^.
T '-\
rF
t
"*
V9 ^S^3^-^^ 73'^s^
^1- 3Z
Given By
SUPERINTENDENT OF DOCUMaMTS
^
STATISTICS OF INCOME
FOR 1932
COMPILED FROM INCOME TAX RETURNS AND
INCLUDING STATISTICS FROM ESTATE TAX RETURNS
AND GIFT TAX RETURNS
UNITED STATES TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE - WASHINGTON. D.C.
t^^^A}
'M:
yi.tM
U.S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1932
COMPILED FROM INCOME TAX RETURNS AND
INCLUDING STATISTICS FROM ESTATE TAX RETURNS
AND GIFT TAX RETURNS
PREPARED UNDER DIRECTION OF THE
COMMISSIONER OF INTERNAL REVENUE
BY THE
STATISTICAL SECTION, INCOME TAX UNIT
rv
UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1934
For sale by the Superintendent of Documents, Washington, D.C. ........ Price 20 cent* (paper cover)
U. S. SUPERINTENDENT OF DOCUMENTS
JAN 9 1935
CONTENTS
Faee
Official transmittal 1-62
General Explanations 1-5
Returns tabulated 1-2
General definitions 3
Industrial classification 4
Geographic distribution 4
Comparability with previous reports 5
income-tax returns
Individual income-tax returns:
Number of returns, net income, and tax 5
Simple and cumulative distribution, by net income classes, of number
of returns, net income, and tax 5-6
Classification by sex and family relationship 7
Net income exempt from normal tax 8
Capital net gains and losses 8-9
Net loss for prior year, 1922 to 1932 9
Sources of income and deductions 9-13
Amounts and percentages 10
By net income classes 11-12
Percentage distribution by net income classes 12-13
Frequency distribution by size of specific items of income and deduc-
tions, returns of net income of $5,000 and over 13-14
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
Wholly and partially tax-exempt obligations, returns of net income of
$5,000 and over, by net income classes 17-19
Returns on Form 1040 with no net income 20
By deficit classes 20
Sources of income and deductions 20
Number of returns by counties, cities, and townships 21
Partnership returns op income 21
Corporation income-tax returns:
Number of returns, net income or deficit, and tax 21
By major industrial groups 21-24
By net income and deficit classes 25
Net loss for prior year, 1922 to 1932 26
Income and profits taxes paid to foreign governments or possessions of
the United States 26
Dividends paid, 1922 to 1932 26-27
Compiled receipts and statutory deductions 27-28
Corporations submitting and not submitting balance sheets 28
Assets and liabilities 29-32
Corporations submitting balance sheets, returns with net income
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 deductions
by size of total assets 31-32
Returns showing net income and no net income 32
Consolidated returns 33-35
By major industrial groups 34
By net income and deficit classes 35
By number of subsidiaries 35
Fiscal year returns 36
By months ending the fiscal year 36
By net income and deficit classes 36
Part year returns 37
m
IV CONTENTS
Historical summaries (37-49:)
Individual income-tax returns: Page
Number of returns, net income, tax before tax credits, tax credits
and tax, 1913 to 1932 38
Number, by net income classes, 1914 to 1932 39
Net income, by net income classes, 1916 to 1932 40
Tax, by net income classes, 1916 to 1932 41
Average rate of tax on net income, by net income classes, 1916
to 1932 42
Sources of income and deductions, 1916 to 1932 43-46
All returns 43-44
Returns of net income of $5,000 and over 44-46
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
• 1932 47
Number of returns, net income and deficit, by net income and
deficit classes, 1929 to 1932 48
Returns submitting balance sheets, showing number of balance
sheets and major items of assets and liabilities, 1926 to 1932__ 49
estate-tax returns
Estate-tax returns:
General explanations 50-5 1
Table 1. Resident decedents. Number of returns, gross estate, deduc-
tions, net estate and tax, by net estate classes 52-55
Table 2. Resident decedents. By States and Territories 56
Table 3. Resident decedents. By net estate classes 57
Table 4. Historical summary — Resident and nonresident decedents,
1916 to 1933 58
gift-tax returns
Gift-tax returns:
General explanations 58-59
Table 1 . Gift-tax returns by net gift classes 60
Table 2. Gift-tax returns by total gift classes 61
basic tables (income-tax returns)
Individual income-tax returns (1-11):
United States in aggregate (1-8, 8a, 10, 11):
1. By States and Territories 65
2. By net income classes 66-67
3. Simple and cumulative distribution, by net income classes. _ 68-70
4. Sex and family relationship, by States and Territories 71-72
5. Sex and family relationship, by net income classes 73-74
6. Sources of income and deductions, by States and Territories. 75-76
7. Sources of income and deductions, by net income classes 77-78
8. Taxes paid other than Federal income tax and interest paid,
by States and Territories, returns of net income of $5,000
and over 79
8a. Taxes paid other than Federal income tax and interest paid,
by net income classes, returns of net income of $5,000 and
over; also historical summary 1927-1931 80
10. Returns on form 1040 with no net income, number and de-
ficit, by States and Territories 131
11. Returns on form 1040 with no net income, sources of income
and deductions, by deficit classes 131
States and Territories separately (9) :
9. By net income classes with historical summary, 1922 to 1931_81-130
CONTENTS V
Corporation income-tax returns (12-19):
United States in aggregate (12-18): Page
12. By States and Territories 134-135
13. Compiled receipts and statutory deductions, by major in-
dustrial groups:
Allreturns 136-139
Returns showing net income 140-143
Returns showing no net income 144-147
14. By major industrial groups and subgroups 148-153
15. Returns submitting balance sheets showing assets and liabil-
ities, and compiled receipts and statutory deductions,
by major industrial groups, and by returns with net
income and no net income 154-159
16. Returns submitting balance sheets, showing assets and lia-
bilities and compiled receipts and statutory deductions,
by total assets classes:
All returns submitting balance sheets 160-161
Returns showing net income 162-163
Returns showing no net income 164-165
17. Returns submitting balance sheets by major industrial
groups and by total assets classes, showing certain items
of assets and liabilities and certain items of receipts 166-182
18. By major industrial groups for returns with net income
and no net income, 1923 to 1932 183-187
States and Territories separately (19) :
19. Historical summary, 1923 to 1932 188-198
revenue acts of 1909 to 1932— synopsis of income- and profits-
tax rates. estate- and gift-tax rates, credits and exemp-
tions affecting the comparability of data in "statistics
of income"
Individual:
Required to file returns, personal exemption, credit for dependents,
and normal tax rates 202-205
Surtax rates 206-207
Supplemental income-tax rates and tax credits. 208-209
Corporation:
Income- and profits-tax rates, exemptions, and credits 210-213
Estate tax:
Rates, specific exemptions, and credits against estate tax 214-215
Gift tax:
Rates, and specific exemptions 216
Income-tax forms:
Facsimiles of forms 1040, 1040A, 1120, and 1120L for 1932 217-233
Index 235-255
STATISTICS OF INCOME FOR 1932
Treasury Department,
Office of Commissioner of Internal Kevenue,
Washington, B.C., November 7, 1934.
Sir: In accordance with the provisions contained in the Kevenue
Act of 1916 and subsequent acts for the publication annually of statis-
tics 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 1932," prepared from the income-
tax returns of individuals and corporations for that year filed during
1933, 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 1933, irrespective of the date of
death of the decedent, and a brief historical summary, as well as
tabulations of data from gift-tax returns filed during 1933,
GENERAL EXPLANATIONS
Returns tabulated. — In general, the returns included in this report
are for the calendar year 1932, filed under the provisions of the
Revenue Act of 1932. The major provisions of this act affecting
individual income taxes were the reduction in personal exemptions
from $3,500 to $2,500 for married individuals, or heads of families,
and from $1,500 to $1,000 for single individuals; an increase in the
normal tax rates from V/i, 3, and 5 percent to 4 and 8 percent; increased
surtaxes — graduated from 1 percent on net income in excess of $6,000
to 55 percent on net income in excess of $1,000,000, in lieu of 1 percent
on net income in excess of $10,000 to 20 percent in excess of $100,000;
elimination of the tax credit for earned income; and limitation of
deduction for losses from sales or exchanges of stocks and bonds (as
defined in the act) held for a period of 2 years or less to the amount
of gains from similar transactions. For corporations, this act in-
creased the tax rate for 1932 from 12 to 13% percent, with an ad-
ditional tax of three-fourths of 1 percent on net income reported on
consolidated returns, eliminated the specific credit of $3,000 for cor-
porations with small incomes, and limited the deductions for prior year
losses to losses of the preceding year.
Although most of the returns included in this report are for the
calendar year 1932, a considerable number of corporation 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 1932, returns with fiscal year ending within the
period July 1, 1932, to June 30, 1933, and fractional (part year)
returns for which the greater part of the period falls in 1932. The
1
Z STATISTICS OF INCOME
general tables therefore include calendar, fiscal, and fractional (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
20 and 131. 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
living with husband or wife, having a gross income of $5,000 and over,
and every married couple living together having an aggregate gross
income of $5,000 and over. Moreover, returns showing net income
below the minimum provided by the revenue acts are frequently
filed by married couples who elect to file separate returns as provided
by law; also as part-year returns filed in the case of the death of the
taxpayer and covering the income period to the date of death, and
in cases where the taxpayer elects to change the accounting period.
The statistics contained in this report are based on the taxpayers'
returns as filed, unaudited except for a preliminary examination to
insure proper execution of the returns, and include 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 statis-
tical 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
330,000), represent estimates based on samples of such returns.
Averages for the various items from a sample for each State are applied
to the total number of returns of the class which they represent to
secure estimates for the particular State. The samples are selected
from both forms on which individual incomes are reported — form
1040 for 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 1040A 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 1040A returns are audited
in the collection districts, and samples only are sent to Washington.
The sample for 1932 included approximately 240,000 returns on
form 1040, and 263,000 on form 1040A, representing for each collection
district not less than 10 percent of the number of each form of return
with net income under $5,000, distributed 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 1040A's the minimum was 2,000 wherever the
number filed exceeded that figure. Wlien the number of returns
filed in any collection district in this class was less than the respective
minima the entire number filed was tabulated.
STATISTICS OF INCOME 6
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.)
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 dejimtions . — Throughout 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 individuals,
such as personal exemption, credit for dependents, net loss 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 net loss for prior year included in deductions in arriving at
net income of corporations.
Gross income and deductions shoAvn in the corporation tables cor-
respond to the total income and total deductions reported in items 13
and 25, respectively, plus the cost of goods sold, item 2, and cost of
other operations, item 5 on face of return for 1932. Attention is
directed to changes in certain items on face of return for 1932. (See
form 1120, p. 226.)
The amount of income-tax liability returned for 1932, shown in the
tabulations in this volume, is not entirely comparable with the amount
of taxes collected during the calendar year 1933. Several factors are
responsible for this discrepancy, among which are the following:
1. The amount of tax originally reported in the returns does not
alwaj^s 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 Reyeiiue Act
of 1928 with respect to income returned for 1931 and as limited by
section 131 (b) of the Revenue Act of 1932 mth 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 liability showm in the
tabulations. The aggregate amount of income and profits taxes paid
to foreign governments or possessions of the United States taken as a
credit by corporations, 1925 to 1932, 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 indi-
vidual returns shown herein. However, all collections representing
income tax paid at source on tax-free covenant bonds are classified
4 STATISTICS OF INCOME
with the corporation income tax collections, due to the tax oeing
assessed against the debtor corporation 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 1933 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 1933, collections were made of part or all of the
taxes in returns for fiscal years ended from January 31, 1932 (the last
quarterly installment payment on which was due on or before Jan.
15, 1933), to September 30, 1933 (the filing of returns and the full
payment or first installment payment on which was due on or before
Dec. 15, 1933), whereas, as previously indicated, there are excluded
from these statistics the returns for fiscal years ending prior to July 1 ,
1932, and subsequent to June 30, 1933.
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 1932.
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 indus-
trial activities of many corporations and especially to affiliated cor-
porations filing consolidated returns, which latter include the income
and deductions of the subsidiary or affiliated corporations. If such
affiliated corporations could be classified independently of the con-
solidated 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 prin-
cipal office or agency is situated, excepting closely affiliated concerns
filing a consolidated return. In the latter case the consolidated return
is frequently filed in a State other than the States in which the princi-
pal places of business or principal offices or agencies of the subsidiaries
are located.
STATISTICS OF INCOME O
Comparability vnth previous reports. — In various sections of this
report, attention is called to special conditions affecting the com-
parability of specific items with similar data for earlier years. In
addition there are certain majoi conditions which prevent strict
comparability of the corporation income-tax data from year to year.
Shifts in the industrial classification are due among other causes to
the affiliation of concerns formerly filing separate returns and the
disintegration of groups of concerns filing consoHdated returns.
Such changes in corporation returns also affect the geographic dis-
tribution of data through changes in the location of the principal
place of business or principal office or agency of concerns entering
into or separating from consoHdated groups. Moreover, the total
as well as the separate items of assets and HabiHties, and of receipts
and deductions, are affected by changes in affihations for consoHdated
returns.
Changes in the provisions of the revenue acts under which the
returns for given years are filed also interfere with a precise compara-
bility of the data.
INDIVIDUAL INCOME-TAX RETURNS
The number of returns of individuals for 1932 was 3,877,430, of
which 1,936,095 were taxable and 1,941,335 nontaxable. The aggre-
gate net income was $11,655,756,678; the net income on taxable re-
turns was $7,919,587,855, on which the tax liability was $329,962,311.
As compared with the returns for the previous year, the total number for
1932 increased by 651,506, or 20.2 percent. The average net income
for 1932 was $3,006.05 for ah returns, and $6,020.24 for taxable returns,
the average amount of tax liability was $85.10 for all returns and
$170.43 for taxable returns, and the average tax rate was 2.8 percent
for all returns and 4.2 percent for taxable returns. For the preceding
year the average net income was $4,217.40 for all returns and $6,094.22
for taxable returns, the average tax liability was $76.30 for all returns,
and $161.34 for taxable returns, and the average tax rate was 1.8
percent for all returns and 2.7 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, 1932) is 3.1 percent, as compared
with a corresponding ratio for the preceding year of 2.6 percent.
The distribution of returns of individuals by States and Territories
is given in basic table 1, page 65, and by net income classes in basic
table 2, pages 66 and 67. 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 68 to 70, a similar distribution of
the number of returns, net income, and tax is shown by a more
detailed net income classification.
6
STATISTICS OF INCOME
Simple and cumulative distribution of individual returns for 1932, by net income
classes, shoiving number of returns, net income, tax, and percentages ^
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
Returns
Simple distribution
Number Percent
359, 688
1, 489, 589
967, 956
703, 755
251, 014
79, 210
18, 480
5,902
995
595
140
86
20
3, 877, 430
9.28
38.42
24.96
18.15
6.47
2.04
.47
.15
.02
.01
.01
.01
.01
100. 00
Cumulative distribu-
tion from highest
income class
Number Percent
3, 877, 430
3, 517, 742
2, 028, 153
1, 060, 197
356, 442
105,428
26, 218
7,738
1,836
841
246
106
20
100.
90.
52.
27.
Cumulative distribu-
tion from lowest
income class
Number Percent
359, 688
1, 849, 277
2, 817, 233
3, 520, 988
3, 772, 002
3,851,212
3, 869, 692
3, 875, 594
3, 876, 589
3, 877, 184
3, 877, 324
3,877,410
3, 877, 430
9.28
47.70
72.66
90.81
97.28
99.32
99.79
99.94
99.96
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)
$231, 140, 093
2, 145, 834, 456
2, 437, 251, 365
2, 697, 762, 538
1, 677, 039, 385
1, 160, 397, 944
629, 638, 688
393,206,033
119,895,876
118, 007, 910
52, 468, 703
57, 874, 231
35, 239, 556
1.98
18.41
20.91
22.29
14.39
9.96
5.40
3.37
1.03
1.01
.45
.50
.30
$11, 655, 756, 678
11, 424, 616, 585
9, 278, 782, 129
6, 841, 530, 764
4, 243, 768, 226
2, 666, 728, 841
1, 406, 330, 897
776, 692, 309
383, 486, 276
263, 590, 400
145, 582, 490
93, 113, 787
35, 239, 556
100. 00
98.02
79.61
58.70
36.41
22.02
12.06
6.66
3.29
2.26
1.25
.80
.30
$231, 140, 093
2, 376, 974, 549
4, 814, 225, 914
7, 411, 988, 452
9, 089, 027, 837
10,249,425,781
10, 879, 064, 369
11, 272, 270, 402
11,392,166,278
11,610,174,188
11,562,642,891
11,620,617,122
11, 665, 756, 678
1.98
20.39
2-3 (estimated)
41.30
3-5 (estimated)
63.69
6-10
77.98
10-25
87.94
26-60
93.34
50-100
96.71
100-150
97.74
150-300
98.75
300-500 -.
99.20
500-1,000
99.70
1,000 and over
100. 00
Total
11, 655, 756, 678
100. 00
Tax
Net income classes
(Thousands of dollars)
Simple distribution
Cumulative distribu-
tion from highest in-
come class
Cumulative
tion from
come class
distribu-
lowest in-
Amount
Percent
Amount
Percent
Amount
Percent
Under 1 (estimatpd) -- --
$102, 827
12, 254, 359
9, 822, 223
20, 894, 515
35, 614, 899
50,150,017
43, 545, 894
47,149,914
24, 469, 289
21,911,690
18,554,148
19,016,370
16,476,166
0.03
3.71
2.98
6.33
10.79
15.20
13.20
14.29
7.42
9.67
5.62
5.76
5.00
$329, 962, 31 1
329, 859, 484
317, 605, 125
307, 782, 902
286, 888, 387
251,273,488
201,123,471
157, 577. 577
110,427,663
85, 958, 374
54, 046, 684
35, 492, 536
16, 476, 166
100. 00
99.97
96.26
93.28
86. 95
76.16
60.96
47.76
33.47
26. 05
16.38
10.76
6.00
$102, 827
12, 357, 186
22. 179, 409
43, 073, 924
78, 688, 823
128,838,840
172, 384, 734
219, 534, 648
244, 003, 937
275,915,627
294, 469, 775
313, 486, 145
329,962,311
0.03
1-2 (estimated) - -.
3.74
2-3 ''estimated)
6.72
3-5 (estimated) ..
13.05
6-10-
10-25
23.84
39.04
25-50
62.24
50-100
66.53
100-160 -.-
73.95
150-300
83.62
300-500
89.24
500-1,000
95. 00
1,000 and over
100. 00
Total
329,962.311
100. 00
• For general explanations, see pp. 1-5.
STATISTICS OF INCOME i
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, pages 71 to 74, similar
data are shown by States and Territories and by net income classes,
respectively.
Individual returns for 1932 by sex and family relationship of taxpayer, showing
number of returns, net income, and percentages ^
Returns
Net income
Number
Percent
Amount
Pprcent
Joint returns of husbands and wives, with or without
dependent children, and the returns of husbands
whose wives, though living with them, file separate
1,921,105
83, 005
255, 253
159, 140
820, 352
623, 483
15, 092
49.55
2.14
6.58
4.10
21.16
16.08
.39
$7, 033, 542, 287
446,851,8.57
629, 945, 85''
371,347,538
1, 644, 609, 925
1, 350, 466, 321
178, 992, 893
60.34
3.83
5.40
Single women, heads of families - -
3.19
14.11
11.59
Community property income 2 .
1.54
Total ---
3, 877, 430
100. 00
11, 655, 756, 678
100. 00
1 Includes returns for income of estates or property held in trust, which are distributed by sex and family
relationship of the testator or grantor. For general explanations see pp. 1-5.
2 Excludes separate returns of community property income of husband and wife in which the net income
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 heading are classified either under joint returns of husbands and wives, etc., or wives filing sepa-
rate returns from husbands.
There is shown below a restatement of data appearing on page 6
of the Statistics of Income for 1931, in which the figures for certain
items were transposed:
Family relationship
Data shown in Statistics
of Income for 1931
Correct figures
Number
of returns
Net income
Number
of returns
Net income
Joint returns of husbands and wives, with or with-
out dependent children, and the returns of hus-
bands whose wives, though living with them,
1, 646, 523
237, 157
104, 649
709, 951
415, 061
88, 238
24. 345
$8, 210, 345, 006
782, 865, 305
363, 808, 708
1, 961, 086, 504
1, 402, 237, 112
591, 613, 056
293, 040, 437
1, 646, 523
88, 238
237, 157
104, 649
709, 951
415, 061
24, 345
$8, 210, 345, 006
Wives filing separate returns from husbands
Single men, heads of families -
591, 613, 056
782, 865, 305
Single women, heads of families . . . . . . .
363, 808, 708
Single men, not heads of families
1, 961, 086, 504
Single women, not heads of families
1, 402, 237, 112
Community property income
293, 040, 437
Total
3, 225, 924
13, 604, 996, 128
3, 225, 924
13, 604, 996, 128
8
STATISTICS OF INCOME
NET INCOME EXEMPT FKOM 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
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 1932^
Distribution
Amount
Percent
$11, 655, 756, 678
100. 00
Net income specifically exempt from normal tax:
Personal exemption and credit for dependents
8, 517, 123, 872
1, 721, 114, 267
Net personal exemption and credit for dependents
6, 796, 009, 605
1, 972, 133, 267
29, 187, 748
48, 314, 760
28, 983, 608
68.31
Dividends on stock of domestic corporations- - -
16.92
Interest on Government obligations not wholly exempt from tax
Capital net gain from sale of assets held more than 2 years $50, 074, 227
Less loss in ordinary net income and net loss for prior year,
deductible from capital net gain 1,769,467
.25
.41
.25
Net income offset by net loss for prior year --.
Net income not subject to normal tax..
8, 874, 628, 988
76.14
Net income subject to normal tax .
2, 781, 127, 690
23.86
' For general explanations, see pp. 1-5.
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 two years apply, for
capital net gains, 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 two years may, at the option of the taxpayer, be reported sepa-
rately 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 43-45,
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 two years by one of two meth-
ods, whichever will produce the larger tax. These two methods are
(1) the tax on the net income from other sources, termed "ordinary
STATISTICS OF INCOME
9
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 1918
and 1921 such losses are deducted in arriving at net income. Under
the Revenue Acts of 1916 and 1917 losses sustained in transactions
entered into for profit but not connected with business or trade are
deductible to the extent of the aggregate income from such transac-
tions. In order that the amounts shown as "net income" and "de-
ductions" 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 1 17 of the Revenue
Act of 1928.) Under the Revenue Act of 1932 net losses for 1931 only
are allowed as deductions in computing net income of the taxpayer
for 1932.
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 1932, 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
1927 37,054,785
Year Amount
1928 $33,616,475
1929 28,909,275
1930 39,920,711
1931 43,754,089
1932 28,983,608
SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS)
Immediately following is shown a distribution by sources of the
income and deductions reported by individuals. The figures for the
various sources are aggregates of net amounts of income, and repre-
10
STATISTICS OF INCOME
sent the amounts by which the gross income exceeds the deductions
aUowed for each specific source, as provided in the schedules of the
return. (See form 1040, p. 220.) Net losses reported in the schedules
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 corporations,
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 segre-
gated into "Interest other than tax-exempt" and "Other income."
With reference to the amount of profits and losses from sales of assets,
other than those held for more than 2 years, attention is directed to
the provisions of the Revenue Act of 1932. The provisions of section
23 (r) limit deductions for losses from the sales or exchanges of
stocks and bonds, as defined in section 23 (t), held for 2 years or less,
to the gains from such sales or exchanges.
Sources of income and deductions in individual returns for 1982, amounts and
'percentages i
Sources of income and deductions
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 not 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.. -
Another
Total deductions
Net income -
Amount
B8, 136, 716, 732
1, 294, 951, 979
482, 862, 993
112, 813, 589
50, 074, 227
629, 9S8, 835
29, 187, 748
1, 972, 133, 267
310, 949, 384
1,141,799,026
330, 601, 921
14, 392, 079, 701
375, 445, 203
112,659,063
304, 009, 393
1, 944, 209, 364
2, 736, 323, 023
11,655,756,678
Percent
56.54
9.00
3.36
.78
.35
3.68
.20
13.70
2.16
7.93
2.30
100. 00
2.61
.78
2.11
13.51
19.01
80.99
1 For general explanations, see pp. 1-5.
The following table shows, by net-income classes, the distribution
of the total income by sources. The distribution by States and
Territories and by a larger number of net-income classes is shown in
basic tables 6 and 7, respectively (pp. 75 to 78).
STATISTICS OF INCOME 11
Sources of income and deductions, individual returns for 1932, by net income classes '
Net income classes
(Thousands of dollars)
Wages and
salaries
Business
Partnership
Profit from sale of real
estate, stocks, bonds,
etc.
Reported
for tax on
capital net
gain 2
All other
Under 5 (estimated)
5-10
10-25
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total
$6, 079, 462, 291
1, 136, 925, 884
543, 323, 676
216, 431, 153
106, 944, 259
25, 997, 418
18, 325, 001
4, 423, 706
4, 115, 334
768, 010
$940, 463, 524
196, 773, 530
99, 549, 723
36, 665, 572
15, 835, 089
3, 358, 947
1, 167, 575
667, 908
463, 082
7,029
$198, 238, 815
99, 189, 593
83, 753, 963
52, 146, 553
31, 387, 101
8, 415, 555
7, 811, 237
1, 267, 936
542, 806
109, 434
$901, 263
8, 295, 703
11, 675, 808
6, 713, 743
8, 686, 532
5, 092, 794
8, 704, 288
4,096
$41, 170, 693
24, 101, 459
26, 004, 150
10, 997, 859
5, 078, 839
1, 741, 559
1, 141, 126
728, 374
1, 848, 528
1,002
8, 136, 716, 732
1, 294, 951, 979
482, 862, 993
50, 074, 227
112, 813, 589
Net income classes
(Thousands of dollars)
Rents and
royalties
Interest on
Govern-
ment obli-
gations not
wholly
exempt
from tax
Dividends on
stock of do-
mestic cor-
porations
Fiduciary
Interest other
than tax-
exempt
Under 5 (estimated)
5-10
10-25-.
25-50
50-100
100-150
150-300
300-500
500-1,000
1,000 and over
Total -
369, 744, 512
71, 696, 327
50, 370, 043
21, 405, 975
10, 199, 457
3, 370, 734
1, 896, 478
496, 409
795, 905
12, 995
$7, 629, 678
10, 895, 497
5, 744, 189
3, 042, 136
844, 873
605, 439
195, 951
159, 234
70, 751
$431, 508, 078
318, 765, 208
394, 961, 769
264, 632, 792
232, 224, 240
84, 459, 363
93, 637, 010
46, 352, 028
54, 238, 746
51, 354, 033
$93,339,211
64, 006, 137
74, 596, 994
45, 907, 814
21, 319, 229
5,143,979
3, 685, 858
1, 454, 664
1, 377, 941
117, 557
$605, 257, 692
198, 572, 875
166, 317, 169
92, 137, 655
47, 635, 103
12, 015, 458
9, 385, 822
4, 922, 371
2, 779, 231
2, 775, 650
529, 988, 835
29, 187, 748
1, 972, 133, 267
310, 949, 384
1, 141, 799, 026
Net loss from
sale of real es-
tate, stocks,
Net income classes
bonds, etc.,
Net loss from
Other income
Total income
other than
business and
(Thousands of dollars)
reported for
tax credit on
capital net
loss 2
partnership
Under 5 (estimated) -
$263, 248, 779
$9, 022, 433, 595
$200, 818, 261
$65, 686, 689
5-10—
26, 710, 008
2, 144, 370, 699
104, 107, 491
14, 191, 507
10-25 - -
18, 894, 465
1, 469, 568, 712
52, 095, 263
14,387,921
25-50
11,121,605
5, 327, 325
765, 486, 870
490, 668, 586
7, 874, 383
4, 775, 437
7, 160, 971
50-100 -
6,406,005
100-150
1, 075, 399
2, 163, 358
153,137,028
148, 505, 436
1, 976, 746
1, 507, 063
2, 009, 281
150-300-
1,325,313
300-500 -
731, 370
1, 137, 526
192, 086
66, 333, 511
76, 162, 621
55, 412, 643
648, 993
664, 727
976, 839
647, 594
500-1,000 -
682, 241
1,000 and over -
161, 541
Total
330, 601, 921
14,392,079,701
375, 445, 203
112,659,063
' For general explanations, see pp. 1-5.
' Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
p. 8.)
(See
61684—34-
12
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1932, by net income
classes ^ — Continued
Net income classes
(Thousands of dollars)
Contributions
All other de-
ductions
Total deduc-
tions
Net income
Under 5 (estimated)
6-10 -
10-25
2^50-
50-100
100-150
150-300
300-500 --.
500-1,000
1,000 and over
Total
$164, 163, 049
45, 927, 586
33, 988, 836
20, 292, 015
16, 638, 720
5, 844, 222
6, 670, 887
3, 692, 055
3, 737, 682
3,054,341
, 179, 777, 144
303, 104, 730
208, 698, 748
100, 520, 913
69, 642, 391
23, 410, 903
20, 994, 263
8, 876, 166
13, 203, 740
15, 980, 366
$1, CIO, 445, 143
467, 331, 314
309, 170, 768
135, 848, 282
97, 462, 553
33, 241, 152
30, 497, 526
13, 864, 808
18, 288, 390
20, 173, 087
$7, 411, 988, 452
1, 677, 039, 385
1, 160, 397, 944
629, 638, 588
393, 206, 033
119, 895, 876
118, 007, 910
52, 468, 703
57, 874, 231
35, 239, 556
304, 009, 393
1, 944, 209, 364
2, 736, 323, 023
11, 655, 756, 678
Percentage distribution of sources of income and deductions, individual returns for
1932, by net income classes^
Net income classes
Wages and
salaries
Business
Partner-
ship
Profit from sale of real
estate, stocks, bonds,
etc.
Rents and
royalties
(Thousands of dollars)
Reported
for tax on
capital net
gain 2
All other
Under 5 (estimated) -
67.38
53.02
36.97
28.27
21.80
16.98
12.34
6.67
5.40
1.38
10.42
9.18
6.77
4.79
3.23
2.19
.79
1.01
.61
.01
2.20
4.63
5.70
6.81
6.40
5.50
5.26
1.91
.71
.20
0.46
1.12
1.77
1.44
1.04
1.14
.77
1.10
2.43
.01
4.10
5-10 -
3.34
10-25 -
0.06
1.08
2.38
4.38
5.85
7.68
11.43
.01
3.43
25-50
2.80
50-100
2.08
100-150
2.20
150-300
1.28
300-500
.75
500-1,000
1.05
1 000 and over -
.02
Total
56.54
9.00
3.36
.35
.78
3.68
Net income classes
(Thousands of dollars)
Interest on
Govern
ment ob-
ligations
not wholly
exempt
from tax
Dividends
on stock of
domestic
corpora-
tions
Fiduciary
Interest
other than
tax-exempt
Other in-
come
Total in-
come
Under 5 (estimated) -
4.78
14.87
26.88
34.57
47.32
55.15
63.05
69.87
71. 21
92.67
1.03
2.98
5.08
6.00
4.34
3.36
2.48
2.19
1.81
.21
6.71
9.26
11.32
12.04
9.71
7.85
6.32
7.42
3.65
5.01
2.92
1.24
1.28
1.45
1.08
.70
1.45
1.10
1.49
.35
100. 00
5-10
0.36
.74
.75
.62
.55
.41
.30
.21
.13
100. GO
10-25
100. 00
25-50 ---
100.00
50-100 -.-
100.00
100-150
100.00
150-300
100. 00
300-500
100. 00
500-1,000 -
100. 00
1,000 and over
100.00
Total
.20
13.70
2.16
7.93
2.30
100. 00
' For general explanations, see pp. 1-5.
' Capital net gain and loss are reported as provided by law on sale of a.ssets held more than 2 years,
p. 8.)
(See
STATISTICS OF INCOME
13
Percentage distribution of sources of income and deductions, individual returns for
1932, by net income classes^ — Continued
Net income classes
(Thousands of dollars)
Net loss
from sale of
real estate,
stocks,
bonds, etc.
other than
reported
for tax
credit on
capital
net loss 2
Net loss
from busi-
ness and
partnership
Contri-
butions
All other
deductions
Total de-
ductions
Net in-
come
Under 5 (estimated) - .
2.23
4.86
3.55
1.03
.97
1.29
1.02
.98
.87
1.77
73
.66
.98
.94
1.31
1.31
.89
.98
.89
.29
1.82
2.14
2.31
2.65
3.39
3.82
4.49
5.56
4.91
5.51
13.07
14.13
14.20
13.13
14.19
15.29
14.14
13.38
17.34
28.84
17.85
21.79
Jli. 04
17.75
19.86
21.71
20 54
20 90
24.01
36.41
82.15
5-10
78.21
10-25
78.96
25-50
82.25
50-100
8014
100-150
78.29
150-300 - -
79.46
300-500
79.10
500-1,000
75.99
1,000 and over
63.59
Total -
2.61
.78
2.11
13.51
19.01
80 99
' For general explanations, see pp. 1-S.
2 Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years.
See p. 8.)
(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, syndicate, pool, etc., 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 (a)
and/or (b) on the return.
14
STATISTICS OF INCOME
Frequency distribution by size of certain items of income and deduction, individual
returns for 1932 of net income of $5,000 and over, shoiving the frequency of occur-
rence and the amount of income and amount of loss
Size of specific
income and
deduction
(Thousands of
dollars)
Wages and salaries
Num-
ber of
returns
Amount
Business
Num-
ber of
returns
Dividends on stock of
domestic corporations
Num-
Amount ber of
returns
Amount
Rents and
royalties
Num-
ber of
returns
Amount
Under 0.1.
0.1-0.2
0.2-0.3
0.3-^).4
0.4-0.5
0.5-1
1-2. .-
2-3.
3-4...
4-5.
5-10
10-15
15-20
20-25
25-30
30-40
40-50
50-75
75-100
100-250
250-500.
2,624
1,970
1,425
1,215
885
3,819
6,789
7,547
9,564
13, 789
130, 177
31,775
11,053
4,811
2,824
2,624
1,229
1,140
289
268
500-1,000
1,000 and over.
Total 235, 828 2, 057, 254, 441
$125, 192
274, 373
343, 362
410, 058
390, 618
2, 730, 131
9, 960, 668
18, 680, 415
33, 266, 925
62, 433, 890
898, 920, 687
383, 305, 998
187, 424, 129
105, 143, 663
76, 083, 125
89, 023, 846
54, 391, 736
68, 127, 385
24, 755, 430
36, 830, 892
3, 126, 147
1, 505, 771
45, 547
908
$42, 302
777
111,307
645
159, 636
465
160, 595
470
209, 979
1,730
1, 262, 494
2,600
3, 817, 463
2,322
5, 774, 404
2,301
8, 055, 551
3,173
14, 363, 398
20, 654
144, 210, 977
5,274
63, 323, 424
1,896
32, 518, 691
884
19, 702, 094
515
14, 057, 798
439
15, 053, 187
213
9, 512, 489
188
11, 264, 427
51
4, 608, 710
37
4, 677, 654
5
1, 601, 875
27, 651
17, 603
12, 590
9,897
8,059
27, 374
29, 935
18, 145
13, 367
10, 680
31, 462
12, 104
6, 069
3,743
2,474
2,824
1,627
1,881
815
1,069
205
83
27
354, 488, 455 239, 684 1, 540, 625, 189
$1, 247, 908
2, 540, 264
3, 080, 416
3, 413, 098
3, 596, 540
19, 746, 629
43, 177, 131
44, 654, 504
46, 364, 494
47, 824, 200
221,491,022
147, 132, 028
104, 507, 937
83,411,606
67, 395, 604
97, 325, 722
72, 561, 950
113,347,111
69, 939, 084
158, 457, 578
69, 563, 823
59, 829, 302
60, 017, 238
10, 281
7,405
5,560
4,594
3,426
9,682
8,131
3,993
2,574
1,875
5,248
1,769
722
344
205
251
91
97
30
15
2
$482, 990.
1, 075, 771
1, 363, 677
1, 584, 043
1, 528, 670
6, 887, 804
11,520,643
9, 803, 554
8, 926, 676
8, 390, 313
36, 643, 314
21,417,022
12, 368, 206
7, 653, 350
5, 603, 000
8, 584, 491
4, 052, 247
5, 821, 280
2, 636, 152
1, 985, 240
716, 752
1, 199, 128
66,296 160,244,32a
Size of specific
income and
deduction
(Thousands of
dollars)
Under 0.1
0.1-0.2
0.2-0.3
0.3-0.4
0.4-0.5
0.5-1
1-2
2-3
3-4
4-5.
6-10
10-15
15-20
20-25
25-30
30-40
40-50
60-76
76-100
100-250
250-500...
600-1,000
1,000 and over.
Total.. -
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
Num-
ber of
returns
6,528
3,624
2,441
1,838
1,470
4,270
3,646
1,724
1,123
784
2,105
723
310
151
95
79
46
40
8
20
5
2
Amount
Net loss from sale of
real estate, stocks,
bonds, etc., other
than reported for
tax credit on cap-
ital net loss from
sale of assets held
more than 2 years
$279, 162
525, 642
599, 047
635, 837
658, 570
3, 039, 562
5, 176, 377
4, 216, 021
3, 879, 913
3, 571, 920
14, 714, 697
8, 945, 204
5, 324, 534
3, 375, 933
2, 600, 493
2, 697, 344
2, 084, 940
2, 384, 348
701, 630
2, 688, 330
1, 737, 180
1, 806, 212
31, 032 71, 642, 896
Num-
ber of
returns
2,729
1,848
1,605
1,451
1,284
5,681
7,449
4,777
3,444
2,582
6,408
2,216
966
437
244
188
65
46
16
21
5
Amount
43, 462
$118, 641
268, 090
394, 325
503, 259
574, 404
4, 133, 613
10, 821, 581
11,742,508
11, 927, 191
11,580,522
45,118,291
26, 779, 452
16, 534, 369
9, 730, 384
6,658,011
6, 389, 343
2, 887, 381
2, 785, 774
1, 418, 099
2, 780, 506
1, 481, 198
Capital net gain
from sale of assets
held more than 2
years
Num-
ber of
returns
239
131
88
69
46
176
153
112
65
60
160
117
90
57
56
102
67
80
53
81
18
10
Capital net loss
from sale of assets
held more than 2
years
Num-
ber of
returns
174, 626, 942
2,030
$10, 877
18, 757
21, 282
23, 701
20, 492
124, 880
212, 604
270, 261
224, 080
267, 123
, 196, 330
, 449, 589
. 548, 600
277, 857
538, 090
527, 434
995, 667
984, 290
530, 670
353, 184
574, 219
904, 240
50, 074, 227
237
179
144
137
122
519
895
729
597
595
2,235
2,022
1,901
1,489
1,163
1,681
1,071
1,473
775
1,193
282
98
41
Amount
19, 578
$11,345
25, 753
34, 910
47, 315
55, 005
385, 912
1, 321, 618
1, 819, 399
2, 086, 079
2, 677, 794
16, 564, 505
25, 122, 181
33, 146, 944
33, 345, 833
31, 784, 964
58, 404, 141
47, 838, 572
89, 613, 316
66, 706, 896
177, 076, 970
94, 165, 764
64, 234, 348
85, 894, 469
832, 364, 033
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) reported
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 neces-
sarily 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 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 retm^ns, form 1040.
Net -profit from business, by major industrial groups, showing number of businesses
and net profit from business, individual returns for 19S2 of net income of $5,000
and over; also grand total for prior years
Industrial groups
Number
of busi-
nesses
Percent
Net profit
from business
Percent
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, 1932 _
1931—. -
1930
1929 .-
1928.
1927
1926.
1925 —
1924
1923
1,415
517
493
18
327
29
16
64
26
379
128
45
150
199
1,874
937
556
6,534
27, 551
3,184
2,979
45, 547
97, 779
154, 640
228, 475
220, 159
212,919
218, 148
203, 576
0)
(1)
3.11
1.14
$6, 184, 945
5, 188, 095
.04
.71
.06
.04
.14
.06
.83
.28
.10
.33
.44
3, 955, 167
215, 694
2, 830, 091
193, 058
100, 044
458, 076
208, 605
3, 047, 633
1, 479, 323
302, 195
1, 194, 754
1, 838, 708
4.11
15, 823, 348
2.06
1.22
14.35
60.48
6.54
100. 00
8, 928, 242
4, 413, 934
43, 185, 223
227, 196, 558
25, 544, 976
18, 023, 134
354,
766,
1, 215,
1, 836,
1, 772,
1, 704,
1, 738,
1, 623,
1, 290,
1, 059,
488, 455
729, 779
452, 152
328, 530
255, 111
175, 267
522, 844
638, 298
721, 756
472, 721
1.74
1.46
1.12
.06
.80
.05
.03
.13
.06
.86
.41
.09
.33
.52
4.46
2.52
1.25
12.18
64.09
7.21
5.09
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 8A, pages 79 and 80, 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. Table 8A includes a historical
summary of these data for the years 1927 through 1931.
The amounts are shown separately as reported in business deduc-
tions in Schedule A, Income from Business or Profession, and in
deductions from total income. Taxes paid other than Federal income
tax are reported under "Deductions" 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 corporation
which are paid by the corporation without reimbursement from you, nor income
taxes claimed as a credit in item 40. No deduction is allowable for any portion
of foreign income and profits taxes if a credit is claimed in item 40.
Taxes paid on business property or for carrying on business as
reported 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 1040F,
Schedule of Farm Income and Expenses.
Interest paid is reported under "Deductions" in the individual
income tax return (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 schedule A or B). Do
not include interest on indebtedness incurred or continued to purchase or carry
obligations or securities the interest upon which is wholly exempt from taxation or
interest on indebtedness incurred or continued in connection with the purchasing
or carrying of an annuity.
Interest paid on business indebtedness to others is reported under
business deductions in item 1 1 , 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.
STATISTICS OF INCOME 17
WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS OF NET INCOME
OF $5,000 AND OVER (INDIVIDUAL RETURNS)
Wholly tax-exempt obligations consist of securities the interest on
which is wholly exempt from the normal income tax and surtax of the
Federal Government. Partially tax-exempt obligations include secu-
rities the interest on which is exempt from the normal income tax
of the Federal Government and certain issues the interest on the
principal amount up to $5,000 is also exempt from surtax. During
the calendar year 1932, the wholly tax-exempt obhgations of the
Federal Government, on which interest was paid, included bonds
issued on or before September 1, 1917, First Liberty 3^ percent bonds,
Treasury bills. Treasury certificates of indebtedness. Treasury notes,
securities issued under the Federal Farm Loan Act, and obhgations of
United States possessions. Partially tax-exempt obhgations of the
Federal Government were Liberty 4 and 4% percent bonds and all
Treasury bonds.
The follo\\dng tabulation shows the wholly and partially tax-
exempt obligations owmed and interest received therefrom, segregated
by nature of obligation and by net income classes, reported in returns
of net income of $5,000 and over.
The amount of interest reported is the total amount 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 19S2
of net income of $5,000 and over, showing amount owned and interest received by
nature of obligations and net income classes
Net income classes
(Thousands of dollars)
Amount owned
Total
Wholly tax-exempt obligations
Total
Obligations of
States and
Territories or
political sub-
divisions
thereof
Obligations of
the United
States and its
possessions
and securities
issued under
Federal Farm
Loan Act i
Partially
tax-exempt
obligations
of the
United
States 8
6-6-
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
60-60-.
60-70
70-80
80-90-.
90-100-.
100-150-.
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.
Total—.
$159,
131,
152,
114,
106,
94,
81,
76,
65,
56,
286,
238,
217,
324,
270,
279,
239,
118,
278,
160,
85,
72,
151,
36,
128,
72,
38,
1,
3,
592, 460
366, 770
813, 879
167, 244
967, 601
257, 724
829, 722
541, 557
088, 262
980, 747
517, 007
950, 072
985, 245
974, 179
748, 041
966, 610
140, 418
876, 469
914, 637
799, 894
896, 352
342, 474
783, 472
335, 126
986, 469
591, 563
141, 773
785, 520
646, 552
316, 800
762, 650
$90, 510, 785
77, 572, 379
103, 661, 648
71, 937, 979
71, 020, 953
63, 070, 008
56, 338, 682
47, 523, 851
43, 768, 720
38, 557, 345
214, 602, 845
186, 447, 250
178, 560, 939
276, 834, 822
232, 562, 203
253, 032, 559
222, 709, 583
108, 668, 236
84, 703, 867
76, 017, 357
262, 671, 883
155, 635, 537
82, 549, 178
68, 075, 467
149, 847, 927
35, 731, 856
126, 262, 253
72, 074, 020
37, 890, 170
766, 500
2, 235, 600
$60, 190, 954
53, 853, 325
76, 747, 292
60, 056, 595
48, 546, 359
46, 146, 614
41, 100, 215
32, 536, 028
32, 156, 747
26, 748, 706
163, 595, 395
127, 913, 941
121, 411, 155
206, 449, 300
173, 025, 307
182, 097, 314
171, 417, 803
86, 319, 238
58, 475, 633
56, 657, 777
202, 080, 994
103,941,111
59, 345, 285
51, 329, 952
119,308,001
24, 068, 816
103, 161, 673
48, 558, 000
13, 408, 285
117, 216, 550
117,211,000
286, 000
"32,'360i'000"
$30, 319, 831
23, 719, 054
26, 914, 356
21, 881, 384
22, 474, 594
16, 923, 394
15, 238, 467
14, 987, 823
11,611,973
11,808,639
61, 007, 450
58, 533, 309
57, 149, 784
70, 385, 522
69, 536, 896
70, 935, 245
51, 291, 780
22, 348, 998
26, 228, 234
19, 359, 580
60, 590, 889
51, 694, 426
23, 203, 893
16, 745, 515
30, 539, 926
11, 663, 040
23, 100, 580
23, 516, 020
24, 481, 885
766, 500
1, 949, 600
84, 851, 000
4, 340, 283, 839
3, 609, 053, 402
2, 573, 293, 815
1, 035, 759, 587
$69, 081, 675
53, 794, 391
49, 152, 231
42, 229, 265
35, 946, 648
31, 187, 716
25, 491, 040
29, 017, 706
21, 319, 542
18, 423, 402
71, 914, 162
62, 502, 822
39, 424, 306
48, 139, 357
38, 185, 838
26, 934, 051
16, 430, 835
10, 208, 233
10, 210, 770
4, 782, 537
16, 224, 469
4, 706, 937
3, 234, 294
4, 259, 659
2, 138, 542
859, 707
1, 879, 520
711, 500
756, 382
550, 300
1, 527, 050
5,650
731, 230, 437
> Bonds issued on or before Sept. 1, 1917, First Liberty 3^2 percent bonds. Treasury bills, Treasury certifi-
cates of indebtedness. Treasury notes, securities issued under the Federal Farm Loan Act, and obliga-
tions of United States possessions.
' Liberty 4 and 4J4 percent bonds and all Treasury bonds.
STATISTICS OF INCOME
19
Wholly and partially tax-exempt obligations reported in individual returns for 19S2
of net income of $6,000 and over, showing amount owned and interest received by
nature of obligations and net income classes — Continued
Net income classes
(Thousands of dollars)
Interest received
Total
Wholly tax-exempt obligations
Total
Obligations
of States and
Territories or
political sub-
divisions
thereof
Obligations
of the United
States and
its posses-
sions and
securities
issued under
Federal
Farm Loan
Acti
Partially
tax-exempt
obligations
of the
United
States 2
5-6.
6-7-
7-8.
9-10
10-11
11-12
12-13
13-14
14r-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....
$8, 725, 889
7, 282, 356
7, 841, 241
5, 893, 004
5, 608, 924
5, 445, 457
4, 107, 220
3, 905, 602
3, 642, 232
3, 025, 262
15, 727, 134
13,300,641
11,480,945
19, 979, 106
15, 985, 960
15, 226, 392
13, 091, 673
7, 068, 849
6, 273, 472
5, 552, 596
16,166,819
9,415,895
5,871,641
3, 197, 919
7, 436, 160
2, 347, 532
5, 025, 221
2, 703, 667
1, 260, 289
299, 703
332, 395
$5, 599, 143
4,363,951
5, 424, 768
3, 923, 747
3, 872, 369
3, 773, 435
2, 945, 936
2, 620, 040
2, 742, 022
2, 155, 230
11,770,284
10, 950, 048
9, 772, 329
17,603,530
14, 315, 268
14,159,114
12,112,707
6, 652, 738
5, 685, 926
5, 342, 641
15,493,911
9, 228, 617
5,751,716
3, 028, 425
7, 268, 018
2,316,513
4, 964, 592
2, 682, 132
1, 253, 016
292,383
274, 995
$3, 752, 210
3, 184, 032
4, 122, 925
2, 922, 819
2, 893, 387
2, 894, 290
2, 265, 873
1, 945, 925
2, 047, 501
1,652,247
9, 212, 599
8,371,980
7, 364, 763
13, 475, 968
10, 447, 912
11,276,169
9, 659, 764
5, 444, 757
4, 635, 463
4, 356, 787
12, 713, 160
7, 041, 858
4, 477, 079
2, 409, 815
6, 005, 784
1, 888, 267
4, 307, 561
1, 937, 176
506, 121
271,284
17, 080
$1, 846, 933
1,179,919
1,301,843
1, 000, 928
978. 982
879, 145
680, 063
674, 115
694, 521
502. 983
2, 557, 685
2, 578, 068
2, 407, 566
4,127,562
3, 867, 356
2, 882, 945
2, 452, 943
1, 207, 981
1,050,463
985, 854
2, 780, 751
2, 186, 759
1, 274, 637
618, 610
1, 262, 234
428, 246
657, 031
744, 956
746, 895
21, 099
257, 915
4, 344, 727
4, 344, 491
1, 723, !
2, 620, 523
237, 565, 923
202, 684, 035
155, 226, 624
47, 457, 511
$3, 126, 746
2, 918, 405
2, 416, 473
1, 969, 257
1, 736, 555
1,672,022
1,161,284
1, 285, 562
900, 210
870, 032
3, 956, 850
2, 350, 593
1, 708, 616
2, 375, 576
1, 670, 692
1, 067, 278
978, 966
416,111
587, 546
209, 955
672, 908
187, 278
119,925
169, 494
168, 142
31,019
60, 629
21, 535
7,273
7,320
57,400
236
34,881,888
1 Bonds issued on or before Sept. 1, 1917, First Liberty 3H percent bond. Treasury bills. Treasury cer-
tificates of indebtedness, Treasury notes, securities issued under the Federal Farm Loan Act, and obli-
gations of United States possessions.
2 Liberty 4 and 4Ji percent bonds and all Treasury bonds»
20
STATISTICS OF INCOME
EETURNS 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 mth the statu-
tory 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 131.
Individual returns for 1932 on form IO4O with no net income, by deficit classes
showing number of returns, deficit, and totals for 1928 to 1931
Deficit classes (thousands of dollars)
Number
of returns
Deficit
Under 5 . ...
155, 343
23, 600
17,018
5,991
2,692
723
627
170
86
43
$233, 604, 886
5-10.
165, 667, 073
10-25
263, 201, 632
25-50.
207, 212, 577
50-100
185, 510, 060
100-150
88, 107, 029
150-300
128, 547, 419
300-500
64, 538, 969
500-1,000
58, 831, 231
1,000 and over
85, 700, 992
Total, 1932.
206, 293
184, 583
144, 867
92, 545
72, 829
1, 480, 921, 868
1931..
1, 936, 878, 391
1930
1, 539, 452, 396
1929
1, 025, 130, 372
1928 . .
499, 213, 372
Individual returns for 1932 on form lOJ^O with no net income, showing sources of
income and deductions ^
Sources of income and deductions
Amount
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 other than tax-exempt
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
$219, 716, 464
54, 880, 336
28,611,943
20, 601, 713
105, 608, 829
4, 234, 789
216, 543, 807
18, 842, 898
131, 992, 701
30, 558, 844
831, 592, 324
177, 757, 888
12, 651, 277
835, 279, 524
519, 339, 905
767, 485, 598
2,312,514,192
1,480,921,868
>For general explanations, see pp. 1-5.
STATISTICS OF INCOME
21
NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUAL
RETURNS)
The statistics showing the number of individual income-tax returns
for 1932, by counties, cities, and by townships having a population
of 1,000 and over in the 1930 census, are issued in a separate mimeo
graphed bulletin entitled ''Individual Income Tax Returns for 1932 —
Number of Returns by States and by Counties, Cities, and Town-
ships, " which was released May 7, 1934. Copies may be secured
from the Bureau of Internal Revenue, Washington, D.C., upon re-
quest. Information on net income and tax liability in individual
income-tax returns is not tabulated for smaller civil divisions than
States and Territories.
PARTNERSHIP RETURNS OF INCOME
Partnership returns, except for the war excess-profits tax of 1917,
are not subject to direct assessment — the income being reported by
the individual copartners according to their shares whether distributed
or not. A special return of information concerning income is, how-
ever, required from partnersliips on form 1065.
The number of partnership returns filed for 1917 to 1932, inclusive,
is as follows:
Year Number
1925 309,414
1926 295,425
1927 282,841
1928 272,127
1929 263,519
1930 244,670
1931 230,407
1932 216,712
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
CORPORATION INCOME-TAX RETURNS
The number of income-tax returns filed by corporations for 1932
was 508,636, as against 516,404 for 1931. Of the total number of
returns for 1932, 82,646 showed net income, 369,238 no net income,
and 56,752 no income data. The aggregate net income of all returns
showing net income was $2,153,112,819 and the tax liability $286,-
034,355.
Separate tabulations for fiscal year returns (not ending December)
and for fractional (part) year returns, shown on pages 36 and 37,
make it possible to segregate data for calendar year accounting
periods and for other accounting periods. In addition, separate
tabulations of data from consolidated returns are showm on pages 34
and 35, from wliich the significance of this form of return can be
appraised. Consolidated returns represent the composite returns
of affiliated corporations filing under the provisions of the income
tax law, which authorize such groups of corporations to submit a
consolidated income-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.'
22
STATISTICS OF INCOME
Basic table 12, pages 134 and 135, shows the returns distributed by
States and Territories and likewise by those with net income, no net
income, and no income data (inactive corporations).
In analyzing the data compiled from returns classified under "Fi-
nance—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 under paragraphs
(2) and (4), subsection (a), section 203, Revenue Act of 1932, aggre-
gating $669,630,405. In basic table 13, pages 136 to 157, the special
deductions for life insurance companies are included in "Miscellaneous
deductions" under "Statutory deductions."
More detailed data by subgroups are shown in basic table 14,
pages 148 to 153. Attention is called to the fact that the number of
returns under serial number 74, basic table 14, "Domestic service,
laundries, hotels, restaurants, etc.," show an increase of 5,312 returns
for 1932 over 1931. This was in large part due to classifying in this
industrial group concerns giving their business as operating apart-
ments or office buildings, which previously were classified under
serial number 86, "Finance — -real estate and realty holding companies,
realty development, holding, or leasing, realty trusts, etc.
Corporation returns for 1932 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 percent-
ages; also number and percent of returns of inactive corporations '
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 in-
dustries
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
Total
number
of returns
10, 977
17, 218
14, 968
382
14, 637
2,331
544
6,707
2,097
12, 100
7,443
4,268
18, 877
7,495
91,849
19, 046
24, 038
135, 977
47, 568
143, 805
18, 158
508, 636
Returns showing net income
Number
1,153
2,868
3,629
114
2,467
468
96
541
473
2,155
1,741
424
1,917
960
14, 985
2,115
6,700
20, 951
7,140
26, 395
339
82, 646
Percent
of total
10.51
16.66
24.25
29.84
16.85
20.08
17.65
8.07
22.56
17.81
23.39
9.93
10.16
12.81
16.32
11.10
27.87
15.41
18.36
1.87
16.25
Gross income 2
$133, 033, 683
537, 578, 129
4, 430, 703, 903
978, 533, 124
1,211,515,638
371, 437, 669
127, 581, 295
95, 829, 316
291, 718, 829
888, 483, 674
2, 761, 691, 407
184, 622, 023
1, 031, 353, 465
323, 321, 716
12, 696, 792, 059
468, 669, 556
4, 851, 474, 194
9, 329, 422, 300
910, 255, 138
2, 778, 019, 285
2, 718, 951
31, 707, 963, 295
Deductions 2
$127, 054, 515
474, 903, 540
4, 231, 316, 554
840, 134, 571
1, 170, 463, 903
352, 750, 328
124, 802, 494
90, 558, 365
275,118,386
829, 679, 328
2, 593, 913, 875
171,352,362
960, 255, 649
298, 944, 855
11, 939, 290, 670
437, 979, 012
4, 143, 306, 282
9, 094, 748, 798
845, 862, 954
3 2, 490, 027, 019
1, 677, 686
29, 554, 850, 476
' For general explanations, see pp. 1-5.
2 Gross income and deductions correspond to total income and total deductions (items 13 and 25, respec-
tively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5.
respectively, on face of return).
3 Includes special nonexpense deductions of life insurance companies. (See p. 22.)
STATISTICS OF INCOME
23
Corporation returns for 1932 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 percent-
ages; also number and percent of returns of inactive corporations^ — Continued
Industrial groups
Returns showing net income — Continued
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
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 in-
dustries
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
$5, 979, 168
62, 674, 589
$1, 058, 985
8, 655, 040
$674, 870
7, 444, 792
199, 387, 349
138, 398, 553
41,051,735
18. 687, 341
2, 778, 801
5, 270, 951
16, 600, 443
58, 804, 346
167, 777, 532
13, 269, 661
71, 097, 816
24, 376, 861
16, 433, Oil
39, 031
2, 913, 196
666, 571
583, 670
394, 660
462, 354
2, 293, 538
5, 456, 727
418, 389
2, 174, 965
807, 805
25, 201, 268
19, 061, 452
5, 047, 471
2, 404, 049
300, 694
665, 607
2, 236, 932
7, 794, 735
22, 644, 455
1, 760, 381
9, 558, 396
3, 273, 431
757, 501, 389
32, 643, 917
99, 948, 871
30, 690, 544
708, 167, 912
234, 673, 502
64, 392, 184
287, 992, 266
1, 041, 265
4, 073, 275
5, 638, 469
12, 106, 539
3, 791, 363
20, 453, 245
56, 165
3, 638, 552
98, 118, 143
30,644,112
8, 854, 072
36, 575, 894
135, 049
2, 153, 112, 819
88, 476, 998
286, 034, 355
11.29
11.88
12.64
13.77
12.30
12.87
10.82
12.63
13.48
13.26
13.50
13.27
13.44
13.43
13.19
11.86
13.86
13.06
12.70
12.96
13.28
0.24
2.60
8.81
6.66
1.76
.84
.11
.23
.78
2.73
7.92
.62
3.34
1.14
34.94
1.27
34.30
10.71
3.10
12.79
.05
100.00
'For general explanation, see pp. 1-5
24
STATISTICS OF INCOME
Corporation returns for 1932 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 precent-
ages; also number and percent of returns of inactive corporations ' — Continued
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
8,615
9,178
78.48
63.30
$235, 119, 538
1, 127, 296, 762
$330, 081, 264
1,414,338,804
$94, 961, 726
287,042,042
1,209
5,172
11.01
Mining and quarrying. ..-
30.04
Manufacturing:
Food products, in-
cluding beverages-
Tobacco products
Textiles and their
10, 653
256
11, 872
1,816
426
5,929
1,582
9,510
5,315
3,685
16, 191
5,696
71.17
67.02
81.11
77.90
78.31
88.40
75. 44
78.69
71.41
86.34
85.77
76.00
2, 85S, 953, 289
61, 188, 010
2, 672, 436, 135
469, 592, 935
507, 934, 601
758, 131, 256
717, 677, 616
900, 272, 673
3, 696, 098, 847
485, 793, 949
5, 475, 380, 287
676, 231, 502
3, 066, 164, 415
66, 338, 642
3, 004, 685, 046
531, 390, 129
549, 452, 015
970, 520, 653
798, 750, 518
996, 443, 004
3, 919, 364, 632
595, 891, 967
6, 529, 946, 343
814, 598, 926
207, 211, 126
6, 150, 632
332, 248, 911
61, 797, 194
41, 517, 414
212, 389, 397
81, 072, 902
96, 170, 331
223, 265, 785
110, 098, 018
1,054,566,056
138,367,424
686
12
298
47
22
237
42
436
387
159
769
839
4.58
3.14
2.04
Leather and its manu-
2.02
Rubber products
Forest products
Paper, pulp, and
4.04
3.53
2.00
Printing, publishing,
and allied indus-
3.60
Chemicals and allied
6.20
Stone, clay, and glass
3.73
Metal and its prod-
4.07
Manufacturing not
elsewhere classified.
11.19
Total man ufac-
72, 931
79.40
19, 279, 691, 100
21, 843, 546, 290
2, 563, 855, 190
3,933
4.28
15, 204
14, 981
111, 363
36, 142
98, 725
2,099
79.83
62.32
81.90
75.98
68.65
11.56
969, 245, 825
6, 387, 531, 509
13, 804, 005, 301
2, 181, 585, 620
6, 378, 895, 521
12, 403, 366
1,110,306,426
7, 226, 682, 925
14, 843, 928, 974
2, 662, 066, 295
3 7, 714, 395, 344
27, 215, 972
141, 069, 601
839, 051, 416
1, 039, 923, 673
480, 480, 675
2, 335, 499, 823
14, 812, 606
1,727
2,357
3,663
4,286
18,685
15, 720
9.07
Transportation and other
9.81
Trade
2.69
Service — professional,
amusements, hotels, etc.
Finance— banking, insur-
ance, real estate, stock
and bond brokers, etc-
Nature of business not
9.01
12.99
86.57
Grand total
369, 238
72.59
49, 375, 774, 542
57, 172, 461, 294
7, 796, 686, 752
66, 752
11.16
1 For general explanations, see pp. 1-6.
2 Gross income and deductions correspond to total income and total deductions (items 13 and 26, respec-
tively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 6,
respectively, on face of return) .
5 Includes special nonexpense deductions of life insurance companies. (See p. 22.)
STATISTICS OF INCOME
25
DISTEIBUTION BY NET INCOME AND DEFICIT CLASSES (CORPORATION RETURNS)
The following table shows for corporation returns, by net income
and deficit classes, the number of returns, net income or deficit, tax,
and percentages ; also the number of returns filed for inactive cor-
porations showing no income data:
Corporation returns for 1932, 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
42, 070
10, 403
6,734
3,321
2,499
6,259
2,962
1,796
1,172
2,700
1,623
1,159
429
235
225
5.9
50.90
12.59
6.94
4.02
3.02
7.57
3.58
2.18
1.42
3.27
1.9(6
1.40
.52
.29
.27
.07
$13, 121, 089
14, 912, 477
14, 080, 598
11, 505, 577
11, 196, 103
44, 504, 963
36, 271, 214
31, 157, 758
26, 212, 733
94, 912, 533
113, 642, 596
176, 675, 539
150, 685, 617
165, 567, 152
464, 892, 154
783, 774, 716
0.60
.69
.65
.53
.52
2.07
1.69
1.45
1.22
4.41
5.28
8.21
7.00
7.69
21.59
36.40
$1, 366, 431
1, 549, 086
1, 507, 754
1,258,311
1, 254, 847
5, 137, 291
4,307,790
3, 805, 869
3, 230, 134
11, 906, 077
14, 554, 568
23, 719, 038
20, 198, 428
21, 969, 501
62,455,111
107, 814, 119
48
1-2
54
2-3
63
3-4
44
4-5.
44
5-1 Q
1 80
10-15
1 51
15-20
1 33
20-25.
1.13
25-50
4.16
50-100
5.09
100-250—
8.29
250-500.
7.06
500-1,000.-
7 68
1,000-5,000
21 83
5,000 and over
37 69
Total
82,64(6
100. 00
2, 153, 112, 819
100. 00
286, 034, 355
100. 00
Deficit classes
(Thousands of dollars)
Returns showing no net income
Returns
Number Percent
Deficit
Amount
Percent
Under 1
1-2
2-3
3-4
4-5. -
5-10
10-15
15-20.
20-25 --
25-60- —
50-100.
100-250
250-500.-
500-1,000
1,000-5,000
6,000 and over
Total. -..
Returns showing no income data— Inactive corporations-
131, 273
48, 62j6
31, 146
22, 844
16, 449
44, 854
20, 189
11, 741
7,458
16, 595
8,778
5,692
1,835
934
782
142
35.55
13.17
8.44
6.19
4.45
12.16
5.47
3.18
2.02
4.49
2.38
1.51
.50
.26
.21
.04
$45, 683, 270
70, 860, 588
76, 892, 422
79, 367, 374
73, 621, 344
318, 709, 670
246, 909, 650
203, 129, 345
166, 735, 726
579, 563, 381
608, 297, 560
851, 932, 516
636, 357, 103
650, 386, 391
544, 855, 253
643, 385, 169
0.69
.91
.99
1.02
.94
4.09
3.17
2.61
2.14
7.43
7.80
10.93
8.16
8.34
19.80
21.08
369, 238
66, 752
100.00
7, 796, 686, 752
100. 00
26
STATISTICS OF INCOME
NET LOSS FOR PRIOR YEAR (CORPORATION RETURNS)
The net loss during a given taxable year in a trade or business regu-
larly 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 (computed 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 deductions 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.
"Net loss for prior year" reported and effective as a deduction in
determining net income in the corporation returns for 1922 to 1932,
inclusive, is given below:
Year — Amount
1922 $501,780,287
1923 578,307,088
1924 219,727,166
1925 243,078,565
1926 235,851,012
1927 244,293,375
Year — Amount
1928 $301,146,176
1929 392,177,216
1930 157,880,249
1931 136,004,760
1932 88,476,998
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 1932, inclusive. These amounts
are tax credits and have not been deducted from the figures on tax
shown in the tables in this report. Attention is directed to the changed
provisions affecting this credit in section 131 of the Revenue Act of
1932.
Income and profits taxes 'paid foreign countries — Corporation returns for 1925 to 1932
Year — Amount Year-
1925 $20,139,995
1926 21,653,994
1927-- 24,236,955
1928 32,487,634
Amount
1929 $35,221,708
1930 29,138,867
1931 ' 18,975,743
1932 7,347,201
DIVIDENDS PAID (CORPORATION RRTURNS)
The amounts of cash and stock dividends paid on the capital stock
of domestic corporations other than life insurance companies, as
reported in the corporation income-tax returns for 1932, are, cash
dividends, $3,885,600,731, and stock dividends, $143,076,315. These
payments represent a reduction from 1931 of 36.8 percent for cash
dividends and of 12.5 percent for stock dividends.
STATISTICS OF INCOME
27
In basic table 12, pages 134 and 135, are shown for 1932 by States,
the dividend payments reported on returns showing net income and
no net income; in basic table 13, pages 136 to 147, are shown the divi-
dend payments for 1932 by major industrial groups and by corpora-
tions reporting net income and no net income; and in basic table 16
pages 160 to 165, the same data are shown for returns by size of total
assets. Total dividends distributed by corporations for the years
1922 to 1932, inclusive, are shown below:
Cash and stock dividends paid by corporations, other than life insurance companies,
corporation returns for 1922 to 1932
Year
Aggregate
Returns showing 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, 900, 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
1927 1
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
1932
3, 885, 600, 731
143, 076, 315
2, 320, 386, 071
89,954,717
1, 565, 214, 660
53, 121, 598
' Revised figures.
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 451,884 returns of
active corporations, classified by corporations submitting and not
submitting balance sheets. Similar statistics for all active corpora-
tions without segregation as to corporations submitting and not sub-
mitting balance sheets by major industrial groups and by returns
showing net income and no net income, is presented in basic table
13, pages 136 to 147. In connection with these figures attention is
directed to the revision in form 1120, items 2 to 6, for reporting gross
sales and gross receipts from other operations. (See form 1120,
p. 226.)
Compiled receipts consist of reported taxable income [gross sales,
gross receipts from other operations, 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 of major importance (dividends received
on capital stock of domestic corporations 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 deple-
tion, loss from the sale of capital assets (real estate, stocks, bonds,
etc.), and items not classified 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. 226). Salaries and wages which may be
allocable to item 2 (c) but which were reported elsewhere on the
return were tabulated as "Miscellaneous deductions."
28
STATISTICS or INCOME
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 com-
piled 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 re-
turns 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 15, pages 154 to 159, and table 16, pages 160 to 165.
In using data by industrial classes, the peculiarities with respect
to income tax returns which prevent a pure industrial classification,
as outlined on page 4, should be borne in mind.
Corporation returns for 1932 showing number of returns, compiled receipts and stat-
utory deductions, net deficit, statutory net income less deficit, tax, and dividends
paid, by corporations submitting and not submitting balance sheets
All returns
Total
Corporations
submitting bal-
lance sheets
Corporations
not submit-
ting balance
sheets
Number of returns
Receipts, taxable income:
Gross sales '
Gross receipts from other operations 2..
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
Excess of statutory net deficit over statutory net income
Net loss for prior year
Income tax
Compiled net deficit plus income tax.
Cash dividends paid
Stock dividends paid
451, 884
392, 021
59, 863
$53, 099, 400, 766
19, 778, 546, 695
3, 490, 813, 250
1,925,917,551
142, 455, 161
1, 386, 622, 901
1,259,981,513
554, 249, 951
$52, 390, 678, 941
18, 835, 252, 094
3, 418, 134, 408
1, 813, 018, 955
136, 293, 193
1, 355, 784, 330
1, 206, 694, 673
544, 695, 191
$708, 721, 825
943, 294, 601
72, 678, 842
112, 898, 596
6, 161, 968
30,838,571
53, 286, 840
9, 554, 760
81, 637, 987, 788
79, 700, 551, 785
1,937,436,003
41, 297,
2, 132,
4, 043,
2, 087,
1,313,
3, 693,
246,
1, 705,
28, 948,
311,345
596, 511
086, 994
337, 233
305, 713
122, 516
543, 614
174, 639
851, 692
40, 709,
2, 063,
3, 906,
2,011,
1, 284,
3, 623,
242,
1, 538,
27, 831,
225, 438
707, 540
279, 064
830, 957
623, 905
714, 706
296, 383
077, 780
525, 238
588, 085, 907
68, 888, 971
136, 807, 930
75, 506, 276
28,681,808
69, 407, 810
4, 247, 231
167, 096, 859
1,117,326,454
85, 467, 330, 257
83,211,281,011
2, 256, 049, 246
3, 829, 342, 469
5, 643, 573, 933
88, 476, 998
286, 034, 355
4,116,376,824
3,885,600,731
143, 076, 315
3, 510, 729, 226
5,262,119,090
84, 738, 693
282, 059, 479
3, 792, 788, 705
3, 853, 942, 910
142, 422, 028
318, 613, 243
381, 454, 843
3, 738, 305
3, 974, 876
322,588,119
31, 657, 821
654, 287
' Gross sales where inventories are an income-determining factor. For "cost of goods sold", see Statutory
deductions.
' Gross receipts from operations where inventories are not an income-determining factor. Costs are
Included under " Miscellaneous deductions."
3 Includes obligations of States and Territories or minor political subdivisions, securities issued under
the Federal Farm Loan Act, and obligations of the United States or its possessions.
* 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.
STATISTICS OF INCOME 29
ASSETS AND LIABILITIES (CORPORATION RETURNS)
In the table on page 30 is shown for 392,021 corporation returns
out of 451,884 returns of active corporations, a summary statement
of the principal assets and liabilities as of December 31, 1932, 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. The difference between the
number of balance sheets tabulated and the number of returns repre-
sents returns of active corporations that did not submit balance
sheets or for which data were of fragmentary nature. In basic
table 15, pages 154 to 159, the same data are shown by major industrial
groups. This table also includes items of compiled receipts and
statutory deductions for active corporations which submitted balance
sheets. For descriptive statement of compiled receipts and statutory
deductions, see page 27.
In using data by industrial groups the peculiarities with respect to
income-tax returns which prevent a pure industrial classification, as
outlined on page 4, should be borne in mind.
The following changes in classification of data affect the compara-
bility 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 with 1930 as "Investments other than tax-exempt."
Moreover, the returns of corporations becomiC more complete each
year with respect to the definite allocation of their forms of asset's,
thus steadily decreasing the proportion tabulated as "Miscellaneous
assets not distributed" as well as causing certain shifts as between
the principal forms of assets and liabilities. Shifts have been noted
between years particularly under "LiabiHties" in the amounts
reported as "Common stock" and "Preferred stock" due to varia-
tions in reporting these data. For balance sheets in which common
and preferred stock are not reported separately, the combined am.ount
is tabulated as "Common stock." For balance sheets with no par
stock and not reporting capital stock value, the net worth is tabulated
under "Surplus and undivided profits."
Items not otherwise distributed are classified as "Miscellaneous
assets" and "Miscellaneous liabilities," among which are the
following:
Miscellaneous assess. — Copyrights; formulas; good will; 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 contracts,
meters, and leaseholds; cash value of life insurance. Miscellaneous
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. — AW reserves other than surplus and re-
serves for depletion, depreciation, and bad debts; deferred and suspense
items; funds held in trust; borrowed securities; discount and dividends
payable; outstanding coupons and certificates; overdrafts. Miscel-
30
STATISTICS OF INCOME
laneous liabilities of life insurance companies include the net value of
outstanding policies and securities and borrowed money. Miscella-
neous liabilities of banks include deposits (time, saving, demand, etc.),
and bank notes in circulation.
Assets and liabilities of corporations submitting balance sheets for 1932, by returns
with net income and no net income, showing major items of assets and liabilities
as of Dec. 31, 1932, or at the close of the fiscal year nearest thereto
Assets and liabilities
Aggregate
Returns show-
ing net income
Returns show-
ing no net
income
Assets:
Cash (in till and deposits in banks)
Notes receivable and accounts receivable (less re-
serve for bad debts)
Inventory
Tax-exempt investments — obligations of States and
Territories or political subdivisions; securities
issued under the Federal Farm Loan Act and
obligations of the United States or its possessions.
Investments other than tax-exempt^stocks, bonds,
mortgages, loans, real estate, etc
Capital assets— real estate, buildings, equipment,
etc. (less depreciation)
Miscellaneous assets not distributed
Total assets - -
Liabilities:
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities not distributed
Capital stock:
Preferred ---
Common..
Total capital stock
Surplus and undivided profits
Less deficit
Net surplus
Total liabilities
$15, 917, 201, 936
39, 563, 538, 425
12, 372, 459, 026
11, 916, 863, 928
75, 630, 257, 202
108, 553, 151, 097
16, 129, 451, 247
$4,041,561,437
8, 407, 493, 435
3, 594, 497, 675
3,584,561,414
26, 834, 365, 507
32, 903, 113, 590
4, 706, 988, 526
$11, 875, 640, 499
31, 156, 044, 990
8, 777, 961, 351
8, 332, 302, 514
48, 795, 891, 695
75, 650, 037, 507
11,422,462,721
280, 082, 922, 861
84, 072, 581, 584
196, 010, 341, 277
20, 562,
47, 310,
78, 641,
19, 075,
78,413,
272, 097
414, 114
719, 130
893, 307
099, 209
4, 626,
11, 183,
25, 256,
5, 652,
23, 259,
078, 558
953, 677
592, 044
463, 225
439, 167
15, 936,
36, 126,
53, 385,
13, 423,
55, 153,
193, 539
460, 437
127, 086
430, 082
660, 042
97, 488, 992, 516
28, 911, 902, 392
3, 577, 090, 124
45, 663,
9,584,
746, 274
221, 270
14, 638,
544,
235, 421
180, 508
31, 025,
9, 040,
510, 853
040, 762
36, 079, 525, 004
14, 094, 054, 913
21, 985, 470, 091
280, 082, 922, 861
84, 072, 581, 584
196, 010, 341, 277
Number of corporation returns filed for 1932 and number of balance sheets tabulated
by net income and deficit classes
Net income and deficit classes
(Thousands of dollars)
Under 1
1-2
2-3
3-4
4-5
5-10
10-15
15-20....
20-25..
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
5,000 and over.
Total
Returns with no income data-
inactive corporations
Returns showing net income
Number
of returns
42, 070
10, 403
5,734
3,321
2,499
6,259
2,962
1,796
1,172
2,700
1,623
1,159
429
235
225
59
82,646
Number
of balance
sheets
34,919
9,498
5,342
3,125
2,364
6,028
2,873
1,744
1,138
2,628
1,576
1,130
417
230
220
59
73, 291
Percent of
balance
sheets to
returns
83.00
91.30
93.16
94.10
94.60
96.31
97.00
97.10
97.10
97.33
97.10
97.50
97.20
97.87
97.78
100.00
Returns showing no net income
Number
of returns
131, 273
48, 626
31, 146
22, 844
16,449
44, 854
20, 189
11,741
7,458
16, 595
8,778
5,592
1,835
934
782
142
369, 238
66, 752
Number
of balance
sheets
101, 883
41,715
27, 688
20, 658
15, 028
41,755
19, 055
11, 124
7,071
15, 725
8,270
5,281
1,723
872
743
139
318, 730
Percent of
balance
sheets to
returns
77.61
85.79
88.90
90.43
91.36
93.09
94.38
94.74
94.81
94.76
94.21
94.44
93.90
93.36
95.01
97.89
86.32
STATISTICS OF INCOME 31
ASSETS, AND LIABILITIES, COMPILED RECEIPTS, AND STATUTORY DEDUC-
TIONS BY SIZE OF TOTAL ASSETS (CORPORATION RETURNS)
The following table summarizes certain major items of identical
corporations, by total assets classes, including number of returns,
total assets, total compiled receipts, compiled net profit or deficit
for all returns, and for returns with net income and no net income.
These data are compiled from 392,021 returns filed by corporations
that submitted balance sheets. The difference between this number
and 451,884 of active corporations represents returns of active cor-
porations that did not submit balance sheets, or for which balance
sheet data were of a fragmentary nature. In connection with the
classification of corporation data by size of total assets, attention is
directed to the fact that the balance sheet form "Schedule K" of the
corporation income-tax return (reprinted on p. 227) 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.
In basic table 16, pages 160 to 165, are shown in greater detail the
principal assets and liabilities as of December 31, 1932, or at the
close of the fiscal year nearest thereto, and the principal items of
compiled receipts and statutory deductions. In basic table 17,
pages 166 to 182, are shown by major industrial groups and total
assets classes selected items of assets and liabilities as of December
31, 1932, 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 a descriptive statement of assets and
liabilities see pages 29 and 31, and of compiled receipts and statutory
deductions, see page 27.
32
STATISTICS OF INCOME
Returns of corporations submitting balance sheets for 1932 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 re-
turns
Total assets-
total liabilities
Total com-
piled receipts '
Compiled net
profit or
deficit 2
Statutory net
income or
deficit
All returns
Under 50
50-100
100-250-
250-500...
500-1,000-.
1,000-5,000
5,000-10,000
10,000-50,000....
60,000 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-.-.
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...
206, 477
58, 320
59, 500
28. 422
17, 590
16, 705
2,442
1,947
618
392, 021
$3, 869, 795, 939
4, 153, 154, 203
9,414,271,244
9, 988, 082, 410
12, 288, 836, 567
34, 432, 067, 998
16, 857, 002, 769
39, 839, 093, 926
149, 240, 617, 805
280, 082, 922, 861
$6, 340,
4, 100,
6, 561,
5, 297,
5, 087,
10, 744,
4, 626,
9, 905,
27, 037,
344, 755
681, 584
376, 434
107, 462
559, 898
135, 226
545, 196
390, 730
410, 500
79, 700, 551, 785
3 $608, 678, 729
3 312, 322, 231
3 484, 010, 230
3 378, 592, 977
3 394, 540, 357
3 834, 141, 547
3 335, 150, 479
3 494, 891, 069
331, 598, 393
3 3, 510, 729, 226
3 $612, 267, 955
3 317, 770, 038
3 501, 986, 965
3 405, 663, 072
3 442, 750, 388
3 1,035,626,236
3 452, 799, 727
3 781, 627, 445
3 711, 627, 264
3 5,262,119,090
Returns showing net income
33,512
11, 726
12, 610
6,344
3,963
3,775
625
535
201
73, 291
841,
2, 002,
2, 236,
2, 771,
7, 909,
4, 346,
11, 516,
51,761,
689, 227
519, 098
912, 087
156, 662
518, 719
929, 858
144, 157
173, 473
538, 303
84, 072, 581, 584
$1, 379,
1, 144,
2, 110,
1, 940,
2, 036,
4, 033,
2, 070,
4, 213,
12, 491,
234, 088
396, 909
596, 434
425, 577
968, 349
810, 257
315,593
987, 096
610, 086
31, 421, 344, 389
$44, 216, 108
40, 348, 631
89, 008, 899
100, 723, 253
121, 541, 775
314, 536, 414
188, 417, 849
440, 257, 843
1, 357, 687, 448
2, 696, 738, 220
$43, 463, 770
39, 224, 354
84, 733, 793
94, 313, 303
110,138,942
269, 281, 603
156, 132, 997
354, 142, 780
967, 655, 773
2,119,387,315
Returns showing no net income
172, 965
46, 594
46, 890
22, 078
13, 627
12, 930
1,817
1,412
417
318, 730
$3, 183,
3,311,
7,411,
7, 751,
9, 517,
26, 522,
12, 510,
28, 322,
97, 479,
106, 712
635, 105
359, 157
925, 748
317, 848
138, 140
858,612
920, 453
079, 502
196, 010, 341, 277
$4, 961,
2, 956,
4, 450,
3, 356,
3, 050,
6, 710,
2, 556,
5,691,
14, 545,
110, 667
284, 675
780, 000
681, 885
591, 549
324, 969
229, 603
403, 634
800, 414
48, 279, 207, 396
3 $652,
3 352,
3 573,
3 479,
3 516,
3 1, 148,
3 523,
3935,
3 1, 026,
894, 837
670, 862
019, 129
316, 230
082, 132
677, 961
568, 328
148,912
089, 055
3 6, 207, 467, 446
3 $655,
3 356,
3586,
3499,
3552,
3 1, 304,
3 609,
3 1, 135,
3 1, 679,
731, 725
994, 392
720, 758
976, 375
889, 330
907, 839
232, 724
770, 225
283, 037
3 7, 381, 506, 105
1 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.
2 Compiled net profit or deficit is total compiled receipts, less statutory deductions.
3 Deficit.
STATISTICS OF INCOME 33
CONSOLIDATED RETURNS (CORPORATION RETURNS)
There were 7,426 consolidated income-tax returns filed for 1932 for
affiliated corporations, as against 8,495 for 1931. As provided by
section 141 (a) and (d). Revenue Acts of 1928 and 1932, applicable
to the taxable year 1932 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 corpora-
tion, at least 95 percent of the stock of each of the corporations
(except the common parent) being owned directly by one or more of
the other corporations, and the common-parent corporation owning
directly at least 95 percent of the stock of at least one of the other
corporations. Of the consolidated returns for 1932, 1,272 showed net
income aggregating $502,380,939. The number of consolidated re-
turns filed was about 1.5 percent of all corporation returns. However,
the net income reported in consolidated returns was 23.3 percent of
the net income of all returns showing net income, and the tax 23.5
percent of the total tax for all corporations. Attention is directed
to the fact that the Revenue Act of 1932 applied an additional rate
of three-fourths of 1 percent to the income reported in consolidated
returns for 1932, making the rate 14K percent.
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 affiliated corporations for which the consolidated return is filed.
If it were possible to segregate the income of the subsidiary or affil-
iated concerns, the data for such concerns might fall in industrial
divisions other than the ones in which they are here included. Atten-
tion 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 1932 by major industrial groups, showing total
number of returns, number with net income and no net income, gross income, net
income or deficit, net loss for prior year, and income tax i
Industrial groups
Total
num-
ber
of re-
turns
Returns showing net income
Num-
ber
Gross
income ^
Net income
Net loss
for prior
year
Income
tax
Agriculture and related industries..
Mining and quarrying
Manufacturing:
Food products, including bev-
erages— - --.
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 and holding companies,
stock and bond brokers, etc
Nature of business not given.
Grand total
103
425
$76, 084, 161
233, 604, 570
$1, 516, 907
11,036,655
$24, 932
5, 437, 557
$215, 889
811, 257
352
15
300
69
37
206
84
224
308
100
661
186
100
4
37
15
8
10
12
2, 494, 652, 623
69, 566, 895
117,498,790
66, 168, 243
101, 379, 636
4, 981, 633
33, 424, 596
297, 427, 125
1, 762, 613, 804
8, 378, 296
374, 810, 379
129, 379, 489
61, 713, 105
4, 378, 489
3, 727, 650
2, 533, 591
1, 254, 716
170, 438
858, 958
7, 730, 404
62,780,114
165, 293
19, 163, 136
10, 849, 944
13, 950, 119
120, 069
6,813
514, 861
41, 054
708
900, 734
4, 437, 008
1,085
216, 886
7,445
6, 862, 622
634, 881
414, 229
311, 341
101, 531
18, 760
124, 249
984, 514
8, 420, 720
23, 809
2, 740, 638
1, 544, 551
2,542
430
5,460,281,509
175, 325, 838
20, 196, 782
22, 181 345
176
637
1,278
551
1,707
7
30
148
233
105
249
41, 935, 494
2, 571, 984, 216
2,239,291,580
212, 735, 504
212, 959, 654
2, 237, 545
231, 419, 498
55, 742, 345
11,696,371
13, 405, 75
1, 298, 633
2, 719, 871
2, 039, 627
412, 455
2, 873, 201
136, 464
33, 160, 566
7, 750, 262
1, 561, 608
1, 517, 154
7,426
1,272
11, 048, 876, 688
502, 380, 939
35, 003, 058
67, 335, 045
Industrial groups
Returns showing no net income
Number Gross income ^ 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
brokers, etc
Nature of business not given...
Grand total
362
$38, 338, 055
700, 927. 072
$12, 004, 348
150, 649, 693
252
11
263
54
29
196
72
156
227
96
597
159
1,417,
29,
502,
135,
424,
218,
308.
208,
3, 182,
204,
3, 393,
237.
164, 324
025, 944
217, 013
425, 322
994, 734
437, 325
790. 114
476. 862
300. 023
802. 283
709. 446
710. 739
88. 287, 346
2, 809, 025
87, 118, 280
18, 622. 093
31, 847. 609
58, 387. 787
33. 329, 952
16, 812, 014
168, 751, 609
28, 953, 016
522, 402, 191
56, 439, 341
2,112
10, 263, 054, 129
1, 113, 760, 163
146
489
1,046
446
1,468
7
181, 762, 983
5.171,918,823
2, 740, 782, 405
649, 193, 309
1, 340, 466, 428
15.417
24, 390, 533
652, 703, 272
180, 795, 438
172, 410, 500
528, 317. 303
152, 376
6,154
21, 086. 458, 621
2, 835, 183, 626
' For general explanations, see p. 1-5.
2 Gross income and deductions correspond to total income and total deductions (items 13 and 25, respec-
tively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 6,
respectively, on face of return).
STATISTICS OF INCOME
35
Consolidated corporation returns for 1932 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
Returns showing no
net income
Number
Deficit
Under 1
1-2
2-3
3-4.
4-5
5-10
10—15
15-20
20-25-
25-50 -.
50-100
100-250
250-500
500-1,000
1,000-5,000--.
5,000 and over
Total...
153
86
56
47
39
133
72
77
46
145
111
116
69
44
59
19
1,
1,
5,
7,
18,
24,
30,
125,
285,
$60, 871
128,927
134, 809
159, 654
173, 982
983, 375
882, 072
347, 925
017, 602
197, 717
953, 381
143, 895
495, 159
598, 440
531,050
572, 080
$5, 642
11,236
14, 057
15,297
17, 433
96, 656
85, 590
157, 196
120. 433
549, 232
957, 208
287, 714
158, 379
977, 120
559, 322
322, 530
325
185
148
138
109
460
373
278
229
738
783
942
538
383
421
104
$137, 974
273,065
365, 362
482, 109
490, 951
3,319,111
4, 609, 172
4, 821, 708
5, 130, 888
26, 818, 201
56, 256, 538
149, 216, 334
189, 755, 695
269, 403, 480
874, 696, 010
1, 249, 408, 128
1,272
502, 380, 939
67,335,045
6,154
2, 835, 183, 626
Consolidated corporation returns for 1932, by number of subsidiaries, showing
number of consolidated returns and total number of subsidiaries
Number of
subsidiaries
per return
Num-
ber of
con-
soli-
dated
returns
Total
number
of sub-
sidiaries
Number of
subsidiaries
per return
Num-
ber of
con-
soli-
dated
returns
Total
number
of sub-
sidiaries
Number of
subsidiaries
per return
Num-
ber of
con-
soli-
dated
returns
Total
number
of sub-
sidiaries
1
3,936
1,266
627
356
238
137
126
87
81
59
42
52
35
35
28
15
28
24
16
8
16
5
11
11
7
3
9
8
6
8
8
4
3
5
3,936
2,532
1,881
1,424
1,190
822
882
696
729
590
462
624
455
490
420
240
476
432
304
160
336
110
253
264
175
78
243
224
174
240
248
128
99
170
36
6
3
5
4
5
1
2
2
4
3
2
2
1
3
4
4
1
1
2
1
2
2
1
2
3
1
1
1
1
1
1
2
2
1
216
HI
190
156
200
41
84
86
176
135
92
94
48
147
200
204
53
54
112
57
116
118
60
122
189
65
67
68
69
70
71
148
150
78
80 .
1
21
80
2
37
82
82
3
38 :
85
170
4
39
86
86
5
40
87
87
6
41 ...
89
89
7
42
93
93
8
43
95
95
9
44.
98
98
10..
45
103
103
11
46
105
105
12
47
107
107
13
48
108
108
14
49
113
226
15...
50
116
116
16
51
119
119
17
53
130
130
18...
54
134
134
19
56
140
140
20
57
196 .
196
21
58
200
200
22
59 .. .
212
212
23
60
254
254
24
61
257
257
25
63
266
266
26
65
282 .
282
27
67
Number of sub-
sidiaries not
reported —es-
timated aver-
28
68
29
69
30
70
31-.
71
63
32
74
Total
33..
75
7,426
29, 232
34
78
36
STATISTICS OF INCOME
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.
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 1932 showing by month ending the fiscal year, the
total number of returns, number with net income and no net income, amount of net
income or deficit, net loss for prior year, and income tax
Total
number
of
returns
Returns showing net income
Returns showing no net
income
Fiscal year ended—
Number
Net income
Net loss
for prior
year
Income tax
Number
Deficit
July 1932
4,053
4,071
4,688
4,323
4,167
6,441
4,090
5,471
5,283
5,612
11, 260
919
953
985
913
779
832
659
1,032
1,024
1,357
2,900
$9, 887, 280
21, 865, 874
17, 093, 774
26, 583, 002
18, 394, 706
19, 606, 115
44, 436, 693
14, 753, 666
13, 639, 922
22,572,996
60, 003, 153
$943, 937
717, 058
844, 490
14, 420, 599
1, 143, 148
325, 392
236, 470
333, 934
312,917
793, 838
291, 217
$1, 103, 361
2, 787, 002
2, 134, 932
1, 633, 547
2, 343, 534
2, 622, 086
6, 164, 344
1, 923, 043
1, 738, 873
2, 897, 777
7, 805, 849
3,134
3,118
3,703
3,410
3,388
5,609
3,431
4,439
4,259
4,255
8,360
$55, 279, 845
August 1932,
66, 037, 756
September 1932
October 1932
121,271,777
116, 143, 273
November 1932
January 1933
February 1933
March 1933
120, 526, 047
161, 644, 114
52, 143, 006
74, 217, 087
April 1933
67, 949, 545
May 1933 — .
62,929,717
June 1933
164, 901, 303
Total
59, 459
12, 353
268,837,181
20, 363, 000
33, 154, 348
47, 106
1, 063, 043, 470
Corporation fiscal year returns for 1932, 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
5,381
1,649
1,004
561
439
1,095
532
331
211
509
311
203
67
32
21
7
$1, 872, 261
2, 375, 086
2, 471, 866
1,947,285
1,960,732
7, 774, 594
6, 506, 881
5, 756, 467
4, 715, 880
18,091,853
22, 072, 955
30, 397, 229
24, 003, 524
21, 045, 200
42, 777, 169
75, 068, 199
$184, 713
241, 039
240, 715
203, 386
212, 635
889, 114
761, 149
681, 767
601, 590
2, 218, 130
2, 743, 540
3,918,748
3, 055, 060
2, 705, 163
5, 705, 178
8, 792, 421
14, 118
6,076
3,907
2,981
2,143
6,146
2,970
1,837
1,148
2,695
1,555
964
300
154
101
11
$5, 341, 796
1-2
8, 839, 106
2-3
9, 636, 252
3-4
10,350,414
4-5
9, 589, 659
5-10
43, 984, 536
10-15
36, 446, 405
15-20
31,860,040
20-25
25, 653, 822
25-50
94, 772, 023
60-100
107, 750, 479
100-250
147, 740, 326
250-500
102, 825, 008
500-1,000
107, 897, 414
1,000-5,000
190, 861, 506
6,000 and over
129,494,684
Total
12, 353
268, 837, 181
33, 154, 348
47, 106
1, 063, 043, 470
STATISTICS OF INCOME 37
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 tliis report represent those in which the greater
part of the income period was in 1932.
Corporation part year returns for 19S2
Total number of returns 31, 647
Returns showing net income:
Number 4, 744
Net income $19, 179, 933
Net loss for prior year $1, 128, 547
Income tax $2, 334, 407
Returns showing no net income:
Number 26, 903
Deficit $244, 807, 521
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 in-
dividual 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 cor-
poration returns by net mcome and deficit classes for the years 1928
to 1932 and for corporations submitting balance sheets the major
items of assets and liabilities for the years 1926 to 1932 is shown in
the following tables.
Individual returns by States and Territories for the years 1922 to
1932, showing number, net income, and tax, are tabulated as a section
of table 9, pages 81 to 130.
Corporation returns distributed by States and Territories for the
years 1923 to 1932 for corporations reporting net income and no net
income, by number, net income, deficit, and tax; also number of
returns for inactive corporations are shown in basic table 19, pages
188 to 197. Similar data and gross income are shown by major
industrial groups for the years 1923 to 1932 in table 18, pages 183 to 187.
38
STATISTICS OF INCOME
Individual returns for 1913 to 1932,^ 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, 877, 430
3 900,000
1914
4, 000, 000
1915
4, 600, 000
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
1, 936, 095
74, 066
765, 656
1, 032. 251
1, 101, 579
1, 741, 634
3, 072, 191
3, 106, 232
3, 428, 200
2, 880, 090
1, 669, 885
1, 667, 102
1, 660, 606
1, 547, 788
1, 586, 278
1, 669, 864
1, 700, 378
1, 941, 335
83
78
77
79
76
54
64
55
61
60
60
59
61
61
55
47
50
17
22
23
21
24
46
46
45
39
40
40
41
39
39
45
53
50
6, 298, 578
13, 652, 383
15, 924, 639
1917
1918
1919 -
19, 859, 491
1920
23, 735, 629
19, 577, 213
1921 _
1922
21, 336, 213
1923 -
24, 777, 466
1924
25, 656, 153
1925 -.- _
21, 894, 576
1926 --. --
21, 958, 506
1927
22 545 091
1928
25, 226, 327
1929
24, 800, 736
1930 - _
18, 118, 635
1931
13, 604, 996
1932
11,655,757
Tax before tax credits
Tax credits
Year
Normal
tax
Surtax
Tax on
capital
net gain,
12!-^ 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
156, 606
15, 525
24, 487
43, 948
121, 946
433, 346
651, 289
801, 525
596, 804
411,327
474, 581
464, 918
437, 541
432, 853
448, 330
511.731
688, 825
582, 393
316,816
186, 078
239, 232
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
401, 877
28, 254
1914.
41, 046
1915
67,944
1916
173, 387
1917
2 795, 381
1918
1, 127, 722
1919_
1, 269, 630
1920
1, 075, 054
1921
719, 387
1922
31,066
38, 916
48, 603
117,571
112,510
134, 034
233, 451
284, 654
65, 422
19, 423
6, 039
861,057
1923
3 220, 555
39, 673
32, 229
28, 969
30, 943
39, 916
27, 441
34, 998
41, 676
71,915
661. 666
1924
1925
1926
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
71,915
704, 265
734, 555
732, 471
1927
1928
1929
1930
1931
1932
830, 639
1, 164, 254
1,001.938
476, 715
246, 127
329, 962
' Changes in the revenue acts affectin? the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. 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.
sjlncludes war excess-profits ta.x'es 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.
STATISTICS OF INCOME
39
Number of individual returns for 191 Ji- to 1932, by net income classes ^
Net income classes (thousands
of dollars) •
1914
1915
1916
1917
1918
1919
1920
12
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
i, 924, 872
1, 569, 741
1, 180, 488
438, 851
162,485
37, 477
13,320
2,983
1,864
425
189
65
2, 671, 950
2-3
2, 569, 316
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
1,337,116
5-10
455, 442
10-25 -
171, 830
25-50 ---
38, 548
50-100 ---
12,093
100-150 -
2,191
150-300
1,063
300-500 -
239
500-1 000
125
33.
Total
357, 515
336, 652
2 429, 401
3, 472, 890
4, 425, 114 ! 5, 332, 760
7, 259, 94*
sands of dollars)
1921
1922
1923
1924
1925
1926
1927
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
1,071,992
842, 528
1, 327, 683
503, 652
236, 779
59, 721
20, 958
4,759
3,223
892
479
207
119,513
1, 045, 519
837, 792
1, 240, 400
560, 549
246, 730
57, 487
20, 520
4,724
3,267
892
468
231
126, 745
996, 098
2-3 -
855, 762
1, 209, 345
5-10 - --
567,700
252, 079
25-50
60, 123
22, 573
100-150 --
5,261
3,873
300-500 -
1,141
557
1,000 and over
290
Total -
6, 662, 176
6, 787, 481
7, 698, 321
7, 369, 788
4, 171, 051
4,138,092
4, 101, 547
Net income classes (thou
sands of dollars)
1928
1929
1930
1931
1932
Under 1
111, 123
918, 447
837, 781
1, 192, 613
628, 766
270, 889
68,048
27,207
7,049
5,678
1,756
983
511
126, 172
903, 082
810, 347
1,172,655
658, 039
271, 454
63, 689
24, 073
6,376
5,310
1,641
976
513
150,000
909, 155
767, 684
1, 070, 239
550, 977
198, 762
40, 845
13, 645
3,111
2,071
552
318
150
185, 391
862, 153
675, 019
912, 630
417,655
137, 754
24, 308
7,830
1,634
1,056
268
149
77
359, 688
1-2 -
1, 489, 589
967,956
3-5 - -
703, 755
5-10
251,014
10-25
79,210
25-50 - -
18, 480
50-100 ---
5,902
100-150 --
995
150-300
595
300-500
140
500-1,000
86
1,000 and over - - - - -_-
20
Total -
4, 070. 85]
4,044.327 1
5, 707, 509
3,225,924
3, 877, 43a
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. The returns for 1913 are omitted, as they pertain only to the
last 10 months of that year.
2 Excludes 7,635 returns of married women 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.
40
STATISTICS OF INCOME
Net income in individual returns for 1916 to 19S2 by net income
[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
1, 042, 320
846, 894
400, 492
474, 652
209, 905
214, 631
306, 836
2, 232, 355
3, 626, 825
3, 535, 219
2, 145, 690
1, 736, 548
978, 043
679, 721
284, 107
305, 025
144, 545
119, 076
137, 487
2, 829, 113
3, 807, 286
4, 513, 264
2,954,137
2,412,276
1, 277, 365
896, 497
358, 393
371, 149
159, 071
128, 290
152, 650
4, 050, 067
6, 184, 543
5, 039, 607
3, 068, 331
2,547,905
1, 307, 785
810, 386
265, 512
215, 139
89, 314
79,963
77, 078
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
6-10 -
2, 641, 905
10-25
2, 255, 872
25-50
1, 208, 274
50-100 ..
805,224
100-150 ...
260, 204
150-300 ...
266, 814
300-500
116, 672
500-1,000
107, 671
1,000 and over
141, 387
Total-
6, 298, 578
13, 652, 383
15, 924, 639
19, 859, 491
23, 735, 629
19, 577, 213
21, 336, 213
Net income cl
asses
1923
1924
1925
1926
1927
1928
Under 1
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
64,535
12
1, 526, 832
2-3 -
2, 030, 901
3-5 -
4, 648, 098
5-10 -
4, 282, 520
10-25 -
4, 037, 853
25-50
2, 326, 503
50-100 -
1, 857, 878
100-150
850, 451
150-300 -.
1, 157, 131
300-500
663, 900
500-1,000... - -
670, 862
1,000 and over - -
1, 108, 863
Total
24,777,466
25, 656, 153
21, 894, 576
21,958,506
22, 545, 091
25, 226, 327
^
ret income c
lasses
1929
1930
1931
1932
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, 399, 430
1, 641, 594
3, 515, 716
2, 807, 001
2, 006, 721
820, 648
528,049
196, 598
212, 059
102, 186
102, 311
166, 060
231, 140
1-2
2, 145, 834
2-3 - -
2, 437, 251
3-5 -
2, 597, 763
5-10
1, 677, 039
10-25
1, 160, 398
25-50
629, 639
60-100 -
393, 206
100-150
119, 896
150-300
118, 008
300-500
62, 469
500-1,000
67, 874
1,000 and over . _ . . . _.
35, 240
Total . . ..
24, 800, 736
18, 118, 635
13,604,996
11, 655, 757
> Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. 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 1932 by net income classes i
[Money figures and net income classes io thousands of dollars]
Net income classes
1916
1917
1918
1919
1920
1921
1922
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
1-2
16,244
9,097
18,283
44,066
80, 695
76, 593
85,028
55, 766
86, 718
50, 228
59,349
109, 425
26,482
35,415
82,929
93, 058
142, 449
130,241
24,696
28, 258
75, 915
91, 538
164,833
154, 946
36,860
45, 508
83,496
97, 886
172, 259
154, 265
163, 718
86,588
92,604
47, 043
45,641
49, 185
27,081
2-3
20, 730
3-5
776
6,301
11,637
11, 603
16, 299
12,423
24,007
17,951
20,902
51,487
47, 533
5-10
70,388
10-25
123, 576
25-50 -
125, 697
50—100
147, 429
186, 358
144, 093
100-150
95, 680
136, 156
79, 165
69,834
88,885
118, 705
163, 095
86,031
76, 228
99, 027
71,337
150-300
98, 810
300-500
43,488
500-1,000
38, 559
1,000 and over
49, 518
Total
173,387
691,493
1
, 127, 722
1, 269, 630
1, 075, 054
719,387
861, 057
Net income classes
1923
1924
1925
1926
1927
1928
1929
Under 1 -
317
18, 253
16, 606
46,048
54,075
103, 109
103, 601
108, 879
55,719
62,104
31, 669
25,498
35,788
146
10, 432
10, 207
26, 865
28, 828
78, 069
109, 360
136, 636
75, 678
92, 481
45, 771
42, 585
47, 207
69
1,704
3,809
8,326
19, 149
74, 172
120, 689
147, 843
79,472
103,059
55, 722
53, 674
66, 867
56
1,761
4,217
7,245
20, 272
72,465
112,797
140,947
77,900
103,997
55, 256
53,665
81, 893
40
1,234
3,970
6,508
20, 665
74, 226
119,475
156, 675
87, 398
123, 776
73, 750
64, 265
98, 657
60
1,550
4,317
7,475
22,896
82, 758
136, 568
194, 447
116, 855
182, 514
113, 250
116,424
185, 140
17
553
2-3
1,404
3-5
2,413
5-10
9,551
59, 893
25-50 -
113, 904
160, 814
100-150 -
99,560
150-300
159, 221
300-500
97, 336
500-1,000
106, 219
1,000 and over
191, 054
Total
661, 666
704, 265
734, 555
732, 471
830,639
1, 164, 254
1,001,938
1930
1931
1932
Under 1 - -
37
1,269
3,310
5,352
17,448
49, 561
72, 708
87, 379
48, 749
62, 463
33, 053
34, 289
61, 098
24
943
2,466
3,832
12, 407
31, 897
40,096
44,780
23,135
28, 793
15,411
15, 457
26, 886
103
1-2 - -
12,254
2-3
9,822
3-5
20, 895
5-10 -
35, 615
10-25
50, 150
2&-50 --
43, 546
50-100 -.-
47, 150
100-150 -
24,469
150-300
31,912
300-500 -
18,554
500-1 000
19,016
1,000 and over - - - - _
16, 476
Total ....
476, 715
246, 127
329, 962
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. 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.
42
STATISTICS OF INCOME
Average rate of tax on net income in individual returns for 1916 to 1932, by net
income classes '
Net income classes
1916
1917
1918
1919
1920
1921
1922
1923
1924
(Thousands of dollars)
Percent
Under 1
0.08
.81
.39
1.05
2.90
6.48
11.53
19.87
32.00
42.14
51.94
58.70
63.59
0.10
.75
.40
1.06
2.66
5.48
10.40
17.89
27.42
37.03
37.27
35.81
35.02
0.13
.49
.27
.71
2.04
4.06
7.67
13.06
19.85
23.83
25.42
26.81
23.53
0.06
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
59.42
64.87
0.91
.74
1.66
3.19
6.76
11.80
20.20
32.61
43.04
52.67
57.08
63.81
.29
2-3
.19
3-5
0.12
.61
.94
1.41
2.25
3.48
4.75
6.60
8.14
11.09
.39
6-10
.96
10-25 -
2.73
25-50
6.84
50-100
12.81
100-150
20.04
150-300 --
24.69
300-500 --
26.73
500-1,000
26.87
1,000 and over -
30.27
All returns
2.75
5.06
7.08
6.39
4.53
3.67
4.04
2.67
2.74
Net income classes
1925
1926
1927
1928
1929
1930
1931
1932
(Thousands of dollars
Percent
Under 1 -
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
5.24
9.77
12.92
14.64
15.49
15.86
15. 76
0.04
.08
.18
.13
.47
1.70
5.25
9.51
13.03
14.91
15.96
16.20
16.98
0.02
.07
.15
.11
.44
1.59
4.89
8.48
11.77
13.58
15.08
15.11
16.19
0.04
1-2
.57
2-3 -
.40
3-5 - -
.80
6-10
2.12
10-25 -
4.32
25-50 - ---
6.92
50-100 - -..
11.99
100-150 -
20.41
150-300
27.04
300-500
35.36
500-1,000 -
32.86
1,000 and over
46.75
All returns
3.35
3.33
3.68
4.62
4.04
2.63
1.81
2.83
' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. 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 fol-
lowing years.
STATISTICS OF INCOME
43
Sources of income and deductions, individual returns for 1916 to 1932
[Thousands of dollars]
Distribution
1916
19173
1918
1919
1920
1921
Income:
Wages and salaries ^
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
Partnership' .. .
1, 341, 186
Profit from sale of real
estate, stocks, bonds, etc.,
other than taxed as cap-
ital net gain from sale of
assets held more th^n 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
975,680
1,019,094
63, 377
2, 453, 775
1,047,424
61, 550
2, 735, 846
1, 177, 958
46,994
Dividends on stock of do-
mestic corporations '
Fiduciary " ..
2, 136, 469
379, 795
701, 084
2,848,842
2, 468, 749
2, 476, 952
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 12
245, 080
640, 683
387, 290
2, 567, 351
All other
2, 051, 324
1,821,122
2, 578, 194
3, 751, 569
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 ' -.
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, 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
Partnership '
1, 755, 145
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
years ^
1, 813, 396
Capital net gain from sale
of assets held more than 2
years'.
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" -
1, 302, 276
47, 479
4,254,829
421, 481
Interest other than obliga-
tions wholly or partially
tftx-mffimpt 1'
/ 1,675,916
1 350, 981
Otheri ncome"
Total income.
24,871,908
29, 247, 593
29, 578, 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
held more than 2 years '*.
178, 216
484, 205
2, 826, 509
227, 879
Contributions 12
425, 218
3,110,478
534, 797
3, 935, 330
533, 168
3, 389, 675
441, 590
2, 935, 868
507, 705
All other
2, 927, 886
Total deductions- .
3, 535, 696
4, 470, 127
3, 922, 843
3, 377, 458
3, 488, 930
3, 663, 470
Net income..
21, 336, 213
24, 777, 466
25, 656, 153
21, 894, 576
21,958,506
22 545,091
For footnotes, see p. 46.
61684—34 4
44
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 1932^ — Contd.
[Thousands of dollars]
Distribution
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
wholly exempt from tax 8._
Dividends on stock of domestic corpora-
tions 9
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 '«.
Contributions '^
All other.
Total deductions
Net income
1928
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
28, 987, 634
171, 743
532, 886
3, 056, 679
3,761,308
25, 226, 327
1929
11,198,979
3, 378, 984
1, 853, 142
2, 33T, 857
2, 346, 704
1, 286, 072
40, 184
4, 786, 028
508, 479
1, 912, 866
297, 656
29, 946, 952
995, 944
528, 885
3, 621, 388
5, 146, 217
24, 800, 736
1930
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
22, 412, 446
1, 232, 776
172, 538
424, 771
2, 463, 726
4, 293, 811
18, 118, 635
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
17, 268, 451
1, 160, 765
134, 685
328, 300
2, 039, 705
3, 663, 455
13, 604, 996
1932
8,136,717
1,294,952
482, 863
112, 814
50, 074
529, 989
29,188
1, 972, 133
310, 949
1, 141, 799
330, 602
14, 392, 080
375, 445
112, 659
304,009
1, 944, 209
2, 736, 323
11, 655, 757
Sources of income and deductions, individual returns for 1916 to 1932 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
Business *
1, 398, 069
Partnership '
1, 261, 899
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 '
623, 993
Capital net gain from sale of assets held
more than 2 years '
Rents and royalties..
616, 742
340, 868
386, 474
445, 701
62, 571
2, 128, 291
451,878
Interest on Government obligations not
wholly exempt from tax 8
60, 432
Dividends on stock of domestic corpora-
tions '
2, 098. 428
365, 326
627, 943
2, 648, 155
2, 133, 209
2, 363, 880
Fiduciary '"
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
All other
1, 719, 764
1, 142, 003
1, 598, 583
i, 914, ISO
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. 46.
STATISTICS OF INCOME
45
Sources of income and deductions, individual returns for 1916 to 1932 of net income
of $5,000 and over ' — Continued
[Money figures in thousands of dollars]
Distribution
1921
1922
1923 13
1924
1925
1926
Number of returns.
525, 606
594, 211
625, 897
697, 138
830,670
894,868
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 8
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 1°
Interest and other income "
2, 831, 520
816, 040
903, 571
254, 456
420, 932
40,281
1, 915, 138
Total income.
Deductions:
Net loss from business and part-
nership -
Contributions '^
All other.
Total deductions.
Net income
732, 697
7, 914, 635
1, 552, 857
1, 552, 857
6, 361, 778
2, 933, 454
1, 012, 440
918, 183
490, 794
249, 248
482, 189
30,962
2, 173, 499
197, 189
850, 935
3, 166, 967
1, 069, 740
928, 690
462, 489
305, 394
501, 489
30, 695
2, 442, 635
236, 665
870, 996
3, 490, 916
1, 290, 722
1,112,710
770,026
389, 148
570, 427
29, 645
2, 617, 871
206, 972
932, 324
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
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
9, 338, 893
10, 015, 759
11,410,761
14, 827, 127
15, 367, 957
211, 863
1, 323, 007
240, 792
1, 401, 047
254, 072
1, 405, 532
1, 534, 871
1, 641, 839
1, 659, 605
7, 804, 022
8, 373, 920
9, 751, 156
293,401
1,756,030
122, 409
326, 511
1, 691, 377
2, 049, 431
2, 140, 298
12, 777, f
13, 227, 659
Distribution
1927
1928
1929
1930
1931
1932
913, 597
1,010,887
1, 032, 071
810, 431
590, 731
356, 442
Income:
Wages and salaries 3
4, 524, 276
1, 704, 175
1, 354, 422
1,511,859
1, 081, 186
644, 302
47, 479
3, 761, 910
329, 351
1,115,925
185, 099
5, 008, 286
1, 772, 255
1, 583, 322
2, 700, 557
1, 879, 780
637, 371
40, 553
4, 009, 915
364,889
1, 230, 178
196, 111
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
4, 407, 606
1, 215, 452
786,931
527, 653
556, 392
479, 401
38, 134
3, 708, 656
338,400
1,018,001
130, 191
3,320,028
766, 730
492, 147
196, 574
169, 949
306, 336
25, 325
2, 583, 674
280, 627
749, 345
120,845
2, 057, 254
Business * .
354, 488
Partnerships
284, 624
Profit from sale of real estate,
stocks, bonds, etc., other
than taxed as capital net
gain from sale of assets held
71,643
Capital net gain from sale of
assets held more than 2
years ^ ..
60, 074
Eents and royalties
160, 244
Interest on Government obli-
gations not wholly exempt
from tax ' .
29,188
Dividends on stock of domes-
tic corporations '
1, 540, 625
Piduciary i" . .
217, 610
536 541
Interest other than obliga-
tions wholly or partially
tax-exempt " .
Other income"
67, 353
Total income
16, 259, 984
19,423,216
19, 710, 168
13, 206, 817
9,011,581
5, 369, 646
For footnotes, see p. 46.
46
STATISTICS OF INCOME
Sources of income and deductions, individual returns for 1916 to 1932 of net income
of $5,000 and over ^ — Continued
[Money figures in thousands of dollars]
Distribution
1927
1928
1929
1930
1931
1932
Deductions:
Net loss from sale of real es-
tate, stocks, bonds, etc.,
other than reported for tax
credit on capital net loss
from sale of assets held more
129, 865
632, 693
947, 121
105, 219
286, 218
1, 347, 170
813, 503
72,129
202, 979
981, 341
174, 62r
46, 972
Net loss from business, and
partnership is
136, 482
353, 188
1, 706, 122
Contributions '^
390, 923
1, 946, 467
384, 458
1, 997, 123
139, 846
All other
764, 432-
Total deductions.-
2, 195, 792
2, 467, 255
3, 014, 274
2, 685, 728
2. 069, 948
1, 125, 878-
Net income
14, 064, 193
16, 955, 961
16,695,895
10, 521, 088
6, 941, 633
4, 243, 76&
Footnotes for tables on pp. 4S-48
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209. 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 soxu-ces of income are applied against the gross income-
from the specific sources as reported on the schedules in the income-tax returns and wherever net losses
are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contain
the other deductions included in the return under "Deductions". Data for returns of net income under
$5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabulated
1928, 1930, and following years. Data for 1917 exclude 1,640,758 returns with net income under $2,000 and
aggregate net income of $2,461,137,000.
2 Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,137,-
000.
3 Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the 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.
s 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."
' Includes dividends received by individuals, partnerships, fiduciaries, and personal service corporations
(1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive.
'" 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."
" Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere;
includes interest on tax-free covenant bonds of individuals beginning 1917, and fiduciaries, 1917 to 1930,
inclusive, of partnerships, beginning 1920; and of personal service corporations, 1920 and 1921; includes in
1917 and 1918 interest on Government bonds not wholly exempt from tax; in 1917 income of fiduciaries as
described in note 10.
'2 Contributions 1916, 1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not available
(or 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.
'« Included in "All other" deductions in 1917 to 1929, inclusive.
" Exclusive of returns of married women making separate returns from husbands.
STATISTICS OF INCOME
47
Corporation returns for 1909 to 1932 showing total number, number and percent with
net income and no net income, gross income, net income, deficit, and tax i
[Money figures in thousands of dollars]
Year
1909
1910.
1911.
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
Number of returns
Total
262, 490
270, 202
288, 352
305, 336
316, 909
« 299, 445
« 366, 443
341, 253
351, 426
317,579
320, 198
345, 595
356, 397
382, 883
398, 933
417, 421
430, 072
455, 320
475, 031
495, 892
509, 436
518, 736
516, 404
508, 636
Showing I Showing
net no net
income ! income -
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
82, 646
<209,
<216,
< 233,
<244,
128,
125,
175,
134,
119,
115,
110,
142,
185,
170,
165,
181,
177,
197,
165,
174,
186,
241,
283,
369,
Showing
no income
data— In-
active
corpora-
tions 2
49, 356
52, 281
53. 415
65, 700
56, 700
56, 752
Percent of total
Showing
net
income
3 20
3 20
3 19
3 20
60
58
52
61
66
64
65
59
48
56
58
57
59
57
55
54
53
43
34
16
Showing
no net
income 2
<81
4 80
40
42
48
39
34
36
35
41
52
44
42
43
41
43
35
35
37
46
55
73
Showing
no income
data — In-
active
corpora-
tions 2
Year
Gross income
Returns
showing
net income
Returns
showing no
net income
Net income
Deficit
Tax
Income tax
War profits
and excess
profits tax
Total tax
1909.
1910.
1911-
1912.
1913.
1914.
1915.
1916.
1917.
1918.
1919.
1920.
1921.
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932-
32,
93,
60,
80,
97,
97,
113,
118,
115,
7 127,
129,
89,
52,
31,
531, 097
540, 005
706, 659
261, 006
824, 225
051, 123
331, 080
457, 479
158, 997
692, 683
022, 117
324, 340
369, 525
633, 792
561, 495
051, 035
707, 963
2,
5,
6,
11,
24,
31,
20,
21,
22,
20,
24,
29,
'25,
30,
46,
55,
49,
796, 534
153, 234
757, 622
657, 748
381, 338
198, 150
588, 835
106, 184
070, 497
568, 066
107, 736
074,012
411,989
987, 717
500, 564
464, 204
375, 775
3, 500, 000
3, 761, 000
3, 503, 000
4,151,000
4, 714, 000
3,940,000
5, 310, 000
8, 765, 909
10, 730, 360
8,361,511
9,411,418
7, 902, 655
4, 336, 048
6,963,811
8, 321, 529
7, 586, 652
9, 583, 684
9, 673, 403
8, 981, 884
10, 617, 741
11,653,886
6, 428, 813
3, 683, 368
2, 153, 113
656, 904
629, 608
689, 772
995, 546
2, 029, 424
3, 878, 219
2, 193, 776
2,013,555
2, 223, 926
1, 962, 628
2, 168, 710
2, 471, 739
2, 391, 124
2, 914, 128
4, 877, 595
6, 970, 913
7, 796, 687
20,
33,
28,
35,
43,
39,
56,
171,
503,
653,
743,
636,
366,
775,
937,
881,
1, 170,
1, 229,
1, 130,
1, 184,
1, 193,
711,
398,
286,
1, 638, 748
2, 505, 566
1, 431, 806
988, 726
335, 132
6 8, 466
20,960
33, 512
28,583
35,006
43,128
39, 145
56, 994
171, 805
2, 142, 446
3, 158, 764
2, 175, 342
1, 625, 235
701, 576
783, 776
S37, 106
881, 550
1, 170, 331
1, 229, 797
1, 130, 674
1, 184, 142
1, 193, 436
711,704
398, 994
286, 034
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. The period 1909 to
1915 includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes shown for
1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown in annual
reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assess-
ments, etc.; 1916 and subsequent vears, tax is amount reported on income-tax returns; taxes for 1913 include
income tax, $32,456,663; excise tax $10,671,077 (Act of --^-Ug. 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.)
« On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accountmg
period terminated subsequent to July 1, 1922.
' Revised figures.
48
STATISTICS OF INCOME
Corporation returns for 1929 to 1932 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]
Net income classes
1929
Number
of
returns
Net in-
come
1930
Number
of
returns
Net in-
come
1931
Number
of
returns
Net in-
come
1932
Number
of
retiurns
Net in-
come
Eeturns showing net income
Under 1
1-2
2-3
8^.
4-5
5-10
10-15.
15-20.
20-25
25-50...
50-100
100-250.
250-500
600-1,000
1,000-5,000
5,000 and over.
Total...
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
269, 430
29, 281
71, 322
61, 041
37, 881
94, 818
32, 798
66, 920
14, 732
52, 716
8,367
209, 764
19, 760
164, 277
8,955
145, 908
5,392
149, 630
3,992
441, 615
7,372
582, 968
4,905
923, 944
3,260
796, 186
1,259
932, 110
689
2, 116, 780
576
4, 885, 929
160
11, 653, 886
221, 420
29, 631
70, 168
55, 738
31, 702
82, 605
24, 312
50, 569
9,703
37, 488
5,481
139, 687
12, 813
109, 551
5,321
93, 271
3,301
89, 664
2,440
262, 844
4,450
341, 578
2,755
499, 648
1,941
438, 512
729
481, 838
373
1, 177, 948
321
2, 538, 241
88
6, 428, 813
175, 898
27, 836
42, 070
46, 328
10, 403
60, 782
5,734
33, 282
3,321
24, 519
2,499
90, 198
6,259
65, 292
2,962
57, 080
1,796
54, 847
1,172
157, 445
2,700
192, 198
1,623
296, 252
1,159
252, 021
429
265, 232
235
647, 197
225
1, 412, 858
59
3, 683, 368
82, 646
13, 121
14. 912
14, 081
11, 506
11, 196
44,505
36, 271
31, 158
26, 213
94. 913
113,643
176, 676
150, 686
165, 567
464, 892
783, 775
2, 153, 113
Net deficit classes
1929
Number
of
returns
Number
Net deficit of
returns
1930
Net deficit
1931
Number
of
returns
Net deficit
1932
Number
of
returns
Net
deficit
Returns showing no net income
Under 1
1-2
2-3.
3-4.
4-5.
5-10-.
10-15.
15-20
20-25
25-50
50-100
100-250
250-500
500-1,000
1,000-5,000
6,000 and over
Total
Returns showing no
income data— Inac-
tive corporations
Grand total— net
income less
deficit
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
186, 591
63, 415
509, 436
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
2, 914, 128
8, 739, 758
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
241,616
55, 700
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
4, 877, 595
518, 736
1, 551, 218
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
283, 806
56, 700
516, 404
30, 363
56, 376
64, 451
67, 070
65, 098
284, 961
226, 091
183, 750
149, 584
532, 653
555, 143
794, 446
562, 614
613, 928
1,416,923
1, 367, 460
6, 970, 913
3, 287, 545
131, 273
48, 626
31, 146
22, 844
16, 449
44, 854
20, 189
11,741
7,458
16, 595
8,778
5,592
1,835
934
782
142
369, 238
56, 752
508, 636
45, 683
70, 861
76, 892
79, 367
73, 621
318,710
246, 910
203, 129
166, 736
579, 563
608, 298
851, 933
636, 357
650, 386
1, 544, 855
1, 643, 385
7, 796, 687
5, 643, 674
1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213; general explanations appear on pp. 1-5. Figures for returns
showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no net
income for 1925 to 1927, inclusive, appear in Statistics of Income for 1930, pp. 49-50.
STATISTICS OF INCOME
49
Corporations submitting balance sheets for 1926 to 1932, showing 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]
Number
ofreturns
filed'
Number
of balance
sheets
Total as-
sets — total
liabilities 2
Assets
Year
Cash 3
Notes and
accounts
receivable
Invento-
ries
1926 - -.
455, 320
425, 675
443,611
456, 021
463, 036
459, 704
451, 884
359, 449
379, 156
384, 548
398,815
403, 173
381, 088
392, 021
J 262, 178,684
287, 542, 317
307, 218, 377
335, 777, 910
334, 001, 852
296, 497, 029
280, 082, 923
16, 801, 532
16,851,217
21, 952, 419
22, 371, 168
21, 012, 135
15, 880, 250
15, 917, 202
23, 551, 610
50, 959, 387
62, 804, 345
66, 810, 464
59, 675, 393
48, 667, 199
39, 563, 538
20,939,027
1927 - -
21, 005, 344
1928 -
20, 751, 292
1929
21, 910, 973
1930 .-
18, 771, 464
1931 ...-
15, 139, 933
1932 - -
12, 372, 459
Year
1926
1927
1928
1929
1930
1931
1932
Assets— Continued
Tax-exempt
invest-
ments 5
8, 694, 433
9, 780, 521
10, 116, 160
10, 338, 364
10, 228, 229
10, 667, 192
11,916,864
Invest-
ments other
than tax-
exempt —
stocks,
bonds,
mortgages,
loans, real
estate, etc.'
Capital
assets— real
estate, build-
ings, and
equipment
(less depre-
ciation)
Miscella-
neous assets
55, 844, 148
83, 809, 289
74, 305, 333
75, 630, 257
97, 523, 460
104, 945, 293
109,931,470
116,446,100
120, 994, 370
115,302,699
108, 553, 151
94, 668, 623
84, 000, 555
81, 662, 691
42, 056, 693
19, 510, 971
16, 534, 423
16, 129, 451
Liabilities
Notes and
accounts
24,041,916
24, 125, 895
27, 437, 292
29, 452, 537
26, 869, 687
23, 251, 397
20, 562, 272
Bonded debt
and mort-
< 31, 801, 041
* 37, 739, 571
42, 943, 301
46, 642, 535
50, 281, 681
48, 100, 961
47, 310, 414
Miscellane-
ous liabili-
ties
i 87, 075, 673
* 93, 274, 333
* 93, 950, 013
4 99,313,619
95, 768, 370
81,881,781
78, 413, 099-
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
19, 075, 893
67, 516, 635
74, 080, 966
77,256,128
4 85,519,765
87, 067, 025
79, 793, 727
78, 413, 099
39, 154, 426
45, 414, 697
52, 069, 292
60, 699, 189
61, 631, 986
51, 976, 381
45, 663, 746
4, 557, 130
4, 893, 423
4,913,109
5, 587, 895
6, 733, 583
7, 624, 047
9, 584, 221
34, 597, 296
1927 .
40, 521, 274
1928
47, 156, 183
1929
55 111,294
1930
54, 898, 403
1931 . -
44, 352, 334
1932
36, 079, 525
' Excludes returns for inactive corporations.
2 See text, p. 29.
' 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 Statistics of Income for 1931, p. 32.
' 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.
50 STATISTICS OF INCOME
ESTATE-TAX RETURNS
The following tables are compiled from estate-tax returns filed
during the year ended December 31, 1933, irrespective of the date of
death of the decedent. Returns are not required to be filed until 1
year after the date of death, and under certain conditions further
extensions of time are granted for filing. Prior to the effective date
of the Revenue Act of 1926 (10:25 a.m., Feb. 26, 1926, Washington,
D.C., time) and subsequent to the effective date of the Revenue Act
of 1932 (5 p.m., June 6, 1932, Washington, D.C., time) a return was
required in the case of every resident decedent whose gross estate as
defined in the statute exceeded $50,000 in value at the date of death.
During the intervening period (Feb. 26, 1926, to June 6, 1932) a
return was required if the gross estate exceeded $100,000 in value at
the date of death. A return was required in the case of every non-
resident any part of whose estate, regardless of value, was situated at
date of death in the United States, within the meaning of the statute.
The tax is imposed not upon the property or upon any particular
legacy, devise, or distributive share but upon its transfer. The
relationship of the beneficiary to the decedent has no bearing upon
the tax liability. 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 the statute includes certain transfers,
such as those made in contemplation of death or intended to take
effect at or after death. The net estate is the amount of the gross
estate less the sum of the authorized deductions, and in the case of
resident decedents a specific exemption. Estates of decedents subse-
quent to the effective date of the Revenue Act of 1932 are subject to
two estate taxes, the tax levied under the provisions of the Revenue
Act of 1926 and an additional estate tax levied by the Revenue Act
of 1932. The tax under the Revenue Act of 1926 applies to net
estates after deduction of a specific exemption of $100,000 and a tax
credit is allowed for estate, inheritance, legacy, or succession taxes
paid to any of the several States, Territories, or the District of
Columbia, and gift taxes paid to the Federal Government. The
additional tax under the Revenue Act of 1932 applies to net estates
after deduction of a specific exemption of $50,000 and the tax is equal
to the excess of (1) the amount of a tentative tax computed at rates
in the 1932 act, ranging from 1 percent on net estates in excess of
$10,000 to 45 percent on net estates in excess of $10,000,000, over (2)
the amount of tax computed at rates in the Revenue Act of 1926 (that
is, before deduction of tax credits provided).
Under the Revenue Act of 1926 estates 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. No credit for estate, inheritance, legacy, or succes-
sion taxes is allowable against the additional estate tax imposed by
the Revenue Act of 1932.
STATISTICS OF INCOME 51
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.
Data included in these tables are compiled from returns filed under
the 1926 act only (deaths before 5 p.m. June 6, 1932) and from
returns filed under the combined provisions of the Revenue Acts of
1926 and 1932 (deaths after June 6, 1932). In order to maintain
comparability with data for preceding years, tabulations of data by
net estate classes have been made corresponding to the successive
tax brackets specified in the Revenue Act of 1926 on the basis of the
net estate arrived at under the provisions of that act rather than the
provisions of the 1932 Act.
52
STATISTICS OF INCOME
Table 1. — Estate-tax returns of resident decedents by size of net estate under the pro
property, deductions,
(Money figures and estate
[Returns filed from
•V
Total
No net estate
under either 1926
or 1932 Acts
Nonet
estate
under
1926 Act
but tax-
able
under
1932 Act
Gross estate classes
Under 50
50 and
over
50 and
over
1
Number of returns
8,727
361
1,902
2,644
Gross estate: ^
Real estate
^
385, 831
46, 704
56, 440
158, 285
170, 699
432, 128
643, 050
1, 075, 178
322, 913
134, 358
108, 651
4,129
76
301
239
1,021
1,637
2,789
4,426
2,881
3,286
918
91, 459
843
3,928
2,743
13, 734
21, 249
60, 987
82, 236
35, 639
32, 286
17, 801
56.216
1,539
10,242
5,718
24, 345
41,844
58, 725
100, 569
69, 340
20, 052
10, 619
,s
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 3
4
Partially tax-exempt 3
5
6
State and municipal bonds, wholly tax-exempt
All other bonds
7
Total bonds
8
Capital stock in corporations
9
Total bonds and stocks
10
Mortgages, notes, cash, etc
11
Insurance (gross) *
12
Miscellaneous '
Total gross estate
13
2, 026, 931
15, 640
259, 421
246, 795
Deductions:
Insurance exemption.
14
53, 945
90, 801
341, 162
96, 201
865, 400
45, 008
2,549
861
4,397
385
35, 650
67
14, 042
13, 085
169, 443
19, 562
187, 750
12, 746
11, 094
11, 793
26, 739
9,862
264, 400
1,263
15
Funeral and administrative expenses
16
Debts, unpaid mortgages, etc
17
Charitable, public, and similar bequests.
18
Specific exemption, 1926 act
19
Property from an estate taxed within 5 years; value at.
date of previous decedent's death.
Total deductions
20
1, 492, 517
43, 910
416, 629
325, 151
Net estate, returns filed under provisions of Revenue Act.
of 1926 only (death before 5 p.m., June 6, 1932).
Net estate, returns filed under provisions of Revenue Acts of
1926 and 1932 (death after 5 p.m., June 6, 1932):
tion).
Net estate to which 1932 rates apply ($50,000 exemption) .
Tax, returns filed under provisions of Revenue Act of 1926
only (death before 5 p.m., June 6, 1932):
Tax before tax credit
21
258, 280
539, 966
712, 588
11,024
8,198
2,825
25, 447
20, 097
5,350
76, 701
25,447
51, 254
22
23
53, 339
24
25
26
Tax (24 less 25)
27
Tax, returns filed under provisions of Revenue Acts of 1926
and 1932 (death after 5 p.m., June 6, 1932):
Tax under 1926 Act:
Tax before tax credit
28
Tax credit «--.
29
Tax (27 less 28)
30
Additional tax under 1932 Act:
Tentative tax (application of rates in 1932 Act)
Tax at 1926 act rates (that is, before tax credits)
Additional tax (30 less 31)
1,079
31
32
1,079
Total tax liability (sum of 26, 29, and 32)
33
59, 429
1,079
For footnotes, see pp. 64-55.
STATISTICS OF INCOME
53
visions of the Revenue Act of 1926, showing number of returns, gross estate by form of
net estate, and tax
classes in thousands of dollars]
Jan. 1 to Dec. 31, 1933]
Net estate classes by size of net estate under the Eevenue Act of 1926 '
Taxable under both 1926 and 1932 Acts
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
1,485
729
688
467
172
83
63
57
1
61,324
31,604
39, 569
32, 581
21, 401
8,674
9,643
7,517
2
1,757
1,669
2,415
4,901
3,398
2,275
2,691
6,064
3
7,556
5,415
6,855
5,935
4,963
1,762
1,549
2,076
4
6, 433
5,003
11,065
14, 761
10, 989
8,963
14, 166
14, 496
6
21, 089
16, 632
23, 049
22, 018
11,431
7,865
4,795
8,685
6
36, 834
28,720
43, 385
47, 616
30, 782
20, 865
23, 201
31, 322
V
68,192
52, 953
64, 783
81, 658
52, 031
30, 759
41,424
32, 007
8
105, 027
81, 674
108, 168
129, 274
82, 813
51, 624
64,624
63, 329
9
47. 301
33, 047
41, 684
36,004
14, 970
10, 420
11,371
7,964
10
19, 595
10, 917
16, 066
12, 461
6,989
3,962
2,645
2,343
11
11,357
7,521
13, 582
14, 222
8,122
4,807
2,293
4,500
12
234, 604
164, 763
219, 068
224, 542
134, 294
79, 487
90, 576
85, 654
13
8,127
4,508
5,163
3,994
1,937
718
722
599
14
10,364
7,676
9,850
10, 032
6,279
3,015
4,733
3,178
16
29,462
16, 465
23,144
19, 552
15, 807
5,788
4,284
4,446
16
7,283
5,841
6,094
7,046
5,361
4,249
16, 708
3,392
17
144, 850
72, 450
68, 650
46, 550
17, 200
8,300
6,300
5,700
18
2,745
4,660
8,410
4,876
3,547
211
951
481
19
202, 830
111,600
121,312
92, 051
50, 132
22,280
33, 698
17, 797
20
12,044
18, 573
33, 176
52, 102
29,792
18, 021
21, 072
24,602
21
19, 729
34, 591
64, 581
80, 389
54, 369
39, 184
35, 806
43, 255
22
64, 984
57, 768
86, 963
94,297
59,344
42, 025
37, 764
45,043
23
122
243
641
1,437
1,040
733
980
1,307
24
76
170
466
1,069
778
515
659
964
25
46
73
175
369
261
217
320
343
26
204
468
1,262
2,230
1,883
1,571
1,647
2,326
27
157
364
1,000
1,727
1,450
1,241
1,296
1,776
28
46
104
262
503
432
330
351
550
29
2.686
3,310
6,116
8,158
6,014
4,707
4,705
6,305
30
204
468
1,262
2,230
1,883
1,571
1,647
2,326
31
2,482
2,842
4,855
5,928
4,131
3,136
3,058
3,979
32
2,574
3,019
5,291
6,799
4,825
3,684
3,729
4,872
33
54
STATISTICS OF INCOME
Table 1. — Estate tax returns of resident decedents by size of net estate under the pro'
property, deductions, net
[Money figures and estate-
Net estate classes by size of
net estate under the Reve-
nue Act of 1926 1— Contd.
Taxable under both 1926 and
1932 Acts— Continued
1,500 un-
der 2,000
2,000 un ■
der 2,500
2,500 un-
der 3,000
Number of returns
Gross estate: 2
Real estate -
Investments in bonds and stocks:
Federal Government bonds:
Wholly tax-exempt 3...
Partially tax-exempt 3 -
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 5
• Total gross estate,. -
Deductions:
Insurance exemption —
Funeral and administrative expenses
Debts, unpaid mortgages, etc —
Charitable, public, and similar bequests-
Specific exemption, 1926 act
Property from an estate taxed within 5 years; value at date of
previous decedent's death.
Total deductions
Net estate, returns filed under provisions of Revenue Act of 1926 only
(death before 5 p.m., June 6, 1932).
Net estate, returns filed under provisions of Revenue Acts of 1926 and
1932 (death after 5 p.m., June 6, 1932):
Net estate to which 1926 rates apply ($100,000 exemption)..
Net estate to which 1932 rates apply ($50,000 exemption) —
Tax, returns filed under provisions of Revenue Act of 1926 only
(death before 5 p.m., June 6, 1932):
Tax before tax credit —
Tax credit 8....
Tax (24 less 25)
Tax, returns filed under provisions of Revenue Acts of 1926 and 1932
(death after 5 p.m., June 6, 1932):
Tax under 1926 Act;
Tax before tax credit...
Tax credit 8
Tax (27 less 28)
Additional tax under 1932 Act:
Tentative tax (application of rates in 1932 kci)
Tax at 1926 Act rates (that is, before tax credits)
Additional tax (30 less 31)
Total tax liability (sum of 26, 29, and 32)...
29
3,764
5,257
1,001
10, 376
4,127
20, 760
32, 758
53, 519
5,862
1,462
3,354
67, 961
252
3,020
6,835
1,565
2,900
1,940
16, 512
12, 240
39, 209
40, 285
776
505
271
2,505
2,004
501
6,394
2,505
3,889
4,661
8,013
4,056
3,296
9,916
2,066
19, 336
14, 909
34, 245
4,245
1,394
1,396
49, 296
82
1,826
2,585
3,429
1,800
9,723
4,516
35, 057
35, 857
319
255
64
2,442
1,953
6,103
2,442
3,661
4,214
2,336
2,815
546
5,561
2,142
11, 064
4,395
15, 460
1,359
120
3,495
22, 771
815
1,258
560
600
3,106
6,419
16,351
16, 626
1,250
1,000
250
3,052
1,250
1,803
2,053
1 Net estate after deduction of specific exemption of $100,000.
2 The following items are distributed by form of property: Jointly owned property, $48,174,764; transfers
made in contemplation of or intended to take effect at or after death, $43,989,587; general power of appoint-
ment exercised by will or by deed in contemplation of death, $16,642,522; and property from an estate taxed
within 5 years, value at date of present decedent, $58,661,307. For statistics from estate-tax returns filed
during 1927 to 1932, "Jointly owned property" only was distributed in this manner.
' Securities, the interest on whichjs wholly or.partially exempt from the normal income tax and surtax
of the Federal Government.
STATISTICS OF INCOME
55
■joisions of the Revenue Act of 1926, showing number of returns, gross estate by form of
■estate, and tax — Continued
classes in thousands of dollars]
Net estate classes by size of net estate under the Revenue Act of 1926 1— Continued
Taxable under both 1926 and 1932 Acts— Continued
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
5
2
8
4
1
1
2
1
1,985
1,335
214
7,487
325
9,360
6,008
15, 368
1,213
49
366
520
207
159
3,192
67
3,626
4,279
7,905
1,182
3,608
2,785
389
12, 118
2,634
17,928
15, 021
32, 950
2,333
45
1,226
7,868
965
221
8,489
1,438
11,113
3,844
14, 957
3,893
32
954
379
7
3,238
1,646
31
6,378
2,226
10,280
3,621
13, 902
304
9.
8
4
190
79
276
7,703
7,979
111
654
375
5
928
928
4,200
5,128
1,790
6
7
8
q
10
n
1,410
55
276
1?
18, 981
11, 017
40, 163
27,705
6,973
9,498
17, 720
IS
29
448
360
1,406
500
7
583
5,436
280
400
40
372
1,936
14
663
2,273
365
200
1,647
730
2,299
800
184
59
388
100
6
377
161
125
200
15
16
17
100
18
19
2,742
3,501
5,477
6,706
737
2,448
863
?ft
3,071
13, 168
13, 368
247
196
51
1,094
875
219
2,634
1,094
1,539
4,542
30, 144
30, 494
439
352
88
2,845
2,276
569
6,699
2,845
3,855
15, 916
5,082
5,132
1,648
1,318
330
516
413
103
1,212
516
696
8,610
8,247
8,297
1,093
875
219
1,028
822
205
2,398
1,028
1,370
?!1
7,516
7,616
6,236
6,286
7,049
7,099
9?,
?3
?4
?,■>
::::::::::::::
?6
664
531
133
1,581
664
917
691
553
138
1,622
691
931
822
658
164
1,926
822
1,103
?7
98
W
30
31
3?
1,809
1,050
4,512
1,129
1,069
1,267
1,794
33
* For insurance exemption, see "Deductions."
5 Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds,
judgments, shares in trust funds, household goods and personal effects including wearing apparel, farm
products and growing crops, livestock, farm machinery, automobiles, etc.
8 Credit for estate, inheritance, legacy, or succession taxes paid to any of the States, Territories, or the
District of Columbia, and gift taxes paid to the Federal Government.
56
STATISTICS OF INCOME
Table 2. — Estate-tax returns of resident decedents, hy States and Territories, showing
number of returns, gross estate, net estate, and tax
[Money figures in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1933]
States and Territories
Number
of re-
turns
Gross estate
Net estate
$100,000
exemption
Tax
1926 Act
Additional
tax 1932 Act
Total
Alabama
Arizona
Arkansas
California..
Colorado
Connecticut-
Delaware.
District of Columbia
Florida
Georgia
Hawaii
Idaho ,
Illinois
Indiana
Iowa...
Kansas
Kentucky..
Louisiana
Maine
Maryland...
Massachusetts
Michigan
Minnesota..
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico.
New York
North Carolina
North Dakota
Oliio -
Oklahoma
Oregon
Pennsylvania
Rhode Island.
South Carolina
South Dakota
Tennessee..
Texas
Utah
Vermont
Virginia
Washington '
West Virginia
Wisconsin
Wyoming
Total.
51
11
26
726
63
249
22
103
109
77
17
9
550
128
119
62
71
147
513
197
107
31
208
24
91
3
47
558
19
,916
99
6
416
58
37
19
14
69
275
9
18
109
61
56
166
8,365
1,907
3,567
139,912
12,446
50, 340
5,433
18, 806
24,053
18, 635
6,743
1,172
132, 366
21, 159
16, 898
12, 660
15, 963
12, 072
15, 556
37, 397
140, 590
55, 111
24, 671
4,480
42, 176
3,926
12, 075
232
8,833
128, 002
2,968
551, 730
13, 717
660
90, 749
10, 027
9,059
215, 777
17, 987
2,875
1,719
11,516
45, 665
1,022
2,383
22, 875
10, 791
10, 464
28, 660
742
2,307
568
675
48, 936
4,162
19, 405
2,687
7,164
9,293
5,925
4,205
95
46, 057
6,249
4,437
3, 880
4,982
3,213
5,901
18, 643
67, 519
20, 041
8,536
864
15, 208
1,102
2,635
3,803
64, 143
695
233, 923
2,837
81
33, 470
3,776
4,738
94, 639
8,491
463
298
2,652
15, 112
186
259
8,366
2,565
2,838
10, 063
159
(0
13
2
7
457
24
134
16
256
60
53
49
505
57
35
21
40
28
38
189
825
145
103
4
115
5
11
38
604
4
2,414
18
296
55
42
1,015
101
1
1
15
190
1
1
79
14
29
64
1
8,727
2, 026, 931
798, 246
8, 175
87
31
23
3,363
297
1,066
177
190
572
427
407
10
1,975
412
181
234
284
116
359
1,483
4,668
1,168
492
66
838
33
112
295
3,336
7
17, 196
90
8
2,462
149
398
5,051
716
26
19
133
839
17
22
509
117
194
592
51, 254
100
33
30
3,820
321
1,200
193
447
632
479
456
n
2,479
469
216
255
324
145
397
1,671
5,493
1,312
595
70
952
38
123
333
3,940
12
19, 610
108
8
2,758
203
440
6,066
817
28
21
148
1,028
18
23
588
131
223
656
59,429
1 Includes for returns filed under the 1926 and 1932 Acts (deaths after 5 p.m., June 6, 1932) the amount of
the net estate after deduction of a specific exemption of $100,000.
2 Less than $500.
' Includes Alaska.
STATISTICS OF INCOME
57
Table 3. — Estate tax returns of resident decedents, by net estate classes under the
provisions of the Revenue Act of 1926, and by estates falling solely under the
Revenue Act of 1926, and estates falling under both the Revenue Acts of 1926 and
1932, showing number of returns, net estate, and tax
[Money figures and estate classes in thousands of dollars]
IReturns filed from Jan. 1 to Dec. 31, 1933]
Net estate classes under provisions of
Revenue Act of 1926 ($100,000 exemption) i
Grand total
Number
of re-
turns
Net estate
($100,000
exemp-
tion)!
Tax (1926
and 1932
Acts)
Estate falling imder the Rev-
enue Act of 1926 (death be-
fore 5 p.m., June 6, 1932)
Number
of re-
turns
Net estate
($100,000
exemp-
tion)!
Tax
(1926 Act)
No net estate
Net estate:
Under 50-
sounder 100
100 under 200
200 under 400...-
400imder 600
600 under 800
800 under 1,000..
1,000 under 1,500,
1,500 under 2,000
2,000 under 2,500
2,500 under 3,000
3,000 under 3,500
3,600 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
Total
4,907
1,485
729
688
467
172
83
63
57
29
18
6
5
2
8
4
1
1
31, 774
53,164
97, 757
132, 491
84,162
67, 207
56, 879
67, 857
61, 449
39, 573
16,351
16,239
7,516
34, 686
20, 998
6,236
7,049
16, 857
1,079
2,574
3,019
5,291
6,799
4,824
3,684
3,729
4,872
4,661
4,214
2,063
1,809
1,050
4,512
1,129
1,069
1,267
1,794
919
560
257
236
186
60
26
23
21
7
2
12,044
18, 573
33, 176
52, 102
29, 792
18, 022
21, 072
24, 602
12, 240
4,516
3,071
4,642
15,916
8,610
8,727
798, 246
69, 429
2,303
258, 280
45
73
175
368
261
217
320
343
271
64
50
330
219
2, 825
Net estate classes under provisions of
Revenue Act of 1926 ($100,000 exemption)'
Estates falling under both the Revenue Acts of 1926 and 1932
(death after 5 p.m., June 6, 1932)
Number
of re-
turns
Net estate
($100,000
exemp-
tion)'
Net estate
($50,000
exemp-
tion) 2
Tax
(1926 Act)
Addi-
tional
tax (1932
Act)
Tax (1926
and 1932
Acts)
No net estate
Net estate:
Under 60
60 under 100
100 under 200..-.
200 under 400
400 under 600
600 under 800
800 under 1,000..
1,000 under 1,600
1,500 under 2,000
2,000 under 2,500
2,500 under 3,000
3,000 imder 3,500
3,500 under 4,000
4,000 under 6,000
5,000 under 6,000
6,000 under 7,000
7,000 under 8,000
8,000 under 9,000
Total
925
472
452
281
112
67
40
36
22
16
6
4
2
7
1
1
1
1
19, 729
34, 591
64,581
80, 389
54, 369
39, 186
35, 806
43,255
39, 209
36, 057
16,351
13, 169
7,516
30,144
5,082
6,236
7,049
8,247
53,339
64,984
57, 768
86, 963
94, 297
69, 344
42,025
37,764
46,043
40,285
35, 857
16, 626
13, 369
7,616
30, 494
6,132
6,286
7,099
8,297
46
104
261
503
432
330
351
650
601
488
260
219
133
569
103
138
164
206
1,079
2,482
2,842
4,855
6,928
4,131
3,136
3,058
3,979
3,889
3,661
1,803
1,539
917
3,865
696
931
1,102
1,370
1,079
2,629
2,946
5,116
6,430
4,563
3,467
3,409
4,629
4,390
4,150
2,053
1,758
1,050
4,424
799
1,069
1,267
1,675
6,424
639, 966
712, 688
6,349
51,254
56, 603
' Net estate after deduction of specific exemption provided in 1926 Act.
' Net estate after deduction of specific exemption provided in 1932 Act.
58
STATISTICS OF INCOME
Table 4. — Historical summary of estate-tax returns filed for resident and nonresi-
dent decedents, Sept. 9, 1916, to Dec. 31, 1933, showing number of returns, gross
and net estate, and tax ^
[Money figures in thousands of dollars]
Returns filed
Total
Resident
decedents
Nonresi-
dent de-
cedents
Gross estate
Total
Resident
decedents
Nonresi-
dent de-
cedents
Sept. 9, 1916-Jan. 16, 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
Jan. 1-Dec. 31, 1933
45, 126
13, 876
15, 119
14, 513
16, 019
14, 667
10,700
10, 236
10, 343
10, 382
9,889
8,507
10, 275
42, 230
12, 563
13, 963
13, Oil
14,013
13, 142
9,353
8,079
8,582
8,798
8,333
7,113
8,727
2,896
1,313
1,156
1,502
2,006
1,425
1,347
2,157
1,761
1,684
1,556
1,394
1,548
8, 893, 239
3, 014, 073
2, 804, 327
2, 566, 622
3, 001, 089
3, 407, 923
3, 173, 236
3, 554, 270
3, 893, 246
4, 165, 623
4, 075, 575
2, 830, 388
2,060,956
8, 786, 642
2, 965, 959
2, 774, 741
2, 540, 922
2, 958, 364
3, 386, 267
3, 146, 290
3, 503, 239
3, 843, 514
4, 108, 617
4, 042, 381
2, 795, 818
2, 026, 931
107, 597
58, 113
29,586
25,600
42, 726
21, 656
26, 945
51, 032
49, 732
57,106
33, 195
34,570
34, 025
Net estate
Total
Resident
decedents
Nonresi-
dent de-
cedents
Tax
Total
Resident
decedents
Nonresi-
dent de-
cedents
Sept. 9, 1916-Jan. 16, 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.
Jan. 1-Dec. 31, 1933
5, 509, 522
1, 704, 974
1,532,061
1, 396, 816
1, 658, 869
1, 972, 637
1, 761, 617
1, 992, 503
2, 313, 976
2, 427, 454
2, 366, 332
1, 423, 437
828, 302
5, 407, 674
1, 652, 832
1, 504, 621
1, 372, 421
1, 621, 008
1, 961, 969
1, 735, 840
1, 943, 429
2, 268, 323
2, 376, 973
2, 327, 319
1, 391, 569
2 798, 246
101, 849
52, 142
27,440
23, 395
37, 861
20, 667
25, 777
49, 076
45, 653
50, 481
29, 013
31,868
30, 056
356, 516
120, 662
89, 109
71, 939
87, 322
101,805
41, 686
41, 959
44,388
41,617
46,200
23, 674
61,415
351, 138
117,624
88, 384
71, 451
86, 223
101, 324
40, 931
40, 561
43, 303
39, 003
44, 540
22, 364
2 59, 429
5,378
2,938
726
488
1,099
481
765
1,398
1,085
2,614
660
1,310
1,986
1 Changes in the revenue acts aflecting the comparability of statistical data from estate-tax returns are
summarized on pp. 214-216.
2 The net estate is shown under the provisions of the Revenue Act of 1926, whereas the tax is under the
provisions of that act plus the additional tax under the Revenue Act of 1932.
GIFT-TAX RETURNS
The Revenue Act of 1932 imposed a tax upon the transfer of prop-
erty by gift payable by the donor at rates varying from three-fourths
of 1 percent on net gifts in excess of $10,000 to 33}^ percent on net
gifts in excess of $10,000,000.
The only similar tax previously in effect was levied under the
Revenue Act of 1924, and was in effect from June 2, 1924, to De-
cember 31, 1925, During these years the number of gift-tax returns
filed, net amount of taxable gifts and total gift, tax were as follows:
1925
Number of gift tax returns filed (resident and nonresident)
Net amount of taxable gifts
Total gift tax
1,628
$170,181,677
$7, 242, 136
$91, 289, 373
$2, 714, 924
STATISTICS OF INCOME 59
The following tables are compiled from gift tax returns filed during
the year ended December 31, 1933, for gifts made after June 6 to
December 31, 1932. The act provides that any citizen or resident of
the United States who makes any transfer by gift which exceeds
$5,000 in value to any one donee, as well as any individual who makes
any gift of a future interest in property, regardless of its value, is re-
quired to file a return. A return is required even though, because of
authorized deductions, no tax liability accrues. Nonresident aliens
are similarly required to file returns when such transfers by gift are
made of property situated within the United States.
In the tables, the term "total gifts" represents the value of the
property transferred less any money consideration, if any, received
in exchange, provided there exists a donative intent. The term "net
gifts" represents the total gifts less the following:
(1 ) An exemption of $5,000 for each donee (except in cases of future
interest);
(2) In the case of a resident or citizen, a specific exemption not in
excess of $50,000; and,
(3) Charitable, public, or similar gifts specified in the statute.
The tables are based on the returns as filed and prior to adjust-
ments which may result from audit. The tax liability shown in the
tables may not correspond with the actual receipts of taxes during
the filing period for the reason that the tax reported on the returns
may be paid at a later date, and for the further reason that field in-
vestigation and office audit may disclose deficiency taxes or excess
payments which are not reflected in these tables. For statistical
purposes, the returns are tabulated by the net gift classes correspond-
ing to the successive tax brackets specified in the Revenue Act of
1932.
The form of property constituting gifts shown in the tables are real
estate, stocks and bonds, cash, insurance, and miscellaneous. Some
of the items tabulated as "miscellaneous" are: Articles of personal
adornment; articles of art, literature, etc.; forgiveness of debts;
donor's inheritance in estate; residuary income under trust; annuity
under trust; business interests; copyright on books; claims, United
States Alien Property Custodian; etc.
Under "Nature of deductions" there are tabulated charitable,
public, and similar gifts, and the specific exemption and exclusions.
60
STATISTICS OF INCOME
Table 1. — Gift-tax returns for 1932 ' hy net gift classes showing number of returns,
total gifts by form of property, deductions, net gifts, and tax
[Net gift classes and money figures in thousands of dollars]
[Returns filed from Jan. 1 to Dec. 31, 1933]
Net gift classes
Nontaxable returns:
No net gifts
Taxable returns:
Under 10
10 under 20
20 under 30
30 under 40
40 under 50
sounder 100
100 under 200
200 under 400
400 under 600
600 under SOO
1,000 under 1,500
1,500 under 2,000
2,000 under 2,500
Total taxable returns
Grand total-
Number
of returns
1,502
245
1,747
Total gifts by form of property
Real
estate
5,657
146
185
389
337
494
391
294
122
2,966
8,623
Stocks and
bonds
12,629
18,904
31, 533
Cash
20,350
818
915
287
437
573
1,186
1,884
70
3,841
197
107
10, 314
30,664
Insur-
ance
801
(0
136
201
420
1,221
Miscella-
neous
5,926
173
751
379
242
185
236
160
934
362
3,420
9,346
Total
45, 363
2,869
2,860
2,331
1,959
2,652
5,306
4,257
2,372
5,017
1,008
1,636
1,611
2,148
36, 026
81, 389
Net gift clas.ses
Nontaxable returns:
No net gifts
Taxable returns:
Under 10 --.
10 under 20
20 under 30
30 under 40-
40 under 50
50 under 100
100 under 200
200 under 400
400 under 600
600 under 800
1,000 under 1,500-
1,500 under 2,000.
2,000 under 2,500.
Total taxable returns.
Grand total
Deductions
Charitable,
public, and
similar gifts
16, 167
153
6
116
87
81
155
684
3,416
197
107
5,002
21, 169
Specifle
exemption
and
exclusions
29,196
2,479
2,245
1,540
1,195
1,465
2,334
982
425
235
60
60
65
60
13, 144
42, 340
Total
45, 363
2,632
2,250
1,656
1,282
1,546
2,489
1,666
425
3,651
257
167
65
60
18, 147
63, 510
Net gifts
237
610
676
677
1,106
2,817
2,591
1,947
1,366
751
1,469
1,546
2,088
17, 879
17, 879
Tax
2
9
9
11
23
86
120
116
94
62
158
169
255
1,111
1,111
' For gifts made during period June 6-Dec. 31, 1932.
' Less than $500.
STATISTICS OF INCOME
61
Table 2. — Gift tax returns for 19S2 ' by total gift classes, and by taxable and non-
taxable returns, showing number of returns, total gifts, deductions, net gifts, and
tax
(Total gift classes and all money figures except tax, in thousands of dollars)
[Returns filed from Jan. 1 to Dec. 31, 1933]
Taxable
Number
of
returns
Total
gifts
Deductions
Net gifts
Total gift classes
Charita-
ble, pub-
lic, and
similar
gifts
Specific
exemp-
tion and
exclu-
sions
Tax
(actual
dollars)
Under 10
9
8
6
49
107
134
35
50
60
14
57
74
103
10 under 20
461
20 under 30
686
30 under 40
40 under 50 -
2
117
76
18
3
1
90
8,583
9,735
4,808
1,445
684
45
6,574
4,661
1,100
225
60
45
1,919
4,554
' 3,539
1,220
120
668
50 under 100
90
520
169
29,128
100 under 200
132, 258
200 under 400
184, 437
400 under 600
81, 249
600 under 800
504
4,925
800 under 1,000
1,000 under 1,500 _
1
2
1
1,008
3,247
2,148
197
107
60
125
60
751
3,015
2,088
61, 749
1,500 under 2,000
327, 067
2,000 under 2,500
254, 585
2,500 under 3,000 .. .
3,000 under 3,500
3,500 under 4,000
1
3,988
3,416
90
482
33, 935
4,000 and over.
Total..
245
36, 025
5,002
13, 144
17, 879
1,111,251
Total gift classes
Under 10
10 under 20
20 under 30 -
30 under 40
40 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.
1,500 under 2,000.
2,000 under 2,500..
2,500 under 3,000.
3,000 under 3,500.
3,500 under 4,000.
4,000 and over
Total.
Nontaxable
Number
of re-
turns
Total
gifts
395
399
250
169
129
138
10
7
1
1
1
1.502
2,391
5,690
6,121
5,768
5,781
8,093
1,409
1,868
536
606
965
2,861
3,374
45, 363
Deductions
Charitable,
public, and
similar
gifts
Specific
exemptions
and exclu-
sions
297
750
533
499
675
1,943
1,327
1,822
536
606
955
2,861
3,365
16, 167
2,094
4,84a
5,689
5,269
5,107
6,151
82
46
29, 196
1 For gifts made during period June 6-Dec. 31, 1932.
62 STATISTICS OF INCOME
Tables, exhibiting in greater detail information from individual and
corporation income-tax returns, are continued in the following pages.
For individual returns they include data by States and Territories,
by income class, by sex and family relationship, by special sources of
income, and by industrial groups; also interest and principal reported
for wholly and partially tax-exempt obUgations of the Federal Gov-
ernment, United States possessions and obligations of States and
Territories and political subdivisions thereof. The data from cor-
poration returns are presented by States and Territories, by indus-
trial groups, by receipts and disbursements, and by size of assets and
liabihties.
There is also included a synopsis of income and profits tax rates,
estate and gift tax rates, credits and exemptions under the Revenue
Acts of 1909 to 1932, affecting the comparabihty of the data in the
Statistics of Income.
Respectfully,
Wright Matthews,
Acting Commissioner of Internal Revenue,
H. MORGENTHAU, Jr.,
Secretary oj the Treasury.
BASIC TABLES
INDIVIDUAL RETURNS
63
STATISTICS OF INCOME
65
Table 1. — Individual returns for 1932 by States and Territories, showing popula-
tion and percent of population filing returns, number of returns, net income and
tax; also average net income and average tax per return, and personal exemption
and credit for dependents
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
States and
Territories
Alabama -.-
Arizona.
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia-
Florida
Georgia..
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachuset ts
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 125,265,000
Popula-
tion as
of July
1, 1932
(Bureau
of the
Census
estimate)
Per-
cent of
popu-
lation
filing
returns
1.30
2.79
1.30
2.65
3.43
4.38
Num-
ber of
returns
10,
295,
30,
86,
9,
73,
29,
31
12,
5
286,
63,
42,
29,
32,
33,
20,
83,
249,
127,
61
10,
95,
lo:
25,
4;
15,
217,
5,
798,
25,
8,
188,
31
25,
334,
30,
11
8
31
102,
10,
10,
43,
56,
26,
91
3. 10 3, 877, 430
Net income
$54
020,
23
354,
24,
716,
841
047,
82
077,
274,
908,
46,
026,
213,
475,
88
451,
92,
882,
37,
277,
13,
688,
872
941,
168,
607,
109
841,
73,
547,
89,
484,
92,
164,
62,
981,
265
618,
735
390,
349
800,
173
772,
21
584,
290
701,
28
221,
66,
007,
10
867,
43,
854,
689,
687,
14
fififi,
2, 764
354,
76
989,
18
182,
556
313,
83
367,
60,
519,
1,023
234,
101
863,
29.
080,
17,
956,
88
515,
279
533,
27,
028,
27,
542,
122
228,
133,
697,
73,
659,
203,
833,
16,
189,
11,655,756,678
Tax
>,932
$2.
), 405
2,
,937
2,
), 950
2,
,932
2,
,965
3,
,328
4,
,177
2,
,631
3,
',089
2,
, 535
?!-
,113
2,
,230
3,
,606
2,
,991
2,
,811
2,
,630
2,
,510
2,
^284
3,
,435
3,
>, 149
2
', 316
2,
',895
2,
,566
2,
,748
3,
,685
2,
),563
2,
', 378
2,
,847
2,
,975
3,
,605
2,
,059
3,
',702
2,
), ,561
2,
,627
2,
,868
2,
,442
2,
,410
3,
,178
3,
>,924
2,
,503
2,
,381
2,
,888
2,
, 273
2,
,645
2,
), 452
2,
,558
2,
,480
2,
>,425
2,
,717
2,
Average per
return
Net
income
,612.
,624.
,388.
,844.
,687.
,185.
,686.
,904.
,018.
,927.
,057.
,377.
,042.
,645.
,576.
,481.
,757.
,712.
,018.
,191.
,944.
,743.
,811.
,046.
,034.
,797.
,588.
,649.
,786.
,166.
,631.
,461.
,964.
,045.
,956.
,618.
,341.
,059.
,330.
,443.
,148.
,806.
,714.
,544.
,638.
,833.
,369.
,741.
,226.
,382.
329,962,311 3,006.05 85.10 8,517,123,872
Tax
Personal
exemption
and credit
for depend-
ents
19
25
615,
67
179,
20,
1.39
67,
74,
30,
12,
617
145,
99
67,
72,
76,
44,
175,
523,
292,
134
26,
216
22,
58,
8,
33
492,
12,
1,75!
62
21
417
80,
58,
742,
65
29
19
74,
225,
27,
22,
60 123,
540, 316
420, 418
215
144
350
157
236
864
788
368
686
781
860
245
570
116
133
939
189
363
838
240
685
753
244
749
882
175
875
185
770
,115
726
025
921
444
009
255
755
983
973
763
261
642
947
616
369
480
080
474
'Includes Alaska.
66
STATISTICS OF INCOME
Table 2. — Individual returns for 19S2 by net income classes, showing number of
returns, net income and tax, average tax per return, and average rate of tax, personal
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. 1-6]
Net income classes
(Thousands of dollars)
Number
of returns
Net income
Tax-
Amount
Average tax
per return
Average
rate of
tax on
net in-
come
(percent)
Personal
exemption
and credit
for depend-
ents
Under 1 (estimated)
Under 1 (estimated) _
1-2 (estimated) '
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) '
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6'
5-6-
6-7
7-8-. ._
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- --
Nontaxable returns ' -
Taxable returns
350, 988
8,700
696, 690
792, 899
654, 144
313,812
200, 487
311,026
27, 634
164, 608
11, 392
91, 162
60, 612
39, 809
27, 401
20, 638
15, 156
11, 653
9,109
7,562
6,014
19, 169
10, 547
6,655
7,769
4,056
2,393
1,474
938
660
437
995
356
161
78
99
41
64
22
12
3
3
$226,
4,
1, 018,
1, 127,
1, 640,
796,
667,
1, 077,
120,
731,
62,
497,
391,
297,
232,
195,
158,
133,
113,
101,
87,
329,
235,
181,
267,
180,
130,
95,
70.
56,
41,
119,
60,
35,
21,
34,
18,
38,
19,
14,
5,
6,
460, 499
679, 594
379, 864
454, 592
377, 351
874, 014
817,814
163, 215
835,841
945, 668
297, 454
998, 282
748, 038
169, 478
105, 243
720, 890
862, 195
929, 124
691, 554
996, 941
093, 749
512, 194
312, 187
778, 274
211,998
648, 316
312, 964
299, 127
077, 703
066, 829
449, 410
895, 876
915, 955
813, 184
278, 771
263, 351
205, 352
530, 709
343, 522
120, 088
250, 023
579, 585
$102, 827
"i2,"254,"359'
11.82
15.46
9, 822, 223
"i6,'690,'784"
'i6,'203,'73l'
31.30
2.20
"i.'oo'
'i.'23"
34.37
61.99
1.39
8, 771, 801
7,598,111
6, 911, 337
6, 333, 228
6, 000, 422
5, 339, 721
4, 908, 191
4, 422, 365
4, 259, 473
3, 858, 915
14, 897, 433
12, 463, 919
10, 693, 998
17, 999, 047
14, 852, 849
12, 148, 179
10, 820, 624
9, 181, 121
8, 539, 407
6, 460, 583
24, 469, 289
16, 059, 339
9, 382, 956
6, 469, 395
11,950,110
6, 604, 038
11,867,067
7, 149, 303
5, 904, 518
2, 491, 506
3, 453, 867
1,
1,
2,
3,
5,
7,
9,
12,
14,
24,
45,
58,
82,
120,
161,
185,
324,
492,
830,
1, 151,
96.22
125. 36
173. 61
231. 13
290. 75
352. 32
421. 20
485. 49
563. 27
641. 66
777. 16
181.75
606. 91
316. 78
661. 95
076. 55
340. 99
787. 98
938. 50
783. 94
597. 28
110. 50
279. 23
940. 96
708. 18
074. 10
422. 92
968. 32
043. 17
502. 00
289.00
1.76
1.94
2.33
2.73
3.07
3.36
3.66
3.89
4.18
4.43
4.52
5.30
5.88
6.74
8.22
9.32
11.35
13.10
15.23
15.59
20.41
26.36
26.20
30.40
34.88
36.27
30.80
36.96
41.82
47.46
52.49
1,
1, 718,
807,
1, 929,
528,
685,
776,
86,
439,
27,
247,
158,
103,
70,
62,
37,
28,
22,
18,
14,
44,
24,
15,
17,
8,
5,
3,
1,
1,
,777
1,641
i,725
1,864
,079
,276
,787
,614
,348
i,502
1,867
1,690
,245
,170
,786
,494
,363
,452
1,630
,083
,107
1,493
,306
,396
,577
,279
,398
1,759
,264
,732
,510
,492
1,165
1,563
1,533
1,074
1,075
,233
,000
,500
,000
i,000
9, 289, 860
4, 626, 275
2, 313, 137. 50
49.80
4,150
3, 877, 430
11,655,756,678
329, 962, 311
85.10
2.83
8, 517, 123, 872
1,941,335
1, 936, 095
3, 736, 168, 823
7,919,587,855
329,962,311
170. 43
5, 085, 662, 583
3, 431, 461, 289
' Nontaxable returns. Specific exemptions from normal tax exceed net income.
STATISTICS OF INCOME
67
Table 2. — Individual returns for 1932 by net income classes, showing number of
returns, net income and tax, average tax per return, and average rate of tax, personal
exemption and credit for dependents, tax before tax credits, and tax credits — Con.
Tax before tax credit
Tax credit—
12H percent
on capital
net loss from
sale of assets
held more
than 2 years
Net income classes
(Thousands of dollars)
Normal tax
Surtax
12M percent
on capital
net gain
from sale of
assets held
more than
2 years
Total
$102, 827
$102, 827
1-2 (estimated)'
12, 254, 359
12, 254, 359
2-3 (estimated)'
2-3 (estimated)
9, 822, 223
9, 822, 223
3-4 (estimated)'
10, 690, 784
10, 690 784
4-5 (estimated)'
10, 203, 731
10, 203, 731
5-6 (estimated)'
5-6 ...
8, 771, 801
7, 310, 834
6,330 211
5, 657, 398
5, 284, 435
4, 585, 824
4. 098, 461
3, 567, 821
3, 323, 159
2, 908, 274
11,567.805
8, 889, 122
7, 059, 097
10 001, 292
6, 559, 777
4, 187, 125
2, 854, 944
2. 099, 239
1, 568, 132
1, 061, 997
2, 814, 780
1,011,792
563, 081
333, 334
339, 772
250, 127
208, 774
281,048
31,933
8, 771, 801
7, 598, 111
6,911,337
6, 333, 228
6, 000, 422
5, 339, 721
4, 908, 191
4, 422, 365
4,259,473
3, 858, 915
16, 986, 221
15, 548, 590
14, 587, 234
26, 003, 689
21,927,824
18, 293, 603
15, 528, 898
13, 095, 031
11,737,193
9, 433, 468
33, 319, 493
19, 996, 076
12, 823, 673
7, 852, 921
13, 577, 489
7, 522, 164
15, 961, 949
7, 952, 897
7, 093, 759
2,711,892
3, 453, 867
6-7
$287, 277
581, 126
675, 830
715, 987
753, 897
809, 730
854, 544
936, 314
950, 641
5, 394, 352
6, 573, 292
7, 382, 623
15, 546, 575
14, 979, 835
13, 703, 058
12, 360 137
10, 764, 770
9, 901, 995
8, 151, 607
29, 684, 506
18, 539, 227
11,943,309
7, 235, 098
12, 829, 183
7, 049, 272
15,113,327
7, 306, 176
7,061,314
2,711,892
3, 443, 152
7-8
8-9
9-10- - _
10-11
11-12
12-13
13-14
14-15.
15-20
$24, 064
86, 176
145, 514
455, 822
388, 212
403, 420
313,817
231, 022
267, 066
219, 864
820 207
445, 057
317, 283
284, 489
408, 534
222, 765
639, 848
365, 673
512
$2, 088, 788
20-25
3,084,671
25-30.. ..
3, 893, 236
30^0
40-50
8, 004, 642
7, 074, 975
50-60
6, 145, 424
60-70
4, 708, 274
70-80
3,913.910
80-90
3. 197, 786
90-100
2, 972, 885
100-150...
8, 850, 204
150-200
3, 936, 737
200-250...
3, 440 717
250-300 ...
1, 383, 526
300-400
1, 627, 379
400-500
918, 126
500-750
4, 094, 882
750-1,000
803, 594
1,000-1,500
1, 189, 241
1,500-2,000
220 386
2,000-3,000
10 715
3,000^,000
4,000-5,000
4, 992, 344
4, 992, 344
366, 069
5,000 and over
Total. .
156, 606, 028
239, 232, 390
6, 039, 345
401,877,763
71,915,452
• Nontaxable returns. Specific exemptions from normal tax exceed net income.
68
STATISTICS OF INCOME
Table 3. — Individual returns for 1932 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percentages
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Net income classes
(Thousands of dollars)
Returns
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.
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
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
5,000 and over.
Total...
359, 688
, 489, 589
967, 956
511,513
192, 242
102, 554
60, 612
39, 809
27, 401
20, 638
15, 156
11, 653
9,109
7,562
6,014
19, 169
10, 547
6,655
7,769
4,056
2,393
1,474
938
660
437
995
356
161
78
99
41
64
22
12
3
3
3,877,430
9.28
38.42
24.96
13.19
4.96
2.64
1.56
1.03
.71
.53
.39
.30
.23
.20
.16
.49
.27
.17
.20
.10
.064
.04
.025
.019
.013
.026
.0092
.005
.0021
.0026
.0012
.0017
.0006
.0003
.0001
.0001
'".'oooi'
100.00
3, 877, 430
3, 517, 742
2, 028, 153
1, 060, 197
548, 684
356, 442
253, 888
193, 276
153, 467
126, 066
105, 428
90, 272
78, 619
69, 510
61, 948
55, 934
36, 765
26, 218
19, 563
11, 794
7,738
5,345
3,871
2,933
2,273
1,836
841
485
324
246
147
106
42
20
8
5
2
100.00
90.72
52.30
27.34
14.15
9.19
6.55
4.99
3.96
3.25
2.72
2.33
2.03
1.80
1.60
1.44
.95
.68
.51
.31
.21
.146
.106
.081
.062
.049
.023
.0138
.0088
.0067
.0041
.0029
.0012
.0006
.0003
.0002
"".'oooi'
359, 688
1, 849, 277
2, 817, 233
3, 328, 746
3, 520, 988
3, 623, 542
3, 684, 154
3, 723, 963
3, 751, 364
3, 772, 002
3, 787, 158
3, 798, 811
3, 807, 920
3, 815, 482
3, 821, 496
3, 840, 665
3,851,212
3, 857, 867
3, 865, 636
3, 869, 692
3, 872, 085
3, 873, 559
3, 874, 497
3, 875, 157
3. 875, 594
3. 876, 589
3. 876, 945
3, 877, 106
3, 877, 184
3. 877, 283
3, 877, 324
3, 877, 388
3, 877, 410
3, 877, 422
3, 877, 425
3, 877, 428
'3,'877,'430"
47.70
72.66
85.85
90.81
93.45
95.01
96.04
96.75
97.28
97.67
97.97
98.20
98.40
98.56
99.05
99.32
99. 49 '
99.69
99.79
99. 854
99. 894
99. 919
99. 938
99. 951
99. 977
99. 9862
99. 9912
99. 9933
99. 9959
99. 9971
99. 9988
99. 9994
99. 9997
99. 9998
99. 9999
"ioo."o6"'
STATISTICS OF INCOME
69
Table 3. — Individual returns for 1932 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percent-
ages — Continued
Net income classes
(Thousands of dollars)
Net income
Simple distribution
Amount
Percent
of total
Cumulative distribution
from highest income
class
Amount
Percent
of total
Cumulative distribution
from lowest income
class
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
2(h25
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
$231,
2, 145,
2, 437,
1, 744,
852,
560,
391,
297,
232,
195,
158,
133,
113,
101,
87,
329,
235,
181,
267,
180,
130,
95,
70,
56,
41,
119,
60,
35,
21,
34,
18,
38,
19,
14,
5,
140, 093
834, 456
251, 365
981, 029
781, 509
295, 736
748, 038
169, 478
105, 243
720, 890
862, 195
929, 124
691, 554
996, 941
093, 749
512, 194
312, 187
778, 274
211, 998
648, 316
312,964
299, 127
077, 703
066, 829
449, 410
895, 876
915, 955
813, 184
278, 771
263. 351
205. 352
530, 709
343, 522
120,088
250, 023
579, 585
1.98
18.41
20.91
14.97
7.32
4.81
3.36
2.55
1.99
1.68
1.36
1.15
.97
.87
.75
2.83
2.02
1.56
2.29
1.55
1.12
.82
.60
.48
.36
1.03
.62
.31
.18
.29
.16
.33
.17
.12
.04
.06
$11,655,
11,424,
9, 278,
6, 841,
5, 096,
4, 243,
3, 683,
3, 291,
2, 994,
2, 762,
2, 566,
2, 407,
2, 273,
2, 160,
2, 058,
1,971,
1,641,
1, 406,
1, 224,
957,
776,
646,
651,
481,
424,
383,
263,
202,
166,
145,
111,
93,
54,
35,
21,
15,
756, 678
616, 585
782, 129
530, 764
549, 735
768, 226
472, 490
724, 452
554, 974
449, 731
728, 841
866, 646
937, 622
245, 968
249, 027
155, 278
643, 084
330, 897
552, 623
340, 625
692, 309
379, 345
080, 218
002, 615
935, 686
486, 276
590, 400
674, 445
861, 261
582, 490
319, 139
113,787
583, 078
239, 566
119, 468
869, 445
100. 00
98.02
79.61
58.70
43.73
36.41
31.60
28.24
25.69
23.70
22.02
20.66
19.51
18.54
17.67
16.92
14.09
12.07
10.51
8.22
6.67
5.66
4.73
4.13
3.65
3.29
2.26
1.74
1.43
1.25
.96
.80
.47
.30
.18
.14
$231,
2, 376,
4, 814,
6, 559,
7,411,
7, 972,
8, 364,
8, 661,
8, 893,
9, 089,
9, 247,
9,381,
9, 495,
9, 697,
9, 684,
10, 014,
10, 249,
10, 431,
10, 698,
10, 879,
11, 009,
11, 104,
11, 174,
11, 230,
11,272,
11, 392,
11,453,
11, 488,
11, 610,
11,544,
11, 662,
11,601,
11, 620,
11,634,
11,639,
11, 646,
140, 093
974, 549
225, 914
206, 943
988, 462
284, 188
032, 226
201, 704
306, 947
027, 837
890, 032
819, 166
610, 710
507, 651
601, 400
113, 594
425, 781
204, 065
416, 063
064, 369
377, 333
676, 460
754, 163
820, 992
270, 402
166, 278
082, 233
895,417
174, 188
437, 639
642, 891
173, 600
617, 122
637, 210
887, 233
466, 818
9, 289, 860
.08
9, 289, 860
11,655,756,678
1.98
20.39
41.30
56.27
63.59
68.40
71.76
74.31
76.30
77.98
79.34
80.49
81.46
82.33
83.08
85.91
87.93
89.49
91.78
93.33
94.45
95.27
95.87
96.35
96.71
97.74
98.26
98.57
98.75
99.04
99.20
99.63
99.70
99.82
99.86
99.92
loaoo
Total 11, 655, 756, 678
100.00
70
STATISTICS OF INCOME
Table 3. — Individual returns for 19S2 by net income classes, showing simple and
cumulative distribution of number of returns, net income and tax, and percent-
ages — 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
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
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
Total.
Simple distribution
Amount
$102, 827
12, 254, 359
9, 822, 223
10, 690, 784
10, 203, 731
8, 771, 801
7,598,111
6,911,337
6, 333, 228
6, 000, 422
5, 339, 721
4, 908, 191
4, 422, 365
4, 259, 473
3, 858, 915
14, 897, 433
12, 463, 919
10, 693, 998
17, 999, 047
14, 852, 849
12, 148, 179
10, 820, 624
9, 181, 121
8, 539, 407
6, 460, 583
24, 469, 289
16, 059, 339
9, 382, 956
6, 469, 395
11,950,110
6, 604, 038
11,867,067
7, 149, 303
5, 904, 518
2, 491, 506
3, 453, 867
4, 626, 275
329,962,311
Percent
of total
0.03
3.71
2.98
3.24
3.09
2.66
2.30
2.09
1.92
1.82
1.62
1.49
1.34
1.29
1.17
4.51
3.78
3.24
5.45
4.50
3.68
3.28
2.78
2.59
1.96
7.42
4.87
2.84
1.96
3.62
2.00
3.60
2.17
1.79
.76
1.05
1.40
100.00
Cumulative distribu-
tion from highest
income class
$329, 962, 311
329, 859, 484
317, 605, 125
307, 782, 902
297,092,118
286, 888, 387
278,116,586
270, 518, 475
263, 607, 138
257, 273, 910
251, 273, 488
245, 933, 767
241,025,576
236,603,211
232, 343, 738
228, 484, 823
213, 587, 390
201, 123, 471
190, 429, 473
172, 430, 426
157, 577, 577
145, 429, 398
134, 608, 774
125, 427, 653
116,888,246
110,427,663
85, 958, 374
69, 899, 035
60, 516, 079
54, 046, 684
42, 096, 574
35, 492, 536
23, 625, 469
16, 476, 166
10, 571, 648
8, 080, 142
4, 626, 275
Percent
of total
100.00
99.97
96.26
93.28
90.04
86.95
84.29
81.99
79.90
77.98
76.16
74.54
73.05
71.71
70.42
69.25
64.74
60.96
57.72
52.27
47.77
44.09
40.81
38,03
35.44
33.48
26.06
21.19
18.35
16.39
12.77
10.77
7.17
5.00
3.21
2.45
1.40
Cumulative distribu-
tion from lowest
income class
$102, 827
12, 357, 186
22, 179, 409
32, 870, 193
43, 073, 924
51,846,725
59, 443, 836
66, 355, 173
72, 688, 401
78, 688, 823
84, 028, 544
88, 936, 736
93, 359, 100
97, 618, 573
101, 477, 488
116,374,921
128, 838, 840
139, 532, 838
157,-631, 885
172, 384, 734
184, 632, 913
195, 353, 537
204, 534, 658
213, 074, 066
219, 534, 648
244, 003, 937
260, 063, 276
269, 446, 232
275, 915, 627
287, 865, 737
294, 469, 775
306, 336, 842
313, 486, 145
319, 390, 663
321, 882, 169
325, 336, 036
329, 962, 311
Percent
of total
0.03
3.74
6.72
9.96
13.05
15.71
18.01
20.10
22.02
23.84
25.46
26.95
28.29
29.58
30.75
35.26
39.04
42.28
47.73
52.23
55.91
59.19
61.97
64.56
66.62
73. 94
78.81
81.66
83.61
87.23
89.23
92.83
95.00
96.79
97.55
98.60
100.00.
STATISTICS OF INCOME
71
Table 4. — Individual returns for 1932 by States and Territories, showing number
of returns and net income by sex and family relationship
[Money figures in thousands of dollars]
JFor tert definin?: certain items and describing methods of tabulation and estimating data, see pp. 1-5]
States and Territories
Joint returns of hus-
bands and wives,
with or without de-
pendent chUdren,
and the returns of
husbands whose
wives, though living
with them, file sepa-
rate returns
Number of
returns
Net
income
Single men— heads
of families
Number
of
returns
Net
income
Single women-
heads of families
Number
of
returns
Net
income
Single men — not
heads of families
Number
of
returns
Net
income
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia-
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana.
Nebraska
Nevada..
New Hampshire
New Jersey
New M«xieo
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.
10, 934
4.563
6,348
136, 623
16,047
37, 053
4,492
27, 764
16, 285
17, 869
6,756
2,882
129, 807
35, 067
21, 252
17, 201
16,212
16,700
10, 587
39, 810
109, 997
69, 387
31,296
6,589
52, 445
5,163
13, 808
1,782
7,792
109, 427
3,082
394, 523
15,388
5,586
94, 336
21, 208
13, 945
162, 723
13,682
7,255
4,942
17,429
54, 920
6,713
4,381
24, 274
27,900
14, 174
48, 876
3,830
35,313
13,481
17, 481
409, 574
52, 161
152, 909
26, 965
114, 038
57, 283
64, 230
24, 427
8,277
534, 447
115,433
70, 376
51, 887
56,912
46, 965
39,041
157,718
410,571
231, 689
114, 235
15,588
192,891
18, 372
44,951
5,610
26, 635
436, 378
9,019
1, 670, 097
53, 425
13,280
353, 276
63, 443
40, 884
606, 000
56, 460
21, 036
12,873
59, 116
147, 117
20, 287
15, 519
82, 552
73, 588
48, 171
130, 506
11,059
2,009
449
682
16, 277
2,476
6,048
584
2,567
2,034
1,620
923
375
21, 745
4,122
5,110
1,403
2,182
2,459
1,074
4,510
19, 058
8,149
3,228
677
5,301
573
1,844
243
850
18, 867
219
46, 160
1,366
276
12,812
1,562
1,485
29, 125
2,226
656
316
2,428
4,903
589
1,011
2,161
3,758
1,996
4,287
478
4,168
985
1,455
38,016
5,453
14, 914
1,696
7,863
5,111
4,319
1,951
829
54, 769
9,368
10, 420
3,319
6,038
5,739
2,653
12,452
45,163
17,880
7,547
1,297
13, 666
1,278
3,806
606
1,918
44, 964
542
135,568
3,415
596
30, 397
3,545
2,963
68, 570
5,646
1,486
643
5,473
11,316
1,175
2,258
6,909
7,460
4,271
9,097
983
1, 921, 105
7, 033, 542 265, 263
872
213
319
11,013
1,057
4,207
467
4,091
1,128
1,421
296
180
15, 137
2,166
2,004
804
1,758
2,090
641
3,043
12,841
3,609
1,531
362
3,629
305
830
64
547
9,860
125
36, 158
614
138
7,667
840
1,120
12, 960
1,670
307
134
1,362
2,904
300
655
1,406
1,994
916
1,672
124
1,731
481
705
26, 448
2,472
10, 938
2,003
9,143
2,576
3,204
916
300
30, 244
3,985
3,661
1,524
3,427
4,167
1,537
7,904
26, 769
8.235
3,442
691
8,245
582
1,598
236
1,189
25, 773
303
93, 956
1,694
238
16, 075
1,724
1,921
33, 403
4,113
• 672
233
2,631
6,099
530
1,153
3,437
3,621
1,953
3,423
263
4,449
2,058
1,856
66, 437
6,919
18, 259
2,104
15, 090
5,409
5,492
2,594
1,400
69, 122
13, 180
8,444
6,764
6,526
6,660
4,027
20, 099
49, 325
28,297
16,266
1,623
20, 995
2,813
6,172
1,665
3,375
42, 714
1,137
156, 692
4,382
1,827
42, 443
4,631
6,062
72, 936
6,432
2,150
1,960
6,228
19, 775
1,896
2,287
8,437
14,010
6,699
22, 632
1,843
7,819
3,768
2,989
128,845
11,929
37, 641
5,482
35, 388
11,061
9,937
4,886
2,167
134, 844
22, 013
14, 469
9,068
11,879
10, 168
8,631
44, 306
102, 059
50, 603
28,188
2,220
40, 952
5,420
8,936
2,725
6,435
82, 664
2,094
369, 765
7,769
2,692
81, 103
8,096
7,879
154, 104
14, 184
3,156
2,768
11,845
36, 244
2,833
4,028
15, 651
23, 817
12,037
34, 360
2,921
629,946 169,140 371,348 820,362 1,644,610
' Includes Alaska.
72
STATISTICS OF INCOME
Table 4. — Individual returns for 1932 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
Single women—
not heads of fami-
lies
Number
of
returns
Net
income
Wives filing
separate returns
from husbands
Num-
ber of
returns
Net
income
Community -
property in-
come '
Num-
ber of
returns
Net
income
Orand total
Number
of returns
Net
income
Alabama..
Arizona
Arkansas
California
Colorado.
Connecticut
Delaware.. .-
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois.
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri.
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexcio
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
2,086
1,068
1,005
48, 222
3,534
18, 702
1,840
22, 915
3,827
4,720
1,388
629
45, 680
8,372
5,202
4,069
5,203
4,192
4,078
13, 889
61, 555
16, 423
8,560
1,168
11, 918
1,146
3,498
274
2,835
32, 622
629
148, 236
3,745
991
27, 626
3,089
3,946
50, 692
5,980
1,364
940
3,637
11, 056
975
2,053
6,292
6,679
2,779
12, 826
428
3,624
1,819
1,696
98, 262
7,882
43, 856
5,992
41, 689
8,494
8,220
3,683
897
89, 487
13, 433
9,027
6,308
9,888
7,442
8,887
33, 487
117, 802
30, 910
15, 262
1,620
25, 230
2,075
5,725
634
6,177
73, 351
1, 294
368, 937
7,013
1,317
57,088
4,873
5,941
118, 664
16, 198
2,158
1,288
7,253
20, 028
1,560
3,848
11,875
9,833
5,640
22, 128
679
330
359
140
8,641
504
2,039
335
1,074
620
608
235
212
5,397
815
612
412
574
1,699
460
1,872
6,990
1,650
939
129
1,520
87
351
131
339
4,422
279
16,916
477
71
3,367
502
287
6,035
691
170
74
459
5,449
151
152
566
1,997
409
1,364
93
1,365
1,034
390
32, 815
2,180
14, 650
3,889
5,355
3,926
2,973
1,414
562
29, 150
4,376
1,900
1,440
2,341
4,717
2,332
9,750
33, 027
10, 484
5,098
269
9,728
495
991
452
1,501
26, 557
643
126, 031
3,674
169
18, 374
1,685
931
42, 505
5,262
572
151
2,298
13,864
643
737
2,804
5,146
1,588
4,330
295
190
1,797
8,437
107,086
80
657
1,174
12, 978
53
605
103
772
3,959
44, 865
1,096
10, 232
20, 680
8,900
10, 360
295, 650
30, 537
86, 308
9,822
73, 501
29, 303
31, 730
12, 192
■6, 758
286, 888
63, 722
42, 624
29, 643
32, 454
33, 974
20, 867
83, 223
249, 766
127, 615
61, 810
10, 548
95, 808
10, 087
25, 503
4,102
15, 738
217,812
6,574
798, 685
25,972
8,889
188, 141
31,832
25, 845
334, 471
30, 581
11,902
8,356
31, 543
102, 966
10, 624
10, 439
43, 136
56, 434
26, 872
91, 557
6,796
54,020
23, 355
24, 716
841, 048
82, 078
274, 909
46,026
213, 476
88, 452
92, 883
37, 277
13, 689
872, 941
168, 608
109, 842
73, 547
89, 485
92, 164
62, 981
265, 619
735, 391
349, 800
173, 772
21, 585
290, 702
28, 222
66,007
10,868
43, 855
689, 687
14, 666
2, 764, 354
76,990
18, 182
556, 313
83, 367
60, 520
1, 023, 234
101, 863
29, 081
17,956
88, 515
279, 533
27, 028
27, 543
122, 228
133, 697
73,660
203, 833
16,190
623, 483
1, 350, 466
83,005
446, 852
15, 092 178, 993
3,877,430
11. 655, 757
' Includes Alaska.
^ See footnote 2 on p. 7.
STATISTICS OF INCOME
73
Table 5. — Individual returns for 1932 by net income classes, showing number of
returns and net income by sex and family relationship
[Money figures and net income classes in thousands of dollars]
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5]
Joint returns of hus-
bands and wives,
with or without de-
pendent
and the
children,
returns of
Single men— heads
Sinele women-
Single men— not
of families
heads of families
heads of families
husbanc
s whose
wives, thoueh livinr;
Net income classes
with them, file sepa-
rate returns
1
Number of
Net
Number
of
returns
Net in-
Number
of
Net
Number
of
Net
returns
income
come
returns
mcome
returns
income
Under 1 (estimatedl '.
137, 357
77, 825
12, 307
7,478
7,682
4,927
107, 835
74,094
Under 1 (estimated)...
835
482
78
54
10
7
339
188
1-2 (estimated) i
286. 586
439, 644
130, 232
196, 685
103, 502
149, 893
79. 433
105, 545
1-2 (estimated)..
6.097
9,831
548
926
338
542
448, 655
644, 332
2-3 (estimated) i
545. 585
1, 382, 556
63, 089
149, 863
25, 809
60, 481
6, 485
15, 370
2-3 (estimated)
128, 547
352, 169
7,479
20, 332
2,421
6,540
106, 691
255, 997
3-4 (estimated) i
181, 008
601, 909
7,192
23, 727
3,440
11,582
2, 155
7,447
3-4 (estimated)
241, 762
838, 997
12, 637
43, 818
4,132
14, 368
27, 119
92, 565
4-5 (estimated) i
20, 624
89, 646
779
3,412
977
4.332
1,387
6,223
4-5 (estimated)..
129, 801
576, 600
6,596
29, 372
2,401
10, 786
11,939
53,234
5-6 1
6,514
69, 636
43, 506
27, 837
35, 539
380. 255
281, 067
207, 732
393
3,952
2,563
1,631
2,146
21, 603
16, 578
12, 170
576
1, 4.59
1,288
918
3,155
7,993
8,342
6,853
951
5,961
4,347
3, 053
5,218
5-6 -
32, 588
6-7
28,102
7-8_
22, 825
8-9
18, 607
13,811
9,713
7,351
5,601
4,550
157,584
130,966
101. 793
84, 397
69, 901
61,373
1,140
805
616
480
366
283
9,629
7,640
6, 452
5,518
4,574
3,814
710
491
436
350
26S
223
6,023
4,661
4,577
4,027
3,353
3,010
2,139
1,661
1,323
1,028
832
703
18, 124
9-10
15, 740
10-11
13, 856
11-12.
11,784
12-13
10, 390
13-14
9,480
14-15
3,665
11,322
6,128
3,802
4,466
2,231
1,297
805
528
360
239
506
180
85
43
48
53. 057
194, 512
136, 799
103, 837
1,53,545
99,244
70 676
51, 936
39, 410
30, 548
22, 708
60. 696
30, 909
18, 945
11,714
16,612
219
660
379
235
251
126
78
44
31
17
10
19
7
4
1
2
3,175
11,315
8,429
6.436
8,653
5,625
4,240
2,870
2,321
1,470
942
2,300
1,189
878
(2)
749
176
537
304
178
212
105
61
41
22
16
10
22
11
4
2
2
2,551
9,278
6,797
4,854
7,351
4,659
3,331
2,633
1,645
1,347
941
2,701
1.941
931
579
681
544
1,889
1,054
675
837
418
275
158
100
71
45
131
57
22
8
16
7,883
15-20
32,485
20-25
23, 512
25-30
18, 453
30-40
28,836
40-50
IS, 702
50-60. -.
15, 017
60-70-. .
10, 293
70-80.
7.459
80-90.
6.047
90-100 --
4, 286
100-150
15, 940
150-200
9.727
200-250 -
4,941
250-300.
2,168
300-400
5,458
400-500 ..
23
10, 386
2
(2)
4
1.800
500-750...
30
17, 961
2
(2)
3
1,698
9
5, 521
750-1,000
9
7,763
1
(2)
2
(2)
1,000-1,.500
4
4,858
1
(2)
1
(2)
I
(2)
1,500-2,000
2
3.602
2,000-3,000
2
4,368
3,000-4,000
4,000-5.000
2
9,290
5.000 and over
3,561
1,981
2,979
Total
1, 921, 105
7, 033, 542
255, 253
629, 946
159, 140
371, 348
820, 352
1,644,610
Nontaxable returns ' _ .
1, 177, 674
2, 627, 120
213, 992
383. 310
141, 986
234, 369
198, 246
213,898
Taxable returns..
743, 431
4, 406, 422
41, 261
246, 636
17. 154
136, 979
622, 106
1, 430. 712
' Nontaxable returns. Specific exemptions from normal tax exceed net income.
i Classes grouped to conceal identity of taxpayer.
74
STATISTICS OF INCOME
Table 5. — Individual returns for 1932 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 (estimated) •
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) '
3-4 (estimated)
4-5 (estimated) '
4-5 (estimated)
5-6'
5-6
6-7
7-8
8-9 --
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
30-40
40-50
50-60 -.-.
60-70
70-80
80-90
90-100
100-150.
150-200
200-250
250-300
300-400
400-500
50&-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 '.
Taxable returns
Single women —
not heads of fami-
lies
Number
of
returns
75, 749
468
87, 202
328, 235
9,090
60, 899
4,339
18, 099
2,344
8,386
1,573
4,237
4,030
2,897
2,186
1,756
1,452
1,138
936
811
679
2,272
1,254
852
971
555
303
209
123
92
67
165
43
23
6
19
6
10
5
2
623, 483
180, 297
443, 186
Net
income
56, 848
262
112,670
458, 122
22, 077
142, 496
14, 998
62,041
10, 428
37, 470
8,634
23,191
26, 085
21, 643
18, 554
16, 656
15, 224
13, 193
11, 682
10, 933
9,831
39, 125
27, 945
23,270
33, 239
24, 682
16, 469
13, 526
9,207
7,823
6,356
19, 853
7,315
4,989
1,600
6,678
2,520
6,079
4,254
2,497
1,350,466
225, 656
1,124,810
Wives filing
separate returns
from husbands
Num-
ber of
returns
10, 058
6,970
9,735
9,026
4,086
7,775
2,353
7,277
1,523
5,485
1,169
2,172
2,394
1,713
1,414
1,199
948
782
670
592
427
1,594
973
634
730
420
266
155
99
81
56
118
48
20
16
7
6
6
3
3
1
1
83,005
28, 924
54, 081
Net
income
5,289
3,687
13, 942
13, 701
10, 029
19, 341
8,155
25, 374
6,794
24, 483
6,417
11,899
15,514
12, 791
11,986
11,399
9,938
8,982
8,357
7,989
6,186
27, 494
21, 694
17,284
25, 220
18, 751
14, 439
10, 019
7,428
6,877
5,268
14, 189
8,130
4,482
4,432
2,493
2,659
3,713
2,747
(2)
(2)
(2)
7,279
446, 852
50, 627
396, 225
Community
property in-
come 3
Num-
ber of
returns
216
3,745
2,484
1,760
1,205
915
668
524
436
400
304
895
455
279
302
201
113
62
35
23
10
34
10
3
2
5
15, 092
216
14, 876
Net
income
1,188
20, 469
16, 060
13, 155
10, 206
8,659
7,022
6,028
5,435
5,398
4,411
15, 304
10, 137
7,644
10, 368
8,986
6,140
4,023
2,607
1,955
948
4,218
1,705
647
521
1,592
2,380
1,786
178, 993
1,188
177, 805
Grand total
Number
of returns
350, 988
8,700
696, 690
792, 899
654, 144
313,812
200, 487
311,026
27, 634
164, 608
11,392
91, 162
60, 612
39, 809
27, 401
20, 638
15, 156
11,653
9,109
7,562
6,014
19, 169
10,547
6,655
7,769
4,056
2,393
1,474
938
660
437
995
356
161
78
99
41
64
22
12
3
3
3, 877, 430
1,941,335
1, 936, 095
Net
income
226, 460
4,680
1, 018, 380
1, 127, 455
1, 640, 377
796, 874
667, 818
1,077,163
120, 836
731, 946
62, 297
497, 998
391, 748
297, 169
232, 105
195, 721
158, 862
133, 929
113,692
101, 997
87, 094
329, 512
235. 312
181, 778
267, 212
180, 648
130. 313
95, 299
70, 078
56, 067
41, 449
119,896
60, 916
35,813
21, 279
34, 263
18, 205
38, 530
1«,344
14,120
5,250
6,580
9,290
11,665,767
3, 736, 169
7, 919, 688
> Nontaxable returns. Specific exemptions from normal tax exceed net income.
' Classes grouped to conceal identity of taxpayer.
* See footnote 2 on p. 7.
STATISTICS OF INCOME
75
Table 6. — Individual returns for 1932 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 methods of tabulating and estimating data, see pp. 1-5]
States and Territories
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia.
Florida
Georgia..
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan...
Minnesota
Mississippi
Missouri
Montana
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 3
West Virginia
Wisconsin
Wyoming
Sources of income
Wages
and
salaries
42, 785
17, 769
19, 257
574, 456
55, 260
170, 053
21, 103
174, 046
54, 930
75, 458
26, 864
10, 903
688, 258
134, 046
78, 592
49, 563
65, 326
69, 393
37, 267
181,412
465. 824
279, 413
127, 490
18, 790
223,990
20,340
49, 053
7,623
25, 495
504,880
10,003
, 727, 701
57,284
14, 525
434, 080
68, 658
46, 304
686, 374
62,048
23,988
13,258
70, 868
197, 863
21,435
18, 585
90, 013
100. 825
55, 769
155, 501
U, 997
Total 8, 136, 717 1, 294, 952 482, 863
Business
6,370
3,740
4,833
114,770
10, 872
27, 116
3,401
18, 394
10,405
9,080
3,626
2,416
80,484
22, 360
21, 490
14, 078
11,240
11,462
8,498
24, 024
78, 522
41,500
23, 737
3,931
29,202
3,600
11,191
1,555
6,696
65, 023
2,600
266, 714
8,309
2,865
56, 635
12, 742
10,388
115,112
8,054
4,029
3,670
10, 481
44,762
3,445
3,063
13,950
19,845
9,150
22, 748
2,874
Partner-
ship
Profit from sale
of real estate,
stocks, bonds,
etc.
Reported
for tax on
capital
net gain 2
3,323
1,207
2,073
34, 103
3,725
6,728
1,118
5,279
4,254
3,643
991
419
35, 914
7,613
5,126
4,462
3,930
4,863
1,602
8,343
24, 127
10, 221
7,719
1,298
10, 865
963
3,549
675
1,345
19,233
671
147, 242
2,
816
18, 240
5,383
3,253
33,280
2,524
1,339
919
4,308
20,831
1,189
733
4,806
4,896
2,746
7,397
591
3,502
108
589
872
284
140
992
38
3,827
469
196
1.370
182
1,891
429
668
2,596
4,160
345
1,744
1
92
9
137
2,275
12, 879
774
321
42
4,125
382
25
103
2,279
564
6
92
317
36
247
1
All
other
379
287
270
10, 815
935
2,590
513
1,279
882
858
189
124
7,763
1,213
706
1,092
805
1,081
492
2,176
5,209
4,513
1,635
177
2,750
200
505
75
332
5,546
238
27, 201
666
66
4,075
1,167
559
7,971
1,013
227
310
805
7,204
254
145
1,103
1,081
873
2,294
170
Rents
and
royalties
3,633
1,565
2,211
63, 931
4,361
10, 823
1,182
9,003
5,577
5,790
1,905
742
38, 249
8,723
7,126
7,790
5,630
7,542
2,518
11, 659
20, 734
15,723
7,057
1,515
15, 170
1,128
3,418
654
2,095
23,260
1,056
76, 596
4,731
888
27, 866
8,788
3,385
37, 987
3,887
1,796
1,200
4,984
36, 056
978
926
7,119
6,389
4,761
9,068
812
Interest
on Gov-
ernment
obliga-
tions not
wholly
exempt
from tax
85
59
62
1,511
305
611
105
512
395
131
29
22
2,317
1,006
222
177
405
247
266
504
1,410
593
489
27
1,329
85
105
42
99
944
19
5,704
162
8
3,608
215
112
2,515
251
68
17
218
883
23
53
301
257
327
320
35
Divi
dends on
stock of
domestic
corpora'
tions
5,712
1,615
1,441
120,041
12,714
77, 944
23, 648
17, 547
18, 798
15, 087
8,154
741
121, 188
21,205
10, 698
5, 940
16,109
9,355
12,004
45, 517
156, 206
50,609
23,568
1,499
45, 714
2,856
5,547
1,544
9,390
108, 216
1,150
544, 559
23,559
803
95, 593
5,845
4,237
201, 746
26,760
2,819
1,221
11,029
27, 519
2,979
4,377
18, 387
10,880
12, 704
24, 243
1,116
50,074 112,814 529,989 29,1881,972,133 310,949
Fidu-
ciary '
1,023
374
321
18,826
1,299
9,316
1,581
4,621
3,740
1,148
826
59
17,972
1,554
1,175
747
2,127
891
1,970
11,668-
21, 633
5,092
2,984
79
5,200
222
556
278
977
18, 705
357
98, 186
964
95
11,032
629
740
43,460
3,395
570
93
1,651
4,043
233
520
2,739
1,231
673
3,142
232
For footnotes, see p. 76.
61684—34-
76
STATISTICS OF INCOME
Table 6. — Individual returns for 19S2 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— Con.
Deductions
Net loss
from sale
of real
Net
Net
loss for
States and
Interest
estate,
stocks,
bonds,
etc., other
than re-
loss
from
busi-
ness
and
Net in-
Territories
other
than
tax-
Other
income
Total
income
Con-
tribu-
tions
All
other 3
Total
come
prior
year *
exempt
ported for
tax credit
on capital
net loss 2
part-
ner-
ship
4,492
2,020
1,801
86, 034
609
587
498
11,127
68, 488
29, 222
32, 766
1,039.116
1.355
540
446
25, 442
491
392
366
11, 125
1,533
368
800
13, 528
11,089
4,568
6,437
147, 972
14, 468
5,867
8,050
198, 069
54, 020
23, 355
24, 716
841, 048
103
73
92
California
1,532
Colorado, -
9,787
28, 208
1,546
3, 084
100,911
337, 062
2,487
11, 290
1,020
1,707
1,858
7,653
13, 468
41, 503
18, 833
62, 153
82, 078
274, 909
140
Connecticut
805
Delaware-
4,472
527
58, 522
1,215
646
1,699
8,936
12, 496
46, 026
33
Dist. Columbia. -
13, 474
3,230
247, 669
3,083
801
4,647
25, 662
34, 193
213, 476
145
Florida
11, 194
1,644
111,958
2,76C
1,04C
2,055
17, 651
23, 507
88, 452
482
Georgia
4,850
1,533
895
82, 419
6,631
9,894
5,126
5,765
1,099
637
260
12, 423
3,107
2,247
1,827
1,785
118, 136
44,793
16, 581
1, 090, 815
207, 927
137, 473
92, 172
113, 304
2, 653
548
176
37, 470
4,201
2,398
1,157
3,052
980
447
213
7,765
1,718
1,031
1,393
1,256
2,627
613
184
21, 361
4,391
2,573
1,806
2,668
18, 993
5, 908
2,319
151, 277
29, 009
21, 629
14, 270
16, 843
25, 253
7,516
2,892
217, 873
39, 319
27, 631
18, 625
23, 820
92, 883
37, 277
1.3. 689
872, 941
168, 808
109, 842
73, 547
89, 485
298
Hawaii
9
9
6,517
185
ai9
Kansas .- ..
- 143
Kentucky
49
Louisiana
8,407
2,443
117, 576
3,320
1,118
1,961
19, 012
25, 411
92, 164
272
Maine
9,979
1,59S
76, 624
2,541
578
1,471
9,053
13, 64S
62, 981
68
Maryland
26, 943
5,020
317, 933
7, 878
2,020
5,798
36, 618
52, 314
265, 619
334
Massachusetts- --
94, 235
9,390
879, 886
26, 672
3,650
17, 048
97, 126
144, 495
735, 391
876
Michigan -
25, 786
4,217
441, 827
11, 007
2,563
8,284
70, 174
92, 027
349, 800
387
Minnesota -
16, 830
2,657
214,511
6,435
1,439
4,749
28, 116
40, 739
173, 772
76
Mississippi-
1.098
490
29, 504
400
445
797
6,277
7,919
21, 585
133
Missouri- -
22, 896
3,162
362, 022
9,830
2,224
8,888
50, 37S
71,321
290, 701
411
Montana — - .
1,976
6,393
1,521
1,056
32, 892
80, 466
415
1,514
321
751
429
1,663
3,506
10, 531
4,670
14,459
28, 222
66, 007
U
Nebraska
165
Nevada
608
4,716
130
780
13, 195
51, 962
223
1,109
147
294
86
900
1,871
5,804
2,327
8,107
10, 868
43, 865
27
New Hampshire .
9
New Jersey -
76, 367
8,931
833, 380
18, 135
3,773
17, 175
104, 610
143, 693
689, 687
473
New Mexico -
1,258
308
17, 660
235
219
152
2,388
2,994
14, 666
65
New York
308, 394
195, 476
3, 410, 653
106, 631
23, 410
81,086
435, 171
646, 298
2, 764, 354
10,011
North Carolina- -
2,014
1,460
102, 909
1,793
828
3,347
19, 951
25, 920
76, 990
82
North Dakota
1,109
1,040
22, 215
199
379
379
3,076
4,033
18, 182
2
Ohio .
25, 580
4,288
7,596
2,030
685, 194
110. 066
16, 945
1,761
3,658
1,425
16, 391
2,073
91, 887
21, 439
128, 881
26, 698
566, 313
83, 367
551
Oklahoma- -.
290
Oregon
5,244
786
75, 050
1,538
658
972
11,362
14, 530
60, 520
95
Pennsylvania
115, 493
14, 251
1, 262, 314
28, 954
16, 674
32, 787
160, 665
239, 080
1, 023, 234
1,609
Khode Island
13, 432
1,133
122, 880
3,968
977
2,873
13, 198
21,016
101, 863
130
South Carolina-
2,222
572
37, 656
593
374
1,129
6,479
8,575
29, 081
59
South Dakota
1,151
405
22, 243
188
263
340
3,496
4,287
17, 956
44
Tennessee
5,397
1,475
111,319
1,944
850
2,768
17, 242
22, 804
88, 515
177
Texas
21, 456
6,566
369, 461
5,533
5,890
6,088
72, 418
89, 928
279, 533
1,227
Utah
1,881
738
33, 718
863
312
589
4,926
6,690
27, 028
Vermont --
3,009
445
31, 862
526
185
654
2,954
4.319
27, 543
65
Virginia
9,981
2,123
150, 614
2,799
1,178
4,163
20, 246
28, 386
122, 228
108
Washington «
11,214
1,866
158, 800
3,114
1,266
1,879
18, 844
25, 103
133, 697
206
West Virginia
2,038
1,047
90, 124
1,757
552
1,795
12, 360
16, 465
73, 660
87
Wisconsin
31, 203
3,341
259, 503
6,104
1,545
4,720
43, 301
55, 670
203, 833
155
Wyoming---
1,006
311
19, 145
246
302
211
2,196
2,955
16, 190
66
Total
1, 141, 799
330,602
14,392,080
375, 445
112, 659
304, 009
1, 944, 209
2, 736, 323
11,655,767
28, 984
' For explanation of item, see p. 10.
' Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and
bonds, see p. 209.
' 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 ex-
clude in all years, amounts for net incomes under $5,000.
» Includes Alaska.
STATISTICS OF INCOME
77
Table 7. — Individual returns for 19S2 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. l-5l
Net income classes
Under 5 (est.) .
5-6 -.
6-7 — .
8-9 --
9-10 -
10-11 — ■--
11-12
12-13
13-14 -
14-15
15-20
20-25
25-30
30-40...
40-50-
50-60
60-70
70-80
80-90
90-100
100-150
150-200 -
200-250
250-300
300-400
400-500
-500-750..
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-...
Sources of income
Wages
and
salaries
Busi-
ness
Partner-
ship 1
, 079. 462
412,757
270, 370
194, 354
143, 470
115, 974
88. 4391
71,291
57, 1841
48, 8461
40, 956
142, 953
93, 656
66,6211
94, 3371
55, 474'
37, 998
25, 998'
19, 918|
14. 460!
8, 570i
25, 997;
10, 668
5, 653!
2,004
2,853'
1, 571
2, 514
1. 601
478
34
253
940, 464
67, 696
47, 115
34, 496
26, 064
21, 402
15, 693
13, 088
10, 530
9,668
7,631
26,253
16, 687
12, 672
14, 185
9,
5,683
4,116
2,855
1,500
1,681
3.359
402
430
336
668
100
363
8, 136, 717
1, 294, 952
198, 239
29, 350
22,425
19, 413
15, 261
12, 741
10, 747
9,188
8,288
6,736
6,249
23,757
18,788
14, 492
21,559
16, 096
11, 352
8,043
5,847
2,803
3,342
8,416
4,196
1,935
1,680
382
886
541
2
11
99
482, 863
Profit from
sale of real
estate, stocks,
bonds, etc.
Ee-
ported
for tax
on cap-
ital net
gain 2
193
709
1,169
3,953
3,174
3,316
2,577
1,876
2,143
1,763
6,714
3,
2,
2.431
3,310
1,782
5,779
2,925
50, 074
All
other
41, 171
6,360
5,166
4,654
4,042
3,
3,104
2,707
2,434
2,044
1,773
8,702
5,240
3,636
4,439
2,923
2,345
1,209
568
724
233
1,742
549
222
370
673
55
38
1,810
1
112, 814
Rents
and
royal-
ties
Interest
on Gov-
ernment
obliga-
tions
not
wholly
exempt
from
tax
369, 744
23,016
17,540
12.839
10, 107
8,195
7,056
6,242
5,153
4,429
3,542
14,004
9,944
6,544
8,710
6,152
3,392
2,059
2,247
1,499
1,003
3,371
1,051
644
201
230
266
523
273
5
529, 989
2,267
2,007
1,801
1,555
1,404
1,151
1,139
856
813
3.162
2, 370
1,773
2,358
1,612
1,097
826
433
443
243
845
310
112
184
163
33
139
21
Divi-
dends on
stock of
domestic
corpora-
tions
Fidu-
ciary J
431, 508
81, 862
68, 584
63, 080
54, 173
51, 066
45, 798
39, 737
36, 336
33, 775
29. 038
121, 651
88, 627
67, 921
112, 390
84, 322
69,634
55. 429
42,462
37, 116
27, 583
84, 459
47, 878
29. 039
16, 720
31, 149
15, 203
39, 335
14,904
16, 642
6,189
6,403
29,188
22,120
1, 972, 133
93, 339
16, 792
14, 548
12, 038
10, 495
10, 133
9,103
7,676
6,664
6,608
5,397
21, 974
17, 176
13, 774
19, 921
12, 212
7,482
5,478
3,441
2,681
2,237
5,144
1,655
1,204
827
334
1,121
952
426
117
310, 949
1 For explanation of item see p. 10.
' Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and
bonds, see p. 209
78
STATISTICS OF INCOME
Table 7. — Individual returns for 1932 by net income classes, showing sources of
income and deductions, net income, and net loss for prior year — Continued
Net income
classes
Under 5 (est.)
5-6
6-7
7-8
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
6,000 and over
Sources of income-
Continued
Interest
otiier
than
tax-
exempt
Other
605, 258
58, 448
45, 873
37, 564
30, 572
26, 116
21, 853
18, 846
16, 289
14, 827
12, 478
47, 082
34, 941
26, 968
39,183
25, 986
16, 635
11,666
7,704
6,635
4,996
12, 015
4,806
3,054
1,526
3,348
1,575
2,211
568
1,316
96
93
Total
income
1,271
263, 249
9,914
5,519
4,244
3,897
3,135
2,470
2,334
1,733
1,704
1,443
5,511
3,700
3,156
4,814
3,152
1, """
1,193
923
863
661
1,075
1,640
240
283
670
61
521
617
168
2
1
Deductions
Net loss
from sale
of real
estate,
stocks,
bonds,
etc., other
than re-
ported for
tax credit
on capital
net loss 2
Net loss
from
busi-
ness
and
part-
ner-
ship
Total . . . 1,141,799 330, 602 14, 392, 080
, 022, 434
706, 195
499, 407
384, 689
299, 882
254, 197
205, 667
172, 260
145, 750
129, 493
109, 320
415, 242
291, 838
218, 726
325, 849
220,911
160, 622
118,594
88, 274
70, 867
52, 312
153, 137
76, 764
45, 179
26, 562
43, 780
22, 553
52, 653
23, 610
18, 757
6,427
6,807
23,422
200, 818
28,630
24,016
21, 346
16, 283
13, 933
10, 725
8,203
7,124
5,363
4,058
11,732
4,901
2,605
2,890
2,380
1,250
1,334
758
1,090
343
1,977
859
371
276
608
141
244
421
494
305
Con-
tribu-
tions
66, 687
4,142
3,343
2,618
2,167
2,022
2,061
1,370
1,260
986
786
4,669
3,256
1,739
2,954
2,467
1,874
1,453
1,671
952
455
2,009
834
228
264
483
165
438
244
162
All
Other 3
375, 445
112,659
164, 163
14, 731
10, 696
8,380
6,620
5,701
4, ,582
3,868
3,290
2,951
2,492
9,823
6,983
5,422
8,434
6,436
5,145
3,934
3,077
2,550
1,933
5,844
3,502
2,164
1,006
2,626
1,166
2,699
1,038
1,296
73
46
1,639
304, 009
Total
1,179,777
98, 497
69, 704
66, 276
42, 807
36, 820
29, 437
24,890
20, 384
18,206
14, 890
69, 506
41, 386
27, 182
44,359
28,980
22, 040
16, 574
12, 690
10, 208
8,131
23,411
10, 653
6,603
2,738
6,000
2,876
10, 741
2,463
3,685
799
179
Net
income
Net
loss
for
prior
year *
12, 318
1, 944, 209
1,610,445
146, 900
107, 659
87, 520
67, 777
58, 476
46, 805
38, 331
32, 058
27, 496
22, 226
86, 730
56, 526
36, 948
58, 637
40, 263
30, 309
23, 296
18, 196
14, 800
10, 862
33, 241
16, 848
9,366
6,283
9,517
4,348
14, 122
4,166
4,637
1,177
227
14,132
7,411,
660, 295
391, 748
297, 167
232, 105
195, 721
158, 862
133, 929
113,692
101, 997
87, 094
329, 512
236, 312
181, 778
267, 212
180, 648
130, 313
95, 299
70, 078
66, 067
41, 450
119,896
60, 916
35, 813
21, 279
34, 263
18, 205
38, 631
19,344
14, 120
5,260
6,580
9,290
2,736,323 11,655,757
1,483
1,350
1,266
1,020
741
620
423
420
2,037
2,058
6,255
2,387
1,251
1,475
835
434
251
468
694
522
616
274
118
294
28,984
' Capital net gain and loss are reported as provided by law on sale of assets held more than 2 years. (See
pp. 8 and 9.) For explanation of changes in 1932 act affecting the deduction of losses of sales of stocks and
bonds, see p. 209.
3 Includes "taxes paid" and "interest paid " (see tables 8 and 8 A) and other deductions.
* This item appeirs 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.
STATISTICS OF INCOME
79
Table 8. — Individual returns for 1932 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. 16-17]
States and Territories
Taxes paid other than Federal income
tax 1
Total
Reported in
deductions
from total
Reported
in business
deductions
Interest paid
Total
Reported in
deductions
from total
Reported
in busi-
ness de-
ductions
Alabama
Ari7,ona
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 2
West Virginia
Wisconsin
Wyoming
Total- --.
5746, 671
232, 007
275, 217
767, 655
299, 830
537, 603
185, 669
249, 176
750, 733
837, 025
871, 776
57, 591
180, 430
555, 988
247, 390
866, 549
555, 703
016, 865
310, 988
344, 884
616, 398
099, 584
039, 760
269, 566
903, 549
388, 772
782, 184
108, 161
877, 383
125, 543
143, 466
699, 542
763, 532
123, 274
170,881
441, 135
259, 092
821, 694
390, 649
372, 370
197, 847
585, 210
902, 704
271, 740
509, 300
194, 265
009, 448
796, 824
071, 979
129, 745
$698, 317
210, 969
259, 919
12,781,669
1, 209, 735
5, 347, 541
1, 165, 555
3,112,930
1, 680, 124
1, 781, 705
823, 161
47, 362
12, 468, 027
2, 418, 996
1, 096, 927
753, 763
1, 472, 053
898, 574
1,210,062
3,861,265
20, 929, 105
5, 901, 295
2, 923, 661
239, 810
4, 750, 892
358, 935
697, 429
100,503
827, 598
11, 713, 282
127, 435
75, 569, 736
1,691,419
111,043
11,838,238
1, 366, 002
1, 220, 509
17, 400, 191
2, 310, 080
358, 739
184, 051
1,521,150
3, 578, 037
254, 173
478,410
2, 035, 758
961, 147
746, 798
6, 938, 083
111,235
$48, 354
21, 038
15, 298
985, 986
90, 095
190, 062
20,114
136, 246
70, 609
55, 320
48, 615
10, 229
712, 403
136, 992
150, 463
112,786
83,650
118, 291
100, 926
483,619
687, 293
1,198,289
116,099
29, 756
152, 657
29, 837
84, 755
7,658
49, 785
412, 261
16, 031
1, 129, 806
72,113
12, 231
332, 643
75, 133
38, 583
1, 421, 503
80, 569
13, 631
13, 796
64, 060
324, 667
17, 567
30,890
158, 507
48, 301
50, 026
133, 896
18,510
1,161
223:
341
16, 039
1, 202,
7,438,
3, 292
3, 884,
1,808;
2,605
1,361
50
18, 776,
2, 396:
1, 323
1,024
2, 107
1, 304,
1,401
4,601
11,969
8, 520,
3.144
203
6, 303
348,
1,020
110
697
14,213
141
71, 290
2,933
138
13, 662,
1,752
803
29, 803
1, 852,
388. 249
140, 701
2, 139. 477
5. 661. 767
369. 177
358, 576
2,656,517
I, 285, 078
1,531
3,391,656
140. 157
464
145
240, 955, 347
230, 543, 398
10,411,
259, 320, 845
$1, 132, 045
213, 243
330, 110
15, 166, 767
1, 148, 713
7, 267, 348
3, 264, 528
3, 733, 305
1, 750, 655
2, 557, 873
1, 292, 872
45,910
18, 352, 619
2, 319, 925
1,242,347
896, 975
1, 988, 019
1, 252, 478
1,357,242
4, 392, 186
11,512,421
8, 248, 502
3, 036, 362
178, 455
6, 130, 483
334, 340
917, 844
107, 979
670,111
13,813,519
135, 339
69. 446, 067
2, 876, 248
134, 881
13, 346, 917
1, 666, 401
761, 514
28, 825, 279
1, 789, 167
375, 315
128, 924
2. 082. 145
5.265.517
352. 378
326. 926
2, 543. 472
1. 238. 859
1.480.757
3, 293. 899
118.678
11
872,
54,
171
27,
151
58,
47,
68,
4,
424,
76
80
127,
119,
51
44,
209,
457,
272,
108,
25,
173,
14
102,
2,
27,
399,
6,
1, 844,
57,
3,
315,
85,
41
978,
63,
12,
11
57,
396,
16,
31
113,
46,
50,
97,
21
419
876
726
292
186
060
506
154
150
363
200
587
204
926
996
780
111
768
471
433
301
091
199
279
354
176
817
581
724
820
456
766
118
770
845
814
897
511
629
934
777
332
250
799
650
045
219
388
757
479
250. 843, 859
8, 476, 986
' Excludes also certain income taxes paid foreign countries.
• Includes Alaska.
80
STATISTICS OF INCOME
Table 8A. — Individual returns for 1932 of net income of $5,000 and over, by net
income classes, showing taxes paid other than Federal income tax, and interest
paid; also summary for preceding years
[For text defining items, see pp. 16-17]
Net income classes
(Thousands of dollars)
Taxes paid other than Federal income
taxi
Interest paid
Total
Reported in
deductions
from total
income
Reported
in business
deductions
Total
Reported in
deductions
from total
income
Reported
in busi-
ness de-
ductions
5-6
$29, 961, 284
21, 428, 868
16, 993, 971
13, 198, 791
11, 082, 524
9, 188, 323
7, 627, 546
6, 337, 173
5, 669, 889
4, 662, 237
19, 366, 095
13,411,861
9, 342, 306
15, 323, 977
10, 083, 706
6, 828, 040
5, 415, 529
3, 722, 908
3, 268, 714
2, 845, 290
8, 587, 669
4, 089, 824
2, 350, 930
1, 235, 624
2, 286, 290
861, 071
2, 476, 339
928, 980
465, 991
333, 526
179, 098
$28, 149, 469
20, 246, 914
16, 138, 330
12, 561, 282
10, 628, 366
8, 717, 848
7, 303, 579
6, 089, 041
5, 418, 388
4, 528, 054
18, 767, 354
13,103,792
9, 063, 487
13, 877, 477
9, 774, 971
6, 719, 690
5, 369, 515
3, 680, 291
3, 241, 934
2, 783, 020
8, 231, 051
3, 688, 850
2, 345, 859
1, 233, 650
2, 255, 737
860, 837
2, 473, 791
918, 231
458, 993
333, 526
179, 098
$1,811,815
1,181,954
855, 641
637, 509
454, 158
470, 475
323, 967
248, 132
251, 501
134, 183
598, 741
308, 069
278, 819
1, 446, 500
308, 735
108, 350
46, 014
42,617
26, 780
62, 270
356, 618 _
400, 974
5,071
1, 974
30, 553
234
2,548
10, 749
6,998
$38, 303, 621
26, 360, 165
20, 422, 946
15,385,906
13, 566, 202
10, 145, 483
8, 986, 328
7, 135, 595
6, 239, 009
5. 089, 431
19, 838, 638
12, 748, 661
9, 208, 562
14, 581, 702
9, 295, 788
7, 333, 040
5, 186, 993
4, 540, 623
3, 233, 529
2, 774, 701
6, 150, 950
2, 803, 744
1, 910, 528
683, 009
1, 126, 650
866, 335
2, 840, 537
892 528
796, 370
398, 234
$36, 428, 519
25, 171, 219
19, 553, 877
14, 852, 133
13, 107, 548
9, 718, 531
8, 723, 628
6, 907, 000
6, 072, 310
4, 900, 552
19, 207, 209
12, 390, 810
9, 063, 864
14, 306, 755
9, 049, 881
7, 223, 601
5, 122, 869
4, 123, 180
3, 230, 197
2, 772, 865
6, 142, 092
2, 769, 546
1, 909, 130
682, 624
1, 125, 237
866, 335
2, 840, 178
892, 528
796, 370
398, 234
$1, 875, 102
1, 188, 946
869, 069-
533, 773
458, 654
426, 952
262, 70a
228, 595
166, 699
168, 879-
631, 429
357,851
144, 698
274, 947
245, 907
109, 43»
64 124
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
417, 443-
3,332
1,836
80-90
90-100 _.
100-150...
8, 858
34 198
150-200
200-250....
1 398
250-300
385
300-400 . .
1,41»
400-500
500-750
359
750-1,000..
1,000-1,500. .
1,500-2,000.
3,000-4,000
1, 400, 973
1, 400, 973
495. 037
495, 037
6,000 and over...
Total.
240, 955, 347
230, 543, 398
10,411,949
259, 320, 845
250,843,859
8, 476, 986
Summary for preceding
1931.... .
312, 477, 684
444, 577, 395
532, 798, 878
527, 893, 669
485, 969, 727
294, 165, 390
407, 996, 443
479, 099, 835
475, 422, 144
440, 973, 832
18,312,294
36, 580, 952
53, 699, 043
52, 471, 525
44, 995, 895
393,086,138
615, 864, 209
958, 958, 653
940.615,916
373, 602, 771
574, 629, 633
886, 187, 377
866,057,874
19, 483, 367
1930
41, 234, 576
1929...
72, 771, 276
1928
74, 558, 042
1927
> Excludes also certain income taxes paid foreign countries.
STATISTICS OF INCOME
81
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; 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. 1-5]
ALABAMA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net gain
Under 1 (estimated) '...
2,256
39
4,175
3,555
4,183
1,276
1,338
1,475
169
791
45
396
265
153
127
97
61
36
41
26
22
64
28
18
24
I
3
2
$1, 399, 705
18,831
6, 115, 740
5, 161, 154
10, 525, 072
3, 266, 238
4,441,052
5, 089, 319
740, 210
3, 500, 987
245, 787
2, 162, 087
1, 706, 191
1, 139, 868
1,077,207
915, 937
642, 663
414, 972
512, 586
350, 103
317, 608
1, 093, 651
625, 789
482, 200
820, 986
402, 825
161, 087
202, 341
145, 817
Under 1 (estimated)
$141
$141
1-2 (estimated) '
1-2 (estimated)
59, 225
59, 225
2-3 (estimated) >
2-3 (estimated)
37, 717
37, 717
3-4 (estimated) i
3-4 (estimated)
45, 826
45, 826
4-5 (estimated) '
4-5 (estimated)
45,415
45,415
5-6'
5-6 ..
36, 598
32,511
23, 170
29, 146
27,564
19, 691
15, 666
17, 277
13, 882
15,219
56, 874
35,711
28,269
47, 196
33, 922
17, 591
25, 475
32, 096
36, 598
31, 286
21,032
26, 033
24, 297
16, 606
13, 124
13, 381
10,658
11, 785
44, 207
21, 552
17, 814
21, 975
5,216
7,763
4,859
9,203
6-7
$1, 225
2,138
3,113
3,267
3,0S5
2,542
3,896
3,224
3,434
17. 579
17, 820
20, 030
44, 891
34, 769
17, 598
20,623
22,893
7-8
8-9
9-10
10-11--
11-12
12-13 .
13-14
14-15
15-20
$4, 912
20-25--_
3,661
25-30
$31
9,606
30-40 .. ..-
19, 670
40-50
6, 063
50-60 -
7,770
60-70 -..
9,611
9,618
70-80
80-90
90-100... -.
1
2
0)
(2)
(2)
(2)
(2)
(2)
(2)
100-150
h)
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-i,000
4,000-5,000 --
.
5,000 and over
Classes grouped '
342, 271
73, 750
8,428
81,161
15, 839
Total
20,680
54, 020, 284
769, 932
534, 141
303,288
9,642
77, 139
Summary for preceding
years: »
1931
19, 532
22, 605
25,818
26, 891
27, 992
28,540
26, 278
47, 591
51, 049
43, 612
70, 309, 297
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
640, 467
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
1930 ---
1929
1928
1927
1926
1925 -
1924
1923 -
1922
For footnotes, see p. 130.
82
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
ARIZONA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit —
12^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12^ per-
cent on
capital
net gain
634
4
1,411
1.918
1,523
871
478
982
63
481
22
193
104
59
33
32
20
11
5
7
6
17
5
11
4
5
$391, 231
2,184
2, 054, 127
2, 851, 226
3, 888, 545
2, 199, 721
1,594,284
3, 403, 144
275, 364
2, 137, 551
118,719
1, 053, 577
668, 415
439, 554
279, 599
305. 253
207, 828
126, 273
62, 259
94, 798
87, 602
275, 963
104, 160
292, 476
(2)
230, 709
$80
$80
1-2 (estimated) L
1-2 (estimated) _..
33, 884
33, 884
2-3 (estimated) i .-
2-3 (estimated)
26, 632
26, 632
3-4 (estimated) L.
3-4 (estimated) -..
35, 174
35, 174
4-5 (estimated) '
4-5 (estimated)
31, 703
31, 703
5-6 1
6-6
21, 038
14, 541
11,986
8,902
10, 493
6,587
4,846
2,654
3,732
4,059
29, 002
6,144
16, 933
(2)
11, 254
21, 038
14,111
11, 179
8,132
9,405
5,629
4,095
2,185
3,126
3,076
26, 310
4,313
10, 673
(0
12, 970
6-7
$430
807
770
1,088
958
751
469
606
983
5,621
2,545
9,714
(2)
20, 771
7-8
8-9
9-10 . - .
10-11
11-12
12-13
13-14
14-15
15-20
$2,929
20-25
714
25-30
3,454
30-40
(2)
40-50 .
22, 487
50-60
60-70.
1
0)
(2)
(2)
(2)
70-80
80-90...
90-100
100-150. .-
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.
4,000-5,000
6,000 and over
Classes grouped '.
210, 398
25, 761
8,450
19, 354
2,043
Total
8,900
23, 354, 960
305, 405
272, 165
64,867
31, 627
Summary for preceding
years: 3
1931
8,035
10, 590
12, 448
11, 527
11,059
10, 509
10,104
21, 301
22, 899
20,079
28, 745, 823
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
247, 280
584, 279
1,113,774
1, 600, 308
697, 800
498, 896
544, 953
511,987
603,100
687, 026
1930
1929 . .
1928
1927
1926
1925
1924 .
1923
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
83
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
ARKANSAS
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12H per-
cent on
capital
net loss
Net income classes
^Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) '- .
1,490
31
2, 175
1,227
2,420
684
626
797
63
390
33
169
114
54
56
29
21
9
13
9
7
16
8
4
5
$943, 247
14,092
3, 259, 393
1, 747, 897
6, 032, 884
1, 784, 504
1. 756, 931
2, 744, 181
274, 430
1, 735, 596
179. 853
915, 974
733, 694
407, 971
472, 722
274, 068
220, 398
103, 024
162. 933
121. 854
101, 453
277, 949
173, 260
110, 788
167, 023
Under 1 (estimated)
$479
$479
1-2 (estimated) i
1-2 (estimated)
18, 626
18, 626
2-3 (estimated) •
2-3 (estimated)
17, 264
17, 264
3-4 (estimated) i
3-4 (estimated) _..
25, 082
25, 082
4-5 (estimated) i
4-5 (estimated)
22, 420
22, 420
5-6'
5-6
16, 802
14, 207
9,565
13, 510
7,630
6,728
3,247
6,810
5,207
5,479
13, 459
16. 802
13. 714
8.745
12. 201
6.703
5.775
2.697
5. 650
4,071
4,360
9. 513
6-7-
$493
820
1,309
927
953
550
1,160
1,136
1,119
4,704
4,600
4,695
7,870
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$758
20-25-
6, 191 ,3, 031
11, 130 6. 435
1.440
25-30
30-40
12, 101
4,231
40-.50_
50-60.
60-70
70-80.
80-90
90-100. -
lOa-1.50-
150-200
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over .
Total
10, 350
24,716,119
215, 937
187, 799
30, 336
2.198
Summary for preceding
years: 3
1931
9,873
12, 490
15, 813
16, 660
17, 331
19, 363
20, 597
35, 484
35, 788
32, 072
29, 256, 385
43, 282, 986
68, 910, 936
71, 689, 792
75. 553. 896
84, 661, 070
84, 474, 350
110,255.418
109, 793. 634
95, 625. 678
107, 830
241, 787
712, 954
877, 747
1, 339, 952
1, 481, 272
1, 434, 504
1, 458, 499
2, 050, 416
2, 314, 409
1930
1929
1928
1927
1926
.
1925.-
1924.- -
1923
1922
For footnotes, see p. 130.
84
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
CALIF0RNI.4.
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
UVi per-
cent on
capital
net loss
Under 1 Cestimated) •„.
28, 103
360
55, 460
61, 740
44, 821
26, 336
11,887
26, 978
1,852
13, 952
871
7,712
4, 527
2,646
1,707
1,246
938
744
523
499
356
1,194
597
414
465
254
165
82
57
38
19
67
19
6
4
9
$17, 496, 279
217, 060
81, 438, 753
90, 954, 671
111,838,674
63, 450, 437
39. 565, 322
93, 720, 389
8, 120, 231
61, 719, 508
4, 773. 798
42, 110, 062
29, 214, 764
19, 735, 676
14, 452, 450
11, 789, 669
9,833,977
8, 555, 762
6, 633, 303
6, 738, 029
5. 153. 126
20, 501, 339
13, 299, 478
11, 342, 521
15, 875, 203
11,399,612
8, 925, 869
5. 307. 127
4, 233, 793
3, 243, 786
1, 804, 876
8, 188, 660
3, 180, 925
1,280,424
1,064,152
2, 893, 707
Under 1 (estimated)
$4, 752
$4, 752
1-2 (estimated! i
1-2 (estimated)
1, 089, 969
1,089,969
2-3 (estimated) •
2-3 Cestimated)
881,359
881, 359
3-4 (estimated) '
3-4 (estimated)
1, 052, 141
1, 052, 141
4-5 (estimated) '
4-5 (estimated)
961, 200
961, 200
6-6».-
&-6--.
837, 248
647, 188
516. 259
432, 331
375, 680
344, 277
324,310
265, 055
289, 629
222, 402
989. 992
742, 833
734, 186
1, 242, 815
1, 130, 388
1, 015, 003
651, 338
627, 307
714, 214
362, 636
2,058,114
1, 018, 334
384, 046
303, 653
878, 892
837, 248
626, 569
477, 987
390, 558
333, 094
298, 229
272, 897
216, 710
227, 829
166, 916
737, 562
500, 469
446, 346
637, 281
467, 398
359, 520
174, 377
127, 469
212, 551
73, 251
311,318
114,005
5S, 929
37. 975
40, 719
6-7
$20, 619
38, 272
41, 773
42, 486
46,048
51,413
48, 345
61, 800
55, 486
336, 322
369,115
461, 823
907, 607
953, 493
933, 161
672, 458
663, 701
606. 140
380, 438
2, 033, 264
981, 775
392, 180
20-4, 250
737, 300
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
1,5-20
$1, 120
3,052
10,224
36, 814
19, 146
31, 183
24, 072
9,230
1,353
792
64. 547
19, 287
22, 488
61,428
125, 265
$84, 012
20-25 -..
129, 803
2.5-30
184, 207
30-40
338, 887
40-50
309, 649
50-60
308, 861
60-70
219, .569
70-80 --.
173, 093
80-90 -..
105, 830
9fr-100
91.845
100-150
351,015
150-200
96, 733
200-250
250-300
89, 561
300-400
24, 392
400-600
600-750 -
2
1, 094, 296
538, 499
41,618
497, 896
1,015
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
Total.
295, 650
841,047,708
21,635,950
12, 178, 246
11,536,165
430, 001
2, 508, 462
Summary for preceding
years: ^
1931
248, 722
293, 048
309, 047
316, 738
315,566
316, 344
305, 074
511,218
617, 109
420,923
967, 099, 004
1, 330, 603, 655
1, 689, 896. 424
1, 765, 573, 139
1, 582. 576, 2,58
1,571,673,688
1, 490. 419, 792
1, 741, 003, 671
1,697,902,803
1, 367, 524, 521
14, 732, 280
27, 136. 057
45, 300, 278
63, 707, 136
46, 044, 994
46, 238, 346
37, 127, 167
37, 880, 658
39, 958, 780
43, 778. 932
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
85
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total mimber, net income, and tax for prior years — Continued
COLORADO
Number
of
returns
Xet income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net gain
Under 1 (estimated) •__.
3,744
70
5,911
5, 755
5, 385
2,290
1,371
2,381
210
1,029
76
633
445
287
178
146
93
100
55
45
39
111
65
31
39
19
6
3
2
5
2
7
1
1
$2, 267, 561
43, 677
8, 827, 694
8, 101, 120
13, 310, 389
5. 889. 158
4, 606, 050
8, 188, 649
916, 162
4, 571, 033
416,422
3. 459. 159
2, 878, 374
2, 133, 438
1, 514, 654
1, 388, 591
972, 559
1, 142, 973
687, 337
604,823
564, 586
1, 895, 493
1, 452, 080
854, 145
1,388,510
856, 409
326, 915
198,892
157, 219
433,931
183, 273
808, 567
(2)
(2)
Under 1 (estimated)
$581
$581
1-2 (estimated) '
1-2 (estimated)
83, 259
83, 259
2-3 (estimated) i
.2-3 (estimated)
60, 385
60, 385
3-4 (estimated) i
3-4 (estimated)
70, 730
70, 730
4-5 (estimated) i ,.
4-5 (estimated)
60, 333
60, 333
5-61
5-6
58, 076
52, 297
48,039
39, 270
41,116
28, 812
41,109
26, 228
20, 765
20, 345
81, 598
70, 150
51, 280
92, 573
78, 179
43, 708
25, 809
23, 354
82, 201
37, 865
192, 721
(2)
58, 076
50,254
43,949
34, 895
36, 017
24,419
34, 497
21,010
15,266
14, 130
60, 708
47, 986
31, 348
54,042
23, 428
9,808
89
5,640
7,310
537
24, 338
(2)
6-7.
$2,043
4,090
4,375
5,099
4,393
6,612
5,218
5,499
6,215
30, 737
40, 202
36,106
84, 527
70, 942
36,289
24,030
26, 892
66, 486
37,328
209, 161
(2)
Q)
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$9,847
20-25..
$63
18 101
25-30
16, 174
46,916
16, 319
2,389
30-40
920
128
40-50
50-60
60-70
1,690
70-80
9,178
2,202
80-90
10, 607
90-100.
100-150
44
40,822
150-200-
200-250
250-300
300^00
2
{')
(?)
(2)
(»)
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...
5,000 and over..
Classes grouped '
1, 037, 928
385, 149
5,179
403, eis
23,645
Total. .-
30, 537 82. 077. 771
1, 815, 932
878, 214
1, 109, 859
13, 452
185, 593
' '
Summary for preceding
years: '
1931
25, 279
28,986
31, 268
31, 091
31, 727
35, 110
96, 661, 700
125, 795, 609
158, 751, 528
158, 931, 875
148, 473, 486
154. 804. 655
1, 378, 043
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
1930
1929
1928
1927
1926
1925
35,808! 150,363,411
73, 350 i 205, 087, 973
72. 366 j 200, 572, 724
67,463 184.572.407
1924
1923
1922
1
For footnotes, see p. 130.
86
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
CONNECTICUT
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12H per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) '--_
Under 1 (estimated)
1-2 (estimated) '
6,422
300
16, 088
20, 476
12, 891
6,713
4,511,
5,882
781
2,616
478
2,011
1,567
1,097
742
609
438
338
273
226
183
546
326
205
221
125
61
53
36
24
18
30
8
4
4
2
1
1
1
$4, 267, 483
172, 615
23, 221, 577
27, 790, 531
32,191,131
17, 049, 709
15, 160, 354
20, 284, 154
3, 470, 409
11,626,420
2, 606, 195
11, 000, 313
10, 132, 321
8,191,782
6,301,645
5, 767, 929
4, 597, 263
3, 880, 323
3,410,687
3, 043, 714
2, 652, 253
9, 406, 304
7, 262, 257
5, 628, 699
7, 626, 304
5, 544, 619
3, 339, 872
3, 466, 044
2, 693, 775
2, 025, 261
1, 716, 470
3, 614, 624
1, 356, 722
888, 539
1, 008, 284
(2)
(2)
(2)
(2)
$2, 930
$2, 930
257, 608
257, 608
2-3 (estimated) i
2-3 (estimated)
189, 814
189, 814
187, no
187, 110
144, 014
144, 014
5-6 1
5-6
178, 681
170, 146
161,357
144, 404
147, 587
126, 849
120, 951
111,957
102, 949
92. 398
350, 479
331, 075
298, 763
474, 531
479, 166
272, 480
388, 367
327, 456
265, 110
272, 564
709, 826
391,621
208, 372
322, 559
(2)
(2)
178, 681
162, 836
145, 193
125, 990
126, 480
105, 109
97, 526
86, 121
74, 983
63, 471
243, 255
209, 913
168, 715
202, 643
149, 342
59, 367
74, 900
67, 914
22, 861
25, 971
49, 282
14, 256
21, 329
3,720
(0
6-7
$7,310
16, 164
18, 414
21, 107
21, 740
23, 425
25, 836
27, 966
28, 927
157, 625
200, 911
230, 336
445, 227
494, 196
352, 057
470, 400
417, 346
375, 845
357, 880
925, 335
412, 208
328, 108
416, 754
(2)
m
m
(2)
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
20-25
$62
450
2,196
11, 132
12, 860
10, 852
5,591
6,584
90
$50, 463
80, 199
25-30
102,484
30-40
184, 471
40-50
50-60
176, 732
149, 796
60-70
162, 524
70-80
164, 388
80-90
133, 686
90-100
111,287
100-150__
14, 345
9,715
307'
279, 136
150-200
44, 558
200-250
250-300
141, 065
98, 222
300-400
(2)
400-500
(2)
500-750
(2)
750-1,000. .-
Q)
(2)
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, 452, 087
924, 841
30, 083
1,099,940
205, 182
Total
86, 308
274, 908, 669
8, 155, 965
3,291,417
6, 875, 057
73, 684
2, 084, 193
Summary for preceding
years :3
1931
65, 306
74, 821
82,049
81, 063
77, 778
81,449
74, 595
143, 406,
149, 820
128,431
309, 351, 262
400, 674, 216
561, 547, 753
522, 496, 528
451,001,651
433, 776, 846
404, 498, 337
478, 174, 249
473,804,719
401, 720, 143
6, 067, 228
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
1930
1929
1928
1927
1926
1925
1924
1923 .
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
87
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
DELAWARE
#
Tax
Tax before tax credit
Tax
credit—
12^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Number
of
returns
Net income
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) '...
973
36
1,728
2,005
1,404
871
380
665
102
349
43
226
196
136
104
73
58
33
35
41
29
83
50
36
43
32
20
15
8
8
4
13
9
6
1
1
4
2
2
1
$659,822
15, 190
2, 540, 354
2, 720, 427
3, 607, 324
2, 212, 219
1,272,768
2, 295, 033
444, 269
1, 649, 266
234, 792
1, 231, 239
1,267,086
1,011,123
886,817
690, 777
605, 874
378, 675
437, 252
548, 489
419,513
1, 423, 068
1,116,997
950, 619
1, 491, 090
1,433,526
1, 065, 370
987, 025
691, 053
685, 024
382, 828
1, 623, 232
1,549,989
1, 126, 453
(2)
W
1, 706, 626
1, 307, 491
«
$233
$233
1-2 (estimated) •
1-2 (estimated)
24, 832
24, 832
2-3 (estimated) '. -
2-3 (estimated)
25, 378
25, 378
3-4 (estimated) '
3-4 (estimated)..
21, 846
21, 846
4-5 (estimated)'
4-5 (estimated)
19, 139
19, 139
5-61
5-6.
20, 797
19, 441
19, 630
20, 690
15, 416
15, 682
11,594
12, 046
16, 873
15, 496
48, 869
51, 597
49, 276
88,967
111,326
61, 520
108,117
71, 268
117,308
38,266
388, 140
396, 916
326, 404
(2)
(2)
667, 348
401, 462
(2)
(')
20, 797
18,515
17,702
17,986
12, 923
12, 841
9,298
8,728
11,900
10, 895
29,441
30,810
26, 747
45, 334
37, 631
16, 075
17, 075
8,172
15, 281
6,194
33, 258
6,582
6-7
$926
1,928
2,604
2,493
2,841
2.296
3,318
4,973
4,601
23, 010
30, 796
37,857
88, 172
123, 886
114, 674
135,113
94, 162
129, 367
81, 927
447, 131
509, 722
418, 028
(2)
(2)
743, 233
610,891
0)
W
7-8
8-9 - ---
9-10
10-11 -
11-12
12-13
13-14
14-15
15-20
'""$i,'44i'
1,960
4,472
147
135
964
$3, 582
11,450
16, 289
20-25 -
25-30-. --
30-40
49, Oil
4O-50_.
60, 337
50-60.
69, 364
45, 035
31 066
60-70
70-80
80-90
27, 340
49, 865
92, 249
121 048
90-100
100-160
150-200
1,660
200-250
91 624
250-300
(2)'
300-400 . - .
(2)
400-500.
9,185
185, 070
500-750
209,429
(2)
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
3, 657, 622
1, 310, 562
1, 337, 197
98,235
124, 870
Total
9,822
46, 026, 220
4, 396, 328
613, 798
4, 951, 145
109,014
1, 177, 629
Summary for preceding
years: '
1931... -.
8,284
9,342
9,780
9,592
9,266
9,301
9,131
18, 892
19, 202
61, 044, 537
64, 913, 288
148, 850, 300
107, 335, 477
90, 262, 899
70, 544, 423
64, 897, 972
64, 179, 747
57. ISfi. fiR5
2, 283, 901
3, 927, 732
14, 524, 946
10,592,886
7, 970, 036
5, 100, 884
2, 780, 200
2, 432, 617
] . 402 nos
1930
1929. --
1928
1927
1926
1925
1924
1923.
1922
17,141 53. SSl.'ofiS 1 1. 833.' 712 1
i
I
For footnotes, see p. 130.
88
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
DISTRICT OF COLUMBIA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12}^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12^^ per-
cent on
capital
net gain
Under 1 (estimated) i...
2,838
91
8,558
23, 227
8,947
8,855
2,331
7.702
191
4,512
99
2,089
1,149
697
428
294
231
179
124
120
98
262
164
83
95
45
30
26
6
5
4
15
6
$2, 134, 385
56, 005
12, 804, 255
35,850,062
22, 429, 457
21, 788, 888
7, 713, 078
26, 671, 384
837, 850
19, 975, 391
537, 881
11,388,612
7, 407, 208
5, 206, 163
3, 626, 500
2, 793, 440
2, 418, 517
2, 057, 938
1,544,961
1, 616, 074
1,421,497
4, 503, 630
3, 636, 868
2, 278, 852
3, 254, 734
2,001,158
1, 624, 151
1, 660, 015
434, 669
417,543
(2)
1, 923, 342
841, 820
Under 1 (estimated)
$1, 302
$1, 302
1-2 (estimated) '
1-2 (estimated)
487, 501
487, 501
2-3 (estimated) '
2-3 (estimated)
382, 694
382, 694
3-4 (estimated) '-.-
3-4 (estimated) .
329, 164
329, 164
4-5 (estimated) i
4-5 (estimated)
306, 508
306, 508
5-6'..- ---
5-6 _
217, 013
164, 158
134. 273
107, 804
94, 177
96, 224
79, 202
67, 975
75.444
68. 092
237. 166
228,358
139, 697
242. 720
208.415
186. 247
217, 097
64. 366
79, 080
526, 012
260. 187
217, 013
159. 078
124, 071
97. 385
84, 058
84, 963
66, 801
56, 420
60, 941
52, 422
187, 360
149. 889
92, 194
135. 287
86. 371
53, 465
58, 887
25, 356
12, 316
(2)
57, 108
1,086
6-7
$5, 080
10, 202
10, 419
10, 119
11, 261
12, 401
11, 555
14, 503
15, 670
73, 671
100, 519
94, 198
188, 622
7-8
8-9
9-10
10-11
11-12
12-13
13-14
g-15
15-20
$120
8,546
134
4. 932
$23, 985
20-25
30, 596
25-30
46, 829
30-40
86, 121
40-50
166, 997 4. 724
49, 677
50-60
163, 487
209, 998
67,685
76. 566
(2)
539,981
276,950
7,328
7,118
5
38, 033
60-70
58,906
70-80
28,680
80-90
9, 802
90-100
(2)
100-150
32
87
71, 109
150-200
17.936
200-250
250-300
1
(0
(.')
(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
4 000-5,000
619, 551
114.301
15,680
171,991
73, 370
73, 501
213, 475, 879
5. 115. 177
3, 385. 320
2,231,875
33. 026
535, 044
years: '
1931
51,920
61, 044
48, 087
44, 183
39, 560
40, 024
43, 293
77,836
75, 796
77, 923
200, 628, 347
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
2. 974, 707
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
1930
1928
1926
1924
1923
1922
1
For footnotes, see p. 130.
STATISTICS OF INCOME
89
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
FLORIDA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
WA per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Stirtax
12J^ per-
cent on
capital
net gain
Under 1 (estimated) L.
3,386
110
5,694
4,001
5, 672
2,230
1,790
2,361
267
1,218
131
633
448
294
192
152
110
77
64
54
38
139
66
38
50
21
20
9
4
5
1?
9
3
2
$2, 065, 406
53, 677
8, 571, 473
5, 676, 439
14, 203, 351
5, 754, 781
5, 961, 322
8, 162, 052
1,168,419
5,419,005
711,648
3, 450, 317
2, 896, 194
2, 183, 131
1, 624, 389
1,441,015
1, 149, 962
885, 634
793, 362
729, 169
549, 033
2, 403, 648
1, 459, 781
. 1, 045, 042
1, 705, 276
950, 297
1, 108, 805
587, 988
297, 029
435, 250
289, 617
1, 387, 627
1,521,909
677, 563
Under 1 (estimated)- ..
$1, 133
$1, 133
1-2 (estimated) >
1-2 (estimated)
59, 878
69, 878
2-3 (estimated) i
2-3 (estimated)
53, 123
53,123
3-4 (estimated) •
3-4 (estimated)
67, 075
67, 075
4-5 (estimated) '-.
4-5 (estimated)-
73, 221
73, 221
5-6'-
5-6
59, 438
49, 749
45, 490
42, 537
43, 582
36, 607
31, 194
29, 947
27, 731
17, 688
97, 869
78,939
68, 244
105, 143
74, 440
86, 746
73, 469
24.256
79, 938
36, 358
256, 063
258, 453
195, 421
(2)
59, 4.38
47, 749
41,304
37,906
38, 416
31, 269
26,001
24,066
21, 037
11,689
74,804
45, 324
41, 886
49,500
31,128
28. Ill
13, 544
1,826
3,568
6-7
$2,000
4,192
4,631
5,166
5,338
5,193
5,881
6,694
5,999
37, 826
39, 601
43, 694
97, 603
79,625
103, 599
73, 242
40. 072
73. 017
62. 583
385, 120
492, 758
251,661
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15 .
15-20
$247
197
$15. 007
20-25 .
6.183
25-30- .
17. 336
39-40
3,282
3,577
3.938
45.242
40-50
39. 890
50-60--_
48. 902
60-70
13. 317
70-80
2,070
4.185
19, 712
80-90 .
832
90-100 .
26,225
100-150 --
19, 194
3,827
5,767
(2)
148. 251
150-200
238. 132
200-250 . .
62,007
250-300
300-400
400-500
500-750
1
(0
(2)
(0
750-1,000-
1,000-1,500.
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
1, 132, 001
483, 893
11
483. 882
Total
29, 303
88. 451, 612
2, 557, 631
911,795
2, 309, 376
17. 496
681, 036
Summary for preceding
years: ■>
1931 -
25, 340
28,133
30,040
32, 155
40, 080
56, 109
76, 213
64,306
49, 591
41,531
105, 215, 176
126, 910, 394
164, 355, 108
178, 843, 603
206, 917, 657
322, 601, 033
649, 932, 382
250, 963, 654
156, 500, 260
132, 047, 020
2, 219, 520
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. 859
1930
1929 -
1928
1927
1926
1925 ---
1924
1923
1922
For footnotes, see p. 130.
90
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
GEORGIA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit —
12H per-
cent on
capital
net loss
Net income classes
{Thousands of dollars)
Normal
tax
Surtax
12}^ per-
cent on
capital
net gain
2,600
70
5,877
5, 214
6,137
2,395
2,226
2,958
265
1,308
117
740
494
291
198
162
100
75
53
50
30
137
82
44
41
16
18
11
11
1
4
3
1
$1, 779, 464
38,467
8, 663, 262
7,101,311
15, 656, 067
6, 195, 864
7, 416, 398
10, 198, 693
1, 165, 370
5, 829, 773
641, 702
4, 039, 450
3, 180, 688
2, 172, 746
1, 675, 321
1, 539, 757
1, 045, 017
863, 465
660, 760
678, 750
433, 624
2, 341, 484
1,833,638
1, 182, 242
1, 398, 393
727, 170
980, 307
707, 770
833, 618
0)
373, 242
(2)
(2)
Under 1 (estimated)
1-2 (estimated) '
$1, 046
$1, 046
64,235
64,235
2-3 (estimated) •
2-3 (estimated)
65, 278
55, 278
3-4 (estimated) ' - -
76, 831
76,831
71, 949
71, 949
5-6'
5-6 .
66, 089
56, 233
44, 217
41, 167
39, 959
31, 094
25, 619
23, 533
26, 594
17, 060
88,886
88, 122
75, 735
89, 738
58, 816
97, 979
99, 305
106, 544
(2)
66, 331
(2)
66, 089
64,056
40, 004
36, 210
34, 330
26, 217
20, 435
18, 455
20, 266
12, 373
60, 822
54, 197
35,-209
30, 600
15, 569
9,778
19, 864
18, 573
(2)
2,602
(2)
6-7
$2, 177
4,213
4,957
5,629
4,877
5,184
5,078
6,328
4,687
36, 782
61, 796
46, 874
81, 876
60,829
107, 007
85, 806
113, 710
(2)
56, 908
(2)
(2)
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$692
$9, 310
20-25
17, 870
25-30
641
1,685
2,456
"'"8,'i39'
6,989
30-40
24,423
40-50
20, 038
60-60
18,806
60-70
6,366
70-80
33, 878
80-90
90-100
9,434
2,613
100-150
(*)
150-200
Q)
200-250
250-300
300-400
400-500
500-750
750-1,000
1
(2)
(2)
(2)
(2)
1,000-1,500
1,500-2,000
2,000-3,000 . . -
3,000-4,000 . . .
4,000-5,000
Classes grouped '
1, 528, 803
279, 729
3, 754
193, 023
101, 100
18, 148
Total
31, 730
92, 882, 516
1, 692, 089
848, 642
877, 740
124, 047
158, 340
Summary for preceding
1931
25,729
28, 996
32, 289
32, 921
33, 818
36, 744
37, 410
62, 651
71,341
69,988
102, 907, 022
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
996, 756
1, 659, 244
2, 785, 942
3, 806, 534
3, 612, 724
2, 888, 409
3, 529, 883
3, 398, 860
3, 766, 159
4, 557, 769
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
91
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for -prior years — Continued
HAWAH
Tax
Tax before tax credit
Tax
credit —
\2]4 per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Number
of
returns
Net income
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) '„
1,210
25
$654, 543
11,212
2,955,100
3, 245, 938
4,836,069
2,644,099
2,365,492
3,697,870
510, 724
2, 218, 569
240, 266
1,976,146
1, 263, 402
1,030,322
679.815
Under 1 (estimated)
$207
$207
1-2 (estimated) » 2.014
1-2 (estimated)
2,372
1,921
1,043
709
1,070
116
493
44
362
195
139
80
28,859
28,859
a-3 (estimated) >
2-3 (estimated)...
27,807
27,807
3-4 (estimated) '
3-4 (estimated)
28,925
28,926
4-5 (estimated) '
4-5 (estimated) ..
27,340
27, 340
6-6 »
6-6
30,968
30.968
6-7
21,465 20;53i
20,435 18,491
]«, 214 14.262
$934
1,944
1,952
2,404
2,153
2,404
3,062
1,988
3,797
17. 192
17,982
18, 529
44,195
40, 278
91. 193
96,390
51,038
(')
166,096
130,705
7-8
S-9
9-10.
69 655. 014
18, 752
11,571
11,668
12,050
11,141
13,916
49,026
33, 727
25,906
51,864
50,528
90, 749
110,663
(})
48, 503
(2)
174, 485
130,378
16,348
9,418
9,264
8,988
9,153
10, 119
31,819
16, 638
8,305
17,224
8,907
13,093
14,094
10-11
42
34
33
16
24
63
28
17
22
12
15
11
1
3
2
5
2
443, 359
392, 430
413, 163
215, 580
347, 175
1,067,807
627,480
458, 726
749,069
529, 402
820, 868
714,456
(')
263,070
(?)
612, 071
377, 111
11-12
12-13
.
13-14.
14-15
15-20.
$24
$9
20-25..
893
25-30
928
30-40...
282
3,658
182
614
9,837
40-50
2,316
50-60
13, 719
435
60-70
70-80
80-90
1,808
(')
8,389
4,343
90-100..
(')
100-150
150-200
327
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 »
260, 837
54,388
3, 376 ! fii. 142
130
Total
12, 192
37,277,185
1,101,535
384,333
745,378
4,760
32,936
years: »
1931...
7,328
7,869
8,210
8,047
9,252
9,146
9,306
12,387
12,421
11,697
33,869,092
37,245,940
43,290,997
43,349,731
44, 618, 510
42,950,279
41,465,375
46,395,290
42,829,250
37,122,696
815, 673
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
1930
1929
1
1928
1927
1926
1924
1923
1922
For footnotes, see p. 130.
61684—34-
92
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
IDAHO
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) •-.
Under 1 (estimated)
1-2 (estimated) '
293
1
955
1,439
1,038
553
387
613
31
235
14
103
37
11
10
10
8
4
7
5
$171,745
(^)
1, 380, 304
1, 959, 096
2, 689, 183
1, 415, 106
1, 282, 044
2, 096, 262
136, 914
1, 047, 604
77, 956
564, 702
237, 396
80, 588
85, 721
93, 657
81, 668
46, 153
89,354
68, 365
(2)
(2)
$18, 480
$18, 480
2-3 (estimated) '
„i
13, 894
13, 894
3-4 (estimated) '
1
18, 671
18, 571
4r-5 (estimated) i -
16, 242
16, 242
6-6 I
6-6
9,981
3,706
1,658
3,140
2,790
2,068
1,078
2,314
1,457
9,981
3.651
1,612
2,883
2,452
1,713
794
1,685
807
6-7
$156
146
267
338
365
284
629
660
7 8 -
8 9 -
9 10
10-11 . .
11 12 . .
12-13 -.
13-14
14-15
15-20 -
20-25 --
4
(2)
W
(0
W
(2)
25 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
400-600
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
84, 760
1,734
1,616
2,080
1,962
5,758
13, 688, 578
97, 113
94, 181
4,894
1,962
years: ^
5,864
7.852
9,830
9,808
10, 673
11,617
12, 907
21,436
25, 012
23, 369
18, 350, 071
27, 757, 374
38, 525, 958
37, 121, 872
38, 448, 758
39, 887, 951
40, 443, 781
52,301,491
58, 393, 333
51, 166,793
46, 045
128, 290
184, 325
283, 172
247, 272
184, 344
170,912
261,008
426, 196
478, 706
1930
1928
1926
1924
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
93
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
ILLINOIS
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) •.. .
Under 1 (estimated)
1-2 (estimated) '-
19, 061
709
60, 107
68, 078
$12, 245, 254
355, 737
72, 679, 624
95. 369. 807
$10, 156
$10, 156
992, 783
992, 783
::::::::::
2-3 (estimated) •
43 240 1 109. aig. i24
25, 602
14,523
23, 276
1,806
12, 248
690
65. 123, 460
48, 234, 116
80, 203, 280
7, 880, 584
64, 587, 797
3, 766, 139
40, 662, 431
31, 326, 761
24, 588, 220
18, 310, 940
15, 396, 127
12,840,487
9, 986, 490
8, 754, 762
7, 782, 218
6, 886, 832
26. 124, 975
19, 241, 216
13, 319, 207
20, 974, 585
13, 865, 527
10, 313, 175
6, 297, 117
4, 788, 585
4,559,119
2, 542, 468
6, 551, 533
4, 421, 562
1, 680, 126
1, 574, 877
2, 024, 039
4,357,928
(2)
(2)
728, 218
728, 218
765, 721
756, 721
736, 790
736, 790
5-6 '
5-6
7,444
4,845
3,293
2,162
1,622
1,224
869
701
577
475
1,521
862
488
613
311
188
97
64
54
27
54
26
8
6
711,778
631,316
599, 326
529, 345
505, 818
459, 303
400, 117
360, 796
342, 701
330, 047
1, 238, 006
1, 053, 379
735, 310
1, 436, 790
1, 098, 039
891,945
716, 241
592, 250
729, 941
448, 195
1, 557, 680
1, 124, 077
464, 774
529, 579
636, 960
(2)
1, 442, 445
711,778
608, 236
551,451
476, 416
449, 105
398, 266
339, 823
294,953
271, 036
254, 614
994, 660
827, 245
664, 468
889, 484
560, 504
386, 549
193, 397
148, 367
125, 035
65, 701
151,383
75, 833
39, 778
48, 364
16, 993
6-7
$23, 080
47, 876
62, 929
56, 713
61, 037
60,294
65, 843
71,665
75, 433
427, 173
537, 614
533, 132
1, 225, 434
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$791
4,264
16, 292
34. 469
$184, 618
20-25
315, 744
25-30.
378, 682
30-40
712, 697
40-50
1,136,814 27,094
1, 079, 502 62, 795
801,716 i 34.493
626, 373
50-60
626, 901
60-70.
313, 365
70-80
744, 360
818, 509
503, 028
1,617,586
1,377,163
462, 895
613, 199
798, 751
(2)
1, 694, 653
8
12, 332
18, 341
7,274
45, 269
20, 702
26,842
312, 809
80-90 .. .
231,944
90-100
127,808
100-150.
256, 558
150-200
349, 621
200-250
64, 741
250-300
131, 984
300-400-
6
10,136
288, 919
400-500
1
7
1
2
(0
500-750 ... -
26, 568
(»)
81, 847
(0
360, 623
750-1,000 :
1,000-1,500
(2)
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped '
4, 004, 941
1, 224, 404 8, 418
1
1, 635, 816
81, 262
501, 092
Total
286, 888
872,941,170
23,914,230 ,12.702.093
16, 522, 214
474, 202
5, 784, 279
Summary for preceding
years: 3
1931
270,769
327, 631
369, 855
373, 621
378, 859
374, 725
357, 448
652, 501
676, 489
614, 449
1,182,411,350
1,630,447,207
2, 258, 945, 768
2, 392, 631, 092
2, 093, 908, 574
1,995,011,009
1, 975, 436, 222
2, 413, 605, 350
2, 272, 960, 122
1 . 927. 637. 451
22, 602, 123
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
1930
1929
1928
1927
1
1926
1925
1924.
1923
1922
i '
For footnotes, see p. 130.
94
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
INDIANA
Net income classes
(Thousands of dollars)
Number
of
returns
Net income
Tax
Tax before tax credit
Normal
tax
Surtax
12K per-
cent on
capital
net gain
Tax
credit —
12H per-
cent on
capital
net loss
Under 1 (estimated) '...
Under 1 (estimated)
1-2 (estimated) '
1-2 (estimated)
2-3 (estimated) >
2-3 (estimated)
3-4 (estimated) '
3-4 (estimated)
4-5 (estimated) i
4-5 (estimated)
5-6 »
&-6
6-7
7-8
8-9
fr-lO
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
Glasses grouped '
5,739
106
11,916
13, 208
13, 234
4,865
3,219
4,519
432
1,873
208
1,262
808
542
369
249
201
150
121
i92
»74
221
101
60
60
31
22
10
6
4
5
8
2
1
2
1
$3,734,392
47, 108
17, 198, 639
17, 384, 115
33, 330, 972
12,807,177
10, 701, 765
15, 556, 693
1,907,044
8, 296, 245
1,141,417
6,876,673
5, 225, 888
4, 040, 688
3, 122, 324
2, 358, 945
2, 105, 545
1, 723, 667
1, 507, 045
1, 234, 356
1,075,027
3, 791, 287
2, 249, 205
1, 628, 520
2, 074, 935
1, 375, 666
1, 210, 249
635, 851
434, 901
343, 157
484, 063
953, 377
354, 801
(')
(')
141, 556
"so," 044
115,043
98,996
113, 474
96, 117
93,991
78, 820
68,082
68, 735
58, 978
64, 496
46, 729
43, 617
180, 049
117, 742
102, 955
159, 330
120, 810
93, 819
69, 495
71, 293
89, 494
99,804
249, 957
74, 584
(»)
(»)
('
141, 556
"85.'644'
113,474
92, 096
86, 005
69, 764
69, 243
68, 862
48, 578
63, 157
35, 704
31, 857
127, 988
74, 946
51, 990
65, 762
45, 326
17, 694
8,120
7,840
24, 567
16, 349
11, 041
30
(»)
(»)
$4, 021
7,986
9,056
8,839
9,883
10, 400
11, 339
11, 025
11, 760
61, 806
62, 767
63, 938
113, 425
117, 197
125, 966
74, 872
57, 055
64, 927
93, 694
228, 360
55, 804
(2)
(')
(»)
$53 f
15
2,477
8,867
385
5,741
7,490
3,494
11, 244
18,750
19, 986
15, 450
28, 724
42, 098
55, 571
13, 497
1,092
13, 733
«
(«)
(>)
«
1, 695, 956
712, 740
Total.
63, 722
168,607,693
3, 311, 606
Summary for preceding
years: »
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
54, 534
65, 679
76, 493
75, 376
76, 703
77,126
80,300
156, 845
178, 831
153,469
204,
280,
366,
365,
349,
358,
344,
461,
510,
426,
130, 790
940, 214
846, 042
336, 866
434, 464
624, 820
266, 673
717, 343
507, 072
365, 818
2, 540, 943
5, 109, 577
8,208,031
10, 100, 848
8, 884, 047
9,934,476
7, 508, 733
6, 655, 660
7, 882, 768
9, 678, 511
4,480
708, 178
82
1, 541, 358
1, 912, 287 58, 598
200, 637
For footnotes, see p. 130.
STATISTICS OP INCOME
95
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
IOWA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
1
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
2,187
104
9,413
8,332
9,155
3,428
3,034
2,760
298
1,356
97
752
444
292
215
150
115
75
62
51
35
102
52
39
38
15
9
4
3
5
2
$1,216,974
50, 505
13, 585, 080
11, 463, 382
23, 261, 906
8, 849, 884
10, 095, 026
9,466,938
1, 307, 298
6, 016, 701
534, 039
4, 101, 198
2, 866, 211
2, 180, 614
1, 818, 934
1, 414, 607
1,201,820
861, 652
775, 319
689, 032
507,462
1, 747, 289
1, 165, 555
1, 076, 441
1,313,657
694, 152
480, 753
269, 411
217,854
428, 850
183, 289
Under 1 (estimated)
1-2 (estimated) i . .
$1, 407
$1, 407
1-2 (estimated)
116, 826
116,826
2-3 (estimated) '
2-3 (estimated)
89,324
89,324
3-4 (estimated) '
83. 701
83, 701
78, 472
78,472
5-6 1
5-6
67, 212
53,046
49, 795
62, 255
43, 258
38, 522
29,985
34, 182
26, 635
22, 438
75,772
70, 197
73, 674
96, 759
71,832
51,654
25, 733
32, 685
72,388
46,239
67, 212
6-7
51,038
45, 341
47,056
38, 165
33,005
24,855
28,284
20,309
17,010
50, 840
45, 674
34, 616
49,064
23,416
8,409
8,267
9,720
6,766
8,903
$2,008
4,454
5,199
5,093
5,517
5,130
5.898
6,326
5,428
28,412
32, 906
45, 271
73, 257
62, 647
49,089
38, 569
34,038
51, 385
37, 336
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$3,480
20-25
$19
8,402
25-30
6,213
30-40
9,404
3
34,966
40-50
14,234
50-60 .. .
5,844
60-70
21,103
70-80
11, 073
80-90
15, 117
880
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
42,624
109, 841, 833
1. 403, 991
987, 680
497,963
24,543
106, 195
Summary for preceding
years: *
1931
29, 850
39,917
45, 023
40, 789
45, 349
49, 476
50, 379
110, 404
135, 864
131,870
119, 218, 130
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
1, 137, 299
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
1930
1929
1928
1927
1926
1925
1923
For footnotes, see p. 130.
96
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
KANSAS
Number
of
returns
Net Income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
123^ per-
cent on
capital
net gain
Under 1 (estimated) '...
4,398
66
5,881
5,349
5,241
1,901
1.251
2,322
197
1,231
63
515
324
218
149
108
78
69
38
25
24
88
34
23
21
10
7
4
1
$2, 691, 316
37, 562
8, 618, 161
7,451,718
13, 048, 355
4, 905, 260
4, 128, 296
8, 058, 002
863, 060
5, 472, 516
343, 498
2, 807, 972
2, 089, 006
1,626,766
1, 260, 932
1, 018, 688
818, 600
791, 155
475, 670
336, 033
345, 416
1, 510, 559
759, 101
642, 927
718.340
433, 133
376, 361
256, 668
(2)
Under 1 (estimated)
$637
$637
1-2 (estimated) '
1-2 (estimated)
81,772
81, 772
2-3 (estimated) '
2-3 (estimated)
49, 705
49, 705
3-4 (estimated) '
3-4 (estimated)
76, 120
76, 120
4-5 (estimated) '
4-5 (estimated) -
74,971
74, 971
5-6 1
5-«
47, 233
39, 687
38, 075
34, 428
30, 231
25, 220
30,948
18. 065
14.711
17. 327
74, 813
50, 185
49, 107
70, 074
31,841
55,817
42, 653
(2)
47. 233
38, 238
34,900
30,828
26, 631
21, 498
26,244
14, 438
11, 715
13, 844
53, 394
33, 403
27,444
30, 468
6,200
19, 040
10, 798
(2)
6-7
$1,449
3,175
3,600
3,600
3,722
4,704
3,627
2,996
3,483
24,451
20, 276
27.124
47.429
35.825
30, 397
28,802
7-8.
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$1,006
332
572
862
""'8,'627"
3,053
$4, 038
20-25
3,826
25-30
6,033
30-40
8,685
40-50
10, 184
50-60
2,247
60-70
70-80
80-90.
90-100
100-150
3
1
1
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
150-200
200-250
250-300..
300-400 .
1
1
(2)
(2)
(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. -
6,000 and over
Classes grouped ^
1, 662, 072
270, 191
28, 360
90. 967
150, 864
Total
29, 643
73. 547, 043
1,223,811
757, 881
335. 627
165, 316
35, 013
Summary for preceding
1931
27, 495
32, 660
37, 557
32. 929
35. 575
32, 732
34, 284
84, 080
86, 291
86, 915
91,616,462
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
880, 318
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
1929
1927
1925
::::::::::::...:....
1923
For footnotes, see p. 130.
STATISTICS OF INCOME
97
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
KENTUCKY
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12}^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) '...
2,809
74
6,693
6,297
5,923
2,300
1,771
2,317
314
1,155
159
698
492
362
215
172
116
94
63
48
41
134
70
37
48
23
9
10
3
2
2
1
$1,902,641
47,641
9, 604, 773
8, 411, 476
14,929,790
5, 964, 191
5, 906, 784
7, 947, 618
1, 395, 306
5, 141, 247
867, 431
3, 819, 336
3, 171, 198
2, 702, 122
1, 825. 669
1, 629, 066
1, 213. 206
1, 079, 842
785, 373
647, 779
591, 539
2, 279, 737
1, 554, 088
1, 015, 984
1, 640, 641
1, 007, 462
480, 629
652, 418
225, 704
166, 853
(»)
(2)
Under 1 (estimated)
$765
$765
1-2 (estimated) '
1-2 (estimated)
74, 252
74, 252
2-3 (estimated) i
2-3 (estimated)
49.276
49, 276
3-4 (estimated) i
3-4 (p.-itiTrifit^^d) . ,
63. 490
63,490
4-5 (estimated) i
4-5 (estimated)
66. 190
66, 190
5-6 1
5-6
60. 766
50. 112
54. 349
45, 189
47, 053
40,339
32, 284
24,452
23,544
19, 755
89, 513
83,999
68, 165
114, 271
93, 574
52, 659
61, 259
19, 703
34, 656
(2)
60, 766
47, 981
49, 029
39,849
41,050
34, 127
25,841
18,492
17, 548
13, 722
62, 160
49, 935
37, 550
51,518
25, 364
20, 194
6-7
$2, 131
5,320
5,340
6,003
6,212
6,443
5.960
5,996
6,033
36, 815
43, 314
41, 919
94, 883
76, 357
52. 027
7-8
8-9
9-10--
10-11
11-12
12-13
13-14..
14-15.
15-20
$9. 462
20-25..
$1, 522
957
2,843
7,984
10. 772
26-30..
12. 261
30-40.-
34, 973
40-50...
16, 131
50-60
19, 562
60-70
13, 88S 88. 070
733
41, 432
70-80..
194
4,602
(2)
(2)
36, 749
30, 582
(2)
(2)
17,240
80-90..
528
90-100
(2)
100-150...
(2)
150-200...
200-250
1
(2)
(2)
(')
250-300
300-400
1
(2)
(2)
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-.
.
5,000 and over..
Classes grouped '
876, 998
285. 015
3,294
278, 731
8.689
5,699
Total
32. 454
89,484,542
1, 554, 630
871, 077
828,885
22.728
168, 060
Summary for preceding
1931.
26.991
31,021
34,623
35, 367
33,004
32,821
37,315
72, 119
79,091
69,666
103, 279, 556
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
1, 012, 557
1,926,048
5, 076, 854
5, 639, 394
4, 027, 734
3,226,344
3, 299, 792
3, 805, 669
3, 723, 960
4, 676, 804
1930
1929..
1928
1927
1926
1925
1924
1923..
1922...
For footnotes, see p. 130.
98
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 hy States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
LOUISIANA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) i...
2,950
8
6,963
6,846
5,723
2,903
2,034
3,094
274
1,683
86
903
466
288
177
126
83
68
57
46
32
123
54
31
22
22
2
1
3
2
$1, 916, 762
2,462
10,084,892
7, 818, 466
14, 465, OrO
7, 493, 376
6, 779, 976
10, 740, 821
1, 208, 236
7, 040, 089
469, 502
4, 937, 550
3, 003, 301
2, 165, 172
1, 502, 094
1, 180, 912
865, 803
780, 611
711,976
621, 388
469, 401
2, 121, 479
1, 210, 138
849, 506
780, 881
997, 779
(2)
(2)
215, 684
162, 613
Under 1 (estimated)
$79
$79
1-2 (estimated) '
1-2 (estimated)
63, 816
63,816
2-3 (estimated) i
2-3 (estimated)
64, 601
64, 601
3-4 (estimated) '
3-4 (estimated)
116,580
116, 680
4-5 (estimated) •
4-5 (estimated)
108, 714
108, 714
6-6 1
6-6
96, 196
68, 591
61, 966
49, 946
38, 399
34, 256
27, 903
29, 429
26, 746
22, 147
101,541
78, 406
64, 975
50, 065
74, 498
(2)
(2)
23, 340
568
96, 196
66, 541
67, 817
45, 592
34, 371
30, 301
23, 363
24, 028
20, 986
16, 833
80, 524
50, 324
37, 298
29, 840
47, 399
(2)
(2)
649
1,581
6-7 "
$2, 050
4,148
4,354
4,028
3,966
4,650
5,401
5,761
5,314
34, 722
31, 951
32,966
45, 257
87, 541
(2)
(2)
12,334
28,876
7-8 "
8-9 ■"
9-10 ""
10-11.... "
11-12
12-13
13-14
14-15
15-20....
$13, 705
20-25
$2,072
771
3,663
92
5,941
25-30
6,060
30-40
28, 605
40-50
60, 534
50-60 -
60-70
70-80
14,954
4,597
80-90
29, 888
90-100
100-150
3
341, 282
68, 625
14,441
87, 196
33, 012
150-200
200-250
250-300
300-400
400-500
SOO-750.. .
2
1,069,136
132, 392
132, 392
760-1,000.
1,000-1,600
1,600-2,000
2,000-3,000
3,000-4,000-
4,000-6,000-.-
5,000 and over
Classes grouped ' .
178, 066
19, 742
4,905
14,837
Total
33,974
92, 164, 323
1, 423, 510
1, 036, 768
416, 240
163, 844
182, 342
Summary for preceding
1931
28,934
32, 979
35, 093
36, 981
37, 293
38, 996
40,695
67, 668
67,440
66, 972
107, 673, 824
138,836,043
170, 713, 998
184, 035, 325
176, 254, 161
185, 478, 860
196, 685, 488
221, 133, 422
213, 802, 460
203, 664, 606
891,912
1, 599, 639
2, 859, 668
4, 380, 028
3, 174, 839
3,311,636
3, 860, 206
3, 628, 611
4, 438, 464
6, 353, 674
1929
1927
1926
1923
For footnotes, see p. 130.
STATISTICS OF INCOME
99
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
. credit; also total number, net income, and tax for prior years — Continued
MAINE
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12H per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) >...
Under 1 (estimated)
1-2 (estimated) "..
1,766
81
3,586
4,582
3,282
1,610
973
1,779
167
875
82
509
386
265
176
144
88
73
62
36
35
110
71
31
43
21
10
5
3
7
1
6
$1, 188, 341
41, 759
5, 146, 324
6,095,623
8, 235, 335
4,130,478
3, 274, 209
6, 110, 757
729, 646
3, 926, 521
450, Oil
2, 783, 779
2, 504, 960
1, 973, 633
1, 484, 649
1, 363, 395
918, 785
837,347
769, 226
483, 458
506, 285
1,888,155
1, 581, 269
845, 972
1, 467, 163
960, 590
552, 243
329, 256
222, 832
587, 754
(2)
705, 155
$1,014
$1,014
54,297
54,297
37,969
37,969
3-4 (estimated) •
52,675
52, 675
4-5 (estimated) '
52, 995
52,995
5-6 '
5-6
47, 639
46, 161
43, 948
38, 142
38, 595
27,837
28,240
29, 922
17, 786
22, 915
72, 024
84, 030
49, 525
92, 871
88, 371
13, 040
42, 078
28, 205
67, 962
132, 179
47, 539
44, 210
40, 177
33, 908
33, 592
23, 548
23, 259
24, 419
13,365
17, 324
54,588
57, 747
29,983
39, 574
25, 198
6-7
$1, 951
3,771
4,234
5,003
4,289
4,981
5,503
4,421
5,591
31, 034
44,619
33, 812
78,779
80.801
7-8
8-9
9 10
l(hll
11-12
12-13
13-14
14-15
15-20
$33
1,317
2,086
9,389
3,039
$13,631
20-25..-
19, 653
25-30.-
16, 356
30-40
34, 871
40-50
20, 667
60-60
9,474 1 62,244
4,6en 1 45.881
58, 678
60-70
8,493
70-80
5,578
8,993
(2)
5,380
35, 712
75,005
(2)
130, 582
13,085
80-90
18,318
34,354
90-100
m
100-150 ---
19, 420
23,203
150-200
200-250
250-300
300-400
2
(2)
(2)
(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
Classes grouped '
886,424
386, 964
33,036
359,724
5,796
Total
20, 867
62,981,334
1, 597, 284
774, 532
1,017,937
53, 602
248, 787
Summary for preced-
ing years: '
1931
16, 218
17,829
19, 173
18, 611
18, 710
19, 709
19,444
42,254
48, 435
43,041
74, 771, 180
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
1, 527, 436
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
1930
1929
1928
1927
1925
1924
1923
1922
For footnotes, see p. 130.
100
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
MARYLAND
Net income classes
(Thousands of dollars)
Under 1 (estimated) '.
Under l (estimated)..
1-2 (estimated) '-
1-2 (estimated)
2-3 (estimated) '
2-3 (estimated)
3-4 (estimated) '
3-4 (estimated)
4-5 (estimated) '
4-5 (estimated)
5-61
5-6 -
6-7 - -.-.
7-8
8-9 -.- — -
9-10
l(hU
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...
6,000 and over...
Classes grouped '
Number
of
returns
8,072
189
11, 598
16, 493
12, 997
6,822
4,542
7,457
780
5,041
250
2,688
1,582
1,026
720
514
342
294
233
198
142
420
242
166
159
91
51
27
19
16
9
23
9
4
1
1
1
4
Net income
$4, 527, 856
109, 044
16, 803, 306
24, 377, 022
32, 916, 761
16, 895, 177
15, 176, 966
25, 951, 282
3, 454, 783
22, 457, 512
1, 367, 509
14, 674, 858
10, 239, 595
7, 645, 686
6, 102, 545
4, 868, 958
3, 585, 355
3, 372, 151
2, 902, 397
2, 670, 739
2, 053, 833
7, 240, 890
5, 400, 177
4, 520, 798
5, 519, 425
4,113,822
2, 778, 687
1, 748, 499
1, 419, 621
1, 353, 191
843, 199
2, 732, 645
1, 546, 583
918,213
(2)
(2)
(2)
Tax
$2, 842
'300,'067'
257, 621
'285,'557'
'3i8,"778
265, 551
203, 174
184, 920
167, 597
157, 301
126,810
127, 554
111,100
114,008
89, 516
334, 323
286, 055
307, 165
408, 242
327, 581
253, 336
197, 434
186, 225
179, 221
152, 938
500, 264
454, 635
282, 467
0)
Tax before tax credit
Normal
tax
$2, 842
300, 067
257, 624
285, 557
318, 778
265, 551
195, 736
170, 071
149, 927
139, 499
109, 832
107, 331
89, 192
89, 312
67, 060
253, 450
194, 176
183, 759
223, 763
134, 559
88, 758
43, 980
39, 912
43, 590
27, 359
38,611
13, 822
3,314
(2)
m
Surtax
$7, 438
14, 849
17, 670
17, 802
16, 978
20, 223
21, 908
24, 696
22, 456
119, 117
149, 220
196, 309
326, 918
339, 555
303, 224
231, 643
220, 077
235, 563
175, 142
644, 407
494, 706
328, 371
(2)
(*)
(2)
(2)
12K per-
cent on
capital
net gain
$277
2,645
595
7,308
13, 241
1,451
7,801
4,477
310
30, 394
9
3,644
(2)
(2)
Total.
Summary for preceding
years: '
1931
1930
1929.
1928.
1927
1926
1925
1924
1923
1922
3, 329, 786
1, 396, 150
20, 075
1, 413, 566
11, 353
83, 223
265, 618, 871
7, 978, 435
3, 857, 507
5, 341, 838
83, 505
60, 898
68,426
68, 654
65, 258
65, 099
67, 160
66, 152
126, 226
127, 770
110,896
277, 129, 170
354, 627, 248
425, 185, 985
409, 371, 465
390, 671. 215
375, 758, 859
362, 484, 950
467, 225, 699
401, 259, 584
386, 830, 235
5, 528, 213
9, 796, 084
15, 641, 824
16, 126, 803
13, 859, 686
11,517,168
11, 623, 229
12, 073, 312
11,540,437
15, 363, 765
For footnotes, see p. 130.
STATISTICS OF INCOME
101
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
MASSACHUSETTS
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit —
12M per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal-
tax
Surtax
UVz per-
cent on
capital
net gain
Under 1 (estimated) i...
24, 125
1,154
48, 535
50, 087
41, 922
23,075
10, 311
17, 437
1,692
7,882
924
5,291
3,951
2,599
1,844
1,384
1, 030
807
691
548
425
1,419
785
484
558
315
178
98
61
41
27
61
15
5
2
2
$16, 006, 349
566, 071
71, 125, 533
70, 180, 444
104, 160, 327
58, 904, 501
34, 331, 679
59, 900, 373
7, 474, 465
35, 066, 901
5, 045, 803
28, 917, 261
25, 546, 877
19,414,615
15, 613, 228
13,114,106
10, 794, 700
9, 261, 772
8, 613, 964
7, 391, 604
6, 148, 913
24, 383, 341
17,553,041
13, 171, 808
19, 283, 600
14, 069, 913
9, 648, 069
6, 291, 889
4, 575, 163
3, 475, 558
2, 543, 342
7, 331, 175
2, 554, 909
1, 127, 800
552, 780
(2)
Under 1 (estimated)
$13, 903
$13, 903
1-2 (estimated) L.
1-2 (estimated)
701, 708
701, 708
2-3 (estimated) '
2-3 (estimated).
665, 714
665, 714
3-4 (estimated) i
3-4 (estimated)
564, 623
564, 623
4-5 (estimated) L.
4-5 (estimated)
497, 812
497, 812
6-6 1
5-6
490, 139
457, 458
408, 230
387, 060
369, 811
331, 729
320, 410
307, 840
289, 196
254, 845
840, 435
776, 813
651, 137
1, 138, 348
898, 524
724, 780
540, 837
488, 629
481, 629
272, 135
1, 239, 247
675, 230
260, 675
144, 625
490, 139
438. 879
370, 217
341, 904
321, 988
280, 435
264, 405
243, 435
220, 713
187, 676
725, 465
573. 880
481, 079
620, 634
388, 540
231, 074
157, 317
117, 853
90, 663
36, 612
102, 047
46, 715
14, 075
6-7
$18, 579
38, 013
45, 156
47, 823
51, 294
56,005
64,405
68, 483
67, 169
400, 162
490, 962
530, 409
1, 171, 406
1, 185, 112
1, 017, 993
832, 037
708, 647
589, 119
496, 849
1, 853, 593
772, 337
328, 060
114, 176
(2)
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$3, 179
7,311
10, 326
12, 773
21, 551
26, 805
9,695
$288, 371
295, 340
370, 677
666, 465
696, 679
551 092
20-25
25-30
30-40
40-50
50-60...
60-70
4fiR 919
70-80
11,931 34Q sn'j
80-90
25, 818
10, 790
39, 894
22, 645
29, 920
30,449
223, 971
272, 116
756, 287
166, 467
111,380
90-100
100-150
150-200
200-250
250-300
300-400
(2)
400-500
500-750
1
(2)
(2)
(2)
(2)
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 ^
1, 249, 025
425, 627
44,738
327, 732
53, 157
Total..
249, 766
735, 390, 899
15, 619, 149
9, 234, 243
11, 275, 521
316, 244
5, 206, 859
Summary for preceding
years: 3
1931
193, 504
202, 253
800, 923, 153
1. 010. 333. 740
12, 380, 194
26, 509, 775
57, 857, 223
59, 738, 973
43, 949, 866
37,115,976
41, 052, 088
40, 857, 137
42, 527, 993
57,781,194
1930
1929
213,316 1.371.651.741
1928
215, 559
214, 356
224,042
221, 530
378, 049
415, 100
397, 241
1, 357, 076, 374
1, 189, 273, 214
1, 147, 576, 498
1, 132, 289, 870
1, 320, 156, 959
1, 413, 015, 994
1, 237, 893, 477
1927
1926
1925
1924
::::::::::: :::i
1923
1922
For footnotes, see p. 130.
102
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
MICHIGAN
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
123^ per-
cent on
capital
net gain
16, 863
116
23,246
24, 192
23,486
8,223
7,326
9,449
920
4,626
312
2,367
1,530
1,100
685
509
383
291
241
186
162
453
223
159
174
96
61
29
25
22
9
28
2
6
6
2
2
4
$10,610,913
58,922
34, 325, 246
36, 248, 628
58,630,971
20, 643, 482
24, 345, 252
32,832,064
4, 014, 504
20, 388, 235
1,712,173
12, 977, 157
9, 877, 002
8, 203, 268
5, 799, 059
4, 817, 263
4,022,753
3,331,359
2,999,088
2,509,912
2,341,920
7, 758, 211
4, 943, 989
4, 339, 248
5,954,980
4, 286, 137
3,324,507
1,893,720
1, 867, 155
1, 872, 099
859, 901
3, 482, 228
320, 041
1, 372, 347
1, 666, 424
690, 105
(*)
2,527,956
$1,450
$1,450
1-2 (estimated) '. . .
450, 802
450, 802
2-3 (estimated) i. ...
2-3 (estimated) .
299, 261
299, 261
3-4 (estimated) i
3-4 (estimated)
319, 004
319,004
4-5 (estimated) i
4-5 (estimated)
260, 297
260, 297
6-61.
5-6.
215, 271
191, 967
182,013
158,341
141,460
133,989
126,842
121,413
99, 345
99, 950
353, 120
246, 085
240, 665
392, 760
414, 278
285, 098
184,311
256, 871
306, 574
128, 131
733, 326
78,380
244,095
441, 155
194, 531
m
235, 951
215, 271
184, 580
165,862
141, 341
123, 676
114, 769
107,082
99, 152
76, 726
74, 693
273, 424
175, 000
140, 890
212, 258
150, 892
91, 188
38, 600
43, 993
45, 300
29, 495
25, 058
6-7
$7, 387
16, 151
17,000
17,784
19,220
19, 760
22, 261
22, 619
25,257
127, 404
135, 668
169, 552
338, 778
356, 368
323, 777
233, 741
256,931
343, 020
141,063
778, 619
102, 739
270, 047
660, 733
287, 873
(2)
507, 707
7-8
8-9
9-10
10-11
11-12
12-13.. . . .
13-14.. . . .
14-15 . .
15-20
$274
2,335
11,110
9,076
9,420
38, 396
18, 434
28, 126
2,876
22, 700
63, 288
$47, 982
20-25
66, 918
25-30
80, 887
30-40
167, 352
40-50
102, 402
60-60
168, 263
60-70
106, 464
70-80
72, 179
80-90
84, 622
90-100
65, 127
100-150
133, 639
150-200
24, 359
200-250
21, 462
77
72, 276
27,500
119, 690
250-300
147, 155
300-400
93, 342
400-500
7,260
(2)
166, 588
m
500-750
445, 604
750-1,000
1,000-1,500
1
(2)
(2)
(2)
(»)
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped '
2, 051, 890
843, 580
2,697
799,940
42,104
1,161
Total
127, 515
349, 800, 109
8, 380, 316
3, 891, 560
5,901,399
514, 503
1,927,146
Summary for preceding
1931
119, 623
147, 364
177, 918
179, 886
175, 806
176, 804
188, 669
323, 733
350, 072
267,953
481, 017, 650
668, 391, 038
1, 029, 756, 680
1, 066, 529, 992
950, 085, 831
905, 814, 790
910,910,113
1,045,850,046
1,041,933,086
796,411,946
11,028,018
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
1930
1928
1926
1924
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
103
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
MINNESOTA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12}^ per-
cent OD
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12K per-
cent on
capital
net gain
Under 1 (estimated) '„.
5,170
211
8,617
17, 448
9,124
6,080
3,047
4,672
425
2,282
172
1,488
1,042
647
464
337
269
200
138
124
74
290
173
89
105
50
29
13
8
8
3
6
3
1
1
$3,211,006
96,960
12, 773, 089
23, 597, 186
22, 721, 431
13, 018, 972
10, 161, 728
16, 082, 590
1,873,293
10, 108, 649
938, 427
8, 145, 014
6, 728, 373
4, 824, 825
3,922,925
3, 196, 003
2,831,311
2, 298, 160
1, 723, 021
1, 674, 818
1, 068, 913
4, 958, 775
3, 871, 705
2, 408, 596
3, 613, 579
2, 230, 575
1, 560, 898
836, 328
605, 093
684, 455
287, 611
748, 860
m
Under 1 (estimated)
$2, 097
$2,097
1-2 (estimated) '
1-2 (estimated)
224, 701
224, 701
2-3 (estimated) i
2-3 (estimated)
133, 577
133, 577
3-4 (estimated) i
3-4 (estimated)
141, 232
141, 232
4-5 (estimated) • .
4-5 (estimated)
128, 352
128, 352
5-6'
5-6
133, 428
127,006
111, 586
100, 130
95, 091
90, 536
84, 635
66, 077
70, 114
46,223
219, 324
199, 959
131, 752
229, 920
191, 247
126, 929
101, 777
71, 606
110, 761
64,532
181, 343
(»)
(»)
(»)
133,428
122, 259
102, 094
88,906
83, 034
76, 982
70. 794
53, 241
54,424
34, 668
164, 448
141, 138
85, 757
117, 949
76, 184
41, 297
24,440
12, 175
18, 230
4,943
16, 721
6-7
$4, 747
9,492
11,224
12, 057
13, 553
13,841
12,836
15, 690
11, 555
80, 061
109, 482
95, 551
213, 659
182, 204
159, 007
102,972
99, 165
128, 689
61, 138
206, 212
(.')
(2)
(')
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$688
1,028
1,339
5,232
2,113
9,658
6,192
$25,873
61,689
50,896
106,826
69,264
82,933
31,827
39, 734
36,168
1,712
41.690
(*)
20-25
25-30
30-40
40-50
50-60
60-70
70-80
80-90
flO-100
163
100-160
150-200
0)
200-250
U
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 '
968,930
293, 961
4,866
281, 558
16. 807
9,270
Total
61, 810
173, 772, 099
3, 477, 895
2,157.937
1,824,693
43, 120
647, 765
Summary for preceding
1931
62, 853
67, 539
60, 701
60, 752
61, 439
64, 227
71, 291
128, 237
134, 360
122, 885
213, 530, 771
266, 572, 313
337,880,743
340, 152, 949
295, 670, 416
296, 414, 294
305, 945, 206
376, 588, 940
372, 376, 782
348, 740, 625
2, 445, 441
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
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
104
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
MISSISSIPPI
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
12}^ per-
cent on
capital
net loss
Under 1 (estimated) '.—
1,963
28
2,836
1,429
2,054
587
440
541
51
250
25
103
65
60
24
22
16
11
4
5
5
20
3
1
5
$1,115,845
12, 684
4, 198, 587
1, 956, 379
5, 063, 144
1, 632, 005
1,479,926
1, 823, 020
226, 801
1, 104, 630
135, 755
561, 594
421, 977
450, 859
205, 937
209, 065
167,837
128, 267
50, 144
68, 463
73, 053
331, 833
(2)
(2)
171,450
Under 1 (estimated)
$318
$318
1-2 (estimated) '
1-2 (estimated) —
17, 569
17, 569
2-3 (estimated) '
2-3 (estimated)
12, 795
12, 795
3-4 (estimated) •
3-4 (estimated)
14, 185
14, 185
4-5 (estimated) '
4-5 (estimated)
13,452
13, 452
5-6'
5-6..
8,823
7,183
7,992
4,620
5,235
5,050
2,969
2,108
2,196
2,400
13, 999
(2)
8,823
6,868
7,142
4,028
4,555
4,314
2,236
1,819
1,541
1,725
11, 454
(2)
6-7.
$315
850
592
680
736
733
289
655
675
4,297
(2)
(2)
8,755
7-8.
8-9
9-10
10-11
11-12
12-13
13-14
14-15.. .
15-20
$19
$1, 771
20-25
25-30
(2)
30-40
9,635
5,545
4,665
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
95, 355
3,037
1,270
3,197
1,430
Total
10, 548
21, 584, 610
133, 566
119, 639
21, 774
19
7,866
Summary for preceding
years:'
1931
9,888
12, 147
15, 689
16, 140
16,964
17, 196
16, 985
27, 213
27,851
26, 897
27,146,285
40, 556, 389
63, 922, 168
64, 689, 480
64, 878, 684
64, 859, 892
73, 750, 950
82,652,945
83, 494, 009
76, 981, 743
87, 221
251,781
600, 076
763, 702
816, 429
643, 744
989, 451
1, 155, 729
1, 685, 439
1, 803, 632
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
105
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
MISSOURI
Niimber
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
uyi per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
\2\i per-
cent on
capital
net gain
Under 1 (estimated)" —
Under 1 (estimated)
6.093
157
17, 853
19. 895
17, 884
7,595
4,468
7,524
695
4,253
270
2,320
1,576
1,114
780
553
397
318
255
207
178
529
297
176
152
99
54
37
19
16
11
20
8
2
2
$4, 129, 926
93, 445
26, 186. 466
27, 654, 818
44, 612, 697
19,481,452
14,835,147
26, 181, 329
3, 076, 315
18,953,790
1, 473, 443
12, 710, 928
10,180,280
8, 330, 062
6, 613, 898
$2,260
$2,260
292, 703
292, 703
''-3 (estimated)
203, 327
203, 327
3-4 ((estimated)'
237,658
237,668
262, 906
262,906
5-61
5-6
217, 775
191, 175
186, 505
17fi. 2fi2
217, 775
183, 810
170, 181
156, 875
134, 101
115,543
107, 933
102, 734
84, 431
90, 312
306, 591
242, 729
171,615
156, 927
136, 371
74,013
39, 690
23, 489
24,673
26,123
25, 163
2,254
10, 103
6-7
$7, 365
16,324
19, 387
18, 987
19, 490
21, 923
24.863
25,505
28,379
153, 309
185, 256
191,957
304, 880
361. 256
305, 968
282, 153
208, 893
207, 967
198, 348
552, 758
352, 450
162, 980
{')
7-8
8-9
9-10
5,236,201 153!nSS
10-11
4,154,855
3, 651, 969
3, 182, 924
2, 787, 662
2, 579, 421
9,141,949
6, 601, 281
4, 788, 345
5, 259, 985
4, 374, 984
2, 937, 808
2, 381, 385
1,421,873
1, 360, 223
1, 039, 927
2, 379, 451
1, 433, 051
442, 121
(»)
135, 033
129, 856
127, 597
109,936
118,691
421, 720
346, 331
296, 040
354,046
379. 998
269, 044
292, 814
189,117
233, 768
199, 246
471, 949
351, 609
173. 083
(})
11-12
12-13
ia-14
14-15 .
15-20
$325
2.221
7,473
14,905
6,641
7,458
25, 991
9,694
27, 353
9,510
30, 051
45, 743
$38, 505
20-25 -
83, 875
25-30
75,005
30-40.-
122, 666
40-50..-
124, 270
50-60
118, 395
60-70
65,020
70-80
52,959
80-90
26, 225
90-100
34, 735
100-150
136, 023
150-200..
200-250
48,838
250-300..-
«
(»)
300-400
400-500
1
(?)
(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
1, 032, 357
351,211
1,717
330, 979
28,377
9,862
9.5, 808
290. 701, 858
6,874,748
3,604,007
3,981,377
215,742
926, 378
years: s
80, 356
85, 507
98, 367
99, 295
96, 407
99,509
109, 059
186, 784
192, 282
173, 728
331, 482, 726
419, 648, 187
558, 127, 649
563, 951, 553
501,495,130
512, 801, 163
533,836,188
632, 532, 962
605, 275, 520
526, 387, 658
4, 747, 522
8, 750, 374
16, 416, 897
18, 910, 977
13, 738, 256
13, 496, 872
14, 246, 816
12, 373, 492
13, 085, 218
15, 972, 706
1930
1928
1926
1924
1922
For footnotes, see p. 130.
106
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 by States and Territories and hy net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
MONTANA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
credit —
12}^ per-
cent on
capital
net loss
Under 1 (estimated) i...
162
14
1,625
2,616
1,625
1,059
655
1,154
67
472
26
186
135
63
56
44
22
21
11
5
9
17
11
7
9
7
1
2
1
1
1
2
$95, 204
7,812
2, 365, 366
3, 910, 910
4, 235, 508
2, 646, 560
2, 178, 272
3, 990, 201
289, 513
2, 098, 448
142, 664
1, 005, 847
872, 992
470, 051
476, 541
420, 329
229, 914
241, 583
137, 653
67, 310
131, 185
303, 916
264, 420
191, 634
302, 263
314, 663
(2)
125, 371
i})
(2)
(2)
(0
Under 1 (estimated)
$80
$80
1-2 (estimated)'
1-2 (estimated)
49, 553
49, 563
2-3 (estimated)i
2-3 (estimated)
36,200
36,200
3-4 (estimated) 1
3-4 (estimated)
36, 869
36,869
4-5 (estimated) 1
4-5 (estimated)
26, 979
26, 979
5-61
5-6
16, 142
17, 051
11, 794
12, 765
13, 364
7,974
8,556
5,749
2,037
8,267
14, 596
14, 347
10, 317
17, 829
35, 529
16, 142
16,414
10, 887
11, 375
11,801
6,895
7,108
4,699
1,417
6,801
10, 394
8,746
5,163
6,073
9,667
6-7 -
$637
907
1,390
1,663
1,079
1,447
1,050
620
1,466
5,450
7,772
7,952
17, 535
27, 314
(')
16, 438
(2)
(2)
(2)
(?)
7-8
8-9 -
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$8
$1, 256
20-25
2,171
2,798
5 779
25-30
30-40
40-50
25
1,477
(?)
50-60
60-70
20, 785
(?)
(})
(«)
(2)
4,347
(»)
70-80
(?)
80-90
90-100
(2)
(?)
(J)
100-150
(J)
150-200
200-250
1
(2)
(?)
(?)
(!)
250-300
300-400
400-500
500-750
750-1,000
1,000-1,600
1,600-2,000 .
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over..
726, 486
129, 903
17, 607
180, 013
17
67, 734
10, 087
28, 221, 605
496, 685
305, 217
272, 633
60
81, 216
Summary for preceding
years: '
9,722
11, 635
17, 067
17, 112
18, 651
16, 191
19, 239
44,011
42, 809
38, 044
34, 667, 097
46, 496, 235
71, 397, 232
72, 908, 121
69, 654, 023
59, 289, 994
66, 825, 486
107,241,911
99, 255, 947
83, 903, 851
209, 809
461, 296
1, 019, 300
1, 298, 024
867, 944
661,833
580, 196
731,111
721, 406
1, 029, 196
1930
1928
1927
1926
1924
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
107
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NEBRASKA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12H per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) •—
Under 1 (estimated)
1-2 (estimated) i
2,446
58
4,853
5,544
4,126
2,078
1,280
2,154
181
923
47
532
338
214
131
125
85
68
46
46
26
95
40
22
31
10
2
$1, 421, 634
36, 550
7, 038, 984
7, 726, 546
10, 397, 598
6, 286, 774
4, 264, 171
7, 430, 667
791,851
4, 098, 181
254, 159
2, 90S, 108
2, 184, 410
1, 595, 646
1,111,210
1, 183, 942
887,431
780, 802
575, 216
618, 384
361, 652
1, 631, 236
900, 153
593, 741
1, 076, 165
444, 346
$1, 035
$1, 036
83, 493
83,493
2-3 (estimated) »
53,832
53,832
3-4 (estimated) >
63, 614
63, 614
4-5 (estimated) '
55, 113
65, 113
5-6 '
6-6
48, 832
42, 126
37, 326
29, 822
36, 267
27, 739
29, 553
20, 278
28,691
15, 736
82, 310
65, 506
40, 102
90, 940
48, 307
(2)
48,832
40, 560
34, 306
26, 570
32, 029
23,647
24,884
15, 969
22,643
11, 769
62, 276
35, 366
25, 541
42,511
16, 873
(■')
6-7
$1, 566
3,020
3,252
4,238
4,092
4,669
4,309
6,048
3,967
26, 539
26,900
23, 092
65, 196
40, 433
7-8
8-9
9-10
10-11
11 12
12 13
13-14
14-15 . -
15-20
$6, 605
20-25
$248
7,008
25-30
8,531
30-40
318
17,085
40-50
8,999
50-60
(2)
(»)
60-70
70-80
1
1
(»)
(2)
(»)
80-90
(2)
(')
90-100
100-150
1
m
(')
(2)
(2)
C)
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
407,479
79,941
9,249
61, 262
10, 876
1,446
26, 503
66, 007, 036
970, 563
730, 112
278, 583
11,442
49, 574
years: '
23, 940
27,271
30, 962
31,426
32, 170
33, 532
35, 661
66, 512
70, 545
67, 503
86, 120. 131
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
723,426
1,381,310
1, 919, 473
2, 109, 341
1, 427, 747
1, 381, 307
1, 732, 635
1, 848, 121
2, 634, 267
3, 165, 433
1930
1928
1926
1924
1922
For footnotes, see p. 130.
61684—34 8
108
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NEVADA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12}^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) '
324
3
585
1,193
687
427
174
410
23
180
11
70
28
16
13
7
3
8
3
5
4
9
3
2
2
5
1
$198,810
1,384
888, 761
1, 744, 622
1, 465, 625
1, 061, 126
578, 732
1, 427, 227
103, 043
797, 755
59, 561
384, 779
178, 606
120, 951
110,061
66, 860
30, 976
92, 218
37, 272
66, 883
58, 889
151, 799
64, 376
52, 180
70,423
223, 734
Under 1 (estimated)
1-2 (estimated) i
$47
$47
19, 162
19, 162
2-3 (estimated) '
2-3 (estimated)
13, 797
13, 797
3-4 (estimated) i
16, 463
16, 453
4-5 (estimated) •
12,925
12,925
5-61
5-6
7,346
3,340
3,392
2,754
3,034
1,086
4,185
1,544
2,793
3,007
7,306
3,245
978
4,531
20, 768
(0
7,346
3,236
3,142
2,434
2,785
947
3,620
1,370
2,320
2,331
5,080
1,575
1,513
2,266
8,993
6-7
$104
250
320
249
139
565
174
473
676
2,535
1,670
1,980
3,028
19, 350
(»)
7-8..
8-9..
9-10
10-11 .
11-12
12-13
13-14 _
14-15
15-20
$309
20-25
25-30
2,515
30-40
$1, 166
1,929
40-50 .
7,575
50-60
60-70
70-80
2
(2)
(2)
(^)
m
(')
80-90
90-100
100-150
1
3
(')
617, 978
(2)
179, 714
172, 688
150-200 . ..
7,026
200-250
250-300
300-400
400-500
500-750
750-1,000
1,000-1,566
1,500-2,000
2 000-3,000
3,000-4,000
4,000-5,000
313, 112
50,971
505
56, 253
6,787
Total
4,102
10,867,743
362, 378
118,873
260, 454
1,166
18,115
Summary for preceding
years: »
1931
3,431
4,006
5,174
4,477
4,702
4,797
6,164
10, 664
10, 467
9,723
14,041,657
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
349, 026
472, 636
3.56, 444
477, 673
228, 799
195, 497
178, 361
184, 334
241,291
258, 732
1929
1927
1925 -
1924
1923
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
109
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NEW HAMPSHIRE
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12Ji per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Siu'tax
12H per-
cent on
capital
net gain
Under 1 (estimated) '
1,532
54
3,107
3,309
2,409
1,200
783
1,128
168
594
94
352
283
163
98
82
62
39
44
30
27
76
28
21
28
6
8
3
3
3
$970, 692
32, 035
4, 492, 991
4, 484, 953
5, 992, 296
3, 080, 227
2, 624, 601
3,881,896
749, 354
2, 650, 120
511, 187
1, 915, 670
1, 832. 239
1,214,612
832, 551
778, 069
647, 934
448, 138
551, 047
406, 560
390, 760
1, 300. 087
629, 515
575, 327
975, 531
260, 905
437, 295
188, 384
229, 625
258, 027
$416
$416
1-2 (estimated) '
1-2 (estimated)
42. 614
42, 614
2-3 (estimated) '
2-3 (estimated)
26,936
26. 936
3-4 (estimated) '
3-4 (estimated)
32,685
32,685
4-6 (estimated) ' .
4-5 (estimated) ..
33, 626
33, 626
5-6'
5-6
32, 102
31,311
24, 551
18, 925
21,"853
17, 430
14,442
18, 527
11,951
13, 338
47, 195
33, 214
33, 046
62, 209
15, 764
46, 165
12, 263
20,704
31, 458
32. 102
29, 982
22, 177
16,506
19, 068
14, 398
11,719
14, 348
8,277
9,212
37, 098
16, 215
16, 264
28, 353
13, 305
17, 402
849
2,669
6,003
6-7
$1,329
2,374
2,419
2,785
3,032
2,723
4,179
3,674
4,126
21, 210
18, 140
23,893
55, 657
21, 720
42,298
24, 751
38, 137
48,979
7-8
8-9
9-10
10-11
11-12
12-13
13-14-.
14-15.. ..-n -
15-20
$77
4
$11, 190
20-25
1,145
25-30...
7,111
30-40
6,156
26, 857
40-50..
19, 261
50-60
6,964
20, 499
60-70.
13, 337
70-80-
20, 102
80-90. -
23, 524
90-100
100-150
3
1
(2)
(»)
(»)
(»)
(')
(■21
(')
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 ' . ...
511, 947
104, 122
1,780
124,643
4,930
27.231
Total
15, 738
43, 854, 575
746, 847
454. 004
445, 969
17, 131
170.257
Summary for preceding
years: »
1931
12, 477
13, 927
14, 341
14, 132
14, 484
15,276
16,413
31, 532
36, 876
31, 787
49, 243, 306
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
563. 289
952. 064
1, 734. 828
1.991,854
1.824.931
1.201.298
1. 218. 822
1. 377, 393
1, 643, 150
1930
1929
1928
1927
1926
1925
1924.
1923..-
1922..
For footnotes, see p. 130.
no
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 hy States and Territories and hy net income
classes, showing number [of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NEW JERSEY
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 (estimated) »
3-4 (estimated)
4-6 (estimated) '
4-6 (estimated)
6-61
6-6
6-7
7-8
8^
9-10
10-11
11-12
12-13
13-14
14-16
16-20
20-25
26-30
30-40
40-60
60-60
60-70
70-80
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
4,000-6,000
6,000 and over
Total.
Summary for preceding
years: '
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
Number
of
returns
13,786
727
37,494
42,768
37,374
18,903
12,426
19,068
1,713
10,814
674
6,978
4,107
2,648
1,798
1,387
966
764
554
469
363
1,168
694
388
435
194
121
75
55
32
18
51
16
9
5
4
3
3
2
2
217,812
178, 754
187,943
195, 772
196, 681
195, 467
176, 320
150, 874
299, 904
293, 603
301, 834
Net income
$9, 027, 248
403,968
66,416,319
58,900,037
94,130,357
48,468,634
41,518,985
65,846,360
7,460,066
48,187,441
3,137,626
32, 682, 680
26, 543, 812
19,762,388
15, 240, 809
13, 171, 313
10, 117, 203
8,668,583
6,913,632
6,332,690
5,169,8221
19,917,924
13, 259, 104 -
10,604,566,
14,971,2011
8, 568, 508i
6,600,4641
4,861,237t
4, 110, 414
2,703,428
1,707,748
6,133,300
2,754,007
1, 993, 387
1,367,739
1, 334, 480
1,320,698
1, 899, 796
1,820,109
2, 158, 062
4,621,473
689, 687, 207
785,
956,
1, 212,
1, 241,
1, 117,
1, 032,
943,
1, 177,
1,050,
1, 032,
764, 184
732, 849
423, 226
411,359
398,064
297, 571
672, 751
421,081
741, 177
262, 375
Tax
$8,016
674, 661
634,278
690, 182
636,324
657, 580
607, 745
469, 628
429,580
415,066
350, 539
330, 127
278,966
274, 872
226, 785
981, 891
761,038
685,480
1,043,886
776, 651
720,997
600,164
667, 368
380, 368
312, 661
1, 118, 298
828,872
579, 796
496, 123
523, 704
678, 691
695, 630
801,073
1,082,701
2,380,445
22,079,976
13,971,251
23, 219, 240
43, 956, 017
61, 889, 941
38,911,894
32, 858, 092
32,383,166
31,941,148
30, 552, 642
40,982,616
Tax before tax credit
Normal
tax
$8,016
674,661
634.278
'690,'i82
636,324
667, 680
486, 150
420, 662
384,782
365, 722
302,905
277,445
226,832
216,313
170, 337
760,681
637,346
436, 111
585, 744
341,446
241, 478
160,499
148, 721
60, 375
77,185
149, 986
66, 772
11, 167
30,372
28,837
9,614
3,033
12,853
10, 715
9,413,023
Sinrtax
$22, 696
38,966
44,798
49,344
47,634
62,682
62, 133
68,669
66,448
326,243
374, 424
435, 321
886, 392
703, 758
692,467
620, 331
630, 784
482, 492
337, 720
1,468,718
869,482
733, 619
462, 166
552, 270
578, 591
649, 867
885, 779
1,069,848
2,369,730
15, 533, 151
12J^ per-
cent on
capital
net gain
$682
3,026
6,088
14, 438
13, 181
30, 661
31, 076
6,733
8,686
11, 463
69, 413
16,029
429
22,286
38
69,316
282,432
Tax
credit—
121^ per-
cent on
capital
net loss
$105,715
153,756
190,040
442,688
281,734
243,689
201,741
228,880
171,085
113,707
659, 819
113,411
166,419
8,700
57,441
23,167
87,739
3, 148, 631
For footnotes, see p. 130.
STATISTICS OF INCOME
111
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NEW MEXICO
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
350
5
766
1,279
1,007
583
391
576
41
234
13
139
79
26
15
12
10
9
6
6
2
10
5
2
4
$206, 501
2,709
1, 125, 171
1, 821, 727
2, 600, 318
1, 520, 196
1, 284, 340
1, 980, 061
177, 098
1, 032, 776
72, 312
756, 924
507, 061
193, 764
127, 871
113, 553
103, 698
103, 807
73, 918
81, 993
28,844
177, 932
110, 281
54, 385
142, 588
Under 1 (estimated)
1-2 ''estimated) '
$46
$46
19,660
19, 660
2-3 (estimated) »-
2-3 (estimated)
14, 664
14,664
3-4 (estimated) ' --
20,866
20, 866
4-5 (estimated) ' -
15, 711
15,711
5-6 '
5-6 — ..
15,300
11,091
4,353
4,527
4,295
3,141
3,035
3,798
2.925
1.131
7,986
5,175
1,513
12, 824
15,300
10, 794
4,044
4,117
3,879
2,667
2,397
3.260
2.146
817
4,826
2,644
1,453
5,830
6-7
$297
309
410
416
474
638
538
779
314
3.160
2.531
2.222
9.022
7-8
8-9
9-10 -
10-11
11-12
12-13
13-14
14-15
15-20
20-25
25-30
$2, 162
30-40
2,028
40-50
50-60
1
2
(2)
(2)
(2)
(2)
(2)
60-70
70-80 --
80-90
1
(2)
(2)
(2)
(2)
W
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 '
266, 639
26, 564
6,718
39. 685
19,839
5,574
14, 666. 467
178, 605
141. 839
60. 795
24,029
years: 3
1931
5,389
6,288
6,874
6,686
6,462
6,513
7,203
11.595
12,202
11,553
18,231,469
24, 970, 971
30, 875, 636
29, 995, 501
26, 288, 148
24, 631, 507
23, 994, 717
31,951.117
32, 667, 610
28, 982, 814
117,336
222, 459
299. 882
464. 430
283. 403
227. 471
178, 762
223, 842
1930 —
1929
1928-
1927
1926
1925
1924
1923 -..
337, 354
383, 750
1922...
For footnotes, see p. 130.
112
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NEW YORK
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
1214 per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net gain
Under 1 (estimated) L..
Under 1 (estimated)
1-2 (estimated) i
63, 357
1,834
129, 413
162, 293
134, 238
66, 878
46, 122
64, 782
6.602
35, 204
2,284
20, 158
13,963
9, 650
6,880
5,211
3,991
3,105
2,397
2,000
1,643
5,443
3,238
2, 133
2,616
1,361
848
565
333
222
182
390
141
73
32
40
18
29
8
3
2
1
$44, 855, 678
1, 006, 297
188, 008, 151
231, 738. 602
337, 209, 690
170, 364, 490
153, 649, 866
225, 457, 193
24, 358, 771
156, 901, 054
12, 604, 279
110, 077, 173
90, 360, 828
72, 057, 889
58, 235, 579
49, 471, 441
41, 800, 718
35, 792, 660
29, 921, 236
26, 969, 293
23, 789, 622
93, 658, 369
72, 335, 164
58, 411, 714
90, 038, 333
60, 546, 680
46, 163, 232
36, 381, 960
24, 901, 063
18, 866, 780
17, 293, 530
46, 706, 695
24, 122, 317
16, 356, 869
8, 771, 131
13, 688, 628
8, 225, 833
17, 574, 936
7, 154, 309
3, 603, 940
3, 685, 341
(2)
$21. 217
$21, 217
1-2 (estimated)
2, 545, 706
2, 546, 705
2-3 (estimated) i
2-3 (estimated)
2, 308, 568
2, 308, 568
3-4 (estimated) '
3-4 (estimated)
2, 371, 993
2, 371, 993
2, 226, 940
2, 226, 940
6-6 1
5-6
1, 970, 977
1, 813, 071
1, 729, 943
1, 637, 820
1,612,631
1, 470, 994
1,368,928
1, 235, 668
1, 213. 563
1, 132, 001
4. 348, 277
3. 882, 987
3, 352, 290
5, 774, 012
4, 786, 499
4, 262, 095
3, 984, 588
3, 212, 456
2, 568, 465
2, 416, 762
8, 733, 856
5, 911, 074
4. 006, 685
2, 595, 983
4, 401, 006
3, 273, 595
5, 289, 090
2, 902, 481
1, 728. 217
1, 803, 126
(2)
1, 970, 977
1, 746, 847
1, 589, 023
1, 469, 076
1, 430, 496
1, 274, Oil
1, 150, 481
1, 009, 740
965, 216
873, 306
3, 557, 834
2,955,890
2, 460, 727
3. 648, 004
2, 392, 267
1, 666, 260
1, 274, 860
876, 359
576, 712
436,411
1, 373, 314
482, 727
291,417
189, 565
126, 813
183, 538
106, 588
78, 597
19, 080
6-7
$66, 224
140, 920
168,744
182, 035
196, 983
218, 447
225, 928
248, 347
268, 696
1,533,900
2, 030, 168
2, 384, 735
5, 224, 409
4, 983, 024
4, 938, 847
4, 756, 066
3, 866, 440
3, 384, 411
3, 409, 666
11,511,617
7. 407. 459
5. 606, 525
3, 060, 098
5, 003, 616
3, 378, 266
7, 969, 164
3, 078, 769
1. 806. 547
1. 909, 857
7-8
8-9
9-10
10-11
11-12. .
ia-13. ..
13-14
14-15
15-20.
$8, 419
20, 056
30,245
132, 412
137. 037
54, 101
60, 961
44,245
51, 274
83, 564
286, 051
135, 962
107, 296
77, 458
197, 861
47, 469
2,351
94, 396
$751, 876
20-25
1, 123, 127
25-30
1, 523, 417
30-40
3, 230, 813
40-50
2, 725, 829
50-60
2, 397, 113
60-70
2, 107, 299
70-80
1, 573, 588
80-90..
1,443,932
90-100
1. 512, 868
100-150
4, 436, 126
150-200
2, 115, 074
200-250
1, 998, 653
250-300
731, 138
300-400.
927, 184
400-500
335. 678
500-750
2, 779. 003
760-1,000
349, 271
1,000-1,500...
97, 410
1,500-2,000
106, 732
2,000-3,000
3,000-4,000
4,000-5,000
2
(2)
(0
(')
(')
5,000 and over
11, 347, 972
5, 699, 697
6, 065, 766
366,069
Total
798, 685
2, 764, 354, 206
109, 693, 069
45, 649, 558
95, 005, 543
1, 570, 158
32, 632, 200
years: 3
634, 057
711,566
767, 835
780, 418
766, 974
753, 044
761,941
1. 21.5, 640
1, 221, 654
1, 102, 748
3, 108, 633, 729
4, 189, 130, 106
6, 253, 465 699
6, 458, 089, 207
5, 398, 461, 006
4, 984, 020, 281
4, 903, 288, 994
5, 144, 766, 182
4, 565, 314, 898
4,110,588,989
77, 976, 788
163,508,893
396, 687, 348
451, 606, 998
305, 210, 059
247, 164, 324
252, 157, 834
236, 774, 567
192,311,565
273, 960, 079
1930
1929
1928
1927
1926
1925
1924
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
113
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NORTH CAROLINA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net gain
Under 1 (estimated) '...
3,256
33
5,265
4,204
5,890
1,253
1,541
1,559
$2, 063, 453
15,988
7, 777, 817
5, 644, 186
14, 625, 237
3, 222, 816
5, 159, 678
5. 392. 753
Under 1 (estimated)
$272
$272
1-2 (estimated) '
1-2 (estimated) ...
50, 421
60, 421
2-3 (estimated) '
2-3 (astimatfid)
29, 260
29, 260
3-4 (estimated) i
3-4 (estimated)
42, 056
42, 056
4-5 (estimated) '. .
275 1 1.215.909
4-5 (estimated)
794
115
420
332
220
137
102
87
75
57
35
29
104
45
25
41
23
12
8
4
4
2
10
4
1
1
3
3
3, 520, 580
632, 289
2, 313, 620
2, 150, 070
1, 638, 406
1, 160, 116
967, 445
912, 157
857, 240
714. 174
472, 019
417, 108
1, 786, 621
1, 002, 146
673,847
1, 404, 692
1, 042, 927
644,404
532. 175
287, 214
342, 116
1,241,803
678, 455
(2)
1, 130, 621
1, 290, 661
39,874
39,874
5-6'
6-6.-
35, 602
28,671
28, 266
25, 776
21,514
22, 402
20, 845
19, 678
13, 745
14, 287
65, 421
49, 338
33,286
103, 736
82, 050
72, 289
62, 574
27, 723
54,286
300, 676
191, 429
(2)
461, 458
397, 230
35, 602
27, 071
25, 141
22, 419
17, 960
18, 149
15,623
14, 205
9,383
9,781
39, 040
23, 718
11, 227
34, 771
18, 291
18, 422
6,924
3,214
4,781
6-7
$1, 600
3,125
3,357
3,554
4,253
5,222
5,473
4,362
4,506
29,375
28,665
25,291
79,646
91, 496
65,453
69, 163
44,245
35,365
(2)
328, 712
174, 196
(0
(0
480,496
385, 929
7-8..
8-9...
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$2, 994
20-25
3,045
25-30
$1, 482
3,219
""3,"939"
2,762
4,714
30-40
13,900
40-50
27,737
60-60
15, 525
60-70
16,265
70-80-
19, 736
80-90.-
14, 140
(»)
3,615
17,233
90-100
100-150.
7,495
39, 146
150-200
200-250
250-300
W
300-400-
19,038
400-500
6,209
44,060
38,968
600-750
750-1,000.-
1
1
1
(2)
(2)
(2)
(')
(«)
(2)
(J)
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 ^
4,058,965
1,723,637
1,897,854
6,333
180, 650
Total
25,972
76,989,708
4, 017, 702
631, 309
3, 771, 338
96, 773
381, 718
ing years: '
1931--
22, 625
25, 216
28,860
30, 997
33, 398
35,332
38, 740
63,864
68, 191
58,009
88, 042, 580
103, 624, 484
130, 352, 897
161, 039, 786
155,916,827
153, 231, 981
161, 623, 754
200,888,953
206, 638, 618
171, 929, 259
2, 030, 396
2,426,662
3, 282, 957
6, 051, 641
4, 519, 870
3, 398, 245
3, 178, 767
3,777,873
4, 767, 267
4, 908, 611
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
114
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
NORTH DAKOTA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
1214 per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12K per-
cent on
capital
net gain
Under 1 (estimated) i..
1,473
9
1,804
1.667
2,181
461
376
460
33
177
16
81
55
30
17
14
8
6
6
3
4
5
1
4
$921,935
4,186
2, 764, 020
2,304,395
5,346,928
1. 172, 725
1, 240, 879
1, 595, 369
138, 223
783, 263
81, 195
443,862
358,035
223, 699
142, 929
132, 661
83, 608
56, 934
75, 613
(2)
58, 135
86, 081
(2)
103, 796
Under 1 (estimated)
$113
$113
1-2 (estimated) i
1-2 (estimated)
24, 520
24,520
2-3 (estimated) «
2-3 (estimated)
12, 873
12,873
3-4 (estimated) •
3-4 (estimated)
14,904
14,904
4-5 (estimated) '...
4-5 (estimated)-..
9,028
9,028
5-6 »
5-6
7,119
6,247
5 638
3,024
3.928
2,876
1,219
3,957
2,666
3,812
(2)
4,703
7,119
6,984
6,214
2,573
3,473
2,484
881
3,369
(2)
2,019
2,394
(2)
791
6-7
$263
424
451
455
392
338
588
(2)
646
1.418
(»)
3,912
7-8
8-9
9-10.
10-11
11-12
12-13
13-14
14-15
15-20
20-25
(2)
25-30
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
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 '
65, 037
3,935
3,054
1,190
$309
8,889
18, 182, 308
110, 561
100, 793
10, 077
309
Summary for preceding
years: »
7,013
8,262
9,170
9,710
9,758
9,881
11,715
19, 160
18,064
18, 750
18, 469, 626
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
42, 519
86, 704
111,346
209, 440
187, 635
180, 012
162, 589
268, 090
276, 288
453, 219
1930
1928
1926
1924
1922
1
For footnotes, see p. 130.
STATISTICS OF INCOME
115
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
OHIO
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit —
12}^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12J^ per-
cent on
capital
net gain
13, 690
330
35, 314
39, 462
32, 599
13,910
10, 539
14, 713
1,669
8,582
695
4,308
3,009
1,958
1,472
1,033
765
543
433
368
290
916
445
293
337
176
90
53
39
27
13
48
13
3
2
3
1
$9,118,776
180, 532
50, 514, 965
56, 021, 905
82, 325, 331
35, 521, 364
35, 072, 239
50, 760, 277
7, 324, 232
38, 207, 215
3, 803, 472
23, 525, 324
19, 430, 519
14,625,980
12, 491, 322
9, 795, 565
8, 026, 455
6, 215, 705
5, 404, 972
4, 958, 261
4, 208, 735
15,735,811
9,942,030
8, 014, 362
11,593,021
7, 839, 416
4,927,239
3,433,098
2, 920, 247
2,284,885
1, 257, 337
5, 826, 386
2, 215, 897
660, 074
(2)
1,144,802
S3, 892
$3, 892
1-2 (estimated) i
613, 005
613,005
2-3 (estimated) '
2-3 (estimated)
408, 533
408, 533
3-4 (estimated)
460, 650
460, 650
510, 778
510, 778
6-6 1
5-6
386, 846
344, 506
316, 574
311,032
270, 299
247, 876
222, 959
191,937
186, 243
181, 465
707, 390
497, 146
479, 767
786, 835
613, 534
466, 335
375, 918
441, 377
337, 170
195, 254
1, 299, 454
600, 913
166, 374
(2)
479. 542
386, 846
330, 344
287, 686
274, 613
234, 608
209, 999
184, 925
151, 458
141, 058
133,932
502, 703
334, 545
282, 768
397, 717
270, 666
139, 446
103, 133
63, 183
52, 263
26, 762
86, 652
9,420
6-7
$14, 162
28,888
36,419
35, 691
37, 877
38,034
40, 479
45, 185
47, 633
257, 172
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
16-20
$1. 146
$53,630
20-25
279,621 2.987
120,007
26-30.
327,716
682, 035
664, 310
523, 746
457, 640
452,884
425,443
236, 911
1,472,804
708, 794
239, 565
(2)
487, 729
(4
7,191
14, 253
7,476
12,239
4,320
11,135
125
14,856
34,036
150
847
137,908
30-40
307, 170
40-50
328, 918
60-60
209,096
60-70-—
189, 175
70-80-
85,825
80-90-
140, 661
90-100
83,275
100-150.-
294,038
150-200
117, 461
200-250
74,038
250-300
C)
300-400
8,187
400-500
W
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
985, 254
193. 023
407, 110
214, 087
Total
188, 141
556, 313, 005
12, 296, 627
6, 601, 585
7,947,748
110, 760
2, 363, 466
Summary for preceding
years: «
1931
164,809
199, 600
215, 804
218,479
222, 707
231, 196
224, 643
418, 048
463, 017
364, 988
689, 352, 135
950, 397, 134
1, 259, 571, 939
1, 302, 762, 001
1, 153, 756, 214
1, 146, 495, 871
1, 141, 453, 071
1, 403, 748, 590
1, 457, 696, 567
1,138,934,714
9,742,860
21, 879, 272
43, 633, 678
55, 393, 575
35, 519, 337
32, 839, 052
30, 321, 360
32, 061, 822
33, 061, 877
39, 310. 406
1930
1929
1928 . .
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
116
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
OKLAHOMA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
123^ per-
cent on
capital
net gain
12^ per-
cent on
capital
net loss
Under 1 (estimated) '...
4,029
36
7,282
3,976
6,876
1,500
2,122
2,211
189
1,434
62
590
372
227
188
152
97
79
53
53
46
115
53
29
34
13
8
$2,432,594
23, 338
10,963,039
5, 931, 928
17, 050, 660
3, 849, 517
7, 015, 716
7,667,586
814, 490
6,399,797
342, 023
3, 221, 903
2,401,406
1, 693, 184
1,598,878
1,436,988
1,017,848
902, 973
658, 606
717, 196
667, 238
1, 960, 729
1, 172, 802
788, 412
1, 148, 168
562, 850
449, 348
Under 1 (estimated)
$421
$421
1-2 (estimated) »
1-2 (estimated)
75, 824
75,824
2-3 (estimated) i
2-3 (estimated)
52, 256
52,256
3-4 (estimated) i
3-4 (estimated)
71, 192
71, 192
4-5 (estimated) •
4-5 (estimated)
79, 944
79, 944
5-61
5-6
63, 187
45,290
39, 078
44,475
47, 100
35, 648
35, 851
27, 936
32, 449
32, 790
107, 027
76, 470
58, 208
93, 228
52, 633
48, 889
53, 187
43, 535
35, 820
39, 924
41,901
30, 920
30, 599
23, 259
26, 196
25,429
80, 608
49,705
34, 229
41, 995
23,328
14, 530
&-7
$1, 755
3,258
4,551
5,199
4,728
5,252
4,677
6,253
7,361
31,541
30, 377
31,352
63, 070
38,496
32, 775
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$56
1,498
770
4,017
5,698
14, 498
$5, 178
20-25
5,110
25-30
8,143
30-40
15, 854
40-50
14, 889
50-60.
12, 914
60-70
70-80
4
2
301, 066
177, 064
64, 698
29, 274
18, 653
3,531
49,000
17, 678
2,956
80-90
10, 967
2,902
90-100
100-150
150-200
200-250 . .
250-300 .
300-400
400-500
:::::::::::::::::.:
500-700 ...
750-1,000
1,000-1,500... ..
1,500-2,000
2,000-3,000
3,000^,000
4,000-5,000
5,000 and over
31, 832
83, 367, 347
1, 203, 868
896, 986
337, 323
37, 504
67,945
years:'
28, 242
32, 526
37,000
37, 261
39, 806
37, 497
40, 825
63, 357
70, 189
72, 063
93, 593, 901
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
861, 871
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
1930
1928
1926
1924
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
117
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
OREGON
Number
of
returns
Net income
1
Tax
Tax before tax credit
Tax
credit —
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12}^ per-
cent on
capital
net gain
3,107
50
5,327
5,689
4,295
2,052
960
1,766
100
955
43
525
327
163
123
76
49
39
30
24
20
59
25
16
15
7
2
1
$1, 893, 202
24, 987
7, 859, 539
7, 746, 629
10, 626, 854
5, 315, 398
3, 180, 739
6, 044, 562
442, 681
4, 236, 804
235, 183
2, 855, 910
2, 109, 958
1, 224, 650
1,036,118
722, 840
516, 728
448, 940
373, 662
322, 817
290, 517
1, 015, 518
557, 530
441,204
519, 868
309, 112
(2)
(2)
TTnriftr 1 (p.st.imat.p.ri'l
$429
$429
1-2 (estimated) •
1-2 (Astimatfifl)
74, 694
74, 694
2-3 (estimated) •
2-3 (estimated)
46, 115
46, 115
3-4 (estimated) '
3-4 (p.st.imatpfi)
48,491
48,491
56, 745
56, 745
5-61
5-6
49, 837
41, 791
28,306
30, 925
21, 144
16, 691
16, 162
13, 480
12, 868
15, 167
44,220
33, 712
31, 188
36, 250
38, 100
(2)
(2)
49, 837
40, 258
25, 850
27, 957
18, 537
14, 201
13, 422
10, 767
9,904
11,946
34, 704
23, 676
20, 361
18, 975
14, 550
(2)
(2)
6-7 .
$1, 533
2,456
2,968
2,607
2,490
2,740
2,713
2,964
3,221
16, 556
15, 503
17, 653
28, 416
26, 315
(2)
(2)
7-8
8-9
9-10.
10-11
11-12
12-13
13-14
14-15
15-20
$70
$7, 110
20-25 . .
5,467
25-30
1,366
3,769
8,192
30-40
14, 910
40-50
2,765
50-60
(2)
60-70 .
(2)
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
Classes grouped 2..
167, 801
14, 127
5,820
19. 210
47
10, 959
Total
25,845 fiO. 5ic)7.';i
670, 442
567, 239
147, 354 5, 252
49, 403
Summary for preceding
years: 3
1931.
20, 181
26, 047
28,194
29, 333
33, 903
30, 955
32, 542
66, 669
69, 123
73, 154, 659
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
474, 055
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
1930
1929
1928...
1927
:::::::::::::::::::::
1926
1925
1924
" 1
1923
1922
61. 879
- .--- 1
1
For footnotes, see p. 130.
118
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
PENNSYLVANIA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12}^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) '
34, 540
711
64, 894
62, 625
59, 035
23,080
17, 433
23, 716
2,366
14, 484
1,025
7,418
5,270
3,463
2,490
1,905
1,403
1,092
831
696
573
1,793
985
665
789
420
232
141
96
67
49
93
40
18
4
15
4
5
3
2
$22,404,690
403, 702
94, 360, 544
91, 193, 206
147, 714, 034
57,492,112
58, 145, 510
82, 585, 525
10, 323, 998
64, 398, 402
5, 603, 359
40, 535, 721
34, 070, 401
25,867,874
21, 103, 184
18, 063, 694
14, 703, 876
12, 532, 432
10, 381, 032
9, 388, 471
8, 305, 047
30, 928, 585
21, 921, 442
18, 105, 144
27, 152, 765
18, 626, 009
12, 669, 228
9, 132, 212
7, 186, 734
5, 691, 578
4, 632, 301
11, 100, 868
0, 873, 321
3,966,920
1, 143, 404
5, 260, 692
1, 658, 427
2,928,362
2, 373, 259
2, 306, 276
Under 1 (estimated)
$8,931
$8, 931
1-2 (estimated) '
1, 070, 126
1, 070, 126
2-3 (estimated) •
2-3 (estimated)
850,861
850, 861
3-4 (estimated) '
3-4 (estimated)
874, 768
874, 768
4-5 (estimated; •
4-5 (estimated)
903, 252
903, 252
6-61
5-6
687,434
621. 080
575, Oil
564, 169
532, 788
481, 647
434, 795
376, 123
382, 294
362, 820
1, 392, 870
1, 151, 084
1, 042, 589
1, 875, 053
1, 556, 917
1, 231, 021
1, 136, 470
979, 637
905, 122
787. 081
2, 318, 515
2, 035, 850
1, 047, 603
312, 636
2,026,909
595, 137
1, 153, 800
1, 026, 169
603, 842
687,434
596, 277
524, 141
500, 342
466, 778
412, 086
358, 315
297, 641
296, 862
271, 116
1, 052, 601
807,476
674, 064
1, 004, 570
667, 605
378, 535
277, 043
210, 194
122,937
124, 671
214, 128
122, 740
67,638
6-7 .
$24, 809
50, 870
63, 827
66, 010
69, 661
76, 480
78, 482
85, 432
91, 704
509, 876
610, 847
732, 666
1,581,045
1, 539, 153
1, 324, 850
1, 194, 957
1, 086, 372
984, 454
912, 624
2,817,992
2, 103, 340
1,369,322
455, 542
2, 084, 896
551,407
1, 346, 829
1, 132, 967
1, 151, 372
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$2, 205
8,345
18, 750
48,274
48, 327
48,488
26, 639
43,902
38, 371
23,941
62, 898
55, 152
$171,712
20-25
276, 584
2^30
382,891
30-40
758, 836
40-50
698, 168
50-60
520, 852
60-70
362, 169
70-80
360, 831
80-90.
240, 640
90-100
274, 155
100-150
766, 503
150-200...
245, 382
200-250
389, 357
250-300
142,906
300-400
42,449
38, 480
29, 165
43, 560
129,601
400-500
38, 310
500-750
193, 029
750-1,000.
19,925
688
127,411
1,000-1,500
547, 530
1 500-2 000
2,000-3 000
3 000-4 000
4 000-5 000
Total
334,471
1, 023, 234, 341
31,904,410
13, 943, 886
24, 097, 686
488, 705
6,625,867
Summary for preceding
years- ^
267, 848
322, 503
364, 145
361, 220
381, 374
397, 575
376, 923
713,427
740, 478
587, 770
1,193,400,020
1, 620, 314, 109
2,217,958,557
2, 204, 955, 406
2, 091, 825, 217
2, 138, 168, 594
2, 031, 305, 849
2, 648, 132, 809
2,478,751,471
2, 005, 570, 020
24, 854, 558
46, 825, 528
90, 694, 655
96,772,465
78, 674, 525
76, 887, 315
73, 364, 345
77. 873, 521
73, 266, 630
93, 573, 559
1930
1929
1928
1927
1926
1925
1924
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
119
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
RHODE ISLAND
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12H per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) i...
Under 1 (estimated)
1-2 (estimated) i
1-2 (estimated)
1,989
64
5,994
6,919
4,804
2,126
1,779
2,098
337
1,008
110
768
664
384
268
227
161
125
98
90
49
199
117
71
79
54
22
19
11
12
11
12
5
4
$1, 342, 459
38, 114
8, 810, 215
9, 705, 950
12, 002, 365
5, 420, 010
5, 939, 285
7, 281, 160
1, 496, 334
4, 504, 185
601, 130
4, 211, 142
3, 651, 410
2, 860, 712
2, 269, 506
2, 156, 217
1, 683, 233
1, 435. 709
1, 225, 508
1,216,624
710, 227
3, 430, 837
2, 605, 260
1, 942, 610
2, 745, 010
2, 394, 772
1,194,703
1, 235, 155
829, 053
1, 028, 162
1, 033, 346
1, 384, 300
893, 130
929,872
$713
$713
103, 030
103, 030
2-3 (estimated) '
2-3 (estimated)
61, 521
61, 521
3-4 (estimated) i
73, 716
73, 716
4-5 (estimated) i
4-5 (estimated)
69, 633
59, 633
5-6'
5-6
68, 794
66, 186
62,234
58, 367
60,354
51, 533
48, 374
44,648
50, 213
25, 191
125, 709
132, 961
111,669
194, 699
168, 681
79, 513
116,837
117,314
142, 303
205, 363
316, 770
307, 207
344,134
68, 794
63, 481
56, 581
51, 826
52, 426
43, 667
39, 692
35,419
39, 046
17, 550
92, 572
88, 162
72, 019
90, 198
78, 141
29, 546
21, 026
18, 773
5,031
13, 237
32, 171
16, 758
9,029
6-7.-
$2,705
5,653
6,541
7,928
7,866
8,682
9,229
11,167
7,641
56, 424
7-8.
8-9.-
■&-10.-.
10-11
11-12 -
12-13.-
13-14 -
14-15.
15-20-.
$82
$23, 369
20-25...
72, 765 1, 704
79, 108 5
29, 670
25-30
39, 463
30-40
40-50--
165, 049
202, 294
126, 633
169, 669
135, 312
161, 827
200, 398
319, 456
302, 434
348, 776
1,765
1,475
38
62, 313
113, 229
50-60-
76, 704
60-70..
73, 858
70-80
36, 771
80-90--.
19, 538
6,551
16, 607
44, 093
90-100
14,823
100-150 -
51,464
150-200
11,985
200-250--
13, 671
250-300--.
300-400
2
(2)
(2)
(2)
(«)
(2)
400-500
500-750
750-1,000
1
(2)
(2)
(»)
(2)
1,000-1,600
1,500-2,000
2,000-3,000
3,000^,000.
4,000-5,000
5,000 and over
Classes grouped '
1, 655, 416
641, 511
1,809
760,312
120, 610
Total
30, 681
101, 863, 121
3,839,178
1, 335, 667
3, 167, 869
47, 765
712, 023
years: '
1931
22,375
23,862
26, 481
25, 801
25, 184
26,362
29,123
48, 792
66, 965
50, 076
111, 159, 397
136, 571, 363
184, 531, 178
176, 225, 164
157, 464, 733
155, 050, 974
160, 955, 280
191, 556, 190
214, 749, 602
171, 409, 669
2, 598, 619
4, 114, 526
7, 851, 363
8, 093, 013
6, 332, 169
5, 545, 787
5,817,977
6, 722, 491
6, 658, 089
9, 351, 580
I930--
1929
1928
1927
1926
1925-
1924
1923-
1922 -..
For footnotes, see p. 130.
120
STATISTICS or INCOME
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
SOUTH CAROLINA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net gain
12J^ per-
cent on
capital
net loss
Under 1 (estimated) i...
1,474
31
2,455
1,928
2,679
727
607
785
120
403
30
202
118
93
56
35
26
28
14
17
12
24
16
8
10
$888,373
10, 791
3, 669, 759
2, 618, 036
6, 608, 057
1,898,951
2, 032, 781
2, 711, 628
520, 477
1, 790, 301
162, 576
1, 107, 936
767, 464
696, 323
469, 815
335,039
272, 054
322, 075
172, 323
228, 083
173,336
409, 692
353, 378
(2)
328, 792
Under 1 (estimated)
$247
$247
1-2 (estimated) '
1-2 (estimated)
25, 088
25,088
2-3 (estimated) '
2-3 (estimated)
15,411
15, 411
3-4 (estimated) '
3-4 (estimated)
19, 647
19, 647
4-5 (estimated) i
4-5 (estimated)
22, 055
22,055
5-6 1
5-6 -
17,915
13, 400
13, 795
10,966
8,374
8,696
9,009
5,857
8,974
6,862
19, 790
19, 646
(2)
24, 112
17, 915
12, 810
12, 444
9,352
7,136
7,472
7,123
4,606
6,891
4,964
13,442
13, 291
13, 937
6-7
$590
1,351
1,614
1,238
1,224
1,886
1,251
2,083
1,898
6,463
9,359
(2)
16, 665
7-8 --
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$115
20-25
3,004
25-30
(2)
30-40 -
$3, 176
9,666
40-50
50-60
1
m
(2)
W
(')
60-70
70-80
1
1
1
(2)
(2)
(2)
(2)
(2)
(2)
0)
(2)
(2)
(2)
80-90
(2)
90-100
(2)
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
632, 718
63, 080
10, 347
63, 761
11,018
Total
11, 902
29, 080, 658
312, 924
224, 178
109, 373
3,176
23,803
Summary for preceding
1931
10, 536
12, 179
13, 232
13, 725
14,310
13, 809
15,727
28,090
28, 225
26, 830
33, 858, 781
42, 714, 132
50, 257, 416
55, 510, 360
55, 218, 679
53. 060, 331
57, 661, 544
79, 613, 886
197, 943
304, 596
566, 252
716, 628
554, 731
420, 164
430, 879
727. 462
1929
1927
1925
1923
87,031,355 1,655,315
72,755,770 1.268.305
1
1 1
For footnotes, see p. 130.
STATISTICS OF INCOME
121
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
SOUTH DAKOTA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
\2H per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net gain
Under 1 (estimated) L..
1,299
17
1,530
1,822
1,727
533
373
497
53
185
15
92
59
36
35
19
11
10
7
7
7
10
5
3
2
1
$769, 939
6,588
2, 265, 448
2, 490, 545
4, 273, 741
1, 379, 882
1, 243, 339
1, 709, 963
232, 340
819, 785
82,443
503, 246
383,804
268, 619
295, 307
180, 178
116,081
114. 324
86, 744
94,446
102, 051
162,211
112, 385
76, 238
m
(2)
Under 1 (estimated)
$173
$173
1-2 (estimated) 1
1-2 (estimated) .
25,083
25,083
2-3 (estimated) i
2-3 (estimated)
11,834
11, 834
12, 628
12,628
4-5 (estimated) '..
4-5 (estimated)
9,278
9,278
5-6 1
6-6..
7,999
6,477
5,855
6,376
5,384
3,084
5,242
2,793
3,670
4,243
5,445
6.891
4,858
m
7,999
6,186
5,340
5,551
4,722
2,522
4,554
2,152
2,797
3,100
4,332
4,606
3.000
m
6-7-
$291
515
825
662
562
688
641
873
1,143
2,336
3,230
1,858
m
(2)
7-8 -
8-9..
9-10
10-11
11-12
12-13
13-14
14-15
1&-20
$1,223
20-25
945
25-30
30-40
40-50
50-60 -
60-70
70-80 -
1
(2)
(2)
m
(')
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 '
186, 430
10. 190
2,078
19, 591
11,479
Total..
8, 356
17,956,077
137, 503
117, 935
33, 215
13,647
Summary for preceding
years: 3
1931
7,387
9,449
10, 449
10,649
10, 969
12,414
17, 086
26, 506
21, 928
21, 465
22, 130, 693
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
105, 602
178, 379
390, 886
321,516
209, 667
208. 893
192, 460
306, 097
350 312
548, 688
1930
1929...
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
122
STATISTICS OF INCOME
Table 9. — Individual returns for 19S2 by States and Territories and hy net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
TENNESSEE
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) '...
3,134
37
6,165
4,895
6,245
2,144
1,728
2,770
180
1,772
99
701
409
288
162
170
111
77
72
63
41
112
66
26
36
15
7
7
4
2
$2, 009, 164
23, 382
9, 202, 192
7, 326, 529
15, 553, 286
6, 329, 892
6, 761, 139
9, 673, 624
788, 281
7, 849, 824
541, 559
3, 835, 104
2, 640, 974
2, 147, 185
1, 365, 091
1,611,758
1, 161, 648
885, 796
896, 643
849, 493
592, 129
1,910,069
1, 466, 634
706, 421
1, 224, 679
672, 494
388, 985
468,443
302, 836
173, 473
Under 1 (estimated)
$559
$559
1-2 (estimated) '
1-2 (estimated)
88, 992
88, 992
2-3 (estimated) •-.
2-3 (estimated)
78, 720
78, 720
3-4 (estimated) i
3-4 (estimated)..
97, 212
97, 212
4-5 (estimated) >
4-5 (estimated)..-
105, 054
105, 054
5-61
5-6
66, 557
46,924
45, 182
31,115
44, 357
34, 401
32, 142
33, 272
35, 513
25, 614
91,793
81, 624
39, 322
74, 529
65, 657
36, 316
65, 166
54,798
43, 295
66, 557
45, 052
41,019
27, 235
38, 609
29, 063
26, 800
26, 820
27, 684
19, 150
65, 720
51, 482
23, 625
31,441
20, 667
9.143
15, 349
9,214
10, 091
6-7
$1, 872
4,163
3,880
5,748
5,338
5,342
6,452
7,829
6,464
30, 851
40, 581
27, 818
64, 824
52, 883
44, 081
66, 908
49, 606
33, 204
7-8
8-9
9-10
10-11
11-12
12-13 -
13-14
14-15
15-20
$4,778
20-25
$997
11, 436
12, 121
25-30
30-40
992
4,062
22, 728
40-50
11, 956
60-60
16, 908
60-70
6,850
13, 941
70-80
4,022
80-90
90-100
100-150
150-200
2
2
365, 050
(2)
77, 819
124, 794
(»)
46, 975
200-250 -
i')
(2)
250-300
300-400
1
(»)
(2)
m
(^)
400-600
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
5,000 and over
791, 385
303,448
9,333
309, 176
15, 061
31,543
88, 515, 162
1, 699, 381
964,591
881,814
12. 901
159, 925
years: '
1931 -
28, 117
32, 682
34, 664
35, 039
33,812
35, 495
34, 689
66,981
69, 081
63, 655
107, 251, 482
140, 422, 621
177, 388, 337
190, 287, 682
173, 162, 605
175, 714, 293
168, 198, 127
224, 184, 198
226, 033, 948
190, 723, 937
1, 413, 609
1,955,201
3, 747, 582
5, 624, 112
4, 035, 541
3, 651, 457
3, 125, 603
3, 419, 635
4, 283, 805
4, 902, 612
1930 -
1929
1928. -
1926
1924
1923
1922
1
For footnotes, see p. 130.
STATISTICS OF INCOME
123
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
TEXAS
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit —
12H per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
121^ per-
cent on
capital
net gain
Under 1 (estimated) •.—
Under 1 (estimated)
1-2 (estimated) i
1_2 (estimated)
11,823
91
19, 037
17, 229
17, 602
8,139
4,930
10, 681
672
5,193
198
2,636
1,340
820
483
385
269
182
184
149
116
321
176
96
97
52
23
11
8
5
3
3
6
1
$7, 328, 476
53, 504
27, 811, 716
25, 093, 796
44, 090, 624
20, 736, 353
16, 398, 036
36, 957, 541
2, 946, 578
23, 066, 395
1, 084, 968
14, 378, 526
8, 654, 926
6,117,373
4, 087, 557
3, 656, 101
2, 847, 577
2, 093, 433
2, 297, 503
2, 016, 006
1, 685, 692
5, 500, 062
3,971,314
2, 612, 668
3, 293, 312
2, 295, 719
1, 244, 952
726, 351
596. 119
436, 182
290, 328
401, 645
1, 022, 244
(2)
$240
$240
273, 823
273, 823
2-3 (estimated) i
243, 042
243, 042
3-4 (estimated) '
410, 308
410, 308
4-5 (estimated) i
373, 140
373, 140
5-6 1
5-6
301,990
205, 837
179, 392
141,261
135,084
120, 785
90, 010
105, 300
95, 002
76, 062
331, 551
232, 972
197, 186
287, 333
251,503
153, 606
94, 851
26, 129
90, 461
78,083
85, 041
275, 278
(2)
301,990
199, 830
167, 836
129, 924
122, 261
103, 908
77, 779
88, 417
76, 573
58, 055
253, 894
147, 865
106, 252
140, 370
95, 176
38, 274
11, 830
3, 034
10, 982
15, 260
1,986
8,941
(2)
6-7
$6, 007
11, 556
11,337
12. 823
16. 877
12, 231
16,883
18, 429
18, 007
86, 197
106, 210
100, 064
174, 508
182, 793
108, 023
82,873
87, 155
84, 143
62, 945
71,015
237, 541
(2)
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$1,887
8,289
4,975
21, 153
11,037
22, 283
12,426
$10, 427
20-25 -
29, 392
25-30
14, 105
30-40.
48, 698
40-50
37, 503
50-60
14. 974
60-70
12, 278
70-80
64, 060
80-90
4,664
90-100
122
100-150 --
12,040
28, 796
(2)
150-200
200-250
250-300
300-400
1
(2)
(2)
(2)
(2)
400-500
500-750 .
2
2
(2)
1, 786, 434
(2)
472, 990
(2)
141, 090
(2)
331, 900
(2)
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, 953, 029
415, 628
22, 356
232, 135
161, 137
Total
102, 966
279, 533, 040
5,743,888
3, 624, 436
2, 071, 652
284, 023
236, 223
Summary for preceding
years: 3
1931
89,158
105, 058
113,555
112,273
114,534
111,438
109, 448
333, 673, 467
448, 849, 717
592, 518, 704
580, 239, 493
560, 322, 568
547, 562, 501
496. 820. 449
4, 634, 359
8, 633, 146
12, 866, 950
14, 401, 968
12, 909, 842
12, 681, 519
9, 766, 688
10, 235, 806
10, 678, 022
14, 119, 655
1930
1929
1928
1927 „ - —
1925
1924
192, 735 1 638. 109. 285
1923
200, 683
186, 865
613, 494, 900
545, 901, 576
1922
For footnotes, see p. 130.
61684—34 9
124
STATISTICS OP INCOME
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
UTAH
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit —
12H per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
nVi per-
cent on
capital
net gain
Under 1 (estimated) i— _
1,434
28
2,203
1,464
2,255
561
799
715
101
396
46
184
109
73
49
44
33
23
14
12
7
29
16
11
8
4
1
$835, 362
14, 478
3, 255, 378
1,975,910
5, 655, 439
1, 463, 226
2. 633, 537
2, 458, 679
270, 702
1,763,717
252, 685
1,007,610
702, 248
548, 194
410, 789
416, 192
346, 975
264, 686
174, 861
160, 480
101,921
495, 201
359, 298
301, 758
270, 274
181,541
0)
Under 1 (estimated)
$411
$411
1-2 (estimated) • -
15, 567
15, 567
2-3 (estimated) '.
2-3 (estimated)
11,458
11,458
3-4 (estimated) •
17,210
17,210
19, 079
19, 079
5-61
5-6
15, 009
11,852
12, 317
11,337
10, 385
10, 343
9,555
4,752
5,110
5,015
20, 813
30, 432
17,942
17, 799
15, 555
(0
15, 009
11,371
11,214
10, 166
8,862
8,681
7.943
3,520
3,772
3,878
17, 847
26, 614
10, 013
6,723
6,489
(2)
6-7
$481
1,103
1,171
1,623
1,662
1.612
1,232
1,338
1,137
8,071
11, 208
12, 348
12, 966
16, 997
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$5, 105
20-25
7,390
25-30..
$219
4,688
4,638
30-40
6,678
40-50
5,931
50-60
0)
6(^-70
70-80
2
145, 589
18, 055
22, 780
4,726
80-90
90-100
100-150
2
(»)
(»)
(2)
(2)
«
150-200
200-250
250-300
1
(2)
(«)
(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
4 000-5 000
5 000 and over
Classes grouped ^
661,463
86, 277
7,949
34, 890
49, 467
6,02»
Total
10,624
27, 028, 193
366, 273
221, 776
129, 519
54, 374
39, 396
Summary for preceding
years: '
9,785
11, 777
13, 163
13, 262
13, 029
13, 568
16, 101
28, 685
30,242
27, 325
31, 863, 657
45, 369, 199
69,451,690
58, 809, 296
53, 628, 897
63, 832, 169
61, 634, 951
82, 088, 477
79, 943, 306
67, 744, 653
196, 095
447, 953
881, 606
1, 095, 839
851, 031
628, 773
660, 497
599, 194
725, 908
955, 929
1930
1929
1928
1926
1925
1924
1923
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
125
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
VEEMONT
Net income classes
(Thousands of dollars)
Number
of
returns
Net income
Tax before tax credit
Tax
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Tax
credit^
12>^ per-
cent on
capital
net loss
Under 1 (estimated) '.
Under 1 (estimated)..
1-2 (estimated) '
1-2 (estimated)
2-3 (estimated) i
2-3 (estimated)
3-4 (estimated) i
3-4 (estimated)
4-5 (estimated) '
4-5 (estimated)
5-6 1
5-6
6-7 -
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15 -
15-20 .-
20-25.. .—
25-30
30-40
40-50 -
50-60
60-70
70-80..
80-90
90-100
100-150
150-200
200-250
250-300
300-400
400-500.
500-750
750-1,000-.
1,00&-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
215
24
2,420
2,772
1,864
741
627
647
86
308
33
202
138
69
62
54
25
20
18
14
8
33
22
8
15
4
3
$137, 674
16, 343
3, 501, 280
3, 633. 984
4, 780, 038
1, 890, 747
2,092,715
2, 227, 850
372, 265
1, 369, 268
179, 388
1, 097, 990
894, 481
516, 918
528, 157
508, 941
262, 895
228, 405
224, 761
190, 561
117,976
567, 715
494, 963
219, 342
515, 154
188, 560
(')
$425
"30,"602"
"i7,'940"
$425
"30,'602
17, 940
22, 088
22,088
16, 869
16, 869
17, 747
14, 686
10, 810
12, 674
12, 849
8,074
9,132
6,411
7,570
5,720
21, 723
21, 374
13, 040
37, 457
11, 224
17, 747
13, 951
9,794
11, 109
11,073
6,815
7,802
4,710
5,772
4,334
18, 181
15, 923
7,192
19, 294
3,175
$735
1,016
1,565
1,776
1,259
1,330
1,701
1,798
1,386
9,163
14, 564
8,757
28, 193
13, 009
(2)
$319
$5, 621
9,113-
3,228
10, 030
4,960
(2)
302, 004
(2)
(2)
(2)
40, 928
(2)
4,640
(2)
(2)
48, 107
(2)
0)
454
12, 273-
(2)
(2)
m
Total.
10, 439
Summary for preceding
years: ^
1931
1930
1929
1928
1927
1926
1925
1924
1923
1922
7,803
8,635
9,586
9,394
8,268
8,646
9,559
20, 618
21, 752
17, 901
482, 607
67, 302
7,103
96, 923
36, 724-
27, 542, 982
406, 645
256, 539
231, 282
81,949
29, 853, 410
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
264, 753
626, 874
1, 019, 863
1, 055, 740
846, 932
821, 296
919, 959
978, 252
1, 332, 822
1, 573, 555
For footnotes, see p. 130.
126
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 hy States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
VIRGINIA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit —
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) '.-
3,916
68
6,692
8,460
7,635
3,986
2,638
4,121
454
1,730
137
914
616
406
271
208
138
124
93
61
52
165
84
36
51
22
19
13
11
5
1
5
4
$2, 486, 005
31, 737
10, 164, 928
11,914,761
19, 226, 752
10, 259, 328
8, 815, 446
14, 180, 789
1, 990, 418
7, 647, 253
744, 643
4, 989, 239
3, 987, Oil
3, 024, 158
2, 295, 365
1, 973. 329
1, 446. 969
1, 417, 656
1, 159, 503
825. 612
752, 796
2, 828, 359
1. 877. 505
986, 022
1, 729, 735
973, 802
1, 042, 874
853, 406
814, 198
421, 991
(2)
596, 390
(2)
Under 1 (estimated). -.
$987
$987
1 2 (estimated) '.
■::::::::::::::::
1-2 (estimated) -
124, 518
124, 518
2 3 (estimated) L
2-3 (estimated)
100, 557
100, 657
3-4 (estimated) '
3-4 (estimated) -
120, 888
120, 888
4-5 (estimated) '-
4-5 (estimated) ..
97,488
97, 488
6-6 1 -.
6-6 --
81, 103
69, 494
63, 602
56, 459
50, 656
48, 160
41, 598
39, 759
24, 770
25, 075
122, 362
102, 185
82, 235
140, 480
76, 305
112,273
116, 538
131,612
75, 645
(2)
132, 253
(2)
si, 103
66. 456
57. 791
49, 700
43, 547
40, 420
33. 243
31. 045
17, 334
16, 805
86, 144
63, 033
40, 316
70, 781
33, 840
34, 745
14, 738
25, 074
9,427
(2)
370
(2)
6-7
$3, 038
5,811
6,759
7,109
7,740
8,355
8,714
7,436
8,270
46, 674
52, 770
47, 460
93, 125
78, 878
115,934
117,256
128, 945
78, 398
(2)
158, 567
(2)
7-8 --
8-9
9 10
10-11
11-12 . -
12-13
13-14
14-15
15-20
$222
$10, 678
20-25
13, 618
25-30 -- -.-
2,258
5,330
3,105
7,799
30-40
28, 756
40-50
39, 518
50-60
38, 406
60-70
547
16, 003
70-80
22, 407
80-90
12, 180
90-100
C)
100-150
26, 684
150-200
(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
770, 496
183, 450
13, 473
243,056
73, 079
43, 136
122, 228, 476
2, 220, 452
1, 273, 823
1, 224, 295
11, 462
289, 128
years: 3
34, 689
37.915
38, 631
37.619
37, 393
37, 797
37, 507
71, 597
77, 451
71, 523,
129, 365, 027
156. 272. 484
179, 293, 926
181,750,013
172, 239, 863
176, 024, 673
170, 257, 017
231,055,514
242, 586, 945
207, 277, 342
1, 323. 722
2, 050, 554
3,201,104
4, 408, 983
3,611,135
3, 495, 042
2, 981, 412
3, 313, 896
3, 669, 294
4, 919, 485
1930
1928
1927-
1926
1924 ....
1923 - - . .
1922
For footnotes, see p. 130.
STATISTICS OF INCOME
127
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
WASHINGTON *
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
121^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated) '...
Under 1 (estimated)
1-2 (estimated) '
1-2 (estimated)
5,394
25
10, 387
13, 584
8,195
5,735
2,752
5,126
273
2,225
94
1,109
$3, 066, 967
17, 799
15, 052, 981
19, 015, 001
20, 922, 512
14, 490, 929
9, 062, 817
17, 632, 405
1, 200, 567
9, 878, 128
517, 789
6. 053. 741
$258
$258
194, 655
194, 655
2-3 (estimated) i
2-3 (estimated)
154, 195
154, 195
3-4 (estimated) i
3-4 (estimated)
175, 337
175, 337
4-5 (estimated) i
149, 617
149, 617
5-6 '
5-6
121, 325
84, 480
52. 135
34, 103
37, 737
21. 136
21,891
27,028
18,913
20, 428
57,247
39, 205
18, 508
76, 593
64, 241
18, 219
63, 208
24,475
32, 014
121, 325
81, 879
48, 150
30, 677
34, 209
18, 175
18, 256
21,527
14, 557
14, 743
38, 401
23, 252
14, 308
30, 593
22, 384
408
9,848
2,015
5,682
6-7
566 3, 637, 518
269 2, 005, 987
142 1 193. "JSR
$2, 601
3,985
3,426
3,528
2,961
3,635
5,501
4,356
5,685
23, 392
24, 252
11,416
59, 480
62, 376
15, 437
54,946
34, 805
30,728
7-8
8-9
9-10
104
60
54
58
35
37
88
43
11
30
19
3
8
3
2
980, 624
628, 049
608, 674
726, 853
471, 728
534, 918
1, 499, 032
926, 410
291, 494
1, 038, 273
840, 431
169, 771
521. 138
226, 795
167, 280
10-11
11-12
12-13
13 14
14-15
15-20
$4, 546
20-25
8,299
25-30 -.
$13
2,856
8,722
2,374
11,740
853
7,229
30-40.
16, 336
40-50 _.
29, 241
50-60
60-70
13, 326
70-80
13, 198
80-90
4,396
90-100
100-150
3
317,374
50, 610
490
37,094
13, 026
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
56, 434
133, 697, 243
1, 557, 558
1,224,941
389,604
39, 684
96, 571
Summary for preceding
years: 3
1931
51, 781
63,129
65, 240
66, 167
62, 200
61, 950
78, 030
138, 181
136, 057
123, 216
174, 858, 452
238,857,983
302, 258, 404
273, 648, 593
252,547,211
245, 592, 050
272, 544, 925
393, 961, 927
351, 985, 059
300, 523, 342
1, 238, 044
2, 750, 143
5, 775, 343
4, 464, 930
2, 913, 642
2, 800, 548
2,717,102
3,231,233
3, 925, 801
5, 148, 477
1930
1929
1928
1927
1926
1925
1924
1923
1922
For footnotes, see p. 130.
128
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
WEST VIRGINIA
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
Net income classes
'(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
12H per-
cent on
capital
net loss
Under 1 (estimated) '...
2,027
29
5,354
4,779
5,441
1,973
1,688
2,196
331
1,045
139
475
347
230
174
134
86
63
59
42
28
111
37
24
31
7
?
4
$1, 324, 289
17,986
7, 807, 728
6, 783, 139
13, 813, 489
4, 975, 739
5, 655, 893
7, 597, 018
1, 453, 358
4, 631, 107
761, 746
2, 599, 150
2, 241, 136
1, 721, 800
1, 472, 594
1,268,498
904, 835
725, 380
737, 454
569,444
405, 613
1, 905, 243
833, 335
645, 743
1,051,581
312, 885
484, 773
464, 296
(2)
Under 1 (estimated)
$282
$282
1-2 (estimated)!
1-2 (estimated)
74, 585
74, 585
2-3 (estimated) 1
2-3 (estimated)...
54, 964
54, 964
3-4 (estimated)!
3-4 (estimated)
64, 864
64,864
4-5 (estimated)'
4-5 (estimated)
56, 036
56,036
5-6 >
5-6
38, 976
34, 316
33, 752
33, 848
29,534
25, 388
20, 502
20, 629
17, 216
18, 307
73, 018
38, 256
38, 155
65, 265
31,653
42, 273
56, 243
(2)
38,976
32, 766
30, 107
29, 430
24, 935
21, 071
16, 073
15.023
11,824
13, 845
47, 199
21, 398
16, 939
18,978
11,303
10, 125
8,681
&-7
$i, 560
3,645
4,418
4,599
4,317
4,429
5,606
5,392
4,462
31, 144
24,020
24, 331
61, 949
20, 762
52, 586
64, 157
(2)
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$5, 325
20-25
$88
1,714
7,250
25-30
4,829
30-40 ,
15, 662
40-50
2,031
213
408
2,443
50-60
20, 651
«0-70
17,003
70-80
(2)
80-90
90-100
1
1
(2)
(2)
m
(.')
8
100-150
(n
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
Classes grouped 2
494, 327
60, 418
10, 220
92,012
85
41,899
Total
26, 872
73, 659, 579
928, 480
629, 624
409, 379
4,539
115, 062
Summary for preceding
years: '
1931
22, 118
27, 130
29,803
30, 643
32. 500
32, 544
35,810
75, 037
89, 263
69. 501
80, 333, 944
110,726,146
136, 768, 017
140, 128, 751
139, 696, 175
141, 396, 917
144, 777, 469
226, 999, 720
260, 343, 202
198, 777, 359
515, 600
1,238,711
2, 298, 875
2,920,822
2, 519, 731
2, 304, 313
2, 133, 510
2, 796, 310
3, 875, 864
4, 594, 653
1929
1927
1926
1925
1924
1923
1922
1
For footnotes, see p. 130.
STATISTICS OF INCOME
129
Table 9. — Individual returns for 19S2 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
WISCONSIN
Number
of
retiurns
Net income
Tax
Tax before tax credit
Tax
credit—
12}^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12M per-
cent on
capital
net gain
Under 1 (estimated)'- -.
20, 502
269
18, 112
16, 739
12, 560
6,113
2,503
6,179
395
3,235
163
1,395
933
584
419
288
211
146
121
85
88
206
97
68
60
33
20
10
9
6
1
3
1
1
1
$11, 682, 757
135, 407
27, 124, 321
24, 426, 125
30, 647, 222
15, 262, 275
8, 398, 816
21, 497, 072
1, 706, 349
14, 393, 734
887, 372
7, 608, 126
6, 019, 055
4, 362, 393
3, 562, 637
2, 734, 653
2, 215, 389
1,681,118
1, 513, 337
1, 143, 429
1, 270, 898
3, 523, 482
2, 154, 177
1,841,456
2, 095, 624
1,475,910
1, 073, 805
635, 096
659, 993
505, 400
(2)
(2)
(2)
CO
(2)
$2, 795
$2, 795
1-2 (estimated)!
292, 736
292, 736
2-3 (estimated)' .. ..
2-3 (estimated) -- -
227, 534
227, 534
3-4 (estimated)'
3—4 (estimated)..
234, 377
234, 377
4-5 (estimated)'
4-5 (estimated)
197, 423
197, 423
5-6' - .-
5-6.
128, 034
115,551
101,977
94, 401
81, 639
73, 756
57, 038
55, 593
43, 351
51,784
155, 491
116, 198
112,626
157, 099
103, 943
100, 617
84, 596
95, 154
67, 666
(0
(.')
(2)
(')
(2)
128, 034
111,245
93, 417
83, 976
71, 662
63, 035
47, 136
44, 362
32, 898
38, 180
111,687
78, 030
59, 470
65, 410
51,986
25, 200
23, 824
23, 021
15, 632
(-)
(2)
&-7
$4, 306
8,560
10, 425
9,977
10, 721
9,903
11,231
10, 453
13, 604
57, 506
60, 397
72, 386
124, 328
120, 416
116,265
81, 479
102, 310
86. 075
(0
(0
(2)
(0
(2)
7-8
8-9...
9-10
10-11..
11-12
12-13..
13-14
14-15
15-20
$401
105
1,908
6,630
8,277
338
$14, 103
20-25
22, 334
25-30
21, 138
30-40
39, 269
40-50
76, 736
50-60..
41, 186
60-70-
20, 707
70-80...
535
7
30, 712
80-90
34, 048
90-100
(')
100-150
(-')
150-200.
(^)
200-250
(2)
250-300
(')
300-400- _
400-500
1
(0
(0
(2)
0)
(0
500-750 .
750-1,000 .
1,000-1,500
1,500-2,000
2,000-3,000
3,000-4,000
4,000-5,000
5,000 and over
Classes grouped 2
1, 595, 696
471, 046
17, 110
562,611
59
108, 734
Total
91, 557
203, 833, 124
3, 222, 425
2, 140, 179
1, 472, 953
18, 260
408,967
Summary for preceding
1931.
84, 681
95, 366
103,044
98, 485
100, 956
99, 251
110, 485
179, 275
194, 050
160, 519
251, 988, 008
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
2, 438, 474
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
1930.
1929.
1928
1927-
1926
1925
1924.
1923
1922
For footnotes, see p. 130.
130
STATISTICS OF INCOME
Table 9. — Individual returns for 1932 by States and Territories and by net income
classes, showing number of returns, net income, tax, tax before tax credit, and tax
credit; also total number, net income, and tax for prior years — Continued
WYOMING
Number
of
returns
Net income
Tax
Tax before tax credit
Tax
credit—
12}^ per-
cent on
capital
net loss
Net income classes
(Thousands of dollars)
Normal
tax
Surtax
12H per-
cent on
capital
net gain
Under 1 (estimated)'
685
13
1,322
1,528
1,288
642
388
513
44
232
13
121
63
46
27
12
16
6
8
6
5
9
5
2
2
1
1
$350, 171
6,293
1, 986, 499
2, 132, 234
3, 280, 361
1, 375, 704
1,284,317
1,770,012
197, 256
1, 028, 600
71, 790
651, 562
410, 513
341, 930
228, 024
116, 227
157, 802
67, 889
99, 266
81, 295
73, 253
156, 868
112,306
56, 957
(/)
(2)
(2)
Under 1 (estimated)
$140
$140
1-2 (estimated)'
1-2 (estimated)
23, 134
23, 134
2-3 (estimated)'
2-3 (estimated)
14, 094
14, 094
3-4 (estimated)'
3-4 (estimated) .. .
13, 722
13, 722
4-5 (estimated)'
4-5 (estimated)
12,611
12, 611
5-6' -
5-6
10, 134
6,947
7,646
5,577
2,818
4,774
1,837
3,360
3,752
3,130
4, 331
6,130
4,150
m
(2)
10, 134
6, 633
6,969
4,929
2,423
4,026
1,479
2,560
2,875
2,301
3,460
3,875
1,699
(2)
(2)
(2)
6-7
$314
677
648
395
748
358
800
877
829
2,325
2,742
2,441
(2)
(2)
(0
7-8
8-9
9-10
10-11
11-12
12-13
13-14
14-15
15-20
$1, 454
20-25
487
25-30
$27
17
30-40
40-50
50-60
(2)
60-70
70-80
80-90
90-100
100-150
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
4 000-5 000
i62, 7i6
15, 430
4,618
12, 992
2,180
Total
6,796
16, 189, 839
143,717
121, 682
26, 146
27
4,138
years: ^
5,891
6,809
8,140
8,622
8,870
8,930
10, 336
22, 947
23, 246
21, 943
18, 176, 553
22, 979, 517
30,813,018
33, 233, 249
31,297,698
31, 750, 581
33, 481, 518
60, 751, 853
57, 376, 054
48, 826, 743
65, 346
141, 440
188, 964
372, 128
274, 644
263, 319
256, 481
414, 087
520, 769
687, 062
1930
1929
1928
1927
1926
1925
1924
1923
1922
1 Nontaxable returns. Specific exemptions from normal tax exceed net income.
2 Classes grouped to conceal identity of taxpayer.
' Changes in the revenue acts alTecting the comparability of statistical data from income-tax returns of
individuals are summarized on pp. 202-209.
* Includes Alaska.
STATISTICS OF INCOME
131
Table 10. — Individual returns for 1932 on form IO4O with no net income, by States
and Territories, showing number of returns and deficit
States and
Territories
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Dist. Columbia.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana _
Num-
Deficit
ber of
(in
re-
thou-
turns
sands)
1,596
$7, 936
683
3,654
1,151
5,581
20, 875
129, 838
2,111
9,171
3,590
26, 739
431
3,975
871
7,198
2,606
17, 900
1,890
10, 456
472
2,446
431
1,933
13, 920
145, 642
3,458
17, 729
3,382
14, 570
3,114
9,880
1,658
9,055
2,187
15, 105
States and
Territories
Maine
Maryland
Massachusetts...
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada.-
New Hampshire.
New Jersey
New Mexico
New York
North Carolina..
North Dakota...
Ohio
Num-
ber of
turns
1,026
2,622
9,236
8,337
3,073
1,825
4,025
275
2,336
256
752
6,919
447
35, 883
1,842
911
8,646
Deficit
(in
thou-
sands)
$5,015
21, 766
69, 402
60, 738
16, 373
7,892
26, 736
1,807
8,295
1,136
3,735
52, 790
1,866
406, 951
9,745
2,192
63, 862
States and
Territories
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina..
South Dakota...
Tennessee
Texas
Utah
Vermont
Virginia
Washington '
West Virginia
Wisconsin
Wyoming
Total...
Num-
ber of
turns
2,787
2,085
17, 996
1,089
938
924
1,875
9,699
654
233
1,893
4,533
1,368
6,757
625
206,293
Deficit
(in
thou-
sands)
$14,611
8,203
120, 243
7,996
4,010
2,225
9,790
53, 980
2,598
1,401
8,294
18, 272
5,798
22, 325
2,068
1,480,922
' Includes Alaska.
Table 11. — Individual returns for -1932 on form IO4O loith 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. 1-5]
Sources of income
Deficit classes
Wages
and
salaries
Busi-
ness
Part-
ner-
ship 1
Profit
from
sale of
real
estate,
stocks,
bonds,
etc. 2
Rents
and
royal-
ties
Interest
on Gov-
ernment
obliga-
tions
not
wholly
exempt
Divi-
dends on
stock of
domestic
corpora-
tions
Fidu-
ciary 1
Interest
other
than
tax-
exempt
Under 5-
10.5, 915
33, 720
37, 586
19, 226
11,555
4,543
4,477
1,167
808
721
33, 877
7,922
7,698
3,143
1,407
424
241
165
4
13, 257
4,502
4,281
2,622
1,841
613
398
245
761
93
6,670
2,213
3,512
2,048
1, 519
3,658
747
171
39
24
62, 927
15, 241
13, 855
5,865
4,626
1,114
1,057
381
347
195
1,758
653
873
474
178
66
123
12
61
38
58, 763
28, 751
37, 237
24, 300
20, 874
9,146
13, 926
5,248
9,948
8,351
7,318
2,881
3,480
2,212
1,383
599
672
227
64
7
54, 105
5-10
19, 217
10-25
23, 129
25-50
12, 708
60-100
8,362
100-150
3,370
150-300
4,520
300-500
2,772
500-1,000
1,654
1,000 and over
2,156
Total
219, 716
54, 880
28, 612
20, 602
105, 609
4,235
216, 544
18,843
131,993
Sources of income-
Continued
Deductions
Deficit classes
Other
income
Total
income
Net loss
from sale
of real
estate,
stocks,
etc.2
Net loss
from
business
and
partner-
ship
Contri-
butions
All
Other
Total
Deficit
Under 5
13, 9.33
3,920
4,629
3,010
1,878
534
1,190
330
478
657
358, 522
119,018
136, 281
75, 608
53, 622
24, 067
27, 351
10,718
14, 165
12, 241
134, 319
88, 651
152, 479
123, 235
110,432
48, 178
70, 473
29, 766
30, 060
47, 688
181, 202
84, 751
96, 982
53, 527
37, 095
20, 652
21, 398
9,560
7,764
6,409
6,460
1,827
1,970
1,044
573
311
246
74
112
34
270, 145
109, 455
148, 052
105, 014
91,032
43, 034
63, 782
35, 857
35, 061
43,811
592, 126
284, 685
399, 483
282, 820
239, 132
112, 175
155, 898
75, 257
72,996
97,942
233, 605
6-10
165, 667
10-25
263, 202
25-50
207, 213
60-100-
185, 510
100-150
88, 107
150-300—
128, 547
300-500..
64, 539
600-1,000 .
58,831
1,000 and over
85, 701
Total
30, 559
831, 592
835. 280
519. 340
12, 651
945. 243
2, 312, 514
1, 480, 922
1 For explanation of item, see p. 10.
' Includes amounts from sale of capital assets held more than 2 years.
BASIC TABLES
CORPORATION RETURNS
133
134
STATISTICS OF INCOME
Table 12. — Corporation returns for 1932, by States and Territories, showing for
tions, net income or deficit, net loss for prior year, income
(Money figures in
[For text defining certain items and
States and Territories
Total
number
of returns
Returns showing net
income
Number
Gross in-
come 1
Deduc-
tions 1
Net in-
come
Net loss
for prior
year
1
Alabama -
4,065
165
1,773
2,306
24, 109
6,952
8,370
2,054
2,378
9,853
5,360
780
2,350
32, 117
11, 649
9,131
4,997
5,193
6,675
3,771
6,156
20, 016
14, 951
11, 196
2,446
16, 373
3,044
4,694
938
1,333
23, 278
1,197
109, 931
5,802
3,239
24, 919
6,092
6,446
26, 800
3,134
3,404
3,023
5,199
15, 154
2,901
1,174
6,915
12, 328
4,807
16, 203
1,495
607
42
217
499
4,419
980
1,381
445
686
1,204
1,032
304
279
4,816
1,963
1,377
1,064
1,079
1,197
713
1,300
3,476
2,063
2,030
367
3,140
529
958
108
329
3,128
188
15, 599
1,080
487
3,969
1,030
779
4,546
562
511
473
1,010
2,982
419
221
1,490
1,654
962
2,806
246
50, 683
2,949
19, 672
40, 052
1, 595, 538
191, 260
462, 884
585, 193
174, 424
125, 985
178, 537
91, 062
21, 777
3, 565, 964
292, 504
286, 327
288, 764
221, 566
243, 716
107, 009
1, 169, 378
1, 616, 236
703, 521
652, 128
25, 779
986, 399
33, 989
133, 907
254, 427
47, 479
996, 615
12, 157
9, 660, 469
464, 287
26, 754
1, 746, 586
166, 747
83, 397
2, 072, 786
127,045
82, 521
26, 226
221,451
730, 901
29, 847
25, 752
378, 009
166, 579
119,373
391, 493
9,859
48, 484
2,688
18, 804
38, 152
1, 455, 960
176, 977
427, 540
544, 496
159, 475
119, 505
167, 770
83, 388
20, 520
3, 434, 005
269, 090
275, 088
275, 456
207, 099
228, 787
99, 085
1, 113, 261
1, 509, 580
649, 499
621,013
24, 652
907, 875
32, 941
126, 769
247, 965
45, 328
890, 049
11,745
8, 960, 313
401, 600
25, 927
1, 632, 105
146, 529
80, 341
1,908,736
117, 755
79, 074
25, 527
208, 454
690, 043
28, 273
24, 542
341,317
158, 835
111,458
371, 645
9,332
2,200
261
868
1,901
139, 578
14, 283
35,344
40, 697
14,949
6,481
10, 767
7,674
1,258
131, 959
23, 414
11, 239
13, 308
14, 468
14, 929
7,924
56, 117
106, 655
54, 022
31,115
1,128
78,524
1,048
7,138
6,462
2,151
106, 566
412
700, 156
62, 687
827
114, 481
20, 218
3,055
164, 050
9,290
3,448
699
12,997
40, 858
1,573
1,210
36, 692
7,744
7,915
19, 848
£28
345
86
94
187
3,773
491
723
967
290
702
831
164
68
18, 330
932
250
281
665
1,115
158
506
2,649
1,647
1,210
113
1,238
128
246
27
122
4,986
56
21, 392
287
71
4,737
1,113
320
6,573
529
142
77
602
6,195
71
39
625
725
333
1,178
100
?
Alaska .
3
Arizona .
4
Arkansas
5
California .
6
Colorado
7
Connecticut -
8
q
District of Columbia --
in
Florida
11
T?
13
14
15
16
17
18
19
?0
?1
29
23
Michigan . . -
?4
Minnesota - .
25
Mississippi -
96
Missouri -
97
Montana -
98
Nebraska . .
99
Nevada -
30
New Hampshire -
31
New Jersey - .
39
33
New York -. -
34
North Carolina - -.
35
North Dakota . --
36
Ohio
37
Oklahoma
38
Oregon -
39
Pennsylvania
40
Rhode Island
41
South Carolina - --
49
South Dakota
43
44
Texas
45
Utah
46
47
48
49
50
51
Total -
508, 636
82, 646
31,707,963
29, 554, 850
2, 153, 113
88,477
1 Gross income and deductions correspond to total income and total deductions (items 13 and 25, re-
spectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 6,
respectively, on face of return).
STATISTICS OF INCOME
135
returns with net income and no net income, number of returns, gross income, deduc-
tax and dividends paid; also number of inactive corporations
thousands of dollars]
describing returns included see pp. 1-5]
Returns
Returns
showing
showing
net in-
no in-
Dividends— re-
Dividends— re-
Returns showing no net income
come
turns showing
turns showing
Contin-
Inactive
net income
no net
mcome
ued
corpora-
tions
Income
tax
Number
Gross in-
come 1
Deduc-
tions 1
Deficit
Number
Cash
Stocli
Cash
Stock
247
2,953
232, 078
271, 741
39, 662
505
1,482
6
3,551
69
1
24
92
2,770
3,407
637
31
73
17
2
106
1,026
52, 256
64, 119
11,863
530
1,196
541
gf
3
231
1,679
116,265
130, 845
14, 679
128
2,566
23'
731
4
18, 703
16, 590
2, 221, 271
2, 607, 124
385,853
3,100
179, 502
1,399
66, 393
"i,"837"
5
1,775
4,564
322, 205
365, 054
42, 849
1,408
14, 277
293
8,673
96
6
4,752
6,418
905, 173
1, 029, 955
124, 782
671
38, 876
307
21,230
1,536
7
5,573
1,341
636, 895
737, 653
100, 758
268
85, 257
13, 202
80, 693
2,183
8
2,064
1,590
257, 854
310, 452
52, 698
202
8,161
614
4,810
61
9
784
6,611
262, 469
320, 696
58, 228
2,038
4,586
121
3,910
299
10
1,354
4,046
326, 905
363, 395
36, 490
282
7,666
116
11, 086
619
11
1,031
446
105, 213
122, 493
17, 280
30
9,685
376
7,528
13
12
177
1,323
58, 949
72, 932
13, 983
748
1,710
31
455
1
13
15, 713
24, 144
5, 758, 058
6, 578, 213
820, 155
3,167
146, 321
6,184
163, 197
806
14
3,108
8,322
702, 416
822, 670
120, 254
1,364
16, 724
217
9,412
638
15
1,503
5,867
380, 172
436, 342
56, 170
1,887
10,511
86
4,046
71
16
1,819
3,453
239, 684
272, 223
32, 639
480
17, 131
34
2,051
52
17
1,873
3,586
327, 561
366, 789
39, 228
528
15, 732
534
3,951
92
18
1,765
4,681
399, 762
454, 687
54, 925
797
9,103
604
4,126
661
19
1,084
2,614
238, 515
288, 233
49, 719
444
10,233
38
4,671
66
20
7,712
4,102
703, 194
838, 437
135, 243
754
38, 691
202
13, 571
208
21
14, 217
15, 396
2, 231, 981
2, 601, 355
369, 374
1,144
110, 843
8,743
42, 337
748
22
7,219
11,247
2, 224, 772
2, 597, 252
372, 480
1,641
68, 192
1,988
85, 498
746
23
4,166
7,513
867, 046
1, 010, 472
143, 426
1,653
40,489
690
19, 252
452
24
133
1,778
106, 816
122, 864
16, 048
301
827
37
1,663
21
25
10, 554
11,243
1, 365, 961
1, 550, 284
184, 323
1,990
64, 894
363
23, 220
938
26
121
2,153
71,612
83, 402
11, 790
362
1,023
996
163
27
948
3,308
236, 421
264, 223
27, 803
428
6,209
""854"
2,622
1,110
28
896
642
26, 226
32, 245
6,021
288
8,697
279
--
29
277
934
72, 788
83, 365
10, 677
70
2,440
13'
1,055
30
14, 037
17, 955
1, 776, 135
2, 135, 990
359, 856
2,195
117, 109
364
88, 596
484
31
47
738
32, 497
37, 031
4,535
271
337
21
262
13
32
94, 739
85,234
14, 191, 558
16, 377, 307
2, 185, 749
9,098
817, 250
37, 059
601, 104
30, 935
33
8,665
4,241
345, 791
396, 925
51, 134
481
46, 341
114
5,424
173
34
102
1,910
62, 653
69, 148
6,696
842
604
36
217
20
35
15, 124
19, 399
2, 727, 030
3, 205, 627
478, 598
1,551
78, 176
496
70, 375
3,969
36
2,611
4,369
500, 309
583, 977
83, 668
693
18,233
77
6,547
362
37
371
4,336
280, 190
332, 114
51, 924
1,331
3,381
96
4,668
114
38
21, 983
19, 143
4, 092, 190
4, 659, 276
567, 085
3,111
213, 791
8,601
135, 165
1,974
39
1,147
2,327
347, 445
409, 467
62, 012
246
7,897
1,659
7,293
103
40
433
2,611
153, 147
173, 815
20, 668
382
2,243
1,881
1,254
125
41
84
1,900
58, 561
64, 414
6,853
650
477
37
540
24
42
1,700
3,678
358, 843
401, 264
42, 422
611
10, 416
122
6,488
139
43
4,713
10, 653
812,817
969, 229
156, 413
1,519
31,128
1,289
13, 822
164
44
206
1,909
140, 058
168, 685
18, 527
573
1,666
252
3,862
46
45
158
899
71, 086
81, 176
10, 090
54
904
10
812
1
46
4,972
4,765
360, 176
422,964
62, 779
660
30, 118
207
5,135
322
47
954
8,150
499, 153
584, 593
85,440
2,524
6,596
80
9,116
18
48
1,039
3,344
258, 395
296, 965
37, 569
501
8,893
87
4,362
140
49
3,061
11, 176
829, 237
979, 023
149, 785
2,221
11,537
695
19, 146
433
50
59
1,039
35,317
41,667
6,350
210
494
584
1
51
286, 034
369, 238
49, 375, 776
57, 172, 461
7, 796, 687
56, 752
2, 320, 386
89, 965
1, 665, 215
63, 122
136
STATISTICS OF INCOME
Table 13. — Corporation returns for 19S2 by major industrial groups, showing num
statutory net income or deficit, tax, net profit
[Money figures in
[For text defining certain items and
PART I. ALL
Industrial groups
Agricul-
ture and
related
indus-
tries
Mining
and quar-
rying
Manufactur-
ing
Total manu-
facturing
Number of returns
Receipts, taxable income:
Gross sales '-..
Gross receipts from other operations '
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 oflacers..
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 (10 less 20)
Statutory net income less statutory deficit
Net loss for prior year
Income tax --
Compiled net profit less income tax (21 less 24)
Cash dividends paid -
Stock dividends paid - -
451, 884
9,768
12, 046
87, 916
53, 099, 401
19, 778, 547
3,490,813
1, 925, 918
142, 455
1, 386, 623
1, 259, 982
554, 250
253, 017
83,792
6,365
9,607
1,679
8,591
5,102
813
978, 143
564, 932
20, 254
22, 612
10, 394
48,035
20, 606
7,413
29, 077, 895
1, 826, 321
275, 061
131, 531
26, 882
427, 866
210, 928
79, 106
81, 637, 988
368, 966
1, 672, 288
32, 055, 589
297, 311
132, 597
043,087
087, 337
313, 306
693, 123
246, 544
705, 175
948, 852
195, 685
16, 202
24, 309
21, 738
6,169
32, 021
2,287
10, 340
143, 284
757, 085
38, 411
79, 063
62, 261
12, 521
165, 845
101, 653
28, 784
623, 113
22, 163, 178
734, 148
540, 193
547, 385
335, 329
1,570,812
116, 080
243, 987
7, 320, 797
85, 467, 330
452, 034
1, 868, 737
33, 571, !
' 3, 829, 342
' 5, 643, 574
88,477
286, 034
' 4, 115, 377
3, 885, 601
143, 076
' 83, 067
1 88, 983
1,059
675
1 83, 742
13, 529
484
1 196, 449
? 224, 367
8,655
7,445
'203,894
102,079
1,943
1 1, 516, 320
' 1, 806, 354
32, 644
99, 949
' 1, 616, 269
1, 326, 490
81, 455
For footnotes, see pp. 146-147.
STATISTICS OF INCOME
137
her of returns, compiled receipts and statutory deductions, net profit or deficit,
after deducting tax, and dividends paid
thousands of dollars]
describing returns included see pp. 1-5]
RETURNS
Industrial groups— Continued
Manufacturing— C ontinued
Food products
including
beverages
Tobacco
products
Textiles and
their prod-
ucts
Leather and
its manufac-
tures
Rubber
products
Forest
products
Paper, pulp,
and products
14, 282
370
14, 339
2,284
522
6,470
2,055
1
7,009,505
828, 237
3, 773, 154
824, 659
606, 493
793,996
954, 453
2
132, 823
196, 912
48, 153
3,319
2,288
23,705
11, 200
3
30, 581
2,750
13, 510
3,374
8,174
9,034
19, 882
4
19, 847
870
13, 614
2,194
3,430
6,811
4,620
5
1,756
106
2,427
197
159
2,222
1,206
6
63, 167
4,208
28, 855
6,329
9,812
14, 999
12, 834
7
31, 978
6,639
4,238
959
5,161
3,194
5,201
8
8,536
2,759
7,794
698
2,669
1,658
1,938
9
7, 298, 193
1,042,481
3, 891, 746
841, 729
638, 185
855, 619
1,011,334
10
5, 372, 898
602, 421
3, 190, 302
692, 370
429, 201
687,884
736,988
11
100, 426
7,783
125, 356
22, 972
6,534
38, 596
28, 880
12
73, 625
3,939
35, 835
6,039
18, 992
27, 871
35, 880
13
67, 897
9,207
44,533
6,315
8,790
24,806
18, 003
14
41, 020
2,743
48, 341
12, 579
18, 114
20,300
7,496
15
199, 154
7,639
129, 773
14, 167
32, 897
48, 093
62, 671
16
756
117
254
60
14,984
947
17
58, 675
4,768
28,344
4,000
1,290
14, 321
4,228
18
1,351,052
261, 334
568, 311
124, 485
153, 215
181, 030
173, 573
19
7, 265, 503
899, 835
4,170,911
883, 181
669, 094
1, 057, 885
1,068,668
20
32, 690
142, 646
' 279, 165
7 41, 453
'30,909
' 202, 266
' 57, 334
21
?7,824
133, 248
' 291, 197
' 43, 110
' 38, 739
' 207, 118
' 64, 472
22
16, 433
39
2,913
667
584
395
462
23
25, 201
19, 061
5,047
2,404
301
666
2,237
24
7,489
123, 585
'284,212
^ 43, 857
'31,210
' 202, 932
' 59, 571
25
231, 747
98, 898
58, 978
20, 560
19,304
17,473
25, 860
26
7,128
5
3,519
92
663
486
411
27
138
STATISTICS OF INCOME
Table 13. — Corporation returns for 1932 by major industrial groups, showing num
statutory net income or deficit, tax, net profit
[Money figures in
PART I. ALL
Industrial groups — Continued
Manufacturing— C ontinued
Printing,
publishing,
and allied
industries
Chemicals
and allied
products
Stone,
clay, and
glass prod-
ucts
Metal and
its prod
ucts
10
Number of returns.
Receipts, taxable income:
Gross sales i .
Gross receipts from other operations 2..
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
Compiled net profit or deficit (10 less 20)
Statutory net income less statutory deficit
Net loss for prior year
Income tax---
Compiled net profit less income tax (21 less 24) .
Cash dividends paid -
Stock dividends paid—
1, 003, 924
723, 466
9,302
17, 614
1,521
20, 959
11,971
3,973
7,056
5, 716, 863
403, 789
82, 226
27,446
9,521
118, 748
99, 196
14, 568
4,109
18, 108
644, 318
6,412
5,101
2,644
547
9,914
1,480
2,359
5, 977, 527
258, 253
78, 838
27, 169
6,455
119, 345
39, 146
30, 323
1, 792, 730
6, 472, 359
672, 775
6, 537, 057
655, 481
89, 701
30, 002
20, 308
29,379
58, 770
162
8,972
921, 376
3, 965, 468
66, 038
141, 888
157, 148
41, 878
418, 924
89, 999
35, 366
1, 477, 383
468, 469
26, 951
16, 628
13, 449
10, 127
68, 917
1,454
8,185
151, 584
4, 680, 805
174, 862
129, 560
163, 247
82, 413
482, 289
7,250
65, 691
1, 664, 938
Total statutory deductions- 1, 814, 151
6, 414, 082
765, 764
7, 451, 056
'21,421
' 37, 366
2,294
7,795
^ 29, 216
71,531
21, 793
58, 276
? 55, 488
5,457
22, 644
35, 632
378, 934
12, 496
7 92, 989
7 96, 828
418
1,760
' 94, 749
29,371
105
' 913, 999
7 983, 468
2,175
9,558
^ 923, 558
342, 478
33, 774
For footnotes, see pp. 146-147.
STATISTICS OF INCOME
139
ber of returns, compiled receipts and statutory deductions, net profit or deficit,,
after deducting tax, and dividends paid — Continued
thousands of dollars]
RETURNS— Continued
Industrial groups— Continued
Manufactur-
ing— Contd.
Construction
Transporta-
tion and
other public
utilities
Trade
Service— Pro-
fessional,
amusements,
hotels, etc.
Finance-
Banking, in-
surance, real
estate, stock
and bond
brokers, etc.
Nature of
business not
given
Manufactur-
ing not else-
where classi-
fied
6,656
17, 319
21,681
132, 314
43,282
125, 120
2,438
1
944, 767
16, 002
12,289
5,271
764
18, 696
1,764
1,830
688, 393
674,911
18, 124
16, 521
3,010
19, 305
17, 652
4,887
22, 101, 953
484, 440
93, 826
109, 228
8,386
299, 308
36,286
12, 533
?^
10, 091, 186
268, 426
158, 214
12, 168
279, 867
429, 144
22, 329
2, 653, 221
29, 039
317, 262
7,451
67, 363
17, 505
2,361
« 3, 389, 738
2, 778, 829
1, 160, 654
71,911
235, 175
520, 607
424, 745
10,006
889
289
574
1,112
2,252
63
a
4
5
6
7
8
9
1, 001, 383
1,442,802
11,261,335
23, 145, 961
3, 094, 202
8, 581, 660
15, 185
10
680, 890
46, 048
19, 934
13, 681
20, 940
47, 517
97
10, 157
272, 515
571, 395
88, 061
31, 604
13, 141
17, 406
58, 413
506
15, 306
734, 802
17, 609, 969
616, 341
167, 837
182, 239
277, 107
278, 303
1,139
' 63,120
4, 706, 335
11
85, 107
1,611,883
709, 191
67, 987
1, 061, 661
22, 269
133, 069
7, 249, 590
155, 325
204, 458
123, 657
33, 762
225, 542
365
98,940
2, 648, 375
397, 785
1, 382, 910
427, 261
561, 345
300, 057
2,251
1, 104, 572
6 5, 507, 632
1,217
830
464
1,679
468
4
7,056
14, 923
12-
13
14
15
16
17
18
19
1,111,780
1, 530, 633
10, 940, 746
23,902,391
3, 490, 424
6 9, 683, 815
26,642
20
1 110, 397
? 113, 991
808
3,273
' 113, 670
31, 354
984
' 87, 830
' 110, 369
4,073
3,639
' 91, 469
40, 467
2,510
320, 589
' 130, 884
5,638
98, 118
222, 471
1, 313, 368
19, 038
^ 756, 431
1 805, 250
12, 107
30,644
'787,075
250, 378
10, 572
' 396, 223
'416,088
3,791
8,854
' 405, 077
71,977
1,442
7 1, 102, 155
' 2, 047, 508
20, 453
36, 576
' 1, 138, 731
766, 288
25,587
1 11, 457
1 13, 771
56
135
' 11, 592
1,024
45
21
22
23
24
25
26
27
61684—34
140
STATISTICS OF INCOME
Table 13. — Corporation returns for 1932 by major industrial groups, showing
statutory net income or deficit, tax, net profit
[Money figures in
PABT II. RETURNS
Industrial groups
Aggregate
Agricul-
ture and
related
indus-
tries
Mining
and
quarry-
ing
Manufactur-
ing
Total manu-
facturing
Number of returns
Receipts, taxable income:
Gross sales ' -- -
Gross receipts from other operations ^
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 ^oods sold -
Compensation of ofiQcers.. —
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 (10 less 20)
Statutory net income (21 less 8 and 9)
Net loss for prior year
Income tax
Compiled net profit less income tax (21 less 24)
Cash dividends paid
Stock dividends paid
82,646
1,153
2,868
20, 896, 599
8, 067, 614
1,284,844
543, 117
47,647
431, 142
437, 001
147, 468
87, 179
37,401
2, 106
2,847
618
1,699
1,183
94
275, 853
215, 358
6,612
4,997
6,268
21, 117
7.373
2,693
31, 855, 431
133, 128
540, 171
15, 570, 730
563, 062
862, 744
636, 717
235, 938
1, 209, 632
82,629
110, 864
9, 845, 533
61,076
2,869
1,995
8,007
948
13, 624
150
123
37, 078
177, 111
10, 783
9,982
18, 076
2,206
36,168
44,282
2,720
166,203
29,117,850
125, 871
467, 531
2, 737. 582
2, 153, 113
88, 477
286, 034
2, 451, 547
2, 320, 386
89, 955
7,257
5,979
1,059
675
6,582
10,007
359
72, 641
62, 675
8,655
7,445
65, 196
66, 572
166
14985
11,429,847
899, 625
77, 933
46, 061
5,380
136, 738
101, 207
32,941
12, 729, 733
8, 152, 483
213, 257
106,999
131, 156
86,588
404. 219
27,835
37, 137
2, 678, 409
11,838,083
891, 650
757, 501
32,644
99, 949
791, 701
828,409
48,448
For footnotes, see pp 146-147.
STATISTICS OF INCOME
141
number of returns, compiled receipts and statutory deductions, net profit or deficit,
after deducting tax, and dividends paid — Continued
thonsands of dollars]
SHOWING NET INCOME
Industrial groups— Continued
Manufacturing— Continued
Food products,
including
beverages
Tobacco
products
Textiles and
their prod-
ucts
Leather and
its manufac-
tures
Rubber
products
Forest
products
Paper, pulp,
and products
3,629
114
2,467
468
96
541
473
1
4, 275, 572
768,209
1,176,961
365, 844
124, 128
89,290
283, 009
2
71, 316
196,832
16,606
1,027
248
3,455
2,310
3
20, 110
2,575
3,212
1,724
678
599
1,280
4
7,872
635
2,845
402
1,423
290
451
5
762
97
914
30
84
295
492
6
41, 659
3,666
9.524
1,882
882
1,396
3,440
7
13,413
6,519
1,454
528
138
504
677
8
6,026
2,705
3,887
245
168
232
740
9
4,436,729
981, 239
1, 215, 403
371, 682
127, 739
96, 061
292, 459
10
3, 248, 109
555, 490
936, 394
294,024
77, 546
67, 793
196, 889
11
48, 101
6,794
33,745
7,542
1,585
3,813
9,238
12
32, 178
3,490
5,521
998
1,407
765
3,144
13
37, 390
8,173
8,797
2,050
1,961
1,214
3,392
14
19, 396
1,993
8,628
3,659
5,377
1,151
2,014
16
103, 072
6,301
33, 218
5,257
5,838
3,037
14,849
16
226
12, 262
21
1,712
2
444
330
135
442
491
17
4,107
25
18
717, 167
248, 268
140, 973
38,247
30,927
11, 826
43,983
19
4, 217, 903
833, 615
1, 169, 010
352, 222
124, 664
90, 054
274, 441
20
218, 826
147,623
46, 393
19, 460
3,075
6,007
18,017
21
199, 387
138, 399
41, 052
18, 687
2,779
5,271
16, 600
22
16, 433
39
2,913
667
584
395
462
23
25, 201
19, 061
5,047
2,404
301
666
2,237
24
193,624
128, 562
41, 345
17, 056
2,775
5,342
15, 781
25
211,983
96, 701
32, 415
18,238
6,368
6,551
14, 432
26
6,674
5
2,639
24
22
244
V
142
STATISTICS OF INCOME
Table 13. — Corporation returns for 1932 by major industrial- groups, showing
statutory net income or deficit, tax, net profit after
[Money figures in
PART II. RETURNS SHOW
Industrial groups— Continued
Manufacturing— Continued
Printing,
publishing,
and allied
industries
Chemicals
and allied
products
Stone,
clay, and
glass prod-
ucts
Metal and
its prod-
ucts
Number of returns.
Receipts, taxable income:
Gross sales '
Gross receipts from other operations ^
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 oflQcers
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 (10 less 20)
Statutory net income (21 less 8 and 9)
Net loss for prior year
Income tax
Compiled net profit less income tax (21 less 24)
Cash dividends paid
Stock dividends paid
2,155
387, 619
470, 865
5,331
10, 333
580
8,781
5,075
2,671
891, 155
231, 837
29, 610
14, 526
9,325
12, 441
25, 746
89
2,010
499, 122
824,604
66, 551
68, 804
2,294
7,795
58, 756
64, 864
21, 201
1,741
424
1,917
2, 540, 291
94, 463
25, 565
13, 570
793
20, 118
66, 891
8,664
177, 974
1,804
1,218
451
108
2,612
456
1,005
939, 291
33, 937
9,735
6,807
1,026
35, 951
4,608
6,064
2, 770, 256
185, 627
1,037,408
1, 595, 034
30, 862
33, 399
42, 217
16, 159
147, 025
26, 643
8,447 I
628,336
2, 627, 022
243,233
167, 778
5,457
22,644
220, 689
272, 307
10, 996
115, 899
4,678
877
1,961
2,038
10, 987
132
1,117
33, 207
170, 897
14, 730
13, 270
418
1,760
12, 970
16, 968
1
641,703
26,989
6,286
10, 766
11, 277
36, 973
11
4,993
217,653
965, 647
81, 760
71,098
2,176
9,668
72,202
78, 689
For footnotes, see pp. 146-147.
STATISTICS OF INCOME
143
number of returns, compiled receipts and statutory deductions, net profitlor deficit,
deducting tax, and dividends paid — Continued
thousands of dollars]
INQ NET INCOME— Continued
Industrial groups— Continued
Manufactur-
ing— Contd.
Construction
Transporta-
tion and
other public
utilities
Trade
Service— Pro-
fessional,
amusements,
hotels, etc.
Finance-
Banking, in-
surance, real
estate, stock
and bond
brokers, etc.
Nature of
business not
given
Manufactur-
ing not else-
where classi-
fied
960
2,115
6,700
20, 951
7,140
26, 395
339
1
301, 700
6,762
5,906
982
200
6,829
942
654
145, 549
312, 148
2,741
2,021
988
3,766
1,456
1,885
8, 958, 171
201, 138
29, 384
26, 026
3,117
95, 766
15,820
5,601
2
4, 367, 674
109, 790
76, 668
2,820
101, 953
192, 571
12, 525
809, 402
12, 736
66, 479
2,203
14, 889
4,546
1,201
« 1, 223, 440
1,043,122
317, 939
25, 762
55,076
112,680
90, 603
1,428
420
78
491
138
164
25
3
4
5
6
7
1
323, 976
470, 555
4, 863, 999
9, 335, 023
911, 456
2, 868, 623
2,744
10
191, 766
11, 400
4,420
3, 912
3,456
12, 916
39
1,394
68, 700
116, 944
19,910
3,083
2,497
2,340
13, 729
82
3,338
274, 599
7, 063, 116
144, 649
34, 590
59, 241
53, 175
95, 024
456
6,666
1, 622, Oil
11
34, 028
488, 778
298, 566
35, 169
542, 872
9,300
8,246
2, 533, 776
47, 746
26, 886
21, 087
7,206
37, 202
72
2,541
698, 577
89, 636
190, 364
98, 023
48, 259
66, 734
452
SO, 072
« 1, 833, 807
181
65
65
47
61
12
13
14
15
16
17
22
1,072
18
19
298, 003
436, 523
3, 950, 736
9, 078, 929
841,317
8 2, 377, 347
1,513
20
25, 973
24, 377
808
3,273
22, 700
23, 003
155
34, 032
30, 691
4, 073
3,639
30, 394
16, 485
671
913, 263
708, 168
5,638
98, 118
815, 145
925, 834
17,805
256, 094
234, 674
12, 107
30, 644
225, 450
169, 764
7,114
70, 139
64, 392
3,791
8,854
61, 284
50, 912
885
491, 276
287, 992
20, 453
36, 576
' 454,700
252, 159
14,492
1,230
1,041
56
135
1,095
245
15
21
22
23
24
25
26
27
144
STATISTICS OF INCOME
Table 13. — Corporation returns for 1932 hy major industrial groups, showing num
statutory net income or deficit, tax, net profit after
(Money figures! n
PART III. RETURNS SHOW
Industrial groups
Aggregate
Agricul-
ture and
related
indus-
tries
Mining
and quar-
rying
Manufac-
turing
Total manu-
facturing
10
Number of returns
Receipts, taxable income:
Gross sales '
Gross receipts from other operations '.
Interest
Rents -
Profit, sale of capital assets.
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations 3. . .
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 (10 less 20)
Statutory net deficit (21 plus 8 and 9)
Cash dividends paid
Stock dividends paid
369, 238
8,615
9,178
72, 931
;, 202, 802
, 710, 933
, 205, 969
, 382, 800
94, 808
955,481
822, 981
406, 782
165, 837
46, 390
4,259
6,760
1,061
6,893
3,918
719
702, 290
349, 574
13,642
17, 614
4,126
26, 918
13, 133
4,820
17,648,048
926, 696
197, 128
85, 470
21, 501
291, 127
109, 721
46, 165
49, 782, 556
235, 838
1, 132, 117
19, 325, 856
25, 726, 581
1, 569, 535
3, 180, 343
1,450,620
1, 077, 368
2, 483, 490
163, 914
1,594,311
19, 103, 319
134, 609
13, 332
22, 314
13, 731
5,221
18, 397
2,137
10, 216
106, 206
579, 974
27,628
69, 081
44,186
10, 315
129, 678
57, 371
26, 064
456, 911
14, 010, 695
520, 891
433, 194
416, 229
248, 741
1, 166, 594
88,245
206, 851
4, 642, 388
56, 349, 481
326, 163
1, 401, 206
21,733,826
6, 566, 924
7, 796, 687
1, 565, 215
53, 122
90, 324
94, 962
3,523
125
269, 090
287, 042
35, 507
1,777
2, 407, 970
2, 563, 855
498, 081
33,007
For footnotes, see pp. 146-147.
STATISTICS OF INCOME
145
ber of returns, compiled receipts and statutory deductions, net profit or deficit,
deducting tax, and dividends paid — Continued
thousands of dollars)
INQ NO NET INCOME
Industrial groups— Continued
Manufacturing— Continued
Food products
including
beverages
Tobacco
products
Textiles and
their prod-
ucts
Leather and
its manufac-
tures
Rubber
products
Forest
products
Paper, pulp,
and products
10, 663
256
11,872
1,816
426
5,929
1,682
1
2, 733, 933
61, 607
10, 471
11,975
994
21, 608
18, 665
2,611
60,029
79
175
235
9
642
119
54
2,596,192
31,548
10,298
10, 770
1,513
19, 331
2,784
3,907
468,815
2,291
1,660
1,791
167
4,447
431
463
482,365
2,040
7,496
2,007
75
8,930
5,022
2,511
704.706
20,260
8,435
6,620
1,927
13,604
2,689
1,427
671, 384
8,890
18, 601
4,169
714
9,394
4,624
1,198
2
3
&
6
ft
7
8
9
2, 861, 464
61,242
2, 676, 343
470, 046
610, 446
759, 558
718,876
10
2, 124, 790
62,324
41,447
30, 507
21, 623
96, 081
529
46, 413
633,885
46,931
1,989
449
1,035
750
1,338
2, 253, 908
91,612
30, 315
35, 735
39, 713
96, 555
96
26,632
427, 337
398, 347
15, 430
6,041
4,265
8,920
8,910
252
3,556
86,238
351, 656
4,950
17, 685
6,830
12, 737
27, 059
60
1,265
122,288
620, 091
34,783
27, 116
23,592
19, 148
45,056
14,664
14, 186
169,204
640,099
19,643
32, 736
14, 612
6,483
47,822
505
3,737
129, 590
11
12
la
14
16
1ft
17
661
13, 066
IS
19
3, 047, 600
66, 219
3,001,901
530, 959
544, 430
967,831
794, 226
20
186, 136
207, 211
19,764
454
4,977
6,151
2,197
325, 558
332, 249
26, 563
880
60,913
61, 797
4,323
68
33, 984
41, 517
12,937
663
208, 274
212, 389
11, 922
464
76, 351
81,073
11,428
167
21
22
2a
24
146
STATISTICS OF INCOME
Table 13. — CorporaHon returns for 1932 by major industrial groups, showing
statutory net income or deficit, tax, net profits after
[Money figures in
PART III. RETURNS SHOW
Industrial groups— Continued
Manufacturing— Continued
Printing,
publishing,
and allied
industries
Chemicals
and allied
products
Stone,
clay, and
glass prod-
ucts
Metal and
its prod-
ucts
10
Number of returns
Receipts, taxable income:
Gross sales '
Gross receipts from other operations '.
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corporations
Interest on tax-exempt obligations s. . .
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 (10 less 20)
Statutory net deficit (21 plus 8 and 9)
Cash dividends paid.
Stock dividends paid
9,510
5,315
3,685
616, 405
252, 601
3,971
7,281
941
12, 178
6,896
1,302
3, 176, 573
309, 326
56, 661
13, 877
8,728
98, 630
32, 305
6,004
466, 344
4,609
3,882
2,193
439
7,302
1,025
1,354
901, 575
3, 702, 103
487, 148
423, 644
60, 191
15, 478
10, 983
16, 938
33, 024
73
6,962
422, 254
2,370,434
35, 175
108, 489
114,931
26, 719
271, 900
63, 457
26, 909
869,047
352, 570
22, 273
15, 750
11,488
8,089
57,930
1,322
7,068
118, 377
9,547
3, 887, 060
594, 867
87,972
96, 170
16, 667
593
184, 957
223, 266
106, 627
1,501
107, 719
110, 098
13,413
103
16, 191
5, 038, 236
224, 316
69, 103
20, 363
5,430
83, 394
34, 538
24, 269
5, 499, 649
4, 039, 102
147,873
123. 275
152, 482
71, 137
446, 317
7,239
60, 699
1,447,285
6, 495, 408
995, 759
1, 054, 566
263, 889
27,285
' Gross sales where inventories are an income-determining factor. For cost of goods sold, see statutory
deductions.
2 Gross receipts from operations where inventories are not an income-determining factor. Costs are
Included under "Miscellaneous deductions."
' Includes obligations of States and Territories or minor political subdivisions, securities issued under the
Federal Farm Loan Act, and obligations of the United States or its possessions.
STATISTICS OF INCOME
147
number of returns, compiled receipts and statutory deductions, net profit or deficitf
deducting tax, and dividends paid — Continued
thousands of dollars]
INQ NO NET INCOME— Continued
Industria
I groups— Continued
Manufactur-
ing— Contd.
Construction
Transporta-
tion and
other public
utilities
Trade
Service— Pro-
fessional,
amusements,
hotels, etc.
Finance —
Banking, in-
surance, real
estate, stock
and bond
brokers, etc.
Nature of
business not
given
Manufactur-
ing not else-
where classi-
fied
5,696
15, 204
14, 981
111,363
36, 142
98, 725
2,099
1
643,067
9,239
6,383
4,289
564
1,867
822
1,176
542, 844
362, 763
15, 383
14, 500
2,022
15, 539
16, 196
3,002
13, 143, 783
283, 301
64, 442
83, 201
5,269
203, 542
20, 467
6,933
?,
5, 723, 512
158, 637
81, 547
9,349
177, 914
236, 573
9,805
1, 843, 819
16, 303
250, 782
5,248
52, 475
12, 959
1,160
« 166, 298
1, 735, 707
842, 715
46, 149
180, 099
407, 927
334, 141
8,579
469
211
83
974
2,088
38
3
4
6
6
7
8
9
677, 407
972, 247
6, 397, 336
13, 810, 938
2, 182, 746
5, 713, 037
12,441
10
489, 124
34,648
15, 514
9,769
17,485
34, 602
58
8,763
203, 816
454, 451
68, 150
28, 522
10, 643
15, 066
44, 684
423
11,968
460, 203
10, 546, 853
471,691
133, 247
122, 999
223, 932
183, 279
683
56, 454
3, 084, 324
11
51, 078
1, 123, 104
410, 625
32, 817
518, 789
12, 959
124, 823
4, 715, 814
107, 679
177, 572
102, 570
26, 557
188, 340
294
96, 399
1, 949, 797
308, 149
1, 192, 546
329, 238
513, 086
233, 324
1,800
1, 054, 500
» 3, 673, 826
1,036
764
399
1,633
407
4
7,034
13,851
12
13
14
15
16
17
18
19
813, 777
1, 094, 110
6, 990, 010
14, 823, 462
2, 649, 107
9 7, 306, 468
26, 128
20
136, 370
138, 367
8,351
829
121, 862
141, 060
23, 982
1,839
592, 674
839, 051
387, 534
1,234
1, 012, 524
1, 039, 924
80, 614
3,458
466, 361
480, 481
21, 066
558
1, 593, 431
2, 335, 500
514, 129
11,095
12, 687
14,813
779
30
21
22
23
24
< 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.
5 Includes for a limited number of returns the cost of securities purchased for customers.
6 Includes special nonexpense deductions of life insurance companies. (See p. 22.)
' Deficit.
148
STATISTICS OF INCOME
9 S
fi
•tJ
<»
»
<»
«*
ff
u
s
^
!~
fi
,^»
a
S §
CO ?*
■2 e
^ .
g e -
■w -a
.S -^
CO
00 Qi
s s
go
-oS
5" a
e.
i-H 5
i-H 0<
CO
■^ lO CO t>. 00
050
rH C^ CO-* 115
o
jaqmnu iBuag
i-l rH 1-1 -H l-l
»H
o? C
•9 o7 ".2
■* lO
o>
lO
WOCOt^ C<J o
oq
w*
t^OS O— 1 o
o
CM
2 s
"5 lO
■*
COOOt^ CO
t^
coc^
>0.-l (NCO t^
00
ll
^ (-1
0> IN
OJ
o
-^
■*-
lO
^•s
N O
IM
Ol
t^COOOOO t^
(N
OIN
TtloO COCO •*
^
^
4^
'3
<D
Q
t^ O)
CO
r^
»0 (N -^ t^ »0
^
— It^
OS O QOOS ^
lO
O (N
CT>
>o
N -<0 lO ■*
o
O0O>
CO w t^t^ CO
CM
o
oo" to
•<3^"
00
odi>r'-rod CO
t^."
tC^
odoT co'co oT
tC
"O
2
t^ I-H
05
00
f-i »o^- w <M
00
CM U3
rH irj,-! <N
o
_g
««■
IN
CM
a
O
o o
o
IN
»0 CO rH 05 t^
t^
I^ -H
t^ ■* C^ b- CO
~co
00
a
'1 ©
►o S.
cs
CO
»o O 00 CO »o
a>
t^ OS
»0 O OS <-l CO
lO
00
bo
OS y-l
-*
■* lOrt CO o
c^
CO-*
lO lO CM •* OS
OS
.S
ii
oT
05>oeq'-r rf
r^
00 00
CM oT oToo »-r
00
O CO
CO
00
0000 TtH O y-t
oq
cooq
OS O ■0-< rH
CO
1
a
«0-
IM
r-ICO!NM
■* CO
—1 r-l rnrH lO
CO
CM-
1
T)< r-l
ira
o
lO »o »0 CO o
00
t^lO
CMCO 1-1 CO CO
CO
o
00 CO
t-
t^t^l^OO o
(^
CO t^
coos TJ(|^ OS
■o
XI
CO 05
CO
•*
irjio-* O
00 CO
OOIO i-lt> o
O
CM
^
t>r
00'
r-Tcfrt CO
of
cq--r
r-T CO
C3
ffl
lO o
>o
05
cot^THco a>
ta
t^o
OIN •*■* lO
^
_,
i3
a
o t^
t^
t>.
O t^ coco T-H
TJH
CO CO
OS CM •'^ 00 OS
O
o
o
CO
00
CS t^OO'**^ CO
■*
t^QO
1-ICO COT)* OS
CM
o
69-
<N-rH- r4
t-T
•*CM
in" COCM 00
CM
OS-
5S fe
O 00
05
I^
COOSOOOO 00
m
OOP!
ooo coco CO
CO
OS
OT O
cn CO
»o
Oi
os^H oq 03 •-1
OCM
C» rH ooo O
CO
a
« nS
oo rt
o
CO
CO t— ^ M*
CO
CO
00
COCO
rHCO -^Ttl 1-1
CO rH
CO
o
® i< >>
a
l^:^
00 .-1
^
CO
OCOOO t^ —1
•o
coco
Oi-l -*CO -1
l^
OS
1^ o
r^
(^
COOOOI^ N
r^
.-IQO
t^i* CMOO t^
00
OS
a s>
c^ t^
O)
05
"ooioq 00 o
CO
lOO
Oi-I t^-* CO
CO
a
1
»o
»o
oT
t-r»0 -^O" CD
IN
■*■-!"
cood waod lo
OS
00
60-
CSrt rt
CO
COM
-hPJ C^rH to
OS
CO
B
3
t^ t^
■*
^
(NiOt^CO O
00
Ol t^
CO rH OOO CO
Tt<
CO
fl^
o> CO
CO
c<>
r^CRTff* CO
t^
Ol o
•oo C3SO O
o
■* lO
o
CO
t^T-iiaao o
>o
coo
CM T)< TtICO IN
t^
lO
ia
lO tC
-.
c<r
COTfTrt'cO >o
t^
lO-tf
coco tH'CM rH
o
00
a>
c^
CO
t^
r^ooosoo IN
CO
•OCO
COOO O Tf* rH
CO
t^
«
2 o
5"
»3-
lO
UOi-l
CO "^ Tt* rH CO
■*
OS
fe
.-1 (N
CO
<_,
INOJiNTffl ,-1
00
lOIN
ooo OSIN t^
OS
T»l
o »o
»o
CO ooo 03 r^
CO
rt< t^ O O -*
CM
^
O rt
INrtIN O
00
coco
CO rH lO »0
o
rH
a
3
12;
-r
rH
rt rn"
cs
rH
CO
„Sg
CB 00
t^
lO
C^l^r)lc35 —1
00
t^-H
>OCO OOS CO
00
_
CM
CO CO
t^
05
^ 05 corj* O
•* rt
o
00
oa-
CO CO
05
lO
1-1 oor^ 00 o
53
CO 00
CM t^ CM ■•^ 00
OS
oT i-T
CD
i-Tcor-T 05
r^
co-T
rH C-f 1*
■*-
&H32
'"'
o
1 1^ 1
£ |i ;
3 E » '
*^ O TO t/3
-§ ill
•^■' "SI'S
■a g OT CO 03
.aa-f^.gcD
V. - M 1 73 9
S a d^ «ii
mm
sa^-s^^
tT
i i is i i
! i !| 1 i
1 ! 1 ^ ,3 1
1 1 15 -a :
1 1 1-3 3 1
1 1 ; 3 c3 1
1 1 1 S OQ 1
; : i^oS 1
i§ i;^®i i
l-S 1 ^ o .S
1 3 1 to - <u h
1-2 1 S O M 3
''B ! -s M a '^
.^§ issS a
s-a J §.9-3 .3
5 1 M'g a oj a
o :3+j <3S t-i
o oo §
[■a
ia" '.a -2"'
1 1
1
2
s
5
>
"o
M
o
«
■o
1
o.
a
8
.. 3
S2
^^
3 a >
■a 3^4
3-3 o
MO g.
la i.3^ ia "3
'•S ii2sJ» :2 2
i Jim ^i
11= S|^.-S1 ^11
9ii ^■ii|ilt|3
|g| i.ai^liii
.a "Ta " s 3^-M ..nfen
aofeBt^^s-o^fe-gfeSo
■S.«pqC) gf^ coPQ O
OJ o
^ o
i i
2 1
<I> 1
t> 1
S !
M 1
■9
^ i
o 1
3 1
iS i
U 1
3 1
T3 1
o
s. ^
"g 1
.2 73
_" o
^ §
X!
o
1^
s
S
jsq
rann ibijqs
r-l C^
CO
T}<<OCOt^ 00
OS o
1-ICM COt}< lO
CO
STATISTICS OF INCOME
149
13
-^ 01
OICO
coco
(N
rr)
CO-H
-1<
(N 1^
■<*<
"
•^
s
^5J
to
-MC^as
•^
IM 10
t^
^
coo
o>
■<t<00 t^
t^
O5 00
r^
CO
10
00 lO
CO
O-H
^
^
of
co-TlT
^
^
^
rf
CO f-t CD
05
co
c^co
•^
C^ 00
IN
00 OS
OS
oqoco
_^
CJ
CO
1000
CO
?3^
01
_,
CO
cc
»OiO
0200
T)<CO
•— 1
COIN
05
0"
010 T-T
^
of
^
^
fri
03
CO
'J"
■*
coco
c^
t^OS
2P
«
co-
to
00
00
00 05
00
•^
cool
IN CO
OS
10
rtof
■*
b-
ct^o
^
^
08
CO
■*
CO
'^
"
10
IM
^-
of^-^
>o
<C(NCO
■*
M<
i>o
(NCO
CO
03
(M-
•0
■0
rt Ol
CO
■*o»
IN
CO
C5
■*osoo
CO
eq
Oi
t~ w
^
^
"
t-OS
t^
t^lO
Ol
CD 00
00
(N-
■<(< —1
>o
^
>oco
00
c^f
>o
2S
rt
010 CO
■*
CO
^ t^
^_^
"^
CO
co^
00
t-T)<
M
CO
t^JDOO
t^'
•^
^
^
>o
CO
CO
IN 00
£;
00
1000
f.
t-
000
00
IN — (
CO
CO 10
^
C^
■*
^
«5
00N'«<
10
^
-f
lOlOlp
•ot^
00
CO
CO
lO
o> t^
t^
Or-I
CO
t^
■^
(N
OJCO
co-
INN-
■zsii =3
■H >- o.t: ,
b-«5
tx -^ CD
_ o_o ,
SiB.saJH-a'C'aaV aS
'Oi-.ii>-e--HXSt;ga.3ti
-o S • -r! ,„- r/,- (^ t^ r °
a a ftO w^iS g 3 o fe o
•^ 2 o.^ o =3 £ ~ " ja ^ ^
» c o ° tiS a » So s a
530 P mQ£-< O W
a
a
>
at
-^
5
a
1
a
3a2o
0^ -Q o ^
^ — ^ UJ u
iS-^ "-1 75
..-30.01
ft.S
C3 1.1
i-H ^ --M c^ c^ cs c^
W C^ (M
150
STATISTICS OF INCOME
Is
s s
CO sJ
s, c
©4
GO-
CO §
s s
•S «*
O S 2
v. S_n
f^ "S "-+3
"^
rO
CO-* 10 to
t^
00
OSO ^ IMCO ■»<
10 CD t- 00 OS
jaqninn iBueg
CO
CO
CO ■* r»< -J" Tt< ■*
■*•>}< ^ Tp ■*
"3
^ c
.si^ii
CDCOO m
t--
05
00
»OCO CO CS t^OS
•^ I^CiCOt^
cs
OS
CO i-H Oi T-t
00
t-
CO .^ ^ CO Tt<
Ort^OIN
CO
to
cs
CO
r^
a«
g q is t> c9
3 «-
O,^ 4^*^ (^
"§^ia
COCD^ CO
to
00
t^
t^^ 00 10 OS t^
t-* .^ CO 00 CO
00
to
£
■3
P
OO^OJ ^
to
05
.■^JH
005 OS .* CO
^ to to CO 00
CO
to
a
OOrt U2 to
<N
OOOOCO COCOOJ
OS CO OS OS
OS
10
o
to TjTcO 00
co"
c>
■^
cootjT r-^iot-^
tocT^ofoo
t^
•^
t>
^ to
t^
INO uo 'J'CO t-l
(MINOOOCS
CO
d
M
(M
§
»»
o
r^ t^
05
^
loco CO »o (N ;n
CO CO CO IN Tt<
CO
Q
a
a-
^ C^ iO t^
05
o>
-^
oot^c^ to t^
^ t-.T«^OS
t^t^^ .-1
t^
cq r^ CO -* 1^
CD coos CO 10
M
I^ ®
a
la
•*OJO: (N
to
U3
00
(N-* (M OOrt OS
CO 00 CO wo t^
t^ Ol OS t-H .-(
OS
10
CO CO "* t^
O)
00
OS »o cs coo 00
»o
t^
■g
2 s
10
CO
■*
IM
TJ< 01 r-< -* CO
-^■-1 (NCO^
■*
■>!'
o
0"
co"
co-
^
^
»o
x>
(/y
fe
»o cor^ »o
in
•n
CO
r-l -H C^CO-J
OlTtICO wo
^
to I^CO CO
00
cs
w »o ^ 00 »o
CSOSOJC3S 10
OS
■5
Tj( ^ Tf< C^
CO
to
^ CD — ^ ..5* iO CS
OS (N 10 Ot^
r-l
a
.^
uS
CO
cs"
rt" cf
rtof
CO
to
3
®
OOCO N
■*
t^
co (M Tf 00 r^o
OSOOIN C3S-H
^
00
82
3
CO <N »0 .«^
s
.^
OS CO cs caO"*
t^ w 00 00 00
t^
tOrt 00
t^
(M
cs--. coco
t^co ira
IN
^-co--)--
c^
^
^
rH i-T
CO
OS
«0- -H
<N
OT i-
lOiM
w
00
!>.
to CO t^co .^
CD coos r^ CO
00
10
S 2
<-» CO t^^ Tj*
CO
cs ^ (N
Tj<T}<OS CO >0
c^
a
f&l
cq .-(
■*
Tj(
Oi
.-H ^ ^
oq IN
.rj^
r-l
oT
o
(C ui >>
«e- '^
za
^ CO CO
00
00
.^ OS (M 10 CO 00
.^ UDCO C^l 00
I^
IT
a
oicniM t^
CD
UOCS 00^^
OS
a <D
OOt^t- CO
1>
(M
t^cOO <M 000s
t^lNt^OOtO
CO
S
ii
to ^00
t>r
CO
(N-
^00 cfof
>oc» .-T
."3^"
^
CO(N
CO
<N
r-
o
««■ rt
m
i-( CO lO CO
^
(N
CO
Tj* CO CS CD
Tjl t^ .^ .— I .— 1
10
CO
a
3-
TjH oi r^ »o
OS
OS
OJ OS 00 C^l 00 CO
OOioOOO
t^
in
a
.-IC^-* 00
CO
to
00
0!N^ t^Srt
tT INCOOO
iO
la
od-^-QO- co"
^
.^
co"
Os'os-f-^ lOCO-QO
00 t-''tooruo
to
y-^
"S
I>.TtH !N 1—1
CO
00
^ t^ 00 .^
>o>ocm3sco
s
rt
|s
T-H
CO
M
OOCQ
^
tH
CO
000s »oo ^
§§s§^ss
00
t^
Q^
TJ4 .^ 10
Tt<
IN
^ CD CO CO ^ ^
^
1-il-H-^
t-
TJH
M
r-l .-ICS
rt -HCVl
-■^
OS
a
-fee
rtrfOS OS
CO
00
1^
-< IM(N «<<Of-l
rH IN OS CO 10
t~
r^ 05 CD
■^
CO
.^ CD OS CO .1^
i-H .* W t^ lO
t~
l|5
toes w M
to
■*
of
r-. t^CO Tflt-CO
i-(CO t^^ 00
r-T r-Tcs"
CO
00
00-
^32
'-'
3^
' ' m '
_i,
1 ,' 3 « 1' i 2 3.
1 1 1 1 p^
03
i i.9o i
bis '^ '
'0
1 1-3 a 1 1 3-3
1 1 1 1 ^
3
1 ifl ^ 1 1 1^ 3
1 1 zj X ' ' ♦^ o*
ill®
! 1 ;&
s
i
1 1 03 ^ t 1 CO gj
' ' 3 . ■ o-ts
a
9 ^-a S '
03
3
1 ' 3 ^" 3 ' " S
J. o.g S^bB""
a to ° 2 1
u
3 1 ® 1 S
^"3,
m
«■«,/■ Q '
3
a rn^i 3 c n :>.
S IS 1 CO
I
3
■3
OJ is W OJ 1
nq 3 ;
-at;* S 1
« s ^ S
3
-a
p.
-a
(E
■a
■3
3
C3
■3
3
-3
o,
■3
§
. » 0-3 n-H^o) J 3
to O-O OJ Ca^ C8-;3 >>"
"-='5'-ot?23 3 2ffla
3 1 3 a -.3"-j2 o3;3 3t3
■3 J, 5 C8 S^ tTofl to «
a . 3. 1
■3 |S ;n
_ 3 3
-3 1 03 , 03
§ '-^ i^
® «tjS'3
•92-a^2
■Ob" ioP'
|a.g§2
2-3^0- a
sissi-ic
a§©|S£t
a>
T)
P cd
cog
3
3 03
.3
3
■3
Q.
•3
3
3
3^ 3 t-.y
S =^ 03 ftclTJ 1
o-oa w g g CO
1 3|'S5«^
3-S ©J3 3; w (P
-gap-,0<! f^
•25
1
"ca
1
"bi
aT
3
2 S>2 co-7^ " ® fc " 2 3 °3
'g*hf§ooi;-agi3g3
g3&'8|t5fea-ES.g.2
p-HOiSo3^'=° boS g *^
CO 3
Is
ill
a
"a
1^
M
s
joq
mnn iBueg
CO *# »o to
COCOCO CO
co
s
OSO-H C-^COT*
CO .^ T}< --li .* .^
to CO t--> 000s
STATISTICS OF INCOME
151
M Tj* lO CO t^ 00
to :o CD O O «D
C» CI rt
CO -^ CO C^ O (N
>-l (N 04 CO
i-t CO CO
U5 ■*O00'* OO
t^ <M 00"O^ O
Oi 00 CO
CO o t^ o) r* lo
CO COC<l -^
CO CO CO
CO T}< 05
lO iO t* ^ (M f^
»0 T-< CO CO C^ 00
•«*i OC^I CO ^ •<5'
coos Oi
CO ^ lO
(N CO 1-1
rf oo ^
1-H Tl< CO lO -^ C35
O -< OCC o o
■^ CO 00 c^ o r-i-
O to CO C35 CO 00
O -^ O CO ra i-H
CO 03 — ^ CO 04 CO
00— < rt lO
CO 1-1 CO
O CO-*** CO ^ — ^
CO CO C^ t^ CO c^
lo ^^ 1-t
CO C^ OS
Tt* CO CO ^J* o »o
CO lO {M CO CO (N
CO (N 05 t^O <N
o 00 eo
CO t- —I
CO t^(N Oi OS
CO CO ^
OS CO '-I
CO 00 CO
00 t- i-l
(N CO »0 00 CO OO
F-t OO t^ to CO CO
.-I — 1 (M C^ -^
lO CO r^ »-•
C^ .-1 — <cq
•^ CO CO
— I eo •*
CD OiOi ^:S* Oi 0>
CO 05 COQO 1^ — <
CO 35 >0
CO 00 00
00 O t^C^ -^ Oi
o CO or* t^ -3*
05 lO CO CO »0 ^
CO .-1 rt
s «
a «
.2 3
^■5 fe
a>
' O)
S t< o ..o< "
a « 03 to 03 M
, ' 03
a , J-
to
...9
d "
s&
>.9
2 >
.2 >^
a
4-3 05 K M''^
"a o o^
taoH 2po3
B§g.2§
"Oil
o !s
S of
0> » - ~
aa-2-g
(B tjC
wo 3 a>T-i 03
03
be
O .2.1
'S.a
fl be 03
.2 a M
3^
O 03
XI to
o S g
9 o~
d_g t:
-o C2 CO
o 3 o
am
ij I MM
2 S-9-9
S •- O 03
•-co^ d M
55^5 c3 C3
gg a.£fco
^ 3 <a S; M«
? t? o '- ° oi t. -
^ n.£=3-E; Ma
'S 2 2
® 03 "^
S --d
M ffi.03
<10
o o
£ p.
I i
Mh
CB
t--^ *
CO o ©
•aTt d
d M >
. 03d g
Q C3 wo
O
O) C3 w CO
O rT3-3
03 Sii 9
Q. (— , TO C3
rt 5 3 a..
d „_ 3 «
o H,a o 3
j3.Saa
o 03 O c9 O
§,«ca !- o
^"2
9 2
S M
3-3
- t)X3
c»S_
"3 .O'^
.."C Mi-.— a
S -3 o 3 03-3 a a „- <
3 -E? ® S c g a ... ® c
o- o&32ofe.g
few OtH«^-»)
£h &h
U
-J cq CO
»o iO to
CO tt CO
eo -* to CO t^ 00
CO CO CO CO CO CO
152
STATISTICS OF INCOME
CO y
8 *~
jeqtana iBijag
X2 ^.g s I " 2
„ (c £ a^ c* 03
^ '- S •-' tJ "js '-'
«•> s
O K (U
OSOrt CIM
IC CDt-00
Tt< IM •'J^ C^ 00
C^ O OS OOO
O CO t>- ^H CO
o *o o CO r-
0-^0<N CO
-^ CO r^ CO r-
or-iM ooo
OOOOCO 1-1
1— I Oi 'tS* 05 CO
C^ W* COCO
o-r; K
jeqinna {bu^s
05 lO CD 05 -^
OSCO (M »0 Tj*
t>-C0 05 CO CD
^ CD i-l
Tt< M r>-cD lo
O CD O5 00O5
CSOi-t 1-105
coco •-^'
t^ ir^ W3 05 !>•
i-H CDGO »0 CO
t^iocooToo
CO(N C^
CCt^ tH ,-1 O
T}< i-i I-H OS t--
orccoooi>r
05<N r^Oico
1-* Tj4 lO lO o
(N CO»-< OO OJ
0»0 OCO OS
iOO W i-t -I
t^ GO CD OS CO
-^ OSOCO lO
Cq l> rH r-l
t^ CC O OS
T-l (N 00 t^
os-^ OS t^
OtJH ■-< CO
OCOOtJ*
N ^CO '^
c^cor^(N
CD'* i-< 00
CO ''f <-! t^
C^ t^ C^ OS
i-H i-H »OCO
-* CO --t CO
COOO^O'*
<N 1-H CN C^
r-, loco ''i^
CO"-! CD'^
r-T .-T CO >-r
r}< ■* t^ QO
t^COCO'-*
00 TJ4|>.M
OS -H
CDOOC<l Tt<
CO 1— ' CO »-H
<N t-l i-«
S ?5
>-i I-H r>-
OlOi-HNCO
CD r~ t» t- 1>.
>OtOI>.00
STATISTICS OF INCOME
153
C<» CO
..^ »o «o
t^oo
OS
o
00 c»
0000 00
00 00
00
en
.-IN
M-H TJ.
^
Ort
^
CO
>f5
o
N
05 ^H
O 00
03
>oo
o
o
00
lOOO
N tt>
(N
IM
to
t^
^-
N
o
TjT
"*
oo"
lO
to
>o
Oi .-(
^ (N Tt<
00
tot^
CO
Ol
o
CO
t^
O-H
5OO0 i-t
t^
OOO
05
C<1
o
oo
Soi
NOO O
t^to
CO
<J1
lO
00
to
to 00
.-HO »0
<N
S5'2
<M
o
lO
^
^s
cqS to
"*
5*
03
(M(M
CO o
Tfl
(M
CM
to
CO
r~r
■^ 00
ON 00
(N
lO t^
~co"
^
to
CO
lO
00 c^
05 to to
CO
■^ t-»
N
rji
Oi
o
!>.
»00
CO O 03
to to
CO
o
00
■*JI
t^
TiTrt
■^ t^ (M
t^co
to
00
(M
lO
So
■O lO
03
to ^
1^
t^
t^Oi
t^ 03
CO
rt O
N
t^
CO
CO
CO
^
'"'
«"
oT
y-i .— 1
O t^ N
^
CO lO
00
to
lO
o=
00
§?5
CO-H ■*
CO
TJ*
^
N
OS
SS
O Oi
t^
coo
CO
to
1>
o
IM
"SO"
CO 03
00
oo"
00
N
=2
r-t
lO
t^
en
to
CO
NO
l-»< CO
~^
:=I5;
lO
^
to
lO
^
■Ort
1 to o
o>
t-
CO
loeo
o
00 CO
i-H
CO
o
i-H
i.-t OS
N
Orti
o>
to
to
CO
s
CO^H
!'.*< rH
OS
05N
^_,
M<
CO
to
t^
ro<M
it^ 00
o
rt ^
to
00
w
COIN
ICO 03
05
o
o>
"3
^
m
,-l<-l
I-* to
CO
N
N
CO
s
00
00
MOO
eot~ o
o
too
r^
lo
(M
^
CO
»0 (N
CO t^ r^
to
CO
CJ»
05
■^
eoo5
cs to
IM
to 00
"5
05
o
1-t
loo
C^ CO
IM
00 .*
CO
(M
t^
tH
r-i t^
o
t^co
l>
§§
too
tON —1
~io
O-l
to
00
05
05
lo
t>^
N a> CO
to
7-1 03
o
^
r^it-
too ■<)<
o
oo
00
o
t^
of 00
■O t-l
(M
•o m
o
>o
00
IM
t^
I^rJ)
u3 r^
>o
rt 05
r^
o
,1
Ttl CO
o
t>- iO
CO
.tt<
CO
(N-at
rlOJ 00
■*
05 t^
to
>o
lO
05
to
lOOl
to to
00
cSS
lO
05
.^
t^co
to CO
t^
•a<
CO
CO
to
N
i-H
00
t^
to
N
00
Tj* W
Ttl t^ -^
to
NCO
>o
^
^
00
to
ooo
CO 00 05
o
(MOO
o
o
«
CO
00 'Ji
00 o>
(M
to to
00
to
CD>0
CO ..*i
IM
o
CO
00
00
.-1
00
^
CO
-.^
o
ii
slia
I ^
;a
•ill
J^H
w g
:-a
S 1 -
5 IS
1 t?"S a ii
.S
.i£
a""
03 ..
S f^ .;
fl £ o o
*M
»>.
S^ w o
ers, investme
and investm
ty holding c
t, holding.
1
a
03
o 2
o 3
"a
o ®
1
ft
a
Building and la
note, or pawn bro
romoters, stock
1, and finance, n.e,
ance:
Banking and related indus
National banks
State and private ban
-nies.
anks
brok
kers,
reali
imen
X)
a
03
|8
3^1
o
o
o
a
i
o
d
(B
and trust compa
Joint-stock land bi
Stock and bond
investment ban]
Real estate and
Realty develop
realty trust, etc.
.a
a
$
S
o
iri
ance companies:
ife insurance— M
ther insurance—
rine, title, etc.
finance:
oan companies—
tions; mortgage,
ance agents, p
foreign exchange
i
a
S
o
>
O
a
to
a
1
"3
o
■a
o
1
o
O
2
3
a
«
S
iz;
coco
TfiO to
r^oo
CI
o
00 00
0000 00
00 00
on
o
o9
03 "-I
oo
S «
3 3
°.5 i
M O O
3S o
o S *-•
o >- -5
=^.0" ^
is 6
.a« ^
r*5 frH o
- a -^
154
STATISTICS OF INCOME
Table 15. — Returns of corporations submitting balance sheets for 1932 by major
1932, 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
Agriculture and
related industries
Mining and
quarrying
Net
income
No net
income
Net
income
No net
income
Net
iacome
Nonet
income
1
Number of returns with balance
sheets.'
Assets: 2
Cash 3
73, 291
318, 730
920
6,796
2,411
7,609
-?.
4,041,561
8, 407, 493
3, 594, 498
3, 584, 561
26, 834, 366
32,903,114
4, 706, 989
11,875,640
31,156,045
8, 777, 961
8, 332, 303
48, 795. 892
75, 650, 038
11,422,463
30, 673
32, 567
19, 836
6,112
38, 988
274, 097
32, 029
20, 126
135, 000
130, 248
15, 409
246, 839
1, 065, 797
94, 932
76, 042
151, 228
103, 449
62, 909
236, 366
1, 340, 360
106, 142
159, 737
364, 246
288, 631
76, 799
989, 672
5,074,400
455, 407
3
4
Notes and accounts receivable. .
Inventories
5
6
7
H
Investments, tax exempt *
Investments other than tax
exempt. 5
Capital assets— lands, build-
ings, equipment (less depre-
ciation).
Miscellaneous assets... ..
Total assets. _ .
9
84, 072, 582
196, 010, 341
434, 303
1, 708, 351
2, 076, 497
7, 408, 892
Liabilities: ^
Notes and accounts payable
Bonded debt and mortgages
Miscellaneous liabilities
Capital stock— preferred
Capital stock — common
Surplus and undivided profits. -
Less deficit . . .
10
11
12
13
14
15
Ifi
4, 626, 079
11, 183, 954
25, 256, 592
5, 652, 463
23, 259, 439
14, 638, 235
544, 181
15, 936, 194
36, 126, 460
53, 385, 127
13, 423, 430
55, 153, 660
31,025,511
9, 040, 041
30, 723
24, 429
75,314
4,997
216, 602
93, 686
11,449
339, 109
209, 600
125, 113
91, 090
838, 962
333, 090
228, 613
97, 607
143, 528
330, 088
157, 237
936, 241
506, 133
94, 337
669, 901
813, 369
443, 082
349, 490
4, 016, 695
1, 903, 352
786, 998
Total liabilities
17
84, 072, 582
196,010,341
434, 303
1, 708, 351
2, 076, 497
7, 408, 892
Receipts, taxable income:
Gross saless
18
20, 729, 909
7, 852, 087
1, 267, 765
525, 188
44, 721
424, 323
431, 781
145, 570
31, 660, 770
10, 983, 165
2, 150, 370
1, 287, 830
91, 572
931, 461
774, 914
399, 125
86, 422
36, 690
2,028
2,762
558
1,605
822
94
159, 298
41, 294
4,156
6,139
1,012
6,392
3,858
716
274, 923
213, 552
6,409
4,920
6,208
20,861
7,367
2,593
698, 203
338, 774
13, 509
17, 480
3,900
26, 103
13, 106
4,759
19
9,0
Gross receipts from other opera-
tions. '
Interest
21
Rents
22
23
Profit, sale of capital assets
Miscellaneous receipts .
24
25
Receipts, tax-exempt income:
Dividends from domestic cor-
porations.
Interest on tax-exempt obliga-
tions. <
Total compiled receipts '...
Statutory deductions:
Cost of goods sold
26
31,421,344
48, 279, 207
130, 981
222, 865
536, 833
1,115,832
27
15, 435, 094
550, 170
852, 165
626, 900
233, 870
1, 198, 512
82, 326
105, 548
9, 640, 022
25, 274, 132
1, 513, 538
3,054,115
1, 384, 931
1, 050, 754
2, 425, 203
159, 970
1, 432, 530
18, 191, 503
60, 586
2,737
1,930
7,928
937
13, 561
148
123
36, 422
129, 019
12,410
21, 236
12, 794
4,999
17, 659
2,102
9, 125
97, 082
176, 474
10, 598
9,923
17, 946
2,201
36, 027
44, 063
2,719
165, 084
576, 890
26,894
68,344
43, 667
9,843
128, 240
55, 227
23, 786
440, 594
28
29
Compensation of oflScers
Interest paid
30
31
Taxes paid other than income
tax.
Bad debts
32
Depreciation
33
Depletion
34
35
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.
36
28, 724, 606
54, 486, 675
124, 373
306, 427
465, 033
1, 373, 485
37
38
39
2, 696, 738
2,119,387
84, 739
282, 059
2,414,679
2, 309, 858
89, 936
" 6,207,467
" 7,381,506
6,608
5,692
970
647
5,961
10,002
359
"83,562
" 88, 135
71, 800
61, 839
8,569
7,343
64, 457
66, 397
166
" 257,653
" 275, 517
40
Income tax .
41
Compiled net profit less income tax
(37 less 40).
Cash dividends i)aid
42
1, 544, 085
52, 486
3,500
125
35, 447
1,741
43
Stock dividends paid..
For footnotes, see p. 158-159.
STATISTICS OF INCOME
155
industrial groups, showing number of returns, assets and liabilities as of Dec. SI,
deductions, net profit or deficit, statutory net income or deficit, tax, and dividends
thousands of dollars]
describing returns included, see pp. 1-5]
Industrial groups— Continued
Manufacturing
Total manufacturing
Net
income
No net
income
Food products in-
cluding beverages
Net
income
Nonet
income
Tobacco products
Net
income
No net
income
Textiles and their
products
Net
income
No net
income
Leather and its
manufactures
Net
income
No net
income
67, 807
3,405
9,580
228
2,401
11,061
455
1, 737 1
1, 216, 506
1, 992, 031
2, 048, 059
824, 769
2, 990, 172
6, 877, 543
1, 343, 181
2, 126, 702
4, 549, 366
5, 261, 899
1, 049. 224
6, 787, 044
19, 744, i
3, 212, 160
323, 174
394, 402
430, 133
134, 342
494, 016
1, 536, 452
307, 475
132, 249
383, 184
402, 239
52,306
435, 585
1, 509, 955
281, 922
159, 656
116,912
318,888
84, 286
118, 269
79, 910
127, 646
7,507
9,650
34, 063
2,373
3,168
15, 747
28,142
96, 368
156, 623
186, 001
117,883
81,672
430, 758
43, 679
210, 967
388, 772
594, 649
102, 655
260, 223
1, 574, 706
196, 807
44, 50'
67, 943
63, 018
6,042
25,629
76, 899
15, 496
31, 562
86, 253
145, 169
14, 823
41,685
133, 114
49, 907
16, 292, 262
42, 731, 203
3, 619, 994
3, 197, 441
1, 005, 567
100, 651
1,112,!
3, 328, 780
299, 534
502, 512
1, 224, 902
939, 087
1, 006, 594
1, 683, 272
6, 509, 057
5,013,114
83, 765
4, 282, 362
4, 287, 235
3, 307, 221
4, 924, 095
18, 069, 610
10, 290, 857
2, 430, 178
280, 723
303, 813
177,
568, 969
1, 347, 976
962, 940
21,515
488,
449,
187,
378,
1, 365,
588,
260,
23,785
69, 790
58, 934
116,642
416, 787
319, 718
7,438
1,811
2,266
30, 079
43, 924
18,811
3,680
101, 382
29, 900
68, 866
133, 885
425, 902
361,410
8,361
431, 175
180, 014
167, 964
570, 024
1, 610, 439
753, 158
383, 994
20, 177
3,252
16, 424
51, 096
135, 087
75,441
1,943
73, 568
22,129
30, 358
109, 754
236, 997
97, 006
67, 300
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
16, 292, 262
42, 731, 203
3, 619, 994
3, 197, 441
1, 005, 567
100, 651
1, 112, !
3, 328, 780
299, 534
502, 512
11, 383, 635
894, 144
77, 567
45, 991
5,189
136, 293
101, 122
32, 913
12, 676, 854
17, 515, 765
909, 787
196, 300
84, 922
21, 387
289, 879
109, 484
46, 120
19, 173, 644
4, 261, 618
70, 695
19, 930
7,855
694
41, 504
13, 409
6,016
4, 421, 721
2, 703, 940
59, 189
10,443
11,871
957
21,388
18,554
2,504
2, 828, 847
761, 799
196, 832
2,538
635
97
3,665
6,519
2,705
974, 791
59, 626
57
174
234
9
541
119
54
1,172,418
16, 410
3,204
2,841
913
9,477
1,454
3,887
60, 813
1, 210, 605
2, 563, 396
29, 341
10,228
10, 684
1,500
19, 135
2,723
3,906
365, 020
1,017
1,724
402
28
1,856
528
245
2,640,914 370,820
453, 479
2,228
1,640
1,763
167
4,392
430
453
464, 552
8, 121, 242
211, 391
106, 586
130, 724
86, 260
402, 466
27, 831
37, 104
2, 665, 132
13, 897, 145
512, 625
428, 408
413, 554
245, 613
1, 159, 572
86, 575
193, 845
4, 592, 793
3, 238, 290
47, 699
32,088
37, 237
19,282
102, 497
226
12, 258
713, 839
2, 100, 057
51,069
40, 518
29,871
21, 377
94, 639
529
45, 600
625, 326
550, 193
5,793
3,467
8,172
1,992
6,301
46, 607
1,947
447
1,032
713
1,335
4,107
247, 215
661
12, 974
932, 691
33, 573
5,491
8,784
8,594
33, 159
21
1,711
140, 329
2, 223, 970
89, 611
30,068
35, 512
38, 963
96, 108
93
25, 687
419, 710
293, 371
7,502
996
2,049
3,653
5,246
2
441
38,156
392, 088
15, 274
4,983
4,202
8,710
8,843
252
3,350
85, 630
11, 788, 736
21, 530, 129
4, 203, 415
3, 008, 985
827, 238
65, 718
1, 164, 353
2, 959, 721
351, 416
523, 332
888, 118
754, 084
32, 310
99,529
788, 589
826, 796
48,448
11 2, 356, 485
11 2, 512, 1
497, 320
32, 931
218, 305
198, 881
16, 395
25, 138
193, 167
211,903
6,674
II 180, 139
11 201, 197
19, 716
454!
147, 552
138,327
39
19, 052
128,501
96, 621
5
" 4, 904
" 5, 078
2,197
46, 253
40,911
2,894
5,033
41, 220
32, 411
2,639
11 318, 807
11 325, 436
26,476
879
19, 403
18, 631
653
2,398
17,005
16, 179
24
11 58, 780
" 59, 664
4,314
61684—34
156
STATISTICS OF INCOME
Table 15. — Returns of corporations submitting balance sheets for 19S2 by major
1932, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid — Continued
[Money figures in
Number of returns with balance sheets i.
Assets: ^
Cash 3 -
Notes and accounts receivable.
Inventories
Investment, tax-exempt *
Investments other than tax exempt s.
Capital assets— lands, buildings,
equipment (less depreciation).
Miscellaneous assets
Total assets.
Liabilities: '
Notes and accounts payable...
Bonded bebt and mortgages...
Miscellaneous liabilities
Capital stock — preferred.
Capital stock — common
Surplus and undivided profits.
Less deficit
Total liabilities.
Receipts, taxable income:
Gross sales ^
Gross receipts from other opera-
tions.'
Interest
Rents
Profit, sale of capital assets
Miscellaneous receipts
Receipts, tax-exempt income:
Dividends from domestic corpora-
tions.
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 _.
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
Industrial groups — Continued
Manufacturing — Continued
Rubber products
Net
income
95
17, 736
21, 661
30, 498
4,024
31, 270
74, 420
3,330
182, 939
5,993
20, 668
8,284
50, 861
39, 673
57, 887
427
182, 939
124, 079
248
1,423
138
158
127, 690
77, 510
1,583
1,406
1,961
5,377
5,838
25
30, 919
3,071
2,775
584
300
2,771
6,368
No net
income
60, 840
210, 847
101, 329
14, 279
205, 185
346, 084
92, 413
1, 030, 977
197, 676
199, 136
42, 738
186, 880
409, 827
102, 912
108, 192
1, 030, 977
482, 280
1,987
7,496
2,007
75
8,930
5,022
2,511
510, 307
351, 590
4,941
17, 584
6,828
12, 735
27, 059
60
1,265
122, 199
544, 261
" 33,954
11 41, 487
12, 937
663
Forest products
Net
income
520
24, 326
19, 624
5,758
15, 232
46, 585
8,765
128, 926
16, 425
4,626
6,208
11,618
55, 369
39, 027
4,347
128, 926
88, 842
3,447
583
289
232
1,395
503
232
95, 523
67, 435
3,799
746
1,203
1,149
3,023
330
135
11, 771
89, 590
5,933
5,198
389
656
5,276
5, 466
22
No net
income
5,627
68,464
302, 379
318, 066
38, 659
311, 989
1, 401, 698
134, 245
2, 575, 499
349, 746
248, 815
171, 598
171,417
1, 169, 501
725, 147
260, 723
2, 575, 499
698, 653
19, 908
8,407
6,481
1,896
13, 507
2,<
1,422
752, 962
614, 249
34, 398
26, 943
23, 454
18,914
44, 794
14, 585
10, 535
165, 863
953, 734
11 200, 772
11 204, 882
11,921
427
Paper, pulp and
products
Net
income
30, 111
45, 712
42, 780
19, 603
48, 413
216, 554
33, 729
436, 902
21, 947
39, 589
15,416
54, 123
179, 157
128, 368
1,698
436, 902
280, 825
2,310
1,272
450
492
3,432
677
739
290, 197
195, 703
9,148
3,139
3,342
2,003
14, 658
442
491
43, 457
272, 385
17, 812
16, 396
457
2,210
15, 603
14, 154
244
For footnotes, see pp* 158-159.
STATISTICS OF INCOME
157
industrial groupSy 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, publish-
ing and allied
industries.
Chemicals and
allied products
Stone,
glass
clay, and
products
Metal and its
products
Manufacturing
not elsewhere
classified
Net
income
No net
income
Net
income
No net
income
Net
income
Nonet
income
Net
income
No net
income
Net
income
Nonet
income
1,993
8,596
1,651
4,821
411
3,459
1,854
15, 468
915
5,278
1
65, 058
379, 535
48, 322
62, 975
429, 370
492, 795
253, 114
48, 836
189, 215
95, 187
25,028
180, 794
411, 177
252, 991
286, 918
453, 486
573, 085
139, 341
1, 399, 769
2, 129, 399
377, 215
305, 299
799, 339
773, 925
96, 525
2, 058, 775
3, 584, 125
547, 994
23, 518
37, 110
43, 945
27, 451
58, 586
135, 266
19,296
58, 293
117,678
177, 944
33, 691
111,164
1, 039, 202
88, 565
129, 665
207, 977
211,939
204. 734
222, 284
506, 869
109, 982
1, 090, 033
1, 730, 506
2,235,517
604, 474
2, 477, 385
8, 300, 718
1, 233, 961
31, 159
86, 344
79, 825
18, 331
65, 663
151,635
43. 453
60, 209
193, 980
222, 705
39. 087
258. 967
462, 768
182, 413
2
3
4
5
6
7
8
1, 731, 16&
1, 203, 229
5, 359, 213
8, 165, 981
345, 174
1, 626, 538
1, 593, 450
17,672,594
476, 410
1, 420, 128
337, 473
165. 591
65, 293
120. 019
483, 203
570, 467
10, 878
226, 500
138, 692
91,967
121; 746
477, 582
269, 533
122, 792
262, 029
252, 534
375, 267
351, 321
2, 465, 904
1, 673, 629
21,471
768, 405
909, 528
407, 634
510, 109
4, 016, 558
1,846,716
292, 970
19, 437
7,795
18,091
45, 264
132, 029
124, 010
1,453
135, 719
185, 706
88, 636
243, 794
752, 632
320,812
100, 761
107, 966
29, 362
153, 503
144, 428
673, 495
493, .330
8,635
1,264,519
1, 520, 036
1,871,569
2,111,115
6,581,735
4, 933, 461
609, 841
27, 565
12, 166
43, 221
35, 045
154, 475
206, 886
2,948
189, 297
132, 534
144, 265
200, 172
679, 854
241,331
167, 324
10
11
12
13
14
15
16
1. 731, 168
1, 203, 229
5, 359, 213
8, 165, 981
345, 174
1, 626, 538
1, 593, 450
17, 672, 594
476, 410
1, 420, 128
17
377. 212
467, 298
5,284
10, 309
547
8,705
5,003
2,669
607, 246
246, 778
3,884
7,239
933
11, 939
6,852
1,301
2, 536, 724
93, 579
25, 514
13, 557
789
20, 050
66, 888
8,549
3, 160, 401
304, 868
56, 424
13, 780
8,727
98, 463
32, 290
6,002
177,168
1,773
1,218
450
106
2,612
456
1,005
460, 618
4,348
3,801
2,148
439
7,137
1,023
1,354
937, 632
33, 839
9,718
6,805
1,021
35, 890
4,608
6,053
5. 023, 294
223, 435
68,874
20,287
5,412
83, 227
34, 438
24, 240
300,298
6,696
5,905
974
186
6,825
938
654
638, 388
8,795
6,340
4,262
557
11,842
820
1,176
18
19
20
21
22
23
24
25
877, 027
886, 173
2, 765, 649
3, 680. 954
184, 787
480, 869
1, 035, 566
5, 483, 209
322, 478
672, 178
26
225,711
28, 756
14, 295
9,208
12, 322
25, 145
89
1,987
494, 036
417, 103
58, 525
15,271
10, 858
16, 678
32, 527
73
6,047
413, 234
1, 593, 530
30, 691
33, 386
42, 170
15, 137
146,919
26,543
8,447
626, 712
2,359,711
34, 600
107, 845
114, 148
26, 476
269, 468
62, 078
26, 555
858, 623
115,459
4,661
875
1,941
2,037
10, 898
128
1,117
32, 978
347, 291
21, 930
15, 631
11,323
8,026
57, 612
1, 193
6,035
116, 581
640,611
26, 849
6,280
10, 754
11,265
35, 897
11
4,992
217, 267
4, 024, 970
146, 741
121,931
152,083
70, 255
445, 225
7,150
56, 637
1, 441, 899
190, 738
11,337
4,417
3,904
3,448
12, 885
39
1,394
68, 453
485, 376
34,110
15, 436
9,713
17,323
34, 442
58
7,760
201, 924
27
28
29
30
31
32
33
34
35
811,550
970, 316
2. 523, 534
3, 859, 504
170,093
585, 622
953, 926
6, 466, 891
296, 617
806, 141
36
65, 477
57,805
2,258
7,662
57,815
54, 171
21,201
11 84, 143
11 92, 297
242, 115
166, 678
5,447
22, 495
219, 620
272, 022
10,995
'1 178,549
11 216, 841
14, 695
13, 234
387
1.760
12, 935
15, 958
1
11 104, 753
11 107, 130
81,640
70,979
2,091
9.554
72, 086
78, 541
6,489
11 983, 682
11 1,042, 360
25. 861
24. 268
717
3,271
22, 590
23, 003
155
11 133, 963
11 135, 958
37
38
39
40
41
16, 614
593
106, 532
1,501
13, 408
103
263, 460
27, 285
8,329
792
42
43
158
STATISTICS OF INCOME
Table 15. — Returns of corporations submitting balance sheets for 1932 by major
1932, or at close of fiscal year nearest thereto, compiled receipts and statutory
paid — Continued
[Money figures in
Industrial groups— Continued
Construction
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 receipts from other operations '. .
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 8.
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
Net
income
1,910
51, 141
120, 477
24, 793
48, 212
56, 333
105, 205
46,076
452. 236
83, 695
36, 131
74, 252
19, 573
114,084
133, 240
8,739
452, 236
140, 675
287. 694
2,695
1,847
919
3,722
1,452
1,794
440, 798
113, 122
19, 064
2,959
2,407
2,261
13, 213
80
2,780
252, 368
408, 255
32, 543
29, 297
3,887
3,473
29, 070
16,416
671
No net
income
13, 472
81, 272
358, 289
113,204
66, 138
346, 514
668, 463
155, 183
1, 689, 063
364, 796
237, 906
220, 725
120, 914
536, 867
358, 518
150, 663
1, 689, 063
525, 949
351, 588
15, 266
13, 983
1,958
15, 258
16, 186
2,997
943, 185
440, 265
65, 275
28, 032
10, 409
14, 632
43, 548
419
11,133
445, 751
1, 059, 465
11 116,281
11 135, 464
23, 827
1,839
Transportation and
other public utilities
Net income
5,614
549, 045
1, 287, 482
302, 985
80, 486
3. 587, 390
20, 224, 366
1, 304, 229
Nonet
Income
11, 933
27, 335, 984
1,269,316
8, 192, 531
1, 448, 002
2, 576, 543
10, 068, 400
3, 895, 718
114,527
27, 335, 984
4, 330, 125
109, 483
76, 250
2,689
100, 846
192,417
12, 522
4, 824, 333
33,270
485, 692
296, 963
34, 948
638, 083
9,288
8,235
2,511,770
3, 918, 248
906, 084
701, 145
6,572
97, 260
808, 824
922, 531
17, 805
750, 199
1, 251, 709
410, 451
91, 229
9, 197, 391
29, 833, 809
3, 278, 075
44, 812, 864
2, 112, 573
18, 813, 680
4, 484, 537
3, 612, 341
11,535,375
5, 236, 768
982, 411
44, 812, 864
5, 284, 700
144, 987
75, 666
9,321
175, 505
212, 843
7,728
5, 910, 743
48, 374
1, 063, 833
379, 092
32, 422
493, 323
12, 941
102, 147
4, 343, 528
6, 475, 660
11 564,916
11 785, 482
377, 782
1,233
1 ExcUides returns for inactive corporations and returns with fragmentary balance sheet data.
2 See text, p. 29.
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.
« Gross sales where inventories are an income-determining factor. For cost of goods sold, see Statutory
deductions.
STATISTICS OF INCOME
159
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
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
Nonet
income
Net
income
No net
income
19, 501
99,845
5,833
28,719
22, 665
81, 476
161
1,073
1
451, 383
1,026,925
1, 028, 855
164, 999
480. 825
1, 182, 858
286,824
589.920
2,979,412
2, 339, 462
186, 728
1, 235, 705
2, 975, 477
829, 177
73, 568
135. 109
43, 637
29. 595
131.831
821, 880
137, 862
157, 286
601,444
101,814
26, 445
1, 039, 633
4, 789, 605
490,011
1, 592, 035
3,653,911
22, 808
2, 367, 053
19, 306, 525
3,073,115
1, 448, 268
7,988,524
20,992,863
127,912
6, 816, 637
28, 906, 319
11,561,085
2, 895, 629
1,169
7,763
75
427
5,936
3,688
2,378
1.873
23, 717
4,340
3,693
46, 774
36, 592
11, 889
2
3
4
5
6
7
8
4, 622, 669
11,135,882
1, 373, 482
7, 106, 239
31, 463, 714
79, 288, 969
21, 435
128, 878
g
890, 502
199, 633
265, 561
441, 796
1, 604. 437
1, 268, 381
47, 641
2, 552, 284
1, 004, 010
672. 833
1,175,905
5.015,307
1,955,721
1, 240, 178
104, 086
312, 575
113,928
133, 696
445, 410
294, 192
30, 406
878, 991
2, 695, 470
584, 447
481, 822
2, 017, 368
1, 124, 421
676, 280
921, 524
1, 335, 532
21, 941, 329
634, 519
3, 349, 198
3, 427, 341
145, 730
4, 703, 061
8, 059, 078
43, 538, 806
2, 626, 252
13, 024, 867
9, 795, 601
2, 458, 696
3,723
508
1,523
828
16, 010
6,430
7,586
33, 115
6,113
8,363
41, 522
98, 609
27, 181
86, 025
10
11
12
13
14
15
16
4, 622, 669
11, 135, 882
1, 373, 482
7, 106, 239
31, 463, 714
79, 288, 969
21, 435
128, 878
17
8, 844, 254
191,514
28, 192
25, 687
2,976
95, 175
15, 361
5,587
12, 761, 555
263, 796
63, 529
80, 394
5,051
198, 409
20, 232
6,918
18
783. 827
12, 596
64,725
1,889
14, 252
4,438
1,199
1, 749, 594
15, 775
236, 606
4,885
49, 776
12, 816
1,060
9 1,113,558
1, 028, 541
302, 950
24, 177
51, 442
108, 749
88,844
2, 039. 448
1, 696, 524
772, 486
44,000
169, 850
386, 121
328, 795
984
254
56
116
126
52
25
4,184
325
153
58
291
269
38
19
20
21
22
23
24
25
9, 208, 746
13, 399, 884
882. 926
2, 070, 512
2, 718, 260
5, 437, 224
1,614
5,318
26
6, 963, 670
141,712
33, 759
58, 351
52, 587
94, 272
449
5.813
1, 605, 608
10, 230, 812
453, 269
129, 116
119,243
219, 306
178, 180
672
48.280
2. 978, 901
27
45, 355
26, 309
20, 614
7,088
36,309
48
2,448
676, 406
98, 977
170, 349
98. 254
25, 699
182, 078
264
90, 933
1,843.257
85,904
184, 946
91, 908
47, 546
64,538
419
46, 305
11 1, 726, 525
295, 033
1, 144, 225
307, 610
497, 493
222, 260
1,770
950. 287
3, 442, 228
138
61
59
43
43
681
571
308
748
342
(.2)
2,993
7,369
28
29
30
31
32
33
20
706
34
35
8, 956, 221
14, 357, 780
814, 578
2, 509, 811
11)2,248,091
6, 860, 905
1,071
13, 013
36
252, 525
231,577
11,531
11957,895
"985,046
68, 348
62, 712
3,463
8,658
59, 690
49, 791
885
11 439, 300
11 453, 175
470, 169
272, 577
18, 387
34, 777
435, 392
248, 210
14, 473
11 1, 423, 681
11 2, 138, 598
543
465
49
57
485
245
15
11 7, 695
11 8, 001
37
38
39
30,315
40
222,211
169, 470
7,114
41
79, 748
3,217
21,018
556
504, 679
10, 815
765
30
42
43
' Gross receipts from operations where inventories are not an income-determining factor. Costs are
included in " Miscellaneous deductions."
8 Includes net profit from sale of capital assets (real estate, stocks, bonds, etc.), but not gross receipts
from these items. Excludes nonta.xable income other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in schedule L of the return.
• Includes for a limited number of returns the cost of securities purchased for customers.
'" Includes special nonexpense deductions of life insurance companies (see p. 22).
» Deficit.
" Less than $500.
160
STATISTICS OF INCOME
Table 16. — Returns of corporations submitting balance sheets for 1932 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
Total assets classes
Total
Under 50
50 to 100
Number of returns with balance sheets i
Assets: 2
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: ^
Notes and accounts payable -
Bonded debt and mortgages
Miscellaneous liabilities
Capita] stock— preferred
Capital stock— common
Surplus and undivided profits
Less deficit
Total liabilities
Receipts, taxable income:
Gross sales «
Gross receipts from other operations '
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
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
392, 021
206, 477
15,917,202
39, 563, 538
12, 372, 459
11,916,864
75, 630, 257
108, 553, 151
16, 129, 451
236, 657
934, 268
636, 316
18, 513
158, 299
1, 502, 531
383, 212
280, 082, 923
3, 869, 796
20, 562, 272
47,310,414
78, 641, 719
19, 075, 893
78, 413, 099
45, 663, 746
9, 584, 221
1, 322, 779
339, 711
349, 714
173, 562
2, 820, 291
459, 231
1, 595, 493
280, 082, 923
3, 869, 796
52, 390, 679
18, 835, 252
3,418,134
1,813,019
136, 293
1, 355, 784
1, 206, 695
544, 695
4, 870, 542
1,270,335
20, 513
84, 630
8,989
81, 746
2,901
79, 700, 552
6, 340, 345
40, 709, 225
2, 063, 708
3, 906, 279
2,011,831
1,284,624
3, 623, 715
242, 296
1, 538, 078
27, 831, 525
3, 898, 133
480, 196
54,917
51,973
103, 661
136, 703
3,628
75, 679
2, 144, 135
83,211,281
6, 949, 023
e 3, 510, 729
6 5,262,119
84, 739
282, 059
3, 792, 789
3, 853, 943
142, 422
9 608, 679
9 612, 268
7,815
4,756
« 613, 435
39, 654
2,226
58, 320
204, 143
924, 400
534, 294
34, 655
251, 616
1,826,706
377, 340
4, 153, 154
1, 066, 835
542, 768
276, 949
174, 329
2, 240, 793
572, 215
720, 735
4, 153, 154
3, 310, 680
614, 895
28, 816
81, 533
6,080
53, 229
4,355
1,093
4, 100, 682
2, 655, 336
242, 163
60, 570
47, 953
63, 122
104, 934
2,486
46, 700
1, 189, 739
4, 413, 004
8 312, 322
9 317, 770
4,948
4,637
9 316, 959
38, 168
2,084
For footnotes, see pp. 164-165.
STATISTICS OF INCOME
161
classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, or at
net profit or deficit, statutory net income or deficit, tax, and dividends paid
classes in thousands of dollars]
describing returns included see pp. 1-5]
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
59,500
28,422
17, 590
16, 705
2,442
1,947
618
1
456, 975
491, 189
654, 844
1, 927, 044
1, 004, 950
2, 493, 788
8, 447, 610
2
1, 993, 965
2, 022, 553
2, 394, 034
6, 320, 956
2, 698, 060
5, 627, 509
16, 647, 793
3
945, 437
846, 457
891, 383
1,971,713
801, 360
1, 752, 464
3, 993, 033
4
149, 634
271,073
459, 548
1,678,697
846, 404
2, 129, 374
6, 328, 966
5
850, 849
1, 262, 024
1,990,914
7, 680, 462
4, 340, 464
11,239,474
47, 856, 155
6
4, 248, 914
4, 321, 771
5,017,824
12, 658, 020
6,241,310
14, 122, 187
58, 613, 888
y
768, 496
773,015
880, 289
2, 195, 175
924, 455
2, 474, 297
7, 353, 171
8
9, 414, 271
9, 988, 082
12, 288, 837
34, 432, 068
16, 857, 003
39, 839, 094
149, 240, 618
9
1, 779, 366
1, 485, 601
1, 498, 836
3, 138, 080
1, 248, 270
2, 484, 946
6, 537, 559
10
1, 427, 307
1, 500, 487
1, 730, 025
4,511,805
2, 527, 708
6,271,382
28, 459, 222
11
1, 209, 721
1, 690, 627
2, 612, 056
8, 479, 398
4, 193, 522
10, 709, 805
49, 119, 926
12
522, 867
648, 924
896, 221
2, 765, 793
1, 362, 269
3,661,453
8, 870, 475
13
4, 228, 440
3, 872, 074
4, 322, 787
10, 807, 148
4, 894, 865
10, 657, 183
34, 569, 519
14
1,415,862
1, 684, 538
2, 167, 648
6, 484, 253
3, 258, 392
7, 005, 569
22, 616, 039
16
1, 169, 291
894, 168
938, 736
1, 754, 409
628, 025
951, 243
932, 121
16
9, 414, 271
9, 988, 082
12, 288, 837
34, 432, 068
16, 857, 003
39, 839, 094
149, 240, 618
17
5, 162, 379
4, 131, 239
3,751,417
7, 793, 388
3, 229, 470
6, 357, 024
13, 784, 540
18
999, 906
759, 800
860, 305
1, 708, 563
829, 040
2, 418, 286
9, 374, 122
19
93, 335
111,104
147, 633
443, 852
211,350
470,888
1, 890, 642
20
186, 766
179, 334
189, 197
392, 970
149, 282
212, 162
337, 145
21
11,610
9,992
9,490
25, 776
11,807
15, 847
36, 701
22
89, 405
78, 568
81, 307
178, 100
77, 947
144, 447
571, 034
23
12, 122
15, 876
28,611
125, 233
79, 507
. 185,491
752, 597
24
5,855
11, 194
19, 599
76, 252
38, 142
101,246
290, 629
25
6, 561, 376
5, 297, 107
5,087,560
10, 744, 135
4, 626, 545
9, 905, 391
27, 037, 411
26
4, 149, 137
3, 314, 557
2, 990, 154
6, 061, 645
2, 461, 469
4, 709, 277
10, 469, 517
27
328, 638
220, 789
179, 365
276, 244
77, 813
123,682
134, 817
28
145, 036
150, 761
181,251
486, 687
231, 180
512,898
2, 082, 979
29
102, 624
97,289
108,807
258, 967
113,921
257, 986
972,311
30
112,501
98, 379
97, 605
218, 449
94, 418
160,963
335, 527
3i
194, 081
173, 167
186, 784
465, 625
216, 055
533, 427
1, 612, 938
32
5,986
6,890
9,445
29,383
17,871
32, 589
134,018
33
73,289
74, 786
103, 189
293, 942
195, 875
342, 065
332, 552
34
1, 934, 094
1, 539, 082
1, 625, 500
3, 487, 335
1, 553, 094
3, 727, 394
10, 631, 153
35
7, 045, 387
5, 675, 700
5, 482, 100
11, 578, 277
4, 961, 696
10, 400, 282
26, 705, 812
36
9 484, 010
9 378, 593
9 394, 540
9 834, 142
9 335, 150
9 494, 891
331, 598
37
9 501, 987
9 405,663
9 442, 750
« 1,035, 626
9 452, 800
9 781, 627
9 711,627
38
7,055
5,895
7,137
12,516
4,450
8,335
26,588
39
10, 521
11,947
14, 585
35, 054
20, 903
47,887
131, 770
40
9 494, 531
9 390, 540
9 409, 125
9 869, 195
9 356, 054
9 542, 778
199, 828
41
83, 010
96, 451
124, 593
378, 487
228, 219
595, 363
2, 269, 998
42
4,296
5,995
5,955
14, 043
5,969
30, 973
70, 881
43
162
STATISTICS OP INCOME
Table 16. — Returns of corporations submitting balance sheets for 1932 by total assets
close of fiscal year nearest thereto, compiled receipts and statutory deductions, net
[Money figures and total assets
PART 2. RETURNS
Total assets classes— Continued
Total
Under 50
50 to 100
73, 291
33, 512
11, 726
4, 041, 561
67, 416
66, 746
8, 407, 493
177, 656
214, 748
3, 594, 498
88,040
89, 349
3, 584, 561
4,777
11,000
26, 834, 366
34,284
58, 293
32,903,114
256, 622
335, 660
4, 706, 989
57, 893
65, 723
84, 072, 582
686, 689
841, 519
4, 626, 079
152, 092
145, 591
11,183,954
35, 024
63, 866
25, 256, 592
47, 088
65, 438
5, 652, 463
23, 284
31, 404
23, 259, 439
410, 985
411,889
14, 638, 235
129, 182
173, 889
544, 181
110, 966
50, 558
84, 072, 582
686, 689
841, 519
20, 729, 909
992,037
886, 465
7, 852, 087
339, 871
209, 450
1, 267, 765
6,524
10, 462
525, 188
17, 208
19, 816
44,721
3,731
2,346
424, 323
19, HI
14, 734
431, 781
537
771
145, 570
215
353
31, 421, 344
1, 379, 234
1, 144, 397
15, 435, 094
774, 550
692, 044
550, 170
88, 139
61,244
852, 165
6,749
8,937
626, 900
9,811
9,890
233, 870
11,609
11,514
1,198,512
21,282
21, 992
82, 326
1,515
1,282
105, 548
712
770
9, 640, 022
420, 652
296, 375
28, 724, 606
1, 335, 018
1,104,048
2, 696, 738
44, 216
40, 349
2, 119, 387
43, 464
39, 224
84, 739
7,815
4,948
282, 059
4,756
4,637
2, 414, 679
39, 460
35, 712
2, 309, 858
23, 722
24,477
89, 936
672
895
Number of returns with balance sheets '
Assets: 2
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 receipts from other operations '..
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 (37 less 24 and 25)...
Net loss for prior year
Income tax --
Compiled net profit less income tax (37 less 40).
Cash dividends paid
Stock dividends paid
For footnote, see p. 164-165.,
STATISTICS OF INCOME
163
classes, showing number of returns, assets and liabilities as of Dec. 31, 1932, 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
60,000 and
over
12, 610
6,344
3,963
3,775
625
535
201
1
148, 663
163, 313
195, 481
526, 452
278, 001
623, 402
1, 972, 087
2
492, 008
491, 240
562, 856
1, 388, 945
540, 295
1, 281, 949
3, 257, 797
3
174, 503
180, 306
203, 408
501, 505
240, 941
573, 118
1, 543, 328
4
36, 844
64, 536
102, 914
399,112
243, 313
571, 246
2, 150, 819
5
193, 109
283, 596
436, 421
1, 556, 232
969, 193
2, 883, 094
20, 420, 144
6
807, 208
892, 407
1, 087, 482
3, 032, 021
1, 815, 523
4, 697, 921
19, 978, 269
7
150, 577
160, 760
182, 957
505, 664
258,877
885, 443
2, 439, 095
S
2, 002, 912
2, 236, 157
2, 771, 519
7, 909, 930
4, 346, 144
11,516,173
51, 761, 538
9
294, 984
268, 620
280, 502
640, 350
283, 193
751, 386
1,809,360
10
185, 289
209, 387
263, 452
831,910
510, 569
1, 676, 719
7, 407, 739
11
228, 055
289,511
420, 180
1,414,347
705, 891
2, 431, 197
19, 654, 885
12
96, 503
136, 242
185, 209
581, 694
325, 648
1, 048, 890
3, 223, 590
13
847, 537
822, 002
967, 303
2, 507, 213
1, 341, 474
3, 369, 894
12, 581, 144
14
428, 210
554, 607
700, 017
2,021,410
1, 194, 139
2, 288, 162
7, 148, 618
15
77, 665
44, 212
45, 144
86, 994
14, 770
50, 074
63, 797
16
2, 002, 912
2, 236, 157
2, 771, 519
7, 909, 930
4, 346, 144
11,516,173
51, 761, 538
17
1, 619, 795
1, 508, 587
1, 430, 483
3,036,911
1, 489, 702
2, 775, 920
6, 990, 009
18
377, 187
322, 189
479, 660
666, 034
415, 143
1,118,434
3,924,119
19
33, 725
32, 899
37, 205
102, 618
52, 019
130, 981
861, 329
20
44, 155
45, 055
52, 723
123, 883
48, 569
57, 134
116, 646
21
5,295
4,072
3,879
10, 104
5,937
2,600
6,757
22
26, 165
21, 213
21,615
49, 005
26, 960
42, 803
202, 718
23
2,892
3,868
7,560
29, 877
22, 063
60, 409
303, 803
24
1,383
2,542
3,843
15, 378
9,921
25, 706
86, 229
25
2, 110, 596
1, 940, 426
2, 036, 968
4, 033, 810
2, 070, 316
4, 213, 987
12, 491, 610
26
1, 273, 668
1, 176, 199
1, 095, 697
2, 258, 189
1,072,891
1, 907, 593
5, 184, 263
27
93, 298
69, 355
57, 653
79, 676
24,862
36, 434
39, 509
28
24,051
24, 789
, 29, 897
82, 226
41,041
117, 147
517, 328
29
22, 968
22, 419
26, 310
66, 432
36,233
86, 735
346, 102
30
20, 674
18, 355
17,411
32, 361
14, 614
29, 717
77, 613
31
45, 479
46, 316
50, 712
119, 474
66, 701
172, 186
654, 370
32
2,941
3,138
4,115
9,945
7,237
14, 068
38, 087
33
2,419
3,318
4,547
15, 850
10, 023
28,979
38, 930
34
536, 091
475, 813
629, 083
1, 055, 122
608, 296
1, 380, 871
4, 237, 720
35
2, 021, 588
1, 839, 702
1,915,427
3, 719, 274
1, 881, 898
3, 773, 729
11,133,923
36
89, 009
100, 723
121, 542
314, 536
188,418
440, 258
1, 357, 687
37
84, 734
94, 313
110, 139
269, 282
156, 433
354, 143
967, 656
38
7,055
5,895
7,137
12, 516
4,450
8,335
26, 588
39
10, 520
11,947
14, 585
35, 054
20, 903
47, 887
131, 770
40
78, 488
88, 777
106, 957
279, 483
167, 515
392, 370
1,225,917
41
53, 675
63, 236
79, 008
221, 228
146, 355
362, 667
1, 335, 490
42
1,922
2,749
2,358
8,741
5,211
28,577
38, 812
43
164
STATISTICS OF INCOME
Table 16. — Returns of corporations submitting balance sheets for 1932 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 with balance sheets '
Assets: '
Cash 3
Notes and accounts receivable
Inventories.- -. _
Investments, tax-exempt *
Investments other than tax-exempt '
Capital assets— lands, buildings, equipment Gess depre
elation).
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 receipts from other operations '
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
Complied net deficit (26 less 36)
Statutory net deficit (37 plus 24 and 25)
Cash dividends paid
Stock dividends paid
Total assets classes
Total
318, 730
11,875,640
31, 156, 045
8, 777, 961
8, 332, 303
48, 795, 892
75, 650, 038
11, 422, 463
196, 010, 341
15, 936, 194
36, 126, 460
53, 385, 127
13, 423, 430
55, 153, 660
31,025,511
9, 040, 041
196, 010, 341
31, 660, 770
10, 983, 165
2, 150, 370
1, 287, 830
91, 572
931, 461
774, 914
399, 125
48, 279, 207
25, 274, 132
1, 513, 538
3,054,115
1, 384, 931
1, 050, 754
2, 425, 203
159, 970
1, 432, 530
18, 191, 503
54, 486, 675
6, 207, 467
7, 381, 506
1, 544, 085
52, 486
Under 50
172, 965
169, 241
756, 611
548, 276
13, 735
124, 015
1, 245, 909
325, 319
3, 183, 107
1, 170, 688
304, 687
302, 626
150, 279
2, 409, 306
330, 049
1, 484, 527
3, 183, 107
3, 878, 505
930, 464
13, 989
67, 422
5,258
62, 635
2,364
472
4,961,111
3, 123, 583
392, 057
48, 167
42, 161
92, 052
115,421
2,113
74, 968
1, 723, 482
5, 614, 006
652, 895
655, 732
15,931
1,554
50 to 100
46, 594
137, 397
709, 652
444, 945
23, 655
193, 322
1, 491, 046
311,618
3, 311, 635
921, 243
478, 902
211,511
142, 925
1, 828, 904
398, 326
670, 176
3,311,635
2, 424, 214
405, 446
18, 354
61, 718
3,734
38, 495
3,584
740
2, 956, 285
1, 963, 292
180, 919
51, 633
38, 063
51, 608
82, 942
1,205
45, 930
893, 364
3, 308, 956
352, 671
356, 994
13, 692
1,189
1 Excludes returns for inactive corporations and returns with fragmentary balance sheet data.
» See text, p. 29.
' 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.
STATISTICS OF INCOME
165
classes, showing number of returns, assets and liabilities as of Dec. SI, 1932, or at
profit or deficit, statutory net income or deficit, tax, and dividends paid — Continued
classes in thousands of dollars]
ING NO NET INCOME
Total assets classes— Continued
100 to 250
250 to 500
500 to 1,000
1,000 to
5,000
5,000 to
10,000
10,000 to
50,000
50,000 and
over
46, 890
22, 078
13, 627
12, 930
1,817
1,412
417
6, 475, 523
1
308, 312
327, 875
459, 364
1, 400, 591
726, 949
1, 870, 386
2
1, 501, 957
1,531,313
1, 831, 178
4,932,011
2, 157, 765
4, 345, 560
13, 389, 997
3
770, 934
666, 151
687, 975
1, 470, 209
560, 419
1, 179, 346
2, 449, 705
4
112, 790
206, 538
356, 633
1, 279, 584
603, 091
1, 558, 128
4, 178, 147
5
657, 741
978, 429
1, 554, 493
6, 124, 231
3, 371, 270
8, 356, 380
27,436.011
6
3, 441, 706
3, 429, 365
3, 930, 342
9, 625, 999
4, 425, 786
9,424,266
38, 635, 619
y
617,919
612, 255
697, 332
1, 689, 512
665, 578
1, 588, 854
4, 914, 076
8
7,411,359
7, 751, 926
9, 517, 318
26, 522, 138
12, 510, 859
28, 322, 920
97, 479, 080
9
1, 484, 382
1,216,981
1, 218, 333
2, 497, 731
965, 077
1, 733, 560
4, 728, 199
10
1, 242, 018
1, 291, 100
1, 466, 573
3, 679, 895
2, 017, 139
4, 594, 663
21, 051, 483
11
981, 666
1,401,116
2, 191, 876
7, 065, 051
3, 487, 632
8, 278, 608
29, 465, 041
12
426, 365
512, 682
711,012
2, 184, 099
1, 036, 621
2, 612, 563
5, 646, 885
13
3, 380, 903
3, 050, 072
3, 355, 484
8, 299, 935
3, 553, 391
7, 287, 289
21, 988, 375
14
987, 651
1, 129, 930
1, 467, 631
4, 462, 843
2, 064. 253
4, 717, 407
15, 467, 421
15
1, 091. 626
849, 956
893, 592
1, 667, 415
613, 255
901, 169
868, 324
16
7,411,359
7, 751, 926
9,517,318
26, 522, 138
12, 510, 859
28, 322, 920
97, 479, 080
17
3, 542, 584
2, 622, 652
2, 320, 935
4, 756, 477
1, 739, 768
3, 581, 104
6, 794, 531
18
622, 719
437, 610
380, 645
1, 042, 529
413, 897
1, 299. 852
5, 450, 003
19
59, 609
78, 205
110,427
341, 234
159, 330
339, 907
1, 029, 313
20
142,611
134, 279
136, 473
269, 088
100, 713
155, 028
220, 499
21
6,315
5,920
5,611
15, 672
5,870
13, 247
29, 944
22
63, 241
57, 355
59, 693
129,095
50, 987
101, 644
368, 316
23
9,230
12, 008
21, 051
95, 356
57, 444
125, 082
448, 794
24
4,472
8, 652
15, 756
60, 874
28, 220
75, 539
204, 400
25
4, 450, 780
3, 356, 682
3, 050, 592
6, 710, 325
2, 556, 230
5, 691, 404
14, 545, 800
26
2, 875, 469
2, 138, 358
1, 894, 457
3, 803, 457
1, 388, 578
2, 801, 684
5. 285, 254
27
235, 340
151, 435
121,712
196, 568
52, 951
87,249
95, 308
28
120, 986
125, 972
151,353
404, 460
190, 139
395, 751
1, 565, 651
29
79, 657
74, 870
82, 497
192, 535
77, 688
171,251
626, 209
30
91, 827
80, 023
80, 193
186, 088
79, 804
131, 246
257, 913
31
148, 602
126, 851
136, 072
346, 151
149, 354
361. 241
958, 568
32
3,045
3,753
5,330
19, 438
10, 634
18. 521
95, 931
33
70, 870
71, 467
98, 642
278, 092
185, 852
313. 086
293, 623
34
1, 398, 004
1, 063, 268
996, 417
2, 432, 214
944, 798
2. 346. 523
6. 393. 433
35
j 5, 023, 799
3, 835, 998
3, 566, 674
7, 859, 003
3, 079, 798
6. 626. 553
15, 571, 889
36
573, 019
479, 316
516, 082
1, 148, 678
523, 568
935, 149
1, 026. 089
37
586, 721
499, 976
552, 889
1, 304, 908
609, 233
1, 135, 770
1, 679, 283
38
29, 335
33, 215
45, 586
157, 259
81, 863
232, 697
934, 508
39
2,374
3,247
3,597
5,301
758
2,396
32, 069
40
s See text, p. 29.
' Gross sales where inventories are an income-determining factor. For cost of good ssold, see statutory
deductions.
' Gross receipts from operations where inventories are not an income-determining factor. Costs are in-
cluded in "Miscellaneous deductions."
s Includes net profit from the sale of capital assets (real estate, stocks, bonds, etc.). but not gross receipts
from these items. E.\cludes nontaxable income other than interest on tax-exempt obligations and dividends
on stock of domestic corporations as reported in schedule L of the return.
« Deficit.
166
STATISTICS OF INCOME
1 S
SO
539 <»
^^
05 CO ^
U S CO
e k s
-^ "^ Si
00
b S i
2r^ «^
eg <»
I i
so §-3
-o-
Hi
ti S o <]> g
3 a
p aj O o SJ>
^SS
S"a
"3 =L2"
c3Eh 03
O '=;SP,*
fl CO
S 2
»0 Tf '(f C^ lO CO
t^ <— I t^ CO •— t CO
t-H CO "«*< CD lO Oi
O CO CD •— « ir:) cs
'— ' 00 !>■ O Tt* -H
"^ CO I>-t^C» N
CO CD UO CO •— ( lO
--i GO CO rH O CD
TP CO t^OlCXJt-
OS rr "^ Oi O 00
C^ CO I>- -— t .— < to
1— < 05 CD O 00 Oi
t^-^'cSOO 00 lO
CO COOOCDOOO
CO o; oo CI CN ir-
lO CO lO -tji CD .— I
»-H .-H (M rt <M Ol
O CO Ol (N COOO
00 »0 CM CS (N Oa
O fM COI> Tf 00
O CO 05 »0 »0 ■— <
1— t CO en --• o t^
CO 00 "^ fM 00 --l
CD 05 "0 05 iO<M
*~ coooodcT
l>- CO Tt* t^ ^H rj<
00 00 CO -^ Oi o
M .— I CO lO I— ( o
CO CD CO M lO OO"
t-i i-H 1— . CO
T*<oi as CO o (M
-^cooocor-
i-H c<i Tj< CO r* 1-H
-^ 00 t^ c^ oco
(M t^ -—«■<?< CO Oi
Oi Oi CO *0 Tt< CD
O 1— < OS CO O C<]
•* OOiOOs c^ o
o o c^ CO c; oi
C^i (M Tji Tt* CS 05
QC »0 O -^ — ^ iO
CO r^ o c^ CO t^
CN Ir^r^ lO CO o
Oi O Ol 00 (N 00
t-- -— ' C» O CO Oi
CO CD ro CO ^ en
oo ooco a> oi o
loco ci"cD cTo
OO C^ t-* ■— < t^ 00
05 0> (N ^ O O
OOO Tf -^ tP rt<
*-H (M CS .-I Tji
oo ^ o (N o oa
Oi (M ^ Tt* Tt' t^
CD CO 00 lO t^ CO
"-i 1-t CO ** U3 lO
CS lO — " CO CD OS CO
--H Tf* 03 00 -^ CO -,
o -o
° o 3 _'
CO o r^ CO CO --< o
CO OS o i>. »o c^ as
CO CO-tJ* I>.^
CDCCCDiOi-HCOOOS
ot^-— <i>.coocoas
t^COOstOCD'— <Ot~-
coascsiooocot^io
ooTfor-ot^cDTti
CDcOt-^COOOSOSTf
■-^ t^ cf i-J" CO r^ co' o
go^»or-cot-*coa)
OOCOOOiOCSC^C?
OoocoocDoac^oo
t^ O t^ I— TcD CO t~^oo
(M CS CO CO W Tfi ^ iin
Oit^OO-^iO— 't^
iMb-oOi-HCOCDOsO
"^iOCDOCOI>-COOO
CO CO 00 »d"Tjr tC-T co"
>oc^osc^aic^c^io
r^'^c^tMoooooio
lOasTfcDcot^ioo
OT lO CD CO OS~ od CT CO
'-ii-i(NC^i-iC^.-ii— I
OCD'-HCS|cDO»0^
rJ'COOOcDOt^-Tj*!^
"«j''<*^ascoioot-Hos
cocDi>r*^ coiocor-^
CO^ i-l .-iO0-^<N
■<*^OcDO-^CNt-^0
t^'^OSC.lTfiOi— ic^
t-cDt^-osio-Tpr^,— t
CO »o ^ 00 CD CO co' otT
lOtOO'— li-H'»:J<CDCO
--HCDC^coco*n»oos
coooo^-^oco
CM(NCD«?(N^iO»0
OC000'-<0i0Si-H05
OO(M00»OiC00C^
t^OO-rhCDOOCSCO
orcvTcot^aTcDoO'-H
lO-— itOCDTfCN^CO
"^COOSCDcOCSOfM
lOocioocDior^os
loc^j— itstJ'.— .coco
t— OlCO-^tMoOcD-^
Ot^t^TP'<j*o:)Ooo
^ od CO OO" CO t^ CO iV
COOOO^COCOt^OO
C<l CM (N lO <-! .-H
lo— ■oocot^h-r^t^
OO^'-HCOOOOS'— <Q0
-rjT ^" CD Ci 00 t^ 00 ^
TfCOCO'*'<*'CO^I>.
1-1 f-( T-H CO --H
't^OOOQOCOCOOI>-
Ost~>-<NiCco-^Q-H
COlOOCOrHt^OO
tC o" '*'■'*' CO 00 00 Th"
oicocDc^ouO'-^as
■^oosc^oo-— r^oo
Tt^COO-— I'MCMt^OO
t^OOOCO^rt^COCO
»Ot^C0OSiX3O0000
r^ CI r-* c^ CO 00 cs
OS C^l CO CO CO <M
lO-— <C^»0r-t40i— 1»0(.
j8°2?3
STATISTICS OF INCOME
167
CC ^ CO CO -^ ■^*' t^ t^ ^'
COI>-C^'-<COCOCOCOCO
cOiOi-tOcocOC^t-^
i (M »0 ^ O t^ 00 Oi
r* 00 M 00 o '
^(NOOCMCSOifM*
^ lO -rjT ^ O O CO CO ■-
i-H CS CO Oi <£> "^ "^
Oi-^r--oocoosc:^c^
iOC^CC1'-h(Nt:J'CD'<#CO
c^ irf Tp to t-T-^' o CO lO
-^COcO'Tt^t^'-H.— t(N(N
coocsioor-0505co
CO— 'iCOQ-^t^CSO'-'
ic jT «5" '**" cT lo -'I*' --H 00
^^ .— .-((M-^jHIMTt'OO
;O^OGOCOOt~-OSt~*
00 cT ko cT CO CO oi" (n" ^
CM CO Tj< ^ t>. '^ o
—I i-H CO
r-or^co>n;oo^t--'^
COOO'^'-'OCtMC^iOCN
CDCNI^-COCOaiCOO'— <
c<f cf TjT iQ iC cd" t>r »o cT
lO— 'GO'OcOfNCM'-H:©
coojC^CMooosaO'-''— '
lO 00 CD Tt^ oT c4" oT 00 c^"
1—1 .-Ht-lf-lTj^'-'COOO
COO-— '•O^O-^OOCDCM
C005C000Tp»OO0iO
oooi'^co"6"coarcT'30
(M CO -^ fN t^ CO 'Oi
oor^wos— '^S^oo'-H
i-H^05-^CDt^OC000
i-ICOOI>-00(NOCOt^
coic'oiooocot-^coco
i-H.-lCOCOCO'-'COOiO
i-<Oi"^iOiCCOO^iO
00C^)lM00OiO'-«00O
oT re 00 "O oT o cT oT rC
CM<N*OiO*O0000"^i>-
(Maiooocx30iaioO(M
oor^oocooo-^oo
oTi-H-^t^t-^iOCDOCO
t-i— i»oo-^r— cooooo
(MCO«Ot--t^CO00Oi-^
— 'OOOOOCO— ^ocsro
oco--*r— oo<NOOC<i
i>.iooocoa>'-<o-^CM
oT od 00 00 o i-h" 00 1> o
.-( .-H C^ -* 1-1 cs o
COOCOOO^OQCOCO'*
O0000t^0i?S00(MO
I— (^lOTt^OOiOOOO
CO O O 00 CO CO -^ 05 »o
lO-^t^iooioasoicoo
h-ior^iOoooi'-Hooo
OOCDiOOO'U^iO'^CDOO
lO'-TiOOO'-rwDCDCO'^
i-t^fNCO-^OiOO-^CO
cscoot--cor-coo5»o
cooi'-'cococ^'— 'cn-— <
i-HiOCSOlOOOOCMOi
lO lO CT TjT lO tJh' CO -'J^'' --^
1-1 nH CD .-1 CD 00
t^t^OO-^CD-^OScOOO
CCCO'— 'CO—'t^'— 'COCO
OO'^O^O'^-^'— '»o
CO c^ cT lo o t< (m" ci irf
CM— 1_ ■-tCMCMOO'^CD
— lOcOCOOOCO— <oo
CDCOCD'^-^f-'^t^OS
(>1 O" 00 00 lO ^ C^f CD oT
COCO'^'^t^OiOOiO
COrfC^OiOGOCOOli
r^OOcDOiO^O-^
i-T cs" CM CO ■^' lo of lo"
OOOOOOiCOCOtDr^
COCDCO^v-^COCOCOCO
TfiiOiCOSCD'-HaJOCM
■t-T CO t)h" i-H .-T o" oT
r-1 — I Cq 00
I— i00'*Ot--O^— 'CM
i>.r>-ot^oootMr-«o
tC-TjT 05 O O CO CD 00 cm"
COCOCOCDCOOCOOJCO
Occcor'-tocDO'OO:
COOiOOSOO(N(N^O
cT r^ t-T t:>^ c<r CD ci" CO oT
CMCMCCOOIMO— iCD»0
■-1 Tj4 CM -"^ CD
COCMiO-^COcOOO'— <
CCOiOiCO'^CM-'fCM— (
'^•^00'-<t--CMTt<'-'00
CO t-^ Ttn" CD lO --H O iC if5"
I— Ir-tTTlOt^'Ot^Ol'— <
CM--^coajCMcniOiO"^
COCOCDC^-^iCOii— "00
CMCMOOiOi— ir-ti:Doot-
»-rr-ror-<3^Q(rcD
05OC000— 'CNr^OCM
r^(--i^.-HC0OCMOr--
t—Oi— '»C'CoaicDcoo
TTO-^CO-^COt^COOO
^i— 1COC0COO51O00C
<:D05CMCOCMTfr^"^0
-rfO-^Oi-— ICM05COCM
OiTfOJi— •l-'-»0'— 'COO
coo"'-rot5"aJ"co CO cTc ,
Oi"^coiOCOr*Oi00cD
Oi-^t^i^OiCMcDcoco
ootD— '-— 'OtO":t^oc:5
t^tnt^cococoiooocM
lO CO CO --h" t -T 00 oT !< C_
OoOocor-CMr-o-^
i-( T-H CM CM 00 CO t^ CM
■^oic--OTr-^cDr^c
r^cocor^-^CMcooc-
CO'-'COO'^CDTf<OiQO
co'co -H V c5 »o cm"^" co"
»-l r-1 CO O »0 l>- »0
OOC^OOOCM^OiO
cDOO-^OI^coOi-H
OCMiOOi-^Clt^COCM
iO'*^CDCMC'fOiCM*"CMCD
—1 CM CM CO t^ O CM
t^OlCMt^OO^-^OOCM
CM-rrOcDoOt^"Orj*o
t-COOlO-— 'CDCMO'Tt^
occMi-tooc^iiocnas
CMCJiOiOiOO-^OOt^
COOiiOrt^CO-^OOOOas
00005"^COOCOCOCD
CD-'T'r^TtttO'— "COOOCO
oi"cM"r^OGO'-rto-^oo
OcCCMCOOOOOiiOCO
CM CM CO Tf CD iO tr*
--h" rH cm
■^CM— I05CD— tOOt^CM
r-OicDTt^t^CMCOOiOS
^CCOCOCD'-HCD'-i— (
OiO-^*'-Hodor»OQC'-H
Tpioicoo»ocoo:iO-^
.-I i-i CM OS ■<J^ O 05
00r-»cDCMO'— iTfO"^
a>i:^cocMtooor'-t--CM
lOCOCMiCt—'^t^-— 1-^
i-T i-T 40 lo oi" of (C — r -^
COOi— 'OCMt-^-HOiOS
<— 't---*OCOOOOt— CD
COCM-^tOOOCOCOCMcD
CrcOOroOCM'CMCOCOCO"
(CiOSt— (lOCD-rfCMOOO
CMCMCDCDCO^t-t^OO
CMCO-^00»Ot^CMO>00
CMb-OCOf^-^—iTt^CM
^^'— tOCOiOiOt>-00:
CD oT co" '-^*" CD oT 'Z' CO —T
C^Ot^COi-HCO^i-l
rt 1-t CM !>■ '^ 00 ■«**
cDOiiOCOr--Q0OCM'^
COOOOrt^t^'^'^OCM
lOOiOiu^OOiOOOSCM
OiOOOOCOiOCO-^O'
r-OOOsCMCOCDOOCDiO
1-1 CM CM CD CO rH -^
lOCOiO— »»OOt^iOO
00CMCMC0'rfC0tO''*<O
iOCMi-t-^O500-^Cni>-
CO 00 r>r tC r-T o lO CD lo'
CM -rt^ t^ CO CM t^ 00
CJJCMCOCO-^r^COCM— '
00»OiOiCi--«OOOt^CO
OOCOCMCMt^OOOCOO
COCOCDCO'OiOt^OO'-f
i-< CM CM t^ iC CO a>
»OOt^COcOOOCO-rPiO
CMCM^-J^CM'-tf^COCDCrSTjH
CMCO^OOCMCM— lOCO
t-^— ICOCOCOt-^— 'CO— «
CMCOCDcocD-tJ^iOi-icO
rH CM to
> Oi I— I CO -^ CD
Oi coco ■* t
OOCM t>-OJC _ . _
COCOr^i— fOi— iCDt^cD
OiOCOOiOi'— ("OCOCO
■-iI>-CM-rt'CT>-^-— last^
.— (.— i-^iOCOOi— lOOcO
cor-ooto-rt^co-— <CMr^
cooocMt^cocor-Oioo
CO— <cor^»ooocotocM
CM CM 00 t^ ^^ t^ O ^ cm"
■^^tOOcDOOCOCMO
.-( CM CM CD -<*H O O
CO—'^'J^OtOCMOiCOCM
f^TPOOOOOOOtoOCO
OOt^cOOlcOtOOOCMtO
00 CO r^ -*" 00 — r lo cT '^
r-cCMCDOOOOC^OOCM
T-H CM — < COOi
OOas— ^CMOC-^COiOi-H
CO— 'OOOOOCOCOt^OO
OiOOCMCOOOt^OCMO:
CO '^" O -:t^' OT »0 -^ od to
r-t — I — < to CM -^ "*
cOCOCMOCOtOOitOt^
Oi 'X) CD 00 t-^ O ^ O to
tOCOCTJCOTt^— 'COOStO
arc5"toioodocTjH'Tjri:D
1— iCMCMCMO'^f^to
00'^tO0Q■X^-tOClrP
CMCDOiCM^-^r-ffCOtO
-^lOCM'^r^COCMC^lt^
1-t f-( rH Tjf CM tO Tt*
CO-^OQOSOIOCMCOCO
'^r^CMrpcCO-COCM
Oi CO '<»H CM — 1 — I
t-O'^t^TjHt^CMOOO
OOtOi— 'COtOCOOoO— '
CO '-1 '^r t^ to CD — t
TjH-rfCMt^OOiCO^CD
OstoOi'^^COCOCO'^
C0C0C0tOO03'-<'-H
lOCM-CM-r-Ti-T
I o o
5 lO O
3 Ol to
o s ^.o a
- 1 I o o
± oooo
^ »0 .-t C^ »0 ^ lO r
ioo <-'
OO Ot-(
§°-oe
! _r I J o o
"^ oooo
,±000
' = °°o-o-
'lOrHC^tOT-HlOr-llQ
lOO '^
oo o-a
168
STATISTICS OF INCOME
c^
s
B
e
■to
-0
CD
a
e
-t^
**
u
>5
05
o
O
^ S'«
e
-w
rO^
so
os-«
>~l
s
^GO
c
ft^
OS
'T3
>-l
rO
«:
^.
ff
c
«
«■>
00
5J
S
^S"^
■»
»^
}^
e
s
w
!«
o
■w
ST-
e
•ri
S
V.
*r»
s
CJ-O
JO
"S
C-)
-a
c
»1
1
c
1~
t^
1-H
^
Ui
Oi
c
iJ
c
00
n
<
Ot3^ a
o ta
OS
! C'^
; o j
j£ 2 a -g .£; »
o«gS£^
3 >- 3-- * »
oaoi-H,-(OscocoOico
.-I ^ »0 C^Oi GO
iO-*asO(N'-HCCCJ5QO
ooGor-'CTsooO'-Hai
^C^C000^C0<NO2^
COOTfr^cDf-GO-^-<**
OOOOt^OOCOOSQC'O
COiMI^-iOCOOi^'— 'XI
o (M* oT o" csT 00 — r -^ cc"
OQ0O00CN'O3i^>O
Ot^CO'-HCMO^t^'O
,-, ^ ^ ^ f*^ ^ c^ o
c^f CO 00 o" r^ t^ c4" lo" CO
i0C^CCC0C0O»0^4i0
t^OOOOCOOOCOOTt^
05Tt^OtNi0»00iCSO
OSl^CO— tr-iG0O«Ot^
^ ^ ^ CI -H (M lO
OiOOt-^OOCCC^OOO
t^*ocoooco-^^-t^
O-^OO'^OOCMiOOCO
oooTfoor-or^co
OO-^iO'-HCOCDCDCOiM
OtJhoO-^CCOOCDCD
^-air^(Nooccoico--<
t^COC^OSCCfN-^O"*
"^t— CO-— lOCCCCC-— lO
OSiOiOOOiOi-HOOtOt^
csoicoocscoot^r--
■^■^lOOOlCDiOOOOO
.— 1 cs (M en '^ ri o
aiO'TJOi'^ooi^'-io
ici— «.-Hr--i>.oi^ooo
i>-c00005vO-^C^'— <oo
ooour^oioc^— -r^QO
COiO'-HlM'^OCCiO.-H
.-H .-» ^ lO CO 00 ^
^iO(NOCOOiCDOOOO
lOr-t-^^iOODCOrt^OiO
-^asooooiO'OOi
(N'-iCOCOCOO!MiOCO
ooi-— tcoa:Tfr^(Mc»
os-pcooic^r-'fj^c^co
OOC^COOOCOCO-*iO^
■^i:DoooooaiOTfQO
cDc^co'^ai-^oO'— 1.-^
cor^or-O'-'OoocD
r-l T-t (M CD M t^ 00
(MO'^'-^OCNCOTf^^
OCMOoO^i— '^OCO
OOsOCOTfh-t^'— '•— I
C^iMI^t^O300TP00«O
(M f-' CO 00
TjHiO^COO'^C^tNO
OOOOOSOOOOCO^O
cicocxoiot^oc^-r
r-H.-HC^cocooi'^cnt"^
^--•(NOOI^OO^COCO
loor-oi-— •co'O'— to
(MI^00O500'-t'X)CO(N
--H-^<N'-'(MTfC000O5
QOt-'^c^cc)t^Tt«a>r>-
i-i^cococoo5'«rot>-
r^iooioscooo'^'— '^
OOOCSirJCOTTCNOOt^
u:)--Hcoasooi-^co
to O O -rt* CO cs
p O O (— > (-J _- _-.
o -ro
OSOOOJOiOJOii— lu^O
OOOSiOiOCD^OSfMO
i-T i-T co" »o CD r^ i-T o CO
CNCOiOOir-t^COC^O
OOC^OOCOtNOS-— lOiO
O0000CS0000^»O05
C^C^iOOOOC^iOCOCD
I-H (M .-I Tt^ 00
OOiOOWOSi— i(NO"*
OOOCOOOOt^-rt^OS
CDOOOOCO<M(N^-CO
Csf im'cD 00 i-T '*" co'oTcd"
1-1 (N r-l Tt' OS
COC^OOCDOOC^CDCOCO
r-i— ioior^os050>»-H
cooooot-ioocnic^a>
co" CO «^ Tj^ o 00 oT ■*" t^
t^t^tOGOOiCO-^'TfCO
f-l r-H ,-1 Ttl (M t^ CO
t--COC^OiOiO0iOCOCD
00'?t*<Nai0icc>Oc0O
irD0500^CDt^O<N^
C^i-lC<lTt<--(C^00iO^
lOilNTfr^^^CDfMO
cdcoococdcdojcdo
,_(,_,^t^I>.COI>-t^tO
t>.I>-iOh-00-H05'^0
l-H ^ 1-1 Tf --H IXM
00-— •CDiOO'OC^'— <CD
t^tCOC^OOOiO^CO
CD^OC000iOC0"*O
(MGOOOOOiOOOtDcD
T-H CO ■**< -^ 00 ^ "O
^ (NCO
t—t^i-^cocot— -— tcoio
OOOfMTf-— "Tt^CO^O
r--Tt*T^iciiocococDO
t^COCOOS-^Ot^COiM
»-(C^iOtJ»iOCOO5O0CO
.-• (M CD
lOTfCOOlCO-— '-^OO
iOOOiOiOCOCOt--^CO
^ .— I O CO O Tt*
Oi.— 't^CScDC^^Oit^
Tt<C00iC<JC^'^i0'^'*
CO^fCO-^O-rfOOiOCD
1-hC^CDXCDOI'^^CO
G0rrOO0:O'^'^»O
050iCDD0O(NC0t^ai
G0aiCO00CD(N»O-*^CD
tOCDTfCOCO-^OlMOO
i-i ^ 1— I CO --I '«*^ CO
-'tiiOiOcDCOOO'^iO
-COTrt^COCq^O^OiO
Oir^t^cocsooO'Tj'r-.
oT TT c^ r-^ oT Tp CO CO ^
(NTfOCMCOO-^O'CD
oocoo•-HoO'-'c^^'*Tt^
i-HCOCOOOiOOlOOCO
-^J'OO^COO-^O'Tj^t^
CO Tf^*" Tf-" -^ H" Tf^ OT CJ" CO
r-iCSiOCDCOCDO-HCN
oooicoooot^c^r^o
ooc^csc^cscocooco
C^OOOOOOi-tiOt^COCV)
CO TjT w CD O O --h" CD*" Tt^
.-H T-H CS CO CO Ol 00
COCDO-HiOOS-rt^OOO
Oioc^-— tOi— ir^coio
oo^"o»OTr<iocoas
t-C O CO »C O 00 CO CO "O
.-)(N'MCOt-.Tj<(Nr^
Tt<rtiO'-H001»Ot
-^OOcOOOif**
I CD ?DCON'-H
SOOcDOOiCOeO'-H
o o
■oo
O vo
1-1 CM
ioo ^
OOOt-i
J^oooo
S°°oo
iro >-H *0 r-t O
STATISTICS OF INCOME
169
C^b»'-t'^C<ICOCMcDOS
COCDCMOStPi— lOOCO
Tn-*cocoioooot>-
,-t ^ r-H CO 1-1 CO
ooototot^t^r^ooo
r- tTP00^CO"^"^CMCM
Oi-HiOCMCOOOOOOl
b-CMi-ltOTjHOSCO'-HCO
l-ll-HCS,-(r-lCMi-lCD— <
OsOSCMTt*iOOOOTjHCO
r— 00'— 'OSt-Hiotooo-^
OSO-^OOOCOb-COO
CD CM '-^ Tp '^'" r^ to' od I-T
40CO'— •COO'-''— lOSO
toco-— ICD^COIOQO'-'
COt^CMr-COOSt^r-(CM
CMCOOSCMCDCOOCMt*^
OStOt^^'-'CMCOCOOO
i-li-lCMCMCMTt*rHTf*I>.
"Tf-^CO-^tOOS-— 't^CM
O'^'-ICDOSCMCO'-'as
ost^t^t^asoooo>ooo
TPi-<COCMCMOTt-'-itO
tOOSCOCOt^OOO'^C^
OOCOCOCMtoCOO'-l
Tft-.cO'— It-h.— i:DCO00
CDcOCMCOO"^OSh-CO
OOiOt^O^OT- 'OSiO
r-i,-HCMCMCM-*— iCOt^
Oto-^t-cocor-^oscD
COTt^OSOO-— "too-— lO
COtOCO'<:J*'*COCMb-^
CO-^CMtO"^-— tl^OSCO
CMW. .-iC^C-CMtPOO
CMtOOtO'-iCOiOOS'— •
t-HCO'— it^QOtOOO'^O
Tt^OOOtOCDr-Hr-<I--.CM
COCOt^rt^OSOSTt^^CM
t^I^-CMOOS^OSCDrH
^OOSOOOCOCOO-— I
CMOsOsoOt-OsO-^O
COCOCOCM^CDOSCMO
COt-OOOCOtOCDCMt'-
CM — H CM 00 'eJ* O CO
CO'-IOOOCOOSOS-H
Tt^-— i-^tocOCDh-CMOS
tOtOCMOSiOCMCDcD-^
00 Os" CM 00 OS*" CM oT O 00
CM .-I tM t-- Tji lO OS
t-CMcooqo-^ocoos
COOOCM^t^C^itOCO
t^OSOCOQOCO'-lCDOS
■rt*CMtOOSh--^COtO^
COCOtOCOCOCOCOOOO
OOSCOO-^OOQCOCO
tOOOOOt-^CJSOSCMtOOO
1— IIO»OCOCOCOCO^»0
cor^tocot^ostooscM
0'-'COO'-<COCD05^
.-(i-tCMC^<MtOC<IOOCD
r-lTt^CMCOl:^'^'-!'— 'O
t^--<^(NCO'-'OlOCO
l>.tOCOTt<CMC<IO^OS
t>.cococoosoocoooco
lOCDCMOOt^'^COOO
<Nt-<O00CD^-<**'-hiO
t^OtOtOCOCDCOOCM
OOT-iCMOOI^-OtOCMCO
CMTf'-'tOi-'iO--'CMt^
i-ti— ICOCMCOCDCMOOS
COOt^CJSCOOO^OOTjH
coosoot^co^ooooco
tocooor^'-'C^osTj^o
OSi— 'OCMtOCOOSOO-— I
.-iCMrJ*COC0t^CMOSCO
COTt^-^OSCOtOOOTpTj^
CDtOOOS'-iiOCO'^
T-H CO to to CO CM
OOOt-)
J^oooo
.o°°o-o-
'iO»-iCMtOi-tiO.-«tO
00tOt^»ONC0t*OS»O
COi-I^COiOOS00t^l>-
CM T-HOOtO t>-00
•"J^tOOOOSCMOOt^OOTfi
CDTt^C0CM00CM^i-<O
COi-< to 00 C<I i-<
CO cdrf CO
iOtOrt*tOCMCMOSTt*CO
cort^TPcooooooscoco
1:^ OS --I OS
0S000S-x*<O— ICMCMIV
cooor^CMOstot^t-^-^
■VOsoOt^Ot-rtiOSrJ*
i-H.-HCOtOtOOsCMCD'*
oo CD OS t-- CO Tt<_Tt* OS O
'^ h- --( 00 OS t>-'^~^ O OO
-rt^OSOOcCOSCMO'-"'^
.-(f-iC0t0rt<0sCMC0CD
(^■^-Tt^t^CDtOOS'— itO
OStOOsOCMOlOO'— 'to
--lOOOCOcOtO-Ht^
i-H lO 00 CD to
OOCOO^COCM-^J^COOO
OSOCDOOTt^OS-^t^OO
i-ltOOOCOt^OOOOOO'<*^
1-1 t-H ^ cot
l>-OOOOOOCOtOOCO^
r-ltO00tOCMtor^tOCM
i-tCMCDCO-^COtOtO
OOC<I CM CO
SI— it^CO-— ''Ot^00rt<
CSSiOOcDOOCOTt^O
i-HC^iOtOCDCDOOCOOO
O^WCM^OOOOOS
COC^COCMCOOSOSOO>0
Tt*CM05Tj<.-lt^Tt*-HOS
»-l COCOTt* tO'^ O — '
OS'^CMt^iOOS-«*<00
CO-^CDCOCOCOOSOOCM
CMcD-^Tf^OC^r^Os
r*CMt^ostot^coooo
coos .-I 1-1 O CO -^ 00 C*)
i-ICOCO-^OOI>'tOO'«*<
I-T rH I-T CO ^ 1-^ t^
OOOOOQQOOCM— lO
Ot^CDtOCMOtOCOCO
CMCOi-ii-iCOCOtOOStO
^ rH .-H rH OS OS —t
ascDcoot^ootocorj^
1-1 r-( CM 1-1 1-1
1— , O O to o ^^o o
l-JiOriCMtOi-itOi-itO
,-,^ CO COCO I 1 ICO
1^
r^cM r^oooor^ i i ■ oo
to CD i-H r^ 00 r^ 1 1 1 to
CO rt -<*< CO -^ CO 1 1 tOS
i
t^ CM Tt^ •<:?* CO 00 I 1 1 CD
CO 1— < ^ CO ^ CO t 1 1 oo
■*■
2,883
2,361
5,616
3,977
2,562
19. 027
""'24,' 387
-!j< N 1 Irt 1 1 1 1
1 iiO p 1 1 1
»o
2,856
2,333
5,565
3,878
2,478
18, 666
23,'849
CO
05
'778
'303
'504
370
712
7,079
8," 555
CO
1,491
1,795
3,423
1,910
2,153
10. 295
""'22,'856
Ol
125
130
324
750
1,175
6,525
""2i,"05i
1
o
CO
00O-* oo«of5 1 p In
rt(N NiO 1 1 PIO
s
898
615
975
1,584
561
2,193
"613
00
1,955
2,388
4,615
4,762
4,950
26, 982
""""54,'999
i
8
497
531
886
633
912
5,143
7,"i46
569
698
1,597
1,824
1,192
8,344
"""i9."84i
s
o
645
685
1.521
814
780
5,570
"""7."i42
CO
t^ -<}< o CO r^ CO r-p CO 1 p
CSCOCOr-l — '«, « p '
'
Under 50
50-100...
100-250
250-500.
500-1,000
1,000-5,000
5,000-10,000«...
10,000-50,0008
50,000 and over
Classes grouped
3
o
Eh
170
STATISTICS OF INCOME
55,
00 JJ
a>
•r*
►o
s
s
C3
^
«
&3
u
a.
^
?(
o
o
Os
C^
^
*>
09
>^
»
w
■>!
ij
s
s
■^~i
St,
C
d
S
e
-fj
CO
o
CO
'^
a.
«u
^i
CO
R-
'W
e
o
CO
c
»
'W
lO
«•>
•ri
^^
•^t
si
-Si
<50
so
o
Oi
-«
rO
s
}^
?
o
<
^
s
Q
u
^
s
'S'
■a
<a
i-
e
o
s
CO
■45
Cl
lU
c
c
u
s;^
s
Pl,C
^
^
Cl
-w
s
1
K
»>
W 2=
n
<
c3 .& a '3
«ta.-«
be"
g s o <i> 9
5 "i: °-°
3 d ic is „ .-
a « o o ^
c3 " p.
D,M M S O
a °
c3«g8£°^
a°S5at2
■^ r-^ lO N Oi h* cc
O-^ OS lO CO ooo
fH CO O CC i-H lO CD
i-lC<ICCCDC^
CM -^ 05 CD (N OS 00
•-H CD r^ ^ Oi ^- -^
O CO CO O CD CS CO
1-1 »-< CO lO »0 CO CO
C<J rH CD O OS CD iO
<N QO lO 00 CO (N to
O CO ■* 1— I OS t^ o
1-i r-t CO O O ^ ^
CO t^ CD Tj< CD '^ -^
lO OS OS -rt^ TfH 00 ■*
UOOOI>. t^(M *0
CD lO --h" 00 t^ C^ CD
00 00 CD CD lO OS 00
O O COO CO O Tt<
O TJH CO CD O CD CD
T-H o lo o r^ 00 CO
COi-t 1-H (N lO
lO OS (M -^ 1— i u^ O
o o t^ lo ^- r^ ■-(
00 "^ >— < CO CD OS !>.
im" co" oTio" cnos'<m"
00 00 O CO *0 I>- 00
Tt^ 00 -^ C^) 00 O CD
Tt* O --* CO CO C^l o
CD "-H CO "O tP C^l WD
th" CO CO CO t>r t^ OS
1-H CS CO i-H CO
lO "O OO 00 UO CO OS
i-H OO OO OO CD 00 CD
lO iC to O -^ !>■ OS
C^* CO O" 00 I< CO Tj^
.-( I-H CO CO Tji ^ -^
I-H O CO 00 ^ Tt< 00
OS CD (M CM 00 CO Tt<
lO -^ lO t^ f-H "^ CD
^-T'^odtCos to
CM CO lO OS t^ lO o
CM CD --• O O CO '^
.-t ■*'«^OCM
'^ IC CD CO »0 f-H O
f-i O UO CO t-^ t^ O
CO t^ O CO CD CM CM
CO CO CO CD CO CO -^
CO t^ CO I-H CO 'rt< CD
00 00 -^ OO CD CD O
-«ji CO CO CD "<*i CM OS
CMCD lOTjH'cOt^O
CM CM CO OS CM CM .-H
O TfH '^ Tt< CO ^ 00
CD CM CM ■— I CM '^ CM
■^ 00 CM -— I CM i-H O
■^ iO Os" CO Os" Os" CO
rlCO"^ CO'^
CO lO lO Tti -«*< Tf< 1-H
CM lO OS 00 t- CO lO
OS O CM OS 00 "0 CM
^^ CO ^00 CO lO CD
rH i-H CM *OrH
CM lO 00 00 CM 00 CO
00 1-- »o r^ OS ^ r^
CD OS CD t^ CO CM O
1-H CM »0 tC '-H oT ^
t-( I-H CM CM CO CD CM
J OS OS to O t* CM
COCO OS to
Q-^CM
CM CO 00 C^ Tt< t^ CO
OS CM O OS O-* CM
to CD <-H CM OS .-I CO
'<^" oo" oo' t^ CM* f-T od
CO '-H CM CM CO I> CO
O CD O —I OS OS i-H
lO 00 t-- CD r>- CM rt<
to lO 00 OS CO t-H C^
■^ 00 t^ CO CM to 00
CO <-( CM CM CO !>■ CO
to 00 CO Q OS CO OS
-— I OO to ■^ 1— I i-H Tj*
CD OS to CM 00 00 t*
CO OS CM I-H TP CM Tji
'^ 1— ' ^ to to CO -^
CO CM CO CM CM CO CM
OOt- ^ O^ OOO
CM "H t^ CO CO O t--
00 ■<*< O CO CO 1-H CM
I-H CM to rH rl -^ f-H
to OS 00 --H O O CM
to T^H CO CO OS CM O
CO OS to r- to to i-H
OS to CO to 00 to h-
CM ^ O -^ -<*< t-H CO
CO CM CO CM CM CD CM
•* OCMCOOCOOO
CM CO to Tj< 00 CD O
CM to 00 -^ CM 00 OS
CD I-H CO O OS CO CO
OS CO 00 "O to r-H CO
lO CO to T-l to OS o
CD OS 00 i-T O tC CO
OS CO CO CO t^ to o
T-H I-H rH -^ii CM
1-H ^ OS CM O CO --(
to !>• '^ OS CD 00 OS
t^ to t^ to to O 00
tC CsTtjT 00 CM* -^ CD
CM CO to 00 00
CM CD f- -^ r^ CD i-t
CD CD 00 OS CO CD O
CO Tf' CM rf- t-* to O
■-H ,-H i-H Tt< CO
Tt* -rJH OS t^ 1-H r* Tt<
CO t^ CO to r-- CM I-H
OS O CO CO 1-H I-H CO
CO --• CM t^ O to CM
-^^ CO CO '<*' to I-H CO
OS -^ CO CM O 1-H CD
O -—I CM CD CO CO O
(M CD COO O CD 00
00 CM oT CD CO O --H
OO ^ -^ CM Oi-H
1-H I-H CM CM CO O ■*
CM CO 00 CO "^ CM OS
r^ CO -^ CO r^ CM 00
to CO O O OO 1-- CD
t'- 00 CM CM CO CO CO
CM CM 00 --H to OS CM
00 l> to t^ T-H ^ to
CO to r^ 00 »-H TjT o
CMCM-*-^ CO t^l>.
r^ 00 CO CO 05 CO ■«*<
CM O O CO Tt< CM to
CO --I 00 CO CM Tt< CM
CM CD OS CM O •-H OS
--HOOGO.-HOCMOS»-H
O-^CDOSCDOOtOtO
o^-'-ioon
to rH to »H lO**^
STATISTICS OF INCOME
171
40
103
405
368
441
1,735
935
'toi
as
CO
192
445
1,058
992
909
2,804
1,250
jo"
CO
198
446
1,065
1,019
924
3,377
1,344
il
CO
o
as
12, 055
21, 460
45, 791
33, 515
26, 285
66, 109
39, 876
Ito
00
o"
CO
(N ^ I^OS-^ ^ CO 1
t^ O CO r-, •<* to lO 1
(NC<0 Mi
;S
o
11,667
20, 972
46, 297
33, 070
25, 956
63,917
39, 230
'i
1 OS
is
to
CO
421
922
4,775
6,227
2,748
16,912
8,134
1,811
3,106
7,109
6,011
6,358
11,897
8,012
IS
120
465
1,392
1,665
4,946
9,495
3,764
IS
is
3
48
106
239
429
167
1, 632
741
CM
947
1,763
3,958
2,834
2,214
3,201
2,283
1 o
3,533
6,776
18, 275
16, 800
17, 103
44, 616
29, 296
is
as
CM
737
1,333
4,154
3,403
4,152
8,250
11,626
llM
• CO
1 Tti
as
00
tcT
935
1,556
4,589
4,468
6,090
12, 466
6,342
I03
1 U3
is
00
o
to
1,613
3,310
7,603
6,829
6, 896
12, 362
8,213
i>0
;s
i§
cm"
ss^^ss^^^r i
1 1 1 1 1 1 , o C
1 1 1 1 1 I 'O -
111! ;dg§:
!§i§g8°°oc
i p.
. o
o
Eh
93
143
133
506
659
1,313
651
916
CO
-^e^'j" — — •loioto 1
O 1^ CO to GO O .-^ C35 •
^C002t~-*C»-a<C0 1
»oco i^r^t^usoT-^ar i
00 1^ O O 00 CO 05 O t
cnoCGOt^oo^o t
CO CO CD to CO ^O CM CM "
ioco"'o"t^i>rio"or-a<' 1
00
43, 184
31,881
64, 800
59, 067
48, 756
117, 559
69, 963
29, 352
to
t^„ ^3 ^ CO CO COC^ 1
OSCM COO'-IOOOt^ 1
Tj* 1— 1 CO OOCO 1
pf
42, 273
31, 505
63, 710
57, 663
47, 538
114, 293
68, 010
28, 487
■<ll
' 8, 041
' 3, 369
'598
89
2,722
3,014
31, 054
4,835
s
s
16, 665
11,491
23, 652
28, 279
32, 839
81, 102
25, 123
18, 847
to
1,622
2,115
5,326
9,464
12, 066
39, 165
15, 844
24, 263
-*
^^
en
o
510
733
1, 836
2,444
2,323
8,051
6,226
8
CM-
CM
6,660
5,187
10, 730
9,760
8,681
19, 833
8,506
4,210
s
17,397
17, 345
42, 598
62, 589
61, 882
156, 646
92, 478
61, 576
t
4,284
4,772
11,404
13,814
18, 249
40, 170
22, 386
18, 036
CO
4,969
5,026
11,870
16,733
15,188
48, 753
26, 727
16, 903
as
CO
5,962
5,636
12, 815
14, 444
15, 275
33, 832
19, 206
10, 746
00
^ -*• C^ CM C^ -^ CO -"^^ '
05 •.** I^ iO 00 t>. 1-1 1
OOCMCMrt 1
t^
R
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000...
6,000-10,000....
10,000-50,000
50,000 and over
o
1 liO
00
1 lO
CO
1 lio
to
1 1 00
o
too CO Oi 1 00 1
1 1 o
cm"
_
CO
t^OO TJ* to 1 O 1
1 105
o
1 100
C^tOt^CM 11^ 1
1 1 CO
t^I^COtO lO 1
o
1 CM 1
1 100
-^
r -.3*
•o
"T CO 003 i-a" 1
ICO
CO
ICM
,_(
00
1 1 CM 1
1 t^
o
!■*
"5
" CM
CO
icn
o"
co
1-1 ^ -^ CO '-^ •
ITJ«
1 CO
o
i*i«< tOOO lO 1
t^O OOO 1 to I
1 1^
as
I-.31
co>nT(> 00 icM 1
tas
o
p) CO 'Od ir^ 1
ICO
-"^l
T)<
CO
1 as
CO
irf
CO
Oi -^ 00 CO CM CO CM 1
,— t )
5
t.'O '
1 1 1 1 1 i" d
Qd ove
groupe
otal..
Under 60
60-100...
100-250..
250-500. .
500-1,000
1,000-5,00
5,000-10,0
10,000-50,
CJ „ &H
o"r:
61684-
172
STATISTICS OF INCOME
§T3
O CO*
8 00
?3l*<S>
s
o
^
!»
CO
O
Si,
^
a
o
o
Cl5
?^
^
5~
CO
!^
S
a
s
O
a
s
00
o
O
<»
<»•)
CO
'^
-C
«
CO
«
s.
-»^1
^1
rf
T-
w
e
O
s
5i
c
^
-W
rC^
■N»
RTl
-s;
Oi
'W
•«>
i^i
^
-«
^00
GO
1^
Oi
-«
>-H
rO
s
S~
S
c
CO 1-5: u
*-%-."»
"« CO ?~
8~ e o
e CO ^
"^ ^ ^
S :35
W 2
03.2 9"c3
0-0,2 a
'a^o
o <o
3 a'SiS -s
(3> •£'
<- i-'
a » o o
P3 "
^ a S c3
"3 i;2-s
03 fn tS
ooaogos
M THOOOi
t-^ 40 05 CO CO t^ CO
iOt^CC"<**CO00O0CO00
COCO-^OiOOOSCDiOTf
.-H 1-1 (M (M Ol CO
lOCOOOOC^OOr-jcO
t-l 1-1 <£5 r-l !£) CO
CO <N !C <0 t^ C^ t^
■^COOOOC^OO-'t^CsO
,-H .— I lO I— I "0 -— I
Tt^OOf— <C^)-*i— lOSCXI^
COiOC^OrrOOOOO
i-T*^ Oi-H CO ^oTtp »o
iO?Ot^CO«300iC^'iO
COOOOcOiOO'— 'Oi^O
(N.-lOCO'-tC^-^OJOO
c^c^coc»ooi:^oo»2r^
lOiCt—OcDTfOOCOCO
i-T i-T tjs" o r^ lo lO
COCO-^^OOO-^iMQOO
ososoocscooscoco-— '
r-KMi-tt^r-iCNCOCCCO
i-H .-H t>.(N GO t—
CMOOiCOCOr— iOGO-^
tQr-lCOr^r-liOOCDOO
i-Hi-l(MCS(M I
cq o -^ o o c
1 Tt< t^ cs en O
, OOfMC^CNCN
OtOr-i^C4(MX'TrcD
COCO'-^'cO'-^t^OO^I^
■^c^eooicOTPOs'^io
r-t TP C^ CD OS
05orjf-.oiCSTr<05iou:i
t^-OiiO-— <»OC^O5i-H00
COTt^OCOOOO(NO?5
C^" 1-H of <N lO lO ^
<— irrcO'— 'C^cococoos
r^oo-^cooocNtcost^
C^l CM (N ■* »0 (M Oi
QO^OOt^OOCO^^OOCO
r^ ic <o CO cs CO
1-H CS lO 1-H lO <-H *0
1 lO
CO
i-H l-H CDIOO t 1
1 1 o>
•^
^ 1 1
1 l(N
ta
sssf^g : ;
1 1 iO
■-I CCt>CC t^ 1 1
1 lc^f
tn
OOc»5^ — 1 1 1
1 100
CO
(N CC t^ t^ 00 ' t
1 ICO
o
CO
(N C^ 0>iOC<l 1 1
1 ICO
>o
1 iC-)
t-
O00>OIMti< r 1
1 ;s
5!
1 i(N
CO
, 1 CO
C<l
coooira w >0 1 1
t i fH
1 iCf
00
1 1 r^
o
o oioi ffiioo 1 1
rt Cq tf 00 1 1
1 lOO
1 lO
ai
1 1 CO
CO
-* CO00O1O3 1 1
1 1<M
lO
r^ -^ M t^oQ 1 1
1 I rH
CO 1 1
1 ICO
^
1 1 CO
S
CS CO t~ C-1 ■* 1 1
1 1<M
■*
1 ITj-
•o
1 ICO
,-1 r-(C^ C<I(M 1 1
1 ICO
CD
1 1 1^
s
t^ o<M05a! 1 1
1 1 t-^
00
1 lO
»o
00 CO .-' o as t 1
rt (M tOt^OO ■ 1
1 icn
CO"
1 1 CO
^
0>C^ CO t^ -^ 1 <
1 lOJ
(N
lO C^ 50.-1 05 1 i
,-l(M ■>«' >OCO 1 1
1 1 <N
IN
s
Under 50
50-100
100-250
250-500
500-1,000
1,000-5,000 «
5,000-10,000 6
d>S'
O M
o
2So
H
STATISTICS OF INCOME
173
1— >00rO-rf(MC^-^-rfOS
. . _ ■< -rf OS
co" ^^ CO 00 lo GO t-^ Tt^' oT
O lO -<**-* c" "■
O lO — ' C" -
CO i-TcD QO '^ O
1-t .-« C^ (N CS Tj*
(MGOOOcD'^lMiOtC
; CC (N to O OO O I
^ IM ,-1 r-l
rCOi-^ — cc<:CO'— O
O'^OOOOCCOiOCO
or^ootD'*o<-'Ooo
OO-— 'TfO-— "lOCDCO
o»ooocor-oiOQOcc
* o; lo lo cc '-H
<N o r^- cc cC'
CC05TP-t#Hio^^CC'-i
F-H ,-1 1-t (M ^ r-. ^
I- CO CO CC O C^-l '-H O)
lOCS'^OCS — CO-H
.-( .-I (N CD --I CC
lO O I ^
»OOt-ro-*oococCOi
"^C^— 't^OOOS'— «^o
CO CD CO -H*" CD '^*" ^ »0 CO
i-H W i-H lO CO CD '^
OCOcOt-^OOOii-HCD I Oi
r-tCNrJ-COrpr^'^COC^
DCTJQO^'T'Oi>OOGO
-■rr-^r^aiOi— "— ICO
H^cor^i-^ — cDC^cs
CDOSOCC^Tfi— iiOOiCO
Tt^coxO'^cocooiu::
^ CS C^ CD CO 'T' CO
COOSOOCO'OCOCN'-HC
lOCO'OTt'OOCO^CSlC
COr-lOOCOO'— 'I--CO'
CSr-H^GO'-'Oi^CDC
-■ '-' CO — * — ' c
^ CO C^ CO T
■< CO QO GC' '-' CO — * •
COCOO-COOCO»OtOif3
COt--00CSCOGOCNC0<N
o tj^ c^' --T 30 r^ CD c^' CO
i-HrHTTTr'^tOOC^CO^
O'^for^'^CiOcDO
lOCOC^COTt^iO-— iCOlO
i-ioi»or^--'r^QOOt^
(MiCOOSCOCOOTfO
T-Hi— ITPCO'^QO'^'^^
r-Ob-cocccsr-»oco
u:5CD00r^iO(M'>*<<N
r-i Oi >— < *0 CO C
Bl'^^
og^-oo o
g§2?^ e
-70000
igpoo
) 100 - -00
' 10 i-l CM W3 r-l I
O '— I O t-^ CD ^ OS
lO CD ^ >— < UO CO CO
^ '^ O O 10 05
O CM "^ lO r* to CO
05 00 Tt* lO o r- QO
CM Oi C^l '^ C» O
O 00 CM CO en 00 ^
05 00 lO CD CM »0 OJ
CM OS CO "O CO CO
CO CD CO ■^ OS CO t^
OS coooo— ' r^
CO Tf "T CO CM CM CM
TP OS CO 00 O 00 CO
CM CM TP t-Tt<
CM GO CM to t^ CO r>-
osi>-^^ Tf r^ 10
t^ f^ CO X "* CO t-
b- r^ GO o CO 00 CO
CM CM O -^ tC t^ OS
-^ crs" CO GO oT '^ ^
CM CM CO t^Tt*
1-1 O 00 to GO CM c£5
CO 00 to CO CO O CD
r-( to OS t^ OS I> Tf^
CO 00 »0 CO to
OS OS CO 00 t^ C-- r--
CS CO OS OS CO lO CD
OS O OS O i— • "^ OS
CO CO OS CD to CO
O '<*' CO O '^ CD O
00 Or^ t^OCM CM
O CM to CO 00 CD -^
to CM Tj- C^l O OS -^
CO CO CO to CM to -^
OS OS to CM OS b- '-H
"^ OS >— < CO I>- 00 CM
CO CM CM to CO
GC — I Ol CM T^ — OS
o OS r^ CO r^ o cjs
O b- OS OS ^ O 'Tt^
CM to CD Co' cm' oT CO
.-H CM ''^^ -H i^
CO OS O O Tf C/> --H
CD CO o b- r^ CO OS
CO CJS -^ CO CM OC •-'
i-Tb^ O GO GO*" to
--I --H to CO
CM CO CO OS 00 O CM
00 CO CO to OS CM to
CO »-< O t~* ■^ CO to
rH coco to ^ t^
CO CD O CD CD CD O
CO b- CO 00 b- CM C^I
t-- OS O '^ CD C3S 1-1
I— 1 to to OS CM »0
CDQO-^OOOGOC'jTj<r-i
R o :3
ogSogt^
TT O u^ O - I 100
■S 2 7 "? V o <= S £
IJiQOOO
r O O So _-_-.
a^\
Tt*CMTt«OGOOb-Tt<l:^
COiOCOOOOOCMCMCO^
CO CM CO OS GO "^ ■— •
rH tOCM
•-t00iOcDC0O0S'<J<O
CM-»J-00CMTfCO-^t^00
COCMt^CMOSOS-— 'OiCD
■-<CMOCC'^OSt--OS-H
-^GO-— 'OSCDCDOSOCO
cTf-T-^co -^'o t " ' "
CM ^ .-H ,— I
OOt^cOCM'tJ'COOStO
-^Ot-b-toOs-— iTj-cD
OS-^CMOOt^OSOStOr-t
CO Os" TfJ' ^ OS O CO t^ to
i-Hr-tTjH-^J^TPCOCDCO-*
'-HCMOCMt^'^CDCOt^
1-H CO ^i
I '^^^ GO 1— '
CM'^"
b-CO— ''00— icOCMtTCO
OO—'OOSb-CJsOCTSt^
CD>— lOOOOb-OSCOOOOS
CO* OS* C'f o* CO r^ cm' r-' to"
I— lr-(Tt^Tf*Tf»OC0»0'— <
O CD CD O OS CM CO OS to , _
OS CO t^ 00 CO OS C7S GO O ' tO
lOOOOOCMOOOOCDCMC^
co'' cooo '-^"cM CO cd'os"
^ CM tOCM OS CO
C^l-^C-IOOtO'— «'— it>-'— 1
'-H-^OOtoOS'— «oco
ososcor^oooosco-^
oTos'CM'-rtDcO'-HCM'cO
C^J CM CM CM CD CM CM
CMC^OtOOOO-^tcoO
OOtOI-OSCO— «tOiOO
cDOOStOOS'^CDOco
f-iiOiOt--00Oi— 'OS
COCDCOCDOOt-^COCM
O^HTjHiOTfTj-GOtOTTi
Tf— iCOtO^J'CDCMCDtO
i-T CO Tp't-T 00 oT I "
CO CM CO TJ< OS
oscocoos— 'r-coci-— <
OOSTf'^tOO'— 'CDCO
OOO'^'-^^CMOOSCDtj*
-<a^ -** cs" b-T cT CO t>^ o CO
CO CM to
00 t-- CO C^J » '00 O GO OS
tOt^COOtO-^CD--'r-H
lOCMOSh-OCOCOCOCO
cm" C£? CD oT O O 00 CO CO
CO i-H to r*
t^GOCDi— "GO-^GOOO
'<s*osCMor^'-icoc<icn
osco"^r^tOTj*iocoi— <
■^'" t-^ --T Tf •-<" CO CO CO cm'
CM CM '<*^ OS OS OS X
COOSXCD'— (OCMiOi-H
t^OSOSiO'^CDCO'^t-^
COOrHXTt^f-*— lOSX
cm CO GO I^ O 00 to CO otf
1-1 CO ■-< Tt^ CM
CMt'-O'^OSCOCDCO"^
OXCMb-CMt— tOtO^H
CDCO'^tot^COt-CDtO
COCOOSXOCOrt^'^X
I— I CO »-t '.J' to
I— COOSXOS— (•—I— (C
CDCMXCOOtOCMCO
to CM CM <-H r
0-0 10 s
■< CM to ^* to .-. 10
174
STATISTICS OF INCOME
g 5*
w «*•
-i
w «
«o „
^^
e CO
-* s
CO W
i^ !^
CIS "42
Qi ^ pJ^
^^-
CO o
Jog
,o ©} "sj
!~. S "3
s~ c o
I S 5)1
I. «fe
. aj
(B.r
3 0^0
r^ o o
ai-a
a no)
O <D .
r-1 (-1 »-
OS)
2'S o S 9
b-g-? 2^'g
OX) 03 a a
o»2S
Eh m°'S
+J ^J X3.EO
Co ^ fl^ L- rt
Q q a g oj =3
a°25a|
3 is 3 T* 03 S
798
1,033
2,569
3,503
4,188
8,439
14, 022
100
c <0
to
1.349
1,153
3,649
4,522
6,360
12, 198
13, 812
100
1 •*
s
00
1,373
1,191
3,669
4,710
7,137
13, 012
15, 199
is
1 oT
to
31, 284
26, 049
6Q,810
68, 093
80, 808
137, 934
115, 025
■ o
1 CO
§
00
7,775
7,310
18, 296
29, 100
33, 481
61, 214
69, 811
ICO
lo
1 <N
(N
CO
22, 856
18, 298
40, 962
37, 795
45, Oil
71, 589
51,816
1 t^
1 en
iOO
loo
100
<N
CO
2,443
6,170
18, 250
25, 451
33, 389
80, 600
89, 258
lO
1 CO
C35
00
9,772
10, 361
24,037
26, 461
31, 249
64, 672
38, 325
1 r^
. CM
1 CO
ig§
1 IN
8
<N
476
1,128
1,966
5,514
8,967
19, 372
11, 944
IS
ICO
ig
OS
O
o
713
660
2,219
3,988
7,800
15, 105
19, 830
1 CO
1 00
1 (N
1 lO
C3i
s
3,596
2,487
6,267
6,847
8,296
16, 572
6,070
. 00
IS?
IS
S5
18, 578
20, 914
54, 612
71, 705
95, 267
196, 665
175, 920
1 r^
1 o
1 tc
1
CO
7,245
7,239
18, 196
24, 902
35,604
59, 093
71, 770
IS
1 1^
(N
1,169
1,359
3,585
4,280
6,249
10, 663
6,625
IS
is
CO
6,689
6,684
16, 589
16,916
20, 404
48, 908
28, 253
i «
1 >o
1 o
1 o
ICO
§
-*1
C005lOOC0O'NrH,„ 1
OS
Under 50
50-100
100-250
250-500-.
500-1,000
1,000-5,000-
5,000-10,000
10,000-50,000 6
o
lOf--tOh*OSC0C0CO
too-^oocor— r>-o
iOtOCOOCM-<t<CMOO
tH .-f CO I-H t-
t-— iCMCOOOOStoCM
TflOOCM^CMi-HCO
os-^i^t-tocotoi— t
QOO'-<r--os-^Tt<to
r-i-<^CO--<tOCMOSOS
OsiOCMQOto-^Th-^
OOCOtOCO— iiOtot^
00 c5" --r oT oT c^" CO o
CDOOOsOt-tOOOO
ootoi— ito— HTt"roco
'-icoooooot-r-'— I
^CO'cDtOoT'-rodcD
'^OS'-IOSXOO'^'-H
OOOSOO-^— t-^COi— I
COtO'OO— <20tOCDQ0
COCOt^-^COOSOOM
iC lo — r o" t-' TfH* r-n'rC
e^^CMCMCMCDCOCO
i-HtOCDt^.-HCMOSto
S^ CM 00 00 to —I CM
CO O to 00 lO 1-1 t-
tO CD CM CM 00 00 -^ oT
•— it-OSt^tOO'— ICO
tO—li— (OO'^'— itOOO
OSCDCDOOr-O"^
co'^^'-Htot^r-co
lo cm" i>r to oT r-T to oT
CM^ 1-1 rH CO CM CO
1-HOOCMOOCOOCOCO
OOOOtOOCMrOCMt-*
I>-00CS'^O'00 0S.-H
to" CT to 00 to CM CO -^
t-*iOCOTt<'^00C^00
'-HCococor-'^-^CM
t^^— «r^Tt*'^r— 00
coocMio-^j^cor-os
■^ to os" o —T --7 oT oT
< -H to TJH t-
CO ^ 00 OS OS CO c
0.-HTI4-*J<00-^OS
I-H .-H ^ CO — 1 -^
t^iOO^OCMCMrH
■^OOO-^TtfCOCOCM
OS.— I.— lOSCMOOO
to CM X Os" to to CM 00
COCMCM^-tCMCOi—t-^
QOiO'^iOOCOOStO
i-i^-co'^CMtor^o
OtOiOiOOOt-to-^
t^ t^ CM to CO C^f ^" cm"
oooco'-iCMr^oco
I-H t-l r-1 ^ CM -H CM
i0'-)i0C?lC0CMCMO
i-<COtOOOCMOCOO
COCOOOCDCOOO'^'-I
00 ■rh .-T CO r^ OS CD cT
Tt<cOtOT}l-^OSCMtO
r-tocococo— itooo
■^COCv^COCMCMCOCO
lOtOCOCOCOCMCOOS
00 00-^ --H o
•^ r~^ (Z> ^ >^ r~1
I-H r-H rHCM i-H
CMr-toosocMco-^
OsOSOOOOOOQOO
OS^^^t^t^CMCM
o" cm" c? TjT TtJ' CO to CO
COCMcOCMCMtOrHCO
CDCDCMCDOOOStO'"*^
O-^CDCOt-^COr-ti-H
00 CM 00 CO -H .-H
; ioo ^
;8Sls-«
' o o o lo ;
o"p ca
o o
rH N 10 r-l "5 1-1 >0
STATISTICS OF INCOME
175
cT cc ^ "^ ic oT t-T
•-H ^" TjT lo" od" o' cT t^" 00
C^(£)^Q0iCCSO<NQ0
•-Hr-.CNOOOiOO^COCO
i-(.-»Tt<tCOOC^— '--HiO
os<ocx)•~l^^'*osc^oCl
'-<C^<Ot-*OiC«CDCO00
J (N (N "O CD ic u: re
CO M O '^ 1^ C* CI
i-i' c^ c^f o" 'I'*" t-' oT
CI^-H^DOCS'XtCO
Oico»oxroO'-t'-<o
i-HTj«c^a)CO<NCDOOiO
4O"^i:Dr^t^(XC»0000
COCCOCOCDCDI^^
■-< W CO — I t^ oo o
ccc^GOcorccsco-^rti
X'-HiOCi^lCO'^tC'-"
l>.CiCSt^'^iOCOCOCC
c^ cs CO cs CO *o a>
^ CO r-
Tji Ol to -— I ^^ I^ CO «■
w ;o *o ro "C Tp tc I-- iC
CO ■^ I'- -^ •
ooc^r-'^i^rococccs
oGO»ocoro'X;c^ Tf«i-»
C^iOO»OW— 'COCiCO
i-T i-T ci" 00 o TjJ" rC
lOtoror-— 'Tf^Ol>-^-
o;c^*-ccococ^'— tOco
WCOO^OC^OlCOiO
t^ TP -^ O »0 0»
- - iO cs
coo
coo
O CO 00 30 O -— . 00
C^ CO O CC 00 00 to
f-H 1^ O CM CS O O
^ r-. u-^ O Oi "^ — ' ^
COOOiC'J C^iCCOOiO
O000-^'*'00»C(MCNCO
COO>*CO'-<"0'^-HOO
W^iOOlOOOOlt-^'-H
1-1 .-H CM O t^ OO Oi
'^oo«^ootoc*»'^«';o
00'©M<©O00Xt-00
OCI^fcjCDOlC^COO'V
t-lWt^OOCM'^tCCOCD
-ITT roo "O
M*r^csos'*^i^oocM
^OCMCMOTh^-ccxi
O"^^rri0t0*00CC0
i tc lO t^ r- lO CO 00 r»
<-l r-l CM X -^ CO O
Oicoicroor^oO'^
•^'<J'^t-^'^*OCOCO'-H
o
o
- 1 §
w
o
12;
o
o
w
■ X CO Oi I r-1
oo <^ -p
>-i oo oo ^^oo
iOTt<00'^<0-^t^CMW
osxost^.— 'r-^CM»o
rH.-ICOOCO'^iO'-H'C'
,-( lO 1-H '^ CM
0»0:o»OCO'-tiOOi'— t
OOSOsCMiOOlOC^JOl
CIXt^.-Ht^XX"tit^
X '^O X X O "
ooco05iocD^ait-o
»-HOOOO»OC5cO'00
oo-^oxx^^t;rj^
Tt<i>-or^t<Oixi'-x
i-Ht^r>--^05"0OCMu:)
CO'^J'COCO'OOiOOit^
0iOXO»0;-;C0l>CM
t-XOiOCOCDOCMOQ
C^I--COX'tOCMC0OlCM
t>-COC^ ■^OOil'-X"^
.-I i-i (M CD lO lO
i-( CM »0
oicoc^coxcor^— 'CO
t^XCO^^'-Hl^t^'^
o^oxxojioxosr-
XOT'OXCSCOCOCM'^
T}iCOXCDXOOI--»p
■^CMxa;CMcoO'~<cD
CMCMr-oxcor-^co"'*'
CDOSXCDtJ'OSCDO^O
O^-C^C0C5iOt>-XC5
cDxoxor-cS'— '^
O^CDOiOJCOXCO'^
CM-^XCO'-iO^'— '-^
00'*OX05'Or~*CDCD
CQCOr^^OCDUO—t'Oi-H
i-H rH CO -H
XCDCDCOiOXCMCO^O
i-HOlX'^COXXCDCD
^ CD O C** Oi CD I- t-- -^
r- ( r-i .-n lO CS O CD
cooioaix»oxx'^
COXXCD— <t^.-iC^X
CSOCM'<:}<»-HI>-00'*
CMCOCDCDOSCOOtOO
^ Oi CD c: r- CD CM c
Oi CD C^ lO O lO X :
iio CD CM ^ c a:^ CO -
CDCMCDOJOCO'OrOO
i-l.-iClrHC4»CCMOOi
O-^^XCMr-H^r-^CM
OCDt^»OCO»CCOt^CD
lOOS'^'^OX-V'OCD
'^X»OaiCM<:DT}HXiO
Tt*'«j^^0-^*0*OOX
nH .-(,-( CO CM t^ CO
CMOCMOiXCOCD^CO
CM^"VCOCMXCD— *CM
TTCMOCOCDO'^COCO
FHr-ITtf-^lO-^COX-^
o^t^aiiC'^r--c-»CM
COClOiCDCDiOi-HCDai
r^iO'^coxr^X'^CM
rt 1-1 1-i -^ CM l^ CD
lOOopcDior^xosO)
t-^COCMCMCOOt-HCOX
■**'cor^iO'^cO'-<r-»o
O-H-fcooo-^xro
r-n-HCMCMCOCD-^OiO
r-.t^r^X»orocDCMO
c^xCMi-ior^cocor-«
CO cot- CO CM ^
5i
O "O o .
ii
40 <-• iO rH lO
c^ c^ o en oi 00 >o 1
I-*
CO
.-•COC^ Ot^OO 1
!■*
OJ
100
'^
CO t^ O -^ OQ CO »o 1
I^ I- 00 (^ ?S 00 O c
ICO
rt C^ 00 "OC^O -O 1
r-i ro-"-! 1
,>o
CO
1 CD
rt C^ C6 O m CO 05 1
" TT
CO
■^
lO
Tj< r-» CO CS O 00 «0 i
1 -^
■ -^
1^
■ CO
^ o> C-) CO '»> ■* N i
«o
C-l
(NOOICO TT OO 1
'CO
o
1 Tjl
^
rM .-1 OS CO >0 CM CO 1
CM
•^
;S
I^
l-~ CO lO 03 -^ »o oo •
1 C-J
■^
rt —1 rt C^CO ■
iOO
05
lOO
ICO
^ CO CO -T t^ »0 CO 1
CO
. lO
*o
C^ f-t »0 IC »C »0 CD 1
CO 00 OO "O to (31 CO 1
Ol
■*
■ CO
OS
Q> t^ O CO CO 00 CO '
■ ■<»<
CO
'£2
o
coooooeocow „,
■<»<
• -a
■« <u
i i 11 i jjg
s
Tnder 50
0-100...
00-250.-
50-500..
00-1.000
,000-5,0C
,000-10,C
0,000-50
g
o
?i
H
io
t h^ »o »-1 C^ *0 ^ »0 ^ u
176
STATISTICS OF INCOME
CO 55,
Co" S
Q CO*
Pi, ^ ©
Si «
e-" 2
<5 !ii O
5s>,
^ CO ^
o ts =g
.r'e
CO V^ ^
!^ g c
*•--> u •«.
,.- 'ii *^
s~- e o
S 00 <»
fs e
t^42 t:
oi3^ n
^ " fl w
CQ o §-0
s o o
o a g
T3-
o <u
O 1-c
a
o o O
n «i a.2
O 03
3 PS ft X)
H « a O M
"3 i -2
03H C3
3 M *.2
as
1 - 1.^
ri ^ ^ ~
tC O) S fe
1— I •-* Oi QO t>- <— I C
C> 05 CO r^ C^ Tjl c
I— ( Tt" OS OS O 05 00
»C O CO CO CS t>- lO
iO O OS !>■ CO O CS
"^ CO >— ( o lO r-- "^
CD ^ C^l O 00 iM »0
00 O 00 C^ 00 1— I b*
CO CO O O OS csi o.
I>- CO CO Tt* o o o
^'' gT i-T -(i^' o CO oT
Oi>I Ot^Tj*OC0
(N OS CO 1— I 1— I C4 Tt<
10 C^ tP C^ -^ CO .-I
OS t^ r^ 00 o Q ":i
CO o CO o coo i-i
00 CO OS OS iO CO t^
CT OS OS (M~ 00 00 t^
M r-1 CO -^ CO 00 (N
CO iO O i-H CO r-H O
t-^ (M ^ OS CD OS -^
CO CO GO 00 CO 00 00
OS "0 CO r^
CD OS OS r- lO >— < CO
CD O to 00 Cv» O !M
10 t^ t^ --< t^ t-* CO
cq cs lO CO o lO t*
CD CO OS CO t^ "* O
10 Tp CD •—< Tfi CD Tf
<N OS Tji CS 00 CD 10
.-T r-T 00" co" 10" csf ^
":> '^ OS r^ 00 01 <M
o r^ <N t^ Tf 10 10
CO 00 (N O (M 00 O
C^ CO 00 O -H OS (M
CO CO OS CO CD Tt* t^
10 T-H 00 O 00 O OS
(M ^ 1^ 40 O t^ 00
O Os" oT t^-T rjT 00 o
T-( rl t-H .-I C^l ^
l-^ CD -^ t^ O ^ CO
Tf o 00 1— I CO r^ OS
CD 00 00 -—I -^ CO ^
^-T CO cT CD o" OS co"
CO ■<}* O ^ C^ CD t^
^ ^ O iO(M (NCO
Tt* c^ r^ Tt* ^ (M --<
Tt* OS r^ Tj* c^i CD "-H
■^ c*f CO r>^ 00" .-T -^
1-4 N *0 CO CO CO --«
I »ocococ^c
I C^l t^ CO OS
_ . _ _ JCOOJCO -H
O *0 t-* r-l O Cq --t
CO tC TjT rC <o o CO
CO CO OS lO OS •— I to
<N O to 00 CD Tt* r^
to O CD 00 00 00 CS
t-» 00 »0 Tt* Tt* to CD
r-l r-H r-1 CO <-H
T^r-^coosTt*— tioio-
00OTt*CNt^t>.C^f:N„
Tt*CDCOC0'-<.-< **
/— , ,— s ■— ' -o to (-
5Q^o'^"77cio
t— 'tOr-iCStOi— itOi— itOW
-OS
^^i
COCDOSTj<'<**OJOSI>.tO
QOtOGOTj<OSt>-iOOOtO
COCOCDOO^-MTril>-CD
r-i M CO OS 00 o o
OCOOOOTt*Tt*OSt^Tt*
OOC^Tt*tOt-OO^COcD
00C^0000CO<NOS(NCO
'-HCSCO'^OcOcDTt*
Tt*OOSTt*OOOSOSOOO
Q0Tt*'-HTt<COTt*00tOOS
00CS0SO"0tOI>-00t^
•-lC^Tt<T}*,— it^Ot^
I^OSI>-Tj*COOSt^Tt*CD
OOOCOCOCS-<**OSOO<-H
osoosr-OMoooooo
{NOsr^csio»-HO^oo
CSIC^iO000000I>-CDTt<
^ ,-ico
COTt*COCOOSOOCOCS|^
*-! — i^ .-I C^ COtM
COOCOcOr-tiO-^tOTj*
t--C0tOtOtOTt*t-»iOOS
Tj*r-.C^OOCOtOi-iTj<cO
<-<oQ»oosir^cot^os»o
csc5tor^t^i>.<ocoos
osioor^Tj<r^(:DTt*to
Tt*.-(COCOCO'-tCqiMt-^
Tj*(NO>-iOS(MOTt*^
* C^ CO OS 10 t-^ 00
O tc 00 o
o-— <r>.io
CDiOCOTt»OtOTt*WCN
o-— <r>.iotococotoco
00OiOTt*OT}<O00^
i-lCSCOTj<00Tt*Tt*00
COTt*COC^^Ot^WTj*
t^ c^ to (M t^ Os'O r^ -—I
COCS^OSOOTt*--^tot^
1-1 CO CO CD CO C^ '
(N (M (N to
tO^tOTt*C0Tt*C0C^C0
cooot^cO'-'Otor^cD
Tt*OSiOOOOTf*tOC^
--H CS" CS t^' CO*" '-*'"
T**OS0000100'*^OS
OOt^CscoOS't'OSCDTt*
iO»0.— ir-<CDC^0O'— iTt*
COCOt^OSt^-— 'COTt*Tt*
toco-— (osoooto^r^
CO Tt* 00 CO ^ i-t CO OS OS
CDOOt^OO*^'-*tO'-HO
Tt*.-HtO'— ICOCO'-HCOtO
i-HC^tOOOoiCOCOOtO
(N —ICO CO
Tt*toO'-tcD(MO00Tt*
OSt-^OtO(>it^!M'-H-H
QSC-IOtN^rHCO-^CO
Tt*t^OSCDCOCOTt*(NCO
•-» CN CO t>- Tt* t^ O?
CDOOtOI>-tOOCOCOCS
ost^c^.— lCOCOCOtOI>.
I— OTjit-or-tocO(>»
CS|Tf*OTr00OcDTt*O
i-H rt I— I Tt* i-i CO r^
Tt<OsOOStOC^COt^CS
Tj*Tj<cOtOO<NC^I^CO
OSOOfNOOfMOOO'^'M
Tj*C0CD(NC^tO^iOCS|
<— ' CS CS to CO to cs
(MCOCO^"OC^OOtOtO
OsOTfCOCO.'-H'-if-i
CD CO CO C^ 1-1 <-H
00 o
,OOOt3
ooSS2?«
»oo ^ I I A o
<iiigg°°
o>oo - .00
F-I C^ >0 «-! »0 ^ »0
STATISTICS OF INCOME
177
OOCO*Ot>.CMCOCO^Tj< I O
OI^CMOSCMCOOSCDtt —
^CO'^-^COCM'^COCO
CM CM TP OS —« 00 '^
r-( r-1 ■^ t^
r-HiOi— lOSOOt^CMr-O
OOCMOOt-COOSrj'TPIV.
.— iCOCOCOi-tCMOOOCM
COCM^^COOSt^CMCM
uOOOOCMtJI^CD'^OS
COTjiCOCDOSCMt^CMOO
1— iCMOSCOt--'->«^i-.t-i
CMCO--<u::ioooO'-^coos
coCMto^ciooor^'-'oo
I— iCDt^iOi— "OSOSCOOS
OSOOCMCDO'-Hi— 'O'^
OOOCMi-iTlHi-HOOSCO
OSiOOOO^'^^00
CMOCOCMCDOOCDCOtP
i-Hi-iCMCMCMt^COOS-*
COCMt^OOOSCDOSOOCO
OsCMOSi— '-^COTTt^OS
COCOCDi-iCMOOCM'ttit^
V CM cm" Co" cm' CD* ■^'" CM* -5'"
OSCMOOSOOOOCDiOr-
cocDOcocoior^o^
oor^coOiOi-Ht-i-^r^
CMr-HCMiO^OCMOSCD
C^JOCJi-iUDiCTft^CO
i-ii-tCMCMCMt^COOOi-i
CMr^oi^-^^oos"-
r*OOCDOS»OCDO'"
r^co-^j^cMioor^t
1-4 CO CM CD O
OOOOTfCMOOOOCMCM
OiOSOO'-'^CMCDOS^
CM'OOOCM'^t^COCMOS
OOOCMCMX-^COI^CO
T-Hi-(iOCO00COCOCMiO
.-(i-iCMCMCMOSTfCMOS
CDOSCMCOwiOiOt^CD
OO'OCOOO'— lOtOCMtO
OSOsCMOOOOCCOSi-H^
OOiOiCOOO'— 't-^OS
i-Hi— l-^tQCJSOSCOCDCD
GOir^cooi>i:^OOCM
»0-^40-^CO'— '"^TfOS
rHCDooocor^ocooo
OOCMQOUOOS-^Tp^iC
r-lCMC0C0C0OO*O
^ — < cooo
OO'^J^OO'-hcCOOOOCMtj*
i-Hi-Ht^COt^COOStOCO
CDOSCOcOOiOOO-— 'C^l
TjicOOOt^OOOOCDCOi*
1-1 r-l lO
osco»otpcdoococo»o
CMCO'^'-^OOCOTfCOCD
CDOr^CMCOOOiCMCO
COiOO-— 'COCMOCDCO
cococooscicoiocoo
i-ir-irr-^CDOOOSOO
oo-^oscDco-rrr-coco
1— 'OOSOOOO'-'COCMO
OCvOsOOCMt^OSTfi
COOOCO-rJ'CMOsOS'^T}*
lOCOOOi— tOOCOCOOOO
1-1 CM CM 00 Tt^ CM OS
t^CDOO-^COOSCOOOS
OCMi-iCsOCOTfiOCO
OOCMTfOSQOO'^t^O
t'-COiOCDCDCMi-'-^t^
CMcoooosi— tr-t^oo-^
1—1 CO i-M CO OS
iOWOSCM— ir^COOOCM
CMCMCOi— <CDCMiO»0'^
ot-ior-ooostoiocD
CO CM CO CD CD O — t-
COC00000OSCO00CM»O
COOt-OSOS^TfCMCO
OSCOCOCOOOOSt— ii-i
CDCM CMi-i
doo ^
OO Orrt
5000^-
t-.oc
_r A -L ^ ^
VRoo o
o *^oo
IQ »H »0 1-H »0
152
165
780
908
1,227
4,114
2,997
ii
?5
567
568
1,659
1,232
1,740
6,273
2,474
1 to
1 1^
00
(M
579
663
1,687
1,397
1,829
6,906
2,917
1
14, 230
17, 771
33, 294
30, 860
29, 486
59, 305
18, 148
1 -^
1 00
00
CO
222
51
903
357
279
3,645
1,240
to
to"
13, 727
17, 437
31, 853
29, 781
28, 626
53, 195
14, 623
1 to
lo
799
1,521
6,927
11,485
12, 832
41,624
17, 289
1 -^J^
00
i
4,407
5,600
11,663
11,615
15, 974
28, 149
18, 260
1 t^
' 00
Tj<
339
554
1,761
2,489
4,699
8,162
3,536
ICO
1 CO
s
CO
162
492
843
848
493
3,739
2,611
1m
to
to
1,824
2,584
4,324
2,717
2,203
6,187
1,282
1 Tf«
1 r-T
8,322
11, 580
26, 746
30, 407
37, 679
90, 991
45, 140
,co
1 to
1,873
3,090
7,320
7, 926
9,440
26, 041
10,613
'00
CO
1,597
2,339
6,263
6,747
7,056
14, 085
7,241
Ico
■ C<5
00
Oi
3,214
4,336
9,112
9,606
11,709
23, 101
10, 081
ITU
1 -^
ICO
1 to
t-T
00 CO 00 "O -^Jl -.
COr-l rt "
'O [
03
Under 50
50-100
100-250-
250-500
500-1,000
1,000-5,000
5,000-10,000
10,000-50,000 6
°§
'^
ca to
oS
go
3
&H
153
295
372
737
1,364
2,596
892
ii
00
7 13, 296
7 8, 632
7 13, 097
7 12, 254
7 15, 061
7 33, 110
7 9, 429
is
Ico
1
OS
lO
■* 00 CO to t^ CO g; ■
■^ o(M »00 (M '
S 10 •=> 00 04 C<1 .
lo
' CO
CO
62, 338
42,117
68, 365
74, 774
65, 684
181, 878
36, 993
10
1 Tj<
lo
00
(N
to
1,327
431
1,029
970
1,061
2,852
750
1 10
ICO
00
60, 213
41, 034
65, 781
71,616
62, 393
171, 894
34, 480
lis
1 0"
■ CO
00
s"
to
7 23, 985
7 8, 446
7 6, 824
9,128
7,802
28, 742
18, 601
l§
1 0:
1 00
1 •*
s
44,521
34, 827
69, 152
67, 237
64, 884
186, 265
39, 841
ig
to
3,862
4,106
11,292
15, 101
29, 010
66, 796
20, 174
1 -^
1 00
2,566
3,347
6,518
10, 976
9,966
30, 170
12,318
IS
s
of
CO
20, 187
12, 242
24, 670
22, 309
17,471
36, 169
4,433
■ in
loo
1 to
Oi
00
62, 320
51, 908
109, 880
133,201
136, 588
375, 637
100, 385
'
is
1 ^
Tf
15, 156
15, 639
36, 670
45, 679
49, 757
132, 569
29, 388
1
1 00
00
to
12, 153
11,318
23, 970
27, 046
25, 728
59, 651
14, 176
1 to
1 00
i
13, 999
13, 326
24, 439
27, 471
27, 793
75, 436
18, 738
IS
1 (N
i
00
00
3,073
720
704
379
193
176
16
6 17
'^ 1
00
10
Under 50
50-100
100-250
250-500-.-
500-1,000
1,000-5,000
6,000-10,000
10,000-50,000 6
H
°i
a ^
si
03
So
3
&1
178
STATISTICS OF INCOME
CO tji
1^
S-S
^o e
'W
«
s
00
SJ
s
■2
e
,,
•e-a
<a
S
8
•«*
73
!^
aj
O
S5
3
C3
^^
o
R,
« b- s
J, S e
to (^ o
S CO U
0.^ S
I i
CO
. » ,
203-5
rf h^ w ua
■a
^ ^M .^
:n o o
li S o ai g
o o)
a S'O
(» 4J , ^ w
p-g a o M
^■O.JS-
CO CO c^ CO o 00
r- cc t-- o CO 10
CO 10 O CO o 10
l-H »-( i-H
CO 00 (N f- OS CO
tP -^ i-H I> 00 Tti
»-< i-H CO CO cq 00
CO 00 t^CO '^ ^H
00 1— ' CO O lO c^
-^ lOC^ OCOrH
*-H f-H CO -^ CO o
5 Oi CD C^ O
CO OS ^ Tj< CO CO
'^J^ CO f- CO CO 00
«-H lo r^ 00 OJ OS
10 ^ IC CO I>- 1— I
^ CO t-- OC iC t^
I C4 ^ CO ^ ■<}<
rj^ CO CD uo r- O
00 t^ 10 rt* CO "<*<
Tt^ O 00 10 00 00
1— I 10 C^ T+( 10 '^
(M .-I (N <N i-H CO
Oi-H COOC^OO
CO 00 CO 00 ^ CO
O 1— I (M 00 i-H to
f-H Tt^' o~ t-T r-T '^'"
'* CO CO 00 "^ r-l
O O CO t^ CO CO
00<NCSJ iOOOS
OS 00 coco 00 CO
CO ^ Tt< t^ 00 'r+*
CO CO CD '^ CO CN
w ioCM oj-osr-
.-H 00 OS T-H h- <:d
In. Oi o CO lO CO
OO-^ 00(M O
I-H ^ <N l-H .-I t^
CO CO OS i-H CO CO
CO CO CO 00 CO r-l
10 10 oTcT'-H CO
lO r-» CO O ^ O
000 '^ CO cs 10
00 CD o wo r>. iO
00 O lO "M t-* to
,-H <N Tf 10 »r:i CO
CO CO OS OS c^ cs
r-( Oi t- (N OS »0
to 10 ^Ci 00 00
to 00 CO t^ C^ OS
00 CM '-H CD C7S M
CD rt< »-H i-H iO to
r-t .-1 CM CM -^ 00
to CO >0 t-- CO CD
CO to 01 <— t r-- o
CO O 01 CO CO -^
os" cT oT .-H CM* 00
- 00 CM CO 00 ^ CM CO
M *0 i-t cl *0 ^iO ^-i iO O
ITD CO Tt^ CO t- O CO
00 --H CD to OS CO to
CO OS '^ t^ CM CD CO
H .-( f-HCOCO
CO 00-^ O O CD OS
CM CO CM O O O O
t^ CO to rf CM CO t^
J CO CM CO CM to CO
; 1-1 CM r-H ,-H ^ ^
Tf OS ^ CM 00 to 00
CO to 00 to CO -^ ■— '
CO .-H O 00 -^ CO o
to CD c<r to" r-T cm" CO
CO -H CM »-i .-Ci-H ^
CO t-- CD 00 •-» CO OS
T*-' Tp' r-T o h^ to CO
O^ tc^ t---^ CM
CM .-H ^ i-( .-H
OS OS r-H 00 »-H f-l 00
CM CD OS CO CM CO CD
CO CM r^ CM t^ -<*< Tf
c5i-H CO CO CO cTco
CD ^ CO to CO 00
00 OS GO CM to CO O
00 r^ o 00 1-H CO to
<M 00 CO "^ CO CO OS
CX" OS '«:J^ C<J to to CO
CO CD 00 to CO to '—1
CD CM to ^ CO C<I 00
CO OS CM CM -* 00 C<l
OS i-t CD t^ O CD CO
r^ i-H 10 CO ^ t
to o OS •— t r^ OS to
■-- OS t- t^ O r^ 00
CD CO l>- <— ' CO 00 CD
1-1 O — ( T-H ,-( O: 1-1
O CD OS CO to 00 Tt<
00 i-H O OS to CM OS
^ CM OS -^ CO CO OS
»-i to CO CO CO o to
-^ CO CD r^ --^ 00 Tj*
00 CO C^ to OS OS o
CM r^ CO '^ o o o
00 CD i-i 00 OS r- 1^
.-T r-T cm' cT 00 co' '^'■
1-n-i CM CM i-< C^ CM
CM -'J' t^ CD -* GO CM
t-- -^ r^ to OS -^ to
00 ■-• O CO OS CO CO
00 t^ CO to oT CM CO
to CO CO '^ CO to CM
1— < 10 CO CO O --I 00
CO t^ O to C^ GO to
CO CO CO "<5* CM r^ CM
t-T cm' •*" CM* CO to cm'
to CM CM 00 t^ ■-» CM
i-l rH CM 1-t >-< CO r-l
to OS ^ CM I—" 10 OS
■^ »-i »0 CM CO C^ 00
OS CD Tt^ to r-t CM 00
00 to t^ OS O !-< OS
■^ -*Ji !>. lO CO O '^
r-« 00 O "^ CO O Q
CM OS 1-* CO ■^ OS C^
OS CO to CO CD i-H 00
CD CM t^ CM* CM* CO t>r
O O 00 '^ to 00 -^
to "* GO CO CO CO CO
00 CO C-S 00 to »-< ■<*<
rl O O "«t* t^ O CM
CO rj< t- to -^ OS CO
COOCMrHOStoOOOi-l
r-cotocotoco>-<i-<„
CMt^-rftOCMr-H ^
►-, o o "5 o . .0 o r^
STATISTICS OF INCOME
179
OCDOOOCDiOrHOOCD
csc^-^-^cocstoioio
■^COt^OOCSOCftOsO
i-H -^J^ (M — I OO
cocooooo»otor*Tfi'Xi
OiOCOCOtNt^iOOO
N (N Tt< -^ CO O 05
COI>-t^COiOt^GOOOi
t^csooc^r^r^t^t^io
t-Tt< OO— I
ir^ CO -<*<
r-- o^ CO
.-( »0 t^(N Ol
C^l TtUM CO '^ 00 GO O ^
C^t^OO(NcOOiOOO(M
Otp-t^co-^csoooio
c^co-— iQOC^i^cocoo
i-H i-< (N O O —t ^
■frJiCD^CO'^OOO''
<M '^ lo r--
r-< rj< CD
00 "OOO
CD 00 -^ CO I O
2
< to Tp a> — I
cor^c^Oiooco(Nooco
CSCOt^TjHiOCOOOC^
C0CS-^'tt*-^»O00t--Tf<
i-HOliOC^COiOOOOTf
»O-^'-HC0000000»OCO
Tt<CO<X5l^00OiOi'— 100
cocO'-HCDt^cor-oo
t^CDCOiO-^COOi-^iO
> c^ r-- Oi 00 CO »o
~) COOO CO --H o
r-H (O CO t^ 00
cor-H-^rjicnoor^cotN
C0O0iTt<0500C0t-*>-<
OOOiOCOTtHt^fNOi'^
f-l— "i-iC^OO^-CvjCO
c^fNioococococor--
c^oocotocO'-Hr--.i— <co
cOTt<r-oic>— «csiO'-H
CVT O 00 O CO CO lO CD o
'-HrH^C^fNt^TjH.OO-*'
O00CDOC0CT)O<Nl^
•-<05(N00':O00O»O00
OOCOr-.COlNCO'-ir-l
; o lo o - I I A o
-^-H (NO COM -^00 CO
"^I^OOCDOOCO'*«Oi
t>-COt-*t^CD'-H00'-iCO
ooO'-i»oooo3aieooo
tOO00C0Tj*r-tOTt^*O
t^t^OO(NtQCS*OOOI>-
H C^ CO coi>. to
r-GOTt^-^CDCOiOlNtO
^to-<^OicO'-ir^t^o
t-»coi>-ococO'-ii-Hr^
OOiCSC^tDtOOiOOO
CS^ r-i^(MCO(Nl^Tj<
ascooocooocoocs
oocor^-c^cO'-Hcococ^
05Tt<(Nt--t^'-s<'^eoco
00«OO(NO'<*<-^CS'-i
tocooo«or--Tfioooto
1-1 i-i'<*<r^
Ot^OOCO^Ob^COCO
CO-^l^COlNOOOOCOtO
b-oosoooor^cDio
»-r CO iO o" c<f •^" CO cjT o"
lOCOt^tOCOCOOS-^O
C^COOStO-— "COOtOOO
C^OSOt^tOOO'—t'-HF-c
C0C0'^TPC0I>-CD»0O
4otot>-i-<cocO'-ioai
lO^^^OOC^'-HCO"^
OiCJiOOCOOCOtOtNTp
O'^COOOCO^tOOCO
OtOOt^CO^^*<»HiOCN
r-H r-1 rH COC^ t^I—
cooo'^ooot^ooTjiai
) CO CO '-1'^
D -^ O OO t^
> (N t- -^ (N
^ 00 cnT t^ 00 -*' of --r
t-( rH (M t^ 05 "* CO
coo
(M'-<(MCT!0<M050SCO
lOCOC^J-^OiOCOtOCO
c^05c0'-ioocot~*r^o
c^ cs -^ o CO rC "-T tC 5^
i-(i-(C0-^00COCO(NS
■^OCD(NtOCDO<-HO
COCOTt*tO»OCOtOiOCO
Tt<iOCOCOCS»OCOtOtO
COCOQOfMTtHOOcOCDC^
Tt<CSCOCO-^OOOI>-tO
r-4 rH lO
cr>tococoTt^iO'<*<Oioo
COCOt^'-HOOtOt—OTt'
I^iOTPCOOf-iOiWO
CSOst^cot^C^t^t^O
1—1 t-t r-l CI Q5 QO CS C^
T-HT^COt--I>.OlCSCO'-
lOOiOCiTtiCO-rtHCO-'
OOiOit^rHOOCOt^C
» t^ Oi CO CO r-* to
H 1-H Oi r-* r^ 03 CN
4 .-( i-i o CO i-H r^
"^Or-.C5tO'^':DOOGO
rt<OTt^Q0(MC0(Mr-t^
OSO'-'COCD-^OitOO
C^CSCOf-hcoOOOI--
COCD-fJ^^OSOOO-^O
i:>.»ob-.i— ir-Hor-cor^
COOOOtOt040050i-H
OOiOCO<NO— i-HCO'-H
W— ((NC^(NcO'*t^'H
tOTt*"^CO"^COCOCOOO
tOO^OOOOC^C^CVIC^
OO'N'— i'^CO'^'-i<-l--i
5 o to o -
5i
- I I o o
V oo oo
I ooo^o
o0^.o"'o^
tOp^ U3 rH to
Tt^toCRM'^CO'^iO'^
<NO— ttO'<*<'^00<-HTj<
to to o o o '^co oT o
1-1 i-( >-H <N .-I t-( !>.
CDC0Q000OtO00tO'<:J<
t^O'-HOOCO'— "■^'-ito
CSrHCOOOCDOOt^^CO
Cf OT CO ^ tC TP O !>f r-T
T-H ^ .-1 .-H CO CN CO t^
COCOtNC^'<*^tOCOCOTti
■^(NOCOCDt^tocoOi
■^'^OSCOtOOOl^OOO
c^05cor^oot>-cscoo
i-H t-H rH .-( CO C^l CO 00
oito—(00O5coai'-HO3
COcoOiCOCOOOStOtO
ot^ooco»o(Ntooa>
«DOitocoot^cor>.T*<
coooocococor-»coco
t^tOOOOt^'^l-^OSi-H
OC^(3i01'*Tt<iO00C^
Oir^tNtot^t^OOCOCD
COTt<CO'-H-<*<tO00'^'^
lO-^—fCOtOCNOtOOi
df-HCO'-l'-KN'-t'-fCO
O5f>-a5'^r--.coc^cot^
Oicotor^oscocotoo
OC^OiOOC^OCOOOt^
O1CO00'^--<(NtJ^CD00
OSCOiOOOOO'«*<<NtO
cotoosoot^cot^oso
OOfNOTt^CNcOt^O
oc^co-^-^cotoooi--
f-((NOOtOtOt--t^tocO
rnr-i-Hi-HiMcOOiCOCO
cc^ososonMc^r-co
C000'<*^'-HTt<00O'-H00
COOf-HtO-^THOOtOO
OOOOStOOOOOO^T— ifD
coooNC^r^'— «aiooas
(NOt^-COCN'^C^iOO
oooor-oooo-^toos
OOCOtOOiOt^cD-^Oi
I— 1>— lOOCOWOOCOtOCO
toi>.a>t^co-^cococo
rH C^ CO 05 to CO CO
t^CSOOtNOiCO-— iC^CO
OOt^CO(NcDCOCqtoO
t-HOOOOsto^OS(Nt^
tOOO'<*<'-'CSOO(NOtO
rH rH ,-H CN CS CO CO
tOiO'^OCftOOCOtN
0'-tr^tO'<j<r^coc^o
O5Oi(NO5CNtOCO00CO
tOTHOOCOt--COt-*COO
CDtOcOOtOCOOt^to
iOOStOCOCOiOh-(N00
t-"CDt^t^'-'OiCOt^t-H
oo^H--*aj05a:oicooo
COCOOTPtOCOCS-^CTi
CNCS'^COCOt-'^CDi-l
cDOir^cDOiC^r-'— 'O
'-icoOicorocO'^GOr^
i-<t^oscocsr^>— <t-HO
t^COO^J^piiOCOOO
* (M CO
tOtOOit^t^r^'-l'-Hr-H
-t^^CO'— i.-«COC^OOi— I
OSTt^r-HCOOa^Tt^COOO
COO-^i-HCDOOCOOCO
T-iCDO^eooscooicoco
COtOOOOt^t^t^i-iOO
COOifNtOOcO-HOO-^
cor^cMo-^-^oocooi
caoocotooootor^oo
i^to<Nooooooooor*
OJOiCOCOCOtOC^t^OO
lOCOt^OO-^OOliMCO
tOCOCOO^COtOCOi-*
CO tN to O to CO
1-H COCN --T
a»
O OO-
oo "
S o X' 9 ^
O ^.O to crt
O to-H I '^
■T^ O oo O
-L oo oo
Q o o _' _-
180
STATISTICS OF INCOME
1^
ess,
•to *"
6 oo"
S 60
s e 2
o § 2^ ^
^^o 1
60 V>
«j e,is
c s *-
1-0 Q^i •<S'
5- S O
20 «
*~ «,_ ^
*~ C3 O
S 60 >»
O <a S
^ -^ Si
c
1. « ^
t^ 60 -M
I-H !a ^
60 M
J O 60
n
^ " rt O
o a>
5"^
2 a"^ m
' o .
1 *
-2 "^ "S-g
OTtH 03
3 fe a-r * a>
to-^oor-OioocoGO-H
^OiOOCOOil^QC— -O
OOCD-— 'Tt*'— 'Q01OO500
Ci i-^" M — r r-T r-T
t^O00iOOi':DTfiOO
t^ CS CO CS <— I Tti rH rH
•-HtNcOOOCOtOCDt^tN
r-ioocoot^tooot^
(N^ (M .-. ^ w
COCOCO-HtNiOOsOCC
OOiO»OC0C0-^05Ci0
»OTPOoocooocr>Tt^
cot~*r-coooQor^co»o
O5iO00iO'*l>C^IC0CO
t^'-HGO'^OiCOiOCO
050(NI^<M.-H00ai
00»0OC0OO'«f'000
oi"^oooiotoasuoo;
OsOlCCait^GOCT)'— 'lO
Tt* W -^ C^ C^ CO --< CO
xNco'^oi-^'^'oas
OOit^OOiOOSCO-^O
'^O^COOtOOO-'J'CO
aiCs»ooiGcaiiC'-H03
{NIMtJ^COC^'^'-hCOCO
(N^O'^OOCOOlOsOl
oor^Cioo'^'^ocoo
CVDIMCOCSCSCO'-'^r-i
>ot--cNoo(>icoooajTt*
COC0<:D?Ot^<M!£5<r)TP
t^r^osOiooOfN'^co
COOCOO-^I^CO^-H
M'CQiO'^CO'O'—'iMTf
^c0cDt>-C^0iO»0
lO CO »0 »0 CO OS T-<
CX>-^ OCO rH
•^ coo CO »C^ OS
uo «aD CO <o 00 CD o
OS O 00 CO CO GO CO
CS C^ CO "* iC OS b*
00 00 05 OS CO CO 00
10 CO CO -^i^ Tt^ OS 00
10 t^ i-H 10 "^ lO '-H
10 CO t^ t^ r- cq 10
•N ^ O CO CO i-l i-H
O -^ iC -^ 1-. C^ U3
CD 00 lO t>- Oi *0 CO
iO CO t^ t* t* CO tfi
10 W Oi O CO CO (N
CD '^J* CO r-H .-. 00 O
O (M ^ .-H CD O CD
OT tJh" iC -^ w Tf CO
--» CD O OS 1— ' CO t'-
00 CO CO CO CO 00 t^
OS I— < cs CO r^ 00 CD
O CS .-H —• CN o O
'^*" th 00 1^ o oT ccT
i-< CO OS 00 O O CD
r^ CO CD Tt^ 10 iM O
CD O 00 CO lO O CO
CO t^ tH Tj< CO CD CO
iOOl^"^t>00»0
i-< W CO CO 10 -"-I
CS i-H to 10 00 CN t^
CO O -^ CO 10 OS t^
UO 1-H CD CO CM t^ CO
O CD O CO rt* Tt* t*
CO <N iO '«*^ ^D -— ' (M
10 00 u^ CM O «0 OS
10-* O (M CO CO O
1— I CD OS »0 t^ --^ CO
r-T i-T 10 oi" C^ 00 w
^ t- CO Tt* OS (M
01 Tt^ CO OS -^ Oi to
00 "* t- to OS CO lO
(>f to od (N C4" 00 CO
T-H (M CO OS '<*'
c^ CO CO r^ '^ CO CO
00 00 Oi CM (M OS CO
CO 05 rH (M O t-* --t
cfodtO 10 CO OCD
r-1 1— I ^ r-l (M
(M CO OS •—< O to CD
^ -rt* Oi 00 O 10 00
CD CS to CO .-H O t^
r^ t^ t^ to o CO CO
to *o (M CO r^ i>- ■-<
l-H ^ T-HCO r-H
O OS 00 CO CD CO OS
00 000 O CO 00 OS
O OS .— I 00 O to o
tC 00 O O CO -H CO
c^c^ t-000^ 00
tN t^ OS O 00 OS Tf*
CO »0 to Tf "O to cs
CS ■«*^ O OS 01 to t^
c^* .-T CO i-T ^4" CO i-T
O T-i CS "^ CO CO ^
Tt* CO t^ I— I CO CO CO
T-t CO CD to t^ O to
oT to r^ CD GO CO oT
i-« i-H CS CS (N to
oasf^cocoooi>.csr
OsOSOoO-^t^'-i'— I
CO t^ 00 c*5 c^ ■-< <o
to
^-■0
STATISTICS OF INCOME
181
^ ^ ^ ^ c4 ^* oi"
cc CO -^ ic — '"oT o '-^'' oT
oO'-'ccai'-'CC'^coc^
coco-^ioor^oTo--"
C0CCCC!Nir000(MTj<O
r-OCOCO(NtOO(NcD
C^CftGOaiCOCOOOiC'-'
OiCOCOCO-^r^fNCCIM
'rf ^ C^ tH .-. CO rH CO
(NCftCC — rf:OtOCX){M
OOQO— 'O— lOCOClOS
CO oT tp 00 o b^ « c^t^
lOCCCDt^COOOCOOCCi
^IC-— 'O0000C005C0
cccoc^ccoo-^Oi>
O^OO 05^"
GOOccTfiofNr^cno
1— l^(M.-HC<)'^'-'^CC
GOcoTf'ccb-u:j'^cO'— I
h-'X5Or0Tf0:t0i00i
oai^O"C30oa:io
■-H'--csco-rj*icr^o
(Nr^oocoiot^t--— 'r-i
ioccooi"ci"cicroc^ai"
COCCr^OiOiOtlOCCOi
•— ' 1— « C^ 00 CO CC CO
tNCOCCXr^OOCOOtM
•^cor^c^ooOGOcci--
•-Hoc^r^r-tocicsco
i-TfO* u-T CO TfT CO rj- e-^' oT
-— 'COOt^QOOCOOO-*
loocoox-^osco-^
OiOO'^iCtMCSOOt^iO
oocor-c^— 'O^coc^
cDoox^cnc^wai-^
oO'*ir:c-):z>oor^ — (M
^(Nioioor-coooio
'^COOiOCCM-^iOCOOl
Oit^OO'^COCOiCCO
CO-^CftcOOOcOOO"***
COCOO-^COGOCC^CO
.-(i-.Tt<Tt"ur3coioo»o
COOSCOt-^OOTt^CO-— (»o
io»0'^o0h-coi0b-i:o
OOOOiOTt*Tt<COCCtOOO
Oiiot^ior-ic-— '00O5
^ :o c^ "»f CO oi r^
) lO CO ?N CO
coc^^oi-^-^cO'-'aj
CC' lO CO*" O 00 ^ CO CD O
ioeo»o-^'^'— 'C^ioco
-— 'r-COOiCOCOTfOOQO
C^^COOiOOOO-<1<
.— ( lO lO -^ Ol 05 --H
; !^§° d
■I I o o
" ooo o
;^s
So
Q
►J
o
W
Q
;s
<^
w
&-
cc
<'^
W
tf
O
!z;
'^J^CSCOI^OOirtiOOCO
00C0CsC^O'--Ot~-CS
00'^(^»•^CO»r^CXTt^OO
1-H 1-1 r-f Tt (N lO O
lOt^OOiOOCST^-^CO
-rfOi — CO»OCO00(NCD
r^oicot^Tt^on.— 'OC^
oooooraraTircocoi-H
>-H .-I ^ -tr cs Tt^ 00
cot-— 'OCOOt.C^COO
oo-— 'r-osc^Occioio
OrftCOOCO-— t-COO
OsOl'-HC^iCOiMOOO
c^ c^ (M r- -^ as r-
OOiC't^-^OCC^OO"^
050CO^CCiCCOTt-QO
C^CO00(>><Mt^O5COCO
tom-rfcsu^oicor-co
ot^cort^cor^oococo
1-t ^i-'CSCO-^'^Ol
ior-ooTt*ioocoor
OOOOOt^—^I^ oo^c
C^COOOliOO^CD — O
GO"*oscooocrcaoooo
1— ' o CO r- 00 CO »c CO ut) 1 •— '
>— 'oocor--— 'r-oioic^ -— •
(M— i-HOCOCOCOt-OO CO
COOS-^OiOSCOC^C^ OO
^ w lO CO CO C^ (M
''iO'-hC<IiO'-<»Ot-iio
ooc^ooaicsiO'<fco
t-o0'0-^o:r^o-**'co
COOOCOOICOIOCO-— 'CO
O(N0000!NC00S(M"ti
1-H^C^C^COOOCOCOCO
CO— '-HCO^OOOOOOiO
(NtNOCO^Ol'^asOO
COOOCO^OO'^O^CO
ioO'^oi'*'jr:ooiM'rfi
i—COCOTPfNiCiOCO
Is^^^tOtMC^C^OOiO
OliOiOCO00h-CC»OC^
lomcoiocooo^co-^
oot-t-io— 'Oioor-as
I— 'CO— 'tMcoOicOcOCO
— ' 1-H — ■ CO -H (M
oot-— -cor-CiC^c^c^
COO"^OO^COCOt--CO
COC^COCOCDOtMCOC^
OSI>.00CCCO(NCOC^00
(NCOO5 00 00 — osr-o
tM 1-H — I
— 'Oi— <iOCOCOOOCO^^ I Tt*
t^ocsr-— 'cooc^ico I ^
oico— 'CO— 'r>-t--corf< r-
00 CO I^CO't-^QO ic"-^— *" CO
cor-oocncoO'^c^fM co
^ (M r- 00 ^ CO CO 00 rt* -"J*
— CO ^ CO c
coh-or--coaiaioco t»o
OCR— "MiMCOC^Ot^- — <
t- CD CO tM lO CO CO OS Tt< I -^
-^j^od^o r^— "oo ko 'tj^ CO
r-c^coiooi'-Hcoooc^ t^
--H CO CO CO 05 CO (N (M O
coTt-oso-^r-iocDoo
CCiO(NCOiM00'*-**(N
lOCCrf-^tOiCC^CO
1-i — ' -^ CJ IM 00 —t
cococ^O":;r-o— ^Oi
OiOlOiC^tCt^— ^-00
C0<NI>>Tt<OO5(MC0'*
i^r-i^-rj^cocDCSOsr-
iOOOCOQO'^t*t^OOOCO
C^ (N CO 05 CO CI Oi
00— 'u^tir- — -^ocso
cDa>oscocor--*r-»o
t^t-00tOCOiO(N'-'
I> CO Tj^ C^ — I —"
§5 -4
'ii
o »o ^ 1
V ooo o
±ooo o
lO t-H lO »-H »0
s^
o
w
Q
m
w
ij
<1
P3
o
<
COCSO^C^CBOOt^CO
OCDOt-C^OC^^— <
os'^t^^oot^Tft-r-
cococDoscoicor^co
r-t CO TJ* O lO
o-^ioioc^io-^icco
OOOClCOh-COiOiOt--
t— lOiOCOOiO^OiOS^O
Olt-UOO^C^OOC^JGO
Oiococot^r-ccoiCs
(M^rJ-COOOOiCOfMOiO
f-OO^OCOCO-^OiOCO
OSiO'^t-CDCOOC^^
■" CO ic -^ -^ CO OS r-
COCOOlOi^-^OOCTJ— '
— 'lOoOOcDOCOTtiOO
— tCO»OiOU3— •— 't-O
c^-^ooioioosr-— 'CO 1 r-
OCOC^CO-Hr--<:t*h-(M t CO
C^—tCOCOCOOS'^OcD I -^
,-H ^ to
oor-cscsr^050icoco
oo--c^h-osr^cDr-c^
C^OCOOl^OO^"^— I
■^COiC-^OOiOt^O— •
— < .-1 i-H CO^ iOTt<
lOTt^CNCOCO^TfTt^CO
»oooiot>-aicooO'<**co
(NOit^iOCD—'t-'-'O
'^»OC0O(N00C0r0O
O tP ^ lO OS 00 — I (N
(M^ r-.(M(MCO»Ot^
^ ^ CO
-HOOI^— 'OOCOCOCOO
^lOOO-^iMccom
COC^CO-^f-^-^iOtMC^I
000'<**COC3iC^t--C^t^
t-r~-ioo5h-oor-ioco
COCOOOOOOOO— 'OCO
— ' C^l — 1 CM CO
^tO^OO^rfTfCOtN
OSCOCO— lOCOQO— <— •
t--00O^O00tMTt^05
(MQO"<*^a3COC-.C5'*CO
■tfCSOiC^COCOCOOJOS
w — I lO CM I
ciOcor^OfM-^o:!-^
C0iOTj<aiCOCO-^C01>-
(MO»OOOiiM^t^O
fMcD-^cocor-h-rooo
•^CO'^COXCOXOC^
— '<M t-i>r- c
3 OO to C^ O CO
— 'as"^coior-oc^-<#
h-iOOSOOC^JiOOCO'-Xl
^CMCOCOTfOSCOCOO
C^ CO rf CO CO CO CO
— ' ^ CO
— 'OCOCOOOOlCO-HiO
cotococoioc^tco — r--
^OcOOS'MOOOO^
od-^^Mco-^cor^cTr-r
— 'COC^C^OO-^tOCCOS
COtO-^TfTfOOOOiMCO
^ -.^ 00
J — X "* ! -^
lOOOOCi— 'OiOcOCO I OS
i^CO-^Ot-OCOOSCT5 CO
COOS-^h-tOdOO'^CO Ol
■^ -^ Ci CO lO O 00 CO lO 0(5"
t^courioco— 'Oi'^co 00
iOOt^'«*'iOiC(NCDCO (M
— iincoiM^ai'^co^
osOtococor^ocxDco
— ' CM (MCS CO
OiCO^-GCC^OiOOTfOl
O V ■** OO' C5 00 c^' o S
— '— iCOOS-^CO— HTt<^«
- - - -Tf
^ rf CM ^ ^
OSOtOCOcCCSI-*OiC^
COOOiOfMiOfM— 'O500
OOSOcCisfuOOSCOW
r^N t^oTcDco
ioo '
Si
OO
in o
O lO
■fi
ooo
o --
o5oti B
?27§ e
OO
182
STATISTICS OF INCOME
•S ?..
8°
§'«
«i
« «
Q eg
00 ■§
1 §
eo **
e eo
I'l
to "
«i
ill
1 o-^
« « gs,
S e «
g ^^
Oi
?. S e
S
.2
S~» tj -
(V, "fS*
6ors o
!- S^ <"
<» eo >,.
f-. e o
C eo ■»
"a s
eS 8
1 S Si
isj eo -M
w S e
3 e 0,
<
5 3 §-3
^33.^
^a
>., <s> p
t- I
O 0^
OS
h'5>25§
'^ JD ^ t< S,
O-S 03 td 03
m
aa
SE-ila
"3 CO ®
O
T3.20
m CO '^ O
5o
lo'^is-a
aoS5§l
t^^^CMr^ 1,11
U5
-*
OO 0005 05 OS t 1 1
CO (M oa lO 00 CO 1 1 1
s
m(N05t^cooo ! ' !
■*
MiOCDOr^(M 1 1 1
U5 ,-1 rt lO ,-H rH 1 1 1
CO
O t^ CO t^ CD 1 i ' !
T)l CO 1111
00
03
ooo>o-*«) 1 1 1
Ni-T,^ *" eo 1 1 i
CO
2,137
1,437
3,100
1,232
4,729
3,376
o
o
CO
(N O^ O
CO t~(M t^ 1 I j 1 1
§5
00
3§ 25! : 1 ! 1
-# 1 1 1 1
00
o
lO
(MOOOOOt^OO 1 1 1
t^ (M 00 lO t^ 1 1 1
■* CO t^(N 00 1 1 1
CO
1,409
925
1,879
3,970
4,648
8,605
CO
163
122
332
962
94
2,015
00
CO
CO
O^ ICO 1 1 1 1 ■
CO 1,* 1 1 1 1 1
t^
782
489
700
1,876
1,596
3,489
CO
OS
00
CO-^ fM ^ CO »0 1 ' '
s
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
COOJ-^i-lCO 1111
CO
CO
' 2, 689
'663
' 3, 182
'691
'401
■*
CO
od
' 2, 625
'643
' 3, 138
'657
'386
?
CO
2,536
503
1,102
412
333
5
00
m
2,225
397
943
199
248
t^
00
1
'31,541
'6,012
' 11,582
' 5, 042
4,789
05
CO
00
00
U3
26, 647
7,653
13, 826
11,679
7,857
00
o
00
05
2,358
2,206
3,494
435
1,486
■*
CO
C-4
917
377
1,320
890
1,455
^
CO
co"
8,336
3,200
7,383
4, 329
2,170
CO
CO
9,099
8,216
16, 154
12, 676
19,045
CO
CO
00
g
2,925
2,028
5,406
2,483
5,754
OS
CO
CO
CO 00O5 05 CO I ' ' '
COO r^ t^ t^ 1 1 1 '
IM CS m 1-1 1111
8
co"
o
■*"
3,211
3,048
3,858
2,866
4,499
o
00
o
g2§s85srr ;
CO
o
! ! 1 1 1 1 ! ! (-•
ill: ;°'o§°
g ijJ||§o-|
l-JiOt-lC^»r3,-llO,-tiO
■a
a
d
O
O
"3
o
® a
S 2 "
i-'TI «*
23
Sy'u.a a
"? CO S b d
.ilil'l
.2 S S.SBG^
MaS-3°&§
g§.S^§8S
.Q-- £ o CO -3 §
CO CD > » j^ ■" >-•
* 'E 'IS 5 S to — <
--ili >- a;:5^ S
a « aP_ ^ a
o3!a o
a s
Q) o«3 to O-M
S»S
S CO •- 2 t^ 13
o S ai Hs-r) ^
|S£S-SSg
'd ^ 'O ^ o. o
3 M to 3 a q So
STATISTICS OF INCOME
183
Table 18. — Corporation returns for 1923 to 1932 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
corporations ^
[Money figures in thousands of dollars]
[For text defining certain items and describing returns included see pp. 1-5]
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
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
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
10, 977
1,153
605, 394
566, 072
572, 215
615, 141
633, 782
636, 641
636, 227
363, 718
215, 096
133, 034
9,791
5,446
6,733
5,228
8,604
5,242
8,175
5,990
9,054
4,460
8,217
4,679
6,783
5,023
4,041
6,431
1,201
7, 354
675
8,615
168, 179
243, 661
221, 340
249, 342
188, 645
188, 503
246, 280
307, 122
276, 868
235, 120
49, 930
62, 498
59, 215
55, 665
61,893
50, 092
53, 543
86, 370
98, 778
94, 962
1,000
1,082
1,185
1,055
1,114
1,209
MINING AND QUARRYING
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
18, 509
5,175
18, 453
4,893
19, 163
5, 488
19, 252
6,006
18, 519
5, 232
18, 793
5,183
18, 261
5,211
17, 635
4,700
17, 580
3,832
17, 218
2,868
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
537, 578
283, 566
240, 142
453, 600
455, 798
276, 309
332, 679
430, 527
194, 118
71,154
62, 675
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
7,445
9,178
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
1, 127, 297
334, 254
307, 091
209, 957
183, 474
246, 924
207, 416
198, 440
238, 459
325, 963
287, 042
5,483
5,860
5, 759
5,402
5,457
5,172
MANUFACTURING— TOTAL
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
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
91,849
14, 985
48, 686, 640
45, 320, 016
52, 924. 994
52, 921, 594
50, 134, 091
57, 4.58, 959
59, 879, 759
38, 804, 235
20, 974, 409
12, 696, 792
4, 271, 899
484, 864
31, 404
3, 595, 675
429, 653
35, 461
4, 383, 357
546, 741
34, 537
4, 494, 790
584. 507
38, 150
3, 938, 647
507, 735
36, 196
4. 744, 261
544, 937
36, 566
5, 216, 016
544, 053
36, 742
2, 757, 508
316, 992
50, 863
1, 464, 619
165, 31 1
58, 815
7.57, 501
99, 949
72, 931
7, 534, 069
8. 591, 149
7, 904, 788
9, 573, 203
13,588,788
9, 813, 970
12, 252, 285
19, 848, 043
23, 058, 882
19, 279, 691
701, 012
832, 203
682, 255
786, 687
851, 053
3, .599
833, 735
4,204
810, 244
4,295
1, 639, 844
3,594
2, 287, 589
4.024
2, 563, 855
3,933
MANUFACTURING— FOOD PRODUCTS, INCLUDING BEVERAGES
1923
13, 590
8,388
1924.
13, 924
8,841
1925*
14, 722
9,303
1926
15, 008
8,950
1927
15, 079
8,971
1928
14,965
8,844
1929
15, 124
9,045
1930
14, 847
7,897
1931
14, 632
6,466
1932.
14, 968
3,629
7,499,
9, 742,
11,476,
10,553,
8,524,
11,551,
9, 641,
7, 637,
5, 365,
4, 430,
411,
443,
533.
475,
461,
518.
540,
436,
326,
199,
716
43,812
5,202
370
51,822
5,083
472
66, 587
5,419
074
61, 429
6,058
046
59, 049
5,461
092
58, 391
5, 405
186
56, 309
5,380
451
49, 869
6,328
910
36, 823
7,524
387
25, 201
10, 053
1, 528, 149
1,044,576
1,923,747
1, 762, 832
4, 188, 757
1, 497, 403
3, 854, 726
4, 377, 338
3, 988, 705
2, 858, 953
118, 480
91, 897
91,512
93, 052
105, 716
77. 818
87, 721
128, 498
203, 478
207, 211
647
716
699
622
642
686
• Changes in the revenue acts aflecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213.
2 Prior to 1927, returns for inactive corporations showing no income data were Included with returns
showing no net income.
3 Gross Income corresponds to total income as reported on face of the return, plus the cost of goods sold.
'Includes "Tobacco products."
« Not available.
184
STATISTICS OF INCOME
Table 18. — Corporation returns for 1923 to 1932 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
corporations ^ — 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— TOBACCO PRODUCTS
1923
563
278
1,011,952
95, 209
11,834
285
38, 483
5,696
1924
518
239
1, 002, 841
93, 483
11, 554
279
57, 260
3,819
1925 5
1926
497
289
1, 124, 966
117,366
15,718
208
35, 051
2,257
1927
445
261
1, 177, 777
124, 775
16, 745
169
23, 525
2,475
15
1928
439
238
1, 180, 870
121,678
14, 548
181
19, 122
2,147
2a
1929
437
243
1, 220, 530
132, 682
14, 554
177
50, 436
4,942
17
1930
405
195
1, 094, 278
143, 788
17,216
197
76, 799
6,655
13
1931
379
155
1, 086, 321
142, 494
17, 066
211
97, 515
5,606
13
1932
382
114
978, 533
138, 399
19, 061
256
61, 188
5,151
12
MANUFACTURING— TEXTILES AND THEIR PRODUCTS
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
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
14, 637
2,467
6, 699, 737
4, 842, 252
6, 108, 060
5,354,117
6, 285, 401
5, 702, 986
5, 902, 287
2, 642, 402
2, 132, 182
1,211,516
563, 412
316,929
413,115
314,649
417, 484
351, 850
323, 974
105,610
77, 830
41, 052
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
5,047
11,872
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
2, 672, 436
71,845
188, 104
114,772
195, 164
120, 816
155, 729
163, 069
369, 690
342, 537
332, 249
268
334
289
261
277
298
MANUFACTURING— LEATHER AND ITS MANUFACTURES
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
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
2,331
468
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
371, 438
72, 388
70, 319
76, 023
73, 859
99, 072
77, 425
76, 803
38, 691
30, 091
18, 687
248
982
037
1,087
169
986
358
1,078
229
903
892
1,015
109
1,084
389
1,515
340
1,487
404
1,816
445, 476
460, 523
339, 191
427,012
316, 039
396, 514
482, 402
655, 143
564, 469
469, 593
36, 126
31,876
28, 895
27, 436
21, 703
28, 038
36, 368
64, 124
64, 737
61, 797
60
63
44
52
S3
47
MANUFACTURING— RUBBER PRODUCTS
1923.
1924.
1925.
1926.
1927.
1928 .
1929.
1930 .
1931.
1932 .
607
273
63S
325
638
349
680
339
655
335
723
349
638
311
607
227
552
174
544
96
908, 765
937, 870
1, 373, 495
1, 147, 455
1, 039, 525
932, 048
916,242
559, 565
401,314
127,581
45, 924
56, 900
122, 966
37, 501
70, 253
44, 645
56, 324
12, 242
14, 004
2,779
2,840
334
5,662
313
15,412
289
4,867
341
8,849
284
5,149
331
6,055
303
1,336
354
1,371
361
301
426
170, 130
184, 380
95, 862
452, 909
407, 272
454, 122
510,967
540, 748
415,317
507, 935
21,563
15,345
13,941
24, 764
19, 356
45, 987
39, 191
63, 876
38, 154
41.517
36
43
24
26
17
22
MANUFACTURING— FOREST PRODUCTS
1923.
1924.
1925.
1926.
1927.
1928.
1929_
19.30.
1931.
1932.
7,382
5, 250
7, 663
4,750
7, 633
4,657
7, 802
4,591
7,816
4,178
7, 947
4, 290
7, 869
4, 195
7, 501
2, 340
6, 954
1,525
6, 707
541
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
95, 829
299,
178,
200,
172,
12.5,
H2,
135,
35,
14,
5,
33, 457
2,132
21,090
2,913
24, 667
2, 976
21,907
3,271
1,5,612
3,353
1.5,210
3, 367
13,437
3,294
3, 591
4,868
1,379
5,1,50
666
5,929
282, 522
627, 593
587, 054
738, 045
874, 474
789, 281
816, 194
263, 948
014, 89S
758, 131
32, 587
57, 754
53, 116
69, 196
94, 295
71,493
68, 499
152, 460
199, 1.38
212,389
285
290
380
293
279
237
For footnotes, see p. 183.
STATISTICS OF INCOME
185
Table 18. — Corporation returns for 1923 to 1932 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
corporations ' — 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 3
Net
income
Tax
Num-
ber
Gross
income 3
Deficit
showing
no income
data-
Inactive
corpora-
tions 2
MANUFACTURING— PAPER, PULP, AND PRODUCTS
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
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
2,08G
832
2,097
473
1, 246, 989
1, 163, 209
1, 260, 563
1, 430, 426
1, 401, 780
1, 374, 722
1, 546, 672
1, Oil, 630
632, 927
291, 719
109, 909
92, 674
111, 186
120, 460
123, 988
118,590
124, 347
73,641
37, 472
16, 600
575
682
652
659
642
678
673
953
1,200
1,582
196, 992
200, 908
230, 547
221, 834
267, 600
352, 796
249, 444
567, 158
639, 142
717, 678
14, 932
18, 361
12, 137
14, 362
13,614
14, 959
19, 893
36, 379
53, 776
81, 073
MANUFACTURING— PRINTING, PUBLISHING, AND ALLIED INDUSTRIES
1923
9,223
6,183
1924
9,618
6,278
1925
9,920
6,523
1926
10, 545
6,931
1927
10, 679
6,734
1928
11, 127
7,070
1929
11, 569
7,331
1930
11, 736
6,098
1931
11,822
4,593
1932
12, 100
2,155
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
888, 484
165, 947
175, 972
190, 909
203, 507
198, 476
243, 650
270, 829
176, 137
115,795
58, 804
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
7,795
9,510
260, 566
287, 667
293, 786
351, 190
380, 417
350, 275
402, 692
607, 967
1, 000, 179
900, 273
23, 627
28, 455
29, 505
31, 006
34, 788
34, 104
47, 749
54,512
77, 802
96, 170
316
354
399
367
419
435
MANUFACTURING— CHEMICALS AND ALLIED PRODUCTS
1923
6,317
3,472
1924
6,601
3,640
1925
6,962
3,951
1926
7,286
4,076
1927
7,229
3,960
1928
7,501
4, 231
1929
7,505
4,073
1930
7,380
3,287
1931
7,265
2,797
1932
7,443
1,741
419,
466,
623,
785,
495,
848,
911,
534,
251,
167,
49, 426
2,845
56, 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
22,644
5,315
304, 388
733, 144
590, 301
768, 153
969, 078
778, 526
737, 016
351, 166
952, 977
696, 099
94, 158
76, 309
82, 352
69, 279
110, 369
59, 789
56, 976
175, 459
318, 864
223, 266
377
450
434
366
421
387
MANUFACTURING— STONE, CLAY, AND GLASS PRODUCTS
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
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
4,268
424
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
184, 622
187,
162,
181,
195,
157,
172,
163,
92,
41,
13,
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
1,760
3,685
110,290
166, 464
156, 780
164, 876
243, 350
259,911
265, 730
382, 407
558, 054
485, 794
14, 374
17, 944
17,846
22, 112
28, 356
32, 518
33, 439
53, 374
79, 171
110, 098
219
243
255
206
193
159
For footnotes, see p. 183.
186
STATISTICS OF INCOME
Table 18. — Corporation returns for 1923 to 19S2 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
corporations * — 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— METAL AND ITS PRODUCTS
1923
1924
1925
1926
1927
1928.
1929
1930
1931
1932
16, 240
10, 168
20, 170
11,227
21, 529
12,760
20, 054
11,989
20, 379
11,412
20, 695
12, 252
21,047
12, 864
20, 831
8,188
19,700
4,744
18, 877
1,917
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
1, 031, 353
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
71, 098
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
9,558
16, 191
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
5, 475, 380
178, 081
244, 779
201, 445
192, 574
241, 305
254, 975
170,113
400, 375
760, 951
1, 054, 566
740
964
891
739
782
769
MANUFACTURING— MANUFACTURING NOT ELSEWHERE CLASSIFIED
1923
1924
1925
1926
1927
1928
1929
1930
1931
1'332
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
7,495
960
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
323, 322
473,
197,
173,
195,
163,
195,
188,
105,
56,
24,
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
3,273
5,696
678, 308
491, 002
304, 215
460, 600
467, 835
455, 592
585, 157
841, 663
796, 917
676, 232
89, 543
57, 561
36, 733
45, 484
58, 260
56, 179
82, 284
134, 443
143, 375
138, 367
581
657
797
603
874
839
CONSTRUCTION
1923
12, 551
8,151
1924
13, 176
8,701
1925.
15, 338
9,701
1926
16, 770
10, 075
1927
17, 609
10, 071
1928
18, 770
10, 179
1929
19, 947
10, 462
1930
20, 035
8.871
1931
19, 806
6,457
1932
19,046
2,115
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
468, 670
112,004
132, 704
156,491
162, 569
171, 160
170, 906
178, 376
150, 548
80, 699
30, 691
11,439
4,400
13, 912
4,475
17,581
5,637
19, 146
6,695
20, 078
6,281
17, 175
7,117
16, 519
7,896
15,210
9,674
7,625
11,675
3,639
15, 204
469, 915
425, 625
391, 555
528, 548
642, 410
661, 089
790, 254
867, 972
1,022,318
969, 246
42, 809
42,011
43, 346
63, 621
59,417
71, 369
70, 066
82, 488
111,048
141, 060
1,257
1,474
1,689
1,490
1,674
1,727
TRANSPORTATION AND OTHER PUBLIC UTILITIES
1923
21,113
14, 269
1924
22, 431
14, 565
1925
23, 613
14,862
1926
25, 100
15, 444
1927
22,912
13.855
1928
23, 662
13, 882
1929
23. 951
13, 614
1930
23, 662
12, 109
1931
23.715
10,933
1932
24,038
6,700
9,280,705
9, 099. 040
10. 952, 508
13. 518, 653
12, 844, 090
14, 263. 775
15. 684. 026
12, 936. 669
6, 800, 951
4,851,474
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
70S, 168
150,
148,
186,
228,
210,
211,
222,
156,
105,
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
118
14, 981
1, 246, 312
1, 076, 769
928, 339
1, 245, 631
2, 295, 882
1, 538, 136
1, 500, 004
3, 060, 013
6, 584, 845
6, 387, 532
125, 650
137, 763
134, 746
120, 174
197, 472
173, 170
190, 692
333, 628
606, 249
839, 051
2,075
2,368
2,343
2,031
2,160
2,357
For footnotes, see p. 183.
STATISTICS OF INCOME
187
Table 18. — Corporation returns for 1923 to 1932 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
corporations ' — 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
TRADE
1923 -
100, 646
68, 186
1924
105, 323
68,112
1925
109, 588
7), 910
1926
112,705
71, 403
1927
122, 360
74, 747
1928
129, 766
79, 745
1929
132, 660
78, 606
1930
134, 769
59, 741
1931
136, 520
46, 049
1932 -
135, 977
20, 951
26,441,518
28, 625, 233
32, 617, 032
33, 459, 063
33.512,876
34, 824, 464
34, 264, 086
23, 380, 483
16, 109, 402
9, 329, 422
1, 197, 926
1,098,586
1, 254, 046
1, 165, 558
1, 156, 870
1, 246, 862
1, 149, 235
651,097
460^035
234, 674
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, 70S
86, 799
30, 644
111,363
264, 797
296, 517
287, 506
330, 998
362, 339
355, 514
419, 398
738, 695
1, 025, 431
1, 039, 924
2,682
3,419
3,571
3,282
3,672
3,663
SERVICE— PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
25, 114
15, 482
26, 320
15, 495
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
47, 568
7,140
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
910, 255
188, 368
202, 165
240, 426
260, 981
244, 464
254, 186
314,426
234, 227
117,925
64, 392
20, 377
22, 131
28, 467
31,040
28, 626
25, 501
29, 632
23, 705
11,081
8,854
9,632
10,825
12,410
14, 502
12, 859
14, 518
15, 737
19,472
22, 588
36, 142
500, 837
582, 704
556, 185
732, 272
906, 079
1, 043, 450
1, 140, 089
1, 407, 466
1, 980, 348
2, 181, 586
59, 141
66, 650
72, 226
103, 772
117,065
126, 709
154, 215
179, 230
241, 288
480, 481
3,047
3,303
3,675
3, 851
4,181
4,286
FINANCE— BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC.
1923
96, 772
62, 654
1924
104, 761
67, 089
1925
115,947
73, 246
1926
130, 433
76, 819
1927
137, 425
78, 100
1928
145, 433
80,315
1929
150, 588
80, 260
1930.
153, 182
72, 102
1931
152,920
59, 129
1932
143, 805
26, 395
5
488,
239
6,
766,
188
8
503,
186
9
356,
744
10
797,010
14
476, 370
10,872,951 1
7
519
,508
4
293
852
2
778
019
868, 083
995, 124
1,523,823
1, 336, 893
1, 522, 834
1,971,343
2, 197, 539
1,064,816
570, 502
287, 992
95, 114
34,118
109, 444
37, 672
179, 949
42, 701
160,215
53, 614
181, 706
44, 582
213, 238
48, 824
222, 403
53, 677
109, 455
64, 477
55, 166
75, 434
36, 576
98, 725
410, 813
460, 597
,56, 219
528, 032
566, 177
566, 199
1, 008, 827
1, 566, 677
2, 256, 843
2, 335, 500
14, 743
16, 294
16, 651
16, 603
18, 357
18, 685
NATURE OF BUSINESS NOT GIVEN
1923
26, 250
26, 439
26, 250
26, 439
1
327
803
73
1924
1925 .
13, 544
14 871
13, 544
14 031
1,956
6,287
1926
840
27, 393
48, 540
2 604
220
17, 572
1927
18, 693
1,492
4,143
348
1,731
37, 336
9,398
15, 470
1928 _
16, 597
960
26,411
3,940
309
1, 3.50
21, 639
6, 920
14. 287
1929
17, 247
1, 152
21,886
2,312
94
1,748
25,715
8,703
14, 347
1930
21, 330
1,040
15, 197
1,786
88
1,898
17, 773
12, 303
18. 392
1931
19, 334
1,045
12, 494
1,796
105
2,228
24, 354
18, 724
16, 061
1932
18, 158
339
2,719
1,041
135
2,099
12, 403
14,813
15, 720
For footnotes, see p. 183.
188
STATISTICS OF INCOME
Table 19. — Corporation returns for 192S to 1932, by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax '
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax
Returns showing no net
income 2
Number
Deficit
ALABAMA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
3,595
3,838
3,936
4,133
4,383
4,656
4,473
4,477
4,299
4,065
2,348
2,373
2,569
2,618
2,697
2,619
2,310
1,772
1,380
607
$45, 961, 341
35, 538, 812
42, 929, 890
40, 662, 231
35, 666, 948
31,251,443
29, 089, 134
12, 393, 874
6, 048, 605
2, 199, 972
$4, 756,
3, 905,
4, 978,
4, 860,
4,171,
3, 054,
2, 642,
1, 047,
412,
246,
1,247
1,465
1,367
1,515
1,313
1,608
1,767
2,261
2,370
2,953
$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
39, 662, 480
ALASKA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
138
140
159
156
174
175
182
170
181
165
72
73
94
94
109
92
71
42
$937, 073
540, 894
571, 677
673, 666
677, 513
641, 591
836, 818
503, 259
332, 731
260, 742
$97, 023
52, 532
59, 523
66, 149
62, 639
45, 749
46, 257
35, 243
17, 948
23, 942
70
$217, 260
72
1, 000, 223
87
370, 693
83
379, 716
48
536, 729
51
406, 644
46
252, 393
56
447, 882
86
561,918
92
636, 714
ARIZONA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1,562
1,525
1,451
1,505
1,556
1,734
1,953
1,932
1,893
1,773
548
579
593
619
668
766
822
629
506
217
957, 195
412, 641
679, 289
813, 276
779, 782
810, 755
991, 971
756, 443
522, 366
867, 958
776,
813,
1,011,
865,
935,
1, 732,
421,
194,
106,
1,014
946
858
886
403
430
510
725
807
1,026
$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
11, 862, 704
ARKANSAS
1923
2,612
2,554
2,684
2,634
2,660
2,760
2,629
2,624
2,471
2,306
1,669
1,670
1,823
1,701
1,626
1,707
1,680
1,140
899
499
$22, 372, 775
18,080,163
22, 899, 479
18, 597, 044
16, 260, 478
17,064,011
17, 565, 967
6,755,416
3,945,671
1,900,662
$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
231, 223
943
884
861
933
884
889
795
1,309
1,415
1,679
$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
14, 579, 358
1924
1925 . .
1926
1927
150
M)28
164
1929
154
1930 _
1931
175
157
1932
128
' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of
corporations are summarized on pp. 210-213.
2 Prior to 1927, returns for inactive corporations showing no income data were included with returns
showing no net income.
STATISTICS OF INCOME
189
Table 19. — Corporation returns for 1923 to 1982 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ^ — Continued
Total
number
of re-
turns
Returns showing net income
Returns showing no net
income 2
Number
of returns
showins
Year
Number
Net income
Tax
Number
Deficit
no mcome
data-
Inactive
corpora-
tions 2
CALIFORNIA
1923
18, 386
19, 737
20, 263
21, 258
22, 162
22, 754
23,206
23, 836
23,738
24,109
9,834
9,990
10, 539
10, 901
11,098
11,438
11,316
9,517
7,465
4,419
$369, 970, 234
376, 724, 853
417,825,949
426, 838, 778
447, 749, 712
552, 289, 223
512, 923, 444
324, 584, 256
190,149,234
139, 578, 191
$43, 033, 209
44, 161, 442
50, 533, 672
54, 319, 333
56, 529, 600
62,038,115
52,960,071
36, 114, 206
20, 714, 203
18, 702, 854
8,552
9,747
9,724
10, 357
8,494
8,747
9,243
11,538
13, 569
16, 590
$99, 996, 982
116,945,379
119,911,974
138, 640, 232
146, 148, 863
145, 858, 979
147, 570, 283
253, 756, 750
395, 715, 741
385, 852, 601
1924
1925
1926
1927 .
2,570
1928
2,569
1929
2,647
1930
2,781
1931-. --.
2,704
1932
3,100
COLORADO
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
6,344
6,494
6,399
6,580
6,863
7,134
7,317
7,257
7,205
6,952
2,636
2,801
2,983
3,071
3,144
3,342
3,311
2,941
2,359
$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
14, 283, 323
182, 816
024, 097
077, 070
811,708
647, 319
108, 549
084, 003
090, 052
785, 885
775, 177
3,708
3,603
3,416
3,509
2,291
2,313
2,474
2,845
3,355
4,564
$25, 414, 654
26, 209, 210
26, 159, 041
21, 333, 038
27,717,320
17,102,817
21, 166, 262
28. 736, 849
40, 802, 136
42, 849, 055
1,428
1,479
1,532
1,471
1,491
1,408
CONNECTICUT
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
5,492
5,782
5,958
6,280
6,685
7,105
7,529
7,955
8,074
8,370
3,373
3,431
3,720
3,771
3,935
4,302
4,558
3,698
3,155
1,381
$120, 934, 894
103, 180, 674
125, 092, 862
124, 029, 378
136. 992, 216
177, 470, 906
199,914,339
84, 910, 504
58, 810, 445
35, 343, 967
$13, 182, 836
11,848,127
14, 886, 873
15, 645, 630
16, 827, 368
19,569,911
20, 781, 847
9, 169, 764
6, 398, 495
4, 752, 435
2,119
2,351
2,238
2,509
2, 283
2,326
2,486
3,742
4,425
6,418
$37, 594, 854
36, 792, 136
30, 543, 543
40, 943, 399
27, 108, 848
28, 197, 261
33, 654, 066
80, 185, 409
104, 326, 665
124, 781, 857
467
477
485
515
494
571
DELAWARE
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1,116
991
1,376
1,483
1,553
1,705
1,951
1,951
1,966
2,054
594
780
811
845
984
1,068
888
674
445
$41,933,301
39, 540, 910
60,931,345
82, 896, 307
116,890,099
189, 783, 492
272, 455. 382
125, 272, 479
76, 197, 754
40, 696, 531
$3, 976, 282
4, 703, 290
7, 664, 617
10,815,415
15, 547, 645
22, 067, 396
29, 423, 386
14, 548, 434
8, 939, 332
5, 572, 829
528
397
596
672
485
471
583
811
1,003
1,341
$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
100, 758, 278
223
250
300
252
259
268
DISTRICT OF COLUMBIA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1,575
1,656
1,753
1,888
1,988
2,220
2,329
2,317
2,343
2,378
923
942
1,081
1,077
1,070
1,126
1,197
1,124
1,067
586
M4, 483
103
47, 457
560
64, 493
229
65, 987
475
55, 838
329
55, 898,
404
52, 909,
244
30, 330, 490 1
22, 376,
244
14, 948,
745
$5,360,889
5,745
401
8,119
191
8,671
069
7,225
128
6,422
798
5, 460,
289
3, 285,
696
2, 418,
670
2, 063,
696
652
714
672
811
695
822
872
966
1,081
1,590
$5, 237, 736
6, 679, 819
4, 510, 589
7, 733, 936
8, 733, 836
11,526,873
10, 237, 366
15, 134, 686
25, 746, 887
52, 597, 720
223
272
260
227
195
202
For footnotes, see p. 188.
190
STATISTICS OF INCOME
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ^ — -Continued
Total
number
of re-
turns
Returns showing net income
Returns showing no net
income 2
Number
of returns
showing
Year
Number
Net income
Tax
Number
Deficit
no income
data-
Inactive
corpora-
tions 2
FLORIDA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
4,353
5,224
8,284
10, 853
11,010
11,283
11,119
11,309
11,028
9,853
2,466
3,094
5,478
4,702
3,443
3,368
3,489
3,469
3,064
1,204
$35, 398, 528
62, 343, 490
192, 320, 339
82, 638, 298
32, 21s, 194
27, 064, 343
2S, 114,338
20, 922, 108
12, 806, 092
6, 480, 505
$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
784, 022
1,887
2,130
2,806
6,151
5,323
5,177
4,778
4,769
5,073
6,611
$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
58, 227, 782
GEORGIA
1923 _
4, 963
5,099
5,251
5,281
5,524
5,620
5,738
5,678
5,567
5,360
3,094
3,080
3,354
3,234
3,416
3,409
3,390
2,681
1,980
1,032
$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
10, 767, 118
$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
1, 354, 333
1,869
2,019
1,897
2,047
1,839
1,922
2,037
2,717
3,308
4,046
$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
36, 490, 266
1924
1925
1926
1927 -.- --
269
1928
289
1929
311
1930
280
1931
279
1932
282
HAWAII
1923
586
607
594
633
686
734
784
785
669
780
364
393
380
429
445
455
448
413
295
304
$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, 551, 834
7, 674, 879
$3,037,316
3, 625, 419
2,794,231
3, 996, 249
3,715,310
3,883,119
3, 045, 503
2,643,151
447, 030
1,031,319
222
214
214
204
203
238
291
339
346
446
$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
17, 280, 139
1924
1925
1926
1927
38
192S
41
1929 -
45
1930
33
1931
28
1932
30
IDAHO
1923
1,951
2,071
2,279
2,282
2,270
2, 352
2,412
2, 509
2,509
2,350
840
902
1,012
991
1,014
1,061
1,054
919
685
279
$10, 330, 884
6, 845, 563
9,013,870
7, 707, 149
5,930,441
6, 644, 819
7, 524, 958
4, 942, 993
2, 819, 442
1, 257, 521
$965, 874
680, 401
975, 132
837,110
587, 368
535, 238
505, 247
402,616
225, 576
177, 149
1,111
1,169
1,267
1,291
564
553
593
790
1,031
1,323
$5, 320, 288
5, 828, 747
5, 195, 974
6,21 ',455
5,915,313
6, 839, 394
4, 619, 702
9,156,477
12,715,770
13, 983, 082
1924
1925
1926
1927
692
1928 ---
738
1929 -
765
1930
800
1931
793
1932
748
ILLINOIS
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
25, 242
26, 414
27, 239
28, 340
29, 248
30, 444
31,700
32, 043
32, 260
32,117
15,941
15, 959
16, 767
16, 986
16,913
17, 668
17,698
13,389
10, 489
4,816
$752,
706,
851,
901,
836,
1,012,
1, 103,
586,
263,
131,
649, 643
054, 194
832, 473
781,956
587, 699
940, 140
647, 465
664, 164
613,607
959, 429
$82, 678, 907
82, 467, 674
105, 692, 356
116,558,602
107, 498, 653
115,222,042
115,132,836
66, 135, 079
28,519,781
15,713,450
9,301
10, 455
10, 472
11,354
10, 052
10, 370
11,339
15,780
18, 920
24, 144
$136, 524, 673
161,659,103
141,187,284
159,686,695
185, 949, 352
179, 767, 433
216, 642, 175
407, 149, 790
642,841,569
820,154,704
For footnotes, see p. 188.
STATISTICS OF INCOME
191
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ' — Continued
Total
number
of re-
turns
Returns showing net income
Returns showing no net
income 2
Number
of returns
showing
Year
Number
Net income
Tax
Number
Deficit
no mcome
data-
Inactive
corpora-
tions »
INDIANA
1923
10, 399
10, 832
11,057
11,080
11,463
11,703
11,789
11,663
11,989
11, 649
6,721
6,566
6,826
6,889
6,821
6,836
6,881
5,289
4,395
1,963
$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
23, 414, 444
$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, 107, 844
3,678
4,276
4.231
4,191
3,343
3,561
3,705
5,186
6,236
8; 322
$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
120, 253, 746
1924— _
1925
1926
1927
1,299
1928 . - .
1,306
1929
1,203
1930
1,188
1931
1,358
1932
1,364
IOWA
1923
9,025
8,961
9,048
8,843
9,050
8,643
9,116
9,125
9,350
9,131
5,477
4,993
5,115
5,060
5,087
4,981
5, 109
4,558
3,527
1,377
$57, 437, 108
49,731,875
56, 258, 659
56, 751, 215
53,291,854
65, 509, 670
68, 045, 529
46, 489, 265
25, 509, 055
11,238,638
$5, 842, 916
5, 284, 901
6, 302, 485
6, 585, 785
6, 153, 952
6,604,313
6, 398, 769
4,573,825
2, 360, 861
1, 502, 630
3,548
3,968
3,933
3,783
2,592
2,507
2,430
3,077
4,119
5,867
$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
56, 169, 954
1924
1925
1926
1927
1,371
1928 - .
1,155
1929..- -
1,577
1930
1,490
1931
1,704
1932 -
1,887
KANSAS
1923
4,928
4,985
5,003
5,280
5,191
5,228
5,192
5,308
5,290
4,997
2,987
3,184
3,132
3,253
3,122
3,258
3,278
2,846
2,111
1,064
$87, 085, 926
84,610,712
109,216,206
131,458,924
99, 605, 516
108,126,632
134,228,182
74, 320, 733
32, 438, 616
13, 307, 762
$10, 270, 566
9, 832, 973
13, 442, 854
17,017,077
12,807,208
12, 099, 545
13, 952, 047
8, 241, 440
3, 435, 250
1, 819, 347
1,941
1,801
1,871
2,027
1,677
1,531
1,517
3,059
2,714
3,453
$17,532,728
15,351,310
13, 573, 394
12, 888, 990
29, 872, 526
10, 460, 044
12, 768, 097
29,351,949
52, 644. 624
32, 538, 993
1924
1925
1926
1927
392
1928...
439
1929...
397
1930
403
1931
465
1932
480
KENTUCKY
1923
5,153
5,225
5,295
5,479
5,718
5,894
5,668
5,764
5,470
5,193
3,381
3,226
3,418
3,403
3,397
3,457
3,316
2,767
2,158
1,079
$72, 582, 288
64, 974, 995
78, 148, 741
77, 202, 970
72, 269, 854
75, 154, 449
77, 305, 053
38, 452, 724
18, 965, 434
14, 467, 581
$8, 139, 710
7, 347, 437
9, 418, 224
9, 612, 262
8, 892, 758
8, 172, 028
7, 745, 933
3,981,810
1, 843, 385
1, 872, 954
1,772
1,999
1,877
2,076
1,691
1,783
1,799
2,364
2,765
3,586
$13,264,642
16, 972, 876
11,483,729
14,471,051
14, 493, 784
15, 998, 237
16, 387, 992
74, 305, 037
40, 242, 071
39, 228, 390
1924
1925
1926
1927
630
1928
654
1929
553
1930...
633
1931
547
1932
528
LOUISIANA
1923
5,109
5,155
5,250
5,657
5,817
6,072
6,314
6,440
6,597
6,675
2,841
2,943
3,121
3,277
3,219
3,370
3,424
2,903
2,415
1,197
$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
14, 929, 139
$7, 543, 885
5, 934, 261
7, 268, 660
7, 554, 101
6,752,612
6, 122, 204
4, 98'), 312
3, 096. 364
2, 149, 945
1, 764, 606
2, 268
2,212
2,129
2,380
2,092
2,132
2,242
2,881
3,440
4,681
$23,034,850
24, 738, 179
26,152,664
26, 200, 382
28, 323, 044
27, 384, 846
32,195,852
51,988,388
59, 975, 236
54, 924, 860
1924 . ..
1925
1926
1927
1928
1929...
506
570
648
1930
656
1931
742
1932
797
For footnotes, see p. 188.
192
STATISTICS OF INCOME
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ' — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax
Returns showing no net
income 2
Number
MAINE
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
3,297
3,444
3,464
3,443
3,489
3,644
3,720
3,789
3,884
3,771
2,001
1,966
1,945
1, 972
2,072
2,092
2,095
1,888
1,535
713
$44, 434, 980
31.347,813
39,071,919
32, 528, 974
36, 574, 450
34,914,666
35, 378, 748
24, 232, 269
13,35.5,116
7, 923, 950
$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, 083, 799
1,296
1,478
1,519
1,471
1,042
1,133
1,180
1,476
1,806
2,614
Deficit
$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
49, 718, 595
Number
of returns
showing
no income
data —
Inactive
corpora-
tions 2
375
419
445
425
543
444
MARYLAND
1923_
1924.
1925.
1926.
1927.
1928.
1929.
19,30.
1931.
1932.
4,783
5,202
5,461
5,621
5,787
5,970
6,189
5,922
5,841
6,156
2,810
2,933
3,090
3,188
3,162
3,144
3,334
2,775
2,255
1,300
$99, 326, 345
83, 492, 835
103,664,691
118,165,800
104,113,296
156,351,052
165, 645, 057
116,375,490
76, 621, 803
56, 116, 518
$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
7, 712, 470
1,973
2,269
2,371
2,433
1,882
2,067
2,143
2,479
2,932
4,102
$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
135, 243, 043
743
759
712
668
654
754
MASSACHUSETTS
1923
15,861
17,101
16, 444
17,639
18, 182
18,851
19, 401
20, 070
19, 678
20, 016
9,486
9,412
9,631
9, 752
9,907
10, 266
10,383
8,316
6,727
3,476
$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
106, 655, 259
$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
14, 217, 215
6,375
7,689
6,813
7,887
7,149
7,501
7,980
10, 546
11,948
15, 396
$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
369, 373, 741
1924
1925
1926
1927.
1,126
1928.
1,084
1929
1,038
1930 .
1,208
1931 - .
1,003
1932
1,144
MICHIGAN
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
12, 174
12, 778
13,016
13,553
14, 120
14, 920
15, 543
15, 758
15, 287
14, 951
7,294
7,429
8,103
8,282
7,953
8, 655
8,631
6, 045
4, 562
2,063
$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
54, 022, 390
729, 137
869, 257
056, 344
183, 330
971,438
310, 239
628, 026
857, 774
122,517
219, 084
4,880
5, 349
4,913
5, 271
4,873
4,840
5, 448
8,063
9,124
11,247
$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
372, 480, 238
1,294
1,425
1,464
1,650
1,601
1, 641
MINNESOTA
1923
10, 568
10, 800
10, 733
10, 965
11,101
11,302
11, 482
11,476
11,403
11, 196
5,795
5,783
5, 999
5,870
6,910
6,229
6,316
5,491
4,364
2,030
$116,711,287
111,844,643
131,886,399
130, 211, 6,54
117,223,824
155,636,570
146,668,780
87, 556, 089
.57,311,241
31,114,577
$12, 604, 260
12,698,035
15,796,494
16, 1,'^5, 550
14, 227, 460
17, 090, 924
14, 697, 284
9, 224, 930
5, 990, 797
4, 166, 454
4,773
5,017
4, 734
5, 095
3,693
3,544
3, 563
4, 435
5,427
7,513
$36,011,169
41,333,313
31,810,112
31,055,904
36, 398, 263
28, 225, 755
32,732,271
60,139,408
105,601,407
143,425,653
1924
1925
1926
1927
1,498
1928
1,529
1929
1,603
1930
1,550
1931.- -
1,612
1932
1,653
For footnotes, see p. 188.
STATISTICS OF INCOME
193
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ^ — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax
Returns showing no net
income 2
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions 2
MISSISSIPPI
1923
1924
1925
1926.
1927,
1928.
1929.
1930.
1931.
1932.
5,922
1,977
1,999
2,113
2,240
2,432
2,562
2,604
2,585
2,446
2,775
1,305
1,447
1,413
1,435
1,482
1,493
1,044
782
367
$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
1, 127, 625
$13, 224, 817
1, 335, 653
1, 663, 545
1, 435, 100
1, 241, 953
1, 066, 132
1, 130, 678
512,460
266, 893
132, 743
2,479
672
552
700
674
780
894
1,293
1,461
1,778
$57, 807, 757
668
12,171,217
3, 797, 289
7, 404, 954
7,861,017
131
6, 779, 445
170
7, 728, 478
175
14,364,516
267
15, 105, 055
342
16, 047, 871
301
MISSOURI
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
14, 562
15, 139
15, 673
16, 145
16, 370
16, 751
17,223
17, 106
16, 767
16, 373
9,018
8,906
9,372
9,160
9,017
9,137
9,146
7,411
5,723
3,140
$227, 323, 356
225, 899, 300
272, 483, 866
267, 510, 006
239, 670, 651
256, 780, 500
262, 694, 594
162, 446, 149
101,314,752
78, 523, 767
$25,
26,
33,
33,
30,
27,
26,
17,
10,
10,
782, 472
039, 340
347, 365
947,811
280, 874
953, 085
786, 038
748, 477
871,634
553, 550
5,544
6,233
6,301
6,985
5,627
6,711
6,068
7,691
9,107
11, 243
$51, 267, 986
56, 248, 620
48, 706, 864
51, 022, 188
66,959,915
60, 573, 083
65, 537, 732
103, 085, 730
185, 866, 753
184, 322, 723
1,726
1,903
2,009
2,004
1,937
1,990
MONTANA
1923
1924
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
3,865
4,028
3,907
3,866
4,020
3,708
3,585
3,350
3,201
3,044
1,424
1,489
1,609
1,686
1,837
1,933
1,822
1,419
1,099
529
$8, 815, 440
8, 948, 562
11,841,163
13, 936, 917
13, 312, 092
14, 643, 477
11,941,519
5, 581, 686
3, 285, 696
1, 047, 800
$876, 050
841,019
1, 196, 446
1, 519, 524
1, 361, 229
1, 249. 331
940, 562
378, 965
250, 855
121, 355
2,441
2,539
2,298
2,180
983
960
1,070
1,454
1,729
2,153
$12, 343, 115
8, 765, 873
7, 716, 215
6, 642, 616
9, 342, 514
5, 483, 184
6, 769, 981
10, 628, 715
17, 488, 714
11,789,782
1,200
815
693
477
373
362
NEBRASKA
1923
1924
1925
1926
1927
1928
1929
1930.
1931.
1932
4,858
4,679
4,583
4,594
4,716
4,836
4,725
4,786
4,860
4,694
2,857
2,896
2,868
2,815
2,958
3.060
2,969
2,708
2,071
958
$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
7, 138, 206
555, 243
762. 866
317,807
122, 134
981, 537
882, 277
662. 466
043, 076
087, 290
948. 009
2,001
1,783
1,715
1,779
1,296
1,251
1,352
1,705
2,355
3,308
$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
27, 802, 817
462
525
404
373
434
428
NEVADA
1923
1924
1925
1926
1927
1928
1929
1930
1931.
1932.
1,156
337
1,049
327
1,029
351
969
326
874
314
1,026
353
1,033
351
1,022
309
997
301
938
108
$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
6, 461, 945
$225. 107
147, 158
214, 831
315, 794
486. 925
736. 162
971. 353
594, 841
754, 270
895, 820
819
722
678
643
253
281
315
401
410
542
$3, 293, 952
3, 378, 237
6, 442, 370
3, 076, 990
3,412,418
4, 601, 795
4, 329, 528
5, 845. 095
4. 777, 374
6, 020, 788
307
392
367
312
286
288
For footnotes, see p. 188.
194
STATISTICS OF INCOME
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, 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
Returns showing no net
income ^
Number
Deficit
NEW HAMPSHIRE
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1,121
1,175
1,198
1,183
1,227
1,322
1,349
1,396
1,345
1,333
750
704
758
715
754
767
803
707
687
329
$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
2,151,211
$1,404,078
929, 840
1, 168, 632
1, 064, 656
1, 240, 353
1, 167, 830
1,116,811
720, 031
362, 049
277, 082
371
471
440
468
399
466
477
621
687
934
$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
10, 576, 738
NEW JERSEY
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
13, 062
14, 229
15, 151
17, 480
19, 143
20, 509
21, 885
22, 489
22, 967
23, 278
8,120
8,580
9,494
10,413
10, 783
11,310
11, 646
9,945
8, 449
3,128
$273,
260,
331,
342,
349,
376,
444,
224,
157,
106,
897, 476
526, 000
624, 315
090, 109
484, 078
247, 302
894, 582
871,340
129, 476
566, 034
$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
14, 036, 914
4,942
5,649
5,657
7,067
6,863
7,605
8,468
10,711
12,515
17, 955
$53, 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
359, 854, 886
NEW MEXICO
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
953
1,037
941
1,108
1,019
1,103
1,126
1,136
1,172
1,197
424
413
435
471
495
541
558
491
375
188
$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
411,631
$269, 960
270, 885
311, 179
395, 119
417,713
415,303
353,891
178,817
67, 957
47,015
529
624
506
637
283
282
300
430
558
738
$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
4, 534, 644
NEW YORK
1923
69, 863
75, 043
79,414
89, 617
96, 949
103, 372
107, 300
111,100
110,851
109,931
40, 848
43, 406
46, 838
51,424
53, 051
55, 008
55, 304
47, 674
39, 271
15, 599
$2, 156, 929, 895
2, 096, 541, 720
2,598,418,524
2, 770, 885, 150
2, 545, 506, 995
3,248,916,408
3,646,921,991
2,091,540,171
1,216,637,360
700, 156, 471
$248, 108, 254
246, 109, 308
322, 979, 149
356, 408, 976
324, 572, 838
367,733,278
383,110,174
238, 010, 215
135,401,630
94, 738, 913
29, 015
31,637
32, 576
38, 193
36, 108
40,062
43, 865
54, 627
62, 639
85, 234
$537, 455, 537
520,316,060
455, 798, 999
517,071,252
576,624,818
573,651,985
854, 292, 019
1, 355, 500, 331
1,918,458,514
2, 185, 749, 373
1924
1925
1926
1927
7,790
1928
8,302
1929
8,131
1930..-
8,799
1931
8,941
1932
9.098
NORTH CAROLINA
1923
5, 987
6, 085
6, 267
6,450
6,501
6. 609
6,570
6,544
6, 219
5,802
3,810
3,529
3,762
3,686
3,688
3,462
3,009
2, 161
1,819
1,080
$107,931,479
83,731,523
106,623,327
102, 878, 778
114,607,046
96, 562, 498
104,313,766
73, 172, 101
71,192,986
62, 686, 961
$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
8, 565, 004
2,177
2, 556
2, 505
2, 764
2,308
2,667
3,011
3,732
3,803
4.241
$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
51,134,280
1924
1925
1926
1927
505
1928
1929
540
550
1930
651
1931
697
1932
481
For footnotes, see p. 188.
STATISTICS OF INCOME
195
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ^ — Continued ,
Total
number
of re-
turns
Returns showing net income
Returns showing no net
income 2
Number
of returns
showing
Year
Number
Net income
Tax
Number
Deficit
no mcome
data^
Inactive
corpora-
tions 2
NORTH DAKOTA
1923
2,938
3,084
3,245
3,445
3,471
3,528
3,425
3,574
3,548
3,239
1,334
1,601
1,684
1,552
1,695
1,737
1,467
1,183
826
487
$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
826, 590
$215, 939
443, 397
547, 214
421, 660
399, 437
320, 818
251, 247
132, 594
94, 476
101,716
1,604
1,483
1,561
1,893
943
972
1,085
1,458
1,735
1,910
$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
6, 595, 575
1924 .
1925
1926
1927
833
1928
819
1929
873
1930
933
1931-
987
1932.
842
OHIO
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
22, 097
22, 754
23, 239
23, 475
24, 305
24, 722
25, 173
25, 459
25, 462
24, 919
13, 758
13, 369
14, 266
14, 266
14, 020
14, 344
14, 299
10, 676
8,318
3,969
$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
114,480,938
$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
15, 124, 286
8,339
9,385
8,973
9,209
8,901
8,942
9,515
13, 365
15,457
19, 399
$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
478, 596, 650
1,384
1,436
1,359
1,418
1,687
1,551
OKLAHOMA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
5,709
5,729
5,608
5,835
6,132
6,456
6,671
6,944
6,558
6,092
2,615
2, 929
3,141
3,299
3,271
3,512
3,649
2,948
1,717
1,030
$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
20, 218, 027
$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
2, 610, 681
3,094
2,800
2,467
2,536
2,090
2,177
2,169
3,073
4,054
4,369
$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
83, 667, 892
771
767
853
923
787
693
OREGON
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
5,301
5,647
5,850
6,144
6,350
6,673
6,863
7,012
6,880
6,446
2,592
2,733
2,910
3,003
3,028
3,131
3,105
2,590
1,910
779
$35, 418,
29, 088
28, 652,
26, 867,
23, 694,
29, 384,
30, 026,
17, 009,
8, 936,
3, 055,
795
365
483
,008
486
715
503
781
249
$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
371, 424
2,709
2,914
2,940
3,141
2,172
2,232
2,345
2,979
3,467
4,336
$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
51, 923, 939
1,150
1,310
1,413
1,443
1,503
1,331
PENNSYLVANIA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
22, 656
23, 429
23, 502
24, 173
24,883
25, 558
26, 357
26, 577
26, 448
26, 800
13,478
12, 988
13, 569
13, 820
13, 193
13, 370
13, 880
11,254
8,452
4,546
$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
164, 050, 423
$104, 619, 295
87, 512, 252
111,207,111
122, 361, 366
104, 134, 847
104, 000, 212
112,112,660
64, 380, 325
27, 370, 867
21,983,310
9,178
10, 441
9,933
10, 353
9,330
9,665
9,795
12, 549
15,183
19, 143
$136, 776, 201
158, 156, 630
151, 087, 052
150, 306, 532
188,396,811
181, 313, 094
193, 501, 282
316, 422, 080
476, 652, 171
567, 085, 274
2,360
2,523
2,682
2,774
2,813
3,111
For footnotes, see p. 188.
196
STATISTICS OF INCOME
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax i— Continued
Total
number
of re-
turns
Returns showing net income
Returns showing no net
income 2
Number
of returns
showing
Year
Number
Net income
Tax
Number
Deficit
no income
data-
Inactive
corpora-
tions 2
RHODE ISLAND
1923---
2,353
2,455
2, 503
2,566
2,688
2,871
2,964
3,068
3,127
3,134
1,441
1,310
1,419
1,368
1,536
1,628
1,650
1,370
1,217
562
$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
9, 289, 627
$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
1, 147, 350
912
1,145
1,084
1,198
947
1,000
1,067
1,450
1,655
2,327
$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
62, Oil, 789
1924-.-
1925
1926
1927
205
1928
243
1929
247
1930
248
1931
255
1932
245
SOUTH CAROLINA
1923---
4,171
4,104
3,924
3,822
3,713
3,817
3,759
3,626
3,610
3,404
2,368
2,111
2,158
1,768
1,768
1,710
1,597
1,229
980
511
$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, 447, 571
$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
432, 917
1,803
1,993
1,766
2,054
1,548
1,709
1,775
2,031
2,244
2,511
$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
20, 668, 110
1924
1925
1926
1927 -.
397
1928-
398
1929-
387
1930-.
366
1931-. --
386
1932 --
382
SOUTH DAKOTA
1923-
2,856
2,970
2,838
2,872
3,008
2,954
3,071
3,127
3,132
3,023
1,536
1,559
1,576
1,354
1,665
1,712
1,685
1,514
1,093
473
$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
699, 076
$296, 618
355, 445
426, 159
256, 921
387, 136
394, 344
394,531
293, 708
117,917
83, 658
1,320
1,411
1,262
1,518
704
677
816
998
1,361
1,900
$4, 062, 127
4, 022, 924
3, 357, 254
3, 926, 672
2, 893, 846
2, 330, 842
2, 783, 080
3,441,056
5,022,415
5, 853, 420
1924 -
1925 -
1926
1927
639
1928 -
565
1929- - -
670
1930-
615
1931- ..-
678
1932
650
TENNESSEE
1923 - .
4,860
5,100
4,801
4,955
5,039
5,213
5, 338
5,408
5,312
6,199
3,084
3,074
3,047
3,047
3,054
3,039
3,032
2,463
1, 832
1,010
$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
12, 997, 102
$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, 699, 865
1,776
2,026
1, 754
1, 90S
1,577
1,747
1,852
2,483
3,007
3,678
$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
42. 421, 675
1924
1925
1926 . -
1927
408
1928
427
1929-
454
1930 -
462
1931
473
1932 -.
511
TEXAS
1923
10, 227
10, 787
11,245
11,970
12, 930
14, 238
14, 552
15, 431
15, 225
15, 154
6,273
6,815
6,890
7, 253
7,524
8,293
8, 156
6, 600
5,210
2,982
$102,801,770
150,501,590
200, 658, 194
199, 524, 527
142,338,038
173,980,186
189,131,053
97, 054, 498
45,981,355
40, 857, 630
$11,038,403
10, 819, 180
24, 862, 385
24, 803, 040
17, 051, 098
18,441,180
18, 193, 363
9, 738, 593
4,310,682
4,712,524
3,954
3,972
4, 355
4,717
4,353
4,761
5, 243
7,362
8,582
10, 653
$68, 461, 272
50, 576, 805
45. 913, 933
62,191,007
67,302,815
68.852,115
66. 898, 581
100, 850, 621
152,978,375
150,412,802
1924
1925
1926
1927..
1,053
1928 -.
1,184
1929
1,153
1930-
1,409
1931 -
1,427
1932-.
1,519
For footnotes, see p. 188.
STATISTICS OF INCOME
197
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax ' — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax
Returns showing no net
income ^
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions 2
UTAH
1923
3,045
3,096
3,120
3,083
3,125
3,508
3,245
3,301
3,135
2,901
1,468
1,483
1,635
1,537
1,589
1,712
1,646
1,392
977
419
$22, 517, 474
19, 351, 555
21, 297, 449
18, 565, 796
17, 178, 821
20, 363, 458
19, 932, 652
11, 322, 667
5, 055, 654
1, 573, 193
$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
206, 062
1,577
1,613
1,485
1,546
913
932
888
1,173
1,516
1,909
$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
18, 527, 233
1924.
1925
1926
1927
631
1928
866
1929
423
1930
247
1931.
617
1932
573
VERMONT
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1,038
1,060
1,088
1,096
1,089
1,112
1,120
1,120
1,169
1,174
755
683
708
699
683
724
704
572
420
221
$12, 163, 457
9, 133, 396
10,237,937
10, 429, 322
9, 926, 674
10, 314, 266
10, 254, 589
5, 287, 457
1, 932, 563
1, 209, 737
$1, 261, 188
1,011,271
1, 218, 235
1, 230, 132
1, 164, 237
1, 038, 308
962, 763
491, 254
154, 727
158, 050
283
377
380
397
348
342
357
492
693
$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
10, 089, 924
VIRGINIA
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
5,957
6,018
6,214
6,358
6,485
6, 785
7,168
7,139
7,071
6,915
3,711
3,675
3,834
3,795
3,795
3,835
3, 837
3,241
2,730
1,490
$94, 500, 115
82, 085, 981
112,238,006
135, 858, 624
123, 647, 900
118, 504, 599
132, 956, 424
110,674,829
76, 746, 389
36, 692, 458
$10,
9,
13,
17,
15,
13,
13,
12,
835,110
392, 478
405, 461
283, 674
770, 458
166, 376
793, 936
519, 433
662, 031
972, 267
2,246
2.343
2,380
2, 563
2,137
2,337
2,613
3,185
3,661
4,765
$27, 6.36, 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
62, 778, 864
553
613
718
713
680
660
WASHINGTON
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
9,786
10, 095
10, 191
10, 748
10,977
11,847
12, 159
12, 709
13, 091
12, 328
4,855
5,259
5,305
5,355
5,874
5,924
4,934
3,916
1,654
$83, 737, 488
54, 809, 158
63, 838, 646
63,300,511
62, 700, 449
75, 391, 047
76, 230, 227
31,491,683
17, 607, 970
7, 744, 057
$8, 999, 412
5, 850, 662
7, 122, 278
7,285,819
7, 222, 231
7, 419, 216
6, 985, 766
2, 685, 657
1, 396, 507
953, 537
4,902
5,240
4,932
5,443
3,748
3,799
4,058
5,306
6,388
8,150
$26, 503, 053
31,770,309
29, 367. 037
33, 503, 266
33, 997, 344
31, 004, 392
31, 683, 927
57,351,262
83, 322, 824
85, 440, 174
1,874
2,174
2,177
2,469
2,787
2,524
WEST VIRGINIA
1923.
1924
1925.
1926
1927
1928
1929
1930
1931
1932
5, 062
5, 366
5, 205
5,142
5, 259
5, 145
5,173
5, 101
4, 953
4,807
3,088
2,818
2,843
3,000
2,928
2,773
2, 873
2,477
1,900
9G2
$73, 477, 884
50, 065, 172
64, 525, 291
76, 151,591
57, 023, 969
51,922,822
59,016,703
27, 487, 239
16, 445, 207
7, 914, 672
$8, 344,
5, 635,
7, 632,
9,415,
6, 995,
5, 445,
5, 757,
2, 646,
1,586,
1, 038,
0V,o
527
661
061
769
406
Oil
573
022
708
1,974
2,548
2,362
2,142
1,825
1,910
1,843
2,108
2,508
3,344
$20, 016, 457
2S, 027, 542
23, 393, 066
18, 899, 981
23, 073, 304
19, 963, 689
17, 257, 822
21,379,803
38, 950, 365
37, 569, 456
486
462
457
516
545
501
For footnotes, see p. 188.
198
STATISTICS OF INCOME
Table 19. — Corporation returns for 1923 to 1932 by States and Territories, showing
for returns with net income, no net income, and no income data, number of returns,
net income or deficit, and tax • — Continued
Year
Total
number
of re-
turns
Returns showing net income
Number
Net income
Tax
Returns showing no net
income ^
Number
Deficit
Number
of returns
showing
no income
data-
Inactive
corpora-
tions 3
WISCONSIN
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
12, 797
13, 144
13, 489
13, 827
14, 456
15, 393
15, 836
16, 009
16,311
16, 203
7,881
7,679
8,141
8,253
8,567
8,828
8,810
6,777
5,199
2,806
$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
19, 848, 231
$16, 386, 929
15,113,200
20, 325, 149
23, 192, 758
23,117,908
20, 122, 264
19, 928, 164
10, 920, 503
5, 100, 251
3, 060, 931
$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
149, 785, 121
1,717
1,884
1,947
1,998
2,045
2,221
WYOMING
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1,636
1,527
1,451
1,418
1,402
1,441
1,468
1,440
1,416
1,495
747
761
789
776
788
881
798
721
580
246
$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
527, 547
$512,562
391,311
884, 463
533,681
491, 747
456, 749
262, 169
202,889
91,161
58, 628
889
766
662
642
413
364
450
492
634
1,039
$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,
6, 349, 990
201
196
220
227
202
210
For footnotes, see p.
REVENUE ACTS OF 1909 TO 1932
SYNOPSIS OF
INCOME AND PROFITS TAX RATES
ESTATE AND GIFT TAX RATES
CREDITS AND EXEMPTIONS
AFFECTING THE COMPARABILITY OF DATA
IN "STATISTICS OF INCOME"
199
REVENUE ACTS OF 1909 TO 1932, SYNOPSIS OF INCOME AND PROFITS
TAX RATES, ESTATE AND GIFT TAX RATES, CREDITS, AND EXEMP-
TIONS 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 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.
GIFTS
F. Federal gift tax rates and specific exemption under the Revenue
Acts of 1924 and 1932.
201
202 STATISTICS OF INCOME
A. — Individuals required to file returns, personal exemption, credit for dependents,
Revenue Act
1913 (Oct. 3, 1913)
1916 (Sept. 8, 1916; amended
Mar. 3 and Oct. 3, 1917).
1917 (Oct. 3, 1917) --.
1918 (Feb. 24, 1919)..
1921 (Nov. 23, 1921).
1924 (June 2, 1924)..
1926 (Feb. 26, 1926).
1928 (May 29, 1928).
1932 (June 6, 1932)..
Applicable to citizens and residents of the United States
Income year
Mar. 1, 1913, to Dec.
31, 1915.
1916..-
1917-
1918-
1919, 1920-
1921
1922
1923 If
1924-
[1925-
1926-
;i927-
'1928-
1929-
1930-
a931.
1932.
Individuals required to file returns 2
Married and living
vrith husband or wife <
Net in-
come *
$3, 000
3,000
2,000
2,000
2,000
2,000
2,500
3,500
» 3, 500
2,500
Gross in-
come re-
gardless
of amount
of net in-
come
$5, 000
5,000
5,000
5,000
5,000
Single, or married and
not living with hus-
band or wife
Net in-
come 5
$3, 000
3,000
1,000
1,000
1,000
1,000
1,000
1,500
1,500
1,000
Gross in-
come re-
gardless
of amount
of net in-
come
$5, 000
5,000
6,000
5,000
5,000
See footnotes on pp. 204 and 205.
STATISTICS OF INCOME 203
and normal tax rates under the Revenue Acts of 1913 to 1932, inclusive
Applicable to citizens and residents of the United States
Applicable to nonresident aliens •
Personal exemption and credit
for dependents 3
Net income subject
to normal tax a
Normal
tax rate
(per-
cent)
Personal exemption
Credit
for de-
pend-
ents 8
Married
and living
with hus-
band or
wife, or
head of
family '
Single, or
married
and not
hving
with hus-
band or
wife, and
not head
of family '
Nor-
mal
tax
rate'
(per-
cent)
Married
and living
with hus-
band or
wife, or
head of
family '
Single, or
married
and not living
with husband
or wife, and
not head of
family '
Credit
for de-
pend-
ents 8
$4. 000
4,000
2,000
2,000
2,000
11 2, 500
2,500
3,500
3,500
2,500
$3, 000
3,000
1,000
1,000
1,000
1,000
1,000
1,500
1,500
1,000
None
None
$200
200
200
400
400
400
400
400
All....
1
2
2
4
6
12
4
8
4
8
2
4
6
IH
3
5
IVi
3
5
14 2
14 4
3
5
W2
3
5
4
8
None
$4, 000
1 None
} «
} (•)
j 1,000
1, 000
■ 1, 500
■ 1, 500
• 1, 500
1, 500
• 1, 500
} 1, 000
None
$3, 000
None
(»)
(«)
1,000
1,000
1,500
1,500
1,500
1,500
1,500
1,000
None
None
None
(«)
(»)
12 None
(12)
(12)
(12)
(12)
(12)
(12)
(12)
1
All
2
/First $2,000
\Balance over $2,000..
/First $4,000
2
\BaIance over $4,000..
/First $4,000
IBalance over $4,000- _
/First $4,000
8
\Balance over $4,000..
First $4,000
13 8
Second $4,000
Balance over $8,000. .
First $4,000
13 6
Second $4,000
Balance over $8,000..
/IFirst $4,000
13 5
{Second $4,000
iBalance over $8,000.
IFirst $4,000 ..
13 5
•^Second $4,000
[Balance over $8,000.
IFirst $4,000
13 14 4
■^Second $4,000
IBalance over $8,000.
(First $4,000
13 5
^Second $4,000
I IBalance over $8,000.
( First $4,000
13 5
IBalance over $,4000..
61684—34-
204
STATISTICS OF INCOME
[Footnotes for table A.]
' Kequired to file incon.e tax returns for all income derived from sources within the United States, re-
gardless of amount unless total tax has been paid at source.
2 (a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to file returns on a cal-
endar year basis, while under the Revenue Act of 1918 and subsequent years, leturns are i ermitted for
a fiscal year other than that ending Dec. 31. (6) For the jears 1913, 1914, and 1915, citizens or residents
of the United States whose net income was less than $20,000 and for whom a full return was made by with-
holding agents, were not required to file returns, (c) For 1921 and subsequent years citizens deriving a
large portion of their gross income from sources within a possession of the United States are lequired to
file ' eturns for all income derived from sources within the United States or income from sources within or
without the United States received within the United States, regardless of amount. (See sec. 262 of the
Revenue Acts cf 1921, 192-1, and 1926, and sec. 251 of the Revenue Acts of 1928 and 1932.) (d) For 1925 and
subsequent years American citizens who are nonresidents of the United States for more than 6 months
of the year are not required to report earned income from sources without the United and are not required
to file returns unless their gross income, exclusive of earned income from sources without the United States,
exceeds $.'i,000; or unless their net income, exclusive of earned income from sources without the United
States, exceeds the amount indicated above under "Individuals required to file returns. "(See also (c)
above.) For 1932 and subsequent years income from sources without the United States does not include
amounts paid by the United States or any agency thereof. (See sec. 116 (a). Revenue Act of 1932.)
3 Not applicable to citizens deriving a large portion of their gross income from sources within a possession
of the United States, for 1921 and subsequent years. Such citizens are entitled to the personal exemption
and credit for dependents shown in this table for nonresident aliens, for 1921 and subsequent years.
* Husband and wife each to file a return unless combined income is included in joint return.
5 Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined
in the various revenue acts. Net income has been adjusted from time to time as follows:
(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or
after Apr. fi, 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.
(b) Contributions to charitable and scientific organizations, etc., not exceeding 15 percent of the net
income before deducting the contributions, are deducted for 1917 and sub.'-equent years. For unlimited
deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Acts
of 1928 and 1932.
(c) Los.ses sustained in transactions entered into for profit but not connected with business or trade are
not deductible for 1913 to igi.";, inclusive. For 1916 and 1917 such losses are deductible to the extent of
the aggregate income from such transactions, for 1918 to 1931, inclusive, such losses are wholly deductible,
excepting that for 1924 and sub.sequent years the loss, if incurred through the sale of capital assets held
for more than 2 years, is deductible from total tax, to the extent of 12}^ percent of the loss. (See table C.)
For 1932, losses from sales or exchanges of stocks or bonds (other than capital assets held for more than 2
vears, and other than bonds issued by a government or political subdivision thereof) are allowed only to
the extent of the gains from such sales or exchanges. The Revenue xict of 1932 provides that any excess
loss thus disallowed, computed without regard to any lo.sses sustained during the preceding taxable year,
is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustained
in the succeeding taxable year fiom sales or exchanges of stocks or bonds other than capital assets. (See
sec. 23 (r) (2), Revenue Act of 1932.) However, section 218 (b) of the National Industrial Recovery Act
repeals, effective as of Jan. 1, 1933, section 23 (r) (2) of the Revenue Act of 1932, thereby limiting the appli-
cation of losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from similar
transactions during the same taxable year and prohibiting the carrying forward and application of such
losses to gains from similar transactions in the succeeding taxable year. Under the Revenue Act of 1932,
the limitation on the deduction of losses from sale or exchange of stocks or bonds does not apply to persons
dealing in securities or carrying on the banking business (see sec. 23 (r) (3), Revenue Act of 1932). How-
ever, sec. 218(c) of the National Industrial Recovery Act amends, effective as of Jan. 1, 1933. section 23 (r) (3)
of the Revenue Act of 1932, by removing the exemption from the stock -loss limitation allowed to persons
carrying on the banking business, thereby limiting the application of losses from the sale or exchange of
stocks or bonds (other than capital assets) to gains from similar transactions and prohibiting the use of such
losses to reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act also
amends, effective as of Jan. 1, 1933, section 182 (a) cf the Revenue Act of 1932 by removing the privilege
of individual members of a partnership to reduce their individual net incomes by their proportionate
.shares of a net loss incurred by the partnership through the sale or exchange of stocks or bonds (other than
capital assets). . , ,.
(d) Net loss for prior year resulting from the operation of any trade or busmess regularly earned 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. I,"l920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the jire-
ceding 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
succeeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year
beginning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if
such net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed
in the next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 and suc-
ceeding years shall be allowed as a deduction in computing net income for the next succeeding taxable year
only. (See .sec. 23 (i) and sec. 117, Revenue Act of 1932.) However, sec. 218 (a) of the National Industrial
Recovery Act repeals, effective as of Jan. 1, 1933, sees. 23 (i) and 117 of the Revenue Act of 1932, thereby
removing the privilege of deducting from the net income for the current taxable year a net loss for the pre-
ceding taxable year.
6 Net income subject to normal tax is all net income after deducting the .sum of: (a) personal exemption,
(h) credit for dependents, (c) dividends on stock of domestic corporations (other than those deiiving a
large portion of their gross income from sources within a possession of the I'nited States, 1921 and subse-
quent vears, and other than China Trade Act corporations, 1922 and subsequent years, and other than
corporations e.xempt from tax for 1932 and subsequent years), (rf) dividends on stock of foreign corpora-
tions receiving a certain amount of income from sources within the United States, 1913 and subseciuent
years, (e) income the tax upon which has been r'aid or withheld for payment at the source of income for
the years 1913 to 1917, inclusive, ( f) interest not wholly tax exempt on United States obligations issued
after Se|)t, I, 1917. ^ ,..,,, .
^ No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to
Dec. 31, 1913. „ i, . „
8 For each dependent under 18 years of age or incapable of self-support because mentally or physically
defective.
STATISTICS OF INCOME
205
F 9 Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit
forSdeoeSt ($200) only when the country of which nonresident aUen is a citizen either imposes
S^ income Kallo^^^^^^ credit to citizens of the United States not residing within such foreign
'^°'^ Ta^'for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924.
11 For net incomes of $3,000 and over, personal exemption is $2,000. ^ /r-. j ht
12 For fgl^ Subsequent years, if nonresident alien is resident of contiguous country (Canada or Mex-
"?3^ Fri9-1!nd^Squenryea'rral^^^^ of contiguous countries (Canada or Mexico) on net
incoS^ atlTbuteble to compenLtion for labor or personal services actually performed m the United States
receive benefit of normal tax rate provided for United States citizeiis rprl.ipine rates of
H See joint resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates ot
income tax for 1929.
206
STATISTICS OF INCOME
B. — Individual surtax rates under the-
Net income
Act of 1913 on in-
Act of 1918 on in-
comes
for Mar.
Act of 1916 on in-
Act of 1917 on in-
comes for 1918,
1919,and 1920,and
Act of 1921 on in-
Exceed-
Not ex-
1, 1913
1915
-Dec. 31,
comes
or 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
40
50
110
190
215
6
7.5
8
10
12
12.5
1
2
2
3
3
25
35
75
135
150
2
2
3
4
5
7.5
8
10
12
12.5
13
14
15
16
18
20
22
4
4
4
5
5
5
8
170
210
250
300
400
500
660
5
5
6
6
7
8
9
240
290
350
410
550
710
890
13
14
15
16
18
20
$26"
$26'
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
2,580
20
4,190
44
46
260
2
320
12
2,820
21
4,610
46
48
280
2
360
12
3,060
22
5,050
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
25
6,490
54
56
2
420
2
520
12
4,020
26
7,010
56
58
2
460
2
560
■ 12
4,260
27
7,650
58
60
2
500
2
600
12
4,500
28
8,110
60
62
2
640
3
660
17
4,840
29
8,690
62
64
2
580
3
720
17
5,180
30
9,290
64
66
2
620
3
780
17
5,520
31
9,910
66
68
2
660
3
840
17
5,860
32
10, 550
68
70
2
700
3
900
17
6,200
33
11,210
70
72
2
740
3
960
17
6,540
34
11,890
72
74
2
780
3
1,020
17
6,880
35
12, 590
74
75
2
800
3
1,050
17
7,050
36
12, 950
75
76
3
830
3
1,080
17
7,220
36
13, 310
76
78
3
890
3
1,140
17
7,560
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, 4.30
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
25, 800
52
49, 510
150
200
4
5,550
6
7,500
31
41,300
56
77, 510
200
250
4
7, 550
7
11,000
37
59, 800
60
107, 510
250
300
5
10, 050
8
15,000
42
80, 800
60
137, 510
300
400
5
15,050
9
24, 000
46
126,800
63
200, 510
400
500
5
20, 050
9
33, 000
46
172,800
63
263, 510
500
750
6
35, 050
10
68, 000
50
297, 800
64
423, 510
7.50
1,000
6
50, 050
10
83, 000
55
435, 300
64
583, 510
1,000
1,500
6
80, 050
11
138, 000
61
740, 300
65
908, 510
1,500
2,000
6
110,050
12
198, 000
62
1, 050, 300
65
1, 233, 510
2,000
6
13
63
65
STATISTICS OF INCOME
Revenue Acts of 1913 to 1932, inclusive
207
Net income
Act of 1926 on in-
Act of 1921 on in-
comes for 1922
and 1923 i
Act of 1924 on in-
comes for 1924
comes for 1925,
1926, and 1927,
and Act of 1928 on
incomes for 1928,
Act of K
comes
Exceed-
Not ex-
32 on in-
fer 1932
ing
ceeding
1929, 1930, and
1931
Rate
Total
Rate
Total
Rate
Total
Rate
Total
Thousand
5
6
7.5
8
10
s of dollars
6
7.5
8
10
12
{percent)
surtax
(percent)
surtax
(percent)
surtax
(percent)
surtax
---
__
1
1
2
$15'
20
40
80
1
1
2
20
40
..
$20"
r
$20
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
80
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
6, 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
1,041,460
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.
208
STATISTICS OF INCOME
y " cfi « o m
Eh "
•gS el's g o '^"S'g » S s"S2 a o o "
IT) M a> -wCS ,
-2 OJ'".
g 3 o
->1
2 « c
'I' rt a>
^ fl S.
"go
o o
cd w t^
S 03 c
X 03fl
E-i
°a
=3S o.H«3
o 9
oQ 2-2 o
§S_.a tn ^
X ■"?!!" ® 3
.3 « CO 3 o,
a; o X s ."1
'C <= <" g bf.
« «5 C 2 P '
S S t5'» ;i2 g 3 „ ^'S- «g fc g CO °'S. » "
»2^go"o«"P'^8°o'3ggT3 8
* (-1 t/"J ■"■ ryi P 0< U. to '^
3J^+^ajScdp^?J-*^
<M Pj
o'o"
> aT3 8 '
1 CD <U jj
1 nt- oj
£75 O -H
r-c C^ (>»
-OS o>
00 -H -^
STATISTICS OF INCOME
209
03 dJ fe O
fe o
lO
tf o IS o
sg e-9
O C3 ^ p
in
xO o X O !-
. n_, a a
o o oi C. a£
"" 9-" o-K =io
O OJ
fl H
o ^
~ O 03 O
<1
as
^ o
3 0) a*
-2 S
>» a> S a)
o "I -a 53
3-w -o
.9o o
;:?«/> oi 3 c
(-1 'O
Sxjg-^a*
*a«g_s§?.
o ^-1 "co o3 55
ftS S 03 --^ 3
03 CP -w O-wTJ
O
oofe
■B 2
O 03
- ^So— o P a
'P>r303p'r3 03c3
I P<N C'g
(B 0/ P.X ca
*:?; Q. - 03
03 c^ tlX3-*.J
0,x'3.03
03*J _ '
^ o.R
O.J5_o
pS
a p
- o) a
p O o
M-2 •- " '.
?5S-«aS,SH
O p S-i-^l M.J^ p >>-- <U
Xioaj^-P-o'-os^u
o-^Ti^oia-aS-^
t5g.-5g-2'^a".cg
* 9| ■SpcS-Sg.
'3 S,_ «"« Plla05^o3„M
g g^-C 4^3 .ii 0) is . p o bt'C ca
°'- 03 (X) ■— .-. o — ' e*i— 'O QJ
2xo3o3SSo32'-'S£o3g
Pc34^opaoPOX3R-wg
-'
S'
'-I
CTDO
'-'
_H
'^
'"'
^
'^
P53
£ ^
§1
Sg
CO c3
« taOt-'
■O A o aj
s.ai
a Si: .a
o 3 S
1920.
hout the Un
J within a po
States. For
permitted t
_p'a p
,— S o3
poo <0
TJ -r S 'O •"
919, an
urces V.
m sour
3 Unite
credit
Sdo £
-SS-RS
.H 03 t. 03 O j
^"2
03 a«
!S 2 S
03X3 O
q; ^ t_,
>>_ OJ
<C O ft
7; I- a>
■§ga
> 03 O
a bc9
;n.g§
g.Sg
;.9£S^ s
03 •;
as
n3
9 n-^.2
® P —
P ftr
3o>
a «£S
£ S2.9
•3 a^s
■o *^g£^
s ^" >
s gS.°^
P -^^t- o
p.-*
SS 53 0"S is
5-9-Spa
g 03*^ „ O
o X fl 3 p
p5'§'S§'
S5«»T3
■«■" °.a'3
rro 0.0 a^
S 2 a—
X '^ 3' o! 2
£ Ojj £ m
S t; m m 2
2 ® o S "
"" i2 , tD 3
5^, — .53 M 03
'cg2£a
fa
S >> o a, o
a a« a "
-§ t-B 8 i
® ^ bi a -
'^ °3 fe ^ p
SS"'^ 2
flp*S^^
OJ o
g.3
*i is I
(D 03 p
03"
gx) p
r-3 ® to
O Q ti
T3 cfl 1
p g J
p 03'y '^ d
£»«
.2 jSr^S
5.^ 3 "
- ?; p
•aPbSoas^f
oi-a 3 p
=3^ o g a ^ p '^ S
o>ip9h,o>><D
te o3 . ~ p i> •>,■
Cc
p::^^
q; I
*-■ P a*
o S g I
'" S p ;
'.9 ° >
^± ^x:''
.^
u.
.^
3
J^
^-.
7-1
L-i
n
r
Z
^
Q
a
0)
t*
X3 M
4)
^-^
^•2 85
33MO.Q
CO P.O'O "^3
w p cob o"^ t-S"
t|.3«il>_.3"~o
o ajja^g-g 03 o >,
:7 m _. _H ^ ^ fL, 4j
9 S-3 ^
•2 S p 2
w >>.3 S
^«
a;
210
STATISTICS OF INCOME
D. — Corporation income and profits tax rates and credits^
Income year
Income tax
Revenue Act
Specific
credit 2
Taxable income
Rate
(percent)
1909 (excise tax) (Aug.
5, 1909).
1913 (Oct. 3, 1913)— . .
1909 to Feb. 28,
1913.
Mar. 1, 1913, to
Dec. 31, 1915.
1916
$5, 000
None.
None.
None.
$2, 000
2,000
2,000
2,000
2,000
2,000
2,000
3,000
3,000
3,000
3,000
None.
Net income < in excess of specific credit.
All net income ..
1
1
1916 (Sept. 8, 1916;
do
2
amended Mar. 3, 1917,
and Oct. 3, 1917).
1917 (Oct. 3, 1917)
1917
Dividends out of earnings from Mar. 1,
1913. to Dec. 31, 1915.
Net income in excess of the sum of (1)
excess-profits tax for thie current year,
and (2) dividends received out of
earnings from Mar. 1, 1913, to Dec.
31, 1915.
Net income in excess of the sum of (1)
excess-profits tax for the current year
and (2) dividends received out of
earnings from Mar. 1, 1913, to Dec.
31, 1917.
Net income in excess of the sum of (1)
the specific credit, (2) excess-profits
and war-profits taxes for current year,
and (3) interest received on United
States obligations issued after Sept.
1, 1917.
Net income in excess of the sum of (1)
the specific credit, (2) excess-profits
tax for current year, (3) excess-profits
and war-profits taxes on income from
Government contracts, (4) interest
received on United States obliga-
tions issued after Sept. 1, 1917, and
(5) War Finance Corporation bonds
not e.xempt.
do
1
1918 (Feb. 24, 1919)
1918—
2
4
12
1921 (Nov. 23, 1921)
1924 (June 2, 1924)
1919, 1920
1921
10
10
1922, 1923
1924
Net income in excess of specific credit '".
do .
12^
12!-^
1926 (Feb. 26, 1926)
1925
. do
II 13
1926, 1927
1928.
. do
11 IZM
1928 (May 29, 1928).
do
do
12
1929
"11
1930
do
12
1931
do -.--
12
1932 (June 6, 1932)
1932
All net income - -
» 13?4
For footnotes, see pp. 212-213.
STATISTICS OF INCOME
under the Revenue Acts of 1909 to 1932, inclusive ^
211
Excess-profits tax ^
Tax credit for income and
profits taxes paid to
foreign countries or
Credit
Taxable income
Rate
(■percent)
United States posses-
sions
For 1917 and prior years.
Net income equal to 1.5 per
20
income and profits tax-
$3,000 ' plus: An amount equal to the
cent of invested capital
es paid to foreign coun-
same percentage of invested capital «
less credit.
tries or United States
for the taxable year as the average
Net income in excess of 15
25
possessions were not
annual pre-war income was of pre-
per cent but not in excess
allowed as tax credit,
war invested capital (not less than
of 20 per cent of invested
> but were included in
7 per cent nor more than 9 per cent);
capital.
general deductions
01 if corporation was not in existence
Net income in excess of 20
35
from gross income, ex-
during at least 1 whole year of the
per cent but not in ex-
cept that taxes paid to
pre-war period, 8 per cent of invested
) cess of 25 per cent of in-
foreign countries were
capital for taxable year; or if during
vested capital.
not allowed to foreign
pre-war period, corporation had
Net income in excess of 25
45
corporations.3
per cent but not in ex-
net income or if invested capital can
cess of 33 per cent of in-
not be determined, same per cent as ;
vested capital.
that of representative corporations.
Net income in excess of 33
60
per cent of invested
capital.
Net income equal to 20 per
$3,000 s plus 8 per cent of the invested
30
Amount paid or accrued.
capital 6 for the taxable year.3
cent of invested capital
less credit.
Net income in excess of 20
65
per cent of invested
capital.
do
Net income equal to 20 per
20
Do.
cent of invested capital
less credit.
Net income in excess of 20
40
per cent of invested
capital.
do.'
do
Do.s
Do.9.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do. ».
212
STATISTICS OF INCOME
D. — Corporation income and profits tax rates and credits
Income
year
War-profits tax 3
Revenue Act
Credit
Taxable
income
Rate (per-
cent)
1918 (Feb. 24, 1919).
1918 .
$3,000 5 plus either an amount equal to
the average pre-war net income plus
or minus 10 per cent of the increase or
decrease of invested capital « for the
taxable year as compared with aver-
age pre-war invested capital, or 10
per cent of the invested capital for
the taxable year, whichever is
greater. 15
Net income
in excess
of war-
profits
credits.
80 (less
amount
of excess-
profits
tax).
1 All 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 Specific credit 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 their 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.
3 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 6.)
* 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) oftheRevenue 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:
(o) 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 subsequent years, and other than corporations exempt from tax for
1932 and subsequent years) 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.
(f ) 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. The Revenue Act of 1932 provides
that any excess loss thus disallowed, computed without regard to any losses sustained during the preceding
taxable year, is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as
loss sustained in the succeeding taxable year from sales or exchanges of stocks or bonds other than capital
assets. The limitation on the deduction of losses from sales or exchanges of stocks or bonds does not apply
to dealers in securities, banks, or trust companies. (See Sec. 23 (r). Revenue Act of 1932.) However,
sec. 218 (b) of the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, sec. 23 (r) (2) of
the Revenue Act of 1932, thereby limiting the application of losses from the sale or exchange of stocks or
bonds (other than capital assets) to gains from similar transactions during the same taxable year and pro-
hibiting the carrying forward and application of such losses to gains from similar transactions in the suc-
ceeding taxable year.
(rf) 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. How-
ever, sec. 218 (a) of the National Industrial Recovery Act re|)eals, effective as of Jan. 1, 1933, sees. 23 (i) and
117 of the Revenue Act of 1932, thereby removing the privilege of deducting from the net income for the
current taxable year, a net loss for the preceding taxable year.
(e) For insurance companies, see special provisions in the various revenue acts.
STATISTICS OF INCOME
"under the Revenue Acts of 1909 to 1932, inclusive — Continued^
213
Tax on income from Government contracts
Revenue Act
Income year
Taxable income
Rate (per cent)
1918 (Feb. 24, 1919)
1919, 1920.—
1921
Total amount of net income de-
rived from Government con-
tracts made between Apr. 6, 1917,
and Nov. 11, 1918, if in excess of
$10,000.
do
Excess-profits and war-
1921 (Nov. 23, 1921)
profits tax rates of
Revenue Act of 1918,
as limited by sec.
301 (c).
Do.
5 The $3,000 credit not allowable to foreign corporations.
8 Invested capital within the meaning of the statute is the capital actually paid in to the corporation by
the stockholders, plus the earned surplus and/or undivided profits (exclusive of profits for the current year)
and exclusive of inadmissible assets as defined in the revenue acts. (See sec. 207, Revenue Act of 1917,
and sees. 325 and 326, Revenue Act of 1918.) For 1917, foreign corporations reported that proportion of
invested capital which net income from sources witliin 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 necessary 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 3.)
" 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.
' 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 talien that the taxpayer's net income from
sources without the United States bears 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 tax credit is permited to be included in deductions against gross income. (See note 14.)
• Not allowable to China Trade Act corporations for 1922 and subsequent years.
10 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.)
n Income of insurance companies, exclusive of mutual companies other than life, taxable at 121-^ percent.
12 See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of
income tax for 1929.
" The rate of tax on consolidated returns for 1932 and 1933 is 14Ji per cent.
n 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.)
13 If corporation was not in existence during the whole of at least one 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 per cent of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918.)
Note. — For the year 1917 there was also a tax of 10 per cent 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 yews 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.
For tha years 1921 to 1923, inclusive, an additional tax of 25 per cent 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 per cent for 1924 and subse-
quent years, with the provision for 1926 and subsequent years that the 50 per cent additional tax shall not
apply ifall 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.
214
STATISTICS OF INCOME
oooooooooooooooooooooooooooo
^oooooooooooooooooooooooooooo
n-— 'C0^0»00»00u^0'00^000000000000000
CJ^^ „*^^_-_-^_..-^^.^._^_*>..^
^*^ .-I .— t »0 OS "'J' OS CO <>» !>» -^ C^ O — I CD 1— ' cc 1— < CO •-' O CO <XJ O O "^
-:^ .-lr-lCOTjiCOOOO:(MC<ICM-:J<cDO-*OCDi-HOOt^OO'-l
a ri CN CO Tt< lO t- 00 O --* lO 00 (N CD ^
^ .-» 1-t t-i t-( rH 1-* T-( f-l N (N (>» (M (N CO CO CC fC CC Tjl Tt* -^
oooooooooooooooooooooooooooo
^oooooooooooooooooooooooooooo
tJ'-HC^C0"^'OiOOO^iOOOO"0"0OiO»Ou^i0iOiO<Oi0i0'O^^
*^ r-TcO ■^CCTc^U^C^'-rTjrcO 00 CO GO 00 00 CO CO CO CO CO CO ^
M i-H .— 1 C^ CO CO -^ 00 CO 00 CO as CD CO O lO >— < 00 CD o
^ r-i .-I CS C^ CO ''J^ lO CO 00 OS r-H CO
^NC0C0-^'^»OiOc0CDI>-0005O'-<C<IC0'^'^iOCDt*00aiO
22
>0 -"CO
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
^OOOOOOOOOOOOOOOOOOOOOOOOOOOO
^i— iC^C0'^tOi0OOi0»O»Oi0'OU0iOi0i0'O»O»O»O»OiO^i0i0i0i0
^ ,-H"(^f■rJ^^o ,-h"co c^f.-H lo .-H"---r^^*.--rr-rr--r-^*'w'^r-r^^^
* T-ii-HCSC0C0iOO?Dc0O00C0»O-<ti-^-^rt*CD00
i r-H .-I (M CO CO '^ »0 CD 00 O C^ Tt^ CD
^l-^.-^^Hr-^C^<NC0c0■^'*cDcD0000OC^'<*^Tt^C0C000CX)OOOC^l^^»C
T-li-*.-Hr-li— (1— (I— (1— l(MC<)C^C^CSC1
; ft.g
>OOOOOOOOOOOOOOOOOOOOOOOc:
500000000000000000000000C
HCDOOOOOOOOOOOOOOOOOOOOOOOC
>-ICO*000'-<COt^C<»r--C^C<IC<lC^(N<N(NCNCN(M'MCM'MC^C^
r-i(MlMTt^iOCOOO'^Ot--'^(MOaiOOOOOOOgO(N
.-KNIMCO'^^iOiOCDOOOCSiOf-
Oi ^
3 zo '^
(N<NC^<M<N'«*^Tt<COcDOOOOOOOO<N(M'<:*iTt*CDCOOOOOOOOC<»iMir3
r- ,-H tH t-( t-H .— I .— I .— I 1— ( »— I r-l f-H .— I cs c^ c^ cs c^ c^
!2S
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
iiOOiOOiOOiOOiOiOiOOiOOOOOOOOOOOOOOOO
*I-HCOTt^cDt^C^^*OC^C^C^'DI>■lOlOu^lOOlOlOlOOOlO'OlOu:l>0
I csf CO cDod"i>^o .--^(^4"cO'-H"cD ^-^co CO CD '(Jh't ------
^^
>!«
>>-!
o-^S
at?
2 ajco
£o
§3
aS
^ o >
r-lWcO-^'^CDOiOO'O
^ (D >— < CD T— I CD
rHt-KNC^COCO-^iOCDoOOii-iCSl
KCOCC-^"^cOcDI>-t^t-t^OSOlOO(NC^COCO»0»r:iiO»OiOiO
s.s
OOOOOOOOOOOOOOOOOOOOOOOOOOOO
^^OOOOOOOOOOOOOOOOOOOOOOOOOOOO
C)'-"C^CO-^iOiOiOOOiOiOO"^000000000000000
^ ^ CI c^
co-^t^ocot'-'-Hioos-^Tf'Tf^Tj^Tr''^
r-(.-»rH(MC^(NCO'<J^lOCOt^OO
"2.a
.-Hf-lT-ii-li-iC^CSCOCO-^-^'OuOiOiOCDCOt'^t^OOOOCiOOOOOOO
oooooooooooooooooooooooooooo
~i-(C^CO-^"00»OOuOOiOOiOOOOOOOOOOOOOOOO
. r-tr-iCNC^'^'^CDt-^OOO'OOiOOuOO^OOOOOOt^
^ rH .-H cs c^'co'co Tji'rr to'co't-Too'cro S
■OOOOOOOOOOOOOOOOOOOOOOOOOOOO
i»— iCSCO-^iOOiOOiOOiOOiOOOOOOOOOOOOOOOO
rHf-iWC4Tt<rrcDt^00O»OO"0O»OO^OOOOOO
r-T r-T (M" CS' CO CO "(f TjT to CO* t-^ 00 o" o"
STATISTICS OF INCOME
215
a> u, V-. •-. aj o _, i, 1 CO . ; i
1
oa
r-H
CO
a
3
one, for amount paid under Revenu
Act of 1924, as amended. Credit fo
amount paid under Revenue Act c
1932 not to exceed the proportion c
the additional estate tax that th
value of the included gift bears to th
entire gross estate, and not to exceei
the dilTerence between the gift ta
credit allowed acainst the tax com
puted under the Revenue Act of 192
and the total amount of the gift tax
l-s
a
'^ ^
"3
1
o
s
ID
a
H-l
o
o
■o
»9-
■z
iz
•~< .
t-Wfc-J 0*^t-cO'<I>
o.a
<cao>*jOa>cMrl<-i
7D ■*" ® -a 05 — ' ts
a
a&
s^^": 2.2 3-..§o
» .
C3
ia
1928
10:25
1926
t paid
ct of 1
Cred
d unde
f 1932
proper
1 puted
e Act 1
lue of
bears
estate.
ac3
00 oq
- hcd
§ S^
tal amoun
levenue Ai
mended,
mount pai
nue Act
xceed the
he tax con
he Revenu
hat the va
luded gift
ntire gross
<l
3
a
1926
In effect a
Feb
§ i
O 1
■" 03 CO
>
O 1
O «CM
c^^caccoQ+j^-s^JW©
t/s- 1
^
^
^>? :§-*'Sco-
^§a°-g
^i^
18, 1921, and 1
as amended
Act of 1926
1 effect from 6
p.m., Feb.
1919, to 10
a.m., Feb.
1926, inclusivi
o '
t to exceed
lercent of •
from 4:01 p.
une 2, 1924,
0:25 a.m., Fi
6, 1926).
1 1 a 1 a m u
laid under Ri
nueActof 19
s amended.
o" ■
O »^^^ -< CM o a o C3 1
OS a
««• 'r
Z
H
^
O (
tu -g « H CM .5 >
O 1
O 1
191
Ineff
from
1917,
6:55 p
Feb.
1919,
clusi
cT 1
>o 1
«^ 1
o 1
§ 1
1916
as amen
by act
Mar. 3,
In effe
from
Mar.
1917, t
Oct. 3, 1
inclusi
§ i
.
O 1
1916
In effect
from
Sept. 9,
1916, to
Mar. 2,
1917, in-
clusive
o .
O 1
o 1
f, t-i • W X
-•-3 CZ) X
§°£g5
gs3
'"So tii<B
'^ fee <»
t- c3 ^ *S
s *^
OiS cB a> <B
" ffi 03
iegacy,
1 any S
olumbi
d in th
eral est
Federal estate tax:
estate, inheritance, 1
xes actually paid to
, or the District of C
ny projierty include
he decedent for Fed
1
236h
S « i^
p-a o
-^ iJ a
+JT3
«
-^ p o
£a^
§1!
ft-Sg
ts against
redits for
cession ta
Territory,
spect of a
estate of t
purposes,
redit for F
in respect
estate of t
purposes.
go
o
a
£
CO
Q
03S
.2 o
•v^
3 03
§^
O O)
5 3
216
STATISTICS OF INCOME
F. — Federal gift-tax rates and specific exemption under the Revenue Acts of 1924
and 1932 i
Act of 1924
1
Net gifts 2
as amended by Act of
Act of 1932 < 1
1926 5
Rate
Amount of
Rate
Amount of
Exceeding
Not exceeding
(percent)
tax
(percent)
tax
$10, 000
$100
Vi
$75
$i6,'666"
20, 000
200
I'A
225
20, 000
30, 000
300
2H
450
30, 000
40, 000
400
3
750
40, 000
50, 000
500
3?4
1,125
50, 000
100, 000
2
1,500
5
3,625
100, 000
150, 000
2
2,500
6H
6,875
150,000
200, 000
3
4,000
0)4
10, 125
200, 000
250, 000
3
5,500
8
14, 125
250, 000
400, 000
4
11,500
8
26, 125
400, 000
450, 000
4
13, 500
m
30, 875
450, 000
600, 000
6
22, 500
'iVi.
45, 125
600, 000
750, 000
6
31, 500
11
61, 625
750, 000
800, 000
8
35, 500
11
67, 125
800, 000
1, 000, 000
8
51, 500
12H
92, 125
1, 000, 000
1, 500, 000
10
101, 500
14
162, 125
1, 500, 000
2, 000, 000
12
Ifil, 500
15J^
239, 625
2, 000, 000
2, 500, 000
14
231,500
17
324, 625
2, 500, 000
3, 000, 000
14
301, 500
18H
417, 125
3, 000, 000
3, 500, 000
16
381, 500
20
517, 125
3, 500, 000
4, 000, 000
16
461, 500
21>^
624, 625
4, 000, 000
4, 500, 000
18
551, 500
23
739, 625
4, 500, 000
5, 000, 000
18
641, 500
24M
862, 125
5, 000, 000
6, 000, 000
20
841, 500
26
1, 122, 125
6, 000, 000
7, 000, 000
20
1,041,500
27K
1, 397, 125
7, 000, 000
8, 000, 000
20
1,241,500
29
1,687,125
8, 000, 000
9, 000, 000
22
1, 461, 500
30Ji
1,992,125
9, 000, 000
10, 000, 000
22
1, 681, 500
32
2, 312, 125
10, 000, 000
25
333-^
1 No gift tax in effect from Jan. 1, 1926, to June 6, 1932.
2 Net gifts means the total amount of gifts made during the calendar year less the specific exemption and:
other allowable deductions. Specific exemption— Act of 1924: Resident, $50,000 each calendar year; non-
resident, none. Act of 1932: Resident or citizen, $50,000 less the aggregate of the amounts claimed and
allowed for preceding calendar years (after June 6, 1932); nonresident alien, none.
In effect from June 2, 1924, to Dec. 31, 1925.
'■ In effect after June 6, 1932. Tax for calendar year is the excess of tax computed on the aggregate sum of
net gifts for such calendar year and preceding years over tax computed on aggregate sum of net gifts for
preceding years.
INCOME-TAX FORMS
217
FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS
FOR 1932 USED IN PREPARING " STATISTICS OF INCOME "
Form 1040. Individual income-tax retm-n 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.
219
616S4— 34-
220
STATISTICS OF INCOME
(Auditor's Stunp)
N
INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN $5,000
AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERH
For Calendar Year 1932
Fik Tlis lUlara Widt Ac CoOrdDr of Intern] Rcrenae f« Tov District a
r Bcfon MmA IS, 1933
PLAINLY BELOW
(SUMt ud Dumber, c
Occupation, Business, or Profession %
Do Not Write in These Spices
of "the United States?
. If you filed a return for 1931, to
which Ckillector's office waa it sent
. Is thi3 a joint return
of husband and wife?
. State name of husband or wife if a
separate return was made and the
Collector's office t
e last day of your taxable year supporting
in your household one or more persona closely related t<) youc ..
low many dependent persons (other than husband or wife) under
18 years of age or incapable of self-flupport received their chief
support from you during your taxable year? .
8. If your etatus in respect to question S, 6, or 7 changed
during the year, state date and nature of change ....
9. State whether your books are kept on cash or accrual basis -
1 . Salaries, Wages, Commissions, Fees, etc. (8l»l« name wid addren of employer)
(EipUls Is SsbadoU PI
2. Income from Business or Profession. (FromBcbedale a)
3. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds)..
4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Source
5. Income from Partnerships, Syndicates, Pools, etc. (Bute oemeaDd address)
e from Fiduciaries, (swio;
Rents and Royalties. (From Bchcdule B) _
Profit from Sale of Real Estate, Stocks, Bonds, etc. (FromBchodnleO)
Taxable Interest on Liberty Bonds, etc. (From Bchedule E)
. Dividends on : (a) Stock of Domestic Corporations subject to taxation under Title I of 1932 Act .
(b) Stock of Domestic Corporations not subject to taxation under Title I of 1932 Act
(c) Stock of Foreign Corporations _
. Other Income. (Sute nature otlocoae)
(a) - : -
DEDUCTIONS
I Paid..
, Taxes Paid. (EiplftiDlnScboduioF)
, Losses by Fire, Storm, etc. (Eiploin in Table nt foot of p«e 3) .
, Bad Debts. (Erplalnln Scbedule F)
Contributions. (Eiplaln to Scbcdulo F)
Ofher Dedu'-tions Not Reported Above. (Eiplaln id Schcdn
Total DEDumoNB in Items 13 to 18
Net Ivcobe (Item 12 minus Item 19)
LciS. Net loss for 1931 (Submii Schedule*
Net Income foh Tax Computation (Item 20 t
COM PUTATION OF TAX (See Instmctton 23)
s 1
33. Normal Tax <noniomM)
24 Less- Interest on Liberty Bonds,
, 1
36. Tax on Net Income (touiofliDmsMwaa)
37 Ajustment for Capital Gain or Loss tizw^of iwm 3!)
3fi. Total Tax (toial of otdlilerencebftrween Items M and 37)
$
27, Credit lor Dependents
s 1. , ..
s
...._
29. Balance subject to Normal TaxdumiamlDtisat
, 1
39. Less- Income Tax Paid at Source (2% of
'^
40. Income tax Paid to a foreign
country or U S. possession. •
31. Amount taxable at S*;^ numnmloui
32 Amount of Capital Net Cafn or Lom
$
.m-mM^^UZ,,
....Id
_
AFFIDAVIT
nyins schedules and atatensonts, has been (
taxable year stated, pursuant to the Reven
amined by me, and to the best of my knowledge and
B Act of 1932 and the Regulations Issued thereunder.
(See Instruction 27)
orn to and subacrlbed before r
« miut ba fUiad oi
, 1933.
As anended retam most be marked "Ajnended"
"(^iiiiV"'
I top «r relvrs.
Checlu and drefle wlU l>e accepted onlr \t parable at par.
STATISTICS OF INCOME
221
SCHEDULE A— INCOME FROM BUSINESS OR PROFESSION (3ee Inatnictlon Z)
1. Total noB^ts from bnemesa ur profesmon (state kind of business).
■OEmr OF OooBS Sols
2. Labor - —
3. Material and 'Supplies
4. Merchandise bougtit ior eaJe^
5. Other costs (itemize below or on separate «faeet)
6. Phje iirventory at 'beginniDg of year
7. Toiax (Liues 2 to 6)
8. Less inventory at end lof year
^. KxT Cost or Goons'Soiii} (Line 7 ndntis line 8).
Enter "C,'
inventoriBB at
or "C cr M," c
i valued at so^, ■
Otsbb Busikzss Deductions
included as "Labor *' in LIni
ct compensation for your ac
11. Interest on business indebtedness to others..
12. Taxes on business and business property
13. Losses (explain in table at foot of page)
14. Bad debts arising from sales or ser\'ices
15. Depreciation, obsolescence, and depletion (ei
plain in table provided at foot of page)
16. Rent, repairs, and other expenses C'temiz
below or on separate sheet)
17. Total (Lines 10 to 16)
18. Total Dedtjctionb (Line 9 plus Line 17) ^
19. Net Proftt (Line 1 minus Line 18) (Enter as Item 2)-.
Xbmlanation oT dedoctiuns
claimed on Lines -6 and l& _
SCHEDULE B— INCOME FROM RENTS AND ROYALTIES
(See Instruction 7)
0. lEocD or EBOPKBra'
z Auoun
BsccrraD
a. Cost oi Valw»
AS or Much 1, 1013,
*al'PJSu.f^)
.„„^
(Itemln below)
(briorultomn
K
«
...._
Explanation of deducfdons
SCHEDULE C— I^OFIT FBOM SALE OP EEAL ESTATE, STOCKS,
BONDS, ETC (See Instniction 8)
i.Da»
.^H._
t Co«i
8. Mascb 1, 1913.
8. Cost o» InnoTt-
7. Da«KX*TiO!i
8. Kit Paarrr on
LOM
,
S
SCHEDULE D— CAPITAL NET GAm OR LOSS PROM SALE OP ASSETS HELD MORE THAN TWO YEARS (See lostniction 8a)
L Saa> or Pxarxsn
hSSL
•.Bin
Sold
4. AHOnNT ReaUIEII
.C0„
^«. Mira^l, IMI^
'-7MW
ABLE) Since Aotjmai-
■ (ZMotflmiD
"'•'*"'"
,
SCHEDULE B— INTEREST ON UBEBTT BONDS AND OTHER OBLIGATIONS OR SECURITIES (See Instruction 9)
L OSUOinOKB OB SBCOBRIXa
2. JLMOxnn Otnto
'■'^^^
'■is^-,"-
6. AmOITNT OWTJgO
or ExBirmoM
(Enter u Item «}
(0) Obligations of a State, Territory, or political subdivision thereof,
5
IXXIIl
„
(ft) Securities issued under Federal Farm Loan Act, or under such Act ae
AIL_ --
All
(e) Liberty 3K % Bonds and other obligations of United States issued on
or before September 1, 1917, and obligations of U. S. possessions.
--
._..
EX
(e) Treasury Notes
AIL . ..
TH
X«
SCHEDULE F— EXPLANATION OP DEDUCTIONS CLAIMED IN ITEMS 1, 14, 1$, 17, AND 18
EXPLANATION OF DEDUCTION FOR
DEPRECUTION CLAIMED IN SCHEDULES A
AND B
L EofB or Pbotcttt
(U buUdlnft. sUb> nutarlal of wtUcb coostrucM)
ASS?.
1 AoB Want
Lirs AnxK
(ELduslTc t>f Lftod)
(EidiuIvociLood)
aJo^Se'^'^SS-.
Tnu YtAt
._...
EXPLANATION OF DEDUCTION FOR LOSSES BY PIRE, STORM, ETC., CLAIMED IN SCHEDULE A. AND IN ITEM 15
1. Knm OF PioriEit
..Oe„.»™e.
wra"i?oiki!u
t.f^AVSZ
^rSr"'
•sirair^Lt^"
7 Dkdcctiblk Lou
_...
222
STATISTICS OF INCOME
INSTRUCTIONS
The Instractions Nambered 1 to 20 Correspond with the Item Numbers on the First Page of the ReCarn
1. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.
page I of thi
Enter as Item 1
credited by or recfived from
entry, giving the information n;qui.iled.
Any amount claimed as a di^duction for necessary expenses against salaries,
etc., 6Uch 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 statement. Traveling expenses ordiuurily include expenditures
lor railroad fares, meals, and lodging.
2. INCOME FROM BUSINESS OR PROFESSION
If you owned a business, or practiced a profession on your own account, fill
in Schedule A on page 2 of the return, and enter the net income (or loss) as
Item 2 on page 1 of the return.
from: (n) Sole of merchandise or
iclion, and agriculture; (fc) Business
> hotel, restaurant, and garage service, amusements, laundering,
etorage, transportation, etc.; and (c) Professional service, euch as dentistry,
i&w, or medicine. In general, report any income in the earning of which you
incurred expenses for material, labor, supplies, etc.
Farmer's income schedule. — If you are a farmer and keep no books of
sccount, or keep books on a cash basis, obtain from the Collector, and attach
to this return. Form IU40F, Schedule of F;irrn Income and Expcnsca, and enter
the net farm income as Itena 2 on page 1 of lliis return. If your farm books
of account are kept on an accrual basis, the filing of Form 1040F is optional.
Installment sales. — If the installment method is used, attach to the return
& schedule ahowmg scpiirately for the years 1929, 1930, 1931, and 1932 the fol-
lowing: (a) Gross sales; (b) Cost of goods sold; (c) Gross profits; (d) Percentage
of profits to gross sales; (e) Amount collected; and (J) Gross profit on amount
djoUectcd. See Section 44 of the Revenue Act of 1932.
Kind of business. — Describe the business or profession in the space pro-
-vided at the top of page 1, aa "grocery," "retail clothing," "drug store,"
■"laundry," "doctor," "lawyer," "farmer," etc.
Total receipts. — Enter on Line 1 of Schedule A the total receipts, less any
•discounts or allowances from the sale price or service charge.
Inventories. — If engaged in a trade or business in which the production,
purchase, or sale of merchandise is an income-producing factor, inventories oi
merchandise on hand should be taken at the beginning and end of the taxable
year, which may be valued at cost, or cost or market, whichever is lower.
SsJaries. — Enter on Line 10 all salaries not included as "Labor" on Line 2,
except compensation for services of yourself, your dependent minor children,
or of husband or wife if a joint return is filed, which is not deductible.
Interest. — Enter on Line 11 interest on business indebtedness. Do not
include interest to yourself on capital invested in or advanced to the business.
Taxes. — Enter on Line 12 taxes on business property or for carrying on
""business. Do not inchidc taxes assessed agains local benefits of a kind tending
to increase the value of the property assessed, nor Federal income tases.
Losses. — Enter on Line 13 los-ies incurred in the trade or business, if not
compensated for by insurance or othenvise and not made good by repairs claimed
as a deduction. Losses of business property arising from fire, storm, etc.,
ehould be explained in the tabic at the foot of page 2 of the return.
Bad debts. — Enter on Line 14 debts, or portions thereof, arising from sales
or Bcrvices that have been reflected in income, which have been definitely ascer-
tained to be worthless and charged oil within the year, or such reasonable
amount as has been added to a roscrvc for bad debts within the year.'
A debt previously charged off as bad, if subsequently collected, must be
returned as income for the year in which collected.
Depreciation. — Enter on Line 15 the amount claimed as depreciation by
reason of exhaustion, wear and tear of property used in the trade or business, or
as obsolescence or depiction, and explain in the table at the foot of page 2 how
this amount was determined. If obsolescence is claimed, explain why the use-
ful life is less than the actual life.
The amount of depreciation on property acquired by purcliasc should be
determined upon the basis of the original cost (not replacement cost) of the
property and the probable number of years remaining of its useful life, except
if the property was purchased prior to March 1, 1913, it will be computed on
the fair market vahic of such property &s of that date or its original cost, which-
.cver is greater. If the property was acquired in any other manner than by
purch.ise, see Section 23 (k), 23 (m), and 114 of the Revenue Act of 1932.
In case a deduction is claimed on account of depiction of mines, oil or gas
wcUs, or timber, see Sections 23 CD, 23 (m), and 114 of the Revenue Act of 1932.
Do not claim any deduction for depreciation in the value of a building occu-
pied by you as a dwelling, or property held for personal use, nor for land (exclu- ■
sive of improvements thereon), nor on stocks, bonds, and securities.
Rent, repairs, and other expenses. — Enter on Line 16 rent on business
property in which you have no equity, ordinary repairs to jieep the property
in a usable condition, and other necessary business cxpenaea not classified above,
.euch OS 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-
■crty^nor personal, living, or family expenses.
Deficit. — If the amount to be entered on Line 19 shows a deficit, such amount
.should be preceded by a minus sign or written 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 wliich a tax was paid at the source. Interest on bonds
ie considered income when due anc^ payable.
4. INTEREST ON TAX-FREE COVENANT BONDS
-in Item 39 of the return.
.6 AND 6. INCOME FROM PARTNERSHIPS. SYNDICATES, POOLS, ETC..
AND FIDUCIARIES
Enter as Item 5 your share (whether received or not) of the profits of a part-
ncrHhip, syndicate, pool, etc., and aa Item 6 income from an estate or trust,
•except that the share of (a) capital net gafh 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 con>
.eietcd of dividend.^ on stock of domestic corporations shall be included in Item
10 [(a) and/ur (fc)) on the return. Include in Items 39 and 40, respectively,
•credits claimed for income tax paid ut source, and foreign income taxes.
11 the tiixable year on the basis of which you file your return fails to coincide
■with the annual accounting period of the partnership or fiduciary, then you
_i — u :.._!. ..!_ i_ -..4... _ ^i„._ii...* 1 — , yf ^ijg jjg^ profits for such
7. INCOME FROM RENTS AND ROYALTIES
Pill in Schedule B, giving the information requested.
If you received pro|)cr^y or croiw in lieu of cash rent, report the income as
though the rent had been received in ca^h. Crops received as rent on a crop-
share basis should l>c reported as income for the year in which disposed of (uiUc^s
your return «how8 income accrued)
i Enter na depreciation the amount of wear and tear, or depiction eu&talncd
during the taxable year 1932, and explain in the table at the foot of page 2.
Other expenses, such as interest, taxes, fire insurance, fuel, light, labor, and
other oeccHsary cx[icnKCtt of tliio character should be iU-mi^cd.
8. PROFIT FROM SALE OF REAL ESTATE. BONDS. ETC.
Dcscrilw the property briedy in Schedule C, and stale the price received, or
the fair market value of the pri)p.Tty received in exchaiiKc. Expenses con
ficclcd with the sale may be deducted in computing the pnmt or loss.
If gain or luM Is computed on March I. 1913, value, both cost and March 1,
J9I3, value must be showu and full iuforuiattuu given as to how March 1, 1013,
value was determined. If the amount shown as cost is other tKflfi flCEOal CAsfl
co.st of the property sold, full details must be furnished regarding the acquisition
of the property.
Enter as depreciation the amount of wear and tear, obfiolcsccnce, or depletion
which has been allowed (but not less than the amount allowable) in respect of
such property since date of acquisition, or since March 1, 1913, if the property
was acquired before that date. In addition, if the property was acquired before
March 1, 1913, 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 bus-
tained before that date.
Deductions for losses from sales or exchanges of stocks and bonds which are
not capital assets as defined in Section 101 of the 1932 Act shall be allowed oniv
to the extent of the gains from such sales or exchanges (including gains which
may be derived by a taxpayer from the retirement of his own obUgations). Seo
Section 23 (r) and (t) of the Revenue Act of 1932.
Subsequent improvements include expenditures for additions, improve-
ments, and repairs made to restore the property or prolong its useful life.
No loss slmll be recognized in any sale or other disposition of stock or securi-
ties where you have acquired substantially identical stock or securities within
30 days before or after the date of such sale, unless you are a dealer in securities.
In case the amount to bo entered in Column 8 is a deductible loss, such
amount should be jireccdcd by a minus sign or %VTittcn with red ink.
8a. CAPITAL NET GAIN OR LOSS
lieu of the normal tax and surtax. The t
cess of the total amount of capital gain over the sum of (a) the capital deduc-
tions and capital losses, plus (b) the amount, if any, by which the ordinary
deductions exceed the gross income computed without capital gain.
In 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
I'Lt income shall be reduced by 12J-$ per cent of such capital net loss; but in no
case shall the ta-\ comi)uted in this manner be less 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 the sum of the capital losses plus
the capital deductions over the total amount of capital gain.
The term "capital assets" means property held by you for more than two
years (whether or not connected with your trai^e or business), but does not in-
clude your stock in trade or other property of a kind which would properly be
included in your inventory if on hand at the close of the taxable year, or prop-
erty held by you primarily for sale in the course of your trade or business.
" " ■"■■■"■ ■ ■■• 'nstruction 8, if
;nt of the canity
iiiiius sign or written
with red ink. See Section 101 of the Revenue Act of "l932.
9. INTEREST ON LIBERTY BONDS, ETC.
Schedule E should be filled in if you own any of the obligations or securities
Interest on all coupons falling due within the taxable year will be considered
OS 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 enumerated on Line (d) are owned in excess of the exemp-
tion of S5.000, Columns 5 and 6 should be filled in, and the total of the interest
reported on Line (d). Column 6, entered as Item 9 on page I of the return.
10. DIVIDENDS
Enter as Item 10 (a) the amount received as dividends (1) from a domeatio
corporation subject to taxation under Title I of the Revenue Act of 1932 other
than a corporation entitled to the benefits of Section 251 of the Act of 1932 and
other than a corporation organized under the China Trade Act, 1922, or (2) from
a foreign corporation when it is shown to the satisfaction 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 close of its taxable year preceding tho
declaration of such dividends (or for such part of such period as the corooration
has been in existence) was derived from sources within the United States,
including your share of such dividends received on stock owned by a partner-
ship, or an estate or trust. Enter as Item 10 (b) dividends from a domestic
corporation not subject to taxation under Title I of the Revenue Act of 1932.
Enter aa Item IQ (c) dividends from a foreign corporation other than a foreign
corporation described in (2) of this paragraph.
11. OTHER INCOME
Enter as Item 11 all other taxable income for which no space is provided on
the return.
12. TOTAL INCOME
Enter as Item 12 the net amount of Items 1 to II, inclusive, after deducting
any expenses reported in Item 1, and losses in Items 2, 6, 7, and 8.
13. INTEREST PAID
idebtedn
irities the interest »
interest on indebtedness incurrc
the purchasing or carrying of an annuity.
14. TAXES PAID
Enter aa Item 14 personal taxes and taxes paid on property not used io
your business or profession, not including those assessed against local bene&ts
of a kind tending to increase the value of the property assessed. Do not include
:rcdit in Item 40. No deduction is allowable
and profits taxes if a credit is claimed in
Item 40." ^ , „
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 busincsa or pro-
fession, sustained during the year if arising from fire, storm, shipwreck, or other
casualty, or from theft, and if not compensated for by insurance or otherwise.
Sec Section 23 (c) of the Revenue Act of 1932.
E\plain losses claimed in the table provided on page 2 of the return.
16. BAD DEBTS
Enter ns Item IG all bad debts other than those claimed as a deduction in
Schedule A. State in Schedule K. (a) of what tho debts consisted, (fc) when they
»crc created, (c) when they became due, {tf) what etTorts were made to collect,
and (c) how they were actually determined to be worthless.
17. CONTRIBUTIONS
Enter as IteiD 17 contributions or gifts made mthin tho taxable year to any
corpcnition, or tiu:l. or community cheat, fund, or foundation, organized and
ope- iir.i • ' I I ' 1 . fi>r rcligioufl, charitoble, scientific, htcrary, or educational
l„ir|, ; I 111 vention of cruelty to cliildrcn or animals, no part of the
II, f , I , , inures to the benefit of any private shareholder or fndi-
vuli ii 1 in I.J claimed sliall not exceed 15 per cent of your net income
c.nii|juLi J v.iUiinii, Lliu benefit of this deduction.
A 1iHu( iary liliiiK the return for an estate in process of adminlntratlon may
■ l: ... .1 11 P J . !.._■: II. -» ..-^..-.Ar^A iw. B«, ■ ----.. .
STATISTICS OF INCOME
223
IB. OTHER DEDUCTIONS
Any deduction claimed should be explained in Schedule F.
19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18
rB.
20. NET INCOME
Enter as Item 20 the net income, i^cb is obtained by deducting Item 19
from Item 12, The net income shall be computed upon the basis of the taxable
year in accordance with the method of accounting regularly employed in keeping
your booke, unless such method does not clearly- reflect your income.
21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME
An income tax return must be filed by everj' citizen of the United States
whether residing at home or abroad, and every person residing in the United
States though not a citizen thereof, whose gross income for the taxable year 1932
amounted to $5,000, or whose net income amounted to —
(a) $1,000 if single or if married and not living with husband or wife;
(6) $2,500 if married and living with husband or wife; or
(c) More than the personal exemption if status of taxpayer changes.
If an individual is single and the net income, including "that of dependent
minors, if any, is Sl.OOO or over, or if the gross income is 55,000
: of husband and wife, and dependent
: (jver, or if their combined gross income is
, be reported on a joint return, or on separate
se the husband and wife elect to file separate
come is S5,000 or over, each shall make a
the date of his death waa 81,000 or over,
$2,500 or over, if married and Uving with husband or wife, or if
for the period was $5,000 or over, the executor or administrator
S6,000 or over, all such incoCae mus
returns of husband and wife. In c
returns and their combined net u
return on Form 1040.
If the net income of a decedent
if unmarried
hifl gross
shall mal
le a return for him on Form 1040 or 1040A,
Income of (a) estates of decedents before 6nal settlement, (6) trusts, whether
created by will or deed, for unascertained persor.s or persons with contingent
Interests; or income held under the terms of the will or trust for future distribu-
tion, is taxed to the fiduciary as a single person, except that from the income of a
decedent's estate there should be deducted any amount properly paid or credited
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 $1,000, A person who waa the head of a famiiv or was
married and living with husband or wife during* the entire taxable year, may
claim an exemption of $2,500. If husband and wife file separate returns, the
exemption may be taken by either or divided between them.
A "head of a family" is an individual who actually supports and maintains
e individuals who are closely connected with him by
lip by marriage, or by adoption, and whose right to
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 than husband or wife) under eighteen years of age, or in-
capable of self-support because mentally or physically defective, who received
his or her chief support from the ta.xpayer during 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.
If the status of the taxpayer, in so far as it afi'ects the personal exemption or
credit for dependents, changes during the taxable year, the personal exemption
and credit shall be apportioned in accordance with the number of months before
and after such change. For the purpose of such apportionment a fractional part
i than half a month i
of a month shall be disregarded unless it amounts t
Where ^.,
tioo, or for a trust, an exemption of $1,000 may be claimwl.
23. COMPUTATION TAX
Income from a partnership or fiduciary compnted on a fiscal year basis. — The
tax on income received from a fiduciary making a return for a fiscal year ended
in 1932 shall be computed as if such income were for the calendar year 1932.
If income ia received from a partnership making its return for a fistal year
ended in 1932, the part of such income attributable to 1932 shall be added to
your other income for that year subject to 1932 rates and the reeultingi
higher brackets of the rate schedule applicable to 1931,
Surtax. — The surtax for any amount of net income not shown in the table
below ia computed by adding to the surtax for the largest amount sho^*-n which
b less than the income, the surtax upon the excess over that amount at the
zate indicated in the table.
In the case of a bona fide sale of mines, oil or gas wells, or any interest therein,
1 the profit shall not exceed 10 per cent of the selling price. See
Section 102 of the 1
SURTAX RATES FOR 1932
^»....
MiDKoaa
^£.,
^
Amount or 081 toooma
pernol
Gurtu
'
"
<=
*
to to 16,000
M2,000to
64,000 to
$64,000...
06,000...
29
30
$8,600
9,200
8,000 to $10,000_.
.„
Mo'
10,000 to
12,000...
2
80
66,000 to
68.000...
31
9 820
12,000 to
14,000._
3
140
68,000 to
70,000...
32
10|460
14,000 to
16,000...
4
220
70,000 to
72.000_.
33
11, 120
18,000 to
18,000...
6
320
72,000 to
74,000_.
34
11,800
18,000 to
20,000...
6
440
74.000 U.
76.000...
35
12, 500
20,000 to
22,000...
8
600
76,000 to
78.000...
36
13, 220
22,000 to
24,000...
9
780
78,000 to
80.000...
37
13,960
24,000 to
26,000...
10
980
80,000 to
82.000...
38
14, 720
26,000 to
28,000...
11
1,200
82,000 to
84,000...
39
15, 500
28,000 to
30,000...
12
1,440
84,000 to
86,000...
40
16, 300
80,000 to
32,000...
13
1,700
86,000 to
88.000...
41
17, 120
32,000 to
36,000...
16
2,300
88,000 to
90.000...
42
17,960
36,000 to
38,000...
16
2,620
90.000 to
92.000...
43
18. 820
38,000 to
40,000...
17
2,960
92.000 to
94.ono...
44
19,700
40,000 to
42,000..
18
3.320
94,000 to
96.000...
45
20.600
42,000 to
44,000...
19
3,700
96,000 to
98,000...
46
21,520
44,000 to
46,000..
20
4, 100
98,000 to
100,000...
47
22,460
4«,000to
48,000...
21
4,620
lOO.OOOlo
150,000...
48
46 460
48,000 to
60,000..
22
4,960
150,000 to
200.000...
49
70,960
80,000 to
62,000..
23
6,420
200.000 to
300.000...
50
120, 960
62,000 to
64,000..
24
6,900
300,000 to
400,000...
51
171, 960
64,000 to
S0,000._
25
6,400
400,000 to
600,000...
52
223, 960
86,000 to
68,000..
26
6,920
600,000 to
750.000...
63
356, 460
58,000 to
60,000..
27
7,460
760,000 to 1.000,000_.
64
491, 460
60,000 to
62,000..
28
8,020
1.000,000 up.
65
Income tax paid to a foreign eoontry or U. S. possession. — If, in accorda&.e0
with Section 131 (aj of the 1932 Act, a credit is claimed in Item 40 for incomo
tax paid to a foreign country or a possession of the United States, submit Fona
1116 with your return with the receipts for such payments. In case credit ii
sought for taxes accrued, the form must have attached to it a certified copy of
the return on which the tax waa 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.
24. ITEMS EXEMPT FROM TAX
J exempt from Federal i
> tax and should not be"
(o) Amounts received under a life insurance contract paid by reason of the-
death of the insured, whether in a single sum or in installments (but if suoh
amounts are held by the insurer under an agreement to pay interest thereon, thd"
interest payments shall be included in gross income);
(b) Amounts received (other than amounts paid bv reason of the death of
the insured and interest pajinents on such amounts) under a life insurancSr
endowment, or annuity contract, but if such amounts (when added to amounts
received before the taxable year under such contract) exceed the aggreagste
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 ft
valuable consideration, by asaignmeot or otherwise, of a life insurance, endow-
ment, or annuity contract, or any interest therein, only the actual value of sucb
consideration and the amount of the premiums and other sums subsequently pai^'
by the transferee shall be exempt from taxation under paragraph (a) above Of.
this paragraph;
(c) Gifts (not made as a consideration for scnice rendered), and money and
nheritance (but the i
t be reported} ;
* i State, Territory, i
i derived
any politicat
issued under
amended; i
property acquired by bequest, dev
from such property is taxable and mi
(d) Interest upon (1) the obligations ot
subdivision thereof, or the District of Coluj
the provisions of the Federal Farm Loan Act or under such Act s
(3) the obligations of the United States or its possessions. In the case of obIi«-
gations of the United States issued after September I, 1917 (other than postal
savings certificates of deposit), the interest on 4 per cent and 4J-4 per cent Liberty
Bonds and Treasury Bonds, owned Ln excess of 55,000, is subject to surtax iT
the net income ia over $6,000, and should be reported (see Instruction 9);
(e) Amounts received through accident or health insurance or under work-
men's compensation acta, as compensation for personal injuries or sickness, plus-
thc amount of any damages received, whether by suit or agreement, on account-
of such injuries or sickness;
(/) The rental value of a dwelling house and appurtenances thereof furnished'
to a minister of the gospel as part of his compensation;
{g) Compensation paid by a Stale or political subdivision thereof to its^
officers or employees for services rendered in connection with the exercise-of ao-
essential governmental function; and
(A) Amounts received as earned income from sources without the United
States (except amounts paid by the United States or any agency thereof) by an
individual citizen of the United States who is a bona fide nonresident for mor©^
than six mooths during the taxable year. The taxpayer in such a case may
not deduct from his gross income any amount properly allocable to or chargeabl»-
against the amount so excluded from his gross income.
25. ACCRUED OR RECEIVED INCOME
If your books of account ar^, kept on the accrual basis, report all Incomo'
■ ■ » the books,
uses paid.
I the
_ly received, such 1
expenses paid.
2G. PERIOD TO BE COVERED BY RETURN.
Your return for the calendar year 1932 shall be made on Form 1040. If the
return is for a fiscal vear endine on the last day of any month, other thaa
December, in 1932. Form 1040FY should be used.
The accounting period established must be adhered to for subsequent years,
unless permission was received from the Commissioner to make a change.
An application for a change in the accounting peiiod shall be made on Fona
1128 and forwarded to the collector prior to the expiration of thirty days from.
the c'"^e of the proposed taxable year.
27. AFFIDAVIT
The afBdavit most be executed by the person whose Income is reported
unless he is ill, absent from the countrv-, or otherwise incapacitated, in which,
case the legal representative or agent may execute the affidavit. A minor*
tver, making his own reti
le oath wifi be adminis
collector, or internal revenue agent. If an internal revenue officer :
available, the return should be sworn to before a notary pubhc, justice of th&
peace, or other person authorized to adminigter oaths, except an attorney or
28. WHEN AND WHERE THE RETURN MUST BE FILED
for the district-
as to reach th&
collector's office on or before March 15, 1933. In case you have no legal resi-
dence or place of business in the United States, the return should be for«'arde<l
to the Collector of Internal Revenue, Baltimore, Maryland.
29. WHEN AND TO WHOM THE TAX MUST BE PAID
The tax should be paid, if possible, by sending or bringing with the return a
check or money order drawn to the order of "'Collector of Internal Revenue at
(insert city and State}." Do not send cash by mail, nor pay it in persou
except at the Collector's office.
The tax may be paid when the return is filed,
; follows: The first installment shall be paid (
four equal installments.
The first installment shall be paid on or before March 15, 1933, the
second installment shall be paid on or before June 15, 1933, the third install-
ment on or before September 15, 1933, and the fourth installment on or before
December 15, 1933.
If any installment is not paid on the date fixed for pa>-ment the whole amount-
of tax unpaid shall be paid upon notice and demand by the collector.
30. PENALTIES
For wiUfol failure to make and file a rei
$10,000 or imprisonment for not more than oni
25 per cent of the amount of the tax.
For wUlfoUy making a false or frandulent i
or imprisonment for not more than five years.
For deficiency In tax. Interest on a dencie
the date the deficiency is assessed,
waiver of the restrictions on assessment i
earlier, and, in addition, 5 per cent of the
31. INFORMATION AT SOURCE
Every person making paj-rocnts of salaries, wages, interest, rents, commis-
sions, or other fixed or determinable intome of $1,000 or more during the cal-
endar year, to a single person, a partnership, or a fiduciary, or $2,500 or more to-
a married person, ie required to make a return on Forms 1096 and 1099 showing,
the amount of such payments and the name and address of each recipient.
These forms will be furnished by any collector of internal revenue upon request.
Such returns covering the calendar year 1932 must be forwarded to the Com-
of Internal Revenue, Sorting Section, Washington, D. C, in time to
be received not later than February 15, 1933.
224
STATISTICS OF INCOME
Form IftlOA
TREASIVRV DtPAKTMENT
lKTe«N»i. RtvBNoe yaHv,c«
INDIVIDUAL INCOME TAX RETURN
FOR NET INCOMES OF NOT MORE THAN $5,000
DERIVED CHIEFLY FROM SALARIES AND WAGES
For Calendar Year 1932
To b« ai«d with the Collector of Internal Revenue for your diatrict on or before March IS, 1933
Do ml mite ai Ibis spice
(Auditor** sump)
Senil
N.»b«> _
AmoanI
Pud. 1 -
PRINT NAME AND ADDRESS PLAINLY BELOW
"iNimrt
''"—""—"-'
(Poal oPice) (County) (State)
OCCUPATION
Caih Check M. O.
acitizcD or resident
■S. Were you mirricd aod living with husband
or wile 00 the last day of the year? ,
4. If Dot, were ynu the head of a Tamily
> last day of the year?.
5. How many dependents (except husband or wife) i
chief support from you during your ta:iable year?.
6. State date and nature of any ch:inge
under nuestions 3, 4. or 5 during the year.. _..
No. INCOME
$ ...
s
4. Other Income (incluejing income from fiduciaries, partnerships, etc.) (stale soura) :
DEDUCTIONS
6. Taxes Paid
S
$
8. Other Deductions Authorized by Law CExplain below) :
9. Total Dedoctions in Items 6 to 8
COMPUTATION OF TAX
iO. Net Income (If«m 5 minus Item 9)
$
$
12. Credit for dependents
13. Balance taxable at 4%, not over $4,000 (Item 10 minus Items 11 and 12)
$
14. Total Income Tax {4% of Item 13)
$
S
16. Income Tax paid to a foreign country or U. S. possession CAttach Form me;
17. Balance or Tax (Item 14 minus Items 15 and 16)
$
AFFIDAVIT
I swear (or affirm) 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 1932 and Regulations issued under authority thereof.
(If return is made by agent, tbe r
Sworn to and subscribed before me this
day of , 1933.
1 tbereror must be stated oo this line)
(SigDature of taxpayer or agent)
{Address of agent)
6«« InstrucUons
(Title)
STATISTICS OF INCOME
225
STATEMENT OF CONTRIBUTIONS
Name OF ORiiANiZATiofT Amoiint Paid
Name op Oroanuation
Amount Paid
$ ....
$
NONTAXABLE OBLIGATIONS AND SECURITIES
OBLIGATIONS AND SeCUBITIES
A«OUSTOW«EO
interbst
Received
(o) Obligations of a State, Territory, or political subdivision thereof, or the District of Columbia. .
$
$
(c) Obligations of the United States or its possessions
DIVIDENDS FROM I>OMESTIC CORPORATIONS
State the amount'of dividends received from domestic corporations snbject to income tax under the Revenue
Act of 1932, including your share of such dividends on stock owned by a partnership, syndicate, pool, joint
venture, etc., or an estate or trust.. „
PENALTIES
For Willful Failure to Make and File a Return on Time. — Not more than $10,000 or imprisonment for not more than one
year, or both, and, in addition, 25 per cent of the amount of the tax.
For Willfully Making a False or Fraudulent Return. — Not more than $10,000 or imprisonment for not more than five years.
or both, together with the costs of i)rosceution.
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 restrictions on assessment and collection of a deficiency in tax, 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.
INSTRUCTIONS
Liability for Filing Retu
States, though not a citiicD thereof, havmg a gross income for itir caloniJai
1932 of J5,000, or over, or a net iDcomc for the same period of (o) $1,000 or o
if siogle, or if married and not living with husband or wife, or (6) $2,500 or o
if married and living with husband or wife, or (c) more than the personal cue
lion if the status of the taxpayer clianges during the taxable year. If the c
bined net income of husband and wife, iDcIuding that of dependent m
children, if any, is $2,500 or over, or if their combined gross income is $5,00
over, eiliier each must make a return, or the income of each must be iticlu
io a single >3iDt return.
Items Exempt from Tax
(a) Amounts received under a life in:
death of the insured.
(6) Amounts received (other than by r
5iun thereof, nr the Dislnil of Coin
(:f) all obhgations of ihe United Si
Interest on Lihi'rly Bunds owned in
obligations of a State, Territory.^
f $5,000 is subject to surla;i if the
lis accident or health insurance for personal injuries oi
LCtMvod on account of such injurte-s or sickness,
dwelling house and appurtenances thereof furnished i
govcrniuental function.
(h) Compensation received for services rendered without th« United States
(except ainounl.^ ['aid hy the Unilcd St.itcs or any agency thereof) by a citizen
who is a nonrcsiclent for more than six months during the takabic year.
Salaries.— Enter as Item I all salaries, w
from outside sources by la) yourself, ib) >o
filed, and (cj each dependent minor child
syndicate, pool, joint venture
bank der>osit5, notes, mortgages,
luiorisi receivfd on bonds upon which a
' corporation should he entered a.<; Item 3.
such loirrcsl should be claimed as a credit
Hlorcd intiinie when due and payable,
other taxable income, including dividends
^uhji'ci to income ta\ under the Itovrnuc
Fort'ipn corporations, incouje of an estate or
• ed or DoU m the profits of a partnership.
Deductions
i deduction if a credit is I'laimed in Item 16 of the
L;ifts m»do during the
nputed without the
Personal Exemptii
. _ . , vidual who
;L'hu!d one or more individuals who
alionship, relationship by murriat;e. ....
iiniily control and provide for these dependent individuals is bused upon
ral or legal obligalion.
iljon Lo the personal exompfi'-.n, n titIiI uT 54iin mny hi- rl;iim.>d for each
credit for dejandtnts, clia
and credit shall b^ apportioned in accordance with the nunibcr of monlhs before
and after such change. For ihc purpose of such apiwrtioomcnt a fractional part
of a month shall be disregarded uukss it araounls to more than half a montb
al Information
vailahle. ttii
before the De
s's^iTU;;"
, the Collector of Internal Revenue for lh»
district in which vou reside on or t>efore March 15, rJ33.
Tax.— The tax "may be paid at time of filing the reiuro, or io four equal la-
siallments payable quarterly.
226
STATISTICS OF INCOME
(^udlter'a Stamp)
CORPORATION INCOME TAX RETURN
For Calendar Year 1932
Fik Ttui Return with the CoUecttr of Intenul Rei
r BeFora Mvcb 15. 1933
PRINT PLAINLY CORPORATION'S NAME AND BUSINESS ADDRESS
{Street anil Dumber)
Date oj IncoTpoToUon
Under the Laws of what Slate c
Page 1 of Return
{CubUr'a Stamp)
C«ah Choch
"III* Corpontioii's Boalu m in Care of „ _ Louled ■! — _
Kind of Buiiiwu la Thi« ■ ConioKdilcd Return of Two or More Corpontioiu? .
1. Grosa Sales (where inventories are
an income-detrcrmining factor), $
2. Less Cost of Goods Sold:
(a) Inventory at beginning of year.
GROSS INCOME
Less Returns and
; AUowancea, $,-,
(b) Material or merchandise bought for manufacture or sale
(c) MisceUaneous costs (From Scbodule A, Column l):
(1) Salaries and (2) Other
wages, $ ; costs, $. _ ; Total.
(<i) Total of ligea (o), (6). and (c)
(f) Less inventory at end of year.^:: ,
)B3 Profit from Sales (Item 1 minus Item 2)
^ 4. Gross Receipts (where inventories are not an income-determining factor)..
;; «o6ts,4. _.; Total..
Gross Profit where inventories are not an income-determining factor (Item 4 minus Item
Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits, etc _ _ —
Rents „ -
Profit from Sale of Real Estate, Stocks, Bonds, and other Capital Assets (From Bcb«dul« B)..
(t) Stock-of Domestic Corporatio
(c) Stock of Foreign Corporationi
, Other Income (State nature of incomt
8. subject to taxation under Title I of Revenue Act of 1932 —
s not subject to taxation under Title I of Aevenue Act of 1932.
(fc)
Total Income in Iteus 3, and 6 to 12, inclubive
DEDUCTIONS
Compensation of Officers (From Schedule C) -
Rent on Business Property — _ _
Repairs (From Schedulo D); Salaries and Wages, S ; Other Costs, S
Taxes (From SchoduSo E) — _
Losses (From 6cfa«dul« F) -
Bad Debts (From Schedule 0) — -
Dividends (From Schedule n) — — -
Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From Bcbedul
Depletion of Mines, Oil and Gas WcUa, Timber, etc. (Submit schedule, «5elnstruoilon 23) .
Other Deductions Not Reported Above (Explain below, <
{ft) Salaries and wages. (Koi included in lUm 3, S, \*,
D Mparate sheet):
Total Deddctions in Items 14 to 24 —
Net Income (Item 13 minus It«m 25) -
Less: Net Loss fob 1031 (Submit schedule)
Net Income for Tax Comphtation (Item 26 mlnu
COMPUTATION OF TAX
29. Net Income (Item 28 above) -
aO. Income Tax (13^% o' It«w 29) (or I4H% of Item 29, If thie is a conBolidated return)...,
31. Less: Income TaxPAidatSource. (Thlacredttca
32. Income Tax Paid t^i a Foreign Country <
(See Instruction 30)
33. Balance of Tax (Item 30 r
II Items 31 and 32)..
An amended rclnrn mast be marked "Amended" at lop of rciun
Checke and drafts will be accepted only If payable at par.
STATISTICS OF INCOME
227
Pago 2 of Return SCHEDULE K— BALANCE SHEETS
(See iDBtnictioQ 46)
iTiia
B.o«.„oo,T.x..^y.«
z™o.T^.^Y.„
AlOMlOt
T.».
AmMut
ToUU
ASSETS
s
$
A. iBTcQtories:
s
=
■--
I
-■
S. Investments (nontaxable):
Obligations of a State, Territory, or anv po-
litical eiibdjviaion thereof, or the District
of Columbia
Becuritiea issued under the Federal Farm Loan
s.__
—
s
Obligations of the Uuited States or its po»-
«. Other InvestmeQts:
$
...„
RnnH,nfH.m..ti..n r«Hnn,
Stocks end bonds of foreigo corporations..—
.._..
—
.._....
--
7. Deferred charges:
S
S. Capital assets:
$. ...
Less reserves for depreciation (except on
land) „
S
—
$
—
—
11. Other assets (describe fully):
12. Total Assr-m _
%
$-
LIABaiTIES
13. Notes payable Oess than one year)
$... .
s_
14. Accounts jinyflht**
16. Mortgages (including bonds and notes so secured).
17. Accrued expenses:
—
—
--
AU other
IS. Other tiabiUUes (describe fuUy):
S
._..
19. Capital stock:
s
--
Common stock Hess ntock in trejuury)
s
---
—
21. Undivided profits
22. Total LTAniLiTiEs „
s
s
.__
228
STA.TISTICS OF INCOME
SCHEDULE L— BECONaLIATION OF NET INCOME AND ANALYSIS OF CHANGES IN SURPLUS
Page 3 of Retnm
I. Net ioooma from lUsm M. mce I ol the retom
X NoDtauble Income:
<a) lotarosC on obligstloas cF b State, Terrltorr. or 4n7 political
.._....
---
,3.Unn«...b,.d»ln.U.n.
(W toU». on s.ca,m« I^M and., lb. r„i^ F™ L»u>
(rf) Special improvument i&tes tending to increase ihe value of
m D,v,d»ds d«.««fb.. una., 8«,l.n !3 (j,, of ,B. I<..oi».
'" ''Z'^Z^'.X'^Lu^'""' " '"""°"°" ""^
<<} ProcMds ot Ut« insimnee policies pbld upon Ibe deatb ot the
in Be l,«n,.nu„dr.nc..L.
(/) Olber Items of Dootaiftble income do bo detailed):
(?) losuraoce premiums paid on tbo life of any officer or em-
ployee where the corporation Is directly or Indirectly a
. C^^ ..,.,.„»,„,., b.d d.b„. „■■..«.„..., n, „.«™.
0) Additions to ,.«,.« ro,conling.nci«...C. (to b,d.ua«l.;
4. Charges against reserves lor conllngonclfts, etc. (to be deUUed):
(t) Other unallowable deductions (to be detailed):
(2)
J
J
7. Net prciOt tor rear, as shown by books, before any adjustments
15. Dividends paid during the taxable year (state whether paid In
cash, stock of the corporelion, or other property):
Wl Dale paid Character
8. Surplus and undivided proQis as shown by balance sheet at close
ol preceding una ejcar
B. Other credits to surplus (to bo detailed):
(0 Date paid Character
(d) Date paid Character
(0
16. Other debits to surplus (to bedetailed);
n
5
...„.
n. Total Irom Line 17
12. Surplus and undivided proQts as shown by balance sbeot at close
^
NET INCOME OR DEFICIT REPORTED IN RETURN FOR 1931 BEFORE
DEDUCTING NET LOSS FOR PRIOR YEAR
AFFILIATIONS WITH OTHER CORPOP.A
4. Is this a consolidated return of two or more corporatio
If so, procure from the Collector of Internal Revenue for
TIONS
ns?
your district Form
2. Enter amoutit deducted in return for 1931 as net loss
851, AfTiliations Schedule, which shall be filled in, sworn to, and filed as a part
of this return. See Section 141 of the Revenue Act of 1932 and Instruction 42.
KIND OF BUSINESS
5. Was the income of this corporation included i
a a consolidated return for
agent on commission; state if inactive or in liquidation:
PREDECESSOR BUSINESS
Check the proper block below to indicate the general industrial division in
which the corporation's main income-producing business falls:
1 1 Agriculture and related industries, including fishing, forestry, ice harvest-
1 1 ing, etc.; also leasing of such property.
taxable year? Was the corporation
result, continuation, or reorganization of a busines
during this or any prior year since December 31, IJ
is "yes," gi^e name and address of each predecessu
in any way an outgron-th,
3 or businesses in existeace
17? If answer
( — 1 Mining and quarrying, including gaa and oil wella; also leasing of such
1 1 property.
r business, and the date of
Manufacturing—
1 1 Food products, beverages, and tobacco.
1 Textiles and textile products.
1 Leather and leather products.
1 Rubber and related products.
1 Lumber and wood products, including fiber furniture.
1 Paper, pulp and products,
1 1 Printing, publishing, and allied businesses.
1 1 Chemicals and allied products, including petroleum products,
1 [ Stone, clay, and glass products.
1 1 Metalandmctolproducttf. Including precious metals and producln
Upon such change were any asset v.ilues increased or decreased?
If the answer is " yes," closing balance sheets of old business and opening tMilaoco
sheets of new business must be furnished.
BASIS OF RETURN
If not, describe fully what other basis or method was used in computing net
VALUATION OF INVENTORIES
8. State 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
used, describe fully, state why used and the date inventory n-as last reconciled
j 1 Other manufacturfhg.
, — , Construftion— excavations, buildings, bridges, rnllroadn, ships, etc.; also
^— ' out their manufacture.
1 1 Transportation— rail, water, aerial, motor, etc., also leasing of such
1 I faciUties.
1 — , Public utilitiea— electric light or power, gas (artificial or natural), pipe
1 lines, telephone, telegraph or radio, watci^orks, heating, toll bridges,
'— ' c^.; also ieaaiag of such utilities.
1 — 1 Storage — cold storage, grain elevators, warehousca, safe deposit traults,
1 1 etc.; also leasing of such property
LIST OP ATTACHED SCHEDULES
0. Enter below a list of all schedules accompanying this return, giving for each
a brief title and the schedule number The name and address of the corporation
should be placed on each separate schedule accompanying the return.
1 1 TradlDg- wholesale, retail, or commlssioD.
I 1 Service — professional, business, amusement, and domestic, Includinp
1 1 hotels, restaurants, laundrlci, etc.
|~~| Finance — banks and other financial orgaolzatiooB, insurance, real estate;
STATISTICS OF INCOME
229
Pa^ 4 of Retum
SCHEDCLE A (See InBtructions 2 aod 5)
F SALES (WHERE mVDtTOBlES AKE AN mCOHE-DETEMIININC FACTOR)
f oVeKATIONS (WHERE INVEKTOMES 4
6>laii€a and wages_.
Other c
Salaries and wages
Other costs, _
SCHEDULE B— PBOFIT FROM SALE OP REAL ESTATE, STOCKS. BONDS. ETC. (See Instruction 10)
L SUro or pBOPKnr
. Datx Acqoiuo
. Net Pbotit or Loos
(Enter Mllam 10)
State how property wag acquired .
SCHEDULE C— COMPENSATION OF OFFICERS (See Instruction 14)
1 TniE Dktotid
TO Bcamisa
SS..C 0, Si^n o».E»
. A-0„»T
~
4. Common | i. na^M
CEnu. <» lum 14)
SCHEDULE D— COST OF REPAIBS (Seo InBtniction 16)
SCHEDULE E— TAXEa PAID (See Instruction 18)
1.1™.
(Enter u luun Is)
■ m-.
(EntsultamU)
SCHEDULE P
-EXPLANATION
OF LOSSES
BY
FIBB. STORM. ETC. (See Instruction 19)
■..^o,r„„.„
...„.«.^
wmi"'i"ili«ii
4. SUBBEQCBKT
AiSJ'A'S'K.
•sir.'L-ir^r
7. DKDticTiBix Loaa
(Eater u lUm U)
s_
s
$.
_
State bow property waa acquired.
SCHEDULE G— BAD DEBTS (See Instruction 20)
SCHEDULE H— DITIDENDS DEDUCTIBLE (See Instnictioo 21)
S. Bad Dsbts
1929.-
1930^
SCHEDULE I— EXPLANATION OF DEDUCTION FOB DEPRECIATION (See Instruction 22)
L Km or FMonmrr
X Datx Acgnuo
a. AOB Wun
Acquiu^
4. PaoBAALs Lm
Arrms AoguamoN
0. Con
e. Uasch 1, IBIS.
(01 Allow ASLi)
IN Puoi Yuu
AUATAais Tbu
s
$
$
$
We, the UDdaraigned, presideDt aod treasurer of the corporation for which this return is made^ being severally duly sworn, each for himself depoaas and says
that this return, including the accompanying schedules and statements, has been examined by bun and is, to the best of his knowledge aod belief, a truo and
ogmplete return, made in good faith, for the taxable year Btated, pursuant to the Revenue Aqt of 1932 and the Regulations issued thereunder.
Sworn to and subeorlbed before me this day of , 1933- _ ^ .
(SlssAtun of offlocr admlnlMvlos ostb) (TUI0)
See Instraction 02. Attach ■ separate sheet if any of the above- scbedoles do not proTlde
\^
230
STATISTICS OF INCOME
Xaga 1 of InstraoUona
INSTRUCTIONS
The bufrnctioiu Numbered 1 to 28 on this Psge Correspond with the Item Nombers on Page 1 of the Retorn
GROSS INCOME AND DEDDCTIONS
1. QroM mIm. — If engaged In buslDess where Inventories axe &n [ncome-
^et«rxiilnlng fftctor. enter aa Item 1 on page 1 of the return, the gross sales, less
foods returned and any allowancee or discounts from the sale price.
P ftnfcii, tiuuianoe companies, and other corporations required to submit state-
snents of Income and expenses to any national, State, municipal, or other publio
•officer may submit with the return a statement of income and expenses in the
ifform furnished to suoh officer, in lieu of the information requested in Items 1 to
37 of the return, except that a railroad con^pany will submit with the return a
(Statement on Form 1090. In such cases the taxable net income will be recoo-
•eiled by means of Schedule L on page 3 of the return, with the net profit shown
iby ihe income and expense statement submitted, and should be entered a^ Item
'38 on page 1 of the retiun.
3. Cost of goods sold. — Enter as Item 2 the information requested on lines (a)
-lo (0) and list in Column 1 of Schedule A on page 4 of the return the principal
Jtams of cost, Including the amount entered on line (c), the minor items to be
jfTouped in one amount. Enter as salaries and wages on line (c) the total com-
pensation, during the period covered by this return, of individuals employed
(exclusive of officers and firm members).
If the production, purchase, or sale of merchandise is an income-producing
i'aotor in the trade or busiDess, inventories of merchandise on hand should be
-taken at the beginning and end of the taxable year, which may be valued at cost,
•at ooBt or market, whichever 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 or market, whichever is lower, and
explain folly in answer to question 8 on page 3 the method used. In case the
Inventories reported do not agree with the balance sheet, attach a statement
explaining how (Ufference occurred.
5. GroM profit l^m sales. — Enter as Item 3 the gross profit from biuinesa in
which inventories are an incomeHJeterminlng factor, which is obtained by
deducting Item 2, the cost of goods sold aa extended, from Item 1, the net sales.
4. Gross receipts from boslnesa in which Inventories are not an Ineome-
.^eferralning factor. — Enter as Item 4 the gross receipts or operating revenue.
XSee also second paragraph of Instruction 1, above.)
fi. Coat of operationB. — Enter as Item 5 the cost of operations and list (d
•Colmnn 2 of Schedule A on page 4 of the return the principal Items of cost
Enter as salaries and wages the total compensation, during the period covered
l)y this return, of Individuals employed (exclusive of officers and firm members).
6. Gross profit from business In which inventories are not an Income-deter-
.gilnlTig factor. — Eater aa Item 6.
7. Interest on loans, etc. — Enter as Item 7 all interest received or credited to
, "the corporation during the taxable year on loans, notes, mortgages, bonds, bank
■deposits, etc
8. Rents. — Enter as Item 8 the gross amount received for the rent of property.
Any deductions claimed for repairs. Interest, taxes, and depreciation should be
included in Items 16, 17, 18, and 22, respectively.
9. Royalties. — Enter as Item 9 the gross amount received aa royalties. If a
•deduction is claimed for depletion, it should be reported as Item 23.
la Profit from sale of capital assets. — Enter as Item 10 the amount of gain or
iloes from the sale or other disposition of real estate, stocks, bonds, and capital
Assets.
Describe the property briefly In Schedule B, and state the actual consideration
4>r price received, or the fair market value of the property received in exchange.
Expenaes connected with the sale, such aa commisaions paid agenta, may bo
•deducted in computing the amount received.
If gain or loss is computed on March I, 1913, value, both cost and March I,
1913, value mupt be shown iind full information given ao to bow March 1, 1913,
-value was determined. If the amount showQ as cost U other than actu^ cash
cost of the property sold, full details mu5t be furnished regarding the acquisi-
tion of the property.
Enter as depreciation the amount of exhaustion, wear aod tear, obsolescence,
■or depletion which has been allowed (but not less than the amount allowable)
•in retfpect of such property since date of acquisition, or since March 1, 1913, if
the property was acquired before that date. In addition, if the property was
Acquired before Marcn 1 , 1913. and if the cost of such property is greater than its
fair market value as of that dale, the cost shall be reduced by the depreciatioD
-actually sustained before that date. See Section 113 of the Revenue Act of 1932.
Subsequent Improvenienta include expenditures for additions, improvements,
And repairs made to ruatoro the propt^rty or prolong its useful life. Do not deduct
ordinary repairs, Interent, or taxes in computing gain or loss.
No lobS shall be recognized in any sole or other disposition of shares of stock or
.eecuritica where the corp-jration has acquired aubstantiolly identical stock or
.Ofccuntiea within 30 days beloro <jt after the date of such sale, unless the corpora-
tion IB a dealer in stock or eecurities jn the ordinary course of business.
Deductions for looses from salui or exchanges of stocka and bonds which are not
■capittil assets ad defined in Section 101 of the 1932 Act dhall be allowed only to
the ext«ot of the gains from such saJea or exchanges (including gains which may
be derived by a taxpayer from the retirement of hia own obligations). See
.Sectrou 23 (r) and (t)"of the 1932 Act.
11. Dividends.* — Enter as Item 11 (a) the amount received as dividends (1)
from a domestic corporation subject to taxation under Title I of the Revenue
Act of 1932, other than a corporation entitled to the benefits of Section 251 of
-the Revenue Act of 1932 and other than a corporation organized under the
China Trade Act, 1922, or (2) from a foreign corporation when it is shown to
the satisfaction of the Commistiioner 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 for such
part of such period as the corporation has been in exiatence) was derived from
.•ourees within the Cnlted States. Enter aa Item 1 1 (&) dividends from a domestic
■oorporatioo not subject to taxation under Title I of the Revenue Act of 1932.
£nter as Item 11 (c) dividends from a foreign corporation other than a foreign
corporation described in (2) of thia paragraph.
12. Other Income. — Enter as Item 12 all other taxable Income for which no
.flpaee Is provided on the return.
13. Total Income. — Enter as Item 13 the net amount of Items 3, and 6 to 12,
includvo, after deducting any losses reported Id Items 3, 6, and 10.
14. Compensation of offlcert. — Enter aa Item 14 the compensation of all
«ffioer«, In whatever form paid, and fill in Schedule C, giving the information
jiequested.
16. Rent — Ehiter as Item IG rent paid for business property in wlu'ch the
oorporation has do equity.
16. Repairs. — Enter aa Item 16 the cost of incidental repairs Including the
labor, supplies, and other items which do not add to the value or appreciably
prolong the life of the property. Enter as salaries and wages the compensation,
during the period covered by this retiim, of persons employed directly in connec-
tion with these incidental repairs, as shown in Schedule D. Expenditures for
new buildings, machinery, equipment, or for permanent improvements or better-
ments which increase the value of the property are chargeable to capital account.
Expenditures for restoring or replacing property are not deductible, aa such ex-
penditures are chargeable to capital accounts or to depreciation reserve, depend-
ing on how depreciation is charged on the books of the corporation.
17. Infereet.— Enter as Item 17 interest paid on business indebtcdneaa. Do
not include interest on Indebtcdnesd incurred or continued to purchase or carry
obligations or securities the interest upon which is wholly exempt from taxation.
16. Taxes. — Enter as Item 18 taxes paid or accrued during the taxable year.
Do. not include Federal income taxes, income taxes claimed as a credit In
Item 32, taxes assessed against local benefits tending to increase the value of
the property assessed. Federal taxes paid on bonds containing a tax-free cove-
nant, nor taxes not Imposed upon the taxpayer. No deduction is allowable for
any portion of foreign income and profits taxes if a fcredit is claimed in Item 32.
19. Losses. — Enter as Item 19 losses sustained during the year and not com-
pensated for by insurance or otherwise. Losses of buflincss property arising from
fire, storm, shipwreck, or other casualty, or from theft, should be explained In
Schedute F, giving the information requested.
20. Bad debts. — Enter aa Item 20 debts, or portions'thereof, arising from sales
or services that have been reflected in income, which have been definitely ascer-
tained to be worthless and have been charged off within the year, or such reason-
able amount as has been added to a reserve for bad debts within the year.
If the debts are Included in the deduction claimed, submit a schedule showing
the amounts charged off, and state how each was determined to bo worthless.
If the amount deducted la an addition to a reserve, enter in Schedule G the
amount of sales charged on account, and the amount of bad debts charged off,
for each of the years Indicated.
A debt previously charged off aa bad, if subsequently oollected, most be
returned as income for the jrear In which collected.
21. Dividends. — Enter aa Item 21 and describe In Schedule H dividends
reported aa income in Item 11 (o).
22. Depredation. — The amount deductible on account of depreciation In Item
22 is an amount fairly measuring the portion of the investment in depreciabla
property by reason of exhaustion, wear and tear, or obsolescence, which is prop-
erly chargeable against the opcrationa of the year. If the property was acquired
by purchase on or after March 1, 1913, the amount of depreciation should be
determined upon the basis of the original cost (not replacement cost) of the prop-
erty, and the probable number of years remaining of ita useful life. In case the
property was purchased prior to March 1, 1913, the amoimt of depreciation will
be determined In the same manner, except that it will bo computed on its original
cost, lees depreciation sustained prior to March 1, 1913, K>r the fair market
value as of that date, whichever is greater. If the property was acquired la
any other manner than by purchase see Section 114 of the Revenue Act of 1932.
The capital aum to be replaced should be charged off over the useful life of the
property either in equal annual installmenta 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 in the return. Stocks, bonds, and like
securities are not subject to exhaustion, wear and tear within the meaning of
the law.
If a deduction is claimed on account of depreciation Schedule I shall be filled
in, and the total amount claimed therein 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 or cost
must not be included in this schedule, and where land and buildings were
purchased for a lump sum the cost of the building subject to depreciation
must be established. The total amount of depreciation allowed on each prop-
erty in prior years must bo shown and if the cost of any asset has been fully
recovered through previous depreciation allowances, the cost of such asset
must not be included in the cost shown in the schedule of depreciable asseta
See Sections 23 (k) and 114 of the Revenue Act of 1932.
23. Depletion. — If a deduction is claimed on account of depletion, secure from
the collector Form D (minerals). Form E (coal), Form F (miscellaneous non-
metals). 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 previous years,
then file with this return information necessary to bring youi; depletion schedule
up to date, setting forth Ic full statement of all transactions bearing on deduc-
tions or additions to valuo of physical assets with explanation of how depletion
deduction for the taxable year has been determined. See Sections 23 (1) and
114 of the Revenue Act of 1932.
24. Other dedactions. — Enter other deductions authorized by law, except
deduction for net loss for 1931, and file with the return a schedule showing how
each deduction was computed.
25. Total deductions, except for 1931 net loss. — Enter as Item 25 the total of
Items 14 to 24, inclusive.
26. Net income withoat dedoctlon for 1931 net toss.— Enter ns Item 26 the
net Income, which ia obtained by deducting Item 25 from Item 13. The net
income of a corporation shFiU be computed upon the basis of its taxable year in
accordance with the method of accounting regularly employed in keeping the
books, unless such method does not clearly reflect the Income.
27. Net loss for I931.—Enter as Item 27 the amount of net loss for 1931, If
any. See Section 117 of tho Revenue Act of 1932. Submit schedule.
28. Taxable net Income. — Enter as Item 28 the net Inoomo subject to tax,
which is obtained by deducting Item 27 from Item 26.
CREDIT FOR TAXES
29. A nonresident foreign corporation subject to taxation may claim as a credit
In Item 31 any income tax required to be deducted and withheld at the source.
30. If, in accordance with Section 131 (a) of the Revenue Act of 1932, a
credit is claimed by a dOtoestio corporation in Item 32 o'o account of Income tax
paid to a foreign country or a possession of the United Stote«, aubniit Form 1118
with this return, together with the receipt for each such tax payment. In case
credit Is sought for taxes accrued the form must have attached to It *
certified copy of the return on which each such accrued tax was based, and the
Commissioner may require a bond op Form 1119 for the payment of any addi-
tional tax found due If the foreign tax when paid differs from the amount claimed.
A foreign corporation Is not entitled to claim this credit j-iaoot
STATISTICS OF INCOME
231
Fas« 2 of Instructions
UABILITY FOR FaiNG RETURNS
31. Corporatioaa (eneraDy. — Every domestic or reaident corpor&tioD, joint-
etock company, aesociation, or insurance company not specifically exempted by
Section 103 of the Revenue Act of 1932, wbether or not having any net Income,
muat file a return on this form, or on Form 1 120A if for a &ecal year.
32. CorpoTBlionB in possessions of the United Slates. — E>ome3tic corporatiooB
within the posseasionB of the United Stales (except the Virgjo Islands) may
Teport as gross income only groes income from sources within the United States,
provided, (a) 80 per cent or more of the gross income for the three-year period
immediately preceding the dose of the taxable year (or such part thereof as
nay be applicable) was derived from sources nitbin a posBession of the United
States; and (b) 50 per cent or more of the gross income for such period or such
part thereof was derived from the active conduct of a trade or business within
a possessioL of the United States.
33- Foreign corporations. — A foreign corporation subject to the provisions of
the Revenue Act of 1932, regardless of the amount of its net income, is required
to file a return with the collector in whose district is located its principal office
or agencv through which is transacted the business in the United States. The
net income should be computed iu accordance ^itb Section 119 of the Revenue
Act of 1932.
INSURANCE COMPANIES
34. life insurance companies. — A life insurance company issuing life insurance
and annuity contracts (includiog contrarcLs of combined life, health, and accident
^ insurance), as defined by Section 201 of the Revenue Act of 1932, shaU fiJe its
tax return on Form ll^L, instead of this form.
35. Mutual insurance companies. — A mutual insurance company (other than
a, life insurance company), in addition to the deductions allowed a corporation,
unless otherwise allowed, may claim as deductions in Item 24 of the return, (a)
the net addition required by law to be made within the taxable year to re erve
funds (including in the case of an Eissessmcnt insurance company the actual
deposit of sums with State o* Territorial officers pursuant to law as additions
to guarantee or reserve funds); and (6) the sums other than dividends paid
within the taxable year on pohoy and annuity contracts.
36. A mutual marine insuroace company shall include in its gross income in
Item 4 of this return the gross premiums collected and received, less amounts
paid for reinsurance, and in addition to the deductions allowed a corporation,
and to a mutual insurance company in Instruction 35 above, unless otherwise
idlowed, may claim as a deduction in Item 24 of the return amounts repaid to
policyholders on account of premiums previously paid by them, and interest
paid upon such amuuots between the ascert.'unment and the payment thereof.
37. A mutual insurance company (including interinsurance and reciprocal
underwriters, but nut including a mutual life or mutual marine insurance com-
pany) requiring its members to make premium depodta to p'rovide for losses
and expenses, in addition to the deductions allowed a corporation, and to a
mutual ineuraoce company in Instruction 35 above, unless othernisc allowed,
may claim as a deduction in Item 24 of the return, the amount of premium
deposits returned to its policyholders and the amount of premium deposits
retained for losses, cxpc^ises, and reinsurance re^e^^■e8.
38. The receipts of shipowners' mutual protection and indemnity associations
not organized for profit, and no part of the net earnings of which inures to the
benefit of any private stockholder or member, are exempt from taxation; but
such associations shall be subject as other corporations to the tax upon their
net income from interest, dividends, and rents.
39. Benevolent life in-iurance associations of a purely local character, mutual
ditch or irrigation companies, mutual or cooperative telephone companies, or
like organizations are eriompt from taxation only if 85 per cent or more of the
income consists of amounts collected from members for the sole purpose of
meeting losses and expenses.
40. Other insurance companies. — The net income of an insurance company
(other than a life or mutual insurance company referred to above) is the gross
income earned during the taxable year from investment income and from
underwriting income, computed on the basis of the uoderftritjng and investoaent
exliibit of the Annual Statement approved by the National Convention of
Innurance Commisaioners, plus the gain from the sale or other disposition of
property, less the deductions for ordinary and necessary expenses, interest,
taxes, losses, bad debts, depreciation, etc., as provided in Section 204 of the
Bevenue Act of 1932.
CONSOLIDATED RETURNS
41. Subject to the provisions of Section 141 of the Revenue Act of 1932 and
Regulations 78, an affiliated group of corporations may make a consolidated
Tetuni in lieu of separate returns.- The making of a consolidated return, and
the determination, computation, assessment, collection, and adjustment of tax
liabiUties under a consolidated return, are governed by Regulations 78. If a
consolidated return is made for any taxable year, a coneoUdated return must
be made for c.-\ch subsequent taxable year.
42. The parent corporation, when filing a consolidated return on this form,
BhaU attach thereto a schedule showing the names and addresses of all the
corporations included in the return. Each taxable year each sribsidiary must
prepare two duplicate oriRinals of Form 1122 consenting to Regulotions 78 and
authorizing the making of the return on its behalf. One of such fonns shall be
attached to the consolidated return as a part thereof, and the other shall be
filed, at or before the time the consolidated return is filed, in the office of the
collector for the subsidiary's district.
43. Supporting schedules shall be filed with the consolidated return. These
•chedulea shall be prepared in columnar form, one column being provided for
each corporation inch-ded in the consolidation, one column for a total of like
items before adjustments arc made, one column for intercompany eliminations
and adjustments, and one column for a total of like items after giving effect to
the eliminations and adjustments. The items included in the column for
eliminations and adjustments should be symboUzed to identify contra items
affected, and suitable cxplanatiuns appended, if necessary. Similar schedules
shall also contain in columnar form a reconciliation of surplus for each corpora-
tion, together with a reconciliation of the consolidated surplus.
44. Consolidated balance sheets 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
46. Every corporation should preserve, for loHpection by a revenue officer,
working papers showing the balance in each account on the corporation's books
used in preparing the return. *
BALANCE SHEETS
46. The balance Sheets on page 2 of the return. Schedule K, should agree
with the books, or any differences bhouid be reconciled. The balance sheets
for a cousolidated return should be furnished in accordance with Instruction 44.
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, in lieu of Schedule K, copies of
their balance sheets prescribed by said Commission or State and municipal
authorities, as at the beginning and end of the ta.Table year.
In case the balance sheet as at the beginning of the current taxable year does
not agree in ffvcry 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 uodcr Schedule K.
PERIOD COVERED
47. Except in the case of the first return the corporation shall make its returrt
on the basis upon which the return was made for the taxable year immediately
preceding unless, with the approval of the Ckjmmissioner, a change is made iii
the accountmg period.
48. If a corporation desires to change its accounting period from fiscal year
to calendar year, from calendar year to fiscal year, or from one fiscal year to
another fiscal year, an application for such change shall be made on Form 1 12*
and forwarded to the collector prior to the expiration of thirty days from the
close of the proposed taxable year,
49. Where the Commissioner approves a change in the accounting period,
the net income computed on the separate return for a fractional part of a year
shall be placed on an annual basis by multiplying the an.ount thereof by twelve
and dividing 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 oC
months in such period is of twelve moQths.
TIME AND PLACE FOB FILING
50. The return for the calendar year 1932 must be sent to the collector of
internal revenue for the district in which the corporation's principal office i»
located BO as to reach the collector's office oo or before March 15, 1933. In
the cose of a foreign corporation not having an^ office or place of business ia
the United States the returns shall be filed on or before June 15, 1933, with the-
CoUector of Internal Revenue. Baltimore, Maryland.
51. The coliector of internal revenue may grant a reasonable extension of
time for filing a return, not to exceed six months, if application therefor is
made before the date prescribed by law for filing such return, whenever in his
judgment good cause exists.
SIGNATURES AND VERIFICATION
52. The return shall be sworn to by the president, vice president, or other"
principal officer, and by the treasurer or assistant treasurer. The return of »-
foreign corporation having an agent in the United States shall be sworn to by
such agent. If receivers, trustees in bankruptcy, or assigoees are operating the
property or business of the corporation, such receivers, trustees, or assignees-
shall execute the return for such corporation under oath.
PAYMENT OF TAXES
53. 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 and 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, 1933, the second instalhnent shall be paid on or
before June 15, 1933, the third installment on or before September 15, 1933,
and the fourth insUUment on or before December 15, 1933.
If any inslaltment is not paid on the date fixed for its payment, the whole'
amount of the tax unpaid shall be paid upon notice and demand by the collector.
PENALTIES
54. For willful failure to make and filer
or imprisonment for not more than one
cent of the amount of the tax.
55. For willfuHT making a false or fraudulent return.— Not more than SIO.OOO'
or imprisonment for not more than five years, or both, together with the costs
of prosecution.
56. For deficiency in tax. — Interest on a 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 restrictions on assessment and collection, whichever date is the
cariier, 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
67. 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 tax imposed by Section 13 of the Revenue Act of 1932. In such
case the net income shall include interest on obligations of the United States
issued after September I. 1917, which would be subject to tax in whole or in part
in the hands of an individual owner, and dividends received from a domestic cor--
poratioD. See Section 104 of the Revenue Act of 1932.
INFORMATION AT THE SOURCE
58. Every corporation making payments of salaries, wages, interest, rent,.
commissions, or other fixed or determinable incftme of 51,000 or more during
the calendar year, to a single person, a partnership, or a fiduciary, or S2,500 or
more to a married person, or payments of dividends of ?500 or more to a person,
a partnership, or a fiduciary, U required to make a return on Forms 1090 and
1099 showing the amount of such payments and the name and address of each
recipient. These forms will be furnished by any collector of internal revenue
upon request. Such returns covering the calendar year 1932 must be forwarded
to the Commissioner of Internal Revenue, Sorting Section, Wftahingtoo, D. C.,.
In time to be received not later than February 15, 1933.
232
STATISTICS OF INCOME
Form II20 L
INSURANCE COMPANY INCOME TAX RETURN
FOR COMPANIES ISSUING LIFE AND ANNUITY CONTRACTS. INCLUDING COMBINED LIFE,
HE4LTH, AND ACCIDENT INSURANCE
For Calendar Year 1932
File Tht» Relum with Ihc Collector of Inlemal Revenue for Your Dialricl on or Before March 15, 1933
Do Nol Write ni Then Sfxcet
(Auditor-. Sump)
File
Code
Serial
Number _
PRINT PUINLY COMPANY'S NAME AND BUSINESS ADDRESS
Di.lrict_
(Ca.hiu-a Stamp}
(Nome)
(Stmt UK] Niimbiv>
(ro»l mt* aod Slat.)
Kind of Busmcaa
S
<J!S^H» CROSS INCOME
.. ur. D.,..tvE.s,
1 Oinsa Dtr..T»tvi3
3. TOT.L
1. Interest on Loans, Notes. MortRaccs, Bouds, Bank DeDOsita. etc
J.
s _
S
5 Dividends on Stock of
{a) Domestic Corporations
(6) Domestic Corporations
(c) Foreign Corporations ...
3. Rents (attach schedule).
4. Total Income in Items
D
£. Interest Exempt from Taxatior
6 per cent of the Mean of t
7. Dividends (Item 2 (a) above)
S Two per cent of the Reserve H
9 Investment Expenses (attach s-
lot subject to income tax under 1932 Act
.._.,
I TO 3 (rxtcnd total to column 3)
$
s
:diictions
(aUacli schedule)
S
1
s
s
1
11. Other Real Estate Expenses.
12, Depreciation, Obsolescence, an
_..._..
14. Total Dedcpctionb in I
15. Net Income (Item 4 m
16. Less; Net Loss for 19
17. Net Income for Tax C
TEMS 5 TO 13 (extend total to column 3)
s 1 1 1 !s I.......
lus Item 14) _
31 (submit schedule)
$
-
OUPUTATION (Item 15 minus Item 16)
$
COMPUTATION OF TAX
S
20. Less: Income Tax Paid to a Foreign Country or United States Possession by Domestic Company (see Instruction 16)
S
^^^^
.^^^
22. Net Income of Foreign Company from Sources within the United States ( % of Item 17) _
$
1
SCHEDULE A— RESERVE FUNDS
.. 1......
!.D|.ci»K,™orTa..,i>U.y...
3. E«o or T.aa.L. Y...
1 Reserve for OuUUndiii Policies and Annuities
8. ToTAUi or Items 1 to 7
$
$
Total of Columns 2 and 3, as shown in Item 8 above $..
Mean of the Reserve Funds for the Taxable Voar (onc-hall of Item 9) $..
per cent of the Mean of the Reserve Funds, as shown in Item 10 (see Instruction 6) $..
Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach statement) $..
Percentage which Item 12 is of Item 8, Column 3 (compute a fraction of 1 per cent to three decimal 6gurca) _
Give the Title and Sections of State Statutes or Insurance Department RulinRS Requiring the Reserves Claimed Above.
SCHEDULE B— INVESTED ASSETS BOOK VALUES
LIFE DEPARTMENT
OTnEB DEPARTMENTS
Hn..
Z DsoiKKiNa OF TaXABLB Ye*n
3. E«o or T.J..I. Y.««
..Bioi»».i.oorT....LiYia.
J E»D or T...»i. Yia.
8 ToTAUi or Items 1 to 7
$
s
1
»
S
, TuUI of Column* 2 to 5, Inclusive, as shown in Item 8 above $...
. Mean of the Invented Auet< for the Taxobic Year (one-half of Item 9) > $-.
, One-fourth of one per cent of the Mean of the Invested Aiwets $..
AFFIDAVIT
lurcr of the company for which thin return in made, being neverallv duly sworn, each for himnelf deposea and says
Hrhcdulca and atalcmcnt», lias twen examined by )iim and Is, to the best of bis knowledge and belief, a true and
the taxable year stated, pursuant to tho Hovenue Act of 1932, and the Kegulatlons issued Ihcreuodor.
We. the undcrsiRned, president and
that this return, Including the accompan;
-complete return, made in good faith for t
> and subscribed before me this day of ..
tllfDamraafofllesr sdinliilsUrliiiaBUi)
STATISTICS OF INCOME
233
INSTRUCTIONS
The Instructions Numbered 1 to 13 <
thJs Page Correspond with, the Iten
Page 1 of the Return
GROSS INCOME AND DEDUCTIONS
t. Interest. — Enter as Item 1 interest received from all sources during the
taxable year. Interest od bonds is considered iDcoinc when due and payable.
2. DiTidende.— Enter as Item 2 (a) the amount received as dividends (1)
from a domestic corporation subject to taxation under Title I of the Revenue
Act of 1932, other than a corporation entitled to the benefits of Section 251 of
the Revenue Act of 1932 and other than a torporation organized under the
China Trade Act, 1922, or (2) from a foreign corporation when it is shown to
' " " " " : than 50 per cent of the gross
Enter as Item 2 (c) dividends from a foreign corporation other than a foreign
corjJoratiun described in (2j of this paragraph. Submit schedule.
3. Rents. — Enter as Item 3 rents received from tenants.
4. Total Income. — Enter as Item 4 the total of Items I to 3, inclusive.
5. Interest exempt from taiation. — Enter as Item 5 the amount of interest
received on the following obligatione which are exempt from taxation: (1)
Obligations of a State, Territory, or any political subdivision 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) Obli-
gations of the United States or its possessions. Submit a schedule showing for
each class of securities, (a) name of obligation, (fc) amount of principal, (c) rate
of interest, and {d) interest received.
6. Percentage of the mean of the reserve funds. — Enter as Item 6 the amount
reported as Item 11 in Schedule A. There may be deducted from gross income
an amount equal to 4 per centum of the mean of the reserve funds required by
law and held at the beginning and end of the taxable year, except that in the
case of any such reserve fund which is computed at a lower interest assumption
rate, the rate of 3Ji per centum shall be substituted for 4 per centum, Life
insurance companies issuing policies covering life, health, and accident insurance
combined in one policy issued on the weekly premium payment plan, continuing
for life and no*, subject to cancellation, shall be allowed, in addition to the above,
t deduction of 3Ji per centum of the mean of such reserve funds {not required
y law) held at the beginning and end of the taxable year, as the Commissioner
finds to be necessary for the protection of the holders of such pohcies only.
7. Dividends. — Enter as Item 7 the total amount of dividends deductible
under Section 203 (a) (3) of the Revenue Act of 1932,
8. Two per cenl.of the reserve held for deferred dividends. — Enter nrf'Itera 8
&!} amount equal to 2 per cent of the reserve held at the end of the taxable year
for deferred dividends the payment of which is deferred for a period of not less
than five years from the date of the policy contract. Do not include in such
reserve dividends payable during the following taxable year.
9. Investment expenses. — Enter as Item 9 expenses paid which are properly
chargeable to investment expenses, the total amount of which, if there be any
allocation of general expenses to investment expenses, should not exceed one-
fourth of 1 per cent of the mean of the invested assets reported in Item 11, Sched-
tbe company, and that proportion of the taxes assessed against individual shi
holders and paid by the company without reimbursement, as provided in Sec-
tion 203 (a) (6) of the Revenue Act of 1932. Do not include taxes assessed
against local benefitB of a kind tending to increase the value of the property
building expenses, such as fire insurance, heat, light, febor, etc., 'and the cost of
incidental repairs which neither materially add to tjie value of the property
nor appreciably prolong its life, but keep it in an ordinarily elTicient 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 off which fairly measures the loss during the year
by reason of exhaustion, wear and tear, or obsolescence in the company's inveet-
ment in property used in the business. Such an amount should be determined
upon the basis of the cost of the property, or if purchased prior to March '1,
1913, the cost or value as of that date, whichever is greater, and the probable
number of years remaining of its useful life. In addition, if the property was
acquired l>efore March !, 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 deprecia-
tion actually sustained before that date. If a deduction is made on account
of depreciation the following schedule must be filled in and the total amount
claimed therein should correspond with the figures reflected in the companv's
books. In case obsolestence is included, state separately the amount claimed
and the basis upon which it is computed. Land values must not be included
in this schedule. Stocks, bonds, and like securities are not subject to depre-
ciation within the meaning of the law.
13. Interest on Indebtedness. — Enter as Item 13 the amount of interest paid
during the taxable year on the company's indebtedness, except on indebtedness
incurred or continued to purchase or carry oblieations or securities the interest
upon which is whoUv exempt from taxation. Interest paid on dividends held
on deposit and surrendered during the taxable year should be included in this
: Act
of 1932) as the rental value of the space not so occupied beara to the rental
value of the entire property. (Submit detailed schedule.)
CREDIT FOR TAXES
15. A foreign companv subject to taxation and not engaged in a trade or
business within the United States and not hav' ""
thcrt
or possession of the United Slates. Form 1118, together with the receipt for each
such tax payment, must be submitted with this return. If credit is claimed
for taxes accrued a bond may be also required on Form 1119. A foreign
ci>mpany is not entitled to claim this credit.
LIST OP ATTACHED SCHEDULES
17. Attach a list of the schedules accompanying this return, giving for each
a brief title and the schedule number. Place name and address of company
on each schedule.
COMPANIES .REQUIRED TO FILE A RETURN
idcnt insurance), the reserve Tunds of which held
comprise more than 50 per
(including life, health,
for the fulfillment of such c
reserve funds, shall file a return on this" form. See Sections 201 to 203 of tho
; Act of 1932.
19. Basis of return. — A return on this form shall be rendered on a cash receipts
and disbursements basis in conformity with the annual statement made to the
State Insurance Department, instead of the accrual basis.
20- Annual slatement. — A copy of the annual statement for life insurance
companies adopted bv the National Convention of Insurance Commissioners for
the year 1932, as filed V'ith the Insurance Department of the State in which the
company is located, together with copies of Schedule A (real estate) and ^hed-
ule D (bonds and stocks), must accompany this return. Similar copies for tho
preceding year must be also furnished, if not filed with the return for the pre-
PERIOD COVERED
21. The return shall be for the calendar year ended December 31, 1932, and
the net income computed on the calendar year basis in accordance with the
State laws regulating insurance companies.
TIME AND PLACE FOR FILING
22. The return must be sent to the Collector of Internal Revenue for the dis-
trict in which the company's principal office is located, so as to reach the col-
lector's office on or before March 15, 1933. In the case of a foreign companv
not having any office or place of business in the United States, the return shall
be filed with the Collector of Internal Revenue, Baltimore, Maryland, on or
before June 15, 1933.
The Collector of Internal Revenue may grant a reasonable extension of time
23. The return shall be sworn to bv the president, vice president, or other
principal officer, and by the treasurer or assistant treasorer. The return of a
foreign company having an agent in the United States slmll be swOm to by
such agent. An attorney or agent employed to represent the company before
the Department is not permitted to administer the oath.
PAYMENT OF TAX
24. Tiie tax should be paid by sending with the return a check or money order
drawn to the order of "Collector of Internal Revenue at tinsert name of city and
State)." Do not send cash by mail, nor pay it in person except at the collector's
The total tax in the case of a domestic company may be paid at the time of
filing the return, or in four equal installments, as follows: The first installment
shall be paid on or before March 15, 1933, the second installment shall be paid
on or before June 15, 1933, the third installment on or before September 15,
1933, and the'fourth instalhnent on or before December 15, 1933.
If any installment is not paid on the date fixed for its payment, the whole
amount of the tax unpaid shall be paid upon notice and demand by the collector.
25 per cent of the amount of the t
26. For willfultr making a false or fraudulc
or imprisonment for not more than five year
of prosecution.
27. For deficiency in tax. — Interest on a deficiency at 6 per cent per annum to
the date the deficiency is aBsessed, or to the thirtieth day after the filing of a
waiver of the restrictions on assessment and collection, whichever date is the
carher, 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.
INFORMATION AT SOURCE
28. Every corporation making payments of salaries, wages, interest, rents,
commissions, or other fixed or determinable income of $1,000 or more during the
calendar year to a single person, a partnership, or a fiduciary, or $2,500 or more to
a married person, or payments of dividends of $600 or more to a person, a partner-
ship, or a fiduciary, is required to make a return on Form 1096 and 1099 showing
the amount of such payments and the name and address of each recipient.
These forms ^11 be furnished by any collector of internal revenue upon request.
Such returns of information covering the calendar year 1932 must be forwarded
to the Commissioner of Internal Revenue, Sorting' Section, Washington, D. C,
in time to be received not later than February 15, 1933.
QUESTIONS
1. Date of incorporation
2. Under the laws of what State or country?
3. Did the company file a return under the same name for the preceding tax-
able year? Was the company in any way an outgrowth,
result, continuation, or reorganization of a business or businesses in existence
during this or any prior year since December 31, 1917? 1/
answer is "yes," give name and address of each predecessor business, and the
date of the change in entity:
Upon such change were any asset values increased or decreased?
4. State the amount of deferred dividend funds at the end of the taxable year,
exclusive of any amount held for payments during the following taxable year:
S „
5. Describe method used for determining investment expenses shown in Item 9:
6. Is the above method the same as that used in preparing the Gain and Loss
Exhibit for 19317 If not, state change and reason therefor:
7. Aie any general expenses in part assigned t
expenses shown in Item 9?
eluded in the investment
INDEX
A
Accident, casualty, fire, marine, mutual, total, etc., insurance companies, Page
income-tax returns of corporations (see also Insurance) 153
Accounts and notes payable, in corporation balance sheets:
Industrial groups 1 54—1 59
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Accounts and notes receivable, in corporation balance sheets:
Industrial groups 154-159
Industrial groups and total assets classes.. 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Additional tax, estate-tax returns 52-57
Aerial transportation, income-tax returns of corporations engaged in (see
also Transportation and other public utilities) _ — 151
Agricultural machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal products) 150
Agriculture and related industries:
Corporation income-tax returns:
Assets and liabilities, classified 154
Compiled receipts and statutory deductions, classified 136, 140, 144, 154
Consolidated returns 34
Industrial subgroups 148
Returns showing net income and no net income 22-24
Total assets classes 166
Years, 1923 to 1932 183
Individual income tax returns:
Net profit from business -- 15
Airplanes, seaplanes, etc., income-tax returns of corporations engaged in
manufacture of (see also Manufacturing not elsewhere classified) 151
Amusements — theaters, motion-picture producers and motion-picture
theaters, etc., income-tax returns of corporations (see also Service) 152
Artificial ice, butter substitutes, cereals, coffee, spices, dairy products,
etc., income-tax returns of corporations engaged in manufacture of
(see also Food products) 148
Asbestos, clay, granite, precious and semiprecious stones, salt, etc., income-
tax returns of corporations engaged in mining and quarrying (see also
Mining and quarrying) 148
Assets, in corporation balance sheets:
Explanatory text 29-31
Industrial groups 154—159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 32, 160-165
Years, 1926 to 1932 -- 49
Auto tires and tubes, etc., income-tax returns of corporations engaged in
manufacture of (see also Rubber products) 149
Autobus lines, taxicabs, etc., income-tax returns of corporations (see also
Transportation and other public utilities) 151
Average net income, tax, and tax rate percent, individual income-tax
returns 5, 65-66
61684—34 16 235
236 INDEX
B
Bad debts, corporation income-tax returns: Page
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Bakery and confectionery products, income-tax returns of corporations
engaged in manufacture of (see also Food products, including beverages) _ 148
Banking and related industries, income-tax returns of corporations engaged
in {see also Finance) 153
Beverages, soft drinks, distilling, etc., income-tax returns of corporations
engaged in manufacture of (see also Food products, including beverages) _ 148
Blastfurnaces, steel mills, rolling mill, products of, etc., income-tax returns
of corporations engaged in manufacture of (see also Metal and its prod-
ucts) 150
Bonded debt and mortgages, in corporation balance sheets:
Industrial groups 1 54-159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Bonds, estate-tax returns, by net estate classes 52-55
Bone, celluloid, and ivory products income-tax returns of corporations
engaged in manufacture of 149
Boots, shoes, slippers, etc., income-tax returns of corporations engaged in
manufacture of (see also Leather and its manufactures) 149
Brokers, stock and bond, etc., income-tax returns of corporations {see also
Finance) 153
Building and construction, etc., income-tax returns of corporations engaged
in {see also Construction) 151
Building materials and supplies, metal, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products) 150
Business, individual income-tax returns:
Amount and percent 10
Frequency distribution, by size of specific source of income 14
Industrial groups, number, net profit and percent 15
Net income classes 11-12, 77
No net income, amount 20
No net income, by deficit classes 20, 131
Percentage distribution 12-13
States 75
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income $5,000 and over 44-45
Business service, detective bureaus, trade shows, etc., income-tax returns of
corporations engaged in (see also Service) 152
C
Canned products, fish, fruit, vegetables, etc., income-tax returns of cor-
porations engaged in manufacture of (see also Food products, including
beverages) 148
Capital assets — -real estate, building, and equipment in corporation balance
sheets:
Industrial groups 154-159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Capital net gain, individual income-tax returns 8-9
Income from —
Amount and percent 8, 10
Frequency distribution, by size of specific source of income 14
Net income classes 11, 77
Net income exempt from normal tax 8
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 12
States 75
Years, 1922 to 1932 43-44
Years, 1922 to 1932, net income of $5,000 and over 44-45
INDEX 237
Capital net gain, individual income-tax returns — Continued.
Tax on — Page
Net income classes 67
Net income classes by States 81-130
Years, 1922 to 1932 38
Capital net loss, individual income-tax returns 8-9
Frequency distribution, by size of specific source of income 14
Net income classes 11, 78
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 13
States 76
Tax credit for —
Net income classes 67
Net income classes, bj' States 81-130
Years, 1924 to 1932 38
Capital stock, in corporation balance sheets:
Industrial groups 1 54-159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Capital stock in corporations, estate-tax returns, by net estate classes 52-55
Carpets, floor coverings, etc., income-tax returns of corporations engaged in
manufacture of {see also Textiles and their products) 149
Cartage and storage, income-tax returns of corporations engaged in {see
also Transportation and other public utilities) 151
Cash, in corporation balance sheets:
Industrial groups 154-159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Cash dividends paid, in corporation balance sheets:
Industrial groups 136-147, 154-159
Industrial groups and total assets classes 166-182
States 135
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Years, 1922 to 1932 27
Changes in tax laws affecting comparability of statistical data:
Corporation income-tax returns 210-213
Estate-tax returns 214-2 15
Gift-tax returns 216
Individual income-tax returns 202-209
Charitable bequests:
Estate-tax returns 52-55
Gift-tax returns 60-6 1
Chemicals and allied products:
Corporation income-tax returns:
Assets and liabilities, classified 157
Compiled receipts and statutory deductions, classified- 138, 142, 146, 157
Consolidated returns 34
Industrial subgroups 150
Returns showing net income and no net income 22-24
Total assets classes 175
Years, 1923 to 1932 185
Individual income tax returns:
Net profit from business 15
Cities, number of individual income tax returns by 21
Clothing, income tax returns of corporations engaged in manufacture of
{see also Textiles and their products) 149
Coal mining, income-tax returns of corporations engaged in (see also Mining
and quarrying) 148
Commission, income-tax returns of corporations (see also Trade) 152
238 INDEX
Common stock, in corporation balance sheets: Page
Industrial groups 1 54- 1 59
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Community property income, individual income tax returns:
Net income classes 74
Number of returns, net income, and percents 7
States and Territories 72
Comparability with previous years 5
Compensation of officers, corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Compiled net profit (or deficit), corporation income-tax returns:
Industrial groups 136-147, 154r-159
Industrial groups and total assets classes 166-182
Submitting and not submitting balance sheets 28
Total assets classes 32, 160-165
Compiled receipts, corporation income-tax returns:
Industrial groups 136-147, 154-159
Industrial groups and total assets classes 166-182
Submitting and not submitting balance sheets 28
Total assets classes 32, 160-165
Consolidated returns for affiliated corporations 33
Industrial groups 1 34
Net income and deficit classes 35
Subsidiaries, number of 35
Construction:
Corporation income-tax returns:
Assets and liabilities, classified 158
Compiled receipts and statutory deductions, classified. 139, 143, 147, 158
Consolidated returns 34
Industrial subgroups 151
Returns showing net income and no net income 22-24
Total assets classes 178
Years, 1923 to 1932 186
Individual income-tax returns:
Net profit from business 15
Contributions, individual income-tax returns:
Amount and percent 10
Net income classes 12, 78
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 13
States 76
Years, 1917, 1920, 1922 to 1932 43-44
Years, 1917, 1922 to 1932, net income of $5,000 and over 44-46
Corporation assets and liabilities. (See Assets and liabilities.)
Corporation deficit:
Assets and liabilities, classified 154-159
Compiled receipts and statutory deductions, classified 136-147, 154—159
Consolidated returns 34-35
Deficit classes 25
Deficit classes by years 48
Defined 3
Fiscal and part year returns 36-37
Industrial groups 24, 136-147, 154-169
Industrial groups and subgroups 148-153
Industrial groups by years, 1923 to 1932 183-187
Returns showing net income and no net income 30
States 135
Submitting and not submitting balance sheets 28
Total assets classes 32, 160-165
Years, 1916 to 1932 47
Years, 1923 to 1932, by States 188-198
Years, 1926 to 1932, in corporation balance sheets 49
INDEX 239
Corporation income, income-tax returns:
Gross: Pag«
Consolidated returns 34
Industrial groups 22-24
Industrial groups and subgroups 148-153
Industrial groups by years, 1923 to 1932 183-187
States 134-135
Years, 1916 to 1932 47
Net:
Assets and liabilities 154-159
Compiled receipts and statutory deductions 136-147, 154-159
Consolidated returns 34-3 5
Defined 3
Fiscal vear returns 36
Industrial groups 23, 136-147, 154-159
Industrial groups and subgroups 148-153
Industrial groups and total assets classes 166-182
Industrial groups by years, 1923 to 1932 183-187
Net income classes 25
Part vear returns 37
States 134
States by years, 1923 to 1932 188-198
Total assets classes 32, 160-165
Years bv net income classes 48
Years, 1909 to 1932 47
Corporation income tax:
Amount and percent 21
Compared with tax collections 3-4
Compiled receipts and statutory deductions 136-147, 154-159
Consolidated returns 34-35
Fiscal year returns 36-37
Income and profits taxes paid foreign countries 26
Industrial groups 23, 136-147, 154-159
Industrial groups and subgroups 148-153
Industrial groups by years, 1923 to 1932 183-187
Net income classes 25
Part year returns 37
Rates 208
States 135
States by years, 1923 to 1932 188-198
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Years, 1909 to 1932 47
Corporation income-tax returns (see also Corporation deficit; Corporation
income; Corporation income tax):
Assets and liabilities, by industrial groups 154-159, 160-165
Changes in tax laws affecting comparability of statistical data 210-213
Comparison 1932 and 1931 returns 3-4
Compiled receipts and statutory deductions 136-147,154-159
Consolidated returns 34-35
Deductions allowed life insurance companies 22
Deductions in. {See Deductions.)
Dividends. (See Dividends paid and Dividends received. Corpora-
tion income-tax returns.)
Fiscal and calendar year returns tabulated 1-2
Fiscal and part year returns 36-37
Geographic distribution 4
Industrial classification 4
Net income and deficit classes 25
.Number of — ■
Balance sheets 30, 49
Industrial groups 22-24
Industrial groups and subgroups 148-153
States 134-135
Years, 1909 to 1932 47
Years, 1929 to 1932, net income and deficit classes 48
240 INDEX
Corporation income-tax returns — Continued.
Returns showing net income and no net income: Page
Compiled receipts and statutory deductions 136-147, 154-159
Industrial groups 22-24, 136-147, 154-159
Industrial groups and subgroups 148-153
Industrial groups by years, 1923 to 1932 183-187
States 134-135
Years, net income and deficit classes 48
Years, 1923 to 1932, by States 188-198
Submitting and not submitting balance sheets 28
Total assets classes 32, 160-165, 166-182
Corporation compiled net profit (or deficit). {See Compiled net profit (or
deficit).)
Corporation statutory deductions. (See Statutory deductions.)
Corporation statutory net income. {See Statutory net income.)
Corporation surplus and undivided profits. {See Surplus and undivided
profits.)
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 47
Cost of goods sold, corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Cotton goods— dress goods, plain cloth, etc., income-tax returns of corpo-
rations engaged in manufacture of {see also Textiles and their products) _ 149
Counties, number of individual income-tax returns by 21
Credits, tax:
Estate tax returns by net estate classes 52-55
Individual income-tax returns, classified:
Capital net loss 9, 38
Net income classes 67
States, by net income classes 81-130
Years, 1922 to 1932 38
Cumulative distribution of individual income-tax returns. {See Individual
income-tax returns.)
D
Debts, bad, corporation income-tax returns. {See Bad debts.)
Debts, unpaid mortgages, etc., estate-tax returns by net estate classes — 52-55
Deductions:
Corporation income-tax returns:
Industrial groups 22-24
Returns showing net income and no net income 22-24
States 134-135
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Estate-tax returns:
Net estate classes 52-55
Gift-tax returns:
Net gift classes 60-61
Total gift classes 61
Individual income-tax returns:
Amount and percent 10'
Interest paid:
Net income classes 80
States 79
Net income classes 11-12
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 13
Prior year loss 9
States 76
Taxes paid other than income tax:
Net income classes 80
States 79
Years, 1916 to 1932 43-44
Years, 1916to 1932, net income of $5,000 and over 44-46
INDEX 241
Deficit. (.See Individual deficit; Corporation deficit.)
Depletion, corporation income-tax returns: Pase
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Depreciation, corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Dividends received:
Corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting blance sheets 28
Total assets classes 160-165
Individual income-tax returns:
Amount and percent 8, 10
Frequency distribution by size of specific source of income 14
Net income classes 11
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 12
States 75
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income of $5,000 and over 44-45
Dividends paid, corporation income-tax returns 27
Industrial groups 136-147, 154-159
Industrial groups and total assets classes 166-182
States 135
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Years, 1922 to 1932 27
Domestic service — laundries, restaurants, etc., income-tax returns of cor-
porations (see also Service) 152
E
Earned net income, tax credit, 1924 to 1931 38
Electric light and power companies, income-tax returns of corporations
(see also Transportation and other public utilities) 151
Electrical machinery and equipment, income-tax returns of corporations
engaged in manufacture of (see also Metal and its products) 150
Electric railways, etc., income-tax returns of corporations (see also Trans-
portation and other public utilities) 151
Estate-tax returns:
Changes in tax laws affecting the comparability of statistical data- _ 214-215
Explanatory text 50-5 1
Net estate classes 52-55, 57
Number 52-55
States, resident decedents 56
Years, 1916 to 1933, resident and nonresident decedents 58
Excess-profits tax:
Corporation income-tax returns:
Amount 47
Rates 211-212
Individual income-tax returns:
Amount (note 2) 38
Rates 206
Partnerships (note 2) 38
Exemptions from tax:
Estate-tax returns 52-55
Gift-tax returns 60-61
Individual income-tax returns 8, 65-66
F
Factory machinery, etc., income-tax returns of corporations engaged in
manufacture of (see also Metal and its products) 150
Farming, cotton, grain, stock, etc., income-tax returns of corporations
engaged in (see also Agriculture and related industries) 148
242 INDEX
Fertilizers, income-tax returns of corporations engaged in manufacture of Pago
(see also Chemicals and allied products) 150
Fiduciary income, individual income-tax returns:
Amount and percent 10
Net income classes 11, 77
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 12
States 75
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income $5,000 and over 44-45
Finance:
Corporation income-tax returns:
Assets and liabilities, classified 159
Compiled receipts and statutory deductions, classified 139,
143, 147, 159
Consolidated returns 34
Industrial subgroups 153
Returns showing net income and no net income 22-24
Special deductions allowed life insurance companies 22
Total assets classes 181
Years, 1923 to 1932 187
Individual income-tax returns:
Net profit from business 15
Fiscal year returns:
Corporation:
Month ending the fiscal year 36
Net income and deficit classes 36
Tabulated 1,2
Food products, including beverages:
Cforporation income-tax returns:
Assets and liabilities, classified 155
Compiled receipts and statutory deductions, classified. 137, 141, 145, 155
Consolidated returns 34
Industrial subgroups 148
Returns showing net income and no net income 22-24
Total assets classes.^ 168-169
Years, 1923 to 1932 183
Individual income-tax returns:
Net profit from business 15
Foreign taxes:
Corporation income and profits taxes paid foreign countries 26
Forest products:
Corporation income-tax returns:
Assets and liabilities, classified ^ 156
Compiled receipts and statutory deductions, classified 137,
141, 145, 156
Consolidated returns 34
Industrial subgroups 149
Returns showing net income and no net income 22-24
Total assets classes 172-173
Years, 1923 to 1932 184
Individual income-tax returns:
Net profit from business — 15
Forestry, fishing, ice harvesting, etc., income-tax returns of corporations
engaged in (see aZso Agriculture and related industries) 148
Forms:
Corporation income-tax returns, 1120, 1120L 226-233
Individual income-tax returns, 1040, 1040A ■ 220-225
Frequency distribution of individual returns by size of income from specific
sources ^^
Funeral and administrative expenses — estate-tax returns, by net estate
classes 52-55
Fur. (See Textiles not elsewhere classified.)
Furniture, etc., income-tax returns of corporations engaged in manu-
facture of (see also Forest products) ' 149
INDEX 243
G
Gas companies, artificial and natural, income-tax returns of corporations Page
{see also Transportation and other public utilities) 151
General explanations 1-62
Geographic distribution of returns defined 4
Gift-tax returns:
Explanatory text 58-59
Net gift classes 60
Total gift classes 61
Gloves, harness, saddlery, tanning, trunks, etc., income-tax returns of
corporations engaged in manufacture of (see also Leather and its
manufactures) 149
Government securities, whollj' and partially tax-exempt, reported in
individual income-tax returns. {See Tax-exempt obligations.)
Gross income, corporation income-tax returns:
Consolidated returns 34
Defined 3
Industrial groups 22-24
Industrial groups and subgroups 148-153
Industrial groups by years 1923 to 1932 183-187
States 134-135
Years, 1916 to 1932 47
Gross estate, estate-tax returns:
Net estate classes 52-55
States, resident decedents 56
Years, 1916 to 1933, resident and nonresident decedents 58
Gross receipts from other operations, corporation income-tax returns:
Industrial groups 136-147, 154-159
Industrial groups and total assets classes 166-182
Submitting and not submitting balance sheets 28
Total assets classes 160, 165
Gross sales, corporation income-tax returns:
Industrial groups 136-147, 154-159
Industrial groups and total assets classes 166-182
Submitting and not submitting balance sheets 28
Total assets classes 160-165
H
Hardware, tools, etc., income-tax returns of corporations engaged in man-
ufacture of {see also Metal and its products) 150
Heads of families, classified, individual income-tax returns 7
Number and net income:
Net income classes 73
States 71
Historical summaries:
Estate tax returns:
Resident and nonresident, 1916 to 1933 58
Corporation income-tax returns:
Assets and liabilities, 1926 to 1932 49
Industrial groups, 1923 to 1932 183-187
Net income classes, 1929 to 1932 48
States, 1923 to 1932 188-198
Years, 1909 to 1932 47
Individual income-tax returns:
Average rate of tax, 1916 to 1932 42
Net income by net income classes, 1916 to 1932 40
Number by net income classes, 1914 to 1932 39
Sources of income, 1916 to 1932 43-46
States, 1922 to 1932 81-130
Tax, 1916 to 1932 41
Years, 1913 to 1932 -_- 38
Holders and lessors of mining property, income-tax returns of corporations
{see also Mining and quarrying) 148
Holding companies, income-tax returns of corporations {see also Finance). 153
Household machinery and equipment, income-tax returns of corporations
engaged in manufacture of {see also Metal and its products) 150
244 INDEX
Husbands and wives, individual income-tax returns of: Page
Number and net income 7
Net income classes 73
States 71
I
Income and profits taxes paid foreign countries, corporation income-tax
returns 26
Income. {See Corporation income; Individual income.)
Income tax. (*See Corporation income tax; Individual income tax.)
Income-tax rates. {See Synopsis of income and profits tax rates.)
Income-tax returns. {See Corporation income-tax returns; Individual
income-tax returns.)
Individual income:
Net:
Average per return 5
Defined 3
Exempt from normal tax 8
Net income classes -- 6, 66
Net income classes and by sex and family relationship 73-74
Net income classes and by States 81-130
Percentage distribution 13
Sex and family relationship 7, 71-74
Simple and cumulative distribution, amounts and percentages,
by net income classes 6, 69
States 65
States and by sex and family relationship 7 1-72
Years, 1913 to 1932, amount 38
Years, 1916 to 1932, and by net income classes 40
Years, 1921 to 1932, and by States 81-130
Nontaxable, under $10,000:
Net income classes 66
Net income classes and by States 81-130
Sources of:
Amount and percent of total 10
Frequency distribution, by size of specific source of income 14
Net income classes 11, 77-78
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 12
States 75-76
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income of $5,000 and over 44-45
Total:
Net income classes 11, 78
Percentage distribution 12
States 76
Individual income tax (see also Excess-profits tax; Capital net gain):
Amount, average per return, and rate on net income 5, 66
Amount, by States 65
Average per return:
For 1932 and 1931 5
Net income classes 66
States 65
Years, 1916 to 1932, and by net income classes 42
Comparison, 1932 and 1931 5
Credits, (^'ee Credits, individual income-tax returns.)
Net income classes 41, 66
Net income classes and by States 81-130
Normal tax:
Net income classes 67
Net income classes and by States 81-130
Kates 203
Years,'! 9Y3" to T9"3"2."_" 38
Simple and cumulative distribution, amounts and percentages, by net
income classes 6, 70
INDEX 245
Individual income tax — Continued. ^^s^
States 65
Surtax:
Net income classes 67
Net income classes and bv States 81-130
Rates : 206-207
Years, 1913 to 1932 38
Total:
Net inconae classes 6
Net income classes and by States 81-130
States 65
Years, 1913 to 1932 38
Years, 1916 to 1932, and by net income classes 41
Years, 1921 to 1932, and by States ----- 81-130
Individual income-tax returns {see also Individual income; Individual
income tax) :
Changes in tax laws affecting comparability of statistical data 202-209
Credits 203,206-209
Excess-profits tax rates 208
Normal tax rates 203
Personal exemption 203
Requirements for filing returns 203
Surtax rates 205-206
Comparison 1932 and 1931 returns 5
Deductions in. {See Deductions.)
Fiscal year returns tabulated 1-2
Geographic distribution 4
Method of compiling data, individual income-tax returns with net
income under $5,000 2-3
Net income classes and, under $10,000, by taxable and nontaxable
returns 66-67
Net income classes, by States and, under $10,000, by taxable and non-
taxable returns 81-1 30
No net income 20
Deficit classes 20
Sources of income and deduction 20, 131
States, number of returns and amount of deficit 131
Number of:
Counties, cities, and townships 21
Frequency distribution, by size of specific source of income 14
Net income classes 6
Net income classes, by years, 1914 to 1932 39
No net income 131
Sex and family relationship 71-74
Simple and cumulative distribution, percentages by net income
classes 68
States 65, 81-130
Taxable and nontaxable returns, by years, 1916 to 1932 38
Years, 1913 to 1932 38
Percentage of population filing, by States 65
Population as of July 1, 1932, by States 65
Procedure in tabulation 1-2
Sex and family relationship:
Amount and percent 7
Net income classes and, under $10,000, by taxable and nontax-
able returns 73-74
Revised figures for 1931 7
States ---- 71-72
Simple and cumulative distribution, number, and percent, by net
income classes 6, 68
Sources of income and deductions:
Amount and percent of total 10
Frequency distribution, by size of specific source of income 14
Net income classes 11-12, 77-78
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 12-13
246 INDEX
Individual income tax-returns — Continued.
Sources of income and deductions — Continued. Page
States 75-76-
Years, 1916 to 1932 43-44
Years, 1916 to 1932, for net income of $5,000 and over 44-46
States 65,81-130
Tax-exempt obligations 18-19
Unaudited returns tabulated 2
Years, by net income classes 39
Years, 1913 to 1932, number, net income, and tax 38
Individuals required to file returns, 1913 to 1932. {See Synopsis of income
and profits taxes.)
Industrial classification, corporation income-tax returns 4
Insurance — estate-tax returns by net estate classes 52-55
Insurance companies, not agents (see also Finance) :
Income-tax returns of corporations 153
Special deductions allowed 22
Interest other than tax-exempt, individual income-tax returns:
Net income classes 11
No net income, by deficit classes 20*
Percentage distribution 12
Years, 1919 to 1932 43-44
Years, 1927 to 1932, net income of $5,000 and over 44-45
Interest on Government obligations. (*See Tax-exempt obligations.)
Interest paid:
Corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165'
Individual income-tax returns:
Net income classes 80
States - 79
Years, 1927 to 1932 80
Interest received:
Corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Individual income-tax returns:
Amount and percent 8, 10
Net income classes 11, 19, 77-78
No net income, amount 20
No net income, deficit classes 131
Percentage distribution 12
States 75-76
Years, 1927 to 1932 43-44
Years, 1927 to 1932, net income $5,000 and over 44^45
Inventories, in corporation balance sheets:
Industrial groups 154-159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 --- 49
Investments — tax exempt and other than tax exempt, in corporation
balance sheets:
Industrial groups 154-159
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
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) 150>
INDEX 247
J
Jewelry- — Precious metal products and processes, income-tax returns of Page
corporations engaged in manufacture of {see also Metal and its products) . 150
Joint returns of husbands and wives, individual income-tax returns:
Number and net income 7
Net income classes 73
States 71
Joint stock land banks, income-tax returns of corporations {see also
Finance) 153
K
Knit goods, hosier}-, sweaters, etc., income-tax returns of corporations
engaged in manufacture of {see also Textiles and their products) 149
L
Leather and its manufactures:
Corporation income-tax returns:
Assets and liabilities, classified 155
Compiled receipts and statutory deductions, classified. 137, 141, 145, 155
Consolidated returns 34
Industrial subgroups 149
Returns showing net income and no net income 22-24
Total assets classes 171
Years, 1923 to 1932 184
Individual income-tax returns:
Net profit from business 15
Liabilities, in corporation balance sheets:
Industrial groups ^ 154—159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 32, 160-165
Years, 1926 to 1932 49
Life insurance companies, income-tax returns of corporations:
Special deduction allowed 22
Loan companies, etc., income-tax returns of corporations {see also Finance) . 153
Locomotives and railroad equipment, income-tax returns of corporations
engaged in manufacture of {see also Metal and its products) 150
Loss from sale of capital assets:
Corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Loss from sale of real estate, stocks, bonds, etc:
Individual income-tax returns:
Amount and percent 10
Frequency distribution, by size of specific sources of income 14
Net income classes 11, 78
No net income, amount 20
No net income, deficit classes 131
Percentage distribution 13
States 76
Tax credit 81-130
Years, 1922 to 1932 ^- 43-44
Years, 1928 to 1932, net income of $5,000 and over 45-46
M
Machinery^ — Building, construction, mining, etc. {See Metal and its
products.)
Manufacturing:
Corporation income-tax returns:
Assets and liabilities, classified 155-157
Compiled receipts and statutory deductions, classified 136-
147, 155-157
Consolidated returns 34
Industrial subgroups 148-151
248 INDEX
Manufacturing — Continued.
Corporation income-tax returns — Continued. Page
Returns showing net income and no net income 22-24
Total assets classes 167-177
Years, 1923 to 1932 183-186
Individual income-tax returns:
Net profit from business 15
Manufacturing not elsewhere classified:
Corporation income-tax returns:
Assets and liabilities, classified 157
Compiled receipts and statutory deductions, classified 139,
143, 147, 157
Consolidated returns 34
Industrial subgroups 151
Returns showing net income and no net income 22-24
Total assets classes 177
Years, 1923 to 1932 186
Individual income-tax returns:
Net profit from business 15
Men, individual income-tax returns:
Number and net income 7
Net income classes 73
States 71
Metal mining, copper, gold, iron, silver, etc., income-tax returns of corpora-
tions engaged in {see also Mining and quarrying) 148
Metal and its products: ^
Corporation income-tax returns:
Assets and liabilities, classified 157
Compiled receipts and statutory deductions, classified 138,
142, 146, 157
Consolidated returns 34
Industrial subgroups 150
Returns showing net income and no net income 22-24
Total assets, classes 176-177
Years, 1923 to 1932 186
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) 148
Milling and quarrying:
Corporation income-tax returns:
Assets and liabilities, classified 154
Compiled receipts and statutory deductions, classified 136,
140, 144, 154
Consolidated returns 34
Industrial subgroups 148
Returns showing net income and no net income 22-24
Total assets, classes 167
Years, 1923 to 1932 183
Individual income-tax returns:
Net profit from business 15
Miscellaneous assets, in corporation balance sheets:
Industrial groups 154-159
Items included 29
Returns showing net income and no net income 30
Total assets, classes 160-165
Years, 1926 to 1932 49
Miscellaneous deductions, corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets, classes 160-165
Miscellaneous liabilities, in corporation balance sheets:
Industrial groups ^^^"^on
Items included 29-30
Returns showing net income and no net income 30
Total assets, classes ^^^~^^o
Years, 1926 to 1932 49
INDEX 249
Miscellaneous receipts, corporation income-tax returns: Page
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets, classes 160-165
Mortgages in corporation balance sheets. {See Bonded debt and mort-
gages.)
Mortgages, notes, and cash, estate-tax returns, by net estate classes 52-55
Motion-picture producers, income-tax returns of corporations (see also
Service — Amusements) 152
Motion-picture theaters, income-tax returns of corporations (see also
Service — Amusements) 152
Motor vehicles, complete or parts, income-tax returns of corporations en-
gaged in manufacture of (see also Metal and its products) 150
Musical instruments, optical goods, etc., income-tax returns of corpora-
tions engaged in manufacture of {see also Manufacturing not elsewhere
classified) 151
N
National banks, income-tax returns of corporations ' 153
Net estate, estate-tax returns by net estate classes 52-55, 57
Net income, corporation or individual. {See Corporation income; Indi-
vidual income.)
Net loss from business and partnership, individual income-tax returns:
Amount and percent 10
Net income classes 11, 78
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 13
States 76
Years, 1926, 1927, 1930 to 1932 44-46
Net loss for prior year:
Corporation income-tax returns:
Consolidated returns 34
Defined 26
Fiscal year returns 36
Industrial groups 136-147, 154-159
States 134
Submitting and not submitting balance sheets 28
Total assets classes _ _ 160-165
Years, 1922 to 1932 26
Individual income-tax returns:
Defined 9
Net income classes 78
States __ _ 76
Years, 1922 to 1932 9
Net estate, estate-tax returns {see also Estate-tax returns) :
Defined 50
Net estate classes 52-55, 57
States, resident decedents 56
Years, 1916 to 1933, resident and nonresident 58
Normal income tax, individuals {see also Individual income tax) _ _ 38, 67, 81-130
Notes and accounts payable, in corporation balance sheets:
Industrial groups 154-159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes _ _ 160-165
Years, 1926 to 1932 49
Notes and accounts receivable, in corporation balance sheets:
Industrial groups 1 54-1 59
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
250 INDEX
o
Obligations of the United States and its possessions, etc., individual
income-tax returns: Page
Amount owned and interest received, by net income classes 18-19
Obligations of States and Territories:
Amount owned and interest received, by net income classes 18-16
OflSce equipment, etc., income-tax returns of corporations engaged in
manufacture of (see also Metal and its products) 150
Oil and gas, income-tax returns of corporations engaged in production of
(see also Mining and quarrying) 148
Other income, individual income-tax returns:
Amount and percent 10
Net income classes 11, 78
No net income 20
Percentage distribution 12
States 76
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income $5,000 and over 44-45
P
Packing-house products, bacon, fresh meats, hams, etc., income-tax returns
of corporations engaged in manufacture of (see also Food products) 148
Paper, pulp, and products:
Corporation income-tax returns:
Assets and liabilities, classified 156
Compiled receipts and statutory deductions 137, 141, 145, 156
Consolidated returns 34
Returns showing net income and no net income 22-24, 149
Total assets classes 173
Years, 1923 to 1932 185
Individual income-tax returns:
Net profit from business 15
Part year returns, corporation income-tax returns 37
Partnership returns of income, number of, 1917 to 1932 21
Partnership, individual income from:
Amount and percent 10
Defined 10
Net income classes 11, 77
No net income, amount 20
No net income, deficit classes 131
Percentage distribution 12
States 75
War excess-profits tax (note 2) 38
Years, 1917 to 1932 43-44
Years, 1917 to 1932, net income of $5,000 and over 44-45
Personal exemption, individual income-tax returns:
Amount and percent 8
Net income classes, and under $10,000 by taxable and nontaxable
returns 66
States 65
Petroleum and other mineral oil refining, income-tax returns of corpora-
tions engaged in (see also Chemicals and allied substances) 150
Power of appointment, estate-tax returns, by net estate classes (note 2) 54
Precious metals, jewelry, products and processes, etc., income-tax returns
of corporations engaged in manufacture of (see also Metal and its prod-
ucts) --- 150
Preferred stock, in corporation balance sheets:
Industrial groups 154-159
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
INDEX 251
Printing and publishing:
Corporation income-tax returns: Page
Assets and liabilities, classified 157
Compiled receipts and statutory deductions, classified 138,
142, 146, 157
Consolidated returns 34
Returns showing net income and no net income 22-24, 149
Total assets classes 174
Years, 1923 to 1932 185
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) 152
Profit from sale of capital assets:
Corporation income-tax returns:
Industrial groups 136-147, 154-159'
Submitting and not submitting balance sheets 28-
Total assets classes 160-165
Profit from sale of real estate, stocks, bonds, etc.:
Individual income-tax returns:
Amount and percent 10
Frequency distribution, by size of specific sources of income 14
Net income classes 11, 77
Net income, amount 20
No net income, by deficit classes 131
Percentage distribution 12
States 75
Years 1917 to 1932 _ _ 43—44
Yearsi 1917 to 1932," net income of $5,665 and over l.l. 44-45
Property in estate-tax returns of resident decedents by net estate classes,
classified 52-55
Property previously taxed, estate-tax returns (note 2) 54
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) 151
Radios, complete or in parts, income-tax returns of corporations engaged in
manufacture of {see also Manufacturing not elsewhere classified) 151
Rail transportation, income-tax returns of corporations engaged in {see
also Transportation and other public utilities) 151
Real estate, buildings and equipment. {See Capital assets.)
Real estate and holding companies, etc., income-tax returns of corpora-
tions {see also Finance) 153
Real estate, estate-tax returns by net estate classes 52-55-
Receipts compiled, income-tax returns of corporations. {See Compiled
receipts, corporation returns.)
Rents and royalties:
Corporation income-tax returns:
Industrial groups • 136-147, 154-159
Submitting and not submitting balance sheets 28-
Total assets classes 160-165
Individual income-tax returns:
Amount and percent 10
Frequency distribution, by size of specific source of income 14
Net income classes II, 77
No net income, amount 20
No net income, by deficit classes 131
Percentage distribution 12
States _ ___ 75
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income of $5,000 and over 44-4.5.
61684—34 17
252 INDEX
Page
Restaurants, hotels, etc., income-tax returns of corporations {see also
Service) 152
Retail trade, income-tax returns of corporations engaged in (see also
Trade) 152
Returns tabulated, individual and corporation 1-2
Returns on Form 1040, no net income:
By deficit classes 131
By sources of income and deductions 20
States 131
Jlevenue Acts, 1909 to 1932:
Corporation income-tax returns:
Income and profits tax rates, exemptions and credits 210-212
Estate-tax returns:
Tax rate, specific exemption, and credits against estate tax — 214-215
Excess profits tax rates, war and 208-211
Gift tax returns:
Tax rates, exemptions, etc 216
Individual income-tax returns:
Required to file returns; personal exemption, credit for depend-
ents, and normal tax rates 202-203
Supplemental income-tax rates and tax credits 208-209
Surtax rates 206-207
Revised items, individual income-tax returns, sex and family relationship. 7
Royalties. (See Rents and royalties.)
Rubber products:
Corporation income-tax returns:
Assets and liabilities, classified 156
Compiled receipts and statutory deductions, classified. 137, 141, 145, 156
Consolidated returns 34
Industrial subgroups 149
Returns showing net income and no net income 22-24
Total assets classes 171-172
Years, 1923 to 1932 184
Individual income-tax returns:
Net profit from business 15
S
Salaries and wages, individual income from. (See Wages and salaries.)
Sale of real estate, stocks, bonds, etc. {See Profits from sale of real estate,
stocks, bonds, etc.)
Sales, gross. (See Gross sales.)
Sawmill and planing-mill products, income-tax returns of corporations
engaged in manufacture of (see also Forest products) 149
Securities, wholly and partially tax-exempt. {See Tax-exempt obligations;
Obligations.)
Service:
Corporation income-tax returns:
Assets and liabilities, classified 159
Compiled receipts and statutory deductions, classified. 139, 143, 147, 159
Consolidated returns 34
Industrial subgroups oo^o^
Returns showing net income and no net income 22-24
Total assets classes 1 180-181
Years, 1923 to 1932 18"
Individual income-tax returns:
Net profit from business -- I''
.Shipbuilding and repairing, income-tax returns of corporations engaged in
(see also Construction) --- ^51
.Silk and rayon goods, etc., income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products) 149
.Simple and cumulative distribution of individual income-tax returns.
(See Individual income-tax returns.)
Soft drinks, mineral waters, wine, etc., income-tax returns of corporations
engaged in manufacture of (see also Food products) 148
INDEX 253
Sources of income and deductions, individual income-tax returns: F&ge
Amounts and percent 10
Frequency distribution by size of specific income and deductions 14
Net income classes 11-12, 77-78
No net income, amount 20
No net income, deficit classes 131
Percentage distribution 12-13
States 76-77
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income of $5,000 and over 44-46
State and local securities, reported in individual income-tax returns 18-19
State and municipal bonds, e state-tax returns, by net estate classes 52-55
State and private banks, income-tax returns of corporations {see also
Finance) 153
Statutory deductions, corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Statutory net income, corporation income-tax returns:
Industrial groups 136-147, 154-159
Industrial groups and total assets classes 166-182
Total assets classes 32, 160-165
Steam railroads, etc., income-tax returns of corporations engaged in (see
also Transportation and other public utilities) 151
Stock and bond brokers, income-tax returns of corporations (see also
Finance) 153
Stock dividends in corporation income-tax returns. {See Dividends.)
Stock dividends paid, in corporation balance sheets:
Industrial groups 136-147, 154-159
States 135
Submitting and not submitting balance sheets 28
Total assets classes 160-165
Years, 1922 to 1932 27
Stone, clay, and glass products:
Corporation income-tax returns:
Assets and liabilities, classified 157
Compiled receipts and statutory deductions, classified 138,
142, 146, 157
Consolidated returns 34
Returns showing net income and no net income 22-24, 150
Total assets classes 175-176
Years, 1923 to 1932 _. 185
Individual income-tax returns:
Net profit from business 15
Subsidiaries, corporation income-tax returns. {See Consolidated returns.)
Sugar — Cane, beet, maple, etc., income-tax returns of corporations
engaged in manufacture of {see also Food products) 148
Surplus and undivided profits, in corporation balance sheets:
Industrial groups 1 54-1 59
Industrial groups and total assets classes 166-182
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Surtax, individual income tax (see also Individual income tax) 38, 67, 81-130
Synopsis of income and profits tax rates, estate tax rates, credit and
exemptions affecting comparabihty of data in Statistics of Income 202-216
T
Tax credit. {See Credit.)
Taxes. {See Corporation income tax; Individual income tax; Estate tax;
Gift tax; Foreign taxes.)
Taxes paid other than income tax:
Corporation income-tax returns:
Industrial groups 136-147, 154-159
Submitting and not submitting balance sheets 28
Total assets classes 160-165
254 INDEX
Taxes paid other than income tax — Continued.
Individual income-tax returns: Page
Amounts reported in general deductions and in business de-
ductions 16
Net income classes 80
No net income 20
States 79
Years, 1927 to 1932 80
Tax-exempt income. {See Dividends, Exemptions; Tax-exempt invest-
ments.)
Tax-exempt interest. {See Tax-exempt investments.)
Tax-exempt investments:
Corporation income-tax returns:
Industrial groups 154-159
Returns showing net income and no net income 30
Total assets classes 160-165
Years, 1926 to 1932 49
Estate-tax returns, size of net estate 52-55
Individual income-tax returns, net income classes 18-19
Tax forms for 1932 217-233
Telephone and telegraph companies, income-tax returns of corporations
{see also Transportation and other public utilities) 151
Tentative tax, estate-tax returns 52-55
Textiles and their products:
Corporation income-tax returns:
Assets and liabilities, classified 155
Compiled receipts and statutorv deductions, classified 137,
141, 145, 155
Consolidated returns 34
Industrial subgroups 149
Returns showing net income and no net income 22-24
Total assets classes 170
Years, 1923 to 1932 184
Industrial income-tax returns, net profit from business 15
Theaters, legitimate, vaudeville, etc., income-tax returns of corporations
{see also Service) 152
Tires and tubes, etc., income-tax returns of corporations engaged in the
manufacture of {see also Rubber products) 149
Tobacco products:
Corporation income-tax returns:
Assets and liabilities, classified 155
Compiled receipts and statutory deductions, classified 137,
141, 145, 155
Consolidated returns 34
Returns showing net income and no net income 22-24, 148
Total assets classes 169
Years, 1923 to 1932 184
Individual income-tax returns, net profit from business 15
Trade:
Corporation income-tax returns:
Assets and liabilities, classified 159
Compiled receipts and statutory deductions, classified 139,
143, 147, 159
Consolidated returns 34
I ndustrial subgroups 152
Returns showing net income and no net income 22-24
Total assets classes 179-180
Years, 1923 to 1932 - 187
Individual income-tax returns, net profit from business 15
Transfers made in contemplation of death, estate-tax returns, by net
estate classes (note 2) 54
Transportation and other public utilities:
Corporation income-tax returns:
Assets and liabilities, classified 158
Com{)i]ed receipts and statutory deductions 139, 143, 147, 158
Consolidated returns 34
Industrial subgroups 151
Returns showing net income and no net income 22-24
INDEX 255
Transportation and other public utilities — Continued.
Corporation income-tax returns — Continued. Fage
Total assets classes 179
Years, 1923 to 1932 186
Individual income-tax returns, net profit from business _ — 15
Trust companies, savings banks, etc., income-tax returns of corporations
(see also Finance) 153
U
Undivided profits, corporation income-tax returns. (See Surplus and
undivided profits.)
United States Government bonds, wholly and partially tax-exempt,
reported in individual income-tax returns (see also Tax-exempt
investments) 17-19
W
Wages and salaries, individual income-tax returns:
Amount and percent 10
Frequency distribution, by size of specific source of income 14
Net income classes 11, 77
No net income, amount 20
No net income, deficit classes 131
Percentage distribution 12
States 75
Years, 1916 to 1932 43-44
Years, 1916 to 1932, net income of $5,000 and over 44-45
War-profits and excess-profits taxes:
Corporation income-tax returns:
Amount 1917 to 1922 47
Rates 211-212
Individual income-tax returns:
Amount (note 2) 38
Rates 208
Partnership war-profits tax:
Amount (note 2) 38
Water companies, corporation income-tax returns (see also Transporta-
tion and other public utilities) 151
Water transportation, income-tax returns of corporations (see also Trans-
portation and other public utilities) 151
Wives and husbands, joint individual returns of. {See Husbands.)
Wives, separate individual income-tax returns of:
Number of returns and amount of net income 7
Net income classes 74
States 72
Women, single, individual income-tax returns of:
Number of returns and amount of net income 7
Net income classes 73-74
States 71-72
Woolen and worsted goods, income-tax returns of corporations engaged in
manufacture of (see also Textiles and their products) 149
o
H.
2_.
FEB i
TVNews
OpenLibrary