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Full text of "Statistics of income : compiled from the returns for ..."

BOSTON PUBLIC LIBRARY 



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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 



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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 


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 


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 


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 


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 



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) 





(^) 


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.) 



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« :" iis 

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S23^£?S 

a5 §■■§ « § «. 






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3 

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o 
p. 

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2 

a 
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■a 

8 


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2 Is 2 |l gag a 

lf|li|il|i§§ 

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■aS-ag^^ss-g-Ssg 

g3|g|||£||.S| 




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coco CO 


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M a 

















STATISTICS OF INCOME 



145 



rc -<** lo 



lO lOi-i 



CO a> CD 



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l-H CO Tft 



CD r^^ 



CO r^ i-t 

r- 05 1-1 



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coo i-" 



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c<fo 



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— co>o 



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IN 03 r^H 



CO (N -H 



CO I ^ 



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0.2 

ft-g 



g-£ 



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■c .. 
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a 


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q 








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3 - 


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£ M^ hn 


etc. 
const 
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3o 
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g-2 = 



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32 

03 3 

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&b . 

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law 

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= .2^-*"S'«a"3£<i>^;:: 
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.27"^ 3 g ■" 

few CH w- 



146 



STATISTICS OF INCOME 



60 ^ 










tot^oo 






oso— • c^co 




■* 


10 CO r^ 00 






.sat- 
es® 


CO CO CO 






CO t^r^r^ t^ 






t^l:^ t^ t^ 




M 


















Number 
of returns 
showing 
no in- 
come 
data- 
Inactive 
corpora- 
tions 

1 


— IMCD 


--* 





C<I COC^ t^ 00 


<M 


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■* u:ic<i CO 


^ 




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lO 


CO 


g<oooso>c-i 


r^ 





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05 


im" 


CO 

co" 


CO 


^ 00 







ID 

a 



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0-* CO 


^ 


OS 


T-l "*•<*< 00 CO 


^ 


^ 


(NIM (MCO 


IM 








-^ 


IM CO 00 000 


CO 





CO t^ OOCO 


10 




■3 


COCO--1 


t^ 


C-J 


r^ri lococo 


Tj^ 


CO 


10COU3CO 



























osootro 


CO 


10 


-^ rf" CO oT CO 


>o 




t^^rt 






CO 


OS 





(N C7S CO CO 


IM 


IM 


■-IC^(M 


CO 










CO 


CO-*rt 













a 
























-HOOCC 


_ 


10 


OS lOOS t^ »o 


Tt< 


00 


r^ (MCO OS 












r^ 00 oi 


t^ 


Tf 


00 00 COCJS 


■**! 


r^ 


TJI 10 COtJI 


00 




a 


m 2 


coo t^ 





00 


■-T*" m t^ CO 







rt (M rt T}< 


OS 






§0 




















bO 


^b-ToT 


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■"^ 


10 ^co CO 


■* 


IM 


CO (M O0(M 


ID 




a 


li 


.-1 05 ^ 


t^ 


00 


10 COCS — 1 c^ 


00 


■* 


CO-HOOO 


CO 







o§ 


-f (M 


10 


C£3 


coco 10 CD 
io'cd'^h" 


-lf< 
■* 


00 


TtllM 


r- 


















































CC-H Oi 




N 


— 1 ^(M(NCO 


OS 


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C0»0 00.-H 


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a 


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CO 


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OS 


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Tt<Tti ^}^CM 


ID 




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rH ■* 10 


t^ 


CO 


r^ lOco^H OS 


r>- 


1^ 


CO.-HrtO 


CO 




^ 


a 






















C-1 





■<:1^"C0 CO Tj^'t-T 


CO 


00 


i-i CO 


Ttl 




a> 


a 








^lO 


00 










tf 


:? 






















a) 

is 


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OS 


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(N CO -* r^ 


00 


OS 


000000 


CO 






00 coo 


CO 


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■*(M 00-* .-( 





00 




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M 




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r^ 




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CO 


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00 


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10 


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10 





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CO 


COOO-* t^ CO 





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cocooco 


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a 


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T-l 05 10 


CO 


OS 


CO ''i* i-l -^ CO 





IM 











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00CD-*CS-* 


CO 


10 




CO 






3 








N 


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tH 


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OS -^il t»IM 


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CO t* t^ 







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N 


10 


CD CO 00—1 







Tota 

numb 

of re 

turn: 


CO-* CO 




t^ 


00 .-ICO 000 


10 


CO 


COIMCOO 


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^^ 


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CO 


copfococo 


CD 


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1 


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1 1 1 1 as M 

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i id is -■> 

1 i (B 1 1 XI " 
' ' •- ! i3.tl 
1 It3 Its ■•^ c3 


1 


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oQ a 





















STATISTICS OF INCOME 



147 



Oi 


o 


^^ 




CS CO '* »0 CD 




t^ 00 




OS 




o 


. 


K 


00 


00 




0000 0000 00 




00 00 




00 




OS 


t>. 


CO 


CO 


^ 


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cs 


OS 00 


t^ 


00 


r^ 


^_, 


o 


00 




-^ 




,-t Oi t^ lO 


lO 


coco 








CO 


o 


o 


"5 


00 


»— « 


»r3 i3< ,-H 0> 


*"• 


•"• 


cs 


OS 


CO 


o 


t^ 


*"* 






■^ 


CS <= 


^ 






CO 


00 


CD 


CO 
IO 


■^ 


CO 


oo 


00 


CSt~ •*— 1 o 


lO 


•^ tp 


°; 


OS 


CO 


■^ 


CO 


o 


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(M 


00 


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OS CO 


c<» 


00 


■* 


cs 




m 


00 




cs 


i^o oocs en 


00 


■<J>CR 


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CO 




CO -^ 00 tp cs 


CO 


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cs 


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00 


o 


c^ 


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coo cs o 


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cso 




oo 






t^ 








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cs 


cs 


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OS 

co" 


CD 


o 


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00 


CO t^ cot^ o 


■* 


CD rt 


(^ 


CO 


■^ 


^ u 1 


CO 


03 


CO 


■^ 


■a<oo >oo ^ 


o 


coco 


OS 


f- 


t- 


w 


o 


o 


m 


in 


CO 


OS CO ^ 03 CD 


o 


cocs 


00 


o 


OS 


CO 


cs 


























n' 


Tp 




o 


t~C» •"f— c CO 


t^ 


•o-* 


OS 


Os" 


IO 


s 


■* 






t^ 


00 


•^ t^ r, CD 


CD 


coo 


CO 


OS 


CO 


CO 


1-H 


M 




05 


coos CO o 


CO 




cs 


00 


n 




■TT< 








'^ 


r-T rt" 


•*- 


^'' 


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CO 




>o 


■>»< 


lO 


00 


00 


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OS 


coo 


CO 


cq 


•^ 


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CO 


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CO 




00 


loco cscs o 


CD 




CO 


o 




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p. 




cs 


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lOCD OS O 


CO 


cs OS 




CD 


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cs 


00 


























CO 


CO 


cs 


C<1 


■*t> cs lO 


o 

CO 








t^ 


cs* 


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CO 


CO 


^ 


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CD 


00 t~ 


CO 


m 


CD 


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rr 


o 


Tj< 


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oo 


^t^ ■«■ •* 


00 


■*os 


■<^ 


CO 




o 


CI 


en 


"3 


t- 


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■va OS rt 


•^ 


CO 00 


cs 


■* 






Ol 




























ff 






CSO rt ■* 


TJ1 


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CO 


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00 


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■» 


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t~ 


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CO 


Ol 


CO 00 i-H CO CO 


cs 






■* 


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s' 






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CO 


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IO 




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CO 


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00 


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00 


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TJH 


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COiO 




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cs 




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CD 00 


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CD 


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cs 


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■^ 


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CO >1< 

II 

« . 

«.2 

il 

03 ."J 

£■0 
^ 6a 
g.9 

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OJ.- J3 








*"* 












o 


•a 

a 






1, loan 
okers, 

TUStS. 

nies— 
asing; 


CO 


ScS 

a 




•ill 
§.sg 






•3* 

a 
o 

§ 

D 
» 

> 
O 

i 

> 


ice, n.e.c— Auto camps, ceme 
rade, newspaper syndicates, pho 
ncessionaires of amusements, 
c. 


> 
"3 


ice: 

anking and related industries: 
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 

*n 

3 

■3 

a 

i 

£ 
a 

OJ 

a 

1 

03 

"3 


ompanies: 

urance— Mutual or stock compa 
insurance— Accident, casualty, 
le, title, etc. 


1 

a 

a 

o 

o 

s 

a 

03 

t^ 
3 

.9 

3 


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 

03 

a 
<a 

"3 


1 

> 

*j 03 

§ 1 


a 
o 

■^ 
<2 
o 


neenng, J^ 
usiness sei 
mimeogra 
tising, etc 
ther serv 
board of t 
phers; co 
rooms, et' 


o 


o 


Insurance c^ 
Life ins 
Other 
marin 


o 


o 


a 03 

1 5 

o 

£ 


Ph 


m 


O 




§M 






O 




3 










a 












"S 










s 












^ 


^ 


o 


„ 




CS CO ■* lO CO 




t^ 00 




OS 




o 


i>- 


00 


00 




00 OO 00 00 00 




00 00 




oo 




OS 





§o fl 






OtJ 



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 






;^ 



00 pi. 



00 ■§ 



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e-s; 



4: ■" eg 

si m 2> 

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^^ 1 
^^'^ 

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*^ SS ^ 



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t^ «-^ 

CO ■« 
B « -S 
^ C c. 



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a Sea 

H 4-5T3 



eag 



Jr; PwXS'ia ® S c3 






3 3 <i> -S ,„ ~ 



"« ,o "2 1^ £, 

q (B H o of 









03 Eh c3 



Q ca^g.+ 






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 




g 


1,865 
2,395 
4,765 
3,238 
2,156 

"li,"72i 


S 
S" 


4,472 
4,085 
10, 582 
5,443 
5,967 

'l3,"552 






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 


S5 


t^iN to xa> 1 11-H 1 
l^ ,-1 iC -^ t^ »o 1 1 -, 1 
00 CO CO -H 1 1 ^ 1 


?3 

00 


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 





OiiOOSUMONO'aC 

COOt^iOiMfNOSOs 
^COiOMiOt^O"^ 



■-HOSO^i-HiOCOOO 
'*COI>.'^Ob-h-^ 
COCOCOOOiOOOCM 



Osi:^t*^c^^'<*<ir:) 



oO'^OOsiM-HOl:^ 
O'^cocDiOCOOl^- 
CDCD(MCOOO'-Ht^l:^ 

oT !< t^ i-T i-T os" (>f TjT 



t^iCCOCOI— ■>— 'COCO 
»OOs(Mt"-r^CD'^CD 
0SCDt-O'<J*<MC0<N 



C^l-H-^COCOOr-ICO 



o-^oocooooiioco 

OSb-'^COOICOOSOO 
OsOOtPtPiMCDCM 



(N <N CO -M CO CO 10 



■^(MlOOt'-'^OSr^ 
COCO»-i*O^OSCOOO 
CSI>.OSCDOsiOi-<iO 

.-T ir5" o oT t-^ r>r co" '-T 

0^rHCO!M(Nrt*r-l(M 



CDO-^OqOi— "OsiO 
OOOOMCOiOt^cO 
C^I>.005COCDOOO 

cocood Os"(>f-^CO 



COi-HOC^C^t^iO(N 

»oioosOr-cOir:iO 
C^OsoOCSiO(MOS"<ti 

CO t^ CD 00 O C^r TjT C<f 

Tt^TfHOOS'-lC^'^lO 



|^^osO^-oo^*loco 

i-i»ooooor^osOTt< 

CDrfOCOi-II>OOi-H 
i-T C^ <0 CO CO O r-T o 



t^O0O0l>.00t-C^r-. 

c^c^oiocoi^ooco 



t^OiMOt^OOO^ 
- i-i iM C^ IM »0 CO CO 



OOC^OilMOOiO 

ooosio»ooo<Nr-r-i 
ot-^oscoost^oo 



C^CO'^O'-HCOCOCO 

c^csi*OTjHiooO'H.-i 



OcDOcoOS»OTtHt^ 
COOO'<**'^COCOOS 
t'-Tt^OCOC^'-Ht^OS 

C<r CD CD CN' i-T O Os" CO 
kOt^OOOSCO^iOCO 

i-H r-l (N 10 i-l rH 



i-HCO-^CO"OCOCOiO 
COI>-OcOOO(Nt^CO 



cD(Ncooocoh-r^^ 

COlOC^CNT^r-HOSOO 



TPOOOOlt^OOcOCD 

r-c5.— icoiO'^coco 

T}*0O0'-lt"-l>.i-H 

CO oT c4" .-T -^ O rfl" lO 



(NC^CMCO 



i-iOlCOC^<M-<f(N00 
lO-^r- 'COf^COiO'* 
i-HOCOOCOCOt^i-H 

CO I -^ oi" os" c4" oT CD -h" 

1-H .-H (M Tt* f-f CO 



TtHlOOCOCOTt^lOOO 

(>» lO 00 lO CO CO c^ 
CO O <-H lOCO <M 



ioo ^ 

OOOt-j 



5i 



<N to 

2¥5 



J 0^0 to 03 

Zr-L 100 
V 0000 
J,oooo 

10 f-H lO ■— ' >0 



STATISTICS OF INCOME 



161 



COOSt-hOi-hC^IGOt^O 
C4" --T -<3h" to I> OT CD uO oT 



CNOCD'-'OJr^OOOO 

rti-i-^CC>»OO00'<J<CD 
CO M lO CO i>r :d CO oi" CO 



OTt<»ooo»oa5ai«D.— < 

.-f^COCSOSCOCOOt^ 



COC^iOCDI>.05-<J*-^'^ 



(Mcocoocoiooior^ 
r^-*iot^c^CT><N05a5 
ot^Tjia5coiot^"<i*t^ 

O f-T CD cT lO CO lO lO o 



OOCSCDCDCO'— II^CICO 

co(Mr^aoosOO^(N 

CO C< CO C^ CO O CO CD 



(^^Tt^QO(^^»ococDoo^- 
cocoOTPr>-.— lOOcncD 

r-(MTfOitOOcOtOTj< 

■^ CO oT CO r-T CO 00 i>r lO 

»-ti-iC0rPTf4iM-*cDCO 



COi-iOOOrJ<cDOOOiI>- 
0»0.-<C»COCD'MCDO 
CO>OTt«(N^COCOOOcD 



OSC»i-hCSCOcD(NCDCD 
'-' « ^C0iOOS00l>" 



OOCOCOO-^^rt^rt^OrP 

OOSCOCOfNOSIMiOOS 

coooioioi>.OGor- 

GO cT 1^ (N Os' CO tC O CO 

c^(Niooot>^o:iTpoo 



FHCOrHC^COOcOrHCD 

OOO^CDIMCOlMO'-' 



C^CO"<1^■^0^*COC^^ 



iOGOtOCOast^"<*<<NCO 

CO -^ CO --T c^ o CO 



(NCniOCOOOOiMOOC<l 
COOSi— '(NtM'^OCOCO 

■^Oicoo^oor--Oco 
00 »o CO c<f ^^ i-T (N -^" >-H 



i-H i-H ^ CO .-H C 



OOOitOCOiOcOiOtO 

a5r^03Tt<oiC^uoco-<^ 

r^05'^'^<MC0r^-<^-r*< 

C<r C4" t^ >0 uO ^ ^ CD h^ 

<MCOCO'-"^t^»OCOGO 
T-H i-H Tt^ C^ lO C4 



T-tiOOitO'-<OCO^Tt< 
-^ cocoes TfTt* 00 t--io 

-^ i-T r-T TjT to oT r-H rC <N 
i-iNior^osooo(MO 



CDCO»OCOOOiOCO^ 
Tt^CDOi-^iOu^iOOOi— < 
cDcDOOO-^fNCOcO 

C^" CO (N lO 00 ''J^ »0 

1-1 CO<-H 



OOOOOt^l^t^iOCOiO 
T-HCOOFHCOt-^-^OOI^ 

i-Hi— icooooO'^t^r'- 
lO CO CO t^ 00 cs CO urT r^ 

i-H i-H --H lO C^ CD CS 



r-osasi— •»ot>-t^aico 

t-CDiOCNO!NCO!M 

o-"^ lo cocoes 



; lO' S 7 =^ ^ 



5i 



c;^ "P ^ 6 cf? > 

i 1— I Cfl lO ,— I »0 - 



C5t^aicooooO'-<ooi>- 

^TpOiiOOit^OCDiO 

t^CD^CnCQOSt^COfM 



H CS C<l O Tt< 00 h- 



CD00COCSCO>— (lOCOO 
OOCOOQO'-ICOI>-(N<M 
r-(C0CN*OC<ICOI>-C000 



CO00t^"3C^(Nt^Tt^00 
1— 1^ r-t^C^COi-HlOOS 



lOCD-^COCSCOOOOC^ 
WDOCOlMt^'rriOOCM'^ 

r-lcOOOO'^t^OO'-HtN 



COOOt^^-HOOCO'-HO 
■"^.o i-Hr-lC^iOi-HiOCO 



cooir^cor^TjHuo-^o 

CSJ.-iOC<J-<:t*(N^iOOO 
t-H>..— lOCOiOOOOt^ 



loco-— <r^ooooCT>»o 

(MC^iOiOcOO— ccOcD 
CS --I CS CD 



t^t^C^tOCDCDCOO(>J 
CO'^C^COCO'«*^COOi(M 
OOCSC^t^OOCOi— 100-^ 
CO CO lO ■^'" »o oT tjh" TjT ■;* 



■^oc^io-rt<coa5woo 

^O0I^OOI>.'>*'0OCDOO 
(MOiCntNCOOO-^t-CD 



OOOClOOt^COOOCDOs 



iOTf<t^-<:Ji'<l<C^C^CDiO 

C0CDC0'^»OO'<^i0O 



'OCOOO'^OSCOCOOOCO 
1>-CO*OCOCO*OIMC35CS 



CDCOi-HOOOOCDt^CO'* 
COOOOCOOOCOCOCO^ 
■^■^lOiMOOOCOOiO 



(NO5^i-HTt<CSIC^Tf*O0 

oocor^oocDoot^^"* 

--H f-H C^ 00 CO "O -^ 



OOCOcDCDt-^-— iCOCO 

(NOOt^C^i— iiOtPCOCO 

lO (N t-^ 00 O CD cT ^ .-T 

^ coos CO O 00 



COCOiO-— irt«t>-00'-HCO 
0(N05'<**^CO^iOCO 
t-t^t^COCO^iCCOiO 



iCC^lCSt'-COQOiOOOO 
1— I ^ CO CO t^ O Tf 



OOC^OOiOi-HrHCSCOOS 
OiCOClt-OOOI^COt— 
C0COCOCD(MCOtPCOi-< 



■^tH-HCDiOt^COCDOlM 



i-H .-KM 



c^coooco-^-^cooo 

OcDCOCO-^CSCOtPCO 
0^r-icD05^CO(NO 

lO .-T lo CO lo o lo lO "^ 

(M CS -"^ -^ CO *0 CO 
i-T r-Tco 



CDOOiCr-i— 'OlOiTj^t-i 
t^OO-^COOOiOiOOt 



1— loo-^r^toooc^t^ 

Ood iC O C^CD oTotp 

co-^Tt*r^t^ooooc^oo 

■^ 1— I c^ a> •<*< o .-< 



OOOlOiCDCOfM'^J^iOr- 
OcDC^iO^-rPOOSiO 
MOOOOCOr-it^t^OOiO 



T-HrH-^iOOC^lCOiOC 



''J^OO'-'OCDCOCO':*^ 

cocDr^osoor-cor^o 

COCOtOUOTt^'COOOiiO 



t^OOO"^COt^OOCOt^ 
C^ C^ CO ^ '^ o ■* 



cDCOC^OOcDOiCN^C^ 
•^OI"-CS00OO00C^ 
1— ' O CN t^ »0 t^ — I 



OOOt-j 



C^OOOSCD-^iMCOr^O 

O5ior>-aico»ocoioeo 

•-"OOOOiOOCiXOs 



■ 00500cD"^C^iO»0 
i-t(NCOiOtCOOOO 



OOCDOHMCOCOCO>-I 
'^J^OifN'^OOOOitOw 



O.-'OOOCDCDCDOOO 

(MCSOOt^Oi-tOOrH 

(N<-t (M <» 



i-i»OOt^OOCSCOOOi— I 
lOOtOtNOOOOOOl^- 
C^O5DOOC0G0«300 



OUN'-'^OOl'^COiM 
C^C^iOCOOO^C^CJOi 



lOOO^'^CDOi-^CO 
CDt^-^0«DCDCD.-HTt< 
OTf^Tt<t>.t^00.-iiO 



■rji.— tOiiOiCCOiOiOO 
O(NC0OC0OC0(Ml^ 
COO<M'MCOOfNCO'-i 



i-t 1— t T-< CO <-« CO 00 



OOCDOOcD»OOOCD»Or- 
r-l05CO£^Ot^ir3r-lO 



co'OoO'^r^cocof-Tf 



O'Mr^COUDCO'^OCO 
C^CDtNr-OiCDOOiOCO 
OO'-tO'^OOCDCDCO 



OOiiOC^iOCO'— i"— fiO 

ajO'<»*ooocsoioo»o 

lOCOC^'— iCOOSi— ii— 'CD 



•-H r-lr-l C^ r 



'<*<eor^Tt<iocoTjicocD 

t^CDCOC^OCDOiCO'«^ 
I>-c0O00iMC0t--.l:^0i 



'«*<COi-iCOOSTt<COCDTtH 
C^coOit— t--i-iOI^Tj* 

1-1 (N CO 1— I CO lO Tj< 



—I —I CO 



iO<Mi-ir^O(NCDOO^ 
t^COC^OfMCOi-iOOO 
iOO5C000c0I^-»-iOii— I 

00 OT O CS" O (N O CO (M" 
COOCOiOCOO^OO-*** 
f-l>-<COCO'<J<r-(iOOO"<** 



WOOiOCO-rfCNTt^COtO 
»-i00COCO.— 'CCOOC^'OO 
Tjl^i-tOlCDt^COTpO 



l>C<)i-.CS00'rfiOtOt^ 

i-i»OI>.OCOC005C" 



1-t CO .-< TP r-l 



iO»-H(MiOC^CDC005-^ 
OSt^C^t^COTt^O'^iO 



■■"S^t^OOiOTflMCOCO 
i-iCOCOTjiCOOO»OCO 



r-oooTf.— I.— fC^oi'— ' 

OOIT^COCDOO-^OOO 
OiCOi— iOi00C^OS00»O 



»0'^CDCO"<**OSCOOOCD 
»OCO<Ni— ir-iC^OOCOOO 



ooo-^^r^Oi-^^io 

OcOtPOStPO-^'OcO 
C5r-«t^lOOSb-OC^CO 



OOC^lOt^^Tt^h-OO 

Tt^coooooJOicooor^ 

(NCOOOOO'-iO^t^t^ 



^ CO 1— < ■* ^-H 



I— i00t-*CO'-<OiiOCD-Tti 
COOS-^tNiOCDTfiOTt* 
rHCOOOOSOO'-'CO'— I 



OOOCOOOt-tOicOiOOi 

Oi-iOcOCOiOiOuOO 

i-iCOCOTP»-i»Ot>.0 



"^COOIOIOO'— '0S"^03 
OiCDOiOiCOtrsoOCOTj^ 
<NO0— 'OOO'M^.-l'^ 



OcOCOTt<Tt*OiOOO 

■^lOCO^^QOOCO'^CO 

r-l f-< I-H to CS CD CO 



COOl'^^CTiCDCOiOUO 
OC^-^OCOCOCDOO 

1— i»or^oosi-i»oc^oo 



b-oocoiooo^ococor^ 
ooococot^r-— tTfco 

.— (CIC^C^COCOOOiO 



•n^GOC^-^COOOtOCSCO 
(N^-iCJO-HOOCSC^CO 
(NCOOiOCDtMMCS 



r-i n' lo c^ 1-1 — I 



O^-H I , 



J O C;! to ^ <i 6 O O 

liiiggR^l 

^ O O to O ^^-O O 
''iO-HCMtO^»0'-itO 



162 



STATISTICS OF INCOME 



If 
{Si's 



00 '"* 



is 

CO 'M 



^ V> o 

. 60 ^ I 

60 g e 















42 H rj O 












93 



B-Sp^ 



0.2 

5^ 



-3,3-00 S " 



a oj a o M 
P5 " 



O-O 3 >, 






Cm M 5j O 



aS 






a°25a| 

3 is 3 V ^ S 






rH ,-( C^ t>- CO O —• 



iCi-HOOiOt^'^OOOCO 
OOOCDCOC^'^OOQO'-' 






QO'^OiO'^COOSi-HCO 



■iCOTt^i— lOQCfMOlCO 

loor-cot^fMcoicco 

^U3 ,-(r-4.-t-^.-iCCCO 



1-H-^cD^COOoOCCicO 

r-«oiioocor^o»ow 
^csjiocni-Ht^oi.— i?o 



COiO^C^iOCOCRiOOCO 
00I>'rPcO'<**Tt<C0Tt*<£) 



1— I r-< .— I CC-I PO CX) 



OOlOCOCOOiCCO^OO 
00C^»OCSOC<I.-"'-HCD 



TjHCOlMOli-iCDGOCOai 
1-H 1-t 1-H .— I CO CO 



OSCO-— (h-h-OiOh-fO 
'<*<t^Q00003a3CO'-HO 

CD 00 OT .-H ^ iC |C CO CO 

''^Hcor^cri.— ic^coc^co 

OOt-COtNTfCOCOCOOO 



^ ^ _( COi-HC 



POOi'-HOOCDcO'^COOS 

Oicoior--ot--i--ooo5 

l>.C0C0<MC^-^C0O*O 



OOi-fOOTt*iOCOCOlMO 
OOO-^OO-^CDCOIMCT) 



■^COOOOC^ICDCOC^O 

coor-m^oioooi 

OOO^OOOiOCDOfM 



OCOOt-HC^CMCOcO-— I 
rj< CO 00 000s ^O coco 



t-OiCO-— 'OlCOfMiOi— I 
OOOOOliOCOOiiOCNTh 
COO-<S^'-t'-«iOt^(NO 



t^c^cococnc^ooioio 
cOTjHcor^'^'-<o-^cD 

.-H ^ C^ 00 -^ o »o 



0*0'<*<t^(NOiCO<N 



>(M Oi COOO 10 O 
< t^ (N O iC 0<N 

• CD CO CS CI tM <M 

to 10 CD TtH^O CO 
S ^ (M -^ 00 Oi ^ 
1-1 ^ -^ C^IXM 

of 



(MCOOi^'M'^OOOi^ 



i:^(Mr^Tt<t^T*4oo(M,-H 



. CD CD en 1-H »o CO 

*■< t^ 'Tt* 00 (M 1-H 
^ i-H .-< O 00 C75 

rooooToT 

. J ^ lO w i-t 

5 CO CO l>- C^ CD O 



O500»OCOCO^»Ow--t 



Tt*050COCD-HOlC^^ 
iO(McOt>-COOOr^C<ICD 

^^COi-Hr-lO-HOOC^C^ 



OiOOO^^OlCOOOCD 

cnOiM'Moo'OC^cot^ 
-^CDTj<cDOicDt^0000 



■^OCOOit~^O^C^C<l 
C^O'^CD^^OOOOiO 
CDCOiOOOCO'MOOCOr-i 



00CDOCDOCR05(M(N 
OOCOOOCliOOOC^C^CO 
i-HC^iOCOOO^OCOUOiO 



(M 1-H CO Ol Oi 



OiOcDC^^cDcDiO--H 

co^c^io^-r^ioiooo 



r--..— <o5eoc^^r^ot>- 

OiiMOO(MOO'-H(M<£)i-H 
tHC^cOCOO-^OSi-h 



00iMC000O»O00"^CD 

lococ^osoocoi— ioa> 

f-HOOOOi-HOOOS^OiO 



t--.iOTt<CD003'^aiCD 

C0'*00»or-O"0b- 

i-Hi-hcOCOCOOOtJiOI^ 



Wi-HOOt-HCDr^COOCD 
CDb--^OCO(Nas-^t^ 

t^TPOicooot^coro 



Tj* 00 CC ^ 0-i C<i 



-as 



OOOrrt 

»o O - I I cb O 
O to 0^-^.00 

.-H M to --H «0 r-. »0 



lor-oooir^^cDcDOJ 

^r-(t^iOOCDCOCDOO 
CDOOOOt^OSOSOSCOOi 

CS (N CO 00 O to CO I>r CO 

f-H W .-H toco 



cotot^tot--o-^osoo 

COC^CD(N<N-HO-^CO 
i-HOOCDcDO-^OOO 

to to c^ CO r>r tjh' lo oT c^ 

t-1 1-H t-H CO <M to to 



i-HiO-'^'^J^COt^t-COO 
CDOJOOt^COCD(M(NCO 
i-hoOOSCOOOOi-hOOtH 

tOtOC^-^r-^CDCOCDiO 

I-H r-H 1-H CO C^ CO CD 



icor'-ooO'OTji.-Hi-H 

-00 '^OS 



5I^-'<tiO'^tOOit--t-H 



05 ^ t^ 1— < ^ I 

to" CO 00 O 00 OT CO t^ CO 

co-^ooooc^cor-i-Hoo 

i-Hi-hCNC^COCCMOKN 



toOfNC^CS^'^COCD 

^c^lO^^-.TT<^*co■^ 

Ot-OOt-^OSCOOSCOi-H 
th" rHWCOOT 



r-(iOCOOTt<t-»COC^t-» 

OOOOQ'-'CD'^OOO'^ 
OCOSiCJcOt^OOGOOO 

TPi-T'^co'coorcDcoo 

CO'^OOt— C^tOCOOSCO 
i-Hi-H(MC^C0COCS00C^ 



|>.Oi— Ir-HCOCOCOCOO 
l>.Tt<C^'-H'-H^'^tO00 

OOOt^r^i-KMCDC^t-* 
!> to CtT 00 O CO CO 00 CD 

" ' .0000 CD r^ 



1-H CO -^ !» 00 00 C 



CN-^t^fOOcOcOOOOS 
'*00(Nh-C<l05OT'tO 

OOCOCOCOOtOt^Tt<Oi 



ooi>-toto^oc^oiai 

(MCOI-^I>»00t^O5C^^ 



OiCl-^t^MtO"^-— IC^ 

OiCSI--cOCOOOcDC^CO 
OOCDCiTt^CDOOOOCOCO 

cT o to rC (>f rC TjT tC 



CDCOCOTt^Tj^tOOOcDO 

^^^i^coc^coooi^ 

COCOCOtO00i-Hl>tOCO 
irf '^ 1-h" cf O -^ Tt^ CO oT 

I-H r-H .— I ("O 1— ' to CO 



rfCOi-HCDh-OStOlOOi 

OiO'-<a>t^cCCD--HoO 
.-H050soDi>coco»oi:^ 

^ <n" to" I-H CO r^ CO c*f r-T 

r-l.-.iM<N(NCO'-iCD'-H 



r^cOi-HCS.— icot^ooos 
■^osost^r^tocDt^O 
ooc^coi— ir-Hcocor^i-t 

TpCcTcri-HiOtotOCDtO 

lor-r-oO'-H'— i-^t-^os 

^ rt (M to C^OO t- 



OOi'^OtM-rHtNOSCD 
C3'**''— 'OCOt^OSOSOi 
i-HO-^COCOOOC^t^O 

OC^C^tOt^COoTcDCO 

CO-^OlOiOSCOOStQCO 



OOOCO-^"^t^^"^C^ 
COCMCOOOtO-Hr;^CO 
(N00CD"rt*r-Hl>.C^OC^ 



CDb»OiOOI>-l^C^cO 

.-H (N CO CO CN O r^ 



oco-^oscsocototo 

.— (O0iiOC^00t--05C0 
COt--"n''^t^CDCSC^-^ 



(NCOtOtOt^OClC^C 

.-Hi— icoco'^O'^co': 



'^tOOJCO'-'t^COOStO 

.-HiOh-^i-HTt^coroi-i 

CO O O to coc^ 



OOO—j 






oioo - -00 

— I(M S? 1-1 "O rH W 



STATISTICS OF INCOME 



163 



COCO'— t-^OS'^'OC^iO 

i-T .-T i-T 'i^' i-T c^ lO 



I>-COO^COC^lQO'-'<-i 

r-T o 00 '^ CO CO oi" cT ^ 



CDGOCCOtMCCCSCOO 
l:-CSCOCMOCOCOC^I>- 



C^-<:J<COTt<r^COt^OiO 

ClOI^O-^OOOOiO 
t^i-fOOI^OOiMOSOS 

cvT lo r-T CO CO ci -^ o C3 

»-li-«lM(MCq-^,-(iCOi 



OiCOOiCOOSC^r^COC^ 
OO-«J*i0C0C0C^G0^ 
COOt-COXiOOCSOC^ 



00'-<CCC^TfO0S05l>- 

OeocOTt^r^b-ojcoio 

O CO t>r O oi" C^ 00 CO c4" 

ccc^cooO'-<^or* 



"^ooot^ooosr^co 

■^C^iOCOCOCOiOCOfO 
OiMOOCJCOr-HOiCO-^** 

ooTr-T"' TjTco^oi"'-r 
cs ^ ^ wcocsoico 



COrJ^C^JasOt^JOOOO-^ 

(Mf-Hi— lOoor^cooico 

^,_(,-(Tj<»OiOCOTf<C^ 

00 1^ CO "^ 00 otT r-T oT CO 

'<J<iOOMr^OOQO^^ 



O^C^COOOiOOCOCO 
COOCOOSCOI>'0'-*05 

oosaic^'^'oooooo 
cC-^-^ooTcocooro 

.-H 1-4 .— t t^ -^ CO 00 



<Mr^05iOOCO»Ot-»uO 
CO-^C^QOt^OitNOO 

TP-^I-HOOCOCOrHOOOO 

■^ t^ CO CO lO o ^ to '-7 
r-* ^ .-« X" -^ rf* OS 



C0^Q0C0<O— ti-HCOTt^ 
OOOiOiOCOt-'^CO.— t 



CSC^'^T'^COOOC^OSO 



O^^OCOCDCO'^CO 

wt-*osc^cooc^co»o 

io CO c^ tjh" CO -^a^ o 00 TjT 

CDOOOOt-t— lOCOiOCO 

r-H ^ ^ Tji (M t^ O) 



»OC0»O»Oi— lOOI— 00-^ 
Ir-CO-^OOOSOiiOOi'^ 
C^OCOOS-— iCi^cDOS 

lOCOTj*"cOTt^"iO"Tjrir£"TlH' 
CO'<*<CTiOOOOOC^O'M 



OiCOOlt^-'OCOO— it^ 
i-HrTTPO'OOCOOSOOi 

oT CO ^ -"-T tC -^ O OC 
i-iCOCOC^r-COOi-^ 



osrt<-<*ooooa5t^oo 

COCiCOt^CStNCOCOiO 
c4" -^ O 00 00 O CO c^ ^ 
t-li-iCOtNC^CDCNaJ-^ 



COOOCOCOiOOOC^r-tt^ 
t^t^iOOi^C^CO-* 
O --t ^ *0 <M 01 



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vii^ 



osoooocoocooso-^ 
CO-— ic^o<Mr-ooooo 



C^ lOCO-^ CO 



CO(NWHOCOOCOTt<^ 
50 01 OOCOCSI 00 o—< 
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C0 0J!O"*i-<O00^I^ 
OCOtOOS»OCOCSCO"^ 
r-1 >0 1— t Tf 05 -^ <— I O 



COCOOliOOl-^OSCOCO 

OOCOCDr^i— lO-— 1050 
lOf-Ht^OOr-iOSOOCOOO 



i-tC^OOTPOS'^O^^HO 

CO ca o r^ 



OOt^OOOOt^"<**CO'-< 

ioiooo»or~-»ot^oo 

lOi-tOOOOS'OCOt^'-t 



i-tCSOO'^OO'^CSt^'-H 



OCOOOt-^-^'^'^C^OO 
•^C^OCOOOCDCiCOO 

r-lT-<C5COOS'»t^CO'^ 



r-( t>- lO t^O 



C^iOOlC^iOOS'^COOS 
^iOt-c0U300r*0sO 
CO^iOOSO'-HCOOOi-H 



C^ CO 05 CO lO c 



^oscococooso^T-j 
c^iot-~cc»ooi>»o 



Ot^f— 'OOi— <t^'— '04C0 

iOTt<--tCO00i— IC^CDCO 



t^ocooooco-^coo 

COcOOi-^COCOOOCO'Tji 
CO^C<IO5-^CO<>>00CO 



T-Hioc^cO'— <r-i-Ht-~ 



OaiCOCDOiCSI>->— <iO 
C^01005"^CO'— liOCl 
i-HC^OOCOiOCO'TjHCOO 



COTt^OSOCOO'— 't-CO 
i-iOOOSCOr-it^OI^-O 
CSCOOO^cOOb-OOi-H 



Wr-<(N 000001 



iOOiOOCO»JOOIi-HCOOS 
CCO«0'-<C'4iOa5.-«-^ 
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3 ooo-^ r-^ 



a; 



oo ^ 
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jo "oo^ -oo 





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CO 






















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^ 


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cq rt eococ<3>o 1 






•= ■= •= "> "= -= I 


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ICO 


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to « « f- t> <-! [ 




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MNtfTcOi-ro 1 


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t^(M— 1 COM • 






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OC^OOMOOCO 1 


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eooMoseo^ i 




CM 




I05 


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1 CO 


o 










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ICO 


CO 






=2 


































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Mdcnoocaej • 




5? 




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2 








M 1£3 00 OJ •«*< 00 1 












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fei 




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1 100 


o 








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1 1TJ1 




ootoco>oooic> 


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1 i ; i i ioi 


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"3 


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Under 50 
50-100— 
100-260- 
250-500- 
500-1,000 
1,000-5,00 
5,000-10,0 


3 fl M 


o 


= C3 en 

= og 

5g5 


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164 



STATISTICS OF INCOME 






S 8 









S'JS 



•^ 8 



T3 



1^1 



5> w o 



03 g e 












^j e OB 

< 



O S 



*~t r^ ^^ 



S w 






r; H H o 



nQ,ca 






J- 2'S^'S ® ii 03 






CO 03X5 '^ 



Ph fe 






■2 '^"tj 



; g'rt 



3sa 



"3 ckS" 



o- S2 Qi ^ + 



I a-^ 



ja" oj 03 ■ „ „ 



A "^ G r- " i2 



COQOO»OOiCCO 

t^ CO CO ^ o CO tr> 

CO 05 CO .-t o o 00 



W ->^ CO »oco 



CO CO O C<l CO T-H 00 
l>- (N 05 "3 t^ »n "-l 

(M Oi O t-- O 00 OS 

CO C^" CO l>^ O -SH* -<1H* 



O 10 "* uo »0 Tt< C^ 

00 -^ r* 00 o 00 03 
c^i 03 >-< 00 CO i-H 10 



CO wcot^O CO 10 



00 -Tt^ 1-H 10 'Tt^ CO o 
OS 10 r-t iCi (N O 05 
00 OS O CO 00 CO OS 

o w" ^^ 00 Tj?" '^ ^ 

OS CO OS 10 !>. 00 CO 

.-i 1-1 C^ C^ C^ rt* rH 



1— I (N OS Tf ^ '^ O 
00 O OSO OS OS CO 
00 (N CO ■* t^ t^ O 



COOt^OO ^OS 

00 i-H CO ir-* CO t^ r- 

O 00 CO OS rr lO C^I 

Os" i-T -"^ Tp O 10 t^ 
00 CD OS lO r^ t* (M 



00 '^ CO 10 CO 10 i-H 
10 O OS Cs| Tt< OS 00 
00 l>- 00 '-' CD <N 10 

COt^CS-^cDCDt-T 
C^ CO lO-^ »o 



CO CO r^ CO CO CO 00 

10 CO CO O 10 1— I '^ 
O C<l >0 -Tf< Tj^ »0 CO 



(M C^ uO 10 CD CD -^ 



O O OS t^ C^ CD 'tt- 
CD t-l CD t^ 00 ^ CN 
cq ,-1 ,-H t- CO (N t^ 



1-H CS CO O IM OS rr 



10 CO I— t lO 00 t^ 10 

o (N r^ '"*' (N OS Tt* 

t^(M OO<N00C^ 



10 1— I ic OS lo r^ 1-H 
■^ CO TT^ lo r^ CO 10 

10 *0 «— I O O O CD 



(M CO CD 'Tti CO O OS 
1-1 T-H CS <M CS '^ 



00 OS (M (M CO 10 ^ 

00 CO CD "!}< 00 c^ r- 

1-1 O rH t^ (N 00 CD 



tPOQOOS 1-1OO 
■^ 10 r-1 (N 00 '^ iC 



t^ --( t^ CO r-H CO O 

O^^O tN ^ OsiO 

to CD 10 r^ CO h- o 
os" o 10 1-^ i-T o CO 

1-1 CO -^ t* 00 10 



OS OS lO »0 OS CO »o 

CO -^ t^ CO r^ r-H 

Tt< CO CO 10 i-H 10 t- 



i T-H lO CO lO Tt< ■rf 
»-l (N C^J CO 00 CO 



SCO CD Ol<M ' 

(n" CO 10 o oT (>r i-T 

(>J C^) -^ -^ Tf O CO 



ooosiooot^t^c^oc--* 

(MOSCOCO»OOC^'— <_, 
1— iCDlT^COlMtM ^ 



gSs ^' 




t>g 



3 l-< to r-( IC^ 



O0'-«eot-oso 

OS CD lO O OS "^ b* 

10 OS o 10 CO eo tp 
c^c^cocq'od 



00 10 CO M r^ CD 00 
OS (M CO 1-1 CD 00 CO 
00 (M 00 O CO t^ 'i** 

00 OS ci' t^ c^ co*"-^" 

Cq .-* CO M CO 00 CO 



''J^ OS t^ o o ■«** OS 
10 CD ''^^ CO (M "^ CO 
00 1-1 CO M OS "^ CO 

00 oT c^ t-T i-T i-Tco 

C^ 1-" CO (N CO 00 CO 



CO C^ O rt^ CO O OS 
CO (M OS O CN CO -^ 
C^ CO O CO 1—1 OS CO 

'^l^ 00" <>J" CO r-T O CO 

t^ O CO .-" CO 00 OS 

N cq CO CO CO r- c^ 



-H OS t^ 10 r* CD CO 

»0 ■«*' Tt< OS t^ 1-1 t^ 
CO CO 00 "3 O W Tji 



O '-*'<*' O Tj< 10 00 

1— I OS '^ -^ t^ CO c<S 

10 CO 10 OS --H OS i>- 

o CO i~-r 00 >c i-T CO 

t^ O (M O CS COOO 
Cq C^ CO CO CO t>- c^ 



^ o c^ CO u:) 00 CD 

) CSl O CO <N CD CO 



»-H t>. 10 OS 10 OS C^ 
■^i-^CO <N -^OS 



00 Oi CO CO 10 uti 00 
00 OSOi-hOS^ 
I> CO CO CD OS 00 OS 



1-H t^ t^ CO O l^ "* 
t^ 10 .-I <N CD CO I> 



00 t^ CO OS O 00 OS 

00 Tt< 10 csi t^ T-i r^ 

l> 00 -^ Tt^ 00 CO CO 



CO 00 Tt* (M 00 O »-< 



^ t^ CD (M 00 OS 00 
CO 1-1 00 O OS ^ cs 
CO 00 t^ t^ 00 CO OS 

of CO* o (>f CO*" OS i>r 

1-H i-l r-( Tt* rH 



CO CO OS h- O OS '^ 
•-' (M O 00 CS CO t^ 

•^ t>- CO CO CO W3 O 

*o i-T '^ 00 --^ i^ o 

CO CO CD »0 CO -^ -^ 



C^l O T-H CD CD O CO 
1-1 ># 00 T-H '<** I** CD 
CO OS OS 10 OS 1-t t-^ 

r-T 00 C<i" O CO oT ^"^ 

00 00 OS 10 (M 1—1 CO 

r-1 O) COO'^ 



00 CO i-H 00 O IM (M 
CO lO CD .— I CO "^ rp 
OS OS OS t^ cq o t^ 

oT (N 10 CO ^ i-T c^"" 

l-l C^ CD O ''t^ O r-( 

rH i-iiO(N 



00 00 CO o o CO r^ 

iO 00 <* CD CO O CO 
OS ^ rH 00 i-< CD -^ 

i-T -^ iC 10 (m" 00 u:5" 
N C^ Tt< lO t^ o t^ 



>0 O CO CO f-H CO 1— I 
O C-1 -— I CO CO OS Tf< 
O OS 00 I>- 1-H 10 1^ 

oi" i-H CO CO CO b^oT 

CO CO »0 10 CO "0 CD 



lOOS.— lOi-HCOrfOi— t 






00 

10 o 



° 5 <= T3 K 






H-i52Sb 



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 


■ CO 

t TJH 


i 


557 
710 
1,592 
1,529 
912 
5,669 
1,635 


ICO 
ICO 


55 

o 


22,091 
33, 126 
68,628 
48, 918 
34, 182 
100, 432 
36, 916 






O 00 t— t iO(M to 1 

oomM 1 t^e<io 1 


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 

iC5 


CO 


166 
515 
2,308 
1.931 
4.208 
10. 973 
5.893 


ICO 
1 t^ 

iCT. 

1 oq 


a> 


60 
244 
475 
309 
460 
1.439 
591 




co" 


1.719 
2.336 
4.926 
3,217 
3,561 
6,856 
5.475 


.00 

I-* 

i 


IN 

(N 

CO 


6.380 
9.392 
22. 775 
22, 418 
21. 653 
69. 493 
34. 148 


< O 

12 


OT 

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 

Iccf 
1-* 


o 
(^ 

00 

o 


2,929 
4,505 

10, 113 
8,655 
6,698 

21,963 
9,530 




00 


COCOOCMCVIIOXO^ 
COCO -^ COCO CO ^ 


■^ 1 


i 


Under 50 

50-100...- 

100-250 

250-500. 

500-1,000 

1.000-5.000 

5,000-10,000 

10,000-50,000* 


11 

<= 03 

OF" 


"3 
o 



»-hC^I«-^05000CO 



C^OS^OcOCDOil:^ 
COOSNlOCOOSUOCO 

»OCDiM'<J<COCDC^i-H 

"^ CS CO lO t^ GO t^ i-H 



OOO'-tCOiOO^OCO 
O0300C0C0t^O»D 

lOCO'-HCOi— li-Hi-tO 

■^ C^ CD lO (^ 00 t-^ "-^ 



OC^iOOCO— '00"^ 
0>OiOOCDCOC^O 
t^Orp-^COC^KNiO 

Os" Os" M CO 00 I-^ 00 CO 
C^C^CDirjiOTt^cDOS 



t^05CD05iOrJ*r^iO 
iO^^(N^^C0Tt*C^05 



CO-^OSTt^I^t^-OOO 

•--'t^csc^asTj<h-05 

as" 00 i-H lo CO CO »o" o 

C^CSCOtO»0"^C003 



CD-^t-COOOOCOW 
COC^OOCSCOOO'^iO 
1— 'COWOiOt^COiO 

OOi-h" i-TiOOC^C^ 



^^CiCOOOO'-iOCO 
4O'^CDC0iOTt<f0CD 
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r-t C^ (N C^ CD C^ '^ 



COClCOOOCO^lDC^ 
lOOiOOiCOC^iOt-- 
1— iCiiOOiiOOOCOOl 

c-i' TP CO c^"'-H"o"t^ 



CO-— 'OOOii-HCOOO 

?5(Ncocot>-^— iM 

COt^Oi-Ht^t^iOt^ 

c^'cfi-^'oTcoTiH" 



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t-03COCOCOOO"rr<CO 
COcDOOtMCOOOOCD 

Tp Tj^ oT o 00 oT 00 o" 



Tt<iOC^CSCOt^OC^ 

05lCa:iO'rt<Tt<05CO 
COOOCO«DC^CSCOIO 

c^n^'rHtCcO'-ri-rc^f 

f-Hr-t'^J^Tt^lOCDOO'— I 



C^OOOCOCDCOCOC^l 
CS2<^CDOCOC5CO 
0500'^CDI>-iOiO 



C^rfr-HMiOOOOOi 



C^CDOi— <r-^GO»OCO 
■^Cl'— lOiCDOiiOOO 
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•^ 'tji' N -^Jh" CD CO I>r CO 



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Ot^yDt^OOOOtNiM 



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Under 50. 
50-100-.-. 
100-250-.. 
250-500.-- 
500-1.000. 

i.ooa-5,000 

5.000-10.00 






5§o 







166 



STATISTICS OF INCOME 






oo 



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60 



CO ^~J I 



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100 
















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50-100 
100-25 
250-50 
500-1, 
1,000- 
5,000- 
10,000 


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C^ rHCO -^ '-I 









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STATISTICS OF INCOME 



167 



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1-1 r-ICO^ CM 



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l-H r-( i-l »0 CM O O 



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OOOCOQSCCtJ*'^.— i05 



lOCliOC^iCOOOiOTp 



i-HOiOs^CM-^aiOCO 

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CDOsiO-^f-HOOOSiOCO 

r--ocMt^iOi— "oocoo 

COCM»CI>CO'-«COC0CM 



1 CO "^ CO OS I— t GO ■* 



C^OOCDtPCOiO— <00t— 
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CM CO "O ■* CD r^ CD 



OOt-OiCMCMCDOOOCD 
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168 



STATISTICS OF INCOME 












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TT 00 -^ O *^ ■^ ^ 



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"H ■**• -^ to TT CO OS 

CM OO to t-- TP CM CO 
CO OS Tp 00 Tt* O CO 

CO cm" co" t^ —''' V o 



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CO CD CO to lO t>- »0 
C00«0 CM ^ CO CO 



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to .— I CM Tt< CO CM "^ 
t^ CO O C<I O OO OS 

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to O -^ OS to CM TT 

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to CD 00 t-i -^ O O 

i-^ood o GO oTo 

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00* c^" od »o o "*' CO 

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CO O CD C^l CO O ■-< 
O O t^ OS O OS -^ 

1— I O 00 OS CO OS CO 

cm" CO O CO CO -^ t-^ 
CM CM rf CO '^ CO ■* 



t-- t-^ CO CO CD OS to 
to to — t CM CD C3S O 
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CO .—I CM to CM OS t* 

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tC t-T cm" O -^ 00 os" 



T-H -H r-iCM 



CD tT "^ CM ^^ O C^ 

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1—1 CM CD OS CO ^ 00 

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CO CM CM CO CM CM OS 
CO O t-* I-* OO '<*' 00 

»o to o "^ 00 «:> "-" 
00 r-^ "^' t>^ ^^ o CM 

T-i ^-« CO CO lO i-f 00 



CM —< 1-* CO ^ CO rf 



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■I CO rf 
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cm' CO t^ t^ o ip '-*' 



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r-. I-. CI CM CO t- CO 



COOOS'-'COOSCO'-"--! 




625 
467 
981 
850 
922 
4,340 
252 


'00 


2 


<M — COOl^OOM 1 

(M -^ w Qc t^ 00 r^ 1 
oc t~ rt OS Ti> c5 oi ■ 


.00 


O) 


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00 -^ CO p< — r^ >o i 

t^ t- 33 t- —. t^ t- 1 

iot-rot-^o"o>o 1 


12 
IS 


00 

to 


116,979 
82, 697 

1 12, 988 
82, 736 
84, 760 

141, 124 
40, 335 


1 to 
.■* 
1 of 

ieo 


to 

CO 

o 

03 


9,024 
4, 819 
7,851 
4,600 
5,222 
2, 991 
620 


|o 


00 


106, 931 

76, 877 
103,095 

76, 434 

77, 288 
132, 575 

38,033 


;o 


CO 


5 18,225 
5 4, 721 
5, 292 
7,101 
8,200 
47, 957 
12, 653 


1 1-^ 
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CO 


50, 885 
36, 518 
51, 820 
35, 566 
36,128 
55,930 
19, 385 


1 1^ 

is 
I 




3,464 
4,428 
7,465 
7,640 
10, 366 
27, 798 
11,063 


ii 


§8 


5,755 
4,086 
7, 535 
10,096 
9,437 
22, 647 
11,441 


.CO 

1° 


of 

03 


28, 218 
18,624 
24, 196 
21,446 
23, 298 
27,005 
7,930 


is 


2 

CO 


76, 293 
64, 935 

104, 142 
89,033 
99, 607 

194, 447 
64,901 


ICO 
1 t^ 

ICO 

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IS 


CO 

s 


33,981 
26, 935 
40, 224 

35, 295 

36, 443 
61, 484 
16, 370 


.to 

:§ 
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03 
9 


6,329 

6,398 
11, 944 
11,501 

8,722 
19, 422 

5, .548 


100 

.to 




22, 8.')7 
16, 758 
24, 898 
18, 587 
20, 639 
35, 760 
10, 754 




i 


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"* . 


03 


Under 50 

50-100 

100-250 

250-.500 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000-50,000 «.. 


S a 

So 


o 



02 CJ r^ t;^ i^ i-^ =-. 

Pi 



STATISTICS OF INCOME 



169 



i-HCOO*Ot-C^t--'-<.-t 

TiT -jT i>r TjT Tp 00 .-T 



OOt^iMCSOS'-tO'-to 



T-lr-l<£)t^Oit--.i^lOi-H 



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1-H CO(M t^ O) 



oooi-Hcoo5iocor-os 

CO O C^ 00 O 0(5" Oi" CO o 
COTji— .CTiC0l^00"*O 

^ ^ CO r-l 40 00 



COO'^OO^^C^OCC 
COi-H»00505CCCSiOCO 



lO'^'^COOOCO'^C^JCO 
■^CC00tOQ0O3(MCD'-i 
COtNOli-^Ot^iOiOt^ 

>0 O Oi" CO t^ 00 CO OT 0(5" 
CO-'^^OOifNcDQO'— <!— < 



OSCOt^iOOiCOOiCC-— 1 

coco^O'^r-'^GO 
ioci";ooO'-ri-rt^od 

r-i (N CO '^ I> 00 O 



OOOOCOt^GO'-'O'^"^ 
CNO-ICNcOt^OOO'— 'CO 

c^ '^a^ 00 r^ 00 CO 00 CO 00 

.-Hi-HCOCO'^Tt'OOC^— ' 



OCO'^C^Ii-HiOTtl^iO 

05.— (-rt<"<:J<C0"0OO'^ 

i-T CO !©>-<" rC oT oT CO 

i-H CO T-l u^ Tf* 



MO'-HC-ioO'—itcaioo 

iOco*OiOCO^CS|(MCO 

CDOOC^OOOO'-^I^'-' 

of c^" lo of (C oT o 



oooicor-coc^'— <oco 

»O'<J'O00t^*O'^O00 
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■^TpooT'-H'ocOcOTjr 
i-H t— I CO lO c^ 



CNJt--COOOt^iMcDCOO 

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,-( t-i I— t lO rr o *o 



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1 <N CO 00 tP "O iO 



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170 



STATISTICS OF INCOME 






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CO 








CO cs CO lO r-H t^ r-( 1 


















CSC005OOC000 1 




■^ 














cs CO 00 00 ■* CO 05 1 






CO CO C^ CO t^ 03 1 


ia> 


00 














rt r-l 10 >r3 CO eg 1 








T 


00 


iO CO CO cs 05 cs Oi 1 


t CD 










CO oi t^ 05 00 1^ 05 1 


1 00 


05 
















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t^ t^ U5 T)< •* .-1 1 


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cs 00 cs-* 03 005 






;=i^D;?5SS^:^ 








00 






cs- 








Under 50... 

60-100 

100-250 

250-500 

500-1,000... 
1,000-5,000-. 
5,000-10,000. 
10,000-50,000 


"ca 



ca CO 

g- 


^ 


i^O 





QOOC<ICDiOCOOr-iO 



i-tiCOO'-HTt^COt--"' 



<x?coocoQOOoot~^ai 
c^ CO t> o of n«" oT CO 00 

^ ,-) CO i-t CO Oi 



OOC^OiOOIt^cDi-l 

of CO t>r O CO" 00 i-h" 10 ^^ 
1— I rH CO <N I>- CO 



O0i-(^0(NC51CCO(C 

i-iOOCOt-00<M'*OI> 

of (N -^ Tp" <m" (N 10 O CT 

<:Ot>cOQOa>i-HiOOIt-* 

.-I 1-H 1-1 10 Ol t>- TH 



"<^wOO?OOOCOOTt< 
00i-HI>.'^OJCQt^CD00 

i-Tco r-T cooT 



OGOOO-^CD050l>-iO 
COCSOOIGO«DI>00 

oii>-t^^coos(£>cqco 

o ^ o ^ i>r '^ '.fli' tC CD 

C0r^O00Q005"^C0i0 
i-H i-H I— I 'tji 0» <:D Ol 



t^^Ot^i-Hi-icDOIt^ 

OlNt^-COOOOiO'^Oi 



lOOiOOOiOt-COrt^Oi 

t^cocDr^t>-Oi— looco 

»ccDt>-Ttiait^r^ooo5 



'c5^ -^^ 



'^oooooicodosTft^ 

OOQCOOi'^OcOiO-— t 
00»OI:^CDO500l>'<**t^ 

i-T i-H oT "^ !© o .-r TjT CO 

rH r-) CD -^ CD CO 



OC0OOCD0400r^0« 
Tji^OIOlOSOCDCOCO 
T-lO^COOOOlCOi-HT-HO 

,-H of CO -^ to of O ^^ 05 

01 r-t CD1-1 



OOCOOOOlt^TpOIO 

0100i-i0^co^04 

t^Tt^OOCOOtOrHCDO 



t^OOOOOSt^OOCOOliO 
l-< rH 1-1 CO T-t '^ O 



cocoooocc^r^Tt*,-) 

OICOOiOSCDTtiOt^O^ 
OI0^05iOOuD»-lOi-l 

CD i-T 00 O tC -rjT ^ c^ o 

coioccr-oicocoto-^ 

1-1 rH l-H CO CO l-H t^ 



*OCOT-«050iOOSt^I>. 

Oco^ooo'<*<u:)t^oo 

01»0-*Tt<0-^i005Ci 

of i>^ oT CO »o CD rH rCio 

OI.-H C0 04 



.-ioioja»^oii-<o3Tt< 
o»Oi— lOirHcor^o^H 

t^03'-H"^-<:t^OiO0100 



COCit^COt>.O^iOOSOi 

Ol CO CO OJ lO CO ■* 

r-l 1-t CO 



OCOCOOSCDCOO^OO-rfH 

oQOOcooooioooas 
oicoiot^ooo^t^cR 

of CD c5" ic 00 o 10 of t>r 

.-lr-<Tt^'^Tf<rf00CDO 



i>t^oi.-H»o^ajoioo 

OSO3CD0000OtPIOi-1 
lOCDOO-^OI CO 



;oo " 

OOOt-i 



5o»oo^ 



^ w- 

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0000 



•'if5i-HOJ"3»-H»Oi-»»0 



STATISTICS OF INCOME 



171 



CDCOt^cO'-tOSCOCOCM 
^CMCOOOOSCMb-CMt-- 
00OSb-t^OSCOTpTj<cO 



CM -^ CD t- 00 CO 1-1 



OSOC3Si-HOOSCOC^'^ 

OCOOOOStOOSi-'t^tO 
TPCOOScDC^tOtOcOto 



CD-— 'Tj'OCOOS-H.-t'rP 
CMCMrJiuotOCOCDtOOS 



COOSOOTpCO^t^CM 
tOiOt— OT-<OSCDTPtO 
COCMiOOSOOSOi-HO 



cOw«j^OSCMCOt-"*cO 
CMCMT^i^'tocOtOCOCD 



OOTft^OOCMC^OStOCO 

COOOOOOSOi-HCOOSOS 
COTjiCMOSGOCM-^tOTP 



t-OSCD-^OStOt^OOOO 
CMC^t^OS'^t~-tO'^t- 
T-lrHC<»CMCOOS'^»-lO 



CDOOOtOOCOC^TTOS 
O.-<Ob-C0tO00t0Tt< 
CMCDr-lCM^CMCOOOCO 

I-T rHi-TiHCO TPiO 



00tPi-It-*CMtJ*iO^h,-i 
OOCD.— iCOCOCOCOCDt>. 

r-CMcoocDcDoc^i:^ 



■**'r*oi>-0'*t^ooos 

CMCMt^OO'^TPCOOOOO 
rH.-HCMCMCOOS'<»^000 



CMOSOOtOtOCOtOCMCM 

iOTfOOCMf 

OSO^i-i ' 

COCO COO 



iOrt»oocMtocoosr*to 

< O tOi-t CO CO 



COr-t '^C 



jooicor- 



_ i-l-^CM-^ rH 



^OtOOO^O^CMC^ 
tot-*.— iCOTPOOOtOiO 
CMTjiT-icO'-HtO^cDcO 



OO'^CDOSOcDtOOOr* 

OOCSSi-HCOOOOCDOOiO 

CM CM CM GO CO OS CO 



OStOOCOCOt-»r-tC^I>. 

CMCDOSCM'^'-CCD^O 



COOSOcDCOC^lOOIr^ 
•^ to t^ to rf CO to 



COt^i— iCMCSOOOCMCO 
COCDcDOiOOOtPOCM 
CMCDr^OSOSt^toOSCO 



tOOSTPC'JOSOOOtOCM 



ooco-^O'—ocMasr^ 

■^■^CSQOtOOOl^OS 
t--"^CC"^— "C^liOi— iT-H 



OCMosost-ioor^TPoo 
■^■^t^i:^osr»r*i— 'Qc 



OOCMOSCOtOOSOCMt'- 
CD-<:PCOO-T'CCCOGOaS 
OOOOSCOCDcOOOi-t 



CMCMOOTf'^'rrOSCMCO 
1— ciOOOl^CMtOtOCMCO 
i-H'-'CO-^CDOOOSCO'^ 



05<-tr^O00tOCDCMt^ 
CMi-<tj*ostOCOr^C^CM 
CMtOOsOCOTPtO'rJtcO 



COOt^COr-iCO-^COCO 

•^COtOOCOOOOCMC^ 

.-1 CM C^ !>. "^ 1-1 rt 



^05000CDOOI^.-Ht^ 
TPtOCOOCOCD'Tj^OOS 

■*osooooosost>.coos 



CO.— ii-Ht>.tocOtOCOCM 
CMCO00O5CMcDt^COC:s 



b-oscocot^-cotoosos 

OSCO00C3SCMi-HCMiO.— I 
t>-t^I>-CMOOOCO'^CO 



t^.-HtOOCMOOCO'^ 
CMCOt^OOOOI^CO-^ 



r-(CO.-tCOO 



r^to.-ic^CMcooscD'^ 
CO.— iCM-tPosr-cooco 

CO^-i'^COOOOO'— 't-H 



-a 2 S^ "? T" * "^ o o 

►-.oo tOO^^OO 
►— 'tOr-iCMiOrHtO»-(iO 

177160—34^12 



==.■0 2 



522 
578 
1,612 
2,436 
2,890 
8,183 
5,547 


■ Ol 
iiO 

lod 


IM 

lO 

o 

CO 


1,465 
1,524 
3, 330 
3,461 
3,571 
13,017 
7,155 


1 c^ 

In 


CO 


1,476 
1,536 
3,400 
3,621 
3,744 
13, 662 
7,694 


"OS 
ICO 


CO 
CO 


35, 773 
38, 228 

69, 533 

70, 406 
54, 610 

145, 975 
34, 472 


ICO 

;?3 


CO 

5 


222 
229 
287 
151 
856 
3,742 
49 


Ico 


"O 

•o 


35, 131 
37, 444 
67, 996 
68, 705 
52, 512 
138, 290 
31,795 


1 U5 
lOS 


§ 

•o 
t^ 

IM 

CO 


2,536 
2,715 
14, 678 
21,625 
19, 390 
72, 124 
16, 154 


1-* 
lO 

is 




9,498 
10, 784 
24, 046 
23,078 
24, 275 
59, 876 
22, 589 


is" 


1 


423 
1,202 
3,904 
6,350 
6,568 
19, 175 
5,260 


IS 

lOS 
'lOO" 


00 


413 
2,176 
2,393 
2,375 
1,249 
3,699 
5,723 


liO 

100 


s 

OS 


4,069 
6,097 
7,551 
8, 974 
5,171 
11,518 
1,992 


■ OS 
lO 


tP 


18, 085 
24, 405 
55, 156 
64, 497 
59, 412 
176, 961 
61, 679 


100 

jo 

ICO 


CO 


4,482 
5,545 
15, 803 
18, 359 
17, 793 
51, 834 
14, 948 


IS 

ICO 


i 


3,962 
5,398 
11,750 
13, 659 
12, 454 
33, 707 
10, 700 


100 
l>0 


t^ 


6,928 
9,318 
17, 163 
20, 451 
17, 952 
47, 772 
14, 684 


1 1^ 

IS 

I-* 
1 1^ 


1 


"*OOI>-CMOOOOOt>- 
OCOCOOOOlOO -. 
OS CO CO 1— t 


' 1 


to 

iO 
OS 


Under 50 

50-100... 

100-250. 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000.... 
10,000-50,000 « 


ii 

c '^ 
a en 

-J O) 

§5 


2 
o 



161 
283 
847 
782 
975 
3,533 
1,469 


1 1^ 

ico" 


i 


KS5SSSS 1 

r* O 00 -"4^ 00 CO t^ t 
«-rt>^coco COO cT 1 


1 1^ 

1 O 

Ico 


S 

C£3 


CO CJS lO O ■* C<1 CO 1 
t>- OS t* CO CO t^ Ol 1 

rtCoeococooTo 1 


1 lO 
lOS 

1 CO 


CO 
CO 


65, 102 
45, 657 
85, 554 
79, 464 
81, 530 
173, 573 
66,090 


IS 

ICO 

If^ 




C^ b- OS C?S CO O OS 1 
•^ CM CD CO C^ OS CO 1 


1 CO 

t "<*' 

lO 


tP 

S3 

CO 


63,899 
44, 768 
83, 232 
76,803 
78, 712 
166, 360 
62, 362 


is 
is 


CO 


« 20, 421 
1 7, 456 
« 4, 597 
« 2, 186 
19, 465 
33, 790 
24, 494 


■ CO 


IN 


40, 612 
31, 424 
62, 526 
69, 070 
68, 170 
156,907 
43, 498 


IS 

ICO 

is 


00 


4,020 
3,557 
10, 778 
10, 283 
22, 383 
42, 851 
25, 159 


IS 

11^ 

IIN 


■* 
g 

3 


1,929 
2,828 
5,599 
8,400 
8,666 
26, 524 
14, 000 


lOS 

ITJ< 

ICO 
'i(N 


>o 

§ 


17, 995 
14, 618 
25, 607 
28,858 
17, 290 
34, 265 
9,268 


■ OS 

1 ■'l^ 

l-3< 


OS 


47, 822 
48, 487 
106, 284 
122, 647 
132, 496 
317,821 
123,480 


■ CO 

:§ 

loT 

1 -^ 

1 Tt< 


s 

00 
CO 


13, 812 
14, 765 
33,984 
43, 710 
48, 432 
114, 542 
34,304 


l<N 

IS 

ICO 


5 


11, 074 
10, 900 
23, 622 
26, 317 
27, 746 
52, 060 
18, 057 


is 

IS 


s 


12, 305 
11,031 
23, 726 
25, 152 
24,454 
61, 466 
27, 608 


I05 

■ r>- 

ICO 

lo 

i>0 


1^ 

CO 

?5 


2,538 
674 
684 
351 
184 
157 
16 
* 13 


N 1 


OS 
CO 

-a'' 


Under 50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000... 

10,000-50,000 « 


>l 

a ti 
a "" 

OJ CO 

lo 


"3 



172 



STATISTICS OF INCOME 



o-S ^ 



s— . o _ ,- 












O 0) 



■^ gSjala «B 2 03 


















o »sa 
eaE-i OS 



l^-a.S 



oS 



■^ 52 a> ^ * 



as 






ao a^ S-S 
3 fe 3 -as ® 



1,574 
1,846 
4,993 
4,834 
6,762 
11, 380 
668 


i«0 


o 
to 

CO 


6,261 
4,864 
11, 666 
10, 431 
12, 097 
22, 131 
2,236 


1 Oi 
riO 

■ 00 




6,294 
4,942 
11,868 
10,992 
12, 670 
24, 136 
2,483 


HO 


Oi 
00 

00 


139, 623 
128,760 
234, 974 
166, 052 
155, 262 
212, 798 
23,734 


iQO 

IS 
' CO 

io 


o 

§ 

to 


16, 331 
19, 264 
56, 758 
62, 317 
45, 116 
63, 299 
8,997 


1 OO 
IM 

ico" 


CO 
IM 


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 -^ 


CO 
00 

en 


26, 159 
24, 504 
45, 888 
31, 167 
33, 133 
60, 252 
10, 682 


lO 
1 to 

ICO 

lO 
ICO 


o 


702 
1,243 
3,554 
3,175 
3,964 
14,002 
1,431 


lO 

It^ 

IT)( 


O 

§g 

CO 


3,067 
4,587 

10, 183 
5,841 
7,149 

10, 621 
161 


lOl 
1 !0 
ilO 

iOO 


i 


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 

i 


o" 
o 


16,314 
20, 134 
42, 632 
28, 694 
31, 343 
62, 932 
8,963 


1^ 


§ 

cm" 


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 

•o" 


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 
"" t>- O OS OS CO r-l 



O CO 00 r-i .-1 CM OS 
T-T CM^f-TCM-CM" 



CM CM CO t^ CD 1-H OS 
O CD I^ 0»0 OO 

GO CM CO Tj* »0 CO OS 

00 to oT os" i-T t>r CM* 

CM i-H »-( ,_ i-H „ „ 



CM 00 to O CM to to 

CM -^ CD ■"*! -^ '»*i CD 
r^ f-H CD GO OS to t^ 



00 tOOOOOO to CM 



CM OS r>- GO i-H CO to 

00 to C» ^^ tP 00 o 

CO to CO r* o 1-1 rti 



OCM GOO OSOOC^ 



O CO TfH CM CO to f-H 
CD CO O 00 CM to CO 
O CM O >-< OS <-< "3 



r^ r-( o o OS CM CO 



GO Tji Tf Tj* CM to -— I 
to CO CM GO CD OS CO 
OS to O to CO to 1—1 

•-T CO OS CO CO GO cm" 

OO "— ( to 00 CO to CM 



'"^^ OO O CM ^ CM TP 
OS O O to t* OS CO 
CD CM to OS 1—1 CO l>- 

TtT ^* CO CO os" 00 cm" 

CM »-l CM «-! -^ 1-1 



CD 00 00 Tji OS CM - 



CM CD TJH CM 00 t^ to 
l>- -^ t-- ■><** -^ to CM 



CO to CM CO CO OS N 
to CO OS CO CO CM Tj< 
O CM OO t- i-t CO 1-t 



CO CM to !>. OS CD 00 



CO to OO t* CM OS OO 
O t~* rH OS -^ O CD 

t^ Tf< .-I o OS CM r*. 



00 OS OS to to OS -^ 



OS CO -^ to CO GO OS 
OOO CD CD O to I^ 
COO OOO OS OS OS 

O GO GO 00 CO cm" 00 
to CO to CO ^ ^ rH 



CO O to CD CD i-< CD 
.-4 OO ^ OS CO -^ t* 
CO CO CM CM r* CO ■«*< 

oT to' CD Tt^ O to '(^r 
•-I O OS -^ CO CO 00 



to OO r- 00 t-' O CO 
CM 00 <-• CO GO CD to 
CO O OO t^ l^ CD 00 

to" CO tJh" GO oT GO t^ 
CO CO CD "* Tf to CM 



■-*< to tP CO CD 00 f-H 
OS OS CO CO CD O CM 

OS to CM i-i to to CM 



Tj< o r>- CM f-H OS OS 



O CO 00 -^ ^ CO o 
CM CO OS CM .— < CD t^ 

t- CM --I 00 r* OS CO 
cT os" to cm' CO c^r co" 

lO CO CD '^ -^ CD CM 



CO^I-^00— 'COCOt^CM 
COOOCO'-HCOr-Hi-l^ ^ 
to Tt< Cv| Tt< CM i-H 



XJ^ 
.^.i 



O -O »0 CO t» 

A o o So a 
§R°oon 

»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 



asost-'Oscooococ^co 

O'^'^OC^CCOS'-'IM 



iOOO'«S<C^OOC^OCOC^ 
OCOOSOOt^'-'OSt^iO 



I:^CDOSTf<OOCOC^O(N 

GOCDODOCOt^CitOCO 






COOSOOC^tOCOQOOC^ 
^<£iOS^OCCCSC»00 
•"HCS'-tcOcOC^CO'^tO 



OOCCQOCOOiC»i--'OOt^ 

i-(C*«cocccoccccao 



.-I i-H -^(30 



00i-H00Q0Or-i— !NiO 



CSCOOOCOI^-OOt^rj* 

Trcooocoost—CiOio 



—I 00 



CslcO'«3<'->OI>-(MCOtD 



< -^ 00<M 



t^-Oi CO 

OiC-l t^ O CD 

Tt* CO 



LO OC^ ^ 



WOOi-lOi'-iCOOC^O 



T-( CI CO OS t^ Oi t^ 



•^ od'r-rco 

OS t^Oi t^ 

l-H 1— I 1-1 t>. 



-^OiOcot>^(Nd;'-Hoo 



5C^ 005 



00 -^ -^ ^ CD 

t>- (N o; i-H — 

COOOOGO 
■ CS GO 



c-i cc-^ c 



5 OS 00 CO ■^ i-H !£; c 

i 00 »0 '^ C^ O CO c 



• 00 



■trcocoosoocD^oo-^ 

OCt^Ot^'-'OOCfOOO 

.-I .-1 c^ o; r* r^ CO 



iocot--coc^r*cD'-i'^ 
c^osco-^t^or-^ouo 

diOO-HO-^CCOSOS 

CO oT cf ic" oT t^ ic CO* -^ 

lO^'-id lOOS'-H'^OS 

f-( 1— I 1-H ;C CO OS O 



OfOCOOOOSCOCCCDTf 



CMi-tCSWC^^OCCO^ 



■^t-ocoosoot^coo 

or^ooi—icoioooooo 

CQCOMi-iOOO'-'OO 



csi-HC^ic^cjccic-HC^ 



ooo»ocooTrt~-oso5 

i-HOOOi— ii— ti-HOCDCS 



t I ' <o 

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— 9 o 

I J <io 

, o o oo 
I o c o o 






^QO, 



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t--OC0C0i0t^i-H00»O 
cO^J*t-Ot*Ost-*0'-« 

t^eooscO'-toO'-HCSoo 



.-I CO CO lO ip 



jiocoor-oococoi-t 

I^O"^0'^tOOS«-< 

)■— iCDOCN05(N00i-t 



WOSOt^Ol'— 'COS^O 



lOOcOOOiO'— <Ot^ 

c<it^coosr*cooot^QO 

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CI OS O CD 00 O '-^ C 



C^CO"^'-<'^00COI>-t^ 
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t^-^CD"^00C000^O«O 
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lO 



coior-CNOCNcO'<*'t~* 

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CO (>f co" i-T lo i>r cT CO cT 

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lOOSCOCO^XJCQi— 11-4 
CO-^dOSCO-^COCDt^ 

O i>^ r-^ r-T CO i>^ cT 00 1-^ 



OSC^O'-H'OOCO'-tCO 

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■^coot^cod^oc^co 



00C0O<N'O"^TP'-<i-H 
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osco■^osoococ^01— ' 

t-^diOiOCOC^t^CN^ 

di-<t^'-iCO'— IO"*OS 



CO r- CO o 00 



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Gor-'O'— «o*ocoooc^_^ 
CO oT o* t-^ o o lo" »o g 



OSCII>-CDCOOOiOOS 

ood— ^^-Hiooocoos 

COi-HCOCOCOiOGOOC 



COCSCOTfCJCOCJ'^CO 



CO CI CO<M TP OSt 



CI CI 



S lO O CO 05 Tj< (X) 
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1 CO '^ ^CO 00 00 
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CO 



ooosi^oococoooc 



OOCOCICO'-'^COOOOO 



OS O CD t- t^ i-« 

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1 CO O OS OS OS OS 
3 COTp 10 O 00 O 

f Cf tt" t~^ Os" CO Os" 



■— •■^COCOCOOi— <t-*'— ' 

oocicoi— losr^coosoo 

i-iCliO^CIOCOOOS 

00 c4" oT lo" o o t^ os" oT 

^^^.-tdCOCOCOCO 



C^OSb-OOiOCOCOOOS 

OOOOCIOOOOOO^OS 
OSOSOOCOCOCOi-l^ 



5i 



ii 



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O O O "-J 

^"o 000 
J,oooo 



_ 0*00^^00 

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OSOOCDCOiCCO^OOb- 
I>.CSCOC^OOSCOOOOO 
tN.^i-.COCOC4CI00CD 



N^coi-toscicoasio 

^i-tCICIi-l»OCICIi-< 



iO^t^O00c0C4COi-i 
ir^cooOi-tOcOTt^^co 
cO'-<r*t~-coicoioco 

lOio'l^OSCO'-roOO 

coc^coc<c^cocoio»o 



iOOOCOCOOOOO-^OS 
lOi-fi— iOSCIOStPCOOO 
OS^OOOCOC^r-ioOt^O 

lo" lo" 00 i-i" 00 r^ cf uo CO 

COCiCOCOCICOCOiOCO 



ootor*cico-^r— ooio 

C0Ot--l>-05C0C0»0>— I 
OOt^OO'^'-HOO'^OSO 

Tji" i-T o i-^cf CO o cf lo 

OStTCOi— (OSOStPiOtJ* 
1OCOOO1— iC000iO»-H 

i-T i-T cT i-T T-T cf i-T cc 



CDCCt-^CDCOClTfOt^ 
OCO1— 'COCDCOtOC^t-- 
COOO-^O'^COCOC^ 

drHdT-li-lCI 1-ll-H 



lOCOCD^CO-^COOCI 

ooci'-'dcii-itccod 
doot^t-^oscoioooo 
00 cc"" OS '^ o r-T TjT .-T tC 
TPOt^r^»ooooco 



Hd .-H CO 



coosTT-'^'ddOdt^ 

r^oscDosOt--coosos 

OOOOS'^i-HCOCOCOO 

c^ «£" '^ oT oT 00 -^ o 00" 

t-»OOSI^"»OCDCOOSi— I 

rt^^^coi-tdio 



usr^tiiji— <Oi— 'OO-^ 

i-tCOOi— lO^di-Ht^ 
OOi— '■^'^"^"^t^t^OS 

OS CO" CO O 00 01" Cf cd" CO 

Tjid'^»Oi-iosr-cO'-< 
ddcoddcoi— id^o 



oot^-^rcor-ii— i-^oos 

OOCOCOCDddOSOOOO 

csor*osoO"OOst^ 
ciT co" I-T co" CD .-T as' os" d" 

I— I CO ^ '^ "^ ^ OS CO 



docoO"^coooco 
i-tost'-t^ci'— ir-*i— tio 

CD^dt^OSdr-1|>.Tj< 

I-T d* 00 i>r CO cT ^ od 10 
1-idcoddiodOco 



ddcodcoddoo 

coooi-HO-^cioosd 

"^ 10 i>^ cf cf d r^ os" -^ 
d^r^cO'-ti-Hcot^t^ 



t^'<S'OSOSi— lOOCOOOCO 

lOi— <o»odi— i»ocooo 

rHOCO-S^t-OOCDt^CD 

U3 CO cT ic o t-^ os" I-T o 

OSOCOCOOS-^OOOS 

rj<iooocoiodioot>- 



di^t>"r-ooco»o^ ^ 

O"^"— '^■^'^OOCOd 
00'^I>-coO00OC0d 

t"^ 00 I-T '<3^ tp" oT '^" CO cT 
^^os-^cooococi- ■ 



t-cooosi-"Or-dco 
ost^osO'^cococor^- 
dooosoodTf^co^ooi 

tC 00 t-T lo rC CO OS 0(5" t-^ 

COd05iOdCOOS»r3d 
^^^^^d i-tCO 

^ O d 1— 1 00 ■^ CO d lO 

o^ooo'^'^i-'door^ 

COI^^COCOCOdiOCO 

TjJ" CO '-H* o cf os" os" CO r^ 

OsO'^t^CldCOCO'-H 

^dcoddTj^^dio 

lO^OOdOdTfiOCO 
t^dOsO-^C1t^W5i-i 
OS 1—1 CO OS 00 CO 



;OoS9« r° 



'O^.O-O c3 



50 >oo^. 



O "O ^ J 

-■I 100 
' V T^ o o o o 

> loo^^o cT 

K C^ 10 ,-1 10 .-H iO 



174 



STATISTICS OF INCOME 



-^ o 

CO fS, 



CO <» 

CO S. 

•w CO 



CO ■» 

J- 1» 

•(S> ^^ 

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n 

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30 So 









!2 " I- a 4. * w m 

J- £«X5'S ® <-• 03 






ft' 



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CO 03-0 



1-1 u 

Ph S 



a'S a o M 

S-oosga 



» c3"g.Q 



air* c3 



Cm w ^ O 
cS S ^ >^S 



02 



S " S 












I T-H '^ c^ to o 



r^ w c^ Oi M OS ■ 

Ot^CSi-HOOOOcDO 
lOiO'-Hi-HOiOCCuOOS 



T-H T-. —. (N 



CD00Tt<05l>-00O(rCr-( 
lOOiOOOOOOlOCCO 



C005C0'«*<(>J^C0Oi» 



OSCOOOOi-icDOCO 

ioa3coO'<^r^ai'-iO 



COOSiOCOOTt'O'^'-H 

OSO'^OOSCOfCiOt- 






COCDCOCOrJi.— (lOi— it^ 

cvf f-T c^* i-T r-T IN* i-T 



t:»C^Tt*rHOi0CO5CD00 
OOiiCiCOiOOTf»-H'^ 

O0S(Ni-lOC001r-lO 

o 10 c4" ud" i>r c^ (o 00 cT 

TP 1-1 C^ rH i-H CO ,-1 



f-l.-tiO'^CDOOt^OSiO 
OOCOfNCOTtit^eOOOCD 
t^COi-iTt^uOOiOCOr>» 

o t^ -"-T 00' rC oQ c^' r>r cT 
c^'.-Tc^'i-ri-H !N i-T 



COt^OS»rD«-HOCOlOC< 

oOTticioioo5ooaii>-'rt< 



Cs| rH ^M T-H (N 



oOi— iosioosiot— ir>-co 

CSt^CC00'-HlO-^O5O5 



05i-li-irt<0505O0DO 



'»*<OS^HO0CO'^COI>.00 
»0.-«QOCO»OOOCOCOOO 
OOCDcDcDt^i-Hi-HOSCD 



cccooooitNOi^trios 



»OOO0SQ0 05i-)C^C0 



C0«— ii-iGOC^«5iOCDt^ 
COWSOlt-OOiOiOiOi— t 



i-H i-H M 



OO1— iCDt-^r^-^OQOO 



T-li-HOOCOCDOSOSt^'-l 
OiGO(NCT>iOOOi-iOOCO 
CCCS-^WC^CC-li-ii-l 



cor-iiofMOiooor^t^ 

»-i(Nt~-OOTPC100(N 



cocDcor^eococo«D^- 



C^WGOiOCOOO-^Or-H 
CO.— (t--OCD(M.— ICOCO 
»0i0C0i0iO0SG0Tj<O 



OOCOOOTt*t^CO"^OS 
"-lOiOOOOOGOt^OiO 
C^(NCOC^(NTPi-lTti(N 



t^toiooosocoi:or-» 
osooosos»or-cot^rj< 



cDiococo.— i.-(r^oo.— I 
oiooooooosr^o 

CO 04 '^ CO CS Tt< rH .-I 



> GO -^ •-• O 



Tl OOC^ t^rH , 



(NOOoo'^asc-iO'-i 

M»-iCSIOscOCSiOh-0 

COCOlOCOCOlOr-HC^C^ 



t>-CO coco «DO 



COC^ OS CO fH 1-1 



ss d 



go -o" d 
.010 3 

H~, o o »o o ^^o o 



to CD CO lO 10 OS C 



*0 '^ 1>- l^ t* UD -^Ji 



CO coco t^o 00 

■^ <N Tf* OS OS CM (M 
CO OS 10 O CVJ CO iC 

CO l>r CO Tp" C^ O 00 
1-1 1-1 t-< .-UN 



■^ CO Tt< CO 10 Tj< o 
*0 tP <-H 00 OS 00 -^ 
■^ i-( i-l lO CS OS (N 

CO 00 "^ rp CO .-h" OS 



(N 00 O 00 00 OS TJ< 
!>. C-1 10 OS (N t>. 10 

•^ t^ 1-1 O CO 00 (N 
t^ OS •'l'" rn' (N" t^ tC 

CO 'i!*^ CS 00 »0 -H .-I 
(N fM (N i-H .-( C^ rH 



rfi O "^ to CO 00 »0 
Ol Tf O. 10 O CO CO 
O -4^ O 00 CO OS »o 

O TjT IC (N 10 r-T in' 

CD -^ 1— I t>~ ■^ O T-( 

<N rH (N .-I .-I (N rH 



O CD -^ ^ CO Tt* CO 
i-i (N O -H CO (N t>. 

C4 CO CD (N CO 00 rH 

t^ o t>r i-T rH tC oT 

1-t IN T}< 10 W:i O rH 



CO 10 -^ CO r*. 10 i>- 

O 00 CO OS Tt^ .-H to 

w CO t^ csi 00 CO r- 

CO O O CD tJh" os" Cf 
CO to OS CO CO O CO 



OS 1— I OS OS CO to I>- 

OS CO O (N CO CO 1— I 

c<i r* .-1 1^ OS o OS 

w co' T-T CO CO to c^f 



■^ O rH -»** CO Tt* CO 

^H CO 00 Tf r* to <N 
OS (N to to OS to to 

CO ^'' oT to rH cH rC 

rH W 01 CO f* <N 



CO ^ .-H O 00 oco 

.-< O -^ .-I IN to to 

r^ o CO OS .—I CO 00 
1^ cT tio 00 oT 00 00 

01 <N CO<N IN CO 



CO .-^ CO to f-H T}< .-< 
CO 1—1 t^ to '^ CD '^ 



00 10 10 Tf Tt* OS r>- 

01 rH CO O >-i O CN 
.-1 .-I (N (N <N Tt< .-1 



rH 00 00 OS t^ O CO 

OS OS r^ to CO o T-H 

r-cocooooooo 

CO CO '^ to t^ '^ (N 

CO CO CO r-H rH (N b* 
T-t rH rH tN 



■^ 00 O CO 00 t:^ r^ 
Tf OS to (N to OS OS 
(N .—I 00 00 00 IN CS 



to CO to CO CS <N 10 



OS OS *^ CO .—I 00 QQ 

CO OS (N 1-H CO rH 55 

CO O TP Ol OS xt^ CO 

to 00 00 O I-^ CD O 
CO (N -^ Tt^ CO CO (N 



i-( CO to to CO IN ^ 






IN to 

000 ^^^00 



H-'tO.-HOltOr-ltOr-ltOw' 



STATISTICS OF INCOME 



175 









-^i-HfMi-Hi— (Tjli-lCOl-* 



00'— iCOOCDiOCDCOCO 
iOcOC^OSO>t^t^<©'-< 



* 1-1 (?^ --I i-H CO - 



<NCS.O'-''-<CS'— lOCO 

r^-cocooO'*'— tcs'-'t-- 

05C300CiO«000^05CO 



CCOOiOCOCOCOOOl 
CO i-H CS r-( ^ (>» r-trjl 






•-iTjiOOOOiCCtOC^CO 
CC »-* rH r-1 (N 1-1 Tjl 



MOt^OO'-HOOOcDfM 



OGOO'-tcocooocoeo 

t^ tH .-I i-< lO ^ 



iOT-HC»3cOTt<CO'-*0'-< 
CCiOf-(l>-COOl030t^ 



OOCMCnO(N^---<COCO 
CvIOOCOOOTt^OOCOCD 
•-< .-< —I -hC^ .-I CO 



cor^<c-<**oot-co*o 



r-H C^ CO OS O lO i-l 



05C0t>-00C000'O(--.O 

cOTfcC'^aicooco.— I 

COOOOiCOOsOliOCDO 



cooa»coc^iTPior--r^ 

i-li-liO'CO^-OCOCO 



^co _ ^c 



CftI^-<5tOCOCOiO^CD 
OS^COCDlOOSCOOiCO 

00 oT oT f-T i-T o »o -^ irf 

t^TtH;ClO»0^r-lOCO 



C^COt^'-HCO'^iOOGO 

c^ico^ot^csascococo 

00<©i-it>-i-iCOOO'-« 



COOSeOOiiOCOCDQOOO 

oooo^coasuo<oo 

i-li-(CO(NCOOSCO*CO 



t-C0r*C0OO(MI:^O 
1— tCOCOOlGOCOt^'C^OS 

OCO-^lOiOOSCOCO'— « 



OSCOCOtNOSOO^CC^ 

OlOSCSiQOC^'— <0O^DCO 
rH r-l C^I r^ CS CO lO 



«-<OO^COOi— iCOOO^ 
lOOOi~l!Na>OOTj<COt^ 



t^-.jiix^'^t^ooiMTt^r^ 



i-iOOOOCOiCCSCO 
(NCOMCTiCDi-HC^»-H.-t 

t^OSr-HCSi-HCOOCXJt^ 

00 »0 r-T lO CO O CO '^i? uo 

coc^-^c^irot^wt-M 



Q0«-<O>^>OtJ<C0(NiO 

eo-^c^iooooi^ioco 

1-f W OS l^ "<*< -^ 



-ooo ~ 

,000—1 S 

000"527« ^ 
"^ O * I I CD O 

iiiSo^-^- 
o>o o'-i'-ioo 

rH C^ IC f-l lO r-l «0 



So 

Oi-i 

:2 



OS oc^ coo— <«?!>.« 

t'-'^OSCCU^COCOT-HOS 

CSlOr-4»OOSt-4T}*t^CO 

i-T ^ »0 t^ i-T CO O Os" :D 
^r-tMCqcOOiiOOC^ 



00<NOiC^t^05C005^ 

O'-ii>'C^"0t^r^'-'00 

00CDi-<OiOt^O-«f^^ 



OiOSi— i05t~*CX)OWi— ( 

wr-i'<*Hcocoa5Tt*oi'^ 



00-!**00"*J*'*»OCOt^CD 
t-^OOOOOSCSCOCO(NOQ 



OO lO coo COCO OSCO 

(M<N-*-r}<iOTt4t^cor- 



lOiococo-rj^Tt^Tj^or* 

COCOOSOt-tCMOOO 
GOCOt^"*005GlO(N-^ 



coco-=rr^'^oO'*a)(N 
Tj'cot^-ococo— <o-^ 

^^^(MWC^COCOt^CO 



00^-*Oi(N^COt-*CO 

w5t--^oscsc^c^c0O5 

ooo— <CN«O00OS^CO 
iC —h" 00 O CT ^ CS CO oT 

ost^ooooso— <C^CO 



oo-Hcocoiooeo— .CD 

GSiO'***— <00— Ht^tNCD 

loot^c^ot-*— <a>o 



COO^OOTf*OS(MOSt-. 

— <-0 05-^^0"<J-OC^ 

— I M CO o »o — i t^ 



ooococ^— iO"or--.r* 

C^COC^CD'«*OSCOTt<t^ 



OO—tO-^cDcDOCNiO 
t^C^O— 't--'!^05C3stO 
i-(C^tCiO»OCOiOOSI>. 



OOcDtJ^iOOOOOCOOQ 
(MOCOCDOONCO'^cl 

ONccoscocot^uoco 



ost^ooosiocococoo 

T-^iOCOt^— 't^OSOS 



Ci — I ^ 



l^-^OOOOOStNCOCO 
C^OO(Nh»OSOOOSO"^ 

t^r^o»co50oscooi 



lOCO-^OCOCOOS^Tt^ 

»ocMcooo^co-<rooo 

— tcocoM^oocoy:?— 1 



— 'NCOCOtOOCCOCO 
tOCSOuOCO'^OO— t 
iOCOCOCOCO— <COt-C^ 



— <00'-OCOOCOOSO 

cooocMosr^t^-^r-oo 

C^ — H .-t CO — ^ ^ CD 



Oc?s-<*<— ir^t^csioo-^ 

t^OOOt^tNlr^'^uOiO 
OSt'-OscDOOtNOSTfOS 



C0C^lTJ'^OC0Tt<(^^.-^O5 
COOOCO-^t-^OSCDOOCS 
CO»OI>-OTiiCOr-(OSCD 



f-H (M C^ CO CO CD I 



wiob-io-rr-HQcoiO 

OOCOOO-^tOOSI^t^cD 
CO'-i-^OOOS'^COCOC^ 



— iTh^OOOOCOOOS 
CD— <C^COt^t^»Ot>-CO 
— HCOXOOCOr^CDCD-^ 



COCOQOCOuOCOt^COOO 
b-Tf*^00t^CDO-^00 
■^OC0"^*Ot>-CDOCD 



CO »00 1^ CO ^ 



t-»O00OSC0COOl(N'* 

ooosTposcor^ojcoos 

OSC^rHOSOO— "COCO 



cocs»i--»ooico-^c^oo 

OCD»0.-*iOO'^COOS 



CN ^ C^ CO 



cor-oso»0"^»o-^oo 

COOt^OOiOC^"^CO 



-f OC O »C CO CO 






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— <i>.t^cococooi^o 
t^-ci— <>oos— '-^OSOS 

iO-*COt^OSOiOi-HO 

o 00 00 to lo CO 00 iri" (n" 
00-^ooc^cot^osco 



oor-ooc^O— Htocsc^ 

OOCOOiOC^IO^OSOO 

CD C^ -h" (>? lO 00 CD CO Os" 
CDlOlMCOUOCDCDOCD 
i-ti-ICO-^OCOiC!MCO 



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— (OOOOiMOOiO-H-^ 
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t^i0(N(NC^00I>-iOO 

co^oooscococo-^co 

cT o t-^ — r i-T 03 lo OS lo 
uoiowcoc^iocoosos 

""•«« CJ —I CO CO CO 

•° -r ^"co" 



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— iC^I^-Ort^COCSOSCD 

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lO'^coosiocor^c^^ 

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— i-S*^C3S00CS— «iO^ 
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— I— icoco-^O-^ooos 



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COCDUDCDt^COCOt^O 

lO CO i^ -h" y^" (N c-T CO '^ 

r^CDCO-TfiiCOsOSCOO 
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t-^OS(N odiO CD 



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176 



STATISTICS OF INCOME 





















"^og^ 






■"ft" 

O !B 



±; Pijaifl » £. ca 



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:^§- 

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coco— liO-^N 



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05 lO <-( lO T-< CO 
CO t>» ■* CO c^ w 



O O iQOO lO 
MOOCNQO 
CO CDO<N 



CO (N oa Q oor^ 

CO Ol CO O O OS 



CO <M** <N 



1-1 lo CO r^ CO t^ 
00 CO c^ CO r^ CO 



lO CO t^ CO CO CO 



OOSOOOrHO 

CO i-H OS O CO i-( 

Tr< Tt^ -^ Goco 



TT OCOCOCO 
COi-1 -^ CO 



OS lO 00 OS 00 CO 
CO I— I t^ OS N t^ 

OS CO cocoes CO 



»-H OS 00 "O OS 00 
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CO -— t 00 CO (M C^ 
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lO t^ ?S t^ -^ IM 
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SCOT-l<Mi-t 



§S22' 




H^Ki-nrjiOT-iirai-i 



STATISTICS OF INCOME 



177 



CD OOOSOOO 

c<i .-< »o ^ o i>. 

r* <oc^ lo cs 00 



OS Oi ■— ' »o c^ ■^ 
o <roco»o ^ -^ 
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CO-^iO»OOS<N 



CS| ^c^Ii-hC 



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c^ OS CO 00 r-. 1-H 



co^*^co^-l M 
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OS05 -^ C^ O (N 
"^ .— I 00 »o iC 1— t 

t^w o t^c^ -^ 
locicocoiood 



ooc^ (M r- -— ' ^ 

1-nM Tt*^ wos 
C^ OS t^ C^^ Tt^ -^ 

1-H OS coco od CO 

—I (NMC^CO 



t^ t- O ITS W CO 

rj^ CD b* C^ OS C^ 
lOC^Ot^-^OS 



CO CO 00 CD to OS 



t^ CO CI lo r^ 1-4 

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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 



«5 £ ° « m te " o, ? ° K Sm a S» 



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o «(-! 

a§ 



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■-I <N (M 

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 



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Is .^|.a^£§ 

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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 



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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 l ast 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 



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 





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 colu mn 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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