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a S. SUPT. OF DOCUMENTS 



STATISTICS OF INCOME 
FOR 1934 

PART 1 

COMPILED FROM INDIVIDUAL INCOME TAX RETURNS 

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 1934 



PART 1 

COMPILED FROM INDIVIDUAL INCOME TAX 

RETURNS, ESTATE TAX RETURNS 

AND GIFT TAX RETURNS 



PREPARED UNDER DIRECTION OF THE 

COMMISSIONER OF INTERNAL REVENUE 
BY THE 

STATISTICAL SECTION, INCOME TAX UNIT 




UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON : 1936 



For sale by the Superintendent of Documents, Washington, D. C. ............. Price 15 i 



U» U. iiU:'L;;.UHNGENT OF DC 



CONTENTS 



Page 

OflBcial transmittal 1-56 

Individual income tax returns — General explanations 1-5 

Returns tabulated 1-3 

General definitions 3-4 

Geographic dist ribution 4 

Comparability with previous reports 5. 

income tax returns 

Individual income tax returns: 

Number of returns, net income, and tax 5 

Simple and cumulative distribution of number of returns, net income 

and tax, by net inconi.e classes 5-6 

Classification by sex and family relationship 7 

Personal exemption and credits against net income 7 

Capital gains and losses 8 

Sources of income and deductions 8-12 

Amounts and percentages 9 

Amounts and frequency distribution, by net income classes 10-11 

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 

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

bj' industrial groups 14-17 

Whollv and partiallv tax-exempt obligations, returns of net income of 

$5,000 and over 18-20 

Amount owned and interest received by net income classes 18-19 

Returns on form 1040 with no net income 20-21 

By deficit classes 20 

Sources of in con e and deductions, amount 21 

Number of returns bj' counties, cities, and towns 21 

Partnership returns of income 21 

Number by years, 1917-34 22 

Historical summaries, individual income tax returns: 

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

tax, 1913-34 22-23 

Number, by net income classes, 1914-34 23-24 

Net income, by net income classes, 1916-34 24-25 

Tax, by net income classes, 1916-34 25-2& 

Average rate of tax on net incom.e, by net income classes, 1916-34 26 

Sources of income and deductions, 1916-34: 

All returns 27-2S 

Returns of net income of $5,000 and over 29-31 

ESTATE TAX RETURNS 

General explanations 32-35 

Table 1. Taxable and nontaxable returns of citizen or resident decedents. 
Number of returns, gross estate, deductions, net estate, and 
tax, by revenue acts under which returns were filed 36-3S 

Table 2. Taxable returns of resident decedents who died prior to May 11, 
1934. Number of returns, gross estate, and deductions, by net 
estate classes 39-41 

Table 3. Taxable returns of citizen or resident decedents who died on or 
after May 11, 1934. Number of returns, gross estate, and 
deductions, by net estate classes 42-45 

III 



IV CONTENTS 

Page 

Table 4. Taxable returns of resident decedents who died prior to May 11, 
1934. Number of returns, net estate, and tax, by net estate 
classes 44-45 

Table 5. Taxable returns of citizen or resident decedents who died on or 
after May 11, 1934. Number of returns, net estate, and tax, 
by net estate classes 46-47 

Table 6. Taxable and nontaxable returns of citizen or resident decedents. 
I3y States and Territories and by revenue acts under which 
returns were filed 48-49 

Table 7. Historical summary of returns of resident and nonresident de- 
cedents, 1916-35 50 

GIFT TAX RETURNS 

General explanations 50-52 

Gift tax returns for 1934 — By form of property — Total gifts, amount 

by trust, and all other gifts 52 

Gift tax returns for 1932, 1933, and 1934— Total number of returns, 

taxable and nontaxable, total gifts, net gifts, and tax 52 

Gift tax returns of identical donors for 1934 and preceding years^ 

Number, net gifts, and tax 52 

Table 1. Gift tax returns for 1934 by net gift classes — Number of returns, 
total gifts by form of property, exclusions, total gifts after 

exclusions, deductions, net gifts, and tax 53-54 

Table 2. Gift tax returns for 1934 by total gift classes and by taxable 
and nontaxable returns — Number of returns, total gifts before 
exclusions, exclusions, total gifts after exclusions, deductions, 
net gifts, and tax 55-56 

BASIC TABLES— INDIVIDUAL INCOME TAX RETURNS 

United States in aggregate (1-8, 10, 11): 

1. By States and Territories 59 

2. By net income classes 60-61 

3. Simple and cumulative distribution, by net income classes 62-63 

4. Sex and family relationship, by States and Territories 64-65 

5. Sex and family relationship, by net income classes 66-67 

6. Sources of income and deductions, by States and Territories 68-70 

7. Sources of income and deductions, by net income classes; also 

total number of returns, and for returns of net income of 
$5,000 and over, numl^er of returns for each specific source of 
income and dediiction 71-74 

8. Frequency distribution by size of profit and loss from business 

(other than partnerships) by industrial groups — Number of 
businesses and amount — Returns of net income of $5,000 and 
over 75-80 

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

by States and Territories 106 

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

deductions, and deficit, by deficit classes 106-107 

States and Territories separately (9) : 

9. By net income classes with historical summary, 1924-33 81-105 

REVENUE ACTS OF 1913 TO 1M4 AND CERTAIN TAX PROVISIONS OF THE NATIONAL 
INDUSTRIAL RECOVERY ACT— A SYNOPSIS OF INDIVIDUAL INCOME AND PROFITS 
TAX RATES, ESTATE AND GIFT TAX RATES. CREDITS AND EXEMPTIONS AFFECTING 

the comparability of data in "statistics of income" 

Individual: ^^^^ 

Required to file returns, personal exem.ption, credit for dependents, 

and normal tax rates, 1913-34 112-115 

Surtax rates, 1913-34 116-117 

Supplemental income and profits tax rates and tax credits, 1917-34. 118-119 

Estate tax: 

Rates, specific exemption, and credits against estate tax, 1916-34. 120-121 

Gift tax: 

Rates, and specific exemption, 1924-32 122 

Income tax forms: 

Facsimiles of forms 1040, 1040A, and 1065 for 1934 123-135 

Index 137-150 



STATISTICS OF INCOME FOR 1934 



PART 1 



INDIVIDUAL INCOME TAX RETURNS, ESTATE TAX RETURNS, AND GIFT 

TAX RETURNS 

Treasury Department, 
Office of Commissioner of Internal Revenue, 

Washington, D. C, November 16, 1936. 
Sir: In accordance with the provisions contained in the Revenue 
Act of 1916 and subsequent acts for the pubhcation annually of 
statistics 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 1934, Part 1", prepared from in- 
dividual income tax returns for that year filed during 1935, with a 
historical presentation of the income and tax liability reported by 
individuals 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 
1935, irrespective of the date of death of the decedent, as well as 
tabulations of data from gift tax returns filed during 1935, with brief 
historical summaries. 

INDIVIDUAL INCOME TAX RETURNS 

GENERAL EXPLANATIONS 

Returns tabulated. — The individual income tax returns for the cal- 
endar year 1934 were filed under the provisions of the Revenue Act of 
1934. The major changes provided by this act, afi'ecting individual 
income taxes, were: The revision in the normal tax rate from 4 and 8 
percent to 4 percent; for the purpose of normal tax, a credit against 
net income of 10 percent of earned net income (with certain limita- 
tions); for the purpose of a surtax, credits against net income for 
personal exemption and for dependents; surtaxes graduated from 
4 percent on "surtax net income" in excess of $4,000 and not in excess 
of $,6000 up to 59 percent on the amount of "surtax net income" 
in excess of $1,000,000, in lieu of 1 percent on net income in excess 
of $6,000 and not in excess of $10,000 to 55 percent on the amount of 
net income in excess of $1,000,000; a new definition of capital assets 
to include all property held by the taxpayer, regardless of time held, 
whether or not connected with trade or business (except stock in 
trade, or property which would ordinarily be included in inventory, 
or property held for sale to customers in ordinary course of trade or 
business); proration and limitation of the gains and losses from sale 
or exchange of capital assets whereby (1) certain percentages, which 



2 STATISTICS OF INCOME 

vary according to the period for which the assets have been held, 
of the gain or loss recognized upon such sales or exchanges shall be 
taken into account in computing net income, and (2) the deduction 
for capital losses is limited to an amount not in excess of $2,000, 
after deducting the gains from the sales or exchanges of capital assets. 

The year for which the income is reported is, in general, the calendar 
year ended December 31, 1934. However, there is included a negli- 
gible number of fiscal year and part year returns. These returns are 
tabulated with the calendar year returns for the year in wliich the 
greater part of their accounting period falls. Thus there are included 
with the returns for the calendar year 1934, returns with fiscal year 
ended within the period July 1, 1934, to June 30, 1935, and part year 
returns for which the greater part of the period fell in 1934. Returns 
for fiscal years beginning in 1933 and ending prior to December 31, 
1934, were filed under the provisions of the Revenue Act of 1932 and 
the income tax provisions of the National Industrial Recovery Act. 

The general tables for individuals include only returns showing net 
iticome. The data tabulated from individual returns with no net 
income are shown on pages 20 to 21. Prior to 1928 no tabulations 
were made from individual returns with no net income. The Revenue 
Act of 1921 and subsequent acts provide that a return be filed, irre- 
spective of the amount of net income (or deficit) by every individual 
if single or if married and not living with husband or wife, having a 
gross income of $5,000 and over, and every married couple living 
together having an aggregate gross income of $5,000 and over. More- 
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 taxpayer elects to change 
the accounting period. 

The statistics contained in tliis report are based on the taxpayers' 
returns as filed, unaudited except for a preliminary examination to 
insure proper execution of the returns, and include the revised data 
reported in amended returns showing net income of $100,000 and 
over, but do not include tentative returns or data shown in 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 filed on form 1040 wliich display 
income characteristics 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, 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, excepting those on form 1040 specified above (which num- 
bered approximately 417,000), represent estimates based on samples 
of such returns. Averages for the various items from a sample for 
each State are applied to the total number of returns of the class 
which they represent to secure estimates for the particular State. 
The samples are selected from both forms on which individual in- 
comes are reported — form 1040 for 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. 



STATISTICS OF INCOME 3 

All returns, form 1040, are sent to Washington for administrative 
action and those with net income under $5,000, excepting those 
referred to above, are sampled by the Statistical Section, The re- 
turns, form 1040 A, are retained in the collection districts and samples 
only are sent to Washington. 

The sample for 1934 included approximately 243,000 returns on 
form 1040 and 255,000 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 form 1040 was 4,000 wherever the number filed exceeded that 
figure, and for form 1040A 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 tables 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. 

This year, for the first time, in basic tables 2, 5, and 9, the data 
for returns with net income from $1,000 to $5,000 are tabulated in 
more detail than in former years. Eight net income classes progress- 
ing by $500 brackets are presented in place of four net income classes 
of $1,000 steps. 

General definitions. — Throughout this report "net income" repre- 
sents the amount of gross income, as defined in the revenue laws 
efi^ective for the year for which the returns are filed, in excess of 
the deductions claimed by the taxpayer under the provisions of the 
respective laws, and "deficit" means excess of deductions over gross 
income. Credits allowed individuals, such as personal exemption, 
credit for dependents, and credit for earned income, are not included 
in deductions. 

In the returns for 1934, net income of individuals includes the pro- 
portion of the gains and losses from the sale of capital assets required 
to be reported under the Revenue Act of 1934. (See pp. 8 and 9 
for a more detailed statement concerning treatment of net capital 
gains and losses.) The "surtax net income" represents the amount 
of net income less personal exemption and credit for dependents. 
The amount of net income subject to normal tax is determined by sub- 
tracting from the "surtax net income" the amounts of interest received 
on Government obligations not wholly exempt from tax, dividends 
received, and earned income credit. 

The amount of tax liability as reported in the returns for 1934 
and shown in the tabulations in this volume is not entirely compara- 
ble with the amount of taxes collected during the calendar year 1935. 
Several factors are responsible for the differences in the taxes col- 
lected and the tax liability reported in the returns, 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 



4 STATISTICS OF INCOME 

that adjustment may be made as the result of audit of returns. 
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 applied as 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 tabu- 
lations m this report. The aggregate amounts of such taxes paid to 
foreign countries or possessions of the United States taken as a credit 
by individuals 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 convenant bonds are 
deductible from income taxes payable by individuals but are not 
deducted in the income tax liability of individual returns shown herein. 

3. The amount of income taxes in fiscal year returns included in 
this tabulation may not represent taxes collected during 1935 on such 
returns. Fiscal year returns are recjuired 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 1935, collections were made of part or all of the taxes 
reported in returns for fiscal years ended from January 31, 1934 (the 
last qiuirterly installment payment on which was due on or before 
Jan. 15, 1935), to September 30, 1935 (the filing of returns and the full 
payment or first installment payment on wliich was due on or before 
Dec. 15, 1935), whereas, as previously indicated, there are excluded 
from the statistics in tliis report the returns for fiscal years ended 
prior to July 1, 1934, and subsequent to June 30, 1935. 

4. Delays in payment due to financial embarrassment, death, 
liquidation of business, or any other cause, result in collections of 
taxes after the close of the year in which such taxes are due, and the 
classification of such collections as "back taxes" because made in a 
subsequent 3"ear. Certain amounts are uncollectible, due likewise to 
the above causes. 

5. Collections in the current year include such interest and penal tj'' 
items as are received in connection ^^'ith delinquent payments on 
returns. 

Geographic distribution. — An individual files his income tax return 
in the collection district in which his legal residence or principal place 
of business is located. The data, although tabulated by returns 
filed in each State, do not represent what may be called the geographic 
distribution of income, as income reported by an individual in one 
State may have been derived from sources in other States. It is not 
possible to ascertain from the individual income tax returns the 
amount of income originating in the respective States or the amount 
of tax paid on that basis. 



STATISTICS OF INCOME 5 

Comparability urith jyrevious reports. — In various sections of this 
report, attention is called to changes in the provisions of the revenue 
acts under which the returns for given years are filed which interfere 
with a precise comparability of the data over a period of years. The 
major provisions of the revenue acts from 1913 to date are shown on 
pages 109 to 122. 

NUMBER OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS) 

The returns of individuals reporting net income for 1934 numbered 
4,094,420, of which 1,795,920 were taxable and 2,298,500 nontaxable. 
The aggregate net income was $12,796,802,082; the net income on 
taxable returns was $8,343,558,291, on wliich the tax liability was 
$511,399,778. As compared with the returns for the pre\dous year, 
the total number for 1934 increased by 370,862, or 10 percent. The 
number of taxable returns increased by 48,180, or 2.8 percent, the net 
income reported on the taxable returns increased by $970,897,939, or 
13.2 percent, and the tax hability increased by $137,279,309, or 36.7 
percent. 

The average net income for 1934 was $3,125.42 for all returns and 
$4,645.84 for taxable returns, the average amount of tax liability 
was $124.90 for all returns and $284.76 for taxable returns, and the 
average tax rate was 4 percent for all returns and 6.1 percent for 
taxable returns. For the preceding vear the average net income was 
$2,956.48 for all returns and $4,2\s.40 for taxable returns, the 
average tax liability was $100.47 for all returns and $214.06 for tax- 
able returns, and the average tax rate was 3.4 percent for all returns 
and 5.1 percent for taxable returns. The ratio of the number of 
returns reporting a net income to the total population (Census Bureau 
estimate of population as of July 1, 1934) was 3.2 percent, as compared 
with a corresponding ratio for the preceding year of 3 percent. 

The distribution of returns of individuals by States and Territories 
is given in the basic table 1, page 59, and by net income classes in 
basic table 2, pages 60 and 61. Each of these tables shows number of 
returns, net income, tax, personal exemption, and credit for depend- 
ents. This year, for the first time, basic table 2 contains the amount 
of personal exemption tabulated separately from the amount of credit 
for dependents. 

SIMPLE AND CUMULATIVE DISTRIBUTION BY NET INCOME CLASSES OF NUMBER 
OF RETURNS, NET INCOME, AND TAX (INDIVIDUAL RETURNS) 

The distribution of the returns by a limited number of net income 
classes is exhibited in the following table, which includes the number 
of returns, net income, and tax; also cumulative totals and percent- 
ages. In basic table 3, pages 62 and 63, a similar distribution of the 
number of returns, net income, and tax is shown by a more detailed 
net income classification. 



STATISTICS OF INCOME 



Simple and cumulative distribution of individual returns for 1934, by net income 
classes, showing number of returns, net income, tax, and -percentages ' 

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





Returns 


Net income classes 


Simple distribution 


Cumulative distri- 
bution from high- 
est income class 


Cumulative distribu- 
tion from lowest 
income class 




Number 


Percent 


Number 


Percent 


Number 


Percent 




320, 460 

1, 608, 095 

980, 682 

762, 536 

290, 824 

102, 892 

20,931 

6,093 

982 

690 

116 

86 

33 


7.83 

39.28 

23.95 

18.62 

7.10 

2.51 

.51 

.15 

.02 

.02 

(2) 


4, 094, 420 

3, 773, 960 

2, 165, 865 

1, 185, 183 

422, 647 

131, 823 

28,931 

8,000 

1,907 

925 

235 

119 

33 


100.00 
92. 17 
52.90 
28. 95 
10.32 
3.22 
.71 
.20 
.05 
.02 
(2) 
(2) 
(2) 


320, 460 
1, 928, 555 

2, 909, 237 

3, 671, 773 

3, 962, 597 

4, 065, 489 
4, 086. 420 
4, 092, 513 
4, 093, 495 
4, 094, 185 
4, 094, 301 
4, 094, 387 
4, 094, 420 


7.83 




47.10 




71.05 


3-5 (estimtaed) . -- 


89,68 


5-10 - . . 


96.78 


10-25 .-- --- 


99.29 


25-50 


99.80 


50-100 


99.95 


100-150 


99.98 


150-300 . 


99.99 


300-500 


99.99 


500-1,000 


99.99 


1,000 and over . 


100. 00 






Total 


4, 094, 420 


100. 00 



























Net income 






Net income classes 


Simple distribution 


Cumulative distri- 
bution from high- 
est income class 


Cumulative distribu- 
tion from lowest 
income class 




Amount 


Percent 


Amount 


Percent 


Amount 


Percent 


Under 1 (estimated) 


211,113 

2, 277, 726 

2, 467, 851 

2, 839, 348 

1,952,891 

1. 513, 592 

708, 530 

405, 976 

117,744 

140, 900 

43, 832 

59, 464 

57, 775 


1.65 

17.80 

19.28 

22. 19 

15.26 

11.83 

5.54 

3.17 

.92 

1.10 

.34 

.46 

.46 


12, 796, 802 

12, 585, 689 

10, 307, 964 

7,840,112 

5, 000, 764 

3, 047, 873 

1, 534, 281 

825, 751 

419, 775 

302, 031 

161,071 

117,239 

57, 775 


100. 00 

98.35 

80.55 

61.27 

39.08 

23.82 

11.99 

6.45 

3.28 

2.36 

1.26 

.92 

.46 


211,113 
2, 488, 839 
4, 9.56, 690 
7, 796, 038 
9, 748, 929 
11,262,521 
11,971,051 
12, 377, 027 
12.494,771 
12,63.5,731 
12, 679, 564 
12. 739, 028 
12, 796, 802 


1.65 




19.45 


2-3 (estimated) 


38.73 


3-5 (estimated) 


60.92 


5-10 


76. 18 


10-25 . . ..- 


88.01 


25-50 


93.55 


50-100 -- 


96.72 


100-150 .. - 


97.64 


150-300 


98.74 


300-500 - 


99.08 


500-1,000 


99. 54 


1,000 and over 


100.00 






Total 


12, 796, 802 


100. 00 





















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 

1.50-300 

300-500.... 

500-1,000 

1,000 and over 

Total 



Tax 



Simple distribution 



Amount Percent 



111 

8,659 

7,567 

18, 349 

43, 086 

83, 960 

84, 907 
84. 792 
38, 166 
57, 995 
20, 854 
30, 745 
32,211 



511,400 



0.02 

1.69 

1.48 

3.59 

8.43 

16.42 

16.61 

16.58 

7.46 

11.34 

4.08 

6.01 

6.29 



100. 00 



Cumulative distri- 
bution from high- 
est income class 



Amount 



511,400 
511,289 
502, 630 
495, 063 
476, 714 
433, 628 
349, 668 
264. 762 
179,970 
141,804 
83,810 
62, 955 
32,211 



Percent 



100. 00 
99.98 
98.29 
96.81 
93. 22 
84.79 
68.37 
51.76 
35.18 
27.72 
16.38 
12.30 
6.29 



Cumulative distribu- 
tion from lowest 
income class 



Amount Percent 



111 

8,770 

16,337 

34, 686 

77, 772 

161,731 

246, 638 

331,430 

369, 596 

427, 591 

448, 445 

479, 190 

511.400 



0.02 

1.71 

3.19 

6.78 

15.21 

31.63 

48.24 

64.82 

72.28 

83.62 

87.70 

93.71 

100. 00 



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



2 Less than one-hundredth of 1 percent. 



STATISTICS OF INCOME 7 

CLASSIFIC ATION 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 tax- 
payer. In basic tables 4 and 5, pages 64 to 67, similar data are shown 
by States and Territories and by net income classes, respectively. 



Individual returns for 1934, by sex and family relationship of taxpayer, showing 
number of returns, net income, and percentages ' 



Family relationship 



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 

Single men, heads of families 

Single women, heads of families 

Single men, not heads of families 

Single women, not heads of families 

Wives filing separate returns from husbands 

Community property income 2 

Total— 



Returns 


Net income 






Amount 




Number 


Percent 


(thousands 
of dollars) 


Percent 


2, 034, 946 


49.70 


7, 865, 596 


61.46 


283, 875 


6.93 


670, 492 


5.24 


171, 173 


4.18 


381,062 


2.98 


889, 951 


21.74 


1, 816, 535 


14.20 


603, 214 


14.73 


1,295,313 


10.12 


87,471 


2.14 


488, 729 


3.82 


23, 790 


.58 


279, 075 


2.18 


4, 094, 420 


100. 00 


12, 796. 802 


100. 00 



' Includes returns for income of estates or property held in trust, which are distributed by sex and family 
relationship of the testator or grantor. For general explanations, see pp. 1-5. 

2 Excludes separate returns of community property income of husband and wife in which the net income 
is under .$5,000 and joint returns of husband and wife which show net income under $10,000. In tabulating 
joint returns of community property, net income of $10,000 and over, the data are divided to represent the 
separate returns of husband and wife, the net income class for each of the separate returns being one-half 
of the combined net income of the joint return. Returns of community property income not included under 
this heading are classified either under joint returns of husbands and wives, etc., or wives filing separate 
returns from husbands. 

PERSONAL EXEMPTION AND CREDITS AGAINST NET INCOME (INDIVIDUAL 

RETURNS) 

The net income specifically exempt from normal tax through per- 
sonal exemption, credit for dependents, earned income credit, divi- 
dends on stock of domestic corporations, interest on Government 
obligations not wholly exempt from tax, as well as net income subject 
to normal tax are shown in the following table: 

Net income exeynpt from and amount subject to normal tax, individual returns 

for 1934 1 



Distribution 



Amount 
(thousands 
of dollars) 



Percent 



Net income 

Persona] exemption and credits against net income: 

Personal e.xemption 

Credit for dependents 

Earned income credit 

Dividends on stock of domestic corporations -. 

Interest on Government obligations not wholly exempt from tax 2 

Total 

Less: Excess exemption and credits 

Net income exempt from normal tax - 

Net income subject to normal tax... 



12, 796, 802 



100. 00 



7, 628, 769 

1, 246, 852 

875, 962 

1, 965, 670 

38, 044 



59.61 
9.74 
6.85 

15. 3S 
.30 



11, 755, 298 
2, 040, 010 



91.86 
15.94 



9, 715, 288 



75.92 



3,081,514 



24. OS 



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

2 Interest received on Liberty 4 and 4i^:i percent bonds and Treasury bonds owned m excess of $5,000 
and on obligations of certain instrumentr.lities of the United States is subject to surtax if the surtax net 
income is over $4,000. (See items 9 and 25, form 1040, p. 126.) 



8 STATISTICS OF INCOME 

CAPITAL GAINS AND LOSSES (INDIVIDUAL RETURNS) 

The special provisions in the revenue acts for capital gains and losses 
from the sale of assets held more than 2 years apply, for capital gains, 
to sales after December 31, 1921, and prior to January 1, 1934, and 
for capital losses, to sales after December 31, 1923, and prior to 
January 1, 1934. A summary of the provisions of the Revenue Act 
of 1921 and subsequent acts, afl'ecting the tax on capital gains, and 
of the provisions of the Revenue Act of 1924 and subsequent acts, 
affecting the tax credit on capital losses, is found on pages 8 and 9 of 
the Statistics of Income for 1933 and in the synopsis of laws in this 
report, pages 118 and 119. The "total income" and ''net income" 
for individual returns for 1922 through 1933, as presented in the 
historical tables in this report, pages 27 to 31, include the "capital 
net gains," whereas, for the years 1924 through 1933 the "net income" 
has not been reduced by and "deductions" have not been increased by 
the amount of the "capital net losses." 

Under the Revenue Act of 1934 the definition of capital assets is 
extended to include assets lield by the taxpayer, regardless of time 
held, instead of only assets held over 2 years. Also, certain percent- 
ages, which vary according to the period for which the assets have been 
held, of the gain or loss recognized upon such sales or exchanges are 
taken into account in computing net income. The deduction for net 
capital losses from net income is limited to an amount not in excess 
of $2,000, after subtracting the gains from the sales or exchanges of 
capital assets. 

The net income reported in the 1934 individual income tax returns 
includes net capital gains and net capital losses computed in accord- 
ance with the above limitations. It is not possible, by using the net 
capital gain and net capital loss in the 1934 returns, to adjust the 
"total income," "net income," and "deductions" so that they will be 
comparable with those for previous years. Moreover, due to the 
changed provisions of the Revenue Act of 1934 net capital gains and 
losses reported on individual income tax returns for 1934 are not 
comparable with "profit and loss from sale of real estate, stocks, and 
bonds, etc.," "capital net gain," nor "capital net loss" which were 
reported in returns in prior years. 

SOURCES OF INCOME AND DEDUCTIONS (INDIVIDUAL RETURNS) 

In the table on page 9 there appears a distribution by sources of 
the income and deductions reported by individuals. Income from 
the various sources represents, for each source of income, the net 
amount by which the gross receipts exceed the deductions allowed as 
provided in the schedules of the return (see form 1040, p. 126)-, and in 
aggregate represents the sum of the net amounts of income from each 
source. Net losses reported in "income" items on the face of the re- 
turns are transferred in tabulation to deductions, which also include 
amounts reported in the return under "deductions." 

Income from partnerships and fiduciaries does not include amounts 
received through these entities from dividends on stock of domestic 
corjiorations or from taxable interest on obligations of the United 
States, since these items are reported under their respective classifica- 
tions. Unlike former years, the income from partnersliips and 
fiduciaries includes the net capital gain and loss resulting from sales of 
capital assets. 

With reference to the amount of net capital gains and net capital 
losses, attention is directed to the provisions of the Revenue Act of 



STATISTICS OF INCOME 



9 



1934, as described in the section of the text entitled "Net capital gains 
and losses." 

The items of "interest paid" and "taxes paid" which are reported 
under "deductions" in the individual income tax returns do not 
include amounts reported in business deductions in schedule A, 
"Income (or loss) from business or profession." 

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 the interest upon which is wholly exempt from taxation. 

Taxes paid exclude (1) the Federal income tax, (2) estate, inherit- 
ance, legacy, succession, and gift taxes, (3) income and profits taxes 
paid to foreign countries or possessions of the United States, which are 
allowed as a credit against the tax, and (4) 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, nor estate, inheritance, legacy, succession, and gift taxes, nor taxes 
imposed upon your interest as shareholder of a corporation which are paid by the 
corporation without reimbursement from j'ou, nor income taxes claimed as a 
credit in item 33. No deduction is allowable for anj- portion of foreign income 
and profits taxes if a credit is claimed in item 33. 

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. Amounts shown in reports prior to 1931 as "Interest and 
other income" are tabulated as "Other taxable interest" and "Other 
income." 

Sources of hicome and deductions in individual returns for 1934, amounts and 

percentages ' 



Sources of income and deductions 



Sources of income: 

Salaries, wages, commissions, fees, etc 

Business profit 

Partnership profit 2 

Net capital gain 3 

Rents and royalties 

Dividends on stock of domestic corporations 

Fiduciary 2 

Interest on Government obligations not wholly exempt from tax ^ 

other taxable interest 

Other incom.e 



Total income. 



Deductions: 

Business loss 

Partnership loss 2, 
Net capital loss 3_. 

Interest paid s 

Taxes paid 5 

Contributions 

All other 



Total deductions. 
Net income 



Amount 
(thousands 
of dollars) 



Percent 



8, 600, 455 

1, 716. 842 

631,915 

211,319 

509, 844 

1, 965, 67G 

288, 730 

38, 044 

909, 231 

220, 910 



15,092.960 



63, 885 
29, 004 
183, 762 
517, 217 
541, 191 
272, 822 
688, 277 



2. 296, 158 



56.98 
11.38 
4.19 
1.40 
3.38 
13.02 
1.91 
.25 
6.03 
1.46 



100.00 



.42 
.19 
1.22 
3.42 
3.59 
1.81 
4.56 



15.21 



12,796,802 



84.79 



' For general explanatiors, see pp. 1-5. 2 gee text, p. 8. 

3 For explanation of changes in 1934 act affecting net cppital gain and net capital loss, see text, pp. 8-9, and 
synopsis of laws. pp. 118-119. 

< Interest received on 4 and \\a percent Liberty bonds and Treasury bonds, owned in excess of $5,000, and 
on obligations of certain instrumentalities of the United States, is subject to surtax, if the surtax net income 
is over $4,000. (See items 9 and 25, form 1C40, p. 126.) 

' Excludes amounts reported in schedule A as business deductions. 



10 



STATISTICS OF INCOME 



The foUowingi: table shows, by a limited nniuber of net income 
classes, the distribution of total income by sources, specific items of 
deductions, and net income. The distribution by States and Terri- 
tories and by more detailed net income classes is shown in basic tables 
6 and 7, respectively [pp. 6S to 74). This year, for the fii-st time, the 
following text table and basic table 7 show for returns with net income 
of 85,000 and over the number of returns on which were reported 
specific sources of income and deductions, as well as the total number 
of returns in each net income class. The table on page 12 shows by a 
limited number of net income classes the percentage distribution of 
sources of income, deductions, and net income. 



Sources of income and deductions, indindual returns for 1934, by net income classes; 
also total number of returns, and for returns of net income of $3,000 and over, 
number of returns for each specific source of income and deduction * 

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





Total num- 
ber of 
returns 


Sources of income 


Net income classes 


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


Business profit 


Partnership profit * 




Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 


Under 5 (estimated)— 

5-10 


3, 671, 773 

290.824 

102. 892 

20,931 

6,093 

982 

690 

116 

86 

33 


(■) 

193.966 

62,081 

11,961 

3, 591 

598 

390 

53 

46 

19 


6, 300, 199 

1, 199, 393 

701, 215 

236.287 

107. 874 

26. 439 

21.860 

3.583 

2.341 

1.265 


(■) 

55,412 

15.632 

2.260 

499 

50 

27 

3 

6 


1, 148, 153 

314, 641 

173. 531 

51.642 

20,751 

3,395 

2,298 

425 

2,006 


(■) 

30,551 

14,020 

3,255 

988 

142 

84 

12 

13 

1 


193, 849 
151, 527 


10-25 


149.509 


25-50 .-- 


72. 970 


50-100 - 


40,608 


100-150 - 


10.902 


150-300 


10.636 


300-500.. 


1.170 


500-1.000 


738 




5 










Total. 


4,094.420 


8 272,705 


8.600.455 


5 73,889 


1, 716, 842 


8 49,066 


631,915 









Sources of income — Continued 






Net income classes 


Net capital 
gain ' 


Rents and royal- 
ties 


Dividends on 
stock of domes- 
tic corporations 


Fiduciary ' 




Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 


Under 5 (estimated) 

5-10 - 


(■) 

33,420 

19.969 

5.715 

1,915 

349 

249 

'A 

12 


51. 101 

39, 612 

48,912 

29,743 

19,068 

5,542 

7,989 

3,479 

3.348 

2,519 


(■) 

55.245 

21,372 

4.704 

1.427 

233 

159 

28 

31 

7 


344. 058 

76. 515 

54.231 

21.067 

9.619 

1.980 

1.277 

360 

711 

27 


(■) 

160.297 

78.763 

18,767 

5,799 

954 

677 

112 

85 

33 


380,628 

288,340 

421.446 

305.830 

222.511 

80.856 

110,293 

36,853 

56.318 

62,596 


(■) 

22,683 

4,949 

1,162 

354 

192 

154 

20 

21 

7 


84.876 
61.535 


10-25 


73.705 


25-50 


39.129 


50-100 


19.568 


100-150... 


3.663 


150-300 


4,175 


300-500 


1.092 


500-1.000 


654 


1,000 and over 


332 






Total 


-' 61, 704 


211.319 


S83,2C6 


509,844 


* 265, 487 


1, 965, 670 


8 29,542 


288.730 













For footnotes see p. U. 



STATISTICS OF Il^COME 



11 



Sources of income and deductions, individual returns for 1934, by net income classes; 
also total number of returns, and for returns of net income of $5,000 and over, 
number of returns for each specific source of income and deduction ' — Continued 

[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. 



Som"ces of income — Continued 



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



Number 

of 
returns 



16,826 

12, 455 

3,997 

1,358 

228 

173 

30 

21 

9 



35, 097 



Amount 



11, 544 

14. 118 

6,717 

3,048 

797 

898 

674 

188 

59 



38, 044 



Other taxable 
interest 



Number 

of 
returns 



(') 

136, 032 

62, 651 

1.5, 393 

4,902 

832 

601 

106 

79 

29 



8 220,625 



Amount 



455, 751 

164, 681 

160, 874 

71, 538 

33, 533 

7,136 

7.254 

3,154 

3,695 

1,616 



909,231 



Other 
income » 



121, 684 

34, 971 

27, 893 

14, 857 

8,927 

2,943 

3,898 

1.614 

2,016 

2,108 



220, 910 



Total 
income 



9, 080, 298 

2, 342, 761 

1, 825, 435 

849, 785 

485, 507 

143, 653 

170. 578 

52,404 

72, 014 

70, 526 



15, 092, 960 



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 



Deductions 



Number 

of 
returns 



(J) 

5.420 

3,010 

937 

390 

95 

74 

15 

20 

8 



Business loss Partnership loss ' Net capital loss 3 



Number 
Amount of 

returns 



34, 132 

9,200 

8,799 

4,320 

2,717 

1.331 

1,422 

443 

664 

857 



63, 885 



C) 

3,560 

1,942 

624 

228 

39 

36 

2 

2 

1 



8 6,434 



-Amount 



13, 826 

5,666 

4,959 

2,645 

1,059 

546 

256 

1 

38 



29,004 



[Number 

of 
returns 



43,354 

26, 478 

7,160 

2,334 

379 

306 

50 

37 

12 



8 80,110 



92, 794 

43, 157 

33, 037 

10, 082 

3,414 

585 

495 

85 

66 



183, 762 



Interest paid • 



Number 

of 
returns 



(•) 

154, 067 

58,645 

12,646 

3,914 

656 

480 

83 

65 

20 



8 230.576 



Amount 



285,950 

100, 772 

71,501 

30, 130 

15, 365 

4,519 

4,045 

1,224 

3,144 

567 



517, 217 





Deductions— Continued 




Net income classes 


Taxes paid « 


Contributions 


All other 
deduc- 
tions s 


Total 
deduc- 
tions 


Net 
income 




Number 

of 
returns 


Amount 


Number 

of 
returns 


Amount 




Tender 5 (pstimateri) 


(') 

241, 775 

91, 769 

19, 432 

5,750 

951 

667 

112 

82 

31 


308, 701 
86, 972 
70, 438 
33,331 
19,929 
6,330 
8,022 
2,387 
2,508 
2,573 


(J) 

217, 881 

82. 163 

17, 385 

5,234 

882 

616 

103 

75 

29 


143, 172 
41, 493 
34, 607 
19,483 
13, 503 
4,791 
6,382 
2,246 
2,961 
4,184 


405, 686 

102, 608 

88,503 

41,263 

23,542 

7,807 

8,996 

2,186 

3,171 

4,513 


1, 284, 260 
389, 869 
311,843 
141. 255 
79, 531 
25, 909 
29,618 
8,572 
12, 550 
12, 751 


7, 796, 038 


5-10 


1, 952, 891 


10-25 


1, 513, 592 


25-50 


708, 530 


50-100 


405, 976 


100-150 

150-300 


117, 744 
140,960 


300-500 


43, 832 


500-1,000.-. 


59,464 


1,000 and over 


57, 775 


Total 


8 360, 569 


541, 191 


8 324,368 


272, 822 


688,277 


2, 296, 158 


12, 796, 802 







' For general explanations, see pp. 1-5. ' See text, p. 8. 

' For explanations of changes in 1934 act affecting net capital gain and loss, see text, pp. 8-9, and synopsis 
of laws, pp. 118-119. 

•• Interest received on 4 and i\i percent Liberty bonds and Treasury bonds, owned in excess of $5,000, 
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net 
income is over $4,000. (See items 9 and 25, form 1040, p. 126.) 

5 The number of returns is not available, since the amount of "Other income" is secured by deducting the 
sum of specific sources of income from total income, and "Other deductions" is determined by subtracting 
the sum of specific deductions from total deductions. 

6 Excludes amounts reported in schedule A as business deductions. 

? Not available. 8 Excludes returns with net income of under $5,000. 



12 



STATISTICS OF INCOME 



Percentage distribution of sources of income, deductions, and net income, individual 
returns for 1934, by net income classes ^ 





Sources of income 


Net income classes 
(Thousands of dollars) 


Salaries, 
wages, 

commis- 
sions, 

fees, etc. 


Business 
profit 


Partner- 
ship 
profit 2 


Net 
capital 
gain 3 


Rents 

and 

royalties 


Divi- 
dends on 
stock of 
domestic 
corpora- 
tions 


Fidu- 
ciary 2 




69.38 

51.20 

38.41 

27.81 

22.22 

18.40 

12.81 

6.84 

3.25 

1.79 


12.65 
13. 43 
9.51 
6.08 
4.27 
2.36 
1.35 
.81 
2.79 


2.14 
6.47 
8.19 
8.58 
8.36 
7.59 
6.24 
2.23 
1.02 
.01 


0.56 
1.69 
2.68 
3.50 
3.93 
3.86 
4.68 
6.64 
4.65 
3.57 


3.79 

3.26 

2.97 

2.48 

1.98 

1.38 

.75 

.69 

.99 

.04 


4.19 
12.31 
23.09 
35.99 
45.83 
56.29 
64.66 
70.32 
78.20 
88.76 


93 


5-10 


2.63 


10-25 


4.04 


25-50 


4.60 


50-100 


4.03 


100-150 - 


2.55 


150-300 - 


2.45 


300-500 


2.08 


500-1,000 


.91 


1,000 and over 


.47 


Total 


56.98 


11.38 


4.19 


1.40 


3.38 


13.02 


1.91 







Net income classes 
(Thousands of dollars) 



Under 5 (estimated) . 

5-10 

10-25 

2.5-50 

50-100 

100-150 

150-300 

300-500 

500-1,000 

1,000 and over 



Total- 



Sources of income — Continued 



Interest 
on Gov- 
ernment 

obliga- 
tions not 

wholly 

exempt 

from tax * 



0.49 
.77 
.79 
.63 
.55 
.53 

1.29 
.26 



Other 
taxable 
interest 



5.02 
7.03 
8.81 
8.42 
6.91 
4.97 
4.25 
6.02 
5.13 
2.29 



6.03 



Other 
income 



1.34 
1.49 
1.53 
1.75 
1.84 
2.05 
2.28 
3.08 
2.80 
2.99 



1.46 



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 



Business 
loss 



0.38 
.39 
.48 
.51 
.56 
.92 
.84 
.84 
.92 

1.22 



Partner- 
ship 

loss 2 



0.15 
.24 
.27 
.31 
.22 
.38 
.15 



.06 
.01 





Deductions— Continued 




(Thousands of dollars) 


Interest 
paid 5 


Taxes 
paid 5 


Contri- 
butions 


All other 
deduc- 
tions 


Total 
deduc- 
tions 


Net 
income 


Under 5 (estimated) 


3.15 
4.30 
3.91 
3.55 
3.17 
3.15 
2.37 
2.34 
4.37 
.80 


3.40 
3.71 
3.86 
3.92 
4.10 
4.41 
4.70 
4.56 
3.48 
3.65 


1.57 
1.77 
1.90 
2.29 
2.78 
3.34 
3.74 
4.29 
4.11 
5.93 


4.47 
4.38 
4.85 
4.86 
4.85 
5.43 
5.27 
4.17 
4.40 
6.40 


14.14 
16.64 
17.08 
16.62 
16.38 
18.04 
17.36 
16.36 
17.43 
18.08 


85.86 


5-10 ._. 


83.36 


10-25 


82.92 


25-50 .. 


83.38 


50-100 


83.62 


100-150 


81.96 


150-300 . 


82.64 


300-500 . 


83.64 


500-1,000 


82.57 


1,000 and over 


81.92 






Total- 


3.42 


3.59 


1.81 


4.56 


15.21 


84.79 







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

2 See text, p. 8. 

' For explanation of changes in 1934 act affecting net capital gain and loss, see text, pp. 8-9, and synopsis 
of laws, pp. 118-119. 

* Interest received on 4 and 4H percent Liberty bonds and Treasury bonds, owned in excess of $5,000, 
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net 
income is over $4,000. (See items 9 and 25, form 1040, p. 126.) 

' 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, the data are tabulated 
by net income classes. In the following table the income and deduc- 
tions reported in returns of net income of $5,000 and over for certain 
sources are classified by size of specific items. 

Sources of income not included in this tabulation are partnership, 
fiduciary, interest, and other income. The total income received 
through partnersliips 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) taxable interest on obligations of the United 
States shall be included in schedule D, and (b) profits which consisted of divi- 
dends on stock of domestic corporations which are subject to income tax shall be 
included in item 10(a) on the return. 

Frequency and amount of certain items of income and deductions hy size classes, 
individual returns for 1934 of net income of $5,000 and over 

[Money figures and size classes in thousands of dollars] 





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


Business 


Size classes of certain items of 
income and deductions 


Profit 


Loss 




Fre- 
quency 


Amount 


Fre- 
quency 


Amount 


Fre- 
quency 


Amount 


Under 0.1 


3,128 

2,389 

1,773 

1,487 

1,148 

5,024 

9,445 

9,953 

11,675 

15, 763 

147, 469 

36, 044 

12, 893 

5,836 

3,085 

2,754 

1,169 

1,155 

287 

215 

10 

3 


145 

332 

427 

502 

508 

3,606 

13, 897 

24,586 

40, 523 

71,288 

1, 017, 836 

426, 867 

217, 565 

128,655 

82, 729 

93, 152 

51, 669 

67, 866 

24, 336 

28,364 

3,671 

1,732 


1,107 

1,042 

769 

687 

595 

2,498 

3,848 

3,402 

3,754 

4,895 

36, 741 

8,432 

2,860 

1, 275 

684 

646 

291 

224 

83 

50 

4 

2 


52 

151 

190 

239 

266 

1,836 

5,690 

8,533 

13, 159 

22, 226 

254, 497 

101,010 

48, 990 

28, 306 

18, 678 

22, 110 

12, 909 

13, 473 

6,981 

6,693 

1,394 

1,308 


665 

638 

554 

510 

453 

1,734 

1,928 

1,058 

644 

407 

834 

263 

106 

57 

34 

30 

19 

20 

7 

6 

1 

1 


32 


1-02 - 


94 


0.2-0.3 


136 


0.3-0.4.. 


177 


4-0 5 


203 


5-1 


1,259 


1-2 . 


2,796 


2-3 


2,586 


3-4 


2,230 


4-5 


1,810 


5-10 


5,783 


10-15 - 


3,151 


15-20 


1,819 


20-25 


1,276 


25-30 


915 


30-40 . 


1,027 


10-50 


830 


50-75 


1,155 


75-100 


597 


100-250 - 


1,020 


250-500 


324 


500-1,000 


533 




















Total 


272, 705 


2, 300, 256 


73, 889 


568, 689 


9,969 


29, 753 







88019—36- 



14 



STATISTICS OF INCOME 



Frequency and amount of certain items of income and deductions by size classes, 
individual returns for 1934 of 'net income of $5,000 and over — Continued 

[Money figures and size classes in thousands of dollars] 



Size classes of certain items 
of income and deduc- 


Dividends on stock 
of domestic 
corporations 


Rents and 
royalties 


Net capital gain ' 


Net capital loss' 


tions 


Fre- 
quency 


Amount 


Fre- 
quency 


Amount 


Fre- 
quency 


Amount 


Fre- 
quency 


Amount 


Under 0.1 


36, 008 

20, 958 

14,538 

11, 394 

9,287 

30, 554 

32, 321 

19,282 

13, 684 

10, 871 

32, 402 

12, 634 

6,411 

3,909 

2,483 

3,019 

1,656 

1,927 

802 

1,008 

219 

85 

35 


1,578 
3,023 
3,560 
3,933 
4,148 
22, 051 

46, 501 

47, 426 
47,391 

48, 694 
227, 893 

153. 002 
110,455 

86, 954 
67, 779 

104. 003 
73, 731 

115,829 
68, 668 

149, 922 
72, 037 
58, 984 
67, 482 


14, 524 

10, 542 

7,338 

5,786 

4,269 

12, 246 

9,989 

4,739 

2,811 

2, 035 

5,593 

1,723 

676 

332 

183 

206 

90 

73 

28 

22 

1 


686 

1,540 

1,799 

1,992 

1,908 

8,519 

14,124 

11, 584 

9,738 

9,113 

39, 152 

20, 824 

11,581 

7.348 

4,999 

7,058 

3,965 

4,304 

2, 334 

2,771 

447 


11,388 

6,359 

4,590 

3,600 

2,853 

9, 084 

8,219 

4,094 

2,570 

1,776 

4,171 

1,226 

655 

337 

184 

219 

135 

110 

59 

58 

14 

2 

1 


474 

926 

1,131 

1,249 

1,280 

6,514 

11,827 

10, 330 

8,896 

7,936 

29, 007 

14, 940 

11,270 

7,552 

5,047 

7, 533 

5,984 

6,602 

5,062 

8,955 

4,613 

1,467 

1,623 


7,864 

5,763 

4, 566 

3,976 

3.570 

12,319 

15, 482 

26, 220 

136 

188 

22 

2 

1 


359 


0.1-0,2 


848 


0.2-0.3 


1,131 


0.3-0.4 


1,376 


0.4-0.5 


1, 596 


0.5-1 


8.971 


1-2.- 


22, 687 


2-3 


52, 563 


3-4 


467 


4-f 


762 


5-10 

10-15 

15-20 . 


140 
26 
16 


20-25- 




25-30 - _. 


1 


26 


30-40 




40-50 






50-75 






75-100- 






100-250 






250-500 






500-1,000 






1,000 and over -. 




















Total 


265, 487 


1, 585, 043 


83, 206 


165, 786 


61, 704 


160, 218 


80, 110 


90,968 





1 For explanation of changes in 1934 act affecting net capital gain and loss, see text, pp. 8-9, and synopsis 
of laws, pp. 118-119. 

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

The profit and loss from business (other than from partnerships) 
reported in returns, form 1040, of net income of $5,000 and over, are 
classified in the following table according to nature of business. 

For returns with information on schedule A, there are shown the 
number of businesses with profit and loss, total receipts, salaries and 
wages paid, and the amount of profit and loss. For returns with 
business but without information on schedule A, and for all returns 
with business, there are presented the number of businesses w^ith 
profit and loss and the amount of profit and loss. These data repre- 
sent only such amounts reported by individuals as sole proprietors, 
and do not necessarily indicate the principal occupation of the indi- 
vidual nor the total income reported in the return. 



STATISTICS OF INCOME 15 

In the tabulation of sources of income from individual returns the 
classification "business profit" represents items of profit reported on 
the returns, as shown by the total receipts from business or pro- 
fession, less cost of goods sold and other business deductions, such as 
salaries, interest on business indebtedness, taxes on business or busi- 
ness property, losses 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 "business loss" represents the tabulation of 
the items of loss from business reported on the returns which occur 
when deductions exceed the total receipts. 

Basic table 8, pages 75 to 80, contains, for each industrial group, a 
frequency distribution of the number of returns with business and 
the amount of profit and loss from business by size of profit and loss. 

The following table and basic table 8 exclude (1) income from 
partnerships reported in item 5 on face of return, form 1040 (see p. 126), 
(2) salaries, wages, fees, commissions, etc., reported in item 1 on face 
of return, and (3) business profits and losses reported in returns with 
net income of less than $5,000: 



16 



STATISTICS OF INCOME 



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

[Money figures in 





All returns with business 


Returns with 

information on 

schedule A 




Num- 
ber of 

busi- 
nesses 

with 
profit 


Profit 


Num- 
ber of 

busi- 
nesses 
with 
loss 


Loss 


Business with 
profit 


Industrial groups 


Num- 
ber of 
busi- 
nesses 


Total 
receipts 




5,988 
940 


30, 760 

8,865 


5,172 
185 


17, 274 
1,061 


5,035 
765 


109,912 
25, 387 






Manufacturing: 


864 

129 

25 
755 

78 

27 
261 

85 
574 
210 

96 
595 
413 


7,862 

1,770 
187 

7,387 
659 
301 

1,913 
742 

4,903 

2,559 
856 

5,408 

4,750 


40 

13 

3 

38 

10 

3 

15 

4 

46 

26 

12 

26 

27 


110 

39 

7 
93 
23 
1 
33 
10 

291 
71 
29 
59 

115 


780 

125 
24 

689 
76 
24 

238 
77 

515 

198 
87 

561 

370 


91, 681 

12, 696 

2,105 

111,432 

11,054 

3,426 
17, 356 

8.820 
23, 101 
15, 353 

4,882 
39, 966 
36, 199 


Liquors and beverages (alcoholic and non- 


Tobacco products 

Textiles and their products - 


Leather and its manufactures - 


Rubber iDroducts 


Forest products 

Paper, pulp, and products 

Printing, publishing, and allied industries. 


Stone, clay, and glass products 

Metal and its products 

Manufacturing not elsewhere classified 


Total manufacturing 


4,112 


39, 357 


263 


880 


3,764 


378, 070 




Construction ^ 

Transportation and other public utilities 


1,400 
1, 065 


12, 253 

8,796 


102 

72 


280 
202 


1,265 
948 


98, 124 
50, 596 


Trade; 

Retail 


14, 710 

2,540 

416 


100, 885 

23, 993 

3,286 


1,113 
140 

8 


2,051 

400 

47 


12, 997 

2, 327 

382 


1, 102, 140 

529, 028 

52, 931 


Wholesale 






Total trade 


17, 666 

1,305 

773 

16, 884 

1,344 

979 

10, 209 

3,034 


128, 164 


1,261 


2,498 


15, 706 


1,684,099 




Service: 

Domestic— Laundries, hotels, restaurants, 

etc 

Amusements . 


8,567 
6,146 
130, 691 
12, 432 
7,412 
90, 250 
23, 737 


203 
170 
416 
174 
203 
495 
115 


673 
1,005 
515 
200 
379 
682 
164 


1,200 

674 

15, 693 

1,122 
863 

8,644 

2,752 


61, 713 
27, 645 

219, 380 
23, 347 
16, 528 

123, 595 
73, 800 


Curative, medicinal, and all other 

Educational 


Engineering 

Le?al- 


Another.. 




Total service 


34. 528 


279, 235 


1,776 


3,618 


30, 948 


546, 008 




Finance: 

Investment brokers . . 


495 

809 

3,070 


5,286 

5,448 

24, 908 


118 
228 
165 


1,002 
699 
408 


395 

694 

2,636 


102, 301 
10, 688 
68, 756 


Real estate . 


All other 




Total finance.. 


4,374 


35, 642 


511 


2,109 


3,725 


181, 746 




Nature of business not given .. . 


3,816 


25, 618 


627 


1,832 


2,447 


148. 297 




Grand total, 1934 


73, 889 

49, 740 

45, 547 

97, 779 

154, 640 

228, 475 

220, 159 

212,919 

218, 148 


568, 689 

393, 815 

354, 488 

766, 730 

1, 215, 452 

1, 836, 329 

1, 772, 255 

1, 704, 175 

1, 738, 523 


9,969 
7,970 


29, 753 
26, 791 


64, 603 
43, 127 


3, 222, 239 
2, 414, 325 


1933 


1932 


1931 










1930_._ 










1929 










1928 










1927 










1926... 





















1 Less than $500. 



STATISTICS OF INCOME 



17 



individual returns for 1934 of net income of $5,000 and over, showing for returns 
and wages paid, amount of -profit and of loss, and showing for returns ivith business, 
with profit arid loss, and amount of profit and loss; also grand totals for certain items 

thousands of dollars] 



Returns with information on schedule A— Continued 


Returns with business but with- 
out information on schedule A 


Business with profit- 
Continued 


Business with loss 


Num- 
ber of 
busi- 
nesses 
with 
profit 


Profit 


Num- 
ber of 
busi- 
nesses 
with 
loss 




Salaries and 
wages paid 


Profit 


Num- 
ber of 
busi- 
nesses 


Total 
receipts 


Salaries and 
wages paid 


Loss 


Loss 


Labor 


Salaries 
not in- 
cluded 
in labor 


Labor 


Salaries 
not in- 
cluded 
m labor 




16,517 
4,078 


3, 592 
1,029 


26, 222 
7,043 


4,272 
135 


18, 471 
2,254 


7,509 
401 


1,760 
167 


11,826 
757 


953 
175 


4,539 
1,822 


900 
50 


5,448 
304 


8,749 

1, 151 

5F6 

25, 638 

2,354 

665 

3,563 

1,301 

5, 187 

1,446 

1,041 

7,234 

6,559 


5,005 

526 

137 

5,512 

332 

198 

1.371 

323 

2,004 

2, 023 

351 

2,245 

2,282 


6,920 

1, 326 
186 

6,902 
642 
251 

1,760 
724 

4,095 

2,275 
767 

5,115 

3,343 


36 

13 
3 

31 
9 
1 

13 
3 

39 

20 
9 

23 

24 


1,093 

1,314 
349 

3,042 

149 

9 

1,484 
324 
420 
249 
250 

1,888 
343 


123 

108 

'""849" 
17 

156" 
67 

118 

13 

5 

225 
99 


36 

16 

5 

231 

8 

1 

9 

10 

88 

22 

23 

163 

50 


84 

39 

7 

80 

21 

(') 

32 

4 
67 
34 
29 
57 
113 


84 

4 
1 
66 
2 
3 
23 
8 

59 
12 
9 
34 
43 


942 
443 

0) 

486 
17 
50 

152 
19 

868 

284 
89 

293 
1,407 


4 


26 






7 
1 
2 
2 
1 
7 
6 
3 
3 
3 


13 
2 
1 

1 

6 

224 

37 

(') 

2 

2 


65, 444 


22, 309 


34, 306 


224 


10,914 


1,780 


661 


565 


348 


5,051 


39 


315 


22, 179 
5,380 


5,028 
5,515 


10, 634 
7,274 


89 
60 


2,016 
1, 496 


558 
158 


107 
314 


262 
134 


135 
117 


1,619 
1,522 


13 
12 


17 
67 


47,092 
13, 876 
1,403 


73, 664 
17, 009 
2,558 


91, 566 

21, 848 

3,045 


801 
125 

7 


31,395 

10, 027 

365 


3,224 

793 

27 


2,386 

427 

14 


1,661 

375 

45 


1,713 
213 
34 


9,319 

2,145 

241 


312 

15 

1 


390 
25 

1 


62, 371 


93, 231 


116,459 


933 


41, 787 


4,043 


2,828 


2,082 


1,960 


11. 704 


328 


416 


8,236 
2,314 
9,737 
1,300 
1,016 
2,843 
4,532 


7,531 
4,121 
28, 382 
4,329 
2,878 
20, 105 
11,114 


7,774 
5.303 
122, 043 
10, 308 
6,662 
75, 229 
21, 870 


181 
121 
365 
135 
151 
397 
84 


2,744 
1,404 
1,254 
111 
395 
982 
706 


547 
112 
121 
6 
18 
48 
172 


280 
368 
379 
71 
215 
542 
163 


353 

678 
432 
149 
313 
582 
120 


105 

99 

1,191 

222 

116 
1,565 

282 


793 

842 
8,648 
2,125 

750 
15, 021 
1,867 


22 
49 
51 
39 
52 
98 
31 


320 
327 
83 
52 
66 
101 
44 


29, 977 


78, 461 


249, 189 


1,434 


7,597 


1,025 


2,019 


2,626 


3,580 


30, 046 


342 


992 


533 

410 

2,249 


1,531 
1,861 
13, 743 


4,250 
4,479 
21,225 


76 
184 
122 


3,799 

820 

5,648 


20 
50 
29 


200 
252 
269 


733 
510 
304 


100 
115 
434 


1,036 

969 

3,682 


42 
44 
43 


269 
189 
104 


3,192 


17, 135 


29, 954 


382 


10. 267 


99 


721 


1.547 


649 


5,687 


129 


562 


9,920 


10, 977 


18,618 


415 


5,182 


1,574 


612 


1,128 


1,369 


6,999 


212 


704 


219, 057 
183,167 


237, 277 
176, 198 


499, 700 
347, 615 


7,944 
6,374 


99, 985 
111 


17, 148 
14, 363 


9,189 
7,860 


20, 927 
22, 248 


9, 286 
6,613 


68,989 
46, 200 


2,025 
1,596 


8,826 
4.543 




















































































































































1 








1 - 











18 



STATISTICS OF INCOME 



WHOLLY AXD 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 
securities 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 1934, 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, Treasur}^ notes, 
securities issued under the Federal Farm Loan Act, or such act as 
amended, and obligations of United States possessions. Partially 
tax-exempt obligations of the Federal Government were Liberty 4 
and 4K percent bonds, Treasury bonds, and obligations of instrumen- 
talities of the United States other than obligations issued under 
Federal Farm Loan Act, or such act as amended. 

Wholly and partially tax-exempt obligations reported in individual returns for 1934 
with 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 


Partially tax-exempt obliga- 
tions 


Net income 
classes 


Total 


Obligations 
of States 
and Terri- 
tories or 
political 
subdivi- 
sions there- 
of and 
United 
States 
possessions 


Obliga- 
tions 

issued 
under 

Federal 
Farm 
Loan 
Act 


Liberty 
3 ^'2 percent 

bonds, 
Treasury 

notes, 
Treasury 
bills, and 
Treasury 
certificates 
of indebted- 
ness 3 


Total 


Liberty 
4 and 
41 4 per- 
cent 
bonds 
and 
Treasury 
bonds 


Obliga- 
tions of 
certain 
instru- 
mentali- 
ties of the 
United 
States ♦ 


5-6 


233, 280 
190, 705 
171, 289 
137, 254 
124, 932 
116,875 
122,884 
114,404 
109, 839 
102, 825 
420, 705 
325, 463 
286, 035 
438, 634 
323, 588 
230, 730 
161,935 
266, 702 
121, 590 
100, 606 
379, 161 
152, 630 
143, 166 

71, 363 
75, 729 
55, 344 

147, 250 
64, 659 

72, 293 
8,821 

25, 348 
5 


147, 791 

117,788 

113, 527 

91, 210 

83, 939 

77,015 

86, 813 

80, 660 

80, 498 

76, 452 

312, 901 

252, 881 

232. 189 

374, 193 

284, 263 

206, 450 

146, 390 

255, 691 

113,747 

94,011 

348, 042 

146, 373 

140, 001 

67, 075 

72, 804 

50, 868 

145, 710 

64, 635 

72, 053 

8,821 

24, 316 


94, 107 
80, 046 
82, 064 
65, 503 
50, 735 
50, 659 
60, 951 
52, 579 
57. 448 
53, 053 
217, 376 

169, 529 

170, 498 
267, 693 
201,810 
147, 530 
104,417 
200, 227 

77, 219 
70. 458 
252, 090 
101,497 
96, 534 
41,037 
52, 009 

32, 991 
102, 001 

47, 345 

33, 821 
4,011 
9,930 


16, 234 

13, 760 

10, 888 

7,276 

8,715 

7,676 

8,630 

9,015 

5, 392 

7, 365 

30, 044 

20, 621 

16, 699 

27, 542 

21, 186 

13, 873 

9,083 

11,513 

5,993 

6,917 

20, 673 

6,734 

5,722 

3,701 

2,380 

2,001 

1,139 

5,138 

283 

310 

916 


37, 451 

23, 981 
20, 574 
18, 432 

24, 489 
18, 681 
17, 231 
19,066 
17, 659 
16, 035 
65, 482 
62, 732 
44, 992 
78, 958 
61,286 
45, 048 
32, 890 
43, 951 
30, 536 
16, 635 
75, 280 
38. 142 
37, 744 
22, 336 
18,415 
15, 876 
42, 571 
12, 153 
37, 949 

4,500 
13, 470 


85, 488 

72, 917 

57, 762 

46,044 

40, 993 

39, 860 

36, 072 

33, 744 

29, 341 

26, 373 

107, 804 

72, 582 

53, 846 

64,441 

39, 325 

24,280 

15, 545 

11,011 

7,843 

6,595 

31,119 

6,256 

3,165 

4,289 

2,925 

4,476 

1,539 

24 

241 


79, 759 

67, 974 
54, 436 
43, 045 
38, 333 
37, 584 
32, 779 
30, 589 
26, 997 
24, 664 

100, 141 

68, 542 
49, 887 
60, 393 
36, 335 
23, 362 
14, 566 
10, 572 

7,309 

5,725 

29, 409 

6,089 

3,007 

4,160 

2,814 

4,476 

1,275 

24 

241 


5,730 


6-7 


4,943 


7-8 


3,326 


8-9-.. 


2,999 


9-10... 


2,660 


10-11... 


2,276 


11-12 


3,292 


12-13 


3,155 


13-14 


2,344 


14-15 


1,709 


15-20 


7,663 


20-25 


4,040 


25-30 


3, 959 


30-40 


4,049 


40-50 


2,990 


50-60. 


917 


60-70 


979 


70-80 


439 


80-90.... 


534 


90-100 


870 


100-150 

150-200 

200-250 

250-300 

300-400 

400-500 


1,710 
158 
159 
129 
110 


500-750 

750-1,000 


264 


1,000-1,500 




1.500-2,000 




2,000-3,000 


1,032 
5 


1,032 
5 




3,000-4,000... 




4,000-5,000... 












5,000 and over 


108, 436 


108, 436 


31, 660 




76, 776 














Total... 


5, 404, 479 


4, 477. 544 


3, 078. 829 


.307. 416 


1,091,299 


926. 936 


865,523 61.413 



' .\s of the end of the year. 3 Includes other obligations of United States issued on or before Sept. 1, 1917. 
* Includes obligations of instrumentalities of the United States other than obligations issued under 
Federal Farm Loan Act, or such act as amended. 



STATISTICS OF INCOME 



19 



The tabulation presented herewith shows, for returns with net in- 
come of $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 obligation and by net income classes. 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 
may include interest on bonds which are not included in the amount 
of bonds reported. 

Wholly and partially tax-exempt obligations reported in individual returns for 1934. 
with 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 ' 




Total 


Wholly tax-exempt obligations 


Partially ta.v-exempt obliga- 
tions 


Net income 
classes 


Total 


Obligations 
of States 
and Terri- 
tories or po- 
litical sub- 
divisions 
thereof and 
of United 
States pos- 
sessions 


Obliga- 
tions 

issued 
uader 

Federal 
Farm 
Loan 
Act 


Liberty 
3!,4 percent 

bonds, 
Treasury 

notes, 
Treasury 
bills, and 
Treasury 
certificates 
of indebt- 
edness ' 


Total 


Liberty 
4 and Hi 
percent 
bonds 
and 
Treasury 
bonds ' 


Obliga- 
tions of 
certain 
instru- 
mentali- 
ties of the 
United 
States 8 


5-6 


11,490 

9,160 

9,014 

7,409 

7,410 

6,289 

6, 455 

5,676 

5,865 

5,910 

23, 594 

17, 859 

15,943 

24, 028 

18, 648 

14,051 

9,387 

9,895 

7,755 

5,203 

17,014 

10, 139 

7,213 

4,084 

3,219 

2,382 

6,928 

4,545 

2,824 

267 

1,095 

443 


7,839 

6,028 

6,428 

5,252 

5,569 

4,505 

4,807 

4,115 

4,520 

4,745 

18, 973 

14,810 

13,510 

21, 281 

16, 986 

13.019 

8,544 

9,475 

7,310 

4,894 

16,078 

9,800 

7,036 

3,787 

3,115 

2,203 

6,863 

4,544 

2,819 

251 

1,056 

443 


5,722 

4,545 

5,071 

4,147 

4,060 

3,267 

3,701 

3,003 

3,436 

3,688 

14, 079 

11,419 

10,457 

16, 658 

13, 203 

10,474 

6,652 

7, 032 

5,513 

3,910 

12, 500 

7.629 

5,350 

2,800 

2,370 

1,648 

5,437 

3,266 

1,580 

170 

588 

389 


852 

675 

546 

397 

468 

426 

453 

486 

344 

432 

1,697 

1,109 

1,115 

1,595 

1,289 

845 

551 

678 

433 

398 

1,079 


1,265 

808 

811 

707 

1,040 

812 

654 

627 

739 

626 

3,197 

2,282 

1,939 

3,028 

2,494 

1, 700 

1,341 

1,766 

1,364 

585 

9 4QQ 


3,650 

3,132 

2,586 

2,156 

1,842 

1,784 

1,649 

1,561 

1,346 

1,164 

4,621 

3,049 

2,433 

2,747 

1,662 

1,032 

843 

420 

445 

308 

936 

339 

177 

297 

104 

179 

65 

1 

5 

16 
39 


3,454 

2,968 

2,459 

2,027 

1,764 

1,720 

1, 5.54 

1,473 

1,248 

1.107 

4,370 

2,936 

2,326 

2,636 

1,565 

1,005 

801 

408 

436 

233 

896 

319 

175 

272 

101 

179 

58 

1 

5 

16 
39 


197 


6-7 


164 


7-8 


127 


8-9 


129 


9-10 

10-11 


78 
64 


11-12 


95 


12-13 

13-14 


87 
97 


14-15 


67 


15-20 


251 


20-25 


113 


25-30 


107 


30-40 


111 


40-50 


97 


50-60 


27 


60-70 


42 


70-80 


11 


80-90 


8 


90-100 . 


75 


100-150 


39 


150-200 


369 1 1-802 


20 


200-250. 


278 
188 
98 
81 
112 
181 
13 
14 
42 
31 


1,408 

799 

647 

474 

1,313 

1,097 

1,226 

67 

427 

23 


2 


250-300 _.__ 


25 


300-400. 


3 


400-500 ._._ 




500-750 


7 


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 .. 


12,418 


12,418 


1,342 




11,076 
















Total 


293, 609 


253, 023 i 185, 106 


17, 275 


50,642 


40, 586 


38, 551 


2,035 



2 Total amount received or accrued during the year. 

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

« Includes interest received on a principal amount not in excess of $5,000 which is wholly exempt from 
income ta.xes. (See line (e), column 3, schedule D, form 1040, p. 126.) The amount of interest received on a 
principal amount in excess of exemption of $5,000 which is subject to surtax if the surtax net income is 
over $4,000 is included in the item "Interest on Government obligations not wholly exempt from tax" in 
the text table on p. 12 and basic table 7 on pp. 71-74. 

6 Includes interest received on obli.gations of instrumentalities of the United States other than obligations 
issued under Federal Farm Loan Act. or such act as amended. (See line (f), column 3, schedule D, form 
1040, p. 126.) The amount of interest received which is subject to surtax if the surtax net income is over $4,000 
is included in the item "Interest on Government obligations not wholly exempt from tax" in the text table 
on p. 12 and in basic table 7 on pp. 71-74. 



20 



STATISTICS OF INCOME 



For the preceding table, "Wholly and partially tax-exempt obliga- 
tions reported in individual returns for 1934 with net income of 
$5,000 and over," etc., it was necessary this 3^ear, due to the arrange- 
ment of the kinds of obligations in schedule D on form 1040 (see p. 
126), to tabulate "Obligations of United States possessions" with "Obli- 
gations of States and Territories or political subdivisions thereof," 
instead of with "Obligations issued under Federal Farm Loan Act," as in 
1933. Also, the partially tax-exempt obligations of the Federal Gov- 
ernment are tabulated in two parts, as follows: "Liberty 4 and 4)^ per- 
cent bonds and Treasury bonds" and "Obligations of instrumentalities 
of the United States other than obligations issued under Federal Farm 
Loan Act, or such act as amended." 

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 statu- 
tory requirements that every individual with gross income of $5,000 
and over, irrespective of the amount of net income or deficit, file an 
income tax return. Tabulations prepared from these returns by 
deficit classes and by sources of income and deductions are shown 
below. The distribution of the returns by States and Territories and 
more detailed tabulation of the sources of income and deductions, by 
deficit classes, are show^n in basic tables 10 and 11, pages 106-107. 

Individual returns for 1934- on form IO4O with no net income, by deficit classes, 
showing number of returns, deficit, and totals for 1930 to 1934 

[Money figures and deficit classes in thousands of dollars] 



Deficit classes 


Number of 
returns 


Deficit 




89, 463 

7, 677 

4,643 

1, 425 

589 

171 

144 

31 

18 

9 


112,312 


5-10 


53, 598 


10-25 . - 


70, 249 


25-50 


49,310 


50-100 - 


40, 248 


100-150 


20, 790 


150-300 


29, 495 


300-500 


11,401 


500-1 000 


11,433 


1,000 and over - 


14, 022 








Total 1934 


104, 170 
168, 449 
206, 293 
184, 583 
144, 867 


412,859 


1933 


1,141,331 


1932 - 


1, 480, 922 


1931 


1, 936, 878 


1930 


1, 539, 452 







STATISTICS OF INCOME 



21 



Individual returns for 1934 on form IO4O iviih no net income, shoicing sources of 

income and deductions ' 



Sources of income and deductions 



Sources of income; 

Salaries, wages, commissions, fees, etc.. 

Business profit 

Partnership profit 2 

Net capital sain s 

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; 

Business loss 

Partnership loss 2 ._ 

Net capital loss 3 

Interest paid 5_ 

Taxes paid 5 

Contributions 

All other 

Total deductions 

Deficit-- 



Amount 
(thou- 
sands of 
dollars) 



80, 415 
30, 808 
12, 137 
17, 746 
59, 225 
75, 078 
8,552 
2,224 
45, 235 
12, 635 



344, 055 



130, 522 
42, 943 
27, 274 
88, 538 
64, 143 
6,994 

396, 499 



756, 914 



412, 859 



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

2 See text, p. 8. 

3 For explanation of changes in 1934 act affecting net capital gain and net capital loss, see text, pp. 8-9, 
and synopsis of laws, pp. 118-119. 

* Interest received on 4 and 41.4 percent Liberty bonds and Treasury bonds, owned In excess of $5,000, 
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net 
income is over $4,000. 

5 Excludes amounts reported in schedule A as business deductions. 

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

RETURNS) 

The statistics showing the number of individual income tax returns 
for 1934, by counties, cities, and towns having a population of 1,000 
and over, are issued in a separate mimeographed bulletin entitled 
"Individual Income Tax Returns for 1934 — Number of Returns by- 
States, by Counties, and by Cities and Towns," which was released 
in May, 1936. Copies may be secured from the Bureau of Internal 
Revenue, Washington, D. C, upon request. Information on net 
income and tax liability in individual income tax returns is not tabu- 
lated 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 in the individual 
returns of the copartners according to their shares. A partnership 
return of income (form 1065, see p. 132) is, however, required to be 
filed. 



22 



STATISTICS OF INCOME 



The number of partnership returns filed for 1917 to 1934, inclusive, 
is as follows: 



Year: Number 

i9l7 31,701 

1918 100,728 

1919 175,898 

1920 240, 767 

1921 259,359 

1922 287,959 

1923 304,996 

1924 321,158 

1925 309,414 



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 

1934 221,740 



HISTORICAL SUMMARIES (INDIVIDUAL RETURNS) 

A resume of the individual income tax returns for each of the years 
since the inception of the present period of income taxation, showing 
number of returns, net income, and tax, by net income classes, also 
sources of income and deductions, is shown in the follomng tables. 

Individual returns by States and Territories for the years 1924 to 
1934, showing number, net income, and tax, are tabulated as a section 
of basic table 9, pages 81 to 105. 

Individual returns for 1913 to 1934, showing number of returns, net income, tax 
before tax credits, tax credits, and tax i 

[Money figures in thousands of dollars] 





Number of returns 




Year 


Total 


Taxable 


Nontaxable 


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 
4, 094, 420 










3, 900, 000 


1914.- 










4, 000, 000 


1915 










4. 600, 000 


1916 

1917 . . 


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 
1, 795, 920 


74, 066 
765, 656 
1, 032, 251 
1,101,579 
1, 741, 634 
3,072,191 
3, 106, 232 
3, 428, 200 
2, 880, 090 
1, 669, 885 
1, 667, 102 
1, 660, 606 
1, 547, 788 
1, 586, 278 
1, 669, 864 
1, 700, 378 
1,941,335 

1, 975, 818 

2, 298, 500 


83 
78 
77 
79 
76 
54 
54 
55 
61 
60 
60 
59 
61 
61 
55 
47 
50 
47 
44 


17 
22 
23 
21 
24 
46 
.46 
45 
39 
40 
40 
41 
39 
39 
45 
53 
50 
53 
56 


6, 298, 578 
13, 652, 383 


1918-.- .-- - 

1919 


15, 924, 639 
19, 859, 491 


1920 

1921- . 


23, 735, 629 
19, 577, 213 


1922 -.- 

1923 3 


21,336,213 

24, 777, 466 


1924 - 


25, 656, 153 


1925 - 


21,894,576 


1926 


21, 958, 506 


1927 


22, 545, 091 


1928 


25, 226, 327 


1929 


24, 800, 736 


1930 


18,118,635 


1931 


13, 604, 996 


1932 


11,655,757 


1933- 


11,008,638 


1934 


12, 796, 802 







1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 112-119. Returns for 1913 pertain to the last 10 months of that year; 
taxes shown for 1913 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as 
shown in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, addi- 
tional assessments, etc.; tax for 1916 and subsetiuent years is amount reported on returns. 

3 Revised figures- (See Statistics of Income for 1925, pp. 28-29.) 



STATISTICS OF INCOME 



23 



Individual returns for 1913 to 1934, 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 2 


12^^ per- 
cent on 
capital 
net loss 
from sale 
of assets 
held 
more 
than 2 
years 


Total 


Tax 


1913 


12, 729 
16, 559 
23, 996 
51,441 
156, 897 
476, 433 
468, 105 
478, 250 
308, 059 
355,410 
378, 388 
257, 795 
216, 360 
200, 599 
215,817 
281, 895 
162, 332 
129, 475 
82, 302 
156, 606 
UA, 277 
123,261 


15, 525 

24, 487 
43, 948 
121, 946 
433, 346 
651,289 
801, 525 
596, 804 
411,327 
474, 581 
464, 918 
437, 541 
432. 853 
448, 330 
511,731 
688, 825 
582, 393 
316,816 
186, 078 
239, 232 
244, 307 
388, 139 




28. 254 

41.046 

67, 944 

173, 387 

* 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 

511,400 








28,254 


1914 










41 046 


1915 










67 944 


1916 










173 387 


1917 .. 










* 795, 381 
1, 127, 722 


1918 










1919 










1, 269, 630 


1920 










1,075,054 
719 387 


1921 










1922 


31,066 

38. 916 

48. 603 

117.571 

112.510 

1.34,034 

233, 451 

284, 654 

65. 422 

19, 423 

6,039 

16, 435 








861,057 


1923 3 






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... 


734 555 


1926 


732 475 


1927 


830, 639 
1, 164, 254 


1928 


1929 . 


1,001,938 


1930- . 


476, 715 
246 127 


1931- .... 


1932... 


329, 962 


1933 




374, 120 


1934 




511. 400 















2 See limit of credit on p. 115, footnote 6(p'i. 

3 Revised figures. (See Statistics of Income for 1925, pp. 28-29.) 

< Includes war excess-profits taxes of $101,249,781 on individuals and of $103,887,984 on partnerships. 
« 25 percent reduction provided for in sec. 1200 (a) of Revenue Act of 1924. 



Number of individual returns for 1914 to 1934, by net income classes 



Net income classes 
(thousands of dollars) 


1914 


1915 


1916 


1917 


1918 


1919 


1920 


Under 1 
















1-2 








1, 640, 758 

838, 707 

560, 763 

270, 666 

112,502 

30, 391 

12, 439 

3,302 

2,347 

559 

315 

141 


1, 516, 938 

1, 496, 878 

932, 336 

319,356 

116,569 

28, 542 

9,996 

2,358 

1,514 

382 

178 

67 


1, 924, 872 

1, 569, 741 

1,180,488 

438,851 

162, 485 

37, 477 

13, 320 

2,983 

1.864 

425 

189 

65 


2, 671, 950 


2-3 








2, 569, 316 


3-5 


149, 279 

127, 448 

58, 603 

14, 676 

.5, 161 

1,189 

769 

216 

114 

60 


127. 994 

120. 402 

60. 284 

17. 301 

6,847 

1, 793 

1,326 

376 

209 

120 


1.57, 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 

300-500 


1,063 
239 


500-1,000 -. 


123 


l,000andover 


33 






Total 


357, 515 


336, 652 


2 429, 401 


3. 472. 890 


4.425,114 


5, 332, 760 


7, 259, 944 







For footnotes see p. 24. 



24 STATISTICS OF INCOME 

Number of individual returns for 1914 to 1934, by net income classes^ — Contd. 



Net income classes 
(thousands of dollars) 


1921 


1922 


1923 3 


1924 


1925 


1926 


1927 


Under 1 


401, 849 

2, 440, 544 

2, 222, 031 

1, 072, 146 

353, 247 

132. 344 

28, 946 

8,717 

1, 367 

739 

162 

63 

21 


402, 076 

2, 471, 181 

2, 129, 898 

1,190,115 

391, 373 

151, 329 

35, 478 

12,000 

2,171 

1,323 

309 

161 

67 


368, 502 

2,523,150 

2, 472, 641 

1, 719, 625 

387, 842 

170. 095 

39, 832 

12, 452 

2,339 

1,301 

327 

141 

74 


344, 876 

2,413,881 

2,112,993 

1, 800, 900 

437, 330 

191,216 

47,061 

15,816 

3,065 

1,876 

457 

242 

75 


98, 178 

1,071,992 

842, 528 

1, 327, 683 

503, 652 

236, 779 

59, 721 

20, 958 

4,759 

3,223 

892 

479 

207 


119, 513 

1,045,519 

837, 792 

1, 240, 400 

560, 549 

246, 730 

57, 487 

20, 520 

4.724 

3,267 

892 

468 

231 


126, 745 


1-2 


996, 098 


2-3 


855, 762 


3-5. 


1, 209, 345 


5-10 

10-25 - 


567, 700 
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 






Net income classes 
(thousands of dollars) 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


Under 1 


111,123 

918, 447 

837, 781 

1, 192, 613 

628, 766 

270, 889 

68, 048 

27,207 

7,049 

5,678 

1,756 

983 

511 


126, 172 

903, 082 

810, 347 

1, 172, 655 

658, 039 

271, 454 

63, 689 

24, 073 

6,376 

5,310 

1,641 

976 

513 


150,000 

909, 155 

767, 684 

1, 070, 239 

550, 977 

198, 762 

40, 845 

13,645 

3,111 

2,071 

552 

318 

150 


185, 391 

862, 153 

675, 019 

912, 630 

417,655 

137, 754 

24, 308 

7,830 

1,634 

1,056 

268 

149 

77 


359, 688 

1, 489, 589 

967, 956 

703, 755 

251.014 

79, 210 

18, 480 

5,902 

995 

595 

140 

86 

20 


397, 676 

1,480,717 

914, 198 

599, 075 

229, 754 

75, 643"^ 

18, 423 

6,021 

1,084 

695 

141 

81 

50 


320, 460 


1-2 


1, 608, 095 


2-3 


980, 682 


3-5 


762, 536 


5-10 


290, 824 


10-25 


■ 102, 892 


25-50 


20, 931 


50-100 


6,093 


100-150 


982 


150-300 


690 


300-500 


116 


500-1,000 


86 


1,000 and over 


33 


Total 


4, 070, 851 


4, 044, 327 


3, 707, 509 


3, 225, 924 


3, 877, 430 


3, 723, 558 


4, 094, 420 







1 Changes in the revenue acts affectin? the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 112-119. The returns for 1913 are omitted, as they pertain only to the 
last in 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. , 

3 Revised figures. (See Statistics of Income for 1925, pp. 28-29.) 

Net income in individual returns for 1916 to 1934, l>y net iyicome classes i 
[Money figures and net income classes in thousands of dollars] 



Net income classes 


1916 


1917 


1918 


1919 


1920 


1921 


1922 


Under 1 












213, 850 

3, 620, 762 

5, 325, 931 

4,054,891 

2, 378, 7.59 

1, 958, 156 

979, 629 

582, 230 

163, 521 

145, 948 

61,343 

42, 780 

49,411 


247, 564 


1-2 




2,461,137 

2, 064, 977 

2,115,865 

1, 827, 508 

1, 687, 166 

1, 042, 320 

846, 894 

400, 492 

474, 652 

209, 905 

214,631 

306, 836 


2, 232, 355 

3, 626, 825 
3, 535, 219 
2, 145, 690 
1, 736. 548 

978, 043 
679, 721 
284, 107 
305,025 
144, 545 
119,076 
137, 487 


2,829,113 

3, 807, 286 

4,513,264 

2,954,137 

2, 412, 276 

1,277,365 

896, 497 

358, 393 

371,149 

159,071 

128, 290 

152, 650 


4, 050, 067 

6, 184, 543 

5, 039, 607 

3,068,331 

2, 547, 905 

1, 307, 785 

810, 386 

265, 512 

215, 139 

89, 314 

79, 963 

77,078 


3, 630, 571 


2-3 . 




5,153,497 


3-5 


624, 669 
1, 037, 248 
1,235,016 
822, 662 
722, 795 
357, 355 
505, 859 
271, 938 
256, 771 
464,264 


4, 500, 558 


5-10 


2,641,905 


10-25 


2, 255, 872 


25-50 


1, 208, 274 


50-100 


805. 224 


100-150 - --- 


260. 204 


150-300 


266. 814 


300-500 


116,672 


500-1,000 . 


107, 671 


1,000 and over 


141, 387 


Total 


6, 298, 578 


13, 652, 383 


15, 924, 639 


19,859,491 


23, 735, 629 


19, 577, 213 


21, 336, 213 



For footnotes see p. 25. 



STATISTICS OF INCOME 



25 



A'et income in individual returns for 1916 to 1934, by net income dassses ^ — Contd. 
[Money figures and net income classes in thousands of dollars] 



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 24,777,466 25,656,153 



1923 2 



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 



1924 



1925 



58, 306 

1, 774. 602 

2, 047, 970 

5, 236, 003 

3, 463, 852 

3, 544, 898 

2, 032, 239 

1,418,948 

572, 860 

655, 300 

339, 774 

327, 368 

422, 457 



1926 



21. 894, 576 



67, 238 

1, 747, 917 

2, 042, 903 

4, 872, 789 

3, 838, 953 

3, 660. 622 

1. 954, 653 

1, 389, 339 

570, 190 

661,412 

340, 214 

317,881 

494, 394 



21,958,506 



1927 



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 



22, 545, 091 



1928 



64,535 

1,526,832 

2, 030, 901 

4, 648, 098 

4, 282. 520 

4, 037, 853 

2, 326, 503 

1, 857, 878 

850, 451 

1, 157, 131 

663, 900 

670, 862 

1, 108, 863 



25, 226, 327 



Net income classes 



1929 



1930 



1931 



1932 



1933 



1934 



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.... 



73, 742 

1, 499, 908 

1, 958, 595 

4, 572, 596 

4,481,576 

4, 025, 233 

2,174,458 

1, 646, 476 

770, 536 

1,087,410 

628, 229 

669, 878 

1, 212, 099 



1, 494, 526 

1,864,162 

4,151,967 

3, 723, 763 

2. 922. 750 

1,383,619 

919,040 

374, 171 

419,016 

207, 131 

211,693 

359, 905 



106, 622 

1,399,430 

1, 641, 594 

3.515,716 

2.807,001 

2. 006, 721 

820, 648 

528, 049 

196. 598 

212. 059 
102. 186 
102,311 

166. 060 



231, 140 

2, 145, 834 

2,437,251 

2, 597, 763 

1,677,039 

1, 160, 398 

629, 639 

393, 206 

119.896 

118,008 

52, 469 

57, 874 

35, 240 



264, 784 

2, C93, 292 

2, 295, 586 

2, 207, 458 

1, 537, 875 

1,112,086 

630, 005 

401, 049 

129, 159 

139, 215 

54, 570 

56, 700 

86, 857 



211,113 

2, 277, 726 

2, 467, 851 

2, 839, 348 

1,952.891 

1,513,592 

708, 530 

405, 976 

117,744 

140, 960 

43, 832 

59,464 

57, 775 



24, 800, 736 



18, 118, 635 



13, 604, 996 



11,655,757 



11,008,638 



12, 796, 802 



1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are sumrrarized on pp. 112-119. 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. 

2 Revised figures. (See Statistics of Income for 1925, pp. 28-29.) 

Tax in individual returns for 1916 to 1934, by net income classes ^ 

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



Net income classes 


1916 


1917 


1918 


1919 


1920 


1921 


1922 


Under 1 












174 
29, 161 
20, 712 
42, 744 
68, 871 
126, 886 
112,910 
115,712 
52, 330 
61,496 
31, 860 
25, 112 
31, 420 


247 


1-2 




16, 244 
9,097 
18, 283 
44, 066 
80, 695 
76, 593 
85, 028 
55, 766 
86, 718 
50, 228 
59, 349 
109, 425 


26, 482 
35, 415 
82, 929 
93. 058 
142,449 
130, 241 
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 


27, 081 


2-3 




20, 730 


3-5 


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


47, 533 


5-10... 


70, 388 


10-25 


123, 576 


25-50 


125, 697 


50-100 


144, 093 


100-150 


71, 337 


150-300 


98,810 


300-500 


43, 488 


500-1,000-. 


38, 559 


1,000 and over 


49, 518 






Total 


173, 387 


691, 493 


1, 127, 722 


1, 269, 630 


1, 075, 054 


719, 387 


861,057 



Net income classes 


1923 2 


1924 


1925 


1926 


1927 


1928 


1929 


Under 1 


317 

18, 253 

16, 606 

46, 048 

54, 075 

103, 109 

103, 601 

108, 879 

55, 719 

62, 104 

31, 669 

25, 498 

35, 788 


146 
10, 432 

10, 207 
26, 865 
28, 828 
78, 069 
109, 360 
136, 636 
75, 678 
92, 481 
45, 771 
42, 585 
47, 207 


69 

.1, 704 

3,809 

8,326 

19, 149 

74, 172 

120, 689 

147, 843 

79, 472 

103, 059 

55, 722 

53, 674 

66, 867 


56 

1,761 

4,217 

7,245 

20, 272 

72, 465 

112,797 

140, 947 

77, 900 

103, 997 

55, 256 

53, 665 

81, 893 


40 

1,234 
3,970 
6,508 
20, 665 
74, 226 
119,475 
156, 675 
87, 398 
123, 776 
73, 750 
64, 265 
98, 657 


60 
1,550 
4,317 

7,475 
22, 896 
82, 758 
136, 568 
194, 447 
116,855 
182, 514 
113,250 
116,424 
185, 140 


17 


1-2 


553 


2-3 .. 


1,404 


3-5 


2,413 


5-10 


9,551 


10-25 


59, 893 


25-50 


113,904 


50-100 . 


160, 814 


100-150 


99, 560 


150-300 


159, 221 


300-500 


97, 336 


500-1,000 


106,219 


1,000 and over 


191,054 






Total . 


661, 666 


704, 265 


734, 555 


732, 471 


830, 639 


1, 164, 254 


1,001,938 







For footnotes see p. 26. 



26 



STATISTICS OF INCOME 



Tax in individual returns for 1916 to 1934-, by net income classes ' — Contd. 

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



Net income classes 


1930 


1931 


1932 


1933 


1934 


Under 1 


37 

1,269 

3,310 

5,352 

17,448 

49, 561 

72, 708 

87, 379 

48, 749 

62, 463 

33, 053 

34, 289 
61,098 


24 

943 

2,466 

3,832 

12, 407 

31, 897 

40, 096 

44, 780 

23, 135 

28, 793 

15,411 

15, 457 

26, 886 


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


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 


111 


1-2 .- -. 


8,659 


2-3 


7,567 


3-5 


18, 349 


5-10 . 


43 086 


10-25 


83, 960 


25-50 


84, 907 
84, 792 


50-100 


100-150 


38, 166 


150-300 


57, 995 


300-500 


20, 854 


500-1,000 - 


30, 74S 


1,000 and over.- - 


32,211 






Total— --- 


476, 715 


246, 127 


329, 962 


374, 120 


511, 400 







• Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 112-119. 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. 

2 Revised figures. (See Statistics of Income for 1925, pp. 28-29.) 



Average rate of tax. on net income in individual returns for 1916 to 1934, by net 

income classes ^ 



Net income classes 


1916 


1917 


1918 


1919 


1920 


1921 


1922 


1923 


1924 


(thousands of dollars) 


Percent 


Under 1 












0.08 

.81 

.39 

1.05 

2.90 

6.48 

11.53 

19.87 

32.00 

42.14 

51.94 

58.70 

63.59 


0.10 

.75 

.40 

1.06 

2.66 

5.48 

10.40 

17.89 

27.42 

37.03 

37.27 

35. 81 

35.02 


0.13 

.49 

.27 

.71 

2.04 

4.06 

7.67 

13.06 

19.85 

23.83 

25.42 

26.81 

23.53 


0.06 


1-2 




0.66 

.44 

.86 

2.41 

4.78 

7.34 

10.04 

13.92 

18.27 

23.93 

27.63 

35.65 


1.19 
.98 
2.35 
4.34 
8.20 
13.32 
21.69 
33.68 
44.64 
54.77 
58.65 
64.65 


0.87 

.74 

1.68 

3.10 

6.83 

12.13 

20.79 

33.12 

43.94 

54.08 

59.42 

64.87 


0.91 

.74 

1.66 

3.19 

6.76 

11.80 

20.20 

32.61 

43.04 

52.67 

57.08 

63.81 


.29 


2-3 




.19 


3-5 


6.12 

.61 

.94 

1.41 

2.25 

3.48 

4.75 

6.60 

8.14 

11.09 


.39 


5-10 

10-25__ 


.96 
2.73 


25-50 


6.84 


50-100. - 

100-150 


12.81 
20.04 


150-300 


24.69 


300-500 


26.73 


500-1,000 -- 


26.87 


1,000 and over 


30.27 






All returns 


2.75 


5.06 


7.08 


6.39 


4.53 


3.67 


4.04 


2.67 


2.74 







Net income classes 

(thousands of 

dollars) 


1925 


1926 


1927 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


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 

.49 

.34 

.83 

2.28 

4.94 

8.31 

14.34 

23.51 

29.03 

32.82 

37.43 

31.96 


0.05 


1-2 


.38 


2-3 


.31 


3-5 


.65 


5-10 

10-25 


2.21 
5.55 


25-50 


11.98 


50-100 

lOO-LW 


20.89 
32.41 


150-300. 


41. 14 


.300-,'-)00 

500-1,000 


47.58 
51 70 


1,000 and over 


55.75 


All returns. - 


3.35 


3.33 


3.68 


4.62 


4.04 


2.63 


1.81 


2.83 


3.40 


4.00 



' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 112-119. Data for returns of net income under $5,000 estiiiated, based 
on sample for years 1918 to 1927 and 1929; and partly estimated and p.irtly tabulated 192S. 1930, and follow- 
ing years. 



STATISTICS OF INCOME 



27 



Sources of income and deductions, individual returns for 1916 to I934 1 
[Thousands of dollars] 



Distribution 


1916 


1917 2 


1918 


1919 


1920 


1921 


Income: 

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

Business*. 


1,851,277 
2, 637, 475 


3, 648, 438 

2, 865, 413 

775,087 

318, 171 


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

291. 186 


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

999, 364 


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

1, 020, 543 


13,813,169 
2, 366, 319 
1,341.186 

462. 859 


Partnerships 


Profit from sale of real es- 
tate, stocks, bonds, etc., 
other than taxed as cap- 
ital net gain from sale of 
assets held more than 2 
year' 




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




Rents and royalties 

Dividends on stock of do- 
mestic corporations '... 
Fiduciary ' 


643,803 

2, 136, 469 
379, 795 


684, 343 
2, 848, 842 


975, 680 
2, 468, 749 


1, 019, 094 
2, 453, 775 


1.047.424 
2. 735, 846 


1, 177. 958 
2, 476. 952 


Interest on Government 
obligations not wholly 
exempt from tax i"--. .. 






63, 377 
1,437,402 


61, 550 
1, 647. 750 


46, 994 
1,643,344 


Interest and other in- 
come "- .. 


701, 084 


936, 715 


1.403.486 




Total income. 


8, 349, 902 


12. 077, 009 


17, 745, 761 


22. 437, 686 


26, 690, 270 


23, 328, 782 




Deductions: 

Contributions 12 




245, 080 
640, 683 






387, 290 
2, 667, 351 




All other 


2,051,324 


1,821,122 


2, 578. 194 


3, 751, 569 




Total deductions 


2, 051, 324 


885, 763 


1.821,122 


2, 578, 194 


2, 954, 641 


3, 751, 569 


Net income 


6, 298, 578 


11,191,246 


15, 924, 639 


19, 859, 491 


23. 735. 629 


19, 577, 213 




Distribution 


1922 


1923 13 


1924 


1925 


1926 


1927 


Income: 

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


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, 760 
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 


Business*-. 


Partnership ' 


Profit from sale of real es- 
tate, stocks, bonds, etc., 
other than ta.xed as 
capital net gain from 
sale of assets held more 
than 2 years « 


1,813,396 


Capital net gain from sale 
of assets held more than 
2 vears " 


1,081,186 


Rents and royalties 

Dividends on stock of do- 
mestic corporations' 

Fiduciary '... 


1, 302, 276 

4, 254, 829 
421,481 


Interest on Government 
obhgations not wholly 
exempt from tax 10 

Other taxable interest n_. 

Other income n 


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






Total income 


24,871,908 


29, 247, 593 


29. 578. 997 


25, 272, 035 


25,447,436 


26, 208, 561 








Deductions: 

Net loss from sale of real 
estate, stocks, bonds, 
etc., other than report- 
ed for tax credit on 
capital net loss from 
sale of assets held more 










178, 216 

484, 205 

2, 826, 509 


227, 879 


Contributions '^ . 


425, 218 
3,110,478 


534, 797 
3, 935, 330 


533, 168 
3, 389, 675 


441, 590 
2, 935, 868 


507, 705 


Another 


2, 927, 886 






Total deductions 


3, 535, 696 


4, 470, 127 


3,922,843 3,377,458 


3, 488, 930 


3, 663, 470 


Net income 


21, 336, 213 


24, 777, 466 


25, 656, 153 


21, 894, 576 


21, 958. 506 


22, 545, 091 







For footnotes see p. 31. 



28 



STATISTICS OF INCOME 



Sources of incoyne and deductions, individual returns for 1916 to 1934 — Continued 

[Thousands of dollars] 



Distribution 


1928 


192918 


1930 


1931 


1932 


1933 


[ncome: 

Salaries, wages, commis- 


10,862,331 
3, 243, 955 

1, 929, 520 

2, 928, 142 
__1,879, 780 


11,173,068 

3, 327, 989 
1, 846, 431 

2, 335, 898 

2, 346, 704 
1,278,757 

4. 783, 240 
508, 221 

40, 184 

1, 908, 030 

296, 235 


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

636, 738 

5.56. 392 
974, 325 

4, 197, 304 
429, 459 

38, 134 

1, 608, 434 

332, 004 


.8, 325. 162 

1, 889. 7.59 

729, 523 

301, 664 

169, 949 
770, 764 

3,113,861 
309, 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 


Business * 


1, 402, 923 


Partnership ' 


603, 725 


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 o 


419, 591 


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


133,616 


Rents and royalties 

Dividends on stock of 
domestic corporations '- 


1, 104, 518 

4, 360. 979 
443, 998 

40, 553 

1,841,818 
302, 040 


447,883 

1,559,046 
276, 067 


Interest on Government 
obligations not wholly 

exempt from tax ic 

Other taxable interest "_- 
Other income "-. 


31, 689 
961, 732 
167, 197 








28, 987. 634 


29, 844, 758 


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 re- 
ported for tax credit on 
capital net less from 
sale of assets held more 
than 2 years » 


171,743 
I 


904, 665 


1, 232, 776 
172, 538 


1,160,765 
134, 685 


375, 445 
112.659 


365, 782 


Net loss from business i5__ 
Net loss from partner- 


( 61.985 
{ 30. 435 


ship 15 

Interest paid is 


1 

1 




I 507, 520 
1 506, 258 


Taxes paid i6 

Contributions '2 

All other 


/ 

,532, 886 
3, 056, 679 


527. 093 
3, 522, 265 


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, 044, 023 


4,293,811 


3, 663, 455 


2, 736, 323 


2, 385, 187 


Net income 


25, 226, 327 


24, 800, 736 


18,118,635 


13, 604, 996 


11,655,757 


11, 008, 638 







Distribution 



Income: 

Salaries, wa^-es, commissions, fees, etc.s 

Business profit * _ 

Partnership profit * 

Net capital gain '" 

Rents and royalties 

Dividends on stock of domestic corporations ' 

Fiduciary • 

Interest on Government obligations not wholly exempt from tax '« 

Other taxable interest ". 

Other income ".- - - 

Total income 

Deductions: 

Business loss is 

Partnership loss 'V.. 

Net capital loss " 

Interest paid i' 

Taxes paid'* 

Contributions '^ 

All other 

Total deductions 

Net income 



8, 600, 455 

1, 716, 842 

631.915 

211,319 

509, 844 

1, 965, 670 

288, 730 

38, 044 

909. 231 

220, 910 



15, 092. 960 



63, 885 
29. 004 
183, 762 
.517, 217 
541. 191 
272. 822 
688, 277 



2, 296, 158 



12, 796, 802 



For footnotes see p. 31. 



STATISTICS OF INCOME 



29 



Sources of income and deductions, individual returns for 1916 to 1934, of net income 

of $5,000 and over i 

[Money figures in thousands of dollars] 



Distribution 


1916 


1917 


1918 


1919 


1920 


1921 


Number of returns 


"272,252 


432, 662 


478, 962 


657, 659 


681,562 


525, 606 




Income: 

Salaries, wages, commissions, 
fees, etc. 3 


1, 398. 329 
2, 386, 905 


1. 791, 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 

254,456 


Business *. . . . 


Pnrnership 5 . 


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




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




Rents and royalties 


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 
1,915,138 


Dividends on stools of domes- 
tic corporations ' . 


Fiduciary'-- - 


Interest on Government obli- 
gations not wholly exempt 
from tax lo 






62. 571 

876, 687 


60, 432 

847, 894 


40, 281 
732, 697 


Interest and other income » 


627, 943 


822, 480 


799. 186 


Total income - - . - 


7, 393, 672 


7, 46S, 702 


7, 672. 243 


10. 303. 411 


10, 375, 561 


7, 914, 635 




Deductions: 

Contributions '^ 




186. 907 
271,391 










All other 


1, 719, 764 


1. 142. 003 


1, 598, 583 


1,914,150 


1, 552, 857 




Total deductions 


1, 719, 764 


458, 297 


1. 142, 003 


1, 598, .583 


1,914,150 


1, 562, 857 




Net income - . 


5, 673, 909 


7, 010, 404 


6, 530, 241 


8, 709, 828 


8,461,412 


6, 361, 778 




Distribution 


1922 


1923 13 


1924 


1925 


1026 


1927 


Number of returns 


594. 211 


625, 897 


697, 13S 


830, 670 


894, 868 


913, 597 


Income: 

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




2, 933, 454 

1,012,440 

918, 183 

490, 794 

249, 248 
482, 189 

2, 173, 499 
197, 189 

30, 962 
1 850, 935 


3,114,006 

1,057,731 

921, 851 

458, 184 

305, 394 
497, 624 

2, 435, 137 
233, 982 

30, 465 
864, 514 


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 
1,623,6.38 
1, 422, 799 

1, 723, 438 

940, 569 
679, 569 

3, 045, 368 
248. 163 

25, 651 
1, 084, 120 


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 


4, 524, 276 
1 704, 175 


Business * . 


Partnership f 


1,354,422 

1 511,859 


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_ 


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


1, 081, 186 


Rents and royalties 

Dividends on stock of 

domestic corporations '- 

Fiduciary 9_ 


644, 302 

3, 761, 910 
329, 351 


Interest on Government 
obligations not wholly 
exempt from tax lo 

Other taxable interest ".. 

Other income n 


47, 479 
r 1,115,925 
[ 185, 099 


Total income 


9. 338. 893 


9, 918, 886 


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 

1,091.377 


136. 482 


Contributions '2- 


211,863 
1, 323. 0G7 


238, 378 
1,391,835 


254, 072 
1, 405. 532 


293, 401 
1, 756, 030 


353, 188 


Another 


1, 706, 122 


Total deductions 


1, .534. 871 


1.630.214 


1. 659. 605 


2.049.431 


2, 140. 298 


2, 195, 792 


Net income 


7,804,022 


8, 288, 672 


9. 751. 156 


12. 777. »i', 6 


13. 227. 659 


14, 064, 193 



For footnotes see p. 31. 
8S019— 36 3 



30 



STATISTICS OF INCOME 



Sources of income and dedxictions , individual returns for 1916 to 1934, of net income 
of $5,000 and over * — Continued 

[Money figures in thousands of dollars] 



Distribution 


1928 


1929 


1930 


1931 


1932 


1933 




1, 010, 887 


1, 032, 071 


810, 431 


690, 731 


356, 442 


331,892 






Income: 

Salaries, wa^es, commis- 
sions, fees, etc.3 


5, 008, 286 
1, 772, 255 

1, 583, 322 

2, 700, 557 

1, 879, 780 
637, 371 

4,009,915 
364, 8S9 

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 

627, 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 
284, 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., otiier tlian taxed 
as capital net gain from 
sale of assets held more 


308, 711 
133, 616 


Capital net gain from sale 
of assets held more than 


Eents and royalties 

Dividends on stock of 
domestic corporations *. 


124, 144 

1. 199, 867 
182, 735 

31, 689 

422, 731 

69, 656 


Interest on Government 
obligations not wholly 
exempt from tax 'i 

Other taxable interest i'.. 

Other income " 






Total income 


19, 423, 216 


19, 710, 168 


13, 206, 817 


9,011,581 


5, 369, 646 


5, 107, 539 






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 " . 


f 26, 792 
1 15, 597 
/ 208,311 
\ 200, 078 
111,219 


Netlossfrom partnership" 


J 

}...... 






Taxes paid '^ 

Contributions '^ . . 


390, 923 
1, 946, 467 


384, 458 
1, 997, 123 


286, 218 
1, 347, 170 


202, 979 
981, 341 


139, 846 
764, 432 


All other 


245, 065 






Total deductions 


2, 467, 2.55 


3,014,274 


2, 685, 728 


2, 069, 948 


1, 125, 878 


960, 022 


Net income 


16. 955, 961 


16, 695, 895 


10, 521. 088 


6, 941, 633 


4, 243, 768 


4, 147, 517 







For footnotes see p. 31. 



STATISTICS OF INCOME 



31 



Sources of income and deductions, individual returns for 1916 to 1934, «/ net income 
of $5,000 and over > — Continued 

[Money figures in thousands of dollars] 



Distribution 



Number of returns - 

Income: 

Salaries, wages, commissions, fees, etc' 

Business profit * 

Partnership profit ' 

Net capital gain "... 

Rents and royalties _.- 

Dividends on stock, of domestic corporations s. 

Fiduciary ' -_ 

Intercut on Government obligations not wholly exejpt from tax '» 

Other taxable interest " ^--- 

Other income " 

Total income 

Deductions: 

Business loss " 

Partnership loss " 

Net capital loss '" 

interest paid •« 

Taxes paid '« 

Contributions '^ 

All other 

Total deductions 

Net income. 



1934 



422, 647 



, 300. 256 
568, 689 
438, 066 
160,218 
IPS. -SB 

, 585, 042 

203. 8?4 

38,044 

453. 48a 

99. 225 



6, 012. 662 



29,753 
15, 178 
90, 168 
231,267 
232,490 
129, f 50 
282, f 91 



1,011.898 



5, 000, 764 



• Changes in the Revenue Acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 112-119. 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 acd wherever net losses 
are shown on schedules, such net losses are transferred in tabulation to "Deductions," which also contain 
the other deductions included in the return under "Deductions." Data for returns of net income under 
$5,000 estimated on basis of sample for years 1918 to 1927 and 1929; and partly estimated and partly tabu- 
lated 1928, 1930, and following years. Data for 1917 exclude 1,040,758 returns with net income under $2,000 
and aggregate net income of $2,461,137,000. 

2 Excludes data for 1,640,758 returns with net income under $2,000 and aggregate net income of $2,461,- 
137,000. 

3 Excludes such wages and salaries of the individual, his wife, or dependent minors derived from the 
business conducted by the individual. Prior to 1924 such wages and salaries were reported eiti^er 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. 

» Certain income from partnership included in other sources (see notes 7. 8. 10. and 11). In 1934, amount 
includes net capital gain and loss from sale of capital assets by partnerships (see note 17). 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). 

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

' Capital net gain of individuals, partnerships, and fiduciaries given special classification for taxation 
in 1922 to 1933, inclusive. 

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

» Certain income from fiduciaries included in other sources (see notes 7, 8, 10, 11). In 1934. amount in- 
cludes net capital gain and loss from sale of capital assets for estate or trust (see note 17). In 1917 amount 
included in "Interest and investment income": in 1918 to 1921, inclusive, in "Partnerships." 

■0 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 incorr:e." 

" Includes all years, dividends of foreign corporations and income from all sources not reported elsewhere; 
includes interest on tax-free covenant bonds of individuals beeinning 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 1934. inclusive. 

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

13 Revised figures. (See Statistics of Income for 1925, pp. 28-29.) 

'< Included in "All other" deductions in 1917 to 1925, inclusive. 

'» Included in "All other" deductions in 1917 to 1929, inclusive. 

'6 Included in ".411 other" deductions in 1916 to 1932, inclusive. 

1' Net capital gain or loss on sale of capital assets (regardless of time held) by individuals, after certain 
limi tations are applied (see sec. 1 17, Revenue Act of 1934) . Excludes net capital gain or loss on sale of capital 
assets by partnerships or for estates or trusts reported on lines 5 and 6, respectively, form 1040. 

's Revised figures. The revised figures for 1929 for State of North Dakota are as follows: Wages and 
salaries, $16,210,666; business, $10,598,582; partnership, $3,391,625; profit from sale of real estate, etc., $1,275,- 
953; rents and royalties, $1,998,393; dividends, $1,804,455; fiduciary, $169,042; inte-est and other income, 
$2,837,816; total income, .$38,307,729; net loss from sale of real estate, etc., $266,206; contributions, $590,660: 
all other deductions, $6.2.53,613. 

i« Exclusive of returns of married women making separate returns from husbands. 



82 STATISTICS OF INCOME 

ESTATE TAX RETURNS 

The data included in the following tables are from estate tax 
returns filed during the year ended December 31, 1935, irrespective 
of the date of death of the decedent. The major portion of these 
returns was filed under the combined provisions of the Revenue Acts 
of 1926 and 1934, for decedents dying from May 11, 1934, to August 
30, 1935, inclusive. However, the provisions of earlier revenue acts 
apply to some of the returns, since under certain conditions extensions 
of time for filing are gi'anted. Also, a few returns were filed under 
the combined provisions of the Revenue Acts of 1926 and 1935 for 
estates of decedents dying between August 31 and December 31, 1935. 

A return is required in the case of every citizen, regardless of place 
of residence, or resident (only in the case of ever}^ resident if the deced- 
ent died prior to May 11, 1934, the efl'ective date of the Revenue Act 
of 1934), whose gross estate, as defined in the statute, exceeded 
$50,000 in value at the date of death, except that if the decedent died 
subsequent to the effective date of the Revenue Act of 1926 (Feb. 26, 
1926), and prior to the effective date of the Revenue Act of 1932 
(June 6, 1932), the return is required if the gross estate exceeded 
$100,000 in value at the date of death. Under the Revenue Act of 
1935, eflective on or after August 31, 1935, a return is required for 
every citizen, regardless of place of residence, or resident, if the gross 
estate exceeded $40,000 at date of death. A return is required in 
the case of every nonresident ahen (or every nonresident citizen and 
aUen if the decedent died prior to May 11, 1934, the effective date of 
the Revenue Act of 1934) any part of whose estate, regardless of value, 
was situated at date of death in the United States, within the mean- 
ing 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 bearmg on the tax liabihty. 

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 (1) the sum of the authorized deductions and (2) a specific 
exemption in the case of citizen or resident decedents (only in the case 
of resident decedents dymg prior to the enactment of the Revenue 
Act of 1934). 

Estates of decedents who died prior to February 26, 1926, are filed 
under revenue acts passed prior to that date and estates of decedents 
dying between February 26, 1926, and June 6, 1932 (the efl'ective 
date of the Revenue Act of 1932), are filed under the Revenue Act of 
1926. Estates of decedents dying subsequent to the efl'ective date 



STATISTICS OF INCOME 33 

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, 1934, or 
1935. The tax under the Revenue Act of 1926 apphes to net estates 
after deduction jf a specific exemption of $100,000 and tax credits 
are allowed for estate, inheritance, legacy, or succession taxes paid 
to any of the several States, Territories, or the District of Columbia, 
and for gift taxes paid to the Federal Government. The additional 
tax under the Revenue Act of 1932 applies to net estates after deduc- 
tion of a specific exemption of $50,000 and is equal to the excess of (1) 
the amount of a tentative tax computed at rates in the 1932 act, 
ranging from 1 percent on net estates not in excess of $10,000 to 45 
percent on the amount 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, appli- 
cable to returns of decedents djang between May 11, 1934, and August 
30, 1935, inclusive, increased the rates of the additional tax imposed 
by the Revenue Act of 1932. Under the 1934 act the rates used in 
the computation of the tentative tax range from 1 percent on net 
estates not in excess of $10,000 to GO percent on the amount in excess of 
$10,000,000. A further increase in the rates of the additional estate 
tax, originally imposed by the Revenue Act of 1932, and a reduction 
of the specific exemption from $50,000 to $40,000 are contained in the 
Revenue Act of 1935. For the negligible number of returns included 
in this report for decedents dying on or after August 31, 1935, the 
rates used in the computation of the tentative tax range from 2 
percent on net estates not in excess of $10,000 to 70 percent on the 
amount in excess of $50,000,000. 

The Revenue Act of 1924 allows a tax credit not to exceed 25 per* 
cent of the Federal estate tax (after deduction of any credit for gift 
tax imposed by the Revenue Act of 1924) for estate, inheritance, 
legacy, or succession taxes paid to any of the several States, Terri- 
tories, or the District of Columbia. Prior to the Revenue Act of 1924 
this tax credit was not allowed. Under the Revenue Act of 1926 this 
tax credit is increased to an amount not to exceed 80 percent of the 
Federal estate tax. No credit for estate, inheritance, legacy, or suc- 
cession taxes is allowable against the additional estate tax imposed 
by the Revenue Act of 1932, 1934, or 1935. Credit for gift tax 
imposed under the provisions of the Revenue Act of 1924 is allowable 
against estate tax accruing under the Revenue Act of 1924 or the 
Revenue Act of 1926 in respect of any property included in the dece- 
dent's gross estate. For decedents dying subsequent to the efiective 
date of the Revenue Act of 1932, a tax credit for gift taxes paid to the 
Federal Government is allowed both against the tax computed under 
the Revenue Act of 1926 and against the additional tax computed 
under the Revenue Act of 1932, 1934, or 1935. 



34 STATISTICS OF INCOME 

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 ofilce 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 
revenue acts passed prior to 1926, the Revenue Act of 1926 only, and 
from returns filed under the combined provisions of the Revenue 
Acts of 1926 and 1932, 1926 and 1934, or 1926 and 1935. In order to 
maintain comparability with the method of tabulation for preceding 
years, the data for taxable returns of decedents who died after the 
effective date of the Revenue Act of 1926 are classified by net estate 
classes which correspond 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, 
1934, or 1935 acts. 

The total mmiber of estate tax returns filed during the calendar 
year 1935 is 12,724, and the total tax liabihty is $155,466,000 (see 
table 7, p. 50). The number of returns for citizens or residents is 
11,110, of whicb 8,655 are taxable returns and 2,455 are nontaxable 
returns. The tax liability on the 8,655 taxable returns is $153,763,000. 
As compared with returns filed during the previous year, the number 
of taxable returns for citizens or residents increased by 674, or 8.4 per- 
cent, and the tax liability on such returns increased $58,535,000, or 
61.5 percent. 

In table 1, which is in the nature of a summary statement, the 
taxable and nontaxable returns for citizens or residents are classified 
according to the various revenue acts under which the returns were 
filed, and for each group of returns are sIiowti the number of returns, 
gross estate, deductions, net estate, and tax liability. 

This year, the data for the taxable returns m table 1 are presented 
in more detail than in former years. Tables 2 and 3 include the 
items of gross estate and deductions, and tables 4 and 5 include the 
items of net estate and tax liability. The taxable returns for resident 
decedents who died prior to May 11, 1934, are presented in tables 2 
and 4 and the taxable returns for citizen or resident decedents who 
died on or after May 11, 1934, are presented in tables 3 and 5. 



STATISTICS OF INCOME 35 

Table 6 presents a distribution by States of the returns of citizen or 
resident decedents which corresponds to table 2 in the Statistics of 
Income for 1933. However, this year, the table is more complete in 
that the tax credit for estate, inheritance, legacy, or succession taxes 
paid to any of the States, Territories, or the District of Columbia is 
tabulated separately from the tax credit for gift taxes paid to the Fed- 
eral Government, the number of nontaxable returns is tabulated 
separately from the taxable returns, and the returns filed under the 
Revenue Act of 1924 and prior acts are tabulated separately from those 
filed under later acts. 

Table 7, which is a historical summary of all estate tax returns 
filed, corresponds to table 4 in the Statistics of Income for 1933. No 
table appears in this report corresponding to table 3 in the Statistics 
of Income for 1933, since these data are available in tables 1 through 5. 



36 



STATISTICS OF INCOME 



Table 1. — Estate tax returns of resident decedents who died before May 11, 193 4, 

nontaxable returns, showing number of returns, gross 

[Money figures in 

[Returns filed from 





(1) 




Total 




6 
a 


All 

returns 

(2) 


Non- 
taxable 
returns 

(3) 


Taxable 
returns 

(4) 


1 




11,110 


2,455 


8,655 




Gross estate: ' 


9 


383, 333 

71,011 
73, 762 
177, 329 
198, 846 
520, 950 
901,311 
1,422,261 
351, 759 
144, 135 
133, 795 


76,116 

1,468 
4,573 
3,493 
11,162 
20. 696 
58, 173 
78. 869 
32. 251 
33,010 
17, 095 


307, 217 

69, 543 
69, 190 
173, 837 
187, 684 
500, 2,54 
843, 138 
1,343.392 
319, 508 
111,125 
116,700 


^ 


Investments in bonds and stocks: 
Federal Governn ent bonds: 

Wholly tax-exeirpt ' 


/I 


Partially tax-exen~pt ' 


e; 




fi 




7 




fi 




q 


Total bonds and stocks - -- 


10 


Mortgages, notes, cash, etc 


11 


Insurance (gross) 'i . .. -. 


1'' 


Miscellaneous " .. 




Total gross estate - 


13 


2, 435, 282 


237, 341 


2, 197. 941 




Deductions: 


14 


63, 249 

109.707 

517,023 

105, 517 

1,110,350 

37, 943 


16, 171 
12, 352 

344,916 
19, 979 

245, 350 

1,399 


47, 078 
97. 355 

172. 107 
85. 538 

865, 000 

36, 544 


l^i 


Funeral and administrative expenses .. 


16 




17 




18 
19 


Specific exemption: Act of 1924 or prior Acts; Act of 1926 12 

Property from an estate taxed within 5 years: Value at date of 
previous or present decedent's death, whichever is lower 

Total deductions . .. 


?0 


1,943.789 


640, 166 


1,303,622 




Net estate: " 

To which 1924 or prior rates apply ($50,000 exemption) 

To which 1926 rates apply ($100,000 exenption) 


''1 


717 

1, 027, 774 

1,311,474 

2,697 




717 

1,027,774 

1,311,474 

2,697 


99 




93 


To which 1932 or 1934 rates apply C$50,000 exemption) . . .- 




94 


To which 1635 rates apply ($40,000 exemption) 's 






Tax: » 

Under Act of 1924 or prior Acts 




95 


10 

12, 363 

141,077 

313 




10 

12, 363 

141,077 

313 


96 


Under Act of 1926 




?7 


Under Acts of 1932 or 1934 --- 




?8 


Under Act of 1935 










?9 


153, 763 




153, 763 









For footnotes see p. 38. 



STATISTICS OF INCOME 



37 



and of citizen or resident decedents > who died on or after May 11, 193 J,, taxable and 
estate by form of property, deductions, net estate, and tax 

thousands of dollars] 

Jan. 1 to Dec. 31, 1935] 



Returns of resident decedents 










Filed under Act 
of 1924 or prior 
Acts (death be- 
fore 10:26 a TTi., 
Feb. 26, 1926) 2 


FOed under Act 

of 1926 only 

(death frorn 10:26 

a. m. Feb. 26, 

1926, through 5 

p. m., June 6, 

1932) 3 


Filed under Acts of 1926 and 
1932 (death from 5:01 p. m., 
June 6, 1932, through May 
10, 1934) « 


Returns of citizen or resident 
decedents i filed under Acts 
of 1926 and 1934 or Acts of 
1926 and 1935 (death on or 
after May 11, 1934) « 




Non- 
taxable 

re- 
turns^ 
returns 

with 
no net 
estate 

(5) 


Tax- 
able re- 
turns- 
returns 

with 

net 

estate 

(6) 


Non- 
taxable 

re- 
turns- 
returns 

with 
no net 
estate 

(7) 


Tax- 
able re- 
turns — 
returns 

with 

net 
estate 

(8) ' 


Nontax- 
able re- 
turns^ 
no net 
estate 
under 
1926 or 
1932 Acts 

(9) 


Taxable returns « 


Non- 
taxable 
returns — 
no net 
estate 
under 

1926, 
1934, or 

1935 

Acts 

(13) 


Taxable returns ' 




No net 

estate 

under 

1926 Act 

but 
taxable 
under 

1932 

Act 

(10) 


Taxable 

under 

both 

1926 and 

1932 Acts 

(11) 


No net 
estate 
under 

1926 Act, 

but 
taxable 
under 
1934 or 

1935 Act 

(13) 


Taxable 
under 
Acts of 

1926 and 
1934 or 
Acts of 

1926 and 
1935 

(14) 


d 
a 

"3 

i 


3 


10 


56 


29 


835 


1,196 


1,158 


1,561 


3,287 


2,975 


1 


195 


295 

30 

97 

166 

42 

336 

210 

546 

138 

3 

269 


3,683 

32 

44 

43 

184 

302 

1,193 

1,496 

1,471 

1,706 

395 


1,514 

14 

99 

37 

223 

373 

1,497 

1,870 

1,315 

430 

556 


28, 974 

187 

1,198 

822 

3,717 

5.924 

18. 306 

24, 230 

10. 597 

11, 163 

6,288 


28, 993 

1,483 

3,323 

3,060 

9, 804 

17, 669 

27,464 

45, 133 

25, 702 

8,045 

7,326 


75, 448 

19, 281 

13,882 

50, 517 

40,876 

124, 556 

279, 150 

403, 706 

71, 409 

24, 354 

39,223 


43,264 

1,249 

3,331 

2,628 

7,260 

14, 469 

38,662 

53, 131 

20, 159 

20, 137 

10, 409 


64, 922 

1.994 
12, 641 
7.550 
27, 162 
49, 347 
75.914 
125, 261 
65. 343 
22. 562 
15. 802 


136, 044 

46. 741 

39, 148 

112. 506 

109. 578 

307, 972 

458.903 

766. 875 

155, 601 

55, 732 

53. 524 


2 

3 




4 




5 




6 




7 


12 

12 

24 

3 

3 


8 
9 
10 
11 

12 


239 


1,251 


8.750 


5,685 


81, 251 


115, 199 


614, 139 


147, 101 


293, 890 


1, 167. 776 


13 




2 
17 
16 

(16) 

500 


372 
664 

7,700 

781 

5,600 

188 


167 

249 

287 

21 

2,900 

111 


5,796 
4,322 

70, 095 
5.226 

83,500 

478 


4,671 
5,948 
13, 141 
6,686 
119,600 

561 


8,401 
26, 029 
61, 085 
25, 057 
115, 800 

14, 359 


10,003 

7,282 

267, 116 

13, 972 
156, 100 

679 


13. 346 
13.648 
26. 668 
10. 139 
328, 700 

154 


20,491 
51,465 
70,910 
43, 634 
297, 500 

21, 359 


14 


84 
4 


15 
16 
17 


150 
54 


18 
19 






292 


535 


15, 305 


3,735 


169, 417 


150, 606 


250, 732 


455, 153 


392, 655 


505,360 


20 




717 


















21 






1,950 






363. 408 
418, 865 






662, 416 

804. 741 

2,109 


2? 










23, 721 




64,147 
588 


23 














24 






















10 


















25 






9 






5,498 
40, 651 






6.856 

98. 654 

290 


2fi 










479 




1.294 
24 


27 














28 




















10 




9 




479 


46, 148 




1,318 


105, 800 


29 













38 



STATISTICS OF INCOME 



1 By sec. 403, Revenue Act of 1934, the definition of resident decedent was changed to include all citizen 
decedents regardless of place of residence. 

3 Returns are required to be filed if gross estate exceeded $50,000 in value at date of death. 

3 Returns are required to be filed if gross estate exceeded $100,000 in value at date of death. 

* Estates of decedents who died from 5:01 p. m., June 6, 1932, through May 10, 1934, 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. Returns are required to be filed if gross estate exceeded $50,000 in value 
at date of death. For statement of rates, exemptions, and credits contained in the provision of these Acts, 
see pp. 120-121. 

' KstMtes of decedents who died from May 11, 1934, throuffh Aug. 30, 1935, 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 1934. Returns are required to be filed if gross estate exceeded $50,000 in value at date of 
death. Estates of decedents who died on or after Aug. 31, 1935, 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 1935. Returns are required to be filed if gross estate exceeded .$40,000 in value at date of death. For 
statement of rates, exemptions, and credits contained in the provisions of these Acts, see pp. 120-121. 

6 A tabulation of these returns by net estate classes is found in tables 2 and 4, on pp. 39-41, 44-45 

' A tabulation of these returns by net estate classes is found in tables 3 and 5, on pp. 42-43, 46-47. 

8 The following items are distributed by form of property: Jointly owned property, $57,692,597; transfers 
made in conteniplation of or intended to take effect at or after death, $75,977,066; general power of appoint- 
ment exercised by will or by deed in contemplation of death, $29,912,132; and property from an estate taxed 
within 5 years, value at date of present decedent's death, $71,391,043. For statistics from estate tax re- 
turns filed during 1927 to 1932 "jointly owned property" only was distributed in this manner. 

» Securities the interest on which is wholly or partially exempt from the normal individual income tax 
and s irtax of the Federr.l Governrrent. 

w For insurance exemption, see "Deductions." 

" 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. 

'2 Specific exemption in .'i.ct of 1924 and prior Acts is $50,000 (t.ibulated in columns 5 and 6). Specific 
exemption in Act of 1926 is $100,000 (tabulated in columns 7 through 14). 

•3 A more detailed tabulation of net estate is found in tables 4 and 5 on pp. 44-47. 

" A more detailed tabulation of tax before tax credits, tax credits and tax after tax credits, is found in 
tables 4 and 5 on pp. 44-47. 

'• Forty-one taxi tile returns were filed for decedents who died on or after Aug. 31, 1935; 30 of these returns 
were taxable under the Revenue Act of 1935 only and 11 were taxable under both the Revenue Acts of 1926 
and 1935. 

w Less than $500. 



STATISTICS OF INCOME 



39 






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Funeral and administrative expenses.. 

Debts, unpaid mortgages, etc.. 

C haritable, public, and similar bequests. 

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Property from an estate taxed within 
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^ a 



STATISTICS OF INCOME 



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50 



STATISTICS OF INCOME 



Table 7. — Historical summary of estate tax returns for all decedents filed Sept. 9, 
1916, to Dec. SI, 19So, shoinng number of returns, gross and net taxable estate, 
and tax ^ 

[>Ioney figures in thousands of dollars] 





Eemrns filed 


Gross estate 


Filing period 


Total 


Resident 
deced- 
ents ' 


Nonresi- 
dent de- 
cedents ' 


Total 


Resident Nonresi- 
deced- dent de- 
ents * cedents « 


Sept 9. 1916-Jaii. 15. 1922 

Jan. 15-Dec. 31. 1922 


45,126 
13,876 

15,119 
14,513 
16,019 
14.567 
10.700 
ia236 
ia343 
ia3S2 
9. 889 
8,507 
ia275 
11,853 
12,724 


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 

11, 110 


2,896 
1,313 

1,156 
1,502 
2,006 
1,425 
1.347 
2.157 
1,761 
1,584 
1,556 
1,394 
1,548 
1,500 
1,614 


8,893,239 
3, C14, 073 

2,801,327 
2,566.522 
3, 001, 0S9 
3, 407. 923 
3, 173. 235 

3, 554. 270 
3,893,246 
4,165,623 

4, 075, 575 
2, 83a 388 
2,060,956 
2.267,285 
2,459,892 


8,7S5,642 
2, 955, 959 

2, 774, 741 
2,540.922 
2,958,364 
3, 3S6, 267 
3, 146. 290 
3, 503, 239 
3,843,514 
4, 108. 517 
4,042,381 
2,795,818 
2,026,931 
2,244,107 
2.435,282 


107, 597 
58,113 


Jan. 1-Dec. 31: 

1923._ „ 

1924 


29,587 
25,600 


1925 


42,725 


1926 


21,656 


1927 

1928 „ 

1929 

1930 

1931 _ 

1932 

1933 

1934 

1935 


26,945 
51,032 
49,732 
57,106 
33,195 
34,570 
34,025 
23,178 
24,609 





Net taxable estate 




Tax 




Filing period 




Resident 


Nonresi- 




Resident 


Nonresi- 




Total 


deced- 


dent de- 


Total 


deced- 


dent de- 






ents* 


cedents ' 




ents ' 


cedents » 


Sept. 9, 1916-Jaa. 15, 1922 


... 5,509,522 


5, 407. 674 


101, 849 


356,516 


351,138 


5,378 


Jan. 15-Dec. 31. 1922 


...1 1,704,974 


1, 652, 832 


52,142 


120,562 


117, 624 


2,938 


Jan. 1-Dec. 31: 














1923 


1 1.532,061 


1. 504, 621 


27.440 


89,109 


8S.3S4 


726 


1934 


i 1,395.816 


1, 372, 421 
1. 621. OOS 


23,395 
37,861 


71. 939 
87. 322 


71,451 
86.223 


4S8 


1925 


...i 1,658,869 


1,099 


1936 


...1 1,972,537 


1.951.969 


2a 567 


101.805 


101,324 


481 


1927 


... 1,761.617 


1,735,840 


25.777 


41,686 


4a 931 


755 


1928 _ 


... 1.992,503 


1.943.429 


49. 075 


41.959 


40,561 


1,398 


1929 


... 2.313,976 


2,268.323 


45.653 


44,388 


43,303 


1,085 


1930 


... Z 427. 454 


2. 376. 973 


50.4S1 


41.617 


39,003 


2,614 


1931 


... 2.356,332 


2, 327. 319 


29.013 


45.200 


44,.'v40 


660 


1932 


... 1,423.437 


1. 391. 569 


31,868 


23,674 


22.364 


1,310 


1933 


... 828.302 


« 798. 246 


*3a056 


61. 415 


« 59, 429 


< 1,986 


1934. 


... 902,745 


< 882, 712 


<2a033 


96,216 


•95,228 


<98S 


1935 


... 1,051,378 


* 1.028. 490 


«22,888 


155.466 


« 153, 763 


« 1,703 



I Changes in the Revenue Acts affecting the comparability of statistical data from estate tax retmns are 
sumrasjized on pp. i:X-121. 

' Includes citizens residing outside the United States who died on or after May 11, 1934. 

' Exc!ades citizens residing outside the United States who died on or after May 11. 1934. 

< The net taxable estate for decedent who died after 4:59 p. m. June 6, 1932. is shown under the provisions 
of the Revenue .\ct of 1926, whereas the tax is under the provisions of that Act plus the additional tax 
under the Revenue Acts of 1932, 1934, or 1935. 



GIFT TAX RETURNS 

There are presented herein tables compiled from gift tax returns 
for 1934, filed during the calendar year 1935. The provisions of the 
Revenue Act of 1932 apply to gifts made during the calendar year 
1934. This Act imposes a tax, payable by the donor, upon the transfer 
of property by gift made subsequent to June 6, 1932, at rates grad- 
uated from three-fourths of 1 percent upon net 2:ifts of less than 
SIO.OOO to 33^-2 percent on the amount in e.xcess of 810,000,000. Any 
individual citizen or resident of the United States who makes any 
transfer by gift which exceeds So, 000 in value to any one donee, or 
regardless of value if the gift consists of a future interest, must file a 



STATISTICS OF INCOME 51 

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 year for which the return is filed. From 
the tax so determined there is deducted an amount computed by 
applying like rates to the cumulative net gifts made up to the begin- 
ning of such calendar year. The balance is the tax liabihty for the 
calendar year for which the return is filed. 

The following tables show 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, deductions, 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 Uability 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 obtaiued bv subtracting from the total 
gifts: 

(1) An exclusion of 85,000 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 850,000 for each resident 
or citizen donor, which may be taken all in one year or spread over a 
period of years at the option of the donor. 

The several forms of gifts, comprising 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 benefits 
of a contract of insurance, etc. Giits of stocks and bonds comprise 
72.1 percent of total gifts, foUowed by gifts of cash amounting to 
12 percent, real estate 6.5 percent, miscellaneous gifts 5.4 percent, and 
insurance 4 percent. Gifts for charitable, pubUc, and similar purposes 
amounted to 9.2 percent of the total gifts made. 

A little more than one-half of the total gifts was effected by trusts. 
The following table gives, for each form of property, the total gifts, 
amount by trust, and all other gifts: 



52 



STATISTICS OF INCOME 



Gift tax returns for 1934 showing by form of property the total gifts, amount by trust, 

and all other gifts 

[Thousands of dollars] 



Form of property 


Total 

gifts 


Amount 
by trust 


All other 
gifts 


Real estate 


57, 723 
640, 761 
106, 265 
35, 620 
48, 384 


12.106 
406, 467 
21.918 
17, 729 
11,120 


45,617 


Stocks and bonds 


234, 294 


Cash 


84, 347 




17,891 




37, 264 






Total - 


888, 753 


469, 340 


419, 413 





From the following table comparison can be made with respect to 
all returns filed for the calendar years 1932, 1933, and 1934: 

Gift tax returns for 1932,^ 1933, and 1934, showing total number of returns, taxable 
and nontaxable returns, total gifts, net gifts, and tax 

[Money figures in thousands of dollars] 



Period 



June 6-Dec. 31, 1932_ 
Jan. 1-Dec. 31, 1933- 
Jin. 1-Dec. 31, 1934_ 



Number of returns 



Total 



1,747 
3,683 
9,270 



Taxable 



245 

878 
2,528 



Nontax- 
able 



1,502 
2,805 
6,742 



Total 

gifts 



81, 389 
241, 008 
888, 753 



Net gifts 



17, 879 
101,793 
537, 086 



Tax 



1,111 
8,943 
68, 383 



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



Of the donors who filed gift tax returns for 1934, there were 1,825 
who had also made gifts in preceding years. 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 1934 and preceding years,^ showing number 
of returns, net gifts, and tax 

[Money figures in thousands of dollars] 





Num- 
ber of 
returns 
for 
1934 


Net gifts on returns for— 


Tax on returns for— 




1934 


Preced- 
ing 
years • 


Total 


1934 


Preced- 
ing 
years ' 


Total 


Returns taxable for 1934 of donors filing 
nontaxable returns for preceding years. .. 

Returns taxable for 1934 of donors filing 
taxable returns for preceding years 

Returns not taxible for 1934 of donors fil- 
ing taxable returns for preceding years . 


419 
379 

14 

1,013 


66, 061 

188, 048 


58, 517 
2,216 


66, 061 

246, 565 

2,216 


7,684 
38, 628 


6,337 
161 


7,684 

44, 965 

161 


Returns not taxable for 1934 of donors fil- 
ing nontaxable returns for preceding 
years_. 




















Total... 


1,825 


254, 108 


60, 733 


314, 841 


46, 313 


6,497 


52, 810 







> Covers period June 6, 1932, to Dec. 31. 1933. 



STATISTICS OF INCOME 



53 



Table 1. — Gift tax returns for 1934 &!/ net gift classes, showing number of returns, 
total gifts 1 hij form of property, exclusions, total gifts after exclusions, deductions, 
net gifts,- and tax 

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



Net gift classes ' 



Nontaxable returns: 
No net gifts 



Taxable returns: 

Under 10 

10-20. 

20-30 

30-40 

40-50. 

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 

4,000-4,500. 

4,500-5,000 

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 taxable returns. 
Grand total 



Number 
of returns 



6,742 



514 

262 

194 

176 

192 

391 

317 

231 

77 

43 

31 

40 

25 



2,628 



9,270 



Total gifts by form of property 



Real 
estate 



25, 653 



2,458 
1,075 
1,753 

919 

915 
3,840 
3,598 
3,525 
1,525 

147 
1,017 
1,312 
3,870 
2,595 

383 
1,800 



1,338 



32, 070 



57, 723 



Stocks 

and 

bonds 



105, 869 



13, 231 

9,203 

8, S52 

9,841 

11,481 

35, 136 

46, 297 

61, 627 

35, 375 

27, 986 

24, 243 

41, 033 

37, 420 

15,003 

12, 742 

14,216 

7,240 

19, 082 

4,713 

5,581 



7,470 



9,926 
77, 196 



534, 891 



640, 761 



Cash 



43, 814 



3,009 
3,104 
1,911 
3,200 
3,110 
6, 469 
7,086 
7,396 
2,109 
2,525 

962 
4,251 
1,974 

437 
3,814 
2,137 

627 

2,964 

10 



93 
5,264 



62, 451 



Insur- 
ance 



7,176 



1,500 

1,077 

676 

861 

1,669 

3,101 

3,471 

2,308 

2,815 

2,979 

2,015 

2,402 

116 



1,723 



1,729 



28, 443 



106, 265 



35, 620 



Miscel- 
laneous 



13, 812 



1,863 

1,038 

1,540 

768 

1, 556 

2,958 

3,508 

2,704 

1,334 

837 

1, 880 

349 

2,483 

2,646 

80 

26 

9 

54 



8,903 

47 



34, 672 



48, 384 



Total 
gifts 
before 
exclu- 
sions 



196, 325 



22, 052 
15,497 

14, 733 

15, 588 
18,731 
61,504 
63, 961 
77,561 
43, 157 
34, 473 
30,116 
49,347 
45, 863 
20, 682 
17,020 
19. 9C0 

7,876 

22, 101 

4,7:;3 

6,581 



7,470 



18,922 
85, 672 



692, 428 
888. 763 



For footnotes see p. 64. 



54 



STATISTICS OF INCOME 



Table 1. — Gift tax returns for 1934 by 7ict gift classes, shoicing number of returns, 
total gifts ' by form of property, excluHons, total gifts after exclusions, deductions, 
net gifts,'- and tax — Continued 

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





Exclu- 
sions not 

exceed- 
in? S5.000 
for e^ich 

donee 


Total 
gifts 
after 
exclu- 
sions 


Deductions 


Net gifts 




Net gift classes « 


Chari- 
table 
Rifts 
after 
exclu- 
sions ' 


Specific 
exemp- 
tion 
claitred 
in 1934 
return * 


Total 
deduc- 
tions 


Tax 


NontMable returns: 

No net gifts 


50,264 


146,061 


41, 370 


104, 691 


146, 001 












Taxable returns: 

Under 10 


4,509 

2,825 

2. 214 

1.930 

2,127 

4,910 

4,870 

3.723 

1, 405 

795 

740 

1,088 

630 

200 

115 

170 

80 

250 

15 

20 


17,542 
12. 672 
12.519 
13. 658 
16.604 
46. 594 
59. 091 
73.838 
41,752 
33. 678 
29,376 
48, 258 
45. 233 
20. 482 
16,905 
19. 730 
7,795 
21,851 
4,708 
5,561 


754 

559 

323 

1,223 

153 

3.054 

1.834 

1,009 

1,787 

2, 709 

495 

230 

637 

83 

164 

84 

64 

242 

5 


14, 721 

8,381 

7.465 

6,327 

7.856 

15.299 

12, 424 

8.564 

3. 059 

1, 605 

1.098 

1, 459 

61X> 

350 

150 

150 

99 

32 

50 


15, 474 

8,941 

7.788 

7.550 

8.010 

18, 3.53 

14. 258 

9.573 

4.846 

4,314 

1,593 

1.695 

1.237 

433 

314 

234 

163 

275 

55 


2,068 

3,731 

4,731 

6, 108 

8,594 

28,241 

44, S33 

64,264 

36,906 

29.364 

27. 783 

46. 563 

43. 996 

20.049 

16. f 91 

19. 496 

7,632 

21,576 

4,653 

5,561 


25 


10-20 


51 


20-30 


75 


30-40 


125 


40-50 


192 


50-100 


964 


100-200 


2, 102 


200-tOO 


3,927 


400-600 


2,630 


600-300 


2,402 


800-1,000 


2,528 


1,000-1,500 


4.605 


1,500-2,000.. 


5.338 


2.000-2,500 


2,675 


2,50>-3.000 


2,278 


3,000-3,500 


3.344 


3,500-4,000 


1, 170 


4,000-1.500 


3,862 


4.500-5,000 




5,000-6.000 


1,270 


6,000-7.000 










7.000-8.0(X) 


15 


7,455 




45 


45 


7,410 


1,516 


S.000-9.000 






9.000-10.000... 


30 
450 


18,892 
85,122 


9.479 
7,549 




9.479 
7,599 


9,413 
77,523 


2,210 


10.000 and over... 


50 


24,315 






Total taxable returns 


33. 112 


659. 315 


32.443 


89. 786 


122,229 


537, 086 


68,383 


Grand total 


83,377 


805, 376 


73, 814 


194, 476 


268,290 


537,086 


68,383 







' Total gifts before subtracting exclusions and before deducting charitable, public, and siailar gifts and 
specific exemptions. 

* Xet gifts after exclusions and deductions. 

' Total charitable, public, .and si:iiilar gifts after tot.al exclusions for such gifts not exceeding $5,000 for 
each donee (.except future interests). 

< A spoeiftc exernpnon of .S.iO.OOO is allowed each resident or citizen donor. At the option of the donor, 
this a:uount may be taken in one ye.ar or spread over a period of years. 



STATISTICS OF INCOME 



55 



Table 2. — Gift tax returns for 1934 by total gift classes and by taxable and nontax- 
able returns, showing number of returns, total gifts before exclusions,^ exclusions, 
total gifts after exclusions, deductions, net gifts,^ and tax 

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





Total 
num- 
ber of 
returns 


Taxable 




Num- 
ber of 
returns 


Total 
gifts 
before 
exclu- 
sions 


Exclu- 
sions 
not ex- 
ceeding 
$5,000 
for each 
donee 


Total 
gifts 
after 

exclu- 
sions 


Deductions 


Total gift classes i 


Charitable, 

public, and 

similar bequests 


Specific 
exemp- 
tion 
claimed 
in 1934 
return * 


Total 
de- 
duc- 
tions 




Num- 
ber of 
donees 


Amount 
after 
exclu- 
sions 3 


Under 10 . 


1,649 

2,070 

1,208 

774 

733 

1,487 

688 

348 

115 

47 

29 

53 

21 

17 

8 

6 

2 

4 

3 

2 


90 

106 

73 

61 

65 

821 

669 

337 

112 

46 

29 

53 

21 

16 

8 

6 

2 

4 

3 

1 


624 
1,459 
1,795 
2,164 
2,912 

60, 820 

90, 617 

91, 754 
53, 847 
31,565 
25, 799 

61, 637 
36, 201 
34, 339 
21, 740 
19, 403 

7,258 
17, 172 
13, 775 

5,581 


415 

671 

674 

645 

700 

8,002 

8,661 

5,925 

2,140 

815 

605 

1,713 

495 

455 

150 

165 

40 

175 

150 

20 


209 

788 

1,121 

1,519 

2,212 

52, 818 

81,956 

85, 829 

51, 707 

30, 750 

25, 194 

59, 924 

35, 706 

33, 884 

21, 590 

19,238 

7,218 

16,997 

13, 625 

5,561 






3 

68 

251 

559 

700 

34,925 

28, 826 

13, 186 

4,750 

1,769 

1,101 

1,947 

461 

563 

200 

150 

100 

81 

60 


3 


10-20 . .- 


2 

5 

12 

3 

6 

SO 

81 

68 

39 

19 

16 

60 

14 

25 

7 

8 

1 

14 

8 


10 

49 

5 

14 

343 

1,348 

1,282 

1,189 

1,115 

247 

2,795 

177 

4,280 

2,161 

87 

1 

157 

155 


78 


20-30 


301 


30-40 


564 


40-50 


714 


50-100 


35, 268 


100-200 


30, 175 


200-400 


14, 468 


400-600. 


5,938 


600-800. — 


2,884 


800-1,000 


1,347 


1,000-1,500 


4,742 


1,500-2,000.. 


638 


2,000-2,500 


4,843 


2,500-3,000 


2.361 


3,000-3,500 


237 


3,500-4,000 


101 


4,000-4,500. 


238 


4,500-5,000. 


205 


5,000-6,000 




6 000-7 000 








7,000-8,000 


1 


1 


7,470 


15 


7,455 






45 


45 


8,000-9,000 








9,000-10,000 




















10,000 and over 


5 


4 


101,494 


480 


104,014 


60 


17,028 


50 


17,078 






Total 


9,270 


2,528 


692, 428 


33, 112 


659,315 


498 


32, 443 


89, 786 


122, 229 







For footnotes see p. 56. 



56 



STATISTICS OF INCOME 



^ABLE 2. — Gift tax returns for 1934 by total gift classes and by taxable and nontax- 
able returns, shoxving number of returns, total gifts before exclusions,^ exclusions, 
total gifts after exclusions, deductions, net gifts,'^ and tax — Continued 





[Money figures and total gift classes in 


thousand 


3 of dollars] 








Taxable— Con. 


Nontaxable 




Net 
gifts 


Tax 


Num- 
ber of 

re- 
turns 


Total 
gifts 
before 
exclu- 
sions 


Exclu- 
sions 
not ex- 
ceeding 
$5,000 
for 
each 
donee 


Total 
gifts 
after 
exclu- 
sions 


Deductions 


Total gift classes • 


Charitable, 
public and 
similar be- 
quests 


Spe- 
cific 
exemp- 
tion 
claimed 
in 1934 

re- 
turn * 


Total 




Num- 
ber of 
donees 


Amount 
after 
exclu- 
sions 3 


tions 


Under 10 


206 

709 

821 

955 

1,499 

17,550 

51, 782 

71,360 

45,769 

27, 865 

23, 847 

55, 182 

35,068 

29,041 

19, 229 

19,001 

7,117 

16, 759 

13, 420 

5,561 


4 

16 

17 

20 

39 

376 

1,881 

4,000 

3,103 

2,203 

2,071 

5,326 

4,222 

3,667 

2,567 

3,246 

1,060 

3,030 

2,223 

1,270 


1,559 

1,964 

1, 135 

713 

668 

666 

19 

11 

3 

1 


10, 491 

27, 326 

27, 514 

24, 321 

29,862 

37. 863 

2,809 

2,995 

1,440 

659 


6,816 

11,956 

8,907 

6,762 

6,648 

8,340 

436 

255 

15 

20 


3,676 

15,369 

18, 607 

17, 559 

23, 214 

29, 523 

2,373 

2,740 

1,425 

639 


56 
103 
81 
61 
48 
87 
51 
37 
3 
1 


125 

546 

672 

435 

450 

1,401 

2,057 

2,699 

1,425 

639 


3,551 
14, 823 
17, 935 
17, 125 
22, 764 
28, 122 
316 
41 




3 676 


10-20 


15 369 


20-30 


18,607 
17 559 


30-40 


40-50 


23 214 


50-100 


29, 523 
2,373 
2,740 
1 425 


100-200 


200-400 


400-600 


600-800_ 


639 


800-1.000_. 




1,000-1,500 


















1,500-2,000 


















2,000-2,500 


1 


2,360 


5 


2.355 


1 


2,355 




2,355 


2,500-3,000 


3,000-3,500 


















3,500-4,000 


















4,000-4,500 


















4,500-5,000 


















5,000-6,000 


1 


5,845 


100 


5,745 


16 


5,732 


13 


5,745 


6,000-7,000.. 


7,000-8,000 


7,410 


1,516 


















8,000-9,000 


















9,000-10,000 






















10,000 and over 


86, 936 


26, 525 


1 


22, 842 


5 


22, 837 


1 


22, 837 




22, 837 


Total 


537,086 


68, 383 


6,742 


196,325 


50, 264 


146, 061 


545 


41, 370 


104, 691 


146, 061 



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

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

There is also included a synopsis of individual income and profits 
tax rates, estate and gift tax rates, credits, and exemptions under 
the Revenue Acts of 1913 to 1934 which affect the comparability 
of the data in the Statistics of Income. 

Statistics from the corporation income tax returns for 1934 are 
being prepared and will be issued under the title "Statistics of In- 
come for 1934, Part 2." 
Respectfully, 

Chas. T. Russell, 
Acting Commissioner of Internal Revenue. 

Approved November 17, 1936. 

H. MORGENTHAU, Jr., 

Secretary of the Treasury. 



BASIC TABLES 



INDIVIDUAL RETURNS 



57 



NOTICE: Substitute this page (59) for page 59 as printed in the 
volume "Statistics of Income for 1934, Part 1." 

STATISTICS OF INCOME 59 

Table 1. — Individual returns for 1934 by States and Territories, showing population 
and percent of population filing returns, number of returns, net income and tax; 
also average net income and average tax per return, and personal exemption and 
credit for dependents 

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



States and 
Territories 



Popula- 
tion 
Julyl, 

1934 
(Census 
Bureau 
esti- 
mate) 
(In thou- 
sands) 



Percent 
of pop- 
ulation 
filing 
returns 



Number 
of returns 



Net income 



Tax 



Average per 
return 



Net 
income 



Tax 



Alabama. 

Arizona 

Arkansas.- 

California 

Colorado... 

Connecticut 

Delaware 

Dist. 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 



2,803 

386 
1,975 
5,639 
1,058 
1,699 

253 

660 
1,586 
3,273 

382 

473 
7,786 
3,398 
2,524 
1,840 
2,808 
2,117 

837 
1,663 
4,326 
4,680 
2,617 
1,961 
3,866 

531 

1,364 

98 

496 
4,247 

402 
12, 839 
3,376 

697 
6,697 
2,490 

999 
9,994 

681 
1,967 

678 
2,856 
6,035 

514 

374 
2,602 
1,681 
1,801 
2,908 

231 



0.82 
2.95 

.67 
5.60 
2.95 
5.38 
4.20 
14.80 
2.05 
1.17 
2.95 
1.89 
3.99 
2.05 
1.90 
1.93 
1.26 
1.74 
2.46 
5.07 
5.61 
2.98 
2.57 

.64 
2.54 
3.17 
1.96 
5.43 
3.38 
4.96 
1.90 
6.29 

.96 
1.40 
3.13 
1.58 
2.73 
3.43 
4.59 

.76 
1.22 
1.33 
1.97 
2.23 
2.63 
1.84 
3.58 
1.68 
3.19 
3.11 



23, 072 

11,378 

13,318 

315, 766 

31, 232 
91, 352 

10, 620 
82, 871 

32, 550 
38, 137 

11, 252 
8,932 

310, 456 
69, 623 
47, 871 

35, 600 
35, 333 

36, 871 
20, 584 
84, 395 

242, 728 
139, 329 
67, 297 

12, 507 
98, 125 

16. 825 
26, 781 

5,321 

16, 785 

210, 683 

7,647 

807, 818 

32, 305 

9,733 

209, 589 

39, 279 

27, 253 

342, 308 

31, 235 

14. 937 
8,302 

37. 938 
118,930 

11,458 
9,824 
47, 814 
60, 151 
30, 297 

92. 826 
7,182 



29, 

38, 
968, 

94, 
288, 

55, 
234 
112, 
122, 

37, 

23, 

1, 006, 

198, 

119, 

91, 
107, 
106, 

63, 
282, 
737, 
418, 
196, 

32, 
306, 

46, 

77, 

15, 

48, 
686, 

20, 

2,811, 

112, 

22, 
631, 
120, 

71, 

1, 067, 

104, 

41, 

20, 
115, 
366, 

32, 

26, 
139, 
163, 

87, 
217, 

19, 



229, 199 
802, 969 
885, 586 
067, 116 
502,319 
693, 183 
073, 452 
925, 250 
102,614 
612, 284 
515,719 
636, 891 
927, 934 
442, 985 
454, 155 
867, 863 
389, 715 
168, 279 
204, 584 
624, 171 
044, 841 
569, 373 
345, 236 
678, 332 
041, 392 
694, 430 
236, 225 
236, 981 
267, 423 
065, 373 
107, 880 
720, 784 
913, 710 
351, 926 
348, 370 
030, 049 
076, 619 
788, 870 
193, 731 
023, 968 
105, 511 
788, 720 
713, 839 
016, 329 
565, 697 
932, 355 
639, 087 
992, 253 
350, 901 
035, 620 



$1, 407, 104 
391, 723 
677, 515 

33, 380, 393 
3, 281, 526 

12, 325, 678 
9, 312, 466 
5, 653, 864 
5, 597, 287 
3, 104, 301 
1, 663, 069 
281, 770 

40, 398, 845 
6, 881, 939 
2, 006, 786 
1, 499, 250 
2, 726, 762 
2, 296, 812 

2, 207, 930 
11,040,490 
24, 624, 216 
14, 866, 008 

5, 257, 595 
479, 717 

9, 353, 661 

636, 102 

1, 438, 974 

628, 009 

1, 348, 492 

29, 121, 247 

277, 567 

166, 789, 731 

6, 281. 451 
183, 955 

19,761,006 

3, 416, 992 
1, 084, 638 

44, 423, 725 

5, 232, 124 

735, 471 

226, 380 

3, 596, 105 

11,312,971 

468, 653 

435, 666 

3, 666, 810 

2, 551, 738 

1, 674, 942 

5, 009, 731 

683, 601 



$3, 000. 57 

2, 619. 36 
2, 919. 78 
3, 065. 77 
3, 025. 82 
3, 160. 23 
6, 186. 82 
2, 834. 83 

3, 444. 01 
3,216.06 
3, 334. 14 
2, 646. 32 
3, 243. 38 
2, 850. 26 

2. 495. 33 

2, 580. 56 
3, 039. 36 
2, 879. 45 

3, 070. 67 
3, 348. 83 
3, 036. 51 
3, 004. 18 
2, 917. 59 
2, 604. 81 
3,118.89 
2, 769. 36 
2, 883. 99 
2, 863. 56 
2, 876. 63 
3, 256. 39 
2, 629. 51 
3, 480. 64 

3. 496. 24 
2, 296. 61 
3,012.32 
3, 065. 83 

2, 60S. 03 
3,119.38 

3, 335. SO 
2. 746. 47 
2,421.77 
3, 052. 05 
3, 083. 44 
2, 794. 23 
2, 704. 16 
2, 926. 60 
2, 554. 22 
2, 904. 32 
2,341.49 
2, 650. 46 



$60. 99 
34.43 
50.87 

105. 71 

105. 07 
134. 93 
876. 88 

68.22 
171.96 
81.40 
138. 91 
31.56 
130. 13 
98.85 
41.90 
42.11 
77.17 
62.29 
107. 26 
130. 82 
101.45 

106. 70 
78.13 
38.36 
95.32 
37.81 
63.73 
99.23 
80.34 

138. 22 
36.30 
206. 47 
194. 44 
18.90 
94.28 
86.99 
39.80 
129. 78 
167. 51 
49.24 
27.15 
94.79 
95.12 
40.90 
44.35 
76.67 
42.42 
65.28 
63.97 
81.27 



127, 068 



3.22 



4, 094, 420 



12, 796, 802, 082 



611,399,778 



3, 125. 42 



124. 90 



■ Includes Alaska. 



U. S. SUPERINTENDENT OF DOCUMENTS 

JAN 6 1937 



60 



STATISTICS OF INCOME 



Table 2. — Individual returns for 1934 by net income classes, showing number of 
returns, net income and tax, average tax per return, average rate of tax, personal 
exemption and credit for dependents, and earned income credit 



[For text detoing certain items and describing methods of tabulating and estimating data, 


see pp. 1-5] 




Number of 
returns 


Net income 


Tax 


(Thousands of dollars) 


Total 


Normal 


Surtax 


Average tax 
per return 


Under 1 (est.)' 


310,401 

10, 059 

623, 136 

381, 773 

303, 331 

299, 855 

321, 008 

124,117 

433, 907 

101,650 

196, 161 

134, .541 

71,049 

131,608 

22, 756 

111.164 

10, 025 

85, 232 

6, 726 

107, 136 

72. 405 

47, .342 

32. 017 

24, 598 
18, 650 
14, 733 
11,884 

9,768 
8,333 

25, 968 
13. 556 

7,971 

8,534 

4,426 

2.480 

1, 527 

934 

689 

403 

982 

364 

204 

122 

77 

39 

57 

29 

21 

4 

6 

1 


,$205, 654, 156 
5, 458, 724 
741, 849, 443 
494, 749, 722 
525, 976, 203 
515, 150, 299 
729, 406, 134 

275, 120, 717 
1, ISO, 725, 085 

282, 599, 534 
628, 055, 733 
438, 144, 975 
262, 004, 628 
493, 034, 206 

95, 722, 680 
471, 236, 035 

47, 346, 030 
403, 803, 454 

36, 503, 699 
585,115,977 
468, 140, 846 
353. 497, 664 

276, 395, 908 
233. 237, 289 
195, 364, 429 
169, 121, 543 
148, 327. 048 
131,717,320 
120, 728, 528 
446, 546, 040 
301, 786, 841 
217, 590, 074 
293, 351, 850 
197, 588, 193 
135, 138, 528 

98, 806, 341 
69, 828, 785 
58, 420, 947 
43, 781, 504 
117,743,929 
62, 342, 605 
45, 187, 638 

33, 429, 636 
26, 425, 109 
17,407,233 

34, 345, 367 
25,118,879 
24, 353, 317 

(2) 
15, 385, 365 
(2) 










Under 1 (est ) 


.$111,075 


$111,075 




$11.04 


1-1 5 (est )• 






1-1 5 (est ) 


2, 609, 257 


2, 609, 257 




6.83 


15 2 (est )' 






1 5-2 (est ) 


6, 049, 872 


6, 049, 872 




20.18 


2 2 5 (est )' 






2-2 5 (est.) - - 


4,341,047 


4, 341, 047 




34.98 


2 5-3 (est )' 






2 5-3 (est ) 


3, 225, 739 


3, 225, 739 




31.73 


3-3 5 (est )' - - 






3-3 5 (est ) 


3, 692, 209 


3, 692, 209 




27.44 


3 5-4 (est )' 






3 5-4 (est.) - 


4, 577, 988 


4, 577, 988 




34.79 


4-4 5 (est )' 






4-4.5 (est.)- 


5, 032, 038 


5.018.871 


$13, 167 


45.27 


4 5-5 (est )' 




4 5-5 (est.) - -- 


5, 046, 378 


5, 015, 291 


31, 087 


59.21 


5-6 ' 




5-6 


9, 539, 352 
8, 605, 543 

7, 947, 122 
8,045,990 

8, 948, 123 
7, 255, 493 
6, 959, 421 
6,654,511 
6, 347, 649 
6. 207, 137 

27, 066, 834 
23, 468, 704 
20, 986, 275 
34, 920, 228 
29, 000, 197 
23, 286, 231 
19, 526, 559 
15, 656, 449 
14, 489, 260 
11,833,499 
38, 165, 893 
24, 103, 588 
19, 047, 973 
14, 843, 071 

12, 331, 0.34 
8, 522, 792 

17, 429, 535 
13,314,968 

13, 213, 661 
■ 0) 

8, 642, 034 
(2) 


8, 322, 388 
7, 354, 430 
6. 121, 608 
5, 105, 342 

5, 014, 182 
3. 888, 990 
3, 412, 875 
3, 034, 370 
2, 709, 177 
2, 504, 222 

9, 437, 484 

6, 364, 643 
4,511,093 
5,809,391 
3, 803, 977 
2, 467, 549 
1, 716, 619 
1, 276, 557 

975, 230 
689, 983 
1, 647, 248 
758, 592 
537, 770 
284, 940 
236, 740 
163, 921 
169, 603 
142, 844 

70, 568 
(2) 

26,264 


1, 218, 964 
1,251,113 

1, 825, 514 

2, 940, 648 

3, 933, 941 
3, 366, 503 
3, 546, 546 
3, 620, 141 
3, 6.38, 472 
3, 702, 915 

17, 629, 350 
17, 104, 061 

16, 47.5, 1S2 
29,110,837 
25, 196, 220 
20,818,682 

17, 809, 940 
14, 379, 892 
1.3, 514, 030 
11,143,516 
36, 518, 645 
23, 344, 996 

18, 510, 203 
14, 558, 131 
12. 094, 294 

8. .358, 871 
17, 259, 932 
13, 172, 124 
13, 143, 093 

8,615,770 
(2) 


89.04 


6-7 . 


118.85 


7-8 


167. 87 


8-9 . -. 


246. 68 


9-10 


363. 77 


10-11 


389. 03 


11-12 


472. 37 


12-13 


559. 96 


13-14. 


649. 84 


14-15 


*44. 89 


15-20 


1,042.31 


20-25 - 


1, 731. 24 


25-30 . . - - - 


2, 632. 83 


30-40 


4, 091. 89 


40-50 


0, 552. 24 


50-60 


9, 389. 61 


60-70 


12, 787. 53 


70-80 


16, 762. 79 


80-90 


21.029.40 


90-100 


25, 558. 31 


100-150 


38, 865. 47 


150-200 


66, 218. 65 


200-250 - . 


93, 372. 42 


250-300 


121, 664. 52 


300-400 


160, 143. 30 


400-500 


218, 533. 13 


500-750_ 

750-1,000 


305, 781. 32 
459, 136. 83 


1,000-1,500-.-. 


629. 221. 95 


1,500-2,000 


(2) 


2,030-3,000 


1, 440, 339. 00 


3,000-4,000--- 


(2) 


4,000-5,000.-- 








1 


18, 035, 892 


(2) 
10,355,049 




(2) 
10, 294, 427 


(2) 


Classes grouped ^ 


60, 622 


1, 725, 841. 50 








Total- 


4, 094, 420 


12, 796, 802, 082 


511,399,778 


12,3, 2S0, 571 


388, 139, 207 


124. 90 






Nontaxable returns ■ 


2, 298, 500 
1, 795, 920 


4, 453, 243, 791 
8, 343, 558, 291 










Taxable returns- - . 


511,399,778 


123, 260, 571 


388, 139, 207 


284.76 



For footnotes see p. 61. 



STATISTICS OF INCOME 



61 



Table 2. — Individxial returns for 1934 bjj net incorne classes, showing number of 
returns, net income and tax, average tax -per return, average rate of tax, personal ex- 
emption and credit for dependents, and earned income credit — Continued 

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



Net income classes 
(Thousands of dollars) 



Tax— 
Contd. 



Average 

rate of 

tax on net 

income 

(percent) 



Personal exemption and credit for dependents 



Total 



Personal 
exemption 



Credit for 
dependents 



Under 1 (est. )>---- 

Under 1 (est.) 

1-1.5 (est.)i 

1-1.5 (est.) 

1.5-2 (est.)i 

1.5-2 (est.) 

2-2,5 (est.)' 

2-2.5 (est.) 

2.5-3 (est.)' 

2.5-3 (est.) 

3-3.5 (est.)' 

3-3.5 (est.) 

3.5-4 (est.)' 

3.5-4 (est.) 

4-4.5 (est.)' 

4-4.5 (est.) 

4.5-5 (est.)' 

4.5-5 (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 



Nontaxable returns '. 
Taxable returns 



2.03 
""."53' 



1.17 

"i."S8' 



1.07 



1.25 



1.63 
1.84 
2.25 
2.91 
3.84 
3.71 
4.12 
4.49 
4.82 
5.14 
6.00 
7.78 
9.64 
11.90 
14.68 
17. 23 
19.76 
22.42 
24.80 
27.03 
32.41 
38.66 
42. 15 
44.40 
46.66 
48.96 
50.75 
53.01 
54.26 

56.17 
(2) 



$527, 199, 695 

1, 049, 645 

1, 181, 064, 947 

375, 971, 835 

797, 094, 302 

305, 587, 945 

888, 267, 035 

131,150,856 

1, 293, 680. 994 

165,255,613 

638, 929, 320 

292, 154. 534 

243, 896, 284 

320, 899, 648 

77, 784, 649 

287, 925, 259 

31,418,3.58 

225, 624, 3.50 

21, 180, 897 

28.3, 457, 417 

191,3.38,059 

124, 339, 592 

84, 212, 197 

6.3. 488, 541 

47, 444, 571 

37, 133, 429 

29, 504, 998 

24. 265, 791 

20, 724, 359 

63, 787, 589 

32, 570, 291 

18, 789, 273 

19, 928, 990 
10, 301, 187 

5,717.148 

3, 570, 282 

2, 106, 296 

1,571,874 

1,080,377 

2, 184, 215 

791,016 

432, 100 

257, 176 

16.5, 575 

78, 050 

114, 7.«3 

58,317 

48, 075 

(2) 

15, 183 



$480, 167, 363 

951, 158 

1, 024, 370, 898 

375,461,511 

686, 024. 043 

297, 862, 397 

779, 480, 318 

124, 619, 502 

1, 070, 976, 081 

160, 925, 210 

481, 718, 137 

278, 726, 401 

171, 192, 173 

289, 109, 423 

52, 683, 665 
248, 053, 197 

21, 841, 798 
189, 228, 768 

16, 043, 771 
233, 226, 828 
157, 125, 105 
101, 430, 521 

68, 877, 363 

51, 765, 301 
38, 964, 307 
30, .562, 713 
24, 278, 266 
20, 005, 486 
17,025,697 

52, 652, 403 
27, 038, 432 

15, 662. 788 

16, 627, 754 
8, 648, 360 
4, 797, 954 
3, 007, 782 
1, 786, 376 
1, .3.38. 408 

922, 659 
1, 853. 081 
685, 917 
374, 333 
232, 125 
150, 708 

71, 250 
105, 750 

53, 250 

42, 875 
(?) 

12, 250 



$47, 032, 332 

98, 487 

156, 694, 049 

510, 324 

111,070,259 

7, 725, 548 
108,786,717 

6, 531, 354 
222, 704, 913 

4, 3.30, 403 
157,211,183 

13, 428, 133 
72,704,111 
31, 790, 225 
25, 100, 984 
39, 872, 062 
9, 576, 560 
36, 395, 582 

5, 137, 126 
50, 230, 589 
34, 212, 954 
22, 909, 071 
15, 3.34, 834 
11,723,240 

8, 480, 264 

6, 570, 716 
5, 226, 732 

4. 260, 305 
3, 698, 662 

11,1.3.5,186 

5, 531, 859 
3, 126, 485 
3, 301, 2.36 
1, 652, 827 

919, 194 

562. 500 

319, 920 

233, 466 

157,718 

331, 134 

105, 099 

57, 767 

25, 051 

14, 867 

6,800 

9,033 

5, 067 

5,200 

(0 

2,933 



(=) 
57.41 



(2) 



8,050 



(?) 



7,250 



800 



8. 87,% 620, 967 



7, 628, 769, 106 



1, 246, 851, 861 



6.13 



5, 700, 516, 481 
3, 175, 104, 486 



4, 784, 498, 247 
2, 844, 270, 859 



916,018,234 
330, 833, 627 



1 Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible 
number of nontaxable returns in net income classes of $6,000 and over is not tabulated separately. 

2 Classes grouped to conceal identity of taxpayer. 



88019—36- 



6i 



STATISTICS OF INCOME 



Table 3. — Individual returns for 1934 by net income classes, showtJig simple and 

cumulative distribution of number of retur7is, net income and tax, and percentages 

[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] 





Returns 


Net income classes 


Simple distribution 


Cumulative distribu- 
tion from highest 
income class 


Cumulative distribu- 
tion from lowest 
income class 




Number 


Percent 
of total 


Number 


Percent 
of total 


Number 


Percent 
of total 




320, 460 
1, 608, 095 
980, 682 
533, 359 
229, 177 
1 13. 862 
72.405 
47.342 
32,617 

24, 598 
18,650 
14,733 
11,884 

9, 768 
8,333 

25. 968 
13, 5.56 

7,971 

8,534 

4,426 

2, 480 

1, 527 

OM 

689 

463 

982 

364 

204 

122 

77 

39 

57 

29 

21 

4 

6 

1 


7.83 

39.27 

23.95 

13. 03 
5.60 
2.78 
1.77 
1.16 
.80 
.60 
.46 
.36 
.29 
.24 
.20 
.63 
.33 
.19 
.21 
.11 
.06 
.06 
.02 
.02 
.01 
.02 

(') 

(') 

(') 

(') 

(') 

(') 

(') 

(') 

(') 

(') 

(') 


4, 094, 420 

3, 773, 900 

2, 16.5, 865 

1, 185, 183 

651,824 

422, 647 

308, 785 

230, 380 

189, 038 

156,421 

131,823 

113,173 

98, 440 

86, 556 

76, 788 

68, 455 

42, 487 

28,931 

20, 960 

12, 426 

8,000 

5,520 

3,993 

3, 059 

2,370 

1,907 

925 

.561 

357 

235 

1,58 

119 

62 

33 

12 

8 

2 


100.00 
92.17 
52. 90 
28.95 
15.92 
10.32 
7.54 
5.77 
4.61 
3.81 
3.21 
2.75 
2.39 
2.10 
1.86 
1.66 
1.03 
.70 
.51 
.30 
.19 
.13 
.10 
.07 
.06 
.05 
.02 
.01 
(') 
(') 
(') 
• (') 
(') 
(') 
0) 
(') 
(') 


320, 460 
1, 928, 555 
2, 909, 237 
3, 442, 596 
3, 671, 773 
3, 785, 635 
3, 858, 040 
3.905,3^2 

3, 937, 999 
3, 962, 597 
3,981,247 
3, 995. 980 

4, 007, 864 
4,017,632 
4, 025, 965 
4,051,933 
4, 065, 489 
4, 073, 460 
4,081,994 
4, 0S6, 420 
4, 088. 900 
4, 090, 427 
4,091,361 
4, 092, 050 
4, 092, 513 
4. 093 495 
4. 093, 859 
4, 094, 063 
4, 094, 185 
4. 094, 2'i2 
4. 094, 301 
4, 094, 358 
4, 094, 387 
4, 094. 408 
4.094,412 
4,094,418 
4,094,419 


7.83 


1-2 (est.) 


47.10 


2-3 Cest ) 


71.05 


3-4 (est ) 


84.08 


4-5 (est ) 


89.68 


5-6 - 


92. 46 


6-7 


94.23 


7-8 


95. 39 


8-9 - 


96. 19 


9-10 -- - 


96. 79 


10-11 


97.25 


11-12 


97.61 


12-13 -- -- 


97.90 


13-14 


98. 14 


14-15 


98.34 


15-20 


98.97 


20-25 


99.30 


25-30-. 


99.49 


30-40 


99.70 


40-50 - 


99.81 


50-60 --- 


99.87 


60-70 --- 


99.90 


70-80 --- 


99 93 


80-90 ... - 


99.94 


90-100 - - 


99.95 


100-150 


99.98 


150-200 . 


99 99 


200-2,50 . .. 


99.99 




99.99 


300-400-. 


99.99 




99.99 


500-750 ... . 


99 99 




99.99 


1,000-1. .500 


99.99 


1 500-2 000 -- ... 


99 99 


2 000-3,000 ... 


99.99 


3,000-4,000 


99.99 


4 000-5 000 






1 


(') 


1 


0) 


4, 094, 420 


100 00 






Total 


4, 094, 420 


100. 00 





















Net income classes 



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 

For footnotes see p. 63, 



Net income 



Simple distribution 



211, 113 
2, 277. 726 
2, 467, 851 
1,821.2-10 
1.018, 108 
621,620 
468, 141 
353, 498 
276, 396 
233, 237 
195, 364 
169,122 
148, 327 
131,717 
120, 729 
446, 546 
301, 787 
217, 590 
293, 352 
197, 588 



Percent 
of total 



1.65 
17.80 
19.28 
14.23 
7.95 
4.86 
3.66 
2.76 
2 16 
1.82 
1.53 
1.32 
1.16 
1.03 
.94 
3.49 
2.36 
1.70 
2. OO 
1.54 



Cumulative distribu- 
tion from highe.st 
income class 



12,796,802 
12, 585, 689 
10, 307, 964 
7,840,112 
6, 01«, 873 
5, 000. 764 
4, 379, 145 
3 911.004 
3, 557, 506 
3,281, 110 
3, 047, 873 
2, «52, 509 
2, 6'^3, 3=7 
2, 535, OCO 
2, 403, 343 
2, 282, 614 
1, .836, 068 
1,534,281 
1,316,691 
1, 023, 339 



Percent 
of total 



100. 00 
98.35 
80. 55 
61.27 
47.04 
39.09 
34.23 
30.57 
27.81 
25.65 
23. 83 
22.30 
20, 9S 
19.82 
18.79 
17. 85 
14.36 
12.00 
10.30 
8.01 



Cumulative distribu- 
tion from lowest 
income class 



211,113 
2, 488, 839 
4. 9.56, 690 

6, 777, 930 

7, 796, 038 
8,417,657 

8, 885, 798 

9, 239, 296 
9,515,692 
9, 74S, 929 
9, 94 1, 294 

10,113,415 
10, 2T 1,742 
10, 393, 459 
10. 514, 188 
10, 960, 734 
11,262,521 
11,480,111 
11,773,463 
11,971,051 



Percent 
of total 



1.65 
19.45 
38.73 
52.96 
60.91 
65.77 
69.43 
72.19 
74.35 
76.17 
77.70 
79.02 
80. 18 
81.21 
82. 15 
85. 64 
88.00 
89.70 
91.99 
93.53 



STATISTICS OF INCOME 



as 



Table 3. — Individual returns for 1934 by net income classes, showing simple an^ 
cumulative distribution of number of returns, net income and tax, and per- 
centages — Continued 

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



Net income classes 



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 



Net income 



Simple distribution 



Amount 



135, 139 
98, 806 
69, 829 
58, 421 
43, 782 

117, 744 
62, 343 
45, 188 

33, 430 
26,425 
17, 407 

34, 345 
25,119 
24, 353 
(2) 

15, 385 



(2) 
18, 036 



12, 796, 802 



Percent 
of total 



1.06 
.77 
.55 
.46 
.34 
.92 
.49 
.35 
.26 
.21 
.14 
.27 
.20 
.19 



n 



Cumulative distribu- 
tion from highest 
income class 



Amount 



825, 751 
690, 613 
591, 806 
521,977 
463, 556 
419,775 
302,031 
239, 688 
194, 501 
161, 071 
134, 646 
117,239 

82, 893 

57, 775 

(') 

33,421 

(2) 



(2) 
18, 036 



Percent 
of total 



6.47 

5.41 

4.64 

4.09 

3.63 

3.29 

2.37 

1.88 

1.53 

1.27 

1.06 

.92 

.65 

.45 

.26 



(2) 



Cumulative distribu- 
tion from lowe,st 
income class 



Amount 



12, 106, 190 
12, 204, 990 
12, 274, 825 
12,333^246 
12,377,027 
12. 494, 771 
12.557,114 
12, 602, 301 
12,635,731 
12,662,156 
12, 679, 563 
12,713,909 
12, 739, 028 
12, 763, 381 

(-) 
12, 77S, 766 

(2) 



12,796.802 



Percent 
of total 



94.59 
95.36 
95.91 
96.37 
96.71 
97.63 
98.12 
98.47 
98.73 
98.94 
99.08 
99.35 
99.55 
99.74 

99.86 

C-) 



(2) 

100. 00 



Net income classes 



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 

30^0 

40-50 

50-60 

60-70 

70-80. 

80-90 

90-100 

100-150 

15C-200 

200-2,50 

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 



Tax 



Simple distribution 



Amount 



111 

8,659 

7,567 

8,270 

10, 078 

9,539 

8,606 

7,947 

8,046 

8,948 

7. 255 

6,959 

6,655 

6,348 

6,207 

27, 067 

23, 469 

20, 986 

34, 920 

29, 000 

23, 286 

19, 527 

15, 656 

14, 489 

11, 833 

38, 168 

24, 104 

19, 048 

14, 843 

12, 331 

8,523 

17, 430 

13,315 

13,214 

(2) 

8,642 
(2) 



10, 355 



Percent 
of total 



0.02 
1.69 
1,48 
1.62 
1.97 
1.87 
1.68 
1.55 
1.57 
1.75 
1.42 
1.36 
1.30 
1.24 
1.21 
5.29 
4.59 
4.10 
6.82 
5.67 
4.55 
3.82 
3.06 
2.83 
2.32 
7.47 
4.71 
3.73 
2.90 
2.41 
1.67 
3.41 
2.61 
2.59 

1.69 
(2) 



(2) 
2.03 



Cumulative distribu- 
tion from highest 
income class 



Amount 



511,400 
511,289 
502, 630 
495, 063 
486, 793 
476,714 
467, 175 
458, 569 
450, 622 
442, 576 
433, 628 
426, 373 
419,413 
412, 759 
406,411 
400, 204 
373, 137 
349, 668 
328, 682 
293, 762 
264, 762 
241,475 
221,949 
206, 292 
191,803 
179, 970 
141,804 
117,700 
98, 652 
83, 809 
71,478 
62, 955 
45, 526 
32,211 

18, 997 



10, 35' 



Percent 
of total 



100. 00 
99.98 
98.29 
96.81 
95.19 
93.22 
91.35 
89.67 
88.12 
86.55 
84.80 
83.38 
82.02 
80.72 
79.48 
78.27 
72.98 
68.39 
64.29 
57.47 
51.80 
47.25 
43.43 
40.37 
37.54 
35.22 
27.75 
23.04 
19.31 
16.41 
14.00 
12.33 
8.92 
6.31 
(2) 
3.72 
(2) 



(2) 
2.03 



Cumulative distribu- 
tion from lowest 
income class 



Amount 



111 

8,770 

16,337 

24, 607 

34, 686 

44, 225 

52, 830 

60, 778 

68, 824 

77, 772 

85, 027 

91, 987 

98, 641 

104, 989 

111, 196 

138, 263 

161,731 

182, 718 

217,638 

246, 638 

269, 924 

2S9, 451 

305, 107 

319,597 

331, 430 

369, 596 

393, 700 

412,747 

427,591 

439, 922 

448, 445 

465, 874 

479, 189 

492, 403 

(2) 

501,045 
(2) 



Percent 
of total 



0.02: 
1. 71- 
3.19' 
4.81 
6.78- 
8.65. 
10. 33 
11.88 
13. 45 
15.20 
16. 62- 
17.98 
19.28 
20. 52 • 
21.73 
27. 02.- 
31.61: 
35.71 
42. 53; 
48. 20' 
52. 75' 
56.5" 
59. 63" 
62.46 
64.78 
72.25 
76.96 
80.69 
83.59 
86.00 
87.67 
91.08 
93.69 
96. 28 
(2) 
97.97 



511.400 



(2) 

100. 00 



' Less than one-hundredth of 1 percent. 2 Classes grouped to conceal identity of taxpayer. 



64 



STATISTICS OF INCOME 



Table 4. — Individual returns for 1934 by States 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 tabulating and estimating data, see pp. 1-5] 



States and Territories 


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


Alabama - 


13, 936 

6,517 

8,266 

146, 299 

16, 966 

41,613 

5,565 

30, 499 

19, 299 
22, 248 

6,311 

4,500 

150, 963 

36, 048 

24,885 

20, 914 
17, 907 
19,114 
10, 364 
42, 623 

103, 421 
73, 745 
34, 147 

7,911 
49, 364 

8,584 
14,967 

2,416 

7.915 
106. 042 

4,552 

397, 804 

20. 023 

6,057 

106. 757 

25, 029 

12,315 

163,677 

13, 246 

8,618 

4.733 
21,365 
64 572 

7,442 

4,041 
25, 192 
27, 352 
16, 381 
48, 448 

3,993 


50, 897 
18, 583 
28, 329 

459, 553 
61, 120 

167,511 
34, 192 

123, 358 
77, 178 
88, 096 
24, 381 

13, 885 
647, 554 
133, 494 

79, 444 

65, 485 

69, 983 

56, 323 

39, 360 

173, 610 

413, 097 

280, 724 

130, 932 

24, 076 

200, 559 

31, 121 

54,938 

7,487 

29, 317 

434, 445 

12, 526 

1, 735, 727 

82, 277 

16, 352 

416,215 

89, 746 

45, 569 

655, 574 

58,531 

29, 027 

14, 185 
79, 262 

184, 843 
24, 488 

15, 297 
92, 578 
79, 668 
59. a"18 

142, 008 
13,371 


1,144 

441 

892 

19, 873 

2,056 

7, 504 

564 

3,310 

2,034 

2,584 

873 

624 

26, 586 

5,172 

2,6S5 

2,274 

2, 603 
1,255 
1,179 
5,504 

17, 454 

10, 996 

4,514 

440 

8,314 

1,393 

1, 736 

331 

9S0 

20, 380 

189 

48,219 

1, 536 
407 

15,692 

3,334 

2, 545 

26, 453 

3.309 

1,0-11 

438 

2,404 

3,589 

656 

946 

3, 896 
4,733 

2, 2.-0 
6,032 

461 


2,824 
1,006 
2,182 

45, 987 
4,977 

16, 271 
2,351 
9,863 
5,306 
0, 462 
1,930 
1,224 

62, 360 

10, 813 
5,926 
4, 687 
6,006 
3,147 
2,688 

14, 246 

42, 035 

23, 587 

10, 303 
1,027 

18. 229 
2,766 
3,685 
783 
2,068 

45, 683 

532 

132,103 

4,340 

833 

34, 220 
7,293 
4.595 

61,385 
7,113 
2,306 
964 
6,049 
8,207 
1,444 
2,048 
8,860 
8,998 
4,776 

13, 067 
937 


688 

255 

488 

12, 716 

1,088 

4,436 

455 

4,562 

1,087 

1,945 

330 

256 

16, 890 

2, 412 

1,617 

980 

1,871 

1,189 

710 

3,534 

11,368 

3,829 

1, 772 

732 

4,987 

632 

990 

77 

672 

11,701 

138 

34,824 

897 

228 

8,638 

2, 056 

1,532 

11,832 

1,584 

569 

167 

1,623 

4.172 

299 

648 

1,910 

2,037 

856 

2,748 

146 


1,506 
607 

1,141 
28, 995 

2,616 
10, 246 

1,615 

9,804 

2, 604 
4,218 
1,069 

487 

32, 846 
4, 4.52 
2,860 
1,858 
3,682 
2,391 
1,549 
8,176 

23, 362 
8,672 
3,975 
1,455 
9, 561 
1,101 
1,789 
340 
1,514 

26, 945 
305 

86,973 

2, 855 

368 

18, 105 
3,640 
2. 424 

30. 563 

3, 655 
1,215 

319 
3,217 
9,289 

529 
1,119 
3,990 
3, 809 
1,851 
5,123 

274 


5,032 
2,537 
2,326 

70, 672 
6,717 

21,673 
2,181 

18, 430 
5,847 
6,489 
2,224 
2, 230 

70,811 

16, 959 

11,354 
7,305 
7,374 
7, 752 
4,184 

18,303 

51,669 

33, 654 

16, 834 
1 367 

21,046 
4,448 
5, 251 
1,892 
3,705 

39, 260 

1,432 

174, 394 

5,390 

2,044 

48, 657 
4,8^6 
6. 991 

83.611 
5. 465 
2, 727 
2.033 
7,812 

13, 767 
1,970 
2,104 
9,407 

16, 128 
7, 662 

21, 903 
2,042 


9,195 




4,297 




4,314 




148,415 


Colorado 


13, 878 
41,887 




6, 894 


District of Columbia.. 


39, 956 
13, 650 


Georgia 


12, 342 
4,614 




3,551 




151, 644 




29, 964 




18, 192 




12, 168 


Keiitucky 


14.993 




13. 743 




8,968 


Maryland 

Massachusetts 


44, 606 
110, 250 
65, 431 




29, 857 




2, 428 




41,919 




8,131 


Nebraska 


10,061 




3,443 


New Hampshire 

New Jersey - 


7,009 

85, 704 

2, 004 




392, 112 


North Carolina 

North Dakota 

Ohio 


11, 121 
3,332 

91, 185 




10, 420 




11,511 


Pennsylvania 


162,818 


Rhode Island 


11,903 


■South Carolina 

South Dakota 

Tennessee 


4,832 
3,159 
16, 322 


'Texas . 


30, 462 


Utah -- 


3, 283 




3,690 


Virginia -- - 


17, 658 




27, 506 




14, 597 


Wisconsin 


33, 145 


Wyoming - .. 


3,371 






Total 


2, 034, 946 


7, 865, 596 


283, 875 


670, 492 


171, 173 


381, 062 


889,951 


1,816,535 







» Includes Alaska. 



STATISTICS OF INCOME 



65 



Table 4. — Individual returns for 1934 by States and Territories, shoioing 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 
separate returns 
from husbands 


Community 
property 
income ' 


Grand total 


Num- 
ber of 
returns 


Net 
income 


Num- 
ber of 
returns 


Net 
income 


Num- 
ber of 
returns 


Net 
income 


Num- 
ber of 
returns 


Net 
income 


Alabama 


1,928 
1,034 
1, 126 

46, 663 
3,774 

13, 603 
1,502 

24,616 

3,420 

4, 111 

1,229 

807 

39, 514 
8,093 
6, 671 
3,645 
4,834 
4,537 
3, 670 

12, 670 

51,735 

15, 327 
8, 954 
1,834 

12, 705 

1, 584 

3,444 

319 

3,134 

28, 878 

874 

133, 924 

3,778 

914 

26, 084 

3, 262 
3,472 

50, 159 

6, 955 

1, 690 

850 

4. 151 
21, 013 

933 
1,905 
6, 743 
0,445 
2,682 
11,568 

451 


3,326 

1, 732 

2,005 

101,209 

8,836 

35, 742 

5,511 

45, 833 

7,867 

7,675 

3,878 

1,337 

80, 912 

14, 240 

10. 673 

5,862 

9.511 

7,936 

8,261 

32, 498 

113,552 

28, 517 

15,318 

2, 875 
25. 970 

2.833 

5,583 

694 

6,482 

65, 357 

1, 444 

324, 728 

7,118 

1,244 

50, 965 

5.962 

5, 627 

113,087 

17, 643 
2,775 
1,271 
7. 966 

39, 569 

1,591 

3,712 

13,059 

10, 936 

5, 486 

18, 348 
759 


344 
283 
220 

7,701 
631 

2,523 
353 

1,454 
863 
760 
285 
249 

5,692 
939 
659 
482 
744 

1,186 
477 

1,761 

7,081 

1,778 

1,076 
223 

1,709 
184 
393 
99 
379 

4,422 

208 

18, 653 

681 

83 

3,761 
712 
398 

6,576 

676 

252 

81 

583 

4, 666 
158 
180 
666 

1,515 
456 

2,127 
89 


1,481 

865 

915 
32, 107 
3,075 
17, 035 
4,511 
6,112 
5,499 
3,820 
1,643 

775 

31,610 

5,480 

2,359 

1,806 

3,216 

3,608 

2,378 

9.487 

34, 749 

1 1, 638 

5, 981 

717 
9,804 

641 
1,180 

373 

1,878 

27, 930 

648 

140, 077 

5,203 

223 

20, 659 

2,969 

1,350 

44, 363 

,5, 349 

869 

208 
2.973 
13, 462 

681 

699 
3,787 
4, 605 
1, 965 
5, 660 

324 






23, 072 
11,378 
13,318 
315,766 
31,232 
91,352 
10, 620 
82,871 
32, 550 
38, 137 

11, 252 
8,932 

310,456 
69,623 
47,871 
35, 600 
35, 333 
36,871 
20, 584 
84, 395 
242,728 
139, 329 
67, 297 

12, 507 
98, 125 
16, 825 

26, 781 
5,321 

16, 785 
210, 683 
7,647 
807, 818 
32, 305 
9,733 
209, 589 
39, 279 

27, 253 
342, 308 

31,235 
14,937 

8,302 

37, 938 

118,930 

11,458 

9,824 
47, 814 
60, 151 
30, 297 
92, 826 

7,182 


69 229 


Arizona 

Arkansas -- - 


311 


2,713 


29, 803 
38, 886 


California 

Colorado..- 


11,842 


151,801 


968, 067 
94, 502 


Connecticut 






288, 693 


Delaware 






55 073 


District of Columbia. .. 






234, 925 


Florida... 






112, 103 


Georg:ia . 






122,612 


Hawaii 






37 516 


Idaho 

Illinois. 


266 


2,377 


23, 637 
1, 006, 928 


Indiana ..- 






198, 443 


Iowa 






119 454 


Kansas .. 






91, 868 


Kentucky 






107, 390 


Louisiana 

Maine 


1,838 


19, 019 


106, 168 
63,205 


Maryland 






282 624 


Massachusetts 






737 045 


Michigan 






418,569 


Minnesota. 






196, 345 








32, 578 


Missouri .. 






306, 041 


Montana 






46 594 


Nebraska .. ... 






77, 236 


Nevada 


187 


2,118 


15, 237 
48, 267 


New Jersey. . . 






686, 065 


New Mexico 

New York .. 


254 


2,048 


20, 108 
2,811,721 


North Carolina 






112,914 


North Dakota .. . ... 






22, 352 


Ohio 






631,348 


Oklahoma 






120, 030 


Oregon 






71,077 


Pennsylyania 






1,067,789 


Rhode Island 






104, 194 


South Carolina. . 






41,024 


South Dakota 






20, 106 


Tennessee 






1 15, 789 


Texas.. .. 


7, 151 


80, 882 


366, 714 


Utah 


32, 016 








26, 566 


Virginia 






139, 932 


Washington ' 


1,941 


18, 116 


153, 039 




87, 992 








217,351 


Wyoming 






19, 036 










Total 


603, 214 


1,295,313 


87,471 


488, 729 


23, 790 


279, 075 


4, 094, 420 


12, 796, 802 



' Includes Alaska. 

2 See footnote 2 on p. 7. 



66 



STATISTICS OF INCOME 



Table 5. — Individual rehirns for 1934 by '"^■i income classes, showing number of 
reiurns 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 p. 1-5] 



Net income classes 



Under 1 (est.)' 

Under 1 (est.) 

1-1.5 (ost.)i 

1-1.5 (est.) 

1.5-2 (est.)i 

1.5-2 (est.) 

2-2.5 (est.)i 

2-2.5 (est.) 

2.5-3 (est.)i 

2.5-3 (est.) 

3-3.5 (est.)> 

3-3.5 (est.) 

3.5-4 (est.)i 

3.5-4 (est.) 

4-4.5 (est.)i 

4-4.5 (est.) 

4.5-5 (est.)i 

4.5-5 (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 

2.5-30 

30-40 

40-50 

50-60 

60-70 _-__ 

70-80 

80-90 

90-100 

100-150 

159-200 

200-250 

250-300 

300-400... 

400-500 

500-750 

750-1,000 _._. 

1,000-1, .500. 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000 and over 

Classes grouped 2. 

Total 



Nontaxable returns '. 
Taxable returns 



Joint returns of hus- 
bands and wives, 
with or without de- 
pendent children, 
and the rteturns of 
husbands whose 
wives, though liv- 
ing with them, file 
separate returns 



Number 
of returns 



110,892 

1,582 

125,471 

7,734 

156, 571 

8,787 

251, 749 

8, 122 

396, 268 

44, 394 

179,556 

97, 110 

63, 658 

103,813 

18, 879 

90, 631 

7,468 

68, 981 

5,239 

80, 220 

53, 132 

33, 697 

22, 436 

16. 789 

12, 506 

9,724 

7,572 

6,282 

5,276 

16, 209 

8,069 

4,551 

4,855 

2,457 

1,329 

830 

500 

372 

257 

530 

170 

101 

63 

41 

14 

26 

19 

6 

2 

4 

1 



2, 034, 946 



1,315,751 
719. 195 



Net in- 
come 



64, 043 

955 

157, 733 

9, 982 

274, 529 

15,446 

575,419 

18, 292 

1,078,458 

126,542 

574, 876 

316,984 

234, 593 

389, 034 

79, 343 

384, 226 

35, 230 

326, 707 

28, 433 

437, 985 

343, 456 

251,483 

190, 059 

159, 178 

130, 995 

111,630 

94, 498 

84, 718 

76,411 

278,413 

179,451 

124,199 

166, 896 

109, 740 

72, 408 

.53,617 

.37, 346 

31, 538 

24,316 

63, 371 

29, 0(>4 

22,515 

17, 270 

14, 174 

6,239 

15,842 

16, 706 

7,015 

m 

9,892 



14, 348 



7, 865, 596 



3, 102, 656 
4, 762, 940 



Single men — 
heads of families 



Number 
of re- 
turns 



11,448 

19 

92, 190 

528 

70, 131 

1,384 

40, 253 

986 

22, 047 

2,074 

8,258 

4,272 

2,515 

4,996 

777 

3,838 

275 

2,944 

260 

3,811 

2,630 

1,798 

1,198 

892 

638 

545 

448 

328 

285 

879 

415 

225 

238 

129 

80 

44 

33 

14 

11 

24 

8 

3 

1 

2 



283, 875 



248, 154 
35, 721 



Net in- 
come 



7,848 

12 

116,252 

680 

121,578 

2,422 

89, 685 

2, 199 

59, 851 

5. 866 

26, 312 

14, 006 
9,243 

18, 756 

3,248 

16, 260 

1, 308 

13,942 

1,419 

20, 788 

16, 970 

13, 428 

10, 150 

8.445 

6,675 

6,261 

5,592 

4,423 

4,127 

15, 089 
9,252 
6,174 
8,130 
5,769 
4,369 
2,838 
2,423 
1,186 
1,040 
2,>-56 
1,354 

628 

m 



(-') 



1,643 
670, 492 



436, 743 
233, 749 



Single women — 
heads of families 



Number 
of re- 
turns 



9,484 

4 

80, 621 

403 

37, 651 

624 

15,160 

235 

7,316 

570 

3, 022 

1,251 

1, 237 

1,463 

698 

1, 115 

436 

1,159 

586 

1,385 

1,406 

. 961 

706 

533 

432 

338 

293 

205 

202 

612 

358 

195 

212 

114 

55 

34 

23 

19 

13 

15 

11 



3 

1 



171, 173 



156,211 
14, 962 



Net in- 
come 



6, 631 
3 

99, 710 
532 

64, 288 
1,082 

33, 570 
526 

19, 851 
1,596 
9, 656 
4,111 
4,581 
5, 519 
2,933 
4,721 
2, 063 
5, 508 
3,194 
7,574 
9,093 
7,177 
5,971 
5,058 
4,531 
3,877 
3,658 
2,762 
2,920 

10, 497 
8,000 
5,293 
7,302 
5, 101 
2, 998 
2, 216 
1,719 
1,610 
1,230 
1,785 
1,954 
1,250 
(2) 
(2) 



(2) 
4,862 



2,548 
381,062 



246, 477 
134, 585 



Single men— not 
heads of families 



Number 
of returns 



94, 973 

281 

174, 447 

222, 368 

19,548 

181,996 

4,961 

74, 183 

2, C62 

33, 955 

1,511 

18, 872 

846 

11, 633 

580 

7,991 

523 

5,947 

55 

7, 492 

4,940 

3,429 

2,537 

1,904 

1,580 

1,191 

1,077 

851 

725 

2,319 

1,289 

860 

917 

504 

271 

199 

109 

89 

51 

140 

62 

28 

14 

12 

11 
4 
5 
1 
1 



889, 951 



300, 106 
589, 845 



For footnotes see p. 67. 



STATISTICS OF INCOME 



67 



Table 5. — Individual returns for 1934 bij net. income classes, shnnnjig nu.mher of 
returns and net income by sex and family relationship — Continued 

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



Net income classes 


Sinple women— 

not heads of 

families 


Wives filing sep- 
arate returns 
from husbands 


Community 
property 
income ^ 


Grand total 


Number 
of re- 
turns 


Net in- 
come 


Number 
of re- 
turns 


Net in- 
come 


Num- 
ber of 
returns 


Net in- 
come 


Number 
of returns 


Net in- 
come 


Under 1 (est.)' 


74, 487 
323 

144, 604 

145, 668 
16, 062 

101, 629 

6, 485 

35, 822 

3,831 

16,471 

2,626 

9,121 

1,764 

6,088 

1,203 

4, 351 

935 

3,248 

124 

5,422 

3,858 

2,840 

2,186 

1,725 

1,357 

1,158 

998 

879 

731 

2,401 

1, 444 

886 

997 

518 

305 

166 

125 

83 

50 

119 

45 

27 

19 

11 

8 

11 

3 


55, 142 

180 

164, 079 

189,081 

27. 110 
173, 521 

14, 361 
79, 145 
10,448 
44,809 

8,488 

20, 441 

6,577 

22, 733 
5,103 

18,443 
4, 422 

15, 396 
659 

29, 645 
24, 999 
21,219 
18, 537 

16, 309 
14, 231 
13,304 
12,467 
11,840 
10, 609 
41,421 
32, 197 
24, 203 
34, 170 

23, 086 
16,605 
10, 701 

9,358 
7,016 
4,717 
14, 403 
7,558 
6,044 
5,225 
3,705 
3,611 
6, 565 
2,371 


9,117 

7,850 

5,8a3 

5.072 

3,368 

5, 43'5 

2,400 

4,769 

1, 783 , 

4,186 

1,188 

3, 915 

1,029 

3,615 

619 

3, 238 

388 

2,953 

376 

3,053 

2,564 

1,950 

1,621 

1,268 

1,037 

838 

750 

665 

576 

1,982 

1,138 

753 

836 

433 

253 

173 

94 

79 

56 

115 

56 

28 

14 

9 

10 

6 

2 

6 

1 

1 


4,651 
4, 1,.51 
7.074 
6,377 
5,798 
9,468 
5,386 

10,712 
4,876 

11,464 
3,844 

12, 7-20 
3,857 

13, 553 
2,640 

13, 745 
1,854 

14, 004 
2,048 
16, 733 
16, 599 

14, 619 
13, 763 
12,042 
10, 867 

9,609 

9,363 

8,971 

8,347 

34, 220 

25, 425 

20, 576 

28, 775 

19,317 

13, 823 

11,238 

7, 063 

6,717 

5,286 

13,851 

9,521 

6,206 

3,780 

3, 036 

4,501 

3,465 

(') 

6,682 
(.') 
(2) 






310, 401 

10,059 

623, 136 

381.773 

303,331 

299, 855 

321,008 

124,117 

433, 907 

101,650 

196, 161 

134,541 

71,049 

131,608 

22, 756 

111, 164 

10, 025 

8,5, 232 

6, 726 

107, 136 

72, 405 

47, 342 

32, 617 

24, 598 

18, 650 

14, 733 

11, 884 

9, 768 

8,333 

25, 968 

13,556 

7,971 

8,534 

4,426 

2,480 

1,527 

934 

089 

463 

982 

364 

204 

122 

77 

39 

57 

29 

21 

4 

6 

1 


205, 654 


Under 1 (est.) - - 






5,459 


1-1.5 (est.)' - - --- 






741, 849 


1-1.5 (est.) 






494, 750 


1 5-2 (est.)i 






525, 976 


1 5-2 (est.) 






515, 150 


2-2.5 (est.)' 






729, 406 


2-2.5 (est.) 






27,5, 121 


2 5-3 (est.)i 






1,180,725 


2 5-3 (est ) 






282, 600 


3-3 5 (est )' 






628, 056 


3-3 5 (est ) 






438, 145 


3 5-4 (est.)' 






262, 005 


3 5-4 (est.) 






493, 034 


4 4 5 (est )' 






95, 723 


4-4 5 (est ) 






471, 236 


4 5-5 (est )' 






47, 346 


4 5-5 (est.) 






403, 803 


5-6 ' 


86 

5,753 

3,875 

2,667 

1,933 

1,487 

1,100 

939 

746 

558 

538 

1,566 

843 

501 

479 

271 

187 

81 

50 

33 

25 

39 

12 

11 

8 

1 


459 

31, 455 

25, 087 

19, 928 

16, 393 

14, 093 

11, 507 

10, 757 

9,309 

7,524 

7,799 

26, 947 

18, 714 

13, 661 

16, 513 

12, 127 

10, 213 

5, 279 

3,770 

2,829 

2,372 

4,782 

2,104 

2, 356 

(2) 

(2) 


36, 504 


5-6 


585, 116 


6-7 - 


468, 141 


7-8 


353, 498 


8-9 


276, 396 


9-10 


233, 237 


10-11 


195, 364 


11-12 . . 


169, 122 


12-13 


148, 327 


13-14 


131,717 


14-15 


120, 729 


15-20 - . 


446, 546 


20-25 - 


301, 787 


2.5-30 . 


217, 590 


30-40 


293, 352 


40-50 


197, 588 


50-60 . 


135, 139 


60-70 . - - 


98, 806 


70-80 


69, 829 


80-90 


58, 421 


90-100 

100-150 

150-200 

200-250 

250-300 

300-400 

400-500 


43, 782 
117,744 
62, 343 
45, 188 
33, 430 
26. 425 
17, 407 


500-750 

750-1,000 


1 


m 


34, 345 

25, 119 


1 000-1 500 






24, 353 


1 ,500-2 000 










(2) 


2 000-3,000 










15,385 


3 000- 4 000 










(2) 


4 000 5 000 






























1 


(2) 










6,110 




3,096 


18, 036 














Total 


603, 214 


1,295,313 


87, 471 


488, 729 


23, 790 


279, 075 


4, 094, 420 


12, 796, 802 


Nontaxable returns ' 

Taxable returns 


252, 121 
351, 093 


296, 388 
998, 926 


26, 071 
61,400 


42, 028 
446, 701 


86 
23, 704 


459 
278, 615 


2, 298, 500 
1, 795, 920 


4, 453, 244 
8, 343, 558 







1 Nontaxable returns. Specific exeraptions from normal tax and surtax exceed net income. A negligible 
number of nontaxable returns in net income classes of $6,000 and over is not tabulated separately. 

2 Classes grouped to conceal identity of taxpayer. 

3 See footnote 2 on p. 7. 



68 



STATISTICS OF IISTCOME 



Table 6. — Individual returns for 1934 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] 









Sources of 


ncome 






States and Territories 


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


Business 
profit 


Partner- 
ship 
profit 1 


Net 
capital 
gain 2 


Rents 

and 

royalties 


Divi- 
dends on 
stock of 
domestic 
corpora- 
tions 




48. 620 
19, 216 
24, 465 

613, 848 

57, 895 

173, 683 

22, 928 
192, 857 

64, 408 
89, 151 
24, 029 

14, 390 
750, 274 
143, 668 

73, 250 

51,431 

72, 949 

72, 458 

33, 819 

1S6, 333 

464, 210 

315,499 

133, 554 

22,919 

222,117 

31, 345 

49, 988 
9,821 

26, 387 

507, 397 

11,214 

1,835,291 

77, 049 

15, 617 
462, 294 

83, 338 
49, 533 

681,511 
62, 552 
29, 381 
13, 354 
82, 184 

215,427 

23, 493 
16, 885 
96, 697 

101, 033 
62, 536 

156, 202 
11,944 


11, 699 
6,935 
9,049 

154, 153 

16, 602 

31,086 

4,080 

21,581 

20, 694 

18, 348 

3,668 

6,623 

114,716 

30, 604 

31, 185 
24, 894 

15, 349 

16, 654 
11,070 
31, 423 
91,021 
55, 250 
32, 075 

7,543 
36, 321 
11,216 

17, 968 
2,709 
8,357 

70, 402 

5,811 

29i, 648 

17, 397 

6,183 

82, 693 

20,831 

13, 985 

137,982 

10, 243 

7,710 

5,160 

17, 998 

73, 402 

5,581 

3,961 

19,810 

30, 984 

12, 771 
35,019 

4,408 


6,785 
1,732 
4,209 
51,831 
4,893 
6,920 
1,246 
5,388 

6, 084 
7,326 

820 
1,752 

47, 256 
9,940 
7,999 
6,986 
5,634 
7,248 
1,913 

11,871 

25, 817 

15,891 
9,958 
3,336 

12, 560 
1,815 
5,019 
1, 118 
1,746 

17,910 

1,602 

16S, 743 

6,061 

1,312 

22, 830 
8,612 
4,031 

47, 157 

2,754 

2,606 

880 

8,719 

34, 739 

1,498 

962 

5, 852 

7, 101 
3, 952 
7, 996 

903 


533 
350 
306 

14, 215 
2,156 
4,314 
1, 846 
1,899 
2,385 
1,425 

280 

329 

16, 698 

2,033 

1,146 

1,294 

1,516 

1,641 

1,156 

5, 083 

10,747 

7,437 

2,490 

248 

4,075 

273 

930 

205 

637 

8,163 

155 

66, 106 

1,444 

111 

8,473 

3, 363 

709 

15, 571 
1, 308 

429 

175 

1,151 

8,938 

264 

218 

1,746 

2,191 

799 

2,215 

156 


3, 945 
1,819 
3, 509 

61, 836 
4,012 
9,614 
1,090 
9,354 
6,368 
6,271 
1,613 
940 

37, 950 
7,905 
8,605 

10, 229 
5,5S8 
8,152 
2,251 

10, 502 

16, 620 
15, 633 

6,383 
2,524 
13, 630 
1,767 
4,431 
556 
1,816 

17, 208 
1,241 

58, 926 

6,533 

976 

24, 736 

12, 220 
2,936 

31, 805 
3,448 
2,197 
1,149 
5,751 

47, 431 
958 

6,550 
6,407 
4,644 
8,198 
839 


5,569 




1,986 




2,544 




13!, 231 




14, 527 




75, 846 




27, 441 


District of Columbia 


15, 652 


Florida - 


22, 174 




15, 929 




9,557 




1,065 




119,370 




25, 183 




10, 466 




6,799 


Kentucky 


16,803 
10, 407 




11,896 




41,364 


Massaciiuset ts- 

Michigan . - _ 


151, 660 
59, 026 




25, 1-17 




2, 113 




45, 682 




3, 021 


Nebraska -- 


5, 335 




1,640 




9.943 




101, 386 


New Mexico 

New York 


1,204 
511,696 




26,316 




827 


Ohio 


95, 607 


Oklahoma - - 


9,573 


Oregon - - -. . 


4,705 




186, 486 




24, 644 


South Carolina . -- 


4,020 


South Dakota 


1,381 


1 ennessee - _ . 


13, 700 


Texas.- -- -- -_- 


35, 894 


Utah . .... 


3,198 


Vermont 


3,958 




21, 632 


Washiuprton 5 . 


12, 186 


West Virginia 


12, 780 




23, 320 


AVyomins;. ... . _ ... 


1,782 








8, 600, 455 


1,716,842 


031,915 


211,319 


509, 844 


1,965,670 







For footnotes see p. 70. 



STATISTICS OF INCOME 



69 



Table 6. — Individual returns for 1934 bij States and Territories, showing sources 
of income and deductions, and net income — Continued 

[Thousands of dollars] 



States and Territories 



Alabama 

Arizona 

Arijansas 

California 

Colorado 

Connecticut 

Delaware 

District of Columbia. 

Florida 

Georgia 

Hawaii 

Idaho 

Illinois 

Indiana 

Iowa 

Kansas 

Kentuckj^ 

Louisiana 

Maine 

Maryland 

Massachusetts 

M iehigan 

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 288,730 



Sources of income — Continued 



Fidu- 
ciary 1 



010 
3?9 
588 
301 
338 
068 
869 
395 
669 
378 
067 
160 
881 
729 
257 
194 
971 
S53 
074 
078 
246 
966 
052 
332 
855 
279 
565 
242 
896 
8S3 
264 
121 
067 
165 
068 
304 
80S 
094 
387 
579 
113 
433 
053 
310 
458 
489 
404 
856 
949 
220 



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



98 

66 

146 

2,111 

502 

555 

78 
548 
478 
191 

40 

31 

2,945 

1,244 

253 

289 

556 

401 

211 

802 

1,447 

888 

030 

39 

1,580 

116 

169 

31 

100 

1,132 

24 

8,360 

224 

31 
4,194 
844 
144 
3,028 
316 
106 

20 

223 

1,094 

63 

63 
415 
340 
376 
438 

62 



38, 044 



Other 
taxable 
interest 



25, 
3, 

11 
9, 

4, 
t 

59 

5, 
8, 
5, 
5, 
6, 
9, 
21 

69: 

19 

14 

1 

19 

2, 
4, 

4, 
51 

1 
244, 

2 

1 
22, 

4, 

4, 
97 
11 

2, 

4, 

18, 

1 

2, 



Other 

income 



967 

652 
1,281 
15,052 
1,578 
3,794 
1, 160 
2, 357 
2, 106 
2, 064 

849 

535 
13, 855 
2,713 
2, 253 
2,815 
1,679 
2. 648 
1,954 
5,191 
7,900 
5,881 
2, 845 
1,115 
3,627 

875 
1,086 

304 
1,202 
9,261 

481 
03, 376 
2,636 

464 
6, 033 
3,021 
1,103 
16, 264 
1,578 

826 

419 

1,690 

11,321 

541 

511 
2,236 
2,611 
1, 299 
4,549 

350 



220,910 



Total 
income 



83, 232 
34, 825 
47, 959 
1, 129, 464 
111,411 
338, 904 
65, 394 
265, 771 
137,416 

146, 536 
43, 204 
26, 821 

1,177,392 

230, 850 

144,974 

111,187 

127.254 

127, 163 

75, 447 

324, 240 

858, 558 - 

4'J9, 913 

230, 726 

41,774 

363, 920 

52, 770 

90, 114 

17,228 

55, 581 

798, 824 

23, 093 

3, 336, 647 

141,489 

26, 756 

738, 075 

147, 628 
82, 737 

1, 259, 289 
121, 747 
50, 156 
23, 566 
137,448 
453, 109 
37, 602 
30, 372 
166,065 
173, 577 
101,969 
261, 123 
21, 603 



15,092,960 



For footnotes see p. 70. 



70 



STATISTICS OF INCOME 



Table 6. — Individual returns for 19S4 by States and Territories , showing sources 
oj income and deductions, and net income — Contiimed 

[Thousands of dollars] 





Deductions 




States and Territories 


Busi- 
ness 
loss 


Part- 
nership 
loss 1 


Net 
capital 
loss 2 


Interest 
paid « 


Taxes 
paid * 


Contri- 
butions 


All 
other 
deduc- 
tions 


Total de- 
ductions 


Net in- 
come 


Alabama 


373 

302 

246 

6,668 

679 

806 

523 

520 

768 

829 

247 

139 

4,302 

1,060 

710 

918 

616 

638 

387 

1,106 

2,196 

2,486 

977 

500 

1,409 

313 

401 

92 

256 

1,858 

174 

11,781 

642 

220 

2,232 

1,137 

384 

5,486 

613 

378 

143 

489 

4,403 

133 

112 

842 

790 

341 

982 

272 


121 

77 

80 

2,434 

247 

365 

60 

112 

306 

259 

47 

29 

2,013 

372 

245 

243 

219 

298 

69 

299 

948 

1,332 

313 

105 

375 

49 

319 

30 

63 

777 

52 

9,547 

141 

64 

1, 029 

512 

126 

2,545 

83 

23 

36 

206 

1,440 

55 

31 

201 

277 

139 

238 

45 


822 

380 

282 

15,614 

1,288 

5,632 

603 

1,837 

1,546 

1,243 

318 

210 

15, 840 

2,035 

1,499 

804 

1,404 

1,428 

1,263 

3.813 

13,817 

6, 143 

2,549 

264 

4,238 

334 

578 

157 

720 

8, 745 

159 

46, 619 

833 

186 

7, 863 

1,181 

1,023 

14, 595 

1,914 

421 

156 

1,039 

3,409 

350 

340 

1,324 

1,803 

662 

4,280 

133 


3,541 
1,030 
1,717 

37, 203 
3, 296 

14, 124 
3,836 
9,034 
5,163 
5,829 
2,171 
535 

34, 209 
6,115 
4,895 
3,212 
5,079 
4, 660 
2, 556 
9,474 

23, 430 

16, 088 
6,130 
1,374 

13, 870 
1,174 
2,903 
327 
1,561 

29, 030 

544 

111,853 

6,096 

595 

27, 160 
5,282 
2,325 

52, 452 

3,705 

1,854 

563 

5,418 

17,631 
1,094 
858 
6,934 
4,346 
3,666 

10, 722 
483 


2,966 
1,134 

1,558 

35, 359 

3,172 

12, 635 
1,910 
6,742 
5,400 
5,251 
1,471 

733 
35, 598 
8,679 
5,591 
5,023 
4,453 
4,618 
3,188 
9,240 
40, 521 
16, 716 
8,950 
2,134 

13, 273 
1,427 
2,791 

372 

2,231 

29, 996 

576 

133, 937 

5,367 

880 

22, 941 

5,442 

3,251 

40, 410 

4,700 

2, 192 

910 

4,296 

16, 696 

1, 129 

1,042 

6,185 

4,821 

2,964 

9, 285 

437 


1,454 

310 

950 
12,216 
1,595 
6,783 
1,469 
4.046 
2,303 
2,650 

495 

244 
19, 030 
4,005 
2,470 
1,826 
2,561 
1,718 
1,414 
5, 033 
15, 592 
7,600 
4,287 

936 
7,662 

470 

1,538 

81 

882 
14,313 

215 
70, 329 
4,174 

409 
13,915 
2,300 

835 

27, 406 

2,605 

1,343 

316 
2,705 
6,434 

599 

561 
4,147 
1,636 
1,580 
4,072 

196 


4,725 

1,790 

4,240 

51, 844 

6,633 

9,876 

1,911 

8,554 

9,826 

7,861 

939 

1,293 

59, 421 

10, 091 

10,111 

7,292 

5,533 

7,635 

3,365 

12, 650 

25, 009 

30, 980 

11,170 

3,832 

17,051 

2,408 

4,347 

932 

1,600 

27, 534 

1,265 

140, 304 

10,818 

2,050 

31,587 

11. 744 

3,717 

48, 605 

3,933 

2,915 

1,331 

7,506 

36, 332 

2,225 

862 

6,500 

6,264 

4,626 

14, 193 

996 


14,003 

5, 022 

9,074 

161,397 

16, 909 

50, 271 

10, 320 

30, 845 

25,313 

23, 523 

5,683 

3,184 

170, 464 

32, 407 

25, 520 

19,319 

19, 365 

20, 995 
12, 242 
41,615 

121,513 

81,314 

34, 381 

9, 196 

57, 879 

6,176 

12, 873 

1.991 

7,313 

112,758 

2,985 

524, 926 

28, 575 

4,404 

106. 727 

27, 593 

11,661 

191. .500 

17, 553 

9, 132 

3,460 

21, 660 
86, 395 

5, 586 
3,806 
26, 132 
19, 938 
13, 977 
43, 773 
2,567 


69, 229 
29, 803 


Arkansas 

California - 


38,836 
968, 067 


Colorado 

Connecticut 


94, 502 

288, 693 


Delaware 


55, 073 


District of Columbia... 
Florida . .. 


234. 925 
112,103 


Georgia 

Hawaii 

Idaho 


122, 612 
37, 516 
23,637 


Illinois 

Indiana 


1, 006, 928 
198, 443 


Iowa 

Kansas 

Kentucky 

Louisiana 

Maine . . .. 


119,454 
91, 868 
107, 390 
106, 168 
63, 205 


Maryland 

Massachusetts 


282, 624 
737. 045 


Michigan 

Minnesota _ _ 


418, 569 
196, 345 


Mississippi 


32, 578 
306, 041 


Montana . .. _. 


46, 594 


Nebraska 


77, 236 


Nevada. 


15, 237 


New Hampshire 

New Jersey 


48, 267 
636,065 


New Mexico 


20,108 


New York 


2, 811, 721 


North Carolina 

North Dakota 


112,914 
22, 352 


Ohio 


631, 348 


Oklahoma . . 


120, 030 


Oregon ... 


71,077 


Pennsylvania 


1, 067, 789 


Rhode Island .. 


104, 194 


South Carolina 


41,024 


South Dakota . . ._ 


20,106 


Tennessee 

Texas 

Utah . - 


115,789 

366. 714 

32.016 


Vermont . -.. 


26, 566 


Virginia.- 


139, 932 


^Vashington « 


153, 639 


West Virginia 


87, 992 


Wisconsin , 

Wyoming-. - 


217,351 
19, 036 






Total 


63, 885 


29, 004 


183, 762 


517,217 


541, 191 


272,822 


688,277 


2,296,158 


12,796,802 







1 For explanation of item, see p. 8. 

2 For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 8-9, 
and synopsis of laws, pp. 118-119. 

3 Interest received on 4 and 434 percent Liberty bonds and Treasury bonds, owned in excess of $5,000, 
and on obligations of certain instrumentalities of the United States, is subject to surtax if the surtax net 
income is over f4,000. (See items 9 and 25, form 1040, p. 126.) 

* Excludes amounts reported in schedule A as business deductions. 

* Includes Alaska. 



STATISTICS OF INCOME 



71 



Table 7. — Individual returns for 1934 &!/ net income classes, showing sources of 
income, deductions, and net income; also total number of returns and, for returns 
of net income of $5,000 and over, number of returns for each specific source of 
income and deduction 

[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. 1-6] 





Total 
number 
of re- 
turns 


Sources of income 


Net income classes 


Salaries, wages, 

commissions, 

fees, etc. 


Business profit 


Partnership 
profit 1 


Net capital 
gain 2 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 5 (est.) 

5-6 


3, 671, 773 
113,862 
72, 405 
47, 342 
32, 617 

24, 598 
18. 650 
14, 733 
11,884 

9,768 
8,333 

25, 968 
13, 556 

7,971 

8,534 

4,426 

2.480 

1,527 

934 

689 

463 

982 

364 

204 

122 

77 

39 

57 

29 

21 

4 

6 

1 


(») 

78, 342 

48, 425 

30, 859 

20, 745 

15, 595 

11,590 

9,171 

7,199 

5,851 

5,047 

15, 303 

7,920 

4,561 

4,879 

2,521 

1,471 

905 

553 

394 

268 

598 

207 

114 

69 

41 

12 

32 

14 

10 

4 

3 

1 


6, 300, 199 

410, 084 

292, 230 

210, 460 

156, 805 

129, 814 

103, 633 

87, 370 

73, 348 

63, 232 

56, 604 

194,421 

122, 607 

79, 520 

96, 573 

60, 195 

39, 372 

27, 665 

18, 500 

12, 499 

9,838 

26. 439 

10, 092 

7,731 

4,037 

3,164 

419 

1,454 

887 

857 

(«) 

259 
(«) 


(») 

22, 058 

14, 115 

8,923 

6,009 

4,307 

3,221 

2,365 

1,900 

1,537 

1,221 

3,742 

1,646 

948 

895 

417 

203 

123 

79 

fil 

33 

50 

14 

7 

6 

2 

1 

3 

3 


1, 148, 153 

104, 973 

77, 910 

56. 364 

42, 481 

32, 913 

27, 019 

21, 725 

19, 090 

16, 570 

13, 568 

48. 881 

26. 677 

18,404 

21, 183 

12, 055 

7,099 

5,239 

2,991 

.3,693 

1,729 

3,395 

1,325 

420 

552 

303 

124 

826 

1,180 


(«) 

10, 827 

7, 531 

5,430 

3, 725 

3,038 

2,336 

1,868 

1,577 

1,296 

1,168 

3,780 

1,995 

1,190 

1,301 

764 

399 

240 

153 

121 

75 

142 

46 

20 

18 

9 

3 

8 

5 

1 


193, 849 

43, 843 

35, 384 

28, 542 

22, 779 

20, 979 

17, 873 

J5,573 

14, 304 

12,630 

12, 076 

46, 252 

30, 801 

21, 900 

28, 888 

22, 181 

13,226 

9,008 

7, 951 

6,087 

4,337 

10, 902 

5,241 

2 807 

2,587 

836 

335 

691 

46 

5 


(«) 

10. 808 

8,204 

6,098 

4,603 

3,707 

3,064 

2,509 

2,162 

1,806 

1,660 

5,602 

3,166 

2,071 

2,375 

1,269 

736 

514 

280 

233 

152 

349 

131 

75 

43 

27 

14 

24 

10 

8 

3 

1 


51, 101 
10, 235 
8,941 
7,684 
6,972 


6-7 


7-8 


8-9 - 


9-10 


5,780 


10-11 . . 


5 272 


11-12 


5,062 
4,579 


12-13 


13-14 


3,940 


14-15 


3,676 


15-20 


15, 309 


20-25 --. 


11,074 


25-30 


9.075 


30-40 


12, 508 


40-50 


8,165 


50-60 


5, 591 


60-70 


.'), 149 


70-80 


3,003 


80-90 .- 


3,443 


90-100 


1,881 


100-150 


5.542 


150-200 


3,254 


200-2.50_ -. 


3,295 


2.50-300 


1,440 


300-400 . 


1,990 


400-.500 


1,489 


500-750 


1,544 


760-1,000 


1,805 


1,000-1,500 


431 


1,500-2,000 






(») 


2,000-3.000 










352 


3,000-4,000 












4,000-5,000 
















1 


1 


148 


























1,736 




















Total 


4, 094, 420 


'272,705 


8, 600, 455 


» 73, 889 


1, 716, 842 


•49,066 


631,915 


« 61, 704 


211,319 











For footnotes see p. 74. 



72 



STATISTICS OF INCOME 



Table 7. — Individual returns for 1934 by net income classes, showiyig sources of 
income, deductions, and net income; also total nurnher of returns and, for returns 
of net income of $5,000 and over, number of returns for each specific source of 
income and deduction — Continued 

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



Net income classes 



Under 5 (est.)-- 

5-6- 

6-7 

7-8-. 

8-9 

9-10 

10-11 

11-12 

12-13 

13-14 

14-15 

15-20.. 

20-25 

25-30.. 

30-40- 

40-50 

50-60 

60-70 

70-80 

80-90 

90-100 

100-150 

150-200_. 

200-250 

250-300. 

300-400 

400-500 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

6,000 and over..- 
Classes grouped 

Total 



Sources of income — Continued 



Rents and 
royalties 



Number 
of re- 
turns 



(») 

20, 817 

13, 882 

9,133 

6, 521 

4,892 

3, 815 

3,002 

2,480 

1,996 

1,716 

5,441 

2,892 

1,749 

1,915 

1,040 

566 

388 

222 

145 

106 

233 

83 

53 

23 

19 

9 

19 

12 

3 

2 

1 
1 



« 83, 206 



344. 058 

24, 949 

17,891 

13 875 

10, 705 

9,096 

7, 468 

6.439 

5,351 

4,741 

4,510 

15, 669 

10, 052 

7,126 

8,352 

5, 588 

3,336 

2,691 

1,760 

1,084 

748 

1,980 

653 

494 

130 

309 

51 

672 

38 

3 

(?) 

13 



509, 844 



Dividends on stock 
of domestic corpora- 
tions 



Number 
of re- 
turns 



(8) 

55, 492 

39, 733 

28, 055 

20, 736 

16,281 

13, 090 

10, 647 

8,827 

7,423 

6,411 

20, 843 

11,522 

6,987 

7,655 

4,125 

2,339 

1,455 

893 

665 

447 

954 

357 

200 

120 

76 

36 

57 

28 

21 

4 



265, 487 



Amount 



380, 628 
71, 139 
64, 698 
56, 673 
50,904 
44, 925 
41,511 
38, 932 
36, 196 

31, 117 

32, 230 
131, 192 
104,268 

85, 044 
127, 138 
93, 647 
69,414 
54, 357 
36, 784 
34, 753 

27, 201 
80, 856 
47, 140 
34, 676 

28, 476 
21,824 
15, 029 
32, 628 

23, 690 

24, 037 
(«) 

19, 084 
(s) 



(«) 
19, 475 



1, 965, 670 



Fiduciary ' 



Number 
of re- 
turns 



(6) 

7,446 

5,688 

4,109 

3,234 

2,206 

841 

662 

587 

471 

386 

1,316 

686 

419 

445 

298 

151 

87 

53 

40 

23 

192 

84 

42 

28 

10 

10 

16 

5 

7 



•29,542 



Amount 



84, 876 
16, 244 
14, 137 

11, 738 
10,204 

9,212 
8,255 
7,359 
6,701 
5,982 
5,755 
23, 429 
16, 223 

12, 281 
15, 850 
10, 997 

6,963 

4,177 

3,966 

2,847 

1,615 

3,663 

2,290 

1,257 

629 

318 

774 

355 

299 

332 



288, 730 



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



Number 
of re- 
turns 



5,044 

4,074 

3, 300 

2,303 

2,045 

1,754 

1,487 

1,212 

1. 133 

1.046 

3,637 

2.186 

1,443 

1,648 

906 

533 

347 

203 

163 

112 

228 

92 

46 

35 

23 

18 
3 
5 
1 



35, 097 



Amount 



3,105 

2,691 

2,324 

1,825 

1,599 

1,639 

1,434 

1,251 

1,212 

1,146 

4,428 

3,008 

2,190 

2,735 

1,793 

1,164 

719 

394 

450 

322 

797 

331 

319 

248 

491 

183 



16 



38,044 



For footnotes see p. 74. 



STATISTICS OF INCOME 



73 



Table 7. — Individual returns for 1934 by net income classes, showing sources of 
income, deductions, and net income; also total number of returns and,- for returns 
of net iriAMme of $5,000 and over, number of returns for each specific source of 
income and deduction — Continued 

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





Sources of income— Continued 


Deductions 


Net income 


Other taxable 
interest 


Other 

in- 
come * 


Total 
income 


Business loss 


Partnership 
loss ' 


Net capital 
loss 2 




Num- 
ber of 
returns 


Amount 


Num- 
ber of 

re- 
turns 


Amount 


Num- 
ber of 

re- 
turns 


Amount 


Num- 
ber of 
returns 


Amount. 


Under 5 (est.). 
5-6 


(«) 

49, 035 

33, 484 

23, 353 

17, 040 

13, 120 

10, 320 

8,519 

7.012 

5,867 

5,186 

16, 548 

9.199 

5,688 

6,329 

3,376 

1,934 

1,222 

770 

577 

399 

832 

313 

180 

108 

71 

35 

52 

27 

17 

4 

6 

1 


4.55, 751 

47, 781 
38,641 
31, 369 
25, 043 
21, 848 
19, 214 
17, 677 
15, 735 
14, 277 
12, 353 

48, 822 
32, 797 
22, 959 
30, 185 
18, 394 
11,350 

8,563 
5,565 
4,561 
3,494 
7,136 
3,469 
2,436 
1,350 
1,573 
1,580 
2,175 
1, 520 

409 
(') 

211 
(*) 


121,684 
9,613 
7,816 
6,226 
7,171 
4,145 
3,439 
3,099 
2, 751 
2,408 
2,384 
7,941 
5,871 
4,103 
6,518 
4,236 
2,528 
1,878 
1,631 
1,620 
1,269 
2,943 
1,743 
1,674 

482 

562 
1,052 
1,667 

349 
1,413 
(«) 

399 
(«) 


9. 080, 298 
741,966 
560, 339 
425, 256 
334, 890 
280,310 
235, 324 
204, 671 
179, 306 
159, 110 
144, 302 
539, 343 
363, 380 
262, 602 
349, 932 
237, 250 
160,044 
119,446 
82, 545 
71, 037 
52, 435 
143, 653 
75, 539 
55,108 
39, 931 
31,370 
21,035 
42, 201 
29, 814 
27, 492 
(«) 

20, 357 
(«) 


(«) 

1,887 

1,301 

980 

726 

526 

474 

391 

324 

293 

241 

797 

490 

318 

400 

219 

149 

94 

55 

56 

36 

95 

33 

25 

16 

9 

6 

12 

8 

4 

1 

3 


34, 132 

2,826 

2,018 

1,814 

1,549 

994 

1,065 

1, 002 

925 

826 

636 

2,439 

1,907 

1,296 

1,790 

1,234 

737 

555 

306 

535 

584 

1, 331 

451 

658 

314 

97 

345 

433 

231 

107 

(«) 

696 


(«) 
1,225 
872 
627 
491 
345 
303 
226 
189 
203 
163 
552 
306 
222 
260 
142 
89 
58 
30 
22 
29 
39 
18 
12 
6 
2 


13, 826 

1,899 

1,324 

1,019 

877 

547 

494 

524 

524 

374 

294 

1, 493 

1,257 

874 

1,334 

437 

382 

219 

238 

54 

166 

546 

207 

24 

25 

1 


(«) 

13, 892 

10,412 

7,944 

6,153 

4,953 

4,035 

3,322 

2,891 

2,534 

2,100 

7, 305 

4,291 

2,643 

2,900 

1,617 

931 

569 

377 

275 

182 

379 

161 

93 

52 

36 

14 

24 

13 

7 


92, 794 
12 700 


6-7 


10 1''3 


7-8 


8 152 


8-9 


6 580' 


9-10 


5 601 


10-11 


4,66* 
3, 958. 


11-12 


12-13 . - 


3 507 


13-14 


3 107 


14-15 


2 601 


15-20 


9,349 

5,851 


20-25 


25-30 

30-40 


3.606 
4 124 


40-50 


2 352 


50-60 


1 332 


60-70 


833 


70-80 


567 


80-90 


398 


90-100 


285 


100-150 

150-200 

200-250 

250-300 

300-400 

400-500 


585 
256 
150i 
88; 
64 
21 


500-750 






46 


750-1,000 -. 

1,000-1,500 

1,500-2,000 


2 

1 


38 
9 


20 
14 


2,000-3,000 






3 
1 


30' 


3,000-4,000 






(') 


4,000-5,000 














1 


995 


(«) 
295 


22, 676 










1 


(*) 


Classes group- 
ed 8 




54 






4 














Total.... 


6220,625 


909, 231 


220, 910 


15,092,960 


'9,969 63,885 


8 6,434 


29,004 


9 80,110 


183, 762 



For footnotes see p. 74. 



74 



STATISTICS OF INCOME 



Table 7. — Individual returns for 1934 by net income classes, sJiowing sources of 
income, deductions, and net incojue; also total nuynher of returns and, for returns 
of net income of $5,000 and over, number of returns for each specific source of 
income and deduction — Continued 

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



Net income classes 



Under 5 (est.) . 

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 

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 



Deductions — Continued 



Interest paid 5 



Num- 
ber of 
returns 



Amount 



285, 950 

31, 230 

24, 402 

18, 540 

14, 844 

11,755 

9,956 

8,589 

7,292 

6,178 

5,569 

20, 599 

13,317 

10, 445 

11,448 

8,238 

5,171 

3,945 

2,450 

2,239 

1,561 

4,519 

1,743 

1,471 

830 

705 

519 

1,841 

1,302 

272 

(S) 

171 
(*) 



(*) 



124 



Total. ...9230,576 517,217 »360,569 541,191 '324,368 



Taxes paid ' 



Num- 
ber of 
returns 



(') 

92, 495 

59. 914 

40, 154 

27,916 

21, 296 

16, 214 

12, 928 

10, 492 

8,701 

7,456 

23, 409 

12, 569 

7,372 

7,916 

4,144 

2,315 

1,447 

883 

661 

444 

951 

354 

196 

117 

76 

36 

58 

26 

19 

4 

6 

1 

.. 



Amount 



308, 701 
26, 937 
20, 644 
1.5, 698 

12, 924 
10, 768 

9,046 
7,928 
6,824 
6,011 
5,516 
21,051 
14, 061 
10, 200 

13, 713 
9,418 
6,017 
5,067 
3,554 
3,004 
2,286 
6,330 
3,902 
2,407 
1,714 
1,299 
1,089 
1,525 

982 
959 
(S) 
772 



(«) 



842 



Contributions 



Num- 
ber of 
returns 



(^) 

83, 623 

54, 055 

35, 806 

25, 184 

19,213 

14, 488 

11,586 

9,521 

7,754 

6,898 

20, 846 

11,070 

6,555 

7,105 

3,725 

2,107 

1,318 

806 

597 

406 

882 

324 

180 

112 

70 

33 

51 

24 

19 

4 

4 

1 



143, 172 
12,910 
9,784 
7,519 
5,968 
5,313 
4,277 
3,744 
3,300 
2,958 
2.669 
10. 450 
7,208 
5.545 
8,094 
5,844 
4,189 
3,501 
2,421 
1,798 
1,593 
4,791 
2,630 
2,038 
1,715 
1,337 
909 
1,824 
1,137 
1,329 
(>) 

456 
(^) 



(8) 
2,399 



272, 822 



All 
other 
deduc- 
tions * 



405, 686 
31, 844 
23, 903 
19, 016 

15, 751 
12,094 
10, 456 

9,804 
8,606 
7,938 
6,289 
27,416 
17, 993 
13, 046 

16, 077 
12, 140 

7,076 

6,521 

3.180 

4,587 

2,178 

7,807 

4,008 

3,172 

1,816 

1,442 

745 

2,186 

984 

449 

"2," 847' 



1,218 



Total 
deduc- 
tions 



1, 284, 260 

120, 346 

92, 198 

71, 758 

58, 494 

47, 073 

39, 959 

35, 549 

30, 979 

27, 392 

23, 574 

92, 797 

61, 593 

45, 012 

56, 581 

39, 662 

24, 905 

20, 640 

12, 716 

12,616 

8,654 

25,909 

13, 196 

9,920 

6.502 

4,945 

3,628 

7,855 

4,695 

3,139 



4,972 



4,640 



;,277 2,296,158 



Net 
income 



7, 796, 038 

621, 620 

468, 141 

353, 498 

276, 396 

233, 237 

195, 364 

169, 122 

148, 327 

131,717 

120, 729 

446, 546 

301, 787 

217, 590 

293, 352 

197, 588 

135, 139 

98, 806 

69, 829 

58, 421 

43, 782 

117,744 

62, 343 

45, 188 

33, 430 

26, 425 

17, 407 

34, 345 

25. 119 

24,353 



15,385 



18,036 



12, 796, 802 



1 For explanation of items, see p. 8. 

2 For explanation of clianges in 1934 Act affecting net capital gain and net capital loss, see text, pp. 8-9, 
;and synopsis of laws, pp. 118-119. 

3 Interest received on 4 and 4'4 percent Liberty bonds and Treasury bonds owned in excess of $5,000, 
and on obligations of certain instrumentalities of tlie United States is subject to surtax if the surtax net 
income is over $4,000. (See items 9 and 25, form 1040, p. 126.) 

< The number of returns is not available, since the amount of "other income" is determined by subtract- 
ing the sum of specific sources of income from total income, and "other deductions" is determined by sub- 
tracting the sum of specific deductions from total deductions. 

' Excludes amounts reported in schedule A as business deductions. 

' Not available. 

^ Less than $500. 

' Classes grouped to conceal identity of taxpayer. 

• Excludes returns with net income of under .$5,000. 



STATISTICS OF INCOME 



75 



Table 8. — Individual returns for 1934 of net income of $5,000 and over — Frequencij 
distribution by size of profit and loss from busiiiess {other than partnerships) by 
industrial groups, showing number of businesses and amount ^ 





Industrial groups 


Size of profit and 


Aggregate 


Agriculture and related industries 


loss fro.n business 
(Thousands of 


Profit 


Loss 


Profit 


Loss 




Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Under 0.1 


1.107 

1,042 

769 

687 

595 

2,498 

3,848 

3,402 

3,754 

4,895 

36. 741 

8.432 

2.860 

1,275 

684 

646 

291 

224 

83 

50 

4 

2 


$51. 522 

151, 300 

189, .591 

238, 593 

266, 389 

1, 836, 235 

5,689,860 

8, 532, 617 

13,159,073 

22, 226, 071 

254, 496, 838 

101,010,136 

48, 989, 619 

28, 305, 852 

18, 677, 851 

22, 109, 689 

12, 908, 970 

13, 472, 790 

6.981,142 

6, 693. 433 

1,393.623 

1, 307, 805 


665 

638 

554 

510 

453 

1,734 

1,928 

1,058 

644 

407 

834 

263 

106 

57 

34 

30 

19 

20 

7 

6 

1 

1 


$32, 325 
94, 437 
136, 435 
177, 410 
203, 135 

1, 258, 794 

2, 796, 198 
2, 586, 211 
2, 229, 866 
1, 809, 844 
5, 782, 670 
3,151,205 
1,818,832 
1. 275, 876 

914, 585 
1,027,254 

829. 916 
1,154,813 

597, 017 
1, 019. 564 

323, 658 

532, 896 


221 

232 

159 

177 

135 

490 

016 

400 

387 

308 

2,161 

368 

144 

68 

19 

26 

10 

6 


$11,047 

34, 787 

39, 428 

61,733 

60, 533 

359, 323 

902, 661 

999, 309 

1,349,041 

1, 666, 556 

14, 445, 178 

4, 443, 194 

2, 497, 684 

1, 528, 039 

511, 139 

918,906 

438, 253 

360, 111 


274 

274 

240 

233 

222 

871 

1,036 

625 

363 

240 

468 

146 

75 

34 

23 

16 

9 

13 

6 

3 


$14, 336 
40, 557 
59, 232 
80, 767 
99, 883 

634 110 


0.1-0.2 


0.2-0.3 . 


0.3-0.4 . 


0.4-0.5 


0.5-1 


1-2 

2-3 


1, 507, 013 
1, 529 565 


3-4 


1, 260, 957 
1,072,711 


4-5 


5-10 

10-15 .._. 

15-20 


3, 262, 786 

1,760,099 

1,285,667 

765, 683 

614, 008 


20-25 

25-30 


30-40 

40-50 


549, 900 
395, 810 
759,715 
620, 055 


60-75 

75-100 


100-250 i 


1 


133,403 


528, 035 


250-500 


500-1,000 






1 


532, 896 


1,000 and over 


























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

Total for returns 
of net income 
under $5,000 for 
which no fre- 
quency distri- 
butions oy bus- 
iness and bv 
profit and loss 


73, 889 

(2) 


568, 688, 999 
1, 14§, 1,52, 791 


9,969 


29, 752, 941 
34, 131, 775 


5,988 


30, 760, 325 


5,172 


17, 273, 785 












Grand total 


m 


1,716,841,790 


(2) 


63. 884, 716 





















For footnotes see p. 



76 



STATISTICS OF IXCOME 



Table S. — Individual returns for 1934 of net income of $5,000 and over — Frequency 
dislribution by size of profit and loss from business {other than parlnerships) by 
industrial groups, showing number of businesses and amount ^ — Continued 





Industrial groups— Continued 


Size of profit and loss 
fro-.n business 

(Thousands of dollars) 


Mining and quarrying 


Manufacturing 


Profit 


Loss 


Profit 


Loss 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


A.nount 


UnderO.l 


28 
31 
19 
IS 
15 
47 
f.9 
55 
51 
60 
283 
113 
46 
35 
17 
12 
23 
10 
4 
3 


$1, 270 

4,592 

4,S37 

6, 156 

6,625 

35, 018 

103. 032 

137,918 

175,916 

272,011 

1,985,371 

1, 362, 689 

766, 057 

773, 900 

458.719 

429, 304 

1, 030, 020 

584, 160 

327, 648 

399, 905 


12 
4 
11 
9 
3 

22 
26 
16 
13 
12 
25' 
16 
2 
4 
5 
2 
I 
2 


$579 

634 

2, 745 

3,196 

1,361 

16,281 

40, 759 

38. 027 

45, 784 

53. 988 

171,020 

197,912 

37,714 

91, 5r,6 

138, 121 

65. 581 

43, 52S 

111,120 


25 

31 

17 

19 

17 

64 

117 

134 

178 

262 

2,195 

572 

199 

96 

58 

65 

27 

18 

8 

I 

1 


$835 

4, 605 

4,214 

6, 550 

7,531 

49. 834 

172,516 

337,615 

624, 2.54 

1,191,691 

15. 347, 531 

6, 8S8, 121 

3, 478, 926 

2, 142, 877 

1.575,328 

2,217,7«7 

1,212,000 

1,068,557 

675, 174 

859, 901 

690, 926 

800, 323 


17 

18 

13 

16 

14 

39 

62 

28 

11 

13 

18 

7 

3 

2 


$715 


0.1-0.2 


2,445 


2-0 3 


2,870 


3-0.4 


0, 210 


0.4-0.5 -- 

0.5-1 


6, 349 
26, 461 


]-2 


91,860 


2-3 


69, 171 


3-4 


38, 801 


4-6 


56, 224 


5-10 . 


117, 638 


10-15 


S3, 834 


15-20 - 


50, 150 


20-25.. 


42, 792 


2.5-30 




30-40 






40-50 






50-75 


1 


59, 903 


75-100 




100-2.50 






1 


225, 565 


250-500 








500-1,000 














1,000 and over 






























Total 


940 


8, 865, 148 


185 1,060,516 


4,112 


39, 356, 996 


263 


879, 978 









Industrial groups— Continued 


Size of profit and lo.ss 


Construction 


Transportation and other public 
utilities 


from business 


Profit 


Loss 


Profit 


Loss 


(Thousands of dollars) 


Nurr.- 
berof 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


-Amount 


Num- 
ber of 
busi- 
nesses 


A mount 


Num- 
ber of 
busi- 
nesses 


.\mount 


UnderO.l... 


9 
5 

11 

3 

34 

57 

62 

,59 

91 

742 

170 

64 

30 

IS 

17 

7 

8 

4 

2 


$415 

660 

1.7,58 

3.731 

1,388 

24, 098 

88, 632 

151,442 

208, 015 

411,309 

5, 0,57, 875 

2, 029, 697 

1,120,503 

668, 259 

4,86, 613 

554, 836 

319,815 

4.80,311 

323, 724 

319,921 


8 
4 
8 
4 
4 
18 
19 
11 
6 
5 
8 
4 


$479 

689 

1.910 

1,458 

1,863 

14, 155 

27, 987 

25. 242 

20, 375 

22. 823 

61,546 

47, 437 

53. 720 


5 
9 

1 

5 
34 
66 
48 
45 
73 
566 
113 
39 
29 

7 
15 

7 

8 


$219 

1, 468 

279 

1. 702 

2,229 

25, 342 

80,751 

123, 460 

156, 342 

331,392 

3, 845, 2.54 

1,371,699 

674, 489 

65.5, 372 

195, 692 

524. 527 

305. 165 

500, 628 


8 
8 
4 
2 
2 
11 
16 

4 
2 
4 
2 


$433 


0.1-0.2 


1,235 


0.2-0.3 . 


1,003 


0.3-0.4 


706 


0.4-0.5 . 


822 


0.5-1 - 


7.532 


1-2 

2-3 - 


25, 668 
17, .551 


3-4 


13,513 


4-5. ._ 

5-10 


8,908 
25 169 


10-15 

15-20 


27, 803 


20-25 








25-30 






1 


27, 206 


30-40 








40-,50 

50-75 






1 


44,128 


75-100 










100-2.50 














2.50-500 














500-1,000 


















1,000 and over 




































Total 


1,400 


12, 253, 002 


102 


279, 684 


1,065 


8, 796, 016 


72 


201 667 







For footnotes see p. 80. 



STATISTICS OF INCOME 



77 



Table 8. — Individual returns for 193Jf of net income of $5,000 and over — Frequency 
distribution by size of profit and loss from business {other than partnerships) by 
iiidustrial groups, showing number of businesses and amount ' — Continued 





Industrial groups— Continued 


Size of profit and loss 
from business 

(Thousands of dollars) 




Trade- 


Retail 




Trade— Wholesale 


Profit 


Loss 


Profit 


Loss 




Nu-n- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Nu.n- 
ber of 
busi- 
nesses 


Amount 


Under 0.1 


353' 

145 

95 

93 

87 

404 

764 

721 

898 

1,182 

7,758 

1,372 

456 

152 

SO 

86 

34 

20 

9 

3 


$14,821 

20. 905 

23, 401 

32, 695 

39, 167 

299, 697 

1, 140, 874 

1,817,300 

3. 150, 252 

5, 381, 164 

52, 372, 742 

16, 373. 220 

7, 736, 421 

3, 325. 086 

2, 214, 745 

2, 921, 693 

1, 503, 746 

1,173,251 

752, 202 

591, 404 


95 

93 

76 

75 

56 

211 

197 

102 

65 

39 

80 

16 

6 

2 


$3, 666 

14, 003 

18.911 

26, 205 

25, 248 

153, 029 

285, 295 

247, 361 

228, 306 

172, 631 

536, 683 

195,013 

101,853 

42. 945 


8 

8 

13 

10 

1 

57 

79 

89 

99 

151 

1,336 

342 

138 

79 

42 

43 

22 

15 

4 

1 


$416 

1,221 

3,452 

3,542 

1,764 

43, 612 

119.852 

227, 509 

347, 155 

691, 165 

9, 303, 935 

4, 102, 203 

2, 352, 726 

1,805,988 

1,143,521 

1,491.714 

979, 230 

908, 427 

333. 652 

131,656 


8 
7 

10 
6 
9 

19 

34 
8 
9 
5 

17 
4 
1 
2 
1 


$393 


0.1-0.2 

0.2-0.3 


1,123 
2,511 


0.3-0.4 


2,051 


0.4-0.5 

0.5-1 


3,910 

14, 448 


1-2 


49 963 


2-3 

3-4 

4-5 

5-10 


19,617 
30, 497 
21,314 

118,685 


10-15 

1.5-20 

20-25 

25-30 - 


49, 700 
16, 460 
43,973 
25, 506 


30-40 .. --- 








40-50 










50-75 










75-100 










100-250 .. 










2.50-500. 










500-1,000 


















1,000 and over 




































Total 


14, 710 


100, 884, 786 


1,113 


2,051,149 


2,540 


23, 992, 740 


140 


400, 151 








Indu 


strial grou 


ps— Continued 


Size of profit and loss 


Trade— Wholesale and retail 


Service 


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


from business 


Profit 


Loss 


Profit 


Loss 


(Thousands of dollars) 


Num- 
ber of 
busi- 
nesses 


-Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Under 1 


1 
1 
1 


$98 
159 
222 






10 
8 
19 
7 

12 

43 

68 

61 

81 

103 

742 

99 

24 

8 

4 

5 

8 

3 


$389 

1,180 

4,674 

2, 524 

5. 4,30 

30,641 

105, 904 

154, 302 

282, 444 

471,981 

4, 966. 755 

1, 161, 585 

407, 788 

171,214 

108, 647 

166, 202 

348, 107 

177, 619 


13 

11 

11 

9 

10 

40 

41 

26 

9 

8 

14 

4 

1 

2 

1 

1 

1 


$397 




1 
1 


$122 
280 


1,631 


0.2-0.3 


2,676 


0.3-0.4 


3,216 


4-0 5 


2 

4 

11 

13 

27 

37 

230 

54 

18 

9 

6 

2 


945 

3,179 

16, 078 

32, 273 

95,511 

173, 755 

1, 586, 379 

638. 916 

312, 142 

201, 851 

162, 604 

62, 096 






4,317 


0.5-1 


3 
2 


2,312 
2,780 


28, 947 


1-2.. 


58, 668 


2-3 - - 


02, 549 


3-4 






.30, 719 


4-5 






34,005 


5 10 






101, 809 


10-15 






45, 923 


15-20 






15, 530 


20-25 






42, 591 


25-30 






25, 092 


30-40 






31,060 


40-50 


1 


41, 271 


41, 332 










75 100 














100-250 














1 


142, 182 


250-500 


































1,000 and over- 


















Total. . . 


416 


3, 286, 208 


8 


46, 765 


1,305 


8, 567, 386 


203 


672, 644 









For footnotes see p. 80. 
88010—36 6 



78 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1.934 of net income of $5,000 and over — Frequenc]] 
distribution by size of profit and loss from business (other than partnerships) by 
industrial groups, showing number of businesses and amount ^ — Continued 





Industrial groups— Continued 


Size of profit and loss 


Service— Amusements 


Service— Curative (medicinal and all 
other) 


from business 
(Thousands of dol- 


Profit 


Loss 


Profit 


Loss 




Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


UnderO.l 


3 

8 
5 


$260 
1,096 
1,183 


4 
10 
7 
3 
2 
16 
34 
14 
16 
10 
26 
15 
5 
1 
1 
1 
1 
4 


$118 

1,408 

1,741 

1,079 

919 

11, 845 

52, 717 

33, 453 

54, 077 

44, 804 

193, 662 

175,916 

84, 037 

24, 423 

26, 984 

31, 730 

41, 688 

224, 075 


84 

89 

65 

59 

56 

252 

489 

581 

735 

1,139 

10, 031 

2,224 

625 

225 

117 

75 

21 

12 

4 

1 


$4, 068 

13,021 

16, 169 

20, 163 

24, 806 

187, 552 

738, 388 

1,466,711 

2, 006, 883 
5, 166, 197 

70, 496, 725 
26, 465, 094 
10, 632, 095 
4, 991, 874 

3, 169, 281 
2, 577, 622 

937, 695 
725, 255 
344, 978 
106, 537 


44 
40 
37 
24 
26 
94 
77 
34 
15 
3 
21 


$2, 248 


0.1-0.2 


5,849 


0.2-0.3 


9,216 


3-0 4 


8,530 


0.4-0.5 


5 

26 

44 

34 

51 

55 

368 

110 

25 

10 

9 

14 

3 

2 

1 


2,233 

19, 066 

67,010 

82, 529 

176, 518 

247, 597 

2,512,412 

1, 300, 780 

442, 017 

219, 028 

250, 541 

472, 422 

137, 904 

127, 263 

85, 660 


11,628 


5-1 . - - 


66, 507 


1-2 


111,710 


2-3 -- --- 


86, 158 


3-4 


49, 909 


4-5 


13, 764 


5-10 


129, 338 


10-15 




15-20 






20-25 


1 


20, 523 


25-30 - - - 




30-40 






40-50 






50-75 






75-100 






100-250 










250-500 














500-1,000 - --- 


















1,000 and over -. 




































Total 


773 


6. 145, 519 


170 


1, 004, 676 


16, 884 


130,691,114 


416 


515, 380 









Industrial groups— Continued 


Size of profit and loss 
from business 


Service— E ducational 


Service— Engineering 


Profit 


Loss 


Profit 


Loss 


(Thousands of dollars) 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Under 0.1 


34 
57 
39 
22 
25 
84 
77 
57 
60 
52 
484 
159 
65 
37 
28 
20 
13 
18 
7 
6 


$1, 758 

7,944 

9,786 

7, 537 

11, 104 

59, 022 

114,135 

143, 793 

209, 294 

237, 958 

3, 368, 493 

1, 904, 839 

1, 146, 148 

825, 380 

759, 059 

669, 612 

581, 880 

1, 069, 718 

569, 748 

735, 092 


24 
23 
11 
10 
9 

50 
29 
6 
4 
1 
3 
2 
2 


$1,317 

3,487 

2,776 

3, 554 

4,129 

35,211 

40, 248 

14, 588 

13, 744 

4,543 

23, 387 

21,324 

32, 000 


29 
29 
17 
24 
16 
58 
69 
49 
44 
59 
373 
110 
43 
21 
12 
11 
9 
3 
2 
1 


$1, 641 

4,221 

4,032 

8,301 

7, 070 

43, 896 

94, 722 

120, 831 

155, 958 

262, 023 

2, 599, 618 

1, 322, 874 

743, 271 

470, 077 

335, 235 

378, 909 

407, 768 

194, 059 

154, 390 

102, 879 


18 
18 
12 
15 
10 
39 
34 
22 
15 
4 
9 
4 
1 
2 


$969 


1-0.2 


2,769 


0.2-0.3 

0.3-0.4 


2,878 
5,277 


0.4-0.5 


4,480 


5-1. --. 


27, 679 


1-2 

2-3 

3-4 - -- 


48, 562 
53, 783 
51, 995 


4-5 ..- 


17,269 


5-10 

10-15 


55, 835 
45, 490 


1.5-20 


15,898 


20-25 


45, 982 


25-30 








30-40 










40-50 










50-75 










75-100 










100-250 










250-500 






500-1,000 


















1,000 and over 




































Total 


1,344 


12, 432. 300 


174 


200, 308 


979 


7,411,775 


203 


378, 866 







For footnotes see p. 80. 



STATISTICS OF INCOME 



79 



Table S.^Individual returns for 1934 of net income of $5,000 and over — Frequency 
distribution by size of profit and loss from business {other than partnerships) by 
industrial groups, showing number of businesses and amount ' — Continued 









Industrial groups— Continued 




Size of profit and loss 
from business 

(Thousands of dollars) 




Service- 


-Legal 




Service— All other 


Profit 


Loss 


Profit 


Loss 




Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Under 0.1 


114 

152 

133 

100 

83 

381 

615 

501 

488 

619 

4,425 

1,346 

533 

263 

137 

1.55 

60 

63 

26 

12 

2 

1 


$5, 943 

21, 549 

32, 457 

34, 534 

37, 381 

282, 855 

910, 693 

1, 246, 662 

1, 700, 850 

2, 805, 682 
31, 520, 426 
16, 167, 773 

9, 132, 348 
5, 810, 289 
3,781,233 
5, 297, 108 

2, 645, 209 

3, 764, 513 
2, 227, 742 
1, 614, 320 

702, 697 
507, 482 


50 

47 

49 

42 

24 

104 

91 

27 

22 

11 

22 

4 

1 

1 


$2, 473 
6,849 
12,066 
14,911 
10, 618 
76, 653 

130, 496 
63, 962 
74, 035 
48, 329 

1.55, 614 
45, 195 
17, 483 
23, 753 


29 

25 

22 

24 

21 

77 

112 

115 

106 

162 

1,728 

390 

111 

48 

28 

17 

7 

10 

2 


$1, 087 

3,437 

5,312 

8, 235 

9,540 

55, 340 

161, 681 

286, 730 

370, 159 

740, 758 

11, 987, 603 

4, 699, 981 

1, 895, 722 

1, 067, 996 

750, 180 

570, 090 

311, 275 

624, 480 

187, 228 


13 
12 

12 
6 
6 

22 
16 
9 
8 
4 
7 


$454 


0.1-0.2 


1,645 


0.2-0.3 


2,961 


0.3-0.4 . - - 


2,004 


0.4-0.5 


2,716 


0.5-1 


16, 949 


1-2 


23, 184 


2-3 - - 


22, 294 


3-4 - - 


27, 075 


4-5 - - - 


17, 772 


5-10 


47, 053 


10-15 




1.5-20 






20-25 






25-30 - - - - 






30-40 










40-50 










50-75 










7.5-100 










100-250 










250-500 














500-1 000 














1 000 and over 
































Total 


10, 209 


90, 249, 746 


495 


682, 437 


3,034 


23, 736, 834 


115 


164, 107 









Industrial groups— Continued 


Size of profit and loss 


Finance— Investment brokers 


Finance — Real estate 


from business 


Profit 


Loss 


Profit 


Loss 




Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Under 0.1 


4 
6 
5 
4 


$151 

906 

1, 253 

1,365 


3 
9 
2 
4 
3 

14 
22 
13 
14 
5 
13 
8 


$160 

1,368 

465 

1,490 

1,350 

11,263 

31,288 

30, 594 

48, 150 

21,043 

88, 541 

89, 955 


13 

20 

12 

13 

8 

52 

72 

51 

53 

53 

342 

59 

28 

12 

10 

4 

2 

2 

1 

2 


$517 

3,148 

2,854 

4,572 

3,688 

37, 399 

105, 243 

123,624 

185, 950 

237, 803 

2, 355, 259 

717, 322 

486, 648 

274, 988 

276, 777 

139,313 

84, 761 

115,238 

82, 528 

210, 170 


12 

13 

9 

7 

13 

41 

39 

23 

22 

12 

21 

10 

3 

1 


$720 


0.1-0.2.- 


1,889 


0.2-0.3.. 


2,211 


0.3-0.4 


2,356 


0.4-0.5 


5,658 


0.5-1 


14 

32 

28 

14 

30 

189 

80 

37 

21 

7 

11 

3 

6 

2 

2 


10, 691 
45, 860 
67, 598 
48, 667 
133, 148 
1, 359, 562 
991,823 
645, 547 
462, 790 
188, 142 
378, 577 
136, 029 
361, 810 
186, 193 
265, 893 


30, 039 


1-2 ... 


55, 229 


2-3 


55, 925 


3-4 


76, 773 


4-5 


54,312 


5-10 


146, 704 


10-15 .. 


123, 386 


15-20 


56, 094 


20-25 


1 


20, 407 


23, 287 


25-30 




30^0 


2 
3 


75, 755 
132, 920 


2 


64,377 


40-50 




50 75 
















100 250 


1 
1 


123, 782 
323, 658 






250-500 






500 1 000 


















































Total . - 


495 


5, 286, 005 


118 


1, 002, 189 


809 


5, 447, 802 


228 


698, 960 







For footnotes see p. 80. 



so 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1934 of net income of $5,000 and over — Frequencij 
dAstrihution by size oj profit and loss from business (other than partnerships) by 
individual groups, showing number of businesses and amount ^ — Continued 





Industrial groups — Continued 


Size of profit and loss 
from business 

(Thiousands of dollars) 


Finance— All other 


Nature of business not given 


Profit 


Loss 


Profit 


Loss 




Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Num- 
ber of 
busi- 
nesses 


Amount 


Under 0.1 


49 

49 

45 

26 

30 

118 

197 

178 

163 

162 

1,323 

400 

142 

75 

45 

34 

18 

7 


$2, 621 

7,125 

11,490 

8,954 

13, 395 

86, 520 

291,605 

449, 375 

565, 479 

729, 733 

9, 355, 956 

4, 827, 135 

2,450,811 

1,666,019 

1, 222, 808 

1, 160, 748 

775, 207 

446, 378 

555, 679 

280, 706 


18 

13 

6 

5 

8 

27 

38 

21 

9 

1 

10 

6 

1 


$878 

1,934 

1, 566 

1,637 

3,418 

19. 242 

53, 286 

51,318 

31,118 

4,123 

71,065 

70, 086 

17, 875 


88 

137 

95 

75 

71 

259 

304 

224 

215 

237 

1,467 

351 

123 

57 

40 

34 

17 

'\ 

7 


$3, 966 

19, 376 

22, 790 

26, 299 

31, 560 

183, 150 

430, 223 

563, 630 

750, 385 

1,074,148 

10, 029, 764 

4,241,191 

2, 068, 276 

1, 244, 825 

1, 087, 587 

1, 178, 223 

754, 906 

791,012 

174, 596 

941, 646 


44 
33 
35 
40 
32 
93 
115 
66 
39 
32 
68 
15 
2 

4 
2 

5 

1 


$1,990 


0.1-0.2 

0.2-0.3 

U.3-0.4 

0.4-0.5 

0.5-1 

1-2 

2-3 

3-4 

4-5 


4,800 
8,417 

13, 763 

14. 46& 
66, 131 

159, 495- 
164, 453 
134, 038- 
141, 281 


5-10 


476, 145 


10-15 - 


172, 132 


15-20 


34, 351 


20-25 


87, 951 


25-30 






57, 668- 


30^0 


1 
1 


34, 991 
45,311 


173, 860 


40-50 .. 


43, 928 


50-75 




75-100 7 






1 


76, 962^ 


100-250 2 








250-500 












500-1.000 


















1,000 and over.. 




































Total 


3,070 


24, 907, 744 


165 


407, 848 


3,816 


25, 617, 553 


627 


1,831,831 



' Tliis table e.\cludes income from salaries, wages, commissions, fees, etc., as shown in item 1 on face- 
of return. 
2 Not available. 



STATISTICS OF INCOME 



81 



Table 9. — Individual returns for 1934, ^V States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals foi pre- 
ceding years 



Net income classes 
(Thousands of dollars) 


Alabama 




Arizona 




Number 
of re- 
turns 


Net income 


Total tax 


Number 
of re- 
turns 


Net income 


Total tax 


Under 1 (est ) ' 


1,717 
60 

2,612 

1,875 

1,291 

1,607 

2,630 

602 

2,808 

602 

1,459 

758 

398 

872 

147 

769 

61 

475 

51 

675 

408 

275 

208 

125 

106 

78 

62 

61 

46 

104 

47 

28 

30 

17 


$1, 157, 227 
30, 611 
3, 179, 692 
2, 467, 440 
2,236,417 
2, 779, 705 
6, 189, 063 

1, 333, 908 
7, 665, 339 
1,702,816 
4, 694, 484 

2, 474, 553 

1, 465, 684 

3, 254, 681 
618, 809 

3, 254, 746 
293, 598 

2, 262, 818 
273, 273 

3, 689, 791 

2, 638, 172 

2, 056, 681 

1,768,227 

1, 189, 473 

1,117,356 

893, 867 

772, 988 

820, 093 

662, 688 

1,777,714 

1, 029, 476 

751, 323 

1, 063, 771 

752, 861 




793 

6 

1,580 

1,123 

679 

921 

739 

323 

1,697 

353 

710 

459 

241 

323 

102 

317 

36 

215 

10 

270 

166 

70 

41 

54 

40 

22 

18 

9 

8 

30 

9 

1 

9 

3 


$479. 3J25 
3,661 
1, 838, 654 
1, 461, 647 
1,182,800 

1, 572, 496 
1, 684, 214 

717, 959 

4, 626, 453 

990, 873 

2, 261, 362 
1, 500, 754 

887, 345 

1,211,217 

436, 202 

1, 335, 892 

168,124 

1, 029, 265 

54, 777 

1,471,279 

1, 073, 006 

516, 244 

349, 186 

511,446 

418,719 

252, 138 

224, 352 

121. 168 

117.9.39 

517,777 

212, 791 

(2) 

323, Oil 
(2) 






$652 


$84 


1-1 5 (est.) ' - 




1-1.5 (est.) 


13, 675 


7,591 


1 5-2 (est ) ' 




1 5-2 (est ) - 


32, 073 


17, 521 


2-2 5 (est ) 1 - 




2-2 5 (est ) - - 


22, 001 


10, 372 


2 5-3 (est.) 1 - --- 




2 5-3 (est.) 


15, 195 


9,625 


3 3 5 (est ) ' - -- 




3-3.5 (est.) 


16, 251 


13, 779 


3 5-4 (est ) ' - 




3 5-4 (est ) 


27, 154 


10, 860 


4-4 5 (est ) 1 




4-4 5 (est.) 


30, 796 


17, 143 


4 5-5 (est ) 1 




4 5-5 (est ) 


26, 910 


15, 183 


5 6 1 




5-6 _ - 


52. 881 
46, 326 
45, 013 
51,368 
38, 833 
41,361 
35, 668 
35, 582 
41,341 
33,116 
106, 948 
77,411 
70, 034 
128, 789 
111,751 


27, 130 


6-7 


23, 215 


7-8 - 


12,413 


8-9 - 


11, 165 


9-10 


20, 623 


10-11 


16, 872 


11-12 . 


12, 382 


12-13 - 


9,990 


13-14 


7,238 




7,904 


15-20 - 


35, 076 


20-25 


19, 599 


25-30 


(2) 


30-40 


43, 398 


40-50 - 


(2) 


50-60 




€0 70 


3 


(2) 


m 








70-80 








80-90 - 








1 


(2) 


C) 


90-100 










100-1.50 


4 


503, 208 


179, 459 








150 200 








200-250 


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 
































406, 646 


126, 516 




250, 883 


42, 560 










Total 


23, 072 


69, 229, 199 


1, 407, 104 


11,378 


29, 8C2, 959 


391,723 


Summary for preceding years:J 
1933 


19, 962 
20, 680 
19, 532 
22, 605 
25, 818 
26, 891 
27, 992 
28, 540 
26, 278 
47, 591 


53, 673, 478 
54, 020, 284 
70, 309, 297 
93, 900, 510 
122, 569, 172 
142, 167, 220 
133, 224, 614 
136, 523, 003 
130, 024, 575 
159, 918, 982 


978, 404 
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 


8,588 
8,900 
8,035 
10, 590 
12, 448 
11,527 
11, 059 
10, 509 
10,104 
21, 301 


20, 851, 766 
23, 354, 960 
28, 745, 823 
42, 775, 084 
60, 788, 434 
58, 368, 659 
45,837,158 
41,716,578 
41, 382, 939 
58, 273, 049 


265, 635 


1932 - 


305, 405 


1931 


247, 280 




584, 274 


1929 


1,113,778 


1928 - - 


1, 600, 309 


1927 


997, 800 


1926 


498, 896 


1925 - - --- 


544, 953 




511,987 







For footnotes see p. 105. 



82 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
clafises, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 


Arkansas 


California 


Number 
of re- 
turns 


Net income 


Total tax 


Number 
of re- 
turns 


Net income 


Total tax 


Under 1 rest.) i 


1,042 

42 

1,614 

965 

1,164 

636 

1,506 

262 

1,778 

325 

751 

498 

201 

446 

47 

346 

40 

277 

24 

370 

239 

161 

118 

90 

58 

39 

33 

22 

34 

57 

34 

12 

16 

5 

4 

1 


.$684, 786 

31,771 

1, 966, 403 

1, 225, 450 

2, 039, 786 
1, 076, 904 

3, 421, 848 
5S2, 429 

4, 856, 621 
918,017 

2, 401, 551 

1,625,840 

960, 956 

1, 671, 039 

194, 993 

1, 462, 478 

188, 740 

1, 308, 536 

129, 186 

2,016,073 

1, 549, 284 

1, 198, 604 

1,001,871 

852, 218 

609, 135 

446, 735 

412, 165 

296, 925 

490, 217 

981, 960 

748, 519 

324,615 

549, 872 

227, 523 

(2) 

m 




24, 702 

458 

41,377 

23, 220 

23, 141 

33, 907 

23, 478 

13,415 

28. 375 

8 436 

13, 132 

11,811 

4,703 

12, 406 

1,228 

10, 432 

760 

8,574 

492 

9,569 

6,223 

3,478 

2,204 

1,593 

1, 188 

954 

743 

073 

524 

1,640 

933 

549 

546 

292 

200 

130 

75 

52 

32 

75 

25 

10 

7 

2 


$15, 560, 270 
299, 148 
49, 495, 996 
31,317,665 
40,101,091 
58, 407, 263 
53, 239, 224 
29, 707, 202 
77, 147, 617 
2.3, 317, 131 
42, 100, 559 
38, 434, 289 

17, .350, 711 
46, 428, 580 

5, 175, 259 
44, 171, 984 

3, 580, 141 
40, 596. 320 

2, 675, 322 
52, 196, 849 
40, 191, 282 
25, 940, 837 

18, 661, 761 
15,103,384 
12,433, 188 
10,962, 162 

9, 263, 056 
9, 077, 006 

7, 588, 172 
28,232,817 
20, 736, 581 
14, 972, 449 
18,822,591 
13,037,960 
10, 900, 781 

8, 422, 641 
5, 638, 246 

4, 414, 575 
3,028,716 
8, 986, 056 
4, 396, 700 
2, 159,909 
1, 949, 537 

725, 514 




Under 1 rest.) 


.$824 


$6, 160 


1-1.5 (est.) 1 




1-1.5 (est.) 


6,418 


202, 450 


1.5-2 (est.) 1 




1.5-2 (est.) 


11,565 


705, 604 


2-2.5 (est.) ' 




2-2.5 (est.) _ 


8,986 


482, 075 


2.5-3 (est.) ■ 




2.5-3 (est.) 

3-3.5 (est.) 1 


6,819 


317,850 


3-3.5 (est.) 


8,977 


395, 843 


3.5-4 (est.) ' 




3.5-4 (est.) 


10, 926 


535,411 


4-4.5 (est.) 1 




4-4.5 (est.) 


13, 930 


566, 325 


4.5-5 (est.) 1 




4.5-5 (est.) 


16, 078 


597, 2.53 


5-6' 




5-6 


29, 996 

27, 423 

28, 312 
27, 726 
2.5, 873 
24, 417 
19, 048 
19, 113 
14,982 
27, 236 
61,078 
57, 279 

29, 422 
64, 838 
29, 926 
(2) 

(2) 


916, 696 


6-7 


849, 736 


7-8 _ 


695, 045 


8-9, 

9-10 


609, 141 
569, 031 


10-11 


521,674 


11-12 


499, 712 


12-13 


449, 681 


13-14 


4S0, 924 


14-15 


423, 029 


15-20 


1, 8.34, 015 


20-25 


1, 680, 060 


25-39 


1, 494, 344 


30-40 


2, 307, 820 


40-50 


1,9.52,961 


50-60 


1, 923, 458 


60-70 


1, 702, 864 


70-80 


1, 296, 334 


RO-90 








1,118,464 


90-100 








817,894 


100-150 








2, 934, 380 


150-200 _. 


1 


m 


m 


1,758. 114 


200-250,. 


918, 434 


250-300 








900, 944 


.300-400 








340, 799 


400-500 










500-750 ._ .. 








2 


1, 118, 574 


575, 868 


750-1,000 










1,000-1,500 














].. 500-2,000,,. . . 














2.000-3,000 














3,000-4,000 














4.000-5.000 














5.000 and over 


















423, 535 


106, 323 


















Total, 


13,318 


38, 885, 585 


677,515 


315, 766 


968,067,116 


33, 380, 393 






Siimmnry for preceding 
19.33 


11,427 
10, 350 
9,873 
12,490 
15,813 

16, 660 

17, 331 

19, 363 

20, 597 
35, 484 


29,366.515 
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 


370, 043 

215,937 

107,830 

241,787 

712,954 

877, 747 

1,339,952 

1,481,272 

1, 434, 504 

1, 458, 499 


286, 580 
295, 6,50 
24S, 722 
293i 048 
309, 047 
316.738 
315,566 
3 15, ,344 
305, 074 
511,218 


78.5, 354, 006 
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 


21,444,162 


1932 


21, 635, 950 


1931 


14, 732, 280 




27, 136, 057 


1929 


45, 360, 278 


1928 


63, 707. 136 


1927 


46, 044, 994 


1926 


46, 238, 346 


1925 


37, 127, 167 


1924 . . 


37. 880, 658 







For footnotes see p. 105. 



STATISTICS OF INCOME 



83 



Table 9. — Individual rehirns for 1934, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



For footnotes see p. 105. 



Net income classes 
(Thousands of dollars) 


Colorado 


Connecticut 


Number 
of re- 
turns 


Net income 


Total tax 


Number 
of re- 
turns 


Net income 


Total tax 


Under 1 (est.) '- 


3,183 

65 

3,623 

2,034 

2,647 

2,517 

3.396 

1,027 

2,973 

757 

1,395 

1,033 

521 

1,153 

117 

878 

95 

743 

70 

817 

559 

364 

240 

161 

138 

120 

97 

59 

49 

157 

73 

51 

51 

25 

8 

10 

3 

4 

6 

7 

1 

1 

1 

1 

1 

1 


$1, 996, 184 
36, 987 
4, 426, 320 
2, 727, 781 
4, 579, 075 
4, 365, 920 

7, 722, 263 

2, 257, 059 

8, 109, 850 
2, 080, 655 
4, 462, 264 

3, 357, 175 
1,911,109 

4, 354, 420 
490, 624 

3, 719, 784 
453. 240 
3, 526, 005 
378, 308 
4,469,711 
3, 616, 262 
2, 714, 969 
2, 029, 517 
1, 525, 657 
1, 441, 499 

1, 371, 344 
1,216,306 

800, 377 
710, 597 

2, 683, 556 
1, 608, 710 
1, 395, 179 
1, 783, 658 
1, 130, 235 

429, 926 
653, 467 

m 

344, 848 
564, 257 
843, 187 
(2) 
(2) 
(2) 
(2) 
(-') 




6,786 
352 

16, 700 

12, 402 

6,440 

5,548 

6,704 

1,871 

8,133 

2,029 

4,035 

2,430 

1, 532 

2,067 

774 

1,438 

347 

1,360 

264 

2,246 

1,729 

1.168 

801 

625 

484 

392 

302 

272 

207 

678 

397 

236 

271 

103 

74 

49 

28 

16 

8 

27 

8 

10 

5 

1 


$4, 532, 944 

188, 433 

19, 695, 043 

15, 680, 150 

11, 130, 730 
9, 453, 735 

15,185,979 
4,088,411 

22, 213, 423 
5, 585, 535 

12, 976, 376 
7, 897, 571 

5, 694, 027 

7, 737, 950 
3, 277, 443 

6, 102, 928 
1,647,919 
6, 451, 658 

1, 430, 951 
12, 273, 090 
11, 193. 636 

8, 732, 184 
6, 786, 405 
5, 922, 392 
5, 064, 257 
4, 501, 402 

3, 771, 638 
3, 665, 312 

2, 999, 886 
11,649,918 

8, 862, 963 
6, 426, 461 

9, 325, 514 

4. 559, 189 
4, 058, 459 
3, 168, 442 
2, 096, 832 
1, 377, 154 

753. 002 

3, 389, 743 
1, 333, 099 
2, 324, 286 
1, 377, 768 

(2) 




Under 1 (est.) - - 


$711 


$3, 713 


1-1.5 (est.) ' 




1-1.5 (est.) 


17, 108 


67, 072 


1.5-2 (est.) ' 




1.5-2 (est.) - 


53, 059 


98, 454 


2-2-5 (est.) ' -- 




2-2.5 (est.).. 


35, 530 


57,790 


2.5-3 (est.) ' 




2.5-3 (est.)- . . - . 


28,103 


51, 407 


3-3 5 (est.) ' 




3-3.5 (est.) - .- 


29, 273 


57, 913 


3.5-4 (est.) ' 




3.5-4 (est.) - ... . 


40, 553 


58, 319 


4-4.5 rest.) 1 




4-4.5 (est.) 


37, 370 


57, 800 


4.5-5 (est.) ' 




4.5-5 (est.).. 


41, 359 


71, 659 


5-6 ' 




5-6 


64, 342 
60, 391 
58, 468 
57, 829 
46. 210 
53, 943 
56, 302 
53, 083 
39, 241 
34, 4.54 
154, 264 
121, 675 
129, 407 
211,551 
167, 331 
72, 723 
125, 795 

83,217. 
149, 363 
270, 582 

(2) 

(2) 
(') 


163, 974 


6-7 


169, 964 


7-8 


175, 373 


S-9 


171, 695 


9-10 .. 


178, 174 


10-11 ... 


169, 881 


11-12 

12-13 


170. 296 
lr,2, 915 


13-14 


163, 128 


14-15 


143, 250 


15-20 


648, 314 


20-25 


649, 902 


25-30 


585, 369 


30-40 .......... 


1,061,121 


49-50 . ... 


63S, 064 


50-60 


666, 929 


60-70-. ..... 


618, 239 


70-80 


466, 782 


80-90 


338, 235 


90-100 


198, 958 


100-150 


1,106,738 


153-200 


508, 293 


200-250 . 


9.^3, 945 


250-300 


607, 413 


300-400 


(2) 


400-500 


{') 


500-750 




750-1,000 


1 


(-') 


{') 


1 000-1,500 










1,500-2,000 














2 000-3,000 














3 000-4,000 














4 000-5 000 
































2, 214, 034 


988, 289 




2, 108, 945 


1, 054, 599 










Total 


31, 232 


94, 502, 319 


3. 281, 526 


91, 352 


288, 693, 183 


12, 325, 678 


Summary for preceding 
years: s 
1933 


28, 725 

30, 537 
25,279 
28, 986 

31, 268 
31,091 
31. 727 
35, 110 
35, 808 
73, 350 


74, 445, 866 
82, 077, 771 
96, 661, 700 
125, 795, 609 
158, 751, 528 
158, 931, 875 
148, 473, 486 
154, 804, 655 
150,36.3,411 
205, 087, 973 


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 


81, 850 
86, 303 
65, 306 
74. 821 

82. 049 
81, 063 
77, 778 
81, 449 
74, 595 

143, 406 


257, 310, 810 
274, 908, 669 
309,351,262 
400, 674, 216 
561, 547, 753 
522, 496, 528 
451, 001, 651 
433, 776, 846 
404, 498, 337 
478, 174, 249 


8,691,835 


1932 


8, 155, 965 


1931 


6, 067, 228 


1930 . 


11,435,656 


1929 


23, 693, 045 


1928 


23, 104, 139 


1927 


16, 117, 674 


1926 


13,751,314 


1925 


13, 533, 990 


1924 


12, 593, 974 







84 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, by States and Territories and bi/ net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.) K 
Under 1 (est.).. 
1-1.5 (est.) 1 
1-1.5 (est.). 
1.5-2 (est.) 1 
1.5-2 (est.). 
2-2.5 (est.) 1 
2-2.5 (e>t.). 
2.5-3 (est.) I 
2 5-3 (est.) . 
3-3.5 (est.) I 
3-3.5 Cest.). 
3.5-4 (est.) I 
3.5-4 (est.)- 
4-4.5 (est.) 1 
4-4.5 (est.). 
4.5-5 (est.) 

4.5-5 (est.) 

5-61 

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 

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 2. 

Total 



Summary for precedins years: 

1933 t 

1932- 

1931 

1930 

1929 

1928... 

1927 

1926 . 

1925 

1924 



Delaware 



District of Columbia 



Number 
of returns 



932 

46 

1.397 

1,2G3 

845 

586 

811 

270 

908 

305 

410 

347 

157 

316 

78 

250 

41 

152 

26 

263 

210 

155 

118 

95 

74 

54 

45 

30 

33 

110 

60 

49 

41 

38 

15 

20 

9 

11 



10, 620 



9,910 

9,822 
8,284 
9,342 
9,780 
9, 592 
9,266 
9,301 
9,131 
18, 892 



Net income 



.$592. 

19 

1, 660, 

1, 607, 
1, 468, 
1. 005 
1,821, 

606, 

2, 479, 
848 

1,310 

1, 126 

584 

1, 182 

329, 

1, 067 

192, 

721 

140, 

1, 438, 

1, 368 

1, 1.54, 

1, 002, 

900, 

777 

621 

562, 

405 

475, 

1, 904 

1,323 

1, 346, 

1,411 

1, 715, 

831 

1, 302, 

671 

945 

856, 

889, 

1, 498, 

1,11.3, 

(2) 

1, 432 

2, 229, 

2. 384 

3, 565, 



Total tax 



.$363 
'7,' 188' 



10,584 
"8^788" 



7,416 
'8,'963' 



9,403 
"iLlii' 



7,287 



(2) 



55, 073, 452 



45, 536, 527 

46, 026, 220 
51,044,537 
64,91.3,288 

148, 8.50, 300 
107. 335, 477 
90, 262, 899 
70, 544, 423 
54, 897, 972 
64, 179. 747 



19, 093 

22, 209 

24, 279 

25, 719 

26, 690 
2,5, 868 

23, 855 

24, 572 
17, 738 
23, 726 

103, 548 
95, 914 
123, 801 
164, 299 
241, 641 
138, 634 
251, 530 
145, 838 
226, 181 
227, 266 
292, 713 
559, 839 
467, 733 
(2) 

661, 075 
1, 073, 403 
1, 197, 064 
1,891,418 



(2) 



1, 145, 517 



9, 312, 466 



5, 042, 284 
4, 396. 328 
2, 283, 901 
3, 927, 732 
14, 524, 946 
10, 592, 886 
7, 970, 035 
5, 100, 8,84 
2, 780, 200 
2, 432, 617 



Number 
ofreturns 



2,743 

152 

8,700 

8, 759 

5,015 

13.900 

4.972 

6.105 

6.997 

3.069 

3,067 

3,426 

969 

3,321 

279 

2,823 

104 

2,070 

51 

2. 086 

1,144 

737 

453 

348 

224 

217 

121 

117 

100 

320 

144 

95 

109 

44 

31 

20 

11 

8 

5 

13 

1 

1 



82, 871 



69, 967 
73, 501 
51, 920 
51, 044 
48, 087 
44, 183 
39, 560 
40, 024 
43, 298 
77, 836 



Net income 



.$2, 041, 086 

81, 334 

10, 694. 441 

11.987.272 

S, 597, 204 

23, 952, 739 

11,317,516 

1.3, 550, 8.33 

19, 044, 476 

8,412,663 

9, 816, 764 

11, 133, 205 

3, 560, 913 

12, 448, 153 

1, 178, 161 

11,9.37,877 

495, 935 

9, 789, 908 

279, 290 

11.351,546 

7, 395, 677 

5, 493, 426 

3, 827, 298 

3, 302, 085 

2, 343, 773 

2, 489, 376 

1, 510, 395 

1, 578, 754 

1, 447, 047 
5, 503, 341 
3,182.691 

2, 595, 241 

3, 739, 420 
1, 947, 423 
1, 656, 673 
1, 308, 325 

81.3, 741 
686, 018 
(2) 
1, 609, 047 

(2) 



824, 183 



234, 925, 250 



192, 795, 436 
213, 475, 879 
200, 628. 347 
217, 558, 448 
242, 282, 698 
227, 620, 606 
198, 938, 042 
198, 05.5, 768 
200, 353, 699 
253, 312, 253 



For footnotes see p. 105. 



STATISTICS OF IXCOME 



85 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, shounng number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



For footnotes see p. 105. 



Net income classes 


Florida 


Georgia 


(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.) ' 


2,836 

122 

3,713 

2,534 

2,952 

1,371 

3,045 

620 

3,383 

811 

1,866 

1,369 

725 

1,161 

240 

937 

140 

700 

108 

987 

696 

476 

342 

227 

173 

126 

114 

87 

82 

250 

112 

51 

73 

33 

25 

10 

14 

10 

5 

9 

3 

5 

3 

2 


$1, 738, 795 

51, 600 

4, 495, 870 

3, 209, 959 
5, 166, 321 
2, 326, 703 
6, 909, 816 

1, 382, 205 
9, 261, 332 

2, 295, 515 
5, 976, 364 
4. 462, 808 

2. 676, 222 

4, 342, 429 

1, 004, 254 

3, 978, 010 
660, 231 

3, 313. 624 
584. 417 

5, 388, 367 

4, 512, 188 
3, 563, 607 
2, 902, 044 
2, 147, 124 
1, 808, 434 
1,451,037 
1, 424, 957 
1,171,502 
1, 189, 066 
4,316,709 

2, 471, 458 
1, 389, 988 
2, 530, 304 
1, 463, 231 
1, 382, 024 

636, 959 
1, 033, 566 

845, 492 

464, 916 
1, 095. 825 

528, 593 
1, 054, 693 

853, 770 

(■■) 




2,169 

166 

5,046 

3,090 

2,859 

1,836 

2,912 

683 

5,117 

1,005 

2,766 

1,614 

887 

1,459 

301 

1,115 

84 

822 

78 

1,080 

713 

522 

342 

226 

214 

137 

106 

87 

87 

268 

119 

68 

65 

42 

13 

14 

5 

7 

4 

6 

3 


$1, 482, 676 
88. 016 
6,119,194 
3, 912. 001 
4, 947, 007 
3, 131, 855 
6, 649, 593 
1, 518, 356 

14, 002. 688 
2, 842, 136 
8, 844, 995 
5, 262, 913 

3, 297, 704 
5, 484, 523 
1, 267, 775 

4, 705, 292 
400, 518 

3,911,373 

425, 963 

5, 908, 295 

4,611,759 

3, 884. 776 

2, 892. 152 

2. 140, 379 

2, 243, 361 

1,575,171 

1, 323, 093 

1, 174, 655 

1, 256, 365 

4, 569, 490 

2, 665, 341 

1, 8.54, 031 

2, 213, 225 

1,861,041 

699, 665 

909, 997 

378, 341 

588, 794 

377, 137 

661,312 

529, 326 




Under 1 (est.) 


$1, 323 


$1, 786 


1-1.5 (est.) 1 




1-1.5 (est.) 


15, 175 


16, 667 


1 5-2 (est.) 1 


1.5-2 (est.) . -- 


23, 978 


31,365 


2-2.5 (est.)i 


2-2.5 (est.) 


19, 122 


21, 742 


2.5-3 lest.) 1 




2.5-3 (est.) 


15, 791 


18, 798 


3-3 5 (est.) 1 




3-3.5 (est.) . -- -. 


23, 883 
32,' 179" 


27, 441 


3.5-4 (est.)" 




3.5-4 (est.) 


37, 372 


4-4 5 (est ) 1 




4-4.5 (est.) 


34, 201 


38, 146 


4.5-5 (est.) 1 




4.5-5 (est.) - -- 


36, 895 


45, 110 


5-61 




5-6 


79, 528 

77, 544 

74, 930 

77, 173 

69, 270 

63, 675 

58.929 

60, 841 

56, 274 

61,487 

258, 470 

186, 359 

128, 685 

299, 560 

217, 984 

235, 240 

125, 496 

222, 271 

197, 684 

123. 942 

350, 029 

203, 409 

431, 8.53 

375, 296 

(2) 


82, 160 


6-7 


75, 204 


7-8 


78, 118 


8-9 


74, 846 


9-10 .... - 


65, 188 


10-11 


77, 778 


11 12 


63, 245 


12-13 

13-14 


56, 550 
52, 486 


14-15 .. -- . 


62, 617 


15-20 


260, 699 


20-25 


201, 254 


25-30 

30-40 

40-50 


166, 514 
249, 722 
272, 176 


50-60 

60 70 


114,956 
176,654 


70-80 


83, 196 


80 90 


141, 729 


90-100 


102. 141 




198, 974 


150-200 


209, 667 


200-250 




250-300 








300-100 








400-500 








500-750 


1 


(2) 


0) 








750-1,000 








1,000 1,500 


1 


(2) 


(0 








1,. 500-2,000 








2 000-3 000 














3,000-4,000 















4,000-5,000 














5 000 pnd over 


















2,640,225 


1, 358, 811 


















Total 


32, 550 


112, 102, 614 


5, 597, 287 


38, 137 


122, 612, 284 


3, 104, 301 






Summary for preceding 
years: ^ 

1933 

1932 

1931 

1930 

1929 


28, 775 
29, 303 
25, 340 
28, 133 
30, 040 
32, 155 
40, 080 
56, 109 
76, 213 
64, 306 


84, 718. 099 
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 


2, 671, 623 
2, 557, 631 
2, 219, 520 
2, 840. 391 
5, 936, 377 
7, 714, 261 
6, 047, 244 
10, 415. 636 
28, 857, 801 
7, 229, 272 


32, 229 
31, 730 
25, 729 
28, 996 
32,289 
32, 921 
33, 818 
36,744 
37, 410 
62, 651 


94, 892, 882 
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 


2, 062, 780 

1, 692, 089 

996, 756 

1, 659, 244 

2, 785, 942 


1928 

1927 


3, 806, 534 
3, 612, 724 


1926 


2, 888, 409 


1925 


3, 529, 883 


1924 


3, 398, 860 







86 



STATISTICS OF INCOME 



Table 9. — Individual returvsfor 1934, by States and Territories and hy net income 
classes, shoivincf number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


Hawaii 


Idaho 


(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Tinder 1 fe-st.) • _ 


1,324 

36 

1, 294 

1,125 

776 

645 

744 

237 

1,043 

325 

561 

423 

263 

437 

118 

271 

44 

214 

28 

333 

272 

1.55 

111 

64 

53 

39 

36 

20 

22 

85 

35 

27 

37 

14 

7 

10 

6 

4 

3 

9 

2 


$628, 168 
14, 036 
1, 572, 021 
1, 435, 912 
1,338,002 
1, 106, 523 

1, 661, 716 
526,113 

2, 849. 080 
913, 567 

1. 801, 725 

1, 380, 284 
977, '08 

1, 635, 960 
496, 164 

1,149,963 
211,300 

1,011,220 
153, 314 

1, 822, 499 

1. 762, 536 

1, 158, 567 
940, 602 
607, 780 
551, 156 
446,617 
448, 252 
268, 041 
319, 106 

1,459,313 
788, 777 
739, 935 

1,259,126 
612, 544 
388, 879 
655. 799 
454, 765 
332, 730 
286, 884 

1, 030. 239 
318, 396 




242 


$148, 129 




Under 1 (est.) 


$298 




1-1.5 (est.) 1 - 


1,479 

1,068 

480 

604 

355 

329 

1,333 

366 

555 

418 

201 

.341 

56 

290 

16 

194 

11 

254 

139 

62 

23 

21 

16 

19 

12 
6 
19 

5 
1 
4 
6 


1,716,306 

1, 367, 474 

838, 541 

1,013,037 

796, 332 

726, 579 

3, 624, 805 

1.021,167 

1, 777, 430 

I, 356, 279 

742, 969 

1, 285. 104 

232, 889 

1, 227. 400 

77. 056 

920. 768 

58. 183 

1. 375, 352 

899, 425 

456, 734 

19,5, 981 

199, 750 

166, 581 

216, 590 

88, 673 

161,029 

' 86,698 

323, 228 

107, 928 

(2) 

(2) 

263, 697 




1-1.5 (est.) ... 


6, 566 


$6, 321 


1.5-2 (est.) I 


1.5-2 (est.) --. 

2-2.5 (est.)' 


11,514 


10, 426 


2-2.5 (est.) 


7,476 


9,285 


2.5-3 (est.)i 


2.5-3 (est.) -. 

3-3.5 (est.)i 


6,949 


9,617 


3-3.5 (est.) ... 


6,619 


10 921 


3. ,5-4 (est.) 1 




3.5-4 (est.) 


10, 941 


13, 921 


4-4.5 (est.) 1 


4-4.5 (est.) 


9,136 


14 864 


4.5-5 (est.) I 




4.5-5 (est ) 


11,024 


13 783 


5-6' 




5-6 . ... 


26, 579 
26, 926 
21, 089 
21,278 

17, 551 

18, 277 
16.981 
17, 740 
11,621 
14, 990 
79, 494 
57, 569 
67, 097 

139, 435 
81,919 
64, 970 
124, 879 
100, 931 
81,041 
74, 969 
311,241 
115,969 


23 456 


6-7 


20 344 


7-8 


13 216 


8-9 


7 547 


9-10 . . 


7 462 


10-11 - .- 


8 ''64 


11-12 


10, 276 
4,694 
8, 125 


12-13_... 


13-14 


14-15 


5 606 


15-20 


21 671 


20-25 


8 906 


2.5-30 


(2) 


30-40 


(2) 


40-.50 


32, 239 


50-60 


60-70 








70-80 
















90-100_ 








100-1,=.0 








150-200 








200-2,50 








250-300 















300-400.... 














40O-,500 














500-750 














750-1,000 














1,000-1.500 














1,. 500-2,000 














2,00(V3.000 














3,000-4.000 














4,000-5,000 














5.000 and over... 














Classes grouped 2 










164. 777 


20, 826 














Total 


11,252 


37, 515. 719 


1, 563, 069 


8,932 


23, 636, 891 


281, 770 






Summary for preceding years: ' 
1933 


10, 835 
12. 192 
7,328 
7. 869 
8,210 
8,047 
9, 252 
9,146 
9,306 
12, 387 


34, 357, 940 
37, 277, 185 
33, 869, 092 
37, 245, 940 
43, 290, 997 
43. 349, 731 
44.618.510 
42, 950, 279 
41, 46,-), 375 
46, 395, 2S0 


1, 140, 546 

1,101,535 

815. 673 

972, 216 

1, 220, 345 

1,311,756 

1, 200, 544 

1, 006, 213 

944, 053 

1, 481. 883 


6,072 
5,788 
5,6-84 
7,852 
9,830 
9,808 
10, 673 
11,617 
12, 907 
21, 436 


14, 582, 154 
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 


130, 027 


1932... 


97 113 


1931 


46, 045 


1930 


128. 290 


1929 


184, 325 


1928 


283, 172 


1927 


''47 •'72 


1926. 


184.344 


1925 


170,912 


1924.. 


281, 008 







For footnotes see p. 105. 



STATISTICS OF INCOME 



87 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


Illinois 


Indiana 


(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.)' 


18, 217 

678 

46, 072 

21, 241 

22, 367 
29, 053 
24, 337 
12. 540 
32, 398 

7,540 

14, 475 

10, 5SS 

4,997 

11,389 

1,361 

10, 755 

553 

7,596 

351 

8,622 

5,839 

3,913 

2,792 

2,097 

1,536 

1,214 

960 

766 

680 

2,176 

1,098 

640 

707 

332 

193 

94 

66 

56 

27 

75 

28 

13 

11 

4 


$12,202,055 

.363, 427 

55, 109, 296 

28, 284, 9.50 
38, 752, 130 
50, 203, 374 
55, 345, 507 
27, 751, 527 
87, 952, 676 
20, 774, 693 

46, 275, 839 

34, 540, 674 
IS, 281, 511 
42, 768, 711 

5, 707, 754 

45, 574, 767 

2, 595, 262 

35, 932, 448 
1, 897, 886 

47, 082. 045 
37, 751, 956 

29, 229, 461 

23, 675, 802 
19, 970, 078 
16, 083, 525 
13,931,972 
11,993.723 
10, 344, 923 

9. 859, 309 
37, 478, 184 

24, 449, 922 
17,471,312 
24,413,126 
1.5, 172,011 
10,505,819 

6, 058, 538 
4, 933, 801 
4. 757, 954 
2, 564, 501 
8, 947, 173 
4, 856, 862 
2,789,311 
2, 949, 822 
(2) 




4,490 

169 

12, 049 

8,856 

5,189 

4,257 

5,350 

1,407 

7,893 

1,821 

3,191 

2,340 

1,340 

2,187 

269 

1,576 

135 

1,070 

110 

1,641 

1,048 

716 

459 

361 

277 

210 

174 

124 

117 

320 

177 

S3 

81 

49 

21 

20 

3 

9 

8 

11 

9 

2 

1 


$2, 882, 702 

79, 953 

14, 300, 838 

11,273,818 

9, 025, 587 

7, 286, 719 
12, 279, 019 

3,128,141 
21, 346. 242 

5, 152, 877 
10,118,306 

7,6.52,116 

4, 756, 092 
8, 151, 583 
1, 135, 479 
6, 681, .345 

640, 074 

5, 080, 946 

598, 398 

8, 9.50, 794 
6, 743, 543 

5, 352, 662 
3, 890, 585 
3, 417, 421 
2, 908, 174 

2, 410, 180 
2, 166, 622 
1, 668, 556 

1, 691, 363 
5, 472, 623 

3, 925, 533 

2, 244, 790 
2, 797, 796 
2, 182, 654 
1, 150, 271 
1, 300, 294 

223, 357 
766, 849 
753, .383 
1,321,995 
1, 562, 370 
467, 961 
(2) 




Under 1 (est.) 


$8, 068 


$1 713 


1-1.5 (est.)' 




1-1.5 (est.) 


176, 056 
623,"27i' 


51, 463 


1.5-2 (est.)'.- . 




1.5-2 (est.). 


82 052 


2-2.5 (est.)'.- 




2-2.5 (est.). 


455, 583 


47, 404 


2.5-3 (est.)' 




2.5-3 (est.). 


293, 074 


36, 232 


3-3.5 (est.)'. 




3-3.5 (est.) 


316, 998 


42, 641 


3.5-4 (est.)'. 




3.5-4 (est.) 


510, 023 


56, 591 


4-4,5 (est.)' 




4-4.5 (est.) 


586, 359 


61, 352 


4.5-5 (est.) ' 




4.5-5 (est.)_ 


506, 494 


57, 663 


5-6 ' -. 




5-6_._ 


691,152 
674. 107 
654, 295 
999, 912 

1, 954, 458 
601, 356 
578, 212 
54.5,619 
507,419 
515, 503 

2, 296, 279 
1, 918, 486 

1, 698, 915 
2,956,212 
2,241,047 
1,814,896 
1,198,847 
1, 091, 358 
1, 187, 391 

687, 354 

2, 901, .327 
1, 875, 510 
1, 166, 287 
1, 30.3, 319 

(2) 


128,294 


6-7 .- 


110,364 


7-8 


113, 485 


8-9 


104, 650 


9-10 


110,430 


10-11 


106, 194 


11-12_ 


99, 214 


12-13.. 


95, 380 


13 14 


75, 762 


14-15 


81, 745 


15-20 


326, 694 


20-25 


296, 530 


2.5-30 


208, 301 


30-40 


330, 176 


40-50 .- 


31.3, 492 


50-60 . 


191, 975 


60-70 


248, 899 


70-80 


51,. 558 


80-90 

90-100 ... 


192, 025 
200, 820 


100-150 


417,667 


150-200 


596. 595 


200-250 


195, 701 


250-300 


n 


300-400 




400-500 








500-750 


6 
1 

1 
1 


3, 924, 770 

(2) 
(2) 
(2) 


1, 997, 495 
(2) 

m 








750-1.000 _ . 


2 
1 


(2) 


(2) 


1,000-1.500 .. 


(2) 


1,500-2 000 




2,000-3,000 








3,000-4 000 














4.000 5 000 




























Classes grouped ^-.. 




5, 417, 547 


2, 866, 163 




3, 502, 974 


1, 848, 877 








Total 


310, 458 


1, 006, 927, 934 


40, 398, 845 


69, 623 


198, 442, 985 


6, 881, 939 






Summary for preceding 
vears: 3 
19.33 


282, 360 
286, 888 
270, 759 
327, 631 
369, 855 

373, 621 
378. 859 

374, 725 
357, 448 
652, 501 


848, 918, 593 

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 


28, 596, 559 
23, 914, 230 
22,502,323 
43, 703, 471 
86, 825, 072 
110,659,199 
73, 796, 361 
64, 213, 839 
64, 791, 507 
66, 583, 239 


61, 675 
63, 722 
54, 534 
65, 679 
76, 493 

75, 376 

76, 703 
77, 126 
80, 300 

156, 845 


161, 600, 241 
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 


3, 965, 4.54 


1932- 


3,311,606 


1931 . 


2, 540, 943 


1930 


5. 109, 577 


1929 


8, 208, 031 


1928 ... 


10, 100, 848 


1927 


8,884,047 


1926 


9, 934, 476 


1925. 


7, 508. 733 


1924 .. 


6, 655, 560 







For footnotes see p. 105. 



88 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing number of returns, net incovie and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


Iowa 




Kansas 




(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of ret urns 


Net income 


Total tax 


Under 1 (est.) ' 


5,099 

171 

8,830 

5, 573 

4,079 

2,551 

4,157 

940 

5,075 

1,093 

1,739 

1,375 

579 

1,178 

207 

1,000 

48 

687 

67 

990 

619 

433 

310 

234 

135 

125 

71 

58 

54 

170 

83 

49 

48 

16 

10 

5 

3 

1 

2 

4 


$3, 346, 726 
96, 022 

10, 460, 384 
7,111,210 
7, 128, 604 
4, 402, 494 
9,414,897 
2, 078, 023 

13, 833, 176 
3,057,751 
5,551,802 
4,471,769 
2, 145, 922 
4, 423, 460 
873, 209 

4, 243, 662 
227, 2.58 

3, 256, 647 
363, 977 

5. 382, 157 
3, 999, ISO 
3, 229, 566 
2, 63 1,. 576 
2,219,059 
1, 406, 002 
1,432,952 

926, 318 

781, 156 

780, 710 

2,911,0.59 

1, 826, 457 

1,337,071 

1, 628, 654 

686, 293 

536, 035 

316,913 

222, 286 

(2) 

(2) 

440, 806 




4,226 

110 

5,189 

3,767 

3,358 

1,962 

3,545 

653 

3,415 

912 

1,313 

1, 216 

430 

1,015 

126 

736 

82 

620 

52 

823 

575 

355 

220 

164 

133 

103 

88 

65 

53 

135 

72 

25 

39 

11 

4 

4 

3 


$2, 649, 038 
61, 233 

6, 341, 420 
4, 766, 208 
5, 846, 450 
3. 324, 736 

7. 962, 561 
1,442,217 
9, 309, 407 

2, 567, 436 
4.211,317 

3, 944, 378 
1,. 534, 973 
3. 805. 646 

538, 062 
3.107,879 

388, 371 
2, 934. 363 

280, 597 
4,497,721 
3, 704, 170 
2,661.446 
1,869,118 

1, 554, 188 
1,392.988 
1, 191, 563 
1, 099, 866 

874, 4U 
764, 274 

2, 282, 312 
1, 619, 386 

696, 218 
1, 333, 200 
502,171 
221, 340 
268, 450 




Under 1 (est.). _ 


$1, 139 


.$1, 287 


1-1 5 (est.)' 




1-1.5 (est.) - 


33, 401 


21,682- 


1..5-2 (est.) ' - . 




1.5-2 (est.) 

2-2.5 (est.)i - 


51, 933 


37, 726 


2-2.5 (est.). .- -— --- 


34, 049 


22. 659- 


2 5-3 (est.) 1 




2.5-3 fest.) 


27, 056 
32,115" 


21, 148 


3-3.5 (est.) ' 




3-3.5 (est.) 


28, 684 


3.5-4 (est.) ' . 




3.5-4 (est.) 

4-4 5 (est ) - 


37, 478 


32,410 


4-4 5 (est.) . 


45,911 


30, 647" 


4 5-5 (est.) ' 




4 5-5 (est.) - — 


44, 554 

78^802' 
67, 698 
68, 888 
71,398 
70, 074 
53,416 
55, 488 
40, 290 
36. 608 
39, 265 
172, 280 
133, 538 
126, 548 
193, 112 
93, 660 
89, 394 
60, 020 
46, 134 
(2) 

m 

131, 174 


36, 480 


5-6 1 




5-6 


69, 902 


6-7 - . -. -- 


66, 978 


7-8 — 


62, 409 


8-9 -__ 


53, 622 


9-10 


.53, 411 


10-11. - 


52. 514 


11-12 


51, 186 


12-13 


.52, 331 


13-14 - 


45, 180 


14-15 - 


40, 860' 


15-20 . . 


140, 083 


20-25 . - 


122,483 


25-30. .. .- 


65, 431 


30-40. . ... 


1.58.007 


40-50 


74, 896 


50-60 


36, 524 


60-70 - — 


50, 206 


70-80 . - 


(2) 


80-90 




90-100 

100-150 


1 


(2) 


(2) 


150-200 








200-250 














250-300 














300^00 














400-500 














500-750 














750-1,000 














1,000-1,,'iOO 














1,500-2,000 














2,000-3.000 














3,000-4,000 














4,000-5,000 
































272,912 


70, 365 




318, 746 


70, 504' 










Total 


47, 871 


119,454,155 


2,005,786 


35, 600 


91, 867, 863 


1, 499, 250- 






Summary for precediut; 
years: ^ 
1933.. .. 


40, 329 
42, 624 
29, 850 
39,917 
45, 023 
40, 789 
45, 349 
49, 476 
50, 379 
110,404 


96, 835, 681 
109,841,833 
119,218,130 
174, 965, 757 
222, 103, 300 
221, 881, 247 
190,436,0.34 
203. 015, 362 
198, 735, 930 
298, 734, 381 


1,441,695 
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 


30, 738 
29, 643 
27, 495 
32, 660 
37, 557 
32, 929 
35, 575 
32, 732 
34, 284 
84, 080 


71, 777, 244 
73, 547, 043 
91,616,462 
127,029,176 
181, 661, 364 
162, 394, 758 
157, 394, 402 
153, 673, 206 
141,511.127 
203,034,515 


1,018,001 


1932.. 


1,223,811 


1931 


880, 318 


1930 . ._ . _ ... 


1. 480, 343 


1929 


2. 547, 829 


1928.. 


2, 928, 097 


1927 


2, 240, 877 


1926 - 


2, 756, 049 


1925 

1924 


2, 222, 306 
1,918,019 







For footnotes see p. 105. 



STATISTICS OF INCOME 



89 



Table 9. — Individual returns for 1934, btj States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


Kentucky 




Louisiana 




(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.)' 


2.764 

62 

5,486 

3,111 

2,815 

2.092 

2,949 

711 

4.029 

800 

1,950 

1,071 

633 

1,077 

213 

1,005 

108 

668 

105 

954 

622 

427 

325 

228 

186 

135 

110 

91 

73 

225 

105 

69 

61 

32 

15 

7 

8 

2 

2 

4 

2 

1 


$1, 876. 596 
37, 695 
6, 551, 772 
4,032,949 
4. 895. 806 
3. 579, 936 
6.730,471 

1, 586. 309 
10, 975, 099 

2, 207, 700 
6, 253, 682 

3, 505, 759 
2, 359, 457 
4, 028, 737 

896, 702 

4, 255, 044 
509. 264 

3. 170. 025 
509, 301 

5, 210, 107 
4, 009, 558 
3,179,948 
2, 758, 230 
2,159,540 
1,943,191 
1,, 548. 121 
1.378,9.52 
1.233,500 
1,057,482 
3. 888. 145 
2. 365, 168 
1,881.344 
2. 055, 354 
1. 426, 062 

829, 404 
463, 097 
598. 297 
176. 623 
189. 387 
459. 993 

(2) 




2,732 

9 

5,231 

4,393 

1,698 

1,955 

2,504 

1, 025 

4,862 

1,057 

2,337 

1,242 

793 

1,259 

221 

1,022 

129 

815 

55 

1,201 

706 

406 

236 

166 

124 

112 

95 

43 

62 

157 

82 

62 

39 

18 

13 

2 

1 


$1, 773. 435 
6,454 
5,873,215 
5, 553, 198 
2. 971, 845 
3, 353. 188 
5. 765. 666 
2.281.862 

13, 293, 765 

2, 963, 900 
7. 478, 166 
4, 045, 453 
2,941,147 
4. 709, 262 

922, 428 

4, 334, 254 

610, 247 

3, 853, 261 
297, 566 

6, 532, 607 

4, 567, 843 
3, 023, 712 
2,009,813 
1,578,643 
1,302,473 
1,281,618 
1,184,628 

582, 525 

898, 3.53 

2, 723, 214 

1, 788, 364 

1, 694, 783 

1, 350, 866 

824, 441 

693, 400 

125,002 

(2) 




Under 1 (est.) - -- 


$507 


$152 


1-1.5 (est. "II 


1-1 5 (est.)-- - 


21, 974 


23, 550 


1.5-2 (est.) ' 


1.5-2 (est.) 


41, 577 


as, 602 


•2-2.5 (est.)i 


2-2 5 (est.) 


23, 836 


31,763 


■2.5-3 (est.)i 


2 5-3 (est.) - . -. 


22, 559 


26, 437 


3-3.5 (est.) I 


3-3.5 (est.)-- .- - 


30, 005 


37, 851 


3.5-4 (est.) I 


3.5-4 (est.)- 


32, 114 


51 797 


4-4.5 (est.) 1 




4-4.5 (est.)- 


43, 882 


55 170 


4.5-5 (est.) ' 




4.5-5 (est.) '_ 


35, 719 


58 504 


5-6' 




5-6 


71.956 
62, 482 
63, 067 
69. 447 
61,816 
61, 171 
60, 409 
58, 183 
57, 462 
47. 990 
225. 638 
188, 152 
174, 129 
230, 568 
205, 444 
141,049 
92, 947 
133, 162 
45, 495 
54, 758 
146, 748 

(2) 


112,021 
99 956 


6-7 


7-8 - 


87 242 


8-9 


73 443 


9-10 .. 


64 429 


10-11 


55, 938 


11-12 


60,221 


12-13 


57, 949 


13-14 


32, 056 


14-15 


50, 506 


1.5-20 


188,716 


20-25 - .-. . . 


149,388 


25-30 --- 


169,424 


30^0 . 


166, 149 


40-50 


131,312 


50-60 


115, ,=i04 


60-70 -- 


23, 8C9 


70-80 


(2) 


80-90 




DO-lOO 


2 
3 
2 


398, 131 
317, 334 


(■) 


100-150 - . 


137,467 


150-200 


127, 266 


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 an(l over 














Classes grouped ^ 




555, 848 


222, 516 




262, 217 


70, 190 










Total 


35. 333 


107, 389, 715 


2, 726, 762 


36, 871 


106, 168, 279 


2, 296, 812 






Summary for preceding 
years; 5 


32. 332 
32, 454 
26,991 
31,021 
34, 623 
35, 367 
33,004 
32, 821 
37,315 
72,119 


90, 7.53, 614 
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 


2, 024, 772 
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 


33, 094 
33, 974 
28, 934 
32, 979 
35, 093 
36, 981 
37, 293 
38, 996 
40, 695 
67, 658 


86, 809, 253 
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 


1,497,560 


1932 


1,423,510 


1931 


891,912 


1930 - -- 


1,599,639 


1929 

1928 . 


2, 859, £68 
4, 380, 028 


1927 

1926 

1925- 


3, 174, 839 
3, 311,, =35 
3,850,206 


1924 - -. 


3,528,511 







For footnotes see p. 105. 



90 



STATISTICS OF IXCOME 



Tahle 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Coutinued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.) '. 
Under 1 (est.).. 
1-1.5 (est.) 1.... 

U1.5 (est.) 

1.5-2 (est.) ' 

1.5-2 (est.) 

2-2.5 (est.) 1...- 

2-2.5 (est.) 

2.5-3 (est.) • 

2.5-3 (est.) 

3-3.5 (est.) 1...- 

3-3.5 (est.) 

3.5-4 (est.) 1 

3.5-4 (est.) 

4-4.5 (est.) U... 

4-4.5 (est.) 

4.5-5 (est.) ' 

4.5-5 (est.) 

5-61. .- 

5-6 

6-7 



8-9 

9-10 

10-11. 

11-12 

12-13 

1.3-14 

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 

4.00O-5.OO0 

5.000 and over 

Classes grouped 2. 

Total 



Maine 



Number 
of 

returns 



Net income 



Summary for preceding 
years: s 

1933 

1932 

1931 

1930 

1929 

1928 

1927 

1926 

1925 

1924 



1,696 

102 

3.306 

2,212 

1,314 

1,215 

1, 568 

524 

2,099 

508 

944 

749 

366 

586 

132 

512 

72 

418 

54 

599 

398 

255 

189 

119 

75 

71 

61 

62 

44 

140 

61 

30 

52 

21 



20,584 



19. 435 
20,867 
16, 218 
17,829 
19. 173 
18.611 
IS. 710 
19. 709 
19. 444 
42.254 



$1, 089, 855 
54. 124 
3, 964. 9S9 
2,815.890 
2,286,213 

2, 084, 449 

3, 564. 991 
1, 156, 389 
5, 724, 936 
1,425.038 
3, 024, 144 
2, 42S. 253 
1, 349, 705 
2, 186, 085 

558, 339 

2, 177, 532 

343, 610 

1. 985, 040 

202, 212 

3, 2.59. 485 

2, 570, 571 

1,901.609 

1,60,3.073 

1. 132, 646 

787, 021 

812. 932 

763. 70S 

832. 651 

636, 181 

2. 396, 774 

1. 340. 623 

821, 035 

1. 763, 626 

933, 000 

427, 747 

511,895 

225, 60S 

m 
(2) 

594, 193 



1, 378, 412 



63, 204, 584 



55, 819, 385 
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 



Total tax 



$759 



12, 978 



22, 298 



16, 607 



11,517 
" 16," 891" 



17, 356 



23, 572 



Maryland 



Number 

of 
returns 



23,130 



50. 746 
41.875 
44. 605 
44, 694 
38.612 
30. 434 
31,805 
33, 143 
38. 493 
31. 270 
139, 553 
102, 725 
78, 319 
202, 447 
131, 200 
73, 166 
100. 181 
52, 725 

(') 
188.064 



608, 765 



2, 207, 930 



1. 865, 414 
1. 597, 284 

1, 527, 436 
1, 827, 849 

3. 561. 764 

4. 262. 498 
3.300,741 
3.419,490 

2. 718. 658 
2, 568, 353 



5,694 

212 

10. 926 

5.403 

5,332 

6,894 

6,196 

3.119 

9,597 

2,084 

4,775 

3,101 

1,562 

3,087 

560 

3,237 

231 

2.441 

169 

2, 708 

1,707 

1.133 

738 

590 

457 

320 

243 

200 

192 

570 

289 

181 

183 

107 

60 

25 

21 

10 



Net income 



84,395 



76. 409 
83.223 
60. 898 
68, 426 
68,654 
65. 258 
65. 099 
67. 160 
66, 152 
126, 226 



$3, 666, 590 

116,895 

13. 004, 868 

7, 235, 793 

9, 314, 905 
11,915,656 
14. 168, 487 

6. 947, 225 
26, 156, 874 

5. 741, 803 
15. 398, 078 
10.141,661 

5, 739. 43S 
11,569,174 

2. 350, 890 

13. 749. 174 
1. 100, 648 

11,539.351 
917.290 

14, 737, 622 
11,029.189 

8, 460, 862 

6, 255, ,593 

5, 578. 518 
4. 7S9, 089 
3.670,431 

3. 0.36, 390 
2. 699, 042 

2, 788, 163 
9. 812. 999 

6, 441. 573 
4. 969, 151 
6. 315. 460 

4. 752. 641 

3, 274. 102 
1.624.079 
1,558,365 I 

838.083 I 

666, 910 

1. 960, 896 

1, 014. 134 

692. 593 

556, 781 

624, 301 

1, 224, 6.52 



2, 477, 752 



244, 613, 015 
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 



For footnotes see p. 105. 



STATISTICS OF INCOME 



91 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, shelving number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.) L 
Under 1 (est.),. 
1-1.5 (est.) 
1-1.5 (est.). 
1.5-2 (est.) 
1.5-2 (est.). 
2-2.5 (est.) 
2-2.5 (est.). 
2.5-3 (est.) 
2.5-3 (e.st.). 
3-3.5 (est.) 
3-3.5 (est.). 
3.5-4 (est.) 
3.5-4 (est.). 
4-4.5 (est.) 
4-4.5 (est.). 
4.5-5 fest.) 
4..5-5 (est.). 

5-6' 

5-6 

6-7 



8-9 

9-10 

10-11 

11-12 

12-13 

13-14 

14-15 

15-20 

20-25 

25-30 

30-40 

40-50 

50-60 

60-70 

70-80 

80-90 

90-100 

100-l.TO 

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 



Summary for preceding 
years: s 

1933 

1932 

1931.. 

1930 

1929 

1928 

1927 

1926 

1925 

1924 



Massaehiisetts 



Number 

of 
returns 



20, 436 
812 

42, 489 
21, 059 
20,262 

18, 264 

19, 583 
8,746 

21, 640 
6,071 
9, 503 
7,291 
3,844 
6,140 
1,281 
5,431 

685 

4,219 

436 

5,571 

4,093 

2,764 

1,971 

1,479 

1,214 

950 

786 

642 

534 

1,734 

908 

509 

597 

330 

171 

91 

58 

41 

15 

51 

17 

5 

2 

2 



242. 728 



231, 960 
249, 766 
193, 504 
202, 253 
213,316 
215,559 
214,356 
224, 042 
221, 5.30 
378, 049 



Net income 



$13, 454, .520 
412,080 
50, 601, 026 
27, 404, 533 
35, 269, .500 
31,442,799 
44, 362, 513 
19, 401, 226 
58, 820, 078 
16, 793, 212 
30, 416, 257 
23. 652. 119 
14,219,025 
23,012,011 

5, 410, 469 
23, 070, 691 

3,245,111 

19. 999. 873 

2. 374, 318 
30, 444, 578 
26, 465, 713 

20, 664, 039 
16,703,804 
14, 008, 121 
12, 723, 799 
10, 890, 599 

9, 800, 468 

8, 65S, 747 
7, 737, 157 

29, 860, 992 
20, 227, 210 
13,871,914 
20, 479, 664 
14, 688, 056 

9, 263, 164 
5,831,338 
4.3.37,512 

3, 465, 175 
1.429.166 
6.112.931 
2, 935. 163 
1,112,213 

572, 331 



m 



1, 393, 646 



682, 
735, 
800. 
1,010. 
1,371, 
1. 357, 
1, 189, 
1, 147, 
1, 132, 
1,320, 



666, 696 
390, 899 
923, 1,53 
333. 740 

651. 741 
076. 374 
273, 214 
576, 498 
289, 870 
156,959 



Total tax 



$8, 146 
"i46,'24i" 



354, 989 
"291 ,"776" 



212, 344 
'207,' 762" 

'21 5," 288' 



242, 609 



252,011 



420, 497 
439, 167 
444, 582 
44s, 588 
443, 078 
451, 172 
426, 887 
420. 154 
404. 042 
381,991 
1,741,-306 
1, 514, 205 

1, 304, 822 
2, 378, 407 

2, 103. 198 
1, 546, 644 
1,131,654 

946, 071 

855, 355 

.391.089 

1.957.326 

1.125.616 

466. 389 

253, 519 

(2) 



m 



703, 297 



19, 763. 997 
1,5,619. 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 



Number 

of 
returns 



13, 504 
164 
19, 603 
8,029 
11,443 

12, 356 
11, 806 

5, 104 

13, 879 
2,998 
7,172 
4, 256 
2,425 
4,727 

715 

4,472 

328 

3,896 

200 

3,236 

2,143 

1,449 

969 

774 

548 

420 

335 

276 

228 

725 

384 

212 

215 

115 

70 

34 

20 

26 

15 

24 

11 

14 

5 

1 

1 



139, 329 



112,053 

127,515 
119, 623 
147, 364 
177,918 
179,886 
175, 806 
176, 804 
188, 669 
323, 733 



Michigan 



Net income 



$8, 945, 329 

95, 886 

23, 649, 036 

10.901,677 

19, 954, 369 

21,271,737 

26,739,511 

11,254,004 

37, 885, £24 

8, 248, 770 

22, 947, 926 

13, 854, 801 

8. 943. 0S6 

17,726,221 

3, 004. 258 

18, 953, 098 

1, £60, 840 

18, 462, 983 

1,081,475 

17,693,212 

13,849,110 

10,816,279 

8, 220, 429 

7, 346, 525 

5, 737, 739 

4, 823, 053 

4, 187, 997 

3. 725, 517 

3, 297, 354 

12, 452, 756 

8,512,731 

5, 794, 330 

7, 323, 470 

5, 109, 746 

3,820, 119 

2,165,637 

1.486,530 

2, 199, 153 

1,433,537 

2, 892. 787 

2, 004, 397 

2, 993, 279 

m 
(2) 
(2) 



(2) 



(2) 



5, 203, 155 



418, 569, 373 



$1, 729 


72, 178 


261, 104 


186, 438 


128, 619 


140, 689 


169, 267 


194, 708 


217, 778 



293. 

349, 

481. 

668. 

1, 029, 

1, 066. 

9.50, 

805, 

910, 

1, 045, 



131,080 
800,109 
017,650 
391,038 
756, 680 
529, 992 
085, 831 
814. 790 
910,113 
850, 046 



For footnotes see p. 105. 



92 



STATISTICS OF INCOME 



Table 9. — rndimdual returns for 19S4, by States and Territories and by net income 
classes, shoirijjg niniiber of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



ISIinnesota 



Number 

of 
returns 



Net income Total tax 



Mississippi 



Number 

of 
returns 



Net income 



Under 1 (est.) '- 
Under 1 (est.).. 

1-1.5 (est.) ' 

1-1.5 (est.) 

1.5-2 (est.) ' 

1.5-2 (est.) 

2-2.5 (est.) 1 

2-2.5 (est.) 

2.5-3 (est.) 1 

2.6-3 (est.) 

3-3.5 (est.) 1 

3-3.5 (est.) 

3.5-i (est.) ' 

3.5-4 (est.) 

4-4.5 (est.) 1 

4-4.5 (est.) 

4.5-5 (est.) ' 

4.5-5 (est.) 

5-6' 

5-6 

6-7 

7-S 



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-SO 

80-90 

90-100 

100-150 

150-200 

200-250 

250-300 

300-400 

400-500 

500-750 

750-1,000 

1.0OO-1.500 

1.500-2,000 

2,000-3.000 

3,000-4.00!"> 

4,000-5.000 

5,000 and over.-- 
Classes grouped ■ 

Total 



5,283 

206 

9,552 

9,667 

4,846 

4,076 

6.018 

1,438 

7.205 

1,568 

2,955 

1,880 

1,215 

1.648 

479 

1,423 

139 

931 

99 

1,716 

1,178 

804 

478 

432 

325 

228 

208 

167 

115 

411 

210 

123 

131 

56 

32 

17 

6 



$3, 553, 037 

91, 059 

11,370,539 

12, 290, 334 
8, 467, 534 
6, 950, 008 

13, 747, 412 
3, 186, 968 

19, 583, 017 
4, 402, 263 
9. 472. 940 

6. 108. 472 
4, 512. 230 
6, 184, 601 
2, 008, 489 
6,021,522 

656. 170 
4, 405. 079 

537, 104 
9, 403. 257 

7, 602, 179 
6,011.959 
4, 044. 449 
4. 095, 762 
3. 405, 630 
2, 616, 151 
2, 587, 570 
2. 251. 251 
1. 665. 432 
7, 106, 519 
4. 652, 785 
3,368,154 
4, 549, 513 
2, 4«5, 297 
1. 735, 780 
1, 105. 767 

443. 665 
685,632 
772, 267 
1, 563, 935 
(2) 
(') 



$1, 962 
54," 300 
'77,'2si 



49. 199 



37, 026 



40, 060 



45,205 



59, 017 



48,180 



133. 570 
126, 060 
128, 498 
107, 666 
130, 292 
120, 791 
105, 894 
112,302 
103. 828 

82, 987 
414, 493 
340, 814 
317,348 
527. 966 
354. a37 
293, 546 
219, 168 

94. 842 
170. 380 
204.455 
493. 091 

(2) 

(^') 



1,654 

30 

1,758 

866 

1,446 

557 

1,369 

190 

1,267 

297 

580 

330 

214 

317 

61 

259 

21 

220 

13 

287 

184 

156 

99 

63 

49 

48 

33 

22 

18 

46 

30 

12 

7 

3 

1 



$982, 482 

16, 147 

2, 130, 401 

1, 095, 462 

2, 529, 326 
963, 182 

3, 100, 914 
424, 292 

3. 437. 375 

837, 043 

1, 859, 201 

1, 071, 856 

789, 405 

1,191,610 

256, 009 

1, 104, 852 

95, 480 

1, 051, 220 

70, 179 

1,578,931 

1, 189, 378 

1, 158, 875 

829, 70S 

593, 749 

513, 701 

552. 897 

409, 277 

296,179 

261, 267 

792, 131 

653, 476 

319, 499 

245, 918 

(2) 

(2) 



$505 


8,944 
i4,'776 


8,272 


8,616 


8,737 


11. 320 


10,831 


17,249 



Summary for 
veirs: ' 

1933 

1932 

1931 

1930..-. 

1929 

1928 

1927 

1926 

1925 

1924 



preceding 



643,504 



262, 737 



176, 310 



67,297 



196. 345. 236 



5, 257. 595 



12, 507 



32. 578, 332 



59, 803 
61, 810 
52,853 
57,539 

60, 701 
60, 752 

61, 439 
64, 227 
71.291 

128. 237 



163, 750, 734 
173, 772, 099 
213, 530. 771 
266, 572, 313 
337, 880. 743 
340. 152, 949 

295, 670, 416 

296, 414. 2tH 
305. 945, 206 
375. 58S. 940 



3, 817, 982 
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 



10.868 
10,548 
9.888 
12, 147 
15,689 
16. 140 
16,964 
17. 196 
16,985 
27. 213 



24, 020, 766 
21,581,610 
27. 146, 285 
40, 556, 389 
63, 922, 168 
64, 689. 480 
64, 878. 684 
64. 859. 892 
73, 750, 950 
82. 652. 945 



For footnotes see p. 105. 



STATISTICS OF INCOME 



93 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing nuviber of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.)»-- 

Under 1 (est.) 

1-1.5 (est.)i 

1-1.5 (est.) 

1.5-2 (est.)i 

1.5-2 (est.) 

2-2.5 (est.)' 

2-2.5 (est.)... 

2.5-3 (est.)i.. 

2.5-3 (est.) 

3-3.5 (est.)i 

3-3.5 (est.) 

3.5-4 (est.)i 

3.5-4 (est.)., 

4H1.5 (est.)i 

4-4.5 (est.) 

4.5-5 (est.)i 

4.5-5 (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... 

200-2->0 

250-300 

300^00 

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 



Missouri 



Number 
of returns 



5,659 

205 

16,315 

10, 321 

8,062 

6,198 

7,758 

2,437 

11, 167 

2,340 

4,468 

3.068 

1,424 

2,840 

565 

2,222 

286 

1,776 

164 

2,664 

1,788 

1,280 

941 

634 

512 

417 

362 

249 

242 

664 

383 

229 

220 

107 

61 

34 

16 

13 

8 

17 

3 

3 

2 

1 



Net income 



$3, 774, 547 

116,050 

19, 377, 876 

13, 293, 810 
13, 967, 296 
10, 663, 939 
17, 509, 190 

5, 399, 870 
30, 253, 148 

6, 561, 068 

14, 284, 453 
10, 009, 236 

5, 260, 682 
10, 636, 061 
2, 385, 735 
9, 422, 386 
1, 342, 339 

8, 431, 808 
896, 769 

14, 559, 198 
11,564,171 

9, 568, 766 
7, 973, 378 
6, 020, 551 
5, 367, 746 
4, 796, 971 
4, 518, 371 

3, 357. 593 
3,509,111 

11,384,114 
8, 506, 943 
6, 257, 627 

7, 573, 070 

4, 780, 798 
3. 320, 298 
2, 182, 130 
1, 209, 219 
1, 094, 251 

765, 297 
2, 015, 0S3 
528, 438 
726, 550 
(2) 
(2) 



Total ta.x 



$2, 628 
"67," 326" 
126,' 826" 



85, 419 



59, 698 



72, 861 



84, 832 
'92,'925" 



97, 343 



209, 775 
192, 765 
203, 504 
209, 884 
194, 266 
193,211 
192, 792 
192, 941 
151,048 
173, ,542 
664, 342 
665, 523 
592, 839 
884, 797 
6?5, 739 
563,311 
419, 142 
262, 534 
267, 065 
206, 698 
631,428 
20.5, 177 
309, 549 

(2) 

(2) 



Montana 



Number 
of returns 



438 

11 

2.112 

1,671 

1,135 

1,677 

951 

691 

2,814 

489 

1,065 

509 

435 

552 

144 

464 

43 

413 

28 

382 

258 

157 

91 

68 

46 

29 

24 

19 

15 

43 

21 

7 

10 

4 

5 

1 

1 

2 



Net income 



$279, 590 

9,211 

2, 511, 924 

2, 207, 624 
1, 983, 041 
2, 885, 299 
2, 145, 271 

1, 534, 272 
7, 647, 997 
1, 363, 287 

3, 397, 943 
1,664,100 
1,614,010 

2, 082, 338 
608, 202 

1, 966, 066 
207, 292 
1, 923, 380 
152, 797 
2, 082, 426 
1, 661, 447 
1,171,878 
774, 224 
646, 105 
4';2, 378 
332,810 
301, 139 
255, 405 
217, 081 
745, 066 
468, 70S 
196. 008 
327, 378 
177,998 
260, 809 
(2) 
(*) 
(2) 



875, 455 



391,927 



309, 926 



?, 125 



306, 041, 392 



9, 353, 651 



16, 825 



46, 594, 430 



Summary 
years: ^ 
1933... 
1932... 
1931... 
1930... 
1929... 
1928... 
1927... 
1926... 
1925... 
1924— 



for preceding 



93, 308 
95, 808 
80, 356 
85, 507 
98, 367 
99, 295 
96, 407 
99, 509 
109, 059 
186, 784 



271, 748, 278 
290, 701, 858 
331, 482, 726 
419, 018, 187 
558, 127, 649 
563, 951, 5.53 
501, 495, 130 
512.801,163 
533, 8.36, 188 
632, 532, 962 



6, 848, 926 
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 



11,511 
10, 087 
9,722 
11, 635 
17,067 
17,112 

18, 651 
16, 191 

19, 239 
44,011 



29, 877. 422 
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 



For footnotes see p. 105. 



88019—36 



94 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showinq number of returtis, net income and total tax; also totals for -pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.)'.... 

Under l(est.) 

1-1.5 (est.)'.. 

I-l.S (est.) 

1.5-2 (est.)i 

1.5-2 (est.) 

2-2.5 (est.)' 

2-2.5 (est.) 

2.5-3 (est.)'... 

2.5-3 (est.).. 

3-3.5 (est.)' 

3-3.5 (est.) 

3.5-^ (est.)' 

3.5-4 (est.) 

4-4.5 (est.)i 

4-1.5 (est.)... 

4.5-5 (est.)'.. 

4.5-5 (est.) 

6-6' 

6-6 -.-. 

6-7 

7-« 

8-9 

9-10 

10-11 

11-12 

12-13 

13-14 

14-15 

15-20 

20-'25- 

25-30, 

30-40 

40-50- 

80-60 

60-70 

70-80... 

80-90... 

90-100. 

100-150.. 

150-200 

200-250 

250-31X) 

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 

4.0tX)-5.000 , 

5.000 and over 

Classes grouped *. 

Total 



Nebraska 



Number 
ofreturns 



2,090 

3.747 

2, G66 

2,060 

1,716 

2, 216 

711 

3.076 

583 

1,372 

918 

45S 

901 

12S 

735 

50 

519 

41 

780 

537 

313 

220 

166 

120 

101 

78 

54 

49 

145 

55 

40 

32 

19 

4 

3 

1 



Net income 



$1, 372, 

40, 

4,517, 

3, 466, 

3, 567, 

2, 942. 
5, 048, 
1,571, 
8,404, 
1, 628, 

4, 389. 
2, 990, 

1. 702. 

3, 383, 
549. 

3, 126, 
234, 

2, 462, 
225, 

4, 265. 
3,476, 
2, 342, 
1, 858, 
1, .573. 
1. 255, 
1, 161, 

973, 

731, 

707, 

2,517, 

1,215, 

1, 093, 

1, 101, 

859, 

218, 

(2) 

(2) 



Total tax 



$945 

"is," 393' 



34,617 
"24,594' 



14, 565 



20, 678 



27, 782 



28,681 



29,295 



62, 438 
63, 334 
54, 152 
53, 179 
53, 689 
46,410 
48, 803 
41,933 
35, 933 
37,482 
184, 758 
95, 689 
109, 762 
136, 340 
124, 345 
38, 481 
(2) 
(2) 



Nevada 



Number 
ofreturns 



249 

4 
639 
724 
429 
519 
433 
198 
491 
161 
187 
230 

45 
247 

25 
162 

15 
133 

158 

91 

28 

28 

18 

17 

11 

7 

12 

3 

15 

14 

4 

5 

5 

1 

1 



Net income 



$150, 839 
2. 193 
753, 559 
924, 082 
750, 787 
892, 427 
980, 326 
437, 876 
1, 331, 943 
448, 464 
594, 490 
751,964 
164, 379 
922, 053 
105, 750 
687. 869 

68, 899 
633, 764 

38, 792 
866, 944 
589, 471 
209, 871 
236,045 
172, 998 
177, 598 
126, 723 

88,278 
162, 706 

42, 376 
259, 060 
310, 935 
108, 561 
176, 888 
230, 178 

(2) 
(=) 



(«) 



260, 111 



52. 696 



837, 893 



26,781 



1, 438. 974 



5,321 



15, 236, 981 



Summiiry 
years: ' 
1933... 
1932... 
1931... 
1930... 
1929... 
1928... 
1927... 
1926— 
1925... 
1924... 



for preceding 



24,939 
25, 503 
23, 940 
27, 271 
30, 962 
31,426 
32. 170 
33. 532 
35, 661 
66, 512 



65, 022. 543 
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 



1, 133, 297 
970, S'^-.S 
723, 426 
1,381.310 
1.919.473 
2, 109, 341 
1, 427, 747 
1,381,307 
1, 732. ,535 
1, 848, 121 



3.692 
4. 102 
3,431 
4,006 
5,174 
4,477 
4,702 
4,797 
6,164 
10,664 



9,772.417 
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 



For footnotes see p. 105. 



STATISTICS OF INCOME 



95 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.)'- 
Under 1 (est.).. 

1-1.5 (est.)i 

1-1.5 (est.) 

1.5-2 (est.)' 

1.5-2 (est.) 

2-2.5 (est.)i 

2-2.5 (est.) 

2.5-3 (est.)' 

2.5-3 (est.) 

3-3.5 (est.)i 

3-3.5 (est.) 

3.5-4 (est.)' 

3.5-4 rest.) 

4-4.5 (est.)' 

4-4.5 (est.) 

4.5-5 (est.)i 

4.5-5 (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 '. 

Total 



New Hampshire 



Number 
of returns 



1,445 

66 

2,816 

2,157 

1,380 

943 

1,166 

336 

1,581 

437 

668 

520 

316 

482 

1.53 

338 

73 

269 

50 

408 

284 

194 

141 

102 

61 

55 

47 

37 

41 

87 

43 

16 

35 

15 

9 

2 

3 

1 



Net income 



$985, 742 
35, 698 

3, 352, 291 
2, 737, 602 
2, 400, 606 
1.617,361 
2, 651, 326 

744, 531 

4, 320, 232 
1, 234, 456 
2, 158, 080 
1,701,215 
1, 1.58, 463 
1, 799. 581 

635, 209 

1, 440, 040 

346, 251 

1, 270, 207 
271,701 

2, 223, 366 
1,838,286 
1,44.5,213 
1, 193, 079 

964 892 
639. 565 
633, 032 
587,212 
499, 521 
594, 520 

1. 488, 270 
970, 249 
448, 571 

1, 217, 134 
671,963 
498, 430 
121,564 
223, 134 



Total tax 



$580 
"ii,'740" 



17, 272 



11,016 



8,557 



10, 206 



14, 280 



12,930 



14, 406 



534, 428 

m 



30, 003 

29, 592 

30, 757 
32, 280 
29,118 
22, 346 
24,648 
23,154 
22, 218 
27,837 
88, 843 
70, 071 
42, 307 

147, 790 
95, 014 
85, 034 
21, 859 
46. 417 



New Jersey 



Number 
of returns 



157, 921 



12, 058 
503 

30, 698 

13, 035 
17,284 
15, 842 
16, 910 

7,461 

23, 682 

4,968 

11. 194 

6,745 

4,238 

8,530 

1,403 

7,578 

557 

5,711 

359 

5,709 

3,956 

2,608 

1,783 

1,289 

986 

755 

603 

525 

408 

1,368 

656 

364 

380 

181 

107 

66 

42 

33 

18 

49 

15 



Net income 



$7, 972, 153 
282, 193 
36, 883, 786 
17, 407, 800 
29, 745, 944 
27, 220, 832 
38, 343, 401 
16, .537,829 
64, 522, 493 
13, 696, 195 
3.5, 877, 918 
22, 052, 898 
15,639,306 
31,914,355 
5,897,133 
32, 142, 363 
2, 631, 833 
27, 021, 271 
1, 946, 946 
31,210.112 
25, 603, 189 
19, 496, 954 
15, 103, 755 
12, 209, 230 
10, 328, 121 
8, 655, 278 
7, 537, 006 
7 081,048 
5,915,543 
23, 387. 481 
14,622,709 
9,918,700 
13,168,849 
7. 977. 646 
5. 857, 518 
4, 264. 417 
3, 135. 070 
2, 792, 865 
1. 702, 855 
5. 959, 807 
2,574,212 
1,797,181 
1,651,309 

m 



1, 814, 034 
5, 001, 743 



(0 



614, 402 



220, 296 



9. 562, 092 



16, 785 



48, 267, 423 



686, 065. 373 



Summary 
years: 3 
1933... 
1932... 
1931... 
1930... 
1929... 
1928.-. 
1927... 
1926-.- 
1925... 
1924... 



for preceding 



15, 45S 
15, 738 
12, 477 
13, 927 
14,341 
14, 132 
14 484 
15,276 
16,413 
31, 532 



41, 555, .501 
43, 854, 575 
49, 243, 306 
60,014,739 
74, .306, 9 13 
72. 610, 266 
70, 560. 949 
66.743,817 
70,117,771 
94. 132, 914 



833, 674 

746, 847 

563, 289 

952, 064 

1,7.34,828 

1,991,854 

1. 824, 931 

1, 201, 298 

1,218,822 

1, 377, 393 



202, 190 
217,812 
178, 754 
187, 943 

195, 772 

196, 681 
195, 467 
176, 320 
150,874 
299, 904 



618,361,894 

689, 687, 207 

78.5, 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 



For footnotes see p. 105. 



96 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, ^V States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net Income classes 
(Thousands of dollars) 


New Mexico 


New York 


Number 
of re- 
turns 


Net in- 
come 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est )' 


724 

3 

880 

743 

553 

572 

652 

231 

914 

2.57 

379 

294 

132 

253 

36 

251 

9 

175 

9 

195 

129 

76 

52 

42 

21 

9 

8 

7 

7 

19 

3 

2 

5 

4 

1 


$470, 860 

1,419 

1, 040, 577 

965, 180 

967, 557 

966. 753 

1, 492. 273 
524,011 

2, 472, 341 
716,355 

1, 204, 937 
953, 692 
486, 624 
949, 108 
1.53, 120 
1, 063. 2S6 

42 892 
830 334 

48 989 
1, 057. 730 
833. 906 
568 074 
440 206 
399. 429 
219.772 
102. 748 

99. 182 

92. 800 
100. 199 
317, 756 

67, 742 

(2) 

169, 1,58 
179, 869 
(2) 




62, 488 
2,297 
127, 596 
78, 197 
54,819 
52, 993 
60, 961 

23, 396 
84, 137 
19, 462 
39, 522 

24, 7C3 
14,888 
24, 544 

4,427 

20. 740 

1,878 

15, 984 

1,126 

21, 120 

14.717 

10. 186 

7.206 

5,641 

4.360 

3.560 

2,924 

2.424 

2.110 

6,771 

3.741 

2.292 

2,500 

1,361 

756 

510 

334 

251 

180 

348 

141 

73 

46 

40 

18 

24 

11 

9 

2 

2 

1 


$43, 514, 175 
1,245,826 

151, 747, 663 

100, 907, 907 
94, 864, 047 
90, 907, 793 

1.38, 598, 044 
51,864,743 

229, 1 12, 639 
53, 974, 570 

126, 503, 721 
80, 428, 560 
54, 975, 160 
92,061.971 
18. 629. 030 
87. 983, 375 

8, 873, 441 

75, 754, 199 
6, 105, 422 

115.488.699 
9.5,215.189 

76, 084, 399 
61. 0.54, 792 
53, 483, 616 
4.5.719. 110 

40. 883, 378 
36. 489, 529 
32,681.362 
30, 582, 228 

116. 523. .399 
83, 339. 235 
62.519,930 
85, 800, 888 
60, 704, 798 
41,181,121 
33, 056. 232 
24, 947, 699 
21, 309, 928 
16, 978. 652 

41, 675. 908 
24,117,057 
16,351,666 
12,646,914 

13, 677, 607 
7, 995, 925 

14, 408, 090 

9, 569, 046 
9, 797, 000 
3, 688, 256 

(2) 

(2) 




Under 1 (est.) 


$12 


$23, 230 






1-1 5 (est.) 


5,076 


543, 273 






1 5-2 (est.) 


10,715 


1,088,863 


9 9"; Coat 11 




2-2 5 (est.) 


7,321 


849, 125 






2 5-3 (est.) 


7, 352 


687, 908 


■? "< 'i Cpist 'll 




3-3 5 (est.) 


8,419 


726, 427 






3 5-1 (est.) 


10, 659 


824, 087 


d d "i Cp<!t 11 




4-4 5 (est.) 


14, 900 


869, 670 






4 5-5 (est.) 


12, 009 


899, 388 


5-6 ' 




5-6 


18, 466 

20. 5.50 

16 258 

16, 069 

16.819 

8,293 

3.812 

5.425 

4.061 

6.402 

21.685 

5,409 

(2) 

18, 249 
24, 605 
(2) 


1,703,067 


6-7 --- 


1, 967, 256 


7-8 


1,706,676 


8-9 


1, 689, 965 


9-10 . . -. 


1, 761, 160 


10-11 


1,694,273 


11-12 


1, 689, 343 


12-13 


1, 662, 025 


13-14 - 


1, 587, 526 


14-15 


1, 574, 027 


15-20 


7,1,52,025 




6, 533, 468 


25-30 


6, 079, 736 


30-40 


10,313,472 


40-50 - 


9, 014, 863 




7,129,518 


60 70 


6, 609, 479 


•jr 80 








5, 636, 622 


80 90 








5, 326, 582 


90 100 








4, 612, 962 


100 150 








13, 609, 932 


150 200 








9, 392, 548 


200 250 








6, 984, 864 










5,641,304 


300-400 








6,416,207 


403 500 








3,951,523 


590 750 








7, 286, 312 










5,101,068 


1 000 1 500 








5, 288, 767 


1 500 2 000 








2,109,289 


2 000-3 000 








(2) 










(2) 


4 000 5 000 


















1 


(2) 

15, 696, 845 


(2) 


■Classes grouped 2 




109, 001 


15,001 


9,051,901 






Total 


7,647 


20, 107, 880 


277, 567 


807, 818 


2,811,720,784 


166, 789, 731 


Summary for preceding 
1933 -- 


5,577 
5,574 
5.389 
6,288 
6,874 
6,686 
6,462 
6,513 
7,203 
11, 595 


14, 268. 551 
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 


165,971 
178, 605 
117,336 

222, 459 
299, 882 
464, 430 
283, 403 
227, 471 
178,762 

223, 842 


748, 054 
798, 685 
634, 057 
711,566 
757, 835 
780,418 
766 974 
753, 044 
751,941 
1, 215, 640 


2, 598, 890, 660 
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 


137, 414, 061 




109, 593, 059 


1931 


77, 975, 788 




163, 508, 893 


1929 


396, 687, 348 




451,606,998 


1927 


305, 210, 059 




247, 164, 324 


1925 


252.157,834 




236, 774, 567 







For footnotes see p. 105. 



STATISTICS OF INCOME 



97 



Table 9. — Individual returns for 1934, by States and Territories and hy net income 
classes, shoiving number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



North Carolina 



Number 
of re- 
turns 



Net income 



Total tax 



North Dakota 



Number 
of re- 
turns 



Net income 



Under 1 (est.)'--. 

Under 1 (est.) 

1-1.5 (est.)i 

1-1.5 (est.) 

1.5-2 (est.)i 

1.5-2 (est.) 

2-2.5 (est.)i , 

2-2.5 (est.) -.. 

2.5-3 (est.)i 

2.5-3 (est.) 

3-3.5 (est.)' 

3-3.5 (est.) -. 

3.5-4 (est.)i 

3.5-4 (est.) 

4-4.5 (est.)' 

4-4.5 (est.) 

4.5-5 (est.)' 

4.5-5 (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 

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 

Classes grouped 2. 

Total 



1, 852 

77 

4,210 

2,592 

2,371 

1,362 

3,208 

466 

4,765 

743 

2,413 

1,031 

873 

900 

279 

792 

169 

580 

95 

834 

656 

403 

293 

223 

157 

114 

88 

82 

73 

254 

97 

59 

74 

30 

22 

14 

14 

5 

3 

12 

5 

3 

5 

1 

2 

2 

1 
1 



$1, 323, 747 

48, 607 

5,045,451 

3, 300, .■;71 

4, 150, 978 
2.342,331 
7, 314, 255 
1, 036, 878 

12, 982, 245 
2,071,317 
7, 7.50, 978 
3, 360, 344 

3, 23?, 253 
3, 369, 776 
1, 180, 402 
3, 349, 362 

811,565 

2, 735, 723 

519, 636 

4, f,53, 913 
4, 233, 095 
3, 010, 195 
2, 487, 498 
2, 113, 524 
1, 646, 004 
1,308,411 
1, 096, 386 
1, 106, 337 
1, 055, 569 
4, 365, 528 
2,170,665 
1, 597, 878 
2, 505, 958 
1, 350, 466 
1, 192, 001 

906, 600 
1, 040, 265 

414,.';47 

279,351 
1, 351, 278 

890, 106 

640, 838 
1, 343, 804 

(^) 

918,304 

(2) 

(2) 

(») 



$1,518 
15,398" 



25, 207 



15, 690 



15, 945 



19, 348 



21, 940 



29, 074 



28, 643 



59. 017 
62, 103 

58, 770 
61,229 

59, 259 
,53, 332 
49,986 
43, 859 
48, 251 
48, 658 

245, 721 
1.56, 330 
143, 543 
274, 472 
194,617 
193, 456 
171,651 
224, 216 

98, 621 

69, 898 
415,372 
339, 193 
259, 196 
584, 475 

(2) 
443, 150 

(2) 

(2) 

(') 



1,231 

8 

1,474 

845 

1,085 

532 

1,170 

225 

987 

200 

393 

278 

136 

224 

48 

204 

12 

153 

15 

166 

129 

61 

38 

32 

23 

18 

11 



$788, 828 

5,535 

1, 790, 307 

1, 089, 621 

1, 899, 365 

914,047 

2, 645, 238 

497, 927 

2,689,461 

.561,248 

1,261,362 

9f 6, 753 

503, 230 

835, 476 

199,931 

864,360 

55. 567 

730, 862 

80 000 

900, 863 

835, 198 

4 £5, 693 

316,998 

300, 873 

238, 130 

2C5, 848 

137,507 

120, 140 

87, 723 

229,211 

(2) 

82, 633 
(2) 
(2) 



$62 


5, 605 


10,884 


8,419 


4,696 


6.958 


7,104 


8,764 


8,254 



3, 408, 772 



1, 750, 313 



121,991 



32, 305 



112,913,710 



6,281,451 



9,733 



22,351,926 



Summary for preceding year.s: 3 

1933. 

1932 

1931- - 

1930 

1929 

1928 

1927 -■ 

1926 

1925 

1924 



29,462 
25, 972 
22, 625 
25, 216 
28, 860 
30, 997 
33, 398 
35, 332 
38, 740 
63, 864 



91,673,065 
76, 989, 708 
88, 042, 580 
103, 624, 484 
130,352,897 
161,039,786 
15.5,916,827 
153,231,981 
161, 623, 754 
200, 888, 953 



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 



8,359 
8,889 
7,013 
8,262 
9,170 
9,710 
9,758 
9,881 
11,715 
19, 100 



16, 799, 800 
18, 182, 308 
18, 469, 626 
24.476,992 
31,197,250 
34,878,015 
33, 252, 341 
33, 169.117 
35.695,178 
48, 689, 794 



For footnotes see p. 105. 



98 



STATISTICS OF INCOME 



Table 9. — Individual returns for 19S4, by States and Territories and by net income 
classes, shoioing number of returns, net income and total tax; also totals for pre- 
ceding years — -Continued 



Net income classes 
(Thousands of dollars) 



Tinder 1 (est.)' 
Under 1 (est.). 
1-1.5 (est.' 
1-1.5 (est. 
1.5-2 (est. 
1.5-2 (est. 
2-2.5 (est.) 
2-2.5 (est.) 
2.5-3 (est.) 
2.5-3 (est.' 
3-3.5 (est.: 
3-3.5 (est.' 
3.5-4 (est.; 
3.5-4 (est' 
4-4.5 (est. 
4-4.5 (est.; 
4.5-5 (est.) 
4.5-5 (est.) 
5-6'... 
5-6.... 
6-7..-. 



8-9 

9-10 

10-11.. 

11-12 

12-13 

13-14... 

14-15 

15-20 

20-25. 

25-30... 

30-40 

40-50. 

50-60 

60-70... 

70-80. 

80-90 

90-100 

100-150 

150-200 

200-250.. 

250-300 , 

300-400 

400-500 

500-750... 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000.. 

4,000-5,000 

6,000 and over 

Classes grouped '. 

Total 



Ohio 



Number 
of re- 
turns 



Summary for preceding 
years: ^ 

1933 

1932 

1931 

1930 

1929 

1928 

1927 

1926 

1925 

1924 



13,848 

489 

36, 483 

22, 007 

14, 350 
12,865 

15, 228 
4,249 

25, 622 

.5, 177 

10, 733 

6,806 

3,925 

6,064 

1,312 

5,0»4 

522 

4,013 

380 

5,232 

3,473 

2,290 

1,661 

1, ,330 

993 

782 

623 

512 

406 

1,310 

583 

366 

359 

192 

106 

67 

29 

28 

13 

43 

8 

10 

9 

4 

1 

1 

1 



209, 589 



181.212 
188, 141 
164, 809 
199, 600 
215, 804 
218, 479 
222, 707 
231, 196 
224, 643 
418, 048 



Net income 



$9, 091, 878 
255, 730 
43,096,316 
28,143,143 
24, 752, 941 

21, 969, 580 
34, 745, 626 

9, 402, 029 
69, 688, 983 
14, 555, 226 
34, 341, 460 

22, 161,490 
14,439,878 
22, 708, 450 

5,515,046 

21, 540, 378 
2, 420. 753 

19, 042, 932 

2, 062, 654 

28. 544, 784 

22, 459, 081 
17,11.3,523 
14, 064, 763 
12, ,587, 181 
10, 413, 256 

8, 984, 839 

7, 767, 179 
6, 897. 059 
5,877,316 

22, 568, 859 
13,028,109 

9, 989, 272 
12, 358, 741 

8, 532, 837 
5, 780, 188 
4, 319, 248 
2, 174, 088 
2, 366, 182 
1. 244, 925 
5.112,238 

1, 406, 386 

2, 233, 655 
2, 499, 556 

(2) 
(2) 
(2) 
(2) 



3, 084. 612 



631, 348. 370 



511. 

556, 

689. 

950, 
1, 259, 
1, 302, 
1. 153, 
1, 146. 
1, 141, 
1. 403. 



694.014 
313, 005 
352, 135 
397, 134 
571,939 
762, 001 
756,214 
495,871 
453, 071 
748. 590 



Total tax 



$5. 544 
"133.140 



Oklahoma 



243, 872 
'i4i.'334 



112,229 



133. 770 



175, 344 
'i93,'4i7 



208. 925 



386, 395 

360, 494 

350, 667 

355, 540 

380, 491 

369, 367 

350,016 

329, 391 

310,918 

2;9, 244 

1. 324, 382 

975, 934 

936, 541 

1, 437, 769 

1, 235, 686 

1, 068, 593 

840, 648 

480, 001 

575,511 

331,201 

1,641,003 

548, 743 

931, 779 

1. 096, 913 

(2) 

(2) 

(2) 

(2) 



Number 
of re- 
turns 



Net income 



1, 505, 914 



19.761.006 



13, 237, 425 
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, 822 



2,964 

77 

5,579 

1,536 

3,749 

2,351 

3.496 

880 

5, 559 

672 

2,632 

1.266 

657 

1,297 

335 

1.251 

73 

1,048 

83 

954 

702 

440 

306 

197 

177 

149 

94 

99 

80 

262 

114 

59 

70 

35 

20 

9 

2 

2 

1 

2 



39. 279 



33. 224 
31,832 

28, 242 
32, 526 
37, 000 
37, 261 
39, 806 
37. 497 
40. 825 
63, 357 



$1. 825. 060 

45. 878 

6,810,166 

2, 054, 756 
6, 484, 327 
4, 034, 743 
7. 868. 820 
1.957,307 

15, 087. 056 
1,866,017 
8, 446, 289 

4, 120, 097 
2,412,367 
4, 84.'), 336 
1,412,679 

5, 316, 309 
341, 959 

4. 965. 132 

448, 909 

5,211,4.30 

4, 534, 054 

3, 289, 370 
2, 597, 425 
1,871,202 
1,853,110 
1,710,037 
1,173,302 
1, 339, 461 

1, 157, 257 
4,492,717 

2, 563, 196 
1,618,023 
2, 406, 676 
1, 566, 971 
1, 065, 083 

591, 389 
141,972 
170, 285 
(2) 
(2) 



333. 876 



120. 030, 049 



89, 908, 905 
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 



For footnotes see p. 105. 



STATISTICS OF INCOME 



99 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.) >. 
Under 1 (est.)-- 
1-1.5 (est.) 
1-1.5 (est.). 
1.5-2 (est.) 
1.5-2 (est.). 
2-2.5 (est.) 
2-2.5 (est.). 
2.5-3 (est.) 
2.5-3 (est.). 
3-3.5 (est.) 
3-3.5 (est.). 
3.5- 4 (est.) 
3.5-4 (est.). 
4-4.5 (est.) 
4-4.5 (est.). 
4.5-5 (est.) 

4.5-5 (est.) 

6-61 

5-6. 

6-7 

7-8. 

8-9 

9-10 

10-11.. 

11-12 

12-13 

13-14.. 

14-15 

15-20 

20-25 

2.5-30 

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 

1,500-2,030 

2,000-3,000 , 

3,030-4,000... 

4,000-5,000 

5,000 and ovei 

Classes grouped K 

Total 



Summary for preceding 
years: s 

1933. 

1932 

1931 

1930 

1929. 

1928. 

1927 

1926. 

1925 

1924 



Oregon 



Number 
of leturns 



939 

58 

5,453 

4,069 

2,223 

1,986 

1,309 

604 

3,319 

633 

1,208 

891 

315 

748 

108 

650 

30 

462 

34 

677 

418 

252 

195 

126 

105 

61 

63 

58 

47 

108 

49 

22 

15 

12 

3 

1 



27, 253 



27, 572 
25, 845 
20, 181 
26, 047 

28, 194 

29, 333 
33, 903 
30,955 
32, 542 
66, 669 



Net income 



$536, 715 

29, 672 

6, 497, 497 

5, 189, 574 

3, 823, 920 

3. 391, 176 

2, 903, 643 

1,342,490 

8, 960, 773 

1, 784, 773 

3, 885, 512 

2,906,418 

1, 155, 886 

2, 791, 295 

449, 715 

2, 757, 962 

143, 345 

2, 184, 664 

182, 076 

3, 687, 049 

2, 692, 531 

1,873,236 

1, 654, 425 

1,191,334 

1, 101, 7,50 

703, 657 

789, 452 

783, 332 

678, 747 

1, 859, 282 

1, 085, 872 

611,822 

505, 957 

519, 565 

(2) 



(2) 



421, 502 



71, 076, 619 



66, 190, 038 
60, 519, 751 
73, 154, 659 
106, 076, 107 
129,360,587 
132, 829, 673 
140, 739, 425 
135, 030, 190 
132,022,718 
189, 884, 373 



Total tax 



$450 
'24,"40r 



39, 294 



21, 270 



12, 549 



21,791 



22, 738 



25, 967 
"25." 589' 



54, 751 
48,441 
42, 300 
48, 603 
39, 223 
39, 519 
31,111 
36, 709 
38, 374 
36, 391 
113,584 
81, 783 
59, 784 
58, 400 
70, 109 
(=) 
(0 



(2) 



(2) 



91, 507 



1, 084, 638 



795, 893 

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 



Pennsylvania 



Numbei 
of returns 



24, 790 

844 

56, 508 

40, 798 

22, 834 

19, 660 

27, 538 

7,825 

39, 198 

7,852 

17, 743 

10, 005 

6,226 

9,310 

2,123 

7,142 

890 

5,813 

641 

8,370 

5,943 

3,981 

2,719 

2,065 

1,519 

1,219 

1,033 

867 

748 

2,199 

1,231 

719 

793 

412 

229 

152 

94 

53 

48 

88 

35 

18 

11 

4 

5 

8 

1 

4 



342, 308 



323, 960 
334, 471 
267, 848 
322, 503 
364, 145 
361,220 
381,374 
397, 575 
376, 923 
713, 427 



Net income 



$17, 342, 393 
451,913 
65, 9S4, 753 
51,773,701 
39, 759, 721 
33. 671, 044 
62, S65, 320 
17,357,355 
106,612,840 
21, 986, 218 
56,871,040 
32, 570, 712 
23, 027, 780 
34, 763, 503 
8,921,806 
30, 258, 344 
4, 228, 528 
27,541,^01 
3, 484, 618 
45,710,257 
38, 456, 244 
29, 705, 659 
23, 049, 177 
19, 579, 177 
15,908,650 
13, 993, 816 
12, 906, 509 
11,685,143 
10, 839, 815 
37,800,013 
27, 458, 244 
19,641,118 
27, 368, 561 
18, 394, 659 
12,496,593 
9, 876, 590 
7,042,036 
4, 460, 000 

4, 528, 319 
10, 595, 574 

5, 775, 263 
3, 943, 028 
3, 009, 712 
1,421, 5; 5 
2,252,114 
4, 793, 6i 1 

(2) 
(') 



5, 623. 983 



1. 067. 788. 870 



970, 
1, 023, 
1, 193, 
1, 620, 
2,217, 
2,204, 
2, 091, 
2, 138, 
2, 031, 
2, 548, 



250, 517 
234, 341 
400,020 
314 109 
958, 557 
955, 406 
825,217 
168, 594 
305, 849 
132, 809 



For footnotes see p. 105. 



100 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, by Stales and Territories and by net income 
classes, showing mimber of returns, net income and total tax; also totals for j^re- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est ) '. 
Under 1 (est.).- 
1-1.5 (est.) 
1-1.5 (est.). 
1.5-2 (est.) 
1.5-2 (est.). 
2-2.5 (est.) 
2-2.5 (est.). 
2.5-3 (est.) 
2.5-3 (est.). 
3-3.5 (est.) 
3-3.5 (est.). 
3.5-4 (est.) 
3.5-4 (est.). 
4-4.5 (est.) 
4-4.5 (est.). 
4.5-5 (est.) 
4.5-5 (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-SO 

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 , 



Rhode Island 



Number 
of returns 



2,012 

57 

5,389 

3,359 

2,598 

2,393 

2,171 

752 

3,003 

634 

1,432 

853 

580 

839 

229 

601 

81 

576 

68 

817 

587 

412 

279 

223 

173 

150 

124 

93 

78 

224 

142 



Net income 



$1, 354, 456 
32, 213 
6, 413, 944 
4, 347, 577 
4, 506, 822 
4, 14.5,573 
4, 910, 650 
1. 670, 008 
8,159,877 

1, 767, 524 
4, 594, 450 
2,791,466 
2,141.551 
3,156,375 

964, 156 

2. 558, 076 
381, 572 

2,731,733 
369, 789 
4, 464, 746 
3, 804, 983 
3, 071, 828 
2, 367, 336 
2, 109, 349 
1,813,926 
1,723,665 
1,544 721 
1,253,314 

1, 131,561 
3,831,708 
.3, 158, 210 
2,174.245 
3,021,372 

2. 239, 375 
1, 204, 203 
1, 034, 651 

594, 519 
758, 386 
559, 929 
1,420,564 
1,389,175 
(2) 
(2) 
948, 662 



Total tax 



22, 258 
"49,' 237" 



24, 480 



18, 098 



22, 008 



26, 572 



23, 948 
32," 952' 



South Carolina 



Number 
of returns 



62, 180 

65, 433 

67, 680 

63, 233 

66, 080 

62, 720 

68, 299 

65, 289 

57, 955 

56, 074 

222, 651 

237, 321 

199, 981 

357, 897 

324, 834 

204, 213 

200, 445 

129, 247 

184. 933 

145.639 

451.118 

539, 905 

m 

427, 644 



1,398 

43 

1,964 

1. 432 

1,584 

805 

1, 7.52 

295 

1,521 

388 

575 

387 

252 

451 

80 

320 

30 

280 

47 

368 

255 

152 

119 

92 

59 

51 

37 

34 

23 

63 

33 

16 

17 

6 

3 

2 

1 



Net income 



$887, 859 

27, 326 

2, 320, 405 

1,831,473 

2, 761, 332 

1,388,508 

3, 945, 107 

650, 595 

4,119,569 

1,091,853 

1,849,918 

1, 261, 725 

942, 246 

1,688,914 

338, 072 

1,360,182 

144, 283 

1,3.30,071 

254, 709 

1.998.4f2 

1, 645. 634 

1.135,995 

1,011,504 

877, 521 

617,8.84 

587, 975 

450, 620 

456, 440 

331, 836 

1,098,424 

7,34. 1.33 

431, 725 

578, 395 

262. 275 

166,334 

(") 

(2) 



Total tax 



(2) 



(2) 



1, 575, 491 



751, 313 



444, 574 



31,235 



104, 193, 731 



5, 232, 124 



14, 937 



41, 023, 968 



Summary for preceding years: 3 

1933 

1932 

1931 

1930-.- 

1929 

. 1928 

1927 

1926. 

1925 

1924- 



29, 489 
30, 5S1 
22, 375 
23, 862 
26, 481 
25, 801 

25, 184 

26, 362 
29, 123 
48, 792 



92, 589, 659 
101,863,121 
111.159,397 
136, .571, 363 
184,531,178 
176,225,164 
157,464.733 
155.050,974 
160,9,55,280 
191, 556, 190 



3, 452, 803 
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 



12, 686 
11,902 
10, 536 

12, 179 

13, 2,32 
13. 725 
14,310 
13,809 
15, 727 
28, 090 



32,131,067 
29, 080, 6,58 
33,858,781 
42,714, 132 
.50,257.416 
55, 510, 360 
.55, 218, 679 
53,060,331 
57, 661, 544 
79, 613, 886 



For footnotes see p. 105. 



STATISTICS OF INCOME 



101 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


South Dakota 


Tennessee 


(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.) •... 


1,005 

22 

1,010 

992 

674 

589 

819 

164 

918 

187 

437 

254 

127 

234 

46 

148 

18 

135 

13 

159 

107 

75 

42 

28 

23 

11 

10 

11 

23 
3 
5 
4 


$611,068 

11,143 

1,219,277 

1,264,438 

1, 169, 682 

1, 001, 685 

1, 865, 663 

366, 873 

2,505,312 

526, 635 

1, 403, 305 

823, 632 

467, 674 

876, 573 

195, 892 

625, 658 

86, 578 

648, 523 

68, 766 

872, 565 

094, 979 

556. 193 
3.54, 127 
262, 556 
241,304 
124, 209 
124.275 
146, 305 
101,352 

390. 194 
(2) 

139,116 
1.34, 168 




2,974 

77 

5,133 

2.770 

3,213 

2,507 

3,855 

959 

4,595 

863 

1,787 

1,247 

716 

1,225 

177 

1, 063 

93 

859 

84 

981 

681 

428 

313 

213 

167 

159 

106 

95 

75 

218 

107 

69 

57 

27 

18 

8 

5 

2 

1 

4 

2 

2 

1 


$2, 068, 469 

42,417 

6, 236, 101 

3, 563, 672 
5, 571. 727 

4, 297, 587 
8, 769, 523 
2,116,492 

12, 531, 151 
2, 389, 338 

5, 716, 222 
4, 083, 185 

2, 64.5, 651 
4, 583, 134 

742, 714 
4,509,137 

444, 736 
4, 079, 710 

458. 786 
5, 353, 606 
4, 412, 881 
3,197,655 
2, 648, 903 
2, 019. 392 
1, 757, 723 
1, 829, 869 
1,321,121 

1, 283, 551 
1, 08S, 227 

3, 739, 148 

2, 396, 971 
1, 883, 631 
1,944 012 
1, 208, 902 

995, 426 
514, 208 
366, 670 
176,301 
(2) 

460, 251 
337, 900 
4,53, 871 
(2) 




Under 1 (est.) 


$336 


$796 


1-1.5 (est.) ' 




1-1.5 (est.) 


6,029 


19, 448 


1.5-2 (est.) > 


1.5-2 (est.) 


11,716 


51, 504 


2-2.5 (est.) ' -. 




2-2.5 (est.) 


6,056 


33, 882 


2.5-3 (est.) ' 




2.5-3 (est.) 


3,456 


27, 823 


3-3.5 (est.) 1 




3-3.5 (est.) -- 


5,223 


31, 180 


3.5-4 (est.) 1 




3.5-4 fest.) 


6,393 


40, 471 


4-4.5 (est.) ' 




4-4.5 (est.) 


6,180 


44, 843 


4 5-5 (est.) ' 




4.5-5 (est.) 


6,533 


51, 449 


5-6 ' - . - 




5-6 - 


11,928 
11,062 
10, 973 
8,921 
8,164 
8,767 
5,030 
5, 494 
6,312 
5,234 
22, 142 

13, 187 
14, 888 


75, 948 


6-7 


73, 539 


7-8 


67, 753 


8-9 


68, 497 


9-10 


63, 039 


10-11 


61, 487 


11-12 - 


75, 450 


12-13 


57, 788 


13-14 


61. 226 


14-15 


54, 356 


15-20 


224, 522 


20-25 


186, 363 


25-30 


205, 555 


30-40 


225, 767 


40-50 


174. 706 


50-60 








169,727 


60-70 


1 


(2) 


C) 


102, 860 


70-80 


78. 458 


80-90 








46, 723 


90-100 


1 


(2) 


(') 


(0 


100-150 


142, 253 


150-200 








133. 129 


200-250 








188, 092 


250-300 








(2) 


300-400 










400-500 














500-750 


^ 






2 


(2) 


« 


750-1 000 










I 000-1 500 














1 500-2 000 














2 000-3 000 














3 000-4 000 














4 000-5 000 
































225, 791 


41,356 




1, 548, 749 


754, 471 










Total 


8,302 


20,105,511 


225, 380 


37, 938 


11.5,788,720 


3, 596, 105 


Summary for preceding years: 3 
1933 


7,555 
8,356 
7, 3.87 
9,449 
10, 449 
10,649 
10, 969 
12,414 
17, 086 
26, 506 


16,519,323 
17,956 077 
22, 130, 693 
31, 453, 988 
40, 165, 070 
38, 954, 968 
35, 906, 515 
38. 153, 263 
53, 971. 360 
66, 124, 303 


188, 033 
1.37, ,'C3 
105, 602 
178, 379 
390 886 
321.516 
209, 667 
?08, 893 
192, 460 
306, 097 


33, 464 
31,543 
28, 117 
32, 682 
34, 664 
35, 039 
33,812 
35, 495 
34, 689 
66,981 


93, 395, 213 
88,51,5,162 
107, 251. 482 
140, 422, 521 
177, 388, 337 
190, 287, 682 
173, 162, 605 
175, 714, 293 
168, 198, 127 
224. 184, 198 


1, 987, 698 




1,699,381 


1931 


1,413,609 


1930. .- 

1929 


1,955,201 
3, 747, 582 


1928 


5,624,112 


1927 


4, 035, 541 


1926 


3, 651, 457 


1925 


3, 12.5, 603 


1924 


3, 419, 535 







For footnotes see p. 105. 



102 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, ^V States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


Texas 




Utah 




(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 fest.) ' 


10. 610 

96 

13,445 

9,269 

8,159 

8,717 

9,144 

4,060 

12, 248 

4,087 

5,196 

5,677 

2,077 

5,269 

604 

4,439 

313 

2,827 

150 

4,163 

2.346 

1,299 

846 

637 

495 

374 

329 

2)2 

235 

643 

351 

166 

189 

121 

58 

16 

18 

4 

6 

19 

4 

8 

2 

2 


$6, 804, 604 
59. 538 
15,984,509 
12.180,811 
14, 149. 393 
14,994,433 
20, 849, 023 
9,052.813 
33, 352, 155 
11.392,378 
16. 598, 326 

18, 489, 026 
7. 667, 838 

19, 715, 652 

2, 527, 588 
18, 802, 786 

1,456,403 

13. 403, 886 

806, 096 

22. 747, 969 

15, 160, 630 

9, 682, 699 

7,169,531 

6, 030, 177 

5, 166, 659 

4, 276, 236 

4,107,892 

2. 856. 949 

3. 407, 628 

11,040,426 

7, 786. 881 

4. 573, 381 

6,473,413 

5,418,941 

3, 196, 434 
1, 075, 703 

1. 347, 039 
347, 436 
567. 648 

2, 351, 091 
698, 588 

1, 707, 995 
502, 672 
732, 563 




1, 021 

31 

1,466 

867 

1, 090 

463 

1,219 

169 

1.721 

219 

712 

341 

285 

300 

112 

245 

47 

187 

28 

261 

171 

129 

77 

63 

42 

26 

20 

22 

15 

51 

22 

16 

11 

2 

4 

2 


$646, 186 

14,810 

1,781.890 

1.099.818 

1, 906, 374 

790, 831 

2, 768, 010 

374, 682 

4, 695, 385 

619, 335 

2,283,412 

1,110.476 

1. 052. 749 

1,119.211 

470. 983 

1, 037. 692 

216.699 

884. 556 

151.777 

1.424,288 

1, 104. 149 

962. 092 

653. 987 

596, 640 

443, 060 

300, 673 

253. 505 

297. 5^5 

217.763 

896. 123 

488, 621 

432, 998 

3S0, 226 

90, 688 

221,817 




Under 1 (est.) 


$1, 306 


$354 


1-1.5 (est.) 1 




1-1. .5 (est.) 


66, 981 


4,393 


1.5-2 (est.) 1 


1.5-2 (est.) 


170, 241 


8,767 


2-2.5 (est.) I 


2-2.5 (est.) 


125, 747 


5,826 


2.5-3 (est.) ' 


2.5-3 (est.) 


123, 059 


4,109 


3-3.5 (est.) 1 




3-3.5 (est.) . 


166, 828 


5 539 


3.5-4 (est.) ' 




3.5-4 (est.).— 


224, 162 


6,811 


4-4.5 (est.) ' 


4-4.5 (est.) 


248. 151 


7,948 


4.5-5 (est.) ' 


4.5-5 (est.) 


205, 609 


8.345 


5-6'. - 




5-6.- 


421.872 
356. 859 
300, 274 
265,417 
260, 827 
241,550 
214, 483 
223. 875 
168,681 
206, 469 
761, 271 
667, 645 
479. 692 
825, 935 
856, 754 
582, 614 
219, 984 
319, 109 
89, 792 
165, 136 
801, 197 
271,496 
703, 876 
230, 470 
345, 609 


17, 443 


6-7 


16, 258 


7-8 - 


19, 360 


8-9. - 


16, 246 


9-10 -- 


18, 030 


10-11 


14, 033 


11-12 


11,550 


12-13 i. 


10, 723 


13-14 


12,618 


14-15 


10, 164 


15-20 - 


52, 424 


20-25 


37, 168 


25-30-. - 


40, 492 


30-40-- 


44, 123 


40-50 


12, 003 


80-60 - . 


35, 636 


60-70 


(') 






80-90- 








90-100 


1 


(2) 


(■) 


100-150 




150-200.- 








200-250 








250-300. 








300-400- 








400-500 








600-750 














750-1,000 














1,000-1,500 














1,500-2.000. 














2,000-3.000 














3,000-4,000 














4,000-5,000— 














6,000 and over. -.- 














Classes grouped ' 










227, 238 


48,290 














Total 


118, 930 


366, 713, 839 


11,312,971 


11,458 


32,016,329 


468,653 






Summary for preceding 
years: » 


105. 950 
102, 966 
89, 158 
105, 058 
113,555 
112,273 
114,534 
111,438 
109, 448 
192. 735 


299, 577, 627 
279, 533, 040 
333, 673, 467 
448,849,717 
592. 518, 704 
580, 239, 493 
560, 322. 568 
547. 562, 501 
496, 820, 449 
638, 109, 285 


7, 160. 953 
5, 743, 888 
4, 634, 359 

8, 633, 146 
12,866,950 
14,401,968 
12, 909, 842 
12,681,519 

9, 766, 688 
10. 235. 806 


10, 807 
10, 624 
9,785 
11,777 
13, 163 
13, 262 
13, 029 
13. 568 
16. 101 
28,685 


26, 933, 168 
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 


349, 519 


1932 -.. 


366, 273 




196, 095 


1930-- 


447, 953 




881,606 


1928 


1,095,839 




851,031 


1926 


628, 773 




660, 497 


1924 


599, 194 







For footnotes see p. 105. 



STATISTICS OP INCOME 



103 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net incorce classes 
(Thousands of dollars) 



Under 1 (est.) i. 
Under 1 (est.)- 
1-1.5 (est. 
1-1.5 (est. 
1.5-2 (est.) 
1.5-2 (est.' 
2-2.5 (est. 
2-2.5 (est.; 
2.5-3 (est.; 
2.5-3 (est.; 
3-3.5 (est.. 
3-3.5 (est. 
3.5-4 (est.) 
3.5-4 (est.) 
4-4.5 (est." 
4-4.5 (est.) 
4.5-5 (est.; 
4.5-5 (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 

6,000 and over 

Classes grouped '. 

Total 



Vermont 



Number 
of returns 



193 

33 

2,090 

1,224 

735 

632 

484 

255 

1,408 

268 

560 

301 

191 

234 

49 

211 

24 

135 

20 

215 

146 

97 

79 

57 

31 

20 

14 

16 

4 

44 

21 

10 

12 

4 

3 

4 



Net income 



$101, 

17, 

2, 463, 

1,5.58, 

1, 275, 

1,075, 

1,077, 

566, 

3, 808, 

747, 

1, 787, 

980, 

705, 

878, 

202, 

897, 

116, 

641, 

105, 

1, 166, 

941, 

725, 

669, 

539, 

325, 

228, 

173, 

213, 

57, 

758, 

476, 

276, 

412, 

180, 

165, 

244, 



Total ta.x 



$363 



11,628 
""8," 261 



6,268 
"6," 946 



9,672 



7,295 



15, 838 
16,301 
14, 593 
17, 620 
15,956 
11,439 
8, 0:9 
7,759 
10,313 
2,522 
44, :06 
34, 521 
27, 849 
47, 558 
25. 477 
27, 320 
43, 823 



Virginia 



Number 
of returns 



3,473 

112 

6,050 

5,232 

4,083 

2,841 

4,428 

1,073 

6,166 

1,208 

2,468 

1,798 

935 

1,484 

317 

906 

149 

788 

112 

1,108 

755 

493 

327 

291 

192 

141 

100 

103 

58 

251 

121 

75 

69 

38 

25 

12 

10 

6 

3 

3 



Net income 



$2, 217, 639 

59, 341 

7, 347, 800 

6, 703, 612 

7, 093, 358 

4, 879, 373 
10, 092, 471 

2,373,856 
16, 762, 042 
3,384,158 
7,901,519 
5,810,722 
3, 459, 262 

5, 542, 784 
1,322,892 
3,841,451 

697, 728 

3, 742, £03 

610,699 

6, 033, 439 
4, 893, 251 
3,672,515 
2, 764, 929 
2, 766, 789 
2,001,539 
1,614,210 
1,244,516 

1, 384, 429 
839. 579 

4,313,973 

2, 680, 896 
2, 036, 708 
2, 367, 106 
1, 685, 989 
1, 372. 968 

749, 602 
743, 957 
508, 927 
290, 339 
363,015 
1, 340, 946 
419, 093 



Summary 
years: ' 
1933... 
19.32... 
1931... 
1930-.. 
1929... 
1928... 
19?7... 
1926... 
1925... 
1924... 



for preceding 



9,824 



26. 565, 697 



435, 666 



47, 814 



139, 932, 355 



9,375 
10, 439 
7,803 
8,635 
9,586 
9,394 
8,268 
8,646 
9,559 
20,618 



23, 937, 326 
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 



339, 220 
406, 645 
264, 753 
626, 874 
1,019,863 
1, 055, 740 
846, 932 
821,296 
919, 959 
978, 252 



117,6.34,811 
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 



For footnotes see p. 105. 



104 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1934, by States and Territories and by net income 
cla'ises, shotving number of returns, net income and total tax; also totals for •pre- 
ceding years — Continued 



Net income classes 


Washint^ton * 


We.st Virginia 


(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.)' 


3. 517 

32 
10,389 
7, 677 

4, 600 
5,018 
3,215 
2,177 
6,070 
1,957 
2,603 
2,654 

687 

2,245 

219 

1. ,562 

93 

1,088 

67 

1,641 

926 

439 

299 

177 

128 

92 

78 

60 

72 

167 

65 

46 

45 

21 

10 

5 

1 

4 

1 

4 


$2, 049, 529 
19, 116 

12,272.489 
9. J.32. 645 
7,927,510 
8, 609, 677 

7, 254, 0F8 
4, 846, 358 

16.558.974 
5. 467, 461 
8,321,738 
8,629,158 

2, 527, 001 

8, 407, 29S 
914.027 

6, 601, 548 
431.1'EO 

5,132,096 
363. 670 

8. 949, 188 

5, 951, 609 

3, 262, 684 
2, 533, 067 
1,677,316 
1,338,371 
1,051,130 

972, 286 

809, 392 

1, 046, 250 

2,882,127 

1,446,519 

1. 2.59. 904 

1,510,071 

929, 997 

530,015 

323, 614 

{') 

335, 363 
(2) 
in 




1.974 

48 

4,826 

2,222 

2,454 

2,293 

2,261 

866 

3,427 

758 

1,904 

1.090 

599 

1,081 

269 

864 

101 

537 

82 

6S0 

512 

309 

215 

1,57 

121 

97 

86 

55 

47 

158 

76 

46 

42 

19 

7 

5 

2 

3 

2 

2 


$1. 3.58, 109 
29, 106 
5, 796, 240 
2,916,749 
4. 230, 406 
3, 945, 397 
5,132,135 
1,935,410 
9,316, .596 
2,120,740 
6,110,353 
3,513,870 

2, 218. 183 
4, 070, 184 
1, 13,5, 721 

3, 658, 9S2 
480,113 

2, 564. 746 
447. 782 

3, 722. 624 
3, 302, 039 
2,313,231 
1,824,877 

1, 484, 531 
1,267,831 
1,117.022 
1, 072, 040 

738, 601 
680,413 

2, 710, 064 
1, 687, 644 
1, 262, 522 
1. 418, 088 

853,431 
379, 736 
324, 688 
144,980 
250, 238 
190, 891 
235, 940 




Under 1 (est.) 


$442 


•sen 


1-1 5 (est )' 




1-1.5 (est.) --. 


45, 606 


15,882 


l.,5-2 fe.st.)' 




1.5-2 (est.) 


94, 578 


46. 920 


2-2 5 (est )' 




2-2.5 fest.) 


69, 253 


29. 722 


2. ."1-3 (est.)' 




2.5-3 (est.) 

3-3.5 (est.)' 


50, 442 


21,260 


3-3.5 (est.) .-. 


69, 427 


24, 948 


3.5-4 (est.)i 




3.5-4 (est.) 


84, 740 


34, 030 


4-4.5 (est.)' . . -- 




4-4.5 (est.) ..- 

4.. 5-5 (est )' 


81, 140 


35, 317 


4.5-5 (est.) 


74, 034 

""im,'272" 
139, 937 
94, 149 
88, 277 
68,041 
59, 003 
48, 445 
50, 250 
42. 679 
59, 308 
180, 481 
117,674 
123,138 
ISO, .501 
135, 233 
89, 875 
62, 201 
(2) 
80, 848 

(2) 

(2) 


28,240 


5-6' -- 




5-6 


51, 152 


6-7 


49,417 


7-8 . 


40,889 


8-9 


44. ,521 


9-10 


42, 761 


10-11 ' 


40,212 


11-12 

12-13 


40. 406 
46. 129 


13-14- 

14-15 


31,075 
32, 771 


15-20 

20-25 


150, 879 
122,677 


25-30__. 


114,085 


30-40 


160,339 


40-50 


123, 807 


50-60... 


63, 688 


60-70 


64, 1 .59 


70-80 


30, 143 


80-90 


,59. 954 


90-100 


50, 830 


100-150 ... 


78, 112 


150-200 




200-250 • 














250-300 














300-400 














400-500 














500-750 














7.50-1.000 














1.000-1,500 














1 .500-2.000 




























3,000-4 000 














4,000-5.000 














5.000 and over 


















662,911 


200, 764 


















Total 


60, 151 


153, 639, 087 


2, 551, 738 


30, 2£7 


87. 992, 253 


1. G74. 942 






years: ' 

1933 


54, 539 
56, 434 
51, 781 
63. 129 
65, 240 
66, 167 
62, 200 
61,950 
78, 030 
138. 181 


131,639,579 
133,697,243 
174,85.8,452 
238, 857, 983 
302, 258, 404 
273, 648, 593 
252,547,211 
245, 592, 050 
272, 544, 925 
393, 961, 927 


1.646,568 
1, 557, ,558 

1, 238, 044 

2, 750, 143 
5, 775, 343 
4, 464. 930 
2,913,642 
2, 800, 54S 
2,717,102 
3,231,233 


25. 837 
26, 872 
22,118 
27, 130 
29, 803 
30,643 
32, 500 
32,541 
35,810 
75, 037 


69, 425, 751 
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 


1. 107. 746 


1932 


928. 480 


1931 


51,5,600 


1930 . 


1,238,711 




2. 298, 875 


1928 


2, 920, 822 


1927 


2,519.731 


1926 


2.304,313 


1925 


2,133,510 


1924 


2,796,310 







For footnotes see p. 105, 



STATISTICS OF INCOME 



105 



Table 9. — Individual returns for 1934, by States and Territories and hy net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.) '.-- 

Under 1 (est.) 

1-1.5 (est.) 1 

1-1.5 (est.) -. 

1.5-2 (est.) ' 

1.5-2 (est.) 

2-2.5 (est.) 1 

2-2.5 (est.) 

2.5-3 (est.) 1 

2.5-3 (est.) 

3-3.5 (est.) I 

3-3.5 (est.) 

3.5-4 (est.) 1 

3.5-t (est.) 

4-4.5 (est.) 1 

4-4.5 (est.) 

4.5-5 (est.) > 

4.5-5 (est.) 

5-6 ' 

5-6 

6-7 

7-8 

8-9 

9-10 

icm 

11-12 

12-13 

1.3-14 

14-15 

1.5-20 

20-25 

25-30 

30-40.... 

40-.50 

50-00 

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 



Wisconsin 



Number 
of returns 



16, 669 

547 

16, 201 

10, 866 

8,764 

4,570 

7,425 

1,308 

6,767 

1,780 

2,510 

2,368 

1,144 

2,225 

423 

1,740 

1.58 

1,259 

85 

1,622 

1,138 

742 

503 

355 

274 

191 

154 

142 

109 

323 

151 

93 

88 

45 

31 

22 

10 

4 

6 

7 

4 

1 



Net income 



$10,327,751 

292, 209 

19, 140, 349 

13, 707, 877 

15, 156, 694 

7, 773, 557 
16,561,707 

2, 901. 774 
18, 320, 552 
4, 998, 675 
7,945,414 
7, 690, 086 

4, 227, 163 
8,331,039 
1, 761, 569 
7,359,910 

734, 282 

5,954,915 

401,353 

8, 889, 522 
7, 362, 779 
.5,541,927 
4,261,213 
3, ,361. 018 
2, 852, 446 
2, 186, 043 
1,918,921 
1,912,356 

1, 579, 721 

5, 536, 734 
3, 353, 680 

2, 553, 871 
2,948,116 
1,991,800 
1, 693, 807 
1,413,598 

779, 702 
335, 176 
555, 207 
884, 219 
(2) 
(2) 



Total tax 



$6, 591 
60,'9ii' 



83, 737 
"43,'589" 



44, 972 
"54,"'65i' 
"63," 714' 



71, 115 



129, 036 

131,652 

119,913 

114,711 

107, 326 

100, 925 

90,464 

88, 195 

91, 252 

79, 908 

322, 392 

259, 790 

240, 866 

328, 047 

280, 378 

281, 387 
265, 949 
180, 899 

82, 482 
142, 138 
295, 114 

(2) 

(2) 



AVyoming 



Number 
of returns 



516 

12 

1,037 

867 

605 

501 

565 

188 

847 

195 

359 

282 

132 

217 

33 

158 

12 

135 

14 

176 

90 

64 

57 

36 

21 

8 

10 

6 

7 

18 

5 

4 

1 

3 



Net income 



$333, 
6, 
1,244, 
1, 114, 
1,041, 
857, 

1, 286, 
421, 

2, 308, 
544. 

1, 144, 
917, 
487, 
808, 
139, 
671, 

57, 
645, 

76, 
956, 
578, 
478, 
483, 
342, 
219, 

92, 
125, 

81, 
101, 
311. 
117, 
105, 
(2) 
(2) 



(') 



(2) 



(2) 



1, 786, 169 



777, 216 



933, 881 



92, 826 



217,350,901 



5. 009, 731 



7,182 



19, 035, 620 



Summary for preceding years: ' 

1933. 

1932 

1931... 

1930 

1929 

1928 

1927 

1926... 

1925 

1924 



89, 739 
91,557 
84, 681 
95, 366 

103, 044 
98, 485 

100, 956 
99,251 

110, 485 

179, 275 



184, 154, 155 
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 



3, 106, 227 
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 



6, 603 
6,796 
5, 891 
6,809 
8,140 
8,622 
8,870 
8,930 
10, 336 
22. 947 



16, 095, 689 
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 



' Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible 
number of nontaxable returns in net income classes of $6,000 and over is not tabulated .separately. 

2 Classes grouped to conceal identity of taxpayer. 

3 Changes in the Revenue Acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 112-119. 

* Includes Alaska. 



106 



STATISTICS OF INCOME 



Table 10. — Individual returns for 1934 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 

District of Columbia 

Florida 

(leorgia 

Hawaii 

Idaho 

Illinois - 

Indiana 

Iowa... 

Kansas 

Kentucky 

Louisiana 

Maine 

Maryland 

Massachusetts 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana 



Number 

of 
returns 



606 

529 

437 

10, 874 

906 

1,904 

243 

582 

1,389 

814 

332 

192 

7,612 

1,703 

1,687 

1,435 

754 

1,125 

546 

1,340 

5,488 

3,988 

1,308 

734 

2,046 

236 



Deficit 
(in thou- 
sands) 



$1,882 
1,113 
1,317 

36, 059 

2,296 

5,886 

562 

3,218 

5,760 

3,217 

525 

659 

35, 382 
5,290 
4,241 
3,431 
2, 066 
3,714 
1,856 
6,260 

15,413 

20, 605 

4,524 

1,793 

7,968 

802 



States and Territories 



Nebraska 

Nevada... 

i New Hampshire. 

I 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 104,170 



Number 


Deficit 


of 


(in thou- 


returns 


sands) 


938 


$2, 284 


131 


335 


388 


955 


3,857 


13, 030 


420 


1,561 


20, 843 


107, 623 


715 


3,053 


396 


735 


4,192 


19, 727 


1,511 


5,108 


764 


4,388 


7,129 


31,373 


593 


1,860 


439 


1,401 


387 


870 


772 


3,013 


4,514 


20, 601 


349 


75S 


143 


428 


946 


2,475 


1,830 


5.068 


734 


2,474 


3,032 


6,723 


337 


1,177 



412, 859 



> Includes Alaska. 

Table 11. — Individual returns for 1934 on form IO4O with no net income, by 
deficit classes, showing sources of income and deductions, and deficit 

[Money figures and deficit classes in thousands of dollars] 

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





Sources of income 


Deficit classes 


Sala- 
ries, 
wages, 
com- 
mis- 
sions, 
fees, 
etc. 


Busi- 
ness 
profit 


Part- 
ner- 
ship 
profit ' 


Net 
capital, 
gain ' 


Rents 
and 

royal- 
ties 


Divi- 
dends 

on 
stock 
of do- 
mestic 
corpo- 
rations 


Fidu- 
ciary ' 


Interest 
on Gov- 
ern- 
ment 
obliga- 
tions 
not 
wholly 
exempt 
from 
tax' 


Other 
taxable 
interest 


Other . 
income 


Under 5 


42, 955 

11,117 

12. 325 

6. 595 

3,871 

1,456 

1,400 

479 

214 

2 


21, 413 

4,154 

2,699 

1,277 

900 

168 

74 

122 

-. 


6,740 

1,790 

2,033 

877 

461 

109 

93 

3" 

31 


5,106 

2,705 

2, 827 

1.893 

2,309 

833 

1,345 

291 

424 

12 


40, 442 

7,050 

6,234 

2,881 

1,015 

376 

335 

882 

11 

1 


26,926 
9,115 

11,835 
7,120 
8,288 
2,354 
3.661 
955 
4,754 
70 


3.909 

1.338 

1,487 

598 

489 

133 

201 

40 

353 

4 


1,133 

380 

370 

160 

97 

60 

15 

5 

2 

3 


24, 781 
6,426 
6.086 
3.593 
2.121 
853 

344 
221 
31 


5,227 


5-10 


1,749 


10-25 


2,227 


2.V50 


1,317 


.'•)0-100 


1.362 


100-150 


215 


150-300 


304 


300-500 


99 


500-1.000 


122 


1.000 and over 


13 


Total 


80, 415 


30, 808 


12,137 


17,746 


59,225 


75. 078 


8,552 


2,224 


45, 235 


12.035 



For footnotes see p. 107. 



STATISTICS OF INCOIME 



107 



Table 11. — Individual returns for 1934 on form 1040 with no net income, hy 
deficit classes, showing sources of income and deductions, and deficit — Contd. 

[Money figures and deficit classes in thousands of dollars] 



Deficit classes 


Sources 
of in- 
come— 
Contd. 


Deductions 


Deficit 




Total 
income 


Busi- 
ness 
loss 


Part- 
nership 
loss I 


Net 
capital 
loss ' 


Interest 
paid* 


Taxes 
paid* 


Con- 
tribu- 
tions 


All other 
deduc- 
tions 


Total 
deduc- 
tions 




Under 5 -- 

5-10 

10-25 


178, 631 

45, 823 

48, 123 

26,310 

20, 914 

6, 557 

8,207 

3,217 

6,104 

168 


67, 676 

23, 343 

20, 039 

9,221 

4,902 

1,730 

2,320 

22 

1,268 


11,754 
6,368 
9,451 
6,037 
3, 273 
1,361 
3,072 
565 
1,053 
11 


21,746 

2,317 

1,795 

563 

438 

296 

82 

23 

10 

6 


43, 198 

11,875 

13, 274 

7.272 

6,353 

1.879 

3,792 

600 

234 

63 


34, 409 
7, 656 
7,937 
4,246 
3, 258 
1,455 
1,672 
1,895 
1,605 
10 


5,143 

623 

707 

230 

163 

57 

38 

33 

(») 


107, 018 
47, 240 
65, 171 
48. 052 
42, 776 
20, 569 
26, 726 
11,479 
13, 368 
14, 101 


290,944 
99, 422 

118,372 
75, 621 
61, 162 
27,347 
37,701 
14,618 
17, 538 
14, 190 


112,312 
53, 598 
70,249 
49,310 
40, 248 
20, 790 
29, 495 
11,401 
11,433 
14 022 


25-50 


50-100 


100-150 

150-3C0 

300-500 

500-1,000 

1,000 and over. 






Total.... 


344, 055 


130, 522 


42,943 


27, 274 


88, 538 


64,143 


6,994 


396,499 


756, 914 


412,859 



' For explanation of item, see p. 8. 

2 For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 8-9, 
and synopsis of laws. pp. 118-119. 

3 Interest received on 4 and iH percent Liberty bonds and Treasury bonds, owned in excess of $5,000, 
and on oblisrations of certain instrumentalities of the United States, is .subject to surtax if the surtax net 
income is over $4,000. (Sen items 9 and 25, form 1040. p. 126.) 

* Excludes amounts reported in schedule A as business deductions. 
' Less than $500. 



REVENUE ACTS OF 1913 TO 1934 

AND CERTAIN TAX PROVISIONS OF 
THE NATIONAL INDUSTRIAL RECOVERY ACT 



A SYNOPSIS OF 

INDIVIDUAL INCOME AND PROFITS TAX RATES 

ESTATE AND GIFT TAX RATES 

CREDITS AND EXEMPTIONS 

AFFECTING THE COMPARABILITY OF DATA 

IN "STATISTICS OF INCOME" 



109 



88019—36 8 



REVENUE ACTS OF 1913 TO 1934, AND CERTAIN TAX PROVI- 
SIONS OF THE NATIONAL INDUSTRIAL RECOVERY ACT.— A 
SYNOPSIS OF INDIVIDUAL INCOME AND PROFITS TAX 
RATES, ESTATE AND GIFT TAX RATES, CREDITS AND 
EXEMPTIONS AFFECTING THE COMPARABILITY OF DATA 
IN "STATISTICS OF INCOME" 



INDIVIDUALS 

A. Individuals required to file returns, personal exemption, credit 
for dependents, and normal tax rates, under the Revenue Acts of 1913 
to 1934, inclusive, and certain tax provisions of the National Indus- 
trial Recovery Act. 

B. Individual surtax rates under the Revenue Acts of 1913 to 1934, 
inclusive. 

C. Individual supplemental income and profits tax rates and tax 
credits, imder the Revenue Acts of 1917 to 1934, inclusive. 

ESTATES 

D. Estate tax rates, specific exemption, and credits against estate 
tax, imder the Revenue Acts of 1916 to 1934, inclusive. 

GIFTS 

E. Gift tax rates and specific exemption under the Revenue Acts of 
1924 and 1932. 

Ill 



112 



STATISTICS OF INCOME 



A. — hidividuals required to file returns, personal exem-ption, credit for dependents, 

tax provisions of the National 





Applicable to citizens and residents of the United States 




Income year 


Individuals required to file returns > 


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 5 


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 
i 2, COO 

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 




1916 (Sept. 8, 1916) 






1916 as amended 


|l917. 






1917 (Oct. 3, 1917) 


i 

[1918.- 








1918 (Feb. 24, 1919). 


11919,1920. 










(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) 


■^1922 




[1923 10 


1924 (June 2, 1924) 


1924. 




(1925- 


1926 (Feb. 26, 1926) 


h926_ 




[1927. 




/'1928 




1929. 


1928 (May 29, 1928) 


1930 






,1931. 


1932 (June 6. 1932) 


1932,1933 

1933 


N. I. R. A. (June 16. 1933)is.... 


1934 (May 10, 1934) 


1934 


2,500 


5,000 


1,000 


5,000 







For footnotes see pp. 114-115. 



STATISTICS OF INCOME 



113 



and normal tax rates, vnder the Revenue Acts of 1913 to 1934, inclusive, and certain 
Industrial Recovery Act 



Applicable to citizens and residents of the United States— Contd. 


Applicable to nonresident aliens ' 


Personal exemption and credit 
for dependents 3 


Net income subject 
to normal tax s 


Normal 
tax rate 
(per- 
cent) 


Personal exemption 


Credit 
for each 
depend- 
ent 8 




Married 
and living 
with hus- 
band or 
wife, or 
head of 
family ? 


Single, or 
married 
and not 
living 
with hus- 
band or 
wife, and 
not head 
of family " 


Nor- 
mal 


Married 
and living 
with hus- 
band or 
wife, or 
head of 
family ' 


Single, or 

married 

and not living 

with husband 

or wife, and 

not head of 

family ' 


Credit 
for each 
depend- 
ent* 


tax 
rate* 
(per- 
cent) 


$4,000 
4,000 
2.000 
2,000 
2,000 

" 2, 500 

2,500 
3, SCO 

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 

IK 

3 

5 

m 

3 

5 

14 2 
H4 

11..; 

3 
5 

l3i 

3 

5 

4 

8 


None 
$4,000 

'f None 

} O 

[ m 

\ 1,000 

■ 1, 000 
• 1,500 

■ 1,500 

1,500 

1, 500 

1,500 
[ 1,000 


None 
$3,000 
None 
(») 
(») 
1,000 

1,000 

1,500 

1,500 

1,500 

1,500 

1,500 
1,000 


None 
None 
None 

W 

(») 
12 None 

(12) 

(12) 

(13) 

(12) 

(.2) 

(12) 
(12) 


1 


All 


2 


/First $2,000 




\Balance over $2,000. . 
/First $4,000 


2 


\Balance over $4,000-. 

/First $4,000 

^Balance over $4,000. . 
/ First $4,000 . . 


12 

8 


IBalance over $4,000. . 
First $4,000 


13 8 


Second $4.000 

Balance over $8,000. . 
First $4,000 


13 6 


Second $4,000 

Balance over $8,000. . 
1 First $4.000. 


13 5 


<^ Second $4,000.. 

[Balance over $8,000. 
First $4,000 


13 5 


■> Second $4,000 

/[Balance over $8,000. 

First $4.000... 

{Second $4,000 

Balance over $8,000. 

First $4,000 


13 It 4 
13 5 


-^Second $4,000 

Balance over $8,000. 
/First $4,000-- 


13 5 


IBalance over $4,000.. 




2,500 


1,000 


400 


All... 


4 


1,000 


1,000 


(12) 


13 4 







114 



STATISTICS OF INCOME 



[Footnotes for table A] 



' Required to file income tax returns for all income derived from sources within the United States, 
regardless of amount, unless total tax has been paid at source. 

2 (a) Under the Revenue Acts of 1913, 1916, and 1917, individuals were required to file returns on a calendar 
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 year.s 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 withholding 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 a!) 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, 1932. and 1934.) 

(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 such exempt earned income equals 
or exceeds -$5,000; or unless their net income, exclusive of such exempt earned income equals or exceeds the 
amount indicated in this table under "Individuals required to file returns." (See also (c) above.) For 
1932 and subsequent years the exclusion from gross income of earned income from sources without the United 
States does not apply to amounts paid by the United States or any agency thereof. (See sec. 116 (a)i, 
Revenue Acts of 1932 and 1934.) The compensation of resident alien employees of foreign governments is 
excluded from gross income under certain conditions. (See subsec. (h) which was added to sec. 116, Reve- 
nue Act of 1934 by Public, No. 374, 74th Cong., and which is retroactive.) 

3 Not applicable to citizens deriving a large portion of their grcss 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. 

* 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 reasonahh amount in business deductions for 1918, 1919, 1920, and 1921. 

(6) Contributions to charitable and scientific organizations, etc., not 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. 1932, and 1934.) 

(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 the years 1924 to 1933 inclusive, 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 12H percent of the loss. (See table C, 
p. 119.) For the years 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 sustained 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 limit- 
ing 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. 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 dealine in securities or carrying on the banking business. (See sec. 23 (r) (3), Revenue Act of 1932.) 
However, section 218 (c) of the National Industrial Recovery Act amends, effective as of Jan. 1, 1933. Sec. 23 
(r) (3) of the Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to per- 
sons 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 otlier sources. Section 218 (d) of the National Industrial Recovery Act also 
amends, effective as of Jan. 1, 1933, sec. 182 (a) of the Reveime 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 



STATISTICS OF INCOME 115 

assets). Such a provision has been omitted from the Revenue Act of 1934. By the Revenue Act of 1934 
the definition of capital assets is broadened to include all property held by taxpayer, whether or not con- 
nected with trade or business, regardless of period held, except stock in trade, property which would be 
included in inventory, or property held for sale in ordinary course of business or trade. For 1934 and 
subsequent years capital losses are computed on the basis of certain percentages which vary according 
to the period for which assets have been held, and deduction of capital losses (after the percentages are 
applied) is limited to $2,000 plus gains from such sales (such deduction not to exceed the final net loss from 
such sales after the percentages are applied). (For method of computing capital gains and losses, .see 
table C, p. 119.) The Revenue Act of 1934 allows losses from wagering transactions only to the extent of 
the gains from such transactions, and denies deductions for losses from sales or exchanges of property, 
directly or indirectly, between members of a family and (except in case of distributions in liquidaticn) 
between an individual and a corporation in which such individual owns, directly or indirectly, more than 
50 percent in value of the outstanding stock. (See sec. 24 (a) (6), Revenue Act of 1934.) 

(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 -\ct of 1918 provides for the deduction of such loss from net income of the pre- 
ceding yeir, 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 tlie 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, section 21S (a) of the National Industriil Recovery 
Act repeals, effective as of Jan. 1, 1933, sections 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 tax- 
able yeir. There is no provision in the Revenue Act of 1934 for deduction of net loss for prior year. 

8 Net income subject to normal tax is all net income after deducting the sum of: 

(a) Personal exemption. 

(6) Credit for dependents, 1917 and subsequent years. 

(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 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). 

(d) Dividends on stock of foreign corporations receiving a certain amount of income from sources within 
the United States, for the years 1913 to 1933, inclusive. 

(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. 

(/) Interest not wholly tax exempt on United States obligations issued after Sept. 1, 1917, which is required 
to be included in gross income, and for 1934, interest on obligations of instrumentalities of the United States, 
as defined in section 2.5 (a) (3), Revenue Act of 1934. 

(g) Credit of 10 percent of the amount of the earned net income, but not in excess of 10 percent of the entire 
net income, for the year 1934. (See table C, p. 119.) 

' 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. 

9 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. 

10 Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924. 

11 For net incomes in excess of $5,000, 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. 

13 For 1922 to 1933, inclusive, 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. For 1934 the rate of normal tax is the same 
(or all individuals, both resident and nonresident. 

n See Joint Resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates 
of income tax for 1929. 
" See note 5 (c) and (d). 



116 



STATISTICS OF IXCOME 

B. — rndividual surtax rates under the 



Net income ' 


He venue Act 






1913 


1916 


1917 


1918 


Exceed- 
ing 


Equal- 
ing 


On incomes (or 
Mar. 1, 1913, to 
Dec. 31. 1915. in- 


On incomes for 
1916 


On incomes for 
1917 


On incomes for 
1918, 1919, 1920, 
and Act of 1921 






clusive 












on incomes for 
1921 






Rate 


Total 


Rate 


Total 


Rate 


Total 


Rate 


Total 


Thousand 

4 


s of dollars 
5 
6 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


5 










-- 


$io' 


-. 


$10 


6 


7. 5 

8 
10 
12 

12.5 
13 










1 
2 
2 
3 
3 
4 


25 
35 
75 
135 
150 
170 


2 
2 
3 
4 
5 
5 


40 
50 
110 
190 
215 
240 


7.5 










8 










10 










12 










12.5 





..//.... 






13 


14 
15 
16 
18 
20 
22 










4 
4 
5 
5 
5 
8 


210 
250 
300 
400 
500 
680 


5 
6 
6 
7 
8 
9 


290 
350 
410 
550 
710 
890 


14 










15 










16 











18 










20 




$26" 




$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 


2,3 


5,510 


50 


52 


2 


340 


2 


440 


12 


3,540 


24 


5.990 


52 


54 


2 


3S0 


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 


62 


64 


2 


580 


3 


720 


17 


5,180 


30 


9.290 


64 


66 


2 


620 


3 


780 


17 


5, 520 


31 


9,910 


66 


68 


2 


660 


3 


840 


17 


5,860 


32 


10. 550 


68 


70 


2 


700 


3 


900 


17 


6.200 


33 


11.210 


70 


72 


2 


740 


3 


960 


17 


6,540 


34 


11.890 


72 


74 


2 


780 


3 


1,020 


17 


6.880 


35 


12. 590 


74 


75 


2 


800 


3 


1,050 


17 


7.050 


38 


12,950 


75 


76 


3 


830 


3 


1,080 


17 


7.220 


35 


13.310 


76 


78 


3 


890 


3 


1,140 


17 


7.560 


37 


14, 050 


78 


80 


3 


950 


3 


1,200 


17 


7,903 


38 


14,810 


80 


82 


3 


1,010 


4 


1,280 


22 


8,340 


39 


15, 59L1 


82 


84 


3 


1,070 


4 


1,360 


22 


8,780 


40 


18, 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 


IS, 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, 9S0 


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 


11,880 


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, 000 


61 


740.300 


65 


908. 510 


1,500 


2,000 


6 


110, 050 


12 


198, 000 


62 


1,050,300 


65 


1, 233, 510 


2,000 


5,000 


6 


290, 050 


13 


588,000 


63 


2, 940, 300 


65 


3, 183, 510 


5,000 




6 




13 





63 




65 















' In arriving at the net income subject to surtax for 1934, the sum of the personal exemption and credit for 
dei)endents is allowed as a credit; prior to 1934 no such credit was allowed.) 



STATISTICS OF INCOME 
Revenue Acts of 1913 to 1934, inclusive 



117 



Net income • 










Revenue Act 
















1921 




1924 




926 




1932 




1934 














On incomes for 










Exceed- 


Equal- 










1925, 1928, 1927, 










ing 


ing 


On incomes for 


On incomes for 


and Actori928 


On incomes for 


On incomes for 






1922, 1923 2 




1924 


on incomes for 


1932, 1933 




1934 














1928, 1929. 1930, 






















and 1931 














Rate 




Rate 




Rate 




Rate 




Rate 




Thousa 


nds of 


(per- 


Total 


(per- 


Total 


(per- 


Total 


(per- 


Total 


(per- 


Total 


dolt 


nrs 


cent) 


surtax 


cent) 


surtax 


cent) 


surtax 


cent) 


surtax 


cent) 


surtax 


4 


5 


















4 


$40 


5 
6 


6 
7.5 


















4 
5 


80 


""l 


$i5' 










""l 


' $15' 


155 


7.5 


8 


1 


20 










1 


20 


5 


180 


8 
10 


10 
12 


1 
2 


40 
80 










1 
2 


40 
80 


6 

7 


300 


""Y 


$20" 


""l 


$20" 


440 


12 


12.5 


3 


95 


1 


25 


1 


25 


3 


95 


8 


480 


12.5 


13 


3 


110 


1 


30 


1 


30 


3 


110 


8 


520 


13 


14 


3 


140 


1 


40 


1 


40 


3 


140 


8 


600 


14 


15 


4 


180 


2 


60 


2 


60 


4 


180 


9 


690 


15 


16 


4 


220 


2 


80 


2 


80 


4 


220 


9 


780 


16 


18 


5 


320 


3 


140 


3 


140 


5 


320 


11 


1,000 


18 


20 


6 


440 


4 


220 


4 


220 


6 


440 


13 


1,260 


20 


22 


8 


600 


5 


320 


5 


320 


8 


600 


15 


1,560 


22 


24 


9 


780 


6 


440 


6 


440 


9 


780 


17 


1,900 


24 


26 


10 


980 


7 


580 


7 


580 


10 


980 


17 


2,240 


26 


28 


11 


1,200 


8 


740 


7 


720 


11 


1.200 


19 


2,620 


28 


30 


12 


1,440 


9 


920 


8 


880 


12 


1.440 


19 


3,000 


30 


32 


13 


1,700 


10 


1,120 


8 


1,040 


13 


1.700 


19 


3,380 


32 


34 


15 


2,000 


10 


1,320 


9 


1,220 


15 


2,000 


21 


3,800 


34 


36 


15 


2,300 


11 


1,540 


9 


1,400 


15 


2,300 


21 


4,220 


36 


38 


16 


2,620 


12 


1,780 


10 


1,600 


16 


2,620 


21 


4,640 


38 


40 


17 


2,960 


13 


2,040 


10 


1,800 


17 


2,960 


24 


5,120 


40 


42 


18 


3,320 


13 


2,300 


11 


2,020 


18 


3,320 


24 


5,600 


42 


44 


19 


3,700 


14 


2,580 


11 


2,240 


19 


3,700 


24 


6,080 


44 


46 


20 


4,100 


15 


2,880 


12 


2.480 


20 


4,100 


27 


6,620 


46 


48 


21 


4,520 


16 


3,200 


12 


2.720 


21 


4,520 


27 


7,160 


48 


50 


22 


4,960 


17 


3,540 


13 


2.980 


22 


4,960 


27 


7.700 


50 


52 


23 


5,420 


18 


3,900 


13 


3.240 


23 


5,420 


30 


8,300 


52 


54 


24 


5,900 


19 


4,280 


14 


3.520 


24 


5,900 


30 


8,900 


54 


56 


25 


6,400 


19 


4,660 


14 


3.800 


25 


6,400 


30 


9.500 


56 


58 


26 


6,920 


20 


5,060 


15 


4.100 


26 


6,920 


33 


10, 160 


58 


60 


27 


7,460 


21 


5,480 


15 


4.400 


27 


7,460 


33 


10,820 


60 


62 


28 


8,020 


21 


5,900 


16 


4.720 


28 


8,020 


33 


11, 480 


62 


64 


29 


8,600 


22 


6,340 


16 


5,040 


29 


8,600 


36 


12. 200 


64 


66 


30 


9,200 


23 


6,800 


17 


5,380 


30 


9,200 


36 


12, 920 


66 


68 


31 


9,820 


24 


7,280 


17 


5,720 


31 


9,820 


36 


13, 640 


68 


70 


32 


10, 460 


25 


7,780 


17 


6.060 


32 


10, 460 


39 


14. 420 


70 


72 


33 


11,120 


26 


8,300 


18 


6.420 


33 


11,120 


39 


15, 200 


72 


74 


34 


11,800 


26 


8,820 


18 


6.780 


34 


11. 800 


39 


15, 980 


74 


75 


35 


12. 150 


27 


9,090 


18 


6,960 


35 


12, 150 


42 


16, 400 


75 


76 


35 


12, 500 


27 


9, 360 


18 


7,140 


35 


12. 500 


42 


16, 820 


76 


78 


36 


13, 220 


28 


9,920 


18 


7.500 


36 


13. 220 


42 


. 17,660 


78 


80 


37 


13, 960 


28 


10, 480 


18 


7,860 


37 


13.960 


42 


18, 500 


80 


82 


38 


14, 720 


29 


11,060 


19 


8,240 


38 


14. 720 


45 


19, 400 


82 


84 


39 


15, 500 


30 


11,660 


19 


8,620 


39 


15. 500 


45 


20, 300 


84 


86 


40 


16,300 


31 


12, 280 


19 


9,000 


40 


16, 300 


45 


21,200 


86 


88 


41 


17. 120 


31 


12, 900 


19 


9,380 


41 


17, 120 


45 


22, 100 


88 


90 


42 


17.960 


32 


13.540 


19 


9,760 


42 


17,960 


45 


23,000 


90 


92 


43 


18. 820 


33 


14,200 


19 


10, 140 


43 


18, 820 


50 


24,000 


92 


94 


44 


19. 700 


34 


14, 880 


19 


10, 520 


44 


19. 700 


50 


25, 000 


94 


96 


45 


20.600 


35 


15, 580 


19 


10, 900 


45 


20.600 


50 


26. 000 


96 


98 


46 


21, 520 


36 


16, 300 


19 


11,280 


46 


21. 520 


50 


27, 000 


98 


100 


47 


22, 460 


36 


17,020 


19 


11,660 


47 


22, 460 


50 


28, 000 


100 


150 


48 


46, 460 


37 


35,520 


20 


21, 660 


48 


46, 460 


52 


54.000 


150 


200 


49 


70. 960 


37 


54,020 


20 


31,660 


49 


70.960 


S3 


80. 500 


200 


250 


50 


95, 960 


38 


73, 020 


20 


41. 660 


50 


95, 960 


54 


107. 500 


250 


300 


50 


120.960 


38 


92, 020 


20 


51, 660 


50 


120, 960 


54 


134, ,'iOO 


300 


400 


50 


170.960 


39 


131, 020 


20 


71, 660 


51 


171,960 


55 


189, 500 


400 


500 


50 


220, 960 


39 


170.020 


20 


91,660 


52 


223, 960 


56 


245, 500 


600 


750 


50 


345, 960 


40 


270, 020 


20 


141, 660 


53 


356, 460 


57 


388, 000 


750 


1,000 


50 


470, 960 


40 


370. 020 


20 


191, 660 


54 


491, 460 


58 


533, 000 


1,000 


1,500 


50 


720, 960 


40 


570. 020 


20 


291, 660 


55 


766, 460 


59 


828, 000 


1.500 


2,000 


50 


970, 960 


40 


770, 020 


20 


391. 660 


55 


1,041,460 


59 


1, 123, 000 


2,000 


5,000 


50 


2.470,960 


40 


1,970,020 


20 


991.660 


55 


2, 691, 460 


59 


2. 893. 000 


5,000 




50 




40 




20 




55 




59 













» Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a), Revenue Act of 1924. 



118 



STATISTICS OF INCOME 
C. — Individual supplemental income and profits lax 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: 2 
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 

1934 


1917 

1918, 1919, 

1920 

1921 
1922. 1923 • 

1924 
1925. 1926, 

1927 
1928, 1929, 
1930, 1931 
1932, 1933 

1934 


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.* 

Do.» 

Do. 

Do. 

Do. 

Do. 
Do.' 
Do.' 



• In excess of $3,000 for nonresident aliens. 

' Nonresident aliens having business with invested capita!, reported only that proportion of invested 
capital which net income from sources within the United States was of the entire net income. 

3 Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of 
i nvested 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 one wholeyear 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 canital 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. 

s 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 hears 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 po.'ssessions, in excess of that deducted as a tax credit, is permitted to be included in deductions 
against gross income. (See note 7.) 

6 Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924. 

' 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 tlie 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 Acts of 1932 and 1934.) 

s Except stock in trade, property which would be included in inventory, or property held for sale in 
ordinary course of business or trade. 

' The following percentages of the gains or losses recognized upon the sale or exchange of capital assets 
are taken into account in computing net income: 

100 percent if capital asset was held for not over 1 year. 
80 percent if capital asset was held for over 1 year, but not over 2 years. 
60 percent if capital asset was held for over 2 years, but not over 5 years. 
40 percent if capital asset was held for over 5 years, but not over 10 years. 
30 percent if capital asset was held for over 10 years. 



STATISTICS OF INCOME 

and tax credits, under the Revenue Acts of 1917 to 1934, inclusive 



119 



Capital gains and losses 


Rev- 
enue 


Income 
year 


Definition 
of capital 


Tax on capital net gain 


Tax credit on capital net loss 


Act 


assets 






1921 


1922, 1923 8 


Assets 
held over 
2 years. 


Taxpayer may elect to be taxed 
at 12}.^ percent on capital net 
gain, provided that the total 
tax, including the tax on capital 
net gain, is not less than 12)^ 
percent of the total net income. 
(Loss in ordinary net income 
cannot be deducted from capital 
net gain.) 




1924 


1924 


...do 


Taxpayer may elect to be taxed 
at 12).2 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 
income may be deducted from 
capital net gain and the balance 
taxed at 12 1.^ percent.) 


Capital net loss may be reported 
apart from ordinary net in- 
come, and a tax credit of 12^ 
percent of the capital net loss 
taken, if tax thus produced is 
not less than the tax would be 
if the capital net loss were de- 
ducted from ordinary net in- 
come. 


1926 


1925, 1926, 


...do 


Same as 1924 Act 


Same as 1924 Act. 




1927 








1928 


1928, 1929, 
1930, 1931 


...do. 


do.. 


Do. 








1932 


1932, 1933 


...do 


do 


Do. 


1934 


1934 


All prop- 


Taxable gains, and losses are com- 


None. (See preceding column 






erty held 


puted on basis of certain percent- 


for deduction of capital losses 






by tax- 


ages » which vary according to 


from net income.) 






payer, 


period for which assets were held. 








whether 


Capital net gains, after the per- 








or not 


centages are applied, are in- 








connect- 


cluded in net income and are 








ed with 


subject to normal tax and surtax. 








trade or 


Deduction for capital losses, after 








business. 


the percentages are applied, is 








regard- 


limited to $2,000 plus gains from 








less of 


such sales (such deduction not to 








period 


exceed the final net loss from such 








held.8 


sales after the percentages are 
applied). 





Credit on earned net income 



Rev- 


Income 


Kind of 


Earned net income subject to tax 


Limit of credit 


Act 


year 


credit 


for computation of credit 


1924 


1924 


Against 


All net income up to $5,000 whether 


25 percent of normal tax on 






tax. 


earned or not, and up to $10,000, 
if earned. 


earned net income. (Cannot 
exceed 25 percent of normal 
tax on ordinary net income.) 


1926 


1925, 1926, 


...do 


All net income up to $5,000, 


25 percent of total tax on earned 




1927 




whether earned or not, and up 
to $20,000, if earned. 


net income. (Cannot exceed 
the sum of 25 percent of normal 
tax on ordinary net income 
and 25 percent of surtax on 
earned net income.) 


1928 


1928, 1929, 
1930,1931 


....do 


All net income up to $5,000, 
whether earned or not, and up to 
$30,000, if earned. 


Do. 


1932 


1932, 1933 








1934 


1934 


Again st 


All net income up to $3,000 whether 


10 percent of the earned net in- 






net i n - 


earned or not, and up to $14,000, 


come, but not in excess of 10 






come. 


if earned. 


percent of the entire net in- 
come. 



120 



STATISTICS OF INCOME 



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^Grcccoco^cocccococ 



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= -— 'C^cO-^»OOl»0»OOtO»0«00»0000000000000000 



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STATISTICS OF INCOME 



121 



•a ■* 



CO at 






>>2 .a 

go 






CO ^— '»---< ^ CI 



oo 
o o 
o o 



E2 



S2 



Eca 
S<5 






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f-tfr-; CO 

g eg 



I 6 -^ ! 



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CO >-. B3 H o .-g a 



o > 



^■w c 

5C M 2 (>f 3 

i; o . ffl c 



c . 



t-i 2 o --; "^^ Oi 



32--; 
■a 



SS--23 



" O t- T? O 



v3 o a 

cS "^ * 
X a5^ 



"S. o5::5^:= 






S^-c-S 



.-a a c^T3 






c8 aj a> a2^ o 
t, 3 -O w X- S . 

O c Q C^ I; 
oPh cS aj< G 






£Sg2 

" >• ^ 

5 ai s 

fc£ c t-, 

■cgc2' 



H o y c ?;~ ° i 



J= C o 



."3 c.<! 



5 H 






2oTJ 
«<- ID 

2 c 
cg6 

D > « 

O OJ c/^ 

03 -,; 
CO a 



a d 
d a 



CT3 2 Sm ' 



3 53, 



oO &■ 



j?3 ^ 

^ o <D -^ 
*'< o o 



■c -e 5 ^ '^^ 



■o ■" _, <= • 'K 5 1 

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° " S .'" So"_T 

O O.^ C — I -» ^ 

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t/-, O 03 
3r" O^ 

wcr' » n 



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03 rt c =5 a 

ii ■ X . t^ 2 " *^ 

a i2 2 g a -= ® £ 

. SS.2'S«>.t55;S 

P.'O g g M t. oc t^.-g 
g-w-S-O a£ 03*-<-j; g 

a •? 

02 O 



.9-2 • 
S o S 

"« « & 

*> M S 

» 0) s: 
-^ *j a> 



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a 


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a 


o 


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is 


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« 


B 


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(Bja 






a) 




« 


o 



5^ « 



C8 M o 
■" O o 

'S'? 2 

.2 o 3 

iS ^ xi °' 

•S-2 t-3 

o IS a jj 

<1 >,.o d 

«§£fl 

2 a>So 
£•" ® » 
■" XJ3 M 

:i-2 = » 

O.C3 a, c8 

o cj CD rj 

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o I o a'" 



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£ d 'I' CO 3 






122 



STATISTICS OF INCOME 



E. — Gift tax rates and specific exemption under the Revenue Acts of 1924 

and 1932 i 









Revenue Act 




1924 


1932 2 


Net gifts 


As amended by 1926 






In effect from June 2, 


In effect from June 6, 




1924, to Dec. 31, 1925, 


1932, to Dec. 31, 1934, 




inclusive 


inclusive 






Rate 


Amount of 


Rate 


Amount of 


Exceeding 


Equaling 


(percent) 


tax 


(percent) 


tax 




$10,000 
20, 000 


1 
1 


.$100 
200 




$75 
225 


'"'$io,"ooo" 


20, 000 


30, 000 


1 


300 


2H 


450 


30, 000 


■ 40, 000 


1 


400 


3 


750 


40, 000 


.50, 000 


1 


500 


■AH 


1, 125 


,50, 000 


100, 000 


2 


1,500 


5 


3, 625 


100, 000 


150, 000 


2 


2,500 


6^2 


6, 875 


150. 000 


200, 000 


3 


4,000 


6>-2 


10, 125 


200, 000 


250, 000 


3 


5, 500 


8 


14, 125 


250, 000 


400, 000 


4 


11,500 


8 


26, 125 


400, 000 


450, 000 


4 


13, 500 


9)4 


30, 875 


450, 000 


600, 000 


6 


22, 500 


y>i 


45, 125 


600, 000 


750, 000 


fi 


31,500 


11 


61, 625 


750, 000 


800, 000 


8 


35, 500 


u 


67, 125 


800. 000 


1, 000, 000 


8 


51, 500 


12.12 


92, 125 


1, 000, 000 


1, 500, COO 


10 


101, 500 


14 


162, 125 


1, 500, 000 


2, 000, 000 


12 


161, ,500 


15>2 


239, 625 


2, 000, 000 


2. 500. 000 


14 


231,500 


17 


324, 625 


2, 500, 000 


3, 000, 000 


14 


301, 500 


18^ 


417, 125 


3, 000, 000 


3, 500, 000 


16 


381. 500 


20 


517, 125 


.3, 500, 000 


4. 000, 000 


16 


461, 500 


21 J 2 


624, 625 


4, 000, 000 


4, 500. 000 


18 


551, 500 


23 


739, 625 


4, 500, 000 


5, 000, 000 


18 


641,500 


24" 2 


862, 125 


5, 000, 000 


6, 000, COO 


20 


841,500 


26 


1, 122, 125 


6, 000, 000 


7, 000. 000 


20 


1,041, .500 


27>2 


1, 397, 125 


7, 000, 000 


8, 000, 000 


2(t 


1,241,500 


29 


1, 687, 125 


8, 000, 000 


9, 000, 000 


22 


1,461,500 


■mi 


1, 992, 125 


9, 000, 000 


10, 000, 000 


22 


1, 681, .500 


32 


2,312,125 


10, 000, 000 




25 




33 J 2 










Revenue Act 


Net gifts 


Specific exemption 


1924 as amend- 


Total amount of gifts made during 


Resident: .$.50,000 each 


ed by 1926. 


calendar year less: 


calendar year. 




(1) Specific exemption. 


Nonresident: None. 




(2) Oifts to an individual not in 






excess of $500. 






(3) Previously taxed property 






and charitable, etc., gifts. 




1932 


Total amount of gifts made during 
calendar year less: 


Resident or citizen: 
$50,oa) allowed but 






(I) Specific exemption. 


once; may be taken 




(2) Exclusion of .$5,000 for each 


all in one year or over 




donee (except future in- 


a period of years at 




terests) . 


option of donor. 




(3) Charitable, public, and sim- 


Nonresident alien: 




ilar gifts. 


None. 



1 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 on or before Mar. 15 of the subsequent year. 

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 



123 



FACSIMILES OF INDIVIDUAL INCOME TAX RETURNS AND 
PARTNERSHIP RETURN OF INCOME FOR 1934 



Form 1040. Individual income tax return for net incomes from 
salaries or wages of more than $5,000, or incomes, regardless of 
amount, from business, profession, rents, or sale of property. 

Form 1040A. Individual income tax return for net incomes of not 
more than $5,000 derived chiefly from salaries and wages. 

Form 1065. Partnership return of income. 

125 



S8019— 36- 



126 



STATISTICS OF INCOME 



TKBAerBvTuy^TMEWT 


FORM U»4 MUST BE FfLED WITH THIS RETURN 

INDIVIDUAL INCOME TAX RETURN 

FOR NH INCOMES FROM SALARIES OR WAGES OF MORE THAN J5,W0 
AND INCOMES FROM BUSINESS. PROFESSION, RENTS, OR SALE OF PROPERTY 

For Calendar Year 1934 

or fi»cal ynar besun _ ^ , 1934, and ended , 1935 


Do Not Write h Tliew Sp««i 


lAu^tAT** StAOip) 


Cede 




Nunker... _ 




DiAid 




(CeehJer* SeAmc) 




Fi, Hi. Relun rUUterll.ulhelSlhDirelllo ThW IVhnth Fo[knHo| the du. o( ll>. Ta>U. Yeu 






PRIIfT NAME AND ADDRESS PLAINLY BEU>W 






{Post office) (Counlyl " 'isHiii 






Fint Parnmt 



aipport Iron) rou d urine 



I j Pbnidan. sufcwQ. [ — I Teachw. of school 

I — I jQd^ gr UwTW, t — i ClfrpTaan or 

□ TKhoIcal ecefnMT. i — i Corpontlon uecutln 
cbcmisl, or vctilt«ct. LJ or muiafet. 
I [ Other prvrcsslooM ...„„^ 

D '"-«»' :^^. ■' 



'•J^"' INCOME ^™.„,„^ Er^^,^..4 
1. Satariea, ..Wages, Commissions, Fee«, etc. (Suu luuce ud address ot emploj-M) (iubu»M.r)^n 










S„ . 




















2. Income (or I>osa) from Buslncas or ProfcesioD. (Ftom Scbrdolft A) 
















4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Source. „ 

6. Income (or Loss) from Partnerships, Syndicates, Pools, etc. (suts nam*, widrtos. ud kind of business) 












































































































n. Other Income. (St«t« oattmB) (Cw »epwst« »chednlM( BKessur).- -, 












12. TOTALlNCOmiN iTEMft I TO 11 






DEDUCTIONS 


S 




















































17. Contrihiitinnn. fFipifcininRfh^^nirt r> ,,,, 












1& Other Deductions Aulhoriied b%' Law. (Explain la Schedule Ft „ 








19. Total Deductions in Items 13 to 18. - 




20. Net Ivcoue (Item 12 minus Item 19) „ 


S^ 









COMPUTATION OF TAX (See Instruclion 23) 



21. Net income (Item 20 «l)ove)_ 


.s 








20 
30. 
31. 
32. 

33. 

34. 




S. 




' 


22. Less: Perflonal exemption „™.. 


S 










Surta.t on Item 24. (See Instruction 23) 




















L 








Less: Income ta.^ paid at source (2% of 
Item 4) _.. 











25. Less: Interest on Lit>erty Ijonds, 
ele. (Item 9). _ 








S 






S 





Income ta\ paid to a foreign coun- 








' ' 














Balance of Tax. (Item 31 minus Items 3 






27. Earned income credit. (See 

InetruclicD 22> 

28. Balance subject to normal tas 














$.... 













I'we en-ear (or affirm) that this r 
knowledge and belief is a true, correc 
tions issued thereunder. 



AFFIDAVIT (See Instruction 27) 

s accompanying schedules and statements, if any) has been exar 
turn, made in good foiih, for the taxable year stated, pursuant t 



5_to and Bubficriljed by 

of 



. before me this . 



,193 



AFFIDAVIT (See Instruclion 27) 

I'we Fwear (or affirm^ that 1,'wc prepared this return for the person or persons named herein and that the return (including Us accompanying schedules and 
statetncuts, if any) is a true, correct, and complete statement of aU the information respecting the income tax liability of the person or person 
return has been prepared o( which I/wc have any knowicdgc. 

Sworn to and sutwcribcd before me this day of , 193 



1 for whom tbt» 



STATISTICS OF INCOME 



127 



SCHEDULE A— IN'COMB (OR LOSS) PROM BUSINESS OR PROFESSION (Sm InBtruetioo 2) 



1. TotAl r 



ript. fron 
Cost t 



2. Ubor 

3. Material and supplies 

4. Merchandise bought for «alc 

5. Other coate (itcmiic below or on separate sliect) 

6. Plus inventory at beginning ot year 

7. Total (Lines 2 to G) 

8. Less inventory at end of year 

9. Net Cu&t of Goods Solb (Line 7 tu 



En' 



'•€",• 



^M*\ 
! valued at cost. 



iaLiiJeS).LS 
1 Lines 6 and 8 to indie 



in Line 2 (do 
luct coQipcDsatlOD for your eervicee). 

11. Interest on business iudebtedoess to others.... 

12. Taxes on businees and business property 

13. Losses (explain in table at foot of page) 



14. Bad debts arising from sales or serviees.... 

15. Depfociiition, obsolescerice, and depletion 
plain in tabic provided st foot of page).. 



17. Total (Lines 10 to : 

18. Total DcoocriONa (Line f 
10. Net Pnorrr (on Loss) (Lir 



a Line 18) (Enter as Item 2)... S 



Explanation of deductions 
claimed on Lines 5 and 16.. 







SCHEDULE B— INCOME FROM BENTS AND ROYALTIES (S«c In.tniclion 7) 












L Kind o 


.P„,„„ 




»-^ |«?3^sjrjit^| '^-Sr- 


L Hutna 


(IUIILU«b«IO.J 


.LS'-'L'rTr 








5 




* 1 


s 




$. 

























i 






i 

















SCHEDULE C-CAPITAL CAINS AND LOSSES (See Instruction 8) 










L Duc&imoN 


~" LSSi. 


e^^E. 


A. Akocmt Ekauud 


TB*T D»Te^ (lii<U- 


euBSIgUENT TO 
bXtJUM 1, 1613 


si 


..O.„o..^ 


oVo'" 


"■'"S'°*~ 




. 0«ins 


b Loom 


•Held 1 VMr or 


less; 


M. Bo, Y,ir 






$..- 


J 





100 
80 
CO 
40 
30 






•Held over 1 > 
ever 2 years: 


ear but not 










•Held over 2 > 
over 5 years; 


eare but uot 












::: 




•Held over 5 % 
over 10 years 


cars but oot 






•Held over 10 years; 












TOTAI. G 


MNB AWD Losses (Entcrn 


et cain or I 


OSS as Item &) (Cap 


'tal losses are allow, 


able only to t 


e citcnl of S2.000 plus capital 


gains)... 


s 


S 



SCHEDULE I>— INTEREST ON LIBERTY BONDS 


AND 


OTHER OBLIGATIONS 


OR 


SECURITIES (See Inslruc 


lion 


»1 




L Obuoations OS ercnmito 


=~ 


3, IKTES29T RwtlVZO 


'■/S''^ 


"■ '{!H'£F'° 


kIo'"""", 


•r 


(a) Obligations of a Stale, Territory, or political eubdivtaion thereof. 










AI1..._ 


s „ 




S _ 




(fe) Obligations issued under Federal Farm Loan Act, or under such Act 








(c) Liberty 3H% Bonds and other obligations of United States issued 












(rf) Treasury Notes, Treasury Bills, and Treasury Certificates of 








.._.. 


AIL 

S5,000._ 

None 


- 


(/) Obligations of instrumentAlltiee of the United States (other than 

obligations to be reported in (fc) above) 1 






..._ 



SCHEDULE E— INCOME FROM DIVIDENDS 



Itemize all dividends received during tbe year, stating amounts and i 



nd addresses of corporations declaring the dividends; 



SCHEDULE F— EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS I. 14. IS. 17. AND U 



EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND B 



(U bulldlDss. suie matvUl 


AOICIBXS 


'^^: ■>-;^ES- 


.^£^xr.;.%v 


e RemukinoCost 


'u.''"i?.'" 


Wli° 




1 


..1 s_ ..!.... 




5 
























:_.::::.:; i 















EXPLANATION OF DEDUCTION FOR LOSSES BV FIRE. STORM. ETC.. CLAI.MED IN SCHEDULE A AND IN ITEM IS 





L Em Of TiOTixTt 


1 D» 


,^™„ 


acoc 


}.fs;;r.5 


ACQCuinoir 


U'.'.^^.trj— ™- 


Lms 














s 


$. 


i 


J 











1 

— I- 

....1 


















1 i 


. 






l:i— 



12S 



STATISTICS OF INCOME 



INSTRUCTIONS 



1. INCOME FKOX StlJLWBS. TAGES. COCISSIOXS. ETC. 



2. INCOMS .03 LOSS FEOM BCSDCSS OB PSOnSSIOM 
iMal 






,-;j cr 5T.-Ls.-c-i lis «--«r=^ ?-^» to "»* J- MO. *>» 

■.V.^CiCBK^;^'-:.- ,V cf lb!Ec»-«=»5e.1r:oJl«Jt.»ii«k- 
ffT^ is c^TAier, b.:; i= ce:«:T=l-:z4 LOSS t:* M53 !3 fcs*. (See i c.:»*- 113 «« 
t:c])«<«sxActci(13S4J II :ia*=>s=:ts!>cnns>s cost saeKTt&Biactal aril 
coat sf tbe snsntT kM cc esinased. Id dc»i:a BEs» ba fKi^boi apad^ 



tbRhl. I91S,«aiiati«Mssae5oiipropEtj->sitt«ttrti«i«»&irD«i*« 
T^ae as cf tlMt *«e, the coss sSi^ be relxed fcr the <" =-" = ■ — "- 

Bade ta rstare t^ l« «i u < at.i or pcokog ita n^I ISe. IJ* aat 




g; qaaje *&caaersad 

laoeeBexad E: 
klcapaee Icffttairtxra: S 



•(I^mlCaFis 

as^dttAe 

nsi. ts:% nssL jBi HM tbr 



_^ , _ :(HCKtor8«bs*3;<iiCn>B9nai^WnKe: 

Btfib ta paas Saks; M AisaaBt edsdsed: aal (/) Gns pntt cc i 
^sBKaid. SceSacs>cs4«cf«eBerasaEActa(ISH. 

SiBd«f li^^aas. — De acBa »the^b««aes»erp»qfe5By iattei^aee r- 





.- arczimi -fa^ l Hi i ^ i nr ^oaid be 
t '• 1^' "J ooES 'Vaot Kj i ll l ^l ga CB9tl ef tbe 

T^~.'~-.y Trii , . ■.■- j »' poor W Ur& 1, ISaj, a «a tecBpsed ea 




bei^arftilK 

.USB imccusiES 

cfQe 




. iWtfaepKpaaaaf this( _ , 
-5 ;7«si££ tae stoc^ cvbrL d h e Ltty or 
. ^;:.::t of ■■ iaiSrslad ikaBladade oaly 

-^-.^^ r; i::^ vbbte (x ba^ bk>od<, iDoaK, ■ l uj i f ^ 

Bfverae Ac: d 1SS4 r^iaj"g to csfittal ^tias aad 







Sl KTEK^ ox UEEBTT BOXDi ETC. 

A<rLt _^ - ; _-. :Ts^aa7aI Vt irffjiaiii 

[ the y t hMj^al j 




cf SajOOQC ar asy 

be QedB,aod tig total cf'^asatseac irlna l Hl mC 
as Ilea 9 OQ pa^ 1 cf tie letan. 

(See alsa lumaujc e 31, saasm^ «.} 

M. UlliltiMiS 




Ti^ I cf tic USl Ad (aaeia 

10 {ei tfc»a3cMij Iiuej ^ frnrja i la j ii i li y 
afidel ta tee besots cf Seaiae ZSl cf I 
uLtaiuu e J tader ^e Gasa Tade Ad* I£2. 

- ' *:^ 10 M oris «c) BCBt Bdaae Fee 
t. ScicktaxisdedactKdeialteB 14. 



tbe 19M AcCaadl 



11. OTHEB DJCOJCE 
&deraaB^Ualod]a'tK£&r££ ^^xcx^x -wtxii no ipace g ^ jii JaJ c 

iEieeB. 

12. TOTAI. INCnMB 
&*K aa Ben 13 Se set ascEst cf iKsa I toll. : 

aoe 1. nd loses ia Itesie 3, 5, 7. i 

U. mUU&T PAID 
Eahr M Hen n edmst psad oa seaonl ladcbaedaeK aa <i 

■ (irii^f^aU be dcdacud CEids Sebed 




IS. bosses BT FKK, SnmC ETC. 
B^r M Itea 15 kaan tf pnlKrtr aat e 

I 111 II 1 ibiiii 111! Ill riiiiil I HI . 

Ifcabrt 



STATISTICS OF HTCOME 



129 



1«. BAD DEBTS 
Enter m Item 16 aU biul debU other •.'-&= tho 
Sebedide A. Stete in Schedule F. fs) cf v-ia: •..« de-u -c 
wen created, (?) wben they becacoe d^ic, 'i, *i_*t ef?c-j 
•fid (e> bov tfa^ wen actoAny detaTcined tabe vcixi>«. 

17. covnuBcnoNs 

£o(er aa Item 17 eoctnbotioQs or p/u omU vithis tbe taxable jrear to ;.- 
UMporaticKi, or truat, or eoouBumty chest, fuad, or fonndatioo, oc^oiaed ij 
opomtod esuliuiTelx for reti^poafl, charitatle, acientifie. litcrmrr, or edacat. ' - _ 
purpoaea^ or for the prereatioo ot erod.tr to children or ■"•"*»'■. no part <U 
•eC camnui of whicn iourea to tbe bezie6t of any priyate iharehokKr or '~ 
vidoal, and no wtiatantial part ot tbe actmtiea of whicb ia caiTjring oa err ^ 
^nda, or otbervue attempting, to inflaence legwlatioD- Tte acKMist f* ■ ~ - 
abaU not exreed 15 percent of yoor net ■'"****** eo m pqted without tbe bene£'. t 
Una dedoetioa. A BdnriarT filing the return for an ertate ta»r daim, in lie-^ t 

thbdedoetaoo. that pnmded 13 Action 1G2 of th< -- 

•■d amomrta ooothbided to each ia Schedule F. 



1 1G2 of the 1834 Act. tMor^sta:^^ 



la. OTHEft DEDCCnONS 

Enter aa Item ISacroUter authorised dedaettooa ir- - 
Tided oo tbe return. Do tuA deduct loaeea tiie*irred ti: ' ~ ^ 
■eitber eoonected with yc*ir trade or b-oaioesa, oor cnv - 
expenditurea tnctjrred is earning w^wtTy tax-escnrrt in - -- " 

If the return is EJed for an estate in proccas of acmin.!- -. . -^ 

dedocted the amount of any in=omc paid or credited " —y 

deductioa riaimed shoold be explaiced ia S c hedule F. 

19. TOTAL DEDCCnON'3 IN" ITEMS U TO Id 
Enter aa Item 19 'he total of Items 13 to 1^ iri'-^Te. Tbia amj^'irt eboold 
Dot iwT^y'tt any dad aet ioo j>t»fTnor4 ^q Sdaed^Le A cr B. 

2*. NET INCOME 



your booka, un>sa such method doea not deariy reflect your iococce. 

XL PERSONS BEQmRO) TO MAKE A RETURN OF INCOME 

An laeome tax return most be filed bjy every dtizes of the Uofted Suiea 

wither reaidins at home or abroad, aac ever^ peraoo residing In t^ Cnited 

Slatea though not a eitixai theieaf , -arooae graaa mcome for tbe laxahte year 1934 

aaoocted to S5.000, or whose net ii^ome amoonted t^— 

(a) Sl.OOO if ei^xle cr if zi-^rried and not living with *'«*«"^ v wife; 

(6) S2,500 if - i~ -- i: ^ ■ ^^ ^ch hnsfaaad or wife; or 

ie) ilore'TL- — '.- ' - =ptiaa if etatiis of taapayer diac^sd. 
If an iodivii ^ ■ _ -r net income, i p d udni g that of depcBdent 

minora, if acT. U S - r' the gniaa income ia S&OOO or over, a <ctam 

tw^stixf'rd -i?omeof h asbaod and wife, aad dependen t 

miner - :rer, or if tbeir eombiced grom tiicome ia 

tS/yy -j^ reoorted on a joist ret-jn:, or oo separate 

retuTTi-i '-^ '3e noabacd aod wife eiect to file eeparate 

P!*r "J --» is $5,000 or over, each abaU malce a 

1 -^ ?f bis death was Sl^OOO or orer, 
^3 by Seetiaa 25 (b) (1) aad (3) 

. :^«aM to hia atatna aa tbe head 
'- '■* h3 eroaa tnoome for tbe 
.-•=•-- abna tsake a cetm^ for 

-t, (i) treata, wbefber 

I - -_;';'':- r^ar^distriba- 



SZ. EARNED INCOME CREDIT, PERSONAL EXEMPTION. AND CREDIT 
FOR DEPENDENTS 



24. ITEMS EXEMPT FROM TAX 
1.% tuBBA an aiempi fm^ Federal income tax i 





2i COMPTTATION <» TAX 

Sartax. — Tlie aoTfax oa any amoont of aoxtax net ineorae not ahovn in tfae 

table bdow ia computed by addiEig to tbe aartax for tbe largest amoizct diown 

which ia !»«■ than t-''** iiKCOK^ the aoitax opmi the rr ff^ w over that amossC at 

the rate indicaxed m tbe taUe. 



A 


s 


'= 


* 




B 


■^ 


»tftS4jm 




eajnu til— 




X 




aSS&SS 


B 


IMS 






IX«« 




i <2 
















IT 






SSt 5K2 




aimiasjM 


iKsa 




mSS mtm 








-^--r- 






•umuauia 


U«IB« — __ , 





2Su ACCRUED OS RECOTED I> 

If yo«r booka of aeeoaci are kept oe the acc-ij- 
aecTDed, ma thOQg^ it baa Dot been aetaailmce.v ^: 
aod expenaea incurred tnatead of eqimiaea pa. :L 
tbeaeenial baaa, report aR iaeorae meetra: 
bank tsterest credised to yosr acoomrt, ar : 
decedent sbaR indude aa itema of ioeorae a^ 
of death reginfliws of tbe tact tbaft tfae dacg. 
aeaahbaaa. 

a&. PERIOD TO BE COTERED BT RrTU^S' 

Tbe retma m aa t be Bed on this form tat tfae ea>oiar T2&r 1 ^J4 cr .'?? a 
year began ia 1934 aad eoded in 1935^ 

Tbe aeeooatiBg period eatafaiisbed m^ te ■' - * "- -^^eqoect 3 



». APHDAVTT 
T ai p aj er ar atfeaL— The affid a vit 1 
is reported mdeaa he isffl. i' 
paotated, m whicfa eaae tfae legal represent 
ajSdaviL ' ' ^ 

foHr. aad wm?^ iia rr 

other than ti« taipayer 

bvit at tbe Coot cf page I of lae r 




retVBsboald be mrara to before a aotary pafaiie, jmtiee cf tbe peace, < 
penoa aotberned to m i tiurmur oaths, aae^ aa at toracy or a^ct en^pl . 
i^rese::! the tazpajer before xix DepartBtect la eo n ngrt i nn wiih hss t ari tabil it y- 

23. WHEN AND WHERE THE REHTRN MUST BE FILED 

T^e relara cust be ae=t to the ec^Seetor of isteraal rrrenos for the district h 



which yoa Hre or bave yoor p cineip al place of bcsaeaa, so aa to reach the eol- 
iector's office on or before tbe Sfteeotfa day of tbe thzrd aceth EoOowisg tfae 
yoa haae no legd re a d e a r e or^piaee at 



291 WHEN AND TO WHOM THE TAX MUST BE PAID 

Tte tax ff^***^ be paid, if poasfale^ by fffn^*^ or Ltlugiug wiih the r«t=xe 1 



as lcOowa= Tbe first iMfaRmpnt rimR be paid oa or before the O Tx i 11 rh day oC 
tte third month foOowicg tfae doae of tbe taxable year, the aeesod iufsHnnrfr 
Ad be paid OQ or before tfae fifteotli day cf tfae (hied oaeth. the thsd iasCiA- 

■ent oa or before tfae fiReeatfa day ef tfae acEtfamaBtik,aBd the faar-^^—^** - 

oa «r before tbe fifteestfa day of tbe Btsth mcmtfa after tfae kCeat d 




For d iJuMty ia tax.— Intereet oa a drf ei aey at 6 percent pa- acssm to Oa 

Jj-.L Llii. ilifiT iisaiiwi 1. n Ti f-r -^■^^-•— ■- ->-j -»— ■■'— g»^ -^ = 

of the restrietioaa oa am eajaumt and coBectioo, a h i LfaiMj dMB m the esgfcr,. 
and, in additioe, 5 pereeet of the amocnt of tfae dpfir i rwry if dae.t»aeg&9eae» 
or mteotioGal diseiard of rules a=>l re^rilatioca wicfaaa* ieStrnt to d rfraart , ^ 
SO pereCBt of amoont of the deaaergy if dae to Craod. 

31. IN-FORSiATKKi AT SOGBCB 



130 



STATISTICS OF INCOME 



FORM 1094 MUST BE FILED WITH THIS RETURN 

I INDIVIDUAL INCOME TAX RETURN d. «. «ite - toj,- 



FOR NET INCOMES OF NOT MORE THAN 55,000 

DERIVED CHIEFLY FROM SALARIES AND WAGES 

For Calendar Year 1934 



PRINT NAME AND ADDRESS PLAINLY BELOW 







(Nw^ej (B-U 




»d «ttc 


•( U.» » a joinl r<tu 


tuJ 








re«t udB 


unb*f.M 


nifkl foutel 




(Po.1 


office) 






(COu 


Dt>} 


(8ute) 



OCCUPATION 



lC«*kl«r'a atwnp 



Caah Ch«ck M.O. 



1. Are you a citizen or resident 

of the raited Siates"" 

2. Were you marrie'l and living with bus- 



>' dependents (eicept husband o 



3. Was a separate return fileO by 5. How , ._ 

hushand or wife' their chief support from you during your taxat-le ye 

4. If not married, were you the head of a r> Stale dale and nature of any change 

family durinn your taxable year? under questions 2. 4. or .1 during the year 



^^™ INCOME 

1. Salaries, wages, commissions, fees, etc. (State from whom received).. 



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 (inclading income from fiduciaries, partnerships, etc.) (State source); 



5. Total income in items 1 to 4 

deductions 

6. Taxes paid „. 

7. Contributions (Explain oa reverse side) 

S. Other deductions authorized by law (Explain below); 



9. Total deductions in items 6 to 8 

COMPUTATION OF TAX 

10. Net income (item 5 minus item 9) 

11. Less: Earned income credit 

12. Personal exemption 

13. Credit for dependents 

14. Balance taxable at 4% (item 10 minus items 11, 12, and 13) 

15. Total income tax (4% of item 14) 

16. Less: Income tax paid at source on tax-free covenant bonds (2% of item 3) 

17. Income tax paid to a foreign country or United States possession Attach Form iiifi). 

18. Balance of tax (item 15 minus items 16 and 17) 



AFFIDAVIT 

I/we swear (or affirm) that this return has been examined by me/us, and, to the best of my/our knowledge and belief, is 
a true and con^plete return for the taxable year as stated, pursuant to the Revenue Act of 1934 aisd regulations issued under 
autiioritv tliereof. 



(Ifr 



5 made by agent, the r 



t be stated on this Hoe) 



Sworn to and subscribed by 



before me this.. 



. day of , 1935. 



(Signature) (If thi? is a joint retuio (not madeby ageot) it mu^t be signed 
by both husband and wit6 and sworn to before a proper oficer by the 
siK>ii5e preparing the return, or if neither or botb prepare the return then 
by botb spouses.) 



(Signature and title of officer administeriag oath) 



(Address of agent iff 



STATISTICS OF INCOME 



131 



STATEMENT OF CONTRIBUTIONS 



Nauc 


OF Or 


..... 


ION 1 AMOUNT Paid 


Name o 


F Organization 






Amovnt Paid 


. Js i.... 




S 


















INTEREST ON GOVERNMENT OBLICATIONS. 


ETC. 














Obligations and Securities 


1 •" 


OUN 


T Owned 


lNTEftE3T 

Received 



<a) Obligations of a State, Territory, or political subdivision thereof, or the District of Ck)lumbia, j 
or possessions of the United States _ ! 

(6) Obligations of instrumentalities of the United States (such as obligatione issued under j 
Federal Farm Loan Act, as amended, Home Owners' Loan Act, etc.) 

jc) Obligations of the United States 



DIVIDENDS FROM DOMESTIC CORPORATIONS 



State the amount of dividends received from domestic corporations which are subject to income tax under 
• the Revenue Act of 1934, including your share of such dividends on stock owned by a partnership, syndi- 
. cate, pool, joint venture, etc., or an estate or trust S.. 



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, together with the costs of prosecution, and, in addition, 25 percent 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 percent per annum to the date the deficiency is assessed, or to the thirtieth 
day after the filing of a waiver of the restrictions on assessment and collection of a deficiency in tax, whichever date is the earlier, 
and, in addition, 5 percent of the amount of the deficiency if due to negligence or intentional disregard of rules and regulations 
without intent to defraud, or 50 percent of amount of deficiency if due to fraud. 



INSTRUCTIONS 



UABILITY FOR HUNG RETURN 



Stales, though i 



r (b) S2.500orover. 
ving with husband or wife, or (c) more than the personal exeinp- 
s of the taxpayer changes during the taxable year. If the com- 



ovar, either each must make i 
in a single joint return. 

Everji person required to t 
Thetber taxable or nontaxabl 
irems shown upon the return 
(3) tots) deductions, (4) net im 
poses of normal tax, and (R) 



Name and addi 
. (5) total credits ^ 
; payable. In case of any fail' 



(2) total gross i 



.-shall be added to the t 



lie such 
the collector shall prepare it from the return, aod S5 



ITEMS EXEMPT FROM TAX 



(a) Amounts received under a 
death of the insured 
(6) Amouais received (other than by 



contract paid by i 



be excluded from gross i 



shall be included in gross 



amount equal to 3 per c 



except that there shall 
I'lhe amount received m the taxable 
na of the aggregate premiums or con- 



. sideration paid for such b 

(c) Gifts (not made as a consideration for services) and properly acquired by 
bequest, devise, or inheritance (but the income from such properly is taxable 
and must t>c reported). 

(d) Interest upon (l) obligations of a Slate. Territory, or a political subdivision 
thereof, or the District of Columbia, or possessions of the I'nited States. (21 obli- 
gations of JDSl rumen tal it ies of the United States; and (3) all obligations of the 
Vniieri States. Inleresi on i7c and ^J«% Liberty bonds and Trea3ur>' bonds, 
owned in excess of $5.IX)0. and on obltgations of instrumentalities of the I'nited 
Slates (except obligations i^■^ued under the Federal Farm lx)an Aci, as amended) 

le) Amounts received as accident or health insurance lor personal injuries or 
Sickness, plus damages received on account of such injuries or sickaess. 

(/) Rental value of a dwelling bouse and appurteaances thereof furnished a 
minister of the KOST>el as part of bis compensation. 

(g) (Compensation paid by a Stale or political subdivision thereof lo its ofl^ccrs 
or employees for services rendered in connection with the exercise of an essentia! 
governmental function. 

(A) Compensation received for services rendered without the United States 



(except a 
whoi: 



; paid by Ibe United i 



sident for i 






Salaries.— Enter as item I all salaries, wages, i 
from outside sources by (a) yourself, (ft) your hi 
is 51ed, and (<■) each dependent minor child. 



)ther compensatit 



ved on bank deposit 



The (8x of 2 perceni paid a 



the debtor corporatu 



1 16. Interest on bonds i! 



I bonds upon which a 
1 should be entere>d as item 3. 
.t sbouid be claimed as a credit 
le when due and payable. 



Act of iy34 (such as building and loan 

on Slock of foreign corporali — " ■ '' "" 

(whether received or not) ic 



!. including rents, divi- 

etc), and dividends 
:i^, lucuuie ui su vmuiv ur iiust, aod your share 
itie profits of a parloership. syndicate, pool, joint 



DEDLCTIONS 

Taxes.— Enter as item 6 all personal taies and t 
ihe year. Do nol include Federal income taxes, o . , , 

succession, and gift taxes. No pan of foreign income and profits taxes is allowa- 
ble as a deduction it a credit is claimed lo item 17 of the return. 

ContribDtions.— Enter as item 7 any contributions or gifts made during the 
year to any corporation or fund organized and operated exclusively for religious, 
charitable, or educatiooal purposes, do part of the net earnings of which in 



of Ih 



i legislation. The amount claimed shall not exceed 16 percent of lb 
computed without the t>enefit of this deduction. 
PR of organiialious and amounts contributed to each in space above 
" er as item 8 any other deduciions authorized by law 
personal indebtedness. 

EARNED INCOME CREDIT. PERSONAL EXEMPTION, ETC. 



In computing ihe normal tax, but c 



Ihere may be claimed a credit 



claim a personal exemption of Sl.OOO. A person who. during the entire ta.\able 
year, was the head of a family or was married and living with husband or wife, 
may claim an exemption of $2,500. II husband and wife file separate returns, 
the personal exemption mav be ttken by either or divided between them. 

A "head of a family" is an individual who actually support's and maintains 
in one household one or more individuals who are closely connected with hiq» 
by blood relationship, relationship by marriage, or by adoption, and whos* right 
. ___. :j-/,. .. j..„_,j — •, individuals IS based 



r phvsically dei 

^ . . This credit ca 

nishes Ibe chief support, and cannoi tied 

If the status of the taxpayer, insofar l. . . 
credit for dependents, changes during the taxable year, the personal e 
and credit shall be apportioned in accordance with the number of months before 



_nd after such chauge. For the purpose of such apporti 
of a month shall t>e disregarded unless it amounts to 
in which case it shall be considered as a month. 



i fractional part 



GENERAL INFORMATION 

Aadsfll.— The oath will be admiuisiered without charge by any_ collector. 



deputy collector. 



^._. officer L 

ailable. the return should be swom'to Lwfore a perscn authorized to admm- 
er oolhs. except an attorney or agent employed to represent the taxpayer 
he Departmenl in connectio 



Relorns.— File the relurn with the Collector of Internal Revenue for tb« 
di-itricl in which you reside on or before .March \b. 1935. 

Tax.— The Us may be paid si lime of filing the return, or in four equal in- 
stiUmenls payable quarterly. 



132 



STATISTICS OF IXCOINIZ 



rORM us* WLST BE =-;LED WtTH THrS RETVRV 

PARTNERSHIP RETURN OP INCOME j. 



>i>t TAe h TWse SpKo 



i For Calendcir Year 1934 

' Or FTsn! Tmt sefn: . 'f!-!. uc -5ks 



Si *:x>r^' cf T^s ^ 



GEOSS DtCOMK 



I Ml ilaiiTii Sm^Ti: Ssi 



(d Cos rf bCHi^ nc^UES, ez. ^BnrasBBi^ji: . 

M I^iE«sao;stc9dtf JCK- 

«.a—>iJih»iltiiiiiii 



J L 



i « 



rh^fa^Ott^^ifaagMiat.gyTrTt'^v^iPaeii^eae. < 



t— 111 liii !■ ii—'iMi^a 



I'OK&sTii'mNifBS Sb 



Fill ■Tl Til III dM 



r 72=e I SI 1534 Aes . 



DOHTCnONS 



1 



Tiwil I 1_ Till tl I tTnmffmtt^Si . 



3L. C&Kdbnfe Cnedn 









PAKTMaeS- OE MEaiBEXS' SHAKES OF INCOME A-M) CBEMIS 



=^=H= 



STATISTICS OF LNTCOME 



133 



SCHEPCIJ *— COST OP lABOB. SCTPUES. EIC See lartreetje B 



SCHEDCLE a— CAPTTAl CUXS A>'D LOSSES 



°SiS" ••*:«» 


>.:<_ 




I 
























J* 







•Hdd 1 JCK or ks: 


1 










1 






s ' 1 


•Hdd onr I j«K bii« BM 


1 
1 












1 i 


















t 


•Hdd onr 5 ?eaa Ixt Bot 
onrlOjais: 






1 






t 


•Hdd OT«^ 10 »«t-i: f I 




' i ' 


III 



TotalGatw AjnigjOesls ^EgtereetjpBBflrbg»ItBag^ ^Cifait«lfaaeej«rg*3o^raMeaQlytotheeoeBto£gjaODclgs>^^^^»«'r;«*;^ 



SCHEDCLE C— COST OF EEPAISS iSce lasnsetkn to 



SCHU>C1E D — TAXES PAID geg l aati-idju a I7> 



SCHEDm E— EirLA-N'ATlOX OF PEDCCTIOS foa mSSES BT FME. STOKM. ETC- Seg Inngggoja IS 






SCHEDCLE r— ECTLANATIOX OF DEDCCTHW PO« BAD DEBTS ^«e laKrartaii 1». 









^i ! ' 


t 1 


7«ll 


f 1 





SCHEDCLE C— EIPLAXATIOX Or DEDCCHON FOB DEPKECIAIIOS 3« 



L CoBrnSUacxL 



I f 



SCHEDCLE H— XOXTAXABLE OBUCaTIOXS. LiBEHTT BO»DSw ETC 



. (■} OfcG^tiaQS of a Stat^ Tasiiarf, or set pousical scbcrsaoo tfegeoCi or Cfae DisSciet of CaisBfiB. «r F. S. p 
ak) OfaGpUoes tsaed voder tbe prarsaons of t^ Fedexa! Faca Losa Act. er bh^t sneb m 
(c) Laierty 3?^^ Booc^ mad ot&er ""'^*i'"'^ oc Uzitec S^tes isaed en «- be£iR ■S'p*"'"^'^ 1. 19r 

(i) Treasorv zotes, T re a ymy faS^ aaid Ttvss^rv certiScites cf jad abfa tfaess 

<e) Liberty 4^% ssd 4^5c Bonds aad Traasasx *'««'» 



<r) QbBga^xcs cf iastrzsgntaStes rf fta Tatted SUies foaagr tfeaa enlnsitSfje:? ta be wported ea >^ abCTgV- 



SCHEI>C1£ hSSCOME FSOM DinDENDS 



t aB^^se all cBvidept fa lecernd "■uj i 'g Uk T'car, 5Sa£c=$ aaovsSE nrwf aBcxs sod ad&^szs cf e 









AFFIDAVTT -See ItisSrjac^as. 30) 

:. c E- - ^ ITS s.»cci?a:;virx =cb&i-;jes a^d scacsaesks. S'aaj) ias bee= « 



AFFIDATIT (See I^CTcrskiB oCO 

X "v? s^-ear or &Cj.s^ tbst I've piecared t!££S nttca f'Cr t2e orexsLEsnoit aaaed ie^«E» vit i 
exst^aesrs, £^ &sv £ a irae. ccct^ci, sod ecn-pwrte staSesKst cf aS. tbe ayJ-ygBttME. xc iig e cStig tiae a 



S— rrr: *= a=d baLtaSx d brfcre aie t 



134 



STATISTICS OF IXCOME 



INSTRUCTIONS 

The lnstn.cd0B« Numbered 1 ,o 25 Correspond with .he I.em Nambers on ,he Firs. Page of the Return 



1. GBOSS RECaPTS 

T professioD in the space j 



Descnbe the businra or profession in the space provided at the top of pace 1 
ud enter as item 1 on page 1 of the return the pttss itfctipts from sale, or Kmees 
leaiany discounts or aUowaaecs from the sale price or service charge 

Peer's Ineeme .ched.le— U the organiiation operates a farm and keep, 
no t>ools of account, or keeps books on a cash basis, obtain from the ooUector 
and attach to this leturn Form KMOF, Schedule of Farm Icccme and Expenses 
llnd enter the net farm Income as item 3 on page 1 of this return. If the fann' 
DOORS of account are kept on an accrual basis, the filing of Form 1040F is 
optjonal. 

IlutaUnieilt •»!««.—« theinstallment method is used, attach to the lelum 
a scliedule showing separately for tbe taxable reare 1931, 193J IQ33 and 1034 
the following Informiition: lol C,«s sales; i6) cost of goods sold:' (cl gr^ proBts- 
(<0 percentage of profits to grc^s sales; (r! amount coUeeled; and (/ 1 gTO« profit 
on amount collected. See section <4 of the Re\enue Act of I634. 

2. COST OF GOODS SOLD 

Enter as item 2 the information reQuested in lines (a) to (e), and list in Schedule 
A on page 2 of the return the principal items of cost included in the amount 
entered on bne (c). tbe minor items to be grouped in one amount. 

InreBtories.— If the production, purtrhase, 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 knd end of the taxable year. Enter ■■C". or 
"C or M", on lines (o) and (i) to indicate whether the inventories are valued 
*t cost, or cost or market, whichever is lower. 

3. GROSS PROFIT 
the gross profit derived from the business or profession, which 
2, the cost of goods sold as eitended, from item 1, 



and repairs made to 
deduct ordinary repair., __ 
No loss shall be recognii 



include cspenditutes for additions, iraprovemenU, 
the property or prolong its useful life. Do not 
est, or taxes in computing gain or loss. 

other disposition of shares of stock 



a has acquired substantially identical 1 

or after the date of such sale or disposition. 

a the trade or business of buyiog and selling 



■here the organizati 
or securities within 30 days befon 
unless the organiiation is engaged 
stocks and securities. 

No deduction shall be allowed in respect of losses from sales or exchanges of 
property, directly or Indirectly, W bet«cen members of a family, or (B) except 
in the case of distributions in liquidation, between an Individual and a corpora- 
uon In which such mdiMdual owns. di,«Uy or indirectly, more than 50 per- 
cent m value of the culst^ding stock. For the purpose of this paragiaph- 
i .,' r . , "^ considered a. owning the stock owned, directly or 

tadirectly, by his famUy; and (D) the family of an individual shaU include only 
lu. brother, and' sisters (whether by the whole or half blood), spouse, aneestoii 
and iinesl descendan la. 

lo^^ P^^'^o'^ of the Revenue Act of 1934 rclAtiug to capital gams ud 
e*c 117 ,ai o^n^ f^-lfl the «i* of B brm^. mh- .k.- 9 «n»miltm. mJj tbe folio^U* 



Ib obtained by deducting 
the gross receipts. 



4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP, ETC 

Enter as Hem 4 the ehare of the profits (whether rweived or not) (or of the 
losses) of another partnership, sjmdicate, pool, joint venture, etc., except that 
the share of di\idends on stock of domestic corporations shall be included in 
Item 10 (Q) and/or (6) on page 1 of the wtura. and interest on obligations of 
tbe United States, etc., shaU be reported in Schedule H, page 2 of the return 

If the accounting period on the basis of which this i^tum is filed does not 
coinode with the annual accounting period of another partnership, syndicate 
pool, etc, from which income is received, there should be included io this return 
the distributive share of the net profits (or losses) for the accounting period of 
cuch partnership, sv-ndicate, pool, etc, ending within the accounting period for 
which this return is filed. 

5. INTEREST ON BANK DEPOSITS, ETC. 
Enter as item 5 aU interest received or credited to tbe account of the organiza- 
tjon during the taxable year on bank depodts, notes, mortgages, and corporation 
bonds, except interest on bonds upon which a tax was paid at the source. Inter- 
est on bonds is considered income when due and payable. 

&. INTEREST ON T.^-FHEE COVENANT BONDS 

Enter as jtem 6 interest on bonds upon which a tar 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 pereent paid at the source on such 
interest should be allocated to the partners or members in column 6 of item 25 
page 1 of the return. ' 

7. RENTS 

Enter as item 7 the gross amount received for tbe rent of propertv. Any 
deducUons claimed for repairs, interest, taxes, and depreciation should be 
included in items 15, 16, 17, and 21, respectively. 

If property or eropa were received in lieu of cash rent, report the income as 
though tiic rent had been received in cash. Crops received as rent on a crop- 
Bhare basts should be reported as income for tbe ^-ear in which disposed of, unless 
this letuni show income accrued. 

«. ROYALTira 
Enter as item 8 the gross an 
claimed on account of depletion, 
23 (m) and 114 of the Revenue Act of 1931. 

9. CAPITAL GAINS ANT> LOSSES 

Report sales or exchanges of capital assets in Schedule B and enter the net 
gain or loss to be taken into acccict in computing net income as item 9 
(CAPITAL LOSSES ARE ALLOTfABLE ONLY TO THE EXTENT OF 
J2,aX> PLUS C.APIT.\L G.UNS.) Describe the property b.-ie9y. a^d state 
the price received or the fair market \-alDe of the propertv received in exchange. 
Expenses connected with the sale or exchange may be deducted in computing 
the profit or loss. 

If the property sold or exchanged wm aequired prior to March I, 1913 the 
basis for dctennining GAIX is the cost or the fair market vaiue as of March 1, 
1913, adjusted as provided in section 113 (b) of the Revenue Act of 1934, whJch' 
e\-er is greater, but in determining LOSS tbe basis is cost so adjusted ' If the 
property was acquired after February 28, 1913, and the basis is not otherwise 
determined under any of the paragraphs (1) to (12), inclusive, of section 113 
(a; of the Revenue Act of 1934, then the basis shaU be the same as it would 
be in the hands of the transferor, increased ia tbe amount of gain or decreased 
in tbe amount of loss lecognixed to tbe transferor upon such transfer under 
the law applicable to tbe year in which the transfer was made. Iftheproperty 
was distributed in kind by a partnership to any partner, tbe basis of such pn>[^ 
eity in tbe hands of tbe partner shall be such part of the basis in his hands of 
bis partnership interest as is properiy allocable to such propertv. (See section 
113 ot the Revenue .^ct of 1934-) If the amount shown as coet is other than 
actual cash cost otf tbe property soW or exchanged, full details must be fur- 
lusbed regarding the acquisition of tbe property. 

Enter as depreciation tbe amount of wear and tear. obsofesceDce, or depletion 
which has been allowed {but not kss than the amount allowable, in respect of 
5uch property einoe date oT aeqnisitjon, or since Mareh 1, 1913. if the propert 



own la ti» fxtiaaiy course a 
dsttrralnlng Uw [slod far a 



* purpcee of subserUoa (1 



f*d on BD eichaage (hen 



00 sodi dbtntwiioo. 



a ia Uw dtttribuilc; oorporaiioa p 
period far wUdi Ibe Uziiajer bas 



otbcr dispoGitiot) of sibstaauollj i. 



e period lor whlcb be bcM Um stock 



firfKnjiM ol opitaj > 



e cw»sid»wl as fsias or losses Ironi skIgs c 



ib7& 



D uclik3g« ibenlor. 



of such dividends 
pool, etc. Enter 
is not subject to taxati 
building and loan 



ompo&s or ia registered Ions, sti 

Notwithstanding the provisions of section 117 (a) above, 100 percent of 
the gain resulting to the distributee from distributions in UquidaUon of a cor- 
compuLiog net income. (See section. 



10. DniDENDS 
Describe in detafl in Schedule I aU dividends received during the taxable year. 
Enter as item 10 (o; dividends from a domestic corporation which is subject 
to taxation under Title I of the Revenue Act cf 1934 (other than a corporaUon 
entitled to the benefits of section 251 of tbe Revenue Act of 1934 and other than 
corporation organiied under the China Trade Act, 1922), including the share 
. ^^ stock owned by another partnership, syndicate, 
10 (6) dividends from a domestic corporation which 
under Title I of the Revenue Act of 1934 (such as 
). Enter as item 10 (e) dividends from a 
foreign corporation and dividends from a corporation entitled to the benefits 
of section 251 of the Revenue Act of 1934 and a corporation organised under 
the China Trade Act, 1922. 

Dividends reported in item 10 (a) or 10 (c) must include Federal excise tax 
thnt^n, withheld at source. Such tax is deductible in item 17 

11. OTHER INCOME 
Enter as item 1 1 all other taxable income for which ] 

elsew^hcre on page 1 of the return. 

12. TOTAL INCOME 

Enter as item 12 tbe net amount of items 3 to 11, inclusive, after deducting 
any loGses 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) 
erf item 2; except compensation for partners or members, which shall not be 
claimed as a deduction in this item or ei£ewhere on the return. 
14. RENT 
item 14 rent on business property in which the organization has no 
) not include rent for a dwelling occupied by any partner or member 



1 eptace is provided 



for residential purposes. 



15. REPAIRS 



was acquired before that date. In additioi^ if the property was acquired bcW i interest 
March 1, 1913,tbecoEtEhall be reduced by tbedepreciatioa actually sustained member 
before that date. ,^ «,- ' 

oUigatioi 



Enter as item 15 tbe cost of ordinary repairs to keep the property in a usable 
I condition, including labor, supplies, and other items which do not appreciably 
j add to tbe value or life of the property. Do not include expenditures for tbe 
I cost of replacements or permanent improvements to property, nor the cost of 
j business equipment or funuture. List in Schedule C the p^jndpal items of cost, 

I grouping the miiM>r items in one amount. 
16. INTEREST 
5 item 16 interest on basiness indebtedness to otherg.. Do not include 
1 capital invested in or advanced to the busiivess by any partner or 
tor interest on iodebledoess incurred or continued to purchase or carry 
i the interest upon which ia wholly -exempt from t 



STATISTICS OF INCOME 



135 



17. TAXES 

Eoter Sfl item 17 taxes 00 business property or for carT>-ing on bustoess. Do 
not iodude taxes assesaed against local bcoefits teoding to increase the value of 
the property assessed, aa for paving, etc.. Federal inconie taxes, nor esUle, 
inheritance, legacy, euccession, aod gift taxes, cor taxes entered in col'imn 7 of 
item 25, page 1 of the return. Lift in Schedule D each class of taxes deducted. 

18. LOSSES BY FIRE, STORM. ETC. 

Enter as item 18 losses Bustaiced during the year, if incurred in the trade or 
bu£ine«8, or of property not connected with the trade or business, if ansing by 
fire, storm, abipnTeck, or other casualty, or from theft, and not compensated 
for by ineurancc or otherwise. See section 23 (c) of the Revenue Art of 19M. 
Explain such losses in Schedule E. 

19. BAD DEBTS 

iLOter as item 19 debts, or portions thereof, arising from sales or eervicei that 
have been rejected in income, which have been definitely ascertained to be 
vrorthless and have been charged off within the year, or such reasonable amount 
as has been added to a rescr\-e for bad debts within the year. 
, . If the debts are included in the deduction claimed, state in Schedule F 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 (d) £ot 
they were actually determined to be worthless. 

If the amount deducted is an addition to a reser%e, enter on the lines provided 
in Schedule F the amounts charged on account, and the bad debta charged off, 
Jor each of the past 4 years. 

A debt previously charged off as bad. if subsequently collected, must be 
Tctunied as income for the year in which collected. 

20. CONTRIBUTIONS 

Enter as \tem 20 contributions or gifts made within the taxable year to any 
CorporatioD, or trust, or community chest, fund, or foundation, organized 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 inures to the benefit of any private shareholder or indi- 
vidual, and no substantial part of the activities of which is carr>-ing on propa- 
ganda, or otherwiie attempting, to infiuenoe legislation. The amount claimed 
shall not exceed 15 percent of the organization's net income computed without 
the benefit of this deductioD. List organizations and amounts contributed to 
each in a separate schedule. 

21. DEPRECUTIQN 

The amount deductible on account of depreciation in item 21 is an amocnt 
reasonably measuring the portion of the investment in depreciable property by 
reason of exhaustion, wear and tear, or obsolescence, which is properly 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 
npon the basis of the original cost (not r^lacement cost) of the property, and 
the probable number'of years remaining of its expected useful life. In case the 
property was purchased prior to ^larch 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 its fair market value 
as of that date, whichever is greater. If the property was acqui'red in any 
other manner than. by purchase, see section 114 of the Revenue .\ct of 1934. 
The capital sum to be recovered should be charged off ratably over the useful 
life of the property. Whatever plan or method of apportionment is adopted 
must be reasonable, must have due regard to operating conditions during the 
taxable year and should be described in the return. 

If a deduction is claimed on account of depreciation, fill* in Schedule G. In 
case obsolescence is included, state separately amount clainaed and basis upon 
which it is computed. Land values or cost must not be included in the schedule, 
and where land and buildings were purchased for a lump sum the cost of the 
building subject to depreciation must be established. The adjusted property 
accounts and the accumulated depreciation shown in the schedule should be 
reconciled with those accounts as reflected on the books of the taxpayer. (See 
sections 23 (I) and 114 of the Revenue .\ct of 1934) 

Do not c laim 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 persona] 
use, nor on stocks, bonds, and hke securities. 

22. OTHER DEDUCTIONS 

Enter .as item 22 any other authorized deductions for which no space is pro- 
vided elsewhere on page 1 of the return. Do not dedurt losses incurred in 
tranpctions which were neither connected with the trade or business cor entered- 
into for profit, nor expenditures incurred in earning wholly tax-e::empt income 
other than interest. 

Explain deductions claimed in the space provided. 

23. TOTAL DEDUCTIONS 



24. NET INCOME 

Enter as item 24 the net income, which is obtained by deducting item 23 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 the books, 
unless such method does not clearly reflect the income. 

25. PARTNERS* OR MEMBERS' SH.\HES OF INCOME AKD CREDITS 

. Enter the. n a mes and addresses of the partners or members on lines (o), (b)i 
(c). etc., in column 1 of item 25, page 1 of the return, and extend in the proper 
columns each partner's or member's shares of the net iccoice whether disfnbuted 
or not. Item 25 should also show complete info.-mation with respect to all mem- 
bers of the partnership, syndicate, group, etc., having any interrst during aav 
portion of the taxable year. 

Earned Income. — The share of the net income of the orgsknization which each 
partner or member may claim as earned income is limited, in the case of an 
organisation engaged in a t.-ade or business in which both personal ser\ice3 and 
capital are material locome-produdng factors, to 20 percent of his share of 
the net proSta, which amount should be separately shown for each partner or 
member m column 4. (See section 1S5 of the Revenue .\ct of 1934.) 



Credit for taies.— If interest wa« received on tax-free covenant bonds in 
coonectioD with which an OR-nership certificate on Form lOOO was filed, the tax 
of 2 percent paid at the source on such interest should be allocate! to the partnera 
or members in column 6. 

If income tax paid to a foreign country or a poeseseton <rf the United States 
is entered in column 7, submit Form 1116 with this return with a receipt for 
each such tax p3>-ment. In case the amount entered in column 7 includes foreign 
taxes accrued but not paid, attach to the form a certified copy of the return on 
which the taxes were based. The Commissioner may require the partceni or 
members to give a bond on Form 1117 for the payment of any additional tax 
found due if the foreign tax when paid differs from the amount claimed. 

2S. NONTAXABLE OBUGATIONS. UBERTY BONT>S. ETC, 

Enter on the proper lines in column 2 of Schedule H 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 thereon. 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 indi\idual income tax return and determine whether such interest is 
eubject to tat. 

27. RETURNS BY PARTNERSHIPS. ETC. 

Every domestic partnership (Including syndicates, groups, pools, joint ven- 
tures, or other miincorporaled organizaUona, through or by means of which any 
business, financial operation, or venture is carried on, and which are cot,within- 
the meaning of the Revenue Act of 1 934,lruste, esUtes. or corporations) and every 
foreign partnership, 6>xdicate, 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 Form 1065 for the calendar year 1934 or for a fiscal vcar 
begun in 1934 and ended in 1935. (See section 801 (a) (3? and Supplement F 
of the Revenue Act of 1934.) If this return is filed on behalf of a syndicate, 
pool, joint venture, or s i m il a r group, a copy of the operating agreement ehould- 
be attached to this return. 

Even.- person required to file an income return shall file with his return, whether 
taxable or nontaxable, a statement upon Form 10&4 of the following items shown 
upon the return: (1) Name aod address. (2) total gross income, (3J total deduc- 
tions, (4) net income, (5) total credits against net income for purposes of normal 
tax, and (6; tax payable. In case of any failure to file such statement with the 
return, the collector shall prepare it from the return, and SS shall be added to 
the tax. 

28. PERIOD TO BE COVERED BT 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 tbe accounting period imme- 
diately preceding unless, with the approval trf the Commissioner, a change is 
made in the accounting period. 

If the organization desires to change its accounting period from fiscaT vear 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 for- 
warded to the collector prior to the expiration of 30 da>-s from the close of the 
proposed accounting period. 

29. ACCRUED OR RECETTED INCOME 

If tbe books of account are kept on an accrual baas, 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 tbe 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. 

30. AFFIDAVrrS 

Partnef or member.^The return shall be sworn to by any one of the partners 
or members. If receivers, trustees in bankruptcy, or assignees are in control of 
the property or business of the organization, such receivers, trustees, or assignees 
stall execute the return under oath. 

Where retom is prepared by someone other than the orgaaizatioiu — Question 
1 on page 1 of the return should be answered fully, and where iLe return is 
actually prepared by some person or persons other than the organization, such 
person or persons must execute the affidavit at the foot of page 2 of the return. 

An attorney or agent employed to represent the orgamzation before the 
Department in connection intb tax matters is not permitted to administer 
the oath. 

31. WHEN ANT) WHERE THE RETURN MUST BE FILED 

Tze return must be Sled on or before the fifteenth day of the third montb 
following the close o.' the taxable year with the collector of internal revenue for 
the district in which the organization has its principal office cr place of business. 
The return for a foreign partnership, s\-ndicate, pool, etc, shall be Sled on or 
bc'ore the fifteenth day of the sixth month following the close of the taxable year 
with Cic CcUector of Internal Revenue, Baltimore, Mar>-land. 

The collector may grant a reasonable extension of time for filing a rehan, not 
to exceed 6 months, if application therefor is made before the date prescribe<l 
by law for filing such return, whenever in his judgment good cause exists. 

32. PENALTIES 

For irjllfal failure to make a return en time. — Not more than SI 0,000, or 
imprisonment for not more than 1 j-ear, or both, toother with the costs <£ 
prosecution. 

For villfally making a false or fVaDdaleDl return. — Not more than SIO.OOO 
or imprisonment lor not mere than 5 years, or both, together with tbe eoete of 
prosecution. 

33. INFORMATION .4T SOURCE 

Every partnerjhip, syndicate, pool, etc., making payments ot salaries (other 
than salaries paid to the partners or members), wages, interest, rents, commis- 
sions, or other fixed or determinable income of Sl.OOO or more during the calendar 
year, to a single person, another partnership, syndicate, pool, etc., or a fiduciary, 
or S2.500 or more to a married person, is required to make a return on Forma 
1096 and 1099, showing the amount of such payments and the name and address 
of each recipient. These forms will be furnished by any collector of internal 
revenue upon request. Such returns covering the calendar year 1934 must be 
forwarded to the Codmissioner of lotcrnal Revenue, Sorting Section, Washlas- 
tcn, D. C, in time to be received not later than Februar>- IS, 1935. 



INDEX 



A 

Page 

Additional tax, Estate tax returns 33, 45-49' 

Agriculture and related industries; Individual income tax returns; Net 
income of $5,000 and over: 

Profit and loss from business 16-17 

Bj' size of profit and loss 75 

Amended returns tabulated; Individual income tax returns 2 

Amusements; Individual income tax returns; Net income of $5,000 and 
over. {See Service.) 

Average net income; Individual income tax returns by States 59' 

Average tax per return; Individual income tax returns: 

Net income classes 60' 

States 59 

Average tax rate; Individual income tax returns: 

Net income classes 61 

Years, 1916 to 1934 26 

B 

Bonds. {See Stocks and bonds, Estate tax returns; Gift tax returns.) 
Business profit and loss: 

Individual income tax returns: 

Amount and percent 9 

Net income classes 10-11, 71, 73 

No net income: 

Amount 21 

Deficit classes 106-107 

Percentage distribution by net income classes 12 

States 68, 70 

Years, 1916 to 1934 27-31 

Individual income tax returns; Net income of $5,000 and over: 

Explanatory text 14-15 

Frequency distribution: 

By size classes 13 

By size of business profit and loss 75 

By size of business profit and loss and by industrial groups. 75-80 

Industrial groups and subgroups 16-17, 75-80 

Returns with Schedule A 16-17 

Returns without Schedule A 16-17 

Salaries and wages paid 16-17 

Total receipts 16-17 

Net income classes 10-11 

Years, 1916 to 1934 29-31 

C 

Capital gain and loss; Individual income tax returns: 

Explanatory text 8 

Income from: 

Years, 1922 to 1934 27-28 

Years, 1922 to 1934, net income of $5,000 and over. 29-31 

Income and loss from: 

Amount and percent 9 

Frequency distribution, net income of $5,000 and over: 

By net income classes 10-11 

By size of capital gain and loss 14 

137 



138 INDEX 

Capital gain and loss; Individual income tax returns — Continued. 

Income and loss from — Continued. Page 

Net income classes 10-11, 71, 73 

No net income: 

Amount 21 

Deficit classes 106-107 

Percentage distribution by net income classes 12 

States 68, 70 

Tax credit for capital loss, years 1924 to 1933 23 

Tax on capital gain, years 1922 to 1933 ^ 23 

Capital net gain. {See Capital gain and loss.) 
Capital net loss. {See Capital gain and loss.) 

Capital stock in estate tax returns by net estate classes 36-43 

Changes in tax laws affecting comparability of statistical data: 

Estate tax returns 120-121 

Gift tax returns 122 

Individual income tax returns 112-119 

Charitable bequests: 
Estate tax returns: 

By net estate classes 36-43 

By taxable and nontaxable returns filed under various Revenue 

Acts 36-38 

Crift tax returns: 

By net gift classes 54 

By total gift classes 55-56 

Chemicals and allied products; Individual income tax returns; Net income 
of $5,000 and over: 

Profit and loss from business 16-17 

Cities and counties, number of individual income tax returns by 21 

Community property income: Individual income tax returns: 

Number and net income 7 

Net income classes 67 

States 65 

Comparability with previous years 5 

Construction: Individual income tax returns; Net income of $5,000 and 
over: 

Profit and loss from business --- 16-17 

By size of profit and loss 76 

Contributions; Individual income tax returns: 

Amount and percent 9 

Frequency distribution by net income classes; net income of $5,000 and 

over 11 

Net income classes 11 

^o net income: 

Amount of deduction for 21 

By deficit classes 107 

Percentage distribution of net income classes 12 

States 70 

Years, 1917, 1920, 1922 to 1934 27-31 

Counties and cities, number of individual income tax returns by 21 

Credits: 

Estate tax returns 33, 44-49 

Individual income tax returns: 

Dependents 7, 61 

Dividends on stock of domestic corporations 7, 68 

Earned income 7, 61 

Interest on Government obligations not wholly exempt from 

tax 7,69 

Personal exemption 7, 61 

Personal exemption and credit for dependents, by States 59 

Tax credits, years 1923 to 1933 23 

Cumulative distribution; Individual income tax returns; Number, net 

income, and tax 6, 62-63 

Curative service; Individual income tax returns; Net income of $5,000 
.and over. {See Service.) 



INDEX 139 

D 

Debts, unpaid mortgages, etc.; Estate tax returns: . Page 

By net estate classes 36-43 

By taxable and nontaxable returns filed under various Revenue Acts. 36-38 
Deductions: 

Estate tax returns: 

By net estate classes 39, 40-43 

By taxable and nontaxable returns filed under various Revenue 

Acts 36-38 

Gift tax returns: 

By net gift classes 54 

By total gift classes 55-56 

Individual income tax returns: 

Amount and percent 9 

Business loss 9, 11, 12, 70, 73 

Contributions 9, 11, 12, 70, 74 

Frequency distribution; Net income of $5,000 and over: 

By net income classes 11 

Industrial groups 16-17, 75-80 

Interest paid 9, 11, 12, 70, 74 

Net capital loss 9, 11. 12, 70, 73 

Net income classes 11, 12, 73-74 

No net income: 

Amount 21 

Deficit classes 106-107 

Partnership loss 9, 11, 12, 70, 73 

Percentage distribution by net income classes 12 

Sources of income and deduction, revised figures for 1929 (foot- 
note 18) 31 

States 70 

Taxes paid 9, 11, 12, 70, 74 

Years, 1916 to 1934 27-28, 31 

Years, 1916 to 1934, net income of $5,000 and over 29-31 

Deficit; Individual income tax returns: 

Amount 20, 21 

By deficit classes 20, 106-107 

Defined 3 

States 106 

Dependents, credit for; Individual income tax returns: 

Amount and percent 7 

Net income classes, and under $6,000, by taxable and nontaxable 

returns 61 

Dividends on stock of domestic corporations; Individual income tax 
returns; 

Amount and percent 7, 9 

Frequency distribution; Net income of $5,000 and over: 

By net income classes 10, 72 

By size of dividends 14 

Net income classes 10, 72 

No net income: 

Amount 21 

Deficit classes 106 

Percentage distribution by net income classes 12 

States 68 

Years, 1916 to 1934 27-28,31 

Years, 1916 to 1934, net income of $5,000 and over 29-31 

Domestic service; Individual income tax returns; Net income of $5,000 
and over. {See Service.) 

E 

Earned income; Individual income tax returns: 

Amount 7 

Net income classes 61 

Tax credit by years 23 

Educational service; Individual income tax returns; Net income $5,000 
and over. {See Service.) 



140 INDEX 



Engineering service; Individual income tax returns; Net income $5,000 

and over. (See Service.) 

Estate tax returns: Page 

Explanatory text 32-35 

Resident decedents: 
Nontaxable: 

Deductions 36-37 

Form of property 36-47 

Gross estate 36-37 

Number of returns: S"^ 

By Revenue Acts under which filed 36-38 

By States 48-49 

Revenue Acts under which filed 36-38 

States 48-49 

Taxable: 

Additional tax: 

By Revenue Acts under which filed 45-47 

By States 48-49 

Deductions 36-38, 39, 40-43 

Form of property 36-43 

Gross estate 36-38, 39-40, 42-43, 48-49, 50 

Net estate 36-38, 44-47, 48-49, 50 

Number of returns: 

By Revenue Acts under which filed 36-38, 39-40, 42-47 

By States 48-49 

Revenue Acts under which filed 37-49 

States 48-49 

Tax credits: 

By net estate classes 44-47 

By States 48-49 

Tax liability: 

By net estate classes 44-47 

By Revenue Acts under which filed 36-38, 44-47 

By States 48-49 

Resident and nonresident decedents; Taxable and nontaxable: 

Rates, specific exemption and credits against tax. Revenue Acts 

1916 to 1934 120-121 

Years, 1916 to 1935, Historical summary 50 

Excess-profits tax: 

Individual income tax returns (footnote 4) 23 

Partnership returns (footnote 4) 23 

Exemptions: 

Estate tax returns 33, 36-47 

Gift tax returns 55-66 

Individual income tax returns: 

Amount 7 

Net income classes 61 

States 59 

Exclusions: Gift tax returns 54-56 

F 

Family relationship; Individualfincome tax returns. (See Sex and family 

relationship.) 
Fiduciary income; Individual income tax returns: 

Amount and percent 9 

Defined 8 

Frequency distribution by net income classes, net income of $5,000 

and over 10 

Net income classes 10, 72 



INDEX 141 

Fiduciary income; Individual income tax returns — Continued. 

No net income: Page 

Amount 21 

Deficit classes 106 

Percentage distribution by net income classes 12 

States _ __ ____ 69 

Years, 1916, 1922-1934 27-28 31 

Years, 1916, 1922-1934, net income of $5,000 and over 29-31 

Finance; Individual income tax returns; Net income of $5,000 and over: 

Profit and loss from business by subgroups 16-17 

By size of profit and loss 79-80 

Fiscal year returns; Individual income tax returns 2 

Food and kindred products: Individual income tax returns; Net income of 
$5,000 and over: 

Profit and loss from business 16-17 

Forest products; Individual income tax returns; Net income of $5,000 and 
over: 

Profit and loss from business 16-17 

Forms for 1934: 

Individual income tax returns, 1040, 1040A 126-131 

Partnership return, 1065 132-135 

Frequency distribution; Individual income tax returns; Net income of 
$5,000 and over: 

Explanatory text 13 

Industrial groups 16-1 7 

Profit and loss from business 75-80 

Size of certain items of income and deduction 13-14 

Sources of income by net income classes 10-11 

Funeral and administrative expenses; Estate tax returns: 

By net estate classes 39-43 

By taxable and nontaxable returns filed under various Revenue 

Acts 36-38 

G 

Gains and losses (Capital); Individual income tax returns 8 

General definitions; Individual income tax returns 3-4 

General explanations; Individual income tax returns 1-5 

Geographic distribution; Individual income tax returns 4 

Gift tax returns: 

Deductions 54—56 

Exemption 54-56 

Exclusions 54-56 

Explanatory text 50-52 

Forms of property 53-54 

Identical donors 52 

Net gift classes 53-54 

Number of returns, taxable and nontaxable 52 

Rates, Revenue Acts 1924 and 1932 122 

Tax 52,54,56 

Total gift classes 55-56 

Trust, amount by 52 

Years, 1932-1934 52 

Government securities, wholly and partially tax-exempt; Individual 

income tax returns. {See Tax-exempt obligations.) 
Gross estate; Estate tax returns: 

Net estate classes 39-43 

States, citizen or resident decedents 48-49 

Taxable and nontaxable returns, filed under various Revenue Acts__ 36-37 

Years, 1916 to 1935, resident and nonresident decedents 50 

H 

Heads of families, classified; Individual income tax returns: 

Number and net income 7 

Net income classes 66-67 

States 64-65 

88019—36 10 



142 INDEX 

Historical Summaries: 

Estate tax returns: Page 

Resident and nonresident, 1916 to 1935 50 

Gift tax returns: 

Years, 1932 to 1934 52 

Individual income tax returns: 

Average rate of tax, 1916 to 1934 26 

Net income by net income classes, 1916 to 1934 24-25 

Number bv net income classes, 1914 to 1934 23-24 

Sources of 'income, 1916 to 1934 27-31 

States, 1924 to 1934 81-105 

Tax, 1916 to 1934 25-26 

Years, 1913 to 1934 23 

Husbands and wives; Individual income tax returns: 

Number and net income 7 

Net income classes 66-67 

States 64-65 

I 
Income. (See Individual income.) 
Income tax. (See Individual income tax.) 

Income tax rates. (See Synopsis of income and profits tax rates.) 
Income tax returns. (See Individual income tax returns.) 
Individual income: 
Net: 

Amount and percent 5 

Average per return 5, 59 

Cumulative distribution bv net income classes 6, 62-63 

Defined 1 3 

Exempt from normal tax T 

Net income classes 11, 60-61 

Net income classes and by sex and family relationship 66-67 

Net income classes and by States 64-65 

Percentage distribution by net income classes 12 

Sex and family relationship 7 

Simple and cumulative distribution by net income classes 62-63 

Sources of income 70-74 

States 59,81-105 

States and by sex and family relationship 64-65 

Subject to normal tax 7 

Years, 1913 to 1934, amount 22 

Years, 1916 to 1934, bv net income classes 24-25 

Years, 1924 to 1934, aiid by States 81-105 

Nontaxable, under $6,000: 

Net income classes 60 

Net income classes and by States 81-105 

Sources of: 

Amount and percent 9 

Frequency distribution by size of certain items of income and 

deductions 13-14 

Net income classes 10-11, 71-74 

No net income: 

Amount 21 

Deficit classes 106-107 

Percentage distribution by net income classes 12 

Profit and loss from business by size of profit and loss by indus- 
trial groups 75-80 

Revised figures for 1929 (footnote 18) 31 

States 68-70 

Years, 1916 to 1934 _._ 27-28, 31 

Years, 1916 to 1934, net income of $5,000 and over 29-31 

Total: 

Amount and percent 9 

Net income classes 11, 73 

No net income: 

Amount 21 

Deficit classes 107 

Percentage distribution, by net income classes 12 



INDEX 143 

Individual income — Continued. 

Total — Continued. Page 

States _ 69 

Years, 1916 to 1934 27-28, 31 

Years, 1916 to 1934, net income of $5,000 and over 29-31 

Individual income tax (see also Excess-profits tax) : 

Amount, average per return, and rate on net income 5 

Average per return: 

For 1934 and 1933 5 

Net income classes 60 

States 59 

Average rate of tax on net income: 

Net income classes 61 

Years, 1916 to 1934, and by net income classes 26 

Comparison 1934 with 1933 5 

Credits {see also Credits) 23 

Cumulative distribution by net income classes 6, 63 

Net income classes 6, 60, 63 

Net income classes and by States 81-105 

Normal tax: 

Net income classes 60 

Rates, Revenue Acts 1913 to 1934 112-117 

Years, 1913 to 1934 23 

Simple and cumulative distribution by net income classes 6, 63 

States 59, 81-105 

Surtax: 

Net income classes 60 

Rates, Revenue Acts 1913 to 1934 116-119 

Years, 1913 to 1934 23 

Total: 

Net income classes 6, 60, 63 

States 59, 81-105 

Years, 1913 to 1934 23 

Years, 1916 to 1934, and by net income classes 25-26 

Years, 1924 to 1934 by States 81-105 

Individual income tax returns {see also Individual income; Individual 
income tax): 

Changes in tax laws affecting comparability of statistical data 112-117 

Credits 112-113, 118-119 

Personal exemption 112-113 

Rates, Revenue Acts 1913 to 1934; Excess-profits; Normal tax; 

Surtax 112-119 

Requirements for filing returns 112-113 

Supplemental rates and tax credits, Revenue Acts 1917 to 

1934 . 118-119 

Comparison 1934 with 1933 returns 5 

Credit for dependents by net income classes 61 

Deductions in. {See Deductions.) 

Earned income credit 23, 61 

Fiscal year returns tabulated 2 

Geographic distribution 4 

Method of compiling data; net income under $5,000 2-3 

Net income classes and, under $6,000, by taxable and nontaxable 

returns 60-61 

Net income classes, by States, and under $6,000, by taxable and 

nontaxable 81-105 

No net income: 

Deficit classes 20, 106-107 

Sources of income and deduction 21, 106-107 

States, number of returns and amount of deficit 106 

Number of: 

Counties, cities, and towns 21 

Cumulative distribution 6, 62 

Frequency distribution; Net income of $5,000 and over: 

By net income classes 10-12 

By size of certain items of income and deduction 13-14 

By size of profit and loss from business 75-80 



144 IITDEX 

Individual income tax returns — Continued. 

Number of — Continued. Page 

Net income classes 23-24, 60, 71-74 

Net income classes, by years, 1914 to 1934 23-24 

No net income 20, 106 

Sex and family relationship 7, 64-67 

Simple and cumulative distribution 6, 62-63 

Sources of income and deduction 10-12, 29-30, 71-74 

States 59, 64-65, 68-70, 81-105 

Taxable and nontaxable returns, by years, 1916 to 1934 22 

Years, 1913 to 1934 22 

Years, 1934 and 1933 compared 5 

Years, 1924-1934, by States 81-105 

Percentage of population filing returns, by States 59 

Personal exemption and credit for dependents, by States 59 

Personal exemption by net income classes 61 

Population by States 59 

Procedure in tabulation 1-5 

Sex and family relationship: 

Amount and percent 7 

Net income classes, and, under $6,000 by taxable and nontaxable. 66-67 

States 6^65 

Simple and cumulative distribution by net income classes 62-63 

Sources of income and deductions: 

Amount and percent 9 

Explanatory text S-9 

Frequency distribution; Net income of $5,000 and over: 

By net income classes 10-12 

By size of certain items of income and deduction 13-14 

By size of profit and loss from business 75-80 

Net income classes 10-11, 71-74 

No net income: 

Amount 21 

Deficit classes 106-107 

Percentage distribution by net income classes 12 

States 68-70 

Years, 1916 to 1934 27-28, 31 

Years, 1916 to 1934, net income of $5,000 and over 29-31 

States 59,81-105 

Tax-exempt obligations 18-19 

Unaudited returns tabulated 2 

Years, bv net income classes 23-24 

Years, 1913 to 1934 22-23 

Individuals required to file returns, 1913 to 1934 112-113 

Insurance: 

Estate tax returns: 

By net estate classes 39-43 

By taxable and nontaxable returns filed under various Revenue 

Acts 36-38 

Gift tax returns by net gift classes _-- 52, 53 

Interest on Government obligations not wholly exempt from tax; Individ- 
ual income tax returns: 

Amount and percent 7, 9 

Net income classes 11, 19, 72 

No net income: 

Amount 21 

Deficit classes 106 

Percentage distribution by net income classes 12 

States 69 

Years, 1919 to 1934 27-28, 31 

Years, 1919 to 1934; Net income of $5,000 and over 29-31 

Interest other than tax-exempt; Individual income tax returns: 

Amount and percent 9 

Net income classes 11, 19, 72 

No net income: 

Amount 21 

Deficit classes 106 



INDEX 145 

Interest other than tax-exempt; Individual income tax returns — Con. Page 

Percentage distribution by net income classes 12 

States 69 

Years, 1927 to 1934 27-28. 31 

Years, 1927 to 1934, net income of $5,000 and over 29-31 

Interest paid; Individual income tax returns: 

Amount and percent 9 

Defined 9 

Net income classes 11, 74 

No net income: 

Amount 21 

Deficit classes 107 

Percentage distribution by net income classes 12 

States 70 

Years, 1933 and 1934 28 

Years, 1933 and 1934, net income of $5,000 and over 30-31 

Investment brokers; real estate, etc.; Individual income tax returns; 

Net income of $5,000 and over. {See Finance.) 
Investment in bonds, stocks, etc.: 
Estate tax returns: 

By net estate classes 39-43 

By taxable and nontaxable returns filed under various Revenue 

Acts 36-38 

Gift tax returns 52, 53 

J 

Joint returns of husbands and wives; Individual income tax returns: 

Number and amount of net income 7 

Net income classes 66-67 

States 64-65 

Jointlj' owned property; Estate tax returns (footnotes) 38, 41, 43 

L 

Labor: Individual income tax returns; Net income of $5,000 and over: 

Profit and loss from business by industrial groups 16-17 

Leather and its manufactures: Individual income tax returns; Net income 
of $5,000 and over: 

Profit and loss from business 16-17 

Legal service; Individual income tax returns; Net income of $5,000 and 

over. (See Service.) 
Liberty bonds. Treasury certificates, etc.; Individual income tax returns: 

Amount owned and interest received by net income classes 18-19 

Liquors and beverages; Individual income tax returns; Net income of 
$5,000 and over: 

Profit and loss from business 16-17 

Loss from business; Individual income tax returns. (See Profit and loss 

from business.) 
Loss from sale of real estate, stocks, bonds, etc.; Individual income tax 
returns: 

Years, 1926 to 1933 27-28, 31 

Years, 1926 to 1933, net income of $5,000 and over 29-31 

M 

Manufacturing; Individual income tax returns; Net income of $5,000 and 
over: 

Profit and loss from business by subgroups 16-17 

By size of profit and loss 76 

Manufacturing not elsewhere classified; Individual income tax returns; Net 
income of $5,000 and over: 

Profit and loss from business . 16-17 

Men; Individual income tax returns; 

Number of amount of net income 

Net income classes 66-67 

States 64-65 



146 INDEX 

Metal and its products; Individual income tax returns; Net income of 

$5,000 and over: Page 

Profit and loss from business 16-17 

Mininjo; and quarrying; Individual income tax returns; Net income of 
$5,000 and over: 

Profit and loss from business 16-17 

By size of profit and loss 76 

Mortgages, notes, cash, etc.; Estate tax returns: 

By net estate classes 39-43 

By taxable and nontaxable returns, filed under various Revenue Acts_ 36-38 

N 

National Industrial Recovery Act 2 

Nature of business not given; Individual income tax returns: Net income of 
$5,000 and over: 

Profit and loss from business 16-17 

By size of profit and loss 80 

Net capital gain; Individual income tax returns. (See Capital gain and 

loss.) 
Net capital loss; Individual income tax returns. (See Capital gain and loss.) 
Net estate: Estate tax returns (see also Estate tax returns): 

Defined 32 

Net estate classes 44-47 

Revenue Acts 36-38, 44-47 

States 48-49 

Years, 1916 to 1935 50 

Net income exempt from normal tax; Individual income tax returns: 

Amount and percent 7 

Normal income tax; Individual income tax returns. (See Individual in- 
come tax.) 
North Dakota, Revised figures for sources of income and deductions for 

1929 (see footnote 18) 31 

O 

Obligations of States and Territories; Individual income tax returns: 

Amount owned and interest received, by net income classes 18-19 

Obligations of the United States and its possessions, etc.: Individual in- 
come tax returns: 

Amount owned and interest received, bj- net income classes 18-19 

Other income; Individual income tax returns: 

Amount and percent • 9 

Net income classes 11, 73 

No net income: 

Amount 21 

Deficit classes 106 

Percentage distribution bv net income classes 12 

States J 69 

Years, 1927 to 1934 27-28, 31 

Years, 1927 to 1934, net income of $5,000 and over 29-31 

Other taxable interest; Individual income tax returns: 

Amount and percent 9 

Net income classes 11, 19, 72 

No net income: 

Amount 21 

Deficit classes 106 

P ercentage distribution by net income classes 12 

States 69 

Years, 1927 to 1934 27-28, 31 

Years, 1927 to 1934, net income of $5,000 and over 29-31 



INDEX 147 

P 

Paper, pulp, and products; Individual income tax returns; Net income of 

$5,000 and over: Page 

Profit and loss from business 16-17 

Partially tax-exempt obligations; Individual income tax returns {see also 

Wholly and partially tax-exempt obligations) 18-19 

Partnership returns of income, number of, 1917 to 1934 21-22 

Partnership profit and loss; Individual income tax returns: 

Amount of profit and loss, and percentages 9 

Defined 8 

Frequency distribution by net income classes; net income of $5,000 

and over 71, 73 

Loss, by net income classes 11, 70, 73 

Net income classes 10-11, 70 

No net income: 

Amount 21 

Deficit classes 106-107 

Percentage distribution by net income classes 12 

Profit, by net income classes 10, 68, 71 

States 68-70 

War and excess-profits tax (footnote 4) 23 

Years, 1917 to 1934 27-28,31 

Years, 1917 to 1934, net income of $5,000 and over 29-31 

Partnership loss; Individual income tax returns. {See Partnership profit 

and loss.) 
Personal exemption; Individual income tax returns: 

Amount and percent 7 

Net income classes, and under $6,000, by taxable and nontaxable 61 

States 59 

Personal exemption and credit for dependents; Individual income tax 

returns 59 

Population of the United States, estimated as of July 1, 1934, by States-- 59 
Power of appointment; Estate tax returns by net estate classes (foot- 
notes) 38,41,43 

Printing, publishing, and allied industries; Individual income tax returns; 
Net income of $5,000 and over: 

Profit and loss from business 16-17 

Profit and loss from business; Individual income tax returns. {See Busi- 
ness profit and loss.) 
Profit from sale of real estate, stocks, bonds, etc.; Individual income tax 
returns: 

Years, 1926 to 1933 27-28, 31 

Years, 1926 to 1933, net income of $5,000 and over 29-31 

Property in estate tax returns by net estate classes, classified 36-43 

Property previously taxed; Estate tax returns (footnotes) 38, 41, 43 

Q 

Quarrying; Individual income tax returns. {See Mining and quarrying.) 

R 
Real estate: 

Estate tax returns: 

By net estate classes 39-43 

By taxable and nontaxable returns filed under various Revenue 

Acts - 36-38 

Gift tax returns bj' total gifts, and net gift classes 52, 53 

Individual income tax returns; Net income of $5,000 and over. {See 
Finance.) 
Rents and roj^alties; Individual income tax returns: 

Amount and percent 9 

Frequency distribution; Net income of $5,000 and over: 

By net income classes 10 

By size of rents and royalties 14 

Net income classes 10, 72 



148 INDEX 

Rents and royalties; Individual income tax returns — Continued. 

No net income: Page 

Amount 21 

Deficit classes 106 

Percentage distribution by net income classes 12' 

States 68 

Years, 1916 to 1934 27-28, 31 

Years, 1916 to 1934, net income of $5,000 and over 29-31 

Requirements for filing individual income tax returns 112-113 

Retail trade; Individual income tax returns. {See Trade.) 

Returns tabulated; Individual income tax returns 1-3 

Returns on form 1040; No net income; Individual income tax returns: 

Deficit classes 20 

Sources of income and deduc1;.ions 21, 106-107 

States 106 

Revenue Acts, 1913 to 1934: 

Estate tax returns; Tax rates, specific exemption, and credits against 

estate tax 120-121 

Excess-profits tax rates; War and 118-119 

Gift tax returns: Tax rates, specific exemption, exclusions 122 

Individual income tax returns: 

Required to file return; jaersonal exemption; credit for dependents 

and normal tax rates 112-113 

Supplemental income and profits tax rates and tax credits 118-119 

Surtax rates 116-117 

Revised figures for 1929 — Sources of income and deduction (footnote 18) _ _ 31 
Royalties. {See Rents and royalties.) 

Rubber products; Individual income tax returns; Net income of $5,000 
and over: 

Profit and loss from business 16-17 

S 

Salaries, wages, commissions, fees, etc.; Individual income tax returns: 

Amount and percent 9' 

Frequency distribution; Net income of $5,000 and over: 

By net income classes 10 

By si ze of salaries, wages, commissions, etc 13' 

Net income classes 10, 71 

No net income: 

Amount 21 

Deficit classes 106 

Percentage distribution by net income classes 12 

States 68 

Years, 1916 to 1934 27-28, 31 

Years, 1916 to 1934; Net income of $5,000 and over 29-31 

Salaries and wages paid: Business profit and loss, by industrial groups and 

subgroups 16-17 

Sampled returns ; Individual income tax returns 3 

Securities, wholly and partially tax-exempt; Individual income tax returns. 

{See Obligations; Tax-exempt investments.) 
Service: Individual income tax returns; Net income of $5,000 and over: 

Profit and loss from business by subgroups 16-17 

Size of profit and loss 77-79- 

Sex and family relationship; Individual income tax returns: 

Number of returns and amount of net income 7 

Net income classes 66-67 

States 64-65 

Simple and cumulative distribution of individual income tax returns. _ 6, 62-63 
Sources of income and deductions; Individual income tax returns: 

Amount and percent 9 

Explanatory text 8-10 

Frequency distribution; Net income of $6,000 and over: 

By net income classes 10-11 

By size of certain items of income and deductions 13-14 

Net income classes 10-11, 71-74 



INDEX 149 

Sources of income and deductions; Individual income tax returns — Con. 

No net income: Page 

Amount 21 

Deficit classes 106-107 

Percentage distribution by net income classes 12 

Revised figures for 1929 (footnote 18) 31 

States 68-70 

Years, 1916 to 1934 27-28,31 

Years, 1916 to 1934; Net income of $5,000 and over 29-31 

State and local securities; Individual income tax returns 18-19 

State and municipal bonds; Estate tax returns: 

By net estate classes 39-43 

By taxable and nontaxable returns, filed under various Revenue Acts.. 36-37 
Stocks and bonds: 

Estate tax returns: 

By net estate classes 39-43 

By taxable and nontaxable returns, filed under various Revenue 

Acts 36-37 

Gift tax returns, by total gifts and net gift classes 52, 53 

Stone, clay, and glass products; Individual income tax returns; Net income 
of $5,000 and over: 

Profit and loss from business 16-17 

Surtax. (See Individual income tax.) 

Surtax net income ; Individual income tax returns 1 

Synopsis of Federal income and profit tax rates; Estate and Gift tax rates: 
Credits and exemptions, affecting comparability of data in Statistics 

of Income 109-122 

T 
Tax credits: 

Earned income, years 1924 to 1931 : 23 

Capital net loss, years 1924 to 1933 23 

Taxes. (See Estate tax; Gift tax; Individual income tax.) 
Taxes paid; Individual income tax returns: 

Amount and percent 9 

Defined 9 

Frequency distribution by net income classes 11 

Net income classes 11, 74 

No net income: 

Amount 21 

Deficit classes 107 

Percentage distribution by net income classes net income of $5,000 

and over 12 

States 70 

Years, 1933 and 1934 28 

Years, 1933 and 1934, Net income of $5,000 and over 30-31 

Tax-exempt income. (See Dividends; Exemptions; Obligations; Tax- 
exempt investments.) 
Tax-exempt interest. (See Wholly and partially tax-exempt obligations.) 
Tax-exempt investments: 

Estate tax returns 36-43 

Individual income tax returns bv net income classes 18-19 

Tax forms for 1934: 1040, 1040A, 1065 126-135 

Tentative tax, Estate tax returns 45-47 

Textiles and their products; Individual income tax returns; Net income of 
$5,000 and over: 

Profit and loss from business 16-17 

Tobacco products: Individual income tax returns; Net income of $5,000 
and over: 

Profit and loss from business 16-17 

Trade: Individual income tax returns; Net income of $5,000 and over: 

Profit and loss from business by subgroups ■'■^■'^Z 

By size of profit and loss 77 

Transfers made in contemplation of death; Estate tax returns (foot- 
notes) 38, 41, 43 



150 INDEX 

Transportation and other public utilities: Individual income tax returns: 

Net income of $5,000 and over: Page 

Profit and loss from business 16-17 

By size of profit and loss 76 

Trusts; Gift tax returns, by form of property 52 

U 

United States Government bonds, wholly and partially tax-exempo; 
Individual income tax returns; Net income of $5,000 and over. (See 
Wholly and partially tax-exempt obligations.) 

W 

Wages, salaries, commissions, etc.; Individual income tax returns. {See 

Salaries, wages, commissions, etc.) 
War profits and excess-profits tax. (See Excess-profits tax.) 
Wholesale trade; Individual income tax returns. {See Trade.) 
Wholly and partially tax-exempt obligations; Individual income tax re- 
turns; Net income of $5,000 and over: 

Amount owned by net income classes 18 

Explanatory text 18 

Interest received by net income classes 19 

Wives and husbands, joint returns of; Individual income tax returns 7, 64-67 

Wives, separate returns from husbands; Individual income tax returns: 

Number of returns and amount of net income 7 

Net income classes 66-67 

States 64-65 

Women, single; Individual income tax returns: 

Number of returns and amount of net income 7 

Net income classes 66-67 

States 64-65 



STATISTICS OF INCOME 
FOR 1934 

PART 2 
COMPILED FROM CORPORATION INCOME AND EXCESS- 
PROFITS TAX RETURNS AND PERSONAL 
HOLDING COMPANY RETURNS 



UNITED STATES TREASURY DEPARTMENT 
BUREAU OF INTERNAL REVENUE - WASHINGTON. D. C. 



U. S. TREASURY DEPARTMENT 

BUREAU OF INTERNAL REVENUE 



STATISTICS OF INCOME 
FOR 1934 



PART 2 

COMPILED FROM CORPORATION INCOME AND 

EXCESS-PROFITS TAX RETURNS AND 

PERSONAL HOLDING COMPANY 

RETURNS 



PREPARED UNDER DIRECTION OF THE 

COMMISSIONER OF INTERNAL REVENUE 

BY THE 

STATISTICAL SECTION. INCOME TAX UNIT 



UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON : 1937 



or sale by the Superintendent of Documents, Washington, D. C. - - »••«-••-- - - Price Z5 cents 



U; S. StIPTRINTENDENT OF DOC^ 
JAN 6 193a 



CONTENTS 



Page 

flBcial transmittal 1-44 

ioRPORATioN Income and Excess-Profits Tax Returns — General 

Explanations 1-4 

Returns tabulated 1-2 

General definitions 2—4 

Industrial classification 4 

Geographic distribution 4 

Comparability with previous reports 4 

loRPORATioN Income and Excess-Profits Tax Returns: 

Number of returns, net income or deficit, and tax 4-5 

By major industrial groups 5-7 

By net income and deficit classes 7-8 

Income and profits taxes paid to foreign countries or possessions of 

the United States, reported as a tax credit, 1925 to 1934 8-9 

Dividends paid, 1922 to 1934 9-11 

Compiled receipts and compiled deductions 11-13 

Corporations submitting and not submitting balance sheets 12-13 

Assets and liabilities ._ 13-18 

Corporations submitting balance sheets, returns with net income 

and no net income 14 

Number of corporation returns filed and number of balance sheets 

tabulated by net income and deficit classes 15 

Gross capital assets, reserves for depreciation and depletion (ex- 
cept on land) , and net capital assets, by major industrial groups. 
Assets and liabilities and compiled receipts and compiled deductions, 16-17 

by total assets classes 17-18 

Returns showing net income and no net income 18 

Comparability of the data tabulated from corporation returns for 
1934 and 1933 as aflfected by the limitation of the privilege of filing 

consolidated returns in the Revenue Act of 1934 19-29 

1934 returns of corporations for which consolidated returns were 

filed for 1933 19 

Major reasons for lack of strict comparability of 1934 and 

1933 data 19-20 

Number of returns, net income, deficit and tax for returns 
with net income and no net income: 

By industrial groups classified on business reported on 

returns for 1934 21-22 

By industrial groups classified on business reported on 

consolidated returns for 1933 22-24 

Number of returns in each industrial group in which the 
returns for 1934 and the consolidated returns for 1933 were 

classified ._. 25-27 

Textual discussion of receipts, deductions, assets and liabilities, 
by industrial groups, for 1933 consolidated returns, 1933 returns 
which were not consolidated, 1934 returns of corporations for 
which consolidated returns were filed for 1933, and 1934 re- 
turns of corporations for which consolidated returns were not 

filed for 1933 . 27-29 

Consolidated returns 29-32 

By major industrial groups 31 

By net income and deficit classes 32 

By number of subsidiaries 32 

Fiscal year returns 32-33 

By month in which fiscal year ended 33 

By net income and deficit classes 33 

Part year returns 34 

Taxes paid other than income tax and cost of goods sold, Statistics of 

Income for 1933 34 

m 



IV CONTENTS 

Page 
Historical Summaries, Corporation Income and Excess-Profits 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 1934 34-36 

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

classes, 1931 to 1934 36-37 

Number of returns, compiled receipts and compiled deductions, 1926 

to 1934 37-38 

Returns submitting balance sheets, showing number of balance sheets, 
assets and liabilities 1926 to 1934, and compiled receipts and com- 
piled deductions 1931 to 1934 39-40 

Personal Holding Company Returns, Form 1120H: 

General explanations 4 1-42 

Number of returns, receipts, deductions, adjusted net income, credits, 

undistributed adjusted net income and surtax, by types of returns. _ 43 
Number of returns by adjusted net income classes 44 

basic tables 

Corporation Income and Excess-Profits Tax Returns: 
United States in aggregate (1-7): 

1. By States and Territories 46—47 

2. Compiled receipts and compiled deductions, by major in- 

dustrial groups: 

All returns 48-51 

Returns showing net income 52-55 

Returns showing no net income 56-59 

3. By major industrial groups and subgroups 60-65 

4. Returns submitting balance sheets, by major industrial groups, 

and by returns with net income and no net income, showing 
assets and liabilities and compiled receipts and compiled 
deductions 66-71 

5. Returns submitting balance sheets, by total assets classes, 

showing assets and liabilities and compiled receipts and 

compiled deductions: 

All returns submitting balance sheets 72-73 

Returns showing net income 74-75 

Returns showing no net income 76-77 

6. 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 78-95 

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

no net income, 1925 to 1934 96-100 

States and Territories separately (8) : 

8. Historical summary, 1925 to 1934 101-111 

Comparability of the Data Tabulated from Corporation Returns 

FOR 1934 and 1933 as Affected by the Limitation of the Privilege 
OP Filing Consolidated Returns in the Revenue Act of 1934 
(9-14): 

Compiled receipts and compiled deductions, by major industrial 
groups and by returns with net income and no net income: 

9. Returns for 1933 classified on business reported for 1933: 

Consolidated returns for 1933 114-121 

Returns*which were not consolidated for 1933 122-129 

10. Returns for 1934 classified on business reported for 1934: 

1934 returns for which consolidated returns were filed for 

1933 130-139 

1934 returns for which consolidated returns were not filed 

for 1933 140-145 

Returns submitting balance sheets by major industrial groups and by 
returns with net income and no net income showing number of 
balance sheets, assets and liabilities and compiled receipts and 
compiled deductions: 

11. Returns for 1933 classified on business reported for 1933: 

Consolidated returns for 1933 146-153 

Returns which were not consoUdated for 1933 154-161 



CONTENTS V 

Comparability op the Data Tabttlated from Corporation Returns 
FOR 1934 and 1933, etc. — Continued. 

Returns submitting balance sheets by major industrial groups and by 
returns with net income and no net income showing number of 
balance sheets, etc. — Continued. 
12. Returns for 1934 classified on business reported for 1934: 

1934 returns for which consolidated returns were filed for 

1933 162-169 

1934 returns for which consolidated returns were not filed 

for 1933 170-177 

Returns for 1934 of corporations for which consolidated returns were 
filed for 1933, by major industrial groups classified by business 
reported on consolidated returns for 1933, and by returns with net 
income and no net income: 

13. All returns, compiled receipts and compiled deductions 178-185 

14. Returns submitting balance sheets, assets and liabilities, and 

compiled receipts and compiled deductions 186-194 

Fiscal Year Returns (15-17): 

Number of returns by major industrial groups and by returns with 
net income and no net income: 

15. By month in which fiscal year ended 196-199' 

16. By net income and deficit classes 200-204 

17. By total assets classes 205-207" 

Revenue Acts of 1909-1934 and Certain Tax Provisions of the 

National Industrial Recovery Act (1933) — A Synopsis of Cor- 
poration Income and Profits Tax Rates Affecting the Compa- 
rability OF Data in "Statistics of Income": 

Income and profits tax rates and credits 209-213 

Income Tax Forms: 

Facsimiles of forms 1120, 1120L, and 1120H for 1934 215-231 

Index 233-251 



STATISTICS OF INCOME FOR 1934 



PART 2 



CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS 
AND PERSONAL HOLDING COMPANY RETURNS 

Treasury Department, 
Office of Commissioner of Internal Revenue, 

Washington, D. C, Novemher 17, 1937. 
Sir: In accordance ^\dth the provisions contained in the Revenue 
Act of 1916 and subsequent acts for the publication annually of 
statistics "v^^ith respect to the operation of the income, war-profits, 
and excess-profits tax laws, I have the honor to transmit here\s-ith a 
report entitled "Statistics of Income for 1934, Part 2," prepared from 
corporation income and excess-profits tax returns and personal 
holding company returns for that year filed during 1935, with a 
historical presentation of the income and tax liability reported by 
corporations from 1909 to date. (Statistics compiled from individual 
income tax returns for 1934, and estate tax returns and gift tax 
returns filed during 1935, were pubhshed in the "Statistics of Income 
for 1934, Part 1," dated November 16, 1936.) 

CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS 

GENERAL EXPLANATIONS 

Returns tabulated. — In general, the corporation income tax returns 
included in this report are for the calendar year 1934. However, a 
considerable number of corporation returns are for a fiscal year other 
than a calendar year. Thus there are included with the returns for 
the calendar year 1934, returns ^vith fiscal year ended within the 
period July 1, 1934, to June 30, 1935, and part year returns for which 
the greater part of the period falls in 1934. The tables, therefore, 
include calendar, fiscal, and part year returns, except when otherwise 
specified. Returns for fiscal years beginning in 1933 are filed under 
the provisions of the Revenue Act of 1932 and the income tax pro- 
visions of the National Industrial Recovery Act. 

Returns for the calendar year 1934 and for fiscal years ended within 
the period January 1 to June 30, 1935, are filed under the provisions 
of the Revenue Act of 1934. Among the major changes in this act 
aft'ecting tabulated data for corporations are the folloAsing: Liniita- 
tion of the privilege of filing a consoHdated return to an affihated 
group of corporations each of which must be either (a) a corporation 
whose principal business is that of a common carrier by railroad or (6) a 
corporation the assets of which consist principally of stock in one or 
more corporations which are common carriers and which does not itself 
operate a business other than that of a common carrier by railroad 
(the teim "common carrier by railroad" includes steam and electric 



2 STATISTICS OF INCOME 

railroads, but excludes street, suburban, and interurban railways and 
express, refrigerator, and sleeping car companies); an increase in the 
tax rate for consolidated returns to 15% percent; a new definition of 
capital assets which includes all ])roperty held by the taxpayer, re- 
gardless of time held, whether or not connected with the trade or 
business (except stock m trade, property which would ordinarily be 
included in inventory, or property held for sale to customers in ordi- 
nary course of trade or business) : and the limitation of deduction for 
losses from sales or exchanges of capital assets to an amount not in 
excess of $2,000, after deducting the gains from sales or exchanges of 
capital assets, except in the case of banks and trust companies a 
substantial part of whose business is the receipt of deposits. 

Under the Revenue Act of 1934, the tax on the excess-profits of 
corporations is levied at the same rates as previously provided in the 
National Industrial Recovery Act, but with slight modification in the 
determination of the adjusted declared value of capital stock and in 
the net income subject to excess-profits tax. No credit for interest 
received on certain obligations of the United States and its instrumen- 
talities is allowed against net income for the computation of the 
excess-profits tax. (See article l{d), Treasury Decision 4469, "Regu- 
lations relatmg to the excess-profits tax imposed by section 702 of 
the Revenue Act of 1934" in Regulations 86, Income Tax, Revenue 
Act of 1934, p. 412.) The inclusion of such interest in the net income 
for the computation of the excess-profits tax results, though infre- 
quently, in returns with no net income for corporation income tax 
purposes showing an excess-profits tax. In the text and basic tables 
in this report, the amount of excess-profits tax reported on returns 
with no net income is either sho\NTi in a footnote or presented in the 
body of the table. 

The general tables for corporations include, in addition to aggre- 
gates for all returns, tabulations for returns showing net income and 
no net income. The statistics contained in this report are based on 
the taxpayers' returns as filed, unaudited except for a preliminary 
examination to insure proper execution of the returns. 

General definitions. — In this report "gross income" corresponds to 
"total income" reported in item 14 on the face of the return for 1934, 
plus "cost of goods sold" and "cost of operations," items 2 and 5, 
respectively, and minus "interest on Liberty Bonds, etc.," item 11 
(see form 1120, p. 218). This last item has been deducted from the 
total income reported on returns for the calendar year ended Decem- 
ber 31, 1934 and for fiscal years ended on or before June 30, 1935, so 
thnt "gross income" will mclude the same items as in prior years. 
"Deductions" correspond to "total deductions" reported in item 26 
on the face of the return for 1934, plus "cost of goods sold" and 
"cost of operations," items 2 and 5, respectively (see form 1120, p. 218). 
"Net income" shown in the tables in this report means the amount 
of income subject to income tax and represents the amount of gross 
income in excess of the deductions, and the "deficit" represents excess 
of deductions over gross income. 

Throughout this report the term "total compiled deductions" is 
substituted for "total statutory deductions" in former reports, but 
consists of identical items. LikeA\4se, other changes in terminology 
without effect upon the comparability of the amounts are as follows: 
"Compiled deficit" is changed to "compiled net loss," "statutory net 



STATISTICS OF INCOME 3 

income or deficit" is changed to "net income or deficit," "miscellaneous 
receipts" and "miscellaneous deductions" are changed to "other re- 
ceipts" and "other deductions," and "miscellaneous assets" and "mis- 
cellaneous liabilities" are changed to "other assets" and "other 
liabilities." 

The amount tabulated as "income tax" means tax Hability reported 
prior to allowance of credit claimed for income tax paid to a foreign 
country or United States possession. The amount of tax liability as 
reported on the returns for 1934 and shown in the tabulations in this 
v^olume is not entirely comparable with the amount of taxes collected 
during the calendar year 1935. Several factors are responsible for the 
difference in the taxes collected and the tax liability reported on the 
returns, among which are the following: 

1. The amount of tax originally reported on the returns does not 
always represent precisely the amount of tax paid, for the reason 
that an adjustment may be made as the result of an audit of the re- 
turns. These adjustments may result in additional assessments, 
thereby increasing the tax Habilit}'', or in certificates of overassess- 
ments, 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 applied as 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 1934, is, however, shown on page 9. 

3. Income tax paid at source on tax-free covenant bonds is in- 
cluded in 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. 

4. The amount of taxes on fiscal year returns shown in this report 
may not represent taxes collected during 1935 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 payment, 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 1935, collections were made of part or all of the taxes reported 
on returns for fiscal years ended from January 31, 1934 (the last quar- 
terly installment payment on which was due on or before January 15, 
1935), to September 30, 1935 (the filing of returns and the full pay- 
ment or first installment payment on which was due on or before 
December 15, 1935), whereas, there are excluded from the statistics 
in this report, as pre\aously indicated, the returns for fiscal years 
ended prior to July 1, 1934, and subsequent to June 30, 1935.^ 

5. Delays in payment due to financial embarrassment, liquidation 
of business, or any other cause, result in collections of taxes after the 
close of the year in which such taxes are due, and the classification of 
such collections as "back taxes" because made in a subsequent year. 
Certain amounts are uncollectible, due likewise to the above causes. 



4 STATISTICS OF INCOME 

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

Industrial classification. — Due to the discontinuance of the privilege 
of filing consolidated returns, except by railroads, under the Revenue 
Act of 1934, the industrial classification of corporations included in 
this report is not comparable with that for prior years. For returns 
with years ended December 31, 1934, or thereafter, the industrial 
classification of all corporations (except railroads which exercise the 
privilege of filing consolidated returns) is based on the predominant 
business of each company. Although this is a purer industrial dis- 
tribution of the returns than was possible for consolidated returns of 
affiliated groups of companies in former years, it is not a pure industry 
classification, because of the diversified industrial activities of many 
corporations. For the small nmnber of consoHdated returns included 
in this report with fiscal years ended prior to December 31, 1934, and 
for railroads, the industrial classification is based on the predominant 
business of the group of subsidiary concerns included in the con- 
solidated returns. 

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 a corporation in one State may have been derived from sources in 
other States. A corporation files its income tax retiu-n in the collection 
district in which its principal place of business or the principal ofiice 
or agency is situated, excepting affiliated concerns filing a consolidated 
return. In the latter case the consolidated returns are frequently 
filed in States other than those in which the principal places of business 
or principal offices or agencies of the subsidiaries are located. Due to 
the discontinuance of the privilege of filing consolidated returns, ex- 
cept by railroads, under the Revenue Act of 1934, a separate return for 
each company is filed in place of a consolidated return for closely 
affiliated groups of companies which was filed formerly. Conse- 
quently, the geographic distribution of the returns included in this 
report is not strictly comparable with that of prior years, because of 
the changes in the collection districts in which the returns were filed. 

Comparability with previous reports.- — In various sections of this 
report attention is called to special conditions affecting the compar- 
ability of specific items with similar data for earlier years. Due to 
the discontinuance of the privilege of filing consolidated returns, ex- 
cept by railroads, under the Revenue Act of 1934, the total as well as 
the separate items of assets, liabilities, receipts and deductions, the 
amounts of dividend payments, gross income, net income and tax, 
and the classifications of the returns by industry, by geographic loca- 
tion, by size of total assets, and by returns with net income and no 
net income are not strictly comparable with similar items and classi- 
fications for prior years. 

NUMBER OF RETURNS, NET INCOME OR DEFICIT, AND TAX (CORPORATION 

RETURNS) 

The number of income tax returns filed by corporations for 1934 was 
528,898, of which 145,101 show net income totaling $4,275,197,271, 
while 324,703 show a deficit of $4,181,027,486, and 59,094 show no 



STATISTICS OF INCOME 5 

income data. The income tax was $588,375,365, the excess-profits^ 
tax on returns with net income was $7,635,218, the excess-profits tax- 
on returns with no net income for income tax purposes was $37,540^ 
and the total tax was $596,048,123. 

The data for the 1934 returns are not strictly comparable with those' 
for the 1933 returns as published in the report, Statistics of Income 
for 1933, due to changes in the provisions of the revenue acts under 
which returns for the two years are filed. The effect on the 1934 
data of the discontinuance of the privilege of filing consolidated 
returns, except by railroads, is stated on pages 19 and 20, and in the 
general explanations on page 4. 

The 1934 data for corporations for which consoUdated returns were 
not filed for 1933 are more comparable with the 1933 data for cor- 
porations which did not file consolidated returns than are the com- 
posite data for all corporation returns for these two years. Infor- 
mation for the 1934 returns of corporations for which consolidated 
returns were not filed for 1933 and for the 1933 returns which were 
not consolidated, classified by major industrial groups, can be obtained 
from data published in this report and in the Statistics of Income for 
1933. The method of securing such data is discussed in the section 
of this report entitled "Comparability of the data tabulated from 
corporation returns for 1934 and 1933 as affected by the limitation of 
the privilege of filing consolidated returns in the Revenue Act of 
1934," on pages 20, 27-29. 

Separate tabulations for fiscal year returns (not ended December) 
and for part year returns, shown on pages 32 to 34, make it possible 
to segregate certain data for calendar year accounting periods and for 
other accounting periods. 

MAJOR INDUSTRIAL GROUPS (CORPORATION RETURNS) 

The following table shows the returns of corporations distributed 
by major industrial groups segregated by "returns showing net 
income," "returns showing no net income," and "returns showing no 
income data — inactive corporations." Basic table 1, pages 46 and 47, 
shows the returns distributed by States and Territories and likewise 
those with net income, no net income, and no income data (inactive 
corporations). 

In analyzing the data compiled from returns classified under 
the major industrial group "Finance" and under the industrial sub- 
group "Life insurance — Mutual or stock companies," allowance 
should be made for the two special deductions from gross income per- 
mitted life insurance companies under paragraphs (2) and (4), sub- 
section (a), section 203, Revenue Act of 1934, relating to reserve 
funds required by law and reserves for dividends. For returns with 
net income these deductions total $133,690,199; for returns with no 
net income, $567,665,116. In basic table 2, pages 48 to 59, the 
special deductions for Hfe insurance companies are included in "other 
deductions." 

In using 1934 data for returns showing net income and no net in- 
come classified by industrial groups and also by States and Terri- 
tories, attention is called to the fact that these data are not strictly 
comparable with those for prior years. The effect of the discon- 
tinuance of the privilege of filing consolidated returns, exept by rail- 
roads, is stated in paragraphs numbered 1, 2, 3, and 4 on pages 19 
and 20, and in the general explanations on page 4. 



STATISTICS OF INCOME 



Corporation returns for 1934 by major industrial groups, and by returns with net 
income and no net income, showing number of returns, gross income, deductions, 
net income or deficit, income tax, excess-profits tax, and percentages; also number 
tand percent of inactive corporations ^ 

[Money figures in thousands of dollars] 



Industrial groups 



Total 
number 
of re- 
turns 



Returns showing net income 



Number I'ercent Gross in- 
wumoer oft^taj come' 



Deduc- Net in- 
tions ' come 



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 clas- 
sified 

Total manufacturing 

Construction 

Transportation and other public utili- 
ties 

Trade 

Service— Professional, amusements, 
hotels, etc 

Finance— Banking, insurance, real 
estate, holding companies, stock 
and bond brokers, etc.. 

Nature of business not given 

Grand total 



10, 526 
18,656 



1,995 
4,460 



18.96 
23.91 



296, 513 
1, 161, 775 



265,941 
1,005,712 



30,572 
156, 063 



13, 362 

3,283 

405 

15, 775 

2,423 
650 

6,855 

2,318 

12,622 
8,220 
3,974 

20, 353 

6,408 



5,374 

1.368 
131 

6.682 
976 
267 

1,812 

1,208 

4,490 

3,049 

997 

6,844 

1.825 



40.22 

41.67 
32.35 
36.02 
40.28 
41.08 
26.43 
52.11 

35.57 
37.09 
25.09 
33.63 

28.48 



6, 973, 816 

851,516 
1, 023, 243 
3, 040, 608 
709, 035 
362, 756 
490, 335 
966, 703 

1, 285, 357 

3, 322, 986 

603, 592 

7, 040, 389 

772, 573 



6, 671, 487 

753, 868 
926, 946 
2, S98, 906 
672. 567 
347, 780 
463, 125 
885, 814 

1, 167, 892 

2, 998, 955 

541,842 

6, 505, 242 

702, 381 



302, 328 

97, 648 
96, 296 
141,702 
36, 468 
14, 976 
27, 210 
80,889 

117,465 

324, 031 

61,751 

535, 147 

70, 192 



96,648 



34,023 



35.20 



27, 442. 910 



25, 536, 806 



1, 905, 104 



17, 751 



28,537 
146, 056 



50, 989 



147, 277 
12. 458 



3,353 



9,808 
52,823 



11, 194 



27, 257 
188 



18.89 



34.37 
36.17 



21.95 



18.61 
1.51 



574, 874 



5, 895, 192 
22, 949, 508 



1, 561, 845 



3, 036, 267 
2,071 



543, 180 



4, 975, 894 
22, 279, 172 



1, 454, 038 



« 2, 583, 852 
1,163 



31, 694 

919, 298 
670, 336 

107, 807 



452, 414 
908 



528, 898 



145, 101 



62, 920, 954 



58. 645, 757 



4, 275, 197 



Industrial groups 



Returns showing 

net income — 

Continued 



Income 
tax 



Excess- 
profits 
tax' 



Returns showing no 
net income 



Number 



Percent 
of total 



Gross in- 
come ' 



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- Banking, in.surance. real estate, holding 

companies, stock and bond brokers, etc 

Nature of business not given 

Grand total , 



4,198 
21, 456 



80 
428 



7,331 
9,083 



69.65 
48.69 



241, 135 
1, 375, 939 



41, 768 

13, 427 

13, 241 

19, 505 

5,018 

2,094 

3,743 

11,123 

16, 148 

44. 627 

8,491 

73, 627 

9,653 



642 

402 

5 

291 

66 

20 

63 

211 

201 

643 

59 

788 

184 



7,150 

1, 540 

245 

9,741 

1,368 

340 

4,725 

1,032 

7,618 

4,559 

2,747 

12, 437 

3,767 



53.51 

46.91 
60.49 
61.75 
56.46 
52.31 
68.93 
44.52 
60.36 
55.46 
69.12 
61.11 
58.79 



1, 371, 310 

207, 905 
36, 383 

2, 209, 651 
324. 117 
393, 498 
605, 068 
347, 752 
571, 460 

3, 325, 574 
235, 957 

3, 588, 045 
433, 320 



262, 466 



3,477 



67, 269 



59.26 



13, 650, 040 



4,358 

126, 600 

92, 200 

14, 863 

62, 108 
125 



190 

329 

2,077 

348 

742 
2 



12, 588 
15:571 
88, 053 
34, 718 

98, 839 
1,251 



70.91 
54...56 
60.29 
68.09 

67.11 
10.04 



681,906 
5, 215^38 
10, 061', 452 
1,812,431 

4, 868, 813 
3,546 



588, 375 



7,673 324,703 



61.39 



37, 910, 299 



For footnotes, see page ' 



STATISTICS OF INCOME 7 

Corporation returns for 1934 by major industrial groups, and by returns with net 
income and no net income, showing number of returns, gross income, deductions, 
net income or deficit, income tax, excess-profits tax, and percentages; also number 
and percent of inactive corporations — Continued 

[Money figures in thousands of dollars] 



Industrial groups 



Returns showing no net 
income— Continued 



Deduc- 
tions ' 



Deficit 



Returns showing no 
income data— In- 
active corpora- 
tions 



Number 



Percent 
o( total 



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, holding com^ 

panics, stock and bond brokers, etc 

Nature of business not given 

Grand total 



326, 407 
1, 541, 312 



85, 272 
165, 373 



1,200 
5,113 



11.40 
27.40 



1, 422, 440 
223, 627 
38, 469 

2, 334, 565 
341, 662 
404,064 
681, 776 
376, 170 
635, 613 

3, 504, 117 
272, 484 

3, 866, 466 
474, 776 



51, 130 
15, 723 
2,086 

124,914 
17, 545 
10, 566 
76, 708 
28, 418 
64, 153 

178, 543 
36, 627 

278, 421 
41,456 



838 
375 

29 
352 

79 

43 
318 

78 
514 
612 
230 
1,072 
816 



6.27 
11.42 
7.1ft 
2.23 
3.26 
6.61 
4.64 
3.37 
4.07 
7.45 
6.79 
6.2S 
12.7$ 



14, 576, 229 



926, 189 



5,356 



6.54 



748, 387 
5, 857, 934 
10,410,613 
2, 095. 838 

< 6, 526, 002 
8,604 



66,482 
642, 896 
349, 162 
283, 406 

1, 657, 190 
5.058 



1,810 
3,158 
5,180 
5,077 

21, 181 
11,019 



10.20 
11.07 
3.54- 
9.9& 

14. 3» 

88.45. 



42,091,326 



4, 181, 027 



69,094 



11.17 



' For general explanations, see pp. 1-4. 

• Gross income and deductions correspond to total income and total deductions (items 14 and 26, re- 
spectively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and S 
on face of return). Interest received on Liberty bonds, etc. (item 11 on face of return), has been deducted 
from gross income so that gross income includes the same items as in prior years. 

» Includes excess-profits tax of $37,540 on returns with no net income. (See article l((i), Treasury Decision 
4469, "Regulations relating to excess-profits tax imposed by section 702 of the Revenue Act of 1934.") 

♦ Includes special non-expense deductions of life insurance companies. (See p. 5.) 

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, in- 
come tax, excess-profits tax, and percentages; also the number of 
returns filed for inactive corporations showing no income data. 

In using 1934 data for returns showing net income and no net in- 
come, classified by the size of the net income or deficit, attention is 
called to the fact that these data are not strictly comparable with 
those for prior years. The effect of the discontinuance of the privilege 
of filing consolidated returns, except by railroads, is stated in para- 
graph numbered 3 on page 19. 



8 



STATISTICS OF IlSrCOME 



Corporation returns for 1934, hy net income and deficit classes, showing number of 
returns, net income or deficit, income tax, excess-profits tax, and percentages 

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





Returns showing not income 


Net income classes 


Returns 


Net income 


Income tax 


Excess-profits tax 




Number 


Percent 


Amount 


Percent 


Amount 


Percent 


Amount 


Percent 


Under 1 


63,212 

17, 836 

10,245 

6.752 

4,986 

13, 191 

6,553 

3,907 

2,697 

6,425 

4,080 

2,946 

1,092 

599 

483 

97 


43.67 

12.29 

7.06 

4.65 

3.44 

9.09 

4.52 

2.69 

1.86 

4.43 

2.81 

2.03 

.75 

.41 

.33 

.07 


20, 568 

25, 680 

25,224 

23,469 

22, 293 

93, 873 

80,315 

67, 669 

60, 512 

226, 765 

286, 729 

457, 010 

379, 419 

424. 504 

943, 413 

1, 137, 754 


0.48 

.60 

.59 

.55 

.52 

2.20 

1.88 

1.58 

1.42 

5.30 

6.71 

10.69 

8.87 

9.93 

22.07 

26.61 


2,826 
3,526 
3,464 
3,224 
3,062 
12, 893 
11, 022 
9,286 
8,313 
31, 154 
39, 374 
62,844 
52, 163 
58, 396 
130, 028 
156, 800 


0.48 

.60 

.59 

.55 

.52 

2.19 

1.87 

1.58 

1.41 

5.29 

6.69 

10.68 

8.87 

9.93 

22.10 

26.65 


44 
64 
86 
85 
88 
372 
338 
274 
221 
845 
1,025 
1,321 
814 
669 
853 
537 

38 


0.57 


1-2 


.83 


2-3 


1.12 


3-4 


1.11 


4-5 


1.15 


6-10 


4.85 


10-15 


4.40 


15-20 


3.57 


20-25 


2.88 


25-50 


11.01 


50-100 


13.36 


100-250 


17.21 


250-500 


10.60 


500-1,000 


8.72 


1,000-5,000 


11.12 


5,000 and over 

Excess-profits tax on 
returns showing no 


7.00 
.50 


















Total 


145, 101 


100. 00 


4, 275, 197 


100.00 


588, 375 


100.00 


7,673 


100.00 












Deficit c 


lasses 






Returns showing no net income 




Returns 


Deficit 




N 


umber 


Percent 


Amount 


Percent 




161, 078 

44, 376 

25, 061 

15, 708 

11, 132 

26, 955 

11,208 

6,154 

4,019 

8,915 

4,942 

3,160 

1,002 

542 

396 

55 


49.61 

13.67 

7.72 

4.84 

3.43 

8.30 

3.45 

1.89 

1.24 

2.74 

1.52 

.97 

.31 

.17 

.12 

.02 


51.967 
64,010 
61, 548 
54, 429 
49, 794 
190,322 
137, 118 
106, 336 
89, 786 
311,044 
344, 082 
489, 854 
347, 931 
382, 472 
833, 724 
666, 612 


1.24 


1-2 


1.53 




1.47 


3-4 


1.30 




1.19 


6-10 


4.55 




3.28 


15-20 


2. .54 


20-25 


2.15 


25-50 - 


7.44 


50-100 - 


8.23 


100-250 - 


11.72 




8.32 


500-1 000 


9.15 




19.94 


6 000 and over - - 


15.95 














Total 


324, 703 
59. 094 


100. 00 


4,181,027 


100.00 


Returns showing no 


income dat 


a— inactiv 


B corporatio 


DS 











> See footnote 3, p. 7. 

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

That portion of the income and profits taxes paid foreign countries 
or possessions of the United States which was reported for tax credit 
by domestic corporations for the years 1925 to 1934, inclusive, is 
shown below. These amounts, although tax credits, are not deducted 
from the income tax liability shown in the tables in this report (see 
paragraph numbered 2, p. 3). 

The Revenue Act of 1934 provides that a domestic corporation 
may elect to credit the income and profits taxes paid to foreign 
countries or United States possessions against the income tax liability 



STATISTICS OF INCOME 



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 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 taxpayer's entire net income, but when reported in deductions 
from gross income the total amount of such foreign 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 
211 in the section of this report entitled "Revenue Acts of 1909-1934 
and certain provisions of the National Industrial Recovery Act 
(1933)." 

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 tax." 

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

returns for 1925 to 1934 

Year: Amount 

1925 $20,139,995 

1926 21,653,994 

1927 24,236,955 

1928 32,487,634 

1929 35,221,708 

• Revised figures. See Statistics of Income for 1933, p. 37. 

DIVIDENDS PAID (CORPORATION RETURNS) 

The amounts of cash and stock dividends paid on the capital stock 
of domestic corporations, as reported on the corporation income tax 
returns for 1934, are, cash dividends $4,889,379,408, and stock divi- 
dends $214,762,769. Amounts specifically designated as stock 
dividends in item 15 on Schedule L are tabulated as stock dividends. 
All other dividends (except liquidating dividends) are tabulated as 
cash dividends, with the result that cash dividends include dividends 
paid in other property as well as in cash. Total dividends dis- 
tributed by all corporations, and by corporations with net income and 
no net income, for the years 1922 to 1934, inclusive, are as follows: 
Cash and stock dividends paid by corporations for 1922 to 1934 * 

[Thousands of dollars] 



Year: Amount 

1930 $29,138,867 

1931 18,975,743 

1932 17,275,029 

1933 18,640,265 

1934 28,428,351 



Year 


Aggregate 


Returns showing net 
income 


Returns showing 
no net income 




Cash divi- 
dends 


Stock divi- 
dends 


Cash divi- 
dends 


Stock divi- 
dends 


Cash divi- 
dends 


Stock 
dividends 


1922 


3,436,715 
4, 169, 118 
4,338,823 

5, 189, 475 
5, 945, 293 
6,423,176 

7, 073, 723 
2 8,519,812 

8, 202, 241 

6, 151, 082 
3, 885, 601 
3, 127, 459 
4, 889, 379 


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 
214, 763 


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

5, 785, 476 

6, 585, 169 
« 8, 005, 952 

6,841,050 
3,871,880 

2, 320, 386 
2,385,889 

3, 852, 599 


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 
173,419 


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 

1, 036, 781 


181, 134 


1923 


104, 118 


1924 


43,706 


1925 


41, 042 


4926 -. 


41,430 


1927 ' - 


60,323 


1928 - 


40,275 


1929 


94, 747 


1930- 


163.681 


1931 


85,644 


1932 


53, 122 


1933 


21, 593 


1934 - 


41,341 







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

2 Revised. For 1927, see Statistics of Income for 1928, pp. 30 and 329. For 1929, the amount of cash divi- 
dends paid by corporations reporting net income, but not submitting balance sheets, in the "Metal and its 
products" group, in Micliigan, is increased by $164,150,000. 



10 



STATISTICS OF INCOME 



The cash dividends paid in 1934 show an increase of $1,761,920,622, 
or 56.3 percent over similar payments in 1933, and the stock dividends 
paid increased $112,719,683, or 110.5 percent. This large increase 
in the dividend payments is partially due to the discontinuance of the 
privilege of filing consolidated returns, except by railroads, under the 
Revenue Act of 1934, Due to "intercompany eliminations" in the 
consolidated returns for 1933 and prior years, the cash and stock 
dividends paid, as reported on consoUdated returns (on Schedule L, 
see form 1120, p. 220), represent, for the most part, payments of the 
parent company, and do not include intercompany dividend transfers. 
However, in 1934, when separate returns are filed for the parent com- 
pany and each subsidiary company, the dividends paid by each cor- 
poration are entered on the respective returns. Therefore, the total 
amount of dividends reported as paid by such groups of companies 
may appear to be much greater in 1934 than in 1933 without a corre- 
sponding increase in the amount of dividends paid to the pubHc by 
these groups of companies. The statement concerning the general 
effect of the absence of "intercompany eliminations" in the 1934 re- 
turns is found in the section of this report entitled "Comparability of 
the data tabulated from corporation returns for 1934 and 1933 as 
affected by the limitation of the privilege of filing consolidated returns 
in the Revenue Act of 1934," paragraph numbered 2, page 19. 

When the dividend payments for 1934 by corporations for which 
consolidated returns were filed for 1933 are compared with those for 

1933 by corporations filing consolidated returns, the increase in the 
cash dividends paid is found to be $1,315,196,719, or 103.8 percent, 
and the increase in the stock dividends paid is $53,568,878, or 216.4 
percent. In contrast to these figures, a comparison of returns for 

1934 of corporations for which consolidated returns were not filed for 

1933 with returns for 1933 which were not consolidated, reveals 
smaller increases in dividend payments. The cash dividends paid in 

1934 by corporations for which consolidated returns were not filed 
for 1933 increased $446,723,903, or 24.0 percent over cash dividends 
paid in 1933 by corporations widch did not file consolidated returns, 
and stock dividends paid increased $59,150,805, or 76.5 percent. The 
following table gives for the above returns the cash and stock dividend 
payments in 1933 and 1934: 

Cash and stock dividends paid by corporations in 19S3 and 1934, showing comparisons 
of 1933 consolidated returns with 1934 returns of corporations for which consolidated 
returns were filed for 1933 and of 1933 returns which were not consolidated with 
1934 returns of corporations for lohich consolidated returns were not filed for 1933 

[Money figures in thousands of dollars] 





Cash dividends paid 


Stock dividends paid 




1933 


1934 


Increase 1934 
over 1933 


1933 


1934 


Increase 1934 
over 1933 




Amount 


Percent 


Amount 


Percent 


Consolidated returns for 
1933 and returns for 1934 
of corporations for wiiich 
consolidated returns were 
filed for 1933 ^ 


1,267,339 
1,860,120 


2, 582, 536 
2,306,844 


1,316,197 
446,724 


103.8 
24.0 


24,752 
77,291 


78, 321 
136, 442 


53,569 
59, 151 


216.4 


Returns for 1933 which were 
not consolidated and re- 
turns for 1934 of corpora- 
tions for which consoli- 
dated returns were not 
filed for 1933 


76.5 






Total 


3.127,459 


4, 889. 379 


1,761,921 


56.3 


102,043 


214, 763 


112,720 


110.5 



STATISTICS OF INCOME H 

In basic table 1, pages 46 and 47, are shown for 1934, by States, 
the dividend payments reported on returns showing net income and 
no net income; in basic table 2, pages 48 to 59, are shown the dividend 
payments for 1934 by major industrial groups and by corporations 
reporting net income and no net income; and in basic table 5, pages 
72 to 77, the same data are shown for returns with balance sheets by 
size of total assets. 

COMPILED RECEIPTS AND COMPILED DEDUCTIONS (CORPORATION RETURNS) 

In the table on pages 12 and 13 there appears a summary of the com- 
piled receipts and compiled deductions for the 469,804 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 2, pages 48 to 59. 
For certain changes in the terminology of tabulated data in this report, 
see pages 2 and 3. 

Compiled receipts consist of such items as gross sales, gross receipts 
from other operations, taxable interest received, rents received, net 
gain from sale of capital assets (real estate, stocks, bonds, etc.), other 
items grouped as "other receipts," and tax-exempt income items of 
major importance (dividends received on capital stock of domestic 
corporations and interest on tax-exempt obligations). Compiled 
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, deprecia- 
tion, depletion, net loss from the sale of capital assets (real estate, 
stocks, bonds, etc.), and items not classified, including amounts of 
negative income, grouped as "other deductions." 

The amount tabulated as "cost of goods sold" includes salaries and 
wages only when so reported. Salaries and wages which may be 
allocable to "cost of goods sold" but which were reported elsewhere 
on the return were tabulated as "other deductions." In "cost of 
goods sold" are included taxes which are reported as a part of such 
cost. Other taxes allowed as a deduction by law, regardless of where 
they are reported on the face of the return, are tabulated in the 
deduction item "taxes paid other than income tax." This method 
of tabulating taxes paid has been followed each year. 

The deduction item "compensation of officers" excludes the amounts 
paid to the officers of life insurance companies which file form 1120-L. 
There is no provision on form 1120-L for reporting this item and from 
the annual statement submitted with the return it is not possible to 
secure the compensation of officers separately. 

The net loss from the sale of capital assets in returns with years 
ended December 31, 1934, and thereafter, is limited by law to an 
amount not in excess of $2,000, after deducting the gain from sales 
of capital assets. The definition of capital assets, the limitation on 
the net capital loss, and the corporations which are exempt from this 
limitation are contained in the statement of the provisions of the 
Revenue Act of 1934 on page 2. 

149581—37 2 



12 



STATISTICS OF IITCOME 



"When items of deduction, the reporting of which is provided for on 
the return under "deductions," are reported in "cost of goods sold" 
and "cost of other operations," adjustment is made and the items 
are transferred to theii- classifications under "deductions." 

Table 2 also shows the compiled net profit (or compiled net loss), 
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 compiled deductions, and 
compiled net loss is the excess of compiled deductions over compiled 
receipts. Part I of table 2 shows the aggregate data for all returns; 
part II, for returns showing net income; and part III, for returns 
showing no net income. 

For statement of compiled receipts and compiled deductions for all 
corporations submitting balance sheets distributed by major industrial 
groups and by returns sho^^ing net income and no net income, see 
table 4. pages 66 to 71, and table 5, pages 72 to 77. 

In using 1934 data for compiled receipts and compiled deductions 
classified by major industrial groups and by returns sho^^-ing net in- 
come and no net income, attention is caUed to the lack of strict com- 
parability with prior years. The eft'ect of the discontinuance of the 
privilege of filing consolidated returns, except by railroads, is stated 
in paragraphs numbered 1, 2, and 3 on page 19. 

Corporation retunts for 19S4, shoii-ing miviber of returns, compiled receipts and 
compiled dednctio?is, compiled net profit or net less, net income or deficit, income 
tax, excess-profits tax, total fax, and divide7ids paid, by corporations submitting 
and not suhmiitiyig balance sheets 

[Money figares in thousands of dollars] 



AH returns 



Total 



Corporations 

submitting 

balance 

sheets 



Corpora- 
tions not 
submitting 
balance 
sheets 



469. SM 



Number of returns 

Receipts, taxable income: 

Gross sales i 

Gross receipts from other operations '. I IS, 551, 

Interest - - 

Rents 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations '. - 



410, 626 



59. 178 



, 74, 309, 307 
1 IS, 551, 9S6 
i 2. 696. 250 
1, 585, 017 
242, 559 
j 1, 22S, 6SS 

2, 217, 446 
663,601 


72. 824, 942 

17, 913, 145 

2,640.487 

1, 497, 731 

233.322 

1, 206, 852 

2, 128. 902 
654.798 


1,484.364 

638,841 

55.763 

87.285 

9,238 

21,835 

83,544 
8.804 



Total compaed receipts < ; 101.494.854 I 99.100.179 j 2.394,675 



1 Gross sales where inventories are an income-determining factor. For "cost of goods sold," see 
"deductions." t- „ t 

' Grc>ss receipts from operations where inventories are not an income-determuung factor. For "cost of 
other operations," see "deductions." 

i Includes obligations of States and Territories, or minor political sub ii visions, securities issued under the 
Federal Farm Loan Act. and obligations of the United States or its possessions. 

* Excludes ffiross receipts from sale of capital assets. Excludes nontaxable income, other than interest on 
tax-exempt obUgations and dividends on stock of domestic corporations as rejwrted in Schedule L of the 
return. 



STATISTICS OF INCOME 



13 



Corporation returns for 19S4, showing number of returns, compiled receipts and 
compiled deductions, compiled net profit or net loss, net income or deficit, income 
tax, excess-profits tax, total tax, and dividends paid, by corporations submitting 
and not submitting balance sheets — Continued 



[Monsy figures in thousands of dollars] 



All returns 



Total 



Corporations 

submitting 

balance 

slieets 



Corpora- 
tions not 
submitting 
balance 
sheets 



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 

Net capital loss ' 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss 

Net income or deficit 

Income tax 

Excess-profits tax » 

Total tax 

Compiled net profit less total tax 

Cash dividends paid 

Stock dividends paid 



17, 



458,402 
670, 246 
173, 058 
485, 571 
421, 519 
i61,892 
182,064 
362, 108 
311, 852 
297, 397 
995, 528 



56,212,994 
8, 443, 230 
2, 101, 883 
1, 438, 390 
3, 338, 760 
2, 108, 050 
1, 151, 289 
3. 290, 081 
303, 383 
257, 697 

17, 412, 403 



1, 245, 409 

227, 016 

71,175 

47, 181 

82, 759 

53.842 

30, 774 

72, 026 

8,469 

39,700 

583. 125 



98, 519, 637 



96, 058, 159 



2, 461, 477 



2, 975, 218 

94. 170 

588, 375 

7,673 

596, 048 

2, 379. 169 

4, 889. 379 

214, 763 



3, 042, 020 

258,320 

578, 388 

7,552 

585, 940 

2, 456. 080 

4, 817, 531 

212, 117 



'» 66, 802 

10 164, 151 

9,988 

120 

10, 108 

"76,911 

71.848 

2,645 



• Includes taxes which are reported in "cost of goods sold." 

« Excludes compensation of officers of life insurance companies which file form 1120-L. 
' Excludes taxes tabulated under "cost of gcods sold." 

• For limitation on amount of net capital loss that may be reported, see statement of provisions of Revenue 
Act of 1934, p. 2. 

• See footnote 3, p. 7. 

•1 Deficit or compiled net loss. 

11 Compiled net loss plus total taxi 

ASSETS AND LIABILITIES (CORPORATION RETURNS) 

In the two following tables are shown for 410,626 corporation 
returns out of 469,804 returns of active corporations, a summary 
statement of the principal assets and Uabihties as of December 31, 
1934, or at the close of the fiscal year nearest thereto; also by net 
income and deficit classes, 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 corporations that did not submit balance sheets, or for which data 
were of fragmentary nature. In basic table 4, pages 66 to 71, the 
principal assets and liabDities are sho\'STi by major industrial groups. 
This table also includes items of compiled receipts and compiled 
deductions for active corporations which submitted balance sheets. 
For descriptive statement of compiled receipts and compiled deduc- 
tions, see pages 11 and 12. 



u 



STATISTICS OF IKCOME 



In using 1934 data for specific items of assets and liabilities shown 
on returns \nth net income and no net income classified by industrial 
groups, attention is called to the fact that these data are not strictly 
comparable with those for prior years. The effect of the discontin- 
uance of the privilege of filing consolidated retm*ns, except by rail- 
roads, is stated in paragraphs numbered 1, 2, and 3 on page 19. If it 
is desired to compare items of assets and liabilities for the 1934 returns 
of corporations for which consolidated returns were not filed for 1933 
(retm'ns which were not afl'ected by the removal of the pri^-ilege of 
filing consolidated returns) vriih similar data for the 1933 returns 
which were not consolidated, such information can be obtained from 
data published in this report. The method of secm-ing these data is 
discussed in the section of this report entitled "Comparability of the 
data tabulated from corporation returns for 1934 and 1933 as affected 
bv the limitation of the privilege of filing consolidated returns in the 
Revenue Act of 1934" on pa2:es'27 to 29. 



Assets and liabilities of corporations submitting balance sheets for 1934, by returns 
icith net income and no net income, showing major items of assets and liabilities 
as of Dec. 31, 1934, ot ot the close of fiscal year nearest thereto 

[Thousands of dollars] 



Assets and liabilities 



Aggregate 



Returns 

showing net 

income 



Returns 
showing no 
net income 



Assets: 

Cash (in till and deposits in banks) 

Xotes receivable and accounts receivable fless reserve for 
bad debts) 

Inventory. 

Tax-exempt investments— Obhgations of States and Terri- 
tories or political subdivisions; securities issued under 
the Federal Farm Loan Act and obhgations 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 i 
depletable assets Oess reserve for depreciation and deple- 
tion) - 

Other assets 



Total assets. 



LiabiUiies: 

Notes and accounts payable- 
Bonded debt and mortgages. 
Other liabilities 



Capital stock: 
Preferred - 
Common. 



Total capital stock. 



Surplus and undivided profits. 
Less deficit 



19, 960. 857 

40, 528, 879 
14,311,068 



19, 083, 771 
90, 573, 299 



102, 751, 495 
14, 097, 209 



301, 306, 577 



27, 020, 650 
48, 604, 2S1 
84. 096, 415 



114.717 



15, 286, 903 
8,714,965 



4. 655, 546 
30. 252, 141 



42; 679. 829 
5, 309, 733 



12, 846, 140 



25,241,975 
5. 596, 103 



14, 428, 224 
60, 321, 153 



60, 071, 666 
8, 787, 475 



114,013,834 



187, 292, 743 



10,516,209 
14.471,439 
18, 462, 664 



16, 504. 441 
34, 132, 841 
65. G33, 751 



19. 976. 094 
84,970,011 



S, 578, 552 
38,601.543 



11. 397, 543 
46, 368, 468 



104. 946, 105 I 47, ISO, 095 57, 766, Oil 



48, 9S6, 312 
12, 347, 186 



24. 774, 885 
1,391,458 



24,211.427 
10, 95."), 728 



36,639,126 I 23, 383. 427 j 13,255.699 



Net surplus - 

Total habilities I 301,306,577 | 114,013,834 I 187,292,743 



STATISTICS OF INCOME 



15 



Number of corporation returns filed for 1934 o-nd number of balance sheets by net 

income and deficit classes 



Net income and deficit classes 
(Thousands of dollars) 



Returns showing net income 



Number 
of re- 
turns 



Number 

of balance 

sheets 



Percent 
of balance 
sheets to 

returns 



Returns showing no net income 



Number 
of re- 
turns 



Number 

of balance 

sheets 



Percent 
of balance 
sheets to 

returns 



Under 1 

1-2 

2-3 

3-4 

4-5 

6-10 

10-15. 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500 

600-1,000 

1,000-5,000 

6,000 and over. 



63, 212 
17,836 
10, 245 
6,752 
4,986 
13, 191 
6,553 
3,907 
2,697 
6,425 
4,080 
2,946 
1,092 
599 
483 
97 



55, 841 
16, 835 
9,785 
6,523 
4,849 
12,850 
6,421 
3,823 
2,653 
6,298 
3,995 
2,860 
1,069 
591 
474 
97 



88.34 
94.39 
95.51 
96.61 
97.25 
97.41 
97.99 
97.85 
98.37 
98.02 
97.92 
97.08 
97.89 
98.66 
98.14 
lOOOO 



161, 078 

44, 376 

25,061 

15, 708 

11, 132 

26, 955 

11,208 

6,154 

4,019 

8,915 

4,942 

3,160 

1,002 

542 

396 

55 



128, 710 

38, 133 

22, 070 

14, 073 

10, 076 

24, 827 

10, 470 

5,732 

3,767 

8, 361 

4, 630 

2,941 

925 

516 

377 

54 



Total 

Returns showing no Income data— Inac- 
tive corporations 



145, 101 



134, 964 



93.01 



324, 703 
59, 094 



275, 662 



79.90 
85.93 
88.07 
89.59 
90.51 
92.11 
93.42 
93.14 
93.73 
93.79 
93.69 
93.07 
92.32 
95.20 
95.20 
98.18 



84.90 



Balance sheet items not otherwise classified are tabulated under 
"other assets" and "other liabilities," among which are the following: 

Other assets. — Copyrights; formulas; goodwill; patents; trade marks; 
sinking funds; other funds; deferred charges; organization expenses; 
prepaid and suspense items; interest, discount, coupons, and dividends 
receivable; guaranty deposits, and deposits on contracts, meters, and 
leaseholds; cash value of life insurance. Other assets of life insurance 
companies include market value of real estate and bonds in excess of 
book value; interest, rents, and premiums due; and agents' balances. 

Other liabilities. — Deferred and suspense items; funds held in trust; 
borrowed securities; discount and dividends payable; outstanding 
coupons and certificates; overdrafts; and all other reserves excepting 
reserves for bad debts, depreciation, and depletion. Other liabilities 
of life insurance companies include the net value of outstanding poli- 
cies and securities, and borrowed money. Other liabilities of banks 
include deposits (time, saving, demand, etc.) and bank notes in 
circulation. 

The following changes in classification of data affect the compara- 
bility of asset and liability data over a period of years: Prior to 1929, 
"investments other than tax-exempt" were included in "other assets" 
for all corporations; beginning with 1929 such investments were 
segregated for corporations other than life insurance; for 1930 and 
subsequent years, "Investments other than tax-exempt" were seg- 
regated for all corporations. Over a period of years shifts appear 
under "liabilities" in the amounts reported as "common stock" and 



16 



STATISTICS OF INCOME 



"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." 

In the following table there is shown a more detailed tabulation of 
the capital assets than has been published in this report in prior years. 
In addition to the net capital assets (after reserves for depreciation and 
depletion have been deducted from gross capital assets) there are 
tabulated, by industrial groups, the gross capital assets [including (1) 
depreciable and depletable assets (buildings, machinerj^ and equip- 
ment, furniture and fixtures, delivery equipment and natural resources) 
and (2) land] and the reserves for depreciation and depletion (except 
on land). Attention is called to the fact that the amounts of money 
in the following table are in millions of dollars. 

Returns of corporations submitting balance sheets for 19S4, by industrial groups and 
by returns with net income and no net income, showing gross capital assets, reserves 
for depreciation and depletion, and net capital assets 

[Millions of dollars] 





Aggregate 


Returns showing net income 


Industrial groups 


Gross 
capital 
assets > 


Reserves 
for depre- 
ciation and 
depletion 
(except on 
land) 


Net 
capital 
assets • 


Gross 
capital 
assets • 


Reserves 
for depre- 
ciation and 
depletion 
(except on 
land) 


Net 
capital 
assets ' 


Agriculture and related industries 

Mining and quarrying 


1,630 
10,290 


327 
4,174 


1,303 
6,116 


640 
3,959 


163 
1,812 


377 
2 147 






Manufacturing: 

Food and kindred products 

Liquors and beverages (alcoholic 
and nonalcoholic)- - 


3,648 

599 

154 

3,393 

299 

633 

1,809 

1,642 

1,199 

8,114 

1,639 

11, 362 

847 


1,399 

148 
72 
1,538 
131 
285 
583 
664 

511 
3,761 

619 
4,794 

384 


2,249 

451 

82 

1,856 

168 

348 
1,226 

978 

688 
4,352 
1,020 
6,569 

463 


2,666 

406 
140 

1,667 
172 
292 
408 

1,017 

757 
3,098 

832 
6,649 

454 


1,048 

105 
66 
753 
75 
123 
143 
411 

320 
1,380 

319 
2,449 

206 


1,618 
300 


Tobacco products . .. 


74 


Textiles and their products 

Leather and its manufactures 

Rubber products 


914 
97 
169 


Forest products 


265 


Paper, pulp, and products 

Printing, publishing, and allied 
industries 


607 
437 


Chemicals and allied products 

Stone, clay, and glass products 

Metal and its products 


1,717 

513 

3,200 


Manufacturing not elsewhere 
classified 


247 






Total manufacturing .. 


35, 339 


14, 888 


20,451 


17, 556 


7,397 


10, 159 






Construction. _ . _ . 


927 

57, 918 

5,598 

6,917 

16, 699 
47 


381 

7,445 
1,901 

1,470 

2,010 
18 


646 

50, 472 
3,698 

5,447 

14,689 
29 


303 

27, 876 
3,108 

1,527 

3,711 
22 


134 

4,369 
1,078 

375 

581 
13 


169 


Transportation and other public 
utilities.. 


23,507 


Trade 


2,029 


Service— Professional, amusements, 
hotels, etc 


1,152 


Finance— Banking, insurance, real 
estate, holding companies, stock 
and bond brokers, etc.. 


3,130 


Nature of business not given 


S 






Grand total 


135, 365 


32, 614 


102, 751 


58,602 


15, 922 


42,680 







For footnotes see page 17. 



STATISTICS OF INCOME 



17 



Returns of corporations submitting balance sheets for 1934, by industrial groups and 
by returns with net income and no net income, showing gross capital assets, reserves 
for depreciation and depletion, and net capital assets — Continued 

[Millions of dollars] 



Industrial groups 



Returns showing no net income 



Gross 
capital 
assets 1 



Reserves 
for depre- 
ciation and 
depletion 
(except on 
land) 



Net 
capital 
assets > 



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, holding companies, stock and 

bond brokers, etc 

Nature of business not given 

Grand total 



1,090 
6,331 



164 
2,362 



926 



982 

193 

14 

1,727 
127 
341 

1,401 
625 
442 

5,016 
807 

5,713 
393 



352 

43 

6 

785 

56 

162 

440 

254 

191 

2,381 

300 

2,344 

178 



631 
151 
8 
042 
71 
179 
961 
371 
251 

2,635 
507 

3,369 
216 



17, 783 



7,491 



10,292 



624 

30, 042 

2,491 

5,391 

12, 988 
25 



247 
3,076 

822 
1,095 

1,428 



377 

26, 965 

1,668 

4,296 

11, 559 
20 



76, 763 



16, 691 



60, 072 



' Includes (1) depreciable and depletable assets (buildings, machinery and equipment, furniture and 
fixtures, delivery equipment, and natural resources) and (2) land. 
' Amounts in this column are tabulated in text table on p. 14 and in basic tables 4, 5, and 6. 

ASSETS AND LIABILITIES, COMPILED RECEIPTS AND COMPILED DEDUCTIONS BY 
TOTAL ASSETS CLASSES (CORPORATION RETURNS) 

For corporations submitting balance sheets, classified by total assets 
classes, the following table shows for all returns, and for returns with 
net income and no net income, the number of returns, total assets, 
total compiled receipts, compiled net profit or net loss, and net income 
or deficit. These data are compiled from 410,626 returns filed by 
corporations that submitted balance sheets. The difference betw^een 
this number and 469,804 active corporations represents returns of 
corporations that did not submit balance sheets, or for which balance 
sheet data were of a fragmentary nature. In connection with the 
classification of corporation data by size of total assets, attention is 
directed to the fact that the balance sheet form "Schedule K" of the 
corporation income tax return (facsimile on p. 219) provides 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 5, pages 72 to 77, are shown for all returns and for 
returns with net income and no net income, classified by size of total 
assets, the principal assets and liabilities as of December 31, 1934, or 
at the close of the fiscal year nearest thereto, and the principal items 
of compiled receipts and compiled deductions. In basic table 6, 



18 



STATISTICS OF INCOME 



pages 78 to 95, are shown for returns with net income and no net in- 
come, by major industrial groups and total assets classes, selected 
items of assets and liabilities as of December 31, 1934, or at close of 
fiscal year nearest thereto; also selected items of receipts, compiled 
net profit or net loss, net income or deficit, and cash dividends paid. 
In using 1934 data for returns with balance sheets, classified by 
total assets classes and by returns with net income and no net income, 
attention is called to the fact that these data are not strictly com- 
parable vnth those for prior years. The efi'ect of the discontinuance 
of the privilege of filing consolidated returns, except by railroads, is 
stated in paragraphs numbered 2 and 3 on page 19. 



Returns of corporations submitting balance sheets for 19S4 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 net loss, and net income or 
deficit 

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



Total assets classes 



Number 

of 
returns 



Total 
assets — 

Total 
liabilities 



Total com- 
piled 
receipts ' 



Compiled 
net profit 
or net loss » 



Net income 
or deficit 



All returns 



Under 50 

60-100 

100-250 

250-500 

600-1,000 

1,000-5,000 

6,000-10,000.... 
10,000-50,000... 
60,000 and over 

Total.... 



Under 50 

60-100 

100-250 

250-500 

600-1,000 

1,000-5,000 

5,000-10.000.... 
10,00(V50.000... 
60,COO and over 

Total 



Under 50 

60-100 

lOfr-250 

260-500 

600-5,000 

1.00(>-.5,000 

5,000-10.000.... 
11,000-50,000... 
60,000 and over 

Total.... 



223, 
57, 
5S, 
28, 
18, 
18, 

2. 

2, 



410, 626 



4, 037, 529 
4, 120,449 
9, 230, 935 
10, 096, 212 
12,856,239 
38. 603, 148 
19, 789, 164 
49, 404, 970 
153, 167, 932 



301, 306, 577 



587, 570 
401,588 
466, 023 
884, 795 
114,978 
106, 203 

588, 919 
408, 424 
541, 680 



99, 100, 179 



' 250, 299 

3 47. 20S 

3 27, 786 

21,403 

55. 26 1 

290,111 

171,021 

748,481 

2, 080, 431 



3, 042, 019 



Returns showing net income 



134, 964 



1, 338, 541 

1. 568, 764 

3, 559. 453 

3,831.641 

4, 883, 067 

14, 409. 294 

7, 704, 940 

21,110,087 

55, 608, 048 



114,013,834 



836, 096 
169, 579 
376,413 
643,585 
833, 381 
866, 843 
474, 792 
485, 458 
483, 599 



62, 169, 745 



102, 736 
102, 833 
227, 677 
242, 999 
302, 143 
822, 221 
421,094 
1,041.072 
2, 050, 702 



5,313,478 



Returns showing no net income 



159, 709 

35, 871 

35. 702 

17,794 

11,353 

11,643 

1,744 

1,390 

456 



275, 662 



698, 988 
551,685 
671, 4S2 
264, 571 
973, 172 
193,854 
084, 224 
294,883 
559, 884 



187, 292. 743 



4,751,474 
2, 232, 009 
3, 089, 610 
2, 241, 210 
2,281,597 
5. 239, 36C 
2, 114, 127 
4, 922, 966 
10, 058, 081 



36, 930, 434 



' 3.53, 035 
« 150, 041 
» 255, 403 
3 221, 596 
« 246, 879 
8 532. lie 
3 249, 473 
'292,591 
29,729 



3 256, 800 

3 52, 627 

3 49, 774 

3 12, 631 

3 4. 399 

27, 280 

11,334 

274,316 

321,621 



258, 320 



100, 921 
100, 979 
219, 712 
230. 800 
279, 981 
728, 945 
362, 358 
854,988 
1, 323, 650 



4, 202, 335 



3 357, 721 
3 153, 606 
3 269, 486 
3 243,431 
3 2S4, 3S0 
3 701. 665 
3 351, 024 
3 580, 672 
3 1, 002, 029 



•2,271,459 » 3, 944, 015 



1 See footnote 4, p. 12. 

' Compiled net profit or loss is total compiled receipts less compiled deductions. 

• Deficit or compiled net loss. 



STATISTICS OF INCOME 19 

COMPARABILITY OF THE DATA TABULATED FROM CORPORATION RETURNS FOR 
1934 AND 1933 AS AFFECTED BY THE LIMITATION OF THE PRIVILEGE OF FILING 
CONSOLIDATED RETURNS IN THE REVENUE ACT OF 1934 (CORPORATION RETURNS) 

The provisions of section 141 of the Revenue Act of 1934 limit the 
privilege of filing consolidated returns to common carriers by railroad 
(the term "common carrier by railroad" includes steam and electric 
railroads but excludes street, suburban, and interurban railways, and 
express, refrigerator, and sleeping car companies). For 1934, there 
were 27,376 returns filed by corporations for which consolidated re- 
turns were filed for 1933. These 1934 returns include 26,931 returns 
which are not consolidated and 445 returns which are consolidated. 
(For tabulation of the 1934 consolidated returns by industrial groups, 
net income or deficit classes, and number of subsidiaries, see pages 29 
to 32.) The number of returns with net income is 9,390, showing net 
income totaling $1,618,735,899, while 15,068 returns show deficit of 
$1,768,452,499 and 2,918 returns show no income data. The income 
tax is $223,340,619, the excess-profits tax on returns with net income 
is $1,736,413, the excess-profits tax on returns with no net income for 
income tax purposes is $5,078, and the total tax is $225,082,110. The 
number of 1934 returns of corporations for which consolidated returns 
were filed for 1933 represents 5.2 percent of all 1934 corporation re- 
turns, the net income 37.9 percent of the net income of 1934 returns 
showing net income, and the tax 37.8 percent of the total tax for 1934 
corporations. 

Due to the discontinuance of the privilege of filing consolidated re- 
turns, except by railroads, the information presented for 1934 corpora- 
tions in this report is not strictly comparable with the data published 
in the Statistics of Income for 1933 and prior years for the following 
reasons: 

1. The consolidated returns, which were necessarily classified ac- 
cording to the predominant industrial activity of the consolidated 
group, embraced subsidiary concerns which frequently were engaged 
in industrial activities entirely different from the predominant busi- 
ness of the consolidated group. Under the Revenue Act of 1934, a 
separate return is filed by each of the affiliated corporations (excepting 
railroads which may file consolidated returns) and each of these sepa- 
rate returns is classified on its predominant business, with the result 
that many 1934 returns fall in industrial divisions other than the ones 
in which they were included in prior years. 

2. In the consolidated returns there frequently are oflset items 
commonly referred to as "intercompany eliminations" which, however, 
do not occur when each company files separate income tax returns. 
Consequently, items of assets, liabilities, receipts and deductions, as 
well as dividend payments, gross income, net income, and tax are 
materially affected by the absence of intercompany eliminations in the 
tabulation of the 1934 returns. 

3. The classification of consolidated returns by net income or deficit 
classes is based on the composite net income or deficit of the group 
of affiliated concerns included in the consolidated return, whereas for 
the separate returns filed for 1934 the classification is based on the 
net amount for each return. The same basic distinction obtains in 
the classification of the consolidated returns and the separate returns 
by size of total assets. 



20 STATISTICS OF INCOME 

4. Consolidated returns are frequently filed in States other than 
those in which the principal places of business or principal offices or 
agencies of the subsidiaries are located. Consequently, for 1934, with 
the break-up of the consolidated returns and the filing of separate 
returns by each subsidiary, the geographic distribution of the returns 
of the subsidiary companies differs in many instances from that of the 
consolidated returns. 

Data are presented in the two following tables for the 27,376 returns 
for 1934 of corporations for which consoUdated returns were filed for 
1933. Through the data presented in these two tables the effect of 
the discontinuance of the consolidated form of return on the tabulation 
of all corporation returns for 1934 can, to some extent, be approximated. 
In the first following table, the 1934 returns of corporations for which 
consolidated returns were filed for 1933 are classified according to the 
predominant industrial activity reported on the 1934 returns. The 
method of classification is similar to that used for all 1934 returns in 
the text table on pages 6 and 7, and attention is called to the fact 
that the figures in the first following table are included in the text 
table for all 1934 returns on pages 6 and 7. 

The data for 1934 corporations for which consolidated returns were 
not filed for 1933 are more comparable with the data for 1933 cor- 
porations which did not file consolidated returns than are the com- 
posite data for all corporation returns for these two years. The num- 
ber of returns, gross income, deductions, net income or deficit, and 
tax, classified by major industrial groups, for the 1934 returns of 
corporations for which consolidated returns were not filed for 1933 
and for the 1933 returns which were not consolidated, can be ob- 
tained by the following method: By subtracting the figures in the 
first following table from those for all 1934 returns in the text table 
of this report on pages 6 and 7, the data for the 1934 corporations 
for which consolidated returns were not filed for 1933 can be secured; 
similarly, if the data for the 1933 consolidated returns, as printed in 
the text table of the complete report. Statistics of Income for 1933, 
on pages 33 and 34, are subtracted from corresponding data for aU 
1933 corporations, as printed in the text table of that report on 
pages 23 and 24, the data for the 1933 corporations which did not file 
consolidated returns can be secured, (See also text on pages 27-29.) 

In the second following table, pages 22 to 24, the 27,376 returns filed 
for 1934 by corporations for which consolidated returns were filed for 
1933 are classified according to the predominant industrial activity 
shown on the 1933 consolidated returns for these corporations. Con- 
sequently, this table presents the 1934 data by the industrial classifi- 
cation of the predominant business under which they were classified on 
the consolidated returns in which they were included prior to the 
passage of the Revenue Act of 1934. In a comparison of the 1934 data 
in the two following tables, the differences in the figures for each indus- 
trial group are due to the changes in the industrial classification which 
occurred because of the break-up of the consolidated returns in 1934. 
Many of the companies which were included in a consolidated return 
for 1933 are classified in 1934 under an industrial activity differing 
from that of the consoilooird return for 1933. 



STATISTICS OF INCOME 



21 



Returns for 19S4 of corporations for which consolidated returns were filed for 1933, by 
major industrial groups, classified by business reported on the returns for 1934, 
and by returns with net income and no net income, showing number of returns, gross 
income, deductions, net income or deficit, income tax, excess-profits tax, and per- 
centages; also number and percent of inactive corporations ' 

[Money figures in thousands of dollars] 



Industrial groups 



Total 
number 

of re- 
turns ' 



Returns showing net income 



Number 



Percent 
of total 



Gross in- 
come' 



Deduc- 
tions* 



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, insm-ance, real estate, hold 

ing companies, stock and bond brokers, etc 

Nature of business not given 

Grand total 



377 
1,321 



72 
400 



19.10 
30.28 



92,280 
555, 235 



81,871 
498, 973 



1.019 

131 

17 

488 

99 

63 

336 

185 

539 

728 

212 

1,256 

296 



481 

51 

8 

172 

43 

30 

79 

86 

274 

383 

70 

545 

106 



47.20 

38.93 
47.06 
35.25 
43.43 
47.62 
23.51 
46.49 
50.84 
52.61 
33.02 
43.39 
35.81 



3, 838, 544 

155, 093 
99, 090 
354, 506 
113,026 
243, 650 
112,474 
227, 719 
324, 626 

1, 565, 316 
202, 439 

3, 809, 756 
239, 059 



3, 726, 832 

134. 226 
93, 805 
338, 447 
108, 420 
235, 497 
104, 941 
210, 543 
297, 073 

1, 446, 042 
182, 315 

3, 522, 814 
208, 645 



5,369 



2,328 



43.36 



11,285,299 



10, 609, 598 



419 
4,555 
5,001 
2,242 

7,492 
000 



90 

1,803 

2,264 

710 

1,695 



21.48 
39.58 
45.27 
31.67 

22.62 
4.67 



72, 378 

3, 637, 619 

6, 723, 780 

558, 650 

983, 163 
623 



68, 747 

3, 143, 854 

6, 528, 244 

526, 765 

• 831, 895 
346 



27, 376 



9,390 



34.30 



23, 909, 028 



22, 290, 293 



Industrial groups 



Returns showing net income — 
Continued 



Net in- 
come 



Income 
tax 



Excess- 
profits 
tax* 



Returns showing 
no net income 



Number 



Percent 
of total 



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 pubhc utihties 

Trade 

Service— Professional, amusements, hotels, etc 

Finance — Banking, insurance, real estate, holding 

companies, stock and bond brokers, etc. 

Nature of business not given 

Grand total- - 



10, 410 
56, 262 



1,431 
7,736 



276 
769 



73.21 
58.21 



111,712 

20, 867 
5,285 

16, 060 
4,607 
8,152 
7,533 

17, 176 

27, 553 
119, 275 

20,124 
286, 943 

30, 414 



15, 562 

2,870 
727 
2,230 
637 
1,156 
1,038 
2,367 
3,789 

16, 473 
2,767 

39, 499 
4,184 



(•) 



192 



2 

24 

9 

3 

5 

21 
30 
129 
) 

104 
28 



348 

56 

7 

293 

53 

28 
241 

93 
230 
314 
130 
654 
166 



34.15 

42.75 
41.18 
60.04 
53.54 
44.44 
71.73 
50.27 
42.67 
43.13 
61.32 
52.07 
56.08 



675, 700 



93, 299 



2,613 



48.67 



3,631 

493, 766 

195, 636 

31,885 

151, 269 
277 



500 

68, 115 

26, 967 

4,461 

20, 793 

38 



13 
100 
670 

41 

217 
1 



287 
2,247 
2,293 
1,321 

5,171 
91 



68.50 
49.33 
45.85 
58.92 

69.02 
15.17 



1, 618, 736 



223, 341 



1,741 



15, 068 



55.04 



For footnotes, see p. 22. 



22 



STATISTICS OF INCOME 



Returns for 1934. of corporations for which consolidated returns were filed for 19SS, by 
major industrial groups, classified by business reported on the returns for 1934, and 
by returns with net income and no net income, showing number of returns, gross in- 
come, deductions, net income or deficit, income tax, excess-profits tax, and percentages', 
also number and percent of inactive corporations — Continued 

[Money figures in thousands of dollars] 



Industrial groups 









Returns 


showing 


Returns showing no net income- 


no income data- 




Continued 




Inactive corpora- 








tions 




Gross in- 
come' 


Deduc- 
tions ' 


Deficit 


Number 


Percent 
of total 


46, 207 


54,134 


7,927 


29 


7.69 


953, 432 


1, 041, 150 


87, 718 


152 


11.51 


423, 405 


436, 176 


12, 771 


190 


18.65 


24, 542 


26, 104 


1,562 


24 


18.32 


6, 3fi7 


6,612 


246 


2 


11.76 


498, 176 


527, 451 


29, 275 


23 


4.71 


64, 191 


66, 971 


2,780 


3 


3.03 


321, 205 


325, 326 


4,121 


5 


7.94 


151. 342 


173,110 


21, 768 


16 


4.76 


161, 375 


175, 758 


14, 383 


6 


3.24 


149, 351 


183, 606 


34, 255 


35 


6.49 


2,928,962 


3, 077, 855 


148. 893 


31 


4.26 


46, 623 


54, 139 


7,515 


12 


5.66 


2, 044, 061 


2, 180, 107 


136, 046 


57 


4.54 


175, 535 


191, 141 


15,606 


24 


8.11 


6, 995, 135 


7, 424, 356 


429, 221 


428 


7.97 


120, 280 


133, 908 


13, 628 


42 


10.02 


3, 988, 658 


4. 501, 792 


513, 134 


505 


11.09 


2, 421, 057 


2, 503, 917 


82, 861 


444 


8.88 


386,013 


458, 579 


72, 566 


211 


9.41 


1, 368, 753 


5 1,929,390 


560, 637 


626 


8.36 


147 


906 


759 


481 


80.16 


16, 279, 682 


18,048,134 


1, 768, 452 


2,918 


10.66 



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, hold 

ing companies, stock and bond brokers, etc. 

Nature of business not given.. 

Grand total. 



' For general explanations see pp. 1-4. 

' Includes consolidated returns for 1934 filed by corporations with fiscal years ended prior to Dec. 31, 1934, 
and by railroads. 3 gee footnote 2, p. 7. 

* Includes excess-profits tax of $5,078 on returns with no net income (see article \{d) of Treasury Decision 
4469, "Regulations relating to excess-profits tax imposed by section 702 of the Revenue Act of 1934"). 
See footnote 4, p. 7. « Less than $500. 

Returns for 1934 of corporations for which consolidated returns xcere filed for 1933, by 
major industrial groups, classified by business reported on the consolidated returns 
for 1933, and by returns with net income and no net income, showing number of 
returns, gross income, deductions, net income or deficit, income tax, excess-profits 
tax, and percentages; also number and percent of inactive corporations ' 

[Money figures in thousands of dollars] 



Industrial groups 



Total 
number 

of re- 
turns 2 



Returns showing net income 



Number 



Percent 
of total 



Gross in- 
come ' 



Deduc- 
tions ' 



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 — 

For footnotes see page 24. 



291 
1,449 



78 
465 



26.80 
32.09 



135,331 
666, 182 



122, 684 
605, 341 



1,617 

166 
41 
652 
204 
173 



710 



20 
230 
91 



43.91 

40.96 
48.78 
35.28 
44.61 
39.88 



4, 435, 800 

212, 267 
106,364 
346, 713 
164, 141 
360, 331 



4, 305, 403 

179, 088 
100, 030 
330, 972 
158,328 
347, 863 



STATISTICS OF INCOME 



23 



Returns for 1934 of corporations for which consolidated returns were filed for 1933, by 
major industrial groups, classified by business reported on the con&olidaied returns 
for 1933, and by returns with net income and no net income, showing number of 
returns, gross income, deductions, net income or deficit, income tax, excess-profits 
tax, and percentages; also number and percent of inactive corporations — Continued 

[Money figures in thousands of dollars] 



Industrial groups 



Manufacturing— Continued. 

Forests 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, hold- 
ing companies, stock and bond brokers, etc. . 
Nature of business not given 



Total, all industrial groups 

1933 industrial activity not available. 



Grand total. 



Total 
number 
of re- 
turns' 



534 
348 
714 

1,426 
304 

2,499 
499 



9,177 



366 
4,723 
3,339 
2,042 

4,888 



26, 281 
1,095 



Returns showing net income— Continued 



Number 



119 
141 
341 

658 
99 
976 
181 



Percent 
of total 



3,703 



79 

1,645 

1,474 

604 

1,088 
1 



27, 376 



9,137 
253 



9,390 



22.29 
40.52 
47.76 
46.14 
32.57 
39.06 
36.27 



40.35 



21.59 
34.83 
44.14 
29.58 

22.26 
16.67 



34.77 
23.10 



Gross in- 
come' 



139, 480 
258, 224 
369, 963 

2,311,596 
224, 802 

5, 102, 769 
302, 978 



14, 335, 428 



49, 079 

3, 587, 579 

4, 046, 989 
544,339 

529, 965 

7 



34.30 



23, 894, 899 
14,129 



Deduc- 
tions ' 



130, 302 
240, 177 
339, 350 

2, 081, 500 
203, 794 

4, 782, 540 
268, 903 



13, 468, 251 



46, 135 

3, 155, 992 

3, 915, 866 

516, 176 

« 446, 149 
7 



22, 276, 600 
13, 692 



23, 909, 028 



22, 290, 293 



Industrial groups 



Apiculture 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. 



Returns showing net 
income— Continued 



Net in- 
come 



Income 
tax 



12,646 
60,841 



130, 397 

33, 179 
6,334 

15, 740 
5,813 

12, 467 
9,178 

18, 047 

30, 613 
230, 096 

21, 008 
320, 229 

34,075 



867, 178 



Service — Professional, amusements, hotels, etc 

Finance — Banking, insurance, real estate, holding 

companies, stock and bond brokers, etc 

Nature of business not given 



Total, all industrial groups 

1933 industrial activity not avaUable. 



Grand total. 



2,944 

431, 587 

131, 123 

28,163 

83,816 
1 



1, 618, 299 
437 



1,739 
8,366 



18, 131 

4,563 

871 
2,187 
803 
1,749 
1.264 
2,486 
4,209 

31,711 
2,889 

44, 076 
4,690 



119, 629 



Excess- 
profits 
tax« 



273 

323 

5 
18 

9 
22 

6 
33 
33 
153 
17 
158 
39 



1,089 



Returns showing 
no net income 



Number 



188 
836 



Percent 
of total 



64.61 
57.70 



537 

65 

18 

370 

105 

83 

372 

168 

314 

640 

181 

1,210 

265 



405 

59, 566 

18, 108 

3,949 

11, 518 
(«) 



223, 281 
60 



1, 618, 736 



223, 341 



2 
114 
309 
45 

130 



1,740 
2 



1,741 



4,328 



271 
2,472 
1,587 
1.244 

3,388 
2 



14, 316 

752 



15,068 



33.21 

39.16 
43.90 
56.75 
51.47 
47.98 
69.66 
48.27 
43.98 
44.88 
69.54 
48.42 
53.11 



47.16 



74.04 
52.34 
47.53 
60.92 

69.31 
33.33 



54.47 
68.68 



55.04 



For footnotes, see page 24. 



24 



STATISTICS OF INCOME 



Returns for 1934 of corporations for which consolidated returns were filed for 1933, by 
major industrial groups, classified by business reported on the consolidated returns 
for 1933, and by returns with net income and no net income, showing number of 
returns, gross income, deductions, net income or deficit, income tax, excess-profits 
tax, and percentages; also number and percent of inactive corporations — Continued 

[Money figures in thousands of dollars] 



Industrial groups 



Returns showing no net 
income— Continued 



Gross in- 
come* 



Deduc- 
tions 3 



Deficit 



Returns showing 
no income data — 
Inactive corpora- 
tions 



Number 



Percent 
of total 



Agriculture and related industries 

Mining and quarrying 

Manufacturing: 

Food and Jiindred 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 utilitiea 

Trade 

Service — Professional, amusements, hotels, etc. 

Finance — Banking, insurance, real estate, 
holding companies, stock and bond brokers, 
etc - 

Nature of business not given 

Total, all industrial groups 

1933 industrial activity not available 

Grand total... 



41, 930 
908, 095 



47,289 
980, 927 



5,359 
72,832 



667, 310 

33, 793 

16, 620 
477, 595 

95, 749 
386, 208 
182, 456 
162, 584 
192, 452 
3,371.499 

72, 702 

2, 388, 730 

144, 284 



688, 928 

35, 180 

16, 963 

508, 345 

100, 858 

394, 336 

204, 221 

177, 925 

234, 033 

3,562,116 

80, 685 

2, 547, 862 

159, 282 



21, 618 

1,387 

343 

30, 750 

5,108 

8,128 

21, 765 

15,341 

41, 581 

190, 617 

7,982 

159, 132 

14, 998 



8, 191, 982 



8, 710, 733 



518, 751 



70, 887 

4, 589, 131 

1, 403, 022 

345, 583 



697, 443 
(«) 



80, 049 

5, 278, 741 

1, 460, 145 

424, 688 



' 1, 030, 481 
1 



9,163 

689,610 

57, 123 

79, 106 



333, 038 
1 



16, 248, 072 
31,610 



18, 013, 055 
35, 079 



1, 764, 983 
3,470 



16, 279, 682 



18, 048, 134 



1, 768, 452 



25 

148 



370 

33 
3 
52 
8 
21 
43 
39 
59 

128 
24 

313 
53 



1,146 



16 
606 
278 
194 



412 
3 



2,918 



8.59 
10.21 



22.88 

19.88 
7.32 
7.97 
3.92 

12.14 
8.05 

11.21 
8.26 
8.98 
7.89 

12.52 

10.62 



12.49 



4.37 
12.83 
8.33 
9.50 



8.43 
50.00 



10.76 
8.22 



10.66 



• For general explanations, see pp. 1-4. 
2 See footnote 2, p. 22. 
' See footnote 2, p. 7. 



* See footnote 4, p. 22. 
» See footnote 4, p. 7. 
6 Less than $500. 



An illustration of the effect of the limitation of the privilege of filing 
consolidated returns on the industrial classification of the 1934 returns 
is shown in the following table, in which the number of 1934 returns 
in each industrial group is distributed by the industrial classification 
of the consolidated returns on which the data for these corporations 
were reported for 1933. The "Finance" group is illustrative of the 
shift which occurred in 1934. Of the 7,492 returns for 1934 classified 
as "Finance," when distributed on the industrial classification of the 
consolidated returns for 1933, in which the data for these corporations 
were included, only 4,103 returns for 1934 were classified as "Finance" 
and 3,389 were classified under "Manufacturing," "Trade," and other 
industrial groups. Again with special reference to the "Finance" 



STATISTICS OF INCOME 



25 



group for 1934, the increase in the number of returns over the number 
in this group based on the industrial classification of the consolidated 
returns for 1933 is due, in part, to the 1934 returns of corporations 
which, as parent companies, were formerly included in the group of 
affiliated concerns filing consolidated returns. If the parent company 
for 1934 is a holding company, the return is classified under ''Finance." 
However, the 1933 consolidated return, for the group of companies 
in wliich this parent company was included, was classified according 
to the principal business activity of the unit of companies as a whole. 

Number of returns for 19S4 of corporations for which consolidated returns were filed 
for 193S, by industrial groups in which the returns for 1934 o,nd the consolidated 
returns for 1938 were classified 





Num- 
ber of 
returns 
for 1934 
by in- 
dustrial 
groups 

in 
which 
classi- 
fied! 


Number of returns for 1934 by industrial groups in which con- 
solidated returns for 1933 were classified 




Agri- 
cul- 
ture 


Min- 
ing 
and 
quarry- 
ing 


Manufacturing 


Industrial groups 


Total 
manu- 
fac- 
turing 


Food 
and 
kin- 
dred 
prod- 
ucts 


Liquors 

and bev- 
erages 

(alcohol- 
ic and 

nonalco- 
holic) 


Tobac- 
co 
prod- 
ucts 


Tex- 
tiles 
and 
their 
prod- 
ucts 


Agriculture and related industries. 


377 
1,321 


149 
4 


12 

748 


104 
302 


34 
4 






5 


Mining and quarrying 






1 










Manufacturing: 

Food and kindred products — 


1,019 

131 

17 
488 
99 
63 
336 
185 

539 

728 

212 

1,256 

296 


6 

1 


2 


865 

114 
17 

430 
90 
63 

282 

178 

472 

617 

178 

1,098 

246 


843 
5 


7 
106 






Liquors and beverages (alco- 
holic and nonalcoholic) 






Tobacco products.- 


17 




Textiles and their products 










399 


Leather and its manufactures. . 














Rubber products 












1 


Forest products 


3 


1 


2 
2 






1 


Paper, pulp, and products 




2 




Printing, publishing, and al- 
lied industries 


1 
1 

1 


4 
24 

3 
35 

1 




I 


Chemicals and allied products. 
Stone, clay and glass products. 


28 
1 
2 

1 


5 




1 


Metal and its products 






1 


Manufacturing not elsewhere 
classified 






8 










Total manufacturing...... 


5,369 


15 


70 


4,650 


884 


118 


19 


412 


Construction 


419 

4,555 
5,001 

2,242 

7,492 
600 


1 

44 
32 

4 

40 
2 


23 

174 
219 

19 

159 
25 


67 

629 
1,874 

189 

1,019 
343 


1 

91 

358 

14 

142 
89 






1 


Transportation and other public 
utilities 


4 
20 


14" 


14 


Trade... 


125 


Service— Professional, amusements, 
hotels, etc 


2 


Finance— Banking, insurance, real 
estate, holding companies, 
stock and bond brokers, etc 

Nature of business not given 


22 
2 


8 


74 
. 18 


Total 


27,376 


291 


1,449 


9,177 


1,617 


166 


41 


652 







> See footnote 2, p. 22. 



26 



STATISTICS OF INCOME 



Number of returns for 19S4 of corporations for which consolidated returns were filed 
for 19S3, by industrial groups in which the returns for 1934 and the consolidated 
returns for 1933 were classified — Continued 





Number of returns for 1934 by industrial groups In which consolidated 
returns for 1933 were classified— Continued 




Manufacturing— Continued 


Industrial groups 


Leath- 
er and 

its 
manu- 
fac- 
tures 


Rub- 
ber 
prod- 
ucts 


Forest 
prod- 
ucts 


Paper, 
pulp, 
and 
prod- 
ucts 


Printing, 
pubhsh- 
ing, and 
allied in- 
dustries 


Cfiem- 
icals 
and 

allied 
prod- 
ucts 


Stone, 
clay, 
and 
glass 
prod- 
ucts 


Metal 
and its 
prod- 
ucts 


Agriculture and related industries. 


1 


3 
1 


27 
6 


12 


4 

1 


12 
125 


22" 


6 
142 








Manufacturing: 










1 


8 

1 




5 


Liquors and beverages (alco- 










2 
















Textiles and their products 

Leather and its manufactures. 


4 
90 


7 


1 


1 




1 


4 


7 






57 










2 
1 
2 

9' 

153 
9 

1 


3 




2 


246 
7 


8 
151 

7 
2 




3 
2 

1 

543 

11 

18 

3 


10 




4 

455 
1 


4 


Printing, publishing, and al- 






4 


Chemicals and allied products. 
Stone, clay, and glass products. 


2 


3 


4 


12 
10 




1 

1 


4 

4 


3 
2 


3 

3 


1,028 


Manufacturing not elsewhere 


3 


54 






Total manufacturing 


101 


69 


266 


174 


467 


591 


181 


1,139 








3 

78 
79 

5 

62 
8 


3 

64 
47 

1 

41 
6 




12 

128 
299 

44 

153 
62 


9 

14 
43 

23 
12 


33 


Transportation and other public 


7 
67 

2 

25 

1 


2 
79 

3 

10 
6 


19 
42 

74 

97 
10 


170 


Trade . 


577 


Service— Professional, amusements, 
hotels, etc . . 


26 


Finance— Banking, insurance, real 
estate, holding companies, stock 


303 


Nature of business not given 


103 


Total 


204 


173 


534 


348 


714 


1,426 


304 


2,499 







See footnote 2, p. 22. 



STATISTICS OF INCOME 



27 



Number of returns for 19S4 of corporations for which consolidated returns were filed 
for 19S3, by industrial groups in which the returns for 1934 and the consolidated 
returns for 1933 were classified — Continued 





Number of returns for 1934 by industrial groups in which consolidated 
returns for 1933 were classified— Continued 


Industrial groups 


Manu- 
factur- 
ing not 
else- 
where 
classi- 
fied 


Con- 
struc- 
tion 


Trans- 
porta- 
tion 
and 
other 
util- 
ities 


Trade 


Serv- 
ice — 
Profes- 
sional, 
amuse- 
ments, 
hotels, 
etc. 


Finance- 
Banking, 
insurance, 
real estate, 

holding 
compan- 
ies, stock 
and bond 

brokers, 
etc. 


Nature 
of busi- 
ness 
not 
given 


1933 
indus- 
trial 
activ- 
ity 
not 
avail- 
able 


Agriculture and related industries. 
Mining and quarrying 




5 

7 


19 
131 


16 
52 


2 
3 


49 
45 


1 


20 
29 








Manufacturing: 

Food and kindred products 

Liquors and beverages (alco- 
holic and nonalcohoUc) 


1 


1 


58 
2 


57 
3 


6 


3 
2 




21 
■ 9 


Tobacco products. 








Textiles and their products 

Leather and its manufactures.. 


6 




2 
1 


32 
3 




4 
1 




20 
4 


Rubber products 








Forest products 


9 

4 

4 

7 

3 

29 

166 


2 

.. 

9 
9 


7 
2 

4 
11 

2 
27 

22 


16 
3 

11 

36 

6 

33 

15 


1 


7 


1 


16 


Paper, pulp, and products 


2 


Printing, publishing, and al- 
lied industries 


9 
1 

1 
5 

4 


13 

12 
5 

8 

1 




26 


Chemicals and allied products. 
Stone, clay, and glass products. 

Metal and its products 

Manufacturing not elsewhere 
classified 


19 

7 

40 

6 






Total manufacturing 


229 


27 


138 


215 


27 


56 


1 


170 




5 

38 
124 

18 

59 
26 


212 

14 
21 

13 

64 
3 


32 

3,283 
124 

167 

763 
66 


11 

130 
2,257 

41 

552 
65 


12 

39 
69 

1,419 

439 
32 


32 

166 
108 

286 

4,103 
43 


1 
2 


29 


Transportation and other public 
utilities 


76 


Trade 


296 


Service— Professional, amusements, 
hotels, etc 


104 


Finance— Banking, insurance, real 
estate, holding companies, stock 
and bond brokers, etc 

Nature of business not given. 


352 
19 


Total 


499 


366 


4,723 


3,339 


2,042 


4,888 


6 


1,095 







See footnote 2, p. 22. 

For a more comprehensive analytical study of the variation and 
shifts occasioned by the discontinuance of the privilege of filing con- 
solidated returns, except by railroads, in the data tabulated from the 
1934 returns as compared with the returns for 1933, and as a comple- 
ment of the data elsewhere published in this report, basic tables 9 to 14 
are included herein. Items of receipts and deductions and assets and 
liabilities are shown for 1933 consolidated returns, 1933 returns which 
were not consolidated, 1934 returns of corporations for which con- 
solidated returns were filed for 1933, and 1934 returns of corporations 
for which consolidated returns were not filed for 1933. As the 



149581—37- 



28 STATISTICS OF INCOME 

Statistics of Income for 1933 did not contain these data for the 1933 
returns tabulated separately for the consolidated returns and for those 
which were not consolidated, they are printed in tliis report. 

Table 9 presents, for 1933 returns of active corporations, classified 
by major industrial groups, the compiled receipts and compiled deduc- 
tions, compiled net profit or net loss, net income or deficit, income tax, 
excess-profits tax, total tax, compiled net profit less total tax, and 
cash and stock dividends paid. The returns with net income are 
tabulated separately from those with no net income. The industrial 
classification of the 1933 returns is based on the business reported on 
the 1933 returns. Part I comprises the 1933 consolidated returns and 
Part II comprises the 1933 returns which were not consolidated. The 
sum of the data in Parts I and II for returns with net income and no 
net income equals the amounts shown in Parts II and III of table 13, 
pages 146 to 153, in the Statistics of Income for 1933. 

Table 10 presents, for 1934 returns of active corporations, the items 
which are show^n in table 9. The industrial classification of the 1934 
returns is based on the business reported on the returns for 1934. 
Part I comprises the 1934 returns of corporations for which consoli- 
dated returns were filed for 1933 and Part II comprises the 1934 
returns of corporations for which consolidated returns were not filed 
for 1933. The sum of data in Parts I and II for returns with net 
income and no net income equals the amounts shown in Parts II and 
III of table 2, pages 52 to 59, in this report. 

If it is desired to secure the 1934 data for returns of corporations 
for which consolidated returns were filed for 1933 and compare them 
with 1933 data for returns which were consolidated for 1933, the 
information in Part I of table 10 should be compared with that in 
Part I of table 9. If it is desired to secure the 1934 data for returns 
of corporations for which consolidated returns were not filed for 1933 
and compare them with 1933 data for returns which were not con- 
solidated for 1933, the figures in Part II of table 10 should be used with 
those in Part II of table 9. 

Table 11 presents, for 1933 returns of active corporations with 
balance sheets, classified by major industrial groups, the assets and 
liabilities, compiled receipts and compiled deductions, compiled net 
profit or net loss, net income or deficit, income tax, excess-profits tax, 
total tax, compiled net profit less total tax, and cash and stock divi- 
dends paid. The returns with net income are tabulated separately 
from those with no net income. The industrial classification of the 
1933 returns is based on the business reported on the 1933 returns. 
Part I comprises the 1933 consolidated returns and Part II comprises 
the 1933 returns which were not consolidated. The sum of the data 
in Parts I and II for returns with net income and no net income equals 
the amounts shown in table 15, pages 160 to 165 in Statistics of 
Income for 1933. 

Table 12 presents, for 1934 returns of active corporations with 
balance sheets, the items which are shown in table 11. The industrial 
classification of the 1934 returns is based on the business reported on 
the returns for 1934. Part I comprises the 1934 returns of corporations 
for which consolidated returns were filed for 1933 and Part II com- 
prises the 1934 returns of corporations for which consolidated returns 
were not filed for 1933. The sum of data in Parts I and II for returns 



STATISTICS OF INCOME ^9 

with Tidi income and no net income equals the amounts shown in 
table 4, pages 66 to 71, in this report. 

If it is desired to secure the 1934 data for returns with balance 
sheets of corporations for which consolidated returns were filed for 
1933 xmd compare them with 1933 data for returns wliich were 
consoUdated for 1933, the information hi Part I of table 12 should be 
compared with that m Part I of table 11. If it is desired to secure 
the 1934 data for returns with balance sheets of corporations for which 
consolidated returns were not filed for 1933 and compare them with 
19'33 data for returns which were not consolidated for 1933, the figures 
m Part II of table 12 should be used with those in Part II of table 11, 

Additional tabulations of 1934 data for the returns of corporations 
for which consolidated returns were filed for 1933 are contained in 
tables 13 and 14. As stated above, Parts I of tables 10 and 12 contain 
assets and liabilities and receipts and deductions for 1934 returns of 
corporations for wliich consolidated returns were filed for 1933, 
distributed according to the business reported on the 1934 returns. 
In tables 13 and 14 the same 1934 data for returns of corporations for 
which consolidated returns for 1933 were filed are classified according: 
to the predominant industrial activity shown on the 1933 consolidated 
returns. The industrial classifications in tables 13 and 14 of the 1934 
returns of corporations for which consolidated returns were filed 
for 1933 are those under which corporations would have been classified 
if they had continued to be included in consolidated returns and if the 
business activity of the corporations in 1934 had been the same as 
in 1933. 

A comparison of the compiled receipts and com.piled deductions in 
table 13 with those for the 1934 returns in Part I of table 10 reveals 
marked differences in the data for each industrial group. Differences 
are also noted when a comparison is made of assets and liabilities and 
receipts and deductions for 1934 returns with balance sheets, in table 
14, with similar data in Part I of table 12. 

The industrial classification in tables 13 and 14 is similar to that in 
Parts I of tables 9 and 11 in that both are based on the predominant 
industrial activity reported on the 1933 consolidated returns. How- 
ever, if receipts and deductions for the 1934 returns with net income 
and with no net income in table 13 are compared with similar data for 
the 1933 consolidated returns in Part I of table 9, it must be borne in 
mind that intercompany eliminations in the 1933 consolidated returns 
account, in large measure, for the variation in the 1933 data in Part I 
of table 9 from the 1934 data in table 13. This same caution applies 
to a comparison of assets and liabilities and receipts and deductions 
for returns with balance sheets when a comparison is made of the 
information in table 14 with that in Part I of table 11. 

CONSOLIDATED RETURNS (CORPORATION RETURNS) 

Due to the discontinuance of the privilege of filing consolidated 
returns, except by common carriers by railroad (the term "common 
carrier by railroad" includes steam and electric railroads but excludes 
street, suburban, and interurban railways, and express, refrigerator, 
and sleeping car companies) effective for returns with years ended 
December 31, 1934, and thereafter, consoUdated returns numbered 
onlv 445. 



30 STATISTICS OF INCOME 

These consolidated returns consist of those for fiscal years ended 
prior to December 31, 1934, and those for railroads. For consolidated 
returns with fiscal years ended prior to December 31, 1934, the tax 
on income reported for the portion of the tax period in the calendar 
year 1933 is computed at the rate of 14^ percent, as provided in sec- 
tion 141(c) of the Revenue Act of 1932, and the tax attributable to 
the calendar year 1934 is computed at the rate of 14% percent, as pro- 
vided by section 218(e) of the National Industrial Recovery Act. 
The rate of tax for consohdated returns of railroads with year ended 
December 31, 1934, or thereafter is 15% percent, as provided by the 
Revenue Act of 1934. 

Of the 445 consolidated returns included in this report, 369 were for 
corporations other than railroads with fiscal 3^ears ended prior to 
December 31, 1934. These fiscal year returns were filed under section 
141 (a) and (d) of the Revenue Act of 1932, wliich provides that a 
consolidated return may be filed when one or more chains of corpora- 
tions 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. 

The remaining 76 consolidated returns were for railroad corpora- 
tions. Of these returns, 12 were for railroads with years ended prior 
to December 31, 1934, which were filed under the provisions of sec- 
tion 141 (a) and (d) of the Revenue Act of 1932, and 64 were for 
railroads with years ended December 31, 1934, and thereafter, whick 
were filed under the provisions of the Revenue Act of 1934. In 
section 141 (a) and (d) of the Revenue Act of 1934 an affiliated group- 
of corporations is defined the same as in the Revenue Act of 1932, 
with the additional provision that each of the corporations in the 
group must be either (a) a corporation whose principal business is 
that of a common carrier by railroad or (6) a corporation the assets of 
which consist principally of stock in one or more corporations which 
are common carriers and which does not itself operate a busmess 
other than that of a common carrier by railroad. Thus, the consoli- 
dated returns for railroads with years ended December 31, 1934, 
and thereafter do not include hotels, coal mines, and other extraneous 
corporations which are owned by railroads, as by law, separate 
returns must be filed by each of these corporations. 

Presented below are tables prepared from the consolidated returns 
showing the returns distributed by major industrial groups, by net 
income and deficit classes, and by number of subsidiaries. In inter- 
preting the data contained in these tables it is essential to note that 
the industrial classification is based on the predominant business of 
the affiliated group of 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 indus- 
trial divisions other than the ones in which they are here included. 

The consolidated returns for affiliated corporations are included in 
all the text tables in this report and in the basic tables in which 
information for the 1934 returns is presented. 



STATISTICS OF INCOME 



31 



Consolidated corporation returns for 1934 bij major industrial groups, showing total 
number of returns, number with net income and no net income, gross income, net 
income or deficit, income tax, and excess-profits tax ' 

[Money figures in thousands of dollars] 





Total 
number 
of returns 


Returns showing net income 


Industrial groups 


Number 


Gross in- 
come * 


Net in- 
come 


Income 
tax 


Excess- 
profits 
tax 3 


Agriculture and related industries 


2 
7 














1 


261 


11 


2 








Manufacturing: 


33 
5 


18 
3 


1, 654, 532 
6,338 


21, 151 

78 


3,109 
11 


27 


Liquors and beverages (alcoholic 


1 


Tobacco products.. - . .. 




Textiles and their products 


41 

8 
6 
7 
5 

4 
26 

3 
54 

9 


13 
3 
2 
T 
3 

1 
14 


40, 965 
16, 125 
95, 560 

8,481 
22, 850 

90 
112, 349 


2,312 
387 

3,674 
218 
519 

10 
7,884 


340 
57 

640 
32 

76 

2 
1,157 


7 


Leather and its manufactures 

Rubber products . . 


1 


Forest products . 


i 


Paper, pulp, and products . . 




Printing, publishing, and allied in- 
dustries 




Chemicals and allied products 

Stone, clay, and glass products 


7 

(♦) 


Metal and its products 


19 
3 


113, 874 
2,148 


4,739 
192 


696 
28 


1 


Manufacturing not elsewhere classi- 
fied 


(0 






Total manufacturing 


201 


80 


2, 073, 311 


41, 164 


6,050 


46 






Construction. 


2 

76 
66 

41 
50 


1 

11 
38 

10 
6 


435 

326, 244 
290, 072 

177, 494 
714 


37 

10, 896 
8,806 

8,420 
111 


5 

1,715 
1,292 

1,235 
16 


(4) 


Transportation and other public utili- 
ties 


4 


Trade 


103 


Service— Professional, amusements, ho- 
tels, etc -- 


1 


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


w 






Grand total. 


445 


147 


2, 868, 520 


69, 444 


10,315 


154 







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 aUied 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, holding companies, stock and 
bond brokers, etc 



Grand total- 



Returns showing no net income 



Number 



298 



Gross in- 
come ' 



993 



74, 932 

8,260 



74, 329 
14,015 
24, 548 

4,801 
15, 029 

2,211 
13, 996 

5,317 
78, 285 
33, 930 



349, 654 



1, 868, 285 

32, 195 

33, 920 

20, 179 



2, 310, 148 



Deficit 



132 
405 



1,640 
323 



3,528 
351 
563 
292 

2,857 
448 

1,445 

1,657 
12, 088 

1,139 



26, 330 



249, 052 

771 

8,345 

11, 707 



296, 741 



1 For general explanations, see pp. 1-4. 

' Gross income corresponds to total income (as reported on face of return) plus cost of goods sold and cost 
of other operations and minus interest received on Liberty bonds, etc. 

3 Includes excess pro fits tax of $7,366 on returns with no net income. (See article \{.d) of Treasury Decision 
4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.") 

« Less than $600. 



32 



STATISTICS OF IXCOME 



Consolidated corporation returns for 1934 by net income and deficit classes, shovdng 
number of returns, net income or deficit, income tax, and excess-profits lax 

[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 in- 
come 


Income 
tax 


Excess- 
profits 
tax 


Number 


Deficit 


Under 1 - -- 


13 
3 
9 
3 
1 

12 
15 
5 
9 
15 
17 
14 
9 
4 
14 
4 


7 

4 

23 

10 

5 

87 

180 

86 

207 

492 

1,219 

2,069 

3,040 

2,793 

28,888 

30, 337 


1 
1 
3 
1 
1 

13 

26 

13 

30 

72 

181 

304 

447 

411 

4,281 

4,530 


(2) 


15 

7 

9 

5 

6 

22 

15 

12 

13 

35 

45 

36 

25 

12 

29 

12 


5 


12 


10 


2 3 




24 


3-4 




IS 


4-5 . 




27 


5-10 




156 


10-15 


(^ 


181 


15-20 - 


201 


20-25 


0) 

1 

2 

7 

22 

114 

7 


293 


25-50 ... - 


1.224 


50-100 


3,382 


100-250 


6,010 


250-500 


8,983 


500-1,000 


8,225 


1,000-5,000 


75, 702 


5.000 and over 


192,299 


Excess-profits tax on returns showing no 
















Total 


147 


69,444 


10, 315 


154 


298 


296, 741 







' See footnote 3, p. 31. 



2 Less than $500. 



Consolidated corporation returns for 1934, by number of subsidiaries, showing number 
of consolidated returns and total number of subsidiaries 



Number of 
subsidiaries 


Num- 
ber of 
consol- 
idated 
retiuBs 


Total 
number 
of subsid- 
iaries 


Number of 
subsidiaries 


Num- 
ber of 

consol- 
idated 

returns 


Total 
number 
of subsid- 
iaries 


Number of 
subsidiaries 


Num- 
ber of 
consol- 
idated 
returns 


Total 
number 
of subsid- 
iaries 


1 


195 
74 
.38 
22 
18 
14 
13 
11 
8 
2 
6 
3 


195 
148 
114 
88 
90 
84 
91 
88 
72 
20 
66 
36 


13 


4 
4 
6 
4 
2 
2 
1 
2 
2 
1 
1 
1 


52 
56 
90 
64 
36 
38 
27 
58 
64 
34 
35 
36 


38 


3 
1 
1 
1 
2 
1 
1 
1 


114 


2 


14 


39 


39 


3 


15 


49 


49 


4 


16 


50 


50 


5 


18 


56 


112 


6 


1 19 


107 


107 


7 


27 


170 


170 


8 


29 

32 


199 


199 


9 


Total.. 




10 


34 


445 


2,522 


11 


35 

36 




12 . 









FISCAL YE.\R RETURNS (CORPORATION RETURNS) 

Fiscal year returns are filed by corporations whose fiscal year is 
other than the calendar year. These returns are included in all text 
and basic tables containing 1934 data in this report. The tabulations 
include all fiscal year returns wdth year ended within the period July 
1, 1934, to June 30, 1935, that were received by the Statistical Section 
prior to the termination of the tabulation of the Statistics of Income 
data. Returns for fiscal years ended after June 30, 1934, and prior to 
December 31, 1934, are filed under the provisions of the Revenue Act 
of 1932 and the income tax provisions of the National Industrial 
Recovery Act. Returns for fiscal years ended wdthin the period 
January 1 to June 30, 1935, are filed under the provisions of the 
Revenue Act of 1934, 



STATISTICS OF INCOME 



33 



As in previous reports, the number of returns, net income or deficit, 
income tax and excess-profits tax are tabulated for fiscal year returns 
with net income and no net income. In the first following table these 
data arc classified by the month in which the fiscal year ended, and in 
the second following table by the size of the net income or deficit. In 
this report, three basic tables are presented containing the number of 
fiscal year returns classified in more detail than in former years. In 
all three of these basic tables the total number of returns and the 
number of returns with net income and no net income are shown for 
each major industrial group. In basic table 15 these data are classified 
by the month in which the fiscal year ended, in basic table 16 by net 
income and deficit classes, and in basic table 17 by total assets classes. 

Corporation fiscal year returns for 1934 by month in which the fiscal year ended, 
showing total number of returns, number with net income and no net income, 
amount of net income or deficit, and income and excess-profits tax 

[Money figures in thousands of dollars] 



Fiscal year ended 



Julv 1934 

August 1934 

September 1934_ 

October 1934 

November 1934_ 

January 1935 

February 1935.. 

March 1935 

April 1935 

Mav 1935 

June 1935 



Total. 



Total 

number 

of returns 



4.505 
4,597 
5, 251 
4,765 
5,072 
7,637 
4,655 
6,132 
5,766 
6.202 
12, 465 



67, 047 



Returns showing net income 



Number 



1,471 
1,438 

1,598 
1,627 
1,884 
3, 251 
1.585 
2, 024 
1,947 
2,306 
4,782 



23, 913 



Net in- 
come 



27, 
46, 
38, 
55, 
48, 
86. 
57, 
36, 
35. 
46, 
119, 



597, 971 



Income 
tax 



Excess- 
profits 

taxi 



3.785 
6, 505 
5, 333 
7,849 
6,744 

11,914 
7,889 
4,952 
4,926 
6,397 

16, 457 



82, 751 



137 
100 

89 
103 

92 
113 
101 
111 
113 
221 
647 



1,827 



Returns showing no 
net income 



Number Deficit 



3.034 
3,159 
3,653 
3,138 
3,188 
4,386 
3,070 
4,108 
3,819 
3,896 
7,683 



43, 134 



24, 572 
34, 264 
85, 207 
38, 868 
69, 531 
45, 583 
17, 706 
37, 761 
30, 508 
25, 754 
73. 581 



483, 334 



1 Includes excess-profits tax of $16,093 on returns with no net income for fiscal years ended in the period 
January 1 to June 30. 1935. (See article 1(d) of Trearury Decision 4469, "Regulations relating to the excess- 
profits tax imposed by section 702 of the Revenue .\ct of 1934.") 

Corporation fiscal year returns for 1934, by net income and deficit classes, showing 
number of returns, net income or deficit, and income and excess-profits 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 in- 
come 


Income 
tax 


Excess- 
profits 
tax 


Number 


Deficit 


Under 1 

1-2 


9,163 

3,041 

1,815 

1,194 

875 

2,383 

1,228 

723 

515 

1,260 

822 

545 

194 

86 

59 

10 


3,226 

4,403 

4,465 

4, 149 

3,894 

16, 901 

15, 108 

12, 547 

11,551 

44, 187 

57, 389 

84, 994 

68, 037 

59, 976 

109, 410 

97, 735 


444 

605 

614 

571 

535 

2,325 

2,075 

1,726 

1,590 

6,070 

7,894 

11,708 

9.384 

8,274 

15, 283 

13, 655 


8 

9 

16 

13 

16 

64 

71 

52 

47 

178 

229 

367 

219 

149 

177 

195 

16 


19, 805 

5,986 

3,551 

2.290 

1,590 

3,957 

1,673 

968 

583 

1,336 

754 

426 

122 

54 

35 

4 


6,693 
8,670 


2-3 


8,741 


3-4 


7,944 


4-5 


7,111 


5-10 


28, 001 


10-15 .-..-- 


20, 467 


15-20 


16, 683 


20-25 


13, 063 


25-50 


46, 578 


50-100 . - 


52, 217 


100-250 


65, 412 


250-500 


41, 793 


500-1,000 


36. 880 


1,000-5.000 


71, 257 


5,000 and over . 


51, 826 


Excess-profits tax in returns showing no 
net income 




Total - 


23.913 


597. 971 


82, 751 


1,827 


43, 134 


483. 334 



34 STATISTICS OF INCOME 

PART YEAR RETURNS (CORPORATION RETURNS) 

The returns jfiled by corporations showing income for less than 12 
months represent reorganizations, newly organized businesses, liqui- 
dating corporations, and changes from calendar year to fiscal year 
basis, or vice versa. These returns are included in all text and 
basic tables containing 1934 data in this report. The part year 
returns tabulated herein represent those in which the greater part 
of the income period was in 1934. 

Corporation part year returns for 1934 

Total number of returns 28, 709 

Returns showing net income: 

Number 6, 872 

Net income $55, 223, 351 

Total tax $7, 715, 671 

Income tax $7, 578, 749 

Excess-profits taxi $136^ 922 

Returns showing no net income: 

Number 21, 837 

Deficit $109, 852, 571 

• Includes excess-profits tax of $148 on returns with no net income. (See article 1 (d) of Treasury Decision 
4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.' 

The figures for part year returns for 1933, as pubUshed on page 36 
in the Statistics of Income for 1933, are understated and the data to 
prepare revised figures are not available. 

TAXES PAID OTHER THAN INCOME TAX AND COST OF GOODS SOLD, STATISTICS OF 
INCOME FOR 1933 (CORPORATION RETURNS) 

The "taxes paid other than income tax" and the "cost of goods sold" 
as published in the Statistics of Income for 1933 will not be revised, 
although it was stated on page 29 and in the footnotes to the basic 
tables in that report that a revision of the 1933 figures would be avail- 
able at a later date. Further examination of these items, after the 
printing of the Statistics of Income for 1933, revealed that the tabula- 
tions for 1933 were, in general, comparable with similar data for prior 
years and that, both for 1933 and for earlier years, taxes paid other 
than the income tax which were reported in "cost of goods sold" were 
tabulated generally, rather than in some instances, in "cost of goods 
sold." 

HISTORICAL SUMMARIES (CORPORATION RETURNS) 

A resume of the corporation returns showing number of returns, 
gross income, net income, deficit, tax, and the items of compiled re- 
ceipts, compiled deductions, assets and liabilities is shown in the follow- 
ing tables. This year, for the first time, there is included in this report, 
on pages 37 and 38, a historical table containing the items of compiled 
receipts and compiled deductions for corporation income tax returns 
for 1926 to 1934. Also, the table on pages 39 and 40 for corporations 
submitting balance sheets for 1926 to 1934 has been expanded to 
include items of compiled receipts and compiled deductions as well as 



STATISTICS OF INCOME 



35 



items of assets and liabilities. Attention is called to the fact that the 
amounts of money in these two tables are in millions of dollars. 

Corporation returns distributed by States and Territories, for the 
years 1925 to 1934, showing number of returns, gross income, net in- 
come, deficit, and tax for returns with net income and no net income, 
are presented in basic table 8, pages 101 to 111. Similar data are 
shown by major industrial groups for the years 1925 to 1934 in basic 
table 7, pages 96 to 100. 

Corporation returns for 1909 to 1984, 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 ^ 

[Money figures in thousands of dollars] 





Number of returns 


Gross income 


Year 


Total 


Showing 
net in- 
come 


Showing 

no net 

income ^ 


Showing 
no income 
data— In- 
active 
corpora- 
tions ' 


Total 


Returns 

showing net 

income 


Returns 
showing no 
net income 


1909... 


262, 490 
270, 202 
288, 352 
305, 336 
316, 909 
5 299, 445 
8 366, 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 
528, 898 


3 52, 498 
3 54, 040 
3 55, 129 
3 61,116 
188, 866 
174,205 
190,911 
206, 984 
232, 079 
202, 061 
209, 634 
203, 233 
171,239 
212, 535 
233. 339 
236, 389 
252, 334 
258, 134 
259, 849 

268, 783 

269, 430 
221,420 
175, 898 

82, 646 
109, 780 
145, 101 


* 209, 992 

< 216, 162 

* 233, 223 

< 244, 220 
128, 043 
125, 240 
17.5, 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 
324, 703 










1910 










1911 










1912 










1913 










1914 










1915 .. 










1916 




35, 327, 631 
84, 693, 239 
86, 464, 281 
99, 918, 754 
118,20.5,563 
91, 249, 273 
100,920,515 
118,563,663 
119,229,494 
134, 260, 149 
142. 129, 853 
144, 398, 352 
1.52.781,514 
160,621,509 
136, 062, 059 
107, 515, 239 
81, 083, 738 
83. 642, 421 
100,831,253 


32, 531, 097 
79, 540, 005 
79, 706, 659 
88. 261, 006 
93, 824, 225 
60, 051, 123 
80, 331, 680 
97, 457, 479 
97, 158, 997 
113,692,083 
118,022,117 
115,324,340 
7 127, 369, 525 
129, 633, 792 
J 89, 561, 495 
52,051,035 
31. 707, 963 
46, 752, 366 
62, 920, 954 


2, 796, 534 


1917 




5, 153, 234 


1918 




6, 757, 622 


1919 




11, 657, 743 


1920 




24, 381, 338 


1921 




31, 198, 150 


1922 




20, 588, 835 


1923 




21, 106, 184 


1924 




22, 070, 497 


1925 


20, 568, 068 


1926 




24, 107, 736 


1927 


49, 356 
52, 281 
53,415 

55, 700 

56, 700 

56, 752 

57, 238 
59, 094 


29, 074, 012 


1928 


'25,411,989 


1929 


30, 987, 717 


1930 


46, 500, 564 


1931 


55, 464. 204 


1932 


49, 375, 775 


1933 


36, 890, 055 


1934 


37, 910, 299 







' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 209-213; general explanations appear on pp. 1-5. The period 
1909 to 1915 includes to a limited extent, additions made by audit and delinquent returns filed. Taxes 
shown for 1909 to 1915, inclusive, are receipts for fiscal year ended June 30, immediately following, as shown 
in annual reports of Commissioner of Internal Revenue, which receipts include fines, penalties, additional 
assessments, etc.; 1916 and subsequent vears, tax is amount reported on income-tax returns; taxes for 1913 
include income tax, $32,456,663; excise tax, $10,671,077 (Act of 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. 

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

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

' Revised. For revised figures for 1928, see Statistics of Income for 1930, p. 238; for revised figures for 
1930, see Statistics of Income for 1931, pp. 32, 33; and for revised figures for 1932, see Statistics of Income for 
1933, p. 37. 



36 



STATISTICS OF INCOME 



Corporation returns for 1909 to 19S4, 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 — Continued 

[Money figures in thousands of dollars] 





Net income 


Deficit 


Net income 
less deficit 


Tax 


Year 


Income tax 


War-profits 
and excess- 
profits tax 


Total tax 


1909 . 


3, 590, OOT 
3, 761, 010 

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. •'■83, 6H 
9. 673, 403 
8, 981, 884 

10, 617, 741 
11,6.53,886 
6,428.813 
3, 683, 368 
2,1.53,113 
2, 985, 972 

4, 275, 197 




3, 590, 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 
8,41.5.872 
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 

s 3. 287, 545 

8 5, 643, 574 

8 2, 547, 367 

94, 170 


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 

77.5, 310 

937, 106 

881,5.'^0 

1, 170, 331 

1, 229, 797 

1, 130, 674 

1, 184. 142 

1, 193, 436 

711,704 

398, 994 

' 285. 576 

416, 093 

588, 375 




20, 960 


1910 .. 






33, 512 


1911... 






28, 583 


1912... 






35, 006 


1913-.- 




43, 128 


1914 . 




39, 145 


1915 




56, 994 


1916 . 


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 
4, 181, 027 


"'i.' 638,' 748' 

2, 505. 566 

1,431,806 

988, 726 

33.5, 132 

6 8, 466 


171,805 


1917 .. 


2, 142, 446 


1918... . . . 


3,1 •'^8,764 


1919-.. 


2, 175, 342 


1920-.- 


1,625,235 


1921. 


701,576 


1922 


783, 776 


1923 


937, 106 


1924 




881. 550 


1925 .- 




1,170.331 


1926 -. 




1, 229, 797 


1927... - . -- 




1,130,674 


1928 ...... ... 




1,184,142 


1929--- 




1, 193, 436 


1930--- 




711,704 


1931 




398, 994 


1932 




' 285, 576 


1933 


9 6, 976 
7,673 


423, 068 


1934. . 


596, 048 







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

" Revised. For revised figures for 1928, see Statistics of Income for 1930, p. 238: for revised figures for 
1930. see Statistics of Income for 1931, pp. 32, 33; and for revised figures for 1932, see Statistics of Income for 
1933, p. 37. 

' Deficit in excess of net income. 

• Excess-profits tax (effective June 30, 1933, under provisions of the National Industrial Recovery .\ct) . 

Corporation returns for 19S1 to 19S4, by net income and deficit classes, showing 
number of returns, net income, and deficit ^ 

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



Net income classes 



1931 



Number 

of 
returns 



Net in- 
come 



Number 

of 
returns 



Net in- 
come 



1933 



Number 

of 
returns 



Net in- 
come 



1934 



Number 

of 
returns 



Net in- 
come 



Returns showing net income 



TJnderl 

1-2 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

2.5-50 

60-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000 and over. 



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 



Total 175, 



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 



3, 683, 368 



42, 070 

10, 403 

5,734 

3,321 

2,499 

6,259 

2,962 

1,796 

1,172 

2,700 

1.623 

1, 1.59 

429 

235 

225 

59 



82, 646 



13, 121 


52,278 


14,912 


13, 5.58 


14, 081 


7,481 


1 1. 506 


4,783 


11,196 


3,404 


44, 505 


9,143 


36, 271 


4,324 


31, 158 


2,634 


26, 213 


1,836 


94,913 


4, 245 


1)3,643 


2.638 


176. 676 


1, 9.58 


150, 686 


732 


165, 567 


385 


464, 892 


318 


783, 775 


69 


2, 153, 113 


109, 786 



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 



2, 985, 972 



63,212 

17, 836 

10, 245 

6,752 

4,986 

13, 191 

6,553 

3,907 

2,697 

6,425 

4,080 

2,946 

1.092 

599 

483 

97 



145, 101 



20, 568 

25, 680 

25, 224 

23, 469 

22, 293 

93, 873 

80,315 

67, 669 

60,512 

226, 765 

286, 729 

457, 010 

379.419 

424, 504 

943,413 

1, 137, 754 



4, 275, 197 



• Changes in the revenue acts afTecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 209-213: general explanations appear on pp. 1-5. Figures for 
returns showing net income for 1918 and 1920 to 1924, inclusive, and for returns showing net income and no 
net income for 1925 to 1930, inclusive, appear in Statistics of Income for 1930, pp. 49-51. 



STATISTICS OF INCOME 



37 



Corporation returns for 19S1 to 1934, by net income and deficit classes, shoiving 
number of returns, net income, and deficit — Continued 

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



Deficit classes 



1931 



Number 

of 
returns 



Deficit 



1932 



Number 

of 
returns 



Deficit 



1933 



Number 

of 
returns 



Deficit 



1934 



Number 

of 
returns 



Deficit 



Returns showing no net income 



Under 1 

1-2 -. 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000 and over 

Total 

Returns showins no 
income data— Inac- 
tive corporations. - 



78, 046 

38, 373 

26, 027 

19,280 

14,529 

40, 090 

18, 464 

10,613 

6,688 

15, 219 

7,971 

5,167 

1,620 

884 

712 

123 



283,806 



56,700 



30, 363 


131, 273 


56, 376 


48, 626 


64, 451 


31, 146 


67, 070 


22, 844 


65, 098 


16, 449 


284, 961 


44, 854 


226, 091 


20, 189 


183, 750 


11,741 


149, 584 


7,458 


532, 653 


16, 595 


555. 143 


8,778 


794, 446 


5,592 


562, 614 


1,835 


613, 928 


934 


1, 416, 923 


782 


1, 367, 460 


142 


6, 970, 913 


369, 238 




56, 752 





45, 683 

70, 861 

76, 892 

79, 367 

73, 621 

318,710 

246, 910 

203, 129 

166, 736 

579. 503 

608, 298 

851,933 

636, 357 

650, 386 

1. 544, 855 

1, 643, 385 



7, 796, 687 



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

12, 545 
31,422 

13, 279 
7,322 
4, 7.59 

10,380 

5,629 

3,515 

1,222 

641 

514 

116 



337, 056 



57, 238 



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 



5, 533, 339 



161, 078 

44, 376 

25, 061 

15, 708 

11,132 

26, 955 

11,208 

6.154 

4,019 

8,915 

4,942 

3,160 

1,002 

542 

396 

55 



324, 703 



59, 094 



51, 967 
64,010 
61, 548 
54, 429 
49, 794 
190, 322 
137,118 
106, 336 
89, 786 
311,044 
344, 082 
489, 854 
347, 931 
382, 472 
833, 724 
666, 612 



4,181,027 



Corporation returns for 1926 to 1934, showing number of returns, compiled receipts 
and compiled deductions, compiled net profit or net loss, and net income or deficit ' 

[Money figures in millions of dollars] 



1928 



1930 



Number of returns 

Receipts, taxable income: 

Gross sales ^ 

Gross receipts from other operations ^ 

Interest 

Rents 

Net capital gain (sale of stocks, bonds, and 

other assets) 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations * 

Total compiled receipts ' 

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 

Net capital loss (sale of stocks, bonds, and 

other assets) ' 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss 

Net income or deficit 



10 455,320 



106,206 
9,332 
3,712 

(") 

('■) 
21, 373 

1,506 
500 



142, 629 



82, 484 

(12) 

(") 

(U) 

3,989 
1,878 

(12) 

3,270 
571 

(12) 

40, 927 



133, 119 



9,510 
7,505 



425, 675 



443,611 



456, 021 



106, 864 
9,420 
3,989 
(■') 

CO 
22, 468 

1,658 
501 



112,436 
10, 334 
4,476 
(») 

(») 
'3 23, 619 

1,917 
12 523 



118, 101 

28,598 
5,036 
2,391 

1,315 
2,587 

2,593 
537 



144, 899 



IS 153, 305 



161, 158 



83, 487 

(12) 
(12) 
(12) 

4,375 
2,014 

814 
3,346 

502 

(12) 

41, 692 



87, 265 

(12) 

3,199 

(12) 

4,581 
2,203 

804 
3,597 

515 

(12) 

13 40, 473 



91, 076 

(12) 

3.337 

(12) 

4, 925 
2,222 

942 
3,871 

559 

(12) 

42, 357 



136, 230 



149, 289 



8,669 
6,510 



13 10, 667 

8,227 



11,870 
8,740 



463, 036 



13 97, 941 

25, 267 

4,707 

2,480 

646 
13 2, 450 

2,571 
13 526 



13 136, 588 



13 76, 190 

(12) 

3,139 

(12) 

4,861 
2,297 

980 
3,986 

463 

936 

13 39, 088 



13 131, 940 



13 4, 649 
13 1, 551 



For footnotes, see p. 38. 



38 



STATISTICS OF INCOME 



Corporation returns for 1926 to 1934, showing number of returns, compiled receipts 
and compiled deductions, compiled net profit or net loss, and net income or 
deficit ' — Continued 

[Money figures in millions of dollars] 



1932 



1933 



1934 



Number of returns- - 

Receipts, taxable income: 

Gross sales ^ 

Gross receipts from other operations ' 

Interest 

Rents -.- 

Net capital gain (sale of stocks, bonds, and other 

assets).. 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations * 

Total compiled receipts ' 

Deductions: 

Cost of goods sold •_ 

Cost of other operations - .-. 

Compensation of ofDcers ' 

Rent paid on business property. 

Interest paid. 

Taxes paid other than income tax s 

Bad debts 

Depreciation 

Depletion '.. 

Net capital loss (sale of stocks, bonds, and other 

assets) ' , 

Other deductions 

Total compiled deductions.. 

Compiled net profit or net loss 

Net income or deficit 



459, 704 



451,884 



75, 494 
21, 945 
4,122 
2,251 

299 
1,436 



542 



13 53, 294 

13 19, 584 

3,491 

1,926 

142 
1,387 

1,260 
554 



108, 057 



81, 638 



58, 774 

(12) 

2,698 

(12) 

4,492 
2,231 
1,183 
4,003 



1,702 
33, 484 



"41,430 

(12) 

2,133 

(12) 

4,043 

2,087 

1,313 

3,693 

247 

1,705 
.13 28, 816 



108, 834 



85, 467 



14 777 
" 3, 288 



1* 3, 829 
i< 5, 644 



446, 842 



57, 777 
18, 982 
2,786 
1,650 

262 
1,159 

1,026 
592 



84, 234 



43, 626 
9,420 
1,995 
1,422 
3,511 
2,124 
1,249 
3,496 
246 

1,686 
16, 390 



85, 164 



H930 
i« 2, 547 



469, 804 



74, 309 
18, 552 
2,696 
1,585 

243 
1,229 

2,217 
664 



101, 495 



57, 458 
8,670 
2,173 
1,486 
3,422 
2,162 
1,182 
3,362 
312 

297 
17, 996 



2,975 
94 



1 Changes in the revenue acts afiecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 209-213; general explanation appears on pp. 1-5. 

2 For 1926 to 1931, gross sales for trading and manufacturing concerns. For 1932 and subsequent years, 
gross sales where inventories are an income-determining factor. For "cost of goods sold" see "deductions." 

3 For 1926 to 1931, gross receipts from operations other than trading and manufacturing. For 1932 and 
subsequent years, gross receipts from operations where inventories are not an income-determining factor. 
For "cost of other operations" see "deductions." 

< See footnote 3, p. 12. 

» See footnote 4, p 12. 

« See footnote 5, p. 13. For method of tabulation, see p. 11. 

' See footnote 6, p. 13. 

« See footnote 7, p. 13. 

» For limitation on amount of loss that may be allowed for 1932 and 1933, on sale of stocks and bonds (other 
than Government bonds) held 2 years or less, see sec. 23 (r) of the Revenue Act of 1932 and sec. 218(b) of the 
National Industrial Recovery Act; for limitation on amount of loss that may be allowed for 1934, see sec. 
117(d) of the Revenue Act of 1934. 

11 Includes returns for inactive corporations showing no income data. 

11 Included in "other receipts." 

'* Included in "other deductions." 

13 Revised. For revised figures for 1928, see Statistics of Income for 1930, p. 238; for revised figures for 
1930, see Statistics of Income for 1931, pp. 32, 33; and for revised figures for 1932, see Statistics of Income for 
1933, p. 37. 

I* Deficit or compiled net loss. 



STATISTICS OF INCOME 



39 



Corporations submitting balance sheets for 1926 to 1934, showing nvmber of balance 
sheets, assets and liabilities as of the end of the calendar year or at close of fiscal 
year nearest thereto, compiled receipts and compiled deductions, compiled net profit 
or net loss, and net income or deficit ' 

[Money figures in millions of dollars] 





1926 


1927 


1928 


1929 


1930 


M umber of returns with balance sheets ' 


'< 359, 449 


379, 156 


384, 548 


398, 815 


403, 173 


Assets: ^ 

Cash< 


16, 802 
23, 552 
20, 939 

8,694 

(15) 

97, 523 
i« 94, 669 


16, 851 

50,959 

21,005 

9,781 

(IS) 

104, 945 
84,001 


21,952 
62, 804 
20, 751 
10,116 

(1!) 

109,931 
81,663 


22, 371 
66, 810 
21,911 
10, 338 

55, 844 

116, 446 
42, 057 


21,012 


Is otes and accounts receivable 


59, 675 


Inventories . .. 


18, 771 


Investments, tax-exempt L 


10.228 


Investments other than tax-exempt- 
stocks, bonds, mortgages, loans, real 
estate, etc. 6 _ 


83, 800 


Capital assets— land, bui]dings,equipment, 
etc., including depletable assets (less re- 
serve for depreciation and depletion) 

Other assets. _ 


120, 994 
19 511 






Total assets- . 


16 262, 179 


287, 542 


307, 218 


335, 778 


334, 002 




Liabilities: ' 

Notes and accounts payable 


24, 042 

■6 31,801 

i« 87. 076 

17, M6 

67 517 

39, 154 

4,557 


24, 126 

16 37, 740 

16 93, 274 

17, 800 

74, 081 

45, 415 

4,893 


27, 437 
42, 943 
93, 950 

18, 475 

77 256 

52, 069 

4,913 


29, 453 

46, 643 
16 99, 314 

19. 738 
16 85, 520 

60, 699 
5,588 


26, S?^ 
50, 282: 

16 95, 568 
19,117 
87, 067 

16 61,832 
6,734 


Bonded debt and mortgages 


Other liabilities 


Capital stock — preferred 


Capital stock — common. . 


Surplus and undivided profit. ... 


Less deficit 




Total liabilities 


i« 262, 179 


287, 542 


307, 218 


335, 778 


334, 002 





Number of returns with balance sheets ^ 

Assets: 3 

Cash<.- 

Notes and accounts receivable 

Inventories 

Investments, tax-exempt » 

Investments other than tax-exempt — stocks, bonds 
mortgages, loans, real estate, etc __. 

Capital assets — Land, buildings, equipment, etc. 
including depletable assets (less reserve for depre- 
ciation and depletion) 

Other assets 

Total assets 

Liabilities: 3 

Notes and aceounts payable... 

Bonded debt and mortgages 

Other liabilities 

Capital stock — preferred.- 

Capital stock — common -.. 

Surplus and undivided profit 

Less deficit 

Total liabilities 



For footnotes, see p. 40. 



381, 088 



15, 880 
48, 667 
15, 140 
10, 667 

16 75, 305 



16 114,303 
16, 534 



296, 497 



23, 251 
48, 101 
16 81, 782 
16 19, 217 
79, 794 
51,976 
7,624 



296, 497 



1932 



392, 021 



15,917 
39, 564 
12, 372 
11,917 

75, 630 



108, 553 
16, 129 



280, 083 



20, 562 
16 47, 222 
16 78, 730 
19, 076 
78, 413 
45, 664 
9,584 



280, 083 



1933 



388, 564 



15, 236 
35, 835 
13, 597 
13, 571 

70, 474 



104, 958 
14, 535 



268, 206 



19, 362 
45, 883 
75, 384 
18, 394 
74, 088 
44, 792 



268, 206 



1934 



410, 626 



19, 961 
40, 529 
14,311 
19,084 

90,573 



102, 761 
14, 097 



301,307 



27, 021 
48, 604 
84, 096 
19, 976 
84, 970 
48, 986 
12, 347 



301, 307 



40 



STATISTICS OF INCOME 



Corporations suhmitting balance sheets for 1926 to 1934, showing number of halance 
sheets, assets and liabilities as of the end of the calendar year or at close of fiscal 
year nearest thereto, compiled receipts and compiled deductions, compiled net profit 
or net loss, and net income or deficit^ — Continued 

[Money figures in millions of dollar^ 



Receipts, taxable income: 

Gross sales ' 

Gross receipts from other operations » 

Interest 

Rents 

Net capital gain (sale of stocks, bonds, and otber 

assets) 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations '_ 

Total compiled receipts » 

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 12 

Bad debts 

Depreciation 

Depletion 

Net capital loss (sale of stocks, bonds, and other 

assets) " 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss 

Net income or deficit 



73,783 
21, 206 

4,024; 

2,110 

284 
1,393 

1,905 
533 



105, 238 



57, 374 

(") 
2,574 

CO 
4,369 
2,172 
1,153 
3,933 
261 

1,539 
32, 351 



105, 725 



18 487 
19 2, 925 



1932 



i« 52; 586 

i« 18, 640 

3, 418 

1, 813 

1.36 
1, 356 

1, 2D7 

545 



16 40, 842 
(1^ 
2,064 

(17), 

3, 906 
2,012 
1, 285 
3,624 
242 

1,538 
i9 2r,698. 



83, 211 



18 3.511 
18 5, 262 



56, 961 
17, 991 
2,713 
1,556 

253 
1,130 

962 

582 



82, 148 



42,981 
8,988 
1,928 
1,376 
3,375 
2,044 
1,213 
3,423 
243 

1.488 
15, 727 



82, 787 



'8 639 
19 2, 183 



72; 825 

r7,»i3. 

2;640i 
1,498- 

233: 
1,207 

2,129 
655 



99, 100 



56, 213 
8,443 
2,102 
1,438 
3,339 
2,108 
1,151 
3,290 
303 

258 
17, 412 



96, 058 



3,042 
258 



1 Changes in the revenue acts affecting the comparability o{ statistical data from income tax returns of 
corporations are summarized on pp. 209-213; general explanations appear on pp. 1-5. Compiled receipts 
and compiled deductions are not available for corporations submitting balance sheets as distinct from all 
corporations, for the years 1926 to 1930, inclusive. 
■ 2 Excludes returns for inactive corporations and returns with fragmentary balance slieet data. 

3 See text pp. 13-18. 

* Includes cash in till and deposits in bank. 

« See footnote 3, p. 12. 

6 "Investments other than tax-exempt" not segregated from "other assets" prior to 1929. (See text p. 15.) 

" For 1926 to 1931, gross sales for trading and manufacturing concerns. For 1932 and subsequent years, 
gross sales where inventories are an income-determining factor. For "cost of goods sold" see "deductions." 

8 For 1926 to 1931, gross receipts from operations other than trading and manufacturing. For 1932 and 
subsequent years, gross receipts from operations where inventories are not an income-determining factor. 
For "cost of other operations" see "deductions." 

» See footnote 4, p. 12. 

ID See footnote 5, p. 13. For method of tabulation, see p. 11. 

•1 See footnote 6, p. 13. 

12 See footnote 7, p. 13. 

13 For limitation on amount of loss that may be allowed for 1932 and 1933, on sale of stocks and bonds 
(other than Government bonds) held 2 years or less, see sec. 23 (r) of the Revenue Act of 1932 and sec. 218(b) 
of the National Industrial Recovery Act; for limitation on amount of loss that may he allowed for 1934, see 
sec. 117(d) of the Revenue Act of 1934. 

1* Includes returns for inactive corporations. 

15 Included in "other assets." 

1' Revised. For revised figures for 1926, see Statistics of Income for 1928, p. 388; for revised figures for 
1927, see Statistics of Income for 1931, p. 32; for revised figures for 1929, see Statistics of Income for 1930, p. 
28; and for revised figures for 1930, 1931, and 1932, see Statistics of Income for 1933, p. 37. 

1' Included in "other deductions." 

19 Deficit or compiled net loss. 



STATISTICS OF INCOME 41 

PERSONAL HOLDING COMPANY RETURNS, FORM 1120H 

A personal holding company is defined under the provisions of 
section 351 of the Revenue Act of 1934 as any corporation (other 
than the specifically exempt corporations indicated below), if — 
(A) 80 percent or /more of its gross income for the taxable year was 
derived from royalties, dividends, interest, annuities, and (except in 
the case of regular dealers in stock or securities) gains from the sale 
of stock or securities, and, (B) at any time during the last half of the 
taxable year more than 50 percent in value of its outstanding stock 
was owned, directly or indirectly, b}^ or for not more than five indi- 
viduals. Corporations specifically exempt from tliis tax are as follows: 
(1) Corporations exempt from income taxation (as listed in section 
101 of the Revenue Act of 1934); banks and trust companies (incor- 
porated under the laws of the United States, or of any State or Terri- 
tory) a substantial part of whose business is the receipt of deposits; 
(3) life insurance companies; and (4) surety companies. 

The term "adjusted net income" means the net income or deficit 
reported on Form 1120 plus dividends received (which are allowed as 
a deduction for income tax purposes), and minus the sum of: (a) Fed- 
eral income, war-profits, and excess-profits taxes and foreign taxes (not 
deducted in computing net income on form 1120), paid or accrued 
during the taxable year, but not including surtax on personal holding 
companies; (6) contributions or gifts to charitable, educational, and 
other similar organizations, wliich are not allowed as a deduction for 
income tax purposes; and (c) losses from sales or exchanges of capital 
assets w^hich are disallow^ed as a deduction by section 117(d) of the 
Revenue Act of 1934. 

The term "undistributed adjusted net income" means the "adjusted 
net income" minus the sum of: (a) 20 percent of the excess of the 
adjusted net income over the amount of dividends received from 
personal holding companies; (6) amounts used or set aside to retire 
indebtednesss incurred prior to January 1, 1934, if such amounts are 
reasonable wdth reference to the size and terms of such indebtedness; 
and (c) dividends paid during the taxable ^''ear. 

Return form 1120H (see facsimile on pp. 228-231) wh'ch is required 
to be filed by personal holding companies provides for an additional 
graduated surtax of 30 percent of the undistributed adjusted net 
income not over $100,000 plus 40 percent of the amount over $100,000. 
Personal holding companies are subject to this surtax on form 1120H 
in addition to the corporation income tax on form 1120. 

The personal holding company returns filed by corporations on 
form 1120H, for the calendar year 1934 and for fiscal years ended in 
the period January through June, 1935, number 4,457. There are 
374 returns which show undistributed adjusted net income amounting 



42 STATISTICS OF INCOME 

to $5,369,910 and a surtax of $1,833,346. No surtax liability is 
shown for 4,083 personal holding companies, which are divided into 
(a) 2,105 companies with no undistributed adjusted net income, of 
which 361 companies report that each shareholder included his 'pro 
rata share of the adjusted net income of the corporation on his indi- 
vidual income tax return and 1,744 companies distributed to sharehold- 
ers dividends in excess of adjusted net income and (b) 1,978 companies 
with no adjusted net income due to deductions exceeding receipts. 

The accompanying tables are based on the returns as filed and prior 
to any adjustment that may be determined upon investigation and 
audit. 

The following table shows number of returns form 1120H, items of 
receipts and deductions not allowed on form 1 120 ; adjusted net income, 
no adjusted net income, credits, and surtax for (a) returns for personal 
holding companies with adjusted net income, divided into returns with 
surtax liability and the two types of returns with no surtax liability 
and (6) returns with no adjusted net income. Each of these types of 
returns, form 1120H, is separated into those showing net income and 
no net income on. form 1120. In the tables throughout this report 
compiled from corporation income and excess-profits tax returns for 
1934, the returns, form 1120, filed by these companies are merged 
in the various industrial classifications according to the predominant 
business activity of the corporation as reported on form 1120. 

The 374 returns of personal holding companies which did not make 
complete distribution of income and which therefore report surtax 
liability on form 1120H show adjusted net income of $18,289,104 and 
dividends paid of $8,801,066, or 48.1 percent of their adjusted net 
income. The undistributed adjusted net income subject to surtax 
is $5,369,910 and the surtax liability is $1,833,346. Of the 374 returns, 
212 show a net income on form 1120. The surtax liability on form 
1120H for these 212 returns is $1,318,032. The surtax Hability for the 
remaining 162 returns with undistributed adjusted net income but 
with no net income on fonn 1120 is $515,314. 

It is not possible to determine the amount of the income tax liability 
of the individual shareholders on form 1040 on either the pro rata 
shares of the adjusted net income shown on form 1120II, which were 
reported on form 1040, or on the dividends distributed by the personal 
holding companies to the shareholders. 



STATISTICS OF INCOME 



43 



Personal holding company returns, jorm 1120H,for 1934, in aggregate and for returm 
with adjusted net income and no adjusted net income, by returns with net income 
and no net income on jorm 1120, showing number of returns, receipts, deductions, 
adjusted net income and no adjusted net income, credits, undistributed adjusted 
net income, and surtax 

[Money figures in thousands of dollars] 





All returns, 
form 1120H 


Returns form 1120H with adjusted net 
income 


Returns 
form 1120H 
with no ad- 
justed net 
income 




§ 
a 

O 
4) 

a 

8 
c 

§ 
a 

o 

ja 

CO 


§ 

H 

£ 

a 
o 


S 

a 

a 

o 
a 

be 

a 

'5 
o 

S3 
W 


Showing 
undistrib- 
uted ad- 
justed net 
income and 
surtax lia- 
bility 


Showing no undistributed 
adjusted net income 




Pro rata 
shares re- 
ported in 
individual 
income tax 
returns of 
shareholders 


Dividends 
paid to share- 
holders and 
other credits 
exceed ad- 
justed net 
income 


a 

g 


<D 


8 
a 

a 

bn 

d 
II 

CO 


g 

§ 


8 
a 




Sis 

ti- S H 
IS 2 t' 
o Co 
j2 — — 

CO 


o «o 

C62 

bC O S 

ilg 

02 


m C 

CO- 

■?8g 

o Co 

ja — ■" 

CO 


050 

c B2 

O— 1 

M C 

||g 

CO 


m C 

|i0 

O Co 
CO 


o «o 
C02 

llg 


a 

a 

bo 

a 

CO 




1,500 


2,957 


212 


162 


223 


138 


937 


807 


128 


1. 850 






Receipts: 

Net income on form 1120 


42, 854 


"48,' 579 
128, 859 


5,479 
7,235 


i,'653 
9,908 


2,393 
2,294 


'""566 
3,297 


33, 384 

33, 825 


"12,' 034 
96,582 


1,598 

4,600 


34,"926 


Dividends on stock of domestic 


47, 854 


19,072 






Total 


90, 709 


80, 280 


12, 714 


8.855 


4,687 


2,731 


67, 210 


84, 548 


6,098 


« 15, 854 






Deductions not allowed on form 
1120: 
Federal income, war-profits and 
excess-profits taxes, and for- 
eign taxes 3 (not deducted in 
computing net income on 
form 1120), paid or accrued 

during the taxable year. 

Contributions or gifts . 


7,138 

482 

15, 902 


2,755 
369 

54,361 


1,153 
5 

883 


537 
26 

674 


329 
14 

140 


9 
(«) 

401 


5,301 
226 

3,827 


782 
94 

7,262 


355 
237 

11,052 


1,427 
249 


Losses from sale of capital as- 


46, 024 






Total. - 


23, 524 


57, 486 


2,042 


1,238 


483 


411 


9,355 


8,137 


11, 644 


47, 700 




67, 185 


22, 794 


10, 672 


7,617 


4,204 


2,320 


57, 855 


76,411 








5,546 


63, 554 






















Credits: 

20 percent of adjusted net in- 
come in excess of dividends 
from personal holding corn- 


11, 763 
17, 071 
69, 898 


14, 275 
16,916 
86, 175 


2,053 

115 

4,760 


1,001 

949 

4,041 






9,710 
16, 729 
64,211 


13, 274 

14, 609 
75, 896 






Amount for debt retirements 






227 
927 


1,358 








6,238 










Total 


98, 731 


117,367 


6,927 


5,992 






90, 650 


103, 779 


1.154 


7,596 










Undistributed adjusted net income- 
Amount taxable at 30 percent . - . 
Amount taxable at 40 percent . - - 


« 3, 745 
9 1, 79b 
« 1, 947 
6 1, 31S 


» 1, 624 

« 1, 34S 

«277 

9 51f 


3,745 
1,798 
1,947 
1,318 


1,624 
1.34S 

277 
5U 




















































1 











> Deductions in excess of receipts. 

s Includes dividends from personal holding companies. 

' The income tax paid or accrued during the taxable year to a foreign country or United States possession, 
which is not deducted in computing net income on form 1120. is estimated at $1,500,000. 

* No net income on form 1120 in excess of dividends received from domestic corporations. 

» Less than $500. 

« Amounts reported on form 1120H by companies with undistributed adjusted net income and surtax 
liability. 

149581—37 4 



44 



STATISTICS OF INCOME 



The following table shows the number of returns with adjusted net 
income distributed by adjusted net income classes: 

Personal holding company returns, form tl20H, for 1934, with adjusted net income 
showing number of returns bij adjusted net income classes 





Number of returns with adjusted net 
income 




Showing 
undistrib- 
uted ad- 
justed net 
income and 
surtax lia- 
bility 


Showing no undistributed 
adjusted net income 


Adjusted net income classes (thousands of dollars) 


Pro rata 
shares re- 
ported on 
individunl 
income tax 
returns of 
shareholders 


Dividends 

paid to 
shareholders 

and other 

credits exceed 

adjusted net 

income 


UnderS - 


213 
30 
45 
32 
20 
26 
5 
3 


182 
54 
79 
17 
18 
10 
1 


505 


5-10 


222 


10-25 


335 


25-50... 


247 


50-100 - - 


189 


100-500 - 


205 


500-1,000 . 


24 


1,000-5,000 


15 






2 










Total - ... 


374 


361 


1,744 







BASIC TABLES AND SYNOPSIS OF CORPORATION INCOME AND 
PROFITS TAX RATES 

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

There is also included a synopsis of corporation income and profits 
tax rates under the Revenue Acts of 1909-1934 and certain provisions 
of the National Industrial Recovery Act (1933) which affect the 
comparability of the data in the Statistics of Income. 
Respectfully, 

Guy T. Helvering, 
Commissioner oj Internal Recenue. 



Hon. Henry Morgenthau, Jr., 
Secretary of the Treasury. 



BASIC TABLES 



CORPORATION INCOME AND 
EXCESS-PROFITS TAX RETURNS 



45 



46 



STATISTICS OF INCOME 



Table 1 (Table 12, Statistics of Income for 1933). — Corporation returns J or 19S4y 
number of returns, gross income, deductions, net income or deficit, income tax, 

[ Money figures in 

[For text defining certain items and describing 



States and Territories 



Total 
number 

of 
returns 



Returns showing net income 



Number 



Gross 
income ' 



Deduc- 
tions 1 



Net 
income 



Income 
tax 



Excess- 
profits 
tax a 



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 



3,797 

203 

1,586 

2,366 

25, 106 
6,824 
8,948 
2,572 
2,598 
9,609 
5,900 

791 

2,270 

34, 845 

12, 275 

8,990 

4,955 

5,299 

6,995 

3,897 

6,740 

21,206 

15, 582 

11, 298 

2,326 

15, 835 

2,967 

4,611 

956 

1,472 

25, 383 

1,181 

118, 941 

5,900 

2,885 

26, 151 
6,060 
6,093 

28, 646 
3,504 
3.322 
2,811 
5,239 

15,582 
2,902 
1,244 
6, 893 

11,457 
4,662 

15,910 
1,313 



1,295 
62 

389. 

907 
7,112 
1,559 
2,385 

706 

918 
2,332 
2,277 

371 

593 
9,974 
3,646 
2,654 
1,674 
1,892 
2,012 
1,087 
2,187 
6,188 
4,742 
3,185 

835 
4,879 

937 
1,379 

195 

509 
4,747 

347 

24, 318 

2,576 

785 
8,471 
1,834 
1,427 
8,104 

947 
1.334 

692 
1,968 
5, 



,343 

802 

404 

2,542 

2,903 

1,726 

4,559 

391 



528, 898 



145, 101 



241 

4: 

66 

133, 

2,790, 
385, 
962, 
760, 
305 
326, 
565 
176, 
69, 

7,446, 
894, 
605 
493, 
576, 
527 
191 
687, 

2, 557, 

4, 918, 

1, 326 
119 

2, 018 
116, 
342, 
133 
105 

1,785 

41 

16, 088, 

849, 

66, 

3,812, 
474 
242, 

4,322, 

293 

263 

56 

527 

1, 389 
151, 
65, 
641 
510 
430 

1, 025 
29 



750 
458 
782 
632 
876 
308 
925 
149 
696 
861 
990 
327 
703 
960 
540 
840 
750 
013 
452 
809 
119 
615 
522 
095 
709 
558 
143 
666 
357 
102 
940 
407 
093 
384 
952 
172 
389 
517 
117 
303 
916 
905 
991 
776 
093 
284 
816 
734 
706 
696 
056 



230 

3 

63 

12' 

2, 562, 

352 



282, 
310 
530, 
159, 
66 
7, 078, 
834 
578, 
473 
532, 
495 
179 
631 

2, 380 
4, 635 
1, 266 

115 

1, 875, 

110: 

322 

129, 

97 

1, 618 

39, 

14, 896, 

783, 

64 

3, 552, 
425, 
233 

3,991 
272, 
249 

55, 

499 

1, 297, 

143 

61, 
587, 
484, 
401 
974 

27, 



10, 940 

556 

3,279 

6,002 

228, 691 

32, 985 

78, 219 

93, 329 

22, 871 

16,458 

35, 126 

16, 586 

3,690 

368, 385 

60, 116 

27, 254 

19.990 

43, 978 

31, 487 

12, 638 

55, 948 

177, 365 

282, 682 

59, 810 

4,670 

142, 891 

5,520 

19, 905 
3,403 
7,760 

167, 161 

2,059 

1,191,532 

65, 566 

2,083 

259. 674 

49. 076 

9,235 

330, 524 

20, 307 
14, 109 

1,735 
28,511 
92, 504 

7,606 

4,005 
54, 682 
25, 764 
29, 008 
51, 209 

1,413 



1,504 

76 

451 

825 

31,449 

4,536 

10,073 

12, 882 

3,145 

2,265 

4,830 

2,281 

502 

50, 791 

8,275 

3,768 

2,772 

6,047 

4,357 

1,743 

7,581 

24, 388 

38, 862 

8,236 

639 

19, 661 

759 

2,737 

468 

1,066 

23, 036 

283 

164, 073 

9,015 

286 

35, 804 

6,747 

1,269 

45, 409 

2,792 

1,940 

239 

3,920 

12,721 

1,043 

551 

7.519 

3.537 

3.987 

7.042 

194 



62, 920, 954 



58, 645, 757 



4, 275, 197 



588, 375 



64 

6 

21 

34 

382 

103 

42 

145 

49 

81 

71 

9 

19 

799 

210 

73 

49 

100 

68 

27 

143 

216 

325 

151 

23 

256 

28 

54 

18 

8 

135 

14 

1,720 

110 

12 

525 

139 

24 

481 

35 

26 

10 

92 

340 

19 



100 
52 
154 



7.673 



' Gross income and deductions correspond to total income and total deductions (items 14 and 26, respec- 
tively, on face of return) plus, in each instance, cost of goods sold and cost of operations (items 2 and 5 
on face of return). Interest received on Liberty bonds, etc. (item 11 on face of return) has been deducted 
from gross income so that gross income will include the same items as in prior years. 



STATISTICS OF INCOME 



47 



iy States and Territories, showing for returns with net income and no net income, 
excess-profits tax, and dividends paid; also number of inactive corporations 

thousands of dollars] 

returns included, see pp. 1-4] 











Returns 




Dividends paid 














showing 
no income 






















Returns showing no net income 


data- 




















Inactive 


Returns showing 


Returns showing no 












corpora- 


net income 


net income 












tions 












Number 


Gross 
income ' 


Deduc- 
tions > 


Deficit 


Number 


Cash 


Stock 


Cash 


Stoclj 




2,098 


181, 338 


199, 834 


18, 497 


404 


4,693 


72 


7,250 


5 


1 


115 

809 


3,103 
37, 302 


3,475 
42, 497 


372 
5,195 


26 

388 


267 
1,733 


6 
822 


305 
368 




2 


4' 


3 


1,336 


82, 131 


88, 706 


6,576 


123 


3,021 


543 


482 


43 


4 


14, 675 


1, 714, 305 


1, 942, 185 


227, 880 


3,319 


216, 978 


16, 092 


67, 619 


4,788 


5 


3,851 


203, 087 


227, 262 


24, 175 


1,414 


19, 595 


840 


5,582 


89 


6 


5,940 


711,228 


782, 407 


71, 179 


623 


74, 208 


3,750 


15, 313 


162 


7 


1,509 


670, 810 


619, 382 


48, 572 


357 


140, 091 


6,408 


95, 416 


4,973 


8 


1,428 


221, 222 


243, 421 


22, 199 


252 


12, 085 


2,321 


3,054 


135 


9 


5,423 


208, 254 


243, 514 


35, 260 


1,854 


7,325 


246 


3,836 


66 


10 


3,153 


228, 405 


251, 033 


22, 628 


470 


22, 897 


169 


3,798 


179 


11 


392 


40, 655 


45, 367 


4,711 


28 


17, 935 


890 


3,947 


8 


12 


966 


41,224 


45, 938 


4,715 


711 


2,180 


38 


735 


29 


13 


21, 099 


3, 608, 033 


4, 057, 092 


448, 458 


3,772 


252,911 


11,198 


66. Ill 


819 


14 


6,965 


507, 688 


569, 369 


61, 681 


1,664 


41,687 


1,511 


4,296 


89 


15 


4,409 


232, 770 


259, 708 


26, 938 


1,927 


15. 635 


3.085 


1,369 


161 


16 


2.829 


218, 757 


239,013 


20, 256 


452 


30. 569 


1,302 


2,788 


161 


17 


2,895 


267, 830 


291,831 


24, 001 


512 


22, 726 


974 


5, 716 


53 


18 


4,144 


262, 124 


292, 689 


30, 565 


839 


20, 799 


463 


2,884 


37 


19 


2,313 


181, 155 


202, 253 


21,097 


497 


8,280 


341 


2.739 


220 


20 


3,735 


593, 365 


663, 782 


70, 417 


818 


53,400 


1, 310 


8,360 


1,261 


21 


13, 622 


1, 872, 967 


2, 045, 266 


172, 298 


1,396 


141,401 


6,593 


57. 424 


3,410 


22 


9,103 


950, 908 


1, 077, 036 


126,068 


1, 737 


182. 544 


8,654 


6,260 


152 


23 


6,414 


676, 997 


768, 801 


91, 804 


1, 699 


49, 529 


778 


19, 930 


181 


24 


1,325 


81, 179 


89, 990 


8,811 


166 


2,258 


219 


662 


15 


25 


9, 151 


939, 236 


1, 072, 079 


132, 843 


1,805 


95, 382 


7,163 


11,001 


213 


26 


1,647 


46, 340 


54, 387 


8.047 


383 


3,532 


133 


612 


138 


27 


2,784 


136,803 


154, 626 


17, 823 


448 


13, 166 


415 


2,069 


20 


2? 


493 


33. 599 


38, 255 


4.656 


268 


3,157 




5, 455 


53 


2« 


865 


73, 149 


79, 290 


6, 141 


98 


5,799 


33 


391 


116 


30 


18. 104 


1, 393, 616 


1,588,462 


194, 846 


2,532 


182, 069 


2,215 


40, 169 


826 


31 


596 


20, 127 


22, 696 


2,569 


238 


845 


134 


310 


4 


32 


83, 689 


11,552,650 


12, 788, 742 


1, 236, 092 


10, 934 


1, 383, 225 


44, 312 


359. 674 


14, 803 


33 


2,920 


272, 761 


298, 963 


26, 202 


404 


54,815 


1,872 


1,935 


113 


34 


1,454 


34, 305 


38, 640 


4,335 


646 


716 


211 


83 


10 


3£ 


16, 067 


2, 179, 222 


2, 379, 559 


200, 337 


1,613 


182, 870 


4,418 


37, 035 


2,868 


3£ 


3,563 


641, 305 


688, 943 


47, 637 


663 


35, 855 


733 


20, 567 


1,182 


37 


3,481 


226, 652 


249, 733 


23, 080 


1.185 


3,705 


1,470 


2,305 


67 


3S 


17, 255 


3, 570, 752 


3, 890, 510 


319, 758 


3,287 


281, 544 


27, 537 


118,467 


' 2, 040 


3S 


2,249 


312, 195 


349, 147 


36, 952 


308 


20, 065 


1,663 


3,705 


197 


4C 


1,704 


111,456 


120, 610 


9,154 


284 


6,380 


1,134 


704 


414 


41 


1,543 


40,813 


45, 087 


4,274 


576 


710 


59 


225 


4 


4S 


2,858 


233, 119 


257, 079 


23, 960 


413 


16, 456 


2,577 


1,974 


188 


4S 


8,649 


868, 403 


976, 501 


108, 099 


1,590 


77, 137 


2,320 


19, 379 


282 


44 


1,550 


80, 449 


90, 439 


9,991 


550 


4,891 


108 


1,663 


2 


4t 


767 


49, 680 


54, 570 


4,890 


73 


2,616 


50 


270 


15 


4e 


3,794 


230, 031 


266, 481 


36, 450 


557 


35, 866 


1,207 


4,166 


14 


47 


6,483 


339, 317 


376, 147 


36, 830 


2,071 


16, 742 


644 


8,295 


69 


4S 


2,525 


187,118 


204, 109 


16, 991 


411 


23,548 


329 


3,081 


33 


4S 


9,177 


614, 934 


684, 547 


69, 613 


2,174 


55, 483 


4,052 


6,739 


594 


5C 


787 


24, 769 


29, 874 


5,105 


135 


1,275 


5 


265 


41 


51 


324, 703 


37, 910, 299 


42,091,326 


4,181,027 


59, 094 


3, 852, 599 


173, 419 


1,036.781 


41,344 





2 Includes excess-profits tax of $37,540 on returns with no net income for income tax purposes, due to 
the credit for interest received on certain obligations of the United States and its instrumentalities, 
which is allowed against net income in the computation of the income tax, not being allowed against net 
income in the computation of the excess-profits tax. (See article 1(d) of Treasury Decision 4469, "Reg- 
ulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.") 



4S 



STATISTICS OF INCOME 



Tabxe 2 (Table 13, Statistics of Income for 1933). — Corporation returns for 1934, 
piled deductions, compiled net profit or net loss, net income or deficit, income tax, 
dends paid 

[Money figures in 

[For text defining certain items and 
PART I. ALL 



N.umber of returns -- — 

Receipts, taxable income: 

Gross sales • 

Gross receipts from other operations 2... 

Interest 

Rents 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

dividends from domestic corporations.. 
Interest on tax-exempt obligations * 

Total compiled receipts ^ 

Deductions: 

Cost of goods sold 5 -. 

Cost of other operations 

Compensation of ofiicers .-- 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax ' 

Bad debts - 

Depreciation - --- 

Depletion - 

Net capital loss " 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss (10 less 22)... 
Net income or 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 



Aggregate 



, 309, 307 
,551,986 
, 696, 250 
,585,017 
242, 559 
, 228, 688 

, 217, 446 
663, 601 



101, 494, 854 



17, 



458, 402 
670, 246 
173, 058 
485, 571 
421,519 
161,892 
182, 064 
362, 108 
311,852 
297, 397 
995, 528 



98, 519, 637 



2,975,218 
94, 170 



588, 375 
7,673 



596, 048 



2,379,169 

4, 889, 379 

214, 763 



Agricul- 
ture and 
related 
indus- 
tries 



395, 547 

101, 159 

5,358 

12,484 

2,561 

14,957 

5,582 
1,826 



539, 474 



272,513 
29, 468 
16,900 
15,346 
23, 193 
21,669 
6,876 
32, 212 
4,824 
15,627 

148, 138 



Mining 
and quar- 
rying 



13, 543 



2,131,845 
221,493 
19,148 
23, 245 
21,978 
44, 257 

75, 747 
8,386 



Manufac- 
turing 



Total man- 
ufacturing 



2, 546, 100 



1,434,536 

100,416 

41,570 

17,426 

78, 854 
89,851 
16,512 
174,884 
184, 522 
4,888 
327,817 



586, 766 



9 47, 291 
» 54, 699 



4,198 
80 



4,278 



» 51, 570 

26,410 

560 



2, 471, 276 



74, 823 
«9,311 



21,456 
428 



52. 939 

266. 133 

4.480 



39, 559, 783 
436, 236 
148, 048 
109, 416 
37, 098 
413,731 

388, 637 
63, 852 



41,156,801 



30,017,301 

175,103 

753, 805 

293, 937 

367, 205 

565, 721 

250, 657 

1,316,817 

106, 895 

36, 540 

5, 840, 416 



39, 724, 397 

1,432,404 
979, 915 



262, 466 
3,477 



265, 943 



For footnotes, see pp. 58-59. 



STATISTICS OF INCOME 



49 



by major industrial groups, showing number of returns, compiled receipts and com- 
excess-profits tax, total tax, compiled net profit after deducting total tax, and divi- 



thousands of dollars] 

describing returns included, see pp. 1-4 and 11-13] 
RETURNS 



Industrial groups— Continued 




Manufacturing— Continued 






Liquors and 














Food and 


beverages 




Textiles and 


Leather and 








kindred 
products 


(alcoholic 
and non- 
alcoholic) 


products 


their 
products 


its manu- 
factures 


products 


products 




12. 524 


2.908 


376 


15, 423 


2,344 


607 


6,537 


1 


8,166,607 


1, 039, 678 


1, 045, 465 


5,114,483 


1, 018, 483 


712, 051 


1, 060, 670 


2 


53, 641 


5,735 


367 


70, 756 


3,445 


6,018 


16,754 


3 


18, 333 


1,401 


2, 267 


7,820 


1,930 


4,332 


6,212 


4 


12,112 


4,102 


740 


12,379 


1,167 


9,241 


6,530 


6 


3,492 


808 


872 


4,393 


400 


1,803 


2,676 


6 


56, 091 


6,068 


3,221 


34, 266 


6,677 


4,233 


12, 154 


7 


34, 850 


1,629 


6,695 


6,163 


1,050 


18, 676 


2,408 


8 


5,823 


1,188 


3,714 


6,093 


732 


696 


1,282 


9 


8, 350, 948 


1, 060, 609 


1, 063, 340 


5, 256, 352 


1, 033, 885 


756, 950 


1,096,686 


10 


6. 569, 265 


676, 141 


829, 970 


4, 220, 264 


847, 498 


524, 269 


813, 934 


11 


17,964 


1,956 


68 


46, 789 


1,586 


152 


9,257 


12 


86,114 


20, 854 


6,767 


139, 977 


24, 318 


7,603 


36, 871 


13 


37, 491 


4,394 


1,358 


41,660 


8,739 


10,704 


7,578 


14 


52, 120 


7,778 


3,455 


33, 232 


4,668 


11,772 


22,417 


15 


69, 599 


41, 781 


8,183 


56, 027 


6,222 


12, 867 


21,675 


16 


26, 227 


9,754 


1,426 


18, 979 


4,408 


3,503 


13, 399 


17 


146, 722 


25, 968 


11,094 


123, 033 


11,861 


28,963 


41,549 


18 


170 


64 


962 


145 


43 


8 


18, 600 


19 


3,915 


2,294 


42 


8,033 


539 


2,279 


3,225 


20 


1, 049, 4S0 


184, 883 


95, 397 


539, 167 


103, 296 


131, 159 


153, 987 


21 


8, 059. 077 


975, 866 


958, 720 


5, 227, 308 


1,013,178 


733, 269 


1, 142, 493 


22 


291,871 


84, 743 


104, 620 


29, 044 


20, 706 


23. 682 


» 45, 808 


23 


251, 198 


81,925 


94,211 


16, 789 


18, 924 


4,410 


9 49. 498 


24 


41, 768 


13, 427 


13, 241 


19, 605 


5,018 


2,094 


3,743 


25 


642 


402 


5 


291 


66 


20 


63 


26 


42,411 


13, 830 


13, 246 


19, 795 


5,084 


2,115 


3,807 


27 


249, 460 


70, 913 


91, 373 


9,249 


15, 622 


21,567 


9 49, 616 


28 


258, 693 


25, 508 


96, 458 


99, 019 


22, 277 


19, 997 


33,410 


29 


9,037 


1,457 


958 


9,357 


1,392 


78 


969 


30 



50 



STATISTICS OF INCOME 



Table 2 (Table 13, Statistics of Income for 1933). — Corporation returns for 1934, 

piled deductions, compiled net profit or net loss, net income or deficit, income tax, 

dends paid — Continued 

[Money figures in 

PART I. ALL 



Number of returns. 



Receipts, taxable income: 

Gross sales ' 

Gross receipts from other operations '.. 

Interest --- 

Rents - - 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations. 

Interest on tax-exempt obligations ' 



Total compiled receipts ' 



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... 

Net capital loss ' 

Other deductions 



Total compiled deductions. 



Compiled net profit or net loss (10 less 22). 
Net income or 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 



2,240 



, 280, 148 
4,594 
10, 608 
4,221 
1,139 
8,784 

4,961 
2,122 



1, 316, 576 



917, 500 

777 

31,361 

11, 592 

25, 545 

18,935 

7,941 

61, 202 

1,557 

1,208 

179, 405 



Printing, 
publishing, 
and allied 
industries 



59, 554 
52, 471 



11,123 
211 



11,334 



48,220 

44, 588 

5,782 



12, 108 



1, 706, 316 
97, 645 

5,834 
10, 182 

2,226 
19, 207 

15, 407 
4,168 



1, 860, 984 



1,121,316 

54, 466 

88, 564 

34, 505 

20, 226 

17,499 

24, 044 

48. 558 

68 

1,406 

377, 448 



1, 788, 098 



72. 886 
53,311 



Chemicals 
and allied 
products 



6, 284, 780 
61, 083 
29, 603 
18, 784 
7,560 
51, 126 

195, 625 
8,731 



6. 657, 292 



4, 385, 142 

13, 387 

66, 546 

57, 229 

57, 835 

150, 915 

37, 380 

291,151 

78, 805 

3,835 

1, 165, 223 



6, 307, 448 



349, 844 
145, 488 



16, 148 
201 



16, 350 



56, 536 

81,969 

9,752 



44, 627 
543 



45, 170 



304, 674 
363, 423 
32, 067 



Stone, 
clay, and 

glass 
products 



3.744 



810, 405 
9,006 
3,466 
2,645 
1,234 
8,053 

4,740 
2,111 



841, 661 



540, 322 

3,308 

23,258 

4,368 

12, 962 

13, 592 
7,644 

61,152 

1,751 

1,133 

140, 095 



809, 585 



32, 075 
25, 224 



8,491 
59 



8, 550 



23,525 

44, 866 

2,369 



For footnotes, see pp. 58-59. 



STATISTICS OF INCOME 51 

hij major industrial groups, showing number of returns, compiled receipts and com- 
excess-profits tax, total tax, compiled net profit after deducting total tax, and divi- 

thousands of dollars] 

RETURNS— Continued 



Industrial groups— Continued 




Manufacturing— Contd. 


Construc- 
tion 


Transpor- 
tation and 
other public 
utilities 


Trade 


Service- 
Professional, 

amuse- 
ments, ho- 
tels, etc. 


Finance- 
Banking, 
insurance, 
real estate, 

holding 
companies, 
stock and 
bond brok- 
ers, etc. 


Nature of 
business 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




19, 281 


5,592 


15, 941 


25, 379 


140, 876 


45,912 


126, 096 


1,439 


1 


10, 167, 536 
97, 463 
51,983 
24, 824 
7,200 
190, 399 

89, 030 
25,413 


1, 163, 162 
9,729 
5,259 
3,492 
3,296 
13, 452 

7,503 
1,779 


513,309 
704, 421 
6,760 
8,421 
4,115 
14, 586 

5,167 
3,723 




31, 708, 822 

718, 137 

85, 123 

84, 664 

14, 498 

340, 198 

59, 517 
16, 993 








2 


10, 475, 274 

131, 027 

97, 332 

11,860 

70, 686 

324, 151 
20, 564 


3, 163, 822 

12,813 

124, 171 

6,856 

54,145 

12, 470 
2,305 


>" 2, 728, 223 

2, 287, 622 

1, 125, 076 

143, 457 

275, 031 

1, 345, 671 
545, 919 


3,221 
351 
207 
136 

1,196 

605 
34 


3 

4 
5 
6 
7 

8 
9 


10, 653, 847 


1, 207, 672 


1, 260, 502 


11,130,794 


33, 027, 953 


3, 376, 582 


8,450,999 


5,651 


10 


7, 757, 786 

22, 063 

179, 988 

61,990 

107, 308 

135, 012 

85, 265 

426, 302 

4,647 

7,190 

1, 495, 227 


813, 894 

3,330 

41, 584 

12, 330 

7,887 

13, 414 

10, 687 

39, 271 

176 

1,442 

225, 638 


411,847 

527, 197 

69, 738 

10, 578 

13,113 

10, 437 

13, 647 

43, 078 

341 

2,277 

184, 147 




25, 322, 205 

309,500 

684, 027 

609, 219 

150, 284 

214, 646 

226, 328 

265, 142 

1,419 

13, 862 

4, 833, 637 








11 


5, 666, 297 

87, 565 

158,767 

1, 366, 655 

706, 340 

43, 024 

1, 004, 830 

10, 746 

8,056 

1, 457, 396 


1, 273, 262 

163, 074 

215, 670 

174, 108 

123, 794 

43, 562 

202, 589 

264 

18, 646 

1, 322, 437 


1" 586, 850 

U 355, 845 

164, 435 

1, 247, 534 

429, 154 

579, 749 

321,977 

2,829 

197, 072 

12 3, 878, 740 


2,154 
534 
192 

572 

280 
1,708 

578 
12 

430 
2,802 


12 
13 
14 
15 
16 
17 
18 
19 
20 
21 


10, 282, 678 


1, 169, 654 


1, 286, 400 


10, 509, 677 


32, 630, 269 


3, 537, 406 


12 7, 764, 184 


9,262 


22 


371, 169 
256, 726 


38, 018 
28, 736 


« 25, 898 
9 34, 787 


621, 117 
276, 402 


397, 684 
321, 174 


» 160, 824 
« 175, 599 


686, 814 
« 1, 204, 775 


"3,611 
'4,150 


23- 
24 


73, 627 
788 


9,653 
184 


4,358 
190 


126, 600 
329 


92, 200 
2,077 


14, 863 
348 


62, 108 
742 


125 
2 


25 

26 


74, 415 


9,837 


4,548 


126, 929 


94, 278 


15,211 


62, 850 


127 


27 


296, 754 

477, 118 

29, 146 


28, 181 

42, 333 

2,333 


» 30, 447 
23, 398 
2,050 


494, 188 

1, 221, 443 

21, 266 


303, 406 

398, 734 

33, 294 


• 176, 035 

63, 087 

4,170 


623, 964 

1,278,888 

44, 248 


« 3, 738 
1,629 


28 
29 
30 







52 



STATISTICS OF INCOME 



Table 2 (Table 13, Statistics of Income for 1933).- — Corporation returns for 1934, 
piled deductions, compiled net profit or net loss, net income or deficit, income tax, 
dends paid — Continued 

[Money figures in 



PART II. RETURNS 



Number of returns. 



Receipts, taxable income: 

Oross sales ' 

Gross receipts from other operations 2,. 

Interest 

Rents 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations. 
Interest on tax-exempt obligations ^ 



Total compiled receipts ' 



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 

Net capital loss '' 

Other deductions 



Total compiled deductions. 

Compiled net profit (10 less 22).. 

Net income (23 less 8 and 9) 

Income tax 

Excess-profits tax 



Total tax- 



28 Compiled net profit less total tax (23 less 27). 

29 Cash dividends paid 

30 Stock dividends paid 



Industrial groups 



Aggregate 



145, 101 



, 103, 49" 
, 679, 254 
837, 241 
495, 941 
104, 222 
759, 904 

940, 895 
197, 582 



63,118,536 



177,046 
674. 133 
152,493 
761,132 
030, 135 
015,'321 
335, 878 
720, 701 
151,534 
21, 697 
664, 790 



57, 704, 862 



5, 413, 675 

4, 275. 197 

588, 375 

7,635 



596,011 



4, 817, 664 

3, 852, 599 

173,419 



Agricul- 
ture and 
related 
indus- 
tries 



1,995 



216, 006 
60, 626 
2,359 
5,073 
1,134 
9,869 



297, 647 



136, 595 
6,809 
6,591 

11,930 
4,019 
8,859 
1,758 

16, 054 

1,277 

137 

70, 466 



264, 494 



33, 152 

30, 572 

4,198 

80 



4,278 



28, 874 

22, 188 

363 



Mining 

and 

quarrying 



4,460 



1,017,722 
72, 479 
7,892 
10. 726 
13, 638 
22, 983 

16,335 
4,372 



1,-166, 147 



596, 238 

16,378 

20, 621 

7,726 

17, 238 

33.816 

5,135 

71.140 

101,158 

737 

119,191 



989, 377 



176, 770 

156, 063 

21, 456 

427 



21, 883 



154, 887 

175, 052 

2,132 



Manufac- 
turing 



Total man- 
ufacturing 



34, 023 



26, 583, 716 

207, 753 

81,167 

57. 304 

20, 072 

298, 889 

194, 010 
48, 266 



27, 491, 176 



19, 724, 317 

59, 346 

460, 341 

151, 988 

155, 867 

298, 761 

122, 507 

706, 678 

40, 954 

8,171 

3, 613, 867 



25, 342, 7c 



2, 148, 380 

1, 906, 104 

262, 466 

3,474 



265, 940 



1.882,440 

1,419,963 

100. 508 



For footnotes, see pp. 58-59. 



STATISTICS OF INCOME 



53 



by major industrial groups, showing number of returns, compiled receipts and com- 
excess-profiis tax, total tax, compiled net profit after deducting total tax, and divi- 



thousands of dollars] 

SHOWING NET INCOME 



Industrial groups— Continued 


Manufacturing— Continued 




Liquors and 














Food and 
kindred 
products 


beverages 
(alcoholic 
and nonalco- 
holic 


Tobacco 
products 


Textiles and 
their prod- 
ucts 


Leather and 
its manufac- 
tures 


Rubber 
products 


Forest 
products 




5, 374 


1,368 


131 


5,682 


976 


267 


1,812 


1 


6,831,178 


838. 160 


1, 009, 445 


2, 977, 642 


699, 762 


353, 271 


477, 140 


2 


37. 062 


3,338 


344 


25, 964 


1,649 


3,639 


3,680 


3 


15,578 


1,046 


2,207 


4,497 


1,474 


994 


2.015 


4 


7,923 


2,204 


665 


6,360 


541 


1,369 


1,802 


5 


2,818 


653 


848 


2,212 


220 


1,551 


727 


6 


49, 170 


4,751 


3,059 


20, 508 


4,589 


1,664 


4,137 


7 


30. Oi^S 


1,363 


6,675 


3,425 


801 


278 


834 


8 


5,433 


939 


3,659 


5,118 


583 


226 


709 


e 


6, 979, 249 


852, 455 


1, 026, 902 


3, 045, 726 


709, 618 


362, 981 


491, 044 


10 


5, 510, 499 


535, 037 


801, 163 


2, 356, 225 


568, 898 


240, 345 


356, 820 


11 


8,238 


699 


63 


15. 457 


453 


88 


1,134 


12 


58, 710 


15,468 


5,333 


79. 631 


15,341 


6,058 


15, 787 


13 


23. 884 


2,798 


1,068 


19, 978 


4,975 


6,130 


2,647 


14 


35, 770 


4,963 


3,187 


12.313 


2.024 


3,993 


4,603 


15 


54.110 


31, 037 


7,551 


30. 688 


4,064 


8,507 


6,923 


16 


16, 675 


6,785 


1,137 


9,285 


2,528 


1.939 


4,090 


17 


107, 186 


18, 393 


10, 582 


65, 760 


7,631 


13, 329 


13, 682 


18 


89 


64 


957 


39 


20 


8 


5,767 


19 


949 


518 


23 


1,775 


191 


81 


339 


20 


825, 290 


136, 744 


89, 208 


304, 430 


65, 740 


68, 024 


51, 498 


21 


6, 641, 400 


762 505 


920, 271 


2, 896, 481 


671, 766 


347, 503 


462, 291 


22 


337, 849 


99, 950 


106,631 


160, 246 


37, 852 


16,479 


28, 763 


23 


302, 328 


97, 648 


96, 296 


141. 702 


36, 468 


14, 976 


27, 210 


24 


41, 768 


13, 427 


13,241 


19, 506 


6,018 


2,094 


3,743 


26 


642 


401 


5 


290 


66 


20 


63 


26 


42,411 


13, 828 


13, 246 


19, 795 


5,084 


2,115 


3,807 


27 


295, 438 


86, 121 


93, 385 


130, 450 


32, 768 


13, 364 


24, 946 


28 


250, 571 


24, 291 


96, 163 


87, 402 


20, 786 


14, 238 


16, 713 


29 


8,940 


1,360 


968 


8,834 


1,208 


78 


714 


30 



54 



STATISTICS OF INCOME 



Table 2 (Table 13, Statistics of Income for 1933). — Corporation returns for 1934? 
piled deductions, compiled net profit or net loss, net income or deficit, income tax,. 
dends paid— Continued 

[Money figures in' 

PART II. RETURNS SHOWING 



Industrial groups— Continued 



Manufacturing— Continued 



Paper, 
pulp, and 
products 



Printing, 
publishing, 
and allied 
industries 



Chemicals 
and allied 
products 



Stone, 
clay, and 
glass prod- 
ucts 



Number of returns 

Receipts, taxable income: 

Gross sales • 

Gross receipts from other operations '... 

Interest -.- 

Rents 

Net capital gain. 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations.. 
Interest on tax-exempt obligations ' 

Total compiled receipts *... 

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 

Net capital loss ^ 

Other deductions 

Total compiled deductions 

Compiled net profit (10 less 22) 

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 



950, 331 
2,064 
2,495 
2,472 
509 
6,132 

2,699 
1,362 



968, 065 



652, 041 

362 

22, 931 

6,957 

11, 187 

11,764 

5,653 

42, 129 

725 

630 

128, 735 



883, 115 



84, 950 
80, 889 



11, 123 
211 



11, 334 



73, 616 

40, 919 

5,646 



4,490 



3.049 



1,214,823 

35, 100 

4,461 

7,273 

1,563 

13, 684 

8,453 
3,701 



3, 172, 747 

22, 086 

10, 847 

8.369 

2,440 

27,311 

79, 187 
fi.376 



1, 289, 058 



3, 329, 363 



766, 521 
14, 852 
53, 690 
19,880 
10, 465 
13, 007 
13, 522 
31, 027 
55 
673 

235, 746 



2, 063, 843 

3,749 

47, 196 

20, 860 

17, 658 

43, 209 

15, 734 

116,657 

29, 933 

584 

560, 345 



1, 159, 439 



2, 919, 7f 



129, 618 
117,465 



409, 594 
324, 031 



16, 148 
201 



44, 627 
543 



16, 350 



45, 170 



113, 269 
79, 154 
9,704 



364, 424 
286, 772 
31,916 



997 



583, 258 
5,583 
2,469 
1,291 
808 
5,635 

4,549 
1,547 



605, 139 



374, 789 

1,241 

12,320 

2,384 

4.473 

7,523 

3,766 

37, 175 

924 

611 

92. 088 



537, 293 



67, 846 
61,751 



8,491 
59 



8,550 



69,296 

42, 520 

2.188 



For footnotes, see pp. 58-59. 



STATISTICS OF INCOME 



55 



by major industrial groups, showing number of returns, compiled receipts and com- 
exc ess-profits tax, total tax, compiled net profit after deducting total tax, and divi- 



thousands of dollars] 

NET INCOME— Continued 



Industrial groups— Continued 




Manufacturing— Con. 


Construc- 
tion 


Transpor- 
tation and 
other public 
utilities 


Trade 


Service- 
Profes- 
sional, 
amuse- 
ments. 

hotels, etc. 


Finance- 
Banking, in- 
surance, real 

estate, 

holding 

companies. 

stock and 

bond brokers, 

etc. 


Nature of 
business 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




6,844 


1,825 


3,353 


9,808 


52,823 


11, 194 


27, 257 


188 


1 


6, 728, 717 
63, 226 
30, 227 
15, 310 

• 3, 299 
149, 835 

49, 774 
17,316 


747, 241 
4,017 
2,858 
1,735 
2,425 
8,413 

5,884 
1,298 


179,075 
381,031 
2,449 
2, 082 
2,070 
6,880 

1.287 
1.801 

676, 675 




22, 106, 979 

447, 143 

57,920 

47. 338 

9,853 

239, 687 

40, 588 
9,478 








2 


5. 532, 828 

71, 264 

53, 099 

4,226 

38, 682 

195, 093 
14, 754 


1, 604, 501 

4,986 

20,082 

2,026 

23, 948 

6,302 
1,117 


■o 1. 472, 293 

608.978 

300, 162 

51, 118 

117,995 

485, 721 
110,641 


601 

226 

75 

85 

972 

113 
19 


3 
4 

6 
6 

7 

8 
9 


7, 057, 706 


773, 871 


5, 909, 946 


22, 958. 986 


1. 662. 962 


3, 152, 908 


2,089 


10 


5,004,926 

11,835 

104, 668 

34, 453 

42, 221 

72, 854 

36, 136 

222, 062 

2,305 

1,538 

922, 470 


494, 211 

1,175 

24,207 

5,974 

3,011 

7,624 

5.254 

21, 164 

67 

259 

133, 550 


134,398 

263, 967 

26, 012 

3,162 

3,808 

3,669 

3,442 

18, 493 

191 

272 

84.478 




17, 585. 499 

194, 025 

393, 481 

368, 826 

76, 316 

135, 906 

118.956 

158, 700 

736 

3,769 

3, 202, 368 








11 


2, 449, 228 

48, 602 

89, 088 

533, 804 

392, 587 

23, 546 

621, 639 

6,902 

888 

615, 516 


568, 146 
78. 315 
80. 477 
29. 025 
32. 690 
10. 007 
54. 134 
48 
1,121 

693, 773 


"1 115,991 

11 118,381 

47,916 

210. 031 

108, 973 

50,609 

73.529 

1.265 

6,600 

12 1,364,936 


242 

149 
19 
26 
61 
19 

334 
3 
3 

196 


12 
13 
14 
16 
16 
17 
18 
19 
20 
21 


6, 455, 467 


696. 496 


541, 893 


4, 780, 800 


22, 238, 684 


1, 447. 736 


12 2, 098, 131 


1.050 


22 


602, 238 
535, 147 


77, 374 
70, 192 


34,783 
31. 694 


1. 129. 146 
919. 298 


720, 402 
670, 336 


115,226 
107, 807 


1,054,777 
452, 414 


1.039 
908 


23 
24 


73, 627 

787 


9,653 
184 


4,358 
190 


126, 600 
326 


92, 200 
2,076 


14. 863 
346 


62, 108 
715 


125 
2 


25 
26 


74, 414 


9,837 


4,548 


126, 926 


94, 276 


16.209 


62,823 


127 


27 


527, 825 

420, 815 

27, 133 


67, 538 
39, 630 

1,829 


30.234 
15, 174 
1,820 


1,002,220 626,126 

1, 119, 883 368, 809 

18,302 30.671 


100. 016 
55, 047 
3,120 


991, 954 

674, 978 

16, 503 


912 
10, 606 


28 
29 
30 











56 



STATISTICS OF INCOME 



Table 2 (Table 13, Statistics of Income for 1933). — Corporation returns for 1934, 
piled deductions, compiled net profit or net loss, net income or deficit, income tax, 
dends paid — Continued. 

[Money figures in 

PART III. RETURNS SHOW 



Number of returns 

Receipts, taxable income: 

Gross sales i 

Gross receipts from other operations ' 

Interest 

Rents 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations ' 

Total compiled receipts ' 

Deductions: 

Cost of goods sold * 

Cost of other operations 

Compensation of oflScers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax^ 

Bad debts 

Depreciation 

Depletion 

Net capital loss" 

Other deductions 

Total compiled deductions 

Compiled net loss (10 less 22) 

Deficit (23 plus 8 and 9) 

Excess-profits tax - 

Compiled net loss plus excess-profits tax (23 plus 25) 

Cash dividends paid 

Stock dividends paid 



Industrial groups 









Manufac- 








tiu-ing 


Aggregate 


Agricul- 
ture and 
related 


Mining 
and quarry- 








industries 


ing 


Total man- 
ufacturing 


324, 703 


7,331 


9,083 


57, 269 


24, 205, 810 


179, 541 


1, 114, 123 


12, 976, 067 


8, 872, 732 


40,533 


149, 014 


228,483 


1.859,009 


2,999 


11,256 


66,881 


1,089,075 


7,411 


12, 519 


52, 113 


138,337 


1,427 


8,340 


17. 026 


468,784 


5,089 


21.274 


114,842 


1, 276, 551 


4,135 


59, 413 


194, 628 


466,019 


693 


4,014 


15,586 


38, 376, 318 


241,828 


1, 379, 953 


13, 665, 625 


19, 281, 356 


135, 919 


838,299 


10. 292. 985 


4,996,114 


22,659 


84,038 


115, 756 


1,020,565 


10,309 


20.949 


293,464 


724,439 


3,416 


9.699 


141, 950 


2, 391, 384 


19, 174 


61,617 


211,338 


1, 146, 571 


12,810 


56, 036 


266, 960 


846, 185 


5,118 


11, 378 


128. 150 


1, 641, 406 


16, 158 


103, 744 


610. 139 


160, 318 


3.547 


83,364 


65, 941 


275,700 


15,490 


4,151 


28,369 


8, 330, 738 


77.671 


208,626 


2, 226, 548 


40, 814, 775 


322,272 


1,481,899 


14. 381, 601 


2, 438. 457 


80,444 


101,947 


715, 976 


4, 181, 027 


85,272 


165, 373 


926, 189 


38 


(13) 


2 


3 


2, 438, 495 


80,444 


101, 948 


715, 979 


1, 036. 781 


4,2^ 


91.081 


189, 696 


41,344 


197 


2.348 


4,188 



For footnotes, see pp. 58-59- 



STATISTICS OF INCOME 



57 



by major industrial groups, showing number of returns, compiled receipts and corn- 
excess- profits tax, total tax, compiled net profit after deducting total tax, and divi- 



thousands of dollars] 

ING KO 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 prod- 
ucts 


Forest prod- 
ucts 




7,150 


1,540 


245 


9,741 


1,368 


340 


4.725 


1 


1, 335, 429 


201,518 


36, 020 


2, 136, 841 


318, 721 


358, 780 


573,530 


2 


16, 579 


2,397 


23 


44, 792 


1,796 


2,379 


13. 074 


3 


2,755 


355 


60 


3.323 


456 


3,338 


3.197 


4 


4,189 


1,898 


75 


6,019 


626 


7,882 


3.728 


5 


675 


155 


24 


2.181 


180 


252 


1.948 


6 


6,920 


1,316 


162 


13. 758 


2,088 


2,569 


8,017 


7 


4.763 


266 


20 


2,738 


250 


18,298 


1,574 


8 


389 


250 


54 


975 


149 


471 


573 


9 


1,371,699 


208, 154 


36,438 


2, 210. 626 


324, 266 


393.969 


605,641 


10 


1,058,767 


141, 104 


28, 807 


1,864,039 


278, 600 


283,924 


458, 114 


11 


9,726 


1,256 


5 


31. 332 


1,133 


64 


8,123 


12 


27, 405 


5,385 


1,433 


60, 347 


8,976 


2,545 


21,084 


13 


13, 607 


1,596 


290 


21.683 


3,763 


4,574 


4,931 


14 


16, 350 


2,815 


268 


20.919 


2,645 


7,779 


17,815 


15 


15,489 


10, 745 


632 


25. 439 


2,158 


4,359 


14, 751 


16 


9,551 


2,969 


289 


9.694 


1,880 


1,564 


9.309 


17 


39, 536 


7, 575 


511 


57. 273 


4,329 


15.623 


27. 867 


18 


81 
2,966 




5 
19 


106 
6,258 


23 

348 




12. 833 

2.886 


19 


1,776 


2.198 


20 


224, 200 


48, 139 


6.190 


234, 737 


37, 557 


63. 135 


102, 489 


21 


1,417,677 


223, 361 


38,449 


2,331,827 


341,412 


385. 766 


680. 202 


22 


45, 978 


15, 207 


2.012 


121,201 


17. 146 


i* 8. 203 


74. 561 


23 


51,130 


15, 723 
1 


2,086 


124, 914 

(13) 


17, 545 


10, 566 


76, 708 


L4 
'"I 


45, 978 


15,208 


2,012 


121,201 


17. 146 


n 8. 203 


74,r61 


26 


8,122 


1,217 


305 


11.617 


1,491 


5,759 


16. 698 


27 


96 


97 




523 


184 




255 


?8 









58 



STATISTICS OF INCOME 



Table 2 (Table 13, Statistics of Income for 1933). — Corporation returns for 1934, 
piled deductions, compiled net profit or net loss, net income or deficit, income tax, 
dends paid — Continued 

[Money figures in 



PART III. RETURNS SHOWING 



Number of returns- 



Receipts, taxable income: 

Gross sales i 

Gross receipts from other operations '.. 

Interest— 

Rents 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations. 
Interest on tax-exempt obligations ' 



Total compiled receipts *. 



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 

Net capital loss ' 

Other deductions 



Total compiled deductions. 



Industrial groups — Continued 



Compiled net loss (10 less 22) 

Deficit (23 plus 8 and 9) 

Excess-profits tax » 

Compiled net loss plus excess-profits tax (23 

plus 25) - 

Cash dividends paid 

Stock dividends paid 



Manufacturing— Continued 



Paner ' Printing, 
pff and P^^^^hi^l 

Droducts ^°^ ^"'^^ 
proQucts industries 



1,032 



329, 817 
2,529 
8,113 
1,748 
630 
2,652 

2,262 
760 



348,512 



265, 459 

415 

8,430 

4,635 

14,358 

7.171 

2,288 

19, 074 

832 

577 

50,670 



373.908 



25,396 
28,418 



25, 396 

3,669 

136 



491,492 

62,545 

1,373 

2,909 

663 

5,524 

6,954 
467 



571, 926 



354, 795 

39. 614 

34, 874 

14,625 

9.761 

4,491 

10, 521 

17,531 

12 

732 

141, 702 



628, 659 



56, 732 
64,153 



56,732 

2,815 

48 



Chemicals I Stone, clay, 
and alUed and glass 
products products 



4,559 



3,112,033 
38.997 
18, 756 
10, 415 
5,120 
23,815 

116, 438 
2,355 



3, 327, 930 



2, 321, 299 

9,638 

19,350 

36, 369 

40, 177 

107, 706 

21,646 

174, 494 

48,871 

3,251 

604,878 



227,147 
3,424 

997 
1,354 

426 
2,419 

191 
565 



236,522 



165, 533 

2,067 

10,938 

1,985 

8,489 

6,069 

3,878 

23,977 

827 

522 

48,007 



3, 387, 679 



59, 750 
178,543 

(13) 

59,750 

76, 651 

150 



272,293 



35,771 
36.527 

(13) 

35, 771 

2,346 

181 



> Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deduc- 
tions." 

■ Gross receipts from operations where inventories are not an income-determining factor. For "cost of 
other operations.'" see "deductions." 

3 Includes obligations of States and Territories or minor political subdivisions, securities issued imder the 
Federal Farm Loan Act, and obligations of the United States or its possessions. 

» Excludes gross receipts from sale of capital assets. Excludes nontaxable income other than interest on 
tax-exempt obligations and dividends on stock of domestic corporations as reported in Schedule L of the 
return. 

5 Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11. 

« Excludes taxes tabulated under "cost of goods sold." 



STATISTICS OF INCOME 



59 



by major industrial groups, shoiving number of returns, compiled receipts and com- 
excess-profits tax, total tax, compiled net profit after deducting total tax, and divi- 



thousands of dollars] 

NO NET INCOME— Continued 



Industrial groups— Continued 




Manufacturing— Con. 


Construc- 
tion 


Transpor- 
tation and 
other public 
utilities 


Trade 


Service — 
Profes- 
sional, 
amuse- 
ments, 
hotels, etc. 


Finance- 
Banking, 
insurance, 
real estate, 

holding 

companies, 

stock and 

bond 

brokers, etc. 


Nature of 
business 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




12,437 


3,767 


12, 588 


15, 671 


88,053 


34, 718 


98, 839 


1.251 


1 


3,438,818 

34,237 

21,756 

9,513 

3,901 

40,564 

39, 255 
8,096 


415, 921 
5.712 
2,401 
1,757 
872 
6,038 

1,618 
481 


334, 236 
323, 390 
4,311 
6,339 
2.045 
7,706 

3,879 
1,921 




9, 601, 843 

270, 994 

27.203 

37, 326 

4,645 

100, 512 

18,929 
7,515 








2 


4,942.446 

59. 763 

44. 233 

7,634 

31,905 

129, 058 
6,810 


1, 659, 321 

7,826 

104, 089 

4,830 

30, 196 

6,168 
1,188 


11 1, 266, 930 

1, 678. 645 

824.914 

92, 339 

167, 036 

859,949 
429,278 


2,621 

125 

133 

£0 

225 

392 
16 


3 

4 
6 
6 

7 

8 



• 3, 596, 142 


433,801 


683,826 


6,220,848 


10.068.966 


1, 813, 620 


6,298,091 


3,562 


10 


2, 752, 861 

10, 228 

75, 320 

27, 537 

65, 087 

62, 159 

49,129 

204,239 

2,242 

5,652 

572, 757 


319, 684 
2,155 

17, 377 
6,356 
4,876 
5,790 
6.432 

18. 107 

110 

1.182 

92,088 


277, 448 

263, 230 

43, 726 

7,416 

9,305 

6,768 

10. 205 

24. 586 

150 

2,005 

99, 669 




7,736,706 

115,475 

290, 546 

240, 392 

73, 968 

78. 740 

107, 372 

106, 442 

682 

10,093 

1, 631, 269 








11 


3,217,069 

38, 962 

69, 679 

832, 851 

313. 753 

19, 479 

383, 192 

4,844 

7,169 

841,880 


705,115 
84. 769 

135, 193 

146, 083 
91, 104 
33, 555 

148, 466 

216 

17, 525 

728,664 


Ji 470, 869 

" 237, 464 

116,519 

1,037,503 

320, 181 

629, 240 

248, 448 

1.663 

190, 472 

13 2, 513, 804 


1,912 

386 
174 
646 
219 

1,689 

244 

9 

427 

2,607 


12 
13 
14 
15 
16 
17 
18 
19 
20 
21 


3,827,211 


473, 157 


744, 507 


6,728,877 


10,391,685 


2,089,669 


13 5.666,063 


8,212 


22 


231,069 
278,421 

1 

231,070 

56, 303 

2,013 


39, 357 
41,456 

39,357 

2,703 

505 


60,681 
66,482 


508.029 

642, 896 

3 

608,032 

101,560 

2,964 


322,718 
349, 162 

1 

322,720 

29,925 

2,623 


276, 060 
283,406 

1 

276,061 
8,040 
1,050 


367.962 

1,657,190 

27 

397.990 
603,910 
27.746 


4,650 
6,058 


23 
24 


60,681 

8,223 

230 


4,650 
123 


26 
27 
?8 







' For limitation on amount of net capital loss that may be allowed see statement of provisions of Revenue 
Act of 1934, p. 2. 

8 Excess-profits tax of $37,540 appears on returns with no net income for income tax purposes, due to the 
credit for interest received on certain obligations of the United States and its instrumentalities, which is 
allowed against net income in the computation of the income tax, not being allowed against net income in 
the computation of the excess-profits tax. (See article 1(d) of Treasury Decision 4469. "Regulations 
relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.") 

• Deficit, compiled net loss, or compiled net loss plus total tax. 

1" Includes for a limited number of returns the cost of securities purchased for customers. 

11 Excludes compensation of oflficers of life insurance companies which file return, form 1120L. 

12 Includes special nonexpense deductions of life insurance companies. (See p. 5.) 

13 Less than $500. 

i« Compiled net profit. 



149581—37- 



60 



STATISTICS OF INCOME 



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STATISTICS OF INCOME 



61 



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62 



STATISTICS OF INCOME 



. 




<M CO 


M< LO t^ 00 




05 


.H CMCO ■* toco 


t^oOOlQ 






com 


COCOCO CO CO 




CO 


umber of 
returns 
owing no 
income 
ata— In- 
■tive cor- 
orations 


C»T(< 


CO "3 05 CM 


CM 





CO t>,^^ CM 05 00 


th on c> t^ 


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M* t^ CD to -^ t^ 


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r- 00 I2 


CO 


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g 


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cocor^ CO ■* 


to 


to 


10 oOTf CM 00 -a-o 


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O" -H-TPiO t-r-H~CM- 


of la'" 04" 10 


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CM •-4 


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1-H tooo to 050 


to to —ICO 




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t^T-H 


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to 


to 


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to 


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■w .«• .a-to 



STATISTICS OF INCOME 



63 



CO <oo c 



^ (M 



e*!'* CO 



t~CO lO 



COO CO 



cico >o 



t^ «3 M 



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ooco c^ 



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o>-<o 



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t~oo> 
lo'co'oT 



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rl O 



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t-CO CO 



CO CO >o t^ 



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66 



STATISTICS OF INCOME 



Table 4 (Table 15, Statistics of Income for 1933). — Returns of corporations sub 
assets and liabilities as of Dec. SI, 1934, or at close of fiscal year nearest thereto, 
or deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting 

[Money figures in 

[For text defining certain items and 







Industrial groups 




Aggregate 


Agriculture and 
related industries 


Mining and quarry- 
ing 




Net income 


No net 
income 


Net 
income 


Nonet 
income 


Net 
Income 


No net 
income 


1 


Number of returns with balance 
sheets.' 

Assets; ^ 

Cash 3. 


134, 964 


275, 662 


1,705 


5,741 


3,925 


7,437 


? 


7,114,717 
15, 286, 903 

8, 714, 965 

4, 655, 546 
30, 252, 141 

42, 679, 829 

5, 309, 733 


12, 846, 140 
25, 241, 975 

5, 596, 103 
14, 428, 224 
60, 321, 158 

60, 071, 666 
8, 787, 475 


49, 242 
53, 952 

72, 078 
30, 869 
147, 214 

377, 282 
25, 809 


18, 400 
118, 455 

115,417 

13, 180 

223, 433 

925,870 
80. 356 


151, 034 
293, 091 

150, 993 
109, 262 
520, 485 

2, 147, 407 
149, 088 


114, 434 
445, 160 

223, 487 

69, 357 

1, 439, 673 

3, 969, 037 
445, 635 


3 
4 


Notes and accounts receiv- 
able. 
Inventories 


6 
6 

7 
8 


Investments, ta.x -exempt *... 

Investments, other than tax- 
exempt.* 

Capital assets— Lands, 
buildings, equipment (less 
depreciation and depletion). 

Other assets 


9 


Total assets 


114,013.834 


187, 292. 743 


756, 446 


1,495,112 


3.521.359 


6. 706. 783 


10 
11 
12 


Liabilities: » 

Notes and accounts payable. 
Bonded debt and mortgages- 
Other liabilities 


10, 516, 209 
14,471,439 
18, 462, 664 
8, 578. 552 
38, 601, 543 
24, 774, 885 

1. 391. 458 


16, 504, 441 
34, 132, 841 
65, 633, 751 
11,397,543 
46, 368. 468 
24,211,427 

10. 955. 728 


95, 857 
33, 718 
44, 263 
15, 703 
393, 323 
201, 423 

27, 842 


352, 008 
210, 590 
131, 889 
69, 295 
749, 788 
275, 612 

294, 070 


348. 057 
182, 390 
285, 346 
104, 353 
1, 603, 131 
1, 231, 185 

233, 102 


951, 197 
856, 708 
463, 897 
343, 993 
3,314,493 
. 1, 588, 545 

812, 048 


13 
14 
16 

16 


Capital stock, preferred 

Capital stock, common 

Surplus and undivided prof- 
its. 
Less deficit 


17 


Total liabilities. 

Receipts, taxable income: 
Gross sales * 


114.01.3 834 


187. 292. 743 


756, 446 


1.49.5.112 


3 521. 359 


6. 706. 783 


1« 


49, 513, 538 
9, 393, 737 

816, 556 

482, 885 

99, 268 

752, 618 

918, 198 

192. 946 


23,311,405 
8,519,408 

1,823,931 

1,014,846 

134, 053 

454, 234 

1. 210, 704 

461, 852 


213,566 
59, 309 

2,273 
4,773 
1,106 
9,678 

1,416 

1,124 


166, 202 
36, 043 

2,801 
6,787 
1,384 
4,685 

3,853 

689 


1,011,163 
69, 860 

7,452 
10, .584 
12, 856 
22, 667 

16,283 

4,324 


995, 816 
107, 030 

10, 615 

12, 286 

7,405 

20, 730 

47, 551 

4,009 


19 


Gross receipts from other 

operations.' 
Interest 


?1 


Rents 


n 


Net capital gain 


?3 


Other receipts 


24 
25 


Receipts, tax-exempt Income: 
Dividends from domestic 

corporations. 
Interest on tax-e.xempt obli- 
gations. < 

Total compiled receipts ».- 
Deductions: 

Cost of goods sold* 


26 


62. 169, 745 


36. 930, 434 


293. 246 


222. 445 


1.1.55.188 


1, 205. 443 


?7 


37, 706, 271 

3, 623, 394 

1,133,154 

749, 798 

1,021,654 
999, 686 

331, 074 
1,701,230 

150, 515 

21, 359 

9, 418, 131 


18, 506, 723 

4, 819. 836 

968, 729 

688, 592 

2, 317, 106 
1, 108, 364 

820, 215 

1, 588. 851 

152, 868 

236, 338 

7, 994, 272 


135, 129 
6,200 
6,310 
11, 846 

3,890 
8,689 

1,729 
15,887 

1,228 

130 

69, 734 


125, 649 

20, 226 

9,456 

3,043 

17, 953 
11,721 

4,020 
15, 458 

3,492 
14, 492 
70. 216 


592, 018 

15, 822 

20, 209 

7,676 

17, 150 
33, 571 

5,110 

70, 559 

100, 305 

721 

117,906 


728, 952 

60, 319 

20, 069 

9,152 

59, 730 
64, 443 

10, 736 

93.836 

76, 355 

2,863 

195, 906 


28 
29 
30 

31 


Cost of other operations 

Compensation of officers 

Rent paid on business prop- 
erty. 
Interest paid. 


32 
33 


Taxes paid other than in- 
come tax." 
Bad debts 


34 


Depreciation . 


3,') 


Depletion... 


3fi 


Net capital loss " 


37 


Other deductions 


38 


Total compiled deductions 

Compiled net profit or net loss 

(26 less 38). 
Net income or deficit 


56. 856. 267 


39, 201, 893 


260. 772 


296, 324 


981.047 


1.312.363 


39 

40 


5, 313, 478 

4. 202, 335 

578, 388 

7, 515 

585, 903 

4, 727, 576 

3, 796, 078 
172, 907 


IS 2, 271. 459 
>» 3, 944, 015 


32, 474 

29, 934 

4.111 

76 

4,187 
28, 287 

22, 112 
363 


" 73, 879 
'8 78, 422 


174, 141 

153, 535 

21, 109 

419 

21, 528 

152, 614 

174, 599 
2,132 


13 106, 919 
1» 158, 480 


41 


Income tax 


4? 


Exeess-proflts tax '^ 


37 

37 

i« 2, 271, 495 

1, 021, 454 
39.211 


(") 

(15) 

'« 73, 879 

4,219 
197 


2 

2 

n 106, 921 

90, 275 
2,348 


41 


Total tax... 


44 

4'i 


Compiled net profit less total tax 

(39 less 43). 
Cash dividends paid 


46 


Stock dividends paid 



For footnotes, see pp. 70-71. 



STATISTICS OF INCOME 



07 



initting balance sheets for 1934 by major industrial groups, showing number of returns, 

compiled receipts and compiled deductions, compiled net profit or net loss, net income 

tax, and dividends paid 

thousands of dollars] 

describing returns included, see pp. 1-4 and 11-18] 



Industrial groups— Continued 










Manufacturing 










Total manufacturing 


Food and Ifindred 
products 


Liquors and 

beverages 
(alcoholic and 
nonalcoholic) 


Tobacco products 


Textiles and their 
products 




Net 


No net 


Net 


No net 


Net 


No net 


Net 


No net 


Net 


No net 




income 


income 


mcome 


mcome 


mcome 


mcome 


mcome 


mcome 


mcome 


mcome 




33, 090 


62, 408 


5,140 


6,307 


1,318 


1,368 


128 


219 


6,594 


9,013 


1 


2,117,576 
4, 101, 356 


888, 335 
3, 381, 656 


315, 760 
648, 691 


38, 817 
149,472 


32, 339 
86, 791 


7,449 
26, 899 


84,409 
135, 236 


3, .509 
8,862 


181, 183 
368, 852 


100,413 
263, 325 


2 
3 


5, 058, 800 
1, 238, 866 
4, 229, 972 


3, 260, 354 

363, 854 

3, 824, 668 


880, 975 

99, 142 

663, 277 


136, 764 

7,302 

164, 558 


117, 227 
20, 171 
44, 932 


34, 965 

5,684 

19,330 


387, 980 
81, 909 
112, 304 


11, 235 
1,544 
2,393 


595, 360 
127, 120 
169, 429 


476, 127 
24, 671 
160, 434 


4 
5 
6 


10, 158, 955 


10, 291, 642 


1, 618, 330 


630, 853 


300, 474 


150, 564 


74,035 


7,956 


913,864 


941, 767 


7 


2, 030, 189 


1, 576, 415 


298. 053 


110,901 


46, 885 


29, 853 


104, 192 


6,019 


84, 712 


107, 035 


8 


28. 935, 715 


23, 586, 924 


4, 524. 228 


1, 238, 666 


648,818 


273. 845 


980, 065 


41,519 


2, 440, 521 


2, 073, 772 


9 


3, 056, 761 
1, 535, 475 
1, 808, 439 
3,294,616 
10, 808, 036 
8, 784, 341 


3, 710, 756 
2, 489, 125 
1,771,036 
2, 609, 133 

10,218,618 

4, 979, 334 


536, 727 
357,013 
282, 187 
609, 034 
1, 640, 195 
1, 157, 524 


255, 783 
173, 415 
93, 835 
142, 388 
533, 227 
208, 362 


127, 604 
26, 618 
45, 883 
30, 782 
196, 393 
226, 968 


56, 525 
40, 079 
21, 0.38 
19,629 
107, 026 
61, 755 


62, 649 
43,341 
51.333 
138, 685 
412, 329 
282, 851 


5,081 
1,143 
1,367 
7,014 
19,095 
13, 049 


278, 817 
44, 378 
148, 292 
282, 814 
943, 451 
778, 682 


366, 734 
146, 307 
154, 521 
314,484 
897, 033 
449, 173 


10 
11 
13 
13 
14 
15 


351. 954 


2, 191, 078 


58, 451 


168, 342 


5,430 


32, 208 


922 


5,231 


35, 913 


254. 480 


16 


28.935,715 


23. 586. 924 


4. 524. 228 


1. 238, 666 


648, 818 


273. 845 


980. 065 


41.519 


2, 440. 521 


2, 073, 772 


17 


26, 282, 953 
197, 508 


12, 759, 054 
211, 620 


6, 790, 788 
35, 928 


1, 294, 726 
13, 157 


817, 663 
3,273 


196, 567 
2,120 


1,002,221 
344 


35,548 
17 


2, 945, 940 
25,222 


2, 097, 395 
40,003 


18 
19 


79, 564 

56, 584 

18, 892 

297, 659 


66,402 

51,462 

16, 833 

113, 203 


15, 520 
7,891 
2,518 

48, 985 


2,638 

4,048 

658 

6,809 


1,039 

2,201 

644 

4,719 


353 
1,886 

153 
1,290 


2,142 

665 

848 

3,033 


60 

72 
24 
161 


4,460 

6,268 

2,209 

20,435 


3,301 

5,897 
2,120 
13,610 


20 

21 
22 
23 


184, 991 


180, 532 


30, 032 


3,671 


1,363 


256 


6,675 


14 


3,423 


2,067 


24 


48, 005 


15, 555 


5,430 


389 


933 


249 


3,659 


54 


4,992 


974 


26 


27, 166, 157 


13.414,660 


6, 937, 093 


1, 326. 097 


831, 835 


202. 872 


1, 019, 587 


35. 950 


3,012,951 


2, 165, 368 


26 


19, 491, 367 

56, 373 

456, 761 

148, 075 


10, 102, 929 
105, 885 
286, 092 
138, 635 


5, 478, 826 

7,454 

58, 268 

23, 720 


1, 025, 072 

7.360 

26, 431 

13, 184 


523, 014 

652 

15, 290 

2,750 


137,619 
1,089 
6,176 
1,520 


795, 185 

63 

5,333 

1,065 


28, 423 

3 

1,392 

276 


2, 330, 675 
14, 959 
79, 086 
19, 422 


1, 829, 078 
28,611 
58. 646 
20, 843 


27 
28 
29 
30 


154, 241 
295, 093 


208,012 
263, 807 


35,558 
53, 779 


15, 642 
14, 572 


4,920 
30, 778 


2,683 
10,368 


3,074 

7,489 


256 
616 


12, 162 

29, 877 


20, 687 
24, 949 


31 
32 


120, 820 

698, 708 

40, 918 

8,136 

3,581,105 


125, 065 

602, 323 

65, 614 

26, 471 

2, 186, 657 


16, 575 

106, 321 

89 

945 

819, 522 


9,381 

38, 227 

81 

2,865 
217, 814 


6,658 

18, 196 

64 

518 

134,317 


2,948 
7,388 

"'i,'759 
47, 010 


1,137 

10,582 

957 

23 

88, 214 


289 

608 

5 

17 

6,124 


9,202 

65, 083 

38 

1,767 

301, 858 


9,389 

56, 722 

106 

5,225 

227, 395 


33 
34 
35 
36 
37 


25, 051. 597 


14,111,489 


6. 601, 058 


1, 370, 627 


737, 157 


217. 560 


913, 123 


37, 909 


2. 864. 129 


2. 281, 650 


38 


2,114,560 


13 696, 828 


336, 035 


13 44, 530 


94, 678 


13 14, 688 


106, 466 


13 1, 959 


148, 822 


13 116,281 


39 


1, 881, 564 

259, 092 

3,451 

262, 544 

1, 852, 016 


13 892, 915 


300, 573 

41, 527 

641 

42, 168 

293,866 


13 48, 591 


92, 382 

12, 703 
395 

13, 099 
81, 579 


13 15, 193 

"i 

1 

i< 14, 689 


96, 130 
13, 218 
5 
13, 223 
93,241 


13 2, 028 
'i3"i,'959 


140, 407 

19, 327 

287 

19, 614 

129, 208 


13 119,323 


40 

41 


3 

3 

i< 696, 831 




(>») 

(15) 

i« 116, 282 


42 




43 


13 44, 530 


44 


1 , 390, 465 
100, 008 


187,609 
4,188 


245, 119 
8,440 


6,516 
96 


23, 931 
1.360 


960 
97 


95, 930 

958 


305 


86, 133 
8,834 


11,543 
523 


45 
46 



68 



STATISTICS OF INCOME 



Table 4 (Table 15, Statistics of Income for 1933). — Returns of corporations sub 
assets and liabilities as of Dec. 81, 1934, or at close of fiscal year nearest thereto, 
or deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting 

[Money figures in 



Number of returns with balance 

sheets, i 
Assets: ^ 

Cash 3... 

Notes and accounts receivable.. 

Inventories.. 

Investments, tax-exempt * 

Investments other than tax- 
exempt. ' 
Capital assets-Lands, buildings, 
equipment (less depreciation 
and depletion.) 
Other assets 

Total assets 

Liabilities: 2 

Notes and accounts payable 

Bonded debt and mortgages 

Liabilities. _ 

Capital stock, preferred.. 

Capital stock, common 

Surplus and undivided profits.. 
Less deficit 

Total liabilities.. 

Receipts, taxable income: 

Gross sales « ,.. 

Gross receipts from other opera- 
tions. ' 

Interest 

Rents 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic cor- 
porations. 
Interest on tax-exempt obliga- 
tions. * 
Total compiled receipts'... 
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. 10 

Bad debts 

Depreciation 

Depletion 

Net capital loss " 

Other deductions 

Total compiled deductions.. 

Compiled net profit or net loss (26 

less 38) . 

Net income or deficit 

Income tax 

Excess-profits tax >2 

Total tax 

Compiled net profit less total tax 

(39 less 43) . 

Cash dividends paid 

Stock dividends paid... , 



Industrial groups— Continued 



Manufacturing— Continued 



Leather and its 
manufactures 



Net in- 
come 



964 



46, 455 
107, 392 
151, 427 
18, 216 
33, 980 

96, 709 



37, 652 



491, 832 



47, 495 
8,074 
28, 404 
67, 785 
196, 946 
151, 250 
8,121 



491, 832 



687, 046 
1,649 

1,474 
537 
220 

4,586 

801 
583 



556, 893 
453 
15, 290 
4,973 
2,023 
4,038 

2,525 

7,357 

13 

191 

65, 631 



659, 388 



37, 508 

36, 124 

4,971 

66 

5,037 

32, 471 

20, 725 
1,208 



No net 
income 



1, 293 



11,169 
46, 863 
82, 683 
3,269 
16, 329 

71,410 



15, 941 



247, 664 



73, 995 
10, 782 
14, 745 
48, 075 
123,731 
33, 772 
57, 436 



247, 664 



314, 049 
1,610 

454 

620 

173 

2,050 

249 

149 



319, 354 



274, 260 
986 
8,824 
3,686 
2,617 
2,144 

1, 

4,296 

23 

287 

37, 094 



336, 075 



13 16, 721 
13 17, 119 



13 16,721 

1,491 
184 



Rubber products 



Net in- 
come 



28, 930 
73, 177 
107, 091 
6,054 
66, 272 

169, 074 



9,474 



520, 070 



35, 004 
59, 135 
26, 056 
101, 222 
197, 659 
109, 248 
8,253 



520, 070 



352, 742 
1,459 

992 
1,359 

900 
1, 

278 

225 



359, 620 



239, 901 
88 
5,058 
4,823 
3.993 
8,276 

1,939 

13, 329 

8 

80 

67,239 



344, 736 



14, 884 

14, 381 

2,013 

19 

2,032 

12, 852 
10, 686 

78 



No net 
income 



318 



17, 368 

133, 792 

90, 022 

13, 246 

173, 970 

178, 965 



20, 386 



627, 750 



60, 802 
138, 284 

47, 783 
189, 722 
172,749 

72, 360 

53, 950 



627, 750 



357, 293 
2,372 

3,337 

7,832 

252 

2,568 

18, 298 

471 



392, 424 



282, 794 
64 
2,525 
4,568 
7,773 
4,345 

1,529 
15, 620 



2,198 
62, 443 



383, 859 



8,565 
13 10, 204 



8,565 
5,759 



Forest products 



Net in- 
come 



1,773 



36, 047 
98, 798 
119,898 
20, 810 
77, 454 

265, 191 



29,945 



648, 143 



75, 118 
32, 149 

39, 703 

40, 902 
272, 240 
205, 964 

17, 933 



648, 143 



474, 347 
3,467 

2,009 

1,791 

720 

4,123 

834 

709 



488.000 



353. 604 
1,031 
15, 652 
2,627 
4,577 
6,893 

4,069 
13, 629 

5,760 

339 

51, 179 



459, 361 



28,639 

27, 096 

3,728 

63 

3,791 

24,848 

16, 703 
714 



For footnotes, see pp. 70-71 



STATISTICS OF INCOME 



69 



mitting balance sheets for 1934 by major industrial groups, shelving number of returns, 
compiled receipts and compiled deductions, compiled net profit or net loss, net income 
tax, and dividends paid — Continued 
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 



1,188 



No net 
income 



Net in- 
come 



975 



4,265 



No net 
income 



Net in- 
come 



6,76; 



No net 
income 



Net in- 
come 



4,064 



966 



Nonet 
income 



Net in- 
come 



2,545 



6,744 



No net 
income 



11, 681 



74, 826 
121,514 
155, 650 

30, 409 
112, 759 

606, 745 

82, 839 



19, 976 

140, 651 

69, 147 

13, 683 

364, 400 

370, 854 

47, 787 



104, 481 
261, 063 
99, 295 
86, 378 
188, 249 

437, 155 

358, 808 



23, 149 
196, 533 

62, 375 

6,381 

106, 622 

251, 233 

159, 716 



288, 752 
628, 501 
653, 950 
141, 002 
1, 039, 447 

1, 717, 392 

320, 946 



204, 992 
1, 087, 345 

635, 002 

31,145 

1, 359, 043 

2, 634, 824 

195, 382 



80, 819 
100, 989 
134, 800 

44,011 
152, 703 

513, 121 

49, 872 



26, 750 
55, 314 
84, 084 
11,376 
47, 155 

507, 348 

48, 856 



782, 967 
1, 306, 052 
1,469,814 

533, 054 
1, 458, 692 

3, 199, 597 

483, 036 



361, 921 
973, 800 

1, 252, 318 
223, 168 

1, 092, 047 

3, 369, 182 
641,009 



1, 184, 740 



1, 026, 498 



1, 535, 429 



796, 010 



6, 147, 733 



1, 076, 316 



780, 882 



9,233,211 



7,913,446 



105, 463 
113, 407 
49, 942 
153, 993 
474, 206 
296, 865 
9,136 



122, 006 
146, 947 

80, 889 
199, 863 
330, 130 
189, 213 

42, 550 



144, 122 
103, 046 
105, 199 
126, 694 
468, 649 
617, 592 
29, 872 



187, 474 
118,231 
68, 530 
71, 355 
265, 294 
232, 308 
147, 181 



569, 206 

136, 836 

288, 050 

444, 809 

2, 061, 174 

1,331,520 

41, 606 



1, 159, 212 
544, 086 
464, 806 
178, 159 
2,893,811 
1,311,874 
404, 214 



86, 079 
31, 609 
61,C94 
125, 651 
480, 265 
301, 479 



87, 828 
111,590 

51,671 
142, 370 
377, 298 
121,872 
111,747 



885, 004 

560, 140 

597, 257 

1, 090, 033 

3, 193, 766 

3, 024, 486 

117,475 



957, 226 

817, 867 

541,410 

1, 080, 296 

3,405,511 

1, 667, 455 

556, 318 



1, 184, 740 



1, 026, 498 



1,535,429 



796, 010 



4, 789, 989 



6, 147, 733 



1,076,316 



780, 882 



9,233,211 



7,913,446 



942, 964 
2,062 

2,481 

2,469 

500 

6,074 

2,676 

1,310 



321, 580 
2,350 

8,095 

1,739 

625 

2,578 

2,262 
760 



1, 194, 402 
32, 921 

4,417 
7,236 
1,561 
13, 620 

8,382 

3,695 



466, 226 
58, 244 

1,330 

2,860 

607 

5,138 

6,719 

466 



3, 050, 413 
19, 202 

9,591 

7,888 

2,319 

26, 888 

70, 387 

6,314 



3, 063, 610 
38, 197 

18, 681 

10, 367 

5,106 

23, 604 

116,393 

2,355 



576, 088 
5,479 

2,438 

1,287 

808 

5,551 

4,547 

1,546 



220, 959 
3,157 

922 
1,290 

417 
2,238 

190 

565 



6, 704, 852 
62, 838 

30, 150 

15, 257 

3,231 

149, 744 

49, 709 

17,311 



3, 413, 303 
32, 903 

21, 667 
9,425 
3,882 

40,310 

27, 230 
8,070 



960, 534 



339, 988 



1, 266, 234 



541, 591 



3, 193, 002 



3, 278, 313 



597, 746 



229, 739 



7, 033, 092 



3, 556, 791 



646, 837 

362 

22, 779 

6,877 

11, 164 

11,690 

5,627 

41,847 

725 

629 

127, 645 



258, 477 
354 
8,347 
4,497 
13,829 
6,982 

2, 283 

18, 529 

828 

518 

49, 725 



754, 234 
13, 882 
52, 696 
19, 619 
9,903 
12,875 

13, 383 

30, 513 

55 

673 

230, 083 



332, 465 
37, 219 
33, 342 
13,814 
9, 306 
4,347 

9,983 

16, 778 

12 

520 

136, 476 



1,963,030 
3,625 
46, 982 
19, 625 
17, 290 
41, 829 

14, 667 
112,976 

29, 931 

571 

552,415 



2, 278, 302 
9,232 
18, 872 
36, 076 
39, 726 
107, 291 

21, 261 
172, 617 

48, 726 

3,217 

598, 283 



371,419 
1,159 
12, 173 
2,375 
4,409 
7,385 

3,738 

36, 392 

906 

609 

90, 524 



161, 060 
1, 909 
10, 597 
1,939 
8,250 
5,962 

3,821 
23, 247 

655 

508 

46, 525 



4, 986, 274 
11,740 
104, 130 
34, 262 
42, 177 
72, 597 

36, 066 

221, 360 

2,305 

1, 532 

919, 551 



2, 727, 736 
9,299 
74, 269 
27, 209 
64,717 
61, 878 

48, 092 

202, 894 

2,237 

5,452 

566, 903 



876, 184 



364, 369 



1,137,916 



594, 262 



2, 802, 941 



3, 333, 601 



531, 089 



264, 474 



6, 431, 994 



3, 790, 685 



84, 350 

80, 364 
11,051 
209 
11,260 
73, 090 

40, 402 
5,646 



13 24, 381 
'3 27, 402 



13 24, 381 



3,653 
136 



128, 318 

116,241 

15, 980 

199 

16, 180 

112, 138 

78, 713 
9,704 



13 52, 671 
13 59, 856 



'3 52, 671 
2,811 



390, 062 

313, 360 

43, 160 

536 

43, 696 

346, 365 

270, 783 
31,916 



13 55, 288 
13 174, 037 



(16) 
(16) 

H 55, 288 

76, 651 
150 



66, 656 

60, 562 

8,327 

59 

8,387 

58, 270 

42, 499 
2,188 



13 34, 736 
13 35, 491 



(15) 
(15) 

i« 34, 736 

2,346 
181 



601, 098 

534, 078 

73, 480 

786 

74, 266 

526, 832 

419, 209 
27, 133 



13 233, 894 
13 269, 194 



1 

1 

>« 233, 895 

56, 236 
2,013 



70 



STATISTICS OF INCOME 



Table 4 (Table 15, Statistics of Income for 1933). — Returns of corporations sub 
assets and liabilities as of Dec. 31, 1934, or at close of fiscal year nearest thereto, 
or deficit, income tax, excess-profits tax, total tax, compiled net profit after deducting 

[Money figures in 







Industrial groups— Continued | 




Manufacturing- 
Continued 


Construction 


Transportation and 
other public utilities 




Manufacturing 

not elsewhere 

classified 




Net 
income 


No net 
income 


Net 
income 


No net 
income 


Net 

income 


No net 
income 


1 


Number of returns with balance sheets ' 
Assets: 2 

Cash' 


1,778 


3,452 


3,154 


10, 928 


8,762 


12, .503 


?. 


60, 609 
164,301 
185, 333 

30, 590 
110,475 

247, 269 
63, 774 


33. 621 
109, 205 
117,642 
7,971 
115, 166 

215, 555 
99, 488 


48, 812 
146, 223 
39, 124 
37. 147 
62,011 

169, 208 
69, 424 


61,482 
271, 343 
86, 175 
44, 351 
181, 624 

376,958 
105, 970 


704, 999 

1, 419, 335 

314,819 

135, 247 

4, 853, 746 

23. 506, 577 
1, 213, 038 


601, 186 

1, 240, 509 

313, 878 

133,910 

5, 412, 484 

26, 965, 499 
1, 645, 341 


3 
4 


Notes and accounts receivable 

Inventories 


5 
6 

7 

S 


Investments, tax-exempt * 

Investments, other than tax- 
exempt.' 

Capital assets— Lands, buildings, 
equipment (less depreciation 
and depletion). 

Other assets 




Total assets 


9 


862, 350 


698, 649 


571, 948 


1, 127, 903 


32, 147, 762 


36, 312, 807 




Liabilities: 2 

Notes and accounts payable 

Bonded debt and mortgages 

Other liabilities 


10 
11 
2 


113, 574 
19, 730 
85, 039 
82, 312 
270, 764 
299, 913 
8.981 


101. 409 
49, 197 
89, 680 
92, 254 
308, 726 
160, 274 
102,890 


100, 312 
43, 159 
73, 731 
30, 482 
190, 552 
152. 788 
19, 076 


291, 640 
88, 095 
197, 928 
66, 294 
419.425 
224, 403 
1.59, 882 


1,405,412 
9,809,710 

1, 591, 184 

2, 259, 779 
12, 599, 987 

4, 671, 352 
189, 662 


2, 502, 421 
16, 844, 318 

3, 391, 672 
1. 812, 458 

10, 458, 636 
3,981,714 
1, 678, 412 


13 


Capital stock, preferred 


.4 


Capital stock, common. 


15 
Ifi 


Surplus and undivided profits 

Less deficit 




Total liabilities 


7 


862. 350 


698, 649 


571, 948 


1, 127. 903 


32, 147, 762 


36. 312, 807 




Receipts, taxable income: 
Gross sales « 


18 


743, 488 
3,663 

2,851 
1,735 
2,414 
8,237 

5,884 

1,297 


410, 140 
5,400 

2,373 

1,741 

872 

4,955 

1,609 

478 


176, 151 
375, 316 

2,427 
2,049 
1,985 
6,732 

1,277 

1,787 


320, 720 
305, 861 

4,223 
6,041 
1,998 
7,500 

3,872 

1,897 






19 
20 


Gross receipts from other opera- 
tions.' 
Interest 


5,488,476 

70, 807 
52, 641 
4,046 
38, 364 

195, 038 

14, 746 


4,861,890 

55, 355 

43. 327 

7,527 

30, 497 

128, 943 

5,780 


21 


Rents 


22 


Net capital gain 


23 


Receipts 


24 
25 


Receipts, tax-exempt income: 

Dividendsfrom domestic corpora- 
tions. 
Interest on tax-exempt obliga- 
tions.* 

Total compiled receipts ' 

Deductions: 

Cost of goods sold » 


26 


769, 568 


427, 567 


567. 725 


652,112 


5,864.117 


5,133.319 


27 


491. 476 

905 

24, 024 

5,937 

2,991 

7,583 

5,234 

21, 121 

67 

2.59 

132, 926 


314,827 
1,885 
16, 941 
6,187 
4,793 
5,710 

5,108 

17, 807 

109 

1.148 
90. 235 


132.213 

260, 446 

25, 402 

3,079 

3,728 

3,622 

3,423 

18, 323 

189 

269 

82, 808 


266, 559 

250, 229 

41,117 

7,052 

8,984 

6,538 

9,951 

23, 648 

1.50 

1,929 
93,163 






28 


Cost of other operations 


2, 427. 879 

47, 664 

88, 572 

532, 532 

390, 972 

23. 468 

615, 484 

5,892 

851 

609, 699 


3, 165. 764 

36, 475 

67, 210 

819,235 

311, 038 

18.676 

371,631 

4,820 

6,688 

822. 063 


29 


Compensation of officers 


JO 


Rent paid on business property... 
Interest paid 


32 
?3 


Taxes paid other than income 

tax.'" 
Bad debts 


14 


Depreciation 


15 


Depletion 


36 


Not capital loss " 


37 


Other deductions 


38 


Total deductions 


692, 522 


464. 749 


533 ,502 


709. 321 


4.74.3.013 


5, 623, 601 


39 
(0 


Compiled net profit or net loss (26 

less 38). 
Net income or deficit .. 


77, 046 

69, 865 

9,608 

183 

9,792 

67, 254 

39, 630 
1,829 


13 37, 183 
13 39, 269 


34, 223 

31,158 

4,285 

184 

4,469 

29, 754 

15, 039 
1.820 


"3 57. 209 
13 62, 978 


1, 121, 104 

911,320 
125, 504 
314 
125,817 
995. 287 

1,111,136 
18, 302 


13 490, 282 
13 625, 005 


11 


Income tax... 


12 


Excess-profits tax " 


(U) 
(U) 

i< 37, 183 

2,658 
505 




3 
3 

'< 490, 285 

101, 376 
2,964 


13 


Total tax 




14 

15 


Compiled net profit less total tax (39 

less 43). 
Cash dividends paid 


" 57, 209 

8,223 
230 


16 


Stock dividends paid 



' Excludes returns for inactive corporations and returns with fragmentary balance sheet data. 

' See text, pp. 13-18. ' Includes cash in till and deposits in bank. 

< Includes obligations of States and Territories or miuor political subdivisions, securities issued under 
the Federal Farm Loan Act, and obligations of the United States or its possessions. » See text. p. 15. 

• Gross sales where inventories are an income-determining factor. For "cost of goods sold" see "deduc- 
tions." 

' Gross receipts from operations where inventories are not an income-determining factor. For "cost of 
other operations," see "deductions." 

' Excludes gross receipts from sale of capital assets. Excludes nontaxable income other than interest 
on tax-e.xcmpt obligations and dividends on stock of domestic corporations as reported in Schedule h of the 
return. • Includes ta.\es which are reported in "cost of goods sold." For method of tabulation, see p. 11. 



STATISTICS OF INCOME 



71 



mitting balance sheets for 1934 by major industrial groups, showing number of returns, 
compiled receipts and compiled deductions, compiled net profit or net loss, net income 
tax, and dividends paid — Continued 

thousands of dollars] 



Industrial groups— Continued 


"■" 


Trade 


Service— Professional, 
amusements, hotels, etc. 


Finance— Banking, in- 
surance, real estate, 
holding companies, 
stock and bond brok- 
ers, etc. 


Nature of business 
not given 




Net income, N^^e"- 


Net income 


No net in- 
come 


Net income 


No net in- 
come 


Net in- 
come 


Nonet 
income 




50, 466 


76,991 


9,661 


27,510 


24.088 


81, 447 


113 


697 


1 


921, 481 
3, 086, 059 
2, 947, 079 

254, 697 
1, 249, 688 

2, 029, 418 
534, 091 


329, 373 

1, 700, 453 

1, 427, 195 

55, 545 

706, 873 

1, 668, 202 
523, 974 


126, 886 
259, 003 
102, 522 
32,388 
213, 203 

1, 151, 775 
192, 601 


119.590 

338. 241 

63,422 

23,695 

407, 654 

4, 295, 527 
444. 766 


2, 989, 920 
5, 923, 769 
27,905 
2, 816, 814 
18, 972, 145 

3, 129, 768 
1,094,374 


10,711,941 
17, 716, 385 
105, 629 
13, 724, 181 
48, 112, 656 

11, 559, 195 
3, 954, 971 


4,766 
4,115 
1,645 
257 
3,677 

9,440 
1,119 


1,400 

29,772 

544 

151 

12,093 

19, 735 
10,049 


2 
3 
4 
5 
6 

7 
8 


11,022,514 


6,411,616 


2, 078, 377 


5, 692, 894 


34, 954, 694 


105, 884. 958 


25, 019 


73, 745 


9 


2, 834, 676 
367, 309 
628, 029 
766, 532 
3, 913, 945 
2, 781, 870 
269, 848 


2,116,523 

525, 069 

464, 167 

648, 896 

2, 724. 201 

1, 048, 674 

1,115,915 


284, 951 
433, 863 
168, 256 
135, 904 
625, 705 
482, 757 
53, 059 


881, 360 
2, 570, 307 
674, 046 
442, 845 
1, 500, 462 
525, 773 
901, 897 


2,376,077 
2, 065, 633 
13. 861, 820 
1.971,015 
8, 450, 581 
6, 465, 428 
235, 859 


5, 655, 085 
11, 545, 563 
58, 522, 537 

5, 396, 469 
16, 920, 512 
11, 576, 233 

3, 731, 442 


14, 105 
182 
1,596 
168 
16,285 
3,739 
11,056 


43, 450 
3,067 
16, 581 
8.159 
62, 333 
11. 139 
70. 985 


10 
11 
12 
13 
14 
15 
16 


11,022,514 


6,411,616 


2, 078, 377 


5, 692, 894 


34, 954, 694 


105, 884, 958 


25, 019 


73. 745 


17 


21,829,704 
436, 184 

67, 516 

46. 905 

9,740 

237, 633 

40, 263 

9,470 


9, 069, 612 
245, 443 

26. 192 

35. 686 

4,493 

96,442 

17, 110 

7,496 














18 


1, 473, 005 

4,896 
19, 463 

1,941 
23,681 

6,293 

1,115 


1, 656, 026 

7,515 
96, 688 

4,604 
28,875 

6,661 

1,160 


i« 1, 293, 807 

591,465 
289. 817 
48, 668 
115, 335 

472, 540 

112, 361 


16 1, 194, 477 

1, 650, 731 
702. 468 
89, 774 
152, 135 

823,126 

425, 251 


272 

156 
69 
36 

870 

98 
13 


1,018 

97 
101 

35 
167 

55 

15 


19 

20 
21 
22 
23 

24 

25 


22, 667, 415 


9, 502, 474 


1, 530, 393 


1, 700, 529 


2, 923, 992 


5, 097. 962 


1,512 


1,489 


26 


17, 355, 545 
189, 583 
387, 101 
365. 130 
75, 413 
134, 221 

117,265 

157, 083 

725 

3,710 

3, 168, 640 


7, 282, 633 
100, 466 
273, 489 
226. 874 
70, 942 
74, 749 

102. 964 

102, 197 

677 

8,330 

1, 657, 396 














*>? 


555, 018 
74, 743 
78, 847 
28,709 
32, 083 

9.836 

53, 426 

40 

1,110 

583. 724 


655, 012 
76,235 
125, 695 
140,417 
87,249 

32.564 

143, 289 

202 

15, 253 
681, 066 


'« in,924 

1' 114, 927 

46. 559 

205, 968 

101, 384 

49, 405 

71,442 

1,217 

6,431 

1,204,382 


i« 461, 157 

1» 225, 663 

110,829 

991, 553 

298, 698 

515, 202 

236, 274 

1.547 

160, 094 

18 2, 386, 145 


151 
37 
14 
22 
50 

19 
318 


778 
134 
103 
281 
121 

438 

194 

9 

217 

1,660 


28 
29 
30 
31 
32 

33 
34 
3") 


2 
134 


36 
37 


21, 954, 415 


9, 800. 715 


1, 417. 536 


1. 956. 983 


18 1.913,638 


i» 5. 387. 161 


747 


3,935 


38 


712, 999 

663, 267 

91,230 

2,047 

93,277 

619, 722 

365, 148 
30. 665 


13 298, 242 
» 322, 848 


112, 858 

105, 450 

14, 539 

330 

14, 869 

97, 989 

54, 566 
3,120 


13 256, 453 
«3 263, 275 


1, 010, 355 

425, 454 

58, 427 

693 

59, 121 

951, 234 

661, 663 
16, 497 


13 289, 199 
13 1, 537, 676 


765 

654 
90 

92 
673 

1,350 


13 2, 446 
13 2, 517 


39 

40 
41 


1 

1 

n 298, 243 

27,306 
2,619 


1 

1 

" 256, 455 

8.003 
1,049 


27 

27 

H 289, 225 

594, 344 
25, 617 




4'> 




43 


13 2, 446 
99 


44 

46 
46 



i" Excludes taxes tabulated under "cost of goods sold." 

11 For limitation on am ount of net capital loss that may be allowed, seestatement of provisions of Revenue 
Actof 1934. p. 2. 

» Excess-profits tax of $36,940 appears on returns submitting balance sheets with no net income for in- 
come tax purposes, due to the credit for interest received on certain obligations of the United States and 
its instrumentalities, which is allowed against net income in the computation of the income tax, not being 
allowed against net income in the computation of the excess-profits tax. (See article 1(d) of Treasury 
Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act 
of 1934.") 13 Deficit or compiled net loss. i* Compiled net loss plus tax. u Less than $500. 

i« Includes for a limited number of returns the cost of securities purchased for customers. 

" Excludes compensation of officers of life insurance companies which file return form 1120L. 

'' Includes special nonexpense deductions of life insurance companies. (See p. 6.) 



72 



STATISTICS OF IXCOME 



Table 5 (Table 16, Statistics of Income for 1933). — Returns of corporations 
assets a7id liabilities as of Dec. 31, 1934, or at close of fiscal year nearest thereto, 
come or deficit, income tax, eoacess-'profits tax, total tax, compiled net profit after 

[Money figures and total assets 

[For text defining certain items and 
PART I. ALL RETURNS 



Number of returns with balance sheets ' 

Assets: ' 

Cash » 

Notes and accounts receivable 

Inventories .- 

Investments, tax-exempt * 

Investments other than tax-exempt ^ 

Capital assets— Lands, buildings, equipment Oess de- 
preciation and depletion). 
Other assets 

Total assets 

Liabilities: ^ 

Notes and accounts payable 

Bonded debt and mortgages. 

Other liabilities 

Capital stock, preferred - 

Capital stock, cormnon , 

Surplus and undivided profits - 

Less deficit 

Total liabilities 

Receipts, taxable income: 

Gross sales « — 

Gross receipts from other operations ' 

Interest.- 

Rents 

Net capital gain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations * 

Total compiled receipts s 

Deductions: 

Cost of goods sold ' 

Cost of other operations 

Compensation of oflJcers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax i' 

Bad debts.. 

Depreciation 

Depletion 

Net capital loss " 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss (26 less 38) 

Net income or deficit 

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 



410, 626 



19, 960, 857 
40, 528, 879 
14,311,068 
19, 083, 771 
90, 573, 299 
102,751,495 

14, 097, 209 



301, 306, 577 



27. 020, 650 
48, 604, 281 
84,096,415 
19, 976, 094 
84,970,011 
48, 986, 312 
12, 347, 186 



301, 306, 577 



72, 824, 942 
17.913,145 
2, 640, 487 
1, 497, 731 
233, 322 
1, 206, 852 

2, 128, 902 
654, 798 



99, 100, 179 



Under 50 



56, 212, 994 
8, 443, 230 
2, 101, 883 
1, 438, 390 
3, 338, 760 
2, 108, 050 
1,151,289 
3, 290, 081 
303, 383 
257, 697 

17,412,403 



96, 058. 159 



3, 042, 020 

258, 320 

578, 388 

7,552 

585, 940 

2, 456, 080 

4, 817, 531 

212,117 



223,073 



301, 838 
960, 796 
730, 283 
18, 192 
155, 045 
1, 494, 680 

376, 696 



4, 037, 529 



1, 497, 625 
418, 966 
413, 025 
180, 184 

2, 842, 729 
461, 822 

1, 776, 822 



4, 037, 529 



6, 734, 492 
1, 659, 279 
17,611 
86, 408 
10,485 
72, 794 

4,996 
1,505 



8, 587, 569 



5, 372, 265 

885, 430 

556, 596 

274,947 

55, 397 

73,546 

76,308 

127, 159 

3,710 

29,250 

1, 383, 263 



8, 837, 868 



13 250, 299 

13 256. 800 

13,864 

715 

14, 579 

13 264, 878 

91, 575 

2,502 



50 to 100 



57,840 



242. 845 
892, 807 
581, 608 
32, 494 
245, 096 
1, 777. 261 

348, 339 



4, 120, 449 



1,061,837 
547. 375 
382. 264 
201, 382 

2,124,589 
579, 010 
776,009 



4, 120, 449 



4, 500, 487 

738, 353 

21, 237 

79, 746 

6,247 

50,099 

3,521 
1,897 



5, 401, 588 



3, 585, 559 

394, 017 

255, 137 

105, 323 

54,946 

59, 946 

55, 563 

96.859 

4.133 

10, 840 

826, 473 



5, 448, 796 



13 47, 208 

1! 52. 627 

13, 877 

595 

14, 473 

"61,681 

43. 776 

2,723 



For footnotes, see pp. 76-7 



STATISTICS OF INCOME 



73 



submitting balance sheets for 1934 ^V total assets classes, showing number of returns, 
compiled receipts and compiled deductions, compiled net profit or net loss, net in- 
deducting total tax, and dividends paid 

classes in thousands of dollars] 

describing returns included, see pp. 1-4 and 11-18] 
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 




58, 186 


28, 673 


18,339 


18,499 


2,844 


2,411 


761 


1 


566. 272 


693,070 


922, 931 


2, 665, 714 


1, 322. 666 


3,323,322 


9, 922, 199 


? 


1. 835, 432 


1,886,018 


2,248,304 


6, 235. 015 


2, 930, 753 


6,601,037 


16, 938. 717 


■\ 


1, 065, 401 


972, 824 


1, 075. 586 


2,571,011 


1,107,920 


2,324,677 


3. 881, 758 


4 


164, 704 


340, 841 


599, 594 


2,259,684 


1.143.000 


3,014,013 


11,511,250 


.") 


798, 337 


1, 209, 235 


1,971,141 


8,417,328 


5, 193. 524 


14, 634, 230 


57, 949, 363 


fi 


4, 080, 370 


4, 260, 970 


5, 175, 137 


14,093,551 


7,151.466 


16, 975, 491 


47, 742, 568 


7 


720, 419 


733, 253 


863, 546 


2, 360, 843 


939,835 


2, 532, 199 


5,222,078 


8 


9.230,934 


10,096,213 


12, 856, 239 


38, 603, 147 


19, 789. 164 


49,404,969 


153, 167, 932 


9 


1. 897, 758 


1.696,578 


1,922,655 


4,937,487 


2,215,371 


4, 642, 696 


7, 148, 643 


in 


1,399,487 


1,494,648 


1,764,099 


5,083,645 


2, 994, 186 


7, 868, 659 


27,033,2:5 


11 


1, 179, 701 


1, 833, 602 


2, 797, 584 


9, 279, 205 


4, 676, 183 


11,944,290 


51,590,561 


n 


548, 851 


664, 869 


923,408 


2,905,237 


1,474,926 


4,043,255 


9,033,982 


18 


4.067,162 


3, 835, 490 


4, 386, 918 


11, 665, 929 


5,525,098 


12, 855, 154 


37, 666, 942 


14 


1.431.652 


1, 735, 239 


2, 263, 742 


7, 290, 595 


3,847,712 


9,370.094 


22, 006, 445 


1,5 


1. 293. 677 


1,164.214 


1, 202, 167 


2,558,951 


944, 311 


1,319,179 


1,311,856 


16 


9, 230, 934 


10, 096, 213 


12, 856, 239 


38, 603, 147 


19, 789, 164 


49, 404. 969 


153, 167, 932 


17 


7.088,168 


5, 804, 922 


5, 975, 184 


12,868,765 


5,109,086 


10,352,255 


14,391,582 


18 


1,015,620 


712,664 


706, 792 


2,096,223 


941,396 


2, 827, 644 


7,215,174 


19 


61,237 


78, 751 


106.356 


334,018 


168, 324 


377,043 


1,475,910 


?0 


174. 865 


162, 009 


165, 541 


303, 381 


106, 672 


171,832 


247, 276 


21 


15.474 


14,210 


17.039 


41,983 


24, 100 


35, 558 


68, 226 


22 


88,670 


78, 203 


84.402 


199,000 


79, 055 


169, 927 


384, 702 


23 


13,619 


20, 432 


36. 063 


171,533 


117,552 


362, 739 


1,398,447 


24 


8,369 


13,601 


23,601 


91.299 


42, 735 


111,427 


360,363 


25 


8,466.023 


6, 884. 795 


7,114.978 


16, 106, 203 


6, 588, 919 


14, 408, 424 


25, 541, 680 


26 


5, 600, 562 


4, 564, 337 


4, 664, 888 


9,869,190 


3,824.714 


7, 693, 662 


11,037,817 


27 


526, 473 


364, 907 


309, 872 


968, 848 


343,415 


1.014,651 


3,635,618 


28 


330. 084 


216, 137 


177,286 


272, 467 


74, 164 


113.575 


106, 437 


29 


135. 618 


91,887 


92, 128 


193, 739 


81,349 


187, 704 


275. 696 


30 


125, 2.58 


129,564 


160, 043 


448, 970 


229,926 


538, 100 


1. 596. 556 


31 


116.021 


112,839 


125, 749 


310, 735 


136. 145 


343, 214 


829, 855 


32 


101,371 


89, 270 


91.403 


208, 176 


87. 556 


172, 627 


269. 015 


33 


180, 664 


168, 656 


198, 039 


516, 100 


237. 052 


632, 378 


1, 133, 176 


34 


9.005 


10, 472 


15.231 


45, 910 


24, 115 


71,404 


119,403 


35 


16.316 


20, 936 


21, 630 


68.298 


43, 180 


30, 228 


17,020 


36 


1. 352, 438 


1,094,389 


1,203,444 


2, 913. 658 


1,335,683 


2,862,400 


4, 440, 655 


37 


8, 493. 809 


6, 863, 392 


7,059,713 


15.816.091 


6,417,299 


13, 659, 943 


23,461,249 


38 


n 27, 786 


21,403 


55, 265 


290.112 


171,621 


748, 482 


2,080,432 


39 


13 49,774 


13 12. 631 


13 4, 399 


27, 280 


11,334 


274.316 


321, 621 


40 


30, 184 


31,721 


38,464 


100, 234 


49, 776 


117,703 


182, 565 


41 


1,064 


961 


989 


1,586 


522 


644 


474 


42 


31.248 


32. 682 


39,454 


101,820 


50. 298 


118.347 


183,039 


43 


13 59. 034 


13 11,279 


15,811 


188. 292 


121,323 


630, 135 


1,897.392 


44 


112, 527 


134. 063 


208, 809 


649, 851 


331.925 


1,105,216 


2, 139, 790 


45 


9,818 


14, 179 


19, 708 


43, 969 


19, 853 


52, 601 


46, 764 


46 



74 



STATISTICS OF INCOME 



Table 5 (Table 16, Statistics of Income for 1933). — Returns of corporations 
assets and liabilities as of Dec. 31, 1934, or at close of fiscal year nearest thereto, 
come or deficit, income tax, excess-profits tax, total tax, compiled net profit after 

[Money figures and total assets 

PART II. RETURNS 



Total assets classes 



Total 



Under 50 60 to 100 



Number of returns with balance sheets i 

Assets: ' 

Cash 3 

Notes and accounts receivable 

Inventories - 

Investments, tax-exempt * 

Investments other than tax-exempt ' 

Capital assets— Lands, buildings, equipment Oess de 

preciation and depletion). 
Other assets 

Total assets 

Liabilities: ' 

Notes and accounts payable 

Bonded debt and mortgages 

Other 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 

Net capital gain 

Other receipts - 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations * 

Total compiled receipts • 

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 

Net capital loss "... 

Other deductions 

Total compiled deductions 

Compiled net profit (26 less 38) 

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 



134, 964 



7, 114, 717 

15, 286, 903 

8,714,965 

4, 655, 546 

30, 2,52, 141 

42, 679, 829 

5, 309, 733 



114, 013, 834 



10, 616, 209 
14, 471, 439 
18, 462, 664 

8, 578, 552 
38, 601, 543 
24, 774, 885 

1, 391, 458 



114,013,834 



49, 513, 538 
9, 393, 737 
816, 556 
482, 885 
99, 268 
752, 618 

918, 198 
192, 946 



62, 169, 745 



37, 706, 271 
3, 623, 394 
1, 133, 154 

749, 798 
1, 021. 654 

999, 686 

331,074 
1, 701, 230 

150,515 

21,359 

9, 418, 131 



56, 856, 267 



5,313,478 
4, 202, 335 

678, 388 
7,515 

585, 903 
4, 727, 576 
3, 796, 078 

172, 907 



63, 364 



146, 481 
361, 400 
283, 506 
7,309 
43, 116 
395, 829 

100, 901 



1, 338, 541 



352, 942 
52, 926 
104, 337 
37, 768 
774, 023 
228, 672 
212, 128 



1, 338, 541 



3, 140, 156 

625, 797 

7,936 

22, 532 

5,964 

31, 895 

1,096 
719 



3, 836, 096 



2, 492, 152 

298, 612 

229, 889 

89, 327 

13, 662 

26, 137 

25, 022 

40, 608 

2,533 

1,134 

514, 284 



3, 733, 360 



102, 736 

100, 921 

13, 864 

708 

14,571 

88, 165 

81, 135 

1,098 



For footnotes, see pp. 76-77. 



STATISTICS OF INCOME 



75 



tubmitting balance sheets for 19S4 hy total assets classes, showing number of returns, 
compiled receipts and compiled deductions, compiled net profit or net loss, net in- 
deducting total tax, and dividends paid — Continued 

classes in thousands of dollars] 

8H0WINQ NET INCOME 







Total assets classes— 


Continued 








100 to 260 


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 




22, 484 


10, 879 


6.986 


6,866 


1.100 


1.021 


305 


1 


296, 672 


312, 968 


395. 202 


1, 074. 831 


620,2.55 


1, 159, 779 


3. 068, 352 


2 


880, 547 


855, 720 


961. 052 


2. 430, 812 


1,071,416 


2. 416, 950 


6, 888, 473 


3 


588, 696 


569, 087 


645, 348 


1.619,225 


741, 346 


1, 648, 755 


2, 420. 598 


4 


61.994 


108, 839 


185, 938 


733, 875 


396, 070 


1, 002, 366 


2,144,321 


6 


265.105 


382. 237 


639, 165 


2, 493, 173 


1,613,878 


5,012.681 


19, 723, 975 


6 


1, 213, 743 


1,346,454 


1,751,367 


5, 172. 276 


2, 970, 319 


8, 694. 977 


20, 633, 259 


7 


252, 695 


256.337 


304, 994 


88.5, 102 


391, 656 


1, 274. 579 


1, 729, 070 


8 


3, 559, 453 


3,831.641 


4, 883, 067 


14. 409. 294 


7. 704, 940 


21,110.087 


66,608,048 


9 


657, 520 


593, 086 


666, 522 


1,686,711 


838,7.54 


2, 067, 323 


3.315.011 


10 


231,018 


258. 847 


345. 162 


1,091,180 


762, 402 


2, 773. 348 


8.871.038 


11 


326.714 


436. 021 


634. 231 


1. 986, 232 


1,027,061 


2,968.026 


10, 864. 747 


12 


187, 827 


244, 200 


368,312 


1, 160, 826 


548, 021 


1, 786. 238 


4, 185, 084 


13 


1,537,051 


1, 473, 639 


1, 803, 889 


5.012,025 


2, 528, 704 


6, 528, 804 


18,188,083 


14 


767, 506 


956. 063 


1.241.728 


3, 769, 737 


2, 069. 768 


6,145,879 


10. 282. 501 


15 


148. 183 


130, 214 


176. 774 


297,418 


69, 770 


159,530 


98,415 


16 


3, 559. 453 


3,831,641 


4.883,067 


14. 409, 294 


7, 704, 940 


21,110,087 


55,608,048 


17 


4, 687, 169 


4.084,156 


4, 271, 887 


9, 334. 733 


3, 712, 828 


7,216.885 


10, 326, 008 


18 


541. 908 


416,786 


392, 719 


1,090,663 


638.119 


1, 756. 161 


3,668,095 


19 


29, 932 


32, 285 


39. 882 


108, 846 


57, 658 


138, 1 13 


391, 257 


20 


48, 586 


43, 513 


48.821 


101,683 


43,764 


75, 043 


76,715 


21 


8,953 


8.549 


9,593 


21,826 


13. 700 


12. 037 


15,424 


22 


61. 901 


46,097 


48,316 


115.817 


49, 986 


101. 133 


279, 049 


23 


4,690 


■ 7. 378 


14. 585 


64. 912 


43. 699 


147.813 


632, 992 


24 


3.276 


4,821 


7.578 


28. 365 


15.037 


38. 272 


94, 061 


25 


5. 376, 413 


4, 643, 585 


4. 833, 381 


10. 866. 843 


4. 474. 792 


9. 485, 458 


15. 483, 599 


20 


3, 661, 989 


3,165.861 


3, 279, 514 


7, 050, 251 


2, 721, 251 


6, 219, 761 


7.9,55.618 


27 


251.733 


197. 249 


162. 372 


419, 201 


187.011 


636, 002 


1,400,263 


28 


201.767 


134. 259 


111,071 


158, 901 


41. 554 


61, 839 


46,688 


29 


73. 887 


53. 829 


51. 469 


109,017 


41.053 


109. 617 


169, 638 


30 


35. 530 


34. 736 


42. 758 


110,174 


61. 625 


188. 078 


519, 596 


31 


46. 904 


48, 037 


57, 672 


147, 581 


68. 572 


193, 846 


387, 422 


32 


39, 497 


32, 775 


31, 703 


58, 883 


22.911 


37.057 


59, 841 


33 


79, 303 


79, 238 


94, 250 


251. 485 


118, 352 


366, 894 


630, 884 


34 


6,394 


7,045 


10, 017 


25. 509 


12. 618 


37. 409 


46.210 


35 


2,347 


2,103 


2,208 


5.480 


1. 755 


3,482 


1,727 


36 


749, 384 


645, 453 


688, 203 


1. 708. 139 


776, 997 


1, 691, 401 


2, 215, 109 


37 


5, 148, 736 


4,400,586 


4, 531, 237 


10, 044, 622 


4.053,698 


8. 444, 386 


13, 432, 897 


38 


227. 677 


242, 999 


302, 143 


822, 221 


421. 094 


1,041,072 


2. 050. 702 


39 


219.712 


230, 800 


279, 981 


728, 945 


362, 358 


854,988 


1. 323. 650 


40 


30. 184 


31,721 


38, 464 


100, 234 


49, 776 


117, 703 


182. 665 


41 


1.059 


960 


989 


1,579 


621 


640 


472 


42 


31, 242 


32, 681 


39. 454 


101. 813 


50,297 


118, 343 


183, 037 


43 


196, 435 


210,318 


262. 690 


720, 409 


370. 797 


922, 729 


1,867.666 


44 


93, 160 


114, 653 


171. 108 


534, 603 


265, 063 


890, 540 


1, 607. 884 


45 


8.365 


11, 775 


17. 636 


32, 232 


18. 497 


45,287 


36. 083 


46 



149581—37- 



76 



STATISTICS OF INCOME 



Table 5 (Table 16, Statistics of Income for 1933). — Returns of corporniions 
assets and liabilities as of Dec. SI, 1934, or at close of fiscal year nearest thereto, 
come or deficit, income tax, excess-profits tax, total tax, compiled net profit after 

[Money figures and total assets 

PART III. RETURNS 



Number of returns with balance sheets ' 

Assets:' 

Cash' - ----- 

Notes and accounts receivable - 

Inventories 

Investments, tax-exempt * - 

Investments other than tax-exempt « 

Capital assets— Lands, buildings, equipment (less de 

preciation and depletion). 
Other assets — - 

Total assets - 

Liabilities:' 

Notes and accounts payable 

Bonded debt and mortgages - 

Other liabilities 

Capital stock, preferred 

Capital stock, common 

Surplus and undivided profits - -.. 

Less deficit - 

Total liabilities 

Receipts, taxable income: 

Gross sales 9..- - 

Gross receipts from other operations ? 

Interest - 

Rents -- 

Net capital gain - - 

Other receipts --- - 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations * 

Total compiled receipts 8 _ 

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 'o — 

Bad debts 

Depreciation - 

Depletion - - 

Net capital loss " - - - --. 

Other deductions 

Total compiled deductions 

Compiled net loss (26 less 38) --- 

Deficit (39 plus 24 and 25) - 

Excess-profits tax " 

Compiled net loss plus excess-profits tax 

Cash dividends paid 

Stock dividends paid - - 



Total assets classes 



Total 



276, 662 



12. 846, 140 
25, 241, 975 
5, 596, 103 
14, 428, 224 
60, 321, 158 
60, 071, 666 

8, 787, 475 



187, 292, 743 



16,504,441 
34, 132, 841 
65, 633, 751 
11,397,543 
46, 368, 468 
24, 211, 427 
10, 955, 728 



187, 292, 743 



23,311,405 

' 8, 519, 408 

1, 823, 931 

1, 014, 846 

134, 053 

454, 234 

1,210,704 
461, 852 



36, 930, 434 



18, 506, 723 

4, 819, 836 

968, 729 

688, 592 

2, 317, 106 

1, 108, 364 

820, 215 

1, 588, 851 

152,868 

236, 338 

7, 994, 272 



39, 201, 893 



2,271,459 
3, 944, 015 
37 
2, 271, 495 
1,021,454 
39,211 



Under 50 50 to 100 



155, 357 
599, 396 
446, 777 
10, 883 
111,929 
1, 098, 851 

275, 795 



2, 698, 988 



1,144,683 
366, 040 
308, 688 
142,416 

2, 068, 707 
233, 150 

1,504,695 



2,( 



3, 594, 336 

1, 033, 481 

9,675 

63, 876 

4,521 

40, 898 

3,900 
786 



4,751,474 



2,880,112 

586, 818 

326, 707 

185, 620 

41, 735 

47, 408 

51,286 

86, 551 

1,177 

28, 116 

868, 978 



5, 104, 509 



353, 035 

357, 721 

8 

353, 043 

10, 440 

1,404 



35, 871 



102, 669 
472, 272 
283, 204 
17,659 
166, 287 
1, 275, 654 

233, 940 



2, 551, 685 



723, 497 
461, 858 
266, 968 
141,106 
1, 369, 262 
265, 977 
676, 984 



2, 551, 685 



1, 760, 772 
374, 864 
10, 590 
57, 519 
3,026 
21, 675 

2,486 
1,079 



2, 232, 009 



1, 425, 686 

222, 067 

107, 951 

53, 261 

39, 451 

36, 431 

32, 178 

56, 645 

1,352 

9,715 

397, 313 



2, 382, 050 



150,041 

153, 606 

7 

150, 049 

5,844 

788 



' Excludes returns for inactive corporations and returns with fragmentary balance sheet data. 

> See text, pp. 13-18. 

' 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. 15. ^ ., , ^ , , „ „j j 

« Gross sales where inventories are an income-determining factor. For "cost of goods sold, see aeduc- 

' Gross receipts from operations where inventories are not an income-determining factor. For "cost of 
other operations", see "deductions." 

• Excludes gross receipts from sale of capital assets. Excludes non-taxable income other than mterest on 
tax-exempt obligations and dividends on stock of domestic corporations as reported in Schedule L of the 
return. 



STATISTICS OF INCOME 



77 



submitting balance sheets for 1984 by total assets classes, showing number of returns, 
compiled receipts and compiled deductions, compiled net profit or net loss, net in- 
deducting total tax, and dividends paid — Continued 

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 




35, 702 


17, 794 


11, 353 


11, 643 


1,744 


1,390 


456 


1 


269, 599 


380, 102 


527, 728 


1, 590, 883 


802, 411 


2, 163, 542 


6, 853, 847 


2 


954, 885 


1, 030, 299 


1, 287, 252 


3, 804, 203 


1, 859, 338 


4, 184, 086 


11,050,244 


a 


476, 705 


403, 736 


430, 238 


951, 786 


366, 574 


775, 923 


1, 461, 160 


4 


102, 710 


232, 003 


413, 655 


1,525,810 


746, 930 


2,011,648 


9, 366, 929 


ii 


533, 231 


826, 999 


1,331,975 


5, 924, 155 


3, 579, 645 


9, 621, 549 


38, 225, 388 


(i 


2,866,628 


2, 914, 516 


3, 423, 771 


8, 921, 275 


4, 181, 147 


8, 280, 515 


27, 109, 308 


7 


467, 723 


476, 917 


558, 552 


1, 475, 742 


548, 179 


1, 257, 619 


3, 493, 008 


S 


5, 671, 482 


6, 264, 571 


7, 973, 172 


24, 193, 854 


12,084,224 


28, 294, 883 


97, 559, 884 


£ 


1, 240, 238 


1, 103, 491 


1, 256, 133 


3, 250, 776 


1, 376, 617 


2, 575, 373 


3, 833, 632 


1(1 


1, 168, 470 


1, 235, 801 


1,418,936 


3, 992, 465 


2, 231, 783 


5,095,311 


18, 162, 177 


n 


852, 986 


1,397,581 


2, 163, 353 


7, 292, 974 


3,649,122 


8, 976, 264 


40,725,815 


17 


361, ce4 


420, 670 


555, 096 


1, 744, 411 


926, 905 


2, 257, 017 


4, 848, 898 


1? 


2,530,111 


2,361,852 


2, 583, 029 


6, 653. 903 


2. 996, 394 


6, 326, 351 


19,478,860 


14 


664, 146 


779, 176 


1, 022, 017 


3, 520, 858 


1, 777, 943 


4, 224, 216 


11,723,944 


1," 


1, 145, 494 


1, 033, 999 


1, 025, 392 


2, 261, 533 


874, 541 


1, 159, 648 


1, 213, 441 


le 


5,671,482 


6, 264, 571 


7, 973, 172 


24, 193, 854 


12, 084, 2^4 


28, 294, 883 


97, 559, 884 


17 


2, 401, 000 


1, 720, 766 


1, 703, 297 


3, 534, 033 


1, 396, 257 


3, 135, 370 


4, 065, 574 


If 


473, 713 


295, 878 


314, 073 


1, 005, 560 


403, 276 


1, 071, 482 


3, 547, 080 


n 


31,306 


46, 466 


66, 474 


225, 173 


110,666 


238, 929 


1, 084, 653 


?.( 


126,279 


118,496 


116,720 


201, 699 


62, 908 


96, 789 


170, 562 


21 


6,521 


5,661 


7,446 


20, 156 


10,400 


23, 521 


52, 801 


?' 


36, 769 


32, 107 


36, 086 


83, 184 


29, 069 


68, 794 


105, 653 


23 


8,930 


13. 055 


21, 478 


106, 622 


73, 852 


214, 927 


765, 456 


?A 


5,093 


8,780 


16, 023 


62, 934 


27, 699 


73, 155 


266, 302 


2£ 


3, 089, 610 


2, 241, 210 


2, 281, 597 


5, 239, 360 


2, 114, 127 


4, 922, 966 


10,058,081 


2e 


1, 938, 572 


1, 398, 476 


1, 385, 374 


2, 818, 939 


1, 103, 463 


2, 473, 901 


3, 082, 199 


?7 


274, 739 


167, 657 


147, 500 


549, 648 


156, 404 


479, 649 


2, 235, 354 


?*> 


128, 317 


81,877 


66, 214 


113,566 


32, 610 


51, 736 


59, 750 


0<] 


61, 731 


38, 058 


40, 659 


84, 721 


40, 296 


78, 087 


106, 158 


3f 


89, 728 


94,828 


117,285 


338, 796 


168, 301 


350, 022 


1, 076, 960 


31 


69, 118 


64, 801 


68, 077 


163, 155 


67, 573 


149, 368 


442, 433 


37 


61,874 


56, 495 


59, 700 


149, 293 


64, 645 


135, 571 


209, 174 


3;i 


101,361 


89, 417 


103, 788 


264, 614 


118,699 


265, 483 


502, 292 


34 


2,611 


3,427 


5,215 


20, 401 


11,497 


33, 995 


73, 193 


S,"! 


13, 969 


18, 833 


19, 422 


62, 818 


41, 425 


26, 746 


15,294 


3(1 


603, 053 


448, 936 


515, 241 


1, 205, 519 


558, 686 


1, 170, 999 


2, 225, 545 


37 


3, 345, 073 


2, 462, 806 


2, 528, 476 


5, 771, 470 


2, 363, 601 


5, 215, 557 


10, 028, 352 


38 


255, 463 


221, 596 


246, 879 


532,110 


249, 473 


292, 591 


n 29, 729 


3fl 


269, 486 


243, 431 


284, 380 


701, 665 


351, 024 


580, 672 


1, 002, 029 


4(1 


6 


1 


('<) 


8 


1 


4 


2 


41 


255, 469 


221, 597 


246, 879 


532, 117 


249, 474 


292, 594 


J« 29, 727 


4? 


19, 367 


19,410 


37, 701 


115,248 


66, 862 


214, 676 


531,906 


43 


1,453 


2,404 


2,072 


11, 737 


1,356 


7,314 


10, 681 


44 



> Includes taxes which are reported in "cost of goods sold." For method of tabulation, see p. 11. 

10 Excludes taxes tabulated in "ccst of goods sold." 

11 For limitation on amount of net capital loss that may be allowed, see statement of provisions of Reve- 
nue Act of 1934, p. 2. 

12 Excess-profits tax of $36,940 appears on returns submitting balance sheets, with no net income for in- 
come tax purposes, due to the credit for interest received on certain obligations of the United States and its 
instrumentalities, which is allowed against net income in the computation of the income tax, not being 
allowed against net income in the computation of the excess-profits tax. (See article 1(d) of Treasury 
Decision 4469, ' ' Regulations relating to the excess-profits tax imposed by section 702 of the Revenue Act 
of 1934.") 

" Deficit or compiled net loss. i< Less than $500. 

i» Compiled net profit. i« Compiled net profit less excess-profits tax. 



78 



STATISTICS OF IXCOilE 












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-- ^ 














Z:- P ^ ^ v: 




M 
















































1 



•^ 1= rt r^ = =5 — . 
*= S H ~ ^S "• ' 


I'ef 


N 

s 


X X = t^-r ^ — ' 


p 




cs>c c^ = t^ =5= ' 


i§ 


■«■ 

CO 


10, 7fiO 
11,048 
34,000 
2(1, 4KS 
21,(I3H 
03, 2011 
40,013 






C0M"V— ■" IM* 1 


I'co 
■ •«• 


1 


g|55 = 5 = g : 

C c: c^ = 1^ C: 3> ■ 


.•3 
!c4 


§ 

to 




:0 


CO 


gppHi : 


;i 

Iks 


§3 

CO 

CO 






g 


— X ri X X -r X ' 

o :s r- X = oi^ 1 
cox r:t-x ri ; 


leo 


x> 
eo 

CO 


M r: X — o r^^c . 


•'t-T 


ac 




i5 






; 


5? 1 
M 1 

tC ! 

1 


1,774 
2. 403 
7,3111 
0,714 
7, 003 

13, 0.1(1 


: 


X 


C = X ^ = = D j 

ecN"x"=x";^";r ; 




c: 


c«x»c — rc-^»c^. 
<cx r~x = X — _ , 
e rj r: — ^ 


' 1 

i 


g 




i 

ii 


"3 

o 



oox — «coxr» 






•c ec X t^ ^^ =: ?< 



•a n" x" r-^ >= x" m" 'r" 



x55BSP — ? 
Ne5eoc5l«'5'e5" 



5£=:=xri^-«-M 



xexr~=:>--x = 
c<csxr~t^Nc:rj 

zC'^rzcz r;" sT ;=" x" 

^^ »-^ r4 rj n r: — 



re — f^'.r r^ 



eo« N— • ■<s"N». 



t^S £ 5 — 'T -r t>. 



: ^ — :r tc r^ X 
- c= o cs r^ «c t-* 



o— xc^c=i^reo 

e-j»=ci?J>e — = 

XT— 'C-.r— . = — o 

N m := x" r^ t-^ r^ 5= 



- ca ri := re o *-~ r^ 



^^ w N w •= -^r c< 



cc r^ — " -r tc ^" r^ cT 



»c"c^ci^x X*— x~x"" 
•ot^cx=:css:>= 



!SX»= — = = 1;;^ 

x"csi ------ 



■ = — C^ 3 S X 



icc^xoocesrt* 

tsx'c;"— r^— >c V 
N ri — cc 



;x c =: c^lT ^^ 

. _ ] — r~ r ■- 

. « c; ^^ n — — I 

10 r^ >= =" t-^ sf =' ■ 






•o — c: X • 
r^ — cc rt : 

>oo o "C ; 



I"- 



5 5 5- "5 ■-' 



STATISTICS OF INCOME 



79 






»-> « ^ t^w 









iCOSCl— 'CT'-C-ei'CC'— I 

^ -v' — r CS" iC CO t-^ cT oT 

1-H 1-1 r-I CO .-t O ^ 



COOOSOi— 'C030»CO 



cou5cot^a5»oo<-'0 

COCOXJOCOCOCi'^CC 






ccr^OcD^o^coo 



— - r— t- -^ CM -- t.'^ 



' O tC C- — ' 






QOCOCSWr-OI^OO 

oooiQO»o(NNeOTf-t^ 



c^ ^H 1— . cc »o lO r^ CI 



T-iTf"OCMC0-*OO-^ 






c^ooot-^ooc^ 

1— •CiOif^Ci'— '00O5 



•-'•-iC4'^Ol'—0C'^ 



OCQOtOOOiOOiOt^O 



CM o CC t-^ '^ o o 

Tj< CO CO TJ« 



COCDCMCOiOfO'— 'OOI^ 

-^C5-^»ooociO'<rco 



C0b-O<Dri«CC0SOO 



CCXOO — CM-^OtT 

cc;— 'CCXccr-cocM!:D 



O-^C0C<lt-»CC5iOCM 

C0'^'-'»OOCMOCOO 
1-1 i-« CM (-* -^ *^ t>- 



OCSCSt^OCiCOCOCM 
•Tj-CMCO-^ — CSX-^iO 



OOt^Xt^iOCOOOcC 



O^CMCi05'-«'^»CCM 
COI^Ci'«*"'*fO'^OiO 

coooco'^r^"^«c?oc^ 

CM CO* '*' GO'c" cm' t^ 

1-1 —"r* CO 



r-<o^CM!CC;*o<:coo 

OiO'^Oll^OOCD*OC5 



t*OiCOOOCiO'**«CMO 
CM CM CO CS iC 'V TJ« 



' ■— • O CM O CC O »0 



o oo— J is 
O 7 o 6 o § g <=l^. 



CCC^O^COCl^t'-O 
Tl«e05SCtCMCOh*CO^ 



CO coo t^ CM 



oooicor^oocco-* 



CM O C^l Cr. — O '-0 CO CO 
CMCM:OC:rOOO"*!N 
COOCMCO — CS-H-^-^ 



tC^-^^':CSCMO— 'C3 

eOiCOiOCMCiOOtCTj* 
Oi-"O'-'C000«C»Tj« 



i-<c^r^^C5oct^'^co 

•<«<co<o»o?oooooosoo 

—I CS CO 



Ot^i— '■<9"CM— -COOt^ 

r--05to — csce»-^ 

oo" CM CT CO cT CO co' to o 
.-I .-. CM ^ 1-1 



t^WCMXt^COrfCOO 

1-3 ^ O ^' S ^ iO 5c C^l 



CM .-I CO CO *C I 






o ic — r- o oi o * 

coci»j^0'«rcs*0' 



- X CO r- o CO ci — 

■ t> t^ CO CO C5 cc o 



OOOrfX^CMOiGOCO 
Ot^COOCOiOXCOCO 
du-r,--..->''9*C0iCCOt^ 



OXCOCOCMCOCOttX 

cr^i>-cocM-^o^o 

^ 1-t ^ CS CO CO CC o 



nx'^srt^cs— *CMcot^ 

cOTfos— 'Cs-^— ■— -co 

OO^CO'^COCOCOCSCO 

co" t-^ CO* CO CM — cT ^ cT 



,-. ^ C* t>. CO ■• 



C^liC — COCCfO^COO 

"^•VCOCOXO'O'^OO 
Xi-'J'COOsaiCM^OCO 



'-cor^ocococico 

Ci CM CO CO O CO ■''■ 



" ^ ^ CO 



a)c:xcscMco^'3t^c^ 
or^t^-r^r^-^cocoo 

t^COtOCMCM^COCOCM 



OOTj*t>-i— 'Ot*COO 
C0CM»O»Ct--CM— 't^O 



I ;o CO CM X) 






"Xxcoor^ooio 
cot--OCMio:0'--'r-'— ' 

CM CM CO CM t* CO -^ 



^ ^ cs 



■^COt~-COt^t^OCi"^ 
OrrXiCMOr^COCOCM 

c;oci^coc;»ccoco 



oocrxocoxcooo 
coicccicco — CMccr^ 

i-H ,-( CM 00 »0 Oi O 



OOC-^Ci — r- — "CO 
CCOt-'<J't^CMOiCS-^ 
CO— «CMX— CMCOC5»0 

i-T cm" ic" ■^ CO CO CO '^'" CD 
CM — 'TT ^ 



CMcO—iXOOOO^X 

co^^i-^t^coiococo-^ 

CO"*C^iOCMOCOCC 

CD — r '^" '^* cT cT CO* CO* CO* 

.-I— iC^CMCMCMiCOt- 



I^COCMXCOOC^IC— ' 
O— ■XCOCtCftOt^.C^ 
^- .-• Ol CO -^ lO 1— • 



g§°-OI 



t-j O o u- c: ^^ . c: o 



OCO^iOt-* — cococo 
^^ CO OS ■«- - 

^ CM im 



'cocs-g-coccaooco 



O«-'t^*CC0'«»'0lO»0 

«-"-^C^-Vl^co--TrCs 



»ct^ooa>cD-*rcM-^o 

»r5CMQC-«rTrWOOiCO 

eot^ocscO'^— 'CMOS 
CM o o* CO* cT t-T "* -^* V 

C^COooOCOt^OiOart' 
«-• 1-1 CO »-" CO *0 



CJO-^'^-'TOirc-^co 



CM"— 'co-rr^irroso 

CMCOXCTOOrOOO 
— • — « -^ CM ^r CO 



coco-vxCMoco»-':!co 

OClOS—^COdCMX 

^cox-^ — ooo-^ 

& c ic i^* '* CO* zc ci" t^ 
t^xcoococMt^ — -r 

r^xr-x — ccMco^ 

— * — * rf ic c^r ■^* 00 

oxt--rcc^)rOTj-x-^ 

COCvC^— ^OCM-T-^ 

»co:cocccot^xc;CM 

■V* CO CO 1— * O OT l>r CM* CO* 
CO — ■ r^ — 1 1"-! CM -^ CO 



COCOCOt^OrJ-COCO-H 

^o:CM-Txoxr-o 



xcL':coiccocMC>— . 
cccocor^CMOCMi.':;^ 
t^xr*t>-"CsCM — t^ 



— < — .C^-* CM-- 



:cooco 

■ CO CO O 
: CO CO iO 

r— *co*c5 

y — ■'T X 
CM CO-^ 



CO CO o ro CM CO CM 



CO — -(rxr^ror^ro 



— ca — cot^cot^co:© 

'rrcOXCM'T'COCOCMt^ 

xr^coicoxicco-^ 

O O W5 Cs CO CO" — CO CO 
CO^JCOCTTOdTX 
^CMttiCCOOSXCOCO 



CMXCOCMX — XO-V 

co^»-oir^CiOh*cO'«*' 

COCMCMOCM-^OSXX 

CO c: O CO* tC co" Ci" tC rr 

"t^CiCX'«J'005 



; — cocoL'TcO'^'C^— ■ 
ixc-wxcox — r- 



C&iC — C- — C: — iCX 

— -v-^cox — t^t^ 



O — COCOCOXCOXiO 
t^TfCiOiCMrriOCMO 

x" CM* -^r c4" X* — * "^* CO O 
CDXt^l^^-CMiCOir^ 

— — CM iC CM cox 



COCSCCXt^COC^ — CO 

X — c;o:u':^: — -<r-t^ 

CMC^jOOi— -VCOCSCS 

»c irT o CO r^ ro* '.'^ t^ CO 

r^Oc^i'VCOt^CiO-*?' 

CM'TOCMCOOtTCO'^ 
.-T^^iOCM CO o 



XCO-^COCO — CSX- 
•V CO LO X O O — o t 

CMcoi.^o:r^ci»a — c 



tN.— uO-rrcOOX — CM 

XCOi^-^ — iCOiXCa 
— CO'CCOXXCM-'*' 



OXC5»0 — OC5CM*0 
CMTrCMXT-cO'Crr — 

c:co— , or-CMCMOt* 



■ -; — ' c_ _ _ _ _ 
CM C-l CO 05 -^r o »c 



icx — coL-oir^-^co 



CMt^XCMCS-"?"^ — I 

CO-* — r*h-oor-»C5c 

COCCCICSCO-^COX" 



cocrctu3oxco»i3 — 

CCOCtCM — coo — CO 
—•"CMCO-V^iCCMO 



b-iCXO-^^COCOCO 

Ci"-^OXO*C — t^ 
O'^COiCCO'^COCO 

CMiO<CCOCM"cf 



pg 



•-- — c i = o 
^ ^ - o = oo 
o '•': S '-i^.o"o 
— < M IC ^^ ^ ^^ *o 



80 



STATISTICS OF IIS^COME 






2 ^ " 5 



CO S-. 



ja 


Jl^ 




T3 


ca 


t> 


fl 


c3 


O-o 


■o 


n 


i 




c. 






6 






,4j 


'o 


O 






o 




^ 










o'a 



a i5 >- o 



^- © CO 

o <» 



M - fl 03 r« 

£ <c p » g 



o"! 



Sa-g^-S 

3 a .2 b ■^' "^ 






"« — ^ t. : 
=^=^9 2 

OT3 03 g 



S °3 q >-.^ 

■z fl o a c3 



5 w^ a a o 

ftS ;/s *■■§ 



oag8£=^ 






12; 



i-T T-T cT TjT CO ^*" cr CD* '^ 
1-tC^ ^ cs o 



CCQCOO'<*'Q0t^'-"O 

cc oi" c-T t-T cc ^^ ^ oc" oT 



WOCCCiO — (MOGOTf 
r-CMrrcC-^i-iOJOOO 






; cr r^ <M 



OC' O 20 'T X (N 
iC ^ C^ ^C 00 iC _ 

cc" od" -rr' -^ re o CO fc CO 



lOioaoccoooO'-iOi 

OOOCt^Tj-COCDGOOi-t 
iMOt*dt^01C0:jDu0 

r^ oc* lo (N o '^ oc cc" rC 

«d-t CS r-l r-l ,-1 t-.CO 






C<l'^CO'rfCCOOOTj*Tf 
O^OOlCCOS'— '0DC5U0 



050"^OGOC^COCSt^ 



(TJOOCOCOf—CCiCt-^'' 
t-'-OCCiOCC-^CO^."" 



CO C^ t^Oi 



G0CSiOCOl^^•OC300U00 



'C^cocccoyrt^i— '-rj* 



■■ CO O 

_ _ - 1— ' -rj* 

TTCOCOiOwJiOOCCt^ 

»-r — Tco 



M O t^ " (M -- lO <M C3 

^»."OiOCOOOOCOCO 



CO^O-^OiCCCOCsiOO 

,-1 r-l r-l to IM lO t^ 



oo-<rc^^fo^c^'<**a> 
ocoo^'OTros'— "cooi 



COCOG001C^O»0000 
.-1 CO CM iQ 05 



OOOSCO-^COOCOXit— 

Oics^aioooiic»-3co 

OOOoOt-^fNOiOOCStM 






Occcaot^TT'^Tt^'^O 

1— (l^t^OCOCSOOC^CO 

<D ccT i>r oc r^ oT t-T co" c^ 
coac'icocDtMcc-r-co 
icttO'— •cor*r~-coi-H 

i-T r-T .-■" co" i-T Tf" cT 



cocococKooaic^t--x 

CKMOoC-rr'COOJOlD 
i-"i-i-TOC^GO<MOCO 



C^OCO'TfOCNtMCCCO 
OOiCDOCOaJOlOTT' 









1— tocoas050i>xo; 

OOiwiOiCO-— icC^C^ 
r-» 1-1 ■— . CN ^ OJ "^ O 



COOXOt^O— 'OX 
C0OO<MO'-'XO»0 



o— loccor-'fc^jcft 



1-1 .-I C^ 1-.C 



•*}-t^iOCOi-<X-^'-«iO 



.-, CO CO CO .-t i-H 



. .oo 
ooo 



u^ 



. . ^^ o _-o a 
^ o o ^ o ^-"-^ o o 



o ^ 
oo 



«0 t^ iC ^ (N C_ . 

-rr O CO O C: 00 1 



^ d ^ -t^ OC -^ CO 



1-1 i-i -^J^ t^ O ' 



iOOOCNOiCifNr^'-H 

»i.:)C:occt^Oiccoo 

C^IOXtOXt^^OCi 



; C^ lO I-- O <— ' Oi "^ 
1-li-H t-H iC CO « o 



t-^iOCOCOCOOXC^X 
OCMCDMCO^<N<NX 
COC^OOi-^OiiOi— -rf 

co>c"coicoocococoor 

i-i i-( i-< O CO t^ -— ' 



C^TfOi-HCOO^XOS 
'^XX^OttC:-^!-- 
OlOCit^^CD-^COtO 

oT t>r ui t-C x' to CO t-^ '-T 

COCOiOXOfMt^i-H-H 
i-i»-(C0CO"»J''-i»Oi-<cO 



CDOlC^C^OiCCCOXtO 
»OOiC^CO^O^JTfCi 
OtCrHC^Ci'^T'CCCOX 



Tf rH C^ ,-1 CO i-Hl 



•-HOiXXb-OCO'— 'X 

u-5 0C;(MCOTfC-^ir- 

C0»0^"««0t— CDOiiO 

rf" -rp .-T CO -<J'* O CO '^f*' CO 
COCDtOX»C^cOOiCO 
*-Hi-SCOCO'^«— «*000 



'^fI>-»OCO-HOCOCCiO 

T^or*'-*cocNxco-:f 

lOOCOtCOCOi— «»o.— t 

t-H o -fjT TjT CO o" o r^ cf 
^ i-icc»cc;oi-*ox 



cOXO»0»CiOCOCiOi 
co-'T-rO'-HOOiocoOi 
o:t^r^r-coccr^i>t- 

co CO*" CO* i-^ ^ X (m" "-T CO 

C^COOI>XCOCOCOO 
CS-HCO CO 



oxox-^iocot^x 

t^-^t^OO(N-"^I-^X 

CI -rr c» X '^ " O X t^ 
i-T CO •-^ "^'' — " t^ X CO Tji" 

1-t rH M r>. CO o CO 



'^c01-'0^-'^o^'^ 

Ot-'^'— <<M*OI^COOi 

OiOtCOiX'^OicOi— « 

I-T CO oT os" 00 ^ r^ t^ d 



ot-xr^-— 'XOicco 

OC-IC^'^'-^^COOO 
Ir^COOSOt-OlOXX 

O CO X --H '^jT CO lO CjD oo 
.-HF-.CJCCCO"t>Ot-. 



0SC0i-Hl>CiOC0-^O 

coo^oio-^ot^t-^oo 

iO-H'OiX)iCX'CO'-'<M 
C^ oo" --h" 00 — '' CN CO t^ TJ^ 

Trcor-ocor-io-— 'CD 
i-i ^ c-* CO CO o r^ 



looxioxicr-coo 

XC:C<lt^iOl^'-iOO 

X'^t^OiCNJCD'-'XTi' 

o iro c^ CO lO -^j'" ^ c^ CO 

WCOXXCiCOCO'Tf'O 



lOOScOXOiTfOit^t^ 
OlO"^COCOC^Ot^CO 
XOiCTiCiOOiCOOO 

CO T-^ ^ i>^ r-^ oi" t^ 00 Oi 

.-HCOCO'^'^XOO'-' 



oo-xo-^t^o-— <o 
CM^oxr-i— I-— 'Oico— I 

,_r ccT t-^ -rf' TP o CO CO ci" 

»— (I— •CO'^^'^XC^u^ 
i-i CN CO 



xoit~-cO'— loc^xr- 

XCOCOOCO-^^Cl-^rH 
t^ Oi O lO CO CO 



.oo ^ -^ 
ooo-rj E 






^ o »o ^ I 

I 4C <-H IC ^ »0 



STATISTICS OF INCOME 



81 



O:00iCC■^0iC^^^0 
COi— iCC^OiO-— '00*0 






CO-*00»0»0.-iC<(N 






t- -f 00 lO O ^^ C^J 



cocii^ioicao'^'— ( 



COCOOitOOOOSO 



i^coaoot— ooiO'— < 



CO t^ X — " to Tf CO lO 



OOioeot^^cDOO 



J CO Tf GO Oi C^ 



»oocOTrcoob"CO 

'-'OtocorocococN 
u:joco^ajGooo.-( 



OOOOtOfO-^rriM 

-«j»i— (OCO»J^OOt^Oi 

1— lOst-*'— -r^osciio 
CO r-T CD TjT cc iO -^ cf 



COTj^rfCDOGOOOa 
t^COiO-^COGOOOi 
i-tCS'-'COt^OCMCO 



COTjHCOCOCDtO<MCO 
1— ^ t-t TJ* C^ C^ 



t^cOCOCOCOCO-rt^CO 
lOiC — t^OlTfOt^ 
lOCOCOCOiOO-^f— 1 

»f3 CO »0 --r O CO C^ O 

,-1 -H ^ lO C^ '^ 



Ot^OicOt^COt^*^ 

r^-OSOS-n-OcDOCS 
OOOCOOCM-HCOCO 

iC O lo r-T CO irf -(^ irf 
c^Mccroc^cDi-Hco 



Tt<iooiOTr'oo(M'^ 
r-05coococncocD 



r^ooc^'-'coco^co 

cocDco<M^c^cor^ 

1-1 ,-• ^ CCi-l c^ 



CCOOCOQOOiC^Jt^CO 
O^HCOCC^t^--*^ 



I^I^COC^OO^OO 
CCCOI:^CDiOOOt--'-i 



OOCDt^COOOOiCiOa 

Ocnojcoeoos'-H'"^ 



CJSG0CCCDC0tO0C»O 



■^cooiO'-Hr-oco 

CTiO^-r^<NX!CDO 

coccc^ooTcccO'-r 



OOOOCO-^GOC'lOilO 
00iO-O»OCCiO.-i.-i 
r* 05 QO CO --t .-I 



,00*00^^00 



lOt^OOCOCOCSrrO 
COOOOi»OOOCOt-*Tji 
t^l-^i-HOO-^COtCOi 

»-»* r-T cT c^" -^ co' c^" i-T 



Oicoor-oOi-H-^o 

OOCCTfOCOt^-OO 
COOOCOTt^TPOSOiOO 

c^" cs o x" ^' TfT oi" CO 



O(N00<NtQ<NTP»O 

'<**c^Qoai'^»ooco 

cooOCOTjHQOCOCOfM 



OliOiOCOOOOOCDN 

^Ht^t^coocc»oo 
c^cor*Oi(N'— 'COO 



(--(MCOOOtJiCOOOO 
dCOCDt>.CO^O300 



t— (Tj^iooir-'— ttO'-H 

lOf-tOOCOOiOOtO 
C^ CS CO C^ CC lO c^ 



OC CO C^ t^ (M -^ 1— I CO 
r-C^Oi<NC0'-<iMI>. 



CD(M(M00CSOt^r-* 

c^coot^co'^osr* 



lOOOiCOCNfNCStO 
t^'-'t--CCOtO»00 
*CC00iOC0"iC-^O 



i-icocoiot^ccoiTr 



I-* <N a>c^-^ 



COrt'OOQO'-'OOOSC^ 



COt^tO'-HCOCOtO'— < 
1-t C<l CO CO !N C^ 



COOiCiOOOlO'Tj'O 

cofNcoootOiocic^a 
t-icoootocor^iooo 



i-H CO CS 00 »o t^ 



lOcoas-^Moicoo 

t~-<OC^00'-<-<J«OSf-( 
CO iC OJ CO 05 00 »o 



»-• tM CO coco 



CftCO^COOiOOOiO 

oocDt^iO'^c^*oai 

i-iCOOO:iOTfM'«j< 



C^C^r^OlQOtOCOuO 



»-t '^ --HC^ 



■tfOt-^COCD-rt^OiC^ 



r-tirtiocDcorOTfoo 

f-l'-HCOiOCSTt*000 



t^Tr»ococooi— '1^ 

■^CC'^'^'^GOtPOS 

id" co" CO*" «"--«' '^'" t^ CO 

t-H CO O ^H CS ■<*< 



OC000»O<-<^C0'-t 
^-TJ*C^COO:000<0 

1-H c4" »d oTcv--* 03 -^^ 



coioojco-^oococo 
»oiccDa5tooj«— ir>- 

ci"cd cotNTco'cD OS id" 



o^o.— 't-.— <r^,— tco 

CO >— • d "C CO i-H 1— 1 
'^ CS N fH 1-1 i-l 



oo o 
— ' !--, -o a 



^iO*-lCSO^iOi-<0 



OOTOOC^ M< OS 1 
















en 


t~o>n « «r^ 1 














lOO 










<-! >-< -H (M N m 1 




lO 


jr -; ■»■ >-i o oo 1 

C^ O rr CO ^ O 1 


lO 


00 






GC 00 Oi OD IC lO 1 


t r^ 


to 


»-< -H —1 CM (N M 1 




•* 


05C0CBO t^CO 1 






'C> CO o -r '- m 1 






i>r3 


00 


Tt* iO lO -^ (O OS I 








ICM 


^ 


CS-HCM COtO to 1 






OJ --1 CO ,-H (N ■>!< 1 










CM 














COCC CM t^ 00 00 1 


lO 


>o 


CO lO •»*< CO "^ t^ ' 
CS f-c CM CM CM "O 1 


1 lO 




iCM 












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It^ 


03 








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o 


moi^o t^CO 1 












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CM CM Tl- cq 1^ to . 












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lO 


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to -*t~ OOSto 1 


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to 






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to CO O500 00 00 1 


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Und 
50-10 
100-2 
250-5 
500-1 
1,000 
5,000 
10,00 






O 03 

go 







82 



STATISTICS OF INCOME 



o *-■ --^ 






® o j^.a 
15 "o 



a'^ ^cn] ®^ 



^^ a> CO 

o » 



2'3 o » g 
rt Si a.2 



OS 



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m /Tit Tl t-**,^ 






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^ ^ ni ^-i C3 *^ 

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a o 



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C003M«M'05C^CO<^0 
i-tOOCOt>-00'*COO'^ 



CNco^r^ot>-OTrco 

COU^'i-tC^OtOCNOO"* 

.-icoc^'-Hcoooor* 
co'co t>ro 



C^CO(MOO»OOiO'*'-l 

COOCNC'Ir-iM'CMCOl-' 

r-lCOC4»-<00'-'t^Oi 



CO CO 00 OS 



■M*l^iOCO00OM'»O00 

r-ooc^oO'^'-'coos 
»— i»ocot-i-Hcoor*c^ 



I «3 CO C^ -9* 05 CS TJ* 

■M' CO 00 CO 



•"Hr-fcot^i-ir^^c^os 

CSTj^cOCOtOC^iOCOOS 
OM'^CD'— toscocot^ 



CSC^tOCDWCOOOOi'-' 



OOi-HCMOiCSOO— tOlOO 

■*CDO0it--01C0cD<-i 

i-(OCO»OOOSOCO 

1-H l-( -^ O 



O'-tC0i0M<CNM*C0C0 
OOCOt^M^OO'^rt^M'UO 
C000t'-00'<J'OO»0C0 



1-. f-i CD I-" 



t^ 01 r^ CO 

i-( O CD »0 



OOTflM O 
CO'cicO O 



COtOOStOM^Tj^iOC^CS 

ooo-^'-'cooaicso 

i-lC^t^Oir-ll^CO'OCO 



lOCSOSrHr-^c^M'oot^ 
i^oor-^coi-ii-Ht^ioo 

CDCOOOM'O^COOOS^^ 



.-tCOM^C^ ' 



t--ajcooi — t^oooico 

lOOOOSOiOOOOOO'-* 
i-HC^CDCOCOCDOOOOO 



r>.COO'-'^<N0505CO 
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C4M«Ocot^cocOC^<M 

t-T^ lot^t^co 



o-— "Mcocnttm;^'-" 

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lOO 

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b. 1 1^ 1 1^ I 1 1 1 ■<)< 


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CO 


M 10 lO 00^ 1 1 1 1 r^ 

10 t^ CO ■<*''^ 1 1 t 1 ■<*' 
IM rt (Nrt(N 1 1 1 1(35 





'251 

'174 
'260 
'141 
'222 

"""'"910 


1 


3,651 
2,687 
6,911 
3,971 
5,017 

"'"'i3,'7i4 




05 
CO 


00 TO 1 1 -H 1 1 1 ■ 


t~ 


3,618 
2,672 
6,853 
3,945 
4,930 

""'i3,"53i 


CO 


'844 

'340 

'319 

26 

'205 

"'""9,"502 


05 


1,594 
1,550 
3,418 
1. 3.55 
1,589 

9,"590 


10 


178 
74 

467 
1,190 
3,325 

"""'i,"78i 


s 


OS ^ -"J^ -^ CS 1 1 1 1 f-< 

.-< »oro • 1 1 "^ 


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MO) cr t^o 1 1 1 i-H 

OS -^ 'tj' t^QO t t 1 1 ^ 
00 1^ 00003 • 1 1 liO 

III; 


00 


10 


2,034 
2,139 
5,079 
3,657 
6,186 

"""'22,"424 




642 
458 
924 
818 
1,158 

4,'654 


05 


549 

707 

1.816 

1,202 

1,806 

5,'i55 


10 


■^ CO OOCOCO 1 1 1 lOS 

.-> OS ^ r^ -^p 1 1 t ' M 
»o »o 000 1 1 1 • i-< 


CO 


00 f-<oa>o>rt 1 1 1 

M MCO—I „ „ 111 


2 


Under 50 

50-100. 

100-250- .-- 

250-500 

500-1,000... 

1.000-5,000 «.. 

5,000-10,000 « 

50,000 and over 

Classes grouped 






STATISTICS OF INCOME 



83 



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coooo cc osos 



Oi CO •— ■ O -^ -— I 

rf 00 »0 03 00 »o 



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W3 05 «C Tt« CO CO 



W CO 03 CO 00 l>- 



eoOMt^oii^ 

CO •— ' O —' lO Oi 
iO CO Tf t^ lO CO 

odod »0 cXcO CD 
^^ TT Ol Tt^ GO 00 

cscs cococot^ 



£*- ■— t Tf* CO Oi CO 
S rp OS 00 OOCO 

o r* lo 00 CO *^ 



OS C^ "-I »-> "-H ;0 



t^r- OOOi O r-t 

CO »o 'fj* CN r^ --< 

»0 OS — -- (C Oi 

oo-^^'b-'r-To 

O'^ OS CO CO CO 
CS C4 CO CO CO t>» 



C^ O CO wo C4 

lOcO C lOCD CI 
OS C^ OS rj- OCO 

i-TtC-^co co'o 



C^ lO CO CO »o t->. 

O OC OS CO O CO 
00 <M lO CO lO ■<t" 

od^OtCuO GO CO 
C^CO CO t>-o t^ 



Tj^C^COOOOO 
OS go CO r^ to oi 

CO Or- CO CO »o 



rH-^OOOr^O 



^ (N 00 ^ ^ r^ 

O O CO t^ lO CO 
CO to 00^ OO 

•-Tco tood CO 



CO ^ CS t^ — ' CO 
OS tOoOC^ O-H 

CO t>- »0 CD (N 00 

loococs tood 

^C^ CO CO CO CO 



OC^cOO-^O 

Tt| o :r OS cv» OS 

NOOO-^ t^CO 
CTC^ CS CO to CO 

kor-toooco-^ 



i-( CO tOOS OS 



OS I^ CD OS •-' t~» 
t^ t-" CO CO t* 09 
OS CO lO 00 CD OS 



1— t CS TP to t^ GO 



O -^ O t^ CD to 

r- CO OS c^ CO CO 

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CD -^ CO -^t^ OS 
C^ CO »0 to CO to 



000t3 2 

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to C3S CO O O C^ I-^ 
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1— " CO to •-* CO t~- >— < 
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CO O CO <-« C^ OS to 

r^ CO o o c^f os" CO 

1—1 ,-t .-I »-* c^ ^ 



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CO C7S to OS O b* O 

r^ to o OS c^ od CO 

1-H-. ^ ^ _ C^ ^ 



00 r^ Tj* --* 1-1 CO OS 
to -^ •-< t^ to •— i r^ 

t-* C^ C^ 00 !>• TP "^ 

to -^CO CO CO to GO 
to CD CM OS CC CO —t 
CO »-* C^ »-" 1— to cs 



Tt< r^ CO o -*}< O "■ 



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CO to 1— OS r- CNt -— < 

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o^ci^odc?^ 

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CM Tj- OS -— I CO to '<*' 

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t^ -^ t^ 00 OS CO CO 



<D r* CO CO O Tf< CO 

CD ^ CM CM OS CO t^ 

CO to CO i^ r- CO r* 

»o" to to"*-*' O -«1- to 
ri CM CO --i CO 



CO CO '^ -^ 00 OS CM 

to f* 05 r>» r^ CO to 

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■^ CO CO »-t CO CO CM 



CM Of- OS t^ C 
i-h" TjT CO O t>-' t^ fH 

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■^ '-' '^ rr -- -— ' — ' 
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CO GO 1-H 00 O CO rC 
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OS — OS CO C^ 00 t^ 
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Tf OS to OS o r>. lO 



CO OS to CO CD O OS 

CM rH to r* OS 1— to 



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to ■— < to >-< tow 



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OS CO CM t--. CO CM t- 
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o to OC<» OOOOO 
»-• X> to CO 'rji >-- O 

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■<*< -^ TJ« 1-. -^Sl 1-t 

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CD^ C^OCM CMCM 

t^ -^ r^ to to OS CM 

CM CO CO 1-H CD t^ CO 
i-ti-H ^ to .-I 



r>. w Tj« o to r- o 

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CM-n'iOcDOO 



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to to CO f- CO CO CM 
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CM -^ t^ to CO C4" CO 



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t> -.^ CM tC CM to oT 

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CO t>- O 00 --H r^ CD 
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CO CD -^ '-' OS ^ CO 
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3* 00 CO to CO t^ CM 

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oS§°o 3 



^6 






STATISTICS OF INCOME 






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100-2 
250-5 
500-1 
1,000 
5,000 
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50-1 
100- 
250- 
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1,00 
5,00 
10,0 


=> C3 




50 





STATISTICS OF INCOME 



85 





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00..-. 
250.. 
500. . 
1,000. 
0-5,00 
0-10 




o 


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f 


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a 1 oiogg 

K^ O o lO o -^^ 
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208 
384 
1.229 
2.219 
2,289 
6,241 
2,335 


It- 


i 

CO 


785 
1,044 
3, 564 
4,462 
3,886 
8,926 
2,177 


■ CO 

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o 
f5 


803 
1,049 
3,616 
4.613 
4. 068 
9, 599 
2,359 


• n 

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a> 

CO 

00 


32, 212 
31,900 
89, 929 
83,150 
67, 621 
116,811 
37, 695 


loo 

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05 *C »0 W Oi lO 05 1 
CO CO lO OO •>»• — O i 
CO t^M -^ 00 lO 1 




t— 

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31, 565 
31,500 
88. (lOH 
81,173 
65, 974 
112,905 
36, 194 


> 00 


CO 


684 
3, 234 
12, 238 
19, 133 
24, 196 
57, 225 
34.926 


i 

■CO 


CO 

o 


8.150 
11.176 
34, 649 
36, 355 
30, 597 
80, 267 
39. 641 


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264 
499 
4,780 
4,026 
7, 602 
18, 627 
808 


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§ 

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477 
875 
2, 765 
2,333 
2,292 
7,800 
2,856 


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3,696 
4,507 
13,326 
11,040 
9, 843 
14, 233 
13, 266 


ii 

IIC 


00 


14, 204 
21,411 
71, 274 
74,038 
78, 460 
187, 824 
94.689 


i CO 


00 

s 


4,442 
7,291 
24, 307 
27, 272 
29,179 
80, 882 
49, 723 


18 

llN 
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05 


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■w>o o'oiac — o" ' 

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4.745 
6,719 
19, 728 
18, 655 
18, 492 
38, 279 
15, 960 


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co 
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Under 50 

50-100 

100-250 

250-500. 

505-1,0)0 

l,00O-.5,000 

5,000-10,000 

10,000-50,000 ».... 


go 


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ire 




ilN 




— — ■* — . 








• lO 


00 










■ o 




co-^" — — CO — t- ■ 


■ 00 


,_ 




'CO 


05 




. ir~ 










(N o ic eo o •» CO ■ 


■ i.-^ 


CO 


00 «Cd t-dOCO 1 




CO 


— 1 — CO CO CO r- CO 1 




^ 




• CO 












It- 




OS 00 00 IN oo ■»*' lO 1 














■ ire 


t- 


oo m t~- ^- t— CO CO ■ 


■ -^ 


^^ 








(N-* CO O O — t- ■ 






CO — CO t-t-co — • 




^ 










ICO 
















oc OOC Ot-CO i 


■ CO 










— IN CO co-re — 1 




CM 


ire — CM i.*: cs — »re t 






O t- CM -^ CO C^ t— 1 




OJ 




•— ' 






lO 


00 


,-1 — C<l IN CO •<(< IN 1 


1-^ 


s 






CO 








O5CO00->r!Nd „ 




^ 


'"' 




•* 


; ; i ; ; ; I i° 


a tan 




50... 

a'.'.'.'.'. 



'.,000.. 
0,000 
-50,000 


"3 
o 




H 


»gsg--j.j.gs 


- f? 




Unc 
60-1 
100- 
250- 
500- 
1,00 
5,00 
10,0 


50 







86 



STATISTICS OF INCOME 






Oi p fc< .- 






w an 2 M 



OS 



"5, 3 T3 ta -d « 



Ph fe 



O OJ O O "I 



CO 3 «.a 



o « o •£ •- 









-*^ rt - o w 



I^-C' 



00 OS lo o ec Tt< c<i 
-rt^ »o r- CD lo »o CO 

.-< CM CO CO 05 05 "* 



f-H c^co «— »o 



i-t lo r- GO 00 o "^ 

■* .-I CO *0 CO lO Ol 



00 00 OO 00 1-' 00 «-< 
<-H t>- 1-H CO 00 00 lO 
-^ .-I Tf" !>. O lO 00 

f-T -^jT lo o -^ CO 



<D h- w:i to »o t~- o 

00 IC T-H t- 05 t-- CO 
O ^ COOO^H CJ to 

lo oT r^ -^ oT krf cT 

»-( C» E^ 00 i-H ■'tf- M 



»0 Tt* O '-' O CD Tfl 

or*oo>co<N CO 

CM t-t f-H CM 



lO 00 »-i CO lO lO o 
CO TT* CO 1^ t-- »0 1-1 
t* 00 t^ I^ CM CD r- 

rcDcot^Tor^ 

■ - -J*-" "* CM 

fH CM —t 



r-1 CM t^ 00 »-' : 



CM »0 r^ 00 CD CM o 

lo o ■^ ^- i^ •— ' CO 

OOt^i-f OsOOOiOO 
CM o t^oTO'^ 



UO CM t>- CD -ff CO ^ 
OS 00 CM 05 00 O CO 
CM lO O ^ COCO O 
CO CD 00 »-H lO tC ^ 
i-l CM CO >— ' CO 



r-( t^ ^T lO <X> C 



■«*< »o r^os <N 



1-1 Tf Tj^ CO OC OS <-H 

i-< -^ 00 CD O lO <-i 
CM -^ OS CO CO i-t lO 



t-lCM'^^O 



-* 00 '**' CO i-< OS CO 

^ lO OS »0 1— I CM •-* 
lO 00 OS OS 00 lO cs 

i-T cm" r>r co" os" os" oo" 



O OS CO to h- -^ CM 
00 CD CO "^ OS 1-1 Tt« 

CO 00 w -tf CO r- CM 

CCT CO" iC t>^ cm" CO CO 

1-1 "<** *o OS OS r>. 



cm -^ t^ C^ OS CD >0 
r-tCMCO'* Oi 



CM lO I-- OS OS -^ 00 
CD ■^ »0 O Tf «0 ■— < 

CO o -^ -^ r^ CM lo 
^"eo oT f-T CO i-Teo 

iM^tPCM 



rj< O tC "^ CD '— t 1— ' 
•*t< CO O CO o »o o 
CO CD O -^ O OS t^ 

CM" -^ CO" »C CM*" •^'" i-T 
1-1 1-1 CM iC CO 



* CO 00 00 i-< CD CO 




Si-lCM*0«-i*Ci-<*0U/ 



oocMcct.ocDoou::»o 

CO CC CM CM 1-1 00 OS 



CDOOCOOOOOOCOt^OO 

'^OOOiOCO— 'CMt^iO 
OOOO-'J'CDCOr^CM'^OO 



* »-< CM 00 CM CO CM 



»000'-'r^COCDCDT}<0 

■^r^OS'^'<*'roooo»o 

OOOOCOCDCM.— t-t^t^ 



^ rH CM 00 !-• -^ CM 



TTOCM-TfOOTfOSiO 

oocooo^ '— ■ 



So Tf OS lO 
O CO OS ^ 



lOi-^CMThh-OSOOOO 
rHf-iCMCMCMoOCOCOCO 



COCOb-CCi-iCMt-wt^ 
COf-tCMt-i»-ico-t'CM^ 



ioo"*os'^oob*0'«** 

COOOi-'CMCMCO^CDiO 
COOOtTOiCMi— 'COt^iC 



iCOCMCOI^r-OOCDC?S 
r-HrHCMCMC<tO0CMt^CM 



coi— "CMr^oo^^oor-co 

OOtPCOCOOSCMOSCOCM 
TfO— •CO'^J'C^JOOCMOO 

cocM*~ Tj^cood^ooT 

r, r, CM i-< *<*< iO 



oooicr^^r^iococM 

t-io-^CMos— '1— "ccTr" 

-tf-^fCDW^i— (t^TfOOOO 
CO CD O CO 00 t>^ lO l< CO 

t-< ^ 1-1 CO CM r* o 



OOi— iCOCOh-'^OCOOO 
«-i'^i-<CMCMt>-iOi— "OS 
lOlO-— "r-«^OOSt^CO 



CO CO -^ *0 lO O CD 



CMt^»OOCCOTt*OiCOCM 
C^StOOOCM'rr'CJ-^T^CM-^ 
Tt<COCOOOSCOi-<i— liO 



»-H CM Tf u:) 1-1 o o 



cocO'^ro^'^oor^cD 
CD"^r-CM»oosr-coco 

■^COr>-COh*r-005iO 



)con<cO'-'t^co--?*cD 

*-"CM »-i CM CM 



CMCDiCOSCOiOTft^t* 
CMOSOS-cfrrcOrfiOCM 
iCiOCO-^t'-OOuOi-) 



00 OS i— r^ ici Vh o t^ ^ 

CM CM '^ 00 O CO OS 



oooo*oooiocoo»oco 

(-HOCOt^OOI^^Or-l 
1-iOOt^iOtOOSOOOCM 



coeooscocooc^cor* 

»-t CM 0»Ci—CO 



t^OOiOOOCMCOW^uO 
OSCO^COOOTHCMiCO 
iOOO»OCOCDOOM'000 



»-( rHCO'^CD 



O COOS' 



lOcOl^t^OOOOOSiO 

COCOCMiOt^'^CMOO-rt* 
iOCO'<J'i-"COcDOSOCO 



CMCMrJ<iC^O<-t»OCM 



"^TfOOOSCOt^uOCMCO 
rtiCOCOI>.CO00i-<»-i 



oo "^ 
OOO-rl 

S5-oa 



I— 'tCi-lCM*Oi-HtOr-.iO 



STATISTICS OF INCOME 



87 





lira 


CO 








r-H ec 00 »o •*»' as "2 ' 


■ <3> 
























.(N 


,-( 






s 




















leo 






1 ira 


00 
































t-OSOlOOOlN 1 


i(M 










■*M(NOOO-^ 1 


















03 t^ C-) (M CO C» to 1 












SSS^SSg 1 




,_, 










o> 


Mo'-a<'(N"-r-r 1 


1 F-T 


(M 






CO 


00 C^ -»• M CO Tf t- . 




cs 










■ 00 


■^ 


























-.oco-j-or-o . 




o 










1 -^ 




cso-.o-J-To-o- 1 


















Ti- ^ 40 -r o u, r^ , 


|(M 














to 
























■^ 


C-J -H 00 (N tC CO I^ 1 
























rtc<f>o-|v"co''^o'' 1 












00 OS -. Tf lr~ 1^ ^ , 














■ 00 


o 


cie<>oaom>o^x 1 












QOOt--HWOSOO . 














■ 00 


T-l 








C6 r^ m"-* m"t~ CO 1 










^J< 


00 — ^COt^CO-H 1 






S3SSSS5SS ; 






■ CO 
























■ 'J' 


lO 


Tf u^ ^ CO 00 TP 00 . 






o>OlMOl(^^ooo i 


■ o 


































O IC CO CO 't' I" — 1 1 
















M 


















03 


-H o 00 <N Ul CS t- . 














■ o 


















■ o 


CO 


CO r- V 00 C) Tj. CO CO 


_, , 


«o 










* 1 




N 




TlH 




ii 




1 1 1 ! 1 lo!S 


a >^ 


* 




Under 50 
60-100... 
100-250.. 
250-500.. 
500-1,000 
1,000-5,00 
6,000-10,0 
10,000-50, 


o 


03 to 


H 





2'°|^?3§5'" i 


iO 
JO) 




' 9, 642 
' 3, 619 
'5,414 
' 3, 890 
' 4, 787 
' 7, 745 
'1,077 


<00 
100 

i?f 


CD 
00 

s 


' 9, 456 
' 3, 497 
' 5, 276 
' 3, 687 
' 4, 490 
'7,012 
'1,039 


■ CO 

IS 
loo 


2 


121, 752 
54,924 
76, 194 
62, 578 
53, 935 
91,472 
40, 163 



■ IM 

■ r^ 

■ ta 

'lO 

■ Ttl 


05 


25, 656 
8,537 

11, 579 
5,426 
3,230 
2,993 
351 


in 


2! 


94, 638 

45, 827 
63, 007 
55,921 
49, 550 
85, 772 
39, 116 


ICO 
■ OS 

i(m" 
ICO 


IN 


' 33, 718 
' 8, 317 
' 4, 582 
'4,414 
' 7, 647 
21, 797 
'651 


ii 

■ (rq 


00 


62, 319 
31, 264 
41,941 
30, 770 
24, 994 
30, 101 
6,699 


■ CO 




6,114 
3,938 
6,440 
7,270 
6,713 
13, 879 
12, 706 


■ CO 

■ Ol 

iM 

is" 


CO 


6,779 
4,510 
6,723 
9,757 
7,229 
23, 259 
24, 611 


llO 
■CO 


00 


33, 786 
14, 998 
23, 183 
17, 787 
29,993 
41, 566 
8,238 


IS 

■ 05 

lt>r 


00 


84, 869 
51, 267 
82, 396 

69, 339 

70, 177 
140, 890 

69, 813 


■ OJ 
IS 

1?5 


o 

o 

i 


36, 463 
19,997 
29, 998 
24, 534 
28,353 
45, 214 
17, 469 


i-rt" 

i° 

loT 
■ -^ 




7,194 
5,079 
8,966 
7,042 
5,363 
10, 457 
4,183 


lO 

IS 

IrfT 


CO 

2 


25, 644 
12, 664 
19, 192 
14, 734 
14, 657 
25, 784 
14, 852 




to 


coooc-io>-*oooco. 
ococoosot^ __ 

,— t t* lO ,-H rH ** ' 


■H 1 


CO 


Under 50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000. 

5,000-10,000 

10,000-50,000 « 


H 

t- 

p M 

C3 g 

Bo 


"3 
o 



Eh 

o 

t> 
p 

O 

« 

Q 
g 

ij 

•< 

Q 
Z 
<! 

O M 

< 

O 



O^H'^OsOSTt'coO-^ 
■<!t*OIOlOO!Mt^cOtOC^T 



CS*-HCOl^COC0COCO00 

F-t '<*« c^ r>. OS 



t^r^-q-r-oocO'^-^o 
t^iocDcocot^oboso 

OSCS'S'OSOOs^OOCO 

cf co" os" ^ o oT os" uo t^ 

•-< C4 to CO 0» «D 

■^CSO"^OOCOOOCM 

csosoO'-'cocMr^csc*^ 

OSCSiO'Vt^(NOSt^'-i 

of co'oT to O to O «-H o 
•-•NCO-V -HC^ 

ooeot^cocotooooot^ 

OSt--r-HW^^C^^CV) 

cowtoostor^-^-^oo 

o oT cd" r^ t— " --I^ f-T r^r o 

cOto-^cDr- iiorooot-- 

i-t i-i 0« to CO t>- 00 

COCOOS'^-'t'Tt'COOOOO 
OOtocDiOOt^t— to 

t^t^r»t^toos'-«r--oo 

f-Tofoft-H-Vco 



t^Olrfi^OOSOCOCO 
I^OOStO^-*(Nt^OltO 

^-tOSOS-^Ol^OOOtO 

os" rC CO -^"of CO to t^ CO 

lOtOrJ-COi— leooitoos 
1-1 .-1 W to CO l>- t^ 



COCO-^t^COC^TTitOOtO 
^CDCO^^COtOCO-* 

to •—'cT of to oi ■^■'oo 

Ol CO to OCOO<N 
N f-iCOtO 



coococ^oo-«!j*o<cot^ 

0)OSt~*i— <t^<— "CStOO 

r>-csos-v — tooooOTj* 

I-T CD i-h" CD 00 rr" CO t^ O 
i-li-ITpTTCOtOCOCDCS 



coosr^coos'«j<toccco 

r^osi^"— 'tocDcocoto 

co-^t^-^toocooos 

^ CO o CO ^ oo" 1-H tC 

T-( ^H CD^< M O 



oa<— '<— iost^o*«-<oooo 
Q>QOC^ioosh>-TrTri-H 
^ooosascocDooto<-H 

of CO CO i-H t^ 00 t^ 



OSt^O^HOSOsO^OSO 

0000'— 'OOcor^ososco 

C6COOOSCO'— •'— 'TfCO 



•>«1»OtolOco^*oscO'-^ 

*-t i-H Ol t>- OJ ^ 00 



t^OOOOCOOstOt^OSOs 

oooo^oootot^oot^ 
cor^os-^osoojoito 



os«-HOioicDror^oto 
•-tcoosoit^co'^fti -- 



i-H i-H CD CO Ol ' 



O"<rooos>oot^r^o) 
cscsc^coTftor-ooto 

OOOSOS'^OOSOIOSOS 

■^ Os" oT oo CO OS Os" CO ■^ 
Oi CO to O CS '<f OS 



to^Ho^r^oocst^t^co 

tOCO'-tOOCOOOOtO'^ 

oji-Hco^^or^'—ooos 

•^ CD CD CO -^ cT TT CO ^-^ 

•-H oi CO o CD oo <-l 



iO'^COtOMOS-^OOCO 
iO'-HOSOSCDiO'— '•-^■^ 
t>-OCDt^OOIOSCD«-H 

CD O 00 -^ O CO O 00 ■^ 
t-ICMCOtOCOOOr-tC*^ 



OCDO»rftO'-'»-icDCO 
"^'COt^'^J'tCOiOtOrH 
OS TP toco 04 CO 









=;""7C>cioo 
iioggSS. 



ooo^ 



2-s « 

o oc 
oo 



■'iO^O?iO»-f"3^-ltO 



88 



STATISTICS OF INCOME 



s s 



03 .S S'S 



o ©"Si , 



o'a 



ii'S o H w 

■-" R I; I- o 

ft O*"* 



H0S 
o « 



w O- ^ w 

X oil C..2 



o1 









g a g a« 



o <» o ■£ -2 



2^4 iai 

6 ^S ft-2 & 






3 fe 3 ■ r ^ » 









t^CNCCCO'-'fM'-HCN^ 



lOCO-^^iOi— it^C 



^ t~ ^»- *^^ 






lOCO-^-^-^O^GCM 






oo;0'— icoco-— 't^oo 

»o CO "-^ oT lo" cd' CO co" CO 
" — — ' — . o t^ 

•^ CO 



Tpco^-^t^»oi>-c: 



C»C^iO05C^00C0t^O 
■^Ci00i005<0"0O'C' 



i-H <N »-t '<t< CO 



OC000C0O0S<Nt^»0 

cso;05"^oooocDco 

CRC^COOOU^-— 'OiCDQO 



-Tj^cQiC-^^-^Ot^OOCi 



.-H-^JicDiO-rt^cOCOOiC^ 
Tt^OlO'^CO'-lr* O^O 



r^Oi'^"^co<N -rt^ o 



c^Tf^cooO'-'-HCsai'-i 
■^coot^coocoo»o 

OOOOOC^X'-tGncOCO 



CDCOCOOOt^COiOC^CO 

coc^Tj<cO"<r'Oi'*'-<'^ 



CC'^OOt~--COCOt^COO 

CO CO 00 t^ t^ C? <Xr 00 N 
i-H CO Tf lO 



t^C^CO'^iOCOi-HO'-" 

-^OOOOCOO'-iOiCOC^ 



C^cs-^-<^OiOOCOCOC^ 

rH r-( C^ ^D 



oco»o»oioaioooo-^ 

COCO00<N0000'ar't^C^ 



t^OiCOOOO'-HOC^"* 
1-1 CS ^H C^ »0 Tt< CO '^ 



<;o--'X>(>)ocooo»ow 
c^^^^t^cooooco 

cOCDOOu^'-'Or^lMOi 



^-COCOOltOCO<NC^CD 

cocor>.(£)0'-'C^'^'^ 

I-H (M I-H l>. t^ 



OOCOCOiOTt<iO<NiOOO 

coc^iocD^Tt-coc^r^ 



i-ti-HC^C^'^PO«Di:000 



Tj^OOOi^CS)rt*»OOCi 



'tO'^OiOsCS'^C^CO'-H 
rH(N ^OOt^ 



CO(N»or^(NOOiC^CO 

r^oo'oco'^tooooo 

t-^i-HC^Tt<CDOCOCOU3 



OOOO'^'^OiOliCOSC'l 



ooor^oo':Du:l^^I-^(^^ 

CDfHCOOi'^O'-lCOC^I 
lO lO -^ T-1 r-H rH 






i 8 S ° ■« 

O -O -H I 
_- I I O O 

V oooo 
I oooo 

lO ^ O I-H iO 



^HCOCO^'^OS<-Ht^Tj* 
r-lC^t^»C0050SOOO 



COOr-i-HiMf-HiOOil^ 
OCJO'^tNt^OOi'-H 

locoor-cscoo-^o 
c^*" cs ■«i*' os" oi od CO 



OiC0CDO5'*''-HCOr'-'^ 

<-Hor--cocoooiC5cD 
»ot^ooocooooooco 



■-HOiOiOOt^iOCOt^t* 
CDOCDCOOC^(MOO'-H 
CO(MOOOtM^C^(MOS 

w c^" O t-T cT co" o <r f-T 

«-Hi-tCOCO»OC"OCOCO 



t^(MOO'^t^COiOOOuO 
COCDiMOOS-— <t^COC^l 



C0O00t^OCDTt*0>^ 

"^oicocoocor-cTi-H 

GOoOOiO^OOC^'^ 



i-Hi-H(MC0'<J*O"«r'»OiM 



'MI-*C0C<iCDO'*0i»0 
OOO'-HC^O-^COCD'-H 
COtPO'-hO^O'OCSCO 

*-r TT CN ic cnT oT b^ 00 

1-H I-H lO C^ O CO 



iO»O(N00C^C0iOC^O 
COOi'-HOS'-<CO--HC^'^ 

■^lOL^co-^'-H'r^t^t^ 
^ i-t c^ w -^ oo o 



•-HiOCIOlO^T-HCOC^ 
00iO't<Oit^'fl*t"-COC1 
i-H-^0--^Oico:o<:ooo 



CO CO CO O 00 "* t^ 



C^tO(M00C0-*O'-HC 

c^coc'jiooir-ioio 



1-H ,-H CO —• C^» O 



0000»OCOCOC^C'lCOCO 

f-HT-TTrcoioodcot^od 



ooaicococo'*''-Hioio 

COoOCOOOOCOtMO-^ 
OOCO'OOOCSCOO'— '05 

t-^OOs"orod'--"cordo 

i-hCSCO^OOOOCOO 
1-H r-1 '^ C^ 



CO<NOTj<rJ*OiiOCOiO 

»0.-hC^»OC^COOO*OCO 

Cf tJh' CO t^ CO CO C^ CO CO 

"-H .-H (N 05 -^ O O 



CO»Orjir*4Tt«OOi»Ot- 

cc^-ooiocot^ooo»o 

COOOr-H.-IOiOS'^OlO 



i-i.-HiCt^00CO»OCO'«t* 



(N r-l -^W 



Trp.-HTj^'.^Ot^C^CO^ 

ocooo-^coco-— -coro 

COOOOi*— 'COO-^--" 



C^C0l>>00CO'-"^CO00 



.-H CO N CD CM 



COCO(NC0(NO5t^00eO 

CMTt^O0'-«00l>.»-l'-H 



5i 






lOO '^ 

; dills 



STATISTICS OF INCOME 



89 



r-* i-H Tl< ?C ■<»' CO 



COOCDOOO-**<MCN 
CON'^COCOOSCC'^ 



OiC^iOCCCOt^C^JO 
lOlM-^GpOTft^TrOS 

cc c<r -^ M CO cT oo CO 



COCOC^Ot'-iOtDC^ 

cr^od'cO'^*"fCioad" 



00 C^ CO CO c^ 



0000(Nr^'-'(NCOCD 
iOc0C0^lM00O»O 

00 '* o csT Tj-' i-T fo t>^ 



»O»O»OI-^Q0t^00-rt< 
CDCO— 'O!X5C0I>.-^ 

I-Ticioo wodr-T 



■^«300t^Oi'— '0000 

coa><Mt^cooo'X>o 

CS O" N O CD OO" lO C^*" 
C^CS"<J*'^C0050-^ 



CO00COCD00O5CX)CD 

'-•.-HosaOcO'— '-<rc^ 

OOcO.-tcCxCCOC^OO 

f-H c^ CD if5" oT -^ t-^ -^"^ 



<D>-tC<I(NOi*CCO'-< 
^"TfOiOS-HiOCOO 
0'0005'©^t^0 

cf CO*" t> y^ O 00 o --r 



c^oi0^^^c^co»ool 

1— ic-icO'-HtOTPTr'ai 
Tt^ioco-^t^-^c^co 

oT t^ lo c^" oT CO CD co" 



CO'^OOtMCO'O^O 
lO'-HC^iOOO'— iQOiO 
CO'-'t^fOOOQOCO 



05COOOb-03COt^ 
lO^OiCSt^COt^cD 

•-H tC o ''1^ o cT -^ tC 

»-H^-*CO^^^Oi'— ' 



OOCOt>-t--'^t^OOO 
Ol-^OiO'^iOOOoO 
^^OSOiOSCO'— "O 



kOCO-^-^COCSlTj^O 
OtOCOCOCOiOC^CO 
OOeoCDt^CDO'^Tt^ 



lOWSOt^OOOt^cO 



cot^^c^cooit^os 

(N <N lO O O O --H 
(M -*J4 njH CS '-1 »-l 



■ oo 

OOOt-1 



°§ J 



■^TfC^OOC^CO-^Ot^ 

ccocc-^ro^oc^cso 

lOOOOOOi^cOCSCOCO 



i-Mi000OCSCN»0^ 
CN as CO !>■ 00 



Ol'-Ht^C^MOOOCSCD 
OsOiiMC^<-HC^CO--HU:i 



COCCt^t-HOO-^OOiCO 
r-< M CS 00 Tf t^ *0 



■^OiOiTfOOOOCOt^l^ 

.— (crooo^c^<MOC^o 

00— 'CD^-COCDClt— 5— < 



cosDr^'-HQi'-HcO'-'":! 

— I C^ C^ 05 •<*' Ci 05 



10(NCO^*OCD'^'MC^ 
C^OOiC^CO--HCSt^O 

tDOOOCiOiOOO'-'t^ 



COO'^O'-'COOI^O 

ocoooi—'Oco'^rt^vo 

r-ii-flNCO-^O^OOCO 



i-HTftMC^CDCDOOlOl 
CDOuD:DOtJ'CMO>00 

^coooocDooicr^M 



COi-HCOWi-tOiC^TPi 



OOlOOCDCDCDOCCOt^ 



05I^00tPi0^»0O(M 
i-iWCOCOO»OOOi— I 



cDO'-HOcot-oO'a^'Os 

OOQOOOt^COOTPOO 



COCCOCDCOOO^DfM 

r-iTrooooo— *oor^ 

--HCO<N ^"3 



-— 'C^OS^CicDiOt 



»0 O CO o o 



I-' O CD Ol '-< '— CC C 



^OCOCDi— 'CCOiCDiO 

CO-^O'— 'CD'-'CO'— 'CD 

I— t i-H I-* ir^ c^ CD CO 



OiOOOt^(NTf-^f<CDC^ 
Ot-'^CCDI^C^IiCrfCTS 
00-^t^C^OlI^OCOCO 



«-tco-^coco»coioi^ 

«-t C^ CO CO I^ CO CO 



Ot^CTJCOTPt-tC^OO-^ 
OOC^'^C^COC'IcOCOCO 

t^ioocoocct--ooc^ 



f-iCOOiOO"^CDX)-:t<eO 



cooii>-^^Mccr-(>» 

CSOOJCOt-tMtNrJiiO 

■^CiOiccr-cDr^t--^ 



i-^coi— lOCit-Hcor^Tf 

»-tj— (COCO-^OiOCvlCD 



cocscot^r--— «r-Ht--.t^ 

TjHcD'^*Oi— lO-ir'-ooo 
oa)-^oocociTj",-(Oo 



OiOlOeOMCOOltMO 

^r^(Mr^oo'ocD--fcD 

W C^ CO C^ CD lO t-- 



■"ST^COCDC^OOiC^^ 

os-^oosdoo'coco-^ 



lOCOCDfM'^riClOiCb- 

i-iCSt^OCOC^O-^l^ 
<-< -f C^ lO CD 



ccc^r^h-OT^o-^oi 

CDQOtCt^O-^OOI^-OO 



OOOOiOWeOOfMO 

r-H.-H^CDa:t""-COCOO 

c^ ^ ^^^ CD 



»-»C^IC^CDt~-.'-HiOCO'^ 

cocooocooocot^r^— I 

CCOOCNCO-^OOCOiOOS 



QOTfcO-— '■^ai'— 'lOOi 

i-i[NCOt^CD00t^(N(M 

CN 1-.CO o 



(MCDOOC^^-Tf(Mt^co 
050iCDt^'*'t^a)I>>C^ 



■ o "^ o - I I A o 
> o o w:* oH^-o o 



COO>iOt^C^iOOOO<D 
t— CSM«CD»0'-'t^C^iO 

Wt-H-WOOCOOOr-iCOOO 

t-^ ^ ^ ^ Qi 



t^o»ooo*or— ic.— "CO 

CO00C^COi-'»O»O00t* 
CT>O'^00C0t^'^CSO 

CO oT cd" r>r o o o .-T oT 

»-t^ »-''-HC^iOC^CD»0 



t^^cOC^I^CiCOt^'-* 
COCOC^COC^O(Nt--CO 
OO'-'^iO'-HOOOOO 

CO oi" cd" t-T oT 00 od" *c" lo' 



CXiCO^O-^rfCOCOOO 

oo'^t^coi>-'^oor-"<»' 

CO'^Cit^iOOiOO'Vl^ 

r-T lo" r-T oT o cT CO r^ cT 

COOOt^CDC^-^CSIOlO 
l-H l-H ^ C^ »o CS 1^ c^ 



OOOOtOOi— 'OlCOOOC^ 
CDOSC^<NCOCOCO'-HTh 
0»0^--^TpCOCOt^Oi 

lo r-T cf of i-T c^ CO c^r o" 



OSI^C^OOOI^CSICO^ 
t^-^t'Tt-'efCiCCC^CDC^ 
COt-M'COOiCOOCOCO 

lo" c^r F-T TjT ^ co" CO (>r urT 

C^GOt-CD'— tCOt-fl^CO 
r-l 1-1 »-l N lO (N t- .-H 

^ I co" 



•CO 1-t 



lor^oc , 

COC-lCJit^tNOOit^Oi 



sOjOO r}^ OCD 

_ --C^OOit^Oi 

OOCOOOIC^^OCOO 

CO -"-T -^jT c^f -^r" ^ oT CO »o" 

CDCOCO.— ".— (GSCDCTJiO 



rH est 



COCD'^t-'^t^OiCOr^OO 

ot-oior-^occ— 'CO 

Oi'-«OOor^t--COCDt>- 

od" otT cT (>r od" cd" t-T o t^ 
osr-r-^cDoo— ^Orf-^a^ 

i-H f-t r-l lO CS t^ M 



CO CO I CD 



CO l>- l-H CO ■-< CD 

CO(N00O.(Nr^CT3.--CO 

t^OOCMCOOlCnCMOO 

00 ■-''^ cT '^ o o" to*" CO '^ 



rJ-iOiCCOCMOiCNC^Tt* 

cor^t^ooc^TPO"<j"oo 

l>-OC00001'— ii— '■^00 



t^ 05 CS Tf lO CD C _ . . 
<M (M CO OS 00 <-. 



CO lO 



i-hO-^OO-^OOi— tCO 
OOO-^CO-^OtNOOO 

OO—'OCTiCOTj'OiC^ 

Tji' TjT lo" cd" r^ 00 cT Tj^" -rtT 

-'J'COCDiOCOt^OOiOjh- 



-HCDOL':>csaid'-*i-^ 

OC0t0OI^»0'^OC0 
Tl<CO00'tj*O5t^(>lt^t^ 

i-T ci" oc3" t>r »o CD of ^"" CO 

.— t»-<t-O5O5iOiO00C^ 
i-li-HWC^COr-tlOt^C^ 



cDt^«oOTrcoi>-Oi— ( 

COCOCOOCDCO— 'OCS 
l>-"^'^00t^r- «OOCD TJH 

^" CCT CD (n" c^ cT cT TjT uo" 

•^■^cscooo^iOTrco 

.-1 .— I 1-1 lO C^l !>• CO 



O'-'OOiCOStNCSiCM 

COCScOtTCDCDCOOOO 

»-oou:;oocit^t^ooo 
c^ c^ CO r-T --T t-^ CO r-T (>f 

C^<NiOiOIr^OOOCOa5 



Tt^rpcoC^OiOt^— 'Tj< 
OC^CO'-Hi—C^liOCO.-t 
COt^i— 'Oi^iOCOi— tM 

od' cT f-T co't^od CD cT lo" 

NC^iOTj<iOGOO'^Oi 



■^C0t^t^OC0'-<01'<** 

OoocoTj^r^iooot^c^ 

<N lO t~- 00 iC lO 



130 

5i 



00 
28 



,00 '^ 

jOOO-o 

oggop 
°-"^ '^ A o 

Voi o o 
J,ooo o 

i°°2g 



90 



STATISTICS OF I1?C0ME 



1-5 



"oo fc 






0-, 

^ - ^ 






s e 






Is 



t^ e « 



o 



H °? S 

fl g *= 

o <3 }., 



cc 



^ 






S 2-2 

03 -S Pi. 

^— ' eo « 

col S 

J e o 
pq 
< 
Eh 






_0 (D"JJ 






Eh g o 



S o S ^ 



OS 



3 g ^^ij 



PL, fe 






OT3 3 S^ 

V a o D.C3 



"3 t/;'3« m 



ifS-§«a.2 

— a> S °3 -4-3 



Sac's go-2 



3 fe 3-r.2 ® 



260 
859 
1,493 
1,847 
4,501 
8,510 
6,127 


ii 

ICO 


§5" 


1,148 
1,572 
4,376 
4,887 
7,240 
14, 431 
9,806 


iCM 


S 

00 
CO 


1,175 
1,585 
4,463 
4,974 
7,439 
16, 064 
11, 173 


1C5 


CO 

s 


39, 454 
39, 439 
84,898 
78, 176 
88, 647 
167, 017 
77,022 


1 -^ 


1 


728 
179 
77 
252 
603 
1,244 
196 


p 


CO 
CO 


38,347 
38, 931 
83,909 

76, 798 
86, 537 
160, 369 
73, 369 


■ OO 


88 

■«< 

CO 


704 
3,197 
15, 524 
17, 231 
26,800 
71, 435 
31, 565 


I-* 

1 -^ 




9,007 
10, 123 
22, 381 
26,111 
26, 617 
73,012 
40, 906 


• CD 

In 

• CO 


o" 


595 
1,668 
3,606 
5,692 
8,921 
26, 029 

786 


ICO 


00 


530 
889 
1,788 
2,604 
1,831 
6,272 


■ CO 
• 00 


o 


4,130 
4,423 
7,527 
7,812 
6,939 
16, 823 
6,406 


1 '•^ 




16,312 
21, 968 
63,834 
62, 403 
75,319 
209,826 
83, 187 


is 

Is 


o 


3,592 
6,586 
14, 339 
17, 677 
21,512 
65, 965 
25, 907 


ii 

12 


OS 
CM 


3,927 
6,113 
14,018 
15, 739 
17, 537 
44, 381 
19,608 


IS 

is 




6,709 
7,795 
17,891 
19, 982 
21,615 
53, 914 
22, 117 


■ (^ 

188 

is" 


o» 

s" 


i-tCOO-^OOt^^^ 
lOOMt^OOJ-HrH 


" 1 


00 


Under 50 

50-100 

100-250 

250-500 

500-1,000.. 

1,000-5,000 

5,000-10,000 

10,000-50,000 « 


si 

Ct M 

go 


o 



«O0000'^I>---i00tO 

cDC0t--*O00^tOCD 
CO CM i-H O CO 



Tf^OOSCOiOCOCOCO 

eoost-ojcoOTfcD 

Oi— tCOt^COCMi-HCD 



CDCM-'fCOUDCDCOt^ 



coCMosTj*.— t.— icor^ 
CDOO'-H-^iococor- 

OSr-CDCOlOf-'OOS 

lo" CM* Tj^ CO lo" urT CO CO 



OOOOCM-XIOOOCM 
COiOr-CDOO'-'CM 
t^t^OO-<J"COOOSiO 



T-iCOCMcDi-'CDOOcD 



coosos^coior>.co 

OS^OSCMi-hOSCMCM 



COCOOO^t^'-'CO 
r-iOTt^^OSOOSCO 

COOSiO<-<COOSOiO 

os" cm" ^ lo" o i-T iCi-r 

'^CMrP'*'^05Tj'I> 



OSt-HOOOOOOCD.— iiO 
Oi-ir^OCM00»OCM 
^lOiOOOt^^-CMOS 



r^cooocO'-ttoooh^ 

lOCMCMOSiOcO-^iO 

cn'^r--icococotoc* 
o o t^ urT 1-^ CO t^ CM* 

COCMCOCOCOt-^CO^ 



CO'<**CMi-lCMCOOOO 

CDCOCOOSOSCOCDCO 

ooost^t^cocorrco 

CM cm" 00 !>■' O f-T Cs" 00 
f-<CO "-I 



ost~-toooor^oo'^ 

1— icococot— or^oo 

OSQO"<**OS<-Hr-iOCD 



i-Hi-tTP-^i^io^r^cM 



r-HOOO'^'-HCO.-lOS 
»OOt-^'~'OOOSh-..-( 
t^OOOOlcOTTTrCM 

CD oT cm" TtJ" O 00 lO CD* 
^ ^ ^ ^ CM 



T-H^r^oscoiocMoo 

OOCDCOOOOCMOOCO 
OOTTi— i^CMi—tcOCO 

lo" os" o i>r i-T r^ t^ oT 
coococot^oor-o 



lOCOOsOOOscDiOO 
OsCOCOTfiOOSCDCM 
COtOiOTj^CD-^OOCO 

os" oT o i-T oT 00 CO cm" 

CM CM CM »0 CM -Tj* 



.— "Or^o-^coi—tco 

lOOCMO'^J^OOOCO 
■^TfOOSCOOOOCO 

ooccTcococooTcoor 



I-H ,-( 1-. CM rl . 



.-HCOt^cDcD»OOCO 



OCOCMCO'-HOOOOO 

irH ^ ,-H ,-H CO «-! CO 



'-^lOOO'^^OCMOO 
CO •-< CO OS O OS i-i 
CM ■^cOi-l'-H 



'OS 



ict 



OOT3J ^ 

0,000 o 

o'=°-o-o 



' o o.o . 



STATISTICS OF INCOME 



91 






-H CO -t ■<** (N r 



C^CS 31 -^ *■ ■ 






oorcoc^-— 'QO-^r^ 



C^CC (MO « 



WCS-^J^tOfCOCCiM 



iO O C^ ■^O fO Tf* <© 






oc CO Oi -"j*" "^ c4" oT CO 



CO C^ ^ T^ OS OO CO 

r- CO (N GO (N <rc CO 
CO r^ r^ CO c^ cc? lO 

»C (M M C^ ^ "-H — ( 



■^ooai^-Hooas 

I'-'^r^iO.-'COlMOi 

CDt^COOOiOOCMOC 



ic •*• CO "O CO Oi r-" 

— ' -^ T-. CO c^ ^ 



C^»'<J'CD<-<01COwCO 

co'<fQOooo«:>too 

Oi lo CO oT b^ CO 00 ■<*<" 
^^csi-t^eococ^ 






1-1 c* cs r- o '^ 



-iT O; r-:: OC CO OS CC 3i to 

^' "COOiCO'^OOS 

-^ ^' — co^c^co---"cc 



CO-^CO'^XOO^^h- 

o-^r^cor^coooio 

iOWOOi-'t^OOO 

— r 00 »0 O CO so" O '^* 



t^ lO 1^ -* I^ C^ O X' 

COXCOh-Ol-H.— .CO 



COCO<Ci.~iCC^»-*CS 



"rtXOCOCTS'-'OCO 

OC Oi* oT o" ^^ Th GC Oi 
^- ^ F-HCO C^ CO 



CO«D'<*'»OiCCC-^iO 
■^Oa^^^i-HiOCOCX) 



•^NiCCOCOiO^C^ 



(^OMi^-'doocoo 

— <t^COCO(M»CfOCO 
0500iC<NiNM*Ot^ 

od^eocO'-HcoiOQo 

rH i-< C^ CI C^ Tf CO 



CO t^ ^ O 00 I© — ^ 



. ioSo 
;sao^ 

JoggRfTio 
■S 2 '^"? 7 => 2 § 2 



' O O ^. ^ . -w ^ 

149581—37 7 

















■ o 


c^ 


■-IN ' 


r 


00 




r f— 1 










c< o o ira o> t~ c-» 1 
























** •^ 1 




"^ 






o> 








^ 00 _, _ ot-oo ■ 


'Oi 


Ol 


>0 V5 O to t^ ■* — 1 1 












*~ '~ 1 




*" 














O 00 M 1^ CO ■* CC 1 


COS 


»— ' 




■ M 


ff 
















1 ^ 


^H 








ic to r^ 05 r^ «^ 05 « 




00 






lo 


CDCOtOKIC^-* 1 


'CO 


« 






o 








r^ t^ ^ 05 00 05 o 1 


I-* 


I^ 








o -^ »C « CS CS 1 




M 


'"' 1 








1 -H 


,^ 








lO C^ O ^ CS to Ci 1 




« 




.to 


■^ 




'CO 


to 














00 1^ t^ to -H ,-, 00 1 




tC 






Ol 


00 ■* to ■* ■<»< to C-J ■ 


'•^ 


^ 








C^ ^ to 00 <N O »C 1 








'O 










1 ^ 1 






1^ X O O C^ « "O 1 


1 -^ 


lO 








ic tc u; to rr to o • 


'>re 


o 


Ol 0CC<5 OOC^ M ' 


'C35 


00 


















s 


to CTi ira -• •«• o to ■ 








^ 






s 












^ 


.-' to t^ CC 1^ C^ -W 1 








t^ 


r-^ 00 to N cc CO to 1 




(N 






- 


o c-1 ■* — 1 -< o Oi ■ 


'O 










N cc o 05 o cc r^ 1 




C5 












t^ 




i 






'to 










N t^ O (M -*• M to • 


■ ■* 


•— t 


CC t^ CS 00 o to CO t 


'•»< 


to* 




















lO 00 ■* •* to 00 CO 1 




00 














-0< CS lO CO CO to C<1 1 




s 




-t 1 










oaiNOco — -1 "" 




OS 


t^— . ^ 




o 1 


J 1 ] [ J ] [ <o 






; : ; ; idgg. 


^? 


7? 


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


- M 


o 


'3 en 


H 






3" 




O ^w- 





0:0SC4r--«O50i^OiC^ 

— 'tC^oocoeO'^'^.— < 

t^C0<©-«S'O>t-"^X'^ 

V ci rC X -^jT cT oT CO o* 



I^COCO»OOOSO«DCO 

r-?o»nc^t>.iococct^ 

'nf^OOCOTj^lCcOC^ 

i^ ?d CO TT w tC 00 lo rC 

.-H »-l C^ t- Tt< -- O 



locJocoQoanocoo 



coc^ai«Dco*<*'o^u* 

■^00»OcDOSCO»OiOCO 
GOCOO'^fCDIr^^OX 

co" 00 araro""^' od —J" r-" 

COXCO-HrrcOiO-^O 



COCMt-cOO-^QOC^O 

csco<NO«odsooxco 

COfMC^J^df^CO^-^ 

oTcoirToeocs't^coio 
WQOco^eO'<*'Tt*t^^ 



cco:«cco— "t-H^cso 

Ou^oOOsOs^t^t--^- 

h-QO^CCOOXb-Oi 

CO -'* r-*x' o'c^' c^ oc co' 

^ 1— •cococoL'D— .c^r^ 



_co_ 

J «C CS '(J* <:0 

_ _> »- to " 

O CS -^ X ^ »o -^r ■ 

*'*'*:—*■ 00^ 

. J Oi r^co 

CO— 'OC«ca»^b-Cb 
cot^xcctMOt^r^t^ 

XCJ-— COXCOXOi-— ' 

cf c^^r-To ^' ci o' !o' o" 



CO <£) t^ O CO c , _ 

utUDCOOOt-tCrfiO 



O X Oi CO O: r — , _ 

iC CO XO 1^ CO Oi r^co Oi 



12 



1— I CO C5 O — • OS 



r^coi-'cooco'cxos 

»COCO-«*"XCOXCOO 



; o X X '^ «o '^^ —< 

— I C^ -^ 00 iC I- Tf 



'BfCO-^COiCt^— C<J«0 
(©•^'»*<CM«OI^O'^l^ 



O0S'^*0<N«0aiOt^ 

—ii-icocococ^r^Tfuo 



t^ t^ 05 C^ CO -Oi ''T 



22g 



— I C^ CO *0 CO X -^ 



iOOC<l— •■^X'^OCOO 
OiO'-'io-fr-osxic 

t^tOX^X-^CO— *IM 



■^Tf«(M*0(r= — xcO'^ 



CV|OCO:OCOOO— -':0 I «0 

-- ■- — 5 — XCO '^ O 

I cso coos »o 

i-T— '^»o CO 

-H I < N 

Oi'— tCC^iCTf-^-HO 1 OS 

COCOC^t^-- 'COCOCOX '-■ 

icor^X'<J'Oscccsr-. x 

i-Ti-Tc^csioo CO i-^od V" 

t-NI ^ lO O '- 

CS CO 



- lO -'J' ^ cs to 
; Oi cs X'* ■^ 

H XI^ CO xo 

' ^ ^ ?o 



^-i^Tr»ooiCsx-^^ 



c^— 'cocoicxdJ^cp 



r^r^coicoscsx-^t^ 

^xo>coooxloc*^ 



I <]> 



■ o o ; 



'lOr-lC^lCo-ilrt.— .lO 






92 



STATISTICS OF INCOME 



>* . "8 



« ^ riJ 



O C CO 






CO 00 



•C .J. •§ TS 



° ffl"S . 



0(^ '-' 5:^ ^ o 



o u 



[^ "P_ fl Ce y5 

£'S 2 S o 



3 12 ta -a .■; 



t/3 cSTJ ■" 






03 <D 






OT3 S '^■'^ 



03 K ce— x 
o * o ^ -2 






^"2 «'"S--^ 

r • ^ O C oj W 
O C " u g 






^.-tt-Ht-CO-— 'COCO-— < 



oi" CD csf -H* (N ^ ci — * ^' 















rC c^ oT (ri" Tf^ 00 aT c^ ■^ 



Tt<iO»OCOOiCD01QOCi 

coox^;ooO'*or^^^ 

»o iC c^i" CO tC ^ CO oT o 
o C^ O r^ CD IM o c^ 



CDTt<00CO— -co— •'^O 
OOOCXJOSOOC^CDOOCO 



t^Oir-QCirciMr--<fcD 
OTr<oO'^o»occTj' 

f-Tgc 



OOrfOCDCCQOCCCOOi 



1— I .— I C^ 00 O »0 05 



r~^c^<c:oosi^cooio 

COOCOuo-«**cD'^OiO 
(:o<DcDu:)(M-^--Ht^c^ 



Tt^eooocDt^t— "^cooo 

C^i-tCCi005t^C^'-<0s 



CD^'^iOOC^Ol^CD 
OSCD-^CO-^OOiCiCO 

o ^" o ^"od r-*" o* 00 ■^* 

^DPOO^-osooocD^' 



05C0O'— "CCOOOCOOO 
iCCC-^— •'— 'CD-— "COCO 

COOCOOOOOOOCi-^ 



oo(Nr^c^cDroccco'«** 

--»O0t^— ''^OC'J-^CO 
r-4 ^ C^ CC CD IM OJ CO 



OOt^COOOOOSOOCSOi 
rt^CNCii-iCDiOOOeOCO 

*co o 



0<Nt>."*"^OCCt 



(M I- CN C^ OS 00 -rf 

-^ (M O coo CC CO 

Tj" l^ TJH CO T-1 -^ <N 

C^ i-T C^ c4" iO '** lO 



O CD 
CO CO 
CDO 

00^" 



0CiOCDt^'^COC0<-HO5 
1— (GOQiCidi-HCSCOt^ 



b-TPI^CC-^UOC^MCO 
(N.-t<M(NCO^t^l--ip 



.-H iM (M 



lO'^COOiCscOWCDCS 

^r^cooooor-^t^o 

OS'-i'~'CD'<*"t^»-»»-i'-H 



too 



►^^ O O iC O ^ - O' o 



«D00O0CC0Ot^00»O 
0<NOI^CDCCOS^C5 
,-.CDt^'-'0O'<J*0O»Ct^ 

1-H 05 ^ CO c^ ^ t-^ Of? od 

1-. C^ N CO t>. C^ 00 t- 



Tt<i-t-^^HcOO0O0O0Cl 

c^ioioccajc^cot^cD 

i-iOlO'-H-^fOiOCOCl 

oiior^rCc^o"cD"wr^ 

COrOCDiOCD<MiOCTiC^ 



rfC^OC0O^»0i005 
COC^OCOrf ^CDOOOO 

Trco»oo50'^C50— i 

oscoodod»o-DOico»o 

COCOCO*0!DC0100"<»« 



OOTt^OS — OCOOCOtD 

oocnh-iococscccnoo 
^o-^'-'Or^coiot-^ 



^t^^coooocooco 

'^J'OOOC^OCC'^OliO 

ci w CI c* c^ rr ^ c^ c^' 



oncvjiXKN — — lOCICO 

r-o — oooo4Ci--"<** 
ioccor-rcoQdo<:0'rjJ' 
r^roiococsi^coM'^j* 



r-^— 'C^-rT'^— '^^CDOO 
C-J>OOi-«1<OOOt^OOTt« 



l-^h-OCCt-iO^^O 

^— 'dCC^n-'^CO'^t* 
C-0 30 00 — O -^ CO t^ TT 

c-^' ^*" <m' n ci" -^ ^ ci (N 



I--050woOCOt^CDCO 
OOINOt^OOOCTsr^ 
•^OSCOt-COCC-^O'— I 



r-05M»o — c^dr--o 



50<N — iCi I ^ 



COt^-HOOiOOOlC^-H 
CCOa)OiQOOOCOt>-C5 

.-HQor^oooco^cscQ 



t—ivO'— '■^cDcor^coci eo 
cooiOsr^ioio-TT'— '-^ •-< 

CCd-^COCOOC^iDCD j OS 



,^iO'-«'— 'ClCOOCC^CD 

t^-Hr>.-^oooc5occD 



— ■ c^ »c CD 00 ro I 



t^-^DC^X'^'^cnaiO 

oc»oMcoy::'^cDooi-^ 

lO'^COOCOOSUt'OOCO 

■»j* !^ oT o i--^ od CO ic t^ 
.-Hi— CO cow ^ON—* CO 



'-hoOOSUOCD'tP'— tiOt^ 

c^c^o-H^-4"Mc^ai 

CDu'JTf^iOO^'OCDTt^ai 

f-HlCr-TrJ^'o-yDCOOOi' 
OO^CO'— ■ — CI— '>— '"^ 

i-«^C»C»(MiO(MTt*CD 



CD:DOC-IOiOi-<X>cD 
OCOh-CSOSt^'-'OOI^ 

fD'-<ast^uOOO'*CD'<*' 

cDcc«odi>^ci'cocdor 

CJcoro^CDCft'^i-oO 
cDcD-— lOiCSwOOCDO 



i>.ocoait^i^icdcD 
-^coxoicr^oioocc 

OiiOrOrl^OCOOCOCO 

lOTj^OicO'Tj^tOGSt-r^O 
•— T-HOt^r^xecaoci 



OiCDc^iot-^i^cior- 

tO-— <iCCDiCO--*'OCO 
Ou:iOi»-''-<ca'— iCOiQ 

'^l^C^'OiOcOCOr^cO 
— 'O5"^00CC»r2^-CO-^ 
CSwcoC^OiOCICOiC 



I:^3)rt<c0*0'-'^CC<N 
•^■^030 0C't^CO"T*00 

cou^ooooi'^OTr — Tf 

o cf »o O '^^CO ocs 
-^:C4COOr~'^OOco 

CMd-^CCC''2I^COiOt 



-O »0 CM OS i-H 



lOCOOOC^CDOlCOCOl-* 

cr; lo -^ r^ o »o r ■ — 
CO en CO r-- -^ o ' 

00 00 i--^ ri " —^ 



• oo 

3 lOO 



o -o>o S 

o >ra r-. I "■ 

- I I o o 
V = o oo 

i S g =i°. 



STATISTICS OF INCOME 



93 



f-fTTfO-^Ot^CCiOOO 



C^i-<COCOCStC^CCCO 



1— '<N.-iCQO^(NOlO; 
OT CO «D 00 TT ^ t^ CO r-T 



orco»niCccc*l"Tt^^o 



> CO -^ iM CS CO -H C^ 



00«OOCiiO*-'OCi*0 

loooaoocoos'^cocv) 

OOCOOOCNOOCOCO'^CO 



oocci-^tor^GC^coo 

COi-HCOt^t^CSrrOi'-* 



Nl-t^ ^ 



050-^OOcoOQCiO 
OC^Tf*COi-««OOCCCC> 



c; CO c^ t-t — t c^ CI 



•-iCOC^Ci'-'COCscOOO 



COOOOO'^'^iCOXC-l 

'*.— .cot^:o<-.'>*'oO'-' 



co(Mcr:"rr-^OiCSO 



oaocs(3s-^^:<;c:>— 30 



1 o 



lOr-iCOOt^t^cCCiO 1 >-? 
OOSOOOC^JCMCi'-HT-i — 
O'^'^C0I>-OC0CD'— ' 

t^ 00 tr c>f oT r-T CO CO -^ 

»CTrcC'OcOt^O— iCS 
5DCO'^COC^CO'--<N 



^ 00 cs t^ <c r^ ■■ 



-^ O OJ O ■— c 



' O O O <M ::7; r^ 



COOiOit^'OCCCCi^O 



CO C^ »0 O CD CS CO C 



1-H ^ 1 CD 



OCXiTfCC^CCrfOOCO 
^00-- >03CO'— -^CDC-l 
CT -^ '^ O" CC" CO C^ Tj*" CD 

■«j«'^r^iO-^ocoi>-'<f 



Ocococsr^t^oOTt<o 

ClNC^C^IGOOSCO'^t^ 

OiCOt^-cDC^IiOOlcDOi 



,-,OcDr*c:r-iocDcc 



D CO CD 1 O 
. - - _:---H I r-^ 

CM— 't-^CiOOOl^O 



CD tC O O — ' I . 
C0C0X)'*'O»ODC- 



t'-'^oO'-'aicot^coio 

■H'l-i'-iiOOOt^COC^tO 

CiCDOSCDiOOTt*QCCO 



CO— lOOCDOOOOitM 
OCTJI-C^ICDI^OOCO 
Oi03000l:--'-'^CD<0 



r^co—'Oioc^OL.oi 

Wr-tCSrHl-HCl — C^ 



»00(MOOCDlMr-lCOOO 

t^ior^ot^'-"CO(NCi 



c^--Tt«ot-:rccoo;"* 

OCD-— '^CSOOOOtCD 
CO ^ (M ^ ^ (N i-H 



t*-03iOC-t^C40:Ct-^ 

oscDosc^aoint-'— 'CO 

coocot^ocooaooo 



cO^Oat^'^cO'^iOiO 
i-'r-t^QOCDCDCO'^ 

CO t^ Oi 00 CX) o 



^o^ 

5A 



o cs >o — c 






^Ot-OOTf'fJ'X'^CO-H 
ICO:C3COCO'J''^-*CD 

iO CO 1^ CD CD* *c cT -^ csT 



1— i-HiO'-<COCOO«-iCN 
t^OOOiCOCDCOWroCl 

t^i>.<-to0"<j^":)0ococo 



C<H>.Tt*^O00iL0*C00 



WcOOOCD^iCtJ-OO'-i 
<MCO^t-^I^(Nt-CCCD 



C^ t- -* C^ — O -^ '^ Ci 



r^iocoiccDOOOsi^ 

I^CDC^C^CCC"^OCO 

co»oco(N^c^i'^cor^ 



»ocor5"^cir-cDcO'-" 



oc^cDOTi^r^cst^oo 
loc^i-— 'iOTpoccoco-^j* 



OlM'"**C^iCiNOiiOO 

IQCOOO*^-— (CCOC^O 



'-'COQOCir^CDCOCDCO 

t^cocotCiMr---— icw 

WoO—'t^OoCl^TfCD 



— 'CO-^COClCSt-^Oi 



CS.f^C^Oi0CO:cOC^»O 

or^ior-tooojcocsi-* 



*c^t^fcor^-#'*ccco 



OOCCD — lOOiO: — CD 
■-•C^COfMt-CO-rr'-HCO 

^ 01 z: <zrj ^ 7^ -^ ^ c:> 



COCOOC<»Tft^-«J<iC'^ 
i-iF-t— ipo C4C^ 



CO'*— '— «CDC<I— '^O 

r-iCD-^— 'C;COTrcCCD 

iC OC O ci b-T" »C CO CD* -Tt^ 
Ol C^ CO O CO t^ c^ 



d00iCCDCDI>-CO»-«CO 
■^Tt^CDCDOOt^CD— *CS 

c^OCT>ooco»r..-4Tj'CS 



CD^CDCOtNOC'M"'*— I 
CS — C^CSCI'<7' — cot^ 



COOOCD^'^OS^OOt^ 

t^iooooiTrcoccocD 

COCS)00CCJ5— -ocoo— < 



c<|i;Doo^t^«:)w»C'* 

OOicor-ot^cocsO 



0:0 — ■^iC^OscDOi 
OS-^XJiCOOOCOCSCO 

"i-T— Tor ^'o'cd'm — *~ 



"<rOiO:C<»000000O: 



C^GO000CCON»O-^(M 

OI^iOCO^OO— '— ' 
Ol C& CO CS t^ C-1 C^J CD CO 

cotN^V^-^oo cc'co 



r-CTiiOOOC^iCMOO 

r-c^r^-^csx— <oco 
c^c^r^cot^cDO— 'OS 



«or^'^oc^»C"*oocD 

COfM-^-^COOC^COCD 



C^Olt^iCGCXOOC'* 

— "'* — oocon—i 
O CO (N »C CI !M 

CD" — r 






CO — ' ^ CO o o- -^ 

OO CO CD iC 1-- i-i I- 
*0 « »0 00 J^ CO CO 



r^ C^ r-l 



CO 00 o 40 -v r^ "Tf« 

Ol ^ O 1-- CD 00 Oi 
TT CS CS ^H C^ CO CD 

C4" CO CO O CO Ci CO 

'^^ i-H (M cs c^ tN. M 



O — -^ CS 0)C» 00 

r^ CD r* CO o — < r- 
T-H o r^ r* t ■- CO cs 

W CO ri" C5^ m' C" d" 
rr ^ C^ — < N 1^ M 



•* 00 lO CD CD — 05 
CD C^ Cs — < — Oi t- 
— < ■* CO C^ C5 '^ CO 

ccocd'o'-^— c^f 

— ( iC O CI -^ — t o 
»0 — < W — I — 1 CO —t 



lO — • lO CJ to CO lO 

oi t^ "*r a> r* <M <M 



lO O t^ — 00 o »o 
Oi -* 00 O •-< 00 OS 
TT 1-1 — — . —l CM 



O:' ^ O CM — ' ' 



■• OOCDO 00 CD 

50CM •— -^ CM 
■" — . CO "* CO CO C5 

cfo -r^t^CD'od 



*C CO — O CD CD CD 
00 »0 00 O CJ lO CO 



r^ ^ t- Oi Tt< t^ o 
r^ o 1-- '^ t>- CD c« 



CO 05 TP C-J C-J CC l^ 

I— « oa 00 03 — < OS oo 

•-t CMCM«3 CD'<r 



O •* OS r* CD CD CO 
IC *0 iO CM CS r^ CD 

00 -^ iC 00 f^ CO t^ 



O ^t* CO CM t^ -^ OS 
TJ* -^ CO CO "^ l^ — • 



''»• CD »o O CM -^r—i 
CM CM CO O CO — " ^ 

00 CO CO O OS lO o 



O CC >— — OS OS 00 
CO tC OS 00 CO ^ !>■ 



CM — ( t^ 00 ^ "^ 0> 
TP —< C^ -^f — < 00 OS 
^ OS CD i>- r^ Tt* CD 

—Tic 00 CD »0 00 CM 
CO O ■^ CO O: 00 CO 
CM CM '*-<»' iC X t^ 



— I GC CD u^ 00 t-^ OS 
Oi CD O CD 00 t^ CO 

40 o CD •* tf; CO i^ 



■<*• CO CM CM CD "3 OS 

— < — t CO CO ^ ^ to 



Tp 00 OS O Tt« 00 t^ 



o to r- 00 lo oc '^ 



»0 00 Oi OS OS O. C'J 
OS t- CD CO to ■* 00 

OS t^ OS to — < oo o 
CO 00 1-^ o »-^ cm" oT 

•O CM Tf* '^ -^ CM -^S* 



:? IS 



1 X C " X CJ 



ic Oi cc CI 00 c; r- _ 



■oo o§ 
o o o — 1 S 

^ ■= O' c M 



So 
oogoS , „ 

iXJ-OOOOnj 
•— c-1 1.-: ^ »/: — lo O 



94 



STATISTICS OF INCOME 



S 5 " 



ci 5 



< 





x: 


^v;_, 1 




'S.> c'3 




O-^^a 


















^ofe 








'0-' 




^ Ol =^; 




1^3 






















cr 




"asgM 




£s|i| 












c?^ 




O * 








O K 


X 
CD 




3 g'SiSoj^ 





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M) cot; — i 


e 








e 
s 


o 


S 

3i 


o 






, , 






C3 




s 




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C 


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03 






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93 














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OT3 3 S-2 


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9 


1 , 


M 












ff 


b-^y.s-^ 


S 




O 




? 


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S2^ig-2 




a^SgSoJi 




« S £ fc S a 




■*J w 




c K 












0° 




^'i^t-i^s 




S^-^sS-g 




oogggi;'* 




c/- O 




3 t- 3.t; c3 5 




^^1^1^ 




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5! 












n 




















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S 








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^ 1 



* :o X O ?^ O X (N ffC 



rf c^ ^ i^ r^ '^ -N OS 












C^eOOOiOOGCCCCCO 









t--aC"^-H — al--ai 
ci" c5" '^ t-^ :^ TP CR ro o 

^ TX C^ ?C M 

-— 1 -^ TT CI 



• uOOO-^iOXC^rCM 



iO t-. 00 lO OS CO O - 
cr ^ :30 lO »0 00 O C 
CO O Q O 00 t^ C * 



• 00 o o o: fc « GC' yD 

C^ Ol CC O ^ C O 05 
— ' "M X Tp Tf Oi 



t-^cco*c^csxtocc 






t-^_(^HO"t:Oocao»c 
OiOOcoTr-^<:cxTP 



^rOTr«cocciCO t- 



CCQOCil-^^t-'J'CiCOX 

CNOO?C«CCD;OC5I"- 

^ ^ r- CO — CC t^ 



OC-0001XX--«CO 



; (N CO lO :C CN t-^ O 

« c^ ^ ^ oi :c t^ o 

i-H -H ^ C^i ^ Tj. o 



00»OCSt-»O^iO<:C«C I -^ 

00-^CDCOW^COXCC»0 05 

OOOCiOSOCCJCCtS |<© 

lO r^oc o ^'i" w c^cr o" '^ 

r— iox)iCTfTt<if:occ lO 

^Mt^CSCO"C^t--CC OS 



^ -^ CM O CS 



cTc^rOTf^oro-^osO 



OiO-hOCSCOC3'^« 
C^ C^" C*f CO -"S^ ^".-H 00 



cDt^x-^ccccr-o-^ 00 

CO CO C5 c: CO ci o r* ro co 

CO x" o c^' ct? ci o" o" CsT I CC 

COXOOC^^X— 'TfGS '^ 



^^ooxx-^csr^ 
ooxr^cs<-tcDCMi>-r-- 

CO»OXCOOS01POCM 



ooco-v W ^ f 



1 !5oZ-QC 



33 

S o 
2 o 

< 'z 

Oh hh 

O 
O 

C 

Q 

o 
« 



5 X o r^ M OS 



■*Nt-3C'J't^— — to 

^ » -^ CC ^ 
— CO 



05C?i-^CSC^CM;0C^I^ 



0535^^0iOit-^COOit-» 

»fc»ocnccccp^cor^ 



0CCCI^t^35aO00i-«iO 






coio:ccoi^xcs-^if5 

-H^C^C^CMOSCCXO 



c^ 



-H 0-. — . X r^ » t^ o CM 
coi^r^o — 05«xc^ 

f-Hccr4'*oso;f^too 

CO i~ m" X rJ c«5" o "i o 
"■ ■- -o t^ o •* — 1 

CO — <M -H 



1>J -jD -O • 



> t^ t- •»• c^ t^ 

• CJ> ■<J< ■<»■ t- OS 
; Oi lO ^ CM CO 

* OS OS O — ' --i*" 



CO OS — < rf OS O X C 



lo ! t^ 



■ >o y3 O O O t^ X 



122 






I ro X t;- O M 

i ^ X. 

^ t4" --r ^i■ cc" 



OI^iOCCOXOXCM 
TfiOCS-^Ol-XCC^ 

t-^ C^ CO rr to TT cT ct* -^ 

co'^^-rt^o-^oo 
.-H — . ^ r^ Tf --. lo 



iCh-.coco»oroX'<rCM 
od'3«"Trcocrafco^Tj« 

X05t^OCNCC-^(N.-i 
i-HCSI"-XX»OOX<-i 



xcNCiror^r^OOTT 
cocjioiMcotoa:-^'^ 

,-HCCl-OOC. XXX 

'^* CM* xT o* ^ cT »cf o~ 1^ 

OCi010s:0*C'*Tf«0 
CMF-.^3^o•^CMlO<— lo 



-^-^tOX'Ccixr-co 
-^xr^x*oi^^Tros 
ox«OTfW!:NC9Tj<x 



- CO X t- »o »o 



^ ^ lO 



CO»OCO»C^CMOC;CO I o 
CsiOCMI^O»OC^'^X -^ 

COOiOXI^XCOClX 



cOfOXCsCSCMXCOCM 
■«s«csoccO':oroxt>. 

COiO^^OCSOi-— '-^ 






t-r--coxwcocscoco 

rftCi— 'lOiCCOXCS'^ 
'<*'OCSiCCsO-^cO-<J' 



OS 1-- O X CO O CM 



OOSCMCO-^COCMCMCM 

xoCMO-r^cocotc 
aTroosooio^oo'cDod 

CMiOC0C0rJ«CMiO05— < 

1-H— tOXCMOOXiO 



— , '^j* C^» -^ rj- 



"Ocoo^r^fOMxo 

OCOCOiCOCOQOt^ 
Xt^CDCOCMCOOXCM 



X CM »0 OS CO CO ^ 




STATISTICS OF INCOME 



95 



iO r^ CO T)* I ' 1 '-"T 
c^x , . I .^ 


CO 


OSCO OS — • CO 1 ' ' 'X 
CO >— »0 CO OS 1 ' 1 'X 


to 


OS-^iOC3S^ 1 1 1 .CO|«^ 

0<-<CO»0'^ 1 1 ' i^Ico 

.— < ■— 1 1 1 1 1 CO t^ 


249 
121 
106 
248 
237 

551 
1,512 


>0 CS r lO 

t^Oi . 1 1 1 1 1 1 


IM 

s 






' 7. 118 

57 

370 

? 1, 874 

1.071 

m 


to 

CO 


7,716 
316 
1,337 
3.530 
2,055 

i,"330 


to 


CO . . 'O . 1 1 .o 


s 


. *0 .O CO 35 

■ Oj'T' ■«• 1 1 1 1 1 


1— t 


U5 -.J. -.J* C^ CO 1 ' 1 ICO 
1 1 1 1 CO 


o 


•^ OS t^-^ *0 1 t I 1 C5 

■.;*< ■'r CO CO O 1 1 ' ' -^ 
QC^' X a •-! . 1 1 1 «5 

.-."r^Tf 1 1 1 IIO 


o 


183 

234 
597 
809 
465 

7,1m 


o 


CM O C) CO t- 1 1 1 1 ^ 


to 


542 
222 
480 
678 
725 

6,"335 


CM 

00 


CO 03 CO to to .C —1 1 1 i 


co 


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 


1 1 

"cS 
o 



o ": t- 1^ . 1 1 1 1 1 

uO CO 11.11. 


§ 


— -"J-CSOI^ . . . .to 
O •<»< to -.J. Ct . 1 1 1 CO 

oococo^eo 1 ' 1 .>a 


1- 

io 
CM* 


05 OS to 35 » 1 > 1 1 to 

t-coiracMO 1 1 1 .CO 

t^ CO CO ^ CO ■ ' . ' *o 


to 
cm" 


^ Tj. coco CO . 1 . .to 

O OC to IO t>» ' 1 1 1 ^ 
« D — . 1 1 1 rt 




35 Mt^tC CO 1 1 1 1 . 
tOCMtO— rr P 1 1 1 1 


00 

o 






05 CO OO C^l C-1 1 1 1 ■ -^ 
O to C^ CO CO 1 1 1 no 
-^Ol^t- ' i ' "J« 

CO^TJ-" iO t I 1 ICO 
CM CS -H ^ .1.1 


00 

Os- 
lo 


19, 254 
7, 293 

16,661 
2, 460 
9, 771 

6,'894 


CO 


t^COCM .to . 1 . ■— . 

CO CM . CM 1 1 1 1 
III! 


2 

oc' 


368 
304 
1, 752 
138 
283 

223 


CO* 


5, 258 
17,2.57 
4, 175 
619 
3,899 

""l2,"242 


5' 


*0 ^ CM CO .^ 1 > ' 1 O 

o X o X to ' '• '• '• ?) 
t^-*— "Vcm' I 1 1 Ico 


lO 


1,451 
1.478 
3, 327 
1,240 
925 

"'"'ii,'3i5 


•o 

CO 

t^ 

05 


T»< — CO301^ ■» 

x35^xco 1 j ; : ; s 


3,009 

1,789 

3,632 

950 

5,687 

""l6,l05 


CO 


.-. O O "^ 00 — 1 CM 1 . ' 

E ^ '~ "^ "" ^ "^ 1 1 1 


to 


Under 50- 

50-100.. 

100-250 

250-500 

500-1,000.... 

1,000-5,000 « 

5,000-10,000 « 

10,000-.50,000 

.50,000 and over 

Classes grouped 


■3 




55^ 

o « 
BtO g 

eg "S 

S 



5? X -"E-S 



"ZS 



as 

1-. o -; 

" « s 
c2 9 S 

a oB 



a a! 
go 

If 

•§"° 

.S'>. 

<c -^ 

,2"" 

'§■1 

, ; i-i a; — . S ^ 
.^ O > c; o~; 

(3 C^ ja t^ d nj 

c3 c--'" — -i^ 

c S fe " o c 

« tH !S 4> — 5; 

cfl c3 .„ -;: to 4- 



'co 

O M C M 

^222 
^9¥ 






a S a"? t; o » 

£ ? 2 = £:::.•= 



"~ -C -y, ^' £ ^ i P* 



96 



STATISTICS OF INCOME 



Table 7 (Table 18, Statistics of Income for 1933) .—Corporation returns for 1925 
to 1934, by major industrial groups, showing for returns with net income and no 
net income, number of returns, gross income, net income or deficit, income tax and 
excess-profits tax * 

[Money figures in thousands of dollars] 

[For text defining certain items and describing returns included, see pp. 1-5] 





Total 
num- 
ber of 
returns ^ 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Flxcess- 

proflts 

tax* 


Num- 
ber » 


Gross 
income ^ 


Deficit 



AGRICULTURE AND RELATED INDUSTRIES 



9,904 


4,062 


10, 688 


4, 698 


9,905 


4,445 


10, 265 


4, 504 


10,615 


4,407 


10,961 


3,475 


11,014 


2,546 


10, 977 


1,153 


10. 490 


1.443 ! 


10, 526 


1,995 I 



572.215 
615,141 
633, 782 
636, 641 
636, 227 
363,718 
215, 096 
133,034 
178.040 
296, 513 



76, 862 
70,812 
78, 577 
80, 476 
72, 801 
40, 484 
14,002 
5,979 
14, 894 
30, 572 



8,604 




5, 242 


8,175 




5,990 


9,054 




4,460 


8,217 




4,679 


6,783 




5,023 


4.041 




6,431 


1,201 




7,354 


675 




8,615 


2,102 


55 


7,818 


4.198 


80 


7,331 



221,340 
249. 342 
188,645 
188, 503 
246, 280 
307, 122 
276, 868 
23.5, 120 
217,090 
241.135 



MINING AND QUARRYING 



19, 163 


5,488 


19, 252 


6,006 


18,519 


5, 232 


18, 793 


5.183 


18, 261 


5,211 


17, 635 


4,700 


17, 580 


3,832 


17,218 


2,868 


17, 068 


2,982 


18, 656 


4,460 



3,711, 

3. 207, 

2, 259, 

2, 501, 

3,031, 

1,611, 

732, 

537, 

555, 

1,161, 



453, 6C0 

455, 798 

276, 309 

332, 679 

430, 527 

194, 118 

71,154 

62, 675 

71,686 

156, 063 



55, 049 
57, 3CS 
34, 898 
36, 751 
44,319 
21,474 
7,211 
7,445 
9,921 
21, 456 



280 
428 



13,675 
13, 246 
7,804 
7,750 
7,291 
7.533 
8,291 
9,178 
8,866 
9.083 



1,213,439 
1, 339, 759 
1, 576, 986 
1,087,745 
1,016,184 
1,388,238 
1, 496, 571 
1, 127, 297 
1, 402, 596 
1,375,939 



MANUFACTURING— TOTAL 



88, 674 


54. 137 


93, 244 


55. 094 


93, 415 


53, 620 


95, 777 


55, 007 


96, 525 


55, 488 


95, 098 


40, 641 


93, 109 


30, 270 


91. 849 


14,985 


93, 831 


26, 354 


96, 648 


34, 023 



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 
27,442,910 



4, 383, 
4, 494. 
3. 938. 
4, 744, 
5,216, 
2. 757, 
1, 464, 
757, 
1, 400, 
1,906, 



546, 741 
584, .507 
507, 735 
544, 937 
544, 053 
316,992 
165,311 
99, 949 
203. 713 
262, 466 



3,649 
3,477 



34, 537 
38, 150 
36, 196 
36, 566 
36, 742 
50, 863 
58,815 
72, 931 
62, 295 
57, 269 



7. 904, 
9, 573, 
13, 588, 
9,813, 
12,252, 
19.846, 
23, 058, 
19, 279, 
12,861, 
13, 650, 



MANUFACTURING— FOOD AND KINDRED PRODUCTS" 



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 1 


12,8,59 


4,247 1 


13, 362 


5,374 1 



533, 
475, 
461, 
518, 
540. 
436, 
326, 
199, 
264, 
302, 



66, 587 
61,429 
59, 049 
58, 391 
56, 309 
49, 869 
36, 823 
25, 201 
36, 906 
41,768 



631 
642 



5,419 
6,058 
5,461 
5, 405 
5,380 
6,328 
7,524 
10, 653 
7,934 
7.150 



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 
1,371,310 



MANUFACTURING— LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC) ' 



2,969 
3,283 



1,368 



484, 487 
851,516 



73, 363 
97, 648 



10, 199 
13,427 



397 
402 



1,648 
1,540 



107, 420 
207, 905 



For footnotes, see p. 100. 



STATISTICS OF INCOME 



97 



Table 7 (Table 18, Statistics of Income for 1933).- — Corporation returns for 1925 
to 1934 by major industrial groups, showing for returns with net income and no 
net income, number of returns, gross iiicome, net income or deficit, income tax and 
excess-profits tax ^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns * 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ^ 


Net 
income 


^^^ tax * 


Num- 
ber* 


Gross 
income ' 


Deficit 



MANUFACTURING— TOBACCO PRODUCTS 







497 


289 


445 


261 


439 


238 


437 


243 


405 


195 


379 


155 


382 


114 


405 


122 


405 


131 



1,124;, 

1, 177, 
1, 180, 
1, 220, 
1, 094, 
1, 086, 
978, 
837, 
1, 023, 



117,366 
124, 775 
121,678 
132, 682 
143,788 
142, 494 
138, 399 
65, 224 
96, 296 



15,718 
16, 745 
14, 548 
14, 554 
17,216 
17,066 
19, 061 
8,998 
13, 241 



208 
169 

m 

177 
197 
211 
256 
261 
245 



35, 051 
23, 525 
19,122 
50, 436 
?j,7^9 
97, 515 
61, 188 
105, 158 
36, 383 



2.257 
2,475 
2,147 
4,942 
6,656 
5,606 
5,151 
14, 893 
2,086 



MANUFACTURING— TEXTILES AND THEIR PRODUCTS 



12, 271 


7,504 


13, 436 


7,708 


13,861 


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 


16, 775 


5,682 



6, 108, 

5, 354, 

6, 285, 
5, 702, 
5, 902, 
2, 642, 
2, 132, 
1.211, 
3, 183, 
3, 040, 



aeo 

117 
401 
986 
287 
402 
182 
516 
894 



413, 
314, 

417, 
351, 
323, 
105, 
77, 
41, 
203, 
141, 



48, 816 
39, 829 
50,341 
39, .355 
33, 197 
11, 122 
7.351 
5,047 
28, 010 
19, 506 



764 
291 



4,767 
5.728 
5,343 
6,098 
6,236 
8,753 
9,503 
11,872 
9,310 
9,741 



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 
2, 209, 651 



114,772 
195, 164 
120,816 
156, 729 
163, 069 
369, 690 
342. 537 
332. 249 
96. 838 
124, 914 



MANUFACTURING— LEATHER AND ITS MANUFACTURES 



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 


2.422 


976 



1, 175, 

1, 234, 

1,415. 

1.325, 

1, 258, 

733, 

545. 

371, 

727, 

709, 



76, 023 

73, 859 
99, 072 
77, 425 
76. 803 
38, 691 
30. 091 
18, 687 
47, 586 
36, 468 



9,169 




986 


9,358 




1,078 


12. 229 




903 


8.892 




1,015 


8,109 




1,084 


4, 389 




1,615 


3.340 




1.487 


2,404 




1,816 


6,582 


167 


1,3«5 


5,018 


66 


1,368 



339, 191 
427,012 
316, 039 
396, 514 
482, 402 
655, 143 
564. 469 
469, 593 
261, 236 
324,117 



28, 896 
27,436 
21, 703 
28, 038 
36, 368 
64, 124 
64, 737 
61, 797 
20, 761 
17, 545 



MANUFACTURING— RUBBER PRODUCTS 



638 


349 


680 


339 


656 


335 


723 


349 


638 


311 


607 


227 


552 


174 


544 


96 


572 


215 


C50 


267 



1, 373, 
1, 147, 
1, 039, 
932, 
916, 
559, 
401, 
127, 
300, 
362. 



122. 966 
37, 501 
70, 253 
44, 645 
56. 324 
12, 242 
14, 004 
2,779 

13, 339 

14, 976 



5,412 




289 


4,867 




341 


S, S49 




284 


5.149 




331 


6.055 




303 


1,336 




354 


1,371 




361 


301 




426 


1.S67 


52 


330 


2,094 


20 


340 



95, 862 
452, 909 
407, 272 
454, 122 
510. 967 
540, 748 
415,317 
507, 935 
418, 134 
393.498 



13,941 
24, 764 
19, 356 
45. 987 
39, 191 
63, 876 
38, 154 
41,517 
10,000 
10, 566 



MANUFACTURING- FOREST PRODUCTS 



7.633 


4.657 


7,862 


4,591 


7,816 


4,178 


7,947 


4,290 


7,869 


4,195 


7,601 


2,340 


6,964 


1,525 


6,707 


541 


6,879 


1,638 


6,855 


1,812 



2, 380. 
2. 330, 
1.929, 
2, 052, 
1, 978, 

723, 

332, 
95, 

407. 

490, 



200, 316 
172.972 
125,408 
142, 197 
135.612 
35, 826 
14, 966 
6,271 
22, 745 
27, 210 



24, 667 

21,907 

15.612 

15,210 

13, 437 

3,591 

1,379 

666 

3,153 

3,743 



119 
63 



2,976 
3,271 
3,353 
3,367 
3,294 
4,868 
5.150 
5,929 
4,882 
4,725 



687, 054 
738, 046 
874, 474 
789, 281 
816, 194 
1, 263, 948 
1, 014, 898 
758, 131 
686, 815 
605, 068 



53, 116 
69, 196 
94,296 
71, 493 
68, 499 
152,460 
199, 138 
212, 389 
95, 335 
76, 708 



For footnotes, see p. 100. 



98 



STATISTICS OF INCOME 



Table 7 (Table 18, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934 by major industrial groups, showing for returns with net income and no 
net income, number of returns, gross income, net income or deficit, income tax and 
excess-profits tax ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 2 


Returns showing net income 


Returns showing nonet income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber* 


Gross 
income ' 


Deficit 



MANUFACTrRINO— PAPER, PULP, AND PRODUCTS 



1925 
J92fi 
1927 
1928 
1929 
1930 
1931. 
1932. 
1933. 
1934 



1,940 


1,288 


2,024 


1.365 


2,C83 


1.286 


2.C93 


1,345 


2,145 


1,4C6 


2,113 


1,114 


2,C86 


832 


2,097 


473 


2,164 


993 


2, 318 


1,208 



1, 2f C, 

1,430, 

1,401, 

1,374, 

1, 546, 

1,01], 

P32, 

291, 

709, 

966, 



111, 
120, 
123, 
118. 
124. 
7? 
27, 
16, 
52, 
SO, 



)4,fC4 




C-2 


15,610 




(£9 


16. 063 





642 


13, 768 





678 


13.222 




673 


8,475 




953 


4,239 




1,2C0 


2,237 




1,582 


7,250 


169 


1,106 


11,123 


211 


1,032 

1 



2:^0. 

221, 
267, 
352, 
249, 
567, 
639, 
717, 
453, 
347, 



547 : 

834 j 

600 i 

796 

444 

158 

]42 

678 

368 

752 



12, 137 
14, 362 
13, 614 
14.959 
19. 893 
36, 379 
53, 776 
81,073 
36, 090 
28, 418 



MANUFACTURING— PRINTING. PUBLISHING. AND ALLIED INDUSTRIES 



1925 
1926 
1927 
1928 
1929 
1930. 
1931. 
1932. 
1933. 
1934. 



9,920 


6,523 


10, 545 


6,931 


10, 679 


6,734 


11,127 


7,070 


11,569 


7,331 


11,736 


6,ce8 


11,822 


4,593 


12, iro 


2,155 


12,077 


2,713 


12,622 


4,490 



1,9F8, 
2, 196, 
2. 185, 
2, 329, 
2, 468, 
2, C55, 
1, 285, 
888, 
977, 
1, 285, 



ISO, 
203, 
198, 
243, 
270, 
176, 
115, 
58, 
"1, 
117, 



15, 



124 
201 



3,397 
3,614 
3,629 
3,703 
3,S39 
5,271 
6,810 
9,510 
8,886 
7,618 



293, 786 
351, 190 
380, 417 
350, 275 
402, 692 
607, 967 
, ceo, 179 
900,273 
673, 352 
671, 460 



29, 505 
31,006 
34,788 
H4, 104 
47, 749 
54, 512 
77,802 
96, 170 
57,917 
64,153 



MANUFACTURING—CHEMICALS AND ALLIED PRODUCTS 



1925, 
1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932- 
1933. 
1934. 



6,962 


3,951 


7,286 


4,076 


7,229 


3.960 


7. 501 


4,231 


7,505 


4.073 


7,380 


3,287 


7,265 


2,797 


7,443 


1,741 


7,678 


2,458 


8,220 

1 


3,019 



. 475, 
,322, 
.799. 
772 
!550! 
,376, 
,371, 
,761, 
.094, 
,322, 



024 

287 I 
331 ' 
466 I 
545 I 
017 ! 
395 i 
691 i 
654 ! 
986 I 



623. 
785, 
495, 
848, 
911, 
534, 
251, 
167, 
272, 
324, 



78, 
102, 
6 64. 
99, 
98. 
62,! 
29, 
22, 
38, 
44, ( 



393 




3,011 


964 




3,210 


767 




2,892 


002 




2,820 


124 




2,998 1 


961 




3.727 


409 




4, 047 


644 




6.315 


240 


535 


4,696 


627 


543 


4,559 



.590, 

768, 

1.969, 

778, 

737, 

2.351, 

3. 952, 

3, 696, 

2, 191, 

3, 325, 



301 
153 
078 
526 
016 
166 
977 
099 
132 
574 



S2, 352 
69, 279 
1)0.369 
59, 789 
56, 976 
17.5, 459 
318.864 
223. 266 
189, 213 
178. 543 



MANUFACTURING— STONE, CLAY, AND GLASS PRODUCTS 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



4, 454 


2,753 


4,606 


2,762 


4,682 


2,5S7 


4,852 


2,676 


4,816 


2, 572 


4,724 


1.805 


4,418 


1,149 


4,268 


424 


4,112 


642 


3,974 


997 



1, 345. 

1,500, 

1,357, 

1,394. 

1, 389. 

1,027, 

48,3, 

184, 

428, 

603, 



032 
051 
109 
910 
486 
449 
373 
622 
580 
592 



181,547 
195, 166 
157, 263 
172, 007 
163, 646 
92, 812 
41, 683 
13, 270 
34, 762 
61,761 



... 1,701 

... 1,844 

... 1,876 

... 1,933 

... 1,989 

... 2,713 

...I 3,076 

...t 3,685 

86 3,186 

59 2,747 



156, 
164, 
243, 
259, 
265, 
382, 
558, 
485, 
290, 
235, 



780 
876 
350 
911 
730 
407 
054 
794 
009 
957 



17,846 
22, 112 
28, 356 
32, 518 
33, 439 
53, 374 
79, 171 
110,098 
55,635 
36, 527 



For footnotes, see p. 100. 



STATISTICS OF INCOME 



99 



Table 7 (Table 18, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934 by major industrial groups, showing for returns with net income and no 
net income, number of returns, gross income, net income or deficit, income tax and 
excess-profits tax ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ^ 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess - 

profits 

tax« 


Num- 
ber* 


Gross 
income ' 


Deficit 



MANUFACTURING— METAL AND ITS PRODUCTS 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



21, 529 


12, 760 


20, 054 


11,989 


20, 379 


11,412 


20, 695 


12. 252 


21, 047 


12,864 


20,831 


8,188 


19, 700 


4,744 


18, 877 


1,917 


19, 080 


4,291 


20, 353 


6,844 



17, 335, 348 
16, 661, 793 
16, 256, 966 

18, 847, 896 
22, 125,989 
12, 790, 300 

4, 652, 191 
1, 031, 353 
4, 059, 694 
7, 040, 389 



1, 756, 753 

1, 803, 444 

1, 501, 274 

1,910,004 

2,291,767 

1, 003, 020 

355, 221 

71,098 

287, 192 

535, 147 



221, 973 
237, 077 
6 198, 066 
221,838 
236, 494 
116, 149 
40, 624 
9,558 
40, 565 
73, 627 



8,769 
8,065 
8,227 
7,479 
7,292 
11,904 
14, 174 
16, 191 
13, 849 
12, 437 



1,774,904 

1, 792, 082 
2. 928, 373 

2, 326, 047 
1,966,590 

4, 407, 595 
6, 861, 806 

5, 475, 380 
4, 077, 533 

3, 588, 045 



201, 445 
192, 574 
241, 305 
254, 975 
170, 113 
400, 375 
760,951 
1, 054, 566 
494, 126 
278, 421 



MANUFACTURING— MANUFACTURING NOT ELSEWHERE CLASSIFIED 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



6,246 


3,676 


8,755 


4,681 


8,106 


4,108 


8,487 


4,274 


8,269 


3,995 


7,801 


2,918 


8,352 


2,206 


7,495 


960 


7,278 


1,500 


6,408 


1,825 



2, 006, 

2, 066, 

1, 761, 

1, 993, 

1, 880, 

1, 152, 

685, 

323, 

541, 

772, 



173, 792 
195, 637 
163, 752 
195,999 
188,335 
105, 216 
56, 661 
24, 377 
51,736 
70, 192 



21, 494 
24, 349 

20, 326 

21, 702 
19, 267 
11,756 

6,201 
3,273 
7,262 
9,653 



220 

184 



2,570 
4,074 
3,417 
3,556 
3,477 
4,280 
6,272 
5,696 
4,842 
3,767 



304. 215 
460, 600 
467, 835 
455, 592 
585, 157 
841, 663 
796,917 
676, 232 
480, 173 
433, 320 



36, 733 
45, 484 
58, 260 
56, 179 
82, 284 
134, 443 
143, 375 
138,367 
85, 175 
41,456 



CONSTRUCTION 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



338 


9,701 


770 


10, 075 


609 


10, 071 


770 


10, 179 


947 


10, 462 


035 


8,871 


806 


6,457 


046 


2,115 


235 


2.140 


751 


3,353 



1,914,494 

2, 287, 548 

2, 41.1 184 

2,317,186 

2,291.630 

2, 174, 156 

1, 213, 234 

468, 670 

374, 434 

574, 874 



156,491 
162, 569 
171, 160 
170, 906 
178, 376 
150, 548 
80, 699 

30, 691 
23, 638 

31, 694 



17, 581 

19. 146 

20, 078 

17, 175 

16, 519 

15, 210 

7, 625 

3,639 

3,268 

4,358 



173 
190 



5,637 
6,695 
6,281 
7,117 
7,896 
9,674 
11,675 
15, 204 
14, 112 
12, 588 



391, 555 
528, 548 
642, 410 
661, 089 
790, 254 
867, 972 
, 022, 318 
969, 246 
704, 115 
681, 905 



43, 346 
53, 621 
59, 417 
71, 369 
70, 066 
82, 488 
111,048 
141,060 
91, 445 
66, 482 



TRANSPORTATION AND OTHER PUBLIC UTILITIES 



1925 
1926. 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



23, 613 


14, 862 


25, 100 


15, 444 


22, 912 


13,855 


23, 662 


13, 882 


23, 951 


13. 614 


23, 662 


12, 109 


23, 715 


10, 933 


24, 038 


6,700 


24, 302 


7,429 


28, 537 


9,808 



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 
5, 895, 192 



1, 468, 693 
1, 723, 399 

1, 588, 880 
1.81.3,088 

2, 092. 654 
1, 334, 229 

902. 635 
708, 168 
657, 272 
919, 298 



186, 314 
228, 663 
210, 878 
211,681 
222, 483 
156, 573 
105, 585 
98,118 
92, 258 
126, 600 



324 
329 



8, 751 
9,656 
6,982 
7.422 
7,994 
9,522 
10, 622 
14,981 
14, 349 
15,571 



928, 339 
1, 245, 631 
2, 295. 882 
1, 538, 135 
1, 500, 004 
3, 060, 013 
6, 584, 845 
6, 387, 532 
5, 826, 561 
5, 215, 038 



134, 745 
120, 174 
197, 472 
173, 170 
190, 692 
333, 528 
605, 249 
839, 051 
743, 116 
642, 896 



TRADE 



1925. 
1926. 
1927. 
1928. 
1929. 
1930 
1931. 
1932 
1933, 
1934 



109, 588 


71,910 


112,705 


71, 403 


122. 360 


74. 747 


129, 766 


79, 745 


132, 660 


78, 606 


134, 769 


59, 741 


136, 520 


46, 049 


135, 977 


20, 951 


137, 858 


39, 275 


146, 056 


52, 823 



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 
22, 949. 508 



1, 254, 046 

1, 165, 558 

1, 156, 870 

1, 246, 862 

1, 149, 235 

651,097 

460, 035 

234, 674 

435, 820 

670, 336 



145, 3.50 
140, 523 
137,352 
126,332 
107, 149 
64, 166 
45, 708 
30, 644 
60, 438 
92, 200 



1,751 
2,077 



37, 678 
41,302 
44, 931 
46,602 
50, 483 
71, 746 
86, 799 
111,363 
93, 621 
88, 053 



7, 229, 906 
7, 478, 473 
7, 430, 840 
8, 379, 620 
9, 230, 447 
13, 828, 241 
14, 484, 044 
13, 804, 005 
9, 222, 849 
10, 061, 452 



287, 506 
330, 998 
362, 339 
355, 514 
419, 398 
738, 695 
1, 025, 431 
1, 039, 924 
476, 184 
349, 162 



For footnotes, see p. 100. 



100 



STATISTICS OF INCOME 



T.\BLE 7 (Table 18, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934 by major industrial groups, showing for returns with net income and no 
net income, number of returns, gross income, net income or deficit, income too and 
excess-profits tax ^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ^ 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


^"tT^ St 

^^^ tax i 


Num 
ber5 


in^=3 Deficit 



SERVICE— PROFESSIONAL, AMUSEMENTS, HOTELS, ETC. 



1925 


28. 981 
32, 257 
34, 193 
36, 829 
39, 642 
42, 064 
42, 406 
47, 568 
47. 843 
50, 989 


16, 571 

17, 755 

18, 287 

19, 008 

20, 230 
18, 741 
15. 637 

7,140 
7,566 
11, 194 


1926 

1927 


1928 

1929 


1930 


1931 . -.- . 


1932 

1933 


1934 





2, 283, 168 
2, 628, 040 
2,680,916 

2, 784, 161 

3, 051, 820 
2, 757, 401 
1, 698, 877 

910, 255 

868, 980 

1, 561, 845 



246, 
260, 
244, 
254, 
314, 
234, 
117, 
64, 
60, 
107, 



28,467 
31, 040 

28, 626 
25, 501 

29, 632 
23, 705 
11,081 

6 8, 396 
8,478 
14, 863 



239 

348 



12,410 
14, 502 
12, 859 

14, 518 

15, 737 
19, 472 
22, 588 
36, 142 
35, 419 
34, 718 



5.56, 185 
732, 272 
906, 079 
043, 450 
140, 089 
407, 466 
980, 348 
181, 586 
952, 228 
812,431 



72, 226 
103, 772 
117,065 
126, 709 
154, 215 
179, 230 
241, 288 
480, 481 
378, 023 
283,406 



FINANCE 



-BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK 
AND BOND BROKERS, ETC. 



1925 
1926 
1927 
1928 
1929 
1930. 
1931 
1932 
1933 
1934. 



115, 947 


73, 246 


130, 433 


76, 819 


137, 425 


78, 100 


145, 433 


80, 315 


1.50, 588 


80, 260 


153, 182 


72, 102 


152, 920 


59. 129 


143, 805 


26, 395 


142,942 


22, 369 


147, 277 


27, 257 



8. 503, 

9, 356, 
10, 797, 
12,.556. 
10, 872. 

7,519. 
4, 293, 
2, 778, 
2, 725, 
3, 036, 



1, 523, 823 

1, 336, 893 

1, 522, 834 

1,971,343 

2, 197, 539 

1,064,816 

570, 502 

287, 992 

260, 569 

452, 414 



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 


35, 848 


504 


99,314 


62, 108 


742 


98,839 



5 2, 013. 582 
2, 942, 936 
2, 407, 046 

6 2, 677, 838 

4, 786, 459 

5, 777, 697 

6, 535, 974 
5, 378, 896 
4, 69,5, 482 
4, 868, 813 



56, 219 
528, 032 
566, 177 
566, 199 
008, 827 
506, 677 
256, 843 
335, 500 
273, 806 
657, 190 



NATURE OF BUSINESS NOT GIVEN 



1925 


13, 544 

14, 871 

18, 693 

16, 597 

17, 247 
21, 330 

19, 334 

18, 158 
11,511 
12, 458 












13, 544 
14,031 
1,731 
1,350 
1,748 
1,898 
2,228 
2,099 
1,262 
1,251 




1,956 


1926 

1927 - 


840 

1,492 

960 

1, 1.52 

1,040 

1,045 

339 

228 

188 


27. 393 

48, 540 

26,411 

21, 886 

1.5. 197 

12. 494 

2,719 

1,899 

2,071 


2, 604 
4, 143 
3.940 
2,312 
1, 786 
1, 796 
1,041 
479 
908 


220 
348 
309 
94 
88 
105 
135 
67 
125 


2 
2 


17,572 
37. 336 
21.639 
25, 715 
17, 773 
24, 3,54 
12, 403 
7.643 
3,546 


6. 287 
9,398 


1928 ..__ 

1929 

1930 


6,920 
8,703 
12, 303 


1931 


18, 724 


1932 . . 


14,813 


1933 


5,838 


1934 


5. 058 







* Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 209-213. 

2 Includes returns showing no income data — inactive corporations. 

3 Gross income corresponds to total income as reported on face of return, plus the "Cost of goods sold" 
and "Cost of otlier operations." For 1934, interest received on Libert.v bonds, etc., has been deducte<l from 
gross income so that gross income will include tlie same items as in prior years. 

* The excess-profits tax for 1933 became effective .June 30, 1933, under the tax provisions of the National 
Industrial Recovery Act. Under the provisions of the Revenue Act of 1934, a small amount of excess-profits 
tax for 1934 appears on returns with no net incon e for income tax purposes, due to the credit for interest 
received on certain obligations of the I'nited States and its instrumentalities, which is allowed against net 
income in the computation of the income tax, not being allowed against net income in the computation of 
the exce.ss-profits tax. (See article 1 (rf). Treasury Decision 4469, "Regulations relating to excess-profits 
tax imposed by section 702 of the Revenue Act of 1934.") 

5 Prior to 1927, returns showing no income data— inactive corporations — were included with returns show- 
ing no net income. 

6 Revised. The revised figures for 1925 apply to Statistics of Income for 1925, table 11, p. 118, "Stock and 
bond brokers", and table 14, p. 149, "Illinois." For revised figures for 1927, see Statistics of Income for 
1928, p. 329; for revised figures for 1928, see Statistics of Income for 1930, p. 239; for revised figures for 1930, see 
Statistics of Income for 1931, pp. 32, 33; for revised figures for 1932, see Statistics of Income for 1933, p. 37. 

' Liquors and beverages included in "Food and kindred products" prior to 1932. 

* Includes "Tobacco products." 

' Not available. Included with "Food and kindred jiroducts." 



STATISTICS OF INCOME 



101 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, by States and Territories, shoiving for returns with net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax ' 

[Money figures in thousands of dollars] 

[For text defining certain items and describing returns included, see pp. 1-5] 





Total 
num- 
ber of 
returns 2 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income • 


Net 
income 


Income 
tax 


Excess- 
profits 

tax * 


Num- 
ber' 


Gross 
income ' 


Deficit 



ALABAMA 



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 


3,797 


1,295 



547, 133 
547, 389 
519,012 
500, 374 
454, 089 
249, 927 
131,214 
50, 683 
175, 190 
241,750 



42, 930 

40, 662 

35, 667 

31, 251 

29, 059 

12,394 

6,019 

2,200 

8,140 

10,910 



4.979 

4,861 
4,172 
3,055 
2,643 
1,048 
412 
247 
1, 105 
1,504 



1,367 
1,515 
1,313 
1,608 
1,767 
2,261 
2,370 
2,953 
2,416 
2,098 



108, 525 
123, 285 
138, 880 
161,097 
176,391 
276, 462 
244, 801 
232, 078 
160, 538 
181, 338 



ALASKA 



159 


72 


156 


73 


174 


94 


175 


94 


182 


109 


170 


92 


181 


71 


165 


42 


170 


61 


203 


62 



6,955 
7,283 

7,378 
7,459 
8,618 
6,284 
4,368 
2,949 
4,214 
4,458 



572 
674 
678 
642 
837 
503 
333 
261 
337 
556 



87 
83 
48 
51 
46 
55 
86 
92 
87 
115 



1,082 
1,901 
1,441 
2,189 

1,857 
2,808 
3,488 
2,770 
2,762 
3,103 



ARIZONA 



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 


1,586 


389 



114,245 
119,900 
129, lg7 
126, 210 
161, 623 
69, 571 
48, 834 
19, 672 
29, 778 
66. 782 



7,679 
8,813 
7,780 
9,811 
18, 992 
4,756 
2,522 
868 
1,110 
3,279 



814 




858 


1,011 




886 


865 




403 


936 




430 


1,732 





510 


421 




725 


194 




807 


106 




1,026 


153 


2 


934 


451 


21 


809 



26,645 
29,687 
30, 332 
45, 425 
36, 616 
74, 354 
56. 072 
52, 256 
42, 635 
37, 302 



ARKANSAS 



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 


2,366 


907 



323, 778 

302, 332 

272, 395 

308, 073 

304, 739 

146. 506 

69, 487 

40, 052 

87, 868 

133, 632 



22, 899 
18, 597 
16.260 i 
17.064 I 
17, 566 
6, 755 
3,946 
1,901 
3, 981 
6,002 



2.515 




861 


2,123 




933 


1,811 




884 


1,573 




889 


1,451 




795 


571 




1,309 


303 




1,415 


231 




1,679 


545 


28 


1,460 


825 


34 


1,336 



70, 654 
91,264 
113,687 
107, 435 
74, 138 
160, 302 
144, 318 
116, 265 
82, 670 
82, 131 



CALIFORNIA 



20, 263 


10, .539 


21. 258 


10,901 


22. 162 


11,098 


22, 754 


11.438 


23, 236 


11,316 


23,836 


9,517 


23, 738 


7,465 


24, 109 


4,419 


23, 700 


5,264 


25, 106 


7,112 



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 
2, 790, 876 



417, 826 
426. 839 
447, 750 
552, 289 
512, 923 
324, 584 
190, 149 
139,578 
156,571 
228, 691 



50, 534 
54. 319 
56, 530 
62. 038 
52, 960 
36, 114 
20, 714 
18, 703 
21, 644 
31, 449 



335 
382 



9,724 
10, 357 
8.494 
8, 747 
9,243 
11,538 
13, 569 
16, 590 
15, 352 
14,675 



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 
1,714,305 



For footnotes, see p. 111. 



102 



STATISTICS OF INCOME 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 19S4, by States and Territories, showing for returns with net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax^ — Continued ^ 

[Money figures in thousands of dollars] ^ 





Total 
num- 
ber of 
returns' 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber* 


Gross 
income ' 


Deficit 



COLORADO 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



6,399 


2,983 


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 


6,824 


1,659 



821. 002 
853, 412 
745, 766 
941, 132 
738, 303 
446, 515 
284, 298 
191, 260 
296, 951 
385, 308 



60, 448 
62, 872 
47, 758 
59, 932 
52, 349 
30, 943 
18, 442 
14,283 
25, 825 
32, 985 



7,077 
7,812 
5, 647 
6,109 
5,084 
3,090 
1,786 
1,775 
3,557 
4,536 



75 
103 



3,416 
3, 509 
2,291 
2,313 
2,474 
2,845 
3,355 
4,564 
4,251 
3,851 



161,788 
182, 200 
292, 356 
147, 988 
200, 275 
364, 806 
366, 998 
322, 205 
233, 981 
203, 087 



CONNECTICUT 



1925 
1926 
1927 
1928. 
1929 
1930 
1931 
1932 
1933 
1934 



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 


8,948 


2,385 



1, 578, 
1, 683. 

1, 785. 
1,925, 

2, 021, 
1, 329, 

851, 
462, 
663, 
962, 



125,093 
124, 029 
136, 992 
177, 471 
199. 914 
84,911 
58. 810 
35, 344 
50, 968 
73, 219 



14, 887 

15, 646 

16, 827 

19, 570 

20, 782 
9,170 
6,398 
4.752 
7,069 

10, 073 



2,238 
2,509 
2,283 
2,326 
2,486 
3,742 
4,425 
6,418 
6,101 
5,940 



388, 403 
372, 503 
333, 327 
365, 863 
378, 205 
763, 913 
902, 377 
905, 173 
754, 143 
711,228 



DELAWARE 



1925.. 
1926.. 
1927.. 
1928.. 
1929.. 
1930.. 
1931.. 
1932.. 
1933.. 
1934.. 



1, 376 


780 


1,483 


811 


1, 5.53 


845 


1, 705 


984 


1,951 


1,068 


1,951 


888 


1,966 


674 


2,054 


445 


2,106 


472 


2,572 


706 



502, 

644, 

1, 088, 

1, 330, 

1, 674, 

1, 477, 

679, 

585, 

530, 

760, 



60, 
82, 
116, 
189, 
272, 
12.5, 
76, 
40, 
62, 
93, 



7, 665 
10,815 
15, 548 
22,067 
29, 423 
14, 548 
8,939 
5,573 
8.688 
12, 882 



123 

145 



596 


52, 555 


672 


57, 164 


485 


97, 435 


471 


105, 179 


583 


175, 492 


811 


278, 671 


1,003 


813, 073 


1,341 


636, 895 


1,356 


658, 344 


1,509 


570,810 



DISTRICT OF COLUMBIA 



1925. 
1926. 
1927 
1928 
1929. 
1930 
1931, 
1932 
1933 
1934. 

1925. 
1926 
1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 
1934 



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 


2,598 


918 



498, 652 
596, 909 
548, 825 
565, 365 
667, 465 
472. 483 
283, 654 
174, 424 
216,810 
305, 696 



64, 493 

65, 987 
55, 838 
55, 898 
52, 909 
30, 330 
22, 376 
14, 949 
13, 914 
22, 871 



8,119 




672 


8,671 




811 


7,225 




695 


6,423 




822 


5, 460 




872 


3,286 




966 


2,419 




1,081 


2.064 




1,590 


1,948 


14 


1,554 


3,145 


49 


1,428 



51, 489 
68, 254 
90, 086 
102, 795 
88, 083 
121, 339 
253, 735 
257, 854 
211, 183 
221, 222 



FLORIDA 



8,284 


5,478 


10, 853 


4,702 


11,010 


3, 443 


11,283 


3,368 


11,119 


3,489 1 


11,309 


3,469 ] 


11,028 


3,064 1 


9,853 


1,204 


9,263 


1, 54\ 


9,609 


2, 332 



1, 128, 
818, 
369, 
352. 
355, 
323, 
229, 
125, 
186, 
326, 



192, 320 
82, 638 
32, 218 

27, 064 

28, 114 
20, 922 
12, 806 

6, 481 
8.471 
16, 458 



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 


1,161 


48 


5,892 


2,265 


81 


5, 423 



106, 024 
343, 417 
372, 695 
288,297 
284, 945 
254, 971 
263, 357 
262, 469 

207, 694 

208, 254 



For footnotes, see p. ill. 



STATISTICS OF INCOME 



103 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, bri States and Territories, showing for returns with net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns* 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


^^"^ tax * 


Num- 
ber 6 


Gross 
income ' 


Deficir 



GEORGIA 



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 


5,900 


2,277 



986, 022 
871, 829 
869, 452 
875, 584 
806, 659 
436, 314 
316, 569 
178, 537 
406, 807 
565, 990 



67, 081 
61,824 
70, 521 
64, 903 
62, 281 
25, 925 
18, 624 
10. 767 
22, 769 
35, 126 



7.700 
7,564 
8,320 
6, 891 
6,105 
2,252 
1,664 
1,354 
3,115 
4,830 



1,897 
2,047 
1,839 
1,922 
2,037 
2,717 
3,308 
4,046 
3,349 
3, 153 



192, 118 

228, 593 

229, 623 
257, 331 
293, 278 
427, 555 
356, 912 
326. 905 
202, 500 
228, 405 



HAWAII 



594 


380 


633 


429 


686 


445 


734 


455 


784 


448 


785 


413 


669 


295 


780 


304 


768 


329 


791 


371 



160, 612 
190, 085 

205, 254 

206, 357 
213, 699 
184, 486 

46, 360 
91. 062 
156, 898 
176, 327 



22, 148 
25, 849 
28, 349 
33. 456 
28, 829 
22, 836 
4,552 
7,675 
19. 518 
16. ,^.86 



2,794 




214 


3,996 




204 


3,715 




203 


3.883 




238 


3,046 




291 


2,643 




3.39 


447 




346 


1,031 




446 ' 


2.680 


14 


413 \ 


2.281 


9 


392 



31, 931 
18, 314 
32, 904 
41,473 
20, 577 
42, 304 
52, 942 
10.5, 213 
50,812 
40, 655 



IDAHO 



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 


2,270 


593 



142, 932 
146. 791 
118, 271 
126, 777 
135, 466 
86, 771 
56, 223 
21, 777 
42, 957 
69, 703 



9.014 
7,707 
5,930 
6. 645 
7,525 
4,943 
2.819 
1.258 
2.046 
3,690 



975 




1,267 


837 




1,291 


,587 




564 


535 




553 


505 




.593 


4r3 




790 


226 




1,031 


177 




1,323 


280 


9 


1,078 


502 


19 


966 



36, 391 
50, 174 
53, 184 
50,413 
50, 361 
73, 898 
65, 211 
.58, 949 
47, 434 
41, 224 



ILLINOIS 



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, 206 


7,259 


34, 845 


9.974 



13, 362, 186 

14, 390, 967 
1 1, 953, 762 

15, 684, 946 
14. 094, 546 

9, 617, 188 
5, 651. 020 
3, 565, 964 
5, 337, 930 
7, 446, 960 



851,832 
901, 782 
836. 588 
1, 012, 940 
1. 103, 647 
586, 664 
263, 614 
131, 9,59 
220, 079 
368, 385 



105, 692 




10, 472 


116,559 




11,354 


107. 499 




10, 052 


115. 222 




10, 370 


115, 133 




11,339 


66, 135 




15, 780 


28, 520 


— 


18, 920 


15,713 




24, 144 


30. 722 


579 


21, 731 


50, 791 


799 


21, 099 



6 2, 044, 832 
2, 238, 434 
4, 764, 386 

6 2,151,365 

4, 801, 819 
6. 402, 522 
6, 825, 575 

5, 758, 058 
3, 899, 593 
3, 608, 633 



INDIANA 



11, 067 


6,826 


11, 080 


6,889 


11, 463 


6,821 


U, 703 


6,836 


11, 789 


6,881 


11,663 


5,289 


11,989 


4,395 


11,649 


1,963 


11, 773 


2,797 


12, 275 


3,646 



1, 745. 149 

1, 806. 530 

1, 582, 823 

1, 635, 492 

1, 708, 371 

994, 645 

696, 537 

292, 504 

571, 914 

894, 540 



135, 335 
129. 344 
115, 760 
122, 603 
124, 080 
71, 467 
50, 362 
23, 414 
36, 804 
60. 116 



15, 736 
15, 748 
13, 965 
12,902 
11, 980 
7,250 
4,888 
3,108 
5,082 
8,275 



182 
210 



4,231 


315, 924 


4,191 


371, 233 


3,343 


479, 236 


3,561 


469, 320 


3,705 


502, 243 


5. ISO 


767, 555 


6,236 


730, 309 


8,322 


702, 416 


7,423 


480, 611 


6, 965 


507, 688 



For footnotes, see p. 111. 



104 



STATISTICS OF IXCOME 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, by States and Territories, showing for returns vnth net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
'excess-profits tax ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returnF ^ 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net Income ^jj^lf" 
income tax P[°^^f 


Num- 
ber » 


Gross 
income ' 


Deficit 



IOWA 



1925 - 


9,048 
8.843 
9,050 
8,643 
9,116 
9,125 
9,350 
9,131 
9,011 
8,990 


5,115 
5.060 
5, 087 
4,981 
5, 109 
4, 5f 8 
3,527 
1,377 
1,987 
2. 654 


1926 . -. 


1927 


1928 

1929 


1930 


1931 


1932 

1933 


1934 





974, 948 

1, 054, 994 

1,047.967 

1, 098, 127 

1,089,544 

935, 209 

548, 375 

286. 327 

415, 557 

605, 840 



56, 259 
56, 751 
53, 292 
6.5. 510 
68, 045 
46, 489 
25,509 
11,239 
18, 543 
27, 254 



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 


2,584 


50 


5,060 


3,768 


73 


4,409 



241, 131 
218,046 
248, 748 
219, 656 
261, 779 
337, 932 
408. 076 
380, 172 
2.53,415 
232, 770 



24, 377 

25, 033 
19, 190 
18, 550 
20, 436 
28, 276 
47, 427 
.56. 170 
37,714 

26, 938 



KANSAS 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



.5,003 


3,132 


5, 280 


3,253 


.5, 191 


3,122 


5, 228 


3, 258 


5, 192 


3,278 


5.808 


2.846 


5,290 


2.111 


4,997 


1,064 


4,833 


1,175 


4, 955 


1.674 



951, 362 

1, 109, 432 

879, 042 

1,061,843 

1, 157, 222 

710. 603 

460, 740 

288, 764 

205, 823 

493, 7.50 



109, 216 
131, 459 
99,606 
108, 127 
134, 228 
74. 321 
32, 439 
13,308 
8,203 
19, 990 



13,443 

17,017 

12.807 I 

12,100 

13,952 

8,241 

3.435 

1,8!0 

1,131 I 33 

2,772 I 49 



1,871 
2,027 
1, 677 
1,531 
1,517 
2, 059 
2,714 
3,453 
3,131 
2.829 



1,59, 086 
141,5.54 
295, 469 
178, 640 
154,393 
373, 290 
281, 443 
2,39, 684 
294. 673 
218, 757 



13, 573 
12,889 
29. 873 
10, 460 
12, 768 
29, 352 
52, 645 
32, 539 
21,944 
20, 256 



KENTUCKY 



1925 

1926 . 


5,295 
5,479 
5,718 
5,894 
5, 668 
5.764 
5,470 
5,193 
5,103 
5,299 


3,418 
3,403 
3, 397 
3,457 
3,316 
2,767 
2, 158 
1,079 
1,439 
1,892 


1927 - 


1928 


1929- - 


1930 

1931 


1932 


1933 


1934 . .. 





768, 520 
933, 658 
938. 354 
955, 937 
921. 182 
612, 278 
267, 715 
221, 566 
349, 713 
576, 013 



78. 149 
77, 203 
72, 270 
75, 154 
77, 305 
.38. 453 
18, 965 
14,468 
23,933 
43, 978 



9,418 
9,612 
8,893 
8,172 
7,746 
3.982 
1,843 
1,873 
3,316 
6,047 



110 
100 



1,877 
2,076 
1,691 
1, 783 
1. 799 
2,364 
2,765 
3.586 
3,141 
2,895 



128,198 
194,012 
157,883 
172,661 
193, 354 
277, 027 
433, 143 
327, 561 
245. 309 
267, 830 



11,484 
14,471 
14,494 
15,998 
16, 388 
74, 305 
40, 242 
39. 228 
29, 766 
24, 001 



LOUISIANA 



1925-. 
1926- 
1927.. 
1928- 
1929.^ 
1930.-^ 
1931- 
1932- 
1933- 
1934- 



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 


6,995 


2,012 



1, 002, 632 
930, 187 
936, 032 

1, 040, 909 
885, 801 
605. 069 
419. 649 
243, 716 
384. 501 
527, 452 



64, 233 
62, 497 
56, 861 
60, 221 
53, 648 
33, 217 
23, 234 
14, 929 
21, 130 
31, 487 



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 


2,880 


83 


4,315 


4, 357 


68 


4,144 



273. 482 


26, 153 


312, 137 


26, 200 


316, 042 


26. 323 


295, 881 


27, 385 


339, 902 


32, 196 


515, 634 


51, 988 


480, 865 


59, 975 


399, 762 


.54, 925 


237. 503 


48.511 


262. 124 


30. 565 



MAINE 



1925 


3, 464 
3,443 
3,489 
3,644 
3,720 
3,789 
3,884 
3,771 
3,771 
3.897 


1,945 
1,972 
2.072 
2,092 
2, 095 
1.888 
1,535 
713 
854 
1,087 


1926... 


1927— 


1928— 


1929 


1930 


1931—- 


31932 


1933... 


:1934— 





478, 669 
461,039 
484, 207 
494, 436 
487, 657 
330, 322 
210, 292 
107, 009 
155,431 
191,809 



39, 072 
32, ,529 
36, 574 
34,915 
35, 379 
24, 232 
13, 355 
7, 924 
10,119 
12,638 



4,584 
3,909 
4,327 
3,703 
3,432 
2. 496 
1,304 
1,084 
1, 358 
1.743 



1, 519 


97, 833 


10, 187 


1,471 


99, 758 


10, 464 


1,042 


108,635 


11,270 


1,133 


124,662 


8,974 


1,180 


141,410 


20, 792 


1, 476 


265, 180 


28, 487 


1, 806 


270, 579 


36, 900 


2, 614 


238, 515 


49,719 


2, 454 


189, 082 


38,067 


2,313 


181, 1,55 


21, 097 



Foi footnotes, see p. 111. 



STATISTICS OF IXCOME 



105 



Table S (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, by States and Territories, showing for returns ivitli net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax • — Continued 

[Money figures in thousands of dollars] 



Total 
num- 
ber of 
returns ^ 



Returns showing net income 



N'um- 
ber 



Gross 
income ^ 



Net 
income 



Income 
tax 



I Excess- 

I profits 

tax< 



Returns showing no net income 



Num- 
ber 5- 



Qross 
income ■ 



Deficit 



MARYLAND 



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, 31.3 


1,653 


6,740 


2,187 



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 

687, 119 



103, 665 
ll8, 166 
104.113 
156.352 
165.645 
116,375 
76, 622 
56, 117 
55, 447 
55, 948 



12, 753 
14, 934 

13, 189 
17,573 
16,851 
13, 225 

8,736 
7,712 
7, 6,59 
7,581 



80 
143 



2,371 
2,433 
1,882 
2,067 
2,143 
2,479 
2,932 
4,102 
3,836 
3,735 



220, 659 
211,857 
222, 922 
236, 587 
279, 430 
420, 191 
719,472 
703, 194 
577, 569 
593, 365 



19, 345 
20,398 
36, 988 
25, 825 
30, 010 
57, 808 
101,813 
135, 243 
102, 824 
70. 417 



MASSACHUSETTS 



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 


21, 206 


6,188 



5, 436. 777 
5, 288, 583 
5.575.411 
6 5, 354, 347 
5, 739, 160 
3, 506, 843 
2,581,451 
1,616,236 
2, 492, 028 
2,557,615 



407, 769 
382, 932 
399,971 
412,506 
414,570 
249, 537 
170, 983 
106, 685 
177,754 
177, 365 



49, 269 




6,813 


48, 500 




7,887 


49, 174 




7,149 


45, 923 




7,501 


44, 620 




7,980 


27, 837 




10, 546 


18, 985 




11,948 


14, 217 




15, 396 


24, 779 


451 


13. 720 


24. 388 


216 


13, 622 



1,315,091 

1, 794, 802 
1, 366, 4C6 
1, 849, 502 
1,914,633 

2, 729. 715 
2.410,170 
2, 231. 981 
1,616,687 
1, 872, 967 



112.722 
146. 128 
136, 208 
147, 014 
190,760 
346, 662 
337, 204 
369. 374 
226. 791 
172. 298 



MICHIGAN 



13,016 


8,103 


13, 5,53 


8,282 


14. 120 


7,953 


14, 920 


8,655 


15, 543 


8,631 


15, 758 


6, C45 


15, 287 


4,562 


14,951 


2,063 


14, 798 


3,141 


15, 582 


4,742 



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 
4, 918, 522 



762, 997 
672, 422 
624, 658 
735,671 
762, 435 
389, 342 
239, 140 
54, 022 
176, 627 
282, 582 



96, 056 
88, 183 
81,971 
85,310 
71,628 
43, 858 
27. 123 
7,219 
25, 110 
38, 862 



184 
325 



4,913 


640, 995 


63, 876 


5, 271 


671,641 


84, 481 


4.873 


1, 235, 428 


134, 299 


4.840 


1,325,147 


159, 477 


5.448 


1,106,247 


119.044 


8,063 


1, 716, 269 


193, 928 


9,124 


2, 036, 296 


299,845 


1,247 


2, 224, 772 


372,480 


9,947 


1, 306, 356 


169, 299 


9,103 


950, 968 


126, 068 



MINNESOTA 



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 


11,298 


3.185 



2, 304, 006 
2, 245, 522 
2, 499, 166 
2, 544, 669 
2, 502, 989 
1, 857, 606 
1. 063, 009 
652, 128 
995, 647 
1, 326. 095 



131, 886 
130, 212 
117,224 
155. 637 
146. 669 
87, 556 
57,311 
31, 115 
44.779 
59, 810 



15, 796 
16, 156 
14, 227 
17,C91 
14, 697 
9,225 
5,991 
4,166 
6,284 
8,236 



4,734 
5,095 
3,693 
3,544 
3,563 
4,435 
5,427 
7,513 
6,855 
6,414 



389, 834 
517,264 
343, 390 
418, 990 
477,318 
722, 989 
951, 175 
867, 046 
651, 229 
676. 997 



31,810 
31, 056 
36. 398 
28, 226 
32, 732 
60. 139 
105. 601 
143, 426 
103. 034 
91.804 



MISSISSIPPI 



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 


2.326 


835 



262,518 
253, 904 
236, 058 
257, 632 
266. 681 
143. 578 
83. 089 
25, 779 
71,080 
119,709 



15, 759 
13, 166 
12, 176 
12,700 
13, 737 
5,999 
3,485 
1,128 
2.856 
4,670 



1,664 




552 


1, 435 




700 


1,242 




674 


1, 066 




780 


1,131 




894 


512 




1,293 


267 




1,461 


133 




1,778 


391 


12 


1,461 


639 


23 


1, 325 



48, 648 


3.797 


67, 587 


7,405 


77,817 


7.861 


80.317 


6,779 


96. 251 


7,728 


36, 535 


14, 3f 6 


11,822 


15, 1C5 


06,816 


16.0^8 


77, 530 


10,721 


81, 179 


8.811 



For footnotes, see p. 111. 



106 



STATISTICS OF INCOME 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, by States and Territories, showing for returns with net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ^ 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber J 


Gross 
income ' 


Deficit 



MISSOURI 



1925 
1926. 
1927 
1928 
1929 
1930. 
1931 
1932 
1933 
1934 



15, 673 


9,372 


16, 145 


9.160 


16, 370 


9,017 


16, 751 


9,137 


17, 223 


9,146 


17, 106 


7,411 


16, 767 


5,723 


16, 373 


3,140 


15, 594 


4,014 


IS, 835 

1 


4,879 



3, 740, 
3, 783. 
3,441, 
3, 724, 
3, 796, 
2, 574, 
1, 4(i2, 
986, 

1, 478, 

2, 018, 



272, 484 
267, 510 
239, 671 
256, 781 
262, 695 
162, 446 
101,315 
78, 524 
100, 036 
142, 891 



33,347 
33, 948 
30, 281 
27, 953 
26, 786 
17, 748 
10, 872 
10, 554 
13, 796 
19, 661 



186 
256 



6,301 
6,985 
5,627 
5,711 
6,068 
7,691 
9,107 
11, 243 
9,769 
9,151 



574, 474 

704, 211 

970, 500 

766, 051 

862, 061 

1, 275, 416 

1, 573, 324 

1, 365, 961 

976, 015 

939, 236 



48, 707 
51, 022 
66,960 
60, 573 
65, 538 
103, 086 
185, 867 
184, 323 
151,477 
132, 843 



MONTANA 



1925_ 


3,907 


1,609 


1926 


3,866 


1,686 


1927 -... 


4,020 


1,837 


1928 


3,708 


1,933 


1929. -- 


3, 585 


1,822 


1930- -- 


3, 350 


1,419 


1931 -- 


3, 201 


1,099 


1932 1. 


3,044 


529 


1933 - 


2,933 


630 


1934... - 


-5,967 


937 





166, 
162, 
194, 
213, 
190, 
116, 
78, 
33, 
50. 
116, 



11,841 
13, 937 
13,312 
14,643 
11,942 
5, 582 
3,286 
1,048 
2, 036 
5,520 



1, 196 

1,520 

1,361 

1,249 

941 

379 

251 

121 

279 

759 


'7' 

28 


2,298 
2,180 
983 
960 
1,070 
1,454 
1,729 
2, 153 
1.938 
1,647 



50, 781 
63,611 
48, 014 

46, 558 

47, 886 
72, 374 
68, 003 
71,612 
59, 639 
46, 340 



7,716 
6,643 
9,343 
5,483 
6,770 
10,629 
17, 489 
11.790 
7,595 
8,047 



NEBRASKA 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



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 


4,611 


1.379 



586, 
607, 
667, 
653, 
646, 
515, 
303, 
133, 
216, 
342, 



30, 391 
27, 498 
26. 750 
30, 624 
30, 079 
21, 996 
12, 648 
7,138 
9,813 
19,905 



3,318 
3,122 
2,982 
2,882 
2,662 
2,043 
1,087 
948 
1.360 
2.737 



1. 715 
1,779 
1, 296 
1,251 
1,352 
1,705 
2,355 
3,308 
2,844 
2.784 



129. 102 
127, 779 
120, 555 
153, 126 
137, 689 
180, 543 
204, 894 
236, 421 
168, 021 
136, 803 



12, 538 
10, 178 
9.462 
10, 356 
17. 306 
15. 628 
21, 106 
27, 803 
21. 783 
17,823 



NEVADA 



1925. 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



1.029 


351 


969 


320 


874 


314 


1.026 


353 


1,033 


351 


1,022 


309 


997 


301 


938 


108 


888 


106 


956 


195 



29, 135 
67, 879 
108, 219 
150, 590 
252, 796 
244, 956 
358, 248 
254. 427 
246. 21 1 
133. 357 



2,342 

2.881 
4,109 
6, 963 
9,771 
5,547 
0, 840 
6,462 
6,727 
3,403 



215 




678 


316 




643 


487 




253 


736 




281 


971 




315 


595 




401 


754 




410 


896 




542 


953 


13 


502 


468 


18 


493 



13.312 
12,5.57 
11.550 I 
10.008 I 
11.935 ! 
24,508 I 
19.490 I 
26.225 
26,832 
33,599 



6,442 
3, 077 
3, 412 
4.602 
4,330 
5, 845 
4,777 
6,021 
15, 992 
4,656 



NEW HAMPSHIRE 



1925 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



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 


1,472 


509 



144, 
147, 
149, 
153, 
152. 
112, 
73, 
47. 
75, 
105, 



10, 262 
9,293 
11,148 
11,398 
11,948 
7,455 

4. 166 
2, 151 

5, 005 
7,760 



1,169 

1,065 

1,240 

1, 168 

1.1:7 

720 

362 

277 

689 

1,066 



399 
466 
477 
621 
687 
934 
943 
865 



74, 748 
81, 240 
48, 475 
80,241 
59, 075 
94, 389 
80, 675 
72, 788 
67, 653 
73, 149 



5,780 
8,052 
6,099 

11. lOt 
A. 7*3 

11.647 
8.733 

10. 577 
7.488 
6,141 



For footnotes, see p. 111. 



STATISTICS OF I]S(COME 



107 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns /or 1925 
to 1934, by States and Territories, showing for returns with net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ^ 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber » 


Gross 
income ' 


Deficit 



NEW JERSEY 



15, 151 


9,494 


17, 480 


10,413 


19, 14.3 


10, 783 


20, 509 


11,310 


21,885 


11,646 


22,489 


9,945 


22, 967 


8,449 


23, 278 


3,128 


2Z. 902 


3,599 


25, 383 


4,747 



3, 810, 
4, 105, 
4, 393, 
3, 607, 
3, 748, 
2, 484, 
1, 745, 
996, 
1,2?6, 
1,785, 



331,624 
342, 090 
349. 484 
376, 247 
444, 895 
224, 871 
157,129 
106, 566 
125, 456 
167, 161 



39, 209 
42, 830 
43, 337 
41, 171 
45, 680 
24, 075 
16,813 
14,037 
17, 395 
23, 036 



1.54 
135 



5,657 
7,067 
6,863 
7,605 
8,468 
10,711 
12,515 
17, 955 
17, 972 
18, 104 



512, 406 

701, 615 

808, 805 

782, 487 

955, 695 

1,405,281 

1, 794, 189 

1, 776, 135 

1, 551, 898 

1,393,616 



NEW MEXICO 



941 


4,35 


1,108 


471 


1,019 


495 


1,103 


541 


1.126 


568 


1,136 


491 


1,172 


375 


1,197 


188 


1,132 


241 


1,181 


347 



64. 243 
57, 108 
61,856 
70, 297 
66, 999 
49, 579 
29,711 
12, 1.57 
24, 325 
41, 407 



3,173 
3,708 
3,998 
4,621 
4, 320 
2,455 
1.247 
412 
1,117 
2,059 



311 




506 


395 




637 


418 




283 


416 




282 


354 




300 


179 




430 


68 




558 


47 




738 


1.54 


6 


656 


283 


14 


596 



13. 667 
16, 787 
16, 840 
17,357 
17, V62 
27, 216 
29, 180 
32, 497 
20, 541 
20, 127 



NEW YORK 



79, 414 


46, 838 


89,617 


61 424 


96, 949 


63,051 


103, 372 


55, 008 


107, .300 


55, 304 


111,100 


47,674 


110,851 


39, 271 


109, 931 


15, 599 


110,436 


18, 922 


118,941 


24, 318 



2, 598, 
2, 770, 

2, .545, 

3, 248, 
3, 646, 
2,091, 
1, 216, 

700, 

831, 

1,191, 



322. 979 
356. 409 
324, 573 
367, 733 
383, 110 
238, 010 
135, 402 
94, 739 
116,7-13 
164, 073 



1.578 
1,720 



32, 576 
38, 193 
36, 108 
40, 062 
43, 865 
.54, 627 
62, 639 
85, 234 
81,811 
83, 689 



5. 440, 764 
6, 084, 458 
7, 064, 365 
6, 116, 345 
7,901,545 
12.011,326 
10, 194, 996 
14, 191, 558 
10, 691, 022 
11,562,650 



NORTH CAROLINA 



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 


5,900 


2,676 



1, 155, 

1, 212, 

1, 340, 

],225, 

1, 149, 

732, 

673, 

464, 

690, 

849, 



106, 623 
102, 879 
114,607 
96, 562 
104, 314 
73, 172 
71, 193 
62, 687 
54, 469 
65, 566 



12, 822 
13.017 
14, 147 
10, 770 
10,863 
8,334 
8,148 
8,565 
7,482 
9,015 



154 
110 



2,505 


232, 867 


2,764 


252, 468 


2,308 


190, 775 


2,667 


261, 067 


3,011 


298,036 


3,732 


471, 227 


3,803 


381, 167 


4,241 


345, 791 


3,206 


215, 406 


2,920 


272, 7G1 



NORTH DAKOTA 



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 


2,885 


785 



169,211 
131,664 
ino, 229 
160,651 
121.487 
88, 446 
44, 313 
26, 764 
47, 845 
66, 952 



7,972 
6. 574 
5,412 
5, 688 
4,538 
2,721 
1,651 
827 
1,267 
2,083 



.547 
422 
399 
321 
251 
133 
94 
102 
174 
280 



1,561 
1,893 
943 
972 
1,085 
1,458 
1,735 
1,910 
1,585 
1,454 



41,851 
49, 804 
35, 829 
44, 525 
44, 399 
59, 910 
53, 623 
62, 563 
38, 306 
34, 306 



For footnotes, see p. 111. 
149581—37 



108 



STATISTICS OF INCOME 



Table 8 (Table 19, Statistics of Income for IQZ3).— Corporation returns for 192b 
to 19S4, by States and Territories, shotving for returns with net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax ' — Continued 

[Money figures in thousands af dollars] 





Total 
num- 
ber of 
returns 2 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber' 


Gross 
income ' 


Deficit 



1925- 
1926. 
1927. 
1928. 
1929- 
1930- 
1931. 
1932- 
1933. 
1934. 



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 


26, 151 


8,471 



OHIO 



564, 543 
530,119 
505. 740 
589. 966 
687, 231 
301, 339 
170.378 
114,481 
175,811 
259, 674 



69. 182 
66, 541 

63, 487 

64. 776 
71,393 
33,041 
18, 223 
15, 124 
24, 323 
35, 804 



428 
525 



8,973 
9.209 
8,901 
8,942 
9,515 
13, 365 
15, 457 
19, 399 
17, 287 
16, 067 



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 
2, 179, 222 



153,511 
113,122 
132, 172 
123. 830 
153. 561 
250. 365 
391, 052 
478, 597 
348, 579 
200, 337 



OKLAHOMA 



1925 


5,608 


3,141 


1926 


5, 835 


3,299 


1927 


6, 132 


3,271 


1928 


6.456 


3,512 


1929 


6,671 


3. 649 


1930-- 


6, 944 


2.948 


1931 


6,558 


1,717 


1932 


6,092 


1,030 


1933 


5,975 


1.396 


1934 


6.060 


1.834 



937. 549 
915,820 
804, 266 
075, 497 
1. 047, 919 
519,489 
205, 067 
166,747 
254, 399 
474, 389 



73, 912 
84, 301 
56, 60S 
79, 233 
105, 607 
71. 297 
20,911 
20, 218 
27, 059 
49, 076 



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 


3.716 


i2,5 


3.892 


6.747 


139 


3,563 



183, 943 
402, 181 
306, 858 
293, 740 
336, 547 
702. 725 
591.717 
500. 309 
492. 528 
641,305 



27, 332 
32, 928 
45,641 
36.289 
28. 448 
69. 418 
119,879 
83. 668 
62. 469 
47, 637 



OREGON 



1925- 


5,850 


2,910 


1926 - 


6,144 


3. 003 


1927 


6,350 


3.028 


1928- -- 


6,673 


3,131 


1929 


6,863 


3.105 


1930 -- 


7,012 


2.590 


1931 


6,880 


1,910 


19.32..- 


6,446 


779 


1933 


6,247 


1,058 


1934 


6,093 


1,427 



468, 622 
503, 667 
486,618 
512, .332 
579, 209 
430, 249 
220, 112 
83. 397 
177. 766 
242, 517 



28, 652 

26, 867 

23,694 

29, 385 

30, 027 

17,010 

8,936 

3, 055 

5,448 

9, 235 



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 


757 


17 


3,861 


1,269 


24 


3,481 



203, 425 
197,205 
210,568 
204, 219 
206, 520 
287, 066 
311,467 
280, 190 
205, 485 
226, 652 



16, 874 
21, 240 
21,736 
18,904 
20,410 
37, 439 
43, 979 
51, 924 
37, 095 
23,080 



PENNSYLVANIA 



1925 


23, 502 


13, 569 


9,907,817 


891,119 


111.207 




9,933 


1, 633, 985 


151,087 


1926 


24, 173 


13. 820 


10,1,57,118 


941,819 


122.361 




10, 353 


1, 730, 696 


150, 307 


1927 — 


24, 883 


13. 193 


9, 986, 472 


806. 494 


104, 135 




9. 330 


2. 284, 379 


188, 397 


1928 


25. 558 


13.370 


10.209,117 


905.715 


104. 000 




9.665 


2. 151, 1.55 


181,313 


1929 


26. 357 

26, 577 


1.3.880 
11,254 


10. 843. 235 
7, 562, 032 


1. 060. 023 
565, 536 


112.113 
64, 380 




9. 795 
12, 549 


1,909,570 
3. 235, 599 


193, 501 


1930.-- 


316,422 


1931 


26, 448 


8,452 


3, 227, 380 


249,231 


27, 371 




15, 183 


5,010,370 


476. 652 


1932 


26, 800 


4.546 


2, 072. 786 


164,050 


21, 983 




19, 143 


4,092,190 


567. 085 


1933 


26, 605 


0.107 


3. 028. 214 


225, 937 


31, 554 


566 


17.462 


3. 259. 577 


409. 019 


1934 


28, 646 


8.104 


4,322.117 


330, 524 


45. 409 


481 


17. 255 


3. 570, 752 


319, 758 



RHODE ISLAND 



1925- 


2, 503 


1,419 


678, 751 


50, 376 


6,019 




1,084 


209. 296 


24, 130 


1926 


2. 566 


1, 368 


616,015 


43, 396 


5,477 




1,198 


252. 858 


22, 640 


1927 


2.688 


1,536 


735, 728 


49, 046 


5, 791 




947 


160, 030 


16, 193 


1928- -. 


2.871 


1,628 


691, 950 


51,732 


5,585 




1,000 


187, 610 


15, 107 


1929 


2. 964 


1,650 


083, 002 


54, 487 


5,504 




1,067 


231, 893 


19, 731 


1930 


3, 068 


1,370 


380, 338 


23, 345 


2,677 




1,450 


370, 685 


57, 783 


1931 


3,127 


1,217 


265, 321 


18, 184 


1,887 




1,655 


373, 103 


55, 367 


1932 


3, 134 


562 


127, 045 


9, 290 


1,147 




2,327 


347, 445 


62, 012 


1933 


3,272 


846 


314,510 


22, 101 


3.093 


55 


2,143 


217 066 


37 079 


1934 


3.504 


947 


293, 303 


20. 307 


2.792 


35 


2,249 


312, 195 


36. 952 



For footnotes, see p. 111. 



STATISTICS OF INCOME 



109 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, by States and Territories, showing for returns xoith net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax^ — Continued 

[Money figures in thousands of dollars) 





Total 
num- 
ber of 
returns ' 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber 5 


Gross 
income ' 


Deficit 



SOUTH CAROLINA 



1925. 
1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 
1934. 



3,924 


2,158 


3,822 


1,768 


3 ''IS 


1,768 


3,817 


1, 710 


3,759 


1,597 


3,626 


1,229 


3,610 


980 


3,404 


511 


3,245 


1,078 


3,322 


1,334 



3S1, 
341, 
404, 
328, 
299, 
147, 
114, 
82, 
224 
263^ 



20, 003 
15,325 
24, 791 
17,816 
16, 161 
6,281 
6,084 
3,448 
15, 727 
14, 109 



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 


2,130 


70 


1,871 


1,940 


26 


1,704 



157,082 
168, 970 
106, 947 
156, 705 
194, 994 
224, 452 
196, 589 
153, 147 
91, 936 
111,456 



SOUTH DAKOTA 



1925. 
1926. 
1927 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 
1934. 



2,838 


1.576 


2,872 


1,354 


3,008 


1,665 


2,954 


1,712 


3,071 


1,085 


3,127 


1,514 


3,132 


1,093 


3,023 


473 


2,876 


509 


2,811 


692 



143, 374 
87, 879 
151, 272 
154,811 
140. 322 
107, 590 
55, 099 
26, 226 
36, 871 
56,905 



5,257 
3,437 
5,230 
6,230 
6,296 
4,846 
2,241 
699 
1,004 
1,735 



426 




1,262 


2,57 




1,518 


387 




704 


394 




677 


395 




816 


294 




998 


118 




1,361 


84 




1,900 


137 


4 


1,734 


239 


10 


1,543 



35, 959 
42, 861 
28,127 
30, 633 
49, 669 
55, 074 
60, 017 
58,561 
42, 343 
40,813 



TENNESSEE 



1925. 
1926. 
1927 
1928 
1929. 
1930 
1931. 
1932. 
1933 
1934. 



4,801 


1 
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 


5,239 


1,968 



1, 014, 708 
1,005,290 
1,039,656 
962, 458 
902, 047 
570, 822 
362, 762 
221, 451 
414,280 
527, 991 



66, 906 
66, 926 
61,403 
65, 893 
59, 533 
33, 117 
22, 969 
12, 997 
24,473 
28,511 



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 


3,371 


96 


3, 179 


3,920 


92 


2,858 



206,591 
285, 705 
256, 920 
268,428 
307, 351 
420, 761 
389, 176 
358, 843 
223, 299 
233, 119 



TEXAS 



1925. 
1026. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 
1934. 



11.245 


6.890 


11.970 


7,2.53 


12, 930 


7,524 


14, 23S 


8,293 


14, 552 


8,156 


15, 431 


6,660 


15. 225 


5,216 


15,154 


2,982 


15, 168 


4,198 


15, 582 


5,343 



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 
1, 389, 776 



206, 658 
199, 525 
142, 338 
173, 980 
189, 132 
97, 054 
45, 981 
40, 858 
57, 596 
92, 504 



24, 862 




4, 3.53 


24, 863 




4,717 


17,051 




4,353 


18, 441 




4,761 


IS, 193 




5,243 


9, 739 




7,362 


4,311 




8,582 


4,713 




10, 653 


7,968 


366 


9,296 


12, 721 


340 


8,649 



494, 545 
473, 996 
567, 896 
786. 169 
685, 770 
934, 254 
1, 098, 435 
812,817 
578, 827 
868, 403 



UTAH 



1925. 
1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 
19.34. 



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 


2,902 


802 



273, 5S7 
264, 983 
279, 069 
290, 146 
288, 739 
199, 849 
100, 564 
29, 847 
98,744 
151,093 



21, 297 
18, 566 
17, 179 
20, 363 
19, 933 
11.323 
5,056 
1,573 
,5, 387 
7,606 



2,432 

2,183 

1,952 

2,004 

1,814 

1,055 

426 

206 

741 

1,043 



1,485 

1,546 

913 

932 

888 

1,173 

1,516 

1,909 

1,688 

1, 5.50 



67, 657 
99, 779 
79, 433 
79, 898 
83, 235 
121, 243 
139, 229 
140, 058 
90, 107 
80, 449 



For footnotes, see p. 111. 



no 



STATISTICS OF INCOME 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, by States and Territories, showing for returns with net income and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax i — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ^ 


Eeturns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber* 


Gross 
income ' 


Deficit 



VERMONT 



1925. 
1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
3932 
1933. 
1934, 



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 


1,244 


404 



140, 853 

145,614 

153, 168 

156,048 

142, 257 

99. 924 

51, 468 

25, 752 

44, 715 

65, 284 



1,218 

1,230 

1,164 

1,038 

963 

491 

155 

158 

308 

551 



380 
397 
348 
342 
357 
492 
693 
899 
826 
767 



32,211 
45, 470 
42, 861 
42, 212 
55,113 
52, 244 
72, 214 
71, 086 
48, 924 
49, 680 



3,470 
4,178 
5,571 
4,598 
9,642 
6,215 
7,792 
10,090 
5, 898 
4,890 



VIRGINIA 



1925. 
1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



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 


6,893 


2,542 



1, 043, 

1, 112, 

1,013, 

1, 024, 

1, 016, 

847, 

631, 

378, 

502, 

641, 



112, 238 
135, 859 
123, 648 
118, 505 
132, 956 
110,675 
76, 746 
36, 692 
43, 882 
54, 682 



13,405 

17, 284 

15, 770 

13. 166 

13, 794 

12,519 

8,662 

4,972 

6,060 

7,519 



113 
99 



2,380 
2,563 
2,137 
2,337 
2,613 
3.185 

3, 661 

4. 765 
4 211 
3,794 



215,217 
202, 865 
267, 002 
245, 296 
294, 173 
370, 505 
375, 118 
360, 176 
266, 697 
230, 031 



38, 640 
17, 389 
22, 531 
18, 790 
22, 535 
44, 414 
50, 870 
62, 779 
62.341 
36, 450 



WASHINGTON 



1925 
1926. 
1927. 
1928 
1929 
1930 
1931 
1932 
1933 
1934 



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 


11,457 


2,903 



1. 023, 

1. 024, 
1,056, 
1, 239, 
1, 153, 

671, 
357, 
166, 
293, 
510, 



63. 839 
63, 301 
62, 700 

75, 391 

76, 230 
31,492 
17, 608 

7,744 
12, 805 
25, 764 



7,122 
7,286 
7,222 
7,419 
6.986 
2,686 
1,397 
954 
1, 768 
3, 537 



55 
100 



4,932 
5,443 
3,748 
3,799 
4,058 
5,306 
6,388 
8,150 
7,206 
6,483 



272, 753 
365, 543 
348, 219 
288, 353 
397,561 
602, 964 
592,111 
499, 153 
401,664 
339, 317 



29,367 
33. 503 
33. 997 
31, 004 
31, 684 
.57, 351 
83, 323 
85, 440 
50,907 
36, 830 



WEST VIRGINIA 



1925. 
1926. 
1927. 
1928. 
1929. 
1930 
1931 
1932 
1933. 
1934 



5,206 


2,843 


5, 142 


3,000 


5,239 


2,928 


5,145 


2,773 


5,173 


2,873 


6,101 


2,477 


4, 953 


1.900 


4,807 


962 


4,554 


1,290 


4,662 


1,726 



723, 

814, 
702, 
656, 
700. 
447, 
228, 
119, 
223, 
430, 



64, 525 
76, 152 
57, 024 
51, 923 
59, 047 
27, 487 
16,445 
7,915 
17, 919 
29,008 



7,633 
9,415 
6,996 
5,445 
5,757 
2,647 
1,586 
1.039 
2,465 
3, 987 



2,362 
2,142 
1, 825 
1,910 
1,843 
2,108 
2.508 
3,344 
2.831 
2,525 



147, 176 
151,149 
173, 152 
170, 774 
162,244 
203, 753 
277, 974 
258, 395 
205, 260 
187,118 



23, 393 
18,900 

23, on 

19, 964 
17, 258 
21, 380 
38, 950 
37, 569 
26. 105 
16,991 



WISCONSIN 



1925. 
1926. 
1927. 
1928 
1929 
1930 
1931. 
1932 
1933 
1934 



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 


15, 910 


4,559 



2, 159, 

2, 268, 

2,232. 

2, 347, 

2, 377. 

1. .589. 

859, 

391, 

718, 

1, 025, 



171, 193 
187, 044 
185,418 
184, 569 
198, 398 
103, 140 

50, 205 
19, 848 
37, 548 

51, 209 



20, 325 

23. 193 

23.118 

20.122 

19. 928 

10, 921 

5, 100 

8 2, 602 

5,201 

7.042 



155 
154 



5,348 


348, 367 


35.078 


5,574 


392,410 


36. 632 


4,172 


437, 508 


39, 756 


4,681 


408, 788 


45, 955 


5, 079 


449, 131 


47, 430 


7,234 


730. 197 


73, 340 


9,067 


904, 477 


109, 487 


1,176 


829, 237 


149, 785 


0,147 


531, 140 


88. 324 


9,177 


614,934 


69.613 



For footnotes, see p. 111. 



STATISTICS OF INCOME 



111 



Table 8 (Table 19, Statistics of Income for 1933). — Corporation returns for 1925 
to 1934, by States and Territories, showing for returns vnth net incorne and no net 
income, number of returns, gross income, net income or deficit, income tax, and 
excess-profits tax ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ' 


Returns showing net income 


Returns showing no net income 


Year 


Num- 
ber 


Gross 
income ^ 


Net Income 
income tax 


Excess- 
profits 
tax* 


Num- 
ber 6 


Gross 
income ' 


Deficit 



WYOMING 



1925. 
1926 
1927. 
1928 
1929 
1930 
1931 
1932. 
1933 
1934. 



1, 151 


789 


1,-118 


776 


1,402 


788 


1,441 


881 


1,468 


798 


1,440 


721 


1,416 


580 


1,495 


246 


1,322 


291 


1,313 


391 



61, 675 
60, 932 
57. 921 
69, 951 
60, 881 
47, 049 
27, 804 
9,859 
14, 800 
29,056 



8.188 
5,233 
4,920 
5.737 
3,976 
3,066 
1,701 
528 
590 
1,413 



884 
534 
492 
457 
262 
203 
91 
59 
79 
194 



662 
642 
413 
364 
450 
492 
634 
1,039 
879 



20,468 
19, 766 
22, 990 
16,529 
20.787 
22, 214 
28,814 
35,317 
25, 870 
24, 769 



3,865 
3,569 
3,856 
2,678 
3,691 
3,991 
4,874 
6,350 
4.715 
5,105 



' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 209-213. 

' Includes returns showinp: no income data — inactive corporations. 

' Gross income corresponds to total income as reported on face of return, plus the "Cost of goods sold" and 
''Cost of other operations." For 1934, interest on Liberty bonds, etc., has been deducted from gross income 
so that gross income will include the same items as in prior years. 

< The excess-profits tax for 1933 became cfTective June 30, 1933, under the tax provisions of the National 
Industrial Recovery Act. Under the provisions of the Revenue Act of 1934, a small amount of excess- 
profits tax for 1934 appears on returns with no net income for income tax purposes, due to the credit for 
interest received on certain obligations of the United States and its instrumentalities, which is allowed 
against net income in the computation of the income tax, not being allowed against net income in the com- 
putation of the excess-profits tax. (See article 1 (d), Treasury Decision 4469, "Regulations relating to excess- 
profits tax imposed by section 702 of the Revenue Act of 1934. "J 

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

« Revised. The revised figures for 1925 apply to Statistics of Income for 1925, table 11, p. 118, "Stock and 
bond brokers", and Table 14, p. 149, "Illinois." For revised figures for 1928, see Statistics of Income for 1930, 
p. 238; for revised figures for 1930, see Statistics of Income for 1931, pp. 32, 33; for revised figuns for 1932, see 
Statistics of Income for 1933, p. 37. 



COMPARABILITY OF THE DATA TABULATED FROM 

CORPORATION RETURNS FOR 1934 AND 1933 AS AFFECTED BY 

THE LIMITATION OF THE PRIVILEGE OF FILING 

CONSOLIDATED RETURNS IN THE 

REVENUE ACT OF 1934 

(SEE TEXT, PAGES 19 TO 29) 



113 



STATISTICS OF INCOME 






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116 



STATISTICS OF INCOME 



§-2 2 



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, taxable income: 

s sales 1. 

s receipts from other op 
est 

s 

t, sale of capital assets.. 
r receipts 

iends from domestic co 


ft 


ns 

ers 

; prop€ 

incomi 
sets... 










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ins: 

of goods sold '_.. 
of other operatic 
pensation of oflici 

paid on business 

est paid 

s paid other than 

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etion_ 

sale of capital as 












ceipts 
Gros 
Gros 
Inter 
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-H^^co•*■•oco^^ooa>p 



STATISTICS OF INCOME 



117 



^ 


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S5S 


SS 


s 


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Ir- ; 




to 


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CO 


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t- ■* 


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las 1 




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s 


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118 



STATISTICS OF INCOME 



'- S-a 



s? 




3 


!~ 


^ ^ 


C 








"S 


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>~ 


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Ss 


c 


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pile 
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fied 
com 
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j,ps, classi 
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rofit after 


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60 




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1933 

mber 

tax, 










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STATISTICS OF INCOME 



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STATISTICS OF INCOME 



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STATISTICS OF INCOME 



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