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STATISTICS OF INCOME 
FOR 1935 

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 1935 



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 : 1938 



For sale by the Superintendent of Documents. Washington. D. C. - • .... ....... Price 20 cent* 



CONTENTS 

Page 
Official transmittal- _. 1-69 

INDIVIDUAL INCOME TAX KETUHNS 

Returns tabulated 1-2 

Definition of net income 2-3 

Tax liability and collections 3 

Geographic distribution 4 

Comparability with previous reports 4 

Number of returns, net income, and tax 4 

Simple and cumulative distribution by net income classes of number of 

returns, net income, and tax 4-5 

Classification by sex and family relationship 6 

Personal exemption and credits against net income 7 

Capital gains and losses 7-8 

Sources of income and deductions 8-9 

Amounts and percentages & 

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

Percentage distribution by net income classes 12 

Frequency distribution of selected sources of income and loss, by net in- 
come classes and by size of each source of income and loss 13-23 

Profit and loss from business, bj' industrial groups, returns with net in- 
come of $5,000 and over 23-25' 

Whollv and partially tax-exempt obligations, returns with net income of 

$5,000 and over 26-29 

Amount owned and interest received by net income classes 27-28 

Returns on Form 1040 with no net income 29 

By deficit classes 29 

Sources of income and deductions, amount 30 

Number of returns by counties, cities, and towns 30 

PARTNERSHIP RETURNS OF INCOME 

Number by years, 1917 through 1935 30-31 

HISTORICAL SUMMARIES, INDIVIDUAL INCOME TAX RETURNS 

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

1913 through 1935 31-32 

Number, by net income classes, 1914 through 1935 32-33 

Net income, by net income classes, 1916 through 1935 34 

Tax, by net income classes, 1916 through 1935 35 

Effective tax rate, by net income classes, 1916 through 1935 36 

Sources of income and deductions, 1916 through 1935: 

All returns 37-39 

Returns with net income of $5,000 and over 39-42 

ESTATE TAX RETURNS 

General explanations 43-45 

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 46-48 

NUMBER OF RETURNS, GROSS ESTATE AND DEDUCTIONS, BY NET 
ESTATE CLASSES, FOR. TAXABLE RETURNS OF 

Table 2. Resident decedents who died prior to May 11, 1934 49-50 

Table 3. Citizen or resident decedents who died in period Mav 11, 1934, 

through August 30, 1935 1 51-53 

Table 4. Citizen or resident decedents who died on or after August 31, 

1935 54-55 

NUMBER OF RETURNS, NET ESTATE AND TAX, BY NET ESTATE 
CLASSES, FOR TAXABLE RETURNS OF 

Table 5. Resident decedents who died prior to May 11, 1934 56-57 

Table 6. Citizen or resident decedents who died in period May 11, 1934, 

through August 30, 1935 58-59 

Table 7. Citizen or resident decedents who died on or after August 31, 1935.. 60-61 

ni 



IV CONTENTS 

Table 8. Taxable and nontaxable returns of citizens or resident decedents, 

by States and Territories. Number of returns, gross estate, Page 
net estate and tax 62-63 

Table 9. Historical summary of returns of resident and nonresident 

decedents filed in period 1916 tlirough 1936 64 

GIFT TAX RETURNS 

General explanations 65-66 

Gift tax returns for 1935, by form of property. Total gifts, amount 

by trust, and all other gifts 66 

Gift tax returns for 1932 through 1935. Total number of returns, 

taxable and nontaxable, total gifts, net gifts, and tax 66 

Gift tax returns of identical donors for 1935 and prior years. 

Number of returns, net gifts and tax 66 

Table 1. Gift tax returns for 1935, by net gift classes. Number of returns, 
total gifts by form of property, exclusions, total gifts after 

exclusions, deductions, net gifts, and tax 67-68 

Table 2. Gift tax returns for 1935, 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 68-69 

BASIC TABLES— INDIVIDUAL INCOME TAX RETURNS 

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

1. By States and Territories 73 

2. By net income classes 74-75 

3. Simple and cumulative distribution, by net income classes 76-78 

4. Sex and family relationship, by States and Territories 79-81 

5. Sex and family relationship, by net income classes 82-84 

6. Sources of income and deductions, by States and Territories 85-87 

7. Sources of income and deductions,, bj' net income classes; also total 

number of returns, and for returns with net income of $5,000 and 
over, number of returns for each specific source of income and 
deduction 88-92 

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

(other than partnerships) by industrial groups, showing number 
of businesses and amount. Returns with net income of $5,000 
and over 93-101 

10. Returns on Form 1040 with no net income. Number and deficit 

by States and Territories 127 

11. Returns on Form 1040 with no net income. Sources of income, 

deductions, and deficit, by deficit classes 127-128 

States and Territories separately (9) : 

9. By net income classes for 1935, with historical summary 1925 

through 1934 102-126 

revenue acts of 1913-1934 and certain tax provisions of the 
national industrial recovery act (1933); also estate tax pro- 
visions under revenue act of 1935— synopsis of individual in- 
come 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 exemption, credit for dependents, and 

normal tax rates, 1913 through 1935 132-135 

Surtax rates, 1913 through 1935 136-137 

Supplemental income and profits tax rates and tax credits, 1917 

through 1935 138-139 

Estate tax: 

Rates, specific exemption, and credits against estate tax, 1916 through 

1935 140-141 

Gift tax: 

Rates, specific exemption, exclusions and deductions, 1924 through 

1935 142 

INCOME TAX FORMS 

Facsimiles of Forms 1040, 1040A, and 1065 for 1935. 143-155 

Index 157-170 



STATISTICS OF INCOME FOR 1935 



PART 1 



INDIVIDUAL INCOME TAX RETURNS, ESTATE TAX RETURNS, AND 
GIFT TAX RETURNS 

Treasury Department, 
Office of Commissioner of Internal Revenue, 

Washington, D. C, September 28, 1938. 
Sir: In accordance with the provision in the Revenue Act of 1916 
and subsequent acts requiring 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 1935, Part 1," prepared from indi- 
vidual income tax returns for 1935 filed during 1936, with a historical 
presentation of the income and of the tax liability reported by indi- 
viduals 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 
1936, irrespective of the date of 'death of the decedent, as well as 
tabulations of data from gift tax returns filed during 1936, with brief 
historical summaries. 

INDIVIDUAL INCOME TAX RETURNS 

RETURNS TABULATED 

Individual income tax returns for 1935 were filed under the pro- 
visions of the Revenue Act of 1934. The major changes made by 
this act afi^ecting individual income taxes are set forth in the synopsis 
of mdividual income tax rates, credits, and exemptions on pages 
132-139. 

The year for which the income is reported is, in general, the calendar 
year ended December 31, 1935. However, a negligible number of 
individual returns is filed for a fiscal year other than the calendar 
year. The returns for a fiscal year ended in the period July, 1935, 
tlu'ough June, 1936, are tabulated with the calendar year returns. 
There are also included part-year returns for which the greater part 
of the accounting period falls in 1935. 

The general tables for individuals include only returns with net 
income. The data tabulated from individual returns with no net 
income are showTi on pages 29-30 and 127-128. Prior to 1928 no 
tabulations were made from individual returns with no net income. 
The filing of returns with no net income or with a net income of less 
than $1,000 is due to (1) the provisions of the Revenue Act of 1921 
and subsequent acts requiring that a return be filed by every individual 
with gross income of $5,000 and over, irrespective of the amount of net 
income or deficit, and by every married couple living together and 
having an aggregate gross income of $5,000 and over; (2) married 
couples electing to file separate returns, as provided by law; (3) 



2 STATISTICS OF INCOME 

returns filed in the case of the death of the taxpayer covering the 
income period to date of death; and (4) part-year returns filed by 
taxpayers electing to change the accoimting period. 

The statistics are taken from returns as filed and prior to any 
revision or adjustment that may subsequently be made as a result of 
audit by the Bureau of Internal Revenue, and include data from 
amended returns showing net income of $100,000 and over, but not 
from tentative returns, or amended returns with net income under 
$100,000. The data from income tax returns filed by individuals 
reporting net income of $5,000 and over are tabulated from each such 
return. Individual returns of net income under $5,000 filed on Form 
1040, which 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 pertaining to individual returns with net income 
under $5,000, excepting those on Form 1040 specified above (which 
numbered approximately 285,000), 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 net income from salaries or wages 
of m.ore than $5,000, or income regardless of amount from business, 
profession, rents, or sale of property; and Form 1040 A for net income 
of not more than $5,000, derived chiefly from salaries and wages. 
All returns, Form 1040, are sent to Washington for administrative 
action and those with net income under $5,000, excepting those re- 
ferred to above, are sampled by the Statistical Section. The returns. 
Form 1040 A, are retained in the collection districts and samples only 
are sent to Washington. 

The sample for 1935 included approximately 252,000 returns on 
Form 1040 and 299,000 on Form 1040A, representing for each collec- 
tion district not less than 10 percent of the number of taxable and 
nontaxable returns, Form 1040 and 1040A, with net income under 
$5,000. The minimum for Form 1040 was 4,000, or 10 percent of the 
number filed, wliichever was larger, and for Form 1040A the mini- 
mum was 2,000, or 10 percent of the number filed, whichever was 
larger. \Mien the number of returns filed in a collection district in 
this class was less than 4,000 in the case of Form 1040 or 2,000 in the 
case of Form 1040A, the entire number filed was tabulated. 

For 1929 and subsequent years the number of returns with net in- 
come 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.) 

DEFINITION OF NET INCOME 

Throughout this report "net income" represents the amount of 
gross income, as defined in the revenue acts effective for the year for 
which the returns are filed, in excess of the deductions claimed by the 
taxpayer under the provisions of the respective acts, and "deficit" 
means excess of deductions over gross income. Credits allowed 



STATISTICS OF INCOME 3 

individuals, such as personal exemption, credit for dependents, and 
credit for earned income, are not included in deductions. 

Net income includes gains and losses from the sales of capital assets 
to the extent required or allowed under the Revenue Act of 1934. 
(See pp. 7-8 for a statement concerning treatment of net capital gains 
and losses.) 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 subtracting from 
the surtax net income the amounts of interest received on Govern- 
ment obligations not wholly exempt from tax, dividends received, 
and earned income credit. 

TAX LIABILITY AND COLLECTIONS 

The amount of tax HabiUty as reported on the returns is not precisely 
comparable with the amount of individual income tax collections dur- 
ing the calendar year in which the returns are filed. 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 may have been subse- 
quently revised as the residt of audit of returns. The revisions may 
result in additional assessments, thereby increasing the tax liability, 
or in certificates of overassessment, representing abatements and 
credits, which reduce the tax liability originally reported. An 
amended return has the same effect as an audit revision. 

2. Income and profits taxes paid to foreign countries or possessions 
of the United States may be taken as a deduction from gross income 
or applied with certain limitations as a credit against the income 
tax payable to the United States. The amount of such taxes taken 
as a credit by individuals 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 
amounts of this credit, which are available only for the years 1925 to 
1930, inclusive, appear on page 9 of the Statistics of Income for 1930. 

3. Individual income taxes paid at the source on tax-free covenant 
bonds are deductible from income taxes payable by individuals but are 
not deducted in arriving at the income tax liability of individual returns 
shown herein. 

4. The amount of tax liability on fiscal year returns may not repre- 
sent taxes collected during the calendar year in which the returns are 
filed. 

5. Tabulations in this report exclude data reported on the individual 
income tax returns, Form 1040C, used by departing aliens, whereas 
collections in the current year include taxes paid by these individuals. 

6. Delays in payment due to financial embarrassment, death, liqui- 
dation of business, or any other cause result in collections of taxes 
after the close of the year in which such taxes are due, and the classi- 
fication of such collections as "back taxes" because made in a subse- 
quent year. For similar reasons, certain amounts are uncollectible. 

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



4 STATISTICS OF INCOME 

GEOGRAPHIC DISTRIBUTION 

Individual income tax returns may be filed in the collection district 
in which the taxpayer resides or in which his principal place of business 
is located. Although the returns are tabulated by the States in which 
they are filed, the data do not represent the geographic distribution of 
the sources of income, as income reported by an individual in one 
State may have been derived from sources in other States. 

COMPARABILITY WITH PREVIOUS REPORTS 

In various sections of this report, attention is directed 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 129-142. 

NUMBER OF RETURNS, NET INCOAIE AND TAX 

The returns of individuals reporting net income for 1935 numbered 
4,575,012, of which 2,110,890 were taxable and 2,464,122 nontaxable. 
Aggregate net income was $14,909,812,025, of which $10,034,105,975 
was reported on taxable returns and $4,875,706,050 on nontaxable 
returns. The total tax liability reported on taxable returns was 
$657,439,343. Tax liabiHty averaged $144 for all returns and $311 
for taxable returns. The effective tax rates were 4.4 percent for all 
returns and 6.6 percent for taxable returns. The number of returns 
reporting a net income was 3.6 percent of the total population (Census 
Bureau estimate of population as of July 1, 1935). 

As compared with returns for 1934, the total number of returns in- 
creased by 480,592, or 11.7 percent, the number of taxable returns 
increased by 314,970, or 17.5 percent, and the number of nontaxable 
returns increased by 165,622, or 7.2 percent. The total net income 
increased $2,113,009,943, or 16.5 percent, the net income on taxable 
returns increased $1,690,547,684, or 20.3 percent, and the net income 
on nontaxable returns increased $422,462,259, or 9.5 percent. The 
tax liability increased $146,039,565, or 28.6 percent. The efiPective 
rates of tax for 1934, which were slightly lower than those for returns 
for 1935, were 4.0 percent for all returns and 6.1 percent for taxable 
returns. 

The distribution of returns of individuals by States and Territories 
is given in the basic table 1, page 73, and by net income classes in basic 
table 2, pages 74-75. Each of these tables shows number of returns, 
net income, tax, personal exemption and credit for dependents. 

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

The distribution of returns by a limited number of net income classes 
is exhibited in the following table, which includes the number of re- 
turns, net income, and tax; also cumulative totals and percentages. 
In basic table 3, pages 76-78, a similar distribution of the number 
of returns, net income, and tax, is shown by a more detailed net income 
classification. 



STATISTICS OF INCOME 5 

Simple and cumulative distribution of individual returns for 1935, by net income 
classes, showing number of returns, net income, tax, and percentages ' 

[Net income classes and money figures in thousands of dollars] 



Not income classes 



Eeturns 



Simple distribution 



Number 



Percent 



Cumulative distri- 
bution from high- 
est income class 



Number 



Percent 



Cumulative distribu- 
tion from lowest 
income class 



Number 



Percent 



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 



299, 594 

1,777,931 

1, 123, 699 

873, 673 

339, 842 

123, 564 

26, 029 

8,033 

1,395 

896 

206 

109 

41 



6.55 

38.86 

24.56 

19.10 

7.43 

2.70 

.57 

.18 

.03 

.02 

.01 

(?) 

(2) 



4, 575, 012 

4, 275, 418 

2, 497, 487 

1, 373, 788 

500, 115 

160, 273 

36, 709 

10. 680 

2,647 

1,252 

356 

150 

41 



100. 00 

93.45 

54.59 

30.03 

10.93 

3.50 

.80 

.23 

.06 

.03 

.01 

(2) 

(2) 



299, 594 

2, 077, 525 

3, 201, 224 
4, 074, 897 

4, 414, 739 
4, 538, 303 
4, 564, 332 
4, 572, 365 
4, 573, 760 
4, 574, 656 
4, 574, 862 
4, 574, 971 
4, 575, 012 



6.55 
45.41 
69.97 
89.07 
96.50 
99.20 
99.77 
99.94 
99.97 
99.99 



100. 00 



4, 575. 012 



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) 


198, 900 

2, 534, 828 
2, 831, 583 

3, 249, 107 
2, 283, 402 
1, 822, 271 

882, 309 
535, 772 
166, 379 
179,911 
77, 907 
73, 811 
73, 630 


1.34 

17.00 

18.99 

21.79 

15.31 

12.22 

5.92 

3.59 

1.12 

1.21 

.52 

.50 

.49 


14, 909, 812 

14,710,912 

12, 176, 085 

9, 344, 501 

6, 095, 394 

3,811,992 

1, 989, 720 

1, 107, 411 

671, 639 

405, 260 

225, 349 

147, 441 

73, 630 


100. 00 

98.66 

81.66 

62.67 

40.88 

25.57 

13.35 

7.43 

3.84 

2.72 

1.51 

.99 

.49 


198, 900 

2, 733, 727 

5,565,311 

8, 814, 418 

11, 097, 820 

12, 920, 092 

13, 802, 401 

14, 338, 173 

14, 504, 552 

14, 684, 463 

14, 762, 371 

14, 836, 182 

14, 909, 812 


1.34 


1-2 (estimated) 


18.34 


2-3 (estimated) 


37.33 


3-5 (estimated) 


59.12 


5-10 


74.43 


10-25 


86.65 


25-50 


92.57 


50-100 . 


96. 16 


100-150 


97.28 


150-300 


98.49 


300-500.. 


99.01 


500-1,000 


99.51 


1,000 and over 


100. 00 






Total.. 


14, 909, 812 


100.00 























Tax 


Net income classes 


Simple dis 


;ribution 


Cumulative distri- 
bution from high- 
est income class 


Cumulative distribu- 
tion from lowest 
income class 




Amount 


Percent 


Amount 


Percent 


Amount 


Percent 


Under 1 (estimated) 


125 

10, 058 

9,311 

20, 738 

48, 728 

103, 754 

106, 670 

112,816 

54, 132 

74, 039 

37, 245 

38, 323 
41, 499 


0.02 
1.53 
1.42 
3.15 

7.41 
15.78 
16.23 
17.16 
8.23 
11.26 
5.67 
5.83 
6.31 


657, 439 
657, 315 
647, 256 
637, 945 
617, 208 
568, 479 
464, 725 
358, 055 
245, 239 
191, 106 
117,068 
79, 823 
41, 499 


100. 00 
99.98 
98.45 
97.03 
93.88 
86.47 
70.69 
54.46 
37.30 
29.07 
17.81 
12.14 
6.31 


125 

10, 183 

19, 494 

40, 232 

88, 960 

192, 714 

299, 385 

412. 201 

466, 333 

540, 372 

577, 617 

615, 940 

657, 439 


.02 


1-2 (estimated) 


1.55 


2-3 (estimated) 


2.97 


3-5 (estimated) 


6.12 


5-10 


13.53 


10-25 


29.31 


25-50 


45.54 


50-100 


62.70 


100-150 


70.93 


150-300 


82.19 


300-500 


87.86 


500-1,000 


93.69 


1,000 and over 


100.00 






Total.. 


657, 439 


100.00 





















' For general explanations, see pp. 1-4. 



' Less than one-hundredth of 1 percent. 



6 STATISTICS OF INCOME 

CLASSIFICATION BY SEX AND FAMILY RELATIONSHIP 

The table presented herewith shows the number of individual re- 
turns ard the net income distributed according to sex and family 
relationship of the taxpayer. In basic tables 4 and 5, pages 79-84, 
similar data are shown by States and Territories and by net income 
classes, respectively. 

This year, the separate returns of husbands and the returns of es- 
tates and trusts are shown for the first time. In prior years, the sep- 
arate returns of husbands w^ere tabulated with the joint returns of 
husbands and wives, the returns of estates were distributed among the 
various groups of returns according to the sex and family relationship 
of the testator or grantor, and the returns for property held in trust 
were distributed according to the sex and family relationship of the 
beneficiarv, if the status of the beneficiary could be determined, or ac- 
cording to the sex and family relationship of the testator or grantor, if 
the status of the beneficiary could not be determined. 

The tabulation of the returns showing community property income 
excludes returns with net income under $5,000 and joint returns of 
husband and wife with net income under $10,000. The returns of 
married persons not show^ing community property income filed in the 
eight community property States are classified according to the status 
reported, as joint returns of husbands and wives or separate returns 
of husbands and wives. In tabulating joint returns showing commun- 
ity property net income of $10,000 and over, with tax liability appor- 
tioned between husband and wife, the items of income and deductions 
are divided to represent two community property returns, the net 
income class for each of the separate returns being one-half of the com- 
bined community income. Separate returns of husbands and wives 
showing community property income of $5,000 and over are classified 
as community property returns by net income classes according to the 
net income on each return. 



Individual returns for 1935, by sex and family relationship of taxpayers, showing 
number of returns, net income, and percentages * 



Family relationship 


Returns 


Net income 


Number 


Percent 


Amount 


Percent 


Joint returns of husbands, wives and dependent children, 
and returns of either husband or wife when no other re- 
turn is filed . 


2, 100, 026 

124, 355 
105, 559 

312, 557 

170, 653 

1, 033, 214 

6C.0, 703 
31, 148 
36, 797 


45.90 

2.72 
2.31 

6.83 

3.73 

22.58 

14.44 

.68 
.81 


Thou, ■fa lids 
of dollars 
7, 656, 773 

1,391,784 
615, 621 

771, 608 

409, 441 

2, 068, 702 

1,415,313 
371,910 
208, 661 


51.35 


Separate returns of husbands and wives: 

Men 2_. 


9.33 


Women 2 


4.13 


Heads of families: 

Sincrle men and married men not living with wives 

Single women and married women not living with hus- 


6.1s 
2.75 


Not heads of families: 

Single men and married men not living with wives 

Single women and married women not living with hus- 
bands .. _ . . . . 


13.88 
9.49 


Community property returns - 


2.49 


Estates and trusts 


1.40 






Grand total 


4,575,012 


100. 00 


14, 909, 812 


100.00 







1 For general explanations, see pp. 1-4. 

' An unequal number of separate returns of husbands and wives results from the use of the sample method 
for returns with net income of under .$5,000, as the net income of one spouse maybe $5,000 or over and that 
of the other spouse under $5,000 (see discussion of s;impl<;, p. 2). 



STATISTICS OF INCOME 7 

PERSONAL EXEMPTION AND CREDITS AGAINST NET INCOME 

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, and interest on Government 
oblio:ations not wholly exempt from tax, together with net income sub- 
ject to normal tax is shown in the following table: 

Net income exempt from and amount subject to normal tax, individual returns for 1935 * 



Distribution 



Amount 
(thousands 
of dollars) 



Percent 



Net income. 

Personal exemption and credits against net income: 

Personal exemption.. 

Credit for dependents 

Earned income credit 

Dividends on stock of domestic corporations 

Taxable interest on partially tax-exempt Government obligations 2 

Total. 

Less: Excess exemption and credits ' 

Net income exempt from normal tax 

Net income subject to normal tax. 



14, 909, 812 



100. 00 



8, 484, 700 

1, 288, 189 

944, 358 

2, 234, 727 

43, 820 



56.91 
8.64 
6.33 

14.99 
.29 



12, 995, 793 
1, 906, 336 



87.16 
12. 7P 



11.089,457 



74.37 



3, 820, 355 



25.63 



' For general explanations, see pp. 1-4. 

2 Interest received on Liberty 4 and 4H percent bonds, LTnited States savings bonds, and Treasury bonds, 
ovrned in excess of $5,000, and on obligations of certain instrumentalities of the United States (see items 9 
and 25, Form 1040, p. 146) reported on returns with net income of $5.0U0 and over. 

' Includes taxable interest received on partially tax-exempt Government obligations reported on returns 
with net income under $5,000. 

CAPITAL GAINS AND LOSSES 

The special provisions m the revenue acts for capital gains and losses 
from the sale of assets held more than two 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, affecting 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 138-139. The "total income" and "net income" for 
individual returns for 1922 through 1933, as presented in the his- 
torical tables in this report, pages 37-42, include "capital net gains," 
w^hereas for the years 1924 through 1933 the "net income" has not 
been reduced by and "deductions" have not been increased by the 
amount of "capital net losses" reported for tax credit. 

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



I 



8 STATISTICS OF INCOME 

The net income reported on the individual income tax returns for 
1934 and 1935 inchides net capital gains and net capital losses com- 
puted in accordance with the above limitations. It is not possible, 
by using the net capital gain and net capital loss on the returns for 
1934 and 1935, to adjust the ''total income," "net income," and 
"deductions" so that they will be comparable with these items tabu- 
lated for prior years. Moreover, net capital gains and losses reported 
on individual income tax returns for 1934 and 1935 are not comparable 
with "profit and loss from sale of real estate, stocks, and bonds, etc.," 
"capital net gain," or "capital net loss" which were reported on 
returns in prior years. 

SOURCES OF INCOME AND DEDUCTIONS 

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 the net amount by which the gross 
receipts exceed the deductions allowed, as reported in the schedules 
of the return (see Form 1040, p. 146), and in aggregate represents the 
sum of the net amounts of income from each source. Net losses 
reported under "income" items on the face of the returns are trans- 
ferred in tabulation to deductions, which also include amounts 
reported on the return under "deductions." 

Income from partnerships and fiduciaries does not include amounts 
received through these entities from dividends on stock of domestic 
corporations or from taxable interest on obligations of the United 
States, since these items are reported under their respective classifi- 
cations. In returns for 1934 and 1935, the income from partnerships 
and fiduciaries includes the net capital gain and loss resulting from 
their 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 Kevenue Act of 
1934, as described in the section of the text entitled "Capital gains 
and losses." 

The items of "interest paid" and "taxes paid" which are reported 
under "deductions" on the individual income tax returns do not 
include amounts reported as business deductions in schedules A and B. 

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 (other than obligations of the United States issued after September 24, 
1917, and originally subscribed for by the taxpayer) the interest upon which is 
wholly exempt from taxation. 

Taxes paid exclude (1) the Federal income tax, (2) estate, inheri- 
tance, 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: 



STATISTICS OF INCOME 



9 



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 you, nor income taxes claimed 
as a credit in item 33. No deduction is allowable for any portion of foreign in- 
come and profits taxes if a credit is claimed in item 33. 

A historical summary of taxes paid for the years 1927 through 1932 
and of interest paid for the years 1928 through 1932 is found in the 
1932 Statistics of Income, table 8A, page 80. 



Sources of income and deductions on individual returns for 1935, 
amounts and percentages ^ 



Sources of income and deductions 



Amount 




(thousands 


Percent 


of dollars) 




9,900,578 


57.1fr 


1, 855, 019 


10.71 


739,822 


4.27 


509, 714 


2.94 


572,060 


3.30' 


2, 234, 727 


12.91 


328,978 


1.90' 


43, 820 


.25- 


900, 501 


5.20' 


231,286 


1.34 


17, 316, 505 


100. 00 


67, 453 


.39 


23.876 


.14 


145. 728 


.84 


503. 730 


2.91 


596, 559 


3.45 


305, 155 


1.76 


764, 191 


4.41 


2, 406, 693 


13.90 


14. 909, 812 


86.10 



Sources of income: 

Salaries, wages, commissions, fees, etc 

Business profit 

Partnership profit ' 

Net capital gain ' 

Rents and royalties 

Dividends on stock of domestic corporations 

Income from fiduciaries ^ 

Taxable interest on partially tax-exempt Government obligations ♦ 

other taxable interest ' - 

other income - 

Totalincome 

Deductions; 

Business loss 

Partnership loss ^ - 

Net capital loss ' 

Interest paid « 

Taxes paid ' 

Contributions.. 

other deductions 

Total deductions 

Net income 



' For general explanations, see pp. 1-4. 

2 See text, p. 8. 

3 For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 7-8, 
and synopsis of laws, pp. 138-139. 

< Interest received on 4 and 4}-4 percent Liberty bonds, United States savings bonds, and Treasury bonds, 
owned in excess of $5,000. and on obligations of certain instrumentalities of the United States (see items 9 
and 25, Form 1040, p. 146) reported on returns with net income of $5, 000 and over. 

' Includes taxable interest received on partially tax-exempt Government obligations reported on returns 
with net income under $5,000. 

' Excludes amounts reported in schedules A and B as business deductions. 

The following table shows, for a limited number 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. 85-92). The following text table and 
basic table 7 also show the total number of returns in each net income 
class and, for returns wdth net income of $5,000 and over, the number 
of returns on which were reported specific sources of income and deduc- 
tions. The table on page 12 shows for a limited number of net income 
classes the percentage distribution of sources of income, deductions, 
and net income. 



10 



STATISTICS OF IXCOME 



Sources of income and deductions, individual returns for 1935, by net income classes; 
also total number of returns, and for returns ivith net income of $5,000 and over, num- 
ber of returns for each specific source of income and deduction ^ 

[Net income classes and money figures in thonsands 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- 



Total 

number 

of 

returns 



4, 074, 897 

339, 842 

123, 504 

26, 029 

8, 033 

1,355 

896 

206 

109 

41 



4, 575, 012 



Sources of income 



Salaries, wages, 

commissions, 

fees, etc. 



Number 

of 
returns 



(■) 

228, 606 

75, 321 

15. 022 

4,646 

807 

523 

102 

57 

22 



8 325, 106 



Amount 



7, 191, 699 

1, 385, 661 

830, 238 

290, 436 

134,072 

31.045 

27, 300 

6,343 

2,218 

905 



9, 900, 578 



Business profit 



Number 

of 
returns 



(■) 

66, 627 

19, 435 

2.851 

667 

73 

50 

7 

3 

1 



9,714 



Amount 



1, 167, 552 

376, 394 

210, 783 

62, 879 

26, 564 

4,840 

4,079 

473 

417 

1,036 



1, 855, 019 



Partnership 
profit 2 



Number 

of 
returns 



(') 

33, 244 

16, 411 

4,204 

1,442 

275 

158 

33 

13 

2 



« 55, 782 



Amount 



208,202 

159, 246 

170, 537 

91,972 

59, 436 

20, 922 

19, 389 

5,929 

3,473 

716 



739, 822 



Net income classes 



Under 5 (estimated) - 

5-10 - 

10-25 - 

25-50 

50-100 --. 

100-150 

150-300 

300-500 

500-1,000... 

1,000 and over 



Total. 



Sources of income — Continued 



Net capital gain ' 



Number 

of 
returns 



(0 

63, 005 

38, 441 

10, 969 

3,846 

712 

454 

108 

60 

22 



e 117, 617 



Amount 



109, 796 
90, 061 

118, 767 
75, 943 
53, 587 
15, 969 
14, 874 
9,182 
12, 734 
8,802 



509, 714 



Rents and royal- 
ties 



Number 

of 
returns 



(•) 

66, 819 

27, 162 

6,023 

1,899 

338 

227 

47 

40 

16 



9 102,571 



Amount 



373, 850 

89, 183 

65, 323 

25, 869 

11,789 

2,512 

2,576 

556 

345 

60 



572, 060 



Dividends on stock 
of domestic cor- 
porations 



Number 

of 
returns 



(') 

184, 427 

93, 657 

23, 218 

7,553 

1,353 

879 

201 

108 

41 



8 311,437 



420, 543 

307, 936 

402,011 

348, 438 

266, 837 

99, 707 

125, 988 

63, 414 

63, 908 

75, 884 



2, 234, 727 



Income from 
fiduciaries ' 



Number 

of 
returns 



(■) 

25, 089 

16. 152 

4,904 

1,735 

296 

180 

53 

33 



8 48, 450 



Amount 



654 
722 
736 
085 
039 
798 
997 
081 
224 
642 



328. 





Sources of income— Continued 


Net income classes 


Taxable interest on 
partially tax- 
exempt Govern- 
ment obligations < 


Other taxable 
interest 


Other 
income ' 


Total 
income 




Number 

of 
returns 


.\mount 


Number 

of 
returns 


Amount 








(») 

11,984 

15, 006 

9, 055 

4,800 

807 

1,212 

158 

170 

28 


(') 

152, 148 

71,870 

18, 491 

6,419 

1,100 

768 

182 

94 

38 


10 452, 479 

157, 976 

156, 232 

72, 005 

30, 731 

9,016 

8,023 

3.080 

2,597 

1,760 


108,052 

38, 326 

35, 063 

19, 659 

13, 388 

4, 282 

4, 643 

3,338 

2,097 

1,839 


10,128,827 


6-10 


18, 776 

14, 432 

4,909 

1, 760 

312 

217 

52 

26 

11 


2,681,491 


1(P05. -. 


2,145,897 


25-50 


1,041,942 


60-100 


632, 243 


100-150.. 


196, 5,')9 


150-300 


213, 140 


300-500 


95,554 


500-1,000. 


89,183 


1,000 and over 


91, 670 






Total 


40,495 


43, 820 


8 251, 170 


900, 501 


231,286 


17,316,505 







For footnotes, see p. 11. 



STATISTICS OF IXCOME 



11 



Soitrces of income and deductions, individual returns for 19S5, by net income classes; 
also total mimher of returns, and for returns with net income of $5,000 and over, num- 
ber of returns for each specific source of income and deduction ^ — Continued 
[Net income classes and money figures 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 



Deductions 



Business loss 



Number 

of 
returns 



(■) 

5,908 

3,531 

1,137 

497 

102 

90 

25 

22 

11 



« 11, 323 



Amount 



33, 740 
9.686 

10,313 
5, 380 
3,440 
1,062 
1,396 
762 
489 
1,186 



67, 453 



Partnership loss ' 



Number 

of 
returns 



3,381 

1,895 

595 

209 

60 

32 

10 



8 6, 186 



Amount 



10, 703 

4,166 

3,723 

3. 466 

1,080 

250 

384 

31 

1 

12 



23, 876 



Net capital loss ' 



Number 

of 
returns 



8 68, 953 



Amount 



76, 747 

32, 423 

24, 445 

7.989 

2,981 

567 

411 

99 

50 

18 



145,728 



Interest paid • 



Number 

of 
returns 



(■) 

176,815 

69, 717 

16, 073 

5,244 

993 

634 

152 

85 

32 



5 269,745 



Amount 



2C2, 999 

99, 129 

74, 171 

32,443 

18,633 

4,801 

4,746 

2,625 

3,328 

858 



503, 730 



Net income classes 



Under 5 (estimated) 

5-10 

10^5 

25-50 

50-100... 

100-150 

150-300 

300-500.. 

500-1,000 

1,000 and over 

Total 



Deductions — Continued 



Taxes paid ' 



Number 
of returns 



(■) 

280, 679 

108, 666 

23, 730 

7,530 

1,311 

859 

195 

100 

40 



8 423, 110 



Amount 



328, 988 

96, 355 

79, 944 

39, 454 

24, 985 

7,916 

8,964 

3,261 

2.995 

3.697 



596, 559 



Contributions 



Number 
of returns 



(■) 

256, 231 

98, 067 

21, 591 

6, 861 

1,222 

805 

184 

95 

37 



8 385, 093 



Amount 



156,975 

45,010 

37, 789 

22.421 

16. 261 

6,022 

7,514 

4,320 

3.790 

4,454 



305, 155 



Other 
deduc- 
tions 5 



444, 198 

110. 720 

93, 241 

48, 481 

29, 090 

9,562 

9,815 

6,549 

4.718 

7.816 



764, 191 



Total 
deduc- 
tions 



1,314,410 

398, 088 

323, 625 

159, 633 

96, 471 

30, 180 

33, 229 

17, 647 

15, 371 

18, 040 



2, 406, 693 



Net in- 
come 



8, 814, 418 

2, 283, 402 

1. 822. 271 

882, 309 

535, 772 

160, 37S 

179, 911 

77, 907 

73,811 

73.630 



14, 909, 812 



' For general explanations, see pp. 1-4. 
2 See text, p. 8. 

' For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 7-8, 
and sjTiopsis of laws, pp. 138-139. 

* Interest received on Liberty 4 and 4J.4 percent bonds. United State-s savings bonds, and Treasury bends, 
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. 146.) 

' 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 sub- 
tracting the sum of specific deductions from total deductions. 

8 Excludes amounts reported in schedules A and B as business deductions. 

' Not available. 

* Excludes returns with net income under $5,000. 

' Taxable interest received on partially tax-exempt Government obligations reported on returns with net 
income under $5,000 is tabulated with "other taxable interest." 

'» Includes taxable interest received on partially tax-exempt Government obligations reported on returns 
with net income under $5,000. 



12 



STATISTICS OF INCOME 



Percentage distribution of sources of income, deductions, and net income, individual 
returns for 1935, by net income classes ' 





Sources of income 


Net income classes 
(Thousands of dollars) 


Salaries, 
wages, 

commis- 
sions, 

fees, etc. 


Business 
profit 


Partner- 
ship 
profit ' 


Net cap- 
ital gain 3 


Rents 

and 

royalties 


Divi- 
dends on 
stock of 
domestic 
corpora- 
tions 


Income 
from 
fidu- 
ciaries 3 


Under 5 (estimated) 


71.00 

51.68 

38.69 

27.87 

21.21 

16.10 

12.84 

6.64 

2.49 

.99 


11.53 

14.04 

9.82 

6.03 

4.20 

2.46 

1.91 

.50 

.47 

1.13 


2.06 
5.94 
7.95 
8.83 
9.40 
10.64 
9.10 
6.20 
3.89 
.78 


1.08 
3.36 
5.53 
7.29 
8.48 
8.12 
6.98 
9.61 
14.28 
9.60 


3.69 

3.32 

3.05 

2.48 

1.86 

1.28 

1.21 

.58 

.39 

.06 


4.15 
11.48 
21.53 
33.44 
42.20 
50 76 
59.11 
66.36 
71.66 
82.78 


0.95 


5-10 


2.41 


10-25 - 


3.76 


25-50 


4.33 


50-100 - 


3.96 


100-150 


3.46 


150-300 - 


2.34 


300-500 


3.23 


500-1,000 


1.37 


1,000 and over. 


.70 






Total 


57.18 


10.71 


4.27 


2.94 


3.30 


12.91 


1.90 








Sour 


cesofincoi 


ne— Continued 


Deductions 


Net income classes 
(Thousands of dollars) 


Taxable 
interest 
on par- 
tially 
tax-ex- 
empt 
Govern- 
ment 
obliga- 
tions * 


Other 
taxable 
interest 


Other 
income 


Total 
income 


Business 
loss 


Partner- 
ship 
loss' 


Net cap- 
ital loss ' 


Under 5 (estimated) . . 


(«) 
0.45 
.73 
.87 
.76 
.41 
.57 
.17 
.19 
.03 


M.47 
5.89 
7.28 
6.97 
r-,. 81 
4.59 
3.76 
3.22 
2.91 
1.92 


1.07 
1.43 
1.66 
1.89 
2.12 
2.18 
2.18 
3.49 
2.35 
2.01 


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


0.33 
.36 

.48 
.52 
.55 
.54 
.65 
.80 
.55 
1.29 


0.11 
.16 
.17 
.33 
.17 
.13 
.18 
.03 


0.76 




1.20 


10-25 - -- 


1.13 


25-50 - - 


.77 


50-100 --- 


.47 


100-150 


.29 


150-300 


.19 


300-500 -. 


.10 


500-1,000 


.06 


1,000 and over 


.01 


.02 






Total - 


.25 


5.20 


1.34 


100. 00 


.39 


.14 


.84 






Net income classes 
(Thousands of dollars) 




Deductions— Coi 


itinued 






Interest 
paid » 


Taxes 
paid « 


Contri- 
butions 


Other 
deduc- 
tions 


Total 
deduc- 
tions 


Net 
income 


Under 5 (estimated) . . . 


2.60 
3.70 
3.46 
3.11 
2.95 
2.44 
2.23 
2.75 
3.73 
.94 


3.25 
3.59 
3.73 
3.79 
3.95 
4.03 
4.21 
3.41 
3.36 
4.03 


1.55 
1.70 
1.76 
2.15 
2.57 
3.06 
3.53 
4.52 
4.25 
4.86 


4.38 
4.13 
4.35 
4.65 
4.60 
4.86 
4.60 
6.86 
5.29 
8.53 


12.98 
14.84 
15.08 
15.32 
15.26 
15.35 
15.59 
18.47 
17.24 
19.68 


87.02 


5-10 


85.15 


10-25 


84.92 


25-50 


84.68 


50-100 


84.74 


100-150 


84.65 


150-300 ...^ 


84.41 


300-500 


81.53 


500-1,000 


82.76 


1,000 and over 


80.32 


Total 


2.91 


3.45 


1.76 


4.41 


13.90 


86.10 



1 For general explanations, see pp. 1-4. 2 see text p. 8. 

» For explanation of changes in 1934 Act affecting net capital gain and loss, see text, pp. 7-8, and synopsis 
of laws, pp. 138-139. 

* Interest received on Liberty 4 and 4M percent bonds. United States savings 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. 146.) 

' Excludes amounts reported in schedules A and B as business deductions. 

' Taxable interest received on partially tax-exempt Government obligations reported on returns with net 
income under $5,000 is tabulated with "other taxable interest." 

' Includes taxable interest on partially ta.x-exempt Government obligations reported on returns with net 
Income under $5,000. 



STATISTICS OF INCOME 



13 



FREQUENCY DISTRIBUTION OF SELECTED SOURCES OF INCOME AND LOSS BY NET 
INCOME CLASSES AND BY SIZE OF EACH SOURCE OF INCOME AND LOSS 

For returns with net income of $5,000 and over, there is shown in 
the following table the frequency distribution of selected sources of 
income and loss by net income classes and by size of each source of 
income and loss. 

Sources of income not included in this tabulation are partnership, 
fiduciary, interest, and other income. The total income received 
through partnerships and fiduciaries cannot be shown in this table as 
such income maj not be fully included under these items in the 
individual income tax returns. The instructions on the return 
Form 1040 provide as follows: 

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, etc., shall be included in schedule D, and (b) profits which consisted of 
divdends on stock of domestic corporations which are subject to income tax shall 
be included in item 10 (a) on the return. 

Individual income tax returns for 1935, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over 

SALARIES AND WAGES 

[Net income classes and salary and wage classes in thousands of dollars] 



Net Income 






Salary and 


svage classes 






classes 


Aggi-egate 


Under 0.1 


0.1-0.2 


0.2-0.3 


0.3-0.4 


0.4-0.5 


0.5-1 


1-2 


6-6 


91, 687 

57, 132 

36, 483 

24,827 

18, 477 

46, 787 

18, 753 

9,781 

5,673 

6,208 

3,141 

1,897 

1,094 

760 

536 

359 

807 

315 

129 

79 

70 

32 

40 

17 

22 


751 

521 

364 

284 

210 

677 

290 

180 

91 

137 

68 

41 

18 

24 

14 

11 

20 

15 

5 

3 

1 

1 


571 

397 

281 

205 

144 

468 

217 

120 

89 

96 

40 

34 

13 

16 

8 

10 

21 

5 

5 

2 

2 


418 

305 

226 

132 

132 

325 

159 

96 

50 

71 

48 

26 

14 

12 

6 

2 

16 

9 

1 


391 

259 

175 

140 

93 

302 

137 

71 

40 

47 

24 

17 

9 

8 

5 


317 

216 

129 

108 

74 

217 

106 

52 

31 

49 

18 

12 

8 

9 

5 

2 

7 

6 

1 

1 

1 


1,594 

1,033 

637 

495 

377 

875 

389 

253 

144 

150 

91 

57 

31 

29 

19 

14 

30 

11 

9 

3 

4 

1 

5 

1 

1 


3,453 
2,182 
1 346 


6-7 


7-8 


8-9 - 


890 


9-10 


647 


10-15 


1,631 
679 


15-20 


20-25. 


293 


25-30 


194 


30^0 


210 


40-50. 


107 


50-60 


83 


60-70 


37 


70-80 . 


32 


80-90 


22 


90-100 


12 


100-150 


6 

1 
3 


43 


150-200 


17 


200-250... . 


7 


250-300 


4 


300-400 




2 

1 


3 


400-500 




1 


500-750 




1 




2 


750-1,000 










1 


1,000 and over 


1 


3 








2 












Total 


325, 106 


3,727 


2,747 


2,049 


1,731 


1,369 


6,253 


11, 898 







78020—38 



14 



STATISTICS OF INCOME 



Indi'ddual income tax returns for J 935, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

SALARIES AND WAGES— Continued 

[Net income classes and salary and wage classes in thousands of dollars] 



Net income classes 






Salary 


jnd wage classes— Continued 






2-3 


3-4 


4-5 


5-10 


10-15 


15-20 


20-25 


25-30 


5-6 


4,109 

2,383 

1,379 

866 

598 

1,607 

542 

316 

165 

178 

95 

54 

31 

27 

20 

12 

18 

7 

4 

1 

3 


5,708 

2,945 

1,526 

996 

684 

1,583 

600 

303 

147 

161 

71 

38 

31 

14 

7 

4 

16 

3 

1 

1 

1 


9,849 

3,648 

1,830 

1,070 

683 

1,494 

490 

214 

127 

107 

62 

35 

22 

16 

6 

8 

12 

4 


63, 637 

42, 062 

26, 805 

16, 418 

8,763 

10, 598 

2,810 

1,256 

641 

728 

302 

169 

109 

56 

40 

27 

55 

20 

10 

7 

5 

6 

2 

5 

1 


726 

1,019 

1,608 

2.989 

5,795 

22, 630 

3,931 

1,383 

694 

656 

326 

164 

106 

63 

43 

28 

50 

23 

11 

7 

5 


102 

109 

118 

164 

194 

3,825 

6,418 

1,796 

711 

645 

246 

147 

84 

42 

45 

16 

50 

16 

5 

3 

7 

2 

4 

1 

2 


28 
26 
32 
44 

49 

358 

1,636 

2,439 

839 

626 

244 

139 

89 

48 

27 

29 

48 

16 

5 

3 

2 

1 

1 


10 


6-7 


12 


7-8 . 


7 


8-9 


12 


9-10 


22 


10-15 


110 


15-20 - 


218 


20-25 


797 


25-30 


1,124 


30^0 - 


671 


40-50.- 


270 


50-60 


129 


60-70 


68 


70-80 


35 


80-90 


31 


90-100 


21 


100-150 — 


41 


150-200 — 


8 


200-250 — 


6 


250-300 


1 
1 
1 


2 


30O-400 


1 


400-500 




600-750 


2 




7 

1 


2 






1 


1 


1,000 and over 


1 






1 












Total 


12, 418 


14,840 


19,681 


174, 532 


42, 265 


14, 752 


6,729 


3,599 







Net income classes 



30-40 



5-6 

6-7 .- 

7-8 

8-9. 

9-10 - 

10-15 

15-20 

20-25. 

25-30 

30^0 

40-50 

50-60 

60-7C. 

70-80 

80-90 

90-100 

100-150 

1.50-200 

200-250. 

2.50-300 

300-400 

400-500 

500-750.. 

750-1,000 

1,000 and over 

Total... 



12 

7 

14 

7 

5 

49 

85 

153 

515 

1,317 

420 

212 

89 

76 

44 

30 

73 

23 

5 

4 

3 

2 

2 

3 

2 



3,152 



4 

4 

3 

4 

3 

22 

29 

33 

43 

278 

.508 

199 

76 

60 

30 

26 

49 

16 

4 

3 

2 

1 

4 



1,401 



6 

4 

3 

2 

4 

6 

14 

14 

19 

71 

183 

327 

231 

140 

84 

40 

95 

33 

15 

9 



75-100 



100-250 



280 



250-500 



500-1,000 



STATISTICS OF IITCOME 



15 



Individual income tax returns for 1935, showing the frequency, by size, vnth which 
selected soiirces of income and loss appear in net income classes of $5,000 and 
over — Continued 

BUSINESS PROFIT 
[Net income classes and bnsiness profit classes in thousar.de of dollars] 





Business profit classes 


Xet income classes 


Aggre- 
gate 


Under 
0.1 


0.1-0.2 


0.2-0.3 


0.3-0.4 


0.4-0.5 


0.5-1 


1-2 


5-6 


26. 430 

16. 766 

10. 788 

7,364 

5.279 

12, 712 

4.548 

2.175 

1,177 

1,121 

553 

275 

161 

116 

69 

46 

73 

28 

13 

9 

2 

5 

2 

1 

1 


354 

227 

126 

98 

76 

179 

73 

27 

25 

22 

9 

1 

4 

3 

1 

1 

4 


317 

183 

134 

80 

46 

141 

58 

30 

14 

18 

12 

3 

1 

1 

1 


268 

191 

127 

74 

64 

132 

43 

25 

8 

16 

8 

3 


217 

142 

101 

59 

50 

131 

4S 

20 

19 

8 

2 

3 

4 


205 

120 

64 

63 

45 

93 

39 

17 

7 

7 

5 

3 


917 

578 

357 

215 

151 

363 

157 

63 

30 

29 

26 

8 

5 

5 

1 

2 

1 

3 


1 535 


6-7 


934 


7-8 


552 


8-9 


340 


9-10 


276 


10-15 


528 


15-20 


187 


20-25 


94 


25-30 


45 


30-40 


53 


40-50 


15 


50-60 


10 


60-70 


3 


70-80 . . 


1 
2 

\ 


1 
4 
2 


6 


80-90 




5 


•90-100 


1 


2 


100-150.. 


3 


3 


150-200 


1 




3 


200-250 










3 


250-300 












1 




300-400 












1 


400-500 


1 


1 






2 






500-700. 










750-1000 
















1.000 and over 
































Total 


89, 714 


1,231 


1,043 


967 


806 


677 


2,912 


4,595 




Net income classes 


2-3 


3-4 


4-5 


5-10 


10-15 


15-20 


20-25 


25-30 


5-6 


1,678 

865 

506 

291 

194 

444 

137 

70 

32 

33 

16 

7 

2 

3 

1 

2 

2 


1,997 

969 

495 

280 

190 

396 

106 

66 

24 

24 

18 

6 

2 

3 


3,024 

941 

578 

296 

207 

402 

100 

54 

19 

26 

8 

4 


15, 636 

11,305 

7.301 

4.851 

2.745 

2,737 

558 

189 

93 

78 

31 

11 

8 

11 

6 


219 

246 

370 

640 

1,106 

6,223 

853 

209 

91 

62 

27 

10 

7 

4 


32 

30 

53 

51 

50 

802 

1,796 

352 

106 

75 

36 

16 

11 

4 

3 

2 


9 

17 

6 

15 

13 

84 

317 

760 

168 

S3 

29 

16 

9 

2 

2 

3 

1 

1 


10 


6-7 


3 


7-8 


4 


8-9 


2 


9-10 


1 


10-15 


27 


15-20 


37 


20-25. . . 


155 


-25-30 


370 


30-40. 


126 


40-50 


21 


50-60 


14 


•60-70 


1 


70-80 


2 


1 


80-90 


3 


90-100 






3 
3 
2 

1 
1 


1 


100-150 


2 




5 
4 
1 
1 
1 


2 


150-200.... 






2 


200-250 






1 




1 


■250-300 






1 






300-400 












400-500 
















500-750 








1 










750-1,000.. 
















1.000 and over 




































Total_ 


4,283 


4,578 


5,662 


45, 573 


10, 137 


3,420 


1,535 


781 



16 



STATISTICS OF INCOME 



Individual income tax returns for 1935, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

BUSINESS PROFIT— Continued 

[Net income classes and business profit classes in thousands of dollars] 





Business profit classes— Continued 


Net income classes 


30-40 


40-50 


50-75 


75-100 


100-250 


250-500 


500-1,000 


1,000 and 
over 


5-6 


8 
9 
5 
1 
2 

19 

31 

31 

115 

393 

95 

25 

16 

5 

5 

1 

2 


2 

2 

2 

4 

2 

5 

3 

7 

9 

48 

155 

38 

11 

6 

1 

1 

1 

1 


1 

1 

3 

2 

1 

2 

4 

4 

1 

17 

36 

92 

74 

34 

9 

10 

4 


1 
1 
2 










6-7 


2 
2 
2 








7-8 








8-9 








9-10 










10-15 


1 

1 

2 

1 

2 

2 

5 

2 

24 

23 

10 

9 


3 








15-20 








20-25 










25-30 










30-40 


1 
2 








40-50 








50-60 








60-70 


1 








70-80 








80-90 


2 
4 
27 
11 
5 
1 








90-100 








100-150 








150-200 








200-250 






1 








250-300 






1 


3 






300-400 - 












400-500 












1 






500-750 






1 










750-1,000 










1 






1,000 and over 















1 




















Total 


763 


298 


297 


87 


63 


5 




1 









BUSINESS LOSS 
[Net income classes and business loss classes in thousands of dollars] 











Business loss classes 








Net income classes 


Aggre- 
gate 


Under 
0.1 


0.1-0.2 


0.2-0.3 


0.3-0.4 


0.4-0.6 


0.5-1 


1-2 


6-6 


2,129 

1,386 

1,029 

755 

609 

1,9-15 

983 

603 

374 

477 

286 

192 

111 

87 

66 

41 

102 

54 

22 

14 

13 

12 

11 

11 

11 


218 

134 

98 

51 

45 

122 

48 

21 

21 

14 

6 

6 

5 

1 


211 

134 

84 

52 

48 

113 

51 

19 

10 

18 

6 

7 

1 

3 

3 


167 

102 

74 

48 

31 

97 

45 

23 

13 

16 

7 

5 

1 

3 


153 

107 

50 

53 

31 

77 

48 

14 

19 

18 

5 

4 

5 

4 

3 


112 

72 

46 

39 

27 

102 

39 

25 

12 

19 

5 

6 

3 


456 

264 

201 

156 

135 

358 

150 

91 

60 

57 

40 

20 

13 

6 

4 

3 

7 

2 


396 


6-7 - 


254 


7-8 


204 


8-9 


177 


9-10 


109 


10-15 


435 


15-20 


193 


20-25 . 


109 


25-30 


58 


30-40 


82 


40-50. 


50 


50-60- 


24 


60-70 


13 


70-80 


11 


80-90 




7 


90-100 


i 

3 




2 

1 


5 


100-150 


3 
2 




2 


9 


150-200 


1 


6 


200-250 








2 


250-300 












i 


1 


300-400 


1 












400-500 














500-750 
















750-1 ,000 














1 


1,000 and over 
































Total 


11,323 


795 


764 


633 


593 


610 


2,024 


2,146 



STATISTICS OF INCOME 



17 



Individual income fax returns for 1935, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

BUSINESS LOSS— Continued 



[Net income classes and business loss classes 


in tliousands of dollars] 






Business loss classes— Continued 




2-3 


3-4 


4-5 


5-10 


10-15 


15-20 


20-25 


25-30 


5-6 


173 
132 

98 

65 

66 

212 

104 

87 

61 

58 

32 

28 

15 

7 

8 

4 

7 

5 


80 

75 

67 

41 

2! 

133 

96 

50 

30 

44 

22 

12 

8 

8 

4 

7 

10 

4 


52 

26 

35 

27 

27 

79 

53 

34 

18 

36 

15 

19 

9 

8 

5 

1 

9 

3 

2 


76 

70 

49 

36 

45 

127 

100 

80 

39 

67 

54 

35 

19 

16 

19 

7 

18 

11 

5 

4 

4 

4 


22 

12 

13 

8 

9 

54 

27 

21 

15 

20 

17 

17 

30 

8 

6 

3 

13 

5 

2 

1 


9 


3 

1 
3 
1 
1 
8 
5 
8 
3 
8 
7 




6-7 


1 


7-8 


2 

1 

2 

15 

13 

13 

5 

9 

13 

4 

3 

4 

5 

1 

5 
1 
1 
2 
1 
1 


1 


8-9 




9-10 - 


1 


10-15 


2 


15-20 


4 


20-25 


6 


25-30 


3 


30-40 


1 


40-50 


4 


50-00 


2 


60-70 


2 
6 




70-80 




80-90 


1 


90-10D-- 


1 
3 
4 
4 
1 
1 
1 
2 
2 


3 


100-150 


4 


150-200 


1 


200-250 


2 


250-300 


1 




1 


300-400 






2 


400-500 


1 
3 


2 
1 
1 




1 

1 
2 

1 




500-750 










3 
2 








1 


















Total 


1,167 


723 


459 


890 


288 


117 


75 


38 






Net income classes 


30-40 


40-50 


50-75 


75-100 


100-250 


250-500 


500-1,000 


1,000 and 
over 


5-6 




1 
1 
2 














6-7 


1 
2 














7-8 














8-9 














9-10 


1 
4 
4 
1 
3 
6 
4 


1 
2 

1 
2 
1 


2 
1 

2 












10-15 


2 


2 








15-20 








20-25 












25-30 


2 
3 


1 










30-40 


1 








40-50 












50-60 


1 
3 
1 




1 


1 








60-70 






1 






70-80 




1 










80-90 




1 










90-100 


1 
3 
2 
2 
1 
1 


1 
1 
2 












100-150 


2 
1 
1 
1 




1 








150-200 










200-250 




1 








250-300 




1 








300-400 


1 


1 








400-500 


1 
2 




1 






500-750 




1 
1 
1 










750-1,000 




1 










1,000 and over 


1 


2 


2 




1 










Total .- .. 


37 


24 


21 


7 


9 


2 


1 









18 



STATISTICS OF INCOME 



Individual income lax returns for 19S5, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

NET CAPITAL GAIN 

[Net income classes and net capital gain classes in thousands of dollars] 





Net capital gain classes 


Net income classes 


Aggre- 
gate 


Under 
0.1 


0.1-0.2 


0.2-0.3 


0.3-0.4 


0.4-0.5 


0.6-1 


1-2 


6-6 


20, 351 

15,412 

11,342 

8,839 

7,081 

21,573 

10, 672 

6,196 

3,921 

4,524 

2,524 

1,541 

885 

656 

465 

299 

712 

258 

121 

75 

67 

41 

43 

17 

22 


3,750 

2,065 

1,809 

1,300 

987 

2,601 

1,179 

578 

352 

340 

184 

100 

60 

41 

23 

17 

40 

14 

3 

3 

1 

2 

3 

1 


2,324 

l,6b0 

1,090 

839 

647 

1,865 

702 

374 

224 

212 

118 

60 

33 

23 

21 

14 

28 

8 

3 

1 

1 

1 

1 


1,744 

1,177 

837 

644 

463 

1,308 

570 

315 

172 

169 

84 

53 

26 

18 

11 

14 

14 

8 

2 

1 

1 

1 


1,400 

942 

664 

477 

368 

999 

471 

244 

140 

130 

77 

44 

21 

19 

7 

5 

10 
5 
6 


1,120 

754 

542 

437 

290 

892 

389 

198 

130 

113 

69 

36 

22 

11 

13 

4 

21 

6 


3,321 

2,533 

1,746 

1,369 

1,002 

3,003 

1,397 

703 

449 

486 

240 

141 

74 

41 

34 

23 

47 

19 

14 

6 

5 

1 

1 


2,983 

2, 365 

1,797 

1,355 

1,131 

3,20] 

1,535 

858 

527 

566 

281 

164 

76 

72 


6-7 


7 S 


8-9 


9-10 


10-15 


15-20 .... 


20-25 


25-30 


30-40 


40-50 


50-60 


60-70 


70-80 


80-90 


41 
32 
62^ 


90-100 


100-150 


150-200 


21 


200-250 




250-300 


8 


300-400 




2 

1 
1 


4 


400-500 


1 
1 
1 


3 


500-760 


1 


750-1,000 




1 


1,000 and over 




1 






2 
















Total 


117,617 


16, 113 


10, 269 


7,633 


6,032 


5,057 


16, 705 


17,093 




Net income classes 


2-3 


3-4 


4-5 


6-10 


10-15 


15-20 


20-25 


25-30 


5-6 


1,467 

1,193 

910 

738 

036 

1,852 

869 

511 

316 

356 

193 

123 

56 

38 

31 

18 

38 

17 

8 

6 

3 


853 

754 

591 

478 

405 

1,284 

603 

349 

228 

264 

141 

79 

45 

38 

18 

14 

30 

5 

S 

2 

2 

1 

2 


590 

472 

443 

347 

268 

894 

443 

300 

182 

182 

116 

83 

29 

32 

22 

8 

32 

4 
3 
4 
3 


755 
829 
829 
791 
774 
2, 495 
1,279 

460 

629 

341 

186 

106 

79 

56 

35 

98 

31 

10 

5 

5 

2 

2 

3 

1 


27 

34 

50 

51 

60 

958 

731 

415 

280 

344 

162 

104 

69 

42 

31 

15 

46 

17 

7 

4 

5 

2 

4 


12 

7 

16 

12 

18 

107 

419 

261 

180 

206 

110 

60 

55 

29 

27 

13 

28 

14 

5 


4 
3 

5 

3 

24 

51 

202 

124 

183 

120 

51 

25 

32 

14 

10 

26 

12 

5 

3 

3 

2 

2 




6-7. 


3 


7-8 


4 


8-9 


2 


&-10-. 

10-15 

15-20 


1 
13 
12 


20-25 


26 


25-30 


128 


30-40 


133 


40-50 


74 


50-60 


42 


60-70 

70-80 

80-90 


40 
23 
18 


90-100 


7 


100-150 


22 


150-200 .. 


3 


200-250 

250-300 


4 

1 


300-400 


1 
3 
1 


1 


400-500 


1 


500-750 


1 


3 


750-1,000 




1 


1,000 and over 


1 






2 


1 
















Total.. 


9,387 


6,194 


4, 464 


10, 578 


3,460 


1,685 


911 


562 



STATISTICS OF INCOME 



19 



Individual income tax returns for 1935, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

NET CAPITAL GAIN— Continued 



[Net 


income classes and r 


ot capital 


l&in classes in thousands of dollars] 






Net capital gain classes— Continued 


Net income classes 


30-40 


40-50 


50-75 


75-100 


100-250 


250-500 


500-1,000 


1,000 and 
over 


5-6 


















6-7 


1 














7-8 
















8-9 


1 

4 

6 

16 

13 

12 

163 

120 

82 

54 

30 

25 

7 

25 

13 

4 

7 


1 

3 

3 

6 

4 

4 

16 

15 

62 

55 

49 

42 

28 

47 

11 

11 

3 

4 

2 

2 












9-10 . 












10-15 . 


1 










15-20 










20-25 


27 

76 

64 

33 

23 

15 

15 

24 

10 

6 

2 

4 




1 








2.5-30 




1 


1 




30-40 


1 

1 

3 

2 

12 

16 

16 

36 

16 

2 

2 

4 

1 

1 


4 
2 
4 
2 
4 




40-50 








50-60 








60-70 


2 






70-80 






80-90 








90-100 


4 

38 

21 

12 

15 

10 

5 

3 

2 

5 








100-150 








150-200 








200-250 








250-300 


3 

7 
7 
3 
1 
1 






300-400... 






400-500 


2 
1 
2 






500-750 


1 


9 
5 
3 








1,000 and over 


1 




1 


3 










Total... 


588 


325 


368 


115 


132 


25 


18 


3 







NET CAPITAL LOSS 
[Net income classes and net capital loss classes in thousands of dollars] 









Net capital loss classes 








Aggregate 


Under 0.1 


0. 1-0. 2 


0. 2-0. 3 


0. 3-0. 4 


0. 4-0. 5 


5-1 


1-2 


5-6 


12, 054 

9.047 

6,591 

5,234 

4,295 

12. 801 

6.232 

3,463 

2.266 

2,598 

1,416 

851 

548 

346 

243 

169 

414 

161 

77 

42 

40 

24 

22 

8 

11 


1,873 

1,372 

909 

699 

543 

1,458 

634 

359 

208 

237 

112 

79 

28 

28 

18 

32 
13 
2 
2 
3 
1 


1.483 

988 

614 

503 

350 

1,014 

421 

207 

185 

113 

91 

32 

29 

17 

12 

11 

26 

2 

5 

3 


1, 026 

712 

585 

405 

317 

859 

372 

180 

100 

129 

55 

34 

23 

10 

3 

10 

11 

6 

3 

2 

1 

1 


845 

622 

412 

294 

244 

697 

309 

147 

94 

93 

54 

36 

31 

11 

11 

5 

13 
2 
2 


660 

482 

362 

274 

206 

617 

299 

146 

80 

83 

57 

29 

10 

7 

4 

3 

3 

3 

1 

1 

1 


2,192 

1,694 

1,125 

929 

759 

2,126 

985 

498 

322 

315 

177 

88 

59 

38 

20 

20 

52 

24 

4 

2 

2 

2 

1 

1 


1,952 


6-7 . 


1,497 


7-8 


1,155 


8-9 


944 


9-10 


806 


10-15 


2,518 


15-20...- 

20-25 . 


1,168 
638 


25-30 


462 


30-40 


556 


40-50 


283 


50-60 


177 


60-70 


94 


70-80 


72 


80-90 


50 


90-100. 


30 


100-150 . . 


72 


150-200 


24 


200-250 


15 


250-300 


9 


300^00 


3 
1 


2 


400-500 


1 
1 


2 


500-750 


1 


4 


750-1,000 






1 
1 


1 


1,000 and over 








1 


2 














Total 


68, 953 


8,617 


6,058 


4,844 


3,928 


3,330 


11, 435 


12, 533 







20 



STATISTICS OF INCOME 



Individual income tax returns for 1935, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

NET CAPITAL LOSS— Continued 

[Net income classes and net capital loss classes in thousands of dollars] 



Net income classes 


Net capital loss classes— Con. 


Net income classes 


Net capital loss classes- 


-Con. 


2-3 


3-4 


4 


2-3 


3-4 


4 


5-6 


1,986 

1,648 

1,406 

1,160 

1,058 

3,454 

2.007 

1,275 

855 

1,063 

576 

370 

266 

163 


26 

21 

15 

17 

10 

40 

21 

9 

5 

4 

8 

2 

2 


11 
11 
8 
9 
2 
18 
16 
4 
5 
5 
3 
4 


80-90 


123 
83 

205 
86 
45 
23 
28 
16 
15 
5 
7 


1 




1 


6-7 


90-100-. 




7-8 


100-150 -- 






8-9 


150-200 


1 




9-10 


200-250 




10-15... 


250-300 






15-20 


300-400 






20-25... 


400-500 






25-30... 


500-750 






30-40 


750-1,000 






40-50 


1,000 and over 

Total 






50-60 






60-70 


17. 923 


182 




103 


70-80 













1 I 



RENTS AND ROYALTIES 
[Net income classes and rent and royalty classes in thousands of dollars] 



Net income classes 


Rent and royalty classes 


Aggregate 


Under 0.1 


0.1-0.2 


0.2-0.3 


0.3-0.4 


0.4-0.5 


0.5-1 


1-2 


5-6 


25, 022 

16, 737 

11,067 

7, 928 

6,065 

16, 425 

6,957 

3,780 

2,282 

2,437 

1,304 

795 

465 

293 

207 

139 

338 

122 

68 

37 

26 

21 

24 

16 

16 


4,594 

3,041 

1,988 

1,382 

1,081 

2,063 

1,040 

569 

297 

341 

174 

106 

67 

31 

23 

19 

43 

12 

6 

1 

4 

2 

2 


3,605 

2,237 

1,534 

1,020 

747 

1, 941 

762 

410 

208 

238 

135 

61 

43 

17 

14 

7 

30 

7 

4 

2 

3 

1 

3 

2 


2,604 

1,682 

1,040 

654 

552 

1,394 

533 

297 

180 

185 

81 

46 

25 

25 

14 

13 

21 

6 

1 

2 

2 

2 

1 


1,977 

1,322 

792 

577 

418 

1,129 

428 

216 

141 

139 

67 

51 

27 

25 

14 

8 

26 

7 

2 


1,507 

923 

601 

423 

360 

823 

365 

182 

112 

117 

67 

33 

18 

14 

12 

7 

20 

4 

3 

2 

1 

3 

3 


3,928 

2,564 

1,713 

1,257 

822 

2,449 

956 

539 

327 

333 

184 

120 

83 

44 

27 

24 

40 

19 

13 

8 

4 

2 

2 

4 

3 


2,895 


6-7 


1,962 


7-8. 


1,280 


8-9 


938 


9-10 


734 


10-15 


2,035 


15-20 


856 


20-25 


389 


25-30 


272 


30-40 


313 


40-50 


157 


50-80. 


108 


60-70 


56 


70-80 


30 


80-90 


31 


90-100 


14 


100-150 


43 


150-200 


15 


200-250 


7 


250-300 


4 


300-400 


1 


2 


400-500 


3 


500-750 


i. 

1 




750-1.000 


4 


1,000 and over.. . 


2 


1 




4 












Total 


102, 571 


17, 488 


13, 031 


9,361 


7,372 


5,600 


15, 465 


12, 152 







STATISTICS OF INCOME 



21 



Individual income tax returns for 1935, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

RENTS AND ROYALTIES— Continued 

[Net income classes and rent and royalty classes in thousands of dollars] 



Net income classes 


Rent and royalty classes— Continued 


2-3 


3-4 


4-5 


5-10 


10-15 


15-20 


20-25 


25-30 


5-6 


1, 245 

932 

639 

466 

361 

962 

441 

240 

136 

139 

76 

58 

28 

12 

15 

12 

25 

11 

7 

2 

2 

1 

2 


7-' 7 

508 

355 

295 

228 

604 

287 

141 

102 

89 

50 

39 

21 

16 

5 

5 

8 

6 

3 

5 

1 

2 


550 

376 

242 

157 

144 

418 

169 

113 

67 

74 

44 

14 

15 

10 

7 

3 

9 

3 

3 

1 

2 

1 


1,202 

1,020 

712 

589 

423 

1,103 

534 

282 

197 

190 

95 

38 

20 

25 

13 

10 

24 

8 

9 

3 

2 

1 

4 

1 

5 


129 

127 

123 

116 

156 

65S 

248 

138 

77 

69 

42 

26 

12 

7 

8 

3 

10 

5 

2 

2 

2 

1 


17 

20 

29 

33 

21 

175 

222 

100 

53 

53 

29 

23 

8 

9 

6 

3 

7 

2 


4 

11 

12 

8 

6 

31 

73 

86 

39 

37 

13 

16 

7 

7 

3 

3 

5 

3 

2 


7 


6-7 


4 


7-8 - 


4 


8-9 . 


7 


9-10 


4 


10-15 -.- 


16 


15-20 


23 


20-25 


40 


25-30 .-. 


40 


30-40 - 


27 


40-50 


14 


50-60 


12 


60-70 


5 


70-80 


6 


80-90 


1 


90-100 . . 




100-150 


3 


150-200 . 


4 


200-250 




250-300 






300-400 








400-500 




1 




500-750 






750-1,000 








2 






1,000 and over 










1 


















Total. 


5,812 


3,517 


2,422 


6,510 


1,961 


812 


368 


217 







Net income classes 


30-40 


40-50 


50-75 


75-100 


100-250 


250-500 


500-1,000 


1,000 and 
over 


5-6 


8 

5 

1 

1 

6 

17 

12 

33 

24 

64 

22 

15 

4 

4 

2 

2 

3 

1 


2 
2 
2 
2 


1 












6-7 




1 








7-8 













8-9 . - 


3 












9-10 




1 
1 






1 


10-15 


4 
3 


2 

5 

4 

4 

7 

19 

13 

12 

4 

6 










15-20 










20-25 


1 

1 
5 
1 
1 
5 
4 
4 
2 
2 

3 










25-30 


3 
16 
34 
14 


2 
1 








30-40 . .. 








40-50 








50-60 


1 

2 








60-70 








70-80 .. ... 








80-90 


1 
4 
4 
2 
2 
1 








90-100 








100-150 




10 
4 








150-200 . . 








200-250 








250-300 


1 


2 


1 






300-400 










400-500 . . 












1 






500-750 


1 
2 




1 




1 






750-1,000 












1,000 and over 


































Total 


228 


100 


97 


31 


24 


2 




1 









22 



STATISTICS OF INCOME 



Individual income tax returns for 19S5, showing the frequency, by size, with winch 
selected sources of income and loss appear in net income classes of $5,000 and 
over — Continued 

DIVIDENDS 

[Net income classes and dividend classes in thousands of dollars] 





Dividend classes 


Net income classes 


Aggre- 
gate 


Under 
0.1 


0.1-0.2 


0.2-0.3 


0.3-0.4 


0.4-0.5 


0.5-1 


1-2 


5-6 


63, 308 

45,811 

32,117 

24, 304 

18, 887 

54, 635 

25, 126 

13, 896 

8,579 

9, 540 

5,099 

3,030 

1,824 

1,261 

882 

556 

1, 353 

516 

231 

132 

128 

73 

79 

29 

41 


14, 319 

8,768 

5,279 

3,488 

2,493 

5, 585 

1,671 

768 

349 

297 

no 

66 

25 

19 

15 

6 

13 

3 

1 


7,624 

4,821 

3,077 

2,122 

1,479 

3,529 

1,115 

487 

237 

186 

79 

36 

19 

7 

6 

1 

14 

2 


4,930 

3,348 

2, 182 

1,504 

1,041 

2,610 

874 

349 

193 

146 

75 

29 

22 

11 

3 

3 

•± 


3,816 

2,618 

1,659 

1,195 

911 

2,100 

727 

324 

154 

147 

58 

23 

19 

11 

8 

4 

7 


3,005 

2,024 

1,357 

977 

645 

1,809 

621 

266 

151 

123 

62 

30 

16 

12 

6 

3 

8 


8,887 

6,506 

4,395 

3.226 

2,498 

6,342 

2,295 

1,049 

529 

449 

183 

103 

61 

34 

19 

19 

26 

5 

2 


8,161 


6-7 


6,327 


7-8 


4 496 


8-9 


3 415 


9-10. 


2,580 


10-15- - 

15-20 


7,247 
2 833 


20-25 


1,359 


25-30 


743 


30-40 


629 


40-50 


282 


50-60 


152 


60-70 


66 


70-80. . . 


47 


80-90 ... 


34 


90-100 


15 


100-150 


22 


150-200 . . 


9 


200-250 


1 
1 


1 
1 




2 


250-300 


1 
1 






300-400 


1 






2 


400-500 






1 




1 


500-750 














750-1,000 
















1,000 and over 
































Total.. 


311.437 


43, 266 


24, 843 


17, 326 


13, 783 


11,116 


36, 628 


38, 422 







Net income classes 


2-3 


3-4 


4-5 


5-10 


10-15 


15-20 


20-25 


25-30 


5-6 


4,329 

3,443 

2,605 

2,014 

1,617 

4,412 

1,819 

914 

496 

■468 

206 

105 

66 

38 

20 

15 

20 

7 

4 


2,710 

2,388 

1,836 

1,437 

1, 160 

3, 330 

1,458 

692 

388 

419 

157 

81 

38 

24 

15 

11 

19 

3 

5 

4 

1 

1 


2,101 

1,674 

1,313 

1,130 

936 

2, 687 

1,223 

625 

340 

323 

140 

76 

40 

26 

13 

10 

18 

4 

1 


3, 232 

3,646 

3,601 

3,326 

2,869 

8,943 

4,521 

2, 318 

1,318 

1,264 

.538 

325 

137 

97 

65 

41 

68 

26 

7 

3 

4 


119 

177 

241 

394 

543 

4,899 

3,015 

1,716 

987 

1,009 

408 

185 

112 

69 

46 

36 

61 

17 

5 

4 

1 


33 

34 

42 

43 

72 

829 

2,221 

1,392 

901 

876 

409 

169 

72 

61 

36 

17 

50 

9 

4 

1 

2 

1 


15 

16 

19 

12 

20 

177 

498 

1,140 

710 

813 

374 

188 

77 

57 

38 

20 

34 

8 

3 

2 

1 


7 


6-7 


6 


7-8 


3 


8-9 


5 


9-10... 


7 


10-15 


50 


15-20 


114 


20-25 


317 


25-30 


670 


30-40 


7.54 


40-50 


373 


50-60 


174 


60-70 


60 


70-80 . 


50 


80-90 


38 


90-100 


18 


100-150 


35 


150-200 - . 


9 


200-250 


4 


250-300 


3 


300-400 






2 


400-500... 




1 





500-750 






1 


2 


1 


750-1,000 . 








1 








































Total 


22, 598 


16, 177 


12, 681 


36, 350 


14,045 


7,274 


4,224 


2.702 







STATISTICS OF INCCME 



23 



Individual income tax returns for 19S5, showing the frequency, by size, with which 
selected sources of income and loss appear in net income classes of $6,000 and 
over — Continued 

DIVIDENDS— Continued 

[Net income classes and dividend classes in thousands of dollars] 





Dividend classes— Continued 


Net income classes 


30-40 


40-50 


50-75 


75-100 


100-250 


250-500 


500-1,000 


1,000 and 
over 


5-6 


9 

7 
6 

I 

44 

67 

125 

339 

1,208 

706 

366 

167 

103 

68 

32 

49 

15 

6 

3 


6 

3 

2 

2 

6 

19 

27 

30 

40 

313 

632 

349 

204 

94 

55 

35 

59 

10 

3 

1 

4 


3 

4 

3 

4 

4 

16 

18 

17 

17 

87 

271 

535 

513 

318 

162 

153 

39 

9 

5 

4 




2 








6-7 


1 
1 

1 








7-8 










8-9 










9-10 










10-15 


4 

4 

6 

11 

10 

28 

33 

86 

159 

194 

122 

200 

37 

10 

6 

3 

2 

1 


3 

5 

2 

5 

17 

7 

15 

23 

23 

40 

70 

491 

303 

124 

32 

26 

7 

5 

1 

1 








15-20 








20-25 








25-30 






1 


30-40 


2 

1 






40-50 






50-60 






60-70 


10 
39 
65 
73 
35 
12 
1 
2 






70-80 






80-90 






•90-100 






100-150 


1 




150-200 




200-250 






250-300 






300-400 


3 

19 
52 
17 

4 




400-500 




1 


500-750 


3 
3 

1 




2 


750-1,000 


2 




4 


1.000 and over 


2 




31 










Total 


3,342 


1,898 


2,261 


919 


1,202 


245 


96 


39 







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

The profit and loss from business (other than from partnerships) 
Teported on returns, Form 1040, with 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 wdth profit and wath loss, total receipts, salaries 
and w^ages paid, and the amount of profit and loss. For returns w4th 
business but without information on schedule A, and for all returns 
with business, there are presented the number of businesses with profit 
and wdth 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 on the return. 

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 profession, 
less cost of goods sold and other business deductions, such as salaries, 
interest on business indebtedness, taxes on business or business prop- 
erty, losses from fire or storm, bad debts arising from sales; depre- 
ciation, obsolescence and depletion, rents, repairs, and other expenses 
as provided for in schedule A of the individual income tax returns, 
Form 1040. The "business loss" represents items of loss from 
business which occur when deductions exceed the total receipts, as 
reported on the returns. 



M 



24 



STATISTICS OF INCOME 



Profit and loss from business (other than from partnerships) by industrial groups, in 
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 in- 
formation 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 


Agriculture and related industries - . . 


8,029 
1,009 


43, 928 
9,995 


5,674 
246 


19, 004 
1,151 


6,279 
666 


141,444 
20, 968 


Milling and quarrying . . . 




Manufacturing: 

Food and kindred products . . 


854 

147 

35 

819 

103 

26 

286 

83 

719 

202 

162 

753 

614 


7,387 

1,528 

251 

7,710 

953 

250 

2, 263 

672 

5,721 

3,242 

1,543 

7,296 

6,305 


34 

9 

1 

43 

5 

2 

26 

4 

54 

19 

16 

44 

58 


66 

18 

1 

197 

14 

1 
47 
19 
117 
62 
65 
175 
207 


736 

122 

29 

730 

90 

24 

246 

71 

632 

165 

148 

682 

548 


87,914 

10, 971 

3,157 

106, 148 

11,696 

3, 766 
19, 500 

6,370 
31, 380 
14, 668 

7, 631 
55, 647 
47, 097 


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 


4. 803 


45, 122 


315 


988 


4,223 


406, 005 




Construction 


1,911 
1,231 


15, 490 
10, 052 


130 
80 


354 
233 


1,689 
1,062 


116, 208 
58,106 


Transportation and other public utilities 


Trade: 
Retail- 


18, 166 

3,028 

418 


125, 137 

26, 954 

3,728 


1,296 
172 
16 


2,753 

485 

79 


15, 594 

2,729 

307 


1, 420, 777 

552, 001 

58, 229 


Wholesale.. - . 


Wholesale and retail 




Total trade 


21.612 


155, 820 


1,484 


3,317 


18, 690 


2, 031, 006 




Service: 

Domestic— Laundries, hotels, restaurants, 
etc -. - 


1,887 
1.067 

20, 173 
1,554 
1,314 

11,478 
3,411 


12,219 
9,810 
150, 349 
14,413 
10,214 
99, 512 
26, 582 


224 
203 
454 
218 
237 
556 
142 


684 
1,084 
512 
260 
548 
732 
229 


1,640 
889 
18,112 
1, 268 
1,114 
9, 286 
3,035 


82, 846 
37, 804 

253, 137 
27, 596 
22, 252 

127! 512 
79. 661 


Amusements 


Curative (medicinal and all other) 

Educational . 


Engineering.. 


Legal. 


All other 


Total service 


40, 884 


329, 099 


2,034 


4,048 


35, 344 


630, 808 




Finance: 

Investment brokers 


706 
1,002 
3,735 


8,382 
6,800 
30, 125 


122 
246 
203 


632 

874 
830 


546 

875 

3,102 


114,427 

14,510 

109, 824 


Real estate. .. _ .. 


All other 


Total finance... 


5,503 


45, 307 


571 


2,336 


4,523 


238, 761 




Nature of business not given 


4,732 


32, 655 


789 


2,282 


3,035 


170, 443 




Grand total 1935.. 


89,714 
73, 889 
49. 740 
45, 547 
97, 779 
154,640 
228, 475 
220, 159 
212,919 
218, 148 


687, 467 

568, 689 

393, 815 

354, 488 

766, 730 

1.215,452 

1, 836, 329 

1,772,255 

1, 704, 175 

1,738,523 


11, 323 
9,969 
7,970 


33, 713 
29, 753 
26, 791 


75,511 
64, 603 
43, 127 


3, 813, 750 
3, 222, 239 
2, 414, 325 


1934 


1933 . . . 


1932 


1931 










1930 










1929 










1928 










1927 










1926 





















' Less than $500. 



STATISTICS OF liSTCOME 



25 



dividual returns for 1935 with net income of $5,000 and over, showing for returns with 
and wages paid, amount of profit and loss, and showing for returns with business, 
with profit and 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 




Labor 


Salaries 
not in- 
cluded 

in 
labor 


Labor 


Salaries 
not in- 
cluded 

in 
labor 




16,481 
3,199 


3,836 
654 


34, 077 
5,953 


4,447 
167 


19, 608 
1,444 


6,117 
218 


1,655 
104 


11,941 
736 


1,750 
343 


9,251 
4,041 


1,227 
79 


7,062 
415 


7,737 

735 

650 

26. 745 

2, 405 

766 

4,056 

1, 093 

5, 862 

1,012 

1, 351 

10, 797 

8,377 


3,887 

389 

177 

4, 607 

396 

205 

807 

2.'")9 

3.696 

1.414 

554 

2.659 

2,593 


6,490 

1,103 

199 

6,783 

861 

248 

2,150 

587 

4,854 

1,884 

1,317 

6.511 

5,639 


34 

8 


1,217 
139 


112 
9 


85 

7 


66 

18 


118 

25 
6 
89 
13 
2 
40 
12 
87 
37 
14 
71 
66 


897 

425 
62 

927 

92 

2 

114 
84 

867 
1,358 

225 

786 

665 






1 
1 

8 
1 


1 


35 
4 

22 
4 
43 
15 
10 
38 
46 


1,751 

136 

22 

463 

584 

228 

180 

77 

1,608 

1,440 


632 
5 

32' 
200 
74 
21 
21 
208 
191 


101 
15 
4 
44 
40 
54 

\l 
135 
146 


165 

4 

1 

42 

19 

7S 

41 

52 

101 

173 


33 
9 


4 


5 


11 
4 
6 
6 

12 


39 
21 
13 
74 
34 


71,587 


21, 644 


38, 626 


261 


7, 845 


1,504 


658 


759 


580 


6.496 


54 


229 


26,158 
6, 481 


4, 257 
7. 985 


13, 193 
8,419 


98 
66 


1,672 
741 


381 
54 


142 
117 


268 
179 


222 
169 


2.297 
1.633 


32 

14 


86 
54 


44,483 
8,479 
1,336 


86, 718 
17. 879 
3.239 


109, 738 

24. 493 

3. 260 


928 
143 

12 


30, 378 

12. 374 

294 


1,433 

211 

30 


2,689 

632 

32 


2,058 

432 

73 


2,572 

299 

51 


15,399 
2,461 

468 


368 

29 
4 


695 

53 

6 


54, 298 


107.836 


137, 491 


1,083 


43. 046 


1.674 


3. 353 


2, 562 


2.922 


18, 329 


401 


754 


11, 221 
1,705 
6,795 
1,339 
1,304 
2, OSO 
4, 531 


9,283 
4,949 
28, 660 
^ 541 
3. 864 
19,298 
11.303 


10, 704 

7.749 

142,432 

11,922 
8,478 

79, 725 

23, 921 


180 
161 
386 
179 
177 
465 
120 


3,077 
1,366 
1, 144 
473 
475 
918 
672 


338 
1.32 
116 
36 
91 
24 
82 


567 
334 
386 
191 
275 
519 
190 


382 
705 
454 
208 
440 
583 
200 


247 
178 

2,061 
286 
200 

2, 192 
376 


1, 515 

2. 061 
13,917 

2, 491 

1, 736 

19, 787 

2,661 


44 
42 
68 
39 
60 
91 
22 


302 
378 
58 
52 
108 
149 
29 


28, 975 


82, 898 


284,931 


1,668 


8,124 


818 


2,463 


2,973 


5. 540 


44. 163 


366 


1,075 


276 

368 

2, 920 


1.921 
2,486 
14. 852 


6, 405 
5.623 
24, 701 


88 
187 
157 


3, 558 
1.077 
1.947 


3 

92 

44 


145 
293 
322 


444 
693 
333 


160 
187 
633 


1.975 
1.178 
5.424 


34 

59 
46 


188 
281 
497 


3,564 


19, 25S 


36, 730 


432 


6.582 


140 


760 


1,370 


980 


8,577 


139 


966 


14, 278 


11,082 


23, 182 


504 


6.682 


681 


901 


1,308 


1.697 


9,473 


286 


974 


225, 020 
219, 057 
183, 167 


259, 4,50 
237, 277 
176, 198 


583, 203 
499, 700 
347, 615 


8.726 
7.944 
6,374 


95. 745 
99, 985 
111,489 


11,588 
17, 148 
14, 363 


10. 1.54 
9.189 
7,860 


22, 098 
20, 927 
22, 248 


14, 203 
9,286 
6,613 


104, 264 
68, 989 
46, 200 


2,597 
2,025 
1,696 


11,615 
8, 826 
4,643 











































































































































































26 STATISTICS OF INCOME 

Basic table 8, pages 93-101, contains, for each industrial groiip^^ 
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 table on pages 24-25 and basic table 8 exclude (1) income from 
partnerships reported in item 5 on face of return, Form 1040 (see p. 
146), (2) salaries, wages, fees, commissions, etc., reported in item 1 on 
face of return, and (3) business profits and losses reported on returns 
with net income of less than $5,000. 

WHOLLY AND PARTIALLY TAX-EXEMPT OBLIGATIONS, RETURNS WITH NET 
INCOME OF $5,000 AND OVER 

Wliolly tax-exempt obligations consist of securities the interest on 
which is wliolly exempt from the normal income tax and surtax of the 
Federal Government. Partially tax-exempt obligations comprise 
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 1935, the wholly tax-exempt obligations on 
which interest was paid consisted of (1) obligations of the Federal 
Government: bonds issued on or before September 1, 1917, First 
Liberty 3K percent bonds, Treasurj^ bills. Treasury certificates of 
indebtedness, Treasury notes, securities issued under the Federal 
Farm Loan Act, or such act as amended, (2) obligations of a State, 
Territory, or political subdivision thereof, or the District of Colum- 
bia, and (3) obligations of United States possessions. Partially 
tax-exempt obligations were Liberty 4 and V/i percent bonds. United 
States savings bonds. Treasury bonds, and obligations of instrumental- 
ities of the United States other than obligations issued under Federal 
Farm Loan Act, or such act as amended. 



STATISTICS OF INCOME 



27 



Wholly and partially tax-exempt obligations reported on individual returns for 1935 
with net income of $5,000 and over, showing amount owned and interest received 
by nature of obligations and net income classes 

[Net income classes and money figures in thousands of dollars] 





Amount owned at end of year 




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 
ZH percent 

bonds. 
Treasury 

note?. 
Treasury 
bills, and 
Treasury 
certificates 
of indebt- 
edness 1 


Total 


Liberty 4 
and m 
percent 
bonds. 
United 
States 
savings 
bonds, 
and 

Treasury 
bonds 


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


5-6 


170, 674 

149, 359 

138, 030 

118, 742 

118,111 

114, 183 

97,077 

92, 747 

84, 551 

83, 674 

351, 875 

303, 112 

230, 361 

392, 952 

276, 287 

182, 418 

175, 498 

140, 6,53 

107, 797 

64, 972 

332, 070 

132, 910 

99, 106 

149, 606 

64, 339 

97, 182 

128, 671 

40, 401 

50, 290 

13, 405 

11,412 

6, 463 

106, 259 


96,949 

85, 435 

86, 267 
72, 963 
79, 275 
75, 437 
62, 260 
63, 079 

57, 226 

58, 250 
250,011 
225,092 
182, 060 
320, 968 
234, 049 
166, 608 
154, 803 
129, 932 

96, 522 
58, 213 

315,949 

125, 276 
90, 492 

147,041 
61,482 
96, 708 

123, 997 
39, 367 
50, 109 
13,405 
10, 487 
6,453 

106, 259 


63, 207 

56,079 

58, 604 

49, 328 

64, 140 

53, 844 

41, 789 

46, 688 

41, 333 

43, 153 

184, 182 

163, 404 

131, 658 

238, 336 

163, 276 

113, 166 

104, 423 

97,091 

64, 783 

40, 862 

233,023 

82, 266 

68, 199 

106, 654 

38, 953 

71,309 

76, 664 

20, 181 

17,121 

7,292 

9,685 

1,681 

29, 660 


11, 864 

10, 770 

10, 502 

7, 345 

10,438 

7,273 

6,945 

6,134 

6,194 

3,822 

23, 762 

20, 453 

16, 604 

21, 639 

19,075 

11,412 

10, 885 

7,937 

10, 779 

3,979 

19, 724 

10,267 

6,791 

5,287 

3,693 

3,780 

5,521 

1,233 

611 


21, 879 
18, 586 
17, 161 
16, 292 
14, 696 
14, 320 
13, 526 
10, 257 

9,700 
11,275 
42, 067 
41,235 
33, 898 
60, 993 
51, 698 
32,030 
39, 496 
24, 904 
20, 960 
13, 372 
63, 203 
32, 743 
25, 502 
35, 100 
18, 836 
21,619 
41,811 
17,952 
32, 477 

6,113 
802 

4,771 
76, 599 


73, 725 

63, 924 

51, 763 

45, 779 

38, 837 

38, 746 

34, 818 

29, 668 

27, 325 

25, 424 

101,864 

78, 021 

48, 301 

71,984 

42,238 

25, 810 

20, 696 

10, 722 

11,274 

6,759 

16, 120 

7,634 

8,614 

2,664 

2,857 

474 

4,674 

1,035 

181 


64, 934 

56, 290 

45, 777 

40, 122 

33, 798 

34, 954 

31, 169 

26, 390 

24, 229 

23, 145 

91,508 

68, 539 

43, 361 

66, 903 

38, 260 

22, 510 

16, 823 

9,678 

10, 296 

6,240 

14, 774 

6.926 

6,189 

2,016 

2,395 

313 

4,652 

1,027 

177 


8,791 


6-7 .- 


7,634 

6,985 
5,658 
5,039 
3,792 
3,649 
3,278 
3,096 
2,279 
10, 366 


7-8 


8-9 


9-10 


10-11 - 


11-12 . ... 


12-13 


13-14 - 


14-15 


15-20 -- 


20-25 


9,482 
4,939 
6,081 
3 978 


25-30 


30^0 


40-50 


50-60 


3,300 

3,872 

1,043 

978 


60-70 

70-80 


80-90--- - 


90-100 


519 


100-150 


1,346 


150-200 


707 


200-250 


2,425 
548 


250-300 


300^00. -. 


462 


400-500- - 


161 


500-750. -. 


22 


750-1,000 


8 


1,000-1,500- _ 

1,500-2,000 


4 


2,000-3,000 


925 
10 
(') 


925 
10 




3,000-1,000 _ 






4,000-5,000 




(') 


5,000 and over . 


























Total 


4, 625, 186 


3, 732, 422 


2,662,032 


284, 518 


885,872 


892, 764 


793, 329 


99, 435 



For footnotes, see p. 



28 



STATISTICS OF INCOME 



Wholly and partially tax-exempt obligations reported on individual returns for 1935 
with net income of $5,000 and over, showing amount owned and interest received 
by nature of obligations and net income classes — Continued 

[Net income classes and money figures in thousands of dollars] 





Interest received or accrued during the year 




Total 


Wholly tax-exempt obligations 


Partially tax-exempt obliga- 
tions 


Net income 
classes 


Total 


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


Obliga- 
tions 

issued 
under 

Federal 
Farm 
Loan 
Act 


Liberty 
ZH percent 

bonds. 
Treasury 

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


Tctal 


Liberty 4 
and 45^4 
percent 
bonds. 
United 
States 
savings 
bonds, 
and 

Treasary 
bonds 3 


Obliga- 
tions of 
certain 
instru- 
mentali- 
ties of the 
United 
States 4 


5-6 


10, 607 
9,111 
7,998 
8,025 
7,689 
6,633 
5 409 
6.116 
4,833 
4,763 
22, 385 
20, 395 

17, 433 
25, 067 
17,8.30 
12, 233 
10, 841 

9,175 
6,748 
4,270 

18, 718 
8,636 
4,796 
7,661 
3,687 
5 228 
7,423 
1,732 
1,974 

617 

460 

790 

3,059 


7,481 
6,444 
5, 748 
6,028 
5,978 
4,974 
3,944 
4,888 
3,653 
3,669 
17, 992 
17,077 
15 273 
22, 052 

16, 045 
11,191 

9,980 
8, 561 
6,245 
3,920 

17. 943 
8,299 
4,522 
7, 409 
3,566 
5, 210 
7,261 
1,720 
1,970 

617 

455 

790 

3,059 


5 382 
4,647 
4,336 
4,555 
4,929 
3,800 
2.784 
3,747 
2,599 
2, 951 
14, 293 
12,511 
11.042 
17, 300 
12, 873 
8,859 
7,608 
7, 076 

4, 9.34 
3,037 

14,643 
6,629 
3,446 
6,117 
2,648 
4,516 

5, .301 
1,247 

935 
4,53 
452 
537 
1,332 


032 

553 

513 

461 

455 

381 

420 

377 

308 

231 

1,472 

1, 534 

1,084 

1,670 

1,104 

679 

858 

428 

603 

181 

989 

472 

283 

223 

162 

118 

199 

43 

20 

5 


1,468 

1,245 

899 

1,012 

594 

793 

740 

764 

746 

487 

2,227 

3,033 

3, 146 

3,082 

2,068 

1, 653 

1,513 

1,056 

708. 

652 

2,311 

1,198 

793 

1, 069 

756 

576 

1,761 

429 

1,014 

159 

4 

233 

1,727 


3,120 

2,667 

2,250 

1,997 

1,711 

1,659 

1,465 

1,228 

1,180 

1,093 

4, 393 

3,318 

2,161 

3,014 

1,785 

1,041 

861 

615 

503 

3.50 

775 

337 

274 

252 

122 

18 

162 

13 

4 


2,725 

2,334 

1, 923 

1,781 

1,447 

1, 451 

1, 315 

1,108 

1,059 

980 

3, 9R8 

2,827 

1,947 

2,671 

1,600 

896 

723 

563 

457 

230 

709 

302 

236 

239 

108 

11 

1,59 

12 

4 


401 


6-7 


332 


7-8 


327 


8-9 


216 


9-10 


264 


10-11 


207 


11-12 


1.50 


12-13 


119 


13-14 


121 


14-15 


113 


1,5-20 


425 


20-25 


491 


25-30 


213 


30-40 


344 


40-50 


185 


50-60 


145 


60-70- 


138 


70-80 


51 


80-90 


46 


90-100 


120 


100-150 


6fi 


150-200 


35 


200-250 


3S 


250-300 


13 


300-400 


14 


400-500 . 


7 


500-750 


3 


750-1,000 


(5) 


1,000-1,500 

1,500-2,000 


(=) 


2,000-3,000 ... 


5 
1 


5 
1 




3,000-4,000 


19 




4,000-5,000 


(5) 


5,000 and over 


























Total 


282, 342 


243, 964 


187, 566 


16, 480 


39,917 


38, 378 


33, 792 


4,587 



' Includes other obligations of United States issued on or before September 1, 1917. 

2 Includes obligations of instrumentalities of the United States other than obligations issued under Federal 
Farm Loan Act, or such act as amended. 

3 Includes interest received on a principal amount not in excess of $5,000 which is wholly exempt from in- 
come taxes. (See line (e), column 3, schedule D, Form 1040, p. 146.) The amount of such interest recsived 
on a principal amount in excess of exemption of $5,000, which is reported on the face of the return for tax 
computation, is tabulated in "Taxable interest on partially tax-exempt Government obligations" in the text 
table on p. 10 and basic table 7 on pp. 88-92. 

* Includes interest received on obligations 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. 146.) The amount of such interest received, which is reported on the face of the return for tax com- 
putation, is tabulated in "Taxable interest on partially tax-exempt Government obligations" in the text 
table on p. 10 and in basic table 7 on pp. 88-92. 

* Under $.500. 



STATISTICS OF INCOME 



29 



The tabulation presented herewith shows, for returns with net 
income of $5,000 and over, the wholly and partially tax-exempt obli- 
gations owned as of the end of the year, and the total wholly and 
partially tax-exempt mterest received or accrued during the year, seg- 
regated by nature of obligation and by net income classes. Bond 
holdings frequently vary materially during the year, therefore, 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 have been 
sold prior to the end of the year. 

Moreover, in some cases where the income is received through 
partnerships and fiduciaries, interest is reported for which no corre- 
sponding principal amount o\Mied, representing the pro rata share of 
the member of the partnersliip or beneficiary of the estate or trust in 
the principal owT.ed by the partnership or estate or trust, is reported. 

Schedule D, Form 1040, from which this table is prepared, is a 
supplementary informational schedule and frequently is not com- 
pletely filled out. Therefore, the amount of interest in excess of 
exemption may not correspond to the amount of taxable interest on 
Liberty bonds, etc., reported on the face of the return for tax com- 
putation. 

Tliis year, for the first time, data for the partially tax-exempt 
United States savings bonds are tabulated with the Liberty 4 and 
4% percent bonds and the Treasury bonds. 

RETURNS ON FORM 1040 WITH NO NET INCOME 

As noted on page 1, the general tables for individual returns in 
Statistics of Income do not include data from returns which show no 
net income. Such returns, in most instances, are filed in accordance 
with the statutory requirements that every individual with gross 
income of $5,000 and over, irrespective of the amount of net income or 
deficit, file an income tax return. Tabulations prepared from these 
returns by deficit classes and by sources of income and deductions are 
shown below. The distribution of the returns by States and Terri- 
tories and more detailed tabulation of the sources of income and 
deductions, by deficit classes, are shown in basic tables 10 and 11, 
pages 127-128. 

Individual returns for 19S5 on Form 1040 with no net income, by deficit classes, 
showing number of returns, deficit, and totals for 1931 through 1935 

[Deficit classes and money figures in thousands of dollars] 



Deficit classes 


Number of 
returns 


Deficit 


Under 5 


81, 601 

6,887 

3,981 

1,250 

497 

185 

129 

43 

29 

7 


100, 285 


5-10 -- - 


47, 537 
60 194 


10-25. 


25-50 


42,882 


50-100 -. 


34, 242 


100-150 . - -.- .-- 


22, 400 
26, 803 
16, 735 
19, 518 
10, 757 


150-300 - - 


300-500 


500-1,000 — 


1,000 and over.. - . ...._. 


Total 1935 




94, 609 
ICM, 170 
168, 449 
206, 293 
184, 583 


381, 353 


1934 .. 


412, 859 
1, 141 331 


1933... 


1932 


1, 480, 922 
1, 936, 878 


1931 




78020—38 3 







30 



STATISTICS OF INCOMR 



Individual returns for 1935 on Form IO4O with no net income, showing sources of 

income and deductions ^ 



Sources of income and deductions 



Amount 
(thousands 
of dollars) 



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 

Income from fiduciaries 2 

Taxable interest on partially tax-exempt Government obligations < 

Other taxable interest 

Other income -- 

Total income 

Deductions: 

Business loss 

Partnership loss 2 

Net capital loss s 

Interest paid ' 

Taxes paid » 

Contributions 

Other deductions 

Total deductions 

Deficit - ..- 



71,670 
25, 688 
9,514 
20, 409 
51,121 
53, 608 
6,874 
2,319 
32, 985 
14, 465 



288, 653 



116, 068 
35, 601 
21,616 
67, 924 
48,415 
4,998 

375, 384 

670, 006 



381, 353 



• For general explanations, see pp. 1-4. 

2 See text, p. 8. 

« For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 7-8, 
and synopsis of laws, pp. 138-139. 

< Interfest received on 4 and iM percent Liberty bonds. United States savings bonds, and Treasury bonds, 
owned in excess of $5,000, and on obligations of certain instrumentalities of the United States (see items 9 
and 25. Form 1040, p. 146). 

' Excludes amounts reported in schedules A and B as business deductions. 

NUMBER OF RETURNS BY COUNTIES, CITIES, AND TOWNS 

The statistics showing the number of individual income tax returns 
for 1935 by counties, cities, and towns having a population of 1,000 and 
over are issued in a separate mimeographed bulletin entitled "In- 
dividual Income Tax Returns for 1935 — Number of Returns by 
States, by Counties, and by Cities and Towns," which was released 
in May, 1937. Copies may be secured from the Bureau of Internal 
Revenue, Washington, D. C, upon request. Information on net 
income and tax liability on 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 on the individual 
returns of the copartners according to their shares. A partnership 
return of income (Form 1065, see p. 152) is, however, required to be 
filed. 



STATISTICS OF INCOME 



31 



The number of partnership retm^ns filed for 1917 through 1935 is as 
follows: 



YeSiT ' Number 

1917 31,701 

1918 100,728 

1919 175,898 

1920 240,767 

1921 259,359 

1922 287,959 

1923 304,996 

1924 321,158 

1925 309,414 

1926 295,425 



Year : Number 

1927 282,841 

1928 •_ 272,127 

1929 263,519 

1930 244,670 

1931 230,407 

1932 216,712 

1933 214,881 

1934 221,740 

1935 222,293 



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 following tables. 

Summary figures for individual returns by States and Territories 
for the years 1925 through 1935, showing number, net income, and 
tax, are tabulated as a section of basic table 9, pages 102-126. 

Individual returns for 1913 through 1935, showing number of returns, net income 
tax before tax credits, lax credits, and tax ' 

[Money figures in thousands of dollars] 





Number of returns 




Year 


Total 


Taxable 


Nontaxable 


Percent of total 


Net income 




Taxable 


Nontax- 
able 




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 
4, 575, 012 










3, 900, 000 
4, 000, 000 
4, 600, 000 
6, 298, 578 
13, 652 383 


1914 ... 










1915 










1916 


362,970 

2, 707, 234 
3, 392, 863 
4,231,181 
5,518,310 

3, 589, 985 

3, 681, 249 

4, 270, 121 
4, 489, 698 
2, 501, 166 
2, 470, 990 
2, 440, 941 
2, 523, 063 
2, 458, 049 
2, 037, 645 
1, 525, 546 
1,936,095 
1, 747, 740 
1, 795, 920 
2,110.890 


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 
2, 464, 122 


83 
78 
77 
79 
76 
54 
54 
55 
61 
60 
60 
59 
61 
61 
55 
47 
50 
47 
44 
46 


17 
22 
23 
21 
24 
46 
46 
45 
39 
40 
40 
41 
39 
39 
45 
53 
50 
53 
56 
54 


1917. 


1918 


15 924 639 


1919 .... 


19, 859, 491 
23 735 629 


1920 


1921 


19, 577, 213 
21 336 213 


1922 


1923 3. .... 


24 777 466 


1924 


25, 656, 153 
21,894,576 
21, 958, 506 


1925 


1926.. 


1927 


22, 545, 091 
25 226 327 


1928 


1929 


24, 800, 736 
18.118.635 
13, 604. 996 
8 11.6.55.909 
11 008 638 


1930 

1931 

1932 


1933 


1934. 

1935 .. -_ .... 


12, 796, 802 
14, 909, 812 





> Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 132-139. 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 subsequent years is tax liability reported on returns as explained on 
page 3 of this report. 

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

' Revised. For nontaxable returns filed in Utah in net income class $4,000 and under $5,000, "other de- 
ductions" and "total deductions" have been decreased by and "net income" has been increased by $152,000. 



32 



STATISTICS OF INCOME 



Individual returns for 1913 through 1935, showing number of returns, net income, 
tax before tax credits, tax credits, and tax ' — Continued 

[Money figures in thousands of dollars) 



Year 



1913.. 
1914.. 
1915.. 
1916.. 
1917.. 
1918.. 
1919.. 
1920.. 
1921.. 
1922.. 
1923 3. 
1924. . 
1925- . 
1926.. 
1927.. 
1928_. 
1929.. 
1930. . 
1931.. 
1932. . 
1933.. 
1934.. 
1935.. 



Tax before tax credits 



Normal 
tax 



12, 
16, 
23, 
51, 
156, 
476, 
468, 
478, 
308, 
355, 
378, 
257, 
216, 
200, 
2)5, 
281, 
162, 
129, 
82, 
156, 
164, 
123, 
152, 



Surtax 



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 
504, 625 



Tax ou 
capital 
net Kain, 
121/2 per- 
cent 



31, 066 

38,916 

48, 603 

117,571 

112,510 

134, 034 

233, 451 

284, 654 

65, 422 

19, 423 

6.039 

16, 435 



Total 



28, 

41, 

67, 

173, 

* 795, 

1, 127, 

1, 269, 

1, 075, 

719, 

861, 

882, 

743, 

766, 

761, 

861, 

1, 204, 

1, 029, 

511. 

287, 

401, 

425, 

511, 

657, 



Tax credits 



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



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



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



9,036 

7,659 

4. 322 
6,028 

5, 126 
5, 378 

10, 112 
24, 185 
71,915 
50, 899 



Total 



5 220, 555 
39, 673 
32,229 
28,969 
,30, 943 
39,916 
27, 441 
34, 99s 
41, 676 
71.915 
50, 899 



Tax 



28,254 

41,046 

67. 944 

173, 387 

« 795, 381 

1, 127, 722 

1, 269, 630 

1, 075, 054 

719, 387 

861, 057 

661, 665 

704, 265 

734, 555 

732, 475 

830, 639 

1, 164, 254 

1. 001, 938 

476, 715 

246, 127 

329, 962 

371. 120 

511,400 

657, 439 



For footnote 1, see p. 31. 

2 See limit of credit summary on p. 135. footnote 6 (g). 

3 Revised fisures. (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 by sec. 1200 (a) of Revenue Act of 1924. 

Number of individual returns for 1914 through 1935, 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 

7f)9 

216 

114 

60 


127, 994 

120, 402 

60, 284 

17, 301 

6, 847 

1,793 

1,326 

376 

209 

120 


157, 149 

150, 553 

80, 880 

23, 734 

10, 452 

2,900 

2,437 

714 

376 

206 


1,337,116 


5-10 


455, 442 


10-25 - 


171,830 


25-50 - 


38, 548 


50-100 


12, 093 


100-150 


2,191 


150-300 


1,063 


300-500 


239 


500-1,000 .. 


123 


1,000 and over. 


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. 33. 



STATISTICS OF INCOME 
Number of individual returns for 1914 through 1935, by net income classes *- 



33 

-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 
996, 098 
855 762 


1-2 


2-3 - - 


3-5 - 


1, 209, 345 
567 700 


5-10 


10-25.. 


252 079 


25-50 


60 123 


50-100 


22, 573 
5 261 


100-150 


150-300 


3,873 
1,141 


300-500 


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, 608, 095 
980, 682 
762, 536 
290 824 


1-2 


2-3 


3-5 


5-10 


10-25. 


102, 892 

20, 931 

6,093 

982 


25-50 


50-100 


100-150 


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 





Net income classes 
(Thousands of dollars) 


1935 


Net income classes 
(Thousands of dollars) 


1935 


Under 1 


299, 594 

1, 777, 931 

1, 123, 699 

873, 673 

339, 842 

123, 564 

26, 029 

8,033 


100-150 . 


1,395 


1-2-. 


150-300 


896 


2-3... 


300-500 


206 


3-5 


500-1,000 


109 


5-10 


1,000 and over 


41 


10-25 


Total 




25-50. 


4, 575, 012 


50-100 







' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 132-139. The returns for 1913 are omitted, as they pertain only to the 
last 10 months of that year. Data for returns of net income under $5,000 are estimated on basis of sample for 
1918 through 1927 and for 1929; and partly estimated and partly tabulated 1928, 1930, and subsequent years. 

' 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. 

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



34 



STATISTICS OF INCOME 



A^et income on individual returns for 1916 through 1935, by net income classes ' 

[Net income classes and money figures in thousands of dollars] 



Net income classes 


1916 


1917 


1918 


1919 


1920 


1921 


1922 


Under 1 












213, 850 

3, 620, 762 

5, 325, 931 

4, 054, 891 

2, 378, 759 

1, 958, 156 

979, 629 

582, 230 

163, 521 

145, 948 

61, 343 

42, 780 

49,411 


247, 564 


1-2 




2, 461, 137 
2, 064, 977 
2,115,865 

1, 827, 508 
1, 687, 166 
1, 042, 320 
846, 894 
400, 492 
474, 652 
209, 905 
214, 631 
306, 836 


2, 232, 355 

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

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


2,829,113 

3,807,286 

4, 513, 264 

2, 954, 137 

2, 412. 276 

1, 277, 365 

896, 497 

358, 393 

371, 149 

159, 071 

128,290 

152, 650 


4, 050, 067 

6, 184, 543 

5, 039, 607 

3, 068, 331 

2, 547, 905 

1, 307, 785 

810, 386 

265, 512 

215, 139 

89, 314 

79, 963 

77, 078 


3, 630, 571 


2-3 




5, 153, 497 


3-5 -- -- 


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


4, 500. 558 


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 




isses 


1923 » 


1924 


1925 


1926 


1927 


1928 


Under 1 


252, 513 

3, 693, 642 

6, 073, 444 

6, 469, 195 

2, 653, 026 

2, 538, 079 

1, 350, 680 

833, 898 

280, 656 

260, 584 

124, 569 

95, 107 

152, 072 


235, 452 

3, 564, 474 

5, 277, 147 

6, 827, 924 

2, 991, 188 

2, 855, 397 

1, 599, 848 

1, 066, 784 

377, 645 

374, 609 

171, 249 

158, 462 

155, 974 


58,306 

1, 774, 602 
2, 047, 970 
5, 236, 003 
3,463,852 
3, 544, 898 

2, 032, 239 
1, 418, 948 

572, 860 
655, 300 
339, 774 
327,368 
422, 457 


67, 238 

1,747,917 

2, 042, 903 

4, 872, 789 

3, 838, 953 

3, 660, 622 

1. 954, 653 

1, 389, 339 

570, 190 

661,412 

340, 214 

317, 881 

494, 394 


72, 231 

1, 645, 576 

2, 062, 275 
4, 700, 816 

3, 895, 759 
3, 748, 058 
2,051,771 
1, 535, 387 

636, 019 
787, 270 
431,122 
378, 167 
600, 641 


64,535 


1-2 


1, 526, 832 


2-3 


2, 030, 901 


3-5 

5-10 -. 


4, 648, 008 
4, 282, 520 


10-25 - 


4, 037, 853 


25-50 


2, 326, 503 


50-100 


1, 857, 878 


100-150 


8.50, 451 


150-300 . . 


1, 157, 131 


300-500... 


663, 900 


500-1,000 


670, 862 


1,000 and over 


1, 108, 863 




"'"" 1 




Total 


24, 777, 466 


25, 656, 153 


21, 894, 576 


21, 958, 506 


22, 545, 091 


25, 22fi, 327 



Net income classes 


1929 


1930 


1931 


1932 


1933 


1934 




73, 742 

1, 499, 908 

1, 958, 595 

4, 572, 596 

4. 481, 576 

4, 025, 233 

2, 174, 458 

1, 646, 476 

770, 536 

1, 087, 410 

628, 229 

669, 878 

1,212,099 


86, 892 

1, 494, 526 

1,864,162 

4, 151, 967 

3,723,763 

2,922,750 

1,383,619 

619,040 

374, 171 

419,016 

207, 131 

211,693 

359, 905 


106, 622 

1, 399, 430 

1,641,594 

3,515,716 

2, 807, COl 

2, 006, 721 

820, 648 

628, 049 

196, 598 

212,059 

102, 186 

102,311 

166, 060 


231, 140 

2, 145, 834 

2, 437, 251 

3 2, 597, 915 

1,677,039 

1, 160, 398 

629, 639 

393, 206 

119, 896 

118. 008 

52, 469 

57. 874 

35,240 


264, 784 

2, 093, 292 

2. 295. £86 

2, 207, 458 

1, 537, 875 

1,112.086 

630, 005 

401,049 

129, 199 

139,215 

54, 570 

56. 700 

86,857 


211,113 


1-2 


2, 277, 726 


2-3... 


2. 467, 851 


3-5. 


2, 83S, 348 


5-10 -. - 


1, 952, 891 


10-25 


1, 513, 592 


25-50. 


708,530 


50-100- 


405, 976 


100-150 


117,744 


150-300 


140,960 


300-600 


43, 832 


500-1,000 


59,464 


1,000 and over 


57, 775 






Total 


24,800,736 


18, 118, 635 


13, 604, 996 


3 11,655, 909 


11,008,638 


12, 796, 802 






Net income classes 


1935 


Net 


income class 


es 


1935 


Under 1 


2 

2 
3 

2 

1 


198, 900 
, 534, 828 
, 831, 583 
, 249, 107 
, 283, 402 
, 822, 271 
882, 309 
535, 772 


1 
1 
3 
5 

1 


DO-150 






166, 379 


1-2 


50-300 






179,911 


2-3 


00-500 






77,907 


3-5 . . . 


00-1,000 






73, 811 


5-10 


000 and ovei 






73,630 


















25-50 . - 




Total.. 


14,909,812 


50-100 















1 Changes in the revenue acts aSecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 132-139. Data for returns of net income under $5,000 are estimated on 
basis of sample for 1918 through 1927 and for 1929; and partly estimated and partly tabulated 1928, 1930, and 
subsequent years. 

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

» Revised. For nontaxable returns filed in Utah in net income class $4,000 and under $5,000, ' other 
deductions" and "total deductions" have been decreased by and "net income" has been increased by 
$152,000. 



STATISTICS OF INCOME 



35 



Tax on individual returns for 1916 through 1935, by net income classes 
[Net income classes and money figures 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 
78, 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 
47,533 


3-5 


776 
6,301 
11,637 
11, 603 

16, 299 
12,423 
24, 007 

17, 951 
20, 902 
51, 487 


5-10 


70, 388 


10-25 


123, 576 


25-50 


125, 697 


50-100 .. - 


144, 093 


100-150 -- 


71, 337 


150-300 - 


98, 810 
43,488 


300-500 


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 




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 


8.30. 639 


1, 164. 2.54 


1.001.938 

























Net income classes 


1930 


1931 


1932 


1933 


1934 


1935 


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, 1,50 
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 

8,659 

7,567 

18, 349 

43, 086 

83. 960 

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


125 


1-2 


10, 058 


2-3 


9,311 


3-5 


20, 738 


5-10 


48,728 


10-25 


103, 754 


25-50 


106, 670 


50-100 


112,816 


100-1.50 


54,132 


150-300 


74, 039 


300-500 


37, 245 


500-1,000.... 


38.323 


1,000 and over . 


41,499 






Total 


476. 715 


246. 127 


329,962 


374, 120 


511, 400 


657, 439 







' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 132-139. Data for returns of net income under $5,000 are estimated on 
basis of sample for 1918 through 1927 and for 1929; and partly estimated and partly tabulated 1928, 1930, and 
subsequent years. 

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



30 STATISTICS OF IXCOME 

Effective tax rale, individual returns for 1916 through 1935 by net income classes 



Net income classes 
(Thousands of dollars) 



Under 1 

1-2 

2-3 

3-5 

6-10 

10-25 

25-50 

50-100 

100-150 

150-300 

300-500 

500-1,000 

1,000 and over, 



All returns. 



1917 


1918 


1919 


1920 


1921 


1922 


1923 



Percent 



0.12 

.61 

.94 

1.41 

2.25 

3.48 

4.75 

6.60 

8.14 

11.09 



2.75 



0.66 

.44 

.86 

2.41 

4.78 

7.34 

10.04 

13.92 

18.27 

23.93 

27.63 

35.65 



5.06 



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 



6.39 



a 91 

.74 

1.66 

3.19 

6.76 

11.80 

20.20 

32.61 

43. 01 

52.67 

57.08 

63.81 



4.53 



0.08 

.81 

.39 

1.05 

2.90 

6.48 

11.53 

19.87 

32.00 

42. 14 

51.94 

58.70 

63.59 



3.67 



0.10 

.75 

.40 

1.06 

2.66 

5.48 

10.40 

17.89 

27.42 

37.03 

37.27 

35.81 

35.02 



4.04 



0.13 

.49 

.27 

.71 

2.04 

4.06 

7.67 

13.06 

19.85 

23.83 

25.42 

26.81 

23.53 



2.67 



0.06 

.29 

.19 

.39 

.96 

2.73 

6.84 

12.81 

20.04 

24.69 

26,73 

26.87 

30. 27 , 



2.74 



Net income classes 
(Thousands of dollars) 



Under 1 

1-2 

2-3 

3-5 

5-10 

10-25 

25-50^.. 

50-100 

100-150 

1.50-300 

300-500 

500-1,000 

1,000 and over 

All returns 



1925 



1926 



1928 



1929 



1930 



1933 



Percent 



0.12 


0.08 


0.06 


0.09 


0.02 


0.04 


.10 


.10 


.07 


.10 


.04 


.08 


.19 


.21 


.19 


.21 


.07 


.18 


.16 


.15 


.14 


.16 


.05 


.13 


.55 


.52 


.53 


.53 


.21 


.47 


2.09 


1.98 


1.98 


2.05 


1.49 


1.70 


5.94 


5.77 


5.82 


5.87 


5.24 


5.25 


10.42 


10.14 


10.20 


10.47 


9.77 


9.51 


13.87 


13.66 


13.74 


13.74 


12.92 


13. 03 


15.73 


15. 72 


15.72 


15.77 


14.64 


14.91 


16.40 


16.24 


17.11 


17.06 


15.49 


15.96 


16.39 


16.88 


16.99 


17.35 


15.86 


16.20 


15.83 


16.66 


16.42 


16.70 


15.76 


16.98 


3.35 


3.33 


3.68 


4.62 


4.04 


2. 03 



0.02 

.07 

.16 

.11 

.44 

1.59 

4.89 

8.48 

11.77 

13. 58 

15. 08 

16.11 

16.19 



1 81 



0.04 
.57 



2. 12 
4.32 
6.92 
11.99 
20.41 
27.04 
35.36 
32.86 
46.75 



.83 



0.04 

.49 

.34 

.83 

2 28 

4.94 

8.31 

14.34 

23.51 

29. 03 

32. 82 

37. 43 I 

31.96 



3.40 





Net income classes 
(Thousands of dollars) 


1934 


1935 




Percent 


Under 1 _ -. 


0.05 
.38 
.31 

.65 
2.21 

5.55 
11.98 
20.89 
32.41 
41.14 
47.58 
51 70 
55.75 


0.06 


1-2 


.40 


2-3 -- 


.33 


3-5 


.64 


6-10 -.-. 


2.13 


10-25 


5.69 


25-50 


12.09 


50-100_ 


21.06 


100-150 


32.54 


150-300 


41.15 


300-500 - 


47.81 


500-1,000 


51.92 


1,000 and over. --- -- - _- 


56. 36 












All returns... 


4.00 


4.41 







• Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
individuals are summarized on pp. 132-139. Data for returns of net income under $5,000 are estimated, based 
on sample for years 1918 through 1927 and for 1929; and partly estimated and partly tabulated 1928, 1930, 
and subsequent years. 



STATISTICS OF INCOME 



37 



Sources of income and deductions, individual returns for 1916 through 1935 

[Thousands of dollars] 



Distribution 


1916 


1917* 


1918 


1919 


1920 


1921 


ncome: 

Salaries, wages, commis- 


1, 851, 277 

2, 637, 475 

(') 

(0 

(■) 
643, 803 

2, 136, 469 
379, 795 

(15) 

701, 084 


3, 648, 438 

2,865,413 

775,087 

318, 171 

(») 
684, 313 

2, 848, 842 

(12) 
(.2) 

936, 715 


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

291, 186 

(9) 
975, 680 

2, 468, 749 

(13) 
(12) 

1, 403, 4S6 


10, 755, 693 
3, 877, 550 

1, 831, 430 

999, 364 

(') 
1, 019, 094 

2, 453, 775 

(13) 

63, 377 
1, 437, 402 


< 15, 322, 873 

< 3, 215, 555 
« 1, 706, 229 

1, 020, 543 

(«) 
1, 047, 424 

2, 735, 846 

(13) 

61, 550 

< 1. 580, 250 


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




Partnership 6 


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


462, 859 

(') 
1, 177, 958 

2, 476, 952 

(13) 

46.994 
1, 643, 344 


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


Rents and royalties 

Dividends on stock of 
domestic corporations 'o. 

Income from fiduciaries ". 

Taxable interest on par- 
tially tax-exempt Gov- 
ernment obligations '<-.. 

Interest and other in- 
come 1* 


Total income 


8, 349, 902 


12, 077, 009 


17, 745, 761 


22, 437, 686 


26, 690, 270 


23. 328, 782 


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 


(") 
} ('") 

} (>') 
2, 051, 324 


('■) 

('■) 

245, 080 
640, 683 


(") 

('■) 
1, 821, 122 


(■■) 
('■) 

('■) 

CO 
2, 578, 194 


(") 

(") 

387, 290 
2, 567, 351 


(") 


Net loss from business 

Net loss from partnership. 
Interest paid 


(•0 


Taxes paid . . . 


Contributions .... 


CO 




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 19 


1924 


1925 


1926 


1927 


[ncome: 

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

Business ° 

Partnership ^ 

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


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

742, 104 

249, 248 

1, 224, 929 

2, 664, 219 
257, 928 

33, 989 
} 1,738,601 


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

863, 107 

305, 394 
1, 814, 126 

3, 119, 829 
329, 124 

43, 711 
2, 177, 771 


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

1, 124, 566 

389, 148 

2, 009, 716 

3, 250, 914 
310, 144 

29,645 
2, 281, 703 


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

1, 991, 659 

940, 569 
1, 471, 332 

3, 464, 625 
305, 806 

25, 651 
1, 814, 402 


9,994,315 

3, 572, 895 
1, 732, 581 

1, 465, 625 

912, 917 
1, 450, 760 

4, Oil, 590 
333, 365 

36, 782 
1, 936, 604 


10, 218, 450 
3, 287, 421 
1, 755, 145 

1, 813, 396 


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


1,081,186 


Rents and royalties 

Dividends on stock of 
domestic corporations w. 
Income from fiduciaries 'L 
Taxable interest on par- 
tially tax-exempt Gov- 
ernment obligations "... 

Other taxable interest 

Other income '« 


1, 302, 276 

4, 254, 829 
421, 481 

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 







For footnotes, see p. 42. 



38 



STATISTICS OF INCOME 



Sources of income and deductions, individual returns for 1916 through 1935 ' — Con. 

[Thousands of dollars] 



Distribution 


1922 


1923" 


1924 


1925 


1926 


1927 


Deductions: 

Net loss from sale of real 
estate, stocks, bonds, 
etc., other than re- 
ported for tax credit 
on capital net loss 
from sale of assets 
held more than 2 


(") 

(17) 

} (.:, 
425, 218 
3,110,478 


(") 
('■) 

('■) 

534, 797 
3, 935, 330 


533,168 
3, 389, 675 


(") 

CO 

441, 590 
2, 935, 868 


178, 216 

CO 

484,205 
2, 826, 509 


227,879 


Net loss from business. . 
Net loss from partner- 
ship 


CO 

00 
507, 705 


Taxes paid 


Other deductions 


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 






Distribution 


1928 


1929 JO 


1930 


1931 


1932 


1933 


Income: 

Salaries, wages, com- 
missions, fees, etc. 3 


10, 862, 331 

3, 243. 955 
1, 929, 520 

2, 928, 142 

1, 879, 780 
1, 164, 518 

4, 350, 979 
443,998 

40,553 

1,841,818 

302, 040 


11,173,068 
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 

556, 392 
974, 325 

4, 197, 304 
429, 459 

38, 134 

1, 608, 434 

332,004 


8, 325, 162 

1, 889. 759 

729,523 

301, 664 

169. 949 
770, 764 

3,113,861 
369, 140 

25. 325 

1, 337, 606 

235, 696 


8, 136, 717 

1, 294, 952 

482, 863 

112,814 

50,074 
529, 989 

1, 972, 133 
310, 949 

29,188 

1, 141, 799 

330, 602 


7, 390, 356 
1, 402. 923 


Partnership « 

Profit from sale of real 
estate, stocks, bonds, 
etc., other than taxed 
as capital net gain 
from sale of assets 
held more than 2 


603, 725 
419, 591 


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

Rents and royalties 

Dividends on stock of 
domestic corpora- 
tions '" 


133. 616 
447,883 

1,559,046 


Income from fiduciar- 
ies '• 


276, 067 


Taxable interest on 
partially tax-exempt 
Government obliga- 
tions " 


31,689 


Other taxable interest.. 


961, 732 
167, 197 






Total income 


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 reported for tax 
credit on capital net 
loss from sale of assets 
held more than 2 
vears . . 


171, 743 

} (") 
532, 886 
3, 056, 679 


994,665 
(") 

(") 

527. 093 
3, 522, 265 


1, 232, 776 
172, 538 

424, 771 
2, 463, 726 


1, 160, 765 
134, 685 

CO 

328,300 
2, 039, 705 


375, 445 
112, 659 

CO 

304,009 
»» 1, 944, 057 


365,782 


Net loss from business.. 
Net loss from partner- 
ship 


f 61,985 
\ 30,435 


Interest paid 


f 507, 520 
\ 506,258 


Taxes paid 


Contributions 


252, 251 


Other deductions 


660,956 


Total deductions 


3, 761, 308 


5, 044, 023 


4, 293, 811 


3, 663, 455 


1« 2, 736, 171 


2, 385. 187 


Net income 


25, 226, 327 


24. 800, 736 


18. 118. 635 


13, 604. 996 


"11,655,909 


11,008,638 







For footnotes, see p. 42. 



STATISTICS OF INCOME 



39 



Sources of income and deductions, individual returns for 1916 through 19S5^ — Con. 

[Thousands of dollars] 



Distribution 



ncome: 

Salaries, wages, commissions, fees, etc.'.. , 

Business profit ' 

Partnership profit * 

Net capital gain 2' 

Rents and royalties 

Dividends on stock of domestic corporations "... 

Income from fiduciaries " 

Taxable interest on partially tax-exempt Government obligations " 

Other taxable interest 

Other income " 

Total income 

Deductions: 

Business loss 

Partnership loss.. _ 

Net capital loss 21 

Interest paid 

Taxes paid 

Contributions 

Other deductions 

Total deductions... 

Net income 



1934 



1935 



8, 600, 455 


9, 900, 578 


1,716.842 


1,855,019 


631,915 


739.822 


211,319 


509, 714 


509,844 


572, 060 


1, 965, 670 


2, 234, 727 


288,730 


328.978 


38,044 


43,820 


909, 231 


900, 501 


220, 910 


231,286 


15, 092, 960 


17. 316, 505 


63,885 


67,455 


29,004 


23,876 


183, 762 


145, 728 


517, 217 


503, 730 


541. 191 


596, 559 


272,822 


305, 155 


688,277 


764. 191 


2. 296, 158 


2, 406. 693 


12, 796, 802 


14,909,812 



Sources of income and deductions, individual returns for 1916 through 1935 with 
net income of $5,000 and over ' 

[Money figures in thousands of dollars] 



Distribution 


1916 


1917 


1918 


1919 


1920 


1921 


dumber of returns. 


22 272. 252 


432. 662 


478. 962 


657. 659 


681. 562 


525.606 


[ncome: 

Salaries, wages, commis- 


1, 398, 329 

2, 386, 905 

(0 

(0 

(0 
516, 742 

2, 098, 428 
365, 326 

(15) 

627, 943 


1, 794, 790 

1, 062, 772 

581, 708 

217, 929 

(0 
340, 868 

2, 648, 155 
CO 

CO 
822, 480 


2, 103. 819 

1, 148, 297 

913, 853 

187, 406 

(0 
386, 474 

2, 133, 209 

(13) 

CO 
799. 186 


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

677,284 

(0 
445, 701 

2, 128, 291 
CO 

62, 571 
876, 687 


3, 367, 516 
1, 398, 069 

1, 261, 899 

623, 993 

(0 
451, 878 

2, 363, 880 

(13) 

60,432 

847, 894 


2, 831, 520 


Business ' .. 


816, 040 


Partnership « 

Profit from sale of real 
estate, stocks, bonds, 
etc., other than taxed 
as capital net gain from 
sale of assets held more 
than 2 years . .. 


903, 571 
254,456 


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


(0 


Rents and royalties 

Dividends on stock of 
domestic corporations ">. 

Income from fiduciaries 'i. 

Taxable interest on par- 
tially tax-exempt Gov- 
ernment obligations 1^... 

Interest and other in- 
come '6.. 


420, 932 
1,915,138 

(13) 

40,281 
732. 697 


Total income 


7. 393. 672 


7, 468, 702 


7, 672, 243 


10, 308, 411 


10. 375, 561 


7, 914. 635 


Deductions: 

Net loss from sale of real 
estate, stocks, bonds, 
etc., other than re- 
ported for tax credit 
on capital net loss from 
sale of assets held more 
than 2 years 


CO 
CO 
CO 
CO 
CO 
CO 
1, 719, 764 


CO 
CO 
CO 
CO 
CO 

186,907 
271, 391 


CO 
CO 
CO 
CO 
(>0 
CO 
1,142,003 


CO 
CO 
CO 
CO 
CO 
CO 
1, 598, 583 


CO 
CO 
CO 
CO 
CO 
(«) 
1, 914, 150 


CO 


Net loss from business 

Net loss from partnership. 
Interest paid 


CO 
CO 
CO 


Taxes paid 


CO 


Contributions 


CO 


Other deductions 


1, 552, 857 


Total deductions 


1. 719. 764 


45S. 297 


1. 142. 003 


1, 598. 583 


1. 914. 150 


1, 552, 857 


Net income... . 


5, 673, 909 


7, 010. 404 


6, 530, 241 


8, 709, 828 


8,461.412 


6, 361. 778 







For footnotes, see p. 42. 



40 



STATISTICS OF INCOME 



Sources of income and deductions, individual returns for 1916 through 1935 with 
net income of $5, GOO and over ' — Continued 

[Money figures in thousands of dollars] 



Distribution 


1922 


1923 19 


1924 


1925 


1926 


1927 


Nninhpr nf rpt.nrns 


594,211 


625. 897 


697, 138 


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, 638 
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 
1, 354, 422 

1,511,859 

1,081,186 
644, 302 

3,761,910 
329, 351 

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


Business'.- 


Partnership '.. 


Profit from sale of real 
estate, stocks, bonds, 
etc., other than taxes as 
capital net gain from 
sale of assets held more 
than 2 years _ 


Capital net gain from sale 
of assets held more than 
2 Years 6_. 


Rents and royalties. 

Dividends on stock of 
domestic corporations ic. 

Income from fiduciaries ". 

Taxable interest on par- 
tially tax-exempt Gov- 
ernment obligations '<.. 

Other taxable interest 

Other income •« 




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 as- 
sets held more than 2 
years 


} (", 

} (") 
211,863 
1, 323, 007 


(") 
(") 

(") 

238, 378 
1, 391, 835 


(") 

(") 

2.54, 072 
1, 405, 532 


(") 

(") 

293, 401 
1,756,030 


122, 409 

(") 

CO 

326,511 
1,691,377 


136, 482 

CO 


Net loss from business 

Net loss from partnership. 
Interest paid 


Taxes paid 


440, 974 


Contributions 


353, 188 
1, 266, 148 


Other deductions 




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, 696 


13, 227, 659 


14, 064, 193 






Distribution 


1928 


1929 


1930 


1931 


1932 


1933 


Number nf rptnrn"! 


1, 010, 887 


1, 032, 071 


810, 431 


590, 731 


356, 442 


331,892 






Income: 

Salaries, wages, 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, 889 

40, 553 

1,230,178 

196,111 


5, 179, 041 
1,836,329 

1, 497, 922 

2, 044, 058 

2, 346, 704 
649, 124 

4, 247, 031 
422, 076 

40, 184 

1, 257, 590 

190, 110 


4, 407, 606 

1,215,452 

786, 931 

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 


Business * 


393,815 


Partnership' 


401, 931 


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 


308,711 


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


133, 616 


Rents and royalties. 

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

Income from fiduciaries ". 

Taxable interest on par- 
tially tax-exempt Gov- 
ernment obligations '<... 

Other taxable interest 

Other income " ... . 


124, 144 

1,199,867 
182, 735 

31, 689 
422, 731 
69,656 






Total income ... - . 


19, 423, 216 


19, 710, 168 


13, 206, 817 


9,011,581 


5, 369, 646 


5, 107, 539 







For footnotes, see p. 42. 



STATISTICS OF INCOME 



41 



Sources of income and deductions, individual returns for 1916 through 1935 with 
net income of $5,000 and over ^ — Continued 

[Money figures in thousands of dollars] 



Distribution 


1928 


1929 


1930 


1931 


1932 


1933 


Deductions: 

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


129, 865 
} 0. 

866, 058 
475, 422 
390, 923 
604, 987 


632, 693 

886, 187 
479, 100 
384, 458 
631, 836 


947, 121 

105, 219 

574, 630 
407, 996 
286, 218 
364, 544 


813, 503 

72, 125 

373, 603 
294, 165 
202, 979 
313, 573 


174, 627 

46, 972 

250,844 
230, 543 
139, 846 
283, 046 


152, 959 
f 26, 792 
I 15, 597 
208, 311 
200,078 
111,219 
245, 065 


Xet loss from business 

Net loss from partnership. 
Interest paid 

Taxes paid--- -. -_- 


Contributions 

Other deductions 


Total deductions 


2, 467, 255 


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 



Distribution 



Number of returns- 



income: 

Salaries, wages, commissions, fees, etc' 

Business profit ' 

Partnership profit « 

.Net capital gain 21 

Rents and royalties 

Dividends on stock of domestic corporations " 

Income from fiduciaries " 

Taxable interest on partially tax-exempt Government obligations H- 

Other taxable interest 

Other income '• 



Total income 6,012,662 



422, 647 



:, 300, 256 
568, 689 
438, 006 
160, 218 
165, 786 

, 585, 042 

203, 854 

38, 044 

453,480 

99, 226 



Deductions: 

Business loss 

Partnership loss-- 
Net capital loss ^L 

Interest paid 

Taxes paid 

Contributions. --- 
Other deductions. 



Total deductions - 



Net income - - .- 5,000,764 



29, 
15, 
90, 
231, 
232, 
129, 
282, 



l,011,i 



1935 



500, 115 



2, 708, 879 
687, 467 
531,620 
399, 918 
198, 210 

1, 814, 184 

232. 324 

43, 820 

448, 022 

123, 234 



7. 187. 678 



33, 713 
13, 113 
68, 981 
240, 731 
267, 571 
148, 180* 
319.993 



1, 092, 283 



6, 095, 394 



For footnotes, see p. 42. 



42 



STATISTICS OF INCOME 



1 Changes in the revenue acts affecting tlie comparability of statistical data from income tax returns of 
individuals are summarized on pp. 132-139. The income items for 1916 are "Gross income," the deductions 
Bot having been allocated to the various sources but included in aggregate under "Deductions." Begin- 
ning 1917, the income items are "net income," the deductions allocable to the various sources of income 
being applied against the gross income from the specific sources as reported on the schedules in the income 
tax returns. When net losses are shown on the schedules, such net losses are transferred in tabulation to 
"Deductions" which also include the other unallocated items shown on the return under "Deductions." 
Data for returns of net income under $5,000 are estimated on basis of sample for years 1918 through 1927 
and for 1929; and partly estimated and partly tabulated 1928, 1930, and subsequent years. 

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 beginning 1924 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 as income 
under "Wages and salaries." Prior to 1927 includes taxpayer's earned income from a partnership. In- 
cludes "Professions and vocations" in 1916. 

* Revised. For taxable returns filed in Alabama with net income under $5,000 the revised figures are: 
Salaries, wages, etc., $101,825,123; Business, $22,051,392; Partnership, $15,640,817; and Interest and other 
income, $7,973,290. 

' Includes partnership income and profit from sale of all stocks, bonds, etc., for 1916. See also note 3. 

6 Certain income from partnership is included in other sources (see notes 8, 10, and 14). Beginning 1934 
amount includes net capital gain or loss from sale of capital assets by partnerships (see note 21). In 1918 
to 1921, inclusive, the amount includes income from fiduciaries, and income from personal service corpora- 
tions as defined in the Revenue Acts of 1918 and 1921 (except certain amounts included in other sources, 
see notes 10 and 14). The amount for partnerships in 1916 was tabulated with business. 

' All profit from sale of real estate, stocks, bonds, etc., and income from partnership included in business 
for 1916. 

8 Capital net gain received by individuals direct or through partnerships or fiduciaries was taxed at 
special rate, 1922 to 1933, inclusive. See notes 7, 9, and 21. 

9 Included in "Profit from sale of real estate, etc." 

10 Includes dividends received by individuals direct and through partnerships or fiduciaries; also dividends 
received through personal service corporations, 1918 to 1921, inclusive; and stock dividends, 1916 to 1919, 
inclusive. 

11 Certain income from fiduciaries is included in other sources (see notes 8, 10, and 14). Beginning 1934, 
amount includes net capital gain or loss from sale of capital assets for estate or trust (see note 21). In 1917 
income from fiduciaries is included in "Interest and other income"; in 1918 to 1921, inclusive, in "Partner- 
ships." 

'2 included in "Interest and other income." 

13 Included in "Partnership." 

i< Includes interest on such obligations held by individuals, or such interest received through partner- 
ships and fiduciaries; also such interest through personal service corporations, 1919 to 1921, inclusive. In 
1917 and 1918 amount included in "Interest and other income." 

i» Such obligations were issued after September 1, 1917. 

'6 Includes for all years, dividends of foreign corporations and income from all sources not reported else- 
where. 

■' Included in "Other deductions." 

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

19 Revised. For nontaxable return filed in Utah in net income class $4,000 and under $5,000, "other de- 
ductions" and "total deductions" have been decreased by and "net income" has been increased by $152,000. 

M Revised figures for returns with net income under $5,000. (See Statistics of Income for 1934, Part 1, 
p. 31, footnote 18.) 

21 Net capital gain or loss on sale of capital assets (regardless of time held) by individuals, after certain 
limitations are applied (see section 117, Revenue Act of 1934). Excludes net capital gain or loss on sale of 
capitnl assets by partnership or fiduciaries, which amounts beginning 1934, are included with other income 
(or loFs) from partnerships or other income from fiduciary (see notes 5 and 10). 

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

M Contributions for 1920 not available for returns with net income of $5,000 and over. 



I 



STATISTICS OF INCOME 43 

ESTATE TAX RETURNS 

The estate tax is imposed upon the transfer of the net estate in its 
entirety and not upon any particular legacy, devise, or distributive 
share. The relationship of the beneficiary to the decedent has no 
bearing upon the tax liability. 

Estate tax returns were filed during the calendar year 1936 under 
the provisions of the Revenue Act of 1924 or prior acts, the Revenue 
Act of 1926, and the combined provisions of the Revenue Acts of 
1926 and 1932, 1926 and 1934, and 1926 and 1935. A synopsis of 
estate tax rates, specific exemption, and credits against tax under 
the Revenue Acts of 1916 to 1935, inclusive, is presented on pages 
140-141. 

An estate tax return is required under these revenue acts in the 
case of every citizen, regardless of place of residence, or resident 
(only in case of every resident if the decedent died prior to May 11, 
1934, the effective date of the Revenue Act of 1934), whose gross 
estate, as defined in the statutes, exceeds the specific exemption 
allowed. The specific exemption is $50,000 under the Revenue Act 
of 1924 and prior acts, $100,000 under the Revenue Act of 1926, 
$50,000 for the purpose of the additional estate tax under the Revenue 
Acts of 1932 and 1934, and $40,000 for the purpose of the additional 
estate tax under the Revenue Act of 1935. A return is required in 
the case of every nonresident alien (or every nonresident citizen and 
alien 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 meaning 
of the statute. 

Prior to the effective date of the Revenue Act of 1935 (August 31, 
1935) returns were required to be filed within 1 year after date of 
death, while under the Revenue Act of 1935 returns are required to 
be filed within 15 months after date of death. Under certain con- 
ditions further extensions of time are granted for filing. In deter- 
mining the value of the gross estate under the 1935 Act the executor 
may elect either the date of the decedent's death or the date one year 
after the decedent's death, or in the case of property distributed, 
sold, exchanged, or otherwise disposed of during the year following 
death, as of the date of the distribution, sale, exchange, or other dis- 
position. Under former revenue acts the value of the gross estate 
was determined as of the date of death. 

The gross estate as defined by law 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) the specific exemp- 
tion allowed in the case of citizen or resident decedents (prior to the 
enactment of the Revenue Act of 1934, exemption allowed for resident 
decedents only). 

Returns for estates of decedents who died prior to 10:25 a. m., Feb- 
ruary 26, 1926, are filed under revenue acts passed prior to that date and 
returns for estates of decedents who died during the period 10:25 a. m., 
February 26, 1926, tlu-ough 4:59 p. m., June 6, 1932, are filed under 
the Revenue Act of 1926. Estates of decedents who died subsequent 
to the effective date of the Revenue Act of 1932 (5 p. m., June 6, 1932) 
are subject to two estate taxes, the tax levied under the provisions of 
the Revenue Act of 1926 and an additional estate tax imposed by the 



44 STATISTICS OF IXCOME 

Revenue Act of 1932. or bv that Act as amended bv the Revenue: 
Acts of 1934 and 1935. The tax under the Revenue Act of 1926 
applies to net estates after deduction of a specific exemption of 
$100,000 and tax credits are allowed for estate, mheritance, legacy, 
or succession taxes paid to any State, Territory, or the District i 
of Columbia not to exceed 80 percent of the Federal estate tax, and' 
for gift taxes paid to the Federal Government. The additional estate : 
tax applies to net estates after deduction of a specific exemption of 
$50,000 imder the 1932 and 1934 Revenue Acts, and S40.000 under j 
the 1935 Act, and is equal to the excess of (1) the amount of a tentative! 
tax computed at the rates specified in the act which is in eft'ect over (2) , 
the amount of the tax computed at rates in the Revenue Act of 1926: 
before deduction of the tax credits provided. The rates of the tenta-! 
tive tax under the Revenue Act of 1932 were graduated from 1 percent; 
upon net estates not in excess of $10,000 to 45 percent upon the; 
amount in excess of $10,000,000. Under the Revenue Acts of 1934' 
and 1935 the rates of the tentative tax were increased, reaching ai 
maximum rate under the 1935 Act of 70 percent on the amount of net 
estate in excess of 850,000.000. 

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 State, Territory', or the District 
of Colimibia, in respect of any property included in the gross estate. 
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 succession taxes is allowable against 
the additional estate tax imposed by the Revenue Act of 1932, or by 
that Act as amended. Credit for gift tax imposed by the provisions of 
the Revenue Act of 1924 is aUowable against estate tax payable under 
the Revenue Act of 1924 or the Revenue Act of 1926 with respect 
to so much of the property which constituted a gift as is included in the 
decedent's gross estate. For decedents who died subsequent to the 
effective date of the Revenue Act of 1932, a tax credit for gift taxes 
paid to the Federal Government is allowed both against the tax com- 
puted under the Revenue Act of 1926 and against the additional tax 
computed under the Revenue Act of 1932, 1934, or 1935. 

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 



STATISTICS OF IXCOME 45 

taxes during the period for the reason that payments may be made 
at a later date than the filing of the return, and for the reason that 
field investigation and office audit may disclose deficiency taxes or 
excess payments which are not reflected in these tables. 

Data included in these tables are compiled from returns filed during 
the calendar year 1936, irrespective of the date of death of the dece- 
dent, under revenue acts passed prior to 1926, the Revenue Act of 
1926 onlv, and 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 under the provisions of that act 
rather than the provisions of the 1932, 1934, or 1935 acts. 

The total number of estate tax returns filed during the calendar 
year 1936 is 13,321, and the total tax liability is 8196,370,000 (see 
table 9, p. 64). The number of returns for citizens or residents is 
11,605, of which 9,137 are taxable returns and 2,468 are nontaxable 
retm-ns. The tax liability on the 9,137 taxable returns is 8195.301,000. 
As compared with returns filed during the previous year, the number 
of taxable returns for citizens or residents increased by 482, or 5.6 
percent, and the tax liability on such returns increased 841,538,000, 
or 27.0 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 the number of returns, gross estate, deductions, net estate, 
and tax liability are shown for each group of returns. 

In tables 2 through 7, the data for the taxable returns in table 1 
are presented in more detail. Tables 2, 3, and 4 include the items of 
gross estate and deductions and tables 5, 6, and 7 include the items 
of net estate and tax liability. The taxable returns for resident dece- 
dents who died prior to May 11, 1934, are presented in tables 2 and 5. 
the taxable returns for citizen or resident decedents who died during 
the period May 11, 1934, through August 30, 1935, are presented in 
tables 3 and 6, and the taxable returns for citizen or resident dece- 
dents who died on or after August 31, 1935, are presented in tables 4 
and 7. 

Table 8 presents a distribution by States of the returns of citizen 
or resident decedents and table 9 is a historical summary of all estate 
tax returns filed. 



7S020— 8S — 



46 



STATISTICS OF INCOME 



Table 1. — Estate tax returns of resident decedents who died before May 11, 1934, 

nontaxable returns, showing number of returns, gross 

[Money figures in 
[Returns filed during 



(1) 



Total 



All re- 
turns 



(2) 



Nontax- 
able 
returns 



(3) 



Taxable 
returns 



(4) 



Number of returns. 



Gross estate: ' 

Real estate - 

Investments in bonds and stocks: 
Federal Government bonds: 

Wholly tax-exempt '" 

Partially tax-exempt '" - 

State and municipal bonds, wholly tax-exempt. 

All other bonds 

Total bonds. 

Capital stock in corporations 

Total bonds and stocks 

Mortgages, notes, cash, etc 

Insurance (gross) " 

Miscellaneous '^ 



Total gross estate. 



Deductions: 

Insurance exemption 

Funeral and administrative expenses 

Debts, unpaid mortgages, etc 

Charitable, public, and similar bequests 

Specific exemption ".. 

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



Total deductions- 



Net estate: '< 

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

To which 1926 rates applv ($100,000 exemption) 

To which 1932 or 1934 rates apply ($50,000 exemption).. 
To which 1935 rates apply ($40,000 exemption) 

Tax: 13 

Under Act of 1924 or prior Acts 

Under Act of 1926 _ 

Under Acts of 1932 or 1934 

Under Act of 1935 



11,605 



353, 106 



47, 847 
67, 353 
138, 953 
184,713 
438, 867 
923, 300 
362, 107 
313, 839 
129, 819 
137, 326 



2,468 



2, 296, 257 



67, 675 

103, 151 

272, 356 

128,053 

1,159,650 

31, 798 



1,762,684 



1,309 
933, 971 
764, 700 
478, 379 



67, 644 



543 

3, 090 

2,949 

9,534 

16, 717 

58, 301 

75, 018 

28, 633 

25, 720 

14, 974 



211,989 



15, 685 
10, 592 

133, 879 
22, 460 

246, 650 

987 



9,137 



285, 462 



47, 304 
63, 662 
136, 004 
175, 179 
422, 150 
864, 999 
1, 287, 149 
285, 206 
104, 098 
122, 352 



2, 084, 269 



51, 989 

92, 558 

138, 477 

105, 593 

913, 000 

30,811 



1, 332, 429 



33 

12, 156 

1 13, 063 

70, 050 



Total tax liability on all returns filed in 1936 195, 301 



1,309 
933, 971 
764, 700 
478, 379 



33 

12, 156 

113,063 

70, 050 



195, 301 



For footnotes, see p. 48. 



STATISTICS OF INCOME 



47 



and of citizen or resident decedents^ who died on or after May 11, 1934, taxable and 
estate by form of property, deductions, net estate and tax 

thousands ot dollars] 

calendar year 1936] 



Returns of resident decedents 


Returns of citizen or resident decedents i 




Filed under Rev- 
enue Acts passed 
prior to 1926, Act 

of 1926 only 

(death before 5 

p. m., June 6, 

1932) 2 


Filed under Acts of 1926 
and 1932 (death in 
period 5 p. m. June 6, 
1932, through May 10, 
1934) 3 


Filed under Acts of 1926 
and 1934 (death in 
period May 11, 1934, 
through August 30, 
1935) 4 


Filed under Acts of 1926 
and 1935 (death on or 
after August 31, 1935) 5 




Nontax- 
able re- 
turns — 
returns 
with no 

net 
estate 

(5) 


Tax- 
able re- 
turns- 
returns 

with 
net 

estate 

(6) 


Non- 
taxable 

re- 
turns — 
no net 
estate 
under 
1926 or 

1932 
Acts 

(7) 


Taxable returns « 


Nontax- 
able re- 
turns- 
no net 
estate 
under 
1926 or 
1934 
Acts 

(10) 


Taxable returns ' 


Nontax- 
able re- 
turns- 
no net 
estate 
under 
1926 or 
1935 
Acts 

(13) 


Taxable returns 8 




No net 
estate 
under 
1926 
Act, 
but tax- 
able 
under 
1932 
Act 

(8) 


Tax- 
able 
under 
both 
1926 
and 
1932 
Acts 

(9) 


No net 
estate 
under 
1926 
Act, 
but tax- 
able 
under 
1934 
Act 

(11) 


Tax- 
able 
under 
both 
1926 
and 
1934 
Acts 

(12) 


No net 
estate 
under 
1926 
Act, 
but tax- 
able 
under 
1935 
Act 

(14) 


Taxable 
under 
both 
1926 
and 
1935 
Acts 

(15) 


a 

a 

."2 


35 


27 


136 


124 


39 


1,337 


2,158 


2,128 


960 


3,084 


1,577 


1 


1,930 

(16) 

37 

25 

19 

81 

689 

770 

815 

263 

1,181 


1,904 

3 
39 

(16) 

353 

396 
1,091 
1,487 
790 
289 
672 


6,072 

15 

92 

36 

119 

262 

3,262 

3,524 

1,406 

1,820 

879 


3,954 

88 

301 

216 

393 

998 

1,529 

2,527 

2,913 

717 

829 


3,273 

113 

161 

337 

947 

1,558 

2,945 

4,504 

1,715 

559 

682 


38, 484 

202 
2,087 
1,500 
5,451 
9,239 
30, 705 
39, 945 
16, 496 
15, 178 
8,155 


51, 255 

1,124 
7,052 
3,740 
17,031 
28, 947 

52, 566 
81,514 
42, 026 
16, 748 
11,354 


109, 482 

27, 015 
25, 067 
88, 292 
84,824 
225, 199 
489, 261 
714, 460 
107, 801 
46, 108 
67, 287 


21, 157 

326 
1,475 
1,387 
3,945 
7,134 
23, 645 
30, 779 
9,916 
8,460 
4,759 


53, 075 

1,614 

9,962 

5,104 

19, 332 

36, 012 

66, 761 

102, 774 

54, 397 

17, 897 

11,799 


62, 518 

17, 347 
21.080 
38, 314 
52, 298 
129,039 
250, 845 
379, 884 
75, 565 
21, 781 
29, 728 


2 

3 
4 
5 
6 
7 
8 
9 
10 
11 
12 


4,959 


5,142 


13, 701 


10, 941 


10, 733 


118, 258 


202, 896 


1,045,138 


75, 071 


239, 942 


569, 477 


13 


201 
267 

6,523 
22 

3,350 

279 


61 

181 

568 

16 

2,000 


865 
608 

10, 880 
302 

13, 600 


407 

518 

1, 361 

329 

12, 400 


214 
591 

1,712 
4 

3,900 

272 


8,833 

5,970 

66, 561 

14, 044 

133, 700 

237 


10, 290 
9,891 

22, 704 

8,293 

215, 800 

174 


18, 420 
44, 274 

67, 066 

68, 693 
212, 800 

22, 766 


5,786 
3,747 

49,915 
8,092 

96,000 

471 


11,954 
11,569 
17, 960 
4,879 
308, 400 

293 


10, 645 
25, 536 
27, 105 
23, 382 
157, 700 

7,306 


14 
15 
16 
17 
18 

19 










10, 642 


2,825 


26, 256 


15, 014 


6,692 


229, 345 


267, 151 


434, 019 


164, Oil 


355, 055 


251, 674 


20 




1,309 
1,007 




















'>^ 








4,041 
5,850 






611, 119 
714, 212 






317, 803 


9? 






2,019 




42, 619 






0^ 












68. 566 


4 09, 813 


?4 
























33 
5 




















''5 








23 
327 






8,778 
111,848 






3,350 


?6 






38 




850 






?7 












3,041 


67, 009 


''8 
























38 




38 


350 




850 


120, 626 




3,041 


70, 360 


9q 











48 



STATISTICS OF INCOME 



' By section 403, Revenue Act of 1934, nonresident decedents are classified as citizens and aliens, and the 
former are brought under the same provisions of the law as resident decedents. 

2 For decedents who died before 10.25 a. m., February 26, 1926, returns are required to be filed under the 
Revenue Act of 1924 or prior Acts if the gross estate e.\ceeded $50,000 in value at date of death. During the 
calendar year 1936, 17 returns were filed under the Revenue Act of 1924 or prior Acts, of which Hare taxable. 
For decedents who died in period 10:25 a. m. February 26. 1926, through 4:59 p. m , June 6, 1932, returns are 
required to be filed under the Revenue Act of 1926 if the gross estate exceeded $100,000 in value at date of 1 . 
death. For statement of rates, exemptions, and credits contained in the provisions of these Acts, see pp, { • 
140-141. I 

3 Estates of decedents who died in period 5 p. m., June 6, 1932, through May 10, 1934, are subject to two j 
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 provi.-^ions of these Acts, j , 
see pp. 140-141. 

* Estates of decedents who died in period May 11, 1934, through August 30, 1935, are subject to two estate | 
taxes, the tax levied under the provisions of the Revenue Act ol 1926 and an additional estate tax levied by 
the Revenue Act of 1932, as amended by the Revenue Act of 1934, Returns are required to be filed if the ! 
gross estate exceeded $50,000 in value at date of death. For statement of rates, exemptions, and credits | 
contained in the provisions of these Acts, see pp. 140-141. i 

5 Estates of decedents who died on or after August 31, 1935, are subject to two estate taxes, the tax levied } i 
under the provisions of the Revenue Act of 1926 and an additional estate tax levied by the Revenue Act of ) 
1932, as amended by the Revenue Act of 1935. Returns are required to be filed if the gross estate exceeded j 
$40,000 in value at date of death. For statement of rates, exemptions, and credits contained in the provi- I 
sions of these Acts, see pp. 140-141. ' 

« A tabulation of these returns by net estate classes is found in tables 2 and 5. on pp. 49-50 and 56-57. 

' A tabulation of these returns by net estate classes is found in tables 3 and 6, on pp. 51-53 and 58-59. 

8 A tabulation of these returns by net estate classes is found in tables 4 and 7, on pp. 54-55 and 60-61. 

' The following items are distributed by form of property: Jointly owned property, $60,764,676; transfers .' . 
made in contemplation of or intended to take effect at or after death, $73,186,698; general power of appoint- ; i 
ment exercised by will or by deed in contemplation of death, .$28,664,502; and property from an estate taxed | i 
within five years, .$65,606,656. For statistics from estate tax returns filed during 1927 to 1932 "jointly owned. i 
property" only was distributed in this manner. i 

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

11 For insurance exemption, see "Deductions." 

12 Includes debts due the decedent, interest in business, claims, rights, royalties, pensions, leaseholds, judg- 
ments, shares in trust funds, household goods and personal effects (including wearing apparel), farm products 
and growing crops, live stock, farm machinery, automobiles, etc. 

13 Specific exemption in Act of 1924 and prior Acts is $50,000 (tabulated in columns 5 and 6 for returns of 
decedents who died before 10:25 a. m., February 26, 1926). Specific exemption in Act of 1926 is $100,000 
(tabulated in columns 5 through 15 for returns of decedents who died at 10:25 a. m., February 26, 1920, or ! 
thereafter) . i 

1* A more detailed tabulation of net estate is found in tables 5, 6, and 7, on pp. 56-61. i 

15 A more detailed tabulation of tax before tax credits, tax credits, and tax after tax credits is found in i 
tables 5, 6, and 7, on pp. 56-61. 

16 Less than $500. 



STATISTICS OF INCOME 



49 



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64 



STATISTICS OF INCOME 



Table 9. — Historical summary of estate tax returns for all decedents filed Sept. .9, 
1916, through Dec. 31, 1936, showing number of returns, gross and net taxable estate^ 
andtax^ 

[Money figures in thousands of dollars] 



Filing period 



Sept 9, 1916- Jan. 15, 1922. 

Jan. 15-Dec. 31, 1922 

Jan. 1-Dec. 31: 

1923 

1924.. 

1925. 

1926 

1927 

1928. - 

1929 --- 

1930 

1931 

1932. 

1933.... 

1934 

1935 

1936 -- 



Returns filed 



Total 



46, 126 
13, 876 

15,119 
14, 513 
16, 019 
14, 567 

10, 700 
10, 236 
10, 343 
10, 382 

9,889 
8,507 
10, 275 

11, 853 

12, 724 
13, 321 



Resident 

dece- 
dents 2 



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 

11,605 



Nonresi- 
dent de- 
cedents ' 



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 
1,716 



Gross estate 



Total 



8, 893, 239 
3, 014, 073 

2, 804, 327 

2, 566, 522 
3,001,089 

3, 407, 923 
3, 173, 235 
3, 554, 270 
3, 893, 246 
4, 165, 623 
4, 075, 575 
2, 830, 388 
2, 060, 956 
2, 267. 285 
2, 459, 892 
2, 312, 421 



Resident 
dece- 
dents ' 



8, 785, 642 
2, 955, 959 

2, 774, 741 

2, 540, 922 
2, 958, 364 
3, 386, 267 
3, 146, 290 

3, 503, 239 
3,843,514 
4,108,517 
4, 042, 381 
2, 795, 818 
2, 026, 931 
2, 244, 107 
2, 435, 282 
2, 296, 257 



Nonresi- 
dent de- 
cedents ' 



107, 597 
58, 113 

29, 587 
25,600 
42, 725 
21, 656 
26, 945 
51, 032 
49, 732 
57. 106 
33, 195 
34, 570 
34, 025 
23, 178 
24, 609 
16, 163 





Net taxable estate 


Tax 


Piling period 


Total 


Resident 

dece- 
dents 2 


Nonresi- 
dent de- 
cedents 2 


Total 


Resident 
dece- 
dents 2 


Nonresi- 
dent de- 
cedents 3 


Sept. 9, 1916-Jan. 15, 1922 

Jan 15--Dec 31 1922 


5, 509, 522 
1, 704, 974 

1, 532, 061 
1,395,816 
1, 658, 869 
1, 972, 537 
1, 761, 617 

1, 992, 503 

2, 313, 976 
2, 427, 454 
2, 356, 332 
1, 423, 437 

828, 302 

902, 745 

1, 051, 378 

949,906 


5, 407, 674 
1, 652, 832 

1, 504, 621 
1, 372, 421 
1, 621. 008 
1, 951, 969 

1, 735, 840 
1,943,429 

2, 268, 323 
2, 376, 973 
2, 327, 319 
1, 391, 569 

798, 246 

882, 712 

1, 028, 490 

935, 280 


101, 849 
52, 142 

27, 440 
23, 395 
37. 861 
20, 567 
25, 777 
49, 075 
45, 653 
50, 481 
29, 013 
31, 868 
30, 056 
20, 033 
22, 888 
14, 627 


356, 516 
120, 562 

89, 109 
71, 939 
87, 322 
101, 805 
41, 686 
41, 959 
44, 388 
41,617 
45, 200 
23, 674 
61,415 
96, 216 
155, 466 
196, 370 


351, 138 
117,624 

88, 384 
71,451 
86, 223 
101,324 
40, 931 
40, 561 

43, 303 
39, 003 

44, 540 
22, 364 
59, 429 
95, 228 

153, 763 
195, 301 


5,378 
2,938 


Jan. 1-Dec. 31: 

1923 


726 


1924 


488 


1925 


1,099 


1926 


481 


1927 


755 


1928 -- 


1,398 


1929 


1,085 


1930 


2,614 


1931 


660 


1932 . 


1,310 


1933* 


1,986 


1934 4 ., 


988 


1935 < 


1,703 


1936* 


1,069 







1 Changes in the Revenue Acts aflecting the comparability of statistical data from estate tax returns are 
summarized on pp. 140-141. , ,, 

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

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

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



STATISTICS 5f income 65 

GIFT TAX RETURNS 

There are presented herein tables compiled from data reported on 
gift tax returns for 1935, filed during 1936. The provisions of the 
Revenue Act of 1934 apply to gifts made during the calendar year 
1935. This Act imposes a tax, payable by the donor, upon the trans- 
fer of property by gift made subsequent to June 6, 1932, at rates 
graduated from three-fourths of 1 percent upon net gifts of less than 
$10,000 to 45 percent on the amount in excess of $10,000,000. Any 
individual citizen or resident of the United States who makes any 
transfer by gift which exceeds $5,000 in value to any one donee, or 
regardless of value if the gift consists of a future interest, must file a 
gift tax return. A nonresident alien is similarly required to file a 
return if the gift consists of property situated in the United States. 

The rates of tax in force for the calendar year for which the return is 
filed are applied, first, to the cumulative net gifts made from June 6, 
1932 (the date of the enactment of the Revenue Act of 1932), through 
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 
the same rates to the cumulative net gifts made up to the beginning of 
such calendar year. The balance is the tax liability for the calendar 
year for which the return is filed. 

The following tables show form of property m 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 
revision that may subsequently be made as the result of audit by the 
Bureau of Internal Revenue. The tax liability shown in the tables 
does not correspond with the actual collections for the same period, 
as payment of the tax shov/n 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 received in ex- 
change, provided a donative intent existed. The tax is imposed upon 
the net gifts which are obtained by subtracting from the total gifts: 

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

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

(3) A specific exemption not in excess of $50,000 for each resident or 
citizen donor, all of which may be taken in one year or the amount 
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. Gifts of stocks and bonds com- 
prise 73.2 percent of total gifts, gifts of cash amount to 8.7 percent, 
real estate 7.1 percent, miscellaneous gifts 6.3 percent, and insurance 
4.7 percent. Gifts for charitable, public, and similar purposes amount 
to 5.9 percent of the total gifts made. 



66 



STATISTICS OF INCOME 



Slightly less 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: 

Gift tax returns for 1935 hy form of property, showing the total gifts, amount by trust, 

and all other gifts 

[Thousands of dollars] 



Form of property 


Total 
gifts 


Amount 
by trust 


All other 
gifts 


Heal estate 


150,991 
1, 658, 724 
185,889 
101, 144 
133, 766 


49, 699 
829, 939 
65, 797 
36, 809 
53, 420 


101,291 


Stocks and bonds 


728, 784 


Cash - 


130, 092 




64, 334 




80, 347 






Total 


2, 130, 514 


1,025,665 


1, 104, 848 







From the following table comparison can be made with respect to all 
returns for the calendar years 1932 through 1935: 

Gift tax returns for 1932,^ through 1935, showing total number of returns, taxable and 
nontaxable returns, total gifts, net gifts, and tax 

[Money figures in thousands of dollars] 





Number of returns 


Total 
gifts 


Net 
gifts 




Calendar years 


Total 


Taxable 


Non- 
taxable 


Tax 


1932 1 


1,747 

3,683 

9,270 

22, 563 


245 

878 

2,528 

8,718 


1,502 
2,805 
6,742 
13, 845 


81, 389 

241, 008 

888, 753 

2, 130, 514 


17,879 

101, 793 

537, 086 

1,196.001 


1,111 


1933 


8,943 


1934 


68, 383 


1935 


162, 798 







> 1932 covers period from June 6 through December 31, 1932. 

Of the donors who filed gift tax returns for 1935, there were 4,535 
who had also filed returns in one or more prior 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 1935 and one or more prior years,^ showing 
number of returns, net gifts, and tax 

[Money figures in thousands of dollars] 





Num- 
ber of 
returns 
for 
1935 


Net gifts on returns for 


Tax on returns for 




1935 


Prior 

years i 


Total 


1935 


Prior 
years ' 


Total 


Eeturns taxable for 1935 of donors 
filing nontaxable returns for 
prior years _ 


1,428 

1,508 

68 

1,531 


198. 667 
416,938 




198, 667 

811,286 

19.971 


20,226 
91,851 




20,228 


Returns taxable for 1935 of donors 
filing taxable returns for prior 
years 


394, 348 
19, 971 


79, 544 
2,379 


171,395 


Returns not taxable for 1935 of 
donors filing taxable returns 
for prior years 


2,379 


Returns not taxable for 1935 of 
donors filing nontaxable re- 
turns for prior years 






















Total 


4,535 


615, 605 


414,319 


1,029,924 


112,077 


81,924 


194,000 







« Period from June 6, 1932, through December 31, 1934. 



STATISTICS OF INCOME 



67 



Table 1. — Gift tax returns for 1935 hy net gift classes, showing number of returns, 
total gifts ' by form of property, exclusions, total gifts after exclusions, deductions, 
net gifts,^ and tax 

[Net gift classes and money figures in thousands of dollars] 



Net gift classes ' 



Number 
of returns 



Total gifts by form of property 



Real Stocks and 
estate bonds 



Cash 



Insur- 
ance 



Miscel- 
laneous 



Total gifts 
before ex- 
clusions 



Nontaxable returns: 
No net gifts 



Taxable returns: 

Under 10 

10-30 

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. 



13, 845 



59, 868 



236, 257 



67, 923 



27, 708 



38, 696 



420, 453 



1,591 
958 
702 
581 
731 
1,553 
1,274 
744 
264 



7,896 

6,348 

4,795 

4,074 

4,855 

14, 086 

15,021 

8,731 

6,594 

3,448 

959 

2,152 

888 

872 

335 

4 



50, 730 

36, 644 

34, 745 

33, 977 

51, 677 

139, 148 

187, 248 

197, 397 

121,466 

58, 254 

57, 072 

91, 700 

56, 204 

22, 376 

13, 421 

24, 339 

7,746 

4,435 

4,965 

5,898 



8,309 

6,343 

4,873 

4,158 

7,959 

14,615 

17, 833 

21,814 

14, 304 

4.874 

2,406 

8,620 

4,950 

426 

419 

2,423 



7 

'iio' 



7,374 

5,236 

4,213 

3,197 

3,979 

12, 499 

14, 672 

10, 044 

5,257 

1,111 

1,226 

1,237 

2,631 

466 



7,886 
4,539 
4,513 
4,218 
5,654 
12, 302 
13, 035 
14,442 
5,361 
4,885 
4,377 
2,950 
4,131 
582 
3,112 
47 



10, 063 



9,169 
113,854 



3,455 



35 
3,000 



Total taxable returns. 
Grand total 



8,718 



91, 122 



1, 322, 466 



127, 966 



73, 436 



95,070 



22, 563 



150, 991 



1, 558, 724 



185, 889 



101, 144 



133, 766 



82, 194 

59,111 

53, 138 

49, 624 

74, 124 

192, 651 

247, 809 

252, 429 

152, 982 

72, 572 

66, 040 

106, 659 

68, 805 

24, 723 

17, 288 

26, 814 

8,106 

4,442 

4,965 

6,008 



9,204 
130, 372 



1, 710, 061 



2, 130, 614 



Net gift classes ' 



Exclu- 
sions not 
exceeding 
$5,000 for 
each 

donee 



Total gifts 
after ex- 
clusions 



Deductions 



Charita- 
ble gifts 
after ex- 
clusions ' 



Specific 
exemption 
claimed 
in 1935 
return * 



Total de- 
ductions 



Net gifts 



Tax 



Nontaxable returns: 
No net gifts 



Taxable returns: 

Under 10 

10-20 

20-30 

30-40. 

40-50. 

50-100 

100-200.. 

200^00 

400-600. 

600-800 

800-1,000 

1,000-1,500.... 
1,600-2,000.... 
2,000-2,500.... 
2,500-3,000.... 
3,000-3,500.-.. 
3,500-4,000.... 



109, 259 



311, 194 



27, 109 



284, 085 



311,194 



15, 365 

9,840 

7,700 

6,840 

7,330 

18, 855 

17, 280 

12, 010 

4,710 

2,010 

1,650 

2,460 

880 

430 

160 

230 

65 



66, 830 

49, 271 

45, 438 

42, 784 

66, 794 

173, 796 

230, 529 

240, 419 

148, 272 

70, 562 

64,390 

104, 199 

67, 925 

24,293 

17, 128 

26,584 

8,041 



3,572 

666 

1,843 

341 

3,378 

2,050 

2,523 

10, 837 

12, 359 

1,390 

409 

1,297 

1,772 

2,042 

182 

320 

33 



56, 849 

34, 793 

26, 269 

22, 277 

30, 749 

60,200 

46, 776 

25, 552 

8,268 

2,421 

2,006 

2,005 



150 
153 
50 



60, 421 

35, 459 

28,112 

22, 617 

34, 127 

62,249 

49, 299 

36, 389 

20, 628 

3,811 

2,415 

3,302 

2,721 

2,108 

332 

473 

83 



6,408 

13,812 

17, 327 

20, 166 

32, 667 

111,546 

181, 229 

204, 030 

127, 645 

66, 751 

61, 975 

100, 897 

65, 205 

22, 184 

16, 796 

26, 111 

7,959 



83 

210 

350 

442 

819 

4,295 

11, 500 

18, 138 

14, 793 

9,178 

9,130 

17, 341 

13, 033 

5,017 

4,225 

7,020 

2,255 



» Total gifts before subtracting exclusions and before deducting charitable, public, and similar gifts and 
specific exemptions. 

2 Net gifts after exclusions and deductions. 

5 Total charitable, public, and similar gifts after total exclusions for such gifts not exceeding $6,000 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. 



68 



STATISTICS OF INCOME 



Table 1. — Gift tax returns for 1935 by net gift classes, showing number of returns, 
total gifts ^ by form of property, exclusions, total gifts after exclusions, deductions, 
net gifis,^ and tax — Continued 



[Net gift classes and money 


figures in 


thousands of dollars 








Exclu- 
sions not 
exceeding 
.$5,000 for 
each 

donee 


Total gifts 
after ex- 
clusions 


Deductions 


Net gifts 




Net gift classes > 


Charita- 
ble gifts 
after ex- 
clusions 3 


Specific 
exemption 
claimed 
in 1935 
return * 


Total de- 
ductions 


Tax 


Taxable returns— Con. 

4,C0O-4,S00- - 


10 

5 

20 


4,432 
4,960 
5,988 


2 


50 
30 
37 


52 
30 
37 


4,380 
4,930 
5,952 


1,066 


4,500-5,000 


1,262 


6 000-6 000 




1,644 


6,000-7,000 






7 000-8 000 
















8 000-9 000 
















9,000-10,000 


10 
240 


9,194 
130, 132 








9,194 
88, 837 


3.019 


10,000 and over. 


41, 195 


ICO 


41, 295 


37, 977 


Total taxable returns. 


108, 100 


1, 601, 961 


86,211 


319, 750 


405, 9G1 


1, 196, 001 


162, 798 


Grand total 


217, 358 


1, 913, 155 


113,320 


603, 835 


717, 155 


1, 196, 001 


162, 798 







For footnotes, see p. 67. 

Table 2. — Gift tax returns for 1935 by total gift classes and by taxable and nontax- 
able returns, shovnng mimber of returns, total gifts before exclusions,^ exclusions, 
total gifts after exclusions, deductions, net gifts,^ and tax 

[Total gift classes and money figures in thousands of dollars] 



Total gift classes i 



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 22,563 



Total 
num- 
ber of 
returns 



2,493 

3,425 

2,452 

1,844 

2, 144 

5,510 

2,754 

1,203 

346 

127 

72 

106 

40 

15 

8 

10 

1 

3 

1 



Taxable 



Niun- 
ber of 
returns 



137 

220 

209 

204 

223 

,112 

,707 

,188 

337 

123 

69 

103 

39 

15 



8,718 



Total 
gifts 
before 
exclu- 
sions 



895 

3,164 

5,095 

7,050 

10, 035 

229, 220 

363, 800 

319,018 

162, 705 

83, 937 

61,344 

123, 472 

66, 469 

31,900 

21,879 

32, 948 

3,638 

12, 548 

4,965 



6,008 



8,492 

9,204 

142. 274 



1, 710 061 



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



495 
1,345 
1,620 

1, 865 

2, 345 
30 025 
35, 990 
18, 545 

6, 055 

2,550 

1,600 

2,760 

1,220 

460 

305 

285 

35 

75 

5 



20 



150 

10 

340 



108, 100 



Total 
gifts 
after 
exclu- 
sions 



400 

1,819 

3,475 

5,185 

7,690 

199, 196 

327,811 

300, 473 

156, 650 

81,387 

59, 744 

120 712 

65, 219 

31,440 

21, 574 

32. 663 

3,603 

12, 473 

4.960 



5,! 



8,342 

9,194 

141, 934 



1, 601, 961 



Deductions 



Charitable, pub- 
lic, and similar 
bequests 



Num- 
ber of 
donees 



5 

5 

6 

20 

85 

165 

165 

112 

48 

31 

67 

35 

23 

17 

14 

4 

3 



Amount 
after 
exclu- 



15 

12 

44 

129 

874 

1,942 

2,939 

2,772 

1,384 

960 

6,177 

4,321 

919 

1,648 

447 

1,140 

35 



8,085 
'52,"367' 



86, 211 



Specific 
exemp- 
tion 
claimed 
in 1935 
return < 



40 

311 

950 

1,464 

3,638 

13i,412 

114,734 

45, 571 

11,604 

3,343 

1,966 

2,799 

949 

233 

198 

203 



100 
30 



146 



319, 750 



Total 
deduc- 
tions 



40 

325 

961 

1,508 

3,766 

132, 286 

116,676 

48, 511 

14, 377 

4,728 

2,926 

8,976 

5,270 

1,152 

1,846 

649 

1,140 

135 

30 



37 

"i'ios 



52, 513 



405, 961 



For footnotes, see p. 69. 



STATISTICS OF INCOME 



69 



Table 2. — Gift tax returns for 1935 hrj total gift classes and by taxable and nontaxable 
returns, showing number of returns, total gifts before exclusions,^ exclusions, 
total gifts after exclusions, deductions, net gifts,"^ and tax — Continued 

[Total gift classes and money figures in thousands of dollars] 





Taxable— Con. 


Nontaxable 




Net 
gifts 


Tax 


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 


Charitable, pub- 
lic, and similar 
bequests 


Specific 
exemp- 
tion 
claimed 
in 1935 
return * 


Total 




Num- 
ber of 
donees 


Amount 
after 
exclu- 
sions ' 


deduc- 
tions 


Under 10 

10-20 - 


359 

1,494 

2,514 

3,677 

3,923 

66, 910 

211, 134 

251, 962 

142, 274 

76, 659 

56, 818 

111,736 

59, 979 

30, 288 

19, 728 

32,013 

2,462 

12, 339 

4,930 


11 

46 

83 

147 

130 

1,743 

9,628 

19, 756 

15, 465 

9,952 

8,199 

18, 485 

11, 455 

6,780 

4,461 

8,669 

484 

3,321 

1,262 


2,356 

3,205 

2,243 

1,640 

1,921 

2,398 

47 

15 

9 

4 

3 

3 

1 


16, 183 

45,406 

54, 241 

56, 541 

86, 898 

136, 357 

6,114 

4,002 

4,347 

2,805 

2,601 

3,366 

1,593 


10, 195 

19, 544 

16, 885 

14, 335 

16, 690 

29, 645 

1,310 

280 

195 

125 

15 

25 

15 


5,988 

25, 862 

37, 356 

42, 206 

70, 208 

106, 712 

4,804 

3,722 

4,152 

2,680 

2,586 

3,341 

1,578 


56 

110 

79 

44 

37 

105 

83 

44 

35 

21 

2 

2 

3 


123 

744 

745 

508 

547 

2,607 

3,959 

3,640 

4,117 

2,661 

2,586 

3,293 

1,578 


5,865 

25, 118 

36,611 

41, 699 

69, 661 

104, 105 

845 

82 

35 

18 

--- 


5,988 
25, 862 


20-30 


37, 356 


30-40 


42, 206 


40-50 


70, 208 


50-100 


106, 712 


100-200 


4,804 


200-400 


3,722 


400-600. -.-. 


4,152 


600-800 


2,680 


800-1,000 

1,000-1,500 

1,500-2,000 

2,000-2,500 

2,500-3,000 

3,000-3,500 


2,586 
3,341 
1,578 


































3,500-4,000 

4,000-4.500 .. 


































4,500-5,000 ... 


















5,000-6,000. .. 


















6,000-7,000 


5,952 


1,644 


















7,000-8,000 


















8,000-9,000 


234 

9,194 

89, 421 


17 

3,019 

38, 040 


















9,000-10,000 


















10,000 and over 




































Total 


1, 196, 001 


162, 798 


13,845 


420, 453 


109, 259 


311,194 


621 


27, 109 


284, 085 


311, 206 



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

2 Net gifts after exdusion?, and deductions. 

» 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, 
amount may be talien in one year or spread over a period of years. 

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

There is also included a synopsis of individual income and profits 
tax rates, estate and gift tax rates, credits, and exemptions affecting 
the comparability of the data in the Statistics of Income. 

Statistics from the corporation income and excess-profits tax 
returns and personal holding company returns for 1935 are being 
prepared and will be issued under the title "Statistics of Income for 
1935, Part 2." 

Respectfully, 

Guy T. Helvering, 
Commissioner of Internal Revenue. 
John W. Hanes, 

Acting Secretary of the Treasury, 



BASIC TABLES 



INDIVIDUAL RETURNS 



71 



STATISTICS OF INCOME 



7a 



Table 1. — Individual returns for 1935 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, and personal exemption and credit for 
dependents 



(For test defining certain items and describing methods of tabulating and estimating data, see pp. 1-4] 



States and 
Territories 



Alabama 

Arizona. 

Arkansas 

California 

Colorado 

Connecticut. -- 

Delaware 

Dist. of Col... 

Florida 

Georgia 

Hawaii 

Idaho 

Illinois. 

Indiana 

Iowa. 

Kansas 

Kentucky 

Louisiana 

Maine 

Maryland 

Massachusetts. 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana 

Nebraska 

Nevada.. 

N. Hampshire- 
New Jersey — 
New Mexico.— 

New York 

N. Carolina — 
North Dakota- 
Ohio 

Oklahoma 

Oregon 

Pennsylvania- 
Rhode Island.. 
So. Carolina.-- 
South Dakota. 

Tennessee 

Texas. 

Utah 

Vermont 

Virginia 

Washington '.. 

W. Virginia 

Wisconsin 

Wyoming 

Total.. - 



Popu- 
lation 
July 1, 

1935 
(Census 
Bureau 

esti- 
mate) 
(in thou- 
sands) 



2,834 

386 
1,999 
5,639 
1,062 
1,717 

256 

594 
1,614 
3,345 

386 

479 
7,817 
3,429 
2,534 
1,848 
2,846 
2,120 

845 
1,669 
4,375 
4.661 
2,627 
1,961 
3,913 

531 

1,364 

99 

502 
4,288 

402 
12, 889 
3,417 

700 
6,707 
2, 509 
1,008 
10, 066 

681 
2,012 

675 
2,904 
6,077 

515 

377 
2,637 
1,695 
1,816 
2,908 

232 



127, 967 



Per- 
cent of 
popu- 
lation 

filing 
returns 



0.92 
3.61 

.70 
6.52 
3.15 
6.88 
4.44 
16.04 
2.36 
1.40 
3.44 
2.30 
4.42 
2.40 
2.28 
2.14 
1.40 
1.89 
2.58 
5.55 
5.89 
3.73 
2.75 

.69 
2.82 
3.75 
2.29 
6.51 
3.52 
5.21 
2.31 
6.61 
1.05 
1.43 
3.68 
1.79 
3.30 
3.87 
4.85 

.84 
1.42 
1.46 
2.16 
2.74 
2.89 
2.08 
4.13 
2.05 
3.64 
3.77 



Number 
of re- 
turns 



26, 141 
13,941 
14, 085 

367, 757 
33, 475 

100, 898 
11.371 
95, 271 
38, 021 
46, 702 
13, 262 
11,006 

345. 857 
82, 436 
67, 788 
39, 492 
39, 763 
40,123 
21, 826 
92, 650 

257, 495 

173, 799 
72, 258 

13, 670 
110, 370 

19, 924 

31, 253 

6,441 

17,687 

223, 489 
9,272 

852, 076 
35, 813 
10, 039 

246, 888 
44, 909 
33. 273 

389, 994 

33, 009 

16, 826 

9,582 

42, 341 

131. 447 

14, 038 
10. 903 
54, 836 
69, 919 
37, 224 

105, 785 
8,739 



Net income 



38, 

43, 

1, 172, 

108, 

340, 

64, 

268, 

144, 

160, 

4G, 

29, 

1,171, 

246, 

148, 

111. 

126, 

122, 

69, 

316, 

825, 

568, 

222, 

36, 

368, 

56, 

93, 

20, 

51, 

737, 

25, 

3, 106, 

124, 

23, 

766, 

139, 

91, 

1, 273, 

113, 

47, 

24, 

135, 

439, 

39, 

30, 

171, 

197, 

106, 

268, 

23, 



443, 944 
298, 031 
361, 163 
303, 199 
379, 317 
303, 213 
759, 925 
667, 106 
693, 408 
963, 172 
901, S22 
803, 013 
833, 661 
979, 617 
525, 910 
404, 165 
101,178 
582, 017 
455, 451 
888, 322 
327, 467 
269, 799 
817, 906 
878, 747 
068, 146 
719, 731 
113, 326 
681, 384 
553, 939 
164, 952 
399, 852 
263, 965 
880, 237 
077, 405 
528, 630 
147, 683 
305, 901 
383, 247 
640, 801 
010, 243 
693, 550 
557, 076 
162, 958 
902, 816 
293. 579 
203, 816 
923, 684 
920, 022 
590, 449 
703, 202 



3.58 4,575,012 14,909,812,025 657,439,343 



Tax 



$1, 701, 528 
647, 869 
796, 832 

42, 033, 332 

4, 057, 269 
17, 227, 337 
11,401,715 

7, 176, 849 
8, 933, 467 
4, 149, 454 
2, 396, 263 
361, 103 
61, 134, 158 
8, 487, 456 
2, 790, 613 

2, 041, 689 

3, 742, 279 
3, 065, 651 

2, 567, 514 
12, 013, 217 
3 ',804, 163 
.' ,319,046 

0, 672, 968 
870, 027 

12, 420, 233 
981, 166 

1, 795, 640 
1, 363, 651 
1, 436, 182 

34, 603, 809 

364, 772 

202, 971, 449 

6,419,410 

191,412 

28, 981, 842 

3, 433, 003 

1, 626, 697 
57, 062, 818 

6, 002 036 
802, 720 
346, 333 

3, 937, 433 

19, 498, 410 

686, 084 

503, 958 

5, 268, 764 

3, 868, 053 

2, 276, 187 
5, 677, 366 

646, 357 



Average 



Net in- 
come 



f3, 077. 31 

2, 747. 15 

3, 077. 82 
3, 187. 71 
3, 237. 62 
3, 372. 74 
5, 696. 18 

2, 820. 03 
3, 805. 62 

3, 232. 48 
3, 636. 56 

2, 708. 13 

3, 388. 20 
2, 983. 89 
2, 570. 19 

2, 820. 93 
3, 146. 17 

3, 055. 16 
3, 182. 23 
3, 423. 97 
3, 206. 22 
3, 269. 70 
3, 083. 64 

2, 717. 67 

3, 244. 26 

2, 846. 80 
2, 979. 34 

3, 210. 90 

2, 914. 79 

3, 298. 39 

2, 739. 41 

3, 646. 52 
3, 487. 01 

2, 298. 78 
3, 104. 76 

3, 098. 44 

2, 744. 14 

3, 265. 14 
3, 442. 72 
2, 793. 90 

2, 677. 08 

3, 201. 56 
3, 340. 99 
2, 832. 40 
2, 778. 46 
3, 122. 16 
2, 830. 76 
2, 872. 34 
2, 444. 49 
2, 712. 35 



Tax 



$66. 09 

46.47 

56.57 

114.30 

121.20 

170. 74 

1, 002. 70 

75.32 

234. 96 

88.85 

180. 69 

31.90 

147. 85 

102. 96 

48.29 

51.70 

94.11 

76.40 

117.64 

129. 80 

123. 61 

162. 94 

92.36 

64.11 

112. 69 

49.26 

67.45 

211.71 

81.14 

154. 83 

39.34 

238. 21 

179. 25 

19.07 

117. 39 

76.44 

48.86 

146. 29 

181. 83 

47.71 

36.04 

92.99 

148. 34 

48.70 

46.22 

96.08 

55.32 

61.15 

52.72 

73.96 



3,258.97 143.70 9,772,888,716 



Pisrsonal 
exemption 
and credit 

for de- 
pendents 



$60, 002, 062 

29, 906, 758 

34, 044, 348 

742, 531, 487 

73, 630, 241 

197, 258, 725 

23, 573, 943 

180, 442, 361 

88, OiO, 347 

109, 230, 944 

32, 006, 722 

23, 636, 764 

736, 19.5, 713 

174, 994, 262 

125, 383, 682 

89, 614, 262 

86, 934, 718 

86, 959, 959 

46, 044, 703 

201, 238, 725 

524, 799, 329 

376, 244. 587 

156, 747, 323 

32, 269, 930 

241, 839, 846 

42, 949, 828 

70,083,111 

13, 262, 384 

36, 930, 264 

490, 377, 774 

20, 418, 395 

1, 833, 126, 724 

84, 391, 831 

23, 652, 765 

524, 159, 075 

111,151,618 

71,122,459 

825, 114, 167 

68, 424, 150 

39, 585, 677 

22, 071, 731 

96, 816, 125 

277, 293, 494 

35, 237, 841 

22, 930, 548 

124, 453, 195 

145, 904, 239 

83, 421, 663 

219, 636, 194 

18, 943, 723 



•Includes Alaska. 



74 



STATISTICS OF INCOME 



Table 2. — Individual returns for 1935 by net income classes, showing number of 
returns, net income and tax, average tax, effective tax rate, personal exemption and 
credit for dependents, and earned income credit 

[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4] 



Net income classes 
(Thousands of dollars) 



Under 1 (est.) >. 
Under 1 (est.). 
1-1.5 (est.) 
1-1.5 (est.). 
1.6-2 (est.) 
1.6-2 (est.). 
2-2.5 (est.) 
2-2.5 (est.). 
2.6-3 (est.) 
2.5-3 (est.). 
3-3.5 (est.) 
3-3.5 (est.). 
3.5-4 (est.) 
3.6-4 (est.). 
4-4.5 (est.) 
4-4.5 (est.). 
4.5-5 rest.) 
4.6-5 (est.). 

6-6» 

6-6 

6-7 

7-8...- 

8-9 

9-10 

10-11 

11-12 

12-13 

13-14.... 

14-15 

15-20 

20-25 

25-30 

30-40 

40-50 - 

60-60 

60-70 

70-80.... 

80-90 

90-100 

100-150 

150-200. 

200-250 

250-300 

300-400.... 

400-500. 

500-750 

750-1,000 

1,000-1,500 

1,, '500-2,000... 

2,000-3,000 

3,000-4,000... 

4,000-5,000. 

5,000 and over 

'Classes grouped '. 



Total. 



Number 
of re- 
turns 



288, 910 

10,684 

660, 160 

427, 115 

335, 505 

355, 151 

343, 618 

155, 829 

497, 253 

126, 999 

218, 080 

162, 963 

77, 059 

157, 185 

25, 171 

126, 270 

11,396 

95,549 

6,970 

125, 672 

84, 618 

55, 249 

38,546 

28, 787 

22, 320 

17, 574 

13, 995 

11,811 

9,797 

31,477 

16, 590 

9,763 

10,690 

5,576 

3,256 

1,948 

1.319 

923 

587 

1,395 

523 

236 

137 

132 

74 

80 

29 

23 

8 

2 

7 

1 



Net income 



$193,095,264 

5, 804, 301 

787, 819, 357 

554, 731, 840 

581, 578. 672 

610, 697, 979 

780, 605, 305 

344, 615, 483 

1,352,711,957 

353, 650, 704 

697, 648, 774 

530, 306, 973 

284, 625, 865 

588, 728, 512 

105, 912, 712 

535. 292, 371 

53, 842, 296 

452. 749, 379 

37, 865, 848 

686, 589, 069 

546, 931, 490 

412, 520, 999 

326, 653, 406 

272, 841, 665 

233, 830, 850 

201, 744, 979 

174,654,985 

159. 202, 389 

141.941,600 

541, 397, 650 

369, 499, 032 

266, 684, 544 

367, 580, 930 

248, 043, 638 

177, 663, 517 

125, 891, 921 

98, 453, 227 

78, 050. 598 

5.5,712,980 

166, 379, 030 

90, 053. 559 

52, 500, 792 

37, 356, 833 

45, 103. 350 

32, 803, 995 

48, 904, 407 

24, 906, 873 

27, 517, 660 

13, 575, 172 

l2) 
23, 416, 523 
(2) 



Tax 



Total 



9, 120, 771 



4,575,012 14,909,812,025 



Nontaxable returns ' 2, 464, 122 

Taxable returns 2, 110,890 



4, 875, 706, 050 
10, 034, 105, 975 



$124, 619 
"2^930,"3i8' 



7, 128, 153 
'5,' 400," 604" 



3, 910, 235 



4, 241, i 



5, 263, 617 
"5,' 626," 587" 
'5,' 605" 689" 



10, 740, 592 

10, 043, 721 

9, 507, 834 

9, 296, 744 

9, 139, 366 

9, 785, 190 

8. 431, 734 

7, 938, 471 

7, 793, 938 

7. 445, 010 

33, 229, 759 

29, 130, 046 

25, 938, 816 

44, 235, 716 

36, 495, 908 

30, 822, 727 

25, 074, 966 

22,110,409 

19, 427, 062 

15,380,772 

54, 132, 460 

35,021,995 

22, 276, 396 

16, 740, 391 

21, 191, 967 

16, 053, 008 

25, 017, 085 

13, 306, 230 

15, 226, 671 

7, 565, 558 

(2) 

13, 414, 915 

(2) 



5, 292, 078 



Normal 



$124, 619 
'2^930,'3i8' 



7, 128, 153 



5, 400, 604 
'3,"'9iO,'235' 



4, 241, 986 



5, 263, 617 



5, 606, 275 



5, 556, 560 



9, 988, 092 
8, 828, 485 
7, 339, 430 
6, 186, 564 
.5, 418, 787 
4, 795, 449 

4, 195, 529 
3, 659, 041 
3, 403, 724 
3,057,441 

11,787,682 
8, 178, 049 

5, 783, 656 
7, 750, 091 
4, 997, 441 
3, 508, 780 
2, 324, 626 
1, 828, 620 

1, 427, 136 
1,115,491 

2, 729, 708 
1, 264, 220 

676, 862 
487, 477 
55«, 661 
324, 511 
389, 594 
263, 472 
268, 025 

24, 124 

(0 
6,811 



84, 272 



657, 439, 343 



657, 439, 343 



152, 814. 218 



Surtax 



$20, 312 
'"49,"i29" 



752, 500 
1, 215. 2,36 
2, 168, 404 
3,110,180 

3, 720, 579 

4, 989, 741 
4, 236, 205 
4, 279, 430 
4, 390. 214 
4, 387, 569 

21, 442, 077 
20, 951, 997 
20, 155, 160 
36, 485, 625 
31, 498, 467 
27, 313, 947 
22, 750, 340 

20, 281, 789 
17, 999, 926 
14,26,5,281 
51. 402, 752 
33, 757, 775 

21, 599, 534 
16,252,914 
20. 633, 306 
15, 728, 497 
24,'627, 491 
13, 042, 758 
14, 958, f.46 

7,541,434 

(2) 

13, 408, 104 

0) 



5, 207, 806 



504, 625, 125 



Average 



Total tax 



$11. 66 



20.07 



34.66 



30.79 



26.03 
"33^49 



44.56 



58.67 



85.47 
118. 69 
172.09 
241. 19 
317. 48 
438.40 
479. 78 
567. 24 
659. 89 
759. 93 
1, 055. 68 

1, 755. 88 

2, 656. 85 
4, 138. 05 
6, 545. 18 
9, 466. 44 

12, 872. 16 
16, 763. 01 
21,047.74 
26, 202. 34 
38, 804. 63 
66, 963. 66 
94, 391. 51 
122, 192. 64 
160, 545. 20 
216, 932. 54 
312, 713. 56 
458, 835. 52 
662,029.17 
945, 694. 75 

1, 916, 416. 43 
(») 



1, 764, 026. 00 



152,814,218 I 504,625.125 



143. 70 



311.45 



For footnotes, see p. 76. 



STATISTICS OF INCOME 



75 



Table 2. — Individual returns for 1935 by net income classes, showing number of 
returns, net income and tax, average tax, effective tax rate, personal exemption and 
credit for dependents, and earned income credit — Continued 



IFor text defining certain items and describing methods of tabulating and estimating data, 


see pp. 1-4] 




Tax- 
Continued 


Personal exemption and credit for dependents 




Net income classes 
(Thousands of dollars) 


Average- 
Continued 


Total 


Personal 
exemption 


Credit for 
dependents 


Earned 
income 
credit 




Effective 
tax rate 
(percent) 




Under 1 (est.) ' 




$477, 823, 298 

873, 500 

1, 194, 938, 465 

423, 087, 236 

857, 403, 601 

364, 542, 150 

931, 874, 891 

166, 916, 909 

1, 461, 347, 649 

211,006,487 

701, 548, 955 

359, 883. 582 

261, 466. 595 

386, 021. 087 

82, 874, 309 

326, 475. 447 

34, 168, 228 

252, 974. 290 

21, 802, 648 

328, 658, 156 

220, 975, 971 

144,117,473 

99, 109, 630 

73, 382, 990 

56.012,045 

43, 895, 652 

34, 564, 300 

29, 437. 884 

24, 250, 685 

76, 062, 300 

39, 680, 492 

23. 265, 687 

1:5, 139,950 

12,824,480 

7, 732, 555 

4. 481. 822 

2, 996. 9.38 

2, 092, 670 

1.32,5,683 

3,150,568 

1, 203, 392 

487. 724 

281, 992 

268, 3.58 

158, 525 

154. 415 

69, 363 

38, 599 

20,200 

(2) 

14, 650 
(2) 


.$440, 912, 065 

791, 956 

1, 057, 228, 155 

422,445,118 

7.50, 252, 124 

353, 957, 524 

829, 799, 574 

157, 644, 988 

1, 226, 898, 079 

205, 398, 202 

534, 892, 422 

343, 158, 134 

185, 560, 413 

347, 702, 268 

57, 892, 927 

281,375,266 

24, 770, 133 

212,966.929 

16, 576, 190 

271, 460, 6.58 

181, 924. 399 

117.785,495 

81, 197, 329 

60, 103, 388 

46, 210, 363 

36, 201, 032 

28, 530, 377 

24, 053. 296 

19, 859, 083 

62,982,133 

32,861,848 

19, 260, 051 

20, 801, 484 
10,721,939 

6. 316, 876 
3,754,143 
2,525,125 

1, 766, 404 
1,117.764 

2, 696, 300 
1, 018, 291 

425, 621 

244, 959 

240. 458 

146. 558 

142, 415 

59, 396 

36, 999 

17,500 

(2) 

12, 250 
(2) 


$36,911,233 

81,544 

137, 710, 310 

642, 118 

107, 151, 477 

10, 584, 626 

102, 075, 317 

9, 271, 921 

234, 449, 570 

5, 608, 285 

166, 656, 533 

16,725,448 

75, 900, 182 

38, 318, 819 

24, 981, 382 

45, 100, 181 

9, 398, 095 

40, 007, 361 

5, 226, 458 

57, 197, 498 

39,051,572 

26,331,978 

17,912,301 

13, 279, 602 

9,801,682 

7, 694, 620 

6, 033. 923 

5, 384, 588 

4,391,602 

13. 080, 257 

6, 818, 644 

4, 005. 636 

4, 338. 466 

2. 102. .541 

1. 415. 679 

727. 679 

471. 813 

326, 266 

207,919 

454. 268 

185. 101 

62. 100 

37, 033 

27. 900 

11,967 

12, 000 

9, 9fi7 

1,600 

2,700 

(2) 

2,400 


$3, 957, 081 


Under 1 (est.) 


2.15 


580, 430 


1-1.5 (est.) ' 


47, 720, 488 


1-1.5 (est.) 


.53 


55, 473, 184 


1.&-2 (est.) ' 


22, 160, 669 


1.5-2 (est.) -.- - 


1.17 


61,069,798 


2-2.5 (est.) ' 


28, 932, 808 


2-2.6 (est.)-. 


1.57 


34, 461, 548 


2.5-3 (e.st.) ' 


83, 023, 879 


2.5-3 (est.) - 


1.11 


35. 365, 070 


3-3.5 (est.) 1-- 


43, 690, 120 


3-3.5 (est.). 


.80 


51. 643. 881 


3.5-4 (est.) '.. 


1.8, 431, 978 


3.5-4 (est.)- -- 


.89 


55, 077, 888 


4-4.5 (est.) > - - 


6, 272, 291 


4-4.5 (est.)- - 


1.05 


48, 718. 841 


4.5-5 (est.) •- — 


2. 720, 994 


4.5-5 (est.)- 


1.24 


40, 165, 103 


5-61 


1, 849, 485 


5-6 


1..56 

1.84 

2.30 

2.85 

3.35 

4.18 

4.18 

4.55 

4.90 

5.25 

6.14 

7.88 

9.73 

12.03 

14.71 

17. 35 

19.92 

22.46 

24.89 

27.61 

32.54 

38.89 

42. 43 

44.81 

46. 99 

48.94 

51.16 

53.42 

55.33 

55.73 

57.29 
(2) 


57, 435, 963 


6-7- - 


42. 509, 969 


7-8 


30, 685, 467 


8-9 


23, 228, 822 


9-10 


18,734,811 


10-11 


15, 590, 858 


11-12 


12, 999. 029 


12-13 - - 


10. 903, 832 


13-14 

14-15 - 


9. 723, 765 
8,261,188 


15-20- -.- 


26, 600, 938 


20-25 - - 


14.307.872 


25-30 - 


8, 474. 081 


30-40 


9, 287, 060 


40-50 


4. 850. 759 


50-60 - 


2, 946, 753 


60-70 


1, 704, 629 


70-80 


1, 1.57, 175 


80-90 


833, 465 


90-100 


511,596 


100-150 


1,218,266 


150-200 


456. 657 


200-250 -.- 


196,389 


2,'i0-.300- -.- - 


11,5,439 


300-400.. 


98, 253 


400-500 


45, 829 


500-750 . 


53, 496 


750-1,000 - 


23, 356 


1,000-1, .500 - 


14, 133 


1,500-2,000 -- 


6,800 


2,000-3,000 


(}) 


3,000-4,000 


4,440 


4,000-5 000 


0) 










58.02 


4.150 


3,750 


400 


900 






Total - -- 


4.41 


9, 772, 888, 716 


8, 484, 700, 154 


1, 288, 188, 562 


944, 357, 524 






Nontaxable returns ' 




6, 025, 248, 639 
3, 747, 640. 077 


5, 124, 782, 082 
3, 359, 918, 072 


900, 466, 557 
387,722,005 


258, 759, 791 


Taxable returns 


6.55 


685, 597, 733 







> 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. 



76 



STATISTICS OF INCOME 



Table S.— Individual returns for 1935 by net income classes, shoxoing simple and 
cumulative distribution of number of returns, net income and tax, and percent- 
ages 

[Net income classes and money figures in thousands of dollars] 
[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4] 



Net income classes 



Returns 



Simple distribution 



Number 



Percent 
of total 



Cumulative distri- 
bution from high- 
est income class 



Number 



Percent 
of total 



Cumulative distri- 
bution from lowest 
income class 



Number 



Percent 
of total 



Under 1 (est.)- 

1-2 (est.)- 

2-3 (est.) 

3-4 (est.). 

4-6 (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 '. 



299, 594 

, 777, 931 

123, 699 

615. 287 

258, 386 

132, 642 

84, 618 

55. 249 

38, 546 

28, 787 

22. 320 

17, 574 

13, 995 

11.811 

9.797 

31.477 

16, 590 

9,763 

10. 690 

5,576 

3.256 

1,948 

1,319 

923 

587 

1,395 

523 

236 

137 

132 

74 

80 

29 

23 



6.55 
38.86 
24.56 
13.45 
5.65 
2.90 
1.85 
1.21 
.84 
.63 
.49 
.38 
.31 
.26 
.22 
.69 
.36 
.21 
.23 
.12 
.07 
.04 
.03 
.02 
.01 
.03 
.01 
.01 



4,575.012 

4, 275, 418 

2, 497, 487 

1, 373, 788 

758, 501 

500.115 

367. 473 

282. 855 

227, 606 

189. 060 

160. 273 

137, 953 

120. 379 

106. 384 

94, 573 

84, 776 

53. 299 

36. 709 

26, 946 

16. 256 

10. 680 

7,424 

5,476 

4,157 

3, 234 

2,647 

1,252 

729 

493 

356 

224 

150 

70 

41 

18 

10 

8 

1 



100. 00 

93.45 

54.59 

30.03 

16.58 

10. 93 

8.03 

6.18 

4.97 

4.13 

3.50 

3.01 

2.63 

2.32 

2.06 

1.84 

1.15 

.79 

.58 

.35 

.23 

.16 

.12 

.09 

.07 

.06 

.03 

.02 

.01 

.01 

.01 

0) 

(') 

(') 

(') 

(') 

(') 

(') 



299, 594 
2, 077, 525 

3, 201, 224 
3,816,511 
4, 074. 897 

4. 207, 539 
4, 292. 157 
4, 347, 406 
4, 385, 952 
4,414,739 
4, 437. 059 
4, 454. 633 
4, 468. 628 
4, 480. 439 
4. 490, 236 
4, 521, 713 
4, 538, 303 
4. 548, 066 
4, 558, 756 
4, 564, 332 
4, 567, 588 
4, 569, 536 
4, 570, 8.55 
4, 571, 778 
4, 572, 365 
4, 573, 760 
4. 574, 283 
4, 574, 519 
4, 574. 656 
4, 574, 788 
4, 574. 862 
4. 574, 942 
4. 574, 971 
4, 574, 994 
4, 575, 002 
4. 575, 004 
4,575,011 
4,575,012 



6.55 
45.41 
69.97 
83.42 
89.07 
91.97 
93.82 
95.03 
95.87 
96.50 
96.99 
97.37 
97.68 
97.94 
98.16 
98.85 
99.21 
99.42 
99.65 
99.77 
99.84 
99.88 
99.91 
99.93 
99.94 
99.97 
99.98 
99.99 
99.99 
99.99 
99.99 
99.99 
99.99 
99.99 
99.99 
99.99 
99.99 
100. 00 



Total 4, 575, 012 



100. 00 



> Less than one-hundredth of 1 percent. 

> Classes grouped to conceal identity of taxpayer. 



STATISTICS OF INCOME 



77 



Table 3. — Individual returns for 1935 by net income classes, showing simple and 
cumulative distribution of number of returns, net income and tax, and percent- 
ages — Continued 

[Net income classes and money figures in thoosands of dollars] 



Net income classes 



Under 1 (est.)- 

1-2 (est.) 

2-3 (est.) 

3-4 (est.) 

4-5 (est.) 

5-6 

6-7- - 

7-8 



9-10 

10-11 

11-12 

12-1.3. 

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 

200-2.50 

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 14, 909, 812 



Net income 



Simple distribution 



Amount 



198, 900 
534, 828 
831,583 
101, 310 
147. 797 
724, 455 
546, 931 
412, 521 
326, 653 
272, 842 
233, 831 
201, 745 
174, 655 
169, 202 
141, 942 
541.398 
369. 499 
206, 685 
367. 581 
248, 044 
177, 664 
125,892 
98, 453 
78, a51 
55, 713 
166, 379 
90, 054 
52, 501 
37, 357 
45, 103 
32. 804 
48,904 
24.907 
27. 518 
13. 575 
(2) 
23, 417 



9,121 



Percent 
of total 



1.34 

17.00 

18.99 

14.10 

7.70 

4.86 

3.67 

2.77 

2.19 

1.83 

1.57 

1.35 

1.17 

1.07 

.95 

3.63 

2.48 

1.79 

2.47 

1.66 

1.19 

.84 

.66 

.52 

.37 

1.12 

.60 

.35 

.25 

.30 

.22 

.33 

.17 

.18 

.09 

(2) 

.16 



.06 



100. 00 



Cumulative distri- 
bution from high- 
est income class 



Amount 



14, 909, 812 

14,710,912 

12, 176, 085 

9. 344, 501 

7, 243, 191 

6. 095, 394 

5, 370. 939 

4. 824, 008 

4,411,487 

4, 084, 833 

3,811,992 

3, 578. 161 

3, 376, 416 

3, 201, 761 

3, 042, 559 

2, 900, 617 

2. 359, 219 

1, 989, 720 

1. 723. 036 

1, 355. 455 

1,107,411 

929, 748 

803, 856 

705, 403 

627, 352 

571, 639 

405. 260 

315, 206 

262. 706 

225, 349 

180, 245 

147.441 

98, 537 

73, 630 

46, 112 

(2) 

32, 537 
(2) 



9,121 



Percent 
of total 



100. 00 

98.66 

81.66 

62.67 

48.57 

40.87 

36.01 

32. 34 

29.57 

27. 38 

25.55 

23.98 

22.63 

21.46 

20.39 

19.44 

15.81 

13.33 

11.54 

9:07 

7.41 

6.22 

5.38 

4.72 

4.20 

3.83 

2.71 

2.11 

1.76 

1.51 

1.21 

.99 



Cumulative distri- 
bution from lowest 
Income class 



Amount 



198, 900 
2, 733, 727 
5,565,311 
7, 666, 621 
8,814,418 
9, 538, 873 
10, 085, 804 
10, 498, 325 
10, 824, 979 
11,097,820 
11,331,651 
11, ,533, 396 

11, 708, 051 
11,867,253 
12. 009. 195 

12, 550, 593 
12, 920. 092 
13, 186, 776 
13, 554, 357 
13, 802, 401 

13, 980. 064 
14,105.9.56 

14, 204, 409 
14. 282, 4«0 
14, 338, 173 
14, .504, 552 
14, 594. 606 
14, 647, 106 
14, 684, 463 
14, 729, 507 
14, 762, 371 
14,811.275 
14, 836, 182 
14, 863, 700 
14, 877. 275 

(2) 
14, 900, 691 



14, 909, 812 



Percemt 
of total 



1.34 
18.34 
37.33 
51.43 
59.13 
63.99 
67.66 
70.43 
72.62 
74.45 
76.02 
77.37 
78. 54 
79.61 
80.56 
84.19 
86.67 
88.46 
90.93 
92.59 
93.78 
94.62 
95.28 
95. 80 
96.17 
97.29 
97.89 
98.24 
98.49 
98.79 
99.01 
99.34 
99.51 
99.69 
99.78 

99.94 
(>) 



100. 00 



2 Classes grouped to conceal identity of taxpayer. 



78020 — 38- 



78 



STATISTICS OF INCOME 



Table 3. — Individual returns for 1935 by net income classes, showing simple and 
cumulative distribution of number of returns, net income and tax, and percent- 
ages — Continued. 

[Net income classes and money figures in thousands of dollars] 





Tax 


Net income classes 


Simple distribution 


Cumulative distri- 
bution from high- 
est income class 


Cumulative distri- 
bution from lowest 
income class 




Amount 


Percent 
of total 


Amount 


Percent 
of total 


Amount 


Percent 
of total 


Under 1 (est.) 


125 
10, 058 
9,311 
9,506 
11,232 
10, 741 
10, 044 
9.508 
9,297 
9,139 
9.785 
8.432 
7.938 
7,794 
7. 445 
33, 230 

29. 130 
25. 939 
44. 236 
36. 496 

30. 823 
25. 075 
22.110 
19,427 
15.381 
.54.132 
35. 022 
22. 276 
16. 740 
21.192 
16.0.53 
2,5. 017 
13. 306 
15. 227 

7,566 
(2) 

13.415 
(2) 


0.02 
1.53 
1.42 
1.45 
1.71 
1.63 
1.53 
1.45 
1.41 
1.39 
1.49 
1.28 
1.21 
1.19 
1.13 
5.05 
4.43 
3.95 
6.73 
5.55 
4.69 
3.81 
3.36 
2.95 
2.34 
8.23 
5.33 
3.39 
2.55 
.3.22 
2.44 
3.81 
2.02 
2.32 
1.15 

(2) 
2.04 

(2) 


657, 439 
657, 315 
647, 256 
637. 945 
628. 440 
617, 208 
606, 467 
596. 423 
586. 915 
577, 619 
568, 479 
558. 694 
550. 262 
542. 324 
534. 5.30 
527. 085 
493, 855 
464, 725 
438, 786 
394. 551 
358. 055 
327. 232 
302, 157 
2S0, 047 
260, 620 
245, 239 
191,106 
156, 084 
133, 808 
117,068 
95, 876 
79, 823 
54, 805 
41. 499 
26, 273 
(2) 

18,707 
(2) 


100. 00 
99.98 
98.45 
97.03 
95,58 
93.87 
92.24 
90.71 
89.26 
87.85 
86.46 
84.97 
83.69 
82.48 
81.29 
80.16 
75.11 
70.68 
66.73 
60.00 
54.45 
49.76 
45.95 
42.59 
39.64 
37.30 
29.07 
23.74 
20.35 
17.80 
14.58 
12.14 
8.33 
6.31 
3.99 
(2) 

2.84 
(2) 


126 

10, 183 

19, 494 

29, 000 

40, 232 

50, 972 

61,016 

70, 524 

79, 821 

88, 960 

98, 745 

107, 177 

11.5,115 

122, 909 

130, 354 

163.584 

192.714 

218, 653 

262. 889 

299, 385 

330. 207 

355, 282 

377. 393 

396. 820 

412, 201 

466, 333 

501,355 

523.631 

540, 372 

561, 564 

577, 617 

602, 634 

615,940 

631. 167 

638. 732 

(2) 

652, 147 
(2) 


0.02 


1-2 (est.) 


1.55 


2-3 (est.) 


2.97 


3-4 (est.) 


4.42 


4-5 (est.) -- 


6.13 


5-6 


7.76 


6-7 . -- 


9.29 


7-8 --- 


10.74 


8-9 


12.15 


9-10 


13.54 


10-11 


15.03 


11-12 


16.31 


12-13 


17.52 


13-14 


18.71 


14-15 


19.84 


15-20 


24.89 


20-25 . 


29.32 


25-30 


33.27 


30-40 


40.00 


40-50 


45.55 


50-60 - 


50.24 


60-70 - 


54.05 


70-80 --- 


57.41 


80-90 


60.36 


90-100 


62.70 


100-1.50 


70.93 


150-200 . -. 


76.26 


200-2.50 


79.65 


250-300 


82.20 


300-400 -- 


85.42 


400-500 


87.86 




91.67 


7.50-1,000 


93.69 




96.01 


1,.500-2,000 


97.16 


2,000-3,000 


(2) 


3,000-4,000 


99.20 


4,000-5,000 


(.') 








5,292 


.80 


5,292 


.80 


657, 439 


100. 00 






Total 


657, 439 


100. 00 





















« Classes grouped to conceal identity of taxpayer. 



STATISTICS OF INCOME 



79 



Table 4. — Individual returns for 1935 by States and Territories, showing number of 
returns and net income by sex and family relationship 

[Money figures in thousands of dollars] 



States and Territories 



Joint returns of hus- 
bands, wives, and 
dependent children 
and returns of either 
husband or wife 
when no other re- 
turn is filed 



Number 
of returns 



Net 
Income 



Separate returns of husbands and wives 



Men 2 



Number 

of 
returns 



Net 
income 



Women • 



Number 

of 
returns 



Net 
income 



Alabama 

Arizona.- 

Arkansas 

California 

Colorado 

Connect icut 

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 



14, 937 
6,784 

8,948 
156, 266 

17, 581 
37, 172 

4,979 

33, 690 

19, 298 

25, 131 

6,598 

4,882 

156, 048 

40, 650 

29, 235 

22, 836 

18, 750 
17, 758 
10, 160 
45, 302 

105, 706 
83, 157 
35, 054 

8,092 
63, 561 

9,189 
17, 327 

2,886 

7,623 
104, 966 

4,840 
380, 146 
20, 026 

6,037 

107, 181 

28, ISl 

15, 052 

179, 139 

12, 943 

9,366 

5,480 
22, 764 
60, 193 

8,412 

4,408 
28, 705 
30, 314 
17, 221 
50, 581 

4,471 



52, 686 
19, 613 

30, 848 
495, 620 
63, 206 
147, 791 
19, 948 
131, 788 
76, 067 
92, 764 
24, 067 

15, 202 
632, 554 
147, 730 

90, 301 

73, 889 

70,319 

54,048 

36, 365 

176, 289 

381, 751 

323, 189 

128, 376 

24, 747 

200, 313 

34, 767 

61,416 

9,016 

26, 308 

396, 920 

13,891 

1, 469, 142 

73, 347 

15. 887 

41.3. 158 

94,123 

54, 902 

659, 327 

51,013 

31,015 

16, 557 
84,310 

183, 037 
26, 978 
16, 137 

102, 616 
92, 560 
60, 792 

145, 675 
14, 409 



469 
638 
224 
11,447 
625 

2,852 
487 

2,294 

3,559 
950 
355 
530 

7,781 

1,473 
861 
743 
900 

1,854 
542 

2,590 
10, 340 

2,509 

1,455 
293 

2,558 
247 
490 
167 
429 

5,780 

3S7 

25, 280 

900 

132 

5, 1S7 

1, 132 
561 

8,087 
926 
327 
109 
770 

7,509 
334 
216 

1,138 

2,662 
593 

2,547 
116 



4,560 

2,026 

1,787 

51, 968 

8,649 

42, 161 

18, 187 

17, 024 

21, 078 

11,260 

5,571 

1,691 

114, 148 

18, 593 

8,100 

6,361 

9,661 

5,596 

6,185 

25, 334 

98, 596 

47, 249 

19, 682 

1,774 

33, 696 

1,879 

4,893 

1,529 

4,475 

72, 135 

1,210 

411,601 

14, 253 

727 

65,513 

10, 128 

4,767 

116,822 

12, 637 

2, 663 

913 

8, 204 

22, 831 

2.399 

1,787 

12, 435 

8,847 

6,723 

19,888 

1,589 



2, 100, 026 



7, 656, 773 



124, 355 



1, 391, 784 



487 
616 
226 
11,405 
702 

2,866 
403 

2,043 
930 
813 
309 
540 

6,674 

1, 315 
781 
590 
727 

1,898 
554 

2,581 

6,897 

2,456 

1,240 
229 

2,040 
193 
440 
159 
413 

5,437 

387 

20, 236 

809 

121 

4,313 
995 
404 

6,463 
701 
287 
115 
637 

7, 536 
200 
179 
898 

2,599 
512 

2,079 
124 



105, 659 



2,012 
1,897 
1,055 

45, 074 
3,762 

19, 876 
6,260 
8,603 
9,121 
5,156 
2,176 
1,674 

41, 228 
7,505 
2,930 
2,343 
3,635 
5,490 
2,820 

13, 051 

38, 622 

18, 856 

7,360 

887 

12, 947 

777 

1,627 

801 

2,094 

34, 358 

1,047 

163, 623 

5,504 

311 

26, 762 
4,250 
1,774 

49, 708 

6.303 

918 

326 

3,583 

21,999 

975 

837 

5,588 

8,153 

2,401 

7,057 

504 



616, 621 



For footnotes, see p. 81. 



80 



STATISTICS OF INCOME 



Table 4. — Individual returns for 1935 by States and Territories, showing number of 
returns and net income by sex and family relationship — Continued 

[Money figures in thousands of dollars] 



States and Territories 



Heads of families 



Single men and 
married men 
not living 
with wives 



Num- 
ber of 
returns 



Single women 
and married 
women not liv- 
ing with hus- 
bands 



Net 



Num- 
ber of 
returns 



Net 



Not heads of families 



Single men and 
married men not 
living with 
wives 



Num- 
ber of 
returns 



Net 
in- 
come 



Single women 
and married 
women not liv- 
ing with hus- 
bands 



Num- 
ber of 
returns 



Net 



Alabama - 

Arizona..- 

Arkansas 

California -- 

Colorado 

Connecticut 

Delaware 

District of Columbia 

Florida -- 

Georgia 

Hawaii. 

Idaho 

Illinois 

Indiana 

Iowa 

Kansas... 

Kentucky.. 

Louisiana 

Maine 

Maryland 

Massachusetts 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana.. 

Nebraska 

Nevada 

New Hampshire 

New Jersey 

New Mexico.. 

New York 

Nortli Carolina 

North Dakota 

Ohio.. 

Oklahoma 

Oregon 

Pennsylvania- 

Khode Island 

South Carolina 

South Dakota 

Tennessee 

Texas 

Utah.. 

Vermont 

Virginia 

Washington ' 

West Virginia 

Wisconsin 

Wyoming 

Total 



1,336 

487 

691 

18, 050 

2,272 

6,933 

702 

3.764 

2,023 

2,711 

957 

620 

26. 489 

4. 735 

3, 554 

1.972 

3,325 

2, 384 

1, 453 

5,645 

18, 191 

13, 176 

4,398 

691 

8,468 

1,488 

1,600 

362 

994 

18, 838 

328 

64,612 

1.879 

458 

22. 887 

2,384 

2,443 

25. 906 

2,839 

911 

532 

3,268 

4,870 

922 

964 

3,771 

4.489 

3, 520 

5,832 

453 



3,514 
1,175 
1,773 

45, 925 
5,460 

16, 827 
2,648 

11,606 
5,718 
7,171 
2,108 
1,311 

67, 859 

11, 403 
7,654 
4,355 
7,768 
5,856 
3, 327 

16, 061 

43, 632 

30, 319 

10, 653 
1,707 

19, 651 
3,032 
4,040 
928 
2.241 

45, 037 

854 

173, 436 

5,412 

985 

4S, 853 
5,941 
4,941 

65, 972 
6.763 
2,197 
1,166 
7.992 

12. 929 
2,120 
2,094 
8,779 
9,136 
7,205 

12, 960 
1,116 



587 

238 

411 

11,690 

980 

4,119 

391 

5,252 

1,218 

2,517 

400 

274 

14, 905 

2,037 

1,631 

1,021 

1,751 

1,582 

652 

3, 352 

10, 398 

3,945 

2, 080 

479 

4,814 

590 

865 

120 

619 

9,208 

187 

38, 993 

1.107 

169 

8,884 

1,757 

1,487 

13, 327 

1,474 

486 

166 

1.271 

3,761 

447 

583 

2.154 

2,235 

1,136 

2,788 

115 



1,454 

660 

1,067 

30, 813 
2,686 

10, 806 
2,619 

11, 982 
3,672 
5,085 
1,147 
478 

32, 610 
4, 3.55 
2,914 
2,137 
3,728 
3,463 
1.556 
8,315 

22, 541 
10, 193 

4,913 
1, 125 
9,937 
1,090 
1,599 
296 
1,384 

23, 548 
421 

97, 419 

3,467 

275 

18, 985 

3,330 

2.484 

36, 343 

3,701 

1, 161 

322 

2,794 

11,514 

750 

1, 1.30 

4,838 

4,273 

2,450 

5,281 

333 



5,435 
3, 243 

2. 182 
82,811 

7,342 

27, 292 

2,308 

21, 535 

6,329 

8,325 

2,921 

2.853 

81, 5.54 

21, 436 

13, 483 

7,533 

8, 853 

7,566 

4,465 

19, 359 

53, 647 

48, 270 

17,451 

2.428 

23, 730 
6,373 
5,983 
2,080 
3.971 

46, 095 

1,685 

177, 089 

6, 231 
2.147 

69, 022 
6.136 
9,270 

96, 034 

7, 79G 

3. 250 
2,165 

8, 9.58 

24, 369 
2, 459 
2, 390 

11,245 
16,9)2 
10, 356 
26. 019 



10, 630 

6. 000 

4.206 

167, 785 

13, 846 

52. 050 

6,081 

39, 732 

15, 730 

17, 142 

5,946 

4,682 

166, 363 

36, 966 

22. 415 

13, 883 

17, 837 

13, 988 

9,419 

41, 596 

11.3,014 

92, 067 

31,001 

4,274 

47, 7.56 

11,463 

11,799 

3,910 

7,184 

87,4(19 

3,229 

401,639 

13, 254 

3,457 

123, 584 

12. 785 

15,213 

19.5, 771 

15, 615 

5, 500 

3, 703 

18, 434 
50, 454 

4,176 

4.158 

23, 229 

33, 362 

19, 285 
41,115 

4.567 



2, 683 


4,813 


1,358 


2,361 


1,323 


2,389 


56, 933 


121, 650 


3, 544 


8,960 


18, 634 


45, 133 


1,857 


5,898 


26, 319 


46, 196 


4,309 


10, 837 


6,030 


11,493 


1,632 


5,224 


903 


1,456 


49, 738 


100,018 


10, 391 


17, 859 


7, 6 4 


12, 580 


4, 354 


7,668 


6,136 


10, 957 


4,628 


8,617 


3,728 


8,820 


13, 184 


31, 362 


48, 7S8 


110, 122 


19, 273 


38, 070 


9,984 


17, 537 


1,288 


2,238 


14, 443 


29, 294 


1,790 


3,204 


4,284 


7,118 


397 


962 


3,349 


6,978 


31, 555 


66, 614 


1,099 


1,958 


37, 230 


334, 107 


4,663 


8,449 


930 


1,351 


27, 827 


59,245 


4,124 


7,459 


3, a86 


6,464 


57, 452 


128,919 


.5,904 


15, 116 


2,076 


3,296 


948 


1,568 


4,441 


8,406 


13, 788 


26,743 


1,240 


2.261 


2,061 


3,849 


6,481 


12, 612 


7,708 


15, 200 


3,598 


7,207 


15, 095 


23,606 


583 


1,067 



312, 557 



771, 608 



170,653 409,441 1.033,214 



068,702 660,703 1,415,313 



For footnotes, see p. 81. 



STATISTICS OF INCOME 



81 



Table 4, — Individual returns for 1935, by States and Territories, shoiuing number of 
returns and net income by sex and family relationship — Continued 

[Money figures in thousands of dollars] 





Community prop- 
erty returns ' 


Estates and trusts 


Grand total 


States and Territories 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 


Number 

of 
returns 


Net 
income 


Alabama 






207 

96 

80 
2,946 
429 
1,030 
244 
374 
295 
225 

90 

41 

2,668 

399 

579 

443 

321 

151 

272 

537 

3,518 

1,013 

596 

70 
756 

54 
264 

14 

289 

1,610 

52 

8,490 

198 

45 
1,587 
220 
170 
2,586 
426 
123 

67 
232 
809 

74 
102 
443 
381 
288 
844 

49 


776 

251 

227 

10. 836 

1,810 

5,659 

3,119 

1,735 

2,470 

892 

663 

218 

17,054 

1,569 

1,633 

769 

1,197 

479 

962 

4,882 

17, 049 

8,328 

3,296 

127 

4,474 

509 

620 

31 

891 

11, 135 

119 

55, 296 

1,193 

85 

10,428 

1,131 

762 

20, 522 

2,492 

260 

139 

1,833 

3, 832 

243 

302 

1,106 

1,272 

857 

3,009 

119 


26, 141 
13, 941 
14, 085 

367, 757 
33, 475 

100,898 
11,371 
95, 271 
38, 021 
46, 702 
13, 262 
11,005 

345, 857 
82, 436 
57, 788 
39, 492 
39, 763 
40, 123 
21, 826 
92, 550 

257, 495 

173, 799 
72,258 
13, 570 

110,370 
19,924 
31,253 
6,441 
17, C87 

223, 489 
9,272 

852, 076 
35,813 
10, 039 

246, 888 
44,909 
33, 273 

389,994 

33, 009 

16, 826 

9,582 

42, 341 

131, 447 
14,088 
10, 903 
54, 835 
69,919 
37, 224 

105, 785 
8,739 


80,444 


Arizona 


481 


4,315 


38,298 


Arkansas 


43, 351 


California 


16, 209 


202, 633 


1, 172, 303 


Colorado 


108, 379 


Connecticut 






340, 303 


Delaware.- 






64, 760 


District of Columbia 






268, 667 


Florida 






144, 693 


Georgia. 






150, 963 


Hawaii 






46, 902 


Idaho 


362 


3,091 


29, 803 


Elinois- 


1,171,834 


Indiana 






245, 980 


Iowa 






148, 526 


Kansas 






111,404 


Kentucky.. 






125, 101 


Louisiana . 


2,302 


25, 046 


122, 582 


Maine 


69, 455 


Maryland 






316, 888 


Massachusetts.. 






825, 327 


Michigan 






568, 270 


Minnesota 






222, 818 


Mississippi 






36, 879 


Missouri... 






358, 068 


Montana.. 






56, 720 


Nebraska 






93, 113 


Nevada „ 


256 


3,210 


20, 681 


New Hampshire. 


51, 554 


New Jersey 






737, 155 


New Mexico 


307 


2,670 


25, 400 




3, 106, 264 


North Carolina.. 






124, 880 


North Dakota 






23, 077 


Ohio 






766, 529 


Oklahoma 






139, 148 


Oregon 






91, 306 


Pennsylvania... 






1, 273, 383 


Rhode Island 






113,641 


South Carohna 






47, 010 


South Dakota 






24, 694 


Tennessee 






135, 557 


Texas.. 


8,612 


105, 825 


439, 163 


Utah... 


39, 903 


Vermont 






30, 294 








171, 204 


Washington' 


2,619 


25, 120 


197, 924 




106, 920 


Wisconsin.. 






258, 590 


Wyoming 






23, 703 










Total 


31, 148 


371,910 


36, 797 


208, 661 


4, 575, 012 


14, 909, 812 







' Includes Alaska. 

2 An unequal number ofseparate returns of husbands and wive^resultsfrom the use of the sample method 
for returns with net income of under $5,000 as the net income of one spouse may be $5,000 or over and that 
■of the other spouse under $5,000 (see discussion of sample, p. 2). 

' See text, p. 6. 



82 



STATISTICS OF INCOME 



Table 5. — Individual returns for 19SS btj net income classes and by sex and familtf 
relationship, showing number of returns and net income 

[Net income classes and money figures in thousands of dollars] 
[For text defining certain it^ms and describing methods of tabulating and estimating data, see pp. 1-4] 



Net income classes 



Joint retm-ns of hus- 
bands, wives, and 
dependent children 
and returns of either 
husband or wife 
whe-n no other re- 
turn is filed 



Separate returns of husbands and wives 



Number of 
returns 



Men* 



Xuinber 
Net income of re- Net income 

turns 



Women ' 



Number 
of re- 
turns 



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

1-1.5 (est.V 

1-1.5 (est.) 

1.5-2 (est.)" 

1.5-2 (est.) 

2-2.5 (est.)» 

2-2.5 (est.) 

2.5-3 (est.V 

2.5-3 (est.> 

3-3.5 (est. 1' 

3-3.5 (est.> 

S.5-^(est.)i 

3.5-4 (est.^ 

4-4.5 (est.1i 

4-4.5 (esl.1 

4.5-5 (esi.1' 

4.5-5 (est.) 

5-6>- 

5-6„ 

6-7 

7-S- 

&-9- 

9-10— 

10-11 

11-12. 

12-13... 

13-14 

14-15- 

15-20._ 

20-25 

25-30. 

30-W._ 

40-50. 

50-60 

60-70... 

70-80 

90-90.. 

S»>-liX>.-. 



2OC-2-50„-IIIIII"' 
250-^00. 

awMOO™ 

400-SOO.. 

500-750 

750-1,000 

1.000-1,500. 

1,500-2,000 

S.OGO-3.000 

8,000-1.000 

4,000-5.000 

5.000 and over 

Classes grouped *. 



92. 023 

42S 

115.6(59 

1.61S 

153. 02S 

3,992 

252,444 

4,578 

444,279 

51.260 

196.477 

113.031 

67. 419 

118. lis 

19.835 

95.909 

7,.=«7 

72,055 

4,937 

88,484 

56,779 

34,630 

22.881 

16,282 

11.897 

9.140 

6. 958 

5.685 

4.477 

13.083 

6,076 

3.099 

2.900 

1,328 

632 

341 

207 

138 

78 

150 

54 

13 

10 

3 

5 

5 

1 

2 

1 



55.006 

240 

146, 51S 

2,131 

269.337 

7.051 

577,727 

10, 377 

1, 208, 674 

146,853 

628,422 

368. 824 

248.774 

442. 675 

83.350 

406,663 

35,811 

341,323 

26,814 

4S3.086 

366,680 

258,317 

193,746 

154.255 

124.600 

104.903 

86.S37 

76,594 

61,863 

224.342 

134.985 

84,4M 

99.117 

58.883 

34,292 

22.056 

15,483 

11.653 

7.433 

17.651 

9.415 

2.958 

2,808 

1.041 

2,169 

2,954 

{♦) 

(*) 



4.675 



4.974 

1. 1S5 

4.526 

1,512 

4. 381 

3.799 

4,397 

4,482 

8,034 

4.957 

2.458 

5,416 

1,144 

6,078 

636 

5,635 

513 

4,801 

493 

5,278 

5,191 

4,541 

3,758 

3.295 

2,837 

2,357 

2,051 

i;936 

1,672 

6.252 

3,891 

2,659 

3,261 

1.799 

1.211 

n3 

507 

344 

251 

616 

212 

98 

57 

54 

29 

32 

16 

5 

4 

1 

5 

1 



2,936 

671 

5,635 

1.957 

7.573 

6,743 

9,988 

10, 105 

21, 897 

13. 698 

7,903 

17.641 

4,266 

22,805 

2,684 

23,879 

2,424 

22,794 

2,694 

28,987 

33,714 

33,985 

31, 910 

31,288 

29.772 

27.083 

25.603 

26.108 

24.224 

108.144 

86.772 

72,744 

112.403 

80.156 

66.086 

46,031 

37,851 

29,079 

23,766 

73,479 

36,693 

21,780 

15,446 

18,481 

12,680 

19. 321 

13,480 

5.947 

7,000 

(«) 

W 

(0 



23,474 



9.650 

8,600 

7. 057 

5.973 

3.564 

6,859 

2,378 

6,363 

1. 7.=;7 

5.702 

1,387 

5,287 

901 

5,252 

600 

4,693 

443 

3,996 

374 

3,665 

3.094 

2,336 

1,833 

1,503 

1,254 

1,053 

882 

769 

685 

2.459 

1,421 

867 

1,052 

626 

342 

211 

175 

96 

56 

162 

75 

41 

12 

22 

14 

8 

4 

3 

2 



Total , 2.10a026 7.656.773 124.355 1.391.784 1 105,559 



NoDtaiahle returns '. 
Taxable returns 



1.353,698 
746. 3K 



3. 280. 435 
4.376,338 



31.556 
92.799 



67.999 
1, 323, 785 



28.111 
77,448 



615. 621 



44.496 
571,125 



For footnotes, see p. S4. 



STATISTICS OF INCOME 



83 



Table 5. — Individual returns for 1935 by net income classes and by sex and family 
relationship, showing number of returns and net income — Continued 

[Net income classes and money figures in thousands of dollars] 



Net income classes 



Heads of families 



Single men and 
married men not 
living with wives 



Num- 
ber of 
returns 



Net in- 
come 



Single women and 
married women 
not living with 
husbands 



Num- 
ber of 
returns 



Net in- 
come 



Not heads of families 



Single men and 
married men not 
living with wives 



Number 
of re- 
turns 



Net in- 
come 



Single women and 
married women 
not living with 
husbands 



Num- 
ber of 
returns 



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

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. )i.... 

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 



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- 



10, 087 

8 

86,635 

102 

82, 177 

288 

52, 029 

404 

27,800 

2,340 

10,018 

5,385 

2,826 

5,804 

879 

4,859 

406 

3,523 

251 

4,357 

2,972 

1,927 

1,377 

976 

779 

608 

472 

414 

319 

1,052 

498 

294 

284 

129 

86 

55 

35 

25 

15 

38 

12 

5 

1 

3 

2 

1 



6,800 

5 

110, 510 

137 

141, 906 

507 

115, 675 

892 

75, 393 

6,668 

31,943 

17, 631 

10, 430 

21,716 

3,692 

20, 573 

1,920 

16, 683 

1,367 

23,801 

19, 229 

14, 406 

11,686 

9,257 

8,162 

6,992 

5,882 

5,574 

4.626 

18, 022 

11, 123 

8,010 

9,739 

5,719 

4,670 

3,554 

2,597 

2,125 

1,418 

4,610 

2,033 

1.080 

(«) 

1,025 
(*) 
0) 



7,710 

18 

70,525 

149 

43,816 

197 

18,423 

150 

7,802 

545 

3,165 

1,499 

1.507 

1,643 

744 

1,345 

480 

1,210 

616 

1,589 

1,549 

1,025 

767 

599 

478 

392 

344 

261 

225 

717 

366 

224 

217 

130 

64 

35 

31 

21 

11 

28 

17 

3 



5,382 
10 

88,603 
186 

74.938 
341 

40,895 
339 

21. 231 
1,546 j 

10,104 I 
4,904 
5,619 
6,170 
3. 153 
5,715 
2,267 
5,717 
3,362 
8,680 

10, 046 
7,655 
6,503 
5,674 
5,000 
4,494 
4,284 
3,522 
3,254 

12,338 
8,168 
6,127 
7,445 
5,804 
3,481 
2,257 
2,315 
1,769 
1,042 
3,413 
2,962 
691 



2,376 

1,346 

(«) 

(*) 

2.823 

0) 

0) 



1,821 



5,487 



82, 379 

225 

206,159 

255,957 

26,484 

225, 893 

5,534 

98,945 

2,231 

43, 145 

1,279 

21,541 

865 

13,226 

708 

8,700 

530 

6,095 

48 

7,656 

5,119 

3,571 

2,616 

1,959 

1,698 

1,249 

1,030 

855 

734 

2,410 

1,296 

776 

827 

467 

267 

187 

121 

100 

64 

125 

64 

26 

20 

12 

5 

9 

3 

4 



£9,301 

119 

234,197 

332, 674 

44,374 

389, 375 

12,229 

218, 276 

6,073 

117, 318 

4,106 

69,303 

3.221 

49, 274 

2,995 

36, 824 

2,520 

28,925 

258 

41,869 

33, 117 

26,728 

22,199 

18,568 

17, 785 

14,330 

12,860 

11, 539 

10,648 

41, 492 

28,971 

21, 246 

28,486 

20,941 

14,585 

12,128 

9,006 

8,476 

6,051 

15, 131 

10, 792 

5,715 

5,415 

4,060 

2,199 

5,474 

2,873 

4,653 



312,557 I 771,608 I 170,653 ^ 409,441 1,033,214 2,068,702 660,703 1,415,313 



71, 979 

220 

167.064 

158, 375 

20,756 

111, .579 

7,772 

39,017 

4,837 

17, 760 

2,882 

9,830 

2,147 

6,215 

1,539 

4,410 

1,251 

3,350 

126 

5,762 

3,916 

2,912 

2,249 

1,777 

1,374 

1,194 

992 

911 

763 

2,630 

1,495 

936 

1,043 

566 

324 

183 

125 

94 

52 

152 

53 

27 

21 

21 

9 

11 



Nontaxable returns ' 
Taxable returns 



273,108 ; 499,635 154,788 
39,449 271,973 ' 15,865 



255, 555 
153,886 



326,217 369,275 I 280,353 340,589 
706,997 1,699,427 i 380,350 jl, 074, 724 



For footnotes, see p. 84. 



84 



STATISTICS OF INCOME 



Table 5. — Individual returns for 1935 by net income classes and hy sex and family 
relationship, showing number of returns and net income — Continued 

[Net income classes and money figures in thousands of dollars] 



Net income classes 



Community prop- 
erty returns ' 



Number 
of re- 
turns 



Net in- 
come 



Estates and trusts 



Number 
of re- 
turns 



Net in- 
come 



Grand total 



Number of 
returns 



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

1-1.5 (est.)i 

1-1.6 (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.) 

4-4.5 (est.)i 

4-4.5 (est.) 

4.5-5 (est.)i 

4.5-5 (est.) 

5-61 

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. 



Nontaxable returns '. 
Taxable returns 



10, 108 



4,825 



108 

7,599 

5,004 

3,557 

2,442 

1,871 

1,565 

1,218 

952 

731 

722 

2,070 

1,085 

614 

708 

310 

209 

120 

61 

65 

41 

50 

14 

13 

4 

4 

2 

5 

2 

2 



580 
41,560 
32, 346 
26,564 
20, 701 
17, 728 
16, 394 
13, 987 
11,873 

9,871 
10, 446 
35, 570 
24, 105 
16, 847 
24, 493 
13, 741 
11,388 

7,712 

4, 554 

5, .S22 
3,911 
6,022 
2,405 
2,821 
1.080 
1,378 

835 
3,037 
1,751 
2,088 



2,525 

3,429 

1,299 

2,544 

641 

1,890 

513 

1,290 

414 

974 

250 

849 

230 

719 

186 

519 

17 

1,282 

994 

750 

623 

525 

438 

363 

314 

249 

200 

804 

462 

294 

398 

221 

121 

103 

57 

40 

19 

74 

22 

10 

12 

6 

5 

8 

2 

3 



3,035 
4,263 
2,235 
4,447 
1,441 
4,226 
1,401 
3,530 
1,332 
3,171 
932 
3,172 
973 
3,045 
881 
2,474 
88 
7,015 
6,438 
5,604 
5,291 
4,979 
4,580 
4,161 
3,915 
3,354 
2,894 

13, 846 

10, 376 
8,023 

13, 787 
9,782 
6,624 
6,674 
4,242 
3,390 
1,819 
8,833 
3,770 
2,264 
3,256 
2,154 
2,336 
4,929 

0) 
3,899 



(<) 



288, 910 

10, 684 

660, 160 

427,115 

335, 505 

355, 151 

343, 618 

155, 829 

497, 253 

126,999 

218,080 

162, 963 

77, 059 

157, 185 

25, 171 

126, 270 

11,396 

95, 549 

6,970 

125, 672 

84, 618 

55, 249 

38, 546 

28, 787 

22, 320 

17, 574 

13, 995 

11,811 

9,797 

31,477 

16, 590 

9, 763 

10, 690 

5, 576 

3,256 

1,948 

1,319 

923 

587 

1, 395 

523 

236 

137 

132 

74 

80 

29 

23 

8 

2 

7 

1 



4,952 



31,148 



371,910 



36, 797 



208, 661 



4, 575, 012 



108 
31,040 



580 
371, 330 



16, 183 
20, 614 



17, 142 
191, 519 



2,464,122 
2,110,890 



Nontaxable returns. Specific exemptions from normal tax and surtax exceed net income. A negligible 
nuniber of nontaxable returns in net income classes of $0,000 and over is not tabulated separately. 

An unequal number of separate returns of husb-ands and wives results from the use of the sample method 
lor returns with net income of under .$5,000, as the net income of one spouse may be $5,000 or over and 
that of the other siwuse imder $5,000 (see discussion of sample, p. 2) 
' See text, p. 6. 
* Classes grouped to conceal identity of taxpayer. 



STATISTICS OF INCOME 



85 



Tablbj 6. — Individual returns for 19S5 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. 1-4 J 









Sources of 


ncome 






States and Territories 


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


Business 
profit 


Partner- 
ship 
profit • 


Net capi- 
tal gain 2 


Rents 

and 

royalties 


Divi- 
dends on 
stock of 
domestic 
corpora- 
tions 


Alabama 


56, 935 
24,149 

28, 290 
729, 587 

63, 232 
202, 213 

26, 009 

217. 324 

78, 200 

110,939 

28, 178 

18.083 

839, 493 

177, 181 

95,312 

67, 034 

82, 316 

82, 612 

37, 360 

213,018 

523, 376 

406, 201 

148, 898 

26, 211 

254, 737 

38, 675 

60, 790 

12,617 

29, 368 
512, 265 

15, 533 
1,985,213 

86, 289 

17,616 

549, 188 

96, 809 

64, 323 
844. 697 

69. 780 
34, 510 

16, 143 
99, 639 

253, 187 
30, 132 
19.929 

121. 293 

134 992 
76. 589 

179, 424 
14, 686 


12, 336 

8,624 

9,428 

186, 308 

17,891 

.30,901 

4,234 

22, 182 

22, 699 

18, 089 

4.998 

8.221 

124, 079 

34, 589 

35, 773 

27, 381 
17, 492 
18, 650 
11,056 

28, 354 
86, 947 
68, 662 
34,913 

8,340 

38. 459 
12, 284 

20, 291 
3,301 
8,293 

73, 795 

6,345 

293, 748 

16, 703 

5, 205 

91, 166 

24,415 

17,179 

147, 0,';4 

10. 233 

8,416 

5.738 

18, 039 

86, 5S4 

6.421 

4,327 

21, 835 
38, 306 

13. 460 
35, 861 

5, 413 


6,993 

2,328 

4,296 

68, 543 

5, 834 

9,594 

1,360 

6,244 

6,693 

7,821 

992 

2,252 

55, 864 

12, 762 

9,218 

7,271 

6,516 

8,154 

2,022 

11,674 

32, 156 

18, OSl 

11, 791 

3, 454 

15, 976 

3,281 

6,262 

1, 245 
1,623 

21,687 

1,692 

197, 690 

6,468 

1,271 

27, 357 
9,218 
5,326 

51,986 

2. 905 
2,725 
1,353 
8,078 

39, 847 
1.679 
1,109 
6, 628 
8,260 
4,178 
8,786 
1,301 


1,419 

842 

651 

39, 557 

3,918 

11,999 

3,163 

4.401 

6.025 

3,979 

860 

779 

39. 502 

5,652 

2,848 

2,663 

3,929 

3,881 

2, 053 

9,872 

25. 937 

25, 183 

6,001 

783 

9,276 

666 

1,538 

596 

1,297 

21, 944 

479 

148, 248 

2,556 

202 

21, 668 

4,779 

1,417 

38, 178 

2, 568 

917 

471 

2,756 

25,019 

972 

599 

4,338 

4,444 

2, 382 

6,123 

382 


4,611 
2,223 
3,764 

71,914 
4,951 
9,950 
1,168 

10, 920 
8,386 
7,092 
1,995 
1,128 

41, 757 

10, 178 
8,113 

11,235 
5,843 
9, 750 

2, 504 
11,356 
17,913 
20, 285 

6,926 

2,612 
15, 761 

1,865 

5, 155 
725 

1, 958 
18, 361 

1,691 
63,310 

7,699 

910 

27, 767 

13, 608 

3, 529 
36, 260 

3.326 
2,671 
1,293 
6,364 
50, 765 
1,154 
792 
7, 690 
7, 069 
5,289 
9,444 
1,032 


6,116 

3,008 

3,060 

144, 831 


Arizona 


Arkansas 


California 


Colorado. 


18, 184 


Connecticut 


89, 277 
34, 180 


Delaware 


District of Columbia 


18, 639 


Florida 


31, 226 


Georgia 


18 934 


Hawaii 


12, 422 


Idaho 


1, .535 


Illinois 


140, 949 


Indiana 


28, 101 


Iowa 


13,224 


Kansas.. 


7,836 


Kentucky 


18,917 


Louisiana.. 


11,411 


Maine 


13, 148 


Maryland 


46, 962 


Massachusetts 


165, 300 


Michigan 


85, 933 


Minnesota 


28, 569 


Mississippi. 


2,667 


Missouri 


62, 729 


Montana 


2,941 


Nebraska .. 


6,612 


Nevada 


3, 661 


New Hamoshire 


10, 487 


New Jersey 


115,354 


New Mexico. 


1,540 


New York 


560, 071 


North Carolina 


26, 609 


North Dakota 


971 


Ohio 


112,077 


Oklahoma .. 


11,114 


Oregon. 


5,598 


Pennsylvania . 


201, 596 


Rhode Island 


26, 298 


South Carolina 


4,009 


South Dakota 


1,967 


Tennessee 


15, 100 


Texas 


39, 919 


Utah 


3,790 


Vermont . 


3,948 


Vireinia ... 


24,983 


Washington" 


14, 676 


West Virginia 


13,914 


Wisconsin 


28, 114 




2,222 






Total 


9, 900, 578 


1,855,019 


739. 822 


509, 714 


572, 060 


2, 234, 727 







For footnotes, see p. 87. 



86 



STATISTICS OF INCOME 



Table 6. — Individual returns for 1935 by States and Territories, showing sources 
of income and deductions, and net income — Continued 

[Thousands of dollars] 





Sources of income — Continued 


States and Territories 


Income 
from fidu- 
ciaries ' 


Taxable 
interest 
on par- 
tially tax- 
exempt 
Govern- 
ment ob- 
ligations 3 


Other 
taxable 
interest < 


Other 
income 


Total 
income 




1,412 

522 

618 

22, 852 

1, 696 
9,345 
1.909 
5. 537 
4,860 
2,018 
1,293 

198 

18, 199 

1,949 

1,739 

1,320 

2, 149 

966 

2,115 

10, 926 

20, 100 

6,744 

3,714 

365 

6,221 

629 

740 

2,50 

1,129 

16, 606 

319 

97, 135 

1,374 

137 

11,082 

1,646 

1,114 

43, 343 

3, 400 

725 

122 

2, 202 
7,497 

404 
619 
3,146 
1,916 
1,258 
3,092 
325 


119 

85 
120 

2,273 
523 
810 
105 
615 
516 
245 
110 
32 

2,975 

1,163 
247 
373 
681 
482 
339 

1, 067 

1.998 

1,425 

788 

54 

1,415 
116 
161 
105 
108 

1, 526 
45 

9,594 

375 

21 

4,225 
675 
188 

3,944 

412 

173 

25 

251 

1,296 
47 
63 
533 
364 
409 
541 
64 


3,969 
1,843 
1,837 

67, 308 
8, 257 

23,576 
3,580 

11,734 

10, 388 
4,502 
1,326 
1,017 

62, 449 
6,411 
8,639 
5,147 
5,858 
7,148 
8, 653 

20, 753 

66, 539 

19. 809 

14,011 
1,692 

19,447 
1,779 
4,908 
840 
4,117 

56, 574 

1,249 

235, 278 

2,682 

997 

24, 495 
4,339 
4, 795 

86, 305 

10, 296 

2,303 

896 

4,378 

18,928 
1,590 
2,424 
7,579 
7.290 
2,206 

27,311 
1,050 


1,080 
1,079 
1,099 
19,215 
1,952 
5, 056 
1,249 
3,265 
3,226 
2,019 

954 

696 
15, 295 
3,475 
2,281 
3,164 
2,133 
2,729 
1,924 
7,298 
9,369 
7,611 
3, 366 

743 
4,640 

978 
1,469 

494 

842 
11,715 

617 

47, 359 

2,413 

479 
7,893 
3,339 
1,567 
17, 165 
1,617 

852 

561 
1,756 
11,831 

553 

497 
2,373 
3,314 
1,360 
4,874 

451 


94, 989 




44, 704 




53, 163 


California 


1, 352, 388 




126. 439 




392, 721 


Delaware _ . .. 


76, 958 




300, 860 


Florida - 


172, 218 


Georgia - ...... 


175, 639 




53, 128 


Idaho 


33, 942 


Illinois 


1, 340, 562 


Indiana .- - 


281, 460 


Iowa 


177, 393 


Kansas . - . 


133, 423 


Kentucky . .. . 


145, 833 




145, 783 




81,173 


Maryland ... 


361, 281 


Massachusetts - 


949, 636 


Michigan 


659, 915 


Minnesota. 


258, 977 


Mississippi .. 


46, 921 


Missouri 


418,660 


Montana 


63, 213 


Nebraska _ 


107, 92b 


Nevada 


23, 833 


New Hampshire 


59, 221 




849, 829 


New Mexico 


29, 509 




3, 637, 647 


North Carolina 


153, 168 




27, 810 


Ohio 


876, 918 




169, 942 


Oregon 


105, 037 




1, 470, 528 


Rhode Island 


130. 834 




57, 301 


South Dakota... 


28, 569 


Tennessee 


158, 563 


Texas 


534, 874 


Utah.. 


46 742 


Vermont 


34 308 




200,399 


Washington ' 


220 630 


AVest Virginia 


121 044 


Wisconsin. 


303 570 


Wyoming 


26 925 






Total 


328, 978 


43, 820 


900,501 


231, 286 


17, 316, 505 





For footnotes, see p. 87. 



STATISTICS OF INCOME 



87 



Table 6. — Individual returns for 1935 by States and Territories, showing sources 
of income and deductions, and net income — Continued 

[Thousands of dollars] 



States and Territories 



Deductions 



Busi- 
ness 
loss 



Part 
nership 
loss ' 



Net 
capital 
loss 2 



Interest 
paid « 



Taxes 

paid « 



Con- 
tribu- 
tions 



Other 
deduc- 
tions 



Total 
deduc- 
tions 



Net 
income 



Alabama 

Arizona 

Arkansas... 

California 

Colorado 

Connecticut 

Delaware 

District of Columbia. 

Florida 

Georgia... 

Hawaii 

Idaho... 

Illinois 

Indiana 

Iowa 

Kansas 

Kentucky 

Louisiana 

Maine 

Maryland 

Massachusetts 

Michigan 

Minnesota 

Mississippi 

Missouri 

Montana 

Nebraska 

Nevada 

New Hampshire 

New Jersey 

■New Mexico 

New York 

North Carolina 

North Dakota.. 

Ohio 

Oklahoma 

Oregon 

Pennsylvania 

Hhode Island 

South Carolina 

South Dakota.. 

Tennessee 

Texas 

Utah 

Vermont 

Virginia 

Washington » 

West Virginia 

Wisconsin 

Wyoming 



380 
380 
270 

.OS- 
egg 
7gg 

501 
521 
840 
903 
273 
141 

,gi4 



874 
658 
380 

,198 

.564 

,021 
922 
421 

,623 
292 
495 
1*7 
242 

,005 
212 

,737 
660 
235 

,366 

,239 
408 

,036 
5g8 
392 
189 
618 

,121 
126 
148 
041 
772 
363 
857 
184 



123 

49 

153 

2,474 

176 

301 

25 

133 

301 

190 

91 

30 

1,863 

353 

229 

303 

174 

288 

103 

193 

547 

732 

242 

66 

304 

56 

147 

20 

35 

610 

40 

7,706 

99 

35 

717 

284 

112 

1,789 

96 

47 

36 

172 

1,648 

26 

29 

183 

169 

127 

186 

63 



710 

.381 

309 

12, 86g 

1,038 

4,707 

4g6 

1,582 

1,567 

1,103 

357 

204 

11, 272 

1,620 

ggi 

733 

1,169 

1,237 

991 

3,145 

11,034 

4,864 

1,992 

184 

3,282 

278 

546 

146 

653 

6,739 

133 

36, 372 

786 

195 

5,622 

8g9 

858 

12, 109 

1,315 

354 

141 

1,007 

2,966 

310 

242 

1,156 

1,367 

598 

2,976 

123 



3,513 
1,112 
1,689 

38, 893 
2, 695 

13, .588 
4,302 
8,714 
4,852 
5,631 
1,972 
576 

33, 569 
6,446 
4,845 
3,487 
4,592 
4,430 
2,315 
9, 083 

22, 302 

16, 863 
5,966 
1,441 

13,819 

981 

2,949 

404 

1,481 

26, 117 

601 

106, 332 

6,011 

555 

26, 063 
5,272 
2, 531 

51, 034 

3,584 

1,750 

594 

5,306 

17, 178 
1,150 
802 
7,339 
4,768 
3,915 
9,149 
569 



3,220 

1,416 

1,727 

38, 665 

4, 060 
1.3, 305 

2,676 
7,274 
6, 438 
5,880 
1,673 
910 
33, 672 
9,633 
7,339 
5,403 
5,114 

5, 321 
3,293 

10, 032 

45. 982 

20, 227 
9,527 
2,113 

14,854 
1,540 
3,178 
487 
2,517 

31, 038 

742 

147, 053 

6,337 

997 

27, 589 
5,894 
3,901 

43, 023 
4,850 
2, 451 
1,008 
4,830 

18, 191 
1,489 
1,099 
7,027 
4,969 
2,868 

13, 170 
560 



1,760 

412 

1,0.54 

14,471 

1,805 

7,766 

1,860 

4,710 

2,603 

3,221 

641 

312 

21,413 

4,217 

3,009 

2,104 

3,008 

1.958 

1,542 

5,565 

17, 167 

10, 329 

4,755 

1,126 

8,293 

592 

1,757 

275 

923 

15, 450 

288 

74,542 

4,602 

451 

15, 551 

2,694 

1,028 

31,219 

2,663 

1,583 

377 

3,114 

7,754 

824 

631 

4,733 

1,996 

1.884 

4,847 

277 



4,838 

2,657 

4,611 

65, 755 

7,586 

11,953 

2, 338 

9,258 

10, 924 

7,749 

1,219 

1,965 

62, 025 

12, 225 

11,605 

9,091 

5,800 

9,310 

3,095 

14, 576 

24, 712 

35, 610 

12, 755 

4,692 

18,417 

2,756 

5,741 

1,673 

1,815 

30, 715 

2,093 

147, 641 

9,792 

2,266 

32, 481 

14, 512 

4,891 

51, 936 

4.088 

3,714 

1,531 

7.958 

43, 853 

2,915 

1,064 

7.716 

8,667 

4,368 

13, 794 

1,444 



14, 545 
6,406 
9,812 
180, 084 
18, 060 
52, 418 
12, 198 

32. 193 
27,524 
24, 676 

6,226 

4,138 

168, 728 

35, 480 

28, 867 

22, 019 

20, 732 

23, 201 

11,718 

44, 393 

124, 308 

91,645 

36, 159 

10, 042 

60, 592 

6,494 

14,813 

3, 152 

7,668 

112,674 

4,110 

531, 383 

28,288 

4,733 

110,390 

30, 794 

13,731 

197, 145 

17. 194 
10, 291 

3,875 
23,006 
95,711 
6,839 
4,014 

29. 195 
22, 707 
14,124 
44,979 

3,221 



80,444 

38, 298 

43, 351 

1, 172, 303 

108, 379 

340, 303 

64, 760 

268, 667 

144, 693 

150,963 

46, 902 

29, 803 

1,171,834 

245, 980 

148, 526 

111,404 

125, 101 

122, 582 

69, 455 

316, 888 

825, 327 

.568, 270 

222, 818 

36, 879 

358, 068 

56, 720 

93, 113 

20,681 

51, 5,54 

737, 155 

25, 400 

3, 106, 264 

124, 880 

23, 077 

766, 529 

139, 148 

91, 306 

1, 273, 383 

113,641 

47,010 

24, 694 

135, 557 

439, 163 

39, 903 

30, 294 

171. 204 

197. 924 

106, 920 

258, 590 

23, 703 



Total 67,453 



23,876 145,728 



503,730 596,559 305,155 764,191 2,406,693 14,909,812 



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. 7-8, 
and synopsis of laws, pp. 13S-139. 

' Interest received on Liberty 4 and iH percent bonds. United States savings bonds, and Treasury 
bonds, owned in excess of $5,000. and on obligations of certain instrumentalities of the United States (see 
items 9 and 25, Form 1040, p. 146) reported on returns with net income of $5,000 and over. 

* Includes taxable interest on partially tax-exempt Government obhgations reported on returns with net 
income under $5,000. 

' Excludes amounts reported in schedules A and B as business deductions. 

• Includes Alaska. 



88 



STATISTICS OF INCOME 



Table 7. — Individual returns for 1935 by net income classes, showing sources of 
income, deductions, and net income; also total number of returns and, for returns 
with net income of $5,000 and over, number of returns for each specific source of 
income and deduction 

[Net income classes and money figures in thousands of dollars] 

[For text defining certain items and describing methods of tabulating and estimating data, see pp. 1-4] 





Total 
number 
of returns 


Sources of income 


Net income classes 


Salaries, wages, 

commissions, fees, 

etc. 


Business profit 


Partnership 
profit ' 


Net capital gain ' 




Number 
of re- 
turns 


Amount 


Num- 
ber of 
returns 


Amount 


Num- 
ber of 
returns 


Amount 


Number 
of re- 
turns 


Amount 


Under 5 (est.) 

5-6 


4, 074, 897 

132, 642 

84, 618 

55, 249 

38, 546 

28, 787 

22, 320 

17, 574 

13, 995 

11,811 

9.797 

31,477 

16, 590 

9,763 

10, 690 

5, 576 

3,256 

1,948 

1,319 

923 

587 

1,395 

523 

236 

137 

132 

74 

80 

29 

23 

8 

2 

7 

1 


91, 687 

57, 132 

36, 483 

24, 827 

18, 477 

14, 053 

10, 897 

8,619 

7,260 

5,958 

18, 753 

9,781 

5,673 

6,208 

3,141 

1,897 

1,094 

760 

536 

359 

807 

315 

129 

79 

70 

32 

40 

17 

11 

6 


7, 191, 699 

473, 114 

336, 787 

243, 257 

183, 006 

149, 497 

122, 274 

102, 458 

85, 060 

76, 752 

65, 743 

233, 026 

144, 925 

97, 073 

120, 601 

72, 762 

49. 401 

30, 814 

22, 574 

18, 243 

13,041 

31, 645 

15, 781 

7,038 

4,541 

4,599 

1,743 

1, 357 

861 

404 

282 


26, 430 

16, 766 

10, 788 

7,364 

5,279 

3,909 

3,013 

2,324 

1,896 

1,570 

4,548 

2,175 

1,177 

1,121 

553 

275 

161 

116 

69 

46 

73 

28 

13 

9 

2 

5 

2 

1 

1 


1, 167, 552 

124, 942 

91, 632 

67, 458 

52, 213 

40, 150 

32, 800 

27, 551 

22, 527 

19, 753 

17, 027 

57, 084 

34,042 

22, 278 

25, 206 

15, 395 

9,542 

6,578 

4,933 

3,252 

2,260 

4,840 

1,997 

1,020 

1,063 

7 

467 

61 

356 

1,036 


(«) 

11,467 

8,178 

5,770 

4,038 

3,791 

2,692 

2,135 

1,776 

1,509 

1,321 

4,425 

2,553 

1,529 

1,751 

924 

572 

341 

252 

167 

110 

275 

91 

42 

25 

29 

4 

7 

6 

2 


208, 202 
45, 567 
38, 124 
30, 061 

24, 324 
21, 171 
20, 898 
17, 117 
15, 235 
14, 158 
13, 439 
51, 274 
38. 417 
27, 496 
38, 663 

25, 813 

19, 745 
13, 656 
10, 867 

9,318 
5,851 

20, 922 
9,660 
5,850 
3,879 
5,366 

563 
1, .574 
1,899 

716 


(«) 

20, 351 

15,412 

11,342 

8,839 

7,061 

6,868 

4,852 

4,146 

3,594 

3, 113 

10, 672 

6,196 

3,921 

4,524 

2,524 

1,541 

885 

656 

465 

299 

712 

258 

121 

75 

67 

41 

43 

17 

13 

4 

2 

3 


109, 796 
22,860 


6-7 


20, 145 


7-8 


17, 672 


8-9 


15 307 


9-10 


14, 087 


10-11 -. 


12. 672 


11-12. .. 


11,527 


12-13 


10,646 
9 986 


13-14 


14-15 


8 926 


15-20 


37, 703 
27, 308 
21, 545 


20-25 


25-30- 


30-40 


32, 235 
22 164 


40-50 


50-60 


17, 348 
12 419 


60-70 


70-80 


10, 086 
7,794 
5,939 

15, 969 
7,048 
3,677 
4 149 


80-90 


90-100 


100-150 


150-200 


200-250 


250-300 


300-400 


5,105 
4,077 
7,634 
5 100 


400-500... 


500-750 


750-1,000 


1,000-1.500 


5,902 
521 


1,500-2,000 


2,000-3,000 










(«) 
160 


3,000-4,000 


4 

1 


219 
(«) 










4,000-5.000 












5,000 and over. . 














Classes grouped «... 






(') 












2,218 


















Total 


4, 575, 012 


« 325, 106 


9, 900, 578 


9 89,714 


1, 855, 019 


9 55,782 


739, 822 


9 117, 617 


509, 714 





For footnotes, see p. 92. 



STATISTICS OF INCOME 



89 



Table 7. — Individual returns for 1935 by net income classes, showing sources of 
income, deductions, and net income; also total number of returns and, for returns 
with net income of $5,000 and over, number of returns for each specific source of 
income and deduction — Continued 

[Net income classes and money figures in thousands of dollars] 



Net income classes 



Sources of income — Continued 



Rents and royalties 



Number 
of re- 
turns 



Dividends on stock 
of domestic corpora- 
tions 



Number 
of re- 
turns 



Amount 



Income from fidu- 
ciaries ' 



Number 
of re- 
turns 



Amount 



Taxable interest 
on partially tax- 
exempt Govern- 
ment obliga- 
tions 3 



Number 
of re- 
turns 



Amount 



Under 5 (est.)- 

5-6 

6-7 

7-8 



9-10 

10-11 

11-12 

12-13 

13-14 

14-15 

15-20 

20-25 

25-30 

30-40 

40-50... 

50-60 

60-70 

70-80 

80-90 

SO-lOO 

100-150 

150-2(X).. 

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 '102,571 



(«) 

25, 022 

16, 737 

11,067 

7,928 

6,065 

4,726 

3,840 

3,085 

2,624 

2,150 

6,957 

3,780 

2,282 

2, 437 

1,304 

795 

465 

293 

207 

139 

338 

122 

68 

37 

26 

21 

24 

16 

11 

2 

1 

2 



373, 850 
28, 016 
21, 536 
15, 416 
12, 712 

11, 503 
8,842 
7,867 
6,166 
5,590 
4,983 

19, 108 

12, 765 
8,643 

10, 458 

6,767 

4,407 

2,946 

1,764 

1,585 

1,087 

2,512 

1,204 

733 

639 

61 

495 

233 

112 

37 

2 

(8) 

15 



572, 060 



(«) 

63, 308 
45,811 
32, 117 
24, 304 
18, 887 
15, 401 

12, 566 
10, 315 

8,899 

7,454 

25, 126 

13, 896 
8,579 
9,540 
5,099 
3,030 
1,824 
1,261 

882 

556 

1,353 

516 

231 

132 

128 

73 

79 

29 

23 

8 

2 

7 

1 



420, 543 
76, 136 
69, 150 
59, 831 
53, 966 
48, 854 
45, 038 
42, 080 
40, 060 
36, 489 
35, 019 
149, 400 
113,925 
94. 097 
145, 515 
108, 826 
81, 867 
64, 838 
50, 302 
40, 767 
29, 062 
99, 767 
61, 081 
37, 608 

27, 299 
33, 748 
29, 666 
43,801 
20, 107 
22, 140 
15, 771 
0) 

28, 207 
(') 



(«) 


96, 654 


8,119 


16,846 


6,201 


14, 835 


4,430 


12, 546 


3,558 


11,091 


2,781 


9,405 


2,272 


8,468 


2,015 


7,659 


1,725 


7,305 


1,512 


6,699 


1,330 


6,466 


4,657 


26, 405 


2,641 


17, 735 


1,726 


13, 545 


2,020 


18, 730 


1, 158 


12, 810 


688 


8,939 


444 


5,668 


273 


4,717 


197 


3,366 


123 


2,349 


296 


6,798 


106 


2,873 


47 


1,634 


27 


491 


33 


1,512 


20 


1,569 


25 


1,025 


8 


199 


6 


550 


1 


46 


1 


(8) 



5,737 

4,484 

3, 450 

2,760 

2,345 

1, 939 

1,683 

1,496 

1,336 

1,167 

4,211 

2,600 

1,717 

2,028 

1,164 

677 

439 

280 

224 

140 

312 

120 

58 

39 

32 

20 

22 

4 



9,766 



(10) 

3,191 

2,703 

2,241 

2,028 

1,821 

1,648 

1,584 

1,458 

1,313 

1,120 

4,907 

3,576 

2,656 

3,679 

2,719 

1,504 

1,053 

1,151 

662 

430 

807 

508 

458 

245 

143 

15 

158 

11 

3 

19 

(«) 

(0 



9 311,437 



2, 234, 727 



» 48, 450 



328, 978 



40, 495 



43, 820 



For footnotes, see p. 92. 



90 



STATISTICS OF INCOME 



Table 7. — Individual returns for 1935 by net income classes, showing sources of 
income, deductions, and net income; also total number of returns and, for returns 
with net income of $5,000 and over, number of returns for each specific source of 
income and deduction — Continued 

[Net income classes and money figures in thousands of dollars] 





Sources of income— Continued 


Deductions 


Net income classes 


Other taxable 
interest 


Other in- 
come * 


Total in- 
come 


Business loss 


Partnership 
loss 1 




Number 
of returns 


Amount 


Number 
of re- 
turns 


Amount 


Num- 
ber of 
returns 


Amount 


Under 5 (est.) 


(») 

54, 245 

37, 157 

26, 767 

19, 435 

14, 544 

11, 767 

9,593 

7,927 

6,785 

5,741 

19, 322 

10, 735 

6,614 

7,803 

4,074 

2,937 

1,496 

765 

750 

471 

1,160 

449 

207 

112 

115 

67 

67 

27 

22 

6 

2 

7 

1 


"452,479 
44, 927 
36, 636 
29, 707 
24, 720 
21, 987 
18, 826 
16, 485 
14, 976 
13, 670 
12, 087 
47,671 
32,518 
23, 310 
29, 958 
19, 338 
13,334 
8,017 
7,174 
4,484 
3,722 
9,016 
3,955 
2,463 
1,606 
1,800 
1,281 
2,125 
472 
741 
178 
(«) 

493 
(') 


108, 052 
11,572 
9,113 
7,057 
5,721 
4, 863 
4,489 
3,538 
3,166 
3,125 
2,867 
10, 568 
7,911 
5,683 
8,801 
5,175 
3,814 
3,166 
2,934 
1,905 
1,569 
4,282 
2. 493 
1,365 
785 
1,466 
1,872 
1,717 
380 
887 
489 
(«) 
449 


10, 128, 827 
847, 160 
640, 659 
485, 244 
385, 087 
323, 340 
275, 955 
237, 866 
206, 599 
187, 533 
167, 676 
637, 145 
433, 123 
316, 327 
433, 846 
291, 769 
209, 901 
149, 155 
116,501 
91,375 
65, 310 
196, 559 
106, 599 
61, 846 
44,695 
53, 805 
41, 749 
59, 685 
29, 497 
32,416 
17, 308 
(') 

29, 543 
(') 


2,129 

1,386 

1,029 

755 

609 

531 

408 

375 

331 

300 

983 

603 

374 

477 

286 

192 

111 

87 

66 

41 

102 

54 

22 

14 

13 

12 

11 

11 

4 

2 

1 

4 


33, 740 

3,072 

2,101 

1,914 

1,235 

1, 364 

1,302 

1,011 

965 

786 

942 

3,060 

2,247 

1,550 

2,287 

1,543 

1,084 

901 

616 

484 

354 

1,062 

615 

487 

294 

330 

432 

264 

224 

73 

115 

(') 

855 


(8) 

1,149 

845 

592 

471 

324 

271 

279 

185 

174 

159 

523 

304 

202 

244 

149 

83 

49 

34 

30 

13 

60 

16 

13 

3 

7 

3 

1 

1 


10, 763 


5-6 


1,252 


6-7 - 


998 


7-8 


817 


8-9 


694 


9-10 


405 


10-11 - -- 


423 


11-12 


399 


12-13 


380 


13-14 


295 


14-15 - 


284 


15-20 


1,236 


20-25 


706 


25-30 


1,860 


30-40 


864 


40-50 


742 


50-60 


469 


60-70 


167 


70-80 


295 


80-90 


132 


90-100 


18 


100-150 - -- 


250 


150-200 


73 


200-250 


274 


250-300 


36 


300-400 


17 


400-500 - 


13 


500-750 -.- 


C) 
1 


750-1,000 


1,000-1,500 




1,500-2,000 


1 
1 


6 


2,000-3,000 


(«) 


3.000-4,000 








5,000 and over 
















349 


13 


12, 403 




142 




6 












» 251, 170 


900, 501 


231, 286 


17, 316, 505 


« 11, 323 


67,453 


« 6, 186 


23,876 







For footnotes, see p. 92. 



STATISTICS OF INCOME 



91 



Table 7. — Individual returns for 1935 by net income classes, showing source of 
income, deductions, and net income; also total number of returns and, for returns 
with net income of $5,000 and over, number of returns for each specific source of 
income and deduction — Continued 

[Net income classes and money figures in thousands of dollars] 



Deductions — Continued 



Net income classes 



Net capital loss 2 



Number 
of re- 
turns 



Amount 



Interest paid ' 



Number 
of returns 



Taxes paid » 



Number 
of re- 
turns 



Amount 



Contributions 



Number 
of re- 
turns 



Amount 



Under 5 (est.)- 

5-6 

6-7 

7-8. -. 



9-10 

10-11. 

11-12 

12-13 

13-14... .— 

14-15. 

15-20 

20-25 

25-30. 

30-40 

40-50 

50-60 

60-70 

70-80. 

80-90 

90-100 

100-150 

150-200 

200-250.. 

250-300 

300-400 

400-500 

500-750_. 

750-1,000... 

1,000-1,500. 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000 and over... 
Classes grouped ' 



m 

12, 054 

9,047 

6,591 

5,234 

4,295 

3,466 

2,908 

2,493 

2,135 

1,799 

6,232 

3,463 

2,266 

2,598 

1,416 

851 

548 

346 

243 

169 

414 

161 

77 

42 

40 

24 

22 



76, 747 

9,799 

7,579 

5,951 

4,875 

4,219 

3,367 

3,042 

2,628 

2, 250 

2,012 

7,032 

4,114 

2,797 

3, 364 

1,827 

1,137 

776 

476 

356 

235 

567 

231 

117 

63 

62 

37 

38 

12 

12 



(») 



(8) 

66, 526 

43, 955 

29, 437 

21, 090 

15, 807 

12, 220 

9,835 

7,814 

6,656 

5,552 

17, 959 

9,681 

5,910 

6,667 

3,496 

2,083 

1,262 

874 

612 

413 

993 

373 

162 

99 

91 

61 

61 

24 

20 

5 

2 

4 

1 



262, 999 

31, 204 

23, 561 

17, 974 

14, 592 

11,798 

9,918 

8,371 

7,350 

6,762 

6,139 

21. 608 

14, 023 

9,858 

13, 754 

8,831 

6,532 

4,188 

3,341 

2, 847 

1,725 

4,801 

2,796 

1,141 

808 

1,348 

1,277 

2,826 

502 

647 

37 

(«) 

8 
(«) 



(«) 

107, 394 

69, 519 

46, 356 

32, 640 

24, 770 

19, 252 

15, 302 

12, 231 

10, 424 

8,653 

27, 878 

14, 926 

8,864 

9,768 

5,098 

3,019 

1,793 

1,240 

918 

560 

1,311 

500 

228 

131 

124 

71 

73 

27 

22 

8 

2 

7 

1 



328, 988 

29, 543 

22, 786 

17, 127 

14, 152 

12, 747 

10, 319 

8,847 

7, 579 

6,898 

6,279 

23, 9S3 

16, 040 

11,863 

16, 536 

11, 055 

8,334 

6,177 

4,468 

3,590 

2,417 

7,916 

4,326 

2,513 

2,125 

1,749 

1,512 

2,073 

922 

1,237 

686 

(«) 

1,110 
(») 



(«) 

98, 338 

63, 737 

42, 191 

29, 467 

22, 498 

17, 283 

13,887 

11,002 

9,364 

7,755 

25, 396 

13, 380 

8,048 

8,894 

4,649 

2,779 

1,614 

1,145 

804 

519 

1,222 

473 

212 

120 

116 

68 

69 

26 

21 

8 

2 

5 

1 



166 



664 



156, 975 
14, 321 
10, 847 
8,287 
6,650 
5,505 
4, 572 
4,060 
3,539 
3,311 
2,900 
11, 396 
8,011 
6,472 
9,271 
6,677 
5,027 
3,459 
3,390 
2,566 
1,819 
6,022 
3,531 
2,480 
1,503 
2,291 
2,029 
2,164 
1,627 
1,239 
735 
(') 

1,272 
(8) 



1,208 



Total « 68, 953 



145, 728 



« 269, 745 



603, 730 » 423, 110 



696, 559 



« 385, 093 



305, 155 



For footnotes, see p. 92. 



92 



STATISTICS OF INCOME 



Table 7. — Individual returns for 1935 by net income classes, showing sources of 
income, deductions, and net income; also total number of returns and, for returns 
with net income of $5,000 and over, number of returns for each specific source of 
income and deduction — Continued 

[Net income classes and money figures in thousands of dollars] 





Deductions— Con. 




Net income classes 


Other 
deductions* 


Total 
deductions 


Not income 




444, 198 

33, 514 

25, 856 

20, 654 

16. 235 

14,461 

12,224 

10. 390 

9.502 

8,029 

7,180 

27, 433 

18, 483 

15, 242 

20, 190 

13, 049 

9,653 

7,593 

5, 463 

3.351 

3,030 

9,562 

4,974 

2, 332 

2, 509 

2.906 

3,643 

3,416 

1,302 

1,691 

2,153 

(?) 

2,878 
(«) 


1,314,410 

122, 705 

93, 728 

72, 723 

58, 434 

50, 498 

42, 124 

36, 121 

31, M4 

28, 331 

25, 734 

95, 747 

6(3, 624 

49, 642 

66, 265 

43, 725 

32, 237 

23, 263 

18. 048 

13. 325 

9.597 

30, 180 

16. 546 

9.345 

7,338 

8,702 

8.945 

10, 781 

4,590 

4,899 

3,733 

(«) 

6,126 


8,814,418 


5-6 - 


724, 455 


6-7 


546, 931 


7-8 


412, .521 


8-9 


326. 653 


9-10 .- 


272. 842 


10-11 


233, 831 


11-12 . -- 


201.745 


12-13 - 


174, 655 


13-14 


159, 202 


14-15 


141,942 


15-20 


541, 398 


20-25 


369, 499 


25-30 


266, 685 


30^0 


367, 581 


40-50 


248, 044 


50-60 


177, 664 


60-70 - 


125, 892 


70-80 - - 


98, 453 


80-90 


78. 051 


90-100 


55, 713 


100-150 -- -- 


166, 379 


150-200 


90, 054 


200-250 


52, 501 


250-300 


37, 356 




45, 103 


400-500 


32, 804 




48, 904 


750-1,000 


24. 907 




27, 518 


1,500-2.000 


13, 575 




(') 


3 000-4 000 


23, 417 




(?) 








1,094 


3,283 


9,121 








764, 191 


2,406,693 


14, 909, 812 







• For explanation of items, see p. 8. 

2 For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 7-8, 
andsynopsisof laws, pp. 13S-139. 

3 Interest received on Liberty 4 and 4V^ percent bonds. United States savings bonds, and Treasury bonds 
owned in excess of $5,000 and on obligations of certain instrujnentalities 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. 146.) 

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

5 Excludes amounts reported in schedules A and B as business deductions. 

8 Not available. 

' Less than $500. 

« Classes grouped to conceal identity of taxpayer. 

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

10 Taxable interest received on partially tax-exempt Government obligations reported on returns with net 
income under $5,000 is tabulated with "other taxable interest." 

11 Includes taxable interest received on partially tax-exempt Government obligations reported on returns 
with net income under $5,000. 



STATISTICS OF INCOME 



93 



Table 8. — Individual returns for 1935 with 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 ^ 





Industrial groups 




Aggregate 


Agriculture and related industries 


Size of profit and loss 
from business 

(Thousands of dollars) 


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 


1,231 

1,043 

967 

806 

677 

2,912 

4,595 

4,283 

4,578 

5,662 

45, 573 

10, 137 

3,420 

1,535 

781 

763 

298 

297 

87 

63 

5 


$57, 631 

152, 777 

238,615 

280, 544 

301, 392 

2, 148, 869 

6, 787, 182 

10, 726, 015 

16, 052. 428 

25, 685, 723 

313.760,026 

121,550,321 

58, 519, 132 

34, 134, 603 

21,263,050 

26, 141, 330 

13, 198, 466 

17,841,236 

7,402,993 

8, 575, 358 

1, 612, 780 


795 

764 

633 

593 

510 

2,024 

2,146 

1,167 

723 

459 

890 

288 

117 

75 

38 

3/ 

24 

21 

7 

9 

2 

1 


$38, 594 

113,633 

156,810 

205, 640 

228, 758 

1, 480, 874 

3, 100, 034 

2, 868, 728 

2, 507, 524 

2,055,118 

6, 233, 087 

3, 387, 595 

1,995,222 

1, 664, 248 

1, 035, 853 

1, 259, 189 

1, 056, 521 

1, 326, 1.32 

606, 225 

1, 189, 533 

544, 995 

658, 780 


275 

237 

234 

164 

156 

564 

699 

532 

494 

470 

3,318 

530 

176 

83 

37 

32 

10 

12 

4 

2 


$13, 462 

34, 701 

57,873 

57, 630 

69, 763 

416. 235 

1, 021, 034 

1, 324, 464 

1, 732, 670 

2, 131, 425 

22,078,963 

6, 383, 875 

2, 996, 825 

1, 855, 492 

999, 830 

1,089,756 

429, 430 

662, 467 

333,313 

238,497 


315 

309 

267 

242 

237 

1,007 

1,102 

670 

402 

243 

532 

173 

62 

42 

21 

13 

14 

9 

5 

7 

1 

1 


$16, 662 
46 194 


0.1-0.2 


0.2-0.3 


66, 397 


0.3-0.4 


84, 155 


0.4-0.5 


105, 948 


0.5-1 


739, 455 


1-2 


1,604 688 


2-3 


1,640 305 


3-4 


1,392 605 


4-5 


1,092 590 


6-10 


3,730,010 


10-15 


2, 032, 265 


15-20 


1, 060, 046 


20-25 


934 106 


25-30 


565 258 


30-40 


450 010 


40-50 


615. 603 


50-75. 


562, 135 


75-100 


413 751 


100-250 


92^ 909 


250-500 


263 721 


500-1,000 






65S, 780 


1,000 and over 


1 


1. 036, 456 






















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

Total for return? of 
net income under 
$5,000 for which no 
frequency distrl- 

ness and by profit 

able 


89, 714 

0) 


687,466,927 

1,167,552,000 
1, 855, 018, 927 


11, 323 


33,713,093 

33, 740, 185 
67, 453, 278 


8,029 


43, 927, 705 


6,674 


19,003,593 























For footnotes, see p. 101. 



78020—38- 



94 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1935 with 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 




Mining and quarrying 


Manufacturing 


Size of profit and loss 
from basiness 


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 - 


35 

20 

24 

21 

8 

62 

100 

80 

60 

51 

270 

99 

64 

33 

15 

21 

20 

12 

8 

6 


$1, 607 

2,936 

5,998 

7,231 

3,503 

45, 847 

147, 509 

200, 798 

210, 582 

234, 808 

1, 854, 279 

1, 202, 280 

1, 096, 570 

722, 297 

414,815 

749, 216 

886, 862 

725,992 

694. 583 

787, 147 


12 
9 
5 
12 
6 
36 
42 
30 
18 
20 
25 
12 

5 

4 

1 


$517 

1,367 

1, 225 

4,256 

2, 661 

25, 517 

57, 294 

73, 686 

65, 822 

88, 509 

175, 720 

142, 129 

120, 768 

110,297 

117,379 

35, 129 


32 
33 

38 

25 

25 

71 

177 

178 

156 

301 

2,557 

659 

228 

111 

73 

57 

24 

35 

15 

6 

1 


$1,490 

4,622 

9,692 

8,957 

11 M2 

52, 185 

262, 196 

448, 632 

548, 715 

1,366,135 

17, 633, 577 

7, 892, 879 

3, 894, 834 

2,541,457 

1, 990, 901 

1, 980. 744 

1, 053, 827 

2, 0G7, 165 

1, 287, 130 

666, 690 

356,211 


18 

20 

17 

22 

20 

36 

63 

35 

23 

17 

24 

4 

7 

4 

2 

1 

2 


$81» 


0.1-0.2 -. 


2,820 


0.2-0.3 


4,275 


0.3-0.4 -. 


7,816 


0.4-0.5 


8,867 


0.6-1 - 


28, 484 


1-2 - 


89, 575 


2-3 - 


87, 035 


3-4 


79, 973 


4-5 


76, 388 


6-10 . - 


163, 699 


10-15 


49, 255 


16-20 


118,965 


20-25 . 


89, 590 


25-30 . .... 


55, 389 


30-40 


31, .368 


40-50 


93, 724 


60-75 


2 


128, 538 




75-100 






100-250 










250-500 










600-1,000 














1,000 and over _ 










1 


1,036,456 




















Total 


1,009 


9, 994, 860 


246 


1,150,814 


4,803 


45,121,637 


315 


988, 042 





For footnotes, see p. 101. 



STATISTICS OF INCOME 95 

Table 8. — Individual returns for 1935 with net income of $5,000 and over— Frequency 
distribution by size of profit and loss from b^isiness (other than partnerships) by 
industrial groups, showing number of businesses and amount ' — Continued 



Size of profit and loss 
from business 

(Thousands of dollars) 



Industrial groups— Continued 



Construction 



Profit 



Num- 
ber of 
busi- 
nesses 



Loss 



Num- 
ber of 
busi- 
nesses 



Transportation and other public 
utilities 



Profit 



Num- 
ber of 
busi- 
nesses 



Loss 



Num- 
ber of 
busi- 
nesses 



Amount 



Under 0.1 

0.1-0.2 

0.2-0.3 

0.3-0.4 

0.4-0.5- 

0.5-1 — . 

1-2 

2-3 

3-4 

4-0 

5-10 

10-15 

15-20. -.- 

20-25 

25-30 

3(M0 

40-50 

50-75 

75-100.. 

100-250 

250-500 

500-1,000 

1,000 and over. 



13 
12 
8 
10 
9 

40 

68 

93 

87 

132 

1,069 

211 

76 

26 

20 

21 

4 

10 



1,871 

1,896 

3,613 

4,067 

29, 396 

103, 725 

238, 235 

301, 356 

599, 177 

7, 295, 062 

2, 541, 020 

1, 328, 590 

567, 757 

543, 469 

738, 078 

174, 906 

578, 556 



$197 

1,395 

1,693 

1,487 

2,616 

13, 287 

39, 491 

38, 156 

42, 615 

21, 934 

114,000 

37, 317 



40, 192 



24 

50 

53 

60 

76 

663 

143 

60 

23 

7 

14 

7 

3 



1,785 

3,575 

3,255 

3,580 

18, 661 

72, 808 

138, 595 

211,973 

345, 870 

4, 529, 808 

1, 694, 308 

1, 027, 384 

505, 680 

192, 336 

482, 018 

322, 823 

168, 631 



$165 

758 

1,246 

2,755 

992 

7,952 

24, 244 

24, 100 

20, 499 

18, 379 

25. 170 

22, 928 

15, 785 

20, 791 



47,609 



438, 593 



328,441 



TotaL 1,911 



15, 490, 254 



354, 380 



1,231 



10, 051, 621 



80 



233, 373 



For footnotes, see p. 101. 



96 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1935 with 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) 


Trade— Eetail 


Trade— Wholesale 


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 


261 

155 

147 

147 

121 

540 

940 

893 

1, 106 

1,457 

9,648 

1,699 

526 

250 

99 

103 

32 

31 

5 

6 


$11, 361 
22, 938 
35, 949 
51, 728 
53, 659 

399, 052 

1, 402, 529 

2, 234, 556 

3, 887, 882 
6, 595. 656 

65,012,986 

20, 333, 874 

8,976,717 

5, 540, 673 

2, 676, 746 

3,461.060 

1,412,551 

1, 853, 689 

408. 175 

765, 686 


125 

121 

90 

78 

67 

237 

222 

112 

74 

40 

87 

21 

11 

5 

1 

3 

1 


$5, 657 

18, 313 

22, 482 

27, 431 

30,768 

173, 940 

321, 241 

275, 913 

259,115 

178, 983 

630, 237 

247. 608 

184, 493 

108, 788 

27, 507 

96, 946 

43, 812 


12 

12 

10 

14 

5 

55 

103 

108 

116 

202 

1,610 

430 

158 

83 

35 

45 

15 

13 


$579 

1,812 

2,651 

4,855 

2,207 

40, 566 

150, 714 

266,418 

406, 560 

920, 534 

11,276,867 

5.161,991 

2,081.283 

1, 837, 130 

959, 172 

1, 552, 370 

670, 458 

759, 883 


10 
4 
9 
10 
8 
21 
35 
20 
19 
9 
18 
5 
3 


$465 


0.1-0.2 


605 


0.2-0.3 


2, 112 


O.3-0.4 


3,528 


0.4-0.5 


3,576 


0.5-1 


15, 321 


1-2 


48. 517 


2-3 


49, 500 


3-4 


63, 7.53 


4-5 


40,814 


6-10 


121, 427 


10-15 


54,343 


15-20 - 


52,550 


20-25 




25-30 


1 


28,398 


30-40 




40-50 - 






CO-75 






75-100 


1 


99, 435 






100-250 


2 


258, 263 






250-500 










500-1,000 


















1,000 and over 




































Total 


18, 166 


125, 137, 467 


1,296 


2, 752, 669 


3,028 


26, 954, 313 


172 


484, 907 





For footnotes, see p. 101. 



STATISTICS OF INCOME 



97 



Table 8. — Individual returns for 1935 with 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 


Trade— Wholesale and retail 


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


business 
(Thousands of dollars) 


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 


2 


$102 


1 


$152 


11 

14 

15 

12 

19 

76 

94 

107 

105 

167 

1,048 

143 

40 

14 

6 

9 

I 
1 


$596 

2,234 

3,822 

4,128 

8,499 

54, 157 

142, 921 

274, 138 

372, 731 

745, 069 

7,029,034 

1, 731, 128 

684, 161 

310, 326 

163. 691 

314,758 

226,351 

69. 322 

81, 633 


19 
11 
14 
21 
11 
48 
40 
23 
7 
9 
11 
4 
1 
2 


$850 
1.905 
3,425 
7,004 
4,944 
33, 526 
58, 921 
67. 456 
24 386 


0.1-0.2 


0.2-0.3.- 










0.3-0.4... 


2 

1 

8 

5 

13 

25 

30 

234 

55 

14 

14 

5 

4 

4 

1 

1 


712 

466 

5,667 

6,914 

31,000 

87, 938 

138,037 

1,634,206 

650,843 

244, 521 

312, 378 

138, 296 

140, 673 

189, 250 

58,111 

89, 205 


2 


628 


0.4-0.5.. 


0.5-1 


3 

4 


2.202 
6,323 


1-2 


2-3 


3-4 


\ 


10, 193 
4,150 


4-5 


41. 278 
80 651 


5-10 


10-15 






47. 943 
15,038 
46,566 


15-20 


1 


19, 739 


20-25 


25-30 






30-40 


i 


35, 681 






40-50 


1 

1 


41 729 


50-75 






66,873 


75-100 






100-250 






1 


151, 888 


250-500.. 
















500-1,000 • 


















1,000 and over 




































Total 


418 


3,728,319 


16 


79.068 


1,887 


12,218,699 


224 


684, 383 





For footnotes, see p. 101. 



98 



STATISTICS OF INCOME 



Table 8. — Individual returns for 1935 with net income of $5,000 and over — Frequencij 
distribution by size of profit and loss from business (other than partnerships) by 
industrial groups, showing number of businesses and amount > — -Contimied 





Industrial groups— Continued 


Size of profit and loss 
from business 

(Thousands of dollars) 


Service— Amusements 


Service— Curative (medicinal and 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 


7 

10 

9 

4 

13 

28 

52 

52 

56 

68 

527 

121 

47 

22 

10 

18 

5 

9 

4 

5 


$273 

1,538 

2 396 

1,432 

6, 058 

20, 515 

74, 758 

128, 648 

193,851 

308, 830 

3, 678, 153 

1, 420, 754 

820,481 

500, 076 

278.041 

627, 167 

213, 224 

520, 965 

317, 158 

695, 983 


5 
U 
4 

7 

37 

36 

18 

19 

16 

21 

6 

4 

3 

1 

3 

1 

3 


$353 

1.490 

1,093 

2,437 

3,130 

27. 601 

51,456 

44. 347 

6.5, 077 

70, 427 

145, 025 

70, 807 

64, 038 

70, 674 

25,614 

103, 836 

42, 639 

184, 865 


91 

102 

91 

66 

53 

309 

615 

720 

880 

1.040 

12.218 

2. 058 

781 

269 

135 

93 

24 

24 

4 


$3, 670 

15, 075 

22. 244 

22, 582 

23, 821 

233, 432 

917, 625 

1,806,434 

3, 086. 573 

4,733.734 

84, 892, 731 

31, 693, 185 

13, 390, 029 

5, 888, 706 

3, 660, 179 

3,117,465 

1, 052, 878 

1,450,681 

337. 523 


54 

43 

37 

28 

26 

111 

90 

31 

12 

10 

9 

2 


$2, 586 


0.1-0.2 


6,183 


0.2-0.3 -- 


8,822 


03-0.4 


9, 592 


0.4-0.5 


11,666 


0.5-1 


78, 322 


1-2 --- --- 


126, 313 


2-3 


77, 457 


3-4 


40, 593 


4-5 


44, 453 


6-10 


59, 921 


10-15.. 


25, 841 


15-20 




20-25 


1 


20, 010 


25-30 




30-40 






40-50 --- 






50-75 






75-100 






100-250 


1 


108, 736 






250-500 










500-1,000 


















1,000 and over 




































Total 


1,067 


9,810,301 


203 


1,08.3,645 


20, 173 


156, 348, 567 


454 


511,759 







For .ootnotes. see p. 101. 



STATISTICS OF INCOME 



99 



Table 8. — Individual returns for 1935 with 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— Educational 


Service— Engineering 


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 


47 
40 
31 
32 
18 
83 
83 
71 
61 
71 
624 
175 
79 
45 
17 
28 
17 
18 
11 
3 


$2, 182 

6,017 

7,646 

10. 884 

8,111 

59, 652 

121,364 

173,389 

212, 131 

319, 110 

4, 353, 862 

2,115,927 

1, 359, 190 

1,012,261 

453, 784 

938, 765 

756, 830 

1,190,813 

948, 382 

362, 953 


23 

22 

27 

14 

14 

44 

43 

15 

5 

3 

5 

2 

1 


$987 

3,137 

6,585 

4.899 

6,272 

33, 003 

61, 4.32 

36, 731 

16,867 

13,714 

35, 828 

21,556 

18, 567 


28 

22 

24 

20 

16 

64 

101 

78 

61 

70 

559 

143 

51 

28 

20 

14 

7 

4 

2 

1 

1 


$1, 453 

3,430 

5,777 

6,863 

7,037 

44, 688 

150, 478 

191, 729 

213,751 

315,383 

3,891,020 

1,756,146 

882, 188 

630, 365 

540, 920 

476, 864 

304, 658 

253, 416 

168, 808 

111,296 

257, 507 


21 
27 
22 
15 
6 

49 
40 
11 
13 
5 
14 
9 
2 
1 
1 


$946 


0.1-0.2 


4,205 


0.2-0.3 


5,674 


0.3-OA 


5,249 


0.4-0.5 


2,723 


0.5-1 


35, 620 


1-2 


53, 267 


2-3 


27, 351 


3-4 - 


46,914 


4-5 


22, 405 


.5-10 


101, 298 


10-15 . 


106, 089 


15-20 


32,415 


20-25. :.. 


20, 772 


25-30 






27, 765 


30-40 








40-50 










50-75 






1 


54, 867 


75-100 . . 








100-250 










250-500 - . 










500-1,000 














1,000 and over 




































Total 


1, 554 


14, 413, 253 


218 


259, 578 


1,314 


10, 213, 777 


237 


547, 560 









Industrial groups— Continued 


Size of profit and loss 
from business 

(Thousands of dollars) 




Service- 


Legal 




Service— All other 


Profit 


Loss 


Profit 


Loss 




Number 
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 


173 

139 

139 

105 

98 

404 

643 

562 

596 

739 

5.007 

1,538 

577 

270 

160 

158 

68 

68 

14 

17 

3 


$8, 336 

19, 934 

34, 161 

36, 224 

43, 362 

299, 947 

947, 127 

1, 400, 921 

2, 090, 949 

3, 351, 083 

35, 367, 143 

18. 491, 600 

9, 850. .388 

6, 057. 141 

4, 361, 680 

5, 437, 144 

3,013,399 

4,035,243 

1, 224, 558 

2,442,602 

999, 062 


82 
66 
39 
44 
29 
97 
105 
36 
22 
9 

20 
4 
2 


$3, 253 
9,699 
9,553 
14,891 
12,918 
71, 459 

152, 556 
87, 619 
74,406 
39, 958 

139. 230 
45, 073 
36, 044 


26 

24 

27 

33 

20 

92 

147 

137 

143 

198 

1,871 

422 

143 

58 

25 

26 

9 

8 


$1,339 

3,428 

6,791 

11,750 

8,886 

67,995 

218. 623 

343, 628 

501, 151 

904, 830 

12, 964. 640 

5.093,412 

2,420,119 

1,291,158 

682, 474 

879, 235 

405, 096 

496,011 


18 

9 

9 

11 

10 

30 

20 

12 

8 

6 

7 

1 


$797 


0.1-0.2 


1,303 


0.2-0.3 


2,292 


0.3-0.4. 


3,803 


0.4-0.5 


4,365 


0.5-1 


21,830 


1-2 


30, 160 


2-3 


30, 339 


3-4 


28, 046 


4-5 


27, 239 


5-10 


45, 102 


10-15 


10; 244 


15-20 




20-25 


1 


23,484 


25-30 








30-40 


1 


35, 715 






40-50 






50-75 










75-100 










100-250 






2 


281, 676 






250-500 










500-1,000 














1,000 and over 




































Total 


11,478 


99, 511, 904 


556 


732, 374 


3,411 


26, 582, 242 


142 


229,004 







For footnotes, see p. 101. 



100 



STATISTICS OF INCOME 



Table 8. — Individual returns for 19S5 with 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) 


Finance— Investment brokers 


Finance— Real estate 


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. 


5 

5 

4 

1 

1 

16 

38 

32 

34 

43 

257 

103 

61 

38 

24 

21 

8 

11 

3 

1 


$323 

806 

999 

311 

400 

10, 951 

64, 168 

79, 472 

118,364 

191,538 

1,834,490 

1, 270, 680 

1,062,482 

853, 5.54 

6.56, 131 

729, 774 

345, 243 

691, 552 

254, 665 

225, 703 


5 
4 
3 
7 
5 

17 

25 

14 

7 

10 
12 
5 
1 
1 
1 
3 


$235 

619 

709 

2.383 

2, 353 

11,935 

35, 758 

37, 200 

23. 744 

43, 165 

90, 437 

66, 147 

15, 732 

20,018 

27, 746 

107, 772 


17 

13 

14 

10 

16 

M 

94 

73 

78 

71 

458 

90 

35 

13 

2 

9 

2 

2 

1 


$865 

1,687 

3,414 

3,474 

6,977 

47, 177 

138. 630 

186, 9S2 

274, 000 

324, 029 

3,171,109 

1,071,412 

601,109 

283, 507 

54, 666 

321, 734 

88, 032 

140, S72 

80,633 


12 

18 

10 

14 

16 

46 

41 

15 

12 

13 

25 

10 

6 

2 

2 

3 

1 


$740 


0.1-0.2- 


2.464 


0.2-0.3 


2,313 


0.3-0.4 


4,731 


0.4-0.5 


7,103 


0.5-1.. 


34, 149 


1-2 


60, 823 


2-3 


37, 742 


3-4 


40, 846 


4-5.. 


68, 939 


6-10 


167, 835 


10-15 


119,093 


15-20. 


104. 000 


20-25 


42,037 
56. 207 


25-30 


30-40. 


92, 376 


40-50... 


42, 706 


50-75 


1 
1 


52, 600 
93, 039 




75-100 






100-?50 






2.50-500, 














600-1,000. 


















1,000 and over 




































Total 


708 


8, 381, 606 


122 


631, 592 


1,062 


6,800,369 


246 


874, 104 







For footnotes, see p. 101. 



STATISTICS OF INCOME 



101 



Table 8. — Individual returns for 1935 with net ijicome 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) 


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 


Amoimt 


Num- 
ber of 
busi- 
nesses 


Amount 


Under 0.1.. 


49 

46 

39 

44 

25 

142 

243 

229 

196 

199 

1,696 

454 

162 

82 

50 

40 

13 

16 

5 

5 


$2, 468 

6,841 

9,595 

15, 336 

11,130 

105, 136 

356, 644 

579, 713 

686. 676 

905, 192 

11,915,413 

5, 476, 142 

2, 79C, 022 

1, 817, 020 

1, 383, 840 

1, 374, 928 

581, 847 

973. 847 

441.218 

685, 863 


17 
15 
17 

9 
12 
34 
39 
19 

9 
11 

8 

8 


$907 
2,300 
4,184 
2,960 
5,297 
23, 911 
58, 922 
46, 119 
30,244 
47. 836 
54, 434 
90, 110 


145 

147 

99 

87 

65 

270 

343 

272 

264 

277 

1,939 

464 

142 

73 

41 

50 

24 

19 

9 

2 


$6, 548 
21, 122 
24,136 
29, 579 
28,724 
197, 610 
497, 415 
678, 263 
914, 575 

1, 255, 283 
13, 346, 683 

5,568,865 

2, 40«, 179 
1, 607, 625 
1, 112, 179 
1, 723, .581 
1, 070, 801 
1, 144, 020 

736, 009 
285, 965 


47 

60 

51 

45 

28 

144 

154 

81 

52 

28 

53 

17 

8 

6 

4 

8 


$2, 306 


0.1-0.2. 


8,876 


0.2-0.3 


12, 730 


0.3-0.4 


15, 637 


0.4-0.5 


12, 559 


0.5-1. 


103, 360 


1-2 


219, 053 


2-3 


197, 672 


3-4 


181, 826 


4-5. 


123. 957 


5-10- 


353,063 


10-15 


198, 847 


15-20 


137,042 


20-25 


1 


22, 996 


134, 119 


25-30 


104. 590 


30-40 






270, 358 


40-,'iO 


2 

1 


88. 507 
70, 192 




50-75 


3 


206, 062 


75-100 




100-250 










250-500 


1 


281, 274 






500-1.000 














1,000 and over .. .. 




































Total 


3,735 


30, 124, 871 


203 


830, 193 


4,732 


32, 655, 162 


789 


2, 282, 055 







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



102 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, by States and Territories and by net income 
classes, showing number of returns, net income and total tax; also totals for pre- 
ceding years 



Net income classes 
(Thousands of dollars) 


Alabama 


Arizona 


Number 

of 
returns 


Net income 


Total tax 


Number 

of 
returns 


Net income 


Total tax 


Under 1 (est ) ' 


1, 563 

88 

2,620 

1. 960 

1, 500 

1,966 

2,618 

1,047 

3, 806 

609 

1,480 

992 

513 

1,045 

133 

782 

50 

613 

45 

788 

445 

297 

244 

157 

127 

93 

53 

66 

60 

144 

79 

31 

33 

17 

5 


$1, 069, 376 

39, 013 

3, 146, 026 

2, 568, 756 

2, 622, 952 

3, 402, 844 
6, 025, 820 

2, 333, 130 
10, 298, 472 

1, 877, 970 

4, 735, 129 

3, 213, 173 
1,889,516 
3, 897, 489 

555, 396 

3, 320, 384 
235, 604 

2, 897, 535 
244, 350 

4, 306, 272 
2, 880, 907 
2,221,654 
2. 065, 530 
1,482,663 
1,328,691 
1,065,614 

060, 525 

889, 944 

871,077 

2, 461, 071 

1,751,808 

845, 400 

1, 119,953 

760, 453 

263,114 

394, 150 




1,011 

2 

1,549 

1,049 

1,104 

1,387 

1, 168 

590 

1,034 

429 

044 

•134 

247 

575 

73 

393 

32 

324 

20 

374 

233 

140 

73 

45 

35 

34 

10 

15 

21 

45 

IS 

12 

9 

1 

2 
1 


$623, 811 

1,440 

1,894,662 

1, 380, 424 
1, 937, 369 

2, 398, 235 
2, 638, 921 
1,309,716 
4, 452, 472 
1,193,710 
2,051,311 
2,053,111 

905,231 

2,104,315 

304, 133 

1,068,852 

150, 025 

1,536,519 

107, 658 

2, 043, 559 

1,.')03,046 

1,046,915 

618, 528 

426, 303 

367, 361 

.391,841 

125,477 

203,008 

304, 793 

766, 849 

399, 300 

328, 157 

313, 300 

314,117 

m 
(>) 
m 




Under 1 (est.) -- - 


$924 


$25 


1-1 5 (est ) ' 




1-1.5 (est.) . 


14, 837 


7,729 


1.5-2 (est ) ' - - 




1.5-2 (est.) . 


41, 220 


26, 565 


2-2 5 (est ) ' 




2-2.5 (est.) 


36, 693 


18, 809 


2.5-3 est ) I 




2.5-3 e.st.) 


18, 565 


11,941 


3-3.5 (est.) ' -- 




3-3.5 (est.) 


24, 105 


19,417 


3.5-4 (est ) ' 




3.5-4 (est.) - 


34, 119 


22, 437 


4-4.5 (est ) ' 




4-4.5 (est.) 


34, 713 


20.014 


4 5-5 (est ) > 




4.5-5 (est.) - - 


34, 194 


23,219 


5-6' 




5-6 


62, 652 
49, 339 

49, 050 
57, 132 

50, 963 
49, 139 
42, 025 
29, 762 
45, 558 
45, 042 

152, 988 
138, 867 
82, 796 
133,036 
110,646 
41, 830 
82, 074 


37, 076 


6-7 . 


34, 044 


7-8 


31, 043 


8-9 - 


20, 775 


9-10— 


16,428 


10-11 


15, 9.52 


11-12 . - . - 


19,445 


12-13 - 


5,961 


13-14 . 


10, 348 


14-16 ..- 


18, 540 


15-20 . 


48,954 


20-25 - - 


30, 060 


25-30 


35, 878 


30-40 


39. 362 


40-50 


47, 623 


50-60. - 


(') 


60-70 


s 


70-80 


80-90 


2 

1 
1 
2 


(») 
(") 
(») 
(») 






90-100- 








100-150 


1 


« 


(») 


150-200 




200-250 






















300-400 














400-500 














500-750. 














750-1,000 














1,000-1,500 














1,1500-2,000 














2,000-3,000 














3,000-4,000 














4,000-5,000 




























Classes grouped ' 




702. 183 


239, 259 




373, 502 


85, 614 










Total. 


26, 141 


80, 443. 944 


1, 701, 528 


13, 941 


38, 298, 031 


647, 85& 






Sunimary for preceding years:^ 
1934 


23, 072 

19, 962 

20, 680 
19, ,532 
22. 605 
25,818 
26,891 

27, 992 

28, 540 
26, 278 


69, 229. 199 
53, 673. 478 
54, 020, 284 

70, 309, 297 
93, 900, 510 

122. ,569. 172 
142. 107,220 
133, 224. 614 
136, 523, 003 
130. 024, 575 


1, 407. 104 
978, 404 
769, 932 
640, 467 

1, 353, 584 
2,087.718 
4, 035. 792 

2, 455, 166 
2, 449, 196 
2, 326, 213 


11, .378 
8. 588 
8, 900 
8, 035 
10, 590 
12.448 
11,527 
11,059 
10.509 
10. 104 


29, 802, 959 
20,851,766 
23, 354, 960 
28, 745, 823 
42, 775, 084 
60, 788, 434 
.58, 368, 659 
4.5,8.37.158 
41, 716, 578 
41, 382, 939 


391. 723 


1933 


265, 635 


1932 


305, 405 


1931 


247. 280 


1930 


584, 274 


1929 


1, 113,778 


1928 


1, 600, 309 


1927 


997, 800 


1926 


498, 896 


1925 . . 


544, 953 



For footnotdl, see p. 126. 



STATISTICS OF INCOME 



103 



Table 9. — Individiial returns for 1935, 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) 



Arkansas 



Number 

of 
returns 



Net income 



Total tax 



California 



Number 

of 
returns 



Net income 



Total tax 



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 (St.) 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.) 1. 

4-4.5 (est.) 

4.5-5 (est.) 1 

4.5-6 (est.) 

5-6' 

5-G 

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 

100-1-50 

150-200 

200-250 

250-300 

300-400 - 

400-500 

500-750— - 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000 and over 

Classes grouped '. 

Total 



1,011 

40 

1,412 

989 

991 

670 

1,452 

318 

2,020 

449 

925 

641 

275 

606 

107 

348 

54 

234 

19 

451 

278 

195 

123 

98 

66 

48 

41 

32 

44 

60 

29 

25 

20 



$628, 656 
19, 091 
1, 723, 997 
1, 270, 434 
1, 736, 128 
1,144,637 
3, 315, 874 

705, 818 
5, 490, 707 
1, 261, 408 
2, 946, 038 
2, 091, 335 
1,021,306 
2 268, 523 

444, 023 

1, 476, .533 
253, 226 

1,110,500 
104, 107 

2, 468, 309 
1,798,185 
1, 455, 024 
1.045,377 

927,014 
688, 691 
552, 041 
512, 076 
431, 390 
639, 949 
1,039,950 
633,072 
679, 435 
689, 799 
406, 265 
(») 



$549 
'6,"63i" 



12, 415 



10, 650 



8,564 



10, 833 



14, 972 

"u',im 



13, 694 



37, 473 
32, 217 

33, 388 
31,578 
32, 384 
26, 178 
24, 726 
24, 709 
20, 897 
35, 254 
67, 056 
.50, 303 
62, 774 
82, 698 
53, 745 

m 



22, 965 

564 

41. 379 

35,084 

26,058 

35,533 

26, 002 

15, 403 

34, 790 

12, 132 

16,110 

16, 197 

5,129 

15, 787 

1,631 

12, 360 

766 

8,605 

549 

12, 327 

7,962 

4,450 

2, 855 

2,056 

1, 538 

1,255 

975 

787 

685 

2,186 

1,121 

667 

785 

358 

214 

136 

90 

70 

51 

87 

28 

13 

7 

6 

2 

2 



$14, 974, 723 
320, 707 
49, 837, 527 
45, 855, 195 
45, 235, 314 
61,011,069 
59, 100, 678 
33, 956, 731 
94, 908, 037 
33, 808, 265 

51, 580, 842 

52, 693, 954 
18, 933, 471 
.59,129.940 

6, 854, 460 

,52, 372. 594 

3, 607, 823 

40, 796, 103 

2, 973. 853 

67, 352, 309 

51, 340, 442 

33, 148, 697 

24, 182. 106 

19. 497, 175 

16, 105, 294 

14,409,217 

12, 165, 467 

10, 605. 531 

9, 922, 995 

37, 648, 333 

24, 944, 444 

18.236,2,51 

27, 155, 192 

15,885,105 

11.640,106 

8. 795, 435 

6,714,365 

5, 939, 133 

4. 854, 339 

10, 363, 620 

4, 722, 603 

2, 870, 303 

1,8.57,154 

1, 986, 974 

(2) 

C-) 



372, 245 



2, 009, 313 



14, 085 



43,351,163 



796, 832 



367, 757 



1, 172, 303, 199 



Summary for preceding years:' 

1934 

1933 

1932 

1931 

1930 

1929 

1928 

1927 

1926 

1925. 



13, 318 
11,427 
10, 350 
9,873 
12, 490 
15, 813 
16, 660 
17, 331 
19, 363 
20, 597 



38, 885, 585 
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 



677,515 

370, 043 

215,937 

107, 830 

241,787 

712,954 

877, 747 

1, 339, 952 

1,481,272 

1, 434, 504 



315, 766 
286, 580 
295, 650 
248, 722 
293, 048 
309, 047 
316. 738 
315,566 
315,344 
305, 074 



968,067,116 

785, 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 



$7, 712 
252,821 



713, 097 
534,' 264 



361, 498 
"454,"297 



596, 846 
"646.'2ii 



596, 209 



1, 278, 115 

1,116,539 

921, 999 

825. 307 

767, 688 

696, 418 

675, 624 

614, 737 

573, 394 

565, 152 

2, 469, 706 

2, 060, 347 

1,834,696 

3, 412. 786 

2, 385, 522 

2, 076, 766 

1, 859, 898 

1,521,069 

1, 497, 777 

1, 349, 078 

3, 428, 984 

1, 855, 965 

1, 245, 801 

853, 805 

955, 263 

(') 

W 



1,011,941 



42. 033, 332 



33, 380, 393 
21, 444, 162 
21, 635, 950 
14, 732, 280 
27, 136, 057 
45, 360, 278 
63, 707, 136 
46, 044, 994 
46, 238, 346 
37, 127, 167 



For footnotes, see p. 126. 



104 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, 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) 


Colorado 




Connecticut 




Number 
of re- 
turns 


Net income 


Total tax 


Number 
of re- 
turns 


Net income 


Total tax 


Under 1 (est.)' 


2, 595 

126 

3,843 

3,376 

2,584 

2,124 

2,754 

883 

3,502 

940 

1,626 

1,391 

687 

1,225 

291 

834 

90 

696 

64 

1,022 

703 

439 

335 

230 

184 

123 

102 

88 

75 

201 

112 

68 

63 

36 

15 

12 

8 

7 


$1, 642, 695 

60, 608 

4, 660, 277 

4, 354, 765 

4, 498, 965 
3, 637, 1 18 
6, 256, 470 
1, 968. 525 
9. 474. 065 
2. 642. 737 

5. 222, 499 
4, 534. 155 

2, 521, 701 

4, 577, 530 
1, 231, 692 

3, 540, 455 
419, 539 

3, 298, 744 
344, 483 

5. 590, 542 

4. ,560. 833 
3. 286, 299 
2, 852, 463 
2, 180, 066 
1,927,012 
1, 414, 658 
1, 275, 772 
1, 184, 217 
1,085,579 
3, 453, 152 
2,494,818 
1, 855, 027 
2, 160, 262 
1,617,121 

801,449 
767, 423 
587, 940 
603, 259 




5,858 

331 

18, 945 

11,666 

6,947 

7,970 

6,550 

3,238 

9,132 

2,177 

4,109 

2, 596 

1,892 

2,397 

788 

2,036 

479 

1,729 

274 

2,527 

1,905 

1,347 

935 

756 

514 

449 

368 

284 

264 

824 

480 

280 

328 

172 

106 

68 

46 

24 

8 

47 

20 

7 

5 

5 

3 

1 

1 


$3,995,861 

188, 821 

22, 130, 555 

14, 981, 993 

12, 068, 940 

13, 676, 953 

14, 865, 359 

7, 174, 726 

24, 917, 737 

6, 051, 936 

13, 181, 562 

8, 471, 283 

7, 007, 739 

9,006,427 

3, 337, 383 

8, 637, 394 

2, 272, 875 
8,189,801 
1,485,098 

13, 831, 322 
12, 307, 480 
10,069,232 

7,924,807 
7, 166, 440 
5, 395, 601 
5, 155, 075 
4, 596, 313 
3, 963, 928 
3, 828, 015 

14, 244, 306 

10, 718, 597 
7,681,135 

11, 388, 618 
7. 657, 420 
5, 796, 299 
4, 373. 340 
3. 428. 456 
2, 013. 828 

756. 381 
5,488,082 

3, 453, 139 
1, 609, 072 
1, 373, 832 
1, 712, 737 

(2) 
(2) 
(') 




Under 1 (est.) 


$1, 448 


$4. 477 


1-1.5 (est.)' 




1-1.5 (est.) 


21. 802 


72, 359 


1.5-2 (est.)' 




1.5-2 (est.) 


41. 223 


157, 654 


2-2.5 (est.)' 




2-2.5 (est.) 


29. 808 


114, 238 


2.5-3 (est.)i 




2.5-3 (est.) 


20. 189 


64, G25 


3-3.5 (est.)' 




3-3.5 (est.) 


32, 205 


67,214 


3.5-4 (est.)' 




3.5-4 (est.) 


34, 099 


74, 141 


4-4.5 (est.)i 




4-4.5 (est.).. 


36, 148 


78, 709 


4.5-5 (est.)' 




4.5-5 (est.) 


40. 412 


90, 842 


5-6' 




6-6 


91,875 
81,311 
72, 762 
77,301 
71,036 
69, 035 
57, 578 
57, 337 
59. 572 
53, 903 
208. 980 
190. 570 
176.902 
251. 965 
234, 307 
133, 242 
146,512 
125, 178 
149, 995 


188, 051 


6-7 


198, 545 


7-8 


200, 806 


8-9 


201, 904 


9-10 


222. 044 


10-11 . . - 


190,241 


11-12 


195, 168 


12-13 


192, 636 


13-14 


180, 505 


14-15 


185, 780 


15-20... 


822, 403 


20-25.. 


807,211 


25-30 


715, 421 


30-40. 


1, 322, 108 


40-50 . ... 


1,079,5% 


50-fiO 


980, 479 


60-70 


835, 911 


70-80 


757, 583 


80-90 


487, 557 


90-100 


207, 546 


100-150 


9 
8 
1 
1 
1 
1 


1,071.011 
1. 360, 322 

(2) 

(2) 

m 


339, 285 
520, 220 

(2) 

(2) 
(=) 


1,732,081 


150-200 


1,340,869 


200-250 


686, 533 


250-300 


604, 114 


300-400 


800, 719 


400-500 


(2) 


500-750 


(') 


750-1,000 








(') 


1,000-1,500 










1,500-2,000 














2,000-3,000 














3,000-4,000 














4,000-5,000 




























Classes grouped ' 




1, 362. 469 


631, 059 




2, 727, 315 


1, 367, 267 










Total 


33. 475 


108. 379. 317 


4, 057, 259 


100, 898 


340, 303, 213 


17, 227, 337 


Summary for preceding years:' 
1934 


31, 232 
28,725 

30, 537 
25, 279 
28. 986 

31, 268 
31.091 
31,727 
35,110 
35, 808 


94. 502, 319 
74. 445, 866 
82, 077, 771 
96. 661. 700 
125. 795. 609 
1.58, 751, 528 
158, 931, 875 
148, 473, 486 
154, 804, 655 
150, 363. 411 


3. 281, 526 
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 


91, 352 
81, 850 
86, 308 
65, 306 
74, 821 
82. 049 
81.063 
77, 778 
81,449 
74, 595 


288, 693, 183 
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 


12, 325, 678 


1933 


8,691,835 


1932 


8, 155, 965 


1931 


6, 067, 228 


19.30 


11.435,656 


1929 


23,693,045 


1928 


23, 104, 139 


1927 


16,117.674 


1926 


13,751,314 


1925 


13, 533, 990 







For footnotes, see p. 128. 



STATISTICS OF INCOME 



105 



Table 9.— Individual returns for 1935, 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) 



tinder 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. )' 

3-3.5 (est.) 

3.5-4 (est.)i 

3.5-4 (est.) 

4-4.5 (est.)i 

4-4.5 (est.) 

4.6-5 (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. _. 

1,0()0-1,.500 

1,500-2.000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5.000 and over... 
Classes grouped - 



Total- 



Delaware 



Number 
of re- 
turns 



763 

53 

1,411 

1,301 

847 

706 

860 

248 

1,004 

343 

444 

436 

142 

353 

95 

265 

40 

216 

37 

332 

274 

171 

131 

111 

78 

66 

63 

60 

34 

136 

81 

62 

60 

40 

26 

14 

18 

9 

5 

13 

15 

3 

3 

4 

6 

5 

6 

1 



Net income 



Total tax 



District of Columbia 



Summary for preceding years: 

19.34. 

1933 

1932. 

1931 

1930 

1929 

1928 

1927.. 

1926 

1925...- 



11,371 



$520, 687 
22, 976 
1, 688, 372 
1, 657, 617 
1, 472, 347 

1, 221, 193 
1, 965, 400 

552, 980 

2, 720, 454 
958, 685 

1, 421, 743 
1, 412, 146 

527, 844 
1,318,204 

400, 192 
1,122,277 

189, 572 
1, 025, 066 

202, 539 
1, S20, 228 
1, 780, 699 
1, 276, 825 
1,112,633 

1, 054. 943 
816, 118 
763, 217 
788, 415 
675, 916 
495, 309 

2, 341, 490 
1,814,032 
1,430,870 
2, 070, 415 
1, 777, 343 
1, 418, 197 

906, 139 

1, 340, 249 

775, 646 

472, 555 

1, 579, 356 

2, 510, 978 
648, 650 

1, 409, 550 

2, 626, 859 
3, 022. 485 
5, 306, 925 

(2) 



$560 
'7,"685 



12, 939 
"'7,"i8i' 



9,255 



9,853 



10, 206 



11, 130 



2, 323, 589 



64, 759, 925 



10, 620 
9,910 
9,822 
8,284 
9, 342 
9,780 
9. 592 
9,266 
9,301 
9.131 



55, 073, 452 

45, 536, 527 

46, 026. 220 
51, 044, 537 
64, 913, 288 

148, 8,50, 300 
107, .335, 477 
90, 202, 899 
70, 544, 423 
54, 897, 972 



26, 564 
25, 548 
27,817 

27, 372 
38, 540 

28, 394 
28, 458 
33, 191 
31, 639 
40, 080 

134, 727 
136, 483 
130, 132 
234, 388 
248, 492 
234, 577 
172, 798 
289. 881 
189, 326 
122, 226 
503^ 932 
933, 755 
266, 422 
(2) 
650, 553 
1, 257, 374 

1, 527, 805 

2, 793, 240 

(2) 



Number 
of re- 
turns 



2,139 

271 

8,404 

21,517 

5,967 

11,426 

4,782 

3,300 

6, 9.S2 

4,224 

3,407 

5,270 

1,253 

3,795 

303 

2,265 

96 

1, 565 

56 

2,773 

1,553 

927 

571 

427 

291 

230 

219 

129 

111 

411 

205 

126 

126 

62 

40 

21 



Net income 



$1, 631, 464 
133, 343 
10, 363, 360 
27, 762, 084 
10, 271, 352 
19, 263, 289 
10, 881, 806 

7, 295, 885 
18, 962, 286 
11, 858, 895 
10, 888, 751 
17, 074. 391 

4, 588, 625 
14,173,565 

1, 263, 244 
9, 608, 951 

449, 693 

7, 426, 375 

301,510 

15, 170, 252 

9, 995, 954 

6, 899, 391 
4, 833, 101 
4, 049, 144 

3, 048, 878 

2, 646, 493 
2, 724, 710 

1, 737, 756 
1,611,134 

7, 070, 002 

4, 560, 964 
3,421,056 
4, 443, 839 

2, 758, 261 
2, 183, 816 
1, 377, 012 

590, 912 

667, 444 

1, 048, 808 

1, 742, 969 



(2) 



1, 190, 392 



11,401,715 



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, 884 
2, 780, 200 



95, 271 



82, 871 
69, 967 
73, .501 
51.920 
51,044 
48, 087 
44, 183 
39, 560 
40. 024 
43, 298 



1, 886, 341 



268, 667, 106 



234, 925, 250 
192, 79.5, 436 
213, 475, 879 
200, 628, 347 
217, 558, 448 
242, 282, 698 
227, 620, 606 
198, 938, 042 
198, 055, 768 
200, 353, 699 



Total tax 



$2, 652 
"i40,"854 



179, 680 
'i00,"497 



84,099 



100, 413 



110, 429 
"93,'95o 



94,834 



246, 886 
198, 022 
161, 839 
141. 117 
140, 567 
124, 982 
113, 759 
127, 820 
87, 119 
87, 303 
445, 522 
371,953 
340, S94 
558, 832 
418,707 
386, 642 
273, 230 
137, 271 
169, 954 
275, 079 
588, 152 

(») 
(') 



(') 



5, 653. 864 
4, 625, 042 
5.115,177 
2, 974, 707 

4. 200, 940 
6, 408, 622 
7, 474, 643 
6, 027, 133 

5, 526, 436 
5, 718, 046 



For footnotes, see p. 126. 



106 



STATISTICS OF INCOME 



Table 9. — hidividual returns for 1935, 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 dollais) 



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.)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 -- 

B-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,, 100-2.000. 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000 and over 

Classes grouped '. 



Total. 



Florida 



Number 
of returns 



Summary for preceding years: ' 

1934.. 

1933_ 

19.32 

1931...- 

1930..- 

1920 

1928- 

1927- 

1926 

1925 



2,917 

116 

3,501 

2,915 

2,959 

1,789 

3.320 

1,027 

4,415 

1.180 

2,149 

1,744 

798 

1,437 

283 

1,194 

101 

887 

127 

1.197 

915 

565 

415 

321 

260 

202 

146 

126 

98 

338 

182 

96 

105 

57 

39 

22 

16 

9 

9 

22 

5 

7 

1 

5 

1 

1 



Net income 



$1. 890, 675 
56, 466 

4, 228, 202 

3, 733, 161 
5,163,415 
3, 088, 373 
7, 530, 413 
2. 275, 218 

11.995,540 
3, 324, 609 
6, 891. 532 

5. 700. 154 
2.951,059 
5, 382. 665 
1, 188, 035 
5. 057, 222 

468. 893 
4. 203. 118 

690, 464 
6, 527, 870 
5,917.517 

4, 219. 798 
3. 509, 823 
3.047.312 
2.714,146 
2, 325. 325 
1,815,499 
1, 698, 361 
1.418,781 

5, 788. 710 
4. 074. 875 
2, 614. 093 
3. 621. 628 
2, 539. 106 
2, 147, 137 
1,437.159 
1, 204. 038 

756. 673 

852. 147 
2. 678, 186 

856, 893 
1. 599, 075 

(2) 
1. 754, 090 

m 
(2) 



{') 



Total tax 



$1, 336 
is,' 597 



34, 332 
'34,"774' 



27, 608 
'36,110 



42, 326 

ho'm 



49, 554 



99. 770 

101, 727 
91.788 
98. 563 

101.306 

102, 548 
93, 099 
80, 998 
82, 072 
69, 709 

345, 527 
312, 158 
249.831 
454. 387 
381,970 
367, 597 
280, 923 
264, 753 
186, 622 
223, 932 
881. 875 
325, 385 
675, 346 

809. 740 
(2) 



m 



Georgia 



Number 
of returns 



2,372 

60 

6.304 

2,678 

3,656 

2,665 

3,921 

1,447 

6.744 

983 

3.378 

1,624 

1,115 

1,774 

310 

1,551 

120 

1,253 

79 

1.108 

829 

580 

387 

263 

236 

189 

131 

109 

95 

305 

154 

88 

76 

45 

27 

10 

13 

5 



3, 755, 952 



38, 021 



32, 550 
28, 775 
29, 303 
25, 340 
28, 133 
30, 040 
32, 155 
40, 080 
56, 109 
76,213 



144, 693, 408 




1, 956. 391 



8, 933. 457 



5. 597, 287 
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 



46, 702 



38. 137 
32. 229 

31. 730 
25, 729 
28, 996 

32. 289 
32. 921 
33,818 
36. 744, 
37,410 



Net income 



$1,615,971 
30, 333 
7, 607, 182 
3, 588, 651 
6, 284, 924 
4, 597, 759 
8,941,634 
3,197,481 

18, 380, 062 

2, 735. 944 
10. 794, 677 

5, 294. 042 
4. 074, 808 
6. 657, 644 
1,316.099 

6, 587, 273 
565, 926 

5,914,554 
429, 322 
6, 050, 421 
5, 367, 492 
4, 332, 828 

3, 286, 384 
2, 490, 546 
2, 474. 904 
2,172.765 
1, 632. 826 
1. 468. 381 
1, 374. 783 
5, 265. 764 
3,433,316 
2, 400, 828 
2, 509. 083 
2. 003, 293 
1,484.647 

638, 979 
977, 385 
432, 003 
568, 546 
811,947 
(2) 



1,111,765 



150, 963. 172 



122. 612, 284 
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 



For footnotas, see p. 126, 



STATISTICS OF INCOME 



107 



Table 9.— Individual returns for 19S5, 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 


Hawaii 




Idaho 




(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.)'. 


1,186 

48 

1,669 

1,351 

997 

864 

747 

333 

1,236 

381 

693 

545 

273 

516 

134 

365 

50 

235 

32 

383 

255 

186 

117 

88 

92 

54 

43 

33 

27 

116 

54 

35 

43 

23 

7 

14 
6 
11 
2 
14 
3 


$.595, 246 

24, 742 

2, 028, 422 

1, 700, 007 

1,717,491 

1, 474, 180 

1,685,058 

743, 687 

3, 369, 850 

1,059,494 

2, 214, 087 

1,767,329 

1, 010, 283 

1, 924, 670 

563, 579 

1, 544, 433 

238, 559 

1,115,856 

174, 399 

2, 104, 436 

1, 646, 865 

1, 383, 075 

991,071 

830,984 

961, 665 

618, 692 

534, 097 

445, 875 

393, 124 

2,012,051 

1, 196, 635 

947, 565 

1, 473, 706 

1, 029, 900 

378, 606 

907, 132 

443, 739 

943, 551 

m 

1, 733, 266 
511,740 




261 

8 

1,520 

1,4.30 

691 

767 

454 

376 

1, 512 

399 

676 

557 

245 

549 

68 

355 

31 

274 

20 

360 

183 

85 

57 

17 

29 

12 

11 

7 

10 
15 
13 
6 
7 


$165, 367 

5,229 

1,789,396 

1,822,715 

1, 197, 626 

1,294,418 

1, 027, 665 

825, 829 

4,117,196 

1,117,877 

2, 157, 929 

1,807,063 

899, 634 

2, 057, 943 

290, 476 

1, 505, 616 

146, 604 

1, 303, 241 

109, 508 

1,956,951 

1, 176, 525 

629, 988 

476, 214 

159, 483 

304, 305 

138, 808 

137,020 

94, 913 

144, 920 

253, 673 

294, 444 

163,088 

231, 349 




Under 1 (est.) 


$190 


$39 


1-1.5 (est.)i 


1-1.5 (est.)... 


7,442 


8,479 


1.5-2 (est.)i 


1.5-2 (est.) 


15, 925 


13, 541 


2-2.5 (est.)< 


2-2.5 (est.) 


9,672 


11 141 


2.5-3 (e.st.)i 




2.5-3 (est.) 


8,798 


9,063 


3-3.5 (est.)' 


3-3.5 (e.<!t.).- 


10, 262 


16,451 


3.5-4 (est.)i 


3.5-4 (est.) 


12, 228 


22. 575 


4-4.5 (est.)' 


4-4.5 (est.) 


10,799 


18, 769 


4.5-5 (est.)' 


4.5-5 (est.). 


9,707 


20, 057 


S-6« 


5-6. 


27,957 
24, 612 
26, 877 
24, 636 
23, 669 
32,814 
22, 246 
22,017 

18, 449 

19, 169 
115,359 

83, 339 

84, 788 
162, 273 
142, 403 

62, 605 
174, 200 

96, 867 
228,933 

(2) 

555, 179 
194. 602 


33 319 


6-7 


24, 783 
18,997 
15, 903 
5,727 
12, 672 
7,252 
6,317 
5,680 
8,816 
18 419 


7-8 


8-9. 


9-10 


10-11 .. 


11-12... 


12-13 - 


13-14 


14-15 


15-20 


20-25 


25, 2.57 
16, 939 
30, 907 


25-30. 


30-40 ... 


40-50 


60-60 








60-70 








70-80 








80-90.... 








90-100 








100-150 








150-200 








200-250. 








250-300 


1 


(0 


(') 








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 ^ 




462, 675 


168, 236 


















Total . 


13, 262 


46, 901, 822 


2, 396, 253 


11, 005 


29, 803, 013 


351 103 






Summary for preceding years:' 
1934 .... 


11,252 
10, 835 
12, 192 

7, 328, 
7,869 
8,210 
8.047 
9, 252 
9,146 
9,306 


37,515,719 
34, 357, 940 
37, 277, 185 
33, 869, 092 
37, 245. 940 
43. 290, 997 
43, 349. 731 
44,618,510 
42, 950, 279 
41,465,375 


1,563.069 

1, 140, 546 

1,101,535 

815.673 

972. 216 

1, 220, 345 

1.311.756 

1, 200. ,^44 

1,096,213 

944, 053 


8.932 
6,072 
5,788 
5,684 
7, 852 
9,830 
9,808 
10, 673 
11.617 
12, 907 


23, 636, 891 
14.58?, 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 


281 770 


1933_. . 


130 027 


1932 


97, 113 


1931 


46, 045 




128 ?90 


1929 


184,325 


1928 


283, 172 


1927... 


247 272 


1926 


184 344 


1925 


170, 912 







For footnotes, see p. 126. 



108 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, 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) 



Number 
of returns 



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.)> 

2-2.5 (est.) 

2.5-3 (est. )i 

2,5-3 (e,st.) 

3-3.5 (est.)i- 

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.) 

6-6 1 

6-6— 

6-7. 

7-8 

8-9 

9-10. 

10-11 

11-12 

12-13 

13-14. 

14-15 

15-20. 

20-25.. 

25-30 

30-40 

40-50 

50-60 

60-70 

70-80 

80-90 

90-100 

100-150...- 

150-200 

200-250. 

250-300 

300-400 

400-500 

500-750-- 

750-1,000.. 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000^,000. 

4,000-5,000 

5,000 and over 

Classes grouped '. 

Total 



Illinois 



16, 983 

855 

49, 177 

32, 481 

22, 962 

30, 070 

23, 490 

13, 906 

37, 260 

10, 422 

15, 540 

13, 407 

4,945 

12,215 

1,285 

10, 533 

631 

7,996 

356 

10, 284 

6,834 

4,725 

3,233 

2, 450 

1,9.30 

1,637 

1,187 

1,024 

856 

2,760 

1,416 

865 

916 

471 

265 

148 

115 

83 

43 

101 

43 

16 

10 

14 

3 

4 

2 

1 

1 



Net income 



$11, 537, 706 

444. 009 

58, 699, 570 

42, 261, 963 
39, 636, 384 
51, 831, 138 
53, 491, 679 
30, 659, 128 

101, 188, 098 
28, 971, 216 
49, 757, 442 

43, 630, 723 
18, 264, 012 
45, 787, 968 

5, 404, 231 

44, 649, 576 
2, 982, 552 

37, 800. 778 
1, 935, 089 
56,117,955 
44, 210, 399 
35, 322, 104 
27, 400, 125 
23, 240, 836 
20, 212, 360 
17, 648, 916 
14, 790, 172 

13, 782, 476 
12, 406, 476 
47, 461, 008 
31, 527, 023 
23, 587, 714 
31,413,622 
21,114,782 

14, 466, 332 
9, 571, 461 
8, 586, 890 
7, 047, 608 
4, 059, 109 

12, 2,37, 468 
7,341,641 

3. 570, 429 
2, 655, 029 

4, 736, 374 
1,320,211 
2. 551, 794 

f=) 

(2) • 



345, 857 



Summary for preceding 
years:' 

1934.. 

1933... 

1932 _ 

1931.. 

1930 

1929 

1928 

1927 

1926 

1925 



310, 4,'^6 
282, 360 
286, 888 
270, 7.59 
327, 631 
369, 855 

373. 621 
378. 859 

374, 725 
357, 448 



4, 520, 075 



1,171,833,651 



1, 006, 
848, 
872, 

1, 182, 

1, 630, 

2, 258, 
2, 392, 
2, 093, 
1, Og.'i. 
1, 975, 



927, 934 
918, 593 
941. 170 
411,350 
447, 207 
945, 768 
631,092 
908, 574 
011,009 
436, 222 



Total tax 



Number 
of returns 



$10, 377 
'226;" 288" 



616, 357 
'476'060" 



335, 333 
"m689' 



411,811 



474, 491 
'476^797' 



909, 551 

805, 985 

805, 016 

778, 706 

772, 604 

767, 392 

736, 591 

670, 792 

673, 500 

646, 309 

2, 940, 961 

2,518,348 

2, 319, 716 

3, 802, 670 

3, 133, 927 

2,516,013 

1, 904, 133 

1, 932, 028 

1, 751, 277 
1, 155, 729 
4,016,417 
2, 822, 775 
1,504,201 
1,197,923 

2, 255, 516 
650. 661 

1,31.^905 

(n 

(2) 



2, 463, 309 



51, 134, 158 



Indiana 



Net income 



4,813 
153 
13,018 
9,063 
4,919 
6,747 
5,744 
2,374 
9,635 
2,575 



434 

3, 269 

1,544 

2,722 

4.30 

1,913 

169 

1,469 

95 

1,861 

1,290 

848 

606 

460 

355 

266 

222 

199 

143 

449 

230 

128 

118 

59 

35 

17 

13 

10 

8 

19 

4 

4 

2 



82, 436 



40, 398, 845 
28, 596, 5.59 
23, 914, 230 
22, 502, 123 
43, 703, 471 
86, 825, 072 
110,6.59,199 
73, 796, 361 
64, 213, 8.39 
64, 791, 507 



69, 623 
61, 675 
63, 722 
54, 534 
65, 679 
70, 493 

75, 376 

76, 703 
77, 126 
80, 300 



$3,251,917 
65, 722 
15, 382, S45 
11,801,772 
8, 488, 725 
11, 5.34, 135 
13, 113. 323 

5, 256, 700 
26, 149, 220 

7, 230, 468 
14, 179, 761 
10, 629, 642 

5,717,933 
10,187,112 

1, 809, 880 

8, 092, 702 
796, 977 

6, 950, 351 

515, 120 

10,167,044 

8,347,711 

6, 327, 317 
5, 134. 280 
4, 359, 667 
3,728,415 
3,041,621 
2, 773, 555 

2, 684, 463 
2, 075, 400 

7, 697, 342 
5, 136, 675 

3, 499, 992 
3, 996, 849 
2, 630, 795 
1,908,232 
1,102,495 

988, 201 
862. 884 
763, 257 
2, 249, 745 
672. 845 
920, 673 



2, 624, 404 



1,133,450 



245,979,617 



198, 442, 985 
101,600,241 
168, 607, '^93 
204, 130, 790 
280,940,214 
360, 846, 042 
365, 336, 866 
349, 434, 464 
358, 624, 820 
344, 266, 673 



Total tax 



$1,507 
"62;'83i 



135, 542 
"82,"i49 



52, 755 
'7i,"73i 



82, 514 



74, 567 



77, 055 



146, 290 
140,287 
140, 121 
138,914 
144, 570 
134. 028 
126, 273 
124,411 
129, 747 
108, 072 
460, 514 
388, 236 
342, 635 
462, 224 
388, 649 
319, 648 
219, 105 
223, 679 
216, 075 
205, 591 
705, 341 
256. 367 
389, 987 



1, 378, 978 



657, 063 



8, 487, 456 



6,881,939 
3, 965, 4.54 
3,311,606 
2, 540, 943 
5, 109, ,577 
8, 208. 031 
10, 100. 848 
8, 884, 047 
9, 934, 476 
7, 508, 733 



For footnotes, see p. 126. 



STATISTICS OF INCOME 



109 



Table 9. — Individual returns for 1935, 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) 



Number 
of returns 



Iowa 



Net income 



Total tax 



Kansas 



Number 
of returns 



Net income 



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.)i 

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-i.5 (est.) 

4.5-5 (est.)'.- 

4.5-5 (est.) 

5-6' 

5-6 

6-7 - 

7-8. - 

8-9 

»-10 

10-11 

11-12 .-- 

12-13 .- 

13-14 .- 

14-15 

15-20 

20-25 

25-30 

30-40.. 

40-50 

60-60 

60-70. 

70-80 

80-90 .- 

90-100. 

100-150 

150-200 

200-250 

250-300 

300-400 

400-501 

500-750 

750-1,000 

1,000-1,500_ 

1,500-2,000 

2,000-3,000 

3,000-^,000 

4,000-5,000 

5,000 and over 

Classes grouped 2. 

Total 



5,626 

131 

9,403 

6,734 

4,628 

3,817 

5,225 

1,684 

5,566 

1,677 

2,160 

1,957 

671 

1,694 

208 

1,174 

127 

915 

85 

1,324 

845 

501 

341 

252 

162 

157 

93 

90 

70 

200 

106 

61 

51 

21 

12 

7 

4 



$3, 807, 404 
62, 907 

11, 180, 902 
8, 601, 197 
8, 093, 759 
6, 543, 642 

11, 885, 089 

3, 737, 227 
15, 041, 540 

4, 716, 266 
6, 909, 822 

6, 357, 107 
2, 488, 732 
6, 354, 377 

875, 573 

4, 975, 369 

598, 409 

4, 325, 841 
469, 992 

7, 243, 646 

5, 457, 212 
3,731,475 
2, 887, 282 
2, 387, 390 
1, 098, 955 
1, 809, 290 
1, 155, 845 

1, 213, 668 
1,011,768 
3, 402, 109 

2, 356, 588 
1, 687, 402 
1,731,978 

929, 910 
661, 532 
461, 993 
302, 094 



$1, 440 
'40848' 



76, 391 
"6i,"048' 



37, 275 
"43,"273' 
'5i,'552" 



48,641 



50, 695 



108, 003 
101. 461 
79, 848 
79, 601 
74, 272 
58, 199 
74, 797 
51, 436 
66, 667 
50 294 
203, 518 
182, 410 
151,404 
197, 277 
130, 563 
112,394 
90, 609 
65, 376 



3,931 

75 

5,380 

2,379 

3,411 

3,116 

3,653 

1,229 

4,199 

968 

1,583 

1,322 

603 

1,557 

147 

1,231 

80 

989 

72 

1,015 

660 

466 

296 

207 

159 

134 

85 

81 

75 

183 

93 

37 

37 

17 

13 

4 

3 



$2, 542, 074 
42, 863 
6, 568, 732 
3, 195, 896 
5, 970 950 
5, 382, 844 
8, 283, 171 
2, 724, 005 

11, 380 388 
2, 693, 580 
5, 085, 883 

4, 300 571 

2, 238, 153 
5, 824, 317 

625, 264 

5, 207, 389 
378, 114 

4, 681, 768 
394, 370 

5, 536, 122 
4, 276, 325 

3, 483, 843 
2, 497, 586 
1, 966. 560 
1, 069, 210 
1, 538, 122 
1,059,730 
1,091,915 

1, 083, 660 
3, 169, 667 

2, 079, 945 
1,016,185 
1, 280 802 

756, 977 
702, 799 
254, 404 
(2) 



0) 
700, 146 



218, 906 



m 



Q) 



67, 788 



670, 492 
148, 525, 910 



282, 315 
2, 790, 513 



39, 492 



419, 981 
111, 404, 165 



Summary 
years: 3 
1934.-.. 
1933—. 
1932.— 
1931.... 
1930.— 
1929.... 
1928.-. 
1927-.- 
1926.— 
1925— 



for preceding 



47, 871 
40 329 
42, 624 
29, 850 
39, 917 
45, 023 
40 789 
45, 349 
49, 476 
50, 379 



119. 454, 155 
96, 835, 681 
109,841,833 
119, 218, 130 
174, 965, 757 
222, 103, 300 
221, 881, 247 
190, 436, 034 
203,015,362 
198, 735, 930 



2, 005, 786 
1, 441, 695 
1, 403, 991 
1, 137, 299 
2, 355, 567 
3, 924, 823 
6, 216, 041 
3,310099 
2, 917, 845 
3,111,096 



35,600 
30, 738 
29,643 
27, 495 
32, 660 
37, 557 
32, 929 
35, 575 
32, 732 
34, 284 



91, 867, 863 
71, 777, 244 
73, 547, 043 
91, 616, 462 
127, 629, 176 
181,661,364 
162, 394, 758 
157, 394, 402 
153, 673, 206 
141,511,127 



For footnotes, see p. 126. 



78020—38- 



110 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, 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.)' 
Unaer 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 



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 



Kentucky 



Number 
of ret urns 



2, 347 
116 
6.041 
3,046 
3,086 
2,375 
3,331 

l,loO 

4,295 

1,246 

1,976 

1,566 

762 

1,244 

299 

984 

140 

665 

131 

1,118 

773 

516 

368 

257 

196 

173 

123 

93 

76 

271 

150 

77 

78 

38 

19 

10 

9 

2 

2 

7 

4 

2 

1 



Net income 



$1, 610, 

74 

7, 320, 

4,689, 

5, 362 

4, 0S6, 
7,567 

2, 540, 
11,663 

3, 495, 

6, 334 

5, 060 
2, 815 
4, 642 
1, 260, 
4, 179 

■ 669, 
3, 154 



6, 123 
4, 985. 
3, 864 
3, 140, 

2, 435, 
2,054 
1. 984 
1, 539, 
1. 251 
1,100, 
4,654 

3, 335 
2,081 
2, 658, 
1, 685, 
1, 057, 

632, 
687, 
(') 
(2) 
865, 793 
644, 918 



Total tax 



$1,354 
"2i,'723 
"42,'379" 



36, 266 



26, 552 



34,110 



38, 759 



39, 864 



38, 896 



87, 885 

83, 803 

84, 204 
82,611 
78, 801 
73, 832 
79, 548 
67, 111 
56, 484 
55, 902 

280, 261 
253, 953 
194, 181 
324, 501 
245, 170 
185, 264 
120,711 
157, 487 

(») 

291, 051 
242, 312 

(') 

(2) 



Louisiana 



Number 
of ret urns 



2,525 

19 

5,163 

4.371 

2,486 

2,195 

2, 779 

1,094 

4,584 

1,342 

2, 265 

1,771 

774 

1,633 

236 

1,331 

111 

987 

72 

1,524 

870 

453 

311 

214 

181 

134 

83 

65 

.^6 

201 

109 

47 

69 

24 

16 

11 

6 

5 



Net income 



$1, 623, 047 

9,9-13 

6,102,067 

5, 541, bo9 

4, 3oo, ZiU 
3, 70S, 43o 

6, 3t3, 4Z9 

2, 441, 262 
12, 494, 452 

3, 760, 146 

7, 232, 687 

5, 779, Oil 
2,839,312 
6, 102, bOl 

991,911 
5, 657, 427 

519, 751 
4, 678, 973 

387, 052 
8, 302, 737 
5, 62o, 298 
3, 374, 748 

2, 634, 573 
2, 022, 482 
1, 893, 863 
1, 531, 412 

1, 031, 033 
878, 940 
809, 839 

3, 459, 844 

2, 425, 544 

1, 295, 529 

2. 379, 665 
1,036,683 

891, 944 
720, 476 
446, 187 
417, 216 



39, 763 



1, 090, 943 
125. 101, 178 



771,) 



40,123 



122, 582, 017 



Summary for preceding years: ' 

1934 

1933 

1932 

1931 

1930. 

1929 

1928 

1927 

1926 - - 

1925 --.. 



35, 333 
32, 332 
32, 454 
26, 991 
31,021 
34, 623 
35, 367 
33,004 
32, 821 
37, 315 



107,389,715 
90, 753, 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 



2, 726, 762 
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 



36, 871 
33,094 
33, 974 
28, 934 
32, 979 
35,093 
36, 981 
37,293 
38,996 
40, 695 



100, 168. 279 
86, 809, 2.':3 
92, 164, 323 
107, 673, 824 
138, 836, 043 
170,71.3,998 
184, 035, 325 
175, 2.54, 161 
185, 478, 850 
195, 585, 4S8 



For footnotes, see p. 126. 



STATISTICS OF INCOME 



111 



Table 9.- — Individual returns for 1935, by States and Territories and by net income 
classes, shotcing number of returns, net income and total lax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Under 1 (est.)i__. 

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.) 

3-2.5 (est.)' 

3-3.5 (est.) 

3.5-4 (est.)' 

3.5^ (est.) 

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 

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 

500-7.50 

750-1,000 

1,000-1,500- 

1.500-2,000 

2,000-3,000 

3,000^,000 

4,000-5,000 

5,000 and over-- 
Classes grouped • 

Total 



Summary for preceding years: 

1934 

1933 

1932 

1931 

1930 

1929 

1928— 

1927 

1926 

1925 1 - 



Maine 



Number 
of returns 



1,471 

99 

3,138 

2,454 

1,552 

1,209 

1,696 

532 

2,351 

557 

1,119 

908 

408 

665 

160 

487 

96 

453 

45 

623 

446 

281 

192 

157 

92 

85 

70 

60 

38 

165 

65 

39 

48 

23 

17 

7 



20, 584 
19, 435 
20,867 
16, 218 
17, 829 
19, 173 
18,611 

18, 710 

19, 709 
19,444 



Net income 



$956, 556 

54. 967 

3, 728, 984 

3.118,148 

2, 699. 165 

2, 066, 579 
3, 849, 597 
1, 176, 232 
6, 409, 260 

1, 555, 758 

3, 57J, 848 
2, 943, 925 
1,518,549 

2, 481, 164 
680, 515 

2, 0.iO. 120 
454, 629 

2, 138, 747 
244, 215 

3, 390, 340 
2, 886, 626 
2,096,112 
1, 625, 653 
1. 490, 215 

964, 053 

971,622 

871, 739 

809, 025 

550, 764 

2, 833, 694 

1, 430, 722 

1, 063, 847 

1, 672. 376 

1.022,917 

935, 120 

452, 622 

444, 313 

(») 

4,53, 199 
(») 



(') 



1, 790, 534 



69, 455, 451 



63, 204, 584 
55, 819, 3S5 
62, 9S1, 334 
74, 771, 180 
90, 690, 507 
115,875,339 
111,558,275 
103, 080, 848 
107, 979. 178 
97, 927. 563 



Total tax 



21, 865 



17, 124 



13, 317 



21, 684 



22, 685 



20, 899 



26, 417 



50, 096 
49, 379 
47, 396 
44, 062 
48, 231 
34, 751 
38, 440 

36, 860 

37, 953 
28, 490 

170. 623 
117,288 

96. 260 
198, 097 
143, 283 
158, 063 

87, 688 

98, 486 

(') 

(2) 
138, 165 



(^) 



784, 79 



2, 567, 514 



2, 207, 930 
1,865,414 
1, 597, 284 

1, 527, 4.36 
1, 827, 849 

3, 561, 754 

4, 262, 498 
3, 300, 741 
3,419,490 

2, 718, 658 



Maryland 



Number 
of returns 



4, 492 
498 

10, 927 
10, 838 

5, 592 
5, 385 
6,391 
1,867 

10, 254 

3,189 

4,945 

4,174 

2,330 

3,900 

633 

2,667 

308 

2,149 

178 

3,488 

2,038 

1,337 

911 

651 

499 

,365 

294 

263 

187 

688 

357 

219 

199 

136 

68 

48 

23 

12 

23 
5 
5 
2 
4 
1 
3 



92, 550 



84, 395 
76, 409 
83, 223 
60, 898 
68, 426 
68,654 
65, 258 
65, 099 
67, 160 
66, 152 



Net income 



$3, 128, 891 

264, 556 

13, 031. 986 

13, 738, 827 
9, 699, 428 
9, 200, 241 

14, 551, 188 
4, 152, 066 

27, 9.^5, 709 
8, 979, 716 

15, 777. 735 
13, 647, 747 

8, 622, 642 
14, 579, 846 

2, 649, 135 
11,284,985 

1, 456, 571 
10, 181, 000 

971. 341 
19.064,410 
13, 174, 872 
9, 983, 097 
7, 714, 803 
6, 164, 781 

5, 232, 992 
4, 189, 106 

3, 670, 286 
3.545, 112 

2, 710, 306 
11,774,177 

7, 975, 838 
5. 967. 650 

6, 876. 182 
6. 015, 099 

3, 710, 200 
3,112,034 
1.749.048 
1. 016. 643 

652. 333 
2. 697. 266 

819. 552 
1,078.591 

1, 365. 285 

(2) 
1. 718, 352 



1, 036, 697 



316. 888, 322 



282. 624. 171 
244. 613, 015 
265, 618, 871 
277, 129, 170 
354, 627, 24S 
425, 185. 985 
409, 371, 465 
•390, 671, 215 
375, 758. 859 
362, 484, 950 



For footnotes, see p. 126. 



112 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, hy States and Territories and by net income 
classes, showing number of returns, net income and total lax; 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.)i 

2.5-3 (est.) 

3-3.5 (est.)' 

3-3.5 (est.) 

3.6-4 (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 

fr-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-L50- 

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 



Sununaryforpreeedingj'ears : ' 

1934.. 

1933 

1932... 

1931 .. 

1930 

1929 

192H 

1927 

1926 

1926 



Massachusetts 



Number 
of returns 



21.577 

640 

37, 207 

23, 233 

21, 492 

18,016 

21, 302 

9,002 

2.5, 187 

6,684 

10, 721 

8,082 

3.707 

7,796 

1,551 

6,859 

867 

5,820 

436 

6,119 

4,391 

3,058 

2,169 

1,655 

1,409 

1,051 

847 

790 

566 

1,922 

1.045 

663 

677 

374 

216 

110 

62 

38 

37 

61 

32 

10 

4 

7 

1 

1 

1 



257, 495 



242, 728 
231, 960 
249, 766 
193, 504 
202, 253 
213,316 
215, 559 
214, 356 
224, 012 
221, 530 



Net income 



$14, 109 
335 
44, 754 
29. 976 
37, 259 
31,000 
48, 205 
20, 007, 
68. 399 
18, 496 
34.30i: 
26, 233 
13,756 
29, 228, 

6, 546. 
29, 149, 

4,100 
27, 614 

2,379 
33, 402, 
28. 399 

22, 866, 
18. 380 
15, 683 
14, 763 
12,073, 
10, 570, 

10, M6, 
8. 203 

33,017 

23, 241 
18, 102, 
23. 323, 
16,578 

11, 741 
7, 036, 
4.644 
3. 186, 
3,491 
7,191 
5, 460, 
2. 210 
1. 103 
2. 333 

(0 
(2) 



1, 819, 700 



825, 327, 457 



737, 

682, 

735. 

800. 

1,010, 

1,371, 

1, 357, 

1,189, 

1,147, 

1, 132, 



044, 841 
665, 696 
390, 899 
923, 153 
333, 740 
651, 741 
076, 374 
273, 214 
576. 498 
289, 870 



Total tax 



$7, 822 
'152^313 



359, 784 

lii.'Bso 



241,063 
"24i,"929 



283, 948 
305^196' 



333, 512 



480, 912 

479, 671 

,500, 305 

499, 322 

501, 862 

532, 687 

485, 749 

458, 979 

497, 828 

418, 541 

1, 952, 414 

1,779,344 

1, 722, 258 

2, 758, 613 

2, 402, 672 

1,997,016 

1, 353, 978 

1, 047, 209 

781, 609 

953, 697 

2, 308, 034 

2, 096, 747 

953, 092 

522, 061 

1, 102, 556 

(0 

(') 

(2) 



976, 860 



31,804,163 



24, 624, 216 
19, 763. 997 
15, 619. 149 
12, 380, 194 
26, 509, 775 
57. 857. 223 
59, 738, 973 
43, 949, 866 
37,115,976 
41. 052, 088 



Michigan 



Number 
of returns 



10, 279 

308 

25, 822 

11,675 

12,517 

18,919 

12, 556 

7,616 

17, 609 

4, .568 

8,058 

5,963 

2,841 

6,198 

1,089 

5,669 

438 

4,034 

209 

4,420 

2,946 

1,869 

1,401 

1, 05G 

803 

634 

515 

436 

364 

1,074 

581 

324 

365 

204 

130 

78 

56 

31 

22 

59 

21 

13 

7 



173,799 



139, 329 
112,053 
127. 515 
119, 623 
147, 364 
177,918 
179, 886 
175, 806 
176, 804 
188, 669 



Net income 



$6, 674, 193 
192, 778 
30, 671, 120 
15, 943, 736 
21. 675, 686 
32,468,915 
28, 458, 776 
16, 829, 133 
47, 846, 224 
12, 576, 122 
25, 765. 481 
19,448,320 
10,483,791 
23, 248. 283 

4. 579, 514 
24, 070, 773 

2,073,227 
19,098.043 
1,133.074 
24, 129, 882 
19, 0.56, 041 
13, 963, 633 
11,859,695 
10.017,915 
8, 405, 469 
7,283,411 
6, 429, 161 
5,891,032 

5, 266, 500 
18,400,917 
12, 038, 896 

8, 882, 995 
12,510,967 
8, 999, 958 
7, 040, 738 
5, OCO, 863 
4, 216, 303 
2,613,888 
2,115,627 
6,947,114 
3, 713, 985 

2, 958, 6C3 
1, 858, 251 
2, 963, 232 

3, 564, 576 



V-) 



7, 944, 900 



568, 269, 799 



418, 
293, 
349, 
481, 
668, 
1,029, 
1,066, 
950, 
905, 
910 



569. 373 
131,080 
800, 109 
017, 6.';o 
391, 038 
758, 680 
529, 992 
085, 831 
814. 790 
910,113 



Total tax 



$4, 962.' 
"i09,'853 



395, 814 
276," 547 
"184^921 



182, 527 



205, 368 



247,287 



215, 625 



348,912 

331,017 

302, 140 

319, 763 

319, 722 

314. 922 

300. 265 

283, 305 

285, 722 

275, 609 

1, 113, 145 

999, 084 

859, 681 

1,486,267 

l,2i,8,021 

1,213,411 

988, 036 

935, 679 

652, 412 

582. 157 

2, 220, 433 

1,4.53,311 

1, 265, 167 

815, 167 

1, 345, 868 

1, 758, 789 



W 



4,428,337 



28,319,046 



14, 866, 008 
6, 660, 804 
8, 380, 316 
11,028,018 
17, 479, 145 
40, 599, 864 
50, COl, 040 
35, 599, 799 
32, 408, 357 
33,264,014 



For footnotes, see p. 126. 



STATISTICS OF INCOME 



113 



Table 9. — Individual returns for 1935, 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) 



Minnesota 



Number 
of returns 



Net income 



Total tax 



Mississippi 



Number 
of returns 



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.)i 

3-3.5 (est.) 

3.5-4 (est.)i 

3.5-4 (est.) - 

4-4.5 rest.)i.. 

4-4.5 (est.) 

4.5-5 (est.)i 

4..5-5(est.) 

6-fii 

5-6 

6-7- 

7-8 

8-9 

9-10-... 

10-11 

11-12 

12-13 

13-14- 

14-15 

15-2.0 

20-25 

25-30 

30-40 

40-50-.. 

50-60-. 

60-70 

70-80 

80-80 

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 



4,037 

267 

10,011 

9,889 

5,184 

5, 095 

6, 084 

1,763 

7,693 

2,017 

3,214 

2,409 

1,202 

2,139 

381 

1,496 

166 

1,184 

119 

1,993 

1,378 

957 

599 

482 

381 

289 

226 

192 

143 

518 

257 

157 

150 

56- 

51 

27 

19 

10 

5 

11 

3 

2 



$2, 663, 968 
135, 758 

11,792,049 

12, 586, 543 
9, 047, 862 
8, 075, 358 

13, 827, 790 
3, 866, 455 

20, 883, 016 
5, 708, 976 

10, 277, 294 
7, 835, 544 
4, 491, 166 
8, 008, 556 
1,603,216 
6, 357, 403 
780, 710 
5, 614, 322 
651,085 

10, 908, 22y 

8, 926, 483 

7,141,646 

5.073.226 

4, 574. 170 

3. 992, 944 

3, 307, 644 

2, 827, 255 

2, 588, 550 

2, 070, 042 

8, 942, 859 

5, 725, 223 

4, 296, 871 

5, 147, 182 

2, 493, 903 

2, 748, 393 

1,746,504 

1, 391, 672 

837, 638 

471, 604 

1, 288, 985 

524, 185 

(-') 

(2) 



$2, 033 
'56,'770' 



96, 972 

'58i'878' 



42, 632 



49, 469 



58, 798 



57, 216 
"64,"665' 



162, 234 
153, 181 
155, 342 
138, 873 
148. 269 
144, 408 
132. 266 
128, 125 
120. 551 
104, 190 
538, 745 
434, 842 
399, 112 
598. 069 
357, 504 
464, 803 
345, 135 
303, 763 
197, 277 
129, 269 
400, 562 
200, 394 

(n 
(2) 



1,605 

36 

1,791 

1,107 

1,349 

741 

1,494 

273 

1,407 

350 

577 

456 

224 

399 

66 

340 

13 

182 

16 

335 

209 

141 

91 

62 

48 

37 

36 

26 

25 

63 

28 

15 

9 

11 

3 

1 

1 

1 



$979,211 

17,353 

2, 203. 576 

1, 410, 327 

2, 352, 923 
1, 287, 294 

3, 369, 978 
610, 387 

3, 824, 499 

984.341 

1, 837, 331 

1, 480, 347 

822, 199 

1, 492, 486 

285, 157 

1, 433. 952 

63. 350 

860, 436 

85, 758 

1. 822, 428 

1, 351, 538 

1, 048, 432 

770,917 

585, 113 

501,810 

423, 702 

451, 871 

349, 832 

360, 959 

1, 084, 239 

619, 357 

403, 235 

309, 861 

492. 319 

163.371 

(0 

(■') 

(2) 



(0 



(2) 



985, 616 



428, 621 



738, 858 



Summary for preceding years:' 

1934 

1933 

1932_ 

1931 

1930 

1929.... 

1928. 

1927 

1926 

1925 



72, 258 



67, 297 
59, 803 
61,810 
52, 853 
57, 539 
60, 701 
60, 7.52 
61, 430 
64, 227 
71,291 



222, 817, 905 



6, 672, 968 



13, 570 



36, 878. 747 



196, 345, 236 
163, 750, 734 
173, 772, 099 
213, 530, 771 
266, ,572, 313 
337, 880. 743 
340,152,949 
295, 670, 416 
296. 414, 294 
305, 945, 206 



5, 257, 595 
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 



12, 507 
10, 868 
10,548 
9,888 
12, 147 
1,5, 689 
16, 140 
16,964 
17, 196 
16, 985 



32, 578, 332 
24, 020. 766 
21, 584. 610 
27, 146, 285 
40, 556. 389 
63, 922, 168 
64, 689. 480 
64. 878, 684 
64, 859, 892 
73, 750, 950 



For footnotes, see p. 126. 



114 



STATISTICS OF I2S^C0ME 



Table 9. — Tndividval returns for 19S5, by States and Territories and by net income 
classes, showina nvmber of returns, net income and total tax; also totals for pre- 
ceding years — Continued 





Missouri 




Montana 




(Thou.sands of dollars) 


Number 

of 
returns 


Net income 


Total tax 


Number 

of 
returns 


Net income 


Total tax 


Under 1 (est.) ' - 


5,744 

256 

16. 765 

11.248 

8.644 

7,239 

9,308 

3,010 

12, 266 

2,781 

5.177 

3.977 

1,690 

4, 025 

529 

2, 837 

221 

1,992 

182 

2,983 

2, 065 

1,367 

1,053 

793 

567 

471 

414 

315 

285 

835 

425 

279 

265 

138 

76 

50 

23 

21 

10 

31 

7 

1 

1 

3 


$3. 946. 096 
146. 494 
19. 966. 464 
14.469,444 
15,037,054 
12. 435, 425 
21, 157, 203 

6,596,419 
33, 245, 658 

7, 759. 848 
16,518,930 
12.966,616 

6, 258, 702 
15.055.327 

2.217.855 

12. 045. 076 

1. 047. 750 

9. 440. 094 

985. 868 

10.321.091 

13.36.5.819 

10. 231. 563 

8. 940. 455 

7.512.740 

5 943.036 

5. 396. P35 

5.162 8,59 

4. 249 059 

4. 130. 583 

14. 310.983 

9. 462. 873 

7. 602. 9,59 
9.114.434 
6.111.911 
4. 190. 673 
3, 236. 226 
1, 742. 021 
1,781,472 

935. 396 
3,817,661 
1, 192, 167 

(2) 

(2) 

980, 088 




295 

9 

2,522 

1,783 

1.040 

2,601 

1,026 

1,129 

2,812 

749 

1,055 

788 

363 

830 

131 

707 

53 

432 

29 

520 

308 

182 

143 

99 

59 

41 

40 

34 

15 

65 

26 

15 

13 

5 


,$169. 591 
4.869 
2, 978, 933 
2, 379, 758 
1, 802, 422 
4, 468, 841 

2, 343, 686 
2, 479, 305 
7, 6,54, 572 
2.071.751 

3. 366. 225 
2. 564. 524 
1.332,650 
.3.108.364 

546, 256 

2, 999, 825 

253, 238 

2.048,717 

1.57.207 

2, 839. 483 

1,980,875 

1,354,703 

1, 208, 731 

939. 600 

616, 797 

469, 346 

498, 388 

456. 975 

216.712 

1,116.307 

580. 534 

420. 106 

438. 581 

221, 680 




Under 1 (est.) 


$2, 739 


$149 


1-1.5 (est.)' 




1-1.5 (est.) 

1.5-2 (est.) « ., 


71,312 


15, 172 


1.5-2 (est.) 


143, 751 


54, 551 


2-2.5 (est.) 1 




2-2.5 (est.) 

2.5-3 (I'st.) 1 


102, 080 
77,360' 
82,'76i" 


40, 132 


2.5-3 (est.). 


29, 671 


3-3.5 (est.) ' 




3-3.5 (est.) 


17, 959 


3.5-4 (e.st.) I 




3.5-4 (est.)-.. 


124, 276 


25,881 


4-4.5 (est.) 1 


4-4.5 (est.) 

4.,5-5 (est.) 1 


120, 524 


30, 282 


4.5-5 (est.) 


113,2,55 

"'"242^539" 
226, 337 
220. 448 
240. 825 
239. 567 
217.679 
219.875 
225. 929 
302. 635 
211.102 
841.907 
719, 634 
715 900 

1, 076. 778 
886 699 
713.475 
664. 636 
.391.563 
438, 926 
249. 043 

1. 2.50. 757 
455. 743 

m 
m 

454, 864 


22, 983 


5-6 1 




5-6 . 


42 250 


6-7 


35, 056 


7-8 


30 777 


8-9 


34 593 


9-10 


31 447 


10-11 


22 786 


11-12 


20, 229 


12-13 


21 010 


13-14 


24, 223 
11 572 


14-15 


15-20 


69 576 


20-25 


44,858 
41, 490 


2.5-30 


30-40 


50 121 


40-50 


30, 419 


50-00 


60-70 


2 

1 
1 


(2) 
(2) 


(2) 
(2) 


70-80 


80-90 


(2) 


90-100 


100-1.50 








150-200 








200-250.. . 








250-300 








.300-400 


1 


(2) 


0) 


400-500 


500-7.50 


1 


(') 


(') 








750-1.000 








1,000-1. ,500 














I, .500-2. 000 














2.000-3.000 .. 














3,000-4.000 














4,000-5.000 














5.000 and over 


















1,038,819 


481,314 




630. 179 


233, 978 












110,370 


358. 068. 146 


12. 426. 233 


19, 924 


56. 719, 731 


981 165 






■Summary for preceding years: ' 
1934 .. 


98, 125 
93, 308 

95, 808 
80. 3.56 
85. 507 
98. 367 
99. 295 

96. 407 
99. 509 

109, 059 


306. 041.. 392 
271.748.278 
290. 701.8.5S 
331,482,726 
419,648.187 
5,58.127.649 
563. 951,. 5.53 
,501.49.5.130 
512.801.163 
533, 836, 188 


9. 3,53. 661 
6. 848. 926 
6. 874. 748 
4. 747. 522 
8. 7.50. 374 
16.416,897 
18.910.977 
13. 738. 256 

13. 496. 872 

14. 246, 816 


16, 825 
11.511 
10, 087 
9,722 
11,635 
17.067 
17,112 

18, 651 
16,191 

19. 239 


46. 594. 430 
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 


636, 102 
403, 887 
496, 685 
209. 809 
461,295 
1. 019. 300 
1.29.8.024 
.867. 944 
.561.8.33 
580, 196 


1933 

1932. 

1931 


1930 


1929. 


1928 


1927 


1926.. 


1925-. 





For footnotes, see p. 126. 



STATISTICS OF IXCOME 



115 



TABI.E 9. — Individual returns for 1935, by Slates and Territories and by net income 
classes, shoivivp number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


Nebraska 


Nevada 


(Thousands of dollars) 


Number 

of 
returns 


Net income 


Total tax 


Number 

of 
returns 


Net income 


Total tax 


Under 1 (est.) ' 


2,178 

84 

3,893 

2,628 

2,206 

2,098 

2.934 

1,017 

• 3, 865 

942 

1,559 

1,181 

561 

1,014 

206 

875 

64 

713 

37 

868 

617 

385 

248 

219 

146 

120 

82 

69 

57 

184 

82 

46 

44 

15 

10 

1 

3 

1 

1 


$1, 376, 601 

40, 523 

4. 610, 689 

3. 418, 453 

3. 880, 348 

3, 610, 630 
6, 702, 730 
2, 252, 961 

10, 514, 329 

2, 634, 440 

4, 998, 465 

3, 857, 585 

2, 078, 158 

3, 800, 174 
860, 488 

3, 705, 624 
306. 077 

3, 375, 482 
202, 279 

4, 758, 764 
3, 984, 554 
2, 870, 670 
2, 102, 572 
2, 076, 190 
1,527,361 
1, 377, 194 
1,016,671 

928, 886 

826, 178 

3, 171, 207 

1, 821, 773 

1,246,751 

1,496,788 

668, 771 

54 •^, 953 

(2) 

224, 665 

m 
(2) 




234 

1 

698 

863 

404 

572 

510 

220 

806 

204 

319 

.306 

103 

267 

19 

205 

12 

132 

3 

203 

119 

61 

35 

25 

12 

13 

7 

14 

4 

21 

12 

3 

12 

8 

2 

3 

1 

2 


$151,501 

900 

830, 259 

1,115,432 

700, 836 

976, 915 

1, 1.59, 049 

483, 129 

2,189,741 

574. 943 

l,0I9.4.'i0 

990. 827 

384, 686 

1, 000, 785 

77, 188 

864, 297 

58, 002 

624, 706 

15. 446 

1,111,270 

767, 744 

451, 880 

296.112 

234, 282 

126,010 

150,834 

87. 479 

190.417 

57. 656 

351, .580 

271, 201 

78, 043 

406, 929 

375, 302 

(2) 

191.795 
(2) 




Under 1 (est.) 


$1,084 


$32 


1-1.5 (est.) 1 


1-1.5 (est.). 


18, 466 


5 565 


1.5-2 (est.) " 




1.5-2(est.) 


43, 267 


10, 464 


2-2.5 (est.) I.... 


2-2.5 (est.) 


34,282 


6.821 


2.5-3 (est.) 1 


2.5-3 (est.) 


26, 349 


4,335 


3-3.5 (est.) I 


3-3.5 (est.) 


27, 491 


7,455 


3.5-4 (est.) 1 


3.5-4 (est.) 

4-4.5 (est.) 1 


33, 984 


10, 502 


4-4.5 (est.) 

4.5-5 (est.) 1 


37. 398 


10, 385 


4.5-5 (est.) 


38, 194 


9 899 


6-61 




5-6 : 


73, 534 
70, 847 
65, 776 
59, 762 
73, 771 

58, 649 

59, 795 
46. 787 
43, 737 
43, 487 

195, 530 
142, 206 
121, 467 
180, 150 
93, 502 
96, 133 

m 

48, 572 

(2) 

(2) 


92 150 


6-7 


17 607 


7-8 


14 443 


8-9 


11 166 


9-10 


9 285 


10-11 


5 636 


11-12,. 


6 417 


12-13 


4 457 


13-14 . 


11 134 


14-15 


3 729 


15-20 


21 474 


20 25 


21 626 


25-30 . 


7 798 


30-^0 


50 255 


40-50 


58, 948 
(2) 
36. 801 


50-f^O 


60-70 


70-80 


(') 


80 90 


C') 


90-100_. 


100-150 


4 


434. 239 


126, 724 


150-200 












200-250 . 














250-300 














300^00 














400-500 














500-750 








1 
1 


(2) 
(2) 


(2) 


750-1,000 








{') 


1,000-1.500 












1.500-2.000 














2,000-3,000 














3,000-4,000 














4,000-5,000 














5,000 and over . 














Classes grouped ' . . 




241, 342 


61, 420 




1, 880. 519 


868, 543 










Total 


31,253 


93, 113, .326 


1, 795, 640 


6,441 


20,681,384 


1. 363. 651 






Summary for preceding years: ^ 
1934, _ 


26, 781 

24, 939 

25, 503 
23,940 
27, 271 
30, 962 
31, 426 
32, 170 
33, 532 
35. 661 


77, 236, 225 
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 


1, 438. 974 
1, 133, 297 
970, 563 
723, 426 
1.381,310 
1,919,473 
2. 109, 341 
1,427,747 
1.381,307 
1, 732, 535 


.5, 321 
3,692 
4,102 
3,431 
4,006 
5,174 
4,477 
4.702 
4,797 
6,164 


15,236.981 
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 


528, 009 


1933. 


380, 800 




362, 378 


1931 


349, 026 




472, 636 


1929. 


356. 444 


1928... 


477. 673 


1927 


228. 799 




195, 497 


1925 


178, 361 







For footnotes, see p. 126. 



116 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, 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 



Ket income classes 
(Thousands of dollars) 



New Hampshire 



Xumber 
of returns 



Net income 



Total tax 



New Jersey 



Number 
of returns 



Net income 



Under 1 (est.) i... 

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.) • 

3-3.5 (est.) 

3.5-4 (est.) 1 

3.5-4 (est.). 

4-4.5 (est.) 1 

4-4.5 (est.) 

4.5-5 (est.) 1 

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 



1,311 

76 

3,100 

2,108 

1.306 

1,123 

1,281 

410 

1,645 

488 

812 

658 

337 

461 

89 

366 

73 

275 

39 

455 

285 

206 

147 

99 

82 

69 

56 

31 

44 

115 

47 

20 

30 

13 

11 

7 

3 

1 

1 



$837. 257 
34, 143 
3, 678, 647 
2. 696. 050 
2, 272, 651 
1. 910. 54S 
2, 902, 394 

896. 924 
4, 465, 951 
1, 379, 321 
2. 614. 831 
2, 135, 572 
1, 246. 261 
1, 724. 644 

377, 000 
1, 547, 053 

348, 270 
1, 302, 999 

209, 493 
2, 500. 905 
1, 839, 813 



$523 



12,543 



20,645 



13,029 



11, 195 



13. 780 



13, 459 
"14,128' 



12, 944 



. 531, 266 
, 241, 447 
933, 896 
859. 079 
797, 767 
700, 020 
418, 164 
635. 139 
1, 967, 293 
1, 046, 563 
550, 100 
1, 006, 033 
570, 746 
595, 361 
443, 293 
234, 204 
W 

682, 900 



34. 053 
27. 980 
33, 350 
31. 658 
29, 965 
31.292 
31, 562 
29, 668 
18, 429 
30,545 

112, 593 
77, 673 
53.815 

110,456 
78, 993 

102, 130 
83, 420 
53, 480 
(2) 
(^) 

205, 268 



(») 



« 



419, 941 



17, 687 



51, 553, 939 



Summary for preceding vears:' 

1934 ....."... 

1933 

1932 

1931 

1930 

1929 

1928 

1927... 

1926. 

1925 



16, 785 
15.458 
15, 738 
12, 477 
13,927 
14, 341 
14, 132 
14, 484 
15, 276 
16, 413 



48, 267, 423 
41, 555, 501 
43, 854. 575 

49. 243, 306 
60, 014, 739 
74, 306. 913 
72, 610, 260 
70, 560, 949 
66, 743, 817 
70, 117, 771 



12, 195 

937 

32. 981 

22, 352 

16, 714 

13. 219 

16, 709 

6,067 

25, 334 

6,557 

12; 326 

8.578 

4,692 

7,754 

1,665 

5,591 

667 

3,860 

295 

6.246 

4.437 

2.901 

2,131 

1,502 

1,114 

878 

718 

693 

507 

1,553 

801 

469 

475 

229 

135 

81 

55 

33 

24 

56 

25 

10 

7 

4 

4 

2 



$8, 286. 596 
540, 373 
39. 246. 260 
28. 552, 861 
28, 799. 364 
22, 071, 707 
37, 961, 687 
13,441,840 
68, 891. 186 
18,371.872 
39.419.937 
27, 940. 378 

17. 297, 249 
29,011.885 

6. 998, 300 

23, 700. 537 

3,153,833 

18. 313. 101 

1, 600. 537 
34. 147. 757 
28, 669. 767 
21. 666. 703 
18, 050. 820 
14. 253, 838 
11.681.725 
10. 069, 977 

8, 960, 809 

7, 986, 201 

7. 341. 483 

26.697,152 

17, 785, 572 

12. 836. 350 

16, 264, 170 

10, 192, 049 

7, 379, 147 

5, 246, 845 
4. 140. 295 

2, 760. 598 
2, 288, 319 

6, 653, 613 
4, 250, 997 
2, 230, 970 
1, 889, 530 
1,319,361 
1, 826, 530 

(2) 



(2) 
"i0,'376,"699' 



146, 606 



5, 988, 172 



223, 489 



737, 154, 952 



1, 348, 492 

833, 674 

746, 847 

563, 289 

952, 064 

1, 734, 828 

1,991,854 

1, 824, 931 

1, 201, 298 

1, 218, 822 



210, 683 
202, 190 
217,812 
178, 754 
187, 943 

195, 772 

196, 681 
195, 467 
176, 320 
150, 874 



686, 065, 373 

618, 361, 894 

689, 687, 207 

785, 704, 184 

956, 732, 849 

1, 212, 423, 226 

1,241,411,359 

1,117.398,064 

1, 032. 297, 571 

943, 672, 751 



For footnotes, see p. 126. 



STATISTICS OF INCOME 



117 



Table 9. — Individual returns for 1935, by States and Territories and hy net income 
clasf^es, showing number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 


New Mexico 




New York 




(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est ) ' 


735 

3 

938 

648 

694 

89] 

789 

357 

1.099 

336 

480 

488 

177 

343 

40 

282 

19 

182 

16 

289 

177 

87 

43 

35 

26 

12 

14 

12 

2 

29 

10 

7 

8 

3 

1 


$456, 368 

1, 200 

1, 145, 670 

853, 267 

1, 206. 838 

1, 538, 506 

1, 794, .590 

797. 426 

2, 993, 561 

937, 8C0 

1, 529, 973 

1,592,770 

652, 870 

1, 283, 949 

168, 838 

1,190,566 

91,738 

857, 997 

88, 106 

1,575,120 

1, 140, 732 

648, 601 

365, 973 

330,719 

275, 651 

137, 306 

174 743 

104,365 

495. 091 
223.834 
200, 662 
271,473 
133, 978 
W 




58,826 

2,203 

126, 649 

77. 026 

62, 454 

60, 178 

67, 097 

28, 121 

92, 748 

21,830 

41. 166 

25, 968 

13, 841 

25. 403 

4.466 

21,063 

1,769 

15, 853 

1.086 

22, 834 

16, 118 

11, 192 

8,063 

6, 190 

4,881 

3,882 

3,170 

2.781 

2. 397 

7,724 

4, 275 

2,569 

3,013 

1,688 

972 

645 

429 

333 

201 

516 

191 

85 

52 

47 

25 

31 

6 

11 

3 

1 

3 

1 


$40, 422, 039 
1, 203, 355 

151,843,825 
99, 746, 968 

108, 078, 739 

104,094,318 

152, 268, 641 
62, 213, 601 

252. 640, 136 
60, 549, 547 

131, 681, 273 
84, 543, 268 
51, 097, 649 
95, 282. 319 
18, 752, 337 
89, 330. 494 
8, 376, 469 
75, 169, 379 
5. 898, 5S8 

124. 732, 321 

104,221,459 
83. 580, 066 
68,314,777 
58. 664, 521 
51,161.345 
44, .585, 762 
39. 584. 942 
37, 496. 385 
34, 738, 734 

133, 079, 571 
95, 291. 307 
70, 218. 543 

103,661,890 
7.5. 170. 291 
53,221.678 
41,803.035 
31,9.32.854 
28. 087, 558 
19.091.861 
61, 636. 510 
33. 208. 690 
18. 900, 201 
14. 313. 070 
16, 201, 171 
11,151,849 
19,019,460 
5,651,269 
12. 632. 359 
5, 333, 462 

(») 
(2) 




Under 1 (est.) -- 


$28 


$23,341 


115 ^est ) ' 




1-1 5 (est ) 


4,834 


521, 633 


I 5-2 (est ) ' 




1..5-2 (est.) 

2 2 5 (est ) 1 


17.637 


1,251.840 


2-2 5 (est.) - 


10,857 


1.009,451 


2 5 3 (est ) ' 




2 5-3 (est.) 


9,837 


744, 645 


'K 'i 'i (p^t 1 I 




3-3 5 (est.) ■- - 


12, 704 


737,541 


q ci_4 fpst 1 1 




3.5-4 (est.) - 


13. 088 


856,229 


4 4 5 (f st 1 • 




4-4 5 (est.) 


14, 178 


917,036 


4 5 5 (est ) ' 




4 5-5 (est ) 


12, 191 


915,943 


5-8 ' 




5-6 


27, 340 

26. 558 

19, 783 

12, 360 

13,636 

12,858 

5, 959 

9,039 

9,588 

(') 

32, 354 
18,012 
21,434 
32,012 
19,426 
0) 


1, 954, 977 


fr-7 


1, 941, 300 


7-8 -- 


1. 907, 257 


8-9 


1,939,873 


&-10 


1, 962, 167 




1, 950. 127 


11-12 -- 


1, 886, 305 




1,808,809 


13-14 


1,855.117 




1,830,461 


15-20 


8,260,018 




7. 584. 100 


2.5-30 


5, 935, 164 


30-40 


12, 595, 470 


40-50 


11.166,901 




9. 355, 1.54 


60-70 --- 


8. 410, 929 










7,212,708 


80-00 








7, 039, 539 










5,327,964 


100-150 








20,314,822 










13.081,091 


200-2.'^0 








8, 064, 574 










6, 480. 631 


300-400 








7, 635, 063 










5.441.198 


500-750 - 








9, 686, 664 










3,078.954 


1,000-1.500 --- 








6. 919, 863 










2,984,817 


2 0^0-3 000 








i') 










(«) 


4,000-5.000 








(') 
















79, 681 


9.059 




16,384,119 


9,381.773 










Total 


9,272 


25, 399, 852 


364, 772 


852, 076 


3, 106, 263. 965 


202,971,449 






Summary for preceding years:' 


7,647 
5,577 
5.574 
5,389 
6.288 
6.874 
6.686 
6,462 
6,513 
7,203 


20,107,880 
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 


277, 567 
165, 971 
178, 605 
117. 336 
222. 459 
299, 882 
464, 430 
283, 403 
227. 471 
178, 762 


807. 818 
748, 054 
798, 685 
634. 057 
711.566 
757. 835 
780. 418 
766. 974 
753. 044 
751, 941 


2.811.720,784 
2, 598. 890. 660 
2, 764. 354, 206 
3. 108. 633, 729 
4, 189. 130, 106 
6, 253, 46.5. 699 
6. 4.58. 089, 207 
5. 398. 451. 005 
4, 984, 020, 281 
4. 903, 288, 994 


166, 789, 731 


1933 -- 


137, 414, 061 




109, 593, 059 


1931 


77,97.5,788 




163. .508, 893 


1929 


396. 687. 348 




451,606,998 


1927 


305. 210. 059 




247,164,324 


1925 


252,1.57,834 



For footnotes, see p. 126. 



118 



STATISTICS OF INCOME 



Table 9. — Individual reiurns for 1935, 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 





North Carolina 


North Dakota 


Net income classes 
(Thousands of dollars) 


Number 

of 
returns 


Net income 


Total tax 


Number 

of 
returns 


Net income 


Total tax 


Under 1 (est )' 


2,118 

107 

4,327 

2,565 

2,661 

2,022 

3, 580 

774 

5,252 

792 

2,416 

1, 168 

799 

1, 080 

280 

913 

119 

725 

129 

965 

674 

451 

342 

251 

182 

145 

109 

105 

88 

265 

121 

70 

78 

45 

21 

21 

10 

5 

5 

14 

9 

2 


.$1, 549, 056 
66,047 
5, 190, 458 
3, 334, 210 
4, 658, 386 
3, 489, 347 
8, 142. 736 
1, 65-5, 306 

14, 286, 474 

2, 212, 885 
7, 7fJ2, 153 

3, 789, 771 
2.957,312 
4. 035, 497 
1,185,347 
3, 860. 953 

559, 652 

3, 440, 597 
700, 803 

5, 292, 141 

4, 359, 229 

3, 369, 024 
2, 894, C,58 
2. 374. 726 
1,903, 112 
1,667,413 
1,3.58,059 

■ 1,419,275 
1.278,869 

4, 577, 550 
2, 674, 059 
1,905 970 
2, 666. 444 
2, 006, 596 
1,135 864 
1,349,557 

747, 812 
418, 478 
470, 461 
1,641,144 
1,603, 125 
(2) 




1,177 

23 

1,457 

812 

1,042 

690 

1,115 

276 

1,181 

227 

499 

286 

116 

294 

46 

162 

14 

133 

10 

183 

91 

54 

45 

29 

20 

10 

8 

5 

8 

16 

5 

2 

1 

1 

1 


.$737, 965 
12, 425 
1, 775 899 
1, 054, 514 
1, 828, 497 

1, 194, 367 

2, 519, 775 
610,301 

3, 205 439 
637, 177 

1,597,174 
937, 698 
425, 383 
1, 099, 979 
191, 182 
682, 250 

60, 330 
630, 331 

53. 259 
999, 562 
589, 142 
403, 864 
384, 761 
272, 876 
210, 856 
113,310 

99, 250 

68, 352 
1 13, 948 
266, 817 
110.363 
(2) 
(■') 

(2) 

(') 




Under 1 (est) 


$1, 778 


$120 


115 (est )' 




1-1.5 (est.) --- 


18, 187 


5 321 


1 5-9 (est )i 




1.5-2 (est.) - 


39, 371 


i4, 557 


2 2 5 (est )' 




2-2.5 (est.) 


25, 911 
20,' 339 


9,277 


2 5-3 (est )' 




2.5-3 (est ) 


6,238 


3-3 5 (est )' 




3-3.5 (est.) --- 


30, 158 


6.347 


3 5-4 (est )' 




3.5-4 (est.) 


32, 577 


9, 400 


4-4 5 (est )' 




4-4.5 (est.l 


35 191 


6.370 


4.5-5 (est.)' 

4.5-5 (est.) - 




34,286 


7,191 


5-6 ' 




5-6 

6-7 


71, 216 

67, 865 
66, 806 

68, 320 
68, 593 
66, 460 
61,260 
55, 741 
64, 620 
61, 1.50 

258, 838 
189, 252 
169. 496 
301.857 
277, 686 
186, 271 
257, 252 
160, 846 
103, 732 
120, 185 
512. 064 
614, 743 


15 757 
9, 755 


7-8 


11, 128 


8-9 


11, 148 


9-10 


8.692 


10-11 


7.731 


11-12 - 


4,525 


12-13 - - 


4, 125 


13-14 .-. 


3,720 


14-15 .- 


5 018 


15-20 -. 


14, 100 


•20-25 


8, 359 


25-30 


(») 


30-40 - . 


(') 


40-60 


(') 


50-60 


(') 


60-70 




70-80 - 








80-90. 








90-100^ 








100-150- 








150-200 








200-250 . 








250-300 








300-400 


1 
2 
4 

1 


P) 
(2) 
2, 497, 753 


(2) 

1, 262. 168 

0) 








400-500 








500-750 








750-1,000 








1,000-1,500... 








l„500-2.000 














2,000-3,000 














3,000-4,000 














4,000-5,000 














5,000 and over.. . . 














Classes grouped ' ... . . 




2, 351, 628 


i, lis. 181 




184. 353 


22, 533 










Total 


35,813 


124, 880, 237 


6,419,410 


10, 039 


23, 077, 405 


191,412 






Sunimary for preceding years: ' 
1934... 


32. 305 
29,462 
25, 972 
22, 625 
25,216 
28, 860 
30, 997 
33, 398 
3.5, 332 
38, 740 


112,913.710 
91, 673, 065 
76. 989, 708 
88, 042, 580 
103. 624. 484 
130. 352, 897 
161,039,786 
155 916,827 
153, 231, 981 
161,623,754 


6,281,451 
4, 121, 232 
4.017,702 

2, 030. 396 
2, 426, 562 

3, 282, 957 
6.0.51,641 

4, 519, 870 
3,398,245 
3, 178, 767 


9,733 
8, 3.59 
8,889 
7,013 
8,262 
9,170 
9,710 
9,758 
9,881 
11,715 


22, 351, 926 
16, 799. 800 
18. 182, .308 
18. 469. 626 
24. 476. 992 
31. 197, 250 
,34,878,015 
33, 2,52, 341 
3.3.169,117 
35 695 178 


183. 955 


19.33 


115 100 


1932 


110, 561 


1931 


42, 519 


1030 


86, 704 


1929__ 


111,346 


1928 


209, 440 


1927 


187,635 


1926.. 


ISO 012 


1925.... 


162, 589 







For footnotes, see p. 126. 



STATISTICS OF IJSTCOME 



119 



Table 9. — Individual returns for 1935, by States and Territories and by net income 
classes, showiva number of returns, net income and total tax; also totals for pre- 
ceding years — Continued 



Net income classes 
(Thousands of dollars) 



Ohio 



Number 

of 
returns 



Net income 



Total tax 



Oklahoma 



Number 
of 

returns 



Net income 



Total tai 



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

1-1.5 (est.)i 

1-1.5 (est.) 

1.5-2 (est.) 1.— 

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.) 

.vei 

5-6 

6-7... 

7-8 

8-9 

9-10 

10-11 

n-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 

l.'i0-200 

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 

(T'lasses grouped '^ 

Total 



11,0,^8 

407 

47,013 

24, OSO 

19, 060 

19, 936 

15, 448 

7, 045 

26, 849 

5,899 

11,571 

8.082 

3,846 

8, 270 

1,345 

6,210 

654 

4,675 

385 

6,122 

4,229 

2,906 

2.088 

1,490 

1, 210 

935 

769 

620 

489 

1,694 

781 

462 

527 

250 

147 

91 

50 

43 

25 

67 

19 

12 

12 

5 

3 

2 

1 



.$7, 458, 980 

218,889 

55,695,311 

31,391,689 

32, 832, 265 

34, 169, 484 

35, 021, 225 

15,495,931 

72,965,158 

16, 525, 105 

36, 993, 203 

?6. 296, 786 

14, 187, 820 

30, 906, 483 

5, 653, 386 

26. 276, 827 

3, 096, 344 

22, 143, 499 

2,091,490 

33, 437, 075 

27, 339, 609 

21.696,476 

17,710.476 

14, 120, 100 

12,721,675 

10. 735, 465 

9. 602, 065 

8, 355, 598 

7.081,541 

29, 184, 277 

17,371.000 

12. 577. 480 

18, 295, 988 

11,052,617 

8.01,5,328 

5. 834. 735 

3, 709, 269 

3, 682, 620 

2, 373, 490 

7, 979, 719 

3, 359, 957 

2. 699, 733 

3, 215, 341 
1. 705, 5.59 
1,335,230 

(2) 
(2) 



$4, 863 
"i7i,'i82" 



400. 359 



241, 400 



171,154 



193, 158 
"26i,'353' 



256, 824 



248, 812 



471,464 

461. 794 

457, 876 

475, 708 

440, 064 

1, 359, 1.38 

420, 277 

420, 965 

392, 461 

357,215 

1. 749, 465 

1,331.712 

1, 195,379 

2, 163, 240 
1, 596, 638 

1, 380. 479 
1.130,274 

829, 916 
898, 014 
645, 504 

2, 568, 473 
1,313,032 
1, 139,847 
1, 39S, 075 

796, 169 
640, 745 
(2) 



1, 916, 332 



998, 813 



246, 888 



766, 528, 630 



28, 981, 842 



Summary for preceding years: 

1934 

1933 

1932 

1931 

1930 

1929 

1928 

1927 

1926 

1925 



209, 589 
181, 212 
188, 141 
164, 809 
199, 600 
21,5,804 
218, 479 
222, 707 
231,196 
224, 643 



631, 

511, 

556, 

689. 

950, 

1. 259, 

1, 302, 

1, 153, 

1, 146, 

1,141, 



348, 370 
694, 014 
313,005 
3.52, 135 
397, 134 
571,939 
762, 001 
756,214 
495, 871 
453,071 



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 



3,377 

77 

5, 671 

1,735 

4,916 

2,575 

.5, 331 

1,339 

5,528 

826 

2,093 

1,401 

753 

1,746 

290 

1,358 

105 

1,228 

73 

1,181 

783 

518 

348 

284 

223 

169 

121 

109 

78 

271 

147 

84 

83 

39 

21 

10 

4 

4 

1 

8 

1 



$2,171,625 
47, 073 
7,052,915 
2. 319, 360 
8.606,012 
4,432,815 

12, 087, 262 
2, 965, 375 

1.5,061,230 
2, 2«0. 845 
6, 713, 355 
4,585,166 
2, 782, 177 
6, ,533, 353 
1,227,733 
5, 760, 128 
495. 748 

5, 830, 454 
394, 840 

6, 448, 736 
5, 059. 334 
3, 858, 580 
2, 944, 472 
2, 686, 676 
2,334,173 
1, 938, 527 
1,510,934 
1,467,982 
1,124,259 
4, 679, 855 
3, 254, 7fi3 
2, 274, 932 
2,812,37? 
1,760,579 
1,125.939 

640, 346 
293. 533 
(2) 

992, 192 

(0 



592, 033 



44, 909 



139, 147, 



39, 279 
33, 224 
31,832 
28, 242 
32, 526 
37, 000 
37. 261 
39, 806 
37, 497 
40, 825 



120, 030, 049 
89, 908. 905 
83, 367, 347 
93. ,593, 901 
1.57.410.693 
216,346,916 
211,061,345 
212, .341, 6,56 
223, 036, 805 
219, 960, 990 



$1, 182 
"i6,574 



55,258 
"46,"370 
16," 406 



37,311 



67,974 
"57,091 



71, 950 



96, 352 

87, 352 

86, 148 

84, 1 12 

87, 373 

88, 798 

81, 440 

68, 309 

72, 305 

61,161 

291,862 

261. 334 

21.5. 134 

335, 595 

259, 866 

185, 258 

125, 152 

64, 141 

(>) 

(») 

335, 998 
(») 



171, 197 



3, 433, 003 



3,416.992 
1. 608, 377 
1,203,868 
861,871 
3,416,992 
6, 020, 950 
6, 446, 274 
6,232,124 
8,134,654 
6.897.119 



For footnotes, see p. 126. 



120 



STATISTICS OF INCOME 



Table 9. — Individval retvrns for 1935, by States and Territories and by net income 
classes, showing number of retvrns, 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.. 

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.) 1 

3-3.5 (est.) 

3..^4 (est.) I 

3.5-4 (est.) 

4-4.5 (est.)>.. 

4-4.5 (est.) 

4.5-5 fest.)i 

'».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... 

20-2.5. 

25-30.... 

30-40 

40-50..-. 

50-fiO 

60-70 

70-80 

80-f)0._.. 

90-100 

lOO-l.'iO 

150-200 

200-250 

2.50-300 

300-400 

400-.'iOO 

500-7.50 

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 Slid over 

Classes crouped ». 

Total 



Summary for preceding years:' 

1034 

1933 

1932. 

1931. 

1930 

1929... 

192S 

1927 

1926 

192.5 



Oregon 



Number 
of returns 



1, 023 

54 

5, 718 

4, 575 

2,610 

2. SI 2 

1,871 

990 

4,197 

89S 

1,418 

1,260 

526 

968 

111 

736 

42 

553 

32 

S20 

528 

323 

253 

196 

131 

94 

85 

62 

63 

165 

65 

38 

42 

11 

7 

1 

3 



33, 273 



27, 253 
27, 572 
2.5, 845 
20, 181 
26, 047 
28,194 

29, 333 
33 903 

30, 955 
32, 542 



Net income 



$627, 801 
26, 651 
6, 852, 504 
5, 840, 882 
4,493,138 
4, 858, 326 
4, 240, 362 
2, 166, 968 
11,382.986 
2, 546, 496 
4, 510, 725 
4,086.313 
1,947,160 
3,613.502 

462, 502 
3,117,180 

195, 608 

2, 620, 621 
170, 908 

4.474,431 

3, 420, 804 
2,416.072 
2, 145, 593 
1, 852, 328 
1,373,496 
1, 07,5, 504 
1, 056, 269 

840, 537 

765, 504 

2, 823, 025 

1,449,680 

1,036,624 

1, 429, 621 

479, 059 

371, 239 

(2) 

227, 436 



(2) 



308, 140 



91,305.901 



71,076,619 
66,190,038 
60,519,751 
73,1.54,659 
106,076,107 
123, 360, 587 
132,829,673 
140,739,425 
135, 030, 190 
132, 022, 718 



Total tax 



$734 
"26,"096' 



56, 745 
'33,' 624' 



18,318 
"24,161" 



30, 957 



32, 680 
'33,'095' 



70, 352 
64, 514 
55, 537 
62. 964 
59, 492 
62, 232 
44, 7,9 
49, 585 
41,701 
38, 942 
175, 538 
116,186 
102, 043 
164, 679 
68, 900 
l^\ 844 

49, 764 



n 



92, 625 



1, 625, 697 



1, 084, 6.38 
796, 893 
670, 442 
474. 055 

1, 073, 680 

1, 663, 775 

2, 387, 276 
1, 920, 597 
2, 17.5, 322 
1,787,992 



Pennsylvania 



Number 
of returns 



23, 666 

505 

66, 767 

26, 295 

27, 060 
32, 868 
26, 734 
15,038 
47, 094 

8,948 
19, 584 
10,621 
7,785 
12. .527 
2, 572 
11, 749" 
1,164 
9, 752 
697 
9.422 
6, 646 
4,447 
3,150 
2,339 

1, 8,52 
1,425 
1,176 

997 
784 

2, 662 
1, 440 

833 

9.56 

478 

306 

146 

128 

85 

64 

113 

12 

25 

10 

8 

8 

12 

1 

5 



389. 994 



342, 308 
323, 960 
334,471 
267, 848 
322. 503 
364,145 
361, 220 
381,374 
397, 575 
376, 923 



Net income 



$16, 292, 805 
305, 741 
76, 832, 103 
S.'i, 172, 442 
46, 946, 656 
56,696,410 
60, 951, 474 

33, 287, 7.58 
128, 166, 507 

24, 662, 769 
02, 638, 126 

34, 582, 378 
28,741,-388 
46. 932, 333 
10, 846, 060 
49,819,3^9 

6, 488, 462 
46, 254, 638 
3, 799, 500 
51,,500. 2S5 
42,9.57,712 
33, 233, 693 
26, 699, 759 
22,1.59,761 
19.390,783 
16, 354, 544 
14. 668, 531 
13,430,844 
11.362,537 
45. 773, 881 
32, 304, 881 
22,713,161 
32.708,645 
21,24.3,010 
16, 688, 928 
9.416,180 
9, .541, 670 
7,193,337 

6, 068, 956 
13, 4.54, 020 

7, 196,610 
6,471.286 
2. 64,5, 236 
2, 846, 670 
3.419.798 
7,718,518 

(2) 
(2) 



6, 803, 092 



1,273,383,247 



1, 067, 788, 870 
970, 2.50, 517 
1,023,234,341 
1,193,400,020 
1,620.314.109 
2, 217, 958, 557 
2, 204, 955, 406 
2.091,82,5,217 
2, 138, 168, 594 
2, 031, 305, 849 



Total tax 



6,211 



217, 896 



693, 138 

'547,'876 



382, 679 



332, 086 
"464,'i93 



629, 678 



677. 211 



7,^3, 803 

740, 700 

746. 830 

740. 221 

719. 354 

717, 694 

671,848 

657. 413 

643, 001 

591.833 

2. 799, 323 

2, 6 10, 008 

2, 205. 274 

3,912,987 

3.130,280 

2, 870, 813 

1.879,506 

2,141,261 

1, 796, 093 
1,653,415 
4, 348, 782 
2,812,574 

2, 290, 191 
1,17,5,182 
1,358,114 
1,681,709' 

3, 995, 871 

m 



3, 727, 770 



57, 052, 818 



44, 423, 726 
32, 872, 779 
39, 904. 410 
24,8.54,668 
4«, 825. 528 
90, 694, 655 
96, 772, 465 
78, 674, 525 
76, 887, 31-5 
73, 364. 345 



For footnotes, see p. 126. 



STATISTICS OF INCOME 



121 



Table 9. — Individual returns for 19S5, 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 


Rhode Island 


South Carolina 


(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.)i 


1,596 

68 

5,412 

3,833 

2,179 

2,666 

2,363 

1,132 

3,692 

739 

1,583 

920 

498 

822 

195 

614 

104 

565 

57 

859 

662 

433 

3.52 

212 

208 

171 

113 

93 

74 

278 

142 

97 

117 

57 

27 

18 

12 

9 

8 

14 

7 

3 

2 

1 


$1, 068, 947 

36, 680 

6, 378, 569 

4, 983, 310 

3, 773, 990 

4, 553, 428 
5. 323, 585 
2. 484, 330 

10. 050, 531 
2, 048, 491 

5, 043, 878 

2, 969, 600 

1, 85.5. 235 

3, 074, 324 
829, 172 

2, 607, 602 
493, 862 

2, 668, 425 
310,675 

4, 673, 265 
4, 288, 416 

3, 243, 580 

2. 985, 376 
2,011,014 
2, 182, 759 
1, 958, 688 
1,411,404 
1, 257, 340 

1, 069, 382 

4, 76,5. 217 
3, 192. 999 
2,651.610 
3,975,534 

2, 526, 987 
1, 457, 769 
1, 164, 607 

898, 709 
763, 455 
758,111 
1, 602, 4,54 
1,216,792 
682, 076 

m 




1,465 

74 

1,936 

1,537 

1,727 

1,005 

1,771 

446 

1,871 

400 

897 

536 

276 

492 

110 

390 

44 

279 

35 

439 

294 

189 

132 

120 

65 

50 

34 

27 

20 

92 

23 

23 

12 

5 

1 
2 
2 


$987, 043 
35, 341 
2,363,411 
1, 967, 205 
3, 016, 832 
1, 728, 589 
4, 002, 476 
989, 071 
5, 083, 795 
1,116,314 
2, 862, 391 

1, 743, 549 
1, 019, 284 
1, 845, 331 

471,589 
1,660,841 

209, 623 
1,317,978 

188, 541 

2, 389, 285 
1, 904, 626 
1, 409, 736 
1, 123, 237 
1, 138, 582 

681. 169 
572, 870 
423, 434 
364, 505 
290, 386 
1, 598. 535 
521, 538 
630, 139 
420, 437 
216, 100 
205, 107 
(») 

8 




Under 1 (est.) 


$751 


$981 


1-1.5 (est.)i 


1-1.5 (est.) - 


26, 826 


8,619 


1 5-2 (est.)' 


1.5-2 (est.) 


51, 829 


19,491 


2-2.5 (est.)'.- 


2-2.5 (est.) 


38,643 


15, 149 


2 5-3 (est.)' 




2.5-3 (est.) 


22, 916 


8.704 


3-3.5 (est.)' 


3-3.5 (est.) 


21, 359 


10, 515 


3. ,5-4 (est.)' 


3.,5_4 (est.) - 


29, 749 


13, 896 


4-4.5 (est.)' - -•- 




4-4.5 (est.) 


26, 521 


12, 950 


4 5-5 (est.)' 


4.5-5 (est.) - 


34, 474 


13,497 


5-6 ' 


5-6 


66, 127 

7.5,116 

70, 265 

77, 636 

64,283 

79, 588 

79, 724 

61,611 

59, 510 

53,918 

286, 616 

243, 355 

250, 638 

461, 280 

364, 287 

241,595 

225. 916 

197, 405 

185, 378 

199, 286 

501,208 

467, 965 

284, 545 


32, 937 


6-7 


29,904 


7-8 


28,248 


8-9 


28.028 


9-10 


34, 951 


10-11 


24.332 




22,540 


12-13 


19, 330 


13-14 - 


17, 572 


14-15 


15, 0.52 


15-20 


98, 086 


20-25 


43, 195 


25-30 


61,292 


30-40 


51, 798 




31,223 


60-60 - 


32,626 




(') 


70-80 


(») 




(') 


90-100 






1 


(') 


« 


150-200 




200-250 








250-300 








300-400 - 








400-500 








500-750 


1 

1 


(2) 
(2) 


(2) 








750-1,000 








1,000-1,500 








1,500-2,000 














2,000-3,000 














3,000-4,000 - - 














































2, 348, 563 


1,151,716 




511,353 


127,804 












33, 009 


113,640.801 


6, 002. 036 


16. 826 


47, 010, 243 


802,720 






1934 


31, 235 
29, 489 
30, 581 
22, 375 
23, 862 
26, 481 

25, 801 
25, 184 

26, 362 
29, 123 


104, 193, 731 
92, 589, 659 
101,863.121 
111,159,397 
136, 571, 363 
184,531,178 
176, 22.5, 164 
157, 464, 733 
155, 0.50, 974 
160, 955, 280 


5,232,124 
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 


14. 937 

12, 686 
11, 902 
10, 536 
12, 179 
13,232 

13, 725 
14,310 
13, 809 
15, 727 


41, 023, 968 
32,131,067 
29, 080, 658 
33, 8.58, 781 
42, 714, 132 
50,257,416 
55, 510, 360 
55, 218, G79 
53,060,331 
57, 661, 544 


735, 471 




450, 922 


1932 


312,924 


1931 


197,943 


1930 


304, 596 


1929 


566, 252 


1928 


716, 628 


1927 


554, 731 


1926 


420,164 




430, 879 







For footnotes, see p. 126. 



122 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, 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) 



South Dakota 



Number 
of returns 



Net income 



Total tax 



Tennessee 



Number 
of returns 



Net income 



Under 1 (est.)'-- 

Under 1 (est.) 

1-1.5 (est.)i 

1-1.5 (est.) 

1.5-2 (e^t.)' 

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.) 

6-6' 

5-6 --- 

8-7 

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-,')00 

500-750- 

750-1,000 

1,000-1,500 

1,500-2,000 

2,0(X)-3,000... 

3,000-4.000 

4,000-5,000 

5.000 and over 

Cliwses grouped '- 

Total 



904 

32 

1,125 

966 

917 



262 

1,148 

225 

493 

324 

171 

253 

51 

183 

24 

154 

20 

200 

135 

84 

70 

31 

16 

21 

20 

14 

9 

38 

10 

4 

3 

1 

2 

1 



$563, 563 

15, 085 

1, 356, 064 

1,251,051 

1, 605, 331 

1, 168, 890 

2, 240, 620 

577, 817 

3, 130, 806 

630, 279 

1, 582, 634 

1,055,115 

634, 901 

948, 080 

212, 775 

776, 575 

114,946 

736, 691 

109, 554 

1,090,430 

872, 560 

623, 741 

594, 562 

294, 585 

165, 661 

241, 536 

251, 662 

190, 670 

130, 257 

657, 214 

227,715 

110, 164 

111,796 

m 
w 



$404 
'6,"327' 



13, 425 

"s.m 



4,969 
6,960 



7,308 



6,861 



8,123 



15, 299 
14, 693 

12, 559 
15, 152 

8,435 
5,896 
9,180 
11, 125 
9,026 
6,388 
38, 157 
15, 225 
10,110 

13, 962 

m 
m 
m 



2,099 

59 

5,903 

1,922 

3,028 

3,342 

3,569 

1,492 

5, 932 

1,045 

2,427 

1,488 

844 

1,718 

317 

1, 549 

104 

1,083 

79 

1,185 

789 

451 

366 

278 

186 

159 

142 

106 

78 

240 

138 

69 

66 

35 

21 

7 

7 

6 

3 

3 



$1, 441, 520 

33, 753 

7, 024, 338 

2, 606, 618 

5, 260, 044 

5, 785, 647 
8, 135, 723 
3,321,578 

16,121,100 
2, 875, 122 
7,770,812 
4, 839, 546 
3, 127, 663 

6, 432, 423 

1, 335, 457 
6, 519, 464 

493, 320 
5, 125, 016 

429, 466 
6, 473, 762 
5, 103, 719 
3, 357, 569 
3, 098, 703 

2, 636, 621 
1,943,013 
1,821,126 
1, 772, 147 

1, 426, 258 
1, 130, 518 
4, 154, 628 

3, 065, 340 
1, 872, 571 

2, 219, 243 
1, 573, 247 
1,161,377 

454, 089 
518, 305 
503, 945 
281, 699 
337, 839 



811,725 
(') 



m 



420, 230 



96, 992 



1,131,022 



9,582 



24, 693, 550 



345, 333 



42, 341 



135, 557, 076 



Summary for preceding years:' 

1934. 

1933 

1932 

1931. 

1930 

1929 

192S 

1927 

1926........ 

1925 



8,302 

7,555 
8,356 
7,387 
9,449 
10, 449 
10, 649 
10, 969 
12, 414 
17, 086 



20,105.511 

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 



225, 380 
188, 033 
137, 503 
105, 602 
178, 379 
390. 886 
321.516 
209. 667 
208. 893 
192, 460 



37, 938 

33. 464 

31, 543 
28.117 

32, 682 

34. 664 
35. 039 
33.812 

35. 495 
34, 689 



115,788,720 
93, 395, 213 
88,515,162 
107, 251, 482 
140,422,521 
177,388,337 
190, 287, P82 
173, 162, 605 
175,714,293 
168, 19*. 127 



For footnotes, see p. 126. 



STATI.STICS OF INCOM K 



123 



Table 9.- — Individual returns for 1935, 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 


Texas 


Utah 


(Thousands of dollars) 


Number 
of returns 


Net income 


Total tax 


Number 
of returns 


Net income 


Total tax 


Under 1 (est.)' 


8,251 

90 

14, 054 

9,777 

8,470 

9,112 

9,929 

5,407 

13. 579 

4,997 

7,043 

7,045 

2,376 

6,166 

731 

4.883 

376 

3,689 

186 

5,059 

2,986 

1,660 

928 

690 

652 

432 

384 

260 

275 

736 

437 

219 

234 

118 

77 

34 

22 

19 

13 

21 

10 

6 


$5,430,672 

52, 153 

16, 950. 640 

12, 654, 904 

14, 714, 920 

15, 669, 695 
22, 720, 999 
12. 037, 740 
37, 074, 9S4 
1.3,937,910 
22, 529, 745 
22, 890, 753 

8, 765, 105 
23,093,611 

3, 059, 320 
20. 646. 539 

1, 765, 394 
17,4.55,168 

1, 005, 075 
27,626,197 
19, 279. 324 
12.373,159 

7, 877, 352 
6, 538, 179 
6. 826. 073 

4, 962, 140 

4, 786, 290 

3. 505, 468 
3. 979. 387 

12. 584, 213 

9, 725, 791 
6.012.992 
8, 085. 683 

5, 240, 348 

4. 162. 2,54 

2. 169, 382 
1, 616. 221 
1,611,478 

1, 245. 383 

2, 523, 270 
1,7.32,031 
1,281,611 




1,031 

31 

1,889 

1,152 

1,355 

680 

1,532 

215 

2,056 

270 

877 

453 

223 

473 

97 

294 

33 

220 

22 

340 

203 

151 

94 

66 

56 

41 

28 

30 

22 

64 

45 

14 

16 

9 

1 

2 

2 


.$651, 029 

13, 944 

2, 338, 150 

1, 465, 980 

2, 357, 347 
1, 161, 158 

3, 488, 350 
474, 515 

5, 602, 414 

764, 381 

2, 804, 965 

1. 475, 597 

826, 786 

1, 765, 098 

410, 885 

1, 245, 081 

156, 197 

1, 042, 057 

119,314 

1,861.333 

1, 309, 832 

1,120,681 

799, 280 

622, 928 

587, 063 

467, 999 

351, 299 

403. 858 

318. 605 

1,091,359 

1,001,918 

379, 396 

540, 754 

415, 943 

(») 




Under 1 (est.) - 


$1,115 


$297 


1-1.5 (est.)' 




1-1.5 (est.) . -- 


62, 819 


6, 769' 


1.5-2 (est.)' 


1.5-2 (est.) 


165, 187 


12, 938 


2-2.5 (est.)' 




2-2.5 (est.) - 


159, 499 


7, 100 


2.5-3 (est.)'" 




2.5-3 (est.) 


142, 059 


5,428 


3-3 5 (est.)' - 




3-3 5 (est.) 


200, 349 
'" 245,"385" 


8,451 


3.5-4 (est.)' - . 




3.5-4 (est.) 


10, 95a 


4-4.5 (est.)' 




4-4.5 (est.) --- 


260, 122 


11,183 


4.5-5 (est.)' 




4.5-5 (est.) 


258, 109 


10, 882- 


5-6 ' 




5-6 . . 


521, 068 
448, 428 
384, 401 
295, 751 
276. 175 
320, 890 
2.50. 515 
259, 593 
198, 878 
244. 513 
863, 468 
842, 437 
638, 794 
1, 048. 300 
820, 650 
761, 851 
454, 943 
382. 095 
412, 710 
360. 609 
836, 083 
665, 484 
542, 181 


24,285 


6-7 


31,373 


7-8 - - 


21, 396 


8-9 . - 


18, 899' 


9-10 . - 


18, 060 


10-11 


18,604 




18, 580 


12-13 


14, 535 


13-14 - - 


19, 565 


14-15 


14, 936 




62, 198 


20-25 


79,058 


25-30 


37, 166 


30-40 


63, 869 




60, 516 


60-60 


(2) 


60-70 


(») 


70-80 


W 


80-90 




90-100 - 










1 


w 


(1) 


150-200 












250-300 








300-400 


2 
3 
4 
2 
2 


0) 

1, 256, 543 

2, 327, 452 

(') 
(2) 


(') 

633, 665 
1, 254, 114 

(') 
(2) 








400-500 
















7.50-1.000 . . 








1.000-1,500 . . 








],.50f>-2,000 










1 


(') 


m 








3,000-4,000 . 








4,000-5.000 














5.000 and over 


















7, 379, 410 


4, 286, 170 




467, 320 


109,038 










Total 


131,447 


439, 162, 958 


19. 498. 410 


14,088 


39, 902. 816 


686, 084 






1934 -- 


118,930 
105, 950 
102, 966 
89, 158 
105. 0.58 
113,555 
112,273 
114,534 
111,438 
109, 448 


366, 713, 839 
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 


11,312,971 
7, 160, 953 
5, 743, 888 
4. 634, 359 
8,633,146 
12,866,9.50 
14. 401, 968 
12, 909, 842 
12,681,519 
9, 766, 688 


11,458 
10, 807 
10. 624 
9,785 
11.777 
13. 163 
13. 262 
13, 029 
13, 568 
16, 101 


32,016,329 
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 


468, 653- 


1933 


349, 519 


1932.. . 


366, 273 


1931 


196.095 


1930. 


447, 953 


1929 


881, 606 


1928 


1, 095, 839 


1927 . 


8,51,031 


1926 

1925 


62S. 773 
660. 497 







For footnotes, see p. 1 26. 



124 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, hy Stales and Territories and by net income 
classes, showing mimher 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 (e.st.)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.')' 

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.) 

5-61.- 

5-6 

6-7 

7-8 

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... 

300-100 

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 



Vermont 



Number 
of returns 



1S3 

40 

2,154 

1, 383 

707 

6S9 

4S2 

301 

1,814 

311 

575 

.■?45 

195 

2S0 

62 

235 

31 

179 

19 

276 

168 

97 

79 

67 

43 

32 

21 

15 

14 

53 

16 

12 

16 

2 

3 

2 

1 

1 



Net income 



Virginia 



Total tax 



$116,990 

22, 160 

2. 5(52, 703 

1, 770, 166 

1, 221, 669 

1, 176,482 

1, 076. 466 

663, 574 

4, 922. 927 

869, 042 

1, 842. 072 

1,112,486 

725, 488 

1, 058, 322 

262. 077 

990,039 

147, 522 

851. 072 
102,583 

1. .507. 104 
1, 085, 468 
721.997 
667, 862 
634, 785 
449, 84:5 
368, 643 
261,817 
201. 406 

202. 073 
921,373 
357, 065 
326, 2;-,0 
542, 727 
(2) 

165, 440 
(2) 

m 

(0 



$441 
"8,"385 



12, 582 
"'9,"722' 
""5,"823' 
""8,'5ii' 



8,030 



10, 236 



10, 450 



21,858 
IS, 429 
15,809 
17, 575 
19. 089 
14. 900 
15. 345 
11.386 
9.788 
10, 1S6 
55, 453 
26. 8?3 
30,610 
59,738 
(■') 

26,441 
(2) 
V-) 

(*) 



Number 
of returns 



4,125 

80 

6, 666 

2, 620 

4. 385 

4,574 

4. 983 

2, 0.'.0 

7.044 

1.197 

2.841 

1.8.55 

1,061 

2, 258 

341 

2,046 

231 

1, 329 

129 

1.308 

895 

637 

424 

293 

228 

178 

118 

116 

84 

268 

145 

87 

95 

46 

31 

24 

15 



Net income 



$2, 757, 971 

48,311 

8. 092, 621 

3, 54.=;, 739 
7, 652. 022 
7,915,225 

11,331,733 
4.521.630 

19, 172, 565 
3,311,410 
9, 116.902 
6, 052, 594 
3. 904, 309 
8, 476, 726 

1, 423, 714 
8, 680, 090 
1,077,028 
6, 294. 008 

701, 487 
7,158,062 
5, 797, 675 

4, 759, 546 

3, 590, 641 

2, 774, 1.56 

2, 392. 778 
2,039.144 
1,474,698 
1. 558. 837 

1, 218. 650 

4. 602, 963 

3, 245, 330 

2, 391, 484 

3, 229, 327 
2, 017, 778 
1, 685. 084 
1. 542, 391 
1.118,665 

421. 987 
380, 573 
853, 682 
818, 108 
703, 675 

(2) 
0) 



373,! 



76, 258 



1, 352, 496 



10, 903 



30, 293, 579 



503, 958 



54,8-35 



171, 203, 815 



Summary for preceding years:' 

1934- 

1933 

1932 

1931 

1930 

1929... 

1928 

1927 

1926 

1925 



9, 824 
9,375 
10. 439 
7,803 
8.635 
9,586 
9,394 
8,268 
8.645 
9,559 



26, 565, 697 
23, 937, 328 
27, 542, 982 
29, 853, 410 
39, 259. 341 
49, 916, 326 
48. 086, 175 
41.842,221 
42. 209, 083 
45, 857, 160 



435, 666 
339, 220 
406, 645 
284, 753 
626, 874 
1, 019, 863 
1, 055, 740 
846, 932 
821, 296 
919, 959 



47,814 
42,920 
43, 136 
34,689 
37, 915 
38.631 
37, 619 
37. 393 
37, 797 
37, 507 



139, 932, 355 
117. 634, 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 



For footnotes, see p. 126. 



STATISTICS OF INCOME 



125 



Table 9. — Individual returns for 1935, by Slates 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 l(est.)»- - 
UnderKest.)--. 

1-1.5 (est.)' 

1-1.5 (est.) 

1.5-2 (est.)i 

1.5-2 (est.) 

2-2.5 (est.) 1 

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.) 

4-4.5 (est.)i 

4-4.5 (est.). 

4.5-5 (est.)' 

4.5-5 (est.) 

5-6' 

5-6 

6-7 

7-8 

8-9 

9-10 

lC-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 

1.50-200 

200-250 

250-300 

300-400 

400-500 

500-7.i0 

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 



Washington * 



Number 
of returns 



3,430 

45 

10, 101 

4,233 

4,498 

7,658 

3,458 

3,775 

8,966 

2,806 

2,737 

2,939 

1,092 

3,441 

173 

2,509 

141 

2,080 

76 

2,178 

1,246 

593 

338 

258 

200 

176 

104 

86 

71 

222 

94 

60 

58 

40 

17 

7 

5 

2 



Net income 



$2, 072, 476 
23,870 

11,826,327 
5, 745, 974 
7, 792, 368 

13, 208, 207 
7, 784, 222 
8, 385, 451 

24, 367, 723 
7, 737, 568 
8, 728, 015 
9, 603, 871 
4, 009, 521 

12, 901, 259 
720, 704 

10, 633, 482 
665, 038 

9, 872, 342 
409, 847 

11, 878, 236 
8, 006, 754 
4,415,494 
2, 865, 072 

2, 438, 899 
2, 093, 875 
2, 019, 146 
1, 301, 356 
1, 157, 781 
1, 031, 734 

3, 790, 607 
2. 074, 342 
1,642,403 
2, 024, 588 
1.802,308 

913, 490 
439, 978 
377, 203 
(2) 



399, 757 

(2) 

(-') 



Total tax 



$524 
'38,'79i' 



131, 610 
"i06,"572' 



102, 608 



134, 841 



132, 436 



138, 302 



215, 396 
181, 859 
131, 762 
101, 201 
103, 135 
93,833 
97, 485 
67, 020 
60,147 
55, 593 
240,812 
167, 394 
163, 859 
245, 494 
266, 065 
152, 356 
85, 452 
83,068 



134, 251 
(2) 
0) 



West Virginia 



Number 
of returns 



2,289 

52 

7,039 

2,335 

3,105 

2,841 

2,496 

1,495 

4,011 

955 

1,766 

1,343 

704 

1,331 

191 

1,267 

118 

688 

95 

765 

535 

360 

261 

224 

1.57 

129 

81 

67 

70 

186 

108 

56 

45 

27 

10 

5 

10 
3 
1 
2 
1 



Net income 



$1, 454, 595 
24, 397 
8, 414, 397 
3, 052, 256 
5, 388, 031 
4, 908, 475 
5, 601, 085 
3, 300, 015 

10, 975, 219 

2, 669, 700 
5, 650, 883 
4, 370, 765 
2,611,491 
4, 972, 845 

808,620 

5, 371, 748 

552, 573 

3, 259, 686 
516, 030 

4, 198, 365 
3, 475, 698 
2, 693, 639 

2, 210, 101 
2, 122, 042 
1, 646, 761 
1, 480, 933 
1, 013, 786 

900, 361 
1, 014, 883 

3, 202, 469 
2, 411, 749 
1, 547, 746 
1, 519, 473 
1, 191, 575 

548, 513 
321, 445 
7.53, 750 
258, 920 
(2) 
(2) 
(2) 



Total tax 



$479 



16,449 



58,238 



53, 403 



29, 034 



33, 574 
37,916 
6i,'694 



36,586 



55, 234 
53,996 
52, 019 
53, 933 
63, 959 
58,471 
55, 567 
46, 405 
40, 112 
49,422 
181,010 
176, 839 
148, 105 
174, 440 
175, 920 
97,404 
62, 765 
164, 837 
63,864 
(') 



762, 296 



278, 435 



505,002 



69, 919 



197, 923, 584 



3, 868, 053 



37,224 



106, 920, 022 



Summary for preceding years:' 

1934 

1933 

1932 

1931 

1930 

1929 

1928 

1927 

1926 

1925 



60, 151 
54, 539 
56, 434 
51, 781 
63, 129 
65, 240 
66, 167 
62,200 
61, 950 
78, 030 



153,639,087 
131, 639, 579 
133, 697, 243 
174, 858, 4.52 
238, 857, 983 
302. 258, 404 
273, 648, 593 
252, 547, 211 
245, 592, 050 
272, 544, 925 



2, 551, 738 
1, 646, 568 
1, 557. 558 

1, 238, 044 

2, 750, 143 
5, 775, 343 
4, 464, 930 
2, 913, 642 
2. 800, 548 
2, 717, 102 



30, 297 
25, 837 
26, 872 
22,118 
27, 130 
29. 803 
30.643 
32, 500 
32.544 
35, 810 



87, 992, 253 
69, 42.5, 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 



174, 512 



2, 276, 187 



1, 674, 942 

1, 107, 746 

928, 480 

515,600 

1, 238, 711 

2, 298, 875 
2, 920, 822 
2, 519, 731 
2, 304, 313 
2, 133, 510 



For footnotes, see p. 126. 



78020— .38- 



126 



STATISTICS OF INCOME 



Table 9. — Individual returns for 1935, 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) 



Wisconsin 



Number 
of returns 



Net income 



Total tax 



Wyoming 



Number 
ofreturns 



Net income 



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.) 1 

2-2.5 (est.) 

2.5-3 (est.) 1 

2.5-3 (est.) 

3-3.5 (est.) 1 

3-3.5 (est.) 

3.5-4 (est.) ' 

3.5-4 (est.) 

4-4.5 (est.) 1 

4^.5 (est.) 

4.5-5 (est.) 1 

4.5-5 (est.) 

5-6 1 

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 

SOO-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 2. 

Total 



14, 740 

464 

15, 725 

14, 067 

10, 159 

6,904 

9,271 

2,537 

8,687 

2,431 

3,605 

2, 728 

1,285 

2,482 

352 

1,616 

147 

1,192 

90 

2,008 

1,274 

880 

593 

488 

307 

279 

226 

179 

135 

403 

207 

102 

104 

52 

23 

16 

10 



$9, 491, 727 

238, 974 
19, U37, 112 
18, 010, 475 
17, 613, 539 
11,767,374 
20, 933, 815 

5, 638, 874 
23, 554, 259 

6, 796, 574 
11,543,481 

8, 852, 946 
4, 764, 647 
9, 277, 651 
1, 493, 160 
6, 836, 354 

700, 688 
5, 620, 131 

492, 340 
10, 966, 641 
8, 238, 302 
6, 574, 412 
5, 022, 412 
4, 625, 909 
3, 213, 291 
3,199,611 
2, 824, 629 
2,416,023 
1, 954, 042 
6, 889, 431 
4,613,561 
2, 783, 815 
3, 598, 931 
2, 346, 846 
1, 252, 502 
1, 053, 073 

746, 464 

678, 904 

(') 
1,411,740 

(2) 

(2) 

(') 



$4, 838 
""84," 309' 
"i32,"679' 



60, 454 



64, 799 



72, 063 



68, 844 



67, 981 



162, 211 
145, 309 
150, 298 
141,332 
153, 228 
119,093 
128, 328 
123, 999 
118,769 

97, 266 
406, 185 
361,566 
258, 402 
418,799 
325, 481 
204, 493 
204, 403 
164, 969 
169, 792 

(2) 
441, 740 

(') 

(2) 

(2) 



533 

13 

1,022 

1,386 

685 

615 

672 

224 

980 

245 

528 

314 

165 

266 

61 

198 

12 

112 

13 

218 

139 

100 

59 

37 

26 

25 

13 

16 

11 

23 

14 

5 

5 

1 

2 



$334, 

6, 

1, 240, 

1, 784, 

1, 190, 

1,051, 

1,531, 

496, 

2, 670, 

689, 

1, 690, 

1, 023, 

602, 

997, 

257, 

837, 

56, 

530, 

69, 

1, 196, 

899, 

741, 

500, 

350, 

274, 

287, 

162, 

214, 

159, 

402, 

304, 

133, 

167, 

(2) 

(2) 



m 



m 



m 



1, 509, 789 



637, 050 



844, 589 



105, 785 



258, 590, 449 



5, 577, 366 



8,739 



23, 703, 202 



Summary for preceding years: 

1934_. 

1933 

1932... 

1931 

1930 

1929 

1928 

1927 

1926 

1925 



92, 826 
89, 739 
91, 557 
84, 681 
95, 366 
103, 044 

98, 4S5 
100, 956 

99, 251 
110, 485 



217, 350. 901 
184, 154, 155 
203, 833, 124 
251, 988, 008 
357, 657, 2-10 
450, 934, 107 
453, 394, 323 
436, 579, 613 
407, 642, 742 
418, 618, 008 



5, 009, 731 
3, 106, 227 
3, 222, 425 
2, 438, 474 
5, 892, 638 
10, 287, 020 
12.459,318 
10. G21. 745 
8.418.047 
6, 799, 312 



7,182 
6, 603 
6,796 
5,891 
6, 809 
8,140 
8, 622 
8.870 
8,930 
10, 336 



19. 035, 620 
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 



• 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. 

' Changes in the revenue acts affertins the comparability of statistical data from income tax returns of 
Individuals are summarized on pp. 132-139. 

* Includes Alaska. 



STATISTICS OF INCOME 



127 



Table 10. — Individual returns for 1935 on Form IO4O with no net income, by 
States and Territories, showing number of returns and deficit 



States and Territories 



Alabama 

Ari7,ona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

District of Columbia 

Florida 

Georgia 

Hawaii 

Idaho... 

Illinois 

Indiana 

Iowa... 

Kansas 

Kentucky 

Louisiana 

Maine 

Maryland 

Massachusetts.. 

Michigan 

Minnesota.. 

Mississippi. 

Missouri. 

Montana 



Number 

of 
returns 



571 

429 

495 

9,372 

805 

1,609 

195 

443 

1,381 

809 

336 

184 

7,144 

1,560 

1,610 

1,410 

686 

1,020 

471 

1,275 

4,915 

3,354 

1,094 

687 

2,008 

173 



Deficit 

(thou- 
sands of 
dollars) 



2,114 
1,069 
1,514 

32, 697 

1,930 

5,675 

692 

2,696 

5,060 

2,686 

667 

475 

40, 465 
4,738 
4,245 
3,711 
1,997 
4,505 
1,382 
5,540 

18, 346 

16,127 
4,554 
2,195 
7, 598 
540 



States and Territories 



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 



Number 

of 
returns 



843 
92 
368 

3,498 

334 

18, 480 

731 

530 

3,534 

1,518 
612 

7,392 
510 
406 
373 
726 

4,337 
277 
111 
846 

1,586 
654 

2,525 
290 



94, 609 



Deficit 

(thou- . 
sands of 
dollars) 



2,213 

369 

833 

12, 879 

816 

92, 839 

3,400* 

1,014 

16, 65» 

5,023 

2,405 

27, 900 

1, 642 

860 

722 

3,71& 

18, 098 

607 
2,496 
4,383 
1,542 
6,055 

694 



381, 353 



' Includes Alaska. 



Table 11. — Individual returns for 1935 on Form IO4O with no net income, by deficit 
classes, showing sources of income and deductions, and deficit 

[Deficit classes and money figures in thousands of dollars] 

[For text defining items and describing methods of tabulating and estimating data, see pp. 1-4] 





Sources of income 


Deficit classes 


Sala- 
ries, 
wages, 
com- 
mis- 
sions, 
fees, 
etc. 


Busi- 
ness 
profit 


Part- 
ner- 
ship 
profit > 


Net 
capital 
gain 2 


Rents 
and 

royal- 
ties 


Divi- 
dends 

on 
stock of 
domes- 
tic cor- 
pora- 
tions 


Income 
from 

fiduci- 
aries' 


Tax- 
able 
inter- 
est on 
par- 
tially 
tax- 
exempt 
Gov- 
ern- 
ment 
obliga- 
tions 3 


Other 
taxable 
inter- 
est 


Other 
income 


Under 5. 


38, 404 

10, 187 

9,497 

5,774 

3,299 

1,742 

1,232 

650 

402 

483 


17,784 

3,087 

2,997 

1,200 

355 

111 

140 

4 

2 

8 


4,427 
1,315 
1,674 
442 
581 
539 
243 
141 
125 
28 


6,989 

2,756 

2,959 

2,055 

1.739 

1,957 

879 

380 

334 

361 


36, 160 

5,876 

5,015 

2,300 

1,009 

461 

181 

31 

45 

44 


21,932 
6,624 
8,356 
5,286 
4,557 
2,887 
1,581 
1,187 
953 
244 


3,412 
789 
894 
766 
557 
174 
201 

61 
4 

16 


962 

355 

196 

159 

308 

18 

261 

15 

28 

15 


18, 835 

4,373 

4,224 

1,966 

1,484 

604 

640 

543 

271 

45 


7,522 
2,139 


5-10.. 


10-25. 


1,583 


25-50 


1,062 
932 


50-100 


100-150 


457 


150-300. 


348 


300-500 


71 


500-1,000.. 


319 


1,000 and over 


31 


Total 


71, 670 


25, 688 


9,514 


20,409 


51, 121 


53, 608 


6,874 


2,319 


32, 985 


14,468 



For footnotes, see p. 128. 



128 



STATISTICS OF INCOME 



Table 11. — Individual returns for 1935 on Form 1040 with no net income, by deficit 
classes, showing sources of income and deductions, and deficit — Continued 

[Deficit classes and money figures in thousands of dollars] 



Deficit classes 


Sources 
of in- 
come— 
Contd. 


Deductions 


Deficit 




Total 
income 


Busi- 
ness 
loss 


Part- 
nership 
loss ' 


Net 
capital 
loss 2 


Inter- 
est 
paid* 


Taxes 
paid* 


Contri- 
butions 


Other 
deduc- 
tions 


Total 
deduc- 
tions 




Under 6 — 

5-10 


156, 426 

37, 502 

37, 396 

21,011 

14,821 

8,949 

5,707 

3,083 

2,483 

1,275 


62, 546 

20,088 

16, 342 

6,673 

3,896 

2,399 

2,069 

1,533 

523 


7,817 
3,767 
5,557 
4,146 
4,312 
1,502 
2,881 
1,678 
2,550 
1,391 


17, 192 

2,017 

1,407 

564 

256 

66 

63 

32 

16 

4 


35, 293 

8,422 

9,334 

4,982 

3,539 

2,596 

2,288 

790 

460 

219 


29, 743 

6,230 

5,917 

2,730 

1,696 

903 

743 

137 

160 

156 


2,997 

580 

756 

355 

103 

49 

29 

44 

83 

3 


101, 124 
43, 934 
58, 277 
44, 444 
35, 262 
23, 834 
24, 438 
15, 604 
18, 209 
10, 259 


256, 711 
85, 038 
97, 590 
63, 894 
49, 064 
31,349 
32, 510 
19, 818 
22, 001 
12, 032 


100, 285 
47, 537 


10-25 


60, 194 


25-50 


42, 882 


50-100- 

100-150 


34. 242 
22, 400 


150-300 


26, 803 


300-500-.. 

500-1,000 

1,000 and over.. 


16, 735 
19. 518 
10, 757 






Total 


288, 653 


116, 068 


35, 601 


21, 616 


67, 924 


48, 415 


4,998 


375,384 


670,006 


381, 353 



1 For explanation of item, see p. 8. 

' For explanation of changes in 1934 Act affecting net capital gain and net capital loss, see text, pp. 7-8, 
and synopsis of laws, pp. 138-139. 

3 Interest received on Liberty 4 and 4H percent bonds. United States savings bonds, and Treasury bonds, 
owned in excess of $5,000. and on obligations of certain instrumentalities of the United States (see items 9 
and 25, Form 1040, p. 146). 

* Excludes amounts reported in schedules A and B as business deductions. 



REVENUE ACTS OF 1913-1934 

AND CERTAIN TAX PROVISIONS OF 

THE NATIONAL INDUSTRIAL RECOVERY ACT (1933) 

ALSO ESTATE TAX PROVISIONS UNDER 

THE REVENUE ACT OF 1935 



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" 



129 



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 
throusrh 1934, and certain tax provisions of the National Industrial 
Recovery Act (1933). 

B. Individual surtax rates and total surtax under the Revenue Acts 
of 1913 through 1934. 

C. Individual supplemental income and profits tax rates and tax 
credits, under the Revenue Acts of 1917 through 1934. 

ESTATES 

D. Estate tax rates, total estate tax, specific exemption, and credits 
against estate tax, under the Revenue Acts of 1916 through 1935. 

GIFTS 

E. Gift tax rates, total gift tax, specific exemption, exclusions and 
deductions under the Revenue Acts of 1924, 1932, and 1932 as 
amended by 1934. 

131 



132 



STATISTICS OF INCOME 



A. ^Individuals required to file returns, personal exemption, credit for dependents, 

tax provisions of the National 





Applicable to citizens and residents of the United States 




Income year 


Individuals required to file returns ' 


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 ' 


Gross in- 
come re- 
gardless 
of amount 
of net in- 
come 


1913 (Oct. 3, 1913) 


Mar. 1, 1913, through 

Dec. 31, 1915. 
1916 .. 


$3, 000 
3,000 
2,000 
2,000 
2,000 
i 2, 000 

2,500 

i 3, 500 

3, 500 

2,500 




$3, 000 
3,000 
1,000 
1,000 
1,000 
1,000 

1,000 

1,500 

1,500 
1,000 




1916 (Sept. 8, 1916) . . . 








|l917 








1917 (Oct. 3, 1917) 


(1918 






1918 (Feb. 24, 1919) 


Il919, 1920 

(1921 

-^1922 

11923") 

1924 








1921 (Nov. 23, 1921) 


$5,000 
5,000 
5,000 

5,000 
5,000 


$5,000 
5,000 
5,000 

5,000 
5,000 


1924 (June 2, 1924) 




(1925 ... . 


1926 (Feb. 26, 1926) 


0926 - .. 




[l927 




/1928 




1929 .. . 


1928 (May 29, 1928). 


1930 






,1931 


1932 (June 6, 1932) 


1932,1933 


National Industrial Recovery 


1933 


Act (June 16, 1933) .15 
1934 (May 10, 1934) 


1934,1935 


2,500 


5,000 


1,000 


5,000 







For footnotes, see pp. 134-135. 



STATISTICS OF INCOME 



133 



and normal tax rates, under the Revenue Acts of 1913 through 1934, and certain 
Industrial Recovery Act (1933) 



Applicable to citizens and residents of the United States— Oontd. 


Applicable to nonresident aliens ' 


Personal exemption and credit 
for dependents ' 


Net income subject 
to normal tax « 


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 
tax 
rate' 
(per- 
cent) 


Married 
and living 
with hus- 
band or 
wife, or 
head of 
family " 


Single, or 

married 

and not living 

with husband 

or wife, and 

not head of 

family ' 


Credit 
for each 
depend- 
ent ' 


'$4,000 
4,000 
2,000 
2,000 
2,000 

11 2, 500 

2,500 
3,500 

3, 500 
2,500 


'$3,000 
3,000 
1,000 
1.000 
1,000 
1,000 

1,000 

1,500 

1,500 
1,000 


None 

None 

$200 

200 

200 

400 

400 

400 

400 
400 


All... 


1 

2 

2 
4 
6 

12 
4 
8 
4 
8 

2 

4 

6 

IH 

3 

5 

IH 

3 

5 

14 2 

3 

5 

IH 

3 

5 

4 

8 








1 


All 


$4, 000 
1 


$3, 000 




2 


CFirst $2,000 




1 Balance over $2,000 

[First $4,000 


2 


} (') 
} (0 
1 1,000 

1,000 

• 1, 500 

• 1, 500 

1, 500 

1, 500 

1, 500 
} 1, 000 


(')■ 
(') 
1,000 

1,000 

1,500 

1,500 

1,500 

1,500 

1,500 
1,000 


(») 
{') 

(U) 
(U) 
(13) 
(U) 

(") 
(") 

(U) 

(") 




1 Balance over $4,000 

/First $4,000 . 


12 


\ Balance over $4,000 

fFirst $4,000 


8 


1 Balance over $4,000 

First $4,000 


"8 


^ Second $4,000 


13 6 


Balance over $8,000 

First $4,000 




■^Second $4,000 


13 5 


Balance over $8,000 

/(First $4,000 




■^Second $4,000 


13 5 


1 Balance over $8,000. . . 
(First $4,000 




■^Second $4,000 


1> 14 4 


(Balance over $8,000... 
1 First $4,000 . 




{Second $4,000 


13 5 


(Balance over $8,000. . . 
(First $4,000 




<Second $4,000. 


13 6 


Balance over $8,000... 
fFirst $4,000 


i»8 


IBalance over $4,000 


2,500 


1,000 


400 


All .. 


4 


1,000 


1,000 


(") 


»4 







134 



STATISTICS OF INCOME 



[Footnotes for table A] 



1 Required to file income tax returns for all income from sources within the United States (except income 
specifically exempt by law) regardless of amount, unless total tax has been paid at source. 

' (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 years 1913 through 1915, a citizen or resident of the United States whose net income was 
less than $20,000 and for whom a full return was made by withholding agents was not required to file a return. 

(c) For 1921 and subsequent years citizens deriving a large portion of their gross income from sources 
within a possession of the United States are required to file returns for all income derived from sources 
within the United States, or income from sources within or without the United States received within the 
United States, regardless of amount. (See sec. 262 of the Revenue Acts of 1921, 1924, and 1926, and sec. 251 
of the Revenue Act of 1928, and subsequent acts.) 

(rf) 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 e.xceeds $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). Rev- 
enue Acts of 1932 and 1934.) The compensation of resident alien employees of foreign governments is ex- 
cluded from gross income under certain conditions. (See sec. 116 (h). Revenue Act of 1934, which subsection 
(h) was added by Public No. 374, 74th Congress, and which is retroactive, subject to the statutory period of 
limitation.) 

' Not applicable to citizens deriving a large portion of their gross income from sources within a possession 
of the United States, 1921 and subsequent years. Such citizens are entitled to the personal exemption 
shown in this table for nonresident aliens, 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 April 6, 1917, for the production of articles contributing to the prosecution of the war is included to 
a reasonable amount in business deductions, 1918 through 1921. 

(6) Contributions to charitable and scientific organizations, etc., not e.xceeding 15 percent of the net 
Income before deducting the contributions, are deductible for 1917 and subsequent years. (For unlimited 
deduction of contributions see sec. 214 (10), Revenue Acts of 1924 and 1926, and sec. 120, Revenue Act of 1928, 
and subsequent acts.) 

)c) Losses sustained in transactions entered into for profit but not connected with business or trade are 
not deductible, 1913 through 1915. For 1916 and 1917 such losses are deductible to the extent of the aggre- 
gate income from such transactions: for 1918 through 1931, such losses are wholly deductible, excepting that 
for the years 1924 through 1933 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 V2H percent of the loss. (See table C, p. 139.) 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 tliereof) 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 limiting the application of 
losses from the sale or exchange of stocks or bonds (other than capital assets) to gains from sinular transac- 
tions during the same taxable year and prohibiting the carrying forward and application of such losses to 
gains from similar transactions in the succeeding ta.xable year. Under the Revenue Act of 1932, the limita- 
tion on the deduction of losses from sale or exchange of stocks or bonds does not apply to persons dealing in 
securities or carrying on the banking business. (See sec. 23 (r) (3), Revenue Act of 193*2.) However, section 
218 (c) of the National Industrial Reco%-ery Act amends, effective as of Jan. 1, 19.33, section 23 (r) (3) of the 
Revenue Act of 1932, by removing the exemption from the stock-loss limitation allowed to persons carrying 
on the banking business, thereby limiting the application of losses from the sale or exchange of stocks or 
bonds (other than capital assets) to gains from similar transactions, and prohibiting the use of such losses to 
reduce income from other sources. Section 218 (d) of the National Industrial Recovery Act also amends, 
ellective as of Jan. 1, 1933, section 182 (a) of the Revenue Act of 1932 bv removing the privilege of individual 



STATISTICS OF INCOME 135 

members of a partnership to reduce their individual net incomes by their proportionate shares of a net loss 
incurred by the partnership through the sale or exchange of stocks or bonds (other than capital assets) 
By the Revenue Act of 1934 the definition of capital assets is broadened to include all property held by tax- 
payer, whether or not connected 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 per- 
centages are applied) is limited to $2,000 after subtracting 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. 139.) 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 liquida- 
tion) 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) Xet loss for prior year resulting from the operation of any trade or business regularly carried on by 
the taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior 
to Jan. 1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from net income of the pre- 
ceding year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the 
net income for the preceding year, the amount of such excess is to be deducted from the net income of the 
succeeding taxable j-ear. The Revenue Acts of 1921 through 1928 provide that net loss in any year begin- 
ning after Dec. 31, 1920. may be deducted from the net income of the succeeding taxable year, and if such net 
loss exceeds the net income for the succeeding year, the amount of such excess is to be allowed in the next 
succeeding year. The Revenue Act of 1932 provides that a net loss for the year 1930 or 1931 shall be allowed 
as a deduction in computing net income for the next succeeding taxable year only. (See sec. 23 (i) and sec. 
117, Revenue Act of 1932.) However, section 218 (a) of the National Industrial Recovery Act repeals, 
elTective as of Jan. 1, 1933, sections 23 (i) and 117 of the Revenue Act of 1932, thereby rem.oving the privilege 
of deducting from the net income for the current taxable year a net loss for the preceding taxable year. There 
is no provision in the Revenue Act of 1934 for deduction of net loss for prior year. 

« 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, 1913 through 1935, other than (1) corporations deriving 
a large portion of their gross income from sources within a possession of the United States, 1921 and subse- 
quent years, and (2) China Trade Act corporations, 1922 and subsequent years, and (3) corporations exempt 
from tax, 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 through 1933. 

(e) Income, the tax upon which has been paid or withheld for payment at the source of income for the 
years 1913 through 1917. 

(/) 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 and subsequent years, interest on obligations of instrumentali- 
ties of the United States, as defined in section 25 (a) (3), Revenue Act of 1934. 

(?) 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 1934 and subsequent years. (See table C, p. 139) (See note 13.) 

7 No provision for head of family in Revenue Act of 1913. Exemption prorated for period Mar. 1 through 
Dec. 31, 1913. 

' For each dependent under 18 years of age or incapable of self-support because mentally or physically 
defective. 

' 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. 

1" Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924. 

n For net incomes in excess of $5,000, personal exemption is $2,000. 

1' For 1922 and subsequent years, if nonresident alien is resident of contiguous country (Canada or Mex. 
ico), $400 credit allowed for each dependent. 

'8 For 1922 through 1933, alien residents of contiguous countries (Canada or Mexico) on net income at- 
tributable 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 and 1935 the rate of normal tax is 
the same for all individuals, both resident and nonresident. 

'< See Joint Resolution of Congress, No. 133, approved by the President Dec. 16, 1929, reducing rates 
of income tax for 1929. 

i» See note 5 (e) and (d). 



136 



STATISTICS OF INCOME 

B. — Individual surtax rates and total surtax 



Net income ' 


Revenue Act 






1913 


1916 


1917 


1918 


Exceed- 
ing 


Equaling 


On incomes for 
Mar. 1, 1913, 
through Dec. 31, 
1915 


On incomes for 
1916 


On incomes for 1917 


On incomes for 
1918, 1919, 1920, 
and Act of 1921 
on incomes for 
1921 






Rate 


Total 


Rate 


Total 


Rate 


Total 


Rate 


Total 


Thousands 
4 


of dollars 
5 
6 

7.5 
8 

10 
12 

12.5 
13 
14 
15 
16 
18 
20 
22 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


(percent) 


surtax 


5 










1 
2 
2 
3 
3 
4 
4 
4 
5 
5 
5 
8 


$10" 

25 
35 
75 
135 
150 
170 
210 
250 
300 
400 
500 
660 


' i' 

2 
2 

3 

4 
5 
5 
5 
6 
6 
7 
8 
9 


$16' 
40 
50 
110 
190 
215 
240 
290 
350 
410 
550 
710 
890 


6 










7.5 










8 










10 










12 










12.5 










13 










14 










15 










16 










18 










20 




$26" 




$26" 


i 


24 




40 




40 


8 


820 


10 


1,090 


26 




60 




60 


8 


980 


11 


1,310 


26 


28 




80 




80 


8 


1,140 


12 


1,550 


28 


30 




100 




100 


8 


1,300 


13 


1.810 


30 


32 




120 




120 


8 


1, 460 


14 


2,090 


32 


34 




140 




140 


8 


1,620 


15 


2,390 


34 


36 




160 




160 


8 


1,780 


16 


2,710 


36 


38 




180 




180 


8 


1,940 


17 


3, 050 


38 


40 




200 




200 


8 


2,100 


18 


3,410 


40 


42 




220 


2 


240 


12 


2, 340 


19 


3,790 


42 


44 




240 


2 


280 


12 


2,580 


20 


4,190 


44 


46 




260 


2 


320 


12 


2,820 


21 


4,610 


46 


48 




280 


2 


360 


12 


3,060 


22 


5, 050 


48 


50 




300 


2 


400 


12 


3,300 


23 


5,510 


60 


52 


2 


340 


2 


440 


12 


3,540 


24 


5,990 


52 


54 


2 


380 


2 


480 


12 


3,780 


25 


6,490 


54 


56 


2 


420 


2 


520 


12 


4,020 


26 


7,010 


56 


58 


2 


460 


2 


560 


12 


4,260 


27 


7,550 


58 


60 


2 


500 


2 


600 


12 


4,500 


28 


8,110 


60 


62 


2 


540 


3 


660 


17 


4,840 


29 


8,690 


62 


64 


2 


580 


3 


720 


17 


5,180 


30 


9,290 


64 


66 


2 


620 


3 


780 


17 


5,520 


31 


9,910 


66 


68 


2 


660 


3 


840 


17 


5,860 


32 


10, 550 


68 


70 


2 


700 


3 


900 


17 


6,200 


33 


11,210 


70 


72 


2 


740 


3 


960 


17 


6,540 


34 


11,890 


72 


74 


2 


780 


3 


1,020 


17 


6,880 


35 


12, 590 


74 


75 


2 


800 


3 


1,050 


17 


7, 050 


36 


12, 950 


75 


76 


3 


830 


3 


1,080 


17 


7,220 


36 


13,310 


76 


78 


3 


890 


3 


1,140 


17 


7,560 


37 


14,050 


78 


80 


3 


950 


3 


1,200 


17 


7,900 


38 


14,810 


80 


82 


3 


1,010 


4 


1,280 


22 


8,340 


39 


15, 590 


82 


84 


3 


1,070 


4 


1,360 


22 


8,780 


40 


16,390 


84 


86 


3 


1,130 


4 


1,440 


22 


9,220 


41 


17,210 


86 


88 


3 


1, 190 


4 


1,520 


22 


9,660 


42 


18, 050 


88 


90 


3 


1,250 


4 


1,600 


22 


10, 100 


43 


18,910 


90 


92 


3 


1,310 


4 


1,680 


22 


10, 540 


44 


19,790 


92 


94 


3 


1,370 


4 


1,760 


22 


10, 980 


45 


20, 690 


94 


96 


3 


1,4.30 


4 


1,840 


22 


11,420 


46 


21,610 


96 


98 


3 


1,490 


4 


1,920 


22 


11,860 


47 


22, 550 


98 


100 


3 


1,550 


4 


2,000 


22 


12, 300 


48 


23, 510 


100 


150 


4 


3, 5.50 


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 


42:3, 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 and 1935, the sum of the personal exemption and 
credit for dependents is allowed as a credit; prior to 1934 no such credit was allowed. 



STATISTICS OF INCOME 
under the Revenue Acts of 1913 through 1934 



137 



Net income i 


Revenue Act 








1921 




1924 




1926 




1932 




1934 














On incomesfor 










Exceed- 


Equal- 










1925,1926, 1927, 










ing 


ing 


On incomes for 


On incomes for 


and Act of 1928 


On incomes for 


On incomes for 






1922, 1923 2 




1924 


on incomes for 


1932, 1933 


1934. 1935 














1928 through 
























1931 














Bate 




Rate 




Rate 




Rate 




Rate 




Thous 


mds of 


(per- 


Total 


(per- 


Total 


(per- 


Total 


(per- 


Total 


(per- 


Total 


dot 


ars 


cent) 


surtax 


cent) 


surtax 


cent) 


surtax 


cent) 


surtax 


cent) 


surtax 


4 


5 


















4 


$40^ 
80 
155 
180 
300 
440 


5 


6 


















4 


6 


7.5 


.. 


' "$15" 










.. 


$16 


5 


7.5 


8 


1 


20 










1 


20 


5 


g 


10 


1 


40 










1 


40 


g 


10 


12 


2 


80 


""V 


' "$26" 


""V 


$20" 


2 


80 


7 


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 


620 


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 


9,600 


56 


58 


26 


6,920 


20 


5,060 


15 


4,100 


26 


6,920 


33 


10, 160 


68 


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, 6C0 


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 


1.^0 


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 


53 


80 600 


200 


250 


50 


95, 960 


38 


73, 020 


20 


41,660 


50 


95, 960 


54 


107, 500 


250 


300 


50 


120, 9ro 


38 


92, 020 


20 


51,660 


50 


120, 960 


64 


134, 600 


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 


500 


750 


50 


345, 960 


40 


270, 020 


20 


141, 660 


53 


356, 460 


57 


388, 000 


750 


1,000 


£0 


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 















2 Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a), Revenue Act of 1924. 



138 



STATISTICS OF INCOME 
C. — Individual supplemental income and profits tax rates 



Excess-profits tax 


Tax credit for income and profits taxes paid 
to foreign countries or United States pos- 
sessions 


Rev- 
enue 
Act 


Income 
year 


Income subject to excess- 
profits tax 


Rate 
(per- 
cent) 


Rev- 
enue 
Act 


Income 
year 


Amount of credit 


1917 


1917 


Salaries in excess of $6,000,' 
and income in excess of 
$6,000 • from business hav- 
ing no invested capital. 
Net income from business 
having invested capital: ' 
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 incom.e 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, 1935 


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.6 

Do. 

Do. 

Do. 

Do. 

Do.' 
Do.' 



1 In excess of $3,000 for nonresident aliens. 

2 Nonresident aliens having business with invested capital, reported only that proportion of invested 
capital which net income from sources within the United States was of the entire net incom.e. 

3 Deduction (not allowable to nonresident aliens), $6,000 plus an amount equal to the same percentage of 
invested capital for taxable year as the average annual pre-war income was of pre-war invested capital (not 
less than 7 percent nor m ore than 9 percent) . If not established during at least one whole year of the pre-war 
period, 8 percent. If, during the pre-war period, the individual had a deficit or a very small income from 
business, or if invested capital cannot be determined, same percent as that of representative businesses. 
(See sec. 210, Revenue Act of 1917.) 

* Nonresident aliens were not allowed to deduct income taxes paid to foreign countries, either as a tax 
credit or in general deductions for the years 1918, 1919, and 1920. 

• Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is 
taken, that the taxpayer's net income from sources without the United States bears to the entire net income. 
This credit does not apply to nonresident aliens nor to citizens deriving a large portion of their gross income 
from sources within a possession of the United States, but to such persons these taxes are allowable as a 
deduction from gross income, if imposed upon income from sources within the United States. For the 
years 1921 through 1931, the amount of income and profits taxes paid to foreign countries or United States 
possessions, in excess of that deducted as a tax credit, is permitted to be included in deductions against 
gross income. (See note 7.) 

« Tax for 1923 reduced 25 percent by credit or refund under section 1200 (a) of the Revenue Act of 1924. 
' For 1932 and subsequent years, the taxpayer may elect to credit the income and profits ta-\es paid to 
foreign countries or United States possessions (with certain limitations) against the income tax liability to 
the United States, or to include the entire amount of such taxes in deductions against gross income. (See 
sees. 131 and 23 (c) (2), Revenue Acts of 1932 and 1934.) 

« 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 not over 1 year. 
80 percent if capital asset was held over 1 year, but not over 2 years. 
60 percent if capital asset was held over 2 years, but not over 5 years. 
40 percent if capital asset was held over 5 years, but not over 10 years. 
30 percent if capital asset was held over 10 years. 



STATISTICS OF II^COME 
and tax credits, under the Revenue Acts of 1917 through 1934 



139 



Capital gains and losses 


Rev- 


Income 
year 


Definition 






enue 


of capital 


Tax on capital net gain 


Tax credit on capital net loss 


Act 


assets 






1921 


1922, 1923 « 


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 12J^ 
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 121^ 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^'^ 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, 
1927 


...do 


Same as 1924 Act 


Same as 1924 Act. 






1928 


1928, 1929, 
1930, 1931 


...do 


do 


Do. 


1932 
1934 


1932, 1933 
1934, 1935 


—do 

All prop- 


.. .do.. 


Do. 


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 


Deduclion for capital losses. 








business, 


after the percentages are ap- 








regard- 


plied, is limited to $2,000 after 








less of 


subtracting gains from such 








p e rio d 


sales (such deduction not to 








held.' 


exceed the final net loss from 
such sales after the percentages 
are applied). 





Credit on earned net income 



Rev- 
enue 
.\ct 


Income 
year 


Kind of 
credit 


Earned net income subject to tax 
for computation of credit 


Limit of credit 


1924 
1926 

1928 

1932 
1934 


1924 

1925, 1926, 
1927 

1928, 1929, 
1930, 1931 

1932, 1933 
1934, 1935 


Against 
tax. 

...do 

...do 


All net income up to $5,000 whether 
earned or not, and up to $10,000, 
if earned. 

All net income up to $5,000, 
whether earned or not, and up 
to $20,000, if earned. 

All net income up to $5,000, 
whether earned or not, and up to 
$30,000, if earned. 


25 percent of normal tax on 
earned net income. (Cannot 
exceed 25 percent of normal tax 
on ordinary net income.) 

25 percent of total tax on earned 
net income. (Cannot exceed 
the sum of 25 percent of normal 
tax on ordinary net incomo 
and 25 percent of surtax on 
earned net income.) 
Do. 


Against 
net in- 
come. 


All net income up to $3,000 whether 
earned or not, and up to $14,000, 
if earned. 


10 percent of the earned net in- 
come, but not in excess of 10 
percent of the entire net in- 
come. 



140 



STATISTICS OF INCOME 



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STATISTICS OF INCOME 



141 



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ent 
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ago 

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S£ ^ ® o 
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■a 
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y 11, 193 
for ever 

United S 
returns 

ax comp 


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bo 

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7S020— 38- 



-11 



142 



STATISTICS OF INCOME 



E. — Gift tax rates, total gift tax, specific exemption, exclusions and deductions under 
the Revenue Acts of 1924, 1932, and 1932 as amended by 1934 ^ 









Revenue Act 




1924 


1932 a 




932 J 


Net giiis 


As amended by 1926 




As amended by 1934 | 








In effect June 6, 1932, 










In effect June 2, 1924, 


through Dec. 31, 1934. 


In effect calendar year] 






through Dec. 31, 1925. 






1935. 




Equaling 


Rate 


Amount of 


Rate 


Amount of 


Rate 


Amount of 


Exceeding 


(percent) 


tax 


(percent) 


tax 


(percent) 


tax 




$10, 000 
20, 000 




$100 
200 




$75 
225 


W2 


$75 
225 


""$io,"ooo'" 


20.000 


30, 000 




300 


2H 


450 


m 


450 


30, 000 


40, 000 




400 


3 


7.50 


3 


750 


40, 000 


50, 000 




500 


ZU 


1,125 


334 


1.125 


50. 000 


70, 000 


2 


900 


5 


2. 125 


5M 


2,175 


70. 000 


ICO, 000 


2 


1.500 


5 


3,625 


63^ 


4,200 


100, 000 


150,000 


2 


2.500 


6H 


6,875 


9 


8,700 


150, 000 


200, 000 


3 


4.000 


d'A 


10, 125 


9 


13, 200 


200, 000 


250, 000 


3 


5,500 


8 


14, 125 


12 


19,200 


250, 000 


400, 000 


4 


11,500 


8 


26, 125 


12 


37, 200 


400, 000 


450, 000 


4 


13,500 


9J^ 


30, 875 


liVi 


44, 325 


450, 000 


600, 000 


6 


22, 500 


m 


45, 125 


1414 


65, 700 


600. 000 


750, 000 


6 


31. .500 


11 


61. 625 


IfiH 


90, 450 


750. 000 


800, 000 


8 


35, 500 


11 


67, 125 


16^ 


98, 700 


800, 000 


1, 000, 000 


8 


51. 500 


12J^ 


92, 125 


VM 


136, 200 


1, 000, 000 


1,500,000 


10 


101, 500 


14 


102, 125 


21 


241, 200 


1, 500, 000 


2, 000, 000 


12 


161,500 


15H 


239, 625 


23;^ 


357, 450 


2, 000, 000 


2, 500, 000 


14 


231. 500 


17 


324, 625 


251^ 


484, 950 


2, 500, 000 


3, 000, 000 


14 


301, 500 


18H 


417, 125 


273^ 


623, 700 


3, 000, 000 


3, 500. 000 


16 


381. 500 


20 


517. 125 


30 


773. 700 


3, 500, 000 


4. 000. 000 


16 


461. 500 


211^ 


624, 625 


mi 


934, 9"0 


4, 000, 000 


4, 600. 000 


IS 


551, 500 


23 


739, 625 


UH 


1,107,450 


4, 500. 000 


5, 000, 000 


IS ■ 


641. 500 


24V2 


862, 125 


36 


1, 287, 450 


5, 000, 000 


6, 000, 000 


20 


841, 500 


26 


1, 122, 125 


37}^ 


1, 662. 450 


6, 000. 000 


7. 000. 000 


20 


1,041,500 


27H 


1,397,125 


39 


2. 052. 450 


7, 000, 000 


8, 000, 000 


20 


1, 241, 500 


29 


1,687,125 


40}-^ 


2. 4,57, 450 


8, 000, 000 


9, 000. 000 


22 


1,461.500 


30H 


1.992,125 


42 


2, 877, 4,50 


9, 000, 000 


10.000,000 


22 


1,681,500 


32 


2, 312, 125 


43H 


3, 312, 450 


10, 000, 000 


20, 000, 000 


25 


4, 181, 500 


zm 


5, 662, 125 


45 


7,812.4.50 


20, 000, 000 


50, 000, 000 


25 


11,681,500 


ZV-A 


15, 712, 125 


45 


21,312,450 


50, 000, 000 




25 




sm 




45 












Revenue Act 




Specific exemption, exclusions, and de 


ductions 




1924 as amendec 


I by 1926.. 


Sp 

Gi 

Pr 


ecific exemption: 

Resident: $50,000 each calendar year. 

Nonresident: None, 
'ts to individuals not in excess of $500. 
eviously taxed property and charitable, etc., gifts. 






1932 and 1932 as 


amended 


Sp 


eoific exemption: 






by 1934. 




E.X 


Resident or citizen: $50,000 allowed but once; may 

over a period of years at option of donor. 
Nonresident alien: None. 
elusion of $5,000 for each donee (except future inter 


be taken a 
ests). 


1 in one year or 






Ch 


aritable, public, and similar gifts. 







» No gift tax in effect, Jan. 1, 1926, through June 5, 1932. Gift tax returns are required to be filed for the 
year ending Dec. 31. 

2 Tax for current year is the excess of tax computed on the aggregate sum of net gifts for such current year 
and preceding years over tax computed on aggregate sum of net gifts for preceding years. 



INCOME TAX FORMS 



143 



FACSIMILES OF INDIVIDUAL INCOME TAX RETURNS AND 
PARTNERSHIP RETURN OF INCOME FOR 1935 



Form 1040. Individual income tax return for net incomes from 
salaries or wages of more than $5,000, or incomes, regardless of 
amount, from business, profession, rents, or sale of property. 

Form 1040 A. Individual income tax return for net incomes of not 
more than $5,000 derived chiefly from salaries and wages. 

Form 1065. Partnership return of income. 

145 



146 



STATISTICS OF IlfCOME 



RETURN F 

TREASDRY DEPARTMENT 


ORM MARKED ••DUPLICATE" MUST BE FILED WITH THIS OREGINA 

INDIVIDUAL INCOME TAX RETURN 

FOR NET INCOMES FROM SAURiES OR WAGES OF MORE THAN $5,000 
AND INCOMES FEOM BUSINESS. PROFESSION. RENTS. OR SALE OF PROPERn 

For Calendar Year 193S 


L RETU 

Do^ 

Fik 
Co<l> .. 


RN 

ot Write in These Spaces 


(AtMlltor'a Sump) 






Nu.»b.r , 




Di.bi.l 




Fik nu lltnini NdI LiUi Tin Ik ISlli Dq i( Ibt Thii Mnib FoIl»ii]| Iht One tl Ac Taiabk Tex 




(C«>K1«'> Stamp) 




PRINT NAME AND ADDRESS PLAINLY BELOW 






(Name) <D(ith buibiod Md wife, it [hlj ts » Joint return) 






(Streoi nod Dumb«r, or rural route) 


s 






(Postomce) (County) (Stale) 





1. Salaries, Wages, Commissions, Fees, etc. 



Net profit (or Lose) from Business or Profession. (Trom 8cfa«du]« A) , 

Interest on Bank Deposits, Nolca, Corporation Bonds, etc. (except interest on tax-free c 

Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Source. 

Income (or Loss) from Partnerships, Syndicates, Pools, etc. (PuraUbnuie, addreu. uid kind ot business).. 

Income from Fiduciaries. (Fambb nuno ud addno) 

Rents and Royalties. (From Scbsdois Bj 

Capital Gain (or Loss). (From BchedoJo C) „ _ 

Taxable Intercut on Liberty Bonds, etc, (From SchediSe d. LIm (j;)> 

Dividends on Stock of: (a) Domestic Corporatiooa subject to taxation under Title I of 1934 Act.. 

(6) Domestic Corporations not subject to taxation undei Title 1 of 1934 Act 

(c) Foreign Corporations _ i 

(UMMpftrBtoscbedolD, tfnectasaiT) »._.._... _ „ „— 



, Other Income. <Stot« 
Total Income 



IN )t 



• 11.. 



DEDUCTIONS 



■ Interest Paid. (Kipiftin in 8cb«da]e T) „.., 

. Taxes Paid. (Eiplalnlo ecbedolc p),„ 

. Losses by Fire, Storm, etc. rEipi&inlDtabloBtrcwtofroc«n 

. Bad Debts (including bonds determined to be worthless dui 
. Contributions. rKipUloln ftfN-tnl»F) 



n^ taxable year). (Erpliln 



Total Deductions in Items 13 to 18 

Net Income (Item 12 minus Item 19).„ 









COMPUTATION OF TAX 


(See Instroctioc 23) 












21. 


Net iBcome (It«m 20 above) 


$_.. 








29 
30. 
3i. 
32. 

33. 

34. 










22. 


I*8a: PersoD&l exemption 

CretJit for Dcpeo(]eQt« 
(BrplalQ Ja Bcbi^dnle P).. 












Surtax on Item 24. (See Instruction 
Total tax (Item 2S plus Item 30) 


23) _ 








23. 




$. 






24. 


Bolanee {Surtax net Intiome) 

Leae: Interest on Liberty bon(]6, 
etc. (Ilctn 9)._._ 




$_.- 








Less: Income tax paid at source (2% 
of Item 45. 

Income tax paid to a forei^ 


















S 






26. 






Balance of Tax. (Item 31 minus Items 33 and 33}.... 


S 






27. 


Earncii Income credit. 
(See Iniitnjction 22).. . 








ts_ 


Balance Bubject to normal tax 




$.... 

















1/we swear (or affirm) tliat this r 
knowledge and belief is a true, correc 
lations is-sued thereunder. 

Sworn to and eubacribed by .„. 

B this 



AFFIDAVIT (See Instruction 27) 

1 (including its accompanying schedules and statements, if any) has been examined by me/us, and to the best of nay/our 
d complete return, made in good faith, for the taxable year stated, pursuant to the Revenue Act of 1934 and the Regu- 



193 



A RETURN MADS BT AN AGENT MUST BE ACCOMPANIED BT POWER OF AHORNET (Sec ladr. 27> 



(or affirm) that 1/wo prepared this 

, and compiete statement of'aU the infonnati 
tvc have any knowledge, 
uo tbifl . day of 



statement.'^, if any) 
return hns been prepared of wbich 1/ 
Sworn to and tubscribed before i 



AFnDAVlT (See Instruction 27) 

person or persons named herein and that the return (including its accompanying schedules and 
^spccting the income tax liability of the person or persons for whom this 



STATISTICS OF INCOME 



147 



SCHEDULE A— PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION (See Inatruction 2) 



1. T«tal Tcoeipta from busiseu or profet 

Cost or Goodb Sold 

2. lAbor 

3. Material &nd eruppllca „ 

4. Merchandise bought for Bale ^ 

6. Othercosts(iteiiiuebeIoworoD8Cp&rat«Gheet). 

6. Plus inventory at beginning of year „.. 

7. ToTAi- (Linoa 2 to 6) 

8. Leas Inventory at end of year 

9. NsT Cost or Goodb Sold (Lino 7 minus Line 6). 



I (state kind of budinesa).. 



Otecr Business Deductions 

10. SaJariea doL included as "Labor" in Line 2 (do 

not deduct oompeusation for your eervices).. 

11. Interest on business indebtedness to others 

12. Taxes on bueiuess find business property 

13. Loaeea (explain in table at foot of page) 



in table provided at foot of page). 

16. Rent, repsiro, aDd other eitpensea (iteoiiie be- 

low or OQ eeparate sheet) '. 

17. ToTiL (Linca 10 to 16) 

18. Total Dsocctions (Line 9 plus Line 17) 

19. Nbt PRorrr (or Lose) (Line 1 minus Line 18) (Enter aa Item 2>, 



SCHEDUT.E B— INCOME FROM RENTS AND ROYALTIES (See Instruction 7) 










Ekuvto 


i^y'^fii^Bk 


(BtplaLi lo lab'lo al 
loot ot page) 


.„„^ 


'Sss/^'cvr 


(LuT^lt^T) 




$ . . .. 












, 1 







































_._ 1 







Ezpl&nAtioD of deduction* 
claimM In Column 6 





SCHEDULE O-CAPITAL CAINS AND LOSSES < 


^rora Sales or 


Exchanges Onlr) (See Tiutnictton S) 






FKaloo Hgu> 


AC^tTIXBD 


BXCHAKOtD 


i. OaoMSALtaPniei 
(Ccotract ptica) 


THAT D*T». ODdl- 
au bASlS)" 


=1 


7. DCrEEOATTON 

(Funfsb d'euib) 




rS 


'°-°'"""""— """" 




COO«I 


8. OlJO. 


b. Lcua 


•(•) lT«vorl«M: 


Mo. Daj Ytar 




J 


$ 


% 


( 

s.._ 


$_ 


100 
80 


$ 


S 


•m Ora^l^ya, tat not 















•W OwJI^yn.™ bul not 

•i«"o™ii^"bitnit' 
ovs 10 ;«in: 




60 
40 






•(.)0to10j««i; 
















30 






(/) Total GiD.-9 tm Losacs (JiiUr net amoimt as Item 8) (CapiUl loasee are allowable only to tie eitect of $2,000 pins capital 


gains).. 


$ .. 


$ 



Ktvt <•!• or sidunge ot nock al 






1, clan of stock, oombv < 



p«rlwli, &iid tTBiuCtf guaa and louea (cr ftioh [lerlod U> Coltnon 10 above. 
I ^ Penonel oTbaiSnisa r^tlocshlp, U uiy^of parchMr .. 



ii chmgea eCMtlcs b 



SCHEDULE D— INTEREST ON LIBERTY BONDS AND OTHER OBUCATIONS OR SECURITIES (See Inrtruction 


w 




1. Okuoatioks OB 6>ct;Hma 


\.*s^^.'^;s?' 


DOJUWO TM Yk*A 


En.FT raoM 


"ElHsfoS' 


"'oMl^^ 


(o) Obligations of a State, Territory, or politic&l sjbdiviaioti (hcreol, 












XXXX X X 

$ 


XX 


i. 




ih) Obligatlonfl isoued under Federal Farm Loan Act, or under euch 










All 

All , . 

AIL 

$5,000 

None 




(e) Liberty 3W% Boode and other obligationa of United States iaaued 

on or before September 1, 1917 

(d) Treasury Notes, Treasury BiUs, and Treasury Certificates of 




._.. 




..... 


X X 


(e) Liberty 4% and i%% Eonds: U. S. Savings Bonds; Treasury Bonds. 
if) ObUgations of instrumentalities of the United Sutes (other than 




-- 









(g) Total (enter total of column 6 as Item 9) _ _ — - - 


s 






SCHEDULE E— INCOME FROM DIVIDENDS 



Itemixe sU dividends received during the year, stating amounts and i 



9 and addresses of corporations declaring the dividends: 



SCHEDULE P— EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS I. 13, 14. 16. 17. AND 18, AND CREDIT CLAIMED IN ITEM 23 





EXPLANATION OP DEDUCTION FOR DEPREOATION CLAIMED IN SCHEDULES A AND B 






(U buUdlnp. «•!• m«l«rial 
of wUch oonstnicted) 


Z DATS 


3. CostobMabtsI. 1913. 
(Itidiota bails) 


"^B^B" 


ABtX) n PSIOB YXAU 


Hii'^ls^ 


D^fr 


'Wii 


9. Depreciation 


















$_ _ 








s _ 



























































EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE. STORM. ETC.. CLAIMED IN SCHEDULE A AND IN ITEM IS 




1. Knm or PaopEBTT 


.n.„A«™b 


rc^ 


4. BrBaKQCEBT 


hSS'iS'S. 


•■8ir:^ET..r 


7. DxcncTiBLi Loss 










, 









s 




$_ , ., 


























I 


















._.. 



148 



STATISTICS OF INCOME 



INSTRUCTIONS 

The Instructions Numbered 1 (o 20 Correspond with the Item Numbers on the First Pa^e or the Return 



credited by or received from outside sources. Vee a Gepurate lix 
giving the ir.formation requested. 

Aoy amount claimed as a deduction for necessary expenses against salaries, 
etc., such as traveling expenses, while away from home m the pursuit of a tradi? 
or business, should be fulJy explained in Schedule F on page 2 of the return, or 
OB an attached Btatement. Traveling expenses ordinarily include expenditures 
for ratJroad fares, meab, and lodging. 

2. PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION 

If you owned a busJQesa, or practiced a profession on your own account, fil' 
in Schedule A on pare 2 of the return, and enter the net profit (or loss) at 
Item 2 on page 1 of the return. 

This schedule should include income from: (a) Sale of merchandise or prod- 
ucts of manufacturing, mining, construction, and agriculture; (i>) Busincifs 
Bervice, euch as hotel, restaurant, and garage service, emueements, laundering, 
storage, transportation, etc.; and (c) Professional service, euch as dentistry, law, 
or medicine. In general, report any income in the earning of which you incurred 
expenses for material, labor, supplies, etc. 

Farmer's income schedole. — If you are a farmer and keep no bocks of account, 
or keep books on a cash basis, obtain from the CoUector, and attach ^o this 
return, Form 1040F, Schedule of Farm Income and Expenses, end enter the not 
farm income as Item 2 on page 1 of this return. If your farm books of account 
are kept on an accrual basts, the Sling of Form I040F is optional. 

Installment sales. — If the ir-staJImcnt method is used, nttach to the return a 
Bchedulc- showing separately for the years 1932, 1933, J934. and 1935 the follow- 
ing: (a) Cross sales; (b) Cost of goods sold; (c) Gross profits; (</} Percentage of 
profits to gross sales; U) Amount collected; and (J) Groes profit on amount 
collected. See St'ction 44 of the Revenue Act of 1934. 

Kind of baskiess. — Describe the business or profession in the space provided 
in Item 2, page 1, as "groceiy," "retail clothing," "drug store," "laundry," 
"doctor," "lawyer," " farmer," etc. 

Total receipts. — Enter on Line 1 of Schedule A the total receipts, less any 
discounts or aHo^v-ances from the sale price or service charge. 

Inventories. — If engaged in a trade or business in which the production, pur- 
chase, or sale of merchandise is an income-producing factor, inventories of mer- 
chandise on hand should be taken at the beginning and end of the taxable year, 
wbif-h may be valued at cost, or cost or market, whichever is lower. 

Saluries. — Enter on Line 10 all salaries not included as "Labor" on Line 2. 
except compensation for services of yourself, your dependent minor children, or 
of husband or -Kile if a joint return is filed, which is not deductible. 

Interest. — Enter on Line 11 interest on business indebtedness. Do not 
include interest to yourself on capital invested in or advanced to the business. 

Taxes. — Enter on Line 12 taxes on business property or for carrying on busi- 
ness. Do not include taxes assessed against local benefits of a kind tending to 
increase the value of the property asse^ed, nor Federal income taxes, nor estate, 
inherit.incc, legacy, succession, and gift ta.xes. 

Losses. — Enter on Line 13 losses incurred in the trade or business, if not com- 
pensated for by insurance or otherwise and not made good by repairs claimed as 
a deduction. Losses of business property arising from fire, storm, etc., should 
be explained in_the table at the foot of page 2 of the return. 



r portions thereof, arising from sales o 



Bad (lebls.— Enter on Line 14 debts, 
services that have been reflected io in 
tained to be worthless and charged < 
amount as has been added to a reserve for bad debts within the year. 

A debt previously charged off as bad, if subsequently collected, mu: 
turned as income for the year in which collected. 

Depreciation. — Enter on Line 15 the amount claimed as depreciation h 
of exhaustion, wear and tear of property used in the trade or busine 

alescence or dec* *" ' ' 

this 

life is less than the actual life. 

The amount of depreciation on property acquired by purchase should be 
determined upon the basis of the original cost (not replacement cost) of the 
property and the probable number of years remaining of its expected useful life, 
except ir the property was purchased prior to March 1, 1913, it will be computed 
on the fair market value of such property as of that date or its original cost (less 
depreciation actually sustained before that date), whichever is greater. If the 
property was acquired in any other manner than by purchase, see Sections 23 
a),23 (n),and 114 of the Revenue Act of 1934. 

In case a deduction is claimed on account of depletion of mines, oil or gas wells, 
or timber, see Sections 23 (m), 23 (nl, and 114 of the Revenue Act of 1934. 

Do not claim any deduction for depreciation in the valueof abuildinsoccuoied 
by you as a dwelling, or property held for persona! use, 
of improvements thereon), nor on stocks, bonds, and sec 

Rent, repairs, and other expenses. — Enter on Line 16 rent on business property 
ID which you have no equity, ordinary repairs to keep the property in a usable 
condition, and other necessary business expenses not classified above, such as 
heat, light, and fire insurance. Do not include rent for a dwelling occupied by 
you for residential purposes, the cost of business equipment or furniture, expendi- 
tures for replacements or permanent improvements to property, nor personal, 
living, or family expenses. 

3. INTEREST ON BANK DEPOSITS. ETC. 

Enter as Item 3 all interest received or credited to your ace 
taxable year on bank deposits, notes, mortgages, and corporatic 



' for land (excluj 



Ent 



which a tax was paid _ . _ . 

dcred income when due and payable. 

4. INTEREST ON TAX-FREE COVENANT BONDS 
4 bond interest upon which a tax was paid at 
Item 4) may be " 



tnt during the 
bonds, except 
;re8t on bonds 






. Such 

t of the interest entered in Item 4) may be claimed as a credit 
2 of the 

5 AND 6. INCOME FROM PARTNERSHIPS. SYNDICATES, POOLS, ETC.. 
AND FIDUCIARIES 
Enter as Item 5 your share of the profits (whether 
losses) of a partnership, syndicate, pool, 



r trust, except that the share of (a) ta.\able int 
United States, etc., shall be included io Schedule D, i 
sisted of dividends on stock of domestic corporatic 



i or not) (or of the 
a obligations of the 



.rrctu; 
with the annual - . - - 

should include in your return your distributive share of the net profits (or losses) 
for euch accounting period ending within your taxable year. 

7. INCOME FROM RENTS AND ROYALTIES 
Fill in Schedule B, giving the information requested. 
If you received property or crops in lieu of cash rent, report the 
though the rent had been received in cash. Crops received as rent ■ 
share basis should be reported as income for the year in which disposed of (unleis 









, fuel, light, labor, and 



1 the a 
sustained during the taxable > 

Other expenses, such as int . , , , 

other necessary expenses of this character should be itemized! 
8. CAPITAL CAINS AND LOSSES 

Report sales or exchanges of capital assets in Schedule C and enter the net 
amount of gain or loss to be taken into account in computing net income as 

Item 8. (CAPITAL LOSSES ARE ALLOWABLE " 

TENT OP $2,000 PLUS CAPITAL GAINS.) Descri 

and Btat« the price received or the fair market value of the property 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 was acquired prior to March 1, 1913. the 
basis for determining GAIN is the cost or the fair market value as of March ! , 
1913, adjusted as provided in Section 1 13 fb) of the Revenue Act of 1934. which- 
ever is greater, but in determining LOSS the basia is cost bo adjusted. (See 
Section 113 of the Revenue Act of 1934 ) If the amount shown as cost is other 
than actual cash cost of the property sold or exchang^, full detsiils must be 
(uHiishcd regarding the acquisition of the property. »-is»m 



Enter as depreciation the amount of exhaustio 
or depletion which has been allowed (but not U 
in respect of euch property since date of acquiaii 



, wear and tear, obsolescenee, 

) than the amount allowable) 

)n, or since Mareh 1, 1913. if 

• property i 

:tually sustained before that date. 

Subsequent improvements include expenditures for additions, improvements, 
and repairs made to restore the property or prolong its useful life. Do not 
deduct ordinary repairs, interest, or taxes in computing gain or loss. 

No loss shall be recognized in any sale or other disposition of shares of stock 
or securities where you have acquired substantially identical ptock or securities 
within 30 days before or after the date of such sale or disposition, unless you are 
?n?aged in the trade or busine-ss of buying and selling stocks and securities. 

No deduction shall be allowed in respect of losses from sales or exchanges of 
property, directly or indirectly, (A) between members of a family, or (B) except 
in the case of distributions in liquidation, between an individual and a corpora- 
tion in which such individual owns, directly or indirectly, more than 60 per 
centum in value of the outstanding stock. For the purpose of this paragraph — 
(C) an "ndividual shall be considered as owning the stock owned, directly or 
indirectly, by his family- and (D) the family of an individual shall include only 
his brothers and sisters (whether by the whole or half blood), spouse, ancestors, 
and lineal descendants. 

The provisions of the Revenue Act of 1934 relating to capital gains a'Vid 



-In thfl c 






otha- 1! 









U'L'C-iK 



letermliilDe Um period fi 



3 c&liu or loraea bma sb1« or si 






chaoEOSoteaplLal a; 



Notwithstanding thj provisions of Section 117 (a) above, 100 percent of ths 
gain resulting to the (Tistributee from distributions in liquidation of a corpora- 
tion shall be taken into account in computing net income. (See Section 115 (e) 
of the Revenue Act of 1934.) 

Section 117 applies only to gains and losses npon the sale or exchange of 
capital assets and, therefore, has no application ts loss of usefnl vaJne open 
the permanent abandonment of the use of properly or loss sa.'^tained as the 
result of corporale stock or debts becoming worthless. 

In the application of Section 117 a husband e 
k joint relarn or separate returns are made, 



pajers. Accordingly, the lir 



epou 



?frorr 



r Section 117 (d> on the alio 
■5 or exchanges of capital assets is in all cases to 
1 gains and losses of the other sponse upon sales 



be compnted without regard t 
or exchanges of capital assets 

9. INTEREST ON LIBERTY BONDS. ETC. 

Schedule D should be filled in if you own any of the obligations or securities 
enumerated in Column 1. Enter in Column 2 the principal amounts of the 
various obligations owned at the end of the year and enter in Column 3 all 
interest received or credited to your account during the year on these obliga- 
tions, including your share of euch interest received from a partnership, or an 

Interest on all coupons falling due within the taxable year will be considered 
as income for t^e year, where the books are kept on a cash receipts ^nd disburse- 
ments basis. If the books ere kept on an accrual basis, report the actual amount 
of interest accrued on the obligations owned during the taxable year. 

If the obligations enumerated on line (c) are owned in excess of the exemption 
of $5,000, or any on Lino (/) are owned in any amount. Columns 5 and 6 should 
be filled in, and the total of the interest reported on Line ig) should be entered 
as Item 9 on page 1 of the return. 

(See also Instruction 24, paragraph (<T).) 

10. DIVIDENDS 

Enter as Item 10 (a) dividends from a domestic corporation which is subject 
to taxation under Title I of the Revenue Act of 1934 (other than a corporation 
entitled to the benefits of Section 251 of the Revenue Act of 1934 and other 
than a corporation organized under the China Trade Act, 1922), including your 



share of s 

or trust. Enter 

not subject to t 



nder Title I of the Rove 



Act of 1934 (such as a 
building and loan association, etc). Enter as Item 10 fc) 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. 



Enter as Item It all uthei 



} space is provided c 



12, TOTAL INCOME 

Enter as Item 12 the net amount of Items 1 to 11, inclusive, after deducting 
any expenses reported in Item 1, and losses in Items 2, 5, 7, and S. 

13. INTEREST PAID 

Enter as Item 13 interest paid on i>ersonal 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 (other than obligations of the United States iaaueo after Septemt>er 
24, 1917. and originally subscribed for by the taxpayer) the mterest upon which 
is wholly exempt from taxation. 

14. TAXES PAID 
Item 14 personal taxes and taxes paid on property not used in your 



Enter 
business or profi 
kind tending to 



not including those assessed against local benefits of t 
ie 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 vrithout reimbursement from you, nor income taxes 
claimed as a credit in Item 33. No deduction is allowable for any portion of 
foreign income and profits taxes if a credit is claimed in Item 33. 

Any deduction on account of taxes should fc>e e.Tpiained in Schedule F. 

15. LOSSES BY FIRE. STORM. ETC. 

Enter as Item 15 losses of property not connected with your busineai or pro- 

fesaion, sustained during the year if arising from fire, storm, shipwreck, or other 

casualty, or from theft, and if not compensated for by insurance or otherwise. 

See Section 23 (e) of the Revenue Act of 1934. 

Explain loaaea claimed in the table provided on page 2 of the retura. 



STATISTICS OF INCOME 



149 



IC BAD DEBTS 

EDt«r as Item Id ftU bad debts other thaa those olaimed aa a deduotlon in 
ScheduJe A. State in Schedule F, {a) of fchat the debts coruiwt«d, (b) when tbey 
wcro created, (c) when they became due, (</) what effortfl were made to ooUect. 
ftod (e) bow tbey were actually detenuiQed to be worthleas. 

17. CONTEIBDTIONS 

Enter as Item 17 conbnbutiona or gifta mode within the taxable year to any 
corporation, or truat, or community cbeet, fund; or foundatioo, organized and 
operated exclusively for religious, cu^ritable, Bcieatiflc, literary, or educational 
purposes^ or for the prevention of cruelty to children or amju&la, no part of the 
net eammgs of which inurea to the bene5t of any private aharebolder or indi- 
vidual, and no substantial part of the activities of which is carryiog on propa- 
ganda, or otherwise attempting, to inSuence legislation. Tho amount claimed 
shall not exceed 15 percent of your net income coir-put«d without the benefit of 
this dcduciion. A fiduciary filiog the return for an e*tat« may claim, in Ueu of 
this deduction, that provided in Section 162 of the Keveoue Act of 1034. U^t 
organizationfl and amounts contributed to each in Schedule P. 

18. OTHER DEDUCTIONS 

Enter as Item 18 any other authorized deductions for which no space is 
provided on the return. Do not deduct losses incurred in transactions which 
were neither connected with your trade or busioeas nor entered into for pro6t. 
If the rrtum \a filed for an estate in process of admin irtration, there shoidd be 
deducted tho amount of any income i>aid or credited to a beneficiary. Any 
deduction claimed should l)e explained in Schedule F. 

No deduction 13 allowable for tho amount of any item or part thereof allocable 
to a claas of exempt incomo, other than interest. Items directly attritutable to 
such exempt income shall be allocated thereto, and itema directly attributable 
to any class of taxable income shall bo allooatt^d to such taxable inoome. A 
taxpayer receiving any exempt income, other than interest., or holding any 
property or engaging in any activity the income from which is exempt shall 
submit with his return aa a port thereof an itemised statement, in detail, showing 
(1) the amount of each class of exempt income, and (2) the amount of items 
allocated to each such clo^ (th« amount allocated by apportioomeDt being 
shown si^parately) . 

19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18 
Enter as Item 19 the total of Items 13 to 18, inclusive. This amount ahould 
not include any deduction claimed in Schedulo A or B. 

20. NET INCOME 

Enter as Item 20 the net income, which is obtained by deducting Item 19 
from Item 12. The net income shall be computed upon the baeia of the taxable 
year in accordance with the method of accounting regularly employed in keeping 
your books, unless such method does not clearly reflect your income. 

21. PERSONS REQUIRED TO MAKE A RETURN OP INCOME 

An income tax return must be filed by every citizen of the United States 

whether residing at home or abroad, and every person residing in the United 

States though not a citizen thereof, whose gross income for tho taxable year 

amounted to $5,000, or whoae n ' ' ' ' ' 

(a) $l,000if single or if nu 

ib) $2,500 if married and living with husband' 

(e) More than the personal exemption if status of taxpayer changed. 
If an individual is einsle and the net income, including that of dependent 
minors, if any, is $1,000 or over, or if the gross income is $5,000 or over, e return 
must be filed. If the combined net income of husband and wifsj and dependent 
minor children, if any, is J2,500 or over, or if tht-ir combined gross income is 
$5,000 or over, all such income mu.st b« reported on a joint rttum, or on etparate 
the husband and wife ele.-ii to file separate 



?r, each shall make i 



retumaofl:usband and wife. In 

returns and their combined net income is $5,000 t 

return on Form 1040. 

If the net iroome of a decedent to the date of 'lia death was $1,000 or over, 
s of the credit allowed him by Section 25 (b) (1) and (3) 



$5,000 or over, the executor or administrator shall make a return for 
him on Form 1040 or 1040A. 

Income of (c) estates of decedents before final settlement, (b) trusts, whether 
created by will or deed, for unascertained persona or persons with contingent 
intertsta; or income held under the terms of the will or truat for future distribu- 
tion, in taxed to the fiduciary ca a single person, except that from tho income of 
a decedent's estate there ebould be deducted any amount properly paid or 
credited to a beneficiary, 

22. EAR?iED INCOME CREDIT, PERSONAL EIEMPTTON. AND CREDIT 
FOR DEPENDENTS 

Por ihB rurpose of thn Dormal tax, but not (of tbs snrtM ihpn) may he ekImBd a cndit Bfalnst not 



bi wMid«i-«<rM sSx^*! 



r InoBpoblo or M??jup^ 



23. COMPUTATION OP TAl 

Surtax. — The surtax on any amount of surtax net income not shown in the 
table below is computed by adding to the surtax for the largest amount shown 
which is less than the income, the surtax upon the excess over that amount at 
tho rate indicated in the table. 







DKTAX 


RATES 








s; 


ToLi] 


— 


pw- 


^ 


* 


» 





A 


B 









1 l«nm.„ iKim 


30 

39 


ID. 500 




• 


i 


























21.000 
























i 
















S™ 




7»,ociowi.oo),tno 








^ 





Income from ■ partnership or Sdndary hartng a different taxable year.~If 

tho taxable year of a beneficiary is different from that of the eetato or trust, 
the part of the estate or trust income to be included in computing his net income 
shall be based upon the net income of the estate or truat for any taxable year of 
the estate or trust ending within his taxable year. 

If the taxable year of a partner is different from that of the partnership, the 
distributive share of the net income of the partnership to bo included in com- 
puting the net income of the partner for his taxable year shall bo based upon the 
net income of the partnorslUp for any taxable year of the partnership ending 
within the taxable year of the partner. 

Income lax paid (o m foreign eoontry or U. S. poflMsaioa. — If, In accordance 
with Section 131 (al of the Revenue Act of 1934, a credit is claimed in Item 33 
for income tax paid to a foreign country or a possession of the Unit«l States, 
submit Form 11 16 with your return with the receipts for such payments. In 
case credit is sought for taxes accrued, the form must have attached to it a 
certified copy of the return on which the tax was based, and the Commissioner 
may require a bond on Form 1117 for the payment of any tax found due if 
tho tax when paid differs from tho credit claimed. 

24. ITEMS EXEMPT FROM TAX 

The following items are exempt from Federal income tax, except where 
otherwise indierited, and ehould not be included in gross income: 



r^txi 



such tmt), ODtil ibe aK^e^Bb) unouni eicluded bom gtosa \acoxa« taaaia tb* BC2I^&1« premiums or 
coosldoratloD pnli lor mcb ADoaliy. In lbs aso ot a tr&ruror Tor a valuable coosldereilon, br uElgmnen: 

value ot 5Ucb consl'letatlon and (be amount ot tbe premlumi and olbor soma subwoutaUy paid by tbe 
troa5(«ree sh&ll be eiemp'. Irom tautli:>a under pangropb (a) above or tiiia pareerapb; 

(c) Oifu loct made es a coaald&rBtlua for eervlce rendered) uid mona; aud property acquired by 
bequtstj devise, or Icboritfiucn (but tbe Income derived trom sucb property Is uuble asd must be 

(<0 luuml upon (1) Ibe obllntlons ot a SUte. Territory, or any poUtlcal subdlvisloa tboraof. or tbe 

Ow36re' L<MD Corporation bocda, etc. TliglniorMloa 4 percent and* M percent Llberly Bands, Untied 
8u(«a Savlcxs Dondu, and Treuury bonds, coed la etcxa ot tS.OCD. and on obll^tloE 



United 6uias (other (ban obileailoas Issued 


under F 


e^eral Farm Loan Actor undof jucb 
































t*l Talue ol a dweOlni bou» and ippurtenan 


«sthere< 


f tumbbed to a minister of ibe gospel 


aiai iDD paid by a State or political suMI vision 


thweot 


to 'ta omoara or employees for serrlcfla 












m'ro^eKrm^jni'h^'dwIng me?^Iw 


'^""" 








I cbsreoiifaU eealiial tbe amount SO 



decedent, shall include all items of income and de<luctions accrued up to the date 
of death regardless of the fact that the decedent may have kept his books on 
a cash basis. 

2fi. PERIOD TO BE COVERED B¥ RETURN 

The return must be filed on this form for the calendar year 1935 or for a fiscal 
year beg<in in 1935 and ended in 193'3- 

The accounting period eatabliahed must be adhered to for subsequent years, 
unless permiPHioQ la received from the Commissioner to make a change. An 
appLciition for a change in the accounting period shall be made on Form 1128 
and forwarded to the collector prior to the expiration of 30 days from tie dose 
of tho proposed taxable year. 

27. AFFIDAVITS 

Taxpayer or agent — ^The affidavit must be executed by the person whoso 
income is reported or by his legal repreeentative or agent. The return may be 
made by an agent (1) if, by reason of illness, tbe person liable for the making 
of the return !S unable to make it, or (2) if the taxpayer is unable to make the 
by reason of continuous absence from the United States for a period of a'" 



on Form 935, or, in the case of husband and wife, on Form 936 (copies of 
which may be obtnined from tho collector of intemnj revenue). 

Jolat return. — The joint return of husband and wife must be signed by both 
spousea and sworn to by the spouse preparing — filling in — the return. If tho 
return is prepared by both spouses, or is prepared by neither spouse, then both 
spouses vaxiat swear to the return, except where one spouse acta for the other 
spouse under a power of attomev submitted on Form 936. 

Where return ia prepared by someone other thao taxpayer. — Question 12 on 
page 1 of the return should be answered fully, and where the return is actually 
prepared by some person or persons, other than the taxpayer, such person or 
persona must execute the affidavit at the foot of page 1 of the return. 

The oath will be administered without charge by any collector, deputy collec- 
tor, or internal revenue agent. If an internal revenue o&cer is not available, the 
return should be sworn to before a notary public, justice of the peace, or other 
person authorized to administer oaths, except an attorney or agent employed to 
represent the taxpayer before the Department in connection with hia tax liability. 
28. WHEN AND WHERE THE RETURN MUST BE ITLED 

The return musk be sent to the collector of internal revenue for the district in ■ 
which you hve or have your principal place of business, so as to reach the col- 
lector's office ca or before the fifteenth day of tho third month following the 
close of your taxable year. In case you have no legal residei 



place of 
1 should be forwarded to the Collector 
, Maryland. 
29. WHEN AND TO WHOM THE TAX MUST BE PAID 

The tax should be paid, if poeaible, by eending or bringing with the return l 
;heck or money order dr ' '" - . ^ .. - - ■ ■ - 

insert city and State)." 
at the CoUector's office. 

Tbe tax may be paid when the return is filed, or in four equal installmenta, 
follows; The first installment shall be paid on or before the fifteenth day of 



unpaid shall be paid upon notice and demand by the collector. 

30. PENALTIES 

Por willfnJ fallnre to make and file a return on lime.— Not more than $10,000 

or imprisonment for not more thao 1 year, or both, together with the costs of 

prosecution, and, in addition. 5 percent to 25 percent of the amount of the tax. 

For wiHfttlly making a false or fraudulent return.— Not more than $10,000 or 

iippriBonmeafc for not more than 5 years, or both, together with the costs of 

prosecution. 

For deficiency in tax. — 5 percent of the amount of the deficiency if due to 

neghgence or inteotional disregard of rules and regulations without intent to 

deirsud, or 50 percent of amount of the deficiency 3 due to fraud. 

31. INFORMATION AT SOURCE 

Everyperson makingpayments of salaries, wages, interest, rents, commissions. 



150 



STATISTICS OF INCOME 



RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN 



FormlHOA 

TREAStRY DEPARTMENT 


INDIVIDUAL INCOME TAX RETURN 

FOR NET INCOMES OF NOT MORE THAN $5,000 

DERIVED CHIEFLY FROM SALARIES AND WAGES 


Do not vrite in this space 


Ub><ltQ>'« •ump) 


K.mW „ 








For Calendar Yesu- 1935 


Aaool 




To b* filMl witli th* CAll*ctor of lnt>ni*l R«*«f)u« for yoor fiutrict on or beror* M*rch IS. 1M« 


(CmUot's atamp) 




PRICfT NAME A.ND ADDRESS PIJUNLY BELOW 






(NuM) (Botb biMb^k^^*.u'uiaU«iomtr«nnJ 






<3u«M ftsd Biunbor. a* nu*l rouUJ 






IPort oBo^ (Couur) (8t«u} 






OCXrUPATlON _ _ 


Cuh Cluok M.O. 



L An yoQ a ciUieo or redileaC 



bond or vjfe diiricg yoor tax-ible year?.. 



X Was a separslQ retam filed by 

husband or wUe?.. 

4. If not married, wen joa the bead of a 
family daring your taxable year? 



5. How many dependents (except husband or wife) received 
ibcir chief support from you darmg your taxable year? — 

0. Stato date and nature of any cbange 

under ciuestioos 2, 4, or 5 during the year 



'^ INCONfE 

1. Sal&ries, wages, coQunissions, fees, etc. (State from whom receiT©d)_„ 



2. Interest oq bank deposits, notes, mortgages, and corporation bonds 

3. Interest on bonds upon which a tax of 2% was paid at source 

4. Other iaoome (including income from fiduciaries, partnerships, etc.) (State sooroe): 



5. Total nfcosiE ix items I to 4 

DEDUCTIONS 

6. Taxes paid 

(State nature and i 

7. Contributions 

(Furnish narwa of cr^anizatioos and 

8. Other deductions authorized by law. (Furnish deiaib) 



contrlbQted to tetk) 



9. 



Total dedcctions in items 6 to 



COMPUTATION OF TAX 

10. Not income for normal tax purposes (item 5 minu3 item C) 

11. Less: Earned income credit 

12. Personal exemption„ 



Credit for dependents. (Explain on rererse sldc)_. 



14. Balance taxable at i% (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, (.vttscb Fonn Ui6)_ 
IS. Balascc or TAX (item 15 minus items IG and I7> 



AFFIDAVIT 

I/we swear (or ai5rm) that this return has been examined by mc/us, and, to the best of my/our knowledge and belief, is 
a true and complete return for the tai£l>ie year as elated, pursuant to the Revenue Act of 1934 and regiilations issued under 
authority thereof. 

Sworn to and subscribed by 

before mc this _ day of ._ , 1936. 



(Stcnatara) (See lostnxtioDS) 



Sm taatneuooa, (Slc&aUff« a&d Utie of officer admlsistvlef c«tb) 



NOTE.— If y* dvtr« ! 



STATISTICS OF INCOME 



151 



EXPLANATION 


OF CREDIT FOR DEPENDENTS CLAIMED IN ITEM 13 


I. Naue of Dependent 


2. ReLATIONgOTP 


3. INDICATE WDETaEE 
UNDEElSYEiESOrAOI 


4. Reason ro« Scpeort ir Noi Usota 13 

YXAB3 or AGE 



























INTEREST ON GOVERNMENT OBLIGATIONS. ETC. 



0BUCATI0N3 AXD SECURITIES 


AMOUNT Owned 

ATENOOrYEAa 


RECErv 

OR Afcn 

During TUE 


vlim 


(a) Obligations of a .State, Territory, or politicnl subdivision thereof, or the District of 
Columbia, or possessions of the United States 


$ 




S 




(6) Obligations of instrumentalities of the United States (such as obligations issued under 
Federal Farm Loan Act, as amended. Home Owners' Loan Act, etc.) 










(c) Obligations of the United States 











DIVIDENDS FROM DOMESTIC CORI^ORATIONS 



State the amount of dividends received from donriestic corporations which arc 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.. 



INSTRUCTIONS 



UABIUTT FOR FIUNG RETURN 



An income tax feturo must b« Hied by every citizen of the United Slates 
'Whether residing at home or abroad, and every person residiog io the Umled 
Btatoa, though not a citizen thereof, haviog a gross income for tlie calendar year 
net income tor the same period of (a) $1,000 or over, 
not hving with husband or wifo, or (b) $2,500 or over. 
B than the personal e 



bined net income of husband i 
children, if any. Is S2.5U0 or over, or if i 
over, either earh must make a return, 
In a single Joint return. 



r combined gross Income is $5,000 or 
■ ihe income of each mtist be included 



ITEMS EXEMPT PROM TAX 



(a) Amounts received under a 
death of the msured. 
(6) Amounts received {other than by 



contract paid by reason of the 
3 of the death of the Ensured) under 



or endowment contract shall be included in gross 
be excluded from gross income the excess of the & 
year ovor an amount equal to 3 percent of the aggregate proi 



3pt that there shall 



bccjucst, devise, or Inherit: 
and must be reported). 

(d) Interest upon (I) obligoliocsof aState, Territory, or a poliliral subdivision 
thereof, or the District of Columbia, or possessions of the United Slates^ (2) obli- 
pations of instrumentalities of the Uoited Slates: and (3) all c^'llgatlans of th^ 
United Stales. Interest on A'~'o and 4>i% Liberty bonds. United States Savings 
bonds, and Treasury bonds, owned in excess of $5,000. and on obligations cl 
instrumcjitalit|es of the United States (except obligations issued under iho 



(e) Amounts received b 
iicKness, plus damages ret 

(f) Rental value of a 



s amended) is subject los 



: accident or health in: 
:ivcd ou account of such iaju: 
telling house and appurtcn^ 



for personal injuries oi 
[cs thereof furnished ( 



r of the gospel as part of his componsaiit 

(7) Compensation paid by a Smte or political subdivision thereof to its officers 
or employees for services rendered in connection with the exercise of an essential 
Covernmeotal functit 



i Dooresident for 



a six months during the lajiable ) 
INCOME 
item 1 all salaries, wages, or other corapensfitif 



is filed, and (f) each depeodont 

Interest.— KnU-r as item 2 inter. M received < 
and corporation bonds, except that interest 

i paid at source by the debtor corporali' 



If, (6) your husband ( 
child. 

banV deposi 



i. notes. moTt gages. 



The tax of 2 percent paid 

in item 16. Interest on bonds is considered 

Other Income.— Enter as item 4 nil other tasable i 
on stocic of domestic corporations not subject to inc 
Act of l'J34 (such as building and loan associations, e 
of foreign corporations, income of an c^iate or irus 
received or not) io the prohts of a partnership, syndu 

DEDUCTIONS 

Tmcs.— Fnter as item 6 all personal taxes and ta 



should be entered as Item 3. 

h intererl should be claimed as a credit 

hen due and payable. 



videnda 
me tax under the Hevenue 
c ). and dividends on stock 
. aud your share (whether 
ite, pool, Joint venture, etc. 



1 property paid during 
te, mhenianfe, legacv, 
1 pfoQts u»es IS allo'.va- 



the yei 

.Ion. and eifi if __. ._,_.._„__. 

a credit is claimed in item 17 of the retu 

Contributions.— Enter as item 7 any contributions or gifts made during the 

year to any corporaiion or fund organized and operated eiclusively for religious, 

charitable, or CiJucational i 

lo Ihe beneru of any nnvat . . 

of the activities of wntth is carrying on propaganda, c 
10 Influence legislation. The amouot claimed shall ool 



; authorized by law, 

resi paiu on persoQai loaeoieaaess. 

No deduction is allowable for the amount of any item or port thereof allocable 

to a class of etempt mcome. other than interest. Items directly otlnbuublo to 

Euch exempt income shall be allocated thereto, and items directly attributable 

to any class of taxable income shall bo allocated to such ta\abl9 mcome. 



(t) the amount of each da:^ of ex( 
allocated to each such class (the i 
showQ separately). 



3 itemized statement. 
incomfi. and (2) the 
jH allocated by apportioi 



n detail, showing 



EARNED INCOME CREDIT. PERSONAL EXEMPTION. ETC. 



again 



; net income of 10 percent of the amount of the earned net income, but 
e^icesa of 10 percent of the amount of the entire net income. If the net 
iccame is not more than $3,000. the entire net mcome shall ba considered to be 
cAi-ned net income, and if the net income is more than ^,000, the earned net 
iDCome shall not be considered to be less than $3,000. 

A smgle person, or a married person not living with husband or wife, mny 
claim a personal exemption of Jl.OWJ. A person who, during the entire ta.tabla 
yev. was the head of a family or was married and hving with husbond or wife, 
may claim an exemption of $2,500. 1/ husband and wife file separate returns, 
the personal exemption may be taken by either or divided between them. 

A "head of a famUy" is an individual who actually supports and maintains 
In one household one or more individuals who are closely cozcecied with him 
by blood relationship, relationship by Ciarri.nge. or by adoption, niad whose r'ght 
to exercise family control und provide for ibesa dependent individuals is hosed 
upon some raorsd or legal oMisation. 

In addition to the pergonal exemption, a credit of $*00 may boclalmod for each 
r'rson (other than husband cr w ife) under eighteen years of o^e. or incapable ot 
self-support because mentally or physically defeclive. who received his or her 
chief support from the taxpayer. Tins credli can be claimed only by the persoo 
wiio furnishes the ch.ef support, and cannot be divided between two individuals. 

If the status of the taxpayer, insofar as it atT.ctg the personal exemption wr 
credit for dependents, changes during the triable year, the personal exemptioo 
and credit shall be apportioned in accordance with the number of months before 
and after such change. For the purpose of such apportionment a fractional part 
of a month shall be disregarded unless it amounts to more than half a month 
In which case it shall be considered as a month. 



GENERAL INFORMATION 

AfBdavit.— TTie onth will be administered without charge by any collector, 
deputy collnctor. or internal revenue agent. If an internal revenue officer is not 
available, ihe return should be sworn to before a person auihotiied to admin- 
ister ojllts. except an attorney or agent employed to represent the taxpayer 
before the Department in c 



t be 



by reason of lUness, ti 
make it, or (2) U the tax pi 
nous absence from the Uc 
date presented by law fo 
an agent it must be a 



_ .. 'ith his t 

uted by the person whose Income Is rrported or by 
r agent. The return may he made by an agent (l) iC 



1 liable for the making ot the r 
.'er 13 unable to make ttio return by r 
ed Slates for a period of at least 60 da> 






C0lle< 



e Of husband and w Je, i 



r oft 






Vhenevei 

r of attorney on Form &35. or, in the 
3of which may beobtamed from th« 



The JolQt retom of husband and wife moat be alened by both spot 
■worn to by Ihe epottae preparlof— Slliiui Id— the return. If the r«lur 
pared by both spou^^es. or is prepared by Dciiber spooae. tbea both 
most ewev to the retom. eicept where one Bpousc 
under K Po*^t' of atlomey sobixUtled on Form »36. 

Tax.— The tax may be paid at timeof f^!;og the retu _ _ 

: payable quarterly provided each installment Is i>sld 



tcta for the otber apooae 
io four equal install- 



respcctive due date. 



PENALTIES 
lake and file a retom on UfM.— Not more than SIO.OM 
more than one year, or both, together with the costs of 
tlon, 5 to 25 percent of tho amount of the tax. 
I false or fyaodDleot return.— Not more than $!0.0<W 
more than Qve years. or twth, together with the costs of 



152 



STATISTICS OF INCOME 



RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN 



PARTNERSHIP RETURN OF INCOME 



r VENTURES. ETC.) 



For Calendar Year 1935 

Or FiscbI Year begun , 1935, and ended , 1936 

nie Tlui Return Not Uler Th&n the Fi(le«nth Dtj of the Third Monlh Following Ihe C)oi« of the Tutble Ye<r 



PRINT PLAINLY NAME > 



:> BUSINESS ADDRESS OF THE ORGANIZATION 

(StiMl ud Dumbet) 



Butineu «r Profeiiioii.. 



Nature of Orguiiution 

Data of OrgaruMtion. -^ ._-_ 



:. pool. )oiot veniuw. etc.) 



Do Not Write In The«e Spacet 






lally pnpaied by a 



1. Gross Receipts froni Business < 



GROSS INCOME 

r Profeasion - 



d AddroM and amount). 



I tax-free covenant bonds). 



(b) Merchandise bought for eaJe - ~ 

(c) Cost of labor, supplies, etc. (From Schedule A) 

(d) Total of lines (o), (6), and (c) _... 

<e) Less inventory at end of year - .- 

8. Gross Profit from Business or Profession tliato i minus item j) ,-.„ _. 

4. lacomo (or loss) from Other Partnerships, Syndicates, Pools, etc. <stat« nparniely 

6. Intarest on Bank Deposits, Notes, Corporation Bonds, etc. (e^tccpt interest ( 

6. Interest on Tax-free Covenant Bonds upon which a Tax was Paid at Source 

7. Rents I „ _ 

9. Capital Gain (or loss). (FromScbcduloB) „ ^ 

ubjcct to taxation under Title I of Revenue Act of 1634 

(b) Domestic Corporations not subject to taxation under Title I of Revenue Act of 1934 — 

, Other Income (SUM nature otloooffle): 



Rent on 
Repairs. 
Interest 



Total Incoub in IrxMe 3 i 

of Employees, (tto not include 

BuEineaa Property 

(Trom Schedule C),..,_, ......... 

Indebtedness 



DEDUCTIONS 



17. Taxes paid. (From B 



19. 



• D).. 



(FT«mBcbedti]eG) . 



20. Charitable Contributions. (Eiplaln lo eoperoto sthedule).__ _._ ,,,,,,, .._^.. 

21. Depreciation (resulting from exhaustion, wear and tear, or obsolescence). {Tna Sebedute 0) 

22. Othf r Deductions Authoriicd by Law (including slock determined to be worthless during taxable year) 

23. Total Deductionb in Items 13 to 22 

24; Net Income (Item 12 minus Item 23) „ 



(Dcjigo.le noofBldMi allfcu. ir tay) 
mw.-Wbm niim ol pinnu o amhnaM li> u»l>>« ccJKicUoii Kumcl, 


?TiL'f 


1o7"aJovi' ' 


'l)eco« 


A1.01.«I.1«^C0L1.»». 


ri%oVi«i"ti 


l-^^lKcom T.I 


(a) 




$ 





$ 




*■-- 












(I) -_ - 






.._.. 






(,) __ 






w— - ~ 


. 
















— 


^) _ ■ •" "-"" 




.._.. 


Tot.lh 


's 




s 1 is. 




s 




S 





STATISTICS OF INCOME 



153 



SCHEDULE A— COST OF LABOR, 


SUPPLIES, ETC. (Seo Instruction 2) 






■'"■ 


A..VK. 


.„.. 


*.o™. 


likbor ... 


'• 






« 




BuppUM 











1 






„ - 






ToTAt, f<!nt<-r as Itom 2 M) 


S _ 1 



SCHEDULE B— CAPITAL GAINS AND LOSSES (FROM SALES OR EXCHANGES ONLY) (S«o Instruction 0) 


1. DssciumoN or raor- 

■»TT AKI> FBUOO UILD 


-- 


.hB.. 


*'— — ' 


TD<T DaTE. (tadi- 

caia ba^i) *■ 


UAAia 1,1011 


'auAdaulJs)' 


B. Qaj» OK L0S3 


£-1 


la OUV OB LOM TO St 

Taxsm nro Accorai 




a. 040(| 


b. Loaia> 


•(Dl)«wflrt«n. 


M» Dn m. 




s 




t 




$ 




> 


_... 


s 




100 
80 
60 
40 
30 






• (b) Owr 1 y«f but not 








•(«Ot«>n.iil«tnot 
01V 5 yean: 
















•(4)OTO5ycu.l«ilI»< 
























•(.)U«,IO,«b: 




















(0 Total Gains and Lokses (Ent«r net amount aa Item 9> (Capital loasca are allowable only to the extent of S2,000 plus capital gains). 


$ 


$ 



*Id reporting a 

Fa buL o( iropcny bcqulnd biter Fsbruary 'JS, 1913. w» 8ecUoD Il3(s) (13] i 

6tsl« (1) how und from whom pnipertr waa ocquLred „ 

BTeryuIeoreicbaaioorfitock rticolJ Lorcpon<Kl lD<lei«U, loijudiag rjunaiu 
•UKk ngbu. etc.) 



ft perioda, kiul moslei galu oi 



it bhun. capita changu BOectliig buu (»t 



b ptnol to Coluioa 10 abora. 



SCHEDULE C— COST OF REPAIRS (See Ins 


tniction IS) 


=— 


SCHEDULE 1)— TAXES PAID {See lD3truction 17) 




'^"*" I CEnter M Item 15} 


l.'lTtlU 


(Enlw'M 


^cnlT) 




==■■■■■ 






















1 







SCHEDULE E— EXPLANATION OF DEDUCTION FOR LOSSES BY FIBE. STORM. ETC. (Sep Iiuitruction 18) 



L Kant or Pbopbett 



.-_.! L_.. 



Salvage V ALUS 



7. Dedqcttbli Lon 



State how property waa acquired - 



SCHEDULE F— EXPLANATION OF DEDUCTION FOB BAD DEBTS (See Inatruction 19) 





Yua 


Nrr.»o.. 


CaA.«.no.Ac„,n„ 


Dao Dzan 


(0) _ _ _ ■. 


1932 
1933 


$ 




s 






















w 


1934 
193S 














w- 















SCHEDULE G— EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Inatniction 21) 



1. Et)n» or PnopmTT 
<UbuiJd,ns^st«(« 


^,SS!. 


Datb (Ii.dJckt« b&sli) 


•^SfJS^?l^- 


8. DrriiiaAnon 


"HE?H" 


m 


i'SJS'm 


9. Detrccuiiom 
AuowABtx Tma YCAft 




* 




s s 


1 




, 






















_ 1 


1 1 :...i 











SCHEDULE H— NONTAXABLE OBLIGATIONS. LIBERTY BONDS. ETC. (See Instrm 



LO.ooAno„o.s«...™ 


'- ^^.VZr'^.'X " 1 '"'^vvr^'' 


(«) Obligationa of a State, Territory, or any political eubtUvision tlicrcof, or the Dletrict of Columbia, or U. 8. possessions. 


5 " 


— 


S 




























— 






C/) Obligations of insfnimcntalitiea of the United f=;tatC3 (other than obligations to be reported in (b) above)„ !._ 







SCHEDULE I— INCOME FROM DIVIDENDS 



Itcmizo all dividends pcccivcd during the year, ttaticg amounts and i 



9 and addresses of corporationa declaring tbo dividends: 



AFFIDAVIT (See Instruction 30) 
I swcUlT Cor ftffirm) that this return (includiug ifa accompanying echcdulca and statementa, if any! has been examined by me, and , to the best of my knowledgo 
nd belief, is a true, correct, and complete return, made in (jood faith, for the accounting period stated, pursuant to the Revenue Act of 1934 and the Regulationa 



AFFIDAVIT (See Instruction 30) 
I/we swear (or flfGrm) that I/we prepared this return for the organization named herein and that the return (including its accompanying Gchedules and 
Btatementa, if any) is a true, correct, and complete statement of all the information rcapccting the income tax liability of the person for whom this return has 
been prepared of which I/wc have any knowledge. 



(Sienatun of penoo prepsrlnf U 



Bwom to and subscribed before i 



a prcparlDE tbo retuni) 



154 



STATISTICS OF INCOME 



INSTRUCTIONS 

The Instructions Numbered 1 to 25 Correspond with the Item Numbers on the First Page of the Return 



1. GROSS RECEIPTS 

Describe the business or profession in the space pro\-ided at the top of page 
1, and enter as item 1 on page 1 of the return the gross receipts from sales or 
services, less any discounts or allowances from the sale price or ser\-ice charge. 

Farmer's incoiae schedule. — If the organization operates a farm and keeps 
no books of account, or keeps books on a cash basis, obtain from the collector 
and attach to this return Form 1040F, Schedule of Farm Income and Ex- 
penac-s, and enter the net farm income as item 3 on page 1 of this return. If 
the farm books of account are kept on an accrual basis, the filing of Form 
1040F is optional. 

Installment sales. — If the installment method is used^ attach to the return 
a schedule showing separately for the taxable years 193^, 1934, 1935, and 1936 
the following information: (a) Gross sales; (6) cost of goods sold; (c) gross 
profits; (rf) percentage of profits to gross sales; (e) amount collected; and (/) 
gross profit on amount collected. See section 44 of the Revenue Act of 1936. 

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 line (e), the minor items to be grouped in one amount. 

Inventories, — If the production, purchase, or sale of merchandise is an 
income-producing factor in the trade or business, inventories of merchandise 
on hand should be taken at the beginning and end of the taxable year. Enter 
"C", or "C or M", on lines (a) and (c) to indicate whether the inventories arc 
valued at cost, or cost or market, wliichevcr is lower. 

3. GROSS PROFIT 

Enter as item 3 the gross profit derived from the business or profession, 
which is obtained by deducting item 2, the cost of goods sold as extended, 
from item 1, the gross receipts. 

4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP, ETC. 

Enter as item 4 the share of the profits (whether received or not) (or of the 
losses) of another partnership, syndicate, pool, joint venture, etc.. except that 
the share of interest on obligations of the United States, etc., shall be reported 
in Schedule H, page 2 of the return. - 

If the accounting period on the basis of which this return is filed does not 
coincide with the annual accounting period of another partnership, sj-ndicatc, 
pool, etc., from wliich income is received, there should be included in this re- 
turn the distributive share of the net profits (or losses) for the accounting 
period of such partnership, sjTidicEte, pool, etc., ending within the accounting 
period for which this return is filed. 

5. INTEREST ON BANK DEPOSITS, ETC. 

Enter as item 5 all interest received or credited to the account of the organ- 
ization during the taxable year on bank deposits, notes, mortgages, and cor- 
poration bonds, except interest on bonds upon which a tax was paid at the 
source. Interest on bonds is considered income when due and payable. 

6. INTEREST ON TAX-FREE COVENANT BONDS 

Enter as item 6 interest on bonds upon which a tax was paid at tlic source 
ty the debtor corporation, if an ownership certificate on Form 1000 was filed 
with the interest coupons. The tax of 2 percent paid at the source on such 
interest should be allocated to the partners or members in column 5 of item 
25, page 1 of the return. 

7. RENTS 

Enter as item 7 the gross amount received for the rent of property. Any 
deductions claimed for repairs,' interest, -taxes, and depreciation should be 
included in items 15, 16, 17, and 21, respectively. 

If property or crops were received in lieu of cash rent, report the income as 
though the rent had been received in cash. Crops received as rent on a crop- 
sharo basis should be reported as income for the year in which disposed of, 
unless this return shows income accrued. 

8. ROYALTIES 
Enter as item 8 the i^oss amount received as royalties. If a deduction is 
claimed on account of depletion, it should be included in item 22. Sec sections 
23 (m) and 114 of the Revenue Act of 1936. 

9. CAPITAL GAINS AND LOSSES 

Report sales or exchanges of capital assets in Schedule B and enter the net 
amount of gain or loss to be taken into account in computing net income as 
item 9. (CAPITAL LOSSES ARE ALLOWABLE ONLY TO THE EXTENT 
OF $2,000 PLUS CAPITAL GAINS. THEREFORE, IF THE TOTAL 
AMOUNT OF CAPITAL LOSSES IS IN EXCESS OF THE TOTAL 
AMOUNT OF CAPITAL GAINS, THE AMOUNT TO BE ENTERED AS 
ITEM 9 MAY NOT EXCEED $2,000.) Describe the property bricfiy, and 
state the price received or the fair market value of the property received 
in exchange. 

If the property sold or exchanged was acquired prior to March 1, 1913, the 
basis for determining GAIN is the cost or the fair market value as of March J , 
1913, adjusted as provided in section 113 (b) of the Revenue Act of 1936, 
whichever is greater, but in determining LOSS the basis is cost so adjusted. 
If the property was acquired after February 23, 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 1936, then tbo basis shall be the same 
as it would be in the hands of the transferor, increased in the amount of gain 
or decreased in the amount of loss recognized to the transferor upon such 
transfer under the law applicable to the year in which the transfer was made. 
If the property was distributed in kind by a partnership to any partner, the 
basis of such property in the hands of the partner shall be such part of the 
basis in his hands of his partnership interest as is properly allocable to such 
property. (Sco section 113 of the Revenue Act of 1936.) If the amount 
shown as cost is other than actual cash cost of the property sold or exchanged, 
full details must be furnished regarding the acquisition of the property. 

Enter os depreciation the amount of exhaustion, wear and tear, obsolescence, 
or depletion which has been allowed (but not less than the amount allowable) 
in respect of such property since date of acquisition, or since March 1, 1913, if 
the property w.is acquired befoiv that date. In addition, if the property was 
acquired before March 1, 1913, the cost shall bo reduced by the depreciation 
actually sustained before that date. 



Subsequent improvements include expenditures for additions, improve- 
ments, and repairs made to restore the property or prolong its useful life. Do 
not deduct ordinary repairs, interest, or taxes in computing gala or loss. 

No loss shall be recognized in any sale or other disposition of shares of 
stock or securities where the organization has acquired substantially identical 
stock or securities within 30 days before or after the date of such sale or dis- 
position, unless the organization is engaged in the trade or business of buying 
and selling stocks and securities. 

No deduction shall be allowed in respect of losses from sales or exchanges 
of property, directly or indirectly, (A) between members of a family, or 
(B) except in the case of distributions in liquidation, between an indiWdual 
and a corporation in which such individual owns, directly or indirectly, more 
than 50 percent in value of the outstanding stock. For the purpose of this 
paragraph — (C) an individual shall be considered as owning the stock owned, 
directly or indirectly, by his family; and (D) the family of an individual shall 
include only his brothers and sisters (whether by the whole or half blood), 
spouse, ancestors, and lineal descendants. 

The provisions of the Revenue Act of 1936 relating to capital gains and 



I by any 
hna hM utock o 



civ«d by the holdci 






Notwithstanding the provisions of section 117 (a) above, 100 percent of 
the gain resulting to the distributee from distributions in liquidation of a cor- 
poration shall be taken into account in computing net income, except in the 
case of amounts distributed'in complete liquidation of a corporation. (Seo 
section 115 (c) of the Rcveriue Act of 1936.) 

SECTION 117 APPLIES ONLY TO GAINS AND LOSSES UPON THE 
SALE OR EXCHANGE OF CAPITAL ASSETS AND, THEREFORE, HAS 
NO APPLIC.\TION TO LOSS OF USEFUL VALUE UPON THE PER- 
MANENT ABANDONMENT OF THE USE OF PROPERTY OR LOSS 
SUSTAINED AS THE RESULT OF CORPORATE STOCK OR DEBTS 
BECOMING WORTHLESS. 

10. DIVIDENDS 
Enter as item 10 the total of all dividends reported in Schedule I. 

11. OTHER INCOME 
Enter as item 11 all other taxable income for which no space is provided 
elsewhere on page 1 of the return. 

J2. TOTAL INCOME 

Enter as item 12 the net amount of items 3 to 11, inclusive, after deducting 
any losses reported in items 3, 4, and 9. 

13. SALARIES 

Enter as item 13 all salaries and wages not included as a deduction in line 
(c) of item 2 ; except compensation for partners or members, which shall not 
be claimed as a deduction in this item or elsewhere on the return. 

14. RENT 

Enter as item 14 rent 09l>usiness property in which the organization has no 
equity. Do not ii-.clude rent for a dwelling occupied by any partner or member 
for residential purposes. 

15. REPAIRS 

Enter as item 15 the cost of ordinary repairs to keep the property in a 
usable condition, including labor, supplies, and other items which do not ap- 
preciably add to the value or life of the property. Do not include expenditures 
for the cost of replacements or permanent improvements to property, nor the 
cost of business equipment or furniture. List in Schedule C the principal 
items of cost, grouping the minor items in one amount. 

16. INTEREST 

Enter as item 16 interest on business indebtedness to others. Do not in- 
clude interest on capital invested in or advanced to the business by anj' 
partner or member, nor interest on indebtedness incurred or continued to pur- 
chase or carry obligations (other than obligations of the United States isiiiod 
after September 24, 1917, and originally subscribed for by the tixpayer) the 
interest upon which is wholly exempt from ta:iation. 



STATISTICS OF INCOME 



155 



17. TAXES 

Enter OS item 17 taxes 6n business property or for carrying on barincfiB. Do 
not include ta^^cs a&sesscd against local bencGts tending; to increase tho value of 
the property assessed, as for paWng. etc., Federal income taxes, nor estate, 
inhieritance, legacy, Bucccssion, and gift taxes, nor taxca entered In cotunin 7 of 
iteta 25f pcge 1 of the return. List in Schedule D each claaa of taxes deducted. 
18. LOSSES BY FIRE. STORM. ETC. 

Ent«r as item 18 losses sustained during the year, ff incurred in the trade or 
bufiness, or of property not ci>i:nected with tho trade or business, if arising by 
fire, storm, Ghipwreck, or other casualty, or from theft, and not compensated 
for by insurance or otherwise. See section 23 (c) of the Avenue Act ^f 1934. 
Explain such losses in Schedule £. 

19. BAD DEBTS 

Enter as item 19 debts, or portions thereof, arising from sales or eervices that 
have been reflected in income, which have been definitely ascertained to be 
worthless and have been charged off within the year, or such reasonable amount 
as has been added to a refier\'e for bad debts withio the year. 

If the debts are included in the deduction claimed, state in Schedule F on 
line (a) of what the debts confiiBted, lino (6) when they were created and when 
they became due, line (c) what efforts were made to collect, and line (<f) how 
they were actually determined to be worthless. 

If the amount deducted is an addition to a reserve, enter on the lines provided 
in Schedule F the amounts charged on account, and the bad debts charged off, 
for each of the past 4 years. 

A debt previously charged off as bad, if subsequently oolleoted, must be 
returned as income for the year in which collected. 

20. CONTRIBUTIONS 

Enter as item 20 contributions or gifts made within the taxable year to any 
corporation, or tnjst, 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 carrying on propa- 
ganda, or otherwise attempting, to influence legitilation. The amount claimed 
shall not exceed 15 percent of the orgaoization's net income computed without 
the benefit of this deduction. List orgajiizations and amounts contributed to 
each in a separate schedule. 

21. DEPRECIATION 

The amount deductible on account of depreciation in item 21 is an amount 
reasonably measuring the portion of the investment in depreciable property by 
rcafon of exhaustion, wear and tear, or obsolescence, which is properly chargeable 
against the operations of the year. If tho property was acquired by purchase 
on or after March 1, 1913, the amount of depreciation should be determined 
upon the basis of the original cost (not replacement cost) of the property, and 
the probable number of years remaining of its expected useful life. In case the 
property was purchased prior to March 1, 1913, the amount of depreciation will 
be determined in the same ma n ner, 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 acquired in any 
other manner than by purchase, see section 114 of tho Revenue Act of 1934. 
The capital Bxua 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 dae regard to operating conditions during tho 
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 6cp)arately amount claimed 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 
reconcUed with those accounts as reflected on the books of the taxpayer. (See 
eections 23 0) and 114 of the Revenue Act of 1934.) 

Do not claim any deduction for depreciation in the value of a building occupied 
by any partner or member is a dweiliag, or of other property held for personal 
iise, nor on stocks, bonds, and like securities. 

2?. 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 deduct Losses incurred in 
transactions which \7ero neither connected with the trade or business nor entered 
into for profit. No deduction is allowable for the amount of any item or part 
thereof allocable to a class of exempt income, other than interest. Items 
directly attributable to such exempt income ehall be allocated thereto, and 
items directly attributable to auy class of taxable income shall be allocated to 
Buch taxable income. An orgamzatjon receiWng any exempt income, other 
than interest, or holding any property or engaging in any activity the income 
from which is exempt shall submit with its return as a part thereof an itemized 
etafement, in detail, showing (1) the amount of each class of exempt income, 
and \^2) the amount of items allocated to each such class (the amount allocated 
by apportionment being shown separat<;ly). 

23. TOTAL DEDUCTIONS 
Enfet as item 23 the total of items 13 to 22, inclusive. Do not include any 
deduction claimed in Schedule A or B. 

24. NET INCOME 

Enter as item 24 the net income, w hich is obtained by deducting Item 23 from 
item 12. The ret income of the organization shall be computed upon tho basis 
of its taxable year in accordance with the method employed in keeping tho books, 
unleea sjch method does not clearly reflect the income. 

25. PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITS 

Enter the names and addresses of the partners or members on lines (a), (b), 
(c), etc., in column 1 of item 25, page 1 of the return, and evtcnd in the proper 
columns each partner's or member's shores of the net income whether distributed 
or not Item 25 ehould also show complete iiifomiation with respect to all mem- 
bers of the partnership, syndicate, group, etc., having any interest during any 
portion of the taxable year. 

Earned income. — Enter in Column 4 tho pt'-.per part of each partner's or 
member's distributive share of the organi!atioD'3 net income which consiets of 
earned income. Such part cannot exreed a reaf onablc allowance as compensa- 
tion for personal ocr\'iccs actually rendered by the partner or meml>er in con- 



nection with tho organization's business. In the case of an organization which 
is engaged in a trade ur business In which capital is a material income-producing 
factor and in tho trade or business of which tho partner or member renders 
personal services which are material to the earning of tho organization's Income, 
the earned incomo of the partner or member from the organization is a reason- 
able allowance as compensation for the pcrional ficrvices actually rendered 
by him, but not in excess of 20 percent of his shara of the net profits of tho 
organization (computed without deduction fbr so-called *n.lftriftff to psrtncrs 
or members). 

Credit for taxes. — If interest was received en tax-free covenant bonds in 
connection with which an ownership certificate on Form 1000 was filed, the tar 
of 2 percent paid at the source on such interest should be allocated to tho 
partners or members in column 6. 

If income tax paid to a foreign country or a possession of the United State* 
is entered in column 7, submit Form 1116 with this return with a receipt for 
each such tax pajTnent. In case the amount entered in column 7 includes 
foreign ta=es accnied but not paid, attach to the form a certified copy of the 
return on which the taxes were based. The Commiasioner may require tha 
partners or memt:>ers to giyo a bond on Form 1117 for tho payment of any 
additional tax found due if the foreign tax when paid differs from the amount 
claimed. 

26. NONTAXABLE OBUGATIONS. LIBERTY BONDS, ETC, 

Enter on the proper lines in column 2 of Schedule H the amount of obligations 
or securities owned at the end of tho year, including the share of such obligations 
owned in another partnership, syndicate, group, etc., and in column 3 tho in- 
terest received or accrued thereon during the year. Each partner or member 
should be advised as to the amount of his shnre of these obUgations and of tlis 
interest, in order that he may include this information in his individual Inoomo 
tax return and determine whether such interest is subject to tas. 

27. RETURNS BY PARTNERSHIPS. ETC. 

Every domestic partnership (including syndicates, groups, pools, joint ven- 
tures, or other unincorporated organizations, through or by means of which any 
business, financial operation, or venture is carried on, and which are not, within 
the meaoing of the Revenue Act of 1934, trusts, estates, or corporations) and 
every foreign partnership, syndicate, pool, etc., doing business within tha 
United States or in reoeipb of income from so'irces therein regardless of tha 
amount, shall make a return of income on Form 1065 for the calendar year 
19*5 or for a fiscal year begun in 1935 and ended in 1986. (See section 801 (a) 
(3) and Supplement F of the Revenue Act of 1934.) If this return is filed on 
behalf of a sj'ncjicate, pool, joint venture, or similar group, a copy of toe operating 
agreement should be attached to this return. 

28. PERIOD TO BE COVERED BY RETURN 

Except in the case of the first return the organization shall make Its return 
on tho basis upon which the return was made for the accounting period imme- 
diately preceding unless, with the approval of the Commissioner, a change is 
made in the accounting period. 

If the organization desires to change its accounting period from fiscal year to 
calendar year, from calendar year to fiscal year, or from one fiscal year to another 
fiscal year, an application for such change shall be made on Form 1128 and for- 
warded to the collector prior to the expiration of 30 days from the cloaa of the 
proposed accounting period. 

29. ACCRUED OR RECEIVED INCOME 

If the books of account are kept on an accrual basis, report all income accrued, 
even though it has not been actually received or entered on the books, and 
expenses incurred instead of expenses paid. 

If the books are not kept on the accrual basis, report all income received or 
constructively received, such as bank interest credited to tha account of the 
organization, and expense? paid. 

30. AFFIDAVITS 

Partner or member. — The return shall be sworn to by any one of the partners 
or members. If receivers, trustees in bankruptcy, of assignees are in control of 
the property or business of the organization, such recti vers, trustees, or assignees 
shall execute the return under oath. 

Where return is prepared by someone other than the organization. — Question 
1 on page 1 of the return should be aoswered fully, and where the return is 
actually prepared by some person or persons other than the organization, such 
person or persons must execute tho affidavit at the foot of pftge 2 of the return. 

An attorney or agent employed to represent the organization before tho 
Department in connection with tax matters Is not permitted to administer tho 

31. WHEN AND WHERE THE RETURN MUST BE FILED 

The return must be filed on or before the fifteenth day of the third month 
following the close of the taxable year with the collector of internal revenue for 
the district in which the organization has its principal office or place of business. 
The return for a foreign partnership, syndicate, pool, etc., shall be filed on or 
before the fifteenth d^.y of the sixth month following the close of the taiablo 
year with the Collector of Internal Revenue, Baltimore, Maryland. 

The collector may grant a reasonable extension of time for filing a return, not 
to exceed 6 months, if applitation therefor is made before the date prescribod 
by law for filing such return, whenever in his judgment good cause exists. 

32. PENALTIES ^ 

For willful failure to make a return on time. — Not i 

imprisonment for not i 
prosecution. 

For willfully making a false or frandulent return. — Not more than $10,00(^ 
or imprisonment for not more than 5 years, or both, together with the costs of 
prosecution. 

33. INFORMA-nON AT SOURCE 

Every partnership, syndicate, pool^ etc., making payments of salaries (other 
than salaries paid to the partiiers or members), wages, interest, rents, commis* 
sions, or other fixed or determinable income of 51,000 or more during the calendar 
year, to a single person, another partnership, syndicate, pool, etc., or a fiduciary, 
or S2,590 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 
revenufj upon request. Such returns covering the calendar year 1935 must ba 
forwarded to the Commissioner of Internal Revenue, Sorting Section^ Washing- 
toot p. C, in time to be received not later than February IS. 1930. 



s than $10,000, or 
; than 1 year, or both, together with the costs of 



INDEX 



Page 

Additional tax, estate tax returns 44, 56-63 

Agriculture and related industries, individual income tax returns, net 
income of $5,000 and over: 

Profit and loss from business 24-25 

By size of profit and loss 93 

Alabama, revised figures (footnote 4) 42 

Aliens: 

Departing (item 5) 3 

Filing returns (Revenue Acts 1913-1934) 133-135, 138 

Amended returns tabulated, individual income tax returns 2 

Amusements, individual income tax returns, net income of $5,000 and 
over: 

Profit and loss from business 24-25 

By size of profit and loss 98 

Average net income, individual income tax returns, by States 73 

Average tax, individual income tax returns: 

Net income classes 74 

States 73 

B 

Back taxes, defined (item 6) 3 

Bonds. («S'ce Stocks and bonds; Estate tax returns; Gift tax returns.) 
Business profit and loss, individual income tax returns: 
All returns: 

Amount and percent 9 

Net income classes 15-17 

No net income: 

Amount 30 

Deficit classes 127-128 

Percentage distribution by net income classes 12 

States 85, 87 

Years, 1916 through 1935 37-39, 42 

Returns with net income of $5,000 and over: 

Explanatorj' text 23 

Frequency distribution by net income classes: 

By size of business profit classes 15-16 

By size of business loss classes 16-17 

Industrial groups and subgroups: 

Returns with schedule A 24-25 

Returns without schedule A 25 

Salaries and wages paid 25 

Total receipts 24 

Net income classes 10-11 

Bv size of selected sources of income and loss 15-17 

Years, 1916 through 1935. ._ 39-42 



Capital gains and losses, individual income tax returns: 

Explanatory text 7-8 

Income and loss from: 

Years, 1922 through 1935 37-39, 42 

Years, 1922 through 1935, net income of $5,000 and over 40-42 

78020—38 11 157 



158 STATISTICS OF INCOME 

Capital gains and losses, individual income tax returns — Continued. 

Income and loss from: Page 

Amount and percent 9 

Frequency distribution, net income of $5,000 and over by net 
income classes: 

By size of capital gain classes 18-19 

By size of capital loss classes 19-20 

Net income classes 10-11 

By size of selected sources of income and loss; net income 

of $5,000 and over 18-20 

No net income: 

Amount _ 30 

Deficit classes 127-128 

Percentage distribution by net income classes 12 

States 85, 87 

Tax credit for capital loss, years 1924 through 1933 32 

Tax on capital gain, years 1922 through 1933. _ 32 

Capital stock in estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns filed under various Revenue Acts. 46-48 
Changes in tax laws affecting comparability of statistical data: 

Estate tax returns 140-141 

Gift tax returns 142 

Individual income tax returns 132-139 

Charitable bequests: 
Estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns filed under various Revenue 

Acts 46-48 

Gift tax returns: 

By net gift classes 67-68 

By total gift classes 68-69 

Chemicals and allied products, individual income tax returns, net income 
of $5,000 and over: 

Profit and loss from business 24-25 

Cities and counties, number of individual income tax returns by 30 

Citizen and resident decedents, estate tax returns 43 

Collections or taxes paid not comparable with tax liability 3 

Community property income; individual income tax returns: 

Number and net income 6 

Net income classes 84 

States 81 

Comparability with previous years 4 

Construction, individual income tax returns, net income of $5,000 and 
over: 

Profit and loss from business 24-25 

By size of profit and loss 95 

Contributions, individual income tax returns: 

Amount and percent 9 

Net income classes 11 

No net income: 

Amount of deduction for 30 

By deficit classes 128 

Percentage distribution by net income classes 12 

States 87 

Years, 1917, 1920, 1922 through 1935 37-42 

Counties and cities, number of individual income tax returns by 30 

Credits: 

Estate tax returns 43, 56-63 

Individual income tax returns: 

Allowed 7 

Dei^endcnts 7, 73, 75 

Earned income 7, 75 

Personal exemption 7, 73, 75 

Personal exemption and credit for dependents, by States 73 

Tax credits, years 1923 through 1933 32 

Cumulative distribution, individual income tax returns; number, net 

income and tax by net income classes _ 5, 76-78 



STATISTICS OF INCOME 159 

Page 
Curative service, individual income tax returns, net income of $5,000 and 
over: 

Profit and loss from business _ 24-25 

By size of profit and loss 98 

D 

Debts, unpaid mortgages, etc., estate tax returns: 

By net estate classes 50-55 

By taxable and nontaxable returns filed under various Revenue Acts_ 46-48 
Deductions: 

Estate tax returns: 

By net estate classes 50-55 

By taxable and nontaxable returns filed under various Revenue 

Acts 46-48 

Gift tax returns: 

By net gift classes 67-68 

By total gift classes 68-69 

Individual income tax returns: 

Amount and percent 9 

Business loss 9, 11, 16-17, 24-25, 30. 37-42, 87, 90, 93-101 

Contributions 9, 11, 30, 37-42, 87, 128 

Interest paid 9, 11, 12, 30, 3^-42, 87, 91 

Net capital loss 9, 11, 19-20, 30, 32, 87, 128 

Net income classes 11 

No net income: 

Amount 30 

Deficit classes 128 

Partnership loss 9, 11, 12, 30, 38-42, 87, 90 

Percentage distribution by net income classes 12 

States 87 

Taxes paid 9, 11, 12, 30, 38-42, 87, 91 

Years, 1916 through 1935 37-39 

Years, 1916 through 1935, net income $5,000 and over 39-42 

Deficit; Individual income tax returns: 

Amount 29 

By deficit classes 29, 128 

Defined 2 

States 127 

Dependents, credit for, individual income tax returns: 

Amount and percent 7 

Net income classes, and under $6,000, by taxable and nontaxable re- 
turns 75 

Dividends on stock of domestic corporations, individual income tax re- 
turns : 

Amount and percent 7, 9 

Frequency distribution; net income $5,000 and over, by net income 

classes and by size of dividend classes 22-23 

Net income classes 10, 89 

No net income: 

Amount 30 

Deficit classes 127 

Percentage distribution by net income classes 12 

States 85 

Years, 1916 through 1935 37-39 

Years, 1916 through 1935, net income $5,000 and over 39-42 

Domestic service, individual income tax returns, net income of $5,000 
and over: 

Profit and loss from business 24-25 

By size of profit and loss 97 

E 

Earned income credit, individual income tax returns: ■ 

Amount 7 

Net income classes 75 

Tax credit by years 32 



160 STATISTICS OF INCOME 

Page 
Educational service, individual income tax returns, net income $5,000 and 
over: 

Profit and loss from business 24-25 

By size of profit and loss 99 

Effective tax rate (percent), individual income tax returns: 

Amount, 1934 and 1935 4 

Net income classes 75 

Years, 1916 through 1935 36 

Engineering service, individual income tax returns, net income $5,000 and 
over: 

Profit and loss from business 24-25 

B}' size of profit and loss 99 

Estates and trusts, individual income tax returns: 

Number and net income 6 

Net income classes 84 

States and Territories 81 

Estate tax returns: 

Explanatory text 43-45 

Resident decedents: 
Nontaxable: 

Deductions 46-48 

Form of property 46-48 

Gross estate 46-48, 64 

Number of returns: 

Bv Revenue Acts under which filed 46-48,64 

By States 62-63 

Revenue Acts under which filed 43-44, 46-48 

States 62-63 

Taxable: 

Additional tax: 

By Revenue Acts under which filed 44, 51-63 

By States 62-63 

Deductions 46-55 

Form of property 46-55 

Gross estate 46-55, 62-64 

Net estate 46-55,62-64 

Number of returns : 

By Revenue Acts under which filed 46-55, 64 

ByStates 62-63 

Revenue Acts under which filed. 46-55, 64 

States 62-63 

Tax credits: 

Bv net estate classes 56-61 

By States 62-63 

Tax liability: 

By net estate classes 56-61 

By Revenue Acts under which filed 46-48 

ByStates 62-63 

: Resident and nonresident decedents; taxable and nontaxable: 

Rates, specific exemption and credits against tax. Revenue Acts 

1916 through 1935 140-141 

Years, 1916 through 1936, historical summary 64 

Estimated returns, individual income tax returns 2 

Excess-profits tax : 

Individual income tax returns (footnote 4) 32 

\': ': PartnershiiJ returns (footnote 4) 32 

Exemptions: 

Estate tax returns 43-44, 46-55 

Gift tax returns 67-69 

Individual income tax returns: 

Amount 7 

Net income classes 75 

States 73 

Exclusions : Gift tax returns 67-69 



STATISl:iCS OF INCOME 161 

F 

Page 

Family relationship, individual income tax returns 6, 79-84 

Fiduciary income, individual income tax returns: 

Amount and percent 9 

Defined 8 

Net income classes 10, 89 

No net income: 

Amount 30 

Deficit classes 127 

Percentage distribution by net income classes 12 

States ___ 86 

Years, 1916, 1922 through 1935 37-39,42 

Years, 1916, 1922 through 1935, nst income of $5,000 and over 39-42 

Finance, individual income tax returns, net income of $5,000 and over: 

Profit and loss from business by subgroups 24-25 

By size of profit and loss 100-101 

Fiscal year returns, individual income tax returns 1 

Food and kindred products, individual income tax returns, net income of 
$5,000 and over: 

Profit and loss from business 24-25 

Forest products, individual income tax returns, net income of $5,000 and 
over: 

Profit and loss from business 24-25 

Forms for 1935: 

Individual income tax returns, 1040, 1040A 146-151 

Partnership return, 1065 152-155 

Frequency distribution of selected sources of income and losses, indi- 
vidual income tax returns, net income of $5,000 and over, by net in- 
come classes and by size of each source of income and loss: 

Business profit 15-16 

Business loss 16-17 

Dividends 22-23 

Net capital gain 18-19 

Net capital loss 19-20 

Rents and royalties 20-21 

Salaries and wages 13-14 

Funeral and administrative expenses, estate tax returns: 

By net estate classes 46-55 

By taxable and nontaxable returns filed imder various Revenue Acts__ 46-55 

G 

Gains and losses (capital), individvial income tax returns 7-8 

Geograpliic distribution, individual income tax returns 4 

Gift tax returns: 

Deductions 67-69 

Exemptions 67-69 

Exclusions 67-69 

Explanatory text 65-66 

Forms of property 65, 67 

Identical donors 66 

Net gift classes 67-68 

Number of returns, taxable and nontaxable 68-69 

Rates, Revenue Acts 1924, 1932, 1934, and 1935 142 

Tax _ - 66-69 

Total gift classes 68-69 

Trust, amount bv 66 

Years, 1932-1935 -----, 66 

Government securities, wholly and partially tax-exempt, individual 

income tax returns 26-28 

Gross estate, estate tax returns: 

Net estate classes 49-55 

States, citizen or resident decedents 62-63 

Taxable and nontaxable returns, filed under various Revenue Acts. 46-55, 64 
Years, 1916 to 1936, resident and nonresident decedents 64 



Ii62 STATISTICS OF INCOME 

H 

Heads of families, classified, individual income tax returns: Page 

Number and net income 6 

Net income classes 83 

States--- 80 

Historical summaries: 

Estate tax returns: 

Resident and nonresident, 1916 through 1936 64 

Gift tax returns: 

Years, 1932 through 1935 66 

Individual income tax returns: 

Effective tax rate (percent), 1916 through 1935 36 

Net income by net income classes, 1916 through 1935 34 

Number by net income classes, 1914 through 1935 32-33 

Sources of income, 1916 through 1935- 37-42 

States, 1925 through 1935 102-126 

Tax by net income classes, 1916 through 1935 _ 35 

Years," 1913 through 1935 31-32 

Husbands and wives, joint returns of, individual income tax returns: 

Number and net income 6 

Net income classes 82 

States 79 

Husbands filing separate returns 6, 79, 82 

I 

Income. (See Individual income.) 

Income tax. (See Individual income tax.) 

Income tax rates. {See Synopsis of individual income and profits tax rates.) 

Income tax returns. (See Individual income tax returns.) 

Income and profits taxes paid foreign countries 3 

Individual income: 
Net: 

Amount and percent 4 

Average 4, 73 

Cumulative distribution by net income classes 5, 77 

Defined 2-3 

Exempt from normal tax 7 

Net income classes 5 

Net income classes and by sex and family relationship 82-84 

Net income classes and by States 102-126 

Percentage distribution by net income classes 12 

Sex and family relationship 6 

Simple and cumulative distribution by net income classes 5, 77 

Sources of income 8-9 

States 102-126 

States, and by sex and family relationship 79-81 

Subject to normal tax 7 

Years, 1913 through 1935, amount 31 

Years, 1916 through 1935, by net income classes 34 

Years, 1925 through 1935, States 102-126 

Nontaxable, under $6,000: 

Net income classes 82-84 

Net income classes and by States 102-126 

Sources of: 

Amount and percent 9 

Frequency distribution by net income classes and by size of in- 
come and losses 13-23 

Net income classes 10-11, 88-92 

No net income: 

Amount _ 30 

Deficit classes 127-128 

Percentage distribution by net income classes 12 

Revised figures (footnote 19) 42 

States 85-87 

Years, 1916 through 1935 37-39, 42 

Years, 1916 through 1935, net income of $5,000 and over 39-42 



STATISTICS OF INCOME 163 

Individual income — Continued 

Total: Page 

Amount and percent 9 

Net income classes 10, 90 

No net income: 

Amount 30 

Deficit classes 128 

Percentage distribution, by net income classes 12 

States _ 86 

Years, 1916 through 1935 37-39, 42 

Years, 1916 through 1935, net income of $5,000 and over 39-42 

Individual income tax {see also Excess-profits tax) : 

Amount, average, and rate on net income 4 

Average : 

For 1935 and 1934 4 

Net income classes 74 

States 73 

Average rate of tax on net income (effective tax) : 

Net income classes 75 

Years, 1916 through 1935, by net income classes 36 

Comparison 1935 with 1934 4 

Credits {see also Credits) 32 

Cumulative distribution by net income classes 5, 76-78 

Net income classes 5, 74-75 

Net income classes and by States 102-126 

Normal tax: 

Net income classes 35, 74 

Rates, Revenue Acts 1913 through 1934 132-135 

Years, 1913 through 1935 32 

Simple and cumulative distribution by net income classes 5, 78 

States 73, 102-126 

Surtax : 

Net income classes 35, 74 

Rates, Revenue Acts 1913 through 1934 136-137 

Years, 1913 through 1935- ..- 32 

Total: 

Net income classes 5, 35, 74 

States 73 

Years, 1913 through 1935 32 

Years, 1916 through 1935, and by net income classes 35 

Years, 1925 through 1935, States . 102-126 

Individual income tax returns: 

Changes in tax laws affecting comparability of statistical data: 

Credits 138-139 

Personal exemption 133 

Rates, Revenue Acts 1913 through 1934 _.. 132-139 

Requirements for filing returns 132-135 

Supplemental rates and tax credits, Revenue Acts 1917 through 

1934 138-139 

Comparison 1935 and 1934 4 

Credit for dependents by net income classes 75 

Deductions in. {See Deductions.) 

Earned income credit 7, 75 

Fiscal year returns tabulated 1 

Geographic distribution 4 

Method of compiling data; net income under $5,000 2 

Net income classes, and under $6,000, by taxable and nontaxable 

returns 74-75 

Net income classes, by States, and under $6,000. by taxable and 

nontaxable returns 102-126 

No net income: 

Deficit classes 29 

Sources of income and deduction 30 

States, number of returns and amount of deficit 127 



164 STATISTICS OF INCOME 

Individual income tax returns — Continued. 

Number of: Page 

Counties, cities, and towns 30 

Cumulative distribution 5, 76-78 

Frequency distribution by net income classes and by size of each 

source of income and loss 13-23 

Net income classes 74 

Net income classes by States 102-126 

Net income classes by years, 1914 through 1935 32-33 

No net income 29, 127 

Sex and family relationship 6, 79-84 

Simple and cumulative distribution 5, 76 

Sources of income and deductions 10-11, 88-92 

States 73 

States by net income classes 102-126 

Taxable and nontaxable returns, by years, 1916 through 1935 31 

Years, 1913 through 1935 31 

Years, 1935 and 1934 compared 4 

Years, 1925 through 1935, by States 102-126 

Percentage of population filing returns by States 73 

Personal exemption and credit for dependents by States 73 

Personal exemption by net income classes 75 

Population by States 73 

Procedure in tabulation 1-2 

Sex and family relationship: 

Amount and percent 6 

Net income classes, and under $6,000, by taxable and nontaxable.- 82-84 

States 79-81 

Simple and cumulative distribution by net income classes 5 

Sources of income and deductions: 

Amount and percent 9 

Explanatory text 8-9 

Frequency distribution by net income classes and by size of each 

source of income and loss 13-23 

Net income classes 10-11 

No net income: 

Amount 30 

Deficit classes 127-128 

Percentage distribution by net income classes 12 

States 85-87 

Years, 1916 through 1935 37-39 

Years, 1916 through 1935, net income of $5,000 and over 39-42 

States 73, 102-126 

Tax-exempt obligations 26-29 

Unaudited returns tabulated 2 

Years, bv net income classes 32-36 

Years, 1913 through 1935 31-32 

Individuals required to file returns, 1913 through 1935 132-135 

Insurance: 

Estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns filed under various Revenue 

Acts 46-48 

Gift tax returns by net gift classes 67-68 

Interest, taxable, on partially tax-exempt Government obligations: 
Individual income tax returns: 

Amount and percent 7, 9 

Net income classes 10, 89 

No net income: 

Amount 30 

Deficit classes 127 

Percentage distribution by net income classes 12 

States _ 86 

Years, 1919 through 1935 37-39,42 

Years, 1919 through 1935, net income of $5,000 and over 39-42 



STATISTICS OF INCOME 165 

Interest, other taxable; individual income tax returns: Page 

Amount and percent 9 

Net income classes 10 90 

No net income: 

Amount 30 

Deficit classes 127 

Percentage distribution by net income classes 12 

States . _ 86 

Years, 1927 through 1935 37-39, 42 

Years, 1927 through 1935, net income of $5,000 and over 39^42 

Interest paid, individual income tax returns: 

Amount and percent 9 

Defined 8 

Net income classes 11^ 91 

No net income: 

Amount 30 

Deficit classes 128 

Percentage distribution by net income classes 12 

States 1 87 

Years, 1933 through 1935 37-39,42 

Years, 1933 through 1935, net income of $5,000 and over 39-42 

Investment brokers; real estate, etc., individual income tax returns, net 
income of $5,000 and over: 

Profit and loss from business 24-25 

By size of profit and loss 100 

Investment in bonds, stocks, etc.: 
Estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns filed under various Revenue 

Acts 46-48 

Gift tax returns 67 

J 

Joint returns of husbands and wives, individual income tax returns: 

Number of returns and amount of net income 6 

Net income classes 82 

States 79 

Jointh' owned property; Estate tax returns (footnotes) 48, 50, 53, 55 

L 

Labor, individual income tax returns, net income of $5,000 and over: 

Profit and loss from business by industrial groups 24-25 

Leather and its manufactures, individual income tax returns, net income 
of $5,000 and over: 

Profit and loss from business 24-25 

Legal service, individual income tax returns, net income of $5,000 and 
over: 

Profit and loss from business 24-25 

By size of profit and loss 99 

Libert}' bonds. Treasury certificates, etc., individual income tax returns: 

Amount owned and interest received b^' net income classes 27-28 

Liquors and beverages, individual income tax returns, net income of $5,000 
and over: 

Profit and loss from business 24-25 

Loss from business, individual income tax returns. {See Profit and loss 

from business.) 
Loss, capital net. (See Capital gains and losses.) 

Loss from sale of real estate, stock, bonds, etc., individual income tax 
returns: 

Years, 1926 through 1933 37-39,42 

Years, 1926 through 1933, net income of $5,000 and over 40-42 

M 

Manufacturing, individual income tax returns, net income $5,000 and over: 

Profit and loss from business by subgroups 24-25 

By size of profit and loss 94 



l^Q STATISTICS OF INCOME 

Page- 
Manufacturing not elsewhere classified, individual income tax returns, 
net income of $5,000 and over: 

Profit and loss from business by subgroups __ 24-25 

Men, individual income tax returns: 

Number and amount of net income 6 

Net income classes 82, 83 

States 79,80 

Metal and its products, individual income tax returns, net income of $5,000 
and over: 

Profit and loss from business 24-25 

Mining and quarrying, individual income tax returns, net income of $5,000 
and over: 

Profit and loss from business 24-25 

By size of profit and loss 94 

Mortgages, notes, cash, etc., estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns filed under various Revenue Acts.. 46-48 

N 

National Industrial Recovery Act 132-135 

Nature of business not given, individual income tax returns, net income of 
$5,000 and over: 

Profit and loss from business _' — 24-25 

By size of profit and loss 101 

Net capital gain, individual income tax returns. __ 7, 10, 12, 18, 30, 37-42, 85, 127 

Net capital loss, individual income tax returns 7, 10, 12, 19, 30, 37-42, 87, 128 

Net estate, estate tax returns (see also Estate tax returns) : 

Defined 43 

Net estate classes 56-61 

Revenue Acts 46-55, 64 

States 62-63 

Years, 1916 through 1936 64 

Net income defined 2-3 

Net income exempt from normal tax; individual income tax returns: 

Amount and percent 7 

No net income. Form 1040 29-30, 127-128 

Normal income tax, individual income tax returns 7, 74 

O 

Obligations of States and Territories, etc., individual income tax returns, 
net income of $5,000 and over: 

Amount owned and interest received, by net income classes 27-28 

Obligations issued under Federal Farm Loan Act, individual income tax 
returns, net income of $5,000 and over: 

Amount owned and interest received, by net income classes 27-28 

Other income; individual income tax returns: 

Amount and percent 9 

Net income classes 10, 90 

No net income: 

Amount 30 

Deficit classes 127 

Percentage distribution by net income classes 12 

States 86 

Years, 1927 through 1935 37-39, 42 

Years, 1927 through 1935, net income of $5,000 and over 39-42 

Other taxable interest, individual income tax returns: 

Amount and percent 9 

Net income classes 10, 90 

No net income: 

Amount 30 

Deficit classes 127 

Percentage distribution by net income classes 12 

States __ 86 

Years, 1927 through 1935 37-39,42 

Years, 1927 through 1935, net income of $5,000 and over 39-42 



STATISTICS OF INCOME 167 

P 

Page 
Paper, pulp, and products, individual income tax returns; net income of 
$5,000 and over: 

Profit and loss from business 24-25 

Partially tax-exempt obligations, individual income tax returns (see also 

Wholly and partially tax-exempt obligations) 26-29 

Partnership returns of income, number of, 1917 through 1935 30-31 

Partnership profit and loss, individual income tax returns: 

Amount of profit and loss, and percentages 9 

Defined 8 

Loss, by net income classes 11, 90 

Net income classes 10-11, 88, 90 

No net income: 

Amount 30 

Deficit classes 127-128 

Percentage distribution by net income classes 12 

Profit, by net income classes 10, 88 

States 85, 87 

War and excess-profits tax (footnote 3) 32 

Years, 1917 through 1935 37-39,42 

Years, 1917 through 1935, net income of $5,000 and over 39-42 

Partnership loss. (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 75 

States 73 

Personal exemption and credit for dependents, individual income tax 

returns 73 

Population of the United States, estimated as of July 1, 1935, by States. _ 73 
Power of appointment, estate tax returns by net estate classes (footnotes 

9, 5) 48,50,53,55 

Printing, publishing, and allied industries, individual income tax returns, 
net income of $5,000 and over: 

Profit and loss from business 24-25 

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

By business profit classes 15-16 

By business loss classes 16-17 

By industrial groups 24-25, 93-101 

Profit from sale of real estate, stocks, bonds, etc., individual income tax 
returns : 

Years, 1917 through 1933 37-39, 42 

Years, 1917 through 1933, net income of $5,000 and over 39-42 

Property in estate tax returns by net estate classes, classified 46-55 

Property previously taxed, estate tax returns (footnotes 9, 5) _ 48, 50, 53, 55 

Q 

Quarrying, individual income tax returns. (See Mining and quarrying.) 

R 
Real estate: 

Estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns filed under various Revenue 

Acts 46-48 

Gift tax returns by total gifts and net gift classes 67 

Individual income tax returns; net income of $5,000 and over: 

Profit and loss from business 24-25 

By size of profit and loss 100 

Rents and royalties; individual income tax returns: 

Amount and percent 9 

Frequency distribution; net income of $5,000 and over by net income 

classes and by size of rent and royalty classes 20-21 

Net income classes 10, 89 

No net income: 

Amount 30 

Deficit classes 127 



168 STATISTICS OF IXCOME 

Rents and royalties; Individual income tax returns — Continued. Pag* 

Percentage distribution by net income classes 12 

States 85 

Years, 1916 through 1935 37-39, 42 

Years, 1916 through 1935, net income of $5,000 and over 39-42 

Requirements for filing individual income tax returns 132-135 

Retail trade, individual income tax returns, net income $5,000 and over: 

Profit and loss from business 24-25 

Returns tabulated, individual income tax returns 1-2 

Returns on Form 1040, no net income; individual income tax returns: 

Deficit classes 29, 127-128 

Sources of income and deductions 127-128 

States 127 

Revenue Acts, 1913 through 1935: 

Estate tax returns; tax rates, specific exemption, and credits against 

estate tax 140-1 41 

Excess-profits tax rates; war and 138 

Gift tax returns; tax rates, specific exemption, exclusions 142 

Individual income tax returns: 

Required to file returns; personal exemption; credits for depend- 
ents and normal tax rates 132-135 

Supplemental income and profits tax rates and tax credits 138-139 

Surtax rates 136-137 

Revised figures — Sources of income and deductions 42 

Royalties. (See Rents and royalties.) 

Rubber products, individual income tax returns; net income of $5,000 and 
over: 

Profit and loss from business 24-25 

S 

Salaries, wages, commissions, fees, etc., individual income tax returns: 

Amount and percent 9 

Frequency distribution by net income classes; net income of $5,000 

and over, by size of salary and wage classes 13-14 

Net income classes 10, 88 

No net income: 

Amount 30 

Deficit classes 127 

Percentage distribution by net income classes 12 

States ._ 85 

Years, 1916 through 1935 37-39,42 

Years, 1916 through 1935; net income of $5,000 and over 39-42 

Salaries and wages paid: Business profit and loss, by industrial groups and 

subgroups 25 

Sampled returns: Individual income tax returns 2 

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 24-25 

By size of profit and loss 97-99 

Sex and famil.y relationship, individual income tax returns: 

Number of returns and amount of net income 6 

Net income classes 82-84 

States 79-8 1 

Simple and cumulative distribution of individual income tax returns 5, 76-78 

Sources of income and deductions, individual income tax returns: 

Amount and percent 9 

Explanatory text 8-9 

Frequency distribution; net income of $5,000 and over, by net income 

classes and by size of income and losses 13-23 

Net income classes 10-11, 88-92 

No net income: 

Amount 30 

Deficit classes 127-128 

Percentage distribution by net income classes 12 

Revised figures (footnote 19) 42 

States 85-87 



STATISTICS OF INCOME 16^ 

Sources of income and deductions, individual income tax returns — 

Continued. Pag« 

Years, 1916 through 1935 37-39, 42 

Years, 1916 through 1935, net income of $5,000 and over 39-42 

State and municipal bonds, estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns, filed under various Revenue 

Acts 46-48 

Stocks and bonds: 

Estate tax returns: 

By net estate classes 49-55 

By taxable and nontaxable returns, filed under various Revenue 

Acts 46-48 

Gift tax returns, by total gifts and net gift classes 67 

Stone, clav, and glass products, individual income tax returns, net income 
of $5,000 and over: 

Profit and loss from business 24-25 

Surtax. (See Individual income tax.) 

Surtax net income, individual income tax returns 3 

Synopsis of individual income tax rates; Estate and Gift tax rates: 

Credits and exemptions affecting comparability of data in Statistics 
of Incom.e 132-142 

T 

Tax collections compared with tax liability 3 

Tax credits: 

Earned income, years 1924 through 1931 32 

Capital net loss, years 1924 through 1933 32 

Taxes. (See Estate tax; Gift tax; Individual income tax.) 

Tax liability 4 

Taxes paid, individual income tax returns: 

Amount and percent 9 

Defined 8 

Frequency distribution by net income classes 91 

Net income classes 11, 91 

No net income: 

Amount 30 

Deficit classes 128 

Percentage distribution by net income classes, net income of $5,000 

and over 12 

States 87 

Years, 1933 through 1935 38-39, 42 

Years, 1933 through 1935, net income of $5,000 and over 40-42 

Taxes paid at source 3 

Tax-exempt income. (See Wholly and partially tax-exempt obligations.) 
Tax-exempt investments: 

Estate tax returns 46-55 

Individual income tax returns by net income classes 27-28 

Tax forms for 1935: 1040; 1040A; 1065 143-155 

Tentative tax, estate tax returns 56-61 

Textiles and their products, individual income tax returns, net income of 
$5,000 and over: 

Profit and loss from business 24-25 

Tobacco products, individual income tax returns, net income of $5,000 and 
over: 

Profit and loss from business 24-25 

Trade, wholesale; retail; wholesale and retail; individual income tax 
returns, net income of $5,000 and over: 

Profit and loss from business 24-25 

By size of profit and loss 96-97 

Transfers made in contemplation of death, estate tax returns (footnotes 9, 5)_ 48, 

50, 53, 55 
Transportation and other piiblic utilities, individual income tax returns; 
net income of $5,000 and over: 

Profit and loss from business 24-25 

Bj- size of profit and loss 95 



170 STATISTICS OF INCOME 

Page 
Treasury notes; Treasury bills and certificates of indebtedness, etc.; indi- 
vidual income tax returns, net income of $5,000 and over: 

Amount owned and interest received by net income classes 27-28 

Trusts; gift tax returns, by form of property 66 

U . 

United States Government bonds, wholly and partially tax-exempt, indi- 

t vidual income tax returns, net income of $5,000 and over 27-28 

Utah, revised figures (footnotes 3, 19) 34, 42 

W 

Wages, salaries, commissions, etc.; individual income tax returns. {See 
Salaries, wages, etc.) 

War-profits and excess-profits tax 32 

Wholesale trade, individual income tax returns, net income of $5,000 and 
over: 

Profit and loss from business 24-25 

By size of profit and loss 96-97 

Wholly and partially tax-exempt obligations; individual income tax returns, 
net income of $5,000 and over: 

Amount owned by net income classes 27 

Explanatory text 26, 29 

Interest received by net income classes 28 

Wives and husbands, joint returns of, individual income tax returns 6, 79, 82 

Wives filing separate returns from husbands, individual income tax returns: 

Number of returns and amount of net income 6 

Net income classes 82 

States 79 

Women, single, individual income tax returns: 

Heads of families and not heads of families 6 

Number of returns and amount of net income 6 

Net income classes 83 

States 80 

o 



STATISTICS OF INCOME 
FOR 1935 

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 1935 



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 : 1938 



For sale by the Superintendent of Documents, Washington. D. C. ....-....----• Price 15 centt 



CONTENTS 



Paee 
Official transmittal 1-30 

CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS 

Returns tabulated I 

Definitions of gross income, deductions and net income 2 

Tax liability and collections 2-3- 

Industrial classification 3 

Geographic distribution 3 

Comparability with previous reports 4 

Number of returns, net income or deficit, and tax 4 

By major industrial groups 4-& 

By net income and deficit classes 7 

Income and profits taxes paid to foreign countries or possessions of the 

United States, reported as a tax credit, 1925-35 8 

Dividends paid, 1922-35 8-9 

Compiled receipts and compiled deductions 9-10 

Corporations submitting and not submitting balance sheets 11 

Assets and liabilities 11-15 

Corporations submitting balance sheets, returns with net income and 

with no net income 12 

Number of corporation returns filed and number of balance sheets, by 

net income and deficit classes 13 

Gross capital assets, reserves for depreciation and depletion (except on 

land), and net capital assets, by major industrial groups 14-15 

Assets and liabilities and compiled receipts and compiled deductions, by 

total assets classes 15-16 

Returns with net income and with no net income 16 

Consolidated returns of railroads 17-19 

Compiled receipts, compiled deductions, net income or deficit, income 

tax, excess-profits tax, total tax and dividends paid 17-18 

Assets and liabilities 18-19 

Fiscal year returns 19-20 

By month in which fiscal year ended 19 

By net income and deficit classes 20 

Part-year returns 20 

HISTORICAL SUMMARIES, CORPORATION INCOME AND EXCESS-PROFITS TAX 

RETURNS 

Total number, number with net income and with no net income, gross in- 
come, net income, deficit, net income less deficit, and total tax, 1909-35_- 21-22 

Number of returns, and net income or deficit, bv net income and deficit 

classes, 1932-35 1 - 22-23 

Number of returns, compiled receipts and compiled deductions, 1926-35.. 23-24 

Returns submitting balance sheets: number of balance sheets, assets and 
liabilities 1926-35, and compiled receipts and compiled deductions 
1931-35 25-26 

PERSONAL HOLDING COMPANY RETURNS 

General explanations 27-28 

Number of returns, receipts, deductions, adjusted net income, credits, and 

surtax, by types of returns 29 

Number of returns by adjusted net income classes 30 

in 



IV CONTENTS 

BASIC TABLES— CORPORATION INCOME AND EXCESS-PROFITS TAX RETUSNS 

United States in aggregate (1-7): Page 

1. By States and Territories 32-33 

2. By major industrial groups and subgroups 34-39 

3. Compiled receipts and compiled deductions, by major industrial 

groups: 

All returns 40-43 

Returns with net income 44-47 

Returns with no net income 48-51 

4. Corporations sul)mitting balance sheets, by major industrial groups, 

for returns with net income and with no net income: assets and 
liabilities and compiled receipts and compiled deductions 52-59 

5. Corporations subm.itting balance sheets, bj' -total assets classes: 

assets and liabilities and compiled receipts and compiled deduc- 
tions: 

All returns with balance sheets 60-61 

Returns with net income 62-63 

Returns with no net income 64-65 

6. Corporations submitting balance sh^^ets, by total assets classes for 

major industrial groups: selected items of assets and liabilities and 
selected items of receipts for returns with net income and with no 
net income 66-83 

7. By major industrial groups for returns with net income and with no 

net income, 1926-35 84-88 

States and Territories separately (8) : 

8. Historical summary, 1926-35 89-99 

REVENUE ACTS OF 1913-1934 AND CERTAIN TAX PROVISIONS OF THE NATIONAL 
INDUSTRIAL RECOVERY ACT (1933); ALSO THE SPECIAL EXCISE TAX UNDER 
THE ACT OF AUGUST 5. 1909— SYNOPSIS OF CORPORATION INCOME AND PROF- 
ITS TAX RATES AND CREDITS AFFECTING THE COMPARABILITY OF DATA IN 
"STATISTICS OF INCOME" 101-105 

INCOME TAX FORMS 

Facsimiles of Forms 1120, 1120L, and 1120H for 1935 . 107-123 

Index 125-138 



STATISTICS OF INCO.ME FOR 1935 



PART 2 



CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS 
AND PERSONAL HOLDING COMPANY RETURNS 

Treasury Department, 
Office op Commissioner of Internal Revenue, 

Washington, D. C, September 23, 1938. 
Sir: In accordance with the provision in the Revenue Act of 1916 
and subsequent acts requiring the publication 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 1935, Part 2," prepared from cor- 
poration income and excess-profits tax returns and personal holding 
company returns for 1935 filed during 1936, with a historical pre- 
sentation of the income and of the tax liability reported by corpora- 
tions from 1909 to date. (Statistics compiled from individual income 
tax returns for 1935, and estate tax returns and gift tax returns filed 
during 1936, are published in Statistics of Income for 1935, Part 1.) 

CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS 

returns tabulated 

In general, the corporation income and excess-profits tax returns 
covered by this report are for the calendar year 1935. However, a 
considerable number of returns are filed for a fiscal year other than the 
calendar year. The returns for a fiscal year ended in the period 
July, 1935, through June, 1936, are tabulated with the calendar 
year returns. There are also included part-year returns for which the 
greater part of the accounting period falls in 1935. 

The returns for 1935 are filed under the provisions of the Revenue 
Act of 1934. The major changes made by this act affecting the tabu- 
lated data for corporations are set forth in the section of this report 
entitled "Revenue Acts of 1913-1934 and certain tax provisions of 
the National Industrial Recovery Act (1933); also the special excise 
tax under the Act of August 5, 1909," ]3ages 101-105. 

The general tables for corporations include, in addition to aggre- 
gates for all returns, tabulations for returns with net income and with 
no net income. The statistics are taken from returns as filed and 
prior to any revision or adjustment that may subsequently be made as 
a result of audit by the Bureau of Internal Revenue. 

1 



2 STATISTICS OF INCOME 

DEFINITIONS OF GROSS INCOME, DEDUCTIONS, AND NET INCOME 

In this report "gross income" corresponds to "total income" report- 
ed in item 14 on the face of the return for 1935, plus "cost of goods 
sold" and "cost of operations," items 2 and 5, less "interest on Liberty- 
bonds, etc.," item 11. This last item has been deducted from "total 
income," as tliis item was not included in "gross income" for prior 
years. "Deductions" correspond to "total deductions" reported in 
item 26 on the face of the return for 1935, plus "cost of goods sold" 
and "cost of operations," items 2 and 5. All negative income reported 
on the returns under sources of income are transferred to deductions 
and both "gross income" and "deductions" are increased by a like 
amount. "Net income" in this report means the amount of income 
subject to income tax (item 30 on the face of the return) and represents 
the amount of gross income, as defined above, in excess of deductions; 
and "deficit" represents excess of deductions over gross income. 
Keferences to item numbers on the return relate to Form 1120, fac- 
simile of which appears on pages 110-115. 

TAX LIABILITY AND COLLECTIONS 

The amoimt of tax Hability as reported on the returns is not pre- 
cisely comparable vdih the amount of corporate income tax collec- 
tions during the calendar year in which the returns are filed. Several 
factors are responsible for the difference in the taxes collected and 
the tax Uabihty reported on the returns, among which are the folloxs-ing: 

1. The amount of tax originally reported may have been subse- 
quently revised as the result of audit of the returns. The revisions 
may result in additional assessments, thereby increasing the tax 
hability, or in certificates of overassessment, representing abatements 
and credits, which reduce the tax habihty originally reported. An 
amended return has the same effect as an audit revisioi;i. 

2. Income and profits taxes paid to foreign countries or possessions 
of the United States may be taken as a deduction from gross income or 
applied %\'ith certain limitations as a credit against the income tax 
payable to the United States. The amount of such taxes taken as a 
credit by corporations against the income tax liabihty to the United 
States has not been deducted from the amount of income tax liability 
shoM-n in the tabulations in this report. It is tabulated for the years 
1925 through 1935 however, on page 8. 

3. Because of being assessed against the debtor corporation, in- 
come tax paid at source on tax-free covenant bonds is included in the 
corporation income tax collections, notwithstanding the fact that it 
is paid on behalf of individual holders of bonds. 

4. The amount of tax hability on fiscal year returns may not rep- 
resent taxes collected during the calendar year in which the returns 
are filed. Fiscal year returns are required to be filed on or before 
the loth 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 1936, collections were made of part or all 
of the taxes reported on returns for fiscal years ended in period Janu- 



STATISTICS OF INCOME 3 

ary 31, 1935 (the last quarterly installment payment on whicli was 
due on or before January 15, 1936), through September 30, 1936 
(the filing of returns and the full payment or first installment payment 
on which was due on or before December 15, 1936); whereas there are 
excluded from the statistics in this report, as previously indicated, the 
returns for fiscal years ended prior to July, 1935, and subsequent to 
June, 1936. 

5. Delays in payment due to financial embarrassment, Hquidation 
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. For similar reasons, certain amounts are uncollectible. 

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

INDUSTRIAL CLASSIFICATION 

Corporations are classified industrially according to their predom- 
inant business. The industrial groups, therefore, do not contain 
solely corporations engaged exclusively in the industries in which they 
are classified, because of the diversified activities of many corpora- 
tions. The industrial classification for 1934 and 1935 is not strictly 
comparable udth that for prior years, by reason of the discontin- 
uance, under the Revenue Act of 1934, of the privilege of filing con- 
solidated returns, except by railroads. Whereas returns formerly 
filed on a consohdated basis were classified according to the predomi- 
nant business of the consolidated group, the industrial classification 
for returns with years ended December 31, 1934, or thereafter, is 
based on the predominant business of each company (except in the 
case of an affiliated railroad group which exercises the privilege of 
filing a consolidated return). Although the present classification is a 
purer industrial distribution than was possible for consolidated returns 
of affiliated groups of companies in years prior to 1934, it does not 
yield a wholly clean-cut separation of industries, because of the varied 
activities of particular corporations, already mentioned. 

GEOGRAPHIC DISTRIBUTION 

The data, although tabulated by the States in which the returns 
were filed, do not represent what may be called the geographic dis- 
tribution of income. There is 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, since income reported 
by a corporation in one State may have been derived from sources in 
other States. Returns are filed in the collection district in which the 
principal place of business or principal office of the corporation is 
located, with the two exceptions that consolidated returns of affiUated 
groups of railroad companies are filed in the collection district of the 
parent company and that the separate returns of affiliated groups of 
companies which formerly filed on a consolidated basis may or may 
not be filed in the same collection districts as heretofore. The 
geographic distribution of the returns for the years prior to 1934 is, 
therefore, not strictly comparable \vith that for 1934 and 1935. 



4 STATISTICS OF INCOME 

COMPAEABILITr WITH PREVIOUS REPORTS 

In various sections of this report reference is made to conditions 
affecting the comparability of specific items from year to year, such 
as changes in the provisions of the revenue acts under which the 
returns for given years are filed. In particular it must be noted that 
the data for 1934 and 1935 are not strictly comparable watli those for 
prior years. The totals as weU as the separate items of assets, liabili- 
ties, receipts and deductions, the amounts of di\ddend payments, 
gross income, net income and tax, and the classifications of the returns 
by industry, geographic location, size of total assets, and returns 
with net income and with no net income are all affected by the dis- 
continuance, under the Revenue Act of 1934, of the privilege of filing 
consoHdated returns, except by railroads. The lack of comparability 
of the information for 1934 and 1935 wdth that pubhshed in Statistics 
of Income for 1933 and prior years is more fully discussed in Statistics 
of Income for 1934, Part 2, Corporation Income and Excess-Profits 
Tax Returns and Personal Holding Company Returns, pages 19-29. 

NUMBER OF RETURNS, NET INCOME OR DEFICIT, AND TAX 

The number of income tax returns filed by c rporations lor 1935 
was 533,631, as against 528,898 for 1934. Of the total number of 
1935 returns, 164,231 show^ net income, 312,882 no net income, and 
56,518 no income data. The returns with net income show an 
aggregate net income of $5,164,723,225, income tax of $710,155,678, 
excess-profits tax of $24,968,692 (of which $19,584 is reported on 
returns with no net income), and total tax of $735,124,370. The 
number of returns \vith net income increased 19,130, or 13.2 percent, 
as compared vnth 1934 returns, and the net income increased $889,- 
525,954, or 20.8 percent. The income tax increased $121,780,313, 
or 20.7 percent; the excess-profits tax $17,295,934, or 225.4 percent; 
and the total tax $139,076,247, or 23.3 percent. The number of 
returns with no net income decreased 11,821, or 3.6 percent, as com- 
pared %vith similar 1934 returns, and the reported deficit of $3,468,- 
773,525 represented a decrease of $712,253,961, or 17.0 percent. 

MAJOR INDUSTRIAL GROUPS 

The following table, in which returns of corporations are classified 
by major industrial groups and by returns with net income, with no 
net income, and with no income data, inactive corporations, shows 
number of returns, gross income, deductions, net income or deficit, 
and tax habihty. Basic table 1, pages 32-33, show similar data for 
the returns distributed by States and Territories in place of by major 
industrial groups. 

In analyzing the data compiled from returns classified under the 
major industrial group "Finance" and under the industrial subgroup 
"Life insurance — Alutual or stock companies," allowance should be 
made for the two special deductions from gross income permitted life 
insurance companies under paragraphs (2) and (4), subsection (a), 
section 203, Revenue Act of 1934, relating to reserve funds required by 
law and reserve for dividends. For returns with net income these 



STATISTICS OF INCOME 



deductions total $36,077,136; for returns with no net income, $695,- 
595,958. In basic tables 3 and 4, pages 40-51 and pages 52-59, re- 
spectively, the special deductions for life insurance companies are 
included in "other deductions." 



Corporations, 1935, hy major industrial groups: number of returns, gross income, 
deductions, net income or deficit, income tax and excess-profits tax, for returns 
with net income and with no net income; also number of inactive corporations ^ 

[Money figures in thousands of dollars] 



Industrial groups 



Total 

number of 

returns 



Returns with net income 



Number 



Percent 

of group 

total 



Gross in- 
come ' 



Deduc- 
tions ' 



Net in- 
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. .. 

IMetal and its products 

Manufactm'ing 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, 084 
18,420 



2,321 
4,527 



23.02 
24.58 



358, 965 
1,331,854 



315, 064 
1, 168, 918 



43.901 
162, 936 



13, 375 

3,282 
387 
15, 656 
2,415 
632 
6,843 
2,306 

12, 912 
7,969 
3,967 

19, 856 

6,613 



5,312 

1,466 
139 
6,129 
1,090 
286 
2,384 
1,296 

4,895 
3.156 
1,253 
8,426 

2,144 



39.72 

44.67 
35.92 
39.15 
45.14 
45.25 
34.84 
56.20 

37.91 
39.60 
31.59 
42.44 

32.42 



7, 340, 434 

1, 107, 301 

1, 077, 784 

3, 861, 351 

935, 624 

671, 861 

734, 389 

1, 165, 444 

1,468,211 

4, 545, 732 

769, 225 

10, 652, 872 

1. 083, 382 



7,022,763 

999, 477 
978, 365 

3, 689, 927 
887, 859 
641, 742 
696, 421 

1,073,123 

1, 328. 174 

4, 179, 604 

680, 530 

9, 778, 369 

974, 485 



317, 671 

107, 824 
99,419 

171, 425 
47, 768 
30,119 
37,968 
92, 321 

140, 037 

366, 12S 

88,695 

874,503 

108,897 



96, 213 



37. 976 



39.47 



35. 413, 610 



32, 930, 837 



2, 482, 773 



17, 687 



28, 437 
149, 426 



54, 560 



143, 843 
14, 961 



4,242 



10, 600 
57, 813 



13, 358 



33,231 

las 



23.98 



37.28 
38.69 



24.48 



23.10 
1.09 



789, 599 

6, 520, 071 
27, 582, 955 

1, 803, 935 



3, 638, 747 
1,771 



740, 338 



5, 592, 926 
26, 815, 528 



1, 676, 487 



< 3, 035, 473 
1,212 



49,260 

927, 144 
767, 428 

127, 448 



603, 274 
560 



533,631 



164,231 



30.78 



77,441,506 



72, 276, 783 



5, 164, 723 



' For general explanations, see pp 1-4. 

« Gross income and deductions correspond to total income and total deductions (items 14 and 26, respec- 
tively, on fnce 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, as this item was not included in gross income for prior years. 

' Includes excess-profits tax of .$!9,5S4 on returns with no net income for income tax computation. (See 
article 1(d). Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 
702 of the Revenue Act of 1934.") 

* Includes special non-expense deductions of life insurance companies. (See pp. 4-5.) 



6 



STATISTICS OF INCOME 



Corporations, 1935, by major industrial groups: number of returns, gross incomey 
deductions, net income or deficit, income tax and excess-profits tax, for returns with 
net income and with no net income; also number of inactive corporations ^ — Con. 

[Money figures in thousands of dollars] 



Industrial groups 



Returns with net 
income— Continued 



Income 
tax 



Excess- 
profits 
tax 3 



Returns with no net income 



Number 



Percent 

of group 

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, insurance, real estate, holding 

companies, stock and bond brokers, etc 

Nature of business not given 

Grand total.. -.- - 



6,036 
22, 400 



160 
615 



6,734 
9,188 



66.78 
49.88 



230, 654 
1, 292, 853 



43, 670 

14, 826 

13, 670 
23, 570 

6,568 
4,141 
5,221 
12, 686 
19, 255 
50, 340 
12, 196 
120, 240 

14, 973 



1,684 

905 
44 

1,034 
198 
323 
222 
266 
463 
929 
470 

8,202 
888 



7,283 

1,481 

228 

9,254 

1,25S 

312 

4, 199 

938 

7,495 

4,350 

2,524 

10, 702 

3,676 



54.45 

45.12 
58.91 
59.11 
62.09 
49.37 
61.36 
40. 68 
58.05 
64.59 
63.62 
63.90 
65.59 



1, 988, 025 

216, 399 

33, 682 

2, 045, 223 

228. 436 
116,885 
583, 999 
326, 145 
659, 876 

2, 882, 520 

248. 437 
2, 902, 219 

352, 338 



341, 355 



15, 528 



63, 700 



55. 81 



12, 484. 183 



6,772 
127,580 
10.5, 495 
17, 614 

82, 928 

77 



710 
1,125 
3,311 

729 

2,886 



11,808 
14, 833 
87, 068 
36, 289 

91, 702 
1,560 



66.76 
62.16 
68.27 
66.51 

63.75 
10.43 



703, 428 
5, 064, 703 
9, 946, 860 
1, 903, 785 

4, 864, 478 
3,720 



710, 156 



24,969 



312,882 



68.63 



36. 494, 664 



Industrial groups 



Returns with no net 
income— Continued 



Deduc- 
tions > 



Deficit 



Returns with no in- 
come data— Inac- 
tive corporations 



Number 



Percent 

of group 

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 



270, 907 
1, 466, 733 



40, 253 
173, 879 



1,029 
4,705 



10.20 
25.64 



2, 043, 832 

232, 754 

34. 903 

2, 145, 481 
237, 445 
123, 875 
637, 627 
358, 139 
605, 854 

2, 996, 851 
279, 653 

3, 071, 327 
382, 770 



65, 807 

16,355 

1,221 

100, 258 

9,009 

6,989 

53,628 

31,994 

45, 978 

114,331 

31,216 

169. 108 

30, 433 



780 
335 

20 
273 

67 

34 
260 

72 
522 
463 
190 
728 
793 



5.83 
10.21 
5.17 
1.74 
2.77 
6.38 
3.80 
3.12 
4.04 
6.81 
4.79 
3.66 
11.99 



13, 150, 510 



666, 326 



4,537 



4.72 



759. 165 
5, 636, 751 
10, 248, 112 
2, 172, 303 

* 6, 246, 070 
12, 888 



65, 737 
672, 047 
301, 252 
268, 618 

1, 381, 693 
9,168 



1, 637 
3,004 
4,545 
4,913 

18,910 
13, 238 



9.26 
10.56 
3.04 
9.01 

13.15 

88.48 



39, 963, 438 



3, 468, 774 



56, 618 



10.69 



For footnotes, see p. 6. 



STATISTICS OF INCOME 



NET INCOME AND DEFICIT CLASSES 



The following table shows for corporation returns, by net income 
and deficit classes, the number of returns, net income or deficit, 
income tax, excess-profits tax, and percentages; also the number of 
returns filed for inactive corporations showing no income data. 



Corporations, 1935, by net income and deficit classes: number of returns, net income 
or deficit, income tax, excess-profits tax, and percentages, for returns with net 
income and no net income; also number of inactive corporations 

[Net income and deficit classes and money figures in thousands of dollars] 





Returns with net income 


Net income classes 


Returns 


Net income 


Income tax 


Excess-profits tax 




Number 


Percent 


Amount 


Percent 


Amount 


Percent 


Amount 


Percent 


Under 1 ... 


68, 392 

19,971 

11,995 

7,820 

5,715 

16, 014 

7,818 

4,653 

3,280 

7,547 

4,840 

3,445 

1,335 

696 

597 

71 

42 


41.65 

12.16 

7.30 

4.76 

3.48 

9.75 

4.70 

2.83 

2.00 

4.60 

2.95 

2.10 

.81 

.42 

.36 

.04 

.03 


22, 692 

28, 820 

29,517 

27, 097 

25, 552 

114, 074 

95, 733 

80, 779 

73, 201 

266, 200 

339, 824 

532, 638 

464,391 

485, 093 

1, 166, 034 

509, 295 

903, 782 


0.44 

.56 

.57 

.52 

.49 

2.21 

1.85 

1.57 

1.42 

5. 16 

6.58 

10.31 

8.99 

9.39 

22.58 

9.86 

17.50 


3,119 

3, 960 

4,057 

3,722 

3,512 

15, 668 

13, 159 

11, 100 

10,049 

36, 581 

46, 703 

73, 240 

63, 858 

66, 712 

160, 418 

70, 028 

124, 270 


0.44 

.56 

.57 

.53 

.49 

2.21 

1.85 

1.56 

1.42 

5.15 

6.58 

10.31 

8.99 

9. .39 

22.59 

9.86 

17.50 


66 

112 

125 

136 

135 

655 

574 

511 

414 

1,654 

2,053 

3,243 

2,468 

2,092 

3,600 

1,920 

5,190 

20 


0.26 


1-2 


.45 


2-3 


.50 


3-4 


.54 


4-5 


.54 


5-10 


2.62 


10-15 .. 


2.30 


15-20 


2.05 


20-25 


1.66 


25-50 


6.63 


50-100 


8.22 


100-250 


12.99 


250-500 


9.88 


500-1,000 . 


8.33 


1,000-5,000... 


14.42 


5,000-10.000 


7.69 


10.000 and over . 


20.79 


Excess-profits tax on re- 
turns with no net in- 
come ' 


.08 


















Total 


164, 231 


100.00 


6, 164, 723 


100. 00 


710, 156 


100.00 


24, 969 


100.00 








flcit class 


3S 




Returns with no net income 


De 


Returns 


Deficit 




Number 


Percent 


Amount 


Percent . 


Under 1. 


164, 179 

43, 106 

23, 492 

14, 579 

10, 093 

23, 682 

9,636 

5,271 

3,406 

7,369 

3,952 

2,466 

812 

429 

356 

32 

22 


52.47 
13.79 
7.50 
4.66 
3.23 
7.56 
3.08 
1.68 
1.09 
2.36 
1.26 
.79 
.26 
.14 
.11 
.01 
.01 


51, 841 

62,247 

57, 742 

50,578 

45, 217 

166, 531 

117, 556 

90, 821 

76, 081 

255, 803 

274. 521 

373, 603 

280, 113 

293, 646 

711,673 

219, 798 

341, 003 


1.49 


1-2.... 


1.79 


2-3 


1.66 


3-4 


1.46 


4-5. 


1.30 


5-10_ 


4.80 


10-15 


3.39 


15-20 


2.62 


20-25 . . 


2.19 


25-50 


7.37 


50-100 


7.92 


100-250 


10.77 


250-500.... 


8.08 


500-1,000 


8.47 


1,000^,000 


20.52 


5,000-10,000.. 


6.34 


10,000 and over 


9.83 












Total. 


312, 882 


100. 00 


3, 468, 774 


100.00 




ata— Inac 


tive corpo 








56, 518 























• See article 1(d), Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by 
section 702 of the Revenue Act of 1934." 



3 STATISTICS OF INCOME 

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

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 through 1935 is shown 
below. These amounts, although tax credits, are not deducted from 
the income tax liability shown m the tables in this report (see para- 
graph numbered 2, p. 2). The amounts of the income and profits 
taxes paid to foreign countries 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." 

The Kevenue Act of 1934 provides that a domestic corporation may 
credit mcome and profits taxes paid to foreign countries or United 
States possessions against its income tax liability to the United 
States or may include such taxes in deductions from gross income. 
When used as a credit, the amount can not exceed the proportion of 
the total tax against which the credit is taken that the taxpaj^er's 
net income from sources without the United States bears to the tax- 
payer's entire net income; but when reported in deductions from 
gross income, the total amount of such foreign taxes may be included. 
For limitations under the various revenue acts affecting the tax 
credit or the deduction from gross income of income and profits 
taxes paid to foreign countries or United States possessions, see 
page 103 in the section of this report entitled "Revenue Acts of 1913- 
1934 and certain tax provisions of the National Industrial Recovery 
Act (1933) ; also the special excise tax under the Act of August 5, 1909." 

Corporations, 1925-1935: income and profits taxes paid foreign countries or United 
States possessions reported as a tax credit 



Year: Amount I Year: 



1925 $20,139,995 

1926 21,653,994 

1927 24,236,955 

1928 32,487,634 

1929 35,221,708 

1930 29,138,867 



1931 $18,975,743 

1932 '7,275,029 

1933 18,640,265 

1934 28,428,351 

1935 32,204,227 



1 Revised figures. See Statistics of Income for 1933, p. 37. 

DIVIDENDS PAID 

Dividends paid on the capital stock of domestic corporations, as 
reported on the corporation income tax returns for 1935, are: cash 
$5,940,620,077, and stock $135,851,394. Cash dividends paid in- 
creased from 1934 by $1,081,240,669, or 22.3 percent, and stock 
dividend payments decreased by $78,911,375, or 36.7 percent. 

Amounts specifically designated as stock dividends in item 15 on 
schedule L, Form 1120, are tabulated as such. All other dividends 
(except liquidating) are tabulated as cash dividends, with the result 
that the latter include dividends paid in other property as well as in 
cash. 

In basic table 1, pages 32-33, the cash and stock dividend pay- 
ments are exliibited by States for returns with net income and with 
no net income; in basic table 3, pages 40-51, they are recorded by 



STATISTICS OF INCOME 



major industrial groups for returns in the aggregate as well as for 
those with net income and with no net income; and in basic table 5, 
pages 60-65, the amounts reported on returns with balance sheets, 
grouped by size of total assets, are likewise shown in the aggregate 
and for the same two subclasses of returns. Cash and stock dividends 
paid by all corporations, and by corporations with net income and 
with no net income, for the years 1922 through 1935, are as follows: 

Corporations, 1922—1935: cash and stock dividends paid ' 
[Thousands of dollars) 



Year 


Aggregate 


Returns with net 
income 


Returns with no net 
income 


Cash 
dividends 


Stock 
dividends 


Cash 
dividends 


Stock 
dividends 


Cash 
dividends 


Stock 
dividends 


1922 - -. .- ..- - - 


3,436.715 
4,169,118 

4, 338, 823 
5, 189. 475 
5, 945. 293 

2 6,423, 176 

2 7, 082, 723 

2 8, 519, 812 

2 8,184,241 

6,151.082 

3. 885, 601 

3,127,459 

2 4, 859, 379 

5, 940, 620 


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, 013 
211,763 
135, 851 


3, 182, 870 
3, 820, 620 

3. 994. 991 

4, 817. 301 
5.530.211 

2 5, 785, 476 
2 6, 594, 169 
2 S, 005, 952 
2 6. 823, 050 

3, 871. 880 
2. 320, 386 
2. 3<t5, 889 

2 3. 822, 599 

4, 651, 002 


3, 166, 916 

787, 167 

466, 820 

502, 490 

716, 219 

2 642, 178 

509, 853 

1, 193, 896 

250. 499 

77,887 

89, 955 

80,450 

173,419 

112, 162 


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 

1, 289, 618 


181 134 


1923 


104 118 


1924 


43, 706 
41 942 


1925 


1926 


41 430 


1927 


60 323 


1928 

1929 

1930 

1931 


40.275 
94,747 
163,681 
85,644 
53 122 


1932 .- -. 


1933 


21 593 


1<)34 


41 344 


1935 


23 689 







f ' 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, p. 329. For 1928, the amount of cash dividends 
paid by corporations reporting net income in the "food products, beverages, and tobacco" group in North 
Carolina is increased by $9,000,000. For 1929, see Statistics of Income for 1934. Part, 2, p. 9, footnote 2. 
For 1930, the amount of cash dividends paid by corporations reporting net income, in the "construction" 
group, in Pennsylvania, is decreased by $18,000,000. For 1P34, the amount of cash dividends paid by 
corporations reporting net income and submitting balance sheets with total a.'^sets of under $50,000 (for 
which consolidated returns were not filed for 1933), in the "finance" group, in Wisconsin, is decreased by 
$30,000,000. 

For statement of the effect on dividend payments of the discon- 
tinuance of the privilege of filing consolidated returns under the 
Revenue Act of 1934, see Statistics of Income for 1934, Part 2, Cor- 
poration Income and Excess-Profits Tax Returns and Personal Hold- 
ing Company Returns, page 10. 

COMPILED RECEIPTS AXD COMPILED DEDUCTIONS 

In the table on page 11 there appears a summary of compiled 
receipts and compiled deductions for the 477,113 returns of active 
corporations, with segregation of those submitting and those not 
submitting balance sheets. Similar statistics for all active corpora- 
tions without this segregation, by major industrial groups and by 
returns with net income and with no net income, are presented in 
basic table 3, pages 40-51. For returns with balance sheets, the 
same information is given by major industrial groups in basic table 4, 
and by assets classes in basic table 5, except that in table 4 the figures 
for corporations with net income and with no net income are not 
combined. The tables show also compiled net profit (or compiled 
net loss), net income or deficit, income tax, excess-profits tax, total 
tax, and compiled net profit after deducting total tax. 



10 STATISTICS OF INCOME 

Compiled receipts comprise gross sales, gross receipts from opera- 
tions (where inventories are not an income-determining factor), tax- 
able interest 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 
obUgations). Compiled receipts differ from gross income, as the two 
terms are used in this report, only by the amount of the tax-exempt 
interest included in the former item. 

Compiled deductions comprise cost of goods sold, cost of operations, 
compensation of officers, rent paid on business property, interest paid, 
taxes paid (excepting income tax and other disallowed taxes), bad 
debts, depreciation, depletion, net loss from the sale of capital assets 
(real estate, stocks, bonds, etc.), and items not classified, including 
amounts of negative income (i. e., transfers of losses reported under 
income items) grouped as "other deductions." Compiled deductions 
differ from deductions, as the two terms are used in this report, only 
by the amount of dividends received on stock of domestic corporations 
excluded from the former item. 

Compiled net profit is the excess of compiled receipts over compiled 
deductions, and is larger than net income, as the term is used in this 
report, by the amount of tax-exempt interest and dividends received 
on stock of domestic corporations. Compiled net loss is the excess of 
compiled deductions over compiled receipts and is smaller than deficit, 
as the term is used in this report, by the amount of tax-exempt interest 
and dividends received on stock of domestic corporations. 

The amounts tabulated as "cost of goods sold" and "cost of opera- 
tions" (items 2 and 5, respectively, on the face of the return) include 
salaries and wages, taxes, and depreciation only to the extent that these 
deductions are reported as part of such costs. Amounts of these items 
which may be allocable to "cost of goods sold" or to "cost of operations" 
but which are reported elsewhere on the returns are tabidated under 
"other deductions," in the case of salaries and wages, and under taxes 
paid or depreciation in the case of the other two items. If any deduc- 
tion items other than these three are reported in "cost of goods sold" 
or "cost of operations," adjustment is made, and the items are trans- 
ferred to their appropriate classifications. 

The deduction item "compensation of officers" excludes the amounts 
paid to the officers of life insurance companies whicli file Form 1120L. 
There is no provision on Form 1120L for reporting this item, and from 
the annual statement submitted with the return it is not possible to 
obtain the compensation of officers separately. 

The net loss from sales of capital assets is limited by law to an 
amount not in excess of $2,000, after deduction of the gain from such 
sales. The definition of capital assets, the limitation on net capital 
loss, and the corporations which are exempt from this limitation, 
effective forreturnswithyears ended December 31, 1934, and thereafter, 
are indicated in the section of this report entitled "Revenue Acts of 
1913-1934 and certain tax provisions of the National Industrial 
Recovery Act (1933); also the special excise tax under the Act of 
August 5, 1909," page 104, footnote 5(c). 



STATISTICS OF INCOME 



11 



Corporations, 19S5: 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, for returns in the aggregate and for those submitting 
and not submitting balance sheets 

[Money figures in thousands of dollars] 



Aggregate 



Corporations 

submitting 

balance 

sheets 



Corpora- 
tions not 
submitting 
balance 
sheets 



Number of returns 

Receipts, taxable income: 

Gross sales ' 

Gross receipts from operations ' 

Interest 

Rents 

Net capital gain.. 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations 3... 

Total compiled receipts * 

Deductions: 

Cost of goods sold « 

Cost of 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 



477, 113 



415, 205 



61,903 



85, 331, 621 
19, 789, 605 
2, 566, 032 
1, 643, 129 
469, 908 
1, 122, 288 

3, 013, 587 
713, 546 



83, 878, 828 
19, 005, 169 
2, 503, 971 
1, 545, 627 
452, 336 
1, 096, 424 

2, 917, 244 
698, 897 



1, 452, 793 
784, 436 
62, 061 
97, 502 
17, 573 
25,864 

96,344 
14, 649 



114, 649, 717 



112, 098. 495 



2, 551, 222 



19 



279, 468 
190, 349 
344, 955 
542, 056 
260, 905 
627, 719 
964, 984 
351, 724 
349, 184 
238, 969 
076, 321 



65, 061, 564 
8, 864, 467 
2, 266, 969 
1, 488, 725 
3, 160, 039 

2, 561, 438 
928, 066 

3, 273, 223 
337, 821 
179, 276 

18, 477, 309 



1, 217, 905 
325, 882 

77, 986 
53, 331 

100, 866 
66, 281 
36, 918 

78, 501 
11,363 
59, 693 

599, 012 



109, 226, 634 



106, 598, 894 



2, 627, 739 



5, 423, 083 
1, 695, 950 

710, 156 
24, 969 

735, 124 
4, 687, 959 
5, 940, 620 

135,851 



5, 499, 601 
1, 883, 460 

696, 958 
24, 583 

721, 541 
4, 778, 059 
5, 895, 675 

135, 030 



10 76, 517 
i» 187, 510 

13, 198 

385 

13, 583 

11 90, 101 
44,945 

822 



1 Gross sales where inventories are an income-determining factor. For "cost of goods sold," see "deduc* 
tions." 

2 Gross receipts from operations where inventories are not an income-determining factor. For "cost of 
operations," see "deductions." 

' Includes obiieation? of States and Territories, or political subdivisions thereof, obligations of instrumen- 
talities of the United States, and obligations of the United States or its possessions. 

* Excludes nontaxable income, other than interest on tax-exempt obhgations and dividends on stock of 
■domestic corporations as reported in schedule L of the return. 

5 Includes taxes reported in "cost of goods sold." For method of tabulation see p. 10. 

6 Includes taxes reported in "cost of operations." For method of tabulation see p. 10. 
' Excludes compensation of officers of life insurance companies which file Form 1120L. 

* Excludes taxes reported in "cost of goods sold" and "cost of operations." 

' For limitation on amount of net capital loss that may be reported, see section of this report entitled 
"Revenue Acts of 1913-1934 and certain tax pro\isioiis of the National Industrial Recovery Act (1933); 
also the special excise ta\ under the Act of August 5, 1909," p. 104, footnote 5(c). 

I" Compiled net loss or deficit. 

II Compiled net loss plus total tax. 



ASSETS AND LIABILITIES 

In the first and second following tables are shown respex^tiyely: (1) 
A summary statement of the principal assets and liabilities as of 
December 31, 1935, or the close of the fiscal year nearest thereto for 
415,205 out of 477,113 returns of active corporations; and (2) the 
number of returns and the number of balance sheets tabulated, by net 
income and deficit classes. The difference between the number of 



12 



STATISTICS OF INCOME 



returns and the number of balance sheets tabulated represents returns 
of corporations which did not submit balance sheets, or for which 
data were fragmentary. In basic table 4, pages 52-59, the prin- 
cipal assets and liabilities are shown by major industrial groups. 
This table also includes items of compiled receipts and compiled de- 
ductions for active corporations which submitted balance sheets. 
For descriptive statement of compiled receipts and compiled deduc- 
tions, see pages 9-10. 



Corporations siihmitting balance sheets, 1935: number of returns, assets and liabili- 
ties as of December 31, 1935, or close of fiscal year nearest thereto, for returns in 
the aggregate and for those with net income and with no net income ^ 

[Money figures in thousands of dollars] 



Number of returns with balance sheets 

Assets: 

Cash (in till and deposits in banks) 

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

Inventories 

Tax-exempt investments— Obligations of States and Terri- 
tories or political subdivisions, obligations of instru- 
mentalities of the United States, and obligations of the 
United States or its possessions 

Investments, other than tax-exempt— Stocks, bonds, mort- 
gages, loans, real estate, etc - - , 

Capital assets— Land, buildings, equipment, etc. includ- 
ing depletable assets (less reserves for depreciation and 
depletion) 

Other assets 

Total assets -. 

Liabilities: 

Notes and accounts payable 

Bonded debt and mortgages -.- 

other liabilities 

Capital stock: 

Preferred 

Common. 

Total capital stock , 

Surplus and undivided profits. , 

Less deficit 

Net surplus 

TotalU abilities 



Aggregate 



415, 205 



23, 664, 493 



38, 690. 461 
14, 788, 391 



21, 863, 241 
90, 163, 144 



100, 479. 871 
13, 500, 630 



303, 150, 231 



25,331,692 
49.821,895 
89. 065, 508 



19,533,151 
82, 732, 838 



102. 265, 989 



48. 828. 065 
12,162,918 



36, 665. 147 



303, 150, 231 



Returns 
with net 
income 



153, 075 



8,961,115 



17, 413, 103 
10, 205, 024 



5, 036, 723 
29, 519, 092 



45, 386, 789 
5, 785, 273 



122, 307, 120 



11,632,338 

16, 623, 599 

17, 857, 404 



9,012,769 
41, 377, 226 



27,315,494 
1,511,711 



25. 803. 783 



122, 307, 120 



Returns 
with no 

net 
income 



262. 130' 



14, 703, 377 

21, 277, 358 
4, 583, 367 



16, 826, 5ir 
60, 644, 052 



55, 093, 082 
7, 715, 357 



180,843,111 



13, 699, 354 
33, 198. 296 
71, 208, 104 



10. 520. 381 
41, 355, 612 



51, 875, 993 



21.512,571 
10, 651, 207 



10, 861, 364 



180,843,111 



t Excludes returns for inactive corporations and returns with fragmentary balance sheet data. 



STATISTICS OF INCOME 



13 



Corporations, 1935, by net income and deficit classes: number of returns and number 
of balance sheets, for returns with net income and with no net income 



Net income and deficit classes 
(Thousands of dollars) 



Under 1 

1-2 

2-3 

3-4.. 

4-5. 

5-10 

10-15.. 

15-20 - 

20-25 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000 and over- 



Total 

Returns with no income data — Inactive 
corporations 



Returns with net income 



Number 

of 
returns 



68, 392 

19, 971 

11,995 

7,820 

5,715 

16,014 

7,818 

4,653 

3,280 

7,547 

4,840 

3,445 

1,335 

696 

597 

71 

42 



164, 231 



Number 

of 
balance 

sheets 



60, 618 

18, 844 

11, 471 

7,513 

5,507 

15, 562 

7,648 

4,550 

3,211 

7,387 

4,731 

3,350 

1,302 

682 

588 

69 

42 



Percent of 
balance 

sheets to 
returns 



88.63 
94.36 
95.63 
96.07 
96.36 
97.18 
97.83 
97.79 
97.90 
97.88 
97.75 
97.24 
97.53 
97.99 
98.49 
97.18 
100. 00 



Returns with no net income 



Number 

of 
returns 



164, 179 

43, 106 

23, 492 

14, 579 

10, 093 

23, 682 

9,636 

5,271 

3,406 

7,369 

3,952 

2,466 

812 

429 

356 

32 

22 



312, 882 
56, 518 



Number 

of 
balance 

sheets 



130, 477 
36,612 

20, 530 
12, 948 

9,013 

21, 551 
8,846 
4,831 
3,126 
6,792 
3,639 
2,249 

745 

394 

326 

31 

20 



262, 130 



Percent of 
balance 

sheets to 
returns 



79.47 
84.93 
87. 39 
88.81 
89.30 
91.00 
91.80 
91.65 
91.78 
92.17 
92.08 
91. 20 
91.75 
91.84 
91.57 
96.88 
90.91 



83.78 



Balance sheet items not otherwise classified are tabulated under 
"other assets" and "other liabilities," among which are the following: 

Other assets. — Copyrights; formulas; good will; 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 con- 
tracts, 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; mterest, rents, and premiums due; 
and agents' balances. 

Other liabilities. — Deferred and suspense items; funds held in trust; 
borrowed securities; outstanding coupons and certificates; overdrafts; 
and all reserves except reserves for bad debts, depreciation, and deple- 
tion. Other liabilities of life insurance companies include the net 
value of outstanding policies 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 affect the comparability of 
asset and liability data over a period of years: Prior to 1929, "invest- 
ments other than tax-exempt" were included in "other assets" for all 
corporations; beginning with 1929 they were segregated for corpora- 
tions other than life insurance; for 1930 and subsequent years, they 
are segregated for all corporations. Over a period of 3^ears shifts 
appear under liabilities in the amounts reported as "common stock" 
and "preferred stock," because of variation in reporting these data. 
For balance sheets in which common and preferred stock are not 
reported separately, the combined amount is tabulated as "comrnon 
stock." For balance sheets reporting no par stock and not reporting 
capital stock value, the net worth is tabulated under "surplus and 
undivided profits." 
78019—38 2 



14 



STATISTICS OF INCOME 



The following table presents, by major industrial groups, the gross 
capital assets, reserves for depreciation and depletion (except on 
land), and net capital assets, secured by taking the difference between 
these two. Gross capital assets include (1) depreciable and depletable 
assets (buildings, machmery and equipment, furniture and fixtures, 
delivery equipment and natural resources) and (2) land. Attention is 
directed to the fact that the amounts of money in this table are in 
millions of dollars. 

Corporations submitting balance sheets, 1935, by major industrial groups: gross 
capital assets, reserves for depreciation and depletion, and net capital assets, for 
returns in the aggregate and for those with net income and with no net income 

[Millions of dollars] 





Aggregate 


Returns with net income 


Industrial groups 


Gross 
capital 
assets 1 


Reserves 

for de- 
preciation 

and 

depletion 

(except on 

land) 


Net 
capital 

a?sets» 


Gross 
capital 
assets ' 


Reserves 
for de- 
preciation 

and 

depletion 

(except on 

land) 


Net 
capital 
assets ' 


Agriculture and related industries 


1,565 
9,966 


337 
4,052 


1,229 
5, 914 


648 
3.608 


180 
1,576 


468 
2,032 






Manufacturing:: 

Food and kindred products 

Liquors and beverasies (alcoholic 


3,574 

645 

155 

3,-379 

303 

474 

1,688 

1,685 

1,199 

8, 335 

1,642 

11, 796 

803 


1,410 

106 
72 
1.572 
140 
227 
586 
711 

528 
3,890 

663 
5,117 

364 


2,164 

479 

82 

1,807 

163 

248 
1,101 

974 

671 
4,444 

979 
6.679 

439 


2,521 

466 
142 

1, 835 
231 
350 
684 

1,165 

805 
4,385 

827 
6,941 

508 


1,003 

128 
67 
835 
107 
170 
239 
485 

356 
2,007 

334 
3,084 

226 


1,518 
339 




76 


Textiles and their products 

Leather and its manufactures 


1,000 
124 
180 




445 


Paper, pulp, and products _-_ 

Printing, publishing, and allied 


679 
449 


Chemicals and allied products 

Stone, clay, and glass products 

Metal and its products - 


2,378 

493 

3,857 


Manufacturing not elsewhere 


282 






Total manufacturing . _ 


35, 677 


15, 446 


20, 231 


20, 861 


9,041 


11,819 






Construction .. 


848 

57, 805 
5,624 

7,633 

15, 253 
42 


363 

8,224 
1, 961 

1,601 

1,933 
16 


485 

49, 581 
3,662 

6,033 

13, 320 
26 


319 

29, 054 
3,508 

1,737 

3,841 
14 


146 

4,945 
1,220 

467 

620 
9 


174 


Transportation and other pubhc 
utilities - 


24, 109 


Trade . - 


2. 288 


Service— Professional, amusements, 


1,271 


Finance— Banking, insurance, real 
estate, holding companies, stock 


3.221 




6 








134,414 


33, 934 


100, 480 


63, 590 


18, 203 


45. 387 







For footnotes, see p. 15 



STATISTICS OF IXCOME 



15 



■Corporations suhmitling balance sheets, 1935, by major industrial groups: gross 
capital assets, reserves for depreciation and depletion, and net capital assets, for 
returns in the aggregate and for those with net income and with no net income — 
Continued 

[Millions of dollars] 



Industrial groups 



Returns with no net income 



Gross 
capital 
assets ' 



Reserves 
for de- 
preciation 

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 nd its products 

Manufacturing not elsewhere classified 

Total manufacturing , 

■Construction 

Transportation and other public utilities 

Tfade 

Service— Professional, amusements, hotels, etc 

Finance— Banking, insurance, real estate, holding companies, stock 

and bond brokers, etc 

Nature of business not given 

Grand total 



917 
6,359 



157 
2,476 



1,053 

178 

12 

1,544 
72 
124 

1,004 
520 
394 

3,949 
815 

4,855 
294 



407 

38 

6 

738 

33 

56 

347 

225 

172 

1.883 

329 

2, 033 

138 



14,816 



6, 405 



529 

28, 751 

2,116 

5,896 

11,412 
28 



217 
3,279 

741 
1,134 

1,313 

7 



70, 824 



15, 731 



760 
3,883 



646 
140 

806 
39 
68 
657 
295 
222 

2,066 
486 

2,822 
157 



8,411 



311 

25, 472 
1,375 
4,762 

10, 099 
20 



55, 093 



' Includes (1) depreciable and depletable assets (buildings, machinery and equipment, furniture and 
fixtures, delivery equipment, and natural resources) and (2) land. 
' Net capital assets are also tabulated in text table on p. 12 and in basic tables 4, 5, and 6. 



ASSETS AND LIABILITIES, COMPILED RECEIPTS AND COMPILED DEDUCTIONS BY 

TOTAL ASSETS CLASSES 

For corporations submitting balance sheets, classified by total 
assets classes, the following table shows for all returns and for returns 
with net income and with no net income, the number of returns, 
total assets as of December 31, 1935, or the close of the fiscal year 
nearest thereto, total compiled receipts, compiled net profit or net 
loss, and net income or deficit. In basic table 5 there is shown, in 
addition, the principal assets and liabilities and the principal items of 
compiled receipts and compiled deductions. In basic table 6 selected 
items of the same character are presented for corporations submitting 
balance sheets, further classified by major industrial groups. 



16 



STATISTICS OF INCOME 



These data are compiled from 415,205 returns filed by corporations 
that submitted balance sheets. The difference between this number 
and 477,205 active corporations represents returns of corporations 
that did not submit balance sheets, or for which balance sheet data 
were fragmentary. 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 pp. 110-115) 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. For a descriptive statement 
of assets and liabilities, see pages 11-14, and of compiled receipts 
and compiled deductions, see pages 9-10. 

Corporations svhmitting balance sheets, 1935, by total assets classes: number of 
returns, total assets, total compiled receipts, compiled net profit or net loss, and net 
income or deficit, for returns in the aggregate and for those with net income and 
with no net income 

[Total assets classes and money figures in thousands of dollars] 



Total assets classes 


Number 
of returns 


Total assets- 
Total liabil- 
ities 


Total com- 
piled re- 
ceipts ' 


Compiled 
net profit 
or net loss ^ 


Net income 
or deficit 




Aggregate 


Under 50 -- 


227, 545 

58, 434 

58, 208 

28, 605 

18, 102 

18, 407 

2,769 

2,393 

742 


4,130,934 
4,160,989 
9, 204, 107 
10,076,113 
12,704,713 
38, 297, 987 
19, 342, 155 
49, 079, 927 
156, 153, 305 


9,364,331 

6, 089, 372 
9,687,711 

7, 887, 888 
8, 014, 278 

18, 445. 830 
7, 433, 950 
16, 385, 542 
28, 789, 563 


3 183, 3.56 

3 9, 787 

71,617 

131,631 

178, 168 

673, 773 

342, 862 

1,201,663 

3, 093, 030 


3 189, 386 


50-100 -- 


3 15, 505 


100-250 . 


47, 420 


250-500 


92, 165 


500-1 000 


109, 264 


1,000-5,000. 


332, 102 


5 000-10 000 - 


155, 074 


10 000-50 000 - -- 


605, 230 


50 000 and over 


747, 095 






Total 


415, 205 


303, 150, 231 


112,098,495 


5, 499, 601 


1, 883, 460 










Betu 


rns with net in 


come 




Under 50 --- 


69,7)4 

24, 953 

26, 138 

13, 058 

8, 255 

8,232 

1,241 

1,156 

328 


1, 490, 561 
1, 781, 179 
4, 152, 755 
4, 599, 136 
5, 776, 595 
17, 077, 203 
8, 691, 127 
24,018,453 
54,720,110 


4, 302, 727 
3, 750. 602 
6, 561, 740 
.5,651,414 
5, 749, 153 
13,798,515 
5, 484, 442 
12,171,429 
18, 926, 171 


115,466 

121,. 5.34 

277,315 

300, 102 

371,836 

1,064,530 

494, 953 

1,363,826 

2, 606, 053 


113, 602 


50-100 


119,038 


100-250 


267, 181 


250-500 . -. ... 


281, 569 


500-1.000 - - 


340. 696 


1,000-5,000 


917, 560 


5,000-10,000 


412, 160 


10,000-50.000 


1,077,725 


50,000 and over . 


1, 539, 145 






Total 


153,075 


122,307,120 


76,396,194 


6, 715, 614 


5, 068, 676 








Returns with no net income 


UnderSO 


157,831 

33, 481 

32, 070 

15, 547 

9,847 

10, 175 

1,528 

1,237 

414 


2,610,373 
2,379,810 
5,051,352 

5, 476, 977 

6, 928, 1 18 
21, 220, 784 
10,651,028 
25,061,474 

101. 433, 195 


5, 06), 603 
2,338,771 
3,125,971 
2, 236, 473 
2,26,5.125 
4, 647, 345 
1,949,508 
4,214,113 
9, 863, 392 


3 298, 822 
3 131,321 
3 205, 698 
3 168,471 
3 193, 668 
3 390, 757 
3 152,091 
3 162,163 
486, 978 


' 302, 988 


50-100 


» 134, 543 


100-250 


3 219, 761 


250-500 


3 189, 403 


500-1,000... 


3 231,433 


1,000-5,000- 


3 585, 458 


6,000-10,000 


3 257, 0S6 


10,000-50,000-. 


» 472, 495 


50,000 and over 


3 792, 050 






Total 


262, 130 


180,843,111 


35, 702, 301 


3 1,216,014 


3 3, 185. 21C 







1 See footnote 4, p. 11. 

3 Compiled net profit or loss Ls the difference between total compiled receipts and total compiled deduc- 
tions. 
3 Compiled net loss or deficit. 



STATISTICS OF INCOME 



17 



CONSOLIDATED RETURNS OF RAILROADS 

The privilege of filing consolidated returns, limited by the Revenue 
Act of 1934 (for taxable years ended December 31, 1934, and there- 
after) to affiliated groups of railroad corporations, was exercised for 
1935 by 63 such groups. On consohdated returns the income tax 
rate is 15% percent. 

According to section 141(d) of the Revenue Act of 1934, an affihated 
group, which has the privilege of filing a consohdated returns, means 
one or more chains of corporations connected through stock ownership 
with a common parent corporation if — (1) at least 95 percent of the 
stock of each of the corporations (except the common parent corpora- 
tion) is owned directly by one or more of the other corporations; and 
(2) the common parent corporation owns directly at least 95 percent 
of the stock of at least one of the other corporations; and (3) each of 
the corporations is either (A) a corporation whose prmcipal business 
is that of a common carrier by railroad or (B) a corporation the assets 
of which consist principally of stock in such corporations and which 
does not itself operate a business other than that of a common carrier 
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. Thus, 
the consolidated returns do not include hotels, coal mines, and other 
extraneous corporations which are owned by railroads, since under the 
law, separate returns must be filed for each of these corporations. 

In the firet following table there appears, for the 63 consolidated 
returns, a summary of 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 
dividends paid, classified by returns with net income and with no 
net income. Assets and liabilities are shown in the second following 
table for the 62 consolidated returns submitting balance sheets. 

The consohdated returns of railroads, which are all calendar year 
returns, are included in the text tables (except those for fiscal year 
returns and part year returns) and in all the basic tables in this report. 

'Consolidated returns of railroad corporations, 19S5: 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, for returns in 
the aggregate and for those with net income and with no net income 



[Money figures in thousands of dollars] 








Aggregate 


Returns 

with 

net income 


Returns 

with no net 

incon e 




63 


9 


54 






Receipts, taxable Income: 










2, 253, 519 

32, 402 

14, 049 

2,072 

7,742 

56. 534 
3,116 


322, 943 

13, 193 

1,571 

75 

239 

14, 337 
1,491 


1, 930, 577 


Interest 


19, 209 


Rents 


12, 478 




1.997 




7,504 


iReceipts. tax-exempt income: 


42, 197 




1,625 








2, 369, 434 


353, 848 


2, 015, 586 







1 See footnote 1, p. 11. 
1 See footnote 2, p. 11. 



' See footnote 3, p. 11. 
' See footnote 4, p. 11. 



18 



STATISTICS OF IKCOME 



Consolidated returns of railroad corporations, 1935: 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, for returns in 
the aggregate and for those with net income and with no net income — Continued 

[Money figures in thousands of dollars] 



Deductions: 

Cost of goods sold '. 

Cost of 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 

Stocks dividends paid. 



Aggregate 



1, 554, 618 

3,806 

6.553 

383. 974 

142. 213 

5,422 

96, 200 

159 

151 

328, 547 



2, 521, 644 



i« 152,210 

1" 211, 860 

854 

16 

870 

11 153, 080 

45, 384 



Returns 

with 

net income 



207, 035 

575 

498 

43, 486 

22. 972 

1.330 

19, 697 

79 



36, 926 



332, 598 



21. 250 

5, 422 

854 

8 

862 

20. 388 

30, 880 



Returns 

with no net 

income 



1, 347, 583 

3,231 

6,056 

340, 488 

119,241 

4,093 

76, 503 

80 

151 

291, 621 



2, 189, 046 



i» 173, 460 
lo 217, 281 



11 173, 468 
14, 504^ 



» See footnote 5, p. 11. 

« See footnote 6, p. 11. 

' See footnote 8, p. 11. 

« See footnote 9, p. 11. 

» Includes excess-profits tax of $8,254 on returns with no net income for income tax computation. (See 
article 1 (d) of Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 
of the Revenue .4ct of 1934.") A separate excess-profits tax return is required to be filed for the common 
parent and for each subsidiary in the affiliated groups of railroad corporations. 

I'' Compiled net loss or deficit. 

•1 Compiled net loss plus total tax. 



Consolidated returns of railroad corporations submitting balance sheets, 1935: 
number of returns, assets and liabilities as of December 31, 1935, or close of fiscal 
year nearest thereto, for returns in the aggregate and for those with net income and 
with no net income 

[Money figures in thousands of dollars] 



Assets and liabilities 



Aggregate 



Returns 
with net 
income 



Returns 

with no 

net income 



Number of returns with balance sheets 

Assets:! 

Cash (in till and deposits in banks) - - 

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

Inventories 

Tax-exempt investments— Obligations of States and Territories 
or political subdivisions, obligations of instrumentalities of 
the United States and obligations of the United States and 
its possessions 

Investments other than tax-exempt — Stocks, bonds, mortgages, 
loans, real estate, etc - 

Capital as-sets — Land, buildings, equipment, etc., Including 
depletable assets (less reserves for depreciation and depletion) 

Other assets , 

Total assets 



83 



217, 626 

258, 169 
157, 400 



213 
2, 857. 283 



14, 109, 100 
429, 024 



64,887 



12,819 
38, 114 



317, 693 



2, 093, 680 
29, 652 



152, 739 

245, 350 
119, 286 



205 
2, 539, 590 



12, 015, 420 
399, 373 



18, 028, 816 



2, 556, 852 



15,471,964 



STATISTICS OF INCOME 



19 



Consolidated returns of railroad corporations submitting balance sheets, 1935: 
number of returns, assets and liabilities as of December 31, 1935, or close of fiscal 
year nearest thereto, for returns in the aggregate and for those with net income 
and with no net income — Continued 

[Money figures in thousands of dollars] 



Assets and liabilities 


Aggregate 


Returns 
with net 
Income 


Returns 

with no 

net income 


Liabilities: • 

Notes and accounts payable - 


865, 297 
8, 238, 145 
1,485,115 


13, 522 
834, 256 
111,399 


851 775 


Bonded debt and mortgages 


7, 403. 889 
1,373,716 


Other liabilities 




Capital stock: 

Preferred 


631, 252 
4, 671, 257 


110, 065 
670. 872 


521 187 


Common 


4, 000, 384 




Total capital stock . . 


5, 302, 509 


780, 937 


4 521 571 






Surplus and undivided profits 


2,616,701 
478, 951 


816, 738 


1 799 963 


Less deficit 


478 951 








Net surplus .^ 


2, 137, 750 


816, 738 


1,3''1,012 






Totalliabilities 


18, 028, 816 


2, 556, 852 


15,471,964 





> See text, pp. 11-15. 



FISCAL YEAR RETURNS 



Fiscal year returns are filed by corporations whose fiscal year is 
other than the calendar year. These returns are included in all basic 
tables in this report and in all text tables except those restricted to 
part-year returns and to consolidated returns in which categories no 
fiscal year return was filed. The tabulations include all fiscal year 
returns with year ended within the period July, 1935, through June, 
1936, that were received by the Statistical Section prior to the final 
tabulation of the Statistics of Income data. 

The number of returns, net income or deficit, income tax and excess- 
profits tax are tabulated for fiscal year returns with net income and 
with no net income. In the first following table these data are classi- 
fied by the month in which the fiscal year ended, and in the second 
following table by the size of the net income or deficit. 

Fiscal year returns of corporations, 1935, by month in which fiscal year ended: 
number of returns, net income, or deficit, income tax, and excess-profits tax, for 
returns with net income and with no net income 

[Money figures in thousands of dollars] 



Fiscal year ended 



Total 
number 
of re- 
turns 



Returns with net income 



Number 



Net in- 
come 



Income 
tax 



Exce.ss- 

profits 

tax' 



Returns with no 
net income 



Number Deficit 



July 1935 

August 1935 

September 1935. 

October 1935 

November 1935. 

January 1936 

February 1936... 

March 1936 

April 1936 

May 19.36 

June 1936 



1,732 
1,794 
1,936 
2,112 
2,283 
3,721 
1, 696 
2,383 
2,305 
2,576 
5,705 



31,211 
60, 259 
45, 594 
87, 560 
59, 708 

135, 081 
68,709 
51. 489 
47, 451 
53, 105 

156, 373 



4,291 
6,910 
6,269 

12, 039 
8,210 

18, 574 
9,448 
7,077 
6,525 
7,299 

21, .501 



204 
244 
233 
887 
411 
595 
675 
464 
239 
371 
1,127 



3,184 
3,570 
3,831 
3,363 
3,034 
4,290 
3,136 
4,116 
3,697 
3,828 
7,393 



25, 681 
29, 638 
43, 947 
43, 452 
42, 344 
32. 908 
14, 273 
28, 125 
24, 179 
23, 489 
56, 221 



Total. 



71,688 28,246 786,540 108,142 



5,449 



43, 442 



364, 257 



1 Includes excess-profits tax of $1,429 on returns showing no net income for income tax computation. 
(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.") 



20 



STATISTICS OF INCOME 



Fiscal year returns of corporations, 1935, by net income and deficit classes: number 
of returns, net income or deficit, income tax, and excess-profits tax, for returns with 
net income and with no net income 

[Net income and deficit rlasses and money figures in thousands of dollars] 





Returns with net income 


Returns with no 
net income 


Net income and deficit classes 


Number 


Net in- 
come 


Income 
tax 


Excess- 
profits 
tax 


Number 


Deficit 


Under 1. 


10, 325 

3,487 

2,192 

1,414 

1,036 

2,969 

1,476 

962 

652 

1,688 

994 

697 

245 

109 

89 

5 

6 


3,663 

5,040 

5,390 

4,909 

4,041 

21. 192 

18,107 

16, 664 

14, 589 

55, 953 

69, 825 

108, 5^1 

84, 828 

75, 349 

171,084 

35, 067 

91, 656 


504 

693 

741 

675 

638 

2,913 

2,488 

2,291 

2, 003 

7,694 

9,601 

14, 930 

11,664 

10, 361 

23, 524 

4,822 

12, 603 


9 

17 

22 

22 

23 

120 

110 

96 

81 

354 

491 

804 

625 

448 

1.193 

400 

634 

1 


21,01C 

6, 213 

3,510 

2,170 

1,532 

3,654 

1, .562 

861 

596 

1,198 

615 

365 

91 

38 

25 

2 


7,177 


1-2 


9, 005 


2-3 


8,638 


3-4 


7,536 


4-5 


6,897 


5-10 .. 


25 747 


10-15 


18, 985 


15-20 


14, 790 


20-25 


13, 305 


25-50 


41, 684 


50-100 - 


41 680 


100-250 


54, 516 


250-500 

500-1,000 


30, 554 
25, 841 


1.000-5,000 


42, 545 


5,000-10,000 


15, 355 


10,000 and over 


Excess-profits lax on returns with no net 
income ' 


















Total 


28, 246 


786, 540 


108, 142 


5,449 


43, 442 


364, 257 





1 See footnote 1, p. 19. 



PART-YEAR RETURNS 



The returns filed 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 
in this report. The part-year returns tabulated herein represent 
those in which the greater part of the income period was in 1935. 

Part-year returns of corporations, 1936 

Total number of returns .._ 30, 835 

Returns with net income: 

Number 7, 868 

Net income— .— $76, 950, 241 

Income tax $10, 725, 485 

Excess-profits tax ' $280, 859 

Total tax $11, 006, 344 

Returns with no net income: 

Number 22, 967 

Deficit $166, 231, 641 

1 Includes excess-profits tax of $13 on returns with no net income for income tax computation. (See article 
l((i) of Treasury Decision 4469, "Regulations relating to the excess-profits tax imposed by section 702 of the 
Revenue Act of 1934.") 

HISTORICAL SUMMARIES 



A resume of the corporation returns showing number of returns, 
gross income, net income, deficit, tax, and the items of compiled 
receipts, compiled deductions, assets and liabilities is shown in the 
following tables. Attention is called to the fact that the amounts of 
money in the tables on pages 23-26 are in millions of dollars. 



STATISTICS OF INCOME 



21 



Corporation returns distributed by States and Territories, for the 
years 1926 tlirough 1935, showing number of returns, gross income, 
net income, deficit, and tax, for returns with net income and with no 
net income are presented in basic table 8, pages 89-99. Similar data 
are shown by major industrial groups for the years 1926 through 1935 
in basic table 7, pages 84-88. 

The data for 1934 and 1935 are not strictly comparable with those 
for prior years as a result of the extensive discontinuance of the priv- 
ilege of filing consolidated returns under the Revenue Act of 1934. 
(See section of this report entitled "Comparability with previous 
reports," p. 4, and Statistics of Income for 1934, Part 2, Corporation 
Income and Excess-profits Tax Returns and Personal Holding Com- 
pany Returns, pp. 19-29.) 

Corporations, 1909-35: total number, number with net income and with no net 
income, gross income, net income, deficit, net income less deficit, income tax, war- 
profits and excess-profits tax, and total tax; also number of inactive corporations ^ 

[Money figures in thousands of dollars] 





Number of returns 


Gross income 


Year 


Total 


With net 
income 


With no 
net in- 
come ' 


With no 
income 
data — In- 
active 
corpora- 
tions 2 


Total 


Returns with 
net income 


Returns 

with no 

net income 


1909 


262, 490 
270, 202 
288, 352 
305, 336 
316, 909 
5 299, 445 
5 366, 443 
341, 253 
351, 426 
317, 579 
320, 198 
345, 595 
356, 397 
382, 883 
398, 933 
417, 421 
430, 072 
455, 320 
475, 031 
495, 892 
509, 436 
518, 736 
516, 404 
508, 636 
504, 080 
528, 898 
533, 631 


3 52, 498 
3 54, 040 
3 55, 129 
3 61,116 
188, 866 
174, 205 
1.90,911 
206, 984 
232, 079 
202, 061 
209, 634 
203, 233 
171, 239 
212, 535 
233, 339 
236, 389 
252, 334 
258, 134 
259, 849 

268, 783 

269, 430 
221, 420 
175, 898 

82, 646 
109, 786 
145, 101 
164, 231 


* 209, 992 
4 216, 162 
< 233, 223 
^ 244, 220 
128, 043 
125, 240 
175, 532 
134, 269 
119,347 
115,518 
110, 564 
142, 362 
185, 158 
170, 348 
165, 594 
181,032 
177. 738 
197, 186 
165, 826 
174, 828 
186, 591 
241,616 
283, 806 
369, 238 
337, 056 
324, 703 
312, 882 










1910 










1911 










1912 










1913 










1914 










1915 










1916- 




35, 327, 631 
84,693,239 
86, 464, 281 
99,918.754 

118, 205, 563 
91, 249, 273 

100,920,515 
118,563,663 

119, 229, 494 
134, 260, 149 
142, 129, 853 
144, 398, 352 
152, 781, 514 
160, 621, 509 
136, 062, 059 
107, 515, 239 

81, 083, 738 
83, 642, 421 
100, 831, 253 
113, 936, 170 


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 
^ 89, 561, 495 
52, 051, 035 
31, 707, 963 
46, 752. 366 
62, 920, 954 
77, 441, 506 


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. 




7 20, 568, 068 


1926. 




24, 107, 736 


1927. 


49, 356 

52, 2S1 

53, 415 

55, 700 

56, 700 

56, 752 

57, 238 
59, 094 
56, 518 


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 


1935 


36, 494, 664 







I Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 101-105; general explanations appear on pp. 1-4. The period 1909 to 1915 
includes, to a limited extent, additions made by audit and delinquent returns filed. Taxes shown for 1909 
to 1915, inclusive, are receipts for fiscal year ended June 30 immediately following, as shown in annual reports 
of Commissioner of Internal Revenue, which receipts include fines, penalties, additional assessments, etc.; 
1916 and subsequent years, tax is amount reported on income-tax returns; taxes for 1913include income tax, 
$32,456,663; excise tax, $10,671,077 (Act of Aug. 5. 1909). 

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

3 Returns with net income in excess of $5,000 e.xemption. 

* Returns with net income not in excess of $5,000 exemption or with no net income. 

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

' Revised. For 1925, the amount of gross income for corporations reporting no net income, in the "Fi- 
nance" group, in Illinois, is decreased bv $1,930,994,942. 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 and 33; and for revised: 
flginres for 1932, see Statistics of Income for 1933, p. 37. 



22 



STATISTICS OF INCOME 



Corporations, 1909-35: total number, number with, net income and with no net in- 
come, gross income, net income, deficit, net income less deficit, income tax, war- 
profits and excess-profits tax, and total tax; also number of inactive corporations^ — 
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, 000 
3,761,000 

3, 503, 000 
4,151,000 

4, 714, 000 

3, 940, 000 

5, 310, 000 
8, 765. 909 

10, 730, 360 
8,361,511 
9,411.418 
7, 902, 655 

4, 336, 048 
6,963,811 

8, 321, 529 
7, 586, 652 

9, 583, 684 
9, 673, 403 
8,981,884 

10, 617, 741 

11, 653, 886 

6, 428, 813 

3, 683, 368 
2, 153, 113 
2, 985, 972 

4, 275. 197 
5, 164, 723 




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, 415, 872 

5, 873, 231 
457, 829 

4, 770,'035 

6, 307, 974 

5, 362, 726 

7, 621, 056 

7, 504, 693 

6, 510, 145 

8, 226, 617 
8, 739, 758 
1,551,218 

8 3, 287, 545 

« 5, 643, 574 

8 2, 547, 367 

94, 170 

1, 695, 949 


20, 960 

33, 512 

28, 583 

35, 006 

43, 128 

39, 145 

56, 994 

171,805 

503, 698 

653, 198 

743, 536 

636, 508 

366, 444 

775,310 

937, 100 

881, 550 

1, 170, 331 

1, 229, 797 

1, 130, 674 

1, 184, 142 

1, 193, 436 

711,704 

398, 994 

7 285, 576 

416, 093 

588, 375 

710. 156 




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 

3, 468, 774 




171, 805 


1917 


1, 638, 748 

2, 505, 566 
1,431,806 

988, 726 
335, 132 
6 8, 466 


2, 142, 446 


1918 


3,158,764 


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 


« 6. 976 

7,673 

24, 969 


423, 068 




596, 048 


1935 


735. 125 







1 See footnote 1, p. 21. 

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

' Revised. For 1925, the amount of gross income for corporations reporting no net income, in the "Fi- 
nance" group, in Illinois, is decreased bv $1,930,994,942. 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 and 33; and for revised 
figures for 1932, see Statistics of Income for 1933, p. 37. 

* Deficit in excess of not income. 

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

Corporations, 1932-35, by net income and deficit classes: number of returns, and net 
income or deficit, for returns with net income and with no net income ' 

[Net income and deficit classes and money figures in thousands of dollars] 





1932 


1933 


1934 


1935 


Net income classes 


Number 

of 
returns 


Net in- 
come 


Number 

of 
returns 


Net in- 
come 


Number 

of 
returns 


Net in- 
come 


Number 

of 
returns 


Net in- 
come 








P 


leturns wit! 


1 net inco 


me 






Under 1 


42, 070 

10, 403 

5,734 

3, 321 

2, 499 

6,259 

2,962 

1,796 

1,172 

2,700 

1,623 

1,159 

429 

235 

225 

59 


13, 121 

14,912 

14,081 

11,506 

11,196 

44, 505 

36, 271 

31, 158 

26, 213 

94, 913 

113, 643 

176,676 

150, 686 

165, 567 

464, 892 

783, 775 


52, 278 

13. 558 

7,481 

4,783 

3,404 

9, 143 

4.324 

2,634 

1,836 

4, 245 

2, G38 

1,958 

732 

385 

318 

69 


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 


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 


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 


68, 392 

19,971 

11, 995 

7, 820 

5,715 

16,014 

7,818 

4, 653 

3,280 

7,547 

4,840 

3, 445 

1.335 

696 

597 

113 


22, 692 


1-2 


28. 820 


2-3 


29, 517 


3-4 


27, 097 


4-5.. .-_ 


25, 552 


5-10 


114,074 


10-15 .- 


95, 733 


15-20 


80, 779 


20-25 


73, 201 


25-50 .. 


266, 200 


50-100 


339, 824 


100-250 


532, 638 


250-500 


464, 391 


,600-1,000 


485. 093 


1,000-5.000 


1,166,034 


5,000 and over 


1,413,077 


Total 


82, 646 


2, 153, 113 


109, 786 


2, 985, 972 


145, 101 


4, 275, 197 


164, 231 


5, 164, 723 







» Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 101-105; general explanations appear on pp. 1-4. Figures for returns 
with net income for 1919 and 1920 to 1924, inclusive, and for returns with net income and no net income for 
1925 to 1930, inclusive, appear in Statistics of Income for 1930, pp. 49-51. Figures for returns with net income 
and with no net income for 1931, appear in Statistics of Income for 1934, Part 2, pp. 36 and 37. 



STATISTICS OF INCOME 



23 



Corporations, 1932-35, by net income and deficit classes: number of returns, and net 
income or deficit, for returns with net income and with no net income ' — Con, 

[Net income and deficit classes and money figures in thousands of dollars] 





1932 


1933 


1934 


1935 


Deficit classes 


Number 

of 
returns 


Deficit 


Number 

of 
returns 


Deficit 


Number 

of 
returns 


Deficit 


Number 

of 
returns 


Deficit 




Returns with no net income 


Under 1 


131, 273 

48, 626 

31, 146 

22, 844 

16, 449 

44, 854 

20, 189 

11, 741 

7,458 

16, 595 

8,778 

5,592 

1,835 

934 

782 

142 


45, 683 

70, 861 

76, 892 

79, 367 

73, 621 

318,710 

246, 910 

203, 129 

166,736 

579, 563 

608, 298 

851, 933 

636, 357 

650, 386 

1, 544, 855 

1, 643, 385 


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

12, 545 
31,422 

13, 279 
7,322 
4,759 

10, 380 

5,629 

3,515 

1,222 

641 

514 

116 


50, 836 

68, :83 

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 


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 


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 


164, 179 

43, 106 

23, 492 

14, 579 

10, 093 

23, 682 

9,636 

5,271 

3,406 

7,369 

3,952 

2,466 

812 

429 

356 

54 


51, 841 


1-2 


62, 247 


2-3 


57, 742 


3-4 


50, 578 


4-6 


45, 217 


5-10 -. 


166, 531 


10-15... 


117, 556 


15-20 


90, 821 


20-25.. 


76, 081 


25-50... 


255, 803 


50-100.. 


274, 521 


100-250.. 


373, 603 


250-500 


280,113 


500-1,000 


293, 646 


1,000-5,000 


711, 673 


5,000 and over 


560, 801 


Total. 


369, 238 
56, 752 


7, 796, 6S7 


337, 056 
57, 238 


5, 533, 339 


324, 703 
59,094 


4, 181, 027 


312, 882 
56, 518 


3, 468, 774 


Returns with no in- 
come data— Inac- 
tive corporations.- 















For footnote, see p. 22. 

Corporations 1926-35: number of returns, compiled receipts and compiled deduc- 
tions, compiled net profit or net loss, and net income or deficit * 

[Money figures in millions of dollars] 





1926 


1927 


1928 


1929 


1930 


Number of returns 


" 455,320 


425, 675 


443, 611 


456, 021 


463, 036 






Receipts, taxable income: 

Gross sales 2. 


106, 206 
9,332 
3,712 

(12) 

(12) 

21, 373 

1,506 
500 


106,864 
9,420 
3,989 

(12) 
(12) 

22, 468 

1,658 
501 


112,436 
10, 334 
4,476 

(12) 
(12) 

i< 23, 619 

1,917 
H523 


118, 101 

28, 598 

5,036 

2,391 

1,315 

2,587 

2,593 
537 


M 97, 941 


Gross receipts from operations 3 


25, 267 


Interest.- 


4,707 


Rents.. 


2,480 


Net capital gain (sale of stocks, bonds, and 
other assets) - 


646 


Other receipts 


I* 2, 450 


Receipts, tax-exempt income: 

Dividends from domestic corporations 

Interest on tax-exempt obligations *... 


2,571 
"526 






Total compiled receipts ' - 


142,629 


144, 899 


H 153, 305 


161, 158 


i< 136, 588 






Deductions: 

Cost of goods sold '... 


82, 484 

(13) 
(13) 
(13) 

3,989 

1,878 

(13) 

3,270 

571 

(13) 

40, 927 


83, 487 

(13) 
(13) 
(13) 

4,375 
2,014 

814 
3, .346 

502 

(13) 

41,692 


87, 265 

(13) 

3,199 

(13) 

4,581 
2,203 

804 
3,597 

515 

(13) 

H 40, 473 


91,076 

(13) 

3,337 

(13) 

4,925 
2,222 

942 
3,871 

559 

(13) 

42, 357 


i< 76, 190 


Cost of operations ' 


(13) 


Compensation of ofiicers * 


3,139 


Rent paid on business property 


(13) 


Interest paid 


4,861 


Taxes paid other than income tax • 


2,297 


Bad debts 


980 


Depreciation. - 


3,986 


Depletion 


463 


Net capital loss (sale of stocks, bonds, and 
other assets)" 


936 


Other deductions 1 - 


n 39, 088 






Total compiled deductions.- 


133, 119 


136, 230 


i< 142, 638 


149, 289 


1*131,940 






Compiled net profit or net loss 


9,510 
7,505 


8,669 
6,510 


» 10, 667 
8,227 


11, 870 

8,740 


i< 4, 649 


Net income or deficit 


1, 551 







For footnotes, see p. 24. 



24 



STATISTICS OF INCOME 



Corporations 1926-35: number of returns, compiled receipts and compiled deduc- 
tions, compiled net profit or net loss, and net income or deficit ' — Continued 

[Money figures in millions of dollars] 



1933 



1934 



1935 



Number of returns 

Receipts, taxable income: 

Gross sales 2 

Gross receipts from 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 s 

Deductions: 

Cost of coods sold ' -.. 

Cost of operations ' 

Compensation of officers 8 

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 



459, 704 



75, 494 
21, 945 
4,122 
2,251 

299 
1,436 

1,9C9 
542 



58, 774 

(13) 

2,698 

(13) 

4,492 
2,231 
1,183 
4,003 
268 

1,702 
33, 484 



108, 834 



451, 884 



446, 842 



469, 804 



14 53, 294 

H 19, 584 

3,491 

1,926 

142 
1,387 

1,260 
554 



57, 777 

18, 982 

2,786 

1,650 

262 
1,159 

1,020 
592 



74, 309 
18, 552 
2, 696 
1,585 

243 
1,229 

2,217 
"659 



81, 638 



•4 101,490 



14 41,430 

(13) 

2,133 

(13) 

4,043 
2,087 
1,313 
3,693 

247 

1,705 
14 28,816 



43, 626 
9,420 
1,995 
1,422 
3.511 
2,124 
1,249 
3,496 
246 

1, 686 
16, 390 



57, 458 
8,670 
2,173 
1,486 
3,422 
2,162 
1,182 
3,362 
312 

297 
17, 996 



85, 164 



98, 520 



15777 
15 3, 288 



15 3, 829 
15 5, 644 



15 930 
15 2, 547 



14 2, 970 
94 



477, 113 



85, 332 

19. 790 

2,566 

1,643 

470 
1,122 

3,014 
714 



114, 650 



66, 279 
9, 190 
2,345 
1,542 
3.261 
2,628 

965 
3,352 

349 

239 
19, 076 



109, 227 



.5, 423 
1, 696 



1 Changes in the revenue acts affecting the comparabiHty of statistical data from income tax returns of 
corporations are summarized on pp. 101-105; general explanation appears on pp. 1^. 

2 P'or 1926 to 1931, gross sales for trading and manufacturing concerns. For 1932 and subsequent years, 
gross sales where inventories are an income-dotermining 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 operations" see "deductions." 

* See footnote 3, p. 11. 

' See footnote 4, p. 11. 

« See footnote 5, p. 11. 

' See footnote 6, p. 11. 

8 See footnote 7, p. 11. 

« See footnotes, p. 11. 

1" For limitation on amount of loss that may be reported 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 amoimt of loss that may he reported for 1934 and 
1935 see section of this report entitled "Revenue Acts of 1913-1934 and certain tax provisions of the National 
Industrial Recovery Act (1933): also the special excise tax under the Act of August 5, 1909," p. 104. footnote 
5(c). 

11 Includes in this year returns for inactive corporations. 

12 Included in "other receipt''." 

13 Included in "other deductions." 

14 Revised. For revised figures for 1928, see Statistics of Income for 1930, p. 238: also, for 1928, the amount 
of interest received on tax-exempt obligations by corporations reporting net income in the "Trade" group, 
in Illinois, is decreased by $70,000,000. For revised figures for 1930, see Statistics of Income for 1931, pp. 32, 
33, and Statistics of Income for 1933, p. 37; and for revised figures for 1932, see Statistics of Income for 1933, 
p. 37. For 1934, the amount of interest received on tax-exempt obligations by corporations reporting no net 
income and submitting balance sheets with total assets of $1,000,000 and under $5,000,000 (for which con- 
solidated returns were filed for 1933) in the "Trade" group, in New York, is decreased by $4,900,000. 

15 Compiled net loss or deficit. 



STATISTICS OF INCOME 



25 



Corporations suhrniiiinq balance sheets 1926-35: number of returns, assets and 
liabilities as of the end of the calendar year or close of fiscal year nearest thereto, 
compiled receipts and deductions, compiled net profit or net loss, and net income 

or deficit ^ 

[Money figures in millions of dollars] 





1926 


1927 


1928 


1929 


1930 


Number of returns with balance sheets 2 


i< 359, 449 


379, 166 


384, 548 


398, 815 


403, 173 


Assets :3 

Cash 4 


16. 802 
23, 552 
20, 939 
8,694 

(15) 

97, 523 
16 94, 669 


16, 851 
50, 959 
21, 005 
9,781 

(.5) 

104, 945 
84, 001 


21, 952 
62, 804 
20, 751 
10, 116 

(15) 

109, 931 
81, 663 


22, 371 

66, 810 
21,911 
10, 338 

" 55, 844 

116, 446 

42,057 


21 012 


Notes and accounts receivable 


69 675 


Inventories. 


18, 771 
10, 228 

83, 809 

120, 994 
19 511 


Investments, tax-exempt ' 


Investments other than tax-exempt — 
Stocks, bonds, mortgages, loans, real 


Capital assets— Land, buildings, equip- 
ment, etc.. in"luding depletable assets (less 
reserves for depreciation and depletion).. 

Other assets 






Total assets 


16 262, 179 


287, 542 


307, 218 


335, 778 


334, 002 




Liabilities:^ 

Notes and accounts pavable 


24, 042 

16 31, 801 

16 87, 076 

17, 146 

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, 870 

50, 282 
16 95 568 


Bonded debt and mortgages 


Other liabilities 


Capital stock — preferred 


19 117 


Capital stock— common 

Surplus and undivided profit. 


87, 067 
16 61 832 


Less deficit ... 


6,734 




Total liabilities. 


16 262, 179 


287, 542 


307, 218 


335, 778 


334, 002 







1931 


1932 


1933 


1934 


1935 


Number of returns with balance sheets 2 


381, 088 


392, 021 


388, 564 


410, 626 


415, 205 


Assets:' 

Cash 4 


15, 880 
48, 667 
15. 140 
10. C67 

16 75, 305 

16 114,303 

16, 534 


15,917 
39, 564 
12,372 
11,917 

75, 630 

108, 553 
16,129 


15, 236 

35, 835 
13. 597 

13, 571 

70, 474 

104, 958 

14, 535 


19, 961 
40, 529 
14,311 
19, 084 

90, 573 

102, 751 
14, 097 


23 664 


NfitPs and accounts receivablp 


38, 690 
14 788 




Investments, tax-exempt « 

Investments other than tax-exempt- 
Stocks, bonds, mortgages, loans, real 
estate, etc 


21, 863 
90 163 


Capital assets— Land, buildings, equip- 
ment, etc., including depletable assets 
(less reserves for depreciation and de- 
pletion) ... 


100 480 


Other assets ... 


13, 501 






Total assets . . 


296, 497 


280, 083 


268, 206 


301, 307 


303 150 






Liabihties:' 

Notes and accounts pavable 


23, 251 

48. 101 

16 81, 782 

16 19, 217 

79, 794 

51, 976 

7,624 


20, 562 

16 47, 222 

16 78, 730 

18, 076 

78, 413 

45, 664 

9,584 


19, 362 
45, 883 
75, 384 
18. 334 
74, 088 
44, 792 
9,696 


27, 021 
48, 604 
84, 096 
19, 976 
84, 970 
48, 986 
12, 347 


25, 332 

49, 822 


Bonded debt and mortgages. 


Other liabilities. _. 


89, 066 
19 533 


Capital stock — preferred.. 


Capital stock — common . ... ... . . .. 


82, 733 

48 828 


Surplus and undivided profit. 


Less deficit 


12, 163 






Total liabilities 


296, 497 


280, 083 


268, 206 


301, 307 


303 150 











For footnotes, see p. 26. 



26 



STATISTICS OF INCOME 



Corporations submitting balance sheets 1926-35: number of returns, assets and 
liabilities as of the end of the calendar year or close of fiscal year nearest thereto,, 
compiled receipts and deductions, compiled net profit or net loss, and net income 
or deficit ^ — Continued 

[Money figures in millions of dollars] 



Receipts, taxable income: 

Gross sales « 

Gross receipts from 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 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) '3 

Other deductions 

Total compiled deductions 

Compiled net profit or net loss 

Net income or deficit 



1931 



73, 783 
21, 206 
4,024 
2,110 

284 
1,393 

1,905 
533 



105, 238 



57, 374 

(18) 

2,574 

(18) 

4,369 
2,172 
1,153 
3,933 
261 

1,539 
32, 351 



105, 725 



IM87 
" 2, 925 



i« 52, 586 

'« 18, 640 

3,418 

1,813 

136 
1,356 

1,207 
545 



79, 701 



i« 40, 842 

(18) 

2,064 

(18) 

3,906 
2,012 
1,285 
3,624 
242 

1,538 
"« 27, 698 



"3,511 
i» 5, 262 



1933 



56, 961 

17,991 

2,713 

1,656 

253 
1,130 



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 



18 639 
19 2, 183 



1934 



72, 825 
17,913 
2.640 
1,498 

233 

1,207 

2,129 
18 650 



'« 99, 095 



56, 213 
8, 443 
2,102 
1,438 
3,339 
2,108 
1,151 
3,290 
303 

258 
17,412 



96, 058 



» 3, 037 
258 



1935 



83, 879' 
19,005 
2,504 
1, 546 

452 
1,096 

2,917 



112,098 



65, 062 
8,864 
2,267 
1,489 
3, 160 
2,561 

928 
3,273 

338 

179 
18, 477 



106, 599 



5,500' 
1,883 



1 Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 101-105; general explanations appear on pp. 1-4. 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 sheet data. 

3 Pee text pp. 11-15. 

< Includes cash in till and deposits in bank. 

» See footnote 3, p. 11. 

« For 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." 

' For 1931, gross receipts from operations other than trading and manufacturing. For 1932 and subse- 
quent years, gross receipts from operations where inventories are not an income-determining factor. For 
"cost of other operations" see "deductions." 

8 See footnote 4, p. 11. 

> See footnote 5, p. 11. 

10 See footnote 6, p. 11 . 

11 See footnote 7, p. 11. 

12 See footnotes, p. 11. 

13 For limitation on amount of loss that may be reported 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 Inclustrial Recovery Act; for limitation on amount of loss that may be reported for 1934 
and lOS."!, see section of this report entitled "Revenue Acts of 1913-1934 and certain tax provisions of the 
National Industrial Recovery Act (1933); also the special excise tax under the Act of August 5, 1909," p. 104, 
footnote 5 (c). 

i< Includes in this year returns for inactive corporations. 

15 Included in "other assets." 

i« 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. For 1934, the amount 
of interest received on taxexemtit obligations of corporations reporting no net income and submitting 
balance sheets with total assets of $1,000,000 and under $5,000,000 (U r which consolidated returns were filed 
for 1933) in the "Trade" group, in New York, is decreased by $1,900,000. 

1" In this year "investments other than tax-exempt" owned by life insurance companies were included, 
with "other as.sets" (see text p- 13). 

IS Included in "other deductions." 

i» Compiled net loss or deficit. 



STATISTICS OF INCOME 27 

PERSONAL HOLDING COMPANY RETURNS 

A personal holding company is defined under the provisions of sec- 
tion 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) gauis 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, by or for not more than five individuals. Cor- 
porations specifically exempt from this tax are as follows: (1) Corpora- 
tions exempt from income taxation (as listed in section 101 of the 
Revenue Act of 1934); (2) banks and trust companies incorporated 
under the laws of the United States or of any State or Territory, 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 computed 
without deducting dividends received (which are allowed as a deduc- 
tion for income tax purposes), but minus the sum of: (a) Federal 
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, which are not allowed as a deduction for 
income tax purposes; and (c) losses from sales or exchanges of capital 
assets which are disallowed 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 per- 
sonal holding companies; (b) amounts used or set aside to retire in- 
debtedness incurred prior to January 1, 1934, if such amounts are 
reasonable with reference to the size and terms of such indebtedness; 
and (c) dividends paid during the taxable year. 

The act imposes upon personal holding companies an additional 
graduated surtax of 30 percent of the undistributed adjusted net in- 
come not over $100,000, plus 40 percent of the amount over $100,000. 
Personal holding companies are subject to this surtax on Form 1120H 
(see facsimile on pp. 120-123) 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 1935 and for fiscal years ended in 
the period July, 1935, through June, 1936, numbered 5,075. There 
were 430 returns which showed undistributed adjusted net income and 
a surtax. No surtax liability was shown for 4,645 personal holding 
companies, which were divided into (a) 2,761 companies with no un- 
distributed adjusted net income, of which 544 companies reported 
that each shareholder included his pro rata share of the adjusted net 
income of the corporation on his individual income tax return and 
2,217 companies reported dividends distributed to shareholders and 
other credits in excess of adjusted net income and (b) 1,884 companies 
with no adjusted net income. 



28 STATISTICS OF IXCOME 

The accompanying tables are based on the returns as filed and prior 
to any revision or adjustment that may subsequently be made as a 
result of audit by the Bureau of Internal Kevenue. 

For returns Form 1120H of personal holding companies (a) with 
adjusted net income (divided into returns with surtax liability and 
the two types with no surtax liability) and (6) with no adjusted net 
income, the following table presents: number of returns, receipts, de- 
ductions not allowed on Form 1120, adjusted net income, adjusted 
net loss, credits, and surtax. In each case the returns were separated 
into those with net income and with no net income on Form 1120. 
In the tables throughout this report compiled from corporation income 
and excess-profits tax returns for 1935, the returns filed by these com- 
panies on Form 1120 were merged in the various industrial classifica- 
tions according to the predominant business activity of the corporation 
as reported on that form. 

The 430 returns of personal holding companies which report surtax 
liability show adjusted net income of $22,356,267 and dividends paid 
of $9,087,618, or 40.6 percent of their adjusted net income. The un- 
distributed adjusted net income subject to surtax is $8,785,604 and 
the surtax liability is $2,968,620. Of the 430 returns, 257 show net 
income on Form 1120. The surtax liability on Form 1120II for these 
257 returns is $1,694,568. The surtax liability for the remaining 173 
returns with vmdistributed adjusted net income but with no net mcome 
on Form 1120 is $1,274,052. 

It is not possible to determine the amount of the income tax liability 
of the individual shareholders on Form 1040 with respect either to 
the fro rata shares of the adjusted net income shown on Form 1120II, 
which were reported on Form 1040, or to the dividends distributed 
by the personal holding companies to the shareholders. 



STATISTICS OF INCOME 



29 



Personal holding companies, 1935: number of returns, receipts, deductions, adjusted 
net income or adjusted net loss, credits and surtax, for returns with adjusted net 
income and with no adjusted net income on Form 1120H and for those with net 
income and with no net income on Form 1120 

[Money figures in thousands of dollars] 





All returns 
Form 1120H 


Returns Form 1 120H with adjusted 
net income 


Returns 
Form 
1120H 




With 

net 

in- 
come 

on 
Form 

1120 


With 
nonet 
in- 
come 

on 
Form 
1120 


With un- 
distributed 

adjusted 
net income 
and surtax 

liability 


With no undistributed 
adjusted net income 


with no 

adjusted 

net income 




Pro rata 
shares re- 
ported on 
individual 
income tax 
returns of 
shareholders 


Dividends 
paid to share- 
holders and 
other credits 

exceed 
adjusted net 

income 


With 

net 

in- 
come 

on 
Form 

1120 


With 

nonet 

in- 




With 

net 

in- 
come 

on 
Form 

1120 


With 
nonet 

in- 
come 

on 
Form 

1120 


With 

net 

in- 
come 

on 
Form 

1120 


With 
nonet 

in- 
come 

on 
Form 
1120 


With 

net 

in- 
come 

on 
Form 

1120 


With 
no net 

in- 
come 

on 
Form 

1120 


come 

on 
Fom 

1120 




1,901 


3,174 


257 


173 


354 


190 


1,189 


1.028 


101 


1,783 






Receipts: 

Net income on Form 1120 

Deficit on Form 1120 ' - 


53, 889 


52," 098 

167, oeo 


5,997 
7,001 


'2,'359 
14, 753 


4,287 
2,971 


'i,'093 

4,784 


42, 162 

48, 490 


"12," 067 
124, 841 


1,442 
3,442 


36,579 


Dividends on stock of domestic 
corporations ^ 


61, S04 


22, 682 






Total. 


115,792 


114,961 


12,998 


12, 394 


7,258 


3,691 


90, 651 


112,774 


4,835 


313,898 






Deductions not allowed on Form 

1120: 

Federal income, war-profUs and 

excess-profits taxes, paid or 

accrued during the taxable 

year 


7,263 

364 

13, 328 

1,541 


1,938 
12, 619 
63, 251 

127 


853 

11 

530 

15 


474 
218 
936 

0) 


415 

1 
653 

126 


8 
161 
208 

1 


5,479 

248 

1,955 

1,184 


404 

354 

4,859 

72 


516 

104 

10, 1£0 

216 


1,053 


Contributions or gifts 


11,886 


Losses from sale of capital assets. 

Foreign income taxes (not de- 
ducted in computing net in- 
come on Form 1120), paid or 
accrued during the taxable 
year 


57, 248 
55 






Total 


22, 496 


77, 936 


1,408 


1,028 


1,195 


378 


8,867 


5,688 


11,026 


70, 241 








93, 296 


37, 026 


11,590 


10, 766 


6,063 


3,313 


81, 784 


107, 086 








6,141 


84, 139 






















Credits: 

20 percent of adjusted net in- 
come in excess of dividends 
from personal holding corn- 


17, 000 

8,786 
87, 238 


20, 364 
17, 060 
121, 304 


2, 234 

164 

4, 191 


1,761 
324 

4,897 






14, 766 
8,569 
82, 413 


18, 603 
12, 765 
105. 918 


""52 
634 


(«) 








3,971 


Dividends paid 






10,489 










Total 


113,023 


158, 728 


6,589 


6,982 






105, 747 


137, 287 


687 


14,460 










Undistributed adjusted net income. 

Amount taxable at 30 percent.. 

Amount taxable at 40 percent.. 
Surtax, Form 1120H 


5 5, 001 
5 3, 059 

5 1, 942 

6 1, 695 


" 3, 785 
5 2, 398 

5 1, 387 

6 1, 274 


5,001 
3,059 
1,942 
1,695 


3,785 
2,398 
1.387 
1,274 

































































' Deductions in excess of receipts. 
' Includes dividends from personal holding companies. 

' Deficit 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. 

78019—38 3 



30 



STATISTICS OF INCOME 



The following table shows the number of returns with adjusted net 
income distributed by adjusted net income classes: 

Personal holding companies with adjusted net income, 1935, by adptsted net income 

classes: number of returns 





Number of returns with adjusted 
net income 


Adjusted net income classes 
(Thousands of dollars) 


With un- 
distributed 

adjusted 
net income 
and surtax 

liability 


With no undistributed 
adjusted net income 


Pro rata 

shares re- 
ported on 
individual 
income tax 
returns of 
sharehold- 
ers 


Dividends 

paid to 
sharehold- 
ers and 
other cred- 
its exceed 
adjusted 
net income 


UnderS 


207 
39 
61 
41 
30 
42 
7 
3 


309 
62 
93 
45 
20 
14 
1 


643 


5-10 -- 


262 


10-25 - 


423 


25-50 - 


305 


50-100 


242 


100-500 -- 


286 


600-1,000 -- -- 


33 


1,000-5,000 


20 






3 










Total 


430 


544 


2,217 







BASIC TABLES 

Tables are continued in the following pages exhibiting in greater 
detail mformation from corporation income and excess-profits tax 
returns. 

SYNOPSIS OF CORPORATION INCOME AND PROFITS TAX RATES 

There is also included a synopsis of corporation income and profits 
tax rates and credits affecting the comparability of the data in Sta- 
tistics of Income in the section of this report entitled "Revenue Acts 
of 1913-1934 and certain tax provisions of the National Industrial 
Recoverv Act (1933); also the special excise tax under the Act of 
August 5, 1909" on pages 101-105. 
Respectfully, 

Guy T. Helvering, 
Commissioner oj Internal Revenue. 

John W. Hanes, 

Acting Secretary oJ the Treasury. 



BASIC TABLES 



CORPORATION INCOME 
AND EXCESS-PROFITS TAX RETURNS 



31 



32 



STATISTICS OF INCOME 



Table 1. — Corporations, 1935, by States and Territories: number of returns, gross 
and stock dividends paid, for returns with net income and 



[Money figures in 

[For text defining c.rtain items and 



States and Ter- 
ritories 



Alabama 

Alaska 

Arizona 

Arkansas 

California 

Colorado -.. 

Connecticut.. 

Delaware... 

Dist. 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 

Sculh Dakota 

Tennessee 

Texas 

Utah. 

Vermont 

Virginia 

Washington 

West Virginia 

Wisconsin.. 

Wyoming 



Total 

number 
of re- 
turns 



Total. 



3,725 

217 

1,555 

2,534 

25. 246 
6,660 
9,051 
2,888 
2,780 
9,863 
5,830 

798 

2,269 

35, 331 

12, 515 

8,736 

4,841 

5,252 

6,850 

3,912 

6.776 

21, 699 

16, 166 

11,214 

2,374 

15, 906 

2,978 

4,494 

968 

1,464 

26, 354 

1,133 

120, 619 

6,019 

2,752 

26, 664 
6,073 
5,813 

28, 284 
3, 577 
3,447 
2,699 
5,359 

15, 675 
2,842 
1.241 
6,876 

11, 556 
4,543 

15,916 
1,297 



Number 



633, 631 



1,306 
80 

466 
1,028 
8,623 
1,854 
2,708 

883 
1,158 
2,651 
2,381 

457 

6.53 
11,506 
4,397 
2,944 
1.832 
2,120 
2,325 
1,111 
2,324 
7, 027 
5,946 
3,683 

910 
5,305 
1, 0.53 
1,613 

227 

523 
5,670 

387 

27, 180 

2,780 

726 
9,963 
2.063 
1.702 
8,949 
1,071 
1, 394 

755 
2,128 
5,772 

901 

413 
2,742 
3,141 
1,870 
5,087 

443 



Returns with net income 



Gross 
Income ' 



251, 185 

7,914 

85, 620 

158, 696 

3, 684, 160 
440,918 

1, 226, 404 
872, 425 
375, 784 
399. 849 
504, 588 
227, 150 
84, 461 

9, 006, 547 

1,159,218 
733, 915 
491.001 
736, 180 
626, 077 
219, 382 
793.415 

3, 298, 510 

7,115.810 

1, 589, 448 
132, 141 

2, 084, 450 
159.290 
334, 669 
176,435 
112,329 

2,011,271 

46, 644 

19, 634, 755 

941,677 

67,840 

4, 991, 567 
745, 883 
327. 687 

4, 971, 903 

411,535 

275,669 

74. 962 

618, 005 

1, 920, 227 
173, e66 
81. 531 
697, 714 
639, 526 
510, 002 

1, 273, 028 
37, 844 



164,231 77,441,506 



Deduc- 
tions ' 



240, 064 

7,077 

81,218 

151, ,595 

3,318,296 
402, 580 

1, 135, 966 
743, 857 
348, 761 
377, 743 
477, 905 
195,913 
78, 026 

8, 544, 884 

1, 076, 439 
699, 284 
471, 242 
689, 495 
590, 254 
205, 972 
737, 009 

3, 075, 337 

6, 659, 284 

1,521,378 
126, 127 

1, 950, 406 
150, 668 
318,675 
173, 223 
10.5, 255 

1,830,546 

44. 493 

18, 187, 725 

871,434 

65, 604 

4,666,819 
684, 022 
313, 857 

4,622,276 

386, 138 

263, 896 

72, 756 

584, 864 

1,816,377 
164, 307 
76, 744 
640, 936 
607. 076 
475,614 

1, 210, 847 
35, 923 



72, 276, 783 



Net income 



11,121 

836 

4,401 

7,101 

265, 864 

38, 338 

90. 438 

128, 568 

27, 023 

22, 106 

26, 683 

31,236 

6, 435 

461,663 

82, 779 

34, 631 

20, 360 

46, 686 

35, 823 

13,410 

55, 806 

223, 173 

456, 526 

68, 070 

6.015 

134. 044 

a 622 

15, 994 

3, 213 

7.074 

180, 725 

2,151 

1, 447, 030 

70, 243 

2, 230 

324, 748 

61,861 

13, 830 

349,627 

25, 398 

11.774 

2, 206 

3.3, 141 

103, 850 

9,358 

4,787 

56, 778 

32, 449 

34, 388 

62, 182 

1,922 



5, 164, 723 



Income 
tax 



1,530 

115 

604 

970 

36, 557 

5, 271 

12, 434 

17,677 

3,713 

3,039 

3, 669 

4,294 

885 

63, 479 

11,382 

4,760 

2,811 

6,419 

4,923 

1,843 

7,608 

30, 686 

62, 772 

9,358 

827 

18,431 

1,186 

2,198 

442 

973 

24, 868 

296 

199, 007 

9,657 

308 

44, 650 

8,506 

1,901 

48, 072 

3.492 

1,619 

S03 

4, 557 

14, 301 

1,287 

658 

7,807 

4,462 

4,728 

8,552 

264 



710, 156 



Excess- 
profits 
tax' 



62 

11 

38 

47 

1,253 

208 

190 

588 

120 

173 

133 

56 

22 

2, 823 

720 

212 

89 

173 

313 

67 

201 

1.124 

6,143 

310 

42 

402 

54 

71 

17 

28 

374 

17 

3,881 

1.59 

24 

1,518 

330 

95 

1,159 

84 

41 

32 

175 

649 

44 

19 

156 

196 

135 

294 

13 



24,969 



1 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 
6 on face of return). Interest received on Liberty bonds, etc. (item 11 on face of return), has been de- 
ducted from grcss income as this item was not included in gross income for prior years. 

2 Includesexcessprofits tax of $19,584 en returns with no net income for income tax purposes. 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, is not allowed against net income in the compu- 
tation of the excess-profits tax. (See article 1(d) of Treasury Decisions 4469, "Regulations relating to the 
excess-profit.s tax imposed by section 702 of the Revenue Act of 1934.") 



STATISTICS OF INCOME 



33 



income, deductions, net income or deficit, income tax, excess-profits tax, and cash 
with no net income; also number of inactive corporations 

thousands of dollars] 

describing returns included, see pp. 1-4.] 











Returns 




Dividends paid 














with no 
income 






















Keturns with 


no net income 


data- 




















Inactive 


Returns with net 


Returns with no net 












corpora- 


income 


income 












tions 












Number 


Gross 
income ' 


Deduc- 
tions ' 


Deficit 


Number 


Cash 


Stock 


Cash 


Stock 




2,065 


215, 737 


231, 518 


15, 781 


355 


7,213 


369 


2,383 


5 


1 


113 


3,325 


.3, 715 


390 


24 


341 


4 


14 


5 


2 


774 
1, 324 


41, 239 
89, 846 


46, 966 
95, 530 


5,727 
5,684 


315 
182 


2,622 
4,222 


132 
280 


649 
470 




3 


134' 


4 


13, 500 


1, 600, 398 


1,771,083 


170,684 


3,123 


215, 443 


7,697 


77, 533 


4.274 


5 


3,601 


204, 970 


229, 222 


24, 252 


1,205 


35, 487 


248 


5,636 


14 


6 


5,74S 


638, 072 


694, 133 


56, 061 


595 


68, 506 


1,787 


9,401 


215 


7 


1.628 


857, 074 


934, 621 


77, 547 


377 


198,918 


273 


228, 644 


94 


8 


1 399 


230, 133 
227, 302 


243, 838 


13, 705 


223 


10, 974 
13, 123 


442 


2,575 




9 


5! 539 


258, 253 


30, 952 


1,673 


535 


5,018 


48" 


10 


3, 044 


299, 471 


318, 177 


18, 706 


405 


14, 632 


1,923 


5,371 


374 


11 


313 


21, 900 


26. 107 


4, 207 


28 


24, 250 


8,799 


1,995 


3 


12 


8!)8 


47, 137 


50, 540 


3,403 


718 


4,395 


122 


1,076 


3 


13 


20, 120 


3, 546, 361 


3, 881, 361 


335. 000 


3, 705 


282. 565 


6,354 


46, 875 


3.602 


14 


6.431 


464, 908 


506, 981 


42, 073 


1,687 


45, 720 


3,272 


4,503 


527 


15 


4.054 


258, 798 


282, 688 


23, 890 


1,738 


17, 831 


1,005 


3, 938 


208 


16 


2.663 


252, 944 


275, 314 


22, 370 


346 


52, 213 


962 


12, 687 


19 


17 


2, 661 


187, 097 


206. 878 


19, 178 


470 


30, 620 


873 


2,242 


60 


18 


3,784 


279, 803 


326, 060 


46, 257 


741 


21, 759 


2,002 


4,756 


176 


19 


2.336 


178, 297 


195, 245 


16, 949 


465 


8,964 


564 


3,608 


29 


20 


3, 663 


600, 357 


679, 489 


79, 132 


789 


59, 939 


771 


9,451 


478 


21 


13, 321 


1, 650, 133 


1,814,879 


164, 745 


1,351 


160, 023 


1,531 


30, 496 


69 


22 


8.370 


719, 647 


826, 489 


106, 842 


1,850 


308, 235 


8,531 


6,916 


178 


23 


5,847 


608, 656 


673. 043 


64, .388 


1,684 


58, 389 


2,060 


13,667 


684 


24 


1.299 


88,206 


96, 008 


7,802 


165 


2,831 


4 


710 


21 


25 


8,708 


1, 134, 0S4 


1, 260, 364 


126, 280 


1,833 


95, 470 


3,015 


17.800 


987 


26 


1,524 


50, 810 


56, 442 


5,632 


401 


5,101 


450 


598 


20 


27 


2,459 


152, 093 


165, 043 


12, 950 


422 


11, 138 


1,265 


1,491 


185 


28 


474 


24, 710 


26, 749 


2,039 


267 


6,106 


6 


1,212 


250 


29 


879 


70, 422 


75, 668 


5,246 


62 


6,219 


12 


332 


3 


30 


18,286 


1, 504, 629 


1,680,012 


175, 382 


2,398 


199, 588 


1,901 


50,973 


534 


31 


532 
82, 871 


19, 112 


20, 952 
11,920,382 


1,840 


214 


1. 339 


.546 


591 




32 


10, 925! 741 


994; 641 


10,568 


1, 715! 933 


26, 876 


477, 260 




7.440" 


33 


2,874 


306, 982 


329, 096 


22, 114 


365 


52.651 


1,165 


3,022 


200 


34 


1,463 


41, 558 


44,605 


3,047 


563 


811 


73 


243 


21 


35 


14, 973 


1,842,111 


1, 993. 843 


151, 732 


1,728 


227, 861 


5,360 


41, 195 


688 


30 


3,375 


500, 882 


540, 098 


39,216 


635 


54,298 


999 


27, 855 


95 


37 


3,208 


212, 128 


234, 266 


22, 138 


903 


5,641 


279 


975 


160 


38 


16, 416 


3, 519, 121 


3, 767, 177 


248, 056 


2,919 


317, 245 


7,609 


139,965 


441 


39 


2,197 


270, 891 


307, 647 


36, 755 


309 


21, 250 


1,167 


5,529 


9 


40 


1. 794 


134, 764 


142, 173 


7,408 


259 


5,077 


414 


2,179 


444 


41 


1,421 


38, 937 


42, 082 


3,145 


523 


897 


84 


249 


100 


42 


2,814 


227. 056 


245, 279 


18, 223 


417 


17,417 


470 


1,829 


9 


43 


8,373 


719, 347 


794, 673 


75, 325 


1,530 


112, 674 


2,008 


10,094 


175 


44 


1,451 


79, 437 


86, 532 


7,096 


490 


4,925 


50 


1,260 


17 


45 


757 


53, 377 


58, 110 


4,733 


71 


2,823 


8 


485 


1 


46 


3,639 


247, 877 


287, 580 


39, 703 


495 


45, 473 


4,854 


5,531 


193 


47 


6,196 


313, 667 


345. 264 


31, 598 


2,219 


21, 984 


1,093 


8,313 


46 


48 


2.328 


152. 547 


165. 372 


12, 825 


345 


41,962 


336 


2,350 


73 


49 


8,600 


616, 980 


681, 093 


64, 133 


2,229 


26, 867 


1,556 


7.503 


377 


50 


715 


23, 007 


24, 801 


1,794 


139 


1,038 


28 


171 




51 






312, 882 


36, 494, 664 


39, 963, 438 


3, 468, 774 


56, 518 


4, 651, 002 


112,162 


1, 289, 618 


23,689 





34 



STATISTICS OF INCOME 



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35 



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36 



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37 



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38 



STATISTICS OF INCOME 



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STATISTICS OF INCOME 



39 



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40 



STATISTICS OF INCOME 



Table 3 (Table 2, Statistics of Income for 1934, Part 2). — Corporations, 1935, by 
ductions, compiled net profit or net loss, net income or deficit, incoine tax, excess- 
with net income and with no net income 

[Money figures in 

[For text defining certain items and 

PART I. ALL 







Industrial groups 




Aggregate 


Agricul- 
ture and 
related 
indu.s- 
tries 


Miuing 

and 

quarrying 


Manufac- 
turing 




Total man- 
ufacturing 


1 


Number of returns 


477. 113 


9,055 


13,715 


91, 676 




Receipts, taxable income: 

Gross sales ' 


? 


85. 331, 621 
19, 789, 605 
2. 566. 032 
1,643.129 
469. 908 
1, 122, 288 

3, 013. 587 
713. 546 


436. 967 
109, 610 
4.104 
11,247 
2, 872 
14. 603 

10. 214 
1.491 


2, 191, 766 
268, 926 
14, 753 
23. 339 
21. 066 
33, 145 

71,711 
8,623 


46,055,311 
570, 164 
130.012 
107. 758 
54, 912 
366, 473 

613. 164 
48.812 


3 


Gross receipts from operations 2... 


4 


Interest 


,1 


Rents 


R 


Net capital gain 


T 


Other receipts.. 


8 


Receipts, tax-exempt income: 

Dividends from domestic corporations 


9 


Interest on tax-exempt obligations 3 




Total compiled receipts < 


10 


114,649,717 


591,110 


2, 633, 330 


47, 946, 605 




Deductions: 

Cost of goods sold ' 


11 


66, 279. 468 

9, 190, 349 

2, 344, 955 

1. 542. 056 

3. 260. 905 

2, 627. 719 

964, 984 

3,351,724 

349, 184 

238, 969 

19, 076, 321 


298. 660 

29. 96S 
18. 616 
15. 191 
20. 473 
21,558 

4.803 

30. 806 
6.131 
2. 945 

126, 606 


1,470,166 

127. 785 

42. 639 

13. 267 

73. 945 

92, 546 

11,991 

164. 454 

198, 104 

5,948 

363. 095 


34, 883, 534 
247, 289 
812, 046 
232. 493 
342. 360 
958, 308 
197,460 

1,288.112 

128, 303 

19, 355 

6, 308, 923 


1? 


Cost of operations ' 


13 


Compensation of officers 


14 


Rent paid on business property 


15 


Interest paid 


16 


Taxes paid other than income tax ' 


17 


Bad debts 


18 


Depreciation 


19 


Depletion 


20 


Net capital loss 8 


21 


Other deductions 




Total compiled deductions 


22 


109. 226, 634 


575. 757 


2. 563. 939 


45, 468, 183 




Compiled net profit or net loss (10 less 22) 


^3 


5, 423, 083 
1, 695, 950 


15. 354 
3. 648 


69, 391 
i» 10. 943 


2, 478, 422 
1,816,447 


24 


Net income or deficit 




Income tax 


25 


710, 156 
24, 969 


6,036 
160 


22, 400 
515 


341,355 
15,528 


26 


Excess-profits tax 




Total tax 


27 


735, 124 


6,196 


22. 915 


356. 882 




Compiled net profit less total tax (23 less 27) 

Cash dividends paid 


28 
29 


4. 687, 959 

5, 940. 620 

135, 851 


9,158 
34, 668 
3,548 


46. 475 

257. 058 

3,125 


2. 121. 540 

2, 193, 481 

49, 688 


ao 


Stock dividends paid 







For footnotes, see p. 50. 



STATISTICS OF INCOME 



41 



major industrial groups: number of returns, compiled receipts and compiled de- 
"profits tax, total tax, and dividends paid, for returns in the aggregate and for those 

thousands of dollars] 

describing returns included, see pp. 1-4 and 9-11] 
RETURNS 



Industrial groups— Continued 




Manufacturing— Continued 






Liquors and 














Food and 
kindred 
products 


beverages 
(alcoholic 
and non- 
alcoholic) 


Tobacco 
products 


Textiles and 
their prod- 
ucts 


Leather and 
its manufac- 
tures 


Rubber 
products 


Forest prod- 
ucts 


: 


12. 595 


2.947 


367 


15, 383 


2,348 


598 


6,583 


1 


9, 116, 858 


1, 299, 636 


1,087,756 


5, 755, 576 


1, 147, 116 


772, 899 


1, 268, 293 


2 


65, 393 


9,410 


1,484 


85, 488 


5,718 


1,376 


21, 344 


3 


16, 230 


1,767 


1,093 


7,473 


1,721 


4,493 


4,405 


4 


13, 742 


3,497 


747 


11,700 


1,231 


550 


6,039 


5 


4,174 


1,166 


897 


4,960 


556 


492 


3,647 


« 


47, 186 


5,758 


3,123 


32, 688 


6,016 


3,566 


10, 254 


7 


64, 876 


2,465 


16, 367 


8,689 


1,702 


5,371 


4,407 


8 


4,083 


846 


1,717 


4,716 


434 


270 


1,402 


9 


9, 332, 542 


1, 324, 546 


1. 113, 183 


5, 911, 290 


1, 164, 494 


789,017 


1, 319, 790 


10 


7, 508, 255 


747. 761 


820, 126 


4, 739, 015 


951.384 


545, 212 


978, 964 


11 


24, 15S 


3,103 


299 


56, 889 


2,506 


355 


11,594 


12 


90, 731 


23, 819 


6,359 


143, 861 


25, 605 


8,392 


39, 975 


13 


38.011 


4, 632 


1,559 


40. 557 


7,808 


3.851 


8,187 


14 


48.718 


9,075 


4,907 


32, 459 


4,597 


8,603 


18, 377 


15 


126, 259 


192, 390 


60, 115 


90, 357 


7,002 


30. 233 


21, 069 


16 


21, 983 


8,433 


1.383 


17, 227 


4. 680 


2,526 


12, 356 


17 


138, 873 


27, 748 


6,530 


118,4.30 


12, 071 


22, 138 


39. 680 


18 


289 


9 


(15) 


107 


84 




23,008 


19 


1,957 


664 


34 


3,896 


342 


206 


2,973 


20 


1, 002, 484 


212, 133 


95, 588 


583, 923 


107, 522 


138, 731 


173, 458 


21 


9,001,718 


1, 229, 766 


996, 901 


5, 826, 719 


1, 123, 601 


760, 246 


1, 329, 642 


22 


330, 824 


94, 7S0 


116,282 


84, 571 


40, 893 


28, 771 


10 9, 852 


23 


261, 864 


91, 469 


98. 198 


71, 166 


38, 757 


23, 130 


i" 15, 661 


24 


43, 670 


14,826 


13, 670 


23, 570 


6,568 


4,141 


5,221 


25 


1,584 


905 


44 


1,034 


198 


323 


222 


20 


45, 253 


15, 731 


1.3, 714 


24,604 


6,766 


4,465 


5,442 


27 


285. 571 


79, 049 


102, 568 


69, 967 


34, 127 


24,307 


11 15, 294 


28 


264, 709 


57, 715 


96, 711 


101,875 


23,394 


16, 422 


36,072 


29 


3,277 


1,353 


183 


7,495 


940 


54 


777 


30 



42 



STATISTICS OF INCOME 



Table 3 (Table 2, Statistics of Income for 1934, Part 2). — Corporations, 1985, by 
ductions, compiled net profit or net loss, net income or deficit, income tax, excess- 
with net income and with no net income — Continued 

[Money figures in 



PART I. ALL 



10 



Number of returns 

Receipts, taxable income: 

Gross siles ' 

Gross receipts from operations '.-. 

Interest 

Rents 

Net capital sain 

Other receipts 

Receipts, tax-exempfincome: 

Dividends from domestic corporations.. 

Interest on tax-exempt obligations ' 

Total compUed receipts * 

Deductions: 

Cost of goods sold * -- 

Cost of operations ' 

Compensation of officers..- 

Rent paid on business property... 

Inters! 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 

CompUed net profit less total tax (23 less 27) 

Cash dividends paid 

Stock dividends paid 



Industrial groups— Continued 



Manufacturing— Continued 



Paper, 
pulp, and 
products 



2,234 



, 452, 687 
6,640 
7,319 
3,025 
1,857 
8,645 

11, 415 
1,517 



1,493,106 



, 048, 591 

1,723 

33, 152 

11, 603 

23, 897 

19, 711 

10,727 

59, 114 

2,789 

402 

208, 137 



1, 419, 847 



73, 260 
60, 327 



12, 686 
266 



12.952 



60,308 

58,457 

2,878 



Printing, 
publishing, 
and allied 
industries 



12, 390 



1, 858, 720 

104, 476 

5,421 

11, 497 

2,877 
20, 570 

24, 527 
3,670 



2, 031, 757 



1, 223, 978 

54, 377 

97, 186 

35, 106 

18, 933 

22, 771 

21,609 

47, 677 

26 

960 

386, 878 



1, 909, 502 



122, 255 
94,058 



19, 255 
463 



19, 717 



102, 538 

96,946 

3,924 



Chemicals 
and allied 
products 



7,506 



6, 938, 786 
131,952 
25, 578 
22, 019 
12, 435 
40, 181 

257, 302 
6,850 



7, 435, 103 



4, 806, 179 

60, 801 

70, 562 

50, 166 

53, 898 

202, 824 

32, 671 

290, 934 

93, 313 

1,3S7 

1, 256, 419 



6, 919, 153 



515,949 
251, 797 



50, 340 
929 



51, 269 



464,681 

570, 738 

10, 869 



Stone, 
clay, and 
glass prod- 
ucts 



3.777 



977, 619 
11, 004 

2,785 
2,929 
4,805 
7.592 

10, 927 
2,101 



1,019,763 



656, 580 
3,046 

25, 607 
4.441 

10, 996 

15. 261 
5,866 

57, 533 

1.958 

1. 037 

166, 930 



949, 255 



70, 507 
57, 480 



12, 196 
470 



12, 666 



57,842 

63, 112 

1.303 



For footnotes, see p. 50. 



STATISTICS OF INCOME 



43 



major industrial groups: number of returns, compiled receipts and compiled de- 
profits tax, total tax, and dividends paid, for returns in the aggregate and for those 

thousands or dollars ] 

RETURNS— 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 brok- 
ers, etc. 


Nature of 
business 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




19, 128 


5,820 


16,050 


25, 433 


144,881 


49,647 


124, 933 


1.723 


I 


12, 991, 551 

112,959 

47, 383 

27, 257 

15, W2 

165, 928 

194, 972 
19, 699 


1, 387, 814 
12, 920 
4,345 
3,524 
2,004 
14, 967 

10, 145 
1,505 


526, 926 
927, 535 
5,495 
8,612 
6,047 
12, 270 

6,140 

2,880 




36, 120, 652 

812, 135 

92, 421 

87, 771 

15, 891 

329, 213 

71, 731 
0,780 








2 


11, 032, 481 
113, 937 
100, 623 
10, 618 
58,846 

268, 269 
19,240 


3, 462, 561 

14, 169 

165, 258 

9,572 

39,328 

16,832 

1,897 


12 2, 602, 706 

2, 190, 776 

1, 138, 383 

348. 689 

267, 257 

1, 955, 414 
620, 796 


3,485 
364 
138 
241 

1,152 

111 

28 


3 

4 
5 
S 
7 

S 


13, 574, 790 


1, 437, 224 


1, 495, 907 


11,604,014 


37, 539, 595 


3, 709, 617 


9, 124, 020 


5,519 


10 


9, 897, 439 

24, 344 

200, 064 

65, 258 

99, 875 

152, 605 

49, 376 

431,617 

6,605 

3,752 

1, 723, 788 


960, 051 

4,095 

46, 733 

11,313 

8,025 

17, 709 

8,626 

35, 768 

113 

1,747 

252, 930 


427, 387 

690, 409 

76, 576 

10,831 

12, 067 

11,469 

11,254 

43, 237 

448 

2,164 

207, 520 




29, 199, 721 

307, 966 

744, 841 

629, 448 

143, 533 

244, 869 

200, 691 

262. 612 

1,308 

9,331 

5, 247, 589 








11 


5, 978, 083 
95, 164 
195, 776 

1, 341, 956 
717, 537 
48, 599 

1, 032, 882 
12, 016 
26. 721 

1, 512, 673 


1, 462, 944 

179, 273 

228, 027 

2C0, 927 

149, 097 

34, 927 

210, 504 

255 

13, 618 

1. 352, 387 


" 343, 922 

13 375. 125 

166. 772 

1, 122, 793 

432,045 

452, 727 

318. 467 

2,614 

158, 366 

i< 3, 953, 299 


1,984 
675 
250 

2,850 
291 

2,532 

65<3 

5 

521 

4,230 


12 
13 
14 
15 
16 
17 
18 
19 
20 
21 


12, 654, 723 


1,347,110 


1, 493, 363 


10, 961, 408 


36, 991, 908 


3, 831, 958 


1* 7, 326, 130 


13, 988 


22 


920, 067 
705, 395 


90, 114 

78, 464 


2,543 
10 6, 477 


642, 606 
355, 097 


547, 687 
466, 176 


10 122, 340 
10 141, 070 


1, 797, 891 
10 778, 319 


10 8, 470 
10 8, 608 


23 
24 


120, 240 
8,202 


14, 973 
888 


6,772 
710 


127, 580 
1,125 


105, 495 
3,311 


17, 514 
729 


82, 928 
2,886 


77 
6 


25 
26 


128, 442 


15, 861 


7,482 


128, 705 


108, 805 


18,243 


85.813 


83 


27 


791, 624 

733, 257 

14, 437 


74, 253 

74, 074 

2,198 


10 4, 939 
29,754 
4,228 


513,900 

1,283,800 

5,553 


438, 882 
510, 102 
28,640 


11 140, 583 
71, 135 
2,275 


1, 712, 078 

1,559.639 

38, 386 


11 8, 552 
983 
409 


28 
29 
30 



44 



STATISTICS OF INCOME 



Table 3 (Table 2, Statistics of Income for 1934, Part 2). — Corporations, 1935, by 
ductions, compiled net profit or net loss, net income or deficit, income tax, excess- 
with net income and with no net income — Continued 

[Money figures in 

PART II. RETURNS 



10 



Number of returns. 



Receipts, taxable income: 

Gross sales ' 

Gross receipts from operations ^ 

Interest 1..- - 

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 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 



Industrial groups 



Aggregate 



164, 231 



442, 724 
049, 436 
832, 843 
555, 698 
297. 604 
770, 880 



1, 
77, 638, 952 



, 492, 322 
197, 446 



842, 917 
312, 824 
379, 414 
846, 388 
150, 680 
460, 334 
323, 983 
905, 432 
179, 475 
16, 181 
366, 833 



70, 784. 461 



6, 854, 491 

5, 164, 723 

710, 156 

24, 949 



735, 105 



6,119,386 

4,651,002 

112, 162 



Agricul- 
ture and 
related 
indus- 
tries 



2,321 



267, 338 

65, 297 

2,172 

5,060 

1,498 

10, 548 

7,052 
1,140 



170, 366 
7.150 
8,864 

12,211 
5, 167 

11,396 
1,580 

17, 164 

2,487 

149 

71,477 



308, 012 



52, 094 

43, 901 

6,036 

160 



6, 196 



45, 898 

31, 603 

3,544 



Mining 

and 

quarrying 



4,527 



1, 134, 796 
123, 887 
6,951 
10, 083 
13, 020 
15, 120 

27, 997 
5, 024 



1, 336, 878 



707, 509 

44, 282 

22, 149 

5,302 

15, 136 

33, 021 

3,452 

70, 826 

108, 391 

546 

130, 306 



1, 140, 921 



195, 957 

162, 936 

22, 400 

515 



22, 915 



173, 042 

196, 525 

2,824 



Manufac- 
turing 



Total man- 
ufacturing 



37, 976 



34,211,723 
258, 172 
86,317 
64, 552 
40, 220 
299, 737 

452, 890 
40, 660 



35, 454. 270 



25, 374, 074 

65, 129 

548, 738 

157, 369 

170, 913 

651, 786 

112, 100 

816, 346 

59, 932 

4,518 

4, 517, 042 



32. 477, 947 



2, 976, 323 

2, 482, 773 

341, 355 

15, 528 



356, 882 



2,619,441 

1, 850, 260 

45, 497 



For footnotes, see p. 50. 



STATISTICS OF INCOME 



45 



major industrial groups: number of returns, compiled receipts and compiled de- 
profits tax, total tax, and dividends paid, for returns in the aggregate and for those 



thousands of dollars] 
WITH NET INCOME 



Industrial groups— Continued 




Manufacturing— Continued 






Liquors and 














Food and 
kindred 
products 


beverages 
(alcoholic 
and non- 
alcoholic) 


Tobacco 
products 


Textiles and 
their prod- 
ucts 


Leather and 
its manufac- 
tures 


Rubber 
products 


Forest prod- 
ucts 




5.312 


1,466 


139 


6,129 


1,090 


286 


2,384 


1 


7, 187. 264 


1, 090. 007 


1, 054, 734 


3, 785, 139 


924. 889 


657, 845 


713, no 


2 


37, 585 


4,756 


1,204 


33, 421 


2,819 


979 


5,727 


3 


11,870 


1.545 


932 


6,122 


1,200 


4,111 


2,144 


4 


9.323 


2,841 


714 


5,869 


729 


324 


2. 555 


5 


2.899 


914 


853 


2.916 


435 


418 


2.178 


6 


40, 360 


4,850 


3,006 


22, 077 


4,747 


2,924 


5,127 


7 


51, 132 


a, 387 


16. 341 


6.807 


804 


5,261 


3,547 


8 


3, 590 


772 


1.678 


3,987 


361 


173 


897 


9 


7, 344, 030 


1, 108, 073 


1,079.462 


3. 865. 338 


935,975 


672. 034 


735. 286 


10 


6,880,774 


620, 374 


795, 664 


3, 02S. 596 


757, 608 


453, 010 


632. 400 


11 


8,533 


360 


119 


20 244 


359 


101 


2,191 


12 


60.472 


18, 246 


4,941 


90 692 


18, 504 


6,300 


21, 287 


13 


24,677 


3,088 


1,270 


22, 215 


5,575 


3,364 


3,791 


14 


30. 395 


6.300 


4, 734 


14. 752 


3,149 


7,623 


5,667 


15 


93,816 


156, 970 


58, 858 


47.618 


5,783 


25. 5S4 


10. 246 


16 


14,043 


5,774 


1.135 


9.671 


3,131 


1,543 


4,613 


17 


. 97,186 


20, 406 


6,124 


69, 954 


9, 265 


17, 815 


18. 596 


18 


184 


3 


(15) 


84 


24 




10. 479 


19 


565 


255 


15 


535 


99 


47 


228 


20 


760, 986 


165, 313 


89, 163 


378, 760 


83, 557 


121,088 


83, 375 


21 


6, 971, 631 


997, 090 


962, 024 


3, 683, 120 


887, 054 


636. 481 


692. 874 


22 


372, 399 


110.982 


117,438 


182, 218 


48. 921 


35. 553 


42.412 


23 


317,671 


107, 824 


99, 419 


171. 425 


47, 766 


30, 119 


37. 968 


24 


43, 670 


14, 826 


13, 670 


23. 570 


6,568 


4,141 


5,221 


25 


1,584 


905 


44 


1.034 


198 


323 


222 


26 


45. 253 


15,731 


13,714 


24. 604 


6,766 


4,465 


5,442 


27 


327, 146 


95, 251 


103. 725 


157.615 


42. 155 


31, 088 


36. 969 


28 


246. 537 


57, 094 


95, 728 


91. 743 


22, 339 


15,417 


29, 713 


29 


3,111 


1,328 


183 


6,431 


938 


50 


506 


30 



78019—38- 



46 



STATISTICS OF INCOME 



Table 3 (Table 2, Statistics of Income for 1934, Part 2).^ — Corporations, 1935, by 
ductions, compiled net profit or net loss, net income or deficit, income tax, excess- 
with net income and with no ?iet income — Continued 

[Money figures in 

PART II. RETURNS WITH 



f 



Number of returns 

Receipts, taxable income: 

Gross sales ' 

Gross receipts from 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 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 



Industrial groups— Continued 



Manufacturing— Continued 



Paper, 



Printing, 

Duurand Pul^lishing 
puip, ana ^^^ niHoH 
products 



, 143, 494 
4.397 
2, 3,59 
1, f)47 
770 
7,111 

5,666 
1,284 



797, 671 

1.286 

25,910 

7.022 

11.632 

13, 884 

4,225 

43, 646 

1,464 

203 

160, 514 



1, 067. 457 



99, 271 

92. 321 

12, 686 

266 



12. 952 



86,319 

56, 661 

1,448 



and allied 
industries 



4,895 



Chemicals 
and allied 
products 



3,156 



Stone, 
clay, and 
glass prod- 
ucts 



1, 383, 235 
42, 186 
4, 309 
7,164 
2,339 
16, 942 

12, 036 

3,485 



873, 069 
17,005 
62, 347 
21,432 
10. 135 
18, 090 
13, 32S 
31, 888 
18 
433 

268, 395 



1, 316. 138 



155. 557 

140, 037 

19, 255 

463 



19,717 



135, 840 

94, 177 

3,885 



4, 288, 533 
32, 098 
12,845 
12, 556 
8,715 
27, 734 

163,251 
6,103 



2,815,418 

1, 986 

51.766 

22, 930 

20, 254 

94, 042 

13. 936 

157. 006 

41,944 

660 

796, 410 



4, 016. 353 



535, 482 

366, 128 

50, 340 

929 



51.269 



484, 213 

442. 375 

10, 682 



1, 253' 



739.4491 
7,052' 
1,882: 
1,527 
4. 294 
4,390 

10,631 
1,546 



770, 770 



486. 081 

1.010 

15. 260 

2,551 

3, 537 

9,376 

3,176 

34. 139 

1,223 

165 

113, 380 



669. 899 



100, 872 

88. 695 

12, 196 

470 



12. 668 



88,206 

60, 122 

1,299 



For footnotes, see p. 50. 



STATISTICS OF INCOME 



47 



major industrial groups: number of returns, com.piled receipts and compiled de- 
profits tax, total tax, and dividends paid, for returns in the aggregate and for those 

thousands of dollars] 

NET INCOME— Contiuued 



Industrial groups— continued 




Manufacturing — contd. 


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 brok- 
ers, etc. 


Nature of; 

business ■ 
not given 




Metal and 
its products 


Manufac- 
turing not 
elsewhere 
classified 




8,426 


2,144 


4.242 


10, 600 


57, 813 


13, 358 


33, 231 


163 


1 


10, 192. 503 

78, 652 
35, 340 
17, 447 
11,861 
148, 550 

16S, 520 
15, 529 


1, 051, 519 
7,294 
2. 657 
1,858 
1,62S 
11,918 

6.508 
1,260 


198. 075 
574.910 
2,391 
2. 434 
3,316 
6,417 

2,056 
1,658 




26, 630, 793 

506. 521 

73. 904 

52, 228 

9,971 

247, 782 

61, 756 
7,850 








? 


6, 158, 895 

64, 361 

60, 108 

5.476 

33,888 

197, 344 
13, 796 


1, 739, 955 
5,734 

26, 598 
6,017 

16, 209 

9,421 
941 


12 1, 620, 864 
590, 853 
334. 599 
217, 899 
140, 774 

733, 758 
126, 366 


937 
159 
36 
186 
405 

49 
11 


3 
4 
5 
6 
7 

8 
9 


10, 668, 401 


1, 084, 642 


791, 256 


6, 533, 866 


27, 590, 805 


1.804,876 


3,765,113 


1,782 


10 


7, 631, 861 

10, 165 

141.512 

32, 880 

48. 192 

105, 361 

33, 003 

280, 863 

4,422 

1,153 

1, 314, 438 


701, 548 

1,768 

31, 496 

6,575 

4,542 

12. 159 

4,521 

23, 457 

87 

161 

181, 663 


152. 524 

411,366 

34, 596 

4,077 

3,875 

5,299 

3,038 

21, 352 

330 

248 

101, 577 




21, 438, 444 

146, 121 

456, 595 

412, 906 

85, 216 

161, 120 

119,949 

1C8, 892 

355 

2,930 

3, 761, 245 








11 


2,810,158 

57, 213 

95. 543 

573, 063 

432, 845 

20, 432 

668, 050 

6,759 

835 

730, 684 


723, 845 

94. 009 

95, 179 

31, 198 

37, 603 

9,452 

68, 524 

101 

487 

616, 669 


12 104, 456 

13 157, 024 

63, 761 

266, 086 

127, 233 

53, 969 

84, 086 

1,116 

6.464 

i« 1, 437, 520 


317 

227 
39 
25 
31 
12 

191 
3 
4 

314 


12 
13 
14 
15 
16 
17 
18 
19 
20 
21 


9, 609, 849 


967, 977 


738. 283 


5, 395, 583 


26, 753, 772 


1, 667, 066 


i< 2, 301, 716 


1,163 


22 


1, 058, 553 

874. 503 

120. 240 

8.202 


116,665 

108, 897 

14, 973 

888 


52. 973 

49. 260 

6,772 

710 


1, 138, 283 

927, 144 

127, 580 

1,117 


837, 034 

767, 428 

105, 495 

3,311 


137,810 

127, 448 

17, 514 

729 


1, 463, 398 

603, 274 

82, 928 

2,874 


619 

560 

77 

6 


23 
24 
25 
26 


128,442 


15, 861 


7,482 


128, 697 


108, 805 


18, 243 


85, 802 


83 


27 


830, 111 

666, 816 

13, 656 


100, 803 

71,540 

1,981 


45,491 

21, 083 

3,835 


1, 009, 586 

1, 200. 974 

5,290 


728, 229 

465, 333 

25, 274 


119,567 

64. 428 

1,911 


1, 377, 596 

820, 316 

23, 987 


537 
480 


28 
29 
30 







48 



STATISTICS OF INCOME 



Table 3 (Table 2, Statistics of Income for 1934, Part 2). — Corporations, 1935, by 
ductions, compiled net profit or net loss, net income or deficit, income tax, excess- 
with net income and with no net income — Continued 

[Money figures in 

PART III. RETURNS 



Industrial groups 



Aggregate 



Agricul- 
ture and 
related 
indus- 
tries 



Mining 

and 

quarrying 



Manufac- 
turing 



Total man- 
ufacturing 



Number of returns 

Receipts, taxable income: 

Gross sales ' 

Gross receipts from 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 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 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 



312, 882 



22, 888, 897 

8. 740, 170 

1, 733, 189 

1, 087, 431 

172, 305 

351, 408 

1, 521, 205 
516, 101 



37, 010, 765 



18, 436, 551 

4, 877, 525 

965, 541 

695, 668 

2, 110, 225 

1, 167, 385 

641,001 

1, 446, 292 

169, 709 

222, 788 

7, 709, 487 



8, 442, 173 



1, 431, 408 

3, 468, 774 

20 

1,431,427 

1, 289, 618 

23, 689 



6,734 



9,188 



169, 629 
44, 313 
1,932 
6,187 
1,375 
4,055 

3,162 
351 



1, 056, 970 
145, 040 
7,802 
13, 256 
8, 040 
18, 025 

43, 714 
3, 599 



231, 005 



1, 296, 452 



128, 294 
22,817 
9,762 
2,980 
15, 306 
10, 102 
3,223 
13, 641 
3, 645 
2,796 
65, 129 



762, 657 

83, 503 

20, 490 

7,964 

58, 809 

59, 525 
8,5.39 

93, 628 

89,713 

5,401 

232, 789 



267, 745 



1, 423, 018 



36, 740 
40, 253 



126, 566 
173, 879 



36, 740 

3,064 

4 



126, 566 

00. 533 

301 



53, 700 



11, 843, 588 
311,992 
43, 695 
43, 206 
14, 692 
66, 736 

160, 274 
8,152 



12, 492, 335 



9, 509, 460 

182, 160 

263, 308 

125, 124 

171, 448 

300, 521 

S5, 360 

471, 766 

08, 371 

14, 837 

1,791,881 



12, 990, 236 



497, 901 
666, 326 



497, 901 

343, 221 

4,190 



For footnotes, see p. 60. 



STATISTICS OF INCOME 



49 



major industrial groups: number of returns, compiled receipts and compiled de- 
profits tax, total tax, and dividends paid, for returns in the aggregate and for those 



thoQsands of dollars] 
WITH NO NET INCOME 



Industrial groups— Continued 




Manufacturing— Continued 






Liquors and 














Food and 
kindred 
products 


beverages 
(alcoholic 
and non- 
alcoholic) 


Tobacco 
products 


Textiles and 
their prod- 
ucts 


Leather and 
its manufac- 
tures 


Rubber 
products 


Forest prod- 
ucts 




7,2S3 


1,481 


228 


9,254 


1,258 


312 


4,199 


I 


1,929.594 


209, 029 


33, 022 


1, 970. 437 


222, 227 


115,054 


555, 183 


2 


27, 808 


4, 655 


280 


52, 007 


2,898 


396 


15, 616 


a 


4,361 


221 


160 


2. 351 


521 


382 


2,200 


4 


4,418 


657 


33 


5,831 


501 


226 


3,485 


5 


1,274 


252 


44 


2.044 


121 


74 


1,469 


6 


6,820 


907 


117 


10,011 


1,269 


642 


5,127 


7 


13, 744 


78 


25 


1,882 


898 


110 


860 


8 


487 


74 


39 


729 


83 


98 


505 


» 


1,988.512 


216, 473 


33, 721 


2, 045, 952 


223, 520 


116, 983 


584, 504 


10 


1, 627, 482 


127, 386 


24, 463 


1,710,418 


193, 776 


92. 202 


446, 564 


11 


15, 024 


2,742 


179 


36, 645 


2,147 


254 


9,403 


12 


30, 2?9 


5,573 


1,418 


53, 109 


7,101 


2,086 


18, 688 


13 


13, 335 


1, .'^.44 


289 


18, 343 


2,233 


487 


4,396 


14 


18, 323 


2, 775 


173 


17, 707 


1,449 


979 


12,710 


16 


32, 444 


35, 420 


1, 250 


42, 740 


1,219 


4,650 


10, 823 


16 


7, 939 


2, 659 


248 


7, 556 


1,549 


983 


7,742 


17 


41, 087 


7,341 


406 


48, 476 


2,806 


4,322 


21, 083 


18 


104 
1, 392 


6 
409 




23 
3, 361 


60 
243 




12, .529 
2,745 


19 


19 


l.-iS 


20 


241. 498 


46, 820 


6,425 


205, 163 


23, 965 


17, 643 


90, 083 


21 


2, 030, 087 


232, 675 


34, 878 


2,143.599 


236, 547 


123, 765 


63(J, 708 


22 


41, 575 


16. 202 


1, 156 


97, 647 


8,028 


6,782 


52. 264 


23 


55, 807 


16, 355 


1,221 


100, 258 


9,009 


6,989 


63,628 


24 
2fi 


41, 575 


16, 202 


1,156 


97, 047 


8,028 


6,782 


52, 264 


26 


18,172 


620 


983 


10, 132 


1,055 


1,006 


6,360 


27 


166 


24 




1,064 


2 


4 


271 


28 







50 



STATISTICS OF INCOME 



Table 3 (Table 2, Statistics of Income for 1934, Part 2). — Corporations, 1935, by 
• dndions, compiled net profit or net loss, net income or deficit, income tax, excess- 
with net income and with no net income — Continued 

[Money figures in 

PART III. RETURNS WITH 



Number of returns- 



Receipts, taxable income: 

Gross sales ' 

Gross receipts from operations 2 

Interest -.. 

Rents 

Net capital srain 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domestic corporations- 
Interest on tax-exempt obligations 3 



Total compiled receipts ' 



Deductions: 

Cost of soods sold ' 

Cost of 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 loss (10 less 22) 

Deficit (23 plus 8 and 9) 

Excess-profits tax « 

Conipi'ed net loss plus excess-profits tax (23 plus 

25).-.. 

Cash dividends paid 

Stock dividends paid 



Industrial groups— Continued 



Manufacturing— Continued 



Paper, 
pulp, and 
products 



309. 193 
2,243 
4,960 
1,378 
1,088 
1,534 

5,749 
233 



326, 378 



250, 919 

437 

7,242 

4,582 

12, 265 

5,827 

6,501 

15, 469 

1,325 

199 

47, 623 



352. 389 



26, 012 
31, 994 



26, 012 
1,797 
1,430 



Printing, 
publishing, 
and allied 
industries 



7,495 



475, 484 

62, 290 

1,112 

4, 333 

538 

3,628 

12, 491 
186 



560, 062 



350, 910 

37, 371 

34, 839 

13. 674 

8,798 

4.681 

8,281 

15,789 

9 

527 

118,483 



Chemicals 
and allied 
products 



4,350 



2, 650, 252 

99, 853 

12. 733 

9,464 

3. 719 

12, 447 

94, 051 
748 



2, 883, 268 



1, 990, 760 
58,815 
18, 796 
27, 236 
33, 644 

108, 782 
18, 734 

133, 928 

51, 369 

727 

460, 009 



593, 363 



33. 302 
45. 978 



33, 302 

2,769 

38 



2, 902, 800 



19. 532 
114,331 



19, 532 

128. 363 

188 



Stone, 
clay, and 
glass prod- 
ucts 



2,524 



238. 169 
3,952 

902 
1,403 

512 
3,202 

296 
556 



248. 992 



170. 499 

2,036 

10, 348 

1.890 

7,459 

5,885 

2,690 

23, 393 

735 

871 

53. 550 



279, 357 



30. 364 

31, 216 



30. 3F4 

2,990 

4 



1 Grcss sales where inventories are an income-determining factor. For "cost of goods sold," see deductions. 

' Gross receipts from operations where Inventories are not an income-determining factor. For "cost of 
operations," see "deductions." 

3 Includes obligations of States and Territories or political subdivisions thereof, obligations of instrumen- 
talities of the United States, and obligations of the United States or its possessions. 

* 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. 

« Includes taxes reported in "cost of goods sold." For method of tabulation see p. 10. 

' Includes taxes reported in "cost of operations." For method of tivliulation see p. 10. 

' Excludes taxes reported in "cost of goods sold" and "cost of operations." 

» For limit'^tion on amount of net capital loss that may be reported, see section of this report entitled 
"Revenu3 .\cts of 1913-1931" and certain tax provisions of the Nationil Industrial Recovery .\ct (1933); also 
the speciil excise tax under Act of August 5, 1909," p. 104, footnote 5 (c). 

» Excess-profits tax of ••$19,584 appears on returns with no net income for income-tax purposes. 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, is not allowed against net iiicome in the compu- 
tation of the exc''?s-i>rofits tax. (See article 1 {d) of Treasury Decision 4469, "Regulations relating to the 
excess-profits tax imposed by sec. 7U2 of the Revenue Act of 19,'!4.") 

'" Compiled net loss or deficit. For industrial group "Construction," excess of total tax over compiled 
net profit. 

'" Compiled net lo.ss, plus total tax. 

12 Includes for a limited number of returns the cost of secu-ities purchased for customers. 

13 Excludes compensation of officers of life-insurance companies which file return, Form 1120L. 
H Includes special nonexpense deductions of life-insurance companies. (See pp. 4-5.) 

» I-css than S.WO. 

>» Compiled net profit. 



STATISTICS OF INCOME 



51 



major industrial groups: number of returns, compiled receipts and compiled de- 
profits tax, total tax, and dividends paid, for returns in the aggregate and for those 

thousands of dollars] 

NO NET INCOME— Continued 



Industrial groups— Continued 




Manufacturing— C ontd . 










Finance- 
















Service — 


Banking, 












Metal and 


Manufac- 
turing not 


Construc- 
tion 


Transpor- 
tation and 
other public 
utilities 


Trade 


Profes- 
sional, 
amuse- 
ments, 
hotels, etc. 


msurance, 
real estate, 

holding 
companies. 


Nature of 
business 
not given 




its products 


elsewhere 






stock and 








classified 








bond brok- 


















ers, etc. 






10, 702 


3,676 


11,808 


14, 833 


87, 068 


36, 289 


91, 702 


1,560 


1 


2, 799, 048 


336, 295 


328, 851 




9, 489, 859 
305, 614 








?. 


34, 306 


5,626 


352, 626 


4, 873, 587 


1, 722, 606 


12 981, 842 


2,549 


3 


12, 043 


1, 688 


3,104 


49, 575 


18,617 


8.434 


1, 599, 923 


205 


4 


9,810 


1,667 


6,178 


40, 515 


35, 543 


138, 660 


803. 784 


102 


5 


3,181 


376 


2.731 


5,142 


5,920 


3,555 


130, 790 


55 


6 


17, 378 


3,049 


5,854 


24, 959 


81,431 


23, 119 


126, 482 


747 


7 


26, 4,'i2 


3,638 


4,084 


70,925 


9,975 


7,411 


1, 221, 656 


62 


8 


4.169 


245 


1,223 


5,444 


1,930 


966 


494, 430 


17 


U 


2, 906, 388 


352, 582 


704,650 


5,070,148 


9, 948, 789 


1, 904, 741 


5,358,907 


3,737 


10 


2, 265, 578 


25^, 502 


274 864 




7, 761, 277 
161, 845 








11 


14,179 


2,328 


279, 043 


3, 167, 925 


739, 099 


12 239, 466 


1,668 


12 


58, 552 


15, 237 


41,979 


37, 952 


238, 246 


86, 266 


13 218,101 


448 


13 


32, 377 


4,738 


6,754 


100, 234 


216, 541 


132,848 


103,011 


211 


14 


61,653 


3,482 


8,193 


76^,892 


53,317 


169, 728 


856, 707 


2,825 


16 


47, 244 


5,551 


6,170 


234,692 


83, 750 


111,494 


304,812 


259 


16 


16,373 


4,105 


8,217 


2'*, 167 


80, 743 


25, 475 


398, 758 


2,521 


17 


144, 755 


12,311 


21, 8S5 


364, 832 


93, 720 


151,980 


234,381 


458 


18 


2,184 


26 


118 


5,257 


953 


164 


1, 497 


2 


19 


2,599 


1,585 


1,916 


25, 886 


6,401 


13, 132 


151, 902 


517 


20 


409,350 


71,267 


105, 943 


781, 989 


1, 486, 345 


735, 718 


1*2,515,779 


3,916 


21 


3,044,875 


379,132 


755, 081 


5, 665, 825 


10, 238, 136 


2,164,892 


H 6. 024, 414 


12, 826 


22 


138, 486 


23, 550 


50, 430 


495. 67'< 


289, 347 


260, 150 


18 334, 493 


9,089 


23 


169, 108 


30,433 


55, 737 


572,047 
8 

495, 686 


301,252 


268, 618 


1, 381, 593 
11 

1« 334, 482 


9,168 


24 
25 


138. 486 


26, 550 


50, 430 


289, 347 


260, 150 


9,089 


26 


166, 441 


2,534 


8,671 


82, 826 


44, 770 


6,707 


739, 323 


503 


27 


781 


217 


393 


262 


3,367 


364 


14, 399 


409 


28 



52 



STATISTICS OF INCOME 



Table 4. — Corporations submitting balance sheets, 1935, by major industrial groups: 
nearest thereto, compiled receipts and compiled deductions, compiled net profit or 
paid, for returns xoith net income and with no net income 

[Money figures in 

[For text defining certain items and 



Number of returns with balance sheets ' 

Assets: ^ 

Cash 3 

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

Inventories , 

Investments, tax-exempt ♦ 

Investments, other than tax-exempt ^ 

Capital assets— Land, buildings, equipment, 

etc (less depreciation and depletion). 
Other assets 

Total assets 

Liabilities: 2 

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: 

Grors sales ' 

Gross receipts from 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 operations '" 

Compensation of officers 

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 



Industrial groups 



Aggregate 



Net in- 
come 



153. 075 



8,961,115 
17, 413, 103 

10, 205, 024 

5. 036, 723 

29,519,092 

45, 386, 789 

5, 785, 273 



11, 632, 338 

16, 623, 599 

17, 867. 404 
9,012.769 

41, 377, 226 

27, 315, 494 

1,511,711 



122, 307, 120 



61, 745. 827 
10, 613, 931 
804, 172 
534, 558 
288, 930 
761, 831 

1, 455, 764 
191, 175 



47. 266, 428 

4, 175, 797 

1, 356, 560 

826, 400 

1, 127, 622 

1, 432, 333 

320, 727 

1, 874, 012 

171, 040 

15, 672 

11,113,988 



69, 680, 579 



6,715,614 

5, 068, 676 

696, 958 

24. 564 



721. 522 



5, 994, 093 

4,618,152 

111,859 



No net 
income 



262, 130 



14, 703, 377 
21, 277, 358 

4. 583, 367 
16, 82(), 517 
60, 641. 052 
55, 093, 082 

7, 715, 357 



180,843,111 



13, 699, 354 
33, 198, 296 
71, 208, 104 
10. .520, 381 
41,355,012 
21,512,571 
10, 651, 207 



180,843,111 



22, 133, 001 

8, 391, 238 

1, 699, 800 

1,011,068 

163,399 

334, 593 

1, 461, 480 
507, 722 



35. 702. 301 



17, 795, 136 

4, 688, 669 

910. 409 

662, 325 

2,032,417 

1. 129, 104 

607, 340 

1,399,211 

166, 781 

163,604 

7, 303. 320 



36,918.315 



1* 1,216,014 
» 3, 185, 216 



15 1, 216. 033 

1, 277. 523 

23, 171 



Agriculture and re- 
lated industries 



Net in- 
come 



2,000 



55, 953 
58, 173 

98, 339 
34, 229 
160,216 
468, 190 

39, 166 



914, 266 



116.888 
49, 679 
53, 968 
18.642 
453, 434 
257. 996 
30, 330 



914, 266 



260,042 
6.3,518 
2,114 
4. 768 
1,391 
10. 470 

7,033 
1,130 



350, 471 



165, 325 
6,397 
8,426 

12,027 
4,874 

11,071 

1. 547 
16, 908 

2, 475 
143 

70, 172 



299, 364 



51, 107 

42, 939 

5,904 

148 



6,052 



45, 055 

31.582 

3,544 



No net 
income 



19. 798 
92,988 

88. 971 

8,612 

136, 851 

760, 316 

85, 170 



1, 192, 704 



275, 352 
167, 455 
122,180 
58, 697 
604, 625 
206, 079 
241,684 



1, 192, 704 



162, 286 

37, 341 

1,837 

5, 704 
1,316 
3, 788 

3,113 
349 



215.733 



123,065 

18.513 
8,713 
2. 699 

14, 293 
9,187 
3.049 

12,990 
3,492 
2.104 

50,544 



248, 649 



1* 32, 915 
» 36. 377 



H 32.915 

3,064 

4 



' Excludes returns for inactive corporations and returns with fragmentary balance sheet data. 

' See text, pp. 11-16. 

For footnotes, see pp. 54-59. 



STATISTICS OF INCOME 



53 



number of returns, assets and liabilities as of Dec. 31, 1935, or close of fiscal year 
net loss, net income or dejicil, income tax, excess-profits tax, total tax, and dividends 

thousands of dollars] 

describing returns included, see pp. 1-4 and 9-16] 



Industrial groups— Continued 




Mining and quarrying 


Manufacturing 








Food and kindred 


Liquors and bever- 








Total manufactui-ing 


ages (alcoholic and 
















nonalcoholic) 




Net in- 


No net 


Net in- 


No net 


Net in- 


No net 


Net in- 


No net 




come 


income 


come 


mcome 


come 


mcome 


come 


mcome 




3,960 


7,531 


36. 974 


48, 843 


5,073 


6,440 


1,420 


1,325 


1 


174, 406 


120, 749 


2. 717. 292 


672, 169 


373, 779 


54, 327 


51, 784 


6,669 


2 


275, 305 


321, 826 


4, 908, 634 


2, 466, 998 


681, 948 


174, 162 


105.387 


26, 697 


3 


133, 134 


184, 028 


6, 193, 869 


2, 511, 539 


785, 656 


180, 825 


149, 219 


34, 338 


4 


97, 766 


66, 665 


1, 155, 586 


203,805 


100,064 


8,860 


19, 652 


1,229 


6 


45**, 869 


1, 217, 199 


5, 720, 794 


2, 6G7, 716 


631, 133 


245, 411 


48, 5';6 


14,886 


6 


2, 031, 684 


3, 882, 604 


11, 819, 162 


8,411,357 


1,517,510 


646, 497 


338, 803 


140, 038 


V 


149, 133 


406, 098 


2, 180, 318 


1,112,763 


256, 930 


103, 601 


48, 491 


33, 401 


8 


3, 320, 297 


6, 199, 168 


34, 695, o.'ie 


17, 986, 346 


4, 247, 019 


1,4)3,683 


761, 862 


257, 258 


9 


306,335 


865. 492 


3,643,911 


3, 101, Oil 


514, 663 


303, 604 


134, 288 


60, 208 


10 


142, 178 


905, 292 


1. 809. 588 


2, 577, 424 


313. 353 


251, 789 


50, 587 


34, 324 


11 


26a, 075 


483, 848 


2. 399. 575 


1, 539, 192 


271. 369 


101, 547 


55, 479 


18, 453 


12 


90, 129 


268, 651 


3. 603, 143 


1, 999, 410 


532. 978 


181.374 


38, 207 


16, 173 


13 


1, 490, 881 


2,957,079 


13, 037, 225 


7, 242, 269 


1. 498. 612 


516, 690 


207, 065 


104,711 


14 


1, 247, 050 


1, 478, 530 


10,519,464 


3, 529, 830 


1, 163, 487 


233, 172 


280, 873 


47, 795 


15 


216, 351 


759, 725 


317,351 


2, 002, 790 


47, 443 


174, 495 


4,636 


24, 405 


16 


3. 320, 297 


6. 199, 168 


34, 695, 556 


17,986,346 


4, 247, 019 


1, 413, 683 


761, 862 


257, 258 


17 


1,007,270 


1, 030, 785 


33, 991, 791 


11.623,626 


7, 083, 009 


1, 885, 725 


1, 085, 874 


205, 086 


18 


79, 567 


135, 774 


251, 419 


290. 893 


35, 526 


24, 076 


4,598 


4,304 


19 


5,930 


7.612 


85, 833 


43. 171 


11,662 


4.287 


1,543 


213 


20 


9,865 


12, 425 


64, 347 


42. 367 


9, 275 


4,310 


2,838 


648 


21 


12, 667 


7, 945 


39, 660 


14. 522 


2,806 


1,240 


893 


252 


22 


14, 692 


17, 543 


298, 933 


65. 315 


40. LSI 


6,619 


4,838 


894 


23 


24, 018 


43, 544 


452, 591 


160. 168 


51.076 


13, 742 


2,387 


66 


24 


4,994 


3,578 


40, 477 


8.141 


3,561 


484 


772 


74 


25 


1, 159, 003 


1. 259. 206 


35, 225. 052 


12, 248, 203 


7, 237, 096 


1,940,484 


1, 103, 742 


211,537 


26 


597, 330 


741. 345 


25. 205, 595 


9, 318, .508 


5,792.969 


1, 589, 800 


617, 402 


123, 658 


27 


19. 274 


76. 976 


61.297 


167, 530 


7.184 


12, 828 


240 


2,548 


28 


21, 524 


19, 502 


544, 497 


255, 477 


59. 689 


29, 149 


18, 083 


5, 340 


29 


4, 810 


7.730 


156. 296 


122, 278 


24, 304 


12, 779 


3,056 


1,450 


30 


13, 491 


56, 999 


169. 842 


167, 906 


29. 905 


17, 796 


6,269 


2,694 


31 


30, 552 


58, 628 


648. 275 


303, 344 


91, 438 


32,112 


1.56,711 


35,112 


32 


3,376 


8, 275 


111,500 


82, 715 


13, 805 


7,787 


5,763 


2,627 


33 


62, 922 


91, 487 


812, 791 


463, 909 


96, 212 


40, 646 


20, 320 


7,236 


34 


100, 545 


88, 498 


59, 437 


67, 099 


184 


91 


3 


6 


35 


42*s 


3,686 


4, 474 


11,600 


541 


1, 028 


255 


399 


36 


120, 451 


220, 207 


4, 489, 557 


1.755,577 


750, 864 


235, 376 


164, 841 


45, 300 


37 


974, 703 


1, 373. 332 


32, 263, 560 


12, 715, 941 


6, 867, 096 


1,979,291 


992, 942 


226. 370 


38 


184, 299 


i< 114.126 


2, 961, 492 


» 467, 73S 


370, 001 


» 38, 807 


110,800 


» 14, 833 


39 


155, 287 


'•< 161, 248 


2, 468, 424 


" 636, 048 


315, 363 


"53,033 


107, 641 


" 14,974 


40 


21, 349 




• 339, 383 




43, 352 




14, 801 




41 


506 




15,412 




1,575 




903 




42 


21. ^54 




3VJ. 7(15 




44. <)?7 




15. 704 




43 


162, 445 


11 114, 126 


2, 6U6, 097 


» 467, 73H 


325, 074 


n 3s. 807 


95, 096 


" 14, &33 


44 


195, 269 


60, 200 


1, 840. 952 


342, 837 


244, 329 


18, 127 


57, 094 


620 


45 


2,814 


301 


45, 247 


4,188 


2,861 


164 


1,328 


24 , 


46 



' Includes cash in till and deposits in bank. 

' Includes obligations of States and Territories or political subdivisions thereof, obligations of instru- 
mentalities of the United States, and obligations of the United States or its possessions. 



54 



STATISTICS OF IXCOME 



Table 4. — Corporations submiUing balance sheets, 1935, by major industrial groups: 
nearest thereto, compiled receipts and compiled deductions, compiled net profit or 
paid, for returns with net income and with no net income — Continued. 

[Money figures in 



Number of returns with balance sheets '. 



Assets: ^ 

Cash 3 _ 

Notes and accounts receivable (less reserves 

for bad debts). 

Inventories 

Investments, tax-exempt * 

Investments, other than tax-exempt * 

Capital assets — Land, buildings, equipment, 

etc. (less depreciation and depletion) . 
Other assets 



Total assets- 



Liabilities: 2 

Notes and accounts payable... 
Bonded debt and mortgages... 

Other liabilities 

Capital stock, preferred.. 

Capital stock, common 

Surplus and undivided profits. 
Less deficit 



Total liabilities. 



Industrial groups — Continued 



Manufacturing — Continued 



Tobacco products 



Net income 



77, 836 
141, 922 

411, 786 
55, 444 
82, 164 
75, 772 

1C8, 247 



953, 169 



41, 661 
56. 232 
48, 444 
127, 553 
416, 674 
262, 900 
295 



Receipts, taxable income: 

Gross sales ' 

Gross receipts from operations ' 

Interest-.. 

Rents 

Net capital gain. 

Other receipts 

Receipts, tax-exempt income: 

Dividends from domeFtic corporations. 

Interest on tax-exempt obligations * 



Total compiled receipts *. 



Deductions: 

Cost of goods sold ' 

Cost of operations '" 

Compensation of oflicers 

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 (26 less 38) . 

Net income or deficit. .J. 

Income tax 

Excess-profits tax '^ 

Total tax.. 



Compiled net profit less total tax (39 less 43). 

Cash dividends paid 

Stock dividends paid 



953. 169 



1,054,148 

1.204 

912 

714 

784 
3,006 

16, 341 
1,678 



1,078,787 



795, 304 
119 
4,940 
1,270 
4,649 
68, 855 
1,135 
6.124 

(16) 

15 
89, 114 



No net 
income 



206 



4,980 
8,495 

15, 150 

955 

7,416 

6,625 

3.588 



47. 210 



5,406 
650 

1,294 
15, 146 
15,211 
13, 460 

4,016 



47, 210 



32, 700 

274 

160 

33 

44 

117 

25 
39 



33, 393 



Textiles and their 
products 



Net income 



6,036 



216, 544 
468, 417 

748, 687 

108, 245 

1S1,014 

1, 000, 410 

102, 162 



2, 825, 480 



387, 818 
79, 586 
190,011 
3:^4, 456 
1,007,932 
863. 029 
.37, 351 



2, 82.5, 480 



3, 764, 823 

32, 832 

4, 958 

5,854 

2,912 

21, 962 

6,807 
3,987 



,3,844.134 



961, 526 



117.261 

99, 242 

13, 646 

44 



13, 689 



103, 572 

95, 503 

183 



24, 190 
179 

1,395 
285 
172 

1.252 
246 
403 



16 
6,367 



34, 504 



» 1.111 
H 1, 176 



» 1,111 
983 



3, 012, C74 

19.800 

90, 123 

22. 075 

14, 700 

47, 501 

9,590 

69. 725 

83 

532 

376, 742 



3, 662. 945 

181, 190 

170, 396 

23, 429 

1,025 



24. 455 



156, 735 

91, 652 

6,431 



» See text, p. 13. 

» Gross sales where inventories are an income-determining factor, 
tions." 

Kor footnotes, see pp. 52-53, 56-59. 



For "cost of goods sold," see "dcduc- 



STATISTICS OF INCOME 



55 



number of returns, assets and liabilities as of Dec. SI, 1935, or close of fiscal year 
net loss, net income or deficit, income tax, excess-profits tax, total tax, and dividends 

thansands of dollars] 







Industrial groups— Continued 








Manufacturing— Continued 




Leather and its manu- 
tures 


Rubber products 


Forest products 


Paper, pulp, and prod- 
ucts 




Net income 


No net 
income 


Net income 


No net 
income 


Net income 


No net 
income 


Net income 


No net 
income 




1,083 


1,167 


285 


293 


2,329 


3.871 


1,276 


880 


1 


55. 3S7 
136, 591 

222. 435 

9.646 

49.341 

124, OSO 

30, 259 


8,676 
30, 624 

46,092 
2,241 

28. 549 
39, 249 

10, 278 


46, 021 
154, 740 

156, 212 

5, 251 

173, 174 

179, 875 

73, 690 


5,942 
35, 955 

29.406 

2.775 

13. 670 

67,985 

8,116 


44, 112 
137, 227 

170, 644 
22, 893 
110, 185 
444,591 

34, 220 


30, 556 
146, 348 

181,023 

10.669 

155, 132 

656, 856 

75.311 


87, 867 
146, 244 

184. 886 

32. 248 

136 559 

679,322 

65, 350 


19, 624 
134,022 

59, 596 

10, 288 

312,463 

295, 104 

33, 788 


2 
3 

4 
5 
6 
7 

8 


627. 751 


165, 709 


788, 963 


163, 849 


963, 872 


1, 255, 895 


1, 332, 474 


864, 884 


9 


90, 437 
17, 808 
31,256 
75 998 
247. 465 
176. 935 
12, 148 


35, 065 
31.777 
13, 729 
35, 637 
74. 389 
22 663 
47. 553 


62. 085 
105 007 

57. 763 
180, 968 
215. 666 
172,765 
5,291 


43. 596 
19.041 
6.418 
40. 214 
51,057 
2S, 479 
24. 955 


103, 695 
46, 688 
49. 392 
49, 243 
364, 222 
369, 479 
18, 848 


217,383 

147. 443 
120, 482 
103 021 
602 460 
275. 679 
210. 573 


104. 746 
149. 9.53 
56. 263 
163,053 
533. 142 
333, 664 
8,346 


109,677 
124, 641 

97, 299 
193. 863 
278, 328 
129, 895 

68, S20 


10 
11 
12 
13 
14 
15 
16 


627. 751 


165, 709 


788, 963 


163, 849 


963, 872 


1. 255, 895 


1, 332, 474 


864, 884 


17 


924 334 

2, 819 

1,200 

728 

435 

4.742 

804 
351 


216. 579 

2,668 

500 

493 

114 

1.222 

897 
83 


657. 844 
979 

4,111 
324 
418 

2, 924 

5, 261 
173 


111.753 
370 
376 
225 
73 
628 

110 
98 


710, 525 
5,385 
2,143 
2.552 
2,178 
5,120 

3,547 
897 


541. 632 
15. 064 
2,165 
3,414 
1, 450 
4,996 

858 
501 


1. 138. 538 
4, 374 
2.357 
1,643 
734 
7,052 

5,668 
1,283 


301, 592 
2.213 
4,954 
1,367 
LOSS 
1,513 

5,749 
233 


18 
19 
20 
21 
22 
23 

24 
25 


935,413 


222, 557 


672, 033 


113.633 


732, 348 


570, 080 


1, 161. 647 


318,709 


26 


757, 133 

359 

18, 483 

5,574 

3,148 

5,781 

3, 130 

9.258 

24 

99 

83, 539 


188 580 

2,085 

6,890 

2,145 

1,426 

1, 198 

1,476 

2,743 

60 

142 

23, 053 


453, 009 

101 

6,306 

3,364 

7,623 

25, 584 

1.543 

17, 815 


89, 078 
238 

2,038 
479 
976 

4,610 
979 

4,060 


630, 235 
1,966 

21, 176 
3,772 
5,641 

10, 220 
4,587 

18, 553 

10, 479 
228 

83, 099 


434. 486 

9,105 
18, 263 

4,261 
12. 255 
10, 619 

7,540 
20, 389 
12, 428 

2.534 
86, 629 


794, 301 

1.271 

25. 732 

7,006 

11,620 

13, 840 

4,220 

43, 474 

1,464 

203 

159, 759 


244,512 

420 

7,144 

4,537 

11,903 

6,711 

5,996 

15, 141 

1,325 

189 

45, 868 


27 
28 
29 
30 
31 
32 
; 33 
34 
35 


47 
121, 088 


156 
17, 543 


36 
37 


886. 529 


229, 798 


636, 480 


120, 157 


690, 005 


618,511 


1, 062, 888 


342, 736 


38 


48, 885 
47, 730 

6, 563 
197 

6. 760 


i< 7, 241 
'< 8, 221 


35, 553 
30, 119 

4.141 
323 

4,465 


i< 6, 524 
i« 6, 732 


42, 343 
37. 899 

5, 211 
221 

5.432 


H 48, 431 
i< 49, 790 


98, 759 
91,810 
12.616 
265 
12,881 


i< 24, 026 
i« 30, 009 


39 
40 
41 










4? 










43 


42. 125 


H 7, 241 


31.038 


n 6, 524 


36. 91 1 


'*48.431 


85. 878 


i< 24.026 


44 


22, 338 
1 938 


1,055 
2 


15,417 
50 


1,006 
4 


29. 699 
506 


6.281 
271 


56, 423 
1,448 


1,751 
1,430 


45 
46 



' Gross receipts from operations where inventories are not an income-determining factor. For "cost of 
•operations," see "deductions." 

• 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. 



56 



STATISTICS OF INCOME 



Table 4. — Corporations suhviitting balance sheets, J 985, by major industrial groups: 
nearest thereto, compiled receipts and compiled deductions, compiled net profit or 
paid, for returns with net income and with no net income — Continued 

[Money figures in 



Industrial groups— Continued 



Manufacturing — Continued 



Printing, publishing, 
and allied industries 



Net income 



No net in- 
income 



Chemicals and allied 
products 



Net income 



No net in- 
income 



Number of returns with balance sheets ' 

Assets: ' 

Cash' 

Notes and accounts receivable Oess reserve for 

bad debts). 

Inventories 

Investments, tax-exempt * 

Investments, other than tax-exempt ' 

Capital assets— Land, buildings, equipment, 

etc. (less depreciation 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 ' 

Oross receipts from 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 operations i" 

Compensation of officers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax " 

Bad debts 

Depreciation 

Depletion 

Net capital loss 12... 

Other deductions... 

Total compiled deductions 

Compiled net profit or net loss (26 less 38) 

Net income or deficit 

Income tax 

Exces.'^-proflts tax i' __ _ 

Total tax 

Compiled net profit less total tax (39 less 43) 

Cash dividends paid.. 

Stock dividends paid 



4,673 



6,597 



3,070 



3,893 



119, 566 

277, 670 
112.829 
89, 062 
197, 403 

448, 606 
372. 079 



21,018 

185. 150 

44. 092 

5,805 

92, 700 

222. 085 
135, 827 



364, 188 

790. 739 

S27. 595 

168, 180 

1, 838, 695 

2, 378, 420 
317, 469 



176, 675 

793, 649 

454,911 

16, 864 

748, 480 

2, 066, 047 
178, 227 



1,617,215 



706, 677 



6. 685, 286 



4. 434, 853 



148, 239 
101, 093 
122, 368 
123, 653 
482, 822 
658, 077 
24, 038 



168, 870 
105. 536 
68, 955 
80, 958 
228,516 
204, 324 
150, 481 



712, 280 
233, 464 
363, 772 
393, 039 

3, 175, 777 

1, 853, 423 

46, 469 



741, 866 
740, 472 
436, 650 
252, 705 
1,816,695 
844, 531 
398, 066 



1, 617, 215 



706. 677 



6, 685, 286 



4. 434, 853 



1, 376, 124 
40, 081 
4,269 
7,142 
2,287 
10, 892 

12, 022 
3,484 



463, 768 

56, 569 

1.056 

4,286 

536 

3,470 

12, 465 
185 



4, 265, 624 
31,909 
12, 826 
12. 535 
8,571 
27, (596 

163,113 
6,053 



2, 615, 548 
97, 132 
12. 630 
9,349 
3.684 
12, 2.37 

94,018 
747 



1, 462. 301 



542, 334 



4, 528, 327 



2, 845, 345 



868. 263 
15,932 
61,532 
21, 238 
10, 084 
IS, 025 
13.281 
31, 699 
16 
431 

266,811 



341. 420 

34, 173 

33. 293 

13, 244 

8,661 

4, 556 

8, 050 

15, 256 

9 

465 

114,925 



2, 801, 496 

1,919 

51,347 

22, 870 

20. 126 

9.3. 913 

13, 890 

156, 474 

41,458 

654 

791,073 



1, 960, 766 
56,315 
18, 364 
27, 042 
32, 955 

108, 512 
18,110 

132. 642 

50, 957 

426 

454, 734 



1,307,313 



574. 052 



3. 995. 220 



2, 860. 824 



154, 988 

139. 482 

19, 178 

459 



1131,717 
» 44, 367 



533. 107 

303. 941 

50, 039 

929 



1' 15. 479 
H 110, 243 



19, 638 



50, 967 



135, 350 

94, 162 

3,885 



i<31. 717 

2,741 

38 



482, 140 

440, 951 

10,682 



H 15, 479 

128, .339 

188 



•Includes taxes reported in "cost of goods sold." For method of tabulation, see p. 10. 
«» Includes taxes reported in "cost of operations." For method of tabulation, see p. 10. 
"Excludes taxes reported in "cost of goods sold" and "cost of operations." 
For footnotes, see pp. 52-55, 58-59. 



STATISTICS OF I27COME 



57 



number of returns, assets and liabilities as of Dec. 31, 1935, or close of fiscal year 
net loss, net income or deficit, income tax, excess-profits tax, total tax, and dividends 



thousands of dollars] 



Industrial groups— Continued 




Manufacturing— Continued 


Construction 


















Stone, clay, and glass 
products 


Metal and its products 


Manufactur 
where 


ing not else- 
classified 








Net income 


No net in- 
come 


Net income 


No net in- 
come 


Net income 


No net in- 
come 


Net income 


No net in- 
come 




1,216 


2,327 


8,302 


9,999 


2,076 


3,324 


3,968 


10, 149 


1 


90, 159 


29, 056 


1,101,092 


210,049 


88, 958 


19, 332 


65, 455 


67,818 


2 


136, 851 


53, 140 


1, 645, 347 


573,848 


185, 461 


85, 376 


197, 364 


228. 524 


3 


149,904 


85, 335 


2, 055, 775 


911,354 


218, 243 


95, 657 


44, 066 


80. 458 


4 


47. 957 


17, 174 


460, 560 


98, 109 


36, 385 


7,029 


35,363 


28, 103 


5 


150, 368 


52, 396 


1,984,850 


711,917 


137, 383 


82, 351 


76, 583 


149, 185 


6 


493, 021 


485. 807 


3,856,5S8 


2, 822, 307 


282, 152 


1.56, 679 


173,516 


311,499 


7 


42,913 


44, 707 


630, 604 


340, 222 


97, 905 


66, 859 


60, 558 


105, 786 


8 


1,111,173 


767, 615 


11,734,815 


5, 667, 806 


1, 046, 477 


513, 183 


651, 906 


961, 373 





99, 061 


76, 597 


1,115,213 


936,211 


129, 726 


91,215 


126, 273 


24.-i,83l 


10 


36, 086 


108, 274 


571,020 


846, .564 


48, 711 


30. 665 


44, 093 


96, 177 


11 


54. 250 


59, 018 


974 218 


404, 338 


124, 989 


68, 454 


73, 704 


201. 703 


13 


93, 195 


143, 605 


1. 387, 609 


636, 647 


98. 192 


65. 507 


31,089 


60,803 


13 


466, 844 


350. 932 


4. 099, 563 


2, 181, 578 


321, 440 


229, 529 


221. 227 


364. 836 


14 


372, 653 


119,817 


3, 076, 730 


1, 132. 673 


335, 448 


116, 398 


174. 446 


168. 814 


in 


10, 917 


100, 628 


89. 538 


470, 205 


12. 030 


88, 585 


18. 925 


166, 791 


16 


1, 111, 173 


767. 615 


11,734,815 


6.667.806 


1. 016, 477 


513, 183 


651, 905 


961, 373 


17 


734. 562 


235. 268 


10, 174, 650 


2, 752. 367 


1, 021, 737 


329. 496 


192. 161 


296, 622 


18 


6,970 


3,694 


77.911 


32 710 


6.833 


4,979 


664. 779 


331.885 


19 


1,876 


897 


35. 325 


11.937 


2,650 


1,680 


2.363 


3,034 


20 


1,524 


1,358 


17,424 


9,599 


1,795 


1,603 


2.398 


5,608 


21 


4,293 


511 


11,819 


3. 1.32 


1,530 


364 


3.067 


2.680 


22 


4,310 


3,176 


148, 483 


17, 207 


11,727 


2,982 


6,301 


5,613 


23 


10,627 


296 


168, 510 


26. 431 


6,429 


3,637 


2,061 


4,078 


24 


1. .546 


656 


15, 433 


4, 168 


1,260 


244 


1,629 


1,212 


25 


765, 708 


245, 755 


10, 649, 556 


2, 857, 682 


1, 053, 960 


344, 986 


774, 748 


650, 633 


26 


483, 178 


168, 153 


7, 618, 757 


2, 225, 254 


681, 424 


253. 052 


148, 398 


245, 434 


27 


954 


1,907 


9,822 


13,314 


1,630 


1.867 


404,611 


264, 055 


2« 


15, 052 


10, 133 


140. 979 


57. 343 


31,055 


14, 682 


33. 682 


38, 977 


29 


2,520 


1,842 


32, 767 


32. 023 


6,480 


4,583 


3,968 


6,308 


.30 


3,483 


7.343 


48. 107 


61, 098 


4,487 


3,422 


3,520 


7,775 


31 


9,313 


5,798 


105. 157 


46. 306 


11,939 


5,460 


5.211 


5,867 


32 


3,167 


2.667 


32, 920 


16,010 


4,469 


4,001 


2,987 


7,300 


33 


33. 869 


22, 962 


2S6. 478 


142, 661 


22, 788 


12.090 


21, 046 


21, 021 


34 


1,216 


643 


4.422 


1,530 


87 


26 


330 


116 


3.5 


163 


854 


1,150 


2,384 


157 


638 


247 


1,674 


.36 


112, 479 


62, 833 


1,312.369 


403, 492 


177, 780 


69, 634 


98, 652 


98, 639 


37 


665, 395 


275, 137 


9, 592, 926 


2,991,415 


942, 297 


369, 345 


722, 851 


697,066 


38 


100,313 


»« 29, 382 


1, 056, 630 


i< 133, 833 


111,663 


" 24, 360 


61, 897 


» 48, 433 


39 


88, 141 


i« 30, 233 


872, 686 


'< 164, 432 


103,974 


1*28,241 


48, 217 


"61,723 


40 


12,119 
466 




119.991 
8,170 




14, 296 
833 




6,629 
696 




41 










4? 












12, 586 




128, 161 




15, 130 




7,326 




41 












87, 728 


i< 29, 382 


928, 469 


i< 133, 833 


96, 533 


u 24, 360 


44, 572 


'« 46, 433 


44 


69,977 


2,990 


565, 148 


166, 428 


68, 258 


2,457 


20, 800 


8,658 


45 


1,299 


4 


13, 656 


781 


1,981 


217 


3,835 


393 


46 



" For limitation on amount of net capital loss that may be reported, see section of this report entitled 
"Revenue Acts of 1913-1934 and certain tax provisions of the National Industrial Recovery Act (1933); 
also the special excise tax under Act of August 6, 1909," p. 104, footnote 5 (c). 



58 



STATISTICS OF INCOME 



Table 4. — Corporations svbmiliing balance sheets, 1935, by major industrial groups: 
nearest thereto, compiled receipts and compiled deductions, compiled net profit or 
paid, for returns with net income and with no net income — Continued 

[Money figures in 



Number of returns with balance sheets '.- 

Assets: ' 

Cash 3 

Notes and acounts receivable (less reserve for bad debts).- - 

Inventories- 

Investments, tax-exempt * -.- 

Investments, other than tax-exempt '-_ 

Capital assets — Land, buildings, equipment, etc. fless depreciation 

and depletion). 
Other assets 



Total assets- 



Liahi'.ities: ' 

Notes and accounts payable—. 

Bonded debt and mortgages 

Other liabilities 

Capital stock, preferred 

Capital stock, common 

Surplus and undivided profits- 
Less deficit --- 



Total 1 labilities - 



Receipts, taxable Income; 

Gross sales ' 

Gross receipts from operations ' 

Interest 

Rents 

Net capital gain 

Other receipts 

Receijits, tax-exempt income: 

Dividends from domestic corporations. 
Interest on tax-exempt obligations * 



Total compiled receipts ' 

Deductions: 

Cost of goods sold ' 

Cost of operations '".-- 

Compensation of officers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax ». 

Bad debts -- 

Depreciation- - 

Depletion - -- 

Net capital loss '2. 

Other deductions 



Total compiled deductions. 



Compiled net profit or net loss (26 less 38). 
Net Income or deficit 



Income tax 

Excess-profits tax >3. 



Total tax. 



Compiled net profit less total tax (39 less 43). 

Cash dividends paid. 

Stock dividends paid 



Industrial group.s— Con. 



Transportation and other 
public utilities 



Net income 



9,439 



749, 503 

1, 104. 964 

334, 38S 

128, 766 

5, 102. 136 

24, 108, 968 

1, 441, 492 



32, 970, 217 



0S3, 834 
714, 178 
492, 219 
241, 2.30 
883, 333 
748, 139 
222, 745 



32, 970, 217 



6,014,135 

61, 577 

55, 671 

5,127 

32, 794 

193,958 
13, 751 



6, 377, 014 



2, 738, 668 

55, 752 

85, 814 

563, 740 

422, 122 

20, 058 

653, 928 

6,716 

813 

717, 139 



5, 264, 748 



1, 112, 266 
904, 556 



124, 474 
1,090 



125, 564 



986, 702 

1. 199, 145 

5,290 



No net 
income 



11,710 



483, 981 
7fi3,815 
282, 966 
48, 535 
4, 770, 938 
25, 472, 142 

1, 685, 503 



33, 507, 880 



2, 105, 453 
15, 646, 685 
3,043,115 
1, 629, 293 
9. 365. 332 
3, 423, 329 
1, 705, 327 



33. 507, 880 



4, 787, 100 
45, 330 
39, 328 
4,614 
23. 840 

70, 537 
5,417 



4, 976, 165 



3,114,559 
35. 257 
98, 212 

753, 916 

281, 365 
26, 040 

355, 085 
5,128 
22, 780 

757, 614 



5, 449, 956 



» 473, 791 
i« 549, 746 



» 473, 800 

82, 218 

262 



" Excess-profits tax of .$19,584 appears on returns submitting balance sheets with no net income for income- 
tax purposes. The credit for interest received on certain obligations of the United States and its instru- 
mentalities, which is allowed against net income in the computation of the income tax, is not 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.") 

For footnotes, see pp. 52-57. 



STATISTICS OF INCOME 



59 



number of returns, assets and liabilities as of Dec. SI, 1935, or close of fiscal year 
net loss, net income or deficit, income tax, excess-profits tax, total tax, and dividends 



thousands of dollars] 







Industrial groups— Continued 










Trade 


Service— Professional, 
amusements, hotels, etc. 


Finance— Banking, insur- 
ance, real estate, hold- 
ing companies, stock 
and bond brokers, etc. 


Nature of business 
not given 




Net income 


No net 
income 


Net income 


Nonet 
income 


Net income 


No net 
income 


Net in- 
come 


No net 
income 




55. 313 


75. 004 


11, 682 


28. 411 


29,642 


74, 504 


97 


835 


1 


975, 586 
3,480,065 
3, 295. 566 

233, 365 
1,341,637 
2, 287, 907 

546, 522 


294. 105 

1, 352. 166 

1, 272, 422 

40, 733 

552. 547 
1, 374, 582 

438, 395 


155.571 
223. 208 
82, 561 
23, 606 
327, 6«6 
1, 270, 782 

189, 010 


129. 247 

302. 972 

74. 630 

19,715 

455. 476 

4, 761, 863 

410, 578 


4. 064, 346 
7,162,515 
21, 652 
3, 327, 841 
16,331,464 
3, 221, 061 

1, 178, 298 


12. 921, 438 

15, 723, 738 

87, 743 

16. 409. 466 
50.740,111 
10, 098, 559 

3, 459, 176 


3.003 
2.975 
1,449 
201 
706 
5.520 

778 


4.013 
24, 333 
610 
883 
14, 030 
20, 160 

11,890 


2 
3 
4 

5 
6 
7 

8 


12, 160, 648 


5, 325, 009 


2, 272, 424 


6,154,481 


35. 307. 176 


109. 440, 231 


14. 631 


75, 918 


S 


3. 262, 362 
545. 692 
696. 097 
7.S2, 828 
4, 150, 200 
3, 048. 403 
324, 934 


1,767,719 
483, 236 
445. 2S5 
487, 050 

2. 305, 151 
828. 788 
992,219 


282. 831 
505. 061 
196.178 
125, 996 
711,871 
524. 552 
74, 066 


948. 469 
3, 054. 948 

723. 431 

411,317 
1, 484. 367 

571,410 
1. 039, 462 


2. 799, 221 
2. 782. 993 
12,684,749 
2,119,438 
8,421,620 
6, 794. 823 
295, 670 


4. 347, 878 

10, 253. 674 
64. 636, 248 

5, 595. 054 
16. 964, 028 

11. 291. 439 
3, 648, 089 


10. 683 
137 
819 
275 

7.435 
622 

5.339 


42, 150 
13, 405 
13,101 
10, 107 
77, 924 
14, 350 
95, 119 


10 

11 

12 
13 
14 
15 
16 


12, 160, 648 


5. 325. 009 


2. 272. 424 


6, 154, 481 


35, 307, 176 


109, 440, 231 


14, 631 


75, 918 


17 


26, 294, 563 

495, 275 

72,471 

51,847 

9,652 

246, 367 

52, 961 
7,634 


9, 019. 782 

272. 335 

17, 730 

33, 970 

5. 106 

77, 827 

9,883 
1,902 














■'Ifl 


1, 695, 244 

5,651 

25, 2S8 

5,872 

15, 690 

9,412 
936 


1, 603, 331 

8.011 

126. 102 

3.360 

21,514 

6,652 
898 


IM. 449, 410* 
568, 174 
320, 368 
211.480 
136, 281 

713, 733 
120, 617 


1' 931, 343 

1. 572, 896 

745, 503 

123, 749 

118, 555 

1, 163, 486 
486, 209 


582 

59 

7 

20 

303 

8 

(19) 


1,236 

181 

63 

17 

597 

19 
15 


19 
20 
21 
22 
23 

24 
25 


27, 230, 771 


9, 438, 626 


1, 758. 092 


1, 769, 868 


3, 520, 063 


5, 141, 741 


979 


2,128 


26 


21.149.780 

1 10. 670 

449. 782 

409, 425 

84.017 

159, 465 

1 18. 936 

167, 482 

342 

2,896 

3, 729, 425 


7. 366. 783 

141,008 

269, 271 

203,415 

55, 296 

80, 174 

75, 727 

89, 390 

826 

5, 209 

1, 412, 064 














?7 


703, 902 

90, 133 

92. 586 

30, 722 

36, 764 

9,310 

57, 425 

101 

465 

601, 861 


679, 361 
75.411 
122. 912 
161,455 
105. 309 
24, 654 
144, 435 
139 
4,886 
682, 708 


I' 100. 714 

18 152. 732 

61, 447 

257, 103 

118,859 

53, 003 

81, 342 

1,089 

6.206 

i« 1, 286, 605 


I" 225, 918 

IS 207. 566 

98, 665 

814, 068 

285. 037 

377. 236 

220, 530 

1,483 

111,340 

" 2, 383, 827 


264 

132 

28 

15 

13 

11 

1C9 

3 

127 


749 
235 

108 
709 
194 
2,343 
364 

(18) 

425 
2,141 


28 
29 
3C 
31 

32 
33 
34 
35 
36 
37 


26, 412, 220 


9, 699, 163 


1, 623, 269 


2. 001, 270 


i«2, 119, 101 


>« 4, 725, 671 


762 


7,267 


38 


818, 551 
757, 956 


I < 260.5.38 
1< 272, 323 


134, 823 
124, 475 


i< 231, 402 
i« 238. 952 


1, 400. 962 
566, 612 


416. 070 
i« 1, 233, 625 


217 
209 


"« 5, 140 
i« 5, 174 


39 
4G 


104, 192 
3,275 




17,110 
699 




77, 890 
2,738 




29 

1 




41 






11 




4? 










107, 467 




17, 808 




80, 627 


11 


29 




4? 










711.083 

460. 827 

25, 269 


'« 260. 538 

44. 046 

3,317 


117,015 

64, 093 

1,911 


1* 231, 402 

6,572 

364 


1, 320, 335 

805, 1.50 

23,949 


416, 059 

729. 449 

13, 934 


188 
334 


i« 5, 140 

478 
408 


44 

45 
46 







" Compiled net loss or deficit. 

" Compiled net loss plus excess-profits tax. 

>« Less than $500. 

• ' 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 uonexpense deductions of life insurance companies. 



60 



STATISTICS OF INCOME 



Table 5. — Corporations submitting balance sheets, 1935, by total assets classes: 
year nearest thereto, compiled receipts and compiled deductions, compiled net profit or 
paid, for returns in the aggregate and for those with net income and unth no net 

[Total assets classes and money 

[For text defining certain items and 
PART I. ALL RETURNS 



Number of returns with balance sheets '- 



Assets: ^ 

Cash' 

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

Inventories 

Investments, tax-exempt < 

Investments other than tax-exempt ' 

Capital assets — Land, buildings, equipment, etc. (less 

depreciation 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 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 operations i"... 

Compensation of ofEcers 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax ". 

Bad debts.-. 

Depreciation 

Depletion 

Net capital loss 12 

Other deductions. 



Total compiled deductions. 



Compiled net profit or net loss (26 less 38) . 

Net income or deficit 

Income tax 

Excess-profits tax 's 



Total tax. 



Compiled net profit less total tax (39 less 43). 

Cash dividends paid 

Stock dividends paid 



Total assets classes 



Total 



415, 205 



23, 664, 493 
38, 690, 461 
14, 788. 391 
21,893,241 
90. 163, 144 
100, 479, 871 

13, 500, 630 



303, 150, 231 



25, 331. 692 
49, 821. 895 
89, 065, 508 
19, 533, 151 
82, 732, 838 
48, 828, 065 
12, 162, 918 



Under 50 50 to 100 



227, 545 



327, 066 
975, 835 
763, 545 
17, 672 
153, 483 
1, 498, 933 

394, 400 



4, 130, 934 



1, 563, 476 
425, 197 
463, 294 
187, 271 

2,799,617 
455, 868 

1, 763, 790 



3,434 



257, 843 
900, 174 
623, 223 
32, 463 
235, 725 
1, 767, 028 

344, 532 



4, 160, 989 



303, 150, 231 



83, 878. 828 
19, 005, 169 
2, 503, 971 

1, 545, 627 
452, 336 

1, 096, 424 

2. 917, 244 
698, 897 



112,098,495 



65, 061, 564 

8, 864, 467 

2, 266, 969 

1, 4S8. 725 

3, 160, 039 

2, 561, 438 

928, 066 

3, 273. 223 

337, 821 

179.276 

18, 477, 309 



106, 598, 894 



5, 499, 601 

1,883.460 

696, 9,58 

24, 583 



4, 130. 934 



7, 232, 349 

1, 9.30, 536 

17. 151 

95, 248 

14, 755 
68, 262 

4, 561 
1,469 



9, 364, 331 



5, 804, 938 

1,067,318 

608, 184 

286, 079 

54, 198 

74, 693 

71,369 

127, 098 

3, 785 

17, 184 

1, 432, 840 



9, .547, 686 



» 183, 356 

» 189, 386 

15, 608 

1,126 



721, 541 



4, 778, 059 

5, 895, 675 

135, 030 



1, 102, 791 
574, 651 
323, 554 
209, 212 

2, 144, 393 
581, 021 
774, 633 



4, 160, 989 



5,103,443 
813, 254 
19. 907 
86, 097 
15, 705 
45, 247 

3,688 
2,031 



6.089,372 



4, 104, 296 

426. 220 

275. 945 

109, 598 

55, 168 

63, 150 

49, 264 

95, 117 

4,235 

8,578 

907, 582 



6,099,159 



» 9, 787 

" 15, 505 

16, .365 

1,100 



16, 734 



IS 200, 090 
56, 077 
6,709 



17, 465 



» 27. 252 
57.224 
3,429 



For footnotes, see pp. 64-65. 



STATISTICS OF INCOME 



61 



number of returns, assets and liabilities as of Dec. SI, 1935, or close of fiscal 
net loss, net income or deficit, income tax, excess-profits tax, total tax, and dividends 
income 

figures in thousands of dollars] 

describing returns included, see pp. 1-4 and 9-16] 

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 
60,000 


50,000 and 
and over 




58, 208 


28, 605 


18, 102 


18, 407 


2,769 


2,393 


742 


1 


620. 491 


775, 481 


1, 040, 512 


3, 066, 845 


1, 512, 456 


3, 925, 631 


12, 138, 167 


2 


1, 864, 765 


1, 933. 399 


2, 278, 830 


6, 272, 998 


2, 771, 409 


6,121,823 


15, 571, 228 


3 


1, 124, 730 


1,015,871 


1, 133, 374 


2, 691, 077 


1, 145, 413 


2, 427. 500 


3, 863, 659 


4 


159, 356 


337. 905 


601, 139 


2, 338, 884 


1, 229. 052 


3, 391, 805 


13, 754, 963 


5 


734, 814 


1,145,328 


1, 865, 586 


8, 193. 763 


4, 923, 093 


14, 543, 307 


58, 368, 045 


6 


4, 017, 946 


4, 159, 789 


4, 936, 034 


13, 541, 546 


6, 895, 447 


16, 312, 613 


47, 350, 536 


7 


682,005 


708, 340 


849,237 


2, 192, 873 


865, 286 


2, 357, 248 


5, 106, 707 


8 


9, 204, 107 


10, 076, 113 


12, 704, 713 


38, 297, 987 


19. 342, 155 


49, 079, 927 


156, 153, 305 


9 


1, 932, 778 


- 1, 687, 196 


1, 906, 749 


4, 699, 233 


1, 954, 786 


4, 243. 901 


6, 240, 783 


10 


1, 421, 774 


1, 485, 652 


1, 759, 716 


5, 287, 911 


3, 014. 503 


8.049.540 


27, 802, 950 


11 


1, 190, 362 


1, 907, 453 


2, 849, 051 


9, 539, 019 


4, 658. 281 


12, 419, 476 


55,715,018 


12 


544. 322 


666. 925 


886. 963 


2, 794, 752 


1, 403. 750 


3, 867, 381 


8, 972, 574 


13 


3, 899. 746 


3, 695, 774 


4, 208. 980 


11, 191, 686 


5, 305, 548 


12, 400, 441 


37, 086, 652 


14 


1, 444, 278 


1, 748, 764 


2, 250, 133 


7,215,279 


3, 869, 037 


9, 461, 149 


21, 802, 536 


15 


1, 229, 153 


1,115,653 


1, 156, 879 


2, 429, 893 


863, 748 


1, 361, 961 


1, 467, 208 


16 


9, 204, 107 


10,076,113 


12, 704, 713 


38, 297, 987 


19, 342, 155 


49, 079, 927 


156, 153, 305 


17 


8, 199, 491 


6, 702, 534 


6, 759, 202 


15, 167, 815 


5, 871, 273 


12, 043, 329 


16, 799, 391 


18 


1, 103, 450 


792. 075 


808, 117 


2, 073, 917 


1,008,071 


2, 995, 169 


7, 480, 580 


19 


58, 346 


75, 780 


102, 866 


311,505 


148. 995 


351, 168 


1, 418, 254 


20 


187, 568 


171. 606 


162, 148 


281, 313 


110,479 


167, 902 


283, 266 


21 


31, 408 


34. 076 


37, 143 


91,492 


42, 693 


72,623 


112, 437 


22 


83, 251 


72, 351 


75, 896 


178, 148 


64, 651 


158, 919 


349, 699 


23 


15, 908 


23,511 


42, 228 


244, 285 


142, 963 


479, 685 


1,960,415 


24 


8,289 


15,954 


26. 675 


97, 386 


44, 825 


116, 748 


385, 520 


25 


9, 687, 711 


7, 887, 888 


8, 014, 278 


18, 445, 860 


7, 433, 950 


16, 385, 542 


28, 789. 563 


26 


6, 545, 420 


5, 302, 186 


5, 285, 289 


11, 686, 130 


4, 464, 739 


8, 924, 615 


12, 943, 951 


27 


553, 022 


401, 890 


357, 103 


813, 267 


379, 918 


1, 066, 811 


3, 798, 918 


28 


360, 247 


232, 928 


193, 522 


289, 295 


78. 099 


117,402 


111,348 


29 


141,415 


99, 196 


98. 781 


197, 105 


80. 665 


182, 484 


293, 400 


30 


120. 915 


123. 577 


149, 242 


409, 846 


205, 466 


504. 452 


1, 537, 175 


31 


128, 912 


131, 232 


164, 135 


430, 758 


180, 597 


482, 624 


905, 330 


32 


84, 542 


72. 780 


74, 040 


174, 305 


65, 349 


132, 328 


204, 089 


33 


176, 523 


164, 087 


190. 356 


503, 928 


231, 597 


609, 891 


1, 174, 626 


34 


9,174 


12, 032 


16, 389 


51, 656 


29, 345 


76, 232 


134, 973 


35 


14, 829 


12. 297 


12, 688 


40, 597 


17, 302 


40, 871 


14, 930 


36 


1,481,095 


1, 204, 052 


1, 294, 565 


3, 175, 201 


1, 358, 013 


3, 046, 170 


4, 577. 792 


37 


9, 616, 094 


7, 756, 257 


7,836,110 


17, 772, 087 


7, 091, 088 


15, 183, 879 


25, 696, 532 


38 


71,617 


131, 631 


178, 168 


673, 773 


342, 862 


1, 201, 663 


3, 093, 030 


39 


47, 420 


92, 165 


109, 264 


332, 102 


155, 074 


605, 230 


747, 095 


40 


36, 731 


38. 686 


46, 812 


126. 156 


56, 671 


148, 195 


211,733 


41 


2,074 


2, 123 


2,330 


5,507 


1,197 


3,436 


5.690 


42 


38, 806 


40, 809 


49, 142 


< 131, 663 


57, 869 


151, 631 


217, 423 


43 


32.811 


90, 822 


129, 026 


542, 110 


284. 993 


1, 050, 032 


2, 875, 607 


44 


141, 597 


161, 693 


241, 814 


817, 242 


414, 478 


1, 308, 295 


2, 697, 255 


45 


9,232 


12, 018 


17.243 


45, 17 i 


6,037 


18,232 


16, 955 


46 



78019— 3E 



62 



STATISTICS OF INCOME 



Table 5. — Corporations submitting balance sheets, 1935, by total assets classes: 
year nearest thereto, compiled receipts and compiled deductions, compiled net profit or 
paid, for returns in the aggregate and for those with net income and with no net 

[Total assets classes and money 

PART II. RETURNS 



Number of returns with balance sheets ' 

Assets: ' 

Cash' 

Notes and accounts receivable (less reserved for bad 
debts) 

Inventories - 

Investments, tax-exempt * 

Investments, other than tax-exempt ' 

Capital assets— Land, buildings, equipment, etc. (less 
depreciation and depletion) 

Other assets.- , 

Total assets 

Liabilities: ' 

Notes and accounts payable 

Bonded debt and mortgages 

Other liabilitips-- 

Capital stock, preferred 

Capital stock, common 

Surplus anfl undivided profits - - -. 

Less deficit- 

Total liabilities 

Receipts, taxable income: 

Gross sales " 

Gross receipts from 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 operations'" 

Compensation of oflScers - 

Rent paid on business property 

Interest paid 

Taxes paid other than income tax n 

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) I 

Cash dividends paid 

Stock dividends paid 



Total assets classes 



Total 



153. 075 



8,961,115 
17, 413, 103 

10. 205, 024 

5, 036, 723 

29. 519, 092 

45, 386, 789 

5, 785, 273 



122, 307, 120 



11, 632, 338 

16, 623, 599 

17, 857, 404 
9,012,769 

41,377,226 

27.315,494 

1.511.711 



122. 307, 120 



61, 745, 827 
10,613,931 
804, 172 
534, 558 
288, 936 
761. 831 

1,455,764 
191, 175 



47. 266, 428 

4, 175, 797 

1, 356, 560 

826, 400 

1, 127, 622 

1, 432, 333 

320, 727 

1, 874, 012 

171, 040 

15, 672 

11.113,988 



69, 680, 579 



6,715,614 

5, 06S, 676 

696, 958 

24,564 



721, 522 



5, 994, 093 

4.618,152 

111,859 



Under 50 



168, 167 
400, 463 

318, 955 

7,205 

45, 228 

436. 575 

113,969 



1, 490, 561 



420. 738 
64, 267 
117,428 
42. 639 
826, 130 
245, 630 
226. 169 



1, 490. 561 



3, 425, 402 

798, 292 

7,931 

28,311 

9.804 

31. 122 

1,119 
745 



4. 302, 727 



2, 717. 512 

391, 281 

268, 826 

102, 407 

14, 498 

28, 707 

22, 998 

45, 854 

2,340 

878 

591, 960 



4. 187. 261 



115,466 

113, 602 

15, 608 

1,126 



16, 734 



98, 732 

43, 095 

1,317 



50 to 100 



24,953 



158. 527 
474, 164 

347, 564 
16. 0,54 
89. 640 

569, 404 

125. 826 



1. 781. 179 



421,961 
106. 263 
139, 847 
81,964 
824, 047 
339, 497 
132, 400 



1. 781. 179 



, 235, 376 
437. 744 
11,290 
26,016 
11,433 
26. 246 

1,400 
1,096 



3, 750. 602 



2,562,811 

208, 069 

172, 924 

60, 963 

18, 135 

28,618 

22,619 

42. 952 

2.897 

953 

508, 126 



3, 629, 068 



121, 534 

119,038 

16, 365 

1,100 



17, 465 



104, 069 

49, 966 

2,247 



For footnotes, see pp. 64-65. 



STATISTICS OF INCOME 



63 



number of returns, assets and liabilities as of Dec. 31, 1935, or close of fiscal 
net loss, net income or deficit, income tax, excess-profits tax, total tax, and dividends 
income — Continued 

figures in thousands of dollars] 

WITH NET INCOME 



Total assets classes— Continued 




100 to 250 


250 to 500 


500 to 1,000 


1,000 to 5,000 


5,000 to 10,000 


10,000 to 
50,000 


60,000 and 
over 




26, 138 


13, 058 


8,255 


8,232 


1,241 


1,156 


328 


1 


366, 532 


452, 059 


670, 188 


1, 618, 294 


731, 257 


1, 806, 126 


3, 190, 965 


2 


1,047,134 


1,076,058 


1,225,647 


3, 132, 024 


1, 330, 931 


3, 044, 637 


5, 682, 244 


3 


695, 239 


666, 583 


753, 608 


1, 927, 074 


836, 774 


1,825,621 


2,833.607 


4 


74, 158 


146, 074 


256, 182 


962, 647 


487, 456 


1,300,008 


1, 786, 940 


5 


288, 251 


454, 645 


725. 312 


2, 960, 714 


1, 762, 511 


5, 583, 796 


17, 618. 994 


fl 


1,403,157 


1, 527, 324 


1, 920, 047 


6, 665, 837 


3, 115, 558 


9, 120, 062 


21, 628, 825 


7 


278, 284 


276, 393 


325, 711 


910,613 


436, 639 


1, 339, 303 


1, 978, 536 


8 


4, 152, 755 


4, 599, 136 


5, 776, 595 


17. 077, 203 


8, 691, 127 


24.018,453 


54, 720, 110 





810, 161 


721.033 


840, 431 


2,110,848 


947, 119 


2, 240. 046 


3,120.001 


1(1 


297, 817 


322, 263 


404, 788 


1, 279, 724 


821,090 


3, 361, 669 


9, 965, 719 


n 


438, 833 


715, 194 


1,001,364 


3, 045, 613 


1, 485, 853 


4, 103, 266 


6,810.017 


12 


215, 132 


284, 103 


403, 801 


1,250,793 


605, 407 


1, 846, 356 


4, 282, 575 


13 


1, 683, 506 


1, 625, 313 


1,941,517 


5, 429, 230 


2, 675. 393 


6, 991, 694 


19, 380, 397 


14 


873, 178 


1, 066, 180 


1, 377, 851 


4, 251, 862 


2, 249. 728 


6, 695, 643 


11,216,024 


l.-i 


165, 872 


134, 948 


193, 148 


290, 866 


93, 464 


220, 221 


64, 623 


16 


4, 152, 755 


4, 599, 136 


5, 776, 595 


17,077,203 


8, 691, 127 


24, 018, 463 


54,720,110 


17 


5, 706, 575 


4, 951, 251 


5, 043, 018 


11, 940, 956 


4,635,949 


9, 476, 138 


13, 331, 163 


18 


669, 914 


514, 504 


493, 630 


1, 279. 929 


582, 095 


2,019,166 


3, 818, 667 


19 


35, 258 


41, 026 


53, 148 


137,816 


65, 180 


156, 849 


295, 674 


2f 


60, 369 


51, 567 


61, 438 


113, 674 


46. 806 


75, 362 


81,015 


21 


24,782 


25, 753 


26, 855 


60,711 


30, 346 


44, 738 


64, 613 


22 


64,708 


48, 780 


49, 924 


118, 459 


41, 273 


113, 085 


278, 232 


23 


6,190 


11,214 


20, 167 


110,224 


64, 460 


242, 196 


998, 794 


24 


3,944 


7,319 


10, 972 


36, 745 


18, 333 


43, 906 


68, 114 


25 


6, 561, 740 


5, 651, 414 


5, 749, 153 


13, 798, 515 


5, 484, 442 


12, 171, 429 


18, 926, 171 


26 


• 4,490,787 


3, 863, 343 


3, 870, 653 


9, 100, 876 


3, 489, 017 


6, 906, 988 


10, 265, 541 


27 


306, 878 


248, 200 


195, 848 


505, 641 


218, 472 


690, 546 


1, 610, 862 


28 


244, 943 


163, 041 


136, 394 


195, 908 


51, 573 


74, 293 


48, 659 


29 


87, 858 


62, 012 


59, 540 


124, 348 


45, 609 


121, 758 


161, 906 


30 


41, 152 


41, 090 


49.019 


129, 061 


65, 165 


220, 485 


549, 027 


31 


61, 905 


66, 285 


92. 839 


258, 139 


106, 352 


317, 188 


473, 300 


32 


39, 023 


31, 051 


31. 978 


63, 209 


22, 702 


47, 517 


39, 630 


33 


87, 949 


84, 593 


100. 698 


276, 575 


131, 278 


390, 193 


713, 921 


34 


6,319 


8,609 


9,757 


29, 022 


16,445 


33, 681 


62, 972 


35 


1,844 


1,765 


2,017 


4,063 


1,270 


1,768 


1,113 


36 


915, 769 


781, 325 


828, 675 


2, 047, 143 


843, 616 


2, 104, 186 


2, 493, 189 


37 


6, 284, 425 ■ 


5,351,313 


5, 377, 317 


12. 733. 985 


4,989,489 


10, 807, 603 


16, 320, 119 


38 


277, 315 


300, 102 


•371, 836 


1, 064, 630 


494, 953 


1, 363, 826 


2, 606, 053 


39 


267, 181 


281,569 


340. 6^6 


917, 560 


412. 160 


1, 077, 725 


1, 539, 145 


40 


36, 731 


38, 686 


46,812 


126, 156 


56, 671 


148, 195 


211, 733 


41 


2,074 


. 2, 121 


2,329 


5,504 


1,195 


3,432 


5,682 


42 


38, 806 


40, 807 


49, 141 


131. 660 


57, 866 


151, 628 


217,415 


43 


238, 510 


259. 294 


322, 695 


932, 869 


437,087 


1, 212, 198 


2, 388, 638 


44 


122, 763 


144, 035 


210. 809 


669, 692 


347, 507 


1, 115, 729 


1, 914, 555 


4,'> 


8,038 


10, 389 


15, 244 


35. 056 


5,377 


17, 236 


16, 954 


46 



64 



STATISTICS OF INCOME 



Table 5. — Corporations submitting balance sheets, 1935, by total assets classes: 
year nearest thereto, compiled receipts and compiled deductions, compiled net profit or 
paid, for returns in the aggregate and for those with net income and with no net 

[Total assets classes and money 

PART III. RETURNS 



Total assets classes 



Total 



Under 50 SO to 100 



Number of returns with balance sheets L. 

Assets: ' 

Cash'.. 

Notes and accounts receivable (less reserve for bad debts) 

Inventories 

Investments, tax-exempt * 

Investments other than tax-exempt ' 

Capital assets— i^and, buildings, equipment, etc. (less 

depreciation 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 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 operations '" --- 

Compensation of ofBcers — 

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 (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 



262, 130 



157, 831 



33, 481 



14, 703, 377 
21, 277, 358 
4, 583, 367 
16,826,517 
60. 644, 052 
55, 093, 082 

7, 715, 357 



158, 899 
575, 372 
444, 590 
10, 467 
108, 255 
1, 062, 358 

280, 432 



99, 316 
426, 010 
275, 660 
16, 409 
146, 085 
1, 197, 624 

218. 706 



180,843,111 



2, 640, 373 



2, 379, 810 



13, 699, 354 
33, 198, 296 
71, 208, 104 
10, 520. 381 
41, 355, 612 
21, 512, 571 
10, 651, 207 



1, 142, 738 
360, 931 
345. 867 
144, 633 

1, 973, 487 
210, 3,38 

1, 537, 621 



680, 830 
468, 388 
183, 707 
127, 247 
1, 320, 347 
241, 524 
642, 233 



180,843,111 



2, 640, 373 



2, 379. 810 



22. 133, 001 
8, 391, 238 
1, 699, 800 
1,011,068 
163, 399 
334, 593 

1, 461, 480 
507, 722 



3, 806. 947 

1, 132, 243 

9,220 

66, 937 

4,951 

37, 140 

3,442 
723 



1, 868. 066 

375, 510 

8,617 

60, 081 

4,272 

19, 001 

2,288 
935 



35, 702, 301 



5, 061, 603 



2, 338, 771 



17, 795, 136 

4, 688, 669 

910, 409 

662, 325 

2, 032, 417 

1, 129, 104 

607, 340 

1, 399, 211 

166, 781 

163, 604 

7, 363, 320 



3, 087, 426 

676, 037 

339, 358 

183, 672 

39, 700 

45, 986 

48, 371 

81. 245 

1,444 

16, 306 

840, 881 



1, 541, 485 

218, 151 

103, 020 

48, 635 

37, 033 

34, 539 

26,645 

52, 165 

1,338 

7,625 

399, 455 



36, 918, 315 



5, 360, 425 



2, 470, 091 



1, 216, 014 
3,185,216 
20 
1, 216, 033 
1, 277, 523 
23, 171 



298, 822 
302, 988 

(16) 

298, 822 
12, 982 
5,392 



131. 321 
134, 543 

(16) 

131, 321 
7, 258 
1,182 



» Excludes returns for inactive corporations and returns with fragmentary balance sheet data. 

2 See text, pp. 11-16. 

' Includes cash in till and deposits in bank. 

* Includes obligations of States and Territories or political subdivisions thereof, obligations of instru- 
mentalities of the United States, and obligations of the United States or its possessions. 

« See text, p. 13. 

« 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 
operations," see "deductions." 

8 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. 

• Includes taxes reported in "cost of goods sold." For method of tabulation, see p. 10. 
w Includes taxes reported in "cost of operations." For method of tabulation, see p. 10. 



STATISTICS OF INCOME 



65 



number of returns, assets and liabilities as of Dec. SI, 19S5, or close of fiscal 
net loss, net income or deficit, income tax, excess-profit tax, total tax, and dividends 
income — Continued. 

figures in thousands of dollars] 

WITH NO NET INCOME 



Total assets classes— Continued 




100 to 250 


250 to 500 


500 to 1,000 


1,000 to 6,000 


5,000 to 10,000 


10,000 to 
50,000 


50,000 and 
ana over 




32,070 


15, 547 


9,847 


10, 175 


1,528 


1,237 


414 


1 


253, 958 


323, 422 


470, 325 


1, 548, 551 


781, 199 


2, 120, 505 


8, 947, 202 


2 


817,632 


857, 340 


1, 053, 282 


3, 140, 973 


1, 440, 478 


3, 077, 286 


9, 888, 984 


3 


429, 491 


349, 287 


379, 766 


764, COS 


308, 639 


601, 879 


1,030,052 


4 


85, 199 


191, 832 


344. 957 


1, 376, 237 


741, 595 


2, 091, 797 


11, 968, 023 


6 


446, 563 


690, 682 


1, 140. 274 


6, 233. 049 


3, 170, 581 


8, 959, 512 


40, 749, 051 


6 


2, 614, 788 


2, 632, 465 


3, 015, 987 


7, 875, 708 


3, 779, 889 


7, 192, 551 


25, 721, 711 


7 


403, 721 


431,947 


623, 527 


1, 282, 261 


428, 647 


1,017,945 


3, 128, 171 


8 


5, 051, 352 


5, 476, 977 


6, 928, 118 


21, 220, 784 


10, 651, 028 


25, 061, 474 


101, 433, 195 


9 


1, 122, 617 


966, 163 


1,066,317 


2, 588, 385 


1, 007. 666 


2,003,855 


3, 120, 782 


10 


1, 123, 956 


1, 163, 389 


1, 354. 928 


4, 008, 187 


2,193,413 


4, 687, 872 


17, 837, 231 


11 


751, 529 


1, 192, 259 


1, 847. 696 


6, 493, 406 


3, 172, 428 


8, 316, 210 


48, 905, 001 


12 


329, 191 


382. 823 


483, 163 


1, 543, 959 


798, 342 


2, 021, 025 


4, 689, 999 


13 


2, 216, 240 


2, 070. 462 


2, 267, 463 


5, 762, 455 


2, 630, 155 


5, 408, 748 


17, 706, 255 


14 


571, 100 


682, 585 


872, 282 


2, 963, 416 


1, 619. 308 


3, 765, 505 


10, 586, 512 


15 


1,063,281 


980, 705 


963, 731 


2, 139, 026 


770, 284 


1, 141, 740 


1,412.586 


16 


5, 051, 352 


5, 476, 977 


6, 928. 118 


21, 220, 784 


10,651,028 


25,061,474 


101,433,195 


17 


2,492,917 


1, 751. 283 


1,716,185 


3, 226. 859 


1, 235. 325 


2, 567, 191 


3, 468, 229 


18 


433, 535 


277. 571 


314, 488 


793, 988 


425. 976 


976. 013 


3,661,913 


19 


23, 088 


34. 754 


49.719 


173. 689 


83.815 


194, 318 


1, 122. 580 


20 


127, 199 


120. 039 


110, 710 


167, 639 


63. 672 


92, 540 


202. 251 


21 


6,626 


8,323 


10. 288 


30. 781 


12. 347 


27, 886 


57, 924 


22 


28, 642 


23, 571 


25, 972 


59,689 


23, 379 


45, 833 


71, 467 


23 


9,718 


12, 297 


22, Ofil 


134. 060 


78, 502 


237, 490 


961, 621 


24 


4,345 


8,635 


15. 703 


60, 641 


26, 492 


72, 842 


317, 406 


25 


3, 125, 971 


2. 236, 473 


2,265,125 


4, 647. 345 


1, 949, 508 


4,214,113 


9, 863, 392 


25 


2, 054, 633 


1, 438, 843 


1, 414, 736 


2. 585. 254 


975, 722 


2, 018, 627 


2,678,410 


27 


246,144 


153, 690 


161, 254 


307, 626 


161,446 


476. 264 


2, 288. 056 


28 


115. 305 


69,887 


57, 128 


93, 387 


26, 525 


43, 109 


62, 689 


29 


53, 558 


37, 183 


39. 241 


72. 758 


35, 057 


60,727 


131,494 


30 


79, 763 


82, 487 


100, 223 


280, 785 


140,311 


283, 966 


988. 149 


31 


67, 007 


64, 948 


71, 296 


172,619 


75. 245 


165, 436 


432, 030 


32 


45, 520 


41, 730 


42, 062 


111. 096 


42, 646 


84. 812 


164, 459 


33 


88, 574 


79, 494 


89, 658 


227, 353 


100, 319 


219. 698 


460, 704 


34 


2, 855 


3,423 


6,633 


22. 634 


13. 900 


42, 551 


72, 001 


35 


12, 985 


10, 533 


10. 670 


36, 534 


16, 031 


39, 103 


13,817 


36 


565, 326 


422, 726 


465, 891 


1, 128, 057 


614,397 


941, 984 


2, 084, 603 


37 


3, 331, 669 


2,404,945 


2,458.793 


5, 038, 102 


2, 101, 599 


4, 376, 276 


9, 376, 414 


38 


205, 698 


168, 471 


193, 668 


390, 757 


152, 091 


162. 163 


" 486. 978 


39 


219, 761 


189, 403 


231, 433 


585, 458 


257,086 


472, 495 


792, 050 


40 


(16) 


1 


1 


3 


3 


4 


8 


41 


205, 698 


168, 472 


193, 669 


390, 759 


152, 094 


162, 166 


IS 486, 969 


42 


18, 834 


17, 658 


31, 005 


147, 549 


66, 971 


192, 566 


782, 699 


43 


1,194 


1,629 


1,999 


10, 120 


660 


996 


(16) 


44 



» Excludes taxes reported in !'cost of goods sold" and "cost of operations." 

«2 For limitation on amount of net capital loss that may be reported, .see section of this report entitled 
"Revenue Acts of 1913-1934 and certain tax provisions of the National Industrial Recovery Act (1933); also 
the special excise tax under Act of August 5, 1909," p. 104, footnote 5 (c1. 

13 Excess-profits tax of $19,584 appears on returns submitting balance sheets, with no net income for income 
tax purposes. The credit for interest received on certain obligations of the United States and its instru- 
mentalities, which is allowed against net income in the computation of the income tax, is not allowed against 
net income in the computation of the excess-profits tax. (See article 1(4) of Treasury Decision 4469, "Reg- 
ulations relating to the excess-profits tax imposed by section 702 of the Revenue Act of 1934.") 

'* Compiled net loss or deficit. 

" Compiled net loss plus total tax. 

»« Less than $500. 

I' Compiled net profit. 

i« Compiled net profit less excess-profits tax. 



66 



STATISTICS OF INCOME 



<» S 



o ^ H 









a o.-S 

« C d) 






£"S o a> S 

n S >: a.2 



O d 



Oi C3T3 " 






® s 



oS? 



0-T3 a ^ 






"3 tn « .2 i "a 

a 



J3 (S C > oj 



3 I- 3 ■— 03 33 



»0 -H Oi 00 OS b- t-- 

CC r^ CO 05 h- "5 CO 

CO -^ CD lo a; Tf CO 



CO -^ O Oi t'- 1— I CO 
-^ t^ ■'f -^ CO O CO 
dCO ^ O'^ t^«-t 

*-H t-H co' CO CO ^ cd" 



OSCOOtT COOON 
M -^ (N CO CD Tj« t^ 



^ ^ CO CO CO IM CO 



00 <-H fH O t^ iC OS 

^ r- Tf CO 40 cc (M 

C^ ^ ^ C^ CO CO i-H 



(N T-H CO C^ CO t* CO 



t-H lO TT CO CO CO tM 

Tf lO o -^ o o ^ 
CO t^ CO tt a: i-H 00 

TP* C^' CO' CSf rH CO*" 



CO CT) CO 00 ^ .-H lO 
lO Ci CO O iC O: CO 
O 00 (M CO Tf 00 00 



CO <M (N -'t* O O CO 
C^ .-H CO (M CO t^ CO 



lO CO w CO 64 t^ lO 
00 Ci <— I O 00 00 C^ 

w" oo' co' co'' o oo' 



O (M »0 O 00 CO »0 

'^ 00 c^ 00 00 r* (M 

OHM CO 00 CO .-t Ol 



1-H iC CO ^J* Ol c^ c^ 
^ F-< CO CO -^ O CO 



O 05 Tf CO •-• CO 00 
CO OS Oi CD CO 05 rH 



1-1 Tt'CDCO 



CO C: -H -^ lO .-I 

01 -^ O CO CO lO r-l 
''J* CO Tf to CO Ol :^ 



i-H C>1 CO CO t--. 00 ' 



CO 1-1 CO oj i-H r^ c> 

O '<*' C^ CO O CO CO 
UO C^ CO O <M O CO 

»o oo i-T'^*" eo' Tf" 

_, rH r-t C^ C^ 



■^ coo t^ 00 ooo 

N Ci 00 *o CO r^ CO 

CO r-l O CO iO — « c^ 



1-H C^ CO t^ 00 c^ cs 



«-' CO I-* Oi f— t r>- CO 

OS O --H O 00 lO lO 
O r>- rH i—« Tf ITS CO 

c CO w lo '^jTt^c^ 

rH ^ -<t* "^ U? iM r* 



»0 O *0 oo O lO 00 
CO Tt« lO lO b* o -^ 

■^ CO O t— lO CO 00 

N CO O* O' (N <0 Co" 



■^ CO O t^ CO «— I CO 

CO ":= r^ (>» « oi CO 

C^ -^ -«JH C^ *0 Gf3 OS 



CO CO Oi O 00 00 'J' 



co-^oco^oosi^oo.-i 

COCDfO<-H<NOi-(_ „ 



)T^ (M rH rH 



^QoSb^-^-OOP^ 



oo^-^--r 



00 h- Oi CO CO -^ r-t 

C^ 00 Ci O Oi CO CO 



.-Ht^OiOO(>JiO-«t*»-H 
t^CNCOCOCOOiCO^ 
-*t*CN»OOiMCOOCOOO 



^C0»0'**'rt<— .^f-H 



ooi-<coooaioOiO 

lOOO— tC^c:c^coiO 

^^r-ait^'<**cot^ 

^"coio CO* CO crT'^ —T 



TfOCiCOCStCiCOO 

oir-t~^oooTfO^ 

OOCO-^iO— <WC^iO 

00* o '<**"oo'''^co -^ t-T 

CM <N CO C4 M lO M 



-rt< o <N 'Cr- -H cs -^ 00 

C^iCCMTpOCCt^Tt^ 
COCOcO-^iOtft^iO 

00 '<*''' tC CO Tp" lo cm" 



C^OOCOCDiOCOiOCM 
OOi— 'OOOOiOCMiM 
COOOOif-tCMCOOO 
O »C *0 C<f t--r (M*" oT 

^ ^ CM CM i-H Tt* r-t 

^H CO 00 Tt< 'O CO TT ^ 

CMTriio-^cr-co^ci 
oc)t^u:»«:'oo-*'co 



cocor-iowi^CMb- 

t^ CO 00 en CO c^i tt r^ 

i-HO^i-T^OOt^CO 

T-T CO Tf" c^f cm" oT oT cm 

''^^rPOOCOOOCi-^C^ 



CO O F-H t^ CO CM t^ 

00 "^ -f 1— < 00 CM O 
O O: <— I r}< CO 00 t^ 



1-4 CM t^ 00 CO »0 lO 



CDOCr-OCMCOCncO 

or-CMoooosO'— I 

COi-<COCO»-t»OCMCO 

00 C? CM O CO o tC-s*' 

1-1 CM CM Cs) CO ^ 



00O-^OCf:00'^C7i 
o:oo-tt^coooc-i'<ro 

OOO-^COOOCMt-- 

i-T o' »c cm' cc' oo" 00*" CM 

CMCM'<^C0C0t^.-4CM 



eOTftcfif-ioocoocx) 

o CO CO c^- r^ CO .'jo Oi 

t^-^CMOOcO-HCM— t 



OCD'^OOOOCM.-t 
iOCOtJ'tt'COCMCMCO 

l-< <-< '-^ -^ l-H 



^HuDooi>>r>.coo»o 

00 O C'J 00 CM CO CM 00 
COr-(OCOC5CCCO'<f 

CO Tf*" CO T-T '.sT rC CO oT 
co-^oiojowcotp 



t~-*OcOTj«-^Tt-c:iiO 
Ot^CMCCCDC^lOOCM 
OOOOCDCMCOrr^iOt^- 



lO t^ to CO CM CO CO 



iOOCOCCai»OOCD 
TfCO^iOCMCOO'-' 

CMr-oo«-Hr-ococo 

CO" CD TjJ" CO' Tj* ^' CO Oi" 



rH i-l i-H CO 1-* 



t^-OOOCOi-iOCliO 
00 CM CM CM •'t CM rH 

CO C:s Oi "^ CM CM 



[OO O^-j 
>'7'OC O O 

, J,oo oo 






JiO.-<C^)»0^»Oi-<iO 



STATISTICS OF INCOME 



67 



i-H — (COC^O CO 



■*if '<»«" o" im" tiT (m' CO cc --*■ 



C^0iO'-H00(NC0"^'-< 

(©■^toaicooococ^o 
coiccor*'-*'-tcooa5 

Tt^ Tf o oi" lo" CO r-^ »o" »o 

^ .-H w CO ^ o CJ 






,-iiOioiooh-c^^r>- 



cocooo a> o o c 



f-H C^ F-» CS f-t 



CT.lMCOCO^Ot^t^O 

^lO--.— .cor^Tfi-HOi 

^OOCOCS'-H'rfCNC^C^ 

co' od" i-T t- CO c>f aS i-T r-T 



CO»OCS10TPh-0-^i-i 
OO'-'^CncOC^COCOiO 

rrcococccsicco^oc^ 

^o" »o cT CO t-^ as" o cT o 
i-tc^;Occcicoococo 

CM ^ (N .-H 



COC^iO^t^— <O^00 

^ooicot~-cor-'-*ioo 
cOf. w CO r^ -^ o GO 



(Mcoooot^*--:'— 'ij^'* 
cxT to t-*' r-^ cs x* cvj' co" co 

■-<C0 rH-^t^ (N 



0000'-*iOC0C^)00'«t< 

C4r>-"<j*cnooGOTP»o 
1-H c< o CO co" CO o" cT 



co^O'<j'0'M^a> 

rf< CO tM Tf _-; CO 01 ^ 

00COCO»-HCOCOTfI>. 

i-Tco'odo cCio CM 

1-H CO CO -^ 



Ol^COC^t^Ci-— <t^O 

cor^cnot^co-^-^o 
cooouo--ir--o^c:cN 

CO CO OO' O" ^ CO C-f GO* CO 
i-l .-H C^ t^ CO t^ -^ 



CMr^TTCMCO-HGOwOCD 

C^^OCMCOO-^C-t^OO 

csooio^Hcocor^'-'co 



oiot^o^ooccr^cM 

CM-^--'CC"CO-HCO00 
rH 1-1 CM CO '«J' C5 CO 



COt^^t'-^iCCSOCT: 

OO'TTOCSOiOOcO 
C1^»0-^CM^I^CMC0 

t^oocooi"cpr^cO"^'"t>^ 
i-HC4t^C5C-ICIcOCMcO 

,-. Tf* CM iO TJ* 



iO-^'^r^CM-^TTCOfN 

CT)0:)CMC^aiCO^COC-l 

lOOt^COOCOCOCOCN 



,-«<MCO^OCStJ<CM 



CO-^COCOCOOOtJ'OCO 
OiCnoOOCCiOiOOOO) 
0*-«OCOCO'-'»0^'^ 

t^ cT CO 00 o -^ tC CO CO 

CM (M Tp Oi -^ tP iO 



co.CM r^ CO Oi t^ rH 00 t^ 



ioc^ "? T o o o o 

' o o o o ^-'-io o 

^iO.-hCM*Oi-HiOi— i*0 



ICCO'— ICO^OOCO-' 



^ CO Tj* i-H O CO 



t^cxocot'^cO'^r^"^ 

t--Tf:OCMCOCOOOCMO 
COOOOOiOco— "CDCO 



i-<t^«0<005iO'^'<*4 
.-t^ f-(i-ii-lCST-«C^CO 



lO^^OOiO--*.— iiOCO 
CO^Ct^^-CMCOCracOr- 

cocicotNr^cooicooo 



oo-— ''^t^t-^r-oiosco 

CMi-fOCit^O-^OCM 

cococO'^ojt^cor^'^ 



OO^-n-OOcD-^iOQOO 
TjiCOCO'Ot>-Ol>-I^CO 



»-i<MCrrOiOr-»^cCrf* 
O^'^iOCOw-'J^OCO 
COTt*cot--0:CMCOCM»r5 

co' »0 >n ■^*' to t^ ■^ CM* co" 
CM 1-i CM — I 1-1 rH 1-1 



COOOCTiO^JTSCM^^JOOO 
OOT-COTf<COCCOOi— t 
COTT-^OOCOOOt^-CMCM 



CM-«:r»OCTJCD'*COCOTP 
CM'-tCOCOUOCOCO'tfCO 



■-1 CO CM 



coo:corroo»oc3co*o 

OOCMCMi— lOOOOCCO^ 

co*or— -^cooi-^ooio 



lOOCSTfCOiOC^CM^ 
01'<*'COt--'*t<^t^dCO 



r-iMTfoo-^t^C5ccr- 

OtO^-^fCMCDcDOCrs 
i-.r-iCMTT'COCOTTCOO 



OCOCOOCOC O^^^H 
^ ,-t r-4 CM lO CM lO 00 



OTfcoococ;^'* 

COOiCMt^cOI-^OOC^QO 

coooioocor^CMcoco 
Th" CO ^ I-T -^ir to ^^ c^ CO 

»-H ^ C^ 00 CM CO CO 



TfCMaicoo5COi-<ioo 

COCMO:— •-— 'C0O»0(M 
CSOOOOCMCMO^O-^i— I 

tC tp CO oT cm' oT 00 oo" 00 

fH >— I CO ^ O <— I CO 



. — t CO Cft O CM CO O 

H CO ^ CO CM oi r^ CO 

4 CO t^ Oi <— I »0 CO *c 



CMcooor^GO'«rt^»0'<^ 

COCM»OCOcOt^OiOC' 



1-1 CM 1-1 



i-iOOOOOJOOCM-VO 
CM»OClOCMCCCMCCO 

CO-^iCiOrT'^'-HCOOi 



*<*•<— 'OTfCOCO-rOCO 

COOOOCMt?<00— «oco 

CI CM CO 1-1 CO CO 1-1 



^ 1-1 CM 



CMo^w^—'Ccr^^ocoo 
CMh.cocococor>-r^co 

OOCO'^'^O"^^'**^ 



os^t^^crcoocfiuo 

CO^OCMrf^f^CO^-^ 

1-1 r-t CM t>. Tt* O O 



asr^iccococo-^oco 
i-.TfcocMt^r^O'— «•-< 

t^OSCOOOOt^OSCMCO 
.-.* 1-H Tj^" V t>^ CO oT CO o 



Tj-iOCJ— "-HCOC^i—CD 

oococMtor^coocit^ 

CO^O'^'— 'OOCO-^O 



1— (f-<TfCOC0iOCOCO00 
^H^CMCMCOOCOr^^ 



CM'-<Oa:OCOCOC?lCO 
.-HCOiOCMOC'COOcD'-" 
CO ^ CM CO TT lO 



O O Ofrt 

g§5ga 



*X ' ' oooo 

) ,-H CM IC rH »0 >— < >0 



C&OiOOOSCOCMi-iCO 

cocoo«ooo:gocmgo 
ooosr-ooi— •■^•^i— »co 

t^ ^ GO iO CM t>^ cm" CO ^ 
■-•CO^OiOst-CDO 



TfCMaiOiOCOCD— iCi 
OOCOCOiOOiCMCOOiCO 
OCDOOOSOOCOCOt^O 



1-1 1-) Tt« c^ lo r>- 



CMCMiOC^*OI>-OCOCD 

t-^c^cj'rr''— lOiococ-i 
c^ocMot^io^aoco 

Tt^ lO OT CO CO CD CO t^ O 

c^eooiCMoocoioc^it-- 

T-( rH iO CM CO O 



OCMCOr^CMCOI^iOO 
t-<r^— HOiCMcOiOO^H 
C0TfTt<Tt*O-!**CCC0Cft 

oT c^ CO oT rC |C cT co" ^ 

OOOS'-iCMIVCDr^O"^. 

^ . - - . »o 

C^ CM CM CO C^l to r-t 

cocMcocor^c-iai>o— < 

OSt^COCOCOO'^OO'tJ* 

coo^or^io-— (Tfioco 

Oi t^ t^ cm" I-T CD oT CO CO 
OO i-i t-H i-H I— I CO »0 iO 



I CD05 
iCMCC 

-GOO 



t^ 00 CO t— Ci 1— ) 
00 GO <^ Ol CO 1— < 
coco CO LO CJ CM 

Ol d Ol Z3 

- . _ -<*" t^ i:?* fS 

O) CO iC CO t^ » 
CM CTCO CM*iO ■■ 



»-<COOCMCD'<*'l^'>*<|. 



) GO t^ "O ■■ 
, . , ^ CM t-- t^ C- 

3 »0 Ci t^ C<l Tj^ CM 

"O CO CO O^* CO 
^ QO CD CM CO ^ -^ 

I CO lO 00 Oi CM as 

I—" CM C 



OCDCDCMOOCMt-- t^Oi 



. »-( CI •— — ' p^ Oi 



3 CO t- 
-wo 
1 C<l lO 



_ X ^ c^ ■^_ 

to to O -^ CI to 

cToo CO co""^ 

O CM -rj* cr 1— ' 
to !:>- ^ Ol »0 CM 



r*i— 'OiCOCM-rj-GTi— ' 



CM 



I to 



iCCDGOtOCO-^C^lh-CO 
Oi'-HtOiC'^-HOi— "to 

COCOGO'^OOt^OOS 

o' -H GO cf CO r^ o" lo CO 

i-hCMI>-CMC0(MO0:|^ 

i-H ■— I CO CM CO ^ 



OOOr- fOCOt^M— 'CO 
OOCDOOCM'^COCOiO— I 
»-<Oi— <CMt^C^I^cD»C 

r-T 00 CO --T CO 00 ^ r-^ o? 

i-ti-C^^OOO-r-. •'J'CCCO 



CO— 't^t^O00Cl0rN>O 
CMOOOlGOOOOi-'tOO 
C000C0r^'«**O':CC0'* 

i-riococfcscocrrcOTf*" 

OOOi-HC-lCOOOTTO 

CM CM CM t- CO h- O 



t^O»0-t<CMC0C>»-0C^J 

OCMCJr-»CM— <^CO^H 

co-^co^ococococot-- 



C^Oi — coi3«OCMoreo 

ai"COc^jr^'«r— 'cct^ 

COC^^COC^Cit-CMW 

to CM ^ TjT ^ o !^ rC 00 
os'^OJ c: oc cr. CMtoeo 

r-lCOTt*COOOlOCO 



COOOGOCO^CM— ^tCGO 

ooTj«coCMOcor-r^co 

CDOOCO^-*OCMO;C^ 



i CO -«*< CM to CM OS 

-T ^^ CO 



TTiOtOCOC^CMO'-*-^ 

r-ito-^occM'— "cn-^co 

COOoOCOCMCOr-OOCM 

(d" cm' -^ CO Tt^ o 00 r-^ o 

.— (tOtOC^OSCO— -lOcO 
1— lr-tCOCO'>3*COCO"*CO 



CMai»O^OCM-HOTj< 
O-^CM^COO-HCOOO 
CM-HCMOr^OC^CO 



i iJgo 

'OOOtI 

>§S-27 =« 

^ V o o o o 
o o 



)0 lOO . 



68 



STATISTICS OF INCOME 



U S 



5 "" 






« fc S) 






o © 



t: (B o « c- 



^4 e ^ VI -AA 









'ill 



fi K <= .S i "c 



^ C3 S _> D 

Q S O s <S 
= §'■ 



3 ^ = ~ 5 5 



S^-3- 






N CO -^ *o o ao Oi oo 



OlCDCOC^COOOJOlO 









io<— ioot--eoco»o 






0(£50Q0050r^t^rO 



t^ — <" t^ T« CC Ci" O lO 1-h' 



oociOcct^t^occcTr 

•-HCOC^CCCIXOC— 'Ci 

Oi rdo ic o -^ or oc" fo 



(3i-^OiCCCiC'^OCN 

oc^coc^r^c^ic— It— ( 

«0 Ci -^ OO »-( -^f ic CO 



^^ — <" 00 •— " '>f CC X' UO o 



«oocicsccr^O"^o 



CiOcc^cClOO»0'^lO 

l-( — < Tf< « Tt* -^ 






c^ CO o cc iC' c; 'O 3C lO 
1-H CO oj too 



ocr03Cc;ccociOcc 



»cxc;c:^cooc^»o 
— 'rouoj-Hiooct^io— ■ 



r^ o CO ^ lo C: o I 
00 X t^ cc »c c; <c I 



tC-^CSCi— 'CsCOCOCO 





CO 


188 

180 

396 

431 

638 

1, 397 

690 

1, 514 

3, 073 




rf 


nT Cf ■»■<»>■■ N lO —1 x" •-- 

— ■ — 1 c-< •«• -H « t>. 


X tt x w S ~: S S So 
^ = X £ X o ~ o S 


2 



c:rorct-^C^o^c*^c*3C^ 

•-O!M00t^®-^t-H.-( 



iC -H c^ »o — ' > 



" o o o o 

c o o o 



-^, O C UO o ^"-o"© 



OSO-^idCOOOCSCOOi 

c«cOTrcc^'<*"'^ooco 



^Hi-fiOOOC^IOOOSC^TT* 

i-H -^ 1— I r^r^ 



Oi'— 'io»ocoa>*ct^io 



t-H ^ i-H CO CO cso t^ 



osc^it'-oasoiooo— ' 



c^Tj»cscoascj«oio(N 

.-( rl r-HO CO OS <-< 



'^"r3coiO"<J'Ciooco 

CO0035WCOCOCO<©^ 



OCOXt-^OcOcCfOCi 



^-^t^coc^^CM-rOCH 

eOCSDC(M<MCCCSQ«D 
^^COO—iCN»^'-'^CO 

-^~ i-T c<r ^^ ^^ Tp p-T lo '^ 



OO^iOCOfNt^O— '(M 
.-iTft^C<»X»OC^COCO 

oc^c^tooccnxcocs 



cocoTj"C^-st*cOTrcc<c 

'<rr^ccoocr5coTt*o 

1— (.-iCOTt*iOC0CO— tco 



^ ^ (M 



cc-Hioci-rOOt-'X 
oO'^'^c-j-^jir-coo 

OiXJX'CNJCOCOt^^CC 
CO -^ CO OO Ci tc -^ 

r-l CO CO 



cDOxcocoTf — or- 
ir;o;o»OCT!CiOcoo 



lO w -H O O C 
CS CO t-- O OS c 



OOiOiOiCOOtO-OlX 

"-'xr^r'-r-Cifr^uoco 

^ Cf ^ lO Oi" »0 00 lO (N 
.-I ^ 1-t t^ CO ^ UO 



COTrXCOCOiOTTUtt^ 

co«or^ioococi-o 
« CO x* cT cT cs x' QC r-" 



c^ric^c^(>j — cocsx 

OOSuOOCCXXC^CO 
t^Tj'iOXC^J'^OTj" — t^ 

O' CO* O* Oi" O' X' C^ Oi* -h" 

.-(wcocsTrcscocDC^ 



iO 



^ tT X t^ X UO CO X UO I 05 

occ^CNjco-^cCTTcoro 

1-1" CO r^ V o cT cc" cT CO 

■^coco-X'^Oru^c^r^ 

»-< fH C^J CO CO O 'tJ* 



«OCNCO'^uO*0'*t^O 

-^CN-TCO'^"^!OXuO 

■^Oit^x-^— 'o; --oC 

O OT 00 -^ «0 05 CO* oi" ^ 

5 CO CO ■<*• CO 

C^ ^ CO ''^ 



csc^r>-ocosccco-<*'cc 



;o o oi — o X 



(O-^^cocr-coxx- 



rH CO CO -^ ■^ I 



^ .-iC^ 



■^lOC^rcOC^OXTf 

—iXJ-^C^-^'uOiO-^J-^H 
00 00 O »OCO CO 



='o° rS 



S = "o o ~i I I i o 
•c => ^ "? 7 = == S = 

.-, O O UO o ^..^-c o 

►-'iO«-<C^iO<-«uO.-itO 



STATISTICS OF INCOME 



69 



237 
130 
602 
955 
876 
5,302 
1,403 


llN 

100 


00* 


CS P-* CM r^ CD >— ' O 1 
cs OOJCOTf |-*0 ' 
r^ cs OS t^ GO 00 !•* ' 

{^■^CO^OiOOCO 1 


i>«r 


CO 

o 


r- OS cs CO or r^ t- i 

cs -^ CO CO O: CO ^ 1 
CD CO r^ CO CD Ol O 1 

t-^'^" CO to id 00 CO 1 


100 


o 


193, 594 
139, 486 
236, 438 
185, 396 
170, 284 
413,742 
168, 626 


!2 

iO> 

ief 


1 
o 


6,768 
2,854 
4,318 
1.818 
2,432 
2,863 
820 


ilN 


to 
o 
Tji* 

CM 


185, 886 
135, 636 
230, 112 
182, 093 
166, 082 
405, 327 
166, 192 


ii 

1 cc 
1-* 
,5 


to 

i 


^ 23, 002 

' 10, 029 

' 12, 651 

9,641 

'639 

4,781 

944 


is 

100 


00 

to 


47, 345 
44, 204 
76, 655 
61, 892 

48, 825 
118, 572 

26, 894 


ICC 

Ic-f 

■ o 


o 

s 


3,945 
4,207 
13, 491 
10, 443 

14,919 
4S, 1)03 
18, 800 


il 

. U3 


CO 

00 


6,486 
6, 955 
16, 003 
12, 279 
19, 667 
66, 696 
36, 400 


ii 

100 


CM 


26, 428 
22, 075 
39, 279 
30, 670 
33, 089 
62, 128 
18, 354 


ilN 

IS 

it~ 


i 

i 


68,916 
72, 981 
144, 455 
123, 272 
125, 322 
330, 229 
112, 128 


loo 


oc 

CO 


36.844 
39, 048 
77, 021 
61, 482 
65, 540 
157, 577 
58, 816 


i§ 
is 


to 


9,928 
10, 364 
22, 419 
18. 940 
21, 607 
48, 364 
16, 588 


1 to 
Ito 

ICO 


00 

% 


14, 049 
14, 198 
25, 066 
22, 385 
21, 157 
54,314 
17, 277 


1 o 

ig 


CM 


3,742 
1,029 
936 
355 
183 
165 
16 

8 13 


" i 


o 
to 


Under 60 

60-100 -. 

100-250 .- 

250-500 

500-1,000- 

5,000-10,000 

10.000-50.000 8 


O cS 

So 


■3 

o 



csoooocococor^'<*« 
OSTfCO^— tt-^^co 
ocsoeot^co.-<oo 
cs »-H CO TfT ^ cs t^ r-7 



gCO M« cs CO lO -"^ CO 
00 uo r- — ^ CO o 00 
O'^OcDTfOOiOO 

CO*" cs CO OS N od N cs 



OsOOiOCSCSOSTji^ 

OOiocsoo-^^co 

^lO^t-cDr-^OOcD 
CO CS CO cs' CST O cs" CO* 



CSCOCSOOSCS'^iO 
.-lOt^-coos-— ico-^ 

lO^-^OSOt^iOCO 

O -^ Os" 00 O t^ CD CO 
COCOCOOS'^t^'— ICO 



CDiOt^'-iOOOCOiO 

iocd-^csttoooocs 
cswcscocscscocs 



oscot-^-^h-cocsco 

r-o»oiccDcococs 

Ot^^OSCDCOI>-CO 

o co' CO r-T 00* ^' rj^"" o 

COCOCOCSCOt^— ICO 



1— lOOOOCD'^t^cOCD 

OTj-ocoosr^Osr^ 
oc^ocr-cooosco 



hCO b-COOOCO -H 
1-1 CO -^ CO t-* 



t^ich^r^cocscDcs 

TPCDt^t-CSCSOSiO 

»040<-'CS'— i^-^CO 



<Ot^OO-*CSOOtO 

i-< cs CO ^- cs cs 



t^cor^-cs-fcocsr^ 
Ocsosr-Ciocoo 
cs-^'-^r^cs^-oio 

cs"co' »o' r^ lO oo" 



CDl^COOOOOOSCOO 
OCD^crsOOOQO 
Tft^OOOOCScDi-Ht^. 

i-Tcs coco*"co otf 



OO'^CO'^J'^t^^OS 
<— tOSCDOSTT'^^-'O 
COOOCOCO'^OS'-'OS 

cs cs t>^ OS r^ t^ CO cs" 



lOOcO'^-^— <C5CO 

CioiOTrcs»oo>cD 
csx^-osiococsos 

cs CO cd" r-T CD ^ CD co" 

rH.— iCOOOSf'-OS^- 



CSCOf-uOOtO^O 

COO^O^-HCD'— 100 
OSOOOOCOOCDOS 

kOt^t^i-rosr-Cco'co 

.-I CO Tj* CS CO CO 



t^coiO^CS*-<«-OCS 

t^OicoosiO'-«oor^ 

t^csoscocsoocsr- 

»-h" c4" "3 cT id" o o cs' 



coiocoo»ocO'-<r>- 

■«fCsCOCOOiO— 'CTS 
CDCOOtPOOOSiOO 

c<f CO*" 00 o 00 r^f XT -f 



eoiocs^i^h*-^— < 

OCSCOCOCOCO.-ii-( 
lOCSCSr-^i-l y-t 



. .oo ^ 

O O O Ti 

,js§sg 

; o lo — 1 

= Vocb oo 
, J,o o oo 
?S°-°.o-o- 

J lO i-t lO <-! lO 



WOOCMt^OOO 1 1 
,1 CM rl n< rt 00 1 1 

■^ 1 1 


iS 


i 


'1,644 
' 1, 226 
' 2, 208 
' 2, 396 
' 2, 544 
' 4, 726 


lOl 
ICM 
ICO 




» 1, 544 
'1,217 
' 2, 207 
' 2, 385 
' 2, 536 
' 4, 616 


lOJ 

i" 


1 


25, 794 
16, 831 
32, 124 
36, 021 
31, 950 
64,252 


;s 

1>0 
ITT 


C4 


811 

592 
966 
253 
124 
1,296 


.CM 


laf 


24, 822 
16, 121 
30, 948 
35, 353 
31,477 
62, 123 


iS 


o 
g 

i 


' 5, 109 
' 1, 805 
' 2, 205 
2,520 
2,276 
13, 869 


iCM 

too 
■ co- 


1 

?5 


9,811 
6,944 
14, 097 
18, 047 
20, 840 
31, 824 


ll^ 

l-v 

Ico 




569 
756 
2, 261 
1,762 
4,376 
6,450 






1,163 
1,060 
3,538 
4,278 
8,810 
13, 203 


IS 

iCM 


CO 


4,997 
4,265 
8,513 

10, 246 
8,205 

22,245 


itO 


00 


13, 542 
12, 783 
29, 220 
39, 384 
47, 559 
93, 002 


ig 
IcM 


CM 
CM 


6.225 
6,326 
15, 895 
24, 076 
31, 732 
49, 529 



IS 

Ito" 


O 


2,397 
2,285 
4,806 
4,916 
4,111 
12, 792 


i :§ 

1 iCO" 




2,669 
1,947 
3,932 
4,515 
3,697 
14, 662 


1 iO 

1 Icm" 


co" 


COt^OSOt^tOCM- 
CO t;^ 00 1^ to ■«< „ „ 




"- 


Under 60 

60-100 

100-250 

250-500 

600-1,000 - 

1,000-5,000 

5,000-10,000 «. 


= o ca 

3S3 


o 



70 



!- C — 



a.> a 3 
O-cga 



» C <B 















2 a^ M ■« 



<D C Jj CO 



^ a O 03 






« « C0.2 ©"a 
u o I- 03 a 



X? 03 C > © 



(- ^ C3 ^ ^ is 



STATISTICS OF INCOME 



OC^iO^COC 



CO -H CO CO 



POCOOQOS t 

rtCOc5 ^t 



05-Hi0«-<OCS^CDU0 

eooo-H^^oooioco 
-HeONC<Os»0-<*'CO 



ow^o^osoi^r^co 
oosTr^co— 'lo— <t>- 

•-•C00»'-"iO'^CM^»O 



^^ CO 00 00 CO ""I CO C^ CO 



i-f'-HCor^'-'co'OcDO 

lO 00 -^ CO CO C-l c^ 



C^^COOSiOCO^iCOS 

■^OOsc^t^r^coc^ir^ 

OCOOOOTj-Ot^-— '<-< 



^COOOCO^O^^GO-^ 



CD— 'GOCDCOOSOSOS^** 
CCO^'OOC^COTj'Tt" 

voooo — os-vh* 



^iW CD ^ C^ I^ 

^ .-H t^ to 



loooocowr-or^^ 

»o^coc^^ooooc^co 
COiOOtorococococo 



« — I M OS 00 Oi C^ 



t^^cDt^aoi~^os»o-^t< 

COCOOS-V(NC^IOt>- 
i-HTTW-VCOCOC^CO 



i-H r* w c^i CO 



ooOto-^j-c^Troococo 

i-«COCOiO»OOOcDOOGO 
i-»C^.-iiO^COC0CDCD 






oc^r^coGOOfoor^ 

COCOttOXNOOSOOCI 

iO^Oco-TC^coor* 



1-t ^ tOCOOOC 



■^ w -^ -^ 



C0CO00t^t^'"»«'<**iOCS| 
C^C^tOOSC^OSCOt^Tj" 

«-HCscoos"^cDO»oai 



^-< lO CO to f* 



C^Xih-COGOcCC^t^CO 
t^OS'TOOSiO— (NI>- 

f-f^a-co — co«r--os^ 



^^ W CS CD CO 00 to 



OOOSiOCOOSCQC^— 't-^ 

oscoooos^f^oso 

I— tiO*OCOtO"J'^^J'GO 



^^ 1-H rt CO to to - 



CDOSO&COOSCO'^O'f 



' -OO ^ 

'^^^ a 
_ Jo lo =; r ^ 

OfN '-^--^'"OO § S 






: ''" i i i I'S 


i 


CC lO OS O -^ I 1 1 « «o 
r. »* r. t~ r- | [ J [»- 


CO 




^_ 


4,050 
2,442 
4,921 
2.913 
3,564 

'""i5,"50i 


i 


'^ S 1 1 ! I 1 


S 


4,011 
2,421 
4,636 
2,859 
3,504 

""'i5,"268 


i 


lO w -^ TT C^ 1 r 1 .00 
CIMt^OOO . 1 1 .O 
OOMOm 1 . 1 .<N 


-9< 

of 


1,480 
1,340 
3,095 
1,120 
2,229 

6,"946 




112 

60 

934 

585 

1,031 

"""12^424 


to 
Hi 


m tO(M too 1 1 1 .o 

N r 


s 

to 


896 
702 

1,439 
298 

1,434 

697 


1 


1,995 
1,903 
4.711 
2,864 
4,885 

30," 8.52 


o 


451 
484 

1,030 
304 

1,065 

3,"230 


to 

to" 


630 
593 

1,457 
756 

1,742 

""i0,"067 


s 

t-H 


677 
518 
1,224 
964 
869 

9," 225 


55 


O t^ Oi t>- t^ lO ^ ^ 1 . 
(N INCVI o «. «, ' ' 


to 


Under 50. 

50-100 

100-2,50 

250-500 

500-1,000 

1,000-5,000' 

5,000-10,000 «... 

10,000-50,000 « 

50,000 and over 

Classes grouped 


3 

o 



I 



STATISTICS OF INCOME 



71 



cotoosi-H-^oat>-cDco 

^ib-CDOS00t^"«J'OSOS 

co^*coo-^«oos^»-Tr 



W CO 00 CD 00 CO -^ 



OSOSCJ'^J'OOt'^"-''^ 
tO^OOt^'-HCOtOCOt^ 
OO^HOSOOOS'^i-l'^tO 

w* ^ o" to o 04" CO o OS 

^ fMM lOr-l ^ 



oor^-^coco^t^t-»cD 

CDCDOSTj<Ttt00X>CO00 

oo>-«0'-'»0'-<Tt«r^os 
c<f'^^co"^tO'^r-^o 

^ ^ C^ iO 1-H Tt* ^H 



tO'^'TpCOOCOoO^C'^J* 

coooc^o>ai'*--osio 

■^O'^J'C^OOOO'^—'tO 



-^J'-^Tj'C^Tt^h-.TpcDiO 

eoior>-<oooor^osto 



.^f-iO-^OI^^CO 

■ -5 O CO (M CO O 

< OSCOCOOO'-H 



^lOCOCOCOCOC^COO 



00 CO ^ CO 



Tj«00O 

t^'^COON-^fO^OS 



C^t^^cOC^ScDOSt^OO 



-^osr^toootoosc^cs 

CS-rPCDtOt-OOCDoOtO 
C^c^-^tJ^tTOsC^tT'-* 



tOOSOO'^COCOcON 
■TfOCOCOOSCOUSQ-^ 

t*tOOOOCDOI^'STf« 



t-it^r^oo-^ococooo 

W ^ 00 lO OS r-< OS 



i-H'<t«'^C<IC^COtOC^O 

C^-^00 — r-c^tocio 

^S'cO^OtOoOCO'— lO 



OSCOtOOOCOOlOlCDC^ 

c^cor>.oo^osoocOi-i 



CDOO--OSO--OSOC^ 

ootococouor^fOficc^ 
too^cot^t>-r^^co 



*-t^c^cooic^co»ooo 

^ M C^ O •«* t^ CO 



O— ttOf-COOOt-^^ 
O0t-*'^CDOSC^OO'-H 

OOOS.-tO'-iCDCDO 

i-T to i^ OS OS to o" 



C^COtO^-CDOt^COtO 

^cDcDogosootr'^'c? 
05Tf*os'^r^oco^-o 

t^cOCDtOCDOi^^-C^* 

.-hNtJ«'^'^^COCOM 



tocotocot-^h-c^oto 

CO— «cDcO:7S'^tOTPcD 
^t^COOtOCD-— '-iCO 



to^cDCOcDCOC^-T'Os 

tOl-^^-C^OSCOOSiO'-' 

i-« C^ W 00 CI CD C^ 



OSOC^OOTj'tOOOCO 

coo-^otoior-iMd 

r»--(Ndoco-^osco 



i-H-^jiCOOSO^rC'— > 



ososocooooscoc^^ 
OS— ^ocDor^oo^^ 
oo-^oiCJ -r-^oooot-* 



■^^ciTrtor^co-^co 
^^c^iocoooc^^^co-^ 



r^(Masr--.'*rc^osooco 
r^r^coociotooocs 



r^ior^oocoosoio 

C<COCOt^00OS'^CICO 



(:OrJ*iOOS<Nl^'^CDCO 

COCOOfOcOO'<S*CO 

CO o -— ' o "^ ■^ 



■|27?7ggsi 

t— 'tO»-tCitO'-'tO»-HtO 



ooo-^oscoc^c^o 

,-Ht^CO^OtOtOtO 
d»-»COCOQOCOCDi-H 



i-tcDtOt^^'^fOO-^ 
i-H-^^OQC^'—COCO 

cocioci-^cocio 
^ to os" 00" O gj -^ "^'" 



OClO-^CDcDcOtO 
:DC^C000-*t*0s»0O 
ddOSOOOCOOSCO 

-<** to 00' 00 oT w o* CO* 



gCO ■^ ^ O 00 -^ to 
OS o CO r^ t^ 00 OS 

TP-HOOOO1— OCOtO 

O 00 CO ^^ -^ 00 '«*'' o 

tocod r^oscot>-to 
eo'-Hd^'-i'^'-HC^ 



OOO^'J^t^—'Oi-HO 

— r>-ooocotoco^* 
cioot^os^oot^ 

OS >o »o ^^M 



,-i^^OOO^OSC^CO 

oocooscooioiccos 
o^r-ot-TPooc^ 

Os" CS CO 00 OT 00 O' CO 
1— (CO1— "CD00*Ot>--»< 
COrHC^i-.t-HTJ'i-Hd 



totoc^c^cir^cDco 

^ -^OOCS — d TpCQ 

osr^co^-itocooc^ 
Cft o cf o CI* b^ -^ CO 

CO -< »-i ^ tOCOO 



COCSTj'CltO'^^CD 

10 — d^os^cow 

i-Hcooscjoor^TfC^ 



tOiO^tO'J'>OC0t^ 
COCOCOt^OSC^t-"© 



TfOCOtOi-itOC^CI 
OOSOSCOOOO:C4'^ 

d — Trooo'-«coc^ 
to to CO 00 CO cc — r os" 



-H r-i dOS C 



OOOt^XdOCCO 
-HfOCOCO'^'<*'i^f^ 
COOb-OSOOOOCDtO 



oO'^t^ooeorHTrco 
1-ieodCO 



t-itO00'<»''^C<ICOtO 
OOCO-^Oit^CnO 
Tt'TP^CDd'^COtO 

od-^— -"cotoi^cot^ 

COCI'^J'COCOOOdCI 



i-HTt«COCOOOC»00 

osO'-*0'^osor* 
^co-^r^coto^o 



oo^^r^cocorfci 

OOCOCICOOOCO'^iO 



os--<co>ooo^ooo 

-.^OCDOOCIO — t-* 

-rpt-^cicidor-^'^ 

cfodi~^"<i^cooooi"cf 

dr-H-^COOOt^COtO 



o>-^cooc*^coercD 
P-coO'-''"*" o; dTt* 

CDOOlCD.— "COd^ 

d" 00' CS Cf Tp V to CO 
di-"dCO'i*»-HTfCD 



TTOOOiCOr-tOCOO 

r^ooddco^dr- 

tOdOOOiOOOCOCO 

id" -- d* CO f-H OS CO* ^ 
codcoc«cor*dto 



■rrOOOOOtOC5'<**d 

oodoor^'^tocod 
00 OS t^ CO d d 



gg ^ 






r^ CO r* CO CO OS 1 

too '^ OS t^ CO t 
»-H 00 OS CD CO CO t 


'2" 




426 
814 
3.216 
3. 627 
4.550 
14, 928 
4.876 


1 « 


■<1< 


427 
817 
3,245 
3,703 
4,746 
16, 369 
6,136 


1 V 

l«5 


10 

00 
■* 


27, 767 
40, 145 
108. 771 
114,759 
106, 713 
267, 072 
89,047 


■ o> 

1 03 


CO 


05 SSio?3S CO 1 


'< 00 


2 


27, 331 
39, 676 
107.874 
113,656 
105, 491 
252, 697 
87, 820 


• 00 

1 oJ 
1 00 


o> 


' 160 
1,664 
8,403 
13, 243 
12. 178 
43.877 
31,764 


is 




4.338 
6.296 
16.028 
17. 196 
22, 508 
69, 360 
23, 981 


■ 

1 CO 

is 




296 
732 
2,885 
4,fil4 
6,076 
37,411 
18, 138 


1 to 

'lUj 


i2 


169 

328 

616 

1,087 

839 

3.889 

4.243 


r t^ 

I'to" 


00 


2,472 

4,080 
11,037 
12. 578 
12, 750 
31, 535 

6,409 




CO 




7,722 
12,988 
41. 496 
61. 103 
67. 088 
187.819 
90,644 


is 
is 


i 


1,311 

2,190 
6,818 
8,948 
10. 505 
35. 979 
17. 731 




t 


2.343 
4. 500 
14. 544 
19. 314 
22. 197 
77. 610 
24, 996 


is 

,10 


CO 

If 


3,514 
6.544 
16,211 

17, 644 

18, 338 
61,906 
22, 606 


■ to 

1 CO 

is 


Oi 
03 


■«<oiMt^N-a<co-a' 

^r^CO-^J'OOOOrH^ 

CO -iM .-1 *" 


" ; 


00 




Under 50 

50-100 

100-250 

250-500... 

600-1,000 

1,000-5,000 

6.000-10,000.. 

10,000-60,000' 


H 

■a S 

|| 
£0 


"3 




^ o 



72 



STATISTICS OF INCOME 






O) P <3^ 






■Sa-S 



2-s o fe g 

W CD^^ ft .3 



2 ® 

0"^ 



»~ "^ •=? 



3 5 <» i> _ .~ 

■3.3-05=! S " 



3 P-. 



Ph fe 



a-" o Sf 






^ir°3 






■O to 

J3 SS 2 •- ® 

oS « a> <" 
o S •" 



CO oja SS 











1 1 •— 1 












1 c 00 








^^ 








oo-^ -^ 1 ' 






W —IrH P-H r-( 1 1 


1 1 i-T 


00 










1 1 Oi 


,-4 








O-'J^ -^05 t 1 


1 1 cs 




c4"rH'r-r^"*- 1 1 


'. l"- 


t>r 


'"'"'"*" ' • 








1 1 <n 


t^ 








10 CO Oi 05 <-H 1 t 








I 102 


sa 


CO CSI '^ CO CO 1 1 




IM 




t I C5 












1 1 M 




"* 1 1 




C>f 




1 1 01 


Oi 












»o 




1 It^ 


to" 






(N 




1 1 :o 











^ CO CO-*** 05 1 1 








1 Id 


■^ 










1 1 r^ 


OJ 








CN O--" 1 i 








1 ito- 


•* 








ss3S5^ 1 : 


1 IS 


t^ 


MCOOOOOS 1 1 






.-r.-rc<io»o t 1 


1 100 


uz 










1 1 CO 


t~ 














r-Ti— Tf-T 1 1 


1 1 to" 


,_r 




1 1 Ol 


CO 


SS3?32 1 : 


1 1 •— ( 


■0 












iO-^t^rCco 1 1 


1 i-a< 


J§ 




1 1 CO 


o> 








lOomcMoo 1 1 








1 1 ^ 


"2 


^ .^IMCSIN 1 I 








1 lOO 


01 








05 OCD so CO 1 1 






M eotot^to 1 1 


', l(rf 


S 












w 

















1 ICO 


2 










t 1 01 











1000 05 »o ^ 1 1 






-^COCOOt^ 1 1 


1 lO 


S 








^ io »0 1^ -^J" c^ _^ 




f^ 










- 


" 




"3 


,11.100 


Oder 50 
-100... 
0-250.. 
0-500.. 
0-1,000 
JOO-5,00 
300-10,0 


= C M 





'i' 03 M 


H 


DO S 




^.H«J 




1 &g2??g-r«i 


2go 





CO o cs 00 00 r* »o 



«-<for--t-oajco'rt*co 

■^0100Tt*iO00O(N00 



r-* rH »Cl (N C-1 »r3 



1-IOO1-1OCO— i^t^tM 

Tpc5osr-*iooo«or--os 



T-i^ CO W(M 05 



<Oh-C»OOC^OiOCOO 
r-000SC0OCDi005C0 



i-H c^ .-1 05 "5 b* 00 



OOt^-^OOt^lOrHlOCO 

t>. 1-t 00 —' OS o c^ 



1-1 »o 



0>— t0100(NCDiOr^O 
u^<^00'-iOOCO--HO(N 
tOt--t^CSJ-<5-ir50ii-iCO 



1-1 (M --< 00 10 t^ t^ 



cooooiooo-^ooooo 
coojiyr.— coGOcC'CO-^ 



C^ -«*< CO Oi CO QO o 



COOOOCO'^OO'^O 
(M^-^CSOiiOtMOiOO 

ajT-Hb-t^-ior-oco-rf 



,-tco<©'^oc^ooi-* 



(Nh--^COCOO'*'00-rfH 
C«^COCD.-tCStO00»-i 
1-lC^OOOOSOOt-C^O 



W Cq 00 W rH C^ 



oeotMiococNOloo":) 
F-i CO »o o 01 o t~* »-< 



t^<Nrtt':OcOOGOOi'^ 
cliocor-cDoo-^ro<:D 

COOtPiNCO^COIMO 
N C^" .-T ^" 00* O* lO" 



^C^"rt*COC^iO— 'OO 

1-icoooOTt^ior-— iio 

OO-^OC^OO^C-I"^'^ 



1-t W Oa t^ "^ 



r-(.-l t^COOC 



COOiCOOOlh^-Tt^l-^CO 

OOt^COOr-iQO»OOiO 



10 t* «0 <N 03 <: 



i «D MO C^ CO t» 05 
CO <M CS !>. 



idCOCOOCO'^O'OOO 
COOCOOOOCCOOiOlO 



C-1 CO (N l^ CO 00 CO 



CO'^J'^tNIM'rrcOOO-^ 

COOOCCCDCDCO^-TTCO 
<OCOO5C^'-*"^'-'0CCD 

c<r 10 CO r-^ »o CO ^ 



CDCOOOiC^t^O^OCO 
CD CO CO '^ C4 CO "H 



^10 r 



I'n-Tci'ioo 
J. 1 0000 

;go°°oo- 

I c^ io I-H »o 1-1 10 



STATISTICS OF INCOME 



73 



^. 1-H CO 



OlM OS 



OSOO'<!j<Ot'-*CDCMcO 
cDr>-'— <l>iDCMO'— < 



00Oi-H»Dh-0>CMe0 
COt*i— <t*'^^CMcD 



oor^05QCOcD*OTf 

»DOOi«DCMCM>— iiD 

Oicor^Ooo— '05CD 

^ CO t>-* cm" Oi CM* CO cT 



CO ID cot* lOiO CM I-H 
■TJ* lO CD ■^ CO T-« 



Tt'COCOOSCDCJif-HCO 

C0CM*DOt^t— coo 



•^COt^C<IOi'-'C005 



r^CMt^CMCOiDi-HOO 

*D'-tCMr— OSCOOJ'— t 
i-1t*iD00Oi'-<00CO 

t-T** ^ CM r-TiD CO 



c^-*t-t^-^co— *<-it-* 

l-^iD-— iDCM-^r^CM 

OSCDO'-'Ot^'^O 

i-T p-T CO ^ CD t-^ CD CO 



OCMt-O-TfCOCDt- 

CMCOt-^QOCMCOOO''** 
CMC0»D.-il>-O»J0iD 



i-H CM Ci 00 1-- 



CMOr— OOOSCOOC^I 

CMCOOr^-^Ol^Di-t 
f-H^iOCOIt^iDCOCM 



g CO CO CD 00 CM 00 -^^ 
^ 00 t^ CM ^ *OCM 
OOiCOCMCJi*-HOO--i 



i-l I-H CM OS 



r^cDOcor-^'— 'COOS 
1-Hcoor^cOCMcor- 

cDt-COC:cOCDCDiD 

Ci" cm" cd' cm' O ^ "fl^ CM 

,-) -i^ CM t^ 



COOcDOt^tDcOiD 
COr^CMiD^COcDCO 

OSCOCDOOOSOi'Dt-^ 



.-( CM ^ »D CI 00 C 



Ot^cD'-'t^OOi-HtD 
CDb--— 'CDi— "Ot-Ci 
^■^COCOCOC. COO 



1-t I-H O COTf 



CDiD-»rcOt^Tf<t^O 
CMCMCMcDCMO«3CD 

COOCDCO'^J'^'-'O 



^ f-H OS CO »D 



CDOOOOOOiO^CO'* 
CD CO CO rH CM 



' OO ^ 
'OOO-Ti 

S?Qd 



^OCMiD^C-AoO 

t-> CDO »D O -^OO 
I— *»Oi-HCM»D'-HiD'— 1*0 



445 
460 
2,376 
3,224 
3,222 
10, 181 
4,552 






1,253 
1,668 
5,342 
5,999 
6,071 
10,410 
2,185 


I-* 


CO 
00 

CO 


1,258 
1,676 
5,412 
6,172 
6,312 
11, 806 
3,242 


.to 
1 to" 


CO 
CO 


46, Oil 
50, 425 
132, 803 
122, 928 
107,080 
161,477 
49, 028 


IS 

ICO 


00 
CO 

S2 


1,074 
810 
336 
470 
465 

1,146 
203 


IS 

100 


00 
CO 

■o" 


44, 580 
49, 107 
131, 009 
120, 831 
104, 701 
155, 943 
46, 656 


■ en 

1 CO 
llO 


o" 


604 
3,833 
14,717 
25,311 
27, 868 
70, 264 
37, 545 


is 


M 

to 

o" 

CO 


10, 470 
15, 772 
42, 175 
45, 322 
43, 597 
99, 256 
49, 350 


iCS 

'lod 


1 


357 
863 
5,253 
5,319 
10, 851 
23, 962 
2,638 




CO 


676 
1,201 
3,662 
2,692 
3,662 
11,110 
5,606 


ii 
icd 


5§ 


5,702 
7,359 
18, 678 
16, 444 
14. 789 
19,419 
13, 791 


l«5 

it-T 


i 

CD 

1 


19, 326 
30, 299 
89, 121 
99, 166 
105. 790 
233, 743 
113,710 




CO 


5,856 
10, 094 
29, 106 
34, 057 
37,316 
92, 534 
65, 171 






5,513 
8,408 
25, 698 
27, 688 
27,136 
44, 075 
13, 049 


100 

■ o 

is" 


3: 

to 
o" 


6,927 
9,796 
25, 754 
26, 491 
27, 176 
52, 315 
16, 375 


ii 

Ito" 


00 


t^ -^J« »C « ^ ^ * 


0< 1 


i 


Under 50 

50-100 

100 250 

250-.'i00 

500-1,000 

1,000-5,000 

6,000-10,000 

10,000-50,000 9. 


u 

a M 
So 






CDt^t^OOt^OiCOO 

OiDCTiCOCDCMCDCM 

00 CO "tt Tf r- CM 1-H 



cO'ff^r-^oocor^'-' 

t^COCDCMr-Ht-iCOCO 
OSCMCD-^i-HCOOO 

•^" CO I>r CD CD O" CO" 00 



CDCMCO^r^OOOCO 



I CM ^ ^ 00 

I r^ 00 o CO 

COCM»DCM0100000S 

'^'' CO r^ cd' ui^ oT c<f t^ 



h-CDiDOiDCDOiO 

ooTfocooor^-rfo 
oo^os^CMcor^os 

Tf' CO cm" ID ID r>^ •<*-' o 
lOCOOOt^t-C-liDCD 



OOSCDCOiOOS-HW 
00CO^.-(^tDCMCM 
00»OCOOSOOCDCDCO 



.-< 1-H CD 



iOOt~*00»Drt<Tfa> 
CMOOi^-^COCDOOCM 
■rfCO^OI>.i-«COCO 



CMt-'OCO^HCMCMCM 



CDt^Oi-HC-iOSCDCM 

>DOOCMO^CDCOt~* 
OCOCOLOCOOOCO 

CO CO id'^-T-^' oTo "O 
CM 1-H^»-H l-HCOt* 



i-hO"*CMOCOCMOO 
COCOCDI>t^CDCOO 



oscot^cir^cDcio 

COCO-^OOCDOOCO 



CMC<»00--HiOCSCCCD 



OOCMCOOSCOr- ii-HiD 

iDt^COt^-^OO^CD 
•^Tj^i-HiCiCCMOO 

cT ^^ Oi i-T oT cm' 00 os~ 



COCDOTfCiCCiDi-H 
COtD'^CDO^iDCO 
lOTfCMt^t^rPOO 
00 CO 1-H oT CO 00 CM* id" 
i-H.-HCOCMCMTfiCO'-H 



Tt-cDcifocor-oco 
^h-CMCJor^ooo 

CSt*CO-^CDC3CMiD 

ic ,~r tC co" c*" r^ CO cm' 

COtTOCM'^COCDO 

1-H I-H .-H CO 1-H CO 



CJsOsOsu^OOO-^CO 
COh-OSCCOSCOCDOO 
OSCOt^CMO3 00i-Hi-H 

co" 00" cc^" 00" cm" t-T o" id" 

l-H.-HT^*DCD00Or» 



OOOr-CDClOiDh- 
CMaOCOt---*'iO^GO 
^rJ^OCOCMO'-Hi-HO 

00 00 co" ID oT co" cc' co" 

CM CM CM Tf ,-H CM 



CO CS CO CD C_ . 
O O OS CO 00-" 

O O CO CO CM~ O 1-H -^l*" 
i-H^CMCMCM'«*«CMCM 



r-cociCscccM^**-^ 

COr^OOiDO|-^CMi-H 
00 »D CD CO CM *-i 



»8Sg^"ii^g 

Po o ID o '-v'-i.o o 
»Di-HCM»Di-HiDi-HiD 



74 



STATISTICS OF INCOME 



CO "S 



>~ f~ _ 



-si S: s E. 



b '^ 






» E » 



■a' 



m Q. P "^ trt 



£5 
OS 



3 c^S :S 









C. — o* 



.S'2 2 >> 






0° 



43 08 P > © 



E°S5o^ 

3 t. 3 .i: £3 5 



128 
344 
1.690 
2,792 
5,573 
15, 023 
6,984 


is 


to" 


661 
1. 167 
4,672 
6,501 
9,610 
27, ,'■,16 
13, 998 


1 1^ 

is 


o 

00 

s 


568 
1,175 
4.715 
6,662 
9, 9.'^4 
29. 821 
15, 1 10 


is 


oo" 


18. 379 
28. 496 
83, 672 
9H. 259 
135, 994 
334, 857 
141, 793 


iCC 

is 

ICO 




299 
102 
255 
143 
1,689 
666 
458 


It- 


CO 


17, 964 
28. 191 
82. 574 
97, 164 
132. 501 
327, 992 
138, 618 


em 

, 1.5 

in 
'n 


00* 
CO 


655 
2.633 
11.0.58 
19, 022 
34,616 
107. 2;o 
54. 198 




00 
CO 

CM 

CO 


3,998 
6, 599 
17, 503 
22, 568 
35. 729 
133, 061 
68, 888 






317 

888 
3,840 

6, .535 

7, 757 
43, 630 
30, 289 




CO 

O 


213 

506 

1,773 

2,913 

8,879 

23, 776 

14. 019 


ICO 

loo 
lo- 

lO 


CO 


1, 684 
2.604 
7. 583 
8,747 
12.310 
27, 632 
13, eo4 


■ CM 
1 00 
1 tsl 


s 


7,435 
13,814 
44. 078 
62. 961 
99. 882 
35H. 459 
192, 526 


I05 

iOO" 

1 o 

1 lO 




2,264 

4,762 

16,053 

24, 303 

41.821 

178, 906 

101, 898 


■ >o 

ico 

'O 


CO 

oT 
to 


1,463 
2.900 
9,518 
13. 242 
21,836 
51,830 
24, 448 


|C0 

'•a 


tc 

00 


2,971 
4, 665 
13. .524 
17, 432 
24, 576 
67. 909 
32, 714 


l2 

ICO 

lo- 


o 

CO 
CM 




e^ ■ 


g 

OI 


Under 50 

50-100 

100-250 

250-500 

600-1,000 

1.000-5.000 

5,000-10,000.. 

10,000-50,000" 


^3 05 

if 

go 


o 



CMCO'^CO^CO-'J^tO 
»OCM tOOiCO O to 



•tfcOOs-^^WOstCi— t 

osr^CMCMiocO'^t--Tr 

OtO^'-^OOCOTj'tOtO 



i-» CMi-hCMWOi-icOCO 



CO00C00O'<iJ<'«**CO00rj' 
OSCDCMOOS'-'COCOOS 

oto^ — r^cota^cM 

t-T*" c<r^cM »o .-r»o-«j»' 



CCCDI>-'<**«iOSCOOcD 

ocor^^otoo— "-HC7S 

■^■^COOtOOOOOCCOO 

io»-HQ0tot-ros"«-r.-H'i-^ 

F-li-iCMCMCMr^C^lt^CO 



- 00 t^ CM ^ 1 

" "SOSOf- 
■<»* CM 



(_j «3 St: i^- <JU r^ t^ ^" 1^ 

CM^b-COCOOSOOO — 



tOtOt-^OOOt^OltOCD 
CD-^^OSC<10scDt>-0 
OCOOSCO-— 'cor^coos 

to— ^r^T^r^ocToooc-^ 

i-Hi— 'CMCMCMt^CMCDCM 



COTfCMoOCOC^OOCOtO 
.-r^CDOSCMr^CO-— 't.-^ 
CM^-O-^COCOOOSO 

CO ^ cm" rH cm" CO* CO* to 00 



lO^CMrfOCMtOCOCM 

cT'-HOr^t--— 't^r--^ 

tO00COOitO'-''<J'CO00 

lO-^'Of-Tioco'-ot^c^^ 

•-H 1-t 1-1 CO -^ -^ O 



rHCor^coosos-^osoo 

T-HCOCO-^OGOOOiOOS 
(^lOCOCOOS'^TfCOCO 



CO CM CO OS CO O CD 



OSTfCMcOCOCMCM'-*0 

r^co-'fO^oocMcoo 

IJ'COCDOSOSCMOCO'^ 

1-4 cm" cm" .-T cm" oo" T* 



t-fCDt-HTj^,— lOOcoCM 
OOCMO'rJ-r^ — CMtTCO 
lOiOCM^OCMr- 'O 

CO CM~t^ to O CM co' ^ ^' 
.-H CM CM CO 



COtOCMOSO'HOOrj' 

r^-i^CMr-^tor^Trcoo 

OCOt^CMt^Cft-^fOcO 

00 00 CM*" to OS r-^ QC5" <-"' CO 
C» CM CO -^ lO OS CO 



'<*'CMCMCM-*t<COCOO'-' 

CMr>-COtOCOOSWOSCD 
Ot^Oi-HCDCDCDOCCM 

CO CO O cm' ^ CO to 00 CO 
^ -H CM 00 CO 00 CO 



i-ti— "t>»COtO>0<0^*C 
O50rcOt^t--CM,— tti'5''- 
CD-^OcDcDcOtOoOC 



OSOCOCCOt^CDOO-H 
CM^— tCMCMCM^COTj* 
■^OSOSOOSCDCDCOOO 
CMi-T-^tO-^'oOt^-^t 



COCD^CMtjO— lOSOCO 

o '-4'^ r^ to r- 1-1 



^6 



, J,0 OOO 
I lO •— < to •-• to 



STATISTICS OF INCOME 



75 



1,428 
1.722 
4, 939 
5, 56.S 
8 415 
18, 639 
18, 464 


i 1^ 

■00 

1 "* 

'CO 


CD 


3, 805 

4,533 
10. 071 
10. 498 
14, 394 
Z:, 697 
28. 829 


•CO 

ico" 

' CO 


CM 
X 

•rr 

oT 

CO 


3,846 
4, 601 
10. 303 
10.741 
15,323 
35. 248 
30. 070 


ii 


00 


lO CD CO CM CS CO t^ . 


'to 
leo 


o 

CO 

s 


16,866 
7.974 
4, 2S1 
2.201 

2. Itl 

3, 2.53 
1,001 


1 CM 

'CO 
;Cm' 


i 


ocoxraoo — it^CO 1 
cc T Tf 3: o — cc ■ 

CO CM C^ Ci cr CM W 1 

— ■ Tf' ^" o 'n o -T 1 


;s 

jCO 
'CM 


co- 
co 


2.352 
10,592 
2,). 772 
33 572 
57. 852 
146. 894 
144. 069 


■ en 
' o 

^CM 


o 

o 

s 


rt en CO oc CO -r en ■ 
e-i CO t^ TT n- CM TP 1 
en r^ ci — • t^ en 00 ■ 

l--"-r"iCu^'4C'o"c5 > 
CM CM -»••<)< IC —1 O ' 


'00 

1 en 

' lO 


CM 
CM 

00 

cm" 

00 

■<1" 


2,081 
2.904 
7.107 
9. 307 
17, 240 
37, 577 
13, 652 


'CO 

'or 

|eo 


CO 


2.136 
2,742 
6,901 
8.0-(l 
14, 604 
21,9.57 
25, 0.57 


,tC' 

'CjT 


CO 

g 

o 


11,131 
9,437 
13, 491 
16,431 
17.475 
29. 040 
15, 465 


'Cn 

|CO 


en 
?5 


49, 450 
58. 52'J 
112,508 
121.4.59 
175.825 
37.5, 432 
275, 400 


'CM 

'CO 


cm 

CD 


17,730 

19, 887 
36, 678 
38, 949 
5», 460 
96, 191 
77, 742 


'cm 




4,022 
5,474 
10, 879 
11,. 559 
12, 694 
34, 173 
12, 908 


'« 


00 
CM- 


13,439 
19, 848 
34,316 
33, 955 
44,318 
98,050 
60, 424 


'00 

is 


CO 
§^ 

CO 


2.283 
824 
716 
344 
253 
190 
39 
«23 


■^ i 


CO 
CO 


Under 50 

50-100 

100 250 

2,50-JOO. 

.500-1.000... 

1,000-5,000 

5,000-10,000 ---. 

10.000-50.000' 


£ ® 

> 2- 

a ho 
ioO 


o 



■♦ 00 .-• CO ■* -^ 1 > 


ii 

•OS 


CM 


' 9, 387 
' 3, 236 
7 4, 939 
' 4, 003 
7 3, 645 
I 6, 436 
' 2, 097 


lO 


CO 
CO 


' 9, 353 
' 3, 214 
' 4, 806 
' 3, 809 
' 3, 367 
'6,131 
' 2, 043 


'O 


CO 


131,359 

53, 391 
68, 889 

54, 572 
48, 636 
99, 329 
31,812 


iCO 
■CO 


CO 
CM- 

s 


27.431 
9,055 
8,440 
5,683 
1,367 
2,779 
830 


iss 

'0> 


g 


102, 773 
43, 663 
59, 518 
47, 658 
46, 131 
94, 777 
33, 487 


■ o 

'CD 
' t^ 

|eo 


00 
CO 


' 37, 724 
' 9, 159 
7 4, 077 
' 6, 063 
' 7, 337 
7,967 
1,532 




CM 

00 

s 


60,515 
26, 800 
34,301 
28, 545 
19, 456 
26, 796 
6,473 


'O 

• CO 
'O 

is' 


CO 

00- 

?! 


4,787 
4,528 
6,401 
5,812 
6,845 
15, 641 
5,974 


ii 

'O 
'CO 


00 


7,877 
3,685 
7,999 
8,541 
8, 059 
18, 900 
20, 440 


'■* 

:s 

'•d 
|eo 


2 


33,481 
15,315 
17, 686 
16, 794 
21, 691 
43, 632 
7,180 


• o 

;§ 

ICO 


o 

00 


82. 227 
40, 360 
71, 149 
62,614 
56, 871 
120, 395 
53, 161 


'O 

1 "^ 

'CM 


CO 


34, 392 
17, 591 
26, 346 
20, 015 
22, 981 
39, 024 
12,008 


'00 
'CM 
' t~ 

joT 


00 

o 

?f 

CM 


7,136 
4,979 
7,735 
7,083 
6,072 
7,155 
2,315 


IS 




25, 756 
11,778 
15,677 
13, 389 
10, 634 
23, 988 
9,780 


ICO 

1 CD 

' OJ 


00 
CO 

CD- 

o 

CM 


eot^coCMCMi^r^io 

■^ iO "^ 00 ooco ^ 

U5- 


" i 


co" 


UnderSO 

50-100. 

100-250..-. 

250-500 

500-1,000.... 

1,000-5,000 

5,000-10.000 ,. . 

10,030-50.0009 


«^ 

cag 

° tn 
O 03 

go 


i 

o 

^1 



WCM-^CM-^t^O^b* 

TPCDr^Q»OCDi-i»000 
00i-HC0CM0s-«*<O^i-H 

CM US' t~-^ i-T O oT CM* i-T 

CM lO CO '^ r^ 



cOTfCMcor^Tftoi-vco 

coo^CMcourscscoos 

^^OCD^r-Ot^CM 

cm" -^ O CO ccT CM* O -"T CO 
1-t ^ CM CO -^ •-< OS 



oscsosos»cr-i-*OCM 

lO-^iOCOCMC CM-^OO 

,-H^^OCMOCM^OO 



■4 O '^ t^ — Tf CD CO 
^H ^-i CM t>» '«»' CO CM 



r-»oocoooooo»D 

r>-OSCO^'-Ht-rpcOC1 



I^OSCMCOOO^^r-h-Ci 

TTCCCDOOiCiOOCM^ 
^ 1-.CMOCO OOO 



i-iOSTPcor-cDo^o.-H 
osooosoor^cocor^o 

t^'«J»'<J400CMOSOTpiO 



r-1 r-l ^ CO i-< '^ CO 



r^r~*oocOi-«ocDccco 
cocor^ot^osiocr. CM 
CMut-^b-Oor-Tft-- 



CDOOOOSTPCIGCrf^ 

^CDiOt^iOcOCSOO'^ 

i-t ^ CM CD CM Oi CD 



^ooosc?sr^icr'-iocD 

COO-*«CMw— 'CDOOS 

CMOi-iTft^'^aocoas 



rH»o^t^t^h»cscnco 

CM CO ■«t" OS --H O CD 



CMC0b-00CM-«*'OOO 

^,-ioo^^^o^co 
cor^cocD^coo-^00 



^-(i-«-^}*'«^j<cDw:>wcsCM 

CM 1-H tP ^ 



»-<r^i-^r--r>-cJs--cDco 
oo»o.— iCMt^r>-»oo^io 

t>.ocDcoco«r^— «T?< 



CMiiOOCMoC^CMOS 

<-i CM »C CM GO 00 



^^t-^^iooocr. ootp 

CCf^iC'^O^CD^ 

'«**cO'-<t^cocoos'trr^ 



i-lC0C0»0O'^'^CS 



eD<-iOOCD050CDCO 
»OOOCOOSOOOOC3S 
(OCO»C<-if-tO00OCM 

lO CD *0 00 OS* CO* ■** os" r-^ 

i-t r-4 CM 00 CM CO 00 



'^j'^ooor^o — coos 

r^CDOOCOCMO^OOO 
00.-iU5t'-OSCCCO*OcO 

os" id" CO CM* ■-*" *o c*:* ^" ■^ 

r-iCOOSCMOOO^CCt- 

^ ^ CO CO CM OS 

i-<*cO* 



-Trcs-^oocMoOTfcot^ 

CMiOcDOl-^COCCCOU^ 
OsCMCMOOi-^OCM^ 

TjT o" O t-.* lO O O 00 .-<* 
i-HCOCO^C-H.— tt^^ 



Ot^OCMOOd^O^OO 
CMCDCMCOCDh-iOrfO 

1-i^cOOSOOOCOCO^^ 

■^'' t^ 00* CO* t--^ <-<" TT iC lO 

^ CM CO 1-H lO O CD 



l^O0-^CD-«»*CSCDU:iCO 
h-O^t^'^COh-h-cD 

CMCD-^Pt^OsiOCJliOt^. 

tC ^* O* CD* OT lO* CM* iC CM* 

.-'COCOiOu^t'^COiO 
^ CM lO 



00COO1COCO-^»OtJ«00 
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76 



STATISTICS OF INCOME 



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■*C0<C»O«;rPQ0'-iCN 



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cDOcor^'— toococct-- 

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-^CO'-iCOOO»J3?DTj<Tt4 



tDCJiOOO-— <h-COO 
COCOCDOOOOS-^iOCO 



coccor-ioooir^QOOi 

^lOOOiiO'^cDTfO 



OOCOOh-CD^OOi-H 

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cococo-^r^cDoocor- 

t^^-^'Cir^C00i'*<:D 



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^H i-H ,-1 CO <— I 00 <£> 



1— ICiCDCDOO-— lO--^^ 



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i-HTt<-^iC-<JHCOlCi.— lOO 



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rj*"oro OO" "^' ""1^'" CtT CD' CD 

1-H.— i'i^icoeocDr^<£5 



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(M--<iCr-(OOCOCOOC^ 

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r-cscoooc-. toiot--. 



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00C4tOiOCOiOCO'***O 

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STATISTICS OF INCOME 



77 









w.-icococor'-<Mio 






o» CO ec o cc. to cc o 

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r-T »« CO '^* CO cTf-T iS 



TP C^ .— ( TT 1— ( O tN. 

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OT rfT (M" CO CO I --" t-*' CO 



r^icooioooi-icsj 



,-(C0(005<-<»0i-tO 



cO'-'Crc^r-c^co"^ 

1— iai4ccNcoo-^co 

lOTT'OOGOCniO'JCO 



oococo^Goai^ 

C^'-HCOCOCOOOiCt^ 



«300^iOOr-^GO 
OCOCCtMCOCDCO 
00^C0<Mi0iC-^O 



r-l CS lO '^^ I 



i-H CO --i W3 



t^COh-OlcOtOOC: 
CKOOCOt-^OJCO— »o 
OOl^'-HO-Tt^OJCOO 



r-tC^CD«3Cl COCO^ 



cooococ:'COicco 
c^r-^^coooooc-ji-H 

OcTt^CO O O ^^^lO t^ 



O t^ O o: OJ CO lO CO 
(M" 00 t^ lO CnT lO CD*" cT 



r-co-^ooo^co 

cDrPCCiOcr-C^(MCO 

o to ^cT co" o 00 to 

i-li-iCO'*COC^I>-'^ 



■— ic:i:ic^oocot^O'H 
oocri^i-Hr-*Tt*to^ 
CO o ^ ''f cr. <-« cq o 

•«i^ ■^' 00 od t^-T ^" tjh" t-^ 



»-tO»OCNC^<:DTr'ilD 

cooocicooc^jr^co 

CO O O »0 C-l ■<:*• CO C-l 



io»ooot~^r-ococi 



O»O(M0iOC0OC^ 

r^oot-^occiOir-«f-i 



OOOn-j iS 

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78019—38- 



Tt«O500»OG0COClC^Ol 

»OiOOOOOCDOO<£)'-l 

t^-^^ocor^c^it^io"^ 



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0>0.— lOO'-HCOCOi-Ht^ 
C^COOSCOCOCO-HCOOO 
.-Hi-(iO'-*tOt^iOt^CO 

lO ^ CO <N Ci" t>^ CO C4" OT 



iocor^co»Oi— loccflco 

OiC^-^OOOwtNTf^ 

rtOQi-Ht^tOOOCOCOt^ 



Oi— lOoOCOO'-HCO'— I 

cococKi— 'Oir-ioioo 
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00OTj«^Tt«»0^-<*<C^ 

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1— t »o C^ CO 00 



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t^cor^oO'-tcscoocs 

tO'OcooioiOi-- '>— <r» 



toooo-*»ot^ooooo 
co-^co-^oococoo*^ 

r-t ,-H rH CO CSI 00 OO 



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i-( .-I T-t CO -^ CO o 



"^COOOh-t^OOOtO 

'rfr^tofNcoococoTT 



iOt^C^<N^OOOiaiO 
i-HT-H-^TfCOCOOO'-'CD 



C^00'-HCOOiO5>— I40CD 
t^CDOOSOCOtOCDC^ 
0-xJ'0>cD(NOGOM(M 



.— itOOO-^C^C^^Tj"'*' 

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<M CO -^ CO t^ w Oi 



or--OioocO'— <t-'05rr 

(NCOtOCO-^tOOOCOtO 

cot^coooocor^cO'-H 



OiMcooOO-^CO-tf^co 
.-HCOOS'— 't--»OCOCOCO 



^cjGOoociCnooooo 

JTCD'tJ'Tj'CJifNCCM 

)'-'C^:oc^t--ior-*Tt* 



(N ^ <N Oi >0 (N '^ C 

1-H c^ o t- ^ r^ r- c 



^ CO --" CO 00 



tOO"^iMCOCO«::OOCO 
r- "OOCOOOCOcO'X'OtO 

oir-coiooooc^oooo 



t^OOS^-T^CO-^MCS 

oocNcor--x>toi— 'oco 
tocor-oiot^.— !•-< 



OOOt3 



ostOTt^ot^cDOicr* 

tOOOCDOiCOtNOOOt- 
CS| CO CO CD CO t* CO CO 



Orr'ooc^'^co'-ia! 

l^Cit^CNt^OTfC^CO 

c^cor^c<»oiooN'<*<o 
^ to CO r-T CO 00 cT oT ^'■ 

^^ r-tl-Hi-HC^.-HCMCO 



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cotoeo050ooocO'-HOs 

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•-H to CO*" o co" o tC o -^ 



i-H ^ -HC^ . 



t-*COOOOtOCOOCT>CO 
t0C0CDC0Ot^t0b->0 
iOt^Tj<'-HCOt~*COcOtO 

tOMiOiOOO^tOC^'O 

cor^tOTt<ooocorHoo 



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OOOt^COt-Ot^TffN 

T-ltO-^OCOCOtOCOOO 

CD ^" cq" cs c4" ^*" c^r oT 



^OC^C^OOcOt^-^to 
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MC^TjiOO(NCO'<*'r^CO 

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C^I>iOrfiC000»OOlTf 

rH nH .-H .— t CO .— I to OS 



00<MCO'*J'OCOMOtO 

Tt«'-H.-*C^OlOCNOOO 
COC^'<J<OCOCOTtiO!D 

o c<f r^ CO ci" oi" o CO oT 



<DOCOtOC^'rt-Tt<^CO 
COcOI^CC-HOOh^O— 1 

cocooio-— «•— <cor--co 
a5"o"^toco"oi"cocooo 

00COCO'-lTj*-TfC0I>-t^ 

rH F-l fH CO ^ "^ CO 



C^00tP-«J<I^00COCO00 

ocococo'<ra:'^'«fo 

00OOit0CS00'~'0i<-i 

00 00 TT CO to tt" '-H 00 CD 

w c^ TT ^ CO -^r ai 



c^coooto^^ootor^ 

GOOiOOCO-^-HOOai 

cor^CMcoosoiiMiOoo 
00 t>r cT i^ ^^ t^ ^ o to 



COt^QOOO'^OCSOO 
C^tOto-— tCiC^lOS'-HCO 
COCOCDiMCOCOtOi— ICO 

O CO C^" CO to" (M' OJ" oT CD 
T»<C^iO^CD.-IC003tO 



COt-COOOC^CO-^OiCO 

OOtOOOQCO'^OO-^— ' 

1-icccicocoor^oscN 

to 00 l>r cT TjT CO GO to ■Tj-~ 

ooo— I— «'— "Qoto-trco 

1-1 M C^ CO t>. CO »-» -(^ 



05tOOtOM-C0r-C000 

r-.cm^QOcotoco^t^ 

TfOOOiCOOOtO-^to 

CD to C^" CO .-7 O 00 GO m" 
COCOOiOl'^CO'^Oi-* 



cOCOOiOOCO»-MtO'-«r-i 
tOiOCOCSI^"*C<l<N^ 
NCOCOONO'^CCO 

1-H i>r -^jT Tj^ O c^ CO (M' ^" 

C^i-i-^-^iCi-^iOCOO 



1-1 1—1 CO 



cDOOtnr^ccto--'i^ 
OOtT'O'— 'lO'^J'CDcD 



CO-^COOSNt^^M^CO 
Oi-^oOcO-^t^totOi-H 
t^ C^ CO CO Tjl CO 



3S^"?T'oooo 



3 .-H to »-< to 



78 



STATISTICS OF INCOME 






S; t « 

12: 3"= 



OT3C — 

•£afl 



■i|3 



5£2a.2 






5 5^-c.' 






m 






O o C3 ;^ 



"a m i? .2 . 



s o 



j; CO C_> 



u 



eg® 
go S3 
o22 



§5 



3 t- S — 03 © 



335 
4.58 
1,904 
2,989 
5,708 
15. 003 
7,905 


ICO 


00- 


1,412 
1,955 
6,790 
7,331 
10, 867 
28, 456 
12,917 


1 


co" 

o 


03 0> t^ -'f'^ O "- • 
r.. O lO CO o o> C^ 1 
■»< 05 00 ■* O O t^ 1 

i-MCO-^ 1 


i05 

loj" 

ICO 


s 

CO 


49, 550 
46, 732 
107. 963 
107, 287 
121,011 
290, 918 
94, 570 


is 


OS 

o 


1,142 
276 
470 
708 
486 

2,93S 
365 




CO 
00 


48, 049 
46, 119 
106. 492 
105, 248 
118.864 
281. 049 
90, 268 


100 
i(N 


CO 

o 


816 
2,922 
16, 986 
20,319 
32, 296 
93, 857 
37, 050 


1 r^ 

loi" 


CO 


10, 000 

11, 150 
24, 100 
27, 303 
31,911 
88, 152 
49, 144 


loT 


o 
fq 

CO 


600 
1,440 
4,213 
5,538 
8, 9.50 
38, 720 
5,345 


1 C3 
.00 
ICO 

1 CO 
ICO 


OS 


515 
803 
2,157 
4,559 
2,259 
10, 601 
3,652 


■ CI 


go" 


6,180 

4,596 
11, 224 
10, 881 

8,720 
26, 200 

6,009 


■ lO 
loi 

1 o 

1 lo 




18, 892 
22, 516 
62, 6.56 
73, 362 
90, 005 
287, 271 
108, 959 


1 o 
loo 

ii 


co" 


4,155 
5,290 
16, 975 
19, 963 
26, 645 
74, 996 
27, 244 


ii 

■ o 


2 
M 
S 


4,574 
6,804 
16, 362 
19, 352 
20,997 
63, 318 
23, 765 


lO 

l-^ 
l«> 


CO 

oo" 


8,056 
8,461 
21, 187 
24, 382 
27,244 
78, 515 
29, 620 


1 -.^ 
ia> 

is 


o 


OOMMC^.-— „ 




o 


Under 50 ,. 

50100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000.... 
10,000-50,000 8 


t'i 


o 



CMkOO»OOOC^' 
CM CD CM CM CO O 



1— 'CMOOOS-^t^OO 

o-f-^'v»or^ooos 

COCMCMCMr^CM'^CO 

■^" cm" CO' CO CO CD ^*" CO 



r^'tcir^ococoo 
oocMcocor^co — CO 

lOCMO — COCOCMOO 



''^CMCOCOCOIO-h' 



lOcOh^OSt^O'^CO 

r^iotocMcoooos^ 

COO'^J'iOOSCOCOCM 



^cO00Ot^Tt<h-.iO 
iOCMCOtJ*COCDi-«?0 



lOcoosr^OiOsoot^ 

cDOOmcoosOiOcD 
lOiOCOCMcOff^'-'I^ 



COI^CMOSOlOCOCO 

00 OS T*- — OS CO r- c^) 

^OOOt^CM'^COCM 



C^iCh-OSCOCMCDO 
lOCMCOCOCOCDi-tCD 



oOoOcot^cr-c^crro 
o LO — -r< o r- CO c^i 

— OSO-^OSCOOSGO 

r^ -rj* CO* -^ cm" r^ cm" 



— CMTfCO00>OCOCD 

r^cor^cMh-cocMto 

CMiOOO^^uOcDOOO 



OOOOCOOOOs.-- — ■^ 
CMi-iCMC?CMiOC0t-i 



C-lOOOOOOiOOCM 

lO 00 -^ "Tt" «::■ CO »o CO 
^o^*»oooooo■^■^ 

Tp cm" lO t-^ O CD lO c-S 



"Tf* "^ r- r-- -^ cr CO 

CD t-O — ' — ' »0 'ff OS 
CM O-^ CO C CO '» 

CM cm' CO to uO no CD 



cocoooh-cr^cocoh- 
rft^COCMOO'f'-'CO 

CO — »ooscocoi^r^ 

CO" OO' <N O cm' Cs' CO' t^ 



— 'tOCOCOLCCO-HCO 

r^oiocooicOTt'io 

CM-<*'OSOCMt^l^r^ 



■^OSt^COtOOSOCM 
COCM'^tOO-HCOO 



CMr-r* — o — CM- 



CO cq 1 

CM t-L _ . - 

00»OCD00 — CMOStJ« 

Os" Os" -^ l>r CM CM 0> O 

^ — CM CO— CO 



rf?OCOCOO"-t<COiO 

osCMOsr^cot^oooo 

t>r ^ O >-<" — CO* O OS 



^HlO-:«-OSh--^CSO 

t^COiOOOlCMO— ' 
— — 00'-' — OtTCM 

o tC — — cm' 't*" o r^ 

^ ^^ ^ CM — — 



Tt«^HOOO>iOTf<00»0 
t>- CM O ^ OS CO 






85 



A A A °<=0"2 
gSg=°oo 
.— « CM in i-i ic •-< »o 



STATISTICS OF INCOME 



79 



C»^»O'*^00 

^<OCO«3COCO 



^ CM OS o OS r^ 

lo O) CM to -"^r o 

C CO OC CM CO to 



5 CO lO lO »0 00 



CO Tf O CM OS to 
OO -^ 1-^ CM CO Tt* 

O ■«9' O lO CO t-^ 

CO" CO* co' *o tS o" 



OS OS 00 TJ* lO CO 

00 CO lO o -^ o 
o "0 c^ r- to OS 

to ^ OS "" OS t^ 
CM CO — ' OS t^ lO 



CO -^ 00 OS r^ OS 
*:** io r^ to OS o 

— CM CM 00 CM CO 



to r- CM CM OS t^ 

O TT 00 !» CO CM 



.-- to -^ O to CO 

CO o -r — CO to 

O C C'l " t- OS 

OS to V r^ t^ Tf<~ 



r-- uo h* lo CO '-H 

00 r^ -^ -^r 00 CO 

— ' TT — CO CM r* 



^H to 00 OS O OS 



OS O CO CO CM t- 

O — 00 — ' lO ■<*« 

CO CD 00 OS 00 h* 



CM OSCOi— OO 
CS^CM CM CM W5 



to CO CO o O O 

i— ^- OS — to CO 
O —' n- O CM -H 



^H r-t CM CM -^ OS 



CO 00 lO to OS to 
00 OS CM 00 CM to 



4i-<-^CMC0CM 



O CM ^ct« OS h- to 

to 00 to CO GO to 
CM — O r- CO CM 



»o <— ' o r^ to to 

f-H f-H CM ^ .-I CM 



O CO O OS O to 
CM rr CO o to to 
O CM rp to to to 



to to CM CM -^ r^ 



OS r- CM cr CO h- 

CM CO Tt- to O CM 
CO t^ CMOCMOO 



—I ,-. CM ^ '^ ' 



00 CM CO to CO b* 

r- to — CD OS ^ 
r-cc CM oo to 



.-< OS ■>* CO ^ to 

CO to t-- CO r- -^ 

"*1< CO t^ OO 00 



rj* i— to CO Tj< .-« 
CM CM CO CO CO to 



cototoCMr^cotoc^ 
osco — wOOO^^ 
CO CO to CM .-t -. *• 



o oo. 

c^ ^, _- 



ogSg 



oo 



o a tuo o 

L2S H 






OSOO^-^O^CO 1 
to O CM CM to CM OS 1 
■^ CO -^ CO TT to 1 


|0 

io 


00 

s 

00' 


t^OOOOOSCO to 1 


c "5 




'13.462 
' 6. 204 
' 7. 582 
' 4, 235 
' 4, 445 
' 3, 885 
' 1, 429 




'I' 


192. 210 
86 462 

104, 248 
68. 328 
58, 372 
71. 993 
21, 504 


1 ir> 


g 


73. 990 
41, 559 
57,211 
32. 186 
42 100 
46,711 
13, 543 


is 


CO 


115.426 
43 035 
4,3,012 
33, 193 
13. 789 
19. 823 
6,981 


Ics 




' 47, 645 
'11.622 
7.948 
11,081 
9,402 
14. 527 
' 1, 707 


. 00 

is 


o 


76.110 
42. 342 
56. 633 
39. 163 
30.951 
56, 677 
17, 477 


1 cr: 

.00 

1 ui 


CO 


4,068 
3.152 
5.710 
7, 757 
8.210 
18, 753 
7,129 


■ o 


i 
g 


10.810 
8,380 

13, 864 
7,916 
8,194 

14, 308 
13, 698 


1 o5 




50. 693 
30.217 
37, 639 
28, 027 
36. 034 
40, 226 
7,198 


IS 


to 


107, 585 
82 053 

136, 744 

108, 285 
110,407 
184, 958 

63, 277 


IS 

■ o 

l«D 




32, 622 

28, 678 
46. 049 
32, 339 

29. 089 
40, 894 
19, 448 


il 
is 




12. 520 
7,304 
9,462 
5,886 
7, 649 
11,957 
10, 040 


■ o 


g 
1 


45.010 
29. 271 
43, 732 
34, 898 
34. 042 
62. 849 
23, 962 


Iim' 


IS 


7,539 

1,159 

874 

308 

158 

95 

9 

«6 


" 1 


IS 

o" 


Under 50 

50-100.. 

100-2,50 

250-500 

500-1,000 

1,000-5,000_ 

5,ooo-io.ono_ 

10.000-50.000' 


>l 

a '^ 

go 


3 
o 
Eh 



to OS to -^ OS CO 00 oa-^ 

OOSCO^OSCMtOoO^ 

toocoostotototooo 



CO'^'—CMtCcOTj'OSOS 
«-" r-i CM 00 to O 00 



TflOOSiO^-^OOOOtO'-H 
OSTj*CO«OCMiOt^OCO 
-^O^CMoOtTCO-^C^ 



OOOOOOOOCOOtOCOCO 
--t .-I CM 00 -V CM t^ 



O'^OOtOtOOCtOt 
t-^CDCMC^l-^iOtoOC 
tO^tor^CMCMCMCOC 



coooococ -^ ' 



i-l i-H CM GO Tf CO CD 



OOTf t- 

- CO CD 

CM CO 



COtOOsCMOst— t^^O 



osoo ^ 


«COC OC 


-.c 


t£ 


CO 


CD 


S| 


5= iCtC « 


23 



COOSQOOCO'-'OSh-tO 

cotOCD — coosor cso 

OSI>'OCMGOOOt»<COCM 



r-^CMtfCO.— CMtO^O 
tOOCOtOtOOSCOtOiO 



OOCOOiOSrf-^CMtOOS 
tOOOstOCMOsoCCOCM 

ooootocor^o^-to*-< 



) to^ oosooo 

' — *» CO 00 CD CM 
CM —« to CO 



^COCOCMCOOCCCCM 



tOtOOr--CMCMTf*tocO 

—^TyotocoocrotC' 

TTOOOSt-COOOtCtC-H 



1— 'OiCOtO.— 'f^^COOO 

tOCOOSOOOTf — O^ 

rt 1-H to to ^ -1 



OtOCOCO-^tOCO'TfOS 

■^ — CM-rfO^- — coco 

coooootor^rroco 



•-tCMi^cor-oscotoo 



COTfCOCOOSh^OSOCS 

osh-CMior— to^-CMto 

coCM^ccoscscr^o 



•^ to O t>. CD — ■<»' I 
CM CO to OS t- t 



CMOSOO — -rfTf^^O 

OSOOOtOOSCDCM— 05 



t^iO^COtO'^tOlCM' 

'-t-tCOCO'^tOOCOOO 



-^COOTfOOCTltOCO 

osccr-to«— 'lOM-^oo 



OOOOO'^CO — tCCOt 
CM WCOCD CO OSC 



1— I « IO CO 



coob»r-CMcoococo 

OCOOOb-tO— 'TTOtO 

toor*oOTrtocDt--Tj* 



r^oscotoootoiooiCM 

■^TfCOCCtOCOOC^O 
i-H ^ CM CM .— t^ CO 



i-« ^ Tj« to 



^COOOOCOtoOiCCM 
tOt^OO«OcD'««t<t^ 



i-t^COCO-^COCMpO^ 



OOS^C?s«CMO'^i-< 
OOOCDCMC-JOSCMOtO 
Ot^tOtO-^OOCOCOCO 



lOOW'— it>-'^'^f-^tO 
CMCMTP'<»<Tj<tOOS0r'CO 



o OS r* to to 1 

5 CD to t^ F-. CM ^ 



oo 

to o 
C^l to 

2S5 



J, o o oo 

to i-> lO »-" *o 



80 



STATISTICS OF USTCOME 



e Si S 






ISg-a 



cOta — 
n ® o*j 



e6S 



tn art g OT 



2S 



Ct3 > g ^'i 









i « fl 



C3 m ® .2 u. w 
o S m 'S -2 
03 S S S aJi 



I 1- d'o. 



_ 13 tn 

xf ca c > 0) 






COCO-— 'cor— t^io— <co 



i-H i-H lO C^l CI 00 



•— 'GC«505'— 'CO— '04— < 



«-l i-Hi-H(NcOCO00(M 



00— <o— «co-H— <r^t-- 



i-H i-Hi-HC^COClOOO 



C^Oh*'^-^00C001*t" 
COOOCOCSCOOO»CiO 



co?or*cDoocooooiC^ 



M 



cor^c^occcocococc 

b-OO— i35iOCOr^iO 

ci"c4odc^tD— H"«-rood 
- — :)r^ t>- 

* u^co 

CO 



;oooior^c^oor-»t 



(O CO O O 00 t-^ t^ CI ^ 



Tfoor^^cDioocoo 

OSdCOCOt^— 'lOTfCS 



OO-^OI^C^iMfM—'OO 

'*'»O0000iOTfCC00O 
OOSCOCOOiCOOOfMCO 



■^cOOiOiOOiCOCC'-H 
O-^000SfCC^Tj-(MO 

^H rH Tt^ CO CI CI 



t^»Or~^CD^CSCDC005 

oo»oco<r>u:>'t*"ocro 



J 0<N (MO 

CO — ' 



— I CI !>. 00 — < — I 



COQOt-^uO-^OCOOCOO 

— '— <oor^Tj«.-H— t'^iO 

O-^OsClC^i-HCOCS''** 



rHi-HCOlO^iOOOCD 

1-H ic lo r^ CD 



cir^c^co'^tot'-X'^ 

COCOCOCI^iOC^I'-O 



cOooO'^OCl— <00ro 
OCl-^iOl^iOiOQOCO 



o-^ocioior^cio 

oco-^o-^Tfior^-ci 

oTcoodrocicct^coco 
c*r^iooo^cD'^»ooo 

r- 1 .-H.-HCOCO'— trrcD 



lOC^QQCDOCOl^Or^ 

oscoccoocJCir^iOio 



eccocoQOCi^iooo^ 
cO'«*'OCJro«o»otC'— I 

^ .-H CI O CD t-^ ^ 



os-HCJccr^ot* — to 

t^QOO'^COOQCOOOO 

cD■*•-'oo■^coc^^^o 



Cli-HCIC^iCOO— 'Tt«Tf* 



00COG0CIO5LOCOCOC< 
— lOOOCO-^CICICOCi 

or-QsosccoOJCiOi 



COCO'^OOSCiO'OlM 



CTl»OOClCOOOCDiOO> 
cDOOtO'^*Oi-H.-H 



12 



E-i 






t>.l^t^COb»COCDCO^H 

i-HCDOOOiCCcDCOast^- 

•-Hcooor^t-*— lO'^— < 
cT 00 oT -^ »o Tf lo cf ^ 

"-li-lCICOCOOCOClO 



OOCOCDiOOOOOOOOO 
iOCDOOr^OOCOCOCD 
»— 'COtJ<OiOSOOOOOOO 

i-T Cl" 00 00 CD O CO cf tP 
TP-^t^CDCDTt^iOOiO 



COOCD--H^COOiOid 
lOCO— •OJTT'di— "-^^tM 

Tj<coTpr^Odco»oi— I 

t-T CO o" o o oo" --r .-H* -h' 

■^TTOOr^^-iOCDlMt^ 



OCOCIOOO'^OCD^ 

^oor^oo^iooico 
lOCOOco'cDioodr^cD 



— ' o r^ t^ r 



I lO CD CO d CO to — t 

d'd'co d"d"io "-T CO CO 



COTf^— «'OOCOt-00 

co-^cot^ooco»cooo 

OCJOO^co— 'O^O 
O — ^" —T :o TfT oT i^-T (m' ,-i 
Oi-^eococooo^r^-ur^ 



i-HOCDCD05CiOSCO— < 
rJiCOtOtO-VOJdOsO 

oocoosoooo^di^- 
co" 00 d" — < ■^* lo CO lo oi" 

OOCOOrfiO— 'lom 
lO^TrcDdoOOTt^Ci 

cf d' eo' d'd' tc w co'd' 

»O00CO— 'OiOCCOO 

cor^O"<fcoooc>oo 

(>.— ,Tji— (OcOOiiO— t 

cooocooTco'Ttl'd'cocs 

■^O^COCOdCO^I- 

i-HdddiOd'<:rco 



TPTPcoooior-.— ''i'Tt* 
OiOidcoooooscoo 
u:icD— <oootoco»n— I 



COOOO^OO^^ODCO 

coco»CTt*coi>-dw:icD 



CO^OiOCJTt^h-OOiO 

r-ido'^'-toog.— iio 

uot^^iyDOOSOOOO 



codcoosocooo— <co 

i-HdCDCDOO'^t^COr- 



Tt«OOOOSiOOCOOCO 

'-ioocD'--.co^'-^or^ 
t^r^ioiod-<*<dOi-H 

CD d" t^ co" i^ ■^'" oT Tj*" o 



■^00"^050TptOCO 
lO— fiOOoOCDOOOi 

loo^dt^'^tioood 
d" oT lo r-T o «o CD oT CD 

— lOlCOLOOO^OOiC.-i 

d.— tcoddcodoo 



OiOOTfl^COiOOd— ' 
COOOCOOiOOOOOOCO 
OOdOcOCOdOidCO 

i-Tr^oo^oco'cDO"^ 
00— ^or^iOr-^Tf^d 
corxcooocodOs^ 

r-T .-T rt" d" i-T d' 



coco — C-)05C0C0Od 
iCCOdCidiOCOwd 

o h^r^ os" d~d' d" f-r-^jT 

ddCOnOOi — CCOrt* 



rt r-ld — - 



I TJ4 r-H lOCO 



oododoo-*-— '— 'O 

CDTt^ — OOOir^t^Od 
lOOOfOiOCOt^OOOOl 

o to"Tjr co" r-^ o oT »o"d" 
'^coO'-*a>oroascD 
ddTpcodcodcoto 



r-Ht^CO— <OOlO'*:*<dO 

"^•OCO-^OOOtOOCO 
CO— "OOiOdt^-^OOd 



d'^CDdOiiOOidd 

r-ococo — r^io — to 

dd^O-^TfOOCOCDCD 



t^^OOCOCDdCDOOO 

t^dTt^QOCOOOCOOr-H 
CDr-c-^0»0— «W^ 



OOOOCO — (1-H 



;qo§:;-2'?' 



STATISTICS OF INCOME 



81 



1,764 
996 
3,599 
1, 8.59 
3,577 
15, 666 
4,193 


ICO 

In" 


to 

s 


' 93, 347 
' 31, 947 
7 39, 740 
' 23, 394 
' 22, 376 
' 30, 398 
' 11, 993 


loj" 


CO 
(M" 


' 93, 086 
'31,556 
7 39,111 
' 22, 595 
'21,099 
' 28, 235 
' 10, 495 


l«o 

ITf" 


i 


2, 806, 927 

1,270,419 

1, 466, 961 

856, 501 

773, 286 

1, 127, 736 

400, 084 




«5 

00 
CO 

Os" 


118, 079 
38, 002 
33, 171 
13, 803 

9,195 
47, 397 

7,079 


iio" 


CO 


2, 660, 084 

1, 217, 947 

1, 414, 274 

829, 578 

748, 659 

1, 055, 101 

383, 405 


lO" 


c<« 

o 


' 282, 705 
' 54, 316 
' 15, 222 
1,316 
' 1, 983 
' 6, 206 
56, 251 


1 CO 


CO 

co" 
to 


614, 927 
307, 775 
392, 833 
248, 630 
222, 027 
269, 309 
84, 291 


lOS 

is 


•o 

o 

CO 


34, 890 
27, 498 
55, 784 
50, 622 
54, 047 
98,511 
56, 079 


ii 

loT 
• o 


o 

o 

oo 


52, 400 
41,997 
69, 559 
54, 776 
49,086 
121, 462 
42, 518 


IS; 

l>0 




420, 154 
205, 235 
219, 949 
170, 360 
152,711 
313, 888 
93, 661 


lg 

IS 


03 


928, 683 
572, 435 
812,480 
569, 991 
516, 984 
860, 594 
359, 559 


i° 


CD 

o 

CO 


209, 178 
140. 164 
214, 028 
158, 269 
130, 270 
232, 530 
103, 669 


iCO 

loo 


J* 

CO 


308, 875 
162, 731 
201, 878 
127, 704 
113,011 
168, 871 
74, 801 


ilM 
'■O 

1-* 




320. 117 
198, 876 
274,913 
182, 398 
163, 048 
262, 980 
89, 378 


1?J 
i«0 


CO 
CO 

to 

s 


68, 478 

8,196 

5,375 

1,649 

761 

461 

52 

«30 


N 1 


s 

o 


Under 50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000. 

5,000-10.000. 

10,000-50,000 « 


H 

2 Si 

ii 
go 


3 

c 



lO CO OS CO t>« ^!}* CO 
O UO O 00 •— I t-H CO 

i— t "^ oo CO CO r- CO 



CO TJ< !>. r^ 00 r-- CO 



OS 00 ^ lO CO 00 00 

lo lo r- lo CM oi •-« 



»0 O !>• »0 -^ -^ CO 



CM OS lO CO "0 CO O 

00 CO CO 00 00 CO r-- 



»0 O 00 CD lO t^ CD 



lO .-H t^ O 00 CO -^ 
O -*< t~- 00 OS Tp CD 
'-I CO OS t^ O O '-H 

cm" rC cm" lo lo os" CD 
■^ ^* ^ 00 r* ^** 00 

CO ^CM ^ ^CO 



CD CO CM »0 CM OS CM 
CD CD CM h- CO rj' t^ 
CO 00 00 O O -H O 

Tjl' — ' cm' oo' I-^ lO "^ 
CO t^ CO t-- CD CO 00 
CO i-H CM i-H ^ CO 



CO O >— I 00 CO -** Tji 
.— " 00 CD CD r^ CO 00 

r* CM CO ^ CO CO r^ 

c4" CD -^ O t^ *0 cm" 
,-t Tt* lO w^ CM -^ 



CO f-- -— ' CD CM ^ O 
CO OS CM .—I ■^ CD CO 
CD CO CM ■rr CO t-^ CO 



CO w CM ^ lor-o 

CO lO OS l>- 00 OS -^ 



•^ Th CO OS Tt< 00 O 
CM oo CM lO CM CD rH 
CM CD Tp CM CO O OS 



CO CO CM CO "H I-* CO 



CO OS ■n' CO ■^ CO OS 
O CM OS O --« --I o 
t^ »0 O t^ O CO I^- 

«D CM Co' wi" lO 1^ CO 
^HCOCO *OCDCO 



»0 ID 00 O CM O O 
CM O OS CM OO UO 

t^ t^ r^ CD lo OS •— ' 

cm' cm' CD*" oo' lO O ^ 
CO C^ CO CM CO t^ CM 



CO OO CO uo r* t-- CO 

C^ CM CO OS 00 -H 00 
OCM CO lO ^ t^CO 

co' r^ t-^ co' r- lo -Tj*" 

CM »-i CO CM r* CO 00 
r-H r-i CM CM CM CO >-< 



OS -^ 00 00 O CO CO 
lO ^ OCO CM Tj< O 



CO ^ tM CC CD lO OS 

lO CD CO CM t^ O CM 



CD Tf CO CD O CM CO 
O b* 00 CM 00 COO 

W5 CO' to »0 CO" TjT cm" 



OO 00 OS O CD »0 CO 
CD lO lO O CM r>. »o 

r^ r-* OS ^- CM CO ^ 
cm' o o *o i-T os" CO 

•^ CO lO Tj* Tj^ O CM 



t^oi^ooscMr^ioc<) 

OSiOCM"^OSCMCMi-H« 

O CO lO cococo ,o 



■oo o g 



'OOoio'— « t 



^ _rl J. o o ^ 
o o W 
oo cs 



a I ooo^^w.^-i2 

»-, oo »0 0^-~i.O Or-1 
t— 'iO«-HCMiOr-iiO.-(io'w' 



C-^OOt^b^Ol^OS 

coososcocof^ 



OSCOt^OOCMCMiOiO 
i-«COOSiOOOt^OSiOiO 
COTTCOOSOCMiOt^tO 

00 CO os" >o ■***" -^ ^ o o 

COWrH^CMcDCMCOrH 



COOSOS|^C35000CM'<*' 

CMOQOOCOOSOO-^^ 

'«tf^c<ico»ocD^i^Troo 
> co' oT lo CO cm' o os' 00 



CO t-H ^ i-H C 



OSOSTt^OCC f'-OSCOi-H 
COOOTT'^'-'CMoOCOas 
TfiO»-HCDt^-CM00'-tO 

cd" cT CO 00 t^ lo Tt<" r-T cf 

CMCDOOCMCOi-tOOOCO 
»Oi-Hr-«.-H,-lCO^i-l 



CSOO00C0.-H01C00S 

co-^oocrsio— ^cocM-H 
oooor^oscoo^ooooo 

tC r>r cd' i-T cr' lo os" »o oo 

O'^iOOOOOoscOCM 

iOi-l,-l^r-lCM f-H 



OOS^IO-'J'COCMCDO 
b-.-tCSOCO»Oi-iCM^ 
CDOCMt-iCDf-H,-iiO^ 



coco^oor^r^ooosoa 



.— iC0O>O00O»-0C0CM 
■^CM-^i-HCDOsr^OOCO 
TfTP.— it>-CMCOCOOSCO 



r^'*'<^coooioh-.-4)-i 

COCSCOCOCOOOCOOSCM 

—I ,-j ^ ^ ^ ,-H 



Tf^ocor-c-iCMooo 

--iOS30CDOOS»0.-( 
CO'<?'»OOS»OOOi'— t 

1-H* 00 OS 'rr^ 00 o O r>^ 

i-H CM CO -^J* CD ■<*' t^ 



400COt~-.iOCMr-CMCD 

OCD-— 'OTt^rr-OSi— tCO 
OO^J^OOt^OSTl'iOCOCO 



coeoososcocoio*^"^ 

"i'cOt-'-HCOOscoiOOs 
i-fCMCOOTfiO 



OOOOtJ-COOSOO^-^O 
C0CDCMCMC0»0'*OI- 

cocMr^io-^O'-Ht^iO 



f^COTjir^COCMCM— «co 
COiOOOCOt-»'-Ht>-iOOS 



Ot^OsOsrfh-r^OO^ 
cO'-'cocDr'-co— 'lO^H 

OO-^iOCOt^COCOOOCM 

^" OS CD CD OT CO^ CD C<r ^ 

CO'-HCOt^CD— lOOiOO 
CMCMTt<-«:*<CO'-'r*OSCM 



oocoooooosr--— <-^io 

t^00CDCDwr>-OSiOCM 
Tj-O^t^O^OczJCMiO 

CM lO 00 CO "O CD lO O CD 
iO»OiOI^rfOCOcOCD 
i-i^COCO«Ot^CDCDi-H 



CDOOOO'^— 'OSO-* 
OOCOCMOCMIOCDCOOO 
»-Hl>.C0O'-<t-*»O00 



o-^b-cocoococo 



OOCDCS'O-rfiCoO'OOl 

coco'O'-HOsoo^Hr^'^t' 

.~«OOOOCOCMOS"<*'COOS 
CO CD cm' Tj^ id OS CO lO o 



C^O0000OiOG0t>-C 

lOCSCOCOiOCOi-HlO 
OOOOSCO OS o^ 



OOCO CM .-H rH 



- O lO O - I IOC 

2'^"?'roooc 
Toiigg^:^ 



82 



STATISTICS OP INCOME 



CO O 



r< 5^ S — 






® fc « 



. « O CO 

o-ce — 



^11 



£ 'S o ® 9 



OS 
OS 



o'Si2 .-S 



32« 






4) P • CO 

■a oJti P. 



OT? 3 >; 






a 



_ T3 M 

j3 CO a > a) 

Q S ^ CD =9 



oa- 



g I- 3 — oj » 



o 
o 

w 



CMO>CSCT>OCOCMt— O 



cs c^ CO -^ tt r^ h-. 



OiiOCOOCO-rft-HOSt^ 



lOco'OcoTf-^ai'^co 



"^ TT 00 00 i; "" 



CQTt*.— irrcc^oc^ioto 



oos— ^rrcioor^co 

ceo — h^CCOCSOiO 

r^h-c^ooc^oo-vcoco 



coGor^ioi* — r^coo 

^ .-I 1-t — iO (N Ci O 



I^OOOC^C^(MOi<Nh- 

OO-— 'lOtOOt— COOOO 

coosor--cDt-*coocs 



,- ■» Oi o -^ t^ — 



O — 00 
C^ -* — I 

OS ^ lO 

co^do 



. in o o o o 



'-' CO CO O O C5 — 

f-< i-( cs oi ^c r>- 1 



^lOOOCOGOOrO^-OO 
COOO^OOiOt^tCOs 



C0C0«O(NOT)'^0000 
OCSOCOC^I(•-r^CiXl 

i-H-M coCOtT-CScD — 3i 



— — CO 



":— OOCC^-^OOr-ti 



OOCDCOC^COCOCOCOOO 
C^r^iCCD'-HOOiOCO 



OoOOcD-^OiOOr^Oi 



— — TJH^COCC — OOO 

c^-^cocoo»or^t^Oi 

— — i-H CO i-H Tf C^ 



^^^^nt--0'^^'r^05^-fO 

lOCOC^t^OOOCDt^O 
OOt-'OOCO — TfiOfMcO 



00»OCOCMt^OO(NOO 

■rf*cOrj*coioc^cc — lO 

— r-l -H -(J* ■— . 40 1-* 



Oi r 1 h- (N (N cr- oo — 

CO—'Ol-HGOCO-^COCSO 

— — c^coO":ioc^ro 



OOh-COCliOdOOS 

c^cocr5cor-iO!0-<ros 



— — iocj r>- -^ 



coasosas';or^*— oor* 
lOr^coooOioo-Hco 



— (MOOiOiMCO — CO-— ' 

OOCOCDGCOCSCSOGCS 

•— ICOCOtTOSCO'^'-h 



00 — rjOiOCOOOiOO 
C^OSCiCO-^COCSt-^rP 



WC^COCOi-t(N(N.-lrH 



c^o>-^»oooo»0'frTf< 

CSOOT-t^OiO — 00 



<D— 'COlMO-^t^Oi — 

— coi^r^osco — '^ 



•OCOC^C^Tf'-'CDCOfO 
OOOiOCC-^OOOuOOS 

<o— 'Oir-ioi*coco 



05 Tp lOCOC^ CS 



O OOr 



S ^ "'"' 1 ==> = 



OCSiO — c 



oo o o - -oo 

'lO^HC^iOr-liOr- 140 



OOSTfi-IOOOi-tOcO 
»0*C--<OCCOOC^LCO 

»O»r5;O00 — — lOCSOO 

«0 CO 00 00 to <D oi os" — 

f-H 00 •* — CO 



iOtJ* — toutit^COCOO 

— — wcsooococ^co 



) o cc r- OS c^ — o 



C4 — C^ CO 



TfOooOTf" — c^r^c^ 

lOcOCOOcoOiccOCO 



CO(N — OTt«00^^ — 1^ 
*CCO»OiO-«»<'--CO"^iO 



S40 — ' ;o — ' h- OS a> 
h* <N -^J' CO -"^r GO OS 



coosco— -^Mr^-H — 

i-tOSOOOC'OiO-'J^COC^ 
C4 1-H — CS CD CO t^ "^ 



0'^r-osiO'*s<oo^Hco 
";;oooocD^t-oosc^ 



OSCO<X5<OC^— <(^CDCD 



lOtOCS — CJCOCM'— <0 

oso^^csr— cooofoo 
os-^c-ico — ococo— « 

-rf'co Cs'u^'iO CO' Oi oTcT 

OOr^cot^CN— Oeo 

CO — — -_ 1^ to r^ — 



r-ioosc**— ir-oc^— ' 
■<rocoo;roic^oo 

TTOS-— tCOCSOiC^OOCO 



-^os-^osoccooo-^c 
— — ■-*-r^coo57s'*< 



CM — < c^ r^ 



»-<'-«'^co-rooo-T'-H 
»o*cr^oo»ocoiorji^ 
i-T <o o" oo' cT co" oo' Tf* 00 
"^CO— ic^co»oocooo 
1— I .-1 i-i ;d rr o OS 



oocooost^incNooio 



OOQCCCiOi— «CO(M^H-S- 
COOOOOOC'^OCOCN 

i-*csr*r^cDcooocoo 



O— <OOCCOOOOCOCM 

O. 'OCDiOCT'— 'CSQOCO 
■^OCNt--"^ — 0-<^0 

— tN Cf »C (>r iC O co' lO 

asr^ooJr-(N:3S(Mos 

i-'r-.cococoocooo<:o 



— oo»o — -^cocccoco 
iOiOco(Nrro;'<J*roc^ 



t^COCSOCCOcCf'C 

»coo — ucco — — (N: 



W CM CO CS CD lO »0 

i-l —CO 



0>CO-fOS'-<COOOrf 

lOC^oct'Ooc — r-to 
r^csieocorj'oo-*'iou^ 



■^u7^-coi-Hr^«ooca 

COiOC^lC^CSCOOOOCM 
— — — CM f-T — 



ot^co-^orcocor-oo 
cr.— icocor^O-^-^r^ 

»0 — CMCMOSCOCJt^CM 



osoO"^-— 'Oso-^Tr" 
r-t--.— — osos-^oco 

rr-rrOOcOOOCOCDCD^O 

o" cm" re r-' oi' co" — co CM*" 

'T'lCO'OOSOcOiOiOcD 

•-H.— (■^coo*or-cscD 

— 'co"— '^'cD 



■^^osc^oo- ooooco — 

CD-^C^-^COCDOOiOO 

co<oi~-Os.-Hr-oot~»CM 
00 — "co't^io'io 



'O OOt-j 

■oJilisg 

'^<± 1 oOoS 



STATISTICS OF INCOME 



83 



T)<aj <m 1 1 1 1 it~- 
,^ f-i 1 eo 1 1 1 1 1 «D 
iM 1 1 1 1 1 


S 


SSS ;S 1 1 ; 1 iS 


" 


^lO 100 1 1 1 1 <cn 

lOM iTji 1 1 1 1 1 00 




mio iiM 00 


05 


^S : 1 2 

■«< -^ 1 1 1 1 1 1 1 








0000 IN 1 1 1 1 IN 

n" 1 1 1 1 1 i"" 


1^ 


not lO 1 1 1 1 ICO 
to *r) '00 1 1 1 t . -^t- 

COiO iO 1 1 1 1 1T»< 


CO 


«5 t^ 1 IM 1 i 1 1 1 1 

00 ■ 00 1 1 1 1 1 1 


•o 


S2 1 I I ; I : 1 1 


s 


rt 1 -H 1 1 1 1 iM 

i i i ' i i° 


i 

o" 


M to irf 1 1 1 1 iC^ 

o ^ 1 r^ 1 1 1 1 • »o 
t-t>. iiO ■* 


-*<■■ 


O C^ irt 1 1 1 1 1 t~ 

O -^ 1 IO IO 

-^ 1 IO 1 1 1 1 100 

^ 


i 

lO 


M 1 ICO 1 1 1 1 1 IO 
CO 1 ' 1 1 1 t 1 ,—1 

■«< 


05 


t^ r^ 1 CO 1 1 1 i ■ .-( 

C-l I^ 'OS 1 1 ' 1 '00 
■"JiTfl ' r-1 00 

1 1 1 1 1 ITJf 


00 


to w CO »0 1 ^ ^ t 1 1 

t^^e jo «> ; 1 ; 


OS 


Under 50. 

50-100 

100-250'-. 

250-500 

500-1,000. 

1,000-5,000' 

5,000-10,000' 

10,000-'50,000 

50,000 and over 

Classes grouped 


2 
o 
Eh 



2 -o 



00 r^ lo a> 1 1 1 1 1 1 
■OO rt 


S 
■* 


' 3, 541 
'300 
'417 
' 132 

''"566 
"'"213 


>o 


SS8^ ;§ ; : :8 

lOOOrt- -H lis 1 1 1<N 
co'"" *" ■" i" 1 r i"- 


o 
to" 


T)< COIM CO 1 to 1 1 1 to 
CO O O to 1 IO 1 1 1 O 
OOCO ri rt IU3 1 1 Ir-I 


00 


OS c^ oa f-i IO 

c^ coco .-1 1 1 1 1 'Cq 
t^CO --1 


s 






Ot^tO CO i>0 1 1 1-* 
tv. IO tc ^ 1 to 1 1 ' IO 
,-ltO-HN 100 1 1 100 

pf to c^" 1 -^jT 1 1 1 -^jT 

>Ort —1 1 111^ 


i 


OOt^O O lO I 1 1—1 
^H 05 C^ 00 ' IO ' ' 'to 
t^ COOO IO '03 1 1 1 ^ 

O-HCf^" lO 1 1 it-^ 
CO 1—1 —1 1 »-l 1 1 1 


a> 


1,968 

4,2S9 

2,252 

257 

"'"'i,"342 


1 


5,877 

2,023 

1,731 

378 

2,'495 
900 


o 
co" 


17, 707 

3,024 

3,070 

818 

"""6,"345 

"'ii.'ise 


o 


Oi 00 C^ 05 1 »0 1 1 1 to 

s§g§ :k : ; ;Eo 

0"iCros"cD 1 oT 1 1 i(^ 


00 


1,848 
1,084 
2,679 
2,563 

"""i6,"663 
i,"923 


o 


0» t^ON lOS 1 1 1 Tj* 

lOOOOOiO 100 1 1 !■* 


2 

to 


00— i(M 00 iiO 1 1 1—1 
to CQ to -31 1 O 1 1 1 Tji 
00— 1 >0 lO 1 -H 1 1 1—1 

c^-NM-i" loo 1 1 l-T 


85 


»0 — 1 Tf c^ »o t^ ^ 1 1 1 
•<*i t^ to (M ^ ^ ,o 1 ' ' 

to c • ' ' 


lO 
00 


Under 50 

50-100 

100-250 

250-500 

500-1,000' 

1,000-5,000- 

5,000-10,000'- 

10,000-50,000-- 

50,000 and over 

Classes grouped 


"3 
o 



,Q J2 



£ -g 



23 



73 




M " 


C 






^ 


,03 


X2 




S^ 








S3 




J^o, 


yi 


Fl 


'S-^ 


ja 


Ui 


•S"- 



0)0.- 



.— a> 
> o 

r5 P . 
^^ a 

-OTS o 

S'S.2 

las. 

ca— 1 t> 



) BO'S .SfBn 



S SB 



» 60 O "^ 

W o a ^ 
a s) 

— © ca 



"as 



« o 9 
(S u OS 

OS'S 
'"S Oi 

2 M t. 

go'ffl'S 

.S t; d'O 
o o 



s|.a 

<D — 

■OH® 

_ M-a 

a£^ 

a a 2 

— r/i a 

2 2 .2 

a o 2 
■"" — » 

a > ° 

5 '^i S , 
o— 5 t:— " 

.2 » o o ,.73 t-^-o a 

ii li-sfili 



84 



STATISTICS OF INCOME 



Table 7. — Corporations, 1926-35, by major industrial groups: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income * 

[Money figures in thousands of dollars] 
[For text defining certain items and describing returns included, see pp. 1-4] 





Total 
num- 
ber of 
returns^ 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross in- 
come 3 


Net in- 
come 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber 5 


Gross in- 
come' 


Deficit 



AGRICULTURE AND RELATED INDUSTRIES 



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, 528 


1,995 


10, 084 


2,321 



615, 
633, 
636, 
636, 
363, 
215, 
133. 
178, 
296, 
358, 



8,175 
6 9, 054 
8,217 
6,783 
4,041 
1,201 
675 
2,102 
4,198 
6,036 



55 
80 
160 



5,990 
4,460 
4,679 
5,023 
6,431 
7,354 
8,615 
7,818 
7,331 
6,734 



249, 342 
188, 645 
188, 503 
246, 280 
307, 122 
276, 868 
235, 120 
217, 090 
241, 135 
230, 654 



MINING AND QUARRYING 



19. 252 


6,006 


18, 519 


5,232 


18, 793 


5,183 


18, 201 


5,211 


17, 635 


4,700 


17, 580 


3,832 


17, 218 


2,868 


17, 068 


2,982 


18, 656 


4,460 


18, 420 


4,527 



3, 207, 

2,259, 

2, 501, 

3,031, 

1,611, 

732, 

537, 

555, 

1,161, 

1,331, 



455, 

276, 

332, 

431), 

194, 

71, 

62, 

71, 

156, 

162, 



57, 308 

34, 898 

36, 751 

44,319 

21,474 

7,211 

7,445 

9,921 

21, 4.16 

22, 400 



280 
428 
615 



13, 246 

7,804 
7,750 
7,291 
7.533 
8,291 
9,178 
8, 866 
9,083 
9,188 



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 
1, 292, 853 



MANUFACTURING— TOTAL 



93, 244 


55, 094 


9.3, 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 


96, 213 


37, 976 



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 
35, 413, 610 



4, 494, 
3, 938, 
4, 744, 
5,216, 
2, 757, 
1, 464, 
757, 

1, 460, 
1,906, 

2, 482, 



584, 507 
« 507, 735 
544, 937 
544, 053 
316,992 
165, 311 
99, 949 
203, 713 
262, 466 
341, 355 



3,649 
3,477 
15, 528 



38, 150 
36, 196 
36, 566 
36, 742 
50, 863 
58, 815 
72, 931 
62, 295 
57, 269 
53, 700 



9, 573, 203 
13, 588, 788 

9,813,970 
12, 252. 285 
19, 846, 043 
23, 058, 882 
19, 279, 691 
12, 861, 490 
13,650,040 
12, 484, 183 



MANUFACTURING— FOOD AND KINDRED PRODUCTS' 



15, 008 


8,950 


15. 079 


8,971 


14, 965 


8,844 


15, 124 


9,045 


14, 847 


7,897 


14, 632 


6,466 


14,968 


3, 629 


12, 859 


4,247 


13, 362 


5,374 


13, 375 


5,312 



10, 



475, 
461. 
518, 
540. 
436, 
326, 
199, 
264, 
302, 
317, 



61, 429 
59, 049 
58, 391 
56, 309 
49, 869 
36, 823 
25, 201 
36, 906 
41, 768 
43, 670 



631 

642 

1,584 



6,058 
5,461 
5,405 
5,380 
6,328 
7,624 
10, 653 
7,934 
7,150 
7,283 



1, 762, 832 
4, 188, 757 
1, 497, 403 

3, 854, 726 

4, 377, 338 
3, 988, 706 
2, 858, 953 
1, 748, 880 
1,371,310 
1,988,025 



MANUFACTURING— LIQUORS AND BEVERAGES (ALCOHOLIC AND 
NONALCOnOLIC)' 



2,969 
3,283 
3,282 


898 
1,368 
1,466 



484, 487 

851,516 

1, 107, 301 



73, 363 
97, 648 
107, 824 



10, 199 


397 


1,648 


13, 427 


402 


1,540 


14, 826 


905 


1,481 



107, 420 
207, 905 
216, 399 



For footnotes, see p. 



STATISTICS OF INCOME 



85 



Table 7. — Corporations, 1926-35, by major industrial groups: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns^ 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross In- 
come ' 


Net in- 
come 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber' 


Qioss in- 
come 3 


Deficit 



MANUFACTURING— TOBACCO PRODUCTS 



497 


289 


445 


261 


439 


238 


437 


243 


405 


195 


370 


165 


382 


114 


405 


122 


405 


131 


387 


139 



1, 124, 966 
1, 177, 777 
1, 180, 870 
1, 220, 530 
1, 094, 278 
1, 086, 321 
978, 533 
837, 949 
1, 023, 213 
1,077,784 



117,366 
124, 775 
121,678 
132, 082 
143, 788 
142, 494 
138, 399 
65, 224 
96, 296 
99, 419 



15, 718 




208 


16, 745 




169 


14, 548 




181 


14, 554 




177 


17, 216 




197 


17, 066 




211 


19, 061 




256 


8,998 


8 


261 


13, 241 


5 


245 


13, 670 


44 


228 



35,051 
23, 525 
19, 122 
50, 436 
76, 799 
97, 515 
61, 188 
105, 158 
36, 383 
33, 682 



MANUFACTURING— TEXTILES AND THEIR PRODUCTS 



13, 436 


7,708 


13, 851 


8,240 


14, 508 


8,076 


14, 629 


8,104 


14, 692 


5,678 


14, 655 


4,875 


14, 637 


2,467 


15.351 


5, 664 


15,775 


5,682 


15, 656 


6,129 



5. 354, 
6, 285, 
5, 702, 
5, 902, 

2, 642, 
2, 132, 
1,211, 
3. 183. 

3, 040, 
3, 861, 



314, 649 
417, 484 
351,850 
323, 974 
105, 610 
77. 830 
41,052 
203, 733 
141, 702 
171, 425 



39, 829 
50, 341 
39. 355 
33, 197 
11, 122 
7,351 
5,047 
28,010 
19, 505 
23, 570 



764 

291 

1,034 



5,728 
5,343 
6,098 
6,236 
8,753 
9,503 
11.872 
9,310 
9,741 
9,254 



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 
2, 045, 223 



MANUFACTURING— LEATHER AND ITS MANUFACTURES 



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 


2,415 


1,090 



1, 234, 232 

1, 415, 200 

1, 325, 306 

1, 258, 771 

733,941 

545, 388 

371. 438 

727. 024 

709, 035 

935, 624 



9,358 
12, 229 
8,892 
8,109 
4, 389 
3, 340 
2,404 
6,582 
5,018 
6,568 



167 
66 
198 



1,078 
903 
1,015 
1,084 
1,515 
1,487 
1,816 
1,365 
1,368 
1,258 



427,012 
316, 039 
396, 514 
482. 402 
655, 143 
564, 469 
469, 593 
261, 236 
324, 117 
228, 436 



MANUFACTURING— RUBBER PRODUCTS 



680 


339 


655 


335 


723 


349 


638 


311 


607 


227 


552 


174 


544 


96 


572 


215 


650 


267 


632 


286 



1, 147, 
1, 039. 
932. 
916. 
559, 
401, 
127, 
300. 
362, 
671, 



37, 501 
70, 253 
44, 645 
56. 324 

12, 242 
14, 004 

2,779 

13, 339 

14, 976 
30, 119 



4,867 




341 


8,849 




284 


5,149 




331 


6,055 




303 


1,336 




354 


1,371 




361 


301 




426 


1,867 


52 


330 


2,094 


20 


340 


4,141 


323 


312 



452, 909 
407, 272 
454, 122 
510, 967 
540, 748 
415,317 
507, 935 
418, 134 
393, 498 
116, 885 



MANUFACTURING— FOREST PRODUCTS 



7,862 


4,591 


7,816 


4,178 


7,947 


4,290 


7,869 


4,195 


7,501 


2,340 


6,954 


1,525 


6,707 


541 


6,879 


1,638 


6,855 


1,812 


6,843 


2,384 



2. 330, 766 

1,929.814 

2. 052, 903 

1, 978, 584 

723, 630 

332, 942 

95, 829 

407, 146 

490, 335 

734, 389 



172, 972 

125, 408 

142, 197 

135, 612 

35, 825 

14, 966 

5,271 

22, 745 

27, 210 

37, 968 



21. 907 





3,271 


15, 612 




3,353 


15, 210 




3, 367 


13, 437 




3,294 


3,591 




4,868 


1,379 




5,150 


666 




5,929 


3,153 


119 


4,882 


3,743 


63 


4,725 


5,221 


222 


4,199 



738, 045 
874, 474 
789. 281 
816, 194 
1, 263, 948 
1, 014, 898 
758, 131 
586, 815 
605, 068 
583, 999 



For footnotes, see p. 



86 



STATISTICS OF IISI^COME 



Table 7. — Corporations, 1926-35, by major industrial groups: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns- 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross in- 
come 3 


Net in- 
come 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber* 


Gross in- 
.corne 3 


Deficit 



MANUFACTURING— PAPER, PULP, AND PRODUCTS 



1926. 
1927. 
1928. 
1929. 
1930 
1931. 
1932. 
1933. 
1934, 
1935. 



2,024 


1,365 


2,083 


1,386 


2,093 


1,345 


2,145 


1,406 


2.113 


1,114 


2,086 


832 


2,097 


473 


2,164 


993 


2,318 


1, 208 


2,306 


1,296 



1, 430, 

1, 401, 

1, 374, 

1, 546, 

1,011, 

632, 

291, 

709, 

966, 

1, 165, 



120, 460 

123,988 

118,590 

124, 347 

73, 641 

37,472 

16, 600 

52, 356 

80, 889 

92, 321 



15,610 




659 


16, 063 




642 


13, 768 




678 


13, 222 




673 


8,475 




953 


4,239 




1,200 


2,237 




1,582 


7.250 


169 


1,106 


11,123 


211 


1,032 


12, 686 


266 


938 



221, 834 
267, 600 
352, 796 
249, 444 

567, 158 
639, 142 
717,678 
453, 368 
347, 752 
326, 145 



14, 362 
13,614 
14, 959 
19, 893 
36, 379 
53, 776 
81. 073 
36. 090 
28.418 
31, 994 



MANUFACTURING— PRINTING, PUBLISHING, AND ALLIED INDUSTRIES 



1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935, 



10, 545 


6,931 


10, 679 


6,734 


11,127 


7,070 


11,569 


7.331 


11,736 


6,098 


11,822 


4, 593 


12, 100 


2,155 


12, 077 


2.713 


12, 622 


4,490 


12, 912 


4,895 



2, 196, 
2, 185, 
2, 329, 
2, 468, 
2, 055, 
1, 285, 
888, 
977, 
1, 285, 
1,468, 



203, 
198, 
243, 
270, 
176, 
115, 
58, 
71, 
117, 
140, 



124 
201 
463 



3,614 
3, 629 
3,703 
3,839 
5,271 
6,810 
9,510 
8,886 
7,618 
7,495 



351. 
380. 
350. 
402, 
607. 
1,000. 
900, 
673, 
571, 
559, 



006 
788 
104 
749 
512 
802 
170 
917 
153 



MANUFACTURING— CHEMICALS AND ALLIED PRODUCTS 



1926 
1927. 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 



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 


3,049 


7,969 


3,156 



785, 
495, 
848, 
911, 
534, 
251, 
167. 
272. 
324, 
366, 



102. 964 
« 64. 767 
99, 002 
98, 124 
62. 961 
29, 409 
22, 644 
38, 240 
44, 627 
50, 340 



535 
543 
929 



3,210 
2,892 
2.820 
2,998 
3,727 
4,047 
5,315 
4,696 
4,559 
4,350 



768, 153 
1, 969, 078 
778. 526 
737, 016 
2,351,166 
3, 952, 977 
3, 696. 099 
2, 191. 132 
3, 325, 574 
2, 882, 520 



69, 279 
110.369 
59, 789 
56, 976 
175, 459 
318,864 
223. 266 
189,213 
178, 543 
114, 331 



MANUFACTURING— STONE, CLAY, AND GLASS PRODUCTS 



1926 
1927. 
1928. 
1929 
1930 
1931 
1932 
1933. 
1934 
1935 



4,606 


2,762 


4,682 


2.587 


4, 852 


2.676 


4,816 


2, 572 


4,724 


1,805 


4,418 


1,149 


4,268 


424 


4,112 


642 


3,974 


997 


3,967 


1,253 



1, 500, 

1,3.^)7, 

1,394, 

1, 389. 

1, 027, 

483, 

184, 

428. 

603, 



195. 

157, 

172, 

163, 

92, 

41. 

13, 

34, 

61, 



25. 542 




1,844 


20. 564 




1,876 


19, 770 




1,933 


17, 268 




1,989 


10, 487 




2,713 


4,614 




3,076 


1,760 




3,685 


4,826 


86 


3,186 


8,491 


59 


2,747 


12, 196 


470 


2,524 



164. 876 
243 350 
2,n9,911 
265, 730 
382, 407 
558, 0,54 
485, 794 
290, 009 
235, 957 
248, 437 



22, 112 
28, 356 

32, 518 

33, 439 
53, 374 
79, 174 

110.098 
55. 635 
36. 527 
31,216 



MANUFACTURING— METAL AND ITS PRODUCTS 



1926. 
1927. 
1928, 
1929 
1930 
1931 
1932 
1933 
1934 
1935 



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 


19, 856 


8,426 



16, 661, 793 
16, 256, 966 
18, 847, 896 
22. 125, 989 
12. 790. 300 
4,652,191 
1,031,353 
4, 0,59. 694 
7, 040, 389 
10, 652. S72 



1, 803, 444 

1. 501, 274 
1, 910, 004 

2. 291, 767 
1,003,020 

355, 221 
71, 098 
287, 192 
535, 147 
874, 503 



237, 077 




8.065 


« 198, 066 




8,227 


221,838 




7,479 


236, 494 




7,292 


116.149 




11,904 


40. 024 




14, 174 


9, 558 




16,191 


40, 565 


377 


13, 849 


73, 627 


788 


12,437 


120, 240 


8,202 


10, 702 



1.792.082 
2. 928, 373 

2, 326, 047 

1. 966. ,590 
4, 407. 595 
6,861.806 
5, 475, 380 
4, 0^7, 533 

3, ,588, 045 

2, 902, 219 



192.574 
241,305 
254. 975 
170. 113 
400, 375 
760, 051 
1, 054. 566 
494. 126 
278. 421 
169. 108 



For footnotes, see p. 88. 



STATISTICS OF INCOME 



87 



Table 7. — Corporations, 1926-35, by major industrial groups: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns' 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross in- 
come' 


Net in- 
come 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber* 


Gross in- 
come' 


Deficit 



MANUFACTURING— MANUFACTURING NOT ELSEWHERE CLASSIFIED 



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 


6,613 


2,144 



2, 066, 
1,761, 
1, 993, 
1,880, 
1, 152, 

ens. 

323. 

541. 

772 

1, 083! 



195, 637 
163,752 
195. 999 
188, 335 
105, 216 
,56, 661 
24, 377 
51,736 
70, 192 
108, 897 



24, 349 
20,326 
21.702 
19. 267 
11, 756 
6,201 
3.273 
7,262 
9. 653 
14, 973 



220 

184 



4,074 
3,417 
3,556 
3,477 
4,280 
5.272 
5, 696 
4,842 
3.767 
3,676 



460. 600 
467, 835 
455, 592 
585, 157 
841, 663 
796, 917 
676. 232 
480. 173 
433, 320 
352, 33S 



CONSTRUCTION 



16, 770 


10. 075 


17, r09 


10.071 


18. 770 


10. 179 


19, 947 


10, 462 


20, 035 


8,871 


19. 806 


6, 457 


19, 046 


2, 115 


18, 235 


2,140 


17, 751 


3.353 


17, 687 


4,242 



2, 287. 

2.413, 

2,317, 

2, 291, 

2, 174, 

1,213, 

468, 

374, 

574, 



162,569 
171,160 
170. 906 
178,376 
150, 548 
80, 699 

30, 691 
23, 638 

31, 694 
49, 260 



19. 146 




6, 695 


20. 078 




6.281 


17, 175 




7,117 


16,519 




7,896 


15, 210 




9,674 


7,625 




11,675 


3,639 




15, 204 


3,2'=8 


173 


14,112 


4.358 


190 


12, 588 


6,772 


710 


11,808 



528, 548 
642, 410 
661,089 
790, 254 
867, 972 
, 022, 318 
969, 246 
704, 115 
681, 905 
703, 428 



TRANSPORTATION AND OTHER PUBLIC UTILITIES 



1926 

1927. 

1928 

1929 

1930 

1931 

1932 

1933 

1934 

1935 



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 


28,437 


10, 600 



13, 518. 653 
12, 844, 090 

14, 233. 775 

15, 584, 026 
12. 935. 569 

6, 800. 951 
4, 851, 474 
4, 782, 688 
5, 895, 192 
6. 520, 071 



1,723.399 

1, 588, 880 
1,813,088 

2, 092, 654 
1.334.229 

902. 635 
708, 168 
f.57, 272 
919, 298 
927, 144 



228. 663 




9,656 


210, 878 




6,982 


211,6*1 




7,422 


222. 483 




7,994 


156,573 




9,522 


105, 585 




10, 622 


98, 118 




14, 981 


92, 258 


324 


14, 349 


126, 600 


329 


15, 571 


127, 580 


1,125 


14, 833 



1, 245, 631 

2, 295, 882 
1, 538, 135 
1. 500, 004 
3,060,013 
6, 584, 845 
6, 387, 532 
5, 820, 561 
5, 215, 038 
5, 064, 703 



TRADE 



112,705 


71,403 


122. 360 


74. 747 


129, 766 


79, 745 


132.660 


78, 60C 


134. 769 


59, 741 


136, 520 


40, 049 


135, 977 


20, 951 


137, 858 


39, 275 


146, 056 


52, 823 


149, 426 


57,813 



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 
27, 582, 955 



1, 165, 

1, 156, 

1, 246, 

1, 149, 

651, 

460, 

234, 

435, 

670, 

767, 



140, 523 
137, 352 
126, 332 
107, 149 
64, 166 
45, 708 
30. 644 
60, 438 
92, 200 
105, 495 



1,751 
2,077 
3,311 



41.302 
44, 931 
46, 602 
50, 483 
71, 746 
86, 799 
111,363 
93, 621 
88, 053 
87, 068 



7, 478, 473 

7, 430, 840 

8, 379, 620 

9, 230, 447 
13, 828, 241 
14,4S4,044 
13, 804, 005 

9, 222. 849 
10, 061, 452 
9, 946, 860 



SERVICE— PROFESSIONAL, AMUSEMENTS, HOTELS, ETC. 



32, 257 


17, 755 


34, 193 


18, 287 


36, 829 


19, 008 


39, 642 


20,230 


42, 064 


18, 741 


42, 406 


15,637 


47, 568 


7,140 


47. 843 


7,566 


50, 989 


11,194 


54, 560 


13, 358 



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 
1, 803, 935 



260, 981 
244, 464 
254, 186 
314,426 
234, 227 
117.925 
64, 392 
60, 9S2 
107. 807 
127, 448 



31,040 




14, 502 


28. 626 




12, 859 


25, 501 




14,518 


29, 632 




15, 737 


23,705 





19,472 


11,081 




22,588 


6 8, 396 




36, 142 


8,478 


239 


35,419 


14, 863 


348 


34,718 


17, 514 


729 


36, 288 



732, 272 
906, 079 
1, 043, 450 
1, 140, 089 
1, 407, 466 
1, 980, 348 
2, 181, 586 
1, 9.52, 228 
1,812,431 
1, 903, 785 



For footnotes, see p. 



88 



STATISTICS OF INCOME 



Table 7. — Corporations, 1926-35, by major industrial groups: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns^ 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross In- 
come' 


Net in- 
come 


Income 
tax 


Excess- 
profits 
tax< 


Ntim- 
ber* 


Gross In- 
come 3 


Deficit 



FINANCE— BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK 
AND BOND BROKERS, ETC. 



1926 


130, 433 
137, 425 
145,433 
150, 588 
153, 182 
152. 920 
143. 805 

142. 942 
147,277 

143. 843 


76,819 
78, 100 
80,315 
80. 2t:0 
72, 102 
59, 129 
26. 395 
22,369 
27, 257 
33, 231 


9, 3.56, 744 
10,797.010 
612,556.460 
10.872.951 
7. 519. ,508 
4 . 293, 852 
2,778.019 

2, 725. 266 
3, 036. 267 

3, 638, 747 


1, 336, 893 

1,. 522, 834 

1,971,343 

2, 197. 539 

1,061,816 

570. 502 

287. 992 

260. .569 

452.414 

603, 274 


160, 215 
181.706 
213. 238 
222. 403 
109,4.55 
55, 166 
3(), 576 
35, 848 
62. 108 
82, 928 


504 

742 

2,886 


53, 614 
44. 582 
48, 824 
53. 677 
64,477 
75, 434 
98, 725 
99.314 
98, 839 
91, 702 


2,942,936 

2,407,046 

« 2, 677, 838 

4, 786, 459 

5, 777. 697 

6, 535. 974 
5, 378, 896 
4, 695. 482 
4,868,813 
4, 864, 478 


628. 032 


1927 


566, 177 


1928 


566, 199 


1929 

1930 

1931 

1932.. 


1,008,827 
1,. 566. 677 
2, 2,56, 843 
2. 335, 500 


1933 

1934 


2,273,806 
1 6.57 190 


1935 


1, 381, 593 







NATURE OF BUSINESS NOT GIVEN 



1926. 
1927. 
1928 
1929. 
1930 
1931. 
1932 
1933. 
1934 
1935 



14,871 


840 


18, 693 


1,492 


16, ,597 


960 


17, 247 


1,1.52 


21,330 


1,040 


19,334 


1,045 


18. 158 


339 


11.511 


228 


12,458 


188 


14, 961 


163 



27, 393 

48, .540 

26,411 

21,886 

15. 197 

12. 494 

2,719 

1,899 

2,071 

1,771 



2, 604 

4,143 

3,940 

2.312 

1,786 

1,796 

1,041 

479 

908 

660 



220 




14. 031 


348 




1,731 


309 




1,350 


94 




1,748 


88 




1,898 


105 




2,228 


135 




2, 099 


67 


2 


1.262 


125 


2 


1,251 


77 


6 


1,560 



17, 572 
37, 336 
21, 639 
25.715 
17,773 
24. 3.54 
12. 403 
7, 643 
3,546 
3,720 



6,287 
9,398 
0,920 
8,703 
12 303 
18, 724 
14,813 
6,838 
6.058 
9,168 



< Changes in the revenue acts aTecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 101-105. 

' Includes returns with no income data— inactive corpora'inns. 

' Gross income corresponds to total income as reported on face of return, plus "Cost of eoods sold" and 
"Cost of operations." For 1931 and I9:t5, interest received on i..iberty honds, etc., has been deducted from 
gross income, as this i*em was not included in cross income for [irior years. 

• Theexcess-iirofits tax for 1033 became eiTertive June 30, 1933. iimler the tax provisions of the National 
Industrial Recovery Act. Underthe provisionsof the Revenue .\ctof 1934, asmall amount of e\cess-i'rofit9 
tax for 1934 and 193.5 appears on returns « ith no net income for income tax purposes. The credit for interest 
received on certain obligations of the United states and it.s instrnmenta'ities, which is allowed aeainst net 
income in the computation of the income ta\,is not allowed against net income in the computation of the 
excess-profits tax. (See article 1 (r/1. Treasury Decision 4469, "Regulations relating to excess profits tax 
Imposed by. sec. 702 of the Revenue .Act of 1934.") 

» Prior to 1927, returns with no income data— inactive corporations— were included with returns with 
no net income. 

" Revised. 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 and 
33: for revised figures for 1932. see Statistics of Income for 1933. p. 37. 

' Liquors and beverages included in "Food and Ifindred products," 1926 to 1932. 



STATISTICS OF INCOME 



89 



Table 8. — Corporations, 1926-35, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' 

[Money figures in thousands of dollars] 

(For text defining certain items and describing returns Included, see pp. 1-4] 





Total 
num- 
ber of 
returns * 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tav* 


Num- 
ber ' 


Gross 
income ' 


Deficit 



ALABAMA 



4,133 


2,618 


4,383 


2,697 


4,fi56 


2,619 


4,473 


2,310 


4,477 


1,772 


4,299 


1,380 


4, 005 


607 


3,827 


916 


3,797 


1,295 


3,725 


1,306 



547, 389 
519,012 
500. 374 
451, 089 
249, 927 
134.244 
51), 083 
175, MO 
241,750 
251, 185 



40, 662 
35,067 
31,251 
29, 089 
12, 394 
6,049 
2, 200 
8, 140 
10. 940 
11,121 



4,861 




1,515 


4,172 




1,313 


3,055 




1,608 


2, 043 




1,767 


1,048 




2,261 


412 




2,370 


247 




2,953 


1,105 


84 


2,416 


1,504 


64 


2,098 


1,530 


62 


2,065 



123, 285 
138, 880 
161,097 
176,391 
276, 462 
244, 801 
232, 078 
160.538 
181, 338 
215, 737 



ALASKA 



156 


73 


174 


94 


175 


94 


182 


109 


170 


92 


181 


71 


165 


42 


170 


61 


203 


62 


217 


80 



7,283 
7,378 
7,459 
8,618 
6,284 
4,368 
2,949 
4.214 
4,458 
7,914 



674 
678 
642 
837 
503 
333 
261 
337 
556 
836 



66 




83 


63 




48 


46 


- 


51 


46 




46 


35 




65 


18 




86 


24 




92 


46 


6 


87 


76 


6 


115 


115 


11 


113 



1,901 
1,441 
2,189 
1,857 
2,808 
3,488 
2,770 
2,762 
3,103 
3,325 



ARIZONA 



1,5 05 


619 


1,556 


668 


1,734 


706 


1,953 


822 


1,932 


629 


1,893 


506 


1,773 


217 


1,674 


240 


1,586 


389 


1,555 


466 



119, 900 
129, 187 
126, 210 
161, 623 
69, 571 
48. 834 
19, 672 
29, 778 
66,782 
85, 620 



8,813 
7,780 
9,811 
18, 992 
4,756 
2,522 
8!iS 
1, 110 
3,279 
4,401 



1,011 




886 


865 




403 


936 




430 


1,732 




510 


421 




725 


194 




807 


106 




1,026 


153 


2 


934 


451 


21 


809 


604 


38 


774 



29, 687 
30, 332 
45, 425 

36, 616 
74, 354 
56, 072 
52, 256 
42, 635 

37, 302 
41, 239 



ARKANSAS 



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 


2,534 


1,028 



302, 332 
272, 395 
308. 073 
304, 739 
146, 505 
69, 487 
40, 052 
87, 868 
133, 632 
158, 696 



18, 597 

16, 260 

17, 064 
17, 566 

6,755 
3,946 
1,901 
3,981 
6,002 
7,101 



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 


976 


47 


1,324 



91, 264 
113, 687 
107, 435 
74, 138 
160, 302 
144, 318 
116. 265 
82, 670 
82, 131 
89,846 



CALIFORNIA 



21, 258 


10,901 


22, 162 


11,098 


22, 754 


11,438 


23, 206 


11,316 


23, 836 


9,517 


23, 738 


7,465 


24. 109 


4,419 


23, 700 


5,264 


25, 106 


7,112 


25,246 


8,623 



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 

3, 584, 160 



426, 839 
447. 750 
552, 289 
512, 923 
324, 584 
190, 149 
139, 578 
156, 571 
228, 691 
265,864 



54,319 




10, 357 


56, 530 




8,494 


62, 038 




8,747 


52, 960 




9,243 


36, 114 




11, 538 


20, 714 




13, 539 


18, 703 




16, 590 


21, 644 


335 


15, 352 


31. 449 


382 


14, 675 


36, 557 


1,253 


13,500 



1, 344, 645 
1,271,408 
1. 165, 995 

1, 507, 059 

2, 333, 480 
2, 390, 597 
2, 221, 271 
1, 709, 344 
1, 714, 305 
1, 600, 398 



For footnotes, see p. ' 



90 



STATISTICS OF INCOME 



Table 8. — Corporations, 1926-35, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income * — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ^ 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income • 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber » 


Gross 
income ' 


Deficit 



COLORADO 



1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933 
1934. 
1935. 



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, 559 


6,660 


1,854 



853. 412 

745, 766 
941, 132 
738, 303 
446, 515 
284, 298 
191,260 
296, 951 
385, 308 
440, 918 



62, 872 
47, 758 
59, 932 
52. 349 
30, 943 
18, 442 
14, 283 
25, 825 
32, 985 
38, 338 



7,812 
5,647 
6,109 
5,084 
3,090 
1,786 
1.775 
3,557 
4.536 
5.271 



75 
103 
208 



3,509 
2,291 
2,313 
2,474 
2,845 
3,355 
4,564 
4,251 
3,851 
3,601 



182, 200 
292, 356 
147, 988 
200, 275 
364, 806 
366, 998 
322, 205 
233, 981 
203, 087 
204, 970 



CONNECTICUT 



1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 
1934 
1935. 



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 


9,051 


2,708 



1, 683, 

1, 785, 

1, 925, 

2, 021, 

1, 329, 

851, 

462. 

663, 

962, 

1, 226, 



124, 029 
136. 992 
177,471 
199, 914 
84,911 
58, 810 
35, 344 
50, 968 
73, 219 
90, 438 



15, 646 

16, 827 

19, 570 

20. 782 
9,170 
6,398 
4. 7.52 
7,069 

10, 073 
12, 434 



52 
42 
190 



2,509 
2.283 
2,326 
2,486 
3,742 
4, 425 
6,418 
6,101 
6,940 
5,748 



372, 503 
333, 327 
365, 863 
378, 205 
763,913 
902, 377 
90.^ 173 
754, 143 
711,228 
638, 072 



DELAWARE 



1926. 
1927. 
1928. 
1929. 
1930 
1931. 
1932 
1933 
1934. 
1935 



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 


2,888 


883 



644, 

1, 088. 

1. 330. 

1, 674, 

1,477, 

679, 

585, 

630, 

760, 

872, 



82, 896 
116,890 
189, 783 
272. 455 
125, 272 
76, 198 
40, 697 
62, 291 
93, 329 
128, 568 



10,815 

15. 548 

22, 067 

29, 423 

14, 548 

8,939 

5,573 

8,688 

12, 882 

17,677 



123 
145 
588 



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 


858, 344 


1,509 


570, 810 


1,628 


857, 074 



DISTRICT OF COLUMBIA 



1926 
1927. 
1928. 
1929 
1930 
1931 
1932 
1933 
1934 
1935. 



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 


2,780 


1,158 



596, 
548. 
555, 
567, 
472, 
283, 
174, 
216, 
305, 
375, 



987 



8,671 
7,225 
6,423 
5,460 
3,286 
2,419 
2,064 
1.948 
3.145 
3,713 



14 
49 
120 



811 

695 

822 

872 

966 

1,081 

1,590 

1,554 

1,428 

1,399 



68, 254 
90, 0S6 
102, 795 
88. 083 
121,339 
253 735 
257, 854 
211, 183 
221, 222 
230, 133 



FLORIDA 



1926. 
1927. 
1928. 
1929. 
1930. 
1931. 
1932 
1933 
1934. 
1935 
P 



10, 853 


4,702 


11,010 


3,443 


11, 283 


3, 368 


11,119 


3,489 


11,309 


3,469 


11,028 


3,064 


9,853 


1,204 


9,263 


1,541 


9,609 


2,332 


9,863 


2,651 



818, 159 
369, 737 
352, 552 
355,211 
323. 672 
229, 590 
125, 985 
186,016 
326. 861 
399, 849 



82, 638 
32.218 
27. 064 
28.114 
20, 922 
12, 806 
6,481 
8,471 
16. 4.58 
22, 106 



9,625 




6,151 


3,413 




5,323 


2.276 




5,177 


2,210 




4,778 


1,676 




4, 76C 


909 




5.073 


784 




6,611 


1,161 


48 


5,892 


2,265 


81 


5,423 


3,039 


173 


5,539 



343, 417 

372, 695 
288, 297 
284, 945 
254, 971 
263, 357 
262, 469 
207, 694 
208, 254 
227, 302 



For footnotes, see p. ' 



STATISTICS OF INCOME 



91 



Table 8. — Corporations, 1926-35, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ^ — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ' 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber' 


Gross 
income ' 


Deficit 



GEORGIA 



5,281 


3,234 


5,524 


3,416 


5,620 


3,409 


5.738 


3, 390 


5,678 


2,681 


5,567 


1,080 


5,360 


1,032 


5.556 


1. 825 


5,S00 


2,277 


5,830 


2,381 



871, 829 
869, 452 
875, 584 
806, 659 
436,314 
316,569 
178, 537 
406, 807 
565, 990 
504, 588 



61, 824 
70, 521 
64, 903 
62, 281 

25, 925 
18, 624- 
10, 767 
22. 769 
35, 126 

26, 683 



7,564 
8,320 
6,891 
6,105 
2,252 
1,664 
1,354 
3. 115 
4.830 
3,669 



84 
71 
133 



2,047 
1,839 
1,922 
2,037 
2,717 
3,308 
4,046 
3,349 
3,153 
3,044 



228, 593 

229, 623 
257, 331 
293, 278 
427, 555 
356, 912 
326, 905 
202, 500 
228, 405 
299, 471 



HAWAII 



633 


429 


686 


445 


734 


455 


784 


448 


785 


413 


669 


295 


780 


304 


768 


329 


791 


371 


798 


457 



190, 085 

205, 254 

206, 357 
213, 699 
184, 486 

46, 360 
91, 062 
155, 8C8 
176, 327 
227, 150 



25, 849 
28, 349 
33, 456 
28, 829 
22, 836 
4,552 
7,675 
I'J, 518 
16, 586 
31, 236 



3,996 
3,715 
3,883 
3,046 
2,643 
447 
1,031 
2.680 
2,281 
4,294 



56 



204 
203 
238 
291 
339 
346 
446 
413 
392 
313 



18,314 
32, 904 

41, 473 
26, 577 

42, 304 
52, 942 

105, 213 
50, 812 
40, 655 
21, 900 



IDAHO 



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 


2,269 


653 



146, 791 
118, 271 
126, 777 
135, 466 
86, 771 
56, 223 
21, 777 
42, 957 
69, 703 
84, 461 



7,707 
5,930 
6,645 
7,525 
4,943 
2, 819 
1,258 
2,046 
3,690 
6,435 



837 




1,291 


587 




564 


535 




553 


505 




593 


403 




790 


226 




1,031 


177 




1,323 


280 


9 


1,078 


502 


19 


966 


885 


22 


898 



50, 174 
53, 184 
50, 413 
50, 361 
73, 898 
65, 211 
58, 949 
47, 434 
41, 224 
47, 137 



ILLINOIS 



28, 340 


16, 986 


29, 248 


16,913 


30, 444 


17, 668 


31, 700 


17, 6^8 


32, 043 


13, 389 


32, 260 


10, 489 


32, 117 


4,816 


32, 266 


7,259 


34. 845 


9,974 


35, 331 


11,506 



14, 390, 967 
11, 953, 762 

15, 684, 946 
14, 0f4, 546 

9, 617, 188 
5, 651, 020 
3, 565. 964 
5, 337, 930 
7, 446, 960 
9, 006, 547 



901, 782 
836, 588 
1, 012, 940 
1, 103, 647 
586, 664 
203, 614 
131,959 
220, 079 
368, 385 
461, 663 



116, 559 

107, 499 

115, 222 

115, 133 

66, 135 

28, 520 

15, 713 

30, 722 

50, 791 

63, 479 



579 

799 

2,823 



11,354 

10, 052 
10, 370 

11, 339 
15, 780 
18, 920 
24, 144 
21,731 
21, 099 
20, 120 



2, 238, 434 

4, 764, 386 
I 2, 151, 365 

4,801,819 
6, 402. 522 
6, 825, 575 

5, 758, 0,58 

3, 899, 593 
3, 608, 633 
3, 546, 361 



INDIANA 



11, 080 


6,889 


11, 463 


6,821 


11,703 


6,836 


11,789 


6,881 


11, 663 


5, 289 


11, 989 


4,395 


11, 649 


1,963 


11,773 


2,797 


12, 275 


3,646 


12,515 


4,397 



1, 806, 530 

1, 582. 823 

1, 635, 492 

1,708,371 

994, 645 

696, 537 

292, 504 

571,914 

894, 540 

1, 159, 218 



129, 344 
115, 760 
122, 603 
124, 080 
71, 467 
50. 362 
23, 414 
36, 804 
60. 116 
82, 779 



15. 748 




4,191 


13, 965 




3,343 


12, 902 




3,561 


11.980 




3,705 


7,250 




5,186 


4,888 




6,236 


3,108 




8,322 


5,082 


182 


7,423 


8, 275 


210 


6,965 


11,382 


720 


6,431 



371, 233 
479, 236 
469, 320 
502, 243 
767, 555 
730, 309 
702, 416 
480,611 
507, 688 
464, 908 



For footnotes, see p. 



92 



STATISTICS OF INCOME 



Table 8. — Corporations, 1926-85, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ' 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income ' 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber* 


Gross 
income » 


Deficit 



IOWA 



8,843 


5,060 


9,050 


5,087 


8,643 


4,981 


9,116 


5,109 


9, 125 


4,558 


9,350 


3,527 


9,131 


1,377 


9,011 


1,987 


8,990 


2, 654 


8,736 


2,944 



1, 054, 994 

1, 047, 967 

1, 098. 127 

1, 089, 544 

935, 209 

548, 375 

280, 327 

415, 557 

605. 840 

733,915 



56.751 
53, 292 
6,5,510 
68, 045 
46. 489 
25, 5»9 
11, 239 
18, 543 
27, 254 
34, 631 



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, .'^03 




5.867 


2. 584 


50 


5,060 


3,768 


73 


4,409 


4,760 


212 


4,054 



218.046 
248, 748 
219, 6.'i6 
261,779 
337, 932 
408. 076 
380. 172 
253,415 
232, 770 
258, 798 



KANSAS 



5.280 


3,253 


.5, 191 


3,122 


5,228 


3, 258 


5,192 


3,278 


5,308 


2,846 


5,290 


2,111 


4,997 


1,064 


4,833 


1,175 


4,955 


1,674 


4,841 


1,832 



1, 109. 432 
879, 042 
1. 061. 843 
1, 157, 222 
710, 603 
460, 740 
288. 764 
205, 823 
493, 750 
491, 601 



131, 4.59 
99, 606 
108, 127 
134, 228 
74,321 
32, 439 
13, 308 
8, 203 

19, 990 

20, 360 



17,017 

12, 807 

12, 100 

13, 952 

8,241 

3,435 

1,819 

1, i31 

2,772 

2.811 



2,027 
1,677 
1,531 
1,517 
2,059 
2,714 
3,453 
3.131 
2,829 
2,663 



141, .5.54 
295, 469 
178, 640 
154, 393 
373, 290 
281, 443 
239, 684 
294, 673 
218, 757 
252, 944 



KENTUCKY 



5,479 


3,403 


5,718 


3,397 


5,894 


3,457 


5, 668 


3,316 


5.764 


2,767 


5,470 


2,158 


5, 193 


1,079 


5.103 


1,439 


5,299 


1,892 


5,252 


2,120 



933, 658 
938, 354 
955, 937 
921, 182 
612, 278 
267.715 
221.566 
349. 713 
576, 013 
736, 180 



77, 203 
72, 270 
75, 154 
77, 305 
38, 453 
18. 965 
1 1, 468 
23, 933 
43, 978 
46, 686 



9,612 
8,893 
8,172 
7,746 
3,982 
1,843 
1,873 
3,316 
6,047 
6, 419 



110 
100 
173 



2,076 
1,691 
1,783 
1,799 
2,364 
2, 765 
3,586 
3,141 
2, 895 
2,661 



194,012 
157, 883 
172, 661 
193, 354 
277, 027 
433, 143 
327, 561 
245, 309 
267, 830 
187, 697 



LOUISIANA 



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 


6,850 


2,325 



930, 187 
936, 032 
1, 040, 909 
885, 801 
605, 069 
419, 649 
243,716 
384, 501 
527, 452 
626, 077 



62, 497 
56, 861 
60, 221 
53, 648 
33.217 
23, 234 
14, 929 
21, 130 
31,487 
35, 823 



7, 554 




2,380 


6, 7.53 




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 


4,923 


313 


3,784 



312, 137 
316,042 
295,881 
339, 902 
515, 634 
480, 865 
399, 762 
237, 503 
262, 124 
279, 803 



MAINE 



3,443 


1,972 


3,489 


2,072 


3,644 


2,092 


3,720 


2,095 


3.789 


1,888 


3.884 


1,535 


3,771 


713 


3,771 


854 


3,897 


1,087 


3.912 


1,111 



461, 039 

484. 207 
494, 430 
487, 057 
330, 322 
210, 292 
107, 009 
153,431 
191,809 
219,382 



32, 529 
36. 574 
34.915 
35. 379 
24, 232 
13, 3.55 
7,924 
10,119 
12, 638 
13,410 



3,909 
4,327 
3,703 
3,432 
2,496 
1,304 
1,084 
1. 3.^8 
1, 743 
1,843 



1,471 


99. 758 


1,042 


108, 635 


1.133 


124, 662 


1,180 


141,410 


1.476 


265, 180 


1,806 


270, 579 


2, 614 


238, 515 


2,454 


189. 082 


2,313 


181, 155 


2,336 


178, 297 



For footnotes, see p. 99. 



STATISTICS OF INCOME 



93 



Table 8.- — Corporations, 1926-35, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income '- — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 2 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income 3 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber ' 


Gross 
income * 


Deficit 



MARYLAND 



5,621 


3,188 


5,787 


3,162 


5,970 


3,144 


6,189 


3,334 


5,922 


2,775 


5,841 


2,255 


6,156 


1,300 


6,313 


1,653 


6,740 


2,187 


6,776 


2,324 



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 
793,415 



118, 166 

104, 113 

156, 352 

165, 645 

116,375 

76, 622 

56, 117 

55, 447 

55, 948 

55, 806 



14, 934 




2,433 


13, 189 




1, 882 


17, 573 




2,067 


16, 851 




2,143 


13, 225 




2,479 


8,736 




2,932 


7,712 




4,102 


7,659 


80 


3,836 


7,581 


143 


3,735 


7,608 


201 


3,663 



211,857 
222, 922 
236, 587 
279, 430 
420, 191 
719, 472 
703, 194 
577, 569 
593, 365 
600, 357 



20, 398 
36, 988 
25, 825 
30, 010 
57, 808 
101, 813 
135, 243 
102, 824 
70, 417 
79, 132 



MASSACHUSETTS 



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 


21, 699 


7,027 



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 

3, 298, 510 



382, 932 
399, 971 
412,506 
444, 570 
249, 537 
170, 983 
106, 685 
177, 754 
177, 365 
223, 173 



48, 500 
49, 174 
45, 923 
44, 620 
27, 837 
18, 985 
14, 217 
24, 779 
24, 388 
30, 686 



451 

216 

1,124 



7,887 
7,149 
7,501 
7,980 

10, 546 

11, 948 
15, 396 
13, 720 
13, 622 
13, 321 



1, 794, 802 
1, 366, 406 
1, 849, 502 

1, 914, 633 

2, 729, 715 
2, 410, 170 
2, 231, 981 
1, 616, 687 
1, 872, 967 
1, 650, 133 



MICHIGAN 



146, 128 
136, 208 
147, 014 
190, 760 
346, 662 
337, 204 
369, 374 
226, 791 
172, 298 
164, 745 



13, 553 


8,282 


14, 120 


7,953 


14, 920 


8,655 


15, 543 


8,631 


15. 758 


6,045 


15, 287 


4, 562 


14.951 


2,063 


14, 798 


3,141 


15, 582 


4,742 


16, 166 


5,946 



847, 



672, 422 
624, 658 
735, 671 
762, 435 
389, 342 
239, 140 
54,022 
176, 627 
282, 582 
456, 526 



88, 183 




5,271 


81,971 




4,873 


85, 310 




4,840 


71, 628 




5,448 


43, 858 




8,063 


27, 123 




9,124 


7,219 




11, 247 


25,110 


184 


9,947 


38, 862 


325 


9,103 


62, 772 


6,143 


8,370 



671, 641 
1, 235, 428 
1, 325, 147 
1, 106, 247 

1, 716, 269 
2, 036. 296 

2, 224, 772 
1, 306, 356 

950. 968 
719, 647 



84, 481 
134, 299 
159,477 
119,044 
193, 928 
299, 845 
372, 480 
169, 299 
126, 068 
106, 842 



MINNESOTA 



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 


11,214 


3,683 



2. 245. 
2. 499, 
2.544, 
2, 502, 
1. 857, 
1. 063, 
652, 
995, 
1, 326, 
1, 589, 



130, 212 
117,224 
155, 637 
146, 669 
87, 556 
57, 311 
31,115 
44, 779 
59. 810 
68, 070 



16, 156 




5.095 


14. 227 




3,693 


17. 091 




3,544 


14, 697 




3,563 


9,225 




4,435 


5.991 




5,427 


4.166 




7,513 


6,284 


77 


6,855 


8.236 


151 


6,414 


9,358 


310 


5,847 



517,264 
343, 390 
418,990 
477, 318 
722, 989 
951, 175 
867, 046 
651.229 
676. 997 
608, 656 



31,056 
36, 398 
28,226 
32, 732 
60,139 
105, 601 
143, 426 
103, 034 
91, 804 
64,388 



MISSISSIPPI 



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 


2,374 


910 



253, 964 
236, 058 
257, 632 
266, 681 
143. 578 
83, 099 
25, 779 
71, 080 
119. 709 
132. 141 



13, 166 
12, 176 

12. 700 

13. 737 
5,999 
3,485 
1,128 
2.856 
4,670 
6,015 



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 


827 


42 


1,299 



67,587 


7,405 


77.817 


7,861 


80.317 


6,779 


96. 251 


7,728 


136. 535 


14, 365 


111,822 


15, 105 


106. 816 


16, 048 


77. 530 


10, 731 


81. 179 


8.811 


88, 206 


7.802 



For footnotes, see p. 99. 
78019—38 7 



94 



STATISTICS OF INCOME 



Table 8. — Corporations, 1926-35, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' — -Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ' 


Returns with net income 


Returns witii no net income 


Year 


Num- 
ber 


Gross Net 
income ' income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber i 


Gross 
income ' 


Deficit 



MISSOURI 



1926 . 


16. 145 
16. 370 
16, 751 
17, 223 
17, 106 
16, 767 
16, 373 
15,594 
15, 835 
15, 906 


9,160 
9,017 
9,137 
9,146 
7,411 
5,723 
3,140 
4,014 
4.879 
5,305 


1927 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


1935 





3, 783, 126 
3, 441, 649 
3, 724, 876 
3, 796, 258 
2, 574, 540 
1, 462. 835 
986, 399 
1, 478, 323 
2, 018, 558 
2, 084, 450 



267, 510 
239, 671 
2.56, 781 
262, 695 
162, 446 
101,315 
78, 524 
100, 036 
142, 891 
134. 044 



33, 948 




6,985 


30. 281 




5,627 


27. 953 




5,711 


26, 786 




6.068 


17, 748 




7.691 


10, 872 




9,107 


10, 554 




11,243 


13.796 


186 


9,769 


19, 661 


256 


9,151 


IS, 431 


402 


8,768 



704, 211 

970, 500 

766, 051 

862, 061 

1, 275, 416 

1, 573. 324 

1, 365, 961 

976,015 

939, 236 

1, 134, 084 



MONTANA 



NEBRASKA 



51,022 
66, 960 
60, 573 
65, 538 
103, 086 
185, 867 
184, 323 
151, 477 
132, 843 
126, 280 



1926 

1927 


3,866 
4, 020 
3,708 
3,585 
3,350 
3, 201 
3,044 
2, 933 
2,967 
2,978 


1, 6S6 

1,837 

1,933 

1, 822 

1,419 

1,099 

529 

630 

937 

1,053 


162,015 
194, 574 
213, 196 
190, 321 
116.180 
78. 928 
33. 989 
50. 459 
116.143 
159, 290 


13,9.37 
13.312 
14. 643 
11.942 
5,582 
3,286 
1,048 
2,036 
5, 520 
8.622 


1.520 

1,361 

1,249 

941 

379 

251 

121 

279 

759 

1,186 


7 
28 
54 


2,180 
983 
960 
1,070 
1.454 
1,729 
2,153 
1,938 
1,647 
1,524 


63,611 
48,014 
46, 5.58 
47, 886 
72, 374 
68, 003 
71, 612 
59, 639 
46, 340 
50,810 


6,643 
9,343 


1928 


5, 483 


1929... 


6,770 


1930„ 


10, 629 


1931. 

1932 _ 


17, 489 
11, 790 


1933 

1934.. 


7, 595 
8,047 


1935 


6, 632 



1926 

1927 

1928 


4,594 
4,716 
4.836 
4. 725 
4,786 
4, 860 
4,694 
4,473 
4,611 
4,494 


2,815 
2,958 
3, 060 
2,969 
2. 708 
2.071 
958 
1.180 
1,379 
1,613 


1929 


1930 


1931.... 


1932 . 


1933 

1934. 


1935. 



607, 508 
667, 777 
653. 414 
646. 677 
515. 094 
303. 124 
133.907 
216. 265 
342. 666 
334. 669 



27, 498 
26, 750 
30. 624 
30. 079 
21.996 
12. 648 
7.138 
9.813 
19. 905 
15.994 



3, 122 




1,779 


2,982 




1,296 


2.882 




1,251 


2.662 




1,352 


2.043 




1,705 


1,087 




2,355 


948 




3,308 


1. 360 


18 


2,844 


2. 737 


54 


2, 784 


2,198 


71 


2,459 



127, 779 
120, 555 
153, 126 
137, 689 
180, 543 
204, 894 
236, 421 
168, 021 
136, 803 
152, 093 



10, 178 
9,462 
10, 356 
17, 306 
15, 628 
21, 106 
27, 803 
21, 783 
17, 823 
12, 950 



NEVADA 



1926 

1927 . 


969 

874 

1, 026 

1,033 

1,022 

997 

938 

888 

9.56 

968 


326 
314 
353 
351 
309 
301 
108 
106 
195 
227 


67. 879 
108. 219 
150,590 
252, 796 
241956 
358, 248 
254, 427 
246,211 
133. 357 
176, 435 


2.881 
4. 109 
6. 963 
9.771 

5, 547 
6, 840 

6, 462 
6,727 
3, 403 
3, 213 


316 

487 
736 
971 
595 
754 
896 
9.53 
468 
442 


13 

18 
17 


643 
253 

281 
315 
4C1 
410 
542 
502 
493 
474 


12, 557 
11,550 
10, 008 
11,935 
24,508 
19, 490 
26, 225 
26, 832 
33, 599 
24, 710 


3,077 
3, 412 


1928—. 

1929 

1930 


4, 602 
4,330 
5, 845 


1931 . 


4,777 


1932- 


6, 021 


1933.. 


15, 992 


1934. 

1935. 


4, 6.56 
2,039 







NEW HAMPSHIRE 



1926..-. 

1927.. 


1,183 
1, 227 
1,322 
1,349 
1,396 
1, 345 
1, 333 
1,412 
1,472 
1, 464 


715 
7.54 
767 
803 
707 
587 
329 
400 
509 
523 


147. 800 
149,966 
1,53, 633 
152,699 
112,734 
73, 756 
47, 479 
75, 778 
10.5, 102 
112. 329 


9.293 
11.148 
11,398 
11,948 

7, 455 

4. 166 
2, 151 

5, 005 
7, 760 
7,074 


1,065 

1,240 

1,168 

1.117 

720 

362 

277 

689 

1.066 

973 


13 

8 
28 


468 
399 
466 
477 
621 
687 
934 
943 
865 
879 


81. 240 
48, 475 
80, 241 
59, 075 
94, 389 
80, 675 
72, 788 
67, 653 
73, 149 
70, 422 


8,052 
6,099 


1928 


11,104 


1929 


4,782 


1930 


11,647 


1931 


8, 733 


1932 


10, 577 


1933 


7,488 


1934 .. 


6,141 


1935 


5, 246 







For footnotes, see p. 



STATISTICS OF INCOME 



95 



Table 8. — Corporations, 1926-35, by Slates and Territories: number of returns^ 
gross income, net income or deficit, income lax, and excess-profits lax, for returns 
with net income and with no net income ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns ' 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income » 


Net 
income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber 6 


Gross 
income ^ 


Deficit 



NEW JERSEY 



17, 480 


10,413 


19, 143 


10, 783 


20, 509 


11,310 


21, 885 


11,646 


22, 489 


9. 945 


22, 967 


8,449 


23, 278 


3,128 


23, 902 


3, 599 


25, 383 


4,747 


26, 354 


6,670 



4, 105, 
4, 393, 
3, 607, 
3, 748, 
2, 484, 
1, 745, 
996, 
1, 236, 
1, 785, 
2,011, 



342, 090 
349, 484 
376, 247 
444, 895 
224, 871 
157, 129 
106, 566 
125, 456 
167, 161 
180, 725 



42, 830 
43, 337 
41, 171 
45, 680 
24, 075 
16, 813 
14, 037 
17, 395 
23, 036 
24, 868 



154 
135 
374 



701, 615 

808, 805 

782, 4S7 

955, 695 

1, 405, 281 

1, 794, 189 

1, 776, 135 

1, 551, 898 

1, 393, 616 

1, 504, 629 



NEW MEXICO 



1,108 


471 


1,019 


495 


1,103 


541 


1, 126 


558 


1,136 


491 


1, 172 


375 


1,197 


188 


1,132 


241 


1,181 


347 


1,133 


387 



57, 108 
61, 856 
70, 297 
66, 999 
49, 579 
29, 711 
12, 157 
24, 325 
41,407 
46, 644 



3,708 
3,998 
4,621 
4,320 
2,455 
1,247 
412 
1,117 
2,059 
2,151 



395 




637 


418 




283 


415 




282 


354 




300 


179 




430 


68 




558 


47 




738 


154 


6 


656 


283 


14 


596 


296 


17 


532 



15, 787 

16, 840 
17,357 

17, 762 
27, 216 
29, 180 
32, 497 
20,541 
20, 127 
19,112 



NEW YORK 



89, 617 


51,424 


96, 949 


53, 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 


120,619 


27, 180 



29, 722, 073 
31, 285, 699 
34, 937, 638 
36, 812, 023 
' 27.482, 351 
15,113,394 
9, 660. 469 
13,241,667 
16, 088, 093 
19, 634, 755 



2, 770, 885 

2, 545, 507 

3, 248, 916 
3, 646, 922 
2,091,540 
1, 216, 637 

700, 156 

831, 980 

1, 191, 532 

1, 447, 030 



356, 409 




38, 193 


324, 573 




36, 108 


367, 733 




40, 062 


383,110 




43, 865 


238, 010 




54, 627 


135, 402 




62, 639 


94, 739 




85, 234 


116,743 


1,578 


81,811 


164, 073 


1. 720 


83, 689 


199,007 


3,881 


82, 871 



6, 084, 458 

7, 054, 365 

6, 116, 345 

7, 901, 545 

12, Oil, 326 

16, 194. 996 

14, 191, 558 

10,681,022 

11, 552. 650 

10,925,741 



NORTH CAROLINA 



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 


2,576 


6,019 


2,780 



1, 212, 

1, 310, 

1, 225, 

1, 149, 

732, 

673, 

464, 

690, 

819, 

941, 



102, 879 
114,607 
96, 562 
104, 314 
73, 172 
71, 193 
62, 687 
54, 459 
65, 566 
70, 243 



13,017 




2,764 


14, 147 




2,308 


10, 770 




2,687 


10, 863 




3,011 


8,334 




3,732 


8, 148 




3, 803 


8,565 




4,241 


7, 482 


154 


3,2(j6 


9,015 


110 


2, 920 


9,657 


159 


2,874 



NORTH DAKOTA 



252, 4S8 
190, 775 
261,057 
298, 035 
471, 227 
381, 167 
345, 791 
215, 406 
272, 761 
306, 982 



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 


2,752 


726 



131, 654 
160, 229 
160, 651 
121, 487 
88,446 
44, 313 
26, 754 
47, 845 

66, 952 

67, 840 



6,574 
5,412 
5, 688 
4,538 
2, 721 
1,651 
827 
1, 267 
2,083 
2,236 



422 




1,893 


399 




943 


.321 




972 


251 




1,085 


133 




1,458 


94 




1,735 


102 




1,910 


174 


4 


1, 5b5 


2rtii 


12 


1,454 


308 


24 


1,463 



49, 804 
35, 829 
44, 525 
44, 399 
59, 910 
53, 623 
52, 553 
38, 306 
34, 305 
41,558 



For footnotes, see p. 



96 



STATISTICS OF INCOME 



Table 8. — Corporations, 1926-36, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 2 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income > 


Net 
income 


Income 
tax 


Excess- 
profits 
tax * 


Num- 
ber' 


Gross 
income ' 


Deficit 



OHIO 



23, 475 


14.266 


24, 30n 


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 


26,664 


9,963 



7,211,098 
6,673,416 
7, 557, 768 
7, 879, 661 
4,901,729 
2,910,398 

1, 746, 586 

2, 559, 005 
3,812,172 
4,991,567 



.'^30.119 
505, 740 
589, 966 
687, 231 
301,339 
170, 378 
114,481 
175,811 
259, 674 
324, 748 



66,541 

63, 487 

64, 776 
71,393 
.33,041 
18, 223 
15, 124 
24, 323 
35, 804 
44, 650 



428 

525 

1,518 



9,209 
8,90! 
8,942 
9,515 
13, 365 

15, 457 
19,399 
17,287 

16, 067 
14,973 



1, 469, 7,59 

1, 741, 695 
1,339,516 
1,705,020 

2, 704, 950 

3, 071, 048 
2, 727, 030 
2.200,416 
2, 179, 222 
1,842,111 



OKLAHOMA 



5,835 


3,299 


6,132 


3,271 


6,456 


3,512 


6,671 


3,649 


6,944 


2,948 


6, 558 


1,717 


6,092 


1,030 


5,975 


1,396 


6,060 


1,834 


6,073 


2,063 



915, 
804, 
975, 
1,047, 
519, 
205, 
166, 
254, 
474, 
745, 



84, 301 
56, 608 
79, 233 
105, 607 
71,297 
20.911 
20, 218 
27, 059 
49, 076 
61,861 



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 


125 


3,892 


6,747 


139 


3, 563 


8,506 


330 


3, 375 



402, 181 
366, 858 
293, 740 
336, 547 
702, 725 
591,717 
500, 309 
492, 528 
641, 305 
500, 882 



OREGON 



6, 144 


3.003 


6,350 


3,028 


6,673 


3,131 


6, 863 


3,105 


7,012 


2,590 


6,880 


1,910 


6,446 


779 


6,247 


1,058 


6,093 


1.427 


5,813 


1,702 



503, 
4S6, 
512, 
579. 
430. 
220, 
83, 
177, 
242, 
327! 



26, 867 
23, 694 

29, 385 

30, 027 
17,010 

8.936 
3, 055 
5, 448 
9,235 
13, 830 



995 




3,141 


494 




2.172 


737 




2,232 


601 




2,345 


517 




2,979 


768 




3,467 


371 




4,336 


757 


17 


3,861 


269 


24 


3,481 


9U1 


95 


3,208 



197, 205 
210, 568 

204, 219 
206, 520 
287, 066 
311,467 
280, 190 

205, 485 
226, 652 
212, 128 



PENNSYLVANIA 



24, 173 


13, 820 


24, 883 


13, 193 


2,5, 558 


13, 370 


26, 357 


13, 880 


26, 577 


11,254 


26, 448 


8,452 


26,800 


4, 546 


26, 665 


6,107 


28, 646 


8,104 


28,284 


8,949 



10,1,57,118 
9, 986, 472 
117 
235 
032 
380 
'86 
214 
117 
903 



209, 

843,; 

562, 

227 

072. 

028,: 

322,; 

971, 



941,819 
806, 494 
90.5.715 
1.060.023 
565, 536 
249, 231 
164, 050 
225, 937 
330, 524 
349, 627 



122,361 
104, 135 
104, 000 
112,113 
64, 380 
27, 371 
21.983 
31, 554 
45, 409 
48, 072 



566 

481 

1, 159 



10, 353 
9,330 
9, 665 
9,795 
12, 549 
15, 183 
19, 143 
17,462 
17, 2.55 
16,416 



1, 730, 696 

2, 284, 379 

2, 151, 155 
1, 909, 570 

3, 235, 599 
5, 010, 370 
4,092,190 
3, 259, 577 
3, 570, 752 
3, 519, 121 



RHODE ISLAND 



2,566 


1,368 


2, 688 


1, 536 


2,871 


1, 628 


2,964 


1, 6.50 


3,0()8 


1,370 


3,127 


1,217 


3,134 


562 


3,272 


846 


3,504 


947 


3,577 


1,071 



616, 
735. 
691. 
683, 
380, 
265, 
127, 
314, 
293, 
411, 



43. 396 
49, 046 
51,732 
54, 487 
23, 345 
18, 184 
9,290 
22, 401 
20, 307 
25, 398 



5, 477 
5. 791 
5, 585 
5.504 
2,677 
1,887 
1, 147 
.3, 093 
2,792 
3,492 



1,198 


252, 858 


947 


160, 030 


1.000 


187, 610 


1, 067 


231,893 


1, 450 


370, 685 


1, 655 


373, 103 


2. 327 


347, 445 


2,143 


217,060 


2,249 


312, 195 


2,197 


270, 891 



For footnotes, see p. 



STATISTICS OF INCOME 



97 



Table 8.- — Corporations, 1926-35 , by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' — Continued 

[Money figures in thousands of dollars] 





Total 

num- 
ber of 
returns 2 


Returns with net income 


Returns witli no net income 


Year 


Num- 
ber 


Gross 
income 3 


Net 
income 


Income 
tax 


Excess- 
profits 
tax< 


Num- 
ber ' 


Gross 

income s 


Deficit 



SOUTH CAROLINA 



3,822 


1,768 


3,713 


1,768 


3,817 


1,710 


3,759 


1,597 


3,626 


1, 229 


3,610 


980 


3,404 


511 


3,245 


1,078 


3,322 


1,334 


3,447 


1,394 



341, 241 
404, 553 
328, 582 
299, 809 
147,121 
114,668 
82, 521 
224, 948 
263, 916 
275, 669 



15, 325 

24, 791 

17, 816 

16, 161 

6,281 

6,084 

3,448 

15,727 

14, 109 

11,774 



1,693 

2,694 

1,804 

1,464 

525 

539 

433 

2,130 

1,940 

1,619 



2,054 
1,548 
1,709 
1,775 
2,031 
2,244 
2,511 
1,871 
1,704 
1,794 



168, 970 
106, 947 
156,705 
194, 994 
224, 452 
196, 589 
153, 147 
91,936 
111,456 
134, 764 



SOUTH DAKOTA 



2,872 


1,354 


3,008 


1,665 


2,954 


1,712 


3,071 


1,685 


3,127 


1,514 


3,132 


1,093 


3,023 


473 


2, 876 


509 


2,811 


692 


2,699 


755 



87, 879 

151, 272 

154,811 

140, 322 

107, 590 

55, 099 

26, 226 

36, 871 

56, 905 

74, 962 



3,437 
5,230 
6,230 
6,296 
4,846 
2,241 
699 
1,004 
1,735 
2,206 



257 
387 
394 
395 
294 
118 
84 
137 
239 
303 



1,518 

704 

677 

816 

998 

1,361 

1,900 

1,734 

1,543 

1,421 



42, 861 
28, 127 
30, 633 
49, 669 
55, 074 
60, 017 
58, 561 
42, 343 
40, 813 
38, 937 



TENNESSEE 



4,955 


3,047 


5,039 


3,054 


6,213 


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 


5,359 


2,128 



1, 005, 290 
1, 039, 656 
962, 458 
902, 047 
570. 822 
362, 762 
221,451 
414, 280 
527, 991 
618, 005 



66, 926 
61, 403 
65, 893 
59, 533 
33, 117 
22, 969 
12,997 
24, 473 
28, 511 
33, 141 



8,177 
7,405 
7,039 
5.744 
3, 364 
2,274 
1,700 
3,371 
3,920 
4,557 



96 
92 
175 



1,908 
1,577 
1,747 
1,852 
2,483 
3,007 
3,678 
3,179 
2,858 
2,814 



285, 705 
256, 920 
268, 428 
307, 351 
420, 751 
389, 176 
358, 843 
223, 299 
233,119 
227, 056 



TEXAS 



11, 970 


1 
7,253 


12, 930 


7,524 


14, 238 


8,293 


14, 552 


8,156 


15,431 


6.660 


15, 225 


5,216 


15, 154 


2,982 


15, 168 


4,198 


15, 582 


5,343 


15, 675 


5,772 



2, 728, 745 
2, 315, 682 
2, 452, 987 
2, 420, 433 
1, 593, 901 
816, 758 
730, 901 
1. 0,57, 647 
1, 389, 776 
1, 920, 227 



199, 525 
142, .338 
173, 980 
189, 132 
97. 054 
45. 981 
40, 858 
57, 596 
92, 504 
103, 850 



24, 863 
17, 051 
18,441 
18. 193 
9,739 
4,311 
4,713 
7,968 
12, 721 
14. 301 



366 
340 
549 



4,717 


473, 996 


4,353 


567, 896 


4,761 


786, 169 


5,243 


685, 770 


7,362 


934, 254 


8,582 


1, 098, 435 


0, 653 


812, 817 


9,296 


578, 827 


8,649 


868, 403 


8,373 


719, 347 



UTAH 



3,083 


1 
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 


2,842 


901 



264. 983 
279, 069 
290. 146 
288, 739 
199, 849 
100, 564 
29, 847 
98, 744 
151.093 
173. 666 



18. 566 

17, 179 

20, 363 

19, 933 

11,323 

5,056 

1,573 

5,387 

7,606 

9,358 



2,183 

1,952 

2,004 

1,814 

1.055 

426 

206 

741 

1,043 

1,287 



1,546 

913 

932 

888 

1,173 

1,516 

1,909 

1,688 

1,550 

1,451 



99, 779 

79, 433 
79, 898 
83, 235 

121, 243 
139, 229 
140, 058 
90, 107 

80, 449 
79, 437 



For footnotes, see p. 



98 



STATISTICS OF INCOME 



Table S,.— Corporations, 1926-S5, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns > 


Returns with net income 


Returns with no net income 


Year 


Xum- 
ber 


Gross 
income 3 


Net 
income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber « 


Gross 
income ' 


Deficit 



VERMOxVT 



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 


1,241 


413 



145. 
153, 
156, 
142, 
99, 
51, 
25, 
44, 
65, 
81, 



10. 429 
9,927 
10,314 
10, 255 
5,287 
1,933 
1,210 
2,273 
4.005 
4,787 



1,230 
], 164 
1,038 
963 
491 
155 
158 
308 
551 
658 





397 




348 




342 




357 




492 




693 




899 


5 


826 


6 


767 


19 


757 



45, 470 
42, 861 
42, 212 
5,5, 113 

52, 244 
72, 214 
71,086 
48, 924 
49, 680 

53, 377 



VIRGINIA 



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 


6,876 


2,742 



1, 112, 

1,013, 

1, 024, 

1,016, 

847, 

631, 

?78, 

502, 

641, 

697, 



135, 859 
123, 648 
118,505 
132, 956 
110,675 
76, 746 
36, 692 
43, 882 
54, 682 
56, 778 



17,284 




2,563 


15, 770 




2,137 


13, 166 




2,337 


13, 794 




2,613 


12,519 




3,185 


8, 662 




3, 661 


4,972 




4,765 


6,060 


113 


4,211 


7,519 


99 


3,794 


7,807 


156 


3,639 



202, 865 
267, 002 
245, 296 
294, 173 
370, 505 
375, 118 
360, 176 
266, 697 
230, 031 
247, 877 



WASHINGTON 



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 


U, 556 


3.141 



1, 024, 089 

1, 056, 761 

1, 239, 108 

1, 153, 890 

671, 962 

357, 660 

166, 579 

293,411 

510, 734 

639, 526 



63,301 
62,700 
75, 391 
76, 230 
31.492 
17, 608 
7,744 
12,805 
25, 764 
32, 449 



7,286 
7,222 
7,419 
6,986 
2,686 
1,397 
954 
1,768 
3, 537 
4,462 



55 
100 
196 



5,443 
3,748 
3,799 
4,058 
5,306 
6,388 
8.150 
7.206 
6,483 
6,196 



365, 543 
348, 219 
288, 353 
397, 561 
602, 964 
592, 111 
499, 153 
401, 664 
339,317 
313, 667 



WEST VIRGINIA 



5,142 


3,000 


5,239 


2,928 


6,145 


2,773 


5,173 


2,873 


5,101 


2,477 


4,953 


1,900 


4,807 


962 


4,554 


1,290 


4,662 


1,726 


4,543 


1,870 



814, 966 
702, 212 
656, 932 
700, 698 
447, 840 
228, 123 
119,373 
22,3,741 
430, 706 
510,002 



76, 152 
57, 024 
51, 923 
59, 047 
27, 487 
16.445 
7,915 
17, 919 
29, 008 
34, 388 



9,415 
6,996 
.5, 445 
5, 757 
2,647 
1,586 
1,039 
2, 465 
3,987 
4,728 



32 
52 
135 



2,142 
1,825 
1,910 
1,843 
2,108 
2,508 
3,344 
2,831 
2, 525 
2,328 



151,149 
173, 152 
170, 774 
162, 244 
203, 753 
277, 974 
258, 395 
205, 260 
187, 118 
152, 547 



WISCONSIN 



13, 827 


8, 253 


14, 4,56 


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 


16, 916 


6,087 



2, 268, 270 

2, 232, 947 

2,347,121 

2, 377, 121 

1,589,177 

859, 406 

391, 493 

718, 626 

1, 025, 696 

1, 273, 028 



187, 044 
185,418 
184, 569 
198, 398 
103, 140 
50, 205 
19, 848 
37, 548 
61,209 
62, 182 



23, 193 

23, 118 

20, 122 

19, 928 

10, 921 

5, 100 

6 2, 602 

5,201 

7,042 

8,552 



155 
154 
294 



5,574 


392,410 


4.172 


437, 508 


4,681 


408, 788 


5,079 


449, 131 


7,234 


730, 197 


9,067 


904, 477 


11, 176 


829, 237 


10, 147 


531, 140 


9,177 


614, 934 


8,600 


616, 960 



For footnotes, see p. 



STATISTICS OF INCOME 



99 



Table 8. — Corporations, 1926-35, by States and Territories: number of returns, 
gross income, net income or deficit, income tax, and excess-profits tax, for returns 
with net income and with no net income ' — Continued 

[Money figures in thousands of dollars] 





Total 
num- 
ber of 
returns 2 


Returns with net income 


Returns with no net income 


Year 


Num- 
ber 


Gross 
income » 


Net 
income 


Income 
tax 


Excess- 
profits 
tax* 


Num- 
ber' 


Gross 
income 3 


Deficit 



WYOMING 



1926. 
1927. 
1928 
1929. 
1930. 
1931. 
1932 
1933 
1934. 
1935. 



1,418 


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 


1,297 


443 



60, 932 
57, 921 
69, 951 
60, 881 
47, 049 
27, 804 
9,859 
14, 800 
29, 056 
37, 844 



5, 233 
4,920 
5,737 
3.976 
3,0G6 
1,701 
528 
590 
1,413 
1,922 



534 




642 


492 




413 


457 




364 


262 




450 


203 




492 


91 




634 


59 




1, 039 


79 


1 


879 


194 


6 


787 


264 


13 


715 



19, 766 
22, 990 
16, 529 
20, 787 
22, 214 
23. 814 
35,317 
25, 870 
24, 769 
23, 007 



3,569 
3,856 
2, 673 
3,691 
3,991 
4,874 
6,350 
4,715 
5,105 
1,794 



' Changes in the revenue acts affecting the comparability of statistical data from income tax returns of 
corporations are summarized on pp. 101-105. 

2 Includes returns showing no incomo data^nactive corporations. 

' Gross income corresponds to total income as reported on face of return, plus "cost of goods sold" and 
"cost of operations." For 1934 and 1935 interest on Liberty bonds, etc., has been deducted from gross in- 
come, as this item was not included in gross income for 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 and 1935 appears on returns with no net income for income-tax purposes. 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, is not allowed against net income in the com- 
putation of the excess-profits t.ix. (See article 1 (d), Treasui-y Decision 4409, "Regulations relating to excess 
profits tax imposed by section 702 of the Revenue Act of 1934.") 

' Prior to 1927, returns showing no income data — inactive corporations— were included with returns 
showing no net ncome. 

« For revised figures for 1928, see Statistics of Income for 1930, p. 238; for revised figures for 1930, see Statis- 
tics of Income for 1931, pp. 32 and 33; for revised figures for 1932, see Statistics of Income for 1933, p. 37. 



REVENUE ACTS OF 1913-1934 

AND CERTAIN TAX PROVISIONS OF THE 

NATIONAL INDUSTRIAL RECOVERY ACT (1933) 

ALSO THE SPECIAL EXCISE TAX UNDER 

THE ACT OF AUGUST 5, 1909 



A SYNOPSIS OF CORPORATION INCOME 

AND PROFITS TAX RATES AND CREDITS AFFECTING 

THE COMPARABILITY OF DATA IN 

"STATISTICS OF INCOME" 



101 



102 



STATISTICS OF INCOME 



Corporation income and profits tax rates and credits, under'the Revenue Acts 

RecoverylAct {1933), also the special 



Kevenue Act 



Income year 



Income tax 



Specific 
credit 2 



Taxable income * ' 



Rate 
(percent) 



1909 (excise tax) (Aug. 

5, 1909). 
1913 (Oct. 3, 1913).. 



1916 (Sept. 8, 1916). 



1909 through Feb. 

28, 1913. 
Mar. 1, 1913, 

through Dec. 

31, 1915. 
1916 



$5,000 



1916 as amended and 
1917 (Oct. 3, 1917). 



1917. 



1918 (Feb. 24, 1919). 



1918. 



1919, 1920. 



1921 (Nov. 23, 1921) 

1924 (June 2, 1924).. 
1926 (Feb. 26, 1926) 

1928 (May 29, 1928).... 

1932 (June 6, 1932) 

National Industrial Re- 
covery Act (June 16, 
1933)." 
1934 (May 10, 1934).... 



1921 

1922, 1923. 

1924 

1925 

1926, 1927. 

1928 

1929 

1930 

1931 

1932, 1933. 
1933 



2,000 



2,000 



2,000 
2,000 
2,000 
2,000 
2,000 
3,000 
3,000 
3,000 
3,000 



1934, 1935. 



Net income in excess of specific credit- 
All net income... 



.do. 



Dividends out of earnings Mar. 1, 1913 
through Dec. 31, 1915. 

Net income in excess of the sum of (1) 
excess-profits tax for the current year, 
and (2) dividends received out of 
earnings Mar. 1, 1913, through Dec. 
31, 1915. 

Net income in excess of the sum of (1) 
excess-profits tax for the current year, 
and (2) dividends received out of 
earnings Mar. 1, 1913, through Dec. 
31, 1917. 



Net income in excess of the sum of (1) 
the specific credit, (2) excess-profits 
and war-profits taxes for current 
year, and (3) interest received on 
United States obligations issued after 
Sept. 1, 1917. 



Net income in excess of the sum of (1) 
the specific credit, (2) excess-profits 
tax for current year, (3) excess-profits 
and war-profits taxes on income from 
Government contracts, (4) interest 
received on United States obliga- 
tions issued after Sept. 1, 1917, and 
(5) War Finance Corporation bonds 
not exempt. 

do 

Net income in excess of specific credit ». 

do. 



.do. 
.do_ 
.do. 
.do. 
.do. 
.do. 



All net income ". 



.do. 11. 



1 All corporations are required to file returns regardless of amount of net income or loss, except those 
exempted by specific provisions of the Law. Under the Revenue Act of 1909, corporations were required to 
file returns on a calendar year basis; under subsequent revenue acts corporations were permitted to file 
returns on a fiscal year basis, other than that ending Dec. 31, except that under the Act of 1921 and subse- 
quent acts life insurance companies are required to file on a calendar year basis in accordance with the 
State laws regulating insurance companies. Foreign corporations are required to file income tax returns 
for all income from sources within the United States, regardless of amount. From Jan. 1, 1918 through 
Dec. 31, 1921, personal service corporations were treated as partnerships. Prior and subsequent to said dates 
such corporations were taxed as other corporations. For 1934 and subsequent years, personal holding com- 
panies (as defined in sec. 351 (b). Revenue Act of 1934) are required to file returns for surtax, in addition to 
the corporation returns for income and excess profits tax. (For rates, see following page.) 

2 Specific credit allowable to domestic corporations with net income of $25,000 or less, 1921 through 1931,, 
except domestic corporations deriving a large portion of their gross income from sources within a possession 
of the United States, 1928 and subsequent years; not allowable to foreign corporations, 1918 and subsequent 
years. 

For footnotes 3-19, see pp. 104-105. 



STATISTICS OF INCOME 



103 



of 1913 through 1934 ' and certain tax provisions of the National Industrial 
excise tax under the Act of August 5, 1909 



Excess-profits tax » 




Tax credit for income and 








profits taxes paid to 








foreign countries or 


Credit 


Taxable income < ' 


Rate 

(percent) 


United States posses- 
sions 








For 1917 and prior years, 








income and profits tax- 




Net income equal to 15 per 


20 


es paid to foreign coun- 


$3,000 « plus: An amount equal to the 


cent of invested capital 




tries or United States 


same percentage of invested capital ' 


less credit. 




possessions were not 


for the taxable year as the average 


Net income in excess of 15 


25 


allowed as tax credit. 


annual pre-war income was of pre- 


percent but not in excess 




> but were included in 


war invested capital (not less than 


of 20 percent of invested 




general deductions 


7 percent nor more than 9 percent); 


capital. 




from gross income, ex- 


or if corporation was not in existence 


Net income in excess of 20 


35 


cept that taxes paid to 




percent but not in ex- 




foreign countries were 


pre-war period, 8 percent of invested 


] cess of 25 percent of in- 




not allowed to foreiga 


capital for taxable year; or if during 


vested capital. 




corporations. 


pre-war period, corporation had 


Net income in excess of 25 


45 




either no net income or a very small 


percent but not in ex- 






net income or if invested capital can 


cess of 33 percent of in- 






not be determined, same percent as 


vested capital. 






that of representative corporations. 


Net income in excess of 33 


60 




I (See sec. 210, Revenue Act of 1917.) 


percent of invested cap- 
ital. 






$3,000 « plus 8 percent of the invested 


Net income equal to 20 per- 


30 


Amount paid or accrued.' 


capital ' for the taxable year.' 


cent of invested capital 
less credit. 








Net income in excess of 20 


65 






percent of invested cap- 








ital. 






do 


Net income equal to 20 per- 


20 


Do.» 




cent of invested capital 








less credit. 








Net income in excess of 20 


40 






percent of invested cap- 








ital. 






do.» 


do 




Do.i« 








Do." 








Do. 








Do. 








Do. 








Do. 








Do. 








Do. 








Do. 








Do.i« 


fl2H percent of adjusted declared 
1 value of capital stock. 


Net income in excess of 


} » 




credit. 




do 


do." 


6 


Amount paid or accrued.'* 









Surtax rates for personal holding companies 



Revenue Act 



Income year 



Taxable income: Undistributed adjusted net Rate 1 
income (percent) 



1934 1934, 1935. 



Less than or equaling $100,000 

Exceeding.... 100,000 



t 30 
40 



104 



STATISTICS OF IjSTCOME 



Corporation income and profits tax rates and credits, under the Revenue Acts 

Recovery Act {1933), also the special excise 





Income 
year 


War-proflts tax 3 


Revenue Act 


Credit 


Taxable 
income 


Rate 
(percent) 


1918 (Feb. 24, 1919)..,. 


1918 


$3,000 « plus either an amount equal to 
the average pre-war net income plus 
or minus 10 percent of the Increase or 
decrease of invested capital ' for the 
taxable year as compared with aver- 
age pre-war invested capital, or 10 
percent of the invested capital for 
the taxable year, whichever is 
greater. 19 


Net income 
in excess 
of war- 
profits 
credits. 


80 (less 
amount 
f e X- 
c e s s - 
profits 
tax). 



For footnote 1, see p. 102. 

3 For the years 1918 through 1921, the war-profits and excess-profits tax of foreign corporations, and for 
1921 the war-profits and excess-profits tax of corporations deriving a large portion of their gross income from 
sources within a possession of the United States, is computed by comparison with representative corpora- 
tions whose invested capital can be satisfactorily determined and which are engaged in a like or similar 
trade or business and similarly circumstanced. (See sec. 328, Revenue Acts of 1918 and 1921.) (See note 7.) 

< For the years 1917 through 1921, the amount of excess-profits tax (and for 1918 through 1921, the war-profits 
tax) was allowed as a credit in arriving at the net income subject to income tax; for 1933 through 1935, no 
credit was allowed for e.xcess-profits tax in arriving at net income subject to income tax, nor was a credit 
allowed for income tax in computing at net income subject to excess-profits tax. 

' Net income means "statutory" net income, i. e., the excess of gross income over deductions as defined in 
the various revenue acts. Foreign corporations report only income from sources within the United States; 
for 1921 and subsequent years domestic corporations deriving a large portion of their gross income from 
sources within a possession of the United States report only income from sources within the United States, or 
income from sources within or without the ITnited States, received within the United States. (See sec. 262 
of the Revenue Acts of 1921, 1924, and 1926 and sec. 251 of the Revenue Act of 1928 and subsequent acts.) 
Net income has been adjusted from time to time as follows: 

(rt) Amortization of buildings, machinery, equipment, or other facilities constructed or acquired on or 
after April 6, 1917, for the production of articles contributing to the prosecution of the war, is included to a 
reasonable amount in business deductions, 1918 through 1921. 

(6) Dividends on stock of all corporations liable to the tax imposed by the Revenue Acts of 1909, 1917, and 
1918 are deductible; under the Revenue Acts of 1913 and 1916, dividends were not deductible. Under the 
Revenue Acts of 1921 through 1932, dividends on stock of domestic corporations (other than (1) those deriving 
a large portion of their gross income from sources within a possession of the United States, 1921 and sub- 
sequent years, (2) China Trade Act Corporations, 1922 and subsequent years, and (3) corporations exempt 
from tax. 1932 and subsequent years) as well as dividends on stock of foreign corporations receiving a certain 
amount of income from sources within the United States, are deductible. (Such deductible dividends are 
not included in the amount of gross income shown in "Statistics of Income" for 1918 due to the fact that on 
the return these dividends were designated as nontaxable income.) Under the Revenue Act of 1934, divi- 
<iends on stock of domestic corporations (other than (1), (2), and (3) above) are deductible, but dividends on 
stock of foreign corporations are not deductible. For deduction of dividends paid on preferred stock, by 
certain incorporated banks and insurance companies, to the United States, or to any instrumentality thereof 
which is exempt from Federal income taxation, see section 121 of the Revenue Act of 1934, which section was 
added by Public, No. 374, 74th Congress. 

(c) Losses sustained during a ta.xable year and not compensated for by insurance or otherwise, are entirely 
deductible, except that for 1932 and 1933 losses from sales or exchanges of stocks or bonds (other than capital 
assets and other than bonds issued by a government or political subdivision thereof) are allowed only to 
the extent of the gains from such sales or exchanges. The Revenue Act of 1932 provides that any excess 
joss thus disallowed, computed without regard to any losses sustained during the |)reee(iing taxable year, 
is, to an amount not in excess of the taxpayer's net income for the taxable year, considered as loss sustained 
in the succeeding taxable year from sales or exchanges of stocks or bonds" other than capital assets. The 
limitation on the deduction of losses from sales or exchanges of stocks or bonds does not apply to dealers in 
securities, banks, or trust companies. (See sec. 23 (r), Revenue Act of 1932.) However, section 218 (b) of 
the National Industrial Recovery Act repeals, effective as of Jan. 1, 1933, section 23 (r) (2) of the Revenue Act 
of 1932, thereby limiting the 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 lo.sses to gains from similar transactions in the succeeding taxable year. By 
the Revenue Act of 1934, the definition of capital assets is broadened to include all property held by the tax- 
payer, whether or not connected with trade or business, regardless of period held, except stock in trade, 
property which would be included in inventory, or property held fur sale in ordinary course of business or 
trade. For 1934 and subsequent years, corporations arc pcnniffed tn deduct capital" losses to the extent of 
$2,000 after subtracting the amount of capital gains (such deduct ion not to excc(-d t he actual net capital loss), 
except that this limitation does not apply to losses sustained by certain banks and trust companies on the 
sale of certain bonds, etc. (See sec. 117 (d). Revenue Act of 1934.) 

(rf) Net loss for prior year resulting from the operation of any trade or business regularly carried on by the 
taxpayer: In the case of a net loss for any taxable year beginning after Oct. 31, 1918, and ending prior to Jan. 
1, 1920, the Revenue Act of 1918 provides for the deduction of such loss from the net income of the preceding 
year, a redetermination of taxes for the preceding year being made. When the net loss exceeds the net 
income for the preceding year the amount of such excess is to be deducted from the net income of the suc- 
ceedmg taxable year. The Revenue .\cts of 1921 through 1928 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 vear, the amount of such excess is to be allowed in the next succeed- 
ing 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 one succeeding taxable year only. However, section 218 (a) of the 
National Industrial Recovery Act repeals, effective as of Jan. I,"l933, 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 o,ss for the preceding taxable year. There is no provision in the Revenue Act of 1934 for deduction of 
net loss for prior year. 



STATISTICS OF INCOME 



105 



0/ 1913 through 1934, and certain tax provisions of the National Industrial 
tax under the Act of August 5, 1909 — Continued 



Revenue Act 


Tax on income from Government contracts 


Income year 


Taxable income 


Rate (percent) 


1918 (Feb. 24, 1919) 

1921 (Nov. 23, 1921). 


1919, 1920-.-. 
1921 


Total amount of net income de- 
rived from Government con- 
tracts made between Apr. 6, 
1917, and Nov. 11, 1918, if in 
excess of .$10,000. 

do 


Excess-profits and war- 
profits tax rates of 
Revenue Act of 1918, 
as limited by sec. 
301 (c). 

Do 











(f) For insurance companies, see special provisions in the various revenue acts. 

6 The $3,000 credit not allowable to foreign corporations. 

" Invested capital within the meaning of the statute is the capital actually paid in to the corporation by 
the stockholders, plus the earned surplus and/or undivided profits (exclusive of profits for the current year) 
and exclusive of inadmissible assets as defined in the revenue acts. (See sec. 207, Revenue Act of 1917J and 
sees. 325 and 326, Revenue Act of 1918.) For 1917, foreign corporations reported that proportion of in vested 
capital which net income from sources within the United States was of the entire net income. For the years 
1918 through 1921, it was not necessary for foreign corporations to report invested capital, and for the year 1921 
it was not necessary for corporations deriving a large portion of their gross income from sources "within a 
possession of the United States to report invested capital. (See note 3.) 

8 Foreign corporations were not allowed to deduct income taxes paid to foreign countries either as a fax 
credit or in general deductions for the years 1918, 1919, and 1920. 

'' The $3,000 credit not allowable to domestic corporations deriving a large portion of their gross income from 
sources within a possession of the United States. 

1" Beginning with 1921, the credit cannot exceed the proportion of the total tax against which the credit is 
taken, that the taxpayer's net income from sources without the United States bears to the entire net income. 
This credit does not apply to foreign corporations or to domestic corporations deriving a large portion of their 
gross income from sources within a possession of the Ignited States, but to such corporations these taxes are 
allowable as a deduction from gross income if imposed upon income from sources within the United States. 
For the years 1921 through 1931 the amount of income and profits taxes paid to foreign countries or United 
States possessions in excess of that deducted as a tax credit is permitted to be included in deductions 
against gross income. (See note 16.) 

11 For 1922 and subsequent years, corporations are allowed, as a credit against net income for income tax 
purposes, the amount received as interest upon obligations of the United States which is required to be in- 
cluded in gross income (e. g., see sec. 236 (a) , Revenue Act of 1924). For 1922 and subsequent years China 
Trade Act corporations are entitled to a specific credit. (See sec. 264 (a), China Trade Act, 1922.) 

'2 Not allowable to China Trade Act corporations for 1922 and subsequent years. 

'■■< Income of domestic insurance companies, exclusive of mutual companies other than life, taxable at 121^4 
percent. 

" See joint resolution of Congress No. 133, approved by the President Dec. 16. 1929, reducing rates of 
income tax for 1929. 

" The rate of tax on consolidated returns for 1932 and 1933 is 14J-2 percent, except for returns with fiscal year 
ended in 1934 on which the tax attributable to 1934 is at the rate of 14% percent. (See sec. 218 (e). National 
Industrial Recovery Act.) The rate of tax on consolidated returns with year beginning on, or after Janu- 
ary 1, 1934 is 15M percent. Under the Revenue Act of 1934, only railroad corporations are permitted to file 
consolidated returns. 

'6 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 limitat'ons) against the income tax liability to 
the Ignited States, or to include the entire amount of .such taxes in deductions against gross income. (Soe 
sees. 131 and 23 (c). (2), Revenue Acts of 1932, and 1934.) 

" See note 5 (c) and (d) and note 15. 

'» For 1934 and subsequent years, interest on Liberty Bonds, etc., which is required to be included in gross 
income, is included in net income for excess profits tax computation. (See note 11.) 

•» If corporation was not in existence during the whole of at least one calendar year during the pre-war 
period, the credit (with certain exceptions) shall be the sum of $3,000 and an amount equal to the same 
percentage of invested capital for the taxable year as the average percentage of net income to invested capital 
for the pre-war period of representative corporations, but such amount shall in no case be less than 10 percent 
of the invested capital of the taxpayer for the taxable year. (See sec. 311, Revenue Act of 1918.) 

Note.— For the year 1917 there was also a tax of 10 percent upon that portion of the total net income 
remaining undistributed six months after the close of the taxable year, in excess of the income actually em- 
ployed in the business or invested in obligations of the United States issued after Sept. 1. 1917. 

For the years 1918 through 1920, a corporation that permitted an unreasonable accumulation of profits 
was not subject to the ordinary corporation income tax, but the individual stockholders were taxed upon 
their proportionate shares of its net income. 

For the years 1921 through 1923. an additional tax of 25 percent was imposed upon the taxable net income 
of a corporat'on where it was shown that there had been an evasion of surtax as the result of an unreasonable 
accumulation of profits. Th:s additional tax was increased to 50 percent for the years 1924 through 1933. with 
the provision for 1926 and subsequent years that the additional tax shall not apply if all the shareholders of 
the corporation include in their gross income their entire distributive shares, whether distributed or not, 
of the net income of the corporation for such year. 

For 1934 and 1935 every corporation improperly accumulating surplus (other than a personal holding com- 
pany) is subject to a tax on the adjusted net income at the rate of (1) 25 percent of the amount of the adjusted 
net income not in excess of $100,000, plus (2) 35 i)ereent of the amount of the adjusted net income in excess of 
$100,000. 



INCOME TAX FORMS 



107 



FACSIMILES OF CORPORATION INCOME TAX RETURNS 
FOR 1935, FORMS 1120, 1120L, AND 1120H 



1120. Corporation income and excess-profits tax return. 

1120L. Life insurance company income tax return for companies 
issuing life and annuity contracts, including combined life, health, 
and accident insurance. 

1120H. Personal holding company return. 

109 



78019 — 38 8 



no 



STATISTICS OF INCOME 



RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN 



CORPORATION INCOME AND EXCESS-PROFITS TAX RETURN 
For Calendar Year 1935 

, 1935. mnd ended 1936 



r Fitcal Y«*r begun 



PBINT PLAINLY COBPOBATION'S NAME i 



DaU of Incorporation — 

UnJer the Laws of what State 



' Country .. 



Page I of Return 



Til. C«rp»»«fi»'i B«ok. w b a« •( - L«atal.t 

Kindol BmineM Gn<l«l«') — - ^^^ • CwuoEdaled Rctam of RtUroad CoriwfationiT U m, of How Manjr CofporatiMuT 

WiF«f»«DCwT««bon.SUhiV/h«tt>etRMidw!lorNo«irMid«Jt.. -i if NonreiidciO. SUlo Aawurt of Intoov) EieludeJ (rnstnictloD Ml From Cn« Incooe, ^.„ 

h tba Conmr>tioi) > P«rao(ul Holding CaatpaoT WMiin U» Meaimtj of Section 3S1 of th« Revefwe Act of I9J4T ..-..-. — __..., (If •©. ui additimitJ retnra on Fom 1120 H b 



GROSS INCOME 

9 Sftlea (where inventoriee are Less Returns and 
income-deWrmiDing factor), % - i ADowaucee. $ ! "et Saleii- 



. Leas Coat of Goods Sold: 

(a) Inventory at bepnning of year 

(t) Material or meixhandiBe bought for manufacture ( 

(c) MiBCellanPOUB costs ITnto Soh»dal* A. CcIoidd 1): 
(1) Salaneaand (2) Other 

wages, S — i cofllfl, $..___ 



(d) Total of line* (a), (6). and (c) 

(f) Lees Inventory at end of year 

Groaa Profit from Bales (It«m 1 minu« Item 2) 



Gross Receipt* (where im 
, Less cost of operations (mm BdMdal» 
(a) Salaries and 

wages. $ _ - 



ncome-detcn 



aing factor).. 



S_.. 



((») Other 



; TotaL. 

Cross Profit where inventories ar« not an income-determining factor (It«m 4 minus Item 6) 

, Interat on Loans, Notes, Mortgages. Bonds, Bank Deposits, etc 

Rent« - -- 

. Capital Gain or I-oss (Pmo eotMdnla B) 



. Interest on Liljcrty Bonds, et 
. Dividends on Stock of: 

(a) Domestic Corporatio 

(ft) Domeetio Corporatio 

(c) Foreign Corporation 

. Other Income (ataia lutun ol Uu 

ToTAi. Incomb 



4(7)) 



. (From aobodolo L, Lias 

s subject to taxation under Title I of Revenue Act of 1034 

B not subject to taxation under Title I of Reveoue Act of 1S34.. 



r Items 3, and to 13, incldbitb„ 

DEDUCTIONS 



I) BkluUa ud Wafts, t — 



Compensation of Officers (Prom 

Rant on Business Property 

Repairs ( 

. Taxes (Prom BcboduloE) 

, Losses by Fir«, Storm, etc. 
Bad Debts (From SctMdulea); 

, Dividends (Itom ll (a) above)^ 

, Depreciation (resulting from exhaustion, 
. Depletion of Mine*, Oil 
. Other Deductii 



(rramBchedolaF).... — - 

alsobondsdeterminedtobeworthlesfldurlDgtazableyeftrOtipiaisoi 



and tear, 

id Gas Wells, Timber, etc. (3i 
Authorlxed by Law (EipUin baiow, or od sapw»t« ahMt 

(a) SaUrles and wages. CNoi indottad tn Iwma 2. 8, 18. or iT tbon) 

(6) Stock determined to b« worthless during the taxable year. 



obsolescence) (Tnta Scbedula 
lit acbadula, mo iBftmetlon M) — .. 



Total Dbductionb in Itxub 15 to 25. 

Net iNcowa (Item 14 minus Item 26).. 



COMPUTATION OF TAX 



INCO^.T^X 


E icxae- Pwjms Tkf 


M *JBtlnfoiiia(It»m37 abo«) 




1 — 








21. Nat iDComo for E 


oui-praflU Tu CompataUon (Item 77, 










30. L«s lutvtat oo LIbarty Doods, olc (1Mb 11) 









— 


"^"'- " 




. 











ao BalMw nibl«ct to Interna Tax fltam a minus Itai 


»») 


I 






37. AmooalBubJeetto 


as stiowD 10 roiucap1tal4tock tu return 




11, lBoo.no T»i(I3*»%ofIl«n 30) (or li«%o( Item 3 


0,lftbUI>. 





































, 
















ODl? to a DoniaaldeDt [orelco 


'Corpontlonn haHnf 
Excaa-proOta Tai ret 


l.t.1 ^o.p of r,,l.„,<l corpor,t,o« makes «COa 


nftkloiiotao Elc«ja-prod 
U. afaanoM Pans Itn tea 




t». Inwm. Tai PaliJ to a Fortlco 
Couoirr Of U. B, PosaaiBloD 








anto Eiw.^-proQls T« wurn 0« Imo 


„.„ 




i;.%r:Scrss;^"'^"^'- 


»um 




1U„3J0, 


m 


s ( 















STATISTICS OF INCOME 



111 



Page 3 of Return SCHEDULE K— BALANCE SHEETS 


(See 


Instruction 42) 


















B.o™m»0O,T«..,^Yk>. 


ESO or T4XABLK Y£Aa 




1 


T^ 


"■»- 


ToUl 


ASSETS 
1. Cash: 








t _... 














s 








(6) Time deposits, including ccrti6cat€s o( 


























































s 
















A 






























..-. 


4. laventorics: 












































--- 


::: 

























































-€. Investmrnts (nontaxable): 

(0) ObUcftUons ol a Slate. Temtory. or voUtia>> »V}x«''- 
Klon iha^cot. Of the Dislrlct ol Colnmbi*. or Unlled 


















t 


— 















(e) Dt*rtT nur^ Dornh nnd oth« cblleations of TniWd 

tiutes usued on or betorc Sepii^inber J. 1917.. — 

H) TrMSory Notes, TTeaiury Bills, aod Treasury CertiO- 



















— 






.... 




(rt ^thertr (% ond 4U^ Bonds, Unliwl St8t«a Savings 












(/) Obliealttnu of fosfrumcotolUte of lh« United St»t« 












•€. Other investments: 

(o) Stocks of domcBtic corporationa 


















( 



































(c) Slocks and bonds of foreign corporations... 












7. Deferred charRos: 



















{ 
























































■8. Capital &ESCU: 


















s 


























— 









y 












(d) Delivery equipment . 








(J) Total or Lines (a) to (e) :. 










s 














































s .... 
































0") Land ™ — 


i 
















$._ 


— 
























..... 



















Jl. Other assets (describe fuUy): 



























■ 12. Total Assets 




s 










s 








LIABILITIES 

13. Not«a payable (less than 1 year) 

14. Accounts payable 


S- 
















s 






..-. 


s_ .. 














-•■ 






















...... 







17. Accrued enpcnsee: 

(o) Interest 












(f) Another _ ^.... 










18. Other liabilities (describe fully): 




...... 








s 






... 












19. Capital stock: 
































(t) Common stock Oess stock in treasurj-)-. 























































21. Undivided profits 
















22. Total LiABTLrrnE& 




s 










S.......1 1. 





112 



STATISTICS OF INCOME 



SCHCDITLE L— BECONCIUATION OP NET INCO^fE AND ANALYSIS OP CHANGES IN SURPLUS 



Page 3 of Return - 



L tM tMocM (ab)tct (o UuUoa (Itws 30, pafv t otreiuro). 

(1) ObUc»UoBS of i SutA. Twrtitorr. or political n 
sku) tbanot, « lb» DBU 



(9 ObUnUoos fa 



(»> Ubwty **» ft 



nScpUmtwr i. WIT*. 

J BIUs, «Dd TrokfufT CfftU- 



Boodk, kivJ TTmnirT Boodi owDtfd ti 



(») DMckodi teioetQite a 



(d nimwU ol (n't Imrrrf™ p'*'^— i™M noon tb» da*Ui o< tb» 



hoot uKl<UtV 



tf BiD n. pac* I of '•tors. 



LTtfriofLlMBl 



. N<t pnAt cr Ico tc 



natubc of bdsiness 






M ANUFACTUBING 

|~*1B4fcVT ftwl onJactkioerT prodDctS. 

[— lC«n»d prodoetr-aih. iiu.1. t«(MAfclM. •»«. 

r—iKO pradiKt>-tno. floor. to»d- 

□ PlMklM-boaw pndnctf-iiMVts, krd; tlan^ 
toll*. 

□ Otbo' faod prrfttctj— batUr nbnUirtM. e^ 
mta. nOn. cptas. durr pfodocts. k». «U. 
r-lB*nnsa, mA drtoka, Eolacnl vsur. 
|—]Bt««1i« kBd (U!tlQb«-ttloobol. Bqacn, bwr. 
I — |T*kMcc» prodDcU. 



wcnlwl coo dt jnw foodi. MC-; 



□ Woolen mi 
wooi pcIUac 

I — iCwpee^ Soar cx>v«rlsg9. Upwtitu. U ao torffi 
I — lOtber talfla»-«3rd. Mt, bn. Udcb, ajtiSrial 
I — iCtothlac-^qatota-nmd*, hrt«r7.Bttda.as<Sc*- 




I — |Iwo>Ddii Ml p r d J o ca rf Mmi (ttrBtew. rcB- 
f — iLaaeeUni tad nOraad •Qctpom. 
r-lHol«r nbklM. esovMAtf pwtt. 



M ANCPACn.'BING- (CoBllaoed) 

Metel pmdBcla ud tiiiiiww CoatlaoK 

nMochlcery— factoTT. uaad lo pnxlDdoc d 

I ._....__ . prtotlnt. rob 



I — iMacblDnr— <grtcu]rai»l uid •qaJpSMiU. 
I — jXttcbUj gi — tlM rical wrf eqalpmoDt 

□ Hachlocrr— otbcT, baOdlaf. eDEatrocUoa. r 
UXl mlaJng r-.^HIrwe-y u)d •quJpIDCBt. 

r~~|Hcase&£dd«(]iilpmeai— bmCaI fumltun^ nfrt 

r~l OffioB e^pmesl . 

I — rMet^ >i"«Mi.^ maicrlil uid equlpisnt. 

I — [Haidwsnk toob. otfi. 

r~| r rac to n mttai, products tod pr : BWi«i- 

I — lOtbo'meUfe.proddetiftad pi ntm 

BCKcIluMaaa Bkae&ctarlMf: 

I — I RAdkn, eotspteu or port). 

I — tModal. -proleasioTu]. & 
|~~|Atrplao«. alnL:pa, se»pl«o«: ptfta. 



1 »clgatiac lattni- 



-] Wbotenk aod raUlL 



I — jStock kod bood 

D'" 

I — ilartatuMat mats, eocfc rrodJatM. atock 
pnOtbw flnTKw IcnTj COP pacta*. boOdlai tad 
rnACrlralm* 



I, retltr ^'""'•^ tmi m 




t — I rsOrMd). abipt: •qalpplag tod losultisc 

I — I le mi a$ tada bdliiio- 

□ Sua rm c dd (tor«n. r«^ cirrmUn, vuv 
bOOKB. MS»-}icxBll TKlIU. fU. 

□ PaUk ■dmiB*— ttoctfte U(bt or pora. cu 
UniBdtl or esunii. pipe Lav. td^npb. 
u*aci> tM i. ndkt. wtur-wivkA. tmt mvt^j. 
teD brldtw, ma^ Ivdac fact dUIUh- 



1 profit! Ut» p&ld Ui Um VDJt«d SUUs. tod 
a paid U lu pocsaasloDS or loralffn oountrln II 
3 k owllt Ln wLoIeorln pan la lum S3, pate 1 



(f) RepIaaiDSoU and r«MVbb 

ploy** wbtn Am oorporaUon b dUvctly or ladlrecUT i 

(t) loiatst OD lodablednoB Ismmd or ooaUiiacd to porchui 
or carrr obUsBtliia (oUur tbao obllfatloos of tbe Uollad 
StalM lasTMd tTttf Beptamb« M, 1017. and orlclnAllr sat> 






mtlacaodtt, ate (toba detallad) : 



r oatUowabU doduoUoiu (to ba daUUad) : 



I OTHEB COBPOBAnONS (Sea L 



Booota of this oorporaUon todaded Lo a oonaoUdatad n 



PBEDBCTEaSOB BUatNESS 



. Did tba eorporaUoD 9 



d addnas ct mch predoo 



m dkanga In^katy. 






miot ba rDTTLtibad. 

BASIS or BKTX^N 
6. b this ratora mada ob tba bails ol <aab reealpts aad d 
If Dot, daolba fuUy what otbar bMls or matbod vaa osad la oompatloc Dal laaoiaa. - 



TALCATTON OF DrrE^TOBIES 






laTaBt«r7 was tait taooocUad vllb itock. . 



PBEPABATtON OF BrTDKN (Saa L 

' pmna advlM tba earporatkn In raapact of any ^oastlos or tnatUr aSaMlaf » 
!s ratarn. or aaust or adTUa tha oorporuuoo Ui tba praparaUoo ot thia ratora. 




INFOBACATION BETTBN 
la eorporalbra maka a ntara of tnfoniiAUoo on Forms lOM aad KM (aaa Inst mrttoB B) k 



MlatoBombai 



LIST or ATTACHED SCHEDULES 

I raton. finas Ic w^ a brM t 
s a!wald ba pfaad eo aacb wpvi 



STATISTICS OF INCOME 



113 



Page 4 of Betarn 






SCHEDIXC A (See IiurtnietioM 2 u«J S) 














1. COST Of SAITS (WHEU UCVO*T0(UES AltE AN UKOMe-D^mMINDK FACTOK) |] t COST OF OPEUTIONS (VHOLE DOfDfTOtlES AAE HOT Ui INCOME. DCTEUUNIM FACTOK) 


ITSH* 


(lU.M.'StolM) j '°" 


(EaurHll«afl 


Sfllarii«i nnH -f» 


s _. _ 


SaL 
Otl 


>ri~ .„d w. 










•r r<»t« 


























SCHEDULE &-C\PrrAL GAINS AND LOSSES (FBOM SALES OB EXCHANGES ONLY) (See Instruction 10) 


1. DEscvmoai Of P»opE»rT 


L£SL 


Sou> 


i. OkOSS 6AIX3 Pucz 
(Coocnaptin) 


«. Cost 


Boo»« Tn*i 'U«T» 


T. CojT<HUi™<>™. 


S. DareaxTtoK Ai^ 
ABiX) Sncz ACQCiai- 

T»>0*UUCI1.UU 


t. Qus 0< Lo3i 




JK.. Dc, no 


ii^imr^ 












































































































































































































Gain or Loss (enter net amount as Item 10) (capital losses are allowable only to the extent of S2.000 plus capital gains) 


s 


L- 



xhfloge purchaser owned i 



Every Bale or exchange of stock shotrid be reported in detail, including name and address of corporation, class of stock, number of shares, capital changes affect- 
ing basis (stock dividends, other nontaxable dividends, stock rights, etc.). 

Cost of property must be entered in column S if a Ices is claimed in column 9. 







SCHEDLLE C— COMPENSATION OF OFnCERS (See Instrurtion 15) 












,s„. 


^A^^O.0.™. 


XO».X„. 


^STfi-sr 


«,^„«,„o™=, 


Lissss: 




4.C<«=«i 


^ mutni 


(XBtvnlMaU} 










( 






















































. 



Note: Schedule C~l IN' DUPLICATE also must be 6Jed with this r«tum if compensation in excess of 515.000 was paid to any officer or employee. 



SCHEDULE D— COST OF BEPAIRS (See In, 



SCHEDULE E— TAIES PAID ;Sec lastracUon 19) 



fEBMf Miumm 





SCHEDULE F— EXPLANATION OF DEDUCTION FOR 


LOSSES BY FIRE. STORM. ETC. 


CSee Instruction 20) 






1 KoiD Of PaoriATT 


™ 


s. Con 


4, ScBsrocjKT 


Acocamoa 




7. DK>wrnmi« 


LOM 






K 








, 








s 






























1 1 











L...X J 


..__ 





™_ 



State bow property was acquired „ 



SCHEDULE G— BAD DEBTS (See Instruction 21) | SCHEDULE H— INCOME FROM DIVIDENDS (See InstrucUon 12) 



1-YKi.K 


...„._ 


1 tuanitm bdow an dindsKto nomr^ d.sUic Urn rev. KiiOf ib« taousi u4 Um OKSe Ukd •iCnss of Urn cnrpo- 






^ 




. 














































1935_ 



















SCHEDULE I—EXPLANATION OF DEDUCTION FOR DEPBEOATION (See Instruction 23) 






L KiKsor Paovmrr 

(UbDlhUDC^SUU 

WBWraciZt) 


ACQCIUD 


Vij.trE If AcqnmCD Puom 
TO Tb>t DaTS 


4 Amto FciiT 
*T Ext. Of VtAA 


'"^M^^"° 


e RBMAroya Cost 

OKOTRUBaSB 

TO Bk RscoTzaao 


7.UrtC»«B 
TiOiai 


Un rioM 
Of Yk^ 


• DlfMOAllO* 










, 








ft 








c 
















































































































































„- 


__ 



AFFIDAVIT (See Instruction 46) 
We, the undersigDed, president (or vice president, or other principal officer) and treasurer (or assistant treasurer, or chief accounting officer) of the corporatioD 
for which this return is made, being severally duly sworn, each for himself deposes and says that this return (including its accompanying schedules and statementa, 
it any) has been examined by him and is. to the best of bis knowledge and belief, a true, correct, and complete return, made in good faith, for the taxable year stated, 
pursuant to the Revenue Act of 1934 and the Regulations Issued thereunder. 



> and subscribed before roe this „ day of . 






... 193 



AFFIDAVIT (See Instruction 47) 
1/we swear (or affirm) that I/we prepared this return for the person named herein and that the r 
if any) ia a true, correct, and complete statement of all the information respecting the income tax a 
return has been prepared of which 1/we have any knowledge. 

Sworn to and subscribed before me this day of „ , 193 



\^] 




114 



STATISTICS OF INCOME 



Page 1 or Inetructlonfl 



INSTRUCTIONS 



The Inslructions Numbered 1 to 27 Correspond with the Item Numbers on Page 1 of the Return 



GROSS INCOME AND DEDUCTIONS 

n busi 

1 1 on . ^ 
goode'returoed and any allowances or'drscounts from the Eale price. 

Banks insurance companies, and other corporations required to submit state- 
ment* of'income and expenses to any national, State, municipal, or other public 
officer may submit with the return a statement of income and expenBes m the 
form furnished to such officer, in lieu of the information requested m Items 1 to 

26 of the return, except tliat a railroad company will submit with the return a 
Btatement on Form 1090. In such cases the taxable net income will be recon- 
ciled by means of Schedule L on page 3 of the return, with the net profit shown 
by the income and expense statement aubmitted, and should be entered as Item 

27 on page 1 of the return. 

2 Cost of goods sold.— Enter as Item 2 the information requested on lines 
(a) to W and list in Column 1 of Schedule A on page 4 of the return the pnncipal 
items of cost, including the amount entered on line (c), the minor it^ms to be 
RTDuped in one amount. Enter as salancs and wages on line (e) the total com- 
pensation, during the period covered by this return, of individuals employed 
(exclusive of officers and firm members). 

If the production, purchase, or sale of merchandise is an income-producing 
factor in the trade or business, inventories of merchandise on hand should be 
taken at the beginning and end of the Uxable year, which may be valued at cost, 
or cost or market, whichever is lower. Enter the lette" '*C' , or C or M , 
immediately before tlie amount column on lines (o) and (c) under item 2, il the 
inventories are valued at cither cost, or cost or market, whichever is lower, and 
explain fully in answer to question on page 3 the method used. In case the 
inventories reported do not agree with the balance sheet, attach a statement 
explaining how difference occurred. 

3. Gross profit from sales.— Enter as Item 3 the gross profit from busings in 
^hieh inventories are an incoinp-detcrmining factor, which is obtained by 
deducting Item 2, the cost of goods sold as extended, from Item 1, the net sales. 

4. Gross receipts from business in which inventories are not an Income- 
determining factor.— Enter as Item 4 the gro^ receipts or operating revenue, 
<See also second paragraph of Instruction 1, above.) 

5 Cost of operations. — Enter as Item 5 the cost of operations and list in 
Column 2 of Schedule A on page 4 of the return the principal items of cost 
Enter as salaries and wages the total compensation, during the period covered 
by this return, of individuals employed (exclusive of officers and firm members). 

6. Gross profit from business in which inventories arc not an income- 
determining factor. — Enter as Item 6. 

7. Interest on loans, etc. — Enter as Item 7 all interest 
the corporation during the taxable year on loans, notes, r 
deposits, etc. 

8. Ilents.— Enter as Item 8 the gross amount received for the rent of property. 
Any deductions claimed for repairs, interest, taxes, and depreciation should be 
included in Items 17, IS, 19, and 23, respectively. 

9. BoyaUies.— Enter as Item 9 the gross amount received as royalties. If a 
deduction is claimed for depletion, it should be reported as Item 24. 

10. Capital gains and losses.— Report sales or exchanges of capital 
Schedule B and enter the net a ' ' " ' 



The total of the interest reported as Item 2 (,o){6) and (7). Schedule L. should 
be entered as Item 11 on page 1 of the return. Such interest is allowable R3 a 
credit against net income as Item 29, page 1 of the return. 

12. Dividends. — Describe in detail in Schedule H all dividends received during 
the taxable year. 

Enter as Item 12 (a) dividends from a domestic corporation which is subject to 
taxation under Title I of the Revenue Act of 1934 (other than a corporation 
entitled to the benefits of Section 251 of the Revenue Act of 1934 and other than 
a corporation organized under the China Trade Act, 1922). Enter as Item 12 
(fc) dividends from a domestic corporation which is not subject to taxation 
under Title I of the Revenue Act of 1 934. Enter as Item 12 (c) 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 organized under the 
China Trade Act, 1922. 

13. Other income. — Enter as Item 13 all other taxable income for which no 
space is provided on the return. 

14. Total income. — Enter as Item 14 the net amount of Items 3, and 6 to !3, 
inclusive, after deducting any losses reported in Items 3, 6, and 10. 

15. Compensation of officers. — EntT as Item 15^the compensation of all 



1 Schedule C, giving the information 
corporation paid to ; 



officers, in whatever form paid, and fill i 
requested. . 

Note. — If during the taxable rear the corporation paid to any officer or 
employee compensation for personal 8er\-iccB in excess of $15,000, Schedule 0-1 
(copies of which mav be obtained from the collector of internal revenue) must 
be filed, IN DUPLICATE, with and as part of this return. 

16. Rent. — Enter as Itfem 16 rent paid for business property in which the 
corporation has no equity. 

17. Repairs. — Enter as Item 17 the cost of incidental repairs including the 
labor, supplies, and other items which do not add to the value o *-'- 
prolong the life of the property. Enter as salaries and wages the c 
during the period covered by this return, of persons e 



t of gain or loss as Item 10 {< 
-2,000 1 - - 



De- 
erribe the property briefly and state the actual consideration or price received 
or the fair market value of the property received in exchange. 

If the property sold or exchanged was acquired prior to March 1, 1913, the 
ba«a for determining gain is the cost or the fair market value as of March 1, 
1913, adjusted as provided in section 113 (b) of the Revenue Act of 1934, 
■nhichevcr is greater, but in determining lobs the basis is cost so adjusted. 
(See Section 1 13 of the Revenue Act of 1934.) If the amount showTi as cost is 
other than actual cash cost of the pr',perty sold or exchanged, full details must 
be furnished regarding the acquisition of the property. 

Enter as depreciation the amount of exhaustion, wear and tear, obsolescence, 
or depletion which has been allowed (but not less than the amount allowable) m 
respect of such property since date of acquisition, or since March 1, 1913, if the 
property was acquired before that date. In addition, if the property was 
acquired before March 1, 1913. the cost shall be reduced by the depreciation 
actually sustained before that date. 

Subsequent improvements include expenditures for additions, improvements, 
and repairs made to restore the property or prolong its useful life. 

No loss shall be recognized in any sale or other disposition of shares of stock or 
securities where the corporation has acquired substantially identical stock or 
securities within 30 days before or after the date of such salaor disposition, 
unless the corporation is a dealer in stocks or securities in the ordinary course of 
business. 

No deduction shall be allowed in respect of loss from sales or exchanges of 

Kopcrty, directly or indirectly, except in the case of distributions in liquidation, 
twecn an individual and a corporation in which such individual owns, directly 
<»r indirectly, more than 50 percent in value of the outstanding stock. (See 
section 24 (a) (C) of the Revenii 
The provisions of the Revenu 

"Sec. 117 (b). Dcflnilion of capital assets.— For the purposes of this title, 
'capital assets' means property held by the taxpayer (whether or not con- 
nected with his trade or business), but does not include stock in trade of the tax- 
naver or other property of a kind which would properly be included in the 



appreciably 
mpensatlon, 
iployed directly in conneo- 
■ith these incidental repairs, as shown in Schedule D. Expenditures for 
new buildings, machinery, equipment, or for permanent improvements or better- 
ments which increase the value of the property are chargeable to capital account. 
Expenditures for restoring or replacing property arc not deductible, as such ex- 
penditures are chargeable to capital accounts or to depreciation reserve, depcna- 
ing on how depreciation is charged on the books of the corporation. 

18. Interest.— Enter as Item 18 interest paid on business indebtedness. Do 
not include interest on indebtedness incurred or continued to purchase or carry 
obligations (other than obligations of the United States issued after September 
24, 1917, and originally subscribed for by the taxpayer) the interest upon which 
is wholly exempt from taxation. 

19. Taxes. — Enter as Item 19 taxes paid or accrued during the taxable year. 
Do not include Federal income and profits taxes, nor estate, inheritance, legacy, 

1, and gift taxes, nor income taxes claimed as a credit in Item 33, laser 



.^.iessed against local benefits tending to increase the value of the property- 
assessed, Federal taxes paid on bonds containing a tax-free covenant, nor taxes 
not imposed upon the taxpayer. No deduction is allowable for any portion of 
foreign income and profits taxes if a credit is claimed in Item 33. 

20 Losses. — Enter as Item 20 losses sustained during the year and not com- 
pensated for by insurance or otherwise. Losses of business property arising frcsn 



fire, storm, shipwreck, 



6 Act of 1934.) 

3 Act of 1934 relating to capital gains and losses 



held by the 



of th-L- 



xpayer pr 



imitation on capital losses. — Losses from soles or exchanges of capi- 

) shall be allowed onlv to the extent of $2,000 plus the gains from 

Buch sales or exchanges. If a bank or truct company incorporated under the 



laws of the United States i 
whofW business is tho ro.-ri 
certificate or other cvHrni-.- 
one isflued by a govi inn ' 



a bank _- , 

■ of ony State or Territory, a substantial part of 

t ,,f dcjxisits, sells flr.y bond, dch ' 



oft 



: doLv 



foregoing limitation and sbJiU iu>t l-v incliulea ic dctcrriunui;; the applicability 
of fluch limitation to otiier losni-s. 

"(e) Gains and losses from short sales, etc. — For tho purpose of this title — 
(1) gains or losses from short nalea of property shall be considered as gains or 
losocs from sales or exchanges of capital assets; * • * 

"(0 Retirement of bonds, etc. — For the purposes of this title, amounts 
Tcctlvcd by the holder upon the retirement of bonds, debentures, notes, or cer- 
tificates or other evidences of indebtedness issued by any corporation (including 
Ihivs.^ issued by a gt>\crnment or political subdivision thereof), milh interest 
IS or in registered form, shall be considered as amounts received in 
ige therefor." 

Section 117 applies only to fains and losses upon the sale or exchange of 
capital assets and. liiervfore. hn>* no application to lohs of useful value up^n 
the permanent abandonment of the use of properly or loss sustained as the 
result of corporate stock or debts becoming worthless. 

1 1 Interest on Liberty bonds, etc. — Enter as Item 5, Schedule K. the amount 
of tlic various obligations owned and enter aa Item 2 (a), Schedule L, all int«*re8t 
Tccei-ed or credited t*j the ct-'ioration's account during the year on these 

Intc 



„^. , .. other casualty, or from theft, should be explained 

Schedule F, giving the information requested. 

21. Bad debts. — Enter as Item 21 debts, or portions thereof, arising from sales 
or services that have been reflected in income, w' ich have been definitely ascer- 
tained to be worthless and have been charged off ithiii the year, or such reason- 
able amount as has been added to a reserve foi ad debts within the year. 

If the debts are included in the deduction claimed, submit a schedule showing 
the amounts charged off, and state how and when each was determined to be 
worthless. If the amount deducted is an addition to a reserve, enter in Sched- 
ule G the amount of sales charged on account, and the amount of bad debts 
charged off, for each of the years indicated. „ ^ . 

A debt previously charged off as bad, if subsequently collected, must be 
returned as income for the year in which collected. 

22. Dividends.— Enter as Item 22 dividends repotted as income in Item 1 2 (a) . 

23. Depreciation. — The amount deductible on account of depreciation in Item 
23 is an amount leasonablv measuring the portion of the investment in deprcci- 
nhle property by reason of exhaustion^ wear and tear, or obsolescence, which is 
propcriy chargeable against the operations of the year. If the property was 
acquired by purchase on or af'ier March 1, 1013, the amount of depreciation 
should be determined upon the basis of the original cost (not replacement cost) of 
the property, and the probable number of years remaining of its expected usefiil 
life In case the property was purchased prior to March 1, 1913, the amount of 
depreciation will be determined in the same manner, except that it wiU be com- 
puted on its original cost, less depreciation sustained prior to March 1, j913, "<■ 



fair market value as of that dote, whichever is greater. If the property was 
acquired in any other manner than by purchase sec Section 1 14 of the Reverse 
Act of 1934. "The capital sum to be recovered should be charged off ratably 
the useful life of the property, 'ft'hatever plan or method of apportionment 



is adoptfjd must be reasonable and must have d 
during the taxable year and should be described i 
and like securities are not subject to exhauatiun, w 
ing of the law. 

If a deduction is claimed on account of depreci&ti 
obsolescence b included, state separately 
it is computed. Land values 



operating conditions 
the return. ' Stocks, bonds, 
a and tear ^Wthin the mean- 



this schedule, 
of the 

must be established, "the adjusted property 
account 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- 0) and 114 of the Revenue Act of 1934. 

24. Depletion.— If a deduction is clsim^d on account^of depletion. 



nlM. ton 



iplete valuation data 
then file xvith this return irf 
up to date, setting forth in i 



deductic 



additic 



■oal). Form F {miscellaneous non- 
1 l.rr>, fill in and file with return. 

briT:g your depletion schedule 
' iranRaciions bearing on deduc- 
plonotion of how depletir 



r; 



.xoble year lj;ia been dutcrmiced. See Sections 23 (m) and 
114 of the Revenue Act of 1S34. 

25 Other deductions. — Enter as Item 25 other deductions authorized by law 
and file with the return a scheaule showing how each deduction was computed. 

No deduotiun is allowable for the amount of ary item or part thereof allocable 
to a class of exempt income, other than interest. Items directly attnbutuble to 
such exempt income shall be allocated thereto, and items directly attributable 
to any class of taxable income shall be allocated to such taxable income. A 
taxpaver receiving any exempt 
property or cngacing in any ac 
submit with H& return as a part thereof 
(1) the amount of each class of exempt 



1 detail, showing 



temizcd statement, 
icome, and (2) the 

al/ocatcd'to each such class (the amount allocated by opportionment being 

shown separately). 

26. Total deductions-^Entcr as Item 26 the total of Items 16 to 26, iDclunlve. 

27. Net income. — Enter as Item 27 the ret income, wliich is obtained by 
deducting Item '26 from Item 14. The 
computed upon the bo*is of its taxable 
accounting icffularly employed =- ' 
not clearly rellcct the income, 



rporation shall be 
dance with the method of 
keeping the books unless such method does 



STATISTICS OF INCOME 



115 



Page 2 of Instructions 



CREDIT FOR TAXES 

Bidont foreign corporation eubj''' 



28. A nonresident foreign corporation eubj'^ot to lanAtion may clnim as a credit 
In Item 32 any income tax required to be dedutted and withheld at the source. 

29. If. in accordance with Section 131 (a) of the Revenue Act of 1934. e 
credit ie claimed by a domestic corporation in Item 33 on account of income 
tnv ))aid to a foreign country or ft possceeion uf the United Status, Form lllS 

tiitted ■ ' ■ 

In ca 

form must have attached to it a certified copy of tiic return on which each such 
accrued tax was baaed, and the Commisaioner may require a bond ou Form 1 119 
for the payment of any additional tax found due if the foreign tax when paid 
ditlera from the amount claimed. Foreipn corporations, domestic corporations 
entitled to the benefits of Section 251. and corporations organiccd under the 
China Trade Act, 1922, are not entitk-d to claim this credit. 

EXCESS-PROFITS TAX 

30. The excesa-profita tax is imposed upon the net income of every corpora- 
tion for each ineome-taT taxable year ending after* the close of the first year in 
reepect of which it is subject to the copiLal -stock tax. The excess-profits tax 
imposed by Section 701 of the Revenue Act of 1934, ia equivalent to 5 per- 
cent of such portion of the corporation's net income for such income-tax taxable 
year as is in excese of 12>i percent of the adjusted declared value of its capital 
stock (or in the case of a foreign corporation the adjusted declared value of 
capital employed in the transaction of its business in the United States) as 
of the close of the preceding income-tax taxable yc;ir (or as of the date of or^an- 
iiation if it had no preceding income-tax taxable year) determined cs provided 
in Section 701. No variation between the adjusted declared value of capital 
stock set forth in the capital-stock lax return and the adjusted declared value 
embodied in the excess-profits lax return is permissible. For excess-profits tax 
purposes the net income shall be the same as the net income for income tax pur- 
poses. Foreipn income and profits taxes may not be credited against the excess- 
profits tax. Every corporation which ia liable for the making of an excess- 
profits tax return, whether or not such corporation is a member of an affiliated 
group of corporations, must make its excess-profits tax return and compute its 
net income separately, without regard to the provisions of Section 141 of the 
Revenue Act of 1934. Where an affiliated group of railroad corporations makes 
a consolidated income ta^ return, the common parent corporation and each sub- 
sidiary which is liable for the making of an excess-profits tax return must make 
a separate excess-profits tax return. 

LIABILITY FOR HLING RETURNS 

31. Corporations generally. — Every domestic or resident corporation, joint- 
Btock company, association, or insurance company (other than a life-insurance 
company or a mutual insurance company coming within the specific provisions 
of Section 207 (b) and (c) of the Revenue Act of 1934) not apecifically exempted 
by Section 101 of the Revenue Act of 1934, whether or not having any net 
income, must make a return of income on this form. Every corporation which 
is subject to the capital-stock lax must make an excess-profits tax return for 
each income-tax taxable vear ending after the close of the first year in respect of 
which it ia aubjeet to the capital-stock tax. For the calendar year 1935, or 
fiscal year ending on or before June 30, 1936, a combined return for income and 
excess-profits cax purposes must be made on this form, except where a consuli- 
dated income-tax return is made by an affiliated group of railroad corporations. 
(See Instruction 30.) 

32. Corporations in posseesSons of the United States. — Domestic corporations 
Tvlthin the possessions of the United States (except the Virgin Islands) may 
report as gross income only gross income from sources within the United States, 
provided, (a) 80 percent or more of the gross income for the three-year period 
immediately preceding the close of the taxable year (or such part thereof as 
may be applicable) was derived from sources within a posaession of the United 
States; and (6) 50 percent or more of the gross income for such period or such 
part thereof was denVed from the active conduct of a trade or business within 
a possession of the United States. 

33. Foreign corporotions. — A foreign corporation subject to the provisions of 
the Revenue Act of 1934, regardless of the amount of its net income, is required 
to file a return with the collector in whose district is located its principal oi 
or agency through which ia transacted ■ 
net income should be computed in accc 
Act of 1934. 

Any foreign nonresident corporation excluding from gross income from sources 
within the United Slates income of the type specified in Section 119 (a) (1) (A) 
(B) or (C) of the Revenue Act of 1934 must file with its return a statement setting 
forth the amount of s^jch income and such information as may be necessary to 
show that the income ie of the type specified in those paragraphs. A foreign 
corporation cngngcd in trade or business within the United States or having an 
ofiice or place of business therein is a resident foreign corporation. 

34. Life insurance companies. — A life insurance company issuing life insurance 
and annuity contracts (including contracts of combined life, health, and accident 
insurance), as defined by Section 201 of the Revenue Act of 1934, shall file its 
tax rcturnson Form 1120L, instead of this form. 

85. Mutual insnrance companies. — A mutual insurance company (other than 

.Tipany) shall make and file its return in accordance with the 

a of Section 207 of the Revenue Act of 1934 and Article 207-1 of Regu- 
lations 8G. 

36. Benevolent life insurance associations of a purely local character, mutual 
ditch or irrigation companies, mutual or cooperative telephone companies, or 
like