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

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SUPERINTENDENT OF DOCUMaMTS 



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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. 



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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 



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STATISTICS OF INCOME 



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152 



STATISTICS OF INCOME 



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STATISTICS OF INCOME 



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note, or pawn bro 
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1, and finance, n.e, 








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brok 
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reali 
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realty trust, etc. 


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$ 

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ance companies: 
ife insurance— M 
ther insurance— 
rine, title, etc. 


finance: 

oan companies— 
tions; mortgage, 
ance agents, p 
foreign exchange 


i 

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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 <» 






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TfCOCO'*'<*'CO^I>. 
1-1 f-( T-H CO --H 

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j8°2?3 



STATISTICS OF INCOME 



167 



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t^ -<}< o CO r^ CO r-p CO 1 p 

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50-100... 

100-250 

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1,000-5,000 

5,000-10,000«... 

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3 

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170 



STATISTICS OF INCOME 









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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 

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(N ^ I^OS-^ ^ CO 1 
t^ O CO r-, •<* to lO 1 
(NC<0 Mi 


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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 

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00 

o 
to 


1,613 
3,310 
7,603 
6,829 
6, 896 
12, 362 
8,213 


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1 1 1 1 1 I 'O - 

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93 
143 
133 
506 
659 
1,313 
651 
916 


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43, 184 
31,881 
64, 800 
59, 067 
48, 756 
117, 559 
69, 963 
29, 352 


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t^„ ^3 ^ CO CO COC^ 1 
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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 


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510 
733 
1, 836 
2,444 
2,323 
8,051 
6,226 
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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 


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100-250 

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6,000-10,000.... 

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172 



STATISTICS OF INCOME 



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250-500 

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STATISTICS OF INCOME 



173 






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■-<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— ' 
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b-CO— ''00— icOCMtTCO 
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I— lr-(Tt^Tf*Tf»OC0»0'— < 



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lOOOOOCMOOOOCDCMC^ 

co'' cooo '-^"cM CO cd'os" 

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C^l-^C-IOOtO'— «'— it>-'— 1 

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ososcor^oooosco-^ 

oTos'CM'-rtDcO'-HCM'cO 
C^J CM CM CM CD CM CM 



CMC^OtOOOO-^tcoO 
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COCDCOCDOOt-^COCM 
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CO CM CO TJ< OS 



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-<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 
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t^GOCDi— "GO-^GOOO 

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■^'" t-^ --T Tf •-<" CO CO CO cm' 

CM CM '<*^ OS OS OS X 



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t^OSOSiO'^CDCO'^t-^ 
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174 



STATISTICS OF INCOME 



g 5* 

w «*• 

-i 

w « 
«o „ 

^^ 

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-* 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 



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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 


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Under 50 

50-100 

100-250 

250-500-. 

500-1,000 

1,000-5,000- 

5,000-10,000 

10,000-50,000 6 




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too-^oocor— r>-o 

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os-^i^t-tocotoi— t 



QOO'-<r--os-^Tt<to 



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t^iOO^OCMCMrH 
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STATISTICS OF INCOME 



175 



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176 



STATISTICS OF INCOME 



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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 









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r-1 1— I ^ r-l (M 



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c^c^ t-000^ 00 



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to 

^-■0 









STATISTICS OF INCOME 



181 



^ ^ ^ ^ c4 ^* oi" 



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COOOCOOICOIOCO-— 'CO 



O(N0000!NC00S(M"ti 
1-H^C^C^COOOCOCOCO 



CO— '-HCO^OOOOOOiO 
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— ' ^ CO 



— 'OCOCOOOOlCO-HiO 

cotococoioc^tco — r-- 
^OcOOS'MOOOO^ 

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— 'COC^C^OO-^tOCCOS 
COtO-^TfTfOOOOiMCO 



^ -.^ 00 



J — X "* ! -^ 



lOOOOCi— 'OiOcOCO I OS 

i^CO-^Ot-OCOOSCT5 CO 

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t^courioco— 'Oi'^co 00 

iOOt^'«*'iOiC(NCDCO (M 



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osOtococor^ocxDco 



— ' CM (MCS CO 



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— '— iCOOS-^CO— HTt<^« 

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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 



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STATISTICS OF INCOME 



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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 



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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" ■ 


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OS a 


««• 'r 


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H 


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O ( 








tu -g « H CM .5 > 


O 1 
O 1 








191 

Ineff 
from 
1917, 
6:55 p 
Feb. 
1919, 
clusi 


cT 1 
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o 1 

§ 1 








1916 

as amen 

by act 

Mar. 3, 

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from 
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1917, t 
Oct. 3, 1 
inclusi 










§ i 






. 


O 1 








1916 

In effect 

from 
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1916, to 
Mar. 2, 

1917, in- 
clusive 


o . 

O 1 

o 1 




















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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 
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spect of a 
estate of t 


purposes, 
redit for F 
in respect 
estate of t 
purposes. 






go 


o 






a 


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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 



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