24, 300
25, 849
5,599
21, 860, 173
462, 124
185, 448
89, 797
44, 722
234, 685
181, 933
38, 040
55, 789, 939
277, 522
1, 502, 170
23, 096, 922
31,112,808
1, 540, 772
2, 993, 264
1, 317, 563'
840, 016
2, 256, 763
190, 133
1, 548, 507
19, 518, 649
14, 199
23, 961
14, 443
3,936
19, 169
3,959
9,524
93, 079
1, 047, 560
29, 888
71,915
51, 901
10, 998
153, 509
73, 432
29, 397
328, 084
17, 948, 592
521, 340
426, 676
367, 234
207, 057
1, 088, 236
91, 074
222, 731
4, 291, 597
61, 318, 475
371, 157
1, 796, 684
25, 164, 538
5, 528, 536
6, 970, 913
2, 279, 203
85, 644
93, 635
98, 778
5,865
1,882
294, 514
325, 963
91, 530
2, 067, 617
2, 287, 589
786, 372
11, 917
For footnotes, see pp. 140-141.
STATISTICS OF INCOME
139
compiled receipts and statutory deductions; net profit or deficit, statutory net income
deducting tax, and dividends paid — Continued
of dollars]
SHOWING NO NET INCOME
Industrial groups— Continued
Manufacturing— Continued
Food prod-
ucts, includ-
ing beverages
Tobacco
products
Textiles
and their
products
Leather and
its manu-
factures
Rubber
products
Forest
products
Paper,
pulp, and
products
3, 909, 656
20, 456
16, 486
10, 706
1,285
19, 082
11, 034
1,196
91, 507
2,104
1,336
252
24
2,024
270
23
3, 097, 225
15, 565
11,504
13, 181
1,520
24, 212
5,695
2,329
550, 791
2,338
1,993
2,150
656
5,709
832
255
399, 976
4,768
2,433
997
118
3,721
3,305
348
963, 327
10, 600
10, 442
7,341
4,623
14, 674
3,889
1,016
595, 367
3,295
19, 279
2,077
846
11,011
7,267
247
1
2
3
4
5
6
7
8
3, 989, 901
97, 538
3, 171, 231
564, 724
415, 665
1, 015, 914
639, 389
9
3, 427, 276
42, 107
54, 162
29, 922
17, 210
79, 593
270
34, 106
496, 503
72, 244
2,166
1,007
1,488
507
2,442
2, 723, 637
96, 447
38, 142
33,611
31, 537
91, 786
112
29, 414
461, 056
485, 749
16, 647
5,892
4,971
7,711
9,510
21
2,945
94, 929
290, 937
5,452
10,913
4,894
6,835
23, 764
11
2,337
105, 022
835, 560
39, 299
32, 012
26, 229
17, 140
48, 826
19, 663
6,538
184, 880
480, 157
15, 952
33, 758
11,668
3,574
36, 054
833
3,116
100, 538
10
11
12
13
14
15
16
85
22, 913
17
18
4, 181, 149
102, 852
3, 505, 743
628, 375
450, 166
1, 210, 147
685, 651
19
191, 248
203, 478
29, 364
1,105
5,314
5,606
8,333
334, 513
342, 537
42, 676
1,553
63, 650
64, 737
5,491
203
34, 501
38, 154
8,118
15
194, 233
199, 138
21, 049
1,416
46, 262
5i, 776
13, 288
2,007
20
21
22
9-^
177160—34 10
140
STATISTICS OF INCOME
Table 13. — Corporation returns for 1931 by major industrial groups, showing
or deficit, tax, net profit after
[Thousands
PART 3. RETURNS
Industrial groups— Continued
Manufacturing— Continued
Printing,
publishing,
and allied
industries
Chemicals
and allied
products
Stone,
clay, and
glass
products
Metal
and its
products
Receipts, taxable income:
Gross sales '
Gross profit other than tabulated as gross sales
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 2
Total compiled receipts ^ _.
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid...
Taxes paid other than income tax
Bad debts
Depreciation _ --.
Depletion.
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net deficit (9 less 19)
Statutory net deficit (20 plus 7 and 8)
Cash dividends paid
Stock dividends paid—
919, 727
42, 834
4,239
13, 199
802
8,181
11,197
562
3, 472, 327
263, 417
43, 808
13, 930
11,245
52, 073
96, 176
7,255
541, 922
2,403
2,978
2,346
664
5,296
2,443
837
1, 000, 741
3, 960, 232
558, 891
697, 333
51, 925
20, 965
7,283
14, 199
33, 490
63
10, 999
230, 527
2, 641, 098
33, 362
96, 114
9C, 484
23, 306
303, 224
61,871
10, 981
909, 227
410, 160
22, 384
13, 954
9,658
5,950
47, 947
1,200
3,529
120, 000
1,066,784
4, 175, 665
634, 782
66, 043
77, 802
17, 184
426
215, 433
318, 864
279, 221
415
75, 891
79, 171
22, 142
134
6, 556, 253
90, 135
64, 286
19, 283
22, 107
74, 015
35,728
23, 338
6, 885, 144
5, 293, 444
158, 392
104, 159
131, 847
64, 487
380,939
6,898
100, 519
1, 346, 346
7, 587, 030
701, 886
760, 951
327, 367
4,058
• For cost of goods sold, see statutory deductions.
2 Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
3 Include net profit from the sale of capital assets (real estate, stocks, bonds, etc.) but not gross receipts
from these items. Excludes nontaxable income, other than interest on tax-exempt obligations and divi-
dends on stock of domestic corporations as reported in Schedule L of the return.
STATISTICS OF INCOME
141
corn-piled receipts and statutory deductions; net profit or deficit, statutory net incotne
deducting tax, and dividends paid — Continued
of dollars]
SHOWING NO NET INCOME— Continued
Industrial groups— Continued
Manufactur-
ing—Contd.
Construc-
tion
Transporta-
tion and
other public
utilities
Trade
Service-
professional,
amusements,
hotels, etc.
Finance-
banking,
insurance,
real estate,
stock and
bond bro-
kers, etc.
Nature of
business not
given
Manufactur-
ing, not else-
where clas-
sified
762, 095
4,208
6,663
4,335
831
14, 687
4,098
634
828, 842
137, 305
13, 757
13, 724
1,541
11,771
15, 377
1,687
13, 907, 673
191, 106
65, 678
90, 423
7,591
197, 363
24,209
3,614
6,129,966
112, 383
70, 333
6,326
56, 727
209, 111
13, 192
1, 803, 164
14, 570
94, 788
2,933
42, 703
22, 190
685
< 3, 159, 673
1, 655, 264
841, 381
65, 264
183, 386
631,006
262, 175
19, 649
976
387
144
721
2,477
90
2
3
4
5
6
7
8
797, 551
1,024,005
6, 598, 037
14,487,657
1,981,034
6, 798, 149
24,443
9
590,996
37, 207
15, 598
9,179
14, 603
30, 662
132
18, 161
219, 655
697, 218
69, 450
26, 597
8,791
13, 552
33, 975
264
17, 898
250, 243
11, 230, 552
471, 634
148, 262
119,110
177, 973
168, 197
5,267
128,896
3, 035, 375
in
42, 531
980, 962
370, 178
22, 577
447, 907
13, 769
58, 305
5, 044, 754
93, 706
102, 585
55, 283
16, 920
126, 802
374
36, 263
1, 767, 515
295, 764
1, 210, 852
329,904
385, 622
218, 056
1,986
1, 034, 744
3 4, 684, 882
2,261
1,453
718
1,381
913
7
10, 748
23, 120
11
12
13
14
15
16
17
18
936, 193
1,117,988
6, 980, 983
15,485,266
2, 199, 447
5 8,161,811
40, 601
19
138,643
143, 375
12, 137
585
93, 983
111,048
26, 676
1,626
382, 946
605, 249
453, 013
12, 971
997, 609
1, 025, 431
121,937
6,697
218, 413
241, 288
37,914
634
1, 363, 661
2, 256, 843
754, 929
48, 941
16, 158
18, 724
968
80
20
21
22
23
* Includes for a limited number of returns the cost of securities purchased for customers.
» Includes special nonexpense deductions of life insurance companies. (See p. 21.)
142
STATISTICS OF INCOME
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National banks -
state and private banks, savings banks
and trust companies.
Joint-stock land banks
Stock and bond brokers, investment br
investment bankers, and investment f
Eeal estate and realty holding compa
Realty development, holding, or le
realty trust, etc.
_2
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ompanies:
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insurance— Accident, casualty,
le, title, etc.
1
a
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ther finance:
Loan companies— Building and loan as
tions; mortgage, note, or pawn brokers;
ance agents, promoters, stock syndi
foreign exchange, and finance n.e.c.
s
a
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148
STATISTICS OF INCOME
Table 15. — Returns of corporations submitting balance sheets for 1931 by major
1931, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid
[Money figures in
[For text defining certain items and
Industrial groups
Aggregate
Net
income
No net
income
Agriculture and
related industries
Net
income
No net
income
Mining and
quarrying
Net
income
Nonet
income
Number of returns with balance
sheets. 1
Assets: 2
Cash'
Notes and accounts receivable
Inventories
Investments, tax-exempt *
Investments other than tax-
exempt. 5
Capital assets— Lands, buildings,
equipment (less depreciation).
Miscellaneous assets
Total assets
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit
Total liabilities—
Receipts, taxable income:
Gross sales «
Gross profit other than tabulated
as gross sales.
Interest
Rents -.
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corpo-
rations.
Interest on tax-exempt obliga-
tions.-'
Total compiled receipts '
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax_
Bad debts
Depreciation.
Depletion
Loss, sale of capital assets
M iscellaneous deductions
Total statutory deductions
Compiled net profit or deficit (26 less
36).
Statutory net income or statutory net
deficit.
Net loss for prior year
Income tax
Compiled net profit less income tax
(37 less 40).
Cash dividends paid
Stock dividends paid
143, 195
237, 893
1,822
5,745
2,927
6,649
6, 473, 315
19, 242, 511
5, 605, 382
4, 519, 660
33, 447, 786
45, 687, 523
6, 748, 756
406, 936
424, 688
534, 551
147, 532
857, 547
615, 176
785, 667
35, 550
51, 655
31, 202
2,394
47, 156
352, 338
42, 885
20, 986
151, 266
123, 828
12, 809
183, 569
981, 344
98, 853
79, 554
150, 738
82, 202
63, 224
226, 474
1, 285, 018
103, 758
162, 291
452, 415
391, 576
91, 479
1, 084, 103
5, 347, 949
539, 329
121, 724, 933
174, 772, 096
563, 179
1, 572, 655
1, 980, 968
8, 069, 142
8, 070, 191
16, 129, 561
36, 861, 735
7, 379, 974
30, 617, 060
23, 407, 212
740, 799
181, 207
971, 400
020, 046
736, 855
176, 667
569, 170
44, 100
26, 140
63, 014
10,919
165, 254
274, 283
20, 530
317, 968
214, 006
122, 231
72,760
726, 497
312, 321
193, 127
138, 258
161, 502
167, 697
80, 747
913, 376
632, 737
113, 349
710, 700
834, 747
697, 913
482,957
4, 086, 495
1, 937, 889
681, 559
121, 724, 933
174, 772, 096
563, 179
1, 572, 655
1, 980, 968
8, 069, 142
36,571,059
9, 576, 496
2, 016, 326
965, 472
148, 894
662, 349
833, 884
212, 762
37, 212, 362
11, 629, 018
2, 008, 013
1, 144, 820
134, 621
730, 813
1, 070, 627
320, 527
97, 397
93,016
2,713
3,827
1,798
6,140
778
105
212, 812
23, 686
5,101
5,840
1,979
6,297
4,430
650
638, 386
36, 034
6,752
7,005
7,541
12, 224
8,917
2,319
1, 306, 905
66, 035
16, 971
17, 251
9,988
23, 530
25, 715
5,596
50, 987, 243
54, 250, 803
205, 774
260, 795
719, 177
1, 471, 992
27, 059,
1, 107,
1, 468,
893,
336,
1,721,
74,
149,
13, 534,
30, 315, 408
1, 466, 226
2, 900, 868
1, 279, 142
815,816
2,211,497
185, 677
1, 388, 973
18, 816, 502
63, 328
5,332
2,710
6,364
2,064
14, 822
1,335
246
95, 642
177, 341
13, 207
22, 534
13, 275
3,705
18, 323
3,699
7,547
85, 474
435, 585
14, 503
13, 839
21, 726
3,200
40, 170
32, 368
1,249
76, 708
, 030, 514
28, 542
68,986
50, 049
10, 808
150, 364
70, 414
27, 973
316, 132
46, 345, 039
59, 380, 110
191,843
345, 105
639, 349
1, 753, 781
4, 642,
3, 595,
129,
392,
4, 249,
3, 843,
77,
10 5, 129, 307
i" 6, 520, 462
2, 248, 980
84, 757
13, 931
13,047
1,238
1,159
12, 772
19, 762
59
i»84,310
10 89, 390
5,712
l,i
79, 827
68, 592
5,863
7,063
72, 764
81, 230
4,077
i« 281, 790
10 313, 101
89,120
885
For footnotes, see pp. 162-153.
STATISTICS OF INCOME
149
industrial groups, showing number of returns, assets and liabilities as of Dec. 31,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
describing returns included, see pp. 1-4]
Industrial groups-
-Continued
"
Manufacturing
Total manufacturing
Food products in-
cluding beverages
Tobacco products
Textiles and their
products
Leattier and its
manufactures
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net No net
income income
Net
income
No net
income
26, 982
53,124
5,609
6,473
139
179
4,435
8,594
683
1,353
1
1, 690, 067
3, 622, 962
3, 267, 316
1,011,186
3,887,848
8, 759, 363
2,334,917
1, 767, 952
4, 196, 192
5, 735, 745
736, 389
4, 484, 821
19, 526, 587
2,779,982
304, 527
447, 176
497, 479
141,726
555, 772
1, 736, 642
447, 463
127, 075
408, 143
464, 665
30, 847
393, 110
1, 405, 931
227, 450
121, 777
148, 497
358, 027
40, 667
105, 561
85, 265
154, 566
28, 538
26, 172
51,154
1,048
10, 453
30,099
9,604
144, 188
250, 344
304, 296
89, 554
142, 064
626, 989
91, 722
189, 987
423, 955
677, 263
71,549
249, 215
1, 543, 113
196, 865
46, 837
89, 345
103, 870
8,390
21, 638
84,129
15,027
26, 263
80, 217
176, 546
6,704
42,387
144, 968
53, 124
2
3
4
5
6
7
8
24, 573, 659
39, 227, 667
4, 130, 786
3, 057, 221
1, 014, 360
157, 069
1, 649, 154
3, 351, 948
369, 234
530, 208
9
2, 013, 802
1,447,857
1, 640, 240
2,415,470
9,380,942
7, 807, 816
132,468
4, 002, 960
4, 132, 688
2, 923, 987
4,468,099
16, 064, 930
9, 563, 760
1, 928, 756
320, 744
316, 912
243, 156
439, 996
1, G13, 620
1, 220, 463
24, 105
551. 696
499, 392
123, 096
494. 021
1, 137, 287
467,815
216, 086
25, 560
58,854
61, 290
131, 682
431, 954
305, 140
120
34, 063
31, 550
10, 829
21, 605
45, 206
16, 408
2,592
158, 258
38, 841
99, 881
161,961
665, 704
538, 883
14, 373
502, 941
181, 741
171, 597
551, 223
1, 555, 160
721, 040
331, 753
32, 271
3,578
13, 385
53, 969
165, 508
103, 611
3,086
86, 868
24, 980
25, 623
127, 340
227, 094
98, 105
59, 803
10
11
12
13
14
15
16
24, 573, 659
39, 227, 667
4, 130, 786
3, 057, 221
1, 014, 360
157, 069
1, 649, 154
3, 351, 948
369, 234
530, 208
17
19, 889, 311
162, 924
132, 659
61, 367
18, 360
260, 593
209, 307
37, 015
21, 543, 362
456, 169
184, 100
89, 021
43, 908
230, 448
177, 886
38,018
5,211,423
21, 371
14, 841
9,478
6,337
32, 727
20, 542
5,046
3, 841, 089
19, 616
16, 404
10, 587
1,270
18, 498
7,975
1,196
1, 071, 962
1,045
2,830
590
103
2,310
7,121
855
90, 640
2,102
1,334
248
24
2,023
269
23
2, 058, 929
9,592
6,437
4,003
716
12,500
1,718
2,702
3,023,374
14, 568
11,365
12, 975
1,486
23,637
5,415
2,327
527, 167
746
1,768
480
81
3,956
165
363
531, 543
2,323
1,980
2,137
591
5,316
830
255
18
19
20
21
22
23
24
25
20, 771, 535
22, 762, 912
5, 321, 765
3, 916, 635
1, 086, 816
96, 662
2,096,597
3, 095, 147
534, 727
544, 976
26
13, 964, 939
404, 614
178, 271
197, 185
106, 404
632, 097
29,111
43, 583
3, 519, 255
17, 679, 483
507, 163
420, 359
363, 981
202, 858
1, 078, 255
90, 186
211,483
4, 213, 202
3, 797, 350
72, 459
28, 637
37, 898
19, 057
126, 290
1,650
10,941
877, 088
3, 367, 984
40, 273
52, 924
29, 429
16, 808
77,311
260
•33, 315
485, 636
792, 817
8,244
5,182
7,673
1,529
5,743
71, 488
2,112
997
1,478
502
2,432
1, 632, 824
64, 269
9,131
13, 491
12,698
55, 419
38
2,970
224, 902
2, 656, 071
93, 369
37, 484
33, 006
30, 507
90, 071
112
25, 470
447, 971
417,242
11, 144
1,378
2,590
4,753
6,783
487
60, 111
470, 490
16, 156
5,751
4,817
7,428
9,043
21
2,872
90, 641
27
28
29
30
31
32
33
475
114. 750
85
22, 755
34
35
19, 075, 458
24, 766, 971
4,971,369
4, 103, 939
936, 413
101, 849
2, 015, 742
3, 414, 061
504, 490
607, 218
36
1, 696, 078
1, 449, 756
48, 211
164, 101
1,531,976
1,491,631
30, 024
i" 2, 004, 059
"'2,219,963
350, 395
324, 808
11,469
36, 690
313, 706
269, 228
5,093
i» 187, 304
i» 196, 475
150, 403
142, 427
83
17, 063
133, 340
98, 449
28
10 5, 187
'« 5, 480
8,333
80, 855
76, 435
9,550
7,313
73,542
62. 200
2,736
10 318,915
10 326, 656
30,237
29, 709
1,196
3,315
26, 922
22, 964
411
10 62, 242
10 63, 328
37
38
39
40
41
784, 321
11, 222
29, 255
1,031
42, 090
1,112
5,425
203
42
43
150
STATISTICS OF INCOME
Table 15. — Returns of corporations submitting balance sheets for 1931 by major
1931, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid — Continued
[Money figures in
Industrial groups— Continued
Manufacturing — Continued
Rubber products
Net
income
Nonet
income
Forest products
Net
income
No net
income
Paper, pulp, and
products
Net
income
No net
Income
Number of returns with balance sheets '..
Assets: '
Cash 3
Notes and accounts receivable
Inventories
Investments, tax-exempt *
Investments other than tax-exempt 5.
Capital assets — Lands, buildings,
equipment (less depreciation) .
Miscellaneous assets.
Total assets -.
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock, preferred
Capital stock, common
Surplus and undivided profits
Less deficit
Total liabilities
Receipts, taxable income:
Gross sales "-.- ■
Gross profit other than tabulated as
gross sales.
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations.
Interest on tax-exempt obligations *..
Total compiled receipts "
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax...-
Bad debts
Depreciation.
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net profit or deficit (26 less 36).
Statutory net income or statutory net
deficit.
Net loss for prior year
Income tax
Compiled net profit less income tax
(37 less 40) .
Cash dividends paid
Stock dividends paid
161
339
1,354
4,783
800
1,134
34, 351
140, 944
72, 571
4,029
35, 479
160, 789
99, 093
49, 928
90,611
90, 186
9,506
127, 925
93, 862
20, 263
69, 465
74, 795
8,080
56, 695
171,412
17, 635
62, 715
299, 854
372, 667
30, 323
235, 686
1, 340, 468
132, 520
41, 524
80, 368
114,499
35, 055
89, 602
457, 589
59, 706
35, 307
134, 967
140, 196
6,766
385, 672
727, 759
98, 694
547, 256
751,011
418, 345
2, 474, 233
878, 343
1, 529, 361
107, 963
81, 540
19, 305
141, 592
70, 883
127, 422
1,447
69, 816
170, 228
27, 231
110, 502
415, 468
47, 085
89, 319
48, 929
13, 835
26, 469
33, 395
167, 947
137, 863
10, 093
331, 420
251, 663
155, 041
164, 474
1, 022, 373
757, 516
208, 254
46, 856
54, 379
32, 387
110, 822
327, 242
308, 489
1,832
155, 118
266, 557
74, 294
249, 284
645, 401
275, 110
36, 404
547, 256
751,011
418, 345
2, 474, 233
878, 343
1, 529, 361
380, 462
1,266
6,264
2,836
29
4,410
1,679
104
399, 516
4,768
2,433
996
118
3,715
3,305
348
312, 831
2,226
2,075
1,320
1,866
2,779
1,170
342
943, 608
10, 357
10, 312
7,229
4,412
14, 150
3,884
1,016
615, 399
907
2,477
1,011
371
4,419
2,222
1,328
397, 050
415, 198
324, 611
994, 967
628, 133
285, 297
3,245
9,369
2,932
2,827
15, 737
58
284
61,855
290, 444
5,409
10, 907
4,892
6,828
23, 748
10
2,336
104, 902
235, 046
12, 436
3,073
3,995
4,340
9,667
2,231
441
37, 185
817, 495
38, 567
31, 327
25, 759
16, 825
48, 058
19, 194
4, 657
180, 006
440,119
17, 230
5,922
7,733
2,373
29, 503
806
989
82, 883
381, 605
449, 476
308, 414
1,181,887
587, 558
15, 445
13, 662
2,094
1,307
14, 078
18, 750
23
i» 34, 278
10 37,931
8,118
15
14r68"4~T«
1,487
1,370
14, 827
14, 120
262
10 186, 920
191, *20
20, 853
1,236
40, 575
37, 025
966
4,190
36, 386
32, 413
1,322
584, 154
3,291
19, 269
2,071
842
10, 806
7,266
247
627, 946
470, 805
15, 706
32, 803
11, 558
3,537
35, 646
833
3,052
99, 198
673, 138
10 45, 192
10 52, 705
13, 199
2,007
For footnotes, see pp. 152-153.
STATISTICS OF INCOME
151
industrial groups, showing number of returns, assets and liabilities as of Dec. 31,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups— Continued
Manufacturing— Continued
Printing, publishing,
and allied industries
Chemicals and allied
products
Stone, clay, and
glass products
Metal and its
products
Manufacturing not
elsewhere classified
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
Net
income
No net
income
3,980
5,975
2,492
3,598
1,032
2,815
4,342
13, 262
1,955
4,619
1
85, 023
210, 043
98, 681
75,184
174, 758
505, 123
281,442
43, 289
387, 012
82, 521
8,099
352, 513
409, 674
320,623
256, 919
874, 462
607,931
113, 672
1, 592, 569
2, 161, 831
462,226
281, 014
682, 559
1, 036, 016
57, 367
1, 097, 335
5, 197, 688
379,415
44, 270
84, 769
107, 646
37, 797
103, 457
416, 903
48,844
47, 045
106, 186
160, 979
27, 676
81,719
833,859
84,683
523, 814
1, 085, 832
• 782, 051
431, 770
920, 251
2,112,607
595, 662
13, 262
827, 455
1, 369, 431
2, 262, 988
464, 595
1, 325, 830
7, 163, 895
937, 312
66, 574
141,719
145, 471
25, 262
90, 002
240, 083
61, 531
49, 336
187, 086
221, 564
21, 909
182, 976
440, 141
245, 830
2
3
4
6
6
7
8
1, 430, 254
1, 603, 730
6, 069, 610
8, 730, 394
843, 687
1, 342, 146
6, 451, 986
14, 351, 505
770, 643
1, 348, 842
9
134, 398
117, 823
107, 329
129, 774
440, 492
517, 986
17, 550
435, 168
192, 799
85, 820
88, 125
445, 789
453, 499
97, 470
258, 247
260, 725
439, 021
385, 658
2, 726, 622
2, 017, 831
18, 495
623, 981
1, 056, 557
737, 439
401,238
3, 739, 025
2, 409, 792
237, 639
50, 582
41, 527
37, 668
79, 186
364, 070
275, 390
4,735
127, 546
146, 251
108, 104
206, 145
550, 669
285, 624
82, 194
770, 553
432, 852
472, 501
675, 571
2, 158, 700
1, 965, 468
23,658
891, 592
1, 190, 375
1, 275, 138
1,907,348
5, 736, 600
3, 766, 119
415, 667
59,441
26, 993
87, 848
71,864
248, 200
289, 270
12, 972
192, 749
120, 594
129, 775
146, 794
644, 858
265, 646
151, 574
10
11
12
13
14
15
16
1, 430, 254
1, 603, 730
6, 069, 610
8, 730, 394
843, 687
1, 342, 146
6, 451, 986
14, 351, 505
770, 642
1, 348, 842
17
1, 199, 140
23,119
6,120
8,772
1,792
12, 036
5,233
3,032
896, 293
40, 138
4,200
13, 159
723
7,997
10, 964
562
3, 099, 945
23,358
42, 419
14, 519
2,586
32, 840
112,765
7,788
3, 456, 056
263, 329
43, 705
13, 907
11,215
52, 032
96, 167
7,251
460, 138
1,603
3,195
1,361
587
6,566
2,490
1,212
531, 395
2,045
2,893
2,262
661
5,194
2,430
837
4, 324, 356
72,122
37, 141
15, 101
2,873
134, 398
38, 057
13, 382
6, 511, 378
89, 798
63, 863
19, 201
21, 962
72, 786
35, 358
23,333
627, 560
5,568
7,092
1,897
1,018
11,652
16, 146
860
734, 317
3,834
6,342
4,250
605
14, 295
4,023
625
18
19
20
21
22
23
24
25
1, 259, 244
974, 036
3, 336, 220
3,943,660
477, 151
547, 716
4, 637, 430
6, 837, 677
671, 793
768, 292
26
772, 820
55, 750
11, 082
14, 469
11,810
34, 391
19
4,171
232, 527
677, 108
49, 697
20, 416
7,190
13, 951
32, 776
63
10, 822
223, 432
1, 836, 120
46, 947
50, 573
51, 631
15,892
139, 439
21,929
9,220
796, 734
2, 629, 481
32, 727
95, 722
96, 155
23, 140
302, 402
61, 604
10, 478
904, 566
301, 177
12, 108
4,024
5,156
3,991
27, 269
640
2,119
75, 970
401, 536
21,717
13, 750
9,458
5,868
47, 389
1,059
2,614
117,588
3, 055, 928
76, 808
44, 014
43, 711
22, 550
162, 661
1,667
10, 097
815, 290
5, 256, 516
155, 950
103, 152
131, 215
63,880
379, 338
6,898
98, 114
1, 327, 962
398, 197
23,972
5,886
5,905
4,584
19, 196
74
1,388
139, 958
570, 065
35, 480
15, 126
9,024
13, 586
30,042
132
17, 669
208, 544
27
28
29
30
31
32
33
34
35
1, 137, 040
1, 035, 454
2, 968, 485
4, 156, 275
432, 455
620, 979
4, 232, 727
7, 523, 025
599, 160
899, 668
36
122, 204
113, 939
2,333
12, 746
109, 457
93, 554
3,318
'0 61,418
'0 72, 945
367, 734
247, 181
4,558
28,954
338, 780
386, 342
6,223
10 212,614
10 316, 032
44, 696
40, 995
1,684
4,527
40, 169
36, 651
242
10 73, 263
10 76, 530
404, 703
353, 265
10, 541
40, 460
364, 243
396, 435
9,810
10 685, 348
10 744, 039
72, 633
56, 627
2,250
6,106
66, 526
60, 525
556
10 131, 376
10 136, 024
37
38
39
40
41
17, 165
426
279, 169
415
22,064
134
326, 848
4,058
11, 801
585
42
43
152
STATISTICS OF INCOME
Table 15. — Returns of corporations submitting balance sheets for 1931 by major
1931, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid — Continued
[Money figures in
Industrial groups— Continued
Construction
Transportation and
other public utilities
Net
income
No net
income
Net income
No net
income
Number of returns with balance sheets i
Assets: '
Cash 3
Notes and accounts receivable
Inventories _-_
Investments, tax-exempt *
Investments other than tax-exempt ^
Capital assets — lands, buildings, equipment
(less depreciation) .
Miscellaneous assets
Total assets
Liabilities: 2
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock— preferred
Capital stock — common
Surplus and undivided profits
Less deficit
Total liabilities
Receipts, taxable income:
Gross sales «
Gross profit other than tabulated as gross sales.
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations <
Total compiled receipts '
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciat ion
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net profit or deficit (26 less 36)
Statutory net income or statutory net deficit..
Net loss for prior year
Income tax
Compiled net profit less income tax (37 less 40)
Cash dividends paid
Stock dividends paid
5,312
10, 038
87, 638
325, 630
71, 729
62, 425
122, 489
252, 450
87, 874
67, 859
317, 510
108, 712
34, 892
325, 110
451, 839
158, 657
8,268
663, 679
1, 633, 992
435, 693
185, 674
4, 122, 482
25, 350, 843
1, 443, 347
8,189
669, 557
1, 192, 272
453, 072
71, 341
7, 236, 203
26, 862, 767
2, 016, 264
1, 010, 236
1, 464, 579
33, 835, 709
38, 501, 476
238, 822
60, 058
157, 666
32, 830
251, 024
285, 915
16, 078
340, 837
237, 216
181, 209
99, 844
425, 801
282, 307
102, 635
1,711,469
10, 430, 029
1, 788, 663
3, 206, 722
10, 978, 485
5, 830, 350
110,008
1, 782, 284
16, 594, 152
3, 156, 241
2, 595, 229
9, 761, 764
5, 280, 947
669, 140
1, 010, 236
1, 464, 579
33, 835, 709
38, 501, 476
834, 447
295, 399
6,085
4,776
2,723
12, 439
4,417
2,315
784, 366
128, 283
13, 608
13,419
1,360
11, 193
14, 692
1,674
5, 976, 414
185, 640
95, 414
12, 008
71, 198
402, 529
19, 858
6,073,314
107, 848
69,124
6,094
55,900
208, 953
13, 177
1,162,600
968, 595
6, 763, 060
6, 534, 410
674, 056
56, 835
8,223
5,226
6,517
34, 065
306
6,015
287, 460
659, 432
65, 319
25, 952
8,537
13, 244
32, 380
257
17, 513
233, 594
51, 153
643, 262
362, 581
25, 085
670, 237
9,112
23, 836
3. 664, 558
39, 612
971, 400
368, 387
22, 184
440, 056
13, 764
51, 557
4, 982, 350
1, 078, 703
1, 056, 228
5, 449, 825
6,889,311
83, 898
77, 165
8,068
7,372
76, 526
36, 102
4,576
>» 87, 633
'0 103, 999
26,404
1,626
1, 313, 236
890, 849
10, 676
104, 432
1, 208, 801
1, 337, 282
3,218
10 354, 901
>o 577, 031
451, 949
12, 971
' Excludes returns for inactive corporations.
2 See text, p. 31.
3 Includes cash in till and deposits in bank.
* Includes obligations of States and Territories or minor political subdivisions, securities issued under the
Federal Farm Loan Act, and obligations of the United States or its possessions.
5 See text, p. 29.
6 For cost of goods sold, see Statutory deductions.
STATISTICS OF INCOME
153
industrial groups, showing number of returns, assets and liahilities as of Dec. 31,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
Industrial groups— Continued
Trade
Service— professional ,
amusements, hotels, etc.
Finance— banking, in-
surance, real estate,
stock and bond bro-
kers, etc.
Nature of business
not given
Net income
No net
income
Net income
No net
income
Net income
No net
income
Net
income
No net
income
39,012
74, 874
11, 407
17, 138
46, 985
60, 907
480
1,229
1
553, 630
2, 028, 691
1,593,812
189, 751
655, 766
2, 066, 489
548, 745
479, 212
2, 658, 866
2, 391, 780
106, 963
1, 167, 756
2, 662, 818
795,762"
129, 144
269, 210
75, 331
24, 358
651, 031
1, 029, 078
197, 024
82, 073
366, 771
123, 103
21, 278
492, 229
2, 689, 751
404, 964
3, 232, 323
11,148,267
47, 001
2,990,203
23, 725, 589
6,582,611
1, 986, 798
6, 153, 001
20, 053, 837
202, 391
5, 070, 086
25, 825, 066
11,055,093
2, 970, 774
1,729
11, 366
1,097
446
8,950
9,333
3,408
4,006
35, 559
4,346
2,294
58,689
37, 027
21,081
I
4
5
6
7
8
7, 636, 885
10, 263, 158
2,375,176
4, 180, 168
49, 712, 792
71, 330, 248
36, 329
163, 002
9
1, 595, 136
391, 321
379, 821
568, 195
2, 641, 189
2, 128, 054
66, 832
2,478,641
923, 545
686, 275
1,114,586
4, 196, 313
1, 874, 577
1, 010, 779
208, 895
302, 566
172, 790
155, 397
586, 747
986, 059
37, 278
669, 008
1, 333, 613
396, 450
305, 385
1, 379, 848
465, 861
369, 998
2, 114, 577
3, 307, 726
32, 488, 055
907, 176
5, 673, 692
5, 453, 710
232, 144
4, 847, 338
7, 692, 091
36, 842, 515
2, 582, 685
12,419,907
8, 815, 165
1,869,451
5,132
2,363
3,789
2,517
26, 350
8,289
12,111
31,471
9,342
13, 225
15,311
115,113
36, 343
57, 803
10
11
12
13
14
15
16
7,636,885
10, 263, 158
2, 375, 176
4, 180, 168
49, 712, 792
71,330,248
36,329
163, 002
17
15,111,520
166, 873
53, 491
52. 931
32, 498
168,676
22. 932
8,467
13,364,916
177, 665
64. 772
88, 758
7,103
192, 207
23, 783
3,580
18
1, 506, 207
23, 720
35, 507
4,390
20, 610
19, 712
812
1, 705, 704
14, 180
89, 601
2,509
40, 397
21,952
666
8 1, 333, 041
1, 604, 792
704, 444
69,471
110,073
165, 150
141,864
8 2,983,128
1, 600, 722
771, 501
61,562
170,209
592, 060
257, 103
6,588
474
201
106
397
141
9
15, 034
712
305
118
631
1,156
63
19
20
21
22
23
24
25
15,617,388
13, 922, 784
1, 610, 957
1,875,011
4, 128, 835
6, 436, 285
7,915
18, 019
26
11,921,164
289, 083
66, 658
84, 987
84, 138
141,307
1,041
10, 742
2, 539, 472
10, 768, 638
447, 247
143, 954
115,341
172, 182
163, 645
5,237
119,577
2, 919, 194
97
90, 808
32, 096
24,931
9,146
61,756
232
13, 378
1, 245, 967
84,847
98, 865
53,064
16, 336
122, 056
370
34, 823
1,664,346
194, 474
522, 891
190, 172
100, 226
126, 677
1,385
50, 471
8 2,099,891
278, 555
1, 147, 785
305, 940
373, 308
205, 617
1,743
908, 729
9 4, 385, 330
788
111
136
80
164
1,734
1,032
568
1,191
802
7
9,770
16,880
28
29
30
31
32
33
33
5,458
34
35
15,138,592
14,855,015
1,478,313
2, 074, 707
8 3, 286, 186
9 7,607,009
6,770
31,983
36
478, 796
447, 397
17,833
45, 194
433, 602
309, 200
9, 793
10 932, 231
10 959, 594
132, 644
112,121
6,544
10,876
121, 769
76, 890
9,852
i» 199, 696
10 222, 314
842, 649
535, 635
30, 706
62, 597
790,052
490, 203
15,451
10 1,170,724
'0 2,019,887
1,145
995
37
61
1,084
1,059
11
«' 13,964
10 15, 183
37
38
39
40
41
120, 577
6,674
37, 828
634
732, 185
48, 784
885
80
42
43
' Includes net profit from sale of capital assets (real esl ate, stocks, bonds, etc.), but not gross receipts from
these items. Excludes nontaxable income other than interest on tax-exempt obligations and dividends on
stock of domestic corporations as reported in schedule L of the return.
8 Includes for a limited number of returns the cost of securities purchased for customers.
« Includes special nonexpense deductions of life insurance companies. (See p. 21.)
10 Deficit.
154
STATISTICS OF INCOME
TabI/B 16. — Returns of corporations submitting balance sheets for 19S1 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions,
[Money figures and total assets
[For text defining certain items and
PART 1. ALL RETURNS
Number of returns ' —
Assets: '
Cash' -
Notes and accounts receivable.
Inventories
Investments, tax-exempt * -
Investments other than tax-exempt ^
Capital assets— lands, buildings, equipment (less depre
elation) .
Miscellaneous assets
Total assets. .-
Liabilities: ^
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock— preferred
Capital stock— common
Surplus and undivided profits
Less deficit
Total liabilities
Receipts, taxable income:
Gross sales ^ -
Gross profit other than tabulated as gross sales
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts.
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations *
Total compiled receipts '
Statutory deductions:
Cost of goods sold
Compensation of officers
Interest paid
Taxes paid other than income tax
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions
Compiled net profit or deficit (26 less 36)
Statutory net income less statutory deficit
Net loss for prior year.
Income tax
Compiled net profit less income tax (37 less 40)
Cash dividends paid
Stock dividends paid
Total assets classes
Total
381, 088
880, 250
667, 199
139, 933
667, 192
305, 333
302, 699
16, 534, 423
296, 497, 023
23, 251, 397
48, 100, 960
81,881,780
19,116,829
79, 793, 726
51, 976, 381
7, 624, 046
296, 497, 029
, 783, 421
, 205, 514
, 024, 339
,110,292
283,515
, 393, 162
, 904, 511
533, 288
105, 238, 045
374, 479
573, 817
368, 927
172, 449
152, 675
932, 791
260, 565
538, 527
350, 912
8 487, 103
2, 924, 903
129, 775
392, 855
8 879, 958
6, 092, 337
161,818
Under 50
182, 447
231, 177
923, 957
639, 576
15,417
150, 951
1, 389, 705
352, 000
3, 702, 783
1, 248, 446
282, 943
261, 687
150, 090
2, 482, 206
600, 994
1, 223, 484
3, 702, 783
5, 610, 384
1, 142, 041
23, 527
89, 999
13, 097
67,816
5,049
540
6, 952, 452
4, 454, 522
520, 125
66, 625
60,110
72, 216
124, 583
6,215
72, 209
1,999,014
7, 364, 619
8 412, 166
8 417,756
9,194
3,080
8 415, 247
65,117
2,725
50 to 100
1,144
219, 299
1, 031, 423
616, 991
29, 086
263, 718
1, 829, 262
387, 770
4, 366, 549
1,132,905
614, 292
315, 618
171,203
2, 192, 162
641, 862
601, 493
4, 366, 649
4, 526, 980
677, 133
33, 861
89, 633
9,827
54, 874
5,128
674
3, 612, 325
312, 482
66, 521
60, 055
60, 479
118,484
2,230
29, 242
1,359,911
5,611,730
8 213,619
8 219, 421
8,770
4,690
8 218, 309
60, 825
3,598
For footnotes see pp. 168-159.
STATISTICS OF INCOME
155
classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or a
net profit or deficit, statutory net income or deficit, tax and dividends paid
classes in thousands of dollars]
describing returns included, see pp. 1-4]
WITH BALANCE SHEETS
Total assets classes— Continued
100 to 250
250 to 500
500 to 1,000
1,000 to 5,000
5,000 to
10,000
10,000 to
50,000
50,000 and
over
63,428
31,052
19, 335
18,345
2,588
2,117
632
1
490, 779
554, 803
721,612
2,067,171
1,054,588
2, 481, 568
8,059,253
2
2, 307, 538
2, 435, 602
2, 892, 283
7,665,636
3, 310, 523
7, 051, 494
21, 048, 744
3
1, 134, 770
1, 036, 030
1, 091, 819
2, 438, 404
942, 338
2, 141, 045
5, 099, 961
4
128, 928
254, 026
447. 076
1, 599, 591
875, 770
2, 087, 919
5, 229, 379
5
864 088
1, 303, 141
2, 096, 405
8, 243, 561
4, 509, 371
11,770,710
45,113,388
6
4, 334, 689
4, 544, 435
5, 288, 685
13, 440, 388
6, 240, 566
14,857,050
63,377,919
7
811, 352
801, 588
992, 986
2, 600, 656
1, 032, 020
2,777,412
6, 878, 640
8
10, 072, 145
10, 929, 624
13, 530, 865
37, 955, 407
17, 965, 175
43, 167, 197
154,807,284
9
2,037,948
1, 747, 258
1, 765, 498
3, 710, 266
1, 392, 838
2, 979, 898
7, 236, 339
10
1,381,891
1, 547, 168
1, 794, 320
4, 648, 633
2,431,513
6,281,949
29, 218, 253
11
1,258,311
1, 879, 095
2, 938, 260
9, 853, 534
4, 865, 444
11,860,806
48, 649, 127
12
506, 316
656, 291
909, 608
2, 780, 381
1, 283, 913
3, 722, 713
8, 936, 314
13
4, 309, 829
4, 029, 032
4, 553, 094
11,337,321
4, 900, 958
11,167,773
34, 821. 351
14
1, 571, 575
1, 869, 242
2, 391, 172
7,118,359
3, 569, 744
7,930,415
26, 383, 018
15
993, 725
798, 461
821, 086
1, 493, 088
479, 236
776, 357
437, 117
16
10, 072, 145
10,929,624
13, 530, 865
37, 955 407
17, 965, 175
43, 167, 197
154, 807, 284
17
7, 326, 841
5, 849, 894
5, 573, 612
11,161,841
4,001,390
9, 600, 934
20, 131, 545
18
1,012,893
849, 665
918, 186
1, 863, 093
893, 803
2, 296, 725
11, 551, 976
19
112,838
143, 099
185, 951
567, 823
265, 127
577, 912
2, 114, 199
20
212,344
221,819
228, 153
481, 955
174, 052
247, 606
364, 731
21
20, 537
17,585
21, 329
46, 957
17, 618
34, 139
102, 427
22
95, 812
88,637
92, 748
223, 603
93, 056
209, 102
467, 514
23
17, 596
27, 439
40, 329
179, 007
104, 846
287, 631
1, 237, 486
24
4,172
11,410
18, 486
70, 738
38, 570
111,095
277, 604
25
8,803,034
7, 209, 548
7, 078, 794
14, 595, 017
5, 588, 463
13, 365, 145
36. 247, 482
26
5, 863, 882
4, 667, 184
4, 445, 410
8, 689, 525
3, 005, 567
7, 172, 367
15, 463, 699
27
433, 314
295, 771
235, 367
353, 213
98, 608
161,419
163, 518
28
163, 559
178, 695
213, 563
567, 674
263, 163
601, 524
2, 258, 603
29
108, 014
107, 034
117,029
280,844
119,032
277, 806
1, 052, 524
30
111,982
91, 859
107, 479
216, 055
89, 555
130, 688
272, 362
31
209,897
189, 619
208, 034
496, 434
217,023
568,843
1, 799, 874
32
6,399
6,367
10,429
31, 432
17, 921
38, 660
140, 914
33
72, 557
76, 539
90, 943
316,579
169, 639
292, 442
418, 377
34
2, 173, 123
1, 847, 477
1, 902, 811
4, 182, 187
1, 745, 732
4, 157, 221
12,983,438
35
9, 142, 728
7, 460, 546
7, 331, 066
15, 133, 943
5, 726, 239
13,400,970
34, 553, 309
36
8 339, 694
8 250, 998
8 252, 272
8 538, 926
8 137, 776
8 35, 825
1, 694, 173
37
8 361,462
8 289, 847
8 311,087
8 788, 670
8 281, 193
8 434, 552
179.083
38
15, 182
12, 985
13, 583
26, 513
8,830
18, 155
16, 563
39
13, 227
16, 550
19, 393
52, 203
28, 348
68, 186
187, 178
40
8 352, 921
8 267, 548
8 271, 664
8 591, 129
8 166, 124
8 104,011
1, 506, 995
41
140, 652
158, 574
197, 540
590, 752
344, 980
879, 836
3, 654, 062
42
10,784
12, 190
13, 069
26, 370
11,393
50, 135
31, 553
43
177160—34
156
STATISTICS OF INCOME
Table 16 —Returns of corporations submitting balance sheets for 1931 by total assets
else of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
PART 2. RETURNS
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
Number of returns '.
Assets: ^
Cash 3- - .— c;-
Notes and accounts receivable
Inventories
Investments, tax-exempt <
Investments, other than tax-exempt "
Capital assets— lands, buildings, equipment
preciation)
Miscellaneous assets. --
Total assets classes
Total
Under 50
143, 195
(less
Total assets -
Liabilities: «
Notes and accounts payable- ..
Bonded debt and mortgages...
Miscellaneous liabilities
Capital stock— preferred
Capital stock— common.-----.
Surplus and undivided profits .
Less deficit
Total liabilities-
Receipts, taxable income:
Gross profit other" than "tabulated as gross sales.
Interest — -
Rents
Profit, sale of capital assets -
Miscellaneous receipts ---
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations *
Total compiled receipts '
Total statutory deductions -
Compiled net profit (26 less 36) --
Statutory net income -
Net loss for prior year.-
Income tax :---;o^","'VnV
Compiled net profit less income tax (37 less 40) .
Cash dividends paid
Stock dividends paid
45, 687, 523
6, 748, 756
121, 724, 933
070, 191
129, 561
861, 735
379, 974
617, 060
407, 212
740, 799
121, 724, 933
65, 564
114, 299
366, 360
196, 407
6,681
65, 539
530, 260
115,569
50 to 100
1, 395, 114
314, 843
92, 030
79, 048
29, 530
754, 903
274, 406
149, 647
24,297
116, 920
441, 301
201, 086
13, 997
110, 392
720, 154
130, 514
1, 734, 365
329, 632
185, 517
132, 190
52, 137
760, 568
343, 194
68, 874
36,
Statutory deductions:
Cost of goods sold -
Compensation of officers...
Interest paid -
Taxes paid other than income tax
Bad debts -
Depreciation
Depletion -
Loss, sale of capital assets ^„
Miscellaneous deductions ^^'
571, 059
576, 496
016, 326
965, 472
148, 894
662, 349
833,884
212, 762
1, 395, 114
2, 289, 651
617, 774
11,987
39, 387
8,551
26, 894
1,442
170
1, 734, 365
50,987,243
059, 072
107, 591
468, 059
893, 308
336, 860
721, 295
74, 889
149, 554
534,411
46, 345, 039
, 642, 204
, 595, 558
129, 776
392, 855
, 249, 349
., 843, 358
77,061
2, 895, 855
1, 770, 102
192, 471
15, 455
17, 570
18, 707
41,518
1,108
1,316
729, 236
2, 052, 637
328, 389
19, 486
46, 264
6,292
24,095
1,839
301
2, 479, 303
1,595,913
135, 493
22, 043
20, 224
19, 889
50,063
1,082
2,383
641,811
2, 787, 482
108, 374
106, 762
9,194
3,080
105, 294
44, 945
1,553
2, 388, 901
90, 402
88, 262
8,770
4,690
85, 712
44, 704
2,127
For footnotes, see pp. 158-159.
STATISTICS OF INCOME
157
classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or at
profit or deficit, statutory net income or deficit, tax and dividends paid — Continued
classes in thousands of dollars]
SHOWING NET INCOME
Total assets classes— Continued
100 to 250
250 to 500
500 to 1,000
1,000 to 5,000
5,000 to 10,000
10,000 to
50,000
50,000 and
over
25,649
12, 120
7,130
6,403
926
841
265
1
256, 867
279, 520
327, 899
867, 693
420, 225
1, 073, 288
3,026,604
2
1,036,604
1,088,179
1, 189, 466
2, 981, 322
1, 203, 354
2, 705, 394
8, 230, 530
■i
361, 566
330, 849
340, 264
845, 252
357, 818
894, 859
2, 077, 281
4
56, 307
106, 049
176, 994
625, 742
341, 163
851, 540
2, 341, 188
5
363, 163
510,860
753, 423
2, 569, 767
1, 608, 260
4, 353, 633
23, 212, 750
6
1, 701, 778
1, 687, 606
1, 876, 309
4, 580, 980
2, 222, 656
6, 241, 475
26, 126, 304
7
287,099
266, 375
307, 517
751, 366
368, 196
1, 335, 821
3, 186, 300
8
4, 063, 385
4, 269, 437
4, 971, 871
13, 212, 122
6, 421, 672
17, 456, 010
68, 200, 957
9
639, 614
534 748
503, 178
1, 014, 171
385, 151
870, 224
3, 478, 629
10
507, 335
510, 669
560, 352
1, 326, 298
671, 641
2, 258, 048
10, 017, 671
11
536, 535
762, 490
1, 070, 856
3, 338, 328
1,685,361
4, 659, 241
24, 597, 684
12
167, 098
222, 768
271, 868
862, 556
404, 075
1, 271, 743
4,098,199
13
1,519,789
1, 403, 685
1,526,096
3, 662, 564
1,711,718
4, 684, 140
14,693,597
14
800, 131
921, 006
1,113,943
3, 103, 202
1, 589, 836
3, 794, 006
11, 467, 487
15
107, 117
85, 930
74, 422
94, 996
26, HI
81, 392
62, 310
16
4,063,385
4, 269, 437
4, 971, 871
13, 212, 122
6,421,672
17, 456, 010
68, 200, 957
17
3, 457, 990
2, 825, 069
2, 620, 138
5, 524, 927
2, 058, 237
4, 889, 461
10, 852, 949
18
510, 818
407, 571
387, 930
719, 028
452, 648
1, 178, 174
5, 074, 164
19
64, 656
73, 304
82, 044
229, 228
104, 460
248, 315
1, 182, 845
20
106, 587
108, 059
106, 166
222, 733
77, 806
101,006
157, 462
21
13, 399
10, 222
12, 437
24,665
10, 079
17, 776
45, 474
22
44, 463
39, 465
37, 967
92, 901
39, 068
105, 151
252, 344
23
6,122
9,235
13, 793
47,685
28,549
111,624
613, 595
24
1,650
4,038
6,643
25,441
13, 976
42,238
118, 304
25
4, 205, 686
3, 476, 965
3,267,118
6, 886, 609
2, 784, 823
6, 693, 746
18, 297, 138
2
2, 701, 997
2, 189, 483
2, 007, 813
4, 103, 155
1, 449, 610
3, 368, 244
7, 872, 756
27
196, 196
135, 973
104, 413
150, 753
42, 017
74, 414
75, 863
28
59, 021
61, 969
67, 075
171, 135
76, 666
202, 351
792, 345
29
43, 594
42, 330
44,488
107, 742
45, 384
123, 489
448, 488
30
36, 133
29, 832
27, 309
53, 409
18, 924
38, 016
94, 642
31
88,467
80, 772
84, 208
184, 617
82, 462
250, 849
858, 339
32
2,882
2,580
4,237
8,804
6,969
14, 932
32, 296
33
5,208
7,502
9,692
24, 725
16, 633
32, 704
49, 390
34
892, 455
741, 773
711,701
1, 542, 365
758, 848
1, 848, 243
5, 707, 978
35
4, 025, 951
3, 292, 213
3,060,936
6, 346, 704
2, 497, 513
5, 953, 243
15, 992, 097
36
179, 735
184, 751
206, 182
539, 905
287, 310
740, 503
2, 305, 041
37
171, 963
171, 478
185, 747
466, 778
244, 785
586, 641
1, 573, 142
38
15, 182
12, 985
13, 583
26, 513
8,830
18, 155
16, 563
39
13, 227
16, 550
19, 393
52, 203
28, 348
68,186
187, 178
40
166, 508
168, 201
186, 790
487, 702
258, 963
672, 317
2, 117, 862
41
101, 349
114, 267
137, 426
383, 044
223, 046
597, 847
2, 196, 728
42
6,241
8,638
8,324
14, 314
7,350
13, 720
14, 796
43
158
STATISTICS OF INCOME
Table 16. — Returns of corporations submitting balance sheets for 1931 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
PART 3. RETURNS SHOW-
Number of returns '.
Assets: '
Cash 3 -
Notes and accounts receivable -
Inventories.
Investments, tax-exempt *
Investments other than tax-exempt '
Capital assets — lands, buildings, equipment (less depre-
ciation) .
Miscellaneous assets
Total assets -
Liabilities: 2
Notes and accounts payable...
Bonded debt and mortgages...
Miscellaneous liabilities
Capital stock — preferred
Capital stock^common
Surplus and undivided profits.
Less deficit
Total liabilities.
Receipts, taxable income:
Gross sales ^
Gross profit other than tabulated as gross sales.
Interest
Rents _
Profit, sale of capital assets..
Miscellaneous receipts.
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations *
Total compiled receipts '
Statutory deductions:
Cost of goods sold
C ompensation of officers
Interest paid
Taxes paid other than Income tax.
Bad debts
Depreciation
Depletion
Loss, sale of capital assets
Miscellaneous deductions
Total statutory deductions.
Compiled net deficit (26 less 36)
Statutory net deficit (37 plus 24 and 25).
Cash dividends paid
Stock dividends paid
174, 772, (
Total assets classes
Total
237, 893
9, 406, 936
29, 424, 688
9, 534, 551
6, 147, 532
40, 857, 547
69, 615, 176
9, 785, 667
15, 181, 207
31, 971, 400
45, 020, 046
11, 736, 855
49, 176, 667
28, 569, 170
6, 883, 248
174, 772, 096
37, 212, 362
11,629,018
2, 008, 013
1, 144, 820
134, 621
730, 813
1, 070, 627
320, 527
54, 250, 803
315, 408
466, 226
900, 868
279, 142
815, 816
211,497
185, 677
388, 973
816, 502
59, 380, 110
5, 129, 307
6, 520, 462
2, 248, 980
84, 758
Under 50
116, 883
116,878
557, 597
443, 169
8,736
85, 412
859, 445
236,431
2, 307, 669
933, 604
190, 912
182, 539
120, 560
1, 727, 303
226, 588
1, 073, 837
2, 307, 669
3, 320, 734
624, 267
11, 539
50, 612
4,546
40, 922
3,607
370
4, 056, 597
2, 684, 420
327, 655
40, 170
42, 540
53, 509
83, 066
5,107
70, 893
1, 269, 778
50 to 100
36, 847
102, 379
590, 122
414, 905
15,089
143, 326
, 109, 107
257, 256
2, 632, 184
803, 273
328, 776
183, 427
119, 066
1, 431, 594
298, 667
532, 619
2, 632, 184
2, 474, 343
348, 744
14, 375
43, 369
3,535
30, 779
3,290
373
2, 918, 808
2, 016, 412
176, 988
44, 478
29, 831
40, 590
68, 421
1,148
26, 860
818, 100
4, 577, 137 3, 222, 828
520, 540
524, 517
20, 171
1,172
304, 021
307, 683
16, 120
1,471
' Excludes returns for inactive corporations.
2 See text, p. 31.
3 Includes cash in till and deposits in bank.
* Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
« See text, p. 29.
STATISTICS OF INCOME
159
classes, showing number of returns, assets and liabilities as of Dec. 31, 1931, or at
profit or deficit, statutory net income or deficit, tax and dividends paid — Continued
classes in thousands of dollars]
ING NO NET INCOME— Continued
Total assets classes— Continued
100 to 250
250 to 500
500 to 1,000
i,000 to 5,000
5,000 to 10,000
10,000 to
50,000
50,000 and
over
37, 779
18, 932
12, 205
11.942
1,662
1,276
367
1
233, 912
275,283
393, 713
1.209.478
634. 363
1,408,280
5, 032, 650
2
1, 270, 934
1,347,423
1, 702. 816
4. 684. 314
2, 107, 168
4, 346, 100
12,818,214
3
773, 204
705, 182
751, 555
1. 593. 151
584, 520
1, 246, 186
3, 022, 680
4
72, 621
147, 977
270, 083
973. 850
534, 607
1, 236, 378
2,888,191
5
500,925
792, 281
1,342,981
5, 673. 794
3,001.112
7,417,077
21, 900, 638
6
2,632,911
2, 856, 829
3, 412, 376
8, 859, 407
4,017,910
8, 615, 575
37, 251, 615
7
524, 252
535, 213
685,469
1. 749, 290
663, 823
1,441,590
3, 692, 340
8
6,008,760
6, 660, 187
8, 558, 994
24, 743, 285
11,543,504
25,711,187
86, 606, 327
9
1,398,334
1,212,510
1, 262, 320
2, 696, 095
1, 007, 687
2, 109, 675
3, 757, 710
10
874, 556
1,036,498
1. 233, 968
3,322.335
1, 759, 872
4, 023, 901
19, 200, 581
a
721, 776
1, 116, 605
1, 867, 404
6, 515, 205
3,180,082
7, 201, 564
24, 051, 443
12
339, 218
433, 522
637. 740
1, 917, 825
879, 839
2, 450, 969
4,838,115
13
2, 790, 041
2, 625, 347
3,026,998
7, 674, 758
3, 189, 240
6, 483, 633
20, 227. 753
14
771, 443
948, 236
1, 277, 229
4, 015, 157
1,979,908
4, 136, 409
14,915,531
15
886, 608
712, 532
746, 665
1, 398, 091
453. 125
694,965
384, 806
16
6, 008, 760
6, 660, 187
8,558,994
24, 743, 285
11, 543, 504
25, 711, 187
86, 606, 327
17
3,868,851
3, 024, 825
2,953,474
5, 636, 914
1, 943, 152
4,711,473
9, 278, 596
18
502,074
442, 093
530, 256
1. 144. 065
441. 155
1, 118, 551
6, 477, 812
19
48, 183
69, 796
103,907
338, 595
160, 668
329, 597
931,355
20
105, 757
113, 760
121.986
259, 221
96,246
146, 601
207, 269
21
7,138
7,362
8,892
22. 293
7.539
16,363
56, 953
22
51, 349
49, 172
54,781
130, 702
53. 988
103. 951
215, 169
23
11,473
18,204
26, 537
131,321
76. 298
176. 007
623, 891
24
2,522
7,372
11,843
45, 296
24,594
68, 857
159, 300
25
4, 597, 348
3, 732, 583
3, 811, 676
7, 708, 408
2. 803. 639
6, 671, 399
17, 950, 344
26
3, 161, 885
2, 477, 702
2,437,597
4, 586, 370
1, 555. 957
3, 804, 123
7, 590, 943
27
237, 118
159, 798
130, 953
202,460
56, 592
87,006
87, 656
28
104, 538
116, 727
146, 488
396, 540
186, 496
399, 172
1,466,259
29
64,421
64, 704
72, 542
173, 103
73,648
154, 317
604, 036
30
75, 850
62,027
80, 170
162, 646
70. 631
92, 672
177, 721
31
121,430
108, 847
123, 827
311,817
134.561
317,994
941, 535
32
3,517
3,787
6,192
22, 628
10. 952
23, 729
108, 618
33
67, 350
69, 037
81,251
291, 853
153. 005
259, 738
308, 986
34
1,280,668
1, 105, 704
1, 191, 110
2, 639, 822
986.884
2, 308, 977
7,215,459
35
5, 116, 777
4, 168, 332
4, 270, 130
8. 787, 239
3. 228, 726
7, 447, 727
18, 561, 212
36
519, 429
435, 749
458,454
1, 078, 831
425, 087
776, 328
610. 868
37
533, 424
461, 325
496. 834
1,255,448
525, 978
1, 021, 192
1, 394. 059
38
39, 303
44, 307
60. 114
207, 708
121,934
281,989
1,457,333
39
4,544
3,553
4,745
12, 057
4,043
36, 415
16, 757
40
* For cost of goods sold, see Statutory deductions.
' Includes net profit from the sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts
from these items. Excludes nontaxable income, other than interest on tax-exempt obligations and divi-
dends on stock of domestic corporations as reported in Schedule L of the return.
8 Deficit.
160
STATISTICS OF INCOME
;^
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a°S5
« lO OOC^ O 1 1 1 l-H
00 t^cO.-!-* 1 1 1 100
C^ ^ t^ I^ -^ 1 1 1 1 o
rH-^- 1 1 1 JO
CO
1,268
784
1,733
1,569
1,476
CO
1,280
803
1,802
1,709
1,571
6," 767
i
CO
16, 938
12,311
24, 017
17, 059
13, 483
'"l2i,"966
i
1,635
647
1,709
804
1,365
"'"86,'857
!0
03
14, 593
11,168
20,911
14, 580
10, 974
'"'25,171
t^ O CO ^ TJH 1 1 1 1 ,-H
t^OOOOOOl 1 1 1 1 05
"° f-raTiN-eo 1 1 1 1 oT
10
CO
12, 958
12, 438
29, 531
24, 517
26, 788
""'59,' 023
10
50
326
302
2,076
1,263
1,134
0
g
1,865
2,395
4,765
3,238
2,156
"li,"72i
S
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4,472
4,085
10, 582
5,443
5,967
'l3,"552
0
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20, 418
22, 112
56, 101
48, 890
55, 049
'""366,'608
CO
10
12, 931
13, 430
35, 234
29, 025
33, 832
'"227,' 886
00
CO
1.963
2,456
5,804
4,838
3,623
CO
3,630
3,468
8,129
7,846
8,956
'"55,'i76
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t^iN to 0 xa> 1 11-H 1
l^ ,-1 iC -^ t^ »o 1 1 -, 1
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Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000*
5,000-10,000
10,000-50,000
50,000 and over *
Classes grouped
3
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161
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STATISTICS OF INCOME
165
137
188
529
565
545
3,491
1,429
ICO
s
556
707
1,580
1,487
892
5,485
1,559
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t TJH
i
557
710
1,592
1,529
912
5,669
1,635
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ICO
55
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22,091
33, 126
68,628
48, 918
34, 182
100, 432
36, 916
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I05
CO
21, 850
32, 797
67, 772
48, 172
33, 587
98. 725
36. 043
2
528
1.512
4,863
8,416
4,876
21, 609
10, 733
I
3,606
4,401
9,086
7,857
7,507
24,451
11,070
IS
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CO
166
515
2,308
1.931
4.208
10. 973
5.893
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1 t^
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60
244
475
309
460
1.439
591
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1.719
2.336
4.926
3,217
3,561
6,856
5.475
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CO
6.380
9.392
22. 775
22, 418
21. 653
69. 493
34. 148
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12
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g
1,290
1,714
4,592
4,041
5,285
12, 488
8.127
1
1,580
2,357
6,104
5,974
7,768
20, 407
13, 160
lOl
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2,929
4,505
10, 113
8,655
6,698
21,963
9,530
00
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50-100...-
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250-500.
500-1,000
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166
STATISTICS OF INCOME
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STATISTICS OF INCOME
167
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168
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625
467
981
850
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4,340
252
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12
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116,979
82, 697
1 12, 988
82, 736
84, 760
141, 124
40, 335
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CO
o
03
9,024
4, 819
7,851
4,600
5,222
2, 991
620
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106, 931
76, 877
103,095
76, 434
77, 288
132, 575
38,033
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5 18,225
5 4, 721
5, 292
7,101
8,200
47, 957
12, 653
1 1-^
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50, 885
36, 518
51, 820
35, 566
36,128
55,930
19, 385
1 1^
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3,464
4,428
7,465
7,640
10, 366
27, 798
11,063
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5,755
4,086
7, 535
10,096
9,437
22, 647
11,441
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28, 218
18,624
24, 196
21,446
23, 298
27,005
7,930
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76, 293
64, 935
104, 142
89,033
99, 607
194, 447
64,901
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33,981
26, 935
40, 224
35, 295
36, 443
61, 484
16, 370
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6,329
6,398
11, 944
11,501
8,722
19, 422
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22, 8.')7
16, 758
24, 898
18, 587
20, 639
35, 760
10, 754
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Under 50
50-100
100-250
250-.500
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5,000-10,000
10,000-50,000 «..
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Pi
STATISTICS OF INCOME
169
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171
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578
1,612
2,436
2,890
8,183
5,547
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1,465
1,524
3, 330
3,461
3,571
13,017
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1,476
1,536
3,400
3,621
3,744
13, 662
7,694
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35, 773
38, 228
69, 533
70, 406
54, 610
145, 975
34, 472
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5
222
229
287
151
856
3,742
49
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37, 444
67, 996
68, 705
52, 512
138, 290
31,795
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2,536
2,715
14, 678
21,625
19, 390
72, 124
16, 154
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9,498
10, 784
24, 046
23,078
24, 275
59, 876
22, 589
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423
1,202
3,904
6,350
6,568
19, 175
5,260
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413
2,176
2,393
2,375
1,249
3,699
5,723
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100
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4,069
6,097
7,551
8, 974
5,171
11,518
1,992
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18, 085
24, 405
55, 156
64, 497
59, 412
176, 961
61, 679
100
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4,482
5,545
15, 803
18, 359
17, 793
51, 834
14, 948
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3,962
5,398
11,750
13, 659
12, 454
33, 707
10, 700
100
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6,928
9,318
17, 163
20, 451
17, 952
47, 772
14, 684
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50-100...
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161
283
847
782
975
3,533
1,469
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65, 102
45, 657
85, 554
79, 464
81, 530
173, 573
66,090
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44, 768
83, 232
76,803
78, 712
166, 360
62, 362
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« 20, 421
1 7, 456
« 4, 597
« 2, 186
19, 465
33, 790
24, 494
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40, 612
31, 424
62, 526
69, 070
68, 170
156,907
43, 498
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4,020
3,557
10, 778
10, 283
22, 383
42, 851
25, 159
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1,929
2,828
5,599
8,400
8,666
26, 524
14, 000
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17, 995
14, 618
25, 607
28,858
17, 290
34, 265
9,268
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47, 822
48, 487
106, 284
122, 647
132, 496
317,821
123,480
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13, 812
14, 765
33,984
43, 710
48, 432
114, 542
34,304
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5
11, 074
10, 900
23, 622
26, 317
27, 746
52, 060
18, 057
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12, 305
11,031
23, 726
25, 152
24,454
61, 466
27, 608
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2,538
674
684
351
184
157
16
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50-100
100-250
250-500
500-1,000
1,000-5,000
5,000-10,000...
10,000-50,000 «
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172
STATISTICS OF INCOME
o-S ^
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1,574
1,846
4,993
4,834
6,762
11, 380
668
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6,261
4,864
11, 666
10, 431
12, 097
22, 131
2,236
1 Oi
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6,294
4,942
11,868
10,992
12, 670
24, 136
2,483
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Oi
00
00
139, 623
128,760
234, 974
166, 052
155, 262
212, 798
23,734
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IS
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io
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to
16, 331
19, 264
56, 758
62, 317
45, 116
63, 299
8,997
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121, 220
107, 220
172,928
109, 354
105, 570
141, 066
13,611
1 to
CO
00
6,431
11,246
33, 284
36, 903
43, 638
81, 740
10, 298
1 -^
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en
26, 159
24, 504
45, 888
31, 167
33, 133
60, 252
10, 682
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ICO
lO
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o
702
1,243
3,554
3,175
3,964
14,002
1,431
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CO
3,067
4,587
10, 183
5,841
7,149
10, 621
161
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16, 159
17, 294
34, 602
26, 326
32, 019
64, 729
18, 232
ISO
1 Tf
loT
ICO
00
00
S5
55, 679
64, 112
140, 328
118,310
141,532
260, 803
51, 266
■1
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o
16,314
20, 134
42, 632
28, 694
31, 343
62, 932
8,963
1^
§
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6,191
5,397
9,920
8,664
10, 891
22, 681
469
l>o
joo"
27,729
28, 396
59, 428
52, 291
60, 082
101, 794
27, 882
no
1 CO
liO
co"
CO
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Under 50
60-100
100-250.. _ _.
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000*
■a
3
o
CM 00 00 OS O 1-1 00
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t^ Tf< .-I o OS CM r*.
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to CO to CO ^ ^ rH
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to OO r- 00 t-' O CO
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to" CO tJh" GO oT GO t^
CO CO CD "* Tf to CM
■-*< to tP CO CD 00 f-H
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CM CO OS CM .— < CD t^
t- CM --I 00 r* OS CO
cT os" to cm' CO c^r co"
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CO^I-^00— 'COCOt^CM
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XJ^
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»0 i-H to -— ( to w
STATISTICS OF INCOME
173
CO co'»o t* t^ oT Tj^ ■^'-T
r-* l-H ^ CC CC (N Tt*
bT io cTi-r c<r cT CO (c' oT
1-t 1-1 1-1 '-S* CO -^ CO
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O'^'^OC^CCOS'-'IM
iOOO'«S<C^OOC^OCOC^
OCOOSOOt^'-'OSt^iO
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GOCDODOCOt^CitOCO
COOSOOC^tOCOQOOC^
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t^-Oi CO
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174
STATISTICS OF INCOME
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CO ■»
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STATISTICS OF INCOME
175
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iOcOC^OSO>t^t^<©'-<
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176
STATISTICS OF INCOME
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STATISTICS OF INCOME
177
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178
STATISTICS OF INCOME
Table 18. — Corporation returns for 1922 to 1931 ^ by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive corpora-
tions
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included, see pp. 1-4]
Total
num-
ber of
returns
Returns showing net income
Returns showing no net income '
Number
of returns
Year
Num-
ber
Gross
income
Net
income
Tax
Num-
ber
Gross
income
Deficit
showing
no income
data-
Inactive
corpora-
tions 2
AGRICULTURE AND RELATED INDUSTRIES
9,092
4,000
9,360
3,914
9,758
4,530
9,904
4,662
10, 688
4,698
9,905
4,445
10, 265
4,504
10, 615
4,407
10, 961
3,475
11, 014
2,546
484, 597
605, 394
566, 072
572, 215
615, 141
633, 782
636, 641
636, 227
363, 718
215, 096
62, 901
6,622
5,092
92, 201
9,791
5,446
64, 230
6,733
5,228
76,862
8,604
5,242
70, 812
8,175
5,990
78, 577
9,054
4,460
80, 476
8,217
4,679
72, 801
6,783
5,023
40,484
4,041
6,431
14,002
1,201
7,354
220, 801
168, 179
243, 661
221,340
249, 342
188, 645
188, 503
246, 280
307, 122
276, 868
56, 091
49, 930
62, 498
59, 215
55, 665
61,893
50,092
53,543
86, 370
98, 778
1,000
1,082
1,185
1,055
1,114
MINING AND QUARRYING
17, 093
6,130
18, 509
5,175
18, 453
4,893
19, 163
5,488
19, 252
6,008
18, 519
5,232
18, 793
5,183
18, 261
5,211
17, 635
4,700
17, 580
3,832
2, 362, 027
2, 676, 072
2, 589, 850
3,711,407
3, 207, 942
2, 259, 850
2, 501, 468
3, 031, 405
1, 611, 228
732, 720
286, 437
283, 566
240, 142
453, 600
455, 798
276, 309
332, 679
430, 527
194, 118
71, 154
31, 400
10, 963
30, 777
13, 334
28, 389
13, 560
55, 049
13, 675
57, 308
13, 246
34, 898
7,804
36, 751
7,750
44, 319
7,291
21, 474
7.533
7, 211
8,291
1,333,361
2, 186, 927
2, 258, 698
1, 213, 439
1, 339, 759
1, 576, 986
1, 087, 745
1,016,184
1, 388, 238
1, 496, 571
280, 456
334, 254
307, 091
209, 957
183, 474
246, 924
207, 416
198, 440
238, 459
325, 963
5,483
5,860
5,759
5.402
5,457
MANUFACTURING-TOTAL
82, 485
48, 697
85, 199
53, 795
86, 803
51,342
88, 674
54, 137
93,244
55, 094
93, 415
53, 620
95, 777
55,007
96, 525
55, 488
95, 098
40, 641
93, 109
30, 270
36, 005, 906
48, 686, 640
45, 320, 016
52, 924, 994
52, 921, 594
50, 134, 091
57, 458, 959
59, 879, 759
38, 804, 235
20, 974, 409
3, 454, 420
4, 271, 899
3, 595, 675
4, 383, 357
4, 494, 790
3, 938, 647
4, 744, 261
5,216,016
2, 757, 508
1, 464, 619
389, 776
33, 788
484, 864
31, 404
429, 653
35, 461
546, 741
34, 537
584, 507
38, 150
507, 735
36, 196
544, 937
36, 566
544, 053
36, 742
316, 992
50, 863
165,311
58, 815
677, 336
534, 069
591, 149
904, 788
573, 203
588, 788
813, 970
252, 285
846, 043
058, 882
813, 413
701, 012
832, 203
682, 255
786, 687
851, 053
833, 735
810,244
1, 639, 844
2, 287, 589
3,599
4,204
4,295
3,594
4,024
MANUFACTURING-FOOD PRODUCTS, INCLUDING BEVERAGES
13, 529
8,087
13, 590
8,388
13, 924
8,841
14, 722
9,303
15, 008
8,950
15, 079
8,971
14, 965
8,844
15, 124
9,045
14, 847
7,897
14, 632
6,466
5, 880, 242
7, 499, 284
9, 742, 291
11, 476, 443
10, 553, 213
8, 524, 432
11,551,431
9, 641, 960
7, 637, 397
5, 365, 954
356, 919
411,716
443, 370
533, 472
475, 074
461, 046
518, 092
540, 186
436, 451
326, 910
39,'
43, i
51, i
66, i
61,
59,
58,;
56,;
426
5,442
812
5,202
822
5,083
587
5,419
429
6,058
049
5,461
391
5,405
309
5,380
869
6,328
823
7,524
2, 013,
1, 528,
1, 044,
1,923,
1, 762,
4, 188,
1, 497,
3, 854,
4, 377,
3, 988,
146, 137
118, 480
91, 897
91,512
93, 052
105, 716
77, 818
87, 721
128, 498
203, 478
647
716
622
642
* Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
c (rporations are summarized on pp. 204-207.
' Prior to 1927, returns for inactive corporations showing no income data were included with returns show-
ing no net income.
* Includes "Tobacco products."
* Not available.
STATISTICS OF INCOME
179
Table IS. — Corporation returns for 1922 to 1931 ^ hy major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive corpora-
tions— Continued
[Money figures in thousands of dollars]
Total
num-
ber of
returns
Returns showing net income
Returns showing no net income ^
Number
of returns
Year
Num-
ber
Gross
income
Net
income
Tax
Num-
ber
Gross
income
Deficit
showing
no income
data-
Inactive
corpora-
tions'
MANUFACTURING— TOBACCO PRODUCTS
1922..
1923..
1924..
1925 <_
1926..
1927.-
1928..
1929..
1930..
1931..
558
272
563
278
518
239
497
289
445
261
439
238
437
243
405
195
379
155
932, 146
1,011,952
1, 002, 841
90, 752
11,241
286
95, 209
11, 834
285
93, 483
11, 554
279
117, 366
15, 718
208
124, 775
16, 745
169
121, 678
14, 548
181
132, 682
14, 554
177
143, 788
17,216
197
142, 494
17, 066
211
39, 133
38, 483
57, 260
4,170
5,696
3,819
1, 124, 966
1, 177, 777
1, 180, 870
1, 220, 530
1, 094, 278
1, 086, 321
35, 051
23, 525
19, 122
50, 436
76, 799
97, 515
2,267
2,475
2,147
4,942
6,655
5.606
MANUFACTURING— TEXTILES AND THEIR PRODUCTS
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
11,425
6,973
11,771
7,678
12, 229
6,836
12, 271
7,504
13, 436
7,708
13,851
8,240
14, 508
8,076
14, 629
8,104
14, 692
5,678
14, 655
4,875
5, 675, 174
6, 699, 737
4, 842, 252
6, 108, OfiO
5,354,117
6, 285, 401
5, 702, 986
5, 902, 287
2, 642, 402
2, 132, 182
535, 107
563, 412
316, 929
413, 115
314,649
417,484
351,850
323, 974
105, 610
77, 830
62, 500
4,452
65, 435
4,093
37, 651
5,393
48, 815
4,767
39, 829
5,728
50, 341
5,343
39, 355
6,098
33, 197
6,236
11,122
8,753
7,351
9,503
1, 120, 053
1,156,950
2, 346, 629
1,608,402
2,398,617
1,522,068
2, 134, 380
2,330,931
3,774,112
3, 168, 902
78,311
71, 845
188, 104
114,772
195, 164
120,816
155, 729
163, 069
369, 69
342, 537
MANUFACTURING— LEATHER AND ITS MANUFACTURES
1922
1923-
1924
1925
1926
1927
1928
1929
1930
1931
2,284
1,330
2,303
1,321
2,428
1,341
2,359
1,373
2,491
1,413
2,411
1,448
2,440
1,362
2,477
1,349
2,461
894
2,294
754
1, 149, 675
1,151,785
1,046,931
1,175,340
1,234,232
1, 415, 200
1, 325, 306
1, 258, 771
733, 941
545, 388
88, 641
10, 414
954
72, 388
8,248
982
70, 319
8,037
1,087
76, 023
9,169
986
73, 859
9,358
1,078
99, 072
12, 229
903
77, 425
8,892
1,015
76, 803
8.109
1,084
38, 691
4,389
1,515
30, 091
3, 340
1,487
314, 431
445, 476
460, 523
339, 191
427,012
316, 039
396, 514
482, 402
655, 143
564, 469
24,811
36, 126
31,876
28, 895
27, 436
21, 703
28, 038
36, 368
64, 124
64, 737
MANUFACTURING— RUBBER PRODUCTS
1922
593
284
1923
607
273
1924
638
325
1925
638
349
1926
680
339
1927
655
335
1928
723
349
1929
638
311
1930
607
227
19.31
552
174
558, 985
908, 765
937, 870
1,373,495
1,147,455
1, 039, 525
932, 048
916, 242
559, 565
401,314
41,930
2,286
309
45, 924
2,840
334
56, 900
5,662
313
122, 966
15,412
289
37, 501
4,867
341
70, 253
8,849
284
44, 645
5,149
331
56, 324
6,055
303
12, 242
1,336
3.54
14, 004
1,371
361
383, 664
170, 130
184, 380
95, 862
452, 909
407, 272
454, 122
510, 967
540, 748
415, 317
24, 563
21, 563
15, 345
13,941
24, 764
19, 356
45, 987
39, 191
63, 876
38, 154
For footnotes, see p. 178.
180
STATISTICS OF INCOME
Table 18. — Corporation returns for 1922 to 1931 ' hy major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive corpora-
tions— Continued
[Money figures in thousands of dollars]
Total
num-
ber of
returns
Returns showing net income
Returns showing no net income ^
Number
of returns
Year
Num-
ber
Gross
income
Net
income
Tax
Num-
ber
Gross
income
Deficit
showing
no income
data-
Inactive
corpora-
tions '
MANUFACTURING— FOREST PRODUCTS
1922
1923,
1924
1925.
1926
1927
1928
1929
1930
1931
6,911
4,545
7,382
5,250
7,663
4,750
7,633
4,657
7,862
4,591
7,816
4,178
7,947
4,290
7,869
4,195
7,501
2,340
6,954
1,525
2, 022, 918
2, 692, 281
2, 207, 210
2, 380, 463
2, 330, 766
1, 929, 814
2, 052, 903
1, 978, 584
723, 630
332, 942
207, 996
299, 050
178, 869
200, 316
172, 972
125, 408
142, 197
135,612
35, 825
14, 966
22, 699
2,366
33, 457
2,132
21,090
2,913
24, 667
2,976
21, 907
3,271
15,612
3,353
15, 210
3,367
13, 437
3,294
3,591
4,868
1,379
5,150
379, 399
282, 522
627, 593
587, 054
738, 045
874, 474
789, 281
816, 194
1, 263, 948
1,014,898
48, 282
32, 587
57, 754
53,116
69, 196
94, 295
71, 493
68, 499
152,460
199, 138
MANUFACTURING— PAPER, PULP, AND PRODUCTS
1922,
1923
1924
1925
1926
1927
1928
1929
1930
1931
1,769
1,086
1,815
1,240
1,886
1,204
1,940
1,288
2,024
1,365
2,083
1,386
2,093
1,345
2,145
1,406
2,113
1,114
2,086
832
913,935
1, 246, 989
1, 163, 209
1, 260, 563
1, 430, 426
1, 401, 780
1, 374, 722
1, 546, 672
1,011,630
632, 927
84, 025
9,481
683
109, 909
12, 233
575
92, 674
10, 675
682
111, 186
14, 004
652
120, 460
15, 610
659
123, 988
16, 063
642
118,590
13, 768
678
124, 347
13,222
673
73, 641
8,475
953
37, 472
4,239
1,200
248, 261
196, 992
200, 908
230, 547
221, 834
267, 600
352, 796
249, 444
567, 158
639, 142
22, 409
14, 932
18, 361
12, 137
14, 362
13,614
14, 959
19, 893
36, 379
53. 776
MANUFACTURING— PRINTING, PUBLISHING, AND ALLIED INDUSTRIES
1922,
1923
1924
1925
1926
1927
1928
1929
1930
1931
8,710
5.771
9,223
6,183
9,618
6,278
9,920
6,523
10, 545
6,931
10, 679
6,734
11, 127
7,070
11,569
7,331
11,736
6,098
11,822
4,593
1, 589, 150
1, 724, 659
1,878,831
1, 988, 485
2, 196, 254
2, 185, 712
2, 329, 670
2, 468, 283
2, 055, 461
1, 285, 285
184, 716
165, 947
175,972
190, 909
203, 507
198, 476
243, 650
270. 829
176, 137
115,795
21, 745
2,939
19, 429
3,040
20, 802
3,340
23, 375
3,397
25, 858
3,614
25, 123
3,629
27, 310
3,703
28, 017
3,839
19,641
5,271
12,895
6,810
257, 773
260, 566
287, 667
293, 786
351, 190
380, 417
350, 275
402, 692
607, 967
1,000,179
23, 020
23, 627
28, 455
29, 505
31, 006
34, 788
34,104
47, 749
54, 512
77, 802
MANUFACTURING— CHEMICALS AND ALLIED PRODUCTS
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
6,117
3,512
6,317
3,472
6,601
3,640
6,962
3,951
7,286
4,076
7,229
3,960
7,501
4,231
7,505
4,073
7,380
3,287
7,265
2,797
4,984,114
4, 803, 668
5, 157, 014
6, 475, 024
7, 322, 287
6, 799, 331
8, 772, 466
9, 550, 545
7, 376, 017
3, 371, 395
461, 221
419, 584
466, 184
623, 277
785, 155
495, 857
848, 127
911,512
534, 077
251, 493
54, 056
2,605
49, 426
2,845
66, 650
2,961
78, 393
3,011
102, 964
3,210
64, 767
2,892
99, 002
2,820
98, 124
2,998
62, 961
3,727
29, 409
4,047
727, 163
1, 304, 388
733, 144
590, 301
768, 153
1, 969, 078
778, 526
737, 016
2, 351, 166
3, 952, 977
66, 158
94, 158
76,309
82, 352
69,279
110, 369
59, 789
56, 976
175, 459
318, 864
For footnotes, see p. 178.
STATISTICS OF INCOME
181
Table 18. — Corporation returns for 1922 to 1931^ by major industrial groups,
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive corpora-
tions— Continued
[Money figures in thousands of dollars]
Total
num-
ber of
returns
Returns showing net income
Returns showing no net income ^
Number
of returns
Year
Num-
ber
Gross
income
Net
income
Tax
Num-
ber
Gross
income
Deficit
showing
no income
data-
Inactive
corpora-
tions 2
MANUFACTURING— STONE, CLAY, AND GLASS PRODUCTS
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931.
3,890
2,459
4,201
2,880
4,356
2,735
4,454
2,753
4,606
2,762
4,682
2,587
4,852
2,676
4,816
2,572
4,724
1,805
4,418
1,149
1, 024, 110
1, 253, 406
1, 216, 633
1, 345, 032
1, 500, 051
1, 357, 109
1,394,910
1, 389, 486
1, 027, 449
483, 373
125, 692
187, 844
162, 403
181, 547
195, 166
157, 263
172, 007
163, 646
92,812
41, 683
14,938
1,431
22, 113
1,321
19, 152
1,621
22, 853
1,701
25, 542
1,844
20, 564
1,876
19, 770
1,933
17, 268
1,989
10, 487
2,713
4,614
3,076
148, 097
110, 290
166, 464
156, 780
164, 876
243, 350
259, 911
265, 730
382, 407
558, 054
16, 586
14, 374
17,944
17, 846
22, 112
28,356
32, 518
33, 439
53, 374
79, 171
219
243
255
206
193
MANUFACTURING— METAL AND ITS PRODUCTS
1922
15, 874
8,397
1923
16, 240
10,168
1924
20, 170
11, 227
1925
21, 529
12, 760
1926
20,054
11, 989
1927.
20, 379
11,412
1928.
20,695
12, 252
1929
21, 047
12, 864
1930
20, 831
8,188
1931.
19,700
4,744
7, 728, 929
15, 238, 955
13, 947, 991
17, 335, 348
16, 661, 793
16, 256. 966
18, 847, 896
22, 125, 989
12, 790, 300
4, 652, 191
906, 956
1, 427, 496
1, 340, 597
1, 756, 753
1, 803, 444
1, 501, 274
1,910,004
2, 291, 767
1, 003, 020
355, 221
98, 760
7,477
160, 771
6,072
162, 979
8,943
221, 973
8,769
237, 077
8,065
198, 066
8,227
221, 838
7,479
236, 494
7,292
116, 149
11,904
40, 624
14, 174
2, 247, 108
1,361,816
1,991,002
1, 774, 904
1, 792, 082
2, 928, 373
2, 326, 047
1, 966, 590
4, 407, 595
6, 861, 806
272, 040
178, 081
244, 779
201, 445
192, 574
241, 305
254, 975
170, 113
400, 375
760, 951
740
964
891
739
782
MANUFACTURING— MANUFACTURING NOT ELSEWHERE CLASSIFIED
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
10, 825
5,981
11, 187
6,664
6,772
3,926
6,246
3,676
8,755
4,681
8,106
4,108
8,487
4,274
8,269
3,995
7,801
2,918
8,352
2,206
3, 546, 529
4, 455, 159
2, 176, 944
2, 006, 742
2, 066, 035
1,761,042
1, 993, 751
1,880,411
1, 152, 164
685, 136
370, 465
473, 420
197, 975
173, 792
195, 637
163, 752
195, 999
188, 335
105, 216
56, 661
42,229
4,844
55, 266
4,523
23, 580
2,846
21, 494
2,570
24, 349
4,074
20, 326
3,417
21, 702
3,556
19, 267
3,477
11, 756
4,280
6,201
5,272
798, 352
678, 308
491, 002
304, 215
460, 600
467, 835
455, 592
585, 157
841, 663
796, 917
86, 926
89, 543
57, 561
36, 733
45, 484
58, 260
56, 179
82,284
134, 443
143, 375
581
657
797
603
874
CONSTRUCTION
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
11,370
6,997
12, 551
8,151
13, 176
8,701
15, 338
9,701
16, 770
10, 075
17,609
10, 071
18, 770
10, 179
19, 947
10, 462
20,035
8,871
19,806
6,457
1, 350, 514
1, 753, 796
1, 784, 699
1, 914, 494
2, 287, 548
2, 413, 184
2, 317, 186
2, 291, 630
2, 174, 156
1,213,234
91, 724
112,004
132, 704
156, 491
162, 569
171, 160
170, 906
178, 376
150, 548
80, 699
9,652
11, 439
13,912
17, 581
19, 146
20, 078
17, 175
16, 519
15, 210
7,625
4,373
4,400
4,475
5,637
6,695
6,281
7,117
7,896
9,674
11,675
415, 530
469,915
425, 625
391, 555
528, 548
642, 410
661, 089
790, 254
867, 972
1,022,318
52, 529
42, 809
42, Oil
43, 346
53, 621
59, 417
71,369
70, 066
82,488
111,048
1,267
1,474
1,589
1,490
1,674
For footnotes, see p. 178.
182
STATISTICS OF INCOME
Table 18. — Corporation returns for 1922 to 1931 ^ by major industrial groups ^
showing for returns with net income and no net income, number of returns, gross
income, net income or deficit, and tax; also number of returns for inactive corpora-
tions— Continued
[Money figures in thousands of dollars]
Year
Total
num-
ber of
returns
Returns showing net income
Num-
ber
Gross
income
Net
income
Tax
Returns showing no net income '
Num-
ber
Gross
income
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions 2
TRANSPORTATION AND OTHER PUBLIC UTILITIES
1922.
1923.
1924
1925
1926.
1927.
1928.
1929
1930
1931
20, 511
13, 690
21, 113
14, 269
22, 431
14, 565
23, 613
14, 862
25, 100
15,444
22, 912
13, 855
23, 662
13, 882
23, 951
13,614
23, 662
12, 109
23, 715
10, 933
8. 098,
9, 280,
9. 099,
10, 952,
13, 518,
12, 844,
14, 263,
15, 684,
12, 935,
6, 800,
979, 264
1, 257, 410
1,232,012
1, 468, 693
1, 723, 399
1, 588, 880
1, 813, 088
2, 092, 654
1, 334, 229
902, 635
119,
150,
148,
186,
228,
210,
211,
222,
156,
105,
481
6,821
999
6,844
278
7,866
314
8,751
663
9,656
878
6,982
681
7,422
483
7,994
573
9,522
585
10, 622
1, 656,
1, 246,
1, 076,
928,
1, 245,
2,295,
1, 538,
1, 500,
3, 060,
6, 584,
196, 480
125, 650
137, 753
134, 745
120, 174
197, 472
173, 170
190, 692
333, 528
605, 249
2,075
2,358
2,343
2,031
2, 160'
TRADE
1922
1923
1924
1925.
1926
1927.
1928
1929
1930
1931.
95, 683
59, 791
100, 646
68, 186
105, 323
68, 112
109, 588
71,910
112,705
71, 403
122, 360
74, 747
129, 766
79, 745
132, 660
78, 606
134, 769
69, 741
136, 620
46, 049
22, 864, 939
26, 441, 518
28, 625, 233
32, 617, 032
33, 469, 063
33, 612, 876
34, 824, 464
34, 264, 086
23, 380, 483
16, 109, 402
1, 014, 013
1, 197, 926
1, 198, 586
1, 254, 046
1, 165, 558
1, 156, 870
1, 246, 862
1, 149, 235
651, 097
460, 035
107, 042
36, 892
128, 536
32, 460
120, 649
37, 211
145, 350
37, 678
140, 523
41, 302
137, 352
44, 931
126, 332
46, 602
107, 149
50, 483
64, 166
71, 746
45, 708
86, 799
811, 920
832, 623
490, 247
229, 906
478, 473
430, 840
379, 620
230, 447
828, 241
484, 044
318, 693
264, 797
296, 517
287, 606
330, 998
362, 339
366, 514
419, 398
738, 695
1, 025, 431
2,682-
3,419
3,571
3,282
3,672
SERVICE— PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931.
23,146
13, 494
25, 114
15, 482
26, 320
15, 496
28, 981
16, 571
32, 257
17, 755
34, 193
18, 287
36. 829
19, 008
39, 642
20, 230
42, 064
18, 741
42, 406
15, 637
1,689,959
1, 917, 929
2, 049, 142
2, 283, 168
2, 628, 040
2, 680, 916
2, 784, 161
3, 051, 820
2, 757, 401
1, 698, 877
148,
188,
202,
246,
260,
244,
254,
314,
234,
117,
262
9,651
377
9,632
131
10, 825
467
12, 410
040
14, 602
626
12, 859
501
14, 618
632
15, 737
706
19, 472
081
22, 588
525,
500,
582,
566,
732,
906,
1, 043,
1, 140,
1, 407,
1, 980,
59, 615
59, 141
66, 650
72, 226
103, 772
117, 065
126, 709
164, 215
179, 230
241, 288
3, 047
3,303
3,676
3,851
4,181
FINANCE— BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC.
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
91, 106
68,646
96, 772
62, 654
104, 761
67, 089
115, 947
73, 246
130, 433
76, 819
137, 425
78, 100
145, 433
80, 315
150, 588
80, 260
153, 182
72, 102
162, 920
69, 129
7, 148, 710
5, 488, 239
6, 766, 188
8,603,186
9, 356, 744
10, 797, 010
14, 476, 370
10, 872, 961
7, 619, 508
4, 293, 852
887, 835
868, 083
995, 124
1, 523, 823
1, 336, 893
1, 522, 834
1,971,343
2, 197, 539
1, 064, 816
670, 602
99, 097
32, 459
96, 114
34, 118
109, 444
37, 672
179, 949
42, 701
160, 215
53, 614
181, 706
44, 682
213, 238
48, 824
222, 403
53,677
109, 456
64, 477
55, 166
76, 434
1, 783,
2, 975,
2, 305,
2, 013,
2, 942,
2, 407,
6, 231,
4, 786,
5, 777,
6, 635,
397, 661
410, 813
460, 697
456, 219
528, 032
666, 177
566, 199
1, 008, 827
1, 566, 677
2, 256, 843
14,743
16,294
16, 651
16, 603
18, 357
NATURE OF BUSINESS NOT GIVEN
1922
30, 283
26, 260
26, 439
13, 644
14, 871
18, 693
16, 597
17, 247
21,330
19, 334
12
16
1
30, 271
26, 250
26, 439
13,544
14, 031
1,731
1,350
1,748
1,898
2,228
331
1
327
272
803
73
1,956
6,287
9,398
6,920
8,703
12, 303
18, 724
1923
1924
1925
1926
840
1,492
960
1,152
1,040
1,045
27, 393
48, 540
26,411
21, 886
15, 197
12, 494
2,604
4,143
3,940
2,312
1,786
1,796
220
348
309
94
88
105
17, 572
37, 336
21, 639
25, 715
17, 773
24, 364
1927
1928
1929
1930
1931
16, 470
14, 287
14, 347
18, 392
16, 061
For footnotes, see p. 178.
STATISTICS OF INCOME
183
Table 19. — Corporation returns for 1922 to 1931 by Stales and Territories, showing
for returns with net income, no net incojne,' and no income data, the number of
returns, net income or deficit, and tax ^
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income s
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions 3
ALABAMA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
3,335
3,595
3,838
3,936
4,133
4,383
4,656
4,473
4,477
4,299
2,096
2,348
2,373
2,569
2,618
2,697
2,619
2,310
1,772
1,380
$29, 184, 794
,341
,812
$2, 832,
4, 756,
3, 905,
4, 978,
4, 860,
4, 171,
3, 054,
2, 642,
1, 047,
412,
1,239
1,247
1,465
1,367
1,515
1,313
1,608
1,767
2,261
2.370
$7, 765, 401
7, 225, 661
9, 832, 343
8, 288, 434
9, 949, 904
9, 352, 937
10, 519, 460
16, 471, 552
25, 019, 857
29, 844, 771
373
429
396
444
549
ALASKA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
107
138
140
159
156
174
175
182
170
181
68
72
73
94
94
109
92
71
$234, 107
937, 073
540, 894
571, 677
673, 666
677, 513
641, 591
836, 818
503, 259
332, 731
$39, 126
97, 023
52, 532
59, 523
66, 149
62, 639
45, 749
46, 257
35,243
17, 948
$191,686
217,260
1,000,223
370. 693
379, 716
536. 729
406. 644
252, 393
447, 882
561,918
ARIZONA
1922
1923
1924
1925
1926
1927
1928
1939
1930
1931
1,575
1.562
1,525
1,451
1,505
1,556
1,734
1,953
1,932
1,893
486
548
579
593
619
668
766
822
629
506
8. 957. 195
7. 412. 641
7. 679. 289
8. 813. 276
7, 779, 782
9, 810, 755
18,991,971
4, 756, 443
2, 522, 366
$394,
629,
776,
813,
1,011,
865,
935,
1, 732,
421,
194,
1,089
1,014
946
858
886
403
430
510
725
807
$7, 824, 482
5, 551, 722
5, 375, 135
10, 809, 776
5, 154. 235
6. 343. 672
8, 922, 812
19, 258, 670
9, 770, 975
14,970,348
485
538
621
578
580
ARKANSAS
1922
1923
1924
1925
1926
1927
1928,
1929
1930
1931
2,447
2,612
2,554
2,684
2,634
2,660
2,760
2,629
2,624
2,471
1,527
1,669
1,670
1.823
1.701
1.626
1,707
1,680
1,140
$18, 439,
22, 372,
18, 080,
22, 899,
18, 597,
16, 260,
17, 064,
17,565,
6, 755,
3, 945,
$1, 949, 055
2, 360, 633
1, 864, 449
2, 515, 334
2. 122. 827
1. 810. 758
1. 572. 542
1.450.711
571, 397
302, 706
920
943
884
861
933
795
1,309
1,415
$8, 702, 914
7,213,801
6, 820, 639
5, 549, 165
10. 396, 812
12. 106. 704
9. 448. 999
6, 139, 868
19, 093, 901
15, 925, 671
150
164
154
175
157
' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of
corporations are summarized on pp. 204-207.
2 Includes war-profits and excess-profits tax for the years 1917 to 1921 and for 1922. tax on net income
earned from July 1, 1921, to Dec. 31. 1921, reported on fiscal year returns of corporations whose accounting
period terminated after Dec. 31, 1921, but subsequent to July 1, 1922.
' Prior to 1927 returns for inactive corporations showing no income data were included with returns
showins no net income.
184
STATISTICS OF INCOME
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax ^ — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income '
Number
Deficit
Number
of return s^
showing
no income
data-
Inactive
corpora-
tions '
CALIFORNIA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
16, 651
18, 386
19, 737
20, 263
21, 258
22, 162
22, 754
23, 206
23, 836
23, 738
8,742
9,834
9,990
10, 539
10, 901
11, 098
11, 438
11,316
9,617
7,465
$303, 048, 110
369, 970,,234
376, 724, 853
417, 825, 949
426, 838, 778
447, 749, 712
552, 289, 223
612, 923, 444
324, 584, 256
190, 149, 234
$35, 465, 270
43, 033, 209
44, 161, 442
50, 633, 672
64, 319, 333
66, 529, 600
62, 038, 115
52, 960, 071
36, 114, 206
20, 714, 203
7,909
8,562
9,747
9,724
10, 357
8,494
8,747
9,243
11,538
13, 569
$88, 756, 771
99, 996, 982
116, 946, 379
119,911,974
138, 640, 232
146, 148, 863
146, 858, 979
147, 670, 283
263, 756, 760
396, 715, 741
COLORADO
1922.
1923
1924
1925
1926.
1927
1928
1929
1930
1931
6,855
6,344
6,494
6,399
6,680
6,863
7,134
7,317
7,257
7,205
2,720
2,636
2,891
2,983
3,071
3,144
3,342
3,311
2,941
2,359
$55, 835, 080
60. 490, 802
60, 846, 149
60, 448, 005
62, 872, 037
47, 758, 479
59, 932, 477
52, 349, 386
30, 943, 420
18, 442, 088
$5, 546, 947
6, 182, 816
7, 024, 097
7, 077, 070
7,811,708
5, 647, 319
6, 108, 649
6, 084, 003
3, 090, 062
1, 786, 885
4,136
3,708
3,603
3,416
3,509
2,291
2,313
2,474
2,845
3,355
$29, 747, 821
26, 414, 664
26, 209, 210
26, 159, 041
21,333,038
27, 717, 320
17, 102, 817
21, 166, 262
28, 736, 849
40, 802, 136
CONNECTICUT
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
5,227
6,492
6,782
5,958
6,280
6,685
7,105
7,529
7,955
8,074
2,947
3,373
3,431
3,720
3,771
3,936
4,302
4,668
3,698
3,155
$96, 297, 669
120, 934, 894
103, 180, 674
126, 092, 862
124, 029, 378
136, 992, 216
177, 470, 906
199, 914, 339
84, 910, 504
58, 810, 445
$10, 532, 844
13, 182, 836
11, 848, 127
14, 886, 873
15, 646, 630
16, 827, 368
19,669,911
20, 781, 847
9, 169, 764
6, 398, 495
2,280
2,119
2,361
2,238
2, 509
2,283
2,326
2,486
3, 742
4,425
$24, 144, 339
37, 694, 864
36, 792, 136
30, 543, 543
40, 943, 399
27, 108, 848
28, 197, 261
33, 654, 066
80, 185, 409
104, 326, 665
DELAWARE
1922.
1923.
1924
1925
1926
1927
1928
1929
1930
1931
1,002
1,116
991
1,376
1,483
1,553
1,706
1,961
1,951
1,966
481
588
594
780
811
846
984
1,068
888
674
$22, 716, 671
41, 933, 301
39, 540, 910
60,931,345
82, 896, 307
116,890,099
189, 783, 492
272, 465, 382
126, 272, 479
76, 197, 754
$2, 278, 883
3, 976, 282
4, 703, 290
7, 664, 617
10,815,416
15, 547, 645
22, 067, 396
29, 423, 386
14, 548, 434
8, 939, 332
621
528
397
596
672
486
471
583
811
1,003
$11,569,175
9, 086, 570
12, 787, 463
10, 701, 129
13, 485, 133
22,832,110
9, 440, 376
34, 178, 027
45, 823, 303
93, 407, 969
DISTRICT OF COLUMBIA
1922
1,466
1,575
1, 656
1,753
1,888
1,988
2,220
2,329
2.317
2,343
822
923
942
1,081
1,077
1,070
1,126
1,197
1,124
1,067
$30, 390, 273
44,483,103
47, 457, 560
64, 493, 229
65, 987, 475
55, 838, 329
55, 898, 404
52, 909, 244
30, 330, 490
22, 376, 244
$3, 190, 897
5, 360, 889
5, 745, 401
8,119,191
8,671,009
7, 225, 128
6, 422, 798
5, 400, 289
3, 285, 696
2,418,670
644
652
714
(572
811
095
822
872
966
1,081
$6,211,642
5, 237, 736
0, 079, 819
4,510,589
7, 733, 936
8, 733, 830
11,520,873
10,237,366
15,134,086
26, 740, 887
1923
1924
1925
1926
1927
223
1928
272
1929
260
1930-
227
1931-
iy>i
For footnotes, see \\. 183.
STATISTICS OF INCOME
185
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax ' — Continued
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax'
Returns showing no net
income s
Number
Deficit
Number
of returns
showing
no income
data —
Inactive
corpora-
tions 3
FLORIDA
3,885
4,353
.5,224
8,284
10, 853
11,010
11,283
11,119
11,3G9
11,028
2,049
2,466
3,094
5,478
4,702
3,443
3,368
3,489
3,469
3,064
$24, 513, 785
36, 398, 528
62, 343, 490
192, 320, 339
82, 638, 298
32, 218, 194
27, 064, 343
28,114,338
20, 922, 108
12, 806, 092
$2, 618, 536
3, 821, 481
7, 006, 389
23, 516, 457
9, 624, 929
3, 412, 552
2, 275, 903
2,210,154
1, 676. 279
909, 147
1,836
1,887
2,130
2,806
6, 151
5,323
5,177
4,778
4,769
5,073
$12, 917, 006
11, 855, 447
14, 287, 771
26, 545, 579
73, 208, 376
93, 803, 280
75, 784, 359
73, 712, 820
63, 398, 460
77, 571, 403
GEORGIA
4,745
4,963
5,099
5,251
5,281
5,524
5,620
5, 738
5,678
5,567
2,715
3,094
3,080
3,354
3,234
3,416
3,409
3,390
2,681
1,980
$56, 774, 636
63,751,487
50, 161, 660
67, 080, 735
61, 823, 773
70, 521, 193
64, 903, 089
62, 280, 928
23,924,817
18, 623, 715
$6, 204, 066
7, 023, 858
5, 536, 205
7, 699, 583
7, 564, 471
8, 320, 117
6, 891, 285
6, 104, 989
2, 252, 340
1,664,451
2,030
1,869
2,019
1,897
2,047
1,839
1,922
2,037
2,717
3,308
$17, 609, 991
16, 996, 464
22, 279, 976
18, 297, 398
23, 522, 021
19, 387, 376
18, 500, 350
20, 485, 642
39, 199, 809
44, 108, 858
HAWAII
604
586
607
594
633
686
734
784
785
669
351
364
393
380
429
445
455
448
413
295
$15, 159, 068
27, 706, 582
31,529,816
22, 148, 292
25, 849, 463
28, 349, 258
33, 455, 832
28, 828, 910
22, 836, 121
4,651,834
$1, 750, 982
3, 037, 316
3, 625, 419
2, 794, 231
3, 396, 249
3,715,310
3,883,119
3, 045, 503
2, 643, 151
477, 030
253
222
214
214
204
203
238
291
339
346
$4,427,230
1,475,820
1, 109, 053
2,269,411
1, 666, 698
2, 200, 129
1, 696, 287
2, 894, 799
4, 787, 319
9, 228, 220
IDAHO
1,872
1,961
2,071
2,279
2,282
2,270
2,352
2,412
2,509
2,509
734
840
902
1,012
991
1,014
1,061
1,054
919
685
$6, 347,
10, 330,
6, 845,
9,013,
7, 707,
6, 930,
6, 644,
7, 624,
4, 942,
2,819,
$462, 751
965, 874
680, 401
976, 132
837, 110
587, 368
535, 238
505, 247
402, 616
225, 576
1,138
1,111
1,169
1,267
1,291
564
563
593
790
1,031
$5, 436, 222
5, 320, 288
5, 828, 747
5, 195, 974
6, 219, 456
6,915,313
6, 839, 394
4, 619, 702
9, 156, 477
12, 715, 770
ILLINOIS
24, 184
25, 242
26, 414
27,239
28,340
29,248
30,444
31, 700
32, 043
32, 260
14, 360
15, 941
15, 959
16, 767
16, 986
16,913
17,668
17, 698
13, 389
10, 489
$670, 758, 004
752, 649, 643
706, 054, 194
851,832,473
901,781,956
836, 587, 699
1, 012, 940. 140
1,103,647,465
586, 664, 164
263, 613, 607
$75,
82,
82,
105,
116,
107,
115,
115,
66,
28,
884, 486
678, 907
467, 674
692, 356
558, 602
498, 653
222, 042
132, 836
135, 079
519, 781
9,824
9,301
10, 455
10, 472
11,354
10, 052
10, 370
11,339
15, 780
18, 920
$173, 860, 680
136, 524, 673
161, 659, 103
141, 187, 284
159, 686, 696
185, 949, 352
179, 767, 433
216, 642, 176
407, 149, 790
642,841,569
For footnotes, see p. 183.
186
STATISTICS OF INCOME
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax ' — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income ^
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions 3
INDIANA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
10, 041
10, 399
10, 832
11,057
11, 080
11, 463
11, 703
11, 789
11,663
11, 989
6,241
6,721
6,556
6,826
6,889
6,821
6,836
6,881
5,289
4,395
$122, 163, 938
136,413,095
114,989,588
135, 335, 396
129, 343, 772
115,759,921
122,603,012
124, 079, 665
71, 466, 760
50, 361, 661
$13, 778, 424
15, 083, 519
12, 930, 267
15, 736, 200
15, 747, 699
13, 965, 445
12,901,862
11,980,232
7, 250, 243
4, 887, 795
3,800
3,678
4,276
4,231
4,191
3,343
3,561
3,705
5,186
6,236
$40, 050, 443
36, 019, 103
41, 903, 489
30, 881, 041
33, 416, 050
41, 571, 092
34, 983, 502
40, 187, 723
70, 089, 952
95, 806, 968
IOWA
1922.
1923.
1924.
1925
1926
1927
1928
1929
1930
1931
8,839
5,343
9,025
5,477
8,961
4,993
9,048
5,115
8,843
5,060
9,050
5,087
8,643
4,981
9,116
9,125
9,350
5,109
4,558
3,527
$49, 066, 144
57, 437, 108
49, 731, 875
66, 258, 659
56,751,215
53, 291, 854
65, 509, 670
68, 045, 529
46, 489, 265
25, 509, 055
$4, 768, 550
3,496
5,842,916
3,548
5,284,901
3,968
6, 302, 485
3,933
6, 585, 785
3,783
6,153,952
2,592
6,604,313
2,507
6, 398, 769
2,430
4,573,825
3,077
2,360,861
4,119
$21, 689, 190
23, 042, 435
25, 289, 572
24, 376, 794
25, 033, 368
19, 190, 248
18, 549, 651
20, 436, 342
28, 275, 704
47, 426, 947
KANSAS
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
4,956
4,928
4,985
5,003
5,280
5,191
5,228
5,192
5,308
5,290
3,115
2,987
3,184
3,132
3,253
3,122
3,258
3,278
2,846
2,111
$121, 146, 807
87, 085, 926
84,610,712
109, 216, 206
131,458,924
99, 605, 616
108, 126, 632
134, 228, 182
74, 320, 733
32, 438, 616
$14,445,997
1,841
10, 270, 666
1,941
9, 832, 973
1,801
13, 442, 864
1,871
17,017,077
2,027
12, 807, 208
1,677
12, 099, 645
1,631
13,962,047
1,517
8, 241, 440
2,059
3, 436, 250
2,714
$14,468,330
17, 632, 728
16,351,310
13, 673, 394
12, 888, 990
29, 872, 626
10, 460, 044
12, 768, 097
29,351,949
52, 644, 624
KENTUCKY
1922.
1923.
1924
1925,
1926
1927,
1928,
1929
1930
1931
5,119
3,315
6,153
3,381
6,226
3,226
5,295
3,418
5,479
3,403
5,718
3,397
5,894
3,467
5,668
3,316
5,764
2,767
5,470
2,158
S69, 658, 734
72, 582, 288
64, 974, 995
78, 148, 741
77, 202, 970
72, 269, 854
75, 154, 449
77, 305, 063
38, 452, 724
18, 965, 434
!,7, 376, 137
1,804
8, 139, 710
1,772
7, 347, 437
1,999
9,418,224
1,877
9, 612, 262
2,076
8, 892, 758
1,691
8, 172, 028
1,783
7, 745, 933
1,799
3,981,810
2,364
1, 843, 386
2,766
$18, 086, 658
13, 264, 642
16, 972, 876
11,483,729
14, 471, 051
14, 493, 784
16, 998, 237
16, 387, 992
74, 306, 037
40, 242, 071
LOUISIANA
1922.
1923.
1924.
1926.
1926.
1927.
1928.
1929
1930.
1931
4,987
2,680
6,109
2,841
5,155
2,943
5,250
3,121
6,667
3,277
5,817
3,219
6,072
3,370
6,314
3,424
6, 440
2,903
6,697
2,415
$51, 649, 253
68, 344, 723
54, 436, 362
64, 232, 938
62, 497, 081
56, 860, 797
60, 220, 625
53, 648, 140
33,217,314
23, 234, 174
$6, 483, 592
2,407
7, 643, 885
2,268
5, 934, 261
2,212
7, 268, 660
2, 129
7, 554, 101
2,380
6, 752, 612
2,092
6, 122, 204
2,132
4, 980, 312
2,242
3, 096, 364
2,881
2,149,945
3,440
$44, 743, 533
23, 034, 860
24, 738, 179
26, 162, 664
26, 200, 382
28, 323, 044
27, 384, 846
32, 196, 862
61, 988, 388
59, 975, 236
606
570
648
666
742
For footnotes, see p. 183.
STATISTICS OF INCOME
187
Table 19. — Corporation returns for 1922 to 19S1 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax ^ — Continued
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income ^
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions '
MAINE
3,219
3,297
3,444
3,464
3,443
3,489
3,644
3,720
3,789
3,884
1,855
2,001
1,966
1,945
1,972
2,072
2,092
2,095
1,888
1,535
$40, 170, 194
44, 434, 980
31, 347, 813
39, 071, 919
32, 528, 974
36, 574, 450
34, 914, 666
35, 378, 748
24, 232, 269
13,355,116
$4, 755, 360
4, 983, 800
3, 533, 832
4, 584, 431
3, 908, 753
4, 326, 805
3, 702, 506
3,431,942
2, 496, 359
1, 304, 067
1,364
1,296
1,478
1,519
1,471
1,042
1,133
1,180
1,476
1,806
$11, 175, 507
10, 320, 017
12, 818, 615
10, 186, 819
10, 464, 172
11,269,604
8, 974, 306
20, 792, 197
28, 486, 786
36, 900, 072
MARYLAND
4,599
4,783
5,202
5,461
5,621
5,787
5,970
6,189
5,922
5,841
2,520
2,810
2,933
3,090
3,188
3,162
3,144
3,334
2,775
2,255
$65, 766, 880
99, 326, 345
83, 492, 835
103, 664, 691
118, 165, 800
104,113,296
156,351,652
165, 645, 057
116,375,490
76, 621, 803
$7, 355, 370
11, 349, 059
9, 846, 911
12, 753, 251
14, 934, 207
13, 188, 854
17, 573, 370
16, 850, 939
13,224,817
8, 736, 482
2,079
1,973
2,269
2,371
2,433
1,882
2,067
2,143
2,479
2,932
$23, 130, 838
16, 301, 840
21, 782, 532
19, 345, 232
20, 398, 160
36, 988, 167
25, 824, 764
30, 009, 770
57, 807, 757
101, 812, 765
MASSACHUSETTS
15, 867
15, 861
17, 101
16, 444
17, 639
18, 182
18, 851
19, 401
20, 070
19, 678
8,922
9,486
9,412
9,631
9,752
9,907
10, 266
10, 383
8,316
6,727
$415, 230, 727
462, 478, 692
352, 209, 591
407, 768, 963
382,931,611
399, 971, 159
412, 506, 062
444, 569, 972
249, 537, 347
170, 982, 957
$47, 813, 576
53, 151, 343
40, 796, 074
49, 269, 096
48, 500, 010
49, 174, 304
45, 923, 268
44, 619, 551
27, 837, 352
18, 985, 123
6,945
6,375
7,689
6,813
7,887
7,149
7,501
7,980
10, 546
11,948
$153, 696, 505
125, 643, 432
173, 656, 457
112,722,084
146, 128, 051
136, 207, 941
147, 014, 255
190, 760, 215
346, 662, 268
337, 203, 586
MICHIGAN
11,853
12, 174
12, 778
13,016
13, 553
14, 120
14, 920
15, 543
15, 758
15, 287
6,571
7,294
7,429
8,103
8,282
7,953
8,655
8,631
6,045
4,562
$447, 225, 520
521, 024, 836
497, 940, 013
762, 997, 200
672, 422, 283
624, 658, 470
735, 670, 950
762, 434, 851
389, 342, 499
239, 139, 631
070, 746
729, 137
869, 257
056, 344
183, 330
971,438
310, 239
628, 026
857, 774
122, 517
5,282
4,880
5,349
4,913
5,271
4,873
4,840
5,448
8,063
9,124
$76, 326, 217
70, 047, 812
63, 963, 119
63, 876, 038
84, 481, 252
134, 299, 345
159, 476, 988
119, 044, 474
193, 927, 520
299, 845, 008
MINNESOTA
10, 269
10, 568
10,800
10, 733
10, 965
11,101
11,302
11,482
11,476
11,403
5, 547
5,795
5, 783
5,999
5,870
5,910
6.229
6,316
5,491
4,364
$96, 881, 835
116,711,287
111,844,643
131, 886, 399
130,211,654
117,223,824
155, 636, 570
146, 668, 780
87, 556, 089
57,311,241
097, 391
604, 260
698, 035
796, 494
155, 550
227, 460
090,924
697, 284
224, 930
4,722
4,773
5, 017
4,734
5,095
3,693
3,544
3,563
4,435
5,427
$38, 678, 456
36,011,
169
41
333,
313
31
810,
112
31
055,904 1
36, 398,
263
28
225,
755
32
732, 271
60
139, 408
105
601,
407
For footnotes, see p. 183.
177160—34 13
188
STATISTICS OF INCOME
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, shovnng
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax i — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income '
Number
Deficit
Number
of returns
showing
no income
data —
Inactive
MISSISSIPPI
1922
1923.
1924.
1925.
1926.
1927
1928
1929
1930
1931
3,334
2,775
1,305
1,447
1,413
1,435
1,482
1,493
1,044
782
$165, 645, 057
116, 375, 490
13,197,415
15, 758, 775
13, 166, 440
12, 175, 942
12, 700, 024
13, 736, 947
5, 999, 753
3, 485, 022
$16, 850, 939
2,143
13, 224, 817
2,479
1, 335, 653
672
1, 663, 545
552
1, 435, 100
700
1,241,953
674
1, 066. 132
780
1, 130, 678
894
512, 460
1,293
266, 893
1,461
$30, 009, 770
57, 807, 757
12,171,217
3, 797, 289
7, 404, 954
7,861,017
6, 779, 445
7, 728, 478
14, 364, 516
15, 105, 056
MISSOURI
1922.
1923.
1924
1925,
1926
1927
1928
1929
1930
1931
14, 190
14, 562
15, 139
15, 673
16, 145
16, 370
16, 751
17, 223
17,106
16, 767
8,445
9,018
8,906
9,372
9,160
9,017
9,137
9,146
7,411
6,723
$203, 959, 349
227, 323, 356
225, 899, 300
272, 483, 866
267, 510, 006
239, 670, 661
256, 780, 600
262, 694, 594
162, 446, 149
101, 314, 752
$23,
25,
26,
33,
33,
30,
27,
26,
17,
10,
127, 247
782, 472
039, 340
347, 366
947, 811
280, 874
963, 086
786, 038
748, 477
871, 634
6,746
6,544
6,233
6,301
6,986
5,627
6,711
6,068
7,691
9,107
$59, 551, 941
51, 267, 986
56, 248, 620
48, 706, 864
61, 022, 188
66, 969, 916
60, 673, 083
66, 537, 732
103, 086, 730
186, 866, 753
MONTANA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
3,922
1,435
3,865
1,424
4,028
1,489
3,907
1,609
3,866
1,686
4,020
1,837
3,708
1,933
3,585
1,822
3,350
1,419
3,201
1,099
$9, 069, 415
8, 815, 440
8, 948, 662
11,841,163
13,936,917
13, 312, 092
14, 643, 477
11,941,519
5, 581, 686
3, 285, 696
$890, 678
2,487
876,050
2,441
841, 019
2,639
1, 196, 446
2,298
1, 519, 624
2,180
1, 361, 229
983
1, 249, 331
960
940, 662
1,070
378, 965
1,454
250, 855
1,729
$9,111,489
12, 343, 116
8, 766, 873
7, 716, 215
6, 642, 616
9, 342, 614
5, 483, 184
6, 769, 981
10, 628, 715
17, 488, 714
NEBRASKA
1922.
1923.
1924.
1925.
1926,
1927,
1928,
1929
1930
1931
5,102
4,858
4,679
4,683
4,694
4,716
4,836
4,725
4,786
4,860
2,933
2,857
2,896
2,868
2,816
2,958
3,060
2,969
2,708
2,071
$26, 166, 141
25, 019, 824
26, 913, 914
30, 390, 919
27, 497, 556
26, 750, 144
30, 623, 670
30, 079, 150
21, 995, 936
12, 648, 406
>2, 645, 916
2,169
2, 655, 243
2,001
2, 762, 866
1,783
3, 317, 807
1,715
3, 122, 134
1,779
2, 981, 537
1,296
2, 882, 277
1,261
2, 662, 466
1, 352
2, 043, 076
1,705
1, 087, 290
2,355
$12, 068, 951
13, 204, 151
13,116,117
12, 537, 516
10, 177, 762
9, 461, 626
10, 355, 716
17, 306, 069
15, 628, 432
21, 106, 405
NEVADA
1922
1923.
1924
1925
1926
1927
1928
1929
1930
1931
1,268
329
1,166
337
1,049
327
1,029
351
969
326
874
314
1,020
353
1,033
351
1,022
309
997
301
$1, 723, 404
2, 558, 594
1,661,752
2,341,538
2,881,101
4, 108, 708
6, 963, 436
9, 771, 174
5, 547, 452
6. 839, 518
$150, Oil
939
225, 107
819
147, 158
722
214,831
678
315, 794
643
486,925
253
736, 162
281
971, 353
315
594, 841
401
754, 270
410
$3, 666, 525
3, 293, 952
3, 378, 237
6, 442, 370
3, 076, 990
3,412,418
4, 601, 796
4, 329, 528
5, 845, 096
4, 777, 374
For footnotes, see p. 183.
STATISTICS OF INCOME
189
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax ^ — Continued
Total
number
of re-
turns
Returns showing net income
Returns showing no net
income ^
Number
of returns
showing
Year
Number
Net income
Tax 2
Number
Deficit
no income
data-
Inactive
corpora-
tions 3
NEW HAMPSHIRE
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1,074
1,121
1,175
1,198
1,183
1,227
1,322
1,349
1,396
1,345
750
704
758
715
754
767
803
707
587
$10, 783, 131
12, 673, 162
8, 535, 896
10, 261, 622
9, 293, 314
11,147,514
11,398,167
11,948,182
7, 455, 155
4, 165, 687
$1, 138, 995
1, 404, 078
929, 840
1, 168, 632
1, 064, 656
1, 240, 353
1, 167, 830
1,116,811
720, 031
362, 049
385
371
471
440
468
399
466
477
621
687
$6, 404, 849
2, 515, 780
4, 392, 440
5, 780, 378
8, 052, 167
6, 099, 329
11, 104, 022
4, 781, 862
11, 646, 670
8, 733, 026
NEW JERSEY
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
11, 762
13, 062
14, 229
15,151
17, 480
19, 143
20,509
21,885
22, 489
22, 967
892
120
580
494
413
783
310
646
945
449
$235, 261,
273, 897,
260, 526,
331, 624,
342, 090,
349, 484,
376, 247,
444, 894,
224, 871,
157,129,
$27, 150, 690
31, 254, 966
30, 688, 913
39, 208, 726
42, 830, 414
43, 336, 568
41, 171, 307
45, 680, 190
24, 074, 963
16,813,137
4,870
4,942
5,649
5,657
7,067
6,863
7,605
8,468
10, 711
12, 515
$49, 644, 019
63, 746, 530
59, 665, 611
55, 326, 204
67, 550, 666
83, 001, 929
85, 635, 488
136, 749, 363
238, 325, 954
441, 476, 716
1,497
1,594
1,771
1,833
2,003
NEW MEXICO
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
941
953
1,037
941
1,108
1,019
1,103
1,126
1,136
1,172
450
424
413
435
471
495
541
558
491
375
$3, 405, 536
2, 974, 836
2, 873, 952
3, 172, 807
3, 707, 875
3, 998, 320
4, 620, 555
4, 320, 225
2, 455, 485
1, 247, 468
$329, 732
269, 960
270, 885
311, 179
395, 119
417, 713
415, 303
353, 891
178, 817
67, 957
491
529
624
506
637
283
282
300
430
558
$3, 388, 856
2, 894, 045
3,441,216
2, 815, 352
3, 667, 859
2, 748, 105
2, 221, 217
2, 527, 200
3, 228, 122
4, 087, 675
241
280
268
215
239
NEW YORK
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
64, 862
69, 863
75,043
79, 414
89, 617
96, 949
103, 372
107, 300
111,100
110, 851
35, 504
40, 848
43, 406
46, 838
51, 424
53, 051
55,008
55,304
47, 674
39, 271
$1, 752, 190,
2, 156, 929,
2, 096, 541,
2, 598, 418,
2, 770, 885,
2, 545, 506,
3, 248, 916,
3, 646, 921,
2, 091, 540,
1, 216, 637,
$200,
248,
246,
322,
356,
324,
367,
383,
238,
135,
602, 150
108, 254
109, 308
979, 149
408, 976
572, 838
733, 278
110, 174
010, 215
401, 630
29,358
29,015
31, 637
32, 576
38, 193
36, 108
40, 062
43, 865
54, 627
62, 639
$541,
537,
520,
455,
517,
576,
573,
854,
1, 355,
1,918,
970, 527
455, 537
316, 060
798, 999
071, 252
624, 818
651, 985
292, 019
500, 331
458, 514
7,790
8,302
8,131
8,799
8,941
NORTH CAROLINA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
5,714
5,987
6,085
6,267
6,450
6,501
6,669
6,570
6,544
6,219
3,486
3,810
3,529
3,762
3,686
3,688
3,462
3,009
2,161
1,819
$99, 169,
107, 931,
83, 731,
106, 623,
102, 878,
114,607,
96, 562,
104,313,
73, 172,
71, 192,
$11,465,957
12, 502, 613
9,726,312
12, 821, 971
13, 016, 769
14, 146, 627
10, 769, 650
10, 862, 756
8, 333, 930
8, 148, 251
2,228
2,177
2,556
2,505
2,764
2,308
2,667
3,011
3,732
3,803
$9, 786, 038
11,655,029
19, 489, 850
14, 536, 347
22, 012, 600
16, 413, 483
20, 784, 146
25, 344, 075
36, 858, 968
40, 106, 981
505
540
550
651
597
For footnotes, see p. 183.
190
STATISTICS OF INCOME
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax i — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income 3
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
NORTH DAKOTA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
2,848
2,938
3,084
3,245
3,445
3,471
3,528
3,425
3,574
3,548
1,529
1,334
1,601
1,684
1,552
1,695
1,737
1,467
1,183
826
$4, 748, 221
3, 477, 845
5, 699, 606
7, 972, 051
6, 574, 165
5,411,978
5, 687, 850
4, 537, 607
2, 721, 265
1, 651, 353
$338, 363
215, 939
443, 397
547, 214
421, 660
399, 437
320, 818
251, 247
132, 594
94, 476
1,319
1,604
1,483
1,561
1,893
943
972
1,085
1,458
1,735
$4, 572, 992
5, 348, 250
4, 778, 668
3,982,311
4, 864, 782
3, 150, 030
3, 220, 329
3, 844, 972
4, 533, 020
6, 535, 693
OHIO
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
21, 390
22, 097
22, 754
23, 239
23, 475
24, 305
24,722
25, 173
25, 459
25, 462
12, 495
13, 758
13, 369
14, 266
14, 266
14, 020
14, 344
14, 299
10, 676
8,318
$419, 174, 756
538, 602, 037
442, 810, 151
564, 543, 064
530,119,098
505, 740, 230
589, 966, 142
687, 230, 541
301,339,374
170, 378, 376
$44, 710, 601
57, 442, 924
51, 129, 974
69, 182, 027
66,541,324
63, 487, 483
64, 775, 638
71, 392, 513
33, 041, 146
18, 223, 300
8,895
8,339
9,385
8,973
9,209
8,901
8,942
9,515
13, 365
15, 457
$144, 661, 602
118, 996, 299
144, 560, 904
153, 510, 940
113,122,321
132, 171, 607
123, 830, 483
153, 560, 559
250, 365, 035
391, 052, 207
OKLAHOMA
1922
5,750
5,709
5,729
5,608
5,835
6,132
6,456
6,671
6,944
6,558
2,701
2,615
2,929
3,141
3,299
3,271
3,512
3,649
2,948
1.717
$39, 456, 544
26, 788, 077
39, 221, 970
73, 912, 161
84, 300, 599
56, 608, 465
79, 233, 405
105, 607, 364
71, 297, 425
20,911,250
$3, 924, 253
2, 700, 605
3, 969, 267
8, 025, 171
10, 327, 122
6, 368, 039
8, 124, 164
9, 794, 658
7, 739, 213
2, 171, 005
3,049
3,094
2,800
2,467
2,536
2,090
2,177
2,169
3,073
4,054
$47, 004, 612
54, 042, 501
42, 571, 798
27, 331, 697
32, 927, 563
45, 640, 673
36, 289, 113
28, 448, 151
69, 417, 719
119,878,930
1923
1924
1925
1926
1927
771
1928
767
1929
853
1930.
923
1931
787
OREGON
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
5,134
5,301
5,647
5,850
6,144
6,350
6,673
6,863
7,012
2,399
2,592
2,733
2,910
3,003
3,028
3,131
3,105
2,590
1,910
$27, 892, 453
35, 418, 795
29, 088, 365
28, 652, 483
26, 867, 008
23, 694, 486
29, 384, 715
30, 026, 503
17, 009, 781
8, 936, 249
$3, 029, 367
3, 630, 726
3, 106, 610
3, 153, 701
2, 994, 717
2, 493, 716
2, 736, 918
2, 600, 773
1, 516, 892
768, 347
2,735
2,709
2,914
2,940
3,141
2,172
2,232
2,345
2,979
3,467
$20, 327, 675
14, 470, 563
40, 856, 244
16, 873, 653
21, 240, 211
21, 736, 061
18, 903, 685
20, 409, 805
37, 439, 083
43, 979, 303
PENNSYLVANIA
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
21, 354
22, 656
23, 429
23, 502
24,173
24, 883
25, 558
26, 357
26, 577
26, 448
12, 256
13, 478
12, 988
13, 569
13, 820
13, 193
13,370
13, 880
11,254
8,452
$683, 697, 493
902, 478, 647
730, 528, 286
891,119,486
941, 818, 944
806, 494, 048
905, 714, 567
1,060,023,187
565, 536, 120
249, 231, 149
$78, 956, 643
104, 619, 295
87,512,252
111,207,111
122, 361, 366
104, 134, 847
104, 000, 212
112, 112,600
64, 380, 325
27, 370, 867
9,098
9,178
10, 441
9,933
10, 353
9,330
9,665
9,795
12, 549
15, 183
$173, 995, 154
136, 776, 201
158, 156, 030
151,087,052
150, 306, 532
188,396,811
181,313,094
193, 501, 282
316, 422, 080
476, 652, 171
For footnotes, see p. 183.
STATISTICS OF INCOME
191
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax ' — Continued
Total
number
of re-
turns
Returns showing net income
Returns showing no net
income ^
Number
of returns
showing
Year
Number
Net income
Tax 2
Number
Deficit
no mcome
data-
Inactive
corpora-
tions 3
RHODE ISLAND
1922
2,237
2,353
2,455
2,503
2,566
2,688
2,871
2,964
3,068
3,127
1,250
1,441
1,310
1,419
1,368
1,536
1,628
1,650
1,370
1,217
$61, 613, 177
70, 428, 803
44, 861, 723
50, 375, 599
43, 395, 772
49, 045, 878
51, 732, 377
54, 487, 241
23, 344, 797
18, 183, 851
$7, 303, 249
8, 213, 788
5, 236, 749
6, 018, 592
5, 476, 879
5, 790, 707
5,585,311
5, 503, 588
2, 677, 226
1, 887, 304
987
912
1,145
1,084
1,198
947
1,000
1,067
1,450
1,655
$25, 541, 260
25, 344, 069
37, 321, 858
24, 129, 917
22, 640, 088
16, 193, 305
15, 106, 989
19, 730, 964
57, 782, 959
55, 366, 722
1923
1924
1925
1926
1927
205
1928-
243
1929 - .
247
1930..
248
1931
255
SOUTH CAROLINA
1922
4,006
4,171
4,104
3,924
3,822
3,713
3,817
3,759
3,626
3,610
2,027
2,368
2,111
2,158
1,768
1,768
1,710
1,597
1,229
980
$29, 325, 430
34, 067 477
14, 250, 797
20, 003, 470
15, 324, 801
24, 790, 792
17, 815, 740
16, 160, 909
6, 281, 234
6, 084, 009
$3, 019, 195
3, 369, 771
1, 372, 469
1, 912, 104
1,692,911
2, 693, 817
1, 804, 383
1, 464, 494
525, 487
539, 117
1,979
1,803
1,993
1,766
2,054
1,548
1,709
1,775
2,031
2,244
$9, 518, 405
7, 827, 952
12, 435, 208
12, 046, 959
12, 468, 188
8,612,131
9, 368, 341
11,462,544
25, 630, 017
18, 418, 696
1923
1924
1925
1926- .
1927 -
397
1928
398
1929
387
1930
366
1931-
386
SOUTH DAKOTA
1922 _
2,813
2,856
2,970
2,838
2,872
3,008
2,954
3,071
3,127
3,132
1,525
1,536
1,559
1,576
1,354
1,665
1,712
1,685
1,514
1, 093
$4, 559, 706
4, 222, 579
4, 792, 550
5, 257, 250
3, 436. 814
5, 230, 326
6, 229, 593
6, 295, 795
4, 845, 501
2, 240, 930
$313, 282
296, 618
355, 445
426, 159
256, 921
387, 136
394, 344
394, 531
293, 708
117,917
1,288
1,320
1,411
1,262
1, 518
704
677
816
998
1,361
$3, 703, 884
4, 062, 127
4, 022, 924
3, 357, 254
3, 926, 672
2, 893, 846
2, 336, 842
2, 783, 680
3,441,056
5, 022, 415
1923
1924
1925
1926
1927.--
639
1928. . -
565
1929 . .
570
1930
615
1931
678
TENNESSEE
1922...
4,906
4,860
5,100
4,801
4,955
5,039
5,213
5,338
5,408
5,312
3,005
3,084
3,074
3,047
3,047
3,054
3,039
3,032
2,463
1,832
$57, 724, 465
54, 321, 630
52, 089, 336
66, 906, 463
66, 926, 646
61, 403, 025
65, 892, 917
59, 532, 771
33,117,367
22, 969, 046
$6, 265, 767
5, 900, 220
5, 789, 104
7, 792, 719
8, 176, 829
7, 404, 893
7, 039, 468
5, 744, 440
3, 363, 850
2, 273, 944
1,901
1,776
2,026
1,754
1,908
1,577
1,747
1,852
2,483
3,007
$12, 750, 418
15, 591, 285
20, 990, 555
12, 677, 414
17, 420, 527
18,545,018
18, 068, 755
24, 702, 126
46, 887, 973
45, 251, 595
1923
1924
1925
1926 __._
1927
408
1928 . .
427
1929
454
1930
462
1931.
473
TEXAS
1922
9,591
10, 227
10, 787
11,245
11, 970
12, 930
14, 238
14, 552
15, 431
15, 225
5,497
6,273
6,815
6,890
7, 253
7,524
8,293
8,156
6,660
5,216
$94, 059, 389
102, 801, 770
150,501,590
206, 658, 194
199, 524, 527
142, 338, 038
173, 980, 186
189, 131, 653
97, 054, 498
45, 981, 355
$10, 466, 223
11,038,403
16, 819, 180
24, 862, 385
24, 863, 040
17,051,098
18, 441, 180
18, 193, 363
9, 738, 593
4, 310, 682
4,094
3,954
3,972
4,355
4,717
4,353
4,761
5,243
7, 362
8,582
$75, 424, 343
68,461,272
50, 576, 805
45, 913, 933
52, 191, 067
57, 302, 815
68,852,115
66, 898, 581
106, 850, 621
152,978,375
1923
1924 . .
1925
1926
1927..
1,053
1928
1,184
1929
1930
1,153
1,409
1931...
1,427
For footnotes, see p. 183.
192
STATISTICS OF INCOME
Table 19.— Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax ^ — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income s
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions '
UTAH
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
3,051
3,045
3,096
3,120
3,083
3,125
3,508
3,245
3,301
3,135
1,349
1,468
1,483
1,635
1,537
1,589
1,712
1,646
1,392
977
$16,
22,
19,
21,
18,
17,
20,
19,
11,
5.
$1, 473, 985
1, 833, 488
2,098,811
2,431,578
2, 182, 905
1,951,660
2, 003, 533
1, 813, 568
1, 054, 956
425, 943
1,702
1,577
1,613
1,485
1,546
913
932
888
1,173
1,516
$9, 401, 418
8, 137, 648
7, 727, 188
9, 698, 262
9, 894, 309
9, 636, 529
8, 750, 964
8, 581, 567
14, 324, 989
18, 046, 476
VERMONT
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1,036
1,038
1,060
1,088
1,096
1,089
1,112
1,120
1,120
1,169
682
765
683
708
699
683
724
704
572
420
$9, 245, 945
12, 163, 457
9, 133, 396
10, 237, 937
10, 429, 322
9, 926, 674
10, 314, 266
10, 254, 689
5, 287, 457
1, 932, 563
$972, 216
354
1, 261, 188
283
1, Oil, 271
377
1, 218, 235
380
1, 230, 132
397
1, 164, 237
348
1, 038, 308
342
962, 763
357
491, 254
492
154, 727
693
$3, 626, 931
2, 983, 699
3, 774, 774
3, 469, 910
4, 178, 051
5,571,051
4, 597, 934
9, 641, 572
6, 215, 430
7, 792, 247
VIRGINIA
1922
1923
1924
1925,
1926
1927
1928
1929.
1930.
1931.
5, 643
3,268
5, 957
3,711
6,018
3,675
6,214
3,834
6,358
3,795
6,485
3,795
6,785
3,835
7,168
3,837
7,139
3,241
7,071
2,730
$83, 014, 730
94, 500, 115
82, 086, 981
112,238,006
136, 868, 624
123, 647, 900
118, 504, 599
132, 956, 424
110,674,829
76, 746, 389
$9, 534, 323
2,376
10,836,110
2,246
9, 392, 478
2,343
13, 405, 461
2,380
17, 283, 674
2,563
16, 770, 468
2,137
13, 166, 376
2,337
13,793,936
2,613
12, 519, 433
3,186
8, 662, 031
3,661
$25, 666, 918
27, 636, 063
27, 703, 922
38, 639, 838
17, 389, 272
22, 530, 747
18, 790, 382
22, 534, 628
44, 413, 507
50, 869, 659
WASHINGTON
1922.
1923.
1924.
1925.
1926.
1927.
1928,
1929
1030
1931
9,802
4,327
9,786
4,884
10,095
4,856
10, 191
5,259
10, 748
6,305
10, 977
5,366
11,847
6,874
12, 169
5,924
12,709
4,934
13,091
3,916
$59, 864, 574
83, 737, 488
64, 809, 168
63, 838, 646
63, 300, 611
62, 700, 449
76, 391, 047
76, 230, 227
31, 491, 683
17, 607, 970
^6, 195, 157
6,476
8, 999, 412
4,902
5, 850, 662
6,240
7, 122, 278
4,932
7, 285, 819
5,443
7, 222, 231
3,748
7, 419, 216
3,799
6, 985, 766
4,058
2, 685, 657
5,306
1, 396, 607
6,388
$31,441,777
26, 603, 063
31, 770, 309
29, 367, 037
33, 603, 266
33, 997, 344
31, 004, 392
31, 683, 927
57, 361, 262
83, 322, 824
WEST VIRGINIA
1922.
1923.
1924.
1925
1926
1927
1928
1929
1930
1931
4,848
2,962
5,062
3,088
5,366
2,818
6,205
2,843
6,142
3,000
5,239
2,928
5,145
2,773
5,173
2,873
6,101
2,477
4,953
1,900
$71, 767, 773
73, 477, 884
60, 065, 172
64, 625, 291
76,151,591
57, 023, 969
51, 922, 822
59, 046, 703
27, 487, 239
16, 445, 207
$7, 871, 828
8, 344, 075
6, 635, 627
7, 632, 661
9, 415, 061
6, 995, 769
5, 445, 406
5, 757, Oil
2, 646, 573
1, 586, 022
1,886
1,974
2,548
2,362
2,142
1,825
1,910
1,843
2,108
2,608
$13, 846, 191
20, 016, 457
28, 027, 542
23, 393, 066
18, 899, 981
23, 073, 304
19, 963, 689
17, 257, 822
21, 379, 803
38, 960, 365
For footnotes, see p. 183.
STATISTICS OF INCOME
193
Table 19. — Corporation returns for 1922 to 1931 by States and Territories, showing
for returns with net income, no net income, and no income data, the number of
returns, net income or deficit, and tax i — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax 2
Returns showing no net
income ^
Number
Deficit
WISCONSIN
Number
of returns
showing
no income
data —
Inactive
corpora-
tions 9
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
12, 596
12, 797
13,144
13, 489
13, 827
14, 456
15, 393
15, 836
16,009
16,311
7,127
7,881
7,679
8,141
8,253
8,567
8,828
8,810
6,777
5,199
$129, 878, 747
150, 217, 630
132, 284, 875
171, 192, 887
187, 043, 641
185, 418, 099
184, 569, 354
198, 397, 599
103, 139. 633
50, 205, 168
$14, 204, 878
5,469
16, 386, 929
4,916
15, 113, 200
5,465
20, 325, 149
5,348
23, 192, 758
5,574
23, 117, 908
4,172
20, 122, 264
4,681
19, 928, 164
5,079
10, 920, 503
7,234
5, 100, 251
9,067
$45, 799, 114
37, 604, 961
36, 919, 635
35, 078, 061
36, 632, 012
39, 756, 032
45, 955, 101
47, 430, 472
73, 340, 050
109, 487, 196
1,717
1,884
1,947
1,998
2,045
WYOMING
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1,661
1,636
1,527
1,451
1,418
1,402
1,441
1,468
1,440
1,416
710
747
761
789
776
788
881
798
721
580
$4, 959, 118
5, 322, 717
4,411,941
8, 187, 858
5, 232, 669
4, 920, 111
5, 737, 269
3, 975, 846
3, 065, 778
1, 701, 367
$465, 724
612, 562
391,311
884, 463
533, 681
491, 747
456, 749
262, 169
202, 889
91, 161
766
662
642
413
364
450
492
634
$6,000,804
5, 656, 767
5, 329, 329
3, 865, 360
3, 569, 376
3, 856, 435
2, 677, 567
3, 690, 718
3, 991, 481
4,873,959
201
196
220
227
202
For footnotes, see p. 183.
REVENUE ACTS OF 1909 TO 1932
SYNOPSIS OF
INCOME- AND PROFITS-TAX RATES
ESTATE-TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA IN
"STATISTICS OF INCOME"
195
REVENUE ACTS OF 1909 TO 1932, SYNOPSIS OF INCOME- AND PROFITS-TAX
RATES, ESTATE-TAX RATES, CREDITS, AND EXEMPTIONS AFFECTING
THE COMPARABILITY OF DATA IN " STATISTICS OF INCOME "
INDIVIDUALS
A. Individuals required to file returns, personal exemption, credit
for dependents, and normal tax rates, under the Revenue Acts of 1913
to 1932, inclusive.
B. Individual surtax rates under the Revenue Acts of 1913 to 1932,
inclusive.
C. Individual supplemental income-tax rates and tax credits, under
the Revenue Acts of 1917 to 1932, inclusive.
CORPORATIONS
D. Corporation income- and profits- tax rates, exemptions, and
credits, under the Revenue Acts of 1909 to 1932, inclusive.
ESTATES
E. Federal estate-tax rates, specific exemption, and credits against
estate tax, under the Revenue Acts of 1916 to 1932, inclusive.
197
198
STATISTICS OF INCOME
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STATISTICS OF INCOME 199
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200
STATISTICS OF INCOME
B. — Individual surtax rates under the
Net income
Act of 1913 on in-
Act of 1918 on in-
comes for 1918,
1919, and 1920, and
act of 1921 on in-
comes
for Mar.
Act of 1916 on in-
Act of 1917 on in-
Exceed-
Not ex-
1, 1913
1915
-Dec. 31,
comes for 1916
comes
for 1917
ing
ceeding
comes for 1921
Rate
Total
Rate
Total
Rate
Total
Rate
Total
Thousand
s of dollars
{percent)
surtax
{percent)
surtax
{percent)
surtax
{percent)
surtax
5
6
1
$10
1
$10
6
7.5
8
10
12
12.5
13
14
15
16
18
20
22
1
2
2
3
3
4
4
4
5
5
5
8
25
35
75
136
160
170
210
250
300
400
600
660
2
2
3
4
5
5
5
6
6
7
8
9
40
50
110
190
215
240
290
350
410
550
710
890
7.5
8
10
12
12.5
13
14
15
16
18
20
$20"
$20'
22
24
40
40
8
820
10
1,090
24
26
60
60
8
980
11
1,310
26
28
80
80
8
1,140
12
1,550
28
30
100
100
8
1,300
13
1,810
30
32
120
120
8
1,460
14
2,090
32
34
140
140
8
1,620
15
2,390
34
36
160
160
8
1,780
16
2,710
36
38
180
180
8
1,940
17
3,050
38
40
200
200
8
2,100
18
3,410
40
42
220
2
240
12
2,340
19
3,790
42
44
240
2
280
12
2,680
20
4,190
44
46
260
2
320
12
2,820
21
4,610
46
48
280
2
360
12
3,060
22
5,060
48
50
300
2
400
12
3,300
23
5,510
50
52
2
340
2
440
12
3,540
24
5,990
52
54
2
380
2
480
12
3,780
26
6,490
54
56
2
420
2
520
12
4,020
26
7,010
56
58
2
460
2
560
12
4,260
27
7,550
58
60
2
500
2
600
12
4,600
28
8, 110
60
62
2
540
3
660
17
4,840
29
8,690
62
64
2
580
3
720
17
6,180
30
9,290
64
66
2
620
3
780
17
5,620
31
9,910
66
68
2
660
3
840
17
6,860
32
10, 550
68
70
2
700
3
900
17
6,200
33
11,210
70
72
2
740
3
960
17
6,640
34
11,890
72
74
2
780
3
1,020
17
6,880
35
12, 590
74
75
2
800
3
1,050
17
7,060
36
12,950
75
76
3
830
3
1,080
17
7,220
36
13, 310
76
78
3
890
3
1,140
17
7,660
37
14, 050
78
80
3
950
3
1,200
17
7,900
38
14, 810
80
82
3
1,010
4
1,280
22
8,340
39
15, 590
82
84
3
1,070
4
1,360
22
8,780
40
16, 390
84
86
3
1,130
4
1,440
22
9,220
41
17, 210
86
88
3
1,190
4
1,520
22
9,660
42
18, 050
88
90
3
1,250
4
1,600
22
10, 100
43
18, 910
90
92
3
1,310
4
1,680
22
10, 540
44
19, 790
92
94
3
1,370
4
1,760
22
10, 980
45
20, 690
94
96
3
1,430
4
1,840
22
11, 420
46
21, 610
96
98
3
1,490
4
1,920
22
11,860
47
22, 550
98
100
3
1,550
4
2,000
22
12,300
48
23, 510
100
150
4
3,550
5
4,500
27
26, 800
52
49, 510
150
200
4
5,550
6
7,500
31
41, 300
56
77, 510
200
250
4
7,650
7
11, 000
37
59, 800
60
107, 510
260
300
5
10, 060
8
15, 000
42
80, 800
60
137, 510
300
400
5
15, 060
9
24, 000
46
126, 800
63
200, 510
400
500
5
20, 060
9
33, 000
46
172, 800
63
263, 510
500
750
6
35, 060
10
58, 000
50
297, 800
64
423, 510
750
1,000
6
50, 060
10
83, 000
55
435, 300
64
683, 510
1,000
1,500
6
80, 060
11
138, 000
61
740, 300
65
908, 510
1,500
2,000
6
110,050
12
198, 000
62
1, 060, 300
65
1, 233, 610
2,000
6
13
63
65
STATISTICS OF INCOME
Revenue Acts of 1913 to 1932, inclusive
201
Net income
Act of 1926 on in-
Act of 1921 on in-
comes for 1922
and 1923 1
Act of 1924 on in-
comes for 1924
comes for 1925,
1926, and 1927,
and act of 1928 on
incomes for 1928,
Act of 1'
comes
Exceed-
Not ex-
)32 on in-
for 1932
ing
ceeding
1929, 1930, and
1931
Rate
Total
Rate
Total
Rate
Total
Rate
Total
Thousand.
5
of dollars
6
{percent)
surtax
{percent)
surtax
{percent)
surtax
{percent)
surtax
6
7.5
8
7 5
i"
$15'
' i"
$15
10
1
1
20
40
1
1
20
40
10
12
2
80
r
' $20'
'" i"
$20'
2
80
12
12.5
3
95
1
25
1
. 25
3
95
12.5
13
3
110
1
30
1
30
3
110
13
14
3
140
1
40
1
40
3
140
14
15
4
180
2
60
2
60
4
180
15
16
4
220
2
80
2
80
4
220
16
18
5
320
3
140
3
140
5
320
18
20
6
440
4
220
4
220
6
440
20
22
8
600
5
320
5
320
8
600
22
24
9
780
6
440
6
440
9
780
24
26
10
980
7
580
7
580
10
980
26
28
11
1,200
8
740
7
720
11
1,200
28
30
12
1,440
9
920
8
880
12
1,440
30
32
13
1,700
10
1,120
8
1,040
13
1,700
32
34
15
2,000
10
1,320
9
1,220
15
2,000
34
36
15
2,300
11
1,540
9
1,400
15
2,300
36
38
16
2,620
12
1,780
10
1,600
16
2,620
38
40
17
2,960
13
2,040
10
1,800
17
2,960
40
42
18
3,320
13
2,300
11
2,020
18
3,320
42
44
19
3,700
14
2,580
11
2,240
19
3,700
44
46
20
4,100
15
2,880
12
2,480
20
4,100
46-
48
21
4,520
16
3,200
12
2,720
21
4,520
48
50
22
4,960
17
3,540
13
2,980
22
4,960
50
52
23
5,420
18
3,900
13
3,240
23
5,420
52
54
24
5,900
19
4,280
14
3,520
24
5,900
54
56
25
6,400
19
4,660
14
3,800
25
6,400
56
58
26
6,920
20
5,060
15
4,100
26
6,920
58
60
27
7,460
21
5,480
15
4,400
27
7,460
60
62
28
8,020
21
5,900
16
4,720
28
8,020
62
64
29
8,600
22
6,340
16
5,040
29
8,600
64
66
30
9,200
23
6,800
17
5,380
30
9,200
66
68
31
9,820
24
7,280
17
5,720
31
9,820
68
70
32
10, 460
25
7,780
17
6,060
32
10, 460
70
72
33
11, 120
26
8,300
18
6,420
33
11, 120
72
74
34
11, 800
26
8,820
18
6,780
34
11, 800
74
75
35
12, 150
27
9,090
18
6,960
35
12, 150
75
76
35
12, 500
27
9,360
18
7,140
35
12, 500
76
78
36
13, 220
28
9,920
18
7,500
36
13, 220
78
80
37
13, 960
28
10, 480
18
7,860
37
13, 960
80
82
38
14, 720
29
11,060
19
8,240
38
14, 720
82
84
39
15, 500
30
11, 660
19
8,620
39
15, 500
84
86
40
16, 300
31
12, 280
19
9,000
40
16, 300
86
88
41
17, 120
31
12, 900
19
9,380
41
17, 120
88
90
42
17, 960
32
13, 540
19
9,760
42
17, 960
90
92
43
18, 820
33
14, 200
19
10, 140
43
18, 820
92
94
44
19, 700
34
14, 880
19
10, 520
44
19, 700
94
96
45
20, 600
35
15, 580
19
10,900
45
20, 600
96
98
46
21, 520
36
16, 300
19
11, 280
46
21, 520
98
100
47
22, 460
36
17, 020
19
11, 660
47
22, 460
100
150
48
46, 460
37
35, 520
20
21, 660
48
46, 460
150
200
49
70, 960
37
54, 020
20
31, 660
49
70, 960
200
250
50
95, 960
38
73, 020
20
41, 660
50
95, 960
250
300
50
120, 960
38
92, 020
20
51, 660
50
120,960
300
400
50
170, 960
39
131, 020
20
71, 660
51
171, 960
400
500
50
220, 960
39
170, 020
20
91, 660
52
223, 960
500
750
50
345, 960
40
270, 020
20
141, 660
53
356, 460
750
1,000
50
470, 960
40
370, 020
20
191, 660
54
491, 460
1,000
1,500
50
720, 960
40
570, 020
20
291, 660
55
766, 460
1,500
2,000
50
970, 960
40
770, 020
20
391, 660
55
1, 041, 4C0
2,000
50
40
20
55
' Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.
202
STATISTICS OF INCOME
Eh
ScQ'k
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00 .-1 .-H
STATISTICS or INCOME
203
Amount paid or
accrued.*
Do.
Do.
Do.
Do.7
25 percent of normal tax on
earned net income. (Can-
not exceed 25 percent of
normal tax on ordinary
net income.)
25 percent of total tax on
earned net income. (Can
not exceed the sum of 25
percent of normal tax on
ordinary net income and 25
percent of surtax on earned
net income.)
do_
All net income up to
$5,000 whether earn-
ed or not, and up to
$10,000 if earned.
All net income up to
$5,000 whether
earned or not, and
up to $20,000 if
earned.
All net income up to
$5,000 whether
earned or not, and
up to $30,000 if
earned.
Capital net loss may be re-
ported apart from ordi-
nary net income and a
tax credit of 12J^ percent
of the capital net loss
taken, if the tax thus pro-
duced is not less than the
tax would be if the capital
net loss were deducted
from ordinary net income.
Same as 1924 act
do
do
Taxpayer may elect to be
taxed at 12}^ percent on
capital net gain, provided,
that the total tax, includ-
ing the tax on capital net
gain, is not less than 12H
percent of the total net
income. (Loss in ordi-
nary net income cannot
be deducted from capital
net gain.)
Taxpayer may elect to be
taxed at 123'^ percent on
capital net gain if the tax
would be greater than 123/2
percent by including
capital net gain in ordi-
nary net income. (Loss
in ordinary net income
may be deducted from
capital net gain and the
balance taxed at 12J^ per-
cent.)
Same as 1924 act
do
do
1922,19236
1924
1925, 1926,
1927
1928, 1929,
1930, 1931
1932
1921
1924
1926
1928
1932
s.si
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2 3 ca
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■0 £ >^'
O— £ "I'
™ 3 a".
J2 ® »
Is .^|.a^£§
oggo^fe^g,*
«"3*-5t^£^£
i^j::*^ 3 3-0 St2
? *^ » .Q » -g <^ p §
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177160—34 14
204
STATISTICS OF INCOME
D. — Corporation income and profits tax rates, exemptions, and
Income
Ex-
emp-
Income tax
Excess-profits tax
Revenue act
to o
^
year
tion
Taxable income
Credit
Amount subject to
C3 «
Ks;
tax
«fe
ft
ft
1909 (excise
1909 to
Feb. 28,
$5, 000
All net income ^
in excess of ex-
1
tax) (Aug.
5, 1909).
1913.
emption.
1913 (Oct. 3,
Mar. 1,
1913, to
None.
All net income
1
1913).
Dec. 31,
1915.
1916 (Sept.
8, 19 16;
1916
None.
do -
2
'$3^000 '"plusf'An'
amended
amount equal to
Mar.3,1917,
the same per-
and Oct. 3.
centage of in vest-
1917).
ed capital * for
1917 (Oct. 3,
1917
None.
Dividends out of
1
the taxable year
Net income equal
20
1917).
earnings from
Mar. 1, 1913, to
Dec. 31, 1915.
as the average
annual pre-war
income was of
to 15 percent of
invested capital
less credit.
Net income in ex-
2
pre-war invested
Net income in ex-
25
cess of the sum of
capital (not less
cess of 15 per
(1) excess-profits
than 7 percent
cent but not in
tax for tlie cur-
nor more than
excess of 20 per-
rent year, and
9 percent); or if
cent of invested
(2) dividends
corporation was
capital.
received out of
not in existence
Net income in ex-
35
earnings from
during at least 1
cess of 20 per-
Mar. 1, 1913, to
whole year of
cent but not in
Dec. 31. 1915.
the pre-war pe-
excess of 25 per-
Net income in ex-
4
riod, 8 percent
cent of invested
cess of the sum
of invested cap-
capital.
of (1) excess prof-
ital for taxable
Net income in ex-
45
its tax for the
year; or if during
cess of 25 per-
current year, and
pre-war period,
cent but not in
(2) dividends re-
corporation had
excess of 33 per-
ceived out of
either no net in-
cent of invested
earnings from
come or a very
capital.
Mar. 1, 1913, to
small net income
Net income in ex-
60
Dec. 31, 1917.
or if invested
capital cannot
be determined,
same percent as
that of repre-
sentative corpo-
rations. (See
sec. 210, Reve-
V nue Act of 1917.)
cess of 33 per-
cent of invested
capital.
' .A.11 corporations are required to file returns regardless of amount of net income or loss, except those
specifically exempt, such as mutual, cooperative, fraternal, civic, charitable, scientific, etc., not operating
for profit. Under the Revenue Act of 1909, corporations were required to file returns on a calendar year
basis; under subsequent revenue acts corporations were permitted to file returns on a fiscal year basis,
other than the calendar year; except that under the act of 1921 and subsequent acts, life insurance com-
panies were required to file on a calendar year basis in accordance with the State laws regulating insurance
companies. Foreign corporations are required to file income tax returns for all income derived from sources
within the United States regardless of amount. From Jan. 1, 1918, to Dec. 31, 1921, personal service cor-
porations were treated as partnerships. Prior and subsequent to said dates, such corporations were taxed
as other corporations.
2 Net income means "statutory " net income, i.e., the excess of gross income over deductions as defined in
the various revenue acts. Foreign corporations report only net income from sources within the United
States; for 1921 and subsequent years domestic corporations deriving a large portion of their gross income
from sources within a possession of the United States report only income from sources within the United
States or income from sources within or without the United States received within the United States (see
sec. 262 (b) ol the Revenue Acts of 1921, 1924, and 1926 and sec. 251 (b) of the Revenue Acts of 1928 and 1932).
Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a
reasonable amount in business deductions for 1918, 1919, 1920, and 1921.
(6) Dividends on stock of domestic corporations (other than those deriving a large portion of their gross
income from sources within a possession of the United States, 1921 and subsequent years, and other than
China Trade Act corporations, 1922 and sub.sefiuent years, and other than corporations exempt from tax for
1932 and subsequent year.s) were entirely tax exempt under the Revenue Acts of 1909, 1918, and subsequent
years, as well as dividends on stock of foreign corporations receiving a certain amount of income from sources
within the United States under the Revenue Acts of 1909, 1918, and subsequent years.
STATISTICS OF INCOME
205
credits, under the Revenue Acts of 1909 to 1932, inclusive ^
War-profits tax
Credit
Amount
subject to
tax
Rate (per-
cent)
Tax on income from Government
contracts
Ex-
emp-
tion
Amount sub-
ject to tax
Rate (per-
cent)
Tax credit for
income and
profits taxes
paid to foreign
countries or
United States
possessions
For 1917 and
prior years,
income and
profits taxes
paid to foreign
countries or
United States
possessions
were not al-
lowed as a tax
credit, but were
included in
general deduc-
tions from gross
income, except
that taxes paid
to foreign coun-
tries were not
allowed to for-
eign corpora-
tions.
(c) Losses sustained during a taxable year and not compensated for by insurance or otherwise, are entirely
deductible, except that for 1932 and subsequent years losses from sales or exchanges of stocks or bonds (other
than capital assets and other than bonds issued by a government or political subdivision thereof) are
allowed only to the extent of the gains from such sales or exchanges.
(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the
taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior to Jan.
1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the preceding
year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the net
income for the preceding year the amount of such excess is to be deducted from the net income of the suc-
ceeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year begin-
ning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if such
net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the
next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and succeeding
years shall be allowed as a deduction in computing net income for one succeeding taxable year only.
(e) For insurance companies, see special provisions in the various revenue acts.
3 The $3,000 credit not allowable to foreign corporations.
* Invested capital within the meaning of the statute is the capital actually paid in to the corporation by
the stockholders, including surplus and undivided profits (exclusive of that for the current year), stocks,
bonds, and other obligations (other than obligations of the United States) the dividends or interest from
which are not included in computing net income, and excluding inadmissible assets. (See art. 831 of Regu-
lations 45, relating to the Revenue Act of 1918.) For 1917, foreign corporations reported that proportion of
invested capital which net income from sources within the United States was of the entire net income.
For the years 1918 to 1921, inclusive, it was not necessary for foreign corporations to report invested capital,
and for the year 1921 it was not necessarv for corporations deriving a large portion of their gross income
from sources within a possession of the United States to report invested capital. (See note, 2, next page.)
206
STATISTICS OF INCOME
D. — Corporation income and profits tax rates, exemptions, and
Income ta.x
Excess-profits tax 2
Income
year
Ex-
emp-
tion'
Revenue act
Taxable income
a; C
Credit
Amount subject to
aj a
a
«R
^-^
30
1918 (Feb. 24,
1918 -
$2,000
Net income in ex-
12
$3,000 * plus 8 per-
Net income equal
1919).
cess of the sum
of: the e.xemp-
tion, excess prof-
cent of the in-
vested capital
for the taxable
to 20 percent
of invested capi-
tal less credit.
its and war-prof-
year.2
Net income in ex-
6,")
its taxes for cur-
cess of 20 per-
rent year, and
cent of invested
interest received
capital.
on United States
obligations is-
sued after Sept.
1, 1917.
1919, 1920_
2,000
Net income in ex-
cess of the sum
10
do
Net income equal
to 20 percent of
20
of: the exemp-
invested capital
tion, excess-prof-
less credit.
its tax for cur-
Net income in ex-
40
rent year, excess-
cess of 20 per-
profits and war-
cent of invested
profits taxes on
capital.
income from
Government
contracts, and
interest received
on United States
obligations is-
sued after Sept.
1, 1917, and War
Finance Corpo-
ration bonds not
exempt,
do
1921 (Nov. 23.)
1921
2,000
10
do.'
do
1922, 1923-
2,000
Net income in ex-
cess of exemp-
12H
tion.'
1924 (June 2.)
1924
2,000
do
121.6
1926 (Feb. 26.)
1925
2,000
do
10 13
1926, 1927
2,000
do
" 13i/i
1928 (May 29.)
1928
3,000
do
12
1929
3,000
do
11 11
1930
1931-
3,000
3,000
do
do
12
12
1932 (June 0.)
1932
None
All net income
2 13%
1 Exemption allowable to domestic corporations with net income of $25,000 or less for 1921 to 1931, inclu-
sive, except domestic corporations deriving a large portion of theu- gross income from sources within a
possession of the United States for 1928 and subsequent years; not allowable to foreign corporations for
1918 and subsequent years.
2 For the years 1918 to 1921, inclusive, the war-profits and excess-profits tax of foreign corporations, and for
1921, the war-profits and excess-profits tax of corporations deriving a large portion of their gross income from
sources within a possession of the United States is computed by comparison with representative corpora-
tions whose invested capital can be satisfactorily determined and which are engaged in a like or similar
trade or business and similarly circumstanced (see sec. 328, Revenue Acts of 1918 and 1921). See note 4,
preceding page.
3 Foreign corporations were not allowed to deduct income taxes paid to foreign countries either as a tax
credit or in general deductions for the years 1918, 1919, and 1920. Beginning with 1921, the credit cannot
exceed the proportion of the total tax against which the credit is talcen that the taxpayer's net income from
sources without the United States hears to the entire net income. This credit does not apply to foreign
corporations or to domestic corporations deriving a large portion of their gross income from sources within
a possession of the United States, but to such corporations these taxes are allowable as a deduction from
gross income if imposed upon income from sources within the United States. For the years 1921 to 1931,
inclusive, the amount of taxes paid to foreign countries or United States possessions in excess of that de-
ducted as a lax credit is permitted to be included in deductions against gross income. See note 13.
* The $3,000 credit not allowable to foreign corporations for 1918 and subsequent years.
5 The $3,000 credit not allowable to foreign cori)orations.
8 If corporation was not in existence during the whole of at least 1 calendar year during the pre-war
period, the credit (with certain exceptions) shall be the sum of $3,000 and an amount equal to the same
percentage of invested capital for the taxable year as the average percentage of net income to invested
capital for the pre-war period of representative corporations; but such amount shall in no case be less than
10 percent of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918.)
' The $3,000 credit not allowable to domestic corporations deriving a large portion of their gross income
from sources within a possession of the United States.
STATISTICS OF INCOME
207
credits, under the Revenue Acts of 1909 to 1932, inclusive — Continued
War-profits tax 2
Tax on income from Government
contracts
Tax credit for
income and
profits taxes
Credit
Amount
subject to
tax
Rate (per-
cent)
Ex-
emp-
tion
Amount sub-
ject to tax
Rate (per-
cent)
paid to foreign
countries or
United States
possessions'
$3,000 5 plus either
an amoimt equal
to the average
prewar net in-
come plus or min-
us 10 percent of
the increase or
decrease of in-
vested capital for
the taxable year
as compared with
average prewar
invested capital,
or 10 percent of
the invested cap-
ital for the tax-
able year, which-
ever is greater. «
Net in-
come in
excess
of war-
profits
credits.
80 (less
amount
of excess-
profits
tax).
Amount paid or
$10, 000
10,000
Amount in ex-
cessof$10,000
derived from
Government
contracts
made be-
tween Apr.
6. 1917, and
Nov. 11,
1918.
... do
Excess -prof-
its and war-
profits tax
rates of 1918
act.
.... do -
accrued.
Do.
Do. 3
Do.«
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do. 13
* Not allowable to China Trade Act corporations for 1922 and subsequent years.
» For 1922 and subsequent years corporations are allowed, as a credit against net income, the amount
received as interest upon obligations of the United States which is included in gross income (e.g., see sec.
236 (a), Revenue Act of 1924). For 1922 and subsequent years China Trade Act corporations are entitled
to a specific credit. (See sec. 264 (a), China Trade Act, 1922.)
'" Income of insurance companies, exclusive of mutual companies other than life, taxable at 12J-2 percent.
'1 See Joint Resolution No. 133, 71st Congress, reducing rates of income tax for the calendar year 1929.
'2 The rate of tax on consolidated returns for 1932 is \i\'2 percent.
'3 For 1932 and subsequent years the taxpayer may elect to deduct the taxes paid to foreign countries or
United States possessions (with certain limitations) from the total tax liability, or to include the entire
amount of the taxes paid to foreign countries or United States possessions in deductions against gross income.
(See sec. 131, Revenue Act of 1932.)
Note.— For the year 1917 there was also a tax of 10 percent upon that portion of the total net income
remaining undistributed 6 months after the close of the taxable year, in excess of the income actually
employed in the business, or invested in obligations of the United States issued after Sept. 1, 1917.
For the years 1918 to 1920, inclusive, a corporation that permitted an unreasonable accumulation of profits
was not subject to the ordinary corporation income tax but the individual stockholders were taxed upon
their proportionate shares of its net income in the same manner as the members of a partnership or a per-
sonal service corporation.
For the years 1921 to 1923, inclusive, an additional tax of 25 percent was imposed upon the taxable net
income of a corporation where it was shown that there had been an evasion of surtax as the result of an
unreasonable accumulation of profits. This additional tax was increased to 50 percent for 1924 and subse-
quent years, with the provision for 1926 and subsequent years that the 50 percent additional tax shall not
apply if all the shareholders of the corporation include in their gross income their entire distributive
shares, whether distributed or not, of the net income of the corporation for such year.
208
STATISTICS OF INCOME
a
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STATISTICS OF INCOME
209
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INCOME-TAX FORMS
211
FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS
FOR 1931 USED IN PREPARING "STATISTICS OF INCOME"
Form 1040. Individual income-tax return for net incomes from
salaries or wages of more than $5,000, or incomes, regardless of
amount, from business, profession, rents, or sale of property.
Form 1040A. Individual income-tax return for net incomes of not
more than $5,000 derived chiefly from salaries and wages.
Form 1120. Corporation income-tax return.
Form 1120L. Life insurance company income-tax return for com-
panies issuing life and annuity contracts, including combined life,
health, and accident insurance.
213
214
STATISTICS OF INCOME
T R E A SU R°^ E^PA RTM ENT
IjlIEJUtiL RETKNCt 6l«VlCi:
INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES FROM SALARIES OR fl AGES OF MORE THAN $5,003
AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERT\'
For Calendar Year 1931
FJe ■nji Rcton W;ih Uio Co!l«tlM ol Inlemal RcTenjo Ijr Yo-ji DijUiit on or Cclore Kirdi IS, I9S2
Do No( Write in Thete Spun
(Auditor'. St>mp)
File
Scru!
Ntjinber _
C:jlmt
INam.)
(C.hl.,-. EUmp)
(SirMl Bod nuajbT. Of mrai roiiU)
<ros: office) ICoiunFJ i^nri)
1. Are you a citizeo or resident
of the Uoited Stales?
2. If you filed a return for 1930, to
%shat Collector's office was it sent?..
3. Is this a joint return
of husband and wife? _ .
4.. State name of husband or wife if a
teparate return was made and the
Collector's oflice where it was sent...
5. Were you married and living v.ith husband
or wife on the last day of your taxable year.' — .
0. If Dot, were you on the lof t day of your taxcblo >car Eupporting
in your household one or mere persons closely related to yoi:? —
7. If your status in respect to questions 5 and G changed
during the year, state date and nature of change —
8. How many dependent persons (other than husband or wife) under
IS years of age or incapable of self-support were receiving their
chief Fupport from you on the last da y of your taxable year?.....
1. Salaries. Wages, Con
2. Income from Eusiness or Profession, (rron BcbeUuio a) _
3. Interest on Bank Dcjwsits, Notes, Corporation Bonds, etc. (except interest on tax-free COveDaDt bonds)..
4. Interest on Ta:^-frce Covenant Bonds Upon Which a Tax was Paid at Source.
fi. Income from Partnerships. (State n»nje and addrea;) ,
7. Rents and Royalties. (From Schedules) _ _
8. Profit from Sale of Real Estate, Stocks, Bonds, etc. (PrmaScheduJaC) „
9. Taxable Interest on Liberty Bonds, etc. (PYomScbwJiJeE)
10. Dividends on Stock of Domestic Corporaiionfl _ _
11. Other Income (including dividends on stock of foreign corporations). (StatAnaiureoru:
(a) ,
12.
Total Incoiu: i
11..
DEDUCTIONS
13. Interest Paid „ „..
H. Ta^fCs Paid. (EjplajQlaEchcduloF) _
15. Losses by Fire, Storm, etc. (EiplainlnTablestloctof iw^o:)
IG. Bad Debts. (Eiph[nlnEcliedol«F).„ _
17. Contributions. (Eipbin ta Bchwlule F) ™.„
18. Other Deductions Authorized by Law. (Etplalatii Schedule F)..
19. Total Dedcctions in Iteus 13 to IS-
20 Net Ivcome (Item 12 minus Item 19)
EARNED INCOME CREDIT
COMPUTATION OF TAX (See instruction 23)
21. Earned Income (not over S30.000)
22. Less Personal Exemption and
Credit for Dependents
$4,000)
25. Amount taNablc at Z7o (not over
$4,000)
26. Amount taxable at 5% (balance
over $3,000 of Item 23) „..
33. Net Incom
34. Liberty' Bond I
27. Normal Tax {lH% of Item 24) ...]$...
28. Normal Tax (3% of Item 25)...
29. Normal Tax (5% of Item 26).™
nee (Item 33 u
unt taxable at
cr S4,000)
! (total
3 27 to 30) $..
41. Balance (Item 29 minus 40) ...
42. Amount taxable at 3% (not
over$4,000)_
43. Amount taxable at 5% (Item
44. Normal Tax ( 1 1^ % of It^ 40) .
45. Normal Tax (3% of Item 42) ..
50. Total of or difference bctw
Items 48 and 49
51. Less Credit of 25% of Tax <
Earned Income (Item 32) .
52. Total Tax (It
53. Lessli
X naid to
>r U. S po;
55. Balanc.
Tax Paid at Source
foreign
possesaion....
AFFIDAVIT
npanying schedules and statement!
See Instruction 27
Sworn to and Bubacribed before me this
t be marked "Amended" at top of i
Checks and draft* will be accepted only if payable at par
STATISTICS OF INCOME
215
SCHEDULE A— INCOME FROM BUSINESS OR PROFESSION (Sec Instruction 2)
1. Total receipts from buelrn
Cost op Goo
1 {state l.lad of business)
3. Material and supplies
4. Merchandise bought for salo
5. Other costs (itemize below or on Bcparato Ebcct)
6. Flua Inventor)' at beginning of y
7. Total (Lines 2 to 6) 1?— .
8. Less inventory at end of yeai
B. Net Cost op Goods Sold (Li
• M,"o
3 tine?. (Do
11. Interest on business indebtedness lo others.^.
12. Taxes on business and business property
13. Losses (explain in table at foot of page) ..__..
14. Bad debts nrlsinj from sales or services
15. i)cprocia'.ion, obsolescence, and depletion (ex-
p'.uia in table provided at loot of paw)
repairs, and other expenses (itemized
below c
Total (Lin
IS. Total Deductions (Line 9 plus Line 17) _
10. M7T Prnrrr (Line 1 minus Lino IS) (Enter b
SCHEDULE B— INCOME FROM RErfTS AND ROYALTIES (Scolristr-
■.K,x»o
rPBO„.TT
1
=Kjc".".r
Ui
•B^
1 U.i
"v^a^
..n„.,=
'
' (w."r=o be
Si"
(taujf 113 Uem T)
1
^
\
^
1
1
;._
1
1
1
1
II II II II II
1.^.
[.
...L.
..1...
J..
1
J 1
.1
SCHEDULE C— PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC. (See Instruction f)
,.K..,,orP.„,.«,v 1 2.I,.,.A=.™.»
Ll^iil'^.V,l
(hi"JiS!rt)
;
. f
, 1
s
g
1
1
1
i 1 1.._..
SCHEDULE D— CAPITAL NET CAIN OR LOSS FROM SALE OF ASSETS HELD MORE THAN TWO YEARS (Sec Instruction 8a)
Mo.Dat/Y/ar\MQ,Dc:y
SCHEDULE E— INTER;:3T ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES (See Instn
,.0».,.™.,O.Sre„.,™
--or/j.is""
3. Asiocrrr Offiaa
^4r3r
I.N EICE-S c»
^'^MBB"
(a) Obligations of a State, Territory, or political subdivision thereof, or
~:::z
S -.
AIL
mm
..
?
(6) Securities issued under Federal Farm Loan Act, or under such Act aa
amended.TreasuryBiUs, and Treasury Ccrtificatesoflndebledness-
(c) Lit>erty3J4% Bondsand other obligations of United States issued on
A1L_
^^
All
$5, oon ...
^^
{d) Liberty 4% and 4^% Bonds, Treasury Bonda, and Treasury Sav-
1
(r) Treasury Notes
1 1
None —
^^
SCHEDULE F— EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, 14, IS, 17, AND 19
EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B
1 Kpr-OFPr
0,„TT
,..,
3, Datc AcgrrsED
'■i°,"™,r
.^s°^s
t Lite i.'or'
^L
a.
A.oe»r o, D„Lrcu„o.s C«.,oi. orr
(If building), srate material o
1 .men conslni
a. ProvIoQs year J 7. This year
1
L 1
f^ ¥
1
1
.._..
EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE, STORM, ETC., CLAIMED IN SCHEDULE A, AND IN ITEM 15
.:,x,orr.,„„r
.mr.Ac,vu..o.
49"o?*AI^iRCHV'ieP 1 * SnnS'flCEST 1 iJiow'iBLE^IVCB
'si:T.irj^
7. DtDCCTTBlB Loss
1$
L_
ff
,—
216
STATISTICS OF INCOME
INSTRUCTIONS
The Instruction Numbers on this Page Correspond with the Item Numbers on the First Page of the Return
1, INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.
Enter as Ilcm 1 on page 1 of the return, all salaries or other compensation
credited by or received from outside Eourccs. Use a separate line for each
entry, giving the information requested.
Any amount claimed as a deduction for necessary expenses against Balaries,
etc., Euch as traveling expenses, while away from home in the pursuit of a
trade or business, should be fully explained in Schedule F on page 2 of the
return, or on an attached etatcment. Traveling cxpens2s ordinarily include
expenditures for railroad fares, meals, and lodging.
2. INCOME FROM BUSINESS OR PROFESSION
If you owned a business, or practiced a profession on your own account,
£U in Schedule A on page 2 cf the return, and enter the net income (or loss)
as Item 2 on page I of the return.
This schedule should include income from: (n) Sale cf mercTiandiBe or
products of manufacturing, miniug, construction, and agriculture; (6) Business
service, such as hotel, rcsiau rant, and garage service, arausemsnts, laundering,
etorage, transportation, etc.; and (c) Professional service, such as dentistry,
law, or medicine. Iq general, report any income iQ the earning cf Tvhich you
incurred expenses for material, labor, supplies, etc.
Farmer's income schedule. — If you are a farmer and keep no books of
account, or keep books on a cash basis, obtain frora the Collector, and attach
to this return Form 1040 F, Schedule of Farm Incomo and Expenses, and enter
the net farm income as Item 2 on page 1 cf this return. If your farm books
of account are kept on an accrual basis, the filing of Form 1040F is optional.
Installment sales. — If the installment method ia used, attach to the return
a schedule showing scparatclv for the years 192S, 1929, 19.30, and 1931
the following: (a) Gross sales;' (6) Cost cf goods sold; (c) Gross proOts; (d)
Percentage of profits to gross sales; (c) Amount collected; and {/) Cross proGt
on amount collected. See Article 351 of Regulations 74.
Kind of business. — Describe the business or profession in the space pro-
•\'ided at the top of page 1, as "grocery," "retail clothing," "drug store,"
"laundry," "doctor," "lawjcr," "farmer," etc.
Total receipts. — Enter on Line 1 cf Schedule A the total receipts, less any
discounts or allowances from the sale price or service charpe.
Inventories. — If engaged in a trade or business in which the production,
purchase, or sale cf merchandise ia an income-producing factor, inventories
of merchandise en hand should be taken at the beginning and end of the taxable
Salaj
r cost or market, whichc
Interest. — Enter on Lino 11 interest on business indebtedness. Do not
include interest to yourself on capital invested in or advanced to the business.
Taxes. — Enter on Line 12 ta:tC3 on business property or for carrying on
business. Do not include taxes assessed against local benefits of a kind "tending
to increase the value of the property assessed, nor Federal income taxes.
Losses. — Enter on Line I'i losses incurred in the trade or business, if not
compensated for by insurance or othcn\Tse and not made good by repairs claimed
as a deduction. Losses of business property arising from fire, storm, etc.,
should be explained in the table at the foot of page 2 of the return.
Bad debts. — Enter on Line 14 debts, or portions thereof, arising from sales
or services that have been reflected in income, which have been definitely ascer-
tained to bo worthless and charged off within the year, or such reasonable
i.-i — ^"T added to a reserve for bad debts — '
usly charged off as bad, if subse
J for the year in which collected.
Depreciation. — Enter on Line 15 the amount claimed as depreciation by
reason of exhaustion, wearand tear cf propertv u^cd in the trade or business, or
OS obsolescence or depletion, and explain in the table at the foot of page 2 how
this amount was determined. If obsolescence is claimed, explain why tho use-
quired by purchase sboulc
determined upon the basis of the original cost (not replacement cost) of the
property and the probable number of years remaining of its useful life, except
if the property was purchased prior to March 1, 1013, it will be computed on
the fair market value of such property as of that date or its original cost, which-
ever is greater. If tho property was acquired ia any other manner than by
purchase, see Articles 201 to 210 cf Regulations 74.
In case a deduction is claimed on account of depletion of mines, oil or gas
Tvella, or timber, see Articles 221 to 257 of Regulations 74.
Do not claim any deduction for depreciation in tho value of a building
occupied by you as a dwelling, or property held for personal use, nor for land
(eiclusivo of improvements thereon), nor on stocks, bonds, and securities.
Rent, repairs^ and other expenses. — Enter on Line IG rent on business
property in which you have no equity, ordinary repairs to keep the property
ID a usable condition, and other necessary business expenses not classified above,
such as heat, light, and fire insurance. Do not include rent for a dwelling
occupied by you for residential purposes, the cost of business equipment or
furniture, expenditures for replacements or permanent improvements to prop-
erty, nor personal, living, or family expenses.
Deficit. — If the amount to be entered on Line lOshows a deficit, such amount
should be preceded by a minus sisn or ^Titten with red ink.
3. INTEREST ON BANK DEPOSITS, ETC,
Enter as Item 3 all interest received or credited to your account during the
taxable year on bank deposits, notes, mortgages, and corporation bonds, except
Interest on bonds upon which a tax was paid at tho eourcc. Interest on bonds
is considered income when due and payable.
4. INTEREST ON TAX-FREE COVENANT BONDS
Enter as Item 4 bond interest upon which a tat was paid at source.
A tax of I'/5 per cent was paid at source on such interest if it was entered
on Line 2 of Form 1000 which indicates that Item 39 will not exceed $4,000, or
2 per cent was paid if the interest was entered on Line 3 of Form 1000 which
indicates that Itom 39 will exceed S4,000. Such tax paid at source may be
claimed as a credit in Item 53 en tho return.
S AND 6. INCOME FROM PARTNERSHIPS AND FIDUCIARIES
Enter as Item 5 your share (whether received or nol) of tho profits of a
partnership, and as Ilcm 6 income from an estate or trust, except that tho
share of (a) capital net gain or loss computed as provided in Instruction Sa
shall be reported in Schedule D, (fc) taxable interest on obligations of the
Vnited Slates shall be included in Schedule E, and (r) profits which consi.ited
of dividends on ttock cf domestic corporations shall l>e included in Ilcm 10,
on the return. Include in Items 63 and 54, respectively, credits claimejl for
income tax paid at source, and foreign income taxes.
If the taxable yesr on the basis of which you file your return fails to coincide
Trith tho annual accounting period of the partnership or fiduciary, then you
7. INCOME FROM RENTS AND ROYALTIES
Fill In Schedule B, giving tho information requested.
If you received prnj^erty or crops in lieu cf cash rent, report tho income as
Ihough the rent had been received in cash. Crr.j.s rctcived as rent on a crop-
share baRis should be reported as income for the year in which disposed of (unlesis
your return shows income accrued).
Enter as depreciation the amount of wear and tear, or depletion sustained
durinp the taxable year 1931, and explain in the tabic at the foot of pago 2.
e. PROFIT FROM SALE OF REAL ESTATE, BONDS. ETC.
Describe the properly briefly in Schedule C. and state tho price rercived,
or the fair market value of the properly received in cxchance. Expeuacs con-
nected with the Bale may be deducted in computing the proljt or loss.
Enter the coet of the properly, or if acquired prior to March J, 1913, ita
ttlT market value ua cf that date, vbichcvcr is greater. AtUch statement
explaining how the value as of March 1, 1913, was determined. If the property
was not acquired by purchase, see Articles ^91 to 604 of Regulations 74.
Enter as depreciation the amount of wear and tear, obsolescence, or deple-
tion which has been allowable in respect of such property since date of acquisi-
tion, or since March 1, 1913, if the property was acquired before that date. In
addition, if tho property was acquired before March 1, 1913, and if the cost of
such property is greater than its fair market value as of that date, the cost
shall be reduced by the depreciation actually sustained before that date.
Subsequent improvements include expenditures for additions, improve-
ments, and repairs made to restore the property or prolong its useful life.
No loss shall be recognized in any sale or other disposition of stock or
securities where you have acquired substantially identical property within 3l>
days before or after the date of such sale, unless you arc a dealer in securities.
In case the amount to be entered in Column 7 ia a deductible loss, such
amount should bo preceded by a minus sign or v.ritten with red ink,
8a. CAPITAL NET CAIN OR LOSS
If desired, a capital net gain derived from the sale or exchange of capital
assets may be computed separately and a tax of 12J^ per cent paid thereon in
lieu of the normal tax and surtax. The terra " capital net gain means the ex-
cess of the total amount of capital gain over the sum of (a) the capital deduc-
tions and capital losses, plus (6) tlie amount, if any, by which the ordinary
deductions exceed the gross income computed without capital gain.
Ia case a capital net loss is sustained from the sale or exchange of capital
assets, the total normal tax and surtax computed on the basis of the ordinary
net income shall be reduced by 12^ per cent cf such capital net loss; but in no
case shall the tax computed in this manner be Jess than the total normal tax
and surtax that would be imposed without the benefit of this provision. The
term "capital net loss" means the excess of tho sum of the capital losses plu»
the capital deductions over the total amount cf capital gain.
The terra "capital assets" means property held by you for more than two
years (whether or not connected with your trade or business), but docs not in-
clude your stock in trade or other property of a kind which would properly be
included in your inventory if en hand at the close of the taxable year, or prop-
erty held by vou primarily for sale in the course of your trade or business.
Fill in Schedule D in accordance with Instruction 8, if the tax is computed
9. INTEREST ON LIBERTY BONDS, ETC.
Schedule E should be filled in if vou own any of the obligations or securities
enumerated in Column 1. Ent«r in Column 2 all interest received or credited
to your account during the year on these obligations, including your share of
such interest received from a partnership, or an estate or trust, and enter in
Column 3 the principal amounts of the various obligations owned.
Interest on all coupons falling due within the taxable year will be considered
as income for the year, where the books are kept on a cash receipts and disburse-
ments basis. If the books are kept on an accrual basis, report the actual amount
of interest accrued on the obligations owned during the taxable year.
If the obligations cnuracraled on Line id) are owned in excess of the exemp-
tion of S5.000, c
0 are owned, CoUimns 5 and 6 should be filled
ai of the interest reported on Lines {dj and te), Column 6, entered
as Item 9 on page 1 of the return.
10. DIVIDENDS
Enter as Item 10 the amount received as dividends (a) from a domestic
corporation other than a corporation entitled to the benefits of Section 251 of
the Act of 1928 and other than a corporation organized under the China Trade
Act, 1922, or (b) from a foreign corporation when it is shown to tlie satisfaction
of the Commissioner that more than 50 per cent of the gross income of such
foreign corporation for the three-year p-riod ending with the close of its taxable
year preceding the declaration of such dividends (or for such part of euch iJeriod
as the corporation has been in existence) was derived from sources within th*
United States, including your share of such dividends received on stock owned
by a partnership, or an estate or trust.
11. OTHER INCOME
Enter as Item 1 1 all other taxable income for which no place is provided
on the return, together with an_^- dividends specifically excluded from Item 10.
12. TOTAL INCOME
Enter as Item 12 the net amount of Items 1 to 11, inclusive, after dcductins
any expenses reported in Item 1, and lusscs in Items 2, 5, 7, and S.
13. INTEREST PAID
Enter as Item 13 interest paid on personal indebtedness as distinguished
from business indebtedness (whith should be deducted under Schedule A or
B). Do not include interest en indebtedness incurred to purchase or carrj^
obligations or securities the interest upon which is wholly exempt from taxation.
14. TAXES PAID
Enter as Item 14 person.il ta^es and ta-ics paid on property not used iit
your business or profession, not including those assessed against local benefits
of a kind tending to increase the value of the property assessed. Do not include
Federal income taxes, la\es imposed upon your interest as shareholder of a
corporation which are paid by the corporation without reimbursement from
you, nor income taxes claimed as a credit in Item C4.
Any deduction on account of taxes should be explained in Schedule F.
15. LOSSES BY FIRE, STORM, ETC.
Enter as Item 15 losses of property not connected with your business or pro-
fcasion, suetaincd during tho year if arising frora (ire, storm, shipwreck, or other
casualty, or from theft, and if not compensated for Ly insurance or otherwise.
Sec Arliclo 171 of Regulations "4.
Explain losses claimed in the table provided on page 2 of the return.
15. BAD DEBTS
Enter as Item 10 .ill bad debts ether than those claimed as & deduction in
Schedule A. State in Schedule F, (a) of what the debts consisted, (b) when they
v.cre created, (c) when they became due, (d) what efforts were made to collect,
and (e) how they were actually dtlermiuued to be worthless.
17. CONTRIBUTIONS
Enter aa Item 17coDtributionsor gifts made within the taxable year to any
corporation, or tru.st, or community clicsl, fund, or foundation, organized and
operated exclusively for religious, charitable, scientific, Uterary, or educational
purposes, or for tho prevention of cruelty to children or animals, no part of the
net earnings of which inures to the beoeCt of any private shareholder or indi-
vidual. The amount claimed shall not exceed 15 per cent of your net income
computed without the benefit of this deduction.
A fiduciary filing the return fnr an estate in proce*^ of administration may
claim, in lieu of this deduction, that provided in Article SG2 of Regulations 74.
List orcanizations and amouuls contributed to each in Schedule F.
18. OTHER DEDUCTIONS
Enter as Item 18 any other aunicrizod deductions for which no place is pro-
Do not deduct losses incurred in transactions which ^ ___
icr connected with your trade or business, nor entered into for profit..
If the return is filed fiT an estate in process cf administration, there may bo
■edited to a beneficiary.
deducted the amount of any income paid c
Any deduction claimed should be explained in Schedule F.
19. TOTAL DEDUCTIONS
Enter as It-cm 19 the total of Items 13 to 18, inclusive. This amount should
not include any deduction chiimcd in ScUciJulc A or D.
20. NET INCOME
Enter an Item 20 the net income, which is obtained by deducting Item ID
from Item 12. The net income fhall I c computed upon the basis of the taxable
year in accordance with the method of accoimting rogularly employed in keeping
your books, unlcsa euch method does not clearly reflect your income.
STATISTICS OF INCOME
217
21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME
filed bv every citizen of the United Stateg
An
; taT return i
■ abroad,
izen thereof, wh
r whose net inci
ind (
?ry person i
whothec residing
States though not a (
omouDted to $5,000,
(a) $1,500 if single or if married and rot living with husband or wife;
(b) 83,500 if married and hving with husband or wife; or
(c) More than the personal exemption if status of taxpayer changes.
If an individual 13 single and the net income, including that of dependent
minors, if any, is $1,500 or over, or if the gross income is $5,000 or over, a return
must be filed. If the combined net income of husband and wife, and depondont
minor children, if any, is $3,500 or over, or if their combined gross income is
Sd,000 or over, all such income must be reported on a joint return, or on separate
returns of husband and wife. In c -...-.
returns and their combined net i
return on this form.
If the net income of a decedent to the date of his death was St,500 or over,
if unmarried, or $3,600 or over, if married and living with husband or wife, or if
his gross income for the period was S5.000 or over, the executor or administrator
shall make a return for him on this form.
Income of (a) estates of decedents before final settlement, (b) trusts, whether
created by will or deed, for unascertained persons or persons with contingent
3 distri
of a
22. PERSONAL EXEMPTION AND CREDIT FOR DEPENDENTS
A single person, or a married person not living with husband or wife, may
claim an exemption of 81,500. A person who was the head of a family or was
married and living with husband or wife during the ent ire taxable year, may claim
nn exemption of $3,500. If husband and wife file separate returns, the exemp-
tion may be taken by either or divided between thcni.
A "head of a family" is an individual who actually supports and maintains
in one household one or more individuals who are closely connected with him by
blood relationship, relationship by marriage, or by adoption, and whose right to
exercise family control and provide for these dependent individuals is based
upon some moral or legal obligation.
In addition to the personal exemption, a credit of $400 may be claimed for
each person (other tlian husband or wife) under eighteen years of age, or in-
capable of self-support because mentally or physically defective, who was receiv-
ing his or her chief support from the taxpayer on the last day of the taxable year.
This credit can be claimed only by the person who furnishes the chief eupport,
and can not be divided between two individuals.
In case the status of a taxpayer changes during the year, the personal
exemption shall be an amount which bears the same ratio to SI,500 as the
number of months the taxpayer was single bears to twelve months, plus an
amount which bears the same ratio to $3,500 as the number of months the
taxpayer was married and living with husband or wife, or was the head of a
family, bears to twelve months. For this purpose a fractional part of a month
shall be disregarded unless it amounts to more than half a month, in which case
it shall be considered as a full month. The exemption shall not ciceed 53,500
where the head of a family is married during the year.
In the case of an individual who dies during the taxable year, the personal
exemption and credit for dependents shall be determined by hi
Earned ir
a credit of 25
To deten
Items 21
23. COMPUTATION OF TAX
le. — In computing the tax on your nc
cent of tlie tax on your earned net ir
J this credit, compute the tax on yoi
page 1 of the return, as if it 1
r earned net 1
Items 32 and 51 will be 25 per cent of it<
' Items 30, 44, 45, and 46, whichever amour
Earned income may consist of amoun
sona) services actually rendered, or an am'
the net profits derived by you from a tradi
If :
and capital are material i
not I
,ot be «
considered as earned net
the earned net income sh
case shall thS earned net income be
Return for fiscal year. — The
year beginning in 1930
1 31, or 25 per cent of the sum of
is the smaller.
received as compensation for per-
int not in excess of 20 per cent of
Df business in which both personal
5,000, the entire amount shall be
net income is more than S5.000,
od to be less than 85,000. In no
1931.
and 1
come and the tax for a fiscal
1931 is computed in the same
if the fiscal year were the calendar year
■ TJ. S.
-If 1
of the United States, submit Form 11 IC with your return with the receipts
for such payments. In case credit is sought for taxes accrued the form
must have attached to it a certified copy of the return on whicli the tax
was based, and the Commissioner may require a bond on Form 1117 for
the payment of any tax found due if the tax when paid differs from the
credit claimed.
Surtax. — The surtax for any amount of net income not shown in the tabic
below is computed by adding to the surtax for the largest amount shown which
is less than the income, the surtax upon the excess over that amount at the
rate indicated in the table.
In the case of bona fide sale of mines, oil or gas wells, or any interest
n, the surtax on the profit shall not exceed 16 per cent of the selling
omputcd as follows:
1. ITEMS
"'""^VA'HS"""'
I NM iDcomg
< Non».„. 5.s„„„
Surtax from table
SI6, 000. 00
450. 00
180.00
13. 50
5. 1 1 '
Surtax at 3 per cent
Total
S16, 450 on
503. 50 Is 1 IS 1
A».«..o„.u„„™
„■;«■„
.™i
^0^. .,..,.„„.
^'i'.
«:?;i
A
0
c
A
"
c
$40,000 to S44,000.
44,000 to 48,000.
48,000 to 62,000.
52,000 to 56,000-
66,000 to 60,000-
00,000 to 64.000-
04,000 to 70,000.
70,000 to 80,000.
80,000 to 100,000.
100,000 up
11
13
14
IS
16
17
18
19
10,000 to $14,000..
14,000 to 16,000-
16,000 to 18.000..
18,000 to 20,000..
20,000 to 22,000..
22,000 to 24,000..
24,000 to 28,000..
28.000 to 32,000..
I
2
3
4
6
G
7
8
9
10
«40
80
HO
220
320
440
720
1,040
1,400
1,800
2,720
3,240
3,800
4,400
5,T)40
6,060
7,860
11,660
36,000 to 40,000-.
24. ITEMS EXEMPT FROM TAX
contract paid by reason ol
ir in installments (but if 1
ent to pay interest thereon
! paid by
□ounts) under a li(e ir
unts (when added to
of the death of
the Revenue Act of 1928:
(a) Amounts received under a life insurano
death of the insured, whether in a single sum
amounts are held by the insurer under an agrcen
interest payments shall be included in gross ir
(6) Amounts received (other than amour
the insured and interest payments on such :
endowment, or annuity contract, but if such a
received before the taxable year under such contract) exceed the aggregate
premiums or consideration paid (whether or not paid during the taxable year)
then the excess shall be included in gross income. In the case of a transfer for a
valuable consideration, by assignment or otherwise, of a life insurance, endow-
ment, or annuity contract, or any interest therein, only the actual value of such
consideration and the amount of the premiums and other sums subsequently paid
by the transferee shall be exempt from ta.\atioa uudcr paragraph (a) above or
this paragraph;
(f) Gifts (not made as a consideration for ecrvicc rendered), and money and
property acquired by bequest, devise, or inheritance (but the income derived
from such property is taxable and must be reported);
(d) Interest upon (I) the obligations of a State, Territory, or any political
subdivision thereof, or the District of Columbia; or (2) sccuiitics issued under
the provisions of the Federal Farm Loan Act or under such Act as amended; or
(3) the obligations of the United States or its possessions. la the case of obli-
gations of the United States issued after September I, 1917 (other than postal
pavings certi6cates of d.-posit) tlic interest on 4 per cent and 4^4 Per cent Liberty
Bonds, Treasury Certificates of Indebtedness issued before June IS, 1929,
Treasury Bonds, and Treasury Savings Certificates, owned in eT:ccss of $5,000,
and the interest on Treasury Notes, is subject to surtax if the net income is
over 510,000, and should be reported (see Instruction 9) ;
(c) Amounts received through accident or health insurance or under work-
men's compensation acts, as compensation for personal injuries or sickness, plu.i
the amount of any damages received, whether by suit or egrccment, on account
of such injuries or sickness;
if) Amounts received as compensatioD, family allotments and allowances
under the provisions of the War Risk Insurance and the Vocational Rehabilita-
tion Acts or the World War Veterans' Act, 1924, or as pensions from the United
States for service of the beneficiary or another in the military or naval forces of
the United States in time of war, or as a State pension for services rendered by
the beneficiary or another for which the State is paying a pension;
(g) Amounts received by an individual as dividends or interest, not exceed-
ng $300, from domestic building and loan associations, substantially all the
I of which is confined to making loans to merobci
(h) The rental value of a dwelling house and appui
. minister of the gospel as part of his compcnsalio
(i) Compensation paid by a State or political
thereof furnished
bdi\
ployees for services rendered i
an essential governmental function; and
U) Amounts received as earned income from sources without the United
States by an individual citizen of the United States who is a bona fide non-
resident for more than six months duriog the taxable year. The taxpayer
in such a case may not deduct from his gross income any amount properly
allocable to or chargeable against the amount so e>:clu'Jcd from his gross income.
25. ACCRUED OR RECEIVED INCOME
If your books of account are
accrued, even though it has not b(
and expenses incurred instead of e
If your books do not show inc
kept on an accrual basis, report all income
m actually rcceiv'ed or entered od the books,
.penscs paid,
ime accrued and expenses incurred, report all
r account, and expenses paid.
26. PERIOD TO BE COVERED BV RETURN
ending on the kT;t
3n Form 1010 FY.
began and ended must be stated at the head of the return.
Xhe accounting period established must be adhered to for aubscquent years,
unless permission was received from tlie Commissioner to make a cliange.
An application for a change in the accounting period shall be made oq Form
112s and forwarded to the Collector prior to the expiration of thirty days from
the close ol the proposed ta.xablc year.
27. AFFIDAVIT
The aflSdavit must be executed by the person whose income is reported
unless he is ill, absent from the country, or otherwise incapacitated, in wliich
case the legal representative or agent may execute the affidavit. A minor,
however, making his own return must exc
The oath will be administered will
collector, or internal revenue agent. If an internal revenue officer is not avail-
able, the return should be sworn to before a notary public, justice of the peace,
or other person authorized to administer oaths.
28. WHEN AND WHERE THE RETURN MUST BE FILED
The return must be filed on or before the fifteenth day of the third month
following the close of the taxable year with the Collector of Internal Revenue
for the district in which you live or have your principal place of busi
you have no legal residence or place of busi
the return to the Collector of Internal Revt
29. WHEN AND TO WHOM THE TAX MUST BE PAID
h the return
iial Kcvcnuc
it in person.
onth, the
The tax should be paid, if possible, by sending or bringing
a check or money order drawn to the order of " Collector of Ir
at (insert city and Slate)." Do not send cash by mail, nor p
except at the Collector's office.
The tax may be paid when the return is filed, or in four equal installments,
as follows: The first installment shall be paid on or before the fiflecnlh
day of the third month following the close of the taxable year, the second
installment shall be paid on or before the fifteenth day of the third r
third installment on or before the fifteenth day of the sixth niontl
fourth installment on or before the fifteenth day of the ninth mi
the latest date prescribed for paying the first installment.
30. PENALTIES
For willful failure to make and file t
SIO.OOO or imprisonment forgot more than
25 per cent of the amount of the tax.
For willfully making a falsi
fraudulent return.— Not more than SIO.OOO
r both, and, in addition, 50 per
cent of the amount of the tax.
For deficiency in tax. — Interest on deficiency at 6 per cent per annum to
the date the deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the right to file a petition with the Board of Tax Appeals, whichever
date is the earlier, and, in addition, 5 per cent of the amount of the deficiency
if due to negligence or intentional disregard of rules and regulations without
intent to defraud or 50 per cent of amount of deficiency if due to fraud.
31. INFORMATION AT SOURCE
Every person making payments of salaries, wages, interest, tcnls, commis-
sions, or other fixed or determinable income of $1,500 or more during the cal-
endar year, to a single person, a partnership, or a fiduciary, or $3,500 or more to
a married person, is required to make a return on Forms 1006 and 1009
showing the amount of such payments and the name and address of each re-
cipient. These forms will be furnished bv any collector of internal revenue
upon request. Such returns covering the calencfar vear 1931 must bo forwarded
to the Commissioner of Internal Revenue, Sorting "Section, Washington, D. C,
in time to be received not later than February 15, 1932. :-im4b
218
STATISTICS OF INCOME
Form 1040 A
lRTM _ _
■ SsBnca
TREASURY DEPARTMENT
(Auditor*! Stamp)
INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES OF NOT MORE THAN $5,000
DERIVED CHIEFLY FROM SALARIES AND WAGES
For Calendar Year 1931
To u fii*a with I
r befor* March 15, 1932
PRINT NAME AND ADDRESS PLAINLY BELOW
OCCUPATION..
Do not write in itus space
(C««hi«r'a StaiBp)
Ca»h Chxifc M.O.
1. Areyouacitiienorrefident
or the United States?
2. "n^as a separate return filed
by husband or wife? ,
3. Were you married and living with husband
or wife on the last day of the year?
4. II not, were you the head of a family
on the last day of the year?
S. State date and nature of any change
under questions 3 or 4 during the year ..__ . ..
C. How manydependents (except husband or wife) werereceiving
their chief support from you on the last day of the year?
INCOME
1. Salaries, Wages, etc. (State from whom received)
2. Interest on Bank DepositSi Notes, Mortgages, and Corporation Bonclj
3. Interest on bonds upon whicli a tax of 13^% was paid at source
4. Other Income (including income from partnerships and fiduciaries) (State source):
5. Total Income in Items 1 to 4
DEDUCTIONS
6. Taxes Paid
7. Contributions (Explain on reverse side) _
8. Other Deductions Authorized by L-v/ (Explain below);
Total Deductions ix Items 6 to 8 -
COMPUTATION OF TAX
Net Income (Item 5 minus Item 9)
Credit for Dependents
Personal Exemption — - ■
Balance taxable at 13^%, not over $4,000 (Item 10 minus Items II and 12)
Total Income Tax (1J^% of Item 13) - _ - - - — .
Less: Income Tax paid at source on tax-free covenant bonds (13^% of Item 3)
Income tax paid to a foreign country or possession of the U. S. (Attach Form 1U6)..
Credit of 25% of tax on earned net income (25% of Item 14)
B ALANCB OF Tax (Item 14 minus Items 15, 16, and 17)
AFFIDAVIT
I swear (or aflarm) that this return has been examined by me, and, to the best of my knowledge and belief, is a true and com-
plete return for the taxable year as stated, pursuant to the Revenue Act of 1928 and Kegulations issued under authority thereof.
(If return is made by ogent, the reason theref*
Sworn to and subscribed before mo this _
day of - , 1932
See Instructions (Signature of ofDcer administering oath) (Title)
NOTE.— If yoa derive tne«ne, regardleas of amoont, from a profession or business, incloding fanning, or from rents or sole of property,
Kc^rt interest on DOBt&xable obllgationa and dividends from domcatic corporations on tho reverse side of this form.
» stated on this line)
(iitJDature ot taxpayer ur b
(Addrosa of agent)
STATISTICS OF INCOME
219
STATEMENT OF CON"
•RIBUTIONS
Name o
r Obc&kization
Amount Paio J
NiME
OF OBGANIZATION
Amount Paid
S - ---
$
i
NONTAXABLE OBLIGATIONS AND SECURITIES
OBUGATIONJ AXD SECUPJTiE3
Amodkt Owned
Beceived
(a) Obligations of a State, Territorj', or political subdivision thereof, or the District of Columbia..
^
s
(c) Obligations of the United States or its possessions
DIVIDENDS FROM DOMESTIC CORPORATIONS
State l!ic amount of dividends
on stock owned by a partnersl.tp,
\ed from domestic corporations, including your share of such dividends
PENALTIES
For Willful Failure to Make and File a Return on Time. — Not more than $10,000 or Imprisonment for not more than one
year, or both, and, in addition, 2o per cent of the amount of the tax.
For Willfully Making a False or Fraudulent Return. — Xot more than S10,000 or imprisonment for not more than five years,
or both, and, in addition, 50 per cent of the amount of the tax.
For Deficiency in Tax. — Interest on deficiency at Gpercentperannum to the date the deficiency is assessed, or to the thirtieth
day after the filing of a waiver of the ri^ht to file a petition ^-ith the Board of Tax Appeals, whichever date is the earlier, and,
in addition, 5 per cent of the amount of the deficiency if due to neglif^ence or intentional disregard of rules and regulations without
intent to defraud, or 50 per cent of amount of deficiency if due to fraud.
INSTRUCTIONS
Liability for Filing Return
An Income tax return must be filed by every citizec
whether residing at home or abroad, and every person i
6tates. tbougb not a citizen thereof, having a gross income (or the calendar ye
ly31 ol S5,000, or over, or a net income for the same period of fal Sl.500 or over.
II single, or if married and not living with husband or wife, or (6) $3,500 or over.
if married and living with husband or wife, or (e) more than the personal
eiemption if the status of the taxpayer changes.
Items Exempt from Tax
(a) Amounts received under a life insurance contract paid by rea.'y^n of the
death of the insured.
{^> Amounts received (other than by reason of the death of the insured) under
* ' ' I, endowment, or annuity contract, not to eiceod the premiums or
by bequest, devise, or inheritance (but the income from such property i
able and must be reported),
(d) Interest upon (!) obligations of a State, Territory,
I Lil>crty Bonds owned
income is over ?10.000.
I Amounts received as accident
□ess, plus damasf
Vnited States for s
State pension for se
(5) Dividends or
Ted under the Wa
World "War Vet
a in ihe military or naval forces i
J rendered for wliich the State is paying a pension.
find loan :
makine loans to members.
(A) Rental value of a dwelling house and appurtenances thereof furnished a
I]
Salaries.— Enter as Item 1 all salarle-s, wages, _
from outside sources by {a) your^f, (6) your husband c
is filed, and (c) each dependent minor child.
Inlercst.— Enter as Item 2 interest received on bank deposits, notes, mortgages,
and corporation bonds, except that interest received oa bonds upon which a
tax was paid at source by the debtor corporation tbould bo enrered as Item 3
if you tiled with the interest coupons a certificate on Form lOOC that your net
Income in excess of the persona! exemption and credits doec not exceed $t,0CO.
The tax of Vi per cent paid at source on such interest should be claimed as a
credit in Item 13. Interest on bonds is considered income when duo and payable.
Olher income. — Enter as Item 4 all other taTablo income, including dividends
-on stock of foreisn corporations, income of an estate or trust, and your share
^whether received or not) in the proCts of a partnership.
Tares.^Enter as Item 6 all personal taxes and taxes on property paid during
the year. Do not include Federal income taxes nor taies claimed as a credit
in Item 16 of the return.
Contributions.— Enter as Item 7 any contributions or gifts made during the
year to any corporation or fund organized and operated exclusively for religious,
charitable, or educational purposes. The amount claimed shall not CTcced 15
per cent of the net income computed without the benefit of this deduction.
s of organizations and amouuts contributed to each in space above,
uctions.— Enter as Item 8 any other deductions authoriied by law,
a personal indebtedness.
Personal Exemption and Credits
A singlo person, or a married person not living with husband or wife, may
claim a personal exemption of SI,C.X). A person who, dur.ng the entire taxable
year, was the head of a family or was married and living with husband or wife,
may claim an eiemption of §3,500. If husbajid and wife file separate returns,
the personal exemption may be taken by either or divided between them.
A "head of a family" is an individiial who actually supports and mriintainsia
One household one or more individuals who are closely connected with him b/
blood relationship, relationship by marriage, or by adoption, and whose ri?ht to
esercLse family control and provide for these dependent mdividuals is based upon
some moral or legal obligation.
In addition to the personal exemption, a credit of S-100 may bo claimed foreaci
person (other than husband or wife) under eishtcen years of age, or incapablo
of self-support because mentally or physically defective, who was receiving his
or her chief support from the taxpayer on the last day of the taxable year. This
credit can be claimed only by the person who furnishes the chief support, and
can not be divided between two individuals.
In case the status of a taxpayer changes during the taxable year, the personal
exemption shall be an amount which bears the same ratio to Si, 500 as the number
of months during which the taxpayer was single bears to twelve months, plu:
■nths. For this purpo^ a fractional part of
head of a family, bears to twelve
a month shall be disregarded unless
Tvhich case it shall be considered a
] shall not exceed $3,500 where the head of a family
the taxable year.
than half a month, ..
full month. The amount of pergonal
lied during
individual who diss during the taxable year, the credits for
according to his or her status at tho close of the taxable year.
General Information
before the Department
Returns.— File the i
district in which you r
nil be administered without charge by any collector,
Tifll revc?nu6 agent. 1 ( an internal revenue ofDcer is nut
^om to before a person authorized to adinin-
■ agent employed to represent the taxpayer
tb the Collector of Inter
ir before March 15, 1932.
at time of filing the retu
lal Revenue for the
177160—34-
220
STATISTICS OF INCOME
i' DEPARTMENT
CORPORATION INCOME TAX RETURN
For Calendar Year 1931
Hie This Return with (h« CoUutor oF Inlcnul Rnenw lor Your [>utnct i
t Mirch IS, 1932
PRINT PLAINLY
S NAML AND DUSINLSS ADDRE3S
Date of Incorporation .
Under the Laws of what Stale or Country %
Pa«« 1 of Return
(CaahlM-'a Stamp)
Kind of Business - - Is This a Consolitbted Return of Two or More Corporations?..
Uso^HowMuir?.
GROSS INCOME
Less Cost of Goods Sold:
(a) Invcntorj- at beginning of year .,
Sal.i!
Wages, S
Othei
costs, S ; Total.
(d) Total of Uaee (a), (b), and (c)
(c) Less inventory at end of year
jross Profit from Trading or Manufacturing (Item
jros3 Profit from Operations Other Than Trading c
Manufacturing. (Ptine
(a).
, Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds,.
, Rents - ~
Profit from Sale of Real Estate, Stocks, Bonds, :i.nd other Capital As&cis (From
Dividends on Slock of Domestic Corporations
Other Income (including dividends received on Stock of foreign corporationey.
(a).
(c).
Total Income in Iteus 3 to 10
DEDUCTIONS
Compensation of OflSccra (From Schedule C)
Rent on Business Property
Repairs (FromScbrfuiaD); Salaries and Wages, S ; Other Costt
Taxrs (From Scbcdulo E)..
. Losses (From ScbeJulo F)..
, Bad Debts (From Sehedn
, Depreciation (rciulting from cxhaueUon, wear and tear, or obsolescence) (From scbbdule I).
Depletion of Minps. Oil and Gas Wells, Timber, etc. (Submit schedule, t^
. Other Deductions Not Reported Above. (Eiplaln below, or on stparaie sheet):
(a) Salaries and wages. (Notinclu<ledlnltom2,l2, or u above)
(6) Net Loss for 1929-1930 (Submli schedule)
ic)
Total Deductions in Items 12 to 22^
Net Income (Item U mlnua Item 23)..
COMPUTATION OF TAX
Net Income (Item 24 above)
Less Credit of S3,000 (for a domestic corporat
having a net income of less than $25,360..
2S. Income Tax (12% of Item 27)
20. If net Income of domestic corporatic
S25,360, enter the amount over i
30. Total Tax (Item 28 plus Item 29)..
Balance (Item 26 minus Item 26) |$.
Less: Income Tai Paid at Sourc^. (This credit can only be allowed to a nonresident foreign corporation) S...
Income Tax Paid to a Foreign Country or U, S. possesslOQ by a domestic corporation (sec lost. 27)..
, Balance of Tax (Item 30 minus Items 31 and 32) „ _
An un«nd«d return mutt b« marked "AmendMl" at top of r
Checks and drafts will b« accepted only Lf payable at par
STATISTICS OF INCOME
221
Pag« a of Retmm
SCHEDUI£ K— BALANCE SHEETS (See ImitructioQ *3)
IrtUM
Bioauiao oi T*xa*li Y«a» | Bkd or Tlixmu. Yea»
^ou.t
To^
"»-
Toui
ASSETS
i i
s.. ..
2, Botes recelvaWa ™
s._ !
LfQB rm-r- f"r ^ni ^pM.
1
4. Inventoms:
--
s
Work in process .
^
PP
5. Znv«ftineat5 (noatKxable) : 1
Obligfttkoa of a State, Territcry, rr any ro- 1 {
bticai subdivifiion thereof, or the District ■
s
._..
—
Securities issued uDdeitiie Federal l''ttna Losn | j )
Obli^iiiorj of tlie United States or its pos- , j
•6. Other inrcEtments:
Stocfcacf doinestic C0Tpo:«a>B£ — S
Bonds of domestic coipoialioDS , —
Stocks &Tid bc-Dd3<3f toreigt corporatione
—
..._
—
1
,
1
7. Deferred diaxges; j
1
8. Capital assets :
1
s
1 r """"""
T T r
......J _.
1
--
1
, 1
Lfffia r-»-rTf3 for (-'^pr^Htirr. . .
9. Patents 1
— -
—
s
........
.._._..
—
IL Otiier assets (deecribe fully) :
1
1?. To^A', Ap«ftr
t
t.
LIABILITIES
$
s_...
t
—
—
-
--
16. Bonds and notes (not secured by mortgage;
—
.._..
17. Accrued expenses:
s.
1
Another
1 i
18. Other LiabUities (describe fully):
19. Capital stock:
Preferred elock Cess etock to treasury)
Conmon stock (lees stock in treasury) ....
$
_
1
s
_....
1"" 1
21. Undivided profits 1 1
■
22. ToT^L Liabilities _
s
$ —
_....
222
STATISTICS OF INCOME
SCHEDULE D-RECONCIUATION OF NET INCOME AMD ANALYSIS OF CHANCES IN SURPLUS
Page it of Return
.
U.U=^o,.b„a»i^Uo»:
,
aNoDUiablBlQcome:
(a) iDWreot on obUgnlitms of a BUt«, TerrltoiT, or M17 poUllcal
lb) Income and proQta tfiua p&ld to tbo UoltAd etat«e, and so
much or mch taias paid to Its possoslonj or foreign coun-
Act, or under such Act 03 amendofL
:~--
(c) Fftdera] taxaa paid on tai-free covenant bonda
{(f) Bpednl ImproTemant taiu lecdlns to inoeoM ths thIos of
<0 Funijturo and flitures, additions, or b«tt«nDent9 treated as
m R* laccmonlaandr^iewal^
(/) Otbcr Itama ot oontaiable lEcomo (U) b« diUUed):
(£) Insuranoe ptemiuma paid on tho Ufa c( any offlcer or em-
ployee Kliere the coiporsUon ia directly or indirectly a
(ft) Inleroston Indebtedness Incurred orcoatinuodlopurehaM
or carry obligatlota or !«iirUies the Interest upon which
(0 Addillona to resorro for bad dobta which are not Included
3. Chiijes ftcalnat rasorre for bad dcbls. If Item W, pegfl 1 cl rcturo,
C) Additiouatoreaervestorcontinsanciis.ot:;. tlobedetaUed):
t. Chutes ac&lnst resorreQ for cooUiigencloe, ot«. {to ba detoUod):
(i) Other unallowable deductions (to be detaflod):
(3) . .
M
B. Total from l.tno »
- 7. Net profit tOTTsar.asGhoTXTi by boo^, before aaTBdjustmeDlaaro
--
..._.
U TrrfBloTI.tntn
,
tnnri«rh«'«in (Linos mtni.^ I.inofl)
-rB. Sojplas ftn<] ou'liTidixl proflta aa shown by baluioe sHeot at cIc?o
16. IMrldcnds paid during the taublo year (state whether paid In
cash, rtock or the corporation, or other property) r
'
18. OUwdobiaioinrpIasWotwdBCaQod):
(B)
.......
—
---
10. Total of .Wnw 7 to 9, laduslvo
ll.-^0tn>frwTrI.lnfil7
12, PoTplu* Kid iindJ-ridetlprofilaas shown by balBDooflheolotcloso
5
1
iii^
KIND OF BUSINESS
1. Bj mcftna of the key letters given below, identify the corporat!on*B main
Jncome-prtxiuciQg activity with one of the general c'a.'w:?9, and follow this by a
special. rfcflClf'tiop of the business suflicieDt to give the iufonnation called for
.under each general ifilasfi.
A- — Agficulturt end related industriefl, locludiDg fifihing, logging, ice harvest-
ing, etc,, and also the leasing of sach property. State the product or products.
B. — ^Miiiiug and quarrying, including gas and oil wellfl, and also the leaeing of
Btich property. State the product or products, C. — Manufacturing. Stato
:the product and also the material if nut implied by the name of the product.
"JD. — ^CoDstruction — excavations, buildings, bridges, railroads, ships, etc., also
^equipping and instoliing came uith ei-Eteme, devic«8, or machinery, without
■their manufictiUG. State uati^re of structures built, materials used, or kind of
inBtallations- El. — Transportation — lail, water, local, etc. State the kind and
fipecial product traneportcd, if any. E2. — Public utilities — gas (natural, coal,
4or water) ; electric light cr power (hydro or steam generated) ; heating (steam or
tot water); telephone; waterworks or power. E3. — Storage — without trading
JOT profit from soles — (elevators, warehouses, stockyards, etc.). State product
Mored. E4. — Leasing tranEportation or utilities. Stato kind of property.
iF. — Trading in goods bought and not produced by the trading concern. State
ncanner of trade, whether wholesale, retail, or commission, and product handled.
Sales with etorago with profit primarily from sales. G. — Service — domestic,
including hotels, restaurants, etc.; amusements; other professional, personal, or
technical service. State the service, n. — Finance, including banking, real
restate, insurance. !• — -Concerns not fallitig in above classes (a) because of
combining eevcral of them with no predominant business, or (&) for other
2. Concerns whoeo business involves activity falling in two or more of the
above general clasaes, where the same product is concerned, should report busi-
neaa aa identified with but one of the above general claseea; for example, con-
ccme in A or B which also transport and market their own product exclusively
or mainly, should still be identified with classes A or B; concema in C (manufac-
turing) which own or control their source of material supply in A or B and which
Also transport, sell, or install their own product exclusively or mainly, should
be identified with manufacturing; concerns in D may control or own the source
of supply of mnlcriaU used e.tclusivcly or mainly in their constructive work;
concerns in Kl or E2 may own or control tho source of their material or power;
concerns in F may transport or store their OYnx merchandise, but ito production
vculd identify them with A, B, or C.
3> Answers:
(o) General clasa (use key letter designation) __—
(t>) &laiu income- producing business (give specifically tho information
called for under each key letter, also whether acting aa principal,
or aa agent on commission; state if inactive or in liqiudation)
) for the preceding
QUESTI07CS
PREISCESSOR BUSINESS
6. Vid the corporniioD. file a return tinder the same
taxable year? Was the corporation in any way an outgrowth,
result, continos^icuit or reorganization of a business or businessee in existenco
during this or any prior year since December 31, 1917? . If anawet
is "yes," give naoM and address of each predecessor business, and tho date of
the change in entity. .
Upon sach change were any asset values increased or decreased?
If the answer is "yes," doeing balance sheets of old business and opening balancQ
sheets of new business must bo furnished.
BASIS OF RETURN
7. ts this return made on the basis of actual receipts and disbursements? .
If not, describe fully what other basis or method was used in computing net
VALUATION OF INVENTORIES
8. Stato whether the inventories at the beginning and end of the taxable year
were valued at cost, or cost or market, whichever is lower. If other basis waa
tised, describe fully, state why used and the date inventory was last reconciled
with stock.
UST OF ATTACHED SCHEDULES
9. Enter below a list of all schedules accompanying this return, giving for each
a brief title and tho schedule number. The name and address of the corporatioa
should be placed on each separate schedule accompanying the return.
AFFILIATIONS WITH OTHER CORPORATIONS
SEE INSTRUCTION 3B
4. Is this a consolidated return 01 two or insre corporattonB?
If so, procure froratheColJcct-.tr of Internal Revenue for your district Form 851,
AflUiatlotis Schedule, which shall Ix; filled in, sworn to, and filed as a part of this
return. Sec Article 12 (c) ond (rf), Regulations 75.
fi. Did the cur{K>rutlon fiie a cuusohdatcd return fur the preceding taxable
year? »-is7i;
The corporation's books 1
Located at — ■_.
STATISTICS OF INCOME
223
Page i of RetnrA SCHEDULE A— COST OF MANXJFACTURING OR PRODUCING GOODS (See Infltnictlop 2)
(Ectcr &» Item a
Salaries ^d wages
Material and supplies.
SCHEDULE B— PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC
See InatructioD S)
.^..r^r^
2. DATS ACQUUZD
3- —
AILOTABLX Ei»:k
7 Nrr Paonr
(Ent« u Item B)
S_
1
1
1
State how property i
SCHEDULE C— COMPENSATION OF OFFICERS (See Instruction 12)
». Tnil DITOTH)
Sbabu or 8TOC
OWTJXD
or Of
XOITB^.™
., C«n»wi
6. PreTcmd
(EDW4,
Jemia
s
....u
SCHEDULE D— COST OF REPAIRS
On lasbTKtIan 14)
SCHEDULE E— TAXES PAID
(8m Instnictlon 16)
L iTxica
(£flt«rult«i&]0
,u^
<EnL^°
ItmM)
M~
?
S_ . .
1
_ i_„.
1
i.:i_:.
_
SCHEDU1£ F— EXPLANATION OF LOSSES BV FIRE, STORM, ETC. (See Instruction 17)
a. Com OB Valitb
: DSTBECUnON
. DEDCcmu Lcss-
Statg how property -ff£° flcqarred
SCHEDULE G— BAD DEBTS (See TiwtnictJon 18)
SCHEDULE H— DIVIDENDS DEDUCTIBLE (See Instruction 191
'■^S^y?' 1 a- »"»«•=
...^.0,C„OB..O,
AUOC-NT Ot DmOENDa
f f
2. Domestic | 3. Foreisn
s .. . _
,._J. [
,
» ..
1
1
1931- • -
_ 1
SCHEDULE I— EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Instniction 20)
J. EiKD or Pectkett
OrbnCdlocs, stale natedal of wtJch ronstrodtd)
2. Bati AcqnazD
). Aoi Whzm
Acqcueo
.i,S°.-A?5.?^
6 COST OB VA
<.rB
AMOCS? OT DspaCCUTTON C&1BC£D Or»
(EicluslTO or Laad)
0. PtotIoqs 7«n
7. This yew
3
s_ _
1
1 _
AFFIDAVIT
We, the undersigned, president and tres^uira- of the corporatioo for which thb return la made, being severally duly awom, each for bito'iclf deposes and says '
that this rfturn, including the accj^mpp.nyinp echedulcs and stiitements, has been ejcamined by him and is, to the best of Ms knowIed|!e and belief, a tlTia aod'
complete return made ia good faith, for the taxahie year etalcd, pureuant tc the Revenue Act of 1928 and tbe Regulations issued thereunder.
Bwom to and Eubscribed before me thia day of , 1932. . , .:„
See Izutructioc 4? Attach a separate cbeet if any of the above •chedulee do not provide lufHclent spac*
224
STATISTICS OF INCOME
IPsLea 1 of Instructions
INSTRUCTIONS
'Tlie Instructions Numbered 1 to 24 on tills Page Correspond with tho Item Namb&ra on Pago 1 of thfl Rettun
CROSS INCOME AND DEDUCTIONS
1. Gross sales. — If engaged in trading or manufacturing, enter as Item 1 oo
page 1 of the return, the groaa salca, less good^ returned and any aUowancca or
discounts from the saJc price.
Banks, insurance ■-ompanies, and other corporatioDS required to submit state-
ments of incotno aoil expenses to any national, State, municipal, or otbcr public
officer may submit with the return a statement of income and expenses in the
form furnished to such officer, ia lieu of the information requested in Items 1 to
23 of the return, except that a railroad company will submit with the return, a
statement on Form 1090. In such cases the taxable net income will be recon-
ciled by means of Schedule L on page 3 of the return, ^\'ith the net pro5t shoT\'n
by the income and expense statemeat submitted, and should be entered as Item
24 oa page 1 of the return.
2. Cost of goods sold. — Enter as Item 2 the information requested on lines (o)
to (e) and list in Schedule A on page 4 of the return the principal itcmg of cost,
including the amount entered on line (r), the minor items to be grouped in one
Amount. Enter as salaries and wages on line (c) the total comprpsation, during
the period covered by this return, of Individuals employed (exclusive of officers
and firm members).
If the production, purchase, or s-alo of merchandise ic an income-producing
'factor in the trade or business, inventories of merchandise on hand should be
taken at the beginning and end of the taxable year, which may be valued at coi^t.
or cost or market, which ever is lower. Enter the letters "C," or "C or M,"
immediately before the amount column on lines (a) and (e) under Item 2, if the
inventories are valued at either cost, or cost and market, whichever is lower, and
explain fully in question 8 on page 3 the method u.sed. In case the inventories
.reported do not agree v.'ith the balance sheet, attach a statement explaining how
■difference occurred.
3. Gross profit. — Enter as Item 3 the gross profit from trading or manufactur-
ing, which 13 obtained by deducting Item 2, the cost of goods sold as extended,
from Item 1, the net sales.
4. Gross profit from other operations. — Enter as Item 4 the gross profit from
operations ether than trading or manufacturing, stating in the spuce provided the
■nature and amount of the principal items; the minor items should be grouped
in one amount.
5. Interest on bank deposits, etc. — Enter as Item 5 all interest received or
-credited to the corporation during the taxable year on bank deposits, notes,
jnortgages, and corporation bonds.
6. Rents. — Enter as Item 6 the gross amount received for the rent of property.
JVny deductions claimed lor repairs, interest, taxes, and depreciation should be
.included in Items 14, 15, IS, and 20, respectively.
7. Royalties.— Enter as Item 7 the gross amount received aa royalties. If a
deduction ia claimed for depletion, it should be reported as Item 21.
8. Profit from sale of capital assets.— Eater us Item S the amount of gain or
loss from the sale or other di3pr.3itioa of real Citate, stocks, boLds, and capital
Describe the property briefly in Schedule B, and state the actual consideration
or price received, or the fair market value of the property received in exchange.
Expenses oooQccted vr.ih the Ealc, such as commi^biuus paid agents, maybe
deducted in computing tho amount received.
Enter the original coat of tho property, or if it was acquired prior to March 1,
1913, tho fair market value as of that date, whichever is greater. Attach
etatement explaim'ng how value as of March 1, 1913, was determined. Expenses
incidental to the purchasa may be included Ln tho cost if never deducted from
income
Entfir 03 depreciation the amount of exhaustion, wear and tear, obsolescence,
cr depletion which bjis been allowable in respect of auch property eioce date of
acquisition, or since March 1, 1913, if the property was acquired before tbit
dlate. InddditioD. if the property was acquired before March 1, 1913, and if tho
cost of Euch property is greater than its fair market value as of that date, tho cost
*hall bo reduced by the depreciation actually sustained before that date. See
Articles 591 to 604 of Regulations 74.
Subsequent improvements include expenditures for additions, improvements,
-funH r?paira made to restore the property or prolong ita UFcful life. Do not deduct
■ordinary repairs, interest, or taxes in computing gain or loss.
No loce shall t;e recognised in any sale or other disposition of shares of stock or
.securiLiea where the corporation has acquired subatantially identical property
yithi:i 30 dayo before or after the date of such sale, unless the corporation ia
a dealer in stock or Bccurities in the ordinary course of business.
Incase the amount to be entered in Column 7 is a tioductiblc los8,8Uch amount
-should bo preceded by a minus sign or written with red ink.
9. Dividends. — Enter aa Itrm 9 the amount received as dividends (a) from a
■domestic corporation other than a corporation entitled to the benefits of Sec-
tion 251 of tiie Revenue Act of 1928 and other than a corporation organized
under the China Trade Act, 1922, or (fe) from a foreign corporation when it is
rahowQ to the satisfactioa of the Commissioner that more than 50 per cent of
the gross income of such foreign corporation for the three-year period ending
-with the dose of its taxable year preceding the declaration of such dividends (or
■forsuchpartcf Guch period as the corporation has been in existence) was derived
Jromeourcca within the United States.
10. Other income.— Enter as Item 10 all other taxable income for wliich no
j>lacc ia provided ou the return, together with any dividends specifically excluded
;irom Item 9.
11. Total income— Enter as Item 11 the net amount of Items 3 to 10, inclu-
;Blve, after deducting any losses reported in Itcma 3, 4, and S.
12. Compensation of officers. — Enter aj Item 12 the compensation of all
.ofliccrs. in whatever form paid, and Gil in Schedule C, giving the inforrontion
requested.
13. Rent. — Enter as Item 13 rent paid for business property in which th*;
corporalion has no equity.
14. Repairs. — Enter as Item 14 the cost of incidental repairs including tlio
laboTt supplies and olbor items which do not add to tho value or appreciably
■pr6lODg the life of the property. Enter as salaries and wngca tho compensalion,
■during the period covered by thij return, of persons employed direrlly in con-
nection with Clicsc incidental repair.!, .13 shown in Schedule D. Expenditures
.for new bifildings, machinery, equipment, or for permanent improvements or
ibcttcrracnta which incrca.ie tho valuo of the property arc chargeable to capital
.account. Expenditures for restoring or replacing property are not deductible,
.as such expenditures arc chargeable to capital account or to depreciation reserve,
(Icpcodiog ou how depreciation is charged ou tho booka of tho corporation.
List in Schedule D the principal items of cost, grouping tbu minor items in
.pDC auouot.
15 Interest. — Enter as Item 15 interest paid on business indebtedness. Do
not include interest on indebtedness incurred or continued to purchase or carry
obhgations or securities the interest upon which ia wholly exempt from taxation.
10. Taxes. — Enter as Item IG taxes paid or .:^ncrucd during the taxable year.
Do not include Federal income taxes, income taxes claimed as a credit in
Item 32, taxes acscsscd against local b-^nefits tending to increase the valuo of
the property assessed, Federal taxes paid on bonds containing a tax-free cove-
nant, nor tares imposed upoiLsalesJay the manufacturer.
Jist in Schedule E each class of taxes deducted.
17. Losses. — Enter aa Item 17 losses sustained during the year and not com-
pensated for by insurance or othcrv/ise. Losses of b'jsincss property arising from
fire, storm, shipwTcclc, cr other casualty, or from theft, should be explained In
Schedule F, giving the informntioQ requested.
18. Bad debts- — Enter as Item 18 debts, or portions thereof, arising from sales
or services that have been reflected in income, tv hich have been definitely ascer-
tained to be wort hkss and have been charged offuitbln the year, or such reason-
able amount as has been added to a reserve for bad debts withii the year.
If the debts are included in tho deduction claimed, submit a schedule showing
the amounts charged off, and state how each was determined to be worthless.
If the amount deducted is an addition to a reserve, enter in Schedule G tbo
amount of sales charged on account, and the amount of bad debts charged off,
for each of the years iudicatcd.
A debt previously charfjcd off aa bad, if .subocquently* collected, must be
returned as income for the year in which collected.
19. Dividend3.— Enter as Item 10 the dividends described in Instruction 9
which were reported as income in Item 9.
Describe in Schedtilc 11 any 'lividcnds claimed a3 a dcdiction.
20. Depreciaticn. — The amount doductiblo on account of depreciation ia Item
20 is an amount fairly measuring the portion of the investment in depreciable
property by reason of exhaustion, weir and tear, or obsolescence, which is prop-
erly chargeable against the operations of the yjar. If the property was acquired
by purchase oa or after March I, 1913, the amount of depreciation should bo
determined upon the basis of the original cost (not replacement cost) of the prop-
erty, and ihe probable number of years remaining of its useful Iffe. In case tho
property was purchased prior to March 1, l9Ll_the amount of depreciation will
be determined in the same manner, except tha'-lt will be computed oa its original
cost, or the fair market value as of March 1, 1913, whichever is greater. If the
property was acquired in any other manner than by purchase see /\jticle 611 of
Regulations 74. The capital sum to be replaced should be charged off over the
useful life of tho property cither in equal annual instaliments or in accordance
with any other recognized trade practice, such as an apportionment over units
of production. Whatever plan or method of apportionment is adopted must bo
reasonable and must have due regard to operating conditions during the taxable
year. The method adopted should be described m the return. Stocks, bonds,
and Uke securities arc not subject to eshaustion, wear and tear witEia the mean-
ing of the law.
If a deduction is claimed on account of depreciation Schedule I ehall be fiUsd
in, and the total amount claimed Lberein should correspond with the figures
reflected in the balance sheet. In case obsolescence is included, state separately
amount claimed and basis upon which it is computed. Land values must not
be included in this schedule. See Articles 201 to 210 of Regulations 74.
21. Depletion. — If a deduction is rkimcd on account of depletion, secure from
the Collector Form D (minerals), Form E (coal). Form F (miscellaneous nou-
mctals). Form O (oil and gas), or Form T (timber), fill in and file with return.
If complete valuation data have been filed with Questionnaire in prc/ious years,
then file with this return information necessary to bring your depletion schedulo
up to date, setting forth in full etatement of all transactions bearing od deduc-
tions or additions to value of physical assets with explanation of how depletion
deduction for the taxable year has been determined. See .Articles 221 to 257
of Regulations 74,
22. Other deductions. — Enter any other iaductions authorized by law, and file
with the return a schedule showing how each deduction was computed. If a
deduction is claimed on account of a net loss for prior year, see Article 652 of
Regulations 74.
23. Total deductions.— Enter as Item 23 the total of Items 12 to 22, fncluuve.
24. Net income.— Enter as Itsm 24 toe net income, which is obtained by
deducting Item 23 from Item !l. The net income of a corporation shall bo
computed upon the bajie of its taxable year in accordao':© with the method of
accounting regularly employed in keepmg '.ho books, oolesa such method doea
not clearly reflect the incom-*.
COMPUTATION OF TAX
25. The tax is computed upon the amount of net Income In excess of the credit
of $3,000 which may bo claimed in Item 26 by a domestic corporation having a
net income of less than S25,3G0. In such case, if the first or final return of a
corporation Is for a period of less than twelve months, the full credit of S3,000 is
allowed. If the return is made for a fractional part of a year txs effect a change
In the accounting period, the tax shall be computed as provided in Instruction
40. For the credit allowed a corporation organised imder the China Trade Act,
1022, see Section 261 of the Act of 1028.
CREDIT FOR TAXES
2C. A foreign corporation subject to taxation and not coga(*cd In a trade or
businc33 within the United States and not having any office or place of business
therein may claim as a credit in It:m3l my income tas required to be deducted
and withheld at tho source.
27. If a credit is claimed by a domestic corporation in Item 32 on accoimt ol
income tax p.iid to a foreign country or a posKOssIon of tho United States, submit
Form 11 IS with this return, together with the receipt for each such tox paymcub.
In case credit is sought for taxes accrued tho form mubt have attached to it a
certified copy of the return on which each such accrued tas was based, and tho
Comra^^ionc^ may require a bond on Form 1119 for tho payment of any tax
found due it tho tax when paid differs from the wr^:dit claimed. A foreiga
corporation Is not cotitled to tlaiid thij cr.'dit :-isra
STATISTICS OF INCOME
225
Page 3 of Instmctloii3
UABILITY FOR FIUNG RETURNS
28. Corponitioiu generaUy. — Every domestic or resident corporation, joiot-
ctock company, associatioo, or insuraDce company not spccific^tUy exempted by
Section 103 of the Revenue Act of 1928, whether or not having any net income,
must file a return oa this form, or on Form 1120A if for a fiscal year.
29. CorpofBtions in possessions of the United States. — Domestic corporations
within the poaseseiona of the United States (except the Virgin Islands) may
report as gross income only gross income from eoiircca mthin the United Statcj,
provided, (a) 80 per cent or more of the gross income for the three-year period
immediately preceding tho cluso of the taxable year (or such part thereof as
may be applicable) •waa derived from sourcca within a possession of the United
States; and (b) 50 per cent or more of the gross income for such period or auch
part thereof was derived from the active conduct of a trade or buaineaa within
a possesion of the United States.
30. Foreign corporations. — A fordgn corporation subject to the provisions of
the Revenue Act of 1928, regardleas of tho amount of its net income, 1^ required
to file a return with the Collector in whose district is located its principal office
or agency through which is transacted tho business in the United States. The
net income should be computed in accordance with Articles G71 to 93-1 of
RegulaUons 74.
INSURANCE COMPANIES
31. Life insoranca companies. — A life Insurance company isauing life inouranco
and annuity contracts (including contracts of combined life, health, and accident
inaurwice), as defined by Section 201 of the Revenue Act of 192S, shall file its
tax return on Form 1 120L, instead of this form.
32. Mutual inauraoce companies. — A mutual insurance company (other than
a lifo insurance company), in addition to the deductions allowed a corporation,
unless olhenrise allowed, may claim as deductions in Item 22 of the return, (a)
the net addition required by law to be made within the taxable year to reservo
funds (including in the case of an assessment insurance company the actual
deposit of sums with State or Territorial officers pursuant to law as additions
to guarantee or reserve funds); and (6) the sums other than dividendj paid
within the taxable year on policy and annuity contracts.
33. A mutual marine insurance company shall include In its gross income in
Item 4 of this return the gross premiums collected and received, leas amounts
paid for reinsurance, and in addition to the deductions allowed a corporation,
and to a mutual insurance company in Instruction 32 above, unless otherwise
allowed, may chiim as a deduction in Item 22 of the return amounts repaid to
pohcyholdera on account of premiums previously paid by them, and intfireet
paid upon such amounts between the ascertainment and the payment thereof.
34. A mutual insurance company (includinc; intcrinsurance and reciprocal
underwriters, but not including a mutual life or mutual marine insurance com-
pany) requiring its members to make premium deposits to provide for losses
and expenses, in addition to tho deductions allowed a corporation, and to a
mutual insurance company in Instruction 32 above, unless otherwise allowed,
may olaim as a deduction in Item 22 of the return, tho amount of premium
deposits returned to its policyholders and the amount of premium deposits
retained for losses, expenses, and reinsurance reserves.
35. The receipts of shipowners' mutual protection and indenmity associations
not organized for profit, and no part of the net earnings of which inures to the
benefit of any private stockholder or member, arc exempt from taxation; but
such associations Ehnll bo subject as other corporations to the tas upon their
net income from interest, dividends, and rents.
36. Benevolent life insurance associations of a purely local character, mutual
ditch or irrigation companies, mutual or cooperative telephone companies, or
like organizations aro exempt from taxation only if 85 per cent or more of the
income consists of amounts collected from membera for the sole purpose of
meeting losses and expenses.
37. Other insurance companies — The net income of an Insurance company
(other than a life or mufual insurance company referred to above) la the gross
income earned during the taxable year from investment income and from
underwriting income, computed on the basis of the undcrwTiting and investment
exhibit of the Annual Statement approved by the National Convention of
Insurance Commissioners, plus tho gain from the sale or other disposition of
properly, less the deductions for ordinary and necessary expenses, interest,
taxes, losses, bad debts, depreciation, etc., as provided to Article 991 of
Regulations 74.
CONSOLIDATED RETURNS
38. Subject to the" provisions of Section 141 of the Revenue Act of IOCS and
Regulations 75, an affiliated group of corporations may make a rrjaeolidated
relu.-n, in lieu of separate returns. Tho making of a consolidated return, and
the determination, computation, assessment, collection, and adjustment of tax
liabilities under a consolidated return, are governed by Regulations 75. If a
consolidated return is mado for any taxable year, a consolidated retura must
be made for each subsequent taxable year.
39. The parent corporation, when filing a consolidated rrtum on this form,
chall attach thereto a schedule Ehowing the names and addresses of all the
corporations included in the return. Each subsidiary must prepare two dupli-
cate originals of Form 1 122 consenting to Regulations 75 and authorizing th^
making of the return on its behalf. See Article 2(6) of Regulations 75. One of
such forms 6h.".ll be attached to the consolidated return as a part thereof, and
the other shall be filed, at or before the lime the consolidated return is filed,
in the office of the Collector for the subsidiary's district.
40. Supporting schedules shall bo filed with the consolidated r-tum. These
schedules shall be prepared in columnar form, one column being proWded for
each corporation included in the consolidation, one column for a total of like
items before adjustments aro made, one column for intercompany eliminations
and adjustments, and one column for a total of liLe items after giving effect to
the eliminations and adjustments. The items included in the column for
eliminations and adjustments should be symbolized to identify contra items
afi'ected, and suitable explanations appended, if necessary. Similar schedules
shall also contain in columnar form a reconciliation of surplus for each corpora-
lion, together with a reconciliation of the consolidated surplus.
41. Consolidated balance shccta as of the beginning and close of the taxable
year of the group, shall accompany the consolidated return prepared in a form
similar to that required for reconciliation of surplus.
WORKING PAPERS
42- Every corporation should preserve, for inspection by a revenue officer,
working papers showing the balance in each account on the corporation's books
■used in preparing the retiuTi. State in question 9 where books are located t
BALANCE SHEETS
43. The balance sheets on page 2 of the return. Schedule K, should agreo
with the books, or any differences should bo reconcUed. The balance sheet*
for a consolidated return should be furnished In accordance with Instruction
41. All corporations engaged in an interstate and intrastate trade or business
and reporting to the Interstate Commerce Commission and to any national.
State, municipal, or other public officer, may submit, la lieu of Schedule K,
copies of their balance sheets prescribed by said Commission or Stale and munic-
ipal authorities, as at the beginning and end of tho ta.xablc year.
In case the balance sheet as at the beginning of the current taxable year docs
not agree in every respect with the balance sheet which was submitted as at
the end of the previous taxable year the differences should be fully explained
in the space provided tinder Schedule K
PERIOD COVERED
44. E-.cei't in the case of the first return the corporation shall make Ua return
on the basis upon which the return was made for the taxable year immediately
preceding unless, with the app'-.-val of the Commisaioner, a change is made in
the accounting period.
45. If a corporation desires to change its accounting period from fiscal yeaj
to calendar year, frum c-*cndar year to fiscal year, or from one fiscal year to
another fiscal year, an application for such change ehall be made on Form 1128
and forwarded to the Collector prior to the expiration of thirty days from the
cl05C of the proposed taxable year.
46. Wturo the Commissioner approves a change lo the accounting period
the net income computed on the separate return for a fractional part of a yeor
shall be placed on an annual basis by multiplying the amount thereof by twelve
and dinding by the number of months included in the period, and the tax
shall be such part of the tax computed on such annual basis as the number of
months In such period is of twelve months.
TIME AND PLACE FOR FILING
47. The return for the calendar year 1931 must be sent to the Collector of
Internal Revenue for the district in which the corporation's principal office is
located so as to reach the Collector's office on or before March 15, 1932. In
the case of a foreign corporation not having any office or place of busioess in
the United States the return shall be filed on or before June 15, 1932, with the
Collector of Internal Revenue, Baltimore, Maryland.
48. The Collector of Internal Revenue may grant a reasonable extension of
time for filing a return, if application therefor Is made before the date pre-
scribed by law for filing such return, whenever in his judgment good cause exists-
SIGNATURES AND VERIFICATION
49. The return shall be sworn to by the president, vice president, or other
principal officer, and by the treasure*- or assistant treasurer. The return of a
foreign corporation having an agent in the United Stales shall be sworn to by
such agent. If receivers, trustees in bankruptcy, or assignees are operating the
property or business of the corporation, auch receivers, trustees, or assignees
shall execute the return for such corporation under oath. An attorney or agent
employed to represent the corporation before the Department in connection
with its tax liability is not permitted to administer the oath.
PAYMENT OF TAXES
60. The tax should be paid by sending or bringing with the return a check or
money order drawn to the order of " Collector of Internal Revenue at (insert
name of city and State)." Do not send cash by mail, nor pay it In person,
except at the Collector's office.
The tax in the case of a domestic corporation may be paid when the return
is filed, or in four equal installments, as follows: The first installment shall be
paid on or before March 15, 1932, the second installment shall be paid on or
before June 15, 1932, the tbnd installment on or before September 15, 1932,
and the fourth installment on or before December 15, 1932.
If any installment is not paid on the date fixed for its pajTncnt, the whole
amount of the tax unpaid shall be paid upon notice and demand by the Collector.
PENALTIES
51. For willful failure to make and file retura on time. — Not more than $10,000
or imprisonment for not more than one year, or both, and, in addition, 25 per
cent of the amount of tho tax.
52. For willfully mating a false or fraudulent retura. — Not more than SlO.OOO
or imprisonment for not more than five years, or both, and, in addition, 50 per
cent of the amount of the tax.
33. For deficiency in tax. — Interest on deficiency at 6 per cent per annum to
the date the deficiency is assessed, or to the thirtieth day after the filing of a
waiver of the right to file a petition with the Board of Tax Appeals, whichever
date is the earlier, and, in addition 5 per cent of the amount of the deficiency if
due to negligence or intentional disregard of rules and regulations without
intent to defraud, or 50 per cent of the amount of the deficiency if due to fraud.
UNDISTRIBUTED PROFITS
51. If any corporation is formed or availed of for the purpose of preventing
the imposition of the surtax upon its shareholders by permitting its gains and
profits to accumulate instead of being divided or distributed, there shall be
levied, collected, and paid for each taxable year upon the net income of such
corporation a tax equal to 50 per cent of the amount thereof, which shall be in
addition to the lax imposed by Section 13 of the Act. In such case the net
income shall include interest on obligations of the United States issued after
September 1, 1917, which would be subject to tax in whole or in part in the
bands oi an individual oTvner, and dividends received from a domestic corpo*
ration. See Section 104 of the Revenue Act of 1928.
INFORMATION AT THE SOURCE
55. Every corporation making paymcnis oi salariea, wages, Interest, rent,
commifiBioDs, or other fixed or determinable income of Sl,500 cr more during
the calendar year, to a single person, a partnership, or a fiduciary, or S3, 600 ot
more to a married person, or payments of dividends of S500 or more to a person,
a partnership, or a fiduciar>', is required to make a return on Forms 1096 and
1099 showing the amount pf such payments and the name and address of each
recipient. These forms will be furnished by any collector of internal revenue
upon request. Such returns covering the calendar year 1931 must be forwarded
to the Commissioner of Internal Revenue, Sorting Section, Washington, D. C,
in time to be received not later than February 15, 1932. t-ism
226
STATISTICS OF INCOME
Form 1120 li
TRfiASURY DEPARTMENT
INSURANCE COMPANY INCOME TAX RETURN
FOI COWWIES ISSIilKG m WD ANHUir/ COHTMCTS, IHCUIDING COHBIHUI UFE. BUUI. MD KCUDfr MSUUHtE
For Calendar Year 1931
File Tlu* Rehira with the Collector of Intenul Revenue ror Your Diitikt on or Before MuA IS, 1832
Do Nol Writ, in llww Spaces
T3,
Cod. _
Send
Nonktr
PRINT PLAINLY COMPANY'S NAME AND BUSINESS ADDRESS
Diririd
(Name)
{Bum wid NumbOT)
(Post office uid Hute)
Cuh duck M.O. C^.cflnd.
Kindof Builneu.. _
Ffr« P«rin»nt
1 ?*,"'fe* GROSS INCONfE
1. i^ D.,^n™,
1 OmB DBTuminfl
«- Totu.
S
.._..
$_
S
s
2. Dividends on Stock of Domesti
3, Rents (attach schedule)
4- Total Income in Items 1 to 3 (extend total to column 3)
s
S
DE
6. Interest Exempt from Taxatioc
6. Four per cent of the Mean of t
7. Dividends (attach schedule)....
8. Two per cent of the Reserve H
9. Investment Expenses (attach bi
10. TftXftR ...
DUCTIONS
(attach schedule)
$
S
hedulc) ._ ... ._
12, Depreciation, Obsolescence, an
13. Interest on Indebtedness
14. Total DEnncTioNS in
16. Net Income (Item 4 mi
TEMB 5 TO 13 (extend total to column 3)
s
S
nusltemlfl
$
COMPUTATION OF TAX
16. Net Income (Item 15 above)
17. Less Credit of $3,000 (for domestic company
having a net income of less than 825,360)
18. Balance (Item 16 minus Item 17)
19. Net Income of Foreign Company ( % Item 15).
24. Less: Income Tax f aid at Source. (This credit can only be allowed to a Nonresident Foreign Company) I
25. Income Tax Paid a Foreign Country or United States Possession by & Domestic Company (sec Inst. 1S).|
26. Balance of Tax (Item 23 minus Items 24 and 25) „ „
..IZZT
20- Income Tax (12% of Item 18); or
21. If a Foreign company, 12% of Item 19
22. If the Net Income of Domestic Company is less
than £25,360, enteramountin exceesof $26,000.
23. Total Tax (Item 20 sr 21 plus Item 22) „
SCHEDULE A— RESERVE FUNDS
2. BMINNINO Of TaXABLM YEAR
8. E>n> Of T*XABLi yiju
S
s 1
6 De osits Made with State OKc ra b As sm nt C m anies as Re uired b Law
7. Other Reserve Funds (attach itemized statement) _
8. Totals of Items 1 to 7....
1 1
» ! 1 1 Is i
1
, Total of Columns 2 and 3, as Shown in Item 8 above, - S..
. Mean of the Reserve Funds for the Taxable Year (one-half of Item 9) $-,
. Four per cent of the Mean of the Rcser\'e Funds, as Shown in Itom 10 - 8...
. Total Reserve Funds of Forensn Companies at End of Taxable Year upon Business within the United States (attach statement). S..
. Percentage which Item 12 is of Item 8, Column 3 (compute a fraction of one per cent to three decimal figures)
. Give the Title and Sections of State Statutes or Insurance Department Ruhngs Requiring the Reserves Claimed Above.
SCHEDULE B— INVESTED ASSETS BOOK VALUES
LIFE DEPABTMENT
OTBEB DErABTMENTS
Z Bkoinninq or TixiBLK Year
3. End Of Taxable Year
4 DSQIHNIKO or TAZABtA YtAS 6. EMD OF TAXABLE YSAJk
.__ J .
,..__. .L_
_. J 1 Is...:....i i L-..
.J, I 1 Bf 1, "
I I i
-
. 1 1 _..
:::::::;:::::■;: ::::::;i.:..
1 1 1 1
8. ToTALa OP Items 1 to 7
s 1
» ! 1 1 Is I....
....| 1 1$ 1 1 '
9. Total of Columns 2 to 5, Inclusive, as Shown in Item 8 above S...
ID. Mean of the Invested Assct.^ for the Taxable Year (one-half of Item 0) 9-
11. One-fourth of One per cent of the Mean of the Invested Assets 8-
AFFIDAVIT
We, the iindersii^ncd, president and treasurer of the company for which this return \» made, being severally duly aworn, each for himself, deposes and B&ya
that thiB ntiirn, including the actompanyiog schedules and Ftatcmcnts, haa been exumini-d by him and is, to the beet of his knowledge and behcf, a;true and
eompletc return made in good faith fur the taxable year stated, pursuant to the Revenue Act of 192S, and the Reguktions issued thereunder.
1 to and subscribed before me this .
. day of .
E^
PrerideTU.
Trca*vrer.
STATISTICS OF INCOME
227
INSTRUCTIONS
The Instructions Numborerl 1 to 13 on, this Pago Correapoad with the Item Xumbers on Page 1 of the Return
GROSS INCOME AND DEDUCTIONS
1. Interest. — Enter as Item 1 interest roccivoJ from aU sources during the*
taxable year. Interest oq bonds is coasidcred income ^hen due and payable.
2. Dividends. — Enter as Item 2 dividends received on stock of domestic and
foreign corporations.
3. Rents. — Enter os Item 3 rents received from tenant?, including the rental
value of the space occupied in any building o^-ned by tiic company. In case
the rental v.iluc cf a building so occupied is not i.icluded in Ihis amount, no
de<luction on account of sucli building is ullowablc for taxes, other expenses, cud
depreciation in Itc.aa jO. ll.and !2. If those deductions arc claimed,,?, schedule
similar to the lo'.!o\vi.^.s should be furuishcd for each building occupied:
I Ligation o{ y--i'.V.irz —
2. Booltvalucit rn']oll3.\-:ioje=- S
of space octupied by tbe company S
■C. Less: Taitf !
«. Dcprecialioa
4. Totsl income.— Enter as Item 4 the total of Items I to 3, inc'.usive.
5. Interest exempt from taxation. — Enter as Item 5 the amount of interest
received on the f&lloT\-inR obligations which are exempt from taxation: (1)
Obiipations of a State, Territory, or any political siibdivision thereof, or the
District of Columbia; (2) Securities issued under the provisions of the Federal
Farm Loan Act or under the provisions of such Act as amended; and (3) Ob!:-
gations of the Vnited States or its possessions. Submit a schedule showing fee
each class of securities, (o) name of obligation, (it) amount of principal, (c) rate
of interest, and (d) interest received.
6. Four per cent of the mean of the reserve funds.— Enter as Item 6 the
amount reported as Item 11 in Schedule A.
7. Dividends.— Enter as Item 7 the total amount of dividends deductible
under Section 203 (o) (3) of the Revenue Act of 1928. A schedule should be
submittfd showing tlie amount received as dividends, (a) from each domesli':
corporation other than a corporation entitled to the benefits of Section 251 of
the Act and other than a corporation organiiod under the China Trade Act,
1922, and (6) from each foreign corporation when it is shown to the satisfaction
of the Commissioner that more ihan 50 per cent of the gross income of such for-
eign corporation for the three-year period ending with the close of its taxable
year preceding the declaration of such dividends (or for such part of such period
33 the foreign corporation has been in existence) was derived from BOurees
within tlie United States.
S. Two per cent of the reserve held for deferred dividends.— Enter as Item S
an aniDunt crial to 2 per CLiit of the reserve held at the end of the tasaWc year
ford.' ' . ; : ■! ■'■■] . inoiit of which is deferred for a period of not Ici-;
thjii f the policy contract. Do not include in Guch
rt-ii.i . ' ! ' . .■ i;g the following taxable year.
0. inv.. Ltnicn' p.-.pt i-';f •;, — I'liler as Item 9 expenses paid whicli are properly
chargL-:i (.:<_• l-j iiiM.-..! iiiv:iL (.Aiivfiscs, the total amount of which, if there be any
allocation of (jciieral <.:^pcii:.L3 to investment expenses, should not exceed one-
fourth of 1 per cent of the mean of the invested assets reported in Item 11, Schetl-
ule B. Submit a schedule 5ho>ving the nature aud amount of the items included
herein, the minor items being grouped in one amount. Sec Article 793 of
Regulations 74.
10. Taxes. — Enter as Item 10 taxes paid exclusively upon real est ate owned by
the company, and that proportion of the taxes assessed against individual share-
holders rnd paid by the company without reimbursement, as provided in
Article 794 of Regulations 74. Do not include taxes assessed against local
benefits of a kind lending to increase the value of the property assessed, as
for paving, sewers, etc.
11. Other real estate expenses. — Enter as Item 11 all ordinary and necessary
building cxpeascs, such as lire insurance, heat, li^ht, labor, etc., and the cost of
incidental repairs which neither materially add to the value of the property
nor appreciably prolong its life, but keep it in an ordinarily cfTicient operating
condition. Do not include any amount paid out for new buildings or for
permanent improvements or betterments made to increase the value of any
property.
12. Depreciation. — The amount deductible on account of depreciation in
Item 12 is an amount charged oIT which fairly measures the loss during the year
fay reasuu cf exhaustion, wear and tear, or obsolescence in the company's invest-
ment in propcity uFcd in the business. Such an amount should be determined
^jpon tlic t'asis of the cost of the propcily, or if purchased prior to IVlarch 1.
191.^, the to5t or value as of that date, whichever is greater, and the probable
immbcr of years r-^maining of its useful life. If a deduction is made on account
of depreciation the follov.ing schedule must be tilled in and the total amount
claimed therein should correspond with the figures rcHeeted in the company's
books. In case obsolescence is included, state separately the amount claimed
£tnd the basis upon which it is computed. Land values must not be included
in this schedule. Stocks, bonds, and liUc securities are not subject to dc[>re-
ciation within the meaning of the law.
COMPANIES REQUIRED TO PILE A RETURN
17. Liability.— Every domestic or foreign life in-uranoe company that derive ;
income from sources within the United States, issuing life and annuity contract.^
(mcluding Ufc, health, and accident insurr-nce), the reserve funds of which held
for the fulfillment of such contracts mir.prise more than 50 per cent of its total
reserve funds, shall file a return ou this form. See Sections 201 to 203 of the
Revenue Act of 1928.
18. Basis of return. — Aretu
and disbursements basis in co
State Insurance Departmefjt, iuste. dof the a
19. Annual statement.— A copy of :he annual statement for life
companies adopted by the Xafic
the year 1931. as fjled with the Tp
1 of In
■ Depart n
toft
State
PERIOD COVERED
20. The return shall be for the calendar year enflcd December 31, ly.Jl,
TIME AND PLACE FOR FILING
u=;t be sent to the Coliocicr of Internal Revenue for the di-s-
. . . r-ipal ofricc is 'oialcd, so as to reach (lie col-
lector's ofTicc on or before March Ij. 1932. In the case of a foreign company
nof having any olTtee or place of busincrs in the United Slates, the return shall
be filed with Uic Collector of Internal Revenue, Baltimore, Marvlaud. on or
before June 15, 1932.
The Commissioner m.
if application therefor i
return, whenever in his judgment good tause exists.
AFFIDAVIT
22. The return shall be sworn to by the president,
principal olTicor, and by the treasurer or assistant treasurer." The i
foreign company having an agent in the United ttates shall be sworn to by
Eucli .npent. An attorney or agent employed to represent the company before
the Department is not permitted to administer the oath.
PAYMENT OF TAX
23. Tiio tax should be paid bv sending with the return a check or money order
tiriiwn to the order of "Collector of Internal Revenue at (insert name of citv and
St.iti-)." Do not send cash by mail or pay it in person except at the collector's
' president, or other
Kind or properly.
1
KK
C„.,.rv„„»J....c..,o,.,p„ci.„....r.Mo.
"c'Sl'S')'''' ■"■^"''""Lciwred
erealcr(ciriu;iiri r-rcv.j-syc-': 1 This year
1 1
1. 1,
1
1
1
1
1 1
Touts
; 1, 1.
13. Interest on indebtedness.- Enter as iJcm 13 tlic amount of i;.!trts( paid
during the taxable year on the company's indebtedness, exce[)l ■ i . , :i m. : ■
incurred or continued to purcliasc or carry obligations or sei in : i
upon which is wholly exempt from taxation. Interest paid 'm i ., ' ■ I
<)n deposit and surrendered during the taxable year should Le i;; : i_;_.i /:, i.,i,
CREDIT FOR TAXES
14. A foroiEn company subject to taxation and not engaged in a tr.ide or busi-
ness within tlic United States and not having any olTicc or place of business
therein in.iv claim as a credit in Item 24 any iucome tax required to be deducted
and withheld at the source.
15. If credit is claimed in Item 25 for income tax paid to a foreign country
or posscEsi.jn of the United States, Form 1118, together with the receipt for cacfi
euch tax payment, must be submitted with this return. If credit is claimed
for taxes accrued a bond may be also required ou Form 1119. A foreign
compauy is uot entitled to claim this credit.
LIST OF ATTACHED SCHEDULES
16. Attach a list of the srhcdulcs accoi-ipanjing lliis return, giving for each
A brief title and the schedule uumber. i'lace name aud addrt::>s of company
on each schedule.
? total tax in the case of a domestic
the r
:.lln-
npan;
be paid at the time of
follows: The first in.stallmcnt
end installment shall be paid
''■cplember 15,
*>!i;illbo paid on or before March 15, 19;(2,
on or before Juno 15, 1932, the third int^tallment on or before .'^
19.''.2, and the fourth installment on or before Derenib*r 15. 1932
If any installment is not p;iid on the date fixed for its pavment, the whole
; 'uount of thetax unpaid ahall be paid upon notice and demand by the collector.
PENALTIES
~4. For willful failure to make Rnd file a return i
?10,000 or imprisonment for not more than one vear,
25 per cent of the amount of the tax.
2"). For v.'illfully making a false or fraudulent return. — Not more than 510,000
or imprisonment for not more than five years, or both, and, in addition, 50 per
ce.it of the amount of the tax.
26. For deficiency in tax.— Interest on deficiency at 6 per cent per annum to
; date the deficiency is assessed, or to the thirtieth day after the filing of a
■ ith the Board of "Tax Appeals, whichever
* ' ■' t of the defi. iencv if
„-...f ions without mtcat
J defraud, or 50 jjer cent of amount of deficiency if due to fraud.
ht to file
he earlier, and, ia addition, 5 per cent of the a
ee;li,',cnce or intentional disregard of rules and
50 jjer cent of amount of deficic
INFORMATION AT SOURCE
1 making payments of £
27. Every corporation making payments of salaries, wages, interest, rents,
commission?, or other fixed or dotenninable income of SI, 500 or more during the
calendar year lo a single person, a partnership, of a fiduciary, or S3, 500 or more to
a married person, or p;!vmcnt s of dividends of S500 or more "to a pirvon. i part ncr-
sliip, orafiducinry, fsre-|iiired to make a return on Form liV'<. . ll > ■.mh^
the amount of -^'ch pnyuicnts and Ihc name and adrjr. r ni.
e forms v.iU be furnished by any collccto
I'hretun
thcComm:'
Lime to be i
the calendar year K
I of Internal Hcvrnue. Sorting Seeliu
■<l not later lh=n February 15, 1932.
, \\^
. L». C,
QUESTIONS
1. Date of iacorporal'on
2. Under the laws of what State or country?
3. Did the cOiTtpany file r. return under the same r.cme for (be preceding taxable
year? Was the company in any way an outgrowth, result, con-
tinuattoo, or reorganizaltou of a business cr businesses in existence during this or
any prior year sines Deccmb.r 01, 1917? If answer is "yes,"
give name aud address of each prcd.Tc::^or busioc^f, and tlic date of the change
Upon such eliangc were any asset Values increased or decreased?
4. State the amount of deferred dividend funds at the end of the taxable yc
cxcUisivc of any amount held for paymeuts during the following taxable ye.
;cribe method used for dctci
investment expenses shown in Item 9:
6. Is the above method the same as that used in preparing the
Exhibit for 19307 If not, stale change and rcaso
jain and Loss
therefor:
7. Are any general c
xpenscs shown in Itei
\pen3e3 in part assigned t
r included iu the investment
INDEX
A
Page
Accident, casualty, fire insurance companies, etc., income tax returns of
corporations (see also Insurance) 147
Accounts and notes payable, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns shomng net incotne and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Accounts and notes receivable, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 1 60- 177
Returns sho^ang net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Aerial transportation, income tax returns of corporations engaged in (see
also Transportation and other public utilities) ^ — 145
Agricultural machinery and equipment, income tax returns of corporations
engaged in manufacture of (see also Metal products) 144r
Agriculture and related industries:
Corporation income tax returns:
Assets and liabilities, classified 148
Compiled receipts and statutory deductions classified- 130, 134, 138, 148
Consolidated returns 34
Industrial subgroups 142
Returns showmg net income and no net income 21-23^
Total assets classes 160
Years, 1922 to 1931 178
Individual income tax returns:
Net profit from business 15
Airplanes, income tax returns of corporations engaged in manufacture of
(see also Manufacturing not elsewhere classified) 145
Amusements, theaters, motion-picture producers, and motion-picture
theaters, etc., income tax returns of corporations (see also Service) 146
Assets, in corporation balance sheets 28-32
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Revised items. Statistics of Income, 1927 32
Total assets classes 32, 154-159
Years, 1926 to 1931 -- 48
Auto tires and tubes, etc., income tax returns of corporations engaged in
manufacture of (see also .Rubber products) 143
Autobus lines, taxicabs, etc., income tax returns of corporations (see also
Transportation and other public utilities) 145
Average net income, tax, and tax rate percent, individual income tax
returns 4, 59-60
B
Bad debts, corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
229
230 INDEX
Page
'Bakery products, confectionery, etc., income tax returns of corporations
engaged in manufacture of {see also Food products, including beverages) _ 142
Banking and related industries, income tax returns of corporations
engaged in (see also Finance) 147
Beverages, soft drinks, etc., distilling, income tax returns of corporations
engaged in manufacture of {see also Food products, including beverages) . 143
Blast furnaces, steel mills, and rolling mill products, etc., incoine tax
returns of corporations engaged in manufacture of {see also Metal and
its products) 144
Bonded debt and mortgages, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Keturns showing net income and no net income 30
Total assets classes 154-159
Tears, 1926 to 1931 48
Bonds, estate tax returns, by net estate classes 50-53
Boots, shoes, slippers, etc., income tax returns of corporations engaged
in manufacture of {see also Leather and its manufactures) 143
Brokers, stock and bond, etc., income tax returns of corporations {see
also Finance) 147
Building and construction, etc., income tax returns of corporations en-
gaged in {see also Construction) 145
Building materials and supplies, metal, income tax returns of corpora-
tions engaged in manufacture of {see also Metal and its products) 144
Business, individual income tax returns:
Amount and percent 9
Frequency distribution, by size of specific source of income 13
Industrial groups, number, net profit, and percent 15
Net income classes 10, 71
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11
States 69
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income $5,000 and over.. 43-44
Business service, detective bureaus, trade shows, etc., income tax returns
of corporations engaged in {see also Service) 147
C
Canned products, fish, fruit, vegetables, etc., income tax returns of
corporations engaged in manufacture of {see also Food products) 142
Capital assets — real estate, building and equipment in corporation
balance sheets:
Industrial groups 1 48-1 53
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154—159
Years, 1926 to 1931 48
Capital net gain, individual income tax returns 7-8
Income from:
Amount and percent 9
Frequency distribution, by size of specific source of income 14
Net income classes 10, 71
Net income exempt from normal tax 1 7
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11
States 69
Years, 1922 to 1931 42-43
Years, 1922 to 1931, net income of $5,000 and over 43-44
Tax on:
Net income classes 61
Net income classes bv States 75-124
Years, 1922 to 1931.' 38
INDEX 231
Page
Capital net loss, individual income tax returns 7-8
Amount and percent 9
Frequency distribution, by size of specific source of income . 14r
Net income classes 10, 72
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11
States 70
Years, 1926 to 1931 42-43
Years, 1928 to 1931, net income of $5,000 and over 43-44
Tax credit for:
Net income classes 61
Net income classes by States . 75-124
Years, 1924 to 1931 38
Capital stock, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48.
Carpets, floor coverings, etc., income tax returns of corporations engaged
in manufacture of (see also Textiles and their products) 143'
Cartage and storage, income tax returns of corporations engaged in (see
also Transportation and other public utilities) 145^
Cash, in corporation balance sheets:
Industrial groups 1 48-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 4g
Cash dividends paid, in corporation balance sheets:
Industrial groups 130-141, 148-153'
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30"
States 129'
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Years, 1922 to 1931 26
Changes in tax laws affecting comparability of statistical data:
Corporation income tax returns 204-207
Estate tax returns 208-209
Individual income tax returns 198-20S
Charitable bequests, estate tax returns, by net estate classes 50-53-
Chemicals and allied products:
Corporation income tax returns:
Assets and liabilities, classified . 151
Compiled receipts and statutory deductions, classified 132,-
136, 140, 151
Consolidated returns 34
Industrial subgroups 144
Returns showing net income and no net income 21-23^
Total assets classes 169
Years, 1922 to 1931 180
Individual income tax returns:
Net profit from business 15
Clothing, income tax returns of corporations engaged in manufacture of
(see also Textiles and their products) 145
Coal mining, income tax returns of corporations engaged in manufacture
of (see also Mining and quarrying) 142
Commission, income tax returns of corporations (see also Trade) 146
Common stock, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 __. 48
232 INDEX
Community property income, individual income tax returns: Page
Number and amount of net income 6, 66, 68
Compensation of officers, corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Compiled receipts. {See Corporation compiled receipts.)
Consolidated returns for affiliated corporations 33-35
Industrial groups 34
Net income and deficit classes 35
Number of subsidiaries 35
Revised number, "Statistics of Income, 1930" 33
Construction:
Corporation income tax returns:
Assets and liabilities, classified 152
Compiled receipts and statutory deductions, classified 133,
137, 141, 152
Consolidated returns 34
Industrial subgroups 145
Returns showing net income and no net income 2 1-23
Total assets classes 172
Years, 1922 to 1931 181
Individual income tax returns:
Net profit from business 15
Contributions, individual income tax returns:
Amount and percent 9
Net income classes 10, 72
Ko net income, amount 19
No net income, by deficit classes 125
Percentage distribution 12
States 70
Years, 1917, 1920, 1922 to 1931 42-43
Years, 1917, 1922 to 1931, net income of $5,000 and over 43-44
Corporation assets and liabilities, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 32, 154-159
Years, 1926 to 1931 48
Corporation compiled receipts:
Industrial groups J 130-141, 148-153
Industrial groups and total assets classes 160-177
Submitting and not submitting balance sheets 28
Total assets classes 32, 154-159
Corporation deficit:
Assets and liabilities, classified 148-177
Compiled receipts and statutory deductions, classified 130-141, 148-153
Deficit classes 24,35
Deficit classes by years 48
Defined 2-3
Fiscal and part year returns 36-37
Industrial groups 34, 130-141, 148-153,160-177
Industrial groups and subgroups 142-147
Industrial groups by years, 1922 to 1931 178-182
Returns showing net income and no net income 30
States 129
Submitting and not submitting balance sheets 28
Total assets classes 32, 154-177
Years, 1916 to 1931 47
Years, 1922 to 1931, by States 183-193
Years, 1926 to 1931, in corporation balance sheets 48
Corporation income, income tax returns:
Gross:
Consolidated returns 34
Industrial groups 21-23
Industrial groups and subgroups 142-147
Industrial groups by years, 1922 to 1931 178-182
States_.._ 128-129
Years, 1916 to 1931 46
INDEX 233
Corporation income, income tax returns — Continued.
Net: Page
Amount exempt from and amount subject to tax 25
Assets and liabilities 30, 148-177
Compiled receipts and statutory deductions 28, 130-141, 148-159
Consolidated returns 34-35
Defined 2-3
Fiscal year returns 36
Industrial groups 22
Industrial groups and subgroups 142-147
Industrial groups by years, 1922 to 1931 178-182
Net income classes 24, 47
Part year returns 37
States 128
States by years, 1922 to 1931 183-193
Total assets classes 32, 154-177
Years by net income classes 46
Years, 1909 to 1931 47
'Corporation income tax:
Amount and percent 20
Compared with tax collections 3-4
Compiled receipts and statutory deductions 28, 130-141, 148-159
Consolidated returns 34-35
Exemptions from 25
Fiscal year returns 36
Income and profits taxes paid foreign countries 26
Industrial groups 22, 130-141, 148-153
Industrial groups and subgroups 142-147
Industrial groups by years, 1922 to 1931 178-182
Net income classes 24
Part year returns ^ 37
Rates 204-207
States 129
States, by years, 1922 to 1931 183-193
Total assets classes 154-159
War-profits and excess-profits tax by years, 1917 to 1922 46
Years, 1909 to 1931 --- 46
Corporation income tax returns {see also Corporation deficit; Corporation
income; Corporation income tax):
Assets and liabilities, by industrial groups 148, 153, 160-177
Changes in tax laws affecting comparability of statistical data 204-207
Comparison 1931 and 1930 returns 20
Compiled receipts and statutory deductions 28, 130-141, 148-159
Consolidated returns 34-35
Deductions allowed life insurance companies 21
Deductions in. {See Deductions.)
Dividends. {See Dividends paid and Dividends received, Corpora-
tion income tax returns.)
Fiscal and calendar year returns tabulated 1
Fiscal and part year returns 36-37
Geographic distribution 4
Industrial classification 4
Net income and deficit classes 24, 47
Number of —
Industrial groups 21-23
Industrial groups and subgroups 142-147
States 128-129
Years, 1909 to 1931 46
Years, 1928 to 1931, net income and deficit classes 47
Returns showing net income and no net income:
Compiled receipts and statutory deductions 130-141, 148-159
Industrial groups 21-23, 178-182
Industrial groups and subgroups 142-147
Industrial groups by years, 1922 to 1931 178-182
States 128-129
Years, net income and deficit classes 47
Years, 1922 to 1931, by States 183-193
234 INDEX
Corporation income tax returns — Continued. Page
Submitting and not submitting balance sheets 28, 48, 148-159
Total assets classes 32, 154-177
Corporation compiled net profit (or deficit):
Industrial groups 130-141, 148-153
Industrial groups and total assets classes 160-177
Submitting and not submitting balance sheets 28
Total assets classes 32, 154-177
Corporation statutory deductions:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Corporation statutory net income:
Industrial groups 130-141, 148-153
Industrial groups and total assets classes 160-177
Submitting and not submitting balance sheets 28
Total assets classes 32, 154-159
Corporation surplus and undivided profits:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Corporation taxes. {See Corporation income tax; Corporation war-profits
and excess-profits taxes.)
Corporation war-profits and excess-profits taxes:
Amounts, years 1917 to 1922 46
Cost of goods sold, corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Cotton goods — dress goods, plain cloth, etc., income tax returns of cor-
porations engaged in manufacture of (see also Textiles and their prod-
ucts) 143
Counties, number of individual income tax returns by 19
Credits, estate tax returns of resident decedents:
Net estate classes 50-53
States 54-55
Credits, individual income tax returns, classified:
Earned net income 8-9
Net income classes 61
Net income classes by States 75-124
Years, 1922 to 1931 38
D
Debts, unpaid mortgages, etc., estate-tax returns, by net estate classes-- 50-53
Debts, bad, corporation income-tax returns. (See Bad debts.)
Deductions:
Corporation income-tax returns:
Industrial groups 130-141, 148-153
Returns showing net income and no net income 21-23
States 128-129
Total assets classes 154—159
Estate-tax returns:
Net estate classes 50-53
States, resident decedents 54-55
Individual income tax returns:
Amount and percent 9
Net income classes 10-11, 72
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11-12
Prior year loss 70, 72
States 70
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income of $5,000 and over 43-44
INDEX 235
Deductions — ^Continued.
Interest paid:
Corporation income tax returns: Page
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Individual income tax returns:
Defined 16
Net income classes 74
States 73
Years 17
Taxes paid other than income tax:
Corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Individual income tax returns:
Defined 16
Net income classes 74
States 73
Years, 1927-1931 17
Deficit. {See Individual deficit; Corporation deficit.)
Depletion, corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Depreciation, corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154—159
Dividends received:
Corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Individual income tax returns:
Amount and percent 7, 9
Frequency distribution by size of specific source of income 13
Net income classes 10, 71
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11
States 69
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income of $5,000 and over 43-44
Dividends paid to shareholders, corporation income tax returns 26
Industrial groups 130-141, 148-153
Industrial groups and total assets classes 160-177
States 129
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Years, 1922 to 1931 26
Domestic service — laundries, restaurants, etc., income tax returns of cor-
porations (see also Service) 146
E
Earned net income of individuals, tax credit of 25 percent on:
Defined 8-9
Net income classes 61
Net income classes and by States 75-124
Years, 1924 to 1931 38
Electric light and power companies, income tax returns of corporations
(see also Transportation and other public utiHties) 145
Electric railways, etc., income tax returns of corporations (see also Trans-
portation and other public utilities) 145
177160—34 16
236 INDEX
Page
Electric machinery and equipment, income tax returns of corporations en-
gaged in the manufacture of (see also Metal and its products) 144
Estate tax returns:
Changes in tax laws affecting the comparability of statistical data-. 208-209
Defined and distinguished from inheritance tax 49
Net estate classes 50-53
States, resident decedents 54-55
Unaudited returns tabulated 49
Years, 1916 to 1931, resident and nonresident decedents 56
Excess-profits tax:
Corporation income tax returns 46
Individual income tax returns 38
Partnerships 38
Exemptions from tax:
Corporation income tax returns 25
Estate tax returns 50-53
Individual income tax returns 7, 59-60
Factory machinery, etc., income tax returns of corporations engaged in
manufacture of (see also Metal and its products) 144
Farming, cotton, grain, stock, etc., income tax returns of corporations
engaged in (see also Agriculture and related industries) 142
Fertilizers, income tax returns of corporations engaged in manufacture of
(see also Chemicals and allied products) 144
Fiduciary, individual income tax returns:
Amount and percent 9
Net income classes 10, 71
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11
States 69
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income $5,000 and over 43-44
Finance:
Corporation income tax returns:
Assets and liabilities, classified 153
Compiled receipts and statutory deductions, classified- 133, 137, 141, 153
Consolidated returns 34
Industrial subgroups 147
Returns shovi^ing net income and no net income 2 1-23
Special deductions allowed life insurance companies 21
Total assets classes 175
Years, 1920 to 1931 182
Individual income tax returns:
Net profit from business 15
Fiscal year returns:
Corporation:
Month ending the fiscal year 35-36
Net income and deficit classes 36
Individual 1
Food prodvicts, including beverages:
Corporation income tax returns:
Assets and liabilities, classified 149
Compiled receipts and statutory deductions, classified. 131, 135, 139, 149
Consolidated returns 34
Industrial subgroups 142
Returns showing net income and no net income 21-23
Total assets classes 162-163
Years, 1920 to 1931 178
Individual income tax returns:
Net profit from business 15
Foreign taxes:
Corporation income and profits taxes paid foreign countries 26
INDEX 237
Forest products:
Corporation income tax returns: Page
Assets and liabilities, classified 150
Compiled receipts and statutory deductions, classified- 131, 135, 139, 150
Consolidated returns 34
Industrial subgroups 143
Returns showing net income and no net income 21-23
Total assets classes 166-167
Years, 1920 to 1931 180
Individual income tax returns:
Net profit from business 15
Forestry, fishing, ice harvesting, etc., income tax returns of corporations
engaged in {see also Agriculture and related industries) 142
Forms:
Corporation income tax returns, 1120, 1120L 220-227
Individual income tax returns, 1040, 1040A 214-219
Frequency distribution of individual returns by size of income from specific
sources 13-14
Puneral and administrative expenses — estate tax returns, by net estate
classes 50—53
Fur. {See Textiles not elsewhere classified.)
Furniture, etc., income tax returns of corporations engaged in manufacture
of {see also Forest products) 143
G
•Gas companies, artificial and natural, income tax returns of corporations
{see also Transportation and other public utilities) 145
General explanations 1-4
■Geographic distribution of returns defined 4
•Gloves, harness, saddlery, tanning, trunks, etc., income tax returns of cor-
porations engaged in manufacture of {see also Leather and its manufac-
tures) 143
Government securities wholly and partially tax-exempt reported in indi-
vidual income tax returns. {See Tax-exempt obligations.)
Gross corporation income. {See Corporation income.)
Gross estate, estate tax returns:
Net estate classes 50-53
States, resident decedents 54-55
Years, 1916 to 1932, resident and nonresident decedents 56
■Gross profits other than tabulated as gross sales, corporation income tax
returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Gross sales, corporation income tax returns:
Industrial groups . 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
H
Hardware and tools, etc., income tax returns of corporations engaged in
manufacture of {see also Metal and its products) 144
Heads of families, classified, individual income tax returns:
Number and net income _- 6, 65, 67
Holders and lessors of mining property, income tax returns of corporations
{see also Mining and quarrying) 142
Holding companies, income tax returns of corporations {see also Finance). 147
Household machinery and equipment, income tax returns of corporations
engaged in manufacture of {see also Metal and its products; 144
Husbands and wives, individual income tax returns of:
Number and net income 6, 65, 67
I
Income and profits taxes paid foreign countries:
Corporation 26
Income, corporations. {See Corporation income.)
238 INDEX
Income, individuals. {See Individual income.) Page
Income, statement of corporations. {See Corporation income statement.)
Income tax, corporation. {See Corporation income tax.)
Income tax, individual. {See Individual income tax.)
Income tax rates. (iSee Synopsis of income and profits tax rates.)
Income tax returns. (See Corporation income tax returns; Individual in-
come tax returns.)
Individual excess-profits tax 38
Individual income:
Net:
Average per return 4, 59
Defined 2-3
Exempt from normal tax 7
Net income classes 5, 60
Net income classes and by sex and family relationship 67-68
Net income classes and by States 75-124
Percentage distribution 1 1-12
Sex and family relationship 65-68
Simple and cumulative distribution, amounts and percentages, by
net income classes 5, 63
States 59
States and bv sex and family relationship 65-66
Years, 1913 to 1931, amount 37
Years, 1916 to 1931, and by net income classes 39-40
Years, 1921 to 1931, and by States 75-124
Nontaxable, under $10,000:
Net income classes 60-61
Net income classes and by States 75-124
Sources of:
Amount and percent of total 9
Frequency distribution, by size of specific source of income 13-14
Net income classes 10-11, 71-72
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11-12
States 69-70
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income of $5,000 and over 43-44
Total:
Net income classes 10, 72
Percentage distribution : 11
States 70
Individual income tax {see also Individual excess-profits tax; Capital net
gain) :
Amount, average per return, and rate on net income 4, 59-60
Amount, by States and percentages 59
Average per return:
For 1931 and 1930 4
Net income classes 60
States 59
Years, 1916 to 1931, and by net income classes 41
Comparison, 1931 and 1930 4
Credits. {See Credits, individual income tax returns.)
Earned net income 8-9
Net income classes 6, 60-61
Net income classes and by States 75-124
Normal tax:
Net income classes 61
Net income classes and bv States 75-124
Rates- -" 200-201
Years, 1913 to 1931 38
Simple and cumulative distribution, amounts and percentages, by net
income classes 64
States 59
Surtax:
Net income classes 61
Net income classes and bv States 75-124
INDEX 239
Individual income tax — Continued.
Surtax — Continued. Page
Rates 200-201
Years, 1913 to 1931 qc
Total:
Net income classes 6 60-61 64
Net income classes and by States '__ 75-124
States 5g
Years, 1913 to 1931 I" rr-III-'Il.]]^]^ 38
Years, 1916 to 1931, and bv net income classes 40-41
Years, 1921 to 1931, and by States 75-124
Individual income tax returns (see also Individual income; Individual
income tax):
Changes in tax laws affecting comparabilitv of statistical data 198-203
Credits ." 202
Normal tax rates 198-199
Personal exemption 198
Requirements for filing returns 198
Surtax rates 200-201
Comparison 1931 and 1930 returns 4-5
Deductions in. (See Deductions.)
Fiscal year returns tabulated 1-2
Geographic distribution 4
Method of compiling data, individual income tax returns witli net
income under $5,000 2
Net income classes and, under $10,000, bv taxable and nontaxable
returns 1 60-61
Net income classes, by States and, under $10,000, by taxable and
nontaxable returns _' 75-124
No net income 18
Deficit classes 19
Sources of income and deduction 125
States 125
Number of:
Frequency distribution, by size of specific source of income 13-14
Net income classes 60
No net income 125
Sex and family relationship 6, 65-68
Simple and cumulative distribution, percentages bv net income
classes '_ 5_6, 62
States 59 75-124
Taxable and nontaxable returns by years, 1916 to 1931 -._'_ 37
Years, 1913 to 1931 37
Percentage of population filing, by States 59
Procedure in tabulation 2-3
Sex and family relationship:
Amount and percent 6
Net income classes and, under $10,000, bv taxable and nontaxable
returns ^ 67-68
States 65-66
Simple and cumulative distribution, amount, and percent, bv net
income classes 1 5-6 62
Sources of income and deductions:
Amount and percent of total 9
Frequency distribution, by size of specific source of income 13-14
Net income classes 10-11, 71-72
No net income, amount ' 19
No net income, by deficit classes 125
Percentage distribution 11-12
States _ _ _ 69-70
Years, 1916 to 1931 42-43
Years, 1916 to 1931, for net income of $5,000 and over -. 43-44
States 59 75- 1 24
Tax-exempt obligations 18
Unaudited returns tabulated 2
Years, by net income classes 38-39
Years, 1913 to 1931, number, net income, and tax 37-38
240 INDEX
Page ■
Individuals required to file returns, 1913 to 1931. {See Synopsis of income
and profits taxes.)
Industrial classification, corporation income tax returns defined 4
Insurance — estate tax returns, by net estate classes 50-53
Insurance companies, not agents (see also Finance):
Income tax returns of corporations 147
Special deductions allowed 21
Interest other than tax-exempt, individual income tax returns:
Amount and percent 9'
Net income classes 10
No net income, by deficit classes 125'
Percentage distribution 11
Years, 1919 to 1931 42-43-
Years, 1927 to 1931, net income of $5,000 and over 43-44
Interest and other income:
Net income classes 72
No net income 19
States 70'
Interest on Government obligations. {See Tax-exempt obligations.)
Interest paid:
Corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159'
Individual income tax returns:
Net income classes 74
Reported in general deductions and in business deductions 17
States 73
Years, 1927 to 1931 17
Interest received:
Corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154—159
Individual income tax returns:
Amount and percent 7, 10
Net income classes • 10, 18, 71
No net income, amount 19
No net income, deficit classes 125
Percentage distribution 11
States 69
Years, 1927 to 1931 42-43
Years, 1927 to 1931, net income $5,000 and over 43-44
Inventories, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Iron and steel, products of blast furnaces, rolling mills, etc., income tax
returns of corporations engaged in manufacture of {see also Metal and its
products) 144
Jewelry — Precious metal products and processes, income tax returns of
corporations engaged in manufacture of {see also Metal and its products) - 144
Joint returns of husbands and wives 6, 65, 67
Joint stock land banks, income tax returns of corporations {see also
Finance) 147
K
Knit goods, hosiery, sweaters, etc., income tax returns of corporations
engaged in manufacture of {see also Textiles and their products) 143:
INDEX 241
L
Leather and its manufactures:
Corporation incoma tax returns: Pag^
Assets and liabilities, classified 149
Compiled receipts and statutory deductions, classified 131,
135, 139, 149
Consolidated returns 34
Industrial subgroups 143
Returns showing net income and no net income 21-23
Total assets classes 165
Years, 1920 to 1931 179
Individual income tax returns:
Net profit from business 16
Liabilities, in corporation balance sheets 28-32
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Revised items, Statistics of Income, 1927 32
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Life insurance companies, income tax returns of corporations:
Special deductions allowed 21
Loan companies, etc., income tax returns of corprations {see also
Finance) 147
Local transportation, cartage, storage, etc., income tax returns of cor-
porations engaged in {see also Transportation and other public utilities). 145
Locomotives and railroad equipment, income tax returns of corporations
engaged in manufacture of (see also Metal and its products) 144
Loss from sale of real estate, stocks, bonds, etc., individual income tax
returns:
Amount and percent 9
Defined 9
Frequency distribution by size of specific income and deductions — 14
Net income classes 10
No net income 19
Percentage distribution 11
States 70, 72
Tax credit 38,61
Years, 1920 to 1931 42-43
Years, 1928 to 1931, net income of $5,000 and over 44
M
Manufacturing:
Corporation income tax returns:
Assets and liabilities, classified 149-151
Compiled receipts and statutory deductions, classified. 130-133, 149-151
Consolidated returns 34
Industrial subgroups 142-145
Returns showing net income and no net income 21-23
Total assets classes 161-171
Years, 1920 to 1931 178-181
Individual income tax returns:
Net profit from business 15
Manufacturing not elsewhere classified:
Corporation income tax returns:
Assets and liabilities, classified 151
Compiled receipts and statutorj' deductions, classified. 133, 137, 141, 151
Consolidated returns 34
Industrial subgroups 145
Returns showing net income and no net income 21-23
Total assets classes 171
Years, 1920 to 1931 181
Individual income tax returns:
Net profit from business 15
Men, individual income tax returns:
Number and net income 6, 65. 67
242 INDEX
Page
Metal mining, copper, gold, iron, silver, etc., income tax returns of cor-
porations engaged in {see also Mining and quarrying) 142
Metal and its products:
Corporation income tax returns:
Assets and liabilities, classified 151
Compiled receipts and statutory deductions, classified. 132, 136, 140, 151
Consolidated returns 34
Industrial subgroups 144-145
Returns showing net income and no net income 21-23
Total assets classes 170-171
Years, 1920 to 1931 181
Individual income tax returns:
Net profit from business 15
Mill products, bran, flour, etc., income tax returns of corporations engaged
in manufacture of {see also Food products including beverages) 142
Mining and quarrying:
Corporation income tax returns:
Assets and liabilities, classified 148
Compiled receipts and statutory deductions, classified. 130, 134, 138, 148
Consolidated returns . 34
Industrial subgroups 142
Returns showing net income and no net income 21-23
Total assets classes 161
Years, 1920 to 1931 178
Individual income tax returns:
Net profit from business 15
Miscellaneous deductions, corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes , 154-159
Miscellaneous receipts, corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Mortgages, in corporation balance sheets. {See Bonded debt and mort-
gages.)
Mortgages, notes, and cash, estate tax returns, by net estate classes 50-53
Motor vehicles, complete or parts, income tax returns of corporations en-
gaged in manufacture of {see also Metal and its products) 144
Musical instruments, optical goods, etc., income tax returns of corpora-
tions engaged in manufacture of {see also Manufacturing not elsewhere
classified) 145
N
National banks, income tax returns of corporations 147
Net income, corporation or individual. (*See Corporation income; In-
dividual income.)
Net loss from business and partnership, individual income tax returns:
Amount and percent 9
Net income classes 10, 72
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11
States 70
Years, 1926, 1927, 1930, and 1931 43-44
Net loss for prior year:
Corporation income tax returns:
Consolidated returns 34
Defined 25
Exempt from normal tax 25
Fiscal vear returns 36
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Years, 1922-1931 25
INDEX 243
Net loss for prior year — Continued.
Individual income tax returns: Page
Defined 8
Net income classes 72
States 70
Years, 1922 to 1931 8
Net taxable estate, estate tax returns (see also Estate tax returns) :
Defined 49
Net estate classes 50-53
States, resident decedents 54-55
Years, 1916 to 1932, resident and nonresident 56
Normal income tax, individuals {see also Individual income tax)_- 38, 61, 75-124
Notes and accounts payable, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154—159
Years, 1926 to 1931 48
Notes and accounts receivable, in corporation balance sheets:
Industrial groups 148-153'
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
O
Office equipment, etc., income tax returns of corporations engaged in
manufacture of {see also Metal and its products) 144
Oil and gas, income tax returns of corporations engaged in production of
{see also Mining and quarrying) 142
P
Packing-house products, bacon, fresh meats, hams, etc, income tax re-
turns of corporations engaged in manufacture of {see also Food products) _ 142
Paper, pulp, and products:
Corporation income tax returns:
Assets and liabilities, classified 150'
Compiled receipts and statutory deductions 131, 135, 139, 150
Consolidated returns 34
Returns showing net income and no net income 2 1-23
Total assets classes 167
Years, 1920 to 1931 180
Individual income tax returns:
Net profit from business 15
Part year returns, corporation income tax returns 36-37
Partnership returns of income, number of, 1917 to 1931 20
Partnership, individual income from:
Amount and percent 9
Defined 9
Net income classes 10, 71
No net income, amount 19
No net income, deficit classes 125
Percentage distribution 11
States 69
Years, 1917 to 1931 42-43
Years, 1917 to 1931, net income of $5,000 and over 43-44
Personal exemption, individual income tax returns:
Amount and percent 7
Net income classes, and under $10,000 by taxable and nontaxable
returns 60
States 59
Petroleum and other mineral oil refining, income tax returns of corpora-
tions engaged in {see also Chemicals and allied substances) 144
Power of appointment, estate tax returns, by net estate classes 50-53
Precious metals, jewelry, products and processes, etc., income tax returns
of corporations engaged in manufacture of (see also Metal and its
products) 144
244 INDEX
Preferred stock, in corporation balance sheets: Page
Industrial groups 148-1 53
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Printing and publishing:
Corporation income tax returns:
Assets and liabilities, classified 151
Compiled receipts and statutory' deductions, classified 132,
136, 140, 151
Consolidated returns 34
Returns showing net income and no net income 21-23
Total assets classes 168
Years, 1920 to 1931 180
Individual income tax returns:
Net profit from business 15
Professional service, curative, educational, legal, etc., income tax returns
of corporations engaged in {see also Service) 147
Profit from sale of capital assets (real estate, stocks, bonds, etc.) :
Corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sh eets 28
Total assets classes 154-159
Individual income tax returns:
Amount and percent 9
Frequency distribution, by size of specific sources of income 14
Net income classes 10, 71
No net income, amount 19
No net income, by deficit classes 125
Percentage distribution 11
States 1 69
Years 1917 to 1931 _ _ __ 42—43
Years! 1917 to 1931,'ne'tincome"of $5^000 and over 43-44
Property in estate tax returns of resident decedents by net estate classes,
classified 50-53
Public utilities. (See Transportation and other public utilities.)
Q
Quarrying, income tax returns of corporations and individuals engaged in.
(See Mining and quarrying.)
R
Radio broadcasting companies, income tax returns of corporations (see also
Transportation and other public utilities) 146
Radios, complete or in parts, income tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified) 145
Rail transportation, income tax returns of corporations engaged in (see also
Transportation and other public utilities) 145
Real estate, buildings and equipment. (See Capital assets.)
Real estate and holding companies, etc., income tax returns of corporations
(see also Finance) 147
Receipts, compiled, income tax returns of corporations. (See Corporation
^ compiled receipts.)
Rents and royalties:
Corporation income tax returns:
Industrial groups 1.30-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Individual income tax returns:
Amount and percent 9
Frequency distribution, by size of specific source of income 14
Net income classes 10, 71
No net income, amount 19
No net income by deficit classes 125
Percentage distribution 11
INDEX 245
Rents and royalties — Continued.
Individual income tax returns — Continued. Page
States 69
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income of $5,000 and over 43-44
Restaurants, hotels, etc., income tax returns of corporations {see also
Service) 146
Retail trade, income tax returns of corporations engaged in {see also Trade) _ 146
Returns tabulated, individual and corporation 1
JReturns on Form 1040, no net income:
By deficit classes 19
By sources of income and deductions 19, 125
States 125
Revenue Acts 1909 to 1932:
Corporation income tax returns:
Income and profits tax rates, exemptions, and credits 204-207
Extate tax returns:
Tax rates, specific exemption, and credits against estate tax.. 208-209
Individual income tax returns:
Required to file returns, personal exemption, credit for depend-
ents, and normal tax rates -- 198
Supplemental income tax rates and tax credits 202-203
Surtax rates 200-201
Revised items, corporation income tax returns:
Assets and liabilities. Statistics of Income for 1927 32
Consolidated returns. Statistics of Income for 1930 33
Receipts and deductions, Statistics of Income for 1930 32
Royalties. {See Rents and royalties.)
Hubber products:
Corporation income tax returns:
Assets and liabilities, classified 150
Compiled receipts and statutory deductions, classified 131,
135, 139, 150
Consolidated returns 34
Industrial subgroups 143
Returns showing net income and no net income 21-23
Total assets classes 165-166
Years, 1920 to 1931 179
Individual income tax returns:
Net profit from business 15
S
Salaries and wages, individual income from. {See Wages and salaries.)
Sales, gross. {See Gross sales.)
Sale of real estate, stocks, bonds, etc. {See Profits from sale of real estate,
stocks, bonds, etc.)
Sawmill and planing-mill products, income tax returns of corporations
engaged in manufacture of {see also Forest products) 143
Securities, partially tax-exempt. {See Tax-exempt obligations.)
Service:
Corporation income tax returns:
Assets and liabilities, classified 153
Compiled receipts and statutory deductions, classified. 133, 137, 141, 153
Consolidated returns 34
Industrial subgroups 146-147
Returns showing net income and no net income 21-23
Total assets classes 174-175
Years, 1920 to 1931 182
Individual income tax returns:
Net profit from business 15
Shipbuilding and repairing, income tax returns of corporations engaged in
{see also Construction) 145
Silk and rayon goods, etc. — Income tax returns of corporations engaged in
manufacture of {see oiso Textiles and their products) 143
Soft drinks, mineral waters, wine, etc., income tax returns of corporations
engaged in manufacture of {see also Food products) 143
246 INDEX
Sources of income and deductions, individual income tax returns: Page
Amount and percent 9
Frequency distribution by size of specific income and deductions 13-14
Net income classes 10-11, 71-72
No net income, amount 19
No net income, deficit classes 125
Percentage distribution 11-12
States 69-70
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income $5,000 and over 43-44
Specific exemption, estate tax returns, by net estate classes 50-53
State and local securities, reported in individual income tax returns 18
State and municipal bonds, estate tax returns, by net estate classes 50-53
State and private banks, income tax returns of corporations (see also
Finance) 147
Statutory deductions, corporation income tax returns. (See Corporation
statutory deductions.)
Statutory net income, corporation income tax returns. (See Corporation
statutory net income.)
Steam railroads, etc., income tax returns of corporations engaged in (see
also Transportation and other public utilities) 145
Stock and bond brokers, income tax returns of corporations (see also
Finance) 147
Stock dividends in corporation income tax returns. {See Dividends.)
Stock dividends paid, in corporation balance sheets:
Industrial groups 130-141, 148-153
Industrial groups and total assets classes 160-177
States 129
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Years, 1922 to 1931 26
Stone, clay, and glass products:
Corporation income tax returns:
Assets and liabilities, classified 151
Compiled receipts and statutorv deductions, classified 132,
136, 140, 151
Consolidated returns 34
Returns showing net income and no net income 21-23
Total assets classes 169-170
Years, 1920 to 1931 181
Individual income tax returns:
Net profit from business 15
Sugar — cane, beet, maple, etc., income tax returns of corporations engaged
in manufacture of (see also Food products) 142
Surplus and undivided profits, in corporation balance sheets:
Industrial groups 148-153
Industrial groups and total assets classes 160-177
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Surtax, individual income tax (see also Individual income tax) 38, 61, 75-124
Synopsis of income and profits tax rates, estate tax rates, credit and
exemptions affecting comparability of data in Statistics of Income-- 197-209
T
Taxes. (See Corporation income tax; Individual income tax; Estate tax;
Foreign taxes.)
Taxes paid other than income tax:
Corporation income tax returns:
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Individual income tax returns:
Amount reported in general deductions and in business deduc-
tions 16-17
Net income classes 74
States 73
Years, 1927 to 1931 17
INDEX 247
Tax-exempt income (see also Dividends; Exemptions; Tax-exempt invest-
ments) :
Corporation income tax returns: Page
Industrial groups 130-141, 148-153
Submitting and not submitting balance sheets 28
Total assets classes 154-159
Individual income tax returns;
Amount and percent 9
Exempt from normal tax 7
Net income classes 10, 18
No net income 19, 125
Percentage distribution 11
States 69, 7 1
Years, 1919 to 1931... 42-43
Years, 1919 to 1931, net income of $5,000 and over 43-44
Tax-exempt interest. (See Tax-exempt investments.)
Tax-exempt investments:
Corporation income tax returns:
Ind ustrial groups 1 48-153
Returns showing net income and no net income 30
Total assets classes 154-159
Years, 1926 to 1931 48
Estate tax returns, size of net estate 50-53
Individual income tax returns:
Net income classes 18
Tax forms for 1931 214-227
Telephone and telegraph companies, income tax returns of corporations
(see also Transportation and other public utilities) 145
Textiles and their products:
Corporation income tax returns:
Assets and liabilities, classified 149
Compiled receipts and statutory deductions, classified 131,
135, 139, 149
Consolidated returns 34
Industrial subgroups 143
Returns showing net income and no net income 2 1-23
Total assets classes 164
Years, 1922to 1931 179
Individual income tax returns:
Net profit from business 15
Theaters, legitimate, vaudeville, etc., income tax returns of corporations
(see also Service) 146
Tires and tubes, etc., income tax returns of corporations engaged in the
manufacture of (see also Rubber products) 143
Tobacco products, income tax returns of corporations engaged in the
manufacture of 143
Trade:
Corporation income tax returns:
Assets and liabilities, classified 153
Compiled receipts and statutory deductions, classified 133,
137, 141, 153
Consolidated returns 34
Industrial subgroups 146
Returns showing net income and no net income 21-23
Total assets classes 173-174
Years, 1922 to 1931 182
Individual income tax returns:
Net profit from business 15
Transfers made in contemplation of death, estate tax returns, by net estate
classes 50-53
Transportation and other public utilities:
Corporation income tax returns:
Assets and liabilities, classified 152
Compiled receipts and statutory deductions 133, 137, 141, 152
Consolidated returns 34
Industrial subgroups 145
248 INDEX
Transportation and other public utilities — Continued.
Corporation income tax returns — Continued. Page
Returns showing net income and no net income 21-23
Total assets classes 173
Years, 1922 to 1931 182
Individual incoine tax returns:
Net profit from business 15
Trust companies, savings banks, etc., income tax returns of corporations
{see also Finance) 147
U
Undivided profits, corporation income tax returns. {See Surplus and un-
divided profits.)
United States Government bonds, wholly and partially tax-exempt, re-
ported in individual income tax returns {see also Tax-exempt invest-
ments and Tax-exempt income) 18
W
Wages and salaries, individual income tax returns:
Amount and percent 9
Frequency distribution, by size of specific source of income 13
Net income classes 10, 71
No net income, amount 19
No net income, deficit classes 125
Percentage distribution 11
States 69
Years, 1916 to 1931 42-43
Years, 1916 to 1931, net income of $5,000 and over 43-44
War-profits tax. {See Corporation war-profits and excess-profits tax;
Individual excess-profits tax; Partnership war-profits tax.)
Wat3r transportation, income tax returns of corporations {see also Trans-
portation and other public utilities) 145
Wholesale trade, income tax returns of corporations engaged in {see also
Trade) 146
Wives and husbands, joint individual returns of. {See Husbands.)
Wives, separate individual income tax returns of:
Number of returns and amount of net income 6, 65-68
Woolen and worsted goods, income tax returns of corporations engaged in
manufacture of {see also Textiles and their products) 143
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