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

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Given By 
U» S. SUPT. OF DOCUMENTS 



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STATISTICS OF INCOME 
FOR 1933 

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. 



U. S. TREASURY DEPARTMENT 

BUREAU OF INTERNAL REVENUE 



STATISTICS OF INCOME 
FOR 1933 

COMPILED FROM INCOME-TAX RETURNS AND 

INCLUDING STATISTICS FROM ESTATE-TAX RETURNS 

AND GIFT-TAX RETURNS 



PREPARED UNDER THE DIRECTION OF THE 

COMMISSIONER OF INTERNAL REVENUE 
BY THE 

STATISTICAL SECTION, INCOME TAX UNIT 




UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON : 1935 



For lale by the Superintendent of Document!, Washington, D. C. -------- Price 20 cent* (Paper cover) 



U ' S ' SUPfR,NT ^ENT OF DOCUMENTS 
J AJV 6 1936 



» ■ « ... 



CONTENTS 



Page 

Official transmittal 1-63 

General Explanations 1-5 

Returns tabulated 1-3" 

General definitions 3 

Industrial classification 4 

Geographic distribution 5 

Comparability with previous reports 5 

income-tax returns 

Individual income-tax returns: 

Number of returns, net income, and tax 5-6 

Simple and cumulative distribution, by net income classes, of number 

of returns, net income, and tax 6-7 

Classification by sex and family relationship 7 

Net income exempt from normal tax 8 

Capital net gains and losses 8-9 

Sources of income and deductions 9-12 

Amounts and percentages 10 

By net income classes 11 

Percentage distribution by net income classes 12 

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 and net loss from business, returns of net income of $5,000 

and over, by industrial groups -- 15-18 

Wholly and partially tax-exempt obligations, amount owned and in- 
terest received, returns of net income of $5,000 and over__ 18-20 

Returns on form 1040 with no net income 20-21 

By deficit classes 21 

Sources of income and deductions 21 

Number of returns by counties, cities, and townships 22 

Partnership returns of income 22 

Corporation income-tax returns: 

Number of returns, net income or deficit, and tax 22 

By major industrial groups 23-24 

By net income and deficit classes 25 

Income and profits taxes paid to foreign countries or possessions of 

the United States, reported as a tax credit, 1925 to 1933 26 

Dividends paid, 1922 to 1933 26-27 

Compiled receipts and statutory deductions 27-28 

Corporations submitting and not submitting balance sheets 28 

Revision of amount of taxes paid other than income tax and cost 

of goods sold 29 

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 31 

Assets and liabilities and compiled receipts and statutory deductions,. 

by size of total assets 31 

Returns showing net income and no net income 32" 

Consolidated returns 32-35 

By major industrial groups 33-34 

By net income and deficit classes 34 

By number of subsidiaries 35 

Fiscal year returns 35-36 

By month ending the fiscal year 35 

By net income and deficit classes 36. 

HE 



IV CONTENTS 

Corporation income-tax returns — Continued. pas * 

Part year returns --- 36 

Revised items in tables, Statistics of Income for 1930, 1931, and 1932.. 36-37 
Historical summaries: 

Individual income-tax returns: 

Number of returns, net income, tax before tax credits, tax credits, 

and tax, 1913 to 1933 38-39 

Number, by net income classes, 1914 to 1933 39-40 

Net income, by net income classes, 1916 to 1933 40 

Tax, by net income classes, 1916 to 1933 41 

Average rate of tax on net income, by net income classes, 1916 

to 1933 42 

Sources of income and deductions, 1916 to 1933 43-46 

All returns 43-44 

Returns of net income of $5,000 and over — 44-46 

Corporation income-tax returns: 

Total number, number with net income and no net income, 
gross income, net income, deficit, net income less deficit, and 

total tax. 1909 to 1933 . 47 

Number of returns, net income and deficit, by net income and 

deficit classes, 1930 to 1933 48 

Returns submitting balance sheets, showing number of balance 

Bheets and major items of assets and liabilities, 1926 to 1933. _ 49 

ESTATE-TAX RETURNS 

Estate-tax returns: 

General explanations 50-51 

Table 1. Resident decedents. Number of returns, gross estate, de- 
ductions, 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 1934 58 

gift-tax returns 
Gift-tax returns: 

General explanations 58-59 

Gift-tax returns for 1933 — Total gifts by trust and kind of 

property 59 

Gift-tax returns for 1932 and 1933 — Total number, taxable and 

nontaxable returns, total gifts, net gifts, and tax 60 

Gift-tax returns of identical donors for 1932 and 1933 — Number, 

net gifts, and tax 60 

Table 1. Gift-tax returns for 1933 by net gift classes and by form of 

property 61 

Table 2. Gift- tax returns for 1933 by total gift classes and by taxable 

and nontaxable returns 62-63 

basic tables (income-tax returns) 

Individual income-tax returns (1-11): 
United States in aggregate (1-8, 10, 11): 

1. By States and Territories 67 

2. By net income classes 68-69 

3. Simple and cumulative distribution, by net income classes. _ 70-71 

4. Sex and family relationship, by States and Territories 72-73 

5. Sex and family relationship, by net income classes 74-75 

6. Sources of income and deductions, by States and Territories. _ 76-78 

7. Sources of income and deductions, by net income classes 79-81 

8. Frequency distribution of number of returns with business 

and amount of net profit and net loss from business, by 
size of net profit and net loss and by industrial groups, 
returns of net income of $5,000 and over 82-87 

10. Returns on form 1040 with no net income, number and deficit, 

by States and Territories 138 

11. Returns on form 1040 with no net income, sources of income 

and deductions, by deficit classes 138 

States and Territories separately (9): 

9. By net income classes with historical summary, 1923 to 1932.88-137 



CONTENTS V 

Corporation income-tax returns (12-19): "Page 

Uuited States in aggregate (12-18): 

12. By States and Territories 140-141 

13. Compiled receipts and statutory deductions, by major indus- 

trial groups: 

All returns 142-145 

Returns showing net income 146-149 

Returns showing no net income 150-153 

14. By major industrial groups and subgroups 154-159 

15. Returns submitting balance sheets showing assets and lia- 

bilities, and compiled receipts and statutory deductions, 
by major industrial groups, and by returns with net in- 
come and no net income . 160-165 

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 166-167 

Returns showing net income 168-169 

Returns showing no net income 170-171 

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 for returns with 
net income and no net income 172-189 

18. By major industrial groups for returns with net income and 

no net income, 1924 to 1933 190-194 

States and Territories separately (19): 

19. Historical summary, 1924 to 1933. __ 195-205 

revenue acts of 1900 to l!)32 and certain tax provisions of 
the national industrial rrcoveky act-a synopsis of 
federal income- and profits-tax rates. estate and gift tax 
rates. credits and exemptions affecting the compara- 
bility of data in "statistics of income" 

Individual: 

Required to file returns, personal exemption, credit for dependents 

and normal tax rates 210-213 

Surtax rates 214-215 

Supplemental income-tax rates and tax credits 216-217 

Corporation: 

Income- and profits-tax rates, and credits 218-221 

Estate tax: 

Rates, specific exemptions, and tax credits 222-223 

Gift tax: 

Rates, and specific exemptions 224 

Income-tax forms: 

Facsimiles of forms 1040, 1040A, 1120, 1120L, and 10G5 for 1933-- 225-245 
Index 247-270 



STATISTICS OF INCOME FOR 1933 



Treasury Department, 
Office of Commissioner of Internal Revenue, 

Washington, D. C, December 23, 1935. 
Sir: In accordance with the provisions contained in the Revenue 
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 1933", prepared from the income 
tax returns of individuals and corporations for that year filed during 
1934, 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 1934, irrespective of the date of death 
of the decedent, as well as tabulations of data from gift-tax returns 
filed during 1934, with brief historical summaries. 

GENERAL EXPLANATIONS 

Returns tabulated. — In general, the income-tax returns included in 
this report are for the calendar year 1933. However, a considerable 
number of corporation returns and a negligible number of individual 
returns are for a fiscal year other than a calendar year. Thus there 
are included with the returns for the calendar year 1933, returns with 
fiscal year ending within the period July 1, 1933, to June 30, 1934, 
and fractional (part year) returns for which the greater part of the 
period falls in 1933. The tables, therefore, include calendar, fiscal, 
and fractional (part year) returns, except when otherwise specified. 

The returns were filed under the provisions of the Revenue Act of 
1932 and certain tax provisions of the National Industrial Recovery 
Act, approved June 16, 1933. The major provisions of the revenue 
acts affecting the comparability of statistical data in Statistics of 
Income are shown in pages 207 to 224. The provisions of the National 
Industrial Recovery Act affecting individual and corporation income 
taxes in 1933 are (1) no deduction from net income is allowed for net 
loss for prior year, and (2) disallowed losses on 1932 sales or exchanges 
of stocks and bonds (as defined in the Revenue Act of 1932) held for a 
period of 2 years or less cannot be deducted on 1933 returns, nor can 
individual members of a partnership reduce their individual net 
incomes by their proportionate shares of a net loss incurred by the 
partnership through the sale or exchange of stocks and bonds (as 
defined in the Revenue Act of 1932) held 2 years or less. 

In addition to the above changes, certain provisions of the National 
Industrial Recovery Act affect corporations only. An excess-profits 
tax of 5 percent of such portion of the net income which is in excess 



2 STATISTICS OF INCOME 

of 12Y 2 percent of the adjusted declared value of the capital stock was 
imposed for taxable years ended after June 30, 1933. The rate for 
consolidated corporation returns was increased from 14K to 14% per- 
cent for the taxable year 1934. In the case of affiliated corporations 
filing consolidated returns for fiscal years ended in 1934, the tax attrib- 
utable to the calendar year 1933 is computed at the rate of 14 !£ 
percent and the tax attributable to the calendar year 1934 is com- 
puted at the rate of 14% percent. The 1934 consolidated returns 
included in tins report are for the fiscal years ended January 31, 1934, 
to June 30, 1934. In the case of affiliated corporations filing con- 
solidated returns for the calendar year 1933, the rate of tax remains 
at 14. '4 percent. 

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 individual returns with no net income are 
shown on pages 21 and 138. Prior to 1928 no tabulations were made 
from individual returns with no net income. The Revenue Act of 1 92 1 
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 to- 
gether having an aggregate gross income of $5,000 and over. Moie- 
over, 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 tax- 
payer 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 
statistical 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 
335,000), represent estimates based on samples of such returns. 
Averages for the various items from a sample for each State are 
applied to the total number of returns of the class which they repre- 
sent to secure estimates for the particular State. The samples are 
selected from both forms on which individual incomes are reported — 
form 1040 for net income from salaries or wages of more than $5,000, 
or income regardless of amount from business, profession, rents, or 
sale of property; and form 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 



STATISTICS OF INCOME 6 

audited in the collection districts, and samples only are sent to 
Washington. 

The sample for 1933 included approximately 255,000 returns on 
form 1040, and 250,000 on form 1040A, representing for each collec- 
tion district not less than 10 percent of the number of each form of 
return with net income under $5,000, distributed about 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. When the number of returns 
filed in any collection district in this class was less than the respective 
minima the entire number filed was tabulated. 

For 1929 and subsequent years the number of returns with net 
income under $5,000 is based in part on Income Tax Unit reports and 
in part on reports of collectors; for years prior to 1929 it is based on 
collectors' reports. (See 1929 Statistics of Income, p. 2.) 

In all text and certain basic tables the amounts in dollars are 
expressed in thousands. In every case where this rounding occurs 
it is clearly indicated in the subtitle or in a column heading of the 
table. 

General definitions. — 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 act, 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 individ- 
uals, such as personal exemption, credit for dependents, 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. 

Gross income and deductions shown in the corporation tables 
correspond 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 the face of the return for 1933. (See 
form 1120, p. 234.) Whenever items of deduction, provision for 
reporting which under "Deductions" is provided for on the retarn, 
were reported in "Cost of goods sold ", or in "Cost of other operations ", 
adjustment has been made and the items transferred in tabulation 
to their classifications under "Deductions." 

The amount of income tax liability returned for 1933, shown in 
the tabulations in this volume, is not entirely comparable with the 
amount of taxes collected during the calendar year 1934. Several 
factors are responsible for tins discrepancy, among which are the 
following: 

1. The amount of tax originally reported in the returns does not 
always represent precisely the amount of tax paid, for the reason that 
an adjustment may be made after the data have been taken from the 
original returns for the Statistics of Income. These adjustments may 
result in additional assessments, thereby increasing the tax liability, 
or in certificates of overassessments, representing abatements and 
credits which reduce the tax liability originally reported. An 
amended return has the same effect as an adjustment. 

2. Income and profits taxes paid to foreign countries or possessions 
of the United States, under certain limitations, are either applied as 



4 STATISTICS OF INCOME 

a credit against the income tax payable to the United States or as a 
deduction from gross income. 

The amount of such taxes taken as a credit against the income-tax 
liability to the United States has not been deducted from the amount 
of income-tax liability shown in the tabulations in this report. The 
aggregate amount of such taxes paid to foreign countries or possessions 
of the United States taken as a credit by corporations, 1925 to 1933, 
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 
with the corporation income-tax collections, due to the tax being 
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 ma,j not represent taxes collected during 1934 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 1934, collections were made of part or all of the 
taxes reported in returns for fiscal years ended from January 31, 1933 
(the last quarterly installment payment on which was due on or before 
Jan. 15, 1934), to September 30, 1934 (the filing of returns and the 
full payment or first installment payment on which was due on or 
before Dec. 15, 1934), whereas, as previously indicated, there are 
excluded from the statistics in this report the returns for fiscal years 
ended prior to July 1, 1933, and subsequent to June 30, 1934. 

4. Delays in payment due to financial embarrassment, death, liqui- 
dation 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 classifi- 
cation of such collections as "back taxes" because made in a subse- 
quent year. Certain amounts are uncollectible, due likewise to the 
above causes. 

5. Collections in the current year include such interest and penalty 
items as are received in connection with delinquent payments on 
returns. 

Industrial classification. — The industrial classification is based on 
the predominant business of nonaffiliated corporations or of groups 
of affiliated corporations filing a single return. The industrial groups, 
therefore, do not contain solely corporations engaged exclusively in 
the industries in which they are classified, due to the diversified 
industrial activities of many corporations and especially to affiliated 
corporations filing consolidated returns, which latter include the 
income and deductions of the subsidiary or affiliated corporations. If 
such affiliated corporations could be classified independently of the 
consolidated returns, many would fall in industrial divisions other 
than the ones in which they are included. 



STATISTICS OF INCOME 5 

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 princi- 
pal place of business is located, and a corporation files its income-tax 
return in the collection district in which its principal place of business 
or the principal office or agency is situated, excepting closely affiliated 
concerns filing a consolidated return. In the latter case the consoli- 
dated return is frequently filed in a State other than the States in 
wliich the principal places of business or principal offices or agencies 
of the subsidiaries are located. 

Comparability with previous reports. — In various sections of this 
report, attention is called to special conditions affecting the compara- 
bility of specific items with similar data for earlier years. In addi- 
tion there are certain major conditions which prevent strict com- 
parability of the corporation income-tax data from year to year. 
Shifts in the industrial classification are due among other causes to 
the affiliation of groups of concerns filing consolidated returns. Such 
changes in corporation returns also affect the geographic distribution 
of data, through changes in the location of the principal place of 
business or principal office or agency from which the returns were 
filed, of concerns that entered into or separated from consolidated 
groups. Moreover, the total as well as the separate items of assets 
and liabilities, and of receipts and deductions, are affected by changes 
in affiliations for consolidated returns. 

Changes in the provisions of the revenue acts under which the 
returns for given years are filed also interfere with a precise com- 
parability of the data. 

INDIVIDUAL INCOME-TAX RETURNS 

The number of returns of individuals for 1933 was 3,723,558, of 
which 1,747,740 were taxable and 1,975,818 nontaxable. The aggre- 
gate net income was $11,008,637,754, the net income on taxable 
returns was $7,372,660,352, on which the tax liability was $374,120,469. 
As compared with the returns for the previous year, the total number 
for 1933 decreased by 153,872, or 4 percent. The average net income 
for 1933 was $2,956.48 for all returns, and $4,218.40 for taxable 
returns, the average amount of tax liability was $100.47 for all returns 
and $214.06 for taxable returns, and the average tax rate was 3.4 
percent for all returns and 5.1 percent for taxable returns. For the 
preceding year the average net income was $3,006.05 for all returns 
and $4,090.50 for taxable returns, the average 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. 
The ratio of the number of returns filed to the total population (Census 
Bureau estimate of population as of July 1, 1933) was 3 percent, as 
compared with a corresponding ratio for the preceding year of 3.1 
percent. 



6 



STATISTICS OF INCOME 



The distribution of returns of individuals by States and Territories 
is given in the basic table 1, page 67, and by net income classes in basic 
table 2, pages 68 and 69. Eoch 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 percentages. 
In basic table 3, pages 70 and 71, a similar distribution of the number 
of returns, net income, and tax is shown by a more detailed net income 

classification. 

* 

Simple and cumulative distribution of individual returns for 1988, by net income 
classes, showing number of returns, net income, tax, and percentages l 

[Money figures and net income classes in thousands of dollars] 



Net income classes 



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 3,723,558 



Returns 



Simple distribution 



Number 



397, 67G 

1,480,717 

914, 198 

599, 075 

229, 754 

- 75,643 

18, 423 

6,021 

1,084 

695 

141 

81 

50 



Percent 



10. 6S 

39.77 

24.55 

16.09 

6. 17 

2.03 

.49 

.16 

.02 

.01 

.01 

.01 

.01 



100. 00 



Cumulative distri- 
bution from high- 
est income class 



Number 



3, 723, 558 

3. 325, 882 

1,845, 165 

930, 967 

331,892 

102, 138 

26, 495 

8.072 

2,051 

967 

272 

131 

50 



Percent 



100.00 

89. 32 

49. 55 

25. 00 

8.91 

2.74 

.71 

.22 

.06 

.04 

.03 

.02 

.01 



Cumulative distribu- 
tion from lowest 
income cl;iss 



Number 



397. 676 
1,878,393 
2,792,591 
3,391.666 
3.621,420 
3, 697. 063 
3,715,486 
3.721.507 
3,722.591 
3, 723, 286 
3, 723, 427 
3, 723, 508 
3. 723. 558 



Percent 



10.68 
50.45 
75.00 
91.09 
97.2(5 
99.29 
99. 78 
99.94 
99. 96 
99.97 
99.98 
99.99 
100.00 



Net income classes 



Under 1 (estimated). 

1-2 (estimated) 

2-3 (estimated) 

3-5 (estimated) 

5-10 

10-25 

25-50 

60-100 

100-150 

150-300 

300-500 

500-1,000 

1,000 and over 



264. 784 

2. 093, 292 

2, 295, 586 

2, 207, 458 

1, 537, 875 

1, 1 12, 086 

630, 005 

401.049 

129. 159 

139.215 

54, 570 

56, 700 

86, 857 



Total 11,008,638 



Net income 



Simple distribution 



Amount 



Percent 



2.41 

19.01 

20.85 

20.05 

13.97 

10. 10 

5.72 

3.64 

1. 17 

1.27 

.50 

.52 



100. 00 



Cumulative distri- 
bution from high- 
est income class 



Amount 



11,008,638 

10, 743, 854 

8, 650, 562 

6, 354, 976 

4, 147.518 

2, 609, 642 

1, 497, 557 

867,551 

466, 502 

337, 343 

198, 128 

143,558 

86, 857 



Percent 



100. 00 

97.59 

78.58 

57.73 

37.68 

23.71 

13.61 

7.89 

4.25 

3.08 

1.81 

1.31 

.79 



Cumulative distribu- 
tion from lowest 
income class 



Amount 



264. 784 
2, 358, 076 
4, 653, 662 
6,861,120 
8, 398. 995 
9.511.081 
10,141,086 
10, 542, 136 
10,671.294 
10,810.509 
10,865,080 
10,921,780 
11,008,638 



Percent 



2.41 

21.42 
42.27 
62. 32 
76. 29 
86.39 
92. 11 
95. 75 
96.92 
98. 19 
98. 69 
99.21 
100.00 



1 For general explanations; see pp. 1-5. 



STATISTICS OF INCOME 



Simple and cumulative distribution of individual returns for 1933, by net income 
classes, showing number of returns, net income, tax, and percentages — Con. 

[Money figures and net income classes in thousands of dollars] 



Net income classes 



Under 1 (estimated) 

1-2 (estimated) 

2-3 (estimated) 

3-5 (estimated) 

6-10.. 

10-25 

25-50. 

50-100 

100-150 

150-300 

300-500 

600-1,000... 

1,000 and over 

Total 



Tax 



Simple distribution 



Amount 



97 
10, 345 
7,710 
18, 397 
35, 077 
54, 977 
52. 355 
57, 491 
30, 369 
40,412 
17,910 
21. 221 
27, 759 



374, 120 



Percent 



0.03 
2.76 
2.06 
4.92 
9.38 
14. 69 
13.99 
15.37 
8.12 
10.80 
4.79 
5.67 
7.42 



100.00 



Cumulative distri- 
bution from high- 
est income class 



Amount 



374, 120 
374, 023 
363, 679 
355, 909 
337,571 
302. 494 
247, 517 
195, 162 
137,671 
107, 302 
66, 890 
48, 980 
27, 759 



Percent 



100.00 
99.97 
97.21 
95.15 
90.23 
80.85 
66.16 
52.17 
36.80 
28. 68 
17.88 
13.09 
7.42 



Cumulative distribu- 
tion from lowest 
income class 



Amount 



97 

10, 442 

18, 152 

36, 549 

71,626 

126,603 

178, 958 

236, 449 

266, 818 

307, 230 

325, 141 

346, 361 

374, 120 



Percent 



0.03 

2.79 

4.85 

9.77 

19. 15 

33.84 

47.83 

63.20 

71.32 

82.12 

86.91 

92. 58 

100. 00 



CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP (INDIVIDUAL RETURNS) 

The following table shows the number of individual returns and the 
net income distributed according to sex and family relationship of 
the taxpayer. In basic tables 4 and 5, pages 72 to 75, similar data 
are shown by States and Territories and by net income classes, 
respectively. 

Individual returns for 1933, by sex and family relationship of taxpayer, showing 
imber of returns, net income, and percentages x 



nui 



Family relationship 



Returns 



Number 



Percent 



Net income 



Amount 
(thousands 
of dollars) 



Percent 



Joint returns of husbands and wives, with or without de- 
pendent children, and the returns of husbands whose 
wives, though living with them, file separate returns 

Wives filing separate returns from husbands 

Single men, heads of families 

Single women, heads of families 

Single men, not heads of families 

Single women, not heads of families 

Community property income 2 

Total 



1,850,863 
79, 530 
264, 221 
164,471 
779. 259 
569, 244 
15, 970 



49.71 

2.13 

7.10 

4.42 

20 93 

15.28 

.43 



6, 743, 448 
420. 730 
622, 703 
351,838 
1,510.777 
1,168,687 
190,454 



01.26 
3.82 
5.66 
3.20 
13.72 
10.61 
1.73 



3, 723, 558 



100. 00 



11,008,638 



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 in- 
come 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 separate returns from husbands. 



8 STATISTICS OF INCOME 

NET INCOME EXEMPT FROM NORMAL TAX (INDIVIDUAL RETURNS) 

The net income specifically exempt from normal tax through per- 
sonal exemption, credit for dependents, dividends on stock of domestic 
corporations, interest on Government obligations not wholly exempt 
from tax, capital net gain from sale of assets held more than 2 years, 
and net income subject to normal tax, are shown in the following table: 

Amount of net income exempt from and subject to normal tax, individual returns 

for 1933 ' 

[Money figures in thousands of dollars] 



Distribution 


Amount 


Percent 




11,008,638 


100.00 






Net income specifically exempt from normal tax: 


8, 305. 120 
1, 774, 929 














6, 530, 191 

1,559,046 

31, 689 

131, 478 


59.32 




14. 16 




.29 






Less loss in ordinary net income deductible from capital net gain.. 2, 138 


1.18 






8, 252. 404 


74.96 








2, 756, 234 


25.04 







> For general explanations, see pp. 1-5. 

* Interest received on Liberty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in 
excess of $5,000 which is subject to surtax if net income is over $6,000 (see items 9 and 22, form 1040, p. 228). 

CAPITAL NET GAINS AND LOSSES (INDIVIDUAL RETURNS) 

The special provisions in the revenue acts for capital net gains and 
losses from the sale of assets held more than 2 years apply, for capital 
net 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 2 years may, at the option of the taxpayer, be reported separately 
and taxed at 12% percent in lieu of the normal tax and surtax rates 
otherwise applicable. The income tax of the individual in such cases 
is the sum of 12% percent of the capital net gains plus the tax on the 
net income from other sources, termed "ordinary net income", com- 
puted according to the provisions of the respective revenue acts. 

The capital net gains and the tax at 12% percent of such gains re- 
ported for 1922 and following years appear on pages 43 to 45 and 39, 
respectively, of this report. In order that the amounts shown as 
"net income" and "total income" in the Statistics of Income for 1922 
and subsequent years be made comparable with earlier years, it is 
necessary that "net income" and "total income" be increased by the 
amount of such gains. These adjustments have been made in the 
Statistics of Income for these years. 

Under the Revenue Act of 1924 and subsequent acts the taxpayer 
must report his capital net loss, as defined in the respective acts, from 
the sale of assets held more than 2 years by one of two methods, 
whichever will produce the larger tax. These two methods are (1) the 
tax on the net income from other sources, termed "ordinary net 
income", computed according to the provisions of the respective 



STATISTICS OF INCOME 9 

revenue acts, less 12% percent of the capital net loss, and (2) the tax 
on the net income compared without regard to 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 39. Under the Revenue Acts of 
1918 and 1921 such losses were deducted in arriving at net income. 
Under the Revenue Acts of 1916 and 1917 losses sustained in trans- 
actions entered into for profit but not connected with business or 
trade were deductible to the extent of the aggregate income from such 
transactions. In order that the amounts shown as "net income" 
and "deductions" in the Statistics of Income for 1924 and subsequent 
years be made comparable with the amounts shown in Statistics of 
Income for 1918 to 1923, inclusive, it is necessary that "net income" 
be reduced by, and "deductions" be increased by, the amount of 
such losses. These adjustments have not been made in the "net 
income" and "deductions" shown in the Statistics for Income for 
these years. 

SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS) 

In the table on page 10 there appears 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- 
sent the amounts by which the gross income exceeds the deductions 
allowed for each specific source, as provided in the schedules of the 
return. (See form 1040, p. 238.) Net losses reported m 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 corpora- 
tions, or taxable interest on obligations of the United States, since 
these items are reported under their respective classifications. 

With reference to the amount of profits and losses from sales of 
assets other than those held for more than 2 years, which were re- 
ported as capital gains or losses, attention is directed to the provisions 
of the Revenue Act of 1932 and the National Industrial Recovery Act. 
The provisions of section 23 (r) (1) of the Revenue Act of 1932 limit 
deductions for losses from 1933 sales or exchanges of stocks and 
bonds (as defined in section 23 (t) of the act) held for 2 years or less, 
to gains from such sales or exchanges. Moreover, the losses which 
were disallowed on 1932 returns according to this procedure, were 
not used to reduce the size of the net income in 1933. Originally, 
according to section 23 (r) (2) of the Revenue Act of 1932, disallowed 
losses were (up to an amount not in excess of the taxpayer's net in- 
come for the taxable year) to be considered as losses sustained in the 
succeeding taxable year. However, effective January 1, 1933, section 
23 (r) (2) of the Revenue Act of 1932 was repealed by section 218 (b) 
of the National Industrial Recovery Act. 

The items of "interest paid" and "taxes paid" which are reported 
under "deductions" in the individual income-tax returns and which 
were previously included in "all other deductions" in the tabulations 
in this report are shown separately this year. These two items do 
not, however, include amounts reported in business deductions in 
schedule A, "income from business or profession." 



10 



STATISTICS OF INCOME 



Interest paid is reported as item 13, on the face of the return, 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 fiom taxation 
or interest on indebtedness incurred or continued in connection with the pur- 
chasing or carrying of an annuity. 

Taxes paid exclude (1) the Federal income tax, (2) income and 
profits taxes paid to foreign countries or possessions of the United 
States, which are allowed as a credit against the tax, and (3) taxes 
reported on form 1040F, schedule of farm income and expenses. 
Taxes paid are reported as item 14 on the face of the return, 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 38. No deduction is allowable for any portion 
of foreign income and profits taxes if a credit is claimed in item 38. 

A historical summary of taxes paid and interest paid for the years 
1927 through 1932 is found in the 1932 Statistics of Income, table 8A, 
page 80. 

This year, for the first time, net loss from business is shown sep- 
arately from net loss from partnership. Amounts shown in reports 
prior to 1931 as "Interest and other income" are segregated into 
"Other taxable interest" and "Other income." 

Sources of income and deductions in individual returns for 1933, amounts and 

percentages l 



Sources of income and deductions 



Sources of income: 

Salaries, wages, commissions, fees, etc 

Business 

Partnership » . 

Profit from sale of real estate, stocks, bonds, etc.: 

Reported for tax on capital net gain 3 _. - 

All other - - 

Rents and royalties . 

Dividends on stock of domestic corporations ... 

Fiduciary 2 

Interest on Government obligations not wholly exempt from tax 

Other taxable interest 

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 - 

Net loss from partnership - 

Interest paid 5 - 

Taxes paid 5 - 

Contributions.. . . 

All other . 



Total deductions. 
Net income 



Amount 




(thousands 


Percent 


of dollars) 




7. 390, 356 


55.18 


1, 402, 923 


10.47 


603, 725 


4.51 


133,616 


1.00 


419,591 


3.13 


447, 883 


3.35 


1, 559, 046 


11.63 


276, 067 


2.06 


31,689 


.23 


961,732 


7.19 


167, 197 


1.25 


13,393.825 


iiio.oo 


365. 782 


2.73 


61,985 


.46 


30, 435 


.23 


507, 520 


3.79 


50''), 258 


3.78 


252, 251 


1.88 


660. 956 


4.94 


2.385, 1X7 


17.81 


11.008,638 


82.19 



i For general explanations, see pp. 1-5. 

» See text, p. 9. 

8 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.) 

4 Interest received on Lib?rty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in 
excess of $5. 000, which is subject to surtax if the net income is over $6,000. (See lines 9 and 22, form 1040, 
p. 228.) 

4 Excludes amounts reported on schedule A as business deductions. 



STATISTICS OF INCOME 



11 



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. 76 to 81). 

Sources of income and deductions, individual returns for 1933, bi/ net income classes l 

[Money figures and net income classes in thousands of dollars] 



Net income classes 



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 



Sources of income 



Salaries, 
wanes, 
commis- 
sions, fees, 
etc. 



5,551. 

977, 

505, 

207. 

98, 

24, 

15, 

5. 

2, 

2, 



7. 390, 356 



Business 



1,009,108 

211,432 

110.793 

43. 601 

19. 506 

3,927 

2,772 

616 

1,080 

87 



1,402.923 



Partner- 
ship 2 



201,794 

117,745 

108. 434 

74, 107 

53, 342 

20, 255 

19, 655 

4,855 

2,228 

1,309 



603, 725 



Profit from sale of 
real estate, stocks, 
bonds, etc. 



Reported 

for tax on 

capital 

net gain 3 



1.812 
15, 039 
19, 584 
13, 171 
2i,691 
12, 187 
12,848 
37,284 



133,616 



All other 



110,880 

79, 690 

86, 677 

60,082 

40, 932 

14, 374 

12, 139 

5,465 

4,505 

4,847 



419.591 



Rents 
and roy- 
alties 



323, 740 

58, 338 

37, 580 

16,911 

7,566 

1,373 

1,422 

40 

893 

20 



447, 883 



Divi- 
dends on 
stock of 
domestic 
corpora- 
tions 



359. 180 
232.416 
297, 176 
214. 968 
181.420 
64,292 
81.892 
32.646 
40. 992 
54. 064 



1.559.046 



Net income classes 



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... 



Sources of income — Continued 



Fiduci- 
ary' 



93, 333 

57, 266 

62. 850 

36. 070 

17.250 

3,056 

2,921 

2,038 

783 

501 



276. 067 



Interest 
on Gov- 
ernment 
obliga- 
tions not 
wholly 
exempt 
from tax 4 



10. 370 

10, 8S2 

5, 475 

2,681 

800 

994 

156 

123 

207 



31.689 



Other 
taxable 
interest 



539, 001 

155,837 

128. 599 

70, 852 

37, 730 

9, 693 

11,787 

2,889 

2,725 

2.621 



961.732 



Other in- 
come 



97,541 

25, 227 

19, 896 

10. 552 

6.397 

2, 199 

1,947 

1, 406 

1,297 

734 



167. iv»7 



Total in- 
come 



286, 286 
925, 356 
370, 035 
754, 987 
484, 458 
158, 041 
173, 069 
67. 331 
69, 805 
104.458 



13.393.825 



Deductions 



Net loss 
from sale of 
real estate. 

stocks, 

bonds, etc., 

other than 

reported 

for tax 

credit on 

capital net 

loss 3 



212, 822 

93, 042 

43. 693 

6,881 

3,159 

1,154 

1, 749 

724 

293 

264 



36o. 782 



Net loss 

from 
business 



35, 193 
8.459 
6,872 
4,704 
2, 108 

801 
1,827 

. r 82 
1,221 

217 



61.985 





Deductions — Continued 




Net income classes 


Net loss 

from part- 

nersnip 


Interest 
paid* 


Taxes 

paid » 


Contri- 
butions 


All other 
deduc- 
tions 


Total de- 
ductions 


Net in- 
come 




14, 838 

4,137 

3,908 

1,836 

1,759 

577 

1,899 

490 

974 

18 


299, 209 

86, 469 

55, 793 

29.704 

18, 067 

5,136 

5,379 

3,214 

1,823 

2,726 


306, 180 

73, 792 

53, 986 

28,955 

20, 965 

6,383 

7,621 

2,176 

3,081 

3,118 


141,032 
37, 058 
27, 345 
16, 802 
12, 305 
4,644 
5,334 
2,009 
2,613 
3,108 


415, 891 
84, 523 
64, 352 
36, 098 
25, 047 
10, 188 
10, 043 
3, 565 
3,099 
8,149 


1, 425, 166 
387, 481 
257. 949 
124,981 
83, 409 
28,882 
33, 854 

12, 760 

13, 105 
17,601 


6,861,120 


5-10 


1, 537, 875 


10-25 


1,112,086 


25-50 


630, 005 


50-100 


401,049 


100-150... 


129, 159 


150-300 


139, 215 


300-500... 


54, 571 


500-1,000 


56, 700 


1,000 and over 


86, 857 


Total 


30, 435 


507, 520 


506,258 1 252,251 


660, 956 


2, 385, 187 


11,008,638 



1 For general explanations, see pp. 1-5. * See text p. 9. 

8 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.) 

* Interest received on Liberty 4- and 4}4-percent bonds and Treasury bonds on a principal amount in 
excess of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22, form 1040, 
p. 228.) 

• Excludes amounts reported in Schedule A as business deductions. 

5984—35 2 



12 



STATISTICS OF INCOME 



Percentage distribution of sources of income and deductions, individual returns for 
1933, by net income classes l 



Net income classes 
(Thousands of dollars) 



Sources of income 



Salaries, 



commis- 
sions, 
fees, etc. 



Business 



Partner- 
ship J 



Profit from sale of 
real estate, 
stocks, bonds, 
etc. 



Reported 

for tax on 

capital 

net gain 3 



All other 



Rents 
and roy- 
alties 



Divi- 
dends on 
stock of 
domestic 
corpora- 
tions 



Under 5 (estimated) 

6-10 

10-25 

25-50 

50-100 

100-150 

150-300 

300-500 

600-1,000 

1,000 and over 

Total 



67.00 
50.75 
36.89 
27.46 
20.24 
15.76 
9.16 
7.47 
3.34 
2.67 



12.18 

10.98 

8.09 

5.78 

4.03 

2.49 

1.60 

.92 

1.55 

.08 



2.44 

6.12 

7.91 

9.81 

11.01 

12.82 

11.36 

7.21 

3.19 

1.28 



0.13 

1.99 

4.04 

8.33 

12.53 

18.10 

18.41 

35.69 



1.34 
4.14 
6.33 
7.96 
8.45 
9.09 
7.01 
8.12 
6.45 
4.64 



3.90 

3.03 

2.74 

2.24 

1.56 

.87 

.82 

.06 

1.28 

.02 



4.33 
12.07 
21.69 
28.47 
37.45 
40.68 
47.32 
48.48 
58.72 
51.76 



55.18 



10.47 



4.51 



1.00 



3.13 



3.34 



11.64 



Net income classes 
(Thousands of dollars) 



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 



Sources of income — Continued 



Fiduci- 
ary ' 



1.13 
2.97 
4.59 
4.78 
3.56 
1.93 
1.69 
3.03 
1.12 
.48 



2.06 



Interest 
on Gov- 
ernment 
obliga- 
tions not 
wholly 
exempt 
from tax * 



0.54 
.79 
.73 
.55 
.61 
.57 
.23 
.18 
.20 



. 21 



Other 
taxable 
interest 



6.50 
8.09 
9.39 
9.38 
7.79 
6.13 
6.81 
4.29 
3.90 
2.51 



7.18 



Other 
income 



1.18 
1.31 
1.45 
1.40 
1.32 
1.39 
1.13 
2.09 
1.86 
.70 



1.25 



Total 
income 



100. 00 
100. 00 
100. 00 
100.00 
100. 00 
100. 00 
100. 00 
100. 00 
100. 00 
100.00 



100. 00 



Deductions 



Net loss 
from sale 
of real es- 
tate, stocks, 
bonds, etc., 
other than 
reported for 
tax credit 
on capital 
net loss 3 



2.57 
4.83 
3.34 
.91 
.65 
.73 
1.01 
1.08 
.42 
.25 



2.73 



Net loss 

from 
business 



0.42 
.44 
.50 
.62 
.44 
.51 

1.06 
.87 

1.75 
.21 



. 46 



Net income classes 
(Thousands of dollars) 



Deductions— Continued 



Net loss 
from 

partner- 
ship 



Interest 
paid » 



Taxes 
paid » 



Contri- 
butions 



All other 
deduc- 
tions 



Total de- 
ductions 



Net in- 
come 



Under 5 (estimated) 

5-10 

10-25 

25-50. 

60-100 

100-150 

150-300 

300-500 -. 

500-1,000.... 

1,000 and over 

Total 



0.18 
.22 
.29 
.24 
.36 
.37 

1.10 
.73 

1.40 
.02 



3.61 
4.49 
4.07 
3.93 
3.73 
3.25 
3.11 
4.77 
2.61 
2.61 



3.70 
3.83 
3.94 
3.84 
4.33 
4.04 
4.40 
3.23 
4.41 
2.99 



1.70 
1.93 
2.00 
2.23 
2.54 
2.93 
3.08 
2.98 
3.74 
2.97 



5.02 
4.39 
4.69 
4.78 
5.17 
6.45 
5.80 
5.29 
4.44 
7.80 



17.20 
20.13 
18.83 
16. 55 
17.22 
18.28 
19.56 
18.95 
18.77 
16.85 



82.80 
79.87 
81.17 
83.45 
82.78 
81.72 
80.44 
81.05 
81.23 
83.15 



.23 



3.79 



3.78 



1. 



4.94 



17.81 



82.19 



1 For general explanations, see pp. 1-5. 
1 See text, p. 9. 

1 Capital net gain and loss are roported as provided by law on sale of assets held more than 2 years. (See 
pp. 8 and 9.) 

* Interest received on Liberty 4- and 4H-percent bonds and Treasury bonds on a principal amount in 
excess of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22, form 1040, 
p. 228.) 

• Excludes amounts reported in schedule A as business deductions. 



STATISTICS OF INCOME 



13 



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. This year, for the first 
time, the tabulation of the net loss from business appears in these 
tables. The amount of net profit from business is comparable with the 
amount in the column entitled "Business" in reports of previous 
years. 

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 these items provide: 

Enter as item 5 your share of the profits (whether received or not) (or of the 
losses) of a partnership, 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 8 shall be reported in schedule C, (b) taxable interest on obligations 
of the United States shall be included in schedule D, and (c) profits which con- 
sisted of dividends on stock of domestic corporations shall be included in item 
10 (a) and/or (6) on the return. 

Frequency distribution by size of certain items of income and deduction, individual 
returns for 1938 of net income of $5,000 and over, showing number of returns and 
the amount of income and loss 

[Money figures and size classes in thousands of dollars] 





Salaries, wages, com- 
missions, fees, etc. 


Business 


Size of certain items of income and 
deduction 


Net profit 


Net loss 




Number 
of returns 


Amount 


Number 
of returns 


Amount 


Number 
of returns 


Amount 


Under 0.1 . 


2,430 

1,890 

1,424 

1,151 

883 

4,008 

7,272 

7,639 

9,554 

12, 746 

114,525 

28, 209 

10, 020 

4,737 

2,510 

2,480 

1,068 

966 

297 

198 

10 

4 


112 

265 

345 

390 

390 

2,870 

10, 653 

18, 902 

33, 277 

57, 692 

791,461 

334, 775 

169. 680 

104, 569 

67, 573 

84, 325 

47, 034 

57, 164 

25, 398 

25, 833 

3,562 

2,375 


790 

731 

549 

492 

435 

1,768 

2, 705 

2,459 

2,637 

3,453 

23, 377 

5,583 

2,063 

992 

541 

530 

242 

219 

67 

42 

3 

2 


37 

107 

136 

171 

193 

1,300 

4,091 

6,103 

9,269 

15, 049 

161,861 

67, 159 

35, 401 

21, 977 

14, 808 

18, 156 

10, 783 

13,139 

5,743 

5,471 

1,071 

1,189 


474 

462 

426 

307 

359 

1,416 

1,533 

863 

562 

306 

716 

218 

94 

48 

34 

33 

22 

19 

9 

6 

2 

1 


25 


0.1-0.2- 


68 


0.2-0.3. 


105 


0.3-0.4 


128 


0.4-0.5 


161 


0.5-1 


1,037 


1-2 


2,237 


2-3 


2,132 


3-4 


1,939 


4-5 


1,367 


5-10... 


4,959 


10-15 


2,647 


15-20. 


1,595 


20-25 


1,064 


25-30.. 


939 


30-40 


1,134 


40-50 


986 


50-75. 


1,208 


75-100 


801 


100-250 .. 


690 


250-500 


800 


500-1,000 


769 






Total 


214, 021 


1,838.646 1 


49, 740 


393,815 


7,970 


26, 791 



14 



STATISTICS OF INCOME 



Frequency distribution by size of certain items of income and deduction, individual 
returns for 1933 of net income of #5,000 and over, showing number of returns 
and the amount of income and loss — Continued 

[Money figures and size classes in thousands of dollars] 



Size of certain items of income and 
deduction 


Dividends on stock 
of domestic cor- 
porations 


Rents and royalties 


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 




Number 
of returns 


Amount 


Number 
of returns 


Amount 


Number 
of returns 


Amount 


Under 0.1 


30, 213 

17,521 

12, 177 

9,291 

7.364 

24, 883 

25, 470 

14,991 

10, 905 

8,339 

24, 205 

9. 258 

4,755 

2.775 

1,911 

2, 245 

1. 233 

1,492 

576 

801 

136 

64 

35 

210, 640 


1,328 

2. 539 

2.987 

3.211 

3,290 

18, 002 

36, 708 

36, 882 

37.811 

37.343 

170,082 

112,770 

82, 084 

61,936 

52, 20<* 

77. 495 

54. 983 

89, 822 

49, 607 

118,137 

45, 439 

43, 066 

62, 134 


10, 472 

7.099 

5.308 

4,177 

3,129 

8.721 

7, 159 

3, 395 

2,118 

1, 554 

4,171 

1,303 

515 

259 

148 

176 

68 

55 

15 

15 

1 

1 


499 

1,030 

1,301 

1,437 

1,395 

6, 196 

10, 160 

8,289 

7,319 

6,941 

29, 033 

15,719 

8.877 

5, 765 

3,998 

5,989 

2.999 

3,253 

1,231 

1, 875 

267 

570 


10.217 

6.336 

4,838 

3,901 

3,312 

11.312 

11,988 

6.779 

4, 352 

3,000 

7,971 

2,710 

1.318 

684 

526 

546 

238 

322 

125 

130 

20 

3 

3 


449 


0.1-02 


924 


0.2-0.3 


1, 195 


3-0.4 


1.351 


4-0.5 


1,483 


5-1 --- 


8, 186. 


]-■> 


17. 269 


2-3 - 


16, 688 


3-4 


15,075 


4-5 


13, 434 


5-10 


55, 508 


10-15 


32, 954 


15-20 -- 


22. 701 


20-25 


15,253 


2.5-30 


14,344 


30-40 .. - 


18, 739 


40-50 - 


10, 632 


50-75 - 


19, 232 


75-100 


10. 778 


100-250 -- 


18, 622 


250-500 


6,822 


500-1.000 - 


1,797 




5,274 










Total 


1, 199, 867 


59, 859 


124, 144 


80, 631 


303, 711 






Size of certain items of income and 
deduction 


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 


Capital 
from sa 
held m 
2 years 


net gain 
e of assets 
ore than 


Capital net loss 
from sale of assets 
held more than 2 
years 




Number 
of returns 


Amount 


Number 
of returns 


Amount 


Number 
of returns 


Amount 


Under 0.1 

0.1-0.2 


4.011 

2,565 

2,070 

1,968 

1,714 

6.850 

8,102 

5.092 

3. 353 

2.397 

5, 745 

1,851 

773 

337 

157 

125 

57 

29 

11 

13 


176 

374 

510 

682 

768 

5,006 

11,714 

12,516 

11.584 

10, 754 

39, 970 

22,318 

13,214 

7,487 

4, 256 

4,289 

2,532 

1,755 

976 

2,082 


255 

163 

92 

108 

90 

309 

371 

233 

130 

129 

362 

210 

135 

115 

104 

164 

115 

158 

97 

156 

58 

21 

16 


12 
23 

23 

37 

40 

225 

536 

574 

445 

579 

2,596 

2.581 

2,364 

2,576 

2,874 

5, 770 

5,128 

9,621 

8, 353 

23, 531 

19,630 

14. 979 

31,118 


248 

164 

169 

127 

150 

622 

999 

787 

680 

591 

2,021 

1, 527 

1,303 

1.018 

838 

1,224 

768 

1,024 

501 

746 

192 

54 

19 


15 
24 


0.2-0.3 


42 


0.3-0.4 


44 


0.4-A.5 


67 


0.5-1 


456 


1-2 


1,473 


2-3 


1,941 


3-4 


2,377 


4-5 - 


2,660 


5-10 


14,754 


10-15 .. 


18. 962 


1.5-20 


22. 695 


20-25 

25-30 


22, 848 
22, 965 


30-40 - 


42. 374 


40-50 


34, 320 


£0-75 


62, 286 


75-100 


42, 954 


100-250 


110,359 


250-500 


66, 101 


500-1,000 






35, 280 








48, 812 










Total 


47, 220 


152, 959 


3,591 


133, 616 


15, 772 


553,811 







STATISTICS OF INCOME 15 

NET PROFIT AND NET LOSS FROM BUSINESS, RETURNS OF NET INCOME OF $5,000 
AND OVER, BY INDUSTRIAL GROUPS (INDIVIDUAL RETURNS) 

The net profit and net loss from business (other than from partner- 
ships) reported in returns, form 1040, of net income of $5,000 and over, 
are classified in the following table according to nature of business. 
This table includes more data than have been published in other years, 
because, for the first time, (1) business with losses are included, (2) 
selected items were tabulated from schedule A for all returns on which 
they were available, and (3) the industrial groups are shown in greater 
detail. Business profits and losses reported on returns, form 1040, 
with net income of less than $5,000, are not included. 

For returns with information on schedule A, there are shown the 
number of businesses with profit and loss, total receipts, salaries and 
wages paid, net profit and net loss. For returns with business but 
without information on schedule A, and for all returns with business, 
there are presented the number of businesses with profit and loss and 
the net profit and net loss. 

This table excludes income from partnerships reported In item 5 on 
face of return, form 1040 (see p. 228), and salaries, wages, fees, commis- 
sions, etc., reported in item 1 on face of return. These data represent 
only such amounts reported by individuals as were derived from busi- 
ness operations conducted as sole proprietors, and do not necessarily 
indicate the principal occupation of nor the total income reported by 
the individual making the return. This year, for the first time, the 
industrial group "Food products including beverages" is separated 
into "Food and kindred products" and "Liquors and beverages (alco- 
holic and nonalcoholic)" and the various subgroups are shown for the 
major industrial groups of "Trade," "Service," and "Finance." 

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 return, form 1040. The net loss from 
business occurs when the deductions exceed the total receipts. 



16 



STATISTICS OF INCOME 



Net profit and net loss from business (other than from partnerships) by industrial 
returns with schedule A, number of businesses with profit and loss, total receipts, 
business, but without schedule A and for all returns with business, number of 
items for prior years 

[Money figures in 





All returns with business 


Returns with 

information on 

schedule A 




Num- 
ber of 

busi- 
nesses 

with 
profit 


Net profit 


Num- 
ber of 

busi- 
nesses 
with 

loss 


Net 
loss 


Business with 
profit 


Industrial groups 


Num- 
ber of 
busi- 
nesses 


Total 
receipts 




2,779 
539 


14, 433 
5,200 


3,950 
182 


14, 547 
698 


2,302 
401 


56, 708 
12, 793 






Manufacturing: 


531 

106 
24 

587 
73 
15 

150 
78 

329 

114 
47 

278 

340 


4,734 

1,363 
218 

6, 850 
800 
145 

1,332 
558 

2,860 

1,920 
438 

2,400 

3,420 


24 

12 
5 

35 
4 
1 

20 
G 

51 

21 

22 
40 


69 

96 
36 
79 
3 
1 
38 
46 
115 
53 
40 
131 
111 


488 

94 

21 

563 

64 

14 

141 

69 

301 

107 

43 

261 

308 


64, 100 

14.698 

2,091 

99, 629 

10, 490 
1,621 

11, 787 
5,173 

14, 746 
10, 601 
3,208 
18, 814 
28, 300 


Liquors and beverages (alcoholic and non- 
alcoholic) .-. - 




Textiles and their products. 










Printing, publishing, and allied industries.. 


Stone, clay, and glass products 


Metal and its products 

Manufacturing not elsewhere classified 


Total manufacturing 


2,672 


27, 039 


248 


817 


2,474 


275, 258 




Construction 


7G4 
798 


6,476 
5, 888 


76 
74 


265 
214 


683 
721 


50, 505 
37, 997 


Transportation and other public utilities 


Trade: 

Retail... 


9,221 

1.602 

270 


63, 459 

15, 582 

2,118 


870 
90 
15 


1,826 
240 
82 


8,314 

1,494 

253 


741, 685 
354, 965 
34. 548 


Wholesale 


Wholesale and retail 




Total trade 


11, 093 


81, 159 


975 


2,148 


10, 061 


1, 131, 197 




Service: 

Domestic— Laundries, hotels, restaurants, 
etc.. 


605 

413 

11, 147 

1,068 

637 

8, 175 

2,318 


3,708 
4.047 
82.546 
9,950 
5,567 
75, 492 
17, 739 


137 
155 
351 
150 
174 
369 
110 


1,137 
1,138 
472 
207 
390 
489 
197 


568 

368 

10, 222 

887 

546 

6,758 

2,089 


27,766 

16, 745 
148, 162 

17, 156 
11,982 

118,706 
59, 083 


Amusements 


Curative, medicinal, and all other 


Educational 


Engineering. 


Legal 


Allother 




Total service 


24, 363 

644 

557 

2,374 


199. 048 


1,446 


4,031 


21, 438 


399, 580 




Finance: 

Investment brokers. .. 

Real estate 


9,951 

3,362 

20, 551 


103 
190 
149 


1,299 
617 
391 


517 

470 

1,974 


206, 184 
56, 789 
56, 559 


All other 




Total finance 


3.575 


33, 863 


442 


2,308 


2.961 


319,533 




Nature of business not given 


3. !57 


2H, 709 


577 


1,763 


2,086 


130, 754 




Grand total. 1933 


49, 740 
45, 547 
97, 779 
154, 640 
228, 475 
220. 159 
212,919 
218, 148 
203 576 


393, 815 
354, 488 
766, 730 
1, 215. 452 
1, 836, 329 
1, 772, 255 
1,704, 175 
1, 738, 523 
1, 623, 63S 


7,970 


26, 791 


43, 127 


2,414,325 


1932 


1931 










1930 










1929 










1928 










1927 










1926 










1925 





















STATISTICS OF INCOME 



17 



groups, individual returns for 1933 of net income of $5,000 and over, showing for 
salaries and wages paid, net profit and net loss, and showing for returns with 
businesses with profit and loss, net profit and net loss; also grand totals for certain 

thousands of dollars] 



Returns with information on schedule A— Continued 


Returns with businesses but 
without information on 
schedule A 


Business with profit- 
Continued 


Business with loss 


Num- 
ber of 
busi- 
nesses 
with 
profit 


Net 
profit 


Num- 
ber of 
busi- 
nesses 
with 
loss 




Salaries and 
wages paid 


Net 

profit 


Num- 
ber of 
busi- 
nesses 


Total 
receipts 


Salaries and 
wages paid 


Net 
Loss 


Net 
loss 


Labor 


Salaries 
not in- 
cluded 
in labor 


Labor 


Salaries 
not in- 
cluded 
in labor 




17, 055 
1.287 


1,395 
553 


12, 176 
3,519 


3,220 
139 


15, 770 
1,082 


6,143 
327 


1,153 
127 


12,208 
539 


477 
138 


2, 257 
1,681 


730 
43 


2,338 
159 


4,862 

1,043 

438 
21, 789 
2,413 

218 
2,009 

924 
3,406 
1,030 

553 
3,260 
4,346 


2,893 

527 

88 

3,618 

325 
87 

405 

394 
1,058 
1,039 

172 
8,687 
1,800 


4,338 

1,197 
186 

6,606 
721 
136 

1,272 
477 

2,604 

1,814 
415 

2,264 

3,089 


22 

9 
3 

30 
1 
1 

16 
4 
32 
14 
7 
15 
38 


772 

64 

24 

3,551 

3 

11 
350 

24 
803 
653 
814 
307 
421 


59 

25 

5 

672 

20 
15 
40 
34 

124 
78 

144 


80 

6 

2 

169 

3 

1 

33 

2 

80 

26 

89 

24 

40 


57 

88 

• t 6 

76 

1 

1 

27 

14 

67 

26 

40 

40 

106 


43 

12 
3 

24 
9 
1 
9 
9 

28 
7 
4 

17 

32 


396 

166 

32 

243 

79 

9 

60 

81 

256 

105 

23 

136 

331 


2 

3 
2 
5 
3 


12 

8 
30 
3 
2 


4 
2 

19 
7 


11 
31 
48 
26 


7 
2 


91 
5 


46, 290 


21, 093 


25, 121 


192 


7,798 


1,216 


554 


550 


198 


1,918 


56 


267 


19, 919 
4,099 


2,018 
4,127 


5.741 
5,380 


66 
61 


2,970 
1,161 


642 

88 


185 
206 


226 
170 


81 

77 


735 
508 


10 
13 


39 
44 


42, 255 
8,781 
1,011 


50, 761 
11,121 
1,596 


57, 892 
14, 620 
1,960 


703 

80 
13 


31.004 

12, 208 

727 


1,366 
144 
46 


1,676 

495 

43 


1,524 
217 
81 


907 

108 

17 


5,567 
962 
157 


167 
10 
2 


302 

23 

1 


52, 047 


63, 477 


74, 473 


796 


43, 939 


1,557 


2,213 


1,822 


1,032 


6,686 


179 


326 


8,280 

772 

10, 682 

906 

645 

1,434 

3,792 


3,217 
2,376 
18, 225 
2,956 
2,260 
17, 127 
14, 605 


3,445 

3,575 
75, 838 
8,759 
5.044 
64, 279 
16, 059 


118 
128 
309 
112 
131 
291 
92 


2,285 
1,133 
714 
275 
274 
638 
730 


893 

128 
34 
23 
38 
75 
42 


358 
215 
291 
120 
222 
410 
327 


1,110 
954 
389 
166 
311 
406 
159 


37 

45 

925 

181 

91 

1,417 

229 


264 
472 
6.708 
1,191 
523 
11,212 
1,680 


19 

27 
42 
38 
43 

78 
18 


27 
183 
82 
41 
79 
83 
38 


26,511 


60, 767 


176, 999 


1,181 


6,049 


1,233 


1,944 


3,496 


2,925 


22, 049 


265 


535 


84 
4,147 
2,013 


1,886 

1,174 

11,705 


8,217 
2,892 
17, 291 


72 
138 
104 


21, 061 

588 

3,016 


1,964 
43 
72 


280 
189 
172 


1,042 
512 
267 


127 
87 
400 


1,734 

470 

3,260 


31 
52 
45 


257 
106 
124 


6,244 


14, 764 


28,400 


314 


24, 665 


2,079 


640 


1,821 


614 


5,464 


128 


487 


9,717 


8,005 


15, 805 


405 


8,056 


1,078 


838 


1,416 


1,071 


4,903 


172 


347 


183, 167 


176, 198 


347, 615 


6,374 


111, 489 


14, 363 


7,860 


22, 248 


6,613 


46, 200 


1,596 


4,543 



































































































































































































18 STATISTICS OF INCOME 

Basic table 8, pages 82 to 87, contains, for each industrial group, a 
frequency distribution of the number of returns with business and 
the amount of net profit and net loss from business, by size of net 
profit and net loss. This table excludes net profit and net loss from 
partnerships and income from salaries, wages, fees, commissions, etc. 

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 se- 
curities the interest on which is exempt from the normal income tax 
of the Federal Government and certain issues on which the interest 
on the principal amount up to $5,000 is also exempt from surtax. 
During the calendar year 1933, the wholly tax-exempt obligations of 
the Federal Government, on which interest was paid, included bonds 
issued on or before September 1, 1917, First Liberty 3K-percent bonds, 
Treasury bills, Treasury certificates of indebtedness, Treasury notes, 
securities issued under the Federal Farm Loan Act, and obligations of 
United States possessions. Partially tax-exempt obligations of the 
Federal Government were Liberty 4- and 4}4-percent bonds and all 
Treasury bonds. 

The following tabulation shows forreturnsof netincomeof $5,000 and 
over the wholly and partially tax-exempt obligations owned as of the 
end of the year, and the total wholly and partially tax-exempt interest 
received or accrued during the year, segregated by nature of obliga- 
tion and by net income classes. This year, for the first time, the 
wholly tax-exmpt obligations of the Federal Government are tabulated 
in two parts, as follows: "Obligations of possessions of the United 
States and securities issued under Federal Farm Loan Act" and 
"Obligations of the United States issued on or before September 1, 
1917, Liberty 3J2-percent bonds, Treasury notes, Treasury bills, and 
Treasury certificates of indebtedness." 

The interest reported is the total amount received or accrued during 
the year. Since bond holdings are subject to variation during the 
year, the amount of bonds reported as of the end of the year may 
include bonds for which no interest was received or accrued, and, 
vice versa, the interest reported ma} 7 include interest on bonds which 
are not included in the amount of bonds reported. 



STATISTICS OF INCOME 



19 



Wholly and partially tax-exempt obligations reported in individual returns for 1983 
of net income of $5,000 and over, showing amount owned and interest received by 
nature of obligations and net income classes 

[Money figures and net income classes in thousands of dollars] 





Amount owned • 




Total 


Wholly tax-exempt obligations 




Net income classes 


Total 


Obligations 

of States and 

Territories 

or political 

subdivisions 

thereof 


Obligations 
of possessions 
of the United 
States and se- 
curities issued 
under Federal 

Farm Loan 
Act 


Liberty 3)4- 

percent 
bonds, Treas- 
ury -?otes. 
Treasury bills 
and Treasury 
certificates of 
indebtedness 3 


Partially 
tax-exempt 
obligations- 
Liberty 4- 

an.d 

4j4-pereeD! 

bond.- an 1 

Treasury 

bon ! 


5-6 


190,041 

177,814 

127.384 

112, 109 

112,599 

109,353 

91,259 

107, 742 

71,493 

79, 873 

282. 687 

273.716 

216,808 

363, 029 

291, 754 

206. 532 

164, 837 

113.771 

120.7^1 

93. 603 

315, 926 

136,435 

171,277 

66, 676 

84, 882 

35, 277 

144, 668 

84, 785 

45. 171 

1,877 

129,954 

5 

11,020 


114,922 

118,223 

77, 556 

69. 857 

71.707 

76. 946 

61.710 

83, 050 

45, 729 

60. 148 

206, 809 

223, 421 

179,021 

305, 669 

250,516 

1«1,610 

148, 896 

103, 496 

114,439 

87, 661 

290, 479 

129,772 

160, 585 

61,367 

82, 223 

33.491 

142, 185 

83. 884 

40, 932 

1,868 

128, 627 


76, 347 

77,331 

52. 038 

49,421 

47, 332 

64, 038 

41,4ul 

61,950 

31,519 

44, 146 

139, 538 

150, 153 

132, 527 

218, 108 

177.985 

128, 205 

95,068 

66. 199 

84, 396 

62, 423 

196, 022 

91,310 

115,810 

35. 8S2 

50. 696 

27, 966 

105, 277 

47, 338 

19, 729 

768 

34,417 


li 485 

10. 056 

7. 989 
7,420 

8, 197 
9,865 

4, 924 
£ . ■ .17 

5, s46 
5,341 

24, 256 
18.851 
14. 289 
27,431 

23. 057 
14,057 

9,402 

10,278 

9,976 

6,373 

11,475 

7.937 

4,808 

3,959 

2.683 

1.272 

2,645 

258 

513 


22, 090 
30,831 
17,529 
13 016 
16. 178 
13.043 
15, 335 
12,733 

8. 364 
10. 662 
43,016 
54,417 
32. 205 
60, 130 
49, 474 
39, 348 
44, 426 
27.018 
20. 066 
19, 864 
82, 982 
30, 525 
39, 966 
21,526 
28, 844 

4. 252 
34. 263 
36. 287 
20. 690 

1. 100 
94, 161 


75.119 


6-7 - 


59.591 


7-8 


49. 827 


8-9 


42. 252 


9-10 


40,891 


10-11 


32. 407 


11-12 


29, 549 


12-13 


24. 692 


13-14 


25. 763 


14-15 


19,724 


15-20 


75. 877 


20-25 - 


50. 295 


25-30 


37. 787 


30-40 


57. 360 


40-50 


41.238 


60-60 


24.921 


60-70..- 


15.941 


70-80 


R 275 


80-90... 


6. 352 


90-100 


5.942 


100-150 


25, 447 


150-200 


6. 663 


200-250 


10, 692 


250-300 


5.309 


300-400 


2. 658 


400-500 


1.786 


500-750 


2,483 


750-1.000 


902 


1,000-1,500 


4.239 


1,500-2.000 


9 


2.000-3.000 


50 


1,327 


3.000-4.000 


5 


4,000-5,000 


J 1,020 


2,810 




8.210 










Total 


4, 535, 146 


3, 747, 821 


2, 518, 206 


277, 061 


952. 554 


7«7. 325 







i As of the end of the year. 

• Includes other obligations of United States issued on or before Sept. 1, 1917. 



20 



STATISTICS OF INCOME 



Wholly and partially tax-exempt obligations reported in individual returns for 1933 
of net income of $5,000 and over, showing amount owned and interest received by 
nature of obligations and net income classes — Continued 

[Money figures and net income classes in thousands of dollars] 









Interest received 8 








Total 


Wholly tax-exempt obligations 


Partially 


Net income classes 


Total 


Obligations 
of States and 
Territories 
or political 
subdivisions 
thereof 


Obligations 
of possessions 
of the United 
States and se- 
curities issued 
under Federal 

Farm Loan 
Act 


Liberty 3 M- 

percent 
bonds, Treas- 
ury notes, 
Treasury bills 
and Treasury 
certificates of 
indebtedness 3 


tax-exempt 
obligations- 
Liberty 4- 

and 

4 M -percent 

bonds and 

Treasury 

bonds * 


6-6. 


9,383 
8,797 
6,806 
5,962 
5,796 
6.721 
4,791 

5, 189 
3,789 
4,348 

14.810 
13.310 
10,818 
20, 406 
15. 737 
11,749 
10, 608 
7,183 

6, 756 
4,302 

17. 277 
6, 530 
7,218 
3,423 
3,475 
2, 159 
6,178 
4,359 
1,676 
66 
4,830 

(') 
352 


6,205 

6,284 

4,587 

3,809 

4,019 

4,264 

3,488 

4,111 

2,700 

3,493 

11,642 

11,154 

9,193 

17, 966 

14, 066 

10,741 

9,890 

6,795 

6,491 

4,074 

16, 492 

6, 257 

6,851 

3,231 

3,399 

2.104 

6,084 

4,327 

1,520 

06 

4,780 


4,591 
4,349 
3,467 
2,909 
2,930 
3,280 
2,677 
3,264 
2,075 
2, 763 
8,883 
8,700 
7,318 
13, 973 
10, 902 
8,575 
6,999 
5,170 
5,253 
3,200 
12, 844 
4,853 
5,311 
2,308 
2, 560 
1,884 
5,046 
3,059 
819 
39 
1,452 


838 

543 

525 

440 

494 

496 

312 

445 

290 

338 

1,139 

9S9 

775 

1,637 

1,252 

848 

737 

515 

520 

288 

697 

417 

271 

241 

301 

78 

122 

67 

30 


775 

1,392 

595 

400 

595 

489 

499 

402 

336 

392 

1,620 

1,466 

1,101 

2,356 

1,912 

1,318 

2,153 

1,110 

718 

586 

2, 951 

987 

1,270 

683 

539 

143 

910 

1,201 

672 

27 

3,326 


3,178 


6-7 


2,514 


7-8 


2,219 


8-9 


2, 153 


9-10 


1,777 


10-11 


1,457 


11-12 


1,303 


12-13 


1,077 


13-14 


1,089 


14-15 


856 


15-20... 


3,168 


20-25 


2,155 


25-30 


1,625 


30-40 


2,440 


40-50 


1,671 


50-60 


1,008 


60-70 


719 


70-80 


388 


80-90 


264 


90-100 


228 


100-150 


785 


150-200... 


273 


200-250 


367 


250-300.. 


191 


300-400-. 


70 


400-500 


55 


600-750..- 


94 


750-1,000 


33 


1,000-1,500. 


158 


1,500-2,000. 


(8) 


2,000-3.000 


2 


50 


3,000-4,000 


( } ) 


4,000-5,000 


352 


171 


4 


178 






Total 


233, 808 


200, 438 


151, 621 


15, 651 


33, 165 


33, 370 





1 Total amount received or accrued during the year. 

• Includes other obligations of United States issued on or before Sept. 1, 1917. 

4 Includes interest received on a principal amount not in excess of $5,000 which is wholly exempt from in- 
come taxes. (See line (d), column 3, Schedule D, form 1040, p. 228.) For amount of interest received on a 
principal amount in excess of the exemption of $5,000 which is subject to surtax if the net income is over 
$6,000, see text table on p. 10 and basic table 7, pp. 79-81. 

• Less than $500. 

RETURNS ON FORM 1040 WITH NO NET INCOME (INDIVIDUAL RETURNS) 

As noted on page 2, the general tables for individual returns in the 
Statistics of Income do not include data for returns which show no net 
income. Such returns are filed in accordance with the statutory 
requirements that every individual with gross income of $5,000 and 
over, irrespective of the amount of net income or deficit, file an income 
tax return. Tabulations prepared from these returns by deficit 
classes and by sources of income and deductions are shown below. 
The distribution of the returns by States and Territories and more 
detailed tabulation of the sources of income and deductions, by 
deficit classes, are shown in basic tables 10 and 11, page 138. 



STATISTICS OF INCOME 



21 



Individual returns for 1933 on form lOlfi with no net income, by deficit classes, 
shoiving number of returns, deficit, and totals for 1929 to 1933 

[Money figures and deficit classes in thousands of dollars] 



Deficit classes 


Number of 
returns 


Deficit 




130, 075 

17, 071 

13, 187 

4,693 

2,051 

632 

482 

152 

80 

26 


178,044 


6-10 


119, 612 




204, 536 




162, 997 


50-100 - - 


140, 877 




76, 075 




99, 996 




57, 148 


500-1,000 


55, 385 




46, 662 








Total 1933 


168, 449 
206, 293 
184, 583 
144, 867 
92, 545 


1,141,331 


1932 -- 


1,480,922 


1931 


1, 936, 878 


1930 


1, 539, 452 


1929 - - 


1, 025, 130 









Individual returns for 1933 on form 1040 with no net income, shoiving sources of 

income and deductions l 

[Thousands of dollars] 



Sources of income and deductions 



Amount 



Source of income: 

Salaries, wages, commissions, fees, etc - 

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 

Dividends on stock of domestic corporations ■ 

Fiduciary s - ■ 

Interest on Government obligations not wholly exempt from tax * 

Other taxable interest - ■ 

Other income • 

Total income ■ 

Deductions: 

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 - ■ 

Net loss from partnership - • 

Interest paid * ■ 

Taxes paid » 

Contributions .- - 

All other 

Total deductions ■ 

Deficit 



174, 581 
51,137 
31,000 

67, 470 

83, 675 
152. 361 

19. 840 

4,420 

107,904 

33, 423 



725,817 



773, 899 
181,099 

68. 850 
135, 232 
171,387 

29, 664 
507, 017 



1,867,148 



1,141,331 



i For general explanations, see pp. 1-5. 
1 See text, p. 9. 

• 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. 

• Interest received on Liberty 4- and 4!4-percent bonds and Treasury bonds on a principal amount in excess 
of $5,000. 

• Excludes amounts reported in schedule A as business deductions. 



22 



STATISTICS OF INCOJVIE 



NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNSHIPS (INDIVIDUAL 

RETURNS) 

The statistics showing the number of individual income-tax returns 
for 1933, by counties, cities, and 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 1933 — 
Number of Returns by States, and by Counties, Cities, and Town- 
ships", which was released May 13, 1935. Copies may be secured 
from the Bureau of Internal Revenue, Washington, P.C., upon 
request. 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 partnership net income, 
whether distributed or not, or the net loss, is reported by the individual 
copartners according to their shares. A special partnership return 
of income (form 1065, see p. 242) is, however, required to be filed. 

The number of partnership returns filed for 1917 to 1933, inclusive, 
is as follows: 

Year: Number 

1917 31,701 

1918 100,728 

1919 175,898 

1920 240,707 

1921 259, 359 

1922 287,959 

1923 304,990 

1924 321,158 

1925 209,414 

CORPORATION INCOME-TAX RETURNS 

The number of income-tax returns filed by corporations for 1933 
was 504,080, as against 508,636 for 1932. Of the total number of 
1933 returns, 109,786 showed net income, 337,056 no net income, and 
57,238 no income data. The returns with net income show an aggre- 
gate net income of $2,985,971,525, income tax of $416,092,510, excess 
profits tax of $6,975,624 imposed by the provisions of the National 
Industrial Recovery Act, and the total tax of $423,068,134. The 
number of returns with net income increased 27,140, or 32.8 percent, 
as compared with 1932 returns, and the net income increased $832,- 
858,706, or 38.7 percent. The number of returns with no net income 
decreased 32,182, or 8.7 percent, as compared with similar 1932 returns, 
and the deficit reported was $5,533,338,849, a decrease of $2,263,- 
347,903, or 29 percent. 

Separate tabulations for fiscal year returns (not ending December) 
and for fractional (part year) returns, shown on pages 35 and 36, 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 shown on pages 33 to 35, from 
which the significance of this form of return can be appraised. Con- 
solidated returns represent the composite returns of affiliated corpora- 
tions 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. 



Year : Number 

1926 295,425 

1927 282,841 

1928 272,127 

1929 -.. 263,519 

1930 244,670 

1931 230,407 

1932 216,712 

1933 214,881 



STATISTICS OF INCOME 



23 



DISTRIBUTION BY MAJOR INDUSTRIAL GROUPS OF NUMBER OF RETURNS, INCOME, 
AND TAX (CORPORATION RETURNS) 

The table immediately following shows the returns of corporations 
distributed by major industrial groups and segregated according to 
"returns showing net income," "returns showing no net income," 
and "returns showing no income data — inactive corporations." Basic 
table 12, pages 140 and 141, 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 
"Finance — banking, insurance, real estate, stock and bond brokers, 
etc.," allowance should be made for the two special deductions from 
gross income permitted life insurance companies under paragraphs 
(2) and (4), subsection (a), section 203, Revenue Act of 1932, aggre- 
gating $688,964,267. In basic table 13, pages 142 to 153, the special 
deductions for life insurance companies are included in "miscellaneous 
deductions" under "statutory deductions." 

This year, for the first time, the industrial group "Food products 
including beverages" is separated into "Food and kindred products" 
and "Liquors and beverages (alcoholic and nonalcoholic)." 

Corporation returns for 1988 by major industrial groups, showing for returns with 
net income and no net income, number of returns, gross income, deductions, net 
income or deficit, total tax, and percentages; also number and percent of inactive 
corporations l 

[Money figures in thousands of dollars] 



Industrial groups 



Total 
number 

of 
returns 



Returns showing net income 



Number 



Percent 

of 

total 



Gross 
income 2 



Deduc- 
tions » 



Net 
income 



Agriculture and related industries 

Mining and quarrying 

Manufacturing: 

Food and kindred products 

Liquors and beverages (alcoholic 
and nonalcoholic) 

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 utili- 
ties 

Trade 

Service— Professional, amusements, ho- 
tels, etc 

Finance — Banking, insurance, real es- 
tate, stock and bond brokers, etc 

Nature of business not given 

Grand total 



10, 490 
17. 068 



12, 859 

2,969 

405 

15, 351 

2,407 
572 

6,879 

2,164 

12, 077 
7,678 
4,112 

19, 080 

7,278 



93, 831 



18,235 



24, 302 
137, 858 



47, 843 



142, 942 
11,511 



504, 060 



1,443 
2.982 



13. 76 

17.47 



178, 040 
555. 679 



163, 146 
483. 9<I3 



122 
5,664 

973 

215 
1,638 

993 

2.713 

2,458 

642 

4,291 

1,500 



33.03 

30.25 
30.12 
36.90 
40.42 
37.59 
23.81 
45.89 

22.46 
32.01 
15.61 
22.49 

20.61 



5, 536, 520 

484, 487 
837, 949 
3, 183, 894 
727, 024 
300,313 
407, 146 
709, 716 

977, 340 
4, 094, 654 

428, 580 
4, 059, 694 

541, 968 



5, 271, 915 

411.124 
772, 724 
2, 980. 160 
679, 438 
286, 975 
384, 401 
657, 360 

906, 261 
3,821,745 

393, 818 
3, 772, 502 

490, 232 



26. 354 



28.09 



2,140 



7,429 
39, 275 



7,566 



22, 369 
228 



30.57 
28.49 



15.81 



15.65 
1.98 





868, 980 



2, 725, 266 
1.899 



807, 997 



* 2, 464, 697 
1,420 



14, 894 

71.686 



264, 606 

73, 363 
65. 224 
203, 733 
47, 586 
13, 339 
22, 745 
52, 356 

71, 079 
272, 909 

34, 762 
287, 192 

51, 736 



1, 460, 632 
23, 638 



657, 272 
435, 820 



60, 982 



260, 569 
479 



1U9, 786 



46, 762, 366 



43, 766, 394 



2, 9»o, y72 



1 For general explanations, see pp. 1-5. 

> 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 ol return). 

* Includes special nonexpense deductions of life insurance companies. (See p. 23.) 



24 



STATISTICS OF INCOME 



Corporation returns for 1933 by major industrial groups, showing for returns with 
net income and no net income, number of returns, gross income, deductions, net 
income or deficit, total tax, and percentages; also number and percent of inactive 
corporations 1 — Continued 

[Money figures in thousands of dollars] 



Industrial groups 



Agriculture and related industries 

Mining and quarrying -- 

Manufacturing: 

Food and kindred products 

Liquors and beverages (alcoholic and nonalco- 
holic) --- - — 

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 — B inking, insurance, r6al estate, stock and 

bond brokers, etc 

Nature of business not given 

Grand total 



Returns showing Returns showing no net income 
net income — Con. 



Total tax 3 



Amount 



$2, 156 
10, 201 



37, 537 

10, 596 
9,007 

28, 774 
6,749 
1,919 
3,273 
7,419 
9,977 

38, 776 
4,912 

40, 942 
7.482 



207,362 



3,440 
92, 581 
62, 189 

8,717 

36, 352 
69 



423, 068 



Percent 
of net 
income 



14. 48 
14.23 



14.19 

14.44 
13.81 
14.12 
14.18 
14.38 
14.39 
14.17 
14.04 
14.21 
14.13 
14.26 
14.46 



14.20 



14.55 
14.09 
14.27 
14.29 

13 95 
14.30 



14.17 



Number 



7,818 



7,934 

1,648 

261 

9,310 

1, 365 

330 

4,882 

1,106 

8,886 

4,696 

3,186 

13, 849 

4,842 



62. 295 



14, 112 
14, 349 
93, 621 
35, 419 

99,314 
1,262 



337, 056 



Percent 
of total 



74.53 
51.95 



61.70 

55.50 
64.45 
60.65 
56.71 
57.69 
70.97 
51.11 
73.58 
61.10 
77.48 
72. 58 
66.53 



W. 39 



77.39 
59.04 
67.91 
74.03 

69.48 
10. 96 



Gross 
income * 



$217, 090 
1, 402, 596 



1, 748, 880 

107,420 
105, 158 

1, 468, 280 
261,236 
418, 134 
586, 815 
453, 368. 
673. 352 

2, 191, 132 
290, 009 

4, 077, 533 
480, 173 



12,861,490 



704, 115 
5, 826, 561 
9, 222, 849 
1, 952, 228 

4, 695, 482 
7,643 



Industrial groups 



Agriculture and related industries. 

Mining and quarrying 

Manufacturing: 

Food and kindred products 

Liquors and beverages (alcoholic and nonalcoholic).. . 

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... - 



Returns showing no 
net income — Con- 
tinued 



Deduc- 
tions > 



277, 302 
1, 650, 723 



1,835,307 
121, 595 
120, 051 

1,565,118 
281, 998 
428, 134 
682, 150 
489, 459 
731, 269 

2, 380, 344 
345, 644 

4, 571, 659 
565, 348 



14,118,076 



795, 560 
6, 569, 677 
9, 699, 034 
2, 330, 251 

> 6, 969, 288 
13, 482 



42, 423, 394 



Deficit 



60, 212 
248, 127 



86,428 
14, 175 
14, 893 
96, 838 
20, 761 
10, 000 
95, 335 
36, 090 
57, 917 

189, 213 
55, 635 

494, 126 
85, 175 



1, 256, 586 



91, 445 
743, 116 
476, 184 
378, 023 

2, 273, 800 
5,838 



Returns showing no 
income data— inac- 
tive corporations 



Number Percen t 
of total 



1,229 
5,220 



678 
423 

22 
377 

69 

27 
359 

65 
478 
624 
284 
940 
936 



5,182 



1,983 
2,524 
4,962 
4,858 

21, 259 
10, 022 



57, 238 



11.71 
30. 58 



5.27 
14.25 
5.43 
2.45 
2.87 
4.72 
5.22 
3.00 
3.96 
6.83 
6.91 
4.93 
12.86 



5.52 



10.87 
10.39 
3.60 
10.16 

14.87 
87.06 



11.35 



1 For general explanations, see pp. 1-5. 

« 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 excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery 
Act). 

< Includes special nonexpense deductions of life insurance companies. (See p. 23.) 



STATISTICS OF INCOME 



25 



DISTRIBUTION 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, 
total tax, and percentages; also the number of returns filed for inactive 
corporations showing no income data: 

Corporation returns for 1933, by net income and deficit classes, showing number of 
returns, net income or deficit, total tax, and percentages 

[Money figures and net income classes in thousands of dollars] 





Returns showing net income 


Net income classes 


Returns 


Net income 


Total tax i 




Number 


Percent 


Amount 


Percent 


Amount 


Percent 


Under 1 


52, 278 

13, 558 

7,481 

4,783 

3,404 

9,143 

4,324 

2,634 

1,836 

4,245 

2,638 

1,958 

732 

385 

318 

69 


47.62 

12.35 

6.81 

4.36 

3.10 

8.33 

3.94 

2.40 

1.67 

3.87 

2.40 

1.78 

.67 

.35 

.29 

.06 


16, 350 

19, 559 

18, 359 

16, 574 

15, 239 

65, 189 

52, 927 

45, 569 

41, 121 

149, 596 

184, 378 

302, 402 

254, 594 

263, 853 

636, 480 

903, 781 


0.55 

.66 

.61 

.55 

.51 

2.18 

1.77 

1.53 

1.38 

5.01 

6.17 

10.13 

8.53 

8.84 

21.31 

30.27 


2,305 

2,737 

2,601 

2,332 

2,148 

9.216 

7,519 

6,471 

5,827 

21, 240 

26, 135 

42, 994 

36, 064 

37, 324 

89, 990 

128, 166 


0.54 


1-2 


.65 


2-3 


.61 


3-4 


.55 


4-5 


.51 


5-10 


2.18 


10-15 


1.78 


15-20 


1.53 


20-25 


1.38 


25-50 


5.02 


50-100... 


6.18 


100-250 


10.16 


250-500 


8.53 


500-1,000 


8.82 


1,000-5,000 


21.27 


5,000 and over 


30.29 






Total 


109, 786 


100.00 


2, 985, 972 


100.00 


423, 068 


100. 00 









Returns showing no net income 


Deficit classes 


Returns 


Deficit 




Number 


Percent 


Amount 


Percent 


Under 1 


153, 615 
47, 221 
27, 048 
17, 828 

12, 545 
31, 422 

13, 279 
7,322 
4,759 

10, 380 

5,629 

3,515 

1,222 

641 

514 

116 


45.58 
14.01 
8.03 
5.29 
3.72 
9.32 
3.94 
2.17 
1.41 
3.08 
1.67 
1.04 
.36 
.19 
.15 
.04 


50, 836 

68, 283 

66, 587 

61,917 

56, 178 

221, 749 

162, 142 

126, 662 

106, 110 

361, 666 

391, 925 

539, 333 

423, 833 

443, 104 

1, 022, 415 

1, 430, 599 


0.92 


1-2 


1.23 


2-3 


1.20 


3-4 


1.12 


4-5 


1.01 


5-10 


4.01 


10-15 


2.93 


15-20 


2.29 


20-25 


1.92 


25-50... 


6.54 


50-100 


7.08 


100-250 


9.75 


250-500 


7.66 


500-1,000 


8.01 


1,000-5,000 


18.48 




25.85 






Total.. 


337, 056 
57, 238 


100.00 


5, 533, 339 


100. 00 


Returns showing no income data — inactive corporations 











i Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Re- 
covery Act). 



26 



STATISTICS OF INCOME 



INCOME AND PROFITS TAXES PAID TO FOREIGN COUNTRIES OR POSSESSIONS OF 
THE UNITED STATES REPORTED AS A TAX CREDIT (CORPORATION RETURNS) 

The proportion of the income and profits taxes paid foreign coun- 
tries or possessions of the United States reported for tax credit by- 
domestic corporations for the years 1925 to 1933, inclusive, are 
shown below. These amounts are tax credits and have not been 
deducted from the figures on income tax shown in the tables in this 
report. 

The Revenue Act of 1932 provides that a domestic corporation 
may elect to credit the income and profits taxes paid to foreign coun- 
tries or United States possessions against the income tax liability to 
the United States or to include such taxes in deductions against 
gross income. When used as a credit the amount cannot exceed the 
proportion that the taxpayer's net income from sources without the 
United States bears to the taxpayer's entire net income, but when 
reported in deductions from gross income the total amount of such 
taxes may be used. 

For limitations under the various revenue acts governing the tax 
credit or the deduction from gross income of income and profits 
taxes paid to foreign countries or United States possessions, see 
page 219 in the section of this report entitled "Revenue Acts of 1909 
to 1932 and certain provisions of the National Industrial Recovery 
Act." 

The amounts of the income and profits taxes paid to foreign coun- 
tries or United States possessions which were reported in deductions 
from gross income are not tabulated separately but are included in 
the item "taxes paid other than income taxes." 

Income and profits taxes paid foreign countries reported as a tax credit — Corporation 

returns for 1925 to 1933 



Year: Amount 

1925 $20,139,995 

1926 21,653,994 

1927 24,236,955 

1928 32,487,634 

1929 35,221,708 



Year: Amount 

1930 $29,138,867 

1931 18,975,743 

1932 __ 17, 275, 029 

1933 18,640,265 



DIVIDENDS PAID (CORPORATION RETURNS) 

The amounts of cash and stock dividends paid on the capital 
stock of domestic corporations, as reported in the corporation income 
tax returns for 1933, are, cash dividends $3,127,458,786, and stock 
dividends $102,043,086. These payments represent a reduction from 
1932 of 19.5 percent for cash dividends and of 28.7 percent for stock 
dividends. 

In basic table 12, pages 140 and 141, are shown for 1933 by States, 
the dividend payments reported on returns showing net income and 
no net income; in basic table 13, pages 142 to 153, are shown the divi- 
dend payments for 1933 by major industrial groups and by corpora- 
tions reporting net income and no net income; and in basic table 16, 
pages 166 to 171, the same data are shown for returns by size of total 
assets. Total dividends distributed by corporations for the years 
1922 to 1933, inclusive, are as follows: 



1 Revised. See text, p. 37. 



STATISTICS OF INCOME 
Cash and slock dividends paid by corporations for 1922 to 1933 i 

[Thousands of dollars] 



27 



Year 


Aggregate 


Returns showing net in- 
come 


Returns showing no net 
income 


Cash divi- 
dends 


Stock divi- 
dends 


Cash divi- 
dends 


Stock divi- 
dends 


Cash divi- 
dends 


Stock divi- 
dends 


1922... 


3, 436, 715 
4, 169, 118 

4, 338, 823 
5, 189, 475 
5, 945, 293 
6, 423, 176 
7, 073, 723 
8, 355, 662 
8, 202, 241 
6, 151, 082 
3, 885, 601 
3, 127, 459 


3, 348, 050 
891, 286 
510, 526 
544, 431 
757, 650 
702, 501 
550, 128 

1, 288, 643 
414, 180 
163, 530 
143, 076 
102, 043 


3, 182, 870 
3, 820, 620 
3, 994, 991 
4,817,301 
5,530,211 
5, 785, 476 

6, 585, 169 

7, 841, 802 
6, 841, 050 
3, 871, 880 
2, 320, 386 
2, 385, 889 


3, 166, 916 

787, 167 

466, 820 

502, 490 

716, 219 

642, 178 

509, 853 

1, 193, 896 

250, 499 

77, 887 

89, 955 

80, 450 


253, 845 
348, 498 
343, 832 
372, 173 
415, 082 
637, 701 
488, 554 
513, 860 

1, 361, 191 

2, 279, 203 
1, 565, 215 

741, 570 


181 134 


1923 

1924 


104, 118 
43 706 


1925.. 


41, 942 


1926 _ 

1927 2 

1928 


41, 430 
60, 323 
40, 275 


1929 

1930 


94, 747 
163, 681 


1931 


85,644 
53, 122 


1932... 


1933 


21, 593 







1 Excludes cash and stock dividends paid by life insurance companies for all years prior to 1928. 

2 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 446,842 returns of active 
corporations, classified by corporations submitting and not submitting 
balance sheets. Similar statistics for all active corporations without 
segregation as to corporations submitting and not submitting balance 
sheets by major industrial groups and by returns showing net income 
and no net income, are presented in basic table 13, pages 142 to 153. 

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, cost of other operations, compensation of 
officers, rent paid on business property, interest paid, taxes paid other 
than income tax, bad debts, depreciation, loss from the sale of capital 
assets (real estate, stocks, bonds, etc.), and items not classified grouped 
as "Miscellaneous deductions." The items "Cost of other operations" 
and "Rent paidon business property" which were previously included 
in "Miscellaneous deductions" are shown separately this year. 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. 234.) Salaries and wages which may be allocable 
to item 2 (c) but which were reported elsewhere on the return were 
tabulated as "Miscellaneous deductions." 

Table 13 also shows the compiled net profit (or compiled net deficit), 
statutory net income or deficit, income tax, excess-profits tax and total 
tax, and compiled net profit after deducting total tax. Compiled 
net profit is the excess of compiled receipts over statutory deduc- 
tions, and compiled net deficit is the excess of statutory deductions 



5984—35 3 



28 



STATISTICS OF INCOME 



over compiled receipts. Part 1 of this basic table shows the aggregate 
data for all returns; part 2, for returns showing net income; and part 
3, for returns showing no net income. 

For statement of compiled receipts and statutory deductions for all 
corporations submitting balance sheets distributed by major industrial 
groups and by returns showing net income and no net income, see table 
15, pages 160 to 165, and table 16, pages 166 to 171. 

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 1933, showing number of returns, compiled receipts and 
statutory deductions, net deficit, statutory net income less deficit, income tax, excess- 
profits tax and total tax, and dividends paid, by corporations submitting and not 
submitting balance sheets 

[Money figures in thousands of dollars] 



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 3 

Total compiled receipts 4 

Statutory deductions: 

Cost of goods sold 5 _ 

Cost of other operations .._ 

Compensation of officers 

Rent paid on business property 

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 

Income tax 

Excess-profits tax.. 

Total tax 

Compiled net deficit plus total tax. 

Cash dividends paid 

Stock dividends paid 



All returns 



Total 



57, 777, 469 

18, 982, 492 

2, 785, 620 

1, 650, 145 

262, 464 

1, 158, 521 

1, 025, 709 
591, 586 



84, 234, 006 



625, 788 
419, 872 
994, 961 
421, 778 
510, 996 
123, 795 
249, 107 
495, 842 
246, 439 
685, 858 
389, 643 



85, 164, 079 
2, 



930. 073 
547, 367 
416, 093 
6,976 
423, 068 
353, 141 
127. 459 
102, 043 



Corpora- 
tions sub- 
mitting bal- 
ance sheets 



56, 960, 542 

17, 990, 792 

2, 713, 164 

1, 556, 135 

253, 229 

1, 130, 402 

962, 476 
581, 592 



82, 148, 332 



42, 981, 225 
8, 988, ,22 
1, 928, 196 
1, 376, 278 
3, 375, 337 
2, 043, 617 
1,213,248 
3, 422, 557 
243, 362 
1,488,091 

15, 726, 999 



82, 787, 333 



639, 001 

2, 183, 069 

409, 760 

6,886 

416, 647 

1.055,647 

3, 091, 230 

90, 214 



Corpora- 
tions not 
submitting 

balance 

sheets 



58, 278- 



816, 927 

991, 699 

72, 457 

94, 010 

9,235 

28, 119 

63, 233 
9,994 



?, 085, 674 



644. 562 

431,450 

66, 764 

45, 500 

135, 659 

80, 178 

35, 859 

73, 285 

3,077 

197. 767 

662, 644 



2, 376, 746 



291, 072 

364, 298 

6,332 

89 

6,422 

297, 494 

36,228 

11,829 



1 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. For " Cost of 
other operations" see Statutory 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. 

4 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 divi- 
dends on stock of domestic corporations as reported in Schedule L of the return. 

* "Cost of goods sold" and "Taxes paid other than income tax" are in process of revision. (See text, 
p. 29.) 



STATISTICS OF INCOME 29 

REVISION OF AMOUNT OF TAXES PAID OTHER THAN INCOME TAX AND COST OF 
GOODS SOLD (CORPORATION RETURNS) 

The taxes paid other than the Federal income tax and the cost of 
goods sold, as tabulated in this report for 1933, are not fully com- 
parable with similar data for previous years. This is due to the fact 
that, in some instances, the information for taxes paid was tabulated 
in cost of goods sold. A revision is now in process, whereby the cost 
of goods sold will be decreased by the amount of such taxes included 
therein, and the taxes paid other than the income tax will be increased 
by a like amount. A footnote appears in all tables on cost of goods 
sold and taxes paid other than income tax to indicate that a revision 
is being made. The figures when revised may be secured from the 
Bureau of Internal Revenue upon request. 

ASSETS AND LIABILITIES (CORPORATION RETURNS) 

In the table on pages 30 and 31 is shown, for 388,564 corporation 
returns out of 446,842 returns of active corporations, a summary state- 
ment of the principal assets and liabilities as of December 31, 1933, 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 
represents returns of active corporations that did not submit balance 
sheets or for which data were of fragmentary nature. In basic table 
15, pages 160 to 161, 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 compar- 
ability of asset and liability data over a period of years: Prior to 1929, 
"Investments other than tax-exempt" were not segregated from 
"Miscellaneous assets not distributed." Prior to 1930, stocks, bonds 
other than tax-exempt, loans, mortgages, etc., owned by life insur- 
ance companies were classified as "Miscellaneous assets not distrib- 
uted" and beginning with 1930 as "Investments other than tax- 
exempt." Moreover, the returns of corporations become more 
complete each year with respect to the definite allocation of their 
forms of assets, 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 "Liabilities" in the 
amounts reported as "Common stock" and "Preferred stock" due to 
variations in reporting these data. For balance sheets in which 
common and preferred stock are not reported separately, the combined 
amount is tabulated as "Common stock." For balance sheets with 
no par stock but not reporting capital stock value, the net worth is 
tabulated under "Surplus and undivided profits." 



30 



STATISTICS OF INCOME 



Items not otherwise distributed are classified as "Miscellaneous 
assets " and" Miscellaneous liabilities," among which are the following: 

Miscellaneous assets. — Copyrights; formulas; good will; patents; 
trade marks; sinking funds; other funds; deferred charges; organiza- 
tion expenses; prepaid and suspense items; interest, discount, cou- 
pons, and dividends receivable; guaranty deposits, and deposits on 
contracts, meters, and leaseholds; cash value of life insurance. Mis- 
cellaneous assets of life insurance companies include market value of 
real estate and bonds in excess of book value; interest, rents, and 
premiums due; agents' balances. 

Miscellaneous liabilities. — All reserves other than surplus and re- 
serves for depletion, depreciation, and bad debts; deferred and sus- 
pense items; funds held in trust; borrowed securities; discount and 
dividends payable; outstanding coupons and certificates; overdrafts. 
Miscellaneous liabilities of life insurance companies include the net 
value of outstanding policies and securities and borrowed money. 
Miscellaneous liabilities of banks include deposits (time, saving, 
demand, etc.) and bank notes in circulation. 

Assets and liabilities of corporations submitting balance sheets for 1933, by returns 
with net income and no net income, showing major items of assets and liabilities 
as of Dec. 31, 1933, or at the close of the fiscal year nearest thereto 



[Thousands of dollars] 



Assets and liabilities 



Aggregate 



Assets: 

Cash (in till and deposits in banks) 

Notes receivable and accounts receivable (less reserve for bad 
debts) 

Inventory --- 

Tax-exempt investments — Obligations of States and Terri- 
tories 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, mort- 
gages, loans, real estate, etc 

Capital assets— Land, buildings, equipment, etc., including 
depletable assets (less reserve for depreciation and de- 
pletion) _ 

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.. 



35, 835, 403 
13, 597, 328 



13, 570, 752 
70, 473, 850 



104, 958, 353 
14, 534, 682 



268, 206, 457 



19,361,518 
45, 882, 526 
75, 384, 400 

18, 393, 841 
74, 087, 860 



92,481,702 



44, 792, 204 
9, 695, 892 

35, 096, 312 



268, 206, 457 



Returns 

showing net 

income 



4, 647, 302 



10, 162, 909 
7, 247, 659 



3, 732, 452 
23, 404, 983 



36, 176, 535 
4, 755, 841 



90,127,680 



6, 845, 663 
12, 130, 713 
17, 056, 172 

7, 382, 817 
29, 356, 128 



36, 738, 946 



18, 046, 351 
690, 200 



17,356,152 



Returns 
showing no 
net income 



10, 588, 787 



25, 672, 494 
6, 349, 670 



9, 838, 300 
47, 068, 867 



68,781,818 
9, 778, 841 



12,515,855 
33,751,778 
5S, 328, 228 

11,011,024 
44, 731, 732 



55, 742, 756 



26, 745, 852 
9, 005, 693 



90, 127, 680 



17, 740, 160 



178, 078, 777 



STATISTICS OF INCOME 



31 



Number of corporation returns filed for 1933 and number of balance sheets tabulated 
by net income and deficit classes 



Net income and deficit classes 
(Thousands of dollars) 



Returns showing net income 



Number 
of returns 



Number 

of balance 

sheets 



Percent 
of balance 
sheets to 

returns 



Returns showing no net in- 
come 



Number 
ofreturns 



Number 

of balance 

sheets 



Percent 
of balance 
st eats to 

returns 



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. 



52, 278 

13, 558 

7,481 

4,783 

3,404 

9,143 

4, 324 

2,634 

1,836 

4,245 

2,638 

1.958 

732 

385 

318 

69 



45, 520 

12, 728 

7,152 

4,602 

3,300 

8,895 

4,240 

2,575 

1,803 

4,159 

2,582 

1,914 

709 

384 

309 

69 



87.07 
93.88 
95.60 
96.21 
96.94 
97.29 
98.06 
97.76 
98.20 
97.97 
97.88 
97.75 
96.86 
99.74 
97.17 
100. 00 



153, 615 

47, 221 

27. 048 

17, 828 

12,545 

31,422 

13, 279 

7,322 

4,759 

10, 380 

5,629 

3,515 

1,222 

641 

514 

116 



121,908 

40, 773 

24, 022 

16, 099 

11,447 

29, 074 

12,419 

6,899 

4,474 

9,747 

5,219 

3,236 

1,127 

586 

482 

111 



Total 

Returns with no income data — Inactive 
corporations 



109, 786 



100,941 



91.94 



337, 056 
57, 238 



287, 623 



79.36 
86.35 
88.81 
90.30 
91.25 
92.53 
93.52 
94.22 
94.01 
93.90 
92.72 
92.06 
92.23 
91.42 
93.77 
95.69 



85. 33 



ASSETS AND LIABILITIES, COMPILED RECEIPTS AND STATUTORY DEDUCTIONS 
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 388,564 returns filed by corporations that 
submitted balance sheets. The difference between this number and 
446,842 of active corporations represents returns of active corpora- 
tions that did not submit balance sheets, or for which balance sheet 
data were of a fragmentary nature. In connection with the classifica- 
tion 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. 235) provides, in the reporting of 
assets, that reserves for depreciation and depletion 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 166 to 171, are shown in greater detail the 
principal assets and liabilities as of December 31, 1933, or at the close 
of the fiscal year nearest thereto, and the principal items of compiled 
receipts and statutory deduction. In basic table 17, pages 172 to 189, 
are shown by major industrial groups and total-assets classes selected 
items of assets and liabilities as of December 31, 1933, 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 30, and of compiled receipts and statutory deductions, see page 27. 



32 



STATISTICS OF INCOME 



Returns of corporations submitting balance sheets for 1933 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 

[Money figures and total-assets classes in thousands of dollars] 



Total assets classes 



Number 
of returns 



Total assets- 
Total liabil- 
ities 



Total com- 
piled re- 
ceipts ' 



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. . . 
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.-.. 

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.... 



211, 586 

56, 205 

56, 745 

26, 773 

16, 592 

15, 840 

2,344 

1,885 

594 



388, 564 



3, 875, 533 

4, 006, 568 

8, 991, 762 

9, 420, 746 

11,576,993 

32, 722, 853 

16, 223, 757 

38, 591, 785 

142, 796, 460 



268, 206, 457 



6,809,818 
4, 316, 621 
6, 779, 966 
5, 505, 274 
5, 475, 639 
11,448,495 
4,811,198 
10, 430, 100 
26, 571, 222 



82, 148, 332 



3 376, 603 
3 112,645 
3 188, 336 
3 129, 338 
3 101,317 
3 258, 239 
3 110, 360 
3 67, 869 
705, 707 



3 639, 001 



3 382, 606 
3 134, 837 
3 205, 249 
3 156, 563 
3 145, 345 
3 435, 542 
3 214, 597 
3 357, 276 
3 151, 054 



3 2, 1S3, 069 



Returns showing net income 



47, 397 

16, 693 

17, 256 

8,241 

5,082 

4,676 

742 

654 

200 



100,941 



1, 001, 026 
1, 192, 637 

2, 728, 923 
2, 904, 096 
3, 540, 554 
9, 767, 099 
5, 158, 412 

13, 555, 670 
50, 279, 263 



90, 127, 680 



2, 499, 675 
2, 160, 034 
3, 735, 984 
3, 294, 722 
3, 386, 308 
6, 993, 12? 
2, 788, 808 
6, 058, 051 
15, 351, 251 



46, 267, 956 



65,506 
64, 856 
147, 542 
163, 552 
204, 025 
523, 827 
265, 494 
675, 710 
1, 408, 570 



3,519,081 



63, 606 
63,300 
142, 338 
154, 557 
190, 527 
476, 498 
233, 041 
556, 961 
1, 059, 144 



2, 939, 974 



Returns showing no net income 



164, 189 

39,512 

39, 489 

18, 532 

11,510 

11, 164 

1,602 

1,231 

394 

287, 623 



2, 874, 507 

2, 813, 931 

6, 262, 839 

6, 516, 650 

8, 036, 438 

22, 955, 753 

11,065,345 

25, 036, 115 

92, 517, 197 



178,078,777 



4,310,142 
2, 156, 587 

3, 043, 982 
2, 210, 552 
2, 089, 330 

4, 455, 373 
2, 022, 390 
4, 372, 049 

11,219,971 



35, 880, 376 



3 442, 108 
3 177, 501 
3 335, 878 
» 292, 890 
3 305, 343 
3 782, 066 
3 375, 854 
3 743, 579 
3 702, 864 



3 4, 158, 082 



3 446, 212 
3 198, 137 
3 347, 586 
3 311,120 
3 335, 873 
3 912, 040 
3 447, 639 
3 914, 237 
3 1, 210, 199 



3 5, 123, 043 



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 div- 
idends 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. 

CONSOLIDATED RETURNS (CORPORATION RETURNS) 

There were 7,101 consolidated returns filed for 1933 for affiliated 
corporations, as against 7,426 for 1932. Of the consolidated returns 
for 1933, 1,880 showed net income aggregating $833,394,038. The 
number of consolidated returns filed was about 1.4 percent of all 
corporation returns. However, the net income reported in consol- 
idated returns was 27.9 percent of the net income of all returns showing 
net income, and the tax 28.6 percent of the total tax for all corporations. 

As provided by section 141 (a) and (d) of the Revenue Act of 1932, 
applicable to the taxable year 1933, a consolidated return may be 
filed when one or more chains of corporations are connected through 
stock ownership with a common parent corporation, at least 95 
percent of the stock of each of the corporations (except the common 
parent) being owned directly by one or more of the other corporations, 
and the common parent corporation owning directly at least 95 percent 
of the stock of at least one of the other corporations. 



STATISTICS OF INCOME 



33 



For the taxable year 1933, the tax rate on consolidated corporation 
returns was 14% percent, as provided in section 141 (c) of the Revenue 
Act of 1932. For the taxable year 1934 the rate was increased to 
14% percent by section 218 (c) of the National Industrial Recovery 
Act. For the consolidated returns included in this report the 14% 
percent rate applies to all 1933 returns, and the new increased rate 
appears only on the 1934 fiscal year returns with years ended between 
January 31 and June 30, 1934. On this latter group of returns, the 
tax attributable to the calendar year 1933 is computed at the rate 
of 14% percent, and the tax attributable to the calendar year 1934 is 
computed at the rate of 14% 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 
interpreting 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 
affiliated 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. 

This year, for the first time, the industrial group "Food products 
including beverages" is separated into "Food and kindred products" 
and "Liquors and beverages (alcoholic and nonalcoholic)." 

Consolidated corporation returns for 1933 by major industrial groups, showing total 
number of returns, number with net income and no net income, gross income, net 
income or deficit, and total tax 1 

[Money figures in thousands of dollars] 



Industrial groups 



Agriculture and related industries 

Mining and quarrying 

Manufacturing: 

Food and kindred products 

Liquors and beverages (alcoholic and non- 
alcoholic) 

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 



Returns showing net income 



Total 

number 

of returns 










Number 


Gross 
income 2 


Net 
income 


Total 
tax 3 


106 


17 


86, 466 


7,603 


1,116 


397 


78 


172, 064 


10, 235 


1,489 


308 


132 


3, 158, 307 


71, 402 


10, 372 


53 


26 


115, 775 


17, 299 


2,513 


15 


6 


70, 156 


3,520 


510 


287 


129 


420, 976 


26, 792 


3,860 


75 


39 


133, 162 


8,201 


1,215 


38 


16 


187, 693 


5,521 


796 


195 


40 


85,713 


5,370 


781 


85 


30 


133, 754 


7,998 


1,169 


213 


79 


306, 075 


11,452 


1,662 


298 


129 


2, 629, 173 


100, 716 


14, 599 


102 


22 


151,254 


6,402 


928 


642 


149 


2, 328, 446 


149, 801 


21,717 


144 


44 


174, 825 


20,944 


3,048 


2,455 


841 


9, 895, 312 


435, 419 


63, 171 


169 


25 


27, 691 


358 


52 


639 


155 


2, 622, 636 


255, 540 


37, 059 


1,135 


402 


3, 009, 975 


84, 810 


12, 308 


533 


117 


201, 778 


11,517 


1,687 


1,665 


244 


375, 408 


27, 896 


4,099 


2 


1 


20 


16 


2 


7,101 


1,880 


16, 391, 348 


833, 394 


120, 983 



1 For general explanations, see pp. 1-5. 

2 Gross income corresponds to total income (as reported on face of return) plus cost of goods sold. 

3 Includes excess profits tax (effective June 30, 1933, under provisions of National Industrial Recovery 
Act) aggregating $254,401. 



34 



STATISTICS OF INCOME 



Consolidated corporation returns for 1933 by major industrial groups, showing total 
number of returns, number with net income and no net income, gross income, net 
income or deficit, and total tax — Continued 

[Money figures in thousands of dollars] 



Industrial groups 



Agriculture and related industries 

Mining and quarrying — 

Manufacturing: 

Food and kindred products 

Liquors and beverages (alcoholic and nonalcoholic) 

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 



Returns showing no net income 



Number Gross income 2 Deficit 



89 
319 



176 

27 

9 

158 
36 
22 

155 
55 

134 

169 
80 

493 

100 



1,614 

144 
484 
733 
416 

1,421 
1 



5,221 



40. 055 

988, 777 



638, 046 

15, 153 

15,542 

304, 593 

74, 546 

369, 938 

187, 126 

235, 976 

157, 788 

1,811,827 

72,011 

2, 341, 239 

162, 376 



6, 386, 160 



120, 175 
4,692,517 
1, 620, 297 

550, 404 

900, 105 

7 



15, 298, 496 



4,951 
120, 481 



25, 601 

3,175 

733 

21, 693 

3,723 

6,909 

32, 420 

15, 875 

10, 831 

132,311 

12, 236 

278, 845 

36, 777 



581, 129 



11, 229 
584, 204 

84, 183 
119, 040 

457, 752 
0) 



1, 962, 969 



' Gross income corresponds to total income (as reported on face of return) plus cost of goods sold. 
< Less than $500. 



Consolidated corporation returns for 1933 by net income and deficit classes, showing 
number of returns, net income or deficit, and total tax 

[Money figures and net income and deficit classes in thousands of dollars] 



Net income and deficit classes 


Returns showing net 


income 


Returns showing no 
net income 




Number 


Net income 


Total tax ' 


Number 


Deficit 


Under 1 


168 
93 
83 
64 
45 
187 
99 
83 
53 
210 
214 
227 
131 
94 
103 
26 


68 

135 

208 

219 

203 

1,380 

1.208 

1,415 

1,203 

7.516 

15,112 

36, 217 

45, 969 

64, 131 

225, 582 

432, 829 


10 

19 

30 

31 

30 

201 

175 

206 

174 

1,094 

2,197 

5,269 

6,644 

9,355 

32, 775 

62, 772 


410 
227 
165 
136 
124 
495 
337 
254 
208 
627 
621 
679 
357 
237 
262 
82 


162 


1-2.. 


330 


2-3 


410 


3-4 


478 


4-5 


557 


5-10 ._ 


3,619 


10-15 


4,166 


15-20 


4,370 


20-25 


4,660 


25-50 


22, 347 


50-100... 


45, 190 


100-250 


109, 568 


250-500... 


126, 134 


500-1,000 


163, 467 


1,000-5,000 


548, 450 


5,000 and over 


929, 060 






Total 


1,880 


833, 394 


120,983 


5,221 


1, 962, 969 







1 Includes excess-profits tax (effective June 30, 1933, under provisions of National Industrial Recovery 
Act) aggregating $254,401. 



STATISTICS OF INCOME 



35 



Consolidated corporation returns for 1938, by number of subsidiaries, showing 
number of consolidated returns and total number of subsidiaries 



Number of sub- 
sidiaries 



1_. 
2.. 
3.. 

4.. 
5.. 
6.. 
7_. 
8.. 
9_. 
10 
11 
12 
13 
11 
15 
It! 
17 
18. 
in 
20 
21. 
22 
23 
24 

25 

26 
27. 
28 
29. 
30. 
31. 



Num- 
ber of 


Total 
number 


soli- 


of sub- 
sidi- 


returns 


aries 


3,638 


3,638 


1,199 


2,398 


608 


1,824 


360 


1,440 


260 


1,300 


154 


924 


128 


896 


93 


744 


80 


720 


50 


500 


53 


583 


51 


612 


36 


468 


39 


546 


28 


420 


26 


416 


26 


442 


20 


360 


12 


228 


16 


320 


12 


252 


t 


154 


9 


207 


6 


144 


8 


200 


9 


234 


6 


162 


3 


84 


11 


319 


8 


240 


10 


310 



Number of sub- 
sidiaries 



32 
33 
34 
35 
36 
37 
38 
39 
41 
11' 
43 
44. 
45 
46 
is 
49 
fill 
51 
52 
53. 
54 
55 
56 
57 
58 
■■,'. i 
60 
63 
67. 
68 
71. 



Num- 
ber of 


Total 
number 


soli- 
dated 


of sub- 
sidi-. 


returns 




7 


224 


2 


66 


3 


102 


3 


105 


1 


36 


5 


185 


6 


228 


4 


156 


4 


164 


4 


168 


5 


215 


5 


220 


3 


135 


3 


138 


1 


48 


2 


98 


2 


100 


3 


153 


2 


104 


1 


53 


2 


108 


2 


110 


1 


56 


2 


114 


2 


116 


2 


118 


2 


120 


2 


126 


1 


67 


1 


68 


2 


142 



Number of sub- 
sidiaries 



73 

74 

75. 

76 

79- 

81 

91 

94 .. 

95 

101 

103 

110 

116 

120 

122 

130 

154 

178 

182 

200 

222 .. 

223 

254 

272 

Number of sub 
sidiaries not 
reported — es- 
timated av- 
erage 3 

Total.. - 



Num- 
ber of 
con- 
soli- 
dated 
returns 



7,101 



Total 
number 
of sub- 
sidi- 
aries 



73 

74 
75 
76 
79 
162 
182 
94 
190 
101 
206 
110 
116 
120 
122 
130 
154 
178 
182 
200 
222 
223 
254 
272 



66 



28,589 



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 with year ending within 
the period July 1, 1933, to June 30, 1934, 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 1933, 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, and total tax 

[Money figures in thousands of dollars] 



Fiscal year ended— 



July 1933 

August 1933 

September 1933. 
October 1933... 
November 1933. 
January 1934... 
February 1934. . 

March 1934 

April 1934 

May 1934 

June 1934 



Total. 



Total 
number 
of returns 



Returns showing net income 



Number 



881 
884 
1,048 
1,076 
1,297 
1,991 
1,044 
1,624 
1,510 
1,808 
3, 865 



17, 0-8 



Net 
income 



16,245 
29, 138 
29, 945 
29, 640 
43, 329 
55, 578 
63.817 
32,416 
30, 984 
40, 231 
107,470 



478, 793 



Total 
tax i 



2,159 
4,010 
-'. Ill 
4,091 
5, 954 
7,887 
9,082 
4,624 
4,449 
5, 848 
15, 474 



e;7, 689 



Returns showing no 
net income 



Number Deficit 



2,681 
2,643 
3.113 
2,821 
2,554 
4, 112 
2, 679 
3,429 
3,187 
3,247 
6,389 



36, 855 



31, 091 

38, 576 

52, 741 
60, 512 
53,606 

53, 339 
19,960 
51. 879 
35, 876 
35, 763 
74, 586 



507, 930 



1 Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery 

Act) 



36 



STATISTICS OF INCOME 



Corporation fiscal year returns for 1933, by net income and deficit classes, showing 
number of returns, net income or deficit, and total tax 

[Money figures and net income and deficit classes in thousands of dollars] 





Returns showing net income 


Returns showing 
no net income 


Net income and deficit classes 


Number 


Net 
income 


Total 
tax ' 


Number 


Deficit 




6,416 

2,230 

1,327 

856 

579 

1,692 

830 

546 

372 

911 

561 

442 

139 

70 

48 

9 


2,257 

3,205 

3,267 

2,956 

2,579 

12,051 

10, 190 

9,529 

8,319 

32, 160 

39, 575 

68, 936 

48, 622 

47, 047 

94, 162 

93, 937 


339 

435 

447 

409 

354 

1,672 

1,436 

1,338 

1,178 

4,555 

5,611 

9,779 

6,846 

6,622 

13,405 

13, 263 


14, 930 

5,149 

3,119 

2,062 

1,488 

3,864 

1,781 

999 

617 

1,369 

768 

438 

147 

74 

45 

5 


5,274 


1-2 


7,482 


2-3 .-. - 


7,710 


3-4 


7,175 


4-5 - 


6,681 


5-10 -. - 


27, 403 


10-15 


21, 846 


15-20 


17,211 


20-25 


13, 796 


25-50... 


47, 859 


50-100 . 


53, 497 


100-250 


67, 632 


250-500... . 


50, 708 


500-1,000 


51, 608 


1,000-5,000 


79,920 




42, 126 






Total -. 


17, 028 


478, 793 


67, 689 


36, 855 


507, 930 







1 Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery 
Act). 

PART-YEAR RETURNS (CORPORATION RETURNS) 

The returns filed by corporations showing income for less than 
12 months represent reorganizations, consolidations, disintegrations, 
newly organized businesses, liquidating corporations, and changes 
from calendar-year to fiscal-year basis, or vice versa, and are also 
included in the general corporation income tables in this report. 
The part-year returns in this report represent those in which the 
greater part of the income period was in 1933. 

Corporation part year returns for 1933 

Total number of returns 1, 778 

Returns showing net income: 

Number 595 

Net income $14, 722, 494 

Total tax $2,071, 108 

Income tax $2, 046, 819 

Excess-profits tax $24, 289 

Returns showing no net income: 

Number ' 1, 183 

Deficit $31,034, 686 

REVISED ITEMS IN TABLES, STATISTICS OF INCOME FOR 1930, 1931, AND 1932 
(CORPORATION RETURNS) 

Revisions of items which appeared in certain basic and text tables 
for corporations, published in Statistics of Income for 1930, 1931, 
and 1932, are listed below. For previous revisions relating to cor- 
poration returns in the Statistics of Income for 1930, which have 
already been printed, see Statistics of Income for 1931, pages 32 
and 33. 



STATISTICS OF INCOME 37 

For the Statistics of Income for 1930, for returns showing no net 
income in the "Trade" group, the items "Interest on Federal, State, 
and municipal bonds" and "Total compiled receipts" are reduced by 
$10,000,000 and "Compiled deficit" is increased by that amount. 
For returns in the "Mining and quarrying" group in the deficit class 
of $5,000,000 and over, $200,000,000 is added to the "Surplus" and 
subtracted from "Miscellaneous liabilities not distributed." 

For the Statistics of Income for 1931, a revision of $1,000,000,000 
is made in the tabulation of two items of "Assets "for returns with 
no net income in the "Chemicals and allied products" group. The 
sum of $1,000,000,000 is added to "Investments other than tax- 
exempt" and subtracted from "Capital assets — lands, buildings, 
equipment (less depreciation)." Also a revision of $99,696,000 is 
made in the tabulation of two items of "Liabilities" for returns with 
net income in the "Transportation and other public utilities" group. 
"Miscellaneous liabilities" are decreased by $99,696,000 and "Capital 
stock, preferred" and "Total capital stock" are increased by that 
amount. 

For the Statistics of Income for 1932, revisions are made in the 
"Net loss for prior year" and the "Income tax "for one corporation 
return submitting balance sheets, in the industrial group "Professional 
service — curative, education, engineering, legal, etc." in Wisconsin. 
These changes occur in the net income class $100,000 to $250,000 and 
in total assets class $500,000 to $1,000,000. The "Net loss for prior 
year" is reduced by $401,610 and the "Income tax" is reduced by 
$458,452. Also the "Income and profits taxes paid foreign countries " 
for 1932 is reduced by $72,172, due to an error in the tabulation of this 
one corporation return in the "Service" group. 

Revisions affecting the Statistics of Income for 1932 are made in 
the items "Gross sales," "Gross profits from other operations," "Cost 
of goods sold," and "Miscellaneous deductions" for corporation re- 
turns with net income, in the industrial group "Tobacco products." 
In the total assets class $10,000,000 to $50,000,000 "Gross sales" 
are augmented by $8,632,835 and "Gross profits from other opera- 
tions" are decreased by $8,632,835. The sum of $6,152,523 is added 
to "Cost of goods sold" and the "Miscellaneous deductions" are 
reduced by a similar amount. In the total assets class $50,000,000 
and over, $186,285,131 is added to "Gross sales" and deducted from 
"Gross profits from other operations" and $126,877,627 is added to 
"Cost of goods sold" and subtracted from "Miscellaneous deduc- 
tions." 

Further revisions for the Statistics of Income for 1932 are in 
"Bonded debt and mortgages" and "Miscellaneous liabilities" in the 
industrial group "Finance — banking, insurance, real estate, stock 
and bond brokers, etc." for returns with no net income and with total 
assets of $50,000,000 and over. The amount of $88,600,000 is sub- 
tracted from "Bonded debt and mortgages" and a like sum is added 
to "Miscellaneous liabilities." 



38 



STATISTICS OF INCOME 



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 
individual returns the number, net income, and tax % net income 
classes and the sources of income and deductions, and for corporation 
returns the number, net income, deficit, and tax; also the distribution 
of corporation returns by net income and deficit classes for the years 
1930 to 1933, and for corporations submitting balance sheets the 
major items of assets and liabilities for the years 1926 to 1933, is 
shown in the following tables. 

Individual returns by States and Territories for the years 1923 to 
1933, showing number, net income, and tax are tabulated as a section 
of basic table 9, pages 88 to 137. 

Corporation returns distributed by States and Territories for the 
years 1924 to 1933 for corporations reporting net income and no net 
income, by number, gross income, net income, deficit, and tax; also 
number of returns for inactive corporations are shown in basic table 
19, pages 195 to 205. Similar data are shown by major industrial 
groups for the years 1924 to 1933 in basic table 18, pages 190 to 194. 

Individual returns for 1913 to 1933, showing number of returns, net income, tax 
before tax credits, tax credits, and tax x 

[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, 723, 558 










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 
1, 747, 740 


74, 066 
765, 656 
1, 032, 251 
1,101,579 
1, 741, 634 
3,072,191 
3, 105, 232 
3, 428, 200 
2, 880, 090 
1, 669, 885 
1, 667, 102 
1, 660, 603 
1, 547, 788 
1, 586, 278 
1, 669, 864 
1,700,378 
1, 941, 335 
1,975,818 


83 
78 
77 
79 
76 
54 
54 
55 
61 
60 
60 
59 
61 
61 
55 
47 
50 
47 


17 
22 
23 
21 
24 
46 
46 
45 
39 
40 
40 
41 
39 
39 
45 
53 
50 
53 


6, 298, 578 


1917 


13, 652, 383 


1918 


15, 924, 639 


1919 . - 


19, 859, 491 


1920 


23, 735, 629 


1921 . 


19,577,213 


1922 


21,336,213 


1923 


24, 777, 466 


1924 . 


25, 656, 153 


1925 


21, 894, 576 


192<i 

1927 


21, 958, 506 
22, 545, 091 


1928 . 


25, 226, 327 


1929... 

1930 

1931 


24, 800, 736 
18,118,635 
13, 604, 996 


1932.. __ 

1933 


11, 655, 757 
11,008,638 







i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
individuals are summarized on pp. 210-217. 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 annu il 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. 



STATISTICS OF INCOME 



39 



Individual returns for 1913 to 1938, showing number of returns, net income, tax 
before tax credits, tax credits, and tax — Continued 

[Money figures in thousands of dollars] 





Tax before tax credits 


Tax credits 




Year 


Normal 
tax 


Surtax 


Tax on 
capital 
net gain, 
12^ per- 
cent 


Total 


25 per- 
cent of 
tax on 
earned 
net in- 
come 


12H 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 
150, 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 
164, 277 


15, 525 
24. 487 
43, 948 
121,946 
433, 346 
651. 2S9 
801. 525 
59), 804 
411,327 
474, 581 
464, 918 
437, 541 
432, 853 
448, 330 
511,731 
6S8, 825 
582, 393 
316,816 
186, 078 
239, 232 
244, 307 




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 

425,019 








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 

16, 435 








861,057 


1923 






3 220, 555 
39, 673 
32, 229 
28,969 
30, 943 
39,916 
27, 441 
34, 998 
41, 676 
71,915 
50, 899 


661, 665 


1924. 


30, 637 
24, 570 
24, 647 
24, 915 
34, 790 
22, 062 
24, 886 
17, 491 


9,036 
7,659 
4,322 
6,028 
5, 126 
5,378 
10, 112 
24, 185 
71,915 
50, 899 


704, 265 


1925 


734, 516 


1926 


732, 475 


1927 


830, 639' 


1928.._ 

1929 


1, 164, 254 
1,001,938. 


1930 

1931 

1932 


476,715 
246, 127T 
329, 962' 


1933.-- 




374,. 120* 



2 Includes war excess-profits taxes of $101,249,781 on individuals and of $103,8 

3 25 percent reduction provided for in sec. 1200 (a) of Eevenue Act of 1924. 



7,984 on partnerships. 



Number of individual returns for 1914 to 1933, by net income classes 



Net income classes (thousands 
of dollars) 


1914 


1915 


1916 


1917 


1918 


1919 


1920 


















1-2. _ 








1, 640, 758 

838, 707 

560, 763 

270, 666 

112,502 

30, 391 

12, 439 

3,302 

2,347 

559 

315 

141 


1, 516, 938 

1, 496, 878 

932, 336 

319, 356 

116,569 

28. 542 

9,996 

2,358 

1,514 

382 

178 

67 


1,924,872 

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 

IL'II 


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 

500-1,000 


239 
123 


1,000 and over 


33 


Total 


357.515 


336, 652 


2 429, 401 


3,472.890 I 4,425, 114 


5. 332, 760 


7, 259, 944 



Net income classes (thou- 
sands of dollars) 


1921 


1922 


1923 


1924 


1925 


1926 


1927 




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. 


1-2 


996, 098 


2-3 


855, 762 


3-5 


1,209,345 


5-10 


567, 700 


10-25 


252, 079 


25-50 


60, 123 


50-100 


22, 573 


100-150 


5,261 


150-300 


3, 873- 


300-500 


1,141 


500-1,000 


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 



i Changes in the revenue acts affectine the comparability of statistical data from income-tax returns of 
individuals are summarized on pp. 210-217. 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 making separate returns from 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 

Number of individual returns for 1914 to 1933, by net income classes — Continued 



Net income classes (thousands 
of dollars) 


1928 


1929 


1930 


1931 


1932 


1933 




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, 489, 589 

967, 956 

703, 755 

251,014 

79, 210 

18, 480 

5,902 

995 

595 

140 

86 

20 


397, 676 


1-2 . 


1, 480, 717 


2-3 -- 


914, 198 


3-5 .. 


599, 075 


5-10 


229, 754 


10-25 


75,643 


25-50 - - - - 


18, 423 


50-100 


6,021 


100-150 


1,084 


150-300 


695 


300-500 - 


141 


500-1,000 


81 


1,000 and over 


50 


Total 


4, 070, 851 


4, 044, 327 


3, 707, 509 


3, 225, 924 


3, 877, 430 


3, 723, 558 







Net income in individual returns for 1916 to 1933, by net income classes 1 

[Money figures and net income classes in thousands of dollars] 



Net income classes 


1916 


1917 


1918 


1919 


1920 


1921 


1922 














213,850 

3, 620, 762 
5,325,931 

4, 054, 891 
2, 378, 759 
1, 958, 156 

979, 629 
532, 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 
1 14, 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 


5-10 .-..- 

25-50 


2,641,905 
2, 255, 872 
1, 208, 274 


50-100.. 


805, 224 


100-150 


260, 204 


150-300 


206, 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 c 


asses 


1923 


1921 


1925 


1926 


1927 


1928 






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, 219 
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, 363 
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 
310,214 
317,831 
491. 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 


1-2 


1, 526, 832 


2-3 


2, 030, 901 


3-5 


4, 648, 098 


5-10 


4, 232, 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, 108,363 








Total 


24, 777, 4f>6 


25, 656, 153 


21, 894, 576 


21,958,506 


22,515,091 


25, 226, 327 






Net in< 


•ome classes 




1929 


1930 


1931 


1932 


1933 




73, 742 
1, 499, 908 

1, 958, 595 
4, 572, 596 
4,481,576 
4, 025, 233 

2, 174, 458 
1, 616, 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 

351), 905 


106, 622 

1, 399, 430 
1,641,594 
3,515,716 

2, 807, 001 
2, 006, 721 

820, 648 
528, 019 
196, 598 
212,059 
102, 186 
102,311 
166, 0(10 


231, 140 
2, 145, 834 

2. 437, 251 

2, 597, 763 

1,677,039 

1, 100, 398 

62'.l, t\;v.) 

393, 206 

1 19, 896 

lis, 008 

52, 469 

57, 874 

35, 210 


264, 784 


1-2 


2, 093, 292 


2-3 -. 


2, 295, 586 


3-5 - 


2, 207, 458 


5-10- -_ -- 


1, 537, 875 


10-25 - -- 


1, 112,086 


25-50 - 


630, 005 


50-100 


401, 049 


100-150 


129, 159 


150-300 


139, 215 


300-500 


54,570 


500-1,000 


56, 700 




86, 857 










Total.. 


24, 800, 736 


18, 118,635 


13, 604, 996 


11,655.757 


11,008,638 



1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
individuals are summarized on pp. 210-217. Data for returns of net income under $5,000 estimated on basis 
of sample for 191Sto 1927 and 1929; and partly estimated and partly tabulated 1923, 1930, and following years. 



STATISTICS OF INCOME 



41 



Tax in individual returns for 1916 to 1933, by net income classes* 

[Money figures and net income classes in thousands of dollars] 



Net income classes 



1918 



1919 



Under 1 

1-2 

2-3 

3-5 

5-10 

10-25 

25-50 

50-100 

100-150 

150-300 

300-500 

500-1,000 

1,000 and over_ 

Total... 



776 
6,301 
11,637 
11,603 
16, 299 
12,423 
24, 007 
17, 951 
20, 902 
51,487 



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 
147, 429 
95, 680 
136, 156 
79, 165 
69, 834 
88, 885 



24, 696 
28, 258 
75, 915 
91, 538 
164, 833 
154, 946 
186, 358 
118,705 
163, 095 
86, 031 
76, 228 
99, 027 



36, 860 
45, 508 
83, 496 
97, 886 
172, 259 
154, 265 
163,718 
86, 588 
92, 604 
47, 043 
45, 641 
49, 185 



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 



173, 387 



691, 493 



1, 127, 722 



1, 269, 630 1, 075, 054 



719,387 



247 
27, 081 
20, 730 
47, 533 
70, 388 
123, 576 
125, 697 
144, 093 
71, 337 
98, 810 
43, 488 
38, 559 
49, 518 



861, 057 



Net income classes 



Under 1 

1-2 

2-3 

3-5 

5-10 _._. 

10-25 

25-50 

50-100 

100-150 

150-300 

300-500 

500-1,000 

1,000 and over 

Total... 



1923 



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 



661, 666 



1924 



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 



704, 265 



1,704 

3,809 

8,326 

19, 149 

74, 172 

120, 689 

147, 843 

79, 472 

103, 059 

55, 722 

53, 674 

66, 867 



734, 555 



1926 



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 



732, 471 



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 



830, 639 



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 



1, 164, 254 



1929 



17 

553 

1,404 

2,413 

9,551 

59, 893 

113,904 

160, 814 

99, 560 

159, 221 

97, 336 

106, 219 

191, 054 



1, 001, 938 



Net income classes 



Under 1 

1-2 

2-3 

3-5 

5-10 

10-25 

25-50 

50-100 

100-150 

150-300 

300-500 

500-1,000 

1,000 and over 

Total... 



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 



476, 715 



24 

943 

2,466 

3,832 

12, 407 

31, 897 

40, 096 

44,780 

23, 135 

28, 793 

15,411 

15, 457 

26, 886 



246, 127 



103 
12, 254 
9,822 
20, 895 
35, 615 
50, 150 
43, 546 
47, 150 
24, 469 
31,912 
18, 554 
19,016 
16, 476 



329, 962 



1933 



97 
10, 345 
7,710 
18, 397 
35, 077 
54, 977 
52, 355 
57, 491 
30, 369 
40, 412 
17, 910 
21, 221 
27, 759 



374, 120 



i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
individuals are summarized on pp. 210-217. 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 1933, by net 

income classes l 



Net income classes (thou- 


1916 


1917 


1918 


1919 


1920 


1921 


1922 


1923 


1924 


sands of dollars) 


Percent 














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 


5-10 -- 


.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 




30.27 








2.75 


5.06 


7.08 


6.39 


4.53 


3.67 


4.04 


2.67 


2.74 






Net income classes (thou- 


1925 


1926 


1927 


1928 


1929 


1930 


1931 


1932 


1933 


sands 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 

.57 

.40 

.80 

2. 12 

4.32 

6.92 

11.99 

20.41 

27.04 

35.36 

32.86 

46.75 


0.04 


1-2 


.49 


2-3 


.34 


3-5 


.83 


5-10... --- -- 


2.28 


10-25 — 


4.94 


25-50 


8.31 


50-100 - 


14.34 


100-150 . 


23.51 


150-300 


29.03 


300-500-.- - 


32.82 


500-1,000 .- 


37.43 




31.96 








3.35 


3.33 


3.68 


4.62 


4.04 


2.63 


1.81 


2.83 


3.40 







i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
individuals are summarized on pp. 210-217. 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 follow- 
ing years. 



STATISTICS OF INCOME 



43 



Sources of income and deductions, individual returns for 1916 to 1933 l 

[Thousands of dollars] 



Distribution 



Income: 

Salaries, wages, commis- 
sions, fees, etc. 3... 

Business 4 . 

Partnership s._ 

Profit from sale of real es- 
tate, stocks, bonds, etc., 
other than taxed as capi- 
tal net gain from sale of 
assets held more than 2 

years 8 -.- 

Capital net gain from sale 
of assets held more than 

2 years 7 . . 

Rents and royalties, ., — 
Dividends on stock of do- 
mestic corporations 8 ..-- 

Fiduciary 8 ... 

Interest on Government 
obligations not wholly 

exempt from tax 10 --. 

Interest and other in- 
come u „_- _ 



Total income. 

Deductions: 

Contributions 12 _. 
All other 



Total deductions. 
Net income - 



1916 



1, 851, 277 
2, 637, 475 



643, 803 



2, 136, 469 
379, 795 



701, 084 



8, 349, 902 



2, 051, 324 



2, 051, 324 



6, 298, 578 



1917 2 



3, 648, 438 

2,865,413 

775, 087 



318, 171 



684, 343 
2, 848, 842 



936, 715 



12, 077, 009 



245, 080 
640, 683 



885, 763 



11,191,246 



1918 



8, 267, 392 
3, 124, 355 
1,214,914 



291, 186 



975, 680 
2, 468, 749 



1, 403, 486 



17, 745, 761 



1,821,122 



1,821,122 



15, 924, 639 



1919 



10, 755, 693 
3, 877, 550 
1,831,430 



999, 364 



1,019,094 
2, 453, 775 



63, 377 
1, 437, 402 



22, 437, 686 



2, 578, 194 



2, 578, 194 



19, 859, 491 



1920 



15, 270, 373 
3, 205, 555 
1, 701, 229 



1, 020, 543 



1,047,424 
2, 735, 846 



61, 550 
1,647,750 



26, 690, 270 



387, 290 
2, 567, 351 



2, 954, 641 



23, 735, 629 



1921 



13, 813, 169 
2, 366, 319 
1,341,186 



462, 859 



1,177,958 
2, 476, 952 



46, 994 
1, 643, 344 



23, 328, 782 



3, 751, 569 



3, 751, 569 



19, 577, 213 



Distribution 


1922 


1923 13 


1924 


1925 


1926 


1927 


Income: 

Salaries, wages, commis- 


13, 693, 993 
2, 839, 771 
1, 427, 127 

742, 104 

249, 248 
1, 224, 929 

2, 664, 219 
257, 928 

33, 989 
} 1,738,601 


14, 195, 356 
4, 722, 766 
1,676,409 

863, 107 

305, 394 
1,814,126 

3, 119,829 
329, 124 

43,711 

2, 177, 771 


13,617,663 
4, 755, 483 
1,810,014 

1, 124, 566 

389, 148 
2, 009, 716 

3, 250, 914 
310, 144 

29, 645 
2, 281, 703 


9, 742, 160 
3, 688, 804 
1,827,025 

1,991,659 

940, 569 
1, 471, 332 

3, 464, 625 
305, 806 

25, 651 
1, 814, 402 


9,994,315 
3, 572, 895 
1, 732, 581 

1, 465, 625 

912,917 
1, 450, 760 

4,011,590 
333, 365 

36, 782 
1,936,604 


10, 218, 450 
3, 287, 421 




1, 755, 145 


Profit from sale of real es- 
tate, stocks, bonds, etc. 
other than taxed as capi- 
tal net gain from sale of 
assets held more than 2 


1, 813, 396 


Capital net gain from sale 
of assets held more than 

2 years 7 __ — - 

Rents and royalties. .. 

Dividends on stock of do- 
mestic corporations s . . - - 

Interest on Government 
obligations not wholly 
exempt from tax 10 --. 

Other taxable interest "--- 


1, 081, 186 
1, 302, 276 

4, 254, 829 
421. 481 

47, 479 
/ 1,675,916 
\ 350, 981 








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 










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 




2, 927, 886 






Total deductions. 


3, 535, 696 


4, 470, 127 


3, 922, 843 


3, 377, 458 


3, 488, 930 


3, 663, 470 




21,336,213 


24, 777, 466 


25, 656, 153 


21, 894, 576 


21, 958, 506 


22, 545, 091 







For footnotes, see p. 46. 
5984—35 4 



44 



STATISTICS OF INCOME 



Sources of income and deductions, individual returns for 1916 to 1933 — Continued 

[Thousands of dollars] 



Distribution 


1928 


1929 


1930 


1931 


1932 


1933 


Income: 

Salaries, wages, commis- 


10, 862, 331 

3, 243, 955 

1, 929, 520 

2, 928, 142 

1, 879, 780 
1, 164, 518 

4, 350, 979 
443, 998 

40, 553 

1,841,818 

302, 040 


11,198,979 

3, 378, 984 
1, 853, 142 

2, 337, 857 

2, 346, 704 
1, 286, 072 

4, 786, 028 
508, 479 

40, 184 

1, 912, 866 

297, 656 


9,921,952 
2, 628, 057 
1, 089, 646 

636, 738 

556, 392 
974, 325 

4, 197, 304 
429, 459 

38, 134 

1, 608, 434 

332, 004 


8, 325, 162 

1, 889, 759 
729, 523 

301, 664 

169, 949 
770, 764 

3,113,86.1 
369, 140 

25, 325 

1, 337, 606 

235, 696 


8, 136, 717 

1, 294, 952 

482, 863 

112,814 

50, 074 
529, 989 

1, 972, 133 
310, 949 

29, 188 

1, 141, 799 

330, 602 


7, 390, 356 




1, 402, 923 




603, 725 


Profit from sale of real 
estate, stocks, bonds, 
etc., other than taxed 
as capital net gain from 
sale of assets held more 


419, 591 


Capital net gain from sale 
of assets held more than 


133, 616 


Rents and royalties 

Dividends on stock of 
domestic corporations «.. 


447,883 

1, 559, 046 
276, 067 


Interest on Government 
obligations not wholly 

exempt from tax 10 

Other taxable interest ll .__ 
Other income » 


31, 689 
961,732 
167, 197 




28, 987, 634 


29, 946, 952 


22, 412, 446 


17, 268, 451 


14, 392, 080 


13, 393, 825 






Deductions: 

Net loss from sale of real 
estate, stocks, bonds, 
etc., other than reported 
for tax credit on capital 
net loss from sale of as- 
sets held more than 2 
years li 

Net loss from business 15 _ . 


171, 743 
} 


995, 944 


1, 232, 776 
172, 538 


1, 160, 765 
134, 685 


375, 445 
112,659 


365, 782 
/ 61,985 
\ 30, 435 
f 507, 520 
\ 506, 258 


Net loss from partnership I5 
Interest paid 16 


J 

) 






/ 

532, 886 
3, 056, 679 


528,885 
3, 621, 388 


424, 771 
2, 463, 726 


328, 300 
2, 039, 705 


304, 009 
1, 944, 209 




252, 251 




660, 956 






Total deductions 


3, 761, 308 


5, 146, 217 


4,293,811 


3, 663, 455 


2, 736, 323 


2, 385, 187 




25, 226, 327 


24, 800, 736 


18,118,635 


13, 604, 996 


11,655,757 


11,008,638 









Sources of income and deductions, individual returns for 1916 to 1933, of net income 

of $5,000 and over » 

[Money figures in thousands of dollars] 



Distribution 


1916 " 


1917 


1918 


1919 


1920 


1921 




272, 252 


432, 662 


478, 962 


657, 659 


681, 562 


525, 606 






Income: 

Salaries, wages, commissions, 


1, 398, 329 
2, 386, 905 


1, 794, 790 

1, 062, 772 

581, 708 

217, 929 


2, 103, 819 

1, 148, 297 

913, 853 

187, 406 


2, 948, 006 
1, 743, 800 
1, 426, 072 

677, 284 


3,367,516 
1, 398, 069 
1, 261, 899 

623, 993 


2, 831, 520 




816, 040 




903, 571 


Profit from sale of real estate, 
stocks, bonds, etc., other 
than taxed as capital net 
gain from sale of assets held 




254, 456 


Capital net gain from sale of 
assets held more than 2 








516, 742 

2, 098, 428 
365, 326 


340, 868 
2, 648, 155 


386, 474 
2, 133, 209 


445, 701 
2, 128, 291 


451, 878 
2, 363, 880 


420, 932 


Dividends on stock of domer- 


1,915, 138 






Interest on Government obli- 
gations not wholly exempt 






62, 571 

876, 687 


60, 432 

847, 894 


40, 281 


Interest and other income ".-. 


627, 943 


822, 480 


799, 186 


732, 697 




7, 393, 672 


7, 468, 702 


7, 672, 243 


10,308,411 


10, 375, 561 


7, 914, 635 




Deductions: 




186, 907 
271,391 












1.719,764 


1,142,003 


1, 598, 583 


1,914,150 


1, 552, 857 








1,719,764 


458, 297 


1, 142, 003 


1, 598, 583 


1,914,150 


1, 552, 857 






Net income . 


5, 673, 909 


7.010,404 


6. 530, 241 


8. 709. 828 


8.461,412 


6,361,778 



For footnotes, see p. 46. 



STATISTICS OF INCOME 



45 



Sources of income and deductions, individual returns for 1916 to 1933, of net income 

of $5,000 and over l 

[Money figures in thousands of dollars] 



Distribution 


1922 


1923 is 


1924 1925 


1926 


1927 




594,211 

2, 933, 454 

1, 012, 440 

918, 183 

490, 794 

249, 248 
482, 189 

2, 173, 499 
197, 189 

30, 962 
] 850, 935 


625, 897 

3, 166, 967 

1,069,740 

928, 690 

462, 489 

305, 394 
501, 489 

2, 442, 635 
236, 665 

30, 695 
870, 996 


697, 138 830. 670 


894, 868 

4, 363, 395 
1, 738, 523 
1, 329, 786 

1, 224, 278 

912,918 
689, 981 

3, 581, 362 
273, 252 

36, 782 
1, 217, 681 


913, 597 

4, 524 276 


Income: 

Salaries, wages, commis- 


3, 490, 916 

1, 290, 722 
1,112,710 

770, 026 

389, 148 
570, 427 

2, 617, 871 
206, 972 

29,645 
932, 324 


4,033,811 
1, 623, 638 
1, 422, 799 

1,723,438 

940, 569 
679, 569 

3, 045, 368 
248, 163 

25, 651 
1, 084, 120 




1, 704, 175 
1, 354, 422 

1,511,859 


Partnership 8 

Profit from sale of real 
estate, stocks, bonds, 
etc., other than taxed as 
capital net gain from 
sale of assets held more 


Capital net gain from sale 
of assets held more than 


1, 081, 186 


Rents and royalties 

Dividends on stock of 
domestic corporations 8 _. 


644, 302 

3, 761, 910 
329, 351 


Interest on Government 
obligations not wholly 
exempt from tax I0 

Other taxable interest u ... 


47,479 
f 1,115,925 
\ 185, 099 








9, 338, 893 


10, 015, 759 


11,410,761 


14, 827, 127 


15, 367, 957 


16, 259, 984 






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 










122,409 

326, 511 

1,691,377 


136, 482 




211,863 
1, 323, 007 


240, 792 
1, 401, 047 


254, 072 
1, 405, 532 


293, 401 
1, 756, 030 


353, 188 




1, 706, 122 






Total deductions 


1, 534, 871 


1, 641, 839 


1, 659, 605 


2, 049, 431 


2, 140, 298 


2, 195, 792 




7, 804, 022 


8, 373, 920 


9, 751, 156 


12, 777, 696 


13, 227, 659 


14, 064, 193 







Distribution 


1928 


1929 


1930 


1931 


1932 


1933 




1, 010, 887 


1, 032, 071 


810, 431 


590, 731 


356, 442 


331, 892 






Income: 

Salaries, wages, commis- 


5, 008, 286 
1, 772, 255 

1, 583, 322 

2, 700, 557 

1, 879, 780 
637, 371 

4, 009, 915 
364, 889 

40, 553 

1, 230, 178 

196, 111 


5, 179, 041 
1, 836, 329 
1, 497, 922 

2, 044, 058 

2, 346, 704 
649, 124 

4, 247, 031 
422, 076 

40, 184 

1, 257, 590 

190, 110 


4, 407, 606 

1, 215, 452 

786, 931 

527, 653 

556, 392 
479, 401 

3, 708, 656 
338, 400 

38, 134 

1, 018, 001 

130, 191 


3, 320, 028 
766, 730 
492, 147 

196, 574 

169, 949 
306, 336 

2, 583, 674 
280, 627 

25, 325 
749, 345 
120, 845 


2, 057, 254 
354, 488 
2S4, 624 

71, 643 

50, 074 
160, 244 

1, 540, 625 
217, 610 

29,188 

536, 541 

67, 353 


1, 838, 646 




393, 815 




401, 931 


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 6 


308, 711 


Capital net gain from sale 
of assets held more than 
2 years ' . 


133,616 


Rents and royalties 

Dividends on stock of 

domestic'corporations s . . 

Fiduciary 9 


124, 144 

1, 199, 867 
182, 735 


Interest on Government 
obligations not wholly 
exempt from tax 10 

Other taxable interest n ... 

Other income " . 


31, 689 

422, 731 

69, 656 








19, 423, 216 


19, 710, 168 


13, 206, 817 


9, 011, 581 


5, 369, 646 


5, 107, 539 







For footnotes, see p. 46. 



46 



STATISTICS OF INCOME 



Sources of income and deductions, individual returns for 1916 to 1933, of net income 
of $5,000 and over ' — Continued 

[Money figures in thousands of dollars) 



Distribution 


1928 


1929 


1930 


1931 


1932 


1933 


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 


129, 865 
} 


632, 693 


947, 121 
105, 219 


813, 503 
72, 125 


174, 627 
46, 972 


152, 959. 


Net loss from business IS _ .. 


J 26, 792: 
\ 15, 597 
J 208,311 
\ 200, 078- 


Net loss from partnership 13 _ 
Interest paid 18 


/ 






390, 923 
1, 946, 467 


384, 458 
1, 997, 123 


286, 218 
1, 347, 170 


202, 979 
981, 341 


139,846 
764, 432 




111,219' 




245, 065 






Total deductions 


2, 467, 255 


3, 014, 274 


2, 685, 728 


2, 069, 948 


1, 125, 878 


960, 022' 




16, 955, 961 


16, 695, 895 


10, 521, 088 


6, 941, 633 


4, 243, 768 


4, 147, 517 







Footnotes for tables on pp. 43 to 46. 

' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
individuals are summarized on pp. 210-217. The income items for 1916 are ' ' Gross income, " the deductions 
not having been allocated to the various sources but included in aggregate under ' ' Deductions." Begin- 
ning 1917, deductions allowable against the various sources of income are applied against the gross income 
from the specific sources as reported on the schedules in the income-tax returns and wherever net losses 
are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contaia 
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 tabu- 
lated 192S, 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 1,040,758 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 
business conducted by the individual. Prior to 1924 such wages and salaries were reported either as income 
under ' ' Wages and salaries" or as part of income from ' ' Business." Includes ' ' Professions and vocations '" 
in 1916. 

* See notes 3, 5, and 6. 

5 Certain income from partnership included in other sources (see notes 7, 8, 10, 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, 
10, and 11) and of fiduciaries, as described in note 9). 

8 Profit from sale of real estate, etc., included in " Business" in 1916. 

7 Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation 
beginning 1922. 

8 Includes dividends received by individuals, partnerships, fiduciaries, and personal-service corporations. 
(1918 to 1921, inclusive); includes stock dividends 1916 to 1919, inclusive. 

9 Certain income from fiduciaries included in other sources (see notes 7, 8, 10, 11). In 1917 amount in- 
cluded in " Interest and investment income"; in 1918 to 1921, inclusive, in " Partnerships." 

10 Interest on such obligations held by individuals, partnerships, fiduciaries, and personal-service corpora- 
tions (1919 to 1921, inclusive). In 1917 and 1918 amount included in "Interest and investment income." 

11 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 9. ' ' Other taxable interest " and ' ' Other income " shown separately 1927 to 1933, inclusive.. 

12 Contributions 1916, 1918, 1919, and 1921 tabulated in "Deductions"; contributions 1920 not available for 
returns of net income of $5,000 and over. 

13 According to 1923 Statistics of Income (unrevised). 

14 Included in " All other" deductions in 1917 to 1925, inclusive, 
u Included in " All other" deductions in 1917 to 1929, inclusive. 

16 Included in " All other" deductions in 1916 to 1932, inclusive. 

17 Exclusive of returns of married women making separate returns from husbands. 



STATISTICS OF INCOME 



47 



'Corporation returns for 1909 to 1933, showing total number, number with net income 
and no net income, gross income, net income, deficit, net income less deficit, income 
tax, war-profits and excess-profits tax, and total tax l 

[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. 
1933. 



Number of returns 



Total 



262, 490 
270, 202 
288, 352 
305, 336 
316, 909 
» 299, 445 
s 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 
504. 080 



Showing 
net in- 
come 



3 52, 498 
3 54, 040 
3 55, 129 
3 61, 116 
18S, 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 

109, 786 



Showing 

no net 

income 2 



« 209, 992 
* 216, 162 
« 233, 223 
i 244, 220 
128, 043 
125, 240 
175,532 
134, 269 
119,347 
115, 518 
110,564 
142, 362 
185, 158 
170, 348 
165, 594 
181,032 
177,738 
197, 186 
165, 826 
174, 828 
186, 591 
241,616 
283, 806 
369, 238 
337. 056 



Showing 
no income 

data — In- 
active 

corpora- 
tions 2 



49, 356 
52, 281 
53, 415 

55, 700 

56, 700 
56, 752 
57, 238 



Gross income 



Total 



327,631 
693, 239 
464, 281 
918, 754 
205, 563 
249, 273 
920, 515 
563, 663 
229, 494 
260, 149 
129, 853 
398, 352 
781, 514 
621, 509 
062,059 
515, 239 
083, 738 
642, 421 



Returns 

showing net 

income 



32. 
79, 
79, 
88. 
93, 
60, 
80, 
97, 
97, 
113, 
118, 
115, 
7 127, 
129, 
?89, 
52, 
31, 
46, 



531,097 
540, 005 
706, 659 
261,006 
824, 225 
051, 123 
331, 680 
457, 479 
158, 997 
692, 083 
022, 117 
324, 340 
369, 525 
633, 792 
561, 495 
051,035 
707, 963 
752, 366 



Returns 
showing no 
net income 



2, 796, 534 
5, 153, 234 
6, 757, 622 
11,657,748 
24, 381, 338 
31, 198, 150 
20, 588, 835 
21, 106, 184 
22,070,497 
20, 568, 066 
24, 107, 736 
29,074,012 
7 25,411,989 
30. 987, 717 
46, 500, 564 
55, 464, 204 
49, 375, 775 
36, 890, 055 



Year 



Net income 



Deficit 



Net income 
less 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. 
1933. 



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 
2, 985. 972 



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 

5, 533. 339 



3, 500. 000 
3,761,000 
3, 503, 000 
4, 151, 000 
4,714,000 

3, 940, 000 
5, 310, 000 
8, 109, 005 

10, 100, 752 
7, 671, 739 
8.415,872 
5, 873, 231 
457, 829 

4, 770, 035 

6, 307, 974 

5, 362, 726 
7, 621, 056 

7, 504, 693 

6, 510, 145 

8, 226, 617 
8 739, 758 
1,551.218 

» 3, 287, 545 
« 5, 643, 574 
8 2, 547, 367 



20, 960 

33, 512 

28, 583 

35, 006 

43, 128 

39, 145 

56, 994 

171,805 

503. 698 

653, 198 

743, 536 

636, 508 

366, 444 

775,310 

937, 106 

881, 550 

1, 170, 331 

1,229,797 

1,130,674 

1, 184, 142 

1,193,436 

711,704 

398, 994 

■ 285, 576 

416,093 



1,638,748 

2, 505, 566 

1,431,806 

988, 726 

335, 132 

6 8, 466 



« 6, 976 



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 

937, 106 

881, 550 

1, 170, 331 

1, 229, 797 

1, 130, 674 

1, 184, 142 

1,193,436 

711,704 

398, 994 

7 285, 576 

423, 068 



• Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
corporations are summarized on pp. 218-221; general explanations appear on pp. 1-5 and p. 22. The period 
1909 to 1915 includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes 
shown for 1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown 
in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional 
assessments, etc. ; 1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913 in- 
clude income tax, $32,456,663; excise tax, $10,671,077 (Act of Aug. 5, 1909). 

2 Prior to 1927, returns for inactive corporations showing no income data were included with returns 
showing no net income. 

3 Returns showing net income in excess of $5,000 exemption. 

4 Returns showing net income not in excess of $5,000 exemption or deficit. 

« 1915 contains approximately 32,000 returns related to 1914. (See Annual Report Commissioner of 
Internal Revenue, 1916, p. 26.) 

» On net income earned from July 1 to Dec. 31, 1921, reported on fiscal year returns whose accounting 
period terminated subsequent to July L, 1922. 

7 Revised figures. 

* Deficit in excess of net income. 

' Excess profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery Act) 



48 



STATISTICS OF INCOME 



Corporation returns for 1930 to 1933, by net income and deficit classes, showing 
number of returns, net income, and deficit J 

[Money figures and net income and deficit classes in thousands of dollars] 





1930 


1931 


1932 


1933 


Net income classes 


Number 
of 

returns 


Net in- 
come 


Number 

of 
returns 


Net in- 
come 


Number 

of 
returns 


Net in- 
come 


Number 1 Xet m . 
returns; come 




Returns showing net income 


Under 1 


71, 322 
37, SSI 
32, 798 
14, 732 
8,367 
19, 760 

S. »,o 

5,392 

3,992 

7, 372 

4,905 

3,260 

1,259 

689 

576 

160 


29, 631 

55, 73S 

82, 605 

50, 569 

37,488 

139, 687 

109, 551 

93, 271 

89,664 

262, 844 

341,578 

499. 648 

438,512 

481, S38 

1,177,948 

2, 538, 241 


70, 168 

31,702 

24,312 

9,703 

5,481 

12,813 

5,321 

3,301 

2, 440 

4,450 

2,755 

1,941 

729 

373 

321 

88 


27,836 
46, 328 

60, 782 
33,282 
24,519 
90, 198 
65, 292 
57, 080 
54,847 
157, 445 
192, 198 
296, 252 
252, 021 
265, 232 
647, 197 
1, 412, 858 


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 


13,121 

14,912 

14,081 

11,506 

11, 196 

44,505 

36, 271 

31, 15S 

26, 213 

94,913 

113,643 

176, 676 

150, 686 

165, 567 

464, 892 

783, 775 


52, 27S 

13, 558 

7,481 

4,783 

3,404 

9,143 

4. 324 

2,634 

1,836 

4,245 

2,638 

1,958 

732 

3S5 

318 


16, 350 


1-2 


19, 559 


2-3 


18, 359 


3-4 


16, 574 


4-5.. 


15, 239 


5-10 


65, 189 


10-15. 


52,927 


15-20... 


45, 569 


20-25 


41, 121 


25-50 


149, 596 


50-100 


184, 378 


100-250. 


302, 402 


250-500 


254. 594 


500-1,000 


263, 853 


1,000-5,000 


636. 480 


5,000 and over 


69 903,781 


Total 


221, 420 


6, 428, 813 


175, 898 


3, 683, 368 


82,646 


2, 153, 113 


109, 786 


2, 985, 972 









1930 


1931 


1932 


1933 


Net deficit classes 


Number 
of 

returns 


Net deficit 


Number 

of 
returns 


Net deficit 


Number 

of 
returns 


Net deficit 


Number 

of 
returns 


Net 

deficit 




Returns showing no net income 


Under 1 


67,541 

32, 805 

22, 404 

16, 593 

12,325 

34, 208 

15,658 

8. svj 

5,777 

12, 341 

6.6S0 

4,002 

1,244 

630 

483 

43 


26,344 
4S, 1-40 
55,564 
57, 657 
55, 379 
243, 935 
191, S81 
153, 647 
129,329 
431, 924 
463,450 
612,510 
430, 634 
437, 108 
949, 652 
590, 434 


78, 046 30. 363 


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 


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, 3S5 


153, 615 50. 836 


1-2 . . ... 


38, 373 
26, 027 
19,280 

14. 529 
40,090 
18,464 
10, 613 

6,688 

15, 219 
7,971 
5,167 
1,620 

884 
712 
123 


56, 376 
64,451 
67, 070 
65, 098 
284,961 
226, 091 
1S3, 750 
149, 584 
532, 653 
555, 143 
794. 446 
562, 614 
613, 928 
1,416,923 
1, 367, 460 


47, 221 

27, 048 

17, 82S 

12, 545 

31,422 

13, 279 

7, 322 

4,759 

10, 380 

5,629 

3,515 

1,222 

641 

514 

116 


68,283 


2-3 

3-4 


66, 587 
61,917 




56, 178 


5-10 


221,749 


10-15.. 


162, 142 


15-20. 


126, 662 


20-25 __ 


106, 110 


25-50 


361, 666 


50-100. 


391,925 


100-250. 


539, 333 


250-500 


423,833 


500-1,000 


443,104 


1,000-5,000 


1,022,415 


5,000 and over 


1, 430, 599 


Total. 


241,616 
55,700 


4, 877, 595 


2S3, 806 
56,700 


6,970,913 1 369.238 


7, 796, 6S7 


337, 056 

57, 23S 


5, 533, 339 


Returns showing no 
income data — inac- 




56, 752 















1 Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
corporations are summarized on pp. 218-221; general explanations appear on pp. 1-5 and p. 22. Figures for 
returns snowing net income for 191S and 1920 to 1924, inclusive, and for returns showing net income and no 
net income for 1925 to 1929, inclusive, appear in Statistics of Income for 1930, pp. 49-50. 



STATISTICS OF INCOME 



49 



Corporations submitting balance sheets for 1926 to 19SS, 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 

of returns 

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 
446, 842 


359, 449 
379, 156 
384, 548 
398,815 
403, 173 
381, 088 
392, 021 
3S8, 564 


4 262, 178,684 
287, 542, 317 
307, 218, 377 
335, 777, 910 
334, 001, 852 
296, 497, 029 
280, 082, 923 
268, 206, 457 


16, 801, 532 
16,851,217 
21, 952, 419 
22, 371, 168 
21,012, 135 
15, 880, 250 
15, 917, 202 
15, 236, 089 


23,551,610 
50, 959, 387 
62, 804, 345 
66,810,464 
59, 675, 393 
48, 667, 199 
39, 563, 538 
35, 835, 403 


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 


1933 


13, 597, 328 









Assets — Continued 


Liabilities 


Year 


Tax-exempt 
invest- 
ments 8 


Invest- 
ments other 
than tax- 
exempt — 
Stocks, 
bonds, 
mortgages, 
loans, real 
estate, etc. 6 


Capital as- 
sets—Land, 
buildings, 
equipment, 
etc., includ- 
ing deplet- 
able assets 
(less reserve 
for deprecia- 
tion and 
depletion) 


Miscella- 
neous assets 


Notes and 
accounts 
payable 


Bonded debt 
and mort- 
gages 


Miscellane- 
ous liabili- 
ties 


1926 


8, 694, 433 
9, 780, 521 
10, 116, 160 
10, 338, 364 
10, 228, 229 
10, 667, 192 
11,916,864 
13, 570, 752 




97, 523, 460 
104, 945, 293 
109, 931, 470 
116,446,100 
120, 994, 370 
« 114, 302, 699 
108, 553, 151 
104, 958, 353 


94, 668, 623 
84, 000, 555 
81, 662, 691 
42, 056, 693 
19, 510, 971 
16, 534, 423 
16, 129, 451 
14, 534, 682 


24, 041, 916 
24, 125, 895 
27, 437, 292 
29, 452, 537 
26, 869, 687 
23, 251, 397 
20, 562, 272 
19,361,518 


« 31,801,041 
< 37, 739, 571 
42, 943, 301 
46, 642, 535 
50, 281, 681 
48, 100, 961 
* 47, 221, 814 
45, 882, 526 


* 87, 075, 673 


1927 




* 93, 274, 333 


1928. 




< 93, 950, 013 


1929 


55,844,148 
83, 809, 289 
* 75, 305, 333 
75, 630, 257 
70, 473, 850 


* 99, 313, 619 


1930 


< 95, 568, 370 


1931 


* 81, 782, 085 


1932 


* 78, 730, 319 


1933... 


75, 384, 400 











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, 216, 526 
19, 075, 893 
18, 393, 841 


67, 516, 635 
74, 080, 966 
77, 256, 128 
4 85, 519, 765 
87, 067, 025 
79, 793, 727 
78, 413, 099 
74, 087, 860 


39, 154, 426 
45, 414, 697 
52, 069, 292 
60, 699, 189 
4 61,831,986 
51,976,381 
45, 663, 746 
44, 792, 204 


4, 557, 130 
4, 893, 423 
4, 913, 109 

5, 587, 895 

6, 733, 583 
7, 624, 047 
9, 584, 221 
9, 695, 892 


34, 597, 296 


1927 


40, 521, 274 


1928 


47, 156, 183 


1929 


55, 111, 294 


1930 


* 55, 098, 403 


1931 


44, 352, 334 


1932 


36, 079, 525 


1933 


35,096,312 







1 Excludes returns for inactive corporations. 
J See text, p. 29. 

3 Includes cash in till and deposits in bank. 

4 Revised. For text explaining revisions, see Statistics of Income for 1928, p. 33; Statistics of Income for 
1930, p. 28; Statistics of Income for 1931, p. 32; and Statistics of Income for 1933, pp. 36-37. 

8 Includes obligations of States and Territories or minor political subdividions, securities issued under 
the Federal Farm Loan Act, and obligations of the United States or its possessions. 

6 "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, 1934, 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. 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, between 
September 8, 1916, and February 26, 1926 (the effective dates of the 
Revenue Acts of 1916 and 1926), and subsequent to June 6, 1932 
(the effective date of the Revenue Act of 1932). During the inter- 
vening 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 nonresident 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 estate tax is not an inheritance tax, the distinction being that 
the estate tax is based on an estate in its entirety rather than on the 
distributive shares. The tax is not imposed upon any particular 
legacy, devise, or distributive share, nor has the relationship of the 
beneficiary to the decedent any bearing upon the tax liability. 

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 sub- 
sequent 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 or 1934. 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 



STATISTICS OF INCOME 51 

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 not 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). The 
Revenue Act of 1934 (effective May 10, 1934) increased the rates of 
the additional tax imposed by the Revenue Act of 1932. Under the 
1934 act the rates of the additional estate tax range from 1 percent 
on net estates not in excess of $10,000 to 60 percent on net estates in 
excess of $10,000,000. 

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 suc- 
cession taxes is allowable against the additional estate tax imposed 
by the Revenue Acts of 1932 and 1934. However, under the Revenue 
Acts of 1926, 1932, and 1934, estates are allowed a tax credit for gift 
taxes paid to the Federal Government. 

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 and from returns filed under the combined pro- 
visions of the Revenue Acts of 1926 and 1932 or 1926 and 1934. In 
order to maintain comparability with data for preceding years, tabu- 
lations 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 or 1934 act. 



52 



STATISTICS OF INCOME 



Table 1. — Estate-tax returns of resident decedents by size of net estate under the 

form of property, deductions, 

[Money figures and estate classes 

[Returns filed from 



Number of returns --- --- 

Gross estate: 3 

Real estate - 

Investments in bonds and stocks: 
Federal Government bonds: 

Wholly tax-exempt * -- 

Partially tax-exempt *... 

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) s . 

Miscellaneous • 

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 or 1934 (death after 5 p. m., June 6, 1932) : 

Net estate to which 1926 rates apply ($100,000 

exemption) 

Net estate to which 1932 or 1934 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 7 -. 

Tax (24 less 25) 

Tax, returns filed under provisions of Revenue Acts of 
1926 and 1932 or 1934 (death after 5 p. m., June 6, 1932) : 
Tax under 1926 Act: 

Tax before tax credit 

Tax credit 7 

Tax (27 less 28) 

Additional tax under 1932 or 1934 Act: 

Tentative tax (application of rates in 1932 or 

1934 Act) - 

Tax at 1926 Act rates (that is, before tax credits) 

Additional tax (30 less 31) 

Tax credit 8 - 

Net additional tax (32 less 33) 



Total tax liability (sum of 26, 29, and 
34) 



Total 



10, 353 



378, 510 



65,260 
61, 557 
195, 965 
179, 403 
502, 185 
784, 219 
1, 286, 404 
323, 056 
143, 788 
112,348 



2, 244, 107 



59, 748 

101, 706 

314, 070 

146, 102 

1, 034, 250 

41, 210 



1, 697, 085 



8,061 



874, 651 
1, 142, 472 



251 
153 
97 



43, 442 

33, 769 

9,674 



128, 945 

43, 442 

85, 503 

46 

85, 457 



No net estate un- 
der 1926, 1932, or 
1934 Act 



No net 
estate 
under 
1926 Act 
but tax- 
able 
under 
1932 or 
1934 Act 



Gross estate classes 



Under 50 



95, 228 



7,277 



74 
446 
240 
1,298 
2,057 
4,994 
7,051 
5,082 
5,473 
1,646 



26, 530 



4,176 

1,576 

6,453 

261 

61, 050 



73, 614 



50 and 
over 



1,760 



66,314 



970 
2,934 
2,497 
8,903 
15, 303 
48, 365 
63, 668 
25, 015 
26, 440 
10,728 



192, 165 



11,827 

9,476 

143, 196 

17, 896 
175, 650 

2,790 



360, 834 



(») 



50 and 
over 



4,037 



91,282 



2,312 
12, 287 

7,611 
30, 962 
53, 172 
94, 517 
147, 689 
84, 471 
32, 198 
20,091 



375, 730 



17, 537 
18, 026 
42, 539 
12, 960 
403, 700 

906 



495,667 



80, 344 



1,630 

3 

1,626 



For footnotes, see p. 54-55. 



STATISTICS OF INCOME 



53 



provisions of the Revenue Act of 1926, showing number of returns, gross estate by 
net estate, and tax 1 

in thousands of dollars] 

Jan. 1 to Dec. 31, 1934] 



Net estate classes by size of net estate under the Revenue Act of 1926 2 — 


Taxable under both 








1926 and 1932 


or 1934 Acts 










Under 50 


50 under 


100 under 


200 under 


400 under 


600 under 


800 under 


1,000 under 


u 


100 


200 


400 


600 


800 


1,000 


1,500 


a 

"5 
"u 


1,567 


714 


686 


450 


198 


109 


53 


86 


1 


49,099 


28,397 


30, 498 


35, 679 


16, 002 


12, 774 


5,399 


14,211 


2 


2,621 


2,236 


3,738 


5,650 


4,573 


3,979 


2,303 


8,524 


3 


9,476 


6,623 


7,725 


5,874 


4,220 


3,753 


1,474 


2,463 


4 


7,637 


5,858 


9,438 


12, 826 


10, 401 


14, 743 


6.641 


23,610 


b 


23, 705 


15, 135 


22, 391 


21, 168 


15, 072 


9,825 


5,572 


11, 810 


6 


43. 339 


29, 852 


43, 292 


45, 518 


34, 266 


32, 301 


15,990 


46, 407 


V 


71, 543 


53, 599 


77, 351 


86, 478 


65, 713 


39, 519 


32, 490 


59,319 


8 


114,882 


83,451 


120, 643 


131,996 


99, 979 


71, 820 


48, 480 


105, 726 


9 


48,923 


2S, 048 


36,519 


29,416 


11,942 


11.302 


7,766 


11, 872 


10 


17, 308 


10, 762 


14, 875 


14, 382 


7,309 


5, 108 


1,831 


3,791 


n 


13, 498 


8,010 


12, 015 


8,806 


. 8, 861 


6,319 


3,390 


6,684 


12 


243, 710 


158, 668 


214, 550 


220, 280 


144,094 


107, 322 


66, 866 


142,283 


13 


8,334 


4,255 


5,377 


3,709 


1,694 


1,054 


416 


637 


14 


11, 352 


7,126 


9,733 


9,537 


6,582 


4,559 


2,938 


5,939 


15 


22, 087 


14,966 


16, 826 


22, 576 


10, 990 


8,697 


3,797 


11,999 


16 


6,689 


5,285 


9,157 


7,751 


7,820 


6,472 


633 


8,135 


17 


156, 400 


71, 150 


68, 600 


45, 000 


19, 800 


10,900 


5,300 


8,600 


is 


5,614 


4,583 


5,739 


5,120 


1,691 


676 


6,252 


4,089 


19 


210, 476 


107, 366 


115,431 


93. 693 


48, 579 


32, 359 


19, 336 


39, 400 


20 


782 
32, 452 


1, 192 
50, 109 


1,264 
97,853 


1,149 
125, 437 




719 
74, 245 


868 
46, 662 


2,087 
100, 797 


21 


95, 515 


22 


105, 164 


83, 825 


130, 982 


147, 467 


105, 309 


79, 614 


49, 285 


104,900 


23 


8 
4 
4 

326 


15 

7 
8 

654 


23 
15 

8 

1,921 


32 
21 
11 

3,456 




30 
24 
6 

2,997 


39 


104 
83 
21 

5,417 


24 




25 




39 
2,148 


26 


3,287 


27 


253 


508 


1,494 


2,685 


2,599 


2,248 


1,634 


4,244 


2,S 


73 


146 


426 


771 


688 


749 


514 


1,173 


2'.' 


4,374 


4, 788 


9,267 


12, 787 


10, 575 


9,066 


6,099 


14, 556 


30 


326 


654 


1,921 


3,456 


3,287 


2,997 


2,148 


5,417 


61 


4,049 


4,135 


7.346 


9,330 


7,287 


6,069 


3,951 


9,139 


•i'2 


2 
4,046 


10 
4,125 


(») 
7,346 




1 
7,286 


3(1 
6,039 






aa 


9,330 


3,951 


9,139 


34 


4.123 


4,279 


7,780 


10, 113 


7.975 


6,794 


4,504 


10, 333 


35 



54 



STATISTICS OF INCOME 



Table 1. — Estate-tax returns of resident decedents by size of net estate under the 

form of property, deductions, net 



[Money figures and estate classes 

[Returns filed from 



Number of returns- 



Gross estate: 3 

Real estate 

Investments in bonds and stocks: 
Federal Government bonds: 

Wholly tax-exempt 4 _ 

Partially tax-exempt * 

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) 5 

Miscellaneou" 6 



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 est ite, returns filed under provisions of Revenue Act of 1926 

only (death before 5 p. m., June 6, 1932) 

Net estate, returns, filed under provision of Revenue Acts of 1926 
and 1932 or 1934 (death after 5 p. m., June 6, 1932): 

Net estate to which 1926 rates apply ($100,000 exemption) 

Net estate to which 1932 or 1934 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'.. 

Tax (24 less 25) 

Tax. returns filed under provisions of Revenue Acts of 1926 and 1932 
or 1934 (death after 5 p. m., June 6, 1932): 
Tax under 1926 Act: 

Tax before tax credit 

Tax credit 7 _. 

Tax (27 less 28) 

Additional tax under 1932 or 1934 Act: 

Tentative tax (application of rates in 1932 or 1934 Act) 

Tax at 1926 Act rates (that is, before tax credits) 

Additional tax (30 less 31) 

Tax credit* 

Net additional tax (32 less 33) 



Total tax liability (sum of 26, 29, and 34). 



Net estate classes by size of 
net estate under the Reve- 
nue Act of 1926— Taxable 
under both 1926 and 1932 
or 1934 Acts— Continued 



1,500 
under 
2,000 



7,100 

812 

12, 986 

1,920 

22, 818 

32, 633 

55, 450 

5,542 

1,139 

4,373 



69, 921 



248 
2,639 
3,412 
14, 887 
2,600 

2.045 



25, 831 



44, 091 
45,361 



2,759 

2,207 

553 

7,082 
2,759 
4,323 



4,323 



4,875 



2,000 
under 
2,500 



6,751 



3,163 

1,573 
13, 720 

4,460 
22,916 
27,941 
50, 856 

4,087 
658 

1,618 



63, 951 



100 

3,212 

1,891 

15, 367 

1,900 

153 



22, 623 



41,328 
42, 276 



2,869 
2,293 

576 

7,364 
2,869 
4,495 



4,495 



5,071 



2,500 
under 
3,000 



2,591 



1,893 

107 

6, 033 

483 

8,516 

7,419 

15, 936 

5,869 

1,230 

295 



25, 921 



120 
594 
460 

1,677 
800 



22, 271 
22, 671 



1,718 

1,203 

515 

4, 177 
1,718 
2,459 



2,459 



2,974 



1 The estates of decedents dving subsequent to Mav 10, 1934 (filed under the provisions of the Revenue 
Act of 1934), are tabulated with the estates of decedents dying between June 6, 1932, and May 10, 1934 (filed 
under the Revenue Act of 1932). 

3 Net estate after deduction of specific exemption of $100,000. 

8 The following items are distributed by form of property: Jointly owned property, $5(1,342,670; transfers 
made in contemplation of or intended to take effect at or after death, $64,155,573; general power of appoint- 
ment exercised by will or by deed in contemplation of death, $14,024,907; and property from an estate taxed 
within 5 years, value at date of present decedent, $74,049,065. For statistics from estate-tax returns filed 
during 1927 to 1932, "jointly owned property" only was distributed in this manner. 

4 Securities the interest on which is wholly or partially exempt from the normal income tax and surtax 
of the Federal Government. 



STATISTICS OF INCOME 



55 



provisions of the Revenue Act of 1926, showing number of returns, gross estate by 
estate, and tax 1 — Continued 

in thousands of dollars] 
Jan. 1 to Dec. 31, 1934] 



Net estate classes by size of net estate under the Revenue Act of 1926 2 — Taxable under both 
1926 and 1932 or 1934 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 


- 
a 

OS 

"C 

a 

r. 


5 


12 


5 


1 




3 






2 


1 










2,196 

2,389 

379 

7.419 

454 

10,641 

10,220 

20, 861 

1,691 

236 

1,325 


1, 760 

10, 386 

670 

21, 152 

4,637 

36, 845 

17, 658 

54, 503 

2,749 

247 

414 


1,322 

1,598 
5 
3,089 
1,247 
5,939 
13, 784 
19, 723 
1,504 
518 
3,378 


433 

118 

5 

2, 954 

36 

3,113 

2,086 

5,199 

127 




209 

1,705 

731 

15. 169 

1 

17,606 

19, 726 

37, 332 

289 

282 

390 






2.8E8 
30 


? 








3 








4 








11,941 

325 

12,295 

18, 865 

31,160 

863 

1 

470 


5 








6 








7 








8 








9 








10 








11 


35 








n 










26, 308 


59, 673 


26, 446 


5,793 




38, 502 






35, 393 


13 










71 
1,021 

474 
8,074 

500 


101 
1,980 

667 
9,423 
1,200 

1,223 


60 

1,627 

835 

540 

500 

231 






32 

1,967 

935 

12, 977 

300 








14 


103 

105 








1,719 

1,163 

95 

200 


15 








16 








17 


100 








18 






19 


















10. 140 


14. 595 


3,793 


308 




16,212 






3,177 


20 




























21 


16, 169 
16,419 


45, 079 
45, 666 


22, 652 

22, 900 


5,486 
5,536 




22. 290 
22,410 






32, 216 
32,316 


22 






23 








21 




















25 




















26 


1,333 
1,066 

267 

3,213 
1,333 
1,880 


3,982 
2,923 
1,059 

9,477 
3,982 
5,495 


2,189 

1,751 

438 

5,143 
2,189 
2,954 


576 
461 
115 

1,353 

576 

777 




2,660 
2,079 

5S1 

6,220 
2,660 
3,560 






5,150 
4,120 
1,030 

11,774 
5, 150 
6,624 


27 








28 








29 








30 








31 








32 








33 


1,880 


5,495 


2,954 


777 




3,560 






6,624 


34 










2,147 


6,554 


3,392 


892 




4,141 






7,654 


35 











s For insurance exemption, see "deductions." 

e 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. 

' 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. 

f Credit for gift taxes paid to the Federal Government. 

• Less than $500. 



56 



STATISTICS OF INCOME 



Table 2. — Estate-tax returns of resident decedents, by States and Territories, showing- 
number of returns, gross estate, net estate, and tax l 

[Money figures in thousands of dollars] 

[Returns filed from Jan. 1 to Dec. 31, 1934] 





Num- 
ber of 
returns 


Gross 
estate 


Net est ate 

after 
$100,000 
exemp- 
tion 2 


Tax 


States and Territories 


1926 act 


Addi- 
tional 
tax 1932 
or 1934 
Act 




Tax 

before 

tax 
credit 


Tax 
credit 3 


Tax 


Total 




67 

10 

42 

924 

72 

305 

39 

106 

120 

87 

16 

7 

675 

163 

179 

105 

104 

84 

85 

174 

711 

215 

139 

27 

238 

23 

123 

3 

86 

609 

16 

2,079 

70 

14 

461 

57 

57 

1, 025 

104 

36 

22 

65 

296 

12 

30 

113 

100 

62 

181 

15 


11, 525 
1,404 
6,619 
156, 495 
26, 296 
69, 862 

14, 127 
29, 780 
23, 796 

9, 611 
3, 190 
975 
147,927 
31, 740 
17,995 

15, 830 

15, 328 
22, 306 
19, 509 
31, 406 

142, 217 
69,418 
28, 581 

4,145 
46, 732 

6,246 

16, 345 
890 

14, 198 
140, 428 

2,276 

577, 203 

10,717 

1,497 
91,531 

8,674 

8, 858 
242, 226 
34, 115 

5,182 

2,475 
14, 368 
46. 089 

1, 669 

4,411 
16. 085 
13, 056 

9,050 
26,356 

3,345 


3,346 

81 

1,350 

55, 621 

11, 578 

33, 956 

8,788 

14, 478 

7,166 

1,001 

1,014 

228 

59, 604 

13, 815 

1,884 

4,708 

4,836 

10, 721 

10,131 

10,548 

58,971 

28, 639 

11,070 

S3 2 

15,454 

972 

4, 113 

416 

4,790 

55, 755 

441 

246, 180 

2,117 

59 

32, 763 

2,445 

2,217 

101, 245 

18. 133 

1,209 

451 

5,211 

15, 173 

378 

1,325 

4,229 

3,599 

2,082 

6,916 

670 


80 

1 

36 

2,108 

1,001 

1,606 

446 

817 

249 

17 

26 

4 

2,693 

702 

34 

112 

117 

440 

554 

436 

2,516 

1,850 

458 

16 

533 

24 

182 

10 

220 

2, 347 

8 

13, 423 

42 

1 

1,215 

73 

45 

6,574 

1,149 

21 

7 

206 

783 

9 

29 

113 

102 

45 

202 

13 


62 

l 

28 

1,653 

750 

1,285 

357 

35 

199 

14 

20 

2 

2,032 

561 

27 

89 

94 

339 

440 

345 

2,013 

1,474 

366 

13 

420 

19 

145 

w 

175 

1,841 

6 

10, 707 

33 

(«) 

964 

17 

35 

5,243 

919 

15 

6 

165 

610 

7 

23 

90 

78 

36 

157 

9 


18 

w 

8 

454 

251 

321 

89 

782 

50 

3 

5 

2 

662 

140 

7 

23 

24 

101 

114 

92 

503 

376 

92 

3 

113 

5 

36 

10 

45 

506 

2 

2,716 

8 

W 

251 

56 

10 

1,331 

230 

5 

1 

42 

173 

2 

6 

23 

24 

9 

45 

4 


265 

11 

117 

4,729 

1,505 

3,205 

986 

1,402 

611 

101 

81 

19 

5,365 

1,293 

189 

392 

400 

890 

1.000 

953 

5,350 

3, 136 

1,000 

73 

1,367 

85 

413 

32 

462 

4,994 

38 

24, 505 

173 

10 

2, 866 

220 

184 

11,362 

1,885 

107 

43 

470 

1,539 

33 

112 

367 

301 

171 

585 

58 


283 




11 




125 




5,183 




1,756 




3,527 




1,075 


District of Columbia 


2, 184 
661 




105 




86 




21 




6,026 




1,433 




195 




414 




424 




991 


Maine 


1,114 
1,044 


Massachusetts 

Michigan 

Minnesota.-. 

Mississippi _ 


5,854 
3,512 
1,092 
76 
1,480 




89 


Nebraska 

Nevada 

New Hampshire 


449 

42 

508 

5,501 




39 




27. 222 


North Carolina _. ... 


182 




10 


Ohio 


3,117 




276 




193 




12, 693 




2,115 




112 




44 




512 


Texas.- - -. .- 


1,712 


Utah 


35 




118 




390 




325 


West Virginia 


180 




630 




61 






Total 


10, 353 


2, 244, 107 


882, 712 


43, 693 


33.922 


9,771 


85, 457 


95, 228 







• The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue 
Act of 1934), are tabulated with the estates of decedents dying between June 6, 1932, and May 10, 1934 (filed 
under the provisions of the Revenue Act of 1932). 

2 Includes for returns filed under the 1926 and 1932 or 1934 Acts, the amount of the net estate after de- 
duction of a specific exemption of $100,000. 

3 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. 

< Less than $500. 
s 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 by estates falling under both the Revenue Acts of 1926 
and 1932 or 1934, showing number of returns, net estate, and tax l 

[Money figures and estate classes in thousands of dollars] 

[Returns filed from Jan. 1 to Dec. 31, 1934] 



Net estate classes under provisions of 
Revenue Act of 1926 ($100,000 exemp- 
tion) i 



No net estate 

Net estate: 

Under 50 

60-100 

100-200 

200-400 

400-600 

600-800. 

800-1,000 

1,000-1,500 

1,500-2,000 

2,000-2,500 

2,500-3,000 

3,000-3,500 

3,500-4,000 

4,000-5,000. 

5,000-6,000 

6,000-7,000 

7,000-8,000 

8,000-9,000 

9,000-10,000 

10,000 and over. 

Total 



Grand total 



Number 

of 
returns 



6,409 

1,567 
714 
686 
450 
198 
109 
53 



10, 353 



Net estate 

after 

$100,000 

exemption 



33, 234 
51, 302 
99, 118 

126, 586 
95, 515 
74, 964 
47, 529 

102, 884 
44, 091 
41, 328 
22, 271 
16, 169 
45, 079 
22, 652 
5,486 



22, 290 



32, 216 



882, 712 



Tax (1926 

and 1932 

or 1934 

acts) 



1,626 

4,123 
4,279 
7,780 

10, 112 
7,975 
6,794 
4,504 

10, 334 
4,875 
5,071 
2,974 
2,147 
6,554 
3,392 
892 



4,141 



7,654 



95, 228 



Estates under the Revenue 
Act of 1926 



Number 
of returns 



165 



Net estate 
after 
$100,000 
exemp- 
tion i 



782 
1,192 
1,264 
1,149 



719 

868 
2,087 



8,061 



Tax (1926 
act) 



97 



Net estate classes under provisions of 
Revenue Act of 1926 ($100,000 ex- 
emption) i 



No net estate 

Net estate: 

Under 50 

50-100 

100-200 

200-400 

400-600 

600-800 

800-1,000 

1,000-1,500 

1,500-2,000 

2,000-2,500 

2,500-3,000 

3,000-3,500 

3,500-4,000 

4,000-5,000 

5,000-6,000 

6,000-7,000 

7,000-8,000 

8,000-9,000 

9,000-10,000 

10,000 and over. 

Total 



Estates under both the Revenue Acts of 1926 and 1932 or 1934 



Number 
of returns 



6,315 

1,532 

696 

676 

446 

198 

108 

52 

84 

26 

19 

8 

5 

12 

5 

1 



10, 188 



Net estate 

after 
$100,000 ex- 
emption 2 



32, 452 
50, 109 
97, 853 

125, 437 
95, 515 
74, 245 
46, 662 

100, 797 
44, 091 
41, 328 
22, 271 
16, 169 
45, 079 
22, 652 
5,486 



22, 290 



32, 216 



874, 651 



Net estate 

after 
$50,000 ex- 
emption a 



80, 344 

105, 164 
83, 825 
130, 982 
147, 467 
105, 309 
79, 614 
49, 285 
104, 900 
45, 361 
42, 276 
22, 671 
16, 419 
45, 666 
22,900 
5,536 



22, 440 



32, 316 



1, 142, 472 



Tax (1926 
act) 



73 
146 
426 
771 
688 
749 
514 

1,173 
553 
576 
515 
267 

1,059 
438 
115 



581 



1,030 



9,674 



Addi- 
tional tax 
(1932 or 
1934 act) 



1,626 

4,046 
4,125 
7,346 
9,330 
7,286 
6,039 
3,951 
9,139 
4,323 
4,495 
2,459 
1,880 
5,495 
2,954 
777 



3,560 



6,624 

85, 457 



Tax (1926 
and 1932 or 
1934 acts) 



1,626 

4,119 
4,271 
7,772 

10, 101 
7,975 
6,788 
4,465 

10,313 
4,875 
5,071 
2,974 
2,147 
6,554 
3,392 
892 



4,141 



7,654 



95, 130 



1 The estates of decedents dying subsequent to May 10, 1934 (filed under the provisions of the Revenue 
Act of 1934), are tabulated with the estates of decedents dying between June 6, 1932, and May 10, 1934 (filed 
under the provisions of the Revenue Act of 1932). 

2 Net estate after deduction of specific exemption provided in 1926 act. 

3 Net estate after deduction of specific exemption provided in 1932 act. 



58 



STATISTICS OF INCOME 



Table A.— Historical summary of estate-tax returns filed for resident and nonresident 
decedents, Sept. 9, 1916, to Dec. SI, 1934, showing number of returns, gross and 
net estate, and tax 1 

[Money figures in thousands of dollars] 





Returns filed 


Gross estate 




Total 


Resident 
decedents 


Nonresi- 
dent 
decedents 


Total 


Resident 
decedents 


Nonresi- 
dent 
decedents 


Sept 9 1916-Jan 15, 1922 . 


45, 126 

13, 876 
15, 119 
14,513 
16,019 

14, 567 
10, 700 
10, 236 
10, 343 
10, 382 

9,889 
8, 507 
10, 275 
11,853 


42, 230 

12, 563 

13, 963 
13,011 
14,013 
13, 142 

9,353 
8,079 
8,582 
8,798 
8,333 
7,113 
8, 727 
10, 353 


2,896 
1,313 

1, 156 
1,502 
2,005 
1,425 
1,347 

2, 157 
1,761 
1, 584 
1, 556 
1,394 
1.548 
1,500 


8,893 
3,014 
2,804 
2,567 
3,001 
3, 408 
3,173 
3, 554 
3,893 
4,166 
4.076 
2,830 
2,061 
2, 267 


8,786 
2,956 
2,775 
2,541 
2,958 
3,386 
3, 146 
3, 503 
3,843 
4,109 
4,042 
2,796 
2,027 
2,244 


10S 


Jan 15^-Dec 31, 1922 - .-. 


58 


Jan 1 Dec. 31, 1923 - 


30 


1924 

1925 


26 
43 


1926 


21 


1927 


27 


1928 


51 


1929 


50 


1930 


57 


1931 


33 


1932 


35 


1933 


34 


1934 


23 











Net estate 






Tax 






Total 


Resident 
decedents 


Nonresi- 
dent 
decedents 


Total 


Resident 
decedents 


Nonresi- 
dent 
decedents 


Sept 9 1916-Jan 15, 1922 


5,510 
1,705 
1,532 
1,396 

1, 659 
1,973 
1,762 
1,993 
2,314 
2,427 
2,356 
1,423 
828 
903 


5, 408 
1, 653 
1,505 
1, 372 
1,621 

1, 952 
1,736 
1,943 

2, 268 
2,376 
2, 327 
1, 392 

2 798 
2 883 


102 

52 
27 
23 
38 
21 
26 
49 
46 
50 
29 
32 
30 
20 


357 
121 
89 
72 
87 
102 
42 
42 
44 
42 
45 
24 
61 
96 


351 

118 
88 
71 
86 

101 
41 
41 
43 
39 
45 
22 

2 59 

2 95 


5 


Jan 15-Dec. 31, 1922 - 


3 


Jan 1 Dec 31 1923 


1 


1924 


(') 


1925 


1 


1926 


(') 


1927 


1 


1928 


1 


1929 


1 


1930 


3 


1931 


1 


1932 


1 


1933 

1934 


2 

1 







1 Changes in the revenue acts affecting the comparability of statistical data from estate-tax returns are 
summarized on pp. 222-223. 

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 or 1934. 

3 Less than $500. 

GIFT-TAX RETURNS 

The Revenue Act of 1932 imposed a tax, payable by the donor, 
upon the transfer of property by gift made subsequent to June 6, 
1932, at rates graduated from three-fourths of 1 percent upon net gifts 
of less than $10,000 to 33% percent upon net gifts in excess of 
$10,000,000. The act provides that any individual citizen or resident 
of the United States who makes any transfer by gift which exceeds 
$5,000 in value to any one donee, or regardless of value if the gift 
consists of a future interest, must file a gift-tax return. A nonresident 
alien is similarly required to file a return if the gift consists of property 
situated in the United States. 

The rates of tax in force for the calendar year for which the return 
is filed are applied, first, to the cumulative net gifts made from June 
6, 1932 (the date of the enactment of the Revenue Act of 1932), to 
the end of the calendar vear for which the return is filed. From the 



STATISTICS OF INCOME 59 

tax so determined there is deducted an amount computed by apply- 
ing like rates to the cumulative net gifts made up to the beginning 
of such calendar year. The balance is the tax liability for the calendar 
year for which the return is filed. 

There are presented herein tables compiled from gift-tax returns for 
1933, filed during the calendar year 1934, showing form of property in 
which gifts were made by net gift classes; also number of returns, total 
gifts before exclusions, exclusions, total gifts after exclusions, deduc- 
tions, net gifts, and tax, classified by net gift classes, by total gift 
classes, and by taxable and nontaxable returns. 

The data presented are based on the returns as filed and prior to any 
adjustments resulting from the audit. The tax liability shown in the 
tables will not correspond with the actual collections for the same 
period, as payment of the tax shown on the returns is at times deferred, 
and for the further reason that any deficiency taxes or overassessments 
disclosed by the audit are not reflected. 

In the tables, the term "total gifts" represents the value of the property 
transferred less any money consideration, if any, received in exchange, 
provided a donative intent existed. The tax is imposed upon the net 
gifts which are obtained by subtracting from the total gifts: 

(1) An exclusion of $5,000 for each donee (except in cases of future 
interests) ; 

(2) The amount of gross gifts represented by charitable, public, and 
similar gifts; and 

(3) A specific exemption not in excess of $50,000 for each resident 
or citizen donor, which may be taken all in 1 year or spread over a 
period of years at the option of the donor. 

Total gifts have been classified under the headings of real estate, 
stocks and bonds, cash, insurance, and miscellaneous. The last- 
named classification includes jewelry, objects of art, copyrights on 
books, the forgiveness of debts, interest in business, the assignment of 
a judgment, the assignment of the benefits of a contract of insurance, 
etc. Gifts of stocks and bonds comprised nearly 57 percent of all 
gifts made, followed by gifts of cash amounting to 23.6 percent, miscel- 
laneous gifts 8.9 percent, real estate 7.9 percent, and insurance 2.9 
percent. Total gifts for charitable, public, and similar purposes 
approximated 14 percent of the total gifts made. 

Slightly more than one-third of the total gifts were effected by 
trusts. The following table gives, for each kind of property, the 
amount of total gifts by trust: 

Gift-tax returns for 1933 — Total gifts by trust 

[Thousands of dollars] 



Kind of property 


Amount 




3,249 




61, 770 


Cash 


8,368 




2,386 




6,907 










82,680 


Total gifts 


241,008 







5984—35 



60 



STATISTICS OF INCOME 



From the following table comparison can be made with respect to 
all returns filed for the calendar years 1932 and 1933: 

Gift-tax returns for 1932 l and 1933 — Total number of returns, taxable and non- 
taxable returns, total gifts, net gifts, and tax 

[Money figures in thousands of dollars] 



Period 



June 6-Dec. 31, 1932. 
Jan. 1-Dec. 31, 1933. 



Number of returns 



Total 



1,747 
3,683 



Taxable 



245 
878 



Nontax- 
able 



1,502 
2,805 



Total gifts 



81, 389 
241,008 



Net gifts 



17,879 
101, 793 



Tax 



1,111 
8,943 



1 1932 covers period June to Dec. 31, 1932. 



Out of the 3,683 donors who filed gift-tax returns for 1933, there were 
783 who had also made gifts in 1932. The number of returns, net 
gifts, and tax of these identical donors are given in the following table: 

Gift-tax returns of identical donors for 1932 1 and 1933 — Number of returns, net 

gifts, and tax 

[Money figures in thousands of dollars] 





Number 

of re- 
turns in 
1933 


Net gifts on returns for — 


Tax 


on returns for— 




June 6- 

Dec. 31, 

1932 


1933 


Total 


June 6- 

Dee. 31, 

1932 


1933 


Total 


Gifts taxable in 1933 but not 
taxable in 1932 


143 

80 

7 

553 




19, 333 
19, 099 


19, 333 

26, 431 

501 




1,339 
3,040 


1,339 


Gifts taxable in both 1933 and 
1932 


7,332 

501 


486 
21 


3,526 


Gifts not taxable in 1933 but 
taxable in 1932... 


21 


Gifts not taxable in either 1933 
or 1932 






















Total 


783 


7,833 


38, 432 


46, 265 


507 


4,379 


4,886 







« 1932 covers period June 6 to Dec. 31, 1932. 



STATISTICS OF INCOME 



61 



Table 1. — Gift-lax returns for 1933 by net gift classes, showing number of returns, 
total gifts 1 by form of properly, exclusions, total gifts after exclusions, deductions, 
net gifts, 2 and tax 

[Money figures and net gift classes in thousands of dollars] 





Number 
of re- 
turns 


Total gifts by form of property 


Total 


Net gift classes in 1933 » 


Real 
estate 


Stocks 

and 

bonds 


Cash 


Insur- 
ance 


Miscel- 
laneous 


gifts be- 
fore ex- 
clusions 


Nontaxable returns: 


2,805 


9,984 


34,930 


31,347 


2,164 


6,723 


85, 149 




Taxable returns: 

Under 10 


176 

127 

104 

69 

73 

136 

103 

41 

21 

10 

3 

9 

2 


864 

1,224 

803 

379 

687 

1,448 

1,541 

121 

670 

23 

992 

21 


3,898 

3,976 

4,333 

3,779 

3, 777 

10,807 

11,763 

10.593 

8, 560 

8,052 

1,786 

7,500 

3,490 


1,958 
1,811 
1,790 

960 
1,695 
2.408 
5,310 
1,817 

643 

526 

73 

1,378 

109 


341 
324 
240 
262 
513 
236 
463 
669 
1,331 


979 

944 

730 

761 

753 

2,769 

2,736 

1,300 

622 

174 


8,039 
8,278 
7,896 
6, 142 


10-20 


20-30 


30-40 


40-50 


7,425- 
17,667 


£0-100 


100-200... 


21,813 


200-400... 


14, 499 


400-600... 


11,826 


600-800 


8, 775. 


800-1,000 




2, 851 


1,000-1,500 




2,542 
67 


11,441 


1,500-2,000 




3,666 


2,000-2,500 










4 
878 


282 
9,053 


19.453 
101,768 


4.9S1 
25, 458 


554 
4,931 


271 
14, 649 


25, 541 


Total taxable returns 


155,859 




3,683 


19, 037 


136, 699 


56, 805 


7,095 


21,371 


241,008 









Exclu- 
sions not 

exceed- 
ing $5,000 
for each 

donee 


Total 
gifts 
after ex- 
clusions 


Deductions 


Net gifts 




Net gift classes in 1933 2 


Chari- 
table gifts 
after ex- 
clusions 3 


Specific 
exemp- 
tion 
claimed 
in 1933 « 


Total de- 
ductions 


Tax 


Nontaxable returns: 


20, 384 


64, 765 


20. 653 


44,113 


85, 149 












Taxable returns: 

Under 10 


1,455 

1,281 

1,022 

785 

755 

1,590 

1,524 

600 

420 

285 

40 

310 

145 


6,584 
6,997 
6,874 
5, 357 
6,670 
16, 077 
20, 289 
13,899 
11,406 
8,490 
2,811 
11,131 
3,521 


318 

211 

464 

49 

583 

370 

1,022 

878 

221 

896 

3 

37 

50 


5,476 

4,941 

3,897 

2,893 

2,830 

5,684 

4,373 

1,649 

824 

404 

131 

374 

94 


7.250 

0.432 

5.383 

3,727 

4,169 

7, 644 

6,919 

3,127 

1,465 

1,585 

174 

721 

289 


789 

1,846 

2,513 

2,415 

3. 257 

10. 023 

14, 894 

11,372 

10,361 

7,190 

2, 677 

10. 720 

3,377 


6 


10-20 


20 


20-30 


37 


30-40 


45 


40-50 


75 


50-100 


334 


100-200. 


693 


200-400. 


680 


400-600 


800 


600-800 


595 


800-1,000 


236 


1,000-1,500 


1,070 


1,500-2.000 


390 








400 
10,612 


25, 141 
145, 247 


4,632 
9,734 


150 
33, 721 


5,182 
54, 067 


20, 359 
101, 793 


3,964 


Total taxable returns 


8,943 




30, 995 


210, 013 


30, 387 


77, 833 


139, 215 


101, 793 


8,943 







' Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and 
specific exemption. 

2 Net gifts after exclusions and deductions. 

3 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for each 
donee (except future interests). 

< A specific exempt ion of $50,000 is allowed each resident or citizen donor. At the option of the donor the 
amount may be taken in 1 year or spread over a period of years. 



62 



STATISTICS OF INCOME 



Table 2. — Gift-tax returns for 1933 by total gift classes and by taxable and non- 
taxable returns, showing number of returns, total gifts before exclusions, 1 exclusions, 
total gifts after exclusions, deductions, net gifts, 2 and tax 

[Money figures and total gift classes in thousands of dollars] 







Total 
number 
of re- 
turns 


Taxable 


Total gift classes in 1933 ' 


Number 
of re- 
turns 


Total gifts 
before ex- 
clusions 


Exclusions 
not ex- 
ceeding 
$5,000 for 
each donee 


Total gifts 
after ex- 
clusions 


Under 10 


642 
810 
497 
386 
311 
625 
242 
103 

23 

15 
6 

10 
6 
1 

3 


30 

31 

20 

23 

18 

376 

226 

95 

22 

14 

6 

8 

4 

1 

2 


184 

429 

479 

800 

837 

28, 105 

30,511 

25, 529 

10. 774 

9,720 

5, 265 

9,370 

6,286 

2,029 

5,647 


107 

184 

165 

170 

155 

3,426 

3,032 

1,578 

395 

300 

175 

185 

190 

150 

25 


77 


10-20 


245 


20-30.-. 


314 


30-40 


630 


40-50... 


682 


50-100 

100-200 


24, 679 
27, 478 


200-400... 


23, 951 


400-600 


10, 379 


000-800.. 


9,420 


800-1.000 


5,090 


1,000-1,500 


9,185 


1,500-2,000 


6,096 


2,000-2,5C0 


1,879 


2,500-3,000 


5,622 


3.000-3,500 




3,500-4,000 












4,000-4,500 


1 










4.500-5,000 










5,000-0,000 


1 


1 


5,571 


30 


5,541 


6,000-7,000 




7,000-8,000 












i _o 000 












9,000-10,000 












10,000 and over. 


1 


1 


14, 323 


345 


13, 978 








Total 


3,683 


878 


155, 859 


10, 612 


145, 247 








Taxable 




Deductions 


Net gifts 




Total gift classes in 1933 1 


Charitable, public, 
and similar bequests 


Specific 

exemption 

claimed 

in 1933 * 


Total 
deduc- 
tions 


Tax 




Number 
of donees 


Amount 
after ex- 
clusions 3 




Under 10 






4 

18 

35 

210 

264 

16, 601 

10, 197 

4,009 

808 

625 

231 

324 

194 

50 

100 


4 

21 
38 

248 

275 

16, 833 

10, 686 

5,990 

1, 674 

1,138 

373 

345 

962 

85 

120 


73 

224 

276 

382 

407 

7,847 

16, 793 

17, 960 

8,705 

8,282 

4,717 

8,841 

5,135 

1,793 

5,502 


1 


10-20 


1 

2 

4 

2 

33 

42 

65 

18 

15 

7 

2 

8 

3 

1 


3 
3 

38 

11 

232 

488 

1,982 

866 

513 

142 

21 

768 

35 

20 


3 


20-30 


4 


30-40 


8 


40-50. 


8 


50-100... 


141 


100-200 


575 


200-400. 


953 


400-600 


646 


600-800 


629 


800-1,000 


407 


1,000-1,500 


855 


1,500-2,000 


535 


2,000-2,500 


215 


2,500-3,000.. 


742 


3,000-3,500 




3,500-4,000- 














4,000-4,500 














4,500-5,000.. 














5,000-6,000 


3 


39 


50 


89 


5,453 


980 


6,000-7,000 




7,000-8,000.... 














8,000-9,000 














9,000-10,000 














10,000 and over 


62 


4,574 




4,574 


9.404 


2,242 








Total 


268 


9,734 


33, 721 


43, 455 


101, 793 


8,943 

























For footnotes, see p. 63. 



STATISTICS OF INCOME 



63 



Table 2. — Gift-tax returns for 1938 by total gift classes and by taxable and non- 
taxable returns, showing number of returns, total gifts before exclusions, 1 exclusions, 
total gifts after exclusions, deductions, net gifts, 2 and tax 

[Money figures and total gift classes in thousands of dollars] 





Nontaxable 




Num- 
ber of 
returns 


Total 
gifts 
before 
exclu- 
sions 


Exclu- 
sions not 

exceed- 
ing $5,000 
for each 

donee 


Total 
gifts 
after 
exclu- 
sions 


Deductions 


Total gift classes in 
19331 


Charitable, public 
and similar gifts 


Specific 
exemp- 
tion 
claimed 
in 1933 4 


Total 




Num- 
ber of 
donees 


Amount 
after ex- 
clusions 3 


deduc- 
tions 


Under 10 


612 

779 

477 

363 

293 

249 

16 

8 

1 

1 


3,956 
11,016 
11,485 
12, 432 
13, 126 
14, 545 
2,093 
2,362 
508 
611 


2,456 

4, 507 

3,502 

3,175 

2,622 

3,397 

310 

155 

60 

10 


1,500 

6,508 

7,983 

9,257 

10, 504 

11, 148 

1,783 

2,207 

448 

601 


51 
78 
50 
71 
27 
94 
36 
21 
7 
1 


131 

477 

397 

571 

193 

1,403 

1,578 

2,094 

433 

556 


1,369 
6,032 

7, 586 

8,680 

10, 311 

9,745 

205 

113 

15 

45 


1,500 


10-20 


6,508 


20-30 


7,983 


30-40 


9, 257 


40-50 


10,504 


50-100 

100-200 


11,148 
1,783 


200-400 


2,207 


400-600 


448 


600-800 


601 


800-1,000 . 




1,000-1,500... 


2 

2 


2,326 
3,269 


25 
50 


2,301 
3,219 


5 
10 


2,301 

3,219 




2,301 


1,500-2,000 




3.219 


2,000-2,500 






2,500-3,000 . 


1 


2,923 


15 


2,908 


3 


2,908 




2,908 


3,000-3,500 






3,500-4,000... 


















4,000-4,500 


1 


4,496 


100 


4,396 


18 


4,390 


6 


4,396 


4,500-5,000 




6,000-6,000 . 


















6,000-7,000 .. 


















7,000-8,000 


















8,000-9,000 


















9,000-10,000 


















10,000 and over. 




































Total 


2,805 


85, 149 


20, 384 


64, 765 


472 


20, 653 


44, 113 


64, 765 







• Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and 
specific exemption. 

2 Net gifts after exclusions and deductions. 

3 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $5,000 for 
each donee (except future interests) . 

4 A specific exemption of $50,000 is allowed each resident or citizen donor. At the option of the donor, this 
amount may be taken in 1 year or spread over a period of years. 

Tables exhibiting in greater detail information from individual 
and corporation income-tax returns are continued in the following 
pages. 

There is also included a synopsis of income-and profits-tax rates, 
estate- and gift- tax rates, credits and exemptions under the various 
Revenue Acts which affect the comparability of the data in the 
Statistics of Income. 
Respectfully, 

Guy T. Helvering, 
Commissioner oj Internal Revenue. 

Approved December 3, 1935. 

H. MORGENTHAU, Jr., 

Secretary of the Treasury. 



BASIC TABLES 



INDIVIDUAL RETURNS 



65 



STATISTICS OF INCOME 



67 



Table 1. — Individual returns for 1938 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 Terri- 
tories 



Alabama 

Arizona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

Dist. of Columbia 

Florida 

Oeorgia 

Hawaii 

Idaho... 

Illinois 

Indiana 

Iowa 

Kansas 

Kentucky 

Louisiana.. 

Maine 

Maryland 

Massachusetts 

Michigan 

Minnesota 

^Mississippi 

Missouri 

Montana 

Nebraska 

Nevada 

New Hampshire.. 

Now 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 



Popula- 
tion July 

1, 1933 
(Census 
Bureau 
estimate 11 
(In thou- 
sands) 



2,697 

453 
1,872 
6,062 
1,052 
1,646 

241 

495 
1,554 
2,911 

382 

447 
7,826 
3,291 
2,482 
1,900 
2, 648 
2,153 

802 
1,663 
4,313 
5,043 
2,594 
2,047 
3,668 

538 

1,392 

93 

469 
4, 193 

434 
12, 965 
3,275 

687 
6,798 
2,459 

983 
9,787 

702 
1,748 

702 
2, 664 
6,023 

518 

361 
2,441 
1,659 
1,774 
2,992 

231 



126, 130 



Percent 
of pop- 
ulation 
filing 
returns 



0.74 
1.90 

.61 
4.73 
2.73 
4.97 
4.11 
14.13 
1.85 
1.11 
2.84 
1.36 
3.61 
1.87 
1.62 
1.62 
1.22 
1.54 
2.42 
4.59 
5.38 
2.22 
2.31 

.53 
2.54 
2.14 
1.79 
3.97 
3.30 
4.82 
1.29 
5.77 

.90 
1.22 
2.67 
1.35 
2.80 
3.31 
4.20 

.73 
1.08 
1.26 
1.76 
2.09 
2.60 
1.76 
3.29 
1.46 
3.00 
2.86 



Number 
of returns 



19, 962 

8,588 

11,427 

286, 580 

28, 725 

81, 850 

9, 910 

69, 967 

28. 775 

32, 329 

10, 835 

6,072 

282, 360 

61,675 

40, 329 

30, 738 

32, 332 
33, 094 
19, 435 
76, 409 

231,960 

112,053 
59, 803 
10, 868 
93, 308 
11,511 
24, 939 
3,692 
15, 458 

202, 190 
5,577 

748, 054 
29, 462 
8,359 

181,212 

33, 224 
27, 572 

323. 960 

29, 489 

12, 6S6 

7,555 

33, 464 

105, 950 

10, 807 

9,375 

42, 920 

54, 539 

25, 837 

89, 739 

6,603 



Net income 



$53, 
20, 
29, 

785, 
74, 

257, 
45, 

192, 
84, 
94, 
34, 
14, 

848, 

161, 
96, 
71, 
90, 
86, 
55, 

244, 

682, 

293, 

163, 
24, 

271, 
29, 
65, 
9, 
41, 

618, 

14, 

2, 598, 

91. 

16, 

511, 
89, 
66, 

970, 
92, 
32, 
16, 
93, 

299, 
26, 
23, 

117, 

131, 
69, 

184, 
16, 



673, 478 
851, 766 
366, 515 
354, 006 
445, 866 
310,810 
536, 527 
795, 436 
718, 099 
892, 882 
357, 940 
582, 154 
918, 593 
600, 241 
835,681 
777, 244 
753, 614 
809, 253 
819, 385 
613,015 
666, 696 
131, 0S0 
750. 734 
020, 766 
748, 278 
877, 422 
022, 543 
772,417 
555, 501 
361, 894 
268, 551 
890, 660 
673. 065 
799, 800 
694,014 
908, 905 
199, 038 
250. 517 
589, 659 
131, 067 
519,323 
395, 213 
577, 627 
933, 16S 
937, 326 
634,811 
639, 579 
425, 751 
154, 155 
095, 6S9 



Tax 



$978, 404 

265, 635 

370, 043 

21, 444, 162 

1, 710, 477 

8, 691, 835 

5, 042, 284 

4, 625, 042 

2,671,623 

2, 062, 780 

1, 140. 546 

130. 027 

28, 596, 559 

3, 965, 454 

1,441,695 

1,018,001 

2, 024, 772 

1, 497, 560 

1,865,414 

8, 489. 497 

19. 763. 997 

6, 660, 804 

3,817.982 

271,063 

6, 848, 926 

403. 887 

1, 133, 297 

380. 800 

833. 674 

23, 002. 182 

165.971 

137,414,061 

4,121,232 

115,100 

13, 237, 425 

1, 608, 377 
795. S93 

32, S72. 779 

3, 452, S03 

450, 922 

188, 033 

1, 987, 598 

7, 160, 953 

349, 519 

339, 220 

2, 399, 380 
1, 646, 568 
1, 107, 746 
3, 106, 227 

452, 240 



2.95 3,723,558 11,008,637,754 374,120,469 2,956.48 100.47 8,305,120,104 



Average per 
return 



Net 
income 



$2, 688. 78 
2, 428. 01 
2, 569. 92 
2, 740. 44 
2, 591. 68 
3,143,69 
4, 595. 01 

2, 755. 52 
2,944.16 
2, 935. 22 

3, 171.01 
2,401.54 
3, 006. 51 
2, 620. 19 
2, 401. 14 
2, 335. 13 
2, 806. 93 
2,623.11 
2. 872. 11 
3,201.36 
2, 943. 04 
2, 616. 00 
2, 738. 17 
2. 210. 23 
2,912.38 
2, 595. 55 
2, 607. 26 
2, 646. 92 
2, 688. 28 
3, 058. 32 
2,558.46 
3, 474. 20 
3,111.57 
2, 009. 79 
2, 823. 73 
2. 706. 14 
2. 400. 95 
2, 994. 97 
3,139.80 
2, 532. 80 
2, 186. 54 
2, 790. 92 
2, 827. 54 
2, 492. 20 
2, 553. 31 
2. 740. 79 
2, 413. 68 
2, 687. 07 
2,052.11 
2, 437. 63 



Tax 



$49. 01 
30,93 
32.38 
74.83 
59.55 

106. 19 

508. 81 
66.10 
92.85 
63.81 

105. 26 
21.41 

101. 28 
64.30 
35.75 
33.12 
62.62 
45. 25 
95.98 

111. 11 
85.20 
59.44 
63.84 
24.94 
73.40 
35. 09 
45.44 

103. 14 
53. 93 

113.77 
29.76 

183. 70 

139.88 
13.77 
73.05 
48.41 
28.87 

101.47 

1 17. 09 

35. 54 
24.89 
59.40 
67.59 
32.34 

36. 18 
55.90 
30.19 
42.87 
34.61 
68.49 



Personal 
exemption 
and credit 
for depend- 
ents 



$47, 667, 245 
19,013,211 
28, 324, 171 

589, 935, 535 
64, 186, 893 

170, 336, 624 
20, 631, 150 

134,019,012 
68, 379, 422 
76, 679, 329 
27,028.371 
13,861,500 

628, 803, 955 

140, 045, 873 
89, 856, 867 
70, 397, 160 
73, 546, 227 
75, 450, 782 
42. 128, 701 

168, 356, 683 

484, 855, 738 

258, 127, 571 

132. 669, 757 
26, 887, 837 

212,064,933 
26,311,658 
57, 320, 608 
7, 485, 923 
31,905,853 

450, 105. 032 

12, 630, 357 

1,615.170,094 

72. 168, 045 

19,853,219 

512,712,357 
83, 370, 784 
64, 870, 827 

731.212,969 
61.687.875 
31,295,024 
17, 373, 483 
78,718,410 

232,198,644 
27, 902, 289 
20, 604, 165 
97, 799, 807 

122, 429, 604 
59, 006, 999 

192,852,841 
14, 878, 690 



1 Includes Alaska. 



68 



STATISTICS OF INCOME 



Table 2. — Individual returns for 1938 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 credit, and tax credit 

For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] 



Net income classes 
(Thousands of dollars) 



Under 1 (est.) >_ 
Under 1 (est.).. 

1-2 (est.) i 

1-2 (est.) 

2-3 (est.) i 

2-3 (est.) 

3-4 (est.) ' 

3-4 (est.) 

4-5 (est.) ' 

4-5 (est.) 

6-6' 

6-6. 

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 

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 *. 

Total 



Nontaxable returns '. 
Taxable returns 



Number of 
returns 



388, 

9, 

743. 

737, 

648, 

265, 

168, 

267, 

20, 

142, 

7, 

85, 

55, 

36, 

25, 

19, 

14, 

11, 

8, 

7, 

6, 

18, 

10, 

6, 

7, 

4, 

2, 

1, 



3, 723, 558 



1,975,818 
1, 747, 740 



Net income 



$259, 

4, 

1,072, 

1,020, 

1,616, 

678, 

558, 

926, 

88, 

634. 

40, 

466, 

359, 

275, 

214, 

181, 

147, 

127, 

108, 

97, 

86, 

314, 

230, 

182, 

262, 

185, 

132, 

100, 

68, 

55, 

44, 

129, 

69, 

42, 

27. 

30, 

24. 

34 

21 

38 

20 



28 



874, 701 
909, 341 
779, 490 
512, 121 
707,110 
879, 105 
177,618 
385, 335 
083, 597 
811,568 
354, 886 
545, 892 
438,117 
120,577 
704, 486 
705, 488 
564, 774 
355, 343 
116,073 
090, 472 
898, 377 
864, 071 
196,680 
207. 780 
358, 726 
438, 623 
772, 640 
343, 290 
446, 005 
295, 324 
191,960 
158,784 
759, 240 
081,396 
374, 302 
099, 524 
471, 169 
919,569 
780,911 
202, 638 
(?) 

182, 979 
( 2 ) 
( 2 ) 
( 2 ) 
471, 672 



11,008,637,754 



3, 635, 977, 402 
7, 372, 660, 352 



Tax 



Amount 



$97, 155 
i6,"344,"767' 



7, 709, 920 
~9,"42i~8i8~ 



8, 975, 493 



8, 449. 038 
7, 389, 587 
6,851,807 
6. 330, 372 

6, 056, 543 
5, 406, 920 
5, 121,157 
4,693,116 
4,438,710 
4, 225. 474 

16.633,106 
14,458,054 
12, 603, 898 
21,536,528 
18,214.650 
15.198,790 
13,165,687 
10. 526, 967 

9, 753, 636 
8,846, 153 

30,369,138 
19,354,705 
12, 682, 320 
8, 375, 028 
9, 642, 709 
8,207,419 
13, 294, 295 
7, 926, 568 
12, 772, 060 

( 2 ) 
7, 354, 770 
( 2 ) 
( 2 ) 
( 2 ) 

7, 632, 171 



374, 120, 469 



374, 120, 469 



Average tax 
per return 



$10.60 
""14.02" 



29.01 



35.19 
~62.~83" 



98.92 

132. 90 

185.91 

249. 88 

316.19 

383. 96 

461.74 

541.87 

616.57 

704. 25 

909. 80 

1,399.75 

1,891.03 

2, 835. 99 

4, 372. 22 

6, 244. 37 

8, 488. 52 

11,479.79 

14,959.56 

18, 942. 51 

28,015.81 

47,671.69 

67,459. 15 

82,921.07 

112,124.52 

150,316.71 

237.398. 13 

317,062.72 

399.126.88 

538, 850. 00 

919, 346. 25 

1, 604, 328. 00 

661,571.00 

1, 594, 322. 00 



100.47 



214. 06 



Average 

rate of tax 

on net 

income 

(percent) 



1.14 



1.02 



1.41 



1.81 

2.06 

2.49 

2.95 

3.33 

3.66 

4.02 

4.34 

4.57 

4.86 

5.28 

6.28 

6.92 

8.21 

9.82 

11.45 

13.12 

15.38 

17.64 

20.02 

23. 51 

27.75 

30.14 

30. 59 

32.04 

33.78 

38.07 

36,39 

33.43 

32.02 

36. 44 

47.38 

14. 62 

18.16 

26.81 



3.40 



5.07 



Personal ex- 
emption and 
credit for 
dependents 



$680, 738, 426 

1,301,071 

1, 949, 209. 932 

748. 861, 064 

1,922.075,818 

465, 604, 548 

578, 468, 205 

601,181,695 

62, 988, 290 

380,012.985 

17,182,835 

235, 248, 240 

146, 784, 549 

96,620,133 

65,281.829 

48, 948, 034 

35, 035, 689 

27, 720. 252 

21.283,163 

17,559.510 

14. 426. 720 

43, 856, 993 

24,483,413 

15,740, 188 

17,677.773 

9, 373. 21 1' 

5, 467, 229 

3, 380, 439 

2, 030, 805 

1,361,314 

1.038,422 

2, 273, 220 

809, 299 

377, 733 

217,383 

183. 374 

89, 975 

100, 800 

40, 225 

44, 200 

( 2 ) 

21,616 



(») 

(■') 



19, 433 



8,305,120,104 



1 Nontaxable returns. Specific exemptions from normal tax exceed net income. 
» Classes grouped to conceal identity of taxpayer. 



STATISTICS OF INCOME 



69 



Table 2. — Individual returns for 1933 by net income classes, showing number of 
returns, net income and tax, average tax per return, and average rale of tax, personal 
exemption and credit for dependents, tax before tax credit, and lax credit — Contd. 

[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] 





Tax before tax credit 


Tax credit — 


Net income classes 
(Thousands of dollars) 


Normal tax 


Surtax 


121.4 percent 
on capital net 
gain from sale 
of assets held 
more than 
2 years 


Total 


12K percent 
on capital 

net loss from 

sale of assets 
held more 

than 2 years 


Under 1 (est.) • - 












Under 1 (est.) 


$97, 155 






$97, 155 




1-2 (est.) ' 








1-2 (est.) 


10, 344, 707 






10, 344, 707 




2-3 (est.) ' 








2-3 (est.) 


7, 709, 920 






7, 709, 920 




3-4 (est.) ' -- 








3-4 (est ) 


9,421,818 






9,421,818 












4-5 (est.) 


8, 975, 493 






8, 975, 493 




5-0 1 








6-6 


8, 449, 038 

7.121.770 

6. 307, 067 

5, 698, 432 

5, 384, 204 

4,703,081 

4,342.817 

3.863,951 

3, 530, 490 

3. 202, 558 

12. 533, 370 

9,907,891 

7, 999, 737 

11,328,017 

7,591,971 

5, 329, 937 

3,779,135 

2. 535, 423 

2, 009. 793 

1, 089, 088 

4,304,117 

1, 823, 384 

1, 099, 305 

507, 509 

820,018 

375, 143 

533, 528 

191, 303 

182,841 

260, 008 






8. 449, 038 
7. 389, 587 
0,851,807 
15, 330, 372 
6, 050, 543 
5, 400, 920 
5,121,157 
4, 093. 1 10 
4,438,710 
4. 225. 474 
17.802,357 
10.588,491 
15,664,308 
27.345,147 
23.586,107 
19, 935. 900 
17,182,420 
13,258,070 
11,940,138 
10,596,933 
35, 950, 772 
22, 808, 652 
14,027.113 
9,234,716 
11.378,627 
9,048,151 
14, 270, 959 
8. 247, 877 
13,230,710 

( 2 ) 
9,116,435 
( 2 ) 
( 2 ) 
( 2 ) 
7, 633, 349 




6-7 


$207,817 
544, 740 
031,940 

672. 339 
703. 839 

778. 340 
829. 105 
902, 220 
902,910 

5,210,931 

0,455,312 

7, 373, 575 

15,334,817 

15, 197, 523 

14,001,929 

12,782,872 

10, 288, 490 

9,491,139 

8,501,844 

29.948,319 

20. 042. 480 

12, 088. 027 

7, 840, 899 

9,787,011 

7. 937, 440 

12, 939, 500 

7, 202, 305 

11, 138, 845 

(') 
8,324,894 
( 2 ) 
0) 
( 2 ) 
5, 344, 482 






7-8 






8-9 






9-10 






1C-11 






11-12 






12-13 






13-14 






14-15 -- 






15-20 


$58, 0.56 
105, 288 
291,050 
081,713 
790, 073 
544, 094 
620,419 
434,157 
439, 206 
345, 401 

1,038,330 

1, 002, 788 
839, 181 
820. 308 
770, 998 
735, 502 
797,931 
794,149 

1, 909, 030 
( 2 ) 

531, 473 
( 2 ) 
( 2 ) 
( 2 ) 

2,212,999 


$1,169,251 


20-25 - 


2,130,437 


25-30 


3, 060, 470 


30-40 


5,808,019 


40-50 


5,371,517 


60-00 


4,737,170 


00-70 


4,010,739 


70-80 - 


2,731,103 


80-90 


2, 180, 502 


90-100 


1,750,780 


100-150 


5,581,634 


150-200 


3,513,947 


200-250 


1, 944, 793 


250-300 


859, 688 


300-400 


1,735,918 


400-500- 


780, 732 


600-750 .- - 


976, 004 


750-1,000 


321,309 


1,000-1,500 - 


458, 056 


1,500-2,000 


( 2 ) 


2,000-3,000 


1, 701, 065 


3 000-4 000 




4 000-5 000 














75, 868 


1,178 






Total 


164, 277, 207 


244, 307, 216 


10,434,818 


425.019,241 


50, 898, 772 




















164, 277, 207 


244, 307, 210 


16,434,818 


425, 019, 241 


50,898,772 







1 Nontaxable returns. Specific exemptions from normal tax exceed net income. 
s Classes grouped to conceal identity of taxpayer. 



70 



STATISTICS OF INCOME 



Table 3. — Individual returns for 1933 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] 





Returns 


Net income classes 
^Thousands of dollars) 


Simple distribution 


Cumulative distribu- 
tion from highest 
income class 


Cumulative distribu- 
tion from lowest 
income class 




Number 


Percent 
of total 


Number 


Percent 
of total 


Numher 


Percent 
of total 




397, 676 

1,480,717 

914, 198 

436, 081 

162, 994 

92, 808 

55, 602 

38, 855 

25, 334 

19. 155 

14, 082 

11,091 

8,661 

7,199 

6,000 

18, 281 

10, 329 

6,663 

7,594 

4,166 

2,434 

1, 551 

917 

652 

467 

1,084 

400 

188 

101 

86 

55 

56 

25 

32 

7 

8 

1 

1 

1 


10.68 

39.77 

24.55 

11.71 
4.38 
2.49 
1.49 
.99 
.68 
.52 
.38 
.30 
.23 
.19 
.16 
.49 
.28 
.18 
.20 
.112 
.065 
.042 
.025 
.018 
.0126 
.0291 
.0109 
.0051 
.0027 
.0023 
.0015 
.0015 
.0007 
.0009 
.0002 
.0002 
.0001 
.0001 
.0001 


3, 723, 558 

3, 325, 882 

1, 845, 165 

930, 967 

494, 886 

331,892 

239, 084 

183, 482 

146. 627 

121, 293 

102, 138 

88, 056 

76, 905 

68, 304 

61, 105 

55, 105 

36, 824 

26, 495 

19, 832 

12, 238 

8,072 

5,638 

4,087 

3,170 

2,518 

2,051 

967 

561 

373 

272 

186 

131 

75 

50 

18 

11 

3 

2 

1 


100. 00 
89.32 
49.55 
25.00 
13.29 

8.91 

6.42 

4.93 

3.94 

3.26 

2.74 

2.36 

2.06 

1.83 

1.64 

1.48 
.99 
.71 
.53 
.330 
.218 
.153 
.111 
.086 
.068 
. 0554 
.0263 
.0154 
.0103 
.0076 
.0053 
.0038 
.0023 
.0016 
.0007 
.0005 
.0003 
.0002 
.0001 


397, 676 

1, 878, 393 

2, 792, 591 

3, 228, 672 
3, 391, 666 
3, 484, 474 
3, 540, 076 
3,576,931 
3, 602, 265 
3,621,420 
3, 635, 502 
3, 646, 593 
3, 655, 254 
3, 662, 453 
3, 668, 453 
3, 686, 734 
3, 697, 063 
3, 703, 726 
3,711,320 
3, 715, 486 
3,717,920 
3, 719, 471 
3, 720, 388 
3, 721, 040 
3, 721, 507 
3,722,591 
3, 722, 997 
3, 723, 185 
3, 723, 286 
3, 723, 372 
3, 723, 427 
3. 723, 483 
3, 723. 508 
3,723,540 
3, 723, 547 
3, 723, 555 
3, 723, 556 
3, 723, 557 
3, 723, 558 


10.68 


1-2 (est.) - 


50.45 


2-3 (est.) - 


75.00 


3-4 (est.) 


86.71 


4-5 (est.) -- 


91.09 


5-6 


93.58 


6-7 


95.07 


7-8 .- 


96.06 


8-9 


96.74 


9-10 


97.26 


10-11 --. 


97.64 


11-12 


97.94 


12-13 


98.17 


13-14 


98.36 


14-15 


98.52 


15-20 


99.01 


20-25 A 


99.29 


25-30 


99.47 


30-40 


99.67 


40-50 


99. 782 


50-60 


99. 847 


60-70 -- - . 


99. 889 


70-80 


99.914 


80-90 .. 


99. 932 


90-100 


99. 9446 


100-150. — ... 


99. 9737 


150-200 .. 


99. 9846 


200-250 --. 


99. 9897 


250-300 


99. 9924 


300-400 


99. 9947 


400-500 .. 


99. 9962 


500-750 


99. 9977 


750-1,000 


99. 9984 


1,000-1,500 


99. 9993 


1,500-2,000. . 


99. 9995 


2,000-3,000 


99. 9997 


3,000-4,000 


99. 9998 


4,000-5,000 


99. 9999 




100.00 






Total 


3, 723, 558 


100. 00 





















Net income classes 
(Thousands of dollars) 



Under 1 (est.)... 

1-2 (est.) 

2-3 (est.).. 

3-4 (est.) 

4-5 (est.) 

5-6. 

6-7 

7-8 

8-9 

9-10 

10-11 

11-12 

12-13.. 

13-14 

14-15 

1,5-20 

20-25 

25-30 

30-40 

40-50 

50-60 



Net income 



Simple distribution 



Amount 



$264, 

2, 093, 

2, 295, 

1, 484, 

722, 

506, 

359, 

275, 

214, 

181, 

147, 

127, 

108, 

97, 

86, 

314, 

230, 

182, 

262, 

185, 

132, 



784, 042 
291,611 
586,215 
562, 953 
895, 105 
900, 778 
438,117 
126, 577 

704, 486 

705, 4S8 
564, 774 
355, 343 
116,073 
090, 472 
898, 377 
864, 071 
190, 680 
207, 780 
358, 726 
438, 623 
772, 640 



Percent 
of total 



2.41 

19.01 

20.85 

13.49 

6.57 

4.61 

3.27 

2.50 

1.95 

1.65 

1.34 

1.16 



.79 
2.80 
2.09 
1.60 
2.38 
1.68 
1.21 



Cumulative distribution 
from highest income class 



Amount 



$11,008, 
10, 743, 
8, 650, 
6, 354, 
4, 870, 
4, 147, 
3, 640, 
3, 281, 
3, 006, 
2, 791, 
2, 609, 
2, 462, 
2, 334, 
2, 226, 
2, 129, 
2, 042, 
1, 727, 
1, 497, 
1,315, 
1, 052, 
867, 



637, 754 
853, 712 
562, 101 
975, 886 
412, 933 
517,768 
616,990 
178, 873 
052, 296 
347,810 
642, 322 
077, 548 
722, 205 
006, 132 
515,660 
617,283 
753,212 
556, 532 
348, 752 
990, 026 
551, 403 



Percent 
of total 



100. 00 
97.59 
78.58 
57.73 
44.24 
37. 67 
33. 06 
29.79 
27.29 
25.34 
23.69 
22.35 
21.19 
20.21 
19.33 
18.54 
15.68 
13.59 
11.93 
9.55 
7.87 



Cumulative distribution 
from lowest income class 



Amount 



$264, 
2, 358, 
4, 653, 
6, 138, 
6,861, 
7, 368, 
7, 727, 
8, 002, 
8,217, 
8, 398, 
8, 546, 
8, 673, 

8, 7S2, 
8, 879, 
8, 966, 

9, 280, 
9,511, 
9, 693, 
9, 955, 

10, 141, 
10, 273, 



784, 042 
075, 653 
661, 868 
224, 821 
119, 985 
020, 764 
458, 881 
585, 458 
289, 944 
995, 432 
560, 206 
915, 549 
031,622 
122, 094 
020, 471 
884, 542 
081, 222 
289, 002 
647, 728 
086, 351 
858, 991 



Percent 
of total 



2.41 
21.42 
42.27 
55. 70 
62.33 
P6.94 
70.21 
72.71 
74.66 
76.31 
77.65 
78.81 
79.79 
80.67 
81.46 
84.32 
86.41 
88.07 
90.45 
92.13 
93.34 



STATISTICS OF INCOME 



71 



Table 3. — Individual returns for 1933 by net income classes, showing simple and 
cumulative distribution of number of returns, net income and tax, and percent- 
ages — Continued 





Net income 


Net income classes 
(Thousands of dollars) 


Simple distribution 


Cumulative distribution 
from highest income class 


Cumulative distribution 
from lowest income class 


Amount 


Percent 
of total 


Amount 


Percent 
of total 


Amount 


Percent 
of total 


60-70 -. 


100, 343, 290 

68, 446, 005 
55, 295, 324 
44, 191, 960 

129, 158, 784 

69, 759, 240 
42, 081, 396 
27, 374, 302 
30, 099, 524 
24, 471, 169 
34,919,569 
21, 780, 911 
38, 202, 638 

(') 
20, 182, 979 

(') 

0) 

(') 
28, 471, 672 


.91 
.62 
.50 
.40 
1.17 
.63 
.38 
.25 
.27 
.22 
.32 
.20 
.35 

(') 
.18 

(') 

(') 

(') 
.26 


734, 778, 763 
634, 435, 473 
565, 989, 468 
510, 694, 144 
466, 502, 184 
337, 343, 400 
267, 584, 160 
225, 502, 764 
198,128,462 
168, 028, 938 
143, 557, 769 
108, 638, 200 
86, 857, 289 

(') 
48, 654, 651 
(') 
(') 
(') 
28, 471, 672 


6.66 

5.75 

5.13 

4.63 

4.23 

3.06 

2.43 

2.05 

1.80 

1.53 

1.31 

.99 

.79 

(') 

.44 
(') 
(') 
(') 
.26 


10, 374, 202, 281 
10, 442, 648, 286 
10,497,943,610 
10, 542, 135, 570 
10, 671, 294, 354 
10,741,053,594 
10, 783, 134, 990 
10,810,509,292 
10. 840, 608, 816 
10, 865, 079, 985 
10,899,999,554 
10,921,780,465 
10, 959, 983, 103 

(>) 
10,980,166,082 

(') 

(') 

0) 
11,008,637,754 


94 25 


70-80 


94 87 


80-90 


95 37 


90-100 


95 77 


100-150 


96 94 


150-200 


97 57 


200-250 


97 95 


250-300 


98 20 


300-400 


98 47 


400-500 


98 69> 


500-750 


99 01 


750-1,000 


99.21 


1,000-1,500 


99 56 


1,500-2,000... _. 


(') 
99.71 


2.000-3,000 


3,000-4,000 


(') 
(') 
(') 
100. 00 


4,000-5,000 




Classes grouped • 


Total 


11, 008, 637, 754 


100. 00 



















Net income classes 
(Thousands of dollars) 



Under 1 (est.)... 

1-2 (est.) 

2-3 (est.) 

3-4 (est.) 

4-5 (est.) 

5-6 

6-7.... 

7-8... 

8-9 

9-10 

10-11 

11-12. 

12-13 

13-14 

14-15 

15-20 

20-25 

25-30 

30-40 

40-50 

50-60 

60-70 

70-80 

80-90 

90-100 

100-150 

150-200 

200-250 

250-300 

300-400 

400-500 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000 and over___ 
Classes grouped 



Total 374,120,469 



Tax 



Simple distribution 



Amount 



$97, 155 
344, 707 
709, 920 
421,818 
975, 493 
449, 038 
389, 587 
851, 807 
330, 372 
056, 543 
406,920 
121, 157 
693, 116 
438, 710 
225, 474 
633, 106 
458, 054 
603, 898 
536, 528 
214, 650 
198, 790 
165, 687 
526, 967 
753, 636 
846, 153 
369, 138 
354, 705 
682, 320 
375, 028 
642, 709 
267, 419 
294, 295 
926, 568 
772, 060 
0) 

354, 770 
(') 
0) 
0) 
632, 171 



Percent 
of total 



0.03 
2.77 
2.06 
2.52 
2.40 
2.26 
1.98 
1.83 
1.69 
1.62 
1.45 
1.37 
1.25 
1.19 
1.13 
4.45 
3.86 
3.37 
5.75 
4.86 
4.06 
3.51 
2.81 
2.61 
2.36 
8.12 
5.18 
3.39 
2.24 
2.58 
2.21 
3.55 
2.12 
3.41 

(') 
1.97 

0) 

0) 

(') 
2.04 



100.00 



Cumulative distribu- 
tion from highest 
income class 



Amount 



$374,120,4fi9 
374,023,314 
363, 678, 607 
355, 968, 687 
346, 546, 869 
337,571,376 
329,122,338 
321, 732, 751 
314, 880. 944 
308, 550, 572 
302, 494, 029 
297, 087, 109 
291, 965. 952 
287, 272, 836 
282, 834, 126 
278, 608, 652 
261, 975, 546 
247, 517, 492 
234,913,594 
213, 377, 066 
195,162,416 
179, 963, 626 
166, 797, 939 
156, 270, 972 
146, 517, 336 
137, 671, 183 
107, 302, 045 
87, 947, 340 
75, 265, 020 
66, 889, 992 
57, 247, 283 
48, 979, 864 
35, 685, 569 
27, 759, 001 

(') 
14, 986, 941 
(■) 
0) 

(') 

7, 632, 171 



Percent 
of total 



100. 00 
99.97 
97.20 
95.14 
92.62 
90.22 
87.96 
85. 98 
84.15 
82. 46 
80.84 
79.39 
78.02 
76.77 
75.58 
74.45 
70.00 
66.14 
62.77 
57.02 
52.16 
48.10 
44.59 
41.78 
39.17 
36.81 
28.69 
23.51 
20.12 
17.88 
15.30 
13.09 

9.54 

7.42 
0) 

4.01 
(0 
(') 
(>) 

2.04 



Cumulative distribu- 
tion from lowest in- 
come class 



Amount 



$97, 155 

10, 441, 862 

18, 151, 782 

27, 573, 600 

36, 549, 093 

44,998,131 

52,387,718 

59, 239, 525 

65. 569, 897 

71, 626, 440 

77, 033, 360 

82,154,517 

86, 847, 633 

91, 286. 343 

95,511,817 

112,144,923 

126, 602, 977 

139, 206, 875 

160, 743, 403 

178, 958, 053 

194,156,843 

207, 322, 530 

217,849,497 

227, 603, 133 

236, 449, 286 

266, 818, 424 

286, 173, 129 

298, 855, 449 

307, 230, 477 

316, 873, 186 

325, 140, 605 

338, 434, 900 

346, 361, 468 

359, 133, 528 

(') 
366, 488, 298 
(') 
(') 
(') 
374, 120, 469 



Percent 
of total 



0.03 
2.80 
4.86 
7.38 
9.78 
12.04 
14.02 
15.85 
17.54 
19.16 
20.61 
21.98 
23.23 
24.42 
25.55 
30.00 
33.86 
37.23 
42.98 
47.84 
51.90 
55.41 
58.22 
60.83 
63.19 
71.31 
76.49 
79.88 
82.12 
84.70 
86.91 
90.46 
92.58 
95.99 

0) 
97.96 

(') 

(') 

(>) 

100.00 



1 Classes grouped to conceal identity of taxpayer. 



72 STATISTICS OF INCOME 

Table 4. — Individual returns for 1933 by Stales and Territories, showing number of 
returns and net income by sex and family relationship 

[Money figures in thousands of dollars] 

[For text defining certain items and describing methods of tabulation and estimating data, see pp. 1-5] 



States and Ter- 
ritories 


Joint returns of hus- 
bands and wives, 
with or without de- 
pendent children, 
and the returns of 
husbands whose 
wives, though living 
with them, file sep- 
arate returns 


Single men- 
heads of families 


Single women- 
heads of families 


Single men— not 
heads of families 




Number of 
returns 


Net income 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 


Number 
of 

returns 


Net 
income 




11, 742 

4,401 

7.401 

129. 254 

15.510 

35.947 

4.844 

27. 153 

17, 280 

18,317 

5.897 

3, 093 

137.447 

33, 639 

21,997 

18, 023 

16, 497 

17,975 

9, 500 

40, 256 

107. 818 

62. 374 

30.716 

6,792 

45, 990 

5. 553 

13, 506 

1.715 

7,369 

98, 197 

3.249 

352, 083 

18,510 

4.978 

91.50S 

22. 512 

14.290 

157, 170 

12,510 

7.708 

4.343 

19,240 

57, 892 

6,888 

3,882 

23, 902 

27,963 

13,941 

47, 793 

3,674 


38, 524 
12. 157 
21.825 
374.381 
48, 228 

149, 109 
27, 272 

101,760 
67,851 
66, 090 
21,3*5 
8,859 
548.452 
111,087 
60, 454 
50. 001 
68, 972 
48,972 
33. 457 

150, 185 
399. 520 
200, 597 
110. 186 

17.356 

173, 538 

19,111 

44, 878 

4,864 

25, 423 

386, 292 

9,095 

1,573.147 

67,012 

11.845 

329, 397 
69, 466 
44,590 

581,194 
51,637 
23. 245 
11.534 
65, 824 

157.519 
20. 065 
13,017 
79. 719 
76,014 
40, 730 

119. 467 
11,274 


1,248 

504 

719 

18, 159 

1.872 

5,484 
475 

2, 342 

1, 689 
2.151 

819 

463 

23, 333 

4,828 

2, 599 
1, 835 
2,719 
1,699 
1,612 
4,270 

15,689 

7.705 

4, 180 

737 

8,953 

1, 196 
1,982 

193 

778 

16, 278 

152 

48.235 

1,218 

453 

14,995 

1.378 

2, 282 
34,751 

2,282 

763 

441 

2, 338 

4,315 

709 

988 

2,571 

4,043 

1,448 

3,993 

343 


2,780 
1,011 
1,607 

40. 505 
4.171 

12,942 
1, 557 
0.711 
3. 984 
6,398 
1,873 
914 

54, 536 

10. 693 
5,381 
3.759 
6,209 
4, 158 
3.300 

11, 156 
36, 289 
15.990 

9. 265 

1,582 

19. 227 

2,407 

3,873 

471 

1,743 

39, 677 

401 

139. 644 

3.770 

902 

33, 425 

3,507 

4,242 

71, 632 

5.300 

1,745 

908 

5, 446 

10, 186 

1,443 

1,978 

6,159 

7,637 

2,930 

7,467 

692 


709 

232 

401 

11.310 

1,210 

4,202 

371 

4,575 

1. 003 

1, 422 

297 

210 

14, 970 

2.000 

1,004 

836 

1,794 

L001 

695 

3,525 

9,046 

3, 250 

1,849 

395 

5,512 

502 

959 

61 

442 

11,115 

109 

37, 968 

709 

153 

8,266 

1.068 

1,781 

15, 599 

1,571 

470 

135 

1, 305 

2,875 

313 

641 

1.293 

2,072 

683 

1,606 

104 


1,390 

505 

804 
25,472 
2,430 
9,526 
1,026 
9. 150 
2,312 
2.967 
1,097 

371 
28, 360 
3,469 
1,791 
1,499 
3,417 
2,020 
1,636 
7, 745 
20. 067 
6.314 
3.619 

672 
10, 326 

923 
1,632 

254 

1,014 

25, 908 

228 

88. 860 

2,131 

237 

16.057 

2.001 

2.875 

35,921 

3,485 

967 

273 
2.398 
5,934 

516 
1,124 
3.029 
3,555 
1,509 
2, 754 

210 


3,724 
1,880 
1.818 

09, 205 
6,212 

10. 298 
2.047 

13, 721 
4.984 
5,323 
2,240 
1,353 

61.545 

12,933 

8,927 

6,010 

5,826 

5,987 

3.918 

15, 195 

45, 391 

24. 578 

14, 202 
1.788 

19,914 
2.861 
4,703 
1,337 
3,485 

38. 821 

1.126 

158. 058 

4, 521 

1.816 

39, 405 
4,726 
5,721 

66.717 
6,868 
2,230 
1,733 
6,219 

19, 374 
1,667 
1,935 
8,697 

11,902 
6,585 

21, 687 
1.926 


6,247 




3, 154 




3,105 




124, 776 




10. 555 




33.088 




5, 553 


Dist. of Columbia 

Florida 


28, 750 
10, 043 




9,359 


Hawaii 


4.546 


Idaho 


2, 057 


Illinois 


117. 198 


Indiana 


20. 893 




13,503 


Kansas 


9,478 


Kentucky 


10, 803 




9,206 




8,455 


Maryland 


30,292 


Massachusetts 

Michigan 


95. 085 
41,717 




23. 224 


Mississippi 


2. 654 


Missouri 


37. 327 




4,980 


Nebraska 


8,082 


Nevada 


2, 238 


New Hampshire 


6,153 
73, 517 


New Mexico 


2,027 


New York 


353, 547 


North Carolina 

North Dakota 

Ohio 


8.314 

2,530 

70, 3.50 


Oklahoma 


8,389 


Oregon 


8,928 


Pennsylvania 

Rhode Island.. 

South Carolina 

South Dakota 


139, 850 

13, 800 

3,489 

2,473 

11,072 


Texas 


36, 820 


L'tah 


2,581 


Vermont 


3,274 




15, 248 


Washington '... 

West Virginia 

Wisconsin 


19, 906 
11,659 
30, 856 




2,903 






Total 


1, 850, 863 


6, 743, 448 


264, 221 


022, 703 


164, 471 


351,838 


779, 259 


1, 510, 777 







> Includes Alaska. 



STATISTICS OF INCOME 



73 



Table 4. — Individual returns for 1933 by Stales 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 families 


Wives filing sep- 
arate returns 
from husbands 


Community prop- 
erty income 2 


Grand total 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 




2.208 

1, 061 

941 

41, 698 
3,401 

17,855 
1, 837 

21,039 

3. 106 

4.491 

1,368 

598 

40. 401 
7.431 
5,300 
3,650 
4,897 
3,499 
3,251 

11,569 

46, 489 

12, 802 
8.010 
1,007 

11, 531 

1.226 

3,464 

210 

3,077 

33, 602 

528 

135,391 

3,949 

895 

24,081 

3,050 

3,071 

44, 254 

5,678 

1,341 

840 

3, 825 

10, 743 

1,070 

1,768 

5,826 

5,431 

2,796 

13, 225 
463 


3.471 
1,641 
1,536 

80, 214 
7,180 

38,511 
5,381 

38. 510 
6,610 

7, 505 
4,072 

845 
73, 805 
11,573 

8, 101 
5, 184 
8,973 
5,352 
7.139 

30, 255 
101,471 

21, 770 

13. 173 
1.423 

23, 149 

1,972 

5,432 

468 

5.895 

68, 577 

925 

319,231 

6,855 

1, 138 

46,812 

4, 596 

4,562 

103. 358 

13, 981 
1,984 
1, 180 
6,632 

18, 997 
1, 601 
3.330 

10, 338 
8,885 
5,024 

19, 350 
715 


331 
347 
147 

8,456 
520 

2,064 
336 

1,137 
647 
625 
214 
250 

4, 664 
844 
442 
384 
599 

1,668 
459 

1, 588 

6,927 

1,338 
840 
149 

1,408 
113 
325 
112 
307 

4,177 

292 

15,719 

555 

64 

2, 957 
490 
427 

5,463 

574 

174 

63 

531 

6,018 
160 
161 
631 

1,921 
384 

1,435 
93 


1,260 

981 

430 
31, 358 
1,882 
13, 535 
4,748 
4.909 
3,918 
2,974 
1,384 

669 
26, 568 
3, 885 
1,605 
1.197 
2.380 
4.385 
1, 832 
8,980 
30, 229 
6,744 
4,284 

333 
8,183 

484 
1,125 

400 

1,328 

24, 330 

700 

124. 463 

3,591 

148 

15,654 

1,890 

996 
38, 296 
4,327 

701 

145 
2,024 
15. 864 

728 

614 
3,143 
4,990 
1,574 
4,260 

301 






19,962 
8,588 

11,427 
2S6, 580 

2S, 725 

81, 850 
9.910 

69, 967 

28, 775 
32, 329 
10, 835 

6,072 

282, 360 

61, 675 

40, 329 

30, 738 

32, 332 

33, 094 
19, 435 
76, 409 

231,960 

112,053 
59, 803 
10,868 
93, 308 
11,511 
24, 939 
3,692 
15, 458 

202. 190 
5,577 

748, 054 

29, 462 
8, 359 

181,212 
33, 224 
27. 572 

323, 960 

29, 489 

12, 686 

7. 555 

33, 464 

105, 950 
10, 807 
9,375 
42,920 
54, 539 
25, 837 
89, 739 
6,603 


53, 673 




163 


1,401 


20, 852 




29, 367 




8,438 


108, 648 


785, 354 




74,446 








257,311 








45, 537 








192, 795 








84, 718 


Georgia 






94, 893 








34. 358 




99 


867 


14, 582 




848,919 








161, 600 








96,836 








71, 777 








90, 754 




1,205 


12, 657 


86, 809 




55,819 








244, 613 








682. 667 








293, 131 








163, 751 








24, 021 








271, 748 








29, 877 








65,023 


Nevada 


64 


1,077 


9,772 




41, 556 








618, 362 




121 


892 


14, 269 




2, 598, 891 








91,673 








16, 800 


Ohio 






511,694 








89, 909 








66, 199 








970. 251 








92, 590 








32, 131 








16,519 








93, 395 


Texas 


4,733 


54, 259 


299, 578 


Utah 


26,933 








23, 937 








117,635 


Washington ' 


1,147 


10, 653 


131,640 


West Virginia 


69, 426 






184, 154 








16,096 










Total 


569, 244 


1, 168, 687 


79, 530 


420, 730 


15,970 


190, 454 


3, 723, 558 


11,008,638 







1 Includes Alaska. 

8 See footnote 2 on p. 7. 



74 STATISTICS OF INCOME 

Table 5. — Individual returns for 19SS 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) 



Net income classes 


Joint returns of hus- 
bands and wives, 
with or without de- 
pendent children 
and the returns of 
husbands whose 
wives, though living 
with them, file sep- 
arate returns 


Single men — 
heads of families 


Single women- 
heads of families 


Single men— not 
heads of families 




Number of 
returns 


Net income 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 


Under 1 (est.) " 

Under 1 (est.)-.- 

1-2 (est.) ' 


136, 374 

921 

313, 433 

8,465 

555, 970 

122,884 

151,959 

207, 300 

14,461 

112,017 

4,010 

64, 206 

39, 903 

25, 845 

17.328 

12. 858 

9,122 

7,191 

5,488 

4,515 

3, 676 
11,147 

6,211 
3,990 

4, 576 
2,438 
1,398 

861 

514 

346 

283 

626 

219 

108 

59 

55 

36 

29 

12 

15 

5 

7 

1 


79, 273 

512 

479,411 

13, 503 

1,397,119 

334, 871 

503, 030 

718, 282 

62, 932 

497, 520 

21,848 

350, 656 

257, 866 

192. 847 

146, 772 

121,998 

95, 606 

82, 585 

68, 502 

60, 902 

53, 238 

191,846 

138,479 

109, 198 

157, 844 

108, 520 

76, 281 

55, 841 

38, 391 

29, 303 

26, 788 

74, 048 

37, 522 

24.017 

16,111 

19, 468 

16, 172 

17,943 

10, 065 

18,631 

8,046 

( 2 ) 

( 2 ) 


15, 802 

5 

147,011 

759 

54,612 

6,819 

6,584 

11,835 

680 

5,979 

239 

3,972 

2,476 

1,625 

1,133 

833 

610 

441 

365 

274 

226 

718 

378 

247 

219 

137 

85 

48 

29 

22 

7 

22 
15 
7 
3 
2 


10, 099 

2 

216, 473 

1,226 

129,415 

18, 536 

21,725 

40, 785 

2, 959 

26, 585 

1,306 

21,671 

16, 013 

12, 145 

9, 594 

7,894 

6,397 

5. 063 
4, 547 
3, 688 
3,269 

12, 294 
8,398 
6,787 
7.676 
6, 125 
4,619 

3. 064 
2, 175 
1, 867 

661 
2,450 
2,526 
1, 601 

809 
( 2 ) 


10, 347 

8 

112,912 

439 

21,586 

2,288 

2,888 

3,826 

799 

2,143 

434 

1,335 

1,139 

842 

541 

425 

341 

297 

208 

179 

160 

450 

276 

174 

178 

87 

52 

32 

22 

11 

6 

26 

10 

3 

2 


7,023 

3 

158, 634 

691 

50, 895 

6,195 

9,732 

13, 244 

3.529 

9, 582 

2,377 

7,299 

7,363 

6,299 

4,577 

4,023 

3,569 

3.406 

2,600 

2,415 

2,320 

7,761 

6,109 

4,745 

6,148 

3,828 

2,818 

2,048 

1,643 

944 

577 

3,116 

1,720 

636 

554 


120, 997 

506 

74, 472 

434, 845 

5, 018 

80. 345 

1,630 

23, 846 

1,132 

10, 237 

617 

5.724 

4,050 

2,718 

1,966 

1, 602 

1,158 

941 

778 

648 

576 

1,687 

1,018 

636 

718 

433 

282 

181 

108 

66 

49 

140 

64 

22 

11 

10 

8 

8 

5 

7 


85, 565 

290 

96, 644 


1-2 (est.) 


605, 495 


2-3 (est.) ' 


12, 064 


2-3 (est.) -- 


191,011 


3-4 (est.) i 


5,611 


3-4 (est.) 


81, 761 


4-5 (est.) • 


5,033 


4-5 (est.) 


45, 450 


5-6 i 


3,372 


6-6 


31, 269 


6-7 -- 


26, 197 


7-8 


20, 277 


8-9 


16,676 


9-10 -. 


15,212 


10-11 . 


12, 122 


11-12 „ -- 


10, 794 


12-13 


9,710 


13-14 


8,727 


14-15 


8,342 


15-20 .. 


29, 131 


20-25 — 


22, 733 


25-30 


17, 330 


30-40 


24, 946 


40-50 . 


19, 306 


50-60 


15. 393 


60-70 - 


11,694 


70-80 


8,079 


80-90 


5,611 


90-100 -. 


4,628 


100-150 


16,821 


150-200 . 


11,095 


200-250 


4,938 


250-300 


2,968 


300-400 


3,416 


400-500 


2 
2 


876 
( 2 ) 


3,461 


500-750.... --. 


1 


( 2 ) 


5,195 


750-1,000 


4,369 


1,000-1.500 


1 


( 2 ) 


1 


( 2 ) 


8,043 


1,500-2 000 




2,000-3.000 














3 000-4 000 














4,000-5,000 
















1 


( 2 ) 
29, 661 


















2,257 




2,540 


















Total 


1, 850, 863 


6, 743, 448 


264, 221 


622, 703 


164,471 


351,838 


779, 259 


1,510,777 






Nontaxable returns •_ 
Taxable returns 


1, 176, 207 
674, 656 


2, 543, 613 
4, 199, 835 


224, 928 
39, 293 


381, 977 
240, 726 


148, 966 
15, 505 


232, 190 
119,648 


203, 866 
575, 393 


208, 289 
1,302,488 



For footnotes, see p. 75. 



STATISTICS OF INCOME 



75 



Table 5. — Individual returns for 1933 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] 

[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] 



Net income classes 



Under 1 (est.) L. 
Under 1 (est.)... 

1-2 (est.) ' 

1-2 (est.) 

2-3 (est.) i 

2-3 (est.) 

3-4 (est.) ' 

3-4 (est.) 

4-5 (est.) i 

4-5 (est.) ---. 

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 

500-750 

750-1.000 

1.000-1,500 

1.500-2,000 

2.000-3,000 

3,000-4.000 

4.000-5,000 

5.000 and over_. 
Classes grouped : 

Total 



Number 

of 
returns 



Single women — not 
heads of families 



Nontaxable returns '. 
Taxable returns 



94, 980 

466 

86, 153 

283, 824 

7,668 

45, 605 

3,575 

13,616 

1,916 

7,042 

1,130 

3,988 

3,310 

2,412 

1,882 

1,449 

1,258 

953 

833 

687 

621 

1,843 

1,137 

709 

834 

449 

266 

174 

101 

87 

49 

122 

37 

24 

13 

11 

1 

10 

3 

4 

1 



569, 244 



195,422 
373, 822 



Net 
income 



Number 

of 
returns 



72, 683 

267 

108, 800 

385, 660 

18, 609 
108, 742 

12, 275 
46, 696 

8, 544 
31,341 

6,180 
21, 800 
21, 448 
18, 033 
15, 967 

13, 739 
13, 189 
10, 954 
10,419 

9,271 
8,993 
31, 885 
25, 284 
19, 344 
28, 830 

19, 924 

14, 478 
11, 270 

7,509 
7,393 
4,627 
14, 666 
6,418 
5,422 
3,430 
3,715 
( 2 ) 

6,334 
2,893 
( 2 ) 
( 2 ) 



Wives filing sep- 
arate returns 
from husbands 



10, 009 

7,261 

9,085 

9,319 

3,543 

7,860 

1,685 

7,337 

1,146 

5,442 

814 

2,151 

2,065 

1,584 

1,240 

1,012 

826 

691 

543 

521 

439 

1,499 

818 

598 

728 

447 

242 

174 

113 

78 

55 

101 

48 

18 

11 

5 

8 

6 

3 

3 

1 

1 



( 2 ) 
"Il~655 



1, 168, 687 



227, 091 
941, 596 



79, 530 



26, 282 
53, 248 



Net 
income 



5,232 

3,835 

12,818 

13, 936 

8,605 

19, 524 

5,805 

25, 616 

5,088 

24, 333 

4,463 

11,772 

13, 378 

11,864 

10, 547 

9,600 

8,649 

7,934 

6,780 

7,036 

6,368 

25, 958 

18, 268 

16,368 

25, 134 

19, 947 

13, 259 

11,240 

8,419 

6,608 

5,210 

12,252 

8,343 

4,026 

2,937 

1,805 

3,502 

3,683 

2,788 

( 2 ) 

( 2 ) 

( 2 ) 



7,799 



420, 730 



Community prop- 
erty income 3 



Number 

of 
returns 



147 

4,041 

2,659 

1, 829 

1,244 

976 

767 

577 

446 

375 

302 

937 

491 

309 

341 

175 

109 

81 

30 

42 

18 

47 

13 

6 

2 

3 



15, 970 



42,011 

378, 719 



147 
15, 823 



Net 
income 



809 

22, 079 

17, 173 

13, 661 

10, 571 

9,239 

8.032 

6,620 

5,558 

5,052 

4,368 

15, 989 

10, 926 

8,435 

11,780 

7,790 

5,926 

5,186 

2,230 

3,569 

1,701 

5,806 

2,135 

1,442 

565 

1,028 



2,784 



190, 454 



809 
189, 645 



Grand total 



Number 

of 
returns 



388, 509 

9,167 

743, 066 

737, 651 

648, 397 

265, 801 

168, 321 

267, 760 

20, 134 

142, 860 

7,391 

85,417 

55, 602 

36, 855 

25, 334 

19, 155 

14, 082 

11,091 

8,661 

7,199 

6,000 

18, 281 

10, 329 

6,663 

7,594 

4,166 

2,434 

1,551 

917 

652 

467 

1,084 

406 

188 

101 

86 

55 

56 

25 

32 



3, 723, 558 



1.975,818 
1, 747, 740 



Net in- 
come 



259, 875 

4,909 

1, 072, 779 

1, 020, 512 

1,616,707 

678, 879 

558, 178 

926, 385 

88, 084 

634,812 

40, 355 

466, 546 

359, 438 

275, 127 

214, 704 

181,705 

147, 565 

127, 355 

108,116 

97, 090 

86, 898 

314,864 

230, 197 

182, 208 

262, 359 

185,439 

132, 773 

100, 343 

68, 446 

55, 295 

44, 192 

129, 159 

69, 759 

42. 081 

27, 374 

30, 100 

24. 471 
34, 920 
21,781 
38, 203 

( 2 ) 

20, 183 
( 2 ) 
( 2 ) 
( 2 ) 

28. 472 



11,008,638 



3, 635, 978 
7, 372, 660 



1 Nontaxable returns. Specific exemptions from normal tax exceed net income. 
' Classes grouped to conceal identity of taxpayer. 
• See footnote 2 on p. 7. 



76 



STATISTICS OF INCOME 



Table 6. — Individual returns for 1933 by States and Territories, showing sources 
of income and deductions, and net income 

[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.. 



Total. 



Sources of income 



Salaries, 
wages, 

commis- 
sions, 

fees, etc. 



38, 200 
14, 487 
20, 324 

497. 758 
47, 546 

155,201 
20, 530 

157, 528 
50, 726 
70, 936 
22, 035 
9,928 

624, 896 

119,844 

64, 677 
45, 669 
62, 881 
63, 124 
30, 375 

162.909 

424, 234 

230, 178 

115,877 

17, 786 

203, 948 

22, 378 

45, 255 

6,142 

22, 900 

443, 300 

8,786 

1,606,035 

65, 698 

12,584 

380, 335 

65, 622 
48, 625 

628, 323 
57, 217 
24, 996 
11,048 
70, 599 

189,415 
20, 545 
16, 084 
83, 974 
92, 437 
49, 032 

137, 072 
10, 358 



7, 390, 356 



Business 



8,719 

3,801 

7,115 

116,857 

11,614 

27, 079 

3, 588 

17,431 

13, 966 

13, 944 

3,145 

3,593 

95, 703 

24, 567 
21,259 
17,380 
12, 428 
12,718 

9,899 
25, 089 
79, 848 
40, 488 
25, 081 

6,057 
31, 422 

5,020 
12, 454 

1,664 

7,332 
64,208 

3,372 

266, 941 

12, 363 

3.914 

62, 036 

16, 782 

13,716 

123, 126 

9,509 

5,463 

3,808 
13, 362 
59, 556 

4,347 

3,062 
15, 648 
23, 737 

9,739 

25, 737 
3,239 



1, 402, 923 



Partner- 
ship ' 



5,042 
1,343 
3,245 

42, 207 
4, 260 
7,108 
1,354 
5,537 
4,648 
5,914 
868 
983 

44, 923 
9,074 
5,860 
4,806 
5,443 
6,755 
1,711 
9,706 

28, 460 

10, 620 
7,894 
2,157 

11,849 

1,210 

3,808 

608 

1,484 

20, 301 

1,061 

202, 756 

5,141 

1,094 

18, 955 
6,600 
3,770 

40, 695 

2,714 

2,106 

875 

6,445 

28, 231 
1,255 
807 
5,166 
5,629 
3,299 
7,176 
769 



603, 725 



Profit from sale of 
real estate, stocks, 
bonds, etc. 



Reported 

for tax on 

capital 

net gain J 



1,091 

2 

19 

8,211 

448 

5,831 

537 

636 

89 

209 

119 



19, 636 
1,576 

786 

207 
2,024 

274 

807 
3,609 
4,590 
5,108 
1,695 

140 

2,445 

26 

887 
97 

257 
2,821 



42, 281 
508 



5,997 

458 

605 

10, 946 

191 

38 

170 

1,091 

4,434 

450 

10 

333 

399 

855 

563 

108 



133, 616 



All other 



1,275 

657 

485 

26, 883 

3,424 

8.854 

1,763 

3, G96 

3,437 

2,542 

549 

376 

31,470 

3,680 

1,923 

2,324 

3, 236 

2,896 

1,989 

8,397 

25. 734 

10, 742 

5,518 

507 

8,787 

701 

1,674 

315 

982 

20, 025 

443 

144, 678 

2,111 

188 

18, 899 

3,978 

1,332 

31, 299 

2,274 

650 

882 

2,028 

10, 822 

699 

569 

3,901 

3,006 

2,282 

4,255 

455 



419, 591 



Rentsand 
royalties 



3, 632 
1,292 

2, 620 
52, 140 

3, 556 
9,018 
1.066 
7,904 
5,417 
5.440 
1,498 

661 
30, 604 
7, 254 
5, 860 
7,077 
4,994 
6, 195 
2,176 

10, 500 
16,113 

11, 859 
5,820 
1,623 

12, 962 
1,124 
3,417 

455 

1,820 

17, 543 

958 

60, 870 

5,009 

831 

21,785 

9,034 

3,233 

31,116 

3,398 

1,969 

1,018 

4,900 

36, 479 

798 

748 

6,399 

5,587 

4,215 

7,136 

760 



447,883 



Dividends 
on stock of 
domestic 
corpora- 
tions 



3, 465 
1,203 
1,246 
100. 963 
9,324 

63, 733 

23, 072 

12, 861 

14, 288 

13,077 

9,481 

608 

89, 604 

16, 626 
6,994 
3,987 

12, 460 
6,370 
9,995 

36, 046 
128, 726 

31,916 

18, 139 
1,203 

34, 196 
1,764 
4,212 
1,296 
8,437 

85, 162 

797 

433, 819 

23, 053 
503 

72, 251 

5,190 

3,425 

156, 489 

21,633 

2,416 

832 

8,960 

22, 171 
1,915 
3,154 

15,117 
8,335 
8,989 

17, 840 
1,704 



1,559,046 



For footnotes, see p. 78. 



STATISTICS OF INCOME 



Table 6. — Individual returns for 1933 by States and Territories, showing sources 
of income and deductions, and net income — Continued 

[Thousands of dollars] 







Sources of income- 


Continued 




Deductions 


States and Territories 


Fiduci- 
ary 1 


Interest 
on Gov- 
ernment 
obliga- 
tions not 
wholly 
exempt 
from tax * 


Other 
taxable 
interest 


Other 
income 


Total 
income 


Net loss 

from sale 
of re;il 
estate, 
stocks, 
bonds, 
etc.. 
other 
than 

reportpd 
for tax 

credit on 
capital 

net loss > 


Net loss 

from 
business 


Alabama 


901 

335 

337 

17,403 

1,246 

7,819 

1,331 

3,923 

2,940 

1,101 

1,008 

74 

14, 767 

1,175 

748 

571 

2,023 

716 

1,821 

9,691 

19,511 

3,821 

2,590 

234 

5,004 

175 

495 

196 

849 

16, 338 

300 

89, 645 

728 

87 

9,516 

573 

749 

38, 735 

2,913 

516 

93 

1,217 

4,711 

245 

487 

2,497 

1,132 

502 

2,142 

136 


85 

56 

87 

1,787 

347 

535 

68 
563 
432 
169 

34 

18 

2,385 

1,173 

213 

218 

494 

229 

173 

539 

1,326 

414 

594 

38 
1,393 

65 
154 

36 

91 
983 

19 

6,486 

224 

15 

3,796 

524 

92 

2,753 

250 

102 

19 

185 

1,021 

47 

48 
331 
290 
375 
360 

56 


4,064 
1,781 
1,671 

74, 906 
8,137 

25, 039 
3,445 

11,870 
8.527 
4,374 
1,349 
796 

65,411 
6,356 
8,255 
4,481 
5,148 
6,607 
9,071 

21,536 

76, 293 

15, 403 

14,411 
1,537 

19, 243 
1,804 
4,324 
565 
4,456 

60, 930 

1,060 

272, 226 

2,112 

1,027 

22, 674 
4,301 
4,958 

96, 046 

11,556 

2,218 

974 

4,644 

17, 654 
1,662 
2,547 
8,322 
9,731 
1,895 

23, 361 
973 


815 

371 

695 

11,520 

1,189 

2,907 

666 

2,450 

1,638 

1,319 

826 

305 

11,276 

2,051 

1,885 

1,746 

1,311 

2,514 

1,443 

4,932 

6,796 

3,884 

3,351 

697 

2,909 

459 

1,316 

131 

617 

7,935 

309 

43, 363 

1,457 

362 

5,308 

2,203 

956 

13, 368 

988 

642 

368 

1,415 

7,023 

333 

417 

1,950 

2,371 

857 

3,301 

253 


67, 2f 

25, 327 

37. 843 

950, 635 

91,090 

313, 125 

57, 420 

224, 398 

106, 106 

119,026 

40,911 

17, 342 

1, 030, 676 

193, 376 

118.460 

88, 466 

112,441 

108, 398 

69, 459 

292, 955 

811,631 

364. 431 

200, 972 

31,979 

334. 160 

34, 725 

77, 996 

11,506 

49, 224 

739. 548 

17. 104 

3, 169. 100 

118,403 

20, 605 

621, 552 

115, 264 

81,461 

1, 172, 897 

112,642 

41,116 

20, 088 

114,845 

381,517 

32,297 

27, 933 

143, 637 

152, 653 

82,040 

228, 944 

18,811 


1, 559 

537 

415 

26, 228 

2,687 

10, 672 

1,052 

3,467 

2,449 

2,838 

564 

247 

33, 056 

3,503 

2,437 

1,104 

2,961 

3,229 

2,457 

9,496 

24, 121 

10, 138 

6,947 

336 

8,352 

557 

1,599 

156 

1,341 

18, 724 

352 

104, 986 

1,512 

185 

15, 630 

1,985 

2,294 

28, 420 

3,726 

660 

212 

1,839 

6,189 

757 

573 

2,329 

3,247 

1,302 

6,057 

295 


310 

266 


Arizona.. 


Arkansas 


201 


California 


6,341 
617 


Colorado 


Connecticut . 


824 


Delaware 


467 


District of Columbia 

Florida 


627 
805 


Georgia 


703 


Hawaii 


266 


Idaho 


146 


Illinois 


4,745 
864 


Indiana.. 


Iowa 


507 


Kansas 


893 


Kentucky 


800 


Louisiana.. 


518 


Maine 


274 


Maryland 


1,106 


Massachusetts 


2,451 


Michigan 


2,246 


Minnesota 


807 


Mississippi 


237 


Missouri 


1,344 


Montana 


292 


Nebraska 


391 


Nevada.. 


91 


New Hampshire 


235 


New Jersey 


1,925 


New Mexico 


176 


New York 


11, 993 


North Carolina 


461 


North Dakota... 


183 


Ohio... 


2,420 


Oklahoma 


890 


Oregon _ 


499 




6,146 


Rhode Island 


661 


South Carolina 


233 


South Dakota 


166 


Tennessee 


496 




3,167 


Utah 


158 


Vermont 


111 




843 




610 


West Virginia 


367 




872 


Wyoming 


234 






Total 


276, 067 


31, 689 


961, 732 


167, 197 


13, 393, 825 


365, 782 


61.9S5 







For footnotes, see p. 78. 



78 



STATISTICS OF INCOME 



Table 6. — Individual returns for 1938 by States and Territories, showing sources 
of income and deductions, and net income — Continued 

[Thousands of dollars! 



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 

Total 



Deductions — Continued 



Net loss 
from 

partner- 
ship 



137 

86 
108 
2,461 
189 
296 

34 
179 
259 
337 

54 

22 
2,278 
360 
238 
250 
154 
246 

63 
365 
786 
586 
349 

92 
432 

46 
160 

34 

49 
776 

56 

12, 000 

286 

36 
823 
459 
124 
2, 326 
254 

38 

39 

219 

1,361 

33 

47 
293 
167 
119 
294 

35 



30, 435 



Interest 
paid { 



3,198 

890 

1,515 

36, 164 
2,688 

14. 069 
3,927 
8,507 
4,148 
5,655 
2, 317 
423 

34, 220 
6,002 
3,807 
2,969 
4,974 
4,349 
2,625 
9,684 

23,019 

13, 531 
6,499 
1,277 

13, 597 

838 

2, 558 

292 

1, 520 

29, 527 

557 

114.724 

6,187 

546 

25, 284 
4,849 
2,934 

52, 750 

3,823 

1,752 

562 

4,833 

17,124 
1,016 
882 
6,655 
4,142 
3,740 
9,856 
516 



507. 520 



Taxes 
paid * 



2,748 

917 

1,483 

35, 094 
3,616 

12,818 
2,306 
6,658 
4,630 
4,957 
1,699 
524 

33, 809 
7.568 
4,953 
3,969 
4, 424 
4,492 
2,990 
9, 631 

38, 123 

13,999 
7,798 
1,884 

12, 832 

893 

2,733 

321 

2,165 

28, 530 

530 

115.303 

5,552 

726 

22. 750 
5,119 
3,477 

40, 901 

4,651 

1,832 

968 

4, 398 
14,841 

1,064 
1,024 

5, 750 
4, 957 
1, 523 

11,826 
502 



506, 25S 



Contri- 
butions 



1,351 

277 

778 
11, 162 
1, 355 
6, 669 
1,228 
3, 763 
1,683 
2,496 

558 

161 
17,346 
3,703 
2,114 
1, 584 
2,402 
1,557 
1,392 
4,886 
14,958 
5,516 
4,077 

765 
7,191 

363 

1,449 

72 

756 
14,777 

161 
65, 514 
3,006 

349 

12,911 

1,917 

884 

26, 334 

2,575 

1, 160 

284 
2,446 
5,999 

573 

536 
3,702 
1,576 
1,414 
3,723 

196 



252, 251 



All other 



4,313 
1,503 
3,975 

47,831 
5,493 

10, 466 
2,871 
8, 401 
7,415 
7,146 
1,094 
1, 236 

56, 303 
9,775 
7,568 
5,919 
5,974 
7,198 
3,838 

13, 174 

25, 507 

25,285 

10, 744 
3,368 

18, 664 

1,858 

4.0S4 

7£7 

1,602 

26, 927 

1,005 

145, 689 

9, 125 

1,781 

30, 041 

10, 134 
5, 052 

45, 769 
4,363 
3,309 
1,337 
7,218 

33. 257 
J. 762 
.822 
6,430 
6,315 
4,149 

12, 161 
938 



Total 



13,617 

4,476 

8,476 

165, 281 

16, 645 

55,814 

11,883 

31,603 

21,388 

24, 133 

6, 553 

2,760 

181,757 

31,775 

21,624 

16, 689 

21,688 

21,589 

13, 640 

48,342 

128,964 

71,300 

37, 221 

7,958 

62,411 

4, 848 

12, 974 

1,733 

7,669 

121,187 

2,836 

570, 209 

26, 730 

3,805 

109, 858 

25, 355 

15, 262 

202, 647 

20, 053 

8,985 

3, 568 

21,450 

81,939 

5, 363 

3,995 

26, 003 

21,014 

12,615 

44, 790 

2,715 



660,956 2,385,187 



Net income 



53, 673 
20, 852 
29, 367 

785, 354 
74, 446 

257,311 
45, 537 

192, 795 
84,718 
94,893 
34, 358 
14,582 

848,919 

161,600 
96, 836 
71,777 

90, 754 
86, 809 
55,819 

244, 613 
682, 667 
293,131 
163, 751 

24, 021 
271, 748 

29, 877 

65, 023 
9,772 

41,556 
618, 362 

14, 269 
2, 598. 891 

91, 673 
16, 800 

511,694 
89, 909 
66, 199 

970, 251 

92, 5?0 
32, 131 
16,519 
93, 395 

299, 578 
26. 933 
23.-S37 

117,635 

131,640 
69, 426 

184,154 
16. 096 



11, 008, 638 



i For explanation of item see p. 9. 

8 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. 217. 

3 Includes Alaska. 

1 Interest received on Liberty 4- and 4J4-percent bonds and Treasury bonds on a principal amount in 
excess of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22 form 1040^ 
p. 228.) 

f Excludes amounts reported under schedule A as business deductions. 



STATISTICS OF INCOME 



79 



Table 7. — Individual returns for 1983 by net income classes, showing sources of 
income and deductions, and net income 

[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] 









Sources of income 






Net income classes 


Salaries, 
wages, 

commis- 
sions, 

fees, etc. 


Business 


Partner- 
ship! 


Profit from sale of 
real estate, stocks, 
bonds, etc. 


Rents 

and 

royalties 


Dividends 
on stock of 




Reported 

for tax on 

capital 

net gain J 


All other 


domestic 
corpora- 
tions 




5, 551, 709 

345. 636 

232, 890 

169, 774 

126. 354 

102. 380 

78. 084 

64, 908 

53, 340 

45,534 

39. 103 

134, 546 

89, 761 

66, 038 

87.464 

53. 827 

36. 078 

24, 496 

15,479 

12, 058 

9,939 

21.899 

8, 9»2 

4.017 

2.849 

2. 230 

2 803 

1,933 

399 

1,403 

7E0 

590 

1 


1, 009, 108 

73, 527 

50.284 

36, 720 

27, 933 

22, 967 

17,001 

14, 367 

11,331 

10,087 

8,745 

29,745 

19.517 

13, 995 

17,826 

11.780 

7.492 

4,754 

3.631 

2,362 

1,266 

3. 927 

1,531 

418 

824 

597 

19 

407 

673 

2 

85 


201, 794 

34, 864 

27. 478 

21, 752 

18, 102 

15, 549 

13, 298 

11,891 

10, 602 

8.993 

7.994 

30. 568 

25. 087 

20, 618 

30, 81 1 

22, 678 

18. 580 

13, 095 

8. 453 

6,917 

6.297 

20. 255 

8,261 

7.224 

4.170 

4, 062 

792 

2,201 

24 

1,201 

108 




110.880 

20, 902 

17.627 

15. 705 

13,308 

12,148 

9.686 

8, 671 

7,987 

7,344 

6,898 

26, 158 

19,933 

17,071 

25. 527 

17,484 

13. 434 

10. 055 

6.415 

6,033 

4, 964 

14,374 

6,5.3 

3. 588 

2.028 

3.221 

2.244 

2,463 

2,042 

394 

272 

4,136 

18 

26 


323. 740 

19, 689 

13.670 

10, 172 

8.086 

6,721 

5, 535 

4,411 

3, 868 

3.663 

2,881 

10. 098 

7,124 

5,327 

7,040 

4. 544 

2,516 

1,678 

1,526 

1,127 

721 

1,373 

466 

447 

508 

31 

9 

715 

178 

2 

10 


359, 180 


5-6 




60, 361 


6-7... 




50, 667 


7-8... -- 




44,918 


8-9 . 




39. 800 


9-30... 




36. 670 


10-11... 




33. 974 


11-12... 




30, 002 


12-13... 




26, 573 


13-14 .. 




26. 253 


14-15 




24. 207 


15-20... 


488 
1,324 
2,339 
6,044 
6. 655 
4,421 
5.049 
3.482 
3.816 
2,816 

13.171 
8.2S2 
6.770 
6, 640 
0.302 
5.884 
6.383 
6, 465 

15, 329 
5, 570 
4, 2?2 
469 
4,192 
7.473 


90.041 


20-25 


65. 460 


25-30 


55, 459 


30-40... 


87, 797 


40-50 


71,711 


50-60 


55. 588 


60-70 


45, 503 


70-80 


32. 556 


80-90 


26,921 


90-100. 


20, 847 


150-200 


64. 292 
41.861 


200- 2 r 


23. 600 


250-300 


16. 431 


300-400 


16.129 


400-500 


16.517 


500-750 


26. 235 


750-1,000 


14. 757 


1,000-1,500. 


23. 193 


1,500-2.000 


5.579 


2.000-3,000 . 


19, 804 


3,000-4,000 .. 






8 


3, 538 


4,000-5,000 . 






645 










( 3 ) 


1,306 














Total 


7, 300, 356 


1, 402. 923 


603, 725 


133,616 


419, 591 


447, 883 


1, 559, 046 







For footnotes, see p. 81. 



80 



STATISTICS OF INCOME 



Table 7. — Individual returns for 1933 by net income classes, showing sources of 
income and deductions, and net income — Continued 

[Money figures and net income classes in thousands of dollars] 







Sources of income- 


Continued 




Deductions 


Net income classes 


Fiduci- 
ary ' 


Interest 
on Gov- 
ernment 

obliga- 
tion? not 

wholly 

exempt 
from tax i 


Other 
taxable 
interest 


Other 
income 


Total 
income 


Net loss 

from sale 
of real 
estate, 
stocks, 
bonds, 
etc., 
other 
than 

reported 
for tax 

credit on 
capital 

net loss 2 


Net loss 

from 1 

business 




93. 333 

15.S23 

12.477 

10, 673 

9, 589 

8,704 

7,421 

6,742 

5, 572 

5,319 

4,918 

18,738 

14, 140 

11.245 

14. 925 

9,900 

5,301 

5.007 

2,839 

2,159 

1,944 

3, 056 

1,341 

1,097 

483 

1,041 

997 

420 

362 

460 

35 

( 3 ) 


2.~8il" 

2.334 

1,952 

1,687 

1,586 

1,417 

1,213 

1,036 

1,050 

833 

3,196 

2,136 

1,559 

2.220 

1,691 

983 

839 

343 

303 

213 

800 

354 

452 

188 

88 

68 

94 

30 

157 

(') 

49 
( J ) 


539. 001 

46. 774 

36. 327 

29,011 

23. 246 

20. 479 

17.580 

14. 800 

12.076 

11,360 

10.373 

35. 329 

20, 481 

20.971 

30.184 

19. 697 

13. 248 

9, 523 

6, 766 

4,620 

3. 574 

9.693 

6,033 

3,788 

1, 966 

1,580 

1,309 

1,947 

778 

734 

110 

1,097 

557 

32 

90 


97. 541 

7, 796 

6. 156 

4. 551 

3.607 

3,118 

2. 660 

2.008 

2,111 

1, 643 

1, 369 

5,682 

4.417 

3,211 

4,032 

3,310 

2.231 

1,213 

1,372 

912 

669 

2,199 

828 

674 

444 

1,237 

169 

828 

469 

545 

133 

37 

9 

1 

8 


8, 286. 286 

628, 183 

449.910 

345, 229 

271.713 

230, 322 

186, 656 

159,015 

135, 095 

121,253 

107,441 

385,189 

275, 385 

217,832 

313.876 

223. 278 

159, 872 

121.217 

82, 892 

67, 227 

53, 250 

158,041 

84, 464 

52, 075 

36. 530 

36, 520 

30,810 

43, 629 

26, 176 

43, 425 

12, 693 

29, 965 

4, 602 

4,896 

8,877 


212.822 

26. 172 

22.201 

17,911 

14,651 

12. 107 

9.925 

7. 392 

5. 854 

4.818 

3,913 

9.941 

3. 850 

2,378 

2.201 

2,302 

1,191 

805 

398 

311 

453 

1, 154 

1, 158 

480 

111 

224 

500 

154 

138 

118 

1 

42 


35. 193 


6-6 


2.470 


6-7 


2. 036 


7-8 „_ 


1,461 


8-9 


1,243 


9-10 


1,249 


10-11 


801 


11-12 .. 


678 


12-13 


789 


13-14 


620 


14-15 


603 


15-20 


1,972 


20-25 


1,404 


25-30 


1,209 


30-40 


2. 251 


40-00 


1,244 


50-60 


C98 


60-70 


467 


70-S0 


476 


80-90 


341 


90-103 


126 


100-150 . 


801 


150-200... 


769 


200-250 


677 


250-300 


480 


300-400 


358 


400-500 


224 


500-750 


971 


750-1,000 


250 


1,500-2,000 


135 
21 


2,000-3.000 




3,000-4,000 




4,000-5,000 




99 
3 


45 








16 










Total 


276, 067 


31. 689 


961, 732 


167. 197 


13, 393, 825 


365, 782 


61, 985 







For footnotes, see p. 81. 



STATISTICS OF INCOME 



81 



Table 7. — Individual returns for 19SS by net income classes, showing sources of 
income and deductions, and net income — Continued 

[Money figures and net income classes in thousands of dollars] 



Net income classes 



Under 5 (est.). 

6-6 

6-7 

7-8 



(MO 

10-11 

11-12 

12-13 

13-14. 

14-15 

15-20 

20-25 

25-30 

30-40 

40-50 

50-f.O 

60-70 

70-80 

80-90 

00-100 

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 

3,000-1,000 

4,000-5,000 ... 
6,000 and over. 

Total- 



Deductions — C ontinued 



Net loss 
from 

partner- 
ship 



S3S 
207 
914 
702 

054 
661 

490 
3S5 
370 
212 
207 
205 
940 
405 
807 
474 
551 
664 
169 
1st 
191 
577 
621 
961 
318 
306 
183 
MW 
331 
18 



30, 435 



Interest 
paid « 



299, 209 

28, 964 

20, 059 

15,244 

11,904 

10, 298 

8,092 

6,263 

5,430 

5,243 

4,488 

15,549 

10. 730 

8.605 

12, 278 

8.821 

6.163 

4, 556 

3,344 

2,409 

1,595 

5.136 

2,226 

1,368 

1,785 

2,028 

1.186 

1,224 

599 

1,310 

188 

1, 088 

131 



507, 520 



Taxes 
paid' 



306, 180 

23, 801 

17. 187 

13.205 

10, 656 

8,943 

7,338 

6,771 

5,169 

5,051 

4,087 

15.329 

10.241 

8,311 

11.892 

8,753 

6, 150 

5.3S2 

3,760 

2.945 

2,729 

6,383 

3,518 

2,419 

1,083 

930 

1,246 

2,279 

802 

1,222 

366 

1,061 

320 

88 

61 



506, 258 



Contri- 
butions 



141,032 

12, 052 

8.598 

6, 647 

5, 267 

4,495 

3,645 

3,208 

2,640 

2,383 

2,101 

7, 054 

5.713 

4,443 

7.168 

5,191 

3,996 

2,970 

2,174 

1,773 

1,392 

4,644 

2. 600 

1,051 

1,083 

1,035 

974 

1,388 

1,225 

1,472 

148 

799 

598 

82 

10 



252, 251 



All other 



415,891 

26,617 

19, 477 

14,931 

12. 634 

10. 864 

8,793 

6, 962 

6,728 

5,830 

5, 145 

18. 585 

12,311 

10. 184 

14.860 

11,054 

8, 351 

6, 030 

4, 125 

3. 968 

2.572 

10. 1S8 

3,811 

2, 537 

3,696 

1,539 

2,025 

2.049 

1, 050 

946 

187 

6,791 

168 

49 



660, 956 



Total 



1, 425, 166 

121,282 

90. 472 

70. 102 

57,008 

48. 616 

39,092 

31, 659 

26. 979 

24,163 

20, 543 

70. 325 

45,188 

35. 624 

51.518 

37. 839 

27.100 

20. 873 

14.446 

11.932 

9.058 

28,882 

14, 704 

9, 994 

9,156 

6,421 

6,339 

8,709 

4, 395 

5,221 

912 

9,782 

1,216 

371 



2, 385, 187 



Net income 



6,861,120 

506, 901 

359, 433 

275, 127 

214.704 

181.705 

147.565 

127.355 

108. 1 16 

97, 090 

80, 893 

314.864 

230, 197 

182,208 

262, 359 

185. 439 

132. 773 

100. 3 13 

68, 446 

55, 295 

44, 192 

129. 159 

69. 759 

42, 081 

27. 374 

30, 100 

24.471 

34, 920 

21,781 

33, 2C3 

11,782 

20. 183 

3,386 

4,524 

8.780 



11,003,638 



1 For explanation of item see p. 9. 

> 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. 217. 

' Less ! nan $500. 

* Interest received on Liberty 4- and 4'^-percent bonds and Treasury bonds on a principal amount in 
e\c p< 5< of $5,000, which is subject to surtax if the net income is over $6,000. (See items 9 and 22, Form 1040, 
p. 228.) 

* Excludes amounts reported under schedule A as business deductions. 



82 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1933 of net income of $5,000 and over — Fre- 
quency distribution of number of returns with business (other than partnerships) 
and amount of net profit and net loss from business by size of net profit and net 
loss and by industrial groups l 

{For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-5] 







Industria 


groups 




Size of net profit and net loss from business 
(Thousands of dollars) 


Aggregate 


Net profit 


Net loss 




Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 


Under 0.1 


790 

731 

549 

492 

435 

1,768 

2,765 

2,459 

2,637 

3,453 

23, 377 

5,583 

2,003 

992 

541 

530 

242 

219 

67 

42 

3 

2 


$37, 134 

107, 496 

136, 181 

170.608 

193. 430 

1,299.871 

4, 090, 727 

6,103,385 

9,268,913 

15, 648, 858 

161,860,923 

67,159,340 

35, 400, 768 

21,977,279 

14,808,012 

18, 155.614 

10, 783, 246 

13,138.981 

5, 742, 710 

5, 470, 665 

1,071,137 

1,189,476 


474 

462 

426 

367 

359 

1,416 

1,533 

863 

562 

306 

716 

218 

94 

48 

34 

33 

22 

19 

9 

6 

2 

1 


$24, 849 


0.1-0.2 


68,215 


0.2-0.3 - 


105, 391 


0.3-0.4 


128, 386 


0.4-0.5 


160. 871 


0.5-1 -. 


1,036,500 


1-2 


2, 236, 921 


2-3 


2. 132, 142 


3-4 


1, 938. 927 


4-5... 


1, 366, 589 


5-10 


4, 958, 985 


10-15. 


2, 047. 124 


15-20 


1. 594, 775 


20-25 


1, 063, 680 


25-30 


939,215 


30-40... 


1, 133, 833 


40-50 


986, 309 


50-75.. 


1,207,618 


75-100 


800, 972 


100-250 


690.211 


250-500 .. 


800. 467 


600-1,000 


769, 401 
















Total for returns of net income of $5,000 and 


49, 740 


393, 814, 754 
1, 009, 108, 219 


7,970 
(») 


26, 791, 381 


Total for returns of net income under $5,000 
for which no frequency distribution by busi- 
ness and by net profit and net loss is available.. 


35.193,332 


Grand total 


( 2 ) 


1, 402, 922, 973 


W 


61, 984, 713 







For footnotes, see p. 87. 



STATISTICS OF INCOME 



83 



Table 8. — Individual returns for 1983 of net income of $5,000 and over — Fre- 
quency distribution of number of returns with business (other than partnerships) 
and amount of net profit and net loss from business by size of net profit and net 
loss and by industrial groups ' — Continued 





Industrial groups— Continued 


Size of net profit and net 


Agriculture and related industries 


Mining and quarrying 


loss from business 
(Thousands of dollars) 


Net profit 


Net loss 


Net profit 


Net loss 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


153 

137 

86 

78 

71 

203 

253 

174 

150 

178 

980 

169 

75 

34 

12 

11 

10 

5 


$7, 248 

20. 390 

21. 173 

27, 619 

31.401 

145, 444 

366, 527 

432, 751 

523, 435 

807,041 

6,512,418 

2,019,701 

1,301,054 

763, 133 

333. 267 

395. 371 

435, 602 

289, 512 


162 

180 

182 

172 

178 

650 

820 

460 

307 

159 

390 

128 

60 

27 

26 

16 

10 

13 

4 

5 

1 


$9, 208 
26, 781 
45, 100 
60, 772 
80, 131 
482, 880 

1, 213, 532 
1, 136, 202 
1, 058, 791 

709, 365 

2, 739, 203 
1, 544, 216 
1, 025, 985 

596, 591 
717, 182 
537, 755 
454, 059 
813. 459 
357, 621 
586, 769 
351,088 


19 

15 

12 

8 

9 

33 

40 

26 

29 

28 

177 

64 

26 

8 

11 

12 

10 

6 

4 

2 


$943 

2,119 

2,979 

2,809 

4,112 

21, 770 

67, 491 

65, 078 

100, 397 

127,228 

1,248,816 

780, 242 

464,116 

175,711 

296, 749 

410,503 

438, 822 

376, 266 

364, 430 

259,034 


11 

13 

18 

7 

7 

20 

28 

16 

13 

8 

19 

10 

5 

5 

1 


$506 


0.1-0.2 


1,890 


0.2-0.3 


4,409 


0.3-0.4 


2,438 


0.4-0.5 


3,078 


0.5-1 


14, 049 


1-2 


41,292 


2-3 


38, 515 


3-4 


43, 807 


4-5 


35, 694 


5-10 


133. 444 


10-15. 


114.080 


15-20 


83, 827 


20-25.. 


107, 896 


26-30.. 


29, 149 


30-40 




40-50 


1 


44,336 


50-75 




75-100 






100-250 










250-500 










500-1,000... 


















































Total. 


2,779 


14, 432, 987 


3,950 


14, 546, 690 


539 


5, 199, 645 


182 


698, 410 









Industrial groups— Continued 


Size of net profit and 
net loss from business 

(Thousands of dollars) 


Manufacturing 


Construction 


Net profit 


Net loss 


Net profit 


Net loss 




Num- 
ber of 
leturns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


13 

14 

9 

15 

15 

63 

90 

98 

115 

164 

1,363 

357 

129 

61 

53 

47 

30 

18 

12 

4 

1 

1 


$584 

2,035 

2,223 

5,223 

6,808 

45, 497 

134, 802 

241, 178 

401,457 

745, 763 

9, 459, 515 

4, 305, 592 

2, 187, 703 

1, 377, 040 

1,455,919 

1, 598, 220 

1, 353, 772 

1,056,711 

1, 058, 635 

520, 543 

406, 452 

673, 255 


21 

16 

13 

10 

7 

42 

49 

22 

16 

5 

31 

8 

1 

2 

2 

2 


$916 

2,538 

3,035 

3,503 

3,035 

30, 370 

68,928 

55, 862 

54, 848 

22, 461 

210, 671 

97, 058 

16, 038 

46,288 

56, 165 

74, 295 


9 

4 

2 

1 

8 

24 

48 

39 

44 

54 

331 

111 

36 

15 

11 

17 

8 

2 


$564 

668 

526 

353 

3,602 

18, 166 

70. 364 

96, 121 

156, 298 

243, 025 

2,242.117 

1, 320, 913 

629, 198 

338, 951 

298, 759 

576, 991 

369, 698 

110, 082 


3 
4 
7 
2 
2 
7 
7 
9 
9 
9 
14 
1 
1 


$109 


0.1-0.2 


463 


0.2-0.3 


1,782 


0.3-0.4.. 


679 


4-0.5 


859 


0.5-1 


5,567 


1-2 


11,334 


2-3 


21,063 


3-4 


31,883 


4-5... 


39, 479 


5-10... 


91, 448 


10-15 


13, 625 


16-20 


17, 004 


20-25 




25-30 






30-40 


1 


30, 000 


40-50 




50-75 


1 


71,035 






75-100 






100-250 














250-500 














500-1.000 














































Total 


2,672 


27, 038, 927 


248 


817, 046 


764 


6, 476, 396 


76 


265, 295 







For footnotes, see p. 87. 



84 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1933 of net income of $5,000 and over— Fre- 
quency distribution of number of returns with business (other than partnerships) 
and amount of net profit and net loss from business by size of net profit and net 
loss and by industrial groups 1 — Continued 





Industrial groups— Continued 


Size of net profit and net 
loss from business 

(Thousands of dollars) 


Transportation and other public 
utilities 


Trade— Retail 


Net profit 


Net loss 


Net profit 


Net loss 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


8 

6 

6 

3 

6 

22 

39 

25 

31 

56 

464 

71 

28 

21 

5 

6 

1 

2 


$493 

857 

1,167 

960 

2,713 

17, 162 

57, 432 

62, 634 

108, 140 

253, 448 

3, 146, 101 

841,754 

477, 884 

470, 363 

129, 77S 

169, 979 

41,538 

105, 219 


3 
2 
5 
4 
3 
12 
19 
6 
4 
1 
9 
5 
1 


$91 

316 

1,185 

1,344 

1, 235 

9, 395 

27, 754 

15,405 

13,534 

4, 293 

64, 695 

59, 066 

15,793 


185 

79 

71 

55 

68 

265 

518 

533 

603 

787 

4, 669 

828 

264 

128 

64 

60 

21 

14 

5 

4 


$7, 897 
11,78.5 
17,553 
19, 027 
30, 132 
199,631 
771,392 
1, 333, 529 

2, 132,602 

3, 568, 422 
31,578. 101 

9, 961, 870 

4, 524. 596 
2, 818. 204 
1.758.S06 
2,001,746 

928.521 
848, 596 
400. 100 
486, 764 


79 

58 

45 

42 

42 

173 

101 

83 

62 

32 

70 

13 

8 


$3,477 


0.1-0.2 


8,381 


0.2-0.3 -. 


11,456 


0.3-0.4 


14.171 


0.4-0.5 


18,802 


0.5-1 


120.543 


1-2.. 


234. 550 


2-3 


203, 3G0 


3-4... 


217.281 


4-5 


141,809 


6-10 


474, 146 


10-15 


152, 793 


15-20 


131,761 


20-25 




25-30 










30-40 










40-50 






2 


87, 316 


60-75 








75-100 










100-250 


















































































Total 


798 


5, 887, 682 


74 


214, 107 


9,221 


63, 459, 274 


870 


1, 825, 906 








Industrial groups— Continued 


Size of net profit and net 


Trade— W holesale 


Trade— Whole 


sale and retail 


(Thousands of dollars) 


Net profit 


Net loss 


Net profit 


Net loss 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


8 
10 
2 


$328 

1,551 

469 


6 
2 


$304 
254 


2 


$137 






1-0 2 






2-0 3 










0.3-0.4 


2 
6 
15 
18 
13 
8 
5 
13 
2 


707 
2, 50S 
11,132 
25,017 
32, 244 
28, 101 
22, 653 
91,894 
25, 116 


1 


361 


1 


$377 


4-0.5 


4 

27 

56 

62 

59 

88 

837 

235 

82 

52 

24 

24 

12 

13 

5 

2 


1,809 

19, 773 

84, 348 

152, 261 

204, 965 

402, 172 

5, 873, 683 

2, 827, 216 

1,418,765 

1, 166. 105 

649, 627 

781, 106 

544, 341 

747, 426 

420, 832 

284, 887 




0.5-1 


5 
9 

11 

23 

158 

32 

11 

4 

5 

o 


4,251 
13, 798 
17, 601 
37, 570 

104.841 
1, 084, 720 

384, 422 

177. 655 
86, 851 

138,515 
66, 959 


3 
3 
2 
2 
1 
1 
1 


1,880 


1-2 


5,228 


2-3 


5,637 


3-4. 


6,790 


4-5.. 


4,805 


6-10 

10-15 


7, 4S4 
12, 493 


16-20 




20-25 










25-30 










30-40 .. 






1 


37, 651 


40-50 








50-75 














75-100 














100-250 














250-500 














500-1,000 






















































Total 


1,602 


15. 581, 664 


90 


239, 990 


270 


2, 117, 690 


15 


82, 345 







For footnotes, see p. 87. 



STATISTICS OF INCOME 



85 



Table 8.: — Individual returns for 1938 of net income of $5,000 and over — Fre- 
quency distribution of number of returns with business (other than partnerships) 
and amount of net profit and net loss from business by size of net profit and net 
loss and by industrial groups 1 — Continued 





Industrial groups— Continued 


Size of net profit and net 
loss from business 

(Thousands of dollars) 


Service 


—Domestic (laundries, hotels, 
restaurants, etc.) 


Service— Amusements 


Net profit 


Net loss 


Net profit 


Net loss 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 

returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


3 

13 

6 

3 

6 

28 

35 

37 

46 

52 

298 

52 

14 

6 

4 

2 


$139 

2,027 

1,683 

1,013 

2,725 

21, 338 

50. 003 

94, 035 

160, 360 

235, 319 

1,958,372 

635, 262 

237, 626 

135, 859 

109, 459 

63, 109 


9 

8 

8 

4 

5 

29 

29 

15 

7 

3 

11 

5 

2 


$622 

1,168 

2.049 

1,431 

2,215 

21,963 

40. 566 

37. 929 

23, 977 

12.806 

75, 657 

65,417 

32, 500 


3 

1 

3 

3 

2 

18 

31 

18 

20 

20 

174 

55 

22 

14 

7 

10 

4 

7 

1 


$161 

123 

733 

1,050 

897 

13, 701 

49, 402 

45, 085 

70, 367 

90, 423 

1, 213. 893 

652, 482 

378, 127 

312,420 

184,835 

344, 452 

178. 845 

424, 288 

85, 680 


3 
3 
6 
5 
5 

30 

21 

13 

16 

7 

21 

6 

2 

3 

3 

3 

4 

4 


$126 


0.1-0.2 -- 


439 


0.2-0.3 


1,503 


0.3-0.4 


1, 608 


0.4-0.5 


2.381 


0.5-1 - 


22. 479 


1-2 


30, 248 


2-3.. 


30, 896 


3-4. 


54, 778 


4-5.. 


32, 403 


5-10 


141,442 


10-15. 


81,429 


15-20 


34, 540 


20-25 .. 


68, 807 


25-30 ... 






79, 049 


30-40 ._ 







109. 303 


40-50 


1 


49, 417 


177,454 


50-75 ... 






269, 419 


75-100 












































500-1.000 






1 


769, 401 










































Total 


605 


3, 708, 329 


137 


1, 137, 118 


413 


4, 046, 964 


155 


1, 138, 304 













In: 


.ustrial croups— Continued 






Size of net profit and net 
loss from business 

(Thousands of dollars) 


Service — Curative (medicinal and all 
other) 


Service — Educational 


Net profit 


Net loss 


Net profit 


Net loss 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


64 

68 

59 

60 

48 

242 

458 

487 

591 

820 

6,194 

1,353 

410 

157 

72 

35 

17 

9 

1 

2 


$3, 035 

10, 240 

14,882 

20, 895 

21, 381 

181, 394 

683, 482 

1, 213, 595 

2, 089, 727 

3,717,239 

43,170,540 

16,181,875 

7, 007, 204 

3,441,636 

1, 968, 390 

1, 228, 136 

762, 235 

535, 800 

83, 477 

210, 392 


32 

31 

28 

23 

17 

93 

60 

34 

13 

7 

9 

1 

2 

1 


$1,743 
4,530 
6,790 
8,131 
7, 366 
65,612 
85, 463 
82,006 
45, 806 
31, 092 
66, 896 
12,516 
32, 767 
21, 175 


43 

31 

31 

26 

8 

54 

78 

42 

39 

44 

407 

103 

63 

19 

19 

26 

12 

14 

7 

2 


$2, 218 

4,249 

7,433 

9, 056 

3,397 

36. 171 

117.231 

104, 772 

136,899 

198,118 

2,910,859 

1, 253, 543 

1,077,118 

427, 348 

512, 713 

899, 058 

540, 456 

859, 918 

600, 586 

248, 634 


17 

19 

10 

8 

12 

29 

23 

14 

9 

2 

5 

1 

1 


$1,061 


0.1-0.2 


2,727 


0.2-0.3 


2, 451 


0.3-0.4... 


2,758 


0.4-0.5... 


5,468 


0.5-1 


22. 000 


1-2 


34, 367 


2-3 


33, 707 


3-4 


29, 871 


4-5 


9,052 


5-10 


36,118 


10-15 


11,199 


15-20. 


16, 116 






25-30 






30-40 




















50-75 










75-100 










100-250 
























































Total 


11, 147 


82, 545, 555 


351 


471,893 


1,068 


9, 949, 777 


150 


206, 895 







For footnotes, see p. 87. 



86 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1983 of net income of $5,000 and over — Fre- 
quency distribution of number of returns with business (other than partnerships) 
and amount of net profit and net loss from business by size of net profit and net 
loss and by industrial groups 1 — Continued 





Industrial groups— Continued 


Size of net profit and net 


Service— Engineering 




Service- 


-Legal 




loss from business 
(Thousands of dollars) 


Net profit 


Net loss 


Net profit 


Net loss 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


19 

18 

14 

10 

7 

41 

37 

29 

40 

39 

222 

87 

26 

10 

11 

10 

8 

2 

5 

2 


$793 

2,673 

3,407 

3,326 

3,164 

30, 264 

52, 275 

69, 476 

136, 251 

177, 576 

1, 573, 470 

1, 049, 654 

446, 830 

222, 628 

304, 141 

332, 863 

364, 942 

114,582 

441,227 

237, 688 


12 
15 
15 
14 

4 

39 
29 
14 
10 

2 
13 

4 


$580 

2,137 

3,434 

4,856 

1,743 

27, 051 

42, 003 

35, 864 

34, 532 

9, 439 

84, 765 

52, 334 


142 

127 

99 

94 

96 

298 

521 

404 

403 

476 

3,276 

1,079 

475 

249 

132 

134 

66 

70 

17 

14 

2 

1 


$6, 737 

18, 928 

24,239 

32, 421 

42, 801 

216, 576 

770. 398 

989, 098 

1,412,221 

2, 154, 009 

23, 194, 509 

13, 066, 686 

8, 130, 520 

5, 513. 699 

3, 599, 279 

4, 614, 703 

2, 914, 258 

4, 248, 566 

1,467,717 

1, 893, 485 

664, 685 

516, 221 


41 
43 
26 
16 
28 
77 
65 
34 
11 
13 
12 
2 


$2, 159 


0.1-0.2 


6,531 


0.2-0.3 - 


6,492 


0.3-0.4 


5,675 


0.4-0.5 


12,841 


0.5-1... 


53, 988 


1-2.. 


91,939 


2-3.. 


83, 943 


3-4 


37, 807 


4-5 


57, 865 


6-10 


86,014 


10-15 


21, 800 


15-20.... 




20-25 


1 


22, 236 


1 


22, 175 


25-30 .. 




30-40.... 


2 


69, 348 






40-50 






50-75 










75-100 










100-250.... 










250-500 










500-1,000 














































Total. 


637 


5, 567, 230 


174 


390, 322 


8,175 


75, 491, 756 


369 


489, 229 







Industrial groups— Continued 


Size of net profit and net 


Service— All other 


Finance — Investment brokers 


loss from business 


Net profit 


Net loss 


Net profit 


Net loss 


(Thousands of dollars) 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 


13 

34 

32 

18 

16 

68 

89 

102 

116 

154 

1,203 

280 

101 

48 

13 

18 

4 

9 


$589 

4,937 

8,090 

6,112 

6,908 

49, 033 

128, 829 

255, 619 

403, 388 

698, 720 

8, 355, 363 

3, 351, 874 

1, 729, 251 

1,068,917 

362, 035 

598, 124 

1.76,562 

534, 320 


6 
8 
6 
1 
6 
27 
26 
12 
4 
4 
11 


$297 

1,177 

1,383 

350 

2,276 

19, 373 

35, 279 

29, 556 

13, 889 

18, 347 

74, 932 


4 
3 
2 
8 
5 

16 
28 
24 
30 
42 
179 
90 
62 
35 
23 
39 
21 
24 
5 
4 


$189 

344 

480 

2,758 

2,277 

12,112 

40, 553 

57, 450 

106, 055 

188, 584 

1, 325, 688 

1, 092, 743 

1,056,021 

780, 998 

627,912 

1, 330, 592 

936, 108 

1,464,470 

403, 393 

521, 804 


1 

5 

4 

5 

4 

16 

18 

11 

5 

3 

13 

2 

4 

1 

1 

3 

2 

1 

3 


$84 


0.1-0.2 


794 


0.2-0.3 


1,008 
1 897 


0.3-0.4. 


0.4-0.5 


1,697 


0.5-1 


11,525 


1-2... 


24, 943 


2-3 


28 431 


3-4 


17 775 


4-5. 


13, 190 


5-10 


94, 521 


10-15 


23 878 


15-20.... 






70, 425 
21 694 


20-25.... 






25-30 






29, 316 
108, 512 
87 745 


30-40 






40-50... 






50-75 






53 705 


75-100 






258, 904 


100-250 










250-500 










1 


449, 379 


500-1,000 














1,000 and over 




































Total 


2,318 


17, 738, 677 


110 


196, 859 


644 


9, 950, 531 


103 


1, 299, 423 



For footnote see p. 87. 



STATISTICS OF INCOME 



87 



Table 8.— Individual returns for 1933 of net income of $5,000 and over — Fre- 
quency distribution of number of returns with business (other than partnerships) 
and amount of net profit and net loss from business by size of net profit and net 
loss and by industrial groups 1 — Continued 





Industrial groups— Continued 


Size of net profit and net 
loss from business 

(Thousands of dollars) 


Finance— Real estate 


Finance— All other 


Net profit 


Net loss 


Net profit 


Net loss 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 0.1 .. 


12 
17 
15 
13 
10 
47 
52 
35 
42 
39 
195 
47 
16 
7 
3 
4 


$668 

2,443 

3,874 

4,553 

4,528 

35, 344 

77, 472 

86, 492 

150, 155 

174, 848 

1, 326. 027 

561,902 

274, 253 

155, 587 

85, 575 

132, 329 


13 
10 

7 
15 

4 
31 
33 
23 
17 

9 
18 

6 


$735 

1,606 

1,768 

5,268 

1,842 

23, 967 

47, 186 

59,411 

57, 267 

40, 573 

129, 523 

70, 035 


36 

40 

23 

35 

19 

109 

120 

118 

113 

144 

1,028 

293 

113 

67 

42 

40 

13 

15 

3 

3 


$1,928 

5,637 

5,700 

12, 166 

8,421 

82. 134 

180, 561 

292, 364 

394, 072 

652, 049 

7,214,123 

3, 546, 659 

1,951,712 

1, 471, 999 

1, 156, 570 

1, 387, 201 

571, 309 

866, 267 

260, 152 

490, 305 


15 
6 
6 
9 
6 
24 
30 
11 
13 
11 
9 
5 
2 
1 


$756 
944 
1,504 
3.025 
2,730 


0.1-0.2 


0.2-0.3 


0.3-0.4 


0.4-0.5 


0.5-1 


1-2 


41, 175 
27 649 


2-3 


3-4 


44, 495 
48, 498 
53 4 9 


4-5 


5-10 


10-15 


59, 048 
33, 371 
23, 202 


15-20 - 


20-25 - 


1 
1 
1 


20, 829 
28, 354 
31, 018 


25-30 


30-40 ... 


1 


34,875 


40-50...- 


50-75 














75-100 


1 

2 


79, 483 
206, 036 


1 


98, 031 






100-250 - 






250-500 -.- 










500-1,000 .- 






















































Total 


557 


3, 361, 569 


190 


617, 413 


2,374 


20, 551, 329 


149 


390, 679 






nd net loss from bus 
inds of dollars) 


iness 


Industrial groups— Continued 


Size of net profit a 


Nature of business not given 


(Thous 


Net profit 


Net loss 




Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 


Under 0.1 


1, 


54 
114 
78 
61 
37 
205 
263 
199 
155 
245 
222 
277 
110 
57 
30 
34 
5 
9 
1 
1 


$2, 483 

16, 490 

19, 570 

21,006 

16, 354 

150, 107 

384, 367 

494, 246 

544, 554 

1, 110, 033 

8, 472, 542 

3, 324, 950 

1, 931, 135 

1, 249, 830 

835, 683 

1, 164, 172 

226, 237 

556, 952 

76, 998 

111,063 


40 
39 
40 
27 
24 
99 
94 
71 
36 
25 
47 
18 
5 
5 


$2, 075 


0.1-0.2 

0.2-0.3 


5,539 
10,042 


0.3-0.4 


9,396 


0.4-0.5 -- --. 


10, 604 


0.5-1 --. 


70, 739 


1-2 


136, 117 


2-3 


174, 461 


3-4 


123, 695 


4-5 


112, 705 


5-10 

10-15 

15-20 .-. 


302, 712 
231, 021 
84, 648 


20-25 


112, 787 


25-30 








30-40 

40-50 


3 
2 


101, 076 
85, 982 


50-75 




75-100 


1 
1 


86, 416 


100-250 


103, 442 








































Total 


3, 


157 


20, 708. 772 


577 


1. 763. 457 



















1 This table excludes income from salaries, wages, commissions, fees, etc., as shown in item 1 on face of 
return. 
' Not available. 



88 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1938 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— 
12J4 per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12,4 per- 
cent on 
capital 
net gain 


Under 1 (est.) i 

Under 1 (est.) 

1-2 (est.) ' 


2,212 
62 

3,975 

3,050 

4,145 

1,430 

1,305 

1,455 

117 

714 

38 

436 

276 

177 

141 

90 

57 

52 

35 

29 

25 

55 

25 

19 

18 

4 

2 

6 

5 


$1, 452, 336 

25, 648 

5, 860. 207 

4. 147, 534 

10, 393, 4S6 

3, 726. 687 

4, 339, 781 

5,038,651 

507, 452 

3. 160, 326 

208, 897 

2, 387, 0S7 

1, 790, 665 

1, 323, 666 

1,196,310 

850, 553 

602, 576 

594, 445 

434, 295 

389, 280 

361,962 

934, 221 

553. 556 

528, 349 

698, 188 

178, 551 

108, 606 

384, 235 

361, 328 












$708 


$708 














1-2 (est) 


39, 645 


39,645 








2-3 (est.) i 








2-3 (est.) 


28,442 


28, 442 








3_4 (est.) ' 








3-4 (est.) 


43, 217 


43, 217 








4-5 test.) ' 








4-5 (est.) 


42, 375 


42, 375 








5-6 ' 








5-6 


41,425 
35, 574 
33, 383 
38, 582 
29, 691 
22. 556 
27, 599 
20,116 

20, 699 
18, 205 
54, 777 
35, 961 
38, 706 
48, 037 

21, 357 
11,709 
40, 461 
62, 707 


41,425 
34, 239 
30, 787 
35, 094 

26, 602 
19, 654 
24, 033 
16, 884 
16,071 
14, 227 
41,022 

27, 264 
21,295 
30, 902 

6,404 








6-7 


$1, 335 

2. 596 

3,488 

3,089 

2,902 

3,566 

3.232 

4,628 

3,978 

14, 992 

14,994 

21, 547 

32, 436 

8,372 

278 

34, 273 

44, 781 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 


$65 
1,399 
1.322 
1,861 
6,591 
11.431 
14,318 
9,060 


$1,302 


20-25 . 


7,696 


25-30 

30-40 

40-50 

50-60 


5, 458 

17, 162 

10 


60-70 

70-80 

80-90 


12,694 
19, 402 


20, 824 
10, 536 


90-100 


2 
2 

1 


187,792 

( 2 ) 

( 2 ) 


35, 157 

( 2 ) 

( 2 ) 


7.471 
( 2 ) 
( 2 ) 


20, 661 
( 2 ) 
( 2 ) 


9,688 
( 2 ) 


2,663 


100-150 


( 2 ) 


150-200 




200-250 






250-300 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 




300-400 




400-500 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 




500-750 




750-1.000 
















1,000-1,500 
















1,500-2,000 
















2,000-3,000 














3,000-4,000 
















4,000-5,000_ 
















5,000 and over_._ 




















1, 046, 808 


187,315 


11, 408 


102, 684 


80, 075 


6,852 








Total... 


19, 962 


53, 673, 478 


978, 404 


591, 265 


323, 832 


135,810 


72, 503 




Summary for preced- 
ing vears: 3 

1932 


20, 680 
19, 532 
22, 605 
25, 818 

26, 891 

27, 992 

28, 540 
26, 278 
47, 591 
51,049 


54, 020, 284 
70, 309, 297 
93, 90C, 510 
122,569,172 
142, 167, 220 
133, 224, 614 
136, 523, C03 
130, 024, 575 
159, 918, 982 
159, 064, 390 


769, 932 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 , 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



89 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit— 
12>^ per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 

net gain 


Under 1 (est ) ' - 

Under 1 (est.) - 


701 

5 

1,621 

1,979 

1, 524 

762 

450 

726 

35 

346 

8 

170 

78 

40 

32 

33 

16 

11 

11 

3 

5 

14 

6 


$428, 864 

2,931 

2,334,515 

2, 768, 621 

3. 876, 903 

1, 975, 019 

1.486,736 

2, 512, 548 

153.264 

1,536,751 

43, 090 

927, 381 

507, 996 

295, 251 

273, 124 

306, 261 

167. 782 

126,792 

138, 045 

40, 251 

73. 397 

235, 082 

141,152 












$105 


$105 








1-2 (est.)' 








1-2 (est.) 


27, 958 


27,958 








2-3 (est.) ' 








2-3 (est.) 


18,949 


18, 949 








3-4 (est.) >. 








3^1 (est.) 


27. 192 


27, 192 








4-5 fest.1 ' - 








4-5 (est.) 


24,556 


24,556 








6-6' 








5-6. 


18.831 

11,741 

10, 1 12 

8,715 

12,811 

6.639 

6,013 

6,470 

1,237 

4,307 

13,042 

8, 233 


18,831 

11,335 
9,562 
7,904 

11,616 
5,843 
5,273 
6,410 
869 
3,471 

10,054 
5, 207 








6-7 .. -- 


$400 
550 
811 

1,195 
790 
740 

1,060 
368 
836 

3,373 

4,602 






7-8 






8-9 






9-10 - 






10-11 .. .- 






11-12 






12-13 






13-14 






14-15 . 






15-20 . --- -- 




$385 


20-25 




1,576 


25-30 






30-40 . 


3 

2 
1 


109, 504 
87, 239 

( 2 ) 


4,802 
7,347 
( 2 ) 


7,316 
86 


7,142 
7,261 
( 2 ) 




9,656 


40-50 






50-60 






00-70 






70-80 


1 
2 


( 2 ) 
( 2 ) 


( 2 ) 

( 2 ) 




( 2 ) 
( 2 ) 




( 2 ) 


80-90 


( 2 ) 


( 2 ) 


CO 


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 




































303, 267 


46, 575 


13.003 


50,541 


$248 


17, 277 








Total - 


8,588 


20, 851, 706 


205, 635 


214, 000 


79, 681 


248 


28,894 






Summary for preced- 
ing years: 3 
1932 


8,900 
8,035 
10, 590 
12, 448 
11,527 
11,059 
10, 509 
10,104 
21,301 
22, 899 


23, 354, 960 
28, 745, 823 
42, 775, 084 
60, 788, 434 
58, 368, 059 
45, 837, 158 
41,716,578 
41, 382, 939 
58, 273, 049 
59, 526, 474 


305, 405 
247, 280 
584, 279 
1,113,774 
1, 600. 308 
697, 800 
498, 896 
544, 953 
511,987 
603, 100 










1931 










1930 










1929.. 










1928 










1927 










1926 










1925 










1924 










1923 . 





















For footnotes, see p. 137. 



90 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 

net gain 


credit — 
12H per- 
cent on 
capital 
net loss 


Under 1 (est.) 1 


1,301 

29 

2,372 

1,309 

2,877 

768 

571 

915 

50 

482 

19 

239 

147 

100 

52 

48 

24 

25 

11 

11 

13 

31 

19 

4 

5 

3 

1 


$839, 356 

15,094 

3, 500, 689 

1, 886, 655 

7, 137, 333 

1, 996, 264 

1, 916, 539 

3,171,644 

228. 031 

2, 150, 566 

103, 947 

1, 305, 751 

953, 681 

748, 192 

443, 039 

455, 536 

250, 446 

287, 625 

136, 547 

150, 395 

187, 047 

537, 439 

416,817 

109, 893 

186, 217 

( s ) 

( 2 ) 












Under 1 (est.) 

1-2 (est.) 1 - 


$413 


$413 














1-2 (est.) 


21,210 


21, 210 








2-3 (est.) 1 . 








2-3 (est.) . 


19, 835 


19, 835 








3^ (est.) 1 . 








3-4 (est.)... 


27, 337 


27, 337 








4-5 (est.) 1 








4-5 (est.) 


29, 868 


29,868 








5-6 i 








5-6 


23, 504 

20, 375 

21, 641 

13, 628 

17,441 

9, 657 

13, 005 

5,768 

5,948 

9,255 

32, 953 

31, 373 

11,007 

14, 884 

( 8 ) 

( 2 ) 


23, 504 
19, 594 
20, 033 
12, 345 
15, 768 
8,491 
11, 253 
4,751 
4,516 
7,228 
24, 040 
20, 022 
5,221 
3,664 
(») 
( 2 ) 








6-7 


$781 
1, 608 
1,283 
1,673 
1,166 
1,752 
1,017 
1,432 
2,027 
8,864 

11,427 
3,499 

12, 530 
(') 
( 2 ) 






7-8 -- 






8-9 






9-10 






10-11.. 






11-12 






12-13 






13-14 






14-15 






15-20 


$105 


$56 


20-25 


76 


25-30 


2,287 




30-40 


1,310 


40-50 




60-60 




( 2 ) 


60-70 




70-80 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 






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 




















251, 772 


40, 941 


14, 863 


27, 227 




1 149 










Total 


11,427 


29, 366, 515 


370, 043 


293, 956 


76,286 


2,392 


2,591 




Summary for preced- 
ing years: 3 
1932 


10, 350 
9,873 
12, 490 
15,813 
16, 660 
17, 331 
19, 363 
20, 597 
35, 484 
35, 788 


24,716,119 
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 


215, 937 

107, 830 

241, 787 

712, 954 

877, 747 

1, 339, 952 

1, 481, 272 

1, 434, 504 

1, 458, 499 

2, 050, 416 










1931 










1930 










1929 










1928 










1927 










1926 










1925. 










1924 










1923 



















For footnotes see p. 137. 



STATISTICS OF INCOME 



91 



Table 9. — Individual returns for 1933 by States and Territories and by net income 
classes, showing number of returns, net income, lax, tax before tax credit, and tax 
credit; also total number, net income, and tax for prior years — Continued 

CALIFORNIA 





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 — 
12J/£ per- 
cent on 
capital 
net loss 


Under 1 (est.)' 

Under 1 (est.) 

1-2 (est )' 


29, 092 

355 

55, 807 

66, 652 

44, 005 

22, 209 

10. 746 

21,168 

1,284 

12, 007 

607 

7,080 

4,226 

2,510 

1,592 

1,147 

885 

668 

517 

410 

363 

1,083 

602 

392 

421 

259 

145 

121 

53 

51 

22 

68 

14 

7 

3 

3 

1 

2 


$18, 526, 307 

218, 474 

80, 999, 096 

91, 502, 477 

109. 015, 450 

56, 755, 892 

35, 669, 618 

73,177,574 

5, 612, 962 

53, 479, 680 

3,315,237 

38, 600 375 

27,236,615 

18, 731, 378 

13. 498, 924 

10, 892, 996 

9,263.551 

7, 665, 230 
6, 446. 516 
5, 537, 931 
5, 255, 018 

18, 625, 810 

13, 4.35, 115 
10. 685. 145 

14, 543, 543 
11,571,406 

7, 866, 088 
7, 804, 162 
3, 956, 527 
4, 320, 240 
2, 072, 391 

8, 379, 740 
2, 332, 902 
1, 548, 323 

832, 243 
1,101,934 
( 2 ) 
( 2 ) 












$5, 571 


$5, 571 














J-2 (est ) 


907, 924 


907, 924 








2-3 (est.) 1 








2-3 (est ) 


622, 647 


622, 647 








3-4 (est )' 








3-4 (est ) 


822, 633 


822. 633 








4-5 (est.) 1 








4-5 (est ) 


867, 709 


867, 709 








5-6 ' 








5-6 


792, 490 
637, 567 
527, 522 
449, 078 
397, 440 
355, 565 
323, 527 
285, 408 
263, 683 
255, 418 
1, 030, 033 
846, 473 
808, 769 

1, 270, 312 
1, 173, 566 

973, 025 
1, 066, 402 
629, 940 
765, 359 
473, 198 

2, 286, 574 
681,117 
375, 087 
172, 955 
171.957 

( 2 ) 
( 2 ) 


792, 490 
618, 193 
490, 461 
409, 600 
356, 922 
311,497 
276, 603 
235, 329 
212.070 
196, 397 
761, 287 
566, 558 
499, 695 
641, 204 
452, 908 
336, 216 
254, 766 
157, 836 
164, 038 

85, 008 
337, 179 

79, 636 

11,606 
5,452 

10, 167 
( 2 ) 

m 








6-7 


$19, 374 

37, 061 

39, 478 

40,518 

44, 068 

46, 924 

50, 079 

51,613 

59,021 

307, 070 

377, 006 

432, 399 

850, 648 

953, 133 

847, 498 

975, 308 

618, 597 

735, 295 

434, 734 

2, 109, 368 

512, 538 

359, 247 

110,350 

59, 228 

( 2 ) 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 


$2, 943 
7,883 
19, 284 
37, 549 
41, 297 
11,626 
63, 942 
12,873 
38, 686 
247 
67,173 
97, 499 
57, 608 
60, 844 
102, 562 
( 2 ) 
( 2 ) 


$41, 267 


20-25 


104,974 


25-30 


142. 609 


30-40 


259, 089 


40-50 .- 


273, 772 


50-60 


222, 315 


60-70 


227, 614 


70-80 


159, 366 


80-90_ 


172, 660 


90-100 


46, 791 


100-150 

150-200 


227, 146 
8,556 


200-250 


53, 374 


250-300 


3,691 


300-400 




400-500 




500-750 








1,000-1,500 


3 


3, 294, 219 


438, 273 


127 


45, 333 


392,813 












































































1, 582, 917 


766, 940 


52, 221 


714, 101 


618 










Total 


286, 580 


785, 354, 006 


21,444,162 


11,541,950 


10, 829, 989 


1, 015, 447 


1, 943, 224 






Summary for preced- 
ing years: 3 
1932 


295, 650 
248, 722 
293, 048 
309. 047 
316,738 
315, 566 
315,344 
305, 074 
511,218 
517, 109 


841. 047, 708 
967, 099, 004 
1, 330, 603, 655 
1, 689, 896, 424 
1, 765, 573, 139 
1, 582, 576, 258 
1, 571, 673, 688 
1,490,419,792 
1, 741, 063, 671 
1, 697, 902, 803 


21, 635, 950 
14, 732, 280 
27, 136, 057 
45, 360, 278 
63, 707. 136 
46, 044, 994 
46, 238, 346 
37, 127, 167 
37, 880, 658 
39, 958, 780 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



5984—35 



92 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 by States and Territories and by net income 
classes, shoiving number of returns, net income, tax, tax before tax credit, and tax 
credit; also total number, net income, and tax for prior years — Continued 

COLORADO 



Net income classes 

(Thousands of 
dollars) 



Under 1 (est.) •_ 
Under 1 (est.).- 

1-2 (est.) » 

1-2 (est.) 

2-3 (est.) ' 

2-3 (est.) 

3-4 (est.) i 

3-4 (est.) 

4-5 (est.) i 

4-5 (est.) 

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 

Classes grouped 2 . 

Total 



Number 

of 
returns 



4,142 

83 

5,973 

5,236 

5,115 

1,991 

1,017 

1,935 

144 

935 

72 

603 

399 

231 

163 

120 

94 

65 

49 

36 

34 

103 

44 

37 

41 

28 



Net income 



$2, 629, 961 

46, 039 

8, 754, 046 

7, 069, 722 

12, 594, 390 

5,173,900 

3, 387, 775 

6, 636, 323 

633, 501 

4,151,317 

392, 175 

3, 288, 167 

2, 576, 690 

1, 733, 359 

1, 383, 708 

1, 139, 811 

980, 666 

744, 042 

613, 399 

484, 540 

493, 268 

1, 778, 213 

986, 078 

1, 008, 260 

1, 404, 178 

1, 227, 638 

476, 131 

383, 472 

310, 319 

512, 983 

( 2 ) 

( 2 ) 



$1, 166 
"64," 105' 



44, 079 



55, 093 



56, 873 



57, 510 
52, 187 
40, 521 
40, 763 
33, 338 
35, 419 
32, 148 
26, 822 
21, 438 
25, 626 
85,916 
57, 261 
78, 231 
107, 406 
125,447 
52, 364 
43, 586 
44, 054 
81, 868 
( 2 ) 
( 2 ) 



Tax before tax credit 



Normal 
tax 



Surtax 



$1, 166 
"64," 105 
"44,"079 



55, 093 



56, 873 



57, 510 
50, 351 
37, 089 
36, 681 
29, 173 
30, 849 
27, 635 
22, 139 
16, 985 
20. 177 
61, 224 
39, 296 
48, 196 
52,474 
56, 714 
19, 427 
7,412 
7,316 
7,244 
( 2 ) 
( 2 ) 



12J.-2 per- 
cent on 
capital 

net gain 



1,248 
1,429 
782 
3,495 
5 
10, 769 



19, 050 



( 2 ) 



Tax 
credit— 
12>i per- 
cent on 
capital 
net loss 



$5, 239 
10, 926 
11,616 
28,981 
34,401 
17,914 
10,419 
15, 562 
6,044 
( 2 ) 
( 2 ) 



( 2 ) 



( 2 ) 



( 2 ) 



( 2 ) 



Summary for preced- 
ing years: ' 

1932. 

1931.. 

1930 

1929 

1928 

1927 

1926. 

1925 

1924 

1923 



28, 725 



30, 537 
25, 279 
28, 986 

31, 268 
31, 091 
31, 727 
35, 110 
35, 808 
73, 350 
72, 366 



1, 451, 795 



74, 445, 



82, 077. 771 
96, 661, 700 
125, 795. 609 
158, 751, 528 
158, 931, 875 
148, 473, 486 
154, 804, 655 
150,363,411 
205,087,973 
200, 572, 724 



447, 256 



1,710,477 



1,815,932 

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 



31, S90 



398. 861 



881, 098 



916, 594 



IS. 652 



2,147 



56, 034 



143, 249 



For footnotes, see p. 137. 



STATISTICS OF INCOME 



93 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


\2]4 per- 
cent on 
capital 
net gain 


credit — 
12 y, per- 
cent on 
capital 
net loss 


Under 1 (est.)i 


8,380 

223 

16, 052 

17, 361 

13, 032 

5,589 

3,446 

5,201 

675 

3.192 

336 

1,909 

1, 436 

955 

769 

495 

381 

287 

213 

212 

174 

543 

262 

189 

227 

103 

62 

42 

21 

22 

8 

27 

11 

5 


$5, 720, 587 

105, 387 

23, 074, 141 

23, 317, 014 

32, 448, 946 

14,169,815 

11,571,443 

17, 983, 135 

2, 984, 636 

14, 285, 155 

1, 847, 772 

10, 438, 337 

9, 293, 642 

7,142,119 

6,501,399 

4,691,917 

3, 989, 393 

3, 293, 749 

2, 658, 051 

2, 860, 558 

2, 525, 223 

9,321,879 

5, 841, 007 

5, 176, 612 

7, 800, 774 

4, 573, 088 

3,421,576 

2, 724, 991 

1, 558, 566 

1, 847, 406 

744, 362 

3, 250, 004 

1, 856, 238 

1 . 090 S95 












Under 1 (est.). 


$2, 250 


$2, 250 








1-2 (est.) 1 








1-2 (est.) 


208, 598 


208, 598 








2-3 (est.) i 








2-3 (est.) 


166, 988 


166, 988 








3-1 (est.)*.... 








3-4 (est.) 


172, 993 


172, 993 








4-5 (est.) i 








4-5 (est.) 


193, 658 


193, 658 








5-6> 








.5-6 


174, 425 
170, 493 
150, 386 
163, 463 
128, 701 
118, 301 
107, 829 
95, 526 
112,474 
108, 055 
411,116 
325, 585 
319, 893 
564, 308 
411,803 
354, 904 
318,411 
195, 563 
298, 406 
123, 799 
717, 409 
548,012 
339, 385 
324, 448 

m 

m 


174, 425 

163, 058 

136, 097 

144, 252 

110,874 

98, 557 

87, 894 

75, 424 

86, 243 

78, 631 

289, 213 

199, 276 

169, 733 

243, 668 

137, 416 

126, 042 

73, 312 

19, 390 

58, 699 

18, 884 

61,388 

42, 690 

12, 274 

12, 235 








6-7 


$7, 435 

14,289 

19,211 

17, 827 

19,744 

19, 935 

20, 102 

26, 231 

29,424 

152, 848 

170, 301 

206, 635 

450, 523 

385, 033 

360, 782 

354, 202 

240, 297 

291, 271 

151, 264 

719, 681 

554, 870 

320, 325 

357, 464 

( 3 ) 

( 2 ) 

( 2 ) 






7-8. _ 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 


$770 

6,144 

10, 702 

22, 175 

5, 057 

18, 832 

11,833 

5,416 

18, 428 

940 

53, 214 

18, 287 

23, 770 

20, 798 


$31,715 
50 136 


20-25 


25-30 


67 177 


30-40 


152, 058 
115 703 


40-50 


50-60 


150, 752 
120, 936 
69, 540 
69, 992 
47, 289 
116,874 


60-70 


70-80 


80-90 


90-100 


100-150 

150-200 


200-250 


16, 984 
66, 049 

(2) 


250-300 


4 .110.524 


300-400 


1 
2 

1 


( 2 ) 

( 2 ) 


400-500 




( 2 ) 


( 2 ) 
( 2 ) 


500-750 


( 2 ) ( 2 ) 


( 2 ) 


750-1,000. 






1,000-1,500 














1,500-2,000.. 


1 


w ( 2 ) 

( 2 ) ( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 




2,000-3,000 


1 




3,000-4,000 




1,000-5,000 -_ 














5,000 and over 














Classes grouped 2 


6, 090, 472 


1, 364, 653 


37, 352 


832, 856 


512, 556 


18 111 


Total 






81, 850 


257,310,810 


8, 691, 835 


3,401,514 


5, 722, 550 


728, 922 


1,161,151 


Summary for pre- 
ceding years: 3 
1932 


86, 308 
65, 306 
74, 821 
82, 049 
81. 063 
77, 778 
81,449 
74, 595 
143,406 
149, 820 


274, 908, 669 
309, 351, 262 
400, 674, 216 
561,547,753 
522, 496, 52S 
451, 001, 651 
433, 776, 846 
404, 498, 337 
478, 174, 249 
473, 804, 719 


8, 155, 965 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925... 










1924 










1923 





















For footnotes, see p. 137. 



94 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 





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 


123^ per- 
cent on 
capital 

net gain 


Under 1 (est.) • 

Under 1 (est.)-.- 

1-2 (est ) i 


1,109 

39 

1,860 

2,004 

1,388 

761 

385 

670 

78 

384 

39 

210 

174 

114 

97 

78 

43 

42 

36 

40 

26 

76 

48 

31 

46 

33 

25 

10 

15 

6 

4 

14 

7 

3 

3 

4 

5 

1 

1 

1 


$747, 760 

21, 005 

2, 691, 238 

2, 702, 918 

3, 437, 723 

1, 960, 383 

1,284,012 

2,305,156 

350, 515 

1,715,597 

214,360 

1,144,510 

1, 129, 300 

850, 957 

819,179 

738, 488 

450, 606 

4S3, 575 

449, 140 

538,376 

375, 153 

1,324,071 

1, 053, 904 

845, 532 

1, 603, 559 

1, 435, 280 

1, 378, 883 

639, 863 

1, 102, 130 

511,871 

384, 363 

1,764,176 

1, 222, 651 

658, 121 

824, 660 

1,453,212 

( 2 ) 

( 2 ) 

( 2 ) 

( 2 ) 












$298 


$298 














1-2 (est ) 


23, 331 


23, 331 








2 3 (est ) ' 








2-3 (est ) 


19, 577 


19, 577 








3 4 (est ) i 








3-4 (est ) 


21,570 


21, 570 








4-5 (est ) i 








4-5 (est.) 


22, 541 


22, 541 








5-6 i 








5-6 


18, 121 

18, 753 
17, 775 

19, 893 
19,316 

12, 897 

13, 636 
13,570 
19, 435 
12, 554 
56, 593 
43,791 
22, 173 

127, 844 
140, 878 
159, 847 

77, 786 
124, 505 

78, 844 

89, 335 
486, 187 
415,896 
121,905 
218, 877 
458, 750 

( 2 ) 

( 2 ) 

( 2 ) 

( 2 ) 


18, 121 
17,904 
16, 143 
17, 525 
16,613 
10, 797 
10, 739 
10,178 
14, 485 

8,478 
37, 772 
28, 335 
25, 876 
56, 823 
39, 142 
30, 393 

5,295 
20, 353 

7,910 

7,158 

25, 945 

19, 879 

169 








6-7 


$849 

1,632 

2,368 

2,703 

2,100 

2,897 

3,392 

4,950 

4,076 

22, 541 

28,914 

32, 262 

93, 526 

118,426 

154, 067 

84, 734 

174, 577 

82,212 

82, 579 

487, 809 

409, 815 

80, 634 

325, 210 

612, 978 

( 2 ) 

( 2 ) 

( 2 ) 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11 12 






12 13 






13-14 






14-15 






15 20 




$3, 720 


20-25 




13,458 


25-30 


$1,837 

7,416 

1,559 

528 

5S7 


37, 802 


30-40 


29, 921 


40-50 


18, 249 


50-60 


25, 141 


60-70 


12,830 


70-80 


70, 425 


80-90 


6,252 


17, 530 


90-100 


402 


100-150-. 


374 


27, 941 


150-200 


13, 798 


200-250 


48, 397 


7,295 


250-300 


106, 333 


300-400 


7,411 




161, 639 


400-500 


( 2 ) 


( 2 ) 


500-750 




( 2 ) 


750-1,000 






( 2 ) 


1,000-1,500 






( 2 ) 


1,500-2,000 








2 000-3,000 
















3 000-4,000 
















4,000-5,000 




































4, 924, 300 


2, 165, 806 




2, 292, 784 


174 


127, 152 










Total 


9,910 


45, 536, 527 


5, 042, 284 


540, 761 


5, 108, 035 


67, 124 


673, 636 






Summary for preced- 
ing years: 3 
1932 


9,822 
8,284 
9,342 
9,780 
9,592 
9,266 
9,301 
9,131 
18, 892 
19, 202 


46, 026, 220 
51, 044, 537 
64, 913, 288 
148, 850, 300 
107, 335, 477 
90, 262, 899 
70, 544, 423 
54, 897, 972 
64, 179, 747 
57, 186, 685 


4, 396, 328 
2, 283, 901 
3, 927, 732 
14, 524, 946 
10, 592, 886 
7, 970, 035 
5, 100, 884 
2, 780, 200 
2, 432, 617 
1, 402, 093 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



95 



Table 9. — Individual returns for 1933 by States and Territories and by net income 
classes, showing number of returns, net income, lax, 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}4 per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12J^ per- 
cent on 
capital 

net gain 


Under 1 (est.) ' 

Under 1 (est.) 

1 2 (est ) i 


3 396 


*2 S73. 297 












110 72. 282 


$1, 564 


$1, 564 








10, 761 

21, 006 

9,042 

7,215 

1.880 

7,263 

227 

4,175 

72 

1,541 

914 

536 

320 

246 

182 

153 

106 

89 

84 

226 

138 

79 

83 

45 

24 

18 

8 

7 

4 

13 

2 

2 


15,717,014 
31, 840, 438 
22, 302, 236 
17, 771, 852 

25, 321, 594 

985, 151 

18, 490, 962 

396, 275 

8, 371, 022 

5, 889, 682 

3, 990, 427 

2, 704, 772 

2,331,305 

1, 919, 022 

1, 757, 048 

1. 322, 850 

1, 205, 908 

1, 217, 181 

3, 890, 641 

3, 080, 827 

2, 164. 905 

2, 862, 582 

2, 010, 590 

1, 293, 858 

1, 163, 951 

601, 692 

579, 055 

382, 746 

1,557,085 

369, 592 

458, 192 








1-2 (est ) 


421, 889 


421, 889 








2-3 (est ) ' 








2-3 (est ) 


308, 597 
302, 752 


308, 597 
302, 752 








3-4 (est.) ' 








3-4 (est ) 




4-5 (est ) i 








4-5 (est ) 


285, 225 


285, 225 








5-6 ' 








5-6 


158,740 

129, 992 

106, 268 

85. 339 

82, 316 

76, 231 

76, 254 

59, 469 

60, 586 

67, 333 

211,143 

192. 355 

158, 525 

266, 588 

240, 496 

194, 096 

175, 559 

101,518 

1 19, 023 

69, 936 

414, 342 

143, 662 

115,244 


158, 740 

125, 844 

98, 438 

77,310 

73, 797 

66 958 

65, 545 

49, 525 

49, 353 

53, 213 

160, 672 

128, 503 

96, 223 

141,028 

93, 223 

62, 678 

47,712 

25, 858 

27, 964 

14, 142 

52, 043 

23, 392 

5,512 








6-7 


$4, 148 

7,830 

8, 029 

8,519 

9,273 

10, 709 

9,944 

11,233 

14, 120 

64, 265 

86, 047 

86, 946 

170, 465 

168, 295 

132. 047 

150, 780 

97, 868 

89, 449 

46, 392 

415, 334 

118,063 

97, 335 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 


$22 
2,343 
4,811 
2,481 
7,934 
8,158 
7,519 
26 
8,763 
16, 343 
12 
2,285 
18, 845 


$13,816 


20-25 - 


24,538 


25-30 


29, 455 


30-40... 


47, 386 


40-50 


28, 956 


50-60 


8,787 


60-70 


30, 452 


70-80 . 


22,234 


80-90 


7,153 


90-100 


6,941 


100-150 


53, 047 


150-200 .. 


78 


200-250 .. 


6,448 


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 


69, 967 


192, 795, 436 


4, 625, 042 


3, 017, 700 


1, 807, 091 


79, 542 


279, 291 






Summary for preced- 
ing years: 3 
1932 


73, 501 
51, 920 
51,044 
48, 087 
44, 183 
39. 560 
40, 024 
43, 298 
77, 836 
75, 796 


213, 475, 879 
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 


5,115,177 
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 










1931 










1930 










1929 










1928 










1927... 










1926 










1925 










1924 










1923 . 





















For footnotes, see p. 137. 



96 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 by States and Territories and by net income 
classes, shoiving 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 — 
12J4 per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 
net gain 


Under 1 (est.)' 

Under 1 (est.) - 

1-2 (est.) 1 


3,739 

66 

5,873 

3,865 

5,742 

2,004 

1,564 

2,107 

204 

1,082 

82 

632 

422 

334 

174 

139 

115 

86 

67 

61 

36 

136 

71 

44 

44 

29 

14 

9 

7 

2 

6 

6 

6 

4 

2 


$2, 343, 020 

30, 129 

8, 683, 962 

5, 357, 841 

14,161,812 

5, 235, 214 

5, 156, 019 

7, 255, 824 

898, 964 

4, 807, 319 

444, 688 

3, 452, 303 

2, 733, 418 

2, 492, 449 

1, 474, 331 

1, 320, 950 

1,199,911 

988, 684 

836, 399 

822, 820 

520, 740 

2,311,667 

1, 567, 959 

1, 190, 227 

1, 509, 528 

1,281,733 

766, 952 

599, 174 

522, 732 

164, 786 

564, 404 

781, 271 

992, 929 

867, 148 

( 2 ) 












$987 


$987 














1-2 (est.) 


52, 152 


52, 152 








2-3 (est )' 








2-3 (est.) 


44, 036 


44, 036 








3-4 (est.) 1 








3-4 (est ) 


60, 137 


60,137 








4-5 (est.) 1 








4-5 (est ) 


64, 306 


64, 306 








5-6 i 








5-6 


62, 790 
53, 498 

63, 428 
43, 087 
40, 565 
43, 966 
40, 579 
37, 272 
30, 348 
20, 163 

109, 919 
88, 722 
80, 595 
118,360 
113,885 
79, 507 
63, 805 
83, 466 
29, 749 
122, 381 
188, 091 
157, 482 
233, 440 
( 2 ) 


62, 790 
51,457 
58, 400 
38,809 
35, 643 
37, 937 
33. 833 
30, 294 
22, 744 
14, 454 
79, 575 
60, 322 
43, 606 
54, 738 
55, 904 
24, 379 
15, 925 
15, 003 








6-7 


$2, 041 

5,028 

4,278 

4,922 

6,029 

6,746 

6,978 

7,604 

5,709 

37, 242 

42, 891 

46, 980 

90, 356 

105, 989 

85, 670 

84, 571 

81,211 

29, 749 

118, 458 

196, 569 

324, 146 

317, 413 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 




$6, 898 


20-25 


$450 

2,418 

392 

93 


14, 941 


25-30 


12, 409 


30-40 


27, 126 


40-50 


48, 101 


50-60 


30, 542 


60-70. 




36, 691 


70-80 


1,142 


13, 890 


80-90 




90-100 


6,030 
23, 888 
11, 276 
21, 386 
( 2 ) 




2,107 


100-150 


6,596 
38 


38, 962 


150-200 


177, 978 


200-250 


105, 359 


250-300 




( 2 ) 


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 
















5,000 and over 
















Classes grouped s 




1, 380, 792 


544, 907 


11, 524 


617, 368 




83, 985 










Total 


28, 775 


84, 718, 099 


2, 671, 623 


1, 031, 535 


2, 227, 948 


11, 129 


598, 989 






Summary for preced- 
ing years: 3 
1932 


29, 303 
25, 340 
28, 133 
30, 040 
32, 155 
40, 080 
56, 109 
76, 213 
64, 306 
49, 591 


88, 451, 612 
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 


2, 557, 631 
2, 219, 520 
2,i840,391 
5, 936, 377 
7, 714, 261 
6, 047, 244 
10, 415, 636 
28, 857, 801 
7, 229, 272 
3, 693, 955 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



97 



Table 9. — Individual returns for 1933 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 


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 (est.) ' — 


2,606 

101 

5,973 

5,354 

6,426 

2,436 

2,088 

2,833 

240 

1,292 

79 

823 


$1, 715, 220 

59, 688 

8, 714, 107 

7, 089, 796 

16, 197, 202 
6, 360, 421 
6, 927, 847 
9, 771, 542 
1, 055, 595 
5, 737, 505 
431, 687 
4. 494. 244 














$1, 878 


$1,878 








1-2 (est.) ' 








1-2 (est ) 


54, 798 


54, 798 








2-3 (est.) i 








2-3 (est.) 


42, 278 


42, 278 








3-4 (est.) ' 








3-4 (est.) 


70, 385 


70, 385 








4-5 (est.) ' 








4-5 (est.) 


70, 346 


70,346 








5-6 i 








5-6 


76, 422 


76. 422 








6-7 


537 3. 478. 209 


65, 910 63. 202 


$2, 708 

4,919 

5,432 

6,167 

5,664 

7,640 

7,126 

8,596 

8,640 

41, 770 

42, 267 

43, 561 

97, 688 

105, 117 

81,028 

47, 539 

48, 532 

83, 272 

57, 621 

167, 027 

( 2 ) 

( 2 ) 






7-8 


338 

221 

179 

115 

110 

77 

69 

53 

149 

71 

43 

46 

28 

14 

6 

4 

6 

3 

5 

3 

1 


2, 526, 387 

1, 874, 342 

1, 696, 449 

1, 204, 239 

1, 261, 634 

956, 590 

929, 507 

766, 920 

2, 545, 865 

1, 568, 698 

1, 158, 365 

1, 600, 286 

1, 243, 716 

748, 957 

388,218 

300, 972 

507, 100 

278, 619 

614, 858 

( 2 ) 

( 2 ) 


55, 422 
48, 711 
52, 043 
43, 891 
44,764 
40, 345 
39, 151 
33, 873 

127, 031 
91, 480 
70, 989 

150, 260 

132, 612 
87, 974 
53, 211 
58, 896 
88, 955 
67, 969 

175, 661 
( 2 ) 
( 2 ) 


60, 503 
43, 279 
45, 876 
38, 227 
37, 124 
33, 219 
30, 555 
25, 239 
88, 269 
53, 726 
38, 344 
59, 967 
54, 490 
19, 718 

9,212 
10, 475 
11,739 
10, 348 
23, 399 

( 2 ) 

( 2 ) 






8-9 .- 






9-10 - 






10-11 






11-12 - 






12-13 -. 






13-14 






14-15 






15-20 


$477 

3,057 

4,502 

209 

714 


$3, 485 


20-25 - 


7,570 


25-30 


15, 418 


30-40 


7,604 


40-50 


27, 709 


60-60 


12, 772 


60-70- 


2,779 

157 

4,450 


6,319 


70-80 


268 


80-90 


10, 506 


90-100 




100-150 


105 

( 2 ) 


14, 870 


150-200 




200-250 


( 2 ) 
























































750-1,000 
















1,000-1,500 
















1,500-2,000 
















2,000-3,000 
















3 000-4 000 














4,000-5,000 




































688, 097 


217, 519 


14, 804 


193, 314 


9,701 


300 








Total 


32, 329 


94, 892, 882 


2, 062, 780 


1,077,822 


1, 065, 628 


26, 151 


106, 821 






Summary for preced- 
ing years: » 
1932 


31, 730 

25, 729 
28, 996 
32, 289 
32, 921 
33,818 
36, 744 
37,410 
62, 651 
71,341 


92, 882, 516 
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 


1, 692, 089 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 



















For footnotes, see p. 137. 



98 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 

HAWAII 





Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 

credit— 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


\2)4 per- 
cent on 
capital 
net gain 


\2V 2 per- 
cent on 
capital 
net loss 


Under 1 (est.) ' 

Under 1 (est.) 

1-2 (est ) ' 


1,311 
24 

1,957 

2,038 

1,590 

797 

495 

948 

116 

380 

47 

273 

193 

130 

109 

69 

33 

34 

30 

24 

19 

68 

33 

32 

33 

10 

10 

11 

7 

3 

4 

5 

2 


$675, 035 
14, 385 
2, 828, 904 
2, 743, 715 
3, 998, 294 
2, 036, 855 
1, 648, 674 
3, 232, 609 
514, 630 
1, 698, 330 

255, 727 
1, 497, 234 
1, 252, 250 

971, 275 
919, 182 
654, 023 
344, 445 
389, 412 
374, 652 
321, 545 
273, 096 

1, 165, 574 
725, 527 
874, 071 

1, 149, 245 
453, 683 
546, 555 
709, 797 
523, 390 

256, 755 
378, 090 
556, 978 
374, 003 












$404 


$404 














1-2 (est ) 


24, 781 


24, 781 








2-3 (est ) ' 








2-3 (est.) 


18, 654 


18, 654 








3-4 (est.) ' 








3-4 (est.) 


23,177 


23, 177 








4-5 (est.) ' 








4-5 (est ) 


19, 205 


19, 205 








5-6 I 








5-6 


23, 748 
21,519 
17,961 
18, 513 
16, 356 
8,629 
11, 978 
12, 928 
10, 078 
10, 271 
44, 648 
36, 477 
55, 992 
86, 682 
40, 583 
55, 797 
97, 478 
84, 133 
51, 349 
84, 252 
136, 461 
128, 492 


23, 748 
20, 577 
16, 044 
15, 890 
13, 965 
7,064 
9,631 

10, 091 
7,151 
7,316 

26, 219 

16, 867 

20, 956 

17, 154 

6,465 

2,840 

7,527 

11, 529 
2,879 
4,487 
2,277 
7,737 








6-7 


$942 

1,917 

2,623 

2,391 

1,565 

2,347 

2,837 

2,927 

2,955 

19, 126 

19, 986 

36, 078 

67, 806 

39, 903 

51, 637 

91, 300 

84, 398 

48, 470 

79, 765 

139, 649 

129, 181 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 . 






13-14 . 






14-15 






15-20 




$697 


20-25. 




376 


25-30 


$46 
3,296 


1,088 


30-40 


1, 574 


40-50 


5,785 


50-60 


8,714 

2,299 

98 


7,394 


60-70 


3,648 


70-80 


11, 892 


80-90 




90-100 






100-150 




5,465 


150-200. 




8,426 


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 


10, 835 


34, 357, 940 


1, 140. 546 


344, 635 


827, 803 


14, 453 


46, 345 




Summary for preced- 
ing years: 3 
1932 


12, 192 
7,328 
7,869 
8,210 
8,047 
9,252 
9,146 
9,306 
12, 387 
12, 421 


37, 277, 185 
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 


1,101,535 

815, 673 

972, 216 

1, 220, 345 

1,311,756 

1, 200, 544 

1, 096, 213 

944, 053 

1,481,883 

1, 319, 276 










1931 










1930 










1929. 










1928 - 










1927 










1926.. 










1925 










1924... 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



99 



Table 9. — Individual returns for 1983 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 lax for prior years — Continued 

IDAHO 



Net income classes 

(Thousands of 
dollars) . 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit— 
12>4 per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 

net gain 


Under 1 (est.)' 


251 

3 

1,261 

1,396 

1,112 

514 

351 

635 

33 

269 

6 

127 

38 

15 

11 

14 

9 

4 


$153,110 
1,115 

1, 764, 008 

1, 845, 927 

2, 907, 151 

1, 340, 438 

1, 161, 003 

2, 189, 777 

142, 079 

1, 193, 608 

33, 548 

689, 954 

245, 495 

110,018 

94, 773 

134, 357 

93, 666 

45, 560 












Under 1 (est.) 


$7 


$7 








1-2 (est.)i 








1-2 (est.) 


15, 122 


15, 122 








2-3 (est.) i 








2-3 (est.).. 


11, 785 


11, 785 








3-4 (esOi 








3-4 (est.) 


23, 510 


23, 510 








4-5 (est.)« 








4-5 (est.)... 


17, 369 


17,369 








5-6i 








5-6 


12, 698 
5,901 
3,384 
2,970 
4,749 
3,451 
1,378 


12, 698 
5,739 
3,197 
2,682 
4,247 
2,808 
1,107 








6-7 


$162 
187 
288 
502 
643 
271 






7-8 -. 






8-9. - 






9-10 






10-11 






11-12 - 






12-13 






13-14 


1 

5 
8 
6 
3 


(») 

71, 485 
130, 658 
139, 154 
( 2 ) 


( 2 ) 
3,112 
9,903 

8,277 
( 2 ) 


( 2 ) 

2,352 
7,981 
6,489 
( 2 ) 


( 2 ) 

760 
1,922 
4,076 

( 2 ) 






14-15 






15-20 






20-25 




$2,288 


25-30 




(2) 


30-40 






40-50 - - 
















60-60 
















60-70 - - 
















70-80 - 
















80-90 
















<)0-100 
















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 > 




95, 270 


6,411 


6,133 


3,472 




3,194 










Total- 


6,072 


14, 582, 154 


130, 027 


123, 226 


12,283 




5,482 








Summary for preced- 
ing years: 3 
1932 


5,758 
5,684 
7,852 
9,830 
9,808 
10, 673 
11,617 
12, 907 
21, 436 
25, 012 


13, 688, 578 
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 


97, 113 

46, 045 
128, 290 
184, 325 
283, 172 
247, 272 
184,344 
170,912 
261,008 
426, 196 










1931... 










1930 










1929 










192S 










1927 










1926 










1925.. 










1924 










1923 





















For footnotes, see p. 137. 



100 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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— 
I2>i per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12}<6 per- 
cent on 
capital 

net gain 


Under 1 (est.) 1 

Under 1 (est.) 

1-2 (est.) i 


24, 132 

690 

57, 971 

61, 234 

47, 182 

20, 349 

12, 553 

19, 449 

1,133 

10.916 

399 

6,927 

4,507 

3,181 

2,084 

1,577 

1,136 

919 

739 

527 

468 

1,427 

846 

521 

608 

322 

178 

96 

79 

38 

29 

74 

25 

11 

9 

5 

5 

8 

2 

2 

1 


$16, 295, 216 

323, 584 

83, 082, 005 

83, 722, 988 

117,971,407 

52, 330, 434 

41, 477, 552 

67, 085, 706 

4, 989, 190 

48, 628, 255 

2, 180, 449 

37, 894, 700 

29, 153, 264 

23, 727, 509 

17, 652, 317 

14, 950, 402 

11,905,594 

10, 554, 906 

9, 231, 174 

7,113,387 

6, 774, 641 

24, 502, 346 

18, 859, 667 

14, 232, 954 

20, 824, 256 

14, 286, 553 

9,701,728 

6, 186, 345 

5, 854, 932 

3, 226, 782 

2, 763, 947 

8, 704, 977 

4, 215, 182 

2,416,132 

2, 378, 940 

1,695,295 

2. 245, 447 

5, 114, 174 

1, 834, 710 

( 2 ) 

(?) 












$6, 398 


$6, 398 














1-2 (est.) 


829, 955 


829, 955 








2-3 (est.) i 








2-3 (est.) 


528, 733 


528, 733 








3-4 (est.)i 








3-4 (est.) 


611,240 


611, 240 








4-5 (est.) ' 








4-5 (est.) 


690, 414 


690, 414 








5-6 ' 








5-6 


684, 124 

610, 955 

607, 485 

536, 559 

536, 121 

469, 562 

456. 869 

435, 469 

353, 616 

347, 882 

1, 333, 075 

1,212,018 

993, 373 

1, 754, 472 

1, 348. 878 

1, 102, 274 

857, 726 

992, 599 

517, 074 

523. 849 

1,932,106 

1,215,754 

593, 515 

935, 080 

620, 147 

414,808 

1, 387, 857 

247, 848 

( 2 ) 

(?) 


684, 124 

589, 146 

560, 735 

484, 595 

480, 574 

412, 175 

391, 820 

364, 706 

287, 870 

273, 290 

1, 054, 483 

889, 376 

681, 049 

986, 413 

651, 065 

416, 624 

269, 586 

228,819 

130, 727 

111,543 

255, 441 

110, 870 

52, 499 

70, 485 

72, 187 

38, 255 

44,480 

697 








6-7 


$21, 809 

46, 750 

51,964 

55,547 

57, 387 

65, 049 

70. 763 

65, 746 

74, 592 

401, 624 

527, 613 

578, 501 

1, 209, 607 

1, 159, 719 

1, 007, 920 

749, 914 

882, 967 

523, 273 

536, 359 

1,913,397 

1, 119, 579 

715,048 

901,021 

585, 421 

655, 899 

1. 203, 4.54 

40, 423 

(?) 

(?) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20. 


$3, 540 
12, 445 
23, 075 
47, 309 
62, 342 
49, 459 
62, 353 
32, 204 
39,542 
26, 522 
148, 708 
89, 719 
51, 910 


$126, 572 


20-25 


217,416 


25-30 


289, 252 


30-40 


488,857- 


40-50 


524,248 


50-60 


371, 729 


60-70 


224, 127 


70-80 


151,391 


80-90_ 


176, 468 


90-100 


150, 575 


100-150 


385, 440 


150-200 


104,414 


200-250... 


225, 942 


250-300.. 


36,426 


300-400. 


32, 752 

83, 870 
293, 554 
206, 728 

( 2 ) 

( 2 ) 


70, 213 


400-500 


363, 216 


500-750 


153, 631 


750-1,000.. _ 


1,000-1,500 


(?) 


1,500-2,000 


( 2 ) 




2,000-3,000 




3,000-4,000.. 
















4,000-5,000 
















5,000 and over 


1 


(?) 
12, 829, 546 


( 2 ) 
2, 908, 724 




(?) 
1, 737, 422 


( 2 ) 
1,158,317 






24,323 


11,338 








Total 


282, 360 


848, 918, 593 


28, 596, 559 


13,284,697 


16, 958, 768 


2, 424, 349 


4,071,255 






Summary for preced- 
ing years: 3 
1932 


286, 888 
270, 759 
327, 631 
369, 855 
373, 621 
378, 859 
374, 725 
357, 448 
652, 501 
676, 489 


872,941,170 
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 


23, 914, 230 
22, 502, 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 










1931 










1930. 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



101 



Table 9. — Individual returns for 1.933 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) 




Net income 


Tax 


Tax before tax credit 


Tax 
credit— 
\2)i per- 
cent on 
capital 
net loss 


Number 

of 
returns 


Normal 
tax 


Surtax 


12'2 per- 
cent on 
capital 
net gain 


Under 1 (est.)'... 


6,528 

107 

12, 744 

12, 087 

12, 454 

4,504 

2,786 

4,130 

242 

1,760 

115 

1,171 

756 

540 

308 

264 

174 

179 

116 

96 

85 

202 

114 

56 

61 

32 

18 

16 

7 

7 

1 

6 

4 


$4, 481, 734 
49,413 
18,290,159 
16, 034, 746 
30, 924, 038 
11,836,205 

9,203,507 
14, 194, 823 

1, 058, 963 

7. 825, 553 
626, 60S 

6, 388, 352 
4, 889, 344 
4, 019, 324 
2, 612, 102 

2, 588, 510 

1. 826, 559 
2, 058, 749 
1,450,122 
1, 295, 506 

1, 235, 137 

3, 457, 017 

2, 532, 351 
1, 528, 753 
2, 136, 313 
1,422,673 

975, 428 
1, 038, 408 
528, 609 
618, 930 
( 2 ) 

708, 345 
704, 689 












Under 1 (est.)- - 


$1, 200 


$1,200 








1-2 (est.)i- 








1-2 (est.) 


140, 879 


140, 879 








2-3 (est.) 1 








2-3 (est.) 


93, 176 


93, 176 








3-1 (est.)i 








3-4 (est.) 


107,417 


107,417 








4-5 (est.)' 








4-5 (est.) 


93, 728 


93, 728 








5-6" -. 








5-6 . 


109, 607 
98, 592 
95, 942 

74, 442 

75, 241 
70, 049 
75, 306 
61, 920 
58, 308 
62, 141 

191. 664 
160. 209 
109, 422 
182, 433 
141, 599 
125, 656 
135, 944 
90,431 
120, 182 
( 2 ) 

185, 871 
197,017 


109, 607 
95, 063 
88, 161 
66, 825 
66, 036 

61, 376 

62, 706 
50, 902 
46, 354 
48, 359 

140, 184 
102, 250 
57, 417 
83, 290 
46, 046 
29, 158 
25, 982 
13,600 
20, 932 
( 2 ) 

29, 849 
13, 295 








6-7 


$3, 529 

7,781 

7,617 

9,205 

8,673 

12,600 

11,018 

11,954 

13, 782 

57, 043 

70, 861 

63, 027 

126, 272 

110, 377 

100, 421 

122, 296 

78, 971 

109, 487 

( 2 ) 
186, 764 
177, 401 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15. 






15-20 


$336 
665 
106 
8,382 
11,035 
6,062 
15,404 
3,239 
4,749 


$5, 899 


20-25 


13, 567 


25-30 


11, 128 


30-40 


35, 511 


40-50 


25, 859 


50-fiO 


9,985 


60-70 


27, 738 


70-80. 


5,379 


80-90 


14, 986 


90-100 




100-150- 




30, 742 


150-200 ... .. 


22, 137 


15, 816 


200-250 


250-300 


1 

2 


( 2 ) 
( 2 ) 


( 2 ) 

( 2 ) 




( 2 ) 
( 2 ) 


( 2 ) 




300-400 


( 2 ) 


( 2 ) 


400-500- 






500-750. 
















750-1,000 


1 
1 


( 2 ) 
( 2 ) 


( 2 ) 
( 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 2 




3, 059, 271 


1, 107, 078 


17, 107 


993, 048 


96, 956 


33 








Total 


61, 675 


161, 600, 241 


3, 965, 454 


1, 710, 899 


2, 282, 127 


169, 071 


196, 643 


Summary for preced- 
ing years: 3 
1932... 


63,722 
54,534 
65, 679 
76, 493 

75, 376 

76, 703 
77, 126 
80, 300 

156, 845 
178, 831 


168, 607, 693 
204,130,790 
280, 940, 214 
366, 846, 042 
365, 336, 866 
349, 434, 464 
358, 624, 820 
344, 266, 673 
461, 717, 343 
510, 507, 072 


3,311,606 
2,540,943 
5, 109, 577 

8, 208, 031 
10, 100, 848 

8, 884, 047 

9, 934, 476 
7, 508, 733 
6, 655, 560 
7, 882, 768 










1931 










1930 










1929 










1928 










1927 










1926 










1925- 










1924 










1923 
















pa 



For footnotes, see p. 137. 



102 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1938 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 



Net. income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit— 
12y 2 per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


12Ji per- 
cent on 
capital 
net gain 


Under 1 (est.) 1 


5,188 

89 

8,154 

8,128 

7,986 

2,777 

1,788 

2,554 

126 

1,086 

49 

764 

444 

300 

193 

140 

87 

80 

42 

45 

31 

111 

70 

37 

21 

15 

6 

3 

4 

3 

2 

6 


$3, 488, 769 

51, 560 

11,820,516 

10, 794, 787 

19, 744, 064 

7, 186, 734 

5, 903, 931 

8, 773, 192 

549, 501 

4, 791, 320 

267, 039 

4, 168, 968 

2, 867, 898 

2, 244, 401 

1, 632, 382 

1, 324, 026 

915, 905 

915, 397 

523, 359 

606, 149 

449, 002 

1,911,697 

1, 550, 242 

1, 025, 213 

721, 522 

655, 226 

319, 189 

189, 596 

298, 588 

256, 651 

192, 889 

695, 968 












Under 1 (est.) 

1-2 (est.)' 


$1, 253 


$1, 253 














1-2 (est.) 


98, 156 


98, 156 








2-3 (est.) 1 . 








2-3 (est.)-. 


65, 445 


65,445 








3-4 (est.)' 








3-4 (est.) 


71, 634 


71, 634 








4-5 (est.)' .- 








4-5 (est.) 


64, 893, 


64, 893 








5-6' 








5-6... 


73, 687 
57,911 
52, 979 
47, 915 
42, 193 
32, 885 
36, 479 
23, 363 
27, 047 
21, 970 
99, 553 
99, 864 
72, 640 
65,409 
71, 266 
27, 442 
28, 076 
39, 106 
52, 481 
41, 038 
127, 010 


73, 687 

55, 863 

48, 549 

43, 180 

37, 339 

28,510 

30, 971 

19, 423 

21, 454 

16, 985 

71, 504 

69, 084 

36, 296 

32, 841 

24,168 

2,934 

4,414 

5,739 

4,117 

9,135 

11,884 








6-7 


$2, 048 

4,430 

4,735 

4,854 

4,375 

5,508 

3,940 

5,593 

4,985 

31, 492 

43,244 

41, 977 

38, 362 

48, 827 

16, 584 

16, 223 

14, 430 

48,442 

25, 146 

81, 526 






7-8. 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 

20-25 


$911 
195 
2,984 
6,124 
5,744 
14, 499 
8,121 
18, 937 


$4, 354 
12, 659 


25-30 . 


8,617 
11,918 


30-40 


40-50 


7,473 

6,575 

682 


50-60 - 

60-70.- 


70-80 — 




80-90 


78 


90-100 


6,757 
33,600 




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 


40,329 


96, 835, 681 


1, 441, 695 


949, 458 


446, 721 


97, 872 


52, 356 




Summary for preced- 
ing years: 3 
1932 


42, 624 
29, 850 
39,917 
45, 023 
40, 789 
45, 349 

49, 476 

50, 379 
110,404 
135, 864 


109, 841, 833 
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 


1,403,991 
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 










1931 










1930.. 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



103 



Table 9. — Individual returns for 19SS by States and Territories and by net income 
classes, shoiving 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 — 
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 (est.)' 

Under 1 (est.) 

1 2 (est ) l 


5,048 

60 

6,865 

5,325 

5,272 

1,932 

965 

2, 160 

131 

1,161 

41 

541 

347 

236 

143 

109 

45 

51 

52 

39 

23 

96 

30 

27 

19 

11 

4 

2 

3 


$3, 151, 113 

33, 661 

10, 125, 986 

7, 447, 823 

12,847,756 

5, 013, 584 

3,205,791 

7, 483, 589 

566, 119 

5, 140, 933 

223, 339 

2, 947, 473 

2, 242, 367 

1, 758, 216 

1,215,639 

1, 037, 954 

473, 409 

587, 286 

650, 646 

527, 270 

332, 876 

1, 660, 407 

667, 949 

726, 307 

637, 102 

484, 343 

225, 664 

131, 388 

231, 254 












$883 


$883 














1 2 (est ) 


82,827 


82,827 








2-3 (est )' 








2-3 (est ) 


54, 531 


54,531 








3-4 (est ) l 








3-4 (est ) 


71, 134 


71, 134 








4 5 (est )' 








4-5 (est ) 


70,859 


70,859 








5-6 i 








5-6 


51, 231 
48, 476 
43, 893 
36, 275 
34, 835 
19, 174 
25, 985 
29, 225 
24,098 
16, 059 
97, 678 
50, 498 
58, 080 
53, 983 
55, 929 
40, 991 
22, 129 
29,228 


51,231 
46, 876 
40, 474 
32, 703 
30, 994 
16,914 
22, 397 
24, 359 
19,200 
12, 403 
70, 413 
33, 229 
35, 039 
22, 561 
27,206 
14,845 
3,921 








6-7 


$1, 600 
3,419 
3,572 
3,841 
2,260 
3,588 
4,866 
4,898 
3,656 
27, 128 
18,828 
29, 209 
34, 934 
37, 197 
26, 146 
18, 145 
12, 530 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 


$2,128 


$1, 991 


20-25 


1,559 


25-30.. 




6,168 


30-40 . 


3,368 
2,920 


6,880 


40-50. 


11, 394 


50-60 




60-70 


63 
16, 698 




70-80 


























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 
















































Total 


30, 738 


71, 777, 244 


1, 018, 001 


784, 999 


235, 817 


25, 177 


27,992 






Summary for preced- 
ing years: 3 
1932 


29,643 
27, 495 
32, 660 
37, 557 
32, 929 
35, 575 
32, 732 
34,284 
84, 080 
86,291 


73, 547, 043 
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 


1,223,811 
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 










1931 










1930 










1929 










1928 










1927. 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



104 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 by States and Territories and by net income 
classes, shotoing 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 — 
123^ per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12K per- 
cent on 
capital 

net gain 


Under 1 (est.) 1 

1 2 (est )' 


3,270 

66 

6,649 

5,777 

6,393 

2,025 

1,767 

2,214 

291 

1,146 

93 

740 

499 

291 

227 

150 

115 

75 

77 

60 

50 

128 

83 

39 

46 

25 

9 

5 


$2, 312, 652 

34, 634 

9, 651, 460 

7, 619, 018 

15, 913, 534 

5, 270, 697 

5, 878, 834 

7, 629, 931 

1, 268, 889 

5, 104, 179 

505, 063 

4,051,777 

3, 225, 792 

2, 178, 891 

1, 921, 629 

1, 422, 206 

1,211,275 

862, 648 

959, 801 

808, 729 

726, 505 

2, 202, 801 

1,851,083 

1,072,602 

1, 562, 051 

1, 105, 528 

485, 322 

327, 166 












$756 


$756 
















65,049 


65,049 








2 3 (est )' 










47, 492 


47, 492 








3-4 (est )' 










59, 702 


59, 702 


















64, 420 


64, 420 


















66, 569 
56, 980 
51,294 
51, 099 
43, 061 
38, 071 
29,839 
33, 617 
31, 897 
29, 679 
109, 638 
116,073 
77, 871 
139, 076 
119,691 
57, 857 
47, 366 


66, 569 
53, 836 
46, 964 
45. 545 
37,818 
32, 297 
24, 587 
26, 411 
24,432 
21, 587 
74, 229 
77, 062 
43, 743 
60, 451 
46, 466 
25, 830 
9,126 










$3, 144 

4,330 

5,554 

5,243 

5,774 

5,252 

7,236 

7,465 

8,092 

38, 119 

52, 748 

44,349 

89,104 

88, 535 

52, 803 

34,232 






























11-12 






















15-20 


$204 

10 

590 

5,479 

6,371 

158 

5,524 


$2, 914 


20-25 


13, 747 


25-30 - 


10,811 


30-40 


15, 958 


40-50 


21, 681 


50-60 


20, 934 


60-70 


1,516 






80-90 


6 
3 
6 
2 
2 
1 
1 


509, 417 
281, 833 
710, 726 
329, 252 
( 2 ) 
( 2 ) 
( 2 ) 


86, 918 
37,219 
162, 312 
87, 338 
( J ) 
( 2 ) 
( 2 ) 


7,778 

4,661 

28, 440 

5,640 


63, 711 
47, 672 
99, 488 
72, 302 


20, 524 
3,787 

34, 384 
9,396 
( 3 ) 


5,095 


90-100 


18, 801 


100-150 
















( a ) 
( 3 ) 








(') 












1 


( 2 ) 


( 2 ) 


( 2 ) 


( J ) 


( 2 ) 












































































































1, 757, 689 


313, 758 


3,009 


149, 062 


161,687 










Total 


32, 332 


90, 753, 614 


2, 024, 772 


1,003,900 


884, 215 


248,114 


111,457 






Summary for preced- 
ing years: 3 
1932 


32, 454 
26, 991 
31,021 
34, 623 
35, 367 
33, 004 
32, 821 
37,315 
72,119 
79, 091 


89, 484, 542 
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 


1, 554, 630 
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 






























1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



105 



Table 9. — Individual returns for 19SS 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 

LOUISIANA 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


\2]/ 2 per- 
cent on 
capital 

net gain 


credit — 
12}^ per- 
cent on 
capital 
net loss 


Under 1 (est.) 1 - 


3,865 

25 

5,084 

5,832 

7,139 

2,272 

2,218 

2,747 

173 

1,448 

58 

783 

465 

251 

169 

108 

66 

66 

43 

31 

31 

79 

49 

19 

33 

13 

5 

9 

6 

4 

2 

1 


$2, 589, 037 

14, 564 

7, 262, 076 

7, 509, 680 

18, 156, 329 

5, 886, 968 

7, 378, 126 

9,461,814 

742, 870 

6,459,126 

314, 839 

4, 287, 243 

2, 998, 967 

1, 859, 779 

1, 433, 150 

1,027,613 

696, 622 

757, 103 

536, 010 

418,042 

449, 669 

1, 334, 422 

1, 065, 326 

519, 306 

1, 126, 675 

551, 095 

281, 138 

576, 732 

442, 631 

347, 942 

( 2 ) 

( 2 ) 












Under 1 (est.) 


$309 


$309 








1-2 (est.) i 








1-2 (est.) 


57, 924 


57,924 








2-3 (est.) L_ 








2-3 (est.) 


56, 410 


56, 410 








3-4 (est.) i 








3-4 (est.) 


101,910 


101,910 








4-5 (est.) i 








4-5 (est.) 


102, 443 


102, 443 








5-6i 








5-6 


88, 330 
76, 548 
53, 428 
50, 424 
41, 498 
34, 199 
36,011 
26,119 
24,551 
27, 282 
78, 304 

74, 751 
41,310 
81,434 
66, 474 
40, 664 
73, 178 

75, 475 
93, 538 
(») 

( 2 ) 


88, 330 
74, 266 
49. 930 
46, 292 
37, 740 
30, 867 
31,426 
22, 090 
20,812 
22, 371 
61, 466 
51, 688 
27, 182 
42, 905 
32, 568 
18, 064 
11,941 
28, 545 
26, 698 
( 2 ) 
( 2 ) 








6-7 


$2, 282 

3,498 

4,132 

3,758 

3,332 

4,585 

4,029 

3,739 

4,911 

21, 140 

28, 859 

21, 502 

58, 168 

37, 706 

32, 408 

68, 097 

62, 660 

66, 840 

(') 

( 2 ) 






7-8 






8-9 






S-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 

20-25 

25-30 


$165 
1,176 


$4, 467 
6,972 
7,374 
30, 043 
12,112 
9,808 


30-40 

40-50 

50-60. 


10, 404 
8,312 


60-70. 

70-80 


6,967 
2,914 


13, 827 
18, 644 


80-90 


90-100 


( J ) 




100-150 


( 2 ) 


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 
















4,500-5,000 
















5,000 and over: _ 
















Classes grouped 2 




324, 359 


95, 046 


14, 683 


79,528 


4,301 


3,466 








Total 


33, 094 


86, 809, 253 


1, 497, 560 


1, 058, 860 


511, 174 


34, 239 


106, 713 




Summary for preced- 
ing years: 3 
1932 


33, 974 
28, 934 
32, 979 
35, 093 
36, 981 
37, 293 
38, 996 
40, 695 
67, 658 
67, 440 


92, 164, 323 
107, 673, 824 
138, 836, 043 
170, 713, 998 
184, 035, 325 
175, 254, 161 
185, 478, 850 
195, 585, 488 
221, 133, 422 
213, 802, 450 


1, 423, 510 
891,912 
1, 599, 639 
2, 859, 568 
4, 380, 028 
3, 174, 839 
3,311,535 
3, 850, 206 
3,528,511 
4, 438, 454 










1931 










1930 










1929 










1928 










1927... 










1926... 










1925 










1924 










1923 





















For footnotes, see p. 137. 



106 



STATISTICS OF INCOME 



Table 9. — Individual returns for 19SS by States and Territories and by net income 
classes, shoioing 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— 
123/2 per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12}^ per- 
cent on 
capital 

net gain 


Under 1 (est.) 1 

Under 1 (est.) 

1 2 (est )' 


2,194 

96 

3,871 

3,741 

3,286 

1,397 

846 

1,475 

129 

685 

59 

424 

323 

198 

130 

100 

81 

58 

36 

31 

37 

75 

49 

33 

30 

21 

9 

5 

2 

4 

1 

6 


$1, 402, 620 

46, 991 

5, 616, 954 

5, 149, 486 

8, 140, 885 

3, 568, 884 

2, 820, 262 

5, 088, 102 

579, 206 

3, 063, 181 

324, 963 

2, 314, 631 

2, 086, 370 

1, 472, 831 

1, 094, 518 

946, 876 

848, 833 

664, 374 

451,234 

415, 992 

538, 301 

1, 281, 555 

1, 100, 017 

904, 753 

1, 008, 451 

952, 450 

487, 821 

323, 286 

152, 786 

344, 984 

( 2 ) 
712, 732 












$931 


$931 
















50, 500 


50,500 








2-3 (est )' 










36, 308 


36, 308 








3-4 (est )' 








3-4 (est ) 


49, 192 


49, 192 








4-5 (est )' 








4 5 (est ) 


40, 979 


40, 979 








5-6 ' 








5-6 


41, 456 
40, 343 
33, 356 
27, 608 
26,241 
29, 892 
23, 876 

18, 062 
15, S36 
22, 732 
63, 131 
59, 291 
57, 812 
81, 107 
84, 638 
52, 887 
39, 125 

19, 545 
50, 669 

(?) 

112,802 


41,456 
38, 883 
30, 480 
24, 464 
22, 636 
25, 960 
19, 951 
14, 607 
12, 036 
16, 880 
47, 212 
44, 399 
33, 004 
42, 830 
29, 019 
29, 104 
12, 169 








6-7 


$1, 460 
2,876 
3,144 
3,605 
3,932 
3,925 
3.455 
3,800 
5,852 
20, 920 
31,048 
37, 131 
56, 297 
70, 728 
53, 693 
44, 053 
25, 298 
65, 621 
( 2 ) 
112, 225 






7 8 






8-9 






9-10 






10-11 






11-12 






12 13 






13 14 






14-15 






15-20 


$91 
2,399 

595 
4,022 
15, 663 


$5,092 


20-25 


18, 555 


25-30 


12, 918 


30-40 - 


22, 042 


40-50 


30, 772 


50-60 


29, 910 


60-70 




17, 097 


70-80 


5, 753 


80-90 


11,959 
( 2 ) 
1,540 




26,911 


90-100 






100-150 - 


30, 435 


31,398 






































300-400 


2 


( 2 ) 


( 2 ) 


(* 


( 2 ) 


( 2 ) 




400-500 




500-750 
















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 . 




































1, 915, 056 


787, 095 


33, 813 


705, 635 


47, 647 










Total 


19, 435 


55, 819, 385 


1, 865, 414 


710,312 


1, 254, 698 


100, 852 


200, 448 






Summary for preced- 
ing years: ' 
1932 


20, 867 
16, 218 
17,829 
19, 173 

18, 611 
18,710 

19, 709 
19, 444 
42, 254 
48, 435 


62, 981, 334 
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 


1, 597, 284 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



107 



Table 9. — Individual returns for 1933 by States and Territories and by net income 
classes, shoiving 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) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


12H per- 
cent on 
capital 

net gain 


credit— 
12^ per- 
cent on 
capital 
net loss 


Under 1 (est.)i 


7,494 

131 

13, 657 

12, 668 

13, 242 
5,123 
3,764 
7,025 

474 

4, 985 

207 

2,146 

1,343 

914 

571 

415 

332 

218 

202 

177 

147 

422 

229 

137 

142 

82 

54 

35 

15 

12 

5 

21 

8 

2 


$5, 1Q7, 753 
75, 324 
19, 841, 639 
18, 963, 498 
32, 979, 995 
12, 785, 436 
12,511,317 
24, 560, 840 

2, 098, 530 
22, 084, 892 

1.126,839 
11,688,478 

8, 673, 994 

6, 820, 734 

1, 835, 176 
3, 937, 324 
3, 464, 231 
2, 498, 720 
2,524, 102 
2, 388, 923 

2, 127, 438 
7, 332, 279 
5, 131, 196 

3, 767, 955 
4, 915, 927 
3,666,173 
2, 981, 355 
2,237,515 
1,112,730 
1,014. 175 

473, 684 
2, 477, 341 
1.418,440 

428, 926 












Under 1 (est.) 


$686 


$686 








l-2(est.)' 








1-2 (est.) 


238, 601 


238, 601 








2-3(est.)i 








2-3 (est.) 


200, 378 


200, 378 








3-4 (est.)i 








3-4 (est.) 


271, 051 


271, 051 








4-5 (est. )i 








4-5 (est.) 


316,822 


316,822 








5-6' 








5-6 


218, 975 
183, 190 
172,356 
141, 532 
132, 042 
123, 547 

99. 743 
112,465 
108, 087 
103, 410 
396, 381 
309, 882 
249, 366 
416, 077 
360, 578 
366, 115 
277, 044 
143,454 
186, 048 

89, 214 
563, 345 
400, 052 
151, 866 


218, 975 
176, 993 
158, 832 
127, 542 
117,618 
107, 385 
83, 982 
93, 153 
85, 980 
80, 092 
296, 977 
209, 717 
157, 546 
225,174 
132, 988 
120,309 
78, 590 
43,118 
17,942 
30,518 
62, 167 
29, 830 








6-7 


$6, 197 

13, 524 

13, 990 

14,424 

16, 162 

15, 761 

19,312 

22, 107 

23, 318 

123, 384 

145, 833 

154, 625 

293, 218 

297, 315 

325, 580 

292, 812 

158, 489 

155. 918 

96, 744 

512, 359 

407, 430 

156, 382 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 


$3, 469 

1,525 

2, 958 

6,387 

24, 862 

9,217 

7,838 

11,862 

21.542 

1,006 

51, 865 

21.447 


$27, 449 
47, 193 
65, 763 


20-25 


25-30 


30-40 


40-50 




50-60 


88,991 
102, 196 
70, 015 
9, 3,54 
39, 054 
63, 046 
58,655 


60-70 


70-80 


80-90 


90-100 


100-150 


150-200 


200-250 


250-300 




300-400 


2 
2 
2 
2 
2 


711,723 

832, 573 

1,315,050 

1, 692, 501 


212, 582 
102, 207 
593, 646 
609. 401 


23,407 
1,252 
1,483 


150, 761 
265 
614, 897 
556,319 
551,399 


38, 674 
100, 691 

~ 53,082" 
86, 908 




400-500 




500-750. . . 


.'•-', 734 


750-1,000 


1,000-1,500 


2, 008, 289 638. 307 






1,500-2,000 








2,000-3,000 
















3,000-4,000 
















4,000-5,000 
















5,000 and over 


























5, 138, 525 






Total 


76,409 


244,613,015 


8,488,451 


3, 709, 108 


443. 333 


802,515 


Summary for preced- 
ing years: i 
1932 


83, 223 
60, 898 
68, 426 
68, 654 
65, 258 

65, 099 
67, 160 

66, 152 

126, 226 

127, 770 


265,618,871 
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 


7, 978, 435 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 























For footnotes, see p. 137. 



5984—35 



108 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 — 


(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12>2 per- 
cent on 
capital 

net gain 


ny 2 per- 
cent on 
capital 
net loss 


Under 1 (est.)' 

Under 1 (est.) 

1-2 (est )■ 


28,732 

1,203 

46, 126 

41,864 

39, 443 

19, 070 

8,445 

15, 998 

1,354 

8,217 

620 

4,791 

3,454 

2,383 

1,600 

1,361 

990 

771 

588 

552 

418 

1,339 

773 

472 

577 

347 

166 

106 

59 

36 

25 

55 

15 

5 

1 

1 

1 


$18, 469, 564 

596, 733 

67, 610, 321 

59,401,470 

97, 013, 597 

48, 0S4, 985 

28, 065, 899 

55, 342, 040 

5, 973, 249 

36, 462, 243 

3, 379, 677 

26, 188, 122 

22,318,937 

17, 781, 178 

13, 547, 040 

12, 898, 150 

10,370,925 

8, 849, 732 

7, 347, 180 

7, 439, 667 

6, 001, 328 

23,109,818 

17, 263, 299 

12,921,724 

20, 077, 523 

15, 466, 435 

9, 067, 847 

6,827,941 

4, 410, 054 

3, 060, 812 

2, 376, 142 

6, 459, 022 

2,578,715 

( 2 > 

( 2 ) 

( 2 ) 

( 2 ) 












$11,015 


$11,015 














1 2 (est ) 


635, 042 


635, 042 








2-3 (est )' 








2 3 (est ) 


614, 173 


614, 173 








3-4 'est )i 








3-4 (est ) 


569, 855 


569, 855 








4-5(pst.)i._ .— 

4-5 (est ) 








510, 861 


510,861 








5 6 ' 








5 6 


455, 888 

422, 514 

406, 384 

365, 667 

402, 566 

345, 343 

321, 907 

286, 885 

320, 685 

270, 726 

1,113,798 

1, 000, 863 

818,799 

1,443,774 

1, 400, 841 

912,031 

855,127 

626, 400 

522, 392 

445, 416 

1, 503, 280 

881,899 

( 2 ) 

( 2 ) 

( 2 ) 

( 2 ) 


455, 888 
400, 332 
370, 989 
325, 295 
354, 930 
295, 793 
268, 367 
231, 165 
251, 742 
202, 275 
825, 9.86 
679, 425 
518, 297 
775, 871 
545, 401 
268, 707 
230, 619 
175, 549 
107, 197 

71, 609 
209, 044 

80, 989 

("> 

( 2 ) 

f 2 ) 

( 2 ) 








6-7 


$16,182 

35, 395 

40, 372 

47, 636 

49, 550 

53, 540 

55. 720 

68, 943 

08, 451 

382, 684 

483, 406 

524, 876 

1,171,812 

1, 268, 289 

952,114 

880, 357 

687,115 

573,516 

467, 626 

1,560,579 

836, 472 

( 2 ) 

( 2 ) 

(2) 
( 2 ) 






7-8 - 






8-9 






9-10 






10-11 






11 12 






12-13 






13-14 




14-15 






15-20 


$3, 832 
12,386 
18, 589 
44, 299 
80. 513 
45, 797 
27,184 
11,846 

20, 017 
57, 781 
5,496 
( 2 ) 
( 2 ) 

( 2 ) 


$98, 704 


20-25.. 


174, 354 


25-30 -. 


242, 963 


30-40 


548, 208 


40-50 --- 


493, 362 


50-60 . --- 


324, 587 


60-70 


283, 033 


70-80. - 


248, 110 


80-90 


158, 321 


90-100 

1CO-150-. 


113.836 
324,124 


150-200 -. 


41,058 


200-250 


( 2 ) 


250-300 




300-400 - 


( 2 ) 


400-500 




500-750 




750-1.000., 
















1,000-1,500 


1 


( 2 ) 


( 2 > 






( 2 ) 




1,500-2,000 








2,000-3,000 


1 


( 2 ) 


( 8 ) 


( 2 ) 


( 2 ) 






3,000-4,000 






4,000-5,000 
















5,000 and over 




















5, 845, 327 


2, 269, 866 


266, 760 


1, 849, 522 


233, 392 


79, 808 








Total 


231, 960 


682, 660, 696 


19, 763, 997 


10, 259, 176 


12,074,157 


561,132 


3, 130, 468 




Summary for preced- 
ing years: 3 
1932 


249, 766 
193, 504 
202, 253 
213,316 
215, 559 
214,356 
224, 042 
221, 530 
378, 049 
415, 100 


735, 390, 899 
800, 923, 153 
1, 010, 333, 740 
1,371,651,741 
1, 357, 076, 374 
1,189,273,214 
1,147,576,498 
1,132,289,870 
1,320, 156,959 


15, 619, 149 
12,380,194 
26, 509, 775 
57, 857, 223 
59, 738, 973 
43, 949, 866 
37,115,976 
41,052.088 
40. 857. 137 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923.. 


1,413,015,994 42.527.993 

























For footnotes, see p. 137. 



STATISTICS jOF INCOME 



109 



Table 9. — Individual returns for 1933 by Slates and Territories and by net income 
classes, showing number of returns, net income, tax, tax before lax 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 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12y 2 per- 
cent on 
capital 
net gain 


credit — 
12^ per- 
cent on 
capital 
net loss 




17, 669 

142 

23, 155 

17, 336 

20, 704 

6,724 

5,360 

8,434 

539 

4,652 

178 

2,043 

1,344 

767 

589 

405 

300 

235 

206 

137 

123 

383 

173 

125 

124 

70 

34 

24 

20 

10 

5 

25 

6 

4 

4 


$11, 407, 080 

82, 887 

33, 576, 816 

25, 854, 954 

51, 405, 057 

16, 810, 325 

17,860,142 

29, 428, 456 

2, 351, 824 

20, 559, 376 

975, 973 

11, 143, 858 

8. 696, 807 

5, 710, 560 
4, 984, 458 

3, 844, 538 
3, 157, 722 
2, 698, 957 

2, 571, 772 
1, 850, 360 
1, 776, 641 

6, 606, 520 
3,841,711 
3, 421, 775 

4, 350, 243 

3, 095, 663 
1, 836, 782 
1, 536, 370 
1, 474, 091 

835, 460 
477. 915 

2, 990, 831 
999, 987 
886, 916 

1, 117, 900 












Under 1 (est ) 


$1, 698 


$1, 698 








1-2 (est )' 








1-2 (est.).. 


324, 296 


324, 296 








2-3 (est.) 1 .. 








2-3 (est.) - 


257, 428 


257, 428 








3-4 (est.) 1 








3-4 (est.) . . 


302, 710 


302, 710 








4-5 (est )' 








4-5 (est.) . 


262, 135 


262, 135 








5-6i 








6-6. 


189, 454 
174, 932 

141, 004 

142, 465 
125, 534 
113,299 
111, 194 
117, 708 

85, 675 
91, 661 
342, 737 
240, 903 
239, 088 
365, 683 
315, 872 
183, 781 
211,020 
205, 160 
153. 504 
77, 177 
599, 848 
271, 929 
221, 416 

143, 552 


189. 454 

168, 420 

129, 786 

127, 785 

111, 120 

97, 985 

94, 645 

97, 940 

68, 440 

72, 298 

266, 950 

168, 968 

131, 538 

174, 882 

101, 078 

68, 627 

44,852 

35,443 

25, 691 

3,566 

62, 152 

11, 955 

730 

4,150 








6-7. 


$6, 512 
11,218 
14, 680 
14, 414 
15,314 

16, 549 
19, 768 

17, 235 
19, 363 

110, 455 
108, 072 
131, 953 
243, 833 
232, 220 
186, 997 
199, 217 
192, 977 
152, 959 
101, 634 
485, 408 
327, 754 
186,317 
10,554 






7-8. 






8-9. 






9-10. . 






10-11 






11-12 






12-13 






13-14 






14-15... 






15-20 


$20 

1,927 

17, 187 

17,483 

36,390 

9,716 

7,601 

26, 927 

149 

137 

122, 705 


$34, 688 


20-25 


38,064 


25-30 


41,590 


30-40. 


70, 515 


40-50 


53, 816 


50-60 


81, 559 


60-70 


40,650 


70-80 


50,187 


80-90 


25, 295 


90-100 


28, 160 


100-150 


70, 417 


150-200 


67, 780 


200-250 


41, 171 

128, 848 


6,802 


250-300... 




300-400... 




400-500.. 


2 
1 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 




( 2 ) 
( 2 ) 


( 2 ) 

( 2 ) 


( 2 ) 


500-750 






750-1,000. . 






1,000-1,500 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 




1,500-2,000 




2,000-3,000 
















3,000-4,000 . 
















4,000-5,000 




































2, 910, 353 


647, 941 


4,553 


477, 836 


219, 937 


54,385 








Total 


112, 053 


293,131,080 


6, 660, 804 


3, 411, 275 


3, 283, 239 


630, 198 


663, 908 






Summary for preced- 
ing years: 3 
1932 


127, 515 
119,623 
147, 364 
177, 918 
179, 886 
175, 806 
176,804 
188, 669 
323, 733 
350, 072 


349, 800, 109 

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 


8, 380, 316 
11, 028, 018 
17, 479, 145 
40, 599, 864 
50, 601, 040 
35, 599, 799 
32, 408, 357 
33, 264, 014 
30, 983, 705 
28, 051, 017 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



110 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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— 
12J^ per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


123-£ per- 
cent on 
capital 

net gain 


Under 1 (est.) 1 

Under 1 (est.) 

1-2 (est.) 1 


5,919 

173 

11, 155 

14, 700 

10, 540 

3,697 

2.429 

3,454 

325 

2,342 

77 

1,348 

901 

566 

422 

293 

233 

179 

136 

111 

89 

244 

126 

110 

107 

49 

21 

15 

13 

5 

6 

12 

2 

2 


$4, 010, 752 
83, 168 
16, 586, 354 
19, 200, 344 
26, 117, 628 
9, 536, 815 
8, 124, 780 
11,973,731 

1, 410, 778 
10,457,345 

421, 925 
7, 378, 442 
5, 834, 904 
4, 227, 519 
3, 578, 464 

2, 784, 545 
2, 429, 281 
2, 062, 073 
1, 700, 185 
1, 503, 187 
1, 289, 775 
4, 195, 638 
2, 830, 303 
3, 004, 023 

3, 680, 837 
2, 174, 179 
1, 147, 563 

968, 958 
974, 952 
407, 958 
572, 434 
1, 456, 048 
345, 570 
( 2 ) 












$2, 347 


$2, 347 
















166, 905 


166, 905 








2-3 (est.) 1 










87, 626 


87, 626 








3-4 (est.) 1 










109, 755 


109, 755 


















140, 381 


140, 381 








5-6 • 








5-6 


129,611 

116,904 

101,319 

101, S68 

89, 775 

88, 947 

78, 920 

70, 675 

63, 091 

60, 082 

218, 609 

170, 818 

206, 158 

299, 048 

225, 795 

129, 143 

109, 660 

142, 656 

55, 155 

96, 981 

308. 416 

70, 089 

m 


129,611 
112,550 
92, 627 
91,107 
79, 498 
77, 054 
66, 270 
57, 114 
49, 077 
45, 839 
163, 833 
116,217 
123, 891 
148, 582 
84, 537 
36, 542 
24, 809 
39, 618 
19, 368 
21, 737 
27, 239 
1,487 
( 2 ) 








6-7 


$4, 354 
8,692 
10, 761 
10, 277 
11, 893 

12, 650 

13, 561 
14,014 

14, 243 
68, 910 
81, 777 

119,953 
215, 694 
158, 242 
120, 352 

92, 308 
134, 438 

72, 840 
104, 620 
274, 903 

51,714 

( 2 ) 






7-8..- 

8-9 










9-10 






10-11 






11 12 






12 13 






13-14 






14 15 






15-20 




$14, 134 


20-25. 

25-30 


$297 
3,286 
6,031 
27, 884 
4,505 
28,035 
11,978 


27, 473 
40,972 


30-40. 


71, 259 


40-50. 


44, 868 


50-60 

60-70 


32, 256 

35, 492 


70-80 


43, 378 


80-90 


37, 053 


90-100 


6,004 
43, 263 
16, 888 
( 2 ) 


35, 380 


100-150 


36, 989 


150-200 




200-250 








300-400 


1 
1 


( ! ) 
( 2 ) 


(») 




(>) 


( 2 ) 




400-500 


(') 




























































































































1, 280, 276 


377, 248 


17,453 


296, 356 


63, 516 


77 








Total 


59, 803 


163, 750, 734 


3, 817, 982 


2, 133, 074 


1, 892, 552 


211,687 


419, 331 






Summary for preced- 
ing years: 3 


61,810 
52, 853 
57, 539 
60, 701 

60, 752 

61, 439 
64, 227 
71,291 

128, 237 
134, 360 


173, 772, 099 
213, 530, 771 
266, 572, 313 
337, 880, 743 
340, 152, 949 
295,670,416 
296,414,294 
305, 945, 206 
375. 588. 940 
372, 376, 782 


3, 477, 895 
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 










1931 










1930 










1929 




















1927 










1926 










1925 




















1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



111 



Table 9. — Individual returns for 19SS 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 


12K per- 
cent on 
capital 

net gain 


12H per- 
cent on 
capital 
net loss 




2,003 

14 

2,922 

1,314 

2,180 

626 

407 

607 

39 

297 

15 

167 

118 

65 

49 

32 

25 

9 

14 

7 

8 

17 

15 

9 

6 

1 


$1, 222, 975 

6,900 

4, 310, 070 

1, 866, 932 

5, 331, 209 

1, 350, 194 

1, 357, 744 

2, 104, 847 

170, 614 

1, 317, 040 

84, 020 

909, 174 

761, 812 

486, 997 

412, 795 

302, 833 

262, 325 

102, 262 

174, 492 

95, 597 

116, 524 

288, 180 

340, 825 

241, 340 

( 2 ) 

( 2 ) 














$182 


$182 








1-2 (est.) ' 








1-2 (est.) --- 


20, 781 


20, 781 








2-3 (est.) i 








2-3 (est.) 


14, 391 


14, 391 








3-4 (est.) ' - 








3-4 (est.) 


19, 205 


19, 205 








4-5 (est.) i 








4-5 (est.) 


16, 841 


16,841 








5-6 i 








5-6 


15, 661 

15, 154 

11,881 

12,828 

11, 243 

8,835 

4,013 

7,468 

5,857 

7,038 

16, 610 

25, 774 

18, 481 

( 2 ) 

( 2 ) 


15, 661 
14,615 
10, 910 
11,641 
10, 170 
7,590 
3,408 
6,150 
4,949 
5,738 
11, 974 
15, 221 
12, 380 
( 2 ) 
( 2 ) 








6-7 


$539 

971 

1,187 

1,073 

1,245 

605 

1,318 

908 

1,300 

4,636 

8,970 

9,669 

( 2 ) 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 -.- 






15-20 






20-25 


$2, 522 


. -.$939 


25-30 


3,568 


30-40 


( 2 ) 


( 2 ) 


40-50 


( J ) 


50-60 






60-70... 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 




( s ) 


70-80 






80-90 
















90-100 
















100-150 


1 


( 2 ) 


( 2 ) 




( 2 ) 


( 2 ) 




150-200 






200-250 
















250-300 
















300-400 . 
















400-500 
















600-750 
















750-1,000 
















1,000-1,500 
















1,500-2,000.- 
















2,000-3,000.. . 
















3,000-4,000. _. 
















4,000-5,000 




































403, 065 


38, 820 


12, 912 


20, 109 


15, 005 


9,206 








Total 


10, 868 


24, 020, 766 


271, 063 


214, 719 


52, 530 


17, 527 


13, 713 






Summary for preced- 
ing years: 3 
1932. 


10, 548 
9,888 
12, 147 
15, 689 
16, 140 
16, 964 
17, 196 
16, 985 
27, 213 
27, 851 


21, 584, 610 
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 


133 566 

87, 221 

251, 781 

600, 076 

763, 702 

816, 429 

643, 744 

989, 451 

1, 155, 729 

1, 685, 439 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 



















For footnotes, see p. 137. 



112 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 





Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 

credit— 
1233 per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


YV-A per- 
cent on 
capital 
net gain 


Under 1 (est.) ' 

Under 1 (est.) 

1-2 (est.) i 


6,694 

178 

20. 993 

19. 026 

17. 278 

6,238 

3,810 

6,584 

392 

3,356 

197 

2,259 

1,377 

1,008 

702 

544 

383 

315 

245 

218 

176 

470 

279 

162 

156 

98 

68 

37 

15 

7 

9 

18 

11 

4 


$4, 550, 253 
94,312 
30, 125, 985 
26, 189. 705 
43,202,910 
16, 116,703 
12, 539, 709 
22, 681, 637 
1, 721, 771 
14, 885, 352 

1, 077, 762 
12, 346, 906 

8, 907, 832 
7, 531, 243 
5, 956, 205 

5, 163, 562 
4, 012, 576 
3, 619, 088 

3, 053, 321 
2,929,771 
2, 553, 130 
8, 058, 738 

6, 215, 783 
4,445. 132 
5, 363, 894 

4, 350. 060 
3, 741, 008 
2, 358, 105 
1, 106, 079 

598, 624 
862, 758 

2, 105, 502 
1,978.495 

( 2 ) 












$2, 014 


$2,014 














1-2 (est ) 


269, 824 


269, 824 








2-3 (est.) i 








2-3 (est ) 


164, 138 


164, 138 








3-4 (est.) ' 








3-4 (est ) 


204, 316 


204, 316 








4-5 (est.) ' 








4-5 (est.) 


199, 074 


199, 074 








5-6 1 








6-6 


215, 713 
171, 377 
187, 478 
170, 871 
170, 134 

141, 469 

142, 775 
128, 150 
129,324 
122, 758 
424, 347 
385, 495 
310,061 
424, 145 
437, 759 
433, 473 
308, 198 
173, 237 
135, 846 
158, 790 
435, 992 
498,941 

( 2 ) 


215, 713 

164, 730 

172, 539 

153, 468 

151,068 

122,437 

120, 206 

105, 108 

102, 567 

94, 745 

310,652 

270, 964 

181, 463 

195, 471 

145, 646 

108, 759 

55,951 

20, 884 

26, 543 

28.927 

36, 037 

29, 988 

( 2 ) 








6-7... 


$6, 647 
14,939 
17, 403 
19, 066 
19, 032 

22, 569 

23, 042 
26, 757 
28,013 

132, 765 
173, 843 
177, 853 
316, 223 
353, 268 
394, 754 
271, 276 
174, 881 
111, 102 
167,923 
391, 633 
426, 123 
( 2 ) 






7-8 






8-9... 






9-10... 






10-11... 






11-12 






12-13 






13-14 






14-15 






15-20 


$1, 661 

2,564 
11,977 

9,729 

17, 602 

20,018 

32, 649 

414 

577 

5,585 
59, 958 
75, 969 

( 2 ) 


S20.731 


20-25 


61,876 


25-30 


61, 232 


30-40 


97, 278 


40-50 


78, 757 


50-60 


90,058 


60-70 


51, 678 


70-80 


22,942 


80-90 


2, 376 


90-100 


43, 645 


100-150 


51, 636 


150-200 


33, 139 


200-250 


( 2 ) 


250-300 




300-400 
















400-500 


1 


( 2 ) 


( 2 ) 




( 2 ) 




( 2 ) 


500-750 






750-1,000 
















1,000-1,500 
















1,500-2.000 
















2,000-3.000 
















3,000-4,000 
















4,000-5,000 
















5,000 and over... 




















1, 304, 367 


303, 227 


11,099 


295, 788 


62, 304 


65,964 






Total 


93, 308 


271, 748, 278 


6,848,926 


3, 664, 331 


3, 564, 900 


301,007 


681,312 






Summary for preced- 
ing years: 3 
1932 


95, 808 
80, 356 
85, 507 
98, 367 
99, 295 
96, 407 
99. 509 
109, 059 
186, 784 
192, 282 


290, 701, 858 
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 


6, 874, 748 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 _. 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



113 



Table 9. — Individual returns for 1933 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 

MONTANA 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit— 
12J3 per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


12J-2 per- 
cent on 
capital 
net gain 


Under 1 (est.)' 


339 

25 

2,183 

2,802 

2,230 

1,033 

734 

1,002 

64 

480 

13 

191 

124 

83 

56 

38 

22 

19 

7 

8 

7 

20 
8 
3 
7 
5 
3 
3 


$215, 616 

14, 442 

3, 150, 891 

4, 029, 664 

5, 771, 377 

2, 642, 064 

2,419,005 

3,476, 141 

276, 560 

2, 127, 019 

71,773 

1, 043, 751 

799, 756 

617. 872 

476, 093 

362, 681 

232, 334 

217, 626 

88, 658 

109, 032 

102, 274 

350, 975 

180, 195 

86, 432 

240, 291 

224, 617 

162, 155 

( 2 ) 












Under 1 (est.) 


$425 


$425 








1-2 (est.)'. 








1-2 (est.) 


46, 796 


46, 796 








2-3 (est.)' 








2-3 (est.) 


29, 637 


29, 637 








3-4 (est.)' 








3-4 (est.) 


30, 795 


30, 795 








4-5 (est.)i 








4-5 (est.). 


27, 443 


27, 443 








6-6 » 








5-6 


17, 693 
15, 877 
15, 821 
15, 343 
12, 997 

8,090 
8,919 
3,677 
6, 313 
4,762 
21,013 
11,258 
5,864 
23, 643 
15, 497 

18, 534 
( 2 ) 


17, 693 

15,312 

14, 627 

13, 945 

11,650 

6,965 

7,634 

2,977 

5,309 

3,611 

16, 130 

6,972 

1,963 

9,594 

8,914 

2,728 

( 2 ) 








6-7 


$565 

1,194 

1,398 

1,347 

1, 125 

1,285 

700 

1,034 

1,151 

6, 050 

5,229 

3,901 

14, 326 

19, 574 

17, 737 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 __ 






14-15 






15-20 




$1, 167 


20-25 




943 


25-30. 






30-40 


$82 


359 


40-50 


12, 991 


50-60 


13 


1,944 


60-70 


(2) 


70-80 






80-90 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 




90-100 




100-150 


1 


(?) 


« 


( 2 ) 


( 2 ) 


( 2 ) 




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 8 ... 




388, 128 


63, 460 


14, 763 


60, 797 


3,130 


15,230 








TotaL 


11,511 


29, 877, 422 


403, 887 


295, 883 


137, 413 


3,225 


32, 634 






Summary for preced- 
ing years: 3 
1932 


10, 087 
9,722 
11, 635 
17, 067 
17, 112 
18,651 
16, 191 
19, 239 
44,011 
42, 809 


28, 221, 605 
34, 667, 097 
45, 495, 235 
71, 397, 232 
72, 908, 121 
69, 654, 023 
59, 289, 994 
66, 825, 486 
107,241,911 
99, 255, 947 


496, 685 
209, 809 
461, 295 
1, 019, 300 
1, 298, 024 
867, 944 
561, 833 
580, 196 
731, 111 
721, 406 










1931 










1930 










1929 










1928 










1927 










1926 










1925. 










1924... 










1923 





















For footnotes, see p. 137. 



114 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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— 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12V 2 per- 
cent on 
capital 
net gain 


12H per- 
cent on 
capital 
net loss 


Under 1 (est.) ' 


2,452 

47 

5,116 

5, 111 

4,607 

1, 753 

1,113 

1,806 

125 

979 

30 

530 

321 

207 

162 

113 

93 

72 

48 

38 

16 

98 

40 

20 

11 

16 

6 

3 

1 


$1, 510, 169 

27, 363 

7, 355, 462 

7, 065, 610 

11,602,477 

4, 506, 738 

3, 642, 567 

6, 285, 530 

535, 827 

4, 364, 829 

163,310 

2, 893, 067 

2,063, 111 

1,546,811 

1, 376, 643 

1, 070, 254 

972, 743 

824, 014 

597, 649 

510, 226 

232, 707 

1, 684, 274 

882, 802 

542, 784 

380, 546 

703, 705 

329,944 

198, 528 

( 2 ) 












Under 1 (est.) ._ 

1-2 (est ) i 


$398 


$398 














1-2 (est ) 


74, 082 


74, 082 








2-3 (est ) • 








2-3 (est.) 


47, 219 


47, 219 








3-4 (est.) i 








3-4 (est ) 


57, 097 


57, 097 








4-5 (est.) i. 




• 




4-5 (est ) 


58,984 


58, 984 








5-6 ! 








5-6 - 


50, 263 
43, 424 
37, 462 
39, 237 
35, 142 

34, 478 

35, 461 
29, 287 
22, 634 

9,892 
94, 165 
66, 114 
48, 180 

36, 574 
82, 263 
30, 940 
19, 447 
( 2 ) 


50, 263 
42, 045 

34, 412 

35, 197 
31,173 
29,891 
30, 497 
24, 799 
17, 986 

7,302 
70, 436 
41, 809 
28, 811 
17, 410 
34, 934 
12,998 

4,953 
( 2 ) 








6-7 . 


$1, 379 

3,050 

4,040 

3, 969 

4, 587 

4,964 

4,488 

4,648 

2,590 

27, 511 

23,907 

21, 748 

23, 077 

59, 596 

30, 106 

27, 781 

( 2 ) 






7-8- - 






8-9 






9-10 . 






10-11 






11-12.. 






12-13.. 






13-14... 






14-15... 






15-20 


$31 

1,275 

662 


$3, 813 


20-25 


877 


25-30 


3,041 


30-40 


3,913 


40-50. . 




12, 267 


50-60... 


5,540 


17, 704 


60-70 


13,287 


70-80 




( 2 ) 


80-90 






90-100 . 
















100-150 
















150-200 


4 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


200-250 .. 




250-300 .. 
















300-400 


1 


( 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 . 




































1, 152, 853 


180, 554 


9,553 


71, 489 


103, 370 


3,858 








Total 


24, 939 


65, 022, 543 


1, 133, 297 


762, 249 


318,930 


110,878 


58, 760 






Summary for preced- 
ing years: 3 
1932 


25, 503 
23, 940 
27, 271 
30, 962 
31,426 

32, 170 

33, 532 
35, 661 
66, 512 
70, 545 


66, 007, 036 
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 


970, 563 
723, 426 
1,381,310 
1,919,473 
2,109.341 
1, 427, 747 
1,381,307 
1, 732, 535 

1, 848, 121 

2, 534, 257 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923.. 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



115 



Table 9. — Individual returns for 1933 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— 
ny 2 per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12' 2 per- 
cent on 
capital 

net gain 


Under 1 (est.) L 

Under 1 (est.) 

1-2 (est ) ' 


315 

6 

540 

1,067 

572 

373 

120 

372 

15 

113 

8 

75 

34 

24 

7 

4 

8 

2 

2 

3 

1 

9 

3 

3 

3 

3 

4 

1 

1 


$196, 131 

3,445 

811,877 

1, 492, 398 

1, 400, 490 

940, 022 

395, 927 

1, 273, 603 

64, 663 

502, 227 

44, 472 

407, 616 

216, 987 

175, 767 

59, 410 

38, 801 

83, 661 

22, 353 

25, 317 

41,064 

( 2 ) 

156, 855 
64, 342 
78, 790 
101, 742 
134, 398 
235, 498 
( 2 ) 
( 2 ) 












$24 


$24 
















14, 517 


14, 517 








2 3 (est ) l 








2-3 (est ) 


10, 189 


10, 189 








3-4 (est ) ' 








3-4 (est ) 


13, 249 


13,249 








4 5 (est ) ' 








4 5 (est ) 


8,228 


8,228 








6-6 i 








5-6 


8,934 
5,401 
5,615 
2,456 
1,920 
2,602 
607 
1,564 
1,259 

( 2 ) 
5,783 
5,538 
4,547 
7,623 
8,677 

42, 059 

( 2 ) 

( 2 ) 


8,934 
5,280 
5,303 
2,281 
1,772 
2,209 

480 
1,365 

808 
( 2 ) 

3,139 
3,870 
2,533 
1,775 
4,347 
13, 093 








6-7 


$121 
312 
175 
148 
393 
127 
199 
451 
( 2 ) 

2,644 
1,668 
3,044 
5,934 
11, 596 
21, 726 
( 2 ) 
( 2 ) 






7 8 






8-9 






9-10 






10-11 






11 12 






12-13 






13-14 






14-15 






15-20 






20-25 






25-30 




$1, 030 


30-40 


$22 


108 


40-50 


7, 266 


50-60 


7,240 




60-70 


( 2 ) 


70-80 


( 2 ) 












90-100 


1 
2 


(») 

( 2 ) 


( 2 ) 
( 2 ) 




( 2 ) 
( 2 ) 




(*) 


100-150 


( 2 ) 


( 2 ) 








































300-400 


1 


( 2 ) 


( 2 ) 




( 2 ) 


















































































































































804, 561 


230,008 


7,653 


219, 762 


4,191 


1,598 








Total 


3,692 


9, 772, 417 


380, 800 


111,049 


268, 300 


11,453 


10,002 






Summary for preced- 
ing years: ' 
1932 


4,102 
3,431 
4,006 
5,174 
4,477 
4,702 
4,797 
6,164 
10, 664 
10, 467 


10, 867, 743 
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 


362, 378 
349, 026 
472, 636 
356, 444 
477, 673 
228, 799 
195, 497 
178, 361 
184, 334 
241, 291 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



116 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 
of 

returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit — 
12 yi per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


12} -2 per- 
cent on 
capital 

net gain 


Under 1 (est.)'.. 


1,876 

64 

3,153 

3,330 

2,321 

1,014 

688 

994 

150 

515 

64 

369 

221 

154 

108 

72 

65 

47 

37 

25 

15 

68 

33 

16 

27 

8 

8 

4 

3 

2 


$1, 216, 848 
33. 681 

4, 440, 279 
4, 432, 344 

5, 752, 673 
2, 601, 844 
2, 296, 927 
3, 438, 160 

664, 465 

2. 323, 771 

349, 699 

2, 010, 667 

1, 422, 948 

1,152,711 

915,401 

679, 937 

682, 039 

542, 827 

459. 551 

339, 469 

219, 433 

1,154,658 

721, 267 

137 542 

930! 430 

346, 467 

433, 106 

268, 475 

225, 237 

161, 736 












Under 1 (est.) 

1-2 (est.)i 


$557 


$557 














1-2 (est.) 


40, 050 


40,050 








2-3 (est.)' 








2-3 (est.) 


26, 185 


26, 185 








3-4 (est.)i . 








3-4 (est.) 


30, 014 


30, 014 








4-5 (est.)i 








4-5 (est.) 


30, 073 


30, 073 








5-6i . 








5-6 -. 


32, 407 
24, 810 
25,860 
21, 670 
21,119 
22,654 
17,610 
16, 096 
14,465 
10, 895 
58,841 
36,824 
27, 222 
63, 179 
29,944 
27, 352 
15, 326 
40, 222 
28,591 


32, 407 
23,780 
23, 412 
18, 994 

18, 634 

19, 393 
14,294 
12, 669 
11,281 

8,417 

43, 429 

23, 913 

13,516 

29,993 

13, 001 

9,206 

6,542 

5,778 

11 








6-7 


$1, 030 
2,448 
2,676 
2,485 
3,261 
3,316 
3,427 
3,184 
2, 478 

18, 593 

19, 243 
17, 293 
55, 506 
28,843 
40, 461 
20,395 
36, 563 
28,580 






7-8 






8-9 






9-10. 






10-11 






11-12. . 






12-13.. 






13-14 






14-15 






15-20 

20-25 


$471 
697 

1,061 
659 


$3, 652 
7,029 


25-30 


4,648 


30-40 


22, 979 


40-50. 


11,900 


50-60 


6,460 
12, 533 


28. 775 


«0-70 


24, 144 


70-80 . 


2,119 


80-90 






90-100 






100-150... 


5 
2 


575. 704 
325, 205 


94,737 
76, 971 


4,740 
1,329 


148, 637 
66,007 




58,640 


150-200... 


10, 303 


668 


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 


15, 458 


41, 555, 501 


833, 674 


461,618 


504, 426 


32, 184 


164, 554 






Summary for preced- 
ing vears: 3 

1932 


15, 738 
12,177 

13, 927 

14, 341 
14, 132 
14,484 
15,276 
16,413 
31, 532 
36, 876 


43, 854, 575 
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 


746, 847 
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 










1931. 










1930. 










1929 










1928 .. 










1927. 










1926 _ 










192.5 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



117 



Table 9. — Individual returns for 19SS 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 JERSEY 





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 


credi t — 
12J^ per- 
cent on 
capital 
net loss 


Under 1 (est.) ' 

Under 1 (est.) 

1-2 (est ) ' 


15, 613 

807 

38, 531 

40, 504 

36, 073 

15, 402 

10, 972 

15, 567 

1,218 

7,676 

384 

5,262 

3,417 

2,274 

1,598 

1,191 

827 

674 

525 

37^ 

347 

1,078 

545 

325 

417 

189 

136 

79 

38 

33 

14 

53 

21 

7 

3 

4 


$11,300,950 

451, 206 

55, 860, 852 

55,248,468 

90, 758, 510 

39, 416, 146 

36, 321, 439 

53, 818, 000 

5,312,215 

34,061,160 

2, 088, 913 

28, 786, 307 

22, 082, 505 

16, 970, 058 

13, 552, 067 
11,289,627 

8, 681, 150 
7, 724, 157 
6, 569, 955 
5, 101, 453 
5, 018, 763 
18, 633, 681 
12, 151, 176 
8, 861, 823 

14, 247, 277 
8, 3S0, 430 
7, 384, 573 
5, 094, 845 
2, 845, 105 

2, 783, 371 
1, 324, 229 
6, 310, 349 

3, 578, 068 
1, 489, 869 

865, 188 
1,345,047 












$10, 301 


$10, 301 














1-2 (est )■ 


530, 175 


530, 175 








2-3 (est ) ' 








2-3 (est ) 


420, 816 


420, 816 








3-4 (est.) ' 








3_4 ( e <;t ) 


495, 278 


495, 278 








4-5 (est ) ' 








4-5 (est.) 


461, 068 


461,068 








5-6 ' 








5-6 


499, 869 
444, 224 
410, 498 
406, 890 
370, 589 
322, 790 
315,778 
294, 574 
244, 866 
241, 474 

1,013,325 
775, 237 
619, 513 

1.205,191 
831, 979 
902, 042 
710, 279 
411, 252 
490, 106 
293, 768 

1, 588, 459 

1.080,877 
463,211 
207, 231 
545, 337 


499, 869 
425, 267 
376, 957 
367, 126 
328, 822 
281,371 
268,704 
242, 912 
196, 779 
185, 884 
770, 359 
535, 102 
403, 496 
663, 837 
353, 066 
315, 908 
176, 812 

97, 258 
109, 807 

47, 795 
193, 647 
106, 747 

15, 825 
3,991 

53,223 








6-7 


$18, 957 

33, 541 

39, 764 

41, 767 

41,419 

47, 074 

51, 662 

48, 087 

55,590 

312, 577 

339, 106 

361, 737 

825, 441 

694, 942 

792, 845 

635, 330 

416, 495 

490, 191 

259, 764 

1, 430, 021 

1, 065, 515 

503, 014 

235, 008 

557, 809 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 


$3, 373 
10, 977 

7,154 
36, 192 
23,939 
16, 625 
35, 123 
27, 477 
14,304 

9,085 
91, 833 
37, 708 

9,821 
28,814 


$72, 984 


20-25. -. 


109, 948 


25-30 _. 


152,874 


30-40 


320, 279 


40-50.. 


239, 968 


50-60 .- 


223, 336 


60-70.. 


136, 986 


70-80. 


129, 978 


80-90 


124, 196 


90-100. 


22, 876 


100-150 


127,042 


150-200 


129,093 


200-250. 


65, 449 


250-300 


60, 582 


300-400 


65, 695 








500-750 


2 


1, 279, 432 


576, 277 




595, 261 


179 


19, 163 








1,000-1,500 


3 
1 

2 


3,811,474 
( 2 ) 
( 2 ) 


1, 920, 448 
( 2 ) 
( 2 ) 




1, 920, 691 
( 2 ) 
( 2 ) 




243 


1,500-2,000 


( 2 ) 
( 2 ) 




( a ) 


2 000-3 000 




( 2 ) 












































7, 562, 056 


3, S98, 460 


18, 071 


3, 881, 650 




1,261 










Total.. 


202, 190 


618, 361, 894 


23, 002, 182 


8, 956, 273 


15, 695, 258 


352, 604 


2, 001, 953 






Summary for preced- 
ing years: 3 
1932 


217,812 
178, 754 
187, 943 
195, 772 
196, 681 
195,467 
176, 320 
150, 874 
299, 904 
293, 503 


689, 687, 207 

785, 764, 184 

956, 732, 849 

1, 212, 423, 226 

1,241,411,359 

1,117,398,064 

1,032,297,571 

943, 672, 751 

1, 177, 421, 081 

1,050,741,177 


22, 079, 975 

13,971,251 
23, 219, 240 
43,956,017 
51, 889, 941 
38,911,894 
32, 858, 092 
32, 383, 155 
31,941,148 
30, 552, 642 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 























For footnotes, see p. 137. 



118 



STATISTICS OF INCOME 



Table 9. — -Individual returns for 1933 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— 
I2y 2 per- 
cent on 
capital 
net loss 


(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 

net gain 


Under 1 (est.) ' 

Under 1 (est.) 

1-2 (est ) i 


til 

5 

767 

1,199 

1,197 

525 

336 

473 

21 

282 

10 

117 

77 

42 

26 

11 

12 

9 

5 

1 

5 

8 

6 

2 

1 


$277, 807 
2, 578 

1,115,240 

1,660,015 

3, 058, 571 

1, 372, 889 

1, 107.639 

1, 635, 315 

92, 003 

1, 251, 655 

54. 319 

633, 008 

496, 297 

310, 032 

219, 673 

102, 624 
124, 566 

103, 065 
62. 987 
( 2 ) 

72. no 
13s. 2MI 
131,589 

54. 732 
( 2 ) 
P) 












$70 


$70 














1-2 (est ) 


16, 264 


16, 264 








2-3 (est ) ' 








2-3 (est.) 


13,647 


13, 647 








3-4 (est.) i 

3-4 (est ) 








19. 13S 


19, 138 








4-5 (est ) i 








4-5 (est.) 

5-6' 


21. 002 


21,002 














5-6 


13,312 
11,688 
9, 592 
8,459 
3, 552 
3, 313 
3,9*8 

3, 766 
( 2 ) 

4. 549 
6.827 
8, 069 
I, LIS 

( 2 ) 
P) 


13,312 
1 1, 34S 
9,016 
7,826 
3, 185 

2, 741 
3.317 

3, 277 

3, 764 

4, 539 

5, 60S 
1,874 

(2) 

C 2 ) 








6-7 


$340 
576 
633 
367 
572 
631 
489 
( 2 ) 

785 
2, 288 
3,598 
2,258 
P) 
( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 






20-25 




$1, 137 


25-30. . 




3.014 


30-40 . 




P) 


40-50 






50-60 






60-70 


1 


p) 


P) 


,., 


( 2 ) 




( 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 
















3,000-4,000. 
















4.000-5,000 
















5,000 and o\ T er 
















Classes grouped 2 . . . 




191, 527 


17, 657 


7, 625 


17. 203 




7, 171 











Total 


5, 577 


14, 268, 551 


165,971 


147. 553 


29,740 


11,322 








Summary for preced- 
ing years: 3 
1932 


5, 574 
5,389 

6, 28S 
6, 874 
6,686 
6,462 
6, 513 
7,203 

11,595 
12, 202 


14, 666, 467 
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 


178, 605 
117,336 
222, 459 
299, 882 
164, 430 
283, 403 
227,471 
178, 762 
223,842 
337, 354 










1931 










1930.. 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



119 



Table 9.— Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit — 
12^ per- 
cent on 

capital 
net loss 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 
net gain 


Tinder 1 (est.) ' 


74, 283 

2,154 

138, 763 

156, 140 

120, 235 

55, 702 

34, 401 

51,811 

4, 156 

26, 458 

1,348 

18, 622 

12, 939 

9,014 

6,356 

4,988 

3, 656 

2, 957 

2, 337 

2,011 

1,713 

5,224 

3,224 

2,218 

2,634 

1,444 

913 

600 

363 

259 

223 

463 

179 

94 

45 

42 

24 

28 

11 

12 

4 

4 

1 

1 


$53, 166, 802 

1,210,519 

198, 228, 197 

212, 690, 455 

300, 288, 060 

142, 325, 852 

114,285,946 

178, 794, 399 

18, 081, 729 

117,757,922 

7, 365, 145 

101, 789, 602 

83,723,111 

67, 349, 653 

53, 907, 572 

47, 285, 796 

38, 307, 832 

33, 993, 429 

29, 159, 658 

27,118,212 

21, 802, 826 

90, 31 

71,897,015 
60, 687, 871 

91, 425, 753 
509, 685 

49, 658, 005 

■"',6,996 

27, 184, 043 

22, 001, 507 
21, 085, 521 
55,204,368 
30,744,259 
21, 288, 981 
12, 128, 315 
14, 490, 441 
10, 889, 202 
17,151,173 

9, 464, 874 
14, 225, 456 
6, 575, 555 
( 2 ) 
( 2 ) 
( 2 ) 












Under 1 (est.) 


$20, 333 


$20, 333 








1-2 (est.) i. 








1-2 (est.) 


2, 049, 287 


2, 049, 2S7 








2-3 (est.) i .-. 








2-3 (est) 


1,638,142 


1, 638, 142 








3-4 (est.) i 








3-4 (est.) 


2, 013, 995 


2, 013. 995 








4-5 (est.) i 








4-5 (est.) 


1.676,400 


1, 676, 400 








5-6 1 . 








5-6 


l.si8,408 
1,7 '5, 532 
1,716,606 
1, 636, 439 
1,617,381 
1.-165,127 
1,433,677 
1,319,773 
1, 276, 932 
1,260,307 
'. 1115,714 

1. 630, 060 
4,215,392 
7,428,912 

6, 432, 549 

5, 447, 095 
5, 199, 139 
4, 217, 908 
4, 028, 928 
4, 228, 880 

13,006,603 
8, 234, 422 

7, 089, 488 
3, 976, 942 
4,815,164 
4, 245, 685 

6, 589, 431 
4, 054, 296 
4, 940, 269 

2, 217, 922 

( 2 ) 
( 2 ) 
( 2 ) 


1, 848, 408 
1,683,639 
1, 582, 556 
1,476,815 
1,442,291 
1, 282, 916 
1,226,087 

1, 097, 577 
1,024,402 

987, 190 
3.827,163 
[,310, ', 
2,881,090 
4, 238, 475 

2, 955, 017 
2,211,577 
1,765,942 
1, 166, 021 

945, 292 

910, 192 

2,313,183 

1,011,494 

811, 378 

422,911 

555, 045 

285, 232 

391, 635 

166,811 

150,480 

35. 580 

( 2 ) 








6-7 - 


$61,893 
134, 050 
159,624 

175, (Ml 
182.211 
207, 590 
222, 196 
252, 530 
273,117 

1 , 504, 539 

2, 026, 970 
2, 4t:8, 458 
5, 435, 234 
5,406,861 
5,278, 161 
5, 135, 880 
4,205,842 
3, 923, 453 
4,097, 164 

13,439,267 
9,320, - 
7, 160, 854 
3,718,067 
5, 179,657 
4,09 

6,597,294 
3, '.»;-. 103 
4. I'M. ni2 
1, 10,090 
( 2 ) 

( 2 ) 






7-8-.. . 






8-9 






9-10 . 






10-11 






11-12 . 






12-13 .. 






13-14 






14-15 . 






15-20 


$15, 872 
47, 235 
88, 017 
174, 000 
196. 830 
174, 393 
140,439 
104, 806 
107, 770 
146, 787 
464, 319 
283, -" ' 
220, 667 
296, 797 
246,111 
178, 959 
321, 771 
158, 120 
710, 774 
372, 252 

( 2 ) 

( 2 ) 

( 2 ) 


$431, 860 


20-25 

25-30 


755, 032 
1,222,173 


30-40 

40-fO 

50-60 

60-70 

70-80 


2, 418, 797 
2, 126, 159 
2, 217, 036 
1, 843, 122 

1,258,761 


80-90 

90-100 


947, 587 
925, 263 


100-150 

150-200 


3, 210, 166 

'. -'. i 


200-250. 

250-300 


1,103,411 
460, 833 


300-400 


1, 165, 649 


400-500 


314, 589 


500-750 


721, 269 


750-1,000 


186^038 


1,000-1,500.. 


111,997 


1,500-2,000 




2,000-3,000. 


( 2 ) 


3,000-4,000 




4,000-5,000 
















17, 372, 285 


4, 780, 923 


59, 443 


5, 676, 433 


806, 629 


1, 761, 582 








Total 


748, 054 


2, 598, 890, 660 


137, 414, 061 


51,464,886 


106, 255, 608 ' 


5, 256, 447 


25, 562, 880 






Summary for preced- 
ing years: 3 
1932 


798, 685 
634, 057 
711,566 
757, 835 
780, 418 
766, 974 
753, 044 
751,941 
1,215,640 
1, 221, 654 


2, 764, 354, 206 
3, 108, 633, 729 
4, 189, 130, 106 
6, 253, 465, 699 
6, 458, 089, 207 
5, 398, 451, 005 
4, 984, 020, 281 
4, 903, 288, 994 
5, 144, 766, 182 
i, 565, 314, 898 


109, 593, 059 
77, 975, 788 
163, 508, 893 
3(16,687,348 
451, 606, 998 
305, 210, 059 
247, 164, 324 
252, 157, 834 
236, 774, 567 
192,311,565 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



120 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 by Slates and Territories and by net income 
classes, showing number of returns, net income, tax, tax before tax credit, andjax 
credit; also total number, net income, and tax for -prior years — Continued 



NORTH CAROLINA 



Net income classes 

(Thousands of 
dollars) 



Under 1 (est.) 1 — - 

Under 1 (est.) 

1-2 (est.)' 

1-2 (est.) 

2-3 (est.)' 

2-3 (est.) 

3-4 (est.)' 

3-4 (est.) 

4-5 (est.)' 

4-5 (est.) 

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 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4.000-5,000 

5,000 and over 

Classes grouped 2 . 

Total 



Summary for preced- 
ing years: 3 

1932 

1931 

1930 

1929 

1928. 

1927 

1926 

1925 

1924 

1923 



Number 

of 
returns 



3,042 

53 

5,295 

4,125 

8,049 

1,500 

2,316 

1,491 

365 

863 

105 

546 

388 

252 

199 

129 

115 

90 

62 

50 

39 

147 

64 

45 

37 

27 

17 

13 

6 

3 

5 

9 

2 

2 

2 

5 

1 

1 

1 

1 



29, 462 



25, 972 
22, 625 
25, 216 
28, 860 
30, 997 
33, 398 
35, 332 
38, 740 
63, 864 
68, 191 



Net income 



$2, 251, 002 

23, 065 

7, 789, 514 

5, 590, 150 

20, 163, 958 
3, 908, 204 
7, 741, 461 
5, 191, 850 
1, 613, 209 
3, 844, 960 
572, 228 
3,001,314 
2, 510, 563 
1, 883, 557 
1, 686, 828 
1, 229, 610 

1, 204, 940 
1, 029, 796 

774, 140 
677, 030 
565, 348 

2, 528, 118 
1, 413, 7S2 
1, 246, 083 
1, 269, 428 
1, 193, 579 

966, 800 
846, 312 
439, 616 
259, 078 
481, 029 

1, 093, 278 
326, 689 
415,091 
( 2 ) 

1,831,415 
( 2 ) 
( 2 ) 
( 2 ) 
( 2 ) 



4,110,040 



91, 673, 065 



76, 989, 708 
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 



Tax 



$742 
"52,~415 



33, 701 



41, 327 



45, 903 



46, 557 
43, 030 
38, 633 
43, 702 
33, 173 
32, 503 
30, 853 
26, 792 
32, 267 
23, 107 
118,200 
82, 722 
81, 234 
120,968 
114,490 
128, 625 
108, 581 
67, 825 
43, 604 
80, 638 
253, 430 
105, 868 
138, 290 
( 2 ) 
603, 844 
( 2 ) 
( 2 ) 
( 2 ) 
( 2 ) 



Tax before tax credit 



Normal 
tax 



$742 
'52*415 



33, 701 



41,327 



45, 903 



46, 557 
41, 217 
34, 926 
38, 732 
28,611 
26, 855 
24, 672 
20, 805 
25, 961 
16, 876 
80, 100 
45, 781 
30,874 
50, 716 
22, 014 
22, 086 
11,598 
8,239 
3,365 
1,741 
12, 052 



1, 548, 208 



4, 121, 232 



4,017,702 

2, 030, 396 
2, 426, 562 

3, 282, 957 
6,051,641 
4, 519, 870 
3, 398, 245 
3, 178, 767 

3, 777, 873 

4, 767, 257 



7,439 



775, 305 



Surtax 



$1,813 

3,707 

4,970 

4,562 

5,648 

6,181 

5,987 

6,306 

6,231 

41, 683 

39,248 

52, 694 

73, 390 

98, 095 

103, 223 

108, 908 

69, 458 

35, 602 

85, 628 

294, 915 

105, 998 

149, 466 

( 2 ) 
773, 642 
( 2 ) 
( 2 ) 
( 2 ) 
( 2 ) 



1, 844, 353 



3, 921, 708 



12^ per- 
cent on 
capital 
net gain 



84 



2,854 
3,075 
7,187 
4,712 



4,637 
5,568 



( 2 ) 



34, 873 



63, 533 



For footnotes, see p. 137. 



STATISTICS OF INCOME 



121 



Table 9. — Individual returns for 1933 by States and Territories and by net income 
classes, showing number of returns, net income, tax, tax before tax credit, and too- 
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— 


(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12>2 per- 
cent on 
capital 

net gain 


I2y 2 per- 
cent on 
capital 
net loss 


Under 1 (est.) i 

Under 1 (est.) - 

l 2 (est.) i 


1,441 

9 

2,027 

1,501 

1,702 

437 

287 

448 

27 

211 

6 

109 

60 

24 

19 

14 

8 

7 

4 

4 

3 

10 


$930, 172 

4,918 

3, 032, 297 

2, 046, 393 

4, 112, 562 

1,131,485 

948,317 

1, 540, 190 

118,643 

935, 789 

32, 463 

598, 515 

384, 251 

179, 636 

161,871 

134, 021 

83, 704 

80, 477 

49, 709 

53, 046 

( 2 ) 

170, 607 












$112 


$112 














1 2 (est ) 


20, 866 


20, 866 








2 3 (est ) i 








2 3 (est ) 


12,690 


12,690 
















3-4 (est ) 


12, 301 


12, 301 








4 5 (est ) l 








4-5 (est.) 


13, 201 


13, 201 








5-6 I 








5-6 


10,854 
7,115 
4, 695 
5,155 
4,881 
3,495 
2,867 
1,741 
3,171 

( 2 ) 
8,073 


10, 854 
6,843 
4,342 
4,677 
4,385 
3,102 
2,378 
1,370 
2,699 
( 2 ) 
5,556 








6-7 


$272 
353 
478 
496 
393 
489 
371 
472 

( 2 ) 

2,517 






7 8 






8-9 






9-10 






10-11 






11-12 






12-13 - - 






13-14 






14-15 






15-20 






20-25 






25-30 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 






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 




















70, 734 


3,883 


2,291 


1,592 














Total 


8,359 


16, 799, 800 


115, 100 


107, 667 


7,433 












Summary for preced- 
ing years: 3 
1932 


8,889 
7,013 
8,262 
9,170 
9,710 
9,758 
9,881 
11,715 
19, 160 
18,054 


18, 182, 308 
18, 469, 626 
24, 476, 992 
31, 197, 250 
34,878,015 


110,561 
42, 519 
8G, 704 
111,346 
209. 440 










1931 










1930 










1929 










1928 










1927 


33, 252, 341 187, 635 
33,169,117 180.012 










1926 










1925 


35,695,178 
48, 689, 794 
42, 973, 996 


162, 589 
268, 090 
276, 288 










1924 










1923 





















For footnotes, see p. 137. 



122 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 


12\4 per- 
cent on 
capital 

net gain 


Under 1 (est.)'- 

Under 1 (est.) 

1 2 (est ) l 


16, 404 

359 

39, 173 

35. 456 

33, 826 

12,315 

8, 756 

12, 199 

1,207 

6,360 

422 

3,868 

2,599 

1,753 

1,225 

863 

685 

526 


$11,245,919 

173, 296 

55, 914, 993 

47, 933, 046 

84, 585, 556 

31, 895, 288 

29, 040, 837 

42, 295, 851 

5, 252, 001 

28, 193, 904 

2, 297, 827 

21, 106, 439 

16, 831, 676 

13, 094, 355 

10, 378, 801 

8, 187, 425 

7, 179, 619 

6. 042. 541 












$2, 825 


$2, 825 
















454, 005 


454, 005 








2 3 (est )> 








2 3 (est ) 


292, 894 


292, 894 








3 4 (est )' 








3 4 (est ) 


380, 686 


380, 686 








4-5 (est )' 










354, 894 


354, S94 


















357,812 
319, 221 
292, 158 
284, 180 
248, 835 
245,714 
226, 892 
206, 594 
191,180 
164, 583 
709, 275 
574, 285 
470, 152 
878, 625 
675, 302 
490, 956 
475, 787 
385, 583 
297, 586 
221,438 
1,031,076 
597, 524 
515, 787 
550, 928 
228, 533 

( 2 ) 

( 2 ) 

( 2 ) 


357, 812 

306, 602 

266, 300 

253, 459 

218, 775 

211,722 

189, 151 

166,729 

149. 603 

123, 949 

509, 338 

384.114 

276, 623 

415,741 

270, 370 

149, 174 

141,979 

83, 176 

46, 984 

40, 360 

117, 549 

21,308 

15. 059 

14, 934 

4,010 

( 2 ) 








6 7 


$12, 619 
25, 858 
30, 721 
30, 060 
33, 992 
37, 741 

39, 865 
41, 577 

40, 634 
222, 506 
259, 052 
292, 049 
607, 885 
587, 824 
427, 745 
472, 904 
321, 870 
324, 559 
199, 117 

1, 018, 531 
602, 582 
611,716 
408, 417 
166,919 

( 2 ) 

(') 

( 2 ) 












8 9 






9-10 






10 11 












12 13 


415 B. 176. 019 






13 14 


331 

255 

782 

423 

266 

301 

167 

72 

60 

31 

25 

12 

37 

13 

9 

8 

3 

4 

1 

1 


4, 467, 752 
3,691,421 
13, 490. 708 
9,371,006 
7, 275, 086 
10, 481, 757 
7, 384, 857 
3, 945, 309 
3,910,506 
2, 308. 394 
2, 123, 748 
1, 1 j8, 506 
4,370,163 
2, 347, 635 
2, 051, 147 
2. 139, 565 
1, 073, 032 

( 2 ) 

( 2 ) 

( 2 ) 












15-20 


$5, 476 
8,629 
13, 839 
38, 497 
42, 395 
10, 440 
41,856 
29, 692 
38, 203 
22, 474 
44, 151 
54, 394 
42, 687 
127, 577 
77, 818 
( 2 ) 


$28, 045 


20-25 


77, 510 


25-30 


112,359 


30-40 


183, 498 


40-50 


225, 287 


50-fiO 


96, 403 


60-70 — 


180. 952 


70-80 


49, 155 


80-90 


112, 160 


90-100 


40, 513 


100-150 


149, 155 


150-200 -.. 


80, 760 


200-250 


153, 675 


250-300 .. - 




300-400 


20, 214 


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..- 




































3, 298, 029 


1, 112, 115 


28, 295 


937, 602 


149, 972 


3,754 








Total 


181,212 


511, 694, 014 


13, 237, 425 


6, 248, 420 


7, 754, 345 


748, 100 


1,513,440 






Summary for preced- 
ing years: J 
1932 


188, 141 
164, 809 
199, 600 
215, 804 
218, 479 
222, 707 
231, 196 
224, 643 


556, 313, 005 
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 


12, 296, 627 
9, 742, 860 
21,879,272 
43, 633, 678 
55, 393, 575 
35, 519, 337 
32, 839, 052 
30, 321, 360 

32. 061.S22 

33, 061, 877 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 


418,048 1,403,748,590 
463,017 ll.457. 696. 567 










1923 - 

























For footnotes, see p. 137. 



STATISTICS OF INCOME 



123 



Tafle 9. — Individual returns for 1933 by States a7id 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


12J4 per- 
cent on 
capital 

net gain 


credit— 
12y 2 per- 
cent on 
capital 
net loss 


Under 1 (est.) • 


4,098 

67 

8,024 

3,808 

6,858 

1,780 

1,708 

2,616 

224 

1,402 

35 

726 

452 

324 

187 

180 

120 

79 

83 

52 

44 

160 

75 

57 

26 

20 

12 

2 


$2, 564, 474 
35, 480 

11, 874, 770 
5, 426, 692 

17, 043, 062 
4, 635, 236 
5, 662, 800 
9, 062, 726 
967, 883 
6,231,294 
191,748 
3, 963, 961 
2, 929, 843 
2, 420, 657 
1,576,357 
1,711,689 

1, 257, 362 
905, 926 

1, 037, 029 
700, 807 
637, 327 

2, 766, 794 
1, 685, 019 
1, 536, 233 

883, 425 
877, 385 
644, 663 
124,977 












Under 1 (est.) 


$585 


$585 








1-2 (est.) i 








1-2 (est.) 


58,604 


58,604 








2-3 (est.) i 








2-3 (est.) 


47, 943 


47, 943 








3-4 (est.) i 








3-4 (est.) 


80, 721 


80, 721 








4-5 (est.) • 








4-5 (est.)- 


84, 135 


84, 135 








5-6 ' 








5-6 


70,610 
61,065 
60, 980 
45, 667 
59, 974 

49. 137 
38. 821 
46,760 
36, 829 
34,810 

170,090 
123, 344 
124, 937 
83,440 
107, 804 

70. 138 
19, 353 


70, 610 
58, 873 
56, 245 
41,128 
53, 709 
43, 185 
33, 350 
38, 892 
30, 336 
27, 792 
127, 343 
80. 061 
73, 182 
41, 562 
43, 523 
21,412 
3,943 








6-7 


$2, 192 

4, 735 

4,539 

6,265 

5,952 

5,471 

7,868 

6,493 

7,018 

46, 369 

45, 629 

59, 559 

49, 436 

61, 608 

58, 391 

14, 674 






7-8 






8-9 






•9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 .. 


$1, 133 
5, 704 
3,758 
5,204 
14,047 
10, 460 
736 


$4, 755 


20-25 ... 


8,050 


25-30 .. 


11,562 


30-40... 


12, 762 


40-50 


11,374 


50-60 


20, 125 


60-70 




70-80.. 




80-90 


1 
2 
1 

1 


m 
( 2 ) 
( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 
( 2 ) 
( 2 ) 




( 2 ) 
( 2 ) 
( 2 ) 

m 


( 2 ) 
( 2 ) 
( 2 ) 




90-100 


( 2 ) 

m 
( 2 ) 


( 2 ) 


100-150 




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 




































553, 286 


132, 630 


18,511 


111,470 


13,428 


10, 779 








Total 


33,224 


89, 908, 905 


1, 608, 377 


1, 135, 645 


497, 669 


54, 470 


79,407 






:Summary for preced- 
ing years: s 
1932 


31,832 
28,242 
32, 526 
37,000 
37, 261 
39, 806 
37, 497 
40, 825 
63, 357 
70, 189 


83, 367, 347 
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 


1, 203, 868 
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 










1931 










1930 . 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















3Tor footnotes, see p. 137. 



•5984—35 



124 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1938 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 


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 (est.) 1 

1 2 (est )• 


1,738 

50 

6,839 

5,925 

5,664 

1,539 

1,813 

1,599 

119 

802 

14 

521 

260 

169 

111 

79 

59 

41 

31 

28 

32 

69 

23 

14 

17 

8 

5 

1 

2 


$999, 112 

25, 138 

9, 754, 430 

7, 938, 307 

14, 555, 797 

4, 026, 233 

5, 998, 822 

5, 502, 995 

519, 462 

3, 565, 974 

75, 117 

2, 826, 971 

1, 677, 165 

1, 249, 218 

938, 023 

743, 315 

619, 565 

470, 059 

388, 193 

374, 952 

460, 024 

1, 158, 716 

518, 532 

386, 961 

579, 529 

345, 734 

276, 993 

( 2 ) 

( 2 ) 












$592 


$592 














1 2 (est ) 


73, 914 


73, 914 








2 3 (est )> 








2 3 (est ) 


34, 625 


34, 625 








3_4 ( es t )i 










51, 268 


51, 268 








4 5 (est )' 








4-5 (est ) 


48, 503 


48, 503 








5-6 I 








5 6 


50, 590 
35, 352 
33, 779 
31, 694 

24, 707 

25, 453 
19, 820 
18, 301 
18, 883 
23, 026 
70, 164 
32, 078 
31, 447 
59, 833 
42, 876 
31, 098 
( 2 ) 

( 2 ) 


50, 590 
34, 139 
31, 424 
28, 976 

21, 726 

22, 502 
16, 976 
15, 326 
15, 476 
18, 068 
52, 693 
20, 433 
19,710 
33, 998 
20, 940 

9,902 

( 2 ) 
( 2 ) 








6-7 


$1,213 
2,355 
2,718 
2,981 
2,951 
2,844 
2,975 
3,407 
4,958 
18, 165 
14, 628 
16, 304 
31, 447 
28, 490 
31, 303 
( 2 ) 

w 






7 8 






8 9 






9-10 






10-11 






11-12 






12-13 






13 14 






14-15 






15-20 . .. - 


$74 
680 


$768 


20-25 


3,663 


25-30 


4, 567 


30-40 


4,991 


10, 603 


40-50 


6,554 


50-60 . 




10, 107 


60-70 




( 2 ) 


70-80 


( 2 ) 




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 




































223, 701 


37, 890 


13, 743 


26, 458 


4,342 


6,653 








Total 


27, 572 


66, 199, 038 


795, 893 


635, 524 


193, 197 


10, 087 


42,915 






Summary for preced- 
ing years: 3 

1932 


25, 845 
20, 181 
26, 047 
28, 194 

29, 333 
33, 903 

30, 955 
32, 542 
66, 669 
69, 123 


60, 519, 751 
73, 154, 659 
106,076,107 
129, 360, 5S7 
132, 829, 673 
140, 739, 425 
135, 030, 190 
132, 022, 718 
189, 884, 373 
189, 854, 013 


670, 442 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924... 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



125 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit— 
12}4 per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


WA per- 
cent on 
capital 

net gain 


Under 1 (est.)' 


32, 435 

725 

73, 639 

57. 792 

58, 239 

19, 903 

14, 988 

22, 202 

2,0 5 

12,713 

713 

7,141 

4,751 

3,216 

2,249 

1,702 

1,311 

975 

771 

655 

567 

1,725 

1, 032 

652 

706 

412 

237 

147 

77 

54 

40 

88 

42 

14 

11 

5 

3 

7 

2 

4 


$21, 396, 850 
410, 735 

105, 557, 065 
83, 299, 443 

145,841,736 
49, 849, 887 
49, 650, 709 
77, 245, 323 
8,804,412 
56, 312, 570 

3, 896, 488 
39, 005, 440 
30, 735, 004 
24, 008, 453 
19, 080, 659 
16, 125, 004 
13, 745, 371 
11,191,096 

9, 624, 931 
8, 827, 971 

8, 217, 455 
29, 677, 496 
23, 043, 967 
17, 856. 890 
24, 201, 663 
18, 294, 525 
13, 024, 426 

9, 538, 559 
5, 732, 298 

4, 573, 297 
3, 772, 370 

10, 352, 058 
7, 221, 130 
3, 091, 630 
2, 958, 549 
1, 763, 225 
1, 359, 845 
4, 176, 716 
1,974,305 
4, 810, 966 














$5, 967 


$5, 967 








1-2 (est.)i . 








1-2 (est.)-- - 


949, 255 


949, 255 








2-3 (est.)i 








2-3 (est.).. 


706, 909 


706, 909 








3-4 (est.)'.. 








3-4 (est.) 


813, 553 


813, 553 








4-5 (est.)' 








4-5 (est.) 


780, 948 


780, 948 








6-6 i . 








6-6 


679, 794 

597, 304 

573, 617 

530, 394 

520, 096 

477, 882 

428, 748 

397, 822 

374, 043 

386, 092 

1, 500, 201 

1, 419, 750 

1, 224, 861 

1, 982, 05i 

1,740,775 

1, 585, 159 

1, 225, 567 

939, 473 

771, 751 

826, 767 

2, 302, 924 

1,967,770 

1, 035, 047 

982, 820 

642, 663 

455, 230 

1, 849, 082 

705, 444 

1, 403, 020 


679, 794 

574, 528 

525, 970 

474, 331 

460, 687 

412, 082 

360, 997 

323, 058 

291, 837 

295, 485 

1,117,586 

965, 706 

761, 380 

1,009,167 

677, 189 

503, 205 

328, 649 

201, 289 

133, 015 

155, 242 

315, 100 

116, 863 

74, 954 

17, 370 

32, 523 

2,066 

10,813 

2,218 

27, 681 








6-7 


$22, 776 

47,647 

56, 063 

59, 409 

65, 800 

67, 751 

74, 764 

82, 206 

90, 607 

490, 666 

643. 782 

722, 327 

1,409,591 

1,504,645 

1,382,152 

1, 233, 823 

813, 290 

780, 864 

734, 701 

2, 250, 523 

1, 993, 311 

943, 368 

942, 280 

571, 330 

402, 229 

1, 830, 560 

621, 257 

1, 081, 853 






7-8 - 






8-9. 






9 10 






10 11 .. 






11-12 






12-13 






13-14 .. 






14-15 






15-20 


$5, 336 
22,664 
26, 270 
56, 609 
58,416 
66,683 

45, 615 
65, 670 
39, 383 
25, 551 

175, 269 
127, 764 
47, 438 
57.776 

46, 234 
50, 935 
23,061 
81, 969 

309, 666 


$113, 387 


20-25 


212, 402 


25-30 ... 


285,116 


30-40 


493, 316 


40-50 


499, 475 


50-60 


366, 881 


60-70 


382, 520 


70-80 


140, 77© 


80-90 


181, 511 


90-100. 


88,727" 


100-150 


347, 968- 


150-200 


270, 168' 


200-250 


30, 713 


250-300 


34,606 
7.424 


300-400 


400-500 _. 


500-750 


15, 352 


750-1,000 


1,000-1,500 


16, 180 


1,500-2,000 


2,000-3,000 
















3,000-4,000 
















4,000-5,000 
















5,000 and over 
































Total 


323, 960 


970, 250, 517 


32, 872, 779 


14, 107, 417 


20, 919, 575 


1, 332, 309 


3, 486, 522 




Summary for preced- 
ing years: 3 
1932 


334, 471 
267, 848 
322, 503 
364, 145 
361, 220 
381, 374 
397, 575 
376, 923 
713, 427 
740, 478 


1, 023, 234, 341 
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, 548, 132, 809 
2, 478, 751, 471 


39, 904, 410 
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 










1931 










1930 










1929 










192S 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p 137. 



126 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 



Under 1 (est.) 1 -— 

Under 1 (est.) 

1-2 (est.)' 

1-2 (est.) 

2-3 (est.)' 

2-3 (est.) 

3-4 (est.)' 

3-4 (est.) 

4-5(est.)i 

4-5 (est.) 

5-6i 

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 

200-25C .- 

250-300 

300-400 

400-500 

5C0-750 

750-1,000 

1,000-1,500... 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000 and over 

Classes grouped 2 . 

Total 



Number 

of 
returns 



2,769 

79 

5,941 

6,997 

4,404 

1,953 

1.213 

1,699 

228 

1,023 

81 

763 

491 

350 

223 

180 

157 

124 

87 

77 

62 

183 

114 

62 

81 

61 

31 

7 

12 
10 
6 
11 
5 
2 
2 



Net income 



$1, 995, 578 

43, 984 

8, 416, 495 

9, 589, 859 

10, 956, 538 
4, 997, 597 
4, 038, 071 
5, 895, 106 
996, 998 
4, 557, 945 
434, 922 
4, 168, 639 
3, 176, 574 
2,618,019 
1, 876, 853 

1, 696, 819 
1, 648, 188 
1, 422, 488 
1, 086, 144 
1,040,591 

902, 015 
3,116,333 

2, 538, 659 
1,701,150 
2, 798, 573 
2, 736, 271 
1, 683, 401 

455, 856 
890, 962 
860, 972 
576, 017 
1, 293, 871 
898, 871 
430, 183 
( 2 ) 



Tax 



$944 
"95,"862" 



53, 601 
" 55," 328" 



61,396 



72, 272 
58, 838 
61,516 
53, 365 
54, 148 
54, 148 
50,716 
46, 348 
40, 942 
44, 112 
147, 938 
145, 697 
96, 148 
198, 647 
247, 299 
186, 628 
57, 797 
113,547 
120, 647 
119,948 
318, 269 
316,958 
139, 869 
(») 



Tax before tax credit 



Normal 
tax 



$944 
"95," 862" 



53, 601 



55, 328 



61,396 



72,272 
56, 465 
56, 356 
47, 987 
47,829 
46,310 
42, 101 
37, 214 
31, 287 
33, 114 

109,815 
94, 547 
63, 046 

100, 322 
99, 141 
48, 338 
12,097 
11,111 
7,804 
16, 185 
25,709 
17, 173 
3,813 
( 2 ) 



Surtax 



$2, 373 

5,160 

5,378 

6,319 

7,838 

8,615 

9,134 

9,655 

10, 998 

50, 790 

71,660 

68, 895 

167, 137 

226, 625 

182, 095 

62, 760 

140, 278 

157, 041 

123,703 

337, 463 

304, 737 

157,012 

( 2 ) 



121 ^per- 
cent on 
capital 
net gain 



461 

1,092 

2,783 

11,719 

2,366 



931 
2,348 



695 
130 



Tax 

credit — 
12^ per- 
cent on 
capital 
net loss 



$12, 753 
20, 971 
36, 885 
71,595 
90, 186 
46, 171 
17, 060 
38, 773 
46, 546 
19, 940 
45, 598 

5,082 
20, 956 

( 2 ) 



( 2 ) 



( 2 ) 



( 2 ) 



( 2 ) 



Summary for preced- 
ing years: 3 

1932 „ 

1931.. 

1930 

1929 

1928 

1927 

1926 

1925 

1924 

1923 



1,049,117 



439, 875 



7,470 



439, 613 



29, 489 



92, 589, 659 



3, 452, 803 



1, 354, 637 



2, 555, 279 



30, 581 
22, 375 
23, 862 
26, 481 
25, 801 
25, 184 
26, 362 
29, 123 
48, 792 
66, 965 



101,863,121 
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, 719, 602 



3, 839, 178 
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 



7,208 



22,611 



479, 724 



For footnotes, see p. 137. 



STATISTICS OF INCOME 



127 



Tablje 9. — Individual returns for 1938 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 
net gain 


credit — 
12J4 per- 
cent on 
capital 
net loss 


Under 1 (est.) 1 


1,516 

40 

2,839 

1,929 

2,770 

696 

648 

811 

80 

451 

28 

263 

185 

107 

65 

56 

26 

26 

23 

13 

15 

47 

24 

10 

10 

3 

3 


$977, 721 

17, 552 

4, 308, 963 

2, 621, 066 

6, 765, 663 

1, 810, 012 
2, 138, 638 

2, 805, 773 
344, 227 

2, 013, 461 
151, 025 
1, 433, 243 
1, 196, 441 
802, 223 
552,011 
527, 710 
271, 890 
298, 195 
285. 293 
176, 308 
217, 931 
797, 366 
535, 195 
276, 843 
333, 434 
137, 216 
( 2 ) 














$413 


$413 








1-2 (est.) 1 -.. 








1-2 (est.) 


25,840 


25,840 








2-3 (est.) 1 








2-3 (est.).-. 


15, 257 


15, 257 








3-4 (est.) 1 . - 








3-4 (est.) 


23,092 


23,092 








4-5 (est.) 1 








4-5 (est.)- 


24,845 


24, 845 








5-6 ■ 








5-6 


22, 972 
22,423 
19.281 
15, 219 
18, 178 
10, 424 
12, 561 

12, 435 
7,558 

13, 356 
47, 513 
32, 895 
23,346 
30, 794 
17, 412 
( 2 ) 


22, 972 
21, 534 
17. 669 
13, 604 
16, 256 

9,147 
10, 756 
10, 318 

5,908 
10,940 
34, 822 
17, 969 
11,914 
12, 841 

5,434 
( 2 ) 








6-7 


$889 

1,612 

1,615 

1,622 

1,277 

1,805 

2,117 

1,650 

2,416 

12, 691 

15, 192 

11,818 

18, 969 

12, 172 

( 2 ) 






7-8 






8-9 






9-10 






10-11- - 






11-12 






12-13 






13-14 






14-15.- 






15-20 






20-25 




$266 


25-30 




386 


30-40 


$120 


1,136 


40-50 


194 


50-60 




ffl 


60-70 




70-80 
















80-90 


1 
1 


( ! ) 
( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 




90-100 




100-150 






150-200 
















200-250 
















250-300 
















300-400 
















400-500 
















500-750 
















760-1,000 
















1,000-1,500. _. 
















1,500-2,000.-. 
















2,000-3,000 
















3,000-4,000 
















4,000-5,000... 




































335, 667 


55, 108 


15, 989 


40,068 


4,649 


5,698 








Total.. 


12, 686 


32,131,067 


450, 922 


327, 520 


126, 213 


4,769 


7,580 






Summary for preced- 
ing years: 3 
1932. 


11, 902 
10,536 
12, 179 
13, 232 

13, 725 

14, 310 
13, 809 

15, 727 
28,090 
28, 225 


29, 080, 658 
33, 858, 781 
42, 714, 132 
50, 257, 416 
55, 510, 360 
55, 218, 679 
53,060,331 
57, 661, 544 
79, 613, 886 
87, 031, 355 


312, 924 
197, 943 
304. 596 
566, 252 
716, 628 
554, 731 
420, 164 
430, 879 
727, 462 
1, 555, 315 










1931 










1930. 










1929 










1928. 










1927 










1926--- . 










1925 










1924 










1923 





















For footnotes, see p. 137. 



128 



STATISTICS OF INCOME 



Table 9. — Individual returns for 19SS 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 — 
1 23- i per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


12J^ per- 
cent on 
capital 

net gain 


Under 1 (est.)i 


1,247 

14 

1,583 

1,483 

1,489 

470 

292 

416 

36 

195 

90 

72 

33 

25 

26 

9 

10 

10 

7 

6 

11 

10 

5 

6 

1 

2 


$774, 090 

7,226 

2, 328, 947 

1, 980, 304 

3, 684, 007 

1, 221, 344 

965, 714 

1, 435, 769 

157, 299 

854, 908 

38, 763 

488, 891 

465, 825 

249, 153 

211,418 

246, 277 

95, 550 

115,013 

127, 335 

95, 679 

86, 547 

180, 464 

216, 006 

134, 462 

208, 552 

( 2 ) 

( 2 ) 












$220 


$220 








1-2 (est )i 










18, 435 


18, 435 








2-3 (est.)i 








2-3 (est ) 


10, 539 


10, 539 








3-4 (est )i 








3 4 (est ) 


11,421 


11,421 








4-5 (est )i 










9,467 


9,467 








5-6 ' 








5-6 


7,718 
8,679 
6,455 
6,261 
9,229 
4,150 
5,043 
5,406 
4,686 
4,158 

11, 538 
14, 697 

12, 273 
22,249 
( 2 ) 

( 2 ) 


7,718 
8,336 
5,943 
5,648 
8,046 
3,678 
4,341 

4, 425 
3,777 
3,218 
8,852 

10, 943 
5,650 

5, 208 
( 2 ) 

( 2 ) 








6-7 


$343 

512 

613 

1,183 

472 

702 

981 

909 

940 

2,686 

5,711 

4, 152 

4,371 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 






20-25 




$1, 957 


25-30 


$2, 471 
12. 670 
( 2 ) 
( 2 ) 




30-40 




40-50 




50-60 


( 2 ) 




























































































































































































































































































149, 780 


15, 409 


196 


9,132 


6.081 










Total 


7, 555 


16, 519, 323 


188, 033 


136, 061 


32, 707 


21,222 


1,957 


Summary for preced- 
ing years: 3 
1932 


8,356 
7,387 
9,449 
10, 449 
10, 649 
10, 969 
12,414 
17, 0S6 
26, 506 
21, 928 


17, 956, 077 
22, 130, 093 
31, 453, 988 
40, 165, 070 
38, 954, 968 
35,906,515 
38, 153, 263 
53, 971, 360 
66, 124, 303 
50, 170, 861 


137, 503 
105, 602 
178, 379 
390, 886 
321,516 
209, 667 
208, 893 
192, 460 
306, 097 
350, 312 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



129 



Table 9. — Individual returns for 1933 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 



TENNESSEE 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 
net gain 


credit — 
12)^ per- 
cent on 
capital 
net loss 


Under 1 (est.) < 


3,506 

44 

7,198 

4,864 

7,066 

2,173 

1,680 

2,595 

192 

1,516 

76 

709 

460 

311 

205 

148 

99 

91 

76 

60 

37 

144 

60 

42 

63 

15 

14 

5 

3 

5 

1 

2 

3 


$2, 387, 761 

23, 326 

10, 503, 742 

7, 035, 680 

17, 535, 474 

5, 575, 317 

5, 493, 438 

9, 033, 851 

844,815 

6, 743, 980 

413, 563 

3, 883, 946 

2, 983, 344 

2, 318, 866 

1, 738, 488 

1, 409, 039 

1, 038, 362 

1, 046, 492 

950, 574 

805. 821 
536, 361 

2, 477, 044 

1, 328, 394 

1, 156, 404 

2, 189, 967 

659, 823 

769, 798 

334, 409 

226. 822 
420, 421 
( 2 ) 

( 2 ) 
538, 129 












Under 1 (est.) 


$680 


$680 








1-2 (est.)i... 








1-2 (est.) 


80, 092 


80, 092 








2-3 (est.) i 








2-3 (est.) 


65, 001 


65, 001 








3-4 (est.)'... 








3-4 (est.) 


87, 056 


87, 056 








4-5 (est.) i 








4-5 (est.) 


88, 140 


88, 140 








5-6i 








5-6 


70, 942 
58, 050 
53, 494 
48, 443 
45, 025 
36, 516 
41, 175 
35, 726 
39, 143 
27, 662 

135, 197 
83,764 
94, 801 

218, 060 
65, 533 

104, 723 
63, 996 
40, 328 
79,918 
( 2 ) 
( 2 ) 

172, 123 


70, 942 
55, 652 
49,024 
43, 330 
39, 805 
31,628 
34, 760 
28,553 
31, 764 
21, 747 
101, 302 
53, 244 
58, 663 
91, 534 
30, 099 
37, 757 
19, 675 
11, 144 
13, 676 








6-7 


$2, 398 

4,470 

5,113 

5,220 

4,888 

6,415 

7,173 

7,379 

5,915 

40, 740 

36, 146 

48, 047 

114, 374 

55, 589 

84, 880 

47, 430 

37, 166 

48, 595 

■ (2) 

( 2 ) 
144, 613 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 




$6, 845 
6,896 
12, 467 

17,493 


20-25 


$1, 270 
558 

29, 645 
116 
659 


25-30 


30-40 


40-50 


50-60 


18, 573 
3 109 


60-70 


70-80 




7,982 


80-90 


17, 647 


90-100 


( 2 ) 


100-150 






150-200 


18, 424 


10, 630 




200-250 




250-300. 
















300-400 
















400-500 
















500-750 


1 


( 2 ) 


( 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 




















991, 762 


152, 010 


2,916 


83, 690 


75, 875 


10, 471 






Total 


33, 464 


93, 395, 213 


1, 987, 598 


1, 166, 608 


790, 241 


136, 400 


105, 651 




Summary for preced- 
ing- years: 3 
1932 


31, 543 
28, 117 
32, 682 
34, 664 
35, 039 
33,812 
35, 495 
34, 689 
66, 981 
69, 081 


88, 515, 162 
107, 251, 482 
140, 422, 521 
177, 388, 337 
190, 287, 682 
173,162,605 
175, 714, 293 
168, 198, 127 
224, 184. 198 
226, 033, 948 


1, 699, 381 
1, 413, 609 
1, 955, 201 

3, 747, 582 
5,624,112 
4, 035, 541 
3, 651, 457 
3, 125, 603 
3, 419, 535 

4, 283, 805 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



130 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 


Xet income 


Tax 


Tax before tax credit 


Tax 

credit— 
12 ; 2 per- 
cent on 
capital 
net loss 


Xet income classes 

(Thousands of 
dollars) 


Xo ta mal j Surtax 


12 1 2 per- 
cent on 
capital 
net gain 


Under 1 (est > : . ... 


11,689 

115 

19,512 

16.340 

18,805 

8,365 

4.315 

11,458 

446 

6,092 

127 

3,193 

1,530 

879 

5S0 

443 

340 

254 

ISO 

17^ 

128 

3S1 

208 

108 

136 

56 

32 

IS 

7 

15 
5 
6 
1 
1 


$7, 530. 7S9 

72,315 

28,463,768 

23, 800, 750 

46, 735. 521 

21. 295, 815 

14. 242, 130 

39. 766. 362 

1, 950. 791 

27. 072. 422 

695, 582 

17. 402. 436 

9, 863, 019 

6. 56S. 490 

4, 919, 947 

4. 189 778 

3. 554, 738 
2.911.946 
2. _- 
2.312.617 

6, 514. 555 

4. 600. 287 
2. 954. 999 
4. 729, 673 
2. 470. 626 
1.742.449 

930.046 
519. 467 
586,245 
658.549 

1. 749, 863 
884,327 

1.441,518 
(») 
(') 












Under 1 (est.) 

1-2 (est.) 1 .. 


SI. 139 


SI, 139 














1-2 (est.) . . 


254, 9S6 


254,986 








2-3 (est.)" 








2-3 (est.) . . . 


250.709 


250,709 








3-4 (est.) 1 . 








3-4 (est.) . 


481,285 


481,285 








4-5 (e;: 








4-5 (est.) 


456,499 


456, 499 








5-6 1 - 








5-6 


377.276 
260,665 
209,024 
190, 021 
172.900 
156, 195 
139, 1S2 
US, 313 
129. 740 

98,794 
397, 621 
358,703 
256, 101 
492. 624 
327. US 
231,236 
138, 452 

67, 257 
106,373 
135, 641 
370. 394 
313, 025 
293.054 

( J ) 

(') 


377. 276 
253. 7S6 
196. 13S 
175. 621 
157, 577 
139, 507 
121, 59S 
101. 395 
108, 414 
78,862 

238,712 
149. 047 
228,675 
135, 6S7 

ra ".- 

43, 279 
12,877 
14,235 
15,066 
37.336 
15,689 
2.250 
(') 








6-7-.. . . ... 


12,886 
14,400 
15,323 

>■. -^ 

17,584 

16, 918 

21,326 

19, 932 

107. 271 

126,522 

121.444 

264,204 

197. 823 

189, 175 

106,992 

48,684 

72, 516 

138, 305 

269,833 

298, 121 

178, 550 

(') 

( l ) 






7-8.. 






8-9 . . 






9-10 . 






10-11 






11-12. 






12-13 






13-14 






14-15.. 






15-20..- 


$3,309 

800 

3,479 

32,060 

12,980 

2,102 

7,791 

23,660 

19,622 


12,958 


20-25... 


7,331 


25-30.. 


17,869 


30-40... 


32,315 


40-50 


19, 372 


50-60 


38, 767 


60-70 


19, 610 


70-80 


17,964 


80-90 ... 




90-100 


17,730 


100-150 


64,623 


1,398 


150-200 


785 


200-250 


112,390 


136 


250-300 . . 




300-400 - 


f J ) 




400-500.. 




















750-1,000 


2 


0) 


m 






(') 




1,000-1.500 








1,500-2,000 
















2,000-3.000. 
















3,000-4.000 ... 
















4,000-5,000 - 




































2, 354. 126 


376, 626 


2.796 


117,092 


256,738 










Total 


105,950 


299, 577, 627 


7, 160, 953 


4, 419, 166 


2, 378, 468 


539,554 


176, 235 






Summary for preced- 
ing years: 3 
1932. . 


102,966 
89.158 
105, 058 
113,555 
112.273 
114,534 
111,438 
109,448 
192,735 
200,683 


279, 533, 040 
333. 673, 467 
44S, 849. 717 
592, 518, 704 
580, 239, 493 
560,322,568 
547. 562, 501 
496, 820, 449 
638, 109, 285 
613, 494, 900 


5. 743. SSS 
4, 634. 359 
8, 633. 146 
12, 866, 950 
14,401,968 
12, 909, 842 
12,6S1,519 
9, 766, 688 
10, 235, 806 
10, 678, 022 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 

















For footnotes, see p. 137. 



STATISTICS OF INCOME 



131 



Table 9. — Individual returns for 1933 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 


12J-6 per- 
cent on 
capital 

net gain 


Under 1 (est.) 1 - 

Under 1 (est.) 

1-2 (est.) 1 


1.557 

25 

2,435 

1,300 

2,566 

528 

628 

725 

48 

329 

20 

190 

119 

63 

54 

59 

32 

28 

17 

11 

6 

28 

14 

8 

6 

7 

2 


$1, 014, 759 

10, 786 

3, 554, 082 

1, 743, 871 

6, 364, 642 

1, 390. 071 

2, 077, 523 

2, 505, 043 

213, 247 

1, 481, 204 

107, 622 

1, 043, 803 

764, 993 

466, 749 

454, 771 

560, 757 

337, 308 

321,331 

211,745 

149, 833 

87, 938 

482, 863 

301, 934 

206,807 

212,000 

314, 566 

( 2 ) 












$133 


$133 














1-2 (est.) 


15,837 


15,837 








2-3 (est.) 1 








2-3 (est.) 


10,041 


10,041 








3-4 (est )' 








3-4 (est ) 


17,220 


17,220 








4-5 (est.) 1 








4-5 (est.) 


17,242 


17,242 








5-6 ' 








5-6 


15,742 
13, 303 
10, 492 
12,388 
18, 451 
11,612 
12, 626 
8,278 
7,825 
4,869 
25. 550 
19,688 
15, 593 
15,809 
31, 697 

m 


15,742 
12, 790 
9,593 
11,095 
16, 357 
9,987 
10,680 
6,683 
6,410 
3,874 
19,291 
12, 850 
7,756 
8,684 
8,361 
(») 








6-7 


$513 

899 

1,293 

2,094 

1,625 

1,946 

1,595 

1,415 

995 

7,992 

7,975 

7,837 

13, 259 

15, 348 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20... 


$186 


$1,919 


20-25 


1,137 


25-30 






30-40 




6,134 


40-50 


11,486 
( 2 ) 


3,498 


50-60 


( 2 ) 


60-70 




70-80 
















80-90 
















90-100 
















100-150... 
















150-200 


1 
1 


( 2 ) 
( 2 ) 


( s ) 
( 2 ) 


(») 


<•> 

( 2 ) 


( 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 




































552, 920 


65, 123 


7,712 


22,424 


44,546 


9,559 








Total 


10, 807 


26, 933, 168 


349, 519 


228, 338 


87, 210 


56, 218 


22, 247 






Summary for preced- 
ing years: 3 
1932 


10, 624 
9,785 
11, 777 
13, 163 
13, 262 
13,029 
13,568 
16, 101 
28,685 
30,242 


27, 028, 193 
31, 863, 657 
45, 369, 199 
59, 451, 690 
58, 809, 296 
53, 628, 897 
53, 832. 169 
61, 634, 951 
82, 088, 477 
79,943,306 


366, 273 
196. 095 
447, 953 
881, 606 
1, 095, 839 
851, 031 
628, 773 
660, 497 
599, 194 
725, 908 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



132 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 



VERMONT 





Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit — 
12>-2 per- 
cent on 
capital 
net loss 


Net income classes 

(Thousands of 
dollars) 


Normal 
tax 


Surtax 


\2]/ 2 per- 
cent on 
capital 

net gain 


Under 1 (est.) ' 

Under 1 (est.) 

1-2 (est ) > 


217 

30 

2,523 

2,134 

1,751 

653 

542 

575 

64 

283 

28 

152 

114 

75 

53 

37 

23 

17 

10 

12 

8 

34 

14 

4 

11 

6 

1 

2 

1 


$130, 487 

17, 758 

3, 526, 941 

2, 818, 965 

4, 490, 191 

1, 687, 357 

1, 796, 945 

1,985,519 

279, 527 

1, 264, 263 

152, 388 

828, 101 

738, 351 

560, 121 

449, 722 

347, 479 

241, 234 

194, 366 

125, 781 

161, 575 

115,726 

592, 561 

321, 636 

109,390 

371, 338 

271,561 

( 2 ) 

( 2 ) 

( 2 ) 












$542 


$542 














1-2 (est ) 


23, 461 


23,461 








2-3 (est ) ' 








2-3 (est.) 


15, 044 


15, 044 








3-4 (est ) ' 








3-4 (est ) 


19, 528 


19, 528 








4-5 (est ) i 








4-5 (est ) 


16, 851 


16, 851 








5-6 ' 








5-6 


14, 591 

14, 533 

12, 640 

10, 471 

11, 362 

9,198 

7,129 

4,683 

7,085 

6,093 

30, 496 

16, 454 

6,426 

30, 768 

25, 741 

( 2 ) 

( 2 ) 

( 2 ) 


14, 591 
14, 001 
11,555 
9,015 
10, 108 
8,053 
5,964 
3,709 
5,598 
4,823 
23, 512 
11, 884 
4,664 
13, 621 
6,757 
( 2 ) 
( 2 ) 








6-7 


$532 

1,085 

1,456 

1,254 

1,145 

1,165 

974 

1,487 

1,270 

10, 059 

9,654 

4,532 

21, 758 

22, 321 

( 2 ) 

( 2 ) 

( 2 ) 






7-8 






8-9 






9-10 . 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20. . 




$3, 075 


20-25 




5,084 


25-30 . 




2,770 


30-40... 




4,611 


40-50 


$1, 201 


4,538 


50-60 


( 2 ) 


60-70 


( 2 ) 




70-80 


( 2 ) 


80 90 








90-100 


1 


( 2 ) 


( 2 ) 




« 














































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 . 




































358, 043 


56, 124 


4,716 


57,490 


12 


6,094 








Total 


9,375 


23, 937, 326 


339, 220 


227, 997 


136, 182 


1,213 


26, 172 






Summary for preced- 
ing years: 3 
1932 


10, 439 
7,803 
8,635 
9,586 
9,394 
8,268 
8,646 
9,559 

20, 618 

21, 752 


27, 542, 982 
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 


406, 645 

264, 753 

626, 874 

1, 019, 863 

1, 055, 740 

846, 932 

821, 296 

919, 959 

978, 252 

1, 332, 822 










1931 . 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 _ 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



133 



Table 9. — Individual returns for 1933 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 



VIRGINIA 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


12H per- 
cent on 
capital 
net gain 


credit — 
12J^ per- 
cent on 
capital 
net loss 


Under 1 (est.) ' 


4,141 

74 

7,761 

8,101 

9,250 

3,509 

2,204 

3,023 

236 

1,413 

106 

834 

574 

344 

266 

195 

126 

109 

78 

68 

57 

176 

76 

44 

70 

31 

17 



11 

7 

4 

3 

5 

1 


$2, 785, 402 

41,480 

11, 493, 323 

11.117,678 

23, 059, 074 

9, 108, 391 

7, 305, 164 

10, 367, 169 

1, 035, 542 

6, 266, 767 

576, 187 

4, 557, 156 

3, 708, 676 

2, 561, 079 

2, 254, 355 

1, 856, 068 

1, 317, 976 

1, 253, 705 

973, 268 

914,961 

823, 074 

3, 018, 805 

1, 708, 929 

1, 204, 485 

2, 417, 951 

1, 382, 102 

925, 603 

376, 551 

817,441 

587, 635 

370, 698 

( 2 ) 

810, 001 
( 2 ) 












Under 1 (est.) . 


$1, 1S8 


$1, 188 








1-2 (est.) i 








1-2 (est.) 


106, 347 


106, 347 








2-3 (est.) i 








2-3 (est.) 


82, 552 


82, 552 








3-4 (est.) i „ 








3-4 (est.).- 


91, 708 


91, 708 








4-5 (est.) i... 








4-5 (est.) 


79, 407 


79,407 








5-6 i 








5-6 


73, 725 

72, 562 

56,911 

58, 522 

55, 441 

43, 555 

40, 078 

37, 110 

34, 558 

33, 450 

149, 443 

115, 137 

86, 465 

199, 398 

119, 227 

133, 634 

53, 741 

129, 505 

110, 389 

55, 358 

( 2 ) 

231, 050 
( 2 ) 


73, 725 
69, 798 
51, 978 
51, 749 
48, 511 
37, 333 
32, 493 
29, 710 
26, 188 
24,603 
106, 315 
73, 662 
42, 888 
89, 908 
49, 750 
46, 906 
11,292 
22, 173 
19, 831 
11, 788 








6-7 


$2, 764 

4,933 

6,773 

6,930 

6,222 

7,585 

7,400 

8,370 

8,847 

49, 609 

47, 828 

46, 851 

134, 430 

111, 842 

101, 292 

49, 458 

119, 076 

108, 495 

58, 850 

( 2 ) 

261, 544 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13. 






13-14 






14-15 






15-20 


$369 
2,829 
5, 734 
11,975 
6,478 
1,412 
5 
4,853 


$6, 850 
9,182 
9,008 
36, 915 
48,843 
15, 976 


20-25 


25-30. 


30-40. 


40-50. 


50-60 


60-70 


7,014 
16, 597 
17, 937 


70-80 


80-90 


90-100 


7,473 


22,753 


100-150 


150-200. 


15,319 


40 


45,853 
( 2 ) 


200-250 


250-300 








300-400 
















400-500. 
















500-750. 
















750-1,000... 
















1,000-1,500 
















1,500-2,000 
















2,000-3,000 
















3,000-4,000 
















4,000-5,000 
















5,000 and over 
















Classes grouped 2 




638, 115 


148, 919 




205, 236 




56, 317 










Total.. 


42, 920 


117,634,811 


2, 399, 380 


1, 297, 122 


1, 354, 335 


41, 168 


293 245 






Summary for preced- 
ing years: 3 
1932 


43, 136 
34, 689 
37, 915 
38, 631 
37, 619 
37, 393 
37, 797 
37, 507 
71, 597 
77, 451 


122, 228, 476 
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 


2, 220, 452 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



134 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 « 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit— 
1234 per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


12^ per- 
cent on 
capital 
net gain 


Under 1 (est.)' 

Under 1 (est.) 

1-2 (est )' 


4,391 

25 

10, 566 

12, 046 

10, 411 

4,378 

3,399 

4,559 

155 

1,864 

83 

1,139 

516 

252 

145 

115 

91 

59 

52 

54 

26 

89 

41 

25 

25 

13 

9 

1 

1 

3 

2 

3 

1 


$2, 585. 761 

16, 543 

15. 107, 363 

16,454,426 

26, 798, 969 

11, 265, 214 

11, 130, 037 

15, 717, 791 

679, 186 

8, 253, 746 

454, 055 

6, 220, 109 

3, 320, 808 

1, 879, 782 

1, 224, 281 

1, 090, 351 

946, 302 

676, 518 

646, 997 

729, 025 

376, 768 

1, 498, 854 

922, 684 

684,931 

826, 096 

589, 476 

487, 253 

( 2 ) 

( 2 ) 

250, 033 
( 2 ) 

330, 000 
( 2 ) 












$162 


$162 














1-2 (est ) 


153, 716 


153, 716 








2-3 (est )' 








2-3 (est ) 


114,941 


114,941 








3-4 (est )' 








3-4 (est ) 


166, 435 


166, 435 








4-5 (est )' 








4-5 (est ) 


133, 805 


133, 805 








5-6' 








5-6.. 


130, 535 
84, 016 
60, 544 
42, 904 
45,318 
36, 203 
31,952 
28,016 
34, 542 
15, 713 
79, 926 
59, 342 
52, 515 
81, 689 
58, 086 
59, 071 
( 2 ) 
( 2 ) 

43, 128 
( 2 ) 

75, 153 
( 2 ) 


130, 535 
81, 740 
56, 729 
39, 382 
41,308 
31,880 
27, 861 
23, 179 
27, 705 
11,561 
58, 494 
34, 335 
29, 698 
39, 391 
14, 588 
18, 807 
( 2 ) 








6-7. 


$2, 276 
3,815 
3,522 
4,010 
4,323 
4,091 
4,837 
6,837 
4, 152 
23, 953 
26, 595 
28, 452 
44,917 
39, 701 
52, 843 
( 2 ) 
( 2 ) 

33,900 
( 2 ) 

55, 088 
( 2 ) 






7-8 






8-9. 






9-10 . 






10-11. 






11-12 






12-13. 






13-14.. 






14-15 






15-20. 


$188 
12 


$2, 709 


20-25 


1,600 


25-30. 


5,635 


30-40 


3,641 

13, 734 

304 


6,260 


40-50 


9,937 


50-60. 


12, 883 


60-70. 


(2) 


70-80. . 




( 2 ) 


80-90 


7,621 
( 2 ) 
9,743 


4,757 
(?) 
10, 407 

( 2 ) 


3,150 


90-100 . 




100-150 


85 


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 




















476, 220 


58, 856 


5,430 


52, 519 


16, 802 


15, 895 








Total 


54, 539 


131,639,579 


1, 646, 508 


1, 259, 046 


395, 831 


49, 845 


58, 154 






Summary for preced- 
ing vears: 3 _ 
1932 


56, 434 
51, 781 
63, 129 
65, 240 
66, 167 
62, 200 
61, 950 
78,030 
138, 181 
136, 057 


133, 697, 243 
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 


1, 557, 558 

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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



135 



Table 9. — Individual returns for 1933 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 credtt 


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 (est.) 1 


2,128 

22 

5,371 

5, 102 

5,172 

1,657 

1,440 

1,875 

179 

948 

80 

505 

346 

225 

171 

117 

74 

63 

52 

31 

29 

110 

40 

34 

ft 

10 

7 

6 

2 

2 

1 

3 

1 


$1, 397, 921 

12, 050 

7, 693, 883 

7. 087, 577 

13, 037, 967 

4, 262, 073 

4, 811, 160 

6, 478, 903 

783, 990 

4, 219, 260 

440, 956 

2, 759, 986 

2, 229, 985 

1, 675, 929 

1, 443. 083 

1, 110, 164 

773, 368 

724, 687 

649, 237 

417, 846 

421, 869 

1, 885, 554 

886, 436 

922, 355 

1, 180, 051 

460. 351 

391, 782 

377, 929 

148, 911 

162, 120 

( 2 ) 

( 2 ) 

( 2 ) 














$238 


$238 








1-2 (est.) 1 








1-2 (est.)... 


76, 137 


76, 137 








2-3 (est.) 1 .. 








2-3 (est.) 


45, 805 


45, 805 








3-^ (est.) 1 








3-4 (est.) 


56, 414 


56, 414 








4-5 (est.) 1 -- 








4-5 (est.) 


51, 268 


51, 268 








5-6 [ . 








5-6-.. 


43, 815 
39, 739 
33, 284 
36, 447 
33, 702 
21, 797 
23, 898 
22, 052 
16, 484 
15, 646 
86, 518 
56, 071 
71, 033 
97, 424 
50, 366 
41, 769 
30, 947 
25, 330 
27, 902 
( 2 ) 
( 2 ) 
( 2 ) 


43, 815 

38, 133 

29, 924 

32, 281 

29, 531 

18, 162 

19, 457 

17, 133 

12, 738 

10, 961 

58, 581 

34, 214 

34, 667 

36, 159 

11, 199 

8,061 

4,524 

5,905 

5,407 








6-7 


$1, 606 
3,360 
4,166 
4,171 
3,635 
4.441 
4,919 
3,746 
4,685 
31, 072 
24,506 
34, 676 
60, 277 
25, 396 
37, 105 
33, 053 
12,490 
28, 726 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 




$3, 135 


20-25 


$500 
5,519 
16, 372 
15, 297 
6,817 
11,909 
6,935 


3,149 


25-30 


3,829 


30-40 


15, 384 


40-50 


1,526 


50-60 


10, 214 


60-70 


18, 539. 


70-80 




80-90 


6, 231' 


90-100 


( 2 ) 
( 2 ) 
( 2 ) 




100-150 


( 2 ) 


( 2 ) 


( 2 ) 


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 




















578, 368 


103, 660 


14. 659 


59, 480 


38, 314 


8 793 








Total- -. 


25, 837 


69. 425, 751 


1, 107, 746 


695, 373 


381, 510 


101, 663 


70, 800 




Summary for preced- 
ing years: 3 
1932 


26, 872 
22, 118 
27, 130 

29, 803 

30, 643 
32, 500 
32, 544 
35, 810 
75, 037 
89, 263 


73, 659, 579 
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 


928, 480 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923. 



















For footnotes, see p. 137. 



136 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 
credit — 
\2y 2 per- 
cent on 
capital 
net loss 


Normal 
tax 


Surtax 


12M per- 
cent on 
capital 
net gain 


Under 1 (est.) 1 


23, 174 

244 

19, 231 

16, 795 

12, 746 

4,594 

1,952 

4,292 

186 

2, 378 

83 

1,229 

756 

461 

348 

224 

190 

112 

93 

85 

58 

184 

87 

76 

64 

33 

24 

12 

9 

2 

5 

8 

2 


$14, 262, 720 

120, 213 

27, 886, 769 

23, 349, 421 

30, 880, 569 

11, 605, 775 

6, 463, 599 

14, 831, 859 

829, 425 

10, 514, 768 

452, 733 

6, 707, 695 

4, 869, 628 

3, 441, 076 

2, 953, S24 

2, 128, 051 

1, 986, 281 

1, 282, 281 

1, 162, 66S 

1, 143, 403 
839, 039 

3,141,613 
1,932,376 

2, 060, 626 
2, 204, 079 
1, 496, 823 
1,316,433 

773, 518 
683, 134 
170, 645 
469, 614 
!K3,S95 
( 2 ) 












Under 1 (est.) 


$2, 351 


$2, 351 








1-2 (est.)' 








1-2 (est.) 


252, 616 


252, 616 








2-3 (est.)'.. 








2-3 (est.) 


155, 102 


155, 102 








3-4 (est.)' 








3-4 (est.) 


160, 150 


160, 150 








4-5 (est.)' 








4-5 (est.) 


147, 044 


147, 044 








5-6 i 








5-6 


119,472 
95, 573 
87, 301 
85, 763 
68, 298 
71, 699 
47, 439 
48, 110 
53, 253 
42, 058 
146, 266 
112, 463 
125,415 
160,407 
118, 600 
136, 386 
81, 801 
81, 854 
38, 453 
70, 690 
159, 423 
( 2 ) 


119,472 
92, 153 
80, 564 
77, 129 
60, 455 
62, 390 
39, 690 
39, 208 
42, 759 
32, 786 

104, 100 
77, 988 
78, 616 
80, 003 
45, 180 
39, 029 
23, 344 
9,610 
6,395 
16, 297 
20, 092 
( 2 ) 








6-7 


$3, 420 

6,737 

8,634 

7,843 

9,309 

7,749 

8,902 

10, 494 

9,272 

50, 761 

54, 126 

82, 904 

132, 351 

118,967 

141, 192 

97, 911 

112, 351 

32, 05S 

98, 263 

205, 863 

( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 . 


$310 

836 

1,457 

873 

13, 727 

5,343 

3,903 


$8, 905 
20, 487 


20-25 


25-30 


37, 562 


30-10 .. 


52, 820 


40-50 


59, 274 


50-60 


49, 178 


60-70 


43, 357 


70-80 


40, 107 


80-90 




90-100 


41 
23, 079 


43,911 


100-150 


89, 611 


150-200 . 




200-250 






250-300 
















300-400 


1 
1 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 
( 2 ) 


( 2 ) 




400-500 


d) 


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, 209, 602 


438, 240 


6,903 


411,340 


20, 003 


6 








Total 


89, 739 


184, 154, 155 


3, 106, 227 


1, 871, 426 


1, 610, 447 


69, 572 


445, 218 






Summary for preced- 
ing years: 3 
1932 


91, 557 
84, 681 
95, 366 
103, 044 
98, 485 
100, 956 
99, 251 
110, 485 
179, 275 
194, 050 


203, 833, 124 
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 


3, 222, 425 
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 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















For footnotes, see p. 137. 



STATISTICS OF INCOME 



137 



Table 9. — Individual returns for 1933 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 



Net income classes 

(Thousands of 
dollars) 


Number 

of 
returns 


Net income 


Tax 


Tax before tax credit 


Tax 


Normal 
tax 


Surtax 


12V£ per- 
cent on 
capital 

net gain 


credit — 
123-3 per- 
cent on 
capital 
net loss 


Under 1 (est.) 1 


722 

10 

1,225 

1,518 

1,297 

439 

340 

465 

27 

205 

7 

126 

78 

39 

28 

15 

13 

8 

8 

9 

1 

11 

4 

3 

3 


$465, 489 

4,334 

1, 787, 079 

2,031,450 

3, 244, 331 

1, 127, 547 

1,126,360 

1,597,022 

117,194 

909, 859 

37, 689 

680, 740 

501, 325 

291,650 

237, 377 

141,026 

137, 131 

91, 864 

99, 539 

120, 642 

( 2 ) 

197. 721 
83, 906 
82, 038 
( 2 ) 












Under 1 (est.).. - 


$145 


$145 








1-2 (est.)i 








1-2 (est.) 


18, 896 


18, 896 








2-3 (est.)'... 








2-3 (est.) 


10, 635 


10, 635 








3-4 (est.)' 








3-4 (est.) 


13, 642 


13, 642 








4-5 (est.)' 








4-5 (est.) 


10, 866 


10, 866 








5-6" 








5-6 


11,865 
9.777 
8,947 
6.987 
4,874 
5,711 
3,730 
5, 042 
5,691 

( 2 ) 

10, 830 
5,437 
4,706 

( 2 ) 


11,865 
9,443 
8,374 
6,291 
4, 364 
5,047 
3,173 
4,296 
4,592 
( 2 ) 

7,285 
3,822 
4,079 
( 2 ) 








6-7 


$334 
573 
696 
510 
664 
557 
746 
1,099 
( 2 ) 

3,559 
2,081 
3,386 
( 2 ) 






7-8 






8-9 






9-10 






10-11 






11-12 






12-13 






13-14 






14-15 






15-20 




$14 
466 


20-25 




25-30 




2,759 


30-40 


( 2 ) 


( 2 ) 


40-50 


50-60 
















60-70.. 
















70-80 
















80-90. 
















90-100. 
















100-150. 


1 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 


( 2 ) 




150-200 




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 
















5,000 and over 
















Classes grouped 2 .. 




982. 376 


314, 459 


1,693 


363, 843 


$13, 483 


64, 560 






Total 


6,603 


16, 095. 689 


452, 240 


128, 508 


378, 048 


13, 483 


67, 799 




Summary for preced- 
ing years: 3 
1932 


6,796 
5,891 
6,809 
8,140 
8,622 
8,870 
8,930 
10, 336 
22, 947 
23, 246 


16, 189, 839 
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 


143, 717 
65, 346 
141. 440 
188, 964 
372, 128 
274, 644 
263, 319 
256, 481 
414, 087 
520, 769 










1931 










1930 










1929 










1928 










1927 










1926 










1925 










1924 










1923 





















1 Nontaxable returns. Specific exemptions from normal tax exceed net income. 
1 Classes grouped to conceal identity of taxpayer. 

' Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
individuals are summarized on pp. 210-217. 
* Includes Alaska. 



138 



STATISTICS OF INCOME 



Table 10. — Individual returns for 1933 on form 1040 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) 


1,036 


$3, 837 


646 


3,757 


745 


2,920 


17, 467 


109, 950 


1,513 


7,047 


3,175 


22, 609 


353 


2,480 


1,024 


8,056 


2,087 


12, 771 


1,283 


7,704 


445 


1,778 


206 


566 


12, 697 


90, 218 


2,485 


11,459 


2,399 


10, 867 


2,256 


7,916 


1,338 


7,224 


1,907 


9,000 



States and 
Territories 



Maine 

Maryland 

Massachusetts. . 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana 

Nebraska 

Nevada 

NewHampshire 

New Jersey 

New Mexico 

New York 

North Carolina. 
North Dakota. . 
Ohio.... 



Num- 


Deficit 


ber of 


(in 


re- 


thou- 


turns 


sands) 


1,049 


$5, 463 


2,482 


18, 071 


8,753 


57, 393 


7,415 


94, 707 


2,366 


10, 794 


1,084 


3,591 


3,322 


19,615 


301 


1,871 


1,459 


5,439 


216 


929 


627 


3,043 


6,177 


39, 924 


32,217 


1,375 


296, 673 


1,169 


5,406 


549 


1,078 


7,564 


53, 190 



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 

re- 
turns 



2,151 

949 

13,831 

986 

609 

591 

1,327 

6,430 

465 

200 

1,540 

2,726 

976 

5,026 

458 



168, 449 



Deficit 

(in 
thou- 
sands) 



$12, 123 
5,222 

87, 950 
7,184 
2,903 
1,111 
8,004 

36, 686 
1,777 
1,298 
6,971 

10,018 
4,405 

15,517 
1,445 



1,141,331 



1 Includes Alaska. 

Table 11. — Individual returns for 1933 on form 1040 with no net income, by 
deficit classes, showing sources of income and deductions, and deficit 

[Money figures and deficit classes in thousands of dollars] 

[For text defining items and describing methods of tabulating and estimating data, see p. 1-5.] 



Deficit classes 



Under 5 

6-10 

10-25 ---. 

25-50 

50-100 

100-150 

150-300 

300-500 

500-1,000 

1,000 and over 

Total... 



Sources of income 



Salaries, 
wages, 
commis- 
sions, 

fees, 

etc. 



84, 662 

27, 643 

30, 084 

14, 215 

7,935 

3,057 

3,522 

2,368 

822 

273 



174.581 



Busi- 
ness 



30, 668 

7,376 

7,807 

2,912 

1,319 

451 

452 

133 

19 



Part- 
ner- 
ship 1 



12,828 

4,869 

5, 700 

3,111 

2,300 

1,201 

710 

162 

100 

19 



31.001) 



Profit 

from sale 

of real 

estate, 

stocks, 

bonds, 

etc.* 



18, 077 
8,068 

11,303 
7,830 
8,848 
3,015 
3,430 
2,549 
4,102 
249 



Rents 
and 

royal- 
ties 



51,858 

10, 945 

10, 900 

4,715 

2,718 

835 

385 

1,033 

255 

30 



67.470 183.675 



Divi- 
dends 

on stock 
of do- 
mestic 

corpora- 
tions 



44, 983 

20, 506 

29, 248 

17, 528 

13, 236 

5,241 

7,584 

3,867 

4,746 

5,422 



152.361 



Fidu- 
ciary 1 



7,210 

2,639 

4,241 

2,012 

1,723 

733 

638 

413 

194 

41 



19.84(1 



Interest 
on Gov- 
ernment 
obliga- 
tions not 
wholly 
exempt 
from tax 3 



1,664 

771 

790 

593 

319 

89 

130 

26 

32 



4, 420 



Other 
taxable 
interest 



47, 155 

15, 924 

19, 094 

10, 000 

6,477 

3,112 

2,927 

1,584 

928 

704 



107. (Kit 



Other 
income 



13,811 

4,181 

5,408 

2,641 

2,814 

1,409 

1,152 

898 

521 

587 



33, 423 





Sources 
of in- 
come— 
Contd. 


Deductions 




Deficit classes 


Total 
income 


Net loss 
from sale 
of real 
estate, 
stocks, 
etc. 2 


Net 
loss 
from 
busi- 
ness 


Net 
loss 
from 
part- 
ner- 
ship 


Interest 
paid * 


Taxes 
paid 4 


Con- 
tribu- 
tions 


All 
other 


Total 


Deficit 


Under 5 

5-10 


312,916 
102, 922 
124, 575 
65, 558 
47, 690 

19, 143 

20, 930 
13, 034 
11,720 

7,330 


143, 908 

90, 075 
153, 318 
113,281 

91, 865 
48, 668 
52, 060 
26, 750 
30, 826 
23, 149 


91, 158 

31, 201 

29,099 

12, 890 

8,060 

3,685 

3,782 

1,069 

117 

39 


14, 779 
7,700 

13, 112 
9,589 
7,432 
5,625 
6,468 
1,835 
2,233 
76 


61, 157 

IS, 699 

21, 460 

12, 246 

8,712 

3,529 

3,227 

2, 154 

2,556 

1,493 


56, 679 
15, 181 
19, 885 
13, 929 
14, 349 

7,478 
11,223 
10, 365 

8,227 
14, 070 


20, 168 

5,594 

1,615 

923 

644 

183 

408 

106 

16 

7 


103,111 
54, 084 
90, 623 
65, 697 
57, 505 
26, 049 
43, 757 
27, 903 
23, 130 
15, 158 


490, 960 

222, 533 

329,111 

228, 555 

188, 567 

95, 217 

120, 926 

70, 182 

67, 104 

53, 992 


178, 044 
119,612 
204, 536 


10-25 


25-50 


162, 997 
140, 877 


50-100 .. . 


100-150 


76, 075 
99, 996 


150-300 


300-500 


57, 148 


500-1,000 

1,000 and over. . 


55, 385 
46, 662 


Total 


725. 817 


773, 899 


181.099 68.850 


135. 232 


171. 387 


29. 664 


507,017 


1, 867, 148 


1,141,331 



1 For explanation of item, see p. 9. 

• Includes amounts from sale of capital assets held more than 2 years. 

8 Interest received on Liberty 4- and 4H-percent bonds and Treasury bonds on a principal amount in 
excess of $5,000. 
« Excludes amounts reported under schedule A as business deductions. 



BASIC TABLES 



CORPORATION RETURNS 



^ - 

139 

5984—35 10 



140 



STATISTICS OF INCOME 



Table 12.- — Corporation returns for 1933, by States and Territories, showing for 
deductions, net income or deficit, total tax, income tax, excess- profits 

[Money figures in 

[For text defining certain items and 



States and Terri- 
tories 



Alabama 

Alaska 

Arizona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

District of Columbia 

Florida 

Georgia 

Hawaii 

Idaho 

Illinois. 

Indiana 

Iowa... 

Kansas 

Kentucky... 

Louisiana. 

Maine 

Maryland 

Massachusetts 

Michigan 

Minnesota.. 

Mississippi 

Missouri.. 

Montana 

Nebraska 

Nevada 

New Hampshire 

New Jersey 

New Mexico.. 

New York 

North Carolina 

North Dakota 

Ohio.. 

Oklahoma 

Oregon 

Pennsylvania 

Rhode Island 

South Carolina 

South Dakota 

Tennessee 

Texas 

Utah 

Vermont 

Virginia... 

Washington 

West Virginia 

Wisconsin 

Wyoming 

Total 



Total 
number 
of re- 
turns 



3,827 

170 

1,674 

2,325 

23, 700 
6,705 
8,521 
2,106 
2,445 
9, 263 
5,556 
768 
2,295 

32, 266 

11, 773 
9,011 
4,833 
5,103 
6,605 
3,771 
6,313 

19, 972 

14, 798 
10, 792 

2,337 

15, 594 
2,933 
4,473 

888 
1,412 

23, 902 
1,132 

110, 436 
5,835 
2,938 

24, 823 
5,975 
6,247 

26, 665 
3,272 
3,245 
2,876 
5,215 

15, 168 
2,923 
1,184 
6,815 

11,472 
4,554 

15, 852 
1,322 



Returns showing net income 



Number 



504, 080 



916 
61 

240 

740 
5,264 
1,098 
1,861 

472 

653 
1,541 
1,825 

329 

470 
7,259 
2,797 
1,987 
1,175 
1,439 
1,502 

854 
1,653 
5,174 
3,141 
2,373 

644 
4,014 

630 
1,180 

106 

400 
3,599 

241 
18, 922 
2,049 

649 
5,859 
1,396 
1,058 
6,107 

846 
1,078 

509 
1,510 
4,198 

615 

291 
1,930 
2,128 
1,290 
3,422 

291 



109, 786 



Gross 
income ' 



175 

4 

29 

87, 

2, 052, 

296 

663, 

530, 

216, 

186 

406, 

156 

42 

5,337 

571 

415 

205 

349 

384 

153, 

1, 260, 

2, 492, 

2,391 

995, 

71 

1, 478, 

50, 

216, 

246, 

75, 

1, 236, 

24 

13, 241 

690, 

47, 

2, 559 
254 
177, 

3,028, 
314, 
224, 

36 

414 

1, 057 

98, 

44 
502, 
293 
223, 
718 

14 



46, 752, 366 



Deduc- 
tions ' 



167 

3 

28 

83 

1,896 

271 

612 

468, 

202, 

177, 

384 

13 

40, 

5,117, 

535 

397 

197, 

325 

363 

143, 

1, 205, 
2,314, 

2, 214 
950 

68 

1, 378 

48, 

206 

239, 

70, 

1,111 

23 

12, 409 

636, 

46, 

2, 383 

227, 

172, 

2, 802, 

292, 

209, 

35, 

389, 

1, 000, 

93, 

42, 

458, 

280 

205, 

681, 

14, 



43, 766, 394 



Net 
income 



156, 

25, 

50 

62 

13 

8 

22, 

19, 

2, 

220 

36, 

18 

8 

23 

21 

10, 

55, 

177, 

176, 

44, 

2, 

100, 

2, 

9, 

6, 

5, 

12.-., 

1 

S31 

54 

1 

175 

27, 

5 

225 

22 

15 

1 

24 

57 

5, 

2, 

43, 

12, 

17, 

37, 



8,140 
337 
110 
981 
571 
825 



2, 985, 972 



Total 
tax 



1, 1S9 

52 

155 

573 

21, 979 

3,632 

7,121 

8,811 

1,963 

1,210 

3,199 

2,695 

289 

31,301 

5,265 

2,634 

1,164 

3,426 

3,045 

1,402 

7,738 

25,230 

25, 294 

6,362 

402 

13, 982 

286 

1,378 

966 

702 

17, 549 

160 

118,321 

7,636 

178 

24, 751 

3,841 

774 

32, 120 

3,148 

2,199 

142 

3,467 

8,335 

757 

314 

6,174 

1,823 

2, 497 

5,357 

81 



423, 068 



Income 
tax 



1,105 

46 

153 

545 

21, 644 

3,557 

7,069 

8,688 

1,948 

1,161 

3,115 

2,680 

280 

30, 722 
5,082 
2,584 
1,131 
3,316 
2,963 
1,380 
7,659 

24, 779 

25, 110 

6,284 

391 

13, 796 

279 

1,360 

953 

689 

17, 395 

154 

116,743 

7,482 

174 

24, 323 

3,716 

757 

31, 554 
3,093 
2,130 

137 

3,371 

7,968 

741 

308 

6,060 

1,768 

2,465 

5,201 

79 



416,093 



1 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). 



STATISTICS OF INCOME 



141 



returns with net income and no net income, number of returns, gross income, 
tax, and dividends paid; also number of inactive corporations 

thousands of dollars] 

describing returns included, see pp. 1-5] 













Returns 












Returns 










showing 












show- 










no in- 


Dividends — 


Dividend^ — 




ing net 


Returns showing no net income 


come 
data — 
Inactive 


Returns showing 


Returns showing 




in- 
come — 










net income 


no net income 




Con. 










corpo- 
rations 










d 

a 


Excess 

profits 

tax 


Number 


Gross 
income ' 


Deduc- | 
tions i 


Deficit 


Number 


Cash 


Stock 


Cash 


Stock 


[3 

CD 
W 


84 


2,416 


160, 538 


182, 041 


21, 503 


495 


4,600 


27 


1,629 


18 


1 


6 


87 


2,762 


3,136 


374 


22 


57 




11 




2 


2 


934 


42, 635 


54, 386 


11,751 


500 


273 




373 


70 


3 


28 


1,460 


82, 670 


91,619 


8,949 


125 


1,035 


25 


642 


17 


4 


335 


15, 352 


1, 709, 344 


1,978,354 


269, 010 


3,084 


129, 107 


1,351 


53, 320 


1,111 


5 


75 


4,251 


233, 981 


267, 452 


33, 471 


1,356 


15, 148 


160 


5,932 


151 


6 


52 


6,101 


754, 143 


824,915 


70, 773 


559 


40, 783 


1, 124 


14, 360 


101 


7 


123 


1,356 


658, 344 


737, 769 


79, 425 


278 


79, 558 


21, 386 


72, 595 


1,366 


8 


14 


1,554 


211, 183 


241, 059 


29, 876 


238 


5,337 


542 


1,301 


44 


9 


48 


5.S92 


207, 694 


252, 239 


44, 546 


1,830 


5,082 


247 


3,142 


9 


10 


84 


3,349 


202, 500 


222, 829 


20, 330 


382 


10, 390 


333 


6,113 


68 


11 


14 


413 


50, 812 


56, 690 


5,878 


26 


20, 719 


256 


4,208 


202 


12 


9 


1,078 


47, 434 


53, 852 


6,418 


747 


1,169 


12 


461 


201 


13 


579 


21,731 


3, 899, 593 


4, 447, 674 


548, 081 


3,276 


128, 356 


4,966 


44,158 


1,355 


14 


182 


7, 423 


480, 611 


551, 772 


71,161 


1,553 


15, 395 


417 


4,972 


735 


15 


50 


5,060 


253, 415 


291, 129 


37, 714 


1,964 


9,194 


1,209 


1,142 


172 


16 


33 


3,131 


294, 673 


316,617 


21, 944 


527 


3,853 


243 


7,146 


24 


17 


110 


3,141 


245, 309 


275, 076 


29, 766 


523 


14, 148 


711 


1,502 


8 


18 


83 


4,315 


237, 503 


286, 014 


48,511 


788 


9,667 


313 


2,344 


37 


19 


22 


2.454 


189. 082 


227, 148 


38,067 


463 


7,343 


29 


2,150 


185 


20 


80 


3,836 


577, 569 


680, 393 


102, 824 


824 


35, 189 


1,640 


7,919 


107 


21 


451 


13, 720 


1, 616, 687 


1, 843, 478 


226, 791 


1,078 


111,642 


6,066 


24, 376 


976 


22 


184 


9,947 


1, 306, 356 


1,475,655 


169, 299 


1,710 


120, 527 


261 


9,330 


824 


23 


77 


6,855 


651, 229 


754, 263 


103, 034 


1,564 


32, 873 


384 


10, 252 


210 


24 


12 


1,461 


77, 530 


88, 261 


10, 731 


232 


1,381 


28 


524 


10 


25 


186 


9,769 


976,015 


1,127,492 


151,477 


1,811 


61,323 


3,453 


11, 252 


1,140 


26 


7 


1,938 


59, 639 


67, 234 


7,595 


365 


1,110 


16 


939 


47 


27 


18 


2,844 


168, 021 


189, 805 


21, 783 


449 


6,568 


218 


1,156 


199 


28 


13 


502 


26, 832 


42, 823 


15,992 


280 


8,037 




64 


1,200 


29 


13 


943 


67, 653 


75, 141 


7,488 


69 


3,097 




541 


35 


30 


154 


17,972 


1,551,898 


1, 867, 143 


315, 246 


2,331 


112,314 


1,072 


50, 249 


705 


31 


6 


656 


20, 541 


23, 970 


3,429 


235 


519 


13 


76 




32 


1,578 


81,811 


10,691,022 


12, 363, 425 


1, 672, 403 


9,703 


848, 891 


12, 167 


239, 439 


4,078 


33 


154 


3,206 


215,406 


237, 772 


22, 367 


580 


47, 028 


279 


1,800 


60 


34 


4 


1,585 


38, 306 


42, 725 


4,419 


704 


417 


45 


47 


3 


35 


428 


17, 287 


2, 200, 416 


2, 548, 995 


348, 579 


1,677 


104, 706 


1,264 


30, 806 


2,618 


36 


125 


3,892 


492, 528 


554, 997 


62, 469 


687 


18, 129 


73 


14,615 


57 


37 


17 


3,861 


205, 435 


242, 580 


37, 095 


1,328 


1,445 


30 


1,213 


15 


38 


566 


17, 462 


3, 259, 577 


3, 668, 596 


409, 019 


3,096 


210, 921 


15, 931 


70, 339 


992 


39 


55 


2,143 


217, 066 


254, 145 


37, 079 


283 


10, 717 


613 


2,462 


5 


40 


70 


1,871 


91,936 


106, 000 


14, 064 


296 


3,346 


206 


467 


8 


41 


4 


1,734 


42, 327 


46, 343 


4,016 


633 


340 


11 


205 


31 


42 


96 


3,179 


223, 299 


252,852 


29, 553 


526 


11,293 


348 


1,911 


407 


43 


366 


9,296 


578, 827 


685, 553 


106, 726 


1,674 


30, 093 


1,024 


7,736 


789 


44 


16 


1,688 


90. 107 


104, 132 


14,025 


620 


, 2, 347 


139 


696 




45 


5 


826 


48, 924 


54,822 


5,898 


67 


1,162 


240 


3,952 




46 


113 


4,211 


266, 697 


329,037 


62, 341 


674 


28,308 


443 


4,097 


588 


47 


55 


7,206 


401,664 


452, 570 


50, 907 


2,138 


6,633 


116 


8,487 


384 


48 


32 


2,831 


205, 260 


231, 365 


26, 105 


433 


49, 668 


47 


2,355 


36 


49 


155 


10, 147 


531, 140 


619, 465 


88, 324 


2,283 


14, 303 


952 


6,277 


177 


50 


1 


879 


25, 870 


30, 586 


4,715 


152 


350 


20 


488 


20 


51 


6,970 


337, 056 


36, 890, 055 


12, 423, 394 


5, 533, 339 


57, 238 


2, 385, 889 


80, 450 


741, 570 


21, 593 





142 



STATISTICS OF INCOME 



Table 13. — Corporation returns for 1933 by major industrial groups, showing 
statutory net income or deficit, income tax, excess-profits tax, and total 

[Money figures in 

[For text defining certain items and 
PART I. ALL 



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 3 

Total compiled receipts 4 

Statutory deductions: 

Cost of goods sold s 

Cost of other operations 

Compensation of officers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax 5 

Bad debts 

Depreciation 

Depletion 

Loss, sale of capital assets. 

Miscellaneous deductions 

Total statutory deductions. 

Compiled net profit or deficit (10 less 22) 

Statutory net income less statutory deficit. . 

Income tax 

Excess-profits tax 

Total tax 

Compiled net profit less total tax (23 less 27) 

Cash dividends paid 

Stock dividends paid 





Industrial groups 










Manufac- 








turing 


Aggregate 


Agricul- 
ture and 


Mining 
and 








industries 


quarrying 


Total 
manu- 
facturing 


446, 842 


9,261 


11,848 


88, 649 


57, 777, 469 


270, 321 


1, 209, 675 


32,612,067 


18, 982, 492 


95, 175 


639, 997 


1, 600, 864 


2, 785, 620 


5,179 


17, 572 


203, 313 


1, 650, 145 


9,374 


21,377 


118,264 


262, 464 


2,781 


17, 833 


45, 220 


1, 158, 521 


8,317 


36, 240 


410,568 


1, 025, 709 


3,982 


15,580 


160, 481 


591, 586 


961 


8,143 


79, 545 


84, 234, 006 


396, 091 


1,966,418 


35, 230, 321 


43, 625, 788 


191,812 


937, 273 


23, 932, 016 


9, 419, 872 


38, 527 


365, 048 


829, 402 


1, 994, 961 


15, 152 


37, 608 


706,412 


1, 421, 778 


14,231 


11, 770 


292, 445 


3, 510, 996 


20,011 


72, 914 


460, 338 


2, 123, 795 


19, 380 


62, 717 


645, 461 


1, 249, 107 


6,333 


16, 226 


318, 063 


3, 495, 842 


29, 752 


153, 061 


1, 523, 083 


246, 439 


3,735 


114, 065 


109, 459 


1, 685, 858 


11,110 


32, 232 


280, 667 


16, 389, 643 


86, 424 


316,223 


5, 688, 903 


85, 164, 079 


436, 466 


2, 119, 136 


34, 786, 249 


8 930, 073 


8 40, 375 


s 152, 718 


444, 072 


8 2, 547, 367 


8 45, 318 


8 176, 441 


204,045 


416, 093 


2,102 


9,921 


203, 713 


6,976 


55 


280 


3,649 


423, 068 


2,156 


10, 201 


207, 362 


8 1,353,141 


8 42, 531 


8 162,919 


236, 709 


3, 127, 459 


5,493 


90, 924 


1,169,593 


102, 043 


376 


2,272 


39. 376 



For footnotes, see pp. 152-153. 



STATISTICS OF INCOME 



143 



number of returns, compiled receipts and statutory deductions, net profit or deficit, 
tax, net profit after deducting total tax, and dividends paid 

thousands of dollars] 

describing returns included, see pp. 1-5] 
RETURNS 



Industrial groups— Continued 




Manufacturing— Continued 




Food and 
kindred 
products 


Liquors and 

beverages 
(alcoholic and 
nonalcoholic) 


Tobacco 
products 


Textiles and 
their prod- 
ucts 


Leather and 
its manu- 
factures 


Rubber 
products 


Forest 
products 




12, 181 


2, 540 


383 


14, 974 


2.338 


545 


6,520 


1 


7, -)'2,019 


569, 881 


924, 085 


4, 521, 537 


971, 123 


689, 694 


931, 114 


2 


141,021 


10, 981 


2,507 


68, 398 


3,447 


3,253 


26, 780 


3 


.-•.905 


1,739 


2,417 


10,795 


2,691 


7,710 


6,425 


4 


15,128 


4, 606 


922 


12, 529 


1,780 


3,722 


6,216 


5 


4.125 


812 


150 


2,416 


455 


216 


4,851 


6 


56,242 


3,270 


3,799 


31, 728 


7,960 


13, 501 


16, 796 


7 


2u. 960 


619 


9.226 


4,771 


805 


350 


1,779 


8 


7,634 


1,419 


3,698 


8,476 


1,264 


1,171 


1,943 


9 


7, 293, 033 


593, 326 


946, 805 


4, 660, 649 


989, 525 


719, 618 


995, 904 


10 


5, 421, 784 


301,052 


739, 628 


3, 523, 429 


763, 563 


488, 523 


703, 829 


11 


60. 268 


4*542 


248 


41, 678 


1,682 


182 


15, 266 


12 


88,008 


15, 32S 


6,074 


133, 239 


24, 189 


6,609 


35, 722 


13 


41,275 


3,318 


1,660 


41, 572 


13, 585 


7,791 


7,555 


14 


64, 503 


4,457 


3,610 


33, 281 


4,755 


17,508 


24,060 


15 


72, 910 


46. 600 


9,816 


67,912 


7,433 


16,093 


23,224 


16 


39, 117 


8,299 


2,058 


35, 775 


10, 872 


10, 897 


22, 899 


17 


174, 279 


18, 399 


6,829 


134, 795 


14, 863 


34, 186 


46, 522 


18 


245 


21 


38 


223 


115 


11 


17,811 


19 


38, 518 


8,957 


781 


28, 172 


3,581 


1,415 


11, 032 


20 


1, 085, 356 


121,126 


112,807 


500, 431 


115,994 


131, 543 


156, 851 


21 


7, 086, 262 


532, 100 


883, 549 


4, 540, 508 


960, 631 


714, 758 


1, 064, 771 


22 


206, 772 


61, 226 


63, 255 


120, 142 


28, 893 


4,860 


* 68, 867 


23 


178, 178 


59, 188 


50, 332 


106, 895 


26, 825 


3,339 


« 72, 589 


24 


36, 906 


10, 199 


8,998 


28, 010 


6,582 


1,867 


3,153 


25 


631 


397 


8 


764 


167 


52 


119 


26 


37, 537 


10, 596 


9,007 


28, 774 


6,749 


1,919 


3,272 


27 


169, 235 


50, 630 


54, 248 


91, 368 


22, 144 


2,941 


« 72, 139 


28 


194, 522 


19, 633 


95, 134 


62, 666 


19, 366 


7,820 


14, 666 


29 


7,448 


2,238 


5 


4,843 


190 


118 


1,295 


30 



144 



STATISTICS OF INCOME 



Table 13. — Corporation returns for 1933 by major industrial groups, showing 
statutory net income or deficit, income tax, excess-profits tax, and total 



[Money figures in 

[For text defining certain items and 
PART I. ALL 



Number of returns - - --- 

Receipts, taxable income: 

Gross sales ' --- 

Gross receipts from other operations 3 . .. 

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 5 

Cost of other operations. 

Compensation of officers - 

Rent paid on business property. 

Interest paid -. 

Taxes paid other than income tax 5 

Bad debts... 

Depreciation 

Depletion 

Loss, sale of capital assets 

Miscellaneous deductions 

Total statutory deductions 

Compiled net profit or deficit (10 less 22) 

Statutory net income less statutory deficit.. 

Income tax 

Excess-profits tax 

Total tax. 

Compiled net profit less total tax (23 less 27) 

Cash dividends paid — 

Stock dividends paid 



Industrial groups— Continued 



Manufacturing 


—Continued 




Paper, 
pulp, and 
products 


Printing, 
publishing, 
and allied 
industries 


Chemicals 
and allied 
products 


Stone, 
clay, and 

glass 
products 


2,099 


11, 599 


7,154 


3,828 


1, 121, 123 


889, 896 


5,619,620 


691,233 


4,880 


703, 828 


425, 354 


9,966 


15, 608 


8,585 


51, 204 


4, 224 


4,630 


15, 799 


20, 194 


2,566 


1,708 


2,563 


11, 873 


1,429 


12, 254 


17, 791 


81, 822 


7,322 


2,881 


12, 231 


75, 720 


1,850 


1,987 


3,916 


12, 777 


2,555 


1, 165, 071 


1, 654, 609 


6, 298, 563 


721, 144 


808, 832 


559, 490 


3, 753, 003 


464, 119 


1,578 


448, 300 


186, 783 


5,701 


28, 658 


80, 337 


62, 948 


22,971 


10,011 


35, 834 


60, 997 


4,884 


33, 138 


27, 824 


106,311 


14, 030 


18,955 


20, 681 


166, 439 


13, 566 


9,331 


26,546 


43, 293 


8,935 


63, 485 


55, 151 


406, 235 


62, 982 


1,279 


66 


75, 748 


1,532 


5,528 


13, 477 


54, 291 


6,981 


163, 141 


357, 592 


1, 210, 321 


131,911 


1, 143, 937 


1, 625, 299 


6, 126, 370 


737,612 


21, 134 


29,310 


172, 193 


8 16, 468 


16, 266 


13, 162 


83, 697 


8 20, 873 


7. 250 


9,853 


38, 240 


4,826 


169 


124 


535 


86 


7,419 


9.977 


38, 776 


4,912 


13,715 


19, 333 


133, 417 


8 21, 3S0 


30, 092 


47, 845 


372, 176 


24, 564 


435 


1,536 


13, 889 


293 



For footnotes, see pp. 152-153. 



STATISTICS OF INCOME 



145 



number of returns, compiled receipts and statutory deductions, net profit or deficit, 
tax, net profit after deducting total tax, and dividends paid — Continued 

thousands of dollars] 

describing returns included, see pp. 1-5] 
RETURNS— Continued 



Industrial groups— Continued 




Manufacturing— Cont. 


Construc- 
tion 


Transporta- 
tion and 

other public 
utilities 


Trade 


Service — 
Profes- 
sional, 
amuse- 
ments, 

hotels, etc. 


Finance — 
Banking, 
insurance, 
real estate, 
stock and 

bond 

brokers, 

etc. 


Nature of 
business 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




18, 140 


6,342 


16, 252 


21, 778 


132, 896 


42, 985 


121, 683 


1,490 


I 


7, 681, 062 
186, 367 
58, 821 
25, 801 
13, 139 
144, 317 

27, 718 
30, 180 


979, 681 

14, 083 

7,190 

4,370 

1,483 

13, 766 

1,570 
2,527 


493, 623 
532, 221 
12,014 
12,803 
3,462 
14, 332 

10, 094 
4,483 




23, 191, 782 

506, 705 

76, 417 

92, 261 

16, 883 

280, 466 

34, 430 
14,643 








a 


9, 768, 599 

231, 136 

141, 207 

10, 738 

146, 788 

310, 781 
19, 269 


2, 495, 191 

16, 258 

235, 232 

7,518 

58, 603 

8,407 
2,248 


« 3, 336, 811 

2, 223, 096 

1,019,331 

157, 793 

202, 814 

480,901 
462, 242 


6,928 
635 
296 
237 
394 

1,053 
51 


3 
4 
5 
6 

7 

8 
9 


8, 167, 406 


1, 024, 668 


1,083,031 


10, 628, 518 


24, 213, 588 


2, 823, 456 


7, 882, 990 


9, 593 


10 


5, 737, 597 
58, 696 

159, 708 
60, 658 

113, 387 

167, 520 
79, 410 

462, 672 

12, 119 

96, 695 

1, 377, 980 


667, 167 
4,478 
42, 621 
13,305 
13, 473 
14,312 
20, 631 
42, 685 
250 
1 1, 238 

223, 852 


392, 895 

375, 613 

67, 732 

12, 219 

22, 401 

11, 484 

14,473 

46, 651 

179 

11.90S 

180, 707 




18, 171, 792 

218, 471 

600, 298 

549, 005 

150, 188 

188,466 

244, 853 

253, 539 

1,030 

79, 002 

3, 748, 235 








11 


5, 222, 382 

80, 514 

180, 028 

1, 553, 095 

678, 098 

85, 057 

996, 080 

15, 440 

134, 705 

1,438,915 


1, 000, 388 
144, 425 
201,715 
168, 343 
110, 159 
34, 215 
202, 545 
275 
63, 573 
1, 204, 202 


1, 365, 250 
341, 874 
160, 093 

1, 062, 869 

407, 680 

529, 143 

290, 739 

2,253 

1, 070, 187 
i 3, 722, 995 


4,790 

945 

272 

836 

351 

745 

393 

3 

2,475 

3,039 


12 
13 
14 
15 
16 
17 
IS 
19 
20 
21 


8,316,442 


1, 054, 010 


1, 136. 263 


10,384,313 


24, 204, 878 


3, 129, 841 


i 8, 953, 084 


13, 848 


22 


« 149, 036 
« 206, 934 


s 29, 342 
8 33, 438 


s 53, 231 
8 67, 808 


244, 205 

8 85, 844 


8,709 
8 40, 364 


8 306, 385 
8 317,041 


8 1, 070, 094 
8 2, 013, 237 


8 4, 255 
8 5, 359 


23 
24 


40, 565 
377 


7,262 
220 


3,268 
173 


92, 258 
324 


60, 138 
1,751 


8.478 
239 


35, 848 
504 


67 

1 


25 
26 


40, 942 


7,482 


3,440 


92, 581 


62, 189 


8,717 


36,352 


09 


27 


8 189, 978 

253, 452 

6,091 


8 36, 824 

27, 658 

994 


8 56, 672 

30, 349 

3,250 


151, 624 

999, 535 

14, 798 


8 53, 480 

213, 144 

15,513 


8 315, 102 

42, 339 

1,529 


8 1, 106, 446 

575, 402 

24, 929 


8 4, 323 
679 

1 


28 
29 
30 



146 



STATISTICS OF INCOME 



Table 13. — Corporation returns for 1933 by major industrial groups, showing 
statutory net income or deficit, income tax, excess-profits tax, and total 



[Money figures in 

PART II. RETURNS 



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 3 

Total compiled receipts ' 

Statutory deductions: 

Cost of goods sold » ... ... 

Cost of other operations 

Compensation of officers 

Rent paid on business property 

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 22) 

Statutory net income (23 less 8 and 9) 

Income tax 

Excess-profits tax 

Total tax 

Compiled net profit less total tax (23 less 27) 

Cash dividends paid 

Stock dividends paid 



Industrial groups 



Aggregate 



109, 786 



, 673, 313 

, 648, 532 
872, 194 
459, 066 
115,730 
543, 455 

440, 075 
154, 299 



46, 906, 664 



501, 694 
845. 766 
861, 295 
587, 068 
888, 787 
881, 539 
333, 082 
541, 705 
84, 797 
171,293 
629, 293 



43, 326, 319 



3, 580, 346 
2, 985, 972 



416, 093 
6,976 



3, 157, 278 

2, 385, 889 

80, 450 



Agricul- 
ture and 
related 
industries 



1,443 



123,495 
45, 033 
1,874 
3,121 
1,073 
2,496 

949 
273 



178, 313 



83, 561 

12, 458 
4,069 

10, 750 
3,252 
8,120 
1,784 

13, 580 
889 
579 

23, 156 



162, 197 



16, 116 
14, 894 



2,102 
55 



2,156 



13, 960 

3,405 

56 



Mining 

and 

quarrying 



2,982 



295, 309 
223, 236 
5,250 
5,232 
11, 037 
11, 577 

4,037 
2,480 



558, 159 



185, 347 

103, 784 

12, 855 

2,531 

8,729 
18, 231 

3,928 
33, 003 
41, 565 

2,389 
67, 594 



479, 956 



78, 203 
71, 686 



9,921 
280 



10, 201 



68, 003 

53, 481 

2,215 



Manufac- 
turing 



Total 
manu- 
facturing 



26, 354 



20, 706, 515 

1, 002, 539 

107, 330 

63, 519 

20, 473 

269, 283 

119, 626 
52, 053 



22, 341, 338 



14, 864, 850 

515, 056 

371, 422 

123, 000 

176, 599 

336, 433 

149, 530 

739, 986 

34, 396 

71, 334 

3, 326, 421 



20, 709, 028 



203, 713 
3,649 



207, 362 



1,424,948 

1, 024, 586 

33,718 



For footnotes, see pp. 152-153. 



STATISTICS OF INCOME 



147 



number of returns, compiled receipts and statutory deductions, net profit or deficit, 
tax, net profit after deducting total tax, and dividends paid — Continued 



thousands of dollars) 

SHOWING NET INCOME 



Industrial groups— Continued 




Manufacturing— C ontinued 




Food and 
kindred 
products 


Liquors and 

beverages 
(alcoholic and 
nonalcoholic) 


Tobacco 
products 


Textiles and 
their prod- 
ucts 


Leather and 
its manu- 
factures 


Rubber 
products 


Forest 
products 




4,247 


898 


122 


5,664 


973 


215 


1,638 


I 


5, 334, 175 

109, 270 

19, 890 

9,315 

3,204 

46, 352 

14, 314 

6,844 


467, 399 
9,008 
1,403 
3,242 
658 
2,298 

479 
1,083 


819, 838 

2,447 

2,101 

814 

146 

3,540 

9,063 
3,426 


3, 110, 233 

32, 853 

7,314 

7,317 

1,376 

21,645 

3,155 
7,138 


715, 186 

2,601 

2,057 

810 

267 

5,525 

580 
1,057 


291, 073 
1,641 
1,087 
1,452 
73 
4,775 

214 
335 


391, 357 
6,678 
2,012 
1,348 
1,270 
3,978 

503 
673 


2 
3 

4 
5 
6 

7 

8 
9 


5, 543, 365 


485, 571 


S41, 375 


3, 191, 032 


728,081 


300, 648 


407, 819 


10 


4,111,047 
43, 021 
54, 350 
24, 179 
38, 797 
53,510 
22, 155 

116,444 

114 

16, 101 

777, 883 


240, 725 
3,590 

10, 127 
1,551 
2,637 

38, 335 
6,385 

12, 895 

2 

4,540 

89, 858 


660, 050 

209 

3, 957 

1,127 

2,193 

8,598 

1,450 

5,535 

38 

680 

79,823 


2, 370, 232 

16, 635 

81, 906 

20, 621 

16,396 

48, 305 

19, 586 

87, 016 

204 

7,898 

308, 207 


558, 503 
1,213 

15,820 
5,444 
2,709 
5,160 
5,882 

10, 108 

115 

1,268 

72, 635 


182, 177 
99 
4,172 
3,152 
4,075 
10, 478 
5,528 
14, 507 


281, 647 
3,092 

13, 481 
2,490 
4,519 
6,473 
5,793 

13, 944 

5,216 

595 

46,647 


11 
12 
13 
14 
15 
16 
17 
18 
19 


346 
62, 227 


20 
21 


5, 257, 601 


410, 645 


763, 661 


2, 977, 005 


678, 858 


286, 761 


383, 898 


22 


285, 764 
264, 606 


74, 926 
73, 363 


77, 713 
65, 224 


214, 027 
203, 733 


49, 223 
47, 586 


13, 888 
13, 339 


23, 922 
22, 745 


23 
24 


36, 906 
631 


10, 199 
397 


8,998 
8 


28, 010 
764 


6,582 
167 


1,867 
52 


3,153 
119 


25 
26 


37, 537 


10, 596 


9,007 


28, 774 


6,749 


1,919 


3,272 


27 


248, 227 

183, 131 

6,896 


64, 330 
18, 543 
1,595 


68, 707 

90, 686 

6 


185, 253 

58, 577 

4,525 


42, 473 

18, 436 

190 


11, 969 

6,012 

51 


20, 649 

6,923 

861 


28 
29 
30 



148 



STATISTICS OF INCOME 



Table 13. — Corporation returns for 1933 by major industrial groups, showing 
statutory net income or deficit, income tax, excess-profits tax, and total 

[Money figures in 
PART II. RETURNS SHOW 



10 



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 3 

Total compiled receipts 4 

Statutory deductions: 

Cost of goods sold 5 .. 

Cost of other operations 

Compensation of officers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax s 

Bad debts.... 

Depreciation 

Depletion 

Loss, sale of capital assets 

Miscellaneous deductions 

Total statutory deductions 

Compiled net profit (10 less 22) 

Statutory net income (23 less 8 and 9) 

Income tax... 

Excess-profits tax 

Total tax 

Compiled net profit less total tax (23 less 27) 

Cash dividends paid 

Stock dividends paid 



Industrial groups— Continued 



Manufacturing— Continued 



Paper, 
pulp, and 
products 



993 



697, 500 
2,319 
2,200 
1,304 
405 
5,031 



1,076 



710, 792 



481, 353 

527 

17, 778 

4,603 

7,453 

8,574 

5,589 

32, 607 

297 

1,861 

95, 760 



656, 402 



54, 390 
52, 356 



7,250 
169 



7,419 



46, 971 

25, 645 

404 



Printing, 
publishing 
and allied 
industries 



2,713 



437, 699 

506, 412 

5,517 

10, 947 

1,035 

9,803 

5,927 
3,041 



980, 381 



258, 848 

322, 874 

35, 356 

18, 957 

13, 966 

14, 033 

13, 269 

28, 720 

52 

7,942 

188,318 



900, 334 



80, 047 
71,079 



9,853 
124 



9,977 



70, 070 

42, 540 

1,223 



Chemicals 
and allied 
products 



2,458 



3,686,347 
231, 947 
31,371 
12, 147 
7,913 
62, 862 

62, 068 
11, 508 



4, 106, 162 



2, 401. 204 

105,061 

42, 380 

19. 801 

50, 823 

79, 266 

22, 784 

221, 944 

25, 326 

7,546 

783, 543 



3, 759, 677 



346, 485 
272, 909 



38, 240 
535 



38, 776 



307, 709 

326, 586 

13, 560 



Stone, 
clay, and 

glass 
products 



642 



414, 934 

5,313 

1,977 

991 

781 

3,111 

1,472 
1,436 



430, 016 



269, 990 
2,372 
8,203 
2,038 
2,124 
5,523 
4,324 

27, 085 

463 

3,413 

66, 812 



392, 346 



37, 670 
34, 762 



4,826 



4,912 



32, 758 

20, 918 

179 



For footnotes, see pp. 152-153. 



STATISTICS OF INCOME 



149 



number of returns, compiled receipts and statutory deductions, net profit or deficit, 
tax, net profit after deducting total tax, and dividends paid — Continued 

thousands of dollars] 

ING NET INCOME— Continued 



Industrial groups— Continued 




Manufacturing— Cont. 


Construc- 
tion 


Transporta- 
tion and 

other public 
utilities 


Trade 


Service- 
Profes- 
sional, 
amuse- 
ments, 

hotels, etc. 


Finance- 
Banking, 
insurance, 
real estate, 
stock and 

bond 

brokers, 

etc 


Nature of 
business 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




4,291 


1,500 


2,140 


7,429 


39, 275 


7,566 


22, 369 


228 


1 


3, 820, 840 
84, 939 
26, 784 

12, 634 
2,493 

92, 207 

19, 796 

13, 2C7 


519, 933 
7,111 
3,618 
1,198 
853 
8,158 

1,097 
1,228 


117,958 

247, 186 

1,722 

1,202 

945 

3,709 

1,712 
1,651 




14, 430, 036 

279, 812 

41, 726 

41,410 

8,375 

150,244 

24, 492 
9,017 








9 


4, 390, S50 

100,694 

75, 565 

4,018 

43, 196 

168. 364 
12,210 


799. 665 
3,986 

44, 613 
3,460 

14, 128 

3,128 
1,175 


s 1, 659, 128 

609, 371 

224, 358 

66, 196 

48, 732 

117, 482 
75, 431 


1,084 
240 

47 
153 

91 

284 
9 


3 
4 
5 
6 
7 

8 
9 


4,072.901 


543, 196 


376, 085 


4, 794, 898 


14, 985, 112 


870, 155 


2, 800, 696 


1,908 


10 


2, 723, 060 

14, 562 

64, 531 

16, 288 

28, 057 

51,641 

31, 632 

150, 924 

2,508 

17,715 

651, 788 


326, 015 

1,801 

19, 361 

4,749 

2,849 

6,538 

5,154 

18, 259 

60 

1,429 

102, 920 


89, 663 
164, 603 

16, 637 
1,948 
1,890 
2. 6S9 
2.376 

11,695 

48 

2,182 

55, 354 




11,278,273 

114,606 

284, 822 

284,285 

58, 991 

100, 800 

96, 664 

131,896 

500 

13,119 

2,151,826 








11 


1, 940, 534 
37, 855 
87, 281 

500, 121 

311, 186 
39, 153 

529, 015 
6,405 
12,994 

492, 507 


317, 528 

52, 219 

44, 551 

15, 173 

18, 264 

6,449 

32, 640 

182 

1,817 

316, 045 


676, 828 
81, 213 
32, 697 

123, 994 
85, 786 
33, 183 
49, 864 
809 
66, S41 
1 1, 196, 001 


369 

204 

26 

38 

31 

13 

26 

2 

38 

388 


12 
13 
14 
15 
16 
17 
IS 
19 
20 
21 


3, 752, 705 


489, 135 


349, 084 


3, 957, 052 


14, 515, 782 


804, 869 


7 2, 347, 215 


1,136 


22 


320, 195 
287, 192 


54, 061 
51, 736 


27, 001 
23, 638 


837, 846 
657, 272 


469, 329 
435, 820 


65,286 
60, 982 


453, 4S1 
260, 569 


772 
479 


23 
24 


40, 565 
377 


7,262 
220 


3,268 
173 


92, 258 
324 


60, 438 
1,751 


8,478 
239 


35, 848 
504 


67 
1 


25 

26 


40, 942 


7,482 


3,440 


92, 581 


62, 189 


8,717 


36, 352 


69 


27 


279, 253 

201, 945 

3,354 


46, 580 
24, 644 

877 


23, 561 
13, 379 
1,219 


745, 265 

851,814 

13, 599 


407, 141 

179, 005 

11,998 


50, 568 

31, 827 

350 


417, 128 

228, 086 

17, 295 


704 
307 


28 
29 

;-;n 







150 



STATISTICS OF INCOME 



Table 13. — Corporation returns for 1938 by major industrial groups, showing 
statutory net income or deficit, income tax, excess-profits tax, and total 



[Money figures in 
PART III. RETURNS SHOW 



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 3 . . . 

Total compiled receipts 4 

Statutory deductions: 

Cost of goods sold 6 _.. 

Cost of other operations 

Compensation of officers 

Rent paid on business property 

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 22) 

Statutory net deficit (23 plus 8 and 9) 

Cash dividends paid 

Stock dividends paid 



Industrial groups 



Aggregate 



337, 056 



22, 104, 156 

10, 333, 959 

1,913,427 

1, 191, 078 

146, 735 

615,066 

585, 634 
437, 287 



37, 327, 342 



124, 094 
574, 105 
133, 666 
834,711 
622, 209 
242, 256 
916, 026 
954, 137 
161, 642 
514, 565 
760, 350 



41,837,760 



4, 510, 418 

5, 533, 339 
741, 570 

21, 593 



Agricul- 
ture and 
related 
industries 



7,818 



146, 827 
50, 142 
3,306 
6,254 
1,708 
5,821 

3,033 



217, 778 



108, 251 
26, 069 
11,083 

3,481 
16, 760 
11,260 

4,549 
16, 172 

2,846 
10,531 
63, 268 



274, 269 



56, 491 

60, 212 

2,089 

320 



Mining 

and 

quarrying 



,866 



914,366 

416, 761 

12, 322 

16, 145 

6,796 

24, 663 

11, 543 
5,663 



1, 408, 258 



751,926 

261, 265 
24, 753 
9,238 
64, 185 
44, 485 
12, 297 

120, 058 
72, 501 
29, 843 

248, 629 



Manufac- 
turing 



Total 
manu- 
facturing 



62, 295 



11,905,552 
598,325 
95, 984 
54, 744 
24, 747 
141, 284 

40, 854 
27, 493 



12, 888, 983 



1, 639, 180 



230,922 

248, 127 

37, 444 

57 



9, 067, 166 
314,347 
334, 990 
169, 446 
283, 739 
309, 028 
168, 533 
783, 096 
75, 062 
209, 332 

2, 362, 482 



14, 077, 222 



1, 188, 239 

1, 256, 586 

145,007 

5.658 



For footnotes, see pp. 152-153. 



STATISTICS OF INCOME 



151 



number of returns, compiled receipts and statutory deductions, net profit or deficit, 
tax, net profit after deducting total tax, and dividends paid — Continued 

thousands of dollars] 

INO NO NET INCOME 



Industrial groups— Continued 




Manufacturing— Continued 




Food and 
kindred 
products 


Liquors and 

beverages 
(alcoholic and 
nonalcoholic) 


Tobacco 
Products 


Textiles and 
their prod- 
ucts 


Leather and 
its manu- 
factures 


Rubber 
products 


Forest 
products 




7,934 


1,648 


261 


9,310 


1,365 


330 


4,882 


1 


1,687,843 

31,751 

6,015 

5,812 

921 

9,891 

6,646 
789 


102, 482 

1,973 

336 

1,364 

154 

971 

140 
336 


104, 247 

60 

316 

109 

4 

259 

163 
272 


1,411,304 
35, 545 
3,481 
5,211 
1,040 
10, 083 

1,616 
1,338 


255, 937 
846 
634 
971 
189 
2,436 

225 
207 


398, 621 
1,612 
6,624 
2,271 
143 
8,727 

136 
836 


539, 756 
20, 102 
4,413 
4,869 
3,582 
12, 818 

1,277 
1,270 


2 
3 
4 
5 
6 
7 

8 
9 


1, 749, 669 


107, 755 


105, 430 


1, 469, 617 


261, 443 


418, 970 


588, 084 


10 


1,310,737 
17, 248 
33, 658 
17,096 
25, 706 
19, 399 
16,962 
57, 835 
131 
22, 417 
307, 473 


60, 327 
952 
5,201 
1,767 
1,820 
8,265 
1,914 
5,505 
20 
4,418 

31, 268 


79, 578 

40 

2,117 

533 

1,417 

1,217 

608 

1,294 


1, 153, 198 
25,042 
51, 333 
20, 951 
16, 885 
19, 607 
16, 190 
47, 780 
18 
20, 274 
192, 224 


205, 060 
469 
8,369 
8,141 
2,046 
2,273 
4,990 
4,755 

2,312 
43, 359 


306, 346 

83 

2,436 

4,639 

13, 433 

5,615 

5,370 

19, 679 

11 

1,070 

69, 316 


422, 182 
12, 173 
22,241 
5,065 
19,541 
16, 751 
17, 106 
32, 578 
12, 594 
10, 437 

110,204 


11 
12 
13 
14 
15 
16 
17 
18 
19 


100 
32, 984 


20 
21 


1, 828, 661 


121,455 


119, 888 


1, 563, 503 


281, 773 


427, 997 


680, 873 


22 


78, 992 

86, 428 

11,390 

553 


13, 700 

14, 175 

1,090 

644 


14, 458 
14, 893 
4,448 


93, 885 

96, 838 

4,089 

318 


20, 329 

20,761 

930 

1 


9,028 

10,000 

1,809 

67 


92, 789 

95, 335 

7,744 

434 


23 

24 
25 
9 fi 







152 



STATISTICS OF INCOME 



Table 13. — Corporation returns for 1933 by major industrial groups, showing 
statutory net income or deficit, income tax, excess-profits tax, and total 

[Money figures in 
PART III. RETURNS SHOWING 



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 4 . 

Statutory deductions: 

Cost of goods sold ». 

Cost of other operations 

Compensation of officers 

Rent paid on business property 

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 22) 

Statutory net deficit (23 plus 8 and 9) 

Cash dividends paid 

Stock dividends paid 



Industrial groups— Continued 



Manufacturing — Continued 



Paper, 
pulp, and 
products 



1,106 



423, 624 
2,561 
13,407 
3,326 
1,303 
7,223 

1,923 

912 



454, 280 



327, 479 

1,051 
10,881 

5,408 
25, 685 
10, 381 

3,742 

30, 877 

981 

3,667 
67, 381 



487,535 



33, 255 

36, 090 

4,447 

31 



Printing, 
publishing, 
and allied 
industries 



452, 197 
197,416 
3, 068 
4,851 
1,528 
7,988 

6,304 
875 



674, 228 



300, 642 

125, 426 

44, 981 

18, 878 

13, 859 

6.648 

13, 278 

26, 431 

14 

5,535 

169, 274 



724,965 



50, 737 

57,917 

5,305 

313 



Chemicals 
and allied 
products 



4,696 



1,933,273 
193, 407 
19, 833 
8,047 
3,960 
18, 960 

13, 652 
1,269 



2, 192, 401 



1, 351. 799 
81. 722 
20, 568 
41, 197 
55, 488 
87, 173 
20, 509 

184, 291 
50, 422 
46, 745 

426, 778 



2,366,693 



174, 292 

189, 213 

45, 590 

329 



Stone, 
clay, and 

glass 
products 



3,186 



276, 299 
4,653 
2,246 
1,575 
647 
4,211 

377 
1,119 



291, 128 



194, 129 
3,330 

14, 768 
2,846 

11,906 
8,044 
4,611 

35, 897 
1,069 
3,569 

65, 098 



345, 266 



54, 138 

55, 635 

3,646 

114 



1 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. For "Cost of 
other operations" see Statutory 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. 

4 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 divi- 
dends on stock of domestic corporations as reported in schedule L of the return 



STATISTICS OF INCOME 



153 



number of returns, compiled receipts and statutory deductions, net profit or deficit, 
tax, net profit after deducting total tax, and dividends paid — Continued 



thousands of dollars] 

NO NET INCOME— Continued 



Industrial groups— Continued 




Manufacturing — Cont. 


Construc- 
tion 


Transporta- 
tion and 

other public 
utilities 


Trade 


Service — 
Profes- 
sional, 
amuse- 
ments, 

hotels, etc. 


Finance — 
Banking, 
insurance, 
real estate, 
stock and 

bond 

brokers, 

etc. 


Nature of 
business 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




13, 849 


4,842 


14, 112 


14, 349 


93, 621 


35, 419 


99, 314 


1,262 


1 


3, 860, 222 
101, 428 
32, 038 
13, 167 
10, 645 
52, 110 

7,922 
16, 973 


459, 748 
6,972 
3,572 
3,171 
630 
5,608 

473 
1,298 


375, 666 
285, 035 
10, 291 
11,602 
2, 517 
10, 623 

8,382 
2,831 




8, 761, 746 

226, 894 

34, 691 

50, 851 

8,509 

130, 222 

9,938 
5,627 








?, 


5, 377, 748 

130, 442 

65, 642 

6,720 

103, 592 

142, 416 
7,059 


1, 695, 526 

12, 271 

190, 619 

4,058 

44, 475 

5,279 
1,073 


e 1, 677, 684 

1, 613, 725 

794, 973 

91, 597 

154, 083 

363, 419 
386, 812 


5,844 

394 

249 

83 

303 

769 
42 


3 

4 
5 
6 

7 

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9 


4, 094, 505 


481, 472 


706, 946 


5, 833, 620 


9, 228, 476 


1, 953, 302 


5, 082, 293 


7,685 


10 


3, 014, 537 
44, 134 

95, 177 
34, 370 
85, 329 

115, 880 
47, 778 

3il, 748 

9,611 

78, 980 

726, 192 


341, 152 

2,677 

23, 260 

8, 556 

10, 623 

7,774 

15, 476 

24, 427 

191 

9,808 

120, 932 


303, 233 

211,009 

51, 095 

10, 271 

20,512 

8,795 

12, 097 

34, 956 

131 

9,726 

125, 353 




6, 893, 519 

103, 865 

315, 476 

264, 720 

91, 197 

87, 666 

148, 188 

121, 643 

530 

65, 884 

1, 596, 409 








11 


3, 281, 848 

42, 659 

92, 748 

1, 052, 974 

366,911 

45, 903 

407, 065 

9,035 

121,711 

946. 407 


682, 860 
92, 206 

157, 164 

153, 169 
91, 895 
27, 766 

169, 905 

93 

61, 756 

888, 157 


688, 422 

260, 661 

127, 397 

938, 876 

321, 894 

495, 960 

240, 875 

1,444 

1, 003, 347 

7 2, 526, 994 


4,420 
741 
246 
798 
321 
732 
367 

(») 

2,436 

2,651 


12 
13 

14 
15 
16 
17 
IS 
19 
20 
21 


4, 563, 737 


564, 875 


787, 179 


6, 427, 261 


9, 689, 096 


2, 324, 972 


' 6, 605, 868 


12,712 


22 


469, 231 

494, 126 

51, 507 

2,738 


83, 404 

85, 175 

3,014 

116 


80, 232 

91,445 

16, 970 

2,031 


593, 641 

743, 116 

147, 721 

1,200 


460, 620 

476, 184 

34, 139 

3,515 


371, 671 

378, 023 

10,512 

1,179 


1, 523, 575 

2, 273, 806 
347, 316 

7,633 


5,027 

5,838 

373 

1 


23 

24 
25 
26 



5 The "Cost of goods sold " and "Taxes paid other than income tax" are in process of revision, 
p. 29.) 

6 Includes for a limited number of returns the cost of securities purchased for customers. 

7 Includes special nonexpense deductions of life insurance companies. (See p. 23.) 
s Deficit. 

8 Less than $500. 



(See text, 



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cc 


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CM 


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— 







CD 
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03 
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'3> 
CD 


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.£3^3 

w ca 

CD . 

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03 H 
cp;r2 

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fe.a.a 

P 3 S 

PQ 


;5 03,iiJ 
2 •- C3 
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O 


and trust companies. 
Joint-stock land banks 

Stock and bond brokers, investment brokers, 
investment bankers, and investment trusts. 

Real estate and realty holding companies- 
Realty development, holding, or leasing; 
realty trust, etc. 


1 'i ® 




.S S '& 
*? 

O ',£ 03 

5S 2.S 






.3 

13 

"o 

s » 

•-£ 
OS 

§1 

al 

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2 as 
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cd 

g 

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o 


a 
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ta 

o 
3 
■O 

CD 
CB 

o 

1 

S 
"> 
u 

e» 

ca 
o 

Ja 

c 

P4 


tismg, etc. 
Other services n. e. c. — Auto camps, ceme 
board of trade, newspaper syndicates, pho 
phers; concessionaires of amusements, 
rooms, etc. 


GD 

5 

"t> 
ui 

cs 

o 


ance: 

Banking and related industries: 

National banks 

State and private banks, savings banks 


Total banking and related industrl 

Insurance companies: 

Life insurance— Mutual or stock compa 
Other insurance— Accident, casualty 
marine, title, etc. 


CD 

"3 

IS 

s 

o 
o 

CD 
CJ 

i 

03 

I 

.2 
~ 
o 
Eh 


Other finance: 

Loan companies— Building and loan a: 
tions; mortgage, note, or pawn broke 
surance agents, promoters, stock synd 
foreign exchange, and finance, n. e. c. 


g 

a 

03 

a 

c 

~? ; 


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160 



STATISTICS OF INCOME 



Table 15. — Returns of corporations submitting balance sheets for 1933 by major 
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, 
total tax, net profit after deducting total tax, and dividends paid 

[Money figures in 

[For text defining certain items and 



Number of returns with balance 
sheets. 1 

Assets: 2 

Cash s 

Notes and accounts receiv- 
able. 
Inventories 

Investments, tax-exempt 4 _.. 

Investments other than tax- 
exempt. 5 

Capital assets — Lands, build- 
ings, equipment (less de- 
preciation). 

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 prof- 
its. 
Less deficit 

Total liabilities 

Receipts, taxable income: 

Gross sales 6 

Gross receipts from other 
operations. 7 

Interest 

Rents 

Profit, sale of capital assets- 
Miscellaneous receipts 

Receipts, tax-exempt income: 
Dividends from domestic cor- 
porations. 
Interest on tax-exempt obli- 
gations. 4 

Total compiled receipts »„. 

Statutory deductions: 

Cost of goods sold 9 

Cost of other operations 

Compensation of officers 

Rent paid on business prop- 
erty. 

Interest paid 

Taxes paid other than income 
tax.' 

Bad debts 

Depreciation 

I >t\! iletion 

Loss, sale of capital assets 

Miscellaneous deductions 

Total statutory deductions- 
Compiled net profit or deficit 

(26 less 38). 
Statutory net income or statu- 
tory net deficit. 

Income tax 

Excess-profits tax 

Total tax 

Compiled net profit less total 
tax (39 less 43). 

Cash dividends paid 

Stock dividends paid 



Industrial groups 



Aggregate 


Agriculture and 
related industries 


Mining and 
quarrying 


Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 


100, 941 


287, 623 


1,199 


6,096 


2,571 


7,379 


4, 647, 302 
10, 162, 909 


10, 588, 787 
25, 672, 494 


37, 644 
33, 146 


20, 024 

110,t392 


94, 212 
134, 957 


161,087 
389, 170 


7, 247, 659 
3, 732, 452 
23, 404, 983 


6, 349, 670 

9, 838, 300 

47, 068, 867 


35, 466 

13, 659 
40, 772 


111, 107 

13,614 

143, 019 


63, 371 
59, 438 
186, 743 


347, 378 

82, 757 

883, 733 


36, 176, 535 


68, 781, 818 


307, 345 


909,211 


1, 016, 503 


5, 036, 824 


4, 755, 841 


9, 778, 841 


25, 828 


111, 545 


75, 645 


494, 872 


90, 127, 6S0 


178, 078, 777 


493, 860 


1, 419, 211 


1, 630, 870 


7, 375, 820 


6, 845, 663 
12, 130, 748 
17, 056, 172 

7,:;sj,si7 
29, 356, 128 
18, 046, 351 


12, 515, 855 
33, 751, 778 
58, 328, 228 
11,011,024 
44, 731, 732 
26, 745, 852 


41,273 
38, 466 
68, 120 
7,458 
241, 595 
109, 751 


269, 752 
192, 993 
96, 426 
83, 035 
714,697 
278, 449 


96, 557 
124, S36 
154, 575 

57, 272 
802, 519 
512, 454 


633, 142 
802, 854 
688, 686 
441, 042 
3, 744, 959 
1, 804, 067 


690, 200 


9, 005, 693 


12, 803 


216, 142 


117,342 


738, 929 


90, 127, 680 


178, 078, 777 


493, 860 


1,419,211 


1, 630, 870 


7, 375, 820 


35, 370, 385 
8, 366, 039 


21, 590, 157 
9, 624, 753 


122, 185 
43, 800 


139, 640 
44, 849 


285, 898 
220, 588 


905, 949 
408, 858 


856, 554 
446, 262 
111,573 
538, 035 


1, 856, 610 

1, 109, 873 

141,656 

592, 367 


1,835 
3,010 
1,072 
2,383 


3,132 

5,788 
1,661 
5,446 


5,077 
5,152 

10, S89 

11, 260 


12,248 

15, 954 

6,648 

24, 199 


428, 014 


534, 463 


947 


2,964 


4,012 


11, 430 


151, 094 


430, 498 


273 


686 


2,451 


5,654 


46, 267, 956 


35, 880, 376 


175,506 


204, 166 


545, 329 


1, 390, 939 


26, 275, 887 
3, 762, 678 

S46..S69 

580, 152 


16, 705, 338 

5, 225, 744 

1, 081, 327 

796, 127 


82, 796 
11,865 
3,885 
10, 686 


103, 044 

22, 848 

10, 273 

3,198 


180, 056 

102, 917 

12, 557 

2,509 


745, 533 

256, 324 

23, 997 

9,095 


873, 015 
862, 464 


2, 502, 322 
1, 181, 153 


3,156 

8,013 


15, 741 
10, 450 


8,619 
18, 076 


63, 405 
43, 713 


330, 382 

1, 528, 721 

82, 932 

165, 692 
7, 440, 081 


882, 866 
1, 893, 836 

160, 430 
1, 322, 399 
8, 286, 918 


1,755 

13, 478 

889 

579 

22, 542 


4,289 
15, 373 
2,791 
9,013 
56, 539 


3,877 
32, 392 
39, 752 

2, 362 
66, 210 


12, 170 
118,610 
71, S26 
28, 518 
242, 386 


42, 748, 874 


40, 038, 459 


159, 644 


253, 559 


469, 326 


1,615,577 


3,519,081 


12 4, 158, 082 


15, 862 


" 49, 393 


76, 003 


' 2 224, 638 


2, 939, 974 


' 2 5, 123, 043 


14, 642 


42 53, 043 


69, 540 


> 2 241, 722 


409, 760 




2,067 

52 

2,119 

13, 743 




9,616 

276 

9,892 

66,110 




6,886 
416, 647 












3, 102, 435 








2, 356, 878 
68, 624 


734, 353 
21, 590 


3,405 
56 


2,081 
320 


53, 359 
2,214 


37, 402 

57 



For footnotes, see p. 164-165. 



STATISTICS OF INCOME 



161 



industrial groups, shoiring number of returns, assets and liabilities as of Dec. 31, 1933, 
net -profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and, 



thousands of dollars] 

describing returns included, see pp. 1-5] 



Industrial frroups— Continued 




Manufacturing 




Total manufac- 
turing 


Food and kindred 
products 


Liquors and 

beverages 
(alcoholic and 
nonalcoholic) 


Tobacco prod- 
ucts 


Textiles and their 
products 




Net in- 


No net 


Net in- 


No net 


Net in- 


No net 


Net in- 


No net 


Net in- 


No net 




come 


income 


come 


income 


come 


income 


come 


income 


come 


income 




25, 580 


57, 256 


4, 052 


7,059 


870 


1,448 


118 


233 


5,585 


8,581 


1 


1,922,414 
3, 964, 341 


1,162,035 
2, 800, 429 


321, 390 
499, 050 


72, 637 
243, 333 


28, 089 
65, 447 


8,129 
17, 633 


87, 437 
120, 583 


17, 082 
14, 507 


190, 803 
407, 595 


70, 402 

187, 664 


2 
3 


4, 449, 483 
1, 341, 253 
5, 755, 263 


3, 634, 773 

641,707 

3, 743, 271 


741,746 
130, 300 
614, 242 


205, 409 

12.588 

279, 107 


89, 969 
27, 835 
56, 047 


21,167 

6,217 

20, 651 


287,011 
106, 768 
110,754 


60, 097 
12, 869 
5,361 


763, 092 
176, 762 
170, 320 


322, 959 
24, 681 
140, 136 


4 
5 
6 


9, 961, 343 


14, 422, 956 


1, 724, 560 


916, 303 


244, 739 


126, 099 


71, 906 


17, 878 


1, 180, 805 


731,309 


7 


1,921,755 


2, 031, 59S 


321,480 


168, 240 


53, 854 


33, 357 


112,822 


8,648 


126, 082 


105, 409 


8 


29, 315, 851 


28, 436, 769 


4, 352, 768 


1,897,618 


565, 981 


233, 253 


897, 281 


136, 443 


3, 015, 459 


1, 582, 558 


9 


2, 913, 605 
1, 737, 652 
1, 598, 299 
3, 050, 2S4 
12, 074, 978 
8, 149, 616 


2, 808, 509 
3, 283, 847 
2, 069, 672 
3, 640, 503 
11, 632. 558 
7, 183, 476 


409, 923 
387, 873 
250, 320 
571, 779 
1, 682, 133 
1, 0S0, 057 


322, 588 
295, 963 
119, 372 
335, 929 
698, 368 
298, 193 


89, 980 
24, 160 
38, 978 
29, 378 
202,219 
189, 923 


40, 874 
25, 342 
13,539 
15, 802 
106, 783 
55, 985 


20, 041 
47, 846 
40, 227 
112,955 
390, 283 
285, 999 


7,109 
17, 270 

3,326 
29, 924 
48,709 
35, 755 


358, 519 
65, 421 
174, 354 
389, 339 
1,175,435 
907, 121 


262, 180 
133, 126 
125, 614 
252, 549 
736, 495 
334, 387 


10 
11 
12 
13 
14 
15 


208, 584 


2, 181, 797 


29, 317 


172, 796 


8, 656 


25, 073 


68 


5,651 


54, 728 


261, 793 


16 


29, 315, 851 


2S, 436, 769 


4, 352, 768 


1,897,618 


565, 981 


233, 253 


897, 281 


136, 443 


3, 015, 459 


1, 582, 55S 


17 


20, 586, 025 
987, 624 


11, 775, 390 
583, 120 


5, 316, 243 
106, 415 


1, 657, 506 
28, 811 


461,604 
8,965 


98, 345 
1,683 


810, 648 
2,444 


103, 836 
41 


3, 100, 878 
32, 470 


1, 382, 485 
32, 650 


18 
19 


106,091 
63, 061 
20, 180 

268, 262 


95, 427 
54, 246 
24, 519 
140, 223 


19, 375 
9,301 
3,185 

46, 034 


5,979 

5,728 

874 

9,648 


1,395 

3,239 

657 

2,271 


332 
1,337 

138 
946 


2,027 
814 
146 

3,540 


316 

107 

4 

258 


7,306 

7,309 

1,370 

21, 578 


3,451 
5,137 
1,034 
9,981 


20 

21 

22 
23 


119,460 


39, 739 


14, 302 


6,642 


479 


130 


9,063 


163 


3,154 


892 


24 


51,936 


27, 471 


6,841 


788 


1,082 


336 


3,426 


272 


7,138 


1,336 


25 


22, 202, 639 


12,740,135 


5, 521, 696 


1, 715, 976 


479, 693 


103, 248 


832, 107 


104, 997 


3, 181, 201 


1, 436, 967 


26 


14, 794, 873 
510,047 
368, 752 
121,816 


8, 959, 961 
304, 598 
327, 591 
166, 821 


4, 097, 997 
41,138 
53, 956 
24, 067 


1, 285, 026 
15, 202 
32, 642 
16, 666 


237, 400 
3, 589 
9,952 
1,530 


57, 784 

738 

4,931 

1,707 


652, 453 

209 

3,957 

1,122 


79, 246 

13 

2,084 

517 


2, 362, 545 
16,417 
81, 550 
20, 539 


1, 127, 232 
22, 900 
49, 753 
20, 334 


27 
28 
29 


173, 200 
327, 477 


281,021 
306, 747 


38, 650 
53, 249 


25, 153 

19, 040 


2,600 
38, 152 


1,660 
8,094 


2,075 

8,584 


1,416 
1,213 


16, 320 

48, 259 


16, 560 
19, 361 


:;i 
32 


148, 983 

734, 724 

34, 383 

71, 083 
3, 296, 872 


164, 884 

777, 593 

74, 781 

161,118 

2, 333, 854 


22, 079 

115, 867 

114 

16, 099 

774, 458 


16, 591 

56, 807 

131 

21, 141 

302, 551 


6,351 

12,826 

2 

4,523 

88, 671 


1,712 

5,385 

18 

3,419 

29, 978 


1,444 
5,535 

3S 
680 

78, 738 


606 
1,284 

100 
32, 940 


19, 530 

86, 926 

204 

7,888 

307, 310 


15, 809 
47, 007 

18 

17, 698 

18S, 307 


33 

34 
35 
36 

37 


20, 582, 209 


13, 858, 970 


5, 237, 674 


1, 790, 949 


405, 596 


115,427 


754, 835 


119,418 


2, 967, 488 


1,524,978 


38 


1, 620, 430 


'2 1,118,835 


284, 022 


■2 74, 973 


74, 097 


'2 12, 179 


77, 272 


'2 14, 421 


213, 713 


12 88, 011 


39 


1, 449, 034 


'2 1,186,045 


262, 878 


'2 82, 403 


72, 535 


u 12,645 


64, 783 


'2 14, 856 


203, 421 


12 90, 239 


10 


202, 116 

3,630 

205, 746 

1, 414, 684 

1, 013, 566 
33, 718 




36, 671 
628 

37. 300 
246, 722 

180,010 
6,896 




10, 083 

397 

10, 479 

63, 618 

18, 515 
1,595 




8,938 

3 

8,941 

68, 331 

90, 325 
5 


4,448 


27, 967 

762 

28, 730 

184, 983 

58, 553 
4,525 




11 










12 










43 










(4 


144, 953 
5,658 


11, 390 

553 


1,081 
644 


4,087 
318 


45 
46 



162 



STATISTICS OF INCOME 



Table 15. — Returns of corporations submitting balance sheets for 1983 by major 
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, 
total tax, net profit after deducting total tax, and dividends paid — Continued 

[Money figures in 







Industrial groups— Continued 




Manufacturing — Continued 




Leather and its 
manufactures 


Rubber products 


Forest products 




Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 


1 


Number of returns with balance 
sheets. 1 

Assets: 2 

Cash 3 


963 


1,266 


213 


315 


1,584 


4,577 


2 


47, 934 
109, 708 
186, 448 
18,113 
45, 603 

135, 940 

28, 573 


12,529 
35, 452 
68, 658 
3,716 
22, 187 

64, 052 

29, 814 


33,316 
57, 429 
81, 042 
10, 869 
64, 009 

163, 150 

73, 023 


25, 051 
155,216 
79, 487 
30, 713 
154, 113 

232, 065 

23, 434 


28,412 
90, 055 
112,915 
15, 159 
60, 748 

254, 144 

29, 130 


40, 411 
207, 451 
243, 698 

22, 900 
230, 843 

1, 085, 618 

127, 249 


3 

4 


Notes and accounts receivable. .. 
Inventories 


5 
6 

7 

8 


Investments, tax-exempt * 

Investments other than tax- 
exempt. 8 

Capital assets — Lands, buildings, 
equipment (less depreciation). 

Miscellaneous assets.. 




Total assets... 


fl 


572, 319 


236, 409 


482, 839 


700, 079 


590, 562 


1, 958, 170 




Liabilities: 2 

Notes and accounts pavable 
Bonded debt and mortgages 
Miscellaneous liabilities . 


in 
11 
12 


63,918 
12, 744 
37, 267 
86, 965 
215, 822 
167, 357 
11,754 


46, 081 
9,347 
13, 249 
50, 710 
114,443 
47, 204 
44, 626 


21, 299 
61, 183 
15, 567 
104, 136 
182, 460 
102, 857 
4,664 


122, 479 
142, 183 
73, 708 
121, 242 
235, 721 
85, 710 
80, 966 


67, 875 
30, 924 
36, 145 
31,452 
242, 999 
192, 748 
11,581 


282, 777 
200, 383 
132, 445 
144, 440 
916,226 
526, 838 
244, 940 


13 


Capital stock, preferred 


14 


Capital stock, common.. 


16 

Ifi 


Surplus and undivided profits 

Less deficit 




Total liabilities 


17 


572, 319 


236, 409 


482, 839 


700, 079 


.7.1(1. 562 


1,958,170 




Receipts, taxable income: 

Gross sales 6 _ 


IS 


714, 110 
2,541 

2,050 
808 
266 

5,504 

580 
1,057 


249, 342 

718 

631 

937 

179 

2,395 

221 

207 


290, 797 
1,641 

1,083 

1,450 

73 

4,766 

213 

333 


395, 456 
1,612 

6,608 

2,249 

143 

8,726 

136 

836 


389, 043 
6,555 

1,977 
1,341 
1,235 
3,957 

503 

673 


533, 893 
19, 775 

4,393 
4,846 
3,560 
12, 719 

1,268 

1,270 


19 
9,0 


Gross receipts from other opera- 
tions. 7 
Interest 


21 


Rents 


22 

23 


Profit, sale of capital assets. 
Miscellaneous receipts 


24 

2. r > 


Receipts, tax-exempt income: 

Dividends from domestic cor- 
porations. 
Interest on tax-exempt obliga- 
tions. 4 

Total compiled receipts 8 

Statutory deductions: 

Cost of goods sold ° 


26 


726, 915 


254, 629 


300, 356 


415, 767 


405, 284 


581, 723 


27 


557, 625 
1,158 
15, 781 
5,437 
2,699 
5,156 

5,862 

10, 088 

115 

1,268 
72, 543 


199, 521 
365 
8,204 
8,049 
1,915 
2,234 

4,912 
4,622 


181,975 
99 
4,158 
3,152 
4,075 
10, 472 

5,527 
14, 499 


304, 080 

83 

2,391 

4,630 

13, 432 

5,232 

4,855 

19, 176 

11 

1,044 
68, 337 


279, 812 
3,062 
13, 374 
2,445 
4,500 
6,452 

5,764 
13,901 

5,216 

595 

46, 371 


416, 879 
11,992 
21, 866 
4,964 
19, 407 
16, 643 

16, 883 

32, 3SS 

12, 577 

9,299 

108, 713 


28 


Cost of other operations.. 


■,'<! 


Compensation of officers 


30 
31 


Rent paid on business property... 
Interest paid 


32 
33 


Taxes paid other than income 

tax. » 
Bad debts 


34 


Depreciation 


:<;, 


Depletion 


36 
37 


Loss, sale of capital assets.. 

Miscellaneous deductions 

Total statutory deductions 

Compiled net profit or deficit (26 less 

38). 
Statutory net income or statutory 

net deficit. 
Income tax 


1,687 
42, 505 


322 
62, 211 


38 


677, 733 


274, 014 


286, 491 


423, 271 


381, 494 


671,612 


38 

40 
41 


49, 183 

47, 546 

6,577 

167 

6,745 

42, 438 

18, 436 
190 


» 19, 384 
» 19,812 


13, 865 

13, 319 

1,864 

52 

1,916 

11,949 

6,003 

51 


12 7, 504 
" 8, 476 


23, 790 

22, 614 

3,135 

118 

3,254 

20, 536 

6,919 
861 


'2 89, 889 
'2 92, 427 


42 


Excess profits tax 








43 


Total tax 








■11 


Compiled net profit less total tax (39 

less 43) . 
Cash dividends paid 








4fi 


923 

1 


1,809 
67 


7,736 
434 


id 


Stock dividends paid. 







For footnotes, see p. 164-165. 



STATISTICS OF INCOME 



163 



industrial groups, showing number of returns, assets and liabilities as of Dec. 81, 1933, 
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and 



thousands of dollars] 



Industrial groups— Continued 




Manufacturing— Continued 




Paper, pulp, and 
products 


Printing, publish- 
ing, and allied 
industries 


Chemicals and allied 
products 


Stone, clay, and 
glass products 


Metal and its 
products 




Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 


Net in- 
come 


No net 
income 




977 


1,065 


2,567 


7,984 


2,356 


4,202 


626 


2,969 


4,214 


13, 125 


1 


52, 286 
96, 772 

121, 262 
22, 395 

102, 856 

461, 692 
41, 121 


32, 745 
99, 741 

104, 200 
22, 534 

385, 585 

672, 801 
79, 150 


76, 934 

379, 308 

68, 138 

75, 544 

455, 996 

456, 640 

349, 336 


35, 848 
149, 988 
76, 725 
15,379 
148, 856 

335, 917 

224, 834 


396, 657 

1, 092, 000 

819,120 

269, 928 

2, 851, 619 

2, 771, 982 

363, 567 


215, 851 
351,834 
532, 442 
26, 832 
496, 243 

2, 753, 978 

253, 495 


49,314 
71, 520 
95, 537 
36, 381 
99, 897 

368, 280 

35, 604 


32, 105 
84, 969 
1 19, 497 
25, 081 
70, 830 

704, 745 

72, 125 


550, 039 
858, 999 
936, 934 
428, 531 
1, 037, 010 

1, 909, 448 

327, 696 


562, 898 
1, 125, 065 
1, 645, 746 

402, 407 
1, 607, 754 

6, 445, 422 

719, 772 


2 
3 
4 
5 
6 

7 

8 


898, 384 


1, 396, 755 


1, 861, 896 


987, 547 


8, 564, 873 


4, 630, 674 


756, 532 


1,109,353 


6, 048, 657 


12, 509, 063 


9 


68, 005 
93, 501 
33, 100 
147, 734 
331, 726 
232, 974 
8,656 


104, 250 
238, 058 

92, 914 
215, 691 
485, 641 
294, 195 

33, 995 


344, 727 
150, 230 

85, 180 
135, 646 
552, 133 
610,861 

16, 881 


183, 124 
137, 378 
88, 128 
107, 383 
378, 255 
213,992 
120, 712 


954, 676 

405, 567 

331,122 

482, 588 

4, 195, 969 

2, 220, 694 

25, 743 


430, 765 
614, 658 
463, 212 
316, 974 
1, 979, 514 
1, 161, 535 
335, 983 


32, 186 

19, 550 

48, 489 

70, 231 

343, 427 

246, 390 

3,741 


97, 831 
147, 068 

68, 364 
184,816 
514,918 
202, 551 
106, 196 


432, 921 

413, 492 

444, 633 

810, 734 

2, 323, 673 

1, 648, 819 

25, 614 


773, 389 
1,200,206 

741,302 
1, 739, 954 
4, 891, 742 
3, 748, 445 

585, 975 


L( 
11 

12 
13 
14 
15 
16 


898, 384 

694, 960 
2,318 

2,192 

1,299 

390 

5,001 

954 
1,074 


1, 396, 755 


1,861,896 


987, 547 


8, 564, 873 


4, 630, 674 


756, 532 


1,109,353 


6, 048, 657 


12,509,063 


17 


416, 458 
2,425 

13, 400 
3,314 
1.300 
7,211 

1,846 

911 


429, 626 
502, 069 

5,486 

10, 935 

1,031 

9,714 

5,881 

3,040 


444, 096 
192, 331 

3,043 

4,804 
1,517 
7,921 

6,139 

875 


3, 627, 222 
225, 428 

30, 833 
11,752 
7,779 
62, 462 

61, 992 

11,400 


1, 925, 662 
192, 973 

19, 761 
8,030 
3,959 

18, 920 

13, 650 
1,269 


414, 374 
5,155 

1,973 
990 
781 

3,107 

1,472 
1,436 


272, 836 
4,364 

2,189 

1,495 

645 

4,166 

376 

1,119 


3, 818, 042 
84, 685 

26, 779 

12, 628 
2,413 

92, 185 

19, 796 

13, 207 


3, 842, 946 
100, 504 

31, 850 
13, 108 
10, 617 
51, 879 

7,848 

16, 953 


18 
19 

20 
21 
22 
23 

21 

25 


708, 188 


446, 866 


967, 782 


660, 727 


4, 038, 871 


2, 184, 224 


429, 288 


287, 191 


4, 069, 736 


4, 075, 706 


26 


479, 926 
527 
17, 674 
4,591 
7,452 
8,526 

5,574 

32, 398 

297 

1,859 
95, 151 


321, 417 
984 
10, 779 
5,347 
25, 251 
10, 297 

3,725 

30, 554 

981 

3,520 
66, 865 


254, 768 
320, 646 
34, 702 
16,823 
13, 866 
13, 942 

13, 164 

28, 210 

52 

7,924 

184, 582 


294, 987 

122, 663 

43, 489 

18, 416 

13, 661 

6,551 

12,915 

25, 943 

10 

5,505 

165, 407 


2, 374, 333 
104, 728 
41, 970 
19,111 
47, 995 
71, 029 

22, 609 
218, 345 

25, 322 

7,383 

766, 373 


1, 346, 704 
81, 505 
20, 143 
41,059 
55, 266 
86,911 

20, 392 
183, 952 
50, 420 
46, 362 
423, 984 


269, 620 
2,263 
8,163 
2,026 
2,122 
5,520 

4,321 

27, 071 

463 

3,413 

66, 668 


191, 246 
3,118 

14, 467 
2,796 

11,852 
7,926 

4,548 

35, 720 

964 

3,523 
64, 380 


2,721,315 
14, 496 
64, 300 

16, 250 
28, 000 
51, 609 

31,615 

150, 848 

2,508 

17, 700 
651, 157 


3, 000, 489 
43, 570 
94, 156 
34,047 
84, 934 
115,568 

47, 224 

310, 638 

9,569 

40, 228 
721,019 


27 
28 
29 
30 

31 
32 

33 
34 
35 
3( 

37 


653, 976 


479, 720 


888, 678 


709, 547 


3, 699, 197 


2, 356, 698 


391, 650 


340, 540 


3, 749, 800 


4, 501, 444 


38 


54. 212 

52, 184 

7,226 

169 

7,395 

46, 816 

25, 366 
404 


12 32, 855 
12 35,612 


79, 104 

70, 133 

9,729 

123 

9,852 

69, 252 

42, 128 
1,223 


12 48, 820 
12 55, 834 


339, 674 

266, 281 

37, 327 

530 

37, 857 

301,817 

319, 993 
13, 560 


12 172, 474 
12 187, 393 


37, 638 

34, 730 

4,822 

86 

4,908 

32, 730 

20, 914 
179 


12 53, 349 
12 54, 844 


319, 936 

286, 933 

40, 529 
377 

40, 906 
279, 030 

201, 758 
3,354 


■2 425, 738 
12 450, 540 


39 
10 
41 












42 












45 










11 


4,447 
31 


5,289 
313 


45, 590 
329 


3,646 
114 


51, 497 
2,738 


45 
46 



164 



STATISTICS OF INCOME 



Table 15. — Returns of corporations submitting balance sheets for 1933 by major 
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, 
total lax, net profit after deducting total tax, and dividends paid — Continued 

[Money figures in 




1 Excludes 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. 

6 Gross sales where inventories are an income-determining factor. For " Cost of goods sold " see Statutory 
deductions. 

7 Gross receipts from operations where inventories are not an income-determining factor. For " Cost of 
other operations ' ' see Statutory deductions. 



STATISTICS OF INCOME 



165 



industrial groups, showing number of returns, assets and liabilities as of Dec. 31, 19SS, 
net -profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and 



thousands of dollars] 



Industrial groups — Continued 




Trade 


Service— Professional, 
amusements, hotels, etc. 


Finance— Banking, insur- 
ance, real estate, stock and 
bond brokers, etc. 


Nature of business 
not given 




Net income 


No net 
income 


Net income 


No net 
income 


Net income 


No net 
income 


Net 
income 


No net 
income 




37, 460 


82, 604 


6,351 


28, 195 


19, 330 


81, 659 


125 


655 


1 


648, 918 
2, 099, 310 
2, 254, 779 

214, 740 

735, 431 

1, 735, 128 
429, 089 


341,317 
1, 844, 924 
1,554,192 

112, 985 

969, 125 

2, 074, 470 
640, 086 


84, 008 
130, 853 
49, 066 
28, 461 

119, 377 

680, 533 
123, 461 


120, 078 

494, 191 

90, 316 

22, 834 

573, 437 

4, 389, 281 
522, 678 


1, 292, 430 
2,641,717 

19, 289 
1, 934, 201 

12, 584, 175 

2, 266, 634 
1, 007, 036 


7, 959, 816 

18, 592, 922 

121, 447 

8, 797, 020 

33,203,011 

11, 445, 531 
3, 610, 078 


704 

2,114 

181 

292 

7,018 

1,388 
1,240 


1,578 

16, 581 

915 

10, 986 

23, 939 

15,537 

11, 605 


2 
3 

4 
5 

6 

7 
8 


8,117,395 


7, 537, 100 


1, 215, 758 


6, 212, 814 


21, 745, 481 


83, 729, 826 


12, 936 


81,141 


9 


1, 9x6, 068 
280, 699 
441, 474 
650, 999 
2, 981, 685 
1, 963, 236 
116, 767 


1, 708, 473 

845, 746 

575, 653 

862, 147 

3, 236, 945 

1, 354, 595 

1, 046, 459 


112, 346 
240, 791 

91,707 
101, 305 
424, 180 
274, 244 

28, 815 


841, 947 

2, 483, 077 

718,716 

479, 623 

1, 755, 705 

648, 672 

714. 926 

6, 212, 814 


817, 700 

1, 078, 919 

13, 267, 030 

571,497 

2, 987, 630 

3, 155, 665 

132, 959 

21, 745, 481 


4, 007, 150 
7, 573, 202 

50, 283, 484 
2, 462, 731 

12, 460, 489 
9, 689, 284 
2, 746, 513 


1,080 

836 

453 

615 

11, 309 

2,573 

3,928 


20, 409 
4, 291 
4,934 
12, 552 
65, 793 
18, 829 
45, 666 


10 

11 
12 
L3 
14 
15 
16 


8,117,395 


7, 537, 100 


1, 215, 758 


83, 729, 826 


12, 936 


81, 141 


17 


14, 260, 679 

273, 085 

40, 756 

41, 105 

8,353 

149, 483 

23, 009 

8,985 


8, 408, 059 

207, 246 
34, 075 
48, 684 
8,246 

126, 338 

9,750 
5,621 














18 


779, 400 
3,897 

44, 031 
3,417 

13, 895 

3,065 

1,165 


1, 574, 731 

11,301 

181, 153 

3,903 

36, 147 

5,154 
1,068 


1, 482, 806 
597, 472 
213, 564 
62, 757 
46, 704 

107, 826 

72, 558 


1, 581, 213 
1, 574, 488 

731,499 
87,512 

147, 453 

335, 225 
380, 760 


892 
151 
30 
60 
80 

244 
9 


4,060 

288 

162 

47 

205 

346 
42 


19 

20 
21 

22 
1'3 

24 

25 


14, 805, 456 


8, 848, 018 


848, 870 


1, 813, 457 


2, 583, 687 


4, 838, 150 


1,468 


5,149 


26 


11, 130, 238 
110, 980 

281, 056 

282, 377 
58, 000 

100, 169 

95, 790 

131,041 

490 

12, 904 

2, 138, 046 


6, 605, 982 
92, 670 
299, 387 

252, 2j5 

88, 522 

84, 521 
142, 798 
117, 736 
520 
59, 140 
1,532,563 












27 


309, 172 
49, 912 

43, 296 
14, 973 

17, 952 

6,389 

32, 131 

176 

1,761 

309, 143 


635, 467 
83, 869 

145, 315 

146, 357 

88, 202 
25, 394 

161, 267 

79 

34, 219 

812, 142 


10 638,915 
77, 557 

30, 734 
121, 120 

79, 268 

32, 328 

48, 066 

794 

61, 893 

ii 1, 072, 517 

ii 2, 163, 191 


665, 146 
246, 810 

122, 374 

895, 675 

299, 869 

476, 132 

227, 987 

1,424 

906, 959 

2, 351, 996 

6, 194, 373 


279 

178 

23 
34 

23 
12 
24 
2 
24 
352 


3,094 
492 

127 
596 

226 

464 

300 

1 

1,404 

1,657 


28 

29 

30 

31 

32 
33 
39 
35 
36 
37 


14, 341, 092 


9, 276, 095 


784, 903 


2,132,311 


950 


8,360 


38 


464, 364 

432, 370 

59, 973 

1,733 

61, 706 

402, 658 

178, 651 

11, 995 


'2 428, 077 
12 443, 449 


63, 967 

59, 737 

8,314 

230 

8,544 

55, 423 

31, 576 

350 


12 318, 854 
12 325, 076 


420, 495 

240,112 

33, 041 

482 

33, 523 

386, 973 

219, 353 

5,474 


12 1, 356, 224 
12 2, 072, 208 


518 

264 

36 

1 

37 

480 
307 


12 3,211 
12 3, 598 


39 

41) 
41 










♦2 










43 










44 


33, 965 
3 515 


9,948 
1 179 


341, 128 
7,630 


372 
1 


45 

■If, 



















* Includes net profit from sale of capital assets (real estate, stocks, bonds) 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. 

• The "Cost of goods sold " and ' ' Taxes paid other than income tax " are in process of revision. (See text, 
p. 29.) 

i° Includes for a limited number of returns the cost of securities purchased for customers. 

11 Includes special nonexpense deductions of life-insurance companies. (See p. 23.) 

12 Deficit. 



166 



STATISTICS OF INCOME 



Table 16. — Returns of corporations submitting balance sheets for 1933 by total 
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, 
total tax, net profit after deducting total tax, and dividends paid 

[Money figures and total assets 

[For text defining certain items and 
PART I. ALL RETURNS 



Total assets classes 



Total 



Under 50 



50 to 100 



Number of returns with balance sheets ' 

Assets: 2 

Cash s. - — 

Notes and accounts receivable 

Inventories --- 

Investments, tax-exempt 4 

Investments other than tax-exempt 6 

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 6 

Gross receipts from other operations 7 

Interest 

Rents 

Profit, sale of capital assets 

Miscellaneous receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations 4 

Total compiled receipts 8 

Statutory deductions: 

Cost of goods sold 9 

Cost of other operations 

Compensation of officers 

Rent paid on business property 

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 38) 

Statutory net income less statutory deficit 

Income tax 

Excess profits tax 

Total tax. 

Compiled net profit less total tax (39 less 43) 

Cash dividends paid 

Stock dividends paid 



388, 564 



211, 586 



15, 236, 089 
35, 835, 403 
13, 597, 328 

13, 570, 752 
70, 473, 850 

104, 958, 353 

14, 534, 682 



254, 747 
924, 606 
669, 200 
18, 553 
156, 314 

1, 458, 149 
393, 963 



268, 206, 457 



3, 875, 533 



19,361,518 
45, 882, 526 
75, 384, 400 
18, 393, 841 
74, 087, 860 
44, 792, 204 
9, 695, 892 



1, 323, 752 
364, 941 
361. 357 
163, 034 

2, 798, 537 
438, 069 

1, 574, 157 



268, 206, 457 



3, 875, 533 



56, 960, 542 

17, 990, 792 

2, 713, 164 

1, 556, 135 

253, 229 

1,130,402 



962, 476 
581, 592 



5, 276, 827 
1, 350, 035 
19, 749 
75, 428 
10, 329 
71, 445 

3,517 
2,486 



82, 148, 332 



9,818 



42, 9.81. 225 
8, 988, 422 
1, 928, 196 
1, 376, 278 
3, 375, 337 
2,043,617 
1,213,248 
3, 422, 557 
243, 362 
1, 488, 091 

15, 726, 999 



4, 167, 791 

752, 378 

483, 647 

241, 691 

50, 334 

58, 721 

84, 809 

127, 385 

3,017 

77, 078 

1, 139, 570 



82, 787, 333 



7, 186, 420 



io 639, 001 

io 2, 183, 069 

409, 760 

6,886 

416, 647 

io 1, 055, 647 

3,091,230 

90,214 



io 376, 603 

io 382, 606 

8, 757 

563 

9,321 

io 385, 923 

38, 430 

2,159 



56, 205 



208, 595 
872, 901 
541, 929 
32, 062 
238, 832 

1, 725, 026 
387, 224 



4, 006, 568 



952, 775 
526, 294 
375, 501 
173, 161 
2, 109, 764 
548, 890 
679, 817 



4, 006, 568 



3, 479, 967 
663, 051 
25, 074 
72, 956 
6,574 
46, 806 

19, 967 
2,225 



4, 316, 621 



2, 747, 945 
389, 486 
227, 042 

94, 563 
54, 160 
51,535 
59, 575 

95, 524 
2,445 

28, 635 
678, 356 



4, 429, 266 



io 112,645 

io 134, 837 

8,671 

477 

9,149 

io 121, 794 

32, 882 

2,232 



For footnotes, see pp. 170-171. 



STATISTICS OF INCOME 



167 



assets classes, shoicing number of returns, assets and liabilities as of Dec. 31, 1933, 
net "profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and 



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 




56, 745 


26, 773 


16, 592 


15, 840 


2,344 


1,885 


594 


1 


480, 753 


534, 583 


690, 727 


1, 927, 877 


1,014,718 


2, 365, 434 


7, 758, 655 


2 


1, 847, 617 


1, 823, 138 


2, 101, 238 


5, 549, 218 


2, 394, 654 


4, 932, 395 


15, 389, 635 


a 


995, 100 


890, 529 


965, 934 


2, 220, 394 


929, 584 


2, 028, 888 


4,355,771 


4 


153, 565 


280, 442 


474, 210 


1, 766, 634 


946, 784 


2, 414, 326 


7, 484, 170 


s 


783, 385 


1, 139, 369 


1, 784, 993 


7, 062, 705 


4, 200, 552 


10, 899, 876 


44, 207, 824 


6 


3, 947, 943 


3, 975, 913 


4, 665, 469 


11, 834, 999 


5, 873, 077 


13, 657, 406 


57, 820, 371 


7 


783, 399 


776, 773 


894, 422 


2, 361, 026 


864, 387 


2, 293, 461 


5, 780, 028 


8 


8, 991, 762 


9, 420, 746 


11, 576, 993 


32, 722, 853 


16, 223, 757 


38, 591, 785 


142, 796, 460 


9 


1, 727, 387 


1,419,113 


1, 427, 999 


3, 094, 574 


1, 251, 708 


2, 391, 126 


5, 773, 085 


1(1 


1, 368, 468 


1, 418, 978 


1, 645, 147 


4, 299, 192 


2, 394, 120 


6, 194, 304 


27, 671, 082 


11 


1, 173, 808 


1, 627, 880 


2, 416, 937 


8, 124, 229 


4, 108, 935 


10, 294, 759 


46, 900, 995 


1: 


504, 760 


599, 112 


833, 606 


2, 648, 567 


1,341,519 


3, 435, 258 


8, 694, 823 


in 


4,001,704 


3, 622, 405 


4, 060, 698 


10, 132, 027 


4, 636, 754 


10, 006, 652 


32, 719, 319 


14 


1, 357, 209 


1, 626, 714 


2, 059, 764 


6, 219, 409 


3, 196, 193 


7, 252, 970 


22, 092, 986 


If 


1, 141, 574 


893, 456 


867, 158 


1, 795, 146 


705, 471 


983, 283 


1, 055, 830 


LI 


8, 991, 762 


9, 420, 746 


11,576,993 


32, 722, 853 


16, 223, 757 


38, 591, 785 


142, 796, 460 


17 


5, 472, 728 


4, 382, 269 


4, 172, 776 


8, 750, 375 


3, 478, 669 


7, 103, 816 


14,843,116 


IS 


953, 366 


771, 182 


896, 956 


1, 628, 197 


846, 420 


2, 303, 361 


8, 578, 223 


11) 


75, 560 


86, 590 


111,389 


340, 762 


168,016 


352, 291 


1, 533, 732 


21 


159, 163 


151,486 


158, 487 


326, 813 


121, 523 


188, 499 


301, 783 


VI 


16,071 


15, 035 


18, 143 


56, 549 


23, 922 


50, 367 


56, 240 


2! 


86, 165 


71, 492 


73, 860 


168, 496 


68,411 


142, 360 


401, 367 


23 


9,660 


14, 823 


24, 718 


105, 651 


66, 664 


193, 826 


523, 649 


24 


7,252 


12, 402 


19, 310 


71,651 


37, 573 


95, 581 


333, 112 


25 


6, 779, 966 


5, 505, 274 


5, 475, 639 


11, 448, 495 


4,811,198 


10, 430, 100 


26, 571, 222 


26 


4, 290, 767 


3, 401, 245 


3, 194, 957 


6, 532, 964 


2, 524, 802 


4, 994, 053 


11, 126, 700 


27 


543, 697 


464, 984 


569, 128 


791,471 


363, 964 


869, 397 


4,243,917 


28 


304, 899 


202, 012 


162, 237 


250, 913 


72, 170 


111,502 


113,774 


29 


117, 725 


79, 458 


75, 799 


148, 540 


73, 436 


168, 179 


376, 887 


30 


125, 859 


129, 372 


151, 901 


408, 063 


197, 050 


443, 272 


1, 815, 325 


31 


104, 725 


98, 705 


111,887 


275, 823 


117,636 


280, 351 


944, 234 


32 


107, 158 


92, 298 


90, 931 


201, 684 


78, 875 


158, 252 


339, 666 


33 


179, 135 


158, 284 


175, 545 


435, 958 


208, 790 


518, 363 


1, 523, 575 


34 


6,124 


6,409 


11,906 


31,762 


18, 937 


38, 219 


124, 544 


::r, 


61,309 


62, 272 


76, 127 


314, 050 


208,791 


392, 526 


267, 303 


3fi 


1, 126, 903 


939, 572 


956, 538 


2, 315, 507 


1, 057, 108 


2, 523, 854 


4, 9S9, 590 


37 


6, 968, 302 


5,634,612 


5, 576, 956 


11, 706, 735 


4, 921, 558 


10, 497, 967 


25, 865, 515 


38 


io 188, 336 


10 129, 338 


10 101,317 


io 258, 239 


10 110,360 


io 67, 869 


705, 707 


39 


10 205, 249 


io 156, 563 


io 145, 345 


io 435, 542 


io 214, 597 


io 357, 276 


10 151,054 


40 


19, 538 


21, 229 


26, 179 


65, 716 


32,284 


77, 629 


149, 755 


11 


934 


844 


970 


1,609 


391 


481 


617 


42 


20, 472 


22, 073 


27, 149 


67, 327 


32, 676 


78, 110 


150, 372 


43 


10 208, 808 


io 151,410 


io 128, 467 


io 325, 565 


io 143, 036 


io 145, 979 


555, 335 


it 


63, 486 


69, 127 


98, 073 


315,213 


191,445 


589, 394 


1, 693, 180 


45 


6,136 


9,345 


9,853 


19, 689 


4,281 


16, 301 


20, 217 


l!i 



168 



STATISTICS OF INCOME 



Table 16. — Returns of corporations submitting balance sheets for 1933 by total 
or at close of fiscal year nearest thereto, compiled receipts and statutory deductions, 
total tax, net profit after deducting total tax, and dividends paid — Continued 

[Money figures and total assets 
PART II. RETURNS 



Number of returns with balance sheets '. 



Assets: 2 

Cash s 

Notes and accounts receivable 

Inventories 

Investments, tax-exempt 4 

Investments other than tax-exempt 5 

Capital assets— Lands, buildings, equipment (less depre- 
ciation) . 
Miscellaneous assets 



Total assets . 



Liabilities: 2 

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 6 

Gross receipts from other operations 7 _. 

1 n t crest 

Rents 

Profit, sale of capital assets 

Miscellaneous receipts 

Receipts, tax-exempt income: 

I)i\ idends from domestic corporations- 
Interest on tax-exempt obligations 4 



Total compiled receipts s . 



Statutory deductions: 

Cost of goods sold 9 

Cost of other operations 

Compensation of officers 

Rent paid on business property... 

I n teres t 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 38) 

Statutory net income (39 less 24 and 25) 

Income tax 

Excess profits tax 

Total tax 

Compiled net profit less total tax (39 less 43). 

Cash dividends paid 

Stock dividends paid 



Total assets classes 



Total 



100,941 



4. 647, 302 
10, 162,909 
7, 247. 659 

3, 732, 452 
23, 404, 983 
36, 176, 535 

4, 755, 841 



90, 127, 680 



6, 845, 663 
12, 130, 748 
17, 056, 172 

7,382,817 

29, 356, 128 

18, 046, 351 

690, 200 



Under 50 



47, 397 



102, 573 
L'H7, . r ,'.is 
204, 857 
6,667 
35,929 
301,913 

81, 488 



1, 001, 026 



90. 127, 680 



35, 370, 385 
8. 366, 039 
856, 554 
446, 262 
111,573 
538, 035 

428, 014 
151,094 



46, 267, 956 



26, 275, 887 

3, 762, 678 

846, 869 

580, 152 

873, 015 

862, 464 

330, 382 

1, 528, 721 

82, 932 

165, 692 

7, 440, 081 



242, 307 
37, 129 
65, 955 
26, 643 
594,711 
173,392 
139, 112 



1,001,026 



2,013,736 
433, 189 
6, 591 
15, 580 
4,632 
24, 049 

1, 155 

745 



50 to 100 



100, 295 
314, 509 
222, 360 
11,584 
63, 844 
383, 773 

96, 272 



1, 192, 037 



242, 452 
64, 868 
82, 547 
44, 733 
581, 000 
235, 610 
58, 573 



1, 192, 037 



2, 499, 675 



42, 748, 874 



3, 519, 081 

2, 939, 974 

409, 760 

6, 886 

416, 647 

3, 102, 435 

2, 356, 878 

68, 624 



1, 586, 694 

226, 887 

155,625 

57. 259 

9,544 

16,313 

19, 737 

29. 743 

1,627 

853 

329, 888 



2, 434, 169 



65, 506 

63, 606 

8,757 

563 

9, 321 

56, 185 

20, 240 

970 



1. 819, 563 
288, 816 
10, 699 
15, 747 
3,784 
19, 870 

707 
849 



2,160,034 



1, 434, 375 

166, 542 

103,212 

34, 332 

11,818 

16, 271 

20,515 

29, 519 

1,364 

1,444 

275, 786 



2, 095. 178 



64. 856 
63, 300 

8,671 
477 

9,149 
55, 707 
18, 666 

1,298 



For footnotes, see pp. 170-171. 



STATISTICS OF INCOME 



169 



assets classes, showing number of returns, assets and liabilities as of Dec. 31, 1933, 
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and 



classes in thousands of dollars] 

SHOWING NET INCOME 



Total assets classes — Continued 




100 to 250 


250 to 500 


500 to 1,000 


1,000 to 5,000 


5,000 to 10,000 


10,000 to 
50,000 


50,000 and 
over 




17, 256 


8,241 


5,082 


4,676 


742 


654 


200 


1 


208, 989 


212, 607 


253, 514 


650, 809 


339, 132 


720, 390 


2, 058, 991 


2 


671, 504 


632, 674 


676, 478 


1,565,824 


582, 798 


1, 334, 237 


4,117,287 


3 


456, 768 


445, 104 


508, 582 


1, 268, 542 


529, 127 


1, 185, 399 


2, 426, 920 


4 


47, 554 


81, 225 


126, 893 


469, 875 


283, 162 


772, 818 


1, 932, 672 


5 


207, 990 


296, 240 


452, 030 


1, 537, 725 


1,041,138 


3,181,461 


16, 588, 626 


6 


931, 531 


1, 014, 308 


1, 271, 487 


3,611,270 


2, 077, 622 


5,513,951 


21, 070, 679 


7 


204, 586 


221, 938 


251, 568 


663, 054 


305, 433 


847, 414 


2, 084, 087 


8 


2, 728, 923 


2, 904, 096 


3, 540, 554 


9, 767, 099 


5,158,412 


13,555,670 


50, 279, 263 


9 


481, 777 


424, 934 


426, 755 


1, 000, 355 


405, 325 


899, 262 


2, 722, 496 


10 


173, 802 


192, 135 


244, 353 


770, 827 


501, 650 


1, 833, 791 


8, 312, 192 


11 


239, 349 


297, 003 


374, 129 


1, 192, 326 


658, 069 


1,927,617 


12, 219, 178 


12 


141, 928 


191, 326 


268, 199 


863. 595 


468,936 


1,266,560 


4, 110,598 


13 


1, 197, 105 


1, 144, 869 


1, 342, 738 


3, 440, 591 


1, 673, 005 


4, 397, 236 


14,984,873 


14 


593, 101 


729, 068 


945, 399 


2, 650, 189 


1, 475, 439 


3, 288, 297 


7, 955, 855 


15 


98, 139 


75, 239 


61,318 


150, 783 


24, 012 


57, 094 


25, 929 


16 


2, 728, 923 


2, 904, 096 


3, 540, 554 


9, 767, 099 


5, 158, 412 


13, 555, 670 


50, 279, 263 


17 


3, 195, 683 


2, 787, 547 


2, 719, 292 


5, 823. 196 


2, 176, 417 


4, 490, 384 


10, 344, 568 


18 


122. 0:!7 


392, 823 


53S, 729 


MS, 130 


454, 694 


1, 212, 464 


3, 775, 156 


19 


29, 362 


27, 566 


31, 204 


82, 240 


40, 299 


99, 588 


529, 006 


20 


34,759 


35, 978 


40, 901 


91,207 


43, 273 


51, 386 


117,431 


21 


9,447 


8,449 


9,711 


26, 700 


9,748 


18, 453 


20, 650 


22 


39, 492 


33, 365 


32, 972 


74, 320 


31, 925 


67, 028 


215, 014 


23 


2,696 


5,161 


8,547 


28, 408 


21, 179 


88, 225 


271, 937 


24 


2.508 


3,835 


4, 951 


18, 921 


11,273 


30, 524 


77, 489 


25 


3, 735, 981 


3, 294, 722 


3, 386, 308 


6,993,123 


2, 788, 808 


6, 058, 051 


15, 351, 251 


26 


2, 497, 271 


2, 157, 076 


2, 058, 580 


4, 320, 645 


1, 542, 492 


3, 008, 647 


7, 670, 108 


27 


220, 064 


224, 825 


360, 075 


432, 561 


189, 554 


385, 036 


1, 557, 135 


28 


152, 154 


105, 551 


85, 952 


119, 120 


34, 455 


48, 504 


42, 295 


29 


49, 090 


36, 797 


35, 797 


60, 526 


38. 194 


74, 899 


193, 258 


30 


27, 563 


26, 703 


30, 573 


79,717 


37, 684 


119,689 


529, 724 


31 


35, 000 


34, 978 


43, 867 


118,720 


52, 810 


138, 395 


406, 112 


32 


36, 405 


29, 524 


28, 482 


54, 964 


19, 643 


38, 834 


82, 278 


33 


61,518 


59, 886 


69, 017 


178, 064 


89, 920 


236, 831 


774, 224 


34 


3,424 


3,312 


5,794 


12. 065 


9,918 


16, 250 


28, 578 


35 


3,938 


5, 294 


7,229 


26, 029 


17, 277 


55, 183 


48, 445 


36 


502, 014 


447, 224 


456,918 


1, 066, 285 


491, 368 


1, 260, 073 


2, 610, 524 


37 


3, 588, 442 


3, 131, 170 


3, 182, 283 


6, 469, 296 


2, 523, 314 


5, 382, 342 


13, 942, 681 


38 


147, 542 


163, 552 


204, 025 


523, 827 


265, 494 


675, 710 


1, 408, 570 


39 


142, 338 


154, 557 


190, 527 


476, 498 


233, 042 


556, 961 


1, 059, 144 


40 


19, 538 


21, 229 


26, 179 


65, 718 


32,284 


77, 629 


149, 755 


41 


935 


844 


970 


1,609 


391 


481 


617 


42 


20, 472 


22, 073 


27, 149 


67, 326 


32, 676 


78,110 


150, 372 


43 


127, 070 


141,479 


176,876 


456, 501 


232, 818 


597, 600 


1, 258, 199 


44 


49, 083 


54, 758 


76, 981 


241,648 


141, 181 


465, 219 


1, 289, 103 


45 


3,384 


5,641 


6,699 


13, 875 


3,308 


13, 392 


20, 057 


46 



170 



STATISTICS OF INCOME 



Table 16. — Returns of corporations submitting balance sheets for 1933 by total 
or at close of fiscal year nearest thereto, corn-piled receipts and statutory deductions, 
total tax, net profit after deducting total tax, and dividends paid — Continued 

[Money figures and total assets 

PART III. RETURNS 



Number of returns with balance sheets ' 

Assets: * 

Cash s 

Notes and accounts receivable. 

Inventories 

Investments, tax-exempt ■" 

Investments other than tax-exempt 5 

Capital assets— Lands, buildings, equipment (less de 

preciation). 
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 • 

Cost of other operations 

Compensation of officers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax 9 

Bad debts 

Depreciation 

Depletion. 

Loss, sale of capital assets 

Miscellaneous 

Total statutory deductions 

Compiled net deficit (26 less 38) 

Statutory net deficit (39 plus 24 and 25) 

Cash dividends paid 

Stock dividends paid 



Total assets classes 



Total 



10, 588, 7S7 
25, 672, 494 
6, 349, 670 
9, 838, 300 
47, 068, 867 
68, 781, 818 

9, 778, 841 



178, 078, ■ 



12, 515, S55 

33,751,778 
58, 328, 228 
11,011,024 
44,731,732 
26, 745, 852 
9, 005, 693 



1 7*. 078. 777 



21,590.157 

9, 624, 753 

1, 856, 610 

1, 109, 873 

141,656 

592, 367 

534, 463 
430, 498 



35, 880, 376 



16.705,338 
5,225,744 

1, 081, 327 

796, 127 

2, £02, 322 

1, 181, 153 

882, 866 

1, 893, 836 

160,430 

1,322.399 

8,286,918 



40, 038, 459 



4, 158, 082 

5, 123, 043 

734. 353 

21, 590 



Under 50 



164, 189 



152, 173 
657, 008 
464, 343 
11,886 
120, 385 
1, 156, 236 

312, 475 



2, 874, 507 



1,081,444 
327,811 
295, 402 
136, 391 

2, 203. S25 
264, 677 

1, 435, 045 



2, 874, 507 



3, 263, 091 

916, 846 

13, 158 

59, 848 

5, 69S 

47, 397 

2,363 

1,741 



4,310,142 



2, 581, 097 

525,491 

328, 021 

184, 432 

40, 791 

42, 408 

65, 072 

97, 642 

1.390 

76, 224 

809, 682 



4, 752, 251 



442, 108 

446,212 

18, 191 

1,189 



50 to 100 



39, 512 



108, 300 
558, 392 
319, 569 
20, 478 
174, 988 
1, 341, 253 

290,952 



2,813,931 



710, 323 
461, 426 
292, 954 
128, 429 
l..V2\764 
313,280 
621, 244 



2, 813, 931 



1,660,405 

374, 235 

14, 375 

57,209 

2,790 

26, 936 

19, 261 
1,376 



2, 156. 587 



1, 313, 570 
222, 944 
123, 830 
60, 231 
42, 342 
35, 264 
39, 060 
66, 005 
1,081 
27,192 
402, 570 



2, 334, 088 



177, 501 

198, 137 

14.217 

934 



i Excludes returns for inactive corportions and returns with fragmentary balance sheet data. 
2 See text, p. 29. 

s Includes cash in till and deposits in bank. 

* Includes obligations of States and Territories or minor political subdivisions, securities issued under 
the Federal Farm Loan Act, and obligations of the United States or its possessions. 

5 See text, p. 29. 

6 Gross sales where inventories are an income-determining factor. For "Cost of goods sold", see Statutory 
deductions. 



STATISTICS OF INCOME 



171 



assets classes, showing number of returns, assets and liabilities as of Dec. 31, 1933, 
net profit or deficit, statutory net income or deficit, income tax, excess-profits tax, and 

classes in thousands of dollars] 
SHOWING 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 




39, 489 


18, 532 


11,510 


11, 164 


1,602 


1,231 


394 


1 


271, 764 


321, 975 


437,213 


1, 277, 068 


675, 586 


1,645,044 


5, 699, 664 


2 


1, 176, 112 


1, 190, 465 


1, 424, 760 


3, 983, 394 


1,811,857 


3,598,159 


11, 272, 348 


3 


538, 332 


445, 425 


457, 352 


951, 852 


400, 457 


843, 489 


1, 928, 851 


4 


106,011 


199, 217 


347,317 


1, 296, 759 


663, 622 


1, 641, 507 


5,551,503 


5 


575, 395 


843, 129 


1, 332, 963 


5, 524, 980 


3,159,414 


7,718,415 


27, 619, 199 


6 


3,016,413 


2,961,605 


3, 393, 981 


8, 223, 729 


3, 795, 455 


8, 143, 454 


36, 749, 692 


7 


578, 812 


554, 835 


642, 853 


1, 697, 972 


558, 954 


1, 446, 047 


3, 695, 941 


8 


6, 262, 839 


6, 516, 650 


8, 036, 438 


22, 955, 753 


11,065,345 


25,036,115 


92, 517, 197 


9 


1,245,610 


994, 179 


1,001,244 


2, 094, 219 


846, 383 


1,491,864 


3, 050, 589 


10 


1, 194, 666 


1,226,843 


1, 400, 794 


3, 528, 365 


1,892,471 


4, 360, 513 


19, 358, 890 


11 


934, 459 


1, 330, 877 


2, 042, 808 


6, 931, 903 


3, 450, 865 


8, 367, 142 


34,681,817 


12 


362, 832 


407, 787 


565, 107 


1, 784, 972 


872, 583 


2, 168, 698 


4, 584, 226 


13 


2, 804, 599 


2, 477, 535 


2, 717, 960 


6, 691, 436 


2, 963, 749 


5,609,416 


17, 734, 446 


14 


764, 108 


897, 646 


1,114,365 


3, 569, 220 


1, 720, 753 


3, 964, 672 


14, 137, 131 


15 


1, 043, 436 


818,217 


805, 839 


1, 644, 363 


681,459 


926, 189 


1, 029, 901 


16 


6, 262, 839 


6, 516, 650 


8, 036, 438 


22, 955, 753 


11,065,345 


25,036,115 


92, 517, 197 


17 


2, 277, 045 


1,594,722 


1,453,483 


2, 927, 179 


1, 302, 252 


2, 613, 432 


4, 498, 549 


18 


531, 329 


378, 359 


358, 227 


780, 067 


391,726 


1, 090, 897 


4, 803, 067 


19 


46, 199 


59, 025 


80, 185 


258, 522 


127,717 


252, 703 


1, 004, 726 


20 


124, 404 


115, 503 


117,586 


235, 607 


78, 251 


137,113 


184, 352 


21 


6,623 


6,586 


8,432 


29, 849 


14, 174 


31,914 


35, 590 


22 


46, 673 


38, 127 


40, 888 


94, 175 


36, 486 


75, 332 


186, 353 


23 


6,964 


9,662 


16, 171 


77, 244 


45, 486 


105, 601 


251,712 


24 


4,744 


8,567 


14, 359 


52, 730 


26, 300 


65, 057 


255, 623 


25 


3, 043, 982 


2, 210, 552 


2, 089, 330 


4, 455, 373 


2, 022, 390 


4, 372, 049 


11,219,971 


26 


1, 793, 496 


1, 244, 169 


1,136,377 


2, 212, 320 


982,311 


1, 985, 406 


3, 456, 592 


27 


323, 633 


240, 159 


209, 054 


358,910 


174, 409 


484, 361 


2, 686, 782 


28 


152, 745 


96, 461 


76, 285 


131,793 


37,715 


62, 998 


71, 480 


29 


68, 636 


42, 661 


40, 002 


88,014 


35, 242 


93, 2S0 


183, 628 


30 


98, 296 


102, 669 


121, 328 


328, 346 


159, 366 


323, 583 


1, 285, 602 


31 


69, 725 


63, 728 


68, 021 


157, 103 


64, 826 


141, 957 


538, 122 


32 


70, 753 


62, 774 


62, 448 


146, 720 


59, 231 


119,418 


257, 389 


33 


117, 617 


98, 398 


106, 528 


257, 894 


118, 870 


281, 532 


749, 351 


34 


2,701 


3,097 


6,112 


19, 097 


9,019 


21, 969 


95, 965 


35 


57, 371 


56, 978 


68, 898 


288, 021 


191,514 


337, 343 


218, 858 


36 


624, 888 


492, 348 


499, 621 


1, 249, 222 


565, 740 


1, 263, 7S1 


2, 379, 066 


37 


3, 379, 860 


2, 503, 442 


2, 394, 673 


5, 237, 439 


2, 398, 244 


5, 115, 627 


11,922,835 


38 


335, 878 


292, 890 


305, 343 


782, 066 


375, 854 


743, 579 


702, 864 


39 


347, 586 


311,120 


335, 873 


912, 040 


447, 639 


914, 237 


1, 210, 199 


40 


14, 403 


14, 368 


21, 092 


73, 565 


50, 265 


124, 175 


404, 077 


41 


2,751 


3,704 


3,153 


5,814 


973 


2,909 


160 


42 



7 Gross receipts from operations where inventories are not an income-determining factor. For "cost of 
other operations," see Statutory deductions. 

8 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. 

8 The "Cost of goods sold" and "Taxes paid other than income tax" are in process of revision. (See text, 
p. 29.) 
"> Deficit. 



5984—35 



172 



STATISTICS OF INCOME 





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c=.-cxx;rr~r~r» i 

= M ra 

x ^ x r^ ;r :r 


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24, 700 
10,00-1 
36, './ 1 1 

28, 708 

24,366 

40, 880 

18,466 

17,023 


-- 
a: 


3, 70!) 
8,671 
3, 373 
6, 602 
7,016 
2,491 
7,018 


2 

X 

— 


17,040 

26, 102 

22, 800 

16,927 

28, 480 

8, oi I 
6,901 


© 


c:nc-nsc; 

■ ■ - - • - 


= 

CO 

© 


61, 100 

III'/, OHO 
101,30(1 

104,749 

218,45(1 
39, 184 




2, III) 
2, 430 

6, 092 
10,247 
29, 121 
10,820 

1 ... 01 1 


o 

X 


8,046 

12,085 

28,090 
27, 870 

16, 176 


© 


!4,520 
62,719 

43, 884 

67,818 

0,011) 
0, 227 


rj 


x'x'rfzf— - i - - 

-^ t- x - - > n ^ 


5J 1 

3» 


•III, III 

64, 189 
119,684 
i • 1,060 
130, nil 
296, (ion 

86, i-'.i 

1 


r. 
r" 
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(i, 832 
8, 090 
11,422 
20,681 
20, 112 
24, 190 

8, All 


- 


.. 192 
18,070 
19,678 

18,004 

88, 007 
0, 160 




1,786 
1,096 

i, 162 

/.io 

300 

20 


=" 


z 

— ." — "-:"—'.' - 


i 



STATISTICS OF INCOME 



173 



E-i — ■ >-- — . cm r- u- co 



2,008 
1. 235 
1,002 
3, B01 
1,823 

6, 133 


•CS 
IU5 


re 


2, 092 

1.97(1 

6, L76 

5.515 

7. 7S1 
17,807 

7,817 


•o 

ICO 

-■ 


o 
•o 

oT 

CO 


8, 036 
1,990 
8,884 
5,643 
s, 087 
19, 128 
9,987 


: ■ 


55 
o 


20, 127 
18,048 
46,084 
46,218 

65, (H)2 

137,311 

65, 104 


cj 

- 

- 


OS 

: 

CO 

•a 


11,339 
9, 393 
24,370 

17.732 
31,371 
52, 85S 

29, 087 


- 

>CO 
IT 

— 


— 

X 

<o 

o 

CM 

CM 


7, 167 

5,604 
17, 155 
25, 807 
19,209 
74,087 
80, L89 


X 

X 
- 


X 

CS 
CO 

ic 

X 

ex 


7 18, 864 

? 2, L95 

^ 139 

10,712 
33, 897 

94,315 
1.13,293 


— 


CN 

»e" 

cs 

CO 


31,584 
20, 734 

55,017 

19, 1 L6 

89,524 

213,088 

121,704 


— 

CO 

— 
iCN 


co 

>o 

CN 

o 

CO 


722 
749 

2, 082 
2, 338 

4, 720 
15,713 
11.931 


x 
x 

ics 


CM 
CM 


42(1 

658 

1,719 

■4,284 

27,074 

16,578 


i OS 

•o 


CO 
CM 


5, 167 
4,313 

11, 168 

12, (IIS 

7, 378 
27,59(1 
15, 335 


CO 


r- 

CO 

r. 


re cc co cm r- co e* • 

Xtnti c — ■■ ci 
c c; c M * o -r " 

— co" r- -j£ — " — ' cd 
N N N x x c - 

— -c- cn i 


IC 

•C 
l-f 

i IO 
X 

lis 


- 
r- 

X 


13,286 

17, 2IS 

48, L96 

53, 853 
SI, (WO 
255,518 
21 IS, I'll 


■ CO 

.-- 

■ M 

x" 

re 
re 


re 

o 

o 


440 

467 
1, 284 
1,911 
2.310 
13,099 
6,81(1 


'S 

ICO 

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CO 

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is r r c 'i ?i ~ 
to to^rtc"co"co r-T i 


' CO 

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100 


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1,005 
3S2 
ISO 
250 
184 
193 
11 
8 23 


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174 



STATISTICS OF INCOME 



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175 





lOS 

I to 


o 

OS. 
CO 


1 11,272 
t 5, 783 

1 12, 591 
7 6,401 
' 5, 476 

i 16, 702 
» 8, 929 


I CI 


CO 

o 
of 

00 


W Q CO IO -H 00 'f I 
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,U5 

to 

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172,921 
117,044 
202, 648 
132, 894 
140,901 
292, 686 
109, 238 


HO 
1 IQ 


to 

OS 


5,436 

1, 917 
2,203 
1,597 
1,522 
3,852 

2, 976 


lt» 
iO 
ICO 

1 oi" 


00 

CO 
CM 


166, 448 
114, 168 
197, 875 
129, 348 
137, 463 
283, 555 
102, 872 


I tD 
■ t>. 
1 1^ 

KM 


to 

o 

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IO 

to 


TO^CCNOOO i 
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00 r- *-+ C: 00 OS »o ' 

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iC» 

IN 

]»o 


n. 

OS 
CO 

»o 

tN 


56, 994 
47, 283 
92, 138 
61,818 
52, 439 
125,021 
67, 909 


I »0 
I o 

IN 

' 05 


00 

to 

CO' 
CO 

C» 

to 


4,608 
4,391 
15, 404 
13,612 
16, 069 
62, 788 
42, 857 


1 s 

itN 

! to* 
i t- 


OS 
tN 

CT> 

»o 

CO 
CO 


6,406 
6,473 
16, 307 
13, 310 
14, 942 
59, 942 
42, 033 


iO 
I >o 

I io 


CO 

to 
o 

>o 

o> 

tN 


30, 197 
22, 699 
37, 478 
24, 928 
20, 044 
43, 276 
19, 912 


I-* 
I >o 
i o 

i -^r 

i CM 


00 
00 
IO 

tN 
CN 

CO 


77, 492 
78, 905 
160, 043 
129, 392 
124,994 
330, 274 
193, 551 


IN. 

i to 
I o> 

! tN 

iO 
• 00 


00 

to 

a 

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43, 138 
43,618 
87, 740 
68, 090 
61,335 
178, 266 
104, 829 


iN 
i 00 
i <M 

! a> 

i (N 

ICO 


s 

CO 

to 


9,268 
9,181 
19,351 
14,813 
17, 133 
40, 799 
13, 3!55 


i 00 
I a> 

! oo 


OS 

o 
o 

IN 


15, 505 
14, 788 
27, 739 
19, 808 
21,419 
41,830 
20, 623 


i 00 

i >o 
UN 

!■* 
■ >o 


o 

OJ 

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CO 


4,148 

1,110 

1, 024 

375 

179 

170 

27 

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N i 


o> 
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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 8 


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STATISTICS OF INCOME 



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2 2 L'« 

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19 

11 

81 
87 

4,250 


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cv •— i CO »C CO »-< 1 ' ' CS 


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t~ CO CS Cs -3- O i I ' t- 
CO ^ CO •*? CO — ' ' ' '<o 


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3,224 
2,202 
5, 716 
4,834 
2,78] 
13, 519 

72, 721 


OS 

o 


CO IN I HO I i i ' 


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3,192 
2,185 
5, 658 
4,792 
2,718 
13, 327 

71, 964 


o 

CO 
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CO 

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'942 
'193 
'540 
'375 
707 
4,824 

26, 623 


Tfl 

o 
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CO 


1,870 
1,748 
3, 867 
2,085 
1,785 
10, 597 

26, 757 


C5 

o 

CO 


138 

125 

258 

1,427 

1,055 

6,059 

20, 864 


CM 

CX 

CM 


85 
88 
188 
132 
329 
885 

15, 562 


o 

CM 


NCH^CO i I I r-< 


o 
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2,073 
2,494 
6,234 
4,915 
4, 973 
23, 624 

93, 129 


CO 

T 

to 

CO 


464 

621 

1,031 

944 

1,178 

4,612 

9,028 


cc 

A 


601 
719 
1,713 
1,745 
1,506 
6,271 

47, 542 


o> 
o 

o 
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605 

661 

1,663 

1,290 

897 

4,637 

21, 836 


C5 
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CO 


«-*CI*NHf)rt« I 


CO 
CO 

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Under 50 

50-100 

100-250.. 

250-500. 

500-1,000 

1,000-5,000- 

5,000-10,000 « 

10,000-60,000 • 
50,000 and over «... 
Classes grouped.. 


"3 
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STATISTICS OF INCOME 



177 



559 
472 
1,250 
2,752 
4,519 
16, 533 
5,085 


100 
ICO 

ir<* 

I CN 


CO 

IO 
IO 

oo 
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2,571 
4,045 
10, 929 
16, 113 
22, 018 
62, 797 
19, 708 


'O 

■ <g 

i lb 

' co 


CN 

CO 

o 

CM 


2,647 
4,093 
11,162 
16, 572 
22, 554 
65, 371 
21, 386 


!§5 

ICO 


CO 

f» 

CO 
CN 


182, 562 
217,114 
368, 731 
358, 091 
389, 874 
844, 285 
251, 581 


i CO 
I CO 
IOS 

100 
ICO 

no 


s 

00 
CO 


6,378 
3,348 
1,692 
2,782 
2,983 
8,505 
1,211 


i r- 

i io 

i >o 


o 
t^ 

T* 

CN* 

CO 


175, 235 
212,658 
364, 091 
351,328 
381, 575 
819, 689 
244, 760 


1 Tj, 

I io 

1 io 

HO 


00 
00 

o 

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1,769 
7,038 
25, 713 
45, 578 
73, 108 
267, 988 
83, 421 


1 N- 
lt~ 

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1 Tf 

I CO 


CO 

en 

CO 

csf 

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27, 519 
35, 132 

74, 419 
93, 655 
124, 630 
362, 525 
125, 530 


HO 

ICN 
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ICO 
ICO 


IO 

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1,277 
4,241 
10, 910 
22, 197 
35, 077 
128, 490 
56, 010 


ICO 
ICO 

I CO 


en 

CO 
CO 

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740 
1,664 
5,197 
7,150 
8,577 
27, 263 
6,529 


iO 

i o 

ICO 
100 


CN 

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CO 


13, 558 
19, 138 

39, 133 

40, 173 
44, 085 

101, 533 
27, 237 


I CO 
I CO 

ICO 

lt^ 


en 

IO 

oo 

IO 
CO 


48, 039 
70, 818 
163, 331 
219, 850 
297, 048 
929, 202 
313,817 


■ IO 
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ICO 

ICO 

i r-- 

103 


en 

IO 
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o 

CO 


8,339 

13, 701 
42, 283 
77, 585 
108, 502 
396, 314 
135, 350 


I CO 

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1 CD 

I CO 


o 

00 

o 

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13, 555 
21, 830 
51,410 
61, 554 
83, 573 
231, 695 
81, 442 


iCN 

I CO 
IO 

!od 

! CM 


CM 

en 

o 

CO 
CO 


22, 676 
30, 671 
55, 116 
55, 486 
66, 063 
166, 847 
47,411 


. CD 
i CN 

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OO 

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00 

en 

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2,001 
994 

1,020 
612 
427 
441 
48 
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Under 50 

50-100 

100-250 

250-500 

500-1,000—. 

1,000-5,000 

5,000-10,000 

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52 

91 

532 

404 

987 

4,938 

1,033 


ICO 

■ en 

ICO 

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CC 

CO 

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484 
842 
3,063 
2, 560 
3,936 
13, 682 
6,372 


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CC' 

TT 

IO 

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615 
844 
3,153 
2,720 
4,023 
14, 397 
6,478 


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CO 

00 

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25, 973 
33, 948 
87, 148 
69, 958 
79, 568 
179, 354 
85,417 


■ en 

i^> 

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■ ib 

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IO 

en 

CN 


o en io io — < co ~-i i 

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' CO 

i CO 
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T* 

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of 


24, 945 
33, 491 
86, 063 
68, 693 
78, 317 
175, 970 
83, 781 


!S8 

100 

i CN 

ICO 


o 

«** 


139 

1,732 
7,137 
10, 512 
11,403 
30, 132 
24, 426 


IcN 

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CO 
O 

CO 

ib 

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4,041 
5,211 
15, 443 
13, 105 
19, 824 
60, 183 
15, 606 


100 

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CN 
CN 

00 

ib 

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367 
789 
3, 095 
3,688 
7,469 
28, 989 
10, 232 


i CO 
ICO 

I CN 

ICO 


O 

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CO* 
00 


144 
207 
640 
1,101 
1,088 
4,204 
5,278 


iCN 

100 


T* 
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2,065 
3,314 
8,011 
7,438 
9,355 
16,813 
9,215 


I t^ 

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It- 
i c-" 


00 

en 

CO* 

CO 


7,707 
11,888 
36,041 
37, 465 
51, 457 
147, 220 
77, 394 


IT* 

ICO 
iO 
ICN 


en 

CO 
CN* 

r~ 

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1,486 
2,040 
7,264 
7,933 
9, 764 
30, 347 
20, 658 


' OO 

1-C" 

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I IO 


O 

T* 

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CO 


2,387 
4, 416 
12,903 
14,318 
20, 616 
53, 882 
30, 498 


100 
iCN 

i T7- 

IN 
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T* 

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3,030 
4,571 
12, 200 
11,340 
14, 652 
37, 965 
15, 312 


1 IO 

100 
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CN 

N* 

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OCNX-*OrHCC 
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50-100 

100-250 

250-500 

500-1,000 

1,000-5.000.. 

5,000-10,000 

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178 



STATISTICS OF INCOME 






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100-250 
250-500 
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1,000-5, 
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CN 


CN 


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50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 


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STATISTICS OF INCOME 



179 



COCN.-MO 



»o as n. oo n. »-• oo 



TH.-I (NCNCD 



2S 



O CO CO O) M W O 

ci :i c t cn oo h 

O iO O) 00 CN CO •? 



t»« CM -*P CO 00 "T *0 



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co t 1 - oo <— ' co r^ l-d 

iO X CO CI CO >X f 
TP Tf t^- t~- I— < >— « 00 



^CN'tCOOO' 



i-t CN CN CM i-» OS © 



CO" H O* rH 



CO oo »o CO OS © Tt< 

© co *o oo ^r co co 

co i-T -* co* i-^" cc" t-T 



t-*. OS OS CM OS O0 TF 

H N (N CO rf u: *f 
CO r-t 00 iO i-i rP rp 



^ CO 00 00 — « CN OS 

CO *0 ^O GO O ?i ?i 

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H tJ< 0C CO C CN Oi 
O CS h ^ iO CO Oi 
l>. t^. Tt* CM iO iO © 

rH HCNHcdcN 



lON^CNtON 
CM CO t- i— ' OS CO CO 
CO CO O CO CO CO t^ 



CM CM CO CD CO O0 © 



"-* T- CO CD tH OS O 

co co hh *o »o io r-H 
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t-- OS -^ 00 — • O 00 

iQ CO Oi X CI 't ') 



CO © CM — « 00 CN CO 

t- CM rT" © 00 CO OS 



i-t i-l -tf'OO 



CMOscOCCOOl^t^^fCM 
NCOCOHHH __ 



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-i- - . H Q O w 

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t^- >o tr- r» r-- os os 

CO f*- CO CO CO — t ■-» 

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r- CM CO 00 OS CO © 
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cd cm © © cooor- 



HCOCNCOiOH 



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co ih co N -^ a w 
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CM CO — < iO t^- © CO 

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CO i— < t^- CO »o CO i— I 

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CO © O 00 CO CM iO 
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00 ^ Ol — < GO ^ O 
iHNXCOCOCNiO 

of i-T co* co © ©" r-*~ 

t- CM CO CO t^ CO © 



CM CM ©© tO t-O) 

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© IO © i-H H Ol © 

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CO h- >C N rf CO iH 

^ co ©©cc©*- 
co © © r— oo to t^- 



COiONNNMO 

i-lHHCNH 



© »o GO 00 00©© 
iO«OOOiONNCO 
00 CO CM 00 ■** © -rp 

CO* CO t**" *0 r^" co" of 



Os©©00©00i-« tt> o 



TPCOCOt-tr 



•6S 

5i 



-I I o o 35 
V OO O O m 

o g g 33-2 



157 
120 
623 
843 
668 
2,597 
1,060 


lOS 
ICO 
iCO 


CO 
CO 
N. 


oo co co os r~ co co i 

Cl «"t Cl C iO M I 
CN CO 00 CN IO O0 00 < 

n*o o aToTod N I 


i CO 
I OS 

1* 
ico" 


N- 
CN 

n< 

CN 

OS 


CO ■-< IO ^* CO Tf CO I 

o co co o as cn co 1 

ON!OONi-lin I 

nT*o coaTasoo n i 


IS 

100 

icyf 


OS 
CO 
00 

OS 
CO 


40, 422 
37, 319 
69, 508 
65, 817 
74, 848 
137, 484 
61, 436 


i OS 
100 
100 

I OS 


CO 
CN 
N- 

00 

>o 


870 
312 
509 
886 
487 
1,908 
843 


iO 

I CO 
IO) 

• co" 


IO 
N. 
N. 

OS 


38, 892 
36, 097 
67, 259 
62, 979 
71, 207 
129, 390 
54, 637 


I CO 
!■»< 

ICO 
IN 


Os 
CO 

CO 
CO 

>o 


7 24, 547 
i 13, 705 
' 15, 750 
i 9, 982 
17, 423 
45, 821 
51, 318 


iO 
■ CN 
ICO 

I CO 
ICN 


00 
OS 
00 

CO 
CN 


37, 752 

38, 452 
87, 786 

100, 666 
89, 804 
219, 950 
100, 858 


■ OS 
i IO 
i OS 

iO" 

1 "tfl 

iCN 


CO 
CN 
CN 

CO 

OS 


3,207 
2,881 
8,152 
12, 602 
17, 392 
50, 640 
22, 406 


' CO 

i r-T 

ICN 


o 


2,951 
4,814 
9,940 
9,709 
14, 765 
43, 587 
32, 728 


i OS 
' 00 
IO0 

100 


CO 
CO 
CO 

o" 

o 

CN 


16, 530 
16,811 
32, 022 
31, 891 
32, 467 
62, 026 
38, 514 


100 
I IO 

I >o 


N. 
N. 

CN 

CO 
CN 


39, 354 
54, 264 
130, 191 
154,612 
186, 626 
459, 336 
261, 684 


'O 

ICN 
IN 
ICO 


o 

N- 

CO 

»o 
as 


16, 257 
23, 438 
56, 910 
67,841 
84, 812 
238, 595 
154, 821 


iCO 

I ■*** 

lOS 

! CN 

'■* 
i-t" 


00 

co 
*o 

CO 

o 


8,844 
12, 069 
28, 459 
31,515 
36,313 
68, 749 
20, 140 


I CO 

inT 

ICO 


00 

Os 
CO 
CO? 

tS 

CN 


10, 000 
12, 636 
26, 194 
29, 573 
29, 682 
54, 976 
32, 819 


i CN 

■CO 

i OS 

I >o 

i 


CN 

CO 
00 

TC 
CN 


ioooww^ nosoc 
as*occcococococN. 

OS N. CO •* CN CN „ * 


•* 1 


N» 
N- 

>o 


Under 50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000-50,000» 


3 60 
■3 OI 

= Ss 
3 in 

§5 


"3 
o 
Eh 



180 



STATISTICS OF INCOME 



°> TP 



3«» 



^IJL, 


T3T3 


a± 


a 


C3 


O-o 


■6 


ft 






JJ 








3 a 


ti 


ca 


« >, 


c 




02 O 






** 




o 



£ag 



g S o g 9 



2.2 



3 « <u J3 <d 
•^3x3 CO' 



a" > L a 

CO CJT3 ".2 



T3 S "2 "S 8, 

B a> c ° S? 

CO w 



£5SS 



co tn c3 — » 



O ^o "* 



js ® ffl a •- — 

SoX33g^ 

o n §8£ s 






16 
78 
520 
1,062 
1,766 
6,853 
3,513 


rcn 
i »o 
1 »o 


CO 

CO 

IO 
CM 


359 
652 
3,139 
4,255 
5,190 
15, 970 
7,989 


tOJ 

i c-» 

ICO 


Tj 

00 

>o 


360 
660 
3,173 
4,346 
6,398 
16, 738 
8,281 


i o 

I id 

■ cm 

i *o 


CM 
(M 

■H? 

>o 


12, 885 
19, 646 
58, 036 
66, 967 
72, 398 
192, 572 
92, 587 


i - 
1 o 
i o 

I CO 


00 

oo 

00 

o 


OHONNOOO ' 
i-l CO 1 


■ CI 

■ 00 


oo 
of 


12,714 
19, 468 
57, 376 
66, 234 
71, 242 
188, 716 
91, 100 


IO 

I 00 
i 00 


o 

CO 
03 

OS 
CO 


321 
1,577 
8,422 
17, 556 
24, 541 
73, 741 
32, 022 


IN 

l«5 


CO 

-^? 

CM 
CM 


3,252 
5, 532 
15, 679 
17, 666 
26, 380 
91,441 
45, 279 


1 r-- 

i Ol 
l"3< 

1 co* 


CO 
<M 
t~ 

CO 
CO 


166 
641 
3,684 
4,026 
6,894 
28, 336 
29, 237 


1 »o 
1-* 

IN 


Tfl 

CO 

r- 

tP 


134 
455 
1,608 
1,913 
3,122 
15,211 
20, 392 


I »0 

I CO 
I CO 

!o 

I IO 


O 
IO 

CO 
C5 


1,479 
2,109 
5,903 
6,720 
6,305 
15, 942 
5,081 


!t!<" 

IIM 


iO 

o 
o 

00 
CO 


5,643 
10, 962 
36, 919 
50, 002 
70, 433 
234, 687 
137, 649 


I o> 
iO 

lev- 
ies 


Tj< 

oo 

CO 
00 

o> 
oo 


1,887 
3,809 
14, 238 
20, 071 
30, 991 
115,901 
74, 248 


1 i~- 

1 «o 

!o~ 

iO 
ICM 


IM 

o> 

CO 
CD 


1,201 
2,530 
7,619 
10, 860 
13, 134 
32, 731 
18, 496 


ICM 

iO 
I CO 

it!? 
i CO 


CM 
CO 
CM 

C-) 


2,005 
3,558 
10, 405 
12, 635 
15, 185 
44,003 
23, 976 


' OS 
l<M 

i t>T 

ICO 


00 

o 
■H" 


MrtNH rH 


CM i 




Under 50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000-50,000 « 


ii 

> 9 1 

a m 

cS tn 

o S 

lO^J 


"3 
o 

Eh 



locow MrtO'fSr- < 



io .-< co co --< co -^ "i o-i 

iC OS Tj<CpHHCOON 

ocoooob-cocorr 
i-T*~ r-TofcN r-Tio"co"rC 



CO^tJ<hN030NO 
-r-r oo co co '--*: 7i ~ ~ f 

©COCOOiOtOCNCMGC 



i-H " thNINN» 



ro ~ ■ T-. os s r co --O >~ 

— CO O OS 1 ' ~ O CO X. 

CO" o" CD* CO*" GO 'OS cc" OS O* 



Tf (M b- CC C - 1 ^ CI N 
Oa«OHi-i«C3 OS 



HONO00 05C0 05H 

i— » ** co co co -r os ro ~ 

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co oT »o co" r^ t^r tjJ" -r^r © 

i—> C, (N C-4 00 »0 GO O 



OhCOI- GO ~ ~ CO 

/. ?i / - n - - n r: 



<cooo©cos 



cO'-H^GO'-t'cDOscor-- 

t-- OS OS CD --P 'O- CD O CO 

cor--i>-cOT-<c>Jcococo 

H H r-l N tJ» CO N 



COC'T'OOO'^h-CO^'TrJl 
HNiO»OGON-tOO^ 
lONOOiCOClNGOCO 

■^ co" co" CO* 00 OS iC 

CN r-t CO i-l 



OS OS o — ' OS »o t— CD iM 

s ~ o i r i — « os co cc o 

■^jiiOCOi— "TfOi— tCDO 
Of CO iO CO co" CO*" I> 



IOS<— it^-OS— iCSN>C 



i os r^ co i 

SCOCOC0t--u0iO00»O 
CO" CM CO »o" CD C 



t-hcOcO^hco— iON»C 
COOt-<CMOOO-^t*h^h 

t^cor-tot^oOTjTt^Tf 
oo os" oo cn" oT »o" co" r-^ o* 

CM CO "<f OO CO IM *" 



OCDGONCCTtioON 

oo ■* — ■ co oc co -r o — i 

MHh-lNNNHOrC 



co Tt* co co r- -^ »o x co 

HHNHCONCO 



COT-KNitcOClCDCON 

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COIO-— i CO CI GC N C-l N 

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•OS5'- 



STATISTICS OF INCOME 



181 



451 
519 
2,450 
2,895 
3,207 
8,803 
7,259 


i co~ 


00 

of 

■*c" 


1,483 
1,532 
4,037 
5,363 
6,218 
16, 201 
14, 280 


' o 
i o 


00 

o 


1,505 
1,569 
4,156 
5,542 
6,715 
17, 900 
15, 215 


' o 

i lO 

i CO* 


O 


42, 549 
36, 291 
76, 900 
77, 781 
80, 708 
193, 078 
112,410 


c CO 

' CO 

' o 

i 00 

1 ■** 

I CO 


CN 

00 

l< 

CO 

o> 


10, 156 
10, 383 
22, 240 
35, 238 
37, 079 
99, 557 
64, 223 


is" 

• CN 


oa 

CO 

o 
of 

o 


32, 132 
25, 238 
53, 565 
40, 671 
41,736 
86, 462 
44, 621 


! o 

I (N 

t »o 
I o 


CO 
CM 
CO 

oT 

0> 


2,761 
5, 885 
19, 704 
28, 333 
33,715 
97, 669 
92, 517 


1 t~ 

I CT> 
' CO 

' CO 

I CO 


o 

CO 

a> 


13, 437 

14, 257 
29. 715 
32, 778 
39, 964 
81,048 
41,322 


i CO 

i c£ 

I OJ 


CO 

of 


862 
1,308 
3,152 
6,312 
9,946 
27, 633 
15, 253 


'CT1 
i W 


CO 
CO 

>0* 

CO 


1,038 
1,124 
3,779 
5,293 
7,590 
18, 406 
22, 233 


1 CO 

! o 

1 Oi 


O 

ol 
o 


5,361 
3,950 
7,341 
8,212 
8,032 
20, 148 
7,567 


i CO 

i 00 
I CN 


O) 

CO 


24, 914 

28, 757 
67, 465 
87, 430 
104, 990 
265, 474 
188, 482 


" CO 
i 00 
1 CO 

1 TjT 

i o 


CO 

a> 

00 

CO 
00 


9,188 
9,231 
21, 840 
31, 120 
36, 555 
77, 983 
73, 709 


I lO 

i o 
i a> 


o 

T* 
CO 

CO 


2,170 
2,492 
6,019 
6,237 
7,659 
18, 698 
5,807 


i CO 

' o 


00 

CO 

00 
CO 


9,460 
9,088 
19, 456 
21, 161 
23, 619 
64, 354 
32, 839 


I io 
i CO 
I CN 

1 to" 
1 1^ 

1 CN 


oS 

co" 


co -*f h- co co cj oo r~ oi i 


CO 

of 


Under 50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000-50,000 6 


> & 

n m 

C3 K 

= 8 

O c/3 

O c3 

go 


"3 
o 

in 



CfiHiCfNNcCHH 
tOtOOt*--— 'COt^-00 
rt rt ^ CO »0 « ^ ^ 



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COONNCO-hOOM 
hhOOttOmiO 

rPOCOtOCCCOcOTp' 



•-H tJ« QO Ol -h O t|- (N 
C-IN'^tDN'flNN 
<-tO0000CMI>tOC0 

rpCO~t^'T^CO"'cD*'CM r ~ 



Hb-OCOOOCOiO 
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OOCOiOb-QONOl 



co«-«t'-aiCM , *t , co , ^« 

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■*t< to «* h C0 W CI t - 

tOtOCOOCMOOOOCS 



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lOtO^COOSOCOOO 
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182 



STATISTICS OF INCOME 



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ca S.S n 



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HHHIOCO 



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■H H CS CO Tf 00 CO r-. *f 



COCOCMCMOOCOCOCOCM 
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CD^rHOW-*t"-lS 



CO-^OCO^H'^'- | C>1CO 
CM *0 CM »0 i-h CD CO — I - 
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50 

54 

272 

552 

887 

2,158 

2,731 




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co" 

1M 


230 
399 
973 
1,850 
2,325 
4,695 
4,426 


I CO 
ICO 
I 00 


O 

CO 

■* 

CO 


231 
403 
1,104 
1,909 
2,407 
5,019 
4,686 


100 
'00 

' CN 


00 

to 

CO 


6,695 
7,119 
17, 459 
24, 788 
32, 860 
57, 145 
33, 457 


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00 
00 
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OS 
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104 
296 
86 
125 
1,070 
859 
565 


■ »o 

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»o 
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6,521 
6,725 
16, 990 
23.919 
31, 277 
55, 023 
32, 023 


i to 
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554 
1,452 
4,592 
8,300 
13, 902 
35, 954 
29, 523 


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2,850 
3,696 
8,857 
10, 663 
16, 225 
27, 888 
35, 070 


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100 
1 CO 
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IN 

CO 
CO 


145 
183 
1,158 
2,559 
4,370 
15, 388 
12, 156 


ICO 

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KM 

i ^ 

ICO 


CO 
CM 

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139 

233 
931 
1,185 
1,469 
2, 614 
5,673 


i to 
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ICO 

1 t>r 


o 
to 

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1,160 
1.174 
2,795 
2,749 
3,235 
4,232 
1,060 


! oo 
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to 

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CO 


5,025 
7,040 
18, 903 
26, 592 
40, 437 
87, 995 
87, 794 


■ to 

IN 

■ 00 

me 


CO 

•o 
to 

IO 

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1,697 
3,001 
7,648 
11,377 
18, 504 
41, 227 
40, 249 


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o 

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to 

CO 


1,062 
1,318 
3,494 
4,619 
6,631 
12, 909 
8,583 


' C-J 
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r- 
co 

IO 

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1,728 
2,021 
5,022 
6,067 
8,782 
16, 093 
16, 904 


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IN ,-i -H e 


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50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10.000-50.000 9 


> 3 

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"c3 
o 
Eh 



STATISTICS OF INCOME 



183 



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COOOCN»OCOOlCO 

cococdco*o-*s""toToT 



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CNCNiOiO*OCOCO — t 



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en oo «o co o en od oo 



iO W >0 iO Ol CN M - 1 

cO'-'C^cco^h-as 

cnooiocn^oooj 

oou^ccoo'^'ococn 

CNCOOOCnOiCnTriCO 



H^tCOOlNCON't 

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COOOCOOCCCOCOCO 
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H05«ONC0OO 
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184 



STATISTICS OF INCOME 



5; CO 

S ° 

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w a. 

co © 

CO co 

CO 



<» CO 

CO 5 



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s 
e 


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ft, 


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Cash 
divi- 
dends 
paid 


Statu- 
tory net 

income 
or deficit 






S n S2s3 
g'Sofeo 
ri Si- n.2 



C a) 



<3 i>a to« 

g y cu *-> CO 

0.3-0 CB« 

E"oV 2 =5 ° 

r 5 ^ s ft « 



c® n o m 
ot3 rag S 



t: a o m 






o«5S-2 



?■ ■ co ,-, o w 

n«> n~ cj 



137 
178 
1,114 
1,051 
2,129 
5,850 
4,208 


iOO 

■ cs 


CO 

■«p" 

CN 


818 
1,171 

3,638 
2,976 
4,523 
8,187 
6,693 


i CN 
ICO 

1 CO 
I CN 


CO 
CO 

IO 


819 
1,185 
3,762 
3,271 
4,687 
9,078 
7, 306 


loo 

IcN 


IO 
CN 

OS 

CO 
IO 


26, 022 
29, 885 
66, 349 
51,607 
55, 142 
103, 206 
41, 705 


1 o 
i t~r 

i CO 


CN 

•*P 

IO 


832 
238 

1,111 
142 
497 

3,194 
850 


IN 


OS 
CO 
OS 

CD 


24, 962 

29, 338 
64, 399 
50, 368 
53, 628 
96, 577 
38, 390 


ICO 

1 o 

. CO 


I- 

-cP 

00 


514 
3, 416 
13, 688 
15, 595 
21, 805 
51, 450 
22, 994 


I 'O 
ICN 


CO 
CO 
CO 

lO 
CN 


6,724 

8,898 
20, 668 
20, 651 
27, 268 
50, 570 
30, 794 


c CO 
1 CN 


o 
o 
l^ 

CO 


477 

939 

3,780 

3, 527 
7, 573 
17, 775 
4,086 


r as 

1 CO 




357 
687 
1,888 
1,718 
3,663 
7,263 
2,440 


ICO 

i t^r 


CO 

»o 

CN 


2,971 
3,702 
6,920 
5,902 
5,132 
9, 514 
3,550 


ICO 

I -*H 

100 


CO 

oT 


12,008 
19, 369 
49, 252 
50, 135 
68, 055 
143, 967 
67, 433 


IO0 

I c 

1 OS 
ICN 


C3S 
Cs 
CN 

00 

o 


2,663 
5,093 
13, 945 
12, 945 
18, 888 
43, 609 
15, 697 


1 CD 

IfS 

1 IO 

lO 


1- 

lO 

o 
oc 

CN 


3, 059 
4,289 
11,816 

11, 657 
14, 486 
26, 936 

12, 695 


i cn 

I CO 
ICO 

1 o 


OS 

o 

CN 

CO 


4,768 
6, 774 
15, 638 
15, 227 
18, 179 
37, 250 
17,570 


ICO 
t CO 
ICN 

lO 
1 CO 


IO 
CO 
IO 


CONOO~"i3JS 

■O CI CO rt H "° 




IO 

IO 


Under 50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10.000-50,000 6 


S ft 

s § 

C i-> 

a e » 

a co 

=>% 

5 CO 


o 



ooooaON 

CO I 00 IO — i OS -H 
rtCN rt ^-1 r-CO 


CJ 

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to 

CN 


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co- 


O — ■ CO cc ro co 

CO IO ~-< T*l CM -CM 
00 CN CN ^H 00 <«< 

00 ^"l-^iO co'io" 


3 
03 

CN 


OS 
CO 

00 

-' 


co 

CO 

OS 

o 

00 


7 8, 786 
7 4, 182 
7 7, 099 
' 5, 065 
7 6, 625 
7 14, 844 


CN 

OO 

CN 


00 


CN 

r- 


53, 558 
30, 846 
50, 739 
46, 944 
44, 631 
123, 869 


CN 

O 

OS 


— 

IO 

CO 
CN 


iO 
CN 

I— 


1,628 
307 
278 
467 
508 

1,577 


OS 
CN 


IO 


CI 

CO 
IO- 


51,213 
29, 889 
49, 228 
45,317 
42, 830 
118, 070 


CI 
00 
CN 

OS 


- 
- 

CO 

— ' 

CN 


CS 
CN 

>o 

CN~ 


7-22, 055 

7 12, 258 

7 6, 008 

8,614 

7,007 

20, 955 


c 

IO 


— 
OS 

>-~ 

CO 


TP 

OS 
IO 


39, 032 
29, 143 
50, 469 
41, 500 
46, 561 
139, 087 


CO 

o 

OS 


— 

00 
00 

cn" 

00 


-p 
r^ 

IO 
CN 

■o 


3,765 
3,273 
9, 106 
9,779 
12,446 
34, 753 


CO 

IO- 
TP 


?l 
o 

CN 

CO 


DO 
00 

o 

IO 
CN 


2,214 
2,772 
5,299 
5, 553 
7,541 
14, 910 


1 - 

OS 
00 

CN 


a 

s 

CO 

oT 
>o 


CD 
00 

of 

CN 


16, 363 
12,468 
20, 158 
13,110 
15, 922 
27, 009 


o 

ccT 

CN 


OS 


CN 

CO 

o 

io- 
co 


45, 070 
39, 326 
84,314 
84, 393 
98, 714 
265, 015 


I - 
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27,314 
29,512 
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10, 432 
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18, 002 
17, 783 
18, 404 
38, 799 


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12, 193 
9,130 
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16, 258 
18, 079 
47, 115 


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CN 
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2,811 
552 
533 
241 
142 
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183 
1,292 

612 
1,088 
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82, 677 
124, 577 
70, 280 
58. 122 
82, 772 
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■* 

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55, 920 
32, 922 
62, 040 
30, 914 
27, 934 
42, 670 
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100 

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110,784 
47, 029 
57, 051 
35, 620 
26, 879 
31,026 
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14, 745 
23, 377 
29, 640 
55, 966 
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99, 239 

56, 075 
82, 676 
55, 984 
46, 483 
79, 0S7 
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4,074 
3,074 
5,819 
8,706 
9,695 
22, 909 
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9,899 
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11, 194 
26, 630 
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55, 354 
29,516 
53, 703 
31,616 
24, 802 
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137, 58* 
105, 775 
190, 917 
153,814 
144,951 
286, 634 
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43, 376 
39, 267 
62, 961 
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42, 287 
85, 758 
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16, 122 
9,693 

14,173 
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10, 586 

18, 845 
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54, 160 
34, 538 
59, 716 
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8, 854 

1,503 

1,236 

446 

211 

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50-100 

100-250 

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188 



STATISTICS OF INCOME 



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STATISTICS OF INCOME 



189 



OS ^ ^ CO 1 ' i 1 ' t- 

rj* CO I 1 1 I 100 


o 

CO 


CO rt eMOO I ' ■ ' '—< 
OrtCOiQ 1 I ' 1 KM 


CO 
CM 


CNCOOC IM 00 

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00 


00 CO O CO < 1 ' I ' o 

O (N "O "* "* 

cOrtCOrt > i I | ]CM 


00 
CO 


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CO 

co 






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<N t~-(N"0 I 1 I I ' >-; 
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■■ of I 1 I I • 


CO 


1,048 

687 

1,753 

3,484 

4,337 


o 

CO 




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CO 


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CO 
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o 

00 

o 


1,166 

928 

2,905 

1,773 

6,174 


CO 
CO 
CO 

CM- 


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00 


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00 

cm 


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cm 


Under 50 

50-100. 

100-250 

250-500 

500-1,000 9 

1,000-5,000 9.. 

5,000-10,000 

10,000-50,000 
50,000 and over... 
Classes grouped . . 


"a 
o 



3 

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D 

Z 

M 

w 
to 

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to 

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to 

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W 

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to 

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tt< CN tJ< Tf< OS 1 t I I Oi 
i-h COCO »-t CO t < i t »o 


CM 

CO 


'1,338 
'737 
'809 
'343 
'156 

'215 


00 
CO 
lO 

CO 


' 1, 329 

'722 

'776 

'310 

'82 

9 


CM 

co- 


1,158 
473 

1,997 
786 
353 

381 


co 
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CO^CO-Hh- 1 I I ' CO 
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COrt t>.CO ,-H I I I • 


o 

CO 

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CO »C rt COCO ' I I ' -H 
COCOCOOOrt ' I ' 'O 

r» rt co oo ■* ' ■ ' "-> 

rt CO CO of 1 1 1 l*~ 


CO 
00 

CO 
CM 


10,410 
6,905 

13, 128 
8,818 
6,205 

21, 327 


CO 
CO 

t>- 

>o 

CO 


1,051 
317 

2,055 
750 

2,743 

5,636 


CM 

>o 
■o 

CM 


t^ CO lO CO *C i ' ' ' 00 
ONflOCO I i i lO 
CO Tj* oo *o OO ' ' ' ' OO 


OO 
CM 


3,722 
1,043 
5,417 
760 
3,585 

5,882 


CO 

o 

rt 

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CM 


6,061 
5,078 

13, 227 
9,542 

14, 256 

33, 978 


rt 

00 


1,202 
1,207 
3,908 
2,075 
3,607 

3,539 


CO 


00NONN I . 1 li-C 
rtCOl»C»CM 1 1 1 '■* 
rt CNCO I . • I 


CO 


1,934 
1,849 
3,333 
2,516 
3,837 

4,689 


00 
00 


CMOCOOOOOOrt 1 1 I 
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■* «. ' ' ' 


•o 
>o 

CO 


Under 50 

50-100 

100-250 

250-500 

500-1,000 - 

1,000-5,000 9.. 

6,000-10,000 9 

10,000-50,000 

60,000 and over... 
Classes grouped . . 


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Eh 



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190 



STATISTICS OF INCOME 



Table 18.' — Corporation returns for 1924 to 1933 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 cor- 
porations 1 

[Money figures in thousands of dollars] 

[For text defining certain items and describing returns included see pp. 1-5] 



Year 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income : 



Net 
income 



Tax 



Returns showing no net income 2 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data- 
Inactive 
corpora- 
tions a 



AGRICULTURE AND RELATED INDUSTRIES 



1924 


9,758 
9,904 
10, 688 
9,905 


4,530 
4,662 
4,698 
4,445 


566, 072 
572, 215 
615, 141 
633, 782 


64, 230 
76, 862 
70, 812 

78, 577 


6,733 
8,604 
8,175 
9,054 


5,228 
5,242 
5,990 
4,460 


243, 661 
221, 340 
249, 342 
188, 645 


62, 498 
59, 215 
55, 665 
61, 893 




1925 




1926 




1927 


1,000 


1928 


10, 265 


4,504 


636, 641 


80, 476 


8,217 


4,679 


188, 503 


50, 092 


1,082 


1929 


10, 615 


4,407 


636, 227 


72, 801 


6,783 


5,023 


246, 280 


53,543 


1,185 


1930 


10, 961 


3,475 


363,718 


40, 484 


4,041 


6,431 


307, 122 


86, 370 


1,055 


1931 


11,014 


2,546 


215, 096 


14, 002 


1,201 


7,354 


276, 868 


98, 778 


1,114 


1932 


10, 977 


1,153 


133, 034 


5,979 


675 


8,615 


235, 120 


94, 962 


1,209 


1933 


10, 490 


1,443 


178, 040 


14, 894 


* 2, 156 


7,818 


217, 090 


60, 212 


1,229 



MINING AND QUARRYING 



1924 


18, 453 


4,893 


2, 589, 850 


240, 142 


28, 389 


13, 560 


2, 258, 698 


307, 091 




1925 


19, 163 
19, 252 
18, 519 


5,488 
6,006 
5,232 


3, 711, 407 
3, 207, 942 
2, 259, 850 


453, 600 
455, 798 
276, 309 


55, 049 
57, 308 
34, 898 


13, 675 
13, 246 
7,804 


1, 213, 439 
1, 339, 759 
1, 576, 986 


209, 957 
183, 474 
246, 924 




1926 




1927 


5,483 


1928 


18, 793 


5,183 


2, 501, 468 


332, 679 


36, 751 


7,750 


1, 087, 745 


207, 416 


5,860 


1929 


18, 261 


5,211 


3, 031, 405 


430, 527 


44, 319 


7,291 


1, 016, 184 


198, 440 


5,759 


1930 


17, 635 


4,700 


1, 611, 228 


194, 118 


21, 474 


7,533 


1, 388, 238 


238, 459 


5,402 


1931 


17, 580 


3,832 


732, 720 


71, 154 


7,211 


8,291 


1, 496, 571 


325, 963 


5,457 


1932 


17, 218 


2,868 


537, 578 


62, 675 


7,445 


9,178 


1, 127, 297 


287,042 


5,172 


1933 


17, 068 


2,982 


555, 679 


71, 686 


* 10, 201 


8,866 


1, 402, 596 


248, 127 


5,220 



MANUFACTURING-TOTAL 



1924 


86, 803 


1925 


88, 674 


1926 


93,244 


1927 


93, 415 


1928 


95, 777 


1929 


96, 525 


1930 


95, 098 


1931 


93, 109 


1932 


91, 849 


1933 


93, 831 



51,342 
54, 137 
55, 094 
53, 620 
55, 007 
55, 488 
40, 641 
30, 270 
14, 985 
26, 354 



45, 320, 016 
52, 924, 994 
52, 921, 594 
50, 134, 091 
57, 458, 959 
59, 879, 759 
38, 804, 235 
20, 974, 409 
12, 696, 792 
22, 289, 285 



3, 595, 675 
4, 383, 357 
4, 494, 790 
3, 938, 647 
4, 744, 261 
5,216,016 
2, 757, 508 
1,464,619 
757, 501 
1, 460, 632 



429,653 


35, 461 


546, 741 


34, 537 


584, 507 


38, 150 


507, 735 


36, 196 


544, 937 


36, 566 


544, 053 


36, 742 


316, 992 


50, 863 


165,311 


58, 815 


99, 949 


72, 931 


* 207, 362 


62, 295 



8, 591, 149 
7, 904, 78S 
9, 573, 203 
13, 588, 788 
9, 813, 970 
12, 252, 285 
19, 846, 043 
23, 058, 882 
19, 279, 691 
12, 861, 490 



832, 203 
682, 255 
786, 687 
851, 053 

833, 735 
810, 244 

1, 639, 844 
2, 287, 589 
2, 563, 855 
1, 256, 586 



3,599 
4,204 
4,295 
3,594 
4,024 
3,933 
5,182 



MANUFACTURING— FOOD AND KINDRED PRODUCTS « 



1924.. 
1925 « 
1926.. 
1927. . 
1928. . 
1929. . 
1930.. 
1931.. 
1932.. 
1933.. 



13, 924 


8,841 


14, 722 


9,303 


15, 008 


8,950 


15, 079 


8,971 


14, 965 


8,844 


15, 124 


9,045 


14, 847 


7,897 


14, 632 


6,466 


14, 968 


3,629 


12, 859 


4,247 



9, 742, 291 
11,476,443 
10, 553, 213 

8, 524, 432 
11,551,431 

9, 641, 960 
7, 637, 397 
5, 365, 954 

4, 430, 704 

5, 536, 520 



443, 370 
533, 472 
475, 074 
461, 046 
518, 092 
540, 186 
436, 451 
326, 910 
199, 387 
264, 606 



51, 822 


5,083 


66, 587 


5,419 


61, 429 


6,058 


59,049 


5,461 


58, 391 


5,405 


56, 309 


5,380 


49, 869 


6,328 


36, 823 


7,524 


25, 201 


10, 653 


< 37, 537 


7,934 



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 
1, 748, 880 



91, 897 
91,512 
93, 052 
105, 716 
77, 818 
87, 721 
128, 498 
203, 478 
207, 211 
86,428 



647 
716 
699 
622 
642 
686 
678 



MANUFACTURING— LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)* 



1933. 



2,969 



484, 487 



73, 363 



* 10, 596 



107, 420 



14, 175 



423 



For footnotes, see p. 194. 



STATISTICS OF INCOME 



191 



Table 18.- — Corporation returns for 1924 to 1983 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 cor- 
porations l — Continued 

[Money figures in thousands of dollars] 



Year 



Total 
num- 
ber of 
returns 



Keturns showing net income 



Num- 
ber 



Gross 
income : 



Net 
income 



Tax 



Returns showing no net income 2 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data — 
Inactive 
corpora- 
tions 2 



MANUFACTURING— TOBACCO PRODUCTS 



1924.. 
1925 '. 
1926.. 
1927- 
1928.. 
1929... 
1930.. 
1931... 
1932... 
1933... 



518 



239 1, 002, 841 



11, 554 


279 


15, 718 


208 


16, 745 


169 


14, 548 


181 


14, 554 


177 


17, 216 


197 


17, 066 


211 


19,061 


256 


* 9, 007 


261 



57, 260 



3,819 



497 
445 
439 
437 
405 
379 
382 
405 



289 
261 
238 
243 
195 
155 
114 
122 



1, 124, 966 
1, 177, 777 
1, 180, 870 
1, 220, 530 
1, 094, 278 
1, 086, 321 
978, 533 
837, 949 



117, 366 
124, 775 
121, 678 
132, 682 
143, 788 
142, 494 
138, 399 
65, 224 



35, 051 
23, 525 
19, 122 
50, 436 
76, 799 
97, 515 
61, 188 
105, 158 



2,257 
2,475 
2,147 
4,942 
6,655 
5,606 
5,151 
14, 893 



MANUFACTURING— TEXTILES AND THEIR PRODUCTS 



1924. 
1925. 
1926 
1927. 
1928. 
1929. 
1930 
1931 
1932 
1933 



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 


15, 351 


5,664 



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 
3, 183, 894 



316, 929 
413, 115 
314, 649 
417, 484 
351,850 
323, 974 
105, 610 
77, 830 
41, 052 
203, 733 



37, 

48, 

39, 

50, 

39, 

33, 

11, 

7, 

5, 

4 28, 



651 


5,393 


815 


4,767 


829 


5,728 


341 


5,343 


355 


6,098 


197 


6,236 


122 


8,753 


351 


9,503 


047 


11,872 


774 


9,310 



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 
1, 468, 280 



188, 104 
114, 772 
195, 164 
120, 816 
155, 729 
163, 069 
369, 690 
342, 537 
332, 249 
96, 838 



268 
334 
289 
261 
277 
298 
377 



MANUFACTURING— LEATHER AND ITS MANUFACTURES 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



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 


2,407 


973 



1, 046, 931 

1, 175, 340 

1, 234, 232 

1, 415, 200 

1, 325, 306 

1, 258, 771 

733, 941 

545, 388 

371, 438 

727, 024 



70, 319 
76, 023 
73, 859 
99, 072 
77, 425 
76, 803 
38, 691 
30, 091 
18, 687 



8,037 


1,087 


9,169 


986 


9,358 


1,078 


12, 229 


903 


8,892 


1,015 


8,109 


1,084 


4,389 


1,515 


3,340 


1,487 


2,404 


1,816 


• 6, 749 


1,365 



460, 523 
339, 191 
427, 012 
316,039 
396, 514 
482, 402 
655, 143 
564, 469 
469, 593 
261, 236 



31, 876 
28, 895 
27, 436 
21, 703 
28, 038 
36, 368 
64, 124 
64, 737 
61, 797 
20, 761 



MANUFACTURING— RUBBER PRODUCTS 



1924 
1925 
1926. 
1927. 
1928 
1929. 
1930 
1931. 
1932 
1933 



638 


325 


638 


349 


680 


339 


655 


335 


723 


349 


638 


311 


607 


227 


552 


174 


544 


96 


572 


215 



937, 870 

1, 373, 495 

1, 147,455 

1, 039, 525 

932, 048 

916, 242 

559, 565 

401,314 

127, 581 

300, 313 



56, 900 
122, 966 
37, 501 
70, 253 
44, 645 
56, 324 
12, 242 
14, 004 
2,779 
13, 339 



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 


« 1, 919 


330 



184, 380 
95, 862 
452, 909 
407, 272 
454, 122 
510, 967 
540, 748 
415,317 
507, 935 
418, 134 



15, 345 
13, 941 
24, 764 
19, 356 
45, 987 
39, 191 
63, 876 
38, 154 
41,517 
10, 000 



MANUFACTURING— FOREST PRODUCTS 



1924. 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



7,663 


4,750 


7,633 


4,657 


7,862 


4,591 


7,816 


4,178 


7,947 


4,290 


7,869 


4,195 


7,501 


2,340 


6,954 


1,525 


6,707 


541 


6,879 


1,638 



2, 207, 210 

2, 380, 463 

2, 330, 766 

1, 929, 814 

2, 052, 903 

1, 978, 584 

723, 630 

332, 942 

95, 829 

407, 146 



178, 869 

200, 316 

172, 972 

125, 408 

142, 197 

135,612 

35, 825 

14, 966 

5,271 

22, 745 



21, 090 


2,913 


24, 667 


2,976 


21, 907 


3,271 


15,612 


3,353 


15, 210 


3,367 


13. 437 


3,294 


3,591 


4,868 


1,379 


5,150 


666 


5,929 


* 3, 273 


4,882 



627, 593 
587, 054 
738, 045 
874, 474 
789, 281 
816, 194 
1, 263, 948 
1, 014, 898 
758, 131 
586, 815 



57, 754 
53, 116 
69, 196 
94, 295 
71, 493 
68, 499 
152, 460 
199, 138 
212, 389 
682, 150 



285 
290 
380 
293 
279 
237 
359 



For footnoes, see p. 194. 



192 



STATISTICS OF INCOME 



Table 18. — Corporation returns for 1924 to 1933 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 cor- 
porations 1 — Continued 









[Money figures in 


housands 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 ' 


Deficit 


showing 
no income 
data- 
Inactive 
corpora- 
tions * 



MANUFACTURING— PAPER, PULP, AND PRODUCTS 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



1,886 


1,204 


1,940 


1,288 


2,024 


1,365 


2,083 


1,386 


2,093 


1,345 


2,145 


1,406 


2,113 


1,114 


2,086 


832 


2,097 


473 


2,164 


993 



1,163,209 

1,260,563 

1, 430, 426 

1, 401, 780 

1, 374, 722 

1, 546, 672 

1,011,630 

632, 927 

291, 719 

709, 716 



92, 674 

111,186 

120, 460 

123, 988 

118,590 

124, 347 

73, 641 

37, 472 

16, 600 

52, 356 



10, 675 


682 


14, 004 


652 


15,610 


659 


16, 063 


642 


13, 768 


678 


13, 222 


673 


8,475 


953 


4,239 


1,200 


2,237 


1,582 


« 7, 419 


1,106 



200, 908 
230, 547 
221,834 
267, 600 
352, 796 
249, 444 
567, 158 
639, 142 
717, 678 
453, 368 



18, 361 
12, 137 
14, 362 
13,614 
14, 959 
19, 893 
36, 379 
53, 776 
81, 073 
36, 090 



MANUFACTURING-PRINTING, PUBLISHING, AND ALLIED INDUSTRIES 



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 


1933 


12, 077 


2,713 



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 
977, 340 



175,972 
190, 909 
203, 507 
198, 476 
243, 650 
270, 829 
176, 137 
115,795 
58,804 
71, 079 



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 


«9,977 


8,886 



287, 667 
293, 786 
351, 190 
380, 417 
350, 275 
402, 692 
607, 967 
1,000,179 
900, 273 
673, 352 



28, 455 
29, 505 
31,006 
34, 788 
34, 104 
47, 749 
54,512 
77, 802 
96, 170 
57, 917 



316 
354 
399 
367 
419 
435 
478 



MANUFACTURING— CHEMICALS AND ALLIED PRODUCTS 



1924. 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



6,601 


3,640 


6,962 


3,951 


7,286 


4,076 


7,229 


3,960 


7,501 


4,231 


7,505 


4,073 


7,380 


3,287 


7,265 


2,779 


7,443 


1,741 


7,678 


2,458 




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 


* 38, 776 


4,696 



733, 144 

590, 301 

768, 153 

1, 969, 078 

778, 526 

737, 016 

2,351,166 

3, 952, 977 

3, 696, 099 

2, 191, 132 



76, 309 
82, 352 
69, 279 
110,369 
59, 789 
56, 976 
175, 459 
318, 864 
223, 266 
189, 213 



377 
450 
434 
366 
421 
387 
524 



MANUFACTURING— STONE, CLAY, AND GLASS PRODUCTS 



1924. 
1925 
1926 
1927. 
1928 
1929 
1930 
1931 
1932 
1933 



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 


4,112 


642 




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 


M.912 


3,186 



166, 464 
156, 780 
164, 876 
243, 350 
259,911 
265, 730 
382, 407 
558, 054 
485, 794 
290, 009 



17,944 
17, 846 
22,112 
28, 356 
32,518 
33, 439 
53, 374 
79, 171 
110,098 
55, 635 



219 
243 
255 
206 
193 
159 
284 



For footnotes, see p. 194. 



STATISTICS OF INCOME 



193 



Table 18. — Corporation returns for 1924 to 1983 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 cor- 
porations ' — Continued 

[Money figures in thousands of dollars] 



Year 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income 3 



Net 
income 



Tax 



Returns showing no net income 2 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data- 
Inactive 
corpora- 
tions > 



MANUFACTURING— METAL AND ITS PRODUCTS 



1924 


20, 170 
21, 529 
20, 054 
20, 379 


11,227 
12, 760 
11,989 
11,412 


13, 947, 991 
17, 335, 348 
16, 661, 793 
16, 256, 966 


1, 340, 597 
1, 756, 753 
1, 803, 444 
1, 501, 274 


162, 979 
221, 973 
237, 077 
198, 066 


8,943 
8,769 
8,065 
8,227 


1,991,002 
1, 774, 904 
1, 792, 082 
2, 928, 373 


244, 779 
201, 445 
192, 574 
241, 305 




1925 




1926 




1927 


740 


1928 


20, 695 


12, 252 


18, 847, 896 


1, 910, 004 


221, 838 


7,479 


2, 326, 047 


254, 975 


964 


1929 


21, 047 


12, 864 


22, 125, 989 


2, 291, 767 


236, 494 


7,292 


1, 966, 590 


170, 113 


891 


1930 


20, 831 


8,188 


12, 790, 300 


1, 003, 020 


116, 149 


11,904 


4, 407, 595 


400, 375 


739 


1931 


19, 700 


4,744 


4, 652, 191 


355, 221 


40, 624 


14, 174 


6, 861, 806 


760, 951 


782 


1932 


18, 877 


1,917 


1,031,353 


71, 098 


9,558 


16, 191 


5, 475, 380 


1, 054, 566 


769 


1933 


19, 080 


4,291 


4, 059, 694 


287, 192 


* 40, 942 


13, 849 


4, 077, 533 


494, 126 


940 



MANUFACTURING— MANUFACTURING NOT ELSEWHERE CLASSIFIED 



1924 


6,772 
6,246 
8,755 
8,106 


3,926 
3,676 
4,681 
4,108 


2, 176, 944 
2, 006, 742 
2, 066, 035 
1, 761, 042 


197, 975 
173, 792 
195, 637 

163, 752 


23, 580 
21, 494 
24,349 
20, 326 


2,846 
2,570 
4,074 
3,417 


491, 002 
304, 215 
460, 600 
467, 835 


57, 561 
36, 733 
45, 484 
58, 260 




1925 




1926 




1927 


581 


1928 


8,487 


4,274 


1, 993, 751 


195, 999 


21, 702 


3,556 


455, 592 


56, 179 


657 


1929 


8,269 


3,995 


1, 880, 411 


188, 335 


19, 267 


3,477 


585, 157 


82, 284 


797 


1930 


7,801 


2,918 


1, 152, 164 


105, 216 


11, 756 


4,280 


841, 663 


134, 443 


603 


1931 


8,352 


2,206 


685, 136 


56, 661 


6,201 


5,272 


796, 917 


143, 375 


874 


1932 


7,495 


960 


323, 322 


24, 377 


3,273 


5,696 


676, 232 


138, 367 


839 


1933 


7,278 


1,500 


541, 968 


51, 736 


* 7, 482 


4,842 


480, 173 


85, 175 


936 



CONSTRUCTION 



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 


1933 


18,235 


2,140 



1, 784, 
1,914, 

2, 287, 
2, 413, 
2, 317, 
2, 291, 
2, 174, 
1,213, 

468, 
374, 



132, 
156, 
162, 
171, 
170, 
178, 
150, 
80, 
30, 
23, 



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 


* 3, 440 


14, 112 



425, 625 
391, 555 
528, 548 
642, 410 
661, 089 
790, 254 
867, 972 
, 022, 318 
969, 246 
704, 115 



42, 011 
43, 346 
53, 621 
59, 417 
71, 369 
70, 066 
82, 488 
111,048 
141, 060 
91, 445 



TRANSPORTATION AND OTHER PUBLIC UTILITIES 



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 


1933 


24, 302 


7,429 



9, 099, 040 
10, 952, 508 

13, 518, 653 
12, 844, 090 

14, 263, 775 

15, 584, 026 
12, 935, 569 

6, 800, 951 
4, 851, 474 
4, 782, 688 



1, 232, 012 
1, 468, 693 
1, 723, 399 

1, 588, 880 
1, 813, 088 

2, 092, 654 
1, 334, 229 

902, 635 
708. 168 
657, 272 



148, 278 


7,866 


186, 314 


8,751 


228, 663 


9,656 


210, 878 


6,982 


211,681 


7,422 


222, 483 


7,994 


156, 573 


9,522 


105, 585 


10, 622 


98, 118 


14, 981 


* 92, 581 


14, 349 



076, 769 
928, 339 
245, 631 
295, 882 
538, 135 
500, 004 
060, 013 
584, 845 
387, 532 
826, 561 



137, 753 
134, 745 
120, 174 
197, 472 
173, 170 
190, 692 
333, 528 
605, 249 
839, 051 
743, 116 



1,257 
1,474 
1,^9 
1,490 
1,674 
1,727 
1,983 



2,075 
2,358 
2,343 
2,031 
2,160 
2,357 
2,524 



For footnotes, see p. 194. 



194 



STATISTICS OF INCOME 



Table 18. — Corporation returns for 1924 to 1938 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 cor- 
porations l — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 


Returns showing net income 


Returns showing no net income 2 


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 



TRADE 



1924 


105, 323 


68, 112 


1925 


109, 588 


71,910 


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 


1933 


137, 858 


39, 275 



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 
14, 976, 095 



1, 098, 586 

1, 254, 046 

1, 165, 558 

1, 156, 870 

1, 246, 862 

1, 149, 235 

651, 097 

460, 035 

234, 674 

435, 820 



120, 649 


37,211 


145, 350 


37, 678 


140, 523 


41, 302 


137, 352 


44, 931 


126, 332 


46, 602 


107, 149 


50, 483 


64, 166 


71, 746 


45, 708 


86, 799 


30, 644 


111,363 


< 62, 189 


93, 621 



296,517 
287, 506 
330, 998 
362, 339 
355,514 
419, 398 
738, 695 
1, 025, 431 
1, 039, 924 
476, 1S4 



2,682 
3,419 
3,571 
3,282 
3,672 
3,663 
4,962 



SERVICE— PROFESSIONAL, AMUSEMENTS, HOTELS, ETC. 



1924 


26, 320 


15, 495 


1925 


28,981 


16, 571 


1926 


32, 257 


17, 755 


1927 


34, 193 


18, 287 


1928 


36, 829 


19, 008 


1929 


39, 642 


20, 230 


1930 


42, 064 


18, 741 


1931 


42, 406 


15, 637 


1932 


47, 568 


7,140 


1933 


47, 843 


7,566 



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 



202, 165 
246, 426 
260, 981 
244, 464 
254, 186 
314, 426 
234, 227 
117, 925 
64, 392 
60, 982 



22, 131 


10, 825 


28, 467 


12, 410 


31, 040 


14, 502 


28, 626 


12, 859 


25, 501 


14, 518 


29, 632 


15, 737 


23, 705 


19, 472 


11,081 


22, 588 


8 8, 396 


38, 142 


* 8, 717 


35,419 



582, 

556, 

732, 

906, 

1, 043, 

1, 140, 

1, 407, 

1, 980, 

2, 181, 

1, 952, 



66, 650 
72, 226 
103, 772 
117, 065 
126, 709 
154, 215 
179, 230 
241, 288 
480, 481 
378, 023 



3,047 
3,303 
3,675 
3,851 
4,181 
4,286 
4,858 



FINANCE— BANKING, INSURANCE, REAL ESTATE, STOCK AND BOND BROKERS, ETC. 



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 


1933 


142, 942 


22, 369 



6, 766, 188 

8, 503, 186 

9, 356, 744 
10, 797, 010 
12. 556, 460 
10,872,951 

7, 519, 508 
4, 293, 852 
2, 778, 019 
2, 725, 266 



995, 124 

1, 523, 823 

1, 336, 893 

1, 522, 834 

1,971,343 

2, 197, 539 

1, 064, 816 

570, 502 

287, 992 

260, 569 



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 


* 36, 352 


99, 314 



2, 305, 943 
2, 013, 582 
2, 942, 936 
2, 407, 046 
8 2, 677, 838 

4, 786, 459 

5, 777, 697 

6, 535, 974 
5, 378, 896 
4, 695, 482 



460, 597 
56, 219 
528, 032 
566, 177 
566, 199 
1, 008, 827 

1, 566, 677 

2, 256, 843 
2,335,500 
2, 273, 806 



14, 743 
16, 294 
16, 651 
16, 603 
18, 357 
18, 685 
21,259 



NATURE OF BUSINESS NOT GIVEN 



1924. 
1925. 
1926. 
1927. 
1928 
1929 
1930 
1931 
1932 
1933 



26, 439 
13, 544 
14,871 
18, 693 
16, 597 
17,247 
21, 330 
19, 334 
18, 158 
11,511 



840 


27, 393 


1,492 


48, 540 


960 


26,411 


1,152 


21, 886 


1,040 


15, 197 


1,045 


12, 494 


339 


2,719 


228 


1,899 



2,604 
4,143 
3,940 
2,312 
1,786 
1,796 
1,041 
479 



220 
348 
309 
94 
88 
105 
135 
<69 



26, 439 

13, 544 

14, 031 
1,731 
1,350 
1,748 
1,898 
2,228 
2,099 
1,262 



327 



17, 572 
37, 336 
21, 639 
25, 715 
17, 773 
24, 354 
12, 403 
7,643 



73 

1,956 
6,287 
9,398 
6,920 
8,703 
12, 303 
18, 724 
14, 813 
5,838 



15, 470 
14,287 

14, 347 
18, 392 
16, 061 

15, 720 
10, 022 



i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
corporations are summarized on pp. 218-221. 

2 Prior to 1927, returns for inactive corporations showing no income data were included with returns 
showing no net income. 

a Gross income corresponds to total income as reported on face of return, plus the cost of goods sold. 

* Includes excess-profits tax (effective June 30, 1933, under provisions of the National Industrial 
Recovery Act). 

« Liquors and beverages included in "Food and kindred products," 1924-32. 

« Includes "Tobacco products." 

7 Not available. 

8 Revised figures. 



STATISTICS OF INCOME 



195 



Table 19. — Corporation returns for 1921+ to 1933, by States and Territories, 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 l 

[Money figures in thousands of dollars] 

[For text defining certain items and describing returns, included, see pp. 1-5] 



Year 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income 3 



Net 
income 



Tax 



Returns showing no net income 2 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data- 
Inactive 
corpora- 
tions 2 



ALABAMA 



1924. 
1925- 
1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 



3,838 


2,373 


3,936 


2,569 


4, 133 


2,618 


4,383 


2,697 


4,656 


2,619 


4,473 


2,310 


4,477 


1,772 


4,299 


1,380 


4,065 


607 


3,827 


916 



482, 030 
547, 133 
547, 389 
519,012 
500, 374 
454, 089 
249,927 
134, 244 
50, 683 
175, 190 



35, 539 

42,930 

40, 662 

35, 667 

31, 251 

29, 089 

12, 394 

6,049 

2,200 

8,140 



3,905 


1,465 


4,979 


1,367 


4,861 


1,515 


4,172 


1,313 


3,055 


1,608 


2,643 


1,767 


1,048 


2,261 


412 


2,370 


247 


2,953 


4 1, 189 


2,416 



120, 483 
108, 525 
123, 285 
138, 880 
161,097 
176, 391 
276, 462 
244,801 
232, 078 
160, 538 



9,832 
8,288 
9,950 
9,353 
10, 519 
16, 472 
25, 020 
29, 845 
39, 662 
21, 503 



373 

429 
396 
444 
549 
505 
495 



ALASKA 



1924 


140 


68 


5,633 


541 


53 


72 


1,573 


1,000 




1925 


159 


72 


6,955 
7,283 


572 


60 


87 


1,082 


371 




1926 


156 


73 


674 


66 


83 


1,901 


380 




1927 


174 


94 


7,378 


678 


63 


48 


1,441 


537 


32 


1928 


175 


94 


7,459 


642 


46 


51 


2,189 


407 


30 


1929 


182 


109 


8,618 


837 


46 


46 


1,857 


252 


27 


1930 


170 


92 


6,284 


503 


35 


55 


2,808 


448 


23 


1931 


181 


71 


4,368 


333 


18 


86 


3,488 


562 


24 


1932. 


165 


42 


2,949 


261 


24 


92 


2,770 


637 


31 


1933 


170 


61 


4,214 


337 


<52 


87 


2,762 


374 


22 



ARIZONA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



1,525 


579 


1,451 


593 


1,505 


619 


1,556 


668 


1,734 


766 


1,953 


822 


1,932 


629 


1,893 


506 


1,773 


217 


1,674 


240 



107, 809 

114,245 

119,900 

129, 187 

126, 210 

161, 623 

69, 571 

48,834 

19. 672 

29, 778 



7,413 


776 


946 


7,679 


814 


858 


8,813 


1,011 


886 


7,780 


865 


403 


9,811 


936 


430 


18, 992 


1,732 


510 


4,756 


421 


725 


2,522 


194 


807 


868 


106 


1,026 


1, 110 


4 155 


934 



27,916 
26, 645 

29, 687 

30, 332 
45, 425 
36. 616 
74, 354 
56, 072 
52, 256 
42, 635 



5,375 
10, 810 
5,154 
6,344 
8,923 
19, 259 
9,771 
14,970 
11,863 
11,751 



485 
538 
621 
578 
580 
530 
500 



ARKANSAS 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



2,554 


1,670 


2,684 


1,823 


2,634 


1,701 


2,660 


1,626 


2,760 


1,707 


2,629 


1,680 


2,624 


1,140 


2,471 


899 


2,306 


499 


2,325 


740 



297, 254 

323, 778 

302, 332 

272, 395 

308, 073 

304, 739 

146, 506 

69, 487 

40, 052 

87, 868 



18, 080 
22, 899 
18, 597 

16, 260 
17, 061 

17, 566 
6,755 
3,946 
1,901 
3,981 



1,864 


884 


2,515 


861 


2,123 


933 


1,811 


884 


1, 573 


889 


1, 451 


795 


571 


1,309 


303 


1,415 


231 


1,679 


<573 


1,460 



64,940 


6,821 


70, 654 


5,549 


91, 264 


10, 397 


113, 687 


12, 107 


107, 435 


9,449 


74, 138 


6,140 


160, 302 


19, 094 


144,318 


15.926 


116, 265 


14, 579 


82, 670 


8,949 



150 
164 
154 
175 
157 
128 
125 



CALIFORNIA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



19. 737 


9,990 


20, 263 


10, 539 


21, 258 


10,901 


22, 162 


11, 098 


22, 754 


11,438 


23. 206 


11,316 


23, 836 


9, 517 


23, 738 


7,465 


24, 109 


4,419 


23, 700 


5,264 



4, 485, 216 

4, 809, 533 
5,217,404 

5, 349, 887 

6, 110. 532 
5, 274, 664 
3, 733, 015 
2, 441, 374 
1. 595, 538 
2, 052, 632 



376, 725 
417, 826 
426, 839 
447, 750 
552, 289 
512,923 
324, 584 
190, 149 
139, 578 
156, 571 



44, 161 


9,747 


50, 534 


9,724 


54, 319 


10, 357 


56, 530 


8,494 


62, 038 


8.747 


52, 960 


9,243 


36, 114 


11, 538 


20,714 


13, 569 


18, 703 


16, 590 


4 21,979 


15, 352 



961, 079 

966, 481 

1, 344, 545 

1, 271, 408 

1, 165, 995 

1, 507, 059 

2, 333, 480 
2, 390, 597 
2, 221, 271 
1, 709, 344 



116,945 
119,912 
138, 640 

146, 149 
145. 859 

147, 570 
253, 757 
395, 716 
385, 853 
269, 010 



2,570 
2,569 
2,647 
2,781 
2,704 
3,100 
3,084 



For footnotes see p. 205. 



196 



STATISTICS OF INCOME 



Table 19. — Corporations return for 1924 to 1933, by States and Territories, 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 x — 
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 3 



COLORADO 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



6,494 


2,891 


6,399 


2.9S3 


6,580 


3,071 


6,863 


3,144 


7,134 


3,342 


7,317 


3,311 


7,257 


2,941 


7,205 


2,359 


6,952 


980 


6,705 


1,098 



707, 
821, 
853, 
745, 
941, 
738, 
446, 
284, 
191, 
296, 



60, 846 
60, 448 
62, 872 
47, 758 
59, 932 
52, 349 
30, 943 
18, 442 
14, 2S3 
25, 825 



7,024 


3,603 


7,077 


3,416 


7,812 


3,509 


5,647 


2,291 


6,109 


2,313 


5,084 


2,474 


3,090 


2,845 


1,786 


3,355 


1,775 


4,564 


« 3, 632 


4,251 



180, 972 
161, 788 
182, 200 
292, 356 
147, 988 
200, 275 
364, 806 
366, 998 
322, 205 
233, 981 



26, 209 
26, 159 
21, 333 
27, 717 
17, 103 
21,166 
28, 737 
40, 802 
42, 849 
33, 471 



1,428 
1,479 
1,532 
1,471 
1,491 
1,408 
1,356 



CONNECTICUT 



1924.,.. 
1925.... 
1926-... 
1927.... 
1928- - 
1929— 
1930.... 

1931 

1932 

1933 



5,782 


3,431 


5,958 


3,720 


6,280 


3,771 


6,685 


3,935 


7,105 


4,302 


7,529 


4,558 


7,955 


3,698 


8,074 


3,155 


8,370 


1,381 


8,521 


1,861 



1, 210, 651 

1, 578, 481 

1, 683, 367 

1, 785, 784 

1, 925, 120 

2,021,940 

1, 329, 177 

851, 783 

462, 884 

663, 841 



103, 181 

125, 093 

124, 029 

136, 992 

177,471 

199,914 

84,911 

58, 810 

35, 344 

50, 968 



11,848 


2,351 


14, 887 


2,238 


15, 646 


2,509 


16, 827 


2,283 


19, 570 


2,326 


20, 782 


2,486 


9,170 


3,742 


6,398 


4,425 


4,752 


6,418 


* 7, 121 


6,101 



457, 407 
388, 403 
372, 503 
333, 327 
365, 863 
378, 205 
763,913 
902, 377 
905, 173 
754, 143 



36, 792 
30, 544 
40, 943 
27, 109 
28, 197 
33, 654 
80, 185 
104, 327 
124, 782 
70, 773 



467 
477 
485 
515 
494 
571 
559 



DELAWARE 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



991 


594 


1,376 


780 


1,483 


811 


1,553 


845 


1,705 


984 


1,951 


1,068 


1,951 


888 


1,966 


674 


2,054 


445 


2,106 


472 



312, 823 

502, 380 

644, 264 

1, 088, 616 

1, 330, 828 

1, 674, 632 

1, 477, 488 

679, 062 

585, 193 

530, 692 



39,541 
60,931 
82, 890 
116, 890 
189, 783 
272, 455 
125, 272 
76, 198 
40, 697 
62, 291 



4,703 


397 


7,605 


596 


10, 815 


672 


15, 548 


485 


22, 067 


471 


29, 423 


583 


14, 548 


811 


8,939 


1,003 


5,573 


1,341 


* 8,811 


1.356 



166, 172 
52, 555 
57, 164 
97, 435 
105, 179 
175, 492 
278, 671 
813, 073 
636, 895 
658, 344 



12, 787 
10,701 
13, 485 
22, 832 
9,440 
34, 178 
45, 823 
93, 408 
100, 758 
79, 425 



223 
250 
300 
252 
259 
268 
278 



DISTRICT OF COLUMBIA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



1,656 


942 


1,753 


1,081 


1,888 


1,077 


1,988 


1,070 


2,220 


1,126 


2,329 


1,196 


2,317 


1,124 


2,343 


1,067 


2,378 


586 


2,445 


653 



440, 400 
498, 652 
596, 909 
548, 825 
555, 365 
567, 465 
472, 483 
283, 554 
174, 424 
216,810 



47, 458 


5,745 


714 


64, 493 


8,119 


672 


65, 987 


8,671 


811 


55, 838 


7,225 


695 


55, 898 


6,423 


822 


52, 909 


5, 460 


872 


30, 330 


3,286 


966 


22, 376 


2,419 


1,081 


14, 949 


2,064 


1,590 


13,914 


* 1,963 


1,554 



54, 627 
51, 489 
68, 254 
90, 086 
102, 795 
88, 083 
121,339 
253, 735 
257, 854 
211, 183 



6,680 
4,511 
7,734 
8,734 
11,527 
10, 237 
15, 135 
25, 135 
52, 598 
29, 876 



223 
272 
260 
227 
195 
202 
238 



FLORIDA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



5,224 


3,094 


8,284 


5, 478 


10, 853 


4,702 


11,010 


3,443 


11,283 


3,368 


11,119 


3,489 


11,309 


3,469 


11,028 


3,064 


9,853 


1,204 


9,263 


1,541 



531,413 
1, 128, 263 
818, 159 
369, 737 
352, 552 
355,211 
323, 672 
229, 590 
125,985 
186,016 



62, 343 
192, 320 
82, 638 
32,218 
27, 064 
28, 114 
20, 922 
12,806 
6,481 
8,471 



7,006 


2,130 


23,516 


2,806 


9,625 


6,151 


3,413 


5,323 


2,276 


5,177 


2,210 


4,778 


1,676 


4,769 


909 


5,073 


784 


6,611 


* 1,210 


5,892 



86, 986 
106, 024 
343, 417 
372, 695 
288, 297 
284, 945 
254,971 
263, 357 
262, 469 
207, 694 



14, 288 
26, 546 
73, 208 
93, 803 
75, 784 
73,713 
63, 398 
77, 571 
58,228 
44. 546 



2,244 
2,738 
2,852 
3,071 
2,891 
2,038 
1,830 



For footnotes, see p. 205. 



STATISTICS OF INCOME 



197 



Table 19.— Corporation returns for 1924 to 19SS, by States and Territories, 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 J — 
Continued 

[Money figures in thousands of dollars] 



Year 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income 3 



Net 
income 



Tax 



Returns showing no net income 8 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data — 
Inactive 
corpora- 
tions 2 



GEORGIA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



5,099 


3.0S0 


5,251 


3,354 


5,281 


3,234 


5,524 


3,416 


5,620 


3,409 


5,738 


3,390 


5,678 


2,681 


5,567 


1,980 


5,360 


1,032 


5,556 


1,825 



762, 368 
986, 022 
871, 829 
869, 452 
875, 584 
806, 659 
436, 314 
316, 569 
178, 537 
406, 807 



50, 162 
67, 081 

61, 824 
70, 521 
64, 903 

62, 281 
25, 925 
18, 624 
10, 767 
22, 769 



5,536 


2,019 


7,700 


1,897 


7,564 


2,047 


8,320 


1,839 


6,891 


1,922 


6,105 


2,037 


2,252 


2,717 


1,664 


3,308 


1,354 


4,046 


* 3, 199 


3,349 



271, 453 
192, 118 
228, 593 
229, 623 
257, 331 
293, 278 
427, 555 
356, 912 
326, 905 
202, 500 



22, 280 

18, 207 

23, 522 

19, 387 
18, 500 
20, 486 
39, 200 
44, 109 
36, 490 
20, 330 



269 
289 
311 
280 
279 
282 
382 



HAWAII 



1924 


607 


393 


1925 


594 


380 


1926 


633 


429 


1927 


686 


445 


1928 


734 


455 


1929 


784 


448 


1930. 


785 


413 


1931 


669 


295 


1932. 


780 


304 


1933 


768 


329 



183, 492 
160, 612 
190, 085 
205, 254 
206, 357 
213, 699 
184, 486 
46,360 
91, 062 
156, 898 



31, 530 


3,625 


214 


22, 148 


2,794 


214 


25, 849 


3,996 


204 


28,349 


3,715 


203 


33, 456 


3,883 


238 


28,829 


3,046 


291 


22, 836 


2,643 


339 


4,552 


447 


346 


7,675 


1,031 


446 


19, 518 


4 2, 695 


413 



12, 961 
31, 931 
18, 314 
32, 904 
41, 473 
26, 577 
42, 304 
52, 942 
105, 213 
50, 812 



1,109 
2,269 
1,667 
2,200 
1,696 
2,895 
4,787 
9,228 
17, 280 
5,878 



IDAHO 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



2,071 


902 


2,279 


1,012 


2,282 


991 


2,270 


1,014 


2,352 


1,061 


2,412 


1,054 


2,509 


919 


2,509 


685 


2,350 


279 


2,295 


470 



128, 795 
142, 932 
146, 791 
118, 271 
126, 777 
135, 466 
86, 771 
56, 223 
21, 777 
42, 957 



6,846 


680 


1,169 


9,014 


975 


1,267 


7,707 


837 


1,291 


5,930 


587 


564 


6,645 


535 


553 


7,525 


505 


593 


4, 943 


403 


790 


2,819 


226 


1,031 


1,258 


177 


1,323 


2,046 


4 289 


1,078 



39, 417 
36, 391 
50, 174 
53, 184 
50, 413 
50, 361 
73, 898 
65, 211 
58, 949 
47, 434 



5,829 
5,196 
6,219 
5,915 
6,839 
4,620 
9,156 
12, 716 
13, 983 
6,418 



692 
738 
765 
800 
793 
748 
747 



ILLINOIS 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



26, 414 


15, 959 


27, 239 


16, 767 


28, 340 


16, 986 


29, 248 


16,913 


30,444 


17, 668 


31, 700 


17, 698 


32, 043 


13, 389 


32, 260 


10, 489 


32, 117 


4,816 


32, 266 


7,259 



11, 805, 918 
13, 362, 186 

14, 390, 967 
11, 953, 762 

15, 684, 946 
14, 094, 546 

9, 617, 188 
5, 651, 020 
3, 565, 964 
5. 337, 930 



706, 054 


82, 468 


10, 455 


851,832 


105, 692 


10, 472 


901, 782 


116, 559 


11, 354 


836, 588 


107, 499 


10, 052 


1, 012, 940 


115,222 


10, 370 


1, 103, 647 


115, 133 


11,339 


586, 664 


66, 135 


15, 780 


263, 614 


28, 520 


18, 920 


131, 959 


15, 713 


24,144 


220, 079 


* 31, 301 


21, 731 



1, 889, 666 

2, 044, 832 

2, 238, 434 
4, 764, 386 
2, 151, 365 
4,801,819 
6, 402, 522 
6, 825, 575 
5, 758, 058 

3, 899, 593 



161, 659 
141, 187 
159, 687 
185, 949 
179, 767 
216, 642 
407, 150 
642, 842 
820, 155 
548, 081 



2,283 
2,406 
2,663 
2,874 
2,851 
3,157 
3,276 



INDIANA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



10, 832 


6,556 


11, 057 


6,826 


11, 080 


6,889 


11, 463 


6,821 


11, 703 


6,836 


11, 789 


6,881 


11, 663 


5,289 


11, 989 


4,395 


11,649 


1,963 


11,773 


2,797 



1, 539, 298 

1, 745, 149 

1, 806, 530 

1, 582, 823 

1, 635, 492 

1, 708, 371 

994, 645 

696, 537 

292, 504 

571, 914 



114,990 
135, 335 
129, 344 
115, 760 
122, 603 
124, 080 
71, 467 
50, 362 
23, 414 
36, 804 



12, 930 


4,276 


15, 736 


4,231 


15, 748 


4,191 


13, 965 


3,343 


12, 902 


3,561 


11,980 


3,705 


7,250 


5,186 


4,888 


6,236 


3,108 


8,322 


< 5, 265 


7,423 



394, 698 
315, 924 
371, 233 
479, 236 
469, 320 
502, 243 
767, 555 
730, 309 
702, 416 
480, 611 



41, 903 
30, 881 
33, 416 
41,571 
34, 984 
40, 188 
70,090 
95, 807 
120, 254 
71, 161 



1,299 
1,306 
1,203 
1,188 
1,358 
1,364 
1,553 



For footnotes, see p. 205. 



198 



STATISTICS OF INCOME 



Table 19.' — Corporation returns for 1924 t° 1933, by States and Territories, 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 1 — 
Continued 

[Money figures in thousands of dollars] 



Year 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income 3 



Net 
income 



Tax 



Returns showing no net income ' 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data- 
Inactive 
corpora- 
tions 2 



IOWA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



8,961 


4,993 


9,048 


5,115 


8,843 


5,060 


9,050 


5, 087 


8,643 


4,981 


9,116 


5,109 


9,125 


4,558 


9,350 


3,527 


9,131 


1,377 


9.011 


1,987 



897, 364 

974, 948 

1, 054, 994 

1, 047, 967 

1, 098, 127 

1, 089, 544 

935, 209 

548, 375 

286, 327 

415, 557 



49, 732 
56, 259 
56, 751 
53, 292 
65, 510 
68, 045 
46, 489 
25, 509 
11, 239 
18, 543 



5,285 


3,968 


6,302 


3,933 


6,586 


3,783 


6,154 


2,592 


6,605 


2,507 


6,399 


2,430 


4,574 


3.077 


2,361 


4,119 


1,503 


5,867 


« 2, 634 


5,060 



265, 893 
241, 131 
218, 046 
248, 748 
219, 656 
261, 779 
337, 932 
408, 076 
380, 172 
253, 415 



25, 290 
24, 377 
25, 033 
19, 190 
18, 550 
20, 436 
28, 276 
47, 427 
56, 170 
37,714 



1,371 
1,155 
1,577 
1,490 
1,704 
1,887 
1,964 



KANSAS 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



4,985 


3,184 


5,003 


3.132 


5,280 


3,253 


5,191 


3,122 


5,228 


3,258 


5,192 


3,278 


5,308 


2,846 


5,290 


2,111 


4,997 


1,064 


4,833 


1,175 



940, 050 

951, 362 

1, 109, 432 

879, 042 

1, 061, 843 

1, 157, 222 

710, 603 

460, 740 

288, 764 

205, 823 



84,611 
109, 216 
131, 459 
99, 606 
108, 127 
134, 228 
74, 321 
32, 439 
13, 308 
8,203 



9,833 


1,801 


13, 443 


1,871 


17,017 


2,027 


12. 807 


1,677 


12, 100 


1,531 


13, 952 


1,517 


8,241 


2,059 


3,435 


2.714 


1.819 


3,453 


« 1, 131 


3,131 



134, 592 


15, 351 


159, 086 


13, 573 


141,554 


12, 889 


295, 469 


29, 873 


178, 640 


10, 460 


154, 393 


12, 768 


373, 290 


29, 352 


281, 443 


52, 645 


239, 684 


32, 539 


294, 673 


21, 944 



392 
439 
397 
403 
465 
480 
527 



KENTUCKY 



1924 
1925 
1926 
4927 
1928 
1929 
1930 
1931 
1932 
1933 



5,225 


3,226 


5,295 


3,418 


5,479 


3,403 


5,718 


3,397 


5,894 


3,457 


5,668 


3,316 


5,764 


2,767 


5,470 


2,158 


5,193 


1,079 


5, 103 


1,439 



674. 691 
768, 520 
933, 658 
938, 354 
955, 937 
921, 182 
612, 278 
267, 715 
221, 566 
349, 713 



64, 975 


7,347 


1,999 


78, 149 


9,418 


1,877 


77, 203 


9,012 


2,076 


72, 270 


8,893 


1,691 


75, 154 


8,172 


1,783 


77, 305 


7,746 


1.799 


38, 453 


3,982 


2,364 


18, 965 


1,843 


2,765 


14,468 


1,873 


3,586 


23, 933 


* 3, 316 


3,141 



180, 069 
128, 198 
194,012 
157,883 
172, 661 
193, 354 
277, 027 
433, 143 
327, 561 
245, 309 



16, 973 
11, 484 
14,471 
14, 494 
15,998 
16, 388 
74, 305 
40, 242 
39, 228 
29, 766 



630 
654 
553 
633 
547 
528 
523 



LOUISIANA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



5,155 


2,943 


5,250 


3,121 


5,657 


3,277 


5,817 


3,219 


6,072 


3,370 


6,314 


3,424 


6,440 


2,903 


6,597 


2,415 


6,675 


1,197 


6,605 


1, 502 



835, 279 
1, 002, 632 
930, 187 
936, 032 
1, 040, 909 
885, 801 
605, 069 
419, 649 
243, 716 
384, 501 



54, 436 
64, 233 
62, 497 
56,861 
60, 221 
53, 648 
33, 217 
23, 234 
14, 929 
21, 130 



5,934 


2,212 


7,269 


2,129 


7,554 


2,380 


6,753 


2,092 


6,122 


2,132 


4,980 


2,242 


3,096 


2,881 


2,150 


3,440 


1,765 


4,681 


* 2, 963 


4,315 



227, 486 
273, 482 
312, 137 
316,012 
295, 881 
339, 902 
515, 634 
480, 865 
399, 762 
237, 503 



24, 738 
26, 153 
26, 200 
26, 323 
27, 385 
32, 196 
51, 988 
59, 975 
54, 925 
48,511 



506 
570 
648 
656 
742 
797 



MAINE 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



3,444 


1,966 


3,464 


1,945 


3,443 


1,972 


3,489 


2,072 


3,644 


2,092 


3,720 


2,095 


3,789 


1,888 


3,884 


1.535 


3,771 


713 


3,771 


854 



415, 087 
478, 669 
461, 039 
484, 207 
494, 436 
487, 657 
330. 322 
210, 292 
107, 009 
153,431 



31, 348 
39, 072 

32, 529 
36, 574 
34, 915 
35, 379 
24, 232 
13, 355 

7,924 
10, 119 



3,534 


1,478 


4,584 


1,519 


3,909 


1,471 


4,327 


1,042 


3,703 


1,133 


3,432 


1,180 


2,496 


1,476 


1,304 


1,806 


1.084 


2,614 


< 1,380 


2,454 



125, 272 
97, 833 
99, 758 
108, 635 
124, 662 
141,410 
265, 180 
270, 579 
238, 515 
189, 082 



12,819 
10, 187 
10, 464 
11,270 
8,974 
20, 792 
28, 487 
36, 900 
49, 719 
38, 067 



375 
419 
445 
425 
543 
444 
463 



For footnotes, see p. 205. 



STATISTICS OF INCOME 



199 



Table 19.- — Corporation returns for 1924 to 1933, by States and Territories, 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 J — 
Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 


Returns showing net income 


Returns showing no net income 2 


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 i 



MARYLAND 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



5,202 


2,933 


5,461 


3,090 


5,621 


3,188 


5,787 


3,162 


5,970 


3,144 


6,189 


3,334 


5,922 


2,775 


5,841 


2,255 


6,156 


1,300 


6,313 


1,653 



924, 620 
1, 288, 345 
1, 446, 205 

1, 355, 004 

2, 348, 695 
2, 505, 888 
2, 114, 349 
1, 529, 221 
1, 169, 378 
1, 260, 465 



83, 493 
103, 665 
118, 166 
104, 113 
156, 352 
165, 645 
116, 375 
76, 622 
56, 117 
55, 447 



9,847 


2,269 


12, 753 


2,371 


14, 934 


2, 433 


13, 189 


1,882 


17, 573 


2,067 


lfi, 851 


2,143 


13, 225 


2,479 


8,736 


2,932 


7,712 


4,102 


* 7, 738 


3,836 



282, 135 
220, 659 
211, 857 
222, 922 
236, 587 
279, 430 
420, 191 
719, 472 
703, 194 
577, 569 



21, 783 

19,345 

20, 398 

36, 988 

25, 825 

30,010 

57, 808 

101,813 

135, 243 

102, 824 



743 
759 

712 
668 
654 
754 
824 



MASSACHUSETTS 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



17, 101 


9,412 


16, 444 


9,631 


17, 639 


9,752 


18, 182 


9,907 


18, 851 


10, 266 


19, 401 


10, 383 


20, 070 


8,316 


19, 678 


6,727 


20, 016 


3,476 


19, 972 


5,174 



4, 748, 920 
5, 436, 777 

5, 288, 583 
5,575,411 
5, 354, 347 
5, 739, 160 
3, 506, 843 
2,581,451 
1, 61G, 236 
2, 492, 028 



352, 210 


40, 796 


7,689 


407, 769 


49,269 


6,813 


382, 932 


48, 500 


7,887 


399, 971 


49, 174 


7,149 


412, 506 


45, 923 


7,501 


444, 570 


44, 620 


7,980 


249, 537 


27, 837 


10, 546 


170, 983 


18, 985 


11,948 


in*;, I-..V-, 


14,217 


15, 396 


177, 754 


* 25, 230 


13, 720 



1, 671, 263 
1, 315, 091 
1, 794, 802 

1, 366, 406 
1,849,502 
1, 914, 633 
2, 729, 715 
2, 410, 170 

2, 231, 981 
1, 616, 687 



173, 656 
112, 722 
146, 128 
136, 208 
147, 014 
190, 760 
346, 662 
337, 204 
369, 374 
226, 791 



1,126 
1, 084 
1,038 
1,208 
1,003 
1,144 
1,078 

m 



MICHIGAN 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



12, 77S 


7,429 


13,016 


8,103 


13, 553 


8,282 


14, 120 


7,953 


14, 920 


8,655 


15, 543 


8,631 


15, 758 


6, 045 


15, 287 


4,562 


14, 951 


2,063 


14, 79S 


3,141 



4, 110, 639 
6, 233, 868 
6, 847, 081 
5, 929, 512 
6, 998, 639 
8, 083, 807 
4, 654, 505 
2, 776, 880 
703, 521 
2,391,165 



497, 940 
762, 997 
672, 422 
624, 658 
735, 671 
762, 435 
389, 342 
239, 140 
54, 022 
176, 627 



59, 869 


5,349 


96, 056 


4,913 


88, 183 


5,271 


81, 971 


4,873 


85, 310 


4,840 


71, 628 


5,448 


43, 858 


8,063 


27, 123 


9, 124 


7,219 


11, 247 


* 25, 294 


9,947 



624, 917 

640, 995 

671, 641 

1, 235, 428 

1, 325, 147 
1, 106, 247 
1, 716, 269 

2, 036, 296 
2, 224, 772 
1, 306, 356 



63, 963 
63, 876 
84, 481 
134, 299 
159,477 
119, 044 
193, 928 
299, 845 
372, 480 
169, 299 



1,294 
1,425 
1,464 
1,650 
1,601 
1,641 
1,710 



MINNESOTA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



10, 800 


5, 7S3 


10, 733 


5,999 


10, 965 


5,870 


11, 101 


5,910 


11,302 


6,229 


11,482 


6,316 


11,476 


5,491 


11,403 


4,364 


11, 196 


2,030 


10, 792 


2,373 



2, 178, 022 
2, 304, 606 
2, 245, 522 
2, 499, 166 
2, 544, 669 
2, 502, 989 
1, 857, 606 
1, 063, 009 
652, 128 
995, 647 



111,845 
131,886 
130, 212 
117,224 
155, 637 
146, 669 
87, 556 
57,311 
31,115 
44, 779 



12, 698 


5,017 


15, 796 


4,734 


16, 156 


5,095 


14, 227 


3,693 


17, 091 


3,544 


14, 697 


3,563 


9,225 


4, 435 


5,991 


5,427 


4,166 


7,513 


* 6, 362 


6,855 



423, 208 
389, 834 
517, 264 
343, 390 
418,990 
477, 318 
722, 989 
951, 175 
867, 046 
651, 229 



41, 333 
31,810 
31, 056 
36, 398 
28, 226 
32, 732 
60, 139 
105, 601 
143, 426 
103, 034 



1,498 
1, 529 
1, 603 
1,550 
1,612 
1, 653 
1,564 



MISSISSIPPI 



1924 

1925 

1926 

1927 

1928 

1929 

1930 

1931 

1932 

1933 



1,977 


1,305 


1,999 


1,447 


2, 113 


1,413 


2,240 


1,435 


2,432 


• 1,482 


2,562 


1,493 


2, 604 


1,044 


2,585 


782 


2.446 


367 


2,337 


644 



20S, 072 

262, 518 

253, 964 

236, 058 

257, 632 

266, 681 

143, 578 

83, 099 

25, 779 

71, 080 



13, 197 
15, 759 
13,166 
12, 176 

12, 700 

13, 737 
5,999 
3,485 
1,128 
2,856 



For footnotes, see p. 205. 



1,336 


672 


1,664 


552 


1,435 


700 


1,242 


674 


1,066 


780 


1,131 


894 


512 


1,293 


267 


1,461 


133 


1,778 


M02 


1,461 



67, 669 
48, 648 
67, 5S7 
77, 817 
80,317 
96, 251 
136, 535 
111, 822 
106, 816 
77, 530 



12, 171 
3,797 
7,405 
7,861 
6, 779 
7,728 

14, 365 

15, 105 

16, 048 
10, 731 



131 
170 
175 
267 
342 
301 
232 



200 



STATISTICS OF INCOME 



Table 19. — Corporation returns for 1924 to 1933, by States and Territories, 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] 



Year 



Total 
num- 
ber of 
Jeturns 



Returns showing net income 



Num- 
ber 



Gross 
income 3 



Net 
income 



Tax 



Returns showing no net income' 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data- 
Inactive 
corpora- 
tions J 



MISSOURI 



1924 


15, 139 


8,906 


1925 


15, 673 


9,372 


1926 


16, 145 


9,160 


1927 


16, 370 


9,017 


1928 


16, 751 


9,137 


1929 


17, 223 


9,146 


1930 


17, 106 


7,411 


1931 


16, 767 


5,723 


1932 


16, 373 


3,140 


1933 


15, 594 


4,014 



3, 183, 605 
3, 740, 522 
3, 783, 126 
3, 441, 649 
3, 724, 876 
3, 796, 258 
2, 574, 540 
1, 462, 835 
986, 399 
1, 478, 323 



225, 899 
272, 484 
267, 510 
239, 671 
256, 781 
262, 695 
162, 446 
101,315 
78, 524 
100, 036 



26, 039 


6,233 


33, 347 


6,301 


33, 948 


6,985 


30,281 


5,627 


27, 953 


5,711 


26, 786 


6,068 


17, 748 


7,691 


10, 872 


9,107 


10, 554 


11, 243 


* 13, 982 


9,769 



616, 709 

574, 474 

704,211 

970, 500 

766, 051 

862, 061 

1, 275, 416 

1, 573, 324 

1, 365, 961 

976, 015 



56, 249 
48, 707 
51, 022 
66, 960 
60, 573 
65, 538 
103, 086 
185. 867 
184, 323 
151, 477 



1,726 
1,903 
2,009 
2,004 
1,937 
1,990 
1,811 



MONTANA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



4,028 


1,489 


3,907 


1,609 


3,866 


1,686 


4,020 


1,837 


3,708 


1,933 


3,585 


1,822 


3, 350 


1,419 


3,201 


1,099 


3,044 


529 


2,933 


630 



146, 
166, 
162, 
194, 
213, 
190, 
116, 
78, 
33, 
50, 



8,949 
11,841 
13, 937 
13,312 
14, 643 
11,942 
5, 582 
3,286 
1,048 
2,036 



841 


2,539 


1,196 


2,298 


1,520 


2,180 


1,361 


983 


1,249 


960 


941 


1,070 


379 


1,454 


251 


1,729 


121 


2,153 


<286 


1,938 



51, 323 
50, 781 
63,611 
48, 014 

46, 55S 

47, 886 
72, 374 
68, 003 
71,612 
59, 639 



8,766 
7,716 
6, 643 
9, 343 
5,483 
6,770 
10,629 
17, 489 
11, 790 
7,595 



1,200 
815 
693 
477 
373 
362 
365 



NEBRASKA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



4,679 


2,896 


4,583 


2,868 


4,594 


2,815 


4,716 


2,958 


4,836 


3,060 


4,725 


2,969 


4,786 


2,708 


4,860 


2,071 


4,694 


958 


4,473 


1,180 



600, 160 
586, 991 
607, 508 
667, 777 
653, 414 
646, 677 
515, 094 
303, 124 
133, 907 
216, 265 



26, 914 
30, 391 
27, 498 
26, 750 
30, 624 
30, 079 
21, 996 
12, 648 
7,138 
9,813 



2,763 


1,783 


3,318 


1,715 


3,122 


1,779 


2.9S2 


1,296 


2,882 


1,251 


2,662 


1,352 


2,043 


1,705 


1,087 


2,355 


94S 


3,308 


4 1, 378 


2,844 



127, 324 
129, 102 
127, 779 
120,555 
153, 126 
137, 689 
180, 543 
204, 894 
236, 421 
168, 021 



13,116 
12, 538 
10, 178 
9,462 
10, 356 
17, 306 
15, 628 
21, 106 
27, 803 
21, 783 



462 
525 
404 
373 
434 
428 
449 



NEVADA 



1924 


1,049 


327 


1925 


1,029 


351 


1926 


969 


326 


1927 


874 


314 


1928 


1,026 


353 


1929 


1,033 


351 


1930 


1,022 


309 


1931 


997 


301 


1932 


938 


108 


1933 


888 


106 



27, 
29, 
67, 
108, 
150, 
252, 
244, 
358, 
254, 
246, 



1,662 


147 


722 


2,342 


215 


678 


2,881 


316 


643 


4,109 


487 


253 


6,963 


736 


281 


9,771 


971 


315 


5,547 


595 


401 


6,840 


754 


410 


6,462 


896 


542 


6,727 


4 966 


502 



13, 001 
13, 312 
12, 557 
11, 550 
10, 008 
11,935 
24, 508 
19, 490 
26, 225 
26, 832 



3,378 
6,442 
3,077 
3,412 
4,602 
4,330 
5,845 
4,777 
6,021 
15, 992 



307 
392 
367 
312 



280 



NEW HAMPSHIRE 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



1,175 


704 


1,198 


758 


1,183 


715 


1,227 


754 


1,322 


767 


1,349 


803 


1,396 


707 


1.345 


587 


1,333 


329 


1,412 


400 



132, 556 
144, 336 
147,800 
149, 966 
153, 633 
152, 699 
112,734 
73, 756 
47. 479 
75, 778 



8,536 


930 


471 


10, 262 


1,169 


440 


9,293 


1,065 


468 


11,148 


1,240 


399 


11, 398 


1,168 


466 


11,948 


1,117 


477 


7,455 


720 


621 


4, 166 


362 


687 


2,151 


277 


934 


5,005 


<702 


943 



54, 283 
74, 748 
81, 240 
48, 475 
80, 241 
69, 075 
94, 389 
80, 675 
72, 788 
67, 653 



4,392 
5, 780 
8, 052 
6, 099 

11,104 
4,782 

11,647 
8,733 

10, 577 
7,488 



For footnotes, see p. 205. 



STATISTICS OF INCOME 



201 



Table 19.' — Corporation returns for 1924 to 1933, by States and Territories, 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 1 — 
Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 


Returns showing net income 


Returns showing no net income 1 


Number 
of returns 


Year 


Num- 
ber 


Gross 
income * 


Net 
income 


Tax 


Num- 
ber 


Gross 
income 3 


Deficit 


showing 
no income 
data- 
Inactive 
corpora- 
tions J 



NEW JERSEY 



1924- 


14, 229 
15, 151 
17, 480 
19, 143 


8,580 
9,494 
10,413 
10, 783 


3, 454, 553 
3, 810, 671 
4, 105, 186 
4, 393, 566 


260, 526 
331, 624 
342, 090 
349, 484 


30, 689 
39, 209 
42, 830 

43, 337 


5,649 
5,657 
7,067 
6,863 


643, 031 
512, 406 
701, 615 
808, 805 


59, 666 
55, 326 
67, 551 
83, 002 




1925 




1926 




1927 


1,497 


1928 


20, 509 


11,310 


3, 607, 869 


376, 247 


41, 171 


7,605 


782, 487 


85, 635 


1,594 


1929 


21, 885 


11,646 


3, 748, 760 


444, 895 


45, 680 


8,468 


955, 695 


136, 749 


1,771 


1930 


22, 489 


9,945 


2, 484, 672 


224, 871 


24, 075 


10,711 


1, 405, 281 


238, 326 


1,833 


1931 


22, 967 


8,449 


1, 745, 271 


157, 129 


16,813 


12,515 


1, 794, 189 


441, 477 


2,003 


1932 


23, 278 


3,128 


996, 615 


106, 566 


14, 037 


17, 955 


1, 776, 135 


359, 855 


2,195 


1933 


23, 902 


3,599 


1, 236, 745 


125, 456 


* 17, 549 


17, 972 


1, 551, 898 


315, 246 


2,331 



NEW MEXICO 



1,037 


413 


941 


435 


1,108 


471 


1,019 


495 


1,103 


541 


1,126 


558 


1,136 


491 


1,172 


375 


1,197 


188 


1,132 


241 



48, 885 
54, 243 
57, 108 
61, 856 
70, 297 
66, 999 
49, 579 
29,711 
12, 157 
24, 325 



2,874 


271 


624 


3,173 


311 


506 


3,708 


395 


637 


3,998 


418 


283 


4,621 


415 


282 


4,320 


354 


300 


2,455 


179 


430 


1,247 


68 


558 


412 


47 


738 


1,117 


<160 


656 



22, 483 
13, 667 
15, 787 
16, 840 
17, 357 
17, 762 
27, 216 
29, 180 
32, 497 
20, 541 



3,441 
2,815 
3,668 
2,748 
2,221 
2,527 
3,228 
4,088 
4,535 
3,429 



241 
280 
268 
215 
239 
271 
235 



NEW YORK 



1924 


75, 043 


43, 406 


24, 099, 803 


2, 096, 542 


246, 109 


31, 637 


5, 498, 111 


520, 316 




1925 


79, 414 


46, 838 


28, 825, 905 


2, 598, 419 


322, 979 


32, 576 


5, 440, 764 


455, 799 




1926 


89, 617 


51,424 


29, 722, 073 


2, 770, 885 


356, 409 


38, 193 


6, 084, 458 


517, 071 




1927 


96, 949 


53, 051 


31, 285, 699 


2, 545, 507 


324, 573 


36, 108 


7, 054, 365 


576, 625 


7,790 


1928 


103, 372 


55, 008 


34, 937, 638 


3, 248, 916 


367, 733 


40, 062 


6, 116, 345 


573, 652 


8,302 


1929 


107, 300 


55, 304 


36, 812, 023 


3, 646, 922 


383, 110 


43, 865 


7, 901, 545 


854, 292 


8,131 


1930. 


111,100 


47, 674 


29, 732, 351 


2, 091, 540 


238, 010 


54, 627 


12,011,326 


1, 355, 500 


8,799 


1931 


110, 851 


39, 271 


15,113,394 


1,216,637 


135, 402 


62, 639 


16, 194, 996 


1, 918, 459 


8,941 


1932 


109, 931 


15, 599 


9, 660, 469 


700, 156 


94, 739 


85, 234 


14, 191, 558 


2, 185, 749 


9,098 


1933 


110,436 


18, 922 


13, 241, 667 


831, 980 


* 118, 321 


81,811 


10,691,022 


1, 672, 403 


9,703 



NORTH CAROLINA 



6,085 


3,529 


6,267 


3,762 


6,450 


3,686 


6,501 


3,688 


6,669 


3,462 


6,570 


3,009 


6,544 


2,161 


6,219 


1,819 


5,802 


1,080 


5,835 


2,049 



951, 

1, 155, 

1, 212, 

1, 340, 

1, 225, 

1, 149, 

732, 

673, 

464, 

690, 



83, 732 

106, 623 

102, 879 

114, 607 

96, 562 

104, 314 

73, 172 

71, 193 

62, 687 

54, 459 



9,726 


2,556 


12, 822 


2,505 


13, 017 


2,764 


14, 147 


2,308 


10, 770 


2,667 


10, 863 


3,011 


8,334 


3,732 


8,148 


3,803 


8,565 


4,241 


* 7, 636 


3,206 



280, 429 
232, 867 
252, 468 
190, 775 
261, 057 
298, 035 
471, 227 
381, 167 
345, 791 
215, 406 



19, 490 
14, 536 
22, 013 
16, 413 

20, 784 
25, 344 
36, 859 
40, 107 
51, 134 
22, 367 



505 
540 
550 
651 
597 
481 
580 



NORTH DAKOTA 



3,084 


1,601 


3,245 


1,684 


3,445 


1, 552 


3,471 


1,695 


3,528 


1,737 


3,425 


1,467 


3,574 


1,183 


3,548 


826 


3,239 


487 


2,938 


649 



161, 109 

169, 211 

131, 654 

160, 229 

160, 651 

121, 487 

88,446 

44,313 

26, 754 

47,845 



5,700 


443 


1,483 


7,972 


547 


1,561 


6,574 


422 


1,893 


5,412 


399 


943 


5,688 


321 


972 


4,538 


251 


1,085 


2,721 


133 


1,458 


1,651 


94 


1,735 


827 


102 


1,910 


1,267 


<178 


1,585 



35, 201 
41, 851 
49,804 
35, 829 
44,525 
44, 399 
59, 910 
53, 623 
52, 553 
38, 306 



4,779 
3,982 
4,865 
3,150 
3,220 
3,845 
4,533 
6,536 
6,596 
4,419 



833 
819 
873 
933 
987 
842 
704 



For footnotes, see p. 205. 



202 



STATISTICS OF INCOME 



Table 19.— Corporation returns for 1924 to 1933, by States and Territories, 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 1 — 
Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 


Returns showing net income 


Returns showing no net income 2 


Number 
of return 


Year 


Num- 
ber 


Gross 
income 3 


Net 
income 


Tax 


Num- 
ber 


Gross 
income 3 


Deficit 


showing 
no income 
data — 
Inactive 
corpora- 
tions^ 



OHIO 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



22, 754 


13, 369 


23, 239 


14, 266 


23, 475 


14, 266 


24, 305 


14, 020 


24, 722 


14, 344 


25, 173 


14, 299 


25, 459 


10, 676 


25, 462 


8,318 


24, 919 


3,969 


24, 823 


5,859 



5, 709, 072 

6, 884, 609 
7,211,098 
6, 673, 416 

7, 557, 768 
7, 879, 661 
4, 901, 729 
2, 910, 398 
1, 746, 586 
2, 559, 005 



442, 
564, 
530, 
505, 
589, 
687, 
301, 
170, 
114, 
175, 



810 


51, 130 


9,385 


543 


69, 182 


8,973 


119 


66, 541 


9, 209 


740 


63, 487 


8,901 


966 


64, 776 


8,942 


231 


71, 393 


9,515 


339 


33, 041 


13, 365 


378 


18, 223 


15, 457 


481 


15, 124 


19, 399 


811 


« 24, 751 


17, 287 



1, 433, 214 
1,185,619 
1, 469, 759 
1, 741, 695 
1, 339, 516 

1, 705, 020 

2, 704, 950 
3,071,048 
2, 727, 030 
2, 200, 416 



144, 561 
153,511 
113, 122 
132, 172 
123, 830 
153, 561 
250, 365 
391, 052 
478, 597 
348, 579 



1,384 
1,436 
1,359 
1,418 
1,687 
1,551 
1,677 



OKLAHOMA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



5,729 


2,929 


5,608 


3,141 


5,835 


3,299 


6,132 


3,271 


6,456 


3,512 


6,671 


3,649 


6,944 


2,948 


6,558 


1,717 


6,092 


1,030 


5,975 


1,396 



568, 664 
937, 549 
915, 820 
804, 266 
975, 497 
1, 047, 919 
519, 489 
205, 067 
166, 747 
254, 399 



39, 222 
73,912 
84, 301 
56, 608 
79, 233 
105, 607 
71,297 
20,911 
20, 218 
27, 059 



3,969 


2,800 


8,025 


2,467 


10, 327 


2,536 


6,368 


2,090 


8,124 


2,177 


9, 795 


2,169 


7,739 


3,073 


2,171 


4,054 


2,611 


4,369 


4 3,841 


3,892 



284, 286 
183, 943 
402, 181 
366, 858 
293, 740 
336, 547 
702, 725 
591,717 
500, 309 
492, 528 



42, 572 
27, 332 
32,928 
45, 641 
36, 289 
28, 448 
69, 418 
119,879 
83, 668 
62, 469 



771 
767 
853 
923 
787 
693 
687 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



OREGON 



5,647 


2,733 


5,850 


2,910 


6,144 


3,003 


6,350 


3,028 


6,673 


3,131 


6,863 


3,105 


7,012 


2,590 


6,880 


1,910 


6,446 


779 


6,247 


1,058 



491,452 
468, 622 
503, 667 
486, 618 
512, 332 
579, 209 
430, 249 
220, 112 
83, 397 
177, 766 



29, 088 

28, 652 

26, 867 

23, 694 

29, 385 

30, 027 

17,010 

8,936 

3,055 

5,448 



3,107 


2,914 


3,154 


2,940 


2,995 


3,141 


2,494 


2,172 


2,737 


2,232 


2,601 


2,345 


1,517 


2,979 


768 


3,467 


371 


4,336 


4 774 


3,861 



153, 459 
203, 425 
197, 205 
210, 568 

204, 219 
206, 520 
287, 066 
311,467 
280, 190 

205, 485 



40, 856 
16, 874 
21, 240 
21, 736 
18,904 
20, 410 
37, 439 
43, 979 
51, 924 
37, 095 



1,150 
1,310 
1,413 
1,443 
1,503 
1,331 
1,328 



PENNSYLVANIA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



1924. 
1925. 
1926. 
1927. 
1928. 
1929. 
1930 
1931 
1932 
1933 



23, 429 


12, 988 


23, 502 


13, 569 


24, 173 


13, 820 


24, 883 


13, 193 


25, 558 


13, 370 


26, 357 


13, 880 


26, 577 


11,254 


26, 448 


8,452 


26, 800 


4,546 


26, 665 


6,107 



9, 614, 888 
9, 907, 817 
10, 157, 118 
9, 986, 472 
10,209,117 
10, 843, 235 
7, 562, 032 
3, 227, 380 

2, 072, 786 

3, 028, 214 



730, 528 
891, 119 
941,819 
806, 494 
905, 715 
1,060,023 
565, 536 
249, 231 
164, 050 
225, 937 



87, 512 


10,441 


111,207 


9,933 


122, 361 


10, 353 


104, 135 


9,330 


104, 000 


9,665 


112,113 


9,795 


61,3SU 


12,549 


27, 371 


15, 183 


21, 983 


19, 143 


4 32, 120 


17,462 



1, 643, 673 
1, 633, 985 

1, 730, 696 

2, 284, 379 
2, 151, 155 
1, 909, 570 

3, 235, 599 
5, 010, 370 

4, 092, 190 
3, 259, 577 



158, 157 
151,087 
150,307 
188, 397 
181,313 
193, 501 
316,422 
476, 652 
567, 085 
409, 019 



RHODE ISLAND 



2,455 


1,310 


2,503 


1,419 


2,566 


1, 368 


2,688 


1,530 


2,871 


1.C28 


2,964 


1, 650 


3,068 


1,370 


3,127 


1,217 


3,134 


562 


3,272 


846 



639, 729 
678,751 
616,015 
735, 728 
691, 950 
683, 002 
380, 338 
265, 321 
127,045 
314,510 



44, 862 
50, 376 
43, 396 
49, 046 
51,732 
54, 487 
23, 345 
18, 184 
9,290 
22, 401 



5,237 


1,145 


6,019 


1,084 


5,477 


1,198 


5,791 


947 


5,585 


1,000 


5, 504 


1, 067 


2,677 


1,450 


1,887 


1,655 


1,147 


2,327 


4 3, 148 


2, 143 



218, 780 
209, 296 
252, 858 
160, 030 
187,610 
231, 893 
370, 685 
373, 103 
347, 445 
217,066 



37, 322 
24, 130 
22, 640 
16, 193 
15, 107 
19, 731 
57, 783 
55, 367 
62,012 
37, 079 



2,360 
2,523 
2,682 
2,774 
2,813 
3,111 
3,096 



205 
243 
247 
248 
255 
245 
283 



For footnotes, see p. 205. 



STATISTICS OF INCOME 



203 



Table 19.- — Corporation returns for 1924 to 1933, by States and Territories, 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 J — 
Continued 

[Money figures in thousands of dollars] 



Year 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income 8 



Net 
income 



Tax 



Returns showing no net income 2 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data- 
Inactive 
corpora- 
tions a 



SOUTH CAROLINA 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



4,104 


2,111 


3,924 


2,158 


3,822 


1,768 


3,713 


1,768 


3,817 


1,710 


3,759 


1.597 


3,626 


1,229 


3,610 


980 


3,404 


511 


3,245 


1,078 



299, 553 
381, 883 
341,241 
404, 553 
328, 582 
299, 809 
147, 121 
114, 668 
82, 521 
224, 948 



14, 251 
20, 003 
15, 325 
24,791 
17, 816 
16, 161 
6,281 
6,084 
3,448 
15,727 



1,372 


1,993 


1,912 


1,766 


1,693 


2,054 


2,694 


1,548 


1,804 


1,709 


1,464 


1,775 


525 


2,031 


539 


2,244 


433 


2,511 


« 2, 199 


1,871 



190, 547 
157,082 
168, 970 
106, 947 
156,705 
194, 994 
224, 452 
196, 589 
153, 147 
91,936 



SOUTH DAKOTA 



12,435 
12, 047 
12, 468 
8,612 
9.368 
11,463 
25, 630 
18, 419 
20, 668 
14, 064 



397 
398 
387 
366 
386 
382 
296 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



2,970 


1,559 


2,838 


1,576 


2,872 


1,354 


3,008 


1,665 


2,954 


1,712 


3,071 


1,685 


3,127 


1,514 


3,132 


1,093 


3,023 


473 


2,876 


509 



142, 824 
143, 374 
87, 879 
151, 272 
154, 811 
140, 322 
107, 590 
55, 099 
26, 226 
36, 871 



4,793 


355 


1,411 


5, 257 


426 


1,262 


3,437 


257 


1,518 


5,230 


387 


704 


6,230 


394 


677 


6,296 


395 


816 


4,846 


294 


998 


2,241 


118 


1,361 


699 


84 


1,900 


1.004 


«142 


1,734 



39, 971 
35.959 
42, 861 
28, 127 
30, 633 
49, 669 
55, 074 
60, 017 
58, 561 
42, 343 



4, 023 
3,357 
3,927 
2,894 
2,337 
2.784 
3.441 
5,022 
5, 853 
4,016 



639 
565 
570 
615 
678 
650 
633 



TENNESSEE 



1924 
1925 
1926 
1927 
1928. 
1929 
1930 
1931 
1932 
1933 



5,100 


3,074 


4,801 


3,047 


4,955 


3,047 


5,039 


3,054 


5,213 


3,039 


5,338 


3,032 


5,408 


2,463 


5,312 


1,832 


5,199 


1,010 


5,215 


1,510 



859, 819 

1, 014, 708 

1, 005, 290 

1, 039, 656 

962, 458 

902, 047 

570, 822 

362, 762 

221,451 

414, 280 



52, 089 
66, 906 
66, 926 
61, 403 
65, 893 
59, 533 
33, 117 
22, 969 
12, 997 
24. 473 



5,789 


2,026 


7,793 


1,754 


8,177 


1,908 


7,405 


1,577 


7,039 


1,747 


5,744 


1, 852 


3,364 


2,483 


2,274 


3,007 


1,700 


3,678 


« 3, 467 


3,179 



247, 635 
206, 591 
285, 705 
256, 920 
268,428 
307, 351 
420, 751 
389, 176 
358, 843 
223, 299 



20, 991 
12,677 

17. 421 
18, 545 
18,069 
24, 702 
46, 888 
45, 252 

42. 422 
29, 553 



408 
427 
454 
462 
473 
511 
526 



TEXAS 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



10, 787 


6,815 


11,245 


6,890 


11,970 


7,253 


12, 930 


7,524 


14, 238 


8,293 


14. 552 


8,156 


15, 431 


6,660 


15, 225 


5,216 


15, 154 


2,982 


15, 168 


4,198 



2, 484, 325 
2, 735, 808 
2, 728, 745 
2, 315, 682 
2, 452, 987 
2, 420, 433 
1,593,901 
816, 758 
730, 901 
1, 057, 647 



150, 502 
206, 658 
199, 525 
142, 338 
173, 980 
189, 132 
97, 054 
45, 981 
40, 858 
57, 596 



16,819 


3,972 


24,862 


4,353 


24, 863 


4,717 


17, 051 


4,353 


18,441 


4,761 


18, 193 


5,243 


9,739 


7,362 


4,311 


8,582 


4,713 


10, 653 


< 8, 335 


9,296 



369, 929 
494, 545 
473, 996 
567, 896 
786, 169 
685, 770 
934, 254 
1,098.435 
812,817 
578, 827 



50, 577 
45, 914 
52, 191 
57, 303 
68, 852 
66, 899 
106, 851 
152, 978 
156,413 
106, 726 



1,053 
1,184 
1,153 
1,409 
1,427 
1,514 
1,679 



UTAH 



1924 
1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 



3,096 


1,483 


3,120 


1,635 


3,083 


1,537 


3,125 


1,589 


3,508 


1,712 


3,245 


1,646 


3,301 


1,392 


3,135 


977 


2,901 


419 


2,923 


615 



257, 844 


19. 352 


273, 587 


21, 297 


264. 983 


18, 566 


279, 069 


17, 179 


290, 146 


20, 363 


288, 739 


19, 933 


199, 849 


11,323 


100, 564 


5,056 


29, 847 


1,573 


98, 744 


5,387 



2,099 
2,432 
2,183 
1,952 
2,004 
1,814 
1,055 
426 
206 
<757 



1,613 

1,485 

1,546 

913 

932 

888 

1,173 

1,516 

1,909 

1,688 



72, 626 
67, 657 
99, 779 
79, 433 
79, 898 
83, 235 
121,243 
139, 229 
140,058 
90, 107 



7,727 
9,698 
9,894 
9,637 
8,751 
8, 582 
14, 325 
18,046 
18, 527 
14, 025 



631 
866 
423 
247 
617 
573 
620 



For footnotes, see p. 205. 
5984—35 14 



204 



STATISTICS OF INCOME 



Table 19. — Corporation returns for 1924 to 1933, by States and Territories, 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 x — 
Continued 

[Money figures in thousands of dollars] 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income 3 



Net 
income 



Tax 



Returns showing no net income 2 



Num- 
ber 



Gross 
income 3 



Deficit 



Number 
of returns 
showing 
no income 
data — 
Inactive 
corpora- 
tions 2 



VERMONT 



1,060 


683 


1,088 


708 


1,096 


699 


1,089 


683 


1,112 


724 


1,120 


704 


1,120 


572 


1,169 


420 


1,174 


221 


1,184 


291 



130, 936 
140, 853 
145, 614 
153, 168 
156, 048 
142, 257 
99, 924 
51, 468 
25, 752 
44,715 



9,133 


1,011 


377 


10, 238 


1,218 


380 


10, 429 


1,230 


397 


9,927 


1,164 


348 


10, 314 


1,038 


342 


10, 255 


963 


357 


5,287 


491 


492 


1,933 


155 


693 


1,210 


158 


899 


2,273 


* 314 


826 



31, 423 
32,211 
45, 470 
42, 861 
42,212 
55, 113 
52, 244 
72, 214 
71, 086 
48, 924 



3,775 
3,470 
4,178 
5,571 
4,598 
9,642 
6,215 
7,792 
10, 090 
5,898 



VIRGINIA 



6,018 


3,675 


6,214 


3,834 


6,358 


3,795 


6,485 


3,795 


6,785 


3,835 


7,168 


3,837 


7,139 


3,241 


7,071 


2,730 


6,915 


1,490 


6,815 


1,930 



801, 547 

1, 043, 824 

1,112,614 

1,013,815 

1, 024, 668 

1, 016, 915 

847, 015 

631,485 

378, 009 

502, 610 



82, 086 
112,238 
135, 859 
123, 648 
118,505 
132, 956 
110, 675 
76, 746 
36, 692 
43, 882 



9,392 


2,343 


13, 405 


2,380 


17, 284 


2,563 


15, 770 


2,137 


13, 166 


2,337 


13, 794 


2,613 


12,519 


3,185 


8,662 


3,661 


4,972 


4,765 


« 6, 174 


4,211 



320, 144 
215, 217 
202, 865 
267, 002 
245, 296 
294, 173 
370, 505 
375, 118 
360, 176 
266, 697 



27, 704 
38, 640 
17, 389 
22, 531 
18, 790 
22, 535 
44, 414 
50, 870 
62, 779 
62, 341 



553 
613 
718 
713 
680 
660 
674 



WASHINGTON 



10, 095 


4,855 


10, 191 


5,259 


10, 748 


5,305 


10, 977 


5,355 


11,847 


5,874 


12, 159 


5,924 


12, 709 


4,934 


13, 091 


3,916 


12, 328 


1,654 


11,472 


2,128 



931, 289 

1,023,072 

1, 024, 089 

1, 056, 761 

1, 239, 108 

1, 153, 890 

671,962 

357, 660 

166, 579 

293, 411 



54, 809 
63, 839 
63, 301 
62, 700 
75, 391 
76, 230 
31, 492 
17, 608 
7,744 
12, 805 



5,851 


5,240 


7,122 


4,932 


7,286 


5,443 


7,222 


3,748 


7,419 


3,799 


6,986 


4,058 


2,686 


5,306 


1,397 


6,388 


954 


8,150 


« 1, 823 


7,206 



333, 042 
272, 753 
365, 543 
348, 219 
288, 353 
397, 561 
602, 964 
592, 111 
499, 153 
401, 664 



31, 770 
29, 367 
33, 503 
33, 997 
31, 004 
31, 684 
57, 351 
83, 323 
85, 440 
50, 907 



1,874 
2,174 
2,177 
2,469 
2,787 
2,524 
2,138 



WEST VIRGINIA 



5,366 
5,205 
5,142 
5,239 
5,145 
5,173 
5,101 
4,953 
4,807 
4,654 



2,818 
2,843 
3,000 
2,928 
2,773 
2,873 
2,477 
1,900 
962 
1,290 



646, 532 
723, 896 
814, 966 
702, 212 
656, 932 
700, 698 
447, 840 
228, 123 
119, 373 
223, 741 



50, 065 
64, 525 
76, 152 
57, 024 
51, 923 
59, 047 
27, 487 
16,445 
7,915 
17,919 



5,636 


2,548 


7,633 


2,362 


9,415 


2,142 


6,996 


1,825 


5,445 


1,910 


5,757 


1,843 


2,647 


2,108 


1,586 


2,508 


1,039 


3,344 


* 2, 497 


2,831 



199, 226 
147, 176 
151, 149 
173, 152 
170, 774 
162, 244 
203, 753 
277, 974 
258, 395 
205, 260 



28, 028 
23, 393 
18, 900 
23, 073 
19, 964 
17, 258 
21, 380 
38, 950 
37, 569 
26, 105 



486 
462 
457 
516 
545 
501 
433 



For footnotes, see p. 205. 



STATISTICS OF INCOME 



205 



Table 19. — Corporation returns for 1924 to 1933, by States and Territories, 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 1 — 
Continued 

[Money figures in thousands of dollars] 



Year 



Total 
num- 
ber of 
returns 



Returns showing net income 



Num- 
ber 



Gross 
income ' 



Net 
income 



Tax 



Returns showing no net income J 



Num- 
ber 



Gross 
income « 



Deficit 



Number 
of returns 
showing 
no income 
data — 
Inactive 
corpora- 
tions 2 



WISCONSIN 



1924. 
1925. 
1926. 
1927. 
1928 
1929 
1930 
1931 
1932 
1933 



13,144 


7,679 


13, 489 


8,141 


13, 827 


8,253 


14, 456 


8,567 


15, 393 


8,828 


15, 836 


8,810 


16, 009 


6,777 


16,311 


5,199 


16, 203 


2,806 


15, 852 


3,422 



1, 785, 866 

2, 159, 861 

2, 268, 270 

2, 232, 947 

2, 347, 121 

2, 377, 121 

1, 589, 177 

859, 406 

391, 493 

718, 626 



132, 
171, 
187, 
185, 
184, 
198, 
103, 
50, 
19, 
37, 



285 


15, 113 


5,465 


193 


20, 325 


5,348 


044 


23, 193 


5,574 


418 


23, 118 


4,172 


569 


20, 122 


4,681 


398 


19, 928 


5,079 


140 


10, 921 


7,234 


205 


5,100 


9,067 


848 


4 2, 602 


11, 176 


548 


< 5, 357 


10, 147 



428, 651 
348, 367 
392, 410 
437, 508 
408, 788 
449, 131 
730, 197 
904, 477 
829, 237 
531, 140 



36, 920 
35, 078 
36, 632 
39, 756 
45, 955 
47, 430 
73, 340 
109, 487 
149, 785 
88, 324 



1,717 
1,884 
1,947 
1,998 
2,045 
2,221 
2,283 



WYOMING 



1924. 
1925. 
1926. 
1927. 
1928 
1929 
1930 
1931 
1932 
1933 



1,527 


761 


1,451 


789 


1,418 


776 


1,402 


788 


1,441 


881 


1,468 


798 


1,440 


721 


1,416 


580 


1,495 


246 


1,322 


291 



57, 100 
61, 675 
60, 932 
57, 921 
69, 951 
60, 881 
47, 049 
27, 804 
9,859 
14, 800 



4, 412 


391 


766 


8,188 


884 


662 


5,233 


534 


642 


4,920 


492 


413 


5,737 


457 


364 


3,976 


262 


450 


3,066 


203 


492 


1,701 


91 


634 


528 


59 


1,039 


590 


«81 


879 



29, 140 
20, 468 
19, 766 
22, 990 
16, 529 
20, 787 
22, 214 
28, 814 
35,317 
25, 870 



5,329 
3,865 
3,569 
3,856 
2,678 
3,691 
3,991 
4,874 
6,350 
4,715 



201 
196 
220 
227 
202 
210 
152 



i Changes in the revenue acts affecting the comparability of statistical data from income-tax returns of 
corporations are summarized on pp. 218-221. 

2 Prior to 1927, returns for inactive corporations showing no income data were included with returns 
showing no net income. 

• Gross income corresponds to total income as reported on face of return plus cost of goods sold. 

* Includes excess-profits tax (effective June 30, 1933, under the provisions of the National Industrial 
Recovery Act.) 

« Revised figures. 



REVENUE ACTS OF 1909 TO 1932 

AND CERTAIN TAX PROVISIONS OF 
THE NATIONAL INDUSTRIAL RECOVERY ACT 



A SYNOPSIS OF 

FEDERAL INCOME AND PROFITS TAX RATES 

ESTATE AND GIFT TAX RATES 

CREDITS AND EXEMPTIONS 

AFFECTING THE COMPARABILITY OF DATA 

IN "STATISTICS OF INCOME" 



207 



REVENUE ACTS OF 1909 TO 1932, AND CERTAIN TAX PROVISIONS OF THE 
NATIONAL INDUSTRIAL RECOVERY ACT. A SYNOPSIS OF FEDERAL 
INCOME- AND PROFITS-TAX RATES, ESTATE- AND GIFT-TAX RATES, 
CREDITS AND EXFMPTIONS 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, and certain tax provisions of the National Indus- 
trial Recovery Act. 

B. Individual surtax rates under the Revenue Acts of 1913 to 1932, 
inclusive. 

C. Individual supplemental income- and profits-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, and certain tax provisions 
of the National Industrial Recovery Act. 

ESTATES 

E. Estate-tax rates, specific exemption, and credits against estate 
tax, under the Revenue Acts of 1916 to 1932, inclusive. 

GIFTS 

F. Gift-tax rates and specific exemption under the Revenue Acts of 
1924 and 1932. 

209 



210 



STATISTICS OF INCOME 



A. — Individuals required to file returns, personal exemption, credit for dependents, 

tax provisions of the National 





Applicable to citizens and residents of the United States 




Income year 


Individuals required to file returns 8 


Revenue Act 


Married and living 
with husband or wife * 


Single, or married and 
not living with hus- 
band or wife 




Net in- 
come 5 


Gross in- 
come re- 
gardless 
of amount 
of net in- 
come 


Net in- 
come 6 


Gross in- 
come re- 
gardless 
of amount 
of net in- 
come 


1913 (Oct. 3, 1913) 


Mar. 1, 1913, to Dec. 

31, 1915. 
1916 


$3,000 
3,000 
2,000 
2,000 
2,000 
1 2,000 

2,500 

I 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 




1916 (Sept. 8, 1916; amended 






Mar. 3 and Oct. 3, 1917). 
1917 (Oct. 3, 1917) 


1917 








(1918 






1918 (Feb. 24, 1919) 


U919, 1920 










1921 


$5,000 
5,000 
5,000 

5,000 
5,000 


$5,000 
5,000 
5,000 

5,000 
5,000 


1921 (Nov. 23, 1921) 


•U922 




U923 I0 


1924 (June 2, 1924) 


1924 




(1925 


1926 (Feb. 26, 1926) 


-M926 




U927 




/1928 




1929 - 


1928 (May 29, 1928) 


1930 






^931 


1932 (June 6, 1932) . 


1932, 1933 


N. I. R. A. (June 16, 1933) ».. 


1933 











See footnotes on pp. 212-213. 



STATISTICS OF INCOME 



211 



and normal tax rates under the Revenue Acts of 1918 to 1932, inclusive, and certain 
Industrial Recovery Act 



Applicable to citizens and residents of the United States 


Applicable to nonresident aliens i 


Personal exemption and credit 
for dependents 3 


Net income subject 
to normal tax • 


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 t 


Single, or 
married 
and not 
living 
with hus- 
band or 
wife, and 
not head 
of family ' 


Nor- 
mal 
tax 
rate 8 
(per- 
cent) 


Married 
and living 
with hus- 
band or 
wife, or 
head of 
family 7 


Single, or 

married 

and not living 

with husband 

or wife, and 

not head of 

family 7 


Credit 
for de- 
pend- 
ents 8 


$4,000 
4,000 
2,000 
2,000 
2,000 
" 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 

3 
5 

3 

5 

" V2 
14 2 

144 

V-A 

3 

5 

m 

3 
5 
4 

8 


None 
$4, 000 

| None 

1 (•) 

} (■) 

} 1, 000 

I 1, 000 

I 1, 500 

I 1, 500 

I 1, 500 

1 1,500 

1 1, 500 
} 1,000 


None 
$3, 000 
None 
( 9 ) 

<■> 

1,000 
1,000 
1,500 
1,500 

1,500 

1,500 

1,500 
1,000 


None 
None 
None 

m 

to 

"None 

(12) 

(12) 

(12) 

(12) 

(.2) 

(12) 
(12) 


1 


All 


2 


[First $2,000 - 




\Balance over $2,000... 
/First $4,000 




\Balanee over $4,000— 
/First $4,000 




\Balance over $4,000... 
/First $4,000 


13 g 


\Balance over $4,000... 
(First $4,000 


•{Second $4,000 


13 6 


[Balance over $8,000... 
(First $4,000 




{ Second $4,000 


135 


(Balance over $8,000... 
/(First $4,000 




I Second $4,000 

[Balance over $8,000.. 
(First $4,000 


135 


^Second $4,000 

[Balance over $8,000.. 
\ (First $4,000. 


13 14 4 


^Second $4,000 

(Balance over $8,000.. 
First $4,000.. 


18 5 


^Second $4,000. 

, (.Balance over $8,000. . 
/First $4,000 


135 

'8 8 


\Balance over $4,000... 












\" 







212 



STATISTICS OF INCOME 



[Footnotes for table A] 



1 Required to file income-tax returns for all income derived from sources within the United States, re- 
gardless of amount unless total tax has been paid at source. 

1 (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 acts, returns are permitted for 
a fiscal year other than that ending Dec. 31. (6) For the years 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 required to 
file returns 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 of 1921, 1924, 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 States and are not 
required to file returns unless their gross income, exclusive of earned income from sources without the United 
States, exceeds $5,000; 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.) 

2 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 
shown in this table for nonresident aliens, for 1921 and subsequent years. 

4 Husband and wife each to file a return unless combined income is included in joint return. 

* 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. 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) Contributions to charitable and scientific organizations, etc., net exceeding 15 percent of the net 
income before deducting the contributions, are deducted for 1917 and subsequent 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) Losses sustained in transactions entered into for profit but not connected with business or trade are 
not deductible for 1913 to 1915, 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 subsequent 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, 
p. 217.) For 1932 and 1933 losses from sales or exchanges of stocks or bonds (other than capital assets held for 
more than 2 years, 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 sus- 
tained in the succeeding taxable year from 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, section 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1, 1933, Sec. 23 (r) (3) 



STATISTICS OF INCOME 213 

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, sec. 182 (a) of 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 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 net income of the pre- 
ceding year, a redeterminption 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 or 1931 
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 preceding taxable 
year. 

« Net income subject to normal tax is all net income after deducting the sum of: («) personal exemption, 
(6) credit for dependents, (c) 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 subse- 
quent years, and other than China Trade Act corporations, 1922 and subsequent years, and other than 
corporations exempt from tax for 1932 and subsequent years), (d) dividends on stock of foreign corpora- 
tions receiving a certain amount of income from sources within the United States, 1913 and subsequent 
years, (e) income, the tax upon which has been paid or withheld for payment at the source of income for 
the years 1913 to 1917, inclusive, and (0 interest not wholly tax exempt on United States obligations 
issuea after Sept. 1, 1917. 

7 No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 to 
Dec. 31, 1913. 

8 For each dependent under 18 years of age or incapable of self-support because mentally or physically 
defective. 

8 Nonresident aliens are allowed the personal exemption ($1,000 if single, $2,000 if married) and the credit 
for each dependent ($200) only when the country of which nonresident alien is a citizen either imposes 
no income tax or allows similar credit to citizens of the United States not residing within such foreign 
country. 

i° Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924. 

" For net incomes of $5,000 and over, personal exemption is $2,000. 

12 For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mex- 
ico), $400 credit allowed for each dependent. 

la 13 For 1922 and subsequent years alien residents of contiguous countries (Canada or Mexico) on net 
income attributable to compensation for labor or personal services actually performed in the United States 
receive benefit of normal tax rate provided for United States citizens. 

» See Joint Resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates 
of income tax for 1929. 

i» See note 5 (c) and (d). 



214 



STATISTICS OF INCOME 

B. — -Individual surtax rates under the 



Net income 


Revenue Act 






1913 


1916 


1917 


1918 


Exceed- 


Equal- 


On incomes for 










On incomes for 
1918, 1919, and 
1920, and Act of 


ing 


ing 


Mar. 
Dec. 31 


1, 1913- 
1915 


On incomes for 
1916 


On incomes for 
1917 


















1921 on incomes 


















for 1921 






Rate 


Total 


Rate 


Total 


Rate 


Total 


Rate 


Total 


Thousand 


s of dollars 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


5 


6 










1 


$10 


1 


$10 


6 


7.5 

8 
10 
12 
12.5 
13 
14 
15 
16 
18 
20 
22 










1 
2 
2 
3 
3 
4 
4 
4 
5 
5 
5 
8 


25 
35 
75 
135 
150 
170 
210 
250 
300 
400 
500 
660 


2 
2 
3 
4 

5 
5 
5 
6 
6 
7 
8 
9 


40 
50 
110 
190 
215 
240 
290 
350 
410 
550 
710 
890 


7.5 










8 










10 










12 










12.5 










13 










14 










15 










16 










18 










20 




$20 




$20 


22 


24 




40 




40 


8 


820 


10 


1,090 


24 


26 




60 




60 


8 


980 


11 


1,310 


26 


28 




80 




80 


8 


1,140 


12 


1,550 


28 


30 




100 




100 


8 


1,300 


13 


1,810 


30 


32 




120 




120 


8 


1,460 


14 


2,090 


32 


34 




140 




140 


8 


1,620 


15 


2,390 


34 


36 




160 




160 


8 


1,780 


16 


2,710 


36 


38 




180 




180 


8 


1,940 


17 


3,050 


38 


40 




200 




200 


8 


2,100 


18 


3,410 


40 


42 




220 


2 


240 


12 


2,340 


19 


3,790 


42 


44 




240 


2 


280 


12 


2,580 


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 


7,550 


58 


60 


2 


500 


2 


600 


12 


4,500 


28 


8,110 


60 


62 


2 


540 


3 


660 


17 


4,840 


29 


8,690 


G2 


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 


1,430 


4 


1,840 


22 


11, 420 


46 


21,610 


96 


98 


3 


1,490 


4 


1,920 


22 


11, 860 


47 


22, 550 


98 


100 


3 


1,550 


4 


2,000 


22 


12,300 


48 


23, 510 


100 


150 


4 


3,550 


5 


4,500 


27 


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 


58, 000 


50 


297, 800 


64 


423, 510 


750 


1,000 


6 


50, 050 


10 


83, 000 


55 


435, 300 


64 


583, 510 


1,000 


1,500 


6 


80, 050 


11 


138, (100 


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 

















1 Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924. 



STATISTICS OF INCOME 

Revenue Acts of 1913 to 1932, inclusive 



215 



Net income 


Revenue Act 






1921 


1924 


1926 


1932 














On incomes for 






Exceed- 


Equal- 










1925, 1926, and 






ing 


ing 


On incomes for 


On incomes for 


1927, and Act of 


On incomes for 






1922 and 1923 " 


1924 


1928 on incomes 


1932 and 1933 














for 1928, 1929, 


















1930, and 1931 










Rate 


Total 


Rate 


Total 


Rate 


Total 


Rate 


Total 


Thousand 
5 
6 


s of dollars 
6 
7 5 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


1 


$15 










1 


$15 
20 


7.5 
8 
10 


8 
10 
12 


1 
1 
2 


20 
40 
80 










1 
1 
2 










40 


1 


$20 


1 


$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 


880 


12 


1,440 


30 


32 


13 


1,700 


10 


1,120 


8 


1,040 


13 


1,700 


32 


34 


15 


2,000 


10 


1,320 


9 


1,220 


15 


2,000 


34 


36 


15 


2,300 


11 


1,540 


9 


1,400 


15 


2,300 


36 


38 


16 


2,620 


12 


1,780 


10 


1,600 


16 


2,620 


38 


40 


17 


2,960 


13 


2,040 


10 


1,800 


17 


2,960 


40 


42 


18 


3,320 


13 


2,300 


11 


2,020 


18 


3,320 


42 


44 


19 


3,700 


14 


2,580 


11 


2,240 


19 


3,700 


44 


46 


20 


4,100 


15 


2,880 


12 


2,480 


20 


4,100 


46 


48 


21 


4,520 


16 


3,200 


12 


2,720 


21 


4,520 


48 


50 


22 


4,960 


17 


3,540 


13 


2,980 


22 


4,960 


50 


52 


23 


5,420 


18 


3,900 


13 


3,240 


23 


5,420 


52 


54 


24 


5,900 


19 


4,280 


14 


3,520 


24 


5,900 


54 


56 


25 


6,400 


19 


4,660 


14 


3,800 


25 


6,400 


56 


58 


26 


6,920 


20 


5,060 


15 


4,100 


26 


6,920 


58 


60 


27 


7,460 


21 


5,480 


15 


4,400 


27 


7,460 


60 


62 


28 


8,020 


21 


5,900 


16 


4,720 


28 


8,020 


62 


64 


29 


8,600 


22 


6,340 


16 


5,040 


29 


8,600 


64 


66 


30 


9,200 


23 


6,800 


17 


5,380 


30 


9,200 


66 


68 


31 


9,820 


24 


7,280 


17 


5,720 


31 


9,820 


68 


70 


32 


10, 460 


25 


7,780 


17 


6,060 


32 


10, 460 


70 


72 


33 


11, 120 


26 


8,300 


18 


6,420 


33 


11, 120 


72 


74 


34 


11, 800 


26 


8,820 


18 


6,780 


34 


11, 800 


74 


75 


35 


12, 150 


27 


9,090 


18 


6,960 


35 


12, 150 


75 


76 


35 


12, 500 


27 


9,360 


18 


7,140 


35 


12, 500 


76 


78 


36 


13, 220 


28 


9,920 


18 


7,500 


36 


13, 220 


78 


80 


37 


13, 960 


28 


10,480 


18 


7,860 


37 


13, 960 


80 


82 


38 


14, 720 


29 


11,060 


19 


8,240 


38 


14, 720 


82 


84 


39 


15, 500 


30 


11, 660 


19 


8,620 


39 


15, 500 


84 


86 


40 


16,300 


31 


12,280 


19 


9,000 


40 


16, 300 


86 


88 


41 


17, 120 


31 


12, 900 


19 


9,380 


41 


17, 120 


88 


90 


42 


17, 960 


32 


13, 540 


19 


9,760 


42 


17, 960 


90 


92 


43 


18, 820 


33 


14, 200 


19 


10, 140 


43 


18, 820 


92 


94 


44 


19, 700 


34 


14,880 


19 


10, 520 


44 


19, 700 


94 


96 


45 


20, 600 


35 


15, 580 


19 


10, 900 


45 


20, 600 


96 


98 


46 


21, 520 


36 


16, 300 


19 


11, 280 


46 


21,520 


98 


100 


47 


22, 460 


36 


17, 020 


19 


11, 660 


47 


22, 460 


100 


150 


48 


46, 460 


37 


35, 520 


20 


21, 660 


48 


46, 460 


150 


200 


49 


70,960 


37 


54, 020 


20 


31, 660 


49 


70, 960 


200 


250 


50 


95, 960 


38 


73,020 


20 


41, 660 


50 


95, 960 


250 


300 


50 


120, 960 


38 


92, 020 


20 


51, 660 


50 


120, 960 


300 


400 


50 


170, 960 


39 


131, 020 


20 


71, 660 


51 


171, 960 


400 


500 


50 


220, 960 


39 


170, 020 


20 


91, 660 


52 


223, 960 


500 


750 


50 


345, 960 


40 


270, 020 


20 


141, 660 


53 


356, 460 


750 


1,000 


50 


470, 960 


40 


370, 020 


20 


191, 660 


54 


491,460 


1,000 


1,500 


50 


720, 960 


40 


570, 020 


20 


291, 660 


55 


766, 460 


1,500 


2,000 


50 


970, 960 


40 


770, 020 


20 


391,660 


55 


1,041,460 


2,000 




50 




40 




20 




55 















216 



STATISTICS OF INCOME 
C. — Individual supplemental income- and profits-tax rates 



Excess-profits tax 


Tax credit for income and profits taxes paid 
to foreign countries or United States pos- 
sessions 


Rev- 
enue 
Act 


Income 

year 


Income subject to excess- 
profits tax 


Rate 
(per- 
cent) 


Rev- 
enue 
Act 


Income 
year 


Amount of credit 


1917 


1917 


Salaries in excess of $6,000,! 
and income in excess of 
$6,000 * from business hav- 
ing no invested capital. 
Net income from business 
having invested capital: J 
Net income equal to 15 
percent of invested cap- 
ital less deduction. 3 
Net income in excess of 15 
percent of invested cap- 
ital but not in excess of 
20 percent of invested 
capital. 
Net income in excess of 20 
percent of invested cap- 
ital but not in excess of 
25 percent of invested 
capital. 
Net income in excess of 25 
percent of invested cap- 
ital, but not in excess of 
33 percent of invested 
capital. 
Net income in excess of 33 
percent of invested cap- 
ital. 


8 

20 
25 

35 

45 

60 


1917 

1918 

1921 
1921 
1924 
1926 

1928 

1932 


1917 

1918, 1919, 

1920 

1921 
1922, 1923 • 

1924 
1925, 1926, 

1927 
1928, 1929, 
1930, 1931 
1932, 1933 


Income and profits 
taxes paid to foreign 
countries or United 
States possessions 
were not allowed as 
a tax credit but 
were included in 
general deductions 
from gross income, 
except that taxes 
paid to foreign coun- 
tries were not al- 
lowed to nonresi- 
dent aliens. 
Amount paid or ac- 
crued. 4 

Do.» 

Do. 

Do. 

Do. 

Do. 
Do.' 



i In excess of $3,000 for nonresident aliens. 

' Nonresident aliens having business with invested capital, reported only that proportion of invested 
capital which net income from sources within the United States was of the entire net income. 

» Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage o f 
invested capital for taxable year as the average annual pre-war income was of pre-war invested capital (not 
less than 7 percent nor more than 9 percent). If not established during at least 1 whole year of the pre-war 
period, 8 percent. If, during the pre-war period the individual had a deficit or a very small income from 
business, or if invested capital cannot be determined, same percent as that of representative businesses. 
(See sec. 210, Revenue Act of 1917.) 

* Nonresident aliens 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 
taken, that the taxpayers' net income from sources without the United States bears to the entire net income. 
This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income 
from sources within a possession of the United States, but to such persons 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 income and profits taxes paid to foreign countries or United 
States possessions, in excess of that deducted as a tax credit, is permitted to be included in deductions 
against gross income. (See note 7.) 

• Tax for 1923 reduced 25 percent by credit or refund under sec. 1200 (a) of the Revenue Act of 1924. 

7 For 1932 and subsequent years, the taxpayer may elect to credit the income and profits taxes paid to 
foreign countries or United States possessions (with certain limitations) against the income tax liability to 
the United States, or to include the entire amount of such taxes in deductions against gross income. (See 
sees. 131 and 23 (c) (2), Revenue Act of 1932.) 



STATISTICS OF INCOME 
and tax credits under the Revenue Acts of 1917 to 1932, inclusive 



217 



Capital gains and losses 


Rev- 
enue 
Act 


Income 
year 


Tax on capital net gain from sale of 
assets held more than 2 years 


Tax credit on capital net loss from sale 
of assets held more than 2 years 


1921 
1924 

1926 
1928 
1932 


1922, 1923 8 
1924 

1925, 1926, 

1927 
1928, 1929, 
1930, 1931 
1932, 1933 


Taxpayer may elect to be taxed at 12J^ 
percent on capital net gain, provided 
that the total tax, including the tax on 
capital net gain, is not less than 12)4 
percent of the total net income. (Loss 
in ordinary net income cannot be de- 
ducted from capital net gain.) 

Taxpayer may elect to be taxed at 12}^ 
percent on capital net gain if the tax 
would be greater than 12}^ percent by 
including capital net gain in ordinary 
net income. (Loss in ordinary net in- 
come may be deducted from capital net 
gain and the balance taxed at 12>3 per- 
cent.) 

Same as 1924 Act 


Capital net loss may be reported apart 
from ordinary net income, and a tax 
credit of 12J^ percent of the capital 
net loss taken, if the tax thus pro- 
duced is not less than the tax would 
be if the capital net loss were de- 
ducted from ordinary net income. 

Same as 1924 Act. 


do 


Do. 


do 


Do. 







Credit on earned net income 



Rev- 
enue 
Act 


Income 
year 


Earned net income subject to tax for 
computation of credit 


Limit of credit 


1924 
1926 

1928 
1932 


1924 

1925, 1926, 
1927 

1928, 1929, 
1930, 1931 
1932, 1933 


All net income up to $5,000 whether earned 
or not, and up to $10,000, if earned. 

All net income up to $5,000 whether earned 
or not, and up to $20,000, if earned. 

All net income up to $5,000 whether earned 
or not, and up to $30,000, if earned. 


25 percent of normal tax on earned net 
income. (Cannot exceed 25 percent 
of normal tax on ordinary net in- 
come.) 

25 percent of total tax on earned net in- 
come. (Cannot exceed the sum of 
25 percent of normal tax on ordinary 
net income and 25 percent of surtax 
on earned net income.) 
Do. 









218 



STATISTICS OF INCOME 



D. — Corporation income- and profits-tax rates and credits, 

and certain tax provisions of 



Revenue Act 



1909 (excise tax) (Aug. 

5, 1909). 
1913 (Oct. 3, 1913) 



1916 (Sept. 8, 1916; 
amended Mar. 3, 
1917, 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) 

N. I. R. A. (June 16, 
1933) .i« 



Income tax 



Income year 



1909 to Feb. 28, 

1913. 
Mar. 1, 1913, to 

Dec. 31, 1915. 
1916— 



1917. 



1918. 



1919, 1920. 



1921 

1922, 1923 

1924 

1925 

1926, 1927 

1928 

1929 

1930 

1931 

1932, 1933 
1933 



Specific 
credit 3 



$5, 000 



2,000 



2,000 



2,000 
2,000 
2,000 
2,000 
2,000 
3,000 
3,000 
3,000 
3,000 



Taxable income « 



Net income » in excess of specific credit. 

All net income 

do 



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 the 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 exempt. 

do 

Net income in excess of specific credit u 

do- -.-. - 

do.... 



.do. 

.do 

.do. 

-do. 

.do 



All net income u. 



Rate 
(percent) 



10 



10 

12H 

12^ 

12 13 
i?13^ 

12 

13 a 
12 
12 

M 13% 



For footnotes, see pp. 220-221. 



STATISTICS OF INCOME 



219 



under the Revenue Acts of 1909 to 1932, inclusive ' 
the National Industrial Recovery Act 



Excess-profits tax 3 




Tax credit for income and 








profits taxes paid to 
foreign countries or 








Credit 


Taxable income 4 


Rate 
(percent) 


United States posses- 
sions 








For 1917 and prior years, 




Net income equal to 15 per 


20 


income and profits tax- 


$3,000 6 plus: An amount equal to the 


cent of invested capital 




es paid to foreign coun- 


same percentage of invested capital 7 


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- 


percent but not in excess 




allowed as tax credit, 


war invested capital (not less than 


of 20 percent of invested 




but were included in 


7 percent nor more than 9 percent) ; 


capital. 




general deductions 


or 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 


1 percent but not in ex- 
\ cess of 25 percent of in- 




cept that taxes paid to 


pre-war period, 8 percent of invested 




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 


either no net income or a very small 


percent but not in ex- 






net income or if invested capital can 


cess of 33 percent of in- 






not be determined, same percent as 


vested capital. 






that of representative corporations. 


Net income in excess of 33 


60 




J (See sec. 210, Revenue Act of 1917.) 


percent of invested cap- 
ital. 






$3,000 6 plus 8 percent of the invested 


Net income equal to 20 per- 


30 


Amount paid or accrued. 


capital ' for the taxable year. 3 


cent of invested capital 
less credit. 








Net income in excess of 20 


65 






percent of invested cap- 
ital. 






. __do 




20 


Do. 




cent of invested capital 








less credit. 








Net income in excess of 20 


40 






percent of invested cap- 
tal. 






do s 


do- 




Do.» 








Do. 10 








Do. 








Do. 








Do. 








Do. 








Do. 








Do. 








Do. 








Do.' 8 


12JS percent of adjusted declared 


Net income in excess of 


5 




value of capital stock. 


credit. 







5984—35 15 



220 



STATISTICS OF INCOME 



D. — Corporation income- and profits-tax rates and credits r 
certain tax provisions of the National 





Income 
year 


War-profits tax » 


Revenue Act 


Credit 


Taxable 
income 


Rate (per- 
cent) 


1918 (Feb. 24, 1919)... 


1918 


$3,000 « plus either an amount equal to 
the average pre-war net income plus 
or minus 10 percent of the increase or 
decrease of invested capital ? for the 
taxable year as compared with aver- 
age pre-war invested capital, or 10 
percent of the invested capital for 
the taxable year, whichever is 
greater." 


Net income 
in excess 
of war- 
profits 
credits. 


80 (less 
amount 
of ex- 
cess- 
profits 
tax). 



i 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. 

i 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 7.) 

4 For the years 1917 to 1921, inclusive, the amount of excess-profits tax was allowed as a deduction in 
arriving at the net income subject to income tax; for 1933 no deduction was allowed for excess-profits tax 
in arriving at net income subject to income tax, nor was any deduction allowed for income tax in arriving 
at net income subject to excess-profits tax. 

4 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, recei% 7 ed within the United States (see 
sec. 262 (b) of the Revenue Acts of 1921, 1924, and 1926 and sec. 251 (b) of the Revenue Acts of 1928 and 1932). 
Net income has been adjusted from time to time as follows: 

(a) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or 
after Apr. 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a 
reasonable amount in business deductions for 1918, 1919, 1920, and 1921. 

(6) Dividends on stock of domestic corporations (other than those deriving a large portion of their gross 
income from sources within a possession of the United States, 1921 and subsequent years, and other than 
China Trade Act corporations, 1922 and subsequent years, and other than corporations exempt from tax for 
1932 and subsequent years) are 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 Acts. 

(c) Losses sustained during a taxable year and not compensated for by insurance or otherwise are entirely 
deductible, except that for 1932 and 1933' 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 prohibiting the carrying 
forward and application of such losses to gains from similar transactions in the succeeding taxable year. 

(d) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the 
taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior to Jan. 
1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the preceding 
year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the net 
income for the preceding year the amount of such excess is to be deducted from the net income of the suc- 
ceeding taxable year. The Revenue Acts of 1921 to 1928, inclusive, provide that net loss in any year begin- 
ning after Dec. 31, 1920, may be deducted from the net income of the succeeding taxable year, and if such 
net loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the 
next succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 or 1931 shall be 
allowed as a deduction in computing net income for 1 succeeding taxable year only. 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 preceding taxable year. 

(e) For insurance companies, see special provisions in the various revenue acts. 



STATISTICS OF INCOME 



221 



under the Revenue Acts of 1909 to 1932, inclusive, and 
Industrial Recovery Act — Continued 



Revenue Act 


Tax on income from Government contracts 


Income year 


Taxable income 


Rate (percent) 


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- 
profits tax rates' of 
Revenue Act of 1918, 
as limited by sec. 
301 (c). 

Do 


1921 (Nov. 23, 1921) 











• The $3,000 credit not allowable to foreign corporations. 

» Invested capital within the meaning of the statute is the capital actually paid in to the corporation by 
the stockholders, 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 within the United States was of the entire net income. 
For the years 1918 to 1921, inclusive, it was not necessary for foreign corporations to report invested capital, 
and for the year 1921 it was not 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.) 

s 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- taken 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 afs 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 income and profits taxes paid to foreign countries or United States possessions in 
excess of that deducted as a tax credit is permitted to be included in deductions against gross income. (See 
note 15.) 

io Not allowable to China Trade Act corporations for 1922 and subsequent years. 

'i 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 required to be 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.) 

i 2 Income of insurance companies, exclusive of mutual companies other than life, taxable at 12H percent. 

" See joint resolution of Congress No. 133, approved by the President Dec. 16, 1929, reducing rates of 
income tax for 1929. 

M The rate of tax on consolidated returns for 1932 and 1933 is 14>>£ percent, except for returns with fiscal 
year ended in 1934 on which the tax attributable to 1934 is at the rate of 14% percent. (See sec. 218 (e), 
National Industrial Recovery Act.) 

" 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.) 

«« See note 5 (c) and (</), and note 14. 

" 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 percent 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 percent upon that portion of the total net income 
remaining undistributed 6 months after the close of the taxable year, in excess of the income actually em- 
ployed in the business, or invested in obligations of the United States issued after Sept. 1, 1917. 

For the years 1918 to 1920, inclusive, a corporation that permitted an unreasonable accumulation of profits 
was not subject to the ordinary corporation income tax, but the individual stockholders were taxed upon 
their proportionate shares of its net income. 

For the years 1921 to 1923, inclusive, an additional tax of 25 percent was imposed upon the taxable net 
income of a corporation where it was shown that there had been an evasion of surtax as the result of an 
unreasonable accumulation of profits. This additional tax was increased to 50 percent for 1924 and subse- 
quent years, with the provision for 1926 and subsequent years that the 50 percent additional tax shall not 
apply if all the shareholders of the corporation include in their gross income their entire distributive shares, 
whether distributed or not, of the net income of the corporation for such year. 



222 



STATISTICS OF INCOME 



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224 



STATISTICS OF INCOME 



F. — Federal gift-tax rates and specific exemption under the Revenue Acts of 1924 

and 1932 > 



Net gifts 


Revenue Act 


1924 


1932 2 






As amended by Act of 










1926 in effect from June 


In effect after J 






2, 1924, to Dec. 31, 1925 






Exceeding 


Equaling 


Rate (per- 
cent) 


Amount of 
tax 


Rate 
(percent) 


Amount of 
tax 




$10,000 




$100 


S A 


$75 


$10, 000 


20,000 




200 


m 


225 


20,000 


30,000 




300 


V4 


450 


30,000 


40,000 




400 


3 


750 


40,000 


50,000 




500 


m 


1,125 


50,000 


100,000 


2 


1,500 


b 


3,625 


100,000 


150,000 


2 


2,500 


ey 2 


6,875 


150, 000 


200,000 


3 


4,000 


m 


10, 125 


200, 000 


260,000 


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 


m 


45, 125 


600, 000 


750,000 


6 


31,500 


ii 


61, 625 


750,000 


800,000 


8 


35, 500 


ii 


67, 125 


800, 000 


1,000,000 


8 


51,500 


ny 2 


92,125 


1,000,000 


1, 500, 000 


10 


101,500 


14 


162, 125 


1,500,000 


2, 000, 000 


12 


161,500 


15V 2 


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 


2iy 2 


624, 625 


4, 000, 000 


4, 500, 000 


18 


551, 500 


23 


739, 625 


4, 500, 000 


5, 000, 000 


18 


641, 500 


24H 


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 


27H 


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 


30H 


1, 992, 125 


9, 000, 000 


10, 000, 000 


22 


1, 681, 500 


32 


2, 312, 125 


10, 000, 000 




25 




33^ 











Revenue Act 


Net gifts 


Specific exemption 


1924 as amend- 
ed by 1926. 

1932 


Total amount of gifts made during 
calendar year less: 

(1) Specific exemption. 

(2) Gifts to an individual not in 

excess of $500. 

(3) Previously taxed property 

and charitable, etc., gifts. 
Total amount of gifts made during 
calendar year less: 

(1) Specific exemption. 

(2) Exclusion of $5,000 for each 

donee (except future in- 
terests) . 

(3) Charitable, public, and 

similar gifts. 


Resident: $50,000 each 

calendar year. 
Nonresident: None. 

Resident or citizen: 
$50,000 allowed but 
once and taken all in 
one year or over a 
period of years at 
option of donor. 

Nonresident alien: 
None. 





' No gift tax in effect from Jan. 1, 1926, to June 6, 1932. Gift-tax returns are required to be filed for the year 
ending Dec. 31. 

2 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 



225 



FACSIMILES OF INDIVIDUAL AND CORPORATION INCOME-TAX RETURNS 
FOR 1933 USED IN PREPARING "STATISTICS OF INCOME" 



Form 1040. Individual income-tax return for net incomes from 
salaries or wages of more than $5,000, or incomes, regardless of 
amount, from business, profession, rents, or sale of property. 

Form 1040 A. 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. 

Form 1065. Partnership return of income for calendar year for every 
domestic partnership and every foreign partnership doing business 
within the United States or in receipt of income from sources therein. 

227 



228 



STATISTICS OF INCOME 

INDIVIDUAL INCOME TAX RETURN D ° N °— - 



FOR NET INCOMES FROM SAURIES OR WAGES OF MORE THAN $5,000 
AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY 

For Calendar Year 1933 




. Salaries, Wages, Commissions, Fcee, i 









2. Income (or Loss) from Business or Profession- (From Schedule a 

3. Interest on Bank Deposits, Notes, Corporation Bonda, 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 (or Loss) from Partnerships, Syndicates, Pools, etc. (Stale name, address, end kind of business) 



7. Rents and Royaltie 



(Froc 



r less. (FtwnS 



3 Schedule C 



i (a) Profit from Sale of Stocks and Bonds held two ye 
(6) Profit or Loss from Sale of Other Assets held two years or 
(c) Profit or Loss from Sale of Capital Assets (if not reported i 
. Taxable Interest on Liberty Bonds, etc (From Schedule D)-. 
. Dividends on Stock of: (a) Domestic Corporations subject to taxation under Title I of 1932 Act., 

(6) Domestic Corporations not subject to taxation under Title I of 1032 Act. 

(c) Foreign Corporations -_ , — — 

. Other Income. (State nature) (Use separate scbeduX U necessary) — ~ . — 

Total Income in Items 1 to II — — 

DEDUCTIONS 

. Interest Paid -. — - — ■ ■■■ >. , , , ■ 

. Taxes Paid. (Explain Id Schedule E) — ■ ■ ■ .— . 

. Losses by Firo, Storm, etc. fEiplcto ia Ttifclo at foot of pace O — , ■ , — . — 

. Bad Debts. (Explain In Schedule E)— _ , ■ 

. Contributions. (Explain in Schedule E) ....,.,, , , _ , - 

. Other Deductions Authorized by Law. CErphln in Schedule E 

Total Deductions is Items 13 to IS — 

Net Lvcome (Item 12 minus Iteai 10).... 




tzc 



COMPUTATION OF TAX (Sec Instruction 23) 



etc. (Item 9) 

Dividends (Iwm 10 (a))... 

Personal Exemption , 

Credit for Dependents. 
Total of Items 22 to 25 



Balance subject to Normal Tax (Hem 2 
Amount taxable at 4% (not over w.ooo)™ 



J 31. Normal Tax £:7.of Item K>... 

32. Normal Tax (SS&odtwaM)— 

33. Surtax on Item 20 (see lustre 
31. Tax on Net Income dotal or 
35. Adjustment for Capital Ga 



Total Tt 
j 37. Lias; In 



; Paid at So' 
\""P.vd'"to~" 



AFFIDAVIT 

I swear (or affirm) that this return, Including the accompanying sohedulea and statements, h u b ■■■<■ e: 
belief is a true and complete return, mad'.' in good faith, for t!:o taxable yea; stated, pursuant to the RovcnU' 

Act and the Refutations issued thereunder. 

(See InstnicUon 27) <l}rcluxoliD,adebywcal,tD«reaion iLmfur .i; UH twsUled en ISfiliouJ 

Sworn to and subscribed before b 



Checks r.nd liruf's will be accented enly Lf payable at par. 



STATISTICS OF INCOME 



229 



SCHEDULE A— INCOME (OR LOSS) FROM BUSINESS OR PROFESSION (See In'structlr 



1. Total receipts from business or profef 

Cost op Goods Sold 

2. Labor __ 

3. Material and supplies. 

4. Merchandise bought for sale 

5. Other costs (itemize below or on separate sheet). 
C. Plus inventory at beginning of year 

7. Total (Lines 2 to 6) 

8. Less inventory at end of year _ 

9. Net Cost of Coops :?-old (Line 7 minus Line S). 



i (atatc kind of business).. 



Enter "C". < 






rM",( 



Other Business Dedcctions 

10. Salaries not included as " Labor" in Line 2 (Jo I 

Dot deduct compensation for your service*)-.. 

11. Interest on business indebtedness to others _J 

12. Tascs on business and business property J 

13. Losses (explain in table at foot of page) 

li- Bad debts ari ing from fiales or services ' 

15 Depra iati 

plain in tabic i ■ 



i (e* 






■ 



17. Tot.vl (Lines 10 to 16)... 

IS. Total Deductions (Line 9 plu: 
10. Net Trot-it (on Loss) (Tine 1 i 







SCHEDULE B— INCOME FROM KENTS AND ROYALTIES (Sec Instruction 


7) 




".— ~^» 


Bicovto v »' u ; ',.; 


I ■■ trace) 


,K„.„ 


I'maasis 


rtVlt-L l"c?7) 




s 


. 




1 


5 - 


1 i 


4 !- 




















I 1 


1.. J 



Explanation of deductions 
claimed in Column 6 



SCHEDULE C— PROFIT OR LOSS FROM SALE 


OK 


STOCKS. 


BONDS. REAL 


ESTATE. ETC. 


iSo: 


Instruction 


B) 






..*»..,„_ 


tss. 


\&" 


wsar 


-*- ^~ 


Improvements 




Profit or Loss, 


(a) Stocks and Bonds* Held Two 
Years or Less: 


"""""" 












XXXXX 


XX 


«*« 


x \ 






1 














Total (a) l Transfer net profit to 
Item 8 (a)) 


xxxxxlxxxx* 


s 1 


S 1 


s........ ! 


(6) Other Assets Held Two 


1 













































Total (b) (Trat.sfer net profit or 
loss to Item s ib)) 






s 




g_ 1 |, 




S J Is i_ 


(c) Capital Assets: 


-4 r 








' 








1 






I 








1 1 










E 


1 1 


Total (<-) (Transfer net cam or 
loss to Item S (c) or 30) 


xxxxxlxxxxxls L'jl 1 


s 1 Is 1 Is 



SCHEDULE D— INTEREST ON LIBERTY BONDS AND OTHER OBLIGATIONS OR SECURITIES (Sec In 



1. Oduoations or Ezcucmes 


»— - 


3I "„?S,S™™ 


@ 


"eSSSSm 


'isllr 


(a) Obligations of a State, Territory, or political subdivision thereof. 






s 1 


AU . 


....X, 


„ 


""" 




(6) Securities issued under Fvderal Farm Loan Act, or under such Act 






1 




(c) Liberty 3 L j% Bonds and other obligations of United States 






i 






(<f) Liberty 4% and 4V£% Bonds and Treasury Bonds _ 

(0 Treasury Notes, Treasury Bills, and Treasury Certificated of 







1 


S3, 000 

All 








XX 


„ 



SCHEDULE E— EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1. 11. 16. 17. AND 18 



EXPLANATION OF DEDUCTION FOR 


DEPRECIATION CLAIMED IN SCHEDULES A 


AND B 






(If iMiJdiiibS, SU.U laaii r-_il it v,tn^ constructed) 


2. Date 


•■iSSS" 


'iSlSSS 


(EiduiivootL&ad) 


^Ssils* 


tzBExk 


*&asKs„ 






s 


s 


s 




~ _ | 






1 














1 


| 


::::..: i 



EXPLANATION OK DEDUCTION FOR LOSSES BY FIRE. STORM. ETC.. CLAIMED IN SCHEDULE A AND IN ITEM 15 




L«— »— n !»._ 


' ;d tSSSSSS 


•"%»remoi'"- | ^"'""V""" 


7. Dtaucnma Losa 




, 1 Is 1 


1 r» 1 


f 








| 1 








1 1 


1 




■ 



230 



STATISTICS OF INCOME 



INSTRUCTIONS 

The Instructions Nnmbered 1 to 20 Correspond with the Item Numbers on the First Page of the Retain 



1. INCOME FROM SALARIES, WAGES. COMMISSIONS, ETC 

Enter as Item I on pace I of the return, all salaries or other compensation 
credited by or received from outside sources. Use a separate line for each 
entry, giving the information requested. 

Any amount claimed as a deduction for necessary expenses against salaries, 
etc., euch as traveling expenses, while away from home in the pursuit of a trade 
or business, should be fully explained in Schedule E cm page 1 of the return, or 
on an attached statement. Traveling expenses ordinarily include expenditures 
for railroad fares, meals, and lodging. 

2. INCOME OR LOSS 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 pace 1 of the return. 

This schedule should include Income from: (a) Sale of merchandise or 
products of manufacturing, mining, construction, and agriculture; (fc) Business 
service, such as hotel, restaurant, and garage service, amusements, laundering, 
storage, transportation, etc.; and (c) Professional service, euch as dentistry, 
law, or medicine. In general, report any income in the earning of which you 
incurred expenses for material, labor, suppli 



, fot 



i accrual basis, th 



nter 
farm tx 
of Form I040F is optional. 
thod is used, attach to the return 
1930, 1931, 1932, and 1933 the fol- 



lowing: (a) Gross sales; (6) Cost of goods sold; (ej Gross crc 
of profits to gross sales; (c) Amount collected; and (J) Gross 
collected. See Section 44 of thfe Revenue Act of 1932. 

Kind of business. — Describe the. business or profession ii 
vlded in Item 2, page l.as "grocery," "retail clothing," "drugs 

Total i 

discounts or allowances from the sale price o 

Inventories. — If engaged in a trade or busin 
purchase, or sale of merchandise 
merchandise on hand should be t 
, which may be valued s 



the space pn> 
■eipts, less any 



r of husband or wife if a joi 
Interest. — Enter on Line 
nclude interest to yourself < 



Taxes.— Enter 

business. Do not include taxes assessed agai 
3 the value of the property a^essed 



filed, which is not deductible. 
', on business indebtedness. Do not 
vested in or advanced to the business, 
business property 



t local benefits of a kind tending 
lor Federal income taxes, 
n the trade or business, if not 
ot made good by repairs claimed 
as a deduction. Losses of business property arising from fire, storm, etc., 
should be explained in the table at the foot of page 2 of the return. 

Bad debts. — Enter on Line 14 debts, or portions thereof, arising from sales 
or services that have been rejected in income, which have been definitely ascer- 
tained to be worthless and charged off within the year, or 6uch reasonable 
lebf 

which collected. 
ine 15 the amount claimed as depreciation by 
! tear of property used in the trade or business, or 
nd explain in the table at the foot of page 2 how 
determined. If obsolescence is claimed, explain why the 
useful life is less than the actual life. 

■ of depreciation on property acquired by purchase should be 



if the property was purchased prior to March 1, 1913, it will l>e cor 
the fair market value of such property as of that date or its original 
depreciation actually sustained before that date), whichever is greater. 
■operty was acquired in any other manner than by purchase, 



t (less 
If the 

Sections 23 



(k). 23 (m), and 114 of the Re 

In case a deduction is claim 
wells, or timber, see Sections 23 (1), 23 (m), and 114 of the Revenue Act of 1932. 

Do not claim any deduction for depreciation in the value of a building occupied 
by you as a dwelling, or property held for personal use, nor for land (exclusi 



of improvements thereon) 

Rent, repairs, and other expenses. — En 
property in which you have no equity, ord 
in a usable condition, and other necessary bu 



nd securitie 
i Line 16 



> keep the property 
not classified above, 
Do not include rent for a dwelling 
you lor residential purposes, the cost of business equipment or 
furniture, expenditures for replacements or permanent improvements to prop- 
erty, nor personal, living, or family expenses. 

Deficit. — If the amount to be entered on Line 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 corpc 
interest on bonds upon which a tax was paid at the source 
is considered income when due and payable. 

4. INTEREST ON TAX-FREE COVENANT BONDS 
Enter as Item 4 bond interest upon which a tax was paid at source. Such 
tax (2 per cent of the interest entered in Item 4) may be claimed as a credit 
in Item 37 of the return. 

S AND 6. INCOME FROM PARTNERSHIPS. SYNDICATES. POOLS, ETC., 
AND FIDUCIARIES 
Enter as Item 5 your share of the profits 'whether received or not) (or of the 
losses) of a partnership, 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 8 shall be reported in Schedule C, (6) taxable interest on 
obligations of the United States shall be included in Schedule D, and (e) profits 
which consisted of dividends on stock of domestic corporations shall be included 
in Item 10 ((a) and/or <(>)) on the return. Include in Items 37 and 38, respec- 
tively, credits claimed for income tax paid at source, and foreign income taxes. 
If the taxable year on the basis of which you file your return does not coincide 
with the annual accounting period of the partnership or fiduciary, then you 
should include in your return your distributive share of the net profits (or losses) 
for such accounting period ending within your taxable year. 

7. INCOME FROM RENTS AND ROYALTIES 
Fill in Schedule B. giving the information requested. 

If you received property or crops in lieu of cash rent, report the income as 
though the rent had been received in cash. Crops received as rent on a crop- 
share basis should be reported as income for the year in which disposed of (unless 






tied). 



, fuel, light, labor, : 



during the taxable year 1933 

Other expenses, such as ii 
Other necessary expenses of this character should be 
S. PROFIT OR LOSS FROM SALE OF STOCKS. BONDS, REAL ESTATE, 
ETC. 

Report sales of property according to the three classes designated in Schedule 



) and full information giv 



value was determined. If the amoui 
cost of the property sold, full details r 
of the property. 

Enter as depreciation the amount of wear and tear, obsolescence, 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, tf the property 
was acquired be/ore that date. In addition, if the property was acquired before 
March I, 1913, and if the cost of such property la greater than its fair market 
value as of that date, the cost shall be reduced by the depreciation actually 
sustained before that date. 

Subsequent improvements include expenditures for additions, improvements, 
and repairs made to restore the property or prolong its useful life. 



No loss shall be r. 
where you have acquired f 
davs before or after the date of s 

In ease the amount to be ei 
t should be preceded by t 



nte red in Coluot 



apnn 



a of stock or s 



, deductible loss. 



. 30 



Act of 1932, as amended, relating to these losses s . 

Section 23TI Limitation on stock losses. — (1) Losses from sales or exchanges 
of stocks and bonds {as defined in Subsection ft) of this section) which are not 
capital assets (as defined in Section 101) shall be allowed only to the extent of the 
gains from such sales or exchanges (including gains which may be derived by a 
taxpayer from the retirement of bis own obligations). 

shall Dot apply to a dealer in securities (as to stocks and 
' ' customers) in respect of transactions in the ordtuary 

to a bank or trust company incorporated under the 

: of any State or Territory. 



i of the United States 



(t) Definition of stocks and bonds. — As used in Subsections (r) and (s), 
the terra "stocks and bonds" means (1) shares of stock io any curporation, or (2) 
nghts to subscribe for or to receive euch shares, or (3) bouds. debentures, notes, 
or certificates or other evidences of indebtedness, issued by any corporation 
(other than a government or political subdivision thereof), with interest coupons 
istered form, or (4) certificates of profit, or of interest in property or 



accumulations, 
in anv of the instru 
whether or not sue: 
poratioD within the 



-iilar organization holding 
its mentioned or described in this subsection, regardl' 
vestment trust or similar organization constitutes fi 



■Lalir 



ing of this Act. 
Capital net gain or loss. — If desired, a capital net gain derived from the sale 
exchange of capital assets may be computed separately and a tax of 12H per 
ot paid thereon in lieu of the normal tax and surtax. The term "capital net 
i._ .. oesa of the totoJ amo.jDt o( 
and capital losses, plus (6, 

computed \ 
ted from the sale 

assets, the total normal ta\ and surtax computed on the basis of the ordinary r 
shall be reduced by 12V£ per cent of euch capital net loss; but ' 



theca 

th: 



nputed in this manner be less than the total normal 
»t would be imposed without the benefit of this provisk 
iita! net loss" means the excess of the sum of the capital lo 
I deductions over the total amount of capital gain. 
1TERM "CAPITAL ASSETS" MEANS property held by you for e 



than two years (whether or not connected with your trade or business), but does 
not include 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 
property held by you primarily for sale in the course of your trade or business. 

If the" tax iscomputed under this provision, enter 12H per cent of the capital net 
gain or loss reported in Schedule C (c) as Item 35 on page 1 of the return. In 
case of a capital net loss, the amount of such loss and the credit claimed should be 
preceded bv a minus sign or written with red ink. See Section 101 of the Revenue 
Act of 1932. 

9. INTEREST ON LIBERTY BONDS, ETC. 

Schedule D should be filled in if you own any of the obligatk 



vmrious obUfEaj 

share of such in 
Interest on a 



Colu 



1. EnU 



C <lu 



2 the principal 


amour 


ts of the 


olumn 3 all inU 






these obligation 


. inclu 


ing your 



t received from a partnership, or an estate or trust. 

pons falling due within the taxable year will be considered 
ime for the year, where the books are kept on a cash receipts and disburse- 
basis. If the books are kept on an accrual basis, report the actual amount 
rest accrued on the obligations owned during the taxable year. 

lumerated on Line (tf) are owned in excess of the exemption 



•cported on Line {d), Colu 



page 1 of the return. 



i 6, entered as Item 9 
10. DIVIDENDS 

as Item 10 (a) dividends (1) from a domestic corporation subject to 
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 cor- 
poration organized under the China Trade Act, 1922, or (2) from a foreign cor- 
poration when it is shown to the satisfaction of the Commissioner that more 
than 50 per cent of the gross income of 6uch foreign corporation for the three- 
jretr peri >d ending with the close of its taxable year preceding the declaration of 
such dividends (or for such part of such period as the corporation has been \a 
existence) was derived from sources within the United States, including your 
share of such dividends received on stock owned by a partnership, or an estate or 
i 10 (6) dividends from a domestic corporate 



ust include Federal excise tar 



> space is provided < 

12. TOTAL INCOME 

Enter as Item 12 the net amount of Items I to II, Inclusive, after deductii 
ny expenses reported in Item 1, and losses in Items 2, 5, 7, and 8. 

13. INTEREST PAID 
Item 13 interest paid on personal indebtedness as distinguished from 



Enter 
business indebted 
Do not include 
carry obligati 



should be deducted under Schedule 
indebtedness incurred or continued to purchase < 
■ securities the interest upon which is wholly exempt from 



continued in connection with 



teres t on indebted 
the purchasing or carrying of an 

14. TAXES PAID 

Enter as Item 14 personal taxes and taxes paid on property not used in tour 
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, ta\es imposed upon your interest as shareholder of a 
corporation which are paid by the corporation without reimbursement from 
you, nor income taxes claimed as a credit in Item 38. No deduction is allowable 
for anv portion of foreign income and profits taxes if a credit is claimed in 
Item 33- 

Any deduction on account of taxes should be explained in Schedule E. 
15. LOSSES BY FIRE. STORM, ETC. 

Enter as Item 15 losses of property not connected with your business or pro- 
fession, sustained during the ye - " " 
casualty, or from theft, and if 
See Section 23 (e) of the Revenue Act of 1932. 

Explain losses claimed in the table provided on page 2 of the return. 
16. BAD DEBTS 

Enter as Item 18 all bad debts other than those claimed as a deduction in 
Schedule A. State in Schedule E. (a) of what the debts consisted, (6) when they 



STATISTICS OF INCOME 



231 



17. CONTRIBUTIONS 

t Enter as Item 17 contributions or gifts made within the taxable year to any 
rporation, or trust, or community chest, fund, or foundation, organued and 
operated exclusively for religious, charitable, scientific, literary, or educational 
purposes, or for the prevention of cruelty to children or animals, no part of the 
net earnings of which inurea to the benefit of any private shareholder or Indi- 
vidual. The amount claimed shall not exceed 16 per cent of your net income 



18. OTHER DEDUCTIONS 

r as Item 18 any other authorized deductions for which no space is 
•d on the return. Do not deduct losses incurred in transactions which 
:ither connected with your trade or business, nor entered into for profit. 
e return Is filed for an estate in process of administration, there should 



19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18 



20. NET INCOME 

Enter as Item 20 the net income, which 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 books, unless such method does not clearly reflect your income. 

21. PERSONS REQUIRED TO MAKE A RETURN OF INCOME 



An Income ti 
whether residin, 
States though i 



•eturn must be filed by every oititen of the United States 
; home or abroad, and every person residing in the United 
i thereof, whose gross income for the taxable year 



(6) $2,500 if married and living with husband or wife; 

(c) More than the personal exemption if status of taxpayer changed. 

Individual is single and the net income, including that of dependent 



. . > 51,000 or over, or u* the gross income is $5,000 
return must be filed. If the combined net income of husband and wife, and 
dependent minor children, if any, is $2,500 or over, or if their combined gross 
Income is $5,000 or over, all such income must be reported on a joint return, 
■or on separate returns of husband and wife. In case the husband and wife 
■elect to file separate returns and their combined net income is $5,000 or over, 
«aeh shall make a return on Form 1040. 

If the net income of a decedent to the date of his death was $1,000 or over, 
if unmarried, or in excess of the credit allowed him by Section 25 (c) and (e) 
of the Revenue Act of 1932 (computed without regard to his status as the head 
of a family), if married and living with spouse, or if his gross income for the 
period was $5,000 or over, the executor or administrator shall make a return 
for him on Form 1040 or 1040A. 

Income of (a) estates of decedents before final settlement, (b) trusts, whether 
created by will or deed, for unascertained persons or persons with contingent 



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 was the head of a family 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 
in one household one or more individuals who are closely connected with him by 
blood relationship, relationship by marriage, or by adoption, and whose right 
to exercise family control and provide for these dependent individuals is based 
upon some moral or legal obligation. 

In addition to the personal exemption, a credit of $400 may be claimed for 
each person (other than husband or wife) under eighteen years of age, or inca- 
pable of self-support because mentally or physically defective, who received i is 
or her chief support from the taxpayer 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 affects the personal exemption or 
credit for dependents, changed during the taxable year, the personal exemption 
end 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 
■of a month shall be disregarded unless it amounts to more than half a month, 



r for a trust, an exemption of $1,000 may be claimed. 
23. COMPUTATION TAX 



Surtax. — The surtax for any amount of net income not shown in the table 
below is computed by adding to the surtax for the largest amount shown which 
Is less than the income, the surtax upon the excess over that amount at the 
rate indicated in the table. 

In the case of a bona fide sale of r. 
the surtax on the profit shall not « 
Section 102 of the Revenue Act of 



SURTAX RATES FOR 1933 



A*,™,., 


«■.»» 


p££L. 


Si 


4„. MMta . 


p5S. 


£Si 


A 


B 





A 


B 


C 


$0 to $6,0OO_ _ 


_ 




S62.000 to 


$64,000... 


29 


58,600 


6,000 to 


SIO.IVO 




$4o" 


64,000 to 


66,000... 


30 


9,200 


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 


16,000 to 


18,000... 


5 


320 


72.000 to 


74,O0O_. 


34 


11,800 


18,000 to 


20.000... 


6 


440 


74,000 to 


76,0O0._ 


35 


12,500 


20,000 to 


22,000... 


8 


600 


76.000 to 


78.000... 


36 


13, 220 


22,000 to 


24,000.. 


9 


7S0 


78.000 to 


80,000... 


37 


13,960 


24.0C0to 


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 


30,000 to 


32,000... 


13 


1,700 


86,000 to 


88,000._ 


41 


17, 120 


32,000 to 


36.0O0._ 


IS 


2,300 


SS.OOOto 


90,000... 


42 


17,960 


36,000 to 


38,000... 


16 


2,620 


90,000 to 


92,O00_ 


43 


18, 820 


38,000 to 


40,000... 


17 


2,960 


92,000 to 


94,000_ 


44 


19,700 


40,000 to 


42,000... 


18 


3,320 


94,000 to 


96,0OO._ 


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 


46,000 to 


48,000_- 


21 


4,520 


100,000 to 


150,000_ 


48 


46,460 


48,000 to 


50,000... 


22 


4,960 


150,000 to 


2O0,000_. 


49 


70,960 


80,000 to 


52,000... 


23 


5,420 


200,000 to 


300,000... 


50 


120, 960 


f, 2,0111) to 


54,000... 


24 


5,900 


300,000 to 


400.000_ 


61 


171,960 


54,000 to 


56,000... 


25 


6.400 


400,000 to 


500,O0O._ 


52 


223,960 


66,000 to 


58,000... 


26 


6,920 


500,000 to 


750,000... 


53 


356,460 


58,000 to 


60,000... 


27 


7,460 


750.000 to 1,000,000... 


54 


491,460 


60,000 to 


62.0. HI 


28 


8.020 


1 .000,000 up 




55 





fiscal year basis.— The 

i for a fiscal year ended 

in 1933 shall be computed as If such income were for the calendar year 19^3. 
If income is received from a partnership making its return for a fiscal year 



shall be placed In the lower brackets of the rata .schedule applicable' to 1933, 
and the part of such income attributable t > 1:132 fhall bo placed in the next 
higher brackets of the rate schedule a^plrcablo to 1932. 

Income lax paid to a foreign country or V. S. possession. — If, in accordance 
w.Ui Beotk» 131 ia) of the 1932 Act, a credit iB claimed in Ifc?m 33 for Income 
tax paid to a foreign country or a possession of the United States, submit For;n 
1116 with your return with the receipts for such payments. In case credit is 
;ght for taxes accrued, the form must have attached to it a certified copy of 
which the tax was based, and tho Commissioner may require f 



the return 

bond on Form 1117 for ._ 

paid dm era from the credit claimed. 



payment of any tat found due if the tax whin 



24. ITEMS EXEMPT FROM TAX 

The following items are exempt from Federal Income tax and should not be 
gross i 



included 

(a) Amounts 
death of the insured, 
amounts are held by th 



ved under a life Insurance contract paid by reason of the 

" hether in a single sum or in installments but if such 

agreement to pay interest thereon. 



i of the death of 



included _ ^ 
(6) Amounts received (other than amounts paid by reasoi 
the insured and interest payments on such amounts! under 
endowment, or annuity contract, but if such amounts (when added to amounts 
received before the taxable year tinder such contract) exceed the aggregate 
premiums or consideration paid (whether or not paid during the taxable fear) 
then the excess shall be included in gross income. In the case of a transfer 
for a valuable consideration, by assignment or otherwise, of a life insurance, 
endowment, or annuity contract, or aDy interest therein, only the actual value 

(a) above or this paragraph; 

(c) Gifts (not made as a consideration for service rendered) and money and 
property acquired by bequest, devise, or inheritance (but the income derived 
from such property is taxable and must be reported) : 

" ' iterest upon (I) the obligations of a State, Territorv, or any political 



and obligations of United States possessions; or (3) the obligations of t__ 
United States. In the case of obligations of the United States issued after 
September 1, 1917 (other than postal savings certificates of deposit), the in-, 
terest on 4 per cent and 4Vi per cent Liberty Bonds and Treasury Bonds, owned!;, 
in excess of S5.000, is subject to surtax if the net income is over $6000, and 1 
should be reported (see Instruction 9); 

<<-.) Amounts received through accident or health insurance or under work- 
men's compensation acts, as compensation for personal injuries or sickness, plus 
the amount of any damages received, whether by suit or agreement, on account 
of sucn 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 State or political subdivision thereof to its 
officers or employees for services rendered in connection with the exercise of an 
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 citiien of the United States who is a bona fide nonresident for more 
than six months during the taxable year. The taxpayer in such a case may not 
deduct from his gross income any amount properly allocable to or chargeablo 
against the amount so excluded from his gross income. 

25. ACCRUED OR RECEIVED INCOME 

If your books of account are kept on the accrual basis, report all income 
accrued, even though it has not been actually received or entered on the books, 
and expenses incurred instead of expenses paid. 

If your books are not kept on the accrual basis, report all income received 
or constructively received, such as bank interest credited to your account, and 
expenses paid. 

26. PERIOD TO BE COVERED BY RETURN 

Your return for the calendar year 1933 shall be made on Form 1040. If the 
return is for a fiscal year endirg on the last day of any month, other than 
December, in 1933, Form 1040FY Bhould 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 period shall be made on Form. 
I I2S and forwarded to the collector prior to the expiration of thirty day from, 
the close of the proposed taxable year. 

27. AFFIDAVIT 



agent. If an internal revenue officer ; 
sworn to before a notary public, justice of the 
homed to administer oaths, except an attorney < 



case the legal representative or agent mry execute the affidavit, 
however, making his own return must execute the affidavit. 

The oath will be administered without charge by any collector, deputy 
collector, or internal reven 
available, the return should 
peace, or other person 

agent employed to represent the taxpayer before the Department in connection 
with his tax liability. 

28. WHEN AND WHERE THE RETURN MUST BE FILED 

The return must be sent to the collector of internal revenue for the district 
in which you live or have your principal place of business, so as to reach the 
collector's office on or before March 15, 1934. In case you have no legal resi- 
dence or place of business in the United States, the return should be forwarded 
to the Collector of Internal Revenue, Baltimore, Maryland. 

29. WHEN AND TO WHOM THE TAX MUST BE PALD 

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 person 
except at the Collector's office. 

The tax may be paid when the return is filed, or in four equal installments. 
as follows: The first installment shall be paid on or before March 15, 1934, the 
second installment shall be paid on or before June 15, 1934, the third install- 
ment on or before September 15, 1934, and the fourth installment on or before 
December 15, 1934. 

If any installment is not paid on the date fixed for payment, the whole amount 
of tax unpaid shall be paid upon notice and demand by the collector. 
30. PENALTIES 

For willful failure to make and file a return on time. — Not more than 
$10,000 or imprisonment for not more th a n one year, or both, and, in addition. 



it oftbe amount of the tax. 

For willfully making a false or fraudulent 
or imprisonment for not more than five years 
of prosecution. 

For deficiency in tax. — Interest 
the date the deficiency 



-Not i 



and collection, whichever datt is tt 

of the amount of the deficiency if due t 

tentional disregard of rules and regulations without intent to 



of the 
earlier, and, in addit 

defraud, or 50 per cent of amount of the deficiency If due to fraud. 
31. INFORMATION AT SOURCE 
Every person making payments of salaries, wages, interest, rents, commis- 
sions, or other fixed or determinable income of SI, 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, is 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. 



ng the calendar ye 



be forwarded to the Com- 
of Internal" Revenue, Sorting Section, Washington, D. C, in time to 
be received not later than February 15, 1934. 



232 



STATISTICS OF INCOME 



Form 10-10 a 



(Auditor's Stamp) 



INDIVIDUAL INCOME TAX RETURN 

FOR NET INCOMES OF NOT MORE THAN $5,000 

DERIVED CHIEFLY FROM SALARIES AND WAGES 

For Calendar Year 1933 



TobtAIr 


Mrllhlhe Collector of 


[nt 


•ma! Revenue for your d:»trLcl on or hrtzro 


Much 15.1 






PKINT Kf 




AND ADDRESS PLAINLY BELOW 












°"~ M 









OCCUPATION. 



Do rroJ kritc m tin's space 



iUihitr't SUmpi 



C.Oi CV-et M.O. 



uvir.c with bustxiLd 

i\abl? year? 

iJ of a family 



5. llo". many 'I-jiU'I. fit- (eu-ept husband f>r wife) m-civeJ their 
cbief support trow yuj durint ynux taiable yejr? 

C<. Stuto 'h>.- ;mj nature cf any change 

under questions 3, 1, or 5 during 'bo year 



Ko. INCOME 

1. Salaries, Wages, Commissions, Foes, etc. (St^tc from whom r 



"2. Interest on Bank Deposits, Notes, Mortgages, and Corporation Bonds ... 

3. Interest on bonds upon which a tax of 2% was paid at source 

4. Other Income (including income from fiduciaries, rrsrtnerships, etc.) (State- source): 



K Total Income in Items 1 to 4 

DEDUCTIONS 

A. Taxes Paid 



T Contributions (Expbia on reverse side)... 

8. Other Deductions Authorized by Law (E;p!a 



9. Total Deductions in Items 6 to 8 

COMPUTATION OF TAX 

10. Net Income (Item 5 minus Item 9) - 

11. Personal Exemption. $-- 

12. Credit for Dependents - L^ 

luus Items H and 12) 



13. Balance taxable at 4%, not over $4,000 (Iter 

14. Total Income Tax (4% of Item 13) — . 

15. Less: Income Tax paid at source on tax-free covenant bonds (2% of Item 3). — 

16. Income Tax paid to a foreign country or U. S. possession (Attach Form 1U6).. 

17. Balance of 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 
complete return for the taxable year as stated, pursuant to the Revenue Act of 1932 and the National Industrial Recovery 
Act and Regulations issued under authority thereof. 



(If return is made by agent, the r 

Sworn to and subscribed before me this 
day of , 1934. 



-- suted on this line) 

(Signature o( taxpayer or agent) 
(Address of agent) 



(Signature of ofbeer nir.ii 



'.UK Lv«i WW. 



STATISTICS OF INCOME 



233 









STATEMENT CF COT 


ITRIBUTSONS 










N'AMt 


r Organization 




AjtfOGNT Paid 




NA.HE 


)F OBOANI2iT[ON 


Amount Paid 










s 










S 























NONTAXABLE OBLIGATIONS AND SECURITIES 



Obligations and Slcuriti^s 


Amount Owned 


Interest 
Kli lived 


<a) Obligations of a State, Territory, or political subdivision thereof, or the District of Columbia.. 
(6) Securities issued under Federal Farm Loan Act, as amended, Home Owners' Loan Act 


$ 




s 








(c) Obligations of the United States 











DIVIDENDS FROM DOMESTIC CORPORATIONS 



State the amount of dividends received from domestic corporations subject 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 prosecution. 

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 dale 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 



An Income tat return must be filed by every citiicn of the United States 
whether residing at bome or abroad, and every person n siding in the United 
States, though not a citizen Lh'Teuf, h^\ u.e a gross income (or the calendar year 
19.13 of $5,C00, or over, or a cut income for the same period cf (a) $1,000 or over, 
if single, or if married and not living with husband or wife, or (£>) £2,500 or over, 
if married and living with husband or wife, or (c) more than the pcvsonal exemp- 
tion if the statu; of the t.npav chan^-A during in. taxable year. If the com- 
bined net income of husband aDd wife, including that of dependent amor 
children, if any, is $2,500 or over, or if their combined gross income Ls $c,000 or 
over, either each must make a return, or the income of each must be included 
in a single Joint return. 

Items Exempt from Tax 

(a) Amounts received under a life insurance contract paid by reason of the 
death of the insured. 

(6) Amounts received (other than by reason of the death of the insured) under 
a life insurance, endowment, or annuity contract, cot to exceed the premiums or 
consul, rr.tion paid lor such contract. 

(e) Gifts (not made as a consideration for services) and property acquired 
by bequest, devise, or inheritance (but the incomo liom such property is tax- 
able ami must be reported). 

W) Interest upon (1) obligations of a State, Territory, or a political subdivi. 
■Ion thereof, or the District of Columbia. (2) led. ml Farm Loan bonds and 
Home Owners* Loan Corporation bonds; and O) jII obligations of the United 
States and its possession- ;is to normal lav Interest on Liberty Lionds owned 
in excess of S-5.000 i- subject to Mirt.i.v if (be net inc. me is over SC.0O0. 

<c) Amounts received as accident or health insurance For personal injuries or 
ficaO' -s, plus damans rereived on account of such injuries or sickness. 

(j) Rental value of a dwell. ng house and appurtenances thereof furnished a 
minister or the gospel as part of his compensation. 

(0) Compensation paid by a State or political subdivision thereof to its officers 
or employees fcir St rvices rendered m connection with the exercise of an essential 
governmental function. 

(A) Compensation received for services rendered without the United States 
{except amounts p-aid by the, United States o 
■who is a nonresident for more thai ~"~ 



hi. d, and u) e.irh dtp. nd- : t . 



and corporation bonds, except that interest i 



;ived on bank deposits, notes, mortgages. 



15. Interest on bonds is considered income 
iter as Item 4 all other taxable 
corporations not subject 



Olher income. 



Act of P.JOand dividends on stock of fureien corporal 
trust, and your share (whether received i 
syndicate, pool, Joint venture, etc. 



when due and payable 
income, including dividends 
ome tax under the Revenuo 
no of an estate or 
the prolils of a partnership, 



Taxes.— Ent°r as Item 6 all personal ( 
the year " 

Contributions. — Enter t 



i property paid dtirinft 

" eign income aijil 
i Item 16 of tba 



year to any corpora' .c 



.. ; Item 7 any contributions or gifts made during the 
r fund organized and operated exclusively for n ligj v , 
charitable, or educational purposes. The amount claimed shall not exceed 15 
percent of the net income computed without the benefit of this deduction. 

nts contributed to ejeb in space jbove. 



Personal Exemption and Credits 



taxabib 

__jed and living with husband or wife, 

tion of $2,500. If Husband and wife hie separate returns. 



i head of a family 



B family control and provide for these dependent individuals is based upon 



iv ho furu:shes the chief support, and e 



i th^n L_uf a month 



of a month shall be disregarded unless it amounts to t 
in which cjm it shall be considered as a month. 



General Information 



iilable. the return should be sworn to before a person authorized to admin- 
ister oaths, except an attorney or atvot employed to represent the taxpayer 
before the Department in connection with his tax. 

Returns.— File thw return with the Collector of Internal Revenue for thd 
district in which you reside on or before March 15, 1934. 

Tax.— The lax may be paid at tune of tiling the return, or in four equal in- 
stallments payable quarierly. 



234 



STATISTICS OF INCOME 



(Auditor** SUmp) 



CORPORATION INCOME AND EXCESS-PROFITS TAX RETURN 
For Calendar Year 1933 

File Thia Return with Ike Collector of Internal Rercnue lot Your Diitricl on or Before March IS, 1934 





PRINT PL*. 




•SNAh 


IE AND BUSI 


NESS ADDRESS 








lime) 










ia.r«,. 


si ran 


"*" 




(Pwlolllce and Elate, 


It u Euential, Eieept Where OHterwise Proridcd in Ihe Instructions, Thai Thii Form be Completely FiHed 
In Irrr-jptrhre of Anjr Statements, Schedules, or Report! Submitted Herewith 


Date of In 


corpora,,,,,, 











Page 1 of Return 



ICuhWa Stomp) 



Caah Cnock 



UnJir ft; Laws of What Slab or Country _ _ _ V. _ _ 

Tke Oporition'i Bool, ore in Core of — located al _ 

Kind of Buaineaa _^_ ... la Thii o Con.olidated Return? ._ _ If w, of How Many Corporation.? _ 

If a Foreign Corporation, Slate Whether Resident or Nonre.idenl _ ..: if Nonreaident. Slate Amount of Income Eacluded iln^ruciioo t:> From Croaa Income, t.. 



1. Gr. 



, .= „!. 



GROSS INCOME 

Less Returns and 
„ ___ ; Allowances, 5 



Less Cost of Goods Sold: 

(a) Inventory at beginning of year —_ 

(6) Material or rt.ercl.aod.se bought for manufacture c 

(c) Miscellaneous Costa (From Schedule A, Column 1): 

(1) Salaries and (2) Other 

wages, S ; coats. S 

(d) Total of lines (a). (6). and (c) 

(e) Less inventory at end of year 

Gross Profit from Sales (Item I minUB Item 2) 



Gross Receipts (where in 
Less C0Bt of operations (Fro: 



6. Cross Profit where 



e not an income-detcriuiuing factor) ]S L. 

(6)° Other" 
; costs, & ; Total.. . 1 |... 

lot an income-determining factor (Item 4 minus Item 5) 



Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits), etc 

(o) Profit from Sale of Stocks and Bonds held 2 years 
(b) Profit or Los3 from Sale of all other Assets. (From 



less. (From Sched 
;duJeB, Total ((>))„ 



s not subject to t 



(Act of 1932.„ 

under Title I of Revenue Act of 1932.. 



( necessary)-. 



(6) Domestic Corporat 

(c) Foreign Corporatio 

Other Income (State nolurooME 

Total Income in Items 3, and 6 to 12, inclusive _«.,„™ 

DEDUCTIONS 

Compensation of Officers (From Prhedule C) _.....— ^ 

, Rent on Business Property.. „ 

, Repairs (From Schedule D) (a) Salaries and Wages, S- (ft) Other Costs, I... 

Losses by Fire, Storm, etc (From Schedule Fi „ 

Dividends (Froa Schedule II) _ 

Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From 
Depletion of Mines, Oil and Gas Wells, Timber, etc. (Submit schedule, set lnstruui 
Other Deductions Authorized by Law (Explain below, oron separate sheet): 

(a) Salaries and wages (Not Included in Items 2, 5, h, or 16 above) 



m 



COMPUTATION OF TAX 



IMOMI T.l 


E^PnonraT., 


„ „„, ,,,„. ,,,„,„ 


1, 






31 Net I 


com 1 .I OT Ex«^rroDuT a iC mp U Ullon l It«inI« ll ,hovc)L 








* ^SilTZrirctur" 




t 








13 ^_ of % vftJut of a 








Id Ht Source 1 










declared In yonf m.niiil m.. k u.i reuirt, lot yi-at 
Flt--li it* si-ji.tr ill i 1. .lt'il. fr.l r. : v.-iti ended June 30. 

I'M,, l,V III.-.. ITI.T. I..T.., f M.fMl'lllf.l,.. ,-r.-U,. Mil ],Tl 

int Subject 10 F.cess-profii* Tu (Item 33 minus Item 33). 












ai tni i of [imotdbTi 


m.m amino,,,™,!, and JO) Is 1 1. 




t. 









An ameBiled return i 



l be marked "Amended" al top of return. Check* and drafts will be accepted only If payable at par. 



STATISTICS OF INCOME 



235 



Page 2 of Return .SCHEDULE 


K— BALANCE SHEETS 


(See Instruction 46) 














- 




BiontNTno or Tizabls Yb*» 


Ritd or Tiiiiut Yt&a 




»— « 


Total 


A»™ 


Total 


ASSETS 


s 








S 





— 


— 
























































4. Inventories: 


















s 


__ 


— 


— 






































































































6. Invest merits (nontaxable): 

Obligations of a State, Territory, or any po- 
litical subdivision thereof, or the District 
























.._ 










Securities issued under the Federal Farm Loan 
Act, or under such A etas amended, and ob- 




......... 





— 










Obtigations of the United States....: 












6. Other investments: 

Stocks of domestic corporations 


$ 








— 










t 








— 
















| 










1 












7. Deferred charges: 


















s 


_._.. 















Pre ' 
























6. Capital assets: 


*. ... 
















s 







— 
































— 


— 
















Delivery equipment 














































$ 


















Loss reserves for depreciation (except on 
land}.- 

































— 


— 


s 


— 


— 




— 


— 












11. Other assets (describe fully): 










































LIABILITIES 


















$ 








J — 




— 














— 






— 


— 


— 




16. Mortgages (including bonds and notes bo secured). 

17. Accrued expenses: 




._... 














All nlhr- 




















18. Other liabilities (describe fully): 


















s 


• — 




— 










1 




10. Capital slock: 


















$ 


— 




— 








































s 


.._.... 


— 


— 






















72 ToT.t T.i.Brtrrrr* 


. 










s 










5984- 



236 



STATISTICS OF INCOME 



SCHEDULE L— RECONCILIATION OP NET INCOME AND ANALYSIS OF CHANCES IN SURPLUS 



Page 3 or Return 













IU: D ««,o. 










U) iLtarftst oj obi 1 jailor) of * Bute. Teniiory, or any pollueal 










ibi rr S^TpT^ sr SX£i 










(b, Intanst "a securities Issued und* tbo Faderd Farm Loan 










Fed ral Lai Id on tai Ctm covenant bonds 










(e) Interest on oi.1iijnflr.ns r,l the l/nited Slat." or Its possessions. 
<J) Dividends deductible under Sot lion 3 0?) ol ibo Kevenue 










w G ^V^Z v T^T a UDd[as ta iDmtM lb8 """* * 


















(o F ^^ d on ^^ 4U ' oos - » *<*™«» *••**» 










«, ^ W ^U, : ,-,.-»pd, ^dupo^d^-bo.lno 










n !aoenw vtis 










( ' 01 tier iionn ot non'.aiat.lo income (to Iw detailed): 










ployee wuoro tbo corporation Is directly or todLrecUy a 












(A) InWTMt on In dthiednf ; Incurred or cont 1 .nod to purcnase 
or carry obligations or securities tbo Interest upon which 




















































</) Addition! tore^rves fcr contingencies, etc. (to bedetaJed): 






















































































. 












Ot 






















* ToUrrora Line 1C 








7. HM proOl -or year. « .b.- -7 books, before any adjustments 










11. Dividends paid during the laiablo year [state whether pal.] In 










> BU.-PUU w , MM pro*. « *» by ^>M .t close 












' 










(6) Dole paid Charts 










S. Olot* credit to sur-plia (to be detailed): 










































16 Otner dcbiU to surplus (to bo dualled): 






















































li Surplus and iMdM led profits u shown by butane* <bc*t at close 


s 








IT Total of Uses IS and IS 


. | 






NET INCOME OR DEFICIT REPORTED IN RETURN FOR 1932 BEFORE 
DEDUCTING NET LOSS FOR PRIOR YEAR 


AFFILIATIONS WITH OTHER COB 


PO RATION 3 

If so, procure from the 
S51, Affiliations Schedule, 


1 Enter amount of net income or deficit fcr 1932 before 


Collector of Internal Revenue for your district Forrx 


2. Enter amount deducted in return for 1932 as net loss 

KIND OF BUSINESS 

3. State the mair? business engaecd in, also whether acting as principal or as 


which shall be filled in, sworn to, and filed as a part, of this return. 
141 of the Revenue Act of 1032 and Instruction 41. 

5. Was the income of this corporation included in a consolidate 
the prior year? 

If so, give name of corporation which filed the consolidated retu 


d return for 








PREDECESSOR BU 


Cheek the proper Mock below to indicate the general industrial division in 
which the corporation's main Income-producing business falls: 

| | Agriculture and related industries, including fishing, forestry, ice harvest- 

1 J . ing, etc.; also leasing of such property. 

1 Mining and quarrying, including gas and oil wells; also leasing of such 
l_J property. 

Manufacturing — 

J Food products and beverages. 
j Tohacco. 


G. Did the corporation file a return under the ea 

taxable year? Was the corporation 

result, continuation, or reorganisation of a busincs. 
during this or any prior year since December 31, 10 
is "yes," give name and address of each predcccsso 


me name for the pree 
in any way an OUtgr 




r business, and the d 






Textiles and textile products. 
1 leather and leather products. 
1 Rubber and related products. 
1 Lumber and wood products, including Sber furniture. 

Paper, pulp and products. 


Upon such change were anv asset values increased or decreased? . 
If the answer is "yes," closing balance sheets of old business and ope 
sheets of new business must be furnished. 

BASIS OF RETURN 

7. Is this return made on the basis of cash receipts and disbursemc 
If uot, describe fully what other basis or method was usc-i in co 


aing balance* 


mputing net 


Printing, publishing, and allied businesses. 

Chemicals and allied products, including petroleum products. 
I Stone, clay, and glass products. 
1 Metal and metal products, in hiding precious metals and products. 




VALUATION OF INVENTORIES 

S. 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 was 

used, describe folly, state why used and the date inventory was last reconciled 


1 Other manufacturing. 




1 — | Construction — excavations, buildings, bridges, railroads, ships, etc.; nlso 
I equipping and installing operating systems, devices, or machinery wiUi- 






1 1 Transportation — rail, water, aerial, motor, etc.; also leasing of such 

|_J faeiht.es. 

1 . Puhlfc utilities — electric lipht or power, zui 'artificial or natural, pipe' 

1 lines, telephone, l<.'lei-i|.|> or r idio, waterworks, heating, toll bridges, 
1 ■ etc.; also le.-t.sing of such utilities. 

| Storage — cold storage, grain elevators, warehouses, safe deposit vaults, 
| | etc.; also leasing of such property. 




LIST OF ATTACHED SCHEDULES 

9. Enter below a list of all schedules accompanying this return, giving for each 
a brief title and the schedule number. The name :\nd address of the corporation 
should be placed on each separate schedule accompanying the return. 


] Trading — wholesale, retail, or commission. 

| Service — professional, business, nrauscment, and domestic, including 
1 1 hotels, restaurants, laundries, etc. 


- - 




| finance — Panics and other baa-nail organizations, insurance, real estate; 

















STATISTICS OF INCOME 



237 



Tli.RO 4 ot Rctu 



SCHEDULE A < v.v Injrfri,":^ : ni 5 



i INCOMtD£TtRMlf<iNG FACTOR) 



rEat*ra»lU>m3(m 



? J Salaries ani , 

I Other costs-.. 



SCHEDULE B— PROFIT FROM SALE OF STOCKS. BONDS, RF.VL E^TlTE. ETC. (See Instruction 10) 


1 KHC» ft r»TEBTT 


: rut* 


*■&? 


«3S 


•■- kiES ; ^'|S 




<■' 


"SST" 


a Stocks and bonds * 
held 2 years or less: 


.Mo. Van >'«' 






ii 


...... 


II 


* 










I J L x = BSI | a -| n x,xB» 


II 














i 1 | „„„!„!„,„, 








T<-Tal (o> transfer net 


^^ v 


* X X X X 


1 \i S „„,I,,I I ,,„, 


X s 


X I . . J* 


US.. 




■ -,.!-, 






.._.. 






s 












i r i 









""" i 1 ! i i 












7 tal b transfer net 
profit or loss to Item 


1 1 1- 1 L L 





































SCHEDULE C- roMrtSSlTIKN OF OFFU 












l/k.ta... 


o™„ 


2. Omcu.L TllLE ' 


."'/.%," 


PaARM OK ?T 


ca QrvKu 


(Em" 


Ol'WT of 




«. Co»».,, | 


« -I^lMrt 


«»•»") 










! 












| 
























j 
















_ 1 







SCHEDULE D— COST OF REPAIRS (See- Instru. I...n K.' 



SCHEDULE E— TAXES PAID (See Instruction 18 



SCHEDULE F- EXPLANATION OF LOSSES MY FTRE. STORM I T< I 






..^orP.orss,, 


z. Date Acqcaea 


ISmSEaibXSl ""aSIJSlSrS 


iuS'.""*a°c, 


\2E2&i£? ^..SSTJK.VP 










. 






. 


L 












1 


















1 1 
















I._JZI 



































SCHEDULE G— BAD DEBTS (See Instruction 20) 


SCHEDULE H— DIVIDENDS DEDUCTIBLE (See Instructs 


n21) 






Vcco?,," 


S. IUd Debts 


1. Kiwi of CO-UOSinoM 


AMOCMT OF DOTBEMM 




in—* 


I For,**, 












* 
































































































SCHEDULE 


FvpilN*TloN or ninnrTloN FOR DFPRF.CIATION 'Sec Instruction 22) 








..->». 


.Paoraav, 


ID 


ITS ACOUIUD 


■a-sst 


kErxsSiisz 


..cce. 


VtlAuACW !.,'•' l'(...i 


'' DE (" K AUO°w.iJ^f Wtt ' 




IL '"l 


rsa 
















« 




1 





















[ 




::::: 










1 










1 





AFnDAVIT 

We. the undersigned, president (or vice president, or other principal officer) and treasurer hiiiM L^^^^^SS^ta^K^-Sijtoed 
mane, beine severally duly sworn, each for himself deposes and says that this return, inelud.nc the ho. "i.T" '»< h,''v " ,"«, , . . \ , , W, ,,'• \, t , 
• > him and is, to the Lest ot his knowledge and belief, a true and complete return, made in good laith, for the tajable year elated, pursuant to the Revenue Act ot 
1932 and the National Industrial Recovery Act and the Regulations issued thereunder. 



Sworn to and subscribed befere me this . 






.., 1931. 



(president Olouier piUidBiU officeri (StAl« il 



(Simomre otoflloei adminisierUi! oatb) 



See Instruction 52. Attach a seoarate sheet U any of the above schedules do not provide sufficient i 



238 



STATISTICS OF INCOME 



***** 1 of Infraction. INSTRUCTIONS 

The Instructions Numbered 1 to 26 on this Page Correspond with the Item Numbers on Page I of the Return 



CROSS INCOME AND DEDUCTIONS 

1. Grass sstas — If engaged In business where inventories sxe so Income- 
dfltennining factor, enter as Item 1 on psge I of the return, the gross sales, teas 
goods returned and any allowances or discounts from the sale price. 

BsassSi Insurance companies, and other corporations required to submit state- 
ments of income and expenses to any national, State, municipal, or other public 
officer may submit with the return a statement of income and expenses in the 
form famished to such officer. In lieu of the information requested In Items I to 
25 of the return, except that a railroad company will submit with the return s 
statement on Form 1090. In such eases the taxable net income will be recon- 
ciled by means of Schedule L on page 3 of the return, with the net profit shown 
by the income and expense statement submitted, and should be entered ss Item 
2d on page 1 of the return. 

2- Cost of goods sold. — Enter as Item 2 the information requested on lines 
(o) to («) and list In Column 1 of Schedule A on page 4 of the return the principal 
items of coat, including the amount entered on line (c), the minor Items to be 
grouped in one amount. Enter as salaries and wages on line (e) 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 
factor in the trade or business, inventories of merchandise on hand should be 
taken at the beginning and end of the taxable year, which may be valued at cost, 
or cost or market, whichever is lower. Enter the letters "C," or "C or M,'' 
immediately before the amount column on lines (a) and (t) under Item 2, if the 
Inventories are valued at either cost, or cost or market, whichever is lower, and 
explain fully in answer to question 8 on pago 3 the method used. In case the 
inventories reported do not agree with the balance sheet, attach a statement 
explaining how difference occurred. 

3. Gross profit from sales.— Enter as Item 3 the gross profit from business in 
I'Jch Inventories are an income-determining factor, which is obtained by 

deducting Item 2, the cost of goods sold as extended, from Item 1, the net sales. 

4. Gross receipts from business In which Inventories are not an Income- 
determining factor. — Enter as Item 4 the gross receipts or operating revenue. 
(See also second paragraph of Instruction 1, above.) 

6. Cost of operations. — Enter as Item 5 the cost of operations and list in 
Column 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 
by this return, of individuals employed (exclusive of officers and firm members). 

6. Groes profit from business In which Inventories are not an Income- 
determining factor. — Enter as 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 ss 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 6 the gross amount received ss royalties. If a 
deductioo is claimed for depletion, it should be reported as Item 23. 

10. Profit or loss from sale of stocks, hoods, real estate, etc — Report sales 
of property according to the two classes designated in Schedule B: (o) Stocks 
and bonds as defined In Section 23 (t), Revenue Act of 1932, held 2 years or less 
(including also those held more than 2 years if not capital assets); and \b) all 
other assets (including stocks and bonds which are capital assets). 

Describe the property briefly in Schedule B, and state the actual consideration 
or price received, or the fair market value of the property received in exchange. 

be 



Expenses connected with the sale, such as < 
deducted in computing the amount received. 

If gain or loss is computed on March 1, 1913, va 
11*13, value must be shown and full information giv 
value was determined. If the amount shown as cc 



i paid agents, : 

both cost and March 1, 
s to bow March 1, 1913, 
i other than actual cash 
cost of the property sold, full details must be furnished regarding the acquisition 
of the property. 

Enter as depreciation the amount of exhaustion, wear and tear, obsolescence, 
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 sustained before that date. See Section 1 13 of the Revenue Act of 1932. 

Subsequent Improvements include expenditures for additions, improvements, 
and repairs made to restore the property or prolong its useful life. Do not deduct 
ordinary repairs, interest, or taxes in computing gain or loss. 

No loss shall be recognized in any sale or other disposition of shares of stock or 
securities where the corporation has acquired substantially identical stock or 
securities within 30 days before or after the date of such sale, unless the corpora- 
tion is a dealer in stock or securities in the ordinary course of business. 

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, and the sales and ex- 
changes of which are to be reported in Schedule B (a), shall be allowed only to 
the extent of the gains from such sales or exchanges (including gains which may 
be derived by a taxpayer from the retirement* of bis own obUgations). See 
Section 23 (r) and (t) of the 1032 Act and Section 21S of the National Industrial 
Recovery 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 Seetfoa 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 Commissioner that more than 50 per cent of the gross 
income of such foreign corporation for the three-year period en<ling with the 
close of its taxable year preceding the declaration of such dividends (or for such 
part of such period as the corporation has been in existence) was derived from 
sources within the United States. Enter as Item 1 1 (6) dividends from a domes- 
tic corporation not subject to taxation under Title I of the Revenue Act of 1932. 
Enter as Item 11 (e) dividends from a foreign corporation other than a foreign 
corporation described in (2) of this paragraph. 

12. Other Income. — Enter as Item 12 all other taxable income for which no 
space is provided on the return. 

13. Total Income.— Enter as Item 16 the net amount of Items 3, and 6 to 12, 
inclusive, after deducting any losses reported in Items 3, 6, and 10 (b). 

14. Compensation of officers. — Enter as Item 14 the compensation of all 
officers. In whatever form paid, and fill in Schedule C, giving the information 
requested. 

15. Rent — Enter as Item 15 rent paid for business property In which the 
corporation has no equity. 

16. Repairs, — Enter as 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 return, 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 cr better* 
ments which Increase the value of the property are chargeable to capital account. 
Expenditures for restoring or replacing property are not deductible, as such ex- 
penditures are chargeable to capital accounts or to depreciation reserve, depend- 
ing cm how depreciation is charged on the books of the corporation. 

17. Interest- — Enter as Item 17 interest paid on business indebtedness. Do 
not include interest on indebtedness incurred or continued to purchase or carry 
obligations or securities the Interest upon which is wholly exempt from taxatioa. 

18. Tlxcs. — Enter as Item 18 taxes paid or accrued during the taxable year. 
Do not Include Federal Income taxes, income taxes claimed as a credit :n 
Item 30, 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 credit is claimed in Item 30. 

19. Losses. — Enter as Item 19 losses sustained during the year and not com- 
pensated for by insurance or otherwise. Losses of business property arising from 
fire, storm, shipwreck, or other casualty, or from theft, should be explained in 
Schedule F. giving the information requested. 

20. Bad debts.— Enter ss 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 wort! Jess and have been charged off within the year, or such reason- 
able amounj as has been added to a reserve foi bad debts within the year. 

If the debts ore included in the deduction claimed, submit a schedule showing 
the amounts charged off, and stats bow each was determined to be worthless. 
If the amount deducted is an addition to a reserve, enter in Schedule G the 
amount of sales oharged on account, and the amount of bad debts charged off, 
for each of the years indicated. 

A debt previously charped off as had, V subsequently collected, must be 
returned as income for the year in which collected. 

21. Dividends.— Enter as Item 21 and describe In Schedule H divideodi 
reported as income in Item 11 (a). 

22. Depreciation. — The amount deductible en account of depreciation in Item 
22 is an amount fairly measuring the portion of the investment in depreciable 
property by reason of exhaustion, wear and tear, or obsolescence, which Is prop- 
erly chargeable against the operations 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 its useful life. In case thj 
property was purchased prior to March 1, 1913, the amount of depreciation will 
be determined in the same manner, except that it will be computed on its original 
cost, less depreciation sustained prior to March 1, 1913, or the fair market 
value as of that, date, whichever is greater. If the property was acquired ia 
any other manner than by purchase see Section 114 of the Revenue Act of 1932. 
The capital sum to be replaced should be charged off over the useful life of the 
property either in equal annual installments 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 oe 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 
ore 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 bo filled 
in, and the total amount claimed therein should correspond with the figures 
reflected in the balance sheet. In case obsolescence is included, state separate!/ 
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 wera 
ptirchftfli-d 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 be shown and if the cost of any asset has been fully 
recovered through previous depreciation allowances, the cost of sueh aasct 
must not be included in the cost shown in the schedule of depreciable assets. 
Sc« Sections 23 (k) snd 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 Lave been filed with Questionnaire in previous years, 
then file with this return information necessary to bring your depletion scb-eduls 
up to date, setting forth in full statement of all transactions bearing on deduc- 
tions or additions to value of physical assets with explanation of lot depletion 
deduction for the taxable vear has been determined. See Sections 23 (l) and 
114 of the Revenue Act of 'l 932. 

24. Other deductions. — Enter other deductioDs authorized by law and 6Ja 
with the return a schedule showing; how each deduction was computed. 

25. Total deductions.— Enter as Item 25 the total of Items 14 to 24, inclusive. 

26. Net Income.— Enter as Item 26 the net income, which is obtained by 
deducting Item 25 from Item 13. The net income of a corporation shall be 
computed upon the banis 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. 

CREDIT FOR TAXES 



2S. If, in accordance with Section 131 (a) of the Revenue Act of 1932, a 
credit is claimed by a domestic corporation in Item 30 on account of incom-? tax 
paid to a foreign country or a possession of the United States, Form 1 1 IS s'ould 
be submitted with this return, together with the receipt for each such tax pay- 
ment. In case credit is sought for taxes accrued but not paid, the form must 
have attached to it a certified copy of the return on which each such accrued tax 
was based, and the Commissioner may require a bond on Form 1119 for the pay- 
ment of any additional tax found due if the foreign tax when psid differs from 
the amount claimed. A foreign corporation U not entitled to claim this credit. 

EXCESS- PROFITS TAX 

29. The excess-profits tax is imposed upon the net Income of every corpora- 
tion for each income-tax taxable vear ending after the close of the first year in 
respect of which it is subject to the capital-stock tax imposed by Section 215 
of the National Industrial Recovery Act. The excess-profits tax is equivalent 
to 5 per cent of such portion of the corporation's net income for such income- 
tax taxable year as is in excess of 12}4 per cent of the adjusted declared value 
of its capital stock (or in the cose of a foreign corporation the adjujted declared 
value of capital employed in the transaction of its business in the United States) 
ss of the close of the preceding income-tax taxable year (or as of the date of 
organisation if it had no preceding income-tax taxable year) determined as 
provided in Section 215. No variation between the adjusted declared value of 
capital stock set forth in the capital-stock tax return and the adjusted declared 
value embodied in the exeese-prcfita tax return is permissible. The term 
"income-tax taxable year" means the calendar year, or the fiscal year ending 
during such calendar year, upon the basis of which the corporation's net income 
is computed and its income tax returns ore made under the Revenue Act of 1932. 
The term "net income" and other terms used in Section 216 of the National 
Industrial Recovery Act have the same meaning as vihen used in the Revenue 



Act of 1932. 



STATISTICS OF INCOME 



239 



Page 3 of Instruction* 

LIABILITY FOR FILING RETURNS 

30. Corporations generally.— Every domestic or resident corporation, jolnt- 
*toek company, amociatioo, or insurance company (other than a life insurance 
company) not specifically exempted by Section 103 of the Revenue Act of 1032, 
whether or not having any net income, must file a return of income on this form, 
or oo Form 1 I20A if for a fiscal year. Every corporation which is subject to the 
capital-stock tax imposed by Section 215 of the National Industrial Recovery 
Act must make an excess-proSta tax return for each income-tax taxable vear 

■ending after the close of the first year In respect of which it is subject to the 
capital-stock tax. For the calendar year 1933 a combined return for income and 
■ excess-profits tax purposes must be made on this form. 

31 . Corporations In possessions of the United States.— Domestic corporations 
iMthin the possessions of the United States (except the Virgin Islaads) may 
report as gross income only gross 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 close of the taxable year (or such part thereof as 
may be applicable) was derived from sources within a possession of the United 
States; and (o) 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 possession of the United States. 

32. 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 agency through which is transacted the business in the United States. The 
net income should be computed in accordance with Section 119 of the Revenue 
Act of 1932. 

Any foreign nonresident corporation excluding from gross income from sources 
within the United States income of the type *pectfied in Section 1 19(a) (l)(Aj(B) 
or (C) of the Revenue Act of 1932 must file with its return a statement setting 
forth the amount of such income and such information as may be necessary to 
enow that the income is of the type specified in those paragraphs. A foreign 
corporation engaged in trade or business within the United States or having an 
office or place of business therein is a resident foreign corporation. 

ASSURANCE COMPANIES 

33. life Insurance companies.— A life insurance company issuing life Insurance 
and annuity contracts (including contracts of combined life, health, and accident 
insurance), as defined by Section 201 of the Revenue Act of 1932, shall file its 
tax return on Form 1120L, instead of this form. 

34. Muiuu! Insurance companies. — A mutual insurance company (other than 
a Ufc 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 oet addition required by law to be made within the taxable year to reserve 
funds (including in the case of an assessment insurance company the actual 
deposit of Bums with State or Territorial officers pursuant to law as additions 
to guarantee or reserve funds); and (©) the sums other than dividends paid 
within the taxable year on policy and annuity contracts. 

35. A mutual marine insurance 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 34 above, unless otherwise 
allowed, may claim as a deduction in Item 24 of the return amounts repaid to 
policyholders on account df premiums previously paid by them, and interest 
paid upon such amounts between the ascertainment and the payment thereof. 

36. A mutual insurance company (including interinsurance and reciprocal 
underwriters, but not including a mutual life or mutual marine insurance com- 
pany) requiring its members to make premium deposits to provide for losses 
and expenses, in addition to the deductions allowed a corporation, and to a 
mutual insurance company in Instruction 34 above, unless otherwise allowed, 
may claim as a deduction in Item 24 of tho return, the amount ot premium 
deposits returned to its policyholders and the amount of premium deposits 
retained for losses, expenses, and reinsurance reserves. 

37. 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 
Det income from interest, dividends, and rents. 

38. Benevolent life insurance associations of a purely local character, mutual 
-ditch or irrigation companies, mutual or cooperative telephone companies, or 

like organizations are exempt from taxation only if 85 per cent or more of the 
income consists of amounts collected from members for the sole pu.-pose of 
' meeting losses and expenses. 

39 Other Insurance companies. — The net income of an insm 
(other than a life or mutual insurance company referred to abo' 



company 
the gross 
,ble year from investment income and from 
u.g income, computed on the basis of the underwriting and investment 
I the Annual Statement approved by the National Convention of 
: Commissioners, plus the gain from the sale or other disposition of 
property, less the deductions for ordinary and necessary expenses, interest, 
, losses, bad debts, depreciation, etc , as provided in Section 204 of the 



! Act of 1932. 



CONSOLIDATED RETURNS 



40. 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 
rtturn in lieu of separate returns. The making of a consolidated return, and 
the determination, computation, assessmeut, collection, and adjustment of tax 
liabilities under a consolidated return, are governed by Regulations 78. If a 

■consolidated return is made for any taxable year, a consolidated return must 
be made for each subsequent taxable year. 

41. The parent corporation, when filing a consolidated return on this form, 
tr.ai; attach thereto a schedule showing the names and addresses of all the 
corporations included in the return. Each taxable year each subsidiary must 
prepare t»o duplicate originals of Form 1122 consenting to Regulations 78 and 
authorizing the making of the return on its behalf. One of such forma shall be 
at'-ached to the consolidated return as a part thereof, and the other shall be 
filed, at or before the tune the consolidated return is filed, in the office of the 
collector for the subsidiary's district 

42 Supporting schedules shall be filed with the consolidated return. These 
schedules shall be prepared in columnar form, one column being provided for 
each corporation included in the consolidation, one column for a total of like 
items before adjustments are made, one column for intercompany eliminations 
and acjustmcate, and one column for a total of like items after giving effect to 
lue eliminations and adjustments. The items included in the column for 
« 'umoations and adjustments should be symbolized to identify contra items 
affected, and suitable explanations appended, if necea°Ary. Similar schedules 
fhall also contain in columnar form a reconriliation of surplus for each corpora- 
tion, together with a reconciliation of the consolidated surplus. 

43. Consolidated balance sheets as of the beginning and close of the taxable 
Mar of the proup eha.l accompany the consolidated return prepared in a form 
similar to that required for reconciliation of surplus. 

44. An affiliated group of corporations as defined by Section 141 of the Revenue 
Act of 1932, as amende.! by Section 218(e) of the National Industrial Recovery 
Act, which pursuant to that section has the privilege of making a consolidated 
income-lax return, and has exercised such privilege, shall make a consolidated 
e-.eess-pronts tax return. The excess-profits tax shall be computed oo such 
portion of the consolidated net income for the income-tax taxable year of the 

-^dialed group as is in excess of 12% per ceut of the combined adjusted 



declared value of the capital sfoek of those members of the group subject to 
capital-stock tax as separately returned under Section 215. In the case of a 
corporation which is a member of ma affiliated group for a fractional part of the 
year, the consolidated excess-profits tax return shall include the income of such 
eorporatiou for such port of the year as it is a member of the affiliated group, 
and a like proportionate part of the adjusted declared value of the capital 
stock of such corporation shall be included in the combined adjusted declared 
value of the capital stock of the affiliated group. 

WORKING PAPER3 

45. Every corporation should preserve, for inspection by a reveoue 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 tho books, or any differences should be reconciled. The balance sheets 
for a consolidated return should be furnished in accordance with Instruction 43. 
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 taxable year. 

In case the balance sheet as at the beginning of the current taxable year does 
not agree in every respect with the balance sheet which was submitted as at 
the end of the previous taxable year, the differences should be fully explained 
in the space provided under Schedule K. 

PERIOD COVERED 

47. Except in the case of the first return the corporation shall make its return 
on the basis upon which the return was made for the taxable year immediately 
preceding unless, with the approval of the Commissioner, a change la made in 
the accounting 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 euch change shall be made oo Form 1128 
and forwarded to the collector prior to the expiration of 30 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 amount thereof by 12 
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 ae the number of 
months in euch period is of 12 months. 

TIME AND PLACE FOR FILING 



located so as to reach the collector's office on or before* March 15, 1934. In 
the case of a foreign corporation not having any office or place of business in 
the United States the returns shall be filed on or before June 15, 1934, with the 
Collector of Internal Revenue, Baltimore, Marylaod. 

51. The Collector 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 a 
foreign corporation having no office or place of business in the United States 
but having an agent in the United States shall be swom to by such agent. If 
receivers, trustees in bankruptcy, or assignees are operating the property or 
business of the corporation, such receivers, trustees, or assignees "h^lf execute 
the return for such corporation under oatb. 

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, 1934, the second installment shall be paid oo or 
before June 15, 1934, the third installment oo or before September 15, 1934, 
and the fourth installment on or before December 15, 1934. 

If any installment is not paid oo 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 wfUfol fall ore to make and file 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. 

55. For willfully making a false or fraidnlent return.— Not more than $10,000 
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 tbe 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 
earlier, and in addition 5 per cent of the amount of the deficiency if due to 
negligence or intentional disregard of rules «nd regulations without intent to 
defraud, or 50 per cent of the amount of tbe deficiency if due to fraud. 

UNDISTRIBUTED PROFITS 

57. If any corporation is formed or availed of for the purpose of preventing 
the imposition of any internal -revenue tax 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 bo 
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 Statea 
issued after September 1, 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- 
poration. See Section 104 of the Revenue Act of 1932, as amended by SectioD 
214 of the National Industrial Recovery Act. 

INFORMATION AT THE SOURCE 

53- Every corporation making payments of salaries, wages, Interest, rent, 
commissions, or other fixed or determinable income of 81,000 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 $500 or more to a person, 
a partnership, or a fiduciary, is required to make a return oo Forma 1096 and 
1099 showing the amount of such payments and the name aod address of each 
recipient. These forms will be furnished by any collector of internal revenue 
upon request. Such returns covering tbe calendar year l<W3jnuet be forwarded 



240 



STATISTICS OF INCOME 



Form l liio L 

TREASURY DBPARTMBNT 

iK-reami. aiTwci Suvica 


INSURANCE COMPANY INCOME TAX RETURN 

FOR COMMOTES ISSUING LIFE tm ANNUiTT CONTRACTS. INCLUDING COMBINED LIFE, 
HEALTH, AND ACCiDCTT INSURANCE 

For Calendar Year 1933 

Fib TUi Rata* wA the Cahct* •! bhnal baa tsr Tax Dubfct a m Refer, K«<1 IS, 1134 


Do Not Write in Thou Sottas 


(Auditor'* Stamp) 


Mi 

Cob _. 




Send 








PIUKT PLAINLY COMPANY'S, NAME AND BUSINESS ADDRESS 


(C~kWa Stea?) 




CN«»> 






(Blmt tad Nomha) 






(Port uSu. aod 8bUe> 


Cub Cixck M. O. CiiU^.,iX 






FlntPairo*at 
1 




L Lin DKrABTHBtT 


1 Or™ Dsn.nu.ro 


3. TOT.L 


1. Interest on Loans, Notes, 'Mori 

2. Dividends on Stock of: 

(a) Domestic Corporations 
(6) Domestic Corporations 


Dcro«it« el 


















































































3- Rente (attach, echedule) 




















4. Total Income m Items 

D 

5. Interest Exempt from Taxatio 




8 








$ 










EDUCTIONS 


















s 








Res F da (Item 11 Schedule A) 








































8. Two per cent of the Reserve E 


Id for Defe-TOd Dividends. 




















. . . , 




















10 T 




















11 Other Real Estate Expem 




















12. Depreciation, Obsolescence, an 


i De letion (attach schedule) 








































14. Total Dedtjctionb m Iteub 5 to 13 (extend total to column 3)— 


S 








$ 








- 


15. Net Income (Item 4 m 


nus Item 14) 


— - - --» 


%.. ... 




1 •• 



COMPUTATION OF TAX 





$ 


















18. Less: Income Tax Paid to a Foreign Country or United States Possession by Domestic Company (see Instruction 16) 










10. Balance of Tax, Domestic. Company (Item 17 minus Item 18) 


$ 






.... 


20. Net Income of Foreign Companv from Sources within the United States ( — % of Item 15) _ 




















22. Less: Income Tax Paid at Source (this credit can only be allowed to a Nonresident Foreign Company) 










73, Balance of Tax, Foreign Company (Item 21 miniifl Item ??.) ... 


•__| 







SCHEDULE A— RESERVE FUNDS 



n™ 


1 «.™».»m.«,v u , 


I 3. End or T.niut Ytu 


1. Reserve for Outstanding Policies and Annuities _ _ 


S 


— 


— 




$ 






— 












— 














5. Reserve for Policies upon which a Surrender Value May Be Demanded (not included elsewhere) 


— 














~ 




















8. Totals op Items 1 to 7 - 


s 


_ . .. 






$ 









, Total of Columns 2 and 3, as shown in Item 8 above , _ _ „ 

, Mean of the Reserve Funds for the Taxable Year (oi.e-hs.lf of Item 9) 

. per cent of the Mean of the Reserve Funds, ae 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 figures) _ 

. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above. 



SCHEDULE B— INVESTED ASSETS BOOK VALUES 





LIFE DEPARTMENT 


OTHEP. DEPAr.TMENTa 




2. litcLviMj or TaXabis Yias 


S. Em of Tani! Yeas 


..DtouoxNeorTuunYuB 


fi. End or Ta_iablm Yeas 


1, Real Estate _ „ 


s 






— 


s__.. 










S-_ 








5 












































































6 Bonds and Stocks 


































6 Bank De site Bearin Inters 


































7. Other Interest-bearing Assets (attach statement).. 

8. Totals op Items 1 to 7 


































$ 




_ | 


s ! 



















Total of Columns 2 to 5, Inclusive, as shown in Item 8 above 

Mean of the Invested Assets for the Taxable Year (one-half of Item 9).. 
One-fourth of one per c^nt of the Mean of the Invested Assets^. 



We, tbc i.iiiltri-'i^iiOii, 1'iosidont 
that this return, including ttio accompany 
complete return, made ' 



■Lei tulfu ai.vi Htatfirii !■'.'■. imn i» ;u e tinnm-d by hi in (vml 
od faith* for the taxable yeir stated, pursi 
ued thereunder, 
id subscribed before 



AFFIDAVIT 

pany for which this return is made, being severally duly * 
, examined b L ~ 
the Rcvenu 



, each for himself deposes and say* 



. day of 



., 1934. 



PS 



STATISTICS OF INCOME 



241 



The Instructions Numbered 1 



INSTRUCTIONS 

this Page Correspond with the Item Numbers on Page 1 of the Return 



GROSS INCOME AND DEDUCTIONS 
1. Interest. — Eater as Item 1 interest received from all sources during the 
taxable year. Interest on bonds is considered income when due and payable 



ed as dividend! (1) 

„._ under Title I of the Revenue 

than a corporation entitled to the benefits of Section 251 of 



2. Dividends.— Enter 

from a domestic corporal] 

Art i,f I'l.'.J, 



nlhiu tin- I'mUd States, Enter as Kern 2 ()>) dividends from a domestic 
corporation not subject to taxation under Title I of the Revenue Act of 1932. 
Enter as Item 2 (e) divid<uds from a foreign corporation other than a foreign 
Corporation described in {2) 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. 

6. lnic.est exempt from taxation. — Enter as Item 6 the amount of interest 
received on the following cblignt ions which are exempt, from taxation : ( 1 ) Obliga- 
tions of a State, Territory, of anv 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, the Home Owners' Loan Act of 
1933,orobl;KOti:.msofpo^e^ions of the United States; and (3) Obligations of the 
United Stales. Submit a schedule showing for each class of securities, (a) name 
of obligation, (o) 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 1 1 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 3% per centum shall be substituted for 4 per 



for life and not subject to cancellation, shall be allowed, in addition to the abow, 
a deduction of 3'. per centum of the mean of such reseive funds (not required 
by 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 policies 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 cent of the reserve held for deferred dividends. — Enter as Item 8 
an amount equal to 2 per cent of the reserve held at the end of the taxable year 
for deferred dividends the payment of which 1b deferred for a period of not less 
than five yearn 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 then; be any 
■Uooauon of general expenses to investment expenses, should not exceed one- 
fourth of 1 percent of the mean of the invested assetB reported in Item 11. t'ct^-d- 
ule B. Subnj ' 
herein, the in 
of the Revenue Act of 1932. 

10. Taxes. — Enter as Item 10 taxes paid exclusively upon real estate owned by 
the company, and that proportion of the taxes assessed against individual share- 



holders and paid by the company without i 



i provided in Sec 
tion 203 (o)\6) of* the Revenue* Act of 193T 
against local benefits of a kind tending to 
assessed, as lor paving, sewers, etc. 

11. Other real estate expenses. — Enter as Item 1 1 all ordinary and necessary 
building expenses, such as fire insurance, heat, light, labor, etc., and the coot of 
incidental repairs which neither materially add to the value of the property 
nor appreciably prolong its life, but keep it in an ordinarily efficient operating 
condition. Do not include any amount paid out for new buildingB 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 invest- 
ment in propertv uecd in the business! Such an amount should be determined 
upon the basis of the cost of the property, or if purchased prior to March I, 
1913. the cost or value as of that date, whichever io greater, and the probable 
number of years remaining of its useful life. In addition, if the property was 
acquired before March 1, 1913, and if the coot of such property is greater than 
its fair market value as of that date, the cost shall he reduced by the deprecia- 
tion actually sustained before that date. If a deduction is made on account 
of depreciation tbe following schedule must be filled in and the total amount 
claimed therein should correspond with the figures reflected in the company's 
books. In case obsolescence is included, state separately the amount claimed 
and the basis upon which it is computed. Land values must not be included 



Kind of property 


Data 
acquired 


acquired 


Probable 


*™*o*l*ndj 


Amount ol depreciation charged o& 




Pro rtous years 


™— 










l_ 


, 


. 


























































TotAU 


I 







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 obligations or securities the interest 
upon which is wholly exempt from taxation. Interest paid on dividends held 
on deposit and surrendered during the taxable year should be included in this 

14. Rental valne of real estate. — The deduction included in Items 10 to 12 
on account of real estate owned and occupied in whole or in part by the company 
BhaH be limited to an amount which bears the same ratio to such deduction 
(computed without regard to subsection (b) of Section 203 of the Revenue Act 
<>[ iy;i2) as the Tental value of the space not so occupied bears to the rental 
'value of the entire property. (Submit detailed schedule.) 

CREDIT FOR TAXES 

15. A foreign company subject to taxation and not engaged in a trade or 
business within the United States and not having any office or plr*e of business 
therein may claim as a credit in Item 22 any Income tax required to be deducted 
and withheld at the source. 

16. If credit is claimed in Item 18 for income tax paid to a foreign country 
or possession of the United States, Form 1118, together with the receipt for each 
such tax payment, must be submitted with this return. If credit is claimed, 
for taxeB accrued a hood may be also required on Form 1119. A foreign 
company is not entitled to claim this credit. 

LIST OF 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 
od each schedule. 



COMPANIES REQUIRED TO FILE_A RETURN 

18. Liability. — Even,- domestic or foreign life insurance company that derive* 
Income from sources within the United States, issuing life and annuity contracts 
[taeludixig life, health, and accident insurance), the ronrve funda of which held 
fur the iLiliiliment of such contracts comprise more than 50 per cent of its total 
reserve funds, shall file a return on this form. See Sections 201 to 203 of the 
Revenue Act of 1932. 

19. Basis of return. — A return on this form bhall be'icndered on n ca-jh receipts 
ami disbursements basis in conformity with the annual statement made to the 
State Insurance Department, instead of the accrual bests. 

20. Annual statement. — A copy of the annual statement for life insurarci 



PERIOD COVERED 

21. The return shall be for the calendar year ended December 31, 1933, and 
the net income computed on the calendar year basis in accordance with the 
State laws regulating insurance companies. 

TIME AND PLACE FOR FILING 



be filed with the Collector of Internal Revenue, Baltimore, Maryland, « 
before June 15, 1934. 

Tbe Collector r,f Internal Revenue may grant a reasonable extension of time 
for tiling a return, not to exceed six months, if application t herefor is made before 
the date prescribed by law for filing such return, whenever in his Judgment good 

AFFIDAVIT 

23. The return Bhall be sworn to by the president, vice president, or other prin- 
cipal othcer, and by the treasurer or assistant treasurer. The return of a foreign 
company having no office or place of business in the United States but having 
an agent in the United States shall be sworn 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. The tax should be paid bv sending with the return a check or money 
order drawn to the order of "Collector of Internal Revenue at (insert name of 
city and State)." Do not send cash by mail, nor pay it in person except at the 



collector's offi 

The total tax in the case of a domestic company, or a foreign company having 
an office or phice of business in the United States, 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, 1934, the second installment shall be paid 
on or before June 15, 1934, the third installment on or before September 16, 
1934. and the fourth uiEtallment on or before December 15, 1934. 

If any installment is not paid on the date fixed for its paytne.it, the whole 

amount of the tax unpaid shall be paid upon notice and demand by the collector. 

PENALTIES 

25. 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. 

26. For willfully making a false or fraudulent retnnr.— Not more than $10,000 
or imprisonment for not more than five years, or both, together with the costs 
of prosecution. 

27. For deficiency in tax. — Interest on a deficiency at 6 per cent per a nn u m 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 dfcte 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 w> 
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, renta, 
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 $500 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 farms will be furnished by any collector of internal revenue upcti request. 
Such returns of information covering the calendar year 1933 must t-j forwarded 
to the Commissioner of Internal Revenue, Sorting Section, V/aaiington, D. C, 
in time to be received not later than February 15, 1934. 

QUESTIONS 

1. Date of Incorporation.— — . — ■ — -•• 

2. Under the laws of what State or country? _ 

3. Did the company file a return under the same namo 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? — . If 

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: 



6. Describe method used for determining investment expenses shown In Item 0: 



6. Is the above method the s 
Exhibit for 1932? 



ne as that used in preparing the Gain and Loan 
If not, state change and reason therefor: 



7. Ale any general expenses in part assigned to or Included In the Investment 
expenses shown in Item 9? — 



242 



STATISTICS OF INCOME 



TREASURY DEPARTMENT 

I-V7ltN.lt KtrjflLt BEKVTC1 


PARTNERSHIP RETURN OF INCOME 

(TO BE FILED ALSO BY SYNDICATES, POOLS, JOINT VENTURES, ETC.) 

For Calendar Year 1933 

File Thu Return With 'Jw Collector of Internal Revenue lor Toot Dirtriet oo or Before Mirth IS, 1934 


Do Not Write in These Space* 


(Auditor** Slurp^ 


Fib 

Code.... 








.PRINT PLAINLY NAME AND BUSINESS ADDRESS OF THE ORGANIZATION 

~* uTame)~ 

i„-tn*[ end number) 


Serai 

Number 




DUtrict „ 




(Date !-'«..- «d i 





















GROSS INCOME 

r Profession , 



1. Cross Receipts from Business c 

2. Leas Cost of Goods Sold: 

(a) Inventory at beginning of year _ - _ _.. 

(6) Merchandise bought for sale _ # 

(c) Cocrt of labor, supplies, etc. (From Schedule A) 

(rf) Total of Lines (a), (b), and (c) 

0) Less inventory at end of year „ _ 

3. Gross Profit from Business or Profession (tiem l minus item t> 

4. Income (or loss) from Other Partnerships, Syndicates. Pools, Joint Ventu 



Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds). 

Interest on Tax-free Covenant Bonds upon which a Tax was Paid at Source ._ - 

Rente _ _ 



. (a) Profit from Sale of Stocks and Bonds held 2 years or less (From Schedule B, Toird i 
(6) Profit or loss from Sale of Other Assets held 2 years or less. (From Schedule B, Ton 
Dividends on stock of: 

(a) Domestic Corporations subject to taxation under Title I of 1932 Act 

(b) Domestic Corporations not subject to taxation under Title I of 1932 Act . 

(c) Foreign Corporations - 

Other Income: (Sute mlora of income) 



(a) ~- 

(6) .... 



Total Income in Items 3 to 11 _. 

DEDUCTIONS 

Salaries of Employees. (Do net Include compensation for partners or mei 

Rent on Business Property „ 

Repairs. (Prom ScbeduleD) 

Interest on Indebtedness _ 

Taxes paid. (Trom fcbedule E) _ 

Losses by Fire, Storm, etc. (From Schedule F) _ 

Bad Debts. (From Scbeduk 0) 

Depreciation, Obsolescence, and Depletion. (Frara Schedule n) . 
Other Deductions Authorised by Law (Errldin NW or on repwate: 



Total Deductions in Items 13 to 21 . 
Net Income (Item 12 minus Item 22) .. 



.Jt I !.. 



PARTNERS' OR MEMBERS - SHARES OF INCOME AND CREDITS 



iproty dbirlef 


££& 


1 5bbmt 


COLVIIX 3) 


'ggsgySa 


^3gsg 


1", i-IV'l.'Ni 












', 




$ 


















1 




















































































































») _ - 
























$ _ i 


$ 


Is. 




* i 


$ 





STATISTICS OF INCOME 



243 







SCHEDULE A— COST OF LABOR, 


SUPPLIES. ETC. (See Instruction 2) 










mm 


Uraun 




uon 


Labor 














B.pp*. 




















II Total (enter aa Item 2 (c)) 







SCHEDULE B— PROFIT OR 


LOSS FROM SALE OF STOCKS. BONDS. REAL ESTATE. ETC. 


(See Instn 


.11, 


9) 




1. Kiwd or PuipiBn 


% D*re 


3. Pate 


^«"»™» 


- 


4Mi? 


^HiF' 


ȣSV_ 


(0) STOeK6 AND BOND?* HELD TWO 














«», 


„ 




" 
























Total (c> (Transfer net profit to 
Item 9 (.ill 


,„,, 


T.XS,K 


, 




$ 








(6) Otrt.r AcSETft Held Two 
Yeam or Lebs: 














































TeUil (n) I Transfer net profit or 
lors'.o Item 9 (61) 


.,„.I,>>„L 






< 




'5 . 





• A-. cieOnerf in section 23 (t), 1932 

S1..I ■ t,..w i ropcrtv wan acquired ... 


tct. 






























SCHEDULE C— CAFIT4L NET GAIN OR LOSS FROM SALE OF CAPITAL ASSETS (See Instr 


jet ion 9A) 




L tn or f»«e.tt 


££& 


3. Date Sold 


vss 


.CO,, 


HSz. 


'h^s 


AliaPuMAIU^ 


(Fot.r ia*ColumnS. 
Ilrrn 21 CD P*ce 1) 






Aft. »i r >•.« 


.X/i.Dov Ytat 






















































































1 1 














i 









State how property wits acquired . 



SCHEDULE D— COST OF REPA1KS (Sec Inffnrtfon 15) SCHEDULE E— TAXES PAID (See Instruction 


17) 




■■ Imi3 | {Eaicr as Una ]-') |! '' lTS * 9 


d££Q.m 


L I..... 


$ 










:: .z:::r7Z"""i"" :...::::" "ziz:::]::!::::" ~ : :...:..: 






1 L..I 







SCHEDULE F- 


E\PL\NlTloN 


>F LOS-ES 


BY rlRE. STORM. ETC. (See Instruct 


on 18) 






'"—•" 


'— ■ 


^liiFaS ksssss 1 A ^4"£""iF £ 


•usssms? 


anlMttSltCLOm 








|, 












































1 



























State how property was acquired . 



SCHEDULE G— EXPLANATION OF DEDUCTION FOR DAD DEP.TS (Sec Instn 



SCHEDULE H— EXPLANATION OF DEDUCTION FOR DEPRECIATION (Sec In 




ion 20) 








1 KrMior PnoriRTT 
(It buildlcp. stale multi-Id U I wbkb coMlructwJ) 


ACQVMED 


'fiHB" 


* P»or**ir l-r( 1 8 Cost 
ArrER ArgiiririoH j (Eicluslvo el Land) 


tE^lUftWLuV 


ALLOWADlt) 1* P8IOIL 


assess 




































1 












































1 









SCHEDULE I— NONTAXABLE ■ 'I -I H: A1 H >NS, LIBERTY BONDS, ETC. (Sec Inst 



nder the provjsk 



United Sti 
(0 Liberty Z)i% Bonds and other obligations of United States issued on i 

(d) Liberty 4% and 4)--% Bonds and Treasury Bonde _ • 

(f) Trcnsury Notts, Treasury Bills, and Treasury Certificates of Indebted 



the Federal Farm Loan Act, or under such Act as amended, and obligations of 
before September 1, 1917 



nade in Rood faith for the 
very Act and the regulations issued thereunder. 

Sworn to and subscribed before me -this day of , 1934. 



(Ptrtoer or mtisto) 



( ,\dJr**s fl pwtMT or nwrnUi) 



See Instruction 29. 



(An amended return moat be plaint? marked "Amended" across face of return) 



244 



STATISTICS OF INCOME 



INSTRUCTIONS 

The Instructions Numbered 1 to 24 Correspond with the Item Numbers on the First Page of the Return 



I, GROSS RECEIPTS 

Describe the business or profession in the space provided at the 
top of page 1, and enter as Item 1 on page 1 of the return the gross 
receipts from sales or services, less any discounts or allowances from 
the sale price or service charge. 

Farmer's income schedule. — If the organization operates a farm 
and keeps no books of account, or keeps books on a cash basis, 
obtain from the collector and attach to this return Form 1040K, 
Schedule of Farm Income and Expenses, and enter the net farm 
income as Item 3 on page 1 of this return. If the farm books of 
account are kept on an accrual basis, the filing of Form 1010F is 
optional. 

Installment sales. — If the installment method is used, attach to 
the return a schedule showing separatelv for the taxable years 1930, 
1931, 1932. and 1933 the following information- (<?) Gross sales; 
(b) Cost of goods sold; (c) Gross profits; (</) Percentage of profits 
to gross sales; (e) Amount collected; and (0 Gross profit on amount 
collected, bee Section 44 of the Revenue Act of 1932. 



2. COST OF GOODS SOLD 

Enter as Item 2 the information requested in Lines (n) to (e), and 
list in Schedule A on page 2 of the return the principal items of 
cost included in the amount entered on Line (c), the minor items to 
be grouped in one amount. 

Inventories.— If the production, purchase, or sale of merchandise 
is an income-producing factor in the trrde or business, inventories 
of merchandise on hand should be taken at the beginning and end 
of the taxable year Enter "C", or "C or M '*, on lines (a) and (e) 
to indicate whether the inventories are value* 1 at cost, or cost or 
market, whichever is lower. 

3. CROSS PROFIT 

Enter as Item 3 the gross profit derived from the business or pro- 
fession, which is obtained by deducting Item 2, the cost of goods 
sold as extended, from Item 1, the gross receipts. 

4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP. ETC. 

Enter as Item 4 the share of the profits (whether received or not) 
(or of the losses) of another partnership, syndicate, pool, joint venture, 
etc., except that the share of (a) capital net gain or loss from the sale of 
capital assets shall be reported separately in Schedule C, (6) dividend: 
on stock of domestic corporations shall be included in Item 10 (a) 
and/or (M on page 1 of the return, and (c) interest on obligations 
of the United States, etc., shall be reported in Schedule I at the foot 
of pnge 2 of the return. 

If the accounting period on the basis of which this return is filed 
does not coincide with the annual accounting period of another 
partnership, syndicate, pool, etc., from which income is received, 
there should be included in this return the distributive share of the 
net profits (or losses) for the accounting period of such partnership, 
syndicate, pool, etc., ending within the accounting period for which 
this return is filed. 

5. INTEREST ON BANKS DEPOSITS. ETC 

Enter as Item 5 all interest received or credited to the account of 
the organization during the taxable year on bank deposits, notes, 
mortgages, and corporation bonds, except interest on bonds upon 
which a tax was paid at the source. Interest on bonds is considered 
income when due and payable. 

6. INTEREST ON TAX-FREE COVENANT BONDS 

Enter as Item G interest on bonds upon which a tax was paid at 
the source by the debtor corporation, if an ownership certificate on 
Form 1000 was filed with the interest coupons. The tax of 2 per- 
cent paid at the source on such interest should be allocated to the 
partners or members in Column G of Item 24, page 1 of the return. 
7. RENTS 

renter as Item 7 the gross amount received for the rent of property. 
Any deductions claimed for repairs, interest, taxes, and depreciation 
should be included in Items 15, 16, 17, and 20, respectively. 

If property or crops were received in lieu of cash rent, report the 
income as though the rent had been received in cash. Crops re- 
ceived as rent on a crop-share basis should bo reported as 
for the year in which disposed of, unless this return shows 
accrued. 

8. ROYALTIES 

Enter as Item 8 the gross amount received as royalties. If a 
deduction is claimed on account of depletion, it should be included 
in Item 20. See Sections 23 (1), 23 (m), and 114 of the 1932 Act. 



Report sales of the property according to the two classes designated 
in Schedule' B: (a) Stocks and bonds as defined in Section 23 (t), 
Revenue Act of 1932, held 2 years or less (including also those held 
more than 2 years if not capital assets); (b) Other assets held 2 years 
or less (including also those held more than 2 years if not capital 
assets). For definitions of stocks and bonds included in (a) and of 
"capital assets", see following paragraphs. 

Describe the property briefly m Schedule B, and state the actual 
price received, or tne fair market value of the property received in 
exchange. Expenses connected with the sale may be deducted in 
computing the profit or loss. 

See Instruction 9A relative to cost of improvements, depreciation, 
eta. 

No loss shall be recognized in any sale or other disposition of stock 
or securities where the organization has acquired substantially 
identical stock or securities within 30 davs before or after the date 
of such sale, unless the organization is a dealer in securities. 



In case the amount to be entered in Column S is a deductible loss, 
such amount should be preceded by a minus sign or written with 

Losses from sales of stocks and bonds as defined in Section 23 (t). 
Revenue Act of 1932, [held 2 years or less. The principal provi- 
sions of the Revenue Act of 1932, us amended, relating to these 
losses are: 

Section 23 (r) Limitation on stock losses.— (II Losses from sales or 
exchanges of stocks and bonds (as defined in Subsection (t) of this 
section) which are not capital assets (as defined in Section 101) shall 
be allowed only 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 obligations) 

(3) This subsection shall not apply to a dealer in securities (as to 
stocks and bonds acquired for resale to customers) in respect of 
transactions in the ordinary couise of his business, nnr to a bank or 
trust company incorporated under the laws of the United States or 
of any State or Territory 

(t) Definition of stocks and bonds.— As used in Subsections (r) 
and (s), the term "stocks and bonds" means (1) shares of stock 
in any corporation, or (2) rights to subscribe for or to receive such 
shares, or (3) bonds, debentures, notes, or certificates or other evi- 
dences of indebtedness, issued by any corporation (other than a 
government or political subdivision thereof), with interest coupons 
or in registered form, or (4) certificates of profit, or of interest in 
property or accumulations, in any investment trust or similar or- 
ganization holding or dealing in any of the instruments mentioned 
or described in this subsection, regardless of whether or not such 
investment trust or similar organization con-titutes a corporation 
within the meaning of this Act. 

3A. CAPITAL NET GAIN OR LOSS 

Fill in Schedule C and allocate the net eiin or loss in Column 5 
of Item 24 at the foot of page 1 of the return 

The term "capital assets" means property he'd by the organization 
for more than 2 years (whether or not connected "with its trade or 
business), but dues not include stock in trade of the organization, or 
other property of a kind which, would pmperly be included in its 
inventory if on hand at the close of taxable year, or property held 
by the organization primarily for sale in the course of its trade or 
business. See Section 101 of the Revenue Act of 1932. 

The term "capital net gain " means the excess of the total amount 
of capital gain over the sum of (a) the capital deductions and capital 
losses plus (b) the nmount, if any, by which the ordinary deductions 
exceed the gross income computed without capital gain. 

The term "capital net joss" means the excess of the sum of tho 
capital losses plus the capital deductions over the total amount of 
capital gain 

If guin or loss is computed on March 1, 1913, velue, both cost and 
March 1, 1913, value must be shown and full information given as 
to how March 1, 1913, value was determined. If the amount shown 
as cost is other than actual cash cost of the property sold, full details 
must be furnished regarding the acquisition of the property. 

Enter as depreciation the amount of wear and tear, obsolescence, 
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 
sustained before that dato. 

Subsequent improvements include expenditures for additions, im- 
provements, and repairs made to restore the property or prolong 
its useful life. Do not deduct ordinary repairs, interest, or taxes 
in computing profit cr loss. 

10. DIVIDENDS 

Enter as Item 10 (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 Commissioner 
that more than 50 percent of the gross income of such foreign cor- 
poration for the 3-year period ending with the close of its taxable 
year preceding the declaration of such dividends (or for such part 
of such period as the corporation has been in existence) was derived 
from sources within the United States, including the share of such 
dividends received on stock owned by another partnership, syndi- 
cate, pool, etc. Enter as Item 10 (6) dividends from a domestic 
corporation not subject to taxation under Title I of the Revenue 
Act of 1932. Enter as Item 10 (c) dividends from a foreign corpo- 
ration other than a foreign corporation described in (2) of this 
paragraph. 

Dividends reported in Item 10 (a) or 10 (c) must include Federal ex- 
cise tux thereon withheld at source. Such tax is deductible in Item 17. 

11. OTHER INCOME 

Enter as Item 11 all other taxable income for which no space is 
provided elsewhere on page 1 of the return. 

12. TOTAL INCOME 

Enter as Item 12 the net amount of Items 3 to 11, inclusive, after 
deducting any losses reported in Items 3, 4, and 9 
13. SALARIES 

Enter as Item 13 all salaries and wages not included as a deduction 
in Line (c) of Item 2; except compensation for partners or members, 
which shall not be claimed as a deduction in this item or elsewhere 
on the return. a-twn 



STATISTICS OF INCOME 



245 



Enter i 
lion has r 
any partr 



r member foi 



14. RENT 
business property in which the or^aniza- 
t include rent for a dwelling occupied by 
residential ournoses. 



> equity. Do not include ...., 

r nr mwnhor fnr residential piirpOSCS 



15. REPAIRS 



Enter as Item 15 the cost of ordinary repairs to keep th<* property 
in a usable condition, including labor, supplies, and other Items 
which do not appreciably add to the value or lifo of tho property. 
T>o not include expenditures for the cost of replacements or perma- 
nent improvements to property, nor the cost of business equipment 
or furniture. 

list in Schedule D the principal items, of- cost, grouping the minor 
items in one amount. 

IS. INTEREST 

Enter as Item 16 interest on business indebtedness to others. "Do 
not include interest on capital invested in or advanced to the business 
by any partner or member, nor interest on indebtedness incurred or 
-continued to purchase or carry obligations or securities the interest 
upon which is wholly exempt from texation, or on indebtedness 
incurred or continued in connection with tho purchasing or carrying 
■of nn Annuity. 

17. TAXES 

Enter as Item 17 ta.*;es on business property or for carrying on 
business. Do not include taxes assessed against local benefits tend- 
ing to increase the value of the property assessed, as for paving, etc., 
Federal income taxes, nor taxes entered in Column 7 of Item 24, 
page 1 of the return. 

List in Schedule E each class of taxes deducted. 

18. LOSSES BY FIRE. STORM. ETC. 

Enter as Item 18 losses sustained during the year, if incurred in 
the trade or business, or of property not connected with the trade or 
business, if arising by fire, storm, shipwreck, or other casualty, or 
from theft, and not compensated for bv insurance or otherwise. See 
Section 23 (c) of the Revenue Act of 1932. 

Explain such losses in Schedule F. 

19. BAD DEBTS 

Enter as Item 1ft debts, or portions thereof, arising from sales or 
services that have been reflected in income, which have been defi- 
nitely ascertained to be worthless and have been charged off within 
the year, or such reasonable amount as has been added to a reserve 
lor nad debts within the year. 

If the debts are included in the deduction claimed, state in Schedule 
■G on Line (a) of what the debts consisted, Line (6) when they were 
-created and when they became due, Line (c) what efforts were made 
to collect, and Line (</) how they were actually determined to be 
worthless. 

If the amount deducted is an addition to a reserve, enter on the 
lines provided in Schedule G the amounts charged on account, and 
the bad debts charged off, for each of the past 4 years. 

A debt previously charged off as bad, if subsequently collected, 
anust be returned as income for the vear in which collected. 



20. DEPRECIATION, OBSOLESCENCE. AND DEPLETION 
Enter as Item 20 the depreciation claimed by reason of exhaustion, 
-wear and tear of property used in the trade or business, or as obso- 
lescence or depletion, and fill in Schedule H on page 2, giving the 
information requested. If obsolescence is claimed, explain why 
useful life is less than actual life. 

If the property was acquired by purchase on or after March 1, 
1013, the amount of depreciation should be determined on the basis 
-of the original cost (not replacement cost) of the property and the 
probable number of years remaining of its useful life. In case the 
property was purchased prior to March 1, 1913, the amount of depre- 
ciation will be determined in the same manner, except that it will be 
-computed on its original cost, less depreciation sustained prior to 
March 1, 1913, or the fair market value as of that date, whichever 
i^ greater. Land values or cost .must- not be included in this sched- 
ule, 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 property in prior 
years must be shown and if the cost of any asset has been fully re- 
covered through previous depreciation allowances, the cost of such 
lu-set must not be included in the cost shown in the schedule of de- 
preciable assets. See Section 23 (k) and 114 of the Revenue Act 
of 1932. 

Do not claim any deduction for depreciation in the value of a 
building occupied by any partner or member as a dwelling, or of 
other property held for personal use, nor for land (exclusive of im- 
provements thereon), nor on stocks, bonds, and like securities. 

21. OTHER DEDUCTIONS 

Enter as Item 21 any other authorized deductions for which no 
space is provided elsewhere on page 1 of the return. Do not deduct 
losses incurred in transactions which were neither connected with 
the trade or business nor entered into for profit. 

Explain deductions claimed in the space provided. 

22. TOTAL DEDUCTIONS 

Enter as Item 22 the total of Items 13 to 21, inclusive. Do not 
include any deduction claimed in Schedule A, B, or C. 
23. NET INCOME 

Enter as Item 23 the net income, which is obtained by deducting 
Item 22 from Item 12. The net income of the organization shall be 
computed upon the basis of its taxable year in accordance with the 
method employed in keeping tho books, unless such method does not 
clearly reflect the income. 

24. PARTNERS* OR MEMBERS' SHARES OF INCOME AND CREDITS 

Enter the names and addresses of the partners or members on 

lines (o>, (6), (c), etc., in Column 1 of Item 24, page 1 of the return, 



«*d extend in tha proper columns each partner's or member's share 
of the nel income whether distributed or not. Item 24 should also 
implete information with respect to all members of the part- 
nership, syndicate, group, etc , having any interest during any 
portion of the taxable year. 

Credit for taxes. — If interest was received on tax-free covenant 
bonds in connection with which <m ownership certificate on Form 
1000 was filed, the tax of 2 percent paid at the source Oil such 

interest should be allocated to the partners or members in Column ft. 
If income tax paid to a foreign country or a possession of the 
United States is entered :n Column 7, submit, Form 1110 with this 
return with a receipt for each such tax payment. In case the 
Amount entered in Column 7 includes foreign taxes accrued, nttat I, 
to the form a certified copy of the return on which the taxes were 
based. The Commissioner may require the purtners or members to 
give a bond on Form 1 1 17 for the payment of any additional tax found 
duo if the foreign tax when paid differs from the amount claimed. 

25. NONTAXABLE OBLIGATIONS. LIBERTY BONDS, ETC. 

Enter on the proper lines in Column 2 of Schedule I at the foot of 
page 2 of the return the amount of obligations or securities owned, 
including the share of such obligations owned in another partnership, 
syndicate, group, etc , and in Column 3 the interest therein. Each 
partner or member should be advised as to the amount of his share 
of these obligations and of the interest, in order that he may include 
this information in his individual income tax return and determine 
whether the interest on Liberty Bonds nnd obligations of the United 
States is subject to tax. 

26. RETURNS BY PARTNERSHIPS, ETC. 

Every domestic partnership (including syndicates, groups, pools, 
joint ventures, or other unincorporated organizations, through or by 
means of which any business, financial operation, or venture is 
carried on, and which are not, within the meaning of the 1932 Ac!, 
i rusts, estates, or corporations) and every foreign partnership, 
syndicate, pool, etc., doing business within the United States or in 
receipt of income from sources therein regardless of the amount, 
shall make a return of income on this form for the calendar vear 
1933, or on Form 1065A for a fiscal year. 

See Section 1111 (a) (3) and Supplement F of tbe Revenue Act of 
1032. 

27. PERIOD TO BE COVERED BY RETURN 

Except in the case of the first return the organization shall make 
its return on the basis upon which the return was made for the 
accounting period immediately preceding unless, with the approval 
of the Commissioner, a change is made in the accounting period. 

If the organization 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 1128 and forwarded to the collector prior to 
the expiration of 30 days from the close of the proposed accounting 
period. 

28. ACCRUED OR RECEIVED INCOME 

If the books of account are kept on an accrual basis, report all 
income accrued, even though it has not been actually received or 
entered on the books, and expenses incurred instead of expenses paid. 

If the books are not kept on the accrual basis, report all income 
received or constructively received, such as bank interest credited 
to the account of the organization, and expenses paid. 

29. AFFIDAVIT 

The return shall be sworn to by any one of the partners or mem- 
bers. If receivers, trustees in bankruptcy, or assignees are in control 
of the property or business of the organization, such receivers, 
trustees, or assignees shall execute the return under oath. An 
attorney or agent employed to represent the organization before the 
Department in connection with tax matters is not permitted to 
administer the oath. 

30. WHEN AND WHERE THE RETURN MUST BE FILED 

A return for the calendar year 1933 must be sent to the collector 
of internal revenue for the district in which the organization has its 
principal office or place of business so as to reach the collector's 
office on or before March 15, 1934. The return for a foreign part- 
nership, syndicate, pool, etc., shall be filed on or before June 15, 1934, 
with the Collector at Baltimore, Maryland. 

The collector may grant a reasonable extension of time for filing 
a return, not to exceed 6 months, if application therefor is made 
before the date prescribed by law for filing such return, whenever in 
his judgment good cause exists. 

31. PENALTIES 

For willfal failure to make a return on time. — Not more than 
SI 0,000, or imprisonment for not more than one year, or both, 
together with the costs of prosecution. 

For willfully making a false or fraudulent return. — Not more than 
810,000, or imprisonment for not more than five years, or both, 
together with toe costs of prosecution. 

32. INFORMATION AT SOURCE 

Every partnership, syndicate, pool, ete., making payments of 
salaries* tother than salaries paid to the partners or members), wages, 
interest, rents, commissions, or other fixed or determinable income of 
? 1,000 or more during the calendar year, to a single person, another 
partnership, syndicate, pool, etc., or a fiduciary, or 52,500 or 
more to a married person, is 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 cover- 
ing the calendar year 1933 must be forwarded to the Commissioner 
of°Intemal Revenue, Sorting Section, Washington, D.C, in time 
to be received not later than February 15, 1934. 



INDEX 



A 

Page 
Accident, casualty, fire, marine, mutual, total, etc., insurance companies, 

income-tax returns of corporations (see also Insurance) 159 

Accounts and notes payable, in corporation balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Accounts and notes receivable, in corporation balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Additional tax, estate-tax returns 52-57 

Aerial transportation, income-tax returns of corporations engaged in (see 

also Transportation and other public utilities) 157 

Affiliated corporation returns (see also Consolidated corporation returns).. 4-5, 

32-35 
Agricultural machinery and equipment, income-tax returns of corporations 

engaged in manufacture of (see also Metal products) 156 

Agriculture and related industries: 
Corporation income-tax returns: 

Assets and liabilities, classified 160 

Compiled receipts and statutory deductions, classified 142, 

146, 150, 160 

Consolidated returns 34 

Industrial subgroups 154 

Returns showing net income and no net income 23-24 

Total assets' classes . 172 

Year , 1924 to 1933 190 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 83 

Airplanes, seaplanes, etc., income-tax returns of corporations engaged in 

manufacture of (see also Manufacturing not elsewhere classified) 157 

Amended returns included 2 

Amusements — theaters, motion-picture producers, and motion-picture 
theaters, etc.: 

Corporation income-tax returns (see also Service) 158-159 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 85 

Artificial ice, butter substitutes, cereals, coffee, spices, dairy products, etc., 
income-tax returns of corporations engaged in manufacture of (see also 

Food products) 155 

Asbestos, clay, granite, precious and semiprecious stones, salt, etc., 
income-tax returns of corporations engaged in mining and quarrying 

(sea also Mining and quarrying) 154 

Assets, in corporation balance sheets: 

Explanatory text 29-32 

Industrial groups 1 60-1 65 

Industrial groups and total assets classes. 172-189 

Returns showing net income and no net income 30 

Total assets classes 32, 166-171 

Years, 1926 to 1933 49 

247 



248 INDEX 

Page 
Auto tires and tubes, etc., income-tax returns of corporations engaged in 

manufacture of (see also Rubber products) 155 

Autobus lines, taxicabs, etc., income-tax returns of corporations (see also 

Transportation and other public utilities) 157 

Average net income and tax 5 

States 67 

Average tax per return 5 

Net income classes 67 

States 68 

Average tax rate 5 

Net income classes 68 

Years and net income classes, 1916 to 1933 42' 

B 

Bad debts, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Bakery and confectionery products, income-tax returns of corporations 

engaged in manufacture of (see also Food and kindred products) 154 

Banking and related industries, income-tax returns of corporations en- 
gaged in (see also Finance) 159' 

Beverages, soft drinks, distilling, etc., income-tax returns of corporations 
engaged in manufacture of (see also Liquors and beverages, alcoholic 

and nonalcoholic) 155 

Blast furnaces, steel mills, rolling mills, products of, etc., income-tax re- 
turns of corporations engaged in manufacture of (see also Metal and its 

products) 156 

Bonded debt and mortgages, in corporation balance sheets: 

Industrial groups 1 60-1 65 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Bonds. (See Stocks and bonds, Estate-tax returns; Gift-tax returns.) 
Bone, celluloid, and ivory products, income-tax returns of corporations 

engaged in manufacture of (see also Rubber products) 155 

Boots, shoes, slippers, etc., income-tax returns of corporations engaged in 

manufacture of (see also Leather and its manufactures) 155 

Brokers, stock and bond, etc., income-tax returns of corporations (see also 

Finance) 159 1 

Building and construction, etc., income-tax returns of corporations engaged 

in (see also Construction) 157 

Building materials and supplies, metal, income-tax returns of corporations 

engaged in manufacture of (see also Metal and its products) 157 

Business, individual income-tax returns: 

Amount and percent 10 

Frequency distribution, by size of certain items of income and 

deduction 13 

Net income classes 11, 79' 

Net profit and net loss: 

Frequency distribution by size of certain items of income and 

deduction _ i. _ _ 13' 

Industrial groups 16-17 

Industrial groups and size of net profit and net loss 82-87 

Net profit by years, 1925 to 1933 16 

No net income, amount 21 

Deficit classes 138 

Number of businesses: 

Industrial groups 16-17 

Years, 1925 to 1933 16 

Percentage distribution bv net income classes 12' 

States 76. 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income $5,000 and over.. 44-46 

Business service, detective bureaus, trade shows, etc., income-tax returns 

of corporations engaged in (see also Service) 159 1 



INDEX 249 

c 

Page 
Canned products, fish, fruit, vegetables, etc., income-tax returns of cor- 
porations engaged in manufacture of (see also Food and kindred 

products) 154 

Capital assets — Lands, buildings, and equipment in corporation balance 
sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Capital net gain, individual income-tax returns 8-9 

Income from — 

Amount and percent 8, 10 

Frequency distribution by size of certain items of income and 

deduction 14 

Net income classes 11 

Net income exempt from normal tax 8 

No net income, amount 21 

By deficit classes 138 

Percentage distribution bv net income classes 12 

States 76 

Years 1922 to 1933__ . 43—44 

Years! 1922 to 1933, net income of $5,666 and over '. 44-46 

Tax on — 

Net income classes 69 

Net income classes by States 88-137 

Years, 1922 to 1933_" 39 

Capital net loss, individual income-tax returns 8-9 

Frequency distribution by size of certain items of income and de- 
duction 14 

Net income classes 11 

No net income, amount 21 

By deficit classes 138 

Percentage distribution by net income classes 12 

States 76-77 

Tax credit for — 

Net income classes 69 

Net income classes by States 88-137 

Years, 1923 to 1933 39 

Capital stock, in corporation balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 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) 155 

Cartage and storage, income-tax returns of corporations engaged in (see 

also Transportation and other public utilities) 157 

Cash, in corporation balance sheets: 

Industrial groups 160-1 65 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 - 49 

Cash dividends paid, in corporation balance sheets: 

Industrial groups 142-153, 160-165 

Industrial groups and total assets classes 172-189 

States 141 

Submitting and not submitting balance sheets 28 

Total assets classes 160-165 

Years, 1922 to 1933 27 

Changes in tax laws affecting comparability of statistical data: 

Corporation income-tax returns 218-221 

Estate-tax returns 222-223 



250 INDEX 

Changes in tax laws affecting comparability of statistical data — Contd. Page 

Gift-tax returns 224 

Individual income-tax returns 210-217 

Charitable bequests: 

Estate-tax returns 52-55 

Gift-tax returns 61-63 

Chemicals and allied products: 

Corporation income-tax returns: 

Assets and liabilities, classified 163 

Compiled receipts and statutory deductions, classified 144, 

148, 152, 163 

Consolidated returns 33-34 

Industrial subgroups 156 

Returns showing net income and no net income 23-24 

Total assets classes 181-182 

Years, 1924 to 1933 192 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Cities and counties, number of individual income-tax returns by 22 

Clothing, income-tax returns of corporations engaged in manufacture of 

(see also Textiles and their products) 155 

Coal mining, income-tax returns of corporations engaged in (see also 

Mining and quarrying) 154 

Commission, income-tax returns of corporations (see also Trade) 158 

Common stock, in corporation balance sheets: 

I ndustrial groups 1 60- 1 65 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Community property income, individual income-tax returns: 

Net income classes 75 

Number of returns, net income, and percents 7 

States 73 

Comparability with previous years 5 

Compensation of officers, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Compiled net profit (or deficit), corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Industrial groups and total assets classes 172-189 

Submitting and not submitting balance sheets 28 

Total assets classes 32, 166-171 

Compiled receipts, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

I ndustrial groups and total assets classes 1 72- 1 89 

Submitting and not submitting balance sheets 28 

Total assets classes 32, 166-171 

Consolidated returns for affiliated corporations: 

Explanatory text 32-33 

Industrial groups 33-34 

Net income and deficit classes 34 

Rate of tax 33 

Subsidiaries, number of 35 

Construction: 

Corporation income-tax returns: 

Assets and liabilities, classified 164 

Compiled receipts and statutory deductions, classified _ 145, 149, 153, 164 

Consolidated returns 33-34 

Industrial subgroups 157 

Returns showing net income and no net income 23-24 

Total assets classes 185 

Years, 1924 to 1933 193 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 83 



INDEX 251 

Contributions, individual income-tax returns: Page 

Amount and percent 10 

Net income classes 11, 81 

No net income — Form 1040: 

Amount of deduction for 21 

By deficit classes 138 

Percentage distribution by net income classes 12 

States 78 

Years, 1917, 1920, 1922 to 1933 43-44 

Years, 1917, 1922 to 1933, net income of $5,000 and over 44-46 

Corporation assets and liabilities. (See Assets and liabilities.) 
Corporation deficit: 

Assets and liabilities, classified 160-165- 

Compiled receipts and statutory deductions, classified 142-153, 160-165' 

Consolidated returns 34 

Deficit classes 25- 

Deficit classes by years 48 

Defined 3 

Fiscal and part-year returns 35-36 

Industrial groups 24 

Industrial groups and subgroups 154-159 

Industrial groups by years, 1924 to 1933 190-194 

Returns showing net income and no net income 30 

States 141 

Submitting and not submitting balance sheets 28 

Total assets classes 32, 172-189 

Years, 1916 to 1933 47 

Years, 1924 to 1933, by States 195-205 

Years, 1926 to 1933, in corporation balance sheets 49 

Corporation income: 
Gross: 

Consolidated returns 33-34r 

Industrial groups 23-24 

Industrial groups and subgroups 154-159 

Industrial groups bv vears, 1924 to 1933 190-194 

States 140-141 

States bv vears, 1924 to 1933 195-205 

Years, 1916 to 1933 47 

Net: 

Assets and liabilities 160-165 

Compiled receipts and statutory deductions 142-153, 160-165 

Consolidated returns 33-34 

Defined 3 

Fiscal year returns 35-36 

Industrial groups 23-24 

Industrial groups and subgroups 154—159 

Industrial groups and total assets classes 172-189 

Industrial groups by years, 1924 to 1933 190-194 

Net income classes 25 

Part-vear returns 36 

States 140-141 

States by years, 1924 to 1933 195-205 

Total assets classes 32, 172-189 

Years by net income classes, 1930 to 1933 48 

Years, 1*909 to 1933 47 

Corporation income tax: 

Amount and percent 22 

Compared with tax collections 3 

Compiled receipts and statutory deductions 142-153, 160-165 

Consolidated returns 33, 34 

Fiscal year returns 35-36 

Income and profits taxes paid foreign countries 26 

Industrial groups 24, 142-149, 160-165 

Industrial groups and subgroups 154-159 

Industrial groups by years, 1924 to 1933 190-194 

Net income classes 25 

5984—35 17 



252 INDEX 

Corporation income tax — Continued. Page 

Part year returns 36 

Rates 218-221 

States 140 

States by years, 1924 to 1933 195-205 

Submitting and not submitting balance sheets 28 

Total assets classes 166-169 

Years, 1909 to 1933__ 47 

Corporation income-tax returns (see also Corporation deficit; Corporation 
income; Corporation income tax): 

Assets and liabilities, by industrial groups 160-165, 166-171 

Changes in tax laws affecting comparability of statistical data 218-221 

Comparison 1933 and 1932 returns 22 

Compiled receipts and statutory deductions 142-153, 160-165 

Consolidated returns 33-34, 35 

Deductions allowed life-insurance companies 23 

Deductions in. (.See Deductions.) 

Dividends. (.See Dividends paid and Dividends received, corporation 
income-tax returns.) 

Fiscal and calendar year returns tabulated 1-2 

Fiscal and part year returns 35-36 

Geographic distribution 5 

Industrial classification 4 

Net income and deficit classes 25 

Number of — 

Balance sheets 31, 49 

Industrial groups 23-24 

Industrial groups and subgroups 154-159 

States 140-141 

Years, 1909 to 1933 47 

Years, 1930to 1933, net income and deficit classes 48 

Returns showing net income and no net income: 

Compiled receipts and statutory deductions 30 

Industrial groups 23-24 

Industrial groups and subgroups 154-159 

Industrial groups bv years, 1924 to 1933 190-194 

States I 140-141 

Years, net income and deficit classes 48 

Years, 1924 to 1933, by States 195-205 

Submitting and not submitting balance sheets 28, 31 

Total assets classes 32, 172-189 

Corporation compiled net profit (or deficit). (.See Compiled net profit (or 

deficit) s.) 
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; 1933 47 

Cost of goods sold, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Revision in process.. 29 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Cost of other operations, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Cotton goods — Dress goods, plain cloth, etc., income-tax returns of 
corporations engaged in manufacture of (see also Textiles and their 

products) 155 

Counties and cities, number of individual income-tax returns by 22 

Credits, tax: 

Corporation income-tax returns: 

Income and profits tax paid foreign countries 26 



INDEX 253 

Credits, tax — Continued. Page 

Estate-tax returns 52-55, 56 

Individual income-tax returns: 

Capital net loss 8, 39 

Net income classes 69 

States bv net income classes 88-137 

Years, 1923 to 1933 39 

Cumulative distribution of individual income-tax returns. (See Individ- 
ual income-tax returns.) 
Curative service, individual income-tax returns (see also Service) : 

Net profit and net loss from business 16-17 

Size of net profit and net loss 85 

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: 

Compiled receipts and statutory deductions. 142-153, 160-165, 166-171 

Industrial groups 142-153, 160-165 

Returns showing net income and no net income 23-24 

States 140-141 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Estate-tax returns: 

Net estate classes 52-55 

Gift-tax returns: 

Net gift classes 61 

Total gift classes 62-63 

Individual income-tax returns: 

Amount and percent 10 

Capital net loss 14 

Contributions 11-12 

Interest paid 11-12, 44-46 

Net income classes 11-12 

Net loss from business 11-12 

Net loss from partnerships 11-12 

Net loss from sale of real estate, etc 11-12, 14 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 77-78 

Taxes paid 11-12, 44-46 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income of $5,000 and over 44-46 

Deficit. (See Individual deficit; Corporation deficit.) 
Depletion, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Depreciation, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Dividends received: 

Corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Individual income-tax returns: 

Amount and percent 10 

Frequency distribution by size of certain items of income and 

deductions 14 



254 INDEX 

Dividends received — Continued. 

Individual income-tax returns — Continued. Page 

Net income classes 11, 79 

No net income: 

Amount 21 

Deficit classes , 138 

Percentage distribution by net income classes 12 

States - 76 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income of $5,000 and over 44-46 

Dividends paid: 

Corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Industrial groups and total assets classes 172-189 

States 140-141 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Years, 1922 to 1933 27 

Domestic service— Laundries, restaurants, etc., income-tax returns of 

corporations 158 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 85 

E 

Earned net income, tax credit, 1924 to 1931 39 

Educational service, individual income-tax returns, net profit and net loss 

from business (see also Service) 16-17, 85 

Electric light and power companies, income-tax returns of corporations 

(see also Transportation and other public utilities) 158 

Electric railways, etc., income-tax returns of corporations (see also Trans- 
portation and other public utilities) 157 

Electrical machinery and equipment, income-tax returns of corporations 

engaged in manufacture of (see also Metal and its products) 156 

Engineering service, individual income-tax returns, net profit and net loss 

from business (see also Service) 86 

Estate- tax returns: 

Explanatory text 50-5 1 

Net estate classes 52-55, 57 

Number 52-58 

Rates, specific exemption and credits against tax, Revenue Acts 1916 

to 1932 222-223 

States, resident decedents 56 

Years, 1916 to 1934, resident and nonresident decedents 58 

Excess-profits tax: 

Corporation income-tax returns: 

Amount 22 

Industrial groups 142-149, 160-165 

Industrial groups and subgroups 154-159 

Part year returns 36 

Rates and credits 219 

States 140-141 

Submitting and not submitting balance sheets 28 

Total assets, classified 166-169 

Years, 1917-1922, 1933 47 

Individual income-tax returns: 

Amount (note 2) 39 

Partnership income-tax returns: 

Amount (note 2) 39 

Exemptions from tax: 

"Estate-tax returns 52-55 

Gii't-tax returns 59, 61-63 

Individual income-tax returns 8, 67-68 



INDEX 255 

F 

Page 
Factory machinery, etc., income-tax returns of corporations engaged in 

manufacture of (see also Metal and its products) 156 

Farming, cotton, grain, stock, etc., income-tax returns of corporations 

engaged in (see also Agriculture and related industries) 154 

Fertilizers, income-tax returns of corporations engaged in manufacture 

of (see also Chemicals and allied products) 156 

Fiduciary income, individual income-tax returns: 

Amount and percent 10 

Net income classes 11, 80 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 77 

Years, 1916 to 1922, 1933 43-44 

Years, 1916 to 1922, 1933, net income $5,000 and over 44-46 

Finance: 

Corporation income-tax returns: 

Assets and liabilities, classified 165 

Compiled receipts and statutory deductions, classified 145, 

149, 153, 165 

Consolidated returns 33-34 

Industrial subgroups 159 

Returns showing net income and no net income 23-24 

Special deductions allowed life insurance companies 23 

Total assets classes 188 

Years, 1924 to 1933 194 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 86-87 

Fiscal year returns: 
Corporation: 

Month ending the fiscal year • 35 

Net income and deficit classes 36 

Tabulated 1, 35 

Food and kindred products: 

Corporation income-tax returns: 

Assets and liabilities, classified 161, 174-175 

Compiled receipts and statutory deductions, classified 143, 

147, 151, 161 

Consolidated returns 33-34 

Industrial subgroups 154-155 

Returns showing net income and no net income 23-24 

Total assets classes 174-175 

Years, 1924 to 1933 190 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Foreign taxes: 

Corporation income and profits taxes paid foreign countries 26 

Forest products: 

Corporation income-tax returns: 

Assets and liabilities, classified 162, 179 

Compiled receipts and statutory deductions, classified 143, 

147, 151, 162 

Consolidated returns 33-34 

Industrial subgroups 156 

Returns showing net income and no net income 23-24 

Total assets classes 179 

Years, 1924 to 1933 191 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Forestry, fishing, ice harvesting, etc., income-tax returns of corporations 

engaged in (see also Agriculture and related industries) 154 



256 INDEX 

Forms: Page 

Corporation income-tax returns, 1120, 1120L 234-240 

Individual income-tax returns, 1040, 1040A 228-233 

Partnership returns, 1065 242-245 

Frequency distribution of individual returns, $5,000 and over, by size of 

certain items of income and deductions 13-14 

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 manufacture 

of (see also Forest products) 156 

G 

Gas companies, artificial and natural, income-tax returns of corporations 

(see also Transportation and other public utilities) 158 

Geographic distribution of returns defined 5 

Gift tax returns: 

Deductions 61-63 

Exclusions 59, 61-63 

Explanatory text 58-59 

Form of property — Real estate, stocks and bonds, cash, insurance, etc. 59, 61 

Identical donors, 1932 and 1933 . 60 

Net gift classes 61 

Number of returns, taxable and nontaxable 60, 62-63 

Rates, Revenue Acts 1924 and 1932 224 

Tax 60-62 

Total gift classes 62-63 

Total gifts by trust 59 

Gloves, harness, saddlery, tanning, trunks, etc., income-tax returns of 
corporations engaged in manufacture of (see also Leather and its manu- 
factures) 155 

Government securities, wholly and partially tax-exempt, reported in 
individual income-tax returns. (See Tax-exempt obligations.) 

Gross income, corporation income-tax returns: 

Consolidated returns 33-34 

Defined 3 

Industrial groups 23-24 

Industrial groups and subgroups 154—159 

Industrial groups by years, 1924 to 1933 190-194 

States 140-141, 195-205 

Years, 1916 to 1933 47 

Gross estate, estate-tax returns: 

Net estate classes 52-55 

States, resident decedents 56 

Years, 1916 to 1934, resident and nonresident decedents 58 

Gross receipts from other operations, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Industrial groups and total assets classes 172-189 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Gross sales, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Industrial groups and total assets classes 1 72-1 89 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

H 

Hardware, tools, etc., income-tax returns of corporations engaged in manu- 
facture of (see also Metal and its products) 157 

Heads of families, classified, individual income-tax returns 7 

Number and net income: 

Net income classes 74-75 

States 72-73 

Historical summaries: 
Estate-tax returns: 

Resident and nonresident, 1916 to 1934 58 



INDEX 257 

Historical summaries — Continued. 

Corporation income tax returns: Page 

Assets and liabilities, 1926 to 1933 49 

Industrial groups, 1924 to 1933 190-194 

Net income classes, 1930 to 1933 . 48 

States, 1924 to 1933 195-205 

Years, 1909 to 1933 47 

Gift-tax returns: 

Years, 1932 and 1933 60 

Individual income-tax returns: 

Average rate of tax, 1916 to 1933 42 

Net income by net income classes, 1916 to 1933 40 

Number bv net income classes, 1914 to 1933 39-40 

Sources of'income, 1916 to 1933 43-46 

States, 1923 to 1933 88-137 

Tax, 1916 to 1933 41 

Years, 1913 to 1933 38-39 

Holders and lessors of mining property, income-tax returns of corpora- 
tions (see also Mining and quarrying) 154 

Holding companies, income-tax returns of corporations (see also Finance). 159 
Household machinery and equipment, income-tax returns of corporations 

engaged in manufacture of (see also Metal and its products) 157 

Husbands and wives, individual income-tax returns of: 

Number and net income 7 

Net income classes 74-75 

States 72-73 

I 

Income and profits taxes paid foreign countries reported as tax credits: 

Corporation incom.e-tax returns 26 

Laws pertaining to 219 

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: 

Amount and percent 8, 10 

Average per return 5 

Defined 3 

Exempt from normal tax 8 

Net income classes 11, 68 

Net income classes and by sex and family relationship 74-75 

Net income classes and by States 88-137 

Percentage distribution by net income classes 12 

Sex and family relationship 7 

Simple and cumulative distribution, amounts and percentages, 

bv net income classes 6, 70-71 

States 67,88-137 

States and by sex and family relationship 72-73 

Subject to normal tax 8-69 

Years, 1913 to 1933, amount 38 

Years, 1916 to 1933, and by net income classes 40 

Years. 1923 to 1933, and by States 88-137 

Nontaxable, under $6,000: 

Net income classes 68-69 

Net income classes and by States 88-137 

Sources of: 

Amount and percent 10 

Frequency distribution, by size of certain items of income and 

deduction 13-14 

Net income classes 11, 79-81 

Net profit and net loss from business, returns of net income of 

$5,000 and over, by industrial groups 16-17, 82-87 



258 INDEX 

Individual income — Continued. 

Sources of — Continued. 

No net income: Pa se 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 76-78 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income of $5,000 and over 44-46 

Total: 

Amount and percent 8, 10 

Net income classes 11, 80 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 77 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income of $5,000 and over 44-46 

Individual income tax (see also Excess profits tax; Capital net gain): 

Amount, average per return, and rate on net income 5 

Amount by States 67, 88-137 

Average per return: 

For 1933 and 1932 5 

Net income classes 68 

States 67 

Years, 1916 to 1933, and bv net income classes 42 

Comparison, 1933 and 1932 5 

Credits. (See Credits, Individual income-tax returns.) 

Net income classes 68 

Net income classes and by States 88-137 

Normal tax: 

Net income classes 69 

Net income classes and bv States 88-137 

Rates, Revenue Acts 1909 to 1932 211 

Years, 1913 to 1933 39 

Simple and cumulative distribution, amounts and percentages, by net 

income classes 7 

States 67,88-137 

Surtax: 

Net income classes 69 

Net income classes and by States 88-137 

Rates, Revenue Acts 1909 to 1932 214-215 

Years, 1913 to 1933 39 

Total: 

Net income classes 68 

Net income classes and by States 88-137 

States 67,88-137 

Years, 1913 to 1933 39 

Years, 1916 to 1933, and bv net income classes 41 

Years, 1923 to 1933, and by States 88-137 

Individual income-tax returns (see also Individual income; Individual 
income tax): 

Changes in tax laws affecting comparability of statistical data: 

Credits 216-217 

Personal exemption 211 

Rates, Revenue Acts 1909 to 1932; Excess profits, normal tax 

and surtax 210-217 

Requirements for filing returns 210-213 

Supplemental rates and tax credits, Revenue Acts 1917 to 1932_ 216-217 

Comparison 1933 and 1932 returns 5 

Deductions in. (See Deductions.) 

Fiscal year returns tabulated 1 

Geographic distribution 5 

Method of compiling data, individual income-tax returns with net 

income under $5,000 2-3 



INDEX 259 

Individual income-tax returns — Continued. p age 

Net income classes and, under $6,000, by taxable and nontaxable 

returns _• 68-69 

Net income classes, by States and, under $10,000, by taxable and 

nontaxable returns 88-137 

No net income, form 1040 21, 138 

Deficit classes 138 

Sources of income and deduction 21 

States, number of returns and amount of deficit 138 

Number of: 

Counties, cities, and townships 22 

Frequency distribution, by size of certain items of income and 

deductions 13-14 

Net income classes 6 

Net income classes, by years, 1914 to 1933 39-40 

No net income 21 

Sex and family relationship 7, 74—75 

Simple and cumulative distribution, percentages by net income 

classes 7, 70 

States 67, 88-137 

Taxable and nontaxable returns, by vears, 1916 to 1933 38 

Years, 1913 to 1933 38 

Percentage of population filing, by States 67 

Personal exemption and credit for dependents 8 

Net income classes 67 

States 68 

Procedure in tabulation 1-3 

Sex and family relationship: 

Amount and percent 7 

Net income classes and, under $6,000, by taxable and non- 
taxable . 74—75 

States 72-73 

Simple and cumulative distribution, number, and percent, by net 

income classes 6, 70 

Sources of income and deductions: 

Amount and percent 10 

Frequency distribution, by size of certain items of income and 

deduction 13-14 

Net income classes 11, 79-81 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 76-78 

Years, 1916 to 1933 42-44 

Years, 1916 to 1933, for net income of $5,000 and over 44-46 

States... 67, 88-137 

Tax-exempt obligations 19-20 

Unaudited returns tabulated 2 

Years, by net income classes 39 

Years, 1913 to 1933, number, net income, and tax 38 

Individuals required to file returns, 1913 to 1933. (See Synopsis of 
Income and Profits Taxes.) 

Industrial classification, corporation income tax returns 4 

Insurance: 

Estate-tax returns, by net estate classes 52-55 

Gift-tax returns by net gift classes 61 

Insurance companies (see also Finance): 

Corporation income-tax returns 159 

Special deductions allowed 23 

Interest other than tax-exempt, individual income-tax returns: 

Amount and percent 8, 10 

Net income classes 11 

No net income, by deficit classes 138 

Percentage distribution by net income classes 12 

Years, 1919 to 1933 43-44- 

Years, 1919 to 1933, net income of $5,000 and over 44-46 



260 INDEX 

Interest on Government obligations. (See Tax-exempt obligations.) 
Interest paid: 

Corporation income-tax returns: Page 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Individual income-tax returns: 

Amount and percent 10 

Net income classes 11, 81 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 78 

Interest received: 

Corporation income-tax returns: 

Industrial groups.-. 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Individual income-tax returns: 

Amount and percent 8, 10 

Net income classes 11, 80 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 77 

Years, 1919 to 1933 43-46 

Inventories, in corporation balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Investments, tax-exempt and other than tax-exempt, in corporation 
balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Investment brokers, real estate, etc., individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 86 

Investments in bonds, stocks, etc.: 

Estate-tax returns by net estate classes 52-55 

Gift-tax returns by size of net gifts 61 

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) 156 

J 

Jewelry, precious metal products and processes, income-tax returns of 
corporations engaged in manufacture of (see also Metal and its prod- 
ucts) 157 

Joint returns of husbands and wives, individual income-tax returns: 

Number and net income 7 

Net income classes 74 

States 72 

Joint-stock land banks, income-tax returns of corporations (see also 

Finance) 159 

Jointly owned property, estate-tax returns (note 3) 54 

K 

Knit goods, hosiery, sweaters, etc., income-tax returns of corporations 

engaged in manufacture of (see also Textiles and their products) 155 



INDEX 261 

L 

Page 

Labor, net profit and net loss from business, by industrial groups 16-17 

Leather and its manufactures: * 

Corporation income-tax returns: 

Assets and liabilities, classified 162 

Compiled receipts and statutory deductions, classified 143, 

147, 151, 162 

Consolidated returns 33-34 

Industrial subgroups 155 

Returns showing net income and no net income 30 

Total assets classes 177-178 

Years, 1924 to 1933 191 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Legal service, individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 86 

Liabilities, in corporation balance sheets: 

Industrial groups 1 60-1 65 

Industrial groups and total asssets classes 1 72-1 89 

Returns showing net income and no net income 30 

Total assets classes 32, 166-171 

Years, 1926 to 1933 49 

Life-insurance companies, income-tax returns of corporations: 

Special deduction allowed 23 

Liquors and beverages (alcoholic and nonalcoholic): 
Corporation income-tax returns: 

Assets and liabilities, classified 161 

Compiled receipts and statutory deductions, classified. 143, 147, 151, 161 

Consolidated returns 33-34 

Industrial subgroups 155 

Returns showing net income and no net income 23-24 

Total assets classes 175 

Years 190 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Loan companies, etc., income-tax returns of corporations (see also 

Finance) 159 

Locomotives and railroad equipment, income-tax returns of corporations 

engaged in manufacture of (see also Metal and its products) 156 

Loss from sale of capital assets, net: 
Corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Loss from business, individual income-tax returns. (See Net loss from 

business.) 
Loss from sale of real estate, stocks, bonds, etc.: 
Individual income-tax returns: 

Amount and percent 10 

Frequency distribution by size of certain items of income and 

deduction 14 

Net income classes 11, 80 

No net income: 

Amount and percent 21 

Deficit classes 138 

Percentage distribution by net income classes 

States 77 

Years, 1920 to 1933 43-44 

Years, 1926 to 1933, net income ot $5,000 and over 44-46 



262 INDEX 

M 

Machinery — Building, construction, mining, etc. (See Metal and its 

products.) » 

Manufacturing: 

Corporation income-tax returns: Page 

Assets and liabilities, classified 161-164 

Compiled receipts and statutory deductions, classified 142- 

153, 161-164 

Consolidated returns 33-34 

Industrial subgroups t _ i 154-157 

Returns showing net income and no net income 23-24 

Total assets classes 173-184 

Years, 1924 to 1933 190-193 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 83 

Manufacturing not elsewhere classified: 
Corporation income-tax returns: 

Assets and liabilities, classified 164 

Compiled receipts and statutory deductions, classified 145, 

149, 153, 164 

Consolidated returns 33-34 

Industrial subgroups 157 

Returns showing net income and no net income 23-24 

Total assets classes 184 

Years, 1924 to 1933 193 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Men, individual income-tax returns: 

Number and net income 7 

Net income classes 74 

States 72 

Metal mining, copper, gold, iron, silver, etc., income-tax returns of cor- 
porations engaged in {see also Mining and quarrying) 154 

Metal and its products: 

Corporation income-tax returns: 

Assets and liabilities, classified 163 

Compiled receipts and statutory deductions, classified 145, 

149, 153, 163 

Consolidated returns 33-34 

Industrial subgroups 1 56-157 

Returns showing net income and no net income 23-24 

Total assets classes 183 

Years, 1924 to 1933 193 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Mill products, bran, flour, etc., income-tax returns of corporations engaged 

in manufacture of (see also Food and kindred products) 154 

Mining and quarrying: 

Corporation income-tax returns: 

Assets and liabilities, classified 160 

Compiled receipts and statutorv deductions, classified 142, 

146, 150, 160 

Consolidated returns 33-34 

Industrial subgroups 154 

Returns showing net income and no net income 23-24 

Total assets classes 173 

Years, 1924 to 1933 190 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 83 

Miscellaneous assets, in corporation balance sheets: 

Industrial groups 160-165 

Items included 30 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 



INDEX 263 

Miscellaneous deductions, corporation income-tax returns: Page 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Miscellaneous liabilities, in corporation balance sheets: 

Industrial groups 160-1 65 

Items included 30 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Miscellaneous receipts, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

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) 158 

Motion-picture theaters, income-tax returns of corporations (see also 

Service — Amusements) 158 

Motor vehicles, complete or parts, income-tax returns of corporations 

engaged in manufacture of (see also Metal and its products) 156 

Musical instruments, optical goods, etc., income-tax returns of corpora- 
tions engaged in manufacture of (see also Manufacturing not elsewhere 
classified) 157 

N 

National banks, income-tax returns of corporations 159 

National Industrial Recovery Act 218-219 

Nature of business not given: 

Corporation income-tax returns: 

Assets and liabilities, classified 165 

Compiled receipts and statutory deductions, classified 145, 

149, 153, 165 

Consolidated returns 33-34 

Returns showing net income and no net income 23-24 

Total assets classes 189 

Years, 1924 to 1933 194 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 87 

Net estate, estate-tax returns (see also Estate-tax returns): 

Defined 50 

Form of property 52-55 

Net estate classes 57 

States 56 

Years, 1916 to 1934 58 

Net gift tax. (*See Gift-tax returns). 

Net income, corporation or individual. (See Corporation income; Indi- 
vidual income.) 
Net loss from business, individual income-tax returns: 

Amount and percent 10 

Frequency distribution by size of certain items of income and deduc- 
tion 13 

Industrial groups 16-17, 82-87 

Net income classes 11, 80 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

Size of net profit and net loss 82-87 

States 77 

Years, 1930 to 1933 44,46 

Net loss from partnership, individual income-tax returns: 

Amount and percent 10 

Net income classes 13 



264 INDEX 

Net loss from partnership, individual income-tax returns — Continued. 

No net income: Page 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 78 

Years 44, 46 

Net profit from business, individual income-tax returns: 

Amount and percent 10 

Frequency distribution by size of certain items of income and deduc- 
tions 13 

Industrial groups 16-17, 82-87 

Industrial groups and size of net profit and net loss 82-87 

Years, 1916 to 1933 43-46 

Normal income tax, individual income-tax returns (see also Individual 

income tax) 69, S8-137 

Notes and accounts payable, in corporation balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Notes and accounts receivable, in corporation balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

O 

Obligations of the United States and its possessions, etc., individual 
income-tax returns: 

Amount owned and interest received, by net income classes 19-20 

Obligations of States and Territories: 

Amount owned and interest received, by net income classes 19-20 

Office equipment, etc., income-tax returns of corporations engaged in 

manufacture of (see also Metal and its products) 157 

Oil and gas, income-tax returns of corporations engaged in production of 

(see also Mining and quarrying) 154 

Other income, individual income-tax returns: 

Amount and percent 10 

Net income classes 11, 80 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 77 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income $5,000 and over 44-46 

Other taxable interest, individual income-tax returns: 

Amount and percent 10 

Net income classes 11, 80 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 77 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income $5,000 and over 44-46 

P 

Packing house products, bacon, fresh meats, hams, etc., income-tax returns 
of corporations engaged in manufacture of (see also Food and kindred 
products) 154 



INDEX 265 

Paper, pulp, and products: 

Corporation income-tax returns: Page 

Assets and liabilities, classified 163 

Compiled receipts and statutory deductions 144, 148, 152, 163 

Consolidated returns 33-34 

Returns showing net income and no net income 23-24, 156 

Total assets classes 180 

Years, 1924 to 1933 192 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Partially tax-exempt obligations, individual income-tax returns (see also 

Wholly and partially tax-exempt obligations) 8, 10, 11-12, 19-20, 21, 138 

Part-year returns, corporation income-tax returns 36 

Partnership returns of income, number of, 1917 to 1933 22 

Partnerships, individual income from: 

Amount and percent 10 

Defined 9 

Net income classes 11, 79 

Net loss from 10, 11, 12,78,81 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 76 

War excess-profits tax (note 2) 39 

Years 1917 to 1933__ _ 43-44 

Years! 1917 to 1933, net income of $5,666 and over "__ 44-46 

Personal exemption, individual income-tax returns: 

Amount and percent 8 

Net income classes, and under $6,000, by taxable and nontaxable 

returns 68 

States 67 

Petroleum and other mineral oil refining, income-tax returns of corpora- 
tions engaged in (see also Chemicals and allied substances) 156 

Population of the United States, estimated as of July 1, 1933 67 

Power of appointment, estate-tax returns, by net estate classes (note 3)__ 54 
Precious metals, jewelry, products and processes, etc., income-tax returns 
of corporations engaged in manufacture of (see also Metal and its 

products) 157 

Preferred stock, in corporation balance sheets: 

Industrial groups 1 60-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Printing, publishing, and allied industries: 
Corporation income-tax returns: 

Assets and liabilities, classified 163 

Compiled receipts and statutory deductions, classified. 144, 148, 152, 163 

Consolidated returns 33-34 

Returns showing net income and no net income 23-24, 156 

Total assets classes 181 

Years, 1924 to 1933 192 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Professional service, curative, educational, legal, etc., income-tax returns 

of corporations engaged in (see also Service) 159 

Profit from sale of capital assets, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Profit from sale of real estate, stocks, bonds, etc.: 
Individual income-tax returns: 

Amount and percent 10 

Frequency distribution by size of certain items of income and 

deduction 14 

Net income classes 11) 79 



266 INDEX 

Profit from sale of real estate, stocks, bonds, etc. — Continued. 
Individual income-tax returns — Continued. 

No net income: Page 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 76 

Years, 1917 to 1933 43-44 

Years, 1917 to 1933, net income of $5,000 and over 44-45 

Property in estate-tax returns of resident decedents by net estate classes, 

classified 52-55 

Property previously taxed, estate-tax returns (note 3) 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) 158 

Radios, complete or in parts, income-tax returns of corporations engaged in 

manufacture of (see also Manufacturing not elsewhere classified) 157 

Rail transportation, income-tax returns of corporations engaged in (see 

also Transportation and other public utilities 157 

Real estate, buildings and equipment. (See Capital assets.) 
Real estate and holding companies, etc., income-tax returns of corpora- 
tions (see also Finance) 159 

Real estate: 

Gift-tax returns, by gift classes 61 

Individual income-tax returns 16-17, 87 

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 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Individual income-tax returns: 

Amount and percent 10 

Frequency distribution by size of certain items of income and 

deductions 14 

Net income classes 11, 79 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 76 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income of $5,000 and over 44-45 

Requirements for filing individual income-tax returns (see also Revenue 

Acts, 1909 to 1932) 210-211 

Restaurants, hotels, etc., income tax returns of corporations (see also 

Service) 158 

Retail trade, income tax returns of corporations engaged in (see also 

Trade) 158 

Returns tabulated, individual and corporation 1-3 

Returns on form 1040, no net income: 

Deficit classes 138 

Sources of income and deduction 21, 138 

States . 138 

Revenue Acts, 1909 to 1932: 

Corporation income-tax returns: 

Income and profits tax rates and credits 21 8-22 1 

Estate- tax returns: 

Tax rates, specific exemption, and credits against estate tax__ 222-223 
Excess-profits-tax rates, war and 219 



ixdex 267 

Revenue Acts, 1909 to 1932— Continued. 

Gift-tax returns: Page 

Tax rates and specific exemption 224 

Individual income-tax returns: 

Required to file returns; personal exemptions, credit for depend- 
ents, and normal tax rates 210-211 

Supplemental income and profits tax rates and tax credits 216-217 

Surtax rates 214-215 

Revised items in tables, Statistics of Income for 1930, 1931, and 1932 36-37 

Revision of amount of taxes paid other than income tax and cost of goods 

sold 29 

Royalties. (See Rents and royalties.) 
Rubber products: 

Corporation income-tax returns: 

Assets and liabilities, classified 162 

Compiled receipts and statutory deductions, classified 143, 

147, 151, 162 

Consolidated returns 33-34 

Industrial subgroups 155 

Returns showing net income and no net income 23-24 

Total assets classes 178-179 

Years, 1924 to 1933 191 

Individual income-tax returns: 

Net profit and net loss from business _ 16-17 

S 

Salaries, wages, commissions, fees, etc.: 
Individual income-tax returns: 

Amount 10 

Frequency distribution by size of certain items of income and de- 
ductions 13 

Net income classes 11, 79 

Net profit and net loss from business 17 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 76 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income of $5,000 and over 44-45 

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 en- 
gaged in manufacture of (see also Forest products) 156 

Securities, wholly and partially tax-exempt. (See Tax-exempt obligations; 

Obligations.) 
Service: 

Corporation income-tax returns: 

Assets and liabilities, classified 165 

Compiled receipts and statutory deductions, classified 145, 

149, 153, 165 

Consolidated returns . 33-34 

Industrial subgroups 158-159 

Returns showing net income and no net income 23-24 

Total assets classes 187 

Years, 1924 to 1933 194 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 85-86 

Shipbuilding and repairing, income-tax returns of corporations engaged in 

(see also Construction) 157 

Silk and rayon goods, etc., income-tax returns of corporations engaged in 

manufacture of (see also Textiles and their products) 155 

Simple and cumulative distribution of individual income-tax returns. (See 
Individual income-tax returns.) 

5984—35 IS 



268 INDEX 

rage 
Soft drinks, mineral waters, wine, etc., income-tax returns of corporations 

engaged in manufacture of (see also Liquors and beverages) 155 

Sources of income and deductions, individual income-tax returns: 

Amount and percent 10 

Frequency distribution by size of certain items of income and deduc- 
tions 13-14 

Net income classes 11-12, 79-81 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

States 76-78 

Years, 1916 to 1933 43-44 

Years, 1916 to 1933, net income of $5,000 and over 44-46 

State and local securities, reported in individual income-tax returns 19-20 

State and municipal bonds, estate-tax returns, by net estate classes 52-55 

State and private banks, income-tax returns of corporations (see also 

Finance) 159 

Statutory deductions, corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Statutory net income (or net deficit) , corporation income-tax returns: 

Industrial groups 142-153, 160-165 

Industrial groups and total assets classes 172-189 

Total assets classes 32, 166-171 

Steam railroads, etc., income-tax returns of corporations engaged in (see 

also Transportation and other public utilities) 157 

Stock and bond brokers, income-tax returns of corporations (see also 

Finance) 159 

Stock dividends in corporation income-tax returns. (See Dividends.) 
Stock dividends paid, in corporation balance sheets: 

Industrial groups 142-153, 160-165 

States 141 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Years, 1922 to 1933 27 

Stocks and bonds: 

Gift-tax returns 61 

Estate-tax returns 52-55 

Stone, clay, and glass products: 

Corporation income-tax returns: 

Assets and liabilities, classified 163 

Compiled receipts and statutory deductions, classified. 144, 148, 152, 163 

Consolidated returns 33-34 

Returns showing net income and no net income 23-24, 156 

Total assets classes 1 182-183 

Years, 1924 to 1933 192 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Subsidiaries, corporation income-tax returns. (See Consolidated returns.) 
Sugar — Cane, beet, maple, etc., income-tax returns of corporations en- 
gaged in manufacture of (see also Food and kindred products) 155 

Surplus and undivided profits, in corporation balance sheets: 

Industrial groups 160-165 

Industrial groups and total assets classes 172-189 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Surtax, individual income tax (see also Individual income tax) 39, 69, 88-137 

.Synopsis of Federal income and profits-tax rates, estate- and gift-tax rates, 
credits and exemptions, affecting comparability of data in Statistics of 
Income 210-224 



INDEX 269 

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: Page 

Industrial groups 142-153, 160-165 

Revision in process 29 

Submitting and not submitting balance sheets 28 

Total assets classes 166-171 

Individual income-tax returns: 

Amount and percent 10, 11, 12 

Net income classes 81 

No net income: 

Amount 21 

Deficit classes 138 

Percentage distribution by net income classes 12 

Sources of income and deductions 10, 11, 12 

States 78 

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 160-165 

Returns showing net income and no net income 30 

Total assets classes 166-171 

Years, 1926 to 1933 49 

Estate-tax returns, size of net estate 52-55 

Individual income-tax returns, net income classes 19-20 

Tax forms for 1933 228-245 

Telephone and telegraph companies, income-tax returns of corporations 

(see also Transportation and other public utilities) 158 

Tentative tax, estate-tax returns 52-55 

Textiles and their products: 

Corporation income-tax returns: 

Assets and liabilities, classified 161 

Compiled receipts and statutory deductions, classified. 143, 147, 151, 161 

Consolidated returns 33-34 

Industrial subgroups 155 

Returns showing net income and no net income 23-24, 155 

Total assets classes 177 

Years, 1924 to 1933 191 

Individual income-tax returns: 

Net profit and net loss from business — 16-17 

Theaters, legitimate, vaudeville, etc., income-tax returns of corporations 

(see also Service) — 158-159 

Tires and tubes, etc., income-tax returns of corporations engaged in the 

manufacture of (see also Rubber products) 155 

Tobacco products: 

Corporation income-tax returns: 

Assets and liabilities, classified 161 

Compiled receipts and statutory deductions, classified- 143, 147, 151, 161 

Consolidated returns 33-34 

Returns showing net income and no net income 23-24, 155 

Total assets classes 176 

Years, 1924 to 1933 191 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Trade: 

Corporation income-tax returns: 

Assets and liabilities, classified 165 

Compiled receipts and statutory deductions, classified. 145, 149, 153, 165 

Consolidated returns 33-34 

Industrial subgroups 1 58 

Returns showing net income and no net income -23-24, 158 

Total assets classes 186-187 

Years, 1924 to 1933 194 



270 IXDEX 

Trade — Continued. 

Individual income-tax returns: p age 

Net profit and net loss from business 16-17 

Size of net profit and net loss 84 

Transfers made in contemplation of death, estate-tax returns, by net estate 

classes (note 3) 54 

Transportation and other public utilities: 
Corporation income-tax returns: 

Assets and liabilities, classified 164 

Compiled receipts and statutory deductions, classified. 145, 149, 153, 164 

Consolidated returns 33-34 

Industrial subgroups 157-1 58 

Returns showing net income and no net income 23-24, 157 

Total assets classes 185-186 

Years, 1924 to 1933 193 

Individual income-tax returns: 

Net profit and net loss from business 16-17 

Size of net profit and net loss 84 

Trust companies, savings banks, etc., income-tax returns of corporations 

(see also Finance) 159 

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 invest- 
ments) 18-20 

W 

Wages, salaries, commissions, etc., individual income-tax returns. (See 

Salaries, wages, commissions, etc.) 
War-profits and excess-profits taxes. (See Excess-profits tax.) 
Water companies, corporation income-tax returns (see also Transportation 

and other public utilities) 158 

Water transportation, income-tax returns of corporations (see also Trans- 
portation and other public utilities) 157 

Wholly and partially tax-exempt obligations, individual income-tax 

returns 19-20 

Amount owned by net income classes 19 

Interest received by net income classes 20 

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 75 

States 73 

Women, single, individual income-tax returns of: 
Number of returns and amount of net income: 

Net income classes 74-75 

States 72-73 

Woolen and worsted goods, income-tax returns of corporations engaged 

in manufacture of (see also Textiles and their products) 155 

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