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STATISTICS  OF  INCOME 
FOR  1936 

PART  1 

COMPILED  FROM  INDIVIDUAL  INCX>ME  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  1936 


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 


<^(o« 


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


Price  20  cents 


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"'  ^'  SUPtKiHit,JUENT  OF  DOCUWtNIS 

DEC    5   1938 


7/wy^o 


CONTENTS 


Page 
Official  transmittal : 1-79 

INDIVIDUAL  INCOME  TAX  RETURNS 

Returns  tabulated 1-2 

Definition  of  net  income 3 

Tax  liability  and  collections 3-4 

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 5-6 

Classification  by  sex  and  family  relationship 6 

Personal  exemption  and  credits  against  net  income 7 

Capital  gains  and  losses 8 

Sources  of  income  and  deductions 8-9 

Amounts  and  percentages 10 

Number  of  returns,  and  for  returns  with  net  income  of  $5,000  and 
over,  number  for  each  specific  source  of  income  and  deduction,  by 

net  income  classes 11-12 

Percentage  distribution,  by  net  income  classes 13-14 

Frequency  distribution  of  selected  sources  of  income  and  loss  by  net  in- 
come classes  and  by  size  of  each  source  of  income  and  loss 14-24 

Profit  and  loss  from  business,  by  industrial  groups,  returns  with  net  in- 
come of  $5,000  and  over 25-27 

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

$5,000  and  over -.  28 

Amount  owned  and  interest  received,  by  net  income  classes 29-30 

Returns  on  Form  1040  with  no  net  income 30-31 

By  deficit  classes 31 

Sources  of  income  and  deductions,  amounts 31 

Number  of  returns  by  counties,  cities,  and  towns 32 

PARTNERSmP  RETURNS  OF  INCOME 

Number  by  years,  1917-36 -         32 

HISTORICAL  SUMMARIES,  INDIVIDUAL  INCOME  TAX  RETURNS 

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

1913-36 33-34 

Number  of  returns,  by  net  income  classes,  1914—36 34-35 

Net  income,  by  net  income  classes,  1916-36 36-37 

Tax,  by  net  income  classes,  1916-36 37-38 

Effective  tax  rate  (percent),  by  net  income  classes,  1916-36 38-39 

Sources  of  income  and  deductions  and  net  income,  1916-36 39-44 

All  returns 39-41 

Returns  with  net  income  of  $5,000  and  over 41-44 

m 


IV  CONTENTS 

ESTATE  TAX  RETURNS 

Page 

General  explanations 45-47 

Table  1.  Taxable  and  nontaxable  estate  tax  returns  of  citizen  or  resident 
decedents,  by  revenue  acts  under  which  returns  were  filed: 
number  of  returns,  gross  estate,  deductions,  total  insurance, 

tax-exempt  insurance,  net  estate  and  tax 48-50 

Table  2.  All  citizen  or  resident  decedents  filed  during  calendar  year  1937. _   51-53 

Table  2 A.  Resident  decedents  who  died  prior  to  May  11,  1934 54-55 

Table  2B.  Citizen  or  resident  decedents  who  died  in  period  May  11, 

1934,  through  August  30,  1935 56-57 

Table  2C.  Citizen  or  resident  decedents  who  died  on  or  after  August 

31,  1935 58-60 

Number  of  returns,  gross  estate,  deductions,  total  insurance,  and 
tax-exempt  insurance,  by  net  estate  classes,  for  taxable  returns. 
Table  3.  All  citizen  or  resident  decedents  filed  during  calendar  year  1937- _  61-63 

Table  3A.  Resident  decedents  who  died  prior  to  May  11,  1934 64-65 

Table  3B.  Citizen  or  resident  decedents  who  died  in  period  May  11, 

1934,  through  August  30,  1935 66 

Table  3C.  Citizen  or  resident  decedents  who  died  on  or  after  August 

31,  1935 67-68 

Number  of  returns,  net  estate  and  tax,  by  net  estate  classes,  for 
taxable  returns. 
Table  4.  Taxable  and  nontaxable  estate  tax  returns  of  resident  decedents 
who  died  before  May  11,  1934,  and  of  citizens  or  resident  dece- 
dents who  died  after  May  11,  1934,  by  States  and  Territories: 

number  of  returns,  gross  estate,  net  estate,  and  tax 69-71 

Table  5.  Historical  summary  of  returns  of  resident  and  nonresident  de- 
cedents filed  in  period  1916  through  1937 72-73 

GIFT  TAX  RETURNS 

General  explanations 74-75 

Total  gifts,  amount  by  trust,  and  all  other  gifts,  1936,  by  form  of 

property 75 

Total  number  of  returns,  number  of  taxable  and  nontaxable  returns, 

total  gifts,  net  gifts  and  tax,  1932-36 75 

Number  of  returns,  net  gifts  and  tax,  for  identical  donors,  for  1936 

and  one  or  more  prior  years 76 

Table  1.  Gift  tax  returns,  1936,  by  net  gift  classes:  number  of  returns, 
total  gifts  by  form  of  property,  exclusions,  total  gifts  after  ex- 
clusions, deductions,  net  gifts  and  tax 76-77 

Table  2.  Gift  tax  returns  1936,  by  total  gift  classes  and  by  taxable  and  non- 
taxable returns:  number  of  returns,  total  gifts  before  exclu- 
sions, exclusions,  total  gifts  after  exclusions,  deductions,  net 
gifts  and  tax 78-79 


CONTENTS  V 

BASIC  TABLES— INDIVIDUAL  INCOME  TAX  RETURNS 

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

1.  By  States  and  Territories 83 

2.  By  net  income  classes 84-85 

3.  Simple  and  cumulative  distribution,  by  net  income  classes. _  86-88 

4.  Sex  and  family  relationship,  by  States  and  Territories _  89-91 

5.  Sex  and  family  relationship,  by  net  income  classes 92-94 

6.  Sources  of  income  and  deductions,  and  net  income,  by  States  and 

Territories 95-97' 

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

number  of  returns,  and  for  returns  with  net  income  of  $5,000 
and  over,  number  for  each  specific  source  of  income  and  deduc- 
tion, by  net  income  classes 98-101 

8.  Profit  and  loss  from  business  (sole  proprietorship),  returns  with 

net  income  of  $5,000  and  over,  by  size  of  profit  and  loss  and  by 
industrial  groups:  number  of  businesses  with  profit  or  loss  and 
amount  of  profit  or  loss 102-107 

10.  Returns  on  Form  1040  with  no  net  income:  number  of  returns 

and  deficit  by  States  and  Territories '   133 

11.  Returns  on  Form  1040  with  no  net  income:  sources  of  income  and 

deductions,  and  deficit,  by  deficit  classes 133-134 

States  and  Territories  separately  (9) : 

9.  By  net  income  classes  with  historical  summary,  1926-36 108-132 

REVENUE  ACTS  OF  1913-1936  AND  CERTAIN  TAX  PROVISIONS  OF  THE 
NATIONAL  INDUSTRIAL  RECOVERY  ACT  (1933)— SYNOPSIS  OF  INDI- 
VIDUAL  INCOME  AND  PROFITS  TAX  RATES.  ESTATE  AND  GIFT  TAX 
RATES,  CREDITS  AND  EXEMPTIONS,  AFFECTING  THE  COMPARABILITY 
OF  DATA  IN  "STATISTICS  OF  INCOME" 

Individual: 

Required  to  file  returns,  personal  exemption,  credit  for  dependents, 

and  normal  tax  rates,  1913-36 138-141 

Surtax  rates  and  total  surtax,  1913-36 142-143 

Supplemental  income  and  profits  tax  rates  and  tax  credits,  1917-36.   144-145 
Estate  tax: 

Rates,  total  estate  tax,  specific  exemption,  and  credits  against  estate 

tax,  1916-35 146-147 

Gift  tax: 

Rates,  total  gift  tax,  specific  exemption,  exclusions  and  deductions, 

Revenue  Acts  1924,  1932,  and  1932  as  amended  by  1934  and  1935. _       148 

INCOME  TAX  FORMS 

Facsimiles  of  Forms  1040,  1040A,  and  1065  for  1936 _   152-163 

Index 165 


STATISTICS  OF  INCOME  FOR  1936 


PART  1 


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

Treasury  Department, 
Office  of  Commissioner  of  Internal  Revenue, 

Washington,  D.  C,  October  25,  1938. 

Sir:  In  accordance  with  tlae  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  1936,  Part  1,"  prepared  from  indi- 
vidual income  tax  returns  for  1936  filed  during  1937,  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  1937, 
irrespective  of  the  date  of  death  of  the  decedent,  as  well  as  tabulations 
of  data  from  gift  tax  returns  filed  during  1937,  with  brief  historical 
summaries. 

INDIVIDUAL  INCOME  TAX  RETURNS 

RETURNS  TABULATED 

Individual  income  tax  returns  for  years  ended  December  31,  1936, 
and  thereafter,  are  filed  under  the  provisions  of  the  Revenue  Act  of 
1936,  which  was  approved  June  22,  1936.  The  major  changes  in  the 
provisions  of  this  act,  affecting  individual  income  tax  returns,  as  com- 
pared with  the  provisions  of  the  Revenue  Act  of  1934,  under  which 
the  returns  for  the  preceding  year  were  filed,  were  application  of  the 
normal  tax  to  the  amount  of  dividends  received  from  domestic  cor- 
porations, and  increases  in  the  surtax  rates,  applicable  to  surtax  net 
incomes  in  all  brackets  of  over  $50,000.  The  increases  in  the  highest 
surtax  brackets,  as  compared  with  the  rate  of  59  percent  previously 
appHcable  to  surtax  net  income  exceeding  $1,000,000,  are  73  percent 
on  that  part  of  surtax  net  income  in  excess  of  $1,000,000  and  not  over 
$2,000,000;  74  percent  on  the  part  in  excess  of  $2,000,000  and  not  over 
$5,000,000;  and  75  percent  on  the  part  in  excess  of  $5,000,000.  (These 
increased  surtax  rates  were  also  contained  in  section  101  of  the  Reve- 
nue Act  of  1935,  approved  August  30,  1935,  which  was  superseded  by 
section  12  of  the  Revenue  Act  of  1936.) 

The  year  for  which  the  income  is  reported  is,  in  general,  the  calendar 
year  ended  December  31,  1936.  However,  a  negligible  number  of 
individual  returns  is  filed  for  a  fiscal  year  other  than  the  calendar  year. 


2  STATISTICS   OF   INCOME 

The  returns  for  a  fiscal  year  ended  within  the  period  July  1936  through 
June  1937  are  tabulated  with  the  calendar  year  returns  for  1936. 
There  are  also  included  part-year  returns  for  which  the  greater  part 
of  the  accounting  period  falls  in  1936.  Individual  income  tax  returns 
for  a  fiscal  year  ended  after  June  30,  1936,  and  prior  to  December  31, 
1936,  are  filed  under  the  provisions  of  the  Revenue  Act  of  1934. 

The  general  tables  for  individuals  include  only  returns  vnih  net 
income.  The  data  tabulated  from  individual  returns  with  no  net 
income  are  shown  on  pages  30-31  and  133-134.  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) 
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  accounting  period. 

The  statistics  are  taken  from  returns  as  filed  and  prior  to  any  re- 
vision 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  with  net  income  under  $5,000  filed  on 
Form  1040,  wliich  display  income  characteristics  similar  to  those 
usually  found  in  returns  with  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  (wliich  numbered 
approximately  356,000),  represent  estimates  based  on  samples  of  such 
returns.  All  returns.  Form  1040,  are  sent  to  Washington  for  adminis- 
trative action  and  those  mth  net  income  under  $5,000,  excepting  those 
referred  to  above,  are  sampled  by  the  Statistical  Section.  The  re- 
turns. Form  1040A,  are  retained  in  the  collection  districts  and  samples 
only  are  sent  to  Washington.  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  sample  for  1936  included  (1)  approximately  250,000  returns, 
Form  1040,  representing  nearly  25  percent  of  the  total  number  of 
taxable  and  nontaxable  returns.  Form  1040,  with  net  income  under 
$5,000,  exclusive  of  those  wiiich  display  income  characteristics  similar 
to  those  usually  found  in  returns  of  net  income  of  $5,000  and  over,  and 
(2)  approximately  350,000  returns,  Form  1040A,  representing  for  each 
collection  district  not  less  than  10  percent  of  the  number  of  taxable 
and  nontaxable  returns,  Form  1040A,  with  net  income  under  $5,000. 
The  minimum  for  Form  1040  was  4,000  and  for  Form  1040 A  the  min- 
inum  was  2,000,  or  10  percent  of  the  number  filed,  wiiichever  was 


STATISTICS    OF    INCOME  3 

Jarger.  When  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  1040 A,  the  entire  number  filed  was  tabulated. 

DEFINITION  OF  NET  INCOME 

Throughout  tliis  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  tax- 
payer under  the  provisions  of  the  respective  acts,  and  "deficit"  means 
excess  of  deductions  over  gross  income.  Credits  allowed  individuals, 
such  as  personal  exemption,  credit  for  dependents,  and  credit  for 
earned  income,  are  not  included  in  deductions.  For  the  income  years 
1934,  1935,  and  1936,  net  income  includes  gains  and  losses  from  the 
sales  of  capital  assets  to  the  extent  required  or  allowed  under  the 
Revenue  Acts  of  1934  and  1936. 

Net  income  subject  to  surtax  represents  the  amount  of  net  income 
less  personal  exemption  and  credit  for  dependents.  For  1936,  the 
amount  of  net  income  subject  to  the  normal  tax  is  equal  to  the  sur- 
tax net  income  less  (1)  the  amount  of  interest  received  on  Govern- 
ment obhgations  not  wholly  exempt  from  tax  and  (2)  the  earned  in- 
come credit.  For  years  prior  to  1936,  the  amount  of  dividends  re- 
ceived from  domestic  corporations  subject  to  taxation  under  Title  I 
of  the  effective  revenue  act  was  also  subtracted  from  surtax  net  in- 
come in  determining  the  amount  of  net  income  subject  to  normal  tax. 

TAX  LIABILITY  AND  COLLECTIONS 

The  amount  of  tax  habihty  as  reported  on  the  returns  is  not  pre- 
cisely comparable  with  the  amount  of  individual  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  liabihty  reported  on  the  returns,  among  which  are  the  following: 

1.  The  amount  of  tax  originally  reported  may  have  been  subse- 
quently revised  as  the  result  of  audit  of  returns.  The  revisions  may 
result  in  additional  assessments,  thereby  increasing  the  tax  Habihty, 
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  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  under  certam  hmitations  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  habihty  to  the  United 
States  has  not  been  deducted  from  the  amount  of  income  tax  habihty 
showai  in  the  tabulations  in  this  report.  The  aggregate  amounts  of 
this  credit,  which  are  available  only  for  the  years  1925  to  1930,  in- 
clusive, 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  mcome  taxes  payable  by  individuals  but 
are  not  deducted  in  arriving  at  the  income  tax  habihty  of  individual 
returns  shown  herein. 

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


4  STATISTICS   OF   INCOME 

5'.  Tabulations  in  this  report  exclude  individual  income  tax  re- 
turns, Forms  1040C  and  1040NB,  whereas,  collections  in  the  current 
year  include  taxes  on  these  returns.  Form  1040C  is  designed  for 
departing  ahens,  and  Form  1040NB  for  nonresident  ahens  not  en- 
gaged in  trade  or  business  within  the  United  States  and  not  having 
an  office  or  place  of  business  therein.  Form  1040NB  is  used  for  the 
calendar  year  1936  for  the  first  time. 

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  mterest  and  penalty 
items  as  are  received  in  connection  with  delinquent  payments  on 
returns. 

GEOGRAPHIC  DISTRIBUTION 

Individual  income  tax  returns  may  be  filed  either  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  geo- 
graphic 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  comparabihty  of 
the  data  over  a  period  of  years.  The  major  provisions  of  the  revenue 
acts  from  1913  to  date  are  showoi  on  pages  138-148. 

NUMBER  OF  RETURNS,  NET  INCOME,  AND  TAX 

The  returns  of  individuals  reporting  net  income  for  1936  numbered 
5,413,499,  of  which  2,861,108  were  taxable  and  2,552,391  nontaxable. 
Aggregate  net  mcome  was  $19,240,109,644,  of  which  $14,218,853,550 
was  reported  on  taxable  returns  and  $5,021,256,094  on  nontaxable 
returns.  The  total  tax  liabihty  reported  on  taxable  returns  was 
$1,214,016,803.  Tax  habihty  averaged  $224  for  all  returns  and  $424 
for  taxable  returns.  The  effective  tax  rates  were  6.3  percent  for  all 
returns  and  8.5  percent  for  taxable  returns.  The  number  of  returns 
reporting  net  income  was  4.2  percent  of  the  total  population  (Census 
Bureau  estimate  of  population  as  of  July  1,  1936). 

As  compared  with  returns  for  1935,  the  total  number  of  returns  in- 
creased by  838,487,  or  18.3  percent,  the  number  of  taxable  returns 
increased  by  750,218,  or  35.5  percent,  and  the  number  of  nontaxable 
returns  increased  by  88,269,  or  3.6  percent.  The  total  net  income  in- 
creased $4,330,297,619,  or  29.0  percent,  the  net  income  on  taxable 
returns  increased  $4,184,747,575,  or  41.7  percent,  and  the  net  income 
on  nontaxable  returns  increased  $145,550,044,  or  3.0  percent.  The 
tax  liability  mcreased  $556,577,460,  or  84.7  percent.  The  effective 
rates  of  tax  for  1935,  which  were  somewhat  lower  than  those  for  1936, 
were  4.4  percent  for  all  returns  and  6.6  percent  for  taxable  returns. 


STATISTICS   OF   INCOME  5 

The  distribution  of  returns  of  individuals  by  States  and  Territories 
is  given  in  the  basic  table  1,  page  83,  and  by  net  income  classes  in 
basic  table  2,  pages  84-85.  Each  of  these  tables  shows  number 
of  returns,  net  income,  tax,  personal  exemption,  and  credit  for  de- 
pedents. 

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

The  distribution  of  the  returns  by  a  limited  number  of  net  income 
classes  is  exhibited  in  the  following  table,  which  includes  the  number 
of  returns,  net  income,  and  tax;  also  cumulative  totals  and  percent- 
ages. In  basic  table  3,  pages  86-88,  a  similar  distribution  of  the 
number  of  returns,  net  income,  and  tax  is  shown  by  a  more  detailed 
net  income  classification. 


Individual  returns,  1936,  by  net  income  classes:  simple  and  cumulative  distribution 

of  mimber  of  returns,  net  income  and  tax,  and  percentages  ^ 

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


Returns 

Net  income  classes 

Simple  distribution 

Cumulative  distribu- 
tion from  highest 
income  class 

Cumulative  distribu- 
tion from  lowest 
income  class 

Number 

Percent 

Number 

Percent 

Number 

Percent 

Under  1  (estimated) 

277,803 

2,111,789 

1,317,752 

1,029,144 

440,  886 

176,  649 

41, 137 

13,  620 

2,606 

1,544 

330 

178 

61 

5.13 

39.01 

24.34 

19.01 

8.15 

3.26 

.76 

.25 

.05 

.03 

.01 

(») 

5,  413, 499 

5, 135,  696 

3, 023,  907 

1,  706, 1.55 

677,  Oil 

236, 125 

59,  476 

18,  339 

4,719 

2,113 

569 

239 

61 

100. 00 

94.87 

55.86 

31.52 

12.51 

4.36 

1.10 

.34 

.09 

.04 

.01 

(0 

(») 

277,803 

2,  389,  592 

3,  707,  344 
4, 736.  488 
5, 177,  374 
5,  354, 023 
5,  39.5, 160 
5, 408,  780 
5,411,386 
5,  412,  930 
5,  413,  260 
5,  413,  438 
5, 413, 499 

5.13 

1-2  (estimated).. 

44.14 

2-3  (estimated) 

68.48 

3-5  (estimated)-. 

87.49 

5-10 

95.64 

10-25 

98.90 

25-50. 

99.66 

60-100. 

99.91 

100-150 

99.96 

150-300 

99.99 

300-500 

99.99 

800-1,000 

99.99 

1,000  and  over 

100. 00 

Total                 

5, 413, 499 

100.00 

Net  income 

Net  income  classes 

Simple  distribution 

Cumulative  distribu- 
tion from  highest 
income  class 

Cumulative  distribu- 
tion from  lowest 
income  class 

Amount 

Percent 

Amount 

Percent 

Amount 

Percent 

Under  1  (estimated)  ..      

187, 113 

3,011,409 

3,  325, 252 

3, 821,  708 

2, 977, 790 

2,  628,  692 

1,  400, 493 

913.518 

311,279 

307, 930 

124,  523 

122,  762 

107,  641 

0.97 

15.65 

17.28 

19.86 

15.48 

13.66 

7.28 

4.75 

1.62 

1.60 

.65 

.64 

.56 

19, 240, 110 

19,052,997 

16, 041,  588 

12,716,336 

8, 894,  628 

5, 916, 838 

3, 288, 146 

1, 887.  653 

974, 135 

662, 856 

354, 927 

230, 403 

107, 641 

100.00 

99.03 

83.38 

66.10 

46.24 

30.76 

17.10 

9.82 

5.07 

3.45 

1.85 

1.20 

.56 

187, 113 
3, 198,  522 
6,  523, 774 
10,  345, 482 
13,  323,  272 
15,  951, 964 

17,  352, 457 

18,  265, 975 

18,  577,  253 
18, 885, 183 
19, 009,  706 
19, 132, 469 

19,  240, 110 

0.97 

1-2  (estimated).. 

16.62 

2-3  (estimated).- 

33.90 

3-5  (estimated).. 

53.76 

5-10 

69.24 

10-25 

82.90 

25-50 

90.18 

50-100. 

94.93 

100-150 

96.55 

150-300 

98.15 

300-500. 

98.80 

500-1,000.... 

99.44 

1,000  and  over.- 

100. 00 

Total 

19,  240, 110 

100.00 

For  footnotes,  see  p.  6. 


6  STATISTICS   OF   INCOME 

Individual  returns,  1936,  by  net  income  classes:  simple  and  cumulative  distribution 
of  number  of  returns,  net  income  and  tax,  and  percentages  ' — Continued 

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


Net  income  classes 


Under  1  (estimated) 

1-2  (estimated) 

2-3  (estimated) 

3-5  (estimated) 

6-10- 

10-25- 

25-50 

60-100- 

100-150- 

150-300 

300-500- 

600-1,000.- 

1,000  and  over 

Total 


Tax 


Simple  distribution 


Amount 


14, 

13, 

32, 

79, 

175, 

191, 

216, 

116, 

147, 

71, 

78, 

77, 


1,214,017 


Percent 


0.03 

1.15 

1.15 

2.65 

6.54 

14.47 

15.76 

17.80 

9.57 

12.14 

5.89 

6.50 

6.35 


100. 00 


Cumulative  distribu- 
tion from  highest 
income  class 


1,214,017 

1,  213,  686 

1, 199,  676 

1, 185, 688 

1, 153,  456 

1, 074, 088 

898,  474 

707, 136 

491,091 

374, 935 

227,  553 

156, 083 

77, 138 


Percent 


100. 00 
99.97 
98.82 
97.67 
95.02 
88.48 
74.01 
58.25 
40.45 
30,88 
18.74 
12.85 
6.35 


Cumulative  distribu- 
tion from  lowest 
income  class 


Amount 


331 

14, 341 

28, 329 

60,  560 

139, 929 

315,  542 

506, 881 

722,  926 

839, 082 

986,  463 

1, 057, 934 

1, 136, 878 

1,214,017 


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

>  Less  than  one-hundredth  of  1  percent. 


Percent 


0.03 
1.18 
2.33 
4.98 
11  52 
25.99 
41.75 
59.55 
69.12 
81.26 
87.15 
93.65 
100. 00 


CLASSIFICATION  BY  SEX  AND  FAMILY  RELATIONSHIP 

The  table  presented  herewith  shows  the  number  of  individual  returns 
and  the  net  income  distributed  according  to  sex  and  family  relation- 
ship of  the  taxpayer.  In  basic  tables  4  and  5,  pages  89-91  and  92-94, 
similar  data  are  shown  by  States  and  Territories  and  by  net  income 
classes,  respectively. 

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  showing  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 
community  property  net  income  of  $10,000  and  over,  with  tax  UabiUty 
apportioned  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  bemg  one-half 
of  the  combined  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. 


STATISTICS   OF   INCOME  7 

Individual  returns,  1936,  by  sex  and  family  relationship:  number  of  returns,  net 

income,  and  percentages  ^ 


Returns 

Net  income 

Family  relationship 

Number 

Percent 

Amount 
(thousands 
of  dollars) 

Percent 

Joint  returns  of  husbands,  wives,  and  dependent  children, 
and  returns  of  either  husband  or  wife  when  no  other 

2, 392, 833 

150, 364 
136, 211 

367, 419 

199,  535 

1,299,657 

769,  692 
49, 311 

48, 477 

44.20 

2.78 
2.52 

6.79 

3.69 

24.00 

14.21 
.91 
.90 

9,321,442 

2, 071,  764 
927, 683 

957,966 

511, 590 

2, 706, 848 

1, 775, 820 
620, 126 
346, 870 

48.45 

Separate  returns  of  husbands  and  wives: 

10.77 

4.82 

Heads  of  families: 

Single  men  and  married  men  not  living  with  wives 

Single  women  and  married  women  not  living  with 

4.98 
2.66 

Not  heads  of  families: 

Single  men  and  married  men  not  living  with  wives 

Single  women  and  married  women  not  living  with 
husbands         .         

14.07 
9.23 

3.22 

Estates  and  trusts       

1.80 

5, 413,  499 

100. 00 

19, 240, 110 

100.00 

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

»  An  unequal  number  of  separate  returns  of  husbands  and  wives  results  from  the  use  of  the  sample  method 
for  returns  with  net  income  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) . 

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,  and 
interest  on  Government  obligations  not  wholly  exempt  from  tax, 
together  with  net  income  subject  to  normal  tax  is  shown  in  the 
following  table.  Unlike  former  years,  the  net  income  subject  to 
normal  tax  includes  the  amount  of  dividends  received  from  stock  of 
domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective 
revenue  law. 


Individual  returns,  1936:  net  income  exempt  from  and  amount  subject  to  normal  tax  * 


Distribution 

Amount 
(thousands 
of  dollars) 

Percent 

19,  240, 110 

100. 0(J' 

Personal  exemption  and  credits  against  net  income: 

Personal  exemption 

9,  920,  814 

1,  451,  502 

1,231,044 

43,  627 

51.56 

7.54 

6.40 

Taxable  interest  on  partially  tax-exempt  Government  obligations  ^        

.23' 

Total                                                                     -. 

12,  646, 987 
1.  661,  807 

65.73 

8.63 

Net  income  exempt  from  normal  tax                              .  

10,  985. 180 

57.10 

8,  254, 930 

42.90 

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

2  Interest  received  on  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  5  and  25,  Form  1040,  p.  152)  reported 
on  returns  with  net  income  of  $5,000  and  over. 

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


8  STATISTICS   OF   INCOME 

CAPITAL  GAINS  AND  LOSSES 

The  special  provisions  in  tlie  revenue  acts  for  capital  gains  and  losses 
from  the  sale  of  assets  held  niore  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  section  of  this  report 
entitled  "Revenue  Acts  of  I9137I936,"  etc.,  page  145.  The  "total 
income"  and  "net  income"  for  individual  returns  for  1922  through 

1933,  as  presented  in  the  historical  tables  in  this  report,  pages  39-44, 
include  "capital  net  gains,"  whereas,  for  the  years  1924  through  1933 
the  "net  income"  has  not  been  reduced  by  and  "deductions"  have 
not  been  increased  by  the  amount  of  "capital  net  losses,"  reported 
for  tax  credit. 

Under  the  Revenue  Acts  of  1934  and  1936,  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 
percentages  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. 

The  net  income  reported  on  the  individual  income  tax  returns  for 

1934,  1935,  and  1936  includes  net  capital  gains  and  net  capital  losses 
computed  in  accordance  with  the  above  limitations.  It  is  not  possi- 
ble, by  using  the  net  capital  gain  and  net  capital  loss  on  the  returns 
for  1934,  1935,  and  1936  to  adjust  the  "total  income,"  "net  income," 
and  "deductions"  so  that  they  will  be  comparable  with  these  items 
tabulated  for  prior  years.  Moreover,  net  capital  gains  and  losses 
reported  on  individual  income  tax  returns  for  1934,  1935,  and  1936 
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  10  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.  152),  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  re- 
ported on  the  return  under  "deductions." 

Income  from  partnerships  and  fiduciaries  excludes  taxable  interest 
received  by  these  entities  on  obligations  of  the  United  States,  since 
this  item  is  reported  separately  under  its  classification,  and  includes 
net  capital  gain  or  loss  allowed  upon  sale  of  capital  assets  and  dividends 


STATISTICS    OF   INCOME  9 

received  by  these  entities  on  stock  of  domestic  corporations  and 
foreign  corporations.  In  former  years,  dividends  received  by  partner- 
ships and  fiduciaries  on  stock  of  domestic  corporations  subject  to 
taxation  under  Title  I  of  the  various  revenue  laws  were  tabulated 
under  "dividends,"  while  dividends  on  stock  of  foreign  corporations 
(other  than  those  deriving  more  than  half  their  gross  income  from 
sources  in  the  United  States)  and,  except  for  1932  and  1933,  dividends 
on  stock  of  domestic  corporations  not  subject  to  taxation  under 
Title  I  of  the  various  revenue  laws,  were  left  in  income  from  partner- 
ships and  fiduciaries. 

With  reference  to  the  amount  of  net  capital  gains  and  net  capital 
losses,  attention  is  directed  to  the  provisions  of  the  Revenue  Acts  of 
1934  and  1936,  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  obli- 
gations (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,  inherit- 
ance, legacy,  succession,  and  gift  taxes,  (3)  income  and  profits  taxes 
paid  to  foreign  countries  or  possessions  of  the  United  States,  which 
are  allowed  as  a  credit  against  the  tax,  and  (4)  taxes  reported  on 
Form  1040F,  schedule  of  farm  income  and  expenses.  Taxes  paid 
are  reported  as  item  14  on  the  face  of  the  return.  Form  1040,  in  accord- 
ance with  the  following  mstructions: 

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  32.  No  deduction  is  allowable  for  any  portion  of  foreign 
income  and  profits  taxes  if  a  credit  is  claimed  in  item  32. 

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. 


10  STATISTICS   OF   INCOME 

Individual  returns,  19S6:  sources  of  income  and  deductions,  and  percentages  * 


Sources  of  income  and  deductions 


Amount 
(thousands 
of  dollars) 


Percent 


Sources  of  income: 

Salaries,  wages,  commissions,  fees,  etc 

Business  profit - 

Partnership  profit  2 

Net  capital  gain  ' 

Rents  and  royalties -- 

Dividends  on  stock  of  domestic  and  foreign  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 ' - 

Interest  paid  8... - - 

Taxes  paid ' 

Contributions.- 

Other  deductions.^ 

Total  deductions 

Net  income 


11,661,274 

2, 374,  258 

1, 022,  288 

973,  796 

685, 063 

3, 173, 844 

826, 184 

43, 627 

887, 684 

240,  357 


53.28 

10.85 

4.67 

4.45 

3.13 

14.50 

3.77 

.20 

4.05 

1.10 


21, 888,  373 

100.00 

79,520 

.37 

21, 307 

.10 

129,  704 

.59 

544, 869 

2.49 

698,  609 

3.19 

385, 838 

1.76 

788, 416 

3.60 

2,  648, 263 

12.10 

19,  240, 110 


87.90 


1  Por  general  explanations,  see  pp.  1-6. 
>  See  text,  p.  8. 

'  For  definition  of  capital  assets  and  amounts  of  net  capital  gain  and  loss  taken  into  account  for  tax  pur- 
poses, see  text,  p.  8,  and  synopsis  of  laws,  pp.  144-145. 

*  "Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excluding  dividends 
received  by  partnerships  and  fiduciaries.  In  former  years,  this  item  included  dividends  on  stock  of  domes- 
tic corporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends 
received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within 
the  United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 

5  Interest  received  on  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  5  and  25,  Form  1040,  p.  152) 
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  dividends  received  on  stock  of  domestic  corporations  not  subject  to  taxation  under  Title  I  of 
the  Revenue  Act  of  1936  and  on  stock  of  foreign  corporations.  In  former  years,  dividends  received  from 
these  two  types  of  corporations  were  tabulated  as  "other  income,"  except  in  so  far  as  included  in  partnership 
and  fiduciary  income,  and  until  1934  except  in  so  far  as  received  from  foreign  corporations  deriving  more  than 
half  their  gross  income  from  sources  within  the  United  States.    See  footnotes  2  and  4. 

*  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.  95-101).  The  following  text  table  and  basic 
table  7  also  show  the  total  number  of  returns  in  each  net  income  class 
and,  for  returns  with  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  pages  13-14  shows  for  a  hmited  number  of  net 
income  classes  the  percentage  distribution  of  sources  of  income, 
deductions,  and  net  income. 


STATISTICS    OF    INCOME 


11 


Individual  returns,  1936,  by  net  income  classes:  sources  of  income  and  deductions,  and 
net  incoyne:  also  total  number  of  returns,  and  for  returns  ivith  net  income  of  $5,000 
and  over,  number  for  each  specific  source  of  income  and  deduction  i 
[Net  income  classes  and  money  figures  in  thousands  of  dollars] 


Net  income  classes 


Total 
number 
of  returns 


Sources  of  income 


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


Number 
of  returns 


Amount 


Business  profit 


Number 
of  returns 


Amount 


Partnership  profit ' 


Number 
of  returns 


Amount 


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 


4, 736, 488 

440, 886 

176,  649 

41, 137 

13,  620 

2,606 

1,544 

330 

178 

61 


(») 

287, 378 

107, 085 

23, 940 

7,772 

1,479 

883 

180 

95 

34 


8, 167,  651 

1, 664,  225 

1, 097,  958 

422, 156 

203, 914 

54,  876 

36, 920 

8,713 

3,439 

1,423 


(•) 

95,  762 

30,  545 

4,847 

1,098 

156 

88 

10 

10 

3 


1, 352, 650 

534, 452 

326, 321 

101, 529 

39,  561 

8,430 

8,383 

552 

1,085 

1,296 


(») 

43, 074 

23, 373 

6,514 

2,679 

521 

306 

67 

26 

9 


231, 278 

215, 510 

239,  569 

143, 864 

97,  441 

33, 874 

37,811 

14, 750 

6,992 

1, 199 


5,  413, 499 


10  428, 846 


11, 661, 274 


10  132, 519 


2, 374, 258 


10  76, 569 


1, 022, 288 


Sources  of  income— Continued 

Net  income  classes 

Net  capital  gain ' 

Rents  and  royalties 

Dividends  on  stock 
of  domestic  and 
foreign    corpora- 
tions * 

Income  from  fidu- 
ciaries ' 

Number 
of  returns 

Amount 

Number 
of  returns 

Amount 

Number 
of  returns 

Amount 

Number 
of  returns 

Amount 

Under  5  (estimated). 
5-10    . 

(«) 

99,  241 

65,  384 

20,  541 

7,759 

1,598 

928 

209 

113 

36 

166.  880 

162,  499 

234,410 

164,  067 

115, 133 

42.113 

40,  249 

13,817 

17,  575 

17, 055 

(») 

88, 629 

39, 986 

10. 102 

3,466 

659 

376 

91 

56 

15 

413,  507 

113, 137 

87,  532 

39, 319 

20, 940 

4,774 

3,816 

1,474 

513 

52 

(») 

246,  502 

133,  470 

35,  736 

12,419 

2,452 

1,445 

319 

165 

54 

589, 956 

412,797 

657,  247 

502,  074 

412.893 

164,  235 

182, 092 

83, 878 

86, 956 

81,717 

(») 

33, 403 

23,  726 

8,452 

3,612 

805 

502 

116 

67 

26 

135, 160 
116, 677 
177, 729 
133  852 

10-25              

25-50             

50-100       

107, 321 
39, 216 
46, 075 

100-150      

150-300  

300-500     

18, 433 
26,  259 

500-1,000 

1,000  and  over 

25,  462 

Total..      . 

10195, 809 

973, 796 

10  143, 380 

685, 063 

10  432, 562 

3, 173, 844 

10  70,  709 

826  184 

Sources  of  income — Continued 

Net  income  classes 

Taxable      interest 
on  partially  tax- 
exempt  Govern- 
ment obligations  5 

Other  taxable  in- 
terest 

Other 
income « 

Total 
income 

Number 
of  returns 

Amount 

Number 
of  returns 

Amount 

Under  5  (estimated) 

(") 

11,513 

14.  677 

9,004 

4,839 

1,771 

1,118 

510 

168 

27 

(9) 

178,  575 

90, 910 

26,  638 

10,  252 

2,098 

1,295 

277 

154 

51 

2  442, 329 

145, 900 

149, 515 

75,  799 

43, 890 

12, 025 

10. 789 

2,897 

2,678 

1,861 

131, 573 

39,  201 

33,  592 

16, 987 

11,  066 

2,521 

3,239 

1,185 

250 

742 

11,630,983 

5-10 .. 

20. 920 
16.  870 

6, 415 

2,628 

588 

356 

74 

45 

13 

3,  415, 909 

10-25 

3,  018,  549 

25-50 

1,  608, 651 

50-100 

1, 056, 998 

100-150 

363, 835 

150-300 

370, 491 

300-500 

146,  208 

500-1,000 ... 

145,913 

1,000  and  over 

130.  834 

Total 

47.  909 

43.  627 

10  310.  250        887.684  1 

240, 357 

21, 888, 373 

1 

For  footnotes,  see  p.  12. 
83167—38 2 


12 


STATISTICS    OF   INCOME 


Individual  returns,  1936,  hy  net  income  classes:  sources  of  income  and  deductions,  and 
net  income;  also  total  number  of  returns,  and  for  returns  xcith  net  income  of  $5,000 
and  over,  number  for  each  specific  source  of  income  and  deduction  ' — Continued 

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


Deductions 

Net  income  classes 

Business  loss 

Partnership  loss ' 

Net  capital  loss » 

Interest  paid ' 

Number 

of 
returns 

Amount 

Number 

of 
returns 

Amount 

Number 

of 
returns 

Amount 

Number 

of 
returns 

Amount 

Under  5  (estimated) 

5-10 

m 

7,829 

4,901 

1,742 

853 

194 

151 

35 

33 

22 

34,  395 
12, 422 
12, 180 
7,817 
5,244 
2,442 
1,954 
539 
1,042 
1.484 

3,391 

2,174 

778 

308 

73 

61 

10 

12 

1 

8,756 

3,738 

3,704 

2,198 

1,076 

450 

1,265 

47 

59 

14 

(') 

36, 846 

22,  659 

6,814 

2,569 

534 

351 

74 

48 

19 

66, 876 

27, 853 

22,  491 

7,769 

3,291 

731 

472 

108 

81 

32 

(•) 

225,  345 

99, 347 

25,  302 

9,069 

1,838 

1,127 

255 

150 

49 

259,  609 
104, 532 

10-25 

84, 759 

25-50 

41,  019 

50-100 

25,637 

100-150         

8,191 

150-300 

12,244 

300-500 - 

3,217 

500-1,000                 

3,845 

1,000  and  over  . 

1,814 

Total 

10  15,  760 

79,  520 

10  6,  808 

21,  307 

i»  69, 914 

129,  704 

10  362,  482 

544, 869 

Net  income  classes 


Deductions—  Continued 


Taxes  paid  ' 


Number 
of  returns 


Amount 


Contributions 


Number 
of  returns 


Amount 


Other  de- 
ductions * 


Total  de- 
ductions 


Net 
income 


Under  5  (estimated) 

&-10. 

10-25 

25-50- 

50-100 

100-150. 

150-300 

300-500- 

500-1,000 

1,000  and  over 

Total 


(«) 

362, 573 

154,488 

37,  534 

12,  753 

2,455 

1,473 

316 

167 

59 


344,  623 
111,421 
102, 096 
55,  685 
39,  789 
14,040 
15,  606 
4,943 
5,587 
4,820 


(») 

333,  015 

139, 055 

33, 860 

11,585 

2,278 

1,327 

295 

155 

52 


183,  691 
55, 156 
47,421 
29, 143 
24,  866 
10,  900 
13, 189 
6,257 
7,370 
7,845 


387,  552 

122, 996 

117,207 

64, 527 

43,  578 

15, 802 

17, 830 

6,573 

5,166 

7,184 


1,285,501 

438, 119 

389, 857 

208, 158 

143,  480 

52,  556 

62,  562 

21,  685 

23, 151 

23, 194 


10, 345, 482 

2, 977, 790 

2.  628,  692 

1, 400,  493 

913,518 

311,279 

307, 930 

124,  523 

122,  762 

107,  641 


I"  571, 818 


698,  609 


10  521,  622 


385,  838 


788,  416 


2,  648,  203 


19,  240, 110 


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

3  For  definition  of  capital  assets  and  amounts  of  net  capital  gain  and  loss  taken  into  account  for  tax  purposes, 
see  text,  p.  8,  and  synopsis  of  laws,  pp.  144-145. 

*  "Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excepting  dividends 
received  by  partnerships  and  fiduciaries.  In  former  years,  this  item  included  dividends  on  stock  of  domes- 
tic corporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends 
received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within 
the  United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 

'  Interest  received  on  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  5  and  25,  Form  1040,  p.  152.) 

«  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.  "Other  income"  excludes  dividends  received  on  stock 
of  domestic  corporations  not  subject  to  taxation  under  Title  I  of  the  Revenue  Act  of  1936  and  on  stock  of 
foreign  corporations.  In  former  years,  dividends  received  from  these  two  types  of  corporations  were  tabu- 
lated as  "other  income,"  except  in  so  far  as  included  in  partnership  and  fiduciary  income,  and  until  1934 
except  in  so  far  as  received  from  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources 
within  the  United  States.     (See  footnotes  2  Snd  4.) 

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

»  The  number  of  returns  is  not  available,  since  the  amount  of  "other  deductions"  is  determined  by  sub- 
tracting the  sum  of  specific  deductions  from  total  deductions. 

•  Not  available. 

1'  Excludes  returns  with  net  income  under  $5,000. 

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

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


STATISTICS    OF   INCOME 


13 


Individual  returns,  1936,  by  net  income  classes:  percentage  distribution  of  sources  of 
income,  deductions,  and  net  income  ' 


Net  income  classes 
(Thousands  of  dollars) 


Sources  of  income 


Salaries, 
wages, 

commis- 
sions, 

fees,  etc. 


Business 
profit 


Partner- 
ship 
profit » 


Net  capi- 
tal gain ' 


Rents  and 
royalties 


Dividends 
on  stock  of 

domestic 
and  foreign 

corpora- 
tions * 


Income 
from  fidu- 
ciaries ' 


Under  5  (estimated) 

C-10 

10-25 

25-50 

50-100 

100-150 

150-300 

300-500. 

600-1,000 

1,000  and  over 

Total 


70.22 

48.72 

36.37 

26.24 

19.29 

15.08 

9.97 

5.96 

2.36 

1.09 


11.63 

15.65 

10.81 

6.31 

3.74 

2.32 

2.26 

.38 

.74 


1.99 
6.31 
7.94 
8.94 
9.22 
9.31 
10.21 
10.09 
4.79 
.92 


1.44 
4.76 

7.77 
10.20 
10.89 
11.57 
10.86 

9.45 
12.04 
13.04 


3.56 
3.31 
2.90 
2.45 
1.98 
1.31 
1.03 
1.01 
.35 
.04 


5.07 
12.08 
21.77 
31.21 
39.08 
45.16 
49.15 
57.37 
59.59 
62.45 


1.16 
3.42 
5.89 
8.32 
10.16 
10.78 
12.44 
12.60 
18.00 
19.46 


53.27 


10.85 


4.67 


4.45 


3.13 


14.50 


3.77 


Sources  of  incomes— Continued 

Deductions 

Net  income  classes 
(Thousands  of  dollars) 

Taxable  in- 
terest on 
partially 
tax-exempt 

Govern- 
ment obli- 
gations « 

Other  tax- 
able 
interest 

Other 
income « 

Total 
income 

Business 
loss 

Partner- 
ship 
loss' 

Net  capi- 
tal loss » 

TTndfir  .1  (fifstiTTiHtfid) 

(«) 
0.34 
.49 
.56 
.46 
.48 
.30 
.35 
.12 
.02 

«3.80 
4.27 
4.95 
4.71 
4.15 
3.30 
2.91 
1.98 
1.84 
1.42 

1.13 

1.14 
1.11 
1.06 
1.05 
.69 
.87 
.81 
.17 
.57 

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

0.30 
.36 
.41 
.49 
.50 
.67 
.53 
.37 
.71 

1.14 

0.08 
.11 
.12 
.14 
.10 
.12 
.34 
.03 
.04 
.01 

0  57 

5-10 

.82 

10-25 

.75 

25-50 

.48 

60-100. 

.31 

100-150 

.20 

150-300 

.13 

300-500 

.07 

500-1,000-. 

.06 

1,000  and  over 

.02 

Total 

.20 

4.06 

1.10 

100. 00 

.37 

.10 

.69 

For  footnotes,  see  p.  14. 


14 


STATISTICS   OF   INCOME 


Individual  returns,  1936,  by  net  income  classes:  percentage  distribution  of  sources  of 
income,  deductions,  and  net  income — Continued 


Net  income  classes 

Deductions— Continued 

Net 
income 

(Thousand  of  dollars) 

Interest 
paid  ' 

Taxes 
paid ' 

Contribu- 
tions 

Other  de- 
ductions 

Total  de- 
ductions 

Under  5  (estimated) . 

2.23 
3.06 
2.81 
2.55 
2.43 
2.25 
3.31 
2.20 
2.64 
1.39 

2.96 
3.26 
3.38 
3.46 
3.76 
3.86 
4.21 
3.38 
3.83 
3.68 

1.58 
1.62 
1.57 
1.81 
2.35 
3.00 
3.56 
4.28 
5.05 
6.00 

3.33 
3.60 
3.88 
4.01 
4.12 
4.35 
4.81 
4.50 
3.54 
5.49 

11.05 
12.83 
12.92 
12.94 
13.57 
14.45 
16.89 
14.83 
15.87 
17.73 

88.95 

6-10    .                

87.17 

10-25 

87.08 

25-50- - ..- 

87.06 

60-100- --. 

86.43 

100-150    

85.55 

150-300 

83.11 

300-500— - 

85.17 

500-1,000..- 

84.13 

1,000  and  over.- 

82.27 

Total 

2.49 

3.19 

1.76 

3.60 

12.10 

87.90 

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

3  See  text,  p.  8. 

«  For  definition  of  capital  assets  and  amounts  of  net  capital  gain  and  loss  taken  into  account  for  tax  pur- 
poses, see  text,  p.  8,  and  synopsis  of  laws,  pp.  144-145. 

'"Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excepting  dividends 
received  by  partnerships  and  fiduciaries.  In  former  years,  this  item  included  dividends  on  stock  of  domes- 
tic corporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends 
received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within 
the  United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 

5  Interest  received  on  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  5  and  25,  Form  1040,  p.  152.) 

«  Excludes  dividends  received  on  stock  of  domestic  corporations  not  subject  to  taxation  under  Title  I 
of  the  Revenue  Act  of  1936  and  on  stock  of  foreign  corporations.  In  former  years,  dividends  received  from 
these  two  types  of  corporations  were  tabulated  as  "other  income,"  except  in  so  far  as  included  in  partnership 
and  fiduciary  income,  and  until  1934  except  in  so  far  as  received  from  foreign  corporations  deriving  more 
than  half  their  gross  income  from  sources  within  the  United  States.    See  footnotes  2  and  4. 

'  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,noo  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. 


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  may  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  7  your  share  of  the  profits  (whether  received  or  not)  (or  of  the 
losses)  of  a  partnership,  syndicate,  pool,  etc.,  and  as  item  8  income  from  an  estate 
or  trust,  except  that  the  share  of  taxable  interest  on  obligations  of  the  United 
States,  etc.,  shall  be  included  in  schedule  D.  Include  in  items  31  and  32,  re- 
spectively, credits  claimed  for  income  tax  paid  at  source,  and  foreign  income 
taxes. 

If  the  taxable  year  on  the  basis  of  which  you  file  your  return  does  not  coincide 
with  the  annual  accounting  period  of  the  partnership  or  fiduciary,  then  you  should 
include  in  your  return  your  distributive  share  of  the  net  profits  (or  losses)  for  such 
accounting  period  ending  within  your  taxable  year. 


STATISTICS    OF   INCOME 


15 


Individual  retxirns  with  net  income  of  $5,000  and  over,  1936,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns 

SALARIES  AND  WAGES 

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


Salary  and  wage  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. 

112,043 

71, 900 

46, 834 

32, 333 

24, 268 

64,  732 

27, 366 

14, 987 

8,791 

9,982 

5,167 

3,053 

1,970 

1,244 

872 

633 

1,479 

530 

247 

106 

118 

62 

69 

26 

34 

908 

640 

408 

372 

312 

871 

385 

249 

152 

170 

108 

57 

36 

17 

26 

17 

40 

7 

7 

7 

8 

1 

3 

767 

487 

352 

267 

237 

631 

315 

181 

119 

121 

61 

52 

26 

19 

23 

13 

29 

19 

579 

414 

259 

224 

182 

456 

200 

142 

78 

113 

45 

40 

27 

20 

16 

6 

37 

11 

7 

1 

3 

2 

1 

1 

657 

353 

245 

185 

155 

410 

192 

102 

67 

77 

40 

32 

21 

10 

9 

4 

19 

5 

5 

417 

286 

199 

147 

94 

322 

139 

80 

65 

51 

32 

25 

11 

12 

5 

5 

16 

10 

5 

1 

2,182 

1,428 

939 

630 

483 

1,356 

635 

342 

204 

239 

141 

84 

66 

46 

33 

23 

50 

22 

8 

2 

12 

1 

8 

1 

1 

4,952 
3,257 
1,937 
1  333 

6-7            

7-8 

8-9  

9-10  

1,025 

10-15 

2,535 
995 

15-20 

20-25 

513 

25-30 - 

323 

30-40 

351 

40-50         

212 

50-60       

98 

60-70 

67 

70-80 - 

46 

80-90 

32 

90-100... 

21 

100-150.. 

65 

150-200 

25 

200-250 

13 

250-300     

3 
2 
1 
2 

1 
4 

9 

300-400  

4 

8 

400-500  

500-750  

1 

1 
1 

1 

750-1,000       

1 

1,000  and  over 

1, 

8 

Total 

428, 846 

4,861 

3,732 

2,864 

2,493 

1,924 

8,936 

1720 

Net  income  classes 

Salary  and  wage  classes— Continued 

2-3 

3-4 

4-5 

6-10 

10-16 

15-20 

20-25 

25-30 

5-6.. 

5,983 

3.  625 

2,184 

1,387 

972 

2,498 

930 

463 

265 

283 

153 

85 

40 

41 

27 

17 

49 

14 

1 

8,429 

4,551 

2,568 

1,591 

1,155 

2,607 

969 

474 

251 

284 

116 

69 

50 

30 

25 

15 

27 

15 

4 

5 

1 

2 

1 

1 

13, 873 

5,554 

2,816 

1,626 

1,156 

2,550 

832 

413 

228 

251 

93 

50 

54 

28 

11 

11 

17 

13 

4 

2 

72,  711 

50,339 

33,  361 

21,  589 

12,  023 

17,  898 

5,211 

2,312 

1,187 

1,243 

575 

335 

183 

112 

71 

45 

114 

28 

14 

8 

9 

7 

4 

2 

2 

550 

812 

1,348 

2,790 

6,226 

28, 336 

6,795 

2,784 

1,371 

1  314 

546 

305 

210 

112 

71 

61 

97 

38 

17 

7 

8 

5 

5 

3 

1 

82 

104 

97 

137 

187 

3,820 

7,887 

2,755 

1,312 

1,238 

566 

306 

144 

95 

72 

54 

89 

29 

16 

10 

7 

3 

5 

1 

2 

22 

27 

29 

31 

31 

282 

1,617 

3,120 

1,276 

1,148 

512 

283 

168 

94 

57 

.52 

87 

37 

21 

8 

9 

4 

14 

6-7 

8 

7-8 

18 

8-9  -  - 

9 

9-10 

16 

10-15 

90 

15-20 

167 

20-25. 

859 

25-30          .  . 

1,336 

30-40     

1,040 

40-50  

452 

50-60 

230 

60-70 

137 

70-80_. 

86 

80-90 

47 

90-100            .  . 

40 

lOO-l.'iO 

84 

150-200 

22 

200-250 

13 

2.50-300 

2 

300-400  . 

5 

400-500 

3 
1 

1 
6 

2 

500-7.50 

2 

750-1,000 

1 

1,000  and  over 

3 

1 

2 

Total 

19, 031 

23,240 

29,  590 

219,383 

53, 812 

19, 018 

8,915 

4,682 

16 


STATISTICS    OF   UsTCOME 


Individual  returns  with  net  income  of  $5,000  and  over,  1936,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

SALARIES  AND  WAGES— Continued 
[  Net  income  classes  and  salary  and  wage  classes  in  thousands  of  dollars] 


Salary  and  wage  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 

7 

7 

7 

41 

72 

162 

497 

1,714 

725 

332 

219 

132 

80 

62 

142 

42 

21 

2 

5 

2 

8 

2 

4 

7 

3 

2 

4 

5 

13 

12 

23 

38 

283 

585 

272 

164 

88 

67 

39 

98 

39 

13 

4 

2 

2 

1 

3 

3 

2 

14 

11 

10 

17 

56 

189 

397 

312 

190 

98 

67 

172 

64 

27 

16 

13 

10 

10 

5 

4 

6-7 

1 
1 

1 
1 

7-8 

8-9 

1 

9-10 

10-15 

1 

1 
1 
4 
4 
10 

J 

1 
2 
1 
1 
6 
1 
8 
3 

15 

22 

150 

61 

32 

13 

11 

12 

3 

2 

4 

15-20 

20-25  . 

25-30  

30-40 

1 

40-50 

50-60  --            

60-70 

27 

63 

87 

59 

97 

39 

13 

3 

8 

3 

4 

1 

2 

70-80  . 

80-90  

90-100 

100-150 

150-200 

200-250 

250-300 

2 
3 
3 

300-400 

400-500  

600-750. 

3 
2 
3 

750-1, 000 

1 

1,000  and  over 

Total 

4,302 

1,769 

1,683 

429 

351 

10 

1 

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


Net  income  classes 

Business  profit  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 ..- 

36, 993 

24,  298 

15,  789 

10,  804 

7,878 

19,  511 

7,421 

3,613 

1,913 

1, 969 

965 

467 

261 

186 

112 

72 

156 

59 

17 

12 

4 

6 

5 

6 

3 

445 

287 

205 

110 

94 

249 

89 

65 

28 

33 

22 

8 

2 

4 

362 

232 

175 

121 

109 

200 

78 

45 

10 

32 

16 

4 

4 

2 

1 

346 

234 

155 

88 

59 

157 

68 

39 

19 

20 

12 

4 

270 

220 

116 

95 

63 

152 

67 

20 

17 

27 

12 

7 

2 

4 

2 

250 

198 

104 

67 

50 

153 

47 

35 

16 

21 

12 

4 

2 

2 

1 

1 

1 

2 

1,296 

803 

501 

346 

194 

583 

226 

119 

57 

67 

31 

8 

9 

7 

4 

3 

6 

1 

2,247 

6-7 

1,206 
803 

7-8 

8-9 

560 

9-10 

383 

10-15 

885 

15-20 

301 

20-25 

158 

25-30 - 

83 

30-40 

73 

40-50 

64 

50-60...                

13 

60-70 - - 

12 

70-80 

3 

1 
2 
2 

3 

80-90  

9 

90-100 

1 
3 

1 

4 

100-150 

2 
2 

1 

14 

150-200 

2 

200-250 

1 

250-300 

3 

300-400 

400-500 

1 

2 

500-750 

1 

2 

750-1,000 

1 

1,000  and  over 

1 

Total 

132,  519 

1,646 

1,396 

1,210 

1,075 

966 

4,265 

6,825 

STATISTICS   OF   INCOME 


17 


Individual  returns  with  net  income  of  $5,000  and  over,  1936,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

BUSINESS  PROFIT— Continued 
[Net  income  classes  and  business  profit  classes  in  thousands  of  dollars] 


Net  income  classes 

Business  profit  classes— Continued 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-30 

5-6 

2,338 

1,276 

679 

485 

324 

739 

252 

116 

68 

77 

34 

14 

7 

5 

5 

3 

1 

4 

1 

2 

2,926 

1,419 

748 

482 

298 

677 

209 

118 

53 

49 

14 

12 

9 

9 

3 

3 

3 

1 

4,603 

1,799 

893 

525 

338 

663 

176 

78 

44 

40 

26 

9 

6 

10 
3 

21,  636 

16,  245 

10,  939 

7,218 

4,312 

4,497 

945 

339 

175 

156 

70 

37 

17 

10 

6 

9 

14 

1 

2 

202 

308 

407 

636 

1,582 

9,431 

1,415 

404 

150 

137 

52 

23 

19 

5 

3 

7 

9 

3 

33 

38 

44 

45 

53 

949 

3,000 

580 

177 

121 

51 

26 

8 

7 

5 

4 

7 

1 

19 

13 

12 

18 

5 

108 

455 

1,221 

262 

155 

41 

21 

10 

7 

1 

1 

7 

2 

9 

&-7 

10 

7-8 

2 

8-9 

1 

9-10 

6 

10-15 

33 

15-20 

51 

20-25  

202 

25-30 

578 

30-40 

231 

40-50     .                   

46 

60-60  

27 

60-70  

10 

70-80 

10 

80-90 

5 

90-100     .            

2 

100-150  

4 

4 

150-200 

3 

200-250 

2 

250-300 

1 

300-400                  

400-500  

1 

1 

1 

500-750 

1 

1,000  and  over 

1 

Total 

6,432 

7,033 

9,219 

66, 628 

14, 793 

5,150 

2,359 

1,232 

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 

8-6 

6 
4 
5 

4 

2 

26 

30 

55 

158 

614 

158 

51 

15 

10 

5 

2 
4 

2 
2 

1 

1 

6-7 

7-8 

8-9 

3 

2 

5 

7 

13 

12 

97 

237 

60 

23 

3 

I 
2 
1 

9-10                       

2 

2 

2 

6 

4 

18 

59 

135 

101 

52 

23 

9 

10 

4 

4 

1 
2 
1 

1 

10-15     

15-20  

2 

20-25  

25-30 

1 
1 
6 
4 
4 

30 
25 
12 
13 
1 

1 

30-40 - 

40-50 

2 

50-60 

60-70 

1 
3 
3 
9 
49 
29 
5 
4 
1 

70-80                     .       .  . 

80-90  .            

90-100 

100-150 

5 

150-200 

1 
1 
1 
1 

200-250 

1 

1 
1 

250-300                  .      . 

300-400     

1 

400-500 

500-750 

1 
2 

1 

750-1,000 

1 

1,000  and  over 

1 

Total.. 

1,151 

483 

437 

101 

111 

S 

1 

1 

18 


STATISTICS    OF    I]SrCOME 


Individual  returns  with  net  income  of  $5,000  and  over,  19S6,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

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 

0.4-0.5 

0.5-1 

1-2 

5-6 

2,530 

1,907 

1.386 

1,082 

924 

2,634 

1,366 

901 

583 

707 

452 

308 

209 

150 

104 

82 

194 

82 

53 

16 

21 

14 

21 

12 

22 

261 

179 

131 

79 

64 

183 

65 

53 

30 

32 

13 

9 

4 

1 

4 

1 

2 

1 

1 

267 

175 

114 

71 

66 

130 

66 

50 

20 

26 

10 

10 

2 

6 

1 

1 

2 

185 

156 

103 

69 

56 

164 

79 

42 

22 

24 

21 

9 

5 

2 

161 

128 

61 

57 

60 

118 

50 

35 

16 

20 

9 

5 
5 
2 
2 
2 

150 

109 

96 

70 

40 

123 

57 

31 

26 

16 

14 

6 

2 

4 

3 

553 

379 

263 

219 

187 

510 

243 

139 

82 

93 

57 

33 

22 

9 

9 

5 

11 

5 

2 

477 

6-7... 

399 

7-8 

280 

8-9 

223 

9-10                                  

209 

10-15                         

581 

15-20                           

293 

20-25                           

194 

25-30                           

108 

30-40     .                   

121 

40-50                         

83 

50-60     .              

59 

60-70     

41 

70-80 

22 

80-90         

18 

90-100     

1 
5 

12 

100-150 

1 

17 

150-200 

11 

200-250 

1 

1 

6 

250-300 

1 

300-400 

1 

4 

400-500 

2 

500-750 

1 

750-1,000 

1 

1,000  and  over 

Total 

15,  760 

1,113 

1,019 

944 

738 

749 

2,821 

3,162 

Net  income  classes 

Business  loss  classes— Continued 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-30 

5-6 

195 

172 

130 

106 

89 

290 

161 

99 

69 

81 

56 

40 

22 

21 

16 

16 

24 

4 

2 

2 

3 

2 

1 

94 

84 

74 

58 

48 

152 

97 

79 

54 

67 

41 

19 

15 

13 

6 

7 

10 

6 

2 

2 

1 

1 

1 

54 

32 

39 

37 

19 

112 

70 

31 

40 

41 

23 

25 

19 

8 

6 

6 

19 

7 

3 

106 

61 

68 

68 

61 

189 

137 

97 

70 

108 

74 

55 

41 

30 

25 

15 

39 

21 

17 

3 

5 

1 

9 

1 

3 

20 

18 

16 

17 

14 

43 

27 

27 

28 

38 

25 

17 

12 

8 

4 

6 

19 

9 

3 

3 

1 

2 

1 

2 
9 
5 
3 
6 
20 
11 
12 
8 
21 
6 
10 
4 
9 

3 

2 

2 
3 
4 
5 

e 

4 
5 

7 
2 
5 
2 
3 
1 
7 
5 
1 

2 

6-7 

2 

7-8 

3 

8-9 

1 

9-10 

1 

10-15 

5 

15-20 

5 

20-25 

2 

25-30 

2 

30-40 

3 

40-50 

3 

50-60 

3 

60-70 

5 

70-80     

4 

80-90 

1 

90-100     

5 
14 
5 
6 
2 
1 

2 

100-150     

3 

150-200 

3 

200-250  

2 

250-300 

300-400 

1 

2 

400-500 

2 

1 

500-750            

1 

1 

2 
2 

1 

750-1,000       

2 

1,000  and  over. . 

1 

1 

5 

1 

Total 

1,602 

931 

594 

1,304 

363 

161 

73 

58 

STATISTICS   OF   INCOME 


19 


Individual  returns  with  net  income  of  $5,000  and  over,  1936,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

BUSINESS  LOSS— Continued 

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


Business  loss  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 

1 

1 



7-8 

8-9  .                             

1 

9-10 

10-15            

6 
3 
2 
1 
6 
4 
2 
3 
3 
3 
2 
4 
2 
2 
3 
1 
1 
1 
1 
5 

1 

1 

1 

1 

15-20 

1 
2 

20-25 

25-30  

2 

1 

30-40  

3 
3 

3 

1 

40-50 

1 

1 
2 

50-60  



60-70 

2 

70-80 

1 
2 

1 
1 

1 

80-90               .             

90-100 

100-150     .            

7 
2 
1 

5 

3 

1 

1 

150-200                     

200-250     .            

1 

1 

250-300     .              

300-400 

1 
1 
2 

1 
1 

400-500 

I 
1 
1 
1 

500-750 

1 
1 
1 

750-1  000 

1 
1 

1 

Total                  

56 

26 

20 

9 

16 

1 

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 

0.5-1 

1-2 

6-6 

31, 081 

24, 181 

18.088 

14,  383 

11, 508 

35, 941 

18. 400 

11,043 

7,100 

8,615 

4,826 

2,996 

1,925 

1,266 

905 

667 

1,598 

537 

259 

132 

135 

74 

80 

33 

36 

4.538 

3.261 

2,328 

1,697 

1,286 

3,641 

1,486 

790 

480 

525 

266 

142 

97 

60 

41 

32 

74 

23 

10 

7 

6 

2 

2 

2 

3.096 

2,241 

1,558 

1,151 

907 

2,449 

1,023 

546 

347 

320 

166 

114 

61 

36 

26 

16 

45 

8 

4 

3 

4 

1 

1 

2,372 

1,686 

1,160 

884 

683 

1,936 

806 

470 

251 

269 

166 

73 

47 

21 

15 

19 

20 

9 

6 

4 

3 

1,917 

1,394 

977 

727 

520 

1,  .598 

675 

381 

222 

233 

133 

64 

34 

25 

24 

9 

35 

2 

3 

5 

2 

1,612 

1,220 

858 

639 

449 

1,358 

687 

338 

195 

216 

97 

65 

46 

21 

8 

11 

27 

7 

2 

3 

3 

5,260 

3,941 

2,727 

2,083 

1,699 

4,820 

2,180 

1,201 

675 

819 

404 

233 

159 

83 

69 

42 

99 

30 

14 

5 

7 

5 

2 

1 

5,423 

6-7 

4,090 

7-8 

3,048 

8-9 

2,397 

9-10 

1,847 

10-15 

5,243 

15-20 

2,608 

20-25 

1,478 

25-30. 

881 

30-40 

967 

40-50 

483 

50-60 

284 

60-70 - 

172 

70-80. 

100 

80-90 

69 

90-100 

56 

100-150 

115 

150-200 

43 

200-250 

21 

250-300 

9 

300-400 

8 

400-500 

8 

500-750  

1 

7 

750-1,000 

2 

1 

1,000  and  over 

3 

1 

4 

Total.. 

195, 809 

20, 796 

14, 126 

10,902 

8,980 

7,864 

26,  558 

29, 362 

20 


STATISTICS    OF    INCOME 


Individual  returns  with  net  income  of  $5,000  and  over,  1936,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

NET  CAPITAL  QAIN-Continued 

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


Net  income  classes 

Net  capital  gain  classes— Continued 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-30 

5-6 

2,797 

2, 301 

1,817 

1,.352 

1,084 

3,394 

1,602 

860 

661 

681 

343 

213 

126 

96 

72 

39 

91 

27 

16 

5 

5 

2 

3 

1 

1 

1,666 

1,496 

1,135 

981 

765 

2\  365 

1,199 

685 

435 

462 

260 

166 

103 

73 

40 

35 

69 

21 

11 

2 

7 

3 

2 

1,076 

961 

796 

684 

562 

1,749 

942 

550 

310 

393 

182 

136 

70 

43 

39 

19 

67 

11 

2 

6 

5 

3 

2 

2 

1,260 

1.513 

1,600 

1,667 

1,540 

5,173 

2,817 

1,697 

1,103 

1,262 

639 

387 

266 

173 

106 

72 

181 

66 

26 

17 

11 

8 

7 

1 

2 

40 

58 

60 

101 

135 

1,931 

1,452 

965 

641 

777 

432 

232 

143 

110 

74 

51 

100 

38 

18 

8 

8 

7 

7 

1 

2 

11 
7 

15 

14 

16 

177 

76  5 

636 

436 

528 

304 

161 

114 

86 

67 

44 

87 

26 

16 

2 

2 

2 

3 

1 

1 

3 
4 
3 

2 

11 

42 

108 

360 

302 

451 

215 

157 

84 

48 

41 

27 

67 

33 

8 

2 

6 

3 

3 

2 

1 

7 

6-7 

5 

7->8 

2 

8-9 

2 

9-10 

2 

10-15 

26 

15-20 

28 

20-28 

44 

25-30 

208 

30  40 

297 

40-50 

199 

50-60 

118 

60-70 

67 

70-80 

46 

80-90 

22 

90-100       

24 

100-150 

65 

150-200 

13 

200-250 

11 

250-300  

4 

300-400 

2 

400-500 

4 

500-750                

2 

750-1,000     

1 

1,000  and  over 

1 

Total 

17, 489 

11,981 

8,610 

21, 594 

7,391 

3,510 

1,973 

1,194 

Net  capital  gain  classes— Continued 

Net  income  classes 

30^0 

40-50 

50-75 

75-100 

100-250 

250-500 

500-1,000 

1,000  and 
over 

5-6 

2 

1 
2 
1 

6-7 

1 
1 
1 

7-8 

1 

1 

2 

23 

16 

26 

40 

347 

321 

192 

115 

66 

67 

35 

75 

26 

8 

4 

8 

2 

3 

1 

3 

1 

8-9 

9-10 

10-15 

2 

6 

9 

8 

43 

173 

141 

86 

63 

31 

30 

64 

19 

9 

12 
2 

5 

4 

21 

30 

112 

126 

98 

71 

70 

137 

43 

16 

11 

4 

5 

5 

2 

2 
1 

15-20 

20-25 

2 

25-30 

2 

30-40 

4 

8 

7 

6 

16 

27 

30 

101 

29 

7 

6 

7 

40-50 

4 
2 
2 

1 

6 

6 

88 

61 

46 

20 

26 

5 

9 

2 

8 

1 

50-60 

60-70 

1 

70-80. 

1 

80-90. 

90-100 

100-150 

1 

150-200 

2 
5 

8 
7 
9 
13 
6 
1 

200-250 

250-300 

1 

300-400. 

4 
4 

1 
2 

400-500 

1 

4 
5 
1 

500-750         

3 

750-1,000  

1,000  and  over 

7 

Total 

1,384 

698 

778 

254 

291 

53 

14 

7 

STATISTICS    OF   INCOME 


21 


Individual  returns  with  net  income  of  $-5,000  and  over,  1936,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

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


Net  capital  loss  classes 

Net  income  classes 

Aggre- 
gate 

Under 
0.1 

0.1-O.2 

0.2-0.3 

0.3-0.4 

0.4-0.5 

6-6 

11, 709 

8.873 

6,782 

5,283 

4,199 

12, 887 

5,919 

3,853 

2,455 

2,823 

1,536 

963 

651 

403 

314 

238 

534 

213 

93 

45 

51 

23 

34 

14 

19 

2,281 

1,639 

1,182 

890 

667 

1,819 

324 

459 

266 

285 

138 

97 

70 

35 

37 

19 

41 

23 

2 

5 

3 

3 

1,445 

1,091 

802 

537 

429 

1,210 

560 

310 

182 

194 

87 

61 

29 

18 

16 

9 

24 

17 

4 

1,069 

822 

612 

440 

369 

949 

424 

230 

135 

152 

68 

42 

30 

19 

6 

7 

27 

8 

4 

2 

2 

2 

1 

874 
633 
422 
356 
294 
757 
339 
176 
138 
145 
87 
41 

'I 
8 
7 

18 
8 
9 
1 
1 

707 

6-7 

504 

7-8 

368 

8-9 

285 

&-10 

225 

10-15 

671 

lS-20 

277 

20-25 

134 

25-30 - - 

100 

30-40 

103 

40-50 

60 

60-60 

34 

60-70           

20 

70-80    .... 

s 

80-90         

6 

90-100             

8 

100-150    

8 

150-200 

3 

200-250 

1 

250-300 

1 

300-400 

1 

1 

400-500.... 

1 

500-750. 

750-1,000.... 



1 
1 

1 

1,000  and  over 

Total 

69, 914 

10, 287 

7,027 

5,420 

4,339 

3,525 

Net  income  classes 

Net  capital  loss  classes- 

-Continued 

0.5-1 

1-2 

2-3 

3-4 

4 

5-6 

2,092 

1,577 

1,194 

924 

735 

2,260 

1,009 

609 

378 

425 

229 

92 

73 

57 

43 

32 

49 

26 

8 

1 

3 

2 

4 

1,654 

1,309 

1,087 

904 

679 

2,361 

1,278 

806 

493 

586 

312 

233 

131 

99 

62 

55 

130 

45 

16 

10 

9 

6 

6 

2 

2 

1,569 

1,289 

1,106 

934 

793 

2,833 

1,696 

1,123 

758 

925 

555 

362 

280 

157 

135 

101 

237 

81 

48 

25 

31 

9 

23 

10 

14 

6 
3 
3 
5 
4 
10 
4 
3 
3 
7 

12 

6-7 

6 

7-8 

6 

8-9 

8 

^10 

4 

10-15 

17 

15-20 

8 

20-25 

3 

25-30 

2 

3040 

1 

40-50 

60-60 

i 

60-70 

2 

70-80 

1 

80-90. 

1 

90-100 

100-150 

150-200  

1 
1 

1 

200-250 

250-300 

300-400 

400-600 

600-750 

750-1,000 

1,000  and  over 

2 

Total 

11,824 

12, 275 

15,094 

52 

71 

22 


STATISTICS    OF   INCOME 


Individual  returns  with  net  income  of  $5,000  and  over,  1936,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

RENTS  AND  ROYALTIES 
[Net  income  classes  and  rents  and  royalty  classes  In  thousands  of  dollars] 


Net  income  classes 

Rents  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 

31,892 

22, 427 

14, 942 

10, 997 

8.371 

23,  515 

10,  546 

5,925 

3,613 

4.220 

2.269 

1,292 

889 

583 

405 

297 

659 

215 

113 

48 

57 

34 

33 

23 

15 

5,722 

4,019 

2,709 

1,881 

1,379 

3,843 

1,488 

854 

507 

570 

317 

172 

90 

81 

52 

32 

83 

17 

12 

5 

10 

4 

5 

3 

4.563 

3,040 

1,958 

1,390 

1,132 

2,822 

1,172 

637 

406 

457 

222 

119 

81 

46 

28 

26 

51 

22 

9 

4 

5 

4 

5 

2 

1 

3,277 

2,262 

1,513 

1,095 

767 

2,103 

888 

466 

241 

288 

150 

74 

68 

46 

24 

24 

50 

18 

5 

3 

3 

2,648 

1,713 

1,057 

792 

582 

1,618 

670 

385 

232 

239 

121 

77 

46 

25 

21 

19 

40 

4 

8 

1,946 

1,337 

802 

604 

474 

1,190 

506 

279 

182 

183 

104 

63 

38 

35 

18 

8 

21 

10 

5 

1 

1 

1 

2 

4,936 

3,512 

2,277 

1,626 

1,229 

3,590 

1,572 

872 

516 

624 

319 

173 

111 

75 

61 

44 

88 

28 

12 

9 

5 

1 

3 

4 

2 

3,708 

6-7 

2,734 

7-8.... 

1,827 

8-9 

1  449 

9-10 

1  034 

10-15 

2  950 

15-20 

1,398 

20-25 

741 

25-30 

442 

30^0 

532 

40-50... 

256 

60-60   .       .  . 

166 

60-70 

126 

70-80.. 

63 

80-90 

53 

90-100         -  . 

45 

100-150         

82 

150-200 

30 

200-250 

16 

250-300.. 

5 

300-400         

2 

g 

400-500 

3 

500-750 

1 
1 

1 

5 

750-1,000 

2 

1,000  and  over 

2 

3 

Total- 

143, 380 

23,855 

18,  202 

13, 367 

10,300 

7,812 

21, 689 

17,  678 

Net  income  classes 

Rents  and  royalty  classes— Continued 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-30 

5-6 

1,628 

1,172 

808 

626 

500 

1,468 

699 

361 

225 

250 

148 

91 

63 

44 

25 

23 

41 

20 

9 

4 

4 

3 

2 

1 

1,018 

697 

504 

349 

289 

881 

428 

210 

148 

176 

111 

50 

30 

29 

21 

14 

27 

9 

6 

6 

6 

3 

719 

467 

351 

268 

194 

557 

258 

181 

105 

146 

59 

40 

33 

25 

10 

7 

29 

9 

4 

1 

1 

4 

1 

2 

1,542 

1,289 

955 

713 

577 

1,397 

705 

441 

279 

310 

187 

84 

102 

44 

28 

17 

52 

14 

12 

2 

5 

6 

3 

2 

3 

143 

134 

141 

153 

158 

829 

347 

182 

104 

146 

75 

43 

30 

6 

11 

3 

24 

10 

3 

1 

2 

1 

1 

23 

24 

22 

31 

29 

185 

269 

128 

69 

77 

34 

30 

17 

15 

11 

2 

12 

3 

3 

1 

10 

14 

9 

5 

16 

38 

83 

112 

48 

56 

32 

25 

9 

11 

5 

5 

8 

2 

1 

4 

6-7 

6 

7-8 

2 

8-9 

g 

9-10     

4 

10-15 

17 

15-20 

35 

20-25          .  . 

36 

25-30 

59 

30-40 

42 

40-50 

25 

50-60 

14 

60-70. 

10 

70-80 

3 

80-90 

3 

90-100  

3 

100-150. 

12 

150-200... 

2 

200-250 

1 

250-300. 

1 

300-400... 

400-500 

1 

1 

500-750 

750-1,000.. 

3 
3 

2 

1,000  and  over 

1 

Total 

8,215 

5,018 

3,471 

8,769 

2,547 

986 

491 

289 

STATISTICS   OF   INCOME 


23 


Individual  returns  tvith  net  income  of  $5,000  and  over,  19S6,  by  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

RENTS  AND  ROYALTIES— Continued 
[Net  income  classes  and  rents  and  royalty  classes  in  thousands  of  dollars] 


Rents  and  royalty  classes— 

Continued 

Net  income  classes 

30-40 

40-50 

50-75 

75-100 

100-250 

250-500 

500-1,000 

1.000  and 
over 

6-6 -- 

5 

4 

6 

3 

4 

14 

15 

27 

37 

88 

40 

23 

6 

14 

7 

3 

8 

7 

1 

2 

1 

6-7  

1 

1 

1 
1 

7-8                  

8-9                 

3 

3 

2 

7 

5 

7 

23 

43 

21 

11 

5 

6 

6 

7 

1 

9-10            

10-15     

7 

5 

7 

3 

10 

20 

21 

13 

10 

6 

5 

9 

4 

2 

1 

3 
1 

15-20  

20-25  

1 
2 
1 
3 
2 
3 
3 
8 
7 
6 
3 

25-30 

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

30-40 

40-50            

50-60           

60-70         

70-80 

80-90  

90-100- 

100-150          

150-200         

200-250 --- 

1 

250-300 

1 
1 

300-400 

2 

1 

1 

400-500 - 

1 
2 

1 

500-750           

1 

1 

1,000  and  over.. 

Total 

315 

152 

127 

43 

51 

3 

DIVIDENDS  ' 
[Net  income  classes  and  dividends  classes  in  thousands  of  dollars] 


Net  income  classes 

Dividend  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 - 

83, 337 

60, 959 

43,  658 

32, 868 

25,  680 

76,  214 

36,382 

20, 874 

12,  781 

14, 954 

8,001 

4,842 

3,118 

1,984 

1,427 

1,048 

2,452 

848 

399 

198 

210 

109 

116 

49 

54 

17,619 

10,  587 

6,538 

4,281 

3,002 

6,650 

2,034 

932 

439 

413 

160 

88 

62 

33 

15 

12 

25 

8 

4 

9,651 

6,003 

3,916 

2,362 

1,825 

4,248 

1,390 

558 

299 

302 

111 

65 

25 

12 

8 

5 

20 

7 

1 

6,507 

4,374 

2,725 

1,846 

1,369 

3,211 

1,120 

516 

213 

220 

93 

39 

23 

11 

15 

6 

14 

4 

5,018 

3,338 

2,156 

1,566 

1,069 

2,733 

864 

443 

173 

172 

77 

35 

22 

6 

9 

11 

3,904 

2,746 

1,879 

1,259 

904 

2,300 

787 

346 

149 

166 

69 

47 

17 

8 

7 

4 

15 

12,  612 

9,059 

6,239 

4,548 

3,264 

8,491 

2,790 

1,368 

707 

617 

266 

147 

79 

45 

34 

12 

37 

12 

4 

2 

11,  528 

6-7 

9,316 
6,911 

7-8 

8-9. -.. 

5,188 

9-10 

3,800 
10,  696 

10-15 

15-20              

4  180 

20-25     

1,916 

1,017 

972 

25-30. 

30-40 

40-50 

401 

50-60. 

216 

60-70 

106 

70-80 

66 

80-90. 

45 

90-100 

22 

100-150 

64 

150-200. 

24 

200-250 

2 

6 

250-300 

2 

7 

300-400 

2 

i 
1 

7 

400-500 

2 

3 

500-750 

750-1,000 

2 

1 

1,000  and  over 

Total 

432,  562 

52, 906 

30, 810 

22,  310 

17,  700 

14,  610 

50, 336 

66, 488 

'  "Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excepting  dividends 
received  by  partnerships  and  fiduciaries.  In  former  years  this  item  included  dividends  on  stock  of  domestic 
oorporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends 
received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within  the 
United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 


24 


STATISTICS    OF   INCOME 


Individual  returns  with  net  income  of  $5,000  and  over,  1936,  hy  net  income  classes 
and  by  size  of  selected  sources  of  income  and  loss:  number  of  returns — Continued 

DIVIDENDS  I— Continued 

[Net  income  classes  and  dividends  classes  in  tlioosands  of  dollars] 


Dividend  classes 

—Continued 

Net  income  classes 

2-3 

3-J 

4-5 

5-10 

10-15 

15-20 

20-25 

25-30 

5-6 

6,059 

5,055 

3,899 

3,070 

2,501 

7,160 

3,041 

1,441 

800 

714 

325 

152 

73 

47 

46 

22 

44 

10 

4 

2 

2 

1 

3,629 

3,323 

2,621 

2,124 

1,811 

5,504 

2,461 

1,185 

630 

600 

279 

121 

85 

47 

40 

16 

39 

6 

6 

4 

4 

1 

2 

2,514 

2,231 

1,864 

1,593 

1,376 

4,344 

2,070 

1,023 

568 

550 

244 

130 

77 

26 

22 

18 

25 

12 

1 

3 

3 

1 

1 

1 

4,078 

4,684 

4,572 

4,537 

3,960 

13,  246 

7,817 

4,165 

2,307 

2,324 

962 

516 

244 

151 

99 

47 

120 

46 

18 

5 

3 

2 

1 

143 

164 

248 

393 

688 

6,401 

4,365 

3,076 

1,806 

1,858 

861 

386 

226 

135 

84 

59 

100 

31 

9 

7 

4 

2 

46 

41 

48 

56 

66 

891 

2,659 

1,922 

1,374 

1,664 

735 

352 

183 

107 

69 

56 

101 

15 

4 

4 

3 

13 

16 

25 

25 

17 

173 

555 

1,402 

991 

1,299 

692 

336 

201 

104 

69 

49 

84 

9 

6 

i' 

4 

6-7 

7 

7-8 

7 

8-9 

6 

9-10 

6 

10-15 

67 

15-20 

122 

20-25  

390 

25-30 

880 

30-40 

1,158 

40-50 

613 

60-60  

351 

60-70  

166 

70-80 

118 

80-90 

46 

90-100 

47 

100-150 

77 

150-200     

21 

200-250  

10 

250-300 

3 

300-400 

4 

400-500 

500-750 

i 

1 
2 

1 

3 

750-1,000 

1 

1 

Total 

34, 468 

24,  538 

18, 697 

63, 905 

21, 047 

10, 400 

6,068 

4,106 

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 

6-6 

6 

8 

6 

9 

11 

51 

70 

141 

333 

1,507 

1,004 

652 

358 

178 

112 

67 

159 

41 

20 

10 

4 

1 

2 

3 

3 

6 

1 

1 

4 

17 

21 

15 

31 

87 

277 

618 

718 

487 

277 

194 

307 

62 

30 

13 

8 

2 

4 

6-7 

1 

7-8 

2 

2 

6 

22 

24 

26 

53 

296 

801 

531 

341 

182 

135 

85 

124 

32 

13 

2 

6 

1 
1 

8-9 

1 

1 

5 

4 

4 

4 

20 

11 

20 

19 

28 

60 

111 

684 

440 

191 

50 

38 

19 

15 

2 

2 

9-10 -. 

10-15 

4 

7 

5 

7 

13 

20 

39 

92 

193 

234 

211 

391 

59 

21 

11 

10 

2 

3 

2 

15-20 

1 

20-25 

25-30 

30-40 

2 

40-50 

50-60 

1 
1 

60-70 

70-80 

80-90 

1 

1 

9 

7 

47 

69 

107 

58 

23 

5 

6 

90-100 .- 

100-150 

2 

1,')0-200 

1 

200-250 

1 
3 
1 

12 
58 
26 

7 

250-300 

300-400 

1 

400-500 

2 

500-750 

2 

750-1,000... 

g 

1,000  and  over 

1 

1 

2 

32 

Total 

4,751 

2,687 

3,185 

1,326 

1,729 

339 

110 

46 

For  footnote,  see  p.  23. 


STATISTICS    OF   INCOME  25 

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

The  profit  and  loss  from  business  (sole  proprietorship)  reported  on 
returns,  Form  1040,  with  net  income  of  $5,000  and  over,  are  classified 
in  the  following  table  according  to  nature  of  business. 

For  businesses  with  information  in  schedule  A,  there  are  shown  the 
number  with  profit  and  with  loss,  total  receipts,  labor  and  salaries, 
profit  or  loss.  For  businesses  without  information  in  schedule  A, 
and  for  all  businesses,  there  are  presented  the  total  number  with  profit 
or  with  loss  and  the  amount  of  profit  or  loss. 

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,  deprecia- 
tion, 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. 

Basic  table  8,  pages  102-107,  contains,  for  each  industrial  group,  a 
frequency  distribution  of  the  number  of  businesses  and  the  profit  or 
loss  from  business  by  size  of  profit  or  loss. 

The  following  table  and  basic  table  8  exclude  (1)  income  from 
partnerships  reported  in  item  7  on  face  of  return.  Form  1040,  (see  p. 
152),  (2)  salaries,  wages,  fees,  commissions,  etc.,  reported  in  item  1  on 
face  of  return,  and  (3)  business  profits  or  losses  reported  on  returns 
with  net  income  of  less  than  $5,000. 


26 


STATISTICS    OF   INCOME 


Individual  returns  with  net  income  of  $5,000  and  over  with  business  (sole 
loss:  number  of  businesses,  total  receipts,  labor  and  salaries, 

[Money  figures  in 


Industrial  groups 


Agriculture  and  related  industries.. 

Mining  and  quarrying 

Manufacturing: 

Food  and  kindred  products 

Liquors  and  beverages  (alcoholic  and 
nonalcoholic) 

Tobacco  products 

Textiles  and  their  products 

Leather  and  its  manufactures 

Rubber  products... 

Forest  products 

Paper,  pulp,  and  products 

Printing,  publishing,  and  allied  indus- 
tries  

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: 

Retail 

Wholesale 

Wholesale  and  retail , 

Total  trade 

Service: 

Domestic — Laundries,  hotels,  restau- 
rants, etc... - , 

Amusements 

Curative  (medicinal  and  all  other) , 

Educational 

Engineering 

Legal. 

All  other. 

Total  service 

Finance: 

Investment  brokers... 

Real  estate — 

All  other 

Total  finance , 

Nature  of  business  not  given 

Grand  total  1936 , 

1935 , 

1934 

1933. 

1932 

1931 

1930 

1929 

1928 

1927 


Businesses  with 

All  businesses 

information  in 

Schedule  A 

Profit 

Number 

Num- 
ber 

with 
loss 

with 

Profit 

Loss 

profit 

Num- 

Total re- 

ber 

ceipts 

12, 705 

69,  215 

8,161 

25,  735 

10,  559 

238, 480 

1,312 

14,  090 

311 

1,972 

938 

40, 168 

1,485 

13,  766 

55 

130 

1,336 

158,  054 

337 

3,434 

19 

34 

311 

27, 917 

39 

309 

2 

34 

32 

3,465 

1,200 

11.241 

53 

150 

1,109 

148, 873 

123 

1,  254 

11 

11 

112 

18,  263 

34 

302 

6 

2 

30 

4,826 

567 

5,189 

43 

91 

487 

46.  356 

no 

882 

5 

54 

101 

7,094 

1,011 

7,860 

85 

219 

896 

46, 496 

275 

4,008 

28 

58 

245 

18.  466 

267 

2,745 

14 

67 

242 

16,  427 

1,231 

12,  566 

59 

110 

1,130 

85,  059 

933 

10,  220 

85 

315 

835 

81,  700 

7,612 

73,  776 

465 

1,273 

6,866 

662, 996 

4,148 

36,  241 

146 

379 

3,630 

293,  530 

1.961 

15,  684 

126 

384 

1,752 

104,  995 

28,  949 

204, 464 

1,798 

3,519 

25,  557 

2,  203,  698 

4,822 

44,  537 

197 

484 

4,392 

928,  204 

747 

6,423 

23 

39 

688 

104,  000 

34,  518  _ 

255.  425 

2,018 

4,042 

30,  637 

3,  235,  902 

3,760 

24,  509 

307 

892 

3,442 

171, 804 

1,647 

13. 877 

307 

1,  505 

1,407 

56,  659 

28,  351 

220. 450 

555 

627 

25,  892 

359, 436 

2,011 

17. 343 

303 

381 

1,709 

36, 055 

2,078 

15,  870 

285 

589 

1,796 

35, 432 

13,303 

113, 190 

728 

933 

11,032 

152, 180 

4,934 

38,  773 

229 

306 

4,405 

118,066 

56,084 

444,011 

2,714 

5,233 

49, 683 

929, 631 

1,206 

16, 112 

143 

734 

969 

172, 871 

1,986 

12, 835 

376 

1,251 

1,679 

28, 426 

4,667 

35, 841 

217 

666 

3,941 

97, 470 

7,859 

64,  788 

736 

2.651 

6,589 

298, 766 

6, 320 

48,  378 

1,083 

3,455 

4,460 

302, 701 

132, 519 

1,021.608 

1.5, 760 

45, 125 

115,114 

6, 107, 169 

89, 714 

687,  467 

11,323 

33,713 

75,511 

3,  813,  750 

73, 889 

568.  689 

9.969 

29, 753 

64,  603 

3,  222, 239 

49, 740 

393. 315 

7.970 

26,  791 

43,127 

2, 414, 325 

45, 547 
97,  779 

354, 488 

766,  730 
1,21.5.452 

154. 640 

228, 475 

1, 836,  329 

220. 159 

1, 772, 2.55 
1, 704, 175 

212,919 

'  All  salaries  and  wages  paid,  which  were  tabulated  separately  for  1933-35. 
>  Less  than  $500. 


STATISTICS   OF   INCOME 


27 


proprietorship) ,  1936,  by  industrial  groups  and  hy  businesses  with  profit  or 
profit  or  loss;  also  grand  totals  for  certain  items  for  prior  years 

thousands  of  dollars] 


Businesses  with  information  in  Schedule  A— Continued 

Businesses  without  information  in 
Schedule  A 

Proiat 

Loss 

Number 
with 
profit 

Profit 

Number 
with 
loss 

Labor 

and 

salaries  • 

Profit 

Number 

Total  re- 
ceipts 

Labor 

and 

salaries ' 

Loss 

Loss 

35,  314 
5,934 

60, 683 
11,034 

7,004 
224 

35, 461 
2,  487 

14, 710 

802 

23, 114 
1,619 

2,146 
374 

8,532 
3,056 

1,157 
87 

2,621 
353 

21,  658 

3,434 

659 

41, 252 

3,927 
972 

9,568 

1,734 

14,  298 
2,756 
3,647 
21,  286 
19,  867 

12,811 

3,324 

267 

10,  578 

1,202 
295 

4,624 
855 

7,182 
3,770 
2,510 
11,862 
9,337 

47 
13 

,1 

7 

4 

36 

5 

66 
21 
13 
55 
73 

3,159 
930 

342 
139 

122 

31 

1 

127 

10 

1 

80 

54 

197 
48 
62 
106 
285 

149 

26 
7 

91 

11 
4 

80 
9 

115 
30 
25 

101 

98 

955 

110 
41 

663 

63 

6 

664 
27 

677 
238 
235 
704 
883 

8 

6 
1 
12 
4 
2 
7 

8 

4 
32 

2,714 
59 
33 

1,005 
597 

1,471 

526 

699 

1,094 

1,745 

716 

34 

13 

265 

262 

613 
67 
235 
338 
664 

23 
1 

11 

19 
7 
1 
4 

12 

23 

10 

5 

4 

30 

145,  058 

68,  618 

382 

14,  031 

3,687 

1,123 

746 

6,157 

83 

150 

72,  333 
21,  271 

32,  882 
14,419 

116 
105 

1,763 
2,091 

501 
416 

294 

278 

518 
209 

3,359 
1,265 

30 
21 

84 
106 

200,  395 

40,  595 

7,749 

187,  959 

41,436 

6,098 

1,368 

175 

18 

44, 651 

13,  973 

1,022 

6,534 

1,079 

64 

2,956 

468 

36 

3,392 

430 

59 

16,506 

3,101 

325 

430 

22 

5 

664 
17 
3 

248, 740 

235, 493 

1,561 

59,  647 

6,677 

3,459 

3,881 

19,  932 

457 

583 

39,  889 
11,035 
46,  865 
8,031 
9,458 
24, 139 
24, 116 

22, 918 
11,834 
206, 134 
15,  702 
14,  227 
96,  742 
34,  892 

269 
238 
475 
240 
214 
602 
173 

4,148 
2,020 
1,959 
433 
1,249 
1,255 
1,009 

1,306 
809 
841 
176 
471 
850 
325 

852 
1,197 
550 
320 
469 
823 
220 

318 
240 

2,459 
302 
282 

2,271 
529 

1,591 
2,044 

14,315 
1,641 
1,643 

16,  447 
3,881 

38 
69 
80 
63 
71 
126 
56 

41 
308 

76 

61 
119 
110 

86 

163,  533 

402,  449 

2,211 

12,  673 

4,778 

4,432 

6,401 

41,  662 

503 

801 

3,283 
4,542 
18, 462 

13.053 
10.  981 
30, 397 

104 
309 
168 

3.334 
3,133 
8,873 

356 
651 
430 

598 

1,110 

470 

237 
307 
726 

3,059 
1,854 
6,444 

39 

67 
49 

136 

141 
196 

26,  287 

54, 432 

581 

15,  340 

1,438 

2,177 

1,270 

10,  356 

155 

474 

39,  262 

36.  921 

695 

12,  595 

2,429 

2.288 

1,860 

11,  458 

388 

1,167 

757,  732 
484.  470 
456, 334 
359. 365 

916.  930 
583.  203 
499.  700 
347,  615 

12.  879 
8,726 
7,944 
6,374 

156. 087 
95.  745 
99. 985 

111,489 

35,  438 

21,  742 
26.  337 

22,  223 

38,784 
22.  098 
20, 927 
22,  248 

17,  405 
14.  203 
9.286 
6,613 

104,  678 
104, 264 
68. 989 
46,200 

2,881 
2.  597 
2,025 
1.696 

6,340 
11,615 
8,826 
4,543 

83167—38- 


28  STATISTICS   OF   INCOME 

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

Wholly  tax-exempt  obligations  consist  of  securities  the  interest  on 
which  is  wholly  exempt  from  the  normal  income  tax  and  surtax  of  the 
Federal  Government.  Partially  tax-exempt  obligations  comprise  se- 
curities the  interest  on  wliich  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.  Dur- 
ing the  calendar  year  1936,  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,  Treasury 
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  pohtical  subdivision  thereof,  or 
the  District  of  Columbia,  and  (3)  obligations  of  United  States  pos- 
sessions. Partially  tax-exempt  obhgations  were  United  States  sav- 
ings bonds,  Treasury  bonds,  and  obligations  of  instrumentahties  of 
the  United  States  other  than  obligations  issued  under  Federal  Farm 
Loan  Act,  or  such  act  as  amended . 

The  tabulation  presented  herewith  shows,  for  returns  with  net 
income  of  $5,000  and  over,  the  wholly  and  partially  tax-exempt 
obligations  owned  as  of  the  end  of  the  year,  and  the  total  wholly  and 
partially  tax-exempt  interest  received  or  accrued  during  the  year, 
segregated  by  nature  of  obligation  and  by  net  income  classes.  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  owned,  representing  the  pro  rata  share 
of  the  member  of  the  partnership  or  beneficiary  of  the  estate  or  trust 
in  the  principal  owned  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  Government  obligations,  etc.,  reported  on  the  face  of  the  return 
for  tax  computation. 

Inasmuch  as  Liberty  ZVo  percent  Bonds  and  Liberty  4  and  4%  per- 
cent bonds  are  matured  obligations  on  which  interest  has  ceased, 
data  concerning  these  obligations  are  no  longer  included  in  this  table. 


STATISTICS    OF   INCOME 


29 


Individual  returns  with  net  income  of  $5,000  and  over  and  with  wholly  and  partially 
tax-exempt  Government  obligations,  1936,  by  net  income  classes  and  by  each  type  of 
obligation:  amount  owned  and  interest  received 

[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 

Obliga- 
tions of 
States 
and  Ter- 
ritories or 
political 
subdivi- 
sions 
thereof 

and 
United 
States 
posses- 
sions 

Obliga- 
tions 

issued 
under 

Federal 
Farm 
Loan 
Act 

Treasury 

notes. 
Treasury 
bills, 
and 
Treasury 
certifi- 
cates of 
indebt- 
edness ' 

Total 

United 

States 
savings 

bond& 

and 

Treasury 

bonds 

Obliga- 
tions of 
certain 
Instru- 
mentali- 
ties of  the 
United 
States' 

6-6 

164,  749 

144,070 

120,230 

127, 810 

101,093 

93. 122 

85,733 

86,  915 

78,051 

65,  763 

349.231 

277, 102 

221,  380 

373, 171 

244, 494 

2Q7, 893 

179, 863 

134,  504 

109,  599 

102, 276 

344, 324 

215, 965 

140,  989 

139.  191 

97.431 

83,720 

162,  420 

92,  448 

50,698 

36, 689 

119, 184 

973 

6 

86, 125 

77,473 

66.  558 

75,240 

65,  508 

60,052 

49, 683 

50, 878 

47. 321 

38, 828 

236, 357 

194,  301 

152,  50S 

273.857 

193,  225 

170,  896 

147, 453 

115,638 

94,043 

89, 327 

294, 447 

201.  992 

131.  757 

133. 036 

94,  229 

78, 648 

158,  784 

91,  758 

50,416 

36, 683 

119,  175 

973 

62, 255 

54,648 

47,079 

66,  566 

39, 792 

34, 792 

36,583 

37,  574 

33, 007 

29, 623 

176. 068 

148. 110 

118,051 

206,711 

141,  552 

120, 034 

106.  767 

80.  515 

69, 978 

65, 145 

197, 60S 

151,078 

86, 473 

108, 637 

58, 049 

50, 345 

111,739 

67.218 

31.019 

9,067 

30,  055 

8,630 
10,408 
8.570 
7,930 
7,272 
5.790 
4.945 
5.277 
6.062 
3,740 
22,  201 
17,093 
13, 319 
24,650 
15,  591 
14. 391 
9,763 
10, 865 
7,498 
8, 008 
32,027 
9.753 
8.655 
3.333 
6.855 
3, 457 
9,959 
2,573 
515 

15,240 

12,416 

9,909 

10,  746 

8,444 

9,470 

8.155 

8.027 

8,253 

5,465 

38. 089 

29. 098 

21. 139 

42. 496 

36.082 

36.472 

30,923 

24,259 

16.  567 

16. 174 

64.  812 

41. 161 

36.  630 

21.005 

29, 324 

24.846 

37.085 

21.  907 

18.  881 

27,  617 

88,746 

973 

78, 624 
66,  597 
54,672 
62.  570 
45,585 
43. 070 
36, 050 
36, 037 
30,  729 
26. 935 
112,874 
82,  801 
68, 871 
99.313 
51.  269 
36. 997 
32.410 
18.  865 
15,  556 

12,  949 
49,  877 

13,  973 
9,231 
6,155 
3.202 
5.072 
3.636 

690 

283 

5 

9 

69.  727 

59.202 

48.  555 

46.443 

40.  796 

38,683 

32. 134 

32.  974 

27,  491 

23,785 

103,  849 

74,  566 

62.  347 

90.669 

46,  883 

33, 771 

30.  307 

17. 702 

14.  761 

12,048 

47, 832 

13,  402 

8.469 

5.717 

2.201 

4,955 

3,333 

487 

260 

6 

g 

8,897 
7,395 

6-7 - 

7-8 

6,117 

8-9 

6, 126 

»-10       

4,789 

10-11  

4.386 

11-12     

3,916 

12-13     

3,063 

13-14   

3,238 

14-15 

3,149 

15-20 

9.026 

20-25     

8,235 

25-30     - 

6,524 

30-40  -- 

8,644 

40-50   

4,387 

50-60 - 

3,226 

60-70 

2,103 

70-80     

1,163 

80-90     

795 

90-100 -. 

902 

100-150 

2,046 

150-200. 

670 

200-250 

762 

250-300       

438 

300-400 

1,001 

400-500 

117 

500-750.. 

303 

760-1,000    

203 

1,000-1.500 

23 

1.500-2.000 

2,000-3,000 

374 

3,000-4  000 

4,000-.'),000 

5 

5 

6,000  and  over 

Total 

4,  751. 084 

3. 656, 171 

2,  566. 138 

289,  502 

800,531 

1,094,913 

993. 369 

101,644 

For  footnotes,  see  p.  30. 


30 


STATISTICS    OF    INCOME 


Individual  returns  with  net  income  of  $5,000  and  over  and  with  wholly  and  partially 
tax-exempt  Government  obligations,  1936,  by  net  income  classes  and  by  each  type  of 
obligation:  amount  owned  and  interest  received — 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 

Obliga- 
tions of 
States 
and  Ter- 
ritories or 
political 
subdivi- 
sions 
thereof 

and 
United 
States 
posses- 
sions 

Obliga- 
tions 

issued 
under 

Federal 
Farm 
Loan 
Act 

Treasury 

notes. 
Treasury 
bills, 
and 
Treasury 
certifi- 
cates of 
indebt- 
edness " 

Total 

United 
States 
savings 
bonds 
and 
Treasury 
bonds  3 

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

5-6 

8,180 

7,  565 

6,273 

6,825 

5,408 

5,121 

4,733 

4,539 

.  4,828 

3,532 

18,  772 

18,  245 

13, 198 

22, 118 

14, 925 

12,  503 

11,430 

9,911 

6,  595 

7,108 

19, 497 

11,991 

9,365 

6,108 

5,289 

4,051 

8,702 

4.069 

3, 359 

1,175 

2,804 

54 

289 

5,  254 

4,868 

4,132 

4,728 

3,692 

3,520 

3,341 

3,138 

3.312 

2,514 

14. 388 

14. 795 

10,  526 

18. 156 

12. 901 

11,001 

10, 229 

9,122 

5, 999 

6,644 

17, 682 

11,462 

9,005 

5,891 

4,928 

3,880 

8,582 

4,049 

3,350 

1,175 

2,804 

54 

289 

4,096 

3,741 

3,067 

3.676 

2,850 

2.772 

2,663 

2,493 

2,729 

2,077 

11,563 

12, 088 

8,870 

15, 126 

10,  648 

8,821 

8.611 

7,445 

5,118 

5, 682 

14.339 

9,273 

7,299 

5,177 

3.919 

3. 058 

7,303 

3,453 

2,560 

700 

1,271 

41 

263 

391 
.521 
436 
333 
349 
312 
283 
251 
'248 
179 

1,096 

1,482 
639 

1,167 
825 
805 
540 
532 
312 
370 

1,272 
444 
526 
127 
243 
141 
278 
81 
57 

767 

606 

629 

720 

493 

437 

396 

393 

335 

257 

1,730 

1,225 

1,016 

1,863 

1,428 

1,375 

1,079 

1,145 

568 

,591 

2,071 

1,744 

1,181 

587 

766 

681 

1,001 

515 

733 

475 

1,520 

13 

19 

2,926 

2,698 

2,141 

2,097 

1,716 

1,600 

1,392 

1,401 

1.515 

1.019 

4,383 

3,  450 

2,672 

3, 963 

2,024 

1,502 

1,  201 

789 

595 

464 

1,815 

529 

360 

217 

361 

172 

120 

20 

9 

0) 

(') 

2,  587 

2.246 

1,878 

1,766 

1.514 

1,415 

1,210 

1,256 

1,352 

899 

3. 966 

3,108 

2,350 

3,592 

1,821 

1,318 

1,069 

685 

555 

427 

1,721 

484 

317 

201 

313 

167 

109 

17 

8 

(') 

(') 

339 

6-7 

7-8 - - 

451 
263 

8-9 -- 

331 

9-10     

202 

10-11 

186 

11-12 - 

182 

12-13              - 

145 

13-14           

163 

14-15     

119 

16-20 

417 

20-25 - 

342 

25-30 

323 

30-40  

371 

40-50 

203 

50-60 

184 

60-70     

131 

70-80 

104 

80-90 - 

40 

90-100         

37 

100-150  

94 

150-200 

46 

200-250 

43 

250-300 

16 

300-400 

4S 

400-500 .- 

6 

600-750       

12 

750-1,000  - 

4 

1,000-1,500 

1 

1  500-2,000 

2,000-3,000 

13 

(') 

3,000-4,000 

4,000-5,000 

7 

(») 

(') 

6,000  and  over 

Total 

268, 564 

225, 412 

182, 793 

14,  260 

28,359 

43, 152 

38,  352 

4,800 

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

'  Includes  obligations  of  instrumentalities  of  the  United  States  other  than  obligations  issued  under  Fed- 
eral Farm  Loan  Act,  or  such  act  as  amended. 

'  Includes  interest  received  on  a  principal  amount  not  in  excess  of  $5,000  which  is  wholly  exempt  from 
income  taxes.  (See  line  (e),  column  3,  schedule  D,  Form  1040,  p.  153.)  The  amount  of  such  interest  re- 
ceived 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.  11  and  basic  table  7  on  p.  99. 

<  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,  schedu'e  D.  Form 
1040,  p.  153.)  The  amount  of  such  interest  received,  which  is  reported  on  the  face  of  the  return  f  r  tax  com- 
putation, is  tabulated  in  "Taxable  interest  on  partially  tax-e.xempt  Government  obligations"  in  the  text 
table  on  p.  11  and  in  basic  table  7  on  p.  99. 

»  Under  $600. 

RETURNS  ON  FORM  1040  WITH  NO  NET  INCOME 

As  noted  on  page  2,  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  accord- 


STATISTICS    OF   II^COME 


31 


ance  with  the  statiitoiy  requirements  that  every  individual  with 
gross  mcome  of  $5,000  and  over,  irrespective  of  the  amount  of  net 
income  or  deficit,  file  an  income  tax  return.  Tabulations  prepared 
from  these  returns  by  deficit  classes  and  by  sources  of  income  and 
deductions  are  shown  below.  The  distribution  of  the  returns  by 
States  and  Territories  and  more  detailed  tabulation  of  the  sources 
of  mcome  and  deductions,  by  deficit  classes  are  shown  in  basic  tables  10 
and  11,  pages  133-134. 


Individual  returns,  Form  IO4O,  with  no  net  income,  1936,  hy  deficit  classes:  number 
of  returns,  deficit,  and  totals  for  1932-36 

[Deficit  classes  and  money  figures  in  thousands  of  dollars] 


Deficit  classes 

Number 
of  returns 

Deficit 

63, 416 

5,135 

3,075 

965 

410 

113 

1C3 

31 

17 

7 

76, 107 

6-10                                                      --- 

35,  791 

10-25                                                    

46,  769 

25-50 --- 

32, 923 

50-100                                                          --- 

28, 170 

100-150                                                        --     - - 

13,912 

150  300                                                        ..     - 

21, 399 

300-500                

11,485 

500-1,000             ...  - 

11,561 

1  000  and  ove'"                                                                    - 

8,513 

Total  1936 

73,  272 
94,  609 
104, 170 
168.  449 
206,  293 

286,  632 

1935                           

381.  353 

1934                                        

412.  859 

1933                                           

1,141,331 

1932                                    .     

1,  480, 922 

Individual  returns,  Form  IO4O,  with  no  net  income,  1936:  sources  of  income  and 

deductions,  and  deficit  * 


Sources  of  income  and  deductions 


Sources  of  income- 

Salaries,  wages,  commissions,  fees, 

etc 

Business  profit 

Partnership  profit  2 

Net  capital  sain  3.. 

Rents  and  royalties 

Dividends  on  stock  of  domestic  and 

foreign  corporations  < 

Income  from  fiduciaries  2 

Taxable  interest  on  partially  tax-ex- 

em.pt  Government  obligations  '.. 

other  taxable  interest 

Other  income  ^ 

Total  income 


.Amount 
(thou- 
sands of 
dollars) 


57, 036 
22,729 
9,450 
22.  497 
42, 091 

54, 156 

8,73S 

1.322 
22,  017 
8,493 


248,  530 


Sources  of  income  and  deductions 


Deductions: 

Business  loss 

Partnership  loss  2.. 
Net  capital  loss  3.. 

Interest  paid ' 

Taxes  paid ' 

Contributions 

Other  deductions.. 

Total  deductions 

Deficit.. 


.\mount 
(thou- 
sands of 
dollars) 


90,070 
28, 190 
14,  845 
48,189 
38, 850 
3,753 
311,  263 


.535, 161 


286, 632 


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

»  For  definition  of  capital  assets  and  amounts  of  net  capital  gain  and  loss  taken  into  account  for  tax  pur- 
poses, see  text,  p.  8,  and  synopsis  of  laws,  pp.  144-145. 

*  "Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excepting  dividends 
received  bv  partnerships  and  fiduciaries.  In  former  years,  t  his  item  included  dividends  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends 
received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within  the 
United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 

'  Interest  received  on  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  5  and  25,  Form  1040,  p.  152.) 

»  Excludes  dividends  received  on  stock  of  domestic  corporations  not  subject  to  taxation  under  Title  I 
of  the  Revenue  .\ct  of  1936  and  on  stock  of  foreign  corporations.  In  former  years,  dividends  received  from 
these  two  tvpes  of  corporations  were  tabulated  as  "other  income,"  except  in  so  far  as  included  in  partnership 
and  fiduciary  income,  and  until  1934  except  in  so  far  as  received  from  foreign  corporations  deriving  more 
than  half  their  eross  income  from  sources  within  the  United  States.    See  footnotes  2  and  4, 

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


32 


STATISTICS   OF   INCOME 


NUMBER  OF  RETURNS  BY  COUNTIES',  CITIES,  AND  TOWNS 

The  statistics  showing  the  number  of  individual  income  tax  returns 
for  1936  by  counties,  cities,  and  towns  having  a  population  of  1,000 
and  over,  are  issued  in  a  separate  mimeographed  bulletin  entitled 
"Individual  Income  Tax  Returns  for  1936 — Number  of  Returns  by- 
States,  by  Counties,  and  by  Cities  and  Towns,"  which  was  released 
in  May  1938.  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.  160)  is,  however,  required  to  be 
filed. 

The  number  of  partnership  returns  filed  for  1917  through  1936  is 
as  follows: 


Year:  Number 

1917 31,701 

1918 100,728 

1919 175,898 

1920 . 240,767 

1921 259,359 

1922__ __ 287,959 

1923 304,996 

1924. 321,158 

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 

1936 237,367 


HISTORICAL  SUMMARIES  (INDIVIDUAL  RETURNS) 

A  resum^  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  1926  through  1936,  showing  number,  net  income,  and 
tax,  are  tabulated  as  a  section  of  basic  table  9,  pages  108-132. 


STATISTICS    OF   INCOME 


33 


Individual  returns,  1913-36:  number  of  returns,  net  income,  tax  before  credits,  tax 

credits,  and  tax  ' 

[Money  figures  in  thousands  of  dollars] 


Number  of  returns 

Year 

Total 

Taxable 

Nontaxable 

Percent  of  total 

Net  ineome 

Tax- 
able 

Non- 
taxable 

1913 

357,  598 
357,  515 
336, 652 
437, 036 
3,472,890 
4,425,114 
5, 332,  760 
7,  259, 944 
6,662,176 
6,  787, 481 
7, 698,  321 
7,369,788 
4,171,051 
4, 138, 092 
4, 101,  547 
4, 070, 851 
4, 044, 327 
3, 707,  509 
3,  225, 924 
3,  877,  430 
3,  723,  558 
4, 094, 420 
4,575,012 
5, 413, 499 

3,900,000 
4, 000, 000 

1914 

1915 

4,600  000 

1916 

362, 970 

2,  707, 234 
3, 392,  863 

4,  231, 181 

5,  518,  310 

3,  589,  985 
3, 681,  249 

4,  270, 121 
4, 489, 698 
2,  501,  166 
2, 470, 990 
2, 440,  941 
2,  523, 063 
2, 458, 049 
2, 037, 645 
1,  525, 546 
1, 936, 095 
1,  747,  740 
1,  795, 920 
2,110,890 
2,861,108 

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 
2, 552, 391 

83 
78 
77 
79 
76 
54 
54 
65 
61 
60 
60 
59 
61 
61 
65 
47 
50 
47 
44 
46 
63 

17 
22 
23 
21 
24 
46 
46 
45 
39 
40 
40 
41 
39 
39 
45 
53 
60 
53 
56 
54 
47 

6,  298, 578 
13,  652, 383 

1917 

1918 

15,  924, 639 

1919 

19,  859, 491 

1920 

23,  735,  629 

1921 

19, 677,  213 

1922 

21,  336, 213 

1923  3 

24, 777, 466 

1924. 

25, 656, 153 

1925. 

21, 894,  576 

1926 

21, 958, 508 

1927 

22,  545, 091 

1928 

25,  226, 327 

1929 

24, 800,  736 

1930 

18,118,635 

1931 

13, 604, 996 

1932 

»  11,655,909 

1933 

11,008,638 

1934 

12,  796, 802 

1935 

14, 909, 812 

1936. 

19, 240, 110 

1  Changes  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
individuals  are  summarized  on  pp.  138-145.  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. 

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

•  Revised.    (See  Statistics  of  Income  for  1935,  Part  1,  p.  3,  footnote  6.) 


34 


STATISTICS   OF   INCOME 


Individual  returns,  1913-86:  number  of  returns,  net  income,  tax  before  credits,  tax 
credits,  and  tax  i — Continued 

[Money  figures  in  thousands  of  dollars] 


Tax  before  tax  credits 

Tax  credits 

Year 

Normal 
tax 

Surtax 

Tax  on 
capital 
net  gain, 
WA  per- 
cent 

Total 

25  per- 
cent of 
tax  on 
earned 
net  in- 
come 2 

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

Total 

Taxi 

1913 

12,  729 
16,  559 
23,  990 
51,441 
156,  897 
476,  433 
468, 105 
478, 250 
308, 059 
355,  410 
378, 388 
257,  795 
216,  360 
200, 599 
215,817 
281, 895 
162, 332 
129, 475 
82,  302 
156,  606 
164,  277 
123,  261 
152, 814 
330, 197 

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 
883, 820 

28, 254 

41,  046 

67,  944 

173,387 

<  795,  381 

1, 127,  722 

1,  269, 630 

1,075,054 

719,  387 

861,057 

882,  222 

743, 939 

766,  784 

761,440 

861,  582 

1,  204, 170 

1, 029,  379 

511,713 

287, 803 

401,877 

425,  019 

511,400 

657, 439 

1,214,017 

28,  254 

1914 

41,046 

1915 

67,  944 

1916 

173,  387 

1917 

*  795,  381 

1918 

1, 127, 722 

1919 

1,  269, 630 

1920 

1,  075,  054 

1921 

719, 387 

1922 

31,066 

38,916 

48,  603 

117,571 

112,510 

134, 034 

233,  451 

284,  654 

65, 422 

19,  423 

6,039 

16, 435 

861, 057 

1923  3 

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

661, 665 

1924 

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

9,036 

7,659 

4,322 

6,028 

5,126 

5,378 

10, 112 

24, 185 

71,915 

50, 899 

704,  265 

1925 

734,  555 

1926 

732, 475 

1927  

830, 639 

1928 -. 

1, 164,  254 

1929 

1, 001, 938 

1930 

476,  715 

1931 

246, 127 

1932 

329, 962 

1933 

374, 120 

1934  . 

511, 400 

1935 

657, 439 

1936 

1,  214, 017 

•  See  footnote  on  p.  33. 

'  See  limit  of  credit,  p.  145. 

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

« Includes  war  excess-profits  taxes  of  $101,249,781  on  individuals  and  of  $103,887,984  on  partnerships. 

•  25  percent  reduction  provided  by  sec.  1200  (a)  of  Revenue  Act  of  1924. 


Individual  returns,  1914-36,  by  net  income  classes:  number  of  returns 


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 
1,337,116 

3-5 

149,  279 

127, 448 

58,  603 

14, 676 

5,161 

1,189 

769 

216 

114 

60 

127, 994 

120, 402 

60,  284 

17, 301 

6,847 

1,793 

1,326 

376 

209 

120 

157, 149 

150, 553 

80, 880 

23,  734 

10, 452 

2,900 

2,437 

714 

376 

206 

6-10 

455, 442 
171, 830 

10-25 

25-50 

38,  548 

60-100.. 

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 

'  429, 401 

3, 472, 890 

4,425,114 

5,  332,  760 

7,259,944 

'  Changes  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
individuals  are  summarized  on  pp.  138-145.  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  througli  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. 


STATISTICS   OF   INCOME  35 

Individual  returns,  1914-36,  hy  net  income  classes:  number  of  returns^ — Continued 


Net  income  classes 
(Thousands  of  dollars) 


1921 


1922 


1923  » 


1924 


1925 


1926 


1927 


Under  1 

1-2 

2-3 

3-5 

5-10 

10-25 

25-50 

50-100 

100-150.. , 

150-300 

300-500........ 

500-1,000 

1,000  and  over. 

Total... 


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,  209, 345 

567, 700 

252, 079 

60, 123 

22, 573 

5,261 

3,873 

1,141 

557 

290 


6,  662, 176 


6, 787, 481 


7,  698, 321 


7, 369,  788 


4, 171, 051 


4, 138,  092 


4, 101, 547 


Net  income  classes 
(Thousand.s  of  dollars) 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


Under  1 

1-2 

2-3 

3-5 

5-10 

10-25. 

25-50 , 

60-100 

100-150 , 

150-300 , 

300-500 

500-1,000 

1,000  and  over. 

Total- -. 


Ill,  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 

102, 892 

20,  931 

6,093 

982 

690 

116 

86 

33 


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 

1936 

Under  1 

299,  594 

1, 777, 931 

1, 123, 699 

873,  673 

339,  842 

123,  564 

26, 029 

8,033 

1,395 

896 

206 

109 

41 

277, 803 
2  HI  789 

1-2 

2-3 

1,317,752 

1, 029, 144 

440, 886 

176, 649 

41, 137 

3-5 

5-10 

10-25 

25-50 

60-100 

13, 620 
2,608 
1,544 

100-150 

150-300 

300-500     

330 

600-1,000 

178 

1,000  and  over 

61 

Total 

4,575,012 

5,  413, 499 

>  See  footnote  at  bottom  of  p.  34. 

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


36 


STATISTICS   OF   INCOME 


Individual  returns,  1916-36,  by  net  income  classes:  net  income 

[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 

2,115,885 

1, 827,  508 

1, 687, 1G6 

1, 042, 320 

846, 894 

400,  492 

474,  6.52 

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 

4,  500,  558 

6-10    

2,  641, 905 

10-25  

2, 255, 872 

25-50  

1, 208, 274 

50-100  

805.  224 

100-150.. 

260,  204 

150-300 

266,  814 

300-500     

116,  672 

BOO-1,000 

107, 671 

1,000  and  over 

464,2 

34 

141, 387 

Total 

6, 298,  5 

13, 652,  383 

15, 924,  639 

19, 859,  491 

23,  735,  629 

19,  577, 213 

21,  336, 213 

Net  income  classes 

1923' 

1924 

1925 

1926 

1927 

1928 

Under  1 

252,  513 

3.  693.  642 

6.  073,  444 

6.  469. 195 

2.  653,  026 

2, 53S.  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 

672.  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-fi 

4,  648.  098 

6-10 

4.  282.  520 

10-25 

4,  037,  853 

25-50.. 

2,  326,  503 

60-100- 

1,  857, 878 

100-150 

850,  451 

160-300. 

1, 157, 131 

300-500 

663,  900 

600-1,000 

670,  862 

l.OOOandover 

1, 108, 863 

Total 

24,777,466 

25, 656, 153 

21,894,676 

21, 958, 506 

22. 545, 091 

26, 226, 327 

Net  income  classes 

1929 

1930 

1931 

1932 

1933 

1934 

Under  1 

73,  742 

1,  499,  908 

1,958,595 

4,  572,  596 

4,  481. 576 

4, 025,  233 

2, 174,  468 

1, 646,  476 

770. 536 

1,087.410 

628,  229 

669.  878 

1, 212,  099 

86,  892 

1,494,526 

1,864,162 

4, 151.  967 

3,  723,  763 

2, 922,  750 

1, 383,  619 

919,  040 

374, 171 

419.016 

207.  131 

211,693 

359,  905 

106, 622 

1, 399.  430 

1,641,594 

3,  515,  716 

2,  807, 001 

2, 006.  721 

820, 648 

628, 049 

196,  598 

212. 059 
102.  186 
102,311 

166. 060 

231, 140 

2,145,834 

2,  437.  251 

»  2,  597,  915 

1, 677, 039 

1, 160,  398 

629,  639 

393,  206 

119,896 

118,008 

52,  469 

67,  874 

35, 240 

264, 784 

2, 093,  292 

2,  295.  586 

2,  207,  458 

1,  537,  876 

1,112.086 

630.  005 

401,049 

129, 159 

139,  215 

54.  670 

66.  700 

86,  857 

211,113 

1-2 

2,  277, 726 

2-3 

2,  467.  851 

3-6 

2, 839, 348 

6-10 

1, 952, 891 

10-25 

1,513,592 

25-50 

708,  630 

60-100 

405, 976 

100-150 

117,744 

150-300 

140, 960 

300-500 

43,  832 

800-1,000.. 

69,  464 

1,000  and  over 

67,  776 

Total 

24. 800.  736 

18.118.635 

13. 604. 996 

1 

11, 665, 909 

11,008,638 

12,  796, 802 

1  Changes  in  the  revenue  acts  aflectine  the  comparability  of  statistical  data  from  income  tax  returns  of 
Individuals  are  summarized  on  pp.  138-145.  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,  aad 
subsequent  years. 

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

•  Revised.    (See  Statistics  of  Income  for  1935,  Part  1,  p.  34,  footnote  3.) 


STATISTICS   OF   INCOME 
Individual  returns,  1916-S6,  by  net  income  classes:  net  income ' 

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


37 


-Continued 


Net  income  classes 

1935 

1936 

Under  1                   

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 

187, 113 

1-2                            

3.011,409 

2-3                  

3. 325. 252 

3-5            

3, 821,  708 

5-10          - 

2, 977, 790 

10-25  

2, 628. 692 

25  50 

1, 400, 493 

50-100                                         

913.518 

100-150                                       

311,279 

150-300                              

307, 930 

300-500                            - 

124,523 

600-1,000           

122,  762 

1,000  and  over -- 

107,  641 

Total 

14,909,812 

19,240,110 

>  See  footnote  on  p.  36. 

Individual  returns,  1916-86,  by  net  income  classes:  tax  * 

[Net  income  classes  and  money  figures  in  tliousands  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 

62, 330 

61,496 

31, 860 

26, 112 

31, 420 

247 

1-2. 

16.244 
9,097 
18,  283 
44, 066 
80,  695 
76. 593 

85,  028 
55.  766 

86,  718 
50,  228 
59. 349 

109, 425 

26,  482 
35,415 
82. 929 
93. 058 
142.  449 
130.  241 
147,  429 
95.  680 
136.  156 
79. 165 
69. 834 
88,885 

24, 696 
28,258 

75.  915 
91.  538 

164, 833 
154,946 
186, 358 
118,705 
163. 095 
86. 031 

76,  228 
99, 027 

36. 860 
45.  608 
83.  496 
97,886 
172,  259 
154.  265 
163,  718 
86,  588 
92,  604 
47, 043 
46, 641 
49,185 

27.081 

2-3 

20,  730 

3-5. 

776 
6,301 
11,  6.37 
11,  603 
16, 299 
12. 423 
24. 007 
17,  951 
20. 902 
51,487 

47, 533 

6-10 

70, 388 

10-25     

123. 578 

25-50  

125,  697 

60-100 

144,  093 

100-150 

71,337 

150-300 

98.  810 

300-500 

43,  488 

500-1,000 

38, 559 

1,000  and  over. 

49,  618 

Total 

173, 387 

691, 493 

1, 127, 722 

1, 269,  630 

1, 075, 054 

719,  387 

861, 057 

Net  income  classes 

1923  > 

1924 

1925 

1926 

1927 

1928 

1929 

Under  1 

317 
18.  253 
16,606 
46, 048 
64,  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 
76.  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 

63.  665 

81, 893 

40 

1,234 

3,970 

6,508 

20,  665 

74,  226 

119,475 

156,  675 

87,  39S 

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        

653 

2-3 

1,404 

3-5 

2,413 

6-10 

9,551 

10-25 

69, 893 

25-50                                     

113,904 

50-100_ 

160,  814 

100-150  

99, 560 

160-300.. 

159,  221 

300-500. 

97. 336 

600-1,000. 

106. 219 

1,000  and  over 

191,  054 

Total 

661,  666 

704,  265 

734,  655 

732, 471 

830,  639 

1, 164,  254 

1,001,938 

For  footnotes,  see  p.  38. 


38 


STATISTICS   OF   INCOME 


Individual  returns,  1916-36,  by  net  income  classes:  lax  ' — Continued 

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


Net  income  classes 

1930 

1931 

1932 

1933 

1934 

1935 

1936 

Under  1    

37 

1,269 

3,310 

5,352 

17,  448 

49,  561 

72,  708 

87, 379 

48, 749 

62,463 

33, 053 

34,  289 

61,098 

24 

943 

2,466 

3,832 

12,  407 

31,897 

40, 096 

44,  780 

23, 135 

28,  793 

15,411 

15,  457 

26, 886 

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

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

111 
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 
10,058 
9,311 
20,  738 
48,  728 
103, 754 
106,  670 
112,816 
54, 132 
74, 039 

37,  245 

38,  323 
41, 499 

331 

1-2 

14,010 

2-3 

13,988 

3-5 

32,  232 

5-10                   

79, 369 

10-25  

175,  613 

25-50  

191, 339 

50-100                   

216, 045 

100-150    - 

116, 156 

150-300  

147, 381 

300-500  - 

71,  470 

500-1,000.- 

78,945 

1,000  and  over    

77, 138 

Total 

476,  715 

246, 127 

329, 962 

374, 120 

511,400 

657, 439 

1, 214, 017 

•  Changes  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
Individuals  are  summarized  on  pp.  138-145.  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  for  1928, 1930, 
and  subsequent  years. 

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


Individual  returns,   1916-36,   hy  net  income  classes:  effective  tax  rate    (percent) 


Net  income  cla 

>ses 
liars) 

1916 

1917 

1918 

1919 

1920 

1921 

1922 

1923 

1924 

(Thousands  of  do 

Percent 

Under  1 

0.08 

.81 

.39 

1.05 

2.90 

6.48 

11.53 

19.87 

32.00 

42.14 

51.94 

58.70 

63.59 

0.10 

.75 

.40 

1.06 

2.66 

5.48 

10.40 

17.89 

27.42 

37.03 

37.27 

35.81 

35.02 

0.13 

.49 

.27 

.71 

2.04 

4.06 

7.67 

13.06 

19.85 

23.83 

25.42 

26.81 

23.53 

0.06 

1-2. 

0.66 

.44 

.86 

2.41 

4.78 

7.34 

10.04 

13.92 

18.27 

23.93 

27.63 

35.65 

1.19 

.98 

2.35 

4.34 

8.20 

13.32 

21.69 

33.68 

44.64 

54.77 

58.65 

64.65 

0.87 

.74 

1.68 

3.10 

6.83 

12.13 

20.79 

33.12 

43.94 

54.08 

59.42 

64.87 

0.91 

.74 

1.66 

3.19 

6.76 

11.80 

20.20 

32.61 

43.04 

52.67 

57.08 

63.81 

.29 

2-3       

.19 

3-5 

0.12 

.61 

.94 

1.41 

2.25 

3.48 

4.75 

6.60 

8.14 

11.09 

.39 

5-10 

.96 

10-25. 

2.73 

25-50.  

6.84 

60-100  

12  81 

100-150 

20.04 

150-300 

24.69 

300-500       

26  73 

600-1,000 

26  87 

1,000  and  over. --  -  -- 

30.27 

All  returns 

2.75 

5.06 

7.08 

6.39 

4.53 

3.67 

4.04 

2.67 

2.74 

Net  income  classes 

(Thousands  of 

dollars) 

1925 

1926 

1927 

1928 

1929 

1930 

1931 

1932 

1933 

1934 

Percent 

Under  1 

0.12 

.10 

.19 

.16 

.55 

2.09 

5.94 

10.42 

13.87 

15.73 

16.40 

16.39 

15.83 

3.35 

0.08 

.10 

.21 

.15 

.52 

1.98 

5.77 

10.14 

13.66 

15.72 

16.24 

16.88 

16.56 

3.33 

0.06 

.07 

.19 

.14 

.53 

1.98 

5.82 

10.20 

13.74 

15.72 

17.11 

16.99 

16.42 

0.09 

.10 

.21 

.16 

.53 

2.05 

5.87 

10.47 

13.74 

15.77 

17.06 

17.35 

16.70 

0.02 

.04 

.07 

.05 

.21 

1.49 

5.24 

9.77 

12.92 

14.64 

15.49 

15.86 

15.76 

0.04 

.08 

.18 

.13 

.47 

1.70 

5.25 

9.51 

13.03 

14.91 

15.96 

16.20 

16.98 

0.02 

.07 

.15 

.11 

.44 

1.59 

4.89 

8.48 

11.77 

13.58 

15.08 

15.11 

16.19 

0.04 

.57 

.40 

.80 

2.12 

4.32 

6.92 

11.99 

20.41 

27.04 

35.36 

32.86 

46.75 

0.04 

.49 

.34 

.83 

2.28 

4.94 

8.31 

14.34 

23.51 

29.03 

32.82 

37.43 

31.96 

0  05 

1-2 

38 

2-3 

31 

3-5 

65 

6-10. 

2  21 

10-25  

5  55 

25-50 

11  98 

50-100 

20  89 

100-150 

32  41 

150-300  

41  14 

300-500  

47  58 

600-1,000 

51  70 

1,000  and  over 

55.75 

All  returns... 

3.68 

4.62 

4.04 

2.63 

1.81 

2.83 

3.40 

4.00 

1  Changes  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
Individuals  are  summarized  on  pp.  138-145.  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  for  1928, 1930, 
and  subsequent  years. 


STATISTICS    OF   INCOME  39 

Individual  returns,  1916-36,  by  net  income  classes:  effective  tax  rate  (percent)^ — Con. 


Net  income  classes 
(thousands  of  dollars) 

1935 

1936 

Percent 

Under  1      

0.06 

.40 

.33 

.64 

2.13 

5.69 

12.09 

21.06 

32.54 

41.15 

47.81 

51.92 

56.36 

0.18 

1-2    

.47 

2-3     

.42 

3-5     

.84 

5-10 

2.67 

10-25                 

6.68 

25-50        

13.66 

50-100     

23.65 

100-150  

37.32 

150-300 

47.86 

300-500... 

57.40 

500-1,000                             

64.31 

1,000  and  over      

71.66 

All  returns 

4.41 

6.31 

1  See  footnote  on  p.  38. 
Individual  returns,  1916-36:  sources  of  income  and  deductions,  and  net  income  * 

[Thousands  of  dollars] 


Distribution 

1916 

1917  > 

1918 

1919 

1920 

1921 

Income: 

Salaries,    wages,    commis- 
sions, fees,  etc.2.  

1, 851,  277 

2, 637,  475 

(■) 

(') 

(') 

643,  803 

2, 136,  469 

379,  795 

(15) 

701, 084 

3,  648.  438 

2,  865,  413 

775, 087 

318, 171 

(») 

684,  343 
2, 848,  842 

(12) 
(12) 

936,  715 

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

291, 186 

(») 
975.  680 
2, 468,  749 

(13) 
(12) 

1,  403,  486 

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 

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

462, 859 

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

(») 

Rents  and  royalties 

Dividends  received  '" 

Income  from  fiduciaries  ".. 
Taxable  interest  on  parti- 
ally tax-exempt  Govern- 
ment obligations  '* 

Interest  and  other  income  ". 

1, 177,  958 
2,  476, 952 

(13) 

46, 994 
1,  643, 344 

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  years... 

Net  loss  from  business 

Net  loss  from  partnership.. 

Interest  paid 

('■) 
}       (>') 

}       C^) 

('■) 
2,  051,  324 

(") 
(") 

(") 

245, 080 
640,  683 

(>0 
(■') 

('■) 

en 

1,  821, 122 

(") 
CO 

(") 

(>■) 
2,  578, 194 

CO 
CO 

CO 

387,  290 
2,  567,  351 

CO 
CO 

CO 

Taxes  paid. 

CO 

Other  deductions 

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 

For  footnotes,  see  p.  44. 


40 


STATISTICS   OF   INCOME 


Individual  returns,  1916-36:  sources  of  income  and  deductions,  and  net  income  ' — Con. 

[Thousands  of  dollars] 


Distribution 

1922 

1923  18 

1924 

1925 

1926 

1927 

Income: 

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

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,  75.5,  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,  4.50,  760 
4,011,590 

333, 365 

36,  782 
1,  936,  604 

10, 218, 450 

Business  '    

3,  287, 421 

Partnership  ' 

1,  755, 145 

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

1,  8n  396 

Capital  net  f;ain  from  sale 
of  assets  held  more  than 
2  years  ' 

1, 081, 186 

Rents  and  royalties 

Dividends  received  '" 

Income  from  fiduciaries  ".. 

Taxable  interest  on  parti- 
ally tax-exempt  Govern- 
ment 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 

Deductions: 

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

Net  loss  from  business 

Net  loss  from  partnership.. 

Interest  paid     

C) 
}      CO 

}      CO 
425,  218 
3, 110,  478 

CO 
CO 

CO 

534,  797 
3,  935,  330 

CO 
CO 

CO 

533.  168 
3,  389,  675 

CO 
CO 

CO 

441,  590 
2,  935, 868 

178,  216 
CO 

CO 

484,  205 
2,  826,  509 

227. 879 
CO 

Taxes  paid     

CO 

507,  705 

2,  927, 886 

Total  deductions 

3,  535,  696 

4, 470,  127 

3, 922. 843 

3.  377, 458 

3.  488, 930 

3.  663, 470 

Net  income 

21,336,213 

24,  777,  466 

25,  656, 153 

21, 894,  576 

21, 958,  506 

22,  545, 091 

Distribution 

1928 

1929  20 

1930 

1931 

1932 

1933 

Income: 

Salaries,    wages,    commis- 

10,  862,  331 

3,  243,  955 
1, 929, 520 

2,  928, 142 

1, 879, 780 
1,  164,  518 

4,  3.50, 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 

603  725 

Partnership  « 

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

419,  591 
133  616 

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

Rents  and  royalties 

Dividends  received  'i 

Income  from  fiduciaries  ».. 

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

Other  taxable  interest 

Other  income  " 

447, 883 

1,  559,  046 

276,  067 

31,  689 
961,  732 
167, 197 

Total  income... 

28, 987,  634 

29,  844,  758 

22, 412,  446 

17,  268, 451 

14, 392, 080 

13,393,825 

For  footnotes,  see  p.  44. 


STATISTICS    OF   INCOME 


41 


Individual  returns,  1916-36:  sources  of  income  and  deductions,  and  net  income  ' — Con. 

[Thousands  of  dollars] 


Distribution 


Deductions: 

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

Net  loss  from  business  ' 

Net  loss  from  partnership «. 

Interest  paid  " 

Taxes  paid  " 

Contributions 

Other  deductions 

Total  deductions 

Net  income 


1928 


171, 743 
(") 

(") 

532,  886 
3, 056,  679 


3,  761,  308 


25,  226,  327 


994. 665 
(") 

(") 

527,  093 
3,  522,  265 


5, 044,  023 


24, 800.  736 


1930 


1, 232,  776 
172,  538 

424,  771 
2, 463,  726 


4,293,811 


18,118,635 


1, 160,  765 
134,  685 

(") 

328, 300 
2,  039,  705 


3,  663, 455 


13,  604, 996 


1932 


375,  445 
112,  659 

CO 

304,  009 
i«  1,  944,  057 


•9  2,  736, 171 


>»  11,655,909 


1933 


365,  782 
61,  985 
30, 435 
507,  520 
506,  258 
252,  251 
660,  956 


2, 385, 187 


11,008,638 


Distribution 


1934 


1935 


1936 


Income: 

Salaries,  wages,  commissions,  fees,  etc 

Business  profit ' 

Partnership  profit « 

Net  capital  gain  21 

Rents  and  royalties 

Dividends  received  '" 

Income  from  fiduciaries  i'. 

Taxable  interest  on  partially  tax-exempt  Government  obliga' 

tions  '<- - 

Other  taxable  interest 

Other  income  i' 

Total  income 

Deductions: 

Business  loss  ' 

Partnership  loss  '.. 

Net  capital  loss  " 

Interest  paid  22 

Taxes  paid  " 

Contributions 

Other  deductions 

Total  deductions 

Net  income .- 


8,  600, 455 
1,  716,  842 
631,  915 
211,319 
509, 844 
1, 965,  670 
288,  730 

38, 044 
909,  231 
220, 910 


9,  900,  578 
1,855,019 
739, 822 
509,  714 
572,  060 
2,  234,  727 
328,  978 

4.3, 820 
900,  501 
231,  286 


11,  661, 274 

2, 374,  258 

1, 022,  288 

973,  796 

685, 063 

3, 173,  844 

826, 184 

43,  627 
887,  684 
240, 357 


15, 092,  960 


17,  316,  505 


21,  888,  373 


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


67, 453 
23, 876 
145,  728 
503,  730 
596,  559 
305, 155 
764, 191 


79,520 
21,  307 
129,  704 
544,  869 
698,  609 
385, 838 
788,  416 


2,  296, 1.58 


2,  406,  693 


2,  648,  2'>3 


12, 796, 802 


14,909,812 


19, 240, 110 


Individual  returns  with  net  income  of  $5,000  and  over,  1916-36:  sources  of  income 
and  deductions  and  net  income  ^ 

[Money  figures  in  thousands  of  dollars] 


Distribution 

1916 

1917 

1918 

1919 

1920 

1921 

Number  of  returns 

33  272,  252 

432, 662 

478,  962 

657, 659 

681,  562 

525, 606 

Income: 

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

1, 398,  329 
2, 386, 906 

(') 

K-) 

516,  742 

2, 098,  428 

365, 326 

(1.) 
627, 943 

1,  794, 790 
1,062,772 

581.  708 

217,929 

(») 
340, 868 

2,  648, 155 

(12) 
(12) 

822, 480 

2,103,819 

1, 148,  297 

913, 853 

187,406 

(») 

386,  474 
2, 133,  209 

(13) 
(12) 

799, 186 

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

677, 284 

(•) 

445,  701 
2, 128,  291 

(13) 

62,  571 

876, 687 

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

623, 993 

451,878 
2,363,880 

(13) 

60, 432 
847, 894 

2, 831,  520 
816, 040 
903, 571 

264,456 

Business  * 

Partnership ».. 

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

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

Rents  and  royalties 

Dividends  received  '» 

Income  from  fiduciaries  ".. 

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

Interest  and  other  income  " 

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 

FoF  footnotes,  see  p.  44. 


42 


STATISTICS    OF   INCOME 


Individual  returns  with  net  income  of  $5,000  and  over,  1916-36:  sources  of  income 
and  deductions  and  net  income  ^ — Continued 

[Money  figures  in  thousands  of  dollars] 


Distribution 

1916 

1917 

1918 

1919 

1920 

1921 

Deductions: 

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

Net  loss  from  business 

Net  loss  from  paitnership.. 

Interest  paid 

(17) 
(") 

CO 

(17) 
(") 
(") 

1, 719,  764 

(") 

(") 

(") 

(") 

(") 

186,  907 
271,391 

(") 
(") 
(") 
(") 
(") 
1,142,003 

(") 
CO 
CO 
CO 
CO 
CO 
1,  598, 583 

CO 
CO 
CO 
CO 

CO 

(24) 

1,914,150 

CO 

CO 
CO 
CO 

Taxes  paid 

CO 

Contributions        

CO 

Other  deductions 

1,  552, 857 

Total  deductions 

1, 719,  764 

458,  297 

1, 142, 003 

1, 598, 583 

1, 914, 150 

1,552,857 

Net  income 

5,673,909 

7,010,404 

6, 530, 241 

8, 709, 828 

8,461,412 

6, 361. 778 

Distribution 

1922 

1923  " 

1924 

1925 

1926 

1927 

594,  211 

625,  897 

697, 138 

830,  670 

894, 868 

913, 597 

Income: 

Salaries,    wages,    commis- 

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 

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

1,511,859 

Capital  net  gain  from  sale 
of  assets  held  more  than 

1, 081, 186 

Rents  and  royalties 

Dividends  received  i" 

Income  from  fiduciaries  "-. 
Ta.xable   interest  on   par- 
tially  tax-exempt    Gov- 
ernment obligations  •< 

Other  taxable  interest 

Otiier  income  "      .      . 

644,  302 

3,  761,  910 

329,  351 

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

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  es- 
tate, stocks,  bonds,  etc., 
other  than  reported  for 
tax  credit  on  capital  net 
loss  from  sale  of  assets 
held  more  than  2  years,  _ 

Net  loss  from  business 

Net  loss  from  partnership.. 

Interest  paid  ^*  .  .. 

}       (") 

}    en 

211,863 
1, 323,  007 

(>■) 
(") 

(") 

238,  378 
1,  391,  835 

(■■)■ 
(") 

('■) 

254, 072 
1,  405,  532 

CO 
CO 

CO 

293, 401 
1,  756, 030 

122,  409 
CO 

CO 

326,511 
1,691,377 

136,  482 
CO 
440, 974 

Taxes  paid  " 

353, 188 

Other  deductions 

1,  706, 122 

Total  deductions... 

1,  534,  871 

1,  630,  214 

1,  659.  605 

2, 049,  431 

2, 140,  298 

2, 195,  792 

Net  income 

7,  804, 022 

8,  288,  672 

9,  751, 156 

12,  777, 696 

13,  227,  659 

14, 064, 193 

For  footnotes,  see  p.  44. 


STATISTICS    OF    IISrCOME 


43 


Individual  returns  with  net  income  of  $5,000  and  over,  1916-36:  sources  of  income 
and  deductions  and  net  income ' — Continued 

[Money  figures  in  thousands  of  dollars] 


Distribution 

1928 

1929 

1930 

1931 

1932 

1933 

1, 010,  887 

1, 032, 071 

810, 431 

590,  731 

356, 442 

331  892 

Income: 

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

Business '...      .      

5,  008,  286 
1,  772,  255 

1,  683, 322 

2,  700,  557 

1, 879,  780 
637, 371 

4, 009, 915 
364,  889 

40,  553 

1,  230, 178 

196,  111 

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

2, 044, 058 

2. 346,  704 
649,  124 

4,  247,  031 
422, 076 

40, 184 

1,257,590 

190, 110 

4,  407,  606 

1,  215,  452 

786, 931 

527,  653 

556,  392 

479,  401 

3,  708,  656 

338,  400 

38. 134 

1,018,001 

130, 191 

3, 320, 028 
766,  730 
492, 147 

196,  574 

169, 949 

306,  336 

2,  583,  674 

280,  627 

25,  325 
749,  345 
120,  845 

2, 057,  254 
354, 488 
284,  624 

71,  643 

50, 074 

160,  244 

1,  540,  625 

217,  610 

29,188 
536,  541 
67,  353 

1,  838,  646 
393  815 

Partnerships 

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

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

401, 931 

308, 711 
133  616 

Rents  and  royalties 

Dividends  received  '" 

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 

Deductions: 

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

Net  loss  from  business  * 

Net  loss  from  partnership  •. 

Interest  paid  22 

129, 865 
}       CO 
866, 058 
475.  422 
390, 923 
1,946,467 

632,  693 
(") 

886,  187 

479, 100 

384, 4.58 

1, 997, 123 

947, 121 

105,  219 

574,  630 

407, 996 

286,  218 

1,  347, 170 

813,  503 

72, 125 

373,  603 
294, 165 
202, 979 
981,  341 

174,  627 

46,  972 

250, 844 
230.  543 
139, 846 
764,  432 

152.  959 
f        26, 792 
I        15, 597 

208,311 

Ta.xes  paid  " 

200, 078 

Contributions 

111,219 

Other  deductions 

245,  065 

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 

1934 

1935 

1936 

Number  of  returns. 

422,  647 

500,115 

677.011 

Income: 

Salaries,  wages,  commissions,  fees,  etc. 3          ...                   - 

2, 300,  256 
568,  689 
438, 066 
160,  218 
165,  786 

1,  585,  042 
203, 854 

38. 044 

453,  480 

99,  226 

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

1,814,184 
232, 324 

43,  820 
448. 022 
123,  234 

3, 493, 623 

Business  profit  5 _ 

1, 021. 608 

Partnership  profit  5 

791,010 

Net  capital  gain  21 

806, 916 

Rents  and  royalties.. 

271,  556 

Dividends  received  '" 

2.  583,  888 

Income  from  fiduciaries  " 

691, 024 

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

43,  627 

Other  taxable  interest 

445,  355 

Other  income  '6 

108,  784 

Total  income 

6, 012,  662 

7, 187,  678 

10.  257,  390 

Deductions: 

Business  loss  5 

29,  753 
15. 178 
90.  96S 
231.  267 
232. 490 
129.  650 
282,  591 

33,713 
13.113 

68.  981 
240,  731 
267,  571 
148,  180 
319, 993 

45, 125 

Partnership  loss ' .                  

12,  551 

Net  capital  loss  21 

62,  828 

Interest  paid  22 

285,  260 

Taxes  paid  22 

353, 986 

Contributions .  .  .  . 

202, 147 

Other  deductions. 

400,  864 

Total  deductions     .                           ... 

1,011,898 

1,  092,  283 

1,  362.  762 

Net  income . 

5,  000,  764 

6, 095,  394 

8,  894, 628 

For  footnotes,  see  p.  44 
83167—38 4 


44 


STATISTICS   OF   INCOME 


'  Changes  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
individuals  are  summarized  on  pp.  138-145.  The  income  items  for  1916  are  "Gross  income,"  the  deductions 
not  having  been  allocated  to  the  various  sources  but  included  in  aggregate  under  "Deductions."  Beginning 
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  re- 
turns. When  net  losses  are  shown  on  the  schedules  such  net  losses  are  transferred  in  tabulation  to  "Deduc- 
tions," which  also  include  the  other  unallocated  items  shown  on  the  return  under  "Deductions."  Data  for 
returns  of  ne?  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.  Includes 
"Professions  .ind  vocations"  in  1916. 

*  Revised.     (See  Statistics  of  Income  for  1935,  Part  1,  p.  42,  note  4.) 

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

6  Certain  income  from  partnerships  is  included  in  other  sources  (see  notes  8,  10,  and  14).  Beginning  1936, 
amount  includes  all  dividends  received  by  partnerships.  Prior  to  1936,  dividends  received  by  partnerships 
on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  laws  were  tabulated 
under  "dividends  received,"  while  dividends  on  stock  of  foreign  corporations  (other  than  those  deriving  more 
than  half  their  gross  income  from  sources  in  the  United  States)  and,  except  for  1932  and  1933,  dividends  on 
stock  of  domestic  corporations  not  subject  to  taxation  under  Title  I  of  the  effective  revenue  laws,  were  left 
in  income  from  partnerships.  Beginning  1934,  amount  includes  net  capital  gain  or  loss  from  sale  of  capital 
assets  by  partnerships  (see  note  21).  For  1918  through  1921,  amoimt  includes  income  from  fiduciaries,  and 
income  from  personal  service  corporations  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  for  1916  was  tabulated 
with  business. 

'  AU  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  For  1936,  amount  includes  dividends  on  stock  of  both  domestic  and  foreign  corporations,  excepting  divi- 
dends received  by  partnerships  and  fiduciaries.  Prior  to  1936,  amount  includes  dividends  on  stock  of 
domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  laws,  and  until  1934,  the  divi- 
dends received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources 
within  the  United  States,  whether  or  not  received  direct  or  by  partnership  and  fiduciaries;  also  dividends 
received  through  personal  service  corporations,  1918  through  1921;  and  stock  dividends,  1916  through  1919. 

u  Certain  income  from  fiduciaries  is  included  in  other  sources  (see  notes  8,  10  and  14).  Beginning  1936, 
amount  includes  all  dividends  received  by  fiduciaries.  Prior  to  1936,  dividends  received  by  fiduciaries  on 
stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  laws  were  tabulated 
under  "dividends  received,"  while  dividends  on  stock  of  foreign  corporations  (other  than  those  deriving 
more  than  half  their  gross  income  from  sources  in  the  United  States)  and,  except  for  1932  and  3933.  dividends 
on  stock  of  domestic  corporations  not  subject  to  taxation  under  Title  I  oj  the  effective  revenue  laws,  were 
left  in  income  from  fiduciaries.  Beginning  1934,  amount  includes  net  capital  gain  or  loss  from  sale  of  capital 
assets  for  estate  or  trust  (see  note  21).  For  1917,  income  from  fiduciaries  is  included  in  "interest  and  other 
income";  for  1918  through  1921,  in  "partnerships." 

12  Included  in  "Interest  and  other  income." 

13  Included  in  "Partnership." 

i<  Includes  interest  on  such  obligations  held  by  individuals,  or  such  interest  received  through  partnerships 
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. 

18  Beginning  1936,  amount  excludes  dividends  received  on  stock  of  domestic  corporations  not  subject  to 
taxation  under  Title  I  of  the  effective  revenue  law  and  on  stock  of  foreign  corporations.  For  years  prior  to 
1936,  amount  includes  dividends  received  from  these  two  types  of  corporations,  except  in  so  far  as  included 
in  partnership  and  fiduciary  income,  and  until  1934,  except  in  so  far  as  received  from  foreign  corporations 
deriving  more  than  half  their  gross  income  from  sources  within  the  United  States.    See  notes  6, 10  and  11. 

1'  Included  in  "Other  deductions." 

18  RevLsed.     (See  Statistics  of  Income  for  1925,  pp.  28-29.) 

19  Revised.     (See  Statistics  of  Income  for  1935,  Part  1,  p.  42,  note  19.) 

2"  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  sec.  117,  Revenue  Acts  of  1934  and  1936).  Excludes  net  capital  gain  or  loss  on  sale 
of  capital  assets  by  partnerships  or  fiduciaries,  which  amounts  beginning  1934,  are  included  with  other 
income  (or  loss)  from  partnerships  or  other  income  from  fiduciary  (see  notes  5  and  10). 

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

2'  Exclusive  of  returns  of  married  women  making  separate  returns  from  husbands. 

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


STATISTICS    OF   INCOME  45 

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  1937  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  146-147. 

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,  witliin  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  conditions 
further  extensions  of  time  are  granted  for  filing.  In  determining  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  disposition. 
Under  former  Revenue  Acts  the  value  of  the  gross  estate  was  deter- 
mined 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  exemption 
allowed  in  the  case  of  citizen  or  resident  decedents  (prior  to  the  enact- 
ment 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. 
February  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,  through  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 


46  STATISTICS    OF   INCOME 

imposed  by  the  Revenue  Act  of  1932,  or  by  that  Act  as  amended  by 
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,  inheritance,  legacy, 
or  succession  taxes  paid  to  any  State,  Territory,  or  the  District  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  under  the  1932  and  1934  Revenue  Acts,  and  $40,000  under 
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  effect,  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 
tentative  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 
a  maximum  rate  under  the  1935  Act  of  70  percent  on  the  amount  of 
net  estate  in  excess  of  $50,000,000. 

The  Revenue  Act  of  1924  allows  a  tax  credit  not  to  exceed  25  percent 
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 
Columbia,  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  provi- 
sions of  the  Revenue  Act  of  1924  is  allowable  against  estate  tax  payable 
under  the  Revenue  Act  of  1924  or  the  Revenue  Act  of  1926  with 
respect  to  so  much  of  the  property  wliich  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  computed  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 
taxes  during  the  period  for  the  reason  that  payments  may  be  made 
at  a  later  date  than  the  fihng  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  1937,  irrespective  of  the  date  of  death  of  the  dece- 
dent, under  Revenue  Acts  passed  prior  to  1926,  the  Revenue  Act  of 
1926  only,  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 


STATISTICS   OF   INCOME  47 

which  correspond  to  the  successive  tax  brackets  specified  in  the  Reve- 
nue 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  dui'ing  the  calendar 
year  1937  is  17,032,  and  the  total  tax  habihty  is  $308,450,000  (see  table, 
5,  pp.  72-73).  The  number  of  returns  for  citizens  or  residents  is  15,037, 
of  which  12,010  are  taxable  returns  and  3,027  are  nontaxable  returns. 
The  tax  Habihty  on  the  12,010  taxable  returns  is  $305,784,000.  As 
compared  with  returns  filed  during  the  previous  year,  the  number  of 
taxable  returns  for  citizens  or  residents  increased  by  2,873,  or  31.4 
percent,  and  the  tax  Habihty  on  such  returns  increased  $110,483,000, 
or  56.6  percent. 

In  table  1,  which  is  in  the  nature  of  a  summary  statement,  the  tax- 
able 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. 

The  data  for  the  taxable  returns  in  table  1  are  presented  in  more 
detail  in  tables  2,  2-A,  2-B,  2-C,  3,  3-A,  3-B,  and  3-C.  Table  2  is  a 
summary  of  tables  2-A,  2-B,  and  2-C  and  table  3  is  a  summary  of 
tables  3-A,  3-B,  and  3-C.  Tables  2-A,  2-B,  and  2-C  include  the 
items  of  gross  estate  and  deductions  and  tables  3-A,  3-B,  and  3-C 
include  the  items  of  net  estate  and  tax  liability.  The  taxable  returns 
for  resident  decedents  who  died  prior  to  May  11,  1934,  are  presented 
in  tables  2-A  and  3-A,  the  taxable  returns  for  citizen  or  resident 
decedents  who  died  during  the  period  May  11,  1934,  through  August 
30,  1935,  are  presented  in  tables  2-B  and  3-B,  and  the  taxable  returns 
for  citizen  or  resident  decedents  who  died  on  or  after  August  31,  1935, 
are  presented  in  tables  2-C  and  3-C. 

In  former  years,  the  total  insurance  was  tabulated  as  an  item  of 
gross  estate  and  the  insurance  exemption  (amount  receivable  by 
beneficiaries,  other  than  estate,  not  in  excess  of  $40,000)  was  tabulated 
as  a  deduction  item.  This  year,  the  balance  of  insurance  (total 
insurance  less  insurance  exemption)  is  tabulated  as  an  item  of  gross 
estate  and  the  amounts  of  the  total  insurance  and  the  tax-exempt  in- 
surance are  entered  as  information  items  at  the  end  of  each  table. 
Consequently,  in  this  report,  the  gross  estate  and  total  deductions  aio 
less  than  similar  items  shown  in  prior  years  by  the  amount  of  the 
insurance  exemption.  In  this  report,  the  nomenclature  of  the  item  of 
deductions,  "Property  from  an  estate  taxed  within  5  years:  Value  at 
date  of  previous  or  present  decendent's  death,  whichever  is  lower"  is 
changed  to  read  "Property  from  an  estate  taxed  within  5  years:  Net 
deduction." 

Table  4  presents  a  distribution  by  States  of  the  returns  of  citizen  or 
resident  decedents  and  table  5  is  a  historical  summary  of  all  estate  tax 
returns  filed. 


48 


STATISTICS   OF   INCOME 


Table  1. —  Taxable  and  nontaxable  estate  tax  returns  of  resident  decedents  who  died 
11,  1934,  by  revenue  Acts  under  which  returns  were  filed:  number  of  returns,  gross 
estate  and  tax 

[Money  figures  tn 

[Returns  filed  during 


(1) 


Total 


All  re- 
turns 


(2) 


Nontax- 
able re- 
turns 


(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  (20  less  21) 

Miscellaneous  » 

Total  gross  estate 

Deductions: 

Funeral  and  administrative  expenses 

Debts,  unpaid  mortgages,  etc.- 

Charitable,  public,  and  similar  bequests 

Specific  exemption  n 

Property  from  an  estate  taxed  within  5  years:  Net  deduction  ". 

Total  deductions 

Total  insurance 

Tax-exempt  insurance  '* 

Net  estate:  " 

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

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

To  which  1932  or  1934  rates  applv  ($50,000  exemption) 

To  which  1935  rates  apply  ($40,000  exemption) 

Tax:  i» 

Under  Act  of  1924  or  prior  Acts. 

Under  Act  of  1926 ..- 

Under  Act  of  1932  or  1934 - 

Under  Act  of  1935 

Total  tax  liability  on  all  returns  filed  during  1937 


3,027 


12,  010 


445, 059 


45, 995 
97,  593 
168, 154 
195,  820 
507,  562 
165,  585 
673, 147 
396,  790 
73,316 
179,  427 


77, 686 


632 

4-,  574 

1,886 

9,010 

16, 102 

52,  389 

68,  491 

32,  166 

9,728 

17,  762 


367,  373 


45, 363 

93, 020 

166,  268 

186,810 

491, 460 

1,113,196 

1,  604.  656 

364, 624 

63,  588 

161,  665 


2,  767,  739 


205, 833 


2,561,906 


137,  760 

410,966 

126,  571 

1,  503,  150 

37,411 


11,  630 
232,  362 

26, 710 

302,  550 

404 


126,  130 
178,  604 

99, 861 
1,  200, 000 

37,  007 


2,  215, 858 


573, 656 


1,  642,  203 


130,  771 
67, 183 


380 

1, 202, 775 

12,911 

1, 608,  532 


17,  727 

935 

287,116 


305, 784 


305,  784 


For  footnotes,  see  p.  50. 


STATISTICS    OF   INCOME 


49 


before  May  11,  1934,  and  of  citizen  or  resident  decedents  '  who  died  on  or  after  May 
estate  by  form  of  property,  deductions,  total  insurance,   tax-exempt  insurance,   net 

thonsands  of  dollars] 

calendar  year  1937] 


Returns  of  resident  decedents 

Returns  of  citizen  or  resident  decedents  ' 

Filed  under  Rev- 
enue Acts  passed 

prior  to  1926, 

Act  of  1920  only 

(death  before  5 

p.  m.  June  6, 

1932)  ' 

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

Filed  under  Acts  of  1926 
and  1934  (death  in  pe- 
riod   May    11,    1934, 
through    August    30, 
1935)1 

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

Non- 
taxable 

re- 
turns- 
returns 
with  no 

net 
estate 

Tax- 
able re- 
turns 
with 
net 
estate 

Non- 
taxable 

re- 
turns- 
no  net 
estate 
under 
1926  or 

1932 
Acts 

Taxable  returns ' 

Non- 
taxable 

re- 
turns— 
no  net 
estate 
under 
1926  or 

1934 
Acts 

Taxable  returns' 

Non- 
taxable 

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

Taxable  returns » 

No  net 
estate 
under 

1926  Act, 

but  tax- 
able 
under 

1932  Act 

Tax- 
able 
under 
both 
1926 
and 
1932 
Acts 

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

Tax- 
able 
under 
both 
1926 
and 
1934 
Acts 

No  net 
estate 
under 

1926  Act, 

but  tax- 
able 
under 

1935  Act 

Taxable 

under 

both  1926 

and  1935 

Acts 

1 

(5) 

(6) 

(7) 

(8) 

(9) 

(10) 

(11) 

(12) 

(13) 

(14) 

(15) 

(3 
1 

23 

22 

82 

69 

15 

177 

118 

35 

2.745 

7,280 

4,471 

1 

1,365 

1,272 

4 
42 

11 
173 
230 
659 
890 
597 
134 
564 

2,834 

3 

24 

14 

131 

171 

1,609 

1,780 

932 

112 

341 

2,469 

8 

168 

9 

319 

504 

1,064 

1,568 

1,335 

231 

478 

864 

143 

1,766 

497 

710 

3,115 

2,961 

6,076 

643 

160 

431 

5,559 

6 

169 

135 

379 

689 

2,270 

2.959 

1,568 

680 

1,095 

4,389 

13 

179 

108 

678 

978 

2,440 

3,418 

1,589 

468 

675 

1,860 

63 
473 

100 
1,010 
1.647 
3,924 
5,571 
1,946 
138 
899 

67,928 

623 

4,381 

1,736 

8,392 

15, 133 

48, 078 

63,211 

29, 190 

8,834 

16, 022 

144, 000 

2,539 
20,  656 
11, 262 
39, 841 
74, 298 
157, 959 
232,  257 
128,  578 
14,  762 
32,  689 

212,  520 

42, 593 

69, 735 

154,  280 

144, 079 

410,  687 

944, 190 

1,  354, 877 

229,  936 

47,  695 

125. 929 

2 
3 

108 
110 
432 
542 
477 
102 
305 

4 
6 
6 
7 
8 
9 
10 
11 
12 

2,792 

3,456 

5,998 

6,082 

8,173 

11,860 

10,  540 

10, 413 

185, 184 

552.285 

1, 970, 957 

13 

211 

1,604 

8 

2,150 

220 

106 
291 

56 
1,800 

28 

354 
3,468 

180 
8,200 

338 

1,027 

81 

6,900 

431 
902 
752 
1,500 
633 

677 

7,813 

750 

17, 700 

556 

2,018 

50 

11,800 

7 

807 

1,730 

9 

3,500 

860 

10,388 
219, 477 

25,  772 

274, 500 

184 

28,953 

53. 099 

19,  264 

728, 000 

267 

94, 940 
119,536 

79.  650 
447, 100 

35, 312 

14 
15 
16 
17 
18 

4,192 

2,282 

12, 203 

8.346 

4,118 

26,940 

14, 431 

6,906 

530,  321 

829,  582 

776, 638 

19 

219 
116 

189 
56 

493 
381 

458 
227 

290 
130 

1,341 
662 

1,119 
651 

317 
180 

25, 318 
16, 484 

44,  353 
29,  592 

84. 043 
36,  348 

20 
21 

380 
794 

m 

22 

4,055 
4,750 

3,507 
5,057 

1, 194, 419 

23 

1,160 

1,944 

24 

155, 167 

1.  453, 366 

25 

6 
8 

?6 

53 
427 

28 
451 

17, 639 

27 

21 

36 

28 

6,853 
6,853 

280,264 
297, 903 

29 



14 

::.:.:. 

21 

479 

36 

479 



30 

50 


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  exceeded  $50,000  in  value  at  date  of  death.  During  the 
calendar  year  1937,  11  returns  were  filed  under  the  Revenue  Act  of  1924  or  prior  Acts,  of  which  8  are  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 
death.  For  statement  of  rates,  exemptions,  ajid  credits  contained  in  the  provisions  of  these  Acts,  see 
pp.  146-147. 

3  Estates  of  decedents  who  died  in  period  5  p.  m.  June  6,  1932,  through  May  10,  1934,  are  subject  to  two 
estate  taxes,  the  tax  levied  under  the  provisions  of  the  Revenue  Act  of  1926  and  an  additional  estate  tax 
levied  by  the  Revenue  Act  of  1932.  Returns  are  required  to  be  filed  if  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.  146-147. 

*  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  of  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.  146-147. 

'  Estates  of  decedents  who  died  on  or  after  August  31,  1935,  are  subject  to  two  estate  taxes,  the  tax  levied 
under  the  provisions  of  the  Revenue  Act  of  1926  and  an  additional  estate  tax  levied  by  the  Revenue  Act  of 
1932,  as  amended  by  the  Revenue  Act  of  1935.  Returns  are  required  to  be  filed  if  the  gross  estate  exceeded 
$40,000  in  value  at  date  of  death.  For  statement  of  rates,  exemptions,  and  credits  contained  in  the  pro- 
visions of  these  Acts,  see  pp.  146-147. 

» A  tabulation  of  these  returns  by  net  estate  classes  is  found  in  tables  2-A  and  3-A,  on  pp.  54  and  64. 

'  A  tabulation  of  these  returns  by  net  estate  classes  is  found  in  tables  2-B  and  3-B,  on  pp.  56  and  66. 

'  A  tabulation  of  these  returns  by  net  estate  classes  is  found  in  tables  2-C  and  3-C  on  pp.  58  and  67. 

«  The  following  items  are  distributed  by  form  of  property:  Jointly  owned  property,  $71,061,143;  transfers 
made  in  contemplation  of  or  intended  to  take  effect  at  or  after  death,  $103,036,933;  general  power  of  appoint- 
ment exercised  by  will  or  by  deed  in  contemplation  of  death,  $25,898,097;  and  property  from  an  estate  taxed 
within  five  years,  .$93,214,950.  For  statistics  from  estate  tax  returns  filed  during  1927-32  "'jointly  owned 
property"  only  was  distributed  in  this  manner. 

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

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

'2  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  after  10:24  a.  m.  February  26,  1926.) 

"  The  net  deduction  for  property  previously  taxed  is  the  amount  of  such  property  (valued  at  date  of  previ- 
ous or  present  decedent's  death,  whichever  is  lower)  less  a  proportionate  reduction.  This  reduction  is  the 
proportion  of  the  sum  of  the  specific  exemption  and  total  deductions,  except  previously  taxed  property,  that 
the  amount  of  previously  taxed  property  bears  to  gross  estate. 

'*  Amount  receivable  by  beneficiaries,  other  than  estate,  not  in  excess  of  $40,000. 

"  A  more  detailed  tabulation  of  net  estate  is  found  in  tables  3-A,  3-B,  and  3-C  on  pp.  64,  66,  and  67. 

>»  A  more  detailed  tabulation  of  tax  before  tax  credits,  tax  credits,  and  tax  after  tax  credits  is  found  in  tables 
3-A,  3-B  and  3-C  on  pp.  64,  66,  and  67. 

>'  Less  than  $500. 


STATISTICS    OF   INCOME 


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STATISTICS    OF   II^COME 


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72 


STATISTICS    OF   INCOME 


Table  5  (Table  9,  Statistics  of  Income  for  1935,  Part  1). — Historical  summarjf 
of  estate  tax  returns  of  resident  and  nonresident  decedents  filed  September  9,  1916, 
through  December  SI,  1937:  number  of  returns,  gross  and  net  taxable  estate  and 
tax  * 

(Money  figures  in  thousands  of  dollars] 


Returns  filed 

Gross  estate 

Filing  period 

Total 

Resident 
dece- 
dents ' 

Non- 
resident 

dece- 
dents 3 

Total 

Resident 
decedents ' 

Non- 
resident 

dece- 
dents • 

Sept.  9,  1916-Jan.  15,  1922 

45, 126 
13, 876 

15, 119 
14,  513 
16, 019 
14,  567 
10,  700 
10,  236 
10,  343 
10,  382 
9,889 
8,  507 
10,  275 
11,853 

12,  724 

13,  321 
17,032 

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 
15, 037 

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 
1,995 

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 
2,  793,  758 

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 
2,  767, 739 

107, 697 

Jan.  15-Dec.  31,  1922 

58, 113 

Jan.  1-Dec.  31: 

1923           

29,  587 

1924    

25,600 

1925 

42,  725 

1926 

21,656 

1927 - 

26, 945 

1928 

51, 032 

1929 - 

49, 732 

1930 -.. 

57, 106 

1931 

33, 195 

1932 

34,  570 

1933 - 

34, 025 

1934 - 

23, 178 

1935 -. 

24,609 

1936 

16, 163 

1937 

26, 019 

iod 

Net  taxable  estate 

Filing  per 

Total 

Resident 
decedents  s 

Non- 
resident 

dece- 
dents s 

Sept  9  1916-Jan  15  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 
1,227,151 

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 

1, 203, 155 

101, 849 

Jan  15^Dec  31   i922      

52, 142 

Jan.  1-Dec.  31: 

27, 440 

1924           - - 

23.  395 

37, 861 

1926                          .  - - - 

20,567 

25, 777 

1928                      - 

49, 075 

45,  653 

1930                          - - 

50, 481 

29, 013 

1932               - - 

31,  868 

30, 058 

1934* 

20,  033 

1935  i                     

22,888 

1936  <                    

14, 627 

23, 995 

For  footnotes,  see  p.  73. 


STATISTICS    OF   INCOME 


73 


Table  5  (Table  9,  Statistics  of  Income  for  1935,  Part  1). — Historical  summary 
of  estate  tax  returns  of  resident  and  nonresident  decedents  filed  September  9,  1916, 
through  December  SI,  1937:  number  of  returns,  gross  and  net  taxable  estate  and 
tax  1 — Continued 

[Money  figures  in  thousands  of  dollars] 


Tax 

Filing  period 

Total 

Resident 
dece- 
dents « 

Non- 
resident 

dece- 
dents ' 

Sept.  9,  1916-Jan.  15,  1922 

356, 516 
120, 662 

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 
308,  450 

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 
305, 784 

5  378 

Jan.  15-Dee.  31,  1922 

2,938 
726 

Jan.  1-Dec.  31: 

1923             

1924 

488 

1925 - 

1,099 
481 

1926 - - 

1927 - - 

755 

1928 

1,398 

1,085 

2,614 

660 

1929 - 

1930 

1931 

1932    

1  310 

1933  < - 

1,986 
988 

1934  4 ._ 

1935  < - - 

1,703 

1936  < 

1,069 
2,665 

19374. 

>  Changes  in  the  Revenue  Acts  affecting  the  comparability  of  statistical  data  from  estate  tax  returns 
are  summarized  on  pp.  146-147. 

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

'  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. 


74  STATISTICS    OF   INCOME 

GIFT  TAX  RETURNS 

There  are  presented  herein  tables  compiled  from  data  reported  on 
gift  tax  returns  for  1936,  filed  during  1937,  The  gift  tax,  payable  by 
the  donor,  is  imposed  upon  the  transfer  of  property  by  gift  made 
subsequent  to  June  6,  1932.  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  situ- 
ated in  the  United  States, 

The  gift  tax  returns  for  the  calendar  year  1936  were  filed  under  the 
provisions  of  the  Revenue  Act  of  1932,  as  amended  by  the  Revenue 
Act  of  1935.  The  major  changes  provided  by  the  Revenue  Act  of 
1935,  affecting  gift  taxes,  were:  rates  graduated  from  Iji  percent  upon 
net  gifts  not  in  excess  of  $10,000  to  52  U  percent  on  the  amount  in 
excess  of  $50,000,000,  in  lieu  of  %  of  1  percent  upon  net  gifts  not  in 
excess  of  $10,000  to  45  percent  on  the  amount  in  excess  of  $10,000,000; 
and  a  reduction  from  $50,000  to  $40,000  in  the  specific  exemption 
allowed  each  resident  or  citizen  donor.  All  of  the  specific  exemption 
can  be  taken  in  one  year  or  the  amount  can  be  spread  over  a 
period  of  years,  at  the  option  of  the  donor.  If  the  total  of  the 
specific  exemption  for  gifts  made  prior  to  the  calendar  year  1936 
exceeds  $40,000  an  adjustment  is  made  on  the  returns  for  1936,  so 
that  the  specific  exemption,  which  is  used  in  the  computation  of  the 
gift  tax  for  the  calendar  year  1936,  does  not  exceed  $40,000. 

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), 
tlirough  the  end  of  the  calendar  year  for  which  the  return  is  filed. 
From  the  tax  so  determined  there  is  deducted  an  amount  computed 
by  applying  like  rates  to  the  cumulative  net  gifts  made  up  to  the 
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  in  which  gifts  were  made 
by  net  gift  classes;  also  number  of  returns,  total  gifts  before  exclusions, 
exclusions,  total  gifts  after  exclusions,  deductions,  net  gifts  and  tax, 
classified  by  net  gift  classes,  by  total  gift  classes,  and  by  taxable  and 
nontaxable  returns. 

The  data  presented  are  based  on  the  returns  as  filed  and  prior  to 
any  revision  that  may  subsequently  be  made  as  a  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  shown  on  the  returns  is  at  times  de- 
ferred, and  for  the  further  reason  that  any  deficiency  taxes  or  over- 
assessments  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 


STATISTICS    OF   INCOME 


75 


(3)  Specific  exemption  not  in  excess  of  $40,000  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  classi- 
fied under  the  headings  of  real  estate,  stocks  and  bonds,  cash,  insur- 
ance, and  miscellaneous.  The  last-named  classification  includes 
jewelry,  objects  of  art,  copyrights  on  books,  the  forgiveness  of  debts, 
intei"est  in  business,  the  assignment  of  a  judgment,  the  assignment 
of  benefits  of  a  contract  of  insurance,  etc.  Gifts  of  stocks  and  bonds 
comprise  62.0  percent  of  total  gifts,  followed  by  gifts  of  cash  amounting 
to  18.3  percent,  real  estate  8.2  percent,  miscellaneous  gifts  6.8  percent, 
and  insurance  4.7  percent.  Gifts  for  charitable,  public,  and  similar 
purposes  amounted  to  12.9  percent  of  the  total  gifts  made. 

Slightly  less  than  one-fourth  of  the  total  gifts  was  effected  by  trusts. 
The  following  table  gives,  for  each  form  of  property,  the  total  gifts, 
amounts  by  trust,  and  all  other  gifts: 

Gift  tax  returns,  1936,  by  form  of  property:  total  gifts,  amount  by  trust,  and  all  other 

gifts 

[Thousands  of  dollars] 


Form  of  property 

Total 

gifts 

Amount 
by  trust 

All  other 

gifts 

Real  estate -.- - 

Stocks  and  bonds                                             .    .-  .  

39,811 
299. 452 
88, 459 
22,  465 
32, 596 

5,456 
92,  920 
9,226 
6,949 
4,702 

34,  355 
206,  532 

Cash 

79,  232 

Insurance 

15.  516 

Miscellaneous - -- 

27, 894 

Total    - 

482,  783 

119,254 

363.  ."IM 

From  the  following  table  comparison  can  be  made  with  respect  to 
all  returns  for  the  calendar  years  1932  through  1936: 

Gift  tax  returns,  1932  ^-36:  total  number  of  returns,  number  of  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 

Nontax- 
able 

Tax 

19321 

1,747 
3,683 
9,270 
22,  563 
13,  420 

245 

878 

2,528 

8,718 

3,770 

1,502 
2,805 
6,742 
13, 845 
9,650 

81, 389 

241, 008 

888,  753 

2,130,514 

482,  783 

17, 879 

101,  793 

537, 083 

1, 196,  001 

134,979 

1,111 

1933 

8,943 

1934 

68, 383 

193,5 

162,  798 

1936 

15,  664 

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


83167—38- 


76 


STATISTICS    OF   INCOME 


Of  the  donors  who  filed  gift  tax  returns  for  1936,  there  were  4,280 
who  had  also  filed  returns  in  one  or  more  prior  years.  The  number  of 
returns,  and  the  amounts  of  net  gifts  and  tax,  as  reported  on  the  1936 
returns,  of  these  identical  donors  are  given  in  the  following  table: 

Gift  tax  returns  of  identical  donors,  1936  and  one  or  more  prior  years:^  number  of 

returns,  net  gifts,  and  tax 

[Money  figures  in  thousa  nds  of  dollars] 


Number 

of  returns 

for  1936 

Net  gifts  on  returns  for 

Tax  on  returns  for 

1936 

Prior 
years  i 

Total 

1936 

Prior 
years  ' 

Total 

Returns    taxable    for    1936   of 
donors  filing  nontaxable  re- 
turns for  prior  years 

486 
1,946 

203 
1,645 

18, 816 
66,043 

18, 816 
526,  649 
145,  652 

2,062 
9,938 

2,062 

Beturns    taxable    for    1936    of 
donors  filing  taxable  returns 
for  prior  years         .  - 

2  460,  605 
3 145,  652 

'117,334 
3  36,  272 

127, 272 

Returns  not  taxable  for  1936  of 
donors  filing  taxable  returns 

36, 272 

Returns  not  taxable  for  1936  of 
donors  filing  nontaxable  re- 
turns for  prior  years    

Total 

4,280 

84,  859 

606, 258 

691, 117 

12,  000 

153,  606 

165,  608 

>  Period  from  June  6,  1932,  through  December  31,  1935. 

*  Figures  adjusted  according  to  provisions  of  section  301  (b)  of  the  Revenue  Act  of  1935.  If  a  specific 
exemption  of  over  $40,000  and  not  over  $50,000  was  taken  for  gifts  made  in  years  prior  to  1936,  the  amounts 
of  net  gifts  and  tax  for  prior  years,  as  reported  on  the  1936  returns,  are  increased  by  the  difference  between 
the  exemption  previously  taken  and  $40,000. 

•  These  amounts  are  probably  understated  because  there  is  not  always  suflScient  information  shown  on 
the  current  year  return  for  their  computation.  However,  whenever  possible  these  figures  are  adjusted 
according  to  the  method  given  in  footnote  2. 

Table  1. — Gift  tax  returns,  1936,  by  net  gift  classes:  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] 


Number 
of  returns 

Total  gifts  by  form  of  property 

Total 

Net  gift  classes « 

Real 
estate 

Stocks 

and 

bonds 

Cash 

Insurance 

Miscel- 
laneous 

gifts 

before 

exclusiooa 

Nontaxable  returns: 

No  net  gifts    .... 

9,660 

25,076 

130,446 

41,  615 

10, 098 

17,  648 

224, 783 

Taxable  returns: 

Under  10     

1,708 

660 

361 

243 

178 

359 

173 

60 

14 

12 

8 

2 

3,009 

2,673 

1,125 

1,112 

590 

2,296 

1,131 

927 

271 

651 

950 

30,  266 

18,  367 

12, 999 

9,978 

8,171 

25, 474 

24,  202 

12,  765 

5,424 

7,138 

6,472 

2,134 

11,459 

5,353 

7,070 

2.887 

2.394 

8.390 

4,583 

2,908 

851 

786 

123 

25 

3,454 

1,341 

1,181 

1,020 

732 

1,445 

1,289 

998 

484 

3,092 
2,044 
1,710 
1,229 
1,022 
2,673 
1,534 
1,553 
5 
185 

51.  279 

10-20  

29,778 

20-30 

24. 084 

30-40- 

16,  226 

40-50 

12,  909 

50-100  

40,  279 

100-200  

32,  739 

200-400 

19,  151 

400-600 

7,035 

600-800  

8,760 

800-1,000 

7,545 

1,000-1,500.... 

2,159 

1,500-2,000 

2,030-2,500 

2,500-3,000 

1 
1 

2,501 
3,116 

16 

424 

2,941 

3,000-3,500 

3,116 

Total  taxable  returns 

3,770 

14,  735 

169, 006 

46,844 

12, 367 

15. 048 

258,000 

Grand  total 

13, 420 

39, 811 

299, 452 

88,459 

22,465 

32, 596 

482, 783 

For  footnotes,  see  p.  77. 


STATISTICS   OF   INCOME 


77 


Table  1. — Gift  tax  returns,  1936,  by  net  gift  classes:  number  of  returns,  total  gifts 
by  form  of  property,^  exclusions,  total  gifts  after  exclusions,  deductions,  net  gifts,^ 
and  tax — Continued 

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


Exclu- 
sions not 
exceed- 
ing $5,000 
for  each 

donee 

Total 

gifts 

after 

exclusions 

Deductions 

Net  gifts 

Net  gift  classes  * 

Charita- 
ble gifts 
after  ex- 
clusions » 

Specific 
exemp- 
tion 
claimed 
in  1936 
return « 

Total  de- 
ductions 

Tax 

Nontaxable  returns: 

No  net  gifts 

69, 901 

154, 882 

24,  348 

130, 534 

154, 882 

Taxable  returns: 

Under  10 

16,037 

7,183 

4,601 

2,789 

2,004 

6,150 

2,876 

940 

290 

230 

300 

45 

35,  242 

22, 595 

19, 483 

13, 436 

10, 906 

35, 128 

29, 863 

18,211 

6,745 

8,530 

7,245 

2,U4 

7,250 

3,484 

4,634 

414 

146 

3,304 

2,552 

1,306 

93 

94 

21,  767 

9,864 

6,241 

4,655 

2,849 

6,858 

3,397 

950 

175 

234 

198 

40 

29,017 

13, 347 

10,  876 

5,069 

2,995 

10. 162 

5,949 

2,256 

267 

329 

198 

51 

6,225 

9,248 

8,607 

8,367 

7,911 

24, 967 

23, 915 

15, 955 

6,478 

8,201 

7,047 

2,063 

303 

10-20 

455 

20-30 

503 

30-40 

491 

40-50 

607 

50-100. 

2,263 

100-200 

2,759 

200^00 

2,284 

400-600 

1,047 

600-800 

1  630 

800-1,000 

1,367 

1,000-1,500 

11 

393 

1,500-2,000 

2,000-2,500 

2,500-3,000 

6 
25 

2,936 
3,091 

31 

31 

2,905 
3,091 

68fi 

3,000-3,500 

978 

Total  taxable  returns 

42, 475 

215,  526 

23,288 

57,  259 

80, 546 

134, 979 

15,664 

Grand  total 

112, 375 

370, 408 

47, 635 

187, 793 

235, 428 

134, 979 

15,664 

>  Total  gifts  before  subtracting  exclusions  and  before  deducting  charitable,  public,  and  similar  gifts  and 
Bpeciflc  exemptions. 

*  Net  gifts  after  exclusions  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  $40,000  is  allowed  each  resident  or  citizen  donor  (see  sec.  301(b),  Revenue  Act 
of  1935) .    At  the  option  of  the  donor,  this  amount  may  be  taken  in  one  year  or  spread  over  a  period  of  years^ 


78 


STATISTICS    OF   I:NC0ME 


Table  2. — Gift  tax  returns,  1936,  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 

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


Total 
num- 
ber 
of  re- 
turns 

Taxable 

Num- 
ber of 
returns 

Total 
gifts 
before 
exclu- 
sions 

Exclu- 
sions 
not 
exceed- 
ing 
$5,000 
for 
each 
donee 

Total 
gifts 
after 
exclu- 
sions 

Deductions 

Total  gift  classes  i 

Charitable,  pub- 
lic, and  similar 
bequests 

Specific 
exemp- 
tion 
claimed 
in  1936 
return  < 

Total 

Num- 
ber of 
donees 

Amount 
after 
exclu- 
sions ' 

deduc- 
tions 

Under  10 — . 

2,702 

3,489 

2,141 

1,565 

1,326 

1,579 

423 

130 

28 

12 

11 

6 

4 

1 

1 

1 

447 

551 

398 

220 

388 

1,217 

376 

117 

23 

11 

10 

5 

4 

2,805 

7,889 

9,696 

7,526 

17, 454 

81, 639 

50, 019 

30,431 

10,912 

7,655 

8,743 

5,711 

7,009 

1,938 

4,496 

4,149 

2,808 

4,093 

14, 497 

6,348 

2,615 

475 

230 

245 

210 

205 

866 
3,394 

5,547 

4,719 

13,  361 

67, 141 

43,  671 

27,816 

10,  437 

7,425 

8,498 

5,501 

6,804 

2 

25 

34 

36 

34 

120 

128 

104 

13 

6 

3 

5 

31 

4 

65 

152 

270 

320 

1,379 

2,394 

3,383 

1,837 

548 

715 

1,199 

6,723 

7 

204 

930 

913 

7,628 

35, 485 

9,087 

2,233 

220 

208 

192 

120 

11 

10-20    

269 

20-30    - 

1,083 

30-40 

1,183 

40-50                       

7,948 

50-100      

36, 865 

100-200 

11,481 

200-400. 

5,616 

400-600 

2,057 

600-800 

755 

800-1,000 

907 

1,000-1,500 

1,319 

1,500-2,000... 

6,723 

2,000-2,500 

2,500-3,000 

1 
1 

2,941 
3,116 

5 
25 

2,936 
3,091 

31 

31 

3,000-3,500 

3,500-4,000 

4,000-4,500         

1 

1 

4,454 

135 

4,319 

22 

4,298 

4.298 

Total 

13, 420 

3,770 

258, 000 

42,  475 

215,  526 

563 

23, 288 

57.  259 

80,  546 

For  footnotes,  see  p.  79. 


STATISTICS    OF   INCOME 


79 


Table  2. — Gift  tax  returns,  1936,  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 — Continued 

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


Taxable— Con. 

Nontaxable 

Net 
gifts 

Tax 

Num- 
ber 
of  re- 
turns 

Total 
gifts 
before 
exclu- 
sions 

j 

Deductions 

Total  gift 
classes ' 

Exclu- 
sions 
not 
exceed- 
ing 
$5,000 
for 
each 
donee 

Total 
gifts 
after 
exclu- 
sions 

Charitable, 

public,  and 

similar 

bequests 

Specific 
exemp- 
tion 
claimed 
in  1936 
return  < 

Total 

Num- 
ber 
of 
re- 
turns 

Amount 
after 
exclu- 
sions ' 

deduc- 
tions 

Under  10 

10-20 

855 

3,124 

4,464 

3,536 

5,412 

30,  277 

32, 190 

22,  200 

8,380 

6,670 

7,590 

4,183 

81 

58 

188 

305 

251 

400 

1,924 

3,145 

2,846 

1,355 

1,271 

1,477 

740 

37 

2,255 

2,938 

1,743 

1,345 

938 

362 

47 

13 

5 

1 

1 

1 

15,  206 

41,224 

42, 024 

46,  661 

40, 835 

21,  764 

6,118 

3,496 

2,598 

714 

804 

1,135 

10, 097 

18, 008 

13,  241 

11,469 

8,560 

7,127 

1,010 

160 

205 

5 

10 

5 

5,109 

23,  217 

28,  784 

35, 192 

32,  275 

14,  638 

5,107 

3,  336 

2,393 

709 

794 

1,130 

114 

199 

147 

101 

55 

158 

123 

30 

40 

1 

2 

1 

202 
1,151 
1,422 
1,309 

845 
4,084 
4,821 
3,307 
2,375 

709 

794 
1,130 

4,907 

22, 066 

27,  362 

33, 883 

31,430 

10,  553 

287 

29 

18 

5,109 
23,  217 

20-30           

28,  784 

30-40- 

35, 192 

40-50 

32, 275 

50-100 -.. 

14,  638 

100-200 

5,107 

200-400 

3,336 

400-600 

2,393 

600-800 

709 

800-1,000 

794 

1,000-1,500 

1,130 

1,500-2,000  — 

2,000-2,500     

1 

2,204 

5 

2,199 

1 

2,199 

2,199 

2,500-3,000 

2,905 
3,091 

685 
978 

3,000-3,500 

3,500-4,000 

4,000-4,500 

21 

3 

Total 

134, 979 

15, 664 

9,650 

224,  783 

69,901 

154,882 

972 

24, 348 

130, 534 

154,882 

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

2  Net  gifts  after  exclusions  and  deductions. 

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

*  A  specific  exemption  of  $40,000  is  allowed  each  resident  or  citizen  donor  (see  sec.  301(b),  Revenue  Act  of 
1935) .    At  the  option  of  the  donor,  amount  may  be  taken  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. 

vStatistics  from  the  corporation  income  and  excess-profits  tax  returns 
and  personal  holding  company  returns  for  1936  are  being  prepared  and 
will  be  issued  under  the  title  "Statistics  of  Income  for  1936,  Part  2." 
Respectfully, 

Guy  T.  Helvering, 
Commissioner  of  Internal  Revenue. 

H.  MORGENTHAU  Jr., 

Secretary  oj  the  Treasury. 


BASIC  TABLES 


INDIVIDUAL  RETURNS 


81 


STATISTICS    OF   INCOME 


83 


Table  1. — Individual  returns,  1936,  by  States  and  Territories:  population  and 
percent  of  population  filing  returns,  number  of  returns,  net  income,  tax,  average 
net  income,  average'  tax,  and  personal  exemption  and  credit  for  dependents 


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

Popu- 

Per- 

Average 

lation 
July  1, 

cent 
of 
pop- 
ula- 
tion 
filing 

States  and 
Territories 

1936 
(Census 
Bureau 

esti- 
mate) 

Number 
of  re- 
turns 

Net  income 

Tax 

Net  in- 
come 

Tax 

Personal  ex- 
emption and 
credit  for 
dependents 

(in  thou- 
sands) 

turns 

Alabama 

2,864 

1.11 

31,712 

$106, 647,  588 

$3,  434, 836 

$3,  363.  00 

$108. 31 

$71, 983, 979 

Arizona 

406 
2,023 

4.15 
.82 

16,  842 
16,  587 

51, 444, 492 
61, 156,  625 

1, 429,  247 
2,  073,  666 

3,  054.  54 
3,  687.  02 

84.86 
125.  02 

35, 449.  209 

Arkansas 

39,811,896 

California 

6,059 

7.20 

436, 128 

1,  494,  599,  201 

76,  428,  350 

3,  426.  97 

175.  24 

849,  297,  002 

Colorado 

1,066 

3.78 

40,  332 

146, 498,  541 

8, 934,  634 

3,  632.  32 

221.  53 

86,716,492 

Connecticut 

1,734 

7.02 

121,805 

439,105,953 

35, 982,  854 

3,  604.  84 

295. 40 

234, 097,  533 

Delaware 

259 

5.30 

13,  739 

96,  694,  780 

25,  538,  755 

7, 037.  98 

1,858.85 

28, 105,  089 

Dist.  Columbia- 

619 

17.26 

106, 863 

327, 467,  666 

13,  290, 899 

3, 064.  37 

124.  37 

195,  337, 920 

Florida -- 

1,642 
3,060 

2.68 
1.62 

44, 048 
49,  512 

197,  705,  207 
181, 626,  423 

18,  608,  221 
8,  478, 922 

4, 488.  40 
3,  668.  33 

422.  45 
171.25 

100,  040, 125 

Georgia 

114,806,378 

393 

485 
7,845 
3,459 
2,543 
1,886 
2,883 

3.87 
2.93 
5.33 
2.99 
2.65 
2.51 
1.57 

15,214 
14,  201 
418,  303 
103,  303 
67,  345 
47,  374 
45, 189 

58,  737,  567 
41,  692,  504 
1,  599,  035, 105 
332,021,225 
184,118,458 
145,  617,  405 
157, 007,  367 

4, 408,  203 
752,  433 
102,  035, 920 
15,  648,  048 
4,  840,  561 
3,  944,  602 
6,  581, 929 

3, 860.  76 
2, 935.  89 
3,  822.  67 
3,  214.  05 
2,  733.  96 
3, 073.  78 
3, 474.  46 

289.  75 
52.98 

243. 93 

151.  48 
71.88 
83.27 

145.  65 

35,  670,  319 

30, 055,  255 

Illinois  .. 

886, 304,  498 

Indiana 

220,  223, 179 

Iowa  -      - 

146, 099,  782 

Kansas 

107,  200,  663 

Kentucky 

97, 961, 140 

Louisiana 

2,122 

2.06 

43,  728 

160, 054,  669 

8, 394,  930 

3,  660.  23 

191.98 

96, 127,  325 

Maine... 

853 
1,674 

2.94 
6.31 

25, 057 
105,  673 

88, 8.59,  221 
391,  588,  573 

5,181,283 
21,  594,  419 

3,  546.  28 
3,  705.  66 

206.  78 
204.  35 

52,  563,  819 

Maryland 

223,  286,  732 

Massachusetts. .- 

4,425 

6.43 

284,  320 

988, 903, 808 

58. 876, 192 

3,  478. 14 

207.  08 

560, 193,  603 

Michigan 

4,783 

5.00 

239,  363 

862,  577,  726 

60,  302,  647 

3,  603.  64 

251. 93 

510, 444,  649 

Minnesota 

2,635 

3.27 

86,  294 

296,  978, 853 

13,  676, 938 

3,441.48 

158.49 

183, 937, 189 

Mississippi 

2,008 

.81 

Ifi,  296 

54,  516, 977 

1,  740, 121 

3,  345.  42 

106.  78 

38,  439, 848 

Missouri... 

3,959 

3.30 

130,  521 

462,  884, 942 

24,  210,  538 

3,  546.  44 

185.  49 

283,  230,  865 

Montana 

531 

4.50 

23,  916 

68, 787, 896 

1,410,820 

2, 876.  23 

58.99 

48, 985,  473 

Nebraska 

1, 364 

2.70 

36, 887 

115,137,721 

3,  222, 455 

3,121.36 

87.36 

81,929,889 

100 

508 

7.55 
3.87 

7,554 
19,  664 

27, 045, 172 
62, 819,  698 

2,  226,  219 

3,  059,  299 

3, 580.  25 
3, 194.  66 

294.  71 
155.  58 

15, 137,  519 

New  Hampshire. 

39,  216, 836 

New  Jersey 

4,328 

6.01 

260,  328 

928, 153,  400 

54, 395,  019 

3,  565.  32 

208.95 

562, 094,  591 

New  Mexico 

422 

2.66 

11,  222 

34, 952, 886 

799,  507 

3,114.68 

71.24 

24,  236, 457 

New  York 

12,  935 

7.55 

976, 939 

3, 864, 452,  725 

348,687,146 

3, 955.  67 

356. 92 

2,  083,  071, 476 

North  Carolina.. 

3,457 

1.22 

42,  075 

156,  362, 462 

10, 499, 380 

3,716.28 

249.  54 

96,  719, 894 

North  Dakota... 

703 

1.54 

10, 809 

26,  705,  284 

352,  260 

2, 470.  65 

32.59 

25, 307,  640 

Ohio  - 

6,713 

2,528 

4.60 
2.03 

308,  789 
51,  277 

1, 078, 986,  270 
170,  786.  455 

58, 476, 868 
6,  632,  281 

3, 494.  24 
3, 330.  66 

189. 37 
129.  34 

649,  541,  603 

Oklahoma. 

123, 876,  297 

Oregon 

1,  Ol- 
io, 136 

3.71 
4.64 

37, 778 
470,  511 

118,000,934 
1,  604,  324,  714 

3,213,027 
104,  979, 166 

3, 125. 12 
3, 409.  76 

85.05 
223. 12 

83,  619,  283 

Pennsylvania 

967, 405, 342 

Rhode  Island 

681 

5.64 

38,  424 

141,  967,  609 

10,  755,  927 

3,  694.  76 

279.  93 

77,  913,  567 

South  Carolina. - 

1,860 

1.07 

19,  975 

61,  786,  752 

1,  653, 997 

3,  093.  20 

82.80 

46, 817,  065 

South  Dakota.  __ 

692 

1.55 

10,  724 

27,  755, 966 

431,114 

2,  588.  21 

40.20 

24,  203,  774 

Tennessee 

2, 864 

1.68 

48, 048 

173, 317, 393 

7,  342,  668 

3,  607. 17 

152.  82 

107, 980, 134 

Texas 

6,117 

516 
380 

2.56 
3.15 
3.21 

156,  855 
16,  262 
12, 193 

569,  444, 419 
50,  926,  789 
37, 146,  202 

27,  265,  553 
1,  458, 140 
1, 195, 886 

3, 630.  39 
3.  131.  64 
3,  046.  52 

173. 82 
89  67 
98.08 

325, 935,  563 

Utah 

39,  489,  607 

Vermont. 

25, 912,  246 

Virginia.  .    . 

2,671 
1,705 

2.34 
5.20 

62,  449 
88, 640 

218, 974,  309 
259,  649, 969 

11,790,832 

7, 875,  628 

3,  506.  45 
2,  929.  26 

188.  81 
88.85 

141,921,822 

Washington  i 

175,708,612 

West  Virginia... 

1,830 

2.60 

47,  527 

145,  745,  636 

5, 160,  600 

3,  066.  59 

108.  58 

103,  526,  291 

Wisconsin 

2,908 

4.27 

124,  202 

338,951,189 

13,  615, 062 

2,  729.  03 

109.  62 

251,658.210 

Wyoming 

233 

4.59 

10,  702 

30,  326, 918 

1,128,801 

2, 833.  76 

105.  48 

22,  722,  513 

Total 

128, 884 

4.20 

5, 413,  499 

19, 240, 109,  644 

1,  214, 016, 803 

3,  554. 10 

224.26 

11,372,316,193 

'  Includes  Alaska. 


84 


STATISTICS    OF   INCOME 


Table  2. — Individual  returns,  1936,  by  net  income  classes:  number  of  returns,  net 
income,  tax,  average  tax  and  effective  tax  rate,  personal  exemption,  credit  for 
dependents,   and  earned  income  credit 

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


Net  income  classes 

(Thousands  of 
dollars) 

Number 
of  returns 

Net  income 

Tax 

Total 

Normal 

Surtax 

Average 

Total  tax 

Under  1  (est.)  > 

258,  474 

19,  329 
707,  495 
585,  871 
353,  789 
464,  634 
360,  681 
212,  278 
560,437 
184,  356 
225,  366 
229,879 

66,  723 

207,  787 

15, 171 

158,  823 

3,506 

121, 889 

749 

166,  221 

110,  009 

73, 174 

51,  708 

39,  025 

30,  454 

24,  369 

20.  101 
16,  462 
14, 196 
45,  978 
25, 089 
14,  996 
17, 140 

9,001 

5,364 

3,406 

2,174 

1,539 

1,137 

2,606 

909 

425 

210 

219 

111 

124 

54 

33 

9 

14 

4 

1 

$176,  860,  996 
10,  251,  949 
841,  730, 138 
758,  907,  662 
612,  680,  742 
798, 090,  164 
818,  954,  953 
469,  819,  936 
1,  521,  863,  402 
514,613,682 
719,  808,  034 
747,  610.  388 
245,  463,  380 
778,  111,  166 
63, 437,  258 
673,  268,  753 
16,  467,  226 
577,  541,  790 
3. 9S9. 959 
908, 134, 127 
711, 155,  303 
546,  367,  633 
4.38,156,725 
369,  986,  375 
319,  108,  933 
279,  845,  061 
2.'^0,  881,  559 
222,  042,  219 
205,  648,  315 
792,  093,  001 
559,  072.  996 
409,  563,  436 
589. 817,  377 
401,112,049 
293,  063,  844 
220, 083.  726 
162,  205,  465 
130,  393,  989 
107,  771,  028 
311,  278,  573 
156, 077,  681 
94,  870,  784 
56,981,208 

75,  135,  964 
49.  387,  253 

76,  009,  910 
46,  752,  464 
38,  279, 495 
14,  517,  132 
35, 425,  763 

(') 
(2) 

Under  1  (est.) 

$330,  502 

$330,  562 

$17. 10 

1-1.5  (est.)  1.. 

1-1.5  (est.)     .  . 

4, 194,  719 

4, 194,  719 

7.16 

1.5-2  (est.)  1 

1.5-2  (est.) 

9, 815,  549 

9,815,549 

21.13 

2-2.5  (est.)  1 

2-2.5  (est.) 

7,  945,  028 

7,  945, 028 

37.43 

2.5-3  (est.)  I 

2.5-3  (est.) 

6, 042,  717 

6, 042,  717 

32.78 

3-3.5  (est.)  1 

3-3.5  (est.) 

6,  793,  346 

6,  793, 346 

29.65 

3.5-4  (est.)  ' 

3.5-4  (est.) 

8,  227,  462 

8,  227, 462 

39.60 

4-^.5  (est.)  1 

4-4.5  (est.) 

4.5-5  (est.)  ' 

8,  567,  485 

8,  614, 372 

$23, 113 

63.94 

4.5-5  (est.).  . 

8,  643,  236 

8,  580,  276 

62,  960 

70.91 

6-6  1 

6-6. 

16,933,441 
16,  427.  217 
15,  697,  366 
1.5,  328,  481 
14,  982,  647 
14, 479,  098 
14, 019,  470 
13,  609,  307 
12,  922, 196 
12,  725,  015 
57,  055,  979 
50,  802,  056 
45,419,316 
80,  002.  806 
65,  916,  538 
56,  266,  595 
48,  598.  391 
40.  733,  712 

36. 835. 176 
33,  611, 146 

116, 156,  238 
70,  355,  339 
47, 023,  783 
30,001,903 

42. 141. 177 
29.  329,  033 
47, 987, 146 
30, 957,  639 
26,  247,  497 
10,  21,5,  700 
26, 084, 814 

(2) 

16,  260, 884 

14,  813,  626 

12,  703,  372 

11,038,162 

9,  850,  652 

8,860,841 

8,  062,  365 

7,423,117 

6,  718,  671 

6,  343.  867 

25.  591,  451 

19,001,612 

14,  354,  163 

21.251,120 

14,  825,  113 

10.  967,  768 

8.312,083 

6, 176, 160 

4,  995, 027 

4, 146,  626 

12,  017.  906 

6.  096,  573 

3,  702,  846 

2,  244,  965 

2,  962,  919 

1,  937,  284 

2,  998, 437 
1, 826,  076 
1,  408,  248 

579,  569 
1,  415, 630 
(') 

672,  557 
1,  613,  591 
2, 993,  994 

4,  290,  319 
5,131.995 
6,  618,  257 

5,  957,  105 
6, 186, 190 

6,  203,  525 
6,381.148 

31.  464,  528 
31, 800,  444 
31,  065, 153 
58,  751,  686 
51,091,425 
45,  298,  827 
40,  286,  308 
34,  557,  552 
31,  840, 149 
29, 464,  520 
104,  138,  332 
64,  258,  766 

43,  320,  937 
27,  756,  938 
39, 178,  258 
27,  391,  749 

44,  988,  709 
29, 131,  663 
24, 779,  249 

9,  636, 131 

24,  669, 184 

(») 

101.87 

6-7.. 

149.  33 

7-8.. 

214.52 

8-9.- 

296. 44 

9-10. 

383.  92 

lO-U 

475, 44 

11-12 

575.  30 

12-13 

677.  05 

13-14 

784. 97 

14-15 

896.38 

15-20 

20-25 

1,  240. 94 

2,  024. 87 

25-30.... 

3, 028.  76 

30-40 

4,  667. 61 

40-50 

7,  323.  25 

50-00.. 

60-70 

10,  489. 67 
14,  268.  46 

70-80 

18,  736.  76 

80-90 

23, 934. 49 

90-100 

29.561.25 

100-150. 

44,  572. 62 

150-200... 

77,398.61 

200-250-. 

250-300. 

110,644.20 
142, 866. 20 

300-400 

192. 425.  47 

400-500 

264,  225. 52 

500-750 

386,  993. 11 

750-1,000 

573,  289. 61 

1,000-1,500 

795,  378.  70 

1,500-2,000 

2,000-3,000 

1, 135,  077.  78 
1, 863.  201. 00 

3,000^,000 

0) 

4,000-5,000. 

(') 

5,000  and  over 

Classes  grouped ' 

19, 418,  672 

14,  590, 478 

776, 022 

13,  814, 466 

2, 918, 096. 00 

Total.... 

5, 413,  499 

19,  240, 109, 644 

1,214,016,803 

330, 197, 185 

883,  819,  618 

224. 26 

2,  552,  391 
2,  861, 108 

5, 021,  256,  094 
14,  218, 853,  550 

Taxable  returns 

1,  214. 016,  803 

330, 197, 185 

883,  819,  618 

424.  32 

For  footnote,  see  p.  86. 


STATISTICS   OF   INCOME 


85 


Table  2. — Individual  returns,  19S6,  by  net  income  classes:  number  of  returns,  net 
income,  tax,  average  tax  and  effective  tax  rate,  personal  exemption,  credit  for 
dependents,  and  earned  income  credit — Continued 


Net  income  classes 
(Thousands  of  dollars) 


Under  1  (est.)>- 
Under  1  (est.).. 

1-1.5  (est.)i 

1-1.5  (est.) 

1.5-2  (est.)i 

1.5-2  (est.) 

2-2.5  (est.)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^.5  (est.)i 

4-4.5  (est.) 

4.5-5  (est.)i 

4.5-5  (est.) 

5-6  1 

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 

500-7.50.. 

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  and  over.. 
Class  grouped '. 


Total. 


Nontaxable  returns ' 
Taxable  returns 


Tax- 
Con. 


Average — 
Con, 


Effective 
tax  rate 
(percent) 


3.22 
'"."55' 
'i."23' 


l.( 


1.50 


1.8G 
2.31 
2.87 
3.50 
4.05 
4.54 


5.01 
5.42 
5.82 
6.19 
7.20 
9.09 
11.09 
13.56 
16.43 
19.20 
22.08 
25.11 
28.25 
31.19 
37.32 
45.  08 
49.57 
52.65 
56.09 
59. 39 
63.13 
66.22 
68.57 
70.37 
73,63 
(2) 

m 


75.14 


8.54 


Personal  exemption  and  credit  for  dependents 


Total 


$424, 234, 

882, 

1, 268,  527, 

578,  614, 

938,  035, 

473, 105, 

1, 002,  238, 

224, 300, 

1,  661,  772 

311,92^ 

749, 127 

504, 906, 

245,  766, 

499,  684 

62,  288, 

399, 133, 

15,  839, 

312,  709, 

3,  7.36, 

430,  338, 

284,  318, 

187,  262, 

129,  534 

97,  792, 

75, 642, 

59, 683 

48, 991 

40,  045, 

34,  481 

110,683 

59, 455, 

35, 163 

39,  624 

20,  747, 

12, 488, 

7, 804, 

4, 896 

3, 463, 

2,  556, 

5,861 

1,995, 

959 

463 

473. 

237, 

256, 

121 

76, 

21 

26, 

(2) 


14, 000 


11,  372,  316, 193 


6,  371,  567, 189 
5, 000,  749, 004 


Personal 
exemption 


$392, 974, 215 

797, 192 

1, 122,  601,  258 

577,  761,  628 

820,  637,  787 

460,  760,  738 

892, 809, 974 

213,4.58,807 

1,  399,  545,  891 

305,  645,  043 

563, 012,  560 

482,  664,  325 

166,  866,  312 

451,  649,  205 

37,  923,  845 

347,  547,  330 

8,  721,  526 

266, 404,  317 

1,  854,  745 

358,  463,  667 

235, 946, 928 

154, 088,  282 

107,  149, 069 

80,  702, 187 

62,  637, 694 

49,  484,  591 

40,  623,  023 

33,194,960 

28,  642,  893 
91, 859, 370 
49,  448,  972 

29,  286, 814 
33, 126,  022 
17,331,016 
10,  445, 986 

6,571,625 

4,110,725 

2, 924,  258 

2, 148, 432 

4, 975, 916 

1,  702,  708 

833, 812 

394,  208 

412,  785 

206,  000 

230,  667 

110,375 

69,  292 

19,500 

23,  500 

(2) 

(2) 


12, 000 


9, 920,  813, 975 


5,406,948,113 
4,  513, 865, 862 


Credit  for 
dependents 


$31, 259, 915 

85,  303 

145,  926, 099 

852,  465 

117,  397, 484 

12,  344,  623 

109, 428,  27] 

10,  841, 345 

262,  226,  696 

6,  282,  320 

186,115,425 

22,  242,  332 

78, 900,  542 

48, 035,  739 

24,  364,  341 

51,  585, 8?,r, 

7,118,071 

46.  305,  238 

1,  882,  232 
71,  875,  293 
48,  371, 934 
33, 173, 891 
22,  385,  257 
17,090,203 
13, 005,  299 
10, 199,  295 

8,  368,  657 
6,850,8)0 
5, 838,  526 
18,  824,  602 
10,  006,  508 
5, 876,  565 
6. 498,  196 
3,416,753 

2,  042,  452 
1,233,315 

785,  533 

539,  740 

408, 149 

885,  294 

292,  461 

126, 163 

69,  667 

60, 412 

31,  434 

26,  265 

11,  300 

7,000 

1,600 

3,367 

(') 

(') 


2,000 


1, 451,  502,  218 


964, 619, 076 
486,  883, 142 


Earned 
income 
credit 


$4,  568, 144 
1, 025, 195 
60,  678, 905 
75, 890, 766 
30, 096, 122 
79, 809, 016 

36,  314, 309 
46, 981, 994 

109, 133, 655 
51, 461,  368 
50, 981,  768 
71,825,017 
17,  708, 627 
71,  438,  342 

4, 416,  231 
59, 181, 303 

1, 136,  205 
48, 993,  446 
234,  634 
73, 950, 612 
54,  354,  249 
39, 464, 064 
30, 128, 113 
24,  381, 038 
20,  268, 178 
17, 150, 440 
14, 914, 296 
12,  792, 109 
11,488,527 

37,  534, 440 
21, 297, 413 
12,787,298 
14,  759, 369 

7,  857, 684 
4, 729,  056 
3,045,936 
1, 930, 942 

1,  344,  145 
985,  604 

2,  266, 020 
779, 865 
369, 161 
167,  508 
170,  690 

85, 133 

85, 573 

39,464 

23, 945 

6,800 

7,971 

(•) 

(') 


4,145 


1,  231, 043,  715 


315,  268,  580 
915,  775, 135 


'  Nontaxable  returns.    Specific  ex'emptions  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. 
Classes  grouped  to  conceal  identity  of  taxpayer. 


86 


STATISTICS   OF   INCOME 


Table  3. — Individual  returns,  1936,  by  net  income  classes:  simple  and  cumulative 
distribution  of  number  of  returns,  net  income  and  tax,  and  percentages 

[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.  1-5] 


Returns 

Net  income  classes 

Simple  distribution 

Cumulative    distri- 
bution from  high- 
est income  class 

Cumulative       distri- 
bution from  lowest 
income  class 

Number 

Percent  of 
total 

Number 

Percent  of 
total 

Number 

Percent  of 
total 

Under  1  (est.)  ..              - 

277, 803 

2,111,789 

1,317,752 

729,  755 

299,  3S9 

166, 970 

110, 009 

73, 174 

51,  708 

39. 025 

30, 454 

24,  369 

20, 101 

16,  462 

14, 196 

45, 978 

25, 089 

14, 996 

17, 140 

9,001 

5,364 

3,406 

2,174 

1,539 

1,137 

2,606 

909 

425 

210 

219 

111 

124 

54 

33 

9 

14 

4 

1 

5.13 

39.01 

24.34 

13.48 
5.53 
3.09 
2.03 
1.35 
.96 
.72 
.56 
.45 
.37 
.30 
.26 
.85 
.46 
.28 
.32 
.17 
.10 
.06 
.04 
.03 
.02 
.05 
.02 
.01 

(') 

(') 

(') 

0) 

(') 

(') 

(') 

(') 

(') 

(>) 

5,  413,  499 

5, 135,  696 

3,  023, 907 

1,  706, 155 

976,  400 

677,011 

510,041 

400, 032 

326, 858 

275, 150 

236, 125 

205,  671 

181, 302 

161,201 

144, 739 

130,  543 

84,  565 

59, 476 

44, 480 

27, 340 

18, 339 

12, 975 

9,569 

7,395 

5,856 

4,719 

2,113 

1,204 

779 

569 

350 

239 

115 

61 

28 

19 

5 

1 

100. 00 

94.87 

55.86 

31.52 

18.04 

12.51 

9.42 

7.39 

6.04 

5.08 

4.36 

3.80 

3.35 

2.98 

2.68 

2.42 

1.57 

1.11 

.83 

.51 

.34 

.24 

.18 

.14 

.11 

.09 

.04 

.02 

.01 

.01 

.01 

0) 

(■) 

(') 

0) 

0) 

0) 

0) 

277,  803 

2,  389,  592 

3,  707, 344 
4, 437, 099 

4,  736, 488 
4, 903,  458 

5,  013,  467 
5.086,641 
5, 138,  349 
5, 177,  374 
5. 207, 828 
5, 232, 197 
5,  252,  298 
5,  268,  760 
5,  282, 956 
5, 328, 934 
5,  354, 023 
5,369,019 
5,386,159 
5,395,  i  60 
5, 400,  524 
5,  403, 930 

5. 406,  104 

5. 407,  643 
5,  408,  780 
5,411,386 
5,412.295 
5,  412,  720 
5,412.930 
5,  413,  149 
5,  413,  260 
5,  413, 384 
5,413.438 
5,413,471 
5, 413,  480 
5,  413,  494 
5,413,498 
5,413,499 

5.13 

1-2  (est.)..                       

44.14 

2-3  (est.) 

68.  4S 

3-4  fest.) 

81.96 

4-5  (est.) 

87.49 

5-6- -.- -- 

90.58 

6-7 

92.61 

7-8 

93.96 

8-9 

94.92 

9-10 

95.64 

10-11 - - 

96.20 

11-12 .- 

96.65 

12-13 - 

97.02 

13-14 

97.32 

14-15 

97.58 

15-20 

98.4a 

20-25 

98.89 

25-30 .... 

99.17 

30-40 - 

99.49 

40-50 

99.66 

50-60 

99.76 

60-70 

70-80 - 

99.82 
99.86 

80-90        

99.89 

90-100 

99.91 

100-150 

99.96 

150-200 

99.98 

200-250 

99.99 

250-300    . 

99.99 

300-400  

99.99 

400-500 

99.99 

500-750 

99.99 

750-l,000_ 

99.99 

1,000-1,500 

99.99 

1,500-2,000 -. 

99.99 

2,000-3,000         

99.99 

3,000-4,000  ..   

99.99 

4,000-5,000..   

100.  00 

Total                                .  — - 

5,  413,  499 

100. 00 

For  footnotes,  see  p.  88. 


STATISTICS    OF   INCOME  87 

Table  3. — Individual  returns,  1936,  by  net  income  classes:   simple  and  cumulative 
distribution  of  number  of  returns,  net  income  and  tax,  and  percentages — Contd. 

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


Net  income  classes 


Net  income 


Simple  distribution 


Amount 


Percent  of 
total 


Cumulative  distri- 
bution from  high- 
est income  class 


Amount 


Percent  of 
total 


Cumulative  distri- 
bution from  lowest 
income  class 


Amount 


Percent  of 
total 


Under  1  (est.)- 

1-2  (est.) 

2-3  (est.) 

3-4  (est.) 

4-5  (est.) 

5-6 

6-7 

7-8..- -. 


9-10 

1(M1 

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.'^0 

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 


187. 113 

3, 01 1, 409 

3,  325,  252 

2, 490, 993 

1,  330,  715 

912, 124 

711, 155 

546, 368 

438, 157 

369,  986 

319, 109 

279, 845 

250, 881 

222, 042 

205,  648 

792, 093 

559, 073 

409,  563 

.589,  817 

401, 112 

293,  064 

220,  084 

162,  205 

130,  394 

107,  771 

311,  279 

156, 078 

94, 871 

56, 981 

75, 136 

49, 387 

76, 010 

46,  752 

38,  279 

14,  517 

35, 426 

(2) 

(2) 


0.97 

1.5.  65 

17.28 

12.95 

6.92 

4.74 

3.70 

2.84 

2.28 

1.92 

1.66 

1.45 

1.30 

1.15 

1.07 

4.12 

2.91 

2.13 

3.07 

2.08 

1.52 

1.14 

.84 

.68 

.56 

1.62 

.81 

.49 

.30 

.39 

.26 

.40 

.24 

.20 


.18 


19,  240. 110 

19, 052,  997 

16,  041,  588 

12,  716,  336 

10,  225, 343 

8, 894,  628 

7, 982,  504 

7,  271, 349 

6,  724,  981 

6,  286, 824 

5, 916,  838 

5,  597,  729 

5, 317,  884 

5, 067,  002 

4. 844,  960 

4, 6.39,  312 

3, 847,  219 

3,  288, 146 

2, 878,  582 

2,  288,  765 

1, 887, 653 

1,  594,  589 

1, 374,  505 

1,  212,  300 

1, 081, 906 

974, 135 

662,  856 

506,  779 

411, 908 

354, 927 

279,  791 

230, 403 

154, 394 

107, 641 

69, 362 

54,844 

(2) 

(2) 


100.00 

99.03 

83.38 

66.10 

53.15 

46.23 

41.49 

37.79 

34.95 

32.67 

30.75 

29.09 

27.64 

26.34 

25.19 

24.12 

20.00 

17.09 

14.96 

11.89 

9.81 

8.29 

7.15 

6.31 

5.63 

5.07 

3.45 

2.64 

2.15 

1.85 

1.46 

1.20 


.56 
.36 


187, 113 
3, 198,  522 
6,  523,  774 
9, 014,  767 
10, 345,  482 
11,257,606 
11,968,761 

12,  515, 129 
12, 953,  285 
13. 323,  272 

13,  642, 381 
13, 922,  226 
14, 173, 103 
14, 395, 150 

14,  600,  798 

15,  392, 891 
15,951,964 
16, 361,  527 

16,  951, 345 
17, 352, 457 

17,  645,  521 

17,  865,  604 

18,  027,  810 
18, 158,  204 
18,  265, 975 
18,  577,  253 
18, 733, 331 
18,  828,  202 
18, 885, 183 
18,  960,  319 
19, 009,  706 
19, 085,  716 
19, 132,  469 
19, 170,  748 
19, 185,  265 
19, 220,  691 

(2) 
(2) 


19, 419 


.10 


19,  419 


19, 240, 110 


19, 240, 110 


100.00 


0.97 
16.62 
33.90 
46.85 
53.77 
58.51 
62.21 
65.05 
67.33 
69.25 
70.91 
72.36 
73.66 
74.81 
75.88 
80.00 
82.91 
85.04 
88.11 
90.19 
91.71 
92.85 
93.69 
94.37 
94.93 
96.55 
97.36 
97.85 
98.15 
98.54 
98.80 
99.20 
99.44 
99.64 
99.72 
99.90 
(2) 


100.00 


For  footnotes,  see  p. 


88 


STATISTICS   OF   INCOME 


Table  3. — Individual  returns,  1936,  by  net  income  classes:  simple  and  cumulative 
distribution  of  number  of  returns,  net  income  and  tax,  and  percentages — Contd, 

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


Tax 

Net  income  classes 

Simple  distribution 

Cumulative    distri- 
bution from  liigh- 
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.)         

331 
14,010 
13, 988 
15,021 
17,211 
16, 933 
16, 427 
15,  697 
15,  328 
14, 983 
14, 479 
14,019 
13,  609 
12, 922 
12,  725 
67, 056 
50, 802 
4.5,  419 
80. 003 
65.917 
56,  267 
48,  598 
40, 734 
36,  835 
33,  611 
116, 156 
70, 355 
47. 024 
30. 002 
42, 141 
29, 329 
47, 987 
30,  958 
26,  247 
10,216 
26, 085 
(2) 
(2) 

0.03 
1.15 
1.15 
1.24 
1.42 
1.40 
1.35 
1.29 
1.26 
1.24 
1.19 
1.15 
1.12 
1.06 
1.05 
4.70 
4.19 
3.74 
6.59 
5.43 
4.64 
4.00 
3.36 
3.03 
2.77 
9.57 
5.80 
3.87 
2.47 
3.47 
2.42 
3.95 
2.55 
2.16 
.84 
2.16 
0) 

1,214,017 

1,213,686 

1, 199,  676 

1, 185. 688 

1, 170,  667 

1, 153, 4,57 

1, 136,  523 

1,120,096 

1, 104, 399 

1, 089, 070 

1, 074, 088 

1, 059,  608 

1, 045.  589 

1,031,980 

1,019,0.57 

1, 006, 332 

949, 276 

898, 474 

853, 055 

773, 0.52 

707,  136 

650,  869 

602,  271 

561,537 

524,  702 

491,  091 

374,935 

304, 579 

257,  555 

227, 553 

185,  412 

156, 083 

108, 096 

77, 138 

50,  891 

40,  675 

(2) 

100. 00 
99.97 
98.82 
97.67 
96.43 
95.01 
93.61 
92.26 
90.97 
89.71 
88.47 
87.28 
86.13 
85.01 
83.95 
82.90 
78.  20 
74.01 
70.27 
63.68 
58.25 
53.61 
49.61 
46.25 
43.22 
40.45 
30.88 
25.08 
21.21 
18.74 
15.27 
12.85 
8.90 
6.35 
4.19 
3.36 
(») 
(») 

331 

14, 341 

28,  329 

43, 349 

60,  560 

77, 494 

93, 921 

109, 618 

124, 947 

139, 929 

154,408 

168. 428 

182,037 

194,  959 

207,  684 

264, 740 

315,  542 

360. 962 

440, 964 

606, 881 

563, 148 

611,746 

652, 480 

689,  315 

722, 926 

8.39, 082 

909, 438 

956, 461 

986, 463 

1, 028,  604 

1, 057, 934 

1, 105, 921 

1, 136, 878 

1, 163, 126 

1,173,342 

1, 199, 426 

(^) 

0.03 

1-2  (est.) 

1.18 

2-3  (est  )           

2.33 

3-4  (est.)    

3.57 

4-5  (est.)    

4.99 

6-8         - -- 

6.39 

6-7     - 

7.74 

7-8  -- 

9.03 

8-9             

10.29 

9-10         

11.53 

10-11    

12.72 

11-12    

13.87 

12-13      - 

14.99 

13-14             

16.05 

14-15         

17.10 

16-20       

21.80 

20-25    

25.99 

25-30      

29.73 

30-40                  

36.32 

40-50             

41.75 

50-60    - 

46.39 

60-70         

60.39 

70-80      

53.75 

80-90     

56.78 

eO-100     

59.55 

100-150  

69.12 

150-200         

74.92 

200-250      

78.79 

250-300      

81.26 

300-400    

84.73 

400-500                   

87.15 

600-750... 

91.10 

750-1,000            

93.65 

1,000-1,.500  

95.81 

96.65 

2,000-3,000 

98.80 

O 

4,000-5,000          

h 

6  000  and  over 

Classes  grouped ' 

14, 590 

1.20 

14,590 

1.20 

1,214,017 

100.00 

Total 

1,214,017 

100.00 

•  Less  than  one-hundredth  of  1  percent, 

'  Classes  grouped  to  conceal  identity  of  taxpayer. 


STATISTICS   OF   INCOME 


89 


Table  4. — Individual  returns,  1936,  by  States  and  Territories  and  by  sex  and  family 
relationship:  number  of  returns  and  net  income 

[Money  figures  in  thousands  of  dollars] 

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


States  and  Territories 


Joint  returns  of  hus- 
bands, wives,  and 
dependent  c  h  i  1  - 
dren,  and  returns 
of  either  husband 
or  wife  when  no 
other  return  is  filed 


Number 
of  re- 
turns 


Net  in- 
come 


Separate  returns  of  husbands  and  wives 


Men' 


Number 
of  re- 
turns 


Net  in- 
come 


Women ' 


Number 
of  re- 
turns 


Net  in- 
come 


Heads  of  families 


Single  men,  and 

married  men  not 

living  with 

wives 


Number 
of  re- 
turns 


Net  in- 
come 


Alabama 

Arizona. 

Arkansas. 

California 

Colorado 

Connecticut 

Delaware ■ 

District  of  Columbia. . . 

Florida.. 

Georgia. 

Hawaii 

Idaho 

Illinois 

Indiana — 

Iowa .- 

Kansas... 

Kentucky 

Louisiana.- 

Maine.-- 

Maryland 

Massachusetts 

Michigan 

Minnesota - 

Mississippi 

Missouri 

Montana 

Nebraska 

Nevada- 

New  Hampshire 

New  Jersey 

New  Mexico 

New  York 

North  Carolina 

North  Dakota 

Ohio 

Oklahoma. 

Oregon.. - 

Pennsylvania 

Rhode  Island.. 

South  Carolina 

South  Dakota 

Tennessee. 

Texas 

Utah.. 

Vermont 

Virginia 

Washington ' 

West  Virginia 

Wisconsin 

Wyoming 


Total 2,392,833 


17,  GOl 
7,  935 

10,  338 
162,  269 

20,  418 
42,  069 

6,006 

35,  263 

23.  939 

26,  981 

7,375 

6.242 

189,  296 

49,  594 

35,  219 
27, 487 

21,  828 

18,  397 
11,118 
49,  442 

105,  362 

111,  176 

41,512 

9,783 

63,  067 

10, 177 

19,  655 
3, 154 
8,310 

116,  837 

5,  320 
428,  798 

22,  578 
6,473 

135,  096 
31,969 
18,845 

193,  621 
14,  484 
10, 901 

6,  035 
25,  228 
68,  266 

9,  268 

5,  084 

32,  976 

36,  368 
21,  646 
56,  731 

5,  296 


68,  407 
24, 093 
41,  724 

540,  348 
80, 075 

176,  670 
28, 146 

146, 108 

103,  390 

109,  076 
28,303 
20, 133 

825, 045 
190,  770 
111,384 
94,  155 

87,  325 
58,911 
43,  345 

207,  937 
412,  727 
462,  596 
164, 184 

35,  825 
249,  191 

39,  213 

72.  591 
10.  676 
30,  575 

478,  932 

16,  670 

1, 736,  426 

88,  477 
18,514 

560,  621 

110,  745 

73,  619 
764,  247 

60,  493 

39,  212 

18,512 

105, 022 

214,  930 

32,  314 

19,  528 

126, 369 

115,  567 

80,  410 

179,  836 

18, 072 


9,  321,  442 


565 

710 

411 

11,683 

1,055 

3,417 

588 

2,451 

1,635 

1,299 

418 

675 

11,117 

2,092 

1,248 

970 

1,106 

1,  583 

741 

3,186 

9,896 

4,652 

1,867 

437 

3,132 

338 

698 

248 

570 

7,272 

555 

31,  727 

1,373 

153 

7,407 

1, 452 

778 

10,  074 

952 

491 

130 

1,163 

8,720 

421 

258 

1,518 

2,831 

923 

3,227 

151 


7,221 

2,575 

4,100 

58,  815 

15,  836 

62, 804 

30,  369 

23,  857 

26,  032 

18, 192 

7,845 

2,205 

193, 405 

30, 166 

12,  906 

10,  376 

14,  787 

5,297 

9,994 

38, 920 

129,  420 

94,  078 

32,  433 

4,308 

62, 164 

3,167 

7,952 

2,483 

6,811 

102,947 

1,772 

581,097 

20,216 

1,089 

109, 482 

16, 093 

8,515 

174,  398 

17,  747 

4,701 

1,242 

14,  305 

26,  350 

4,391 

2,  553 

19, 492 

10,  284 

10,  543 

83,916 

2.  113 


629 

739 

384 

12, 005 

902 

3,539 

512 

2,365 

1,444 

1,359 

314 

633 

9,597 

1,664 

1,074 

782 

902 

1,534 

722 

2,489 

8,926 

3,931 

1,761 

421 

2,751 

425 

599 

240 

495 

6,975 

531 

27,  695 

1,362 

134 

6,063 

1,266 

629 

9,241 

880 

508 

135 

1,161 

8,412 

266 

205 

1,031 

2,820 

826 

2,802 

131 


3,330 
2,  610 
2,170 
50,  366 
6,025 

32,  796 

10,  676 

12,  290 

13,  972 
8,442 
2,877 
1,992 

72,  768 
12, 020 
5,171 
4,114 
5,318 
4,935 
4.370 
17,  962 
55,  442 

33,  741 
12, 495 

1,761 

19,  683 
1,354 
2,718 
1,137 
3,296 

49.  254 

1,600 

245, 929 

8,773 

484 

48,  342 
7,087 
3,451 

75,  619 

9,025 

1,756 

432 

5,814 

25, 368 
1,727 
1,349 
9,736 
8,997 
4,516 

11,  978 
607 


1,611 

512 

759 

24,  291 

2,410 

8,816 

695 
3,758 
2,235 
2,850 
1,084 

668 

30,  595 

6.608 

3,168 

2,075 

3,069 

3,530 

1,815 

5,829 

19,  430 

17,  335 

5,108 

720 
10,  832 
1,  854 
1,689 

356 

1,006 

22,  684 

503 

70,  284 

2,113 

408 
25, 107 
2,119 
2,761 
41,726 
3,515 
1,087 

540 
2,665 
6,190 

997 
1,032 
4,594 
4,122 
3,907 
5,874 

483 


671 
446 
252 
293 
716 
735 
898 
073 
039 
125 
619 
528 
335 
313 
142 
914 
329 
605 
291 
646 
330 
259 
659 
255 
152 
878 
611 
147 
254 
769 
283 
135 
773 
999 
357 
262 
981 
477 
212 
816 
240 
232 
436 
284 
285 
679 
434 
497 
079 
232 


150,  364 


2, 071, 764 


136,  211 


927,  683 


367, 419 


957,  966 


For  footnotes,  see  p.  91. 


90 


STATISTICS   OF   INCOME 


Table  4. — Individual  returns,  19S6j  by  States  and  Territories  and  by  sex  and  family 
relationship:  number  of  returns  and  net  income — Continued 

[Money  figures  in  thousands  of  dollars] 


States  and  Territories 


Heads  of  families 


Single  women  and 
married  women 
not  living  with 
husbands 


Number 
of  returns 


Net  in- 
come 


Not  heads  of  families 


Single  men  and  mar- 
ried men  not  living 
with  wives 


Number  of 
of  returns 


Net  income 


Single  women  and 
married  women  not 
living  with  hus- 
bands 


Number 
ofreturns 


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 

Rhode  Island 

South  Carolina 

South  Dakota 

Tennessee 

Texas. 

Utah 

Vermont .— 

Virginia 

"Washington ' 

West  Virginia. 

Wisconsin 

Wyoming 

Total 


939 

311 

516 

16, 668 

1, 138 

4,771 

503 

5,898 

1,615 

1,972 

360 

309 

15.  771 

2,714 

1,841 

1,675 

1.900 

2,183 

715 

3,375 

12, 425 

4,857 

2,326 

459 

4,290 

513 

1,227 

143 

697 

11,531 

283 

43, 884 

1,569 

240 

10, 805 

1,548 

1,250 

17, 876 

1,591 

678 

187 

1,709 

4,902 

460 

604 

2,190 

2,046 

1,056 

2.820 

195 


2,167 

887 

1,334 

43,  435 
3,535 

14,  250 
2,607 

12,975 
6,392 
4,823 
1,432 
677 

39, 635 
5,875 
3,338 
3,137 
4,478 
5,805 
2,007 
9,590 

28,  931 

13, 052 
5,944 
1,184 

10,  321 

1,089 

2,446 

438 

1,818 

28,669 

712 

119,  381 

4,154 

472 

24, 846 
3,342 
2,392 

48,  000 

4,599 

1,609 

351 

4,037 

12, 972 
997 
1,188 
5,486 
4,671 
3,287 
6,274 
549 


6,923 

4,015 

2,481 

116,  648 

9,418 

35,  972 

2,855 

24, 388 

7,238 

7,748 

3,829 

3,751 

102,  040 

29,  716 

15,  245 

8,641 

9,493 

8,014 

5,504 

25,402 

63, 196 

71, 578 

21, 450 

2,852 

28, 127 

8,  354 

7,447 

2,552 

4,637 

53, 825 

2,161 

210,  046 

6,680 

2,208 

82,  716 

8,071 

9,431 

131,  500 

10,  051 

3,524 

2,383 

9,430 

30, 305 

3,348 

2,841 

12,  455 

25,  074 

15,  086 

35,  252 

3,756 


13,300 

7,947 

5,718 

233,  930 

19, 095 

68,  470 
9,232 

53,597 

19,  301 
16, 889 

7,725 

6,592 

228,  739 

52,  966 

26, 384 

17,  798 

20,  918 

18,  225 
11,968 
57, 892 

141,408 
145,  764 

39, 972 
5,811 

59,  767 

15,  585 
14,  921 

5,247 

8,718 
110, 067 

4,545 

486,  380 

14,  547 

3,443 
167,  741 

16,  891 
16, 158 

259,  377 
20, 164 
6,637 
3,948 

21,  251 
65, 886 

5,868 
5,322 
27,  977 
43. 475 
27,  936 
58,  949 
6,409 


199,  535 


511,590 


1,  299,  657 


2,  706, 848 


3,191 
1,625 
1,587 

63,  637 
4,576 

21,918 
2,169 

32,  356 
5,562 
6,952 
1,733 
1,174 

56,  122 

10,  291 
8,723 
5,324 
6,482 
4,579 
4,115 

15,  218 
61, 137 
24,  207 

11,  559 
1,537 

17,282 
2, 163 
5,295 
454 
3,633 

39,  338 

1,202 

153, 079 

6,094 

1,127 

39,  349 
4,  491 
3,836 

62,  574 
6,245 
2,615 
1,220 
6.291 

15,614 
1,397 
2,055 
7,272 

10,  570 
3,774 

16, 327 
621 


6,277 

2,853 

3,373 

149,  232 

12,688 

55, 462 

7,380 

64,  250 

18.  498 

13,668 

6,  777 

2,035 

124,  745 

20,  587 

15,  447 
9,943 

14,  064 
9,966 

11,369 

35,512 
142, 803 

55,  330 

22,  762 
3,078 

37,  939 
4,222 
9,129 
1,222 
8,102 

86,  486 

2,453 

393,  709 

11,  749 
1,558 

89,  526 

8,677 

6,994 

154,  030 

17,  821 
4,544 
1,831 

12,005 

33,  666 
2,762 
4,400 

16,  172 
19, 455 

8,947 

29, 151 

1,178 


769,  692 


1,  775, 820 


For  footnotes,  see  p.  91. 


STATISTICS    OF   INCOME 


91 


Table  4. — Individual  returns,  19S6,  hy  States  and  Territories  and  by  sex  and  family 
relationship:  number  of  returns  and  net  income — Continued 

[Money  figures  in  thousands  of  dollars] 


States  and  Territories 


Community  prop- 
erty returns » 


Number 
of  returns 


Net  in- 
come 


Estates  and  trusts 


Number 
of  returns 


Net  in- 
come 


Orand  total 


Number  of 
returns 


Net  income 


Alabama 

Arizona 

Arkansas 

California 

Colorado 

C  onnecticut 

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. 

TSTew  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 


8,696 


25,483 


336,959 


678 


6,277 


3,793 


47,  743 


390 


4,654 


608 


5,710 


13,203 


164,  759 


4,268 


45,328 


253 
107 
111 

3,444 
415 

1,303 
411 
384 
380 
351 
101 
71 

3,765 
624 
827 
420 
409 
115 
327 
732 

3,948 

1,627 
711 
87 

1,040 

92 

277 

17 

316 

1,866 

59 

11,428 

306 

66 

2,246 
361 
248 

3,899 

706 

171 

94 

401 

1,243 
105 
114 
413 
541 
309 

1,169 
69 


1,274 
331 

486 
18,220 
2,527 
7,919 
5,386 
2,318 
3,081 
2,420 
1,160 

253 
30, 363 
3,322 
2,346 
1,180 
1,788 

567 
1,516 
6,129 
27,844 
15, 758 
5,530 

292 
7,669 

280 

771 

42 

1,246 

13, 029 

208 

100,  395 

1,675 

147 

19, 072 

1,700 

951 

30, 177 

3,906 

512 

199 
2,650 
8,078 

583 

521 
2,062 
2.440 
1,610 
4,767 

166 


31, 712 
16,842 
16, 587 

436, 128 
40, 332 

121, 805 
13, 739 

106, 863 
44,048 
49,  512 

15,  214 
14,201 

418, 303 
103,303 
67. 345 
47, 374 
45, 189 
43,728 
25, 057 
105, 673 
284,320 
239, 363 
86, 294 

16,  296 
130, 521 

23,916 

36, 887 

7,554 

19, 664 

260,  328 
11,  222 

976. 939 
42,  075 
10,809 

308,  789 
51,277 
37,  778 

470, 511 
38,424 
19, 975 
10,724 
48, 048 

156,  855 
16,  262 
12, 193 
62,449 
88,640 
47,  527 

124,  202 
10,  702 


Total. 


49, 311 


620, 126 


8,477 


346, 870 


5, 413, 499 


106,648 

61,444 

61, 157 

1, 494, 599 

146,  499 

439, 106 

96, 695 

327, 468 

197, 705 

181,  626 

68,738 

41, 693 

1,  599, 035 

332, 021 

184, 118 

145, 617 

157, 007 

160, 055 

88, 859 

391,  589 

988, 904 

862,  578 

296, 979 

54, 517 

462, 885 

68, 788 

115, 138 

27, 045 

62, 820 

928, 153 

34, 953 

3, 864,  453 

156, 362 

26,  705 
1,  078, 986 

170.  786 
118.061 
1,  604, 325 
141, 968 
61, 787 

27,  756 
173, 317 
669,444 

50, 927 
37, 146 
218, 974 
259,  650 
145, 746 
338, 951 
30, 327 


19, 240, 110 


1  Includes  Alaska. 

'  An  unequal  number  of  separate  returns  of  husbands  and  wives  results  from  the  use  of  the  sample  method 
■for  returns  with  net  income  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. 


aiSltJT— 38- 


92 


STATISTICS   OF   INCOME 


Table  5. — Individual  returns,  1936,  by  net  income  classes  and  by  sex  and  family 
relationship:  number  of  returns  and  net  income 

[Net  income  classes  and  money  figures  in  thousands  of  dollars] 
[For  text  defining  certain  items  and  describing  mettiods  of  tabulating  and  estimating  data,  see  pp.  1-5] 


Net  Income  classes 


Under  1  fest.)>- 
Under  1  (est.).. 

1-1.5  (est.)i 

1-1.5  (est.) 

1.5-2  (est.)i..-. 

l.E-2  (est.) 

2-2.5  (est.)i 

2-2.5  (est.) 

2.5-3  (est.)' 

2.5-3  (est.) 

3-3.5  (est.)i 

3-3.5  (est.) 

3.5-4  (est.)i 

3.5-4  (est.) 

4-4.5  (est.)i 

4-4.5  (est.) 

4.5-5  (est.)' 

4.5-5  (est.) 

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 

50-60 

60-70 

70-80 

80-90. 

90-100.. 

100-150 

150-200. 

200-250 

260-300 

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- 


Joint  returns  of  hus- 
bands, wives,  and 
dependent  children 
and  returns  of  ei- 
ther husband  or 
wife  when  no  other 
return  is  filed 


Number 
of  returns 


76, 

109, 

1, 

156, 

4, 

265, 

5, 

511, 

78. 

209, 

157, 

63, 

150, 

14, 

115, 

3, 

88, 

115, 

72, 

44, 

29, 

21, 

16, 

12, 

9, 

7, 

6, 

19, 

9, 

4, 

4, 

2, 

1, 


Nontaxable  returns ' . 
Taxable  returns 


382 
378 
342 
619 
188 
886 
758 
894 
915 
606 
674 
827 
352 
088 
532 
738 
292 
026 
680 
006 
621 
697 
866 
588 
112 
317 
748 
656 
546 
343 
094 
741 
547 
086 
065 
568 
317 
205 
127 
259 
75 
35 
13 
11 
3 
5 
2 
3 


Net 
income 


2, 392, 833 


1,411,115 
981, 718 


45,  935 

224 

139, 031 

2,180 

274,  857 

8,689 

608, 401 

13,  270 

1, 390, 634 

225,  787 

669,  888 

514, 147 

233, 065 

562, 301 

60, 742 

490,  644 

15, 462 

417, 037 

3,620 

627. 919 
469, 086 
333, 528 

252. 920 
204,  569 
168,  772 
141,397 
121,625 
103,  267 

94,  827 

331, 978 

202, 040 

129, 386 

155, 698 

92,611 

57, 989 

36,  742 

23, 642 

17,  420 

12,005 

30, 529 

12, 881 

7,779 

3,513 

3,821 

1,302 

3,092 

(') 

(*) 


Separate  returns  of  husbands  and 
wives 


Men  > 


Number 

of 
returns 


5,193 


9. 321,  442 


3,441,6.35 
5, 879, 807 


4,007 

1,662 

4.928 

2,577 

3,837 

4,651 

3,953 

5,685 

4,938 

5,793 

1,960 

7,133 

493 

7,878 

72 

7,110 

50 

5,996 

I        7 

6,969 

6,658 

5,844 

5,021 

4,365 

3,846 

3,246 

2,929 

2,658 

2,384 

8,752 

5,848 

3,860 

5,089 

2,991 

1,932 

1,303 

828 

615 

466 

1,112 

389 

187 

86 

95 

47 

56 

29 

14 

5 

6 

3 

1 


Net 
income 


150,  364 


24,  245 
126, 119 


2,412 
980 
6,104 
3,355 
6,601 
8,196 
8,947 

12,  764 

13,  407 
16, 002 

6,262 

23,  225 

1,820 

29,  548 

302 

30,217 

234 

28,  433 

38 

38, 327 

43,  272 

43,713 

42,  628 

41,431 

40, 336 

37, 320 

36,  574 

35, 871 

34,519 

151,633 

130.  617 

105,  609 

175.  737 

133,  574 

105,  544 

84,  295 

61,781 

52,  020 

44, 180 

133,  550 

66,  730 

41,811 

23, 199 

32,  753 

20,  827 

34, 837 

25,  387 

16, 209 

8,105 

14, 824 

(*) 

(*) 


Women ' 


Number 

of 
returns 


15,  701 


2, 071,  764 


46, 127 
2, 025, 637 


6,042 

16,718 

6,297 

9,987 

2,074 

10,  726 

848 

9,464 

475 

8,141 

159 

7,543 

64 

8,112 

37 

6,867 

17 

5,646 

8 

5,349 

4,201 

3,294 

2,638 

2,190 

1,783 

1,563 

1,393 

1,137 

998 

3,669 

2,252 

1,453 

1,824 

1,011 

629 

369 

246 

195 

157 

345 

108 

67 

24 

34 

17 

21 

9 

6 

2 

1 

1 


Net 
income 


136,211 


16, 021 
120, 190 


3,495 

8,690 

7,563 

12,  519 

3,  528 

18,  670 

1.886 

21, 192 

1,274 

22, 336 

502 

24,  510 

244 

30, 440 

158 

29, 102 

79 

26,  729 

43 
29, 266 

27,  209 
24,  640 
22, 374 
20,  789 
18, 684 
17, 946 
17,394 
15, 347 
14,461 
63,  245 
50,  292 
39,  663 
62.971 
44, 983 
34, 408 
23,  844 
18,  332 
16,  521 
14,  875 
41,343 
18,  499 
15,112 

6, 475 
11,513 

7,679 
12,  728 

7.489 

7,019 

(') 

(*) 


Heads  of 

families 


Single  men  and 
married  men  not 
living  with  wives 


Number 

of 
returns 


9,626 


927, 683 


18,  770 
908, 913 


8,226 

7 

94, 161 

72 

102, 063 

258 

63,  782 

382 

32,  868 

3,543 

10, 890 

7.537 

2,223 

8,090 

406 

5,904 

98 

4,488 

28 

5,609 

3,646 

2,585 

1,761 

1,315 

1,060 

871 

665 

549 

495 

1,455 

759 

429 

505 

243 

131 

100 

60 

30 

27 

52 

25 

8 

5 

4 

3 

1 


Net 
income 


367,  419 


314,  745 
52,  674 


For  footnotes,  see  p. 


STATISTICS    OF   INCOME 


93 


Table  5. — Individual  returns,  1936,  by  net  income  classes  and  by  sex  and  family 
relationship:  number  of  returns  and  net  income — Continued 

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


Net  income  classes 


Heads  of  families- 
Continued 


Single  women  and 
married  women 
not  living  with 
husbands 


Not  heads  of  famUies 


Number 

of 
returns 


Net 
income 


Single  men  and  mar- 
ried men  not  living 
with  wives 


Number 
of  returns 


Net 
income 


Single  women  and 
married  women  not 
living  with  hus- 
bands 


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.)' 

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.) , 

5-6' , 

5-6 - 

6-7 

7-8. 

8-9.. 

9-10. 

10-11 

11-12 

12-13 

13-14 

14-15 

16-20.... 

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 


7,353 

19 

79,  643 

499 

51,  950 

158 

22, 381 

174 

9,223 

1,316 

2,469 

2,886 

512 

3,098 

86 

2,367 

29 

2,045 

21 

2,783 

1,945 

1,418 

1,063 

853 

710 

647 

430 

363 

307 

1,083 

544 

356 

345 

180 

110 

78 

38 

30 

25 

54 

20 

6 

5 

3 

2 

4 


5,035 

13 

100, 808 

648 

88,823 

288 

49,  575 

390 

24,  988 

3,737 

7.833 

9,485 

1,  876 

11,617 

364 

10, 055 

136 

9,678 

111 

15, 223 

12,577 

10,  592 
9,028 
8,089 
7,439 
6,283 
5.370 
4,901 
4,455 

18,  691 
12, 114 
9.  748 

11,  927 
8,031 
6,025 
5,025 
2,851 
2,514 
2,369 
6,368 
3,480 
1,329 
1,303 
1,005 

2,373 


3,906 


77, 140 

174 

232, 360 

361,  706 

26,  785 

298,  900 

2,971 

131,  615 

787 

65, 356 

118 

28, 895 

31 

17,443 

6 

11,  663 

5 

8,775 

1 

9,873 

6,566 

4,729 

3,510 

2,663 

2,116 

1,793 

1,407 

1,198 

998 

3,307 

1,856 

1,225 

1,343 

697 

428 

309 

206 

129 

108 

246 

88 

44 

29 

27 

11 

13 

4 

2 


56,809 

110 

263,  791 

469, 488 

44,  783 

613, 406 

6,456 

290,  578 

2,104 

150, 365 

380 

93,237 

114 

65,  174 

26 

49,  310 

23 

41,  568 

6 

63,  962 

42, 483 

35,312 

29,  756 

25. 276 

22, 192 

20,614 

17,  560 

16, 151 

14, 467 

57, 142 

41,  470 

33,  391 

46, 165 

31,  167 

23,  376 

19, 892 

15,  358 

10.909 

10,  263 

29,544 

15,  170 

9,800 

7.903 

8,943 

4,797 

7,932 

3,740 


(*) 


0) 


68, 481 

371 

180, 126 

203, 035 

10,  742 

140,  370 

923 

55,  722 

209 

29, 057 

72 

16,281 

31 

11,571 

27 

7,779 

11 

6,714 

2 

7,402 

5,209 

3,842 

2,906 

2,285 

1,817 

1,692 

1,316 

1,138 

994 

3,384 

1,996 

1,289 

1,488 

773 

436 

315 

231 

159 

102 

262 

106 

42 

30 

20 

15 

12 

2 

3 

1 

1 


3.116 


4,387 


199,  535 


511,590 


1, 299,  657 


2,  706, 848 


769, 692 


173,  667 
25,  868 


279,  549 
232,041 


340,  204 
959,  453 


374, 492 
2,  332, 356 


260,  624 
509, 068 


52, 181 

232 

202, 878 

262, 719 

17,  531 

240, 292 

2,028 

123, 249 

578 

79, 246 

232 

62,  555 

116 

43, 186 

111 

32, 976 

54 

27,088 

11 

40,473 

33,695 

28,716 

24,642 

21, 680 

19, 037 

18, 274 

16, 438 

15, 358 

14, 402 

58,  435 

44,545 

35, 239 

61,  346 

34. 46a 

23,896 

20, 337 

17, 276 

13,  552 

9,698 

31,154 

18, 326 

9,369 

8,177 

6,845 

6,733 

7,306 

(«) 

3,236 
{*) 
(•) 


5,911 


1,  775,  820 


275,  721 
1, 500. 100 


Syjt  footaotes,  see  p.  94, 


94 


STATISTICS   OF   INCOME 


Table  "'5. — Individual  returns,  1936,  by  net  income  classes  and  by  sex  and  family 
relationship:  number  of  returns  and  net  income — Continued 

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


Community  prop- 
erty returns  ^ 

Estates  and  trusts 

Grand  total 

Number 
of  returns 

Net  in- 
come 

Number 
of  returns 

Net  in- 
come 

Number  of 
returns 

Net  income 

Under  1  (est.)'    

10, 843 

5,486 

258,474 

19,  329 

707, 495 

585, 871 

353,  789 

464,  634 

360,  681 

212, 278 

560,  437 

184, 356 

225,  366 

229,  879 

66,  723 

207,  787 

15, 171 

158, 823 

3,506 

121,  889 

749 

166,  221 

110,009 

73, 174 

51,  708 

39, 025 

30,  454 

24.  369 

20, 101 

16,  462 

14, 196 

45,  978 

25, 089 

14,  996 

17, 140 

9,001 

5,364 

3,406 

2,174 

1,  539 

1,137 

2,606 

909 

425 

210 

219 

111 

124 

54 

33 

9 

14 

4 

1 

176, 8fil 

10,  252 

841,  730 

Under  1  (est.) 

1-1.5  (est.)! 

638 

6,376 

150 

4,685 

65 

3,342 

22 

2.544 

24 

1,777 

17 

1,607 

5 

1,395 

4 

1,199 

728 

7,901 

256 

8,093 

139 

7,506 

62 

6,968 

78 

5,730 

65 

5,659 

22 

5,899 

19 

5,705 

1-1.5  (est.) 

758, 908 

1.5-2  (est.)i 

612,  681 

1.5-2  (est.) 

798, 090 

2-2.5  (est.)' 

818, 955 

2-2.5  (est.) 

469, 820 

2.5-3  (est.)'.  

1,  521, 863 

2.5-3  (est.) 

514,  614 

3-3.5  (est.)' 

719,  808 

3-3.5  (est.) 

747,  610 

3.5-4  (est.)i.. 

245, 463 

3.5-4  (est.) 

778,111 

4-4.5  (est.)i       

63,  437 

4-4.5  (est.) 

673,  269 

4.5-5  (est.)' 

16,  467 

4.5-5  (est.) 

577,  542 

6-61                                       

2 
11, 192 
7,586 
5,540 
3,974 
2,928 
2,308 
1,885 
1,653 
1,  353 
1,072 
3,591 
1,979 
1,150 
1,353 

r.22 

390 

215 

158 

97 

50 

135 

38 

15 

7 

10 

5 

1 

2 

11 
61, 179 
49,  055 
41,  384 
33,  682 
27,  759 
24, 195 
21,  651 
20,  626 
18,  232 
15,511 
61, 943 
44, 079 
31,318 
46,  398 
27,  750 
21,396 
13, 842 
11,767 
8,204 
4,  764 
15, 894 
6,506 
3,268 
1,899 
3,494 
2,233 
(*) 
(0 

3,990 

5-6 

2,038 

1,577 

1,225 

969 

838 

702 

555 

560 

410 

402 

1,394 

761 

493 

646 

398 

243 

149 

90 

79 

75 

141 

60 

21 

11 

15 

8 

11 

6 

2 

1 

4 

11,148 

10,  213 

9,171 

8,220 

7,950 

7,341 

6,369 

6,988 

5,524 

5,827 

23,  981 

16,  986 

13, 493 

22,  246 

17,735 

13,  302 

9,565 

6,716 

6,723 

7,066 

16,  831 

10, 115 

4,633 

3,095 

5,274 

3,576 

6,659 

5,289 

W 

10,  701 

90S,  134 

6-7     ..             

711, 155 

7-8     

546,  368 

8-9     

438, 157 

9-10    

369, 986 

10-11  

319, 109 

11-12 

279, 845 

12-13 

250,  882 

13-14        „            

222, 042 

14-15       

205,  648 

792,  093 

20-25 

559,  073 

409,  503 

30-40 

589,  817 

401.112 

50-60       

293, 064 

220, 084 

70-80  

162,  205 

130,  394 

90-100 

107,  771 

311,  279 

150-200                  

156,  078 

94,  871 

250-300  

56,  981 

75, 136 

400-500 

49,  387 

76, 009 

750-1,000 

46,  752 

38, 279 

1,500-2,000 

14,517 

35, 426 

3,000-4,000                     

(*) 

(<) 

2,086 

3,817 

19, 419 

Total 

49,311 

620, 126 

48,  477 

346, 870 

5,  413,  499 

19,  240, 110 

Nontaxable  returns  ' 

2 
49,  309 

11 
620, 115 

11,  768 
36,  709 

6,855 
340, 015 

2,  552, 391 
2, 861, 108 

5, 021, 256 

Taxable  returns 

14,  218,  854 

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

2  An  unequal  number  of  separate  returns  of  husbands  and  wives  results  from  tlie  use  of  the  sample  method 
for  returns  with  net  income  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. 

«  Classes  grouped  to  conceal  identity  of  taxpayer. 


STATISTICS   OF   INCOME 


95 


Table  6. — Individual  returns,  1936,  by  States  and  Territories:  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.  1-5J 


States  and  Territories 


Alabama 

Arizona 

Arkansas 

California 

Colorado. 

Connecticut 

Delaware 

District  of  Columbia. 

Florida 

Georgia 

Hawaii 

Idaho 

Dlinois. 

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 


Sources  of  income 

Dividends 

wages, 
commis- 
sions, fees, 

Business 
profit 

Partner- 
ship 
profit  1 

Net 
capital 
gain» 

Rents 

and 

royalties 

on  stock  of 

domestic 

and  foreign 

Income 

from 

flduci- 

etc. 

tions  3 

67, 446 

16, 917 

10, 701 

2,696 

5,298 

10,  986 

2,736 

29, 675 

11,888 

3,192 

1,837 

2,636 

4,879 

1,415 

33,  531 

14,  365 

7,062 

1,380 

4,462 

6,602 

1,206 

800, 689 

238,  204 

94, 168 

80,  306 

91,  927 

237,  209 

62, 112 

75, 667 

25,  209 

7,725 

8,459 

6,321 

29,  068 

3,438 

236, 163 

39,  623 

12, 884 

26,  67] 

11,  329 

111,269 

28,  861 

32,  604 

5,643 

2,152 

6,686 

1,617 

43, 101 

13,  651 

249,  266 

26,  015 

8,168 

7,905 

13,  602 

28,  544 

9,162 

89, 154 

29,054 

10, 426 

13, 455 

10, 435 

46,  385 

14, 638 

115,  529 

25,  675 

10, 927 

6,633 

8,222 

30,142 

4,736 

33,  005 

5,886 

1,391 

1,460 

2,101 

15,  238 

4,151 

23.  097 

12,  340 

3,061 

931 

1,622 

3,182 

328 

1,  029, 833 

175, 176 

80, 407 

77, 182 

52,474 

237,  264 

56,228 

218,  943 

46, 188 

16,  321 

9,348 

12, 264 

48,  098 

6,882 

105,  315 

45,  950 

11,  453 

4,421 

11,  273 

22,  258 

2,965 

78,  442 

36,  006 

10,  497 

4,733 

16,  249 

13, 875 

2,286 

98, 801 

19, 839 

8,788 

5,837 

6,138 

27,  863 

3,698 

91,610 

25,  312 

13,  111 

7,866 

11,  786 

22,  643 

1,892 

42.  981 

14, 151 

3,287 

4,468 

2.676 

17,  463 

6,164 

248,  290 

34.  909 

16,  509 

19,  025 

12.  527 

58,  000 

20,524 

567,  412 

103,  225 

38,  638 

51,  068 

17,  981 

195,  916 

68,954 

579,  027 

93,  610 

29,  498 

42,  955 

25, 156 

145,  375 

19,  675 

181,  794 

44,  736 

15,  358 

12, 192 

8,567 

46, 273 

10,  066 

32,  562 

14,  576 

5,665 

1,489 

3,182 

6,193 

684 

299,  247 

49,  781 

21,  385 

17,911 

17,  807 

82,  242 

14,  483 

48,  396 

11,687 

3,063 

1,487 

2,233 

5,366 

663 

72,  396 

22,  755 

6,733 

2,970 

5,419 

12,  014 

1,128 

14, 467 

4,218 

2,095 

1,084 

781 

4,702 

1,001 

33,  552 

9,717 

2,223 

2,780 

1,966 

13,  424 

2,868 

611,615 

93,  624 

27,617 

46,  776 

19,  317 

145, 780 

42,  566 

19,612 

8,660 

2,807 

789 

1,892 

3,027 

676 

2,  252,  725 

356,  907 

272,  926 

292,  442 

70,  778 

690,  218 

240,  557 

98,  792 

22,  034 

8,641 

4,439 

8,671 

37,  215 

3,661 

18,  968 

5,854 

1,331 

478 

1,062 

1,758 

217 

733,011 

117, 144 

41, 472 

42, 650 

31,  588 

167,  710 

38,  687 

108,  521 

28, 669 

11,874 

7,706 

17, 174 

19, 997 

2,668 

73,  076 

24, 494 

8,650 

3.101 

4,585 

11,647 

1,892 

965,  797 

191,  053 

72, 005 

72, 187 

41, 681 

280,  314 

89^473 

79,  382 

12, 844 

4,146 

6, 379 

3,841 

30,  366 

11,  663 

41,  966 

10, 292 

3,864 

1,588 

3,361 

7,336 

1,304 

18.  062 

6,386 

1,436 

563 

1,419 

2,572 

194 

117,  930 

24, 134 

10, 539 

4,715 

7,136 

25,  001 

3,970 

299,  968 

108, 499 

54,  636 

29, 909 

67, 166 

70, 026 

11,383 

34, 904 

7,350 

2,398 

1,835 

1,372 

7,337 

837 

22,  317 

5,313 

1,539 

1,164 

938 

6,336 

1,385 

145,  427 

26,  320 

8,363 

8.742 

8,486 

35.  721 

7,400 

158,  362 

49. 396 

11,  500 

7.223 

10, 124 

30,  896 

3,311 

98,  242 

17,  796 

6,970 

4,253 

6,106 

22,  673 

2,887 

215,  596 

48,  258 

12, 114 

12, 037 

10,  706 

61,  102 

6,864 

18,  107 

6,574 

1,670 

816 

1,147 

3,339 

633 

11,  661,  274 

2,  374,  258 

1,  022,  288 

973,  796 

686,  063 

3, 173,  844 

826, 184 

For  footnotes,  see  p.  97. 


96 


STATISTICS   OF   INCOME 


Table  6. — Individual  returns,  1936,  by  States  and  Territories:  sources  of  income  and 
deductions,  and  net  income — Continued 

[Thousands  of  dollars] 


Sources  of  income— Continued 

Deductions 

States  and  Territories 

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

Other 

taxable 
interest  » 

Other 

income » 

Total 
income 

Business 
loss 

Partner- 
ship 
loss' 

Net 

capital 
loss' 

Alabama 

130 

99 

171 

2,445 

593 

688 

67 

701 

604 

246 

69 

21 

3,353 

1,172 

237 

294 

599 

561 

307 

1,044 

1,687 

1,371 

777 

61 

1,825 

82 

188 

82 

118 

1,275 

34 

8,868 

226 

30 

4,572 

714 

189 

3,857 

377 

88 

20 

188 

1,675 

52 

73 

496 

299 

427 

611 

64 

4,024 
1,617 
1,788 

76, 865 
8,014 

23,  397 
3,182 

13,  721 

10, 863 

4,550 

944 

976 

57, 634 
7,784 
8,913 
5,380 
5,145 
6,547 
8,652 

20, 377 

63,  549 

19,  406 

13,  765 
1,666 

19, 425 

1,557 

4,960 

817 

3,849 

63,  683 

1,137 

234,  089 

2,233 

999 

22,  752 
5,090 
4,448 

81,  534 

9,358 

2,340 

857 

3,969 

19, 120 
1,395 
2,233 
6,755 
8,918 
2,241 

25,  223 
955 

1,312 

956 

1,351 

22,  468 

2,209 

4,437 

1,333 

3,568 

3,833 

2,232 

595 

857 

17,  367 

4.216 

3,  790 
3,520 
2,653 
3,222 
1,208 
4,421 
9,897 

11, 191 

4,083 

973 

4,862 

1,038 

1,729 

495 

672 

12,  201 

553 

39,  540 

1,943 

699 

9,526 

3,821 

1,568 

17,  757 

1,415 

786 

612 

1,723 

14,  232 

671 

452 

2,551 

3.698 

1,441 

4,  262 
412 

122, 146 

58, 093 

71,919 

1,  695,  393 

166,  701 

495,  323 

109, 936 

360, 552 

228,  847 

208,  792 

64,  830 
46,316 

1,  786,  908 
370,  215 
216,  567 
170,  283 
179, 362 
184,  550 
101,  343 
435,  627 

1,118,327 
967, 164 
336,  600 

65,  952 
528,  968 

75,  472 
130,  291 

29,  743 

71, 160 
1,  053, 454 

39,  086 

4,  459,  050 

187,  755 

31,  385 
1,  209,  012 
206,  234 
133,  649 
1,  815,  658 
159,  671 

72,  926 

32,111 
199,  305 
676,  414 

58. 149 

41.  750 
250.  260 
283,  728 
161,  908 
385,  872 

33,  618 

398 

442 

311 

8,202 

767 

1,220 

524 

633 

1,248 

913 

310 

177 

6,309 

1,195 

1,043 

1,268 

967 

729 

429 

1,402 

2,420 

3,620 

1,136 

349 

2,351 

440 

573 

162 

225 

2,242 

267 

12, 536 

894 

319 

3,250 

1,610 

521 

6,316 

502 

369 

204 

725 

5,543 

211 

153 

1,237 

931 

442 

1,178 

329 

62 

73 

179 

2,430 

189 

219 

32 

81 

261 

242 

27 

39 

1,639 

248 

320 

198 

123 

245 

45 

241 

709 

656 

303 

60 

434 

84 

115 

30 

19 

651 

42 

6,041 

138 

27 

801 

547 

190 

1,685 

104 

37 

46 

133 

1,807 

55 

48 

159 

257 

110 

149 

73 

700 

Arizona                           .. 

312 

Arkansas 

295 

California 

12,412 

Colorado      ..      ..      

915 

Connecticut             .  . 

3,907 

Delaware                     

383 

District  of  Columbia 

1,449 

Florida 

1,951 

Georgia 

853 

Hawaii 

225 

Idaho 

189 

Illinois 

10, 805 

Indiana 

1,482 

Iowa 

998 

Kansas 

718 

Kentucky 

1,017 

Louisiana 

890 

Maine 

864 

Maryland.. 

2,681 

Massachusetts 

8,307 

Michigan                     . 

5,144 

Minnesota             

1,899 

Mississippi                  

301 

Missouri .... 

2,987 

Montana 

251 

Nebraska 

523 

Nevada... 

128 

New  Hampshire — 

560 

New  Jersey 

6,053 

New  Mexico 

164 

New  York 

28,  737 

North  Carolina 

768 

111 

Ohio 

5,554 
822 

Oklahoma. 

Oregon 

898 

Pennsylvania 

11,217 

Hhode  Island 

1,091 

South  Carolina 

333 

South  Dakota 

142 

Tennessee 

977 

Texas.. 

3,117 

Utah... 

294 

Vermont 

311 

Virginia.. 

1,  058 

Washington  • 

1,526 

574 

Wisconsin 

2,703 

124 

43, 627 

887, 684 

240, 357 

21, 888, 373 

79,  520 

21, 307 

129,  704 

For  footnotes,  see  p.  97. 


STATISTICS    OF   INCOME 


97 


Table  6. — Individual  returns,  1936,  by  States  and  Territories:  sources  of  income  and 
deductions,  and  net  income — Continued 


[Thousands  of  dollars] 

Deductions— Continued 

States  and  Territories 

Interest 
paid' 

Taxes 
paid? 

Contri- 
butions 

Other 
deduc- 
tions 

Total 
deduc- 
tions 

Net 
incomft 

3,612 
1,160 
2,031 
39,  731 
3.162 

14. 000 
4,510 
9,661 
6,706 
6,853 
1,760 

697 
38,  280 
6,808 
6,679 
3,732 
4,988 
4,587 
2,329 
9,539 
22,289 

21. 001 
6.554 
1.728 

16. 047 

1,099 

3,081 

406 

1,611 

30.  789 

704 

112,881 

6.737 

626 

29, 943 

6,017 

2,950 

61, 206 

3,447 

1,987 

693 

6,346 

19, 226 

1,371 

852 

8,232 

6,120 

4,298 

10,  276 

637 

3,755 
1,618 
1,929 

60.  923 
4,  454 

14,  742 
2.388 
8,005 
7,380 
6,249 
2,012 
1,071 

37, 302 

11,  666 
9,572 
6,661 
6,072 
6,865 
3,669 

10,  707 

46. 490 

24, 033 

11,221 
2,696 

16, 853 

1,589 

3,431 

485 

2,893 

34, 463 

772 

186, 072 

7,329 

1,087 

34,  705 
7,444 
4,814 

49,  781 
4,996 
2,742 
1,156 
5,170 

20, 523 
1,722 
1.249 
7.720 
5,348 
3.273 

13,024 
587 

2,179 

512 

1,277 

18. 058 

2,355 

9,311 

2,892 

5,759 

3,360 

4,121 

797 

427 

28, 747 

6,728 

3.628 

2,679 

3,662 

2,490 

1.806 

6,867 

20,  976 

14,  900 

5,943 

1,494 

10, 163 

680 

2,013 

302 

1,241 

19,  251 

381 

92, 349 

6,609 

469 

22, 138 

3,349 

1,288 

39, 448 

3,220 

1,944 

460 

3,772 

9,079 

988 

754 

6,797 

2.490 

2,386 

6,969 

328 

4,792 
2,642 
4,741 

69, 038 
8,370 

12. 819 
2,512 
7,496 

11, 2.36 

8,935 

961 

2,022 

64,  792 

11, 066 

11,  209 
9,419 
6,527 
9,690 
3,341 

12,  602 
28,  232 
35, 233 
12, 566 

4,807 

18,  248 

2,540 

6,417 

1.185 

1,890 

31,851 

1.804 

166.  983 

9,928 

2,041 

33, 633 

16,  657 

4.926 

61,  780 

4,343 

3,727 

1.656 

8.864 

47,  676 

2.580 

1.235 

7,082 

8.406 

6.080 

13,  622 
1,212 

15, 498 

6,649 

10, 763 

200,  794 

20,  202 

66,  217 

13,  241 

33, 084 

31, 141 

27, 166 

6.093 

4.622 

187.  873 

38. 194 

32. 448 

24. 665 

22.  354 

24.496 

12,  483 

44, 039 

129, 423 

104, 587 

39, 621 

11,435 

66,  083 

6,684 

15, 153 

2,698 

8,340 

125,  301 

4,134 

694.  598 

31,  392 

4,680 

130.  026 

35,  448 

15, 688 

211, 333 

17,  703 

11, 139 

4,356 

25, 987 

106, 970 

7.222 

4.604 

31.285 

24. 078 

16, 163 

46, 921 

3,291 

106,648 

61,444 

Arkansas.. . 

61, 157 

1, 494,  599 

Colorado 

146,  499 

Connecticut - 

439, 106 

Delaware  . 

96. 696 

District  of  Columbia 

327, 468 

Florida 

197,  706 

Georgia 

181.  628 

Hawaii 

58,  738 

Idaho 

41,  693 

Illinois 

1, 599. 035 

Indiana 

332. 021 

Iowa 

184. lis 

Kansas 

145, 617 

Kentucky 

157,  007 

Louisiana 

160,  055 

Maine 

88. 859 

Maryland 

391. 589 

Massachusetts 

988, 904 

Michigan 

862,  578 

Minnesota 

296, 979 

54,  517 

Missouri 

462,  885 

68,  788 

Nebraska 

115, 138 

27, 045 

New  Hampshire 

62, 820 

928, 153 

New  Mexico 

34, 953 

3, 864, 463 

North  Carolina 

156, 362 

26.  706 

Ohio. 

1,078,986 

Oklahoma 

170,  786 

Oregon 

118.  061 

Pennsylvania 

1, 604, 325 

Hhode  Island. 

141.968 

South  Carolina 

61, 787 

South  Dakota 

27,  756 

Tennessee 

173,317 

Texas 

569,  444 

Utah 

50. 927 

Vermont 

37, 146 

218, 974 

"Washington  ' 

259,  650 

146,  746 

Wisconsin. 

338, 961 

30, 327 

Total _ 

644, 869 

698, 609 

385,838 

788,416 

2,648,263 

19, 240, 110 

1  For  explanation  of  item,  see  p.  8. 

«  For  definition  of  capital  assets  and  amounts  of  net  capital  gain  and  loss  taken  Into  account  for  tax  pur- 
poses, see  text,  p.  8,  and  synopsis  of  laws,  pp.  144-145. 

3  "Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excepting  dividends 
received  by  partnerships  and  fiduciaries.  In  former  years,  this  item  included  dividends  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends 
received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within  the 
United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 

« Interest  received  on  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  5  and  25,  Form  1040,  p.  152)  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.  rn   i    t 

'  Excludes  dividends  received  on  Stock  of  domestic  corporations  not  subject  to  taxation  under  Title  I 
of  the  Revenue  Act  of  1936  and  on  stock  of  foreign  corporations.  In  former  years,  dividends  received  from 
these  two  types  of  corporations  were  tabulated  as  "other  income,"  except  in  so  far  as  included  in  partnership 
and  fiduciary  income,  and  until  1934  except  in  so  far  as  received  from  foreign  corporations  deriving  more 
than  half  their  gross  income  from  sources  within  the  United  States.    See  footnotes  1  and  3. 

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

» Includes  Alaska. 


98 


STATISTICS   OF   INCOME 


Table  7. — Individual  returns,  1936,  by  net  income  classes:  sources  of  income  and 
deductions,  and  net  income;  also  total  number  of  returns,  and  for  returns  with  net 
income  of  $5,000  and  over,  number  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.  1-5] 


Total 
num- 
ber of 
returns 

Sources  of 

income 

Net  Income 
classes 

Salaries,  wages, 

commissions, 

fees,  etc. 

Business  profit 

Partnership 
profit,' 

Net  capital 
gain' 

Num- 
ber of 
returns 

Amount 

Num- 
ber of 
returns 

Amount 

Num- 
ber of 
returns 

Amount 

Num- 
ber of 
returns 

Amount 

Under  5  (est.).... 
ft-6 

4,  736,  488 
166, 970 
110, 009 
73, 174 
51,  708 
39, 025 
30,  454 

24,  369 
20, 101 
16, 462 
14, 196 
45, 978 

25,  089 
14, 996 
17,  140 

9,001 

5,364 

3,406 

2,174 

1,539 

1, 137 

2,606 

909 

425 

210 

219 

111 

124 

54 

33 

9 

14 

4 

1 

(9) 

112,  043 

71, 900 

46, 834 

32,  333 

24,  268 

18, 926 

14, 883 

12, 135 

10,  080 

8,708 

27,  366 

14, 987 

8,791 

9,982 

5,167 

3,053 

1,970 

1,244 

872 

633 

1,479 

630 

247 

106 

118 

62 

69 

26 

18 

4 

8 

3 

1 

8, 167, 651 

554,  225 

404,  491 

296, 127 

225, 840 

183,  542 

153,  422 

129, 129 

111,844 

97,  766 

89,  647 

312, 084 

204, 065 

135, 091 

178,  233 

108, 832 

71,  395 

51, 979 

34,  505 

26, 183 

19, 852 

54, 876 

21, 996 

10,  363 

4,561 

4,838 

3,875 

1,970 

1,469 

711 

139 

380 

(») 

(") 

(«) 

36, 993 

24,  298 

15,  789 

10,  804 

7,878 

5,941 

4,575 

3,719 

2,872 

2,404 

7,421 

3,613 

1,913 

1,969 

965 

467 

261 

186 

112 

72 

156 

59 

17 

12 

4 

6 

5 

6 

3 

1,  352,  650 

172,  307 

132,  020 

97, 121 

73, 343 

59,  661 

48, 345 

40,  717 

35,242 

28,  675 

25,  771 

92,  779 

54,  792 

34,  949 

41,802 

24,778 

14,  889 

9,375 

7,462 

4,869 

2,967 

8,430 

5,591 

1,611 

1,181 

626 

25 

632 

453 

1,296 

(«) 

14,  637 

10, 878 

7,753 

6,799 

4,007 

3,728 

3,068 

2,596 

2,180 

1,885 

6,138 

3,778 

2,412 

2,  562 

1,540 

1,114 

618 

422 

312 

213 

621 

172 

86 

48 

50 

17 

17 

9 

6 

2 

1 

231,  278 

59,  148 
50,  602 
40, 852 
34,  601 
30,  307 
27,  239 
24,282 
22,  597 
19,  506 
17,  743 
74,  552 
53,  650 

41,  600 

60,  213 

42,  051 
32,  340 
22, 476 
17,246 
14,  562 
10,  817 
33, 874 
18, 117 
11,461 

8,233 

11, 483 

3,267 

3,902 

3,089 

1,188 

4 

7 

(«) 

31,  081 

24, 181 

18,  088 

14,  383 

11,  508 

9,694 

8,044 

6,930 

6,949 

5,324 

18, 400 

11,043 

7,100 

8,615 

4,826 

2,996 

1,925 

1, 266 

905 

667 

1,598 

537 

259 

132 

135 

74 

80 

33 

16 

7 

9 

4 

166,  880 
40,  053 

6-7 

36,417 

7-8 

31,  566 

8-9 

28,  893 

9-10 

25,  570 

10-11 

24,184 

11-12 

21,  821 

12-13    

20, 874 

13-14 

18,  733 

14-15 

18,  399 

15-20 

73, 950 

20-25 

56, 448 

25-30 

44,  326 

30-40       

68,  565 

40-50  

51, 175 

60-60 

37,  614 

60-70 

27, 169 

70-80. 

20, 427 

80-90 

16,116 

90-100 

13,  807 

100-150 

42, 113 

150-200 

18,  810 

200-250 

12,  856 

250-300 

8,683 

300-400 

8,233 

400-500 

5,583 

600-750 

10, 695 

750-1,000. 

6,879 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

6,000  and  over 

716 
3,469 

12,628 

(ij) 

Classes 

193 

241 

Total 

6,413,499 

•428,846 

11, 661,  274 

»  132,  519 

2, 374,  258 

»  76,  569 

1,022,288 

•195,809 

973, 796 

For  footnotes,  see  p.  101. 


STATISTICS   OF   INCOME 


99 


Table  7. — Individual  returns,  1936,  by  net  income  classes:  sources  of  income  and 
deductions,  and  net  income;  also  total  number  of  returns,  and  for  returns  with  net 
income  of  $6,000  and  over,  number  for  each  specific  source  of  income  and  deduction — 
Continued 

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


Sources  of  income— Continued 

Net  income  classes 

Kents  and 
royalties 

Dividends  on  stock 
of  domestic   and 
foreign     corpora- 
tions ' 

Income  from 
fiduciaries » 

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

Number 

of 
returns 

Amount 

Niunber 

of 
returns 

Amount 

Number 

of 
returns 

Amount 

Number 

of 
returns 

Amount 

Under  5  (est.) 

6-6      

(«) 

31, 892 

22, 427 

14, 942 

10, 997 

8,371 

6,787 

6,319 

4,460 

3,730 

3,219 

10,546 

5,925 

3,613 

4,220 

2,269 

1,292 

889 

583 

405 

297 

659 

215 

113 

48 

57 

34 

33 

23 

10 

2 

1 

1 

1 

413, 507 

35,412 

27,  588 

20,388 

16,315 

13,433 

11,622 

9,304 

8,881 

7,478 

6,628 

26,329 

17, 290 

12,007 

16, 158 

11, 154 

7,181 

4,594 

3,394 

3,356 

2,415 

4,774 

1,868 

1,385 

563 

645 

829 

302 

211 

17 

19 

3 

(") 

(") 

(«) 

83,337 

60, 959 

43, 658 

32,868 

25, 680 

21,040 

17, 239 

14, 753 

12, 359 

10, 823 

36,382 

20, 874 

12, 781 

14,954 

8,001 

4,842 

3,118 

1,984 

1,427 

1,048 

2,452 

848 

399 

198 

210 

109 

116 

49 

31 

8 

10 

4 

1 

589,956 
99, 761 
92, 651 
80,  678 
72, 657 
67,050 
62,459 
58,093 
55,  659 
52, 873 
48,  593 
212, 252 
167, 317 
134,  662 
212,011 
155, 401 
122,  537 
99,987 
75,  266 
60, 616 
64,487 
164,  235 
91,491 
55. 759 
34, 842 
47,566 
36, 312 
54,200 
32, 756 
25, 822 
8,865 
23,  651 
(") 
(") 

(«) 

10, 389 

8,137 

6,021 

4,831 

4,025 

3,296 

2,841 

2,437 

2,052 

1,872 

6,899 

4,329 

2,817 

3,638 

1,997 

1,383 

867 

584 

432 

346 

805 

285 

148 

69 

75 

41 

45 

22 

15 

5 

4 

2 

135, 160 
28,360 
26, 282 
22,503 
20, 730 
18, 802 
17, 412 
16,797 
15, 208 
13, 679 
13, 282 
56, 712 
44,640 
35,885 
58, 105 
39, 863 
33, 399 
24,668 
19, 115 
16, 682 
13,457 
39, 216 
22, 742 
14, 496 

8,838 
11,969 

6,464 
16,  518 

9,741 
13, 542 

4,138 

7,180 
(11) 

(10) 

6,211 

5,059 

3,935 

3,084 

2,631 

2,239 

1,913 

1,716 

1,567 

1,320 

4,936 

3,180 

2,145 

2,752 

1,518 

984 

634 

447 

314 

249 

588 

192 

106 

59 

48 

26 

33 

12 

9 

3,024 

6-7 

2,577 

7-8 

2,186 

8-9 

2,005 

9-10 

1,720 

10-11 

1,578 

11-12 

1,417 

12-13     

1,463 

13-14  

1,173 

14-15 

1,069 

15-20 

4,554 

20-25 

3,423 

25-30 

2,767 

30^0 

4,038 

40-50     

2,199 

50-60 

1,601 

60-70  

1,366 

70-80 

794 

80-90 

615 

•90-100 

473 

100-150 

1,771 

150-200     

538 

200-250 

354 

250-300  

226 

300^00 

342 

400-500 

163 

600-750 

126 

750-1,000 

42 

1,000-1,500  

27 

1,500-2  000 

2,000-3,000 

3 

1 

(IS) 

3,000-4,000 

(")  (") 

4  000-5  000 

12 

23, 379 

602 

('») 

Total 

•  143, 380 

685, 063 

«  432,  562 

3, 173, 844 

«  70, 709 

826, 184 

47,909 

43, 627 

For  footnotes,  see  p.  101. 


100 


STATISTICS    OF   INCOME 


Table  7. — Individual  returns,  1936,  by  net  income  classes:  sources  of  income  and 
deductions,  and  net  income;  also  total  number  of  returns,  and  for  returns  with  net 
income  of  $5,000  and  over,  number  for  each  specific  source  of  income  and  deduction — 
Continued 


[Net  income  classes  and 

money  fig 

ares  in 

honsands  of  dollars] 

Sources  of  income—  Continued 

Deductions 

Net  income 
classes 

Other  taxable 
interest 

Other 
income' 

Total 
Income 

Business  loss 

Partnership 
lossi 

Net  capital 
loss ' 

Num- 
ber of 

re- 
turns 

Amount 

Num- 
ber 
of  re- 
turns 

Amount 

Num- 
ber 
of  re- 
turns 

Amount 

Num- 
ber 
of  re- 
turns 

Amount 

Under  5  (est.) 

5-6 

(«) 

62,  550 

43. 792 

30, 847 

23, 170 

18,  216 

14,  707 

12, 142 

10,  341 

8,685 

7,654 

22,  377 

15, 004 

9,370 

11,590 

5,678 

3,891 

2,589 

1,655 

1,210 

907 

2,098 

742 

365 

188 

179 

98 

108 

46 

28 

8 

10 

4 

1 

u  442, 329 
40,  501 
34,  281 
27,  273 
23, 450 
20, 395 
17,  536 
15,  735 
13, 935 
12,  843 

11,  800 
45, 191 
32,  475 
23,  385 
32,  361 
20, 054 
14,  319 
11,333 

7,417 
6.030 
4,791 

12,  025 
5,440 
3,127 
2,222 
1,841 
1,056 
1,897 

780 

1,247 

120 

130 

(13) 
(13) 

131,  573 

11,  520 

9, 357 

7,532 

6,000 

4,792 

4,152 

3,649 

3,234 

2,613 

2,821 

9,898 

7,226 

4,821 

7,230 

4,936 

3,294 

2,755 

2,483 

1,544 

990 

2,521 

1,113 

1,042 

1,084 

446 

739 

201 

49 

600 

73 

69 

(13)   (13) 

11,630,983 

1,044,311 

816,  265 

626,  227 

503,  834 

425,  272 

367,  947 

320,  945 

288, 938 

255.  338 

235,  754 

908,  301 

641,326 

469,  492 

678, 717 

460,  443 

338,  569 

255,  691 

188, 108 

150,  573 

124,  057 

363,  835 

187,  706 

112,452 

70,  333 

87,  889 

58, 319 

90,  444 

55.  469 

45, 165 

16,828 

44,045 

(13) 

(») 

(») 

2,530 

1,907 

1,386 

1,082 

924 

716 

599 

500 

441 

378 

1,366 

901 

583 

707 

452 

308 

209 

150 

104 

82 

194 

82 

53 

16 

21 

14 

21 

12 

12 

3 

3 

4 

34, 395 

3,469 

2,806 

2,358 

2,024 

1,765 

1,375 

1,457 

1,117 

1,080 

990 

3,488 

2,673 

2,088 

3,407 

2,322 

1,513 

1,434 

1,079 

682 

536 

2,442 

949 

786 

219 

226 

313 

540 

502 

336 

89 

54 

(") 

(«) 

1,081 

869 

625 

411 

405 

332 

286 

221 

189 

151 

621 

374 

251 

344 

183 

120 

64 

55 

35 

34 

73 

36 

14 

11 

7 

3 

10 
2 
1 

8,756 

985 

937 

739 

596 

481 

392 

430 

314 

292 

354 

973 

948 

735 

1,004 

459 

365 

158 

195 

134 

224 

450 

221 

159 

885 

22 

25 

45 

15 

14 

(8) 

11, 709 

8,873 

6,782 

5,283 

4,199 

3,486 

2,951 

2,525 

2,103 

1,822 

5,919 

3, 853 

2,455 

2,823 

1,536 

963 

651 

403 

314 

238 

534 

213 

93 

45 

51 

23 

34 

14 

13 

1 

4 

66, 876 
8,224 

6-7 

6,478 

7-8 

6,277 

8-9    

4,364 

9-10 

3,510 

10-11  

3,054 

11-12  

2,620 

12-13 

2,399 

13-14 

2.027 

14-15 

1,761 

1.1-20 

6,478 

20-25  

4,150 

25-30  

2,707 

30-40  

3,231 

40-50 - 

1,831 

50-60 

1,191 

60-70  

844 

70-80 - 

625 

80-90  

410 

90-100  

320 

100-150 

731 

150-200 

268 

200-250  

136 

250-300  

69 

300-400  - 

80 

400-500 

28 

600-750 

68 

750-1,000 

23 

1,000-1,500_ 

1.500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

23 

2 

6 

1 

(13) 

Classes  grouped  'J 

364 

(13) 

24, 792 

1,005 

2 

Total 

'310,250 

887,  684 

240, 357 

21, 888,  373 

915,760 

79.  520 

«6,808 

21,307 

•69,914 

129,  704 

For  footnotes,  see  p.  101. 


STATISTICS   OF   INCOME 


101 


Table  7. — Individual  returns,  1936,  by  net  income  classes:  sources  of  income  and 
deductions,  and  net  income;  also  total  number  of  returns,  and  for  returns  with  net 
income  of  $5,000  and  over,  number  for  each  specific  source  of  income  and  deduction — 
Continued 

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


Net  Income  classes 


Deductions— Continued 


Interest  paid ' 


Num- 
ber of 
returns 


Amount 


Taxes  paid ' 


Num- 
ber of 
returns 


Amount 


Contributions 


Num- 
ber of 
returns 


Amount 


Other 
deduc- 
tions ' 


Total 
deduc- 
tions 


Net  in- 
come 


Under  5  (est.) 

5-« 

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. 


(') 

83,  737 

55,628 

37,  746 

27, 306 

20,  928 

16, 388 

13,  233 

11,336 

9,328 

7,937 

26, 413 

14,712 

9,043 

10,  597 

5,662 

3,533 

2,301 

1,429 

1,023 

783 

1,838 

651 

320 

156 

173 

82 

105 

45 

29 

7 

8 

4 

1 


259,  609 
32,  177 
25,  357 
18,  857 
15,318 
12, 823 

10,  784 
9,213 
8,501 
7,410 
6,855 

24,  734 
17,  262 
12,  652 
17,  169 

11,  198 
8,568 
6,238 
4,669 
3,075 
3,087 
8,191 
7,002 
3,177 
2,066 
2,018 
1,199 
2,535 
1,310 
1,398 

108 
293 

(U) 
(13) 


(') 
134,  504 
90,  390 
60,  759 
43,  655 
33,  265 
26,  200 
20,  976 
17,  340 

14,  398 

12,  473 
40,  571 
22,  530 

13,  548 

15,  682 
8,304 
5,056 
3,180 
2,034 
1,431 
1,052 
2,455 

866 

406 

201 

209 

107 

117 

50 

32 

8 

14 

4 

1 


344,  623 

33,  575 

26,  505 

20,520 

16,  686 

14, 134 

12,  217 

10,  781 

9,633 

8,588 

7,671 

30,  892 

22,  314 
15, 964 

23,  886 
15,  834 
12,  239 

9,694 
7,402 
5,596 
4,859 

14, 040 
7,546 
4,922 
3,138 
3,004 
1,939 
3,558 
2,029 
1,909 
694 
1,287 

(") 

(12) 


(9) 
124,  368 
83,040 
55,  869 
39,  728 
30,  010 
23,  734 
18,  506 
15,  655 

13. 198 

11. 152 
36,  439 
20, 371 

12. 199 

14. 153 
7,508 
4,519 
2,876 
1,878 
1,341 

971 

2,278 

798 

388 

141 

195 

100 

110 

45 

30 


183,  691 
16,  903 

13,  035 
10,  497 

8,006 
6,716 
5,681 
4,992 
4,519 
3,994 
3,649 

14,  237 
10,  349 

7,965 
12,  318 
8,860 
7,218 
5,966 
4,720 
3,715 
3,247 
10, 900 
6,095 
4,308 
2,787 
3,582 
2,676 
4,901 
2,469 
2,029 
946 
2,078 

(IS) 

(") 


387,  552 

36. 854 
29,  993 
21,610 
18, 684 

15. 855 
15,  333 
11,  605 
11,  574 

9,905 

8,825 

35, 407 

24,  557 

17, 816 

27,  885 

18, 826 

14,  412 

11, 274 

7,312 

6,568 

4,013 

15, 802 

9,548 

4,093 

4,189 

3,823 

2,751 

2,797 

2,369 

1,177 

473 

4,906 

(U) 

(") 


,  285,  501 
132, 187 
105, 110 
79, 859 
65,  677 
55,  285 
48, 838 
41, 100 
38, 057 
33,  296 
30, 105 
116.208 
82,  253 
59,  928 
88, 899 
59,  331 
45,  505 
35,  607 
25,  903 
20, 179 

16,  286 
52,  556 
31,  629 

17,  581 
13, 352 
12,  753 

8,932 
14,  434 
8,717 
6,885 
2,311 
8,624 

(12) 

(") 


,  345, 482 

912, 124 

711, 155 

546,  368 

438, 157 

369, 986 

319, 109 

279, 845 

250, 882 

222,  042 

205,  648 

792, 093 

559,  073 

409,  563 

589,  817 

401, 112 

293,  064 

220,  084 

162,  205 

130,  394 

107,  771 

311, 279 

156, 078 

94, 871 

56, 981 

75, 136 

49,  387 

78, 010 

46,  752 

38,  279 

14,  517 

35, 428 

(U) 


15 


930 


2,793 


629 


5,374 


19, 419 


»  362, 482 


544,869   9  571,818 


698,  609 


9  521, 622 


385, 838    788,  416  2, 648,  263  19,  240, 110 


>  For  explanation  of  items,  see  p.  8. 

>  For  definition  of  capital  assets  and  amounts  of  net  capital  gain  and  loss  taken  Into  account  for  tax  pur- 
poses, see  text,  p.  8,  and  synopsis  of  laws,  pp.  144-145. 

» "Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excepting  dividends 
received  by  partnerships  and  fiduciaries.  In  former  years,  this  item  included  dividends  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends 
received  on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within  the 
United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 

<  Interest  received  on  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  5  and  25,  Form  1040,  p.  152.) 

'  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.  "Other  income"  excludes  dividends  received  on  stock 
of  domestic  corporations  not  subject  to  taxation  under  Title  I  of  the  Revenue  Act  of  1936  and  on  stock  of 
foreign  corporations.  In  former  years,  dividends  received  from  these  two  types  of  corporations  were  tabu- 
lated as  "other  income,"  except  in  so  far  as  included  in  partnership  and  fiduciary  income,  and  until  1934 
except  in  so  far  as  received  from  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources 
within  the  United  States.    See  footnotes  1  and  3. 

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

'  The  number  of  returns  is  not  available,  since  the  amount  of  "other  deductions"  is  determined  by  sub- 
tracting the  sum  of  specific  deductions  from  total  deductions. 

•  Not  available. 

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

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

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

'2  Classes  grouped. 

"  Less  than  $500. 


102 


STATISTICS    OF   INCOME 


Table  8. — Individual  returns  with  net  income  of  $5,000  and  over,  1936,  by  size  of 
profit  or  loss  from  business  {sole  proprietorship)  and  by  industrial  groups:  number 
of  businesses  with  profit  or  loss  and  amount  of  profit  or  loss 


Aggregate 

Industrial  groups 

Size  of  profit  or  loss  from 
business 

(Thousands  of  dollars) 

Agriculture  and  related  industries 

Profit 

Loss 

Profit 

Loss 

Num- 
ber of 
busi- 
nesses 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Nimi- 
ber  of 
busi- 
nesses 

Amount 

Under  0.1 

1,646 

1,396 

1,210 

1,075 

966 

4,265 

6,825 

6,432 

7,033 

9,219 

66,  628 

14, 793 

5,150 

2, 359 

1,232 

1,151 

483 

437 

101 

111 

6 

1 

1 

$77,  602 

205,  413 

297,  924 

374, 884 

432,  574 

3,  164,  938 

10, 103,  318 

16, 042,  757 

24,  674, 177 

41,  833,  949 

458, 659,  663 

177,  659, 106 

88,  308,  060 

52.  360. 147 

33. 585,  970 

39, 324, 159 

21, 494.  345 

25, 893, 941 

8,  501, 634 

15, 223, 676 

1,  513,  449 

684, 601 

1,291,906 

1,113 

1,019 

944 

738 

749 

2,821 

3,162 

1,602 

931 

594 

1,304 

363 

161 

73 

58 

56 

26 

20 

9 

16 

$54,  676 
149,  364 
234,  212 
257,  659 
334,  564 

2,  063,  496 
4,  518,  766 

3,  919,  251 
3,  206,  695 
2,  642, 857 
9,070,416 
4, 439,  950 
2,  770, 178 
1,612,227 

1,  569. 074 
1. 913,  067 
1, 166,  991 
1. 216, 082 

757,  599 

2,  365.  777 

408 

350 

342 

276 

264 

1,014 

1,203 

882 

707 

815 

4,942 

890 

304 

139 

70 

55 

27 

13 

2 

2 

$20, 691 
52,241 
84,  059 
96, 830 
118,  408 
740,  770 

1,  753,  820 

2,  165, 911 
2, 455, 271 

3,  689,  148 
32, 899,  211 
10, 674,  270 

5,  212,  391 

3. 095, 899 

1, 927.  360 

1, 890,  556 

1, 187, 640 

738,  ?22 

169.  738 

242, 744 

431 

436 

376 

337 

359 

1,394 

1,771 

954 

569 

329 

764 

203 

93 

43 

31 

36 

14 

8 

6 

7 

$21, 089 

0.1-0.2 

64,  719 

0.2-0.3 

93, 871 

0.3-0.4 

117, 124 

0  4-0.5 

161,  089 

0.6-1      

1,  023,  720 

1-2 

2,  544, 479 

2-3          

2,  344,  488 

3-4          

1,  964,  629 

4-5         

1,  463, 934 

5-10       

5.  317, 908 

10-15     

2, 493,  261 

15-20 

1,  585,  724 

20-25 

947,650 

25-30 

830, 677 

30-40 

1  226,  096 

40-50          

625, 348 

60-76          

525, 655 

75-100      

441,  748 

100-250  

1, 080, 169 

250-600  

600-1,000 

1 

861,834 

1 

861, 834 

1,000  and  over 

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

132, 619 
(>) 

1,021,608,193 
1,362,649,521 

15, 760 
(') 

45,124,735 
34, 396, 275 

12, 705 

69, 216, 180 

8.161 

25,735,212 

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

Grand  total 

0) 

2,374,25i7,714 

(') 

79,  620, 010 

1 

>  Not  available. 


STATISTICS    OF   INCOME 


103 


Table  8. — Individual  rehirns  with  net  income  of  $5,000  and  over,  1936,  by  size  of 
•profit  or  loss  from  business  (sole  proprietorship)  and  by  industrical  groups:  number 
of  businesses  with  profit  or  loss  and  amount  of  profit  or  loss — Continued 


Size  of  profit  or  loss  from 
business 

(Thousands  of  dollars) 


Under  0.1 

0.1-0.2 

0.2-0.3 

0.3-0.4 

0.4-0.5 

0.5-1- 

1-2 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-30 

30-40 

40-50 

50-75 

75-100 

100-250 

250-500 

500-1,000 

1,000  and  over. 


Industrial  groups— Continued 


Mining  and  quarrying 


Profit 


Num- 
ber of 
busi- 
nesses 


40 
32 
25 
13 
16 
74 
136 
83 
73 
69 
395 
116 
56 
44 
30 
48 
15 
30 


Amount 


$1,969 

4,676 

6,769 

4,230 

7,363 

62,511 

200,  372 

206, 832 

251,  040 

313,  365 

791,  598 

407,  559 

978.  076 

974,  308 

822, 231 

635.  625 

682, 485 

789,  006 

688,  096 

272,  836 


Loss 


Num- 
ber of 
busi- 
nesses 


Amount 


$1, 000 

2,807 

3,181 

4,070 

2,667 

34,456 

62, 854 

68,  433 

79,  938 

120, 228 

273,  731 

154, 834 

155, 161 

89, 171 

82, 618 

138, 663 

183,  509 

118,  268 


406,388 


Manufacturing 


Profit 


Num- 
ber of 
busi- 
nesses 


33 

46 

39 

17 

30 

140 

254 

264 

334 

414 

4,025 

990 

461 

214 

111 

104 

61 

50 

17 

16 

1 


Amount 


$1, 768 

7,274 

9,663 

6,933 

13, 690 

103, 403 

382,  306 

660,  559 

1, 173,  050 

1, 891,  331 

28,  005,  326 

11,917,752 

7, 963, 694 

4, 721, 920 

3, 006,  369 

3,  679,  088 

2,  300,  734 

2, 967, 397 

1,  387,  042 

2, 040, 984 

354,  676 


Loss 


Num- 
ber of 
busi- 
nesses 


Amount 


$1,633 

3,744 

8,111 

7,441 

10,899 

72,  646 

112,  724 

104,688 

96,843 

79, 132 

259,  740 

147, 856 

94,434 

22, 534 

53, 057 

32, 186 

40, 931 

124, 660 


1,  291, 906 


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

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


1,312 


14, 089,  947 


311 


1,  971,  977 


7,612 


73,  775,  755 


1, 272,  968 


Grand  total. 


104 


STATISTICS    OF   INCOME 


Table  8. — Individual  returns  with  net  income  of  $5,000  and  over,  1936,  hy  size  of 
'profit  or  loss  from  business  {sole  proprietorship)  and  by  industrial  groups:  number 
of  businesses  with  profit  or  loss  and  amount  of  profit  or  loss — Continued 


Industrial  groups— Continued 

Size  of  profit  or  loss 
from  business 

(Thousands  of 
dollars) 

Construction 

Transportation  and  other  public 
utilities 

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 

13 

21 

14 

10 

12 

78 

144 

138 

184 

291 

2,292 

508 

198 

93 

52 

52 

20 

22 

2 

2 

2 

$660 

3,031 

3,547 

3,463 

5,364 

61,545 

214,  556 

341, 068 

645,  072 

1, 322,  443 

15, 682,  522 

6,119,164 

3,418,143 

2, 067, 000 

1,  418,  337 

1,  783,  970 

882,  516 

1, 259,  366 

172,  290 

241, 873 

695,  290 

10 
12 
5 

8 

6 

15 

34 

10 

16 

5 

20 

4 

1 

$529 

1.859 

1,207 

2,922 

2,717 

10, 160 

53,  252 

23,  489 

54, 040 

22, 188 

143,  213 

43,  239 

19,834 

17 
13 
9 
12 

10 
46 
93 
99 
83 
94 
1,101 
196 
93 
30 
30 
16 
12 
5 

$961 

1,777 

2,450 

4,201 

4,502 

35, 129 

135,  779 

244,  266 

288,  631 

423,  396 

7, 460, 313 

2, 359,  569 

1,  594,  681 

662,  260 

805,  349 

530, 718 

638,  567 

300,  213 

8 
9 
15 
4 
5 

19 
19 
12 
8 
7 

12 
3 
3 

$407 

0.1-0.2 

1,256 

0.2-0.3 

3,604 

0.3-0.4 

1,339 

0.4-0.5 

2,251 

0.5-1 

13, 845 

1-2 

24,  770 

2-3 -.. 

27,  597 

3-4 

26, 980 

4-5 

31, 197 

6-10 

80, 845 

10-15 

36, 007 

16-20 

51, 377 

20-25  

25-30 

1 

27, 368 

30-40 

40-50          

50-75     

1 

55, 519 

75-100  

100-250 

2 

291, 628 

250-500 

500-1,000    . 

1,000  and  over    . .. 

Total 

4,148 

36, 241, 220 

146 

378, 649 

1,961 

15, 684,  390 

126 

384, 362 

Industrial  groups— Continued 

Size  of  profit  or  loss 
from  business 

Trade- 

Retail 

Trade— Wholesale 

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 

466 

220 

192 

183 

141 

763 

1,359 

1,432 

1,779 

2,446 

15, 438 

2,758 

845 

386 

217 

178 

75 

62 

12 

7 

$19, 346 
31,051 
47, 440 
63,  775 
63,  521 

570,  462 

2,  030, 894 

3,  590,  948 
6,  255, 075 

11,108,042 

104,  295,  901 

33, 029,  221 

14,419,811 

8,  532,  784 

5,914,990 

6,  122, 095 

3,  339, 160 

3,068,142 

957,  933 

1, 003,  766 

215 

127 

132 

91 

99 

335 

350 

160 

68 

68 

101 

21 

18 

6 

2 

2 

$11, 187 

18,  333 

33,  040 

31,766 

43,449 

244,  888 

494, 930 

389,014 

229, 990 

307,  708 

683, 983 

258,  956 

307, 663 

135,  706 

55, 085 

67,  334 

15 

17 

16 

23 

13 

101 

163 

174 

192 

280 

2,  516 

691 

294 

135 

61 

64 

29 

29 

3 

6 

$722 

2,425 

3,926 

8,147 

5,963 

73,  588 

243,  581 

439,  482 

676, 837 

1,  266, 445 

17,  493, 133 

8,  378,  312 

5, 053,  826 

2, 999,  284 

1, 648, 844 

2, 153,  935 

1,  288,  130 

1,  751,  478 

263,  302 

786, 135 

10 
12 
10 

8 
14 
40 
33 
22 
14 

8 
15 

9 

1 

$356 

0.1-0.2 

1,824 

0.2-0.3 

2,585 

0.3-0.4 

2,852 

0.4-0.5 

6,144 

0.5-1 

30, 298 

1-2 

50,  592 

2-3 - 

54, 263 

3-4 

48, 007 

4-5 

35, 858 

5-10 

98,  867 

10-15 

107,  769 

15-20 

15,  223 

20-25. 

25-30 

1 

29, 756 

30-40 

40-50 

50-76 

1 
2 

54, 329 
152, 012 

75-100 

100-250 

250-500 

600-1,000 

1,000  and  over 

Total • 

28, 949 

204, 464,  357 

1,798 

3, 519, 373 

4,822 

44, 537, 495 

197 

484, 394 

STATISTICS    OF   INCOME 


105 


Table  8. — Individual  returns  with  net  income  of  $5,000  and  over,  19S6,  by  size  of 
profit  or  loss  from  business  (sole  proprietorship)  and  by  industrial  groups:  number 
of  businesses  with  profit  or  loss  and  amount  of  profit  or  loss — Continued 


Industrial  groups— Continued 

Size  of  profit  or  loss  from 

Trade— Wholesale  and  retail 

Service— Domestic  Oaundries,  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 

1 

2 

1 

3 

2 

8 

21 

25 

41 

55 

430 

90 

37 

14 

5 

6 

2 

$35 

344 

204 

1,005 

960 

6,761 

30,  802 

64,748 

145,  768 

251, 875 

3, 027, 845 

1,  097, 898 

619, 153 

306, 445 

132,  330 

210,  362 

93,042 

1 

$142 

31 

42 

37 

33 

38 

110 

203 

175 

216 

329 

2,100 

282 

90 

30 

16 

13 

4 

7 

3 

1 

$1, 460 

6,487 

9,119 

11,  338 

16,914 

83, 076 

294,  960 

436, 869 

753,  468 

1,  494, 909 

13, 948,  732 

3,  359, 167 

1,  552, 193 

665,  059 

432, 855 

438, 859 

174, 125 

387,  261 

267, 193 

174,  758 

16 
30 
25 
20 
12 
61 
62 
35 
11 

7 
18 

6 

$871 

0.1-0.2    

4,300 

0.2-0.3    

6,232 

0  3-0.4 

1 
2 
6 
8 

311 

861 

4,024 

11,  270 

7,266 

0.4-0.5 

5,299 

0  5-1    

42, 945 

1-2 

88, 667 

2-3  

88,  770 

3-4  

2 

1 
2 

6,057 
4,044 
11,813 

37,  567 

4-5  

30,  625 

5-10 

131,  877 

10-15              

62, 681 

15-20          

20-25              

25-30              

1 

1 
1 

25,  432 

30-40          

35,  689 

40-50          

44, 239 

50-75 - 

75-100         - 

1 
3 

96,  349 
330,  788 

100-250       

2 

280, 017 

250-500       

500-1,000       

1,000  and  over 

Total      

747 

6,  422,  714 

23 

38,  522 

3,760 

24, 508, 802 

307 

892, 477 

IndiL 

>trial  groi 

ips— Continued 

Size  of  profit  or  loss  from 
business 

Service— Amusements 

Service— Curative  (i 
ofche 

nedicina 

r) 

1  and  all 

Profit 

Loss 

Profit 

Loss 

(Thousands  of  dollars) 

Num- 
ber of 
busi- 
nesses 

Amount 

Num- 
bef  of 
busi- 
nesses 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Under  0.1     

6 

10 

13 

11 

11 

52 

83 

106 

88 

112 

778 

196 

83 

30 

30 

19 

8 

7 

1 

3 

$299 

1,545 

3,110 

3,966 

4,848 

38,  221 

125, 070 

267, 428 

306, 073 

508, 147 

5,  370,  540 

2,  378,  720 

1, 389,  678 

677, 108 

812,  323 

684,  221 

367,  405 

393,  925 

75, 905 

468,  653 

11 

12 

15 

12 

15 

33 

49 

43 

14 

18 

49 

16 

2 

4 

7 

3 

3 

1 

$340 

1,796 

3,846 

4,301 

6,806 

24,  791 

69, 730 

107,  595 

47, 841 

79,694 

341, 392 

193,828 

34, 447 

90,  311 

194,  235 

94,  703 

137,  330 

72,061 

129 

123 

93 

95 

88 

412 

884 

1, 046, 

1,344 

1,878 

16,  531 

3,814 

1,099 

413 

189 

135 

42 

28 

4 

4 

$6,  022 

18,  065 

23, 151 

33,  099 

38, 871 

314.  704 

1, 33JB.  361 

2,  631,  742 

4, 749,  234 

8,  536.  230 
115, 358,  712 

45,  480, 703 
18, 732, 512 

9,  092, 507 
5, 107, 499 
4,  540, 959 
1, 830,  609 
1,  620, 954 

333, 975 
669, 697 

67 

54 

46 

31 

33 

127 

111 

43 

16 

8 

17 

2 

$3, 141 

7,916 

0.2-0.3 

11,473 

10, 812 

0.4-0.5 -- 

14,  614 

92,028 

1-2  . 

157,  709 

103,  796 

3-4 

52,  532 

35, 136 

5-10 

110,  939 

26,  607 

15-20 

25-30 

40-50 

75-100 

250-500 

1,000  and  over 

Total. 

1,  R47 

13,  877. 185 

307 

1 

505.047 

28, 351 

220, 449,  606 

555 

626,703 

106 


STATISTICS   OF   INCOME 


Table  8. — Individual  returns  with  net  income  of  $6,000  and  over,  19S6,  by  size  of 
profit  or  loss  from  business  (sole  proprietorship)  and  by  industrial  groups:  number 
of  businesses  with  profit  or  loss  and  amount  of  profit  or  loss — Continued 


Industrial  groups— Continued 

Size  of  profit  or  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 

56 

53 

48 

36 

35 

109 

136 

93 

74 

82 

829 

221 

84 

41 

26 

34 

23 

21 

3 

6 

1 

$3, 059 

7,682 

11,926 

12,  823 

15, 459 

78,  240 

193,  648 

229, 025 

261.  755 

367, 964 

5,  707,  969 

2, 661,  408 

1,421,939 

920,  656 

721,288 

1, 167,  570 

1, 030,  237 

1,  230,  736 

263,  112 

767,  501 

269,  280 

43 

45 

31 

23 

17 

48 

50 

17 

9 

3 

10 

6 

1 

$1, 852 

6,551 

7,654 

8,248 

7,567 

34,  589 

70,  309 

41,014 

31,  237 

13,  370 

68,  944 

74,  027 

15,  669 

25 

86 

30 

23 

26 

93 

121 

125 

112 

152 

906 

233 

92 

42 

18 

27 

11 

5 

$1,  242 

5,141 

7,309 

8,304 

11,423 

71,  928 

182.  991 

307,  335 

392,  899 

687,  341 

6,  382, 928 

2,811,718 

1,  599,  631 

946,  268 

486, 014 

914,  224 

498,  813 

306,  741 

35 

27 

23 

16 

19 

44 

53 

22 

12 

9 

13 

5 

5 

$1,  675 

0.1-0.2  

4,233 

0.2-0.3 

5,716 

0.3-0.4 

5,516 

0.4-0.5           

8,41& 

0.5-1 

30,  604 

1-2 

71,  522 

2-3 

52. 965 

3^  

41, 114 

4-5 

38,  607 

5-10 

82, 012 

10-15            

61, 066 

15-20     

90, 400 

20-25 

25-30 

30-40                       

1 

39, 069 

40-50                

60-75            

1 

55, 620 

75-100          

100-250  

1 

247,464 

250-500                       

500-1,000             

1,000  and  over 

Total            

2,011 

17,  343,  277 

303 

381,031 

2,078 

15,  869,  714 

285 

588,  537 

Industrial  groups— Continued 

Size  of  profit  or  loss  from 
business 

(Thousands  of  dollars) 

Service- 

Legal 

Service— All  other 

Profit 

Loss 

Profit 

Loss 

Num- 
ber of 
busi- 
nesses 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Under  0.1 

157 

169 

144 

123 

114 

618 

857 

777 

767 

906 

5,592 

1,640 

629 

339 

179 

189 

83 

76 

21 

21 

1 

1 

$7,  298 
25,083 
35,  236 
42, 189 
51,  121 
383,  356 

1,  253,  700 
1, 936,  588 

2,  694,  249 
4, 095. 841 

39,  368,  563 
19, 828, 434 
10, 819,  415 
7,  526,  206 
4, 892,  058 
6,431,782 

3,  658, 967 
4,571,491 
1,  792,  728 
2, 896,  493 

294,  203 
584,  601 

79 

75 

69 

52 

43 

167 

123 

39 

25 

19 

29 

6 

1 

$3, 827 
10,284 
16,911 
17, 852 
19,544 
121,  203 
172.  580 
93,  703 
85,  703 
84,  136 
196,  249 
68,  381 
17,  Oil 

45 

37 

34 

43 

32 

119 

207 

192 

227 

311 

2,708 

587 

189 

91 

43 

39 

7 

14 

5 

4 

$2,  120 

5.417 

8,571 

15, 147 

14,  249 

86.  922 

306,  706 

475,  945 

798, 404 

1,421,471 

18,  742, 868 

7, 007,  450 

3,  240.  813 

2, 024.  883 

1, 170,  229 

1,  341,  693 

320,  623 

867.  272 

429. 393 

492, 407 

19 

19 

23 

15 

18 

50 

46 

17 

6 

5 

9 

1 

1 

$874 

0.1-0.2 

2,740 

0.2-0.3         

5,678 

0.3-0.4    

5,296 

0.4-0.5 

7,919 

0.5-1 

33,  403 

1-2 

69,  421 

2-3  

41,  844 

3-4 

21,504 

4-5. 

22,  294 

6-10        

61,  244 

10-15 

14.285 

15-20 

19,  577 

20-25 

25-30 

1 

25,  734 

30-40 

40-50     . 

50-75 

75-100 

100-250. 

250-500 

500-1,000 

1,000  and  over 

Total 

13, 303 

113,189,602 

728 

933, 118 

4,934 

38, 772, 583 

229 

306, 07» 

STATISTICS   OF   INCOME 


107 


Table  8. — Individual  returns  with  net  income  of  $5,000  and  over,  1936,  by  size  of 
profit  or  loss  from  business  (sole  proprietorship)  and  by  industrial,  groups:  number 
of  businesses  with  profit  or  loss  and  amount  of  profit  or  loss — Continued 


Industrial  groups— Continued 

Size  of  profit  or  loss  from 
business 

(Thousands  of  dollars) 

Finance— Investment  brokers 

Finance— Eeal  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 

9 

11 

8 

3 

11 

28 

58 

53 

60 

66 

372 

197 

111 

61 

54 

42 

23 

26 

7 

6 

$587 

1,532 

1,995 

1,023 

4,859 

21,  647 

89,  768 

135.917 

209,  793 

302,  431 

2,  681,  902 

2,  376,  293 

1, 953, 941 

1,  365,  584 

1, 490,  613 

1,  427,  650 

1,  020, 134 

1,  615,  101 

624, 179 

786,  696 

4 

4 

3 

7 

3 

30 

27 

11 

13 

6 

23 

5 

3 

1 

1 

$204 

555 

732 

2,408 

1,311 

21,  666 

40,641 

27,  312 

45,  072 

25, 833 

147, 348 

59, 929 

52.  422 

20,  638 

25,  233 

32 
29 
21 
36 
24 
101 
177 
170 
136 
158 
806 
178 
51 
24 
23 
11 
2 
5 

$1,  623 

4,452 

5,249 

12,  452 

10,  607 

74,095 

265,  081 

419,  716 

477, 878 

713. 008 

5,  654,  101 

2, 123,  950 

881,  679 

534,  167 

642,  066 

386,  063 

85, 124 

301, 130 

23 

28 

24 

14 

13 

82 

60 

44 

17 

12 

37 

10 

5 

1 

2 

1 

$872 
4,145 
5,897 
4,953 
5  890 

0.1-0.2  

0.2-0.3 

0.3-0.4 

0.4-0.5 

0.5-1 

62, 921 
84,  502 
108,  769 
57  695 

1-2 

2-3 

3-4 

4-5 

53, 472 
271  365 

5-10 

10-15 

125  143 

15-20 - 

89  212 

20-25 

20  032 

25-30 

53  597 

30-40 

34,  393 

40-50 -.. 

50-75 

1 

51,815 

75-100 

2 
1 

163, 839 
104,  222 

100-250 

1 

211,014 

2 

242, 494 

250-500 

500-1,000 

1,000  and  over 

Total 

1,206 

16,  111,  645 

143 

734, 133 

1,986 

12, 834, 935 

376 

1,  250, 919 

Industrial  groups— Continued 

Size  of  profit  or  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 

Amount 

Num- 
ber of 
busi- 
nesses 

Amount 

Under  0.1 _ 

59 

67 

62 

47 

40 

208 

333 

270 

268 

313 

2,052 

522 

195 

99 

34 

51 

18 

18 

5 

6 

$2,  720 
9,848 

15,  354 

16,  631 
18, 160 

157,  535 

489,  275 

676,  472 

936,  623 

1,416,101 

14. 428,  620 

6, 335,  285 

3,  335,  295 

2,  205, 175 

921.  737 

1,  758, 449 

790,  928 

1,  060,  573 

426,  034 

840, 629 

19 

13 

22 

7 

11 

37 

40 

14 

9 

9 

24 

4 

2 

1 

1 

2 

1 

1 

$963 
1,779 
5,692 
2.406 
4,857 

27,  778 
54,  019 
32,  900 

32,  272 
39, 885 

165,  731 
46,  306 

33,  933 
24, 150 

28,  644 
70,  123 
42,  739 
51,841 

104 

118 

82 

88 

59 

291 

393 

328 

348 

448 

2,815 

684 

239 

134 

44 

68 

31 

29 

7 

10 

$5,  030 

17,  342 

19.  946 

30,  328 

26,292 

211,045 

579,  648 

811.906 

1,  203,  057 

2,  024,  461 
19,  358,  879 

8,  312,  233 
4,131,189 
3, 042,  634 

1,  233,  478 

2.  326,  340 
1,  405, 106 
1,  664,  933 

554.  365 
1, 420, 130 

70 

73 

78 

60 

50 

189 

201 

91 

72 

35 

87 

38 

11 

12 

5 

5 

2 

2 

$3,  714 
10,  523 

0.1-0.2 

0.2-0.3  

18  782 

20,  776 

0.4-0.5- 

22,  262 

0.5-1 

137,  631 

1-2 

284,  795 

2-3 

218.711 

3-4 

247,  674 

155,  516 

4-5. 

6-10 

623,  215 

10-15 

465,  776 

15-20 

188, 091 

20-25 

262, 035 

25-30 

137,  638 

30-40 - 

174,811 

40-50 

92,  895 

50-75 

106, 414 

75-100 

2 

283, 967 

250-500 

500-1,000 

1,000  and  over 

Total 

4,667 

35, 841, 444 

217 

666, 018 

6,320 

48, 378,  342 

1,083 

3, 455,  226 

83167— 3£ 


108 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years 


Net  income  classes 

Alabama 

Arizona 

(Thousands  of  dollars) 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  income 

Total  tax 

Under  1  (est.)' 

1,414 

164 

2,872 

3,596 

2,058 

2,159 

2,214 

846 

4,051 

1,159 

1,861 

1,709 

541 

1,305 

81 

979 

32 

720 

6 

1,018 

694 

424 

336 

243 

191 

124 

102 

106 

77 

256 

132 

78 

84 

35 

18 

12 

4 

6 

$943,  588 
74,  639 
3,  405,  503 
4, 628,  366 
3,  583,  526 
3,  690, 139 
5, 031,  384 
1,861,956 
11,010,665 

3,  268, 184 
5, 936,  426 

5,  535, 193 
1, 982, 327 
4, 865,  512 

343,  225 
4, 143, 157 

147,  661 

3,418,278 

31,416 

6,  553, 490 

4,  486,  673 
3, 162, 874 
2, 843,  809 
2,  302, 975 
2, 002,  723 
1,  425, 837 
1,  271,  403 
1,  4.34,  749 
1,115,760 
4,  3,54,  155 
2, 948,  294 
2,126,607 
2,873,811 
1,  555,  623 

966,  713 
773,917 
304, 165 
504, 214 

910 

20 

1,499 

1,453 

1,065 

1,716 

1,218 

721 

1,984 

688 

754 

884 

230 

783 

60 

642 

10 

464 

6 

695 

381 

179 

113 

105 

67 

38 

41 

15 

24 

71 

46 

12 

16 

14 

8 

1 

1 

4 

2 

3 

$600, 966 
11,844 
1,789,933 
1,901,209 
1,867,195 
2,951,547 
2,  767,  761 

1,  586, 948 
6, 388, 187 
1, 909, 156 
2, 405,  763 
2,873,294 

844,  523 

2, 940, 150 

248.  249 

2,  725,  613 

47, 633 

2, 198, 016 

31,  433 

3,  240,  618 
2,  460, 161 
1,  336,  491 

951. 026 
994.  778 
697, 479 
436, 946 
612,  640 
202, 057 
347,  528 

1,  221,  487 
1, 005. 8.34 

329. 027 
556,  530 
630.  461 
433,  378 
(2) 

(n 

.337, 855 
330, 859 

Under  1  (est.)         

$2,  531 

$280 

1-1.5  (est.)'-- 

1-1  5  (est.)           

23,  715 

10, 524 

1  6-2  (est.)'  .  

1  6-2  (est.)     - 

44, 697 

34, 967 

2-2  5  (est.)'   

2-2  5  (est.)  

29,829 

24,839 

2  5-3  (est.)' 

2  6-3  (est.) - 

24,  354 

22, 041 

3-3.5  (est.)' 

3  3  5  (est.)            

41, 206 

25,  406 

3  5-4  (est.)' - 

3  5-4  (est.)        -- 

44,999 

36  313 

4-4  5  (est.)'   - 

4-4  5  (est.)  

46, 196 

39, 211 

4  5-5  (est. )' 

4  6-5  (est.)     

46,  587 

38, 435 

5-6  I             - 

5-6             

94, 858 
95,  719 
83,  577 
92, 590 
89, 474 
86, 965 
69, 947 
64,  237 
79,  444 
67,  532 
304,  538 
262, 099 
229, 199 
384,  613 
252,  048 
181,112 
157,  749 
79, 061 
141,471 

65, 691 

6-7         

66, 651 

7-8    

47, 165 

8-9    

40, 982 

9-10    

61,453 

10-11               

34,  721 

11-12         

24, 660 

12-13        --. 

30,  667 

13-14 

12, 495 

14-15    - 

23,  535 

15-20    - 

93,  844 

20-25  

96,  434 

25-30  

36, 942 

30-40 

77,  592 

40-50                  

106,  320 

50-60               

82, 079 

60-70       

(') 

70-80      

(2) 

80-90    

94, 104 

^O-lOO                           

(2) 

100-150 

3 
1 
1 

(2) 

(») 

118,275 

150-200                    

200-250             - 

250-300         

300-400    - 

400-500  

50O-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         

738,  661 

314, 489 

329, 917 

93,  621 

Total 

31,712 

106,  647,  588 

3, 434, 836 

16. 842 

51, 444, 492 

1, 429,  247 

Summary  for  prior  years: ' 

26, 141 
23, 072 
19. 962 
20.  680 
19.  .532 
22.  605 
25.818 
26. 891 
27. 992 
28.  540 

80, 443, 944 
69, 229, 199 
53,  673.  478 
54. 020.  284 
70.  309.  297 
93. 900.  510 
122.  569. 172 
142,167.220 
133.  224.  614 
136,  523,  003 

1,  701,  528 
1, 407, 104 

978.  404 

769. 932 

640.  467 

1.3.53.  .584 

2.087.718 

4, 035.  792 

2.  4.55, 166 
2,  449, 196 

13, 941 
11,378 
8,588 
8.900 
8. 035 
10.  590 
12.  448 
11,527 
11,059 
10,  509 

38, 298, 031 
29, 802, 959 
20,851,766 
23,  354,  960 
28,  745, 823 
42.  775, 084 
60.  788, 434 
58.  368,  659 
45,837,158 
41,  716,  ,578 

647, 859 

19,34 

391, 723 

265,  635 

19.32 

305,  405 

247,  280 

1930 

584,  274 

1,113,778 

1928 

1,  600,  309 

1927 

997, 800 

1926 

498, 896 

For  footnotes,  see  p.  132. 


STATISTICS    OF   INCOME 


109 


Table  9. — Individual  returns,  19S6,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


Under  1  (est.)'---. 

Under  1  (est.) 

1-1.5  (est.)i 

1-1.5  (est.) , 

1.5-2  (est.)i 

1.5-2  (est.) 

2-2.5  (est.)i 

■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.)i 

4-4.5  (est.) 

4.&-5  (est.)i 

4.5-5  (est.) 

5-6' --. 

5-6 

6-7. - 

7-8 - 

«-9 

9-10 

10-11 

11-12 

12-13 

13-14 

14-15 

15-20 

20-25.-- ---. 

25-30 

30-40 - 

40-50 

50-60 

60-70 

70-80 

80-90 

90-100 

100-150 

150-200 

200-250 

250-300 

300-400 

400-500 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 — 

4,000-5,000 

5,000  and  over 

Classes  grouped  2. 

Total 


Summary  for  prior  years: ' 

1935 

1934 

1933 - - 

1932- - 

1931 

1930 

1929 

1928 

1927- 

1926 


Arkansas 


Number 
of  returns 


837 

65 

1,372 

1,120 

1,098 

908 

1,446 

402 

2,098 

588 

950 

977 

264 

776 

64 

631 

24 

418 

4 

642 

,398 

293 

197 

192 

131 

110 

71 

67 

53 

180 

74 

49 

42 

21 

11 

2 

3 

4 

2 

2 

1 


14,085 
13.318 
11,427 
10,  S'iO 
9,873 
12,  490 
15,813 

16,  6.60 

17,  331 
19,  363 


Net  income 


$549,  312 
41, 898 
1,  664,  241 
1,443,815 
1,921,749 

1,  558, 426 
3,  306,  696 

884,  721 
5, 691,  217 
1, 659, 073 
3, 024,  850 
3, 175,  768 

976,  394 

2,  918,  376 
268,  839 

2, 672, 138 

113,910 

1, 989, 187 

20,  625 

3,  514,  291 
2,  579,  165 
2, 185,  575 
1,  670,  991 
1,816,548 
1,  369,  773 
1,  257,  949 

884,  583 

901,  242 

769, 694 

3, 105,  714 

1,652,355 

1,  339,  031 

1,431,436 

923,  995 

583, 757 

(2) 

224, 221 
343,  635 
(') 


721,  435 
61, 156,  625 


43,351,163 
38. 885,  585 
29,366.515 
24,716,119 
29,  256,  385 
43,  282,  986 
68,910,9.36 
71,  689,  792 
75,  553,  896 
84,  661, 070 


Total  tax 


$1, 331 
"'8,"i39 


14,  485 
"i2,'559 


20, 177 
"23,'758 
'29,'3i5' 


27, 167 


62,  280 

55,  266 

58, 449 

57, 144 

71,  692 

59, 165 

59,  274 

45,  653 

50,  676 

47,  228 

217, 182 

145,  597 

150,  252 

188,215 

145, 942 

109,  379 

55, 345 
95,  914 
(') 

m 

0) 


243,  738 
2, 073,  666 


796, 832 
677,  515 
370, 043 
215,  937 
107, 830 
241.  787 
712,  954 
877,  747 
1. 339,  952 
1,481,272 


California 


Number 
of  returns 


20,  551 
672 
45, 465 
59, 660 
26, 314 
43,905 
27,  263 
18,  651 
36,  284 

17,  833 
13,  806 
21, 508 

3,781 

18,  361 
730 

12, 875 

109 

9,699 

36 

16, 954 

10,920 

6,400 

4,167 

2,945 

2,279 

1,836 

1,493 

1.239 

1,039 

3,398 

1,711 

1,126 

1,314 

584 

386 

233 

159 

109 

66 

165 

54 

14 

8 

14 

9 

3 


436, 128 


367,  757 
315,766 
286,  580 
295, 650 
248,  722 
293, 048 
309,  047 
316,  73s 
315,  566 
315,  344 


Net  income 


$13, 549, 
397 
54,  672 
77, 101 
45,  724, 
75,  321 
61,  817 
41,176 
98,  698, 
49, 925, 
44, 127! 

69,  730: 
13, 870 
68,  735: 

3, 055; 
64,  501 

509, 
45, 912: 

194 
92,  671 

70,  460, 
47,  701 
35,  304 
27,  927 
23, 885, 
21, 099, 

18,  630, 
16,  694 
15, 027, 
58,  624 
38,  252, 
30,  719, 
45, 135, 
25, 975, 
21, 105, 
15,  023 
11,853, 

9,  229, 
6,288 

19,  464 
9,053 

3.  003 
2, 153 

4,  670 
3, 964, 
1,  654, 


1, 494,  599,  201 


1, 172, 

908, 

785, 

841, 

967, 

1,  330, 

1,  689, 

1.  765. 

1,  582, 

1,  571, 


303, 199 
067, 116 
354, 006 
047,  708 
099, 004 
603,  655 
896, 424 
573, 139 
576,  258 
673,  688 


Total  tax 


$11,933 
403,"865 


910, 239 
'68i,"644 
'547,"689 


627, 005 


814,604 


823, 648 


819, 746 


1, 950, 060 
1,  852, 965 
1.593,186 
1,441,675 
1,  305, 185 
1,  223, 155 
1, 176,  690 
1, 109,  678 

1,  053, 686 
1,007,110 
4,  502, 476 
3,  647,  407 
3,  520.  324 
6,247,912 
4,316.896 
4, 101, 868 
3,  342,  816 

2,  998, 882 
2, 617, 333 

1,  974, 054 
7,  218, 074 
4, 046. 843 
1, 473, 089 
1,130.060 
2, 603,  710 

2,  357, 041 
976,  402 


76,  428, 350 


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 


For  footnotes,  see  p.  132. 


no 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Colorado 

Connecticut 

(Thousands  of  dollars) 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  income 

Total  tai 

Under  1  (est  )■ 

2,271 

176 

3,634 

4,697 

2,609 

3,198 

2,994 

1,318 

3,  863 

1,537 

1,676 

2,152 

538 

1,835 

98 

1,255 

7 

945 

1 

1,400 

924 

627 

480 

300 

234 

203 

158 

134 

129 

352 

167 

116 

119 

68 

38 

21 

10 

6 

4 

19 

6 

4 

3 

1 

2 

3 

$1, 429,  766 
93,  250 
4, 352,  804 
6,  034, 932 
4,535,910 
5,511,697 
6,  804,  578 
2,  899,  397 

10,  441,  550 

4,  331,  049 

5,  351, 167 

6,  989,  986 
1, 978,  948 

6,  841,  749 
409,  480 

5, 340,  840 
32,  646 

4,  467, 426 
(2) 

7,  648,  643 

5,  977,  542 
4,  672,  906 
4,  060,  768 
2,  853.  737 
2,  450,  938 

2,  332,  251 
1,968,361 
1,813,622 

1,  865,  290 

6,  067.  024 

3,  753,  892 
3, 170, 144 
4,021,603 
3, 040,  930 

2,  100.  883 
1,34.3,218 

744,  919 
508,  168 
376, 198 
2, 195,  664 
1, 098.  849 
903,  193 
792, 082 

(2) 

m 

1,  728,  580 

5,367 

647 

21, 400 

22,  400 

6,724 

8,843 

6,093 

3,857 

10,  354 

3,410 

3,764 

4,326 

1,183 

3,370 

294 

2.218 

96 

1,902 

20 

3,333 

2,399 

1,607 

1,153 

955 

691 

625 

468 

390 

339 

1,160 

644 

422 

497 

238 

168 

116 

74 

54 

40 

88 

35 

16 

3 

9 

4 

5 

3 

1 

$3, 791, 810 
332, 447 
24, 972,  838 
28,  308,  751 
11,654,751 
15,  076,  745 

13,  843,  207 

8,  549,  603 
28, 095, 473 

9,  529,  692 
12, 067,  266 
14, 031,  225 

4, 342, 492 

12,617,975 

1,  234, 053 

9,  404,  352 

448,  698 

9,  014,  641 

106,  889 

18,  224,  030 

15, 499,  255 

12, 013,  690 

9,  774,  770 

9, 048,  679 

7, 240,  889 

7, 184,  726 

5,  842, 057 

5,271,818 

4, 900,  530 

20,  046,  415 

14,  365,  823 
11,546,446 
17, 056,  747 
10,  660,  323 

9,  219,  200 
7,  543,  935 
5,  514,  657 
4.  556,  354 
3,  804,  957 
10.  413,  613 
6, 008,  526 
3,  578,  967 

801,  357 
3, 177,  860 
1,  749,  504 
3, 086, 059 

(») 

Under  1  (est.) -- 

$3, 168 

$11, 379 

115  (est )'                          

1-1.5  (est.) 

31, 142 

133,  532 

1  5-2  (est.)  '                -- 

1  5-2  (est.)             

65,  488 

185,  699 

2  2  5  (est )' 

2-2  5  (est.)    

47,  880 

150,  359 

2  5-3  (est.)' 

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

40, 326 

114,979 

3  3  5  (e'^t  )■ 

3-3.5  (est.)- - 

56,  832 

143,412 

3  5-4  (est.)'                      

3.5-4  (est.)-  — 

64,  652 

140,  332 

4-4  5  (est )' 

4-4  5  (est.)          -. 

60,288 

139, 696 

4  5-5  (est )' 

4  5-5  (est.)       

63, 895 

154,  869 

5-6 ' 

5-6         -.- 

136, 140 
141,092 
131, 136 
142,  251 
113,409 
109,  319 

114,  707 
105,  224 
105, 405 

115,  186 
430,  239 
349, 126 
348,  450 
536,  728 
496, 120 
474,  422 
291,  499 
184,  259 
144, 272 
115,910 
802,  619 
508.  860 
447,  854 
412,  794 

0) 

m 

1,081,668 

350.  779 

6-7       - 

358,  219 

7-8    

347,  989 

8-9    -- 

345, 398 

9-10 

371,801 

10-11      

332,  648 

11-12       

362,  249 

12-13         - 

312,953 

13-14      , - -- 

308, 681 

14-15    - 

303,  831 

15-20      - 

1,  458, 088 

20-25    -- -- 

1,  325,  588 

25-30                      -- 

1,  284,  979 

30-40               

2.  310,  707 

40-50         -.- 

1,765,412 

50-60       - -- 

1,  784, 996 

60-70      

1,  681,  521 

70-80    

1,  387, 437 

gO-90                               

1,  287, 103 

90-100       

1, 194,  877 

100-150    - 

3,  866,  312 

150-200    

2,  708,  866 

200-2.50    .-- - 

1,  775.  883 

250-300 

418,371 

300-400           .                

1,796,126 

400-500                   

1, 035.  219 

500-750               

1,  955,  202 

750-1  000 

C) 

1  000-1  500 

C) 

1  500-2  000                  --- 

2  000  3  000 

3  onO-4  000 

1, 152, 961 

662,  274 

3,  551,  858 

2. 377, 362 

Total 

40, 332 

146,  498,  541 

8, 934,  634 

121,  805 

439, 105, 953 

35, 982,  854 

Summary  for  prior  years: ' 

1935 

33.  475 
31,  232 
28,  725 

30,  537 
25,  279 
28, 986 

31,  268 
31,091 
31,  727 
35,  110 

108,  379. 317 
94.  502.  319 
74,  445,  866 
82, 077,  771 
96,661,700 
125,  795,  609 
158.751,528 
158, 931,  875 
148,  473,  486 
154,  804,  655 

4, 057,  259 
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 

100,  898 
91,352 
81,  850 
86,  308 
65,  306 
74,  821 
82. 049 
81, 063 
77,  778 
81,  449 

340,  303,  213 
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 

17,  227, 337 

12,  325,  678 

1933    -- 

8,691,835 

8. 155,  965 

1931 

6, 067,  228 

11,  435.  656 

1929      

23.  693. 045 

23. 104, 139 

1927 

16.117,674 

1926 

13,751.314 

For  footnotes,  see  p.  132. 


STATISTICS   OF   INCOME 


111 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 

Delaware 

District  of  Columbia 

(Thousands  of  dollars) 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  income 

Total  tax 

Under  1  (est.)'  

640 

88 

1,192 

1,810 

781 

1,117 

832 

387 

1,158 

613 

487 

717 

145 

543 

38 

407 

4 

316 

$413, 162 

34,  728 

1,421,087 

2,  303,  222 

1, 357, 923 

1,933,884 

1, 884, 131 

858, 604 

3, 145, 670 

1,  717, 965 

1,  559, 038 

2,330,068 

530, 184 

2, 036, 484 

159, 170 

1, 712, 823 

19,  256 

1, 505, 060 



2,242 

233 

9,780 

12, 436 

6,293 

18,  627 

4,772 

8,670 

7,573 

5,214 

3,707 

5,397 

1,063 

4,590 

195 

3,396 

40 

2,718 

11 

3,167 

1,819 

1,056 

705 

516 

386 

284 

220 

187 

157 

483 

296 

168 

186 

102 

62 

19 

18 

16 

8 

33 

9 

2 

3 

1 

1 

1 

$1,672,356 

138, 409 

12, 066, 089 

16,  718,  887 

10, 824,  225 

31,948,836 

10, 862, 432 

19, 221, 288 

20,  557,  616 

14, 331, 146 

11,836,864 

17,476,294 

3, 923, 321 

17, 230, 660 

817,851 

14,421,010 

184,  548 

12,864,388 

57, 726 

17, 293,  562 

11,753,523 

7, 886, 100 

5, 979, 173 

4, 894,  438 

4, 040, 311 

3,  260, 066 
2,746,047 
2,  524, 549 
2,  272, 916 
8, 362,  823 
6,  558,  582 

4,  617,  546 
6,344,711 
4,  556,  562 
3, 394,  259 
1,  220, 018 
1, 340, 671 
1, 353, 132 

757, 039 
4, 008, 575 
1, 498, 973 

802,  642 
(2) 
(') 
(») 

Under  1  (est.) 

$1,067 

$3, 841 

1-1  5  (est  )i 

1-1  6  (est.)    

11,836 

109,957 

1  5-2  (est  )i                       

1.5-2  (est.)  

24,  782 

390, 764 

2  2  5  (est )'                

2-2.5  (est.) 

15, 573 

323. 859 

2  5-3  (est.)'         

2  5-3  (est.) 

19,388 

212, 701 

3  3  5  (est )' 

3-3  5  (est.)  

22,  590 

200,438 

3  5-4  (est  )'                   .        

3  5-4  (est.)  

20,564 

195, 493 

4-4  5  (est  )i              

4-4.5  (est.) 

23, 620 

195,662 

4  5-5  (est.)' 

4  5-5  (est.)  

22, 184 

190,910 

5-61     

5-6 

457 

307 

211 

176 

131 

115 

100 

83 

65 

59 

193 

115 

81 

94 

57 

35 

35 

15 

16 

15 

38 

18 

12 

3 

7 

6 

8 

5 

4 

2 

1 

2, 505,  232 
1,991,989 
1,  582, 159 
1,  489,  520 
1,238,025 
1,  210,  621 
1, 149,  732 

1,  041, 962 
879, 626 
854,  803 

3,  298,  209 

2,  534,  776 

2,  230, 121 

3,  221,  715 
2,  527,  691 

1,  876, 230 

2,  235, 926 
1, 126,  866 

1,  356,  662 
1, 425, 170 

4,  575, 004 
2, 999, 743 

2,  699,  580 
801,  516 

2,  353,  653 
2,  652,  229 
4,984,928 
4, 447, 431 
4, 950,  799 

48, 150 

46,  525 

46,  997 

53, 015 

51,369 

54, 884 

55, 830 

58, 874 

50,  404 

54, 878 

240, 743 

233, 708 

251,  446 

444, 044 

416,518 

359, 036 

491,  531 

289, 145 

384,  696 

448, 757 

1,  724, 959 

1,341,363 

1, 343, 157 

420, 327 

1,317,570 

1,  574,  511 

3, 164.  283 

2, 973,  859 

3, 447, 600 

(2) 

312, 144 

€-7 

267, 433 

7-8 

219, 562 

8-9 

205, 910 

9-10 

194,  720 

10-11    

180, 722 

162, 956 

12-13  

146, 141 

146, 413 

14-15 

137,  766 

595, 123 

20-25.... 

584,  688 

505, 315 

30-40 

852, 487 

747,070 

50-60 

644,835 

263, 926 

70-80 

335, 434 

80-90 

384,347 

90-100  

233, 979 

100-150 

1, 514,  703 

150-200 

665,  228 

0) 

250-300 

418,883 

« 

400-500 

(») 

500-750 

(') 

750-1,000 

1,000-1,500... 

1 

(') 

(2) 

1,500-2,000 

3,000-4,000 

Classes  grouped ' 

5, 530, 403 

3, 989, 072 

2, 847,  502 

1,747,489 

Total 

13,  739 

96,  694, 780 

25,  538, 755 

106, 863 

327, 467,  666 

13,  290, 899 

1935 

11,371 
10,  620 
9,910 
9,822 
8,284 
9,342 
9,780 
9,592 
9,266 
9,301 

64,759,925 
55, 073, 452 
45,  536,  527 
46, 026,  220 
51,044,537 
64, 913,  288 
148, 850,  300 
107, 335, 477 
90, 262, 899 
70, 544,  423 

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 

95, 271 
82, 871 
69, 967 
73,  501 
51, 920 
51, 044 
48,087 
44, 183 
39, 560 
40,024 

268, 667, 106 
234, 925,  250 
192,  795, 436 
213, 475, 879 
200,  628, 347 
217,  558,  448 
242, 282,  698 
227, 620,  606 
198,938,042 
198, 055,  768 

7, 175, 849 

1934. 

5, 653, 864 

1933 

4,  625, 042 

5, 115, 177 

1931 

2,974,707 

1930 

4, 200, 940 

1929. 

6, 408,  622 

1928 

7, 474,  643 

1927 

6, 027, 133 

1926 

5,  526,  436 

For  footnotes,  see  p.  132. 


112 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


Number 
of  returns 


Florida 


Net  income 


Total  tax 


Number 
ofreturns 


Georgia 


Net  income 


Under  1  (est.) '. 
Under  1  (est.)  — 
1-1.5  fest.)  > 
1-1.5  (est.). 
1.5-2  (est.)  I 
1.6-2  (est.). 
2-2.5  (est.)  1 
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.)  1 
4-4.5  (est.) - 

4.5-5  (est.)' 

4.5-5  (est.)- 

fi-6i 

«-6 

6-7. 

7-8 

8-9- 

9-10.- 

10-11- 

11-12 

12-13 

13-14 

14-15 

15-20 

20-25 

25-30 

30-40 

40-50 

50-60- 

60-70 

70-80 

80-90 

90-100 

100-150 

150-200 

200-2.50 

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 

6,000  and  over 

Classes  grouped '. 

Total 


Summary  for  prior  years: ' 

1935 

1934- 

1933- 

1932 

1931 

19.30 

1929- 

1928- 

1927 

1926 - 


2,796 

199 

3,910 

3,573 

2,998 

2,461 

3, 185 

1.301 

4,831 

1, 6.53 

1,683 

2,286 

745 

1,711 

149 

1,216 

46 

1,069 

6 

1,850 

1,312 

900 

666 

516 

399 

319 

280 

222 

168 

550 

321 

180 

179 

117 

67 

39 

28 

24 

16 

34 

16 

9 

3 

6 


$1,  763, 587 

107, 941 

4,  766.  635 

4,  596, 861 

5,  235, 046 
4,  220,  629 
7, 196.  701 
2, 863.  735 

13.  185.  727 
4.  665,  350 
5,381,069 
7,  437,  544 

2,  752, 153 

6,  414. 123 
618.426 

6, 147.  194 

218.083 

6,  058,  349 

32,  117 

10, 137,  397 

8, 486. 108 

6,  723.  145 

5,641,170 

4,897,418 

4, 169,  267 

3,  659,  980 

3,  494.  437 
2,  993, 352 

2,  435,  730 
9,  398,  926 
7,181,283 

4,  925,  352 
6,  207,  891 

5,  248,  478 

3,  632,  882 
2,  538,  985 
2,  070,  716 
2, 045,  216 

1,  488,  988 
4, 146,  497 

2,  717,  283 
2, 001,  207 

825, 184 
1, 978,  925 
2,  654,  962 


$3,  331 
'26,182' 


51,421 


47,  290 


39,  740 
'53^472' 


63,313 
'62,'7io" 


73, 889 


182.854 
192.112 

184.  204 
192.  644 
197,  278 

185.  635 
179. 134 
189,811 
171,769 
148.291 
660.  403 
658, 161 
547,  323 
847,  162 
870,  389 
693. 023 
565,  917 
517,  519 
583,  216 
4.58,811 

1,571,317 

1,  221,  936 

992,  590 

436, 921 

1, 071,  949 

1,  578,  351 

(') 


2,005 

262 

5,060 

5,127 

3,237 

2,685 

3,541 

1,241 

6,329 

1..897 

2.504 

2,670 

896 

2,236 

182 

1,715 

45 

1,077 

4 

1,543 

1,099 

806 

586 

408 

316 

261 

206 

175 

155 

476 

262 

135 

170 

74 

31 

27 

12 

10 

14 

22 


$1,362,641 
136, 833 

6,  071,  791 
6, 546. 164 
5,  636, 044 
4, 580, 370 
8,  012.  365 

2,  745.  647 
17,218,018 

5,  338,  828 
8,019,890 
8,  698. 426 

3.  318,  626 
8. 389, 622 

763,  047 

7,  265, 021 
209, 867 

5, 103, 895 
20,  714 
8, 430, 690 
7,117,743 
6, 032.  819 

4,  974.  250 

3. 867.  748 
3,  310,  748 
2.  994.  969 
2.571,597 
2.361.  137 

2,  247, 195 

8,  192,  969 

5. 868,  244 

3,  687.  855 

5.  726,  321 
3,  272.  679 
1,  680, 156 
1,  7.50,  156 

895,511 
836, 404 

1,  343, 139 

2,  562,  930 
1, 448,  377 


(.') 


W 


(') 


4,  343, 158 


3,  088, 153 


1,  014,  977 


44,048 


197,  705,  207 


18,  608,  221 


49,  512 


181, 626, 423 


38,  021 
32,  550 
28,  775 
29, 303 
25,  340 
28, 133 
30,  040 
32,  155 
40,  080 
56, 109 


144,  693,  408 
112,102,614 
84,  718,  099 
88,  451,  612 
105,  215,  176 
126,  910,  394 
164,  355, 108 
178, 843,  603 
206.  917,  6,57 
322,  601,  033 


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 


46,  702 
38, 137 
32,  229 

31,  730 
25,  729 
28,  996 

32,  289 
32, 921 

33,  818 
36,  744 


150, 963, 172 
122, 612,  284 
94, 892,  882 
92,  882,  516 
102, 907, 022 
128,  081,  049 
16.3, 181,  491 
167,  063,  587 
167,  407,  479 
171, 146,  482 


For  footnotes,  see  p.  132. 


STATISTICS   OF   INCOME 


113 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 

Hawaii 

Idahio 

(Thousands  of  dollars) 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  income 

Total  tax 

Under  1  (est.)  • 

851 

46 

1,677 

2,243 

869 

984 

841 

530 

1,654 

544 

666 

621 

271 

571 

54 

380 

22 

221 

11 

535 

338 

235 

162 

110 

115 

71 

66 

40 

44 

125 

91 

39 

59 

32 

25 

12 

14 

10 

8 

16 

7 

3 

$485, 004 
24, 969 
2,  013,  877 
2, 834, 028 
1,  520,  951 
1, 672,  223 
1, 921,  298 
1, 186,  778 
4,  484,  486 
1,  501,  806 
2, 144,  779 
2, 016,  507 
1, 000,  799 
2, 153,  426 

226, 958 
1, 605, 174 

103,  749 
1, 053,  891 
58,  668 
2,916,811 
2, 182, 459 
1,  755,  599 
1,  371,  222 
1, 04.3,  396 

1,  204, 025 
818, 636 
818,  439 
543, 099 
636,  285 

2, 132,  772 

2,  008,  742 

1,  060,  858 

2,  069,  504 
1,  420,  006 
1,  345.  698 

789,  401 
1,  045,  533 

838,  770 

752,  689 
1,867,516 
1, 169, 829 

(2) 

259 

8 

1,545 

1,752 

737 

1,269 

511 

581 

1,965 

589 

724 

759 

227 

782 

60 

616 

26 

401 

7 

561 

327 

160 

68 

46 

35 

28 

28 

13 

22 

41 

29 

8 

12 

3 

$156, 114 
5,757 
1, 820, 330 
2,  272, 151 
1,  267, 027 
2, 175, 953 

1,  141,  668 
1,291,201 
5,  335, 048 
1, 637, 090 
2, 307, 886 
2, 475.  608 

830, 481 

2, 932,  615 

249,  780 

2,  606, 051 
122,  835 

1, 896, 169 

36,486 

3, 062, 380 

2, 108,  566 

1, 194,  991 

573, 126 

438,  788 

366,  942 

323,648 

353,  865 

172,  252 

320,  740 

680,  868 

627,  019 

219,  865 

417,  229 

Under  1  (est.) 

$911 

$126 

1-1.5  (est.)  1 

1-1.5  (est.) 

13,  043 

11  598 

1.5-2  (est.)  > 

1.5-2  (est.) 

19,  777 

24,  912 

2-2.5  (est.)  1 

2-2.5  (est.) 

19, 455 

18,  927 

2.5-3  est.)  1 

2.&-3  (est.) 

16,100 

18,898 

3-3.5  (est.)  1 

3-3.5  (est.). 

16,425 

23,97S 

3.5-4  (est.)  1 

3.5-4  (est.) 

19, 101 

35,  299 

4-4.5  (est.)  1 

4-4.5  (est.)- 

18, 798 

37,  248 

4.5-5  (est.) ' 

4.5-5  (est.) 

15,323 

30, 923 

5-6 1 

5-6 

49.  214 
47, 118 
51,  268 
45,  751 
42, 450 
54,265 

40,  724 

41,  503 
30, 606 
38, 167 

152,  682 
184, 047 
117,888 
286,  259 
233,  955 
253.  480 
178.  069 
262.  264 
241,  618 
234, 197 
689,  730 
521,442 
(2) 

61, 010 
53,289 
40,  251 
23  389 

6-7 

7-8 

8-9 

9-10 

21  171 

10-11. 

19,  889 
18  951 

11-12. 

12-13 

22,250 
11, 198 

13-14 

14-15 

22,090 
52, 071 
61,  520 

15-20 

20-25 

25-30 

25,728 
60,007 
(») 

30-40 

40-50 

60-60 

60-70 

70-80 

2 

(») 

(') 

80-80.. 

90-100 

100-150. 

150-200 

200-250 

250-300 

300-JOO 

1 

(') 

(0 

400-500 

800-750 

760-1.000. 

1,000-1,500 

1,600-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

6,000  and  over 

936, 907 

472,  673 

271,975 

67, 710 

15,  214 

58.  737,  567 

4,  408,  203 

14,  201 

41,  692,  504 

752,  433 

1935 

13, 262 
11.252 
10, 835 
12, 192 
7,328 
7,869 
8,210 
8.047 
9,252 
9,146 

46,  901, 822 
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 

2, 396,  253 
1,  563.  069 
1, 140.  546 
1, 101.  535 
815.673 
972,  216 
1,  220.  345 
1,311.756 
1,  200.  544 
1, 096, 213 

11,005 
S.932 
01,072 
6,788 
6.684 
7,852 
9.830 
9.808 
10, 673 
11,617 

29, 803, 013 
23, 636. 891 
14. 582,  154 
.13.  688.  578 
18.  350, 071 
27.  757,  374 
38, 625. 958 
37, 121, 872 
38, 448,  758 
39,887,951 

351, 103 

1934 

281,770 

1933 

130. 027 

1932 

97. 113 

1931 

46. 045 

1930.. 

128,  290 

1929 

184,  325 

1928 

283. 172 

1927 

247,  272 

1926 

184,  344 

For  footnotes,  bm  p.  132. 


114 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


Under  1  (est.)' 
Under  1  (est.). 
1-1.5  (est.)  1..., 
1-1.5  (est.). — 
1.5-2  (est.)'-.. 

1.5-2  (est.) 

2-2.5  (est.)"... 

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.) '„- 

4.5-5  (est.) 

5-fii 

5-6- 

6-7 

7-8 


9-10- 

10-11 

11-12 

12-13 

13-14 

14-15 

15-20- 

20-25 

25-30 

30-40 

40-50 

50-60 

60-70 

70-80 - 

80-90_ 

90-100_ 

100-150 

150-200 

200-250 

250-300 

300-400 

400-500 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000- 

2,000-3,000 

3,000-4,000 

4,000-5,000 

6,000  and  over 

Classes  grouped  '- 


Total. 


Summary  for  prior  years: ' 

1935 

1934 

1933 

1932— 

1931 

1930 

1929 

1928- 

1927 

1926 


Illinois 


Number 
of  returns 


15, 243 

1,456 

49, 599 

37, 989 

24,  593 

39, 599 

24,  956 

20,  212 

44,145 

15,  288 

18,  714 

18,  834 

5,171 

17,817 

1,259 

14, 161 

178 

10,  617 

44 

13,  601 

8,992 

6,411 

4,587 

3,438 

2,654 

2,202 

1,845 

1,408 

1,269 

4.238 

2,280 

1,394 

1,556 

879 

537 

298 

198 

134 

111 

226 

75 

38 

17 

22 

3 

6 

4 

4 

1 


345, 857 
310,456 
282,  360 
286,  888 
270,  759 
327,  631 
369, 855 
373,  621 
378,  859 
374, 725 


Net  income 


$10,  525, 936 

784, 130 

58,  955,  649 

49,  571, 803 
42, 499,  037 
68,  201,  292 
56,  754, 123 
44,  641,  327 

119,849,284 
42,521,464 
59,731,358 
61,343,486 
19, 022, 085 
66,  807, 810 
5,  258,  328 
60,  075,  937 
826, 197 

50,  269, 471 
233,411 

74,  206,  889 
58, 161,  760 
47,  901, 888 
38,  856, 106 
32,  586, 977 
27,  812, 887 
25,  281,  364 
23,034,016 
19, 016, 343 
18,  394, 101 
73, 056, 195 
50,  724, 489 
38, 080,  356 
53, 525, 637 
39,167,511 
29,  346,  893 
19,321,036 
14,  783,  798 
11,392,939 
10,  526,  932 
27,  017,  687 
12,  780,  912 
8,  344,  417 
4,  777,  706 
7,  492, 912 
1,  365, 087 
4,  076, 613 
3,  581. 969 
(2) 

w 


6,  547, 557 


1,  599,  035, 105 


1,171,833,651 
1, 006, 927, 934 
848, 918, 593 
872,941,170 
1,182,411,350 

1,  630, 447,  207 

2,  258,  945,  768 
2,392,631,092 
2, 093, 908,  574 
1,995,011,009 


Total  tax 


$24, 063 
'288^105" 
"850,'090' 


754,  983 


539, 592 


560,  638 


686,  874 
'73i,"067' 


717,  439 


1,  304, 468 
1,  275,  649 
1,  317,  722 
1,  300,  229 
1,  266,  900 
1,  216,  996 
1,  231, 069 

1,  209,  638 
1,092,165 
1,110,913 
5, 167,  564 

4,  512,  661 
4, 161,  528 
7,217,475 
6, 403,  292 

5,  595,  372 
4,253,179 
3,  682, 038 
3,  220,  232 
3,  259, 497 

10, 083,  917 
5,  734,  183 
4,116,769 

2,  530, 322 
4, 193, 145 

814,  805 
2,  622,  329 
2,  402,  055 

(») 

(») 


4,  586, 957 


102, 035, 920 


51, 134, 158 
40, 398, 845 
28,  596,  559 
23, 914,  230 
22,  .502, 123 
43,  703, 471 
86,  825,  072 
110,659,199 
73,  796,  361 
64,  213, 839 


Indiana 


Number 
of  returns 


4,421 
226 

11,  781 
16,  219 

7,072 
8,458 
6,716 
2,961 

12,  296 
3,779 
4,996 
4,652 
1,263 
3,327 

376 

2,201 

99 

1,540 

10 

2,647 

1,786 

1,183 

849 

681 

471 

388 

341 

290 

265 

791 

410 

223 

237 

137 

17 

41 

16 

16 

12 

31 

12 

7 


82, 436 
69,  623 
61,675 
63,  722 
54,  534 
65, 679 
76, 493 

75,  376 

76,  703 
77, 126 


Net  income 


$3, 033, 003 
107,  357 
14,342,590 
20, 889,  995 
12, 138, 195 

14,  391, 176 

15,  361, 085 

6,  532, 847 
33,  402, 024 
10,  636, 198 
15, 946, 932 
15, 136,  609 

4,  646,  961 

12,  420,  362 

1,  570,  550 
9,  339,  643 

468,  454 

7,  316,  502 

55,  072 
14,  450,  003 
11,557,813 

8,  841,  605 

7,  200, 100 
6,  461,  555 
4,  935,  664 
4,  459,  210 
4,  256,  534 
3, 915, 093 
3,  838,  908 

13,  547,  064 
9, 133,  654 
6, 106,  338 

8,  068,  758 
6, 144, 036 
3,  887,  501 

2,  642, 945 
1,193,843 
1,  371,  333 
1,  137,  047 

3,  870,  705 
2,114,121 
1,  577, 059 


(?) 
(^ 
{') 


3,  574,  781 


332, 021, 225 


245, 979,  617 
198, 442, 985 
161,  600,  241 
168,  607,  693 
204, 130,  790 
280, 940,  214 
366, 846, 042 
365,  336, 866 
349,  434,  464 
358,  624, 820 


For  footnotes,  see  p.  132. 


STATISTICS    OF   INCOME 


115 


Table  9. — Individual  returns,  19S6,  by  Slates  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 

Iowa 

Kansas 

(Thousands  of  dollars) 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  income 

Total  tax 

Under  1  (est )'               - 

6,125 

187 

9,348 

8,589 

4,858 

4,705 

6,120 

2,033 

6,714 

2,324 

2,339 

2,895 

619 

2,104 

133 

1,369 

22 

1,164 

12 

1,567 

1,004 

662, 

475 

332 

249 

185 

173 

118 

102 

350 

157 

119 

91 

46 

23 

9 

11 

1 

1 

7 

2 

1 

$4,  111,  590 
107,  851 

11, 063,  309 

10,  936,  648 
8, 420, 431 
8, 074,  910 

13,  897, 064 

4,  495, 404 
18,  224,  885 

6,  548,  857 
7, 431,  837 
9,  383, 461 
2, 290,  709 
7, 856, 437 

557, 860 
5, 801, 818 

103, 741 

5,  516,  713 

63,  927 
8,  534, 042 
6,477,454 
4,  935,  134 
4,021,512 
3, 147. 127 

2.  599, 955 
2, 122,  383 
2, 156,  855 
1,  594, 304 
1,473,312 
6, 045,  465 
3,486.053 

3,  251, 822 
3, 120. 233 
2, 017,  269 
1,  247.  503 

577. 107 
821, 006 

8 

832, 463 

4,024 

140 

5,121 

2,695 

3,980 

3,957 

4,502 

1.801 

4.880 

1,437 

1,608 

2,130 

714 

2,207 

116 

1,741 

36 

1,240 

12 

1.428 

879 

602 

429 

327 

214 

173 

134 

108 

77 

272 

140 

97 

72 

29 

23 

8 

7 

6 

4 

4 

$2,  633,  762 

89,  595 

6, 222, 240 

3,  613. 801 

6.951,909 

6, 827, 446 

10,227,492 

3,  992, 024 

13, 241. 756 

4.007,005 

5, 125,  223 

6. 910, 194 

2, 629, 425 

8, 258, 217 

485, 544 

7,376,407 

170, 623 

6, 850, 210 

63,  575 

7, 803. 638 

6,  663,  678 

4,491,114 

3,  636, 303 

3, 105, 471 

2. 244, 048 

1,  982,  361 

1, 678,  663 

1,455,695 

1,116,241 

4, 664,  514 

3, 127,  507 

2, 635,  653 

2,453,075 

1,  272,  771 

1, 248, 815 

614.705 

616,  644 

609,  580 

377, 456 

443,026 

Under  1  (est.) - 

$3, 293 

$2,254 

1-1  5  (est  )i                       

1-1.5  (est.)     -- 

63,467 

25,  648 

15  2  (est  )i           

1  5-2  (est.)  

98,  719 

84,  983 

2-2  5  (est)'        

2-2.5  (est.) - 

74,  773 

68,  729 

2  5-3  (est. )i   - 

2.5-3  (est.) 

68, 168 

48,902 

3  3  5  (est )' 

3-3  5  (est.)     - 

71,461 

66,713 

3  5-4  (est.)i                      - 

3  6-4  (est.)   

75, 846 

84,094 

4  4  5  (est )'                

4-4.5  (est.) 

73, 191 

89, 879 

4  5-5  fest  )i   -    

4.5-5  (est.) - 

79,263 

87, 681 

5  6  I                

6-6    

147,  486 
138,  930 
135,536 
136, 103 
121,  716 
115.433 
103,  732 
114. 974 

89. 269 

87. 355 
427. 741 
311,787 
360, 099 
413, 054 
329,  912 
238,  598 
126.  427 
208. 944 

(2) 

« 
309,  257 

(') 

139,004 

6-7                  

125,048 

7-8             

124, 869 

8-9            

126,016 

9-10         

121, 994 

10-11    

98,  993 

97, 147 

12-13  

90. 177 

83, 199 

14-15 - 

67, 312 

331,687 

20-25           

278,436 

284, 973 

30-40       

325,246 

202, 370 

50-60       

233,  367 

109, 871 

70-80 

128,647 

80-90  

146, 498 

90-100         - - 

116.429 

165. 536 

150-200 

250-300           

400-500 

750  1  000                        

1,500-2  000            

3  000-4  000 

770,007 

337,038 

67,  345 

184, 118. 458 

4, 840,  661 

47,  374 

146, 617, 405 

3,  944,  602 

1935    

67, 788 
47,871 
40, 329 
42.624 
29, 850 

39,  917 
45, 023 

40,  789 
45, 349 
49, 476 

148.  525.  910 
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 

2,  790,  513 
2,005,786 
1, 441,  695 
1, 403.  991 
1. 137.  299 
2, 355,  567 

3,  924,  823 
6,216,041 
3, 310, 099 
2,917,845 

39, 492 
35,  600 
30,  738 
29, 643 
27, 495 
32,  660 
37,  557 
32,  929 
35,  575 
32. 732 

111,40'4,165 
91, 867, 863 
71,  777, 244 
73,547.043 
91.616,462 
127,  629, 176 
181.661,364 
162, 394,  758 
157,  394, 402 
163,  673,  206 

2,041,689 

1,499.260 

1933 

1,018,001 

1, 223. 811 

1931 

880, 318 

1, 480.  343 

1929 

2,  547, 829 

2, 928, 097 

1927. 

2,  240, 877 

2,  756, 049 

For  footnotes,  see  p.  132. 


116 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  miniber  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


Kentucky 


Number 
of  re- 
turns 


Net  income 


Total  tax 


Louisiana 


Number 
of  re- 
turns 


Net  income 


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.)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  (est.)i 

4-4.5  (est.) 

4.5-5  (est.)i 

4.5-5  (est.; 

5-6' 

5-6 

6-7 

7-8 


8-9 

e-io_ 

10-11. 

11-12. 

12-13 

13-14 

14-15 

15-20 

20-25 

25-30. 

30-40 

40-50 

50-60 

«0-70 

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 


2,378 

146 

6,493 

3,874 

2,747 

3,435 

3,489 

1,849 

5,034 

1,426 

2,104 

1,952 

536 

2,035 

106 

1,404 

69 

1,126 

17 

1,489 

999 

681 

460 

393 

276 

211 

172 

140 

127 

415 

210 

112 

120 

66 

38 

16 

13 

4 


$1,  609, 064 

85, 693 

6, 566,  667 

5, 019, 278 

4,  749, 654 
5, 924, 467 
7, 933,  460 
4, 098, 027 

13,  702,  535 
3,  997, 138 

6,  706, 189 
6, 352, 227 
1, 981, 865 

7,  613, 487 
446, 493 

6, 977, 906 
321,010 
5, 322,  680 
90,  319 
8, 158, 847 
6, 467, 022 

5,  083, 971 
3, 898. 688 

3,  728, 413 
2, 884, 448 
2,421,891 
2, 152,  646 
1, 885, 945 
1,  832, 902 
7,112,598 

4,  623,  829 
3,  058, 022 
4, 161, 955 
2, 935, 203 
2, 061,  453 
1,  031,  779 

970, 123 

335,  575 

847, 979 

1, 801, 473 


$2,560 
"28,"  778 


74, 298 
"76,"  972 


51, 389 
"59,"  737" 


76, 294 


74,  007 


75,  525 


144,  745 
144, 615 
144,  302 
129, 879 
149, 863 
126, 993 
120, 180 
114,263 
106, 892 
107,  964 
507, 628 
408, 103 
333, 888 
561,  074 
482, 323 
383,  979 
228, 076 
244,  462 
93.  431 
259, 706 
674, 424 


(0 
'(">")" 
'(»")" 


2,042 

11 

6,034 

4,302 

3,087 

2,408 

3,132 

1,214 

4,611 

1,421 

2,500 

1,854 

764 

1,672 

241 

1,433 

35 

1,015 

16 

2,215 

1,334 

779 

475 

338 

252 

181 

147 

159 

101 

343 

181 

76 

159 

66 

46 

31 

14 

7 

4 

10 

7 

7 

1 

2 


$1, 366, 338 

6,085 

6, 044,  559 

5, 508,  219 

5,  325, 695 

4. 137,  671 
7,119,388 

2,  699, 938 
12,  558,  067 

3, 982, 079 
8, 045, 743 
6, 040,  553 
2, 819,  670 

6,  260,  938 
1, 010,  796 
6, 077,  534 

165,  756 
4,816,168 
87,  226 
12,  094, 167 
8,  595,  575 
5,  804,  702 
4,014,115 

3,  201, 795 
2,  636,  815 
2, 082,  372 
1, 833,  596 
2, 142,  789 
1, 471,  305 
5, 889,  496 
3, 981,  878 
2, 069,  039 
5, 470, 402 
2, 945, 386 
2,  535, 177 
1, 985,  572 
1, 036, 048 

592,  740 

373, 965 

1,  111,  579 

1. 138,  219 
1,  574, 319 

(2) 
(') 


« 


Summary  for  prior  years: 

1935.... 

1934. 

1933 

1932.... 

1931 

1930.-.. 

1929 

1928 

1927 

1926 


1,  054, 446 


601,  679 


1, 411, 195 


45, 189 


157,  007, 367 


6,  681, 929 


43, 728 


160, 054,  669 


39, 763 
35,  333 
32,  332 

32,  454 
26, 991 
31,021 

34,  623 

35.  367 

33,  004 
32, 821 


125, 101, 178 
107,  389,  715 
90,  753,  614 
89.  484,  542 
103,  279,  5.56 
135, 098, 479 
191,  640,  708 
193, 766,  254 
172,  582,  213 
169, 100, 987 


3,  742.  279 

2,  726, 762 
2, 024,  772 
1,  554,  630 
1,012,557 
1,  926, 048 

5,  076,  854 

6,  639, 394 
4, 027, 734 

3,  226, 344 


40, 123 

36,  871 
33,  094 
33,  974 
28, 934 
32, 979 
35, 093 
36, 981 

37.  293 
38, 996 


122,  582, 017 
106, 168, 279 
86,  809,  253 
92, 164, 323 
107, 673,  824 
138,  836, 043 
170.  713, 998 
184, 035. 325 
175,  254, 161 
185,  478, 850 


For  footnotes,  see  p.  132. 


STATISTICS   OF   INCOME 


117 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 

Maine 

Maryland 

Number 
of  re- 
turns 

Net  income 

Total  tax 

Number 
of  re- 
turns 

Net  income 

Total  tax 

Under  1  (est.)' 

1,356 

170 

3,513 

2,900 

1,450 

1,714 

1,646 

842 

2,318 

886 

1,036 

1,147 

320 

993 

71 

673 

29 

551 

4 

830 

556 

404 

295 

227 

153 

127 

105 

68 

66 

235 

136 

55 

61 

45 

20 

18 

9 

5 

3 

13 

2 

2 

$929, 256 

84,  458 

4,156,367 

3,  684,  077 

2,  529,  521 

2,  931,  954 

3,  746,  872 

1,  879, 052 
6,  298,  625 

2,  479,  604 

3,  317,  650 
3,721,410 
1,174,049 
3,711,920 

299,  646 

2,  865, 944 
137, 102 

2,605,127 
20,968 

4,  534. 690 

3,  597,  561 
3. 003,  484 
2,  488, 590 
2, 146, 109 
1,  604,  421 
1,459,508 
1,313,251 

915,111 

957,411 

4, 066,  782 

3,019,879 

1,503,427 

2,091,909 

2,006,621 

1, 105,  434 

1, 159,  273 

689, 692 

425,  708 

288, 830 

1,  552,  660 

W 

m 

4,529 

418 

11,  593 

10, 183 

5,326 

9,365 

5,721 

4,387 

11.213 

3,833 

4,987 

4,387 

2,023 

5,228 

416 

3,549 

100 

3,189 

28 

4,347 

2,577 

1,607 

1,127 

802 

630 

525 

424 

331 

283 

929 

490 

276 

327 

171 

110 

70 

40 

27 

19 

58 

15 

4 

$2,994,449 

205,  912 

13,  812,  020 

13,  209,  526 
9,  252, 194 

16,  205,  593 
13, 029,  596 
9,  735,  288 
30, 480,  903 
10,  658,  490 

15,  929, 825 

14,  341,  343 
7,458,086 

19,  579,  834 

1,  728, 030 
15, 048, 463 

472, 980 
15,113,029 

150,  560 
23,  807,  348 

16,  624.  200 
11,967,614 

9,  542,  660 
7,  588,  248 

6,  601,  785 
6, 031, 691 

5,  291,  626 
4,  455,  246 
4, 096, 986 

15,  928,  934 
10,  925, 130 

7,  515, 968 
11,304,991 

7,  601, 586 
5,991,486 
4,  524,  753 
2,977,015 
2,271,102 
1,791,908 

6,  823,  542 

2,  561, 472 
892, 761 

Under  1  (est.) 

$2,  845 

$6, 408 

1-1  5  (est.)i          

1-1.5  (est.)           

19,039 

74, 419 

1.5-2  (est. )i         

1.5-2  (est.) 

36,  583 

197, 988 

2-2.5  (est.)i 

2-2.5  (est.)  

32,  781 

166, 550 

2  5-3  (est )' 

2..'i-3  (est.) 

27,893 

139, 190 

3-3  5  (est.)i 

3-3.5  (est.) 

33,188 

132, 589 

3  5-4  (est  )' 

3.5-4  (est.) 

42,249 

208, 577 

4-4  5  (est.)' 

4-4.5  (est.) 

36,007 

183, 935 

4.5-5  (est.)'                            

4.5-5  (est.) 

43, 910 

211,787 

5-fii            .       .                  

5-6 

86,  346 

83,  557 

86,  538 

89,082 

85,  211 

74, 891 

73,  297 

71,  949 

52,  678 

62,  420 

292,  805 

270,  557 

168,  717 

285, 081 

330,  790 

216,427 

257,  354 

176, 153 

125,  325 

92,  694 

580, 047 

(») 

419,  362 

■6-7 

376,  098 

7-8 

335,  702 

8-9 

330,  617 

9-10 - 

299,  429 

10-11 

299,  347 

11-12 

303, 596 

12-13 

283,  663 

13-14 

255,  777 

14-15. 

252, 887 

15-20 

1. 125,  843 

20-25 

999. 380 

25-30 

830, 601 

30-40 

1,  522,  803 

40-50      

1,242,079 

50-60  

1. 144,  800 

60-70 

1,001,132 

70-80 

747, 916 

80-90 

640,  248 

flO-100 

558,  442 

100-150 

2,515,119 

150-200 

1, 157, 653 

200-250 

442, 193 

250  300 

300-400 

1 

W 

(») 

2 
4 
1 

1,  748, 054 

(») 

400-500 

1,037,522 

500-750 

2 

(«) 

(>) 

(') 

750-1  000 

1,000-1,500 

2 

« 

« 

1,500-2  000 

2,000-3,000 

4,000-5,000 

Classes  grouped ' 

2, 355, 268 

i,  344, 869 

3, 316, 346 

2, 160,  767 

Total 

25,057 

88,  859,  221 

5, 181,  283 

105,  673 

391,  588,  573 

21,  594,  419 

Summary  for  prior  years:' 
1935 

21, 826 
20,  584 
19. 435 
20, 867 
16,218 
17,  829 
19, 173 
18,611 
18,710 
19,  709 

69, 455, 451 
63,  204,  584 
55, 819, 385 
62,981,334 
74,771,180 
90,  690, 507 
115,875,339 
111,558,275 
103, 080, 848 
107, 979, 178 

2, 567, 514 

2,  207, 930 
1,865.414 
1,597,284 
1,  527,  436 
1, 827,  849 

3,  561,  754 

4,  262, 498 
3,  300,  741 
3,  419, 490 

92, 550 

84,  395 
76, 409 
83,  223 
60,898 
68, 426 
68, 654 
65, 258 
65, 099 
67, 160 

316, 888,  322 
282,  624, 171 
244,613,015 
265,  618, 871 
277, 129, 170 
354, 627,  248 
425, 185, 985 
409,  371, 465 
390,671,215 
375,  758, 859 

12,013,217 

1934 

11,040,490 

1933 

8,488,451 

1932.... 

7, 978, 435 

1931 

5,  528,  213 

1930 

9,796,084 

1929 

15, 641, 824 

1928 

16, 126,  803 

1927. 

13,859,686 

1926.... 

11,  517, 168 

For  footnotes,  see  p.  132. 


118 


STATISTICS   OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 

Massachusetts 

Michigan 

Number 

of 
returns 

Net  income 

Total  tax 

Number 

of 
returns 

Net  income 

Total  tax 

Under  1  (est.)  '          

16,  027 

1,925 

47,  843 

27, 129 

19, 124 

24,  568 

18,418 

14,011 

22,  649 

10  835 

8,854 

11, 147 

3,007 

9,194 

635 

7, 919 

203 

6,161 

29 

7,699 

5,134 

3,640 

2,  637 

2,035 

1.737 

1,  364 
1,105 

928 
834 

2,  517 
1,489 

919 

1,006 

569 

307 

217 

136 

84 

65 

131 

38 

26 

13 

7 

1 

4 

$11,161,201 
913,  882 
56,  223, 987 
35. 380  602 
33,  094,  968 
42,  440  419 

41,  687,  712 
31,  099, 926 
61,  371,  430 
30, 029,  219 
28,  278,  614 
36,  205,  076 
11,070  667 
34,419,812 

2,  664,  520 

33,  588, 106 
938,  047 

29, 184,  913 
153,  964 

42,  064,  632 
33, 197,  773 
27, 188, 140 
22, 354,  527 
19,  307,  617 
18,  202, 181 
15,648,811 
13,  785,  799 

12,  513, 329 
12,078,153 

43,  599, 197 
33, 157.  704 
25,  088, 990 

34,  716,  762 
25,  3.39.  012 
16,  693,  798 

13,  956,  0,53 
10  172, 995 

7,091,124 
6, 104,  266 
15,  634,  937 
6,  629, 896 
5, 800  761 

3,  ,540, 900 
2,  290, 140 

m 

8,161 

432 

30,  593 

16,  521 

17,  400 
29,  856 
13,  ,546 
12, 940 
26,  586 

6,940 

10  8.53 

9,  050 

3.132 

10,  582 

802 

8,612 

174 

6,384 

40 

6,235 

4,252 

2.894 

1,981 

1,614 

1,248 

978 

823 

661 

588 

1,869 

1, 057 

588 

720 

383 

225 

182 

97 

76 

58 

117 

51 

22 

11 

12 

4 

5 

4 

1 

$5,  616,  509 

259,  408 

36,  768,  636 

22,  590,  658 
29, 992, 405 
51,  338,  303 
30.  752,  375 

28,  630.  534 
72,191,436 
19, 125,  634 
34,  697, 833 

29,  519,  754 

11,  534,  354 
39.  683.  733 

3,  363, 963 
36.  494,  009 

821,  233 
30  342,  763 

215.  019 
34,  054,  263 
27,  480,  530 
21,  620  940 
16,  797,  280 

15,  298,  925 
13, 092, 461 
11,245,825 
10  252,223 

8,  921,  825 
8,  529,  319 
32, 176.  498 

23,  543, 410 

16,  012,  521 

24,  761, 865 
17, 119, 128 

12,  223,  608 
11,717,060 

7,  221,  502 
6, 449,  976 
5,  508, 164 
14,211,458 
8, 800  945 
4, 948, 444 
2, 998, 370 
4,141,965 
1, 818,  2.33 
2, 889,  216 
3,  578,  726 

Under  1  (est.)           

$28,  581 

$8, 915 

1-1.5  (est.)  1      

1-1.5  (est.)     

217,  596 

164. 114 

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

1.5-2  (est.) 

549,  415 

641, 046 

2-2  5  (est.)  1  .           

2-2.5  (est.)        

548,  753 

486, 988 

2  5-3  (est )  1 

2.5-3  (est.) - 

446,  476 

297,  310 

3  3  5  (est.)  '             

3-3.5  (est.)            

432,  764 

314, 187 

3  5-4  (est ) ' 

3.5-4  (est.) 

4-4  5  (est.)  1                         .  - 

427, 120 

418, 798 

4-4.5  (est.) 

489, 119 

431,  666 

4  5  5  (c^t  )  1 

4.5-5  (est.)     

468, 114 

420. 627 

6-6  > 

5-6 

814,431 

798,  805 
803,  719 

799,  271 
796,  451 
834,  059 
796,  428 
758, 004 
733,  009 
750.  958 

3, 190, 166 

3,  028, 991 

2,  796, 172 

4,  807, 100 
4, 167,  676 

3,  197, 876 
3,  082,  215 

2,  572,  955 
1,991.258 
1.  888.  357 

5,  850,  089 

3,  017, 188 
2, 880,  373 
1,869,917 
1,  267,  786 

(2) 
(2) 

579,  240 

6-7 - 

587, 191 

7-8 

566, 408 

8-9                   

541, 140 

9-10       -- 

585, 168 

10-11 

568,  545 

11-12 - 

540,  528 

1^-13                  

539,  384 

13-14     

498, 145 

14-15   

513,618 

15-20 

2.256,109 

20-25                      - 

2,  086, 463 

25-30     

1,741,973: 

30-40     

3,  303,  851 

40-50 -.. 

2,  805, 465. 

60-60                      

2.  324, 429 

60-70               

2,  574,  267 

70-80     

1,  803,  467 

80-90     •. 

1, 828,  837 

90-100                  

1,  720  844 

100-150           -. 

5,  340  852 

150-200      

3.  965, 942 

200-2.50 - 

2,  456,  469 

250-300                  

1,  578, 961 

300-400       

2,  328,  770' 

400-500     

1,  085, 958 

500-750   

1, 809, 946 

750-1,000              

2,  266, 987 

1  000-1  500 

(*) 

1,500-2,000 

2,000-3,000                

1 
2 

(') 

3,000-4,000     - 

w 

4,000-5  000 

2,839,246 

1, 775,  000 

11,  224, 487 

8, 320, 039- 

Total..- 

284, 320 

988, 903,  808 

58,  876, 192 

239, 363 

862,  577,  726 

60,  302,  647 

Summary  for  prior  years: ' 
1935- 

257, 495 
242,  728 
231, 960 
249,  766 
193,  504 
202,  253 
213,316 
215,559 
214, 356 
224,  042 

825,  327,  457 

737,  044,  841 

682, 666,  696 

735,  390,  899 

800,  923, 153 

1, 010, 333,  740 

1,371.651,741 

1,357,076,374 

1,189,273.214 

1, 147,  576, 498 

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 

173,  799 
139,  329 
112,  053 
127,515 
119,623 
147,  364 
177,918 
179,  886 
175, 806 
176, 804 

568,  269,  799 
418,  569,  373 
293. 131,  080 
349,  800, 109 
481.017,650 
66S,  391,  038 
1, 029,  756,  680 
1, 066,  529, 992 
9,50,  085, 831 
905,  814,  790 

28,  319,  046 

1934     

14, 866, 008 

1933   

6,  660,  804 

1932 

8,  380,  316 

11,028,018 

19.30  - 

17, 479, 145 

40,  599, 864 

1928     

50,  601, 040 

35,  599,  799 

1926 

32, 408,  357 

For  footnotes,  see  p.  132. 


STATISTICS    OF   INCOME 


119 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


Minnesota 


Numbei 

of      '    Net  income 
returns  \ 


Total  tax 


Mississippi 


Number 

of 
returns 


Net  income 


Total  tax 


Under!  (est.)'--. 

Under  1  (est.) 

1-1.5  (est.)  1 

1-1.5  (est.) 

1.5-2  (est.)  ' 

1.5-2  (est.) 

2-2.5  (est.)  1 

2-2.5  (est ) 

2.5-3  (est.)  1 

2.5-3  (est.) 

3-3.5  (est.)! 

3-3.5  (est.) 

3.5-4  (est.)  1 

3.5-4  (est.) -. 

4-4.5  (est.)  ' 

4-4.5  (est.) 

4.5-5  (est.)  1 

4.5-5  (est.) 

5-61 

5-6 

6-7 

7-8 

8-9-. 

9-10-. 

10-11 

11-12 — . 

12-13 

13-14 

14-15- 

15-20 

20-25 

25-30 

30-40 

40-50- 

50-60.- 

60-70 

70-80 

80-90- 

90-100 

100-150 

150-200- 

200-250 

2.50-300- 

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. 


3,649 

368 

9,537 

13,080 

5,209 

6,370 

6,854 

2,640 

9,240 

3,022 

3,668 

3,498 

1,118 

2,849 

223 

2,183 

54 

1,550 

7 

2,646 

1,797 

1,276 

910 

668 

560 

404 

351 

247 

234 

767 

421 

244 

290 

131 

69 

46 

28 

21 

17 

34 

10 

2 


$2,  546,  963 

189,  857 

11,241,186 

16,  694, 876 

9, 125,  971 
10, 888,  852 
15,  600,  297 

5, 815,  390 
25,  128,  640 

8,  556,  786 
11,767,356 
11,363,861 

4,117,657 

10,  699, 318 

938, 177 

9,  248,  870 
253, 131 

7,346,511 
37,  726 
14,  481,  777 
11,642,101 
9,  513,  034 
7,  698, 123 
6,  335,  027 
5,871,431 
4,  640,  9G6 
4,384,120 
3,  337, 038 

3,  387,  123 
13, 195,  881 

9,  397, 067 
6,  661,  731 
9,  984,  271 
5, 854, 153 
3,788,316 
2,  950,  203 
2,  091, 819 
1,  779,  279 
1,  598,  567 

4,  064,  488 
1,  668,  643 

(2) 


$6, 681 
"'i2,"390' 
'i3i,"366' 


9,159 


73, 174 


84, 148 
"99,"677' 


102, 992 


105,  699 


251,  383 

252,  361 
249,  912 
254, 968 
243,  373 
255,  024 
220,  979 
232, 830 
185, 126 
204,  489 
936,  520 
834,  668 
752,  678 

1,  333. 909 
955, 400 
726,  590 
643.  260 
529,  290 
499,  948 
497,  759 

1,  515,  051 
740,  628 


1,270 

56 

1,768 

1,125 

1,433 

992 

1,649 

498 

1,715 

412 

623 

603 

237 

691 

65 

496 

13 

446 

5 

563 

433 

237 

159 

114 

93 

73 

68 

58 

63 

146 

80 

35 

41 

16 

14 

2 

1 

2 


$831, 529 
32,  010 
2, 177,  593 
1, 468,  253 
2, 494,  241 
1,  720,  298 

3,  738, 839 
1, 100,  429 

4,  635,  680 
1, 153,  439 
1,  996,  782 

1,  963,  506 
875, 832 

2,  580, 499 
274,  326 

2, 107,  249 

61,  233 

2,112,674 

26,  667 

3, 066, 137 

2, 800,  462 

1,771,981 

1, 350, 392 

1, 084,  615 

977,  024 

836,  650 

850, 885 

778, 800 

913, 119 

2,  507, 201 

1,  796,  633 

943,  765 

1,  390,  913 

708,  590 

755, 018 

(') 

(') 

(2) 


« 


(2) 


(2) 


$965 
'9,"453 


21,  923 
19,' 713 


14, 433 
"  16,"  108 
'25,'4io 


24, 893 


29, 735 


54, 959 
61,  235 
46,  223 
44,  659 
42,111 
41,  580 
38,  520 
43,817 
43, 169 
54,  675 
174,  474 
160,  274 
102,009 
183,  855 
115,557 
140, 433 
(2) 

m 


(») 


Summary  for  prior  years: ' 

1935.. 

1934 

1933 

1932 

1931. 

1930 

1929 - 

1928 

1927 

1926.. 


576, 106 


633, 713 


86,294 


296.  978.  853 


13,  676, 938 


54,  516. 977 


72,  258 
67, 297 

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

60,  701 
60,  752 
61, 439 
64,227 


222, 817,  905 
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 


6, 672,  968 

6,  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 


13,  570 
12,  507 
10,  868 
10,  548 
9,888 
12, 147 

15,  689 

16,  140 
16,  964 
17, 196 


36,  878,  747 
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 


229, 938 


1,  740, 121 


870, 027 
479,  717 
271,  063 
133,  566 
87,  221 
251,  781 
600,  076 
763,  702 
816,  429 
643, 744 


For  footnotes,  see  p.  132. 


120 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Missouri 

Montana 

Net  income  classes 
(Thousands  of  dollars) 

Number 
of  re- 
turns 

Net  income 

Total  tax 

Number 
of  re- 
turns 

Net  income 

Total  tai 

Under  1  (est.)  '     - 

5,644 

445 

17,  465 

13,  626 

9,885 

9,455 

10, 968 

4,478 

14,041 

4,230 

4,970 

5,314 

1.349 

4,797 

248 

3,720 

83 

2,763 

20 

4,000 

2,649 

1,833 

1,344 

966 

787 

674 

487 

436 

354 

1,329 

672 

422 

459 

212 

128 

77 

50 

29 

20 

60 

19 

2 

2 

7 

1 

1 

$3, 885,  649 
232,  912 
20,  615,  599 
17,  533,  558 
17, 191,  482 

16,  250.  376 
24,  904,  832 

9,  855. 192 
37,  92.5. 422 
11,878,002 
15, 880, 194 

17,  297, 031 

4,  965, 328 
17, 971,  045 

1, 033,  776 
15,  766, 924 

392, 130 
13, 099,  876 

107, 995 
21,882.277 
17,  142.  745 
13,  698, 382 
11,400,785 
9.  165, 360 

8,  243,  399 
7,  740, 189 
6, 090,  208 

5,  882,  893 
5, 127.  664 

22,  943, 976 
14, 937,  038 
11.  573,  645 
15,  799,  628 

9,  390.  988 

6,  986,  564 
4,966,154 
3,712,429 
2, 454, 975 

1,  907,  569 
7, 149, 058 
3,  305,  401 

(n 
C-) 

2,  387,  783 
(2) 

(2) 

319 
91 

2,639 

2,043 

1,485 

3,553 

999 

1,650 

3,293 

993 

1,129 

879 

320 

991 

47 

865 

18 

721 

3 

692 

340 

219 

154 

101 

84 

70 

53 

43 

28 

82 

50 

26 

17 

6 

5 

4 

1 

$192,364 
53,910 
3, 118,  057 
2,  797,  773 
2,  533, 152 
6, 124,  522 

2,  268, 031 

3,  632,  670 
8, 924, 169 

2,  735,  064 

3,  598, 923 
2, 849,  232 
1. 170,  284 
3,669.231 

198.817 

3,  676,  223 

84,  400 

3, 409, 940 

15,  827 

3,  239, 772 

2, 192.  540 

1,  632,  138 

1,  308.  499 

959,  686 

882,  234 

803,  167 

666.  204 

578. 482 

408.  320 

1, 420, 322 

1, 120,  729 

711.001 

581, 718 

262,  470 

269,  655 

265,  396 

(2) 

Under  1  (est.)    - 

$7, 134 

$1, 941 

115  (est )  ' 

1-1  5  (est.)     

94, 933 

20,231 

15  9  (est )  '                     -      - 

1  5-2  (est.)     -- 

199, 142 

77,06T 

2  2  5  (est )  '                         

2-2  5  (est.)     ..- 

165. 969 
"""112,' 662' 

62,079 

2  5  3  (est  1'               

2  5-3  (est.) 

44, 124 

3  3  5  (est )  '                

3-3  5  (est.) -- 

137, 318 

29,097 

3  5-4  (est )  •                 --- 

3  5-4  (est )          

177,084 
"'"'190,' 463' 

36, 578 

4-4  5  (est ) ' 

4-4  5  (est.)        

42,836 

4  5-5  (est ) ' 

4  5-5  (est.)     

188, 127 

46,953 

5-6  ' 

6-6 

395,  971 

375,  390 

387,  301 

390,  020 

358, 354 

364,  928 

375,  505 

324,  397 

339, 180 

309, 992 

1,  638,  741 

1, 337,  764 

1,  288, 005 

2, 131,  263 

1,525,309 

1,  334,  961 

1,  085,  967 
921,034 
687,  973 
596. 190 

2.  660,  714 
1,  501, 093 

(2) 

(2) 

1, 336,  779 

(2) 
(2) 

55.  218 

6-7       

46, 101 

7-8     

43, 364 

8-9     

44. 021 

9-10 -- 

36,  213 

10-11 

38.422 

11-12                          

37,  596 

12-13        -- 

34,  715 

13-14        - 

32, 152 

14-15        

24,  517 

15-20       

97,  625 

20-25    - 

99,  75S 

25-30 - 

78, 325 

30-40.... 

76. 93S 

40-50                  

41,714 

50-60        

51, 172 

60-70        ._ 

60, 171 

70-80      

(2) 

80-90 

90-100  

1 
2 

(2) 

W 

100-150 

W 

150-200 

200-250 

250-300 

300-400 

400-500 

500-750 

750  1  000 

1  000-1  500 

1  500-2  000 

2  000-3  000 

3  000-4  000 

4  000  5  000 

5  000  and  over 

Classes  grouped  ' 

2, 199,  509 

1,  270,  875 

432, 974 

151, 902 

Total           .           

130,  521 

462,  884. 942 

24,  210,  538 

23, 916 

68,  787,  896 

1,  410,  820 

Summary  for  prior  years: ' 
1935 

110.370 
98, 125 
93,  308 
95,  808 
80. 356 
85,  507 

98,  367 
99,295 
96, 407 

99,  509 

358, 068, 146 
306,  041,  392 
271,  748,  278 
290,  701,  858 
331,482,726 
419,648.187 
558. 127,  649 
563,951,553 
601,  495.  130 
512.801.163 

12,  426,  233 
9,  353,  651 
6.  848, 926 
6,  874,  748 
4,  747,  522 
8,  750,  374 

16,416,897 
18,910,977 

13,  738,  256 
13,  496,  872 

19.924 

16,  825 
11,511 
10.  087 

9,722 
11,635 

17,  067 
17,112 

18,  651 
16, 191 

56,  719,  731 
46,  594. 430 
29,  877,  422 
28,  221,  605 
34.  667.  097 
4,5,  495.  235 
71,  397,  232 
72, 908. 121 
69,  654,  023 
59,  289, 994 

981, 165 

1934                                 

636, 102 

403, 887 

1932 

496,  685 

1931 — 

209, 809 

1930 

461,295 

1,  019,  300 

1928 

1,  298. 024 

867, 944 

1926 

561,  833 

For  footnotes,  see  p.  132. 


STATISTICS   OF   INCOME 


121 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


Nebraska 


Number 
of  re- 
turns 


Net  income 


Total  tax 


Nevada 


Number 
of  re- 
turns 


Net  income 


Total  tax 


Under  1  (est.)  K 
Under  1  (est.)-- 
1-1.5  (est.) 
1-1.5  (est.). 
1.5-2  (est.) 
1.5-2  (est.). 
2-2.5  (est.) 
2-2.5  (est.). 
2.5-3  (est.) 
2.5-3  (est.). 
3-3.5  (est.) 
3-3.5  (est.). 
3.5-4  (est.) 
3.5-4  (est). 
4-4.5  (est.) 
4-4.5  (est.). 
4.5-5  (est.) 
4.5-5  (est.). 

5-6' 

5-6 

&-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 

300^00...- - 

400-500...- -. 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000 -. 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000  and  over 

Classes  grouped ». 


1,920 

112 

4,471 

3,769 

2,330 

2,419 

2,949 

1,215 

5,211 

1,155 

1,770 

1,627 

537 

1,373 

188 

963 

22 

779 

11 

1,127 

698 

502 

328 

237 

175 

158 

107 

117 

78 

213 

125 

59 

71 

31 

18 

12 

3 


$1,  263,  802 
58, 166 

5,  326,  294 

4,  918,  795 
4, 048,  610 
4,106,013 

6,  737,  241 
2,679,031 

14, 142, 074 
3,  229,  742 
5.643,714 

5,  288,  147 

1,  972, 490 
5, 130, 174 

787,  760 
4, 092,  957 

105, 897 

3, 693,  637 

57,  782 

6,  153, 406 
4,511,612 
3,  748,  673 

2.  779, 479 
2,  248,  491 
1,  834,  680 
1,811,864 
1,  336, 787 

1,  573, 934 
1, 130,  545 
3, 636,  574 

2,  751, 834 
1,612,876 
2,  413, 847 
1,  388, 990 

999,  605 
764,239 
229, 087 


$2, 025 
'27,"6i6" 
"50,"  214' 


44,323 


30,  769 


42,  525 


47, 140 
'47.'8i6' 


49,642 


242 
3 
608 
993 
412 
867 
476 
278 
791 
348 
359 
403 
106 
328 
19 
251 
5 
207 


$165, 074 

2,730 

727, 726 

1,  286,  715 

720,  696 

1,  488, 963 

1, 089,  219 

615, 485 

2, 153,  334 

979,  757 

1, 141,  997 

1, 314, 073 

388, 146 

1,225,511 

80,  571 

1, 068, 952 

24,  953 

976, 851 


102,  647 

95,503 

102, 869 

94,428 

87,  793 

79,247 

86, 877 

69, 314 

89,  586 

68,  859 

250, 860 

242,  586 

174,  374 

319,  557 

228,  107 

194, 485 

164, 716 

58,238 


(2) 
366,  557 

(2) 


(») 
136,  960 

m 
(») 


271 

149 

107 

51 

39 

39 

27 

19 

11 

17 

36 

24 

20 

12 

10 

4 

2 

4 

4 

3 

6 

1 


1,  482,  247 
965, 607 
791,875 
432,  237 
370, 836 
407, 024 
311,092 
239, 001 
146,  296 
243,  639 
618,  756 
543,  610 
556,  863 
418,  577 
472,  163 
204,  774 
W 

297,282 
348,  291 
288, 120 
708,  740 
(») 


6,813 
'i7,"622 


9,029 


8,193 


11, 377 
'i4,"723 


15,590 


15, 633 


31, 645 
27,  566 
27, 055 
18,  263 
16,  521 
21,  680 
18.  209 
14,  733 
8,332 
16,332 
47, 456 
52,  747 
64,420 
57,  321 
82,  719 
37,378 

(2) 
72, 817 
99,  969 
90,889 

264, 206 


(-) 


(») 


Total. 


Summary  for  prior  years: 

1935 

1934 

1933 

1932 

1931.... 

1930 

1929 

1928.... - 

1927 

1926 


(2) 


562,  315 


233,  391 


1,  747,  389 


36, 887 


115,1.37,721 


3,  222,  455 


7,554 


27,  045, 172 


31,  253 

26,  781 

24,  939 

25,  503 
23,940 

27,  271 
30,  962 
31,426 
32, 170 
33,  532 


93,113,326 
77,  236,  225 
65, 022,  543 
66,  007,  a36 
86,  120, 131 
113,  934,  843 
140,  322,  452 
139,471,054 
130, 131,  079 
134,  153, 838 


1,  795,  640 
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 


6,441 
5,321 
3,692 
4,102 
3,431 
4,006 
5,174 
4,477 
4,702 
4,797 


20,  681, 384 
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 


(») 


1, 057,  500 


2.  226,  219 


1,363,651 
528, 009 
380,  80O 
362,  378 
349, 026 
472,  636 
356, 444 
477,  673 
228,  799 
195, 497 


For  footnotes,  see  p.  132. 


122 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax',  also  totals  for  prior  years — 
Continued 


Net  income  cltksses 
(Thousands  of  dollars) 


Under  1  (est.) »... 

Under  1  (est.) 

1-1.5  (est.)  1 

1-1.5  (est.) 

1.5-2  (est.)  « 

1.5-2  (est.) 

2-2.5  (est.)  1 

2-2.5  (est.) 

2.5-3  (est.)  1 

2.5-3  (est.) 

3-3.5  (est.)  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 

4.5-5  (est.) 

6-6' 

5-6 

6-7 - 

7-S. 

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. 


Summary  for  prior  years: '. 

1935 .— 

1934.. 

1933.... 

1932 

1931. 

1930 

1929.... 

1928 

1927 

1926 .- 


New  HampsMre 


Number 
of  re- 
turns 


1,204 

93 

3,009 

2,937 

1,028 

1,417 

1,218 

644 

1,835 

711 

685 

809 

226 

666 

42 

511 

10 

415 

1 

532 

384 

236 

164 

1.38 

107 

85 

60 

49 

53 

149 

89 

40 

45 

23 

12 

6 

7 

3 

3 

12 

5 

1 


19, 664 


17.  687 
16,  785 
15,  458 
15,  738 
12,  477 
13, 927 
14,341 
14, 132 
14,484 
15,276 


Net  income 


$801, 342 

39, 435 

3,  515,  262 

3,  764,  732 

1,  777, 044 

2,  451, 901 
2,  756, 099 
1,414,037 
4, 973,  229 
1, 992,  687 
2, 191,  696 
2,  624,  789 

833,  702 
2, 482,  493 

177. 135 
2, 167,  644 

46,  111 
1, 969, 406 

2, 908, 006 
2,  481,  500 
1,765.492 
1,  387,  208 

1,  304, 988 
1,117,970 

975. 136 
749, 136 
663,  655 
768, 961 

2,  563, 127 
1, 972, 999 
1, 088, 000 
1,  508,  762 
1,  039, 882 

647, 165 
398,  738 
521,098 
252,  215 

1, 376, 714 
828, 473 
(2) 


521, 729 


62, 819,  698 


61,  553, 939 

48,  267,  423 
41,  555,  501 
43, 854,  575 

49,  243, 306 
60, 014,  739 
74, 306,  913 
72,  610,  266 
70,  560,  949 
66,  743, 817 


Total  tax 


$1, 349 
'  19,"  788" 


31,  626 
"24,270' 


20,  448 
"20,"  252' 


24,467 
"28,"  194' 


29,  213 


56, 178 
57,  952 
53,  289 
50.127 
56, 182 
52,  263 
51,484 
42,  719 
40,  493 
48,  592 
181,  572 
177,  524 
120,  879 
202, 134 
176, 003 
122,  338 
90,  077 
129,  935 
72, 857 

(n 

499, 893 
370, 995 
(2) 


206, 176 


3,  059,  299 


1,435,182 

1,348,492 

833,  674 

746,  847 

563,  289 

952, 064 

1, 734, 828 

1, 991,  854 

1, 824, 931 

1,  201, 298 


New  Jersey 


Number 
of  re- 
turns 


8,023 
1,637 
38, 823 
25,  703 
16,  273 
17, 936 
15, 903 

8,  597 
28, 871 

9,  795 
12, 478 
12, 774 

3,788 

11,  552 

878 

8,352 

244 

5,800 

37 

7,997 

5,434 

3,753 

2,612 

1,940 

1,680 

1,174 

966 

807 

672 

2,154 

1,176 

6.52 

799 

401 

240 

128 

98 

62 

44 

96 

30 

15 

9 

7 

5 

7 

1 

3 


260, 328 


223,  489 
210,  683 
202, 190 
217,812 
178,  7,54 
187, 943 

195,  772 

196,  681 
195, 467 
176, 320 


Net  income 


$5,  842,  714 
887,  319 
45,  882, 344 
33,  063,  575 
28, 101, 692 
30,  709,  234 
36,  044,  762 
19, 124,  846 
78. 381,  912 

27,  513, 126 
39, 848, 969 
41,  593.  589 
13,  881, 848 
43,  236, 287 

3,  660, 932 
35,  382, 071 

1, 139,  331 

27, 434,  654 

197,  310 

43,  652, 395 

35, 162,  753 

28,  014, 033 
22, 129,  252 
18,401,128 

16.  560, 132 
13,  482, 436 
12, 046,  462 
10, 887,  210 

9,735,211 
37,112,508 

26,  270, 945 
17, 803,  615 

27,  548,  272 

17,  808, 933 
13,  086,  602 

8,251,003 
7,  348,  757 
5,  291, 053 
4,124,641 
11,487,334 
5, 198,  773 
3,  387,  060 
2,  422, 232 
2,  487,  665 
2,  235,  546 
4, 188,  220 

(') 
3, 735, 792 


{') 


6, 366, 922 


928, 153, 400 


737, 

686, 

618, 

689, 

785, 

956, 

1,212, 

1,241, 

1, 117, 

1,  032, 


154, 952 
065.  373 
361, 894 
687,  207 
764, 184 
732.  849 
423,  226 
411,  359 
398, 064 
297, 571 


For  footnotes,  see  p.  132. 


STATISTICS   OF   INCOME 


123 


Table  9. — Individual  returns,  19S6,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands, of  dollars) 


New  Mexico 


Number 
of  re- 
turns 


Net  income 


Total  tax 


New  York 


Number 
of  re- 
turns 


Net  income 


Total  tax 


Under  1  (est.)  '. 
Under  1  (est.).. 
1-1.5  (est.) 
1-1.5  (est.). 
1.5-2  (est.) 
1.5-2  (est.). 
2-2.0  (est.) 
2-2.5  (est.). 
2.5-3  (est.) 
2.5-3  (est.). 
3-3.5  (est.) 
3-3.5  fest.). 
3.5-4  (est.) 
3.5-4  (est.). 
4-4.5  (est.) 
4-4.5  (est.). 
4.5-5  (est.) 
4.5-5  (est.). 

5-61 

5-6.- 

6-7 

7-8 

8-9... 

9-10 

10-11... 

11-12. 

12-13 

13-14. 

14-15 

15-20 

20-25 

25-30.. 

30-40.. 

40-50... 

50-60 

60-70.. 

70-80 

80-90.... 

90-100 

100-150. 

1.50-200 

200-250... 

250-300. 

300-400.. 

400-500 

500-750. 

750-1,000.... 

1,000-1,500... 

1,500-2,000 

2,000-3,000... 

3,000-4,000... 

4,000-5,000 

5,000  and  over 

Classes  grouped '. 

Total 


Summary  for  prior  years: 

1935 

1934 

1933. 

1932 

1931... 

1930 

1929. 

1928 

1927. .- 

1926. 


604 


822 

704 

1,066 

854 

553 

1,198 

475 

539 

643 

181 

5S3 

35 

430 

15 

328 

3 

430 

280 

158 

98 

57 

51 

34 

26 

28 

19 

39 

27 

9 

20 

4 

2 

1 


$393, 
4, 
1,094 
1, 089, 
1,  226^ 
1,  843, 
1,937 
1,221 
3,  266, 
1,  326, 
1,  722, 
2,091 

662, 
2, 174; 

U6 
1, 826, 

7o: 

1,  556^ 

15 

2, 336: 

1, 807: 

1, 177 

831 

540 

535 

391 

325: 

376, 

274 

675, 

601 

251 

716 

188 

(') 

(2) 


$129 
"6,"434' 
"2i,"288 


17, 486 


14, 357 
'  19,183' 


28, 007 


26,232 


25, 355 


48, 858 
47, 092 
39,  550 
33, 387 
26, 172 
28,  295 
21, 989 
19, 895 
24, 655 
18,446 
52, 987 
56,  574 
30, 826 
100,  732 
32, 613 
C-) 


(') 


(.') 


51,349 

4,401 

132, 535 

111,  628 

63. 370 

69, 137 

69, 940 

31, 639 

104,628 

31,  515 

44,313 

38, 340 

12,  616 

32, 456 

3,138 

23,  664 

629 

19,254 

114 

28,468 

19, 498 

13,707 

10, 067 

7,787 

6,107 

5,011 

4,054 

3,451 

2,978 

9,987 

5,784 

3,506 

4,172 

2,322 

1,402 

929 

625 

464 

351 

844 

312 

157 

88 

73 

36 

46 

22 

12 

4 


$36,  233, 
2,327 
158, 002, 
143, 187, 
109,  603, 
118,  521 
159, 007 

70, 139 
284,  679 

88, 166, 
141, 431 
124, 685 

46, 359 
121, 469 

13, 090 

100, 198. 

2, 946; 

91,  250, 
603 
155, 610, 
126, 143 
102, 426: 

85, 324; 

73,811: 

63, 936 

57,  531 

50,  .598 

46,  547 

43, 154, 
172, 084 
129, 030, 

95,  766 
143, 923 
103, 678, 

76,  745, 

60, 197 

46, 741, 

39,  173 

33,  284 
100,  553, 

53," 

35, 039, 

23, 967: 

25, 196, 

16, 151 

28, 623, 

19, 0.52 

13,  638, 

20,  312, 421 


252, 907 


58, 265 


(2) 

"ib',lV5',': 


$76, 975 


755, 756 


1,460,314 


1, 215,  522 


1, 000, 939 


1, 105,  748 


1, 302,  953 


1,  262,  746 


1, 380, 866 


2. 819, 324 
2, 850, 364 
2, 872, 154 
2, 913, 105 
2,934,045 
2, 873, 846 
2,874,058 
2,  739,  659 
2, 692, 343 
2, 653, 914 
12, 363, 246 
11, 737, 840 
10, 616. 170 
19,  554, 085 
17, 059,  405 
14, 739, 043 
13, 323, 545 

11,  745, 169 
11, 020, 481 
10, 400, 069 
37, 425, 007 
24,  253, 811 
17, 388, 603 

12,  634, 093 
14, 158, 928 

9, 625,  819 
18,091,434 
12,  704, 819 

9,  409, 108 

(2) 
14, 963,  791 


(') 
,'688,"049 


34,  952,  886 


799,  507 


976, 939 


3, 864, 452,  725 


348, 687, 146 


9,272 

7,647 
5,577 
5,574 
5,389 
6,288 
6,874 
6,686 
6,463 
6.513 


25, 399.  852 
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 


364,  772 
277,  567 
165, 971 
178,  605 
117,336 
222, 459 
299,  882 
464,  430 
2S3, 403 
227. 471 


852, 076 
807, 818 
748, 054 
798, 685 
634, 057 
711,566 
757, 835 
780, 418 
766, 974 
753. 044 


3,106, 
2,  811, 
2,  598, 
2,  764, 
3, 108, 
4, 189, 
6,253, 
6, 458, 
5.  398, 
4, 984, 


263, 965 
720,  784 
890,  660 
354,  206 
633,  729 
130, 106 
465. 699 
089, 207 
451, 005 
020,  281 


202, 971,  449 
166,  789,  731 
137,414.061 
109,  593, 039 
77, 975, 788 
163, 508, 893 
396, 687, 348 
451, 606, 998 
305,  210,  059 
247, 164, 324 


For  footnotes,  see  p.  132. 


83167—38- 


124 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  Stales  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


North  Carolina 


Num- 
ber of 
returns 


Net  income 


Total  tax 


North  Dakota 


Num- 
ber 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  (est.)i 

4-4.5  (est.).-- 

4.5-5  (est.)i 

4.5-5  (est.).-- 

5-6' 

5-6 

6-7 

7-8 

8-9 

9-10 - 

10-11 

11-12 

12-13 

13-14 

14-15 

15-20 

20-25 

25-30 

30-40 

40-50 

50-60 

60-70 - - 

70-80- --- 

80-90 

90-100 

100-150. 

150-200 

200-250 

250-300. 

300-400 

400-500 

500-750 

750-1.000 

1,000-1,500 

1,500-2,000 

2,000-3,000... 

3,000-4,000 

4,000-5,000 

5,000  and  over 

Classes  grouped  2. 

Total 


Summary  for  prior  years:  3 

1935 

1934- 

1933 

1932 - 

1931-  — 

1930 - 

1929- - 

1928- 

1927 

1926- 


2,284 

291 
4,712 
3,941 
2,697 
2,497 
3,498 
1,032 
5,579 
1,277 
2.443 
1,689 

779 
1,399 

233 

1,142 

6G 

892 

1,324 

909 

635 

421 

356 

267 

225 

181 

137 

122 

406 

182 

110 

149 

55 

35 

31 

15 


$1, 664,  035 

168,  056 

5,631,977 

5, 019,  735 

4,  742,  260 

4,  258,  830 
7,  959,  492 
2,293,317 

15, 108,  007 

3,  590,  440 
7, 819,  190 
5, 486,  455 
2, 865,  3G4 

5,  262.  374 
970,  526 

4, 850,  196 
313,  287 

4,  220, 407 

37, 087 
7,  235,  075 
5, 883,  536 
4,741,915 
3,  569,  863 
3, 380,  770 
2,  791,  509 
2,  .581,  292 

2,  258,  591 
1,842,141 

1,  768,  540 

6,  988,  017 
4, 085,  863 

3,  025, 888 
5,118,960 
2,411,705 
1,921,414 

2,  035,  679 
1, 129,  421 

413,  036 

669,  294 
2,  259,  821 
2, 132, 002 
1,  299,  992 

{') 

(2) 

(2) 

(2) 
(2) 


$5,  705 
"26,"  769' 


52, 000 


39,  357 
"33,"  287" 


42, 803 


51, 890 


56,  642 


55,  734 


123,  257 

124,  598 
129,  662 
115,650 
128,315 
121,941 
122,  347 
116,571 
103,  417 
104, 892 
485, 320 

364,  549 
329,  705 
683, 668 
390, 368 

365,  721 
448, 674 
282, 947 
112,870 
210,416 
836, 677 
967,  727 
603,  722 

m 
m 

(2) 

0) 


1,203 

22 

1,220 

1,241 

966 

601 

1,201 

246 

1,407 

255 

533 

399 

156 

284 

31 

208 

9 

167 

4 

199 

135 

77 

60 

41 

26 

21 

18 

6 

•7 

37 

16 
5 
5 


$775,  959 

11,  744 

1,  480, 488 

1,578,431 

1,  685, 147 
1, 030, 104 

2,  718,  368 
544,  639 

3, 808,  225 
714,619 

1,  715, 909 

1,  284,  288 
575,  827 

1, 065,  297 

130,110 

884, 410 

42, 386 

789, 887 

21, 187 

1, 088,  676 
876,  694 
574, 614 
504,  010 
388,  875 
274,  767 
240,  577 
224,  719 
80,  511 
100,819 
625,  270 
361, 609 
139, 353 
169, 425 


$280 

7,720 

12,  394 

8,246 

5,608 

8,304 

9,165 

9,348 

11, 159 

4,  557, 103 


2,  862, 179 


198,  340 


42, 075 


156,  362, 462 


10, 499, 380 


10, 809 


26, 705,  284 


35.813 

32,  305 
29, 462 
25, 972 
22,  625 
25,  216 
28, 860 
30,  997 

33,  398 
35,  332 


124. 880,  237 
112,913,710 
91,  673, 065 
76,  989,  708 
88, 042,  580 
103,  624, 484 
130,  352, 897 
161,  039,  786 
1.55,916,827 
153,  231, 981 


6,419,410 
6,  281,  451 
4, 121,  232 
4,017,702 
2,  030,  396 

2,  426,  562 

3,  282,  957 
6,  051,  641 

4,  519, 870 
3, 398,  245 


10, 039 
9,733 
8,359 
8,889 
7,013 
8,262 
9,170 
9,710 
9,758 
9,881 


23,  077,  405 
22,  351, 926 
16,  799, 800 
18,  182,  308 
18,  469,  626 

24,  476, 992 
31,  197,  250 
34,  878,  015 
33,  252.  341 
33. 169, 117 


For  footnotes,  see  p.  132. 


STATISTICS    OF    INCOME 


125 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


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

1-1.6  (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.ji 

2.5-3  (est.) 

3-3.5  (est.)' 

3-3.5  (est.) 

3.5-4  (est.)' 

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_ 

10-11 

11-12.. ._ 

12-13 

13-14. 

14-15... _ -. 

1,5-20 

20-25 

25-30 

30^0 

40-50 

50-60...- 

60-70.-.. 

70-80 

80-90 

90-100. 

100-150 --.. 

150-200 

200-250 

250-300 

300-400 

400-500 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000  and  over- 


Total. 


Summary  for  prior  years: ' 

1935 

1934 

1933 

1932 

1931 


1930- 
1929- 
1928- 
1927. 
1926. 


Ohio 


Num- 
ber of 
returns 


10,  472 

800 

46,  003 

23,  616 

20,  664 

33,  231 

17,  445 

13,  846 

35,  714 

8,742 

13,  330 

11.431 

3,924 

12,421 

677 

11, 183 

190 

8,990 

39 

8,353 

5,749 

3,846 

2,848 

2,239 

1,718 

1.326 

1,150 

948 

791 

2.672 

1.376 

811 

879 

471 

281 

180 

98 

80 

57 

109 

27 

21 

21 

12 

4 

4 


308, 789 


246. 888 
209,  589 
181,212 
188, 141 
164, 809 
199,  600 
215, 804 
218. 479 
222.  707 
231, 196 


Net  income 


$7,  333, 106 
458,  141 
54,  369, 894 
31,  685,  228 
35,  648,  675 
57,409,211 
39,  528, 953 
30,  591, 388 
96,  870,  722 
24,  235,  995 
42,  567,  595 
37,  204,  732 

14,  439, 035 

46,  591,  771 
2, 824, 109 

47,  436,  334 
906,  224 

42,  634,  006 
205, 907 

45,  642,  273 
37, 197,  343 
28,  755,  920 
24, 163,  724 
21,  228,  231 
18,  024, 442 

15,  233,  025 
14, 3  ji,  231 
12,  708,  949 
11,454,127 

46,  059, 180 
30.  647,  227 
22, 192.  366 
30,  334,  946 
20, 937, 140 
15,  390,  226 
11,618,994 

7,301.594 
6,  800,  438 
5,  396,  665 
13,117,348 
4,641,250 

4,  719.  758 

5,  641,  504 
4, 149,  262 
1,  797,  249 
2.909.851 
3,  627,  981 


1, 078,  986,  270 


766, 

631, 

511, 

556, 

689, 

950. 

1,  259, 

1,  302, 

1, 153, 

1, 146, 


528. 630 
348. 370 
694.  014 
313.005 
352. 135 
397, 134 
571.939 
762,  001 
7,56.214 
495, 871 


Total  tax 


$15, 174 
"2i2,"375 


728, 142 


520,812 


348,  531 


376,  288 


497,  001 


559,  225 


584,  180 


790,  382 
811,293 
790,  300 
805, 490 
829,  504 
794, 187 
740.  922 
760,  874 
722,  810 
695,  907 

3,  255,  83'J 
2,  749.  252 
2, 440,  .586 
4, 088,  378 
3, 409. 024 
2, 947,  533 
2,  563,  710 
1, 829.  998 
1, 923,  90S 

1,  687,  768 

4,  919,  332 

2,  092, 260 
2, 350, 861 
2,  969,  218 
2,  335,  759 
1, 070.  639 
1,  826.  959 
2, 432,  447 


58.  476. 868 


28,  981,  842 
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 


Oklahoma 


Num- 
ber of 
returns 


3,948 

136 

5,706 

2,518 

5,300 

3,118 

5,525 

1,692 

5,890 

1,362 

2,189 

2,068 

514 

2,188 

112 

1,696 

45 

1,290 

1,533 

952 

707 

476 

362 

282 

195 

166 

152 

120 

387 

199 

131 

141 

59 

35 

26 

12 

12 

10 

7 


51,27 


44,  909 
39.  279 
33,  224 

31,  832 
28,  242 

32,  526 
37.000 
37.  261 
39, 806 
37, 497 


Net  income 


$2,  500,  729 

83,  790 

6, 993,  500 

3,  273,  290 

9,  220,  543 

5,  402,  635 
12,  505,  592 

3,  730, 817 
15, 993, 721 

3,  816,  346 

6,  980,  587 
6,  726, 375 
1, 893,  543 
8,  225,  486 

471,  019 
7, 193,  525 

214, 178 
6, 091,  450 
37,388 
8,  369,  620 
6,  154.  878 
5,  291,  968 

4,  035, 037 
3, 429,  428 
2, 949,  509 
2,  240, 470 
2, 066,  504 
2, 055, 006 
1,  734,  565 
6, 653, 648 
4, 440, 632 
3, 607, 134 
4, 844, 316 
2, 618,  786 
1, 906, 163 
1,  676,  587 

892,  061 

1,  035,  716 

957,  664 

824, 128 

1,  648. 121 


170,786,455 


139, 147,  683 
120  030,  049 
89.  908.  905 
83,  367,  347 
93,  593, 901 
157.  410,  693 
216. 346,  916 
211,061,345 
212,  341,  656 
223,  036, 805 


Total  tax 


$2,724 
'21,131 


66,  422 


60,  665 


42,  632 
49,"  278 
'8i,"952 


80,820 


75,420 


141,  030 
130, 108 

142,  622 
132,  547 
129, 281 
127, 125 
104, 844 
105,  546 
114,598 
105,  119 
465,  951 
388,  729 
392,  499 
647,  134 
420,  581 
361,  490 
369,  856 
219,  289 
294, 123 
296,  201 
302,  403 
759. 961 


6,  632,  281 


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 


For  footnotes,  see  p.  132. 


126 


STATISTICS    OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


"Net  income  classes 
'(Thousands  of  dollars) 


Under  1  (est.)' 

Under  1  (est.) 

1-1.5  (est.)i___ 

1-1.5  (est.) 

1.5-2  (est.)i 

1.5-2  (est.) 

2-2.5  (est.)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.)' 

3.5-4  (est.) 

4-4.5  (est.)' 

4-4.5  (est.) 

4.5-5  (est.)' 

4.5-5  (est.) 

5-6' 

5-6 

6-7 

7-8 

8-^ 

9-10 

10-11 

11-12 

12-13 

13-14 

-14-15 

:i5-20 

^0-25 

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 

l.,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000.. 

5,000  and  over 

Classes  grouped  2. 

Total 


Oregon 


Number 
of  returns 


.Summary  for  prior  years: 

1935 - 

1934- 

1933 

1932 

1931 

1930 

1929 

1928. 

1927.. 

1926 


1,092 


932 
999 

on 

630 
456 
893 
431 
050 
821 
517 
549 
,195 
93 
884 

3 
685 

2 

,204 

801 

510 

321 

298 

199 

142 

128 

106 

93 

261 

133 

76 

96 

38 

19 

2 
1 
2 
1 


Net  income 


$669, 882 
52,  818 
7, 006,  464 
5, 133,  534 
5, 167,  839 

4,  489,  768 

5,  537, 389 

1,  983,  008 
14,  685,  540 

2,  955,  504 

5,  807,  383 
4,  931, 846 
2, 016, 685 
4,  474, 133 

390,  437 

3,  751,  116 

14,  902 
3.241,401 
(2) 

6,  582,  526 
5,164,931 

3,  797.  357 
2,  724,  221 
2,  821,  339 
2,  084,  181 
1,  627,  866 
1,595.722 
1.J24.849 

1,  3i.5,847 

4,  .521,  754 
2.941,361 

2,  066.  458 

3,  327,  951 
1,  688,  257 
1,  039,  195 

438, 068 

m 


Total  tax 


$1,  792 
"26,'042' 
'53,"082' 


32,  308 
"25,' 341 


34,  948 


41,117 


44,  685 


46,  058 


37,  778 


33,  ^73 
27, 253 
27,  572 

25,  845 
20, 181 

26,  047 
28, 194 
29,  333 
33,  903 
30, 955 


111,664 
111,279 
102,  799 

90,  121 
107,  818 

90,  392 

76,  606 
82. 928 

77,  724 
80,  440 

319,  037 
2.56,  671 
223.918 
446,  406 
272,  732 
196,  667 

92,  716 

{') 

(2) 

(2) 


Pennsylvania 


Number 
of  returns 


Net  income 


23, 191 

1,486 
74,  651 
53,  799 
30,  808 
42,  606 
31.216 
19.  404 
48, 092 
14, 199 
16,  835 
16.  932 

4,809 
15.  259 

1.124 

12,  338 

252 

9.482 

12,  575 

8,668 

5.763 

4.264 

3.112 

2.519 

2.006 

1,681 

1,374 

1.198 

3.765 

2,030 

1,229 

1.442 

750 

441 

310 

202 

121 

103 

229 

74 

28 

12 

19 

12 

15 

.    3 

3 


118, 060, 934 


91, 305, 901 
71, 076. 619 
66,190,038 
60,  519,  751 
73, 154.  659 
106,  076,  107 
129,  360,  587 
132, 829,  673 
140,  739.  425 
135.  030. 190 


167,  736 


1, 625,  697 

1. 084, 638 

795,  893 

670,  442 

474, 055 

1,073,686 

1,  663,  775 

2,  387,  276 
1,  920,  597 
2, 175,  322 


470,511 


389,  994 
342,  308 
323, 960 
334,  471 
267, 848 
322,  503 
364, 145 
361,220 
381,  374 
397,  575 


$16,397,350 

765,  832 

87, 821.  597 

69,  911,  535 
53,  378,  691 
73, 103,  971 

70,  919,  885 
42, 888, 438 

130,  237,  305 
39,  468,  613 
53,  734, 265 

55,  101,  064 

17,  678,  643 
57, 114,  063 

4, 688,  513 

52,  365,  059 

1, 186, 959 

44,  955, 109 
412,  376 

68,  682,  045 

56,  055,  512 
43,  0.57, 190 
36,  110,  575 
29,  506,  705 

26,  406,  559 

23,  049,  516 
20, 995. 610 

18.  521,  419 
17, 360,  716 
64,  783,  370 

45,  201,  742 
33,  533, 628 
49,  578,  360 
33,  338, 121 

24,  112.712 
20.01.5,013 
14.  961,  231 
10,  274,  666 

9,  794,  991 

27.  701,  920 
12,  595,  436 

6.  335.  673 
3,  162,  728 
6.  .598,  152 
5,  316.  690 
9.  444.  747 

2,  444,  677 

3.  660.  776 


Total  tax 


9,  594, 966 


$24,  269 
392,' 974 
'9111^797 


734, 135 


505,  259 


512,  055 


602, 642 


668,  857 


661,  354 


1,251,816 
1, 282, 109 
1,  217,  739 
1,  238, 803 
1, 178,  773 
1, 185,  875 
1, 136,  910 
1, 122,  276 
1.071,716 

1,  073, 131 
4,  644,  857 
4,  093,  228 

3,  709,  686 
6,  695,  375 
5. 482.  845 

4,  622.  800 

4,  413,  638 
3,  728,  638 

2,  904,  517 
3,049,410 

10,  432,  352 

5,  659,  989 
3, 154,  888 
1,651,992 

3,  716,  186 
3, 158,  894 

6,  002, 892 

1,  615,  298 

2,  318,  282 


1,  604,  324,  714 


1.  273, 
1, 067, 
970. 
1,023. 
1, 193, 

1.  620, 
2.217. 

2,  204, 
2.  091. 
2, 138. 


383. 247 
788. 870 
250.517 
234,  341 
400,  020 
314, 109 
958,  557 
955,  406 
825.  217 
168.  594 


7, 150,  < 


104, 979. 166 


57,  052, 818 
44,  423,  725 
32, 872.  779 
39.  904, 410 
24,  854,  5.58 
46,  825,  528 
90,  694,  655 
96,  772.  465 
78.  674,  525 
76, 887,  315 


JFor  footnotes,  see  p.  132. 


STATISTICS    OF   INCOME 


127 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 

Rhode  Island 

South  Carolina 

(Thousands  of  dollars) 

Number 
of  returns 

Net  income 

Total  tax 

Number 
ofreturns 

Net  income 

Total  tax 

Under  1  (est. )i    

1,458 

131 

6,222 

4,926 

2,549 

3,515 

2,134 

1,509 

3,651 

1,155 

1,  572 

1,381 

510 

1,267 

94 

777 

42 

588 

3 

966 

731 

543 

381 

»16 

246 

200 

185 

132 

132 

373 

180 

140 

152 

87 

50 

27 

19 

22 

8 

25 

10 

5 

6 

1 

2 

$1,023,114 
68,  526 
7,  276,  054 
6,  359,  054 
4,411,032 
6,  047,  047 

4,  824,  307 
3,  302,  384 
9, 969, 482 

3.  247,  361 

5,  004,  340 

4,  508,  758 

1,  883,  228 

4,  748,  532 
390,  234 

3,  292,  972 
196,  564 

2,  794,  739 

16. 804 

5,  280;  433 

4,  739,  991 
4,052,915 

3,  230,  310 
2.  993, 956 
2.  586,  796 
2,  289,  265 

2,  309,  297 

1,  779,  405 
1,912.851 

6,  434,  490 
4,031,054 

3,  837,  020 

5,  237,  878 
3,  875,  686 

2,  725,  601 
1,  747,  104 
1,431,971 
1,  882,  284 

765,  640 
3, 004,  602 
1,  725,  521 
1,195,716 
1,578,794 

(2) 

(2) 

1,365 

152 

2,125 

1,849 

1,972 

1,220 

2,005 

580 

2,017 

616 

816 

838 

301 

668 

86 

571 

V5 

476 

2 

648 

387 

277 

184 

136 

116 

96 

74 

43 

47 

129 

59 

40 

32 

11 

11 

3 

2 

3 

$923,  699 
76,  665 
2,  548, 899 
2,  368, 084 
3, 430, 103 
2, 096,  684 

4,  543,  140 

1,  289. 907 

5,  465,  012 
1,738,650 

2,  612,  082 
2,  731, 080 
1.111,254 
2,  507.  043 

360,  705 

2.  425.  920 

69,  448 

2,  257,  786 
(') 

3,  541,  653 
2,  489,  655 
2,074,230 
1,  560,  189 
1,  292,  144 
1,  214, 892 

1,  lOO.  788 
924, 148 
579, 178 
682,  541 

2,  224, 927 
1,  335,  547 
1,  095,  821 
1, 098,  560 

484,  381 
582,  544 
191,571 
(2) 
248, 806 

Under  1  (est.)      

$2,  315 

$2, 52S 

1-1.5  (est.)'     -- 

1-1  5  (est.)   

34,  704 

13  127 

15-2  (est.)'      

1  5-2  (est.)     --- 

76,  043 

25,261 

2-2.5  (est.)' 

2-2.5  (est.)   

55,  535 

21,178 

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

2  5-3  (est  )              

38,  632 

16, 729 

3-3  5  (est.)  1           

3-3  5  (est  )     --- 

43, 930 

21,799 

3  5-4  (est.)'       

3  5-4  (est.)     -- 

54,  486 

24,509 

4-4.5  (est.)'     -- 

4-4.5  (est.)   --- 

40,  282 

25, 155 

4.5-5  (est.)' . 

4.5-5  (est.)   

46,  468 

29, 026 

5-61                                 -  

5-6 

101,  387 
111,308 
119,181 
114,205 
12B,  974 
118,937 
115,075 
1^4,  752 
106, 106 
118,446 
468,  517 
368,  949 
429,  513 
711,  529 
639,  9S2 
523.  792 
388,  170 
366,  456 
542, 094 
238,  041 
1, 120,  733 
783,  546 
607,  887 
826,  772 

(2) 

(2) 

58,638 

6  7      

49, 452 

7-8       

54,  735 

S  9                           - 

51,  546 

9-10                          -  

49,  502 

10-11      

48,  731 

11-12                          

52,  433 

46, 152 

13-14             ..       

31,436 

14  15                      

39,  584 

15-20         

150,  356 

119,735 

25-30         

120,  373 

146,  363 

40-50       .  

77, 880 

106, 098 

60-70 

41,591 

« 

80-90 

67, 845 

100  150           -  -  --- 

3 

345, 047 

125, 659 

200-250                    --  

250  300 

300-400 

400-500                               -     -- 

500-750                               

1 

(2) 

(2) 

1  000- 1  500              --       

2,000-3  000           - 

4  000-5  000                         

1, 954,  497 

1,  194, 181 

157, 969 

36,580 

Total  

38,  424 

141, 967,  609 

10,  755, 927 

19, 975 

61,  786,  752 

1, 653, 997 

Summary  for  prior  years:  ^ 
1935            

33, 009 
31.235 

29,  489 

30,  581 
22,  375 
23,862 
26, 481 
25,  801 

25,  184 

26,  362 

113.640,801 
104, 193,  731 
92,  .589, 659 
101,863,121 
111.  159,  397 
136,  571,  363 
184,  531, 178 
176.  225. 164 
157.  464,  733 
155, 050,  974 

6. 002,  036 

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 

16.  826 
14,  937 
12,  686 
11,902 
10,  536 

12,  179 

13,  232 
13,  725 
14,310 
13,  809 

47, 010,  243 

41,  023,  968 
32. 131.  067 
29, 080,  658 
33.  858.  781 

42,  714, 132 
50,  257,  416 
55,  510, 360 
55,  218,  679 
53,  060, 331 

802,  720 

1934    .      

735  471 

1933    

450, 922 

312.  924: 

1931           

197,  943- 

1930 

304,  596 

1929                             -       -  - 

566,  252 

1928                          

716,628 

1927 

554,  731 

1926 

420,  164 

For  footnotes,  see  p.  132. 


128 


STATISTICS    OF   INCOME 


Table  9.— Individual  returns,  19S6,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 

South  Dakota 

Tennessee 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  Income 

Total  tax 

997 

33 

1,316 

1,128 

931 

751 

1,100 

329 

1,267 

269 

466 

379 

110 

356 

33 

245 

8 

198 

3 

253 

163 

101 

62 

35 

39 

24 

19 

14 

24 

38 

14 

9 

3 

6 

$621, 973 
17, 757 

1,  560, 109 
1,456,873 
1,611,856 
1,289,683 

2,  490, 463 
726. 902 

3,  426,  437 
755,  416 

1, 487, 662 

1,  232,  252 

406, 971 

1, 337, 347 

141,483 

1,  033,  786 

39, 251 

940,  793 

15,777 

1, 378,  659 

1, 047.  890 

755, 155 

523,  303 

331,301 

410.  575 

273,  556 

238, 004 

190,919 

345,  680 

665.  527 

311,460 

249, 649 

268, 332 

2,293 

169 

6,019 

2,473 

2,823 

3,  .565 

3,418 

1,955 

5,478 

1,347 

2,889 

2,100 

894 

2,469 

194 

2,039 

69 

1,628 

11 

1,526 

984 

678 

491 

385 

305 

238 

217 

160 

137 

425 

237 

134 

129 

63 

41 

29 

13 

4 

4 

9 

1 

1 

$1,607,083 
93,  964 
7,  202,  514 
3, 321, 077 
4, 923, 350 
6, 189, 016 
7, 837, 295 

4,  334,  906 
14,943,787 

3,  720, 483 
9, 254, 887 
6, 870, 687 
3, 285, 413 
9, 242, 165 

810, 930 
8, 631, 320 

328,016 
7,717,141 
59,  573 
8. 350,  846 
6, 361,  737 
5, 053,  547 
4, 166, 037 
3, 641, 545 
3, 198,  515 
2,  732,  502 
2,  710, 301 
2, 160, 649 
1, 984, 887 
7, 286, 831 

5,  271, 484 
3, 648, 487 
4, 442, 945 
2,818,548 
2,241,213 
1,895,782 

983, 018 

336,  546 

369,  746 

1, 100,  723 

(n 
(2) 

Under  1  (est )       

$458 

$2, 943 

1-1.5  (est.)      

7,767 

23, 930 

1.5-2  (est.)     .._ --- 

15,  985 

79,704 

2-2.5  (est )       

11,509 

77, 018 

2.5-3  (est  ^        

6,149 

54, 086 

3-3.5  (est.)     

8,407 

67,  716 

3.5-4  fest )            --- - 

11,480 

98, 101 

4-4.5  (est.)i 

4-4.5  (est  )       

11,015 

92,897 

4.5-5  (est ) 

11,780 

107,  206 

6-6  • 

5-6                         

21,686 
22,319 
20,  496 
18,  386 
12,510 
17,  209 
12, 135 
12,414 
10, 222 
21, 168 
47, 349 
27, 009 
27,  716 

m 

44,003 

143, 981 

6-7         -            

131, 850 

7-8       -.- -- 

134, 693 

8-9       --        

136, 961 

9-10    ...      

141,881 

10-11 

136, 774 

11-12                      

129,  776 

12-13      - 

140, 056 

13-14               

121,971 

14-15               

117,945 

15-20    ---- 

509, 143 

20-25                    

468, 619 

25-30                    --- 

394, 349 

30-40 

595, 756 

40-50             - 

456, 820 

50-60                       -  

424, 980 

60-70                      

418, 686 

70-80    

1 

m 

(2) 

252.  604 

92,  532 

90-100                             -  - 

113,172 

100-150                    

417,053 

150-200                    

C^) 

200-250                - 

« 

250-300 

300-400 

1 
3 

(2) 

1,417.564 

m 

400-500       

854, 412 

500-750 

750-1  000 

1  000-1  500 

1  500-2  000 

3  000-4,000          .  -            

4  000-5  000 

173, 165 

31,942 

770,  333 

405, 053 

Total      

10,  724 

27,  755, 966 

431, 114 

48,048 

173,317,393 

7,  342,  668 

Summary  for  prior  years:  ^ 
1935              

9,582 
8,302 
7,555 
8, 356 
7,387 
9,449 
10, 449 
10,  649 
10, 969 
12,414 

24,  693,  550 
20,105,511 
16,519,323 
17, 956, 077 
22, 130,  693 
31,  453, 988 
40, 165. 070 
38, 9,54,  908 
35,906,515 
38, 153,  263 

345,  333 
225,  380 
188, 033 
137,  503 
105,  602 
178,  379 
390, 886 
321,516 
209, 667 
208, 893 

42,  341 
37, 938 
33, 464 

31,  543 
28, 117 

32,  682 

34,  604 
35, 039 

33,  812 

35,  495 

135,  557, 076 
115,788,720 
93,395,213 
88,515,162 
107,  251, 482 
140,  422,  521 
177,388,337 
190,287,682 
173, 162,  605 
175,714,293 

3, 937,  433 

3,  596, 105 

1933 .- 

1, 987,  598 

1,  699, 381 

1931 

1,413,609 

1,955,201 

1929 

3,  747,  582 

5,624,112 

1927      

4,  035,  541 

3,  651,  457 

For  footnotes,  see  p.  132. 


STATISTICS    OF   INCOME 


129 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  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. )i    -- 

7,862 

105 

15, 028 

13,  774 

9,731 

11,416 

10,  593 

5,595 

14,919 

6,275 

6.609 

8,994 

2,112 

9,067 

491 

6,499 

114 

4,776 

34 

7,161 

4,336 

2,346 

1,532 

1,074 

826 

663 

589 

456 

346 

1,289 

767 

440 

440 

232 

123 

71 

51 

29 

17 

46 

14 

6 

$5, 138,  515 
56,  561 

18,  247,  712 
17,  737,  376 

16,  842.  228 

19,  635, 078 
24, 042;  042 
12,  506,  617 
40,631,683 

17,  539,  375 
21, 090,  568 
29,  270,  782 

7,  774,  695 
33,  894,  723 

2,060,841 
27,541,316 
536,118 
22,  650, 125 
179,  730 
39,070,869 
27,  975,  824 
17, 486,  396 
12,  969,  821 
10. 182,  851 

8,  652,  212 
7,  599, 162 
7, 340,  029 
6, 150,  951 
5,018,424 

22,  243, 094 
17, 034, 474 
11,939,982 
15,049,736 
10, 308, 314 
6,  744, 301 
4,  524,  699 
3,785,841 
2,  434,  294 
1,619,547 
5,456,613 
2,  509, 461 
1,336,515 

953 

41 

1,835 

1,745 

1,181 

1,000 

1, 3.55 

363 

2,380 

462 

1,072 

604 

335 

537 

68 

366 

22 

276 

5 

433 

280 

175 

138 

92 

74 

52 

54 

49 

38 

105 

51 

50 

38 

12 

12 

5 

$619,  286 

26,  772 

2,  244,  601 

2,  236, 899 
2, 050, 978 
1,  726,  501 
3, 081. 3.55 

806,071 
6,  489,  284 
1,  307,  485 

3,  446,  997 
1, 974, 701 
1. 229,  622 
2.017,276 

282, 807 

1,  554,  263 

106,033 

1,319,695 

26, 398 

2, 365, 147 

1,815,908 

1, 302, 092 

1, 166, 048 

873, 316 

778,  542 

596,  262 

671,  210 

659, 991 

548, 080 

1,  799,  957 

1,146,040 

1, 370,  665 

1, 328,  963 

550.  652 

664, 622 

333,  614 

Under  1  (est.)    

$1,  556 

$807 

1-1.5  (est.)>       

1-1.5  (est.)  - 

86, 880 

11,  531 

15-2  (est.)'               

1.5-2  (est.)            .  . 

215,  545 

20,  913 

2-2.5  (est.)i.         -- 

2-2.5  (est.) 

180,  618 

13,  516 

2.5-3  (est.)i...  

2  5-3  (est.)                    --       

177,  948 

10,724 

3-3.5  (est.)'              

3-3.5  (est.)     - 

273, 303 

14, 143 

3.5-4  (est.)'          

3.5-4  (est.)  

405,  203 

15,  655 

4^  5  (est.)'                          -  --- 

4-4.5  (est.) 

417. 145 

15, 469 

4.5-5  (est.)'         -  .  .     

4.5-5  (est.)     

385,  859 

17, 314 

5-6'        - 

5-6       

818, 039 

761,  226 

619, 694 

562, 156 

493, 614 

459,  885 

440,  295 

454,203 

403,  651 

348,  551 

1.  771.  227 

1.  656,  507 

1, 375,  799 

2, 088, 978 

1,  737,  936 

1,324,481 

1, 002. 962 

961, 824 

692,  670 

515,497 

2,025,166 

1,157,869 

664, 313 

38,  285 

6-7 

39, 092 

7-8 

34,  835 

8-9 

38, 229 

9-10           

31,  727 

10-11    

33, 212 

27,  275 

12-13 

34,  279 

36, 620 

14-15       

31,465 

126, 906 

20-25    . 

102,  753 

25-30 

150, 453 

30^0                    

180,  994 

40-50 

91,  378 

50-60         

127, 336 

76,  256 

70-80 

80-90 

1 
1 
2 

(2) 
(2) 

(2) 

90-100    -          

(2) 

100-1.50 

(2) 

1.50-200 

200-250                                   .  . 

250-300                    

4 

1, 433, 177 

813,  285 

400-500 

500-750 

750-1,000              

2 

(2) 

(2) 

1,000-1,500 

1,500-2.000 

1 

(2) 

(2) 

3,000^,000 

Classes  grouped  2     

3. 201,  747 

1, 971,  668 

408,  656 

136.973 

Total    

156,  855 

569, 444, 419 

27,  265,  553 

16,  262 

50, 926, 789 

1,458,140 

1935 

131,447 
113,930 
105, 950 
102, 966 
89, 158 
105, 058 
113,555 
112,273 
114,534 
111,438 

439, 162,  958 
366,  713,  839 
299,  577,  627 
279,  533, 040 
333,  673, 467 
448,  849,  717 
592,518,704 
5S0,  239, 493 
560, 322,  568 
547,562,501 

19,498,410 
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 

14,088 
11,458 
10.807 
10,  624 
9,785 
11,777 
13, 163 
13,  262 
13,029 
13, 568 

39, 902.  816 
32.016,329 
26,933,168 
27, 028, 193 
31,863,6.57 
45, 369, 199 
59,  451.  690 
58,  809, 296 
53,  628, 897 
53, 832, 169 

686. 084 

468.  653 

1933                 .             .  . 

349,  519 

366,  273 

1931.. 

106, 095 

1930 

447,  953 

1929 

881,  606 

1928...      ...       

1,095.839 

1927-...  

851.031 

1926 

628,  773 

For  footnotes,  see  p.  132. 


130 


STATISTICS    OF    INCOME 


Table  9.— Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 

Vermont 

Virginia 

(Thousands  of  dollars) 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  income 

Total  tax 

Under  1  (est )  ' 

150 

43 

2,072 

1,594 

689 

974 

542 

375 

1,897 

443 

540 

530 

137 

385 

40 

322 

9 

203 

$93,  774 
22, 138 
2, 412,  688 
2, 043,  397 
1,182,811 
1,  676,  600 
1,  216,  207 

821, 182 
5,130,743 
1,  237,  238 
1,  729,  785 
1,  717,  700 

508,  629 
1, 443, 173 

169,  679 

1,  362, 035 

41,912 

959, 014 

3,141 

131 

6,211 

3,298 

4,736 

5,427 

5,500 

2,  765 

8,164 

1,6^8 

3.337 

2,706 

895 

2,787 

171 

2,642 

36 

1,854 

8 

1,717 

1,179 

776 

565 

470 

339 

261 

212 

161 

138 

440 

220 

136 

148 

78 

59 

25 

15 

18 

5 

23 

5 

3 

$2, 142, 914 

75, 805 

7, 476,  420 

4,  459, 383 

8,  310, 953 

9.  425,  906 
12,  507,  058 

6,  082,  515 
22, 193,  292 

4,  528, 847 
10,  636,  629 

8, 821, 189 

3,  306,  788 
10,  429, 455 

720, 609 

11,230,135 

173,  443 

8,  745, 004 

42, 930 

9, 390,  349 

7,618,160 

5,  794, 821 

4,  777,  060 
4, 455, 064 

3,  559, 061 
2, 996,  965 
2,  653,  520 

2,  177,  977 
2, 000,  275 

7,  601,  626 

4,  904. 139 

3,  745,  597 

5,  072, 185 
3.  490,  185 
3,203,115 
1,  620,  975 
1,114,968 

1,  540, 328 
473,  469 

2,  742, 195 
812. 324 
685, 139 

Under  1  (est.) 

$715 

$2, 547 

1-1  5  (est )  ' 

1-1.5  (est.) 

10,  763 

30, 358 

1  5-2  (est )  ' 

1.5-2  (est.) 

20,  357 

119, 025 

2-2  5  (est )  ' 

2-2.5  (est.) 

13,  671 

103, 620 

2  5-3  (est  )  ' 

2.5-3  (est.) 

12, 552 

71,  791 

3-3  5  (est )  1 

3-3.5  (est.).             

13, 390 

85,  79a 

3  5-4  (est.)  ' 

3.5-4  (est.) 

15,  373 

99, 333 

4-4  5  (est )  ' 

4-4.5  (est.) 

17, 695 

133,  768 

4.5-5  (est.)  ' 

4.5-5  (est.)        -.               -      . 

14,  596 

117,090 

5-6  ' 

5-6 

339 

212 

124 

103 

94 

60 

39 

33 

27 

26 

86 

46 

12 

23 

12 

4 

1 

1 

2 

1 

2 

1 

1, 848, 863 
1,  372,  650 
920, 800 
870, 353 
890, 479 
631, 055 
445, 139 
411,736 
363, 877 
377, 005 
1,473,017 
1,018,145 
326,  691 
765,  655 
547, 888 
233,  262 

0) 
{') 
(2) 
(') 

34, 366 
34,  123 
25, 199 
30,  403 
36,017 
29,  502 
22,  631 
21,  792 
21,  825 
24,388 

105,  455 
92,  444 
36,  786 

102,  090 
92,  122 
47, 831 
(2) 
(2) 
(2) 
(') 
(2) 
(2) 

162,  490 

6-7 

166,  456 

7-8 

156,  274 

8-9. 

156,  967 

9-10 

175, 385 

10-11 

155,414 

11-12-. - 

147,  327 

12-13... 

138,  934 

13-14.. .     . 

126, 535 

14-15 

123,308 

15-20  .      . 

534,  859 

20-25 .  . 

439,  575 

25-30.. 

412,  969 

30-40 

685, 458 

40-50 

573, 048 

50-60 

608,  516 

60-70.... 

357,  120 

70-80. 

278,817 

80-90 

434, 805 

90-100 

147,918 

100-150 

1, 025, 060 

150-200. 

358,  864 

200-250 

338,  724 

250-300 

300-400 

2 
4 
2 

(2) 
1,  730,  331 

W 

400-500.. 

1, 023, 347 

500-750..-. 

C) 

750-1,000. 

1,000-1,500—. 

1,500-2,000 

1 

m 

m 

2,000-3,000.. 

3,000-4,000 

4,000-5,000 

5,000  and  over 

Classes  grouped  2 

880,  882 

319, 800 

3,  505,  206 

2,  299, 334 

Total 

12, 193 

37, 146,  202 

1, 195, 886 

62,  449 

218,  974, 309 

11,790.832 

Summary  for  prior  years:  3 
1935.... 

10, 903 
9,824 
9,375 

10, 439 
7,803 
8,635 
9,586 
9,394 
8,268 
8,646 

30,  293, 579 
26, 565, 697 
23, 937, 326 
27,  542.  982 
29,853,410 
39,  259,  341 
49,916,326 
48,086,175 
41, 842.  221 
42,  209, 083 

503, 958 
435, 666 
339,  220 
406, 645 
264.  753 
626. 874 
1, 019,  863 
1, 055,  740 
846,  932 
821,  296 

54, 835 
47,814 
42, 920 
43, 136 
34,  689 
37,915 
38,  631 
37,619 
37,  393 
37,  797 

171,203,815 
139,  932, 355 
117,634,811 
122,228,476 
129, 365, 027 
156,  272,  484 
179.293,926 
181,750,013 
172.2.39,863 
176,  024, 673 

5,  268,  764 

1934 

3, 665,  810 

1933 

2, 399,  380 

1932 

2,  220,  452 

1931.- 

1, 323,  722 

1930 

2, 050,  554 

1929 

3,  201.  104 

1928 

4,  408,  983 

1927.... 

3,611.  135 

1926 

3,  495,  042 

For  footnotes,  see  p.  132. 


STATISTICS   OF   INCOME 


131 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 


Under  1  (est.) 
Under  1  (est.). 
1-1.5  (est.) 
1-1.5  (est.). 
1.5-2  (est.) 
1.5-2  (est.)_ 
2-2.5  (est.) 
2-2.5  (est.). 
2.5-3  (est.) 
2.5-3  (est.). 
3-3.5  (est.) 
3-3.5  (est.). 
3.5-4  (est.) 
3.5-4  (est.). 
4-4.5  (est.) 
4-4.5  (est.). 
4.5-5  (est.) 
4..5-5  (est.)- 

5-61 

5-6 

6-7 

7-8 


9-10 

10-11 

11-12 

12-13 

13-14 

14-1.5 

15-20 

20-25 

25-30 

30-40 

40-50 

50-60 

60-70._ 

70-80 

80-90- 

90-100 

100-150 

150-200 

200-250 

250-300 

300-400 

400-500 

500-750 

750-1,000 

1,000-1,500 

1,500-2,000 

2,000-3,000 

3,000-4,000 

4,000-5,000 

5,000  and  over 

Classes  grouped  2. 

Total 


Washington  * 


Is'umber 
of  returns 


3,694 

29 

12, 347 

13,  703 

3,998 

6,881 

4,053 

2,921 

9,374 

3,628 

3,554 

5,012 

1,145 

4,231 

188 

2,973 

43 

2,242 

7 

3,070 

1,727 

944 

546 

349 

267 

233 

206 

168 

154 

393 

189 

98 

113 

69 

35 

15 

12 

11 

4 

7 

4 

1 


Net  income 


$2,  399, 078 

17, 194 

14,  389,  817 

17,  544,  621 

6,  870,  886 

11,728,231 

9, 193,  792 

6, 475, 496 

25,431,588 

10, 196,  748 

11,353,963 

16,  308,  765 

4,  212,  560 

15,841,308 

787,  794 

12,  581,  576 

198,  201 

10,  596, 066 

37,  307 

16, 746, 165 

11,132,631 

7, 010,  807 

4,  634, 950 

3,  307,  237 

2,  799,  544 

2,  670,  959 

2,563,413 

2, 261, 861 

2,  226,  785 

6,  730, 861 

4, 179, 355 

2,  663,  203 

3,  940, 424 
3,079,517 
1,  942,  703 

970,  689 
883,  717 
953,  732 
381, 363 
814,  397 
722,  685 
(2) 


Total  tax 


$584 


84,  248 


134, 257 


99,  873 
'87,' 939' 


147, 102 


163,  251 


183,921 


175, 100 


551,  618 
291, 070 
236, 554 
194,  597 
156.  525 
147,  941 
149,  424 
1.56, 385 
145,  991 
152,  158 
523,  224 
397, 886 
308,  965 
556, 393 
517,  726 
377, 035 
217,915 
223,  692 
275, 197 
119,302 
299,  520 
332,  212 
0) 


West  Virginia 


Number 
of  returns 


2,156 

120 

7,016 

5,027 

4,110 

4,388 

2,671 

1,997 

5,  164 

1,203 

2,272 

1,778 

574 

1,608 

179 

1,645 

36 

1,008 

5 

1,134 

750 

533 

352 

271 

192 

180 

145 

129 

91 

325 

155 

93 

99 

49 

21 

15 


Net  income 


$1,441,820 

60,  358 

8,  552,  543 

6,  507, 303 
7, 084,  559 

7,  575,  754 
6, 024,  258 
4,412,121 

14, 063,  540 
3,339,162 
7,  254, 022 
5, 800,  884 
2, 133, 473 
6, 033,  906 

752,  212 
6,  951,  679 

165,  569 
4, 784, 028 
26, 535 
6,  206,  007 
4, 847,  251 
3,  977,  774 
2, 975, 175 
2,  574, 464 
2,017,941 
2, 072,  561 
1, 810,  606 

1,  737,  792 
1, 318,  702 
5,  619,  754 
3, 444,  745 

2,  522  700 
3, 400, 318 
2, 188, 898 
1, 155, 169 

963, 340 
675,  344 
529,  867 
564,  744 
1,  272,  612 
(2) 


Total  tax 


$1, 883 


34,915 


93,763 
'74,' 737 


43,  840 
"49,'488 


61, 671 


82, 865 


67,004 


113,167 

104,  502 

107, 473 

99, 071 

100, 408 

88,  688 

100,  728 

95, 185 

98, 048 

81,143 

397,  653 

307,  264 

276,  896 

457,  561 

361,  699 

224,  986 

211,647 

169,  802 

1. "13, 179 

176,864 

463,  648 

(2) 


(2) 


(2) 


(2) 


(2) 


Summary  for  prior  years:  3 

1935 

1934... .     . 

1933 . 

1932 

1931.. 

1930 

1929... . 
1928-_. 
1927... 
1926.... 


867, 980 


468, 023 


906, 146 


88,  640 


259,  649,  969 


145,  745,  636 


69,  919 
60, 151 
54,  539 
56,  434 
51,781 
63, 129 
65,  240 
66, 167 
62,200 
61,  950 


197,  923,  584 
153,  639, 087 
131,639,579 
133,  697,  243 
174,  8.58, 452 
238, 857, 983 
302,  258,  404 
273,  648,  593 
252,547,211 
245,  592, 050 


3,  868,  053 
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 


37,  224 
30,  297 
25, 837 
26, 872 
22,118 
27,  130 
29, 803 
30,643 
32,500 
32,544 


106, 920, 022 
87, 992,  253 
69,  425,  751 
73,  659,  579 
80,  333, 944 
110,726,146 
136, 768,  017 
140, 128,  751 
139,  696, 175 
141,396,917 


460,  822 


5, 160,  600 


2,  276, 187 

1,  674, 942 
1, 107,  746 

928, 480 

51.5,  600 

1,238,711 

2,  298, 875 
2, 920,  822 
2,  519,  731 
2, 304,  313 


For  footnotes,  see  p.  132, 


132 


STATISTICS   OF   INCOME 


Table  9. — Individual  returns,  1936,  by  States  and  Territories  and  by  net  income 
classes:  number  of  returns,  net  income  and  total  tax;  also  totals  for  prior  years — 
Continued 


Net  income  classes 
(Thousands  of  dollars) 

Wisconsin 

Wyoming 

Number 
of  returns 

Net  income 

Total  tax 

Number 
of  returns 

Net  income 

Total  tax 

13, 007 

618 

17,  057 

19, 329 

10,  356 

10,  732 

10,209 

3,492 

9,417 

3,557 

3,390 

4,109 

899 

3,009 

284 

2,205 

45 

1,740 

2,739 

1,789 

1,242 

882 

647 

518 

394 

342 

269 

242 

655 

331 

187 

195 

115 

50 

46 

21 

19 

10 

20 

14 

5 

5 

1 

$8, 325, 412 

309,  515 

20,  503, 179 

24,  849, 150 

17,  975, 035 

18,  218,  569 
23.  032, 926 

7,  750,  543 

25,  421,  226 
9,  973, 046 

10,  831, 870 

13.  322,  3,55 
3, 313, 909 

11,249,754 

1, 189,  794 

9,  347,  397 

213,  696 

8,  248,  251 

36,  662 

14,  953,  796 

11,  586,  770 

9,  292.  061 
7,  480.  904 

6,  122.  276 
5,433.152 
4,  522,  Oil 
4,  264,  826 
3,  632,  578 
3,  ■509.  461 

11,  252, 629 

7,  393,  700 
5, 089, 156 
6,  670.  207 
5, 138,  736 
2,  716,  664 
2,  961,  437 
1,  564,  902 

1,  618,  265 
948, 040 

2,  456, 039 
2, 356,  223 
1, 134,  501 
1, 326,  630 

(2) 

535 

22 

945 

1,917 

718 

933 

794 

337 

1,183 

328 

591 

468 

169 

349 

30 

261 

3 

194 

3 

308 

164 

108 

71 

47 

35 

31 

25 

25 

16 

46 

19 

9 

9 

2 

3 

$337, 867 

12,  948 
1, 137,  435 

2,  522.  965 
1, 237.  740 
1,  566, 14r 
1,  809,  384 

750,  578 

3,  210.  694 
916, 460 

1,  883,  807 
1,  520,  457 

621,  388 
1,  306, 181 

126,  783 
1, 108,  736 

13.  860 
926, 441 

15,316 
1,  680,  980 
1,  056,  685 
801,  500 
599,  978 
447,  074 
366,  723 
353, 358 
310.  519 
334,  364 
232,  591 
798, 145 
420, 951 
246, 125 
316, 057 
(2) 
156,  448 

Under  1  (est.)           -- 

$10, 743 

$314 

1-1.5  (est.)... 

124,  508 

14, 454 

1  5^2  (est )' 

1.5-2  )est.)             

221,  681 

17,  312 

2  2  5  (est )' 

2-2.5  (est.) 

134,  432 

12,762 

2.5-3  (est.) 

102,  756 

9,161 

3  3  5  (est  )' 

3-3.5  (est.) 

112, 187 

9,937 

3  5-4  (est ) ' 

3.5-4  (est.) 

111,777 

11,061 

4  4  5  (est )' 

4-4.5  (est.)                 

119,934 

11,  821 

4  5-5  (est  )' 

4.5-5  (est.) 

130,  429 

12, 988 

5-6  ' 

5-6 - 

265,  491 
254, 098 
257, 865 
252,  922 
243,  057 
243, 028 
224,  505 
226, 100 
205,  000 
214,  033 
795, 436 
658, 808 
5.53,  540 
894,  289 
844,  380 
516,  352 
654,  553 
391,  266 
455,  771 
299. 509 
936.  583 
1,  050,  803 
565.  081 
693.  614 
(2) 

28, 107 

6-7 

23.452 

7-8 

20.  597 

8-9         .-       

17,900 

9-10 

17,  474 

10-11.. 

15,  768 

11-12    

16.  777 

12-13 

16, 104 

13-14 

18,  887 

14-15 

13,  639 

15-20 

55, 804 

20-25 

40.  841 

25-30 

28,  443 

30-40    

43,  280 

40-50 

(») 

50-60... 

29,  684 

60-70 

70-80 

2 

m 

(.') 

80-90 

90-100 

100-150 

1 

0) 

(') 

l.')0-200 

200-250 

250-300 

300-400 

400-500  .  . 

50O-7.';0 

2 

m 

(2) 

750-1,000 

1 

m 

m 

1  000-1,500 

1,500-2,000 

2,000  3,000 

3,000-4,000  .   . 

::::::::::::::::: 

4,000-5.000 

6,000  and  over 

1,  413,  936 

850,  531 

1, 180,  239 

642,  234 

Total 

124,  202 

338,951,189 

13,615,062 

10.  702 

30, 326,  918 

1, 128.  801 

Summary  for  prior  years:  ^ 
1935 

105,  785 
92,  826 
89.  739 
91.  557 
84.  681 
95. 366 

103.044 

98,  485 
100.  956 

99,  251 

258.  590.  449 
217,  350. 901 
184,  VA,  1,55 
203,  833. 124 
251.988,008 
357,  6.57,  240 
450,  934,  107 
4.'^3,  394,  323 
436,579,613 
407,  642, 742 

5,  577,  366 
.5,  009,  731 
3. 106,  227 
3.  222.  425 
2.  438.  474 
5,  892,  638 
10,  287.  020 
12,4.59,318 
10,621,745 
8,  418,  047 

8,739 

7,182 
6,603 
6.796 
5.891 
6,809 
8.140 
8.622 
8.870 
8,930 

23.  703,  202 
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 

646,  357 

1934 

583,  601 

19.33 

452.  240 

1932 

143.  717 

1931 

65,  346 

1930 

141,440 

1929. 

188,  964 

1928 

372, 128 

1927 

274.  644 

1926 

263,319 

'  Nontaxable  returns.  Specific  exemptions  from  normal  tax  and  surtax  exceed  net  income.  A  negligible 
minihcr  of  nontaxable  returns  in  net  income  cla.sses  of  $6,000  and  over  is  not  tabulated  separately. 

2  Cliisses  grouped  to  conceal  identity  of  tax[)ayer. 

'  Changes  in  the  revenue  acts  alTecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
individuals  are  summarized  on  pp.  138-145. 

*  Includes  Alaska. 


STATISTICS   OF  INCOME 


133 


Table  10. — Individual  returns,  Form  IO4O,  with  no  net  income,  1936,  by  States  and 
Territories:  number  of  returns  and  deficit 


States  and  Territories 


Alabama 

A.rizona.. 

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 


449 
356 
344 
194 
£87 
328 
125 
362 
271 
640 
226 
157 
401 
185 
556 
203 
538 
727 
410 
897 
756 
436 
885 
423 
735 
250 


Deficit 
(Thou- 
sands of 
dollars) 


1,664 

906 

1,003 

24,  645 

1.461 

5,164 

235 

2,247 

4,549 

3,000 

720 

561 

19,  791 

3,  587 

3,722 

3,057 

2,691 

2,037 

1,504 

3,903 

16,  343 

16,728 

3,213 

1,076 

5,191 

792 


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 73,272 


Number 
ofreturns 


Deficit 
(Thou- 
sands of 
dollars) 


876 

2,272 

102 

214 

366 

1,139 

2,627 

12,  434 

270 

675 

13,  575 

61, 020 

685 

2,485 

376 

553 

2,587 

14,298 

1,261 

4,505 

573 

2,021 

5,826 

22, 126 

365 

697 

292 

808 

392 

742 

511 

2,095 

3,440 

14,  070 

215 

513 

99 

364 

632 

1,945 

1,148 

3,160 

523 

1,588 

1,768 

6,129 

322 

926 

286,  632 


'  Includes  Alaska. 

Table  11. — Individual  returns,  Form  IO4O,  with  no  net  income,  1936,  by  deficit 
classes:  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.  1-5] 


Sources  of  income 

Taxable 

Sala- 

Divi- 

interest 

dends 

on  par- 

Deficit classes 

wages, 
com- 
mis- 
sions, 
fees, 
etc. 

Busi- 
ness 
profit 

Part- 
nership 
profit  1 

Net 
capital 
gain  2 

Rents 
and 

royal- 
ties 

on  stock 
of  do- 
mestic 
and  for- 
eign 

Income 
from  fi- 
duci- 
aries 1 

tially 
tax- 
exempt 
Gov- 
ern- 

Other 
taxable 
interest 

Other 
income' 

corpo- 

ment 

rations  3 

obliga- 

tions * 

Under  5      

30, 762 

15, 058 

4,012 

8,388 

29,  647 

22,  606 

3,552 

691 

12, 499 

4,399 

5-10 

8,233 

3,008 

1,501 

3,377 

4,623 

8.437 

1,038 

163 

3,087 

1,157 

10-25 

8,096 

2,196 

1,804 

3, 9G1 

3,922 

8.924 

1,316 

191 

2, 804 

1,230 

25-50 

4.610 

2,312 

970 

1,070 

790 

115 

73 

978 
1,165 

171 
42 
63 
49 

863 

843 

340 

5 

8 

73 

1 

2,747 

1,932 

1,029 

465 

478 

97 

23 

2,573 
699 
205 
328 
47 
46 
2 

5,105 
4,340 
1,285 
1,221 
851 
1,317 
70 

873 
737 
490 
155 
185 
301 
91 

67 
38 
154 

1 
4 
(') 
14 

1,747 
830 
264 
475 
122 
185 
4 

450 

50-100 

942 

100-150  

108 

150-300 

123 

300-500. 

23 

500-1,000 

59 

1,000  and  over 

2 

Total 

57, 036 

22,  729 

9,450 

22,  497 

42, 091 

54, 156 

8,738 

1,322 

22, 017 

8,493 

For  footnotes,  see  p.  134. 


134 


STATISTICS   OF   INCOME 


Table   11. — Individual  returns,  Form  IO4O,  with  no  net  income,  1936,  by  deficit 
classes:  sources  of  income  and  deductions,  and  deficit — Continued 

[Deficit  classes  and  money  figures  in  tliousands  of  dollars] 


Deficit  classes 


Sources 
of  in- 
come— 
Contd. 


Total 
income 


Deductions 


Busi 
ness  loss 


Part- 
nership 
loss  1 


Net 
capital 

loss  2 


Interest 
paid  « 


Taxes 
paid  6 


Contri- 
butions 


Other 
deduc- 
tions 


Total 
deduc- 
tions 


Deficit    I 

i 


—   I 


Under  5 

5-10 

10-25 

25-50 

50-100 

100-150. 

150-300 

300-500 

500-1,000 

1,000  and  over. 


131,614 
34,  624 
34,444 
20, 012 
13, 838 
5,016 
3,884 
2.577 
2,243 
279 


49.  512 
15,465 
l'2, 194 
5.437 
2.870 
1,030 
1,492 
24 
748 
1,297 


5,750 
2,762 
3,964 
2.441 
2.337 
1,130 
2,171 
2,383 
2,794 
2,456 


12, 087 

1,306 

942 

288 

130 

36 

29 

16 

11 


23,  729 

5,514 

4,270 

3,228 

1,249 

388 

268 

111 

79 

14 


2,181 

417 

372 

230 

116 

62 

325 

6 

44 

(") 


88,  484 
38,  265 
52,  944 
37,  554 
32,  394 
15.  735 
19,  650 
11,268 
9,951 
5,019 


207,  721 
70,415 
81,213 
52.  935 
42. 008 
18,  928 
25,283 
14,062 
13, 804 
8,792 


Total .248,530     90,070     28,190      14,845     48,189     38,850       3,753    311,263    535,161      286,632 


•  For  explanation  of  item,  see  p.  8. 

1  For  definition  of  capital  assets  and  amounts  of  net  capital  gain  and  loss  taken  into  account  for  tax  purposes, 
see  text,  p.  8,  and  sj-nopsis  of  laws,  pp.  144-145. 

3  "Dividends"  include  those  on  stock  of  both  domestic  and  foreign  corporations,  excepting  dividends 
received  by  partnerships  and  fiduciaries.  In  former  years,  this  item  included  dividends  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  I  of  the  various  revenue  acts,  and  until  1934,  the  dividends  re- 
ceived on  stock  of  foreign  corporations  deriving  more  than  half  their  gross  income  from  sources  within  the 
United  States,  whether  or  not  received  direct  or  by  partnerships  and  fiduciaries. 

•  Interest  received  on  United  States  savings  bonds  and  Treasury  bonds,  owned  in  excess  of  .S5,000,  and  on 
■obligations  of  certain  instrumentalities  of  the  United  States  (see  items  5  and  25,  Form  1040.  p.  152). 

'  Excludes  dividends  received  on  stock  of  domestic  corporations  not  subject  to  taxation  under  Title  I  of 
the  Revenue  Act  of  1936  and  on  stock  of  foreign  corporations.  In  former  years,  dividends  received  from  these 
two  types  of  corporations  were  tabulated  as  "other  income,"  except  in  so  far  as  included  in  partnership  and 
fiduciary  income,  and  until  1934  except  in  so  far  as  received  from  foreign  corporations  deriving  more  than  half 
their  gross  income  from  sources  within  the  United  States.    See  footnotes  1  and  3. 

•  Excludes  amounts  reported  in  schedules  A  and  B  as  business  deductions. 
?  Less  than  $500. 


REVENUE  ACTS  OF  1913-1936 

AND  CERTAIN  TAX  PROVISIONS  OF 
THE  NATIONAL  INDUSTRIAL  RECOVERY  ACT  (1933) 


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" 


135 


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 
through  1936,  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  1936. 

C.  Individual  supplemental  income  and  profits  tax  rates  and  tax 
credits,  under  the  Revenue  Acts  of  1917  through  1936. 

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  and  1935. 

137 


138 


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  2 

Revenue  Act 

Married  and  living  with 
husband  or  wife  * 

Single,  or  married  and 
not  living  with  hus- 
band or  wife 

Net  in- 
come = 

Gross  in- 
come re- 
gardless 
of  amount 
of  net  in- 
come 

Net  in- 
come 5 

Gross  in- 
come re- 
gardless 
of  amounf 
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 
[          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) 

J 

(1918                            -  - 

1918  (Feb.  24,  1919)      .     

11919,1920 

11921 

$5, 000 
5,000 
5,000 

5,000 
5,000 

$5,  000 
5, 000 
5,000 

5,  000 
5,000 

1921  (Nov   23,  1921) 

.^1922                        

[l923  lo              

1924  (June  2,  1924) 

1924 

1925 - 

1926  (Feb.  26,  1926) 

{l926 - 

1927 

[1928 

1929 

1928  (May  29,  1928)...  .... 

1930      

1931 

1932  (June  6,  1932) 

1932,1933 

National  Industrial  Recovery 

1933 

Act  (June  16,  1933). '^ 
1934  (May  10,  1934) 

1934,1935 

\          2. 500 

5,000 

1,000 

5,000 

1936  (June  22,  1936) 

1936 

For  footnotes,  see  pp.  140-141. 


STATISTICS    OF   INCOME 


139 


and  normal  tax  rates,  under  the  Revenue  Acts  of  1913  through  1936,  and  certain 
Industrial  Recovery  Act  {1933) 


Applicable  to  citizens  and  residents  of  the  United  States— Contd. 

Applicable  to  nonresident  aliens  ' 

Personal  exemption  and  credit 
for  dependents  3 

Net  income  subject 
to  normal  tax  « 

Normal 
tax  rate 
(per- 
cent) 

Personal  exemption 

Credit 
for  each 
depend- 
ent 8 

Married 
and  living 
with  hus- 
band or 
wife,  or 
head  of 
family  ' 

Single,  or 
married 
and  not 
living 
with  hus- 
band or 
wife,  and 
not  head 

of 
family ' 

Nor- 
mal 

Married 
and  living 
with  hus- 
band or 
wife,  or 
head  of 
family  " 

Single,  or 

married 

and  not  living 

with  husband 

or  wife,  and 

not  head  of 

family  " 

Credit 
for  each 
depend- 
ent 8 

rate« 
(per- 
cent) 

•  $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 

$200 
20U 
200 
400 

400 

400 

400 
400 

All 

1 

2 

2 
4 
6 
12 
4 
8 
4 
8 

2 
4 
6 

3 
5 

3 
5 

"2 
iM 

IV2 

3 

5 

134 

3 

5 

4 

8 

1 

All                     .     ... 

$4, 000 

1 

$3, 000 

2 

/First  $2,000 

\Balanceover$2,0'00.. 
f  First  $4,000           

2 

J 

\      (») 

[      (') 
\      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 

(') 
(») 
(12) 

(12) 

(12) 

(.2) 

(12) 

(12) 

(12) 
(12) 

\Balance  over  $4,000. - 
/First  $4,000          .     .. 

12 

\Balance  over  $4,000-- 
/First  $4,000  .     

8 

\Balanceover$4,000_. 
[First  $4,000.-.     

13  8 

]  Second  $4,000 

[Balance  over  $8,000.. 
(First  $4.000...   

13  6 

■^ Second  $4.000 

iBalance  over  $8,000.- 
nFirst  $4,000- - 

135 

•^Second  $4.000-- 

(Balance  over  $8,000- 
( First  $4,000 

135 

■  Second  $4,000 

iBalance  over  $8,000. 
(First  $4,000-.       

13  1<  4 

•^  Second  $4,000 

(Balance  over  $8,000-. 
(First  $4.000 

135 

{Second  $4.000 

U  Balance  over  $8,000-- 
fFirst  $4,000 

135 

13  8 

IBalance  over  $4,000.. 

2,500 

1,000 

400 

All 

4 

/      1, 000 

\  16  1, 000 

1,000 
16  1,000 

(12) 
(12)  (16) 

134 

1"  10 

83167—38 10 


140 


STATISTICS   OF    INCOME 


[Footnotes  for  table  A] 

References  ifi  notes  mean  the  notes  of  this  synopsis. 

'  Required  to  file  income  tax  returns  for  all  income  from  sources  within  the  United  States,  (except  income 
specifically  exempt  bv  law)  regardless  of  amount,  unless  total  tax  has  been  paid  at  source. 

2  (a)  Urider  the  Revenue  Acts  of  1913, 1916,  and  1917,  individuals  were  required  to  file  retxirns  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  agent,  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.  202  of  the  Revenue  Acts  of  1921,  1924,  and  1926,  and  sec.  251 
of  the  Revenue  Act  of  1928  and  subsequent  acts.) 

(d)  For  1925  and  sub?equent  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  e.xempt  earned  income,  equals 
or  excee  Is  $i.OO;J;  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  aiiply  to  amounts  paid  by  the  United  States  or  any  agency  thereof.  (See  sec.  116  (a). 
Revenue  Act  of  1932  and  subsequent  acts.)  'J'he  compensation  of  resident  alien  employees  of  foreign  gov- 
ernments is  excluded  from  gross  income  under  certain  conditions.  (See  sec.  116  (h),  Revenue  Act  of  1936, 
which  subsection  (h)  was  added  to  sec.  116,  Revenue  Act  of  1934  by  Public,  No.  374,  74th  Cong.,  and  which  is 
retroactive,  subject  to  the  statutory  period  of  limitaton.) 

3  Not  applicable  to  citizens  deriving  a  large  portion  of  their  gross  income  from  sources  within  a  posse.ssion 
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  contrbuting  to  the  prosecution  of  the  war  is  included  to 
a  reasonable  amount  in  business  deductions,  1918  through  1921. 

(b)  Contributions  to  charitable  and  scientific  organizations,  etc.,  not  exceeding  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,  exceiUing 
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  12^  percent  of  the  loss.  (See  table  C,  p.  145  )  For 
the  years  1932  and  1933  losses  from  sales  or  exchanges  of  stocks  or  bonds  (other  than  capital  assets  held  for 
more  than  2  years,  and  other  than  bonds  issued  by  a  government  or  political  subdivision  thereof)  are  allowed 
only  to  the  extent  of  the  gains  from  such  sales  or  exchanges.  The  Revenue  Act  of  1932  provides  that  any 
excess  loss  thus  disallowed,  computed  without  regard  to  any  losses  sustained  during  the  preceding  tax- 
able year,  is,  to  an  amount  not  in  excess  of  the  taxpayer's  net  income  for  the  taxable  year,  considered  as 
loss  sustained  in  the  succeeding  taxable  year  from  sales  or  exchanges  of  stocks  or  bonds  other  than  capital 
assets.  (See  sec.  23  (r)  (2),  Revenue  Act  of  1932.)  However,  section  218  (b)  of  the  National  Industrial 
Recovery  Act  repeals,  effective  as  of  Jan.  1,  1933,  section  23  (r)  (2)  of  the  Revenue  Act  of  1932,  thereby  limit- 
ing the  application  of  losses  from  the  sale  or  exchange  of  stocks  or  bonds  Mother  than  capital  assets)  to  gains 
from  similar  transactions  during  the  same  taxable  year  and  prohibiting  the  carrying  forward  and  application 
of  such  losses  to  gains  from  similar  transactions  in  the  succeeding  taxable  year.  Under  the  Revenue  Act  of 
1932,  the  limitation  on  the  deduction  of  losses  from  sale  or  exchange  of  stocks  or  bonds  does  not  apply  to 
persons  dealing  in  securities  or  carrying  on  the  banking  business.  (See  sec.  23  (r)  (3),  Revenue  Act  of  1932.) 
However,  section  218  (c)  of  the  National  Industrial  Recovery  Act  amends,  effective  as  of  Jan.  1,  1933,  section 
23  (r)  (3)  of  the  Revenue  Act  of  1932,  by  removing  the  exemption  from  the  stock-loss  limitation  allowed  to  per- 
sons carrying  on  the  banking  business,  thereby  limiting  the  application  of  losses  from  the  sale  or  exchange  of 
stocks  or  bonds  (other  than  capital  assets)  to  gains  from  similar  transactions  and  prohibiting  the  use  of  such 
losses  to  reduce  income  from  other  sources.  Section  218  (d)  of  the  National  Industrial  Recovery  Act  also 
amends,  effective  as  of  Jan.  1,  1933,  section  182  (a)  of  the  Revenue  Act  of  1932  by  removing  the  privilege  of 
individual  members  of  a  partnership  to  reduce  their  individual  net  incomes  by  their  proportionate  shares 
of  a  net  loss  incurred  by  the  partnership  through  the  sale  or  exchange  of  stocks  or  bonds  (other  than  capital 
assets).  By  the  Revenue  Act  of  1934  the  definition  of  c;ipital  assets  is  broadened  to  include  all  property 
held  by  taxpayer,  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 


STATISTICS    OF   INCOME  141 

or  trade.  The  same  provision  is  contained  in  the  Revenue  Act  of  1936,  so  that  for  1934  and  subsequent  years 
capital  losses  are  computed  on  the  basis  of  certain  percentages  which  vary  according  to  the  period  for  which 
assets  have  been  held,  and  deduction  of  capital  losses  (after  the  percentages  are  applied)  is  limited  to  $2,000 
after  subtracting  gains  from  such  sales  (such  dediction  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,  pp.  144-145.) 
The  Revenue  Acts  of  1934  and  1936  allow  losses  from  wagering  transactions  only  to  the  extent  of  the  gains 
from  such  transactions,  and  deny  deductions  for  losses  from  sales  or  exchanges  of  property,  directly  or  indi- 
rectly, between  members  of  a  family  and  (except  in  case  of  distributions  in  liquidation")  between  an  indi- 
vidual 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  Acts  of  1934  and  1936.) 

(d)  Net  loss  for  prior  year  resulting  from  the  operation  of  any  trade  or  business  regularly  carried  on  by 
the  taxpayer:  In  the  case  of  a  net  loss  for  any  taxable  year  beginning  after  Oct.  31,  1918,  and  ending  prior 
to  Jan.  1,  1920,  the  Revenue  Act  of  1918  provides  for  the  deduction  of  such  loss  from  net  income  of  the  pre- 
ceding year,  a  redetermination  of  taxes  for  the  preceding  year  being  made.  When  the  net  loss  exceeds  the 
net  income  for  the  preceding  year,  the  amount  of  such  excess  is  to  be  deducted  from  the  net  income  of  the 
succeeding  taxable  year.  The  Revenue  Acts  of  1921  through  1928  provide  that  net  loss  in  any  year  begin- 
ning after  Dec.  31,  1920,  may  be  deducted  from  the  net  intome  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, 
effective  as  of  Jan.  1,  1933,  sections  23  (i)  and  117  of  the  Revenue  Act  of  1932,  thereby  removing  the  privilege 
of  deducting  from  the  net  income  for  the  current  taxable  year  a  net  loss  for  the  preceding  taxable  year. 
There  is  no  provision  in  the  Revenue  Act  of  1934  or  subsequent  acts  for  deduction  of  net  loss  for  prior  year.' 

«  Net  income  subject  to  normal  tax  is  all  net  income  after  deducting  the  sum  of: 

(o)  Personal  exemption. 

(b)  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  lax  upon  which  has  been  paid  or  withheld  for  payment  at  the  source  of  income  for  the 
years  1913  through  1917. 

CO  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  instrumentalities 
of  the  United  States,  as  defined  in  section  25  (a)  (3),  Revenue  Act?  of  1934  and  1936. 

(g)  Credit  of  10  percent  of  the  amount  of  the  earned  net  income,  but  not  in  excess  of  10  percent  of  the  entire 
net  income,  for  1934  and  subsequent  years.     (See  table  C,  p.  145.)     (See  note  13.) 

'  No  provision  for  head  of  family  in  Revenue  Act  of  1913.  E.xemption  prorated  for  period  Mar.  1  through 
Dec.  31, 191.3. 

'  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. 

'"  Tax  for  1923  reduced  25  percent  by  credit  or  refund  under  section  1200  (a)  of  the  Revenue  Act  of  1924. 

11  For  net  incomes  in  excess  of  $5,000,  personal  exemption  is  $2,000. 

12  For  1922  and  subsequent  years,  if  nonresident  alien  is  resident  of  contiguous  country  (Canada  or  Mex- 
ico), $400  credit  allowed  for  each  dependent. 

13  For  1922  through  1933,  alien  residents  of  contiguous  countries  (Canada  or  Mexico)  on  net  income  attribu- 
table 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  note  16.) 

i<  See  Joint  Resolution  of  Congress,  No.  133,  approved  by  the  President  Dec.  16,  1929,  reducing  rates 
of  income  tax  for  1929. 

15  See  note  5  (r)  and  (d). 

1'  For  1936,  nonresident  alien  individuals  not  engaged  in  trade  or  business  within  the  United  States  and 
not  having  an  office  or  place  of  business  therein  at  any  time  within  the  taxable  year  are  not  allowed  any 
deductions  or  credits  but  are  taxed  upon  the  gross  amount  of  fixed  or  determinable  annual  or  periodical 
income  from  sources  within  the  United  States  (capital  net  gains  not  included)  at  the  rate  of  10  percent, 
except  that  such  rate  shall  be  reduced  in  the  case  of  a  resident  of  a  contiguous  country,  to  such  rate  (not 
less  than  5  percent)  as  may  be  provided  by  treaty  with  such  country.  The  10  percent  tax  is  in  lieu  of  the 
normal  tax  and  surtax  imposed  by  sections  11  and  12,  Revenue  Act  of  1936.  Nonresident  aliens  who  at  any 
time  within  the  taxable  year  are  engaged  in  trade  or  business  within  the  United  States  or  have  an  office  or 
place  of  business  therein  are  allowed  the  deductions  and  credits  provided  by  sections  213  and  214,  Revenue 
Act  of  1936,  and  are  subject  to  the  normal  tax  of  4  percent  and  the  graduated  surtax  upon  their  net  income 
from  all  sources  within  the  United  States. 


142 


STATISTICS    OF    INCOME 

B. — Individual  surtax  rates  and  total  surtax 


Net  income  ' 

Revenue  Act 

1913 

1916 

1917 

1918 

1921 

Exceed- 

Equal- 

On incomes  for 

On  incomes  for 

On  incomes  for 

On  incomes  for 

On  incomes  for 

ing 

ing 

Mar 

.  1,  1913, 

1916 

1917 

1918 

1919,  1920, 

1922,  1923  2 

through  Dec. 

and  Act  of  1921 

3 

.  1915 

on  incomes  for 

1921 

Rate 

Rate 

Rate 

Rate 

Rate 

Thousands  of 

(per- 

Total 

(per- 

Total 

(per- 

Total 

(per- 

Total 

(per- 

Total 

dollars 
4      1       a 

cent) 

surtax 

cent) 

surtax 

cent) 

surtax 

cent) 

surtax 

cept) 

surtax 

5 

6 

7.5 

8 
10 
12 
12.5 
13 
14 
15 
16 
18 
20 
22 

1 
2 
2 
3 
3 
4 
4 
4 
5 
5 
5 
8 

$io" 

25 
35 

75 
135 
150 
170 
210 
250 
300 
400 
500 
660 

1 
2 
2 
3 

4 

5 
5 
5 
6 
6 

8 
9 

$io" 

40 
50 
110 
190 
215 
240 
290 
350 
410 
550 
710 
890 

6 

1 
1 
2 
3 
3 
3 
4 
4 
5 
6 
8 

$15' 

20 

40 

80 

95 

110 

140 

180 

220 

320 

440 

600 

7-  5 

g 

10 

12 

12.5 

13 

14 

15 

16 

18 

20 

$20" 

.$26' 

22 

24 

40 

40 

8 

820 

10 

1,090 

9 

780 

24 

26 

60 

60 

8 

980 

11 

1,310 

10 

980 

26 

28 

80 

80 

8 

1,140 

12 

1,550 

11 

1,200 

28 

30 

100 

100 

8 

1,300 

13 

1,810 

12 

1,440 

30 

32 

120 

120 

8 

1,460 

14 

2,090 

13 

1,700 

32 

34 

140 

140 

8 

1,620 

15 

2,390 

15 

2,000 

34 

36 

160 

160 

8 

1,780 

16 

2,  710 

15 

2,300 

36 

38 

180 

180 

8 

1,940 

17 

3,050 

16 

2,620 

3S 

40 

200 

200 

8 

2,100 

18 

3,410 

17 

2,960 

40 

42 

220 

2 

240 

12 

2,340 

19 

3,790 

18 

3,320 

42 

44 

240 

2 

280 

12 

2,580 

20 

4,190 

19 

3,700 

44 

46 

260 

2 

320 

12 

2,820 

21 

4,610 

20 

4,  100 

46 

48 

280 

2 

360 

12 

3,060 

22 

5,050 

21 

4,  520 

48 

50 

300 

2 

400 

12 

3,  300 

23 

5,510 

22 

4,960 

50 

52 

2 

340 

2 

440 

12 

3,540 

24 

5,990 

23 

5,420 

52 

54 

9 

380 

2 

480 

12 

3,780 

25 

6,490 

24 

5,  900 

54 

56 

2 

420 

2 

520 

12 

4,020 

26 

7,010 

25 

6,400 

56 

58 

2 

460 

2 

560 

12 

4,260 

27 

7,550 

26 

6,  920 

58 

60 

2 

500 

2 

600 

12 

4,500 

28 

8,110 

27 

7,460 

60 

62 

2 

540 

3 

660 

17 

4,840 

29 

8,  690 

28 

8,020 

62 

64 

2 

580 

3 

720 

17 

5,180 

30 

9,290 

29 

8,600 

64 

66 

620 

3 

780 

17 

5,520 

.■^1 

9,910 

30 

9,200 

66 

68 

2 

660 

3 

840 

17 

5,860 

32 

10,  550 

31 

9,820 

68 

70 

2 

700 

3 

900 

17 

6,200 

33 

11,210 

32 

10,  460 

70 

72 

2 

740 

3 

960 

17 

6,  540 

34 

11,890 

33 

11,  120 

72 

74 

2 

780 

3 

1,  020 

17 

6, 880 

35 

12,  590 

34 

11,800 

74 

75 

2 

800 

3 

1,050 

17 

7,050 

36 

12,950 

35 

12,150 

75 

76 

3 

830 

3 

1,080 

17 

7,220 

36 

13,310 

35 

12,  500 

76 

78 

3 

890 

3 

1,140 

17 

7,  560 

37 

14,  050 

36 

13,  220 

78 

80 

3 

950 

3 

1,200 

17 

7,900 

38 

14,810 

37 

13,960 

80 

82 

3 

1,010 

4 

1,280 

22 

8,340 

39 

15,  590 

38 

14,  720 

82 

84 

3 

1,070 

4 

1,360 

22 

8,780 

40 

16,  390 

39 

15,  500 

84 

86 

3 

1,130 

4 

1,440 

22 

9,220 

41 

17,210 

40 

16,300 

86 

88 

3 

1,190 

4 

1,520 

22 

9,660 

42 

18,  050 

41 

17,  120 

88 

90 

3 

1,250 

4 

1,600 

22 

10,  100 

43 

18,  910 

42 

17,960 

90 

92 

3 

1,310 

4 

1,680 

22 

10,  540 

44 

19,790 

43 

18, 820 

92 

94 

3 

1,  370 

4 

1,760 

22 

10,  980 

45 

20,  690 

44 

19,  700 

94 

96 

3 

1,  430 

4 

1,840 

22 

11,420 

46 

21,610 

45 

20,  600 

96 

98 

3 

1,490 

4 

1,920 

22 

11,860 

47 

22,  550 

46 

21,520 

98 

100 

3 

1,  550 

4 

2,000 

22 

12,  300 

48 

23,510 

47 

22,  460 

100 

150 

4 

3,550 

5 

4,  500 

27 

25, 800 

52 

49,510 

48 

4fi. 460 

150 

200 

4 

5.550 

6 

7,500 

31 

41,300 

56 

77,510 

49 

70,  960 

200 

250 

4 

7,  550 

7 

11,000 

37 

59, 800 

60 

107,  510 

50 

95,  9(10 

250 

300 

5 

10,  050 

8 

15, 000 

42 

80,  800 

60 

137,  510 

50 

12(1,960 

300 

400 

5 

1.5,050 

9 

24,  000 

46 

126,  800 

63 

200,510 

50 

170,960 

400 

500 

20,  050 

9 

33, 000 

46 

172,800 

63 

263,  510 

50 

220.  960 

500 

750 

6 

35,  050 

10 

58, 000 

50 

297,800 

64 

423, 510 

50 

345.  960 

750 

1,000 

6 

50,  050 

10 

83, 000 

55 

435, 300 

64 

583,  510 

50 

470,  9(i0 

1,000 

1,  500 

6 

80,  050 

U 

138,  000 

61 

740,  300 

65 

908,  510 

50 

720,  960 

1,500 

2, 000 

6 

110,050 

12 

198,000 

62 

1, 050,  300 

65 

1,  233,  510 

50 

9'0,  96(1 

2,000 

5,000 

6 

290,  050 

13 

588, 000 

63 

2, 940, 300 

65 

3,  183,  510 

50 

2,  470,  960 

5,000 

6 

13 

63 

65 

50 

1  In  arriving  at  the  net  income  subject  to  surtax  for  1934  and  subsequent  years,  the  sum  of  the  personal 
exemption  and  credit  for  dependents  is  allowed  as  a  credit;  prior  to  19.34  no  such  credit  wis  allowed. 

2  Tax  for  1923  reduced  25  percent  by  credit  or  refund  under  sec.  1200  (a)  of  ihe  Revenue  Act  of  1924. 


STATISTICS    OF    INCOME 
under  the  Revenue  Acts  of  1913  through  1936 


143 


Net  income  ' 

Revenue  Act 

1924 

1926 

1932 

1934 

1936' 

Exceed- 

Equal- 

On incomes  for 

On  incomes  for 

On  incomes  for 

On  incomes  for 

On  incomes  for 

ing 

ing 

1924 

1925, 1926, 1927, 

1932,  1933 

1934,  1935 

1936 

and  Act  of  1928 

on  incomes  for 

1928  through 

1931 

Rate 

Rate 

Rote 

Rate 

Rate 

Thotisr 

nds  of 

(per- 

Total 

(per- 

Total 

(per- 

Total 

(per- 

Total 

(per- 

Total 

dolt 

ars 

cent) 

surtax 

cent) 

surtax 

cent) 

surtax 

cent) 

surtax 

cent) 

surtax 

4 
5 
6 

7.5 
8 
10 

5 

6 

7.5 

8 
10 
12 

4 
4 
5 
5 
6 

$40 
80 
155 
180 
300 
440 

4 
4 
5 
5 
6 
7 

$40 

...... 

80 

1 
1 
2 

$15' 
20 
40 
80 

155 

180 

300 

-. 

$20' 

-- 

$20' 

440 

12 

12.5 

1 

25 

1 

25 

3 

95 

8 

480 

8 

480 

12.5 

13 

1 

30 

1 

30 

3 

110 

8 

520 

8 

520 

13 

14 

1 

40 

1 

40 

3 

140 

8 

600 

8 

600 

14 

15 

2 

60 

2 

60 

4 

180 

9 

690 

9 

690 

15 

16 

2 

80 

2 

80 

4 

220 

9 

780 

9 

780 

16 

18 

3 

140 

3 

140 

5 

320 

11 

1,000 

11 

1,000 

18 

20 

4 

220 

4 

220 

6 

440 

13 

1,260 

13 

1,260 

20 

22 

5 

320 

5 

320 

8 

600 

15 

1,560 

15 

1,560 

22 

24 

6 

440 

6 

440 

9 

780 

17 

1,900 

17 

1,900 

24 

26 

7 

580 

7 

580 

10 

980 

17 

2,240 

17 

2,240 

26 

28 

8 

740 

7 

720 

11 

1,200 

19 

2,620 

19 

2,620 

28 

30 

9 

920 

8 

88C 

12 

1,440 

19 

3,000 

19 

3,000 

30 

32 

10 

1,120 

8 

1,040 

13 

1,700 

19 

3.380 

19 

3,380 

32 

34 

10 

1,320 

9 

1,220 

15 

2,000 

21 

3.800 

21 

3,800 

34 

36 

11 

1,540 

9 

1,400 

15 

2,300 

21 

4,220 

21 

4,220 

36 

38 

12 

1,780 

10 

1,600 

16 

2,620 

21 

4,640 

21 

4,640 

38 

40 

13 

2,040 

10 

1,800 

17 

2,960 

24 

5,120 

24 

5,120 

40 

42 

13 

2,300 

11 

2,020 

18 

3,320 

24 

5,600 

24 

5,600 

42 

44 

14 

2,580 

11 

2,240 

19 

3,700 

24 

6,080 

24 

6,080 

44 

46 

15 

2,880 

12 

2,480 

20 

4,100 

27 

6,620 

27 

6,620 

46 

48 

16 

3,200 

12 

2,720 

21 

4,520 

27 

7,160 

27 

7,160 

48 

50 

17 

3,540 

13 

2.980 

22 

4,960 

27 

7,700 

27 

7,700 

50 

52 

18 

3,900 

13 

3,240 

23 

5,420 

30 

8,300 

31 

8,320 

52 

54 

19 

4.280 

14 

3,520 

24 

5,900 

30 

8,900 

31 

8.940 

54 

56 

19 

4,660 

14 

3,800 

25 

6,400 

30 

9,500 

31 

9,560 

56 

58 

20 

5,060 

15 

4,100 

26 

6,920 

33 

10,  160 

35 

10,  260 

58 

60 

21 

5,480 

15 

4,400 

27 

7,460 

33 

10, 820 

35 

10,  960 

60 

62 

21 

5.900 

16 

4,720 

28 

8,020 

33 

11,  480 

35 

11,660 

62 

64 

22 

6,340 

16 

5,040 

29 

8,600 

36 

12,  200 

39 

12, 440 

64 

66 

23 

6,800 

17 

5,380 

30 

9,200 

36 

12,920 

39 

13,  220 

66 

68 

24 

7,280 

17 

5.720 

31 

9,820 

36 

13,640 

39 

14,000 

68 

70 

25 

7,780 

17 

6,060 

32 

10, 460 

39 

14,  420 

43 

14, 860 

70 

72 

26 

8,300 

18 

6,420 

33 

11,120 

39 

15,  200 

43 

15,  720 

72 

74 

26 

8,820 

18 

6,780 

34 

11,  800 

39 

15. 980 

43 

16,  680 

74 

75 

27 

9,090 

18 

6,960 

35 

12,  150 

42 

16. 400 

47 

17, 050 

75 

76 

27 

9,360 

18 

7,140 

35 

12,  500 

42 

16,  820 

47 

17,  520 

76 

78 

28 

9,920 

18 

7,500 

36 

13,  220 

42 

17,  660 

47 

18, 460 

78 

80 

28 

10,  480 

18 

7,860 

37 

13,  960 

42 

18,  500 

47 

19,400 

80 

82 

29 

11,060 

19 

8,240 

38 

14,  720 

45 

19, 400 

51 

20,420 

82 

84 

30 

11,660 

19 

8,620 

39 

15,  500 

45 

20,  300 

51 

21,440 

84 

86 

31 

12,  280 

19 

9,000 

40 

16,  300 

45 

21,  200 

51 

22,  460 

86 

88 

31 

12. 900 

19 

9,380 

41 

17, 120 

45 

22, 100 

£1 

23,  480 

88 

90 

32 

13,  540 

19 

9,760 

42 

17,  960 

45 

23,000 

51 

24,  600 

90 

92 

33 

14,  200 

19 

10,  140 

43 

18,  820 

50 

24, 000 

55 

26,  600 

92 

94 

34 

14,  880 

19 

10,  520 

44 

19,700 

50 

25, 000 

55 

26,  700 

94 

96 

35 

15,  580 

19 

10,  900 

46 

20,  600 

50 

26.  000 

55 

27,  800 

96 

98 

36 

16.  300 

19 

11,  280 

46 

21,  520 

50 

27, 000 

55 

28,900 

98 

100 

36 

17,020 

19 

11.660 

47 

22,  460 

50 

28, 000 

55 

30, 000 

100 

150 

37 

35.  520 

20 

21, 660 

48 

46,  460 

52 

54, 000 

58 

59,000 

150 

200 

37 

54,  020 

20 

31,660 

49 

70, 960 

53 

80,500 

60 

89, 000 

200 

250 

38 

73.  020 

20 

41,  660 

50 

95,  960 

54 

107,  500 

62 

120, 000 

250 

300 

38 

92,  020 

20 

51,  660 

50 

120,  960 

54 

134,  500 

64 

152, 000 

300 

400 

39 

131,020 

20 

71,  660 

51 

171,  960 

55 

189,  5C0 

66 

218, 000 

400 

500 

39 

170, 020 

20 

91,  660 

52 

223,  960 

66 

245,  600 

68 

286, 000 

500 

750 

40 

270.  020 

20 

141,  660 

53 

356. 460 

57 

388,000 

70 

461, 000 

750 

1,000 

40 

370, 020 

20 

191,  660 

54 

491, 460 

58 

533, 000 

72 

641, 000 

1,000 

1,500 

40 

570, 020 

20 

291,660 

55 

766,  460 

59 

828, 000 

73 

1, 006, 000 

1,500 

2.000 

40 

770,  020 

20 

391,660 

55 

1,041,460 

59 

1,  123, 000 

73 

1,371,000 

2,000 

5,000 

40 

1,  970.  020 

20 

991,  660 

55 

2,  691,  460 

59 

2, 893, 000 

74 

3,  591, 000 

5,000 

40 

20 

55 

59 

75 

'  Not  applicable  to  all  nonresident  alien  individuals.    See  note  16,  p.  142. 


144 


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  I  from  business  hav- 
ing no  invested  capital. 
Net    income   from    business 
having  invested  capital ;2 
Net  income  equal  to  15 
percent  of  invested  cap- 
ital less  deduction. 3 
Net  income  in  excess  of  15 
percent  of  invested  cap- 
ital but  not  in  excess  of 
20  percent  of  invested 
capital. 
Net  income  in  excess  of  20 
perce  jt  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 
1936 

1917 

1918, 1919, 

1920 

1921 
1922, 1923  6 

1924 
1925, 1926, 

1927 
1928, 1929, 
1930, 1931 
1932, 1933 

1934, 1935 
1936 

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. 5 

Do. 

Do. 

Do. 

Do. 

Do.7 

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  income. 

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  more  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,  of  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  arc  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.) 

6  Tax  for  1923  reduced  25  percent  by  credit  or  refund  under  section  1200  (a)  of  the  Revenue  Act  of  1924. 

~  For  1932  and  subsequent  years,  the  taxpayer  may  elect  to  credit  the  income  and  profits  taxes  paid  to 
foreign  countries  or  United  States  possessions  (with  certain  limitations)  against  the  income  tax  liability  to 
the  United  States,  or  to  include  the  entire  amount  of  such  taxes  in  deductions  against  gross  income.  (See 
sees.  131  and  23  (c)  (2),  Revenue  Act  of  1932  and  subsequent  acts.) 

*  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  a'lset  was  held  not  over  1  year. 
80  percent  if  capit'il  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   Il^COME 
and  tax  credits,  under  the  Revenue  Acts  of  1917  through  1936 


145 


Capital  gains  and  losses 

Rev- 
enue 

Income 
year 

Definition 
of  capital 

Tax  on  capital  net  gain 

Tax  credit  on  capital  net  loss 

Act 

assets 

1921 

1922, 1923  6 

Assets 

Taxpayer  may  elect  to  be  taxed 

None.    Capital   net   loss  is  de- 

held over 

at   12,1 2  percent  on   capital  net 

ductible  from  ordinary  income. 

2  years. 

gain,    provided    that    the    total 
tax,  including  the  tax  on  capital 
net  gain,   is  not  less  than   1232 
percent  of  the  total  net  income. 
(Loss    in    ordinary   net    income 
cannot  he  deducted  from  capital 
net  gain.) 

1924 

1924 

...do.. 

Taxpayer  may  elect  to  be  taxed 
at   1232  percent  on   capital  net 
gain,  if  the  tax  would  be  greater 
than  123'2  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  123 -^  percent.) 

Capital  net  loss  may  be  reported 
apart   from   ordinary   net   in- 
come, and  a  tax  credit  of  12)4 
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  income. 

1926 

1925,  1926, 
1927 

...do. 

Same  as  1924  Act               .... 

Same  as  1924  Act. 

1928 

192S,  1929, 
1930, 1931 

...do 

do 

Do. 

1932 
1934 

1932, 1933 
1934, 1935 

...do 

do 

Do. 

]A11   prop- 

Taxable  gains,  and  losses  are  com- 

None.   (See    preceding    column 

\  erty  held 

puted  on  basis  of  certain  percent- 

for deduction  of  capital  losses. 

1936 

1936 

I  by  tax- 
payer, 
whether 
0  r   n  0  t 
connect- 
ed with 
trade    or 
business, 
regard- 
less  of 
period 
held.8 

ages  '  which   vary  according  to 
period  for  which  assets  were  held. 
Capital  net  gains,  after  the  per- 
centages   are    applied,    are    in- 
cluded  in   net  income   and   are 
subject  to  normal  tax  and  surtax. 
Deduction  for  capital  losses,  after 
the   percentages  are  applied,   is 
limited  to  $2,000  after  subtracting 
gains  from  such  sales  (such  de- 
duction not  to  exceed  the  final 
net  loss  from  such  sales  after  the 
percentages  are  applied). 

Credit  on  earned  net  income 


Rev- 
enue 

Act 

Income 
year 

Kind  of 
credit 

Earned  net  income  subject  to  tax 
for  computation  of  credit 

Limit  of  credit 

1924 

1924 

Against 

All  net  income  up  to  $5,000  whether 

25    percent    of   normal    tax    on 

tax. 

earned  or  not,  and  up  to  $10,000, 
if  earned. 

earned  net  income.  (Cannot 
exceed  25  percent  of  normal 
tax  on  ordinary  net  income.) 

1926 

1925, 1926, 

...do 

All    net    income    up    to    $5,000, 

25  percent  of  total  tax  on  earned 

1927 

whether  earned  or  not,  and  up 
to  $20,000,  if  earned. 

net  income.  (Cannot  exceed 
the  sum  of  25  percent  of  normal 
tax  on  ordinary  net  income 
and  25  percent  of  surtax  on 
earned  net  income.) 

1928 

192S, 1929, 
1930, 1931 

...do 

A.\\    net    income    up    to    $5,000, 
whether  earned  or  not,  and  up  to 
$30,000,  if  earned. 

Do. 

1932 
1934 

1932, 1933 
1934, 1935 

Against 

All  net  income  up  to  $3,000,  whether 

10  percent  of  the  earned  net  in- 

1936 

1936 

<  net   in- 

earned  or  not,  and  up  to  $14,000, 

come,  but  not  in  excess  of  10 

l  come. 

if  earned. 

percent  of  the  entire  net  in- 
come. 

146 


STATISTICS    OF    IXCOME 


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STATISTICS    OF   INCOME 


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148 


STATISTICS    OF    INCOME 


-Gift  tax  rates,  total  gift  tax,  specific  exemption,  exclusions  and  deductions  under 
the  Revenue  Acts  of  1924,  1932,  and  1932  as  amended  by  1934  and  1935.^ 


Revenue  Act 

1924 

1932  2 

1932  s 

1932' 

Net 

gifts 

as  amended  by  1926 

as  amended  by  1934 

as  amended  by  1935 

In  effect  June  2, 
1924,  through 
Dec.  31,  1925 

In  effect  June  6, 
1932.  through 
Dec.  31,  1934 

In  effect  calendar 
year  1935 

In  effect  calendar 

year  1936  and 
subsequent  years 

Exceeding 

Equaling 

Rate 
(per- 
cent) 

Amount 
of  Tax 

Rate 
(per- 
cent) 

Amount 
of  Tax 

Rate 

(per- 
cent) 

Amount 
of  Tax 

Rate 
(per- 
cent) 

Amount 
of  Tax 

$10,  000 
20, 000 

1 

1 

$!00 
200 

$75 
225 

IM 

$75 
225 

132 
3 

$150 

,$i6,'6o6" 

450 

20,  000 

30.  000 

1 

300 

2H 

450 

2H 

450 

4.4 

900 

30.  000 

40.  000 

1 

400 

3 

750 

3 

750 

6 

1,500 

40, 000 

50. 000 

1 

500 

iH 

1,125 

ZH 

1,125 

732 

2,250 

50,  000 

70.  000 

2 

900 

5 

2,125 

5H 

2,175 

9 

4,050 

70,  ono 

100.000 

2 

1.500 

5 

3,625 

^M 

4,200 

1032 

7,200 

100,000 

150.000 

2 

2,500 

6,1.; 

6.875 

9 

8,700 

12»i 

13,  575 

1.50,000 

200, 000 

3 

4,000 

632 

10, 125 

9 

13.  200 

\2}i 

19,950 

200. 000 

250. 000 

3 

5.  .500 

8 

14, 125 

12 

19,  200 

15 

27, 450 

250,  000 

400. 000 

4 

11,500 

8 

26, 125 

12 

37,  200 

15 

49, 950 

400,  000 

450.  000 

4 

13,  500 

Q'A 

30, 875 

14M 

44,  325 

17^ 

58,  575 

4.'i0,  000 

fiOO,  000 

6 

22,  500 

9H 

45,  125 

1434 

65.  700 

17^ 

84. 450 

fiOO.  000 

750, 000 

6 

31.. 500 

11 

61, 625 

16M 

90,  450 

193-2 

113,700 

7.50, 000 

800, 000 

8 

35,  500 

11 

67, 125 

163^ 

98,  700 

193/2 

123,450 

800,000 

1,000,000 

8 

51,  500 

12H 

92, 125 

18Ji 

136,  200 

21'/i 

166, 950 

1, 000, 000 

1,  500, 000 

10 

101,  500 

14 

162,  125 

21 

241,  200 

24 

286, 950 

1,  500. 000 

2,  000, 000 

12 

161,. 500 

153-2 

239,  625 

2314 

357,  450 

26^ 

418,  200 

2, 000. 000 

2,  500,  000 

14  1       231,500 

17 

324,  625 

253/2 

484, 950 

2832 

560,  700 

2,  500, 000 

3,  000,  000 

14 

301,  .500 

183^-2 

417,  125 

27M 

623,  700 

30^ 

714,450 

3, 000, 000 

3,  500, 000 

16 

381,  500 

20 

517,  125 

30 

773,  700 

33 

879,  450 

3,  500.  000 

4,  000,  000 

16 

461,  500 

213-2 

624, 625 

3214 

934.  950 

3514 

1,055,700 

4, 000.  000 

4,  500,  000 

18 

551,500 

23 

739,  625 

34;^ 

1, 107,  450 

373--2 

1,  243,  200 

4.  500, 000 

5, 000, 000 

18 

641,500 

243-2 

862, 125 

36 

1,  287,  450 

39?4 

1,441,950 

5,  000, 000 

fi,  000,  000 

20 

841,500 

26 

1, 122,  125 

37J.^ 

1,  662,  450 

42 

1,  861,  950 

fi.  000, 000 

7, 000, 000 

20 

1,041,500 

2732 

1,397,125 

39 

2,  052,  450 

441^ 

2, 304,  450 

7, 000, 000 

8,  000, 000 

20 

1,241,500 

29 

1,687,125 

401-2 

2,  457, 450 

\b% 

2,761,9.50 

8,  000,  000 

9,  000, 000 

22 

1,461,500 

303^ 

1,992,125 

42 

2, 877,  450 

i7H 

3.  234.  450 

9,  000,  000 

10.  000,  000 

22 

1,  681,  500 

32 

2,312,125 

43M 

3,  312,  450 

im 

3.721,950 

10, 000.  one 

20.  000. 000 

25 

4,  181,  500 

333i2 

5,  662,  125 

45 

7, 812,  450 

50}4 

8,  746,  950 

20. 000,  000 

50.  000,  000 

25 

11,681,500 

3332 

15,  712,  125 

45 

21,  312, 450 

5\H 

24,271,950 

50,  000,  000 

25 

33' ■; 

45 

523^ 

Revenue  Act 

Specific  exemption,  ex 

elusions  and  deduct 

ons 

1924  as  amen 

ded  by  1926.. 

Specific  exemption: 

Resident:  $50,000  each  calendar  ye 

Nonresident:  None. 
Gifts  to  individuals  not  in  excess  of  $5( 
Previously  taxed  property  and  charita 

ar. 

)0. 

ble,  etc.  gifts. 

1932  and  1932 

as  amended 

Specific  exemption: 

by  1934. 

Resident  or  citizen:  $50,000  allowe 
or  over  a  period  of  years  at  optio 

Nonresident  alien:  None. 
Exclusion  of  $5,000  for  each  donee  (exc 
Charitable,  public,  and  similar  gifts. 

i  but  once;  may  be  t 
n  of  donor. 

apt  future  interests). 

aken  all 

in  one  year 

1932  as  amen 

ded  by  1935.. 

Specific  exemption: 

Resident  or  citizen:  $10,000  allowe 

i  but  once;  may  be  t 

aken  all 

in  one  year 

or  over  a  period  of  years  at  optio 

n  of  donor. 

Nonresident  alien:  None. 

Exclusion  of  $5,000  for  each  donee  (exc 

2pt  future  interests). 

Charitable,  public,  and  similar  gifts. 

1  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  yeai 
and  preceding  years  over  tax  computed  on  aggregate  sum  of  net  gifts  for  preceding  years. 


INCOME-TAX  FORMS 


149 


FACSIMILES  OF   INDIVIDUAL   INCOME  TAX  RETURNS  AND 
PARNERSHIP  RETURN  OF  INCOME  FOR  1936 


Form  1040.  Individual  income  tax  return  for  net  incomes  from  sal- 
aries or  wages  of  more  than  $5,000  and  incomes  from  business,  pro- 
fession, 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. 

151 


152 


STATISTICS   OF   INCOME 


RETURN   FORM   MARKED  "DUPLICATE"  MUST  BE  FILED  WITH  THIS  ORIGINAL  RETURN 


INDIVIDUAL  INCOME  TAX  RETURN 

FOR  NET  INCOMES  FROM  SALARIES  OR  WAGES  OF  MORE  THAN  55,000 
AND  INCOMES  FROM  BUSINESS,  PROFESSION,  RENTS,  OR  SALE  OF  PROPERTY 

For  Calendar  Year  1936 

or  6»:«1  y«r  begun 1936.  and  ended 1937 

Do  Not  Write  in  These  Spaces 

(Au<UU»*a  StufiF) 

Oxte 

SerUr 

Number  

Dutnd  

(CuU.r-«  sump) 

RIc  Tbii  Retuni  Net  Utti  Thu  the  tSlb  Dij  of  tbe  TWd  Moolb  FoDowiat  Ibe  CIok  bT  llw  Ttuble  Ytc 

PRINT  NAME  AND  ADDRLSS  PLAINLY  BELOW  {Sw  lustrvciion  2S) 

Cth          Check          M.O.         Cmrt.<JtnA. 

(Siroct  and  Dumber,  or  rural  route) 

(Post  office)                                        (Counij-)                                        (Sunt] 

s 

7.  BowiiuDvdvpeiidot 


1 ,  Salaries,  Wages,  Commissions,  Fees,  etc. 


2.  Net  Profit  (or  Loss)  from  Bubid- 


r  Profession.     (From  Ecbedul 


y     3.  IntercBt  on  Bank  Deposits,  Notea,  Corporation  Bonds,  etc.  (except  interest  o 


bonds). 


(AIL 


(Atlscti 


irbiisUieM).. 


.  Interest  on  Tax-free  Covenant  Bonds  Upon  Which  a  Tax  was  Paid  at  Sour 
.  Taxable  Interest  on  GovcrnmeDt  obligations,  etc.     (From  Scbwlule  D,  Lino  (s)) . 

.  Dividends.     (From  Schedulo  E)  — „ 

,  Income  (or  Losa)  from  Partnerships,  Syndicates,  Pools,  etc.     iFuroisboBroB.iK 

.  Income  from  Fiduciaries.     (Famish  name  Md  adilress) - 

.  Rents  and  Royalties.     (From  achedulaB) 

.  CapitAl  Gain  (or  Loss).      (From  EthoduJo  C)    (1  f  capiial  low,  tbli  cmount  may  not  cic«d  82.000) _ 

.  Other  looome.      (State  Dstuic)    (rrsftpsialescbedule.  if  necessary).- 

Total  Income  in  Items  1  to  11 -- 

DEDUCTIONS 

.  Interest  Paid.      (EipUlD  in  Schedule  F) 

.  Taxes  Paid.      (Eiplaln  lo  Schedule  F) 

,  Losses  by  Fire,  Storm,  etc.     (Explain  is  table  at  root  or  pace  3) 

.  Bad  Debts  (including  bonds  determined  to  be  worthless  during  taxable  year).     (Explain  in  EcbednJeF)- 

.    Contributions.      (Explain  In  Sctcdule  F) 

s  Authorized  by  Law  (including  stock  determined  to  be  worthlcsa  during  t&xablc  year). 


(Explain  Id  S 

Tota: 


eF).. 


Dedcctions  m  Itemb  13  ' 


.  18.. 


COMPUTATION  OF  TAX     (See  Instruclion  23) 


,  Net  income  (Item  20  above).... 

Less:  Personal  exemption 

Credit  for  Dependents. 


24.  Balance  (Surtax  net  1 


(See  Instruction  22). 
,  Bftlanco  subject  to  normal  tax, IS-. 


J I.. 


23.  Normal  tax  (4%  of  Item  27) 

29.  Surtax  on  Item  24.     (See  loEtruction  23).. 

30.  Total  tax.     (Item  28  plus  Item  29) 

31.  Less;  Income  (at  paid  at  source  ( 


otit. 


i4).. 


32. 


o[  Tai.    (Item  30  minus  Items  31  and  32).. 


AFFIDAVIT    (See  Instruction  27) 


isued  thereunder. 
Subscribed  and  sworn  to  by  before 


t  of  mWour 
1  tbe  Regu- 


.  day  of „..,  193... 


A  RETUKN  MADE  BY  AN  AGENT  MUST  SE  ACCOMPANIED  BT  POWER  OF  ATTOIWCT  (Set  laD.n) 


AFFIDAVIT    (See  Instruction  27) 

1/we  BWear  (or  afSrm)  that  I/we  prepared  this  return  for  tte  peraon  or  persons  named  herein  and  that  the  return  (including  ita  accompanying  achedulea  and 
statemcnta,  if  any)  is  a  true,  correct,  and  complete  statement  of  all  the  information  respecting  the  Income  tax  liability  of  the  person  or  persons  for  whom  this 
return  has  tjcen  prepared  of  which  I/wc  have  any  knowledge. 

Subscribed  and  sworn  to  before  me  this day  of _ 193...  — 


STATISTICS   OF   I2iJ"C0ME 


153 


1.  Total  receipts  from  buBincse  o 

Cost  op  Goods  Si 

2.  Labor 

3.  Material  and  supplies 


SCHEDULE  A— PROFIT  fOR  LOSS)  FROM  BUSINESS  OR  PROFESSION  (See  Inrtnictioi 
profession  (etata  kind  of  buainees) „ 


4.  Merchandise  bought  for  sale 

5.  Other  costs  {itemize  below  or  on  separate  sheet) 

6.  Plus  invectory  at  beginning  of  year 

7.  ToTAi,  (Linea  2  to  6) , 

8.  Less  inventory  at  end  of  year 

9.  Net  Cost  op  Goods  Sold  (Line  7  minus  Line  8) 

Enter  "C",  or  "Cor  M", 
vcntories  are  valued  at  cost,  < 


Other  Bceinesb  Deductioks 

10.  Salaries  not  included  as  "Labor"  in  Line  2  (do 

not  deduct  compensation  for  your  services).. 

11.  Interest  on  bu&inees  indebtedness  to  others. 

12.  Taxes  on  business  and  business  property 

13.  losses  (eiplain  in  table  at  foot  of  page) 

14.  Bad  debts  arising  from  salea  or  sen'ices , 

15.  Depreciation,  obsolescence,  and  depletion  (ex- 

plain ia  table  provided  at  foot  of  page) , 

16.  Rent,  repairs,  and  other  espenses  {itemize  be- 

low or  on  separate  sheet) 

17. 


Total  (Lines  10  to  16)_ 

IS.  ToTAl.  DEDncTTOS-a  (Line  9  plus  Line  17) 

19.  Net  Propit  (or  Loss)  (Line  1  minus  Line  18)  (Enter  s 


claimed  on  Lines  5  and  16.. 


SCHEDULE  B— INCOME  FROM  RENTS  AND  ROYALTIES  (See  Instruction  6 

1.   EUfD  or  pEOriKTT 

\tiss 

WbcHEVEB  OEEATEn                 lOOl  Ol  p«t) 

..„». 

a  OrnxE  EzrCNSu 
atemj»  below) 

7.  Nm  Pmonr 
(Eaur  H  Ittm  9^ 

_ _ „ 

$ 

s 

..  ..  $._    

$     

$    

1 

1 

Explanation  of  deductions 





claimed  ia  Column  6— 


SCHEDLXE  C— CAPITAL  GAINS  AND  LOSSES  {From  Sales  or  Eicfaangea  Only)   (See  Instruction  10) 

J,  DisraiPTiow  or 

PROFERTT  *ST> 

Pwjoo  Held 

^.£S. 

EZCBAKt^ED 

4.  08053  g*LM  Price 
(Contract  price) 

§S^^ 

'Masch  1,  iaa 

Bj}§pL 

.O^o.,^ 

M 

■"O-^IS."^— 

(Furalsb  delans)  j 

..  OmhM 

b.  TiMW 

•10)1  year  or  less: 

Mo.  Dav  yt3i 

s..  ._ 

100 

so 

60 
40 

$ ... 

•'»».T»v,^r°°' 

IVer  B^j^s:  "'  "^ 

' 

•(rf>  Oter  S  yeara  but  noi 
ovtx  10  jars: 

•(rt  Ov«  10  ye&n; 

CO  Total  drsB  and  Lobseb  (Enter  net  amount  m  Item  10;  not  In  excess  of  ?2,000.  If  net  amount  Ib  a  capital  loss). 

«             

» 

»' aKh  ported  to  Cdanm  10  kboT«, 

^  dmdeDdA,  oUter  nontuable  dlvldsid^ 


SCHEDULE  D— INTEREST  ON  GOVERNMENT  OBLIGATIONS.  ETC,  (See  Instruction  S) 


— 

AX  End  or  Yua 

Dutaa  TSK  Ycua 

4.  P»inar*L 

ErcHrnoN 

^''o^Tii^oT" 

(a)  Obligations  of  a  State,  Territory,  or  political  subdivision  thereof, 

All      ,   ,    . 
AIL   ...    .-,.. 
All.      .    -_-. 
A1L_      . 
$5,000 

xxxxxx 
xxxxxx 
xxxxxx 
xxxxxx 

$    

XX 
XX 

XXXXXX 
XXXXXX 

xxxxxx 
xxxxxx 

$ 

(6)  Obligations  issued  under  Federal  Farm  Loan  Act,  or  under  such 
Art  M  amenfipri 

(c)  Obliitationfl  of  Umted  Sutcs  issued  on  or  before  September  1, 

1917 „ _ . 

(d)  Treasurv   Notes,  Treasury   BUla,  and  Treasury  Certificates  of 

Indebtedness _ 

•- 

XX 
XX 
XX 

(f)  Obligations  of  imtnimcntalitiea  o"f  the  United  States  (other  than 

* 

~ 

SCHEDULE  E— INCOME  FROM  DITTDENDS 


Itemize  all  dividends  received  during  tbe  year,  stating 


3  and  addresses  of  corporations  declaring  the  dividendB: 


SCHEDULE  F— EXPLANATION  OF  DEDUCTIONS  CLAIMED  IN  ITEMS  I,  13.  14,  1«,  17.  AND  18,  AND  CBEDIT  CLAIMED  IN  ITEM  2» 


EXPLANATION  OF  DEDUCTION  FOR  DEPRECIATION  CLAIMED  IN  SCHEDULES  A  AND  B 


(U  btUldlECS,  ntU-  matMUl 

^,SSL 

1  COSTORHAEfBl.  iei3, 

(Iiidicst«  buis) 

t  AsatTs  PruT               B.  DirMOiTioit 

OS  OTBSa  B.flI9  TO 

7.  Lm  UaxD 
DeruOA- 

a  ZgmtATID 

or  ycx« 

a  Dzmainoif 

ALL0*AaLEtHniY«4» 

» 

.^ 

S. 

EXPLANATION  OF  DEDUCTION  FOR  LOSSES  BY  HRE.  STORM.  ETC..  CLAIMED  IN  SCHEDULE  A  AND  IN  ITEM  IS 

1.  EiKo  or  PioruTT 

1  Dati  Acqcoxd 

ICoft 

4.  SUMIOOCTT 

ImnoriMEtrm 

fi.   DEPBBCUnON 
ALLOW!  ILX  BlNCX 

AcQtnsmoK 

a  Invujn  un> 
B.I.TAOB  Vuns 

7.  Dtoecnau  Urn 

« 

, 

._.. 





154 


STATISTICS   OF   INCOME 


INSTRUCTIONS 

The  InstrucUoas  Nambered  1  to  20  Corre3(>ond  with  the  Item  Numbers  oa  the  First  Page  of  the  Betnrn 


I.  INCOME  FROM  SALARIES.  WAGES.  COMMISSIONS.  ETC. 

Enter  as  Item  1  on  page  1  of  the  return,  all  salaries  or  other  compensation 
credited  byorreceived  fromoutsidesourcea.  Use  a  separate  Une  for  each  eatrj, 
giving  the  information  requested.  -     ,.      ,     • 

Any  amount  claimed  as  a  deduction  for  necessary  expenses  agamst  salaries, 
etc  Guch  as  traveling  expenses,  while  away  from  home  in  the  pursuit  of  a  trade 
or  business,  should  he  fuUy  explained  in  Schedule  F  on  page  2  of  the  return,  or 
OQ  an  attached  sUtement.  Traveling  expenses  ordmorily  include  expenditures 
for  railroad  fares,  meals,  and  lodging. 

2.  PROFIT  (OR  LOSS)  FROM  BUSINESS  OR  PROFESSION 

If  you  owned  a  business,  pr  practiced  a  profess 


■  the  net  profit  (or  loss)  ; 


This  schedule  should  includi 
ucts  of   manufacturing,   mining,   consirucuoi 
eervicc,  euch  as  hotel,  restaurant,  and  garage 
storage,  transportation,  etc.;  and  (c)  Professional 


from:   (a)  Sale  of  meTchandi3 


riculture;    {i)    Busir 


ents,  launderinc, 

as  dentistry,  law. 

a  the  earning  of  which  you  incurred 

e  schedule. — If  you  are  a  farmer  and  keep  no  books  of  account, 
or  keep  t>ooks  on  a  cash  basis,  obtain  from  the  Collector,  and  attach  to  this 
return,  Form  1040F,  Schedule  of  Farm  Income  and  Expenses,  and  enter  the  net 
farm  income  as  Item  2  on  page  1  of  this 

Install 
fngf  (a)  GroBs'salesr'ii-rCosrof 'goods  sold;  (c)  Gross  profits; "(rf)  Percentage  of 
pro6ta  to  gross  sales;  (e)  Amount  collected;  and  {/)  Gross  profit  on  amount 
collected.     {See  Section  44  of  the  Revenue  Act  of  1936.) 

Kind  of  business. — Describe  the  business  or  profession  in 
in  Item  2,  page  1,  as  "grocery",  "retail  clothing",  "drug 
"doctor",  "lawyer",  "farmer",  etc.  ,  ... 

Total  receipts.— Enter  on  Line  1  of  Schedule  A  the  total  receipts,  loss  any 
discounts  or  allowances  from  the  sale  price  or  service  charge. 

Inventories.— If  engaged  in  a  trade  or  business  in  whuh  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, 
which  may  be  valued  at  cost,  or  cost  or  market,  whichever  :s  lower. 

SaJaries.— Enter  on  Line  10  all  salaries  not  included  as     Labor    on  1-me  -, 
except  compensation  for  services  of  yourself,  your  dependent  minor  children, 
of  husband  or  wife  if  a  joint  r 


space  provided 


"is  filed,  which  is  not  deductible. 
.liic.co*.— ^uvw   «^  Line   11   interest  on  business  indebtedness.     Do  not 
Delude  interest  to  yourself  on  capital  invested  in  or  advanced  to  the  busi 


Interest.— Enter  ' 


Taxes. — Enter  c 


i  12  taxi 
Do  not  include  taxes  asses 
increase  the  value  of  the  property 
inheritance,  legacy. 


s  property  or  for  carrying  on  busi- 


J  Scctio 


in  case  a  deduction  is  claimed  on  account  of  depletion  of  mines,  oU  or  gas  wells, 
or  timber,  see  Sections  23  (m),  23  (n),  and  114  of  the  Revenue  Act  of  1936. 

Do  not  claim  any  deduction  for  depreciation  in  the  value  of  a  buadmg  occupied 
by  you  as  a  dweUing,  or  property  held  for  personal  use.  nor  for  land  (exclusive 
of  improvements  thereon),  nor  on  stocks,  bonds,  and  securities. 

Rent,  repairs,  and  other  expenses. — Enter  on  Line  16  rent  on  business  prop- 
erty in  which  you  have  no  equity,  ordinary  repairs  to  keep  the  property  in  a 
usable  condition,  and  other  necessary  business  expenses  not  classified  above, 
euch  aa  heat,  light,  and  fire  insurance.  Do  not  include  rent  for  a  dwelling 
occupied  by  you  for  residential  purposes,  the  cost  of  business  equipment  or 
furniture,  expenditures  for  replacements  or  permanent  improvements  to  prop- 
erty, nor  personal,  living,  or  family  expenses. 

3.  INTEREST  ON  BANK  DEPOSITS,  ETC. 

Enter  as  Item  3  all  interest  received  or  credited  to  your  account  during  the 
taxable  year  on  bank  deposits,  notes,  mortgages,  and  corporation  bonds,  except 
interest  on  bonds  upon  which  a  tax  was  paid  at  the  source.  Interest  on  bonds 
is  considered  income  when  due  and  payable. 

4.  INTEREST  ON  TAX-FREE  COVENANT  BONDS 

Enter  as  Item  4  bond  interest  upon  which  a  tax  was  paid  at  source.  Such 
tax  (2  percent  of  the  interest  eater(;d  in  Item  4)  may  be  claimed  aa  a  credit  in 
Item  31  of  the  return. 

6.  INTEREST  ON  GOVERNMENT  OBLIGATIONS,  ETC. 

Schedule  D  should  be  filled  in  if  you  ov.-n  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  vour  account  during  the  year  on  these  obliga- 
tions, including  your  share  of  such  interest  received  from  a  partnership,  or  an 
estate  or  trust.  ..       . 

Interest  on  all  coupons  falling  due  within  the  taxable  year  T\^U  be  considered 
as  income  for  the  year,  ^\  here  the  books  are  kept  on  a  cash  receipts  and  disbursc- 
mentfi  basis.  If  the  books  arc  kept  on  an  accrual  basis,  report  the  actual  amount 
of  interest  accrued  on  iho  obligations  owned  during  the  taxable  year. 

If  the  obligations  enumerated  on  Line  (e)  are  owned  in  excess  of  the  exemption 
of  S5.000,  or  any  on  Line  CO  are  on-ned  in  any  amount,  Columns  5  and  6  should 
be  filled  in,  and  the  total  of  the  interest  reported  on  Line  ig)  should  be  entered 
fls  Item  5  on  page  1  of  the  return. 

(See  also  Instruction  2-1,  paragraph  (d).) 

6.  DIVIDENDS 

Enter  aa  Item  6  the  total  of  aU  di\-idends  reported  in  Schedule  E. 
7  AND  8.  INCOME  FROM  PARTNERSHIPS.  SYNDICATES.  POOLS,  ETC.. 
AND  FIDUCIARIES 

Enter  as  Item  7  your  share  of  the  profit*  (whether  received  or  not)  (or  of  the 
losses)  of  a  partnership,  syndicate,  pool,  etc.,  and  as  Item  8  income  from  an 
except  that  the  share  of  taxable  iirterest  on  obligations  of  the 


cide 

should  include  in  your  return  your  distributive  share  of  the  net  profits  (or  losses) 
(or  such  accounting  period  ending  within  your  taxable  year. 

9.  INCOME  FROM  RENTS  AND  ROYALTIES 

Fill  in  Schedule  B,  giving  the  information  requested. 

If  you  received  property  or  croiw  in  lieu  of  cash  rent,  report  the  income  M 
though  the  rent  had  been  rcceiveti  in  cash.  Crops  received  as  rent  on  a  crop- 
ahare  basis  should  be  reported  as  income  for  the  yvm  in  which  di5pofted  of  (unless 
your  return  shows  income  accrued) 


wear  and  tear,  or  depletion 

B  table  at  the  foot  of  page  2. 

,  fire  insurance,  fuel,  light,  labor,  and 


,^u,=^^  —^^..^^  v...  -. — incurred  in  the  trade  or  business,  if  not  com- 
pensated for  by  insurance  or  othermse  and  not  made  good  by  repairs  claimed  as 
a  deduction.  Losses  of  business  property  arising  from  fire,  storm,  etc.,  sboj.-i 
be  explained  in  the  table  at  the  foot  of  page  2  of  the  return.  .  .      , 

Bad  debts.— Enter  on  Line  14  debts,  or  portions  thereof,  arising  from  sale?  • 
services  that  have  been  reflected  in  income,  which  have  been  definitely  asr- 
tained  to  be  worthless  and  charged  off  within  the  year,  or  such  reasona. 
amount  as  has  been  added  to  a  reserve  for  bad  debts  within  the  year. 

A  debt  previously  charged  off  as  bad,  if  subsequently  coUectcd,  must  be  re- 
turned as  income  for  the  year  :n  which  collected.  .  ,.      , 

Depreciation.— Enter  on  Line  15  the  amount  claimed  as  depreciation  by  reason 
of  exhaustion,  wear  and  tear  of  property  used  in  the  trade  or  business,  or  as 
obsolescence  or  depletion,  and  explain  in  the  table  at  the  foot  of  page  2  hoj\ 
this  amount  was  determined.  If  obsolescence  is  claimed,  explain  why  the 
useful  life  is  less  than  the  actual  life.  ^     u  l 

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  tt  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  purcha."  "«  s-^f.^^a  7:1 
0),  23  (o).  and  114  of  the  Revenue  Act  of  1936. 


Enter  aa  depreciation  the  am 
sustained  during  the  taxable  ye: 

Other  expenses,  such  as  inter —  .      .  . 
other  necessary  expenses  of  this  character  should  be  itemized. 
10.  CAPITAL  GAINS  AND  LOSSES 

Report  sales  or  exchanges  of  capital  assets  in  Schedule  C  and  enter  the  net 

Item  "10.''^  fcAp'lTAL  U)3SES  ARE  ALLOW  A  BLe' O^Tl  Y^TO  THE  E.X- 
TENT  OF  S2.000  PLUS  CAPITAL  GAINS.  THEREFORE.  IF  THE 
TOT.Kh  AMOUNT  OF  CAPITAL  LOSSES  IS  IN  EXCESS  OF  THE 
TOTAL  AMOUNT  OF  CAPITAL  GAINS.  THE  AMObi^T  TO  BE 
ENTERED  AS  ITEM  10  MAY  NOT  EXCEED  S2,000.)  Describe  the  prop- 
erty briefly,  and  state  the  price  received  or  the  fair  market  value  of  the  property 
received  in  exchange.  Expenses  connected  with  the  sale  or  exchange  may  bo 
deducted  in  computing  the  profit  or  loss. 

If  the  property  sold  or  exchanged  was  acquired  pnor  to  March  1,  1913.  the 
basis  for  determining  GAIN  is  the  cost  or  the  fair  market  value  as  of  March  1, 
1913,  adjusted  as  provided  in  Section  1 13  (b)  of  the  Revenue  Act  of  1936,  which- 
ever is  greater,  but  in  determining  LOSS  the  basis  is  cost  so  adjusted.  (See 
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  bo 
furnished  regarding  the  acquisition  of  the  property. 

Enter  as  depreciation  the  amount  of  exhaustion,  wear  and  tear,  obsolescence, 
or  depletion  ^hich  has  been  allowed  (but  not  less  than  tlie  amount  allocable) 
in  respect  of  such  property  since  date  of  acquisition,  or  since  March  1,  1913,  if 
the  property  was  acquired  before  that  date.  In  addition,  if  the  property  was 
acquired  before  March  1,  1913,  the  cost  shall  be  reduced  by  the  depreciation 
actually  sustained  before  that  date.  , 

Subsequent  improvements  include  expenditures  for  additions,  improvemenls, 
and  repairs  made  to  restore  the  property  or  prolong  its  useful  life.  Do  not 
deduct  ordinary  repairs,  uiterest,  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  vou  have  acquired  substantiaJy  identical  stock  or  securities^ 
within  30  davs  before  or  after  the  date  of  such  sale  or  disposition,  unless  you  aro 
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 
prooertv,  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  tO  per- 
cent 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  brotliers  and  sisters  (whether  by  the  whole  or  half  blood),  spouse,  ancestors, 
and  Ureal  descendants. 

The  provisions  of  the  Revenue  Act  of  1936  relating  to  capital  gains  anc 


k  or  securities  iatbedlstnbutiogcorpoisiioa  pri^r  to  tbe  rcaii^t 
}  Id  dccnniiilDS  lb«  period  for  wblch  tho  t&TpaTcr  bu  held  si 


4  tupijcr  pmnoiij;  (c 


•ecjrhles  tbe  aequLiiloo  ot 


«ciuiiies.  tb«re  stall  b«  mchidcd  tbe  penod  For  n'hicti  be  beld  tte : 
(i)  iimi/otion  on  (apifat  Iojm».— Losses  from  salnfi  or  excbaceos  of  capital  assets  shall  be  allowed  0DI7 

(l>  gaias  or  losses  (rom  jhort  sfiles'ol  properly  sSiU  be  consiJcred  as  galas  or  Iokcs  from  s.ilcs  or  u> 


Notwithstanding  the  provisions  of  Section  117  (a)  above,  100  percent  of  the 
gain  resulting  to  the  distributee  from  distributions  in  liquidation  of  a  corpora- 
tion shall  be  taken  into  account  in  computing  net  income,  except  in  the  case  of 
amounts  distributed  in  complete  liquidation  of  a  corporation.  (See  Section 
115  (c)  of  the  Revenue  Act  of  193G.) 

Section  117  applies  only  to  gains  and  losses  upon  the  sale  or  exchange  of 
capital  assets  and.  therefore,  has  no  application  to  loss  of  useful  value  upon 
the  permanent  abandonment  of  the  use  of  properlj-  or  loss  snslained  as  the 
result  of  corporate  stock  or  debts  becoming  worthless. 

In  the  application  of  Section  117  a  husband  and  wife,  regardless  of  whether 


payers. 


Tiade, 


)  beE 


3  of  the  other  spouse  upon  sales 


ider  Section  117  (d)  on  the  alio' 
■hangcs  of  capital  assets  is  in  all 
be  computed  without  regard  to  gains  and  li 
or  exchanges  of  capita]  assets. 

11.  OTHER  INCOME 

Enter  as  Item  11  all  other  taxable  income  far  which  no  space  is  provided  ou 

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.  7,  9,  and  10. 

13.  INTEREST  PAID 

Enter  aa  Item  13  interest  paid  on  personal  indebtedness  as  distinguished  from 
business  indebtedness  (which  should  be  deducted  under  Schedule  A  or  Bj.  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  taxpa>-cr)  the  interest  upon  which 
is  wholly  exempt  from  taxation. 

14.  TAXES  PAID 

Enter  as  Item  14  personal  taxes  and  taxes  paid  on  property  not  used  in  your 
business  or  profession,  not  including  those  assessed  against  local  bencQ,ts  of  a 
kind  tending  to  increase  the  value  of  the  properly  assessed.  Do  not  include 
Federal  income  taxes,  nor  estate,  inheritance,  legacy,  tuccession.  and  gift  taxes, 
nor  taxes  imposed  upon  your  interest  as  shareholder  of  a  corporation  which  are 
paid  bv  the  corporation  without  reimbursement  from  you,  nor  income  taxes 
claimed  as  a  credit  in  Item  32.  No  deduction  is  allowable  (or  any.  portion  ol 
foreign  income  and  profits  taxes  if  a  credit  is  claimed  in  Item  32. 

Any  deduction  on  account  of  taxes  should  be  explained  in  Schedule  F' 
15.  LOSSES  BY  FIRE.  STORM,  ETC. 

Enter  as  Item  15  losses  of  property  not  connected  with  your  business  or  pro- 
fession, sustained  during  the  vear  if  arising  from  6re,  ctorm,  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  193G.) 

Explain  losses  claimed  in  the  tabic  pro\nded  on  page  2  of  the  return. 

16.  BAD  DEBTS 

Enter  as  Item  16  all  bad  debts  other  than  those  cjiimp:*  as  a  deduction  in 
Schedule  A.     State  in  Schedule  F.  (a)  of  what  the  debts  consisted,  (b)  when  they 
were  created,  (c}  when  they  became  due,  id)  what  efforts  w< 
and  (e)  how  they  were  actuaJIy"detennlDcd'(6  be  worthless. 


E  made  to  collect, 


STATISTICS   OF   INCOME 


155 


17.  CONTRIBUTIONS 

diter  (U  It*m  17  contributions  or  gifts  made  within  the  l*.Table  ycAf  to  any 
«orporatioD,  or  trust,  or  community  chest,  fuod,  or  foundatioo,  org&oiipd  aud 
operated  exclusively  for  religious,  charitable,  scientific,  litcrarv,  or  cduea(ional 
purposes,  or  for  the  prevention  of  cruelty  to  children  or  animals,  no  part  of  the 
net  eamtDCE  of  whicD  inures  to  the  benefit  of  any  private  shareholder  or  indi- 
vidual, and  no  substantiiU  part  of  the  activities  of  which  is  carrnng  on  prcpa- 
gaoda,  or  otherwise  attempting,  to  inSuence  legislation.  The  amount  claimed 
shall  not  exceed  15  percent  of  vour  net  income  computed  *ithoiit  the  benefit  of 
this  deduction.  A  fiduciary  filing  the  return  for  an  estate  may  claim,  in  lieu  of 
thia  deduction,  that  provided  in  Section  162  of  the  Revenue  Act  of  1936.  List 
organixatious  and  amounte  contributed  to  each  in  Schedule  F. 
18,  OTHER  DEDCCnONS 

Enter  as  Item  IS  any  other  authorized  deduclions  for  which  no  space  is 
provided  on  the  return.  Do  not  deduct  losses  incurred  in  transactions  which 
were  neithfr  oonnectod  with  your  trade  or  business  nor  entered  into  for  profit. 
If  the  retom  is  filed  for  an  estate  in  process  of  admini5tration,  there  Bbould  be 
deducted  the  amount  t>f  any  income  paid  or  credited  to  a  beneficiary.  Any 
<leduction  clamicd  fhould  Ije  explained  in  Schedule  F. 

No  deduction  is  allowable  for  the  amount  of  any  item  or  part  thereof  allocable 
to  s  class  of  exempt  income,  other  than  interest.  '  Items  directly  attributable  to 
BUch  exempt  income  shall  be  allocated  thereto,  and  items  directly  attributable 
to  any  class  of  ta\ab!e  income  shall  be  allocated  to  such  taicabie  income-  A 
t&zpajer  receiving  anf  eiempt  income,  other  thsD  ioterest.  or  holding 


it  with  his  return  as  a  part  tfaereol 
ng  (I)  the  amount  of  each  class  of  < 
I  allocated  to  each  each  daas  (the 


from  which  is  exempt  shall 
nized  statement,  in  detail. 
ocome.  and  (2)  the  amount 
Allocated  bj  spportionment 


l>eiDg  shown  separalelf), 

19.  TOTAL  DEDDCnONS  IN  ITEMS  13  TO  18 

Enter  as  Item  19  the  total  of  Items  13  to  IS,  inclusive.     This  amount  should 
not  include  any  deduction  claimed  in  Schedule  A  or  B. 
29.  NET  INCOME 

Enter  as  Item  20  the  net  income,  which  ia  obtained  by  dedocting  Item  19 
from  Item  12,  Tbe  net  income  ehall  be  computed  upon  the  ba^s  of  the  taxable 
year  in  accordance  with  the  method  of  accounting  legiilarly  employed  in  keeping 
your  booLs,  unless  such  method  does  not  clearly  re6ect  your  income. 

2!.  PERSONS  REQIHRED  TO  MAKE  A  BETCRN  OF  INCOME 

An  income  tax  return  must  be  filed  by  every  citizen  of  the  United  States 
whether  residing  at  home  or  abroad,  and  ever>"  person  residing  in  the  United 
Stales  though  not  a  citizen  thereof,  whose  gross  income  for  the  taxable  year 

(6)  $2,500  if  married  and  Uving  with  husband  or  wife; 

(c)    More  than  the  personal  exemption  if  status  of  taxpa^tr  changed. 

If  an  individual  is  single  and  the  net  income,  induding  that  of  dependent 
minors,  if  any,  is  $1,000  or  over,  or  if  the  gross  income  is  S5.000  or  over,  a  return 
must  be  filed.  If  the  combined  net  income  of  husband  and  wife,  and  dependent 
minor  children,  if  any,  is  S2,500  or  over,  or  if  their  comliined  gross  income  is 
S5,000  or  over,  all  such  income  must  be  reported  in  a  joint  Tetum.  or  in  separate 
returns  of  husband  and  wife.  In  case  the  husband  and  wife  elect  to  fiJc  separate 
returns  and  their  combined  net  income  is  S5,000  or  over,  each  shall  make  a 
return  on  Form  1040. 

In  order  Tor  a  jtunt  retom  to  be  filed  by  a  basband  and  wife,  both  sponsea 
must  hare  had  some  income  or  deductions  in  the  year  for  which  the  return  is 
filed  and  the  return  most  include  the  income  and  deductions  of  both  spoa&ea. 
A  joint  relnm  of  hasbard  and  wife  may  be  filed  only  if  they  were  living  to- 
gether at  the  close  of  their  taxable  vear. 

If  the  net  income  of  a  docedent  to  the  date  of  his  death  was  $1,000  or  over, 
if  unmarried,  or  in  excc&s  of  t*e  credit  allowed  him  by  Section  25  (b)  (1)  and  (3) 
©f  the  Revenue  Act  of  1936  (computed  without  regard  to  his  status  as  tbe  head 
cf  a  family),  if  married  and  Uving  with  spouse,  or  if  his  gross  income  for  the 
period  was  $5,000  or  over,  the  executor  or  administrator  shall  mske  a  return 
for  him  on  Form  1040  or  1040A. 

Income  of  (n)  cHtatee  of  decedents  before  final  settlement,  (b)  trusts,  other 
than  revocable  trusts,  whether  created  by  will  or  deed,  is  taxed  to  the  fiduciary 
•aaBioglepcrson.exccpt  that  from  the  income  of  a  decedent's  estate  there  should 
be  deducted  any  amount  properly  paid  or  credited  to  a  beneficiary. 
2t  EARNED  INCOME  CRECIT.  PERSONAL  EXEMPTION,  AND  CREDIT 


FOR  DEPENDENTS 


CrUtotu] 


dof  uctoTS,  a  reasooa 


■  support  U  the  dependent  is  not  uader  IB  ye»n 
_     .         ipersonaleMniptlonorcrftillHordepeDdont^chaneed 

WbM^  a  rctnro  [•  (il^d  on  tbla  lorm  tor  &a  fl8tst«  Id  pnxnss  of  ftdmlnistrat  too,  or  lor  a  trosl,  &&  etcmplioa 
tt  ll,a»  m»j  be  ctauned. 

23.  COMPUTATION  OF  TAX 

Sortax. — The  surtax  oo  any  amount  of  surtax  net  income  not  shown  tn  the 
table  below  is  computed  by  adding  to  tbe  surtax  for  the  largest  amount  shown 
which  is  less  than  the  income,  the  surtax  upon  tbe  excess  over  that  amotmt 
at  the  rate  indicated  in  tbe  table. 

In  the  case  of  a  bona  fide  sale  of  i 
tberein,  the  surtax  on  the  profit  shall  e 
(Se«  Section  105  of  the  Revenue  Act  o 


Amoofit  of  sarUx  not  Income 

^r 

IS 

^^,.^^^ 

IM* 

^ 

A 

B 

c 

A 

B 

c 

lotoUfno 

IBtOOO  W     S88  000 

1 

tiiooa 

i 

J 

fSoOOW      80000 "'" 

83167—38- 


shall  be  based  upon  the  net  income  of  the  estate  or  trust  for  any  taxable  year  of 
the  estate  or  trust  ending  within  his  taxable  year. 

If  tbe  taxable  year  of  a  partner  is  different  from  that  of  tbe  partnership,  the 
distributive  share  of  the  net  income  of  the  partnerEhip  to  be  included  in  com- 
puting the  net  income  of  the  partner  for  his  taxable  year  shall  be  based  upon  the 
net  income  of  the  partnership  for  any  taxable  year  of  the  partnership  ending 
within  the  taxable  year  of  the  partner. 

Income  tax  paid  to  a  foreign  country  or  U.  S.  possession. — If,  in  accordance 
with  Section  131  (aj  of  the  Revenue  Act  of  1936,  a  credit  is  claimed  in  Item  32 
for  income  tax  paid  to  a  foreign  country  or  a  possession  of  the  United  States, 
submit  Form  1116  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  i( 
the  tax  when  paid  differs  from  the  credit  claimed. 

24.  ITEMS  EXEMPT  FROM  TAX  * 

The  following  items  are  exempt  from  Federal  income  tax,  except  where 
otherwise  indicated,  and  should  not  be  included  in  gross  income: 


S'l^K^ 


If  ; 


ate.  TMrttory,  c 


bu  EToss  Income  uDj  ftmount  properly  oUocatle  lo  or  ctiareeable  ocunsL  tbe  u: 

25.  ACCRUED  OB  RECEIVED  INCOME 

■  books  of  account  are  kept  on  the  accrual  basis,  report  all  i 


hough  it  has  not  been  actually  i 
and  expenses  incurred  instead  of  expenses  paid.  If  your  l>ooks  fire  not  kept  on 
tbe  accrual  basis,  report  all  income  received  or  constructively  received,  such  as 
bank  interest  credited  to  Vour  account,  and  expenses  paid.  Ths  return  for  a 
decedent  shall  inchide  all  items  of  income  and  deductions  accrued  op  to  tbfl  date 
of  deatl^  regardless  of  the  fact  that  the  decedent  may  have  kept  his  books  oa 
a  cash  basis. 

Tber 
year  begun  in  1936  and  ended  i 

The  accounting  period  established  must  be  cdhered  to  for  subsequent  years, 
unless  permission  is  received  from  the  Commissioner  to  make  a  change.  An 
application  for  a  change  in  the  accounting  period  shall  be  made  on  Form  1128 
collector  prior  to  the  ^cpiration  of  30  days  from  the  close 

27.  AFTTDAVrrS 

Taxpayer  or  agent. — The  affidavit  must  be  executed  by  the  person  whose 
income  is  reported  or  by  his  legal  representative  or  agent.  The  return  may  be 
made  by  an  agent  (1)  if,  by  reason  of  illness,  the  person  liable  for  the  making 
of  the  return  is  unable  to  make  it,  or  (2)  if  the  taxpayer  is  unable  to  make  the 
absence  from  the  Umted  States  for  a  period  c 


Form  935, 


Form  936  (copies  of 


of  hu£t>aDd  and  wife, 
be  obtained  from  the  collector  of  internal  i 

The  joint  return  of  husband  and  wife  must  be  signed  by  both 


spouses  and  sworn  to  by  the  spouse'preparing — filling  in — thej-etum.    'if  the 
return  is  prepared  by  both  spouses,  or  is  prepared  by  neither  cpouse,  then  both 


except  where  one  spouse  acta  for  tbe  other 


spouses  must  swear  to  the  ret 
spouse  under  a  power  of  attomi 

Where  return  is  prepared  by 
page  1  of  the  return  should  be  answered  fully,  and  where  tbe 
prepared  by  some  person  or  persons,  other  than  tbe  taxpayer,  such  person  or 
persons  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  officer  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  aRent  employed  to 
represent  the  taxpayer  l>efore  the  Department  in  connection  with  hi.s  tax  Ua'bility 
2S.  WHEN  AND  WHERE  THE  RETURN  MUST  BE  FILED 

The  return  must  be  sent  to  the  collector  of  internal  revenue  for  the  district  in 
which  you  live  or  have  your  principal  place  of  business,  so  as  to  reach  the  col- 
lector's office  on  or  before  the  fifteenth  day  of  tbe  third  month  following  the 
close  of  your  taxable  year.  In  case  you  have  no  legal  residence  or  place  of 
business  in  the  United  States,  the  return  should  be  forwarded  to  the  Collector 
of  Internal   Revenue,   Baltimore.    Mar>iand. 

Your  home  or  residential  address  ehooJd  be  ^ven  Ln  the  space  provided 
at  (he  top  of  the  first  page  cf  the  retnm.  If  yon  have  a  permanent  bnsinesB 
address,  that  address  may  be  given  as  the  principal  or  mailing  address,  provided 
that  tbe  complete  home  or  residential  address  is  also  given. 

29.  WHEN  AND  TO  WHOM  THE  TAX  MUST  BE  PAID 

Tbe  tax  should  be  paid,  if  possible,  by  sending  or  briugmg  with  the  return  a 
check  or  money  order  drawn  to  the  order  of  "Collector  of  Internal  Revenue  at 
id  State)."     Do  not  send  cash  by  mail,  nor  pay  it  in  person  except 

in  four  equal  installments, 
before  the  fifteenth  day  of 
;;ar,  the  second  installment 
shall  be  paid  on  or  before  tbe  fifteenth  day  of  the  third  month,  the  third  install- 
ment on  or  before  the  fifteenth  day  of  the  sixth  month,  and  the  fourth  installment 
on  or  tiefore  the  fifteenth  day  of  the  ninth  month  after  the  latest  date  prescrit>ed 
for  paying  the  firBt  installment. 

If  any  installment  is  not  paid  on  the  date  fixed  for  t__, , 

of  tax  unpaid  shall  be  paid  upon  notice  and  demand  by  tbe  collector. 
30.  PENALTIES 
For  willful  faiJore  to  make  and  file  a  return  on  time.— Net  m 
or  imprisonment  for  not  more  than  1  year,  or  both,  together  i 
prosecution,  and,  in  addition,  5  percent  to  25  percent  of  the  e 


it,  the  whole  amount 


For  willfally  making  a  fabe  or  frandolent  return. — No 


■  both,  together  with  the  { 


-e  than  $10,000 

th  the  cogU  of 

unt  of  thi  tax. 

SIO.OOO  or 

J  of 


For  deficiency  in  tax. — 5  percent  of  the  amount  of  the  deficiency  if  d 
neghgence  or  intentional  disregard  of  rules  and  regulations  without  inte 
defraud,  or  50  percent  of  the  amount  of  the  deficiency  if  due  to  fraud. 
31.  INFORMATION  AT  SOURCE 
Every  person  making  payments  of  salaries,  wages,  interest,  rents, 

during  the  calendar  y 


other  fixed 
to  a  single  person,  a  partm 
person,  is  required  ' 


of  51,000  0 

1  fiduciary,  or  $2,5'JO  or  more  to  a  married 

make  a  return  on  Forms  1096  and  1099  showing  the  amount 

h  payments  and  the  name  and  address  of  each  recipient.     These  forms  will 

be  furnished  by  any  collector  of  internal  revenue  upon  request.     Such  returns 


ing  tbe  calendar  year  1Q36  must  be  forwarded  ' 
Internal  Revenue,  Sorting  Section,  WashiHEton,  D.  C, 
not  later  than  February  15,  1937. 


■-  Commieei 


■  of 


-11 


156 


STATISTICS    OF   INCOME 


Form  1040  A 

TREASURY  DEPARTMENT 

INDIVIDUAL  INCOME  TAX  RETURN 

Do  not  write  in  this  spaco 

(Auditor'*  >lMnp> 

DERIVED  CHIEFLY  FROM  SALARIES  AND  WAGES 

For  Calendar  Year  1936 

To  b«  fil»d  with  Ui*  Collector  of  lnt*mml  R«Tenu»  tor  your  dUlrlet  on  or  before  March  U,  I93T 

Nraba 

tZi.l 

(CMhier'a  aUmpJ 

PRirn-  NAME  AND  HOME  ADDRESS  PLAINLY  BELOW 

- ^;;^-u^ii^:^;^!;:a-c^-^i;i«;:;:;^r^i^^^-^ 

s::.oS;:r ic:^:;^ " s^;; 

OCCUPATION , ^ _ 

Cnh     Check     M.O. 

I.  Are  you  a  citizen  or  resident 

o(  the  United  States? 

3.  Were  you  maiTied  and  living  with 


husband  or  wife  duriDg  your  taxable 


3.  Was  a  separate  return  filed  by 

husband  or  wife? „ . 

4.  If  not  married,  were  you  the  head  of  a  family 


during  your  taxable  year  (See  Instructio 
11  fordefloitloD)'. 


6.  How  many  dependents  (except  husband  or  wife)  received 
their  chief  support  from  you  during  yotir  taxable  year?. 
6.  State  date  and  nature  of  any  cbanee  ooder 


questions  2.  4,  or  S  during  the  year_ 


ln.tnKtioD  No.  INCOME 

1.  Salaries,  wages,  commissions,  fees,  etc.     (From  Schedule  A),. 


■2.   Dividends.     (From  Schedule  B) 

3.  Interest  on  bank  deposits,  notes,  mortgages,  and  corporation  bonds.     (From  Schedule  C).. 

4.  Interest  on  bonds  upon  which  a  tax  of  2%  was  paid  at  source.     (From  Schedule  D) 

6.  Other  income  (including  income  from  fiduciaries,  etc.).     (From  Schedule  F) 


€,  Total  income  in  items  1  to  5 

deductions 

7.  Contributions.     (From  Schedule  O) 


8.  Taxes  paid.     (From  Schedule  H) — 

9.  Interest  paid.     (From  Schedule  Ti — 

10.  Losses  by  fire,  storm,  bad  debts,  etc.    (From  Schedule  J) - 

11.  Total  Deductions  in  items  7  to  10 _ 

computation  of  tax 

12.  Net  income  for  normal  tax  purposes  (item  6  minus  item  11) - 

13.  Less:  Earned  income  credit ■■ 

14.  Personal  exemption -- 

15.  Credit  for  dependents.     (Explain  In  Schedule  K) „ - - 

16.  Balance  taxable  at  4%  (item  12  minus  items  13,  14,  and  16) - 

17.  Total  income  tax  (4%  of  item  16) - - 

18.  Less:  Income  tax  paid  at  source  on  tax-free  covenant  bonds  (2%  of  item  4) 

19.  Income  tax  paid  to  a  foreign  country  or  United  States  possession,     (Attach  Form  iiis).. 

20.  Balance  of  tax  (item  17  minus  items  18  and  19),..- - ■_^ 


AFFIDAVIT     (See  Instruction  18) 
I/we  swear  (or  affirm)  that  this  return  has  been  examined  by  me/us,  and,  to  the  best  of  my/our  knowledge  and  belief,  is  a  true 
and  complete  return  for  the  taxable  year  as  stated,  pursuant  to  the  Revenue  Act  of  1936  and  regulations  issued  under  authority  thereoL 

Subscribed  and  sworn  to  by — 

before  me  this day  of >  1937. 


(SigDaturs)     (See  Instruction  IS) 


(SLpiature  and  title  of  officer  administering  oath) 


POWER  OF  attorney.    (See  Instiuction  IS.) 


NOTE.— If  you  deri*«  Incvna,  recardlew  of 


bom  a  profeMioa  or  baaing—.  Incladloa  Cuming,  or  from 


r  ale  of  property,  lue  Fonn  104Q. 


STATISTICS   OF   INCOME 


157 


Schedula  A^INCOME  FROM  SALARIES  AND  WAGES.  COMMISSIONS,  FEES.  ETC. 

(9m  lostnKtloo  1) 

1.  Nik 

B  AND  Address  or  Emplotee  ob  Natdbb  or  Fees.  CouiitssioNS,  Etc 

2.  Amount  Received 

3.  EiPE 

3ES  Paid  (Itemlio«J) 



-    -             - 

$ 

$ 

o     >.       J       «        n           wm.^^^m.^w,      w~ 

' 

Schedule  B INCOME 

FROM  DIVIDENDS    (Sm  iDS'.ructloD  I) 

1.  Ka^e 

:.!  Payor 

2.  Amount  liECErvED 

1.  Naue  or  Patos 

2    A  no 

JNT   llEC 

ElVEcT 



$ 

- 

Schedule  C— INTEREST  ON  BANK  DEPOSITS.  NOTES.  MORTGAGES.  CORPORATION  BONDS    (See  Id 


Sche<:u:e  D.— INTEREST  ON  BONDS  ON  WHICH  A  TAX  OF  256   WAS  PAID  AT  SOURCE    (See  InslruclloD  4) 


1.  Name  or  Pat 


Schedule  E TAX-EXEMPT  INTEREST  ON  GOVERNMENT  OBLIGATIONS.  ETC.    (Sco  laslmction  C) 


1.   OBUQATIONS  AND   SECDRITIES 

End  or  Year 

OR   ACCRUED   DURLNQ 
THE    VeaR 

(o)  Obligations  of  a  Slate,  Territory,  or  political  subdivision  thereof,  or  the  District  of 
Columbia,  or  possessions  of  the  United  States 

$ 

$ 

(6)  Obligations  of  instrumentalities  of  the  United  States  (such  as  obligations  issued  under 
Federal  Farm  Loan  Act,  as  amended,  Uome  Owners'  Loan  Act,  etc.) 

(c)  Oblieations  of  the  United  States _ 

— - 

Schedule  F — OTHER   INCOME  (INCLUDING   INCOME  FROM   FIDUCIARIES.  ETC.)    (See  lostruclioD  5) 


1.  SouBCK  or  Is'coys 

2.  Nature  or  Inxome 

3.  Amount  Received 

$ 

- - -- " - 



— 

Schedule  G.— CONTRIBUTIONS    (See  loaructioD  7) 

ScRedule  H — TAXES  PAID    (Sec  lostmcUoD  S) 

1.  Name  and  address  or  Oroan.jat.on 

2.  Amount  Paid 

1.  Nature  or  Tai 

2.  To  Wnou  Paid 

3.  AMOUNT  Paid 

- " - - 

s 

- -- 

s 

— 

- 

— 

Schedule  I.— INTEREST  PAID    (See  iDStniCtionW 

Schedule  J.— LOSSES  BY  FIRE.  STORM.  ETC.    (See  InstruclioD  10) 

1.  To  Wbom  Paid 

2.   AMOUNT 

1    Description 

2-   AHOONT 

$._ 

— 

$ 

Schedule  K. — EXPLANATION  OF  CREDIT  FOR  DEPENDENTS  CLAIMED  IN   ITEM   IS    (See  InsmicUoo  K) 


1.  Namx  0 

r   DSPENDEN 

2.   RSI_1TI0>*9H1P 

3. 
UN 

INDICATE    »■ 
DEB  18  Year 

rj,To. 

4.    REA30 

N  roR  Suppor    ir  Nut  Undeb  18 

— 









158 


STATISTICS    OF    INCOME 


INSTRUCTIONS 
The  Ttittructiont  If  umbered  1  to  15  Correspond  with  the  Item  Sumbers  on  the  First  Page  of  the  Return 


INCOME 

1.  Income  from  salaries,  wages,  etc.— Enter  as  item  1  the 
total  of  all  salaries,  wages,  or  other  compensation  credited  by 
or  r  ceived  from  outside  sources,  as  reported  in  Schedule  A. 
Any  amount  claimed  as  a  deduction  for  necessary  expenses 
against  salaries,  etc.,  such  as  traveling  expenses  while  away 
from  home  in  connection  with  your  occupation  should  be  fully 
explained  in  Schedule  A  or  in  an  attached  statement.  Travel- 
ing expenses  ordinarily  include  expenditures  for  railroad  fares, 
meals,  and  lodging. 

2.  Dividends. — Enter  as  item  2  the  total  of  all  dividends  re- 
ported in  Schedule  D. 

3  Interest  on  bank  deposits,  etc.— Enter  as  item  3  the  total 
of  all  interest  on  bank  deposits,  notes,  mortgages,  corporation 
bonds,  etc.,  reported  in  Schedule  C.  Interest  on  bonds  is  con- 
sidered income  when  due  and  payable. 

4  Interest  on  tax-free  covenant  bonds. — Enter  as  item  4  the 
total  of  all  bond  interest,  reported  in  Schedule  D,  upon  which 
a  tax  was  paid  at  the  source.  Such  tax  (2  percent  of  the.  inter- 
est entered  as  item  4)  may  be  claimed  as  a  credit  in  item  18  of 
the  return. 

5.  Other  income. — Enter  as  item  5  the  total  of  all  other  tax- 
able income,  reported  in  Schedule  F,  including  income  from  an 
estate  or  trust. 

6.  Total  income. — Enter  as  item  6  the  total  amount  of  items 
lto5. 

Schedule  E  should  be  filled  in  if  you  own  any  of  the  obliga- 
tions specified  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  obligations,  including 
such  interest  received  from  an  estate  or  trust. 


DEDUCTIONS 

7.  Contributions.— Enter  as  item  7  the  total  contributions  or 
gifts,  reported  in  Schedule  G,  made  within  the  taxable  year  to 
any  corporation,  or  trust,  or  community  chest,  fund,  or  founda- 
tion, organized  and  operated  exclusively  for  religious,  charita- 
ble, scientific,  literary,  or  educational  purposes,  or  for  the  pre- 
vention of  cruelty  to  children  or  animals,  no  part  of  the  net 
earnings  of  which  inures  to  the  benefit  of  any  private  share- 
holder or  individual,  and  no  substantial  part  of  the  activities 
of  which  is  carrying  on  propaganda,  or  otherwise  attempting, 
to  influence  legislation.  The  total  amount  claimed  shall  not 
exceed  15  percent  of  your  net  income  computed  without  the 
benefit  of  this  deduction. 

8.  Taxes  paid.— Enter  as  item  8  the  amounts  reported  in 
Schedule  H  as  personal  taxes  and  taxes  on  property  which 
were  imposed  upon  and  paid  by  you  during  the  taxable  year. 
Do  not  include  taxes  assessed  against  local  benefits  of  a  kind 
tending  to  increase  the  value  of  the  property  assessed,  nor 
Federal  income  taxes,  nor  estate,  inheritance,  legacy,  succes- 
sion, or  gift  taxes,  nor  taxes  imposed  upon  your  interest  as  a 
shareholder  of  a  corporation  which  are  paid  by  the  corporation 
without  reimbursement  from  you.  No  deduction  is  allowable 
for  any  portion  of  foreign  income  taxes  if  a  credit  is  claimed 
in  item  19. 

9.  Interest  paid. — Enter  as  item  9  the  amount  reported  in 
Schedule  I  as  interest  paid  on  personal  indebtedness. 

10.  Losses.- Enter  as  item  10  the  total  amount  reported  in 
Schedule  J  as  losses  by  fire,  storm,  shipwreck,  or  other  cas- 
ualty, or  from  theft,  sustained  during  the  taxable  year  and  not 
compensated  for  by  insurance  or  otherwise,  and  losses  sus- 
tained as  the  result  of  stocks  or  bonds  or  debts  becoming 
worthless. 

Losses  from  wagering  transactions  are  allowable  only  to 
the  extent  of  the  gains  from  such  transactions. 

No  deduction  is  allowable  for  the  amount  of  any  item  or  part 
thereof  allocable  to  a  class  of  exempt  income,  other  than  inter- 
est. Items  directly  attributable  to  such  exempt  income  shall 
be  allocated  thereto,  and  items  directly  attributable  to  any 


class  of  taxable  income  shall  be  allocated  to  sucli  taxable  in- 
come. 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 
as  a  part  tiiereof  an  itemized  statement,  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  separately). 


COMPUTATION  OF  TAX 

12.  Net  income. — Enter  as  item  12  the  amount  of  net  in- 
come, which  is  obtained  by  deducting  item  11  from  item  6. 

13.  Earned  income  credit. — Enter  as  item  13  the  amount  of 
earned  income  credit,  which  is  10  percent  of  the  amount  of 
your  earned  net  income  but  not  in  excess  of  10  percent  of  the 
amount  of  your  entire  net  income, 

"Earned  income"  means  wages,  salaries,  professional  fees, 
and  other  amounts  received  as  compensation  for  personal  serv- 
ices actually  rendered,  but  does  not  include  any  amount  not 
included  in  gross  income,  nor  that  part  of  the  compensation 
derived  by  the  taxpayer  for  personal  services  rendered  by  him. 
to  a  corporation  which  represents  a  distribution  of  earnings 
or  profits  rather  than  a  reasonable  allowance  as  compensation 
for  the  personal  services  actually  rendered. 

"Earned  income  deductions'*  means  such  deductions  as  are 
allowed  by  section  23  of  the  Revenue  Act  of  1936  for  the  pur- 
pose of  computing  net  income,  and  are  properly  allocable  to  or 
chargeable  against  earned  income. 

"Earned  net  income"  means  the  excess  of  the  amount  of  the 
earned  income  over  the  sum  of  the  earned  income  deductions. 
If  the  taxpayer's  net  income  is  not  more  than  $3,000,  his  entire 
net  income  shall  be  considered  to  be  earned  net  income,  and  if 
his  net  income  is  more  than  $3,000,  his  earned  net  income  shall 
not  be  considered  to  be  less  than  ?3,000. 

For  the  nurpose  of  determining  the  10  percent  limitation 
the  net  income  should  include  interest  on  an  aggregate  in 
excess  of  $5,000  principal  amount  of  United  States  Savings 
Bonds  and  'Treasury  Bonds;  and  interest  on  obligations  of  in- 
strumentalities of  the  United  States  (other  than  obligations 
issued  under  the  Federal  Farm  Loan  Act,  or  under  such  Act  as 
amended),  reported  in  Schedule  E. 

The  earned  income  credit  allowable  to  each  spouse  in  a  joint 
return  is  the  same  as  is  allowable  to  each  spouse  in  separate 
returns;  however,  the  earned  income,  earned  income  deduc- 
tions, earned  net  income,  and  net  income  of  each  spouse  must 
be  shown  separately  in  the  joint  return. 

14  and  15.  Personal  exemption  and  credit  for  dependents. — 
A  single  person,  or  a  married  person  not  living  with  husband 
or  wife,  may  claim  a  personal  exemption  of  $1,000.  A  person 
who,  during  the  entire  taxable  year,  was  the  head  of  a  family 
or  was  married  and  living  with  husband  or  wife,  may  claim  an 
exemption  of  $2,600.  If  husband  and  wife  file  separate  re- 
turns, the  personal  exemption  may  be  taken  by  either  or  di- 
vided between  them. 

A  "head  of  a  family"  is  an  individual  who  actually  supports 
and  maintains  in  one  household  one  or  more  individuals  who 
are  closely  connected  with  him  by  blood  relationship,  relation- 
ship by  marriage,  or  by  adoption,  and  whose  right  to  exercise 
family  control  and  provide  for  these  dependent  individuals  is- 
based'upon  some  moral  or  legal  obligation. 

In  addition  to  the  personal  exemption,  a  credit  of  $400  may 
be  claimed  for  each  person  (other  than  husband  or  wife)  under 
18  years  of  age,  or  incapable  of  self-support  because  mentally 
or  phvaically  defective,  who  received  his  or  her  chief  support 
from  "the  taxpaver.  This  credit  may  be  allowed  only  to  the 
person  who  furnishes  the  chief  support,  and  may  not  be  di- 
vided between  two  individuals.  Explain  such  credit  in  Sched- 
ule K.  furnishing  the  name  of  each  deoendent,  the  relationship 
between  taxpayer  and  dependent,  and  the  reason  for  suppprt 
if -the  depeiuWt  is  sot  under  18  years  of  age. 


STATISTICS   OF   INCOME 


159 


If  the  status  of  the  taxpayer,  insofar  as  it  affects  the  per- 
sonal exemption  or  credit  for  dependents,  changes  during  the 
taxable  year,  the  personal  exemption  and  credit  shall  be  ap- 
'portioned  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. 

LIABILITY  FOR  FILING  RETURN 

16.  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  citi- 
zen thereof,  having  a  gross  income  for  the  calendar  year  1936 
of  $5,000  or  over,  or  a  net  income  for  the  same  period  of  (a) 
$1,000  or  over,  if  single,  or  if  married  and  not  living  with  hus- 
band or  wife,  or  (b)  52,500  or  over,  if  married  and  living  with 
husband  or  wife,  or  (c)  more  than  the  personal  exemption  if 
the  status  of  the  taxpayer  changes  during  the  taxable  year. 
If  the  combined  net  income  of  husband  and  wife,  including 
that  of  dependent  minor  children,  if  any,  is  $2,500  or  over,  or 
if  their  combined  gross  income  is  $5,000  or  over,  either  each 
must  make  a  return  or  the  income  of  each  must  be  included  in 
a  single  joint  return. 

In  order  for  a  joint  return  to  be  filed  by  a  husband  and  wife, 
both  spouses  must  have  had  some  income  or  deductions  in  the 
year  for  which  the  return  is  filed,  and  the  return  must  include 
the  income  and  deductions  of  both  spouses.  A  joint  return  of 
husband  and  wife  may  be  filed  only  if  they  were  living  to- 
gether at  the  close  of  their  taxable  year.  (See  Instruction  13 
for  information  with  respect  to  earned  income  credit  in  a  joint 
return,). 

ITEMS  EXEMPT  FROM  TAX 

17.  The  following  items  are  exempt  from  Federal  income 
tax,  except  where  otherwise  indicated,  and  should  not  be  in- 
cluded in  gross  income: 

(a)  Amounts  received  under  a  life  insurance  contract  paid 
by  reason  of  the  death  of  the  insured;  whether  in  a  single  sum 
or  in  installments  (but  if  such  amounts  are  held  by  the  insurer 
under  an  agreement  to  pay  interest  thereon,  the  interest  pay- 
ments shall  be  included  in  gross  income); 

(b)  Amounts  received  (other  than  amounts  paid  by  reason 
of  the  death  of  the  insured  and  interest  payments  on  such 
amounts  and  other  than  amounts  received  as  annuities)  under 
a  life  insurance  or  endowment  contract,  but  if  such  amounts 
(when  added  to  amounts  received  before  the  taxable  year 
under  such  contract)  exceed  the  aggregate  premiums  or  con- 
sideration paid  (whether  or  not  paid  during  the  taxable  year) 
then  the  excess  shall  be  included  in  gross  income.  Amounts 
received  as  an  annuity  under  an  annuity  or  endowment  con- 
tract shall  be  included  in  gross  income;  except  that  there  shall 
be  excluded  from  gross  income  the  excess  of  the  amount  re- 
ceived in  the  taxable  year  over  an  amount  equal  to  3  percent 
of  the  aggregate  premiums  or  consideration  paid  for  such  an- 
nuity (whether  or  not  paid  during  such  year),  until  the  aggre- 
gate amount  excluded  from  gross  income  equals  the  aggregate 
premiums  or  consideration  paid  for  such  annuity; 

(c)  Gifts  (not  made  as  a  consideration  for  service  rendered) 
and  money  and  property  acquired  by  bequest,  devise,  or  in- 
heritance (but  the  income  derived  from  such  property  is  tax- 
able and  must  be  reported) ; 

(•d)  Interest  upon  (1)  the  obligations  of  a  State,  Territory, 
or  any  political  subdivision  thereof,  or  the  District  of  Colum- 
bia, or  United  States  possessions;  or  (2)  obligations  issued 
under  the  pro\nsions  or  the  Federal  Farm  Loan  Act  or  under 
such  act  as  amended;  or  (3)  the  obligations  of  the  United 
States;  or  (4)  obligations  of  instrumentalities  of  the  United 
States  (other  than  obligations  issued  under  Federal  Farm 
Loan  Act  or  under  such  Act  as  amended),  such  as  Federal 
Farm  Mortgage  Corporation  bonds.  Home  Owners'  Loan  Cor- 
poration bonds,  etc.    The  interest  on  United  States  Savings 


Bonds  and  Treasury  Bonds,  owned  in  excess  of  $5,000,  and  on 
obligations  of  instrumentalities  of  the  United  States  (other 
than  obligations  issued  under  Federal  Farm  Loan  Act  or  under 
such  Act  as  amended)  is  subject  to  surtax  rf  the  surtax  net 
income  is  over  $4,000.  Such  interest  should  be  reported  in 
Schedule  E; 

(e)  Amounts  received  through  accident  or  health  insurance 
or  under  workmen's  compensation  acts,  as  compensation  for 
persona!  injuries  or  sickness,  plus  the  amoiuit  of  any  damages 
received,  whether  by  suit  or  agreement,  on  account  of  suoh  in- 
juries or  sickness; 

(f)  The  rental  value  of  a  dwelling  house  and  appurtenances 
thereof  furnished  to  a  minister  of  the  gospel  as  part  of  his 

compensation; 

(g)  Compensation  paid  by  a  State  or  political  subdivision 
thereof  to  its  officers  or  employees  for  services  rendered  in 
connection  with  the  exercise  of  an  essential  governmental 
function;  and 

(h)  Amounts  received  as  earned  income  from  sources  with- 
out the  United  States  (except  amounts  paid  by  the  United 
States  or  any  agency  thereof)  by  an  individual  citizen 
of  the  United  States  who  is  a  bona  fide  nonresident  for  more 
than  6  months  during  the  taxable  year.  The  taxpayer  in  such 
a  case  may  not  deduct  from  his  gross  income  any  amount 
properly  allocable  to  or  chargeable  against  the  amount  so 
excluded  from  his  gross  income. 

GENERAL  INFORMATION 

18.  Affidavit. — The  oath  will  be  administered  without  cnarg© 
by  any  collector,  deputy  collector,  or  internal  revenue  agent. 
If  an  internal  revenue  officer  is  not  available,  the  return  should 
be  sworn  to  before  a  person  authorized  to  administer  oaths, 
except  an  attorney  or  agent  employed  to  represent  the  tax- 
payer before  the  Department  in  connection  with  his 'tax  lia- 
bility. 

The  affidavit  must  be  executed  by  the  person  whose  income 
is  reported  or  by  his  legal  representative  or  agent.  The  re- 
turn may  be  made  by  an  agent  (1)  if,  by  reason  of  illness, 
the  person  liable  for  the  making  of  the  return  is  unable  to 
make  it,  or  (2)  if  the  taxpayer  is  unable  to  make  the  return 
by  reason  of  continuous  absence  from  the  United  States  for  a 
period  of  at  least  60  days  prior  to  the  date  prescribed  by  law 
for  making  the  return.  Whenever  a  return  is  made  by  an 
agent  it  must  be  accompanied  by  a  power  of  attorney  on  Form 
935,  or,  in  the  case  of  husband  and  wife,  on  Form  936  (copies 
of  which  may  be  obtained  from  the  collector  of  internal  reve- 
nue). 

The  joint  return  of  husband  and  wife  must  be  signed  by  both 
spouses  and  sworn  to  by  the  spouse  preparing — filling  in — the 
return.  If  the  return  is  prepared  by  both  spouses,  or  is  pre- 
pared by  neither  spouse,  then  both  spouses  must  swear  to  the 
return,  except  where  one  spouse  acts  for  the  other  spouse 
under  a  power  of  attorney  submitted  on  Form  936, 

19.  Tax. — The  tax  may  be  paid  at  time  of  filing  the  return, 
or  in  four  equal  installments,  payable  quarterly,  provided  each 
installment  is  paid  on  or  before  its  respective  due  date.  If 
any  installment  is  not  paid  on  the  date  fixed  for  payment,  the 
whole  amount  of  tax  unpaid  shall  be  paid  upen  notice  and  de- 
mand by  the  collector. 

20.  Penalty  for  Willful  failure  to  make  and  file  a  return  on 
time. — Not  more  than  $10,000  or  imprisonment  for  not  more 
than  1  year,  or  both,  together  with  the  costs  of  prosecution, 
and,  in  addition,  5  to  25  percent  of  the  amount  of  the  tax. 

21.  Penalty  for  willfully  making  a  false  or  fraudulent  re- 
turn.— Not  more  than  510,000  or  imprisonment  for  not  more 
than  5  years,  or  both,  together  with  the  costs  of  prosecution. 

22.  FOR  FAILURE  TO  FILE  DUPLICATE  INCOME  TAX 
RETURN  ON  TIME  THERE  WILL  BE  ASSESSED  $5, 
WHICH  WILL  BE  PAYABLE  UPON  NOTICE  BY  THE 
COLLECTOR, 


160 


STATISTICS    OF    INCOME 


nrruRN  form  marked  "duplicate"  must  be  filed  with  this  original  return 


TREABDRV  DEPARTMENT 


PARTNERSHIP  RETURN  OF  INCOME 

<TO  BE  FILED  ALSO  BY  SYNDICATES,  POOLS,  JOINT  VENTURES,  ETC) 

For  Calendar  Year  1936 

Or  Fiscal  Year  bejun  _ ,  1936,  and  endtd ,  1937 

Filr  This  Rctuia  Not  Later  Tlion  Uie  piheenlh  Day  of  ihc  TWd  Month  Following  tlw  Qofc  ol  the  Taiablc  Year 


PRINT  Pl^NLY  NAME  A 

«D  BU 

INESS  ADDt 

1£SS  OF  THE  ORGANIZATION 

(Namu 

(Succt  DDd  Dumber) 

Ifcontw 

irountyl 

.S..1.I 

Btuineu  «r  Pretcuion  . 
N«turc  «l  OrBwiixalion  . 
D»lf  a(  Orgmaation  . . . 


Do  Not  Write  In 

Tbew  Spates 

Flit 

Code 

Serial 

Number 

Disbict „ , 

(D*t«  fUcalmd) 


oif&niutloQ  Id  nspecl  o 


s  aclually  prepared  by  a 


GROSS  INCOME 


1.  Gross  Receipte  from  Bufiin 


(fc)   Merchandise  bought  for  sale 

(e)  Cost  of  labor,  Eupplies,  etc.     (From  Sctwdule  A) 

(d)  Total  ofliDCB  (a),  (6),  and  (c) - _ 

(f)  Less  inventory  at  end  of  ycar_....„ „ ™ 

S.  Gross  Profit  from  Business  or  Profession  at«m  i  miau  Item  2) 

4.  Income  (or  Loss)  from  Other  PartnerBhips,  Syndicates,  Pools,  etc    (sute  separaieiy 


6.  Interest  on  Tax-free  Covenant  Bonds  upon  -which  a  Tax  was  Puid  at  Sou 
8.  Royalties. _ 

9..  Capital  Gain  (or  Loss),      (From  6cb«lule  B)    or  capiul  Iqps,  tbw  amount  iD*y  Dot  eici 

10.  Dividends.     (From  Schedule  I) - - 

11.  Other  Income  (stole  nature  cod  source  or  Iocobk): 


J2.  Total  Income  in  Iteus  3  to  11 

DEDUCTIONS 

13.  Salaries  of  Employees.      (Pooot  laclodt  M.rcpfosftHtn  for  p»miej3oriDetDh»rT  )    (Attach  i1#IbiIc<1  st«t»meot)., 

14.  Rent  on  Bufiiness  Property ~ - 

15.  Repairs.     (From  Bcbedule  C) „ - - 

16.  lotcrest  on  Indebtedness.     (Ejpi^n  In  scpiraU  schedule) 

17.  Taxes  paid.     (Prom  Schedole  D) ■■ --  - "• 

18.  Losses  bv  Fire,  Storm,  etc.     (From  Schedule  E) 

19.  Bad  debts  {from  Schedule  F);  also  bonds  determined  to  be  ■worthless  during  taxable  year.     (E»pUiD  00 

eepvaU  sboet) - - - 


20.  Contributions.     (Explftin  In  sepanis  sctaedule) — - ■ 

21.  Depreciation  (resulting  from  exhaustion,  wear  and  tear,  or  obsolescence).     (From  Bciiedulea) — 

22.  Other  Deductions  Authorized  by  Law  (including  stock  determined  to  be  worthless  during  taxable 


Total  Deductions  m  Items  13  to  22.. 
Net  Income  gtem  12  minus  Item  23).. 


». 

PARTNERS'  OR  MEMBERS'  SHARES  OF  INCOME  AND  CREDITS 

(See  Inotncllon  IS) 

N«.  -Wker.  rei 

(Deslenaleo 

r  U  lUed  in  another  mlteet Ion  district,  speclly  dlslrlrt 

n 

3.Ea.»„..o.a 

"TuivSS'ji' " 

?i?I'S 

Poastsaiotts 

$ 

Is.  „ 

5 

$ 

ft) 





W 

-.- 





0) 

(0) 



Totals  _ „ — 

S- 

Is 



$ 

.^^^ 

s _.. 

^_. 

STATISTICS   OF   INCOME 


161 


SCHEDULE  A— COST  OP  LABOR, 

SUPPLIES,  ETC.     (Sec  Inslniction  I) 

■.r.v. 

"""' 

.„., 

A-o™, 

Ubor 

s 

Si 



Total  (enter  as  Item  2  fc>) „ 

s. 

SCHEDULE  B— CAPITAL  GAINS 

AND  LOSSES  (FROM  SALES 

OR 

EXCHANGES  ONLY)     (Soe  I 

struclic 

n9) 

1,  DtKniTTiovof  Pxop. 

Z  Date 

.k?3. 

(CoNTWCTPaiCE) 

THAT  Date,    (laji- 
col.  tails)- 

e.  Cost  or  Tu- 
Mahcu  1, 1S13 

7.  DEPREriATlON 

nlshdotoik)" 

6.  0«[N  OS  Loss 

■r°'tH 

"t.IS-S'J-^So'Ss^' 

a.  Gains 

b.  Lossxs 

'  (B)  1  yw  or  lou: 

Mo,  ftiir  V«T 

,\f..  Da,  y,; 

S 

J 

100 

80 
CO 
40 
30 

•  (b)  Owr  :  r«r  buC  not 

■*^*^o"<L-6^I^^""^* 

•  (d)  Ow  C  yean  but  not 
ovet  10  yeus: 



•WOverlOyeMs: 

(0  Total  Gaixs  an 

D  Losses 

enter  net  a 

mount  as  Ite 

n9; 

not  in  excess 

f  S2 

000,  ir  net  am 

sunt  is  a 

rapHal  lo<^) 



s _ 

S 

(  periods,  and  treatfer  gaJiu 


e  (1)  hov  Bad  Irom  wbom  prcpfrty  vras  scqulmJ .. 


orporation,  class  of  stock,  no  in  ber  of  sbsjvs,  capital  cbances&Sectine  b 


cacb  period  to  Column  10  abov^ 

:  (2)  Pcisoonl  or  bostoess  relatlonshlpb 
livldeods,  oth«r  nontauble  di  video  ds. 


SCHEDULE  C— COST  OF  REPAIRS     (See  Instruction   15) 

SCHEDULE  D— TAXES  .PAID     fSee  Instrurtic 
1.  Itehs 

n   17) 

(Enter  as  I!«in  IT) 

, 

_...l _._. _  

1 



.1 

SCHEDULE  E— EXPLANATION  OF  DEDUCTION  FOR 

LOSSES  BY  FIRE,  STORM.  ETC.     (Sec  Instruction 

18) 

■ 

1.  ExNsor  Propsktt                                   2.  DateAcqctkeo                  3.  Cost 

<.  6ini.iQmKT            ii£"'S"slmz 

6.  IVSCBANCE  AKO 

7.  DEBDcmjtF  Loas 

, 

$_.    3  .    .._      

, 

_ 1 1    . 

SCHEDULE  F— EXPLANATION  OF  DEDUCTION  FOR  BAD  DEBTS     (See  Inptruction  19) 


V... 

Kit  Income         IcniuGeooMAc^ocVT 

B.„DE.„        " 

1933 
1934 
1935 

5 

s               1     " 

P") 

(') 

(<n - 

1036  .                    J.      j. 

SCHEDULE  G— EXPLANATION  OF  DEDUCTION  FOR  DEPRECIATION     (See  Instruction  21) 


°»si^ciii)"^ 

ic,?i.'i 

DaVe    (ladii.'Bte  basis) 

'c^S?/Si^.fir 

8.  Depseoatioh 
ALIOWED  (orAllowabie) 

™BH!£~ 

'lIti^^De- 

1    ESTTMATED 

fl.  DEmiClATIOM 
AU.OWABLE  TBLS  VEAB 

..  ___.s _.._ A Is     .     .._J !s . 

.     ..._._.       1     ___.Js_.           „_J 

1 

::::":.::.^„.: i::i:: 

SCHEDULE  H— INTEREST  ON  GOVERNMENT  OBLIGATIONS.  ETg     (See  ItLstr. 


.  Obuoations  OR  EECumnxs 


(o)  ObligatioDB  of  a  State,  Teiritory,  or  any  political  Gubdivieion  thereof,  or  the  District  of  Columbia,  or  U.  £ 
(t)  Obligfltiona  isGued  under  the  proviBions  of  the  Federal  Farm  Ix)an  Act,  or  under  euch  act  as  amended.. 
(0  Obligationa  of  United  States  lEsued  on  or  before  September  1,  1917 


(d)  Treasury  notes,  Treastiry  bills,  and  Treasury  certificates  of  indebtednesa , „. 

(«)  U.  S.  Savings  Bonds  and  Treasury  Bonds .„ , „. 

(/)  Obligationa  of  inatru mentalities  of  the  United  States  (other  than  obligations  to  be  reported  in  (b)  above).. 


SCHEDULE  I— INCOME  FROM  DIVIDENDS 


Itemize  all  dividends  received  during  the  year,  stating  amounts  and  i 


s  and  addressee  of  corporations  declaring  the  dividends: 


AFFIDAVIT     (See  Instruction  30) 
rn  (including  its  accompanying  schedules  and  statements,  if  any)  has  been  examined  by  me,  and,  to  the  best  of  my  knowledge 
plete  return,  made  in  good  faith,  for  the  accoimting  period  stated,  pursuant  to  the  Revenue  Act  of  1936  and  the  Regulations 


I  swear  (or  affirm)  that  this  retu 
and  belief,  is  a  true,  correct,  and  com 
iB^ucd  thereunder. 

Subscribed  and  sworn  to  before 


AFFIDAVIT     (See  Inatruction  30) 
I/we  Ewear  (or  affirm)  that  I/we  prepared  this  return  for  the  organization  named  herein  and  that  ths  i 
■talementfl,  if  any)  is  a  true,  correct,  and  complete  statement  of  all  the  information  respecting  the  income  tax 
been  prepared  of  which  1/we  have  aoy  knowledge. 


(Blcnatora  ot  pereoa  praparlag  the  retonj 


(SlcDalare  ot  ptcsoo  pnparlnc  tbe  ntom) 


g- kdlEUUMCTinC  0) 


(Name  cI  Una  or  emplorv.  U  anj) 


162 


STATISTICS   OF   INCOME 


INSTRUCTIONS 

The  InstrncticDs  Nomb«red  1  to  25  Correspond  with  the  Item  Nuiubors  on  the  First  Page  of  the  Return 


I.  GROSS  RECEIPTS 

Describe  the  businesa  or  profession  in  the  Fpaec  providtrl  at  tho  top  of  page  1, 
and  enter  as  item  1  on  page  1  of  the  return  the  gross  receipts  from  sales  or  ser\'- 
ices,  less  any  discounts  or  allowances  from  the  sale  price  or  Gervicc  charge. 

Farmer's  income  schedule. — If  the  organizatioo  operates  a  farm  and  keeps 
no  books  of  accouDt,  or  keeps  books  oq  a  cash  basis,  obtain  from  llio  collector 
Rnd  attach  to  this  rctiu-n  Form  1040F,  Schedule  of  Farm  Income  ani  Expenses, 
and  eater  tho  net  farm  income  as  item  3  oq  page  1  of  thi-j  return.  If  the  farm 
books  of  account  ara  kept  on  an  accrual  basi';,  the  filing  of  Form  1040F  is 
optional. 

InslaUment  sales. — If  fho  installment  meth<xl  is  used,  attach  to  the  return 
a  schedule  showing  sepiiratcly  for  the  taxable  years  1932,  1933,  1934,  and  1035 
tho  foUowing  information;  (a)  Gross  sales;  (6)  cost  of  goods  sold;  (c)  gross 
profits;  (J)  percentigo  of  profits  to  gross  calcs;  (c)  amount  collected;  and  (/) 
gross  profit  on  amount  coUecteJ.     Sei  section  44  of  the  Revenue  Act  of  1934. 

2.  COST  OF  GOODS  SOLD 

Enter  AB  item  2  the  information  requested  in  lines  (a)  to  (e),  and  Uikt  in 
Schedule  A  on  page  2  of  the  return  th-i  principal  items  of  cost  included  in  the 
amount  entered  on  Une  (c),  the  minor  items  to  be  grouped  in  one  amount. 

Inventories. — If  the  production,  purcha=r:,  or  ealo  of  merchandise  is  an 
income-producing  factor  in  the  trade  or  busintss,  inventories  of  merchandise  on 
hand  should  be  taken  at  the  beginning  and  end  of  tho  taxable  year.  Enter 
"C",  or  "Cor  M",  on  lines  (a)  and  (c)  to  indicato  whether  the  inventories  are 
valued  at  cost,  or  coat  or  market,  whichever  is  lower. 

3.  CROSS  PROriT 

Enter  as  Item  3  the  gross  profit  derived  from  the  business  or  profession,  which 
is  obtained  by  deducting  item  2,  the  cof  t  of  goods  cold  aa  extended,  from  item  I, 
tho  gross  receipts. 

4.  INCOME  (OR  LOSS)  FROM  ANOTHER  PARTNERSHIP,  ETC. 

Enter  as  item  4  the  share  of  the  proGtg  (whether  received  or  not)  (or  of  the 
losses)  of  another  partnership,  syndicate,  pool,  joint  venture,  etc.,  except  tliat 
the  share  of  dividends  on  stock  of  domestic  corporations  shall  be  included  in 
Item  10  (a)  and/or  (h)  on  page  1  of  the  return,  and  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  tho  annual  accounting  period  of  another  partnership,  syndicate, 
pool,  etc.,  from  which  income  is  received,  there  should  bo  included  in  this  return 
the  distributire  share  of  the  net  profits  (or  losses)  for  the  accounting  period  of 
6ucb  partnership,  syndicate,  pool,  etc.,  ending  within  the  accounting  period  for 
which  thia  return  is  filed. 

B.  INTEREST  ON  BANK  DEPOSITS,  ETC. 

Enter  as  Item  5  all  interest  received  or  credited  to  the  account  of  the  organka- 
tion  during  the  taxable  year  on  bank  deposits,  notoa,  mortgages,  and  corpora- 
tion bonds,  except  inteic^t  on  bonds  upon  which  a  tax  was  paid  at  the  source. 
Interest  on  bonds  is  considered  income  when  due  and  payable. 

G.  INTEREST  ON  TAX-FREE  COVENANT  BONDS 

Enter  aa  Item  G  interest  on  bonds  upon  which  a  tax  was  paid  at  the  source 
by  the  debtor  corporation,  if  an  ownership  certificate  on  Form  1000  was  filed 
with  the  interest  coupons.  The  tax  of  2  percent  paid  at  the  source  on  such 
interest  should  be  allocated  to  the  partners  oi  members  la  column  6  of  item  25, 
page  I  of  the  return. 

7.  RENTS 

Enter  as  item  7  the  gross  amount  Yeceived  for  the  rent  of  property.  Any 
deductions  claimed  for  repairs,  interest,  taxes,  and  depreciatioo  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  c:i3h.  Crops  received  as  rent  on  a  crop- 
share  basis  should  be  reported  as  income  for  the  year  in  uhich  disposed  of, 
imlesB  this  return  shov/s  income  accrued. 

8.  ROYALTIES 

Enter  as  item  8  the  gross  amount  received  as  royalties.  If  a  deduction  la 
claimed  on  account  of  depiction,  it  should  be  included  in  item  22.  See  eections 
23  (m)  and  114  of  the  Revenue  Act  of  1934. 

9.  CAPIT.VL  GAINS  AND  LOSSES 

Report  sales  or  exchanges  of  capital  assets  in  Scbedulo  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 
OP  $2,000  PLUS  CAPITAL  CAINS.)  Describe  the  property  briefly,  and 
elate  the  price  received  or  tho  fair  market  value  of  the  property  received  in 
exchange. 

If  the  property  sold  or  exchanged  was  acquired  prior  to  March  I,  1913,  the 
basis  for  determining  GAIN  Is  the  cost  or  the  fair  market  value  aa  of  March  1, 
1913,  adjusted  as  provided  in  Bection  1 13  (b)  of  the  Revenue  Act  of  1934,  which- 
ever is  greater,  but  in  determining  LOSS  tho  basis  is  cost  so  adjusted.  If  the 
property  was  acquired  after  February  2S,  1913,  and  the  basis  is  not  otherwise 
determined  under  any  of  the  paragraphs  (I)  to  (12),  inclusive,  of  section  113 
(a)  of  the  Revenue  Act  of  1934,  then  the  basis  shall  be  the  E:uno  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 
tha  law  applicable  to  the  year  in  which  the  transfer  was  made.  If  the  property 
WQS  distributed  in  kind  by  a  partnership  to  any  partner,  the  basis  of  such  prop- 
erty in  tho  hands  of  tho  partner  shall  ba  such  part  of  the  basis  in  his  hands  of 
his  parlncrEhip  interest  as  is  properly  allocable  to  such  property.  (Sec  section 
113  of  the  Revenue  Act  of  1934.)  If  the  amount  shown  aa  C03l  is  other  than 
actual  cash  cost  of  the  property  so'd  or  exchanged,  full  details  must  bo  fur- 
llisbed  regarding  the  acquisition  of  the  property. 

Enter  08  depreciation  the  amount  of  exhaustion,  wear  and  tear,  obsolescence, 
or  depletion  which  has  been  allowed  (but  not  Insa  than  the  amount  allowable) 
in  respect  of  such  property  since  date  of  acquisition,  or  since  March  1,  1913,  if 
the  property  w.os  acquired  before  that  date.  In  addition,  if  the  property  was 
acquired  before  March  1,  1913,  the  cost  shall  be  reduced  by  tho  depreciation 
actunlly  sustained  before  that  date. 


Subsequent  improvements  include  expenditures  for  a'Jdiiions,  Improvements^ 
and  repairs  made  to  restore  the  property  or  prolong  its  osefxil  hie.  Do  not 
deduct  ordinary  repairs,  interest,  or  taxes  in  computing  gain  or  loss. 

No  loss  shall  bo  recognized  in  any  sale  or  other  disposition  of  shares  of  stock 
or  securities  \vhcre  the  organization  has  acquired  substantially  identical  stock 
or  securities  within  30  daya  before  or  after  tho  date  of  such  sale  or  disposition, 
unless  the  organization  ia  engaged  in  the  trade  or  business  of  buying  and  sellins 
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  50  per- 
cent in  value  of  the  outstanding  stock.  For  the  purpose  cf  this  paragraph— 
(C)  an  individual  shall  be  considered  as  owning  the  stock  owned,  directly  or 
indirectly,  by  his  family;  and  (D)  tho  family  of  an  individual  sha'l  include  only 
his  brothers  and  sisters  (whether  by  the  whole  or  half  blood),  spouse,  ancestoia^ 
and  lineal  descendants. 

The  provisions  of  tl-^  Revenue  Act  of  1034  relating  to  capital  gains  aad 
losses  are: 

of  k  toxpaVor.  nthcr  than  k  nrporatlon,  onl?  tha  Mloirtiis 
ipOD  lbs  iaia  OT  cicbaoge  ot  a  capital  asset  shall  ba  takSQ  lota 


?U  per  ceatum  it  ibe  capUol  tus«t  lus  be«D  brld  [or  more  than  10  yean. 

tb)  DffinUion  of  cap-tot  oititt.— For  tbe  purpose  of  Ibis  titlo.  "capital  assets"  means  property  bald 
by  ibo  tMpoycr  (whether  or  not  connected  with  his  trade  or  business),  but  doM  not  Inelsda  stoct  la  trad* 
of  the  Li^paycr  or  olhcr  pmpiTtp  o(  a  kind  which  would  properly  be  Included  In  ilio  Invontory  of  tb* 
tiL\p..vrr  Uoabaod  :it  iLaclo^ot  tho  taxable  year,  or  propsrt 7  held  by  the  tai payer  t)rlmanlj  (oiaals 

(I)  iDdoti'rmiaiof!  the  period  (or  which  tbe  taxpayer  has  held  property  rMCi^O'l  oo  an  eicbanM  tbfm 
rb:Jlboinclu'l(?d  iho  period  for  which  ho  held  tbe  properly  eicbanced  iiander  the  provlslonaorBectJaa 
Itsibepropcrlyrccolvedbaa,  for  tbe  purpose  of  determining  ea In  orlossIruDasalo  or  eicbAnse,  tbe mms 
(task  Id  ivholerrr  inpart  iDblsbandsas  ihepi-opcrl^cicbaiised. 

<2)  Id  dotcmilnlDe  the  p?ni>d  fnr  which  tbe  tiupaycr  has  held  property  however  acanired  ihwe  jhaD 
■—        '  .....  .purposeofdotennlnlDBBO'        "  '  ■      -     -■- 

liicd  to  the  distilbatoo  under  tho  proTbJoDS  of  SAcllon  lia  '^  of 


(.■!>_  Ui_ determining  the  period  (or  which  ^''•JtaxjTOyer  bas  held  stock  or  eecurtilai  rec 


3  tbe  aoantsitloD  of 
tries,  then  shall  to 


osses  from  sales  or  eTchaci^cs  ot  apltal  assoU  shall  bo  allowed  ooiw 
from  Bucb  sfltos  or  eicbanees.    "    *    • 

lS  ot  property  shall  ba  considered  as  Ealos  01  losses  from  ealcs  or 


irlvil((-a9  or  options  to  boy  01 


ropertyshaO 


corporation  (tncliidlnc  Ihose  lsBU«d  by  a  aoverrunetjl  01  pollilciil  subdivbion  tbereoO.  with  tnteiwt 
oDuponi  or  in  registered  lorm,  shall  be  considered  as  omoiuits  recelrod  la  aicbangv  iherBlor. 

Not islthstan ding  the  provisions  of  section  117  (a)  above,  100  percent  of 
the  gain  resulting  to  tho  distributee  from  distributions  in  liquidation  of  a  cor- 
poration shall  be  taken  Into  account  in  computing  net  income.  (Sec  scetioD 
1 1 5  {,:)  of  the  Revenue  Act  of  1 034  ) 

SECTION  117  APPLIES  ONLY  TO  GAINS  AND  LOSSES  UPON  THE 
SALE  OR  EXCBANGE  OF  CAPITAL  ASSETS  AND,  THEREFORE,  HAS 
NO  APPUCATION  TO  LOSS  OF  USEFUL  VALUE  UPON  THE  PERMA- 
NENT ABANDONMENT  OF  THE  USE  OF  PROPERTY  OR  L099 
SUSTAINED  AS  THE  RESULT  OF  CORPORATE  STOCK  OH  DEBTS 
BECOMING   WORTHLESS. 

10.  DIVIDENDS 

Describe  in  detail  in  Schedule  I  all  dividends  received  during  the  taxable  year. 

Enter  as  item  10  (a)  dividends  from  a  domcstio  corporation  which  is  subject 
to  taxation  un'ier  Titlo  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  the  shara 
of  such  dividends  received  on  stock  owned  by  another  partnership,  syndicate, 
pool,  etc.  Enter  as  item  10  (b)  dividends  from  a  domestic  corporation  whioh 
is  not  subject  to  taxation  under  Title  I  of  the  Revenue  A«t  of  1934  (such  aa 
a  building  and  loan  association,  etc.).  Eater  as  item  10  (c)  dividends  from  a 
foreign  corporation  and  dividends  from  a  corporation  entitled  to  the  beneSta 
of  section  251  of  the  Revenue  Act  of  1931  and  a  corporation  orgaoised  under 
the  China  Trade  Act,  1922, 

11.  OTHER  INCOME 

Enter  as  item  11  all  other  taxable  income  for  which  do  epaoe  Is  provided 
elsewhere  on  page  1  of  the  return. 

12.  TOTAL  INCOME 
Enter  as  item  12  the  net  amount  of  items  3  to  II,  inclusive,  after  deduction 


any  losses  reported  i 


a  3,  4,  and  9. 

13.  SALARIES 


Enter  as  item  13  all  salaries  and  wages  not  included  as  a  deduction  in  lirv*  (e) 
of  item  2;  except  compensation  for  partners  or  members,  which  shall  not  be 
claimed  &i  a  deduction  ic,  this  item  or  elsewhere  on  the  return. 


Enter  as  item  14  rent  on  business  property  in  which  tbe  organization  has  no 
equity.  Do  not  include  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,  supplicj,  and  other  items  which  do  not  appreciably 
add  to  the  value  or  Ufe  of  the  property.  Do  not  include  e.^pcnditurc3  for  tha 
cost  of  rcplaoemeals  or  permanent  improvements  to  property,  nor  the  coat  of 
business  equipment  or  furniture.  List  in  Schedule  0  the  principal  items  of  cost* 
(Tjoupir^S  the  minor  items  in  one  amount. 

16.  INTEREST 

Enter  as  item  IG  interest  on  business  indebtedness  to  others.  Do  not  include 
interest  on  capital  invested  in  or  advanced  to  the  business  by  any  partner  or 
member,  u  i"  interest  on  indebtedness  incurred  or  continued  to  purchase  or  carry 
cbUgatione  (other  than  obligations  of  the  United  SUtcs  issued  after  Septembw 
24,  1917,  and  originally  subscribed  for  by  the  taxpayer)  the  interest  upon 
n'hich  is  wholly  exempt  from  taxati;>n. 


STATISTICS   OF   INCOME 


163 


17.  TAXES 

Enter  as  item  17  taxes  on  business  property  or  for  carrying  on  business. 
Do  not  include  taxes  assessed  against  local  benefits  tending  to  increase  the 
value  of  the  property  assessed,  as  for  paving,  etc.  Federal  income  taxes,  nor 
estate,  inheritance,  legacy,  succession,  and  gift  taxes,  nor  taxes  entered  in 
column  6  of  item  25,  page  1  of  the  return.  List  in  Schedule  D  each  class  of 
taxes  deducted. 

18.  LOSSES  BY  FIRE,  STORM,  ETC. 

Enter  as  item  18  losses  sustained  during  the  year,  if  incurred  En  the  trade 
or  business,  or  of  property  not  connected  with  the  trade  or  business,  if  arising 
by  fire,  storm,  shipwreck,  or  other  casualty,  or  from  theft,  and  not  compen- 
sated for  by  insurance  or  otherwise.  See  section  23  (e)  of  the  Revenue  Act 
of  1936.     Explain  such  losses  in  Schedule  E. 

19.  BAD  DEBTS 

Enter  as  item  19  debts,  or  portions  thereof,  arising  from  sales  or  services 
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  reserve  for  bad  debts  within  the  year. 

If  the  debts  are  included  in  the  deduction  claimed,  state  in  Schedule  F  on 
line  (a)  of  what  the  debts  consisted,  line  (6)  when  they  were  created  and 
when  they  became  due,  line  (c)  what  efforts  were  mzde  to  collect,  and  line  (d) 
how  they  were  actually  determined  to  be  worthless. 

If  the  amount  deducted  is  an  addition  to  a  reserve,  enter  on  the  lines  pro- 
vided 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  collected,  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  or 
for  the  use  of:  (o)  The  United  States,  any  State,  Territory,  or  any  political 
subdivision  thereof,  or  the  District  of  Columbia,  for  exclusively  public  pur- 
poses; (6)  any  corporation,  or  trust,  or  community  chest,  fund,  or  foundation, 
organized  and  operated  exclusively  for  r,eligious,  charitable,  scientific,  lit- 
erary, 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  individual,  and  no  substantial  part  of  the  activities  of 
■which  is  carrying  on  propaganda,  or  otherwise  attempting,  to  influence  legis- 
lation; (c)  the  special  fund  for  vocational  rehabilitation  authorized  by  section 
12  of  the  World  War  Veterans'  Act,  1924;  (d)  posts  or  organizations  of  war 
veterans,  or  auxiliary  units  or  societies  of  any  such  posts  or  organizations,  if 
such  posts,  organizations,  units,  or  societies  are  organized  in  the  United 
States  or  any  of  its  possessions,  and  if  no  part  of  their  net  earnings  inures  to 
the  benefit  of  any  private  shareholder  or  individual;  or  (e)  a  fraternal  society, 
order,  or  association,  operating  under  the  lodge  system,  but  only  if  such  con- 
tributions or  gifts  are  to  be  used  exclusively  for  religious,  charitable,  scien- 
tific, literary,  or  educational  purposes,  or  for  the  prevention  of  cruelty  to 
children  or  animals.  The  amount  claimed  shall  pot  exceed  15  percent  of  the 
organization's  net  income  computed  without  the  benefit  of  this  deduction. 
List  organizations  and  amounts  contributed  to  each  in  a  separate  schedule. 

21.  DEPRECUTION 

The  amount  deductible  on  account  of  depreciation  in  item  21  is  an  amount 
reasonably  measuring  the  portion  of  the  investment  in  depreciable  property 
by  reason  of  exhaustion,  wear  and  tear,  or  obsolescence,  which  is  properly 
chargeable  against  the  operations  of  the  year.  If  the  property  was  acquired 
by  purchase  on  or  after  March  1,  1913,  the  amount  of  depreciation  should  be 
determined  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  manner,  except  that  it  will  be 
computed  on  its  original  cost,  less  depreciation  sustained  prirr  to  March  1, 
1913,  or  its  fair  market  value  as  of  that  dat^,  whiche\'er  is  greater.  If  the 
property  was  acquired  in  any  other  manner  than  by  purchase,  see  section  114 
of  the  Revenue  Act  of  1936.  The  capital  sum  to  be  recovered  should  be 
charged  off  ratably  ever  the  useful  life  of  the  property.  WTiatever  plan  or 
method  of  apportionment  is  adopted  must  be  reasonable,  must  have  due 
regard  to  operating  conditions  during  the  taxable  year  and  should  be 
described  in  the  return. 

If  a  deduction  is  claimed  on  account  of  depreciation,  fill  in  Schedule  G.  In 
case  obsolescence  is  included,  state  separately  amount  claimed  and  basis  upon 
which  it  is  computed.  Land  values  or  cost  must  not  be  included  in  the  sched- 
ule, and  where  land  and  buildings  were  purchased  for  a  lump  sum  the  cost  of 
the  buildings  subject  to  depreciation  must  be  established.  The  adjusted  prop- 
erty accounts  and  the  accumulated  depreciation  shown  in  the  schedule  should 
be  reconciled  -with  those  accounts  as  feflected  on  the  books  of  the  taxpayer. 
(See  sections  23  (1)  and  114  of  the  Revenue  Act  of  1936.) 

Do  not  claim  any  deduction  for  depreciation  in  the  value  of  a  building 
occupied  by  any  partner  or  member  as  a  dwelling,  or  of  other  property  held 
for  personal  use,  nor  on  slocks,  bonds,  and  like  securities, 

22.  OTHER  DEDUCTIONS 

Enter  as  item  22  any  other  authorized  deductions  for  which  no  space  is  pro- 
vided elsewhere  on  page  1  of  the  return.  Do  not  deduct  losses  incurred  in 
transactions  which  were  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  auch  exempt  income  shall  be  allocated  thereto, 
and  items  directly  attributable  to  any  class  of  taxable  income  shall  be  allocated 
to  such  taxable  income.  An  organization  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  its  return  as  a  part  thereof  an  item- 
ized statement,  in  detail,  showing  (1)  the  amount  of  each  class  of  exempt 
income,  and  (2)  the  amount  of  items  allocated  to  each  such  class  (the  ainount 
allocated  by  apportionment  being  shown  separately). 

23.  TOTAL  Dii:DUCTIONS 

Enter  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  ^4  the  net  income,  which  is  obtained  by  deducting  item  23 
from  item  12.  The  net  income  of  the  organization  shall  be  computed  upon 
the  basis  of  its  taxable  year  in  accordance  with  the  method  employed  in 
keeping  the  books,  unless  such  method  does  not'clcarly  reflect  the  income. 

25.  PARTNERS'  OR  MEMBEP.S"  SHARES  OF  INCOME  AND  CREDITS 

Enter  the  names  and  addresses  of  the  partners  or  members  on  lines  (a), 
(6),  (c),  etc.,  in  column  1  of  item  25,  page  1  of  the  return,  and  extend  in  the 
proper  columns  each  partner's  or  member's  shares  of  the  net  income  whether 
distributed  or  not.  Item  25  should  also  show  complete  information  with 
respect  to  all  members  of  the  partnership,  syndicate,  group,  etc.,  having  any 
interest  during  any  portion  of  the  taxable  year. 

Earned  income. — Enter  in  column  3  the  proper  part  of  each  partner's  or 
member's  distributive  share  of  the  organization's  net  income  which  consisU 


of  earned  income.  Such  part  cannot  exceed  a  reasonable  allowance  as  com- 
pensation for  personal  services  actually  rendered  by  the  partner  or  member 
in  connection  with  the  organization's  business.  In  the  case  of  an  organization 
which  is  engaged  in  a  trade  or  business  in  which  capital  is  a  material  income- 
producing  factor  and  in  the  trade  or  business  of  which  the  partner  or  member 
renders  personal  services  which  are  material  to  the  earning  of  the  organiza- 
tion's income,  the  earned  income  of  the  partner  or  member  from  the  organ- 
ization is  a  reasonable  allowance  as  compensation  for  the  personal  services 
actually  rendered  by  him,  but  not  in  excess  of  20  percent  of  his  share  of  the 
net  profits  of  the  organization  (computed  without  deduction  for  so-called 
salaries  to  partners  or  members). 

Credit  for  taxes. — If  interest  was  received  on  tax-free  covenant  bonds  in 
coTmection  with  which  an  ownership  certificate  on  Form  1000  was  filed,  the 
tax  of  2  percent  paid  at  the  source  on  such  interest  should  be  allocated  to  the 
partners  or  members  in  column  5. 

If  income  tax  paid  to  a  foreign  country  or  a  possession  of  the  United  States 
is  entered  in  column  6,  submit  Form  lli6  with  tliis  return  with  a  receipt  for 
each  such  tax  payment.  In  case  the  amount  entered  in  column  6  includes 
foreign  taxes  accrued  but  not  paid,  attach  to  the  form  a  certified  copy  of  the 
return  on  which  the  taxes  were  based.  The  Commissioner  may  require  the 
partners  or  members  to  give  a  bond  on  Form  1117  for  the  payment  of  any 
additiorial  tax  found  due  if  the  foreign  tax  when  paid  differs  from  the  amount 
claimed. 

26.  INTEREST  ON  GOVERNMENT  OBLIGATIONS.  ETC. 

Enter  on  the  proper  lines  in  column  2  of  Schedule  H  the  amount  of  obliga- 
tions or  securities  owned  at  the  end  of  the  year,  including  the  share  of  such 
obligations  owned  in  another  partnership,  syndicate,  group,  etc.,  and  in  col- 
umn 3  the  interest  received  or  accrued  thereon  during  the  year.  Each 
partner  or  member  should  be  advised  as  to  the  amount  of  his  share  of  these 
obligations  and  of  the  interest,  in  order  that  he  may  include  this  information 
in  his  individual  income  tax  return  and  determine  whether  such  interest  is 
subject  to  tax. 

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  meaning  of  the  Revenue  Act  of  1936,  trusts,  estates,  or  corpora- 
tions) and  everj*  foreign  partnership,  sjmdicate,  pool,  etc.,  doing  business 
within  the  United  States  or  in  receipt  of  income  from  sources  therein  regard- 
less of  the  amount,  shall  make  a  return  of  income  on  Form  10G5  for  the  calen- 
dar year  1936  or  for  a  fiscal  year  begun  in  1936  and  ended  in  1937.  (See  sec- 
tion 1001  (a)  (3)  and  Supplement  F  of  the  Revenue  Act  of  1936.)  If  this 
return  is  filed  on  behalf  of  a  syndicate,  pool,  joint  venture,  or  similar  group, 
a  copy  of  the  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  the  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  forwarded  to  the  collector  prior  to  the  expiration  of  30  days  from  the 
close  of  the  proposed  accounting  period. 

29.  ACCRUED  OR  RECEIVED  INCOME 

If  the  books  of  account  are  kept  on  an  accrual  basis,  report  all  income  ac- 
crued, even  though  it  has  not  been  actually  received  or  entered  on  the  books, 
and  expenses  incurred  instead  of  expenses  paid. 

If  the  books  are  not  kept  on  the  accrual  basis,  report  all  income  received  or 
constructively  received,  such  as  bank  interest  credited  to  the  account  of  the 
organization,  and  expenses  paid. 

30.  AFFIDAVITS 

Partner  or  member.— The  return  shall  be  sworn  to  by  any  one  of  the  part- 
ners or  members.  If  receivers,  trustees  in  bankruptcy,  or  assignees  are  in 
control  of  the  property  or  business  of  the  organization,  such  receivers,  trus- 
tees, or  assignees  shall  execute  the  return  under  oath. 

Where  return  is  prepared  by  someone  other  than  the  organization. — Ques- 
tion 1  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  organization, 
such  person  or  persons  must  execute  the  affidavit  at  the  foot  of  page  2  of  the 

An  attorney  or  agent  employed  to  represent  the  organization  before  the 
Department  in  connection  with  tax  matters  is  not  permitted  to  ac'minister  the 
oath. 

31.    WHEN  AND  WHERE  THE  RETURN  MUST  BE  FILED 

The  return  must  be  filed  on  cr  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  wliich  the  organization  has  its  principal  office  or  place  of 
business.  The  return  for  a  foreign  partnarship,  sj-ndicate,  pool,  etc.,  shall  be 
filed  on  or  before  the  fJ'teenth  day  of  the  sixth  month  following  the  close  of 
the  taxable  year,  and  if  such  foreign  organization  does  not  have  any  principal 
place  of  business  or  principal  ofSco  or  agency  in  the  United  States,  the  return 
shall  be  filed  with  the  Collector  of  Internal  Revenue,  Baltimore,  Mar>land. 

The  collector  may  grant  a  reasonable  extension  of  time  for  filing  a  return, 
not  to  exceed  6  months,  if  application  therefor  is  made  before  the  date  pre- 
scribed by  law  for  filing  such  return,  whenever  in  his  judgment  good  caus« 

32.  PENALTIES 

For  willful  failure  to  make  a  return  on  time.— Not  more  than  $10,000  or 
imprisonment  for  not  more  than  1  year,  or  both,  together  with  the  costs  of 
prosecution. 

For  willfully  attempting  to  evade  or  defeat  payment  of  the  tax. — Not  more 
than  $10,000,  or  imprisonment  for  not  more  than  5  years,  or  both,  together 
\vi*h  the  costs  of  prosecution. 

33.  INFORMATION  AT  SOURCE 

Every  partnership,  syndicate,  pool,  etc.,  is  required  to  make  a  return  on 
Forms  1096  and  1099  with  respect  to  amotmts  paid,  credited,  or  distributed 
during  the  calendar  year  (a)  as  salaries  or  other  compensation  for  personal 
services  (except  salaries  paid  to  the  partners  or  members),  totaling  $1,000  or 
more  in  the  case  of  a  citizen  or  resident  who  is  not  married  or  whose  marital 
status  is  unknown,  or  $2,500  or  more  in  the  case  of  a  married  citizen  or  resi- 
dent, or  (fc)  as  interest,  rent,  or  other  fixed  or  determinable  income  totaling 
$1,000  or  more,  to  a  fiduciary,  a  domestic  or  resident  partnership,  syndicate, 
pool,  etc.,  or  a  citizen  or  resident.  The  forms  will  be  furnished  by  any  col- 
lector of  internal  revenue  upon  request.  Such  returns  covering  the  calen- 
dar year  1936  must  be  fonvarded  to  the  Commissioner  of  Internal  Revenue, 
Sorting  Section,  Washington,  D.  C,  i       '        *     '  '"""  "   '  '  "'^"" 

February  15,  1937. 


:  to  be  received  not  later  than 


INDEX 


A  Page 

Additional  tax,  estate  tax  returns 46,  62-71 

Agriculture  and  related  industries,  individual  income  tax  returns,  net  in- 
come of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 102 

Aliens,  individual  income  tax  returns  of: 

Compensation,  resident  (note  2) 140 

Credit  for  dependents  (notes  12  and  16) 139,  141 

Filing  returns  (note  1) 140 

Personal  exemption  (notes  9,  12,  and  16) 139,  141 

Tax  rates  (notes  13  and  16) 139,  141 

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 26-27 

By  size  of  profit  and  loss 105 

Average  net  income,  individual  income  tax  returns,  by  States 83 

Average  tax,  individual  income  tax  returns: 

Net  income  classes 84 

States 83 

B 

Back  taxes,  defined  (item  6) 4 

Bonds.     {See  Stocks  and  bonds.  Estate  tax  returns;  Gift  tax  returns.) 
Business  profit  and  loss,  individual  income  tax  returns: 
All  returns: 

Amount  and  percent 10 

Net  income  classes 11-12 

No  net  income: 

Amount 31 

Deficit  classes 133-134 

Percentage  distribution  by  net  income  classes 13-14 

States 95-96 

Years,  1916  through  1936 39-41 

Returns  with  net  income  of  $5,000  and  over: 

Explanatory  text 25 

Frequency  distribution: 

By  size  of  business  profit  classes 16-17,  102 

By  size  of  business  loss  classes 18-19,  102 

Industrial  groups  and  subgroups: 

Returns  with  schedule  A 26-27 

Returns  without  schedule  A 27 

Salaries  and  wages  paid 27 

Total  receipts 26-27 

Net  income  classes 11-12,  98,  100 

By  size  of  selected  sources  of  income  and  loss 16-19 

Years,  1916  through  1936 41-44 

165 


166  INDEX 

c 

Capital  gains  and  losses,  individual  income  tax  returns:  Page 

Explanatory  text 8 

Income  and  loss  from: 

Amount  and  percent 10 

Frequency  distribution,  net  income  of  $5,000  and  over  by  net  in-  ' 
come  classes: 

By  size  of  capital  gain  classes 19-20 

By  size  of  capital  loss  classes 21 

Net  income  classes 11-12,  98,  100 

No  net  income: 

Amount 31 

Deficit  classes 133-134 

Percentage  distribution  by  net  income  classes 13-14 

States-- 95-96 

Years,  1922  through  1933,  capital  net  gain 40-44 

Years,  1924  through  1933,  capital  net  loss 41-44 

Capital  stock  in  estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue  Acts.  48-50 
Changes  in  tax  laws  affecting  comparability  of  statistical  data: 

Estate  tax  returns 146-147 

Gift  tax  returns 148 

Individual  income  tax  returns 138-145 

Charitable  bequests: 
Estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue 

Acts 48-50 

Gift  tax  returns: 

By  net  gift  classes 77 

By  total  gift  classes 78-79 

Chemicals  and  aUied  products,  individual  income  tax  returns,  net  income 
of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

Cities  and  counties,  number  of  individual  income  tax  returns  by 32 

Citizen  and  resident  decedents,  estate  tax  returns 45,  48-49 

Collections  or  taxes  paid  not  comparable  with  tax  liability 3-4 

Community  property  income,  individual  income  tax  returns: 

Number  and  net  income 6-7 

Net  income  classes 94 

States 91 

Comparability  with  previous  years 4 

Construction,  individual  income  tax  returns,  net  income  of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  loss 104 

Contributions,  individual  income  tax  returns: 

Amount  and  percent 10 

Net  income  classes 12,  101 

No  net  incoine: 

Amount  of  deduction  for 31 

By  deficit  classes 134 

Percentage  distribution  b v  net  income  classes 14 

States 1 97 

Years,  1917,  1920,  1922  through  1936 39-44 

Counties  and  cities,  number  of  individual  income  tax  returns  by 32 

Credits: 

Estate  tax  returns 46,  61-71 

Individual  income  tax  returns: 

Allowed 3 

Dependents 7,  85 

Earned  income 7,  85 

Personal  exemption 7,  85 

Personal  exemption  and  credit  for  dependents,  bv  States 83 

Tax  credits,  years,  1923  through  1933 34 


INDEX  167 

Cumulative  distribution,  individual  income  tax  returns:  Page 

Number,  net  income,  and  tax 5-6,  86-88 

Curative  service,  individual  income  tax  returns,  net  income  of  $5,000  and 
over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 105 

D 

Debts,  unpaid  mortgages,  etc.,  estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue  Acts.  48-50 
Deductions: 

Estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue 

Acts 48-50 

Gift  tax  returns: 

By  net  gift  classes 77 

By  total  gift  classes 78-79 

Individual  income  tax  returns: 

Amount  and  percent 10 

Business  loss 10,  12,  13,  18-19,  96,  100 

Contributions 10,  12,  14,  97,  101 

Interest  paid 10,  12,  14,  97,  101 

Net  capital  loss 10,  12,  13,  21,  96,  100 

Net  income  classes 12-14,  96-97,  100-101 

No  net  income: 

Amount 31 

Deficit  classes 134 

Partnership  loss 12,  13,  96,  100 

Percentage  distribution  by  net  income  classes 13-14 

States 96-97 

Taxes  paid 10,  12,  14,  97,  101 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936,  net  income  $5,000  and  over 42-44 

Deficit,  individual  income  tax  returns: 

Amount 31 

Deficit  classes 31,  134 

Defined 3 

States 133 

Dependents,  credit  for,  individual  income  tax  returns: 

Amount  and  percent 7 

Net  income   classes   and   under  $5,000   by   taxable   and   nontaxable 

returns 85 

Dividends  on  stock  of  domestic  corporations,  individual  income  tax  returns: 

Amount  and  percent 10 

Frequency  distribution;  net  income  $5,000  and  over,  by  net  income 

classes  and  by  size  of  dividend  classes 23-24 

Net  income  classes 11,  99 

No  net  income: 

Amount 31 

Deficit  classes 133 

Percentage  distribution  by  net  income  classes 13 

States 95 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936,  net  income  of  $5,000  and  over 41-44 

Domestic  service,  individual  income  tax  returns,  net  income  of  $5,000  and 
over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 105 


Earned  income  credit,  individual  income  tax  returns: 

Amount 7 

Net  income  classes 85 

Tax  credit  by  years 34 


168  INDEX 

Educational  service,  individual  income  tax  returns,  net  income  of  $5,000 

and  over:  Pa=9 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 106 

Effective  tax  rate  (percent),  individual  income  tax  returns: 

Amount,  1935  and  1936 4 

Net  income  classes 85 

Years,  1916  through  1936 38-39 

Engineering  service,  individual  income  tax  returns,  net  income  of  $5,000 
and  over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 106 

Estates  and  trusts,  individual  income  tax  returns: 

Number  and  net  income 7 

Net  income  classes 94 

States 91 

Estate  tax  returns: 

Explanatory  text 45-47 

Resident  decedents: 
Nontaxable : 

Deductions 48-50 

Form  of  property 48-50 

Gross  estate 48-50 

Number  of  returns: 

By  Revenue  Acts  under  which  filed 49 

By  States 69-71 

Revenue  Acts  under  which  filed 49 

States 69-71 

Taxable : 

Additional  tax: 

By  Revenue  Acts  under  which  filed 62-68 

By  States 69-71 

Deductions 5 1-59 

Form  of  propertv 51-59 

Gross  estate...  1 51-59,69-71,72 

Net  estate 61-68,69-71,  72 

Number  of  returns: 

By  Revenue  Acts  under  which  filed 49 

By  States 69-71 

Revenue  Acts  under  which  filed 49 

States 69-71 

Tax  credits: 

By  net  estate  classes 6 1-68 

By  States 69-71 

Tax  liability: 

By  net  estate  classes 61-68 

By  Revenue  Acts  under  which  filed 61-68 

By  States 69-71 

Resident  and  nonresident  decedents,  taxable  and  nontaxable: 

Rates,  specific  exemption  and  credits  against  tax.  Revenue 

Acts  1916  through  1936 146-147 

Years,  1916  through  1937,  historical  summary 72-73 

Estimated  returns,  individual  income  tax  returns 2 

Excess-profits  tax: 

Individual  income  tax  returns  (footnote  4) 34 

Partnership  returns  (footnote  4) 34 

Exemptions : 

Estate  tax  returns 48-60,  69-71 

Gift  tax  returns 77-79 

Individual  income  tax  returns: 

Amount 7 

Net  income  classes 85 

States ^  83 

Exclusions,  gift  tax  returns 11-19 


INDEX  169 

F 

Page 

Family  relationship,  individual  income  tax  returns 6-7 

fiduciary  income,  individual  income  tax  returns: 

Amount  and  percent 10 

Defined 8-9 

Net  income  classes 11,  99 

No  net  income: 

Amount 31 

Deficit  classes 133-134 

Percentage  distribution  by  net  income  classes 13 

States _  95 

Years,  1916,  1922  through  1936 39-41 

Years,  1916,  1922  through  1936,  net  income  of  $5,000  and  over 41-44 

Tinance,  individual  income  tax  returns,  net  income  of  $5,000  and  over: 

Profit  and  loss  from  business  by  subgroups 26-27 

By  size  of  profit  and  loss 107 

Fiscal  year  returns,  individual  income  tax  returns 1-2 

Food  and  kindred  products,  individual  income  tax  returns,  net  income  of 
$5,000  and  over: 

Profit  and  loss  from  business 26-27 

Forest  products,  individual  income  tax  returns,  net  income  of  $5,000  and 
over: 

Profit  and  loss  from  business 26-27 

Forms  for  1936: 

Individual  income  tax  returns,  1040,  1040A 152-159 

Partnership  return,  1065 160-163 

Frequency  distribution  of  selected  sources  of  income  and  loss,  individual 
income  tax  returns,  net  income  of  $5,000  and  over,  by  net  income 
classes  and  by  size  of  each  source  of  income  and  loss: 

Business  profit 16-17 

Business  loss 18-19 

Explanatory  text 14 

Dividends 23-24 

Net  capital  gain 19-20 

Net  capital  loss 21 

Rents  and  royalties 22-23 

Salaries  and  wages 15-16 

Funeral  and  administrative  expenses,  estate  tax  returns: 

By  net  estate  classes 5 1-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue  Acts.  48-50 

G 

Gains  and  losses  (capital),  individual  income  tax  returns 8-9 

Geographic  distribution,  individual  income  tax  returns 4 

Gift  tax  returns: 

Deductions 77-79 

Exclusions  and  exemptions 77-79 

Explanatory  text 74-75 

Forms  of  property 76-77 

Identical  donors 76 

Net  gift  classes 76-77 

Number  of  returns,  taxable  and  nontaxable 75 

Rates,  Revenue  Acts  1924,  1932,  amended  by  1934,  and  by  1935 148 

Tax 75-77,79 

Total  gift  classes 78-79 

Trust,  amount  bv 75 

Years,  1 932-1 936 75 

Government  securities,  wholly  and  partially  tax-exempt,  individual  in- 
come tax  returns 29-30 

Oross  estate,  estate  tax  returns: 

Net  estate  classes 51-60 

States,  citizen  or  resident  decedents 69-71 

Taxable  and  nontaxable  returns,  filed  under  various  Revenue  Acts 48-50 

Years,  1916  through  1937,  resident  and  nonresident  decedents 72 


170  INDEX 

H 

Heads  of  families,  classified,  individual  income  tax  returns:  Page 

Number  and  net  income 7 

Net  income  classes 92-93 

States 89-90 

Historical  summaries: 

Estate  tax  returns: 

Resident  and  nonresident,  1916  through  1937 72-73 

Gift  tax  returns: 

Years,  1932  through  1936 75 

Individual  income  tax  returns: 

Effective  tax  rate  (percent),  1916  through  1936 38-39 

Net  income  by  net  income  classes,  1916  through  1936 36-37 

Number  by  net  income  classes,  1914  through  1936 34-35 

Sources  of  income,  1916  through  1936 39-44 

States,  1926  through  1936 108-132 

Tax  by  net  income  classes,  1916  through  1936 37-38 

Years,  1913  through  1936 • 33-34 

Husbands  and  wives,  joint  returns  of,  individual  income  tax  returns: 

Number  and  net  income 7 

Net  income  classes 92 

States 89 

Husbands  filing  separate  returns 89,  92 

I 

Income.      (See  Individual  income.) 

Income  tax.      {See  Individual  income  tax.) 

Income  tax  rates.      (.See  Synopsis  of  income  and  profits  tax  rates.) 

Income  tax  returns.      (See  Individual  income  tax  returns.) 

Income  and  profits  taxes  paid  foreign  countries 3 

Individual  income: 
Net: 

Amount  and  percent 4 

Average 4,  83 

Cumulative  distribution  by  net  income  classes 5-6,  87 

Defined 3 

Exempt  from  normal  tax 7 

Net  income  classes 5,  84 

Net  income  classes  and  by  sex  and  family  relationship 92-94 

Net  income  classes  and  by  States 108-132 

Percentage  distribution  by  net  income  classes 14 

Sex  and  family  relationship 7 

Simple  and  cumulative  distribution  by  net  income  classes 5-6,  87 

Sources  of  income 10,  12,  97,  101 

States 83,  108-132 

States,  and  by  sex  and  family  relationship 89-91 

Subject  to  normal  tax 7 

Years,  1913  through  1936,  amount 33 

Years,  1916  through  1936,  by  net  income  classes 36-37 

Years,  1926  through  1936,  States 108-132 

Nontaxable,  under  $6,000: 

Net  income  cla.sses 84 

Net  income  classes  and  by  States 108-132 

Sources  of: 

Amount  and  percent 10 

Frequency   distribution   by   net   income  classes  and  by   size  of 

each  source  of  income  and  loss 1 5-24 

Net  income  classes 11-12,  98-101 

No  net  income: 

Amount 31 

Deficit  classes 133-134 

Percentage  distribution  by  net  income  classes 13-14 

Profit  and  loss  from  business,  bv  industrial  groups 25-27 

Revised  figures  (footnotes  4,  18^  19,  and  20) 44 

States 95-96 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936,  net  income  of  $5,000  and  over 41-44 


INDEX  171 

Individual  income — Continued. 

Total :  Page 

Amount  and  percent 10 

Net  income  classes 11,  lOO 

No  net  income: 

Amount 31 

Deficit  classes 134 

Percentage  distribution ,  by  net  income  classes 13 

States 9S 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936,  net  income  of  $5,000  and  over 41-44 

Individual  income  tax  (see  also  Excess-profits  tax) : 

Amount,  average,  and  rate  on  net  income 4 

Average: 

For  1936  and  1935 4 

Net  income  classes 84 

States 83 

Average  rate  of  tax  on  net  income  (effective  tax  rate) : 

Net  income  classes 85 

Years,  1916  through  1936,  by  net  income  classes 38-39 

Comparison  1936  with  1935 4 

Credits  (see  also  Credits) 34 

Cumulative  distribution  by  net  income  classes 6,  88 

Net  income  classes 84 

Net  income  classes  and,  by  States 108-132 

Normal  tax: 

Net  income  classes 84 

Rates,  Revenue  Acts  1913  through  1936 139 

Years,  1913  through  1936 34 

Simple  and  cumulative  distribution  by  net  income  classes 6,  88 

States 83,  108-132 

Surtax: 

Net  income  classes 84 

Rates,  Revenue  Acts  1913  through  1936 _       142-143 

Years,  1913  through  1936 34 

Total: 

Net  income  classes 6.  84 

States 83 

Years,  1913  through  1936 34 

Years,  1916  through  1936,  and  by  net  income  classes 37-38 

Years,  1926  through  1936,  States 108-132 

Individual  income  tax  returns: 

Changes  in  tax  laws  affecting  comparabilitv  of  statistical  data: 

Credits 1 139,  144-145 

Personal  exemption 139 

Rates,  Revenue  Acts  1913  through  1936 138-139 

Requirements  for  filing  returns 138 

Supplemental  rates  and  tax  credits.  Revenue  Acts  1917  through 

1936 144-145 

Comparison  1936  with  1935 4 

Credit  for  dependents  by  net  income  classes 85 

Deductions  in.      {See  Deductions.) 

Earned  income  credit 7,  85 

Fiscal  year  returns  tabulated 1-2 

Geographic  distribution 4 

Method  of  compiling  data;  net  income  under  $5,000 2 

Net  income  classes  and  under  $6,000  by  taxable  and  nontaxable  re- 
turns   84-85 

Net  income  classes,  by  States,  and  under  $6,000,  by  taxable  and 

nontaxable  returns 108-132 

No  net  income: 

Deficit  classes 31 

Sources  of  income  and  deduction 31,  133-134 

States,  number  of  returns  and  amount  of  deficit 133 


S3167- 


172  INDEX 

Individual  income  tax  returns — Continued. 

Number  of:  Page 

Counties,  cities,  and  towns 32 

Cumulative  distribution 5,  86 

Frequency  distribution  by  net  income  classes  and  by  size  of  each 

source  of  income  and  loss 15-24 

Net  income  classes 5,  11,  84 

Net  income  classes  by  States 108-132 

Net  income  classes  by  years,  1914  through  1936 34-35 

No  net  income 31,  133 

Sex  and  family  relationship 7,  89-91,  92-94 

Simple  and  cumulative  distribution 5-6,  86-88 

Sources  of  income  and  deductions 10,  11,  95-101 

States 83,  108-132 

Stptes  by  net  income  classes 108-132 

Taxable  and  nontaxable  returns,  by  years,  1916  through  1936..         33 

Years,  1913  through  1936 33-34 

Years,  1936  and  1935  compared ■      4 

Years,  1926  through  1936,  by  States 108-132 

Percentage  of  population  filing  returns  by  States 83 

Personal  exemption  and  credit  for  dependents  by  States 83 

Personal  exemption  by  net  income  classes 85 

Population  by  States 83 

Procedure  in  tabulation 1-2 

Profit  and  loss  from  business  by  industrial  groups 26-27,  102-107 

Sex  and  family  relationship: 

Amount  and  percent 7 

Net  income  classes,  and  under  $6,000,  by  taxable  and  nontaxable.  92-94 

States • 89-91 

Simple  and  cumulative  distribution  by  net  income  classes 5-6,  86-88 

Sources  of  income  and  deductions: 

Amount  and  percent 10 

Explanatory  text 8-10 

Frequency  distribution  by  net  income  classes  and  by  size  of  each 

source  of  income  and  loss 1 5-24 

Net  income  classes . 1 1-12,  98-101 

No  net  income: 

Amount 31 

Deficit  classes 133-134 

Percentage  distribution  by  net  income  classes 13-14 

States 95-97 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936,  net  income  of  $5,000  and  over 41-44 

States --.  83,  108-132 

Tax-exempt  obligations 29-30 

Unaudited  returns  tabulated 2 

Years,  bv  net  income  classes 34-35 

Years,  1913  through  1936 33-34 

Individuals  required  to  file  returns,  1913  through  1936 138 

Insurance: 

Estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue 

'Acts 48-50 

Gift  tax  returns  by  net  gift  classes 76-77 

Interest,  taxable,  on  partially  tax-exempt  Government  obligations,  indi- 
vidual income  tax  returns: 

Amount  and  percent 10 

Net  income  classes 11,  30,  99 

No  net  income: 

Amount 31 

Deficit  classes 133 

Percentage  distribution  by  net  income  classes 13 

States 96 

Years,  1919  through  1936 39-41 

Years,  1919  through  1936,  net  income  of  $5,000  and  over 41-44 


INDEX  173 

Interest,  other  taxable,  individual  income  tax  returns:  Page 

Amount  and  percent 10 

Net  income  classes 11,  100 

No  net  income: 

Amount 31 

Deficit  classes 133 

Percentage  distribution  by  net  income  classes 13 

States 96 

Years,  1927  through  1936 40-41 

Years,  1927  through  1936,  net  income  of  $5,000  and  over 42-44 

Interest  paid,  individual  income  tax  returns: 

Amount  and  percent 10 

Defined 9 

Net  income  classes 12,  101 

No  net  income: 

Amount 31 

Deficit  classes 134 

Percentage  distribution  by  net  income  classes 14 

States 97 

Years,  1933  through  1936 41 

Years,  1928  through  1936,  net  income  of  $5,000  and  over 43-44 

Investment  brokers;  real  estate,  etc.,  individual  income  tax  returns,  net 
income  of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 107 

Investment  in  bonds,  stocks,  etc.: 
Estate  tax  returns: 

By  net  estate  classes 51-60 

Bv  taxable  and  nontaxable  returns  filed  under  various  Revenue 

'Acts 48-50 

Gift  tax  returns 76-77 


Joint  returns  of  husbands  and  wives,  individual  income  tax  returns: 

Number  of  returns  and  amount  of  net  income 7 

Net  income  classes 92 

States 89 

Jointly  owned  propertv,  estate  tax  returns  (footnotes — 9,  p.  50;  6,  p.  53; 

5,  p.  55;  5,  p.  57;  5,  p.  60) 50,53,55,57,60 

L 

Labor,  individual  income  tax  returns,  net  income  of  $5,000  and  over: 

Profit  and  loss  from  business  by  industrial  groups.- 26-27 

Leather  and  its  manufactures,  individual  income  tax  returns,  net  income 
of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

Legal  service,  individual  income  tax  returns,  net  income  of  $5,000  and 
over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 106 

Liberty  bonds,  Treasury  certificates,  etc.,  individual  income  tax  returns: 

Amount  owned  and  interest  received  by  net  income  classes 29-30 

Liquors  and  beverages,  individual  income  tax  returns,  net  income  of  $5,000 
and  over: 

Profit  and  loss  from  business 26-27 

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 40-41 

Years,  1926  through  1933,  net  income  of  $5,000  and  over 42-44 


174  INDEX 

M 

Manufacturing,  individual  income  tax  returns,  net  income  of  $5,000  and 
over: 

Profit  and  loss  from  business  by  subgroups 26-27 

By  size  of  profit  and  loss 103 

Manufacturing  not  elsewhere  classified,  individual  income  tax  returns,  net 
income  of  $5,000  and  over: 

Profit  and  loss  from  business  by  subgroups 26-27 

Men,  individual  income  tax  returns: 

Number  and  amount  of  net  income 7 

Net  income  classes 92-93 

States 89-90 

Metal  and  its  products,  individual  income  tax  returns,  net  income  of  $5,000 
and  over: 

Profit  and  loss  from  business 26-27 

Mining  and  quarrying,  individual  income  tax  returns,  net  income  of  $5,000 
and  over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 103 

Mortgages,  notes,  cash,  etc.,  estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue  Acts.  48-50 

N 

National  Industrial  Recovery  Act 138,  140 

Nature  of  business  not  given,  individual  income  tax  returns,  net  income  of 
$5,000  and  over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 107 

Net  capital  gain,  individual  income  tax  returns.  8,  10,  11,  13,  19-20,  39-44,  95,  98 

Net  capital  loss,  individual  income  tax  returns 8,  10,  12,  14,  21,  39-44,  96,  100 

Net  estate,  estate  tax  returns  (see  also  Estate  tax  returns) : 

Defined 45 

Net  estate  classes 61-68 

Revenue  Acts 48-50 

States 69-71 

Years,  1916  through  1937 72 

Net  income  defined 3 

Net  income  exempt  from  normal  tax,  individual  income  tax  returns: 

Amount  and  percent 7 

No  net  income.  Form  1040 31 

Normal  income  tax,  individual  income  tax  returns 34,  84 

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 29-30 

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 29-30 

Other  income,  individual  income  tax  returns: 

Amount  and  percent 10 

Net  income  classes Hi  100 

No  net  income: 

Amount 31 

Deficit  classes 133 

Percentage  distribution  by  net  income  classes 13 

States  _   -       9^ 

Years,' i927"throug"h  "1936"/. II ^ 40-41 

Years,  1927  through  1936,  net  income  of  $5,000  and  over 42-44 


INDEX  175 

Other  taxable  mcereot,  individual  income  tax  returns:  Page 

Amount  and  percent 10 

Net  income  classes 11,  lOO 

No  net  income: 

Amount 31 

Deficit  classes 133 

Percentage  distribution  by  net  income  classes 13 

States 96 

Years,  1927  through  1936 40-41 

Years,  1927  through  1936,  net  income  of  $5,000  and  over 42-44 


Paper,  pulp,  and  products,  individual  income  tax  returns,  net  income  of 
$5,000  and  over: 

Profit  and  loss  from  business 26-27 

Partially  tax-exempt  obligations,  individual  income  tax  returns  (see  also 

Wholly  and  partially  tax-exempt  obligations) 28-31 

Partnership  profit  and  loss,  individual  income  tax  returns: 

Amount  of  profit  and  loss,  and  percentages 10 

Defined 8-9 

Loss,  by  net  income  classes 12,  100 

Net  income  classes 11-12,  98-100 

No  net  income: 

Amount 31 

Deficit  classes 133-134 

Percentage  distribution  by  net  income  classes 13 

Profit,  by  net  income  classes 11,  98 

States 95-96 

War  and  excess-profits  tax  (footnote  4) 34 

Years.  1917  through  1936 39-41 

Years,  1917  through  1936,  net  income  of  $5,000  and  over 42-44 

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 

returns 85 

Personal  exemption  and  credit  for  dependents,  individual  income  tax  re- 
turns by  States 83 

Population  of  the  United  States,  estimated  as  of  July  1,  1936,  by  States.-         83 
Power  of  appointment,  estate  tax  returns.      (See  Jointly  owned  propertj'.) 
Printing,  publishing,  and  allied  industries,  individual  income  tax  returns, 
net  income  of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

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

By  industrial  groups 26-27 

Profit  from  sale  of  real  estate,  stocks,  bonds,  etc.,  individual  income  tax 
returns : 

Years,  1917  through  1933 40-41 

Years,  1917  through  1933,  net  income  of  $5,000  and  over 42-44 

Property  in  estate  tax  returns  by  net  estate  classes,  classified 51-59 

Property  previously  taxed,  estate  tax  returns.     (*See  Jointly  owned  prop- 
erty.) 

Q 

I  Quarrying,  individual  income  tax  returns.     (See  Mining  and  quarrying.) 

R 
I  Real  estate: 

Estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns  filed  under  various  Revenue 

Acts 48-50 

Gift  tax  returns  by  total  gift  and  net  gift  classes 76-79 


176  INDEX 

Real  estate — Continued. 

Individual  income  tax  returns,  net  income  of  $5,000  and  over:  Page 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 107 

Rents  and  royalties,  individual  income  tax  returns: 

Amount  and  percent 10 

Frequency  distribution,  net  income  of  $5,000  and  over,  b}'  net  income 

classes  and  bj^  size  of  income  and  loss 22-23 

Net  income  classes 11,  99 

No  net  income: 

Amount 31 

Deficit  classes 133 

Percentage  distribution  by  net  income  classes 13 

States 95 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936,  net  income  of  $5,000  and  over 42-44 

Requirements  for  filing  individual  income  tax  returns 138 

Retail  trade,  individual  income  tax  returns,  net  income  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

Returns  tabulated,  individual  income  tax  returns 2 

Returns  on  Form  1040;  no  net  income,  individual  income  tax  returns: 

Deficit  classes 31,  133-134 

Sources  of  income  and  deductions 31,  133-134 

States 133 

Revenue  Acts.  1913  through  1936: 

Estate  tax  returns;  tax  rates,  specific  exemption,  and  credits  against 

estate  tax 146-147 

Excess-profits  tax  rates ;  war  and 144 

Gift  tax  returns;  tax  rates,  specific  exemption,  exclusions 148 

Individual  income  tax  returns: 

Required  to  file  returns;  personal  exemption;  credit  for  dependents 

and  normal  tax  rates 138-141 

Supplemental  income  and  profits  tax  rates  and  tax  credits 144-145 

Surtax  rates 142-143 

Revised  figures — Sources  of  income  and  deductions  (footnotes  4,  18,  19, 

and  20) 44 

Royalties.     (See  Rents  and  royalties.) 

Rubber  products,  individual  income  tax  returns,  net  income  of  $5,000  and 
over: 

Profit  and  loss  from  business 26-27 

S 

Salaries,  wages,  commissions,  fees,  etc.,  individual  income  tax  returns: 

Amount  and  percent 10 

Frequency  distribution  b}'  net  income  classes;  net  income  of  $5,000 

and  over,  by  size  of  salary  and  wage  classes 15-16 

Net  income  classes 11,  98 

No  net  income: 

Amount 31 

Deficit  classes 133 

Percentage  distribution  bj^  net  income  classes 13 

States 95 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936;  net  income  of  $5,000  and  over 41-44 

Salaries  and  wages  paid;  business  profit  and  loss  by  industrial  groups  and 

subgroups 26-27 

Sampled  returns;  individual  income  tax  returns 2 

Securities,  wholly  and  partially  tax-exempt,  individual  income  tax  returns.  _  29-30 
Service,  individual  income  tax  returns,  net  income  of  $5,000  and  over: 

Profit  and  loss  from  business  by  subgroups 26-27 

By  size  of  profit  and  loss 105-106 

Sex  and  family  relationship,  individual  income  tax  returns: 

Number  of  returns  and  amount  of  net  income 7 

Net  income  classes 92-94 

States 89-91 

Simple  and  cumulative  distribution  of  individual  income  tax  returns 5-6,  86-88 


INDEX  177 

Sources  of  income  and  deductions,  individual  income  tax  returns :  Page 

Amount  and  percent 10 

Explanatory  text 8-10 

Frequency  distribution;  net  income  of  $5,000  and  over,  by  net  income 

classes  and  by  size  of  each  source  of  income  and  loss 1 5-24 

Net  income  classes 11-12,  98-101 

No  net  income: 

Amount 31 

Deficit  classes 133-134 

Percentage  distribution  by  net  income  classes 13-14 

Revised  figures  (footnotes  4,  18,  19,  and  20) 44 

States 95-97 

Years,  1916  through  1936 39-41 

Years,  1916  through  1936;  net  income  of  $5,000  and  over 42-44 

State  and  municipal  bonds,  estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns,  filed  under  various  Revenue  Acts_  _  48-50 
Stocks  and  bonds: 

Estate  tax  returns: 

By  net  estate  classes 51-60 

By  taxable  and  nontaxable  returns,  filed  under  various  Revenue 

Acts 48-50 

Gift  tax  returns,  by  total  gift  and  net  gift  classes 76-79 

Stone,  clay,  and  glass  products,  individual  income  tax  returns,  net  income 
of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

Surtax.      {See  Individual  income  tax.) 

Surtax  net  income,  individual  income  tax  returns 3 

Synopsis  of  individual  income  tax  rates;  Estate  tax  rates  and  Gift  Tax 
rates : 

Credits  and  exemptions,  affecting  comparability  of  data  in  Statistics  of 

Income 138-148 

T 

Tax  collections  compared  with  tax  liability -_ 3-4 

Tax  credits: 

Earned  income,  years  1924  through  1931 34 

Capital  net  loss,  years  1924  through  1933 34 

Taxes.      (See  Estate  tax;  Gift  tax;  Individual  income  tax.) 

Tax  liability 4 

Taxes  paid,  individual  income  tax  returns: 

•       Amount  and  percent - 10 

Defined 9 

Net  income  classes 12,  101 

No  net  income: 

Amount 31 

Deficit  classes 134 

Percentage  distribution  by  net  income  classes,  net  income  of  $5,000 

and  over 14 

States 97 

Years,  1933  through  1936 41 

Years,  1928  through  1936,  net  income  of  $5,000  and  over 43-44 

Taxes  paid  at  source 3 

Tax-exempt  income.      {See  Wholly  and  partially  tax-exempt  obligations.) 

Tax-exempt  investments: 

Estate  tax  returns 48-60 

Individual  income  tax  returns  by  net  income  classes 29-30 

Tax  forms  for  1936—1040;  1040A;  1065 152-163 

Tentative  tax,  estate  tax  returns 62-68 

Textiles  and  their  products,  individual  income  tax  returns,  net  income  of 
$5,000  and  over: 

Profit  and  loss  from  business 26-27 

Tobacco  products,  individual  income  tax  returns,  net  income  of  $5,000 
and  over: 

Profit  and  loss  from  business 26-27 


178  INDEX 

Trade,    wholesale;   retail;   wholesale   and   retail,    individual   income   tax 

returns,  net  income  of  $5,000  and  over:  Page- 
Profit  and  loss  from  business ^^ 26-27 

By  size  of  profit  and  loss 104-105 

Transfers   made   in   contemplation   of   death,    estate   tax   returns.     {See 

Jointly  owned  property.) 
Transportation  and  other  public  utilities,  individual  income  tax  returns, 
net  income  of  $5,000  and  over: 

Profit  and  loss  from  business 26-27 

By  size  of  profit  and  loss 104 

Treasury    notes;    Treasury    bills   and    certificates    of    indebtedness,    etc., 
individual  income  tax  returns,  net  income  of  $5,000  and  over: 

Amount  owned  and  interest  received  by  net  income  classes 29-30 

Trusts;  gift  tax  returns,  by  form  of  property 75 

U 

United    States    Government    bonds,    wholly    and    partially    tax-exempt, 

individual  income  tax  returns,  net  income  of  $5,000  and  over 29-30 ' 

W 

Wages,  salaries,  commissions,  etc.,  individual  income  tax  returns.     {See 
Salaries,  wages,  etc.) 

War-profits  and  excess-profits  tax  (footnote  4) 34 

Wholesale  trade,  individual  income  tax  returns,  net  income  of  $5,000  and 
over: 

Profit  and  loss  from  business 26-27- 

Wholly  and  partially  tax-exempt  obligations,  individual  income  tax  returns, 
net  income  of  $5,000  and  over: 

Amount  owned  by  net  income  classes 29  • 

Explanatory  text 28 

Interest  received  by  net  income  classes 30^ 

Wives  and  husbands,  joint  returns  of,  individual  income  tax  returns 7 

Wives  filing  separate  returns  from  husbands,  individual  income  tax  returns: 

Number  of  returns  and  amount  of  net  income 7 

Net  income  classes 92 

States 89' 

Women,  single,  individual  income  tax  returns: 

Heads  of  families  and  not  heads  of  families 7 

Number  of  returns  and  amount  of  net  income 7 

Net  income  classes 92-93 

States -  89-901 

O 


STATISTICS  OF  INCOME 
FOR   1936 

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  1936 


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  :  1939 


For  tale  by  the  Superintendent  of  DocumenU.  Washington.  D.C. Price  30  cenU 


"•S'SUPfmNTrNOWTOFDOCUMEN-re- 

JWI-  21  J939 


CONTENTS 


Page 
Official  transmittal 1-57 

CORPORATION  INCOME  AND  EXCESS-PROFITS  TAX  RETURNS 

Returns  tabulated 1 

Revenue  Acts  under  which  returns  were  filed 2-3 

Definitions  of  gross  income,  deductions,  net  income  and  tax 3-4 

Tax  liability  and  collections 4-5 

Industrial  classification 5 

Geographic  distribution 6 

Comparability  with  previous  reports 6 

Number  of  returns,  net  income  or  deficit,  and  tax 6-7 

By  major  industrial  groups 7-10 

By  net  income  and  deficit  classes 10-12 

Surtax  on  undistributed  profits 12-18 

Dividends   received,   interest   received   on    Government   obligations   and 

dividends  paid ,  bv  net  income  and  deficit  classes 1 8-20 

Dividends  paid,  1922-36 21-22 

Compiled  receipts  and  compiled  deductions 22-24 

Corporations  submitting  and  not  submitting  balance  sheets 24 

Assets  and  liabilities 25 

Corporations  submitting  balance  sheets,  returns  with  net  income  and 

with  no  net  income 25-26 

Number  of  corporation  returns  filed  and  number  of  balance  sheets,  by 

net  income  and  deficit  classes 26 

Gross  capital  assets,  reserves  for  depreciation  and  depletion  (except  on 

land),  and  net  capital  assets,  by  major  industrial  groups 28-29 

Assets  and  liabilities,  compiled  receipts  and  compiled  deductions,  by  total 

assets  classes 30 

Returns  with  net  income  and  with  no  net  income 31 

Consolidated  returns  of  railroads 32-34 

Compiled  receipts,  compiled  deductions,  net  income  or  deficit,  normal 
tax,  surtax  on  undistributed  profits,  excess-profits  tax,  total  tax 

and  dividends  paid 33 

Assets  and  liabilities 34 

Fiscal  year  returns 34^37 

By  month  in  which  fiscal  year  ended 35 

Returns  in  the  aggregate,  returns  with  fiscal  year  ended  in  periods 
July  through    November    1936,  and   January  through  June  1937, 

by  net  income  and  deficit  classes 36-37 

Part  year  returns 37-38 

Frequency  distribution  of  corporation  returns  by  certain  basic  classifica- 
tions  38-45 

HISTORICAL  SUMMARIES,  CORPORATION  INCOME  AND  EXCESS- 
PROFITS  TAX  RETURNS 

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

income,  net  income,  deficit,  net  income  less  deficit,  and  total  tax,  1909-36-  .  46-47 
Number  of  returns,  and  net  income  or  deficit,  by  net  income  and  deficit 

'  classes,  1933-36 - 48 

Number  of  returns,  compiled  receipts  and  compiled  deductions,  1926-36-.  49-50 
Corporations  submitting  balance  sheets:  number  of  balance  sheets,  assets 
and  liabilities  1926-36,  and  compiled  receipts  and  compiled  deductions 
1931-36 51-53 


IV  CONTENTS 

PERSONAL  HOLDING  COMPANY  RETURNS 

Page 

General  explanations 54-55,  57 

Number  of  returns,  deductions,  adjusted  net  income,  credits,  and  surtax, 

by  types  of  returns.    56 

Number  of  returns  by  ad j  usted  net  income  classes 57 

BASIC  TABLES— CORPORATION  INCOME  AND  EXCESS-PROFITS  TAX 

RETURNS 

United  States  in  aggregate  (1-7,  9-12): 

1.  By  States  and  Territories 60-61 

2.  By  major  industrial  groups  and  subgroups 62-69 

3.  Compiled  receipts  and  compiled  deductions,  by  major  industrial 

groups: 

All  returns 70-73 

Returns  with  net  income 74-77 

Returns  with  no  net  income 78-81 

4.  Corporations  submitting  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 82-91 

6.  Corporations  submitting  balance  sheets,  by  total  assets  classes: 
assets  and  liabilities  and  compiled  receipts  and  compiled  de- 
ductions: 

All  returns  with  balance  sheets 92-93 

Returns  with  net  income 94-95 

Returns  with  no  net  income 96-98 

6.  Corporations  submitting   balance  sheets,   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 99-119 

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

no  net  income,  1927-36 120-124 

Frequency  distributions  of — 

Returns  with  balance  sheets  showing  assets  of  $250,000  and  over — 

9.  By  total  receipts  classes,  cross  classified  by  total  assets 

classes,  by  returns  with  net  income  and  with  no  net 

income  and  by  major  industrial  groups 139-149 

10.  By  net  income  or  deficit  classes,  cross  classified  by  total 
receipts  classes,  by  returns  with  net  income  and  with 
no  net  income  and  by  major  industrial  groups 150-166 

11.  Returns  with  balance  sheets,  by  net  income  or  deficit  classes, 

cross  classified  by  total  assets  classes,  by  returns  with 
net  income  and  with  no  net  income  and  by  major  indus- 
trial groups 167-183 

12.  Returns  by  net  income  or  deficit  classes,  cross  classified  by 

dividends  received  classes,  by  returns  with  net  income 
and  with  no  net  income  and  by  certain  major  industrial 

groups 184-193 

States  and  Territories  separately  (8) : 

8.  Historical  summary,  1927-36 125-135 

REVENUE  ACTS  OF  1913-36  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" - 195-200 

INCOME  TAX  FORMS 

FacsimUes  of  Forms  1120,  1120L,  and  1120H  for  1936 204-220 

Index 221-235 


STATISTICS  OF  INCOME  FOR  1936 


PART  2 


CORPORATION  INCOME  AND  EXCESS-PROFITS  TAX  RETURNS 
AND  PERSONAL  HOLDING  COMPANY  RETURNS 

Treasury  Department, 
Office  of  Commissioner  of  Internal  Revenue, 

Washington,  D.  C,  May  10,  1939. 
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  1936,  Part  2,"  prepared  from  cor- 
poration income  and  excess-profits  tax  returns  and  personal  holding 
company  returns  for  1936  filed  during  1937,  with  a  historical  presen- 
tation of  the  income  and  of  the  tax  liability  reported  by  corporations 
from  1909  to  date.  (Statistics  compiled  from  individual  income  tax 
returns  for  1936,  and  estate  tax  returns  and  gift  tax  returns  filed 
during  1937,  are  published  in  Statistics  of  Income  for  1936,  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  1936.  However,  a 
considerable  number  of  returns  are  filed  for  a  fiscal  year  other  than  a 
calendar  year.  Such  returns  for  a  fiscal  year  ended  in  the  period  July 
1936  through  June  1937  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  1936. 

The  statistics  are  compiled  from  the  returns  as  filed  and  prior  to 
revision  that  may  subsequently  be  made  as  a  result  of  audit  by  the 
Bureau  of  Internal  Revenue. 

The  general  tables  for  corporations  include  aggregates  for  all  returns 
covered  by  this  report,  as  well  as  separate  tabulations  for  returns  with 
net  income  and  with  no  net  income.  For  the  tabulation  of  the  returns 
with  year  ended  prior  to  December  31,  1936,  which  show  income  tax 
data  under  the  provisions  of  the  Revenue  Act  of  1934,  the  gross 
income,  deductions,  net  income  and  deficit  have  been  arbitrarily 
adjusted  to  conform  to  the  definitions  of  these  items  under  the 
Revenue  Act  of  1936,  but  the  income  tax  and  excess-profits  tax  have 
not  been  adjusted  according  to  the  provisions  of  the  Revenue  Act  of 
1936. 


2  STATISTICS    OF   INCOME 

REVENUE  ACTS  UNDER  WHICH  RETURNS  ARE  FILED 

The  returns  included  in  this  report  are  filed  under  the  provisions  of 
the  following  revenue  acts:  Those  for  the  calendar  year  1936  and  for  a 
fiscal  year  or  part  year  ended  in  the  period  January  through  June  1937 
have  data  relating  to  the  normal  tax  and  surtax  on  undistributed 
profits  under  the  provisions  of  the  Revenue  Act  of  1936,  and  excess- 
profits  tax  data  under  the  provisions  of  the  Revenue  Acts  of  1935  and 
1936;  those  with  fiscal  year  ended  prior  to  December  31,  1936  (or 
with  part  year  which  began  in  1935),  have  income  tax  data  under 
the  provisions  of  the  Revenue  Act  of  1934,  and  excess-profits  tax 
data  under  the  provisions  of  the  Revenue  Act  of  1935.  (The  provi- 
sions of  the  Revenue  Act  of  1935  relating  to  corporation  income  taxes 
were  superseded  by  the  provisions  of  the  Revenue  Act  of  1936  before 
their  first  effective  dates.) 

Under  the  provisions  of  the  Revenue  Act  of  1936,  corporations, 
other  than  those  listed  in  the  following  paragraph,  are  subject  to  a 
normal  tax  graduated  from  8  percent  on  "normal  tax  net  income"  not 
in  excess  of  $2,000,  to  15  percent  on  the  amount  in  excess  of  $40,000 
in  lieu  of  the  flat  rate  of  13%  percent  on  "net  income"  imposed  by  the 
Revenue  Act  of  1934,  and  to  a  surtax  on  undistributed  profits  gradu- 
ated from  7  percent  to  27  percent.  (For  a  more  detailed  description 
of  the  surtax,  see  the  section  of  this  report  entitled  "Surtax  on  undis- 
tributed profits,"  pages  12-14.)  Fifteen  percent  of  the  dividends 
received  from  domestic  corporations  (which  are  subject  to  taxation 
under  Title  I  of  the  Revenue  Act  of  1936)  is  included  in  net  income 
subject  to  the  normal  tax  and  the  total  amount  of  such  dividends 
received  is  included  in  net  income  subject  to  the  surtax.  Under 
earlier  revenue  acts,  all  dividends  received  from  such  domestic  cor- 
porations were  exempt  from  the  income  tax. 

The  following  corporations,  although  exempt  from  the  surtax  on 
undistributed  profits,  are  subject  to  a  flat  normal  tax  rate  of  15  percent 
instead  of  the  graduated  normal  tax:  banks  and  trust  companies,  a 
substantial  part  of  the  business  of  which  is  receiving  deposits  and 
making  loans  and  discounts;  insurance  companies;  corporations  with 
income  from  sources  within  possessions  of  the  United  States  which  are 
entitled  to  the  benefits  of  section  251  of  the  Revenue  Act  of  1936;  and 
corporations  organized  under  the  China  Trade  Act  of  1922.  Foreign 
corporations  are  also  exempt  from  the  surtax  and  are  subject  to  a 
flat  normal  tax.  For  nonresident  foreign  corporations,  income  from 
sources  within  the  United  States  is  subject  to  a  15  percent  normal  tax, 
except  dividends  received,  which  are  subject  to  a  tax  of  10  percent. 
The  10  percent  rate  on  dividends  received  may  be  reduced  to  not  less 
than  5  percent  if  the  recipient  corporation  is  organized  under  the 
laws  of  a  contiguous  country  and  provision  for  such  reduction  has  been 
effected  by  treaty  with  such  country.  Resident  foreign  corporations 
are  subject  to  a  flat  normal  tax  of  22  percent  on  income  from  sources 
within  the  United  States. 

Under  the  Revenue  Act  of  1934,  steam  and  electric  railroad  corpo- 
rations were  permitted  to  file  consolidated  returns  for  income  tax 
purposes.  Tliis  privilege  is  continued  under  the  Revenue  Act  of  1936. 
However,  the  previous  tax  rate  of  15%  percent  is  changed  to  the  gradu- 
ated normal  tax  and  surtax  on  undistributed  profits  corresponding 


STATISTICS    OF   INCOME  3 

to  tax  rates  for  corporations  not  filing  consolidated  returns.  The 
Revenue  Act  of  1936  extended  the  privilege  of  filmg  consoUdated 
returns  to  street,  suburban,  and  interurban  electric  railways. 

The  excess-profits  tax  rates  under  the  provisions  of  the  Revenue 
Act  of  1935  for  income-tax  taxable  years  ended  after  June  30,  1936, 
are  6  percent  of  the  not  income  in  excess  of  10  percent  and  not  in 
excess  of  15  percent  of  the  adjusted  declared  value  of  capital  stock 
plus  12  percent  of  the  net  income  in  excess  of  15  percent  of  the  ad- 
justed declared  value  of  capital  stock.  The  rate  imposed  by  the 
Revenue  Act  of  1934  was  5  percent  of  the  net  income  in  excess  of  12^ 
percent  of  the  adjusted  declared  value  of  capital  stock.  For  income 
years  ended  in  the  period  July  through  November  1936  the  net 
income  subject  to  the  excess-profits  tax,  according  to  the  provisions 
of  the  Revenue  Act  of  1935,  is  the  same  as  that  for  income  tax  pur- 
poses, except  that  the  income  tax  is  allowed  as  a  deduction  in  de- 
termining the  net  income  subject  to  the  excess-profits  tax.  Under 
the  provisions  of  the  Revenue  Act  of  1936,  which  apply  to  income 
years  ended  December  31,  1936,  and  thereafter,  the  income  tax  is 
not  allowed  as  a  deduction  in  the  computation  of  the  net  income  for 
excess-profits  tax  purposes,  and  15  percent  of  the  dividends  received 
from  domestic  corporations  (which  are  subject  to  taxation  under 
Title  I  of  the  Revenue  Act  of  1936)  is  included  in  the  net  income 
subject  to  the  excess-profits  tax.  Under  earlier  revenue  acts,  divi- 
dends received  from  such  corporations  were  exempt  from  the  excess- 
profits  tax. 

Under  the  provisions  of  the  Revenue  Act  of  1936,  a  deduction  from 
gross  income  for  contributions  or  gifts  is  allowed  for  the  first  time, 
limited,  however,  to  5  percent  of  the  net  income  before  the  deduction 
of  the  contributions  or  gifts. 

DEFINITIONS   OF   GROSS   INCOME,    DEDUCTIONS,    NET   INCOME   AND   TAX 

In  this  report  "gross  income"  corresponds  to  "total  income" 
reported  in  item  14,  page  2  of  return  for  1936,  plus  "cost  of  goods  sold" 
and  "cost  of  operations,"  items  2  and  5,  page  2  of  return.  Unlike 
former  years,  "gross  income"  includes  interest  received  on  certain 
Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8, 
p.  2  of  return).  "Deductions"  correspond  to  "total  deductions" 
reported  in  item  26,  page  2  of  return,  plus  "cost  of  goods  sold"  and 
"cost  of  operations,"  items  2  and  5,  page  2  of  return.  Unlike  former 
years,  "deductions"  include  contributions  or  gifts  (limited  to  5  per- 
cent of  net  income  before  deduction  of  contributions  or  gifts  for  returns 
with  year  ended  December  31,  1936,  and  thereafter)  and  exclude 
dividends  received  which  were  allowed  as  a  deduction  under  former 
efi'ective  revenue  acts.  All  negative  income  amounts  reported  under 
sources  of  income  are  transferred  to  deductions  and  both  "gross 
income"  and  "deductions"  are  increased  by  a  like  amount.  Refer- 
ences in  this  and  succeeding  paragraphs  are  to  item  numbers  on 
Form  1120,  facsimile  of  which  appears  on  pages  204-211. 

The  amount  of  "net  mcome"  tabulated  m  this  report  means  "net 
income  for  excess-profits  tax  computation"  (item  27,  p.  2  of  return) 
and  represents  the  amount  of  gross  income,  as  defiiied  above,  m 
excess  of  deductions;  and  "deficit"  represents  the  excess  of  deduc- 
tions over  gross  income.     Unlike  former  years,  net  uicome  or  deficit 


4  STATISTICS    OF   INCOME 

includes  dividends  received  on  stock  of  domestic  corporations  subject 
to  taxation  under  Title  I  of  the  effective  revenue  act  (item  12(a),  p. 
2  of  return)  and  interest  received  on  certain  Government  obligations 
which  is  subject  to  the  excess-profits  tax  (item  8,  p.  2  of  return),  and 
excludes  contributions  or  gifts  (limited  to  5  percent  of  net  income 
before  deduction  of  contributions  or  gifts  for  returns  with  year  ended 
December  31,  1936,  and  thereafter). 

In  the  general  tables  in  this  report,  the  amount  tabulated  as  "nor- 
mal tax"  includes  the  following:  income  tax  reported  on  returns  for  a 
fiscal  year  ended  in  the  period  July  through  November  1936  (and 
returns  with  part  year  which  began  in  1935),  and  the  graduated 
normal  tax  (item  22,  face  of  return)  and  the  flat  normal  tax  for  cor- 
porations exempt  from  the  graduated  rates,  reported  on  returns  for 
the  calendar  year  1936  and  for  a  fiscal  year  or  part  year  ended  in  the 
period  January  tlirough  June  1937.  The  svu-tax  on  undistributed 
profits  (item  41,  face  of  return)  is  the  amount  reported  on  returns  for 
the  calendar  year  193.')  ;md  for  a  fiscal  year  or  part  year,  ended  in  the 
period  January  through  June  1937,  of  corporations  which  are  subject 
to  the  surtax  and  which  did  not  pay  out  dividends  or  have  a  credit  for 
restricting  dividend  payments  in  excess  of  adjusted  net  income.  The 
amount  tabulated  as  excess-profits  tax  is  reported  as  item  28,  page  2 
of  the  return.  The  income  tax  liability  shown  in  this  report  represents 
an  amount  prior  to  the  allowance  of  credit  claimed  for  income  tax 
paid  to  a  foreign  country  or  United  States  possession. 

TAX    LIABILITY    AND    COLLECTIONS 

The  amount  of  tax  liability  as  reported  on  the  returns  is  not  pre- 
cisely comparable  with  the  amount  of  corporate  income  tax  collections 
during  the  calendar  year  in  which  the  returns  are  filed.  Several  fac- 
tors are  responsible  for  the  differences  in  the  tax  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  result  of  audit  of  the  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.  When  used  as  a  credit,  the  amount 
can  not  exceed  the  proportion  of  the  total  tax  against  which  the  credit 
is  taken  that  the  taxpayer's  net  income  from  sources  without  the 
United  States  bears  to  the  taxpayer's  entire  net  income.  The  amount 
of  such  taxes  taken  as  a  credit  by  corporations  against  the  income  tax 
liability  to  the  United  States  has  not  been  deducted  from  the  income  tax 
liability  shown  in  the  tabulations  in  this  report.  For  the  amount  of 
this  credit  for  the  years  1925  through  1935,  see  the  Statistics  of  In- 
come for  1935,  Part  2,  page  8. 

3.  Income  tax  paid  at  source  on  tax-free  covenant  bonds,  because 
of  being  assessed  against  the  debtor  corporation,  is  included  in  the 
corporation  income  tax  collections,  notwithstanding  the  fact  that  it  is 
paid  on  behalf  of  individual  holders  of  bonds. 


STATISTICS    OF    INCOME  5 

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.  Fiscal  year  returns  are  required  to  be  filed  on  or  before  the  15th 
day  of  the  third  month  after  the  end  of  the  fiscal  year,  and  payment, 
as  in  the  case  of  calendar  year  returns,  is  required  at  the  time  the 
return  is  filed,  or  in  four  quarterly  installments.  The  first  of  the 
quarterly  installments  is  due  when  the  return  is  filed.  Thus  during 
the  calendar  year  1937,  collections  were  made  of  part  or  all  of  the 
taxes  reported  on  returns  for  a  fiscal  year  ended  in  period  January  31, 
1936  (the  last  quarterly  installment  payment  on  which  was  due  on  or 
before  January  15,  1937),  through  September  30,  1937  (the  filing  of 
returns  and  the  full  payment  or  first  installment  payment  on  which 
was  due  on  or  before  December  15,  1937);  whereas  there  are  excluded 
from  the  statistics  in  this  report,  as  previously  indicated,  the  returns 
for  a  fiscal  year  ended  prior  to  July  1936  and  subsequent  to  June  1937. 

5.  Tabulations  in  this  report  exclude  data  reported  on  nonresident 
foreign  corporation  income  tax  returns,  Form  1120NB,  whereas  col- 
lections in  the  current  year  include  taxes  on  these  returns.  Form 
1120NB  is  required  for  the  calendar  year  1936  or  for  a  fiscal  year 
begun  in  1936  and  ended  in  1937,  unless  a  tax  of  10  percent  has  been 
withheld  at  the  source  on  dividends  and  a  tax  of  15  percent  has 
been  withheld  at  the  source  on  all  other  items  of  taxable  income  (inter- 
est, rents,  royalties,  etc.)  received  during  the  year  from  sources  within 
the  United  States. 

6.  Delays  in  payment  because  of  financial  embarrassment,  liquida- 
tion of  business,  and  other  causes  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  the  collections  are  made  in  a 
subsequent  year.  For  similar  reasons,  certain  amounts  are  uncol- 
lectible. 

7.  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  predonii- 
nant  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  corporations. 
The  industrial  classification  for  1934,  1935,  and  1936  is  not  strictly 
comparable  with  that  for  prior  years,  by  reason  of  the  discontinuance, 
under  the  Revenue  Act  of  1934,  of  the  privilege  of  filing  consolidated 
returns,  except  by  railroads.  Whereas  returns  formerly  filed  on  a  con- 
soUdated  basis  were  classified  according  to  the  predominant  business 
of  the  consolidated  group,  the  industrial  classification  for  returns  with 
year  ended  December  31,  1934,  or  thereafter,  is  based  on  the  predomi- 
nant business  of  each  separately  incorporated  concern  (except  in  the 
case  of  an  affiliated  railroad  group  which  exercises  the  privilege  of 
filing  a  consolidated  return).  Although  the  present  classification  is, 
to  some  extent,  a  purer  industrial  distribution  than  was  possible  for 
consolidated  returns  of  affiliated  groups  of  companies  in  years  prior  to 
1934,  it  does  not  furnish  a  wholly  clean-cut  separation  of  industries, 
because  of  the  varied  activities  of  many  corporations  and  as  a  result  of 
corporations  dissolving  their  subsidiaries  and  transferrmg  the  business 
to  the  parent  company. 


STATISTICS    OF   INCOME 


GEOGRAPHIC    DISTRIBUTION 


The  data,  although  tabulated  by  the  States  in  which  the  returns  are 
filed,  do  not  represent  what  may  be  called  the  geographic  distribution 
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  cor- 
poration in  one  State  may  have  been  derived  from  sources  in  other 
States.  Returns  are  filed  in  the  collection  district  in  which  the  prin- 
cipal place  of  business  or  principal  office  of  the  corporation  is  located, 
except  that  consolidated  returns  of  affiliated  groups  of  railroad  com- 
panies are  filed  in  the  collection  district  of  the  parent  company. 

The  geographic  distribution  for  1934,  1935,  and  1936  is  not  strictly 
comparable  with  that  for  prior  years,  by  reason  of  the  discontinuance, 
under  the  Revenue  Act  of  1934,  of  the  privilege  of  filing  consolidated 
returns,  except  by  railroads.  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,  depending  on 
whether  or  not  the  principal  place  of  business  or  principal  office  of  the 
affiliated  companies  is  in  the  same  collection  district  as  that  of  the 
parent  company. 

COMPARABILITY    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  certain 
data  and  classifications  of  the  returns  for  1934,  1935,  and  1936  are  not 
strictly  comparable  with  those  for  prior  years  (see  Statistics  of  Income 
for  1934,  Part  2,  pp.  19-29),  and,  furthermore,  that  certain  data  and 
classifications  of  the  returns  for  1936  are  not  strictly  comparable  with 
those  for  1934  and  1935.  For  the  1936  returns  shown  in  this  report, 
the  gross  income,  deductions,  compiled  receipts,  compiled  deductions, 
compiled  net  profit,  net  income,  deficit,  and  tax  liability,  as  well  as 
the  classification  of  the  returns  with  net  income  and  with  no  net  in- 
corne,  are  affected  by  the  provisions  of  the  Revenue  Act  of  1936.  The 
major  changes  contained  in  the  provisions  of  this  act,  affecting  the 
tabulated  data  for  corporations,  are  described  in  the  section  of  this 
report  entitled  "Revenue  Acts  under  which  returns  are  filed,"  pages 
2-3,  and  are  summarized  in  the  section  of  this  report  entitled 
"Revenue  Acts  of  1913-1936  and  certain  tax  provisions  of  the  National 
Industrial  Recovery  Act  (1933);  also  the  special  excise  tax  under  the 
act  of  August  5,  1909,"  pages  195-200. 

NUMBER    OF    RETURNS,    NET    INCOME    OR    DEFICIT,    AND    TAX 

The  number  of  corporation  income  and  excess-profits  tax  returns 
for  1936,  filed  during  the  calendar  year  1937,  is  530,779,  of  which 
203,161  show  net  income  amounting  to  $9,478,241,475,  while  275,696 
show  a  deficit  of  $2,152,023,715,  and  51,922  have  no  income  data. 
The  normal  tax  is  $1,024,792,938,  the  surtax  on  undistributed  profits 
$144,972,284,  the  excess-pi'ofits  tax  $21,612,551,  and  the  total  tax 
$1,191,377,773. 


STATISTICS    OF   INCOME  7 

The  amount  tabulated  as  normal  tax  includes  the  following:  income 
tax  of  $59,289,827  reported  on  returns  with  a  fiscal  year  ended  prior 
to  December  31,  1936  (and  returns  with  part  year  which  began  in 
1935);  graduated  normal  tax  of  $930,438,197  and  flat  normal  tax  of 
$35,064,914  for  corporations  exempt  from  the  graduated  rates,  re- 
ported on  returns  for  the  calendar  year  1936  and  for  a  fiscal  year  or 
part  year  ended  in  period  January  through  June  1937.  The  surtax  is 
reported  on  returns  of  corporations  (other  than  those  which  are 
exempt  from  the  surtax)  for  the  calendar  year  1936  and  for  a  fiscal 
year  or  part  year  ended  in  the  period  January  through  June  1937. 
A  special  tabulation  of  the  surtax  liability  reported  on  returns  filed 
under  the  Revenue  Act  of  1936  appears  in  the  section  of  this  report 
entitled  "Surtax  on  undistributed  profits,"  pages  12-18. 

In  comiection  with  the  amounts  of  net  income,  deficit,  and  tax 
hability,  for  returns  with  net  income  and  with  no  net  income,  attention 
is  called  to  the  fact  that  these  items  are  not  strictly  comparable  with 
those  for  prior  years.  The  major  changes  contained  in  the  provisions 
of  the  Revenue  Act  of  1936,  affecting  the  tabulated  data  for  corpora- 
tions, are  described  in  the  section  of  this  report  entitled  "Revenue  acts 
under  which  returns  are  filed,"  pages  2-3,  and  are  summarized  in 
the  section  of  this  report  entitled  "Revenue  Acts  of  1913-1936  and 
certain  tax  provisions  of  the  National  Industrial  Recovery  Act  (1933); 
also  the  special  excise  tax  under  the  Act  of  August  5,  1909,"  pages 
195-200. 

Separate  tabulations  for  fiscal  year  returns  and  for  part  year  re- 
turns, shown  on  pages  34-38,  make  it  possible  to  segregate  certain 
data  for  the  calendar  year  accounting  period  and  for  other  accounting 
periods. 

MAJOR    INDUSTRIAL    GROUPS 

In  the  table  on  pages  8-10  returns  of  corporations  are  segregated 
by  major  industrial  groups  and  by  returns  with  net  income,  returns 
with  no  net  income,  and  returns  of  inactive  corporations.  There  are 
shown,  of  the  following  data,  the  items  that  are  appHcable  to  each 
segregation:  number  of  returns,  gross  income,  deductions,  net  income 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  and  excess- 
profits  tax.  Basic  table  1,  pages  60-61,  shows  similar  data  for  the 
returns  distributed  by  States  and  Territories. 

In  analyzing  the  data  compiled  from  returns  classified  under  the 
major  industrial  group  "Finance"  and  under  the  industrial  subgroup 
"Life  insurance — Mutual  or  stock  companies,"  allowance  should  be 
made  for  the  two  special  deductions  from  gross  income  permitted  hfe 
insurance  companies  under  subsection  (a),  section  203,  Revenue  Acts 
of  1934  and  1936,  relating  to  reserve  funds  required  by  law  and  re- 
serve for  dividends.  For  returns  with  net  income  tliis  deduction  is 
$120,1 16,262 ;  for  returns  with  no  net  income,  $654,895,402.  In  basic 
tables  3  and  4,  pages  70-81  and  pages  82-91,  respectively,  the  special 
deductions  for  Hfe  insurance  companies  are  included  in  "other  de- 
ductions." 

There  are  excluded  from  the  major  industrial  group  "Finance,"  for 
the  first  time,  returns  of  nonresident  foreign  corporations  with  income 
derived  from  sources  within  the  United  States  on  which  the  tax  has 
not  been  fully  satisfied  at  the  source.  For  the  calendar  year  1936  and 
for  a  fiscal  year  begun  in  1936  and  ended  in  1937,  Form  1120NB  is 
required  of  such  corporations,  unless  a  tax  of  10  percent  has  been 


STATISTICS    OF    INCOME 


withheld  at  the  source  on  dividends  and  a  tax  of  15  percent  has  been 
withheld  at  the  source  on  all  other  items  of  taxable  income  (interest, 
rents,  royalties,  etc.)-  In  prior  years,  all  nonresident  foreign  corpora- 
tions filed  Form  1120  and  data  from  these  returns  were  tabulated  in 
the  major  group  "Finance." 

This  year,  the  industrial  groups  "Clothing  and  apparel,"  "Petroleum 
and  other  mineral  oil  products,"  and  "Motor  vehicles,  complete  or 
parts,"  are  shown  as  major  industrial  groups  for  the  first  time.  In  prior 
years,  the  group  "Clothing  and  apparel"  was  included  in  "Textile 
mill  products,"  the  group  "Petroleum  and  other  mineral  oil  products" 
was  included  in  "Chemicals  and  allied  products,"  and  the  group 
"Motor  vehicles,  complete  or  parts,"  was  included  in  "Metal  and  its 
products." 

In  connection  with  the  1936  data  for  returns  with  net  income  and 
with  no  net  income  classified  by  industrial  groups  and  also  by  States 
and  Territories,  attention  is  called  to  the  fact  that  these  data  are  not 
strictly  comparable  with  those  for  prior  years.  The  major  changes 
contained  in  the  provisions  of  the  Revenue  Act  of  1936,  affecting  the 
tabulated  data  for  corporations,  are  described  in  the  section  of  this 
report  entitled  "Revenue  Acts  under  which  returns  are  filed,"  pages 
2-3,  and  are  summarized  in  the  section  of  this  report  entitled 
"Revenue  Acts  of  1913-1936  and  certain  tax  provisions  of  the  National 
Industrial  Recovery  Act  (1933);  also  the  special  excise  tax  under  the 
Act  of  August  5,  1909,"  pages  195-200. 

In  basic  table  3  there  are  shown  dividends  received  on  stock  of  do- 
mestic corporations  (line  7),  interest  received  on  certain  Government 
obligations  subject  to  the  excess-profits  tax  (line  9),  and  contributions 
or  gifts  (line  19),  by  major  industrial  groups  and  by  returns  with  net 
income  and  with  no  net  income.  The  information  shown  in  basic 
table  3  permits  comparisons  of  1936  data  on  gross  income,  deductions, 
and  net  income  less  deficit  with  these  items  for  prior  years  and  indi- 
cates the  effect  on  the  classification  of  the  returns  with  net  income 
and  with  no  net  income  of  the  inclusion  in  net  income  for  income  tax 
computation  of  dividends  received  on  stock  of  domestic  corporations 
and  interest  received  on  certain  Government  obligations.  These 
data  should  be  used  in  connection  with  the  following  table: 

Corporations,  1936,  by  major  industrial  groups:  number  of  returns,  gross  income, 
deductions,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  and 
excess-profits  tax,  for  returns  with  net  income  and  with  no  net  income;  also  number 
of  returns  of  inactive  corporations  ' 

[Money  figures  in  thousands  of  dollars] 


Total 

number 

of  returns 

Returns  with  net  income  ^ 

Industrial  groups 

Number 

Percent 

of  group 

total 

Gross  in- 
come 3 

Deduc- 
tions 3 

Net  in- 
come ' 

Agriculture  and  related  industries... 
Mining  and  quarrying 

9,860 

18,  174 

2,920 
5,146 

29.61 
28.32 

52.3, 992 
2,  069,  330 

458, 156 
1,  769,  282 

65,  837 
300,  048 

Manufacturing: 

Food  and  kindred  products 

Liquors  and  beverages  (alcoholic 
and  nonalcoholic) 

13,  057 

3,333 
379 

7,827 

8,203 

2,401 

618 

6,233 

1,767 
153 
3, 903 
3,  633 
1,  200 
330 

47.74 

53.  02 
40.37 
49.87 
44.29 
49.98 
53.40 

8, 824, 076 

1,  473,  579 
1, 188, 166 
3,  596,  772 
1,  759,  667 
1,  043,  709 
910.991 

8,406,511 

1,  297,  566 
1, 060, 198 
3,  374,  868 
1,  703,  322 
993,  062 
856,  220 

417,  565 

176,013 
127,968 
291  904 

Tobacco  products 

Textile  mill  products 

Clothing  and  appaiel. 

56,  344 
50,  647 
54,  771 

Leather  and  its  manufactures 

Rubber  products.. 

For  footnotes,  see  p.  10. 


STATISTICS    OF    INCOME 


9 


Corporations,  1936,  by  major  industrial  groups:  number  of  returns,  gross  income, 
deductions,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  and 
excess-profits  tax,  for  returns  with  net  income  and  with  no  net  income;  also  number 
of  returns  of  inactive  corporations  ' — Continued 

[Money  figures  in  thousands  of  dollars] 


Industrial  groups 


Total 

number 

of  returns 


Returns  with  net  income  2— Continued 


Number 


Percent 

of  group 

total 


Gross  in- 
come 3 


Deduc- 
tions 3 


Net  in- 
come ' 


Manufacturing — Coniinued. 

Forest  products 

Paper,  pulp,  and  products 

Printing,  publishing,  and  allied 

industries 

Chemicals  and  allied  products.  _ 
Petroleum  and  other  mineral  oil 

product"; 

Stone,  clay,  and  glass  products. 

Metal  and  its  products 

Motor  vehicles,  complete  or  parts 
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 


fi,722 
2,371 

12,  735 
7,174 

852 

3,970 

19, 772 

801 

6,021 


3,145 
1,440 

5,469 
3,303 

357 

1,781 

10,  4(i7 

367 

2,378 


46.79 
60.73 

42.95 
46.04 

41.90 
44.86 
52.  94 
45.82 

39.49 


1,  291,  734 
1,437,416 

1,  792,  311 
3,  649,  269 

3,  716,  885 
1,196,817 

10,501,257 

4,  621, 105 

1,370,245 


1,204,893 
1,314,070 

1,  603, 836 
3, 169,  991 

3,  492,  258 
1,035,301 
9, 387, 337 
4, 187,  756 

1,  214,  278 


86, 841 
123, 346 

188, 475 
479,  278 

224,  627 

161,616 

1,113,920 

433,  348 

155,  967 


96,  236 


45, 926 


47.72 


48, 373, 998 


44,301,467 


4,  072,  531 


17, 997 


27,  486 
149, 805 


64,  426 


132,  715 
14,  080 


6,202 


11, 196 
69,  263 


43,  866 
197 


40.73 
46.24 


33.05 
1.39 


1,  309, 003 


8,  756, 897 
34,  810,  717 


2,  545,  580 


6,371,607 
2,630 


1,  234, 867 


7.  380, 377 
33,  674,  298 


2,313,416 


«  4, 151,  669 
1,982 


74, 136 


1,376,520 
1,136,419 


232, 164 


2,  219, 938 


530,  779 


203, 161 


104,  763,  755 


95,  285,  514 


9,  478,  241 


Industrial  groups 


Returns  with  net  income  '—Con. 


Normal 
tax  < 


Surtax 
on  undis- 
tributed 

profits 


Excess- 
profits 
tax  5 


Returns  with  no 
net  income  > 


Number 


Percent 

of  group 

total 


Agriculture  and  related  industries 

Mining  and  quarrying.. 

Manufacturing: 

Food  and  kindred  products 

Liquors  and   beverages   (alcoholic  and  non- 
alcoholic)   

Tobacco  pioducts 

Textile  mill  products 

Clothing  anil  apparel __ 

Leather  and  its  manufactures 

Rubber  products 

Forest  products 

Paper,  pulp,  and  products 

Printing,  publishing,  and  allied  industries 

Chemicals  and  allied  products 

Petroleum  and  other  mineral  oil  products 

Stone,  clay,  and  glass  products 

Metal  and  its  products 

Motor  vehicles,  complete  or  parts 

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. .- 


7,666 
35, 083 


53,  544 

23, 074 

17,  825 

29,  697 

7,219 

6,683 

7,377 

10,  771 

16, 367 

23,  307 

57,  408 

20,  723 

21, 187 

147, 102 

59,  700 

19, 143 


989 
3,025 


5,221 

5,080 
538 
5,476 
1,226 
974 
1,143 
1,927 
2,986 
4,064 
6,671 
2,895 
2,813 
24,552 
5,778 
3,899 


521,  125 


75,  243 


1, 024,  793 


2,030 

8,516 

25,  107 

5,506 

24,550 

7 

144,  972 


328 
504 


1,310 


69 
863 
232 
134 
119 
559 
276 
452 

1,063 

53 

507 

3,777 
696 
534 


11,  294 


661 

757 


2,286 
2 

21,613 


6,025 
8,642 


6,028 

1,294 

211 
3,782 
4,455 
1,144 

259 
3,360 

848 
6,811 
3,  508 

389 
2,015 
8,563 

390 
3,047 


46,  104 


10,  443 
13,  657 

76,  257 
41,  258 

71,828 
1,482 

275,  696 


61.11 
47.55 


46.17 

38.82 
55.67 
48.32 
54.31 
47.65 
41.91 
49.99 
35.77 
53.48 
48.90 
45.68 
60.78 
43.31 
48.69 
50.61 


47.91 


68.03 
49.69 
60.90 
64.04 

64.12 
10.63 


51.94 


For  footnotes,  see  p.  10. 


10 


STATISTICS    OF   INCOME 


Corporations,  1936,  by  major  industrial  groups:  number  of  rctxirns,  gross  income, 
deductions,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  and 
excess-profits  tax,  for  returns  with  net  income  and  ivith  no  net  income:  also  number 
of  returns  of  inactive  corporations  ' — Continued 

[Money  figures  in  thousands  of  dollars] 


Industrial  groups 


Returns  with  no  net  income  2 — Con. 


Gross  in- 
come ' 


Deductions* 


Deficit » 


Returns  of  inactive 
corporations 


Number 


Percent 

of  group 

total 


Agriculture  and  related  industries 

Mining  and  quarrying 

Manufacturing: 

Food  and  kindred  products 

Liquors  and  beverages   (alcoholic  and 

nonalcoholic) 

To bacco  products 

Textile  mill  products 

Clothing  and  apparel -. 

Leather  and  its  manufactures 

Rubber  products 

Forest  products 

Paper,  pulp,  and  products.. 

Printing,  publishing,  and  allied  indus- 
tries  

Chemicals  and  allied  products 

Petroleum  and  other  mineral  oil  products 

Stone,  clay,  and  glass  products 

Metal  and  its  products 

Motor  vehicles,  complete  or  parts 

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 


201,  757 
998, 165 


234,  464 
1, 122,  311 


32,  707 
124, 146 


1,  566,  015 

198. 162 
27,  440 

914,367 
523, 088 

239. 163 
50,  872 

456,  523 
291,  362 

440, 889 
275,  689 
888,  562 
183, 925 

2,  068,  625 
163, 117 
293, 029 


1,  603,  758 

211,  486 

28,  638 
958,  422 
537, 132 
253,  436 

54,  055 
494,  473 
307, 179 

469,  364 
294,  458 
909,  672 
200,  532 
2, 143,  540 
174,  771 
310,  907 


37,  743 

13,324 
1,198 
44,  055 
14,044 
14.272 
3,183 
37, 950 
15,816 

28,  475 
18,  769 
21,110 
16,  607 
74,915 
11,654 
17, 878 


915 
4,386 

796 

272 
15 

142 

115 
57 
29 

217 
83 

455 
363 
106 
174 
742 
44 
596 


9.28 
24.13 


6.09 
8.10 

s.oe 

1.81 
1.40 
2.37 
4.69 
3.22 
3.50 

3.67 
5.06 
12.44 
4.38 
3.75 
5.49 
9.90 


8,  580,  8-30 

703,  504 
4,  055,  288 
8,  460,  652 

2,  103,  413 


2,  405,  346 
5.222 


6,951,822 


370,  993 


4,206 


4.37 


740,  809 
4,  409, 174 
8,  673,  701 

2,  346,  649 


«  3, 176, 840 
10,  431 


37,  305 
353,  885 
213,  049 

243,  235 


771,  494 
5,209 


1.352/f 

2,633 

4,285 

4,723 


17, 021 
12,  401 


7.51 
9.58 
2.86 

7.33 


27,  514, 178 


29,  666,  202 


2, 152,  024 


51, 922 


9.78 


1  For  textual  discussion,  see  pp.  1-8. 

'  The  classification  of  returns  "with  net  income"  and  "with  no  net  income"  is  based  on  the  amount  of  net 
income  for  income  tax  computation  (item  29,  p.  2  of  return) .  Unlike  former  years,  net  income  for  income  tax 
computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I 
of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain  Government  obliga- 
tions, which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return) ,  and  excludes  contributions  or  gifts  (limited 
to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess-profits  tax  (item  28,  p.  2  of 
return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income  for  excess-profits  tax  computa- 
tion (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above-mentioned  dividends  received 
and  interest  received  on  certain  Government  obligations,  and  excludes  the  above-mentioned  contributions 
or  gifts.  The  amount  of  "net  income"  or  "deficit"  equals  the  difference  between  "total  income"  and  "total 
deductions"  (items  14  and  26,  respectively,  p.  2  of  return)  and  also  between  "gross  income"  and  "deductions" 
in  this  table. 

'  "Gross  income"  and  "deductions"  correspond  to  "total  income"  and  "total  deductions"  (items  14  and 
26,  respectively,  p.  2  of  return)  plus,  in  each  instance,  "cost  of  goods  sold"  and  "cost  of  operations"  (item  2 
and  5,  p.  2  of  return).  Unlike  former  years,  "gross  income"  includes  interest  received  on  certain  Govern- 
ment oblisations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  "deductions"  include  con- 
tributions or  gifts  Climited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  exclude 
dividends  received  on  stock  of  domestic  corporations  (item  12(a),  p.  2  of  return). 

*  Includes  the  following  amounts:  Income  tax  of  $59,289,827  reported  on  returns  with  fiscal  year  ended 
prior  to  Dec.  31, 1936  (and  returns  with  part  year  which  began  in  1935);  graduated  normal  tax  of  $930,438,197 
and  flat  normal  tax  of  $35,064,914  for  corporations  exempt  from  the  graduated  rates,  reported  on  returns  for 
the  calendar  year  1936  and  for  fiscal  year  or  part  year  ended  in  period  January  through  June  1937. 

»  Corresponds  to  item  28,  p.  2  of  return.  To  secure  "net  income  for  income  tax  computation"  (item  29, 
p.  2  of  return)  this  amount  of  excess-profits  tax  is  subtracted  from  the  "net  income  for  excess-profits  tax  com- 
putation" (item  27,  p.  2  of  return). 

« Includes  special  nonexpense  deductions  of  life  insurance  companies  (see  p.  7). 


NET    INCOME    AND    DEFICIT    CLASSES 

The  classification  of  the  returns  into  those  "with  net  income"  and 
"with  no  net  income"  and  the  net  income  and  deficit  classes  are  based 
on  net  income  for  income  tax  computation  (item  29,  p.  2  of  return). 
Unlike  former  years,  net  income  for  income  tax  computation  includes 


STATISTICS    OF   INCOME 


11 


dividends  received  on  stock  of  domestic  corporations  subject  to  taxa- 
tion under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of 
return)  and  interest  received  on  certain  Government  obligations, 
which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  ex- 
cludes contributions  or  gifts  (limited  to  5  percent  of  net  income 
before  deduction  of  contributions  or  gifts)  and  excess-profits  tax 
(item  28,  p.  2  of  return). 

In  the  following  table  the  returns  are  segregated  by  net  income  and 
deficit  classes.  There  are  shown,  of  the  following  data,  the  items  that 
are  applicable  to  each  segregation:  number  of  returns,  net  income  or 
deficit,  normal  tax,  surtax  on  undistributed  profits  and  excess-profits 
tax.  The  number  of  returns  of  inactive  corporations  is  also  given  in 
the  lower  part  of  the  table. 

A  more  detailed  description  and  presentation  of  the  returns  sub- 
ject to  surtax  on  undistributed  profits,  classified  by  size  of  net  income, 
is  given  in  the  following  section  of  this  report  entitled  "Surtax  on  undis- 
tributed profits"  and  in  the  text  table  on  pages  12-18. 

In  connection  with  the  1936  data  for  returns  with  net  income  and 
with  no  net  income  classified  by  size  of  net  income  or  deficit,  atten- 
tion is  called  to  the  fact  that  these  data  are  not  strictly  comparable 
with  those  for  prior  years.  The  effect  of  the  inclusion  in  net  income 
for  income  tax  computation  of  dividends  received  on  stock  of  domestic 
corporations  and  interest  received  on  certain  Government  obligations 
is  indicated  by  the  data  shown  in  the  text  table  on  pp.  19-20.  The 
major  changes  contained  in  the  provisions  of  the  Revenue  Act  of 
1936,  affecting  the  tabulated  data  for  corporations,  are  described  in 
the  section  of  this  report  entitled  "Revenue  acts  under  which  returns 
are  filed,"  pages  2-3,  and  are  summarized  in  the  section  of  this 
report  entitled  "Revenue  Acts  of  1913-1936  and  certain  tax  provisions 
of  the  National  Industrial  Recovery  Act  (1933) ;  also  the  special  excise 
tax  under  the  act  of  August  5,  1909,"  pages  195-200. 

Corporations,  1936,  by  net  income  and  deficit  classes:  number  of  returns,  net  income 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  and  per- 
centages, 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 ' 

Normal  t-ix  2 

Surta.x  on  undis- 
tributed profits 

E.xcess-profits 
tax  ■■> 

Num- 
ber 

Percent 

Amount 

Percent 

Amount 

Percent 

Amount 

Percent 

Amount 

Percent 

Under  1 

1-2 

2-3 

74,728 

24,  526 

14,  767 

10,  320 

7,864 

21,438 

10,  939 

6,302 

4,  447 

10,  959 

7,  046 

5,233 

2,107 

1,197 

1,058 

230 

36.78 
12.07 
7.27 
5.08 
3.87 
10.  55 
5  39 
3.10 
2.19 
5.39 
3.47 
2.  .58 
1.04 
.59 
.52 

.11 

26, 107 

35,  946 

36.  666 
36, 164 
.35,  554 

153.  967 
135.344 
110.141 
100.175 
388.  413 
498,  682 
813.  120 
738,  865 
835. 894 
2, 145,  833 

3,  387,  307 

0.28 

.38 

.39 

.38 

.37 

1.62 

1.43 

1.16 

1.06 

4.10 

5.26 

8.58 

7.79 

8.82 

22.64 

35.  74 

2.094 

2,878 

3.110 

3.238 

3.  281 

14,859 

13.416 

11.  175 

10.  424 

42  031 

57,  409 

97, 0.-3 

8.8,  131 

99,  622 

241, 184 

334.  888 

0.20 

.28 

.30 

.32 

.32 

1.45 

1.31 

1.09 

1.02 

4.10 

5.60 

9.47 

8.60 

9.72 

23.  .54 

32.68 

1,22? 

1.393 

1,199 

1,067 

972 

3,927 

3,420 

2,  708 

2,443 

9,366 

12, 173 

19,  422 

15,  591 

1.5,882 

29, 112 

25,  071 

0.85 

.96 

.83 

.74 

.67 

2.71 

2.36 

1.87 

1.68 

6.46 

8.40 

13.40 

10.75 

10.95 

20.08 

17.29 

162 

247 

261 

276 

296 

1.  285 

1,053 

814 

690 

2,290 

2,584 

3.153 

1,942 

2,208 

3,106 

1.243 

0.75 
1.14 
1.21 

3-4 

4-5 

1.28 
1.37 

5-10 

10-15 

5.95 
4.87 

15-20 

20-25.. 

3.77 
3.19 

25-.50 

10,  59 

.50-100 

100-250 

250-500 

500-1,000 

1.000-5,000..-. 

5,000      and 

over 

11.96 
14.59 

8.99 
10.22 
14.37 

5.75 

Total.. 

203. 161 

100.00 

9.  478.  241 

100. 00 

1,  024.  793 

100.00 

144, 972 

100.00 

21.613 

100  00 

For  footnotes,  see  p.  12. 


12 


STATISTICS    OF    INCOME 


Corporations,  1936,  by  net  income  and  deficit  classes:  number  of  returns,  net  income 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  and  per- 
centages, for  returns  with  net  income  and  no  net  income;  also  number  of  inactive 
corporations — Continued 

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


Returns  with 

no  net  income ' 

Deficit  classes' 

Returns 

Deficit' 

Number 

Percent 

Amount 

Percent 

Underl 

158,  701 

36,  657 

19,342 

11,634 

7,857 

18,061 

7.073 

3,781 

2,392 

5.  021 

2,615 

1,613 

500 

232 

186 

28 

57.56 

13.30 

7.01 

4.22 

2.85 

6.55 

2.57 

1.37 

.87 

1.82 

.95 

.59 

.18 

.08 

.07 

.01 

48, 026 

52,  756 
47,  338 
40,  301 
35;  147 

126,  5G9 
86, 156 
65, 485 

53,  389 
174,  769 
180.523 
242.  989 
173,  554 
159,977 
385, 179 
279,  865 

2.23 

1-2                              

2.45 

2-3                            

2.20 

3^  .     .     . 

1.87 

4-5 

1.6? 

5-10            

5.88 

10-15                                   -  ...  

4.01 

15-20                        

3  04 

20-25               

2.48 

25-50 

8.12 

50-100                   .       

8.39 

100-250          

11.29 

250-500 

8.07 

500-1,000                  .  .--  

7.44 

1000-5  000                                               .  ---  -  

17.90 

13.00 

Total                                         ---  

275,  696 
51,  922 

100.00 

2. 152,  024 

100  00 

1  Net  income  and  deficit  classes  and  tiie  classification  of  returns  into  tiiose  "witli  net  income"  and  "with 
no  net  income"  are  based  on  net  income  for  income  tax  computation  (item  29,  p.  2  of  return).  Unlilve  former 
years,  net  income  for  income  tax  computation  includes  dividends  received  on  stoclv  of  domestic  corporations- 
subject  to  taxation  under  Title  I  of  the  elTective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received 
on  certain  Government  obhjjations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes 
contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and 
excess-profits  tax  (item  28,  p.  2  of  return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net 
income  for  excess-profits  tax  computation  (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the 
above-mentioned  dividends  received  and  interest  received  on  certain  Government  obligations,  and  excludes 
the  above-mentioned  contributions  or  gifts.  The  amount  of  "net  income"  or  "deficit"  in  the  table  equals 
the  difference  between  "total  income"  and  "total  deductions"  (items  14  and  26,  respectively,  p.  2  of  return). 

'See  footnote  4,  p.  10. 

•  See  footnote  5,  p.  10. 


SUETAX    ON    UNDISTRIBUTED    PROFITS 

Under  the  provisions  of  section  14(d)  of  the  Revenue  Act  of  1936, 
effective  for  the  calendar  year  1936  and  thereafter,  all  corporations  are 
subject  to  the  surtax  on  undistributed  profits,  except  the  following: 
banks  and  trust  companies,  a  substantial  part  of  the  business  of  which 
is  the  receiving  of  deposits  and  making  loans  and  discounts;  insurance 
companies;  corporations  with  income  from  sources  within  possessions 
of  the  United  States  w^hich  are  entitled  to  the  benefits  of  section  251 
of  the  Revenue  Act  of  1936;  corporations  organized  under  the  China 
Trade  Act  of  1922;  foreign  corporations;  domestic  corporations  which 
are  in  bankruptcy  or  are  insolvent  and  in  receivership  in  a  court  of  the 
United  States  or  of  any  State,  Territory,  or  the  District  of  Columbia; 
and  joint  stock  land  banks  organized  under  the  Federal  Farm  Loan 
Act,  as  amended. 

The  surtax  is  equal  to  the  sum  of:  7  percent  of  the  portion  of  the- 
undistributed  net  income  which  is  not  over  10  percent  of  the  adjusted 


STATISTICS    OF    INCOME  13 

net  income;  12  percent  of  the  portion  of  the  undistributed  net  income 
which  is  over  10  percent  and  not  over  20  percent  of  the  adjusted  net 
income;  17  percent  of  the  portion  of  the  undistributed  net  income 
which  is  over  20  percent  and  not  over  40  percent  of  the  adjusted  net 
income ;  22  percent  of  the  portion  of  the  undistributed  net  income  which 
is  over  40  percent  and  not  over  60  percent  of  the  adjusted  net  income; 
27  percent  of  the  portion  of  the  undistributed  net  income  which  is 
over  60  percent  of  the  adjusted  net  income.  A  specific  credit  is 
allowed  corporations  with  adjusted  net  income  of  less  than  $50,000 
whereby  the  undistributed  net  income  subject  to  the  surtax  rate  of  7 
percent  is  increased  to  an  amount  not  in  excess  of  $5,000. 

The  adjusted  net  income  (item  28,  face  of  return)  equals  the  net 
income  for  excess-profits  tax  computation  (item  27,  page  2  of  return) 
less  the  excess-profits  tax,  normal  tax,  interest  received  on  certain 
Government  obligations  subject  to  the  excess-profits  tax,  and  certain 
credits  allowed  to  holding  company  affiliates  and  to  national  mortgage 
associations.  The  undistributed  net  income  (item  31,  face  of  return) 
equals  the  adjusted  net  income  less  the  dividends  paid  credit  and  the 
credit  for  contracts  restricting  the  payments  of  dividends. 

In  the  following  table  the  returns  with  net  income  for  the  calendar 
year  1936  or  for  a  fiscal  year  or  a  part  year  ended  in  the  period  Jan- 
uary through  June  1937,  are  segregated  by  returns  of  corporations 
subject  to  the  surtax  on  undistributed  profits,  by  returns  of  corjDora- 
tions  not  subject  to  the  surtax,  and  by  net  income  classes.  The  re- 
turns of  corporations  subject  to  the  surtax  are  further  classified  by 
the  highest  surtax  rate  reported  on  each  return  and  by  those  with  no 
surtax.  There  are  shown,  of  the  following  data,  the  items  that  are 
applicable  to  each  segregation:  number  of  returns,  net  income,  divi- 
dends paid  credit,  undistributed  net  income,  normal  tax,  surtax  on 
undistributed  profits  and  excess-profits  tax.  There  are  also  included 
in  the  following  table  data  for  the  returns  with  net  income  with  fiscal 
year  ended  in  the  period  of  July  through  November  1936  and  returns 
with  net  mcome  with  part  year  which  began  in  1935,  wliich  are  filed 
under  the  provisions  of  the  Revenue  Acts  of  1934  and  1935. 

Of  the  203,161  returns  with  net  income  included  in  this  report, 
190,141  are  filed  under  the  Revenue  Act  of  1936.  Of  the  returns  filed 
under  this  act,  181,131  are  for  corporations  subject  to  the  surtax  on 
undistributed  profits.  Of  the  returns  of  corporations  subject  to  the 
surtax  on  undistributed  profits,  135,904  show  a  surtax  liability  of 
$144,972,284  and  45,227  show  no  surtax  habiUty  because  the  divi- 
dends paid  credit  and/or  the  credit  for  contracts  restricting  dividend 
payments  are  in  excess  of  the  adjusted  net  income.  Of  the  returns 
with  surtax  liability,  115,095  show  7  percent  as  the  highest  surtax 
rate,  5,049  show  12  percent  as  the  highest  surtax  rate,  6,821  show  17 
percent  as  the  highest  surtax  rate,  4,443  show  22  percent  as  the  highest 
surtax  rate,  and  4,496  returns  show  27  percent  as  the  highest  surtax 
rate. 


114338—39 2 


14 


STATISTICS    OF   INCOME 


Corporations,  1936,  with  net  income,  by  returns  filed  under  Revenue  Act  of  1936  by 
corporations  subject  to  surtax  on  rmdistributed  profits,  by  highest  stirtax  rate,  by 
net  income  classes:  number  of  returns,  net  income,  dividends  paid  credit,  undis- 
tributed net  income,  normal  tax,  surtax  on  undistributed  profits  and  excess-profits 
tax;  also  by  corporations  not  subject  to  surtax  on  undistributed  profits  and  returns 
filed  under  the  Revenue  Acts  of  1934  (^f^d  1935 

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


Number  of  returns  with 
net  income  ' 

Returns  of  corporations  subject  to  surtax  on 
undistributed  profits  ^ 

Returns  with  surtax 

Net  income  classes ' 

Total 

Total 

Returns 

filed  under 

Revenue 

Act  of 

1936 

Number 

of 
returns 

Net  in- 
come ' 

Divi- 
dends 
paid 
credit ' 

Undis- 
tributed 

net 
income ' 

132,  205 

21, 438 

10, 939 

6,302 

4,447 

10,059 

7,046 

5,233 

2,107 

1,197 

1, 058 

230 

124,  338 

19, 991 

10, 171 

5,879 

4,157 

10,  099 

6,472 

4,792 

1,915 

1,118 

987 

222 

98, 047 
11,  832 

5,747 

3,224 

2,304 

5,677 

3,814 

2.814 

1,147 

640 

531 

127 

111,210 

84,  665 

71,270 

£6, 437 

52,  007 

202,  202 

271,586 

438,  039 

401,  604 

449,  570 

1, 089,  753 

2,131,802 

17, 498 

27,  598 

32, 178 

27, 953 

27,  666 

112,792 

157,  930 

253,  565 

244, 186 

278,  335 

735,  557 

1,  635, 494 

83,  555 

5-10 

47,  736 

10-15                            

31,  220 

15-20         - 

22,007 

20-25      

18, 304 

25-50      

64, 823 

50-100 

79,  282 

100-250 

126, 908 

250-500       

105, 062 
111,957 

500-1,000    

1,000-5,000 

216, 674 
253,  548 

5,000  and  over 

Total  --. 

203,  IGl 

190, 141 

135,  904 

5,  360, 154 

3,  550,  752 

1,161,077 

Net  income  classes  ' 


Under  5 

6-10 

10-15 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000  and  over 

Total... 


Returns  of  corporations  subject  to  surtax  on  undistril)uted  profits' — Con. 


Returns  with  surtax — Continued 


Total— Continued 


Normal 
tax 


9,276 

8,108 

7,041 

5,734 

5,439 

22, 198 

32,  060 

54, 044 

49,  660 

55,  729 

129,  204 

235, 835 


614,  328 


Surtax  on 
undis- 
tributed 
profits 


5,858 

3,927 

3,420 

2,708 

2,443 

9,366 

12, 173 

19, 422 

15,  591 

15,  882 

29, 112 

25,  071 


144,  972 


Excess- 
profits 
tax 


954 

838 

668 

496 

404 

1,424 

1,687 

2,075 

1,382 

1,664 

2,482 

1,211 


15,  284 


Highest  surtax  rate,  7  percent 


Number 

of 
returns 


98, 047 

7,241 

3,072 

1.526 

1.003 

1,940 

917 

656 

298 

1.58 

177 

60 


Net  in- 
come 1 


111,219 
50, 306 
37, 930 
26,  5H7 
22,  605 
67,  .593 
64,  623 
102,312 
106, 030 
111,356 
391,471 
903,  651 


115, 095       1, 995, 663         1,  582,  709 


Dividends 

paid 

credit » 


17,  498 

26,  674 

27,  004 
19,  885 
17,  727 
54,  747 
54,  251 
85,  623 
88,  776 
92,  547 

327, 884 
770, 094 


For  footnotes,  see  p.  18. 


STATISTICS   OF   INCOME 


15 


•Corporations,  1936,  with  net  income,  by  returns  filed  under  Revenue  Act  of  1936  by 
corporations  subject  to  surtax  on  undistributed  profits,  by  highest  surtax  rate,  by 
net  income  classes:  nuviber  of  returns,  net  income,  dividends  paid  credit,  undis- 
tributed net  income,  normal  tax,  surtax  on  undistributed  profits  and  excess-profits 
tax;  also  by  corporations  not  subject  to  surtax  on  undistributed  profits  and  returns 
filed  under  the  Revenue  Acts  of  1934  and  1935 — Continued 

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


Net  income  classes  ' 


Under  5 -- 

5-10 

10-15 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000  and  over 

Total- 


Returns  of  corporations  subject  to  surtax  on  undistributed  profits  '—Con. 


Returns  with  surtax — Continued 


Highest  surtax  rate,  7  percent— Continued 


Undis- 
tributed 

net 
income ' 


83, 555 
18,  070 
6,804 

3,  647 
2,296 

4,  509 
2,584 
3,902 
4,113 
5,053 

16,  436 
40,  768 


191,  798 


Normal 
tax 


9,276 
4,827 
3,749 
2,  692 
2,  356 
7,250 
7,354 
12,033 

12,  207 

13,  667 
42.  363 
88, 910 


206,  683 


Surtax  on 
undis- 
tributed 
profits 


5,858 

1,271 

481 

256 

162 

320 

181 

274 

288 

374 

1,151 

2,854 


13, 469 


Excess- 
profits 
tax 


954 
467 
316 
210 
160 
416 
309 
274 
256 
302 
624 
331 


4,618 


Highest  surtax  rate,  12 
percent 


Number 

of 
returns 


1,398 
463 
385 
299 
845 
694 
478 
198 
138 
114 
37 


5,049 


Net  in- 
come ' 


9,003 
5,837 
6,794 
6,820 
30,  509 
49,  352 
75,913 
69,  534 
97,  446 
228,  350 
810,  663 


1, 390,  222 


Returns  of  corporations  subject  to  surtax  on  undistributed  profits »— Con. 

Returns  with  surtax— Continued 

Net  Income  classes ' 

Highest  surtax  rate,  12  percent— Continued 

Highest 
surtax  rate, 
17  percent 

Dividends 

paid 

credit » 

Undistrib- 
uted net 
income ' 

Normal 
tax 

Surtax  on 
undistrib- 
uted 
profits 

Excess- 
profits  tax 

Number  of 
returns 

Under  5 

5-10 

591 

2,607 

3,788 

4,199 

21,  265 

36,  783 

56,  042 

51.495 

72,  376 

169,  807 

609,  857 

7,449 
2,579 
2,220 
1,814 

5,  583 

6,  507 
9,916 
9.002 

12,  395 
30,  538 
103,  640 

856 

582 

70S 

721 

3,351 

5,652 

9,227 

8,677 

11,810 

2'^  558 

95,  458 

546 

195 

170 

143 

459 

554 

859 

776 

1,062 

2.721 

8,869 

96 
53 
48 
64 
184 
261 
341 
189 
244 
626 
688 

1,977 

10-15                  .               

551 

15-20     -  

426 

20-25 

378 

25-50 

1,174 

50-100 

956 

100-250 

731 

250-500               .     . 

303 

500-1,000     

163 

1,000-5,000 

140 

5,000  and  over 

22 

Total 

1,  028,  809 

191.642 

163.  601 

16,  357 

2.794 

6,821 

For  footnotes,  see  p.  18. 


16 


STATISTICS    OF    INCOME 


Corporations,  1936,  with  net  income,  hrj  returns  filed  under  Revenue  Act  of  1936  by 
corporations  subject  to  surtax  on  undistributed  profits,  by  highest  surtax  rate,  by 
net  income  classes:  number  of  returns,  net  income,  dividends  paid  credit,  undis- 
tributed net  income,  normal  tax,  surtax  on  undistributed  profits  and  excess-profits 
tax;  also  by  corporations  not  subject  to  surtax  on  undistributed  profits  and  returns 
filed  under  the  Revenue  Acts  of  1934  and  1935 — Continued 

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


esi 

Returns  of  corporations  subject  to  surtax  on  undistributed  profits'— Con. 

Returns  with  surtax — Continued 

Net  income  class 

Hisjhest  surtax  rate,  17  percent— Continued 

Net  in- 
come ' 

Dividends 

paid 

credit ' 

Undistrib- 
uted net 
income  ' 

Normal 
tax 

Surtax  on 
undistrib- 
uted 
profits 

Excess- 
profits  tax 

Under  5 

5-10 

14, 453 
6,937 

7,  .565 

8,  507 
42,  267 
68,  498 

112,785 
106, 519 
115,604 
290,  716 
341,  792 

315 

2,119 

3,228 

4,092 

24, 174 

41,  705 

68,  849 

64,  880 

70,  358 

177,  424 

222, 074 

12,511 

3,999 

3,436 

3,398 

12, 976 

17,  839 

28,  802 

26, 763 

29, 181 

73, 942 

78, 168 

1,382 

695 

789 

909 

4,734 

8,340 

14,  352 

13,  880 

15,019 

38,  222 

40,  620 

1,080 

374 

335 

351 

1,432 

2,145 

3,428 

3,302 

3,468 

8.801 

8,785 

155 

10-15 

73 

15-20     

02 

20-25 

65 

2,5-50 

316 

50-100 

477 

100-250    - 

478 

250-500    .  . 

433- 

500-1,000 

569 

1,000-5,000 

G27 

5,000  and  over 

72' 

Total 

1, 115,  644 

679,  217 

291,  016 

138, 942 

33,  501 

3,356 

Returns  of  corporations  subject  to  surtax  on  undistributed  profits 2— Continued 

Returns  with  surtax— Continued 

Net  income  classes  ■ 

Highest  surtax  rate,  22  percent 

Number 
of  re- 
turns 

Net  in- 
come 1 

Dividends 
paid  credit « 

Undis- 
tributed 
net  in- 
come ' 

Normal 
tax 

Surtax  on 
undis- 
tributed 
profits 

Excess- 
profits 
tax 

Under  5    .. 

5-10 . 

1, 216 
656 
213 
190 
713 
605 
472 
195 
116 
60 
7 

4,443 

10,902 

7,537 

3,753 

4,296 

25, 875 

42,  971 

73,  552 

66,  495 

80,  924 

106, 942 

68,  214 

18 

426 

907 

1,349 

10,  057 

18,  837 

32, 425 

29,  651 

36,  522 

48,  266 

31, 052 

9,707 

6,233 

2,408 

2,434 

12,  571 

18,  455 

31, 193 

28, 068 

34, 097 

45, 101 

27, 110 

1,044 

758 

383 

465 

2,955 

5,  269 

9,  301 

8,692 

10, 087 

13, 087 

9,741 

1,031 

749 

303 

320 

1,777 

2,754 

4,645 

4,198 

5,  065 

6,813 

3,929 

119 

10-15 

90' 

15-20 

34 

20-25 

40 

25-50 

217 

50-100 

100-250 

302 
483 

250-500  .  . 

248 

500-1,000 

322 

1,000-5,000 

305 

5,000  and  over 

31 

Total 

491,  462 

208,  509 

217,  377 

61,  781 

31,  582 

2, 190. 

For  footnotes,  see  p.  18, 


STATISTICS    OF   INCOME 


17 


■Corporations,  1936,  with  net  income,  by  returns  filed  xmder  Revenue  Act  of  1936  by 
corporations  subject  to  surtax  on  undistributed  profits,  by  highest  surtax  rate,  by 
net  income  classes:  number  of  returns,  net  income,  dividends  paid  credit,  undis- 
tributed net  income,  normal  tax,  surtax  on  undistributed  profits  and  excess-profits 
tax;  also  by  corporations  not  subject  to  surtax  on  undistributed  profits  and  returns 
filed  under  the  Revenue  Acts  of  193 J,,  and  1935 — Continued 

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


Returns  of  corporations  subject  to  surtax  on  undistributed  profits 2— Continued 

Returns  with  surtax— Continued 

Net  income  classes' 

Highest  surtax  rate,  27  percent 

Number 
of  re- 
turns 

Net  in- 
come ' 

Dividends 

paid 

credit » 

Undis- 
tributed 
net  in- 
come' 

Normal 
tax 

Surtax  on 
undistrib- 
uted profits 

Excess- 
profits 
tax 

Under  5      

5-10- 

10-15      

1,005 

674 

434 

1,005 

642 

477 

153 

65 

40 

1 

13, 030 
11,758 

9,779 
35, 958 
46, 141 
73,  478 
53, 026 
44,  239 
72,  273 

7,482 

22 

145 

299 

2.550 

6, 354 

10, 625 

9.384 

7,532 

12, 176 

2,417 

11,604 
10,  296 

8,362 
29, 125 
33, 897 
53,094 
37. 116 
31,231 
50, 657 

3,862 

1,257 
1,162 
990 
3,907 
5,445 
9,131 
6,204 
5,147 
8,973 
1,106 

1,621 
1,643 
1,467 
5,377 
6,539 
10, 216 
7,026 
5,913 
9,626 
635 

136 

15-20  

111 

'20-25 

75 

•25-50 

291 

50-100 

339 

100-250 

500 

250-500 

255 

500-1,000 

228 

1,000-5,000 

301 

5,000  and  over 

89 

Total 

4,496 

367, 164 

51,  507 

269, 244 

43,323 

50,063 

2,325 

Returns  of  corporations  subject  to  surtax  on  xmdistributed 
profits  2— Continued 

Net  income  classes  i 

Returns  with  no  surtax  ' 

Number  of 
returns 

Net  in- 
come 1 

Dividends 
paid  credit ' 

Normal  tax 

Exce<!S- 
profits  tax 

Under  5 

22, 037 

6,448 

3,604 

2,230 

1,549 

3,778 

2,305 

1,727 

652 

419 

390 

88 

39,  210 

46,  450 

44,  504 

38,901 

34,  831 

133,  385 

162, 370 

266, 875 

229,  799 

294,  036 

794,  502 

1,113,390 

32,  336 

38,  775 

37,  714 

33, 119 

29. 619 

113, 930 

137, 292 

223,  746 

195, 388 

242, 166 

679, 492 

1, 000,  590 

2,972 

4,080 

4,084 

3,716 

3,413 

13,  571 

17,812 

30,  586 

26, 853 

33,344 

84.  835 

90,217 

229 

5-10 

333 

10-15... 

277 

15-20                                                          .       .  . 

240 

20-25              ....                         

212 

25-50       .  - 

637 

50-100  . 

698 

100-250 

777 

250-500 

362 

500-1,000. __ 

374 

1,000-5,000.. 

455 

5,000  and  over           .  . 

10 

Total 

45,  227 

3, 198, 254 

2,  764, 167 

315,  481 

4,604 

For  footnotes,  see  p.  18. 


18 


STATISTICS    OF   INCOME 


Corporations,  19S6,  with  net  income,  by  returns  filed  under  Revenue  Act  of  1936  hi/> 
corporations  subject  to  surtax  on  undistributed  profits,  by  highest  surtax  rate,  by 
net  income  classes:  number  of  returns,  net  income,  dividends  paid  credit,  undis- 
tributed net  income,  normal  tax,  surtax  on  undistributed  profits  and  excess-profits 
tax,  also  by  corporations  not  subject  to  surtax  on  undistributed  profits  and  returns 
filed  under  the  Revenue  Acts  of  1934  and  1935 — Continued 

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


Returns  of  corporations  not  subject  to 
surtax  on  undistributed  profits' 

Returns  filed  under  Revenue  Acts  of 
1934  and  1935  < 

Net  income  classes  • 

Number 
of  re- 
turns 

Net  in- 
come' 

Normal 
tax* 

Excess- 
profits 
tax 

Number 
of  re- 
turns 

Net  in- 
come ' 

Income 
tax 

Excess- 
profits 
tax 

Under  5 

4,254 

1,711 

820 

425 

304 

644 

3.53 

251 

116 

59 

66 

7 

9,634 
12, 488 
10, 144 
7,439 
6,826 
22,  484 
24,  531 
38, 952 

39,  364 

40,  495 
119,360 

50,  619 

969 

1,291 

1,039 

749 

698 

2,323 

2,328 

3,783 

3,680 

3,889 

10,  999 

3,945 

28 
76 
74 
46 
49 
141 
110 
112 
84 
15 
14 

7,867 

1,447 

768 

423 

290 

860 

574 

441 

192 

79 

71 

8 

10,  375 

10, 364 

9,426 

7,367 

6,511 

30,  341 

40, 196 

69, 253 

68,  097 

51,793 

142,  218 

91,556 

1,385 

1,380 

1,253 

976 

874 

3,939 

5,210 

8,640 

7,937 

6,660 

16, 146 

4,891 

32 

5-10. 

38 

10-15             -. 

35 

15-20       

33 

20-25  ..   

25 

25-50 - 

88 

50-100 -.. 

88 

100-250 

190 

250-500                  ..   .. 

115 

500-1,000 ._. 

1,000-5,000 

155 
155 

5,000  and  over 

22 

Total ..-. 

9,010 

382, 336 

35, 694 

747 

13, 020 

537,  498 

59,  290 

977 

'  Net  income  classes  and  the  classification  of  the  returns  "with  net  income"  are  based  on  net  income  for 
income  tax  computation  (item  29,  p.  2  of  return).  Unlike  former  years,  net  income  for  income  tax  computa- 
tion includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the 
effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain  Government  obligations, 
which  is  subject  to  excess-profits  tax  (item  8,  p  2  of  return),  and  excludes  contributions  or  gifts  (limited  to  5 
percent  of  net  income  before  deduction  of  con  tributions  or  gifts)  and  excess-profits  tax  (item  28,  p .  2  of  return) . 
The  amount  of  "net  income"  represents  the  net  income  for  excess-profits  tax  computation  (item  27,  p.  2  of 
return),  which,  unlike  former  years,  includes  the  above-mentioned  dividends  received  and  interest  received 
on  certain  Government  obligations  and  excludes  the  above-mentioned  contributions  or  gifts.  The  amount 
of  "net  income"  in  the  table  equals  the  difference  between  "total  income"  and  "total  deductions"  (items 
14  and  26,  respectively,  p.  2  of  return). 

'  Returns  for  the  calendar  year  1936  and  for  a  fiscal  year  or  part  year  ended  in  the  period  January  through 
June  1937  of  corporations  which  are  not  exempt  by  law  from  the  surtax  on  undistributed  profits. 

'  Returns  for  the  calendar  year  1936  and  for  a  fiscal  year  or  part  year  ended  in  the  period  January  through 
June  1937  of  corporations  which  are  exempt  by  law  from  the  surtax  on  undistributed  profits  under  the  pro- 
visions of  section  14(d)  of  the  Revenue  Act  of  i936. 

<  Returns  for  fiscal  year  ended  in  the  period  July  through  November  1936  and  325  part  year  returns  with 
period  (beginning  in  1935)  the  greater  part  of  which  was  in  1936. 

»  Returns  with  no  undistributed  net  income  on  which  the  dividends  paid  credit  and/or  the  credit  for  con- 
tracts restricting  dividend  payments  equal  or  exceed  the  adjusted  net  income. 

«  Dividends  paid  credit  (item  29,  face  of  return)  plus  credit  for  contracts  restricting  dividend  payments 
(item  30.  face  of  return). 

'  The  undistributed  net  income  equals  the  adjusted  net  income  less  the  dividends  paid  credit  and  the 
credit  for  contracts  restricting  dividend  payments.  The  adjusted  net  income  equals  the  net  income  for 
excess-profits  tax  computation  less  the  following;  excess-profits  tax,  normal  tax,  interest  on  certain  Govern- 
ment obligations  which  is  subject  to  the  excess-profits  tax,  credit  allowable  to  holding  company  affiliates, 
and  the  credit  allowable  to  national  mortgage  associations. 

8  Normal  tax  at  flat  rates  of  15  and  22  percent  reported  on  returns  for  the  calendar  year  1936  and  for  a  fiscal 
year  or  part  year  ended  in  the  period  January  through  June  1937  of  corporations  exempt  by  law  from  the- 
surtax  on  undistributed  profits. 

°  Net  income  has  been  arbitrarily  adjusted  to  include  dividends  received  on  stock  of  domestic  corporations 
subject  to  taxation  under  Title  I  of  the  effective  revenue  act  and  interest  received  on  certain  Government 
obligations.  No  adjustment  was  made  for  contributions  or  gifts  which  were  not  required  to  be  reported 
on  returns  for  a  fiscal  year  ended  in  the  period  July  through  November  1936,  and  for  a  part  year  which  began 
in  1935. 

DIVIDENDS   RECEIVED,   INTEREST   RECEIVED    ON   GOVERNMENT   OBLIGATIONS, 
AND  DIVIDENDS  PAID,  BY  NET  INCOME  AND  DEFICIT  CLASSES 

The  following  table  shows  for  the  returns  by  net  income  and  deficit 
classes,_  the  followiDg  data:  total  number  of  returns;  number  of  returns 
with  dividends  received  and  amount  of  dividends  received;  interest 
received  on  Government  obligations,  amount  subject  to  excess-profits 
tax  and  amount  wholly  tax-exempt;  number  of  returns  with  cash 
dividends  paid,  with  cash  and  stock  dividends  paid,  and  with  stock 
dividends  paid;  and  the  amounts  of  cash  and  stock  dividends  paid. 

The  information  shown  in  this  table  indicates  the  effect  on  the 
segregation  of  the  returns  with  net  income  and  with  no  net  income  and 


STATISTICS   OF   INCOME 


19 


by  net  income  and  deficit  classes  by  the  inclusion  in  net  income  for 
LQCome  tax  computation  of  dividends  received  on  stock  of  domestic 
corporations,  and  interest  received  on  certain  Government  obligations 
which  is  subject  to  the  excess-profits  tax.  These  data  should  be  used 
in  connection  with  the  text  table  on  pages  11-12. 

Corporations,  1936,  by  net  income  and  deficit  classes:  total  number  of  returns,  num- 
ber of  returns  with  dividends  received,  amount  of  dividends  receivea,  interest  received 
on  Government  obligations,  number  of  returns  with  cash  dividends  paid,  with  cash 
and  stock  dividends  paid,  and  with  stock  dividends  paid,  and  amount  of  cask 
and  stock  dividends  paid,  for  returns  with  net  income  and  with  no  net  income 

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


Returns  with  net  income  ' 

Net  income  classes  ' 

Total 
number 
of  returns 

Dividends  received  ' 

Interest  received  on  Government 
obligations 

Number  of 
returns 

Amount 

Total 

Subject  to 

excess- 
profits  tax  * 

Wholly 

tax- 
exempt  * 

Under  1. 

74,  728 

24,  526 

11,767 

10,  320 

7,864 

21, 438 

10, 939 

6,302 

4,447 

10,  959 

7,046 

5,233 

2,107 

1,197 

1,058 

230 

3,978 
2,157 
1,603 
1,387 
1,181 
3,839 
2,390 
1,594 
1,247 
3,  643  • 
2,883 
2,604 
1,251 
790 
794 
203 

3,102 

3,087 

2,565 

2,611 

2,320 

11,916 

11,453 

9,739 

9,462 

44,  721 

70,  529 

135, 967 

143,  272 

181,  231 

586,  882 

1,  285,  065 

4,680 

5,232 

4,236 

5,034 

4,  553 

17, 880 

12,  279 

8,764 

8,767 

27,  304 

37,  370 

54,  408 

40, 036 

48,  855 

122,  932 

86. 059 

1,785 

2,178 

2,049 

2,593 

2,260 

8,897 

6,304 

4,730 

4,  434 

12,  205 

15,  637 

24,  386 

18,  405 

26,  808 

61,  664 

46, 113 

2,895 

1-2 

3,053 

2-3. 

2,187 

3-4... 

2,441 

4-5 

2,293 

5-10    .- 

8,982 

10-15 

5,  975. 

15-20 

4,034 

20-25 

4,333; 

25-50 

15, 099 

50-100 

21,  73a 

100-250 

30,  021 

250-500. 

21,631 

500-1,000... 

22,  047 

1,000-5,000 

61,  268- 

5,000  and  over 

39, 946 

Total. 

203, 161 

31,544 

2,  503,  922 

488,  388 

240,  451 

247, 93» 

Returns  with  net  income 

—Continued 

Dividends  paid » 

Net  income  classes  • 

Number  of  retiurns  with— 

Amount  of 

cash 
dividends 

Cash  divi- 
dends, no 

stock 
dividends 

Cash  and 

stock 
dividends 

Stock  divi- 
dends, no 

cash 
dividends 

Amount  of 

stock 
dividends 

Under  1 

8,597 
7,180 
5, 864 
4,788 
3,933 
12, 924 
7,881 
4,823 
3,550 
8,842 
5,914 
4,407 
1,817 
1,070 
958 
212 

64 
66 

61 
69 
57 
212 
178 
116 
93 
294 
193 
158 
81 
33 
27 
12 

213 

163 

106 

84 

62 

214 

113 

29 

30 

57 

29 

14 

5 

3 

2 

15, 196 

18,  294 
18,818 

19,  737 

20,  840 
91, 004 
89, 487 
77,  661 
70,  790 

266, 102 
339,  634 
541,455 
492,  647 
581,  533 
1,  625, 325 
2, 910,  697 

1,58a 

1-2 

2,100- 

2-3 

1,301 

3-4 

1,519 

4-5 

910' 

5-10 

6,031 

10-15 

5,  436 

15-20 

6,  542: 

20-25 

3,  656 

25-50 

18,  214 

50-100 

18,  233 

100-250  

30,  785 

250-500 

27, 264- 

500-1,000.... 

19,  490 

1,000-5,000 

163,  581 

5,000  and  over 

28,  67a 

Total... 

82,  760 

1,714 

1,124 

7, 179,  220 

335,  31* 

For  footnotes,  see  p.  20. 


20 


STATISTICS    OF    IXCOME 


Corporations,  1936,  by  net  income  and  deficit  classes:  total  number  of  returns,  num- 
ber of  returns  with  dividends  received,  amount  of  dividends  received,  interest  received 
on  Government  obligations,  number  of  returns  with  cash  dividends  paid,  with  cash 
and  stock  dividends  paid,  and  with  stock  dividends  paid,  and  amount  of  cash 
and  stock  dividends  paid,  for  returns  with  net  income  and  with  no  net  income — Con. 

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


Deficit  classes  ' 


Returns  with  no  net  income  ' 


Total 

number 

of  returns 


Dividends  received  2 


Number  of 
returns 


Interest  received  on  Government 
obligations 


Total 


Subject  to 

excess- 
profits  tax  * 


Wholly 

tax- 
exempt  • 


Under  1 

1-2 

2-3 

3-4 

4-5_. 

5-10 

10-15 

15-20 

20-25 

25-50 

50-100- 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000  and  over 

Total... 


158,701 

36,  657 

19,  342 

11,631 

7,  857 

18,  064 

7.073 

3,781 

2,392 

5,021 

2,615 

1,613 

500 

232 

186 

28 


4,294 

1,644 

1,014 

710 

540 

1,  500 

733 

442 

327 

822 

529 

434 

176 

104 

112 

22 


6,439 

2,235 

2,152 

1,574 

1,717 

4,204 

4,712 

2,814 

1.354 

8,477 

11,935 

18.  639 

9,592 

18,905 

.52,  241 

25,  687 


6,096 
3,785 
3,249 
3,396 
1,987 
9,109 
5,  022 
3.882 
2.804 
10.  586 
12.  626 
14.686 
25,  903 
15, 493 
74, 971 
42,  314 


2,200 

902 

897 

929 

620 

2,835 

1,398 

1,179 

1,043 

2.794 

3,889 


3,896 

2,883 

2,352 

2,467 

1,367 

6,274 

3.625 

2,702 

1,761 

7,793 

8,736 

11,660 

19,  494 

12,211 

67,  788 

41,  724 


275,  696 


13,  403  172,  676  235,  908 


39, 177 


196,  731 


Returns  with  no  net  income  i — Continued 

*                              Dividends  paid  ^ 

Deficit  classes  ' 

Number  of  returns  with^ 

Amount  of 

cash 
dividends 

Cash  divi- 
dends, no 

stock 
dividends 

Cash  and 

stock 
dividends 

Stock  divi- 
dends, no 

cash 
dividends 

Amount  of 

stock 
dividends 

Under  1 

2,420 

899 

516 

372 

271 

707 

365 

227 

158 

365 

220 

150 

60 

42 

30 

7 

16 
4 
9 
4 
6 
5 
2 
4 
3 
2 
1 
1 

84 
25 
15 
12 
7 
8 
12 
4 
5 
14 
5 
3 

9,223 
6,174 
3.187 
3,480 
2,517 

10,  501 
8,413 
4,445 
5,985 

14, 167 

21,  595 

22,  845 
1.5,  023 
26,  014 
■U,  802 

4,742 

928 

1-2 . 

463 

2-3 

295 

3-4 . 

285 

4-5 

134 

5-10 

312 

10-15 

514 

1.5-20 

188 

20-25 

100 

25-50 

4,314 

50-100 . 

281 

100-250 

1,770 

250-500 

500-1,000 

2 

69 

1,000-5,000 

5,000  and  over .... 

Total 

6,809 

59 

194 

200,  112 

9,653 

'  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  and  the  net  income 
■and  deficit  classes  are  based  on  net  income  for  income  tax  computation  (item  29,  p.  2  of  return).  Unlike 
former  years,  net  income  for  income  tax  computation  includes  dividends  received  on  stock  of  domestic 
■corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return) 
and  interest  received  on  certain  Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8, 
p.  2  of  return),  and  excludes  contributions  or  gifts  (limited  to  5  percent  of  net  mcome  before  deduction  of 
contributions  or  gifts)  and  excess-profits  tax  (item  28,  p.  2  of  return). 

'  Dividends  received  on  stock  of  ilomestic  corporations  subject  to  fixation  imder  Title  I  of  the  effective 
revenue  acts  (item  12(a),  p.  2  of  return). 

3  Data  reported  in  reconciliation  schedule  on  return  (Schedule  M,  item  17). 

<  Included  in  "gross  income,"  "compiled  receipts,"  "net  income,"  and  "deficit,"  throughout  this  report. 
Interest  on  United  States  bonds  and  Treasury  bonds  owned  in  principal  amount  of  over  $5,000,  and  obliga- 
tions of  instrumentalities  of  the  United  States  (other  than  those  issued  under  Federal  Farm  Loan  Act,  or 
such  act  as  amended),  reported  as  item  8,  p.  2  of  return. 

'  Interest  on  obligations  of  States  and  Territories  or  political  subdivisions  thereof,  securities  issued  under 
Federal  Farm  Loan  Act,  or  such  act  as  amended,  obligations  of  the  United  States  issued  on  or  before  Septem- 
ber 1,  1917,  Treasury  notes,  Treasury  bills,  Treasury  certificates  of  indebtedness,  and  United  States  savings 
bonds  and  Treasury  bonds  owned  in  principal  amount  of  $5,000  or  less. 


STATISTICS    OF    INCOME 


21 


DIVIDENDS  PAID 

Dividends  paid  on  the  capital  stock  of  domestic  corporations,  as 
reported  on  the  corporation  income  tax  returns  for  1936,  are:  cash 
$7,379,332,807  and  stock  $344,972,312.  Cash  dividends  paid  in- 
creased over  1935  by  $1,438,712,730,  or  24.2  percent,  and  stock  divi- 
dend payments  increased  $209,120,918,  or  153.9  percent. 

Amounts  specificahy  designated  as  stock  dividends  in  item  17  on 
schedule  M,  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  the  text  table,  pages  19-20,  the  number  of  returns  with  cash 
dividends  paid,  with  both  cash  and  stock  dividends  paid,  and  with 
stock  dividend*  paid,  and  the  amounts  of  cash  and  stock  dividends 
paid  are  shown  by  net  income  and  deficit  classes.  In  basic  table  3, 
pages  70-81,  the  cash  and  stock  dividend  payments  are  exhibited  by 
major  industrial  groups  for  returns  in  the  aggregate  as  well  as  for 
those  with  net  mcome  and  with  no  net  income,  and  in  basic  table  5, 
pages  92-98,  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  cor- 
porations with  net  income  and  with  no  net  income,  for  the  years  1922" 
through  1936,  are  as  follows: 

Corporations,  1922-36:  cash  and  stock  dividends  paid  * 
[Thousands  of  dollars] 


1 

Aggregate 

Returns  with  net  income  2 

Returns  with  no  net 
income  2 

Year 

Cash  divi- 
dends 

Stock  divi- 
dends 

Cash  divi- 
dends 

Stock  divi- 
dends 

Cash  divi- 
dends 

Stock  divi- 
dends 

1922    

3,  436,  715 
4, 169, 118 

4,  338,  823 
5, 189,  475 
5, 945,  293 

3  6,  423, 176 

3  7, 082,  723 

3  8,  519, 812 

3  8, 184,  241 

6, 151, 082 

3, 885,  601 

3, 127,  459 

3  4,  859,  379 

5,  940, 620 
7,  379,  333 

3,  348, 050 
891,286 
510,  526 
544, 431 
757,  650 

3  702, 501 
550, 128 

1,  288,  643 
414, 180 
163,  530 
143, 076 
102, 043 
214,  763 
135, 851 
344, 972 

3, 182,  870 

3,  820,  620 

3, 994,  991 

4,817,301 

5,  530, 211 

3  5,  785, 476 

3  6,  594, 169 

3  8,  005, 952 

3  6,  823,  050 

3.871,880 

2,  320, 386 

2,  385, 889 

3  3, 822,  599 

4, 651,  002 

7, 179,  220 

3, 166,  916 

787, 167 

466,  820 

502,  490 

716,  219 

3  642, 178 

509, 853 

1, 193, 896 

250, 499 

77, 887 

89, 955 

80,  450 

173, 419 

112, 162 

335,  319 

253, 845 

348,  498 

343, 832 

372, 173 

415, 082 

3  637,  701 

488,  554 

513, 860 

1,361,191 

2, 279,  203 

1.  565,  215 

741,  570 

1, 036,  781 

1, 289,  618 

200, 112 

181, 134 

1923 

104, 118 

1924 

43,  706 

1925. 

41,942 

1926 

41,  430 

1927        

60,  323 

1928 

40,  275' 

1929 

94,  747 

1930.. 

163,  681 

1931                 

85,  644 

1932 

1933 

53, 122 
21,  593 

1934 

41,344 

1935 

23,  689 

1936 

9,  653 

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

2  For  1936  the  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  Is  based 
on  net  income  for  income  tax  computation  (item  29,  p.  2  of  return)  which,  unlike  former  years,  includes 
dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue 
act  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain  Government  obligations,  which  is  subject  to 
excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  contributions  or  gifts  (limited  to  5  percent  of  net 
income  before  deduction  of  contributions  or  gifts)  and  excess-profits  tax  (item  28,  p.  2  of  return). 

3  Revised.  For  1927,  see  Statistics  of  Income  for  1928,  p.  329.  For  1928,  see  Statistics  of  Income  for  1935^ 
Part  2,  p.  9,  footnote  2.  For  1929,  see  Statistics  of  Income  for  1934,  Part  2,  p.  9,  footnote  2.  For  1930  and 
1934,  see  Statistics  of  Income  for  1935,  Part  2,  p.  9,  footnote  2. 

In  connection  with  the  data  in  the  above  table  attention  is  called 
to  the  fact  that  the  classifications  of  the  returns  with  net  income  and 
with  no  net  income  for  1936  are  not  strictly  comparable  \\dth  similar 
classifications  for  prior  years.     The  major  changes  contained  in  the 


22  STATISTICS    OF    INCOME 

provisions  of  the  Revenue  Act  of  1936,  affecting  the  tabulated  data 
for  corporations,  are  described  in  the  section  of  this  report  entitled 
"Revenue  Acts  under  which  returns  are  filed,"  pages  2-3,  and  are 
summarized  in  the  section  of  this  report  entitled  "Revenue  Acts  of 
1913-1936  and  certain  tax  provisions  of  the  National  Industrial 
Recovery  Act  (1933);  also  the  special  excise  tax  under  the  act  of 
August  5,  1909,"  pages  195-200. 

The  dividend  payments  for  the  years  1934,  1935,  and  1936,  shown 
in  the  above  table,  are  not  strictly  comparable  with  those  for  prior 
years.  For  statement  of  the  effect  on  dividend  payments  of  the  dis- 
continuance of  the  privilege  of  filing  consolidated  returns  under  the 
Revenue  Act  of  1934,  see  Statistics  of  Income  for  1934,  Part  2,  page  10. 

COMPILED  RECEIPTS  AND  COMPILED  DEDUCTIONS 

In  the  table  on  page  24  there  appears  a  summary  of  compiled 
receipts  and  compiled  deductions  for  the  478,857  returns  of  active 
corporations,  with  segregation  of  those  submitting  and  those  not 
submitting  balance  sheets.  Similar  statistics  for  all  active  corpora- 
tions without  tliis  segregation,  by  major  industrial  groups  and  by 
returns  with  net  income  and  with  no  net  income,  are  presented  in 
basic  table  3,  pages  70-81.  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,  normal  tax,  surtax  on  undistributed 
net  income,  excess-profits  tax,  total  tax,  and  compiled  net  profit  after 
deducting  total  tax. 

Compiled  receipts  comprise  (1)  taxable  income  consisting  of  gross 
sales,  gross  receipts  from  operations  (where  inventories  are  not  an 
income-determining  factor),  taxable  interest  received,  rents  received, 
net  gain  from  sale  of  capital  assets  (real  estate,  stocks,  bonds,  etc.), 
dividends  received  on  stock  of  domestic  corporations,  and  other  items 
grouped  as  "other  receipts,"  and  (2)  tax-exempt  and  taxable  interest 
received  on  Government  obligations.  This  year,  for  the  first  time,  the 
amount  of  dividends  received  on  stock  of  domestic  corporations  sub- 
ject to  taxation  under  Title  I  of  the  effective  revenue  acts  is  included 
in  compiled  receipts  as  an  item  of  taxable  income.  In  former  years, 
this  item  was  tabulated  as  tax-exempt  income  because  dividends  re- 
ceived from  such  domestic  corporations  were  exempt  from  the  income 
and  excess-profit  taxes.  This  year  also,  for  the  first  time,  the  interest 
received  on  Government  obligations  which  is  subject  to  the  excess- 
profits  tax  is  tabulated  separately  from  the  wholly  tax-exempt  interest 
received  on  Government  obligations.  Compiled  receipts  exclude  non- 
taxable income  other  than  interest  received  on  Government  obliga- 
tions, which  is  wholly  tax-exempt.  Compiled  receipts  differ  from 
gross  income,  as  the  two  terms  are  used  in  this  report,  only  by  the 
amount  of  wholly  tax-exempt  interest  received  on  certain  Government 
obligations  included  in  the  former  item. 

Certain  items  of  compiled  receipts,  namely,  dividends  received  on 
stock  of  domestic  corporations  and  wholly  and  partially  tax-exempt 
interest  received  on  Government  obligations  are  shown  for  returns 
with  net  income  and  with  no  net  income  classified  by  net  income  and 
deficit  classes  in  the  text  table  on  pages  19-20. 


STATISTICS    or   INCOME  23 

Compiled  deductions  comprise  cost  of  goods  sold,  cost  of  operations, 
compensation  of  officers,  rent  paid  on  business  property,  bad  debts, 
interest  paid,  taxes  paid  (excepting  income  tax,  excess-profits  tax,  and 
other  disallowed  taxes),  contributions  or  gifts,  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."  This  year,  for  the  first  time,  compiled  deduc- 
tions include  contributions  or  gifts  (limited  to  5  percent  of  net 
income  before  deduction  of  contributions  or  gifts)  for  returns  with 
year  ended  December  31,  1936,  and  thereafter.  Compiled  deduc- 
tions do  not  differ  from  deductions,  as  the  two  terms  are  used  ui  this 
report. 

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  wholly  tax-exempt  interest  received  on  cer- 
tain Government  obhgations.  Compiled  net  loss  is  the  excess  of  com- 
piled deductions  over  compiled  receipts  and  is  smaller  than  deficit,  as 
the  term  is  used  in  this  report,  by  the  amount  of  wholly  tax-exempt 
interest  received  on  certain  Government  obligations.  For  returns 
with  year  ended  December  31,  1936,  and  thereafter,  compiled  net 
profit  differs  from  that  for  prior  years  to  the  extent  that  it  is  affected 
by  the  inclusion  in  the  deductions  of  contributions  or  gifts  permitted 
under  the  Revenue  Act  of  1936,  which  are  limited  to  5  percent  of  the 
net  income  before  deduction  of  contributions  or  gifts. 

The  amounts  tabulated  as  "cost  of  goods  sold"  and  "cost  of  opera- 
tions" (items  2  and  5,  respectively,  page  2  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  opera- 
tions" but  which  are  reported  elsewhere  on  the  returns  are  tabulated 
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 
■deduction  items  other  than  these  three  are  reported  in  "cost  of  goods 
sold"  or  "cost  of  operations,"  adjustment  is  made,  and  the  items  are 
transferred  to  their  appropriate  classifications. 

The  deduction  item  "compensation  of  officers"  excludes  the  amounts 
paid  to  the  officers  of  life  insurance  companies  which  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  deduction  item  "contributions  or  gifts"  is  tabulated  for  returns 
with  year  ended  December  31,  1936,  and  thereafter  and  is  limited  to 
5  percent  of  net  income  before  deduction  of  contributions  or  gifts. 

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  for  returns  with  years  ended  December  31,  1934,  and  there- 
after, are  indicated  in  the  section  of  this  report  entitled  "Revenue 
Acts  of  1913-1936  and  certain  tax  provisions  of  the  National  Indus- 
trial Recovery  Act  (1933);  also  the  special  excise  tax  under  act  of 
August  5,  1909,"  page  199,  footnote  5(d). 


24 


STATISTICS    OF    INCOME 


Corporations,  1936:  number  of  returns,  compiled  receipts  and  compiled  deductions' 
compiled  net  profit,  net  income,  normal  tax,  surtax  on  undistributed  profits,  excess- 
profits  tax,  total  tax,  and  dividends  paid,  for  returns  in  the  aggregate  and  for  those 
with  and  without  balance  sheets 

[Money  figures  in  thousands  of  dollars] 


Aggregate 

Corporations 

submitting 

balance 

sheets 

Corpora- 
tions not 
submitting 
balance 
sheets 

478, 857 

415,  654 

63,  203 

100,  585, 887 

96, 129,  815 

4,  456, 072 

22,  886, 173 

21,  244,  723 

1,  641,  450 

2,  543, 148 

2,  477,  962 

65, 186 

1,  517,  573 

1, 409,  666 

107,  907 

581, 185 

552,  623 

28,  562 

2,  676,  598 

2,  572,  718 

103, 880 

1,  207,  743 

1, 168,  490 

39,  253 

279,  628 

273, 161 

6,467 

444,  669 

440,  189 

4,480 

132,  722,  602 

126,  269,  346 

6,  453, 256 

78,  023, 107 

74,  363.  955 

3,  659, 152 

10,859,118 

10,  083,  243 

775, 875 

2,  712,  589 

2,  603.  692 

108. 897 

1,  529,  991 

1,451,196 

78,  794 

901,433 

866, 131 

35,  302 

3, 080,  723 

2,931,469 

149,  254 

2,  957, 986 

2.807,111 

150,  875 

29, 968 

28,  741 

1,227 

3,  286, 426 

3, 147.  731 

138,  695 

437, 028 

402,  598 

34,  431 

142, 432 

123,  474 

18, 958 

20, 990,  915 

19.  841.  900 

1,149,014 

124,951,715 

118.651.242 

6,  300.  474 

7,  770, 887 

7,  618.  104 

152,  782 

7,  326,  218 

7.  177.  915 

148,  302 

1,  024,  793 

982.  940 

41,  852 

144,  972 

141.  154 

3,818 

21,613 

20.  546 

1,066 

1, 191.  378 

1.144,641 

46,  737 

6,  579,  509 

6,  473,  464 

106,  045 

7,  379,  333 

7, 162,  623 

216,  709 

344,  972 

343,  057 

1,915 

Number  of  returns - 

Receipts,  taxable  income: 

Gross  sales  ' 

Gross  receipts  from  operations  2 

Interest 

Rents 

Net  capital  gain 

Dividends  from  domestic  corporations  ^ 

Other  receipts 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  * 

Wholly  tax-exempt » 

Total  compiled  receipts  « 

Deductions: 

Cost  of  goods  sold  ' 

Cost  of  operations  ' 

Compensation  of  officers  ' 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and  excess-profits  taxes 

Contributions  or  gifts  'i 

Depreciation , 

Depletion 

Net  capital  loss  '^ 

Other  deductions 


Total  compiled  deductions  '3. 


Compiled  net  profit 
Net  income  >* 


Normal  tax  is. 

Surtax  on  undistributed  profits. 
Excess-profits  tax 

Total  tax 


Compiled  net  profit  less  total  tax. 

Cash  dividends  paid 

Stock  dividends  paid 


'  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." 

3  See  footnote  2,  p.  20. 

*  Includes  United  States  savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  over  $5,000, 
and  obligations  of  instrumentalities  of  the  United  States  (other  than  those  issued  under  Federal  Farm  Loan 
Act  or  such  act  as  amended)  reported  as  item  8,  p.  2  of  return. 

» Includes  obligations  of  States  and  Territories  or  political  subdivisions  thereof,  securities  issued  under 
Federal  Farm  Loan  act,  or  such  Act  as  amended,  obligations  of  the  United  States  issued  on  or  before  Sept. 
1,  1917,  Treasury  notes.  Treasury  bills.  Treasury  certificates  of  indebtedness,  and  United  States  savings 
bonds  and  Treasury  bonds  owned  in  principal  amount  of  $5,000  or  less. 

0  Excludes  nontaxable  income  other  than  interest  on  tax-exempt  obligations  reported  in  schedule  M  of  the 
return.  Unlike  former  years,  "dividends  received  from  domestic  corporations"  are  included  in  taxable- 
income  instead  of  in  tax-exempt  income. 

'  Includes  taxes  which  are  reported  in  "cost  of  goods  sold."     For  method  of  tabulation,  see  p.  23. 

8  Includes  taxes  which  are  reported  in  "cost  of  operations."     For  method  of  tabulation,  see  p.  23. 

'  Excludes  compensation  of  officers  of  life  insurance  companies  which  file  Form  1120L. 

i"  Excludes  taxes  tabulated  under  "cost  of  goods  sold"  and  "cost  of  operations." 

"  Limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts  on  returns  with  vear  ended 
Dec.  31,  1936,  and  thereafter. 

'2  For  limitation  on  amount  of  net  capital  loss  that  may  be  allowed,  see  section  of  this  report  entitled 
"Revenue  Acts  of  1913-36  and  Certain  Tax  Provisions  of  the  National  Industrial  Recovery  Act  (1933); 
also  the  special  excise  tax  tmder  Act  of  .\ug.  5,  1909,"  p.  199,  footnote  5i'd). 

'3  Unlike  former  years,  compiled  de  luctions  and  compiled  net  profit  are  affected  by  the  inclusion  in  deduc- 
tions of  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts) 
on  returns  with  year  ended  Dec.  31,  1936,  and  thereafter. 

'<  The  amount  of  "net  income"  represents  the  net  income  for  excess-profits  fax  computation  (item  27,  p.  2 
of  return),  which,  unlike  former  years,  includes  dividends  received  on  stock  of  domestic  corporations  subject 
to  taxation  under  Title  I  of  the  effective  revenue  acts  <item  12(a),  p.  2  of  return)  and  interest  received  on 
certain  Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes 
contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts).  Net 
income  in  this  table  is  less  than  compiled  net  profit  by  the  amount  of  wholly  tax-exempt  interest  received 
on  Government  obligations. 

"  See  footnote  4,  p.  10. 


STATISTICS    OF    INCOME 


25 


ASSETS    AND    LIABILITIES 

In  the  first  and  second  following  tables  are  shown  respectively:  (1) 
a  summary  statement  of  the  principal  assets  and  liabilities  as  of 
December  31,  1936,  or  the  close  of  the  fiscal  year  nearest  thereto  for 
415,654  out  of  478,857  returns  of  active  corporations  and  (2)  the  num- 
ber of  returns  and  the  number  of  balance  sheets  tabulated,  by  net 
income  and  deficit  classes.  The  difference  between  the  number  of 
returns  and  the  number  of  balance  sheets  tabulated  represents  returns 
of  corporations  which  did  not  submit  balance  sheets,  or  for  which  bal- 
ance sheet  data  were  fragmentary.  In  basic  table  4,  pages  82-91,  the 
principal  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  deductions, 
see  pages  22-23. 

In  connection  with  the  data  in  the  two  following  tables  attention  is 
called  to  the  fact  that  the  classifications  of  the  returns  with  net  income 
and  with  no  net  income  for  1936  are  not  strictly  comparable  with 
similar  classifications  for  prior  years.  The  major  changes  contained 
in  the  provisions  of  the  Revenue  Act  of  1936,  affecting  the  tabulated 
data  for  corporations,  are  described  in  the  section  of  this  report  entitled 
"Revenue  acts  under  which  returns  are  filed,"  pages  2-3,  and  are 
summarized  in  the  section  of  tliis  report  entitled  "Revenue  Acts  of 
1913-1936  and  certain  tax  provisions  of  the  National  Industrial 
Recovery  Act  (1933);  also  the  special  excise  tax  under  the  act  of 
August  5,  1909,"  pages  195-200. 


Corporations  submitting  balance  sheets,  1936:  number  of  returns,^  assets  and  liabilities 
as  of  Dec.  31,  1936,  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] 


Aggregate 

Returns  with 
net  income  2 

Returns  with 
no  net  income' 

Number  of  returns  with  balance  sheets       ..    - 

415,  654 

188. 553 

227. 101 

Assets: 

Cash  (in  till  and  deposits  in  banks)  .  .  - 

26, 101,  840 
40,  219, 149 
16, 583, 678 

24, 312, 709 
86,  207,  700 

97, 873, 098 
11,881,549 

19, 723, 044 
30, 012, 468 
13, 559, 651 

15.  809, 862 
56, 122, 795 

57, 498, 365 
6,  869, 496 

6,  378,  796 

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

Tax-exempt  investments— Obligations  of  States  and  Terri- 
tories or  political  subdivisions  thereof,  obligations  of  in- 
strumentalities of  the  United  States,  and  obligations  of 
the  United  States  or  its  possessions     ..- 

10,  206, 691 
3, 024, 027 

8,  502, 847 

Investments,  other  than  tax-exempt— Stocks,  bonds,  mort- 
gages, loans,  real  estate,  etc 

Capitalassets— Land,  buildings,  equipment,  etc.,  including 
dep'etable  assets  (less  reserves  for  depreciation  and  de- 
pletion) .  _ 

30,084,905 
40, 374,  734 

Other  assets 

5,012,053 

Total  assets' .                         .... 

303, 179, 724 

199,  595, 670 

103, 584, 053 



For  footnotes,  see  p.  26. 


26 


STATISTICS    OF   INCOME 


Corporations  submitting  balance  sheets,  1936:  number  of  returns,^  assets  and  liabilities^ 
as  of  Dec.  81,  1936,  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] 


Aggregate 

Returns  with 
net  income  2 

Returns  with 
no  net  income'' 

Liabilities; 

25,  579. 995 
47, 022,  686 
97. 109. 483 

15, 285, 450 
23, 024, 198 
55,  733, 769 

10,  294,  545 

23.  998. 488 

41.  375,  713 

Capital  stonk: 

18.  590,  569 
78,071,619 

13, 159,  784 

55, 827, 671 

5, 430,  786. 

22,243,948 

Total  capital  stock                               .    ..  .  

96,  662, 188 

68, 987,  455 

27,  674,  733. 

48.042,830 
11,237,458 

38,  526.  216 
1,961,418 

9.  516.  614 

9,  276,  040'' 

36, 805, 372 

36, 564,  799 

240, 57* 

303, 179,  724 

199, 595, 670 

103, 584, 05» 

'  Excludes  returns  for  inactive  corporations  and  returns  with  fragmentary  balance  sheet  data. 

2  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  is  based  on  the  net 
income  for  income  tax  computation  (item  29,  p.  2  of  the  return).  Unlike  former  years,  net  income  for 
income  tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxatiort 
under  Title  I  of  the  eflective  revenue  acts  (item  12(a) ,  p.  2  of  return)  and  interest  received  on  certain  Govern^ 
ment  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  contributions 
or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess- profits  tax 
(item  28,  p.  2  of  return). 

'  "Total  assets"  means  the  sum  of  the  asset  items  or  the  sum  of  the  liability  items  reported  on  the  bal- 
ance sheet  of  the  return  less  any  deficit. 

Corporations,  1936,  by  net  income  and  deficit  classes:  number  of  returns  and  number 
of  balance  sheets,  for  returns  with  net  income  and  with  no  net  income 


Returns  with  net  income  ' 

Returns  with  no  net  income  ' 

Net  income  and  deficit  classes ' 
(thousands  of  dollars) 

Number  of 
returns 

Number  of 
balance 
sheets 

Percent  of 
balance 

sheets  to 
returns 

Number  of 
returns 

Number  of 
balance 

sheets 

Percent  o  i 
balance 

sheets  to 
returns 

Under  1 

74, 728 

24,  526 

14,  767 

10,  320 

7,864 

21,438 

10, 939 

6,302 

4,447 

10,  959 

7,046 

5,233 

2,107 

1,197 

1,068 

230 

65, 993 

22, 941 

14,  001 

9,844 

7,548 

20,  603 

10,  657 

6,091 

4,299 

10, 584 

6,766 

4,976 

1,994 

1,138 

994 

225 

88.31 
93.54 
94.81 
95.39 
95.98 
96.11 
96.51 
96.65 
96.67 
96.58 
96.01 
96.09 
94.64 
95.08 
93.96 
97.83 

158,  701 

36,  657 

19,  342 

11, 634 

7,857 

18,064 

7,073 

3,781 

2,392 

6,021 

2,615 

1,613 

500 

232 

186 

28 

125,712 

30, 866 

16,  486 

10, 148 

6, 864 

16,029 

6,376 

3,399 

2, 138 

4.494 

2.320 

1,412 

451 

209 

172 

25 

79.2]i 

1-2 - 

84.  20' 

2-3  ..- 

85.  23; 

3-4 

87.23 

4-5 

87.  36 

5-10 

88.73 

10-15.... 

90.15 

15-20 

89. 90' 

20-25      

89.38 

25-50 

89.  50 

50-100    

88.72- 

100-250 

87.54 

250-500 

90.  20' 

500-1,000 

90.09 

1,000-5,000 

92.  4r 

5,000  and  over 

89.29 

Total 

203, 161 

188, 653 

92.81 

275, 696 
51,922 

227, 101 

82.  3r 

Number  of  returns  of  inactive 
corporations 

See  footnote  1,  p.  20. 


STATISTICS    OF   INCOME  27 

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;  machinery  and  equipment  leased  to  others;  sinking  funds;. 
other  funds;  deferred  charges;  organization  expenses;  prepaid  and 
suspense  items;  interest,  discount,  coupons,  and  dividends  receivable; 
guaranty  deposits,  and  deposits  on  contracts,  meters,  and  leaseholds; 
cash  value  of  life  insurance.  Other  assets  of  life  insurance  companies 
include  market  value  of  real  estate  and  bonds  in  excess  of  book  value; 
interest,  rents,  and  premiums  due;  and  agents'  balances. 

Other  liabilities. — Deferred  and  suspense  items;  funds  held  in  trust; 
borrowed  securities;  outstanding  coupons  and  certificates;  overdrafts; 
and  all  reserves  except  reserves  for  bad  debts,  depreciation,  and 
depletion.  Other  liabilities  of  Ufe  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,  and  other  liabihties  of  building 
and  loan  associations  include  certificates. 

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  cor- 
porations other  than  life  insurance;  for  1930  and  subsequent  years, 
they  are  segregated  for  all  corporations.  Over  a  period  of  years  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  "common 
stock."  For  balance  sheets  with  no  par  stock  and  not  showing  capital 
stock  value,  the  net  worth  is  tabulated  under  "surplus  and  undivided 
profits." 

The  following  table  presents,  by  major  industrial  groups,  the  gross 
capital  assets,  reserves  for  depreciation  (except  on  land)  and  depletion^ 
and  net  capital  assets.  Gross  capital  assets  include  (1)  depreciable 
and  depletable  assets  (buildings,  machinery  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  miUions  of  dollars. 


28 


STATISTICS    OF    INCOME 


Corporations  suhmitting  balance  sheets,  1936,  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] 


Industrial  groups 


Gross 
capital 
assets  2 


Reserve 

for 
deprecia- 
tion and 
depletion 

(except 
on  land) 


Net 
capital 
assets  3 


Returns  with  net  income  ' 


Gross 
capital 
assets  2 


Reserves 

for 
.'eprecia- 
tion  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 

Textile  mill  products 

Clothing  and  apparel 

Leather  and  its  manufactures 

Rubber  products 

Forest  products 

Paper,  pulp,  and  products -. 

Printing,  publishing,  and  allied  in- 
dustries   

Chemicals  and  allied  products 

Petroleum    and    other    mineral    oil 

products 

Stone,  clay,  and  glass  products 

Metal  and  its  products 

Motor  vehicles,  complete  or  parts 

Manufacturing  not  elsewhere  classi- 
fied  ._. 

Total  manufacturing. _ _ 

Construction 

Transportation  and  other  public  utilities. 

Trade 

Service— Professional,  amusements,  hotels, 
etc 

Finance— Banking,  insurance,  real  estate, 
holding  companies,  stock  and  bond 
brokers,  etc 

Nature  of  business  not  given 

Grand  total 


1,560 


3,592 

711 

158 

2,999 

220 

292 

451 

1,687 

1,725 

1,222 
2,387 

6,801 

1,660 

10, 608 

1,718 

767 


36, 999 


855 

55, 775 

5,610 

10, 176 


11,845 
30 


132, 697 


346 


1,214 
5,850 


787 
5, 563 


232 
2,500 


1,429 

186 

76 

1,445 

92 

135 

217 

596 

736 

544 
1,017 

3,397 

686 

4, 637 


2,163 

525 
82 

1,553 
129 
157 
234 

1,091 
990 

678 
1,370 

3,404 
975 

5,971 
929 

439 


2.900 

563 
148 

2,196 
178 
227 
381 
993 

1,345 

956 
2,157 

5,603 
1,289 
7,847 
1,613 


16,  309 


361 

8,102 
1,995 


1,607 
15 


493 

47,  673 

3,615 


10,  238 
15 


97, 873 


453 
34, 069 
4,197 

3,004 


5,112 
19 


1,159 

154 

71 

1,064 

74 

106 

185 

357 

569 

410 
931 

2,814 
547 

3,429 
736 

245 


12,  854 


206 
5,726 
1,517 

812 


832 
12 


82, 190    24, 692 


555 
3,063 


1,740 

408 
77 
1,131 
104 
121 
196 
636 
775 

546 
1,226 

2,789 
742 

4,417 
878 

344 


16, 132 


247 

28,  342 

2,681 


4,280 
7 


57, 498 


STATISTICS    OF    INCOME 


29 


•Corporations  submitting  balance  sheets,  1936,  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  2 


Reserves 

for 
deprecia- 
tion and 
depletion 
(except 
on  land) 


Net 
capital 
assets  •■ 


Agriculture  and  related  industries  . 
Mining  and  quarrying 


773 
4,284 


114 
1,497 


659 

2,787 


Manufacturing: 

Food  and  kindred  products 

Liquors  and  beverages  (alcoholic  and  nonalcoholic) . 

Tobacco  products 

Textile  mill  products - - 

Clothing  and  apparel 

Leather  and  its  manufactures. 

Rubber  products.  - 

Forest  products 

Paper,  pulp,  and  products .. 

Printing,  publishing,  and  allied  industries 

Chemicals  and  allied  products 

Petroleum  and  other  mineral  oil  products 

Stone,  clav,  and  ilass  products. 

Metal  and  its  products 

Motor  vehicles,  complete  or  parts 

Manufacturing  not  elsewhere  classified 


Total  manufacturin?. 


•Con^jtruction 

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. 


692 

149 

10 

803 

42 

65 

69 

694 

381 

266 

229 

1,199 

372 

2,762 

105 

178 


8,014 


269 

32 

6 

381 

17 

29 

32 

239 

166 

134 

86 

583 

139 

1,208 

53 

83 


3, 45P 


401 

21, 706 

1,412 

7,172 

6,733 
11 


155 
2,  376 

478 
1,279 

775 
3 


10, 133 


423 

117 

5 

422 

25 

36 

38 

455 

215 

132 

144 

616 

233 

1,554 

52 

94 


4,559 


247 

19,330 

934 

5,893 

5,958 
8 


40, 376 


1  See  footnote  2,  p.  26.  . 

2  Includes  (1)  depreciable  and  depletable  assets  (buildings,  machinery  and  equipment,  furniture  and 
fixtures,  delivery  equipment,  and  natural  resources)  and  (2)  land. 

3  Net  capital  assets  are  also  tabulated  in  text  table  on  p.  25  and  in  basic  tables  4,  5,  and  6. 


114338—39- 


30  STATISTICS   OF   INCOME 

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,  1936,  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. 

These  data  are  compiled  from  415,654  returns  filed  by  corporations 
that  submitted  balance  sheets.  The  difference  between  this  number 
and  478,857  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  corpora- 
tion data  by  size  of  total  assets,  attention  is  directed  to  the  fact  that 
the  balance  sheet  form  Schedule  L  of  the  corporation  income  tax 
return  (facsimile  on  p.  204)  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.  The  "total  assets"  classi- 
fication is  based  on  the  net  amount  of  the  assets  remaining  after 
deducting  deficit,  if  any,  from  the  sum  of  the  asset  items  or  the  sum 
of  the  liability  items  reported  on  the  balance  sheet  of  the  return.  For 
a  descriptive  statement  of  assets  and  liabilities,  see  pages  25,  27,  and 
of  compiled  receipts  and  compiled  deductions,  see  pages  22-23. 

In  connection  with  the  data  in  the  following  table  attention  is 
called  to  the  fact  that  the  net  income  or  deficit  and  the  classifications 
of  the  returns  with  net  income  and  with  no  net  income  are  not  strictly 
comparable  with  similar  items  and  classifications  for  prior  years. 
The  major  changes  contained  in  the  provisions  of  the  Revenue  Act  of 
1936,  affecting  the  tabulated  data  for  corporations,  are  described  in 
the  section  of  this  report  entitled  "Revenue  acts  under  which  returns 
are  filed,"  pages  2-3,  and  are  summarized  in  the  section  of  this  report 
entitled  "Revenue  Acts  of  1913-1936  and  certain  tax  provisions  of  the 
National  Industrial  Recovery  Act  (1933);  also  the  special  excise  tax 
under  the  Act  of  August  5,  1909,"  pages  195-200. 


STATISTICS    OF    INCOME 


31 


Corporations  submitting  balance  sheets,  1936,  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  withjio 
net  income 

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


Total  assets  classes ' 


Number  of 
returns 


Total  as- 
sets '—Total 
liabilities 


Total  com- 
piled re- 
ceipts ' 


Compiled 
net  profit 
or  net  loss  ^ 


Net  income, 
or  deficit  *  ' 


Under  50 

50-100 

100-2.=i0 

250-500 

500-1,000 -.-. 

1,000-5,000 

5,000-10,000 

10,000-50,000 

50,00n-100,000___. 
100,000  and  over. 

Total 


227,313 

59,  528 

58,  442 

28,  342 

17,941 

IS,  277 

2,719 

2,311 

355 

396 


415,  654 


4, 150, 832 

4,  232, 836 

9,  229,  477 

e,  995,  007 

12,  559, 815 

37.  955,  254 

18,  967.  065 

47.  405, 401 

24,  294, 906 

134, 389, 129 


303, 179, 724 


10, 325,  373 
7, 155,  528 

II  394,  375 
9,  184,  784 
9,  213.  £01 

20. 544. 945 
8,  352.  226 

17,  174,  485 
7.  201,  084 

25,  723,  048 


126,  269, 346 


5  101,447 
56,366 
225,  413 
282,  625 
364,  053 
1. 167,  033 
604,  589 

1,  527,  951 
775, 486 

2,  716, 037 


7, 618, 104 


Returns  with  net  income  * 


Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000. 

5,000-10,000 

10,000-50,000-.-. 
50,000-100,000--- 
100,000  and  over 

Total 


Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000-50,000-.- 
50,000-100,000--. 
100,000  and  over 

Total 


81.716 

30.  275 

32.  519 

16,  937 

11,260 

11,835 

1,833 

1,617 

268 

293 


188,  553 


1,  768, 964 

2.  163,  697 
5. 169. 539 
6, 002,  520 
7,  896, 956 

24,  713, 140 
12, 802,  744 
33,  569, 961 
18,  278,  983 
87,  229, 166 


199,  595, 670 


5, 433, 082 
5,014,535 
8,  734,  542 
7,  406, 932 
7,  620,  435 

17,  252,  342 
7. 086,  804 

14.  648, 050 
6,  454, 123 

20,  702,  475 


100,  353,  320 


154,511 
160,  726 
384. 040 
411  207 
512,  677 

1,  491.  072 
725.  531 

1,  798, 840 
864, 391 

2, 844,  762 


9, 347,  758 


Returns  with  no  net  income  * 


145,  627 

29.  253 

25.  923 

11.405 

6.681 

6,442 

886 

694 

87 

103 


381,  869 
069,  139 
059.  938 
992.  487 
662,  859 
242,115 
164.321 
835, 441 
015, 923 
159, 963 


103,  584, 053 


4, 892.  291 
2, 140.  994 

2.  659. 830 
1,  777.  852 
1.  593.  066 

3,  292,  603 

1,  265, 422 

2.  526. 435 
746. 960 

5, 020, 573 


25,  916, 026 


5  255,  958 
5  104.  360 
5  158,  628 
«  128.  582 
5  148,  624 
5  324.  040 
»  120, 942 
5  270.  889 
5  88, 906 
»  128,  725 


i  1,  729,  663 


5  101, 990. 

55,  821- 

223,  695 

275,  836" 

351,514 

1,118, 078. 
5S0, 306 

1,464,017 
747.  684 

2,  462, 955 


7, 177, 915 


154. 148 
ICO,  216 
382,818 
406,918 
504.  255 
1.  459, 059 
709,  831 

1,  760,  239 
841,  743 

2,  722,  716 


9, 101, 973 


5  256, 138 
5  104,  395 
5  1.59.  153 
5  131,082 
»  152,  742 
»  340,  982 
«  129,  525 
»  296.  222 
5  94,  059 
5  259,  761 


1, 924, 058 


'  See  footnote  3,  p.  26. 

»  See  footnote  6,  p.  24. 

'  Compiled  net  profit  or  loss  is  the  difference  between  total  compiled  receipts  and  total  compiled  de- 
ductions. 

<  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  is  based  on  the  net 
income  for  income  tax  computation  (item  29,  p.  2  of  the  return) .  Unlike  former  years,  net  income  for  income 
tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  ta.xation  under 
Title  1  of  the  etTective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain  Government 
obligations,  which  is  subject  to  excess-profits  tax  (item  8.  p.  2  of  return),  and  excludes  contributions  or  gifts 
(limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess-profits  tax  (item  28, 
p.  2  of  return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income  for  excess-profits  tax 
computation  (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above-mentioned  dividends 
received  and  interest  received  on  certain  Government  obligations,  and  excludes  the  above-mentioned 
contributions  or  gifts.  The  amount  of  "net  income"  or  "deficit"  in  the  table  equals  the  difference  between 
"total  income"  and  "total  deductions"  (items  14  and  26,  respectively,  p.  2  of  return) 

•  Compiled  net  loss  or  deficit. 


32  STATISTICS   OF   INCOME 

CONSOLIDATED    RETURNS    OF    RAILROADS 

Under  the  Revenue  Acts  of  1934  and  1936,  steam  and  electric  rail- 
road corporations  are  permitted  to  file  consolidated  returns  for  income 
tax  purposes.  According  to  the  provisions  of  the  Revenue  Act  of  1934 
the  income  tax  rate  for  consolidated  returns  is  15%  percent,  but 
according  to  the  provisions  of  the  Revenue  Act  of  1936,  for  returns 
with  year  ended  December  31,  1936,  and  thereafter,  the  rate  is 
changed  to  the  graduated  normal  tax  and  surtax  on  undistributed 
profits,  corresponding  to  tax  rates  for  corporations  not  filing  con- 
solidated returns.  The  Revenue  Act  of  1936  extends  the  privilege  of 
filing  consolidated  returns  to  street,  suburban,  and  interurban  electric 
railways. 

According  to  section  141  (d)  of  the  Revenue  Act  of  1936,  an  affiliated 
group,  which  has  the  privilege  of  filing  a  consolidated  return,  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  cor- 
poration) 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  principal 
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,  street,  suburban,  and  intenu'ban 
electric  railways,  but  excludes  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. 

The  number  of  consolidated  returns  for  1936  is  98,  of  which  35 
show  net  income  amounting  to  $114,616,836,  while  63  show  a  deficit 
of  $159,123,317.  In  the  first  following  table  there  appears,  for  the 
98  consolidated  returns,  a  summary  of  compiled  receipts  and  compiled 
deductions,  compiled  net  profi.t  or  net  loss,  net  income  or  deficit, 
normal  tax,  siu'tax  on  imdistributed  profits,  total  tax,  compiled  net 
profit  less  total  tax,  and  dividends  paid,  for  the  returns  with  net  in- 
come and  with  no  net  income.  Items  of  assets  and  liabilities  are 
shown  in  the  second  following  table  for  the  95  consolidated  returns 
with  balance  sheets.  For  descriptive  statements  of  compiled  receipts, 
compiled  deductions,  assets  and  liabilities,  see  pages  22-27. 

In  connection  with  the  data  in  the  two  following  tables  attention  is 
called  to  the  fact  that  the  items  contributions  or  gifts,  compiled 
deductions,  compiled  net  profit  or  loss,  net  income  or  deficit  and  tax 
and  the  classifications  of  the  returns  with  net  income  and  with  no  net 
income  for  1936  are  not  strictly  comparable  with  similar  items  and 
classifications  for  prior  years.  The  major  changes  contained  in  the 
provisions  of  the  Revenue  Act  of  1936,  affecting  the  tabulated  data  for 
corporations,  are  described  in  the  section  of  this  report  entitled 
"Revenue  Acts  imder  which  returns  are  filed,"  pages  2-3,  and  are 
summarized  in  the  section  of  this  report  entitled  "Revenue  Acts  of 
1913-1936  and  certain  tax  provisions  of  the  National  Industrial  Re- 


STATISTICS    OF   INCOME 


33 


coverv  Act  (1933);  also  the  special  excise  tax  under  the  Act  of  August 
5,  1909/'  pages  195-200. 

The  consolidated  returns  of  railroads,  which  are  all  calendar  year 
returns,  are  included  in  the  text  tables  (except  those  for  fiscal  year 
and  part-year  returns)  and  in  all  the  basic  tables  in  this  report. 


Consolidated  returns  of  railroad  corporations,  1936:  number  of  returns,  compiled 
receipts  and  compiled  deductions,  compiled  net  profit  or  net  loss,  net  income  or 
deficit,  normal  tax,  surtax  on  undistrihuted  profits,  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] 


Number  of  returns- 


Receipts,  taxable  income: 

Gross  sales  2 

Gross  receipts  from  operations  ^ 

Interest 

Rents 

Net  capital  gain 

Dividends  from  domestic  corporations  *- 
Other  receipts 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  « 

Wholly  tax-exempt  ^ 


Total  compiled  receipts ' 


Deductions: 

Cost  of  goods  sold  « 

Cost  of  operations  ' 

Compensation  of  officers 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and  excess-profits  taxes  ' 

Contributions  or  gifts  " 

Depreciation 

Depletion..- - -. 

Net  capital  loss  '^ 

Other  deductions 


Total  compiled  deductions  '3. 


Compiled  net  profit  or  net  loss  ". 
Net  income  or  deficit ' 


Normal  tax 

Surtax  on  undistributed  proflts- 
Excess-profits  tax 


Total  tax- 


Compiled  net  profit  less  total  tax. 

Cash  dividends  paid 

Stock  dividends  paid 


Aggregate 


3, 520, 346 
38, 471 
17,  738 

1,205 
62, 494 

8,181 


2,179 
806 


3,  651, 420 


,  425,  544 

5,157 

6,449 

2,893 

459,  757 

230,  705 

125 

56, 000 

145 

2,127 

506,  219 


3,  695, 121 


I*  43,  701 
i<  44,  506 


12, 084 
1,677 


13, 761 


'5  57, 462 
96, 903 


Returns 
with  net 
income  ' 


1, 505, 337 

23,676 

5,965 

448 

44,  832 

3,146 


2,052 
703 


1, 586, 159 


975,  899 

2,006 

2,206 

403 

159,  450 

96,  780 

112 

22, 802 

77 

11 

211,095 


1, 470, 839 


115, 320 
114,617 


12,084 
1,677 


13, 761 


101,  558 
90, 158 


Returns 

with  no  net 

income  ' 


63 


2, 015,  009 
14,  795 
11,773 
758 
17,662 
5,035 


127 
103 


2, 065,  261 


1,  449,  646 

3,151 

4,243 

2,490 

300, 307 

133, 926 

13 

33, 198 

68 

2,116 

295, 125 


2,  224,  282 


i«  159, 020 
»  159, 123 


IS  159, 020 
6,746 


1  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  Income"  is  based  on  the 
net  income  for  income  tax  computation  (item  29,  p.  2  of  the  return).  Unlike  former  years,  net  income  for 
income  tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxa- 
tion under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain 
Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  con- 
tributions or  gifts'dimited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess- 
profits  tax  (item  28,  p.  2  of  return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income 
for  excess-profits  tax  computation  (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above- 
mentioned  dividends  received  and  interest  received  on  certain  Government  obligations,  and  excludes  the 
above-mentioned  contributions  or  gifts.  Net  income  is  less  than  compiled  net  profit  and  deficit  is  greater 
than  compiled  net  loss  by  the  amount  of  wholly  tax-exempt  interest  received  on  Government  obligations. 

2  See  footnote  1  p.  24.  '  See  footnote  8,  p.  24. 

3  See  footnote  2,  p.  24.  '"  See  footnote  10,  p.  24. 

*  See  footnote  3,  p.  24.  "  See  footnote  11,  p,  24. 
»  See  footnote  4,  p.  24.  '^  See  footnote  12,  p.  24. 
«  See  footnote  5,  p.  24.  "  See  footnote  13,  p.  24. 

'  See  footnote  6,  p.  24.  '*  Compiled  net  loss  or  deficit. 

•  See  footnote  7,  p.  24.  "  Compiled  net  loss  plus  total  tax. 


34 


STATISTICS    OF    INCOME 


Consolidated  returns  of  railroad  corporations  submitting  balance  sheets,  19S6:  num- 
ber of  returns,  assets  and  liabilities  as  of  December  SI,  1936,  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      ..    ..      .        

95 

34 

61 

Assets: ' 

Cash  (in  till  and  deposits  in  banks)     ..    . 

361,384 
205, 954 
218,907 

1,523 

2,354,943 

16,  277, 319 
571,070 

149,  334 
49,  393 
77,  754 

1,342 

702, 395 

5,  221, 324 
102, 225 

212,  050 

Notes  and  accounts  receivable  (less  reserve  for  bad  debts) 

156,  561 
141, 154 

Tax-exempt  investments— Obligations  of  States  and  Territories 
or  political  subdivisions  thereof,  obligations  of  instrumentali- 
ties of  the  United  States,  and  obligations  of  the  United  States 
and  its  possessions. 

182 

Investments  other  than  tax-exempt— Stocks,  bonds,  mortgages, 
loans,  real  estate,  etc.  .           --    -      -. .. 

1, 652, 548 

Capital  assets— Land,  buildings,  equipment,  etc.,  including  de- 
pletable  assets  (less  reserves  for  depreciation  and  depletion)... 
Other  assets      -                                                       ... 

11,055,995 
468,  845 

Total  assets  '.   

19, 991, 101 

6,303,767 

13, 687, 334 

Liabilities: » 

Notes  and  accounts  payable 

1,135,246 
9,026,324 
1,  588, 476 

94, 220 

2,285,476 

277.412 

1,041,026 

Bonded  debt  and  mortgages 

6,  740, 848 

Other  liabilities                               ... 

1,311,063 

Capital  stock: 

Preferred 

893, 054 
5, 103,  258 

299,  891 
1,  736,  609 

593, 161 

Common 

3,  366,  649 

Total  capital  stock 

5,996,312 

2. 036,  500 

3, 959, 811 

Surplus  and  undivided  profits 

2, 879,  248 
634, 504 

1,610,615 
457 

1,  268, 633 

Less  deficit ...         .      . 

634, 047 

Net  surplus 

2,  244,  744 

1,610,158 

634, 585 

Totalliabilities. 

19,991,101 

6,  303,  767 

13,  687,  334 

'  See  footnote  2,  p,  26. 
»  See  text,  pp.  26,  27. 
'  See  footnote  3,  p.  26. 


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  there 
were  no  fiscal  year  returns.  The  tabulations  include  all  fiscal  year 
returns  with  year  ended  in  the  period  July  1936  through  June  1937 
that  were  received  by  the  Statistical  Section  prior  to  the  final  tabula- 
tion of  the  Statistics  of  Income  data. 

Returns  with  a  fiscal  year  ended  in  the  period  July  through  Novem- 
ber 1936  have  income  tax  data  under  the  provisions  of  the  Revenue 
Act  of  1934  and  excess-profits  tax  data  under  the  provisions  of  the 
Revenue  Act  of  1935;  returns  with  a  fiscal  year  ended  in  the  period 
January  through  June  1937  have  data  relating  to  the  normal  tax  and 
to  the  surtax  on  undistributed  profits  under  the  provisions  of  the 
Revenue  Act  of  1936,  and  excess-profits  tax  data  under  the  provisions 
of  the  Revenue  Acts  of  1935  and  1936.  For  the  tabulation  of  the 
data  from  the  returns  with  a  fiscal  year  ended  in  the  period  July 
through  November  1936  the  gross  income,  deductions,  net  income,  and 


STATISTICS   OF   INCOME 


35 


deficit  have  been  arbitrarily  adjusted  to  conform  to  similar  items 
reported  on  the  returns  filed  under  the  Revenue  Act  of  1936,  but  the 
income  tax  and  excess-profits  tax  are  tabulated  as  reported. 

In  the  two  following  tables  data  are  shown  separately  for  the  fiscal 
year  returns  with  net  income  and  with  no  net  income.  In  the  first 
following  table  the  number  of  returns,  net  income  or  deficit,  and  taxes 
are  classified  by  the  month  in  which  the  fiscal  year  ended.  In  the 
second  following  table  the  number  of  returns,  net  income  or  deficit, 
and  taxes  are  classified  by  the  size  of  the  net  income  or  deficit.  This 
table  is  divided  into  three  parts,  namely.  Part  I,  All  fiscal  year 
returns ;  Part  II,  Returns  with  fiscal  year  ended  in  period  July  through 
November  1936;  and  Part  III,  Returns  with  fiscal  year  ended  in 
period  January  through  June  1937. 


Fiscal  year  returns  of  corporations,  1936,  by  month  in  which  fiscal  year  ended:  num- 
ber of  returns,  net  income  or  deficit,  income  tax  or  normal  tax,  surtax  on  xindistrib- 
uted  profits,  and  excess-profits  tax,  for  returns  with  net  income  and  with  no  net 
income 

[Money  figures  in  thousands  of  dollars] 


Fiscal  year  ended 


July  1936 

August  1936 

September  1936 
October  1936.. _. 
November  1936 
January  1937.  __ 
February  1937.. 

March  1937 

April  1937 

May  1937 

June  1937 

Total 


Total 
number 
of  returns 


5,126 
5,665 
6,217 
5,987 
5,652 
8,279 
5,207 
7,036 
6,486 
6,777 
13, 858 


76,  290 


Returns  with  net  income  ' 


Number 


2,158 
2,398 
2,512 
2,600 
3,027 
4,651 
2,284 
3,074 
2,856 
3,245 
6,945 


35,  750 


Net  in- 
come ' 


51, 

148, 

84, 

139, 

HI. 

229, 

120, 

82, 

67, 

83, 

254, 


1, 372,  631 


Income 
tax  or 

normal 
tax  2 


160, 157 


Surtax  on 
undis- 
tributed 
profits 


4,618 
960 
1,887 
2,038 
2,733 
6,110 


18, 346 


Excess 

profits 

tax  3 


106 
146 
96 
267 
282 
346 
400 
517 
486 
855 
2,146 


5,647 


Returns  with  no 
net  income  i 


Number 


2,968 
3,267 
3,705 
3,387 
2,625 
3,628 
2,923 
3,962 
3,630 
3,532 
6,913 


40, 540 


Deficit » 


17, 485 
18, 389 
31,040 
25, 341 
27, 857 
18,  041 
14, 131 
20, 615 
18,700 
17,  585 
46,  822 


256. 006 


1  The  classification  of  returns  "with  net  income"  and  "with  no  net  income"  is  based  on  the  amount  of 
net  income  for  income  tax  computation  (item  29,  p.  2  of  return).  Unlike  former  years,  net  income  for  in- 
come tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation 
under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain  Gov- 
ernment obligations,  which  is  subject  to  excess-profits  tax  (item  8.  p.  2  of  return),  and  excludes  contributions 
or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess-profits  tax 
(item  23,  p.  2  of  return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income  for  excess- 
profits  tax  computation  (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above-mentioned 
dividends  received  and  interest  received  on  certain  Government  obligations,  and  excludes  the  above- 
mentioned  contributions  or  gifts.  On  returns  for  a  year  ended  in  period  July  through  November  1936 
the  net  income  or  deficit  has  been  arbitrarily  adjusted  to  include  the  above-mentioned  dividends  received 
and  interest  received  on  certain  Government  obligations.  No  adjustment  was  made  for  the  amount  of  con- 
tributions or  gifts  which  was  not  required  to  be  reported  on  such  returns. 

2  Includes  the  following  amounts:  income  tax  of  $58,828,704  reported  on  returns  with  fiscal  year  ended  in 
period  July  through  November  1936;  graduated  normal  tax  of  $101,039,957,  and  flat  normal  tax  of  $287,847  for 
corporations  exempt  from  the  graduated  rates,  reported  on  returns  for  fiscal  year  ended  in  period  January 
through  June  1937. 

s  To  secure  the  "net  income  for  income  tax  computation"  according  to  the  provisions  of  the  Revenue  Act 
of  1936,  this  amount  of  excess-profits  tax  is  subtracted  from  "net  income  for  excess-profits  tax  computation." 


36 


STATISTICS    OF   INCOME 


Fiscal  year  returns  of  corporations,  1936,  by  net  income  and  deficit  classes:  number 
of  returns,  net  income  or  deficit,  income  tax  or  normal  tax,  surtax  on  undistributed 
profits  and  excess-profits  tax,  for  returns  in  the  aggregate,  for  returns  with  fiscal 
year  ended  in  periods  July  through  November  1936,  and  January  through  June 
1937,  and  for  returns  with  net  income  and  with  no  net  income 

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

PART  I.   ALL  FISCAL  YEAR  RETURNS 


Net  income  and  deficit  classes' 


Returns  with  net  income  i 


Number 


Net  in- 
come ' 


Income 
tax  or 
normal 

tax  2 


Surtax  on 
undis- 
tributed 
profits  3 


Excess- 
profits 
tax* 


Returns  with  no 
net  income  i 


Number 


Deficit  1 


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 

SOO-1,000 

1,000-5,000.... 
5,000  and  over 

Total-. , 


11,729 

4,239 

2,703 

1.  796 

1,396 

4,018 

2,120 

1,164 

891 

2,294 

1,505 

1,101 

417 

201 

155 

21 


4,328 

6,208 

6,701 

6,274 

6,290 

28, 863 

26,  •;30 

20, 335 

20, 107 

81,360 

105, 794 

171,578 

146,378 

139, 058 

317,679 

285, 450 


421 

601 

671 

654 

663 

3,164 

2, 916 

2,307 

2,310 

9,713 

13, 166 

21,666 

17, 944 

18, 523 

36, 990 

28, 447 


148 

186 

174 

149 

147 

633 

545 

410 

410 

1,421 

1,876 

2,923 

2,184 

2,375 

3,118 

1,647 


16 

35 

42 

43 

48 

232 

194 

173 

157 

588 

677 

854 

696 

858 

812 

221 


35,750   1.372,631   160,157 


18,  346 


5,647 


21, 684 

5,698 

3,052 

1,912 

1,255 

3, 066 

1,259 

612 

399 

833 

431 

233 

67 

22 

17 


40,  540 


7.056 

8,219 

7,494 

6,614 

5, 601 

21,494 

15, 356 

10, 635 

8,924 

29, 048 

30, 005 

34, 994 

23, 148 

15,  220 

32, 199 


256, 005 


PART  II.    RETURNS  WITH  FISCAL  YEAR  ENDED  IN  PERIOD  JULY  THROUGH 

NOVEMBER  1936 


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.-.. 

4,209 

1,435 

905 

618 

468 

1,414 

754 

415 

282 

841 

569 

437 

190 

79 

71 

8 

1,520 
2,107 
2, 232 
2,148 
2,095 
10,137 
9,  251 
7,230 
6,  325 
29,  705 
39,  794 
68. 574 
67. 253 
51, 793 
142, 218 
91,  556 

203 

282 

300 

285 

279 

1,  349 

1,  229 

960 

851 

3,852 

5, 161 

8,558 

7, 823 

6,660 

16, 146 

4,891 

4 

5 
6 
6 
10 

37 
35 
33 
24 
88 
88 
114 
115 
155 
155 
22 

8,143 

2,286 

1,260 

778 

503 

1,273 

530 

268 

177 

378 

187 

115 

32 

11 

11 

2,703 

1-2 

3,294 

2-3 - 

3,077 

3-4 

2,687 

4-5- 

2,246 

5-10 

8,981 

10-15. 

6,496 

15-20 

4,663 

20-25 

3,958 

25-50 . 

13,  280 

60-100 

13. 163 

100-2.50 

17.  200 

250-500 

11.110 

500-1,000 

7, 689 

1,000-5,000. 

19, 565 

5,000  and  over 

Total 

12,695 

533, 938 

58,829 

897 

15, 952 

120, 112 

For  footnotes,  see  p.  37. 


STATISTICS   OF   INCOME 


37 


Fiscal  year  retvrns  of  corporations,  1936,  by  net  income  and  deficit  classes:  number 
of  returns,  net  income  or  deficit,  income  tax  or  normal  tax,  surtax  on  undistributed 
profits  and  excess-profits  tax,  for  returns  in  the  aggregate,  for  returns  with  fiscal 
year  ended  in  periods  July  through  November  1936,  and  January  through  June 
1937,  and  for  returns  with  net  income  and  with  no  net  income — Continued 

[Net  income  and  deficit  classes  and  money  figures  in  thc.osands  of  dollars] 

PART  III.     RETURNS  WITH  FISCAL  YEAR  ENDED  IN  PERIOD  JANUARY  THROUGH 

JUNE  1937 


Net  income  and  deficit  classes ' 


Returns  with  net  income  ' 


Number 


Net  in- 
come ' 


Normal 
tax  ' 


Surtax  on 
undis- 
tributed 
profits 


Excess- 
profits 
tax* 


Returns  with  no 
income  • 


Number 


Deficit  > 


Under  1 

1-2 

2-3.. 

3-4.... 

4-5 

5-10- 

10-15 

l,')-20 

^0-25 

25-50 

50-100 

100-250 

250-500 

-500-1,000 

1,000-5,000 

5,000  and  over 

Total... 


7,5:0 

2,804 

1,798 

1,178 

928 

2,604 

1,306 

749 

609 

1, 4,53 

936 

664 

227 

122 

84 

13 


2,808 

4,101 

4,469 

4,126 

4,195 

18,  726 

16, 979 

13,105 

13, 782 

51,655 

65, 999 

103, 004 

79, 125 

87, 264 

175, 461 

193, 894 


219 

319 

371 

370 

384 

1,815 

1,688 

1,347 

1,458 

5,860 

8,005 

13, 108 

10,121 

11,863 

20, 844 

23,  556 


148 

186 

174 

149 

147 

633 

545 

410 

410 

1,421 

1,876 

2,923 

2,184 

2,375 

3,118 

1,647 


13 

30 

36 

38 

38 

195 

159 

140 

133 

500 

589 

740 

581 

703 

656 

199 


13, 541 

3,412 

1,792 

1,134 

752 

1,793 

729 

344 

222 

455 

244 

118 

35 

11 

6 


4,353 
4,925 
4,417 
3,927 
3,355 
12,512 
8,859 
5,972 
4,966 
15, 768 
16,841 
17, 795 
12, 038 
7,531 
12,634 


23,055       838,693        101,328 


18, 346 


4,750 


24, 588 


135, 893 


1  The  net  income  and  deficit  classes  and  the  classification  of  returns  into  those  "with  net  income"  and 
"with  no  net  income"  are  based  on  net  income  for  income  tax  computation  (item  29,  p.  2  of  return).  Un- 
like former  years,  net  income  for  income  tax  computation  includes  dividends  received  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and 
interest  received  on  certain  Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of 
return),  and  excludes  contributions  or  pifts  (limited  to  5  percent  of  net  income  before  deduction  of  con- 
tributions or  gifts)  and  excess-profits  tax  (item  28,  p.  2  of  return).  The  amount  of  "net  income"  or  "deficit" 
represents  the  net  income  for  excess-profits  tax  computation  (item  27,  p.  2  of  return),  which,  unlike  former 
years,  includes  the  above-mentioned  dividends  received  and  interest  received  on  certain  Government 
obliEations,  and  excludes  the  above-raeni  ioned  contributions  or  gifts.  On  returns  for  a  year  ended  in  period 
July  through  November,  1936,  the  net  income  or  deficit  has  been  arbitrarily  adjusted  to  include  the  above- 
mentioned  dividends  received  and  interest  received  on  certain  Government  obligations.  No  adjustment 
was  made  for  the  amount  of  contributions  or  gifts  which  was  not  required  to  be  reported  on  such  returns. 

'  See  footnote  2,  p.  35. 

'  Reported  on  returns  with  fiscal  year  ended  in  period  January  through  June  1937. 

*  See  footnote  3,  p.  35. 

'  Includes  graduated  normal  tax  of  $101,039,9.57,  and  flat  normal  tax  of  $287,847  for  corporations  exempt 
from  the  graduated  rates,  reported  on  returns  for  fiscal  year  ended  in  period  January  through  June  1937. 


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  j-ear  to  fiscal  year 
basis,  or  vice  versa.  These  returns  are  included  in  all  text  tables  (ex- 
cept those  for  consolidated  returns  and  for  fiscal  year  returns)  and  in 
all  basic  tables  in  this  report.  The  part  year  returns  tabulated  herein 
represent  those  in  which  the  greater  part  of  the  income  period  was  in 
1936. 


38  STATISTICS    OF    INCOME 

Part  year  returns  of  corporations,  19S6 

Total  number  of  returns 30,  299" 

Returns  with  net  income:  ^ 

Number 8,  906 

Net  income  i $273,  201,  692 

Normal  tax  2 $34,  324,  983 

Surtax  on  undistributed  profits $5,  146,  538 

Excess-profits  tax $554,  108 

Total  tax $40,  025,  629 

Returns  with  no  net  income:  ' 

Number 21,  393 

Deficit  1 $142,  727,  614 

'  See  footnote  4,  p.  31. 

s  Includes  income  tax  reported  on  part  year  returns  with  year  ended  prior  to  December  31, 1936.  and  grad- 
uated normal  tax  and  flat  normal  tax  (for  corporations  exempt  from  the  graduated  rates)  reported  on  part 
year  returns  with  year  ended  December  31,  1936,  and  thereafter. 

Returns  with  a  part  year  which  began  in  1935  have  income  tax 
data  under  the  provisions  of  the  Revenue  Act  of  1934  and  excess- 
profits  tax  data  under  the  Revenue  Act  of  1935;  returns  with  a  part 
year  which  began  in  1936  have  data  reLating  to  the  normal  tax  and 
to  the  surtax  on  undistributed  profits  under  the  provisions  of  the 
Revenue  Act  of  1936,  and  excess-profits  tax  data  under  the  provisions 
of  the  Revenue  Acts  of  1935  and  1936.  For  the  tabulation  of  the 
data  from  the  returns  with  a  part  year  which  began  in  1935  the  net 
income  and  deficit  have  been  arbitrarily  adjusted  to  conform  to 
similar  items  reported  on  the  returns  filed  under  the  Revenue  Act  of 
1936.  but  the  income  tax  and  excess-profits  tax  are  tabulated  as 
reported. 

FREQUENCY    DISTRIBUTION    OF    CORPORATION    RETURNS    BY    CERTAIN     BASIC 

CLASSIFICATIONS 

This  j^ear,  for  the  first  time,  a  series  of  tables  is  presented  showing 
the  frequency  distribution  of  the  corporation  income  and  excess- 
profits  tax  returns  by  certain  basic  classifications.  The  four  text 
tables  in  this  section  of  the  report  are  summary  tabulations,  the  data 
being  further  classified  by  major  industrial  groups  in  basic  tables  9-12. 

The  number  of  returns  represented  in  the  two  following  tables  and 
in  basic  tables  9  and  10,  for  returns  of  corporations  submitting  balance 
sheets  with  total  assets  of  $250,000  and  over,  vary  in  slight  degree 
from  the  total  number  of  returns  tabulated  for  the  general  tables 
throughout  this  report  (see  footnote  1,  p.  39).  The  first  following 
table  show^s  the  number  of  returns  by  total  receipts  classes,  cross  clas- 
sified by  total  assets  classes  and  by  returns  with  net  income  and  with 
no  net  income,  and  basic  table  9  presents  similar  data  for  each  major 
industrial  group.  The  second  following  table  shows  the  number  of 
returns  by  net  income  or  deficit  classes,  cross  classified  by  total 
receipts  classes  and  by  returns  with  net  income  and  with  no  net  income 
and  basic  table  10  presents  similar  data  for  each  major  industrial 
group. 

The  total  assets  classification  is  based  on  the  net  amount  of  the 
assets  remaining  after  deducting  deficit,  if  any,  from  the  sum  of  the 
asset  items  or  the  sum  of  the  liability  items  reported  on  the  balance 
sheet  of  the  return. 


STATISTICS   OF   INCOME 


39 


The  total  receipts  classes  are  based  on  either  gross  sales  (item  1, 
page  2  of  return),  or  gross  receipts  from  operations  (item  4,  page  2  of 
return),  or  the  sum  of  both  when  reported  on  the  return.  The  former 
item  is  reported  when  inventories  are  an  income-determining  factor 
and  the  latter  item  is  reported  when  inventories  are  not  an  income- 
determining  factor. 

Frequency  distribution  of  corporatiov  returns  ^  with  balance  sheets  showing  total 
assets  of  $250,000  and  over,  by  total  receipts  classes,  cross  classified  by  total  assets 
classes  and  by  returns  with  net  income  and  with  no  net  income  ^ 

[Total  receipts  classes  and  total  assets  classes  in  thousands  of  dollars] 


Total  assets  classes  ♦ 

Total  receipts  classes ' 

Aggregate 

250-500 

500- 

1,000 

1,000-5,000 

Net 
income 

No  net 
income 

Net 
income 

Nonet 
income 

Ket 
income 

Nonet 
income 

Net 
income 

Nonet 
income 

No  receipts.- .- 

6,712 
10, 877 
3,149 
4.834 
3,967 
2,851 
6.644 
2  469 
1,221 
1,042 

7,070 

9,547 

2.664 

2. 015 

1,112 

651 

1,346 

424 

196 

170 

2,  482 

4,019 

1,672 

3. 089 

2,346 

1,297 

1,653 

168 

23 

4 

3,210 

4,593 

1,092 

947 

449 

209 

263 

23 

6 

1,676 
2,978 

773 

966 
1,052 

986 
2.310 

398 
48 
8 

1.768 

2,552 

373 

442 

295 

207 

358 

54 

4 

1 

1, 952 

3,172 

542 

o52 

478 

485 

2,312 

1,473 

603 

138 

1,619 

Under  100                                      

2,045 

100-250                                        

795 

250-500 

531 

500-750 

289 

750-1,000                                   

184 

1,000-2,500                 .              

540 

2,500-5.000              .                  

188 

5,000-10,000                       .       .  _  

66 

10,000  and  over.. 

25 

Total 

43,  766 

25, 198 

16,  753 

10,  792 

11, 195 

6,354 

11,807 

6,282 

Total  assets  classes  < — Continued 

Total  receipts  classes  3 

5,000-10,000 

10,000-50,000 

50.000-100,000 

100,000  and  over 

Net 
income 

No  net 
income 

Net 

income 

No  net 
income 

Net 
income 

No  net 
income 

Net 
income 

No  net 
income 

289 

413 

46 

59 

53 

50 

220 

258 

273 

172 

223 
236 
39 
71 
61 
37 
97 
61 
46 
15 

221 

269 

80 

30 

22 

25 

130 

156 

240 

444 

196 
117 
56 
20 
15 
13 
80 
83 
57 
57 

38 
14 
27 
17 
7 
3 
3 

10 
23 
126 

19 

3 

8 

4 

1 

2 

1 

13 

13 

23 

54 
12 

9 
21 

9 

5 
16 

6 
11 
150 

35 

Under  100 

1 

100-250 

1 

250-500  

50(V750  - 

2 

7.50-1,000 

2 

1,000-2,500 

7 

2,500-5.000                                       

2 

6,000-10,000            

4 

10,000  and  over           

49 

Total - 

1,833 

886 

1,617 

694 

268 

87 

293 

103 

1  The  number  of  returns  with  total  assets  of  $250,000  and  under  $5,000,000  in  this  table  is  1,377  less  than  the 
total  number  of  such  returns  shown  in  basic  table  5,  pp.  92-9S.  Transcript  cards  containing  the  data  re- 
ported on  the  returns,  which  were  used  in  the  preparation  of  this  table,  were  not  available  for  277  returns 
with  net  income  and  1,100  returns  with  no  net  income. 

2  See  footnote  2,  p.  26. 

5  This  classification  is  based  on  either  gross  sales  where  inventories  are  an  income-determinmg  factor 
(item  1,  p.  2  of  return)  or  gross  receipts  from  operations  where  inventories  are  not  an  income-determining 
factor  (item  4,  p.  2  of  return),  or  the  sum  of  both  when  rei)orted  on  the  return. 

*  See  footnote  3,  p.  26. 

Note.— For  data  similar  to  those  in  this  table,  classified  bj  major  industrial  ^rcups,  see  basic  table  9, 
pp.  139-149. 


40 


STATISTICS   OF   INCOME 


Frequency  distribution  of  corporation  returns  ^  with  balance  sheets  showing  total 
assets  of  $250,000  and  over,  by  net  income  or  deficit  classes,  cross  classified  by 
total  receipts  classes  and  by  returns  with  net  income  and  with  no  net  income 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit  classes  ' 

Aggregate 

No  receipts 

Total  receipts  classes » 

Under  100 

100-250 

250-500 

500-750 

Retiuns  with  net  income ' 

Under  1 

2,329 
1,804 
1,611 
1,  560 
1,392 
5,024 
3,539 
2,543 
2.211 
6,918 
5,776 
4,727 
1,981 
1,135 
991 
225 

611 
395 
307 
287 
292 
899 
587 
400 
336 
909 
666 
531 
206 
130 
124 
32 

1,108 

922 

843 

833 

678 

2,  253 

1,205 

680 

487 

1,031 

499 

211 

76 

26 

19 

6 

199 

119 

125 

108 

108 

418 

305 

251 

225 

664 

399 

172 

32 

11 

10 

3 

173 

160 

111 

131 

119 

570 

520 

390 

340 

1,132 

756 

328 

68 

24 

9 

3 

87 

1-2... 

92 

2-3 

95 

3-4    

76 

4-5 

78 

5-10 

310 

10-15                                        .  - 

317 

15-20                                        .  . 

302 

20-25 

297 

25-50 

994 

50-100 

830 

100-250_ 

405 

250-500 

69 

600-1,000     .... 

18 

1,000-5,000 .  . 

7 

5,000  and  over 

Total... 

43,  766 

6,712 

10,  877 

3,149 

4,834 

3,967 

Returns  with  no  net  income' 

Under  1 

4,053 

2.100 

i;  578 

1,261 

1.115 

3,739 

2,286 

1,501 

1.078 

2,782 

1,704 

1,203 

417 

192 

165 

24 

1,529 

649 

488 

370 

310 

1,049 

599 

376 

243 

644 

353 

277 

93 

47 

35 

8 

1,712 

961 

695 

593 

502 

1,645 

953 

569 

403 

818 

396 

222 

45 

17 

13 

3 

268 
163 
138 
102 

99 
392 
270 
214 
165 
429 
255 
131 

25 
8 
5 

214 

114 

102 

83 

97 

272 

193 

121 

106 

316 

213 

136 

30 

11 

7 

120 

1-2 

71 

2-3 

50 

3-4 

47 

4-5... 

37 

5-10 

144 

10-15 

86 

15-20 

69 

20-25 

66 

25-50 -  . 

177 

60-100 

119 

100-250 

91 

250-500_ 

21 

500-1,000^.. 

11 

1,000-5,000 

4 

6,000  and  over 

Total 

25, 198 

7,070 

9,547 

2,664 

2,015 

1,112 

STATISTICS   OF   INCOME 


41 


Frequency  distribution  of  corporation  returns^  with  balance  sheets  showing  total  assets 
of  $250,000  and  over,  by  net  income  or  deficit  classes,  cross  classified  by  total  receipts 
classes  and  by  returns  xoith  net  income  and  with  no  net  income — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Total  receipts  classes  «— Continued 

Net  income  or  deficit  classes  ' 

750-1,000 

1,000-2,500 

2,500-5,000 

5,000-10,000 

10,000  and 
over 

Returns  with  net  income '— Continued 

Under  1                

54 

47 

38 

45 

48 

198 

195 

174 

167 

672 

650 

437 

91 

28 

6 

1 

72 

57 

70 

68 

57 

323 

332 

277 

287 

1,224 

1,465 

1,637 

575 

161 

35 

4 

19 

8 

17 

8 

5 

38 

61 

57 

57 

225 

384 

683 

509 

281 

113 

4 

5 

1 

4 

4 

4 

11 

12 

9 

12 

52 

104 

239 

254 

287 

214 

9 

1 

1-2                               

3 

2-3                           

1 

3-4 

4-5                        

3 

5-10                  

4 

10-15                

5 

15-20                                                     

3 

20-25   

a 

25-50                                             -  

15 

50-100                                             --  

23. 

100-250                                  

84 

250-500                           

111 

500-1,000                    

169 

1,000-5,000          -- 

454 

5,000  and  over     

16» 

Total                                

2,851 

6,644 

2,469 

1,221 

1,04? 

Returns  with  no  net  income  2— Continued 

Under  1                             

57 
45 
35 
20 
22 
68 
61 
46 
32 
96 
84 
61 
20 
5 
2 

123 

74 

49 

38 

36 

138 

97 

86 

49 

199 

188 

148 

80 

26 

15 

20 
14 
7 
5 

10 
19 
19 
16 
16 
68 
57 
85 
42 
26 
20 

8 

7 

3 

2 

2 

9 

6 

4 

6 

22 

18 

36 

36 

16 

19 

2 

2 

1-2                

2 

2 

3-4                                      -  .  

1 

5-10                         

3 

2 

15-20 

2 

25-50         

13 

21 

100-250                           -  -  

16 

25 

500-1,000                 -  -- 

25 

45 

11 

Total                   

654 

1,346 

424 

196 

170 

1  See  footnote  1,  p.  39.  »  See  footnote  1,  p.  20.  '  See  footnote  3,  p.  39. 

Note.— For  data  similar  to  those  in  this  table,  classified  by  major  industrial  groups,  see  basic  table  10, 
pp.  150-166. 


42 


STATISTICS    OF   INCOME 


The  following  table  shows  the  number  of  returns  of  corporations 
submitting  balance  sheets  by  net  income  or  deficit  classes,  cross 
classified  by  total  assets  classes  and  by  returns  with  net  income  and 
with  no  net  income,  and  basic  table  11  presents  similar  data  for  each 
major  industrial  group: 

Frequency  distribution  of  corporation  returns  with  balance  sheets,  by  net  income  or 
deficit  classes,  cross  classified  by  total  assets  classes  and  by  returns  with  net  income 
and  with  no  net  income 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit  classes ' 

Total  assets  classes  ' 

Aggregate 

Under  50 

50-100 

100-250 

250-500 

500-1,000 

Returns  with  net  income  i 

"Under  1 

65,  993 

22,  941 

14,001 

9.844 

7.548 

20,  603 

10,  557 

6,091 

4,299 

10.  584 

6,765 

4,976 

1.994 

1,138 

994 

225 

49,  663 

12,919 

6,  351 

3,729 

2,386 

4,397 

1,206 

4.53 

214 

314 

60 

21 

1 

8,618 

4,680 

3,353 

2,416 

1.928 

5, 050 

2,081 

860 

462 

641 

143 

41 

2 

5,304 

3,488 

2,  652 

2,124 

1.832 

6.088 

3,719 

2,214 

1.406 

2,702 

787 

191 

6 

4 

1 

1 

1,494 

1,147 

999 

886 

756 

2,506 

1,678 

1,2.50 

1,046 

3,027 

1,589 

506 

42 

9 

2 

599 

1-2                    

459 

2-3      

429 

3-4      

428 

4-5      

403 

S-10 - 

1,527 

10-15                      

972 

15-20           .-- --- 

655 

20-25      - 

590 

25-50 

1,961 

50-100 

1,897 

100-250        

1,138 

250-500       

168 

500-1 ,000 

29 

1,000-5,000 

2 

5 

5,090  and  over 

Total - -. 

188.  553 

81.716 

30,  275 

32,  519 

16,  937 

11,260 

Returns  with  no  net  income  ' 

Under  1 

125.712 

30,  866 

16,486 

10, 148 

6,864 

16,029 

6,376 

3,  399 

2,138 

4,494 

2,320 

1,412 

451 

209 

172 

25 

99, 158 

19,732 

9,351 

5,126 

3,087 

5,  692 

1,651 

645 

366 

538 

176 

76 

14 

9 

5 

1 

13,  .^.62 

5,097 

2,801 

1,800 

1,220 

2,711 

903 

389 

225 

375 

114 

48 

4 

3 

1 

8,767 

3,845 

2,687 

1,888 

1,397 

3,703 

1,405 

780 

400 

682 

263 

84 

16 

5 

1 

2,492 

1,323 

938 

738 

632 

2,032 

1,076 

591 

415 

746 

291 

103 

21 

5 

2 

999 

1-2 

528 

2-3      

412 

3-4    

338 

4-5 

297 

S-10 ..- 

1,016 

10-15      ... 

746 

15-20 

486 

20-25 

369 

25-50     - 

879 

50-100      - 

388 

100-250     

182 

250-500.... 

29 

500-1,000-- 

6 

1,000-5,000         

5 

6,000  and  over     

1 

Total 

227, 101 

145,  627 

29,  253 

25,  923 

11,405 

6,681 

STATISTICS    OF   INCOME 


43 


Frequency  distrihidion  of  corporation  returns  with  balance  sheets,  by  net  income  or 
deficit  classes,  cross  classified  by  total  assets  classes  and  by  returns  with  net  income 
and  with  no  net  income — Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Total  assets  classes  '—Continued 

Net  income  or  deficit  classes  i 

1,000-5,000 

5,000-10,000 

10,000- 
50,  000 

50,000- 
100,000 

100,000 
and  over 

Returns  with  net  income  '—Continued 

Under  1 

298 

236 

204 

238 

228 

969 

839 

612 

524 

1,668 

1,918 

2,456 

1,138 

414 

92 

1 

12 
8 
9 

17 

12 

46 

47 

33 

44 

185 

229 

339 

368 

321 

161 

2 

5 
2 
4 
5 
3 

18 

14 

14 

12 

83 

122 

246 

229 

293 

521 

46 

1-2 

2 

12-3 

3-4 

1 

4-5 

S-10 

2 

1 

10-15 

15-20 

20-25 _- 

1 

^5-50 

1 
11 
27 
28 
36 
113 
46 

2 

50-100 

0 

100-250 

11 

250-500 

12 

500-1,000         

32 

1  000-5,000     

97 

5,000  and  over      

129 

Total - 

11,835 

1,833 

1,617 

268 

293 

Returns  with  no  net  income '- Continued 

Under  1 

636 
304 
269 
234 

218 
784 
544 
448 
322 
1,069 
824 
577 
145 
45 
21 
2 

56 

28 

13 

16 

8 

67 

29 

46 

23 

131 

148 

180 

98 

31 

11 

1 

39 

8 

13 

8 

5 

22 

19 

13 

18 

70 

101 

146 

101 

70 

55 

6 

2 
1 

1 

I 

1-2               

2-3              .- - 

I 

3-4 -- 

4-5       

5-M)__ 

10-15...   

1 
3 
1 

1 

15-20 

20-25 

25-50            

3 
10 
11 

8 
15 
30 

1 

1 

50-100            

6 

100-2.50       

5 

250-500 

500-1,000    

15 
20 

1,000-5,000 

41 

5,000  and  over. 

13 

Total... -..- 

6,442 

886 

694 

87 

103 

I  See  footnote  1,  p.  20. 
1  See  footnote  3,  p.  26. 

Note.— For  data  similar  to  those  in  this  table,  classified  by  major  industrial  groups,  see  basic  table  11 
pp.  167-183. 

The  following  table  shows  the  number  of  returns  by  net  income  or 
deficit  classes,  cross  classified  by  dividends  received  classes  and  by 
returns  vnth  net  income  and  with  no  net  income,  and  basic  table  12 
presents  similar  data  for  each  major  industrial  group  for  which  the 
amount  of  dividends  received  is  over  $50,000,000. 

The  dividends  received  classes  are  based  on  the  amount  of  dividends 
received  from  domestic  corporations  subject  to  taxation  under  Title  I 
of  the  effective  revenue  acts  (item  12(a),  page  2  of  return). 


44 


STATISTICS    OF   INCOME 


Frequency  dishihution  of  corporatwn  returns,  hy  net  income  or  deficit  classes,  cros& 
classified  by  dividends  received  classes  and  by  returns  with  net  income  and  with 
no  net  income 

[Net  inc3ine  or  deficit  classes  and  dividends  received  classes  in  thousands  cf  dollars] 


Net  income  or  deficit  classes  ' 

Aggre- 
gate 

No  divi- 
dends re- 
ceived 

Dividends  received 

2  classes 

Under  5 

5-10 

10-15 

15-20 

20-25 

Returns  with  net  income  ' 

Under  1 

74,  728 

24.  526 

14,  767 

10,  320 

7,864 

21.438 

10.939 

6,302 

4,447 

10, 959 

7,046 

5,233 

2,107 

1.197 

1,058 

230 

70  750 

22.  309 

13, 164 

8,933 

6. 683 

17,599 

8,549 

4,708 

3.200 

7.316 

4,163 

2,629 

856 

407 

264 

27 

3.875 

2.070 

1,506 

1,269 

1.046 

3,088 

1,800 

1,126 

822 

2,213 

1,440 

1,045 

394 

196 

128 

13 

60 

49 

61 

■K 

95 

433 

197 

132 

105 

337 

221 

201 

84 

33 

35 

1 

20 

20 

16 

25 

17 

172 

204 

93 

67 

154 

174 

146 

65 

29 

26 

5 

8 

2 

5 

5 

9 

64 

79 

128 

57 

138 

111 

103 

45 

32 

13 

2 

4 

1-2 

2-3.      

5 

4 

3-4                          

1 

4-5                   

5 

5-10 

10-15 

15-20 

20-25 

25-50        

30 

38 
61 
96. 

87 

50-100 

100-250.. 

250-500 

500-1,000 

78 
71 
33 
23 

1,000-5,000 

16 

6,000  and  over 

Total 

203, 161 

171,617 

22, 031 

2,120 

1,233 

?01 

552 

Returns  with  no  net  income  • 

Under  1 

1-2 -.._ 

2-3 

3-4 

4-5 

5-10 

10-15 

15  20-. - ...- 

20-25 

158,  701 

36. 657 

19,  342 

11.634 

7,857 

18  064 

7,073 

3,781 

2,392 

5,021 

2,615 

1,  613 

500 

232 

ISR 

28 

154,407 

35,013 

18,328 

10.  !>21 

7,317 

16.  564 

6.340 

3,  ,339 

2,065 

4,199 

2,  086 

1,179 

324 

128 

74 

6 

4,128 

1,563 

946 

645 

484 

1,339 

633 

363 

267 

625 

?57 

234 

84 

36 

25 

2 

82 
43 
33 
36 
28 
79 
44 
31 
31 
65 
46 
44 
15 
3 
7 
1 

33 

18 

15 

11 

10 

31 

20 

14 

7 

41 

21 

30 

6 

5 

7 

11 
2 
2 
5 

12 

7 

7 

5 

25 

20 

19 

5 

10 

6 

1 

7 
7 
3 
3 
2 
9 
6 
7 
6 

25-.50 

10 

50-100 

12 

100-250 

250-500-     _.     .. 

9 
8 

500-1,000 

7 

1,000-5,000 

6 

6,000  and  over  . 

Total 

275,  696 

262,  293 

11,731 

588 

269 

139 

102 

STATISTICS    OF   INCOME 


45 


Frequency  distribution  of  corporation  returns,  by  net  income  or  deficit  classes,  cross 
classified  by  dividends  received  classes  and  by  returns  with  net  income  and  with  no 
net  income — Continued 

[Net  income  or  deficit  classes  and  dividends  received  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 

Dividends  received'  classes— Continued 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000- 
5,000 

5,000- 
10,000 

10,000 
and  <  ver 

Returns  with  net  income  '—Continued 

Under  1 

9 

5 

6 

9 

7 

33 

51 

42 

81 

544 

259 

246 

106 

86 

42 

8 

2 

2 

14 

16 

6 

15 

133 

476 

248 

135 

72 

58 

8 

2 
5 
3 
2 

1-2 

2-3-. -I 

3-4 

4-5       .       -- 

5-10         

5 

4 

5 

4 

33 

114 

472 

140 

101 

96 

19 

10-15     

1 

15-20  

1 

20-25  

25-50  

4 
8 
61 
221 
76 
88 
18 

50-100 

2 

9 

25 

121 

92 

16 

100-250 

2 
2 

20 
193 

44 

250-500       

1 

1 

6 

31 

500-1,000      

1  000-5  000 

1 

5,000  and  over 

38 

Total 

1,534 

1,186 

1,005 

477 

266 

261 

39 

39 

Returns  with  no  net  income— Continued  i 

Under  1 

18 
7 

10 
4 
7 
16 
12 
10 

33 

33 

41 

16 

8 

7 

2 

4 
3 
1 
5 
3 
9 
6 
7 
2 

12 
24 
24 

16 
9 
14 

1 

8 
1 
3 
1 
4 
5 
2 
1 
2 
7 
8 
19 
14 
13 
18 
5 

2 

1 

1-2 

2-3 - 

1 

3-4 

5-10 

1 
1 

1 
1 

1 

15-20       

20-25       

25-50 

2 
4 
9 
9 
6 
6 
1 

2" 
3 
3 
2 
3 
2 

2 
2 
2 

60-100 

100-250 

250-500 

500-1,000 

4 

10 
6 

1 
3 
1 

1.000-5,000 

5,000  and  over 

Total 

231 

140 

111 

.    42 

IS 

27 

5 

1  See  footnote  1,  p.  20. 
»  See  footnote  2,  p.  20. 

Note— For  data  similar  to  those  in  this  table,  classified  by  selected  major  industrial  groups,  see  basic 
table  12,  pp.  184-193. 


114338— 3S 


46 


STATISTICS    OF    INCOME 


HISTORICAL  SUMMARIES 

A  resume  of  the  corporation  returns  showing  number  of  returns, 
gross  income,  net  income,  deficit,  tax,  and  the  items  of  compiled  re- 
ceipts, compiled  deductions,  assets  and  liabilities  is  shown  in  the 
following  tables.  Attention  is  called  to  the  fact  that  the  amounts  of 
money  in  the  tables  on  pages  49-53  are  in  millions  of  dollars. 

Corporation  returns  distributed  by  States  and  Territories,  for  the 
years  1927  through  1936,  showing  number  of  returns,  gross  income, 
net  income,  deficit,  and  tax,  for  returns  with  net  income  and  wdth  no 
net  income  are  presented  in  basic  table  8,  pages  125-135.  Similar  data 
are  shown  by  major  industrial  groups  for  the  years  1927  through  1936 
in  basic  table  7,  pages  120-124. 

The  data  for  1934-36  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  wdth  previous 
reports,"  p.  6.) 

Corporations,  1909-36:  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 3 

With  no 
income 

data— In- 
active 

corpora- 
tions 3 

Total 

Returns  with 
net  income 

Returns 

with  no 

net  income 

1909 

262,  490 
270,  202 
288,  352 
305,  336 
316,  909 

8  299,  445 

9  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 

"  530,779 

*  52,  498 

<  54,  040 

*  55, 129 

<  61, 116 
188, 866 

174,  205 
190,911 
206,  984 
232, 079 
202, 061 
209,  634 
203,  233 
171,239 
212.  535 
233,  339 
236,  389 
252,  334 
258. 134 
259, 849 
258,  783 
269, 430 
221,  420 

175,  898 
82,  646 

109,  786 

145, 101 

164,  231 

»  203, 161 

5  209.  992 

5  216.  162 

5  233,  223 

5  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 

11  275, 696 

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 
119.299.494 
134.  260, 149 
142.  129, 853 
144,  398,  352 
152,  781,  514 
160,  621,  509 
136.062.0.50 
107,51.5.239 
81,083.738 
83,  642.  421 
100,831,253 
113,936,170 
132,  277,  933 

32,  531,  097 

79,  540,  005 

79,  706,  659 
88,261,006 
93,  824,  225 
60, 051, 123 

80.  331,  6S0 
97,  457,  479 
97,158,997 

113,692,083 
118,022,117 
115.324,340 
s  127,  369,  525 
129.  633,  792 
8  89,  561,  495 
52,  051, 035 
31,  707, 9153 
46,  7.52,  366 
62,  920,  9,54 
77,  441,  506 
104,  763,  755 

2,  796,  534 

1917 

5, 153, 234 
6,  757, 622 
11  057,743 

1918 

1919  .  -       

1920 

24,  381,  338 

1921 

1922 

31,  198,  150 
20,  588, 835 
21, 106  184 

1923 

1924 

22, 070,  497 

1925- 

8  20,  588, 068 

1926 

24  107  736 

1927 

49,  356 
52,  281 
53,415 

55,  700 
56, 700 

56,  752 

57,  238 
59,  094 
56,  518 
51, 922 

29  074, 102 

1928 

9  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 
36,  494, 664 
27  514  178 

1935 

1936 

See  footnotes  at  end  of  table. 


STATISTICS   OF   INCOME 


47 


Corporations,  1909-36:  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^ — 
Continued 

[Money  figures  in  thousands  of  dollars] 


Net  income 

Deficit 

Net  income 
less  deficit 

Tax  2 

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 
9,67.3,403 
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 
H  9, 478,  241 

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 

» 3, 287,  545 
'5,643,574 
»  2,  547, 367 
94, 170 
1,695,949 
12  7,326,217 

20, 960 

33,  512 

28, 583 

35, 006 

43, 128 

39, 145 

56,994 

171,  805 

503, 698 

6.53, 198 

743, 536 

636, 508 

366,444 

775,310 

937. 106 

881,  550 

1,170,331 

1,  229, 797 

1, 130, 674 

1,184,142 

1,193,436 

711,704 

398,994 

8  285, 576 

416,093 

588, 375 

710, 156 

1'  1, 024, 793 

20, 960 
33,  512 

1910 .-- 

1911    

28, 583 
35, 006 

1912.    

1913                             -  . 

43  128 

1914                          

39  145 

1915                      

56,994 
171,805 

1916 

656, 904 
629, 608 
689,  772 
995, 546 
2,029,424 
3, 878. 219 
2, 193, 776 
2,013,555 
2, 223,  9l'6 
1,  952,  628 
2, 168. 710 
2,471,739 
2,391,124 
2,914,128 
4, 877,  .S95 
6, 970, 913 
7,  796, 687 
5, 533, 339 
4, 181, 027 
3, 468.  774 
12  2,152,024 

1917 

1,638,748 

2,  .505, 566 

1,431,805 

988, 726 

335, 132 

'  8, 466 

2, 142, 446 

1918               

3, 158, 764 

1919           ...     

2, 175, 342 

1, 625, 235 

701,576 

1920           

1921 

1922       

783,  776 

1923        

937, 106 

1924    

881, 550 

1925 

1,170,331 
1. 229, 797 
1, 130, 674 

1926 

1927.. 

1928 

1. 184, 142 

1929. 

1,193,436 
711  704 

1930                    

1931                 

398, 994 
' 285, 576 

1933      

10  6, 976 
7,673 
24, 969 
21,613 

423,068 
596, 048 
735, 125 

1934 

1935 

1936 

lU,  191, 378 

1  Changes  in  the  revenue  acts  afiecting  the  comparability  of  statistical  data  from  income  ta.x  returns  of 
corporations  are  summarized  on  pp.  195-200:  textual  discussion  appears  on  pp.  2-3,  6.  The  period  1909  to 
1915  includes,  to  a  limited  extent,  additions  made  by  audit  and  delinquent  returns  filed. 

2  Taxes  shown  for  1909  to  1915  inclusive,  are  receipts  for  fiscal  year  ended  .Tune  30,  immediately  following, 
as  shown  in  annual  reports  of  Commissioner  of  Internal  Revenue,  which  receipts  include  fines,  penalties, 
additional  assessments,  etc.;  1916  and  subsequent  vears,  tax  is  amount  reported  on  income  tax  returns, 
taxes  for  1913  include  income  tax  .$32,456,663;  excise  tax,  .$10,671,077  (act  of  Aug.  5,  1909). 

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

*  Returns  with  net  income  in  excess  of  $5,000  exemption. 

5  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.) 

'  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.  J^r  revised  figures  for  19:5,  see  Statistics  of  Income  for  1935,  Part  2,  p.  21,  footnote  7.  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  net  income. 

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

'2  For  1936,  net  income  or  deficit  represents  the  amount  for  excess-profits  tax  computation  which,  unlike 
former  years,  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I 
of  the  effective  revenue  acts  and  interest  received  on  certain  Government  obligations  subject  to  excess-profits 
tax,  and  excludes  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions 
or  gifts) . 

I'  For  1936,  includes  income  tax  reported  on  returns  with  fiscal  year  ended  July  through  November  1936 
(and  returns  with  part  year  which  began  in  1935);  graduated  normal  tax,  and  flat  normal  tax  for  corporations 
exempt  from  the  graduated  rates,  reported  on  returns  for  the  calendar  year  1936  and  for  fiscal  year  or  part 
year  ended  in  period  January  through  June  1937. 

1*  For  1936  includes  surtax  on  undistributed  profits  of  $144,972,000  on  returns  for  the  calendar  year  1936 
and  for  fiscal  year  ended  in  period  January  through  June  1937. 


48 


STATISTICS    OF    INCOME 


Corporations,  1933-36,  hy  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] 


1933 

1934 

1935 

1936  > 

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 

Returns  with  net  income 

Under  1  

52,  278 

13.  558 

7,481 

4,783 

3,404 

9,143 

4,  324 

2.  634 

1,836 

4,245 

2,638 

1,958 

732 

3S5 

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 

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 

1,413,077 

74,  728 

24,  526 

14, 767 

10, 320 

7,864 

21,438 

10,  939 

6, 302 

4,447 

10,  959 

7,046 

5,233 

2,107 

1.197 

1,058 

230 

26, 107 

1-2             

35,  946 

2-3        

36.  666 

3-4        

36, 164 

4-5         

35,  554 

5-10          - 

153, 967 

10-15       

135,  344 

15-20     

110,144 

20-25     

100, 175 

25-50 

388,413 

50-100     

498, 682 

100-250.    

813, 120 

250-500         

738,  865 

600-1,000 

835, 894 

1,000-5,000 

2, 145, 833 

6,000  and  over 

3, 387, 367 

Total 

109,  786 

2.  985, 972 

145, 101 

4, 275, 197 

164, 231 

5, 164,  723 

203, 161 

9.  478,  241 

1933 

1934 

1935 

1936  2 

Deficit  classes 

Number 

of 
returns 

Deficit 

Number 
of 

returns 

Deficit 

Number 
of 

returns 

Deficit 

Number 
of 

returns 

Deficit 

R€ 

turns  with 

no  net  inc 

ome 

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,  283 

66,  587 

61.917 

56, 178 

221,  749 

162, 142 

126,  662 

106,110 

361,  666 

391,925 

539,  333 

423,  833 

443,  104 

1,022,415 

1,  430,  599 

161, 078 

44,  376 

25, 061 

15,708 

11,132 

26, 9.55 

11,  208 

6,1.54 

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 

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 

560,  801 

158,  701 

36, 657 

19, 342 

11,634 

7,857 

18,064 

7,073 

3,781 

2,392 

5,021 

2,615 

1,613 

500 

232 

186 

28 

48,  026 

1-2        

52,  756 

2-3       

47,  338 

3-4 

40, 301 
35, 147 

4-5  

5-10 

126,  569 

86, 156 

15-20     

65, 485 

20-25     

53, 389 

25-50 

174, 769 

50-100     

180,523 

100-250 

242, 989 

173,  554 

500-1,000  

159, 977 
385, 179 

5,000  and  over 

279. 865 

Total 

337, 056 
57,238 

5,  533, 339 

324,  703 
59,094 

4, 181, 027 

312,882 
56, 518 

3, 468, 774 

275,  696 
51, 922 

2, 152, 024 

Num  ber  of  returns  of 
inactive    corpora- 
tions  

•  Changes  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
corporations  are  summarised  on  pp.  195-200;  textual  discussion  appears  on  pp.  2-3,  6.  Figures  for 
returns  with  net  income  for  1918  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  and  1932,  appear  in  Statistics  of  Income  for  1934,  Part  2^ 
pp.  36  and  37. 

'Sue  footnote  1,  p.  12. 


STATISTICS   OF   INCOME 


49 


Corporations  1926-36:  number  of  returns,  compiled  receipts  and  compiled  deductions, 
compiled  net  profit  or  net  loss,  and  net  income  or  deficit  ^ 

[Money  figures  in  millions  of  dollars] 


1926 


1927 


1928 


1929 


Number  of  returns 

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)-. 

Other  deductions.- 

Total  compiled  deductions 

Compiled  net  profit  or  net  loss 

Net  income  or  deficit 


1'  455, 320 


443,611 


456,  021 


106, 206 
9,332 
3,712 

(") 

(18) 

21,373 

1,506 
500 


106,  864 
9,420 
3.989 

(18) 
(16) 

22,468 

1,658 
501 


112,  436 
10,  334 
4,476 

(18) 
(18) 

>o  23, 619 

1,917 
M523 


118, 101 

28,  598 

5.036 

2,391 

1,315 
2,587 

2,593 
537 


144, 899 


20  153.  305 


161, 158 


82, 484 

(") 
(>») 
(i«) 

3,989 
1,878 

(U) 

3,270 
571 

(ID) 

40,927 


133,119 


83, 487 
(") 
(>») 

(19) 

4,375 
2,014 

814 
3,346 

502 

(") 
41,  692 

136. 230 


87, 265 
(") 

3,199 

(>») 

4,581 

2,203 

804 

3.597 

515 

(>') 
M  40, 473 


91, 076 

(19) 

3.337 

(19) 

4,925 
2,222 

942 
3,871 

559 

(19) 

42,  357 


20 142,  638 


9,510 
7,505 


6,510 


30  10,  667 
8,227 


11, 870 
8,740 


Number  of  returns 

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  'o 

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 


58,774 

(19) 

2,698 

(19) 

4,492 
2,231 
1,183 
4,003 

268 

1,702 
33, 484 


108, 834 


21  777 
21  3,  288 


451, 884 


20  53,  294 

20  19,  584 

3,491 

1,926 

142 
1,387 

1,260 
554 


81,638 


i«  41,  430 

(19) 

2,133 

(19) 

4,043 
2,087 
1,313 
3,693 
247 

1,705 

20  28, 816 


85, 467 


21  3,  829 
2"  5,  644 


446, 842 


57.  777 

18,  982 

2.786 

1,650 

262 
1,159 

1,026 
592 


84, 234 


43, 626 
9,420 
1,995 
1,422 
3.511 
2,124 
1,249 
3,496 
246 

1,686 
16,390 


85, 164 


21930 
21  2,  547 


1934 


469, 804 


74,  309 

18,  552 

2,696 

1.585 

243 
1,229 

2,217 
1*659 


57,  458 
8,670 
2,173 
1,486 
3,422 
2,162 
1,182 
3,362 
312 

297 
17,996 


98,  520 


20  2, 970 
94 


For  footnotes,  see  p.  50. 


50 


STATISTICS    OF    IXCOME 


Corporations  1926-36:  number  of  returns,  compiled  receipts  and  compiled  deductionsy 
compiled  net  profit  or  net  loss,  and  net  income  or  deficit  ^ — Continued 

[Money  figures  in  millions  of  dollars] 


1936 

1936 

478, 857 

Deductions: 

Cost  of  goods  sold  '    

78,023 

10,859 
2,713 

Receipts,  taxable  income: 

100, 586 

22,886 

2,543 

1,518 

581 

2,677 
1,208 

280 
445 

Compensation  of  officers  "  

Rent  paid  on  business  property 

Bad  debts 

1,530 

Gross  receipts  from  operations  ' 

901 

Interest                    -              .  ..  .  - 

Interest  paid 

3,081 

Rents                 - 

Taxes  paid  other  than  income  and 

excess-profits  tax  " 

Contributions  or  gifts  '^ 

2,958 

Dividends  from  domestic  corpora- 

30 

tions  < 

Depreciation... 

3,286 

Other  receipts               ..           

Depletion 

Net    capital   loss    (sale   of  stocks, 
bonds,  and  other  assets)  ". 

437 

Receipts,   tax-exempt  and   taxable  in- 
come; 

142 

Interest  on  Government  obligations: 

Other  deductions..  ...        .       ... 

20, 991 

Subject  to  excess-profits  tax  ^ 

\\Tiolly  tax  exempt ' 

Total  compiled  deductions  >< 

Compiled  net  profit  or  net  loss  '5 

Net  income  " 

i 

124,  952 

Total  compiled  receipts  ' 

132,  723 

7,771 
7,326 

1  Changes  in  the  revenue  acts  aflectin?  the  comparability  of  statistical  data  from  income-tax  returns  of 
corporations  are  summarized  on  pp.  195-200;  textual  discussion  appears  on  pp.  2-3,  6. 

»  For  1926  through  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  1926  through  1931,  gro.ss  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." 

*  Dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  title  I  of  the  effective 
revenue  acts  (item  12  (a),  p.  2  of  return). 

«  For  1936,  includes  United  States  savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  over 
t5,000.  and  obligations  of  instrumentalities  of  the  United  States  (other  than  those  issued  under  Federal  Farm 
Loan  .\ct  or  such  act  as  amended)  reported  as  item  8.  p.  2  of  return. 

'  For  1926  through  1935,  includes  obligations  of  States  and  Territories,  or  political  subdivisions  thereof, 
obligations  of  instrumentalities  of  the  United  States,  and  obligations  of  the  United  States  or  its  possessions. 
For  1936,  includes  obligations  of  States  and  Territories  or  political  subdivisions  thereof,  securities  issued 
under  Federal  Farm  Loan  Act,  or  such  act  as  amended,  obligations  of  the  United  States  issued  on  or  before 
Sept.  1,  1917,  Treasury  notes,  Treasury  bills.  Treasury  certificates  of  indebtedness,  and  United  States  sav- 
ings bonds  and  Treasury  bonds  owned"  in  principal  amount  of  ?5,000  or  less. 

'  Excluies  nontaxable  income  other  than  interest  on  tax-exempt  obligations  reported  in  Schedule  M  of 
the  return.  For  1936,  "dividends  received  from  domestic  corporations"  are  included  in  taxable  income 
Instead  of  in  tax-exempt  income. 

'  Includes  taxes  which  are  reported  in  "cost  of  goods  sold." 

•  Includes  taxes  which  are  reported  in  "cost  of  operations." 

"•  Excludes  compensation  of  officers  of  life  insurance  companies  which  file  Form  1120L. 

•'  Excludes  taxas  tabulated  under  "cost  of  goods  sold"  and  "cost  of  operations." 

'>  Limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts  on  returns  with  year  ended 
Dec.  31,  1936,  and  thereafter. 

"  For  limitation  on  amount  of  loss  that  may  be  allowed,  see  section  of  this  report  entitled  "Revenue  -4.cts 
of  1913-36  and  certain  tax  provisions  of  the  National  Industrial  Recovery  .\ct  (1933);  also  special  excise  tax 
under  act  of  Aug.  5,  1909,"  p.  199,  footnote  5(d). 

'<  For  1936,  compiled  deductions  include  contributions  or  gifts  (limited  to  5  percent  of  net  income  before 
deduction  of  contributions  or  gifts)  on  returns  with  year  ended  Dec.  31. 1936.  and  thereafter. 

'5  Compiled  net  profit  for  1936  is  affected  by  the  inclusion  in  deductions  of  contributions  or  gifts  Oimited 
to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  on  returns  with  year  ended  Dec .  31, 
1936,  and  thereafter. 

"For  1936,  "netincome"representstheamount  for  excess-profits  tax  computation  (item  27,  p.  2  of  return) 
which  is  equal'to  the  difference  between  "total  income"  and  "total  deductions"  (items  14  and  26,  respectively, 
p.  2  of  return).  Unlike  former  years,  net  inccme  includes  dividends  received  on  stock  of  domestic  corpora- 
tion? subject  to  taxation  under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest 
received  on  certain  Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return), 
and  excludes  contributions  or  gifts  Qimited  to  5  percent  of  net  income  before  deduction  of  contributions  or 
gift?). 

1'  Includes  in  this  year  returns  for  inactive  corporations. 

"  Included  in  "other  receipts." 

"  Included  in  "other  deductions." 

>«  Revised.  For  revised  figures  for  1928.  see  Statistics  of  Income  for  1930,  p.  238,  and  Statistics  of  Income  for 
1935,  Part  2,  note  '  i.  p.  24;  for  revi?ed  figure^  for  193i.  see  Stat  istics  of  Income  f  ir  1931 .  pp.  32  and  33:  for  re- 
vised figures  for  1932,  see  Statistics  of  Income  for  1933,  p.  37;  and  for  revised  figures  for  1934,  see  Statistics  of 
Income  for  1935,  Part  2,  note  14,  p.  24. 

"  Compiled  net  loss  or  deficit. 


STATISTICS    OF    INCOME 


51 


Corporations  submitting  balance  sheets  1926-36:  number  of  returns,  assets  and 
liabilHies  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 

"  359, 449 

379, 156 

384,  548 

398,815 

403, 17J 

Assets: ' 

Cash  *.                         .            

16,802 
23,  552 
20,  939 
8,694 

(«) 

97,  523 
«  94,  669 

16, 851 
50,  959 
21, 005 
9,781 

(23) 

104,  945 
84,  001 

21,  952 
62,  804 
20,  751 
10,  116 

(23) 

109,  931 
81,  663 

22,  371 
66, 810 
21,911 
10,  338 

"  55,  844 

116,  446 
42,  057 

21  012" 

Notes  and  accounts  receivable 

.59,  675 
18,771 
10,228 

83,80» 

120,  994 
19,  511 

Investments,  tax-exempt '       -    

Investments   other  than   tax-exempt — 
Stocks,  bonds,  mortgages,  loans,  real 
estate,  etc 

Capital  assets— Land,  buildings,  equip- 
ment, etc..  including  depletable  assets 
(less    reserves    for    depreciation    and 
depletion) 

Other  assets 

Total  assets  5 - 

2«  262, 179 

287,  542 

307, 218 

335.  778 

334  002^ 

Liabilities: ' 

Notes  and  accounts  pavable 

24, 042 

24  31,801 

'<  87, 076 

17, 146 

67,  517 

39,  154 

4,557 

24, 126 

J<  37,  740 

2«  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 
'*  99,  314 

19,  738 
**  85.  520 

60, 699 
5,588 

26, 87a 
50  282' 

Bonded  debt  and  mortgages 

Other  liabilities .  

"  95,  568- 
19, 117 

Capital  stock^preferred- .- -. 

Capital  stock — -common 

87,067 
24  61  832' 

Surplus  and  undivided  profit.  . 

Less  deficit                     .      . 

6,734 

Totalliabilities 

"  262, 179 

287,  542 

307,  218 

335, 778 

334  002' 

1931 

1932 

1933 

1934 

1935 

Number  of  returns  with  balance  sheets  ' 

381, 088 

392, 021 

388,564 

410, 626 

415, 205- 

Assets:  3 

Cash* 

15. 880 
48,  667 
15, 140 
10,  667 

"  75, 305 

»M14,3n3 
16.334 

296,497 

15,917 
39.  564 
12,  372 
11,917 

75,  630 

108.  553 
16,  129 

280, 083 

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 

Notes  and  accoimts  receivable 

38  690 

14  788 

Investments,  tax-exempt ' 

21,863 
90,16J 

100, 480 

Investments   other  than   tax-exempt^ 
Stocks,  bonds,  mortgages,  loans,  real 
estate,  etc 

Capital  assets— Land,  buildings,  equip- 
ment, etc.,  including  depletable  assets 
(less    reserves    for  depreciation    and 
depletion)-- -- 

Other  assets 

13,  501 

Total  assets: ' 

268, 206 

301,  307 

303, 15(h 

Liabilities: ' 

Notes  and  accounts  pavable  _. 

23,  251 

48.  101 

"  81.  782 

a  19,  217 

79.  794 

51,  976 

7,624 

20,  562 

"  47,  222 

"  78,  730 

19,  076 

78, 413 

45,  664 

9,584 

19,  362 
45,  883 
75,  384 
18, 394 
74.088 
44,  792 
9,696 

27, 021 
48,  604 
84, 096 
19,  976 
84, 970 
48,  986 
12,347 

25,  332 

Bonded  debt  and  mortgages 

49,  822- 

Other  liabilities-   

89,066 

Capital  stock^preferred 

19,  533 

Capital  stock — common 

82,  733 

Surplus  and  undivided  profit 

48,828^ 

Less  deficit  

12, 163 

Totalliabilities 

296,  497 

280, 083 

268,  206 

301,  307 

303, 150 

For  footnotes,  see  p.  53. 


52 


STATISTICS    OF    INCOME 


Corporations  svhmitting  balance  sheets  1926-36:  number  nj  returns,  assets  and  lia- 
bilities as  of  the  end  of  the  calendar  year  or  close  of  fiscal  year  nearest  thereto,  com- 
piled receipts  and  deductions,  compiled  net  profit  or  net  loss,  and  net  income  or 
deficit  1 — Continued 

[Money  figures  in  millions  of  dollars] 


1936 


Number  of  returns  with  balance  sheet?  2 

Assets:  s 

Cash* - 

Notes  and  accounts  receivable. - 

Inventories 

Tax-exempt  investments  ^ ..- 

Investments  other  than  tax-exempt— Stocks,  bonds,  mortgages,  loans,  real  estate,  etc. 
Capital  assets— Land,  buildings,  efjuipment,  etc.,  including  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. 

Capital  stock— common 

Surplus  and  undivided  profits 

Less  deficit - 

Total  liabilities - -.. _. 


26, 102 
40.  219 
16,  584 
24,  313 
86,  208 

97,  873 
11,882 

303, 180 


25,  580 
47,023 
97, 109 
18,  591 
78,  072 
48, 043 
11,237 


303, 180 


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  i< 

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) IS 

Other  deductions 

Total  compiled  deductions 

Compiled  net  profit  or  net  loss 

Net  income  or  deficit 


73,  783 

21,  206 

4.024 

2,110 

284 
1,393 

1,905 
533 


105,  238 


57, 374 

(26) 

2,574 

(26) 

4,369 
2,172 
1,153 
3,933 
261 

1,539 
32,  351 


105,  725 


2'  2,  925 


1932 


2«  52,  586 

2«  18,  640 

3,418 

1,813 

136 
1,356 

1,207 
545 


79,  701 


2«40,842 

(26) 

2,064 

(26) 

3.906 
2,012 
1,285 
3,624 
242 

1,538 
2<  27,  698 


83,  211 


2'  3,  511 
27  5,  262 


1933 


56,  961 

17,  991 

2,713 

1,556 

253 
1,130 

962 
582 


82, 148 


42,  981 
8,988 
1,928 
1,376 
3,375 
2,044 
1,213 
3,423 
243 

1,488 


82,  787 


27  639 
"  2. 183 


1934 


72,  825 

17,913 

2,640 

1,498 

233 
1,207 

2,129 
2<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 


2<  3,  037 

258 


1935 


83,  879 

19,003 

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 


For  footnotes,  see  p.  63. 


STATISTICS    OF    INCOME 


53 


Corporations  submitting  balance  sheets  1926-36:  mimber  of  returns,  assets  and 
liabilities  as  of  the  end  of  the  calendar  year  or  close  of  fiscal  year  nearest  thereto, 
covi-piled  receipts  and  deductions,  compiled  net  profit  or  net  loss,  and  net  income 
or  deficit  i — Continued 

[Money  figures  in  millions  of  dollars] 


1936 

1936 

Receipts,  taxable  income: 

96. 130 

21.  245 

2,478 

1,410 

553 

2,573 

1,168 

273 
440 

126,  269 

Deductions: 

Cost  of  goods  sold  13 

Cost  of  operations  i* 

Compensation  of  officers  " 

74,  364 

Gross  receipts  from  operations  ' 

10.083 
2,604 

Rents                           

Rent  paid  on  business  property 

Bad  debts  ..                        ..  .    

1,451 

Net  capital  sain 

866 

Dividends  from  domestic  corpora- 
tions '  .                   .  .      -- 

Interest  paid                 .      . 

2,931 

Taxes  paid  other  than  income  and 

excess-profits  taxes  '^ 

Contributions  or  gifts  i' 

Depreciation              

Other  receipts  ..          

2,807 

Receipts,   tax-exempt  and  taxable  in- 
come: 

29 
3,148 

Interest  on  Government  obligations: 
Subject  to  excess-profits  tax  "i ... 
Wholly  tax-exempt  " 

403 

Net    capital    loss    (sale   of   stocks, 
hrnds,  and  other  assets)'' 

123 

Other  deductions        _.  -  

19.  842 

Total  compiled  deductions  " 

Compiled  net  profit  or  net  loss  20 

Total  compiled  receipts  i^ 

118,651 

7,618 

7,178 

I  Chanses  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
corporations  are  summarized  on  pp.  195-200;  textual  discussion  appears  on  pp.  2-3,  6.  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. 

s  Excludes  returns  for  inactive  corporations  and  returns  with  fragmentary  balance  sheet  data. 
3  See  text  pp.  25,  27. 

*  Includes  cash  in  till  and  deposits  In  bank. 
»  See  footnotes  4  and  5,  p.  24. 

6  "Total  assets"  means  the  sum  of  the  asset  items  or  the  sum  of  the  liability  items  reported  on  the  balance 
sheet  of  the  return  less  any  deficit. 

7  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." 

8  For  1931.  gross  receipts  from  operations  other  than  trading  and  manufacturing.  For  1932  and  subse- 
quent years,  gross  receipts  from  oiierations  where  inventories  are  not  an  income-determining  factor.  For 
"cost  of  operations"  see  "deductions." 

•  Dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective 
revenue  acts. 

•"  Includes  United  States  savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  over  $5,000  and 
obligations  of  instrumentalities  of  the  United  States  (other  than  those  issued  under  Federal  Farm  Loan 
Act  or  Such  act  as  amended)  reported  as  item  8,  p.  2  of  1936  return. 

II  For  1931  through  1935,  includes  oblisrations  of  States  and  Territories,  or  political  subdivisions  thereof, 
obligations  of  instrumentalities  of  the  United  States,  and  obligations  of  the  United  States  or  its  possessions. 
For  1936,  includes  obligations  of  States  and  Territories  or  political  subdivisions  thereof,  securities  issued 
under  Federal  Farm  Loan  Act,  or  such  Act  as  amended,  obligations  of  the  United  States  issued  on  or  before 
Sept.  1,  1917,  Treasury  notes.  Treasury  bills.  Treasury  certificates  of  indebtedness,  and  United  States 
savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  .$5,000  or  less. 

>2  Excludes  nontaxable  income  other  than  interest  on  tax-exempt  obligations.  For  1936,  "dividends  re- 
ceived from  domestic  corporations"  are  included  in  taxable  income  instead  of  in  tax-exempt  income. 

13  Includes  taxes  which  are  reported  in  "cost  of  goods  sold."    For  method  of  tabulation  see  p.  23. 

"  Includes  taxes  which  are  reported  in  "cost  of  operations."    For  method  of  tabulation  see  p.  23. 

'5  Excludes  compensation  of  officers  of  life  insurance  companies  which  file  Form  1120L. 

"  Excludes  taxes  tabulated  under  "cost  of  goods  sold"  and  "cost  of  operations." 

1'  Limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts  on  returns  with  year  ended 
Dec.  31,  1936,  and  thereafter. 

19  For  limitation  on  amount  of  net  capital  loss  that  may  be  allowed,  see  section  of  this  report  entitled 
"Revenue  Acts  of  1913-1936  and  Certain  Tax  Provisions  of  the  National  Industrial  Recovery  Act  (1933); 
also  special  excise  tax  under  Act  of  Aug.  5,  1909,"  p.  199.  footnote  .^(d). 

19  For  1936,  compiled  deductions  include  contributions  or  gifts  (limited  to  5  percent  of  net  mcome  before 
deduction  of  contributions  or  gifts)  on  returns  with  vear  ended  Dec.  31,  1936.  and  thereafter. 

20  Compiled  net  profit  for  1936  is  atlected  by  the  inclusion  in  deductions  of  contributions  or  gifts  (limited  to 
5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  on  returns  with  year  ended  Dec.  31,  1936, 
and  thereafter.  o   »     t       \ 

21  For  1936.  "net  income"  represents  the  amount  for  excess-profits  tax  computation  (item  27,  p.  2  of  return) 
which  is  equal  to  the  difference  between  "total  income"  and  "total  deductions"  (items  14  and  26,  respec- 
tivelv,  p.  2  of  return).  Unlike  former  vears.  net  income  includes  dividends  received  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and 
uaterest  received  on  certain  Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of 
return)  and  excludes  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contri- 
butions or  gifts). 

22  Includes  in  this  year  returns  for  inactive  corporations. 

23  Included  in  "other  assets."  .     ,«  , 

"  Revised  For  revised  fisrures  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; 
for  revised  fieures  for  1930,  1931,  and  1932,  see  Statistics  of  Income  for  1933,  p.  37;  and  for  revised  figures  for 
19.34.  see  Statistics  of  Income  for  1935.  Part  2,  page  26,  footnote  16.  .       .        .     ,    ,  j 

"  In  this  year  "investments  other  than  tax-exempt"  owned  by  life  insurance  companies  were  included 
with  "other  assets"  (see  text.  p.  27). 

25  Included  in  "other  deductions." 

2'  Compiled  net  loss  or  deficit. 


54  STATISTICS    OF    INCOME 

PERSONAL  HOLDING  COMPANY  RETURNS 

Personal  holding  company  returns,  Form  1120H,  included  in  this 
report  are  for  the  calendar  year  1936  and  for  a  fiscal  year  ended  in 
the  period  July  1936  through  June  1937.  Returns  for  a  fiscal  year 
ended  prior  to  December  31,  1936,  are  filed  under  the  provisions  of 
section  351  of  the  Revenue  Act  of  1934,  and  returns  for  the  calendar 
year  1936  and  for  a  fiscal  year  ended  in  the  period  January  through 
June  1937  are  filed  under  the  provisions  of  section  351  of  the  Revenue 
Act  of  1936.  (The  increased  surtax  rates  contained  in  section  109  of 
the  Revenue  Act  of  1935,  approved  August  30,  1935,  were  superseded 
by  those  in  section  351  of  the  Revenue  Act  of  1936  before  their  first 
effective  dates.) 

The  major  change  in  the  provisions  of  the  Revenue  Act  of  1936, 
affecting  personal  holding  company  returns  of  both  domestic  and 
foreign  corporations,  was  an  increase  in  the  surtax  rate  graduated 
from  8  percent  on  the  "undistributed  adjusted  net  income"  not  in 
excess  of  $2,000  to  48  percent  on  the  amount  over  $1,000,000,  in  lieu 
of  a  graduated  surtax  of  30  percent  on  the  "undistributed  adjusted 
net  income"  not  over  $100,000  plus  40  percent  of  the  amount  over 
$100,000.  Personal  holding  companies  are  subject  to  this  surtax  on 
Form  1120H  (see  facsimile  on  pp.  217-220)  in  addition  to  the  corpora- 
tion income  tax  on  Form  1120. 

_  A  personal  holding  company  is  defined  under  the  provisions  of  sec- 
tion 351  of  the  Revenue  Act  of  1936  as  any  corporation  (including 
resident  and  nonresident  foreign  corporations  as  w^ell  as  domestic 
corporations,  other  than  the  specifically  exempt  corporations  indi- 
cated below),  if — (A)  80  percent  or  more  of  its  gross  income  for  the 
taxable  year  was  derived  from  royalties,  dividends,  interest,  annuities, 
and  (except  in  the  case  of  regular  dealers  in  stock  or  securities)  gains 
from  the  sale  of  stock  or  securities,  and  (B)  at  any  time  during  the 
last  half  of  the  taxable  year  more  than  50  percent  in  value  of  its  out- 
standing stock  was  owned,  directly  or  indirectly,  by  or  for  not  more 
than  five  individuals.  In  the  case  of  a  domestic  corporation,  gross 
income  is  the  same  as  that  defined  in  sections  22,  204,  and  207  of  the 
Revenue  Act  of  1936,  and  in  the  case  of  a  foreign  corporation,  whether 
resident  or  nonresident,  the  gross  income  is  from  sources  within  the 
United  States,  as  defined  in  section  119  of  the  Revenue  Act  of  1936. 
Corporations  specifically  exempt  from  this  tax  are  as  follows:  (1) 
Corporations  exempt  from  income  taxation  (as  listed  in  section  101 
of  the  Revenue  Act  of  1936);  (2)  banks  and  trust  companies  incor- 
porated under  the  laws  of  the  United  States  or  of  any  State  or  Terri- 
tory, a  substantial  part  of  the  business  of  which  is  the  receipt  of  de- 
posits and  maldng  loans  and  discounts;  (3)  life  insurance  companies; 
and  (4)  surety  companies. 

The  term  "adjusted  net  income"  means,  in  the  case  of  a  domestic 
corporation,  the  net  income  for  income  tax  purposes  less  the  sum  of 
(a)  Federal  income,  war-profits,  and  excess-profits  taxes  and  foreign 
taxes  paid  or  accrued  during  the  taxable  year  to  the  extent  that  they 
were  not  deducted  in  the  computation  of  the  corporate  net  income, 
but  not  including  surtax  on  personal  holding  companies;  (6)  contribu- 
tions or  gifts  to  charitable,  educational,  and  other  similar  organiza- 
tions not  otherwise  allowed  as  a  deduction  for  income  tax  purposes, 
mcluding,  in  the  case  of  a  corporation  organized  prior  to  January  1, 
1936,  to  take  over  the  assets  and  liabilities  of  the  estate  of  a  decedent, 


STATISTICS    OF   INCOME  55 

amounts  paid  in  liquidation  of  any  liability  of  the  corporation  based 
on  the  liability  of  the  decedent  to  make  any  such  contribution  or 
gift,  to  the  extent  such  liability  of  the  decedent  existed  prior  to 
January  1,  1934;  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  1936.  In  the  case  of  a  resident  or  nonresident  foreign  corpora- 
tion filing  Form  1120H,  the  "adjusted  net  income"  means  the  net 
income  from  sources  within  the  United  States  (gross  income  from 
sources  within  the  United  States  as  defined  in  section  119  of  the  Rev- 
enue Act  of  1936  less  statutory  deductions)  minus  the  amount  of 
deductions  enumerated  in  (a),  (6),  and  (c)  above. 

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)  reasonable  amounts  used  or  set  aside  to 
retire  indebtedness  incurred  prior  to  January  1,  1934;  and  (c)  the 
amount  of  the  dividends  paid  credit  allowed  by  section  27(a)  of  the 
Revenue  Act  of  1936  for  the  surtax  on  undistributed  profits,  computed 
without  the  benefit  of  the  dividend  carry-over  provisions  in  section 
27(b)  of  the  Revenue  Act  of  1936. 

The  accompanying  tables  are  based  on  the  returns  as  filed  and  prior 
to  revision  that  may  subsequently  be  made  as  a  result  of  audit  by  the 
Bureau  of  Internal  Revenue. 

The  personal  holding  company  returns  filed  by  corporations  on 
Form  1120H,  for  the  calendar  year  1936  and  for  a  fiscal  year  ended 
in  the  period  July  1936  through  June  1937,  numbered  4,691.  The 
1,013  returns  of  personal  holding  companies  which  report  surtax 
liabilitv  show  adjusted  net  income  of  $55,294,720  and  dividends  paid 
of  $26^099,642,  or  47.2  percent  of  their  adjusted  net  income.  The 
undistributed  adjusted  net  income  subject  to  surtax  is  $17,344,578, 
and  the  surtax  liabihty  is  $3,683,759. 

No  surtax  liability  was  shown  for  3,678  personal  holding  companies, 
which  were  divided  into  (a)  2,459  companies  with  no  undistributed 
adjusted  net  income,  of  which  150  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  2,309  com- 
panies reported  dividends  distributed  to  shareholders  and  other  credits 
in  excess  of  adjusted  net  income,  and  (6)  1,219  companies  with  no 
adjusted  net  income. 

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,  net  income 
or  deficit  on  Form  1120,  deductions,  adjusted  net  income  or  loss, 
credits,  undistributed  adjusted  net  income,  and  surtax.  In  each  case 
the  returns  w^ere  separated  into  those  with  net  income  and  with  no 
net  income  on  Form  1120.  All  returns  with  adjusted  net  income  on 
Form  1120H  showed  net  income  on  Form  1120,  because  of  the  inclu- 
sion of  dividends  received  on  stock  of  domestic  corporations,  subject 
to  taxation  under  Title  I  of  the  Revenue  Act  of  1936,  in  the  net  income 
subject  to  income  tax.  This  net  income  on  Form  1120  for  years  ended 
December  31,  1936,  and  thereafter  includes,  for  the  first  time,  divi- 
dends received  and  the  net  income  of  fiscal  year  returns  with  year 
ended  prior  to  December  31,  1936,  was  adjusted  to  include  .such 
dividends  received. 


56 


STATISTICS    OF    INCOME 


Personal  holding  companies,  1936:  number  of  returns,  net  income  or  deficit  on  Form 
1120,  deductions,  adjusted  net  income  or  loss,  credits,  undistributed  adjusted  net 
income,  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 
n20H 

Returns  Form  1120H  with  ad- 
justed net  income  (and  also 
with  net  income  on  Form 
1120)  1 

Returns      Form 
1120H     with     no 
adjusted   net   in- 
come 

With  net 

income 

on  Form 

1120' 

With  no 
net  in- 
come on 
Form 
1120  > 

With  un- 
distrib- 
uted 
adjusted 

net  in- 
come and 

surtax 
liability 

With  no  undistrib- 
uted adjusted  net 
income 

With  net 

income 

on  Form 

1120' 

Pro  rata 
shares  re- 
ported on 
individ- 
ual in- 
come tax 
returns  of 
share- 
holders 

Dividends 
paid  to 

share- 
holders 
and  other 
credits 
exceed 
adjusted 
net  in- 
come 

With  no 
net  in- 
come on 
Form 
1120' 

Number  of  returns 

3,686 
310, 021 

» 1,005 
6  26,611 

1,013 
64,883 

150 
9,007 

2,309 
229, 146 

214 
6,985 

1,005 

Net  income  or  deficit  on  Form 
1120  2 

«  26,  6U 

Deductions  (amounts  not  de- 
ducted in  computation  of  net 
income  on  Form  1120): 
Federal  income,  war-prof- 
its,    and     excess-profits 
taxes  paid  or  accrued  dur- 
ing the  taxable  year  3 

Contributions  or  gifts  * 

Losses  from  sale  of  capital 
assets ...  - 

17,823 
1,276 

29,310 
1,557 

117 

4 

6,762 
11 

5,919 
51 

3,432 
186 

466 
1 

76 
2 

9,167 
1,192 

6,514 
1,049 

2,271 
33 

19,  289 
319 

117 
4 

6,762 

Foreign  income  taxes  paid 
or  accrued  during  the  tax- 
able year.        

11 

Total  - 

49,966 

6,894 

9,588 

544 

17, 922 

21,912 

6,894 

Adjusted  net  income  or  loss 

260, 055 

8  33,  505 

55, 295 

8,463 

211,224 

6  14, 927 

6  33,  505 

Credits: 

20  percent  of  adjusted  net 
income  in  excess  of  divi- 
dends received  from  per- 
sonal holding  companies. 

48, 887 

16,987 
255,  696 

9,464 

2,387 
26, 100 

39,424 

13,049 
228,  773 

Amount    for    debt    retire- 
ments  

1,543 
2,665 

1,550 
823 

1,543 

Dividends  paid 

2,665 

Total 

321,  570 

4,208 

37, 950 

281,246 

2,374 

4,208 

Undistributed  adjusted  net  in- 
come  

'  17,  345 
7  3,684 

17,  345 
3,684 

Surtax,  Form  1120H 

'  Classification  of  returns  Form  1120H  into  those  with  net  income  and  with  no  net  income  on  Form  1120 
Is  based  on  "net  income  for  income-tax  computation,"  item  29,  p.  2  of  return.  Form  1120.  For  difference  in 
this  amount  and  the  net  income  reported  on  returns.  Form  1120.  for  1934  and  1935.  see  footnote  2. 

2  Corresponds  to  item  29,  p.  2  of  return.  Unlike  returns  for  1934  and  1935,  net  income  or  deficit  includes 
(1)  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective 
revenue  act  (item  12(a),  p.  2  of  return),  and  (2)  interest  received  on  certain  Government  obligations,  which 
is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  (1)  excess- profits  tax  paid  during  the 
taxable  year  (item  28.  p.  2  of  return),  and  (2)  contributions  or  gifts,  limited  to  5  percent  of  net  income 
before  deduction  of  contributions  or  gifts  (item  21,  p.  2  of  return). 

'  Unlike  returns  for  1934  and  1935,  amount  does  not  include  excess-profits  tax  paid  during  the  taxable 
year  which  was  deducted  in  the  computation  of  net  income  on  Form  1120. 

<  Unlike  returns  for  1934  and  1935,  amount  does  not  include  contributions  or  gifts  deducted  in  the  com- 
putation of  net  income  on  Form  1120. 

»  Returns  with  no  adjusted  net  income  and  also  with  no  net  income  on  Form  1120. 

'  Deficit  or  adjusted  net  loss. 

'  Amounts  reported  on  Form  1120H  by  companies  with  undistributed  adjusted  net  income  and  surtax 
liability. 


STATISTICS   OF   INCOME 


57 


It  is  not  possible  to  determine  the  amount  of  the  income  tax  liabiUty 
of  the  individual  shareholders  on  Form  1040  with  respect  either  to 
the  fro  rata  shares  of  the  adjusted  net  income  shown  on  Form  1120H, 
which  were  reported  on  Form  1040,  or  to  the  dividends  distributed 
by  the  personal  holding  companies  to  the  shareholders. 

In  the  tables  throughout  this  report  compiled  from  corporation 
income  and  excess-profits  tax  returns  for  1936,  the  returns  Form  1120 
filed  by  personal  holding  companies  were  merged  in  the  various  indus- 
trial classifications  according  to  the  predominant  business  activity  of 
the  corporation  as  reported  on  that  form. 

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,  by  adjusted  net  income  classes: 

number  of  returns 


• 

Number  of  returns  with  adjusted 
net  income 

With  un- 
distributed 

adjusted 
net  income 
and  surtax 

liability 

With  no  undistributed 
adjusted  net  income 

Aajusiea  net  income  classes  unousanas  of  aollars; 

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 

Under  5                  .  .  

514 
96 

123 
85 
74 
98 
17 
6 

74 
15 
26 
17 
13 
3 

525 

5-10                 - 

281 

10-25                      -- 

471 

25-50                   

349 

50-100      

305 

100-500      

310 

500-1,000 

44 

1,000-5,000    

2 
...... 

21 

5,000  and  over                                                                              -  . 

3 

Total                 -                 

1,013 

150 

2,309 

BASIC  TABLES 

Tables  are  continued  in  the  following  pages  exhibiting  in  greater 
detail  information  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  1913-1936  and  certain  tax  provisions  of  the  National  Industrial 
Recovery  Act  (1933);  also  the  special  excise  tax  under  the  Act  of 
August  5,  1909,"  on  pages  195-200. 
Respectfully, 

Guy  T.  Helvering, 
Commissioner  oj  Internal  Revenue. 

Hon,  John  W.  Hanes, 

Acting  Secretary  of  the  Treasury. 


BASIC  TABLES 


CORPORATION  INCOME 
AND  EXCESS-PROFITS  TAX  RETURNS 


69 


60 


STATISTICS    OF    INCOME 


Table   1. — Corporations,  1936,  by  States  and  Territories:  number  of  returns,  gross 
excess-profits  tax  and  total  tax,  for  returns  with  net  income  and 

[Money  figures  in 

[For  text  defining  certain  items  and  de 


States  and  Territories 


Total 
number 
of  returns 


Returns  with  net  income  ' 


Number 


Gross  in- 
come 2 


Deduc- 
tions 2 


Net  in- 
come I 


Normal 
tax  3 


Alabama... 

Alaska 

Arizona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

District  of  Columbia. 

Florida 

Georgia 

Ilawaii 

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 


617 
209 
531 
530 
999 
403 
219 
224 
818 
8R6 
721 
818 
150 
923 
551 
227 
637 
158 
541 
810 
326 
047 
202 
133 
372 
467 
822 
394 
929 
447 
647 
079 
983 
827 
603 
640 
701 
635 
829 
591 
557 
515 
212 
977 
810 
219 
846 
227 
490 
793 
247 


Total 530,779 


1,618 

92 

554 

1,291 

10,258 

2,300 

3,407 

1,598 

1,  333 
3.456 
2,880 

533 

780 

14,708 

5,  487 
3.551 
2.312 
2.547 

2,  805 
1,3,58 
2,  653 
8,756 
7,347 
4.  520 
1,196 

6,  486 
1,048 
1,940 

299 

624 
7,138 

466 

34,  .546 

3,202 

743 
12,  603 
2,318 
2.023 
10.  824 
1,310 
1,689 

810 
2,582 
7,170 
1,091 

507 
3,282 
3,894 
2,246 
6,427 

553 


427, 

9, 

113 

238, 

5,007 

611 

1.  626, 

1,  463, 

451, 

533 

860, 

261 

122 

11.910 

1,  670 
959 
678, 
947, 
898, 
297, 

1,327 
4,  327, 
8,508 

2,  090 
224, 

2,  884' 
164, 
473, 
222 
159, 

2,  730 

67 

25, 140 

1,295 
70 

7,  267, 

1,143 
469, 

7,  605, 

5.56 

414 

87 

860 

2.822 
232 
111 
909 
883 
640 

1,  935, 
48 


402,  257 
8, 125 
107, 052 
235, 060 
4,  500,  438 
550,  388 

1,  482,  926 
972,  317 
405,  515 
492,211 
796,  456 
214,  343 
112,216 

11,117,155 

1,541,904 

909,  704 

635,  411 

879,  761 

835,  721 

27,5,  255 

1,202,860 

3,  976,  700 

7,  787,  665 

1,966,910 

211,965 

2,  661,  244 
154,353 
440,  ,504 
211,128 
148,  346 

2,  357,  223 

63, 160 

22,  449,  266 

1,191,911 
67,  453 

6,  682. 047 

1,  062.  421 
444.  266 

6,931,138 

516,  736 

391,836 

84,  201 

807,  292 

2,  608,  900 
216.289 
104.  .587 
814.233 
819.  ,344 
587.  096 

1,  814.  795 
45.  430 


2.5,  291 

916 

6,478 

13,313 

507,  369 

60,  733 

143,  740 

490,  945 

46,  287 
40,  840 
63,  953 

47,  421 
10,  373 

79.3, 017 
128,  287 
50.  225 
42.  674 
67.  875 

62,  750 
22, 357 

124,  717 

350,  995 

720,  735 

123,  ,540 
12, 137 

222.  864 
10,  609 
32.  674 
11.789 
10,716 

373,  429 

4,217 

,690,816 

103,  821 
2,680 

585.  888 
81.217 
24.911 

674.  798 

40,184 

22,  920 

3,410 

.53,  267 

213,131 

16,  .532 

6.601 

94.  794 

63.  898 
53.  126 

120, 224 
2,757 


3,123 
101 

747 

1,521 

53,  999 

7,147 

17.368 

31.355 

5,079 

4,071 

7,736 

4,927 

1,  2.59 

95.  268 
16,  127 

6,089 
4,990 
8,795 
7,154 
2,338 
12,  .548 
38. 072 

96.  602 

12,  871 
1.439 

28.  062 

1.230 

4.181 

920 

1,280 

34,  611 

448 

260,  456 

13,  7.57 
283 

70,  094 
9.891 
2.931 

72,  432 

4,644 

2,875 

378 

6,755 

2,5,  910 

1,  7.50 

815 

12. 134 
6.  919 
6.  172 

14,  861 
276 


203, 161 


104,  763,  755 


95,  285,  514 


9,  478, 241 


1, 024,  793 


>  The  classification  of  returns  "with  net  income"  and  "with  no  net  income"  is  based  on  the  amount  of 
net  income  for  income  tax  computation  (item  29,  p.  2  of  retiim) .  Unlike  former  years,  net  income  for  income 
tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under 
Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain  Government 
obligations,  which  is  subjsct  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  contributions  or  ttifts 
limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  sjifts)  and  excess-profits  tax  (item  28, 
p.  2  of  return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income  for  excess-profits 
tax  computation  (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above-mentioned  divi- 
dends received  and  interest  received  on  certain  Government  obli'rations,  and  excludes  the  above-mentioned 
contributions  or  gifts.  The  amount  of  "net  income"  or  "deficit"  equals  the  difference  between  "total 
income"  and  "total  deductions"  (items  14  and  26,  respectively,  p.  2  of  return)  and  also  between  "gross 
income"  and  "deductions"  in  this  table. 


STATISTICS    OF   INCOME 


61 


income,  deductions,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits, 
with  no  net  income;  also  number  of  returns  of  inactive  corporations 

thousands  of  dollars] 

scribing  returns  included,  see  pp.  1-7] 


Returns  with  net  income  1—000. 

Returns  with  no  net  income  ' 

Number  of 
returns  of 

Surtax  on 
undistrib- 
uted profits 

Excess- 
profits 
tax< 

Total  tax 

Number 

Gross  in- 
come 3 

Deduc- 
tions ' 

Deficit  I 

inactive 
corpora- 
tions 

684 

225 

3,932 

1,687 

131,826 

140,  563 

8,736 

312 

1 

Ifi 

13 

131 

89 

3,156 

3,532 

376 

28 

2 

77 

57 

881 

676 

38,713 

41,  757 

3,044 

301 

3 

197 

112 

1.830 

1,051 

69,  047 

72,  363 

3,316 

188 

4 

6,832 

1,284 

62, 115 

11,851 

1, 106,  527 

1,  209,  303 

102,  776 

2,890 

5 

898 

310 

8,354 

3,012 

185,  305 

204,  568 

19,  263 

1,151 

6 

2,267 

398 

20,033 

5,248 

574,  765 

622, 171 

47,  405 

564 

7 

5,553 

275 

37, 183 

1,196 

114,951 

138,  005 

23,  054 

430 

8 

738 

113 

5,930 

1,279 

236, 683 

244,  555 

7,872 

206 

9 

910 

278 

S,259 

4,923 

211,  325 

235,  429 

24, 105 

1,487 

10 

754 

247 

8,737 

2,535 

191,617 

202,  683 

11,  066 

306 

11 

608 

56 

5,591 

253 

20,  395 

22.  781 

2,386 

32 

12 

64 

74 

1,397 

747 

35,  490 

43, 198 

7,707 

623 

13 

18,  473 

2,167 

115, 908 

17,  592 

2, 462,  778 

2,  664, 981 

202,  203 

3,623 

14 

2,763 

638 

19,  528 

5,442 

334, 468 

361,  394 

26, 926 

1,622 

15 

763 

169 

7,021 

3,215 

199, 675 

218,  321 

18,  646 

1.461 

16 

551 

114 

5,655 

2,042 

216, 199 

228,  312 

12,113 

283 

17 

1,465 

297 

10,  557 

2,215 

137,846 

151. 187 

13,  342 

396 

18 

893 

300 

8,347 

3,113 

182,  928 

204.  594 

21,  666 

623 

19 

415 

75 

2,828 

2,038 

180, 114 

191.932 

11,817 

414 

20 

1,726 

250 

14,  524 

2,971 

265,  758 

298.418 

32,  660 

702 

21 

5.029 

837 

43, 938 

11,957 

1,  356,  513 

1. 479. 165 

122,  652 

1,334 

22 

10,  754 

1,801 

109, 1.58 

7,131 

774,  621 

842,  619 

67,  998 

1,724 

23 

1,952 

417 

15,  241 

4,937 

500, 172 

542,  330 

42, 158 

1,676 

24 

217 

198 

1,854 

1,013 

58,  018 

62, 936 

4,918 

163 

25 

2,845 

811 

31,719 

7,356 

945,  625 

1,  016,  071 

70,  446 

1,625 

26 

255 

61 

1,546 

1,428 

50,  960 

55,  414 

4,454 

346 

27 

443 

126 

4,750 

2,074 

119,615 

130.  372 

10,  756 

380 

28 

74 

45 

1,039 

397 

16,  426 

18.  379 

1,953 

233 

29 

208 

49 

1,538 

777 

66.  089 

72. 098 

6,009 

46 

30 

6,925 

405 

41,941 

17, 356 

1,  348,  464 

1.  474. 082 

125,  619 

2,153 

31 

58 

36 

542 

450 

14,  212 

15.  684 

1,472 

163 

32 

31, 140 

2,910 

294,  505 

76, 875 

8,  762,  262 

9.  353.  701 

591,  439 

9,562 

33 

1,312 

233 

15,302 

2,515 

173,  374 

181.838 

8,464 

310 

34 

51 

14 

349 

1,356 

36,  035 

38.  693 

2,  659 

504 

35 

11,387 

1,411 

82,  892 

12, 478 

1,  239, 192 

1,  333, 422 

94,231 

1,559 

36 

964 

158 

11,013 

2,875 

272,  346 

304,  254 

31,908 

508 

37 

589 

154 

3,674 

2,813 

180,  964 

194, 425 

13,461 

799 

38 

10, 052 

1,349 

83,  833 

14,  230 

2,  415,  908 

2,  574,  065 

158, 157 

2,775 

39 

865 

158 

5,666 

1,994 

229, 036 

238,517 

9,481 

287 

40 

669 

166 

3,709 

1,568 

86,  290 

92,  582 

6,292 

300 

41 

42 

28 

448 

1,285 

40,  234 

42,  566 

2,332 

420 

42 

1,113 

338 

8,206 

2,274 

161,954 

174,  376 

12, 422 

356 

43 

3,352 

878 

30, 140 

7,340 

536,  298 

587, 022 

50,  724 

1,467 

44 

210 

55 

2,015 

1,249 

59, 133 

65,  121 

5,988 

470 

45 

149 

43 

1,007 

652 

49,914 

53,  866 

3,953 

60 

46 

2,153 

252 

14,  539 

3,100 

216, 083 

241,155 

25,  072 

464 

47 

799 

253 

7,971 

5,319 

279,  851 

301. 123 

21,  271 

2,014 

48 

973 

294 

7,439 

1,975 

150,  628 

1.59.  984 

9,356 

269 

49 

3,777 

669 

19, 308 

7,177 

453, 980 

498,  048 

44, 068 

2,189 

50 

67 

13 

357 

570 

20,  417 

22.  246 

1,829 

124 

51 

144, 972 

21,  613 

1, 191,  378 

275,  696 

27,  514. 178 

29,  666,  202 

2, 152, 024 

51,922 

2  "Gross  income"  and  "deductions"  correspond  to  "total  income"  and  "total  deductions"  (items  14  and  26, 
respectively,  p.  2  of  return)  plus,  in  each  instance,  "cost  of  goods  sold"  and  "cost  of  operations"  (items  2 
and  5,  p.  2  of  return).  Unlike  former  years,  "gross  income"  includes  interest  received  on  certain  Govern- 
ment obligations,  which  is  subject  to  excess-profits  tax  (item  8.  p.  2  of  return),  and  "deductions"  include 
contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and 
exclude  dividends  received  on  stock  of  domestic  corporations  (item  12  (a),  p.  2  of  return). 

3  Includes  the  following  amounts:  Income  tax  of  $59,289,827,  reported  on  returns  with  fiscal  year  ended 
prior  to  Dec.  31, 1936  (and  returns  with  part  year  which  began  in  1935);  graduated  normal  tax  of  $930,438,197, 
and  flat  normal  tax  of  $35,064,914  for  corporations  exempt  from  the  graduated  rates,  reported  on  returns 
for  the  calendar  year  1936  and  for  fiscal  year  or  part  year  ended  in  period  January  thr?uso  June  1937. 

*  Corresponds  to  item  28,  p.  2  of  return.  To  secure  the  "net  income  for  income  tax  computation"  (item 
29,  p.  2  of  return)  this  amount  of  excess-profits  tax  is  subtracted  from  the  "net  income  for  excess-profits  tax 
•computation"  (item  27,  p.  2  of  return). 


114338—39- 


62 


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STATISTICS    OF    INCOME 


Table  3. — Corporations,  1936,  by  major  industrial  groups:  number  of  returns, 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  total  tax, 
with  no  net  income 

[Money  figures  in 

[For  text  defining  certain  items  and  describing 

PART  I.  ALL 


Industrial  groups 

Aggregate 

Agricul- 
ture and 
related 
industries 

Mining 

and 

quarrying 

Manufacturing 

Total 
manufac- 
turing 

Food 

and 

kindred 

products 

1 

Nuinber  of  returns  ..      -  . 

478. 857 

8.945 

13,788 

92, 030 

12, 261 

Receipts,  taxable  income: 

Gross  sales  ' .- 

f. 

100, 585, 887 

22,886,173 

2, 543, 148 

1,517,573 

581, 185 

2, 676, 598 

1, 207,  743 

279, 628 
444, 669 

581,806 
97,  576 

4,324 
12, 267 

4,074 
13, 040 

11,703 

960 
394 

2, 603, 083 
295, 227 
12, 794 
26,  494 
22, 424 
68,022 

36,  429 

3,022 
3,093 

54,  985, 494 
748, 960 
123,  447 
114,038 
49, 863 
545, 577 

369, 134 

18,317 
22, 508 

10,173,717 
82, 766 
11,246 
14, 449 
4,646 
48, 376 

53,311 

1,580 
1,708 

3 
4 

Gross  receipts  from  operations  ' 

Interest 

.1 

Rents 

6 

Net  capital  gain 

7 
8 

Dividends  from  domestic  corpora- 

tions.3 
Other  receipts-..  . 

9 

in 

Receipts,   tax-exempt  and  taxable  in- 
come: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  * 

Wholly  tax-exempt « 

Total  compiled  receipts  ' 

Deductions: 

Cost  of  goods  sold  " 

11 

132,  722, 602 

726, 143 

3, 070,  588 

56, 977,  336 

10,391,799 

12 

78,023,107 
10,859,118 
2,712,589 
1, 529, 991 
901,433 
3, 080, 723 
2,957,986 

29, 968 

3,  286, 426 

437, 028 

142, 432 

20, 990, 915 

407, 709 
34,214 
22, 022 
16,  275 
5.467 
19,  777 
22, 578 

353 

33,  227 

6,391 

3,896 

120,711 

1,712,325 
133, 276 
48,  725 
12,  679 
13,131 
66,818 
105, 697 

749 

168, 125 

227, 358 

4,239 

398, 470 

41, 492, 275 
336, 664 
951,161 
282, 472 
204, 297 
337, 254 
1, 039, 562 

12, 903 

1, 303,  660 

179, 293 

11,580 
7, 102, 167 

8,432,982 
34,880 
101,055 
37,081 
24,097 
42,845 
83, 049 

1,776 

139, 142 

270 

1,478 

1,111,613 

13 

Cost  of  operations  s.. 

14 

Compensation  of  ofTicers. 

15 
16 

Rent  paid  on  business  property 

Bad  debts 

17 

Interest  paid ... 

18 
19 

Taxes  paid,  other  than  income  and 

excess-profits  taxes." 
Contributions  or  gifts  '" 

?.U 

Depreciation 

21 

Depletion.  .  . 

22 

Net  capital  loss  11.. 

23 

Other  deductions... 

Total  compiled  deductions  '2 

Compiled  net  profit  or  net  loss  12  (11  less 

24). 
Net  income  or  deficit"  (25  less  10) 

Normal  tax".   

24 

124,951,715 

692, 619 

2,891,593 

53,253,289 

10,010,269 

25 
26 

7,  770, 887 
7, 326,  218 

33,  524 
33, 130 

178, 995 
175, 902 

3, 724, 047 
3, 701, 539 

381,530 
379,822 

27 

1,024,793 
144. 972 
21,613 

7,666 
989 
328 

35, 083 

3,025 

504 

521,125 
75,  243 
11,294 

53, 544 
5,221 
1,310 

28 

Surtax  on  undistributed  profits 

29 

Excess-profits  tax 

Total  tax 

30 

1,191,378 

8,983 

38, 612 

607, 662 

60,076 

Compiled  net  profit  less  total  tax  (25  less 

30). 
Cash  dividends  paid 

31 
32 

6,  579, 509 

7,  379, 333 
344, 972 

24, 541 

57, 098 
1,417 

140, 383 

283, 102 
2,943 

3, 116, 385 

2, 950, 346 
218, 201 

321,454 

311,946 
17, 093 

83 

Stock  dividends  paid . 

For  footnotes,  see  pp.  80-81. 


STATISTICS    OF   INCOME 


71 


compiled  receipts  and  compiled  deductions,  compiled  net  profit  or  net  loss,  net  income 
and  dividends  paid,  for  returns  in  the  aggregate  and  for  those  with  net  income  and 


thonsands  of  dollars] 

returns  included,  see  pp.  1-8,  22-23] 
RETURNS 


Industrial  groups— Continued 

Manufacturing 

—Continued 

Liquors  and 
beverages 
(alcobolic 
and  non- 
alcoholic) 

Tobacco 
products 

Textile 

mill 
products 

Clothing 

and 
apparel 

Leather  and 
its  manu- 
factures 

Rubber 
products 

Forest 
products 

Paper, 
pulp,  and 
products 

3,061 

364 

7.685 

8,088 

2,344 

589 

6,505 

2,288 

] 

1,  626, 966 
11,  239 
2,630 
3,721 
782 
16.031 

10, 059 

312 
398 

1, 197, 960 

2,137 

992 

746 

660 

8,659 

3,044 

1,406 

278 

4, 393,  245 
52. 143 

6.118 
11,140 

4,143 
10, 090 

32,  569 

1  691 
1.799 

2.  217.  731 

47, 979 

1,442 

1,738 

415 

1,736 

11,358 

356 
129 

1,  264,  254 
5,558 
1,793 
1,395 
329 
1,891 

7,556 

97 
273 

946,  917 

2.336 

3,  899 

565 

443 

3,905 

3,676 

121 
119 

1. 683. 807 
27,  228 
4  485 
6.195 
4.212 
8,147 

13,  743 

440 
479 

1,  677, 295 
9,633 
7,645 
4,  692 
2,472 
15. 051 

11. 254 

737 
611 

3 
i 
t 
i 
1 
i 
S 

{ 
1( 

1, 672, 138 

1, 215, 884 

4, 512. 938 

2,  282, 884 

1, 283, 145 

961, 982 

1, 748, 737 

1, 729.  289 

11 

924, 079 
3,033 
30, 192 
4,982 
8,679 
10, 634 
233, 419 

393 

33,011 

18 

371 

260,  240 

880, 137 
1,332 
6,507 
1, 666 
1,997 
4,156 
76, 053 

228 
6,680 

3,599,110 
29,  701 
89,  636 
16,  779 
8.822 
26, 079 
53,  441 

645 

104, 499 

27 

1,363 

403. 187 

1,813,900 
37, 608 
77, 851 
25,  285 
7,194 
6,339 
12, 008 

288 

10.  017 

13 

463 

249, 490 

1,052,177 
2,588 
27, 999 
8,132 
9,215 
5,158 
10.  235 

131 

12,  228 

73 

217 

118,345 

673.  426 
560 
9.284 
3,566 
3.308 
8,566 
36. 314 

111 
20. 463 
(") 

72 
154. 604 

1,  284,  394 
15,  455 
49,  601 
8,561 
14,  058 
18,  389 

27,  045 

321 
43, 859 

28,  501 
1,147 

208, 034 

1.  209, 792 
3,244 
37,  579 
11.584 
7.074 
21.  092 
24.837 

560 

59, 265 

2,666 

275 

243,  290 

IS 
13 
14 
15 
1« 
17 
18 

Ifl 
20 
21 

44 
110, 036 

22 
23 

1,  509, 051 

1, 088, 836 

4,  333,  290 

2.  240. 455 

1, 246, 497 

910,  275 

1,  699,  366 

1,  621,  248 

24 

163,  087 
162,  689 

127, 048 
126,  770 

179, 648 
177, 849 

42. 429 
42.  300 

36,  648 
36.  375 

51,  707 
51.  588 

49.  370 
48, 891 

108, 041 
107. 530 

25 
26 

23, 074 

5,080 

649 

17, 825 
538 
69 

29, 697 

5,476 
863 

7,219 

1,226 

232 

6,683 
974 
134 

7,377 

1,143 

119 

10,  771 

1.927 

559 

16,  367 

2.986 

276 

27 
28 
29 

28. 803 

18. 432 

36, 036 

8,677 

7,791 

8,639 

13, 257 

19, 630 

30 

134,  284 

99. 872 
12,  339 

108,  616 

108, 029 

878 

143,  612 

132,012 
5,327 

33, 752 

28,  392 
3,192 

28, 857 

29,877 
1,220 

43, 068 

40,890 
618 

36, 113 

62, 081 
3,544 

88,411 

76,  345 
4,939 

31 

32 
33 

72 


STATISTICS   OF   INCOME 


Table  3. — Corporations,  1936,  by  major  industrial  groups:  number  of  returns, 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  total  tax, 
with  no  net  income — Continued 

[Money  figures  in 
PART  I.  ALL 


Number  of  returns 

Receipts,  taxable  income: 

Gross  sales  '.. 

Gross  receipts  from  operations  2 

Interest - - 

Rents -. 

Net  capital  gain 

Dividends  from  domestic  corpora- 
tions 3 

Other  receipts,-- 

Receipts,   tax-exempt  and  taxable  in- 
come; 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  « 

Wholly  tax-exempt ' 

Total  compiled  receipts  ' 

Deductions: 

Cost  of  goods  sold  ' 

Cost  of  operations  ' -- 

Compensation  of  ofHcers 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid-- - 

Taxes  paid,  other  than  income  and 

excess-profits  taxes  ' - -. 

Contribution  or  gifts  i" 

Depreciation --- 

Depletion 

Net  capital  loss  " 

Other  deductions 

Total  compiled  deductions  " , 

Compiled  net  profit  or  net  loss  '2  (11  less 
24) - 

Net  income  or  deficit"  (25  less  10) 

Normal  tax  » - - - 

Surtax  on  undistributed  profits -.. 

Excess-profits  tax - , 

Total  tax 

Compiled  net  profit  less  total  tax  (25 

less  30)- - 

Cash  dividends  paid 

Stock  dividends  paid 


Industrial  groups— Continued 


Manufacturing — Continued 


Printing, 
publishing, 
and  allied 
industries 


12,  280 


2, 027, 043 

138, 270 

5,063 

12, 072 

4,244 

27, 056 

17,  987 


1,465 
1,545 


2,  234,  745 


1,  314,  827 
72,  416 
106, 924 
34, 846 
18,  281 
19, 038 

31, 674 

1,248 

47,053 

54 

780 

426, 061 


2, 073,  200 


161,  544 
160, 000 


23,307 

4,064 

452 


27, 822 


133,  722 

132,  041 

6,426 


Chemi- 
cals and 

allied 
products 


6,811 


3,  757, 875 

24, 885 

7,753 

6,899 

4,700 

96, 848 
24,  790 


1,208 
4,021 


3, 928,  979 


2, 470, 639 

7,575 
68,  744 
16, 848 
15, 995 
21, 048 

79,  506 

934 

94, 140 

3,682 

1,000 

684,  337 


3,  464,  449 


464,  530 
460,  509 


57, 408 
6,671 
1,063 


65, 142 


399, 389 

354,  983 

11,878 


Petro- 
leum and 

other 
mineral 

oil 
products 


746 


4,  246, 237 

172, 864 

14, 163 

19, 954 

3,202 

118,866 
29,  610 


551 
468 


4,  605, 905 


3,  066,  508 
85, 125 
10,  328 
32, 804 
10, 125 
30,  675 

115,719 
521 

213,  964 

127,  343 
239 

708,  578 


4, 401, 930 


203, 975 
203,  517 


20,  723 

2,895 

53 


180, 304 
314,251 
120,889 


Stone, 
clay,  and 

glass 
products 


3,796 


1, 330, 601 
13, 967 
3,427 
3,029 

1,748 

16,  664 
10,  319 


780 


1, 381,  522 


878,  501 
6,190 

32,  409 
5,463 
7,137 

12, 142 

20,  990 

657 

51,  986 

8,731 

401 

211,227 


1,  235, 833 


145, 689 
144. 909 


21, 187 

2,813 

507 


24,  507 


121, 182 

114,716 

3,246 


MetJ^l 
and  its 
products 


19, 030 


12, 150,  373 

136, 752 

41,  628 

18,  931 

10, 155 

107,  063 
99,  587 


5,394 
7,426 


12, 577,  308 


8, 826, 193 
31,915 
239,  984 
57,  599 
53,  562 
97,  819 

181,716 

3,351 

371,476 

7,147 

3,300 

1,  656, 815 


11,  530, 878 


1,046,431 
1, 039,  005 


147,  102 
24,  552 
3,777 


175, 431 


871, 000 
722,  263 
23,  605 


For  footnotes  see  pp.  80-81. 


STATISTICS    OF   INCOME 


73 


compiled  receipts  and  compiled  deductions,  compiled  net  profit  or  net  loss,  net  income 
and  dividends  paid,  for  returns  in  the  aggregate  and  for  those  with  net  income  and 

thonsands  of  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 

Motor 
■cehinles, 
complete 
or  parts 

Manufac- 
turing not 
elsewhere 
classified 

757 

5,425 

16,  645 

24,853 

146.  520 

59,703 

115,694 

1,679 

1 

4,  697, 119 
5,414 
6,447 
4,755 
5,095 

38,381 
26,  078 

930 
2,137 

1,694,353 
15, 787 
4,714 
3,757 
2,617 

26, 813 
14, 193 

1,041 

448 

822,474 

1, 144, 749 

5,111 

9,255 

6,730 

7.288 
16, 139 

763 
1,186 

41,  593, 030 

989,  690 

83,  604 

90,217 

17,207 

81,  233 
413, 452 

3.036 
6,212 

? 

12,  202, 609 

101,666 

94,  273 

14,  784 

341, 302 
51,864 

5,698 
10, 377 

4,  329, 002 

16, 084 

189,  770 

20, 501 

45,428 
47, 360 

849 
1,094 

18  3,071,792 

2, 196, 936 

981, 036 

445, 401 

1,  574,  644 
261, 170 

246, 975 
399,  794 

6,668 
191 
225 
202 

66 
493 

7 
12 

3 
4 
5 
6 

7 
8 

9 

10 

4. 786,  359 

1,  663,  722 

2, 013,  692 

12, 822,  563 

43,  277,  581 

4.  650, 087 

9,176,746 

7.864 

11 

3,  955. 264 

711 

13, 003 

5,787 

5,813 

6,974 

27, 047 

1,390 

62. 473 

550 

112 

283, 404 

1,110,346 
4,331 
50, 066 
11,489 
8,939 
6,301 

26, 509 
359 

33,  406 

217 

316 

272, 907 

666, 924 

879,  586 

101,488 

11, 938 

11,674 

12, 426 

17, 877 

372 

44,872 

341 

1,802 

226, 377 

33,743.874 
419.816 
862,  604 
649,  745 
198,  674 
143, 663 

298, 128 
6,416 

267, 143 

1,301 

8,552 

5,  748, 083 

1? 

6,681.818 
103,  610 
152,310 
31,  223 

1,291,378 

844, 154 

2,894 

937, 051 

18,  638 

4,610 

1,  721,  966 

1,  709, 846 

219,977 

250, 867 

40, 885 

258, 176 

228, 030 

1,994 

260,418 

342 

7,299 

1,  682,  231 

18  669. 487 

19  402, 160 
153,  289 
394,  712 
950,  345 

401, 659 
4,286 

271,  577 
3,462 

100, 149 
20  3, 987,  383 

4,412 
841 
415 

1,371 
886 

300 

1 
354 

1 

306 

3,5?7 

13 
14 
15 
16 
17 

18 
19 
20 
21 
22 
23 

4, 362,  527 

1,  525, 184 

1,975,677 

11,789,551 

42, 347, 999 

4, 660, 065 

20  7, 328,  509 

12,413 

24 

423, 831 
421.  694 

138. 638 
138, 090 

38, 015 
36, 831 

1.033.012 
1. 022. 635 

9^9,  582 
923, 370 

i«  9, 978 
16  11.071 

1, 848,  237 
1,  448,  444 

18  4, 549 
16  4,  561 

25 
26 

59, 700 

5,778 

696 

19, 143 

3,899 

534 

9,082 

2.030 

661 

164, 156 

8,516 

767 

143,  672 

26, 107 

4,868 

26, 028 

5,506 

912 

118,006 
24,  550 
2.286 

76 
7 
2 

27 
28 
29 

66, 174 

23, 676 

11,  773 

173,  428 

173, 546 

32.446 

144,842 

86 

30 

357, 658 

321, 922 

977 

114,962 

100.  725 

2,028 

26, 242 

50,285 

4,647 

859,  584 

1, 336,  408 

21, 480 

756, 036 
760,  786 
31, 829 

17  42, 424 

158,  676 

3,978 

1, 703, 396 

1,  792, 089 

60, 478 

1'  4. 634 
542 

31 
32 
33 

74 


STATISTICS    OF   INCOME 


Table  3. — Corporations,  1936,  by  major  industrial  groups:  Number  of  returns, 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  total  tax, 
with  no  net  income — Continued 

[Money  figures  in 
PART  II.  RETURNS 


Industrial  groups 


Aggregate 


Agricul- 
ture and 
related 
industries 


Mining 

and 

quarrying 


Manufacturing 


Total 
manufac- 
turing 


Food  and 
kindred 
products 


10 


Number  of  returns 

Receipts,  taxable  income: 

O  ross  sales  1 --- 

Gross  receipts  from  operations  ' 

Interest 

Rents,.- 

Net  capital  gain - 

Dividends  from  domestic  corpora- 
tions.' 

Other  receipts. -.. 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  * 

Wholly  tax  exempt ' 

Total  compiled  receipts ». 

Deductions: 

Cost  of  goods  sold  ' 

Cost  of  operations  '.. 

Compensation  of  officers 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and 
excess-profits  taxes.' 

Contributions  or  gifts  i" 

Depreciation... 

Depletion 

Net  capital  loss" 

Other  deductions. 

Total  compiled  deductions" 

Compiled  net  profit '2  (11  less  24) 

Net  income  i3  (25  less  10) 

Normal  tax'* 

Surtax  on  undistributed  profits 

Excess-profits  tax 

Total  tax 

Compiled  net  profit  less  total  tax  (25  less 
30). 

Cash  dividends  paid 

Stock  dividends  paid 


203, 161 


,971,345 
,  385, 996 
,  496,  757 
731, 088 
481,  771 
,  503, 922 

952, 426 


240, 451 
247, 938 


105,  Oil,  693 


63,  515, 315 
6,  628,  216 
1, 937,  790 
1,  061,  220 
482, 108 
1, 705,  593 
2, 101, 475 

26, 655 

2,342,115 

331, 864 

24, 056 

15, 129, 107 


95, 285,  514 


9, 726. 179 
9, 478,  241 


1, 024,  793 
144, 972 
21,613 


1, 191, 378 


8, 534, 801 


7, 179, 220 
335,  319 


2,920 


5,146 


45, 926 


6,233 


429, 095 
61,  299 
2,922 
7,753 
2,632 
11,359 

8,071 


861 
307 


1,  752,  720 

190,  728 

8,553 

14, 565 

15, 857 

61,881 

22,  727 


2,299 
2,753 


46, 766. 050 
518,  021 
105,  717 
89, 348 
40, 159 
526,  785 

310, 466 


17, 463 
21,  594 


8,  651, 863 
51,  082 

9,956 
11,245 

3,893 
46,  590 

47,944 


1,503 
1,641 


524,  299 


2, 072, 083 


48, 395,  592 


8,  825,  717 


293,  218 
14,  567 

12,  743 
13,487 

2,074 
6,863 

13,  450 

156 

22, 037 

2,638 

272 

76,  651 


1, 072,  676 
72,  854 
30,  371 
7,  588 
4,454 
27,  243 
70,  233 

667 
101,614 
164, 469 

593 
216,  520 


34,  738, 921 
196,  577 
741,119 
202, 519 
136,  289 
232,  939 
900, 767 

11,  958 

1, 042, 839 

146, 468 

4,899 

6, 946. 172 


7, 120, 408 
14, 339 
78, 183 
27,  780 
13,986 
30, 809 
72,  062 

1,292 

112,944 

236 

672 

933, 801 


458, 156 


1, 769,  282 


44, 301,  467 


8,406,511 


66, 143 
65,  837 


302, 801 
300,  048 


4,  094, 125 
4,072,531 


419,  206 
417,  565 


7,666 
989 
328 


35, 083 

3,025 

504 


521, 125 
75,  243 
11,  294 


53,  544 
5,221 
1,310 


,983 


38, 612 


607,  662 


60, 076 


57, 161 


64, 309 
1,375 


264, 189 


273, 043 

2,745 


3, 486, 463 

2,918,017 
212, 173 


359, 13u 


304,  072 
17, 063 


See  footnotes  at  end  of  table. 


STATISTICS    OF   INCOME 


75 


compiled  receipts  and  compiled  deductions,  compiled  net  profit  or  net  loss,  net  income 
and  dividends  paid,  for  returns  in  the  aggregate  and  for  those  with  net  income  and 


ihousands  of  dollars] 

WITH  NET  INCOME'S 


Industrial  groups— Continued 

Manufacturing- 

-Continued 

Liquors  and 
beverages 
(alcoholic 
and  non- 
alcoholic) 

Tobacco 
products 

Textile 

mill 
products 

Clothing 

and 
apparel 

Leather  and 
its  manu- 
factures 

Rubber 
products 

Forest 
products 

Paper, 
pulp,  and 
products 

1,767 

153 

3,903 

3,633 

1,200 

330 

3,145 

1,440 

1 

1, 432, 957 
9,166 
2,425 
3,268 
605 
16,015 

8,857 

286 
395 

1, 171, 140 

1,691 

984 

720 

650 

8,651 

2,930 

1,399 
267 

3,  508, 603 
34, 640 
5,115 
8,146 
2,979 
9,316 

26,  369 

1,604 
1,690 

1, 729, 940 

14, 971 

1,288 

1,370 

320 

1,706 

9,738 

334 

84 

1, 030, 142 
3,301 
1,248 
1,001 
222 
1,533 

6,181 

82 
225 

896, 833 

2,102 

3,792 

470 

400 

3,890 

3,401 

103 
114 

1, 248, 484 
16,  348 
3,032 
4,032 
2,986 
7,191 

9,273 

388 
396 

1,403,951 
6,514 
2,644 
3,698 
1,215 
9,544 

9,141 

709 
482 

2 
3 
4 
5 
6 
7 

8 

9 
10 

1, 473, 974 

1, 188,  433 

3, 598, 461 

1,  759, 750 

1, 043, 934 

911, 105 

1, 292, 130 

1, 437, 898 

11 

798, 707 
2,019 
25,  267 
3,535 
6,710 
8,247 

209, 835 

386 

26, 896 

16 

234 

215,  713 

859, 496 
1,063 
5,207 
1,466 
1,785 
4,022 
75,  654 

226 
6,318 

2, 818, 904 
18, 327 
67,  532 
10,  778 
5,708 
15.  957 
41,401 

569 

78, 453 

13 

407 

316,819 

1, 401, 450 
10,  714 
54,991 
16,  799 
4,923 
4,655 
9,935 

255 

7,744 

9 

153 

191,695 

844, 197 
979 
20, 922 
6,102 
2,528 
3,535 
8,524 

123 

9,646 

11 

100 

96, 394 

634,476 
466 
7,963 
3,148 
2,733 
8,176 
34,851 

111 
18,441 

(15) 

55 
145, 800 

930, 075 
8,394 

35, 475 
5,607 
6,672 
9,071 

18, 995 

268 
29,  506 
19,  378 

328 
141, 126 

988, 596 
2,464 
31,190 
7,506 
4,873 
11,904 
19,844 

537 

48, 632 

1,638 

164 

196, 720 

12 
13 

14 
15 
16 
17 
18 

19 
20 
''1 

16 
104,945 

22 
23 

1, 297, 566 

1, 060, 198 

3, 374, 868 

1,  703, 322 

993, 062 

856,  220 

1, 204, 893 

1,314,070 

24 

176,408 
176,013 

128, 234 
127,  968 

223, 594 
221, 904 

56, 428 
56,  344 

50, 872 
50,  647 

54,885 
54,  771 

87, 237 
86, 841 

123, 828 
123, 346 

25 
26 

23, 074 

5,080 

649 

17,  825 
538 
69 

29,  697 

5,476 

863 

7,219 

1,226 

232 

6,683 
974 
134 

7,377 

1,143 

119 

10,  771 

1,927 

559 

16, 367 

2,986 

276 

27 
28 
29 

28, 803 

18, 432 

36, 036 

8,677 

7,791 

8,639 

13, 257 

19,  630 

30 

147,  605 

99,  752 
8,  559 

109, 803 

107,  946 

878 

187,  557 

128,  547 
5,327 

47,  751 

28,  210 
3,112 

43, 081 

29, 274 
1,220 

46,  246 

40,646 
618 

73, 980 

58, 177 
3,345 

104, 198 

75, 663 
4,919 

31 

32 
33 

76 


STATISTICS   OF   INCOME 


Table  3. — Corporations,  1936,  by  major  industrial  groups:  number  of  returns,. 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  total  taXy 
with  no  net  income — Continued 

[Money  figures  in- 

PART  II.  RETURNS  WITH 


Number  of  returns. 


Receipts,  taxable  income: 

Gross  sales  ' - 

Gross  receipts  from  operations  ^ 

Interest 

Rents -.- 

Net  capital  gain.. 

Dividends  from  domestic  corpora- 
tions 3 

Other  receipts 

Receipts,  tax-exempt  and  taxable  in- 
income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  * 

Wholly  tax-exempt  * 


Industrial  groups— Continued 


Manufacturing— Continued 


Printing, 
publishing, 
and  allied 
industries 


Total  compiled  receipts  «. 


Deductions: 

Cost  of  goods  sold  '. 

Cost  of  operations  8_-_ 

Compensation  of  officers 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and 

excess-profits  taxes  • 

Contributions  or  g,ifts  i" 

Depreciation 

Depletion 

Net  capital  loss  H— 

Other  deductions 


Total  compiled  deductions  ". 

Compiled  net  profit  '2  (11  less  24)... 
Net  income  '3  (25  less  10) 


Normal  tax  '< 

Surta,x  on  undistributed  profits. 
Excess-profits  tax 


Total  tax. 


Compiled  net  profit  less  total  tax  (25  less 

3&) 

Cash  dividends  paid 

Stock  dividends  paid 


5,469 


1, 648, 793 
82, 394 

4,509 
10, 089 

3,570 

26,  604 
14,914 


1,439 
1,516 


1,  793,  827 


1, 035,  273 
38, 995 
75,  767 
24, 867 
12,  326 
12,847 

27, 335 

1,173 

35, 797 

29 

502 

338, 925 


1,  603,  836 


189,  990 

188,  475 


23,307 

4,064 

452 


Chemi- 
cals and 

allied 
products 


3,303 


3, 490, 953 

20, 372 

7,334 

5,886 

4,392 

95,915 
23,  232 


1,184 
3,953 


3,  653,  222 


2,  279,  079 
4,868 
57,  851 
14,  332 
11,557 
17,  370 

70,  626 

902 

86, 037 

3,181 

335 

623, 851 


3, 169,  991 


483,  231 
479,  278 


27, 822 


162,168 

131,226 

5,091 


57,  408 
6,671 
1,063 


Petro- 
leum and 

other 
mineral 

oil 
products 


357 


3,  405,  675 

138,  492 

13, 064 

16, 658 

2,439 

116,748 
23, 359 


450 
450 


3,  717,  335 


2, 432,  514 
70,  442 

8,107 
24, 048 

8,636 
18,  471 

97,  887 
483 
169, 347 
106,  266 
195 
555,  862 


3, 492,  258 


65, 142 


418, 090 

353, 154 

11,846 


20,  723 

2,895 
53 


23,  671 


201, 407 
307,  709 
120, 889 


Stone, 
clay,  and 

glass 
products 


1,781 


1, 154,  763 
9,984 
2,983 
2,000 
1,275 

16,  088 
8,803 


921 
720 


1, 197,  536 


743, 858 
3,810 
24,  683 
4,033 
5, 375 
7,551 

17,  217 

640 

41,909 

8,473 

194 

177,  560 


1, 035,  301 


162,  235 
161,516 


21, 187 

2,813 

507 


24,507 


137,  728 

113.641 

3,001 


Metal 
and  its 
products 


10,  467 


10, 139,  671 

112,853 

37,  735 

13,  578 

8,907 

103,  651 
79,  708 


5,153 
7,174 


10,  508,  432 


7, 140,  588 
17,  394 
198, 918 
39,  700 
38,  673 
70, 860 

150,  670 

3,265 

288, 416 

6,523 

1,346 

1,  430,  986 


9, 387, 337 


1,121,094 
1,113,920 

147, 102 

24, 552 

3,777 


175, 431 


945,  664 

718,  382 

23,  371 


For  footnotes  see  pp.  80-81. 


STATISTICS   OF   INCOME 


77 


compiled  receipts  and  compiled  deductions,  compiled  net  profit  or  net  loss,  net  income 
and  dividends  paid,  for  returns  in  the  aggregate  and  for  those  with  net  income  and 


thousands  of  dollars] 

NET  INCOME  13— 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 

Motor 
vehicles, 
complete 
or  parts 

Manufac- 
turing not 
elsewhere 
classified 

367 

2,378 

6,202 

11,196 

69,  263 

18, 445 

43, 866 

197 

1 

4,  537,  719 
4,756 
5,846 
4,387 
4,857 

38, 001 
24, 655 

883 
2,090 

1, 314,  562 
9,355 
3,761 
2,801 
1,448 

25, 343 
11,949 

1,026 
399 

489,005 

791,516 

3,011 

4,157 

4,217 

5,420 
11,057 

624 
751 

33,534,475 

695,  729 

71, 899 

65,  281 

13,  793 

77,888 
348, 961 

2,690 
5,925 

8,  259,  989 
69,  203 
64,932 
9,891 

312, 967 
34,  858 

5,067 
8,952 

2, 417,  877 

6,683 

53, 084 

9,862 

34,  454 
23, 151 

469 

638 

>8  2, 448, 856 

1,  228,  668 

431, 920 

385, 217 

1, 473, 147 
192, 826 

210, 973 
207, 010 

1,981 
101 

48 
142 

31 
322 

4 
9 

3 
4 
5 
6 

7 
8 

9 
10 

4,  623, 195 

1,  370,  644 

1, 309, 754 

8,  765,  849 

34,  816, 642 

2, 546,  218 

6, 578,  616 

2,639 

11 

3,  814, 940 
492 
11,073 
4,793 
5,078 
5,  394 

24,  795 

1,384 

67,  644 

545 

31 

261,  587 

896,  360 
1,811 
37,  990 
8,023 
4,727 
4,070 

21, 137 
346 

25,  110 

150 

166 

214, 388 

387,  238 

589, 008 

62,  726 

6,351 

5,503 

5,750 

11,349 
295 

28,  536 

261 

439 

137,  412 

27, 023,  264 
267,  449 
613,  766 
483,  875 
131,  746 
102, 858 

236,  434 

5,862 

200,  265 

732 

3,573 

4, 604, 474 

19 

4, 076,  291 

67,  773 

113,315 

19, 194 

721, 587 

586,  245 

2,600 

729,  743 

15,  495 

745 

1,047,390 

957,  563 
128, 159 
132, 103 
10,  624 
52, 432 

73,  331 

1,404 

92,  335 

92 

744 

864,  629 

'8  452,830 

IS  280, 868 

101,  958 

172,  214 

555, 902 

209, 632 

3,713 

124,  668 

1,709 

12,  789 

so  2,  235,  385 

1,076 

264 

25 

9 

19 

33 

(15) 

78 

(15) 

2 
475 

13 
14 
15 
16 
17 

18 
19 
20 
21 
22 
23 

4,  187,  756 

1,  214,  278 

1,  234, 867 

7,  380,  377 

33,  674,  298 

2,  313, 416 

2»  4, 151,  669 

1,982 

24 

435,  439 
433, 348 

156,  366 
155, 967 

74,887 
74, 136 

1, 385,  472 
1,  376, 520 

1, 142,  344 
1, 136,  419 

232, 802 
232, 164 

2,426,948 
2,  219, 938 

657 
648 

25 
26 

59,  700 

5,778 

696 

19, 143 

3,899 

534 

9,082 

2,030 

661 

164,  155 

8,516 

757 

143,  572 
25, 107 

4,868 

26, 028 

5,506 

912 

118,006 
24,550 
2,286 

76 
7 
2 

27 
28 
29 

66, 174 

23,  576 

11,  773 

173, 428 

173,  546 

32,446 

144,842 

86 

30 

369,  265 

321,  768 

977 

132,  791 

99, 851 

1,958 

63, 114 
47, 717 
4,297 

1,  212. 044 

1,  290,  722 

21,460 

968,  798 
740,  705 
30, 982 

200,  356 

150,  970 

3,497 

2, 282, 106 

1,  703,  315 

58,  789 

572 
422 

31 
32 
33 

114338—39 6 


78 


STATISTICS    OF   INCOME 


Table  3. — Corporations,  1936,  by  major  industrial  groups:  number  of  returns, 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  total  tax, 
with  no  net  income — Continued 

[Money  figures  in 
PART  III.     RETURNS 


Industrial  groups 


Aggregate 


Agricul- 
ture and 
related 
industries 


Mining 

and 

quarrying 


Manufacturing 


Total 
manufac- 
turing 


Food  and 
kindred 
products 


Number  of  returns 

Receipts,  taxable  income: 

Gross  sales  i 

Gross  receipts  from  operations  2 

Interest 

Rents 

iNet  capital  gain 

Dividends  from  domestic  corpora- 
tions.3 

O  ther  receipts 

Receipts,   tax-exempt  and   taxable  in- 
come: 
Interest  on  Government  obligations: 
Subject  to  excess-profits  tax  *... 
Wholly  tax-exempt ' 

Total  compiled  receipts  ' 

Deductions: 

Cost  of  goods  sold  ' 

Cost  of  operations  ' 

Compensation  of  oiHcers 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and 
excess-profits  taxes.' 

Contributions  or  gifts  '" 

Depreciation 

Depletion. _ 

Ket  capital  loss  » 

Other  deductions 

Total  compiled  deductions  >2 

Compiled  net  loss  (11  less  24) 

Deficit  13  (25  plus  10) 

Cash  dividends  paid 

Stock  dividends  paid 


275, 696 


6,025 


8,642 


17,  614,  542 

7,  500,  177 

1,  046, 391 

786,  485 

99, 414 

172,  676 

255,  317 


39, 177 
196,  731 


152,  711 
36,  277 
1,402 
4,514 
1,442 
1,681 

3,632 


850, 363 
104,  499 
4,241 
11,929 
6,567 
6,141 

13,  702 


723 
340 


8,  219,  444 
230, 939 

17,  730 
24,  690 

9,704 

18,  792 

58, 678 


854 
914 


27,  710, 909 


201, 844 


998,  505 


8,  581,  744 


14,  507,  792 

4,  230,  902 
774,  800 
468,  771 
419, 325 

1,  375, 130 
856,  511 

3,314 
944,311 
105, 164 
118,375 

5,  861,  808 


114,491 
19,  648 
9,  279 
2,788 
3,393 
12,  914 
9,128 

197 

11,190 

3,753 

3,623 

44, 060 


639,  651 
60, 422 
18, 354 
5,091 
8,676 
39,  575 
35, 464 

82 

66,  511 

62, 890 

3,646 

181,  950 


6,  753,  355 
140, 087 
210, 042 
79,  954 
68,  008 
104,  315 
138,  795 

945 

260, 821 

32,  825 

6,681 

1, 155,  995 


29,  666,  202 


234, 464 


8, 951, 822 


1,  955,  292 

2, 152,  024 

200, 112 

9,653 


32,  619 

32,  707 

2,790 

42 


123, 806 

124, 146 

10,  060 

198 


370, 079 

370, 993 

32, 328 

6,028 


6,028 


1,521,854 

31,684 

1,290 

3,2C4 

752 

1,786 

5,367 


1,  566, 082 


1,312,574 
20,541 
22, 872 
9,301 
10,111 
12, 036 
10,  986 

485 

26, 198 

34 

807 
177,812 


1,  603,  758 


37, 676 
37,  743 

7,875 
30 


For  footnotes,  see  pp.  80-81. 


STATISTICS   OF   INCOME 


79 


compiled  receipts  and  compiled  deductions,  compiled  net  profit  or  net  loss,  net  income 
end  dividends  paid,  for  returns  in  the  aggregate  and  for  those  with  net  income  and 


thousands  of  dollars] 

WITH  NO  NET  INCOME  " 


Industrial  groups— Continued 

Manufacturing 

—Continued 

Liquors  and 
beverages 
(alcoholic 
and  non- 

Tobacco 
products 

Textile 

mill 
products 

Clothing 

and 
apparel 

Leather  and 
its  manu- 
factures 

Rubber 
products 

Forest 
products 

Paper, 
pulp,  and 
products 

alcoholic) 

1,294 

211 

3,782 

4,455 

1,144 

259 

3,360 

848 

1 

194, 009 

26,820 

884, 642 

487,  791 

234,  111 

50,085 

435, 323 

273, 344 

2 

2,073 

446 

17,503 

33, 008 

2,257 

234 

10,880 

3,119 

3 

205 

8 

1,002 

154 

546 

108 

1,453 

5,001 

4 

453 

27 

2,995 

367 

394 

96 

2,162 

994 

5 

177 

10 

1,164 

95 

107 

43 

1,225 

1,257 

fi 

16 

8 

774 

30 

359 

15 

957 

5,507 

7 

1,202 

114 

6,199 

1,620 

1,375 

275 

4,470 

2,112 

8 

26 

7 

87 

23 

14 

18 

53 

28 

9 

3 

11 

110 

45 

48 

6 

84 

29 

10 

198, 165 

27,451 

914. 477 

523, 134 

239, 212 

50,877 

456, 607 

291,391 

11 

125, 372 

20,641 

780,207 

412, 450 

207, 980 

38,950 

354, 319 

221, 196 

12 

1,013 

269 

11, 374 

26, 893 

1,609 

94 

7,061 

780 

13 

4,924 

1,300 

22,104 

22,860 

7,076 

1,322 

14, 126 

6,389 

14 

1,447 

200 

6,001 

8,485 

2,030 

419 

2,954 

4,078 

15 

1,969 

212 

3,114 

2,271 

6,687 

574 

7,386 

2,201 

16 

2, 387 

134 

10, 122 

1,684 

1,623 

390 

9,318 

9,187 

17 

23,584 

399 

12, 040 

2,073 

1,711 

1,464 

8,050 

4,993 

18 

8 

2 

77 

33 

8 

1 

54 

13 

19 

6,115 

362 

26,046 

2,273 

2,682 

2,021 

14,353 

10,  633 

20 

2 

14 

4 

63 

9,123 

1,028 

?1 

137 

27 

956 

309 

117 

17 

819 

111 

22 

44,526 

5,091 

86, 369 

57,  795 

21,950 

8,804 

66, 909 

46,  670 

23 

211, 486 

28,638 

958,  422 

537, 132 

253, 436 

64,055 

494, 473 

307, 179 

24 

13, 321 

1,187 

43,946 

13, 999 

14,224 

3,178 

37, 866 

15,  787 

25 

13, 324 

1,198 

44, 055 

14, 044 

14,  272 

3,183 

37, 950 

15, 816 

26 

120 

83 

3,465 

182 

603 

246 

3,905 

681 

27 

3,781 

80 

1 

199 

20 

W 

80 


STATISTICS   OF   INCOME 


Table  3. — Corporations,  1936,  by  major  industrial  groups:  number  of  returns,. 
or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess-profits  tax,  total  tax, 
with  no  net  income — Continued 

[Money  figures  in 
PART  III.  RETURNS  WITH  NO 


Number  of  returns - 

Receipts,  taxable  income: 

Gross  sales  i 

Gross  receipts  from  operations  2 

Interest 

Rents 

Net  capital  gain 

Dividends  from  domestic  corpora- 
tions.^ 

Other  receipts 

Receipts,  tax-exempt   and   taxable   in- 
come: 
Interest  on  Governm.ent  obligations: 
Subject  to  excess-profits  tax  *... 
Wholly  tax-exempt ' 

Total  compiled  receipts  ^ 

Deductions: 

Cost  of  goods  sold  ^ 

Cost  of  operations  * 

Compensation  of  officers 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and 
excess-profits  taxes.' 

Contributions  or  gifts  '" 

Depreciation 

Depletion 

Net  capital  loss  " 

Other  deductions 

Total  compiled  deductions  12 

Compiled  net  loss  (11  less  24) 

Deficit  13  (25  plus  10> 

Cash  dividends  paid 

Stock  dividends  paid 


Industrial  groups— Continued 


Manufacturing — Continued 


Printing, 
publishing, 
and  allied 
industries 


6,811 


378, 250 

55, 877 

554 

1,983 

675 

451 

3,072 


440, 918 


279, 554 
33, 421 
31,157 
9,979 
5,955 
6,191 
4,339 

74 
11,255 

25 

278 

87, 136 


469, 364 


28,  446 

28, 475 

816 

1,335 


Chemi- 
cals and 

allied 
products 


3,508 


266, 922 

4,513 

418 

1,013 

308 

933 

1,558 


23 


275,  757 


191,560 
2,707 
10, 892 
2,516 
4,438 
3,678 
8,879 

31 

8,103 

501 

665 

60,  485 


294, 458 


18,  701 

18,  769 

1,829 

32 


Petro- 
leum and 

other 
mineral 

oil 
products 


389 


840, 563 

34, 372 

1,099 

3,296 

763 
2,118 

6,261 


101 


888, 570 


633, 994 
14,  683 
2,222 
8,756 
1,490 
12, 204 
17, 832 

38 
44,  617 
21,077 

44 
152,715 


9,672 


21, 102 

21,110 

6,542 


Stone, 
clay,  and 

glass 
products 


2,015 


175, 838 

3,983 

443 

1,028 
473 
576 

1,516 


61 


183, 986 


134, 643 
2,381 
7,726 
1,430 
1,762 
4,590 
3,773 

17 

10,  077 

258 

208 

33. 667 


200, 532 


16, 546 

16, 607 

1,075 

245 


Metal 
and  its 
products 


8,563 


2,010,702 
23, 899 
3,893 
5,352 
1,248 
3,412 

19, 879 


241 
251 


2, 068, 877 


1,  685,  604 
14,521 
41,066 
17,899 
14,890 
26, 960 
31,047 

87 

83, 060 

625 

1,954 

225, 830 


2, 143, 540 


74, 664 

74,915 

3,881 

234 


'  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." 

3  Dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  title  I  of  the  effective 
revenue  acts  (item  12  (a),  p.  2  of  return). 

•  Includes  United  States  Savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  over  $5,000, 
and  obligations  of  instrumentalities  of  the  United  States  (other  than  those  issued  under  Federal  Farm 
Loan  Act  or  such  act  as  amended)  reported  as  item  8,  p.  2  of  return. 

« Includes  obligations  of  States  and  Territories  or  political  subdivisions  thereof,  securities  issued  under 
Federal  Farm  Loan  Act,  or  such  act  as  amended,  obligations  of  the  United  States  issued  on  or  before  Septem- 
ber 1,  1917,  Treasury  notes.  Treasury  bills,  Treasury  certificates  of  indebtedness,  and  United  States  Savings 
bonds  and  Treasury  bonds  owned  in  principal  amount  of  -$5,000  or  less. 

•  Excludes  nontaxable  income  other  than  interest  on  tax-exempt  obligations  reported  in  schedule  M  of 
the  return.  Unlike  former  years,  dividends  received  from  domestic  corporations  are  included  in  taxable 
income  instead  of  in  tax-exempt  income. 

'  Includes  taxes  which  are  reported  in  "cost  of  goods  sold."    For  method  of  tabulation,  ste  p.  23. 
'  Includes  taxes  which  are  reported  in  "cost  of  operations."    For  method  of  tabulation,  see  p.  23. 

•  Excludes  taxes  tabulated  under  "cost  of  goods  sold"  and  "cost  of  operations." 

'»  Limited  to  5  percent  of  net  incoriie  before  deduction  of  contributions  or  gifts  on  returns  with  year  ended: 
December  31,  1936,  and  thereafter. 

"  For  limitation  on  amount  of  net  capital  loss  that  may  be  allowed,  see  section  of  this  report  entitled; 
"Revenue  Acts  of  1913-36  and  certain  tax  provisions  of  the  National  Industrial  Recovery  Act  (1933); 
also  the  special  excise  tax  under  the  act  of  Aug.  5,  1909,"  p.  199,  footnote  5(d). 


STATISTICS   OF   INCOME 


81 


compiled  receipts  and  compiled  deductions,  compiled  net  profit  or  net  loss,  net  income 
■and  dividends  paid,  for  returns  in  the  aggregate  and  for  those  with  net  income  and 


thousands  of  dollars] 

NET  INCOME '3— 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 

Motor 
vehicles, 
complete 
or  parts 

Manufac- 
turing not 
elsewhere 
classified 

390 

3,047 

10, 443 

13, 657 

76,  257 

41,  258 

71,  828 

1,482 

1 

159, 400 
658 
601 
368 
238 
381 

1,423 

47 
47 

279,  790 

6,432 

953 

956 

1,168 

1,469 

2,244 

15 
49 

333,  468 
353,  232 
2,100 
5,098 
2,513 
1,867 

5,086 

139 
434 

8, 058,  555 

293,  860 

11,705 

24, 936 

3,413 

3,346 

64,491 

346 

287 

? 

3, 942, 620 

32, 453 

29,  341 

4,893 

28,  345 

17, 005 

631 
1,426 

1,911,126 

9,401 

136,  686 

10,  639 

10,  973 

24,  208 

380 
456 

18  622, 936 

967, 268 

549, 116 

60, 183 

101, 497 

68,  344 

36, 002 
192,  784 

4,688 
90 
176 
60 
34 

171 

3 
3 

3 

4 
5 
6 

7 

8 

9 
10 

163, 164 

293,  078 

703, 938 

4,  056,  714 

8,  460, 939 

2, 103,  869 

2,  598, 130 

5,225 

11 

140,  323 

219 

1,930 

994 

735 

1,580 

2,252 

6 

4,829 

4 

80 

21,817 

213, 986 
2,521 
12,  075 
3,466 
4,212 
2,230 
5,372 

13 

8,296 

67 

150 

58,  518 

279, 687 
290,  577 
38,  762 
5,587 
6,170 
6,676 
6,528 

78 
16,  335 

81 

1,363 

88, 965 

6,  720, 609 
152,  368 
248,  838 
165, 870 
66,  929 
40,  805 
61,  694 

554 

66, 878 

568 

4,979 

1, 143, 609 

n 

2, 605,  526 

35,  837 

38, 996 

12,028 

569,  791 

257,  909 

294 

207,  308 

3,044 

3,865 

674,  576 

752,  282 
91,817 

118,764 
30,  261 

205,  744 

154,  099 

590 
168, 084 

250 

6,555 

817,  602 

18  206,657 

19  121,293 

51,  330 
222, 498 
394,  443 
192, 026 

573 

146, 909 

1,  7.53 

87,  360 

20  1,  751, 998 

3,336 
577 
390 

1,362 

867 
267 

1 

276 

1 

303 

3,052 

13 
14 
15 
16 
17 
18 

19 
20 
21 
22 
23 

174,  771 

310, 907 

740, 809 

4, 409, 174 

8,  673,  701 

2,  346, 649 

20  3, 176, 840 

10,431 

24 

11,607 

11,654 

154 

17, 829 

17,878 

874 

71 

36,  871 

37,  305 
2,568 

350 

352,  460 

353, 885 

45,  686 

20 

212,  762 

213,049 

20,  082 

847 

242,  780 
243, 235 

7,706 
482 

578,  710 

771,494 

88,  774 

1,688 

5,206 

5,209 

120 

25 
26 
27 
28 

12  Unlike  former  years,  compiled  deductions  and  compiled  net  profit  are  affected  by  the  inclusion  in  de- 
ductions of  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or 
gifts)  on  returns  with  year  ended  Dec.  31,  1936,  and  thereafter. 

13  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  is  based  on  the 
net  income  for  income  tax  computation  (item  29,  p.  2  of  the  return).  Unlike  former  years,  net  income  for 
Income  tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation 
under  Title  I  of  the  eflective  revenue  acts  (item  12(a) ,  p.  2  of  return)  and  interest  received  on  certain  Govern- 
ment obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  contributions 
or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess-profits  tax 
(item  28,  p.  2  of  return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income  for  excess- 
profits  tax  computation  (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above-mentioned 
dividends  received  and  interest  received  on  certain  Government  obligations,  and  excludes  the  above- 
mentioned  contributions  or  gifts.  Net  income  is  less  than  compiled  net  profit  and  deficit  is  greater  than 
compiled  net  loss  bv  the  amount  of  wholly  tax-exempt  interest  received  on  Government  obligations. 

i<  Includes  the  following  amounts:  Income  tax  of  $59,289,827,  reported  on  returns  with  fiscal  year  ended 
prior  to  Dec.  31,  1936  (and  returns  with  part  year  which  began  in  1935) ;  graduated  normal  tax  of  $930,438,197, 
and  flat  normal  tax  of  $35,064,914,  for  corporations  exempt  from  the  graduated  rates,  reported  on  returns  for 
the  calendar  year  1936  and  for  fiscal  year  or  part  year  ended  in  period  January  through  June  1937. 

15  Less  than  $500. 

'6  Compiled  net  loss  or  deficit. 

17  Compiled  net  loss  plus  total  tax. 

18  Includes  for  a  limited  number  of  returns  the  cost  of  securities  purchased  for  customers. 
'9  Excludes  compensation  of  oflicers  of  life  insurance  companies  which  file  return.  1120L. 

2"  Includes  special  nonexpense  deductions  of  life  insurance  companies. 


82 


STATISTICS    OF   INCOME 


Table  4. — Corporations  submitting  balance  sheets,  19S6,  by  major  industrial  groups: 
year  nearest  thereto,  compiled  receipts  and  compiled  deductions,  compiled  net  profit  or 
profits  tax,  total  tax  and  dividends  paid,  for  returns  with  net  income  and  with  no 

[Money  figures  in 

[For  text  defining  certain  items  and 


Industrial  groups                             1 

Aggregate 

Agriculture  and  related 
industries 

Net  income 

No  net  in- 
come 

Net  income 

No  net  in- 
come 

1 

Number  of  returns  with  balance  sheets  ^ 

Assets:  3 

Cash* _.. 

188, 553 

227, 101 

2,545 

4.581 

2 

19, 723, 044 
30, 012, 458 

13, 559, 651 
15, 809, 862 
56, 122,  795 
67,498,365 

6, 869, 496 

fi,  378,  796 
10,  206, 691 

3, 024, 027 

8, 502, 847 

30, 084, 905 

40, 374, 734 

5,012,053 

67, 401 

78, 607 

109,  480 

36,  293 

214,373 

554, 972 

43,  265 

14,632 

72,511 

67, 469 

4,633 

96, 935 

658,  778 

44, 159 

3 
4 

Notes  and  accounts  receivable  (less  reserve 

for  bad  debts). 
Inventories 

5 

Investments,  tax-exempt  5 

6 

7 

8 

Investments,  other  than  tax-exempt « 

Capital  assets— Land,  buildings,  equipment 

(less  depreciation  and  depletion) . 
Other  assets 

Total  assets  ' 

0 

199, 595, 670 

103,  584, 053 

1,104,391 

959, 117 

Liabilities:  3 

Notes  and  accounts  pavable 

10 

15, 285, 450 
23,024,198 
55,  733,  769 
13, 159,  784 
55, 827, 671 
38, 526,  216 
1,961,418 

10,  294, 545 
23, 998,  488 
41,375,713 
5,  430,  786 
22, 243, 948 
9,516,614 
9, 276, 040 

141,351 
62, 534 
79, 112 
26,  340 

550, 372 

283, 986 

39,  305 

230, 754 
181, 107 
98, 595 
48, 273 
475, 486 
158, 790 
233, 890 

11 

Bonded  debt  and  mortgages. 

12 

Other  liabilities.. 

13 

Capital  stock,  preferred 

14 

Capital  stock,  common 

15 

Surplus  and  undivided  profits... 

16 

Less  deficit 

Total  Habilities 

17 

199,  595, 670 

103,584,053 

1,104,391 

959, 117 

Receipts,  taxable  income: 

Gross  sales  8 

18 

79,  721, 651 

14, 204, 865 

1, 459, 332 

697,  617 

458. 337 
2, 405, 360 

925. 338 

235, 036 
245,  785 

16,408,164 
7, 039, 858 
1,018,630 
712,049 
94,  287 
167,358 
243, 152 

38, 125 
194.  404 

421,251 
58,  346 
2,806 
7,508 
2,340 
11,338 
7,975 

860 
282 

142, 594 
30,074 
1,338 
4,056 
1,242 
1.494 
3,400 

98 
87 

19 

Gross  receipts  from  operations  ' 

20 

Interest 

21 

Rents 

22 

Net  capital  gain. 

23 
24 

Dividends  from  domestic  corporations  •" 

Other  receipts .. 

25 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  >' 

26 

Wholly  tax-exempt  12 

Total  compiled  receipts  '3. 

2V 

100, 353, 320 

25,916,026 

512, 706 

184, 384 

Deductions: 

Cost  of  goods  sold  '< 

28 

60, 908, 968 
6,113,830 
1, 887, 565 
1,018,640 
473,  287 
1,619,791 
1, 998, 362 

25,  657 

2,  253, 149 

305, 291 

23,  091 

14,377,931 

13,454,987 
3,969,413 
716, 128 
432,  556 
392, 844 
1,311,678 
808,  748 

3,084 

894,  582 

97, 307 

100, 383 

5.463,969 

288, 092 
13, 130 
12,161 
13,392 
2,051 
6,  565 
12, 963 

155 
21,575 
2,561 

262 
75,  215 

106, 740 
15,456 
8,210 
2,544 
3,187 
12, 053 
8,252 

195 

10, 492 

3,733 

2,964 

38,947 

29 

Cost  of  operations '* . 

30 

Compensation  of  officers 

31 

Rent  paid  on  business  property  . 

32 

Bad  debts. 

33 

Interest  paid 

34 
35 

Taxes  paid,  other  than  income  and  excess- 
profits  tax.>« 
Contributions  or  gifts  ■' 

36 

Depreciation 

3V 

Depletion 

38 

Net  capital  loss  '«  . 

39 

Other  deductions 

Total  compiled  deductions  " 

40 

91,005,562 

27, 645,  679 

448, 122 

212, 773 

Compiled  net  profit  or  net  loss  i»  (27  less  40)  - 
Net  mcone  or  deficit'  (41  less  26)... 

41 
42 

9,  347,  758 
9,101,973 

21  1,729,653 
21  1,924.058 

64, 584 
64, 302 

21  28, 389 
2128,477 

Normal  tax  20 ___ 

43 

982, 940 
141, 154 
20, 546 

7,482 
955 
306 

44 

Surtax  on  undistributed  profits 

46 

I-xcess-profits  tax 

46 

Total  tax 

1, 144, 641 

8,743 

Compiled  net  profit  less  total  tax  (41  less  46) 

Cash  dividends  paid.. 

47 
48 

8,203,117 

6, 967,  8G0 

333, 525 

21  1,729,653 

194,763 

9,533 

55,841 

53,  668 

1,375 

21  28, 389 

2,789 

42 

49 

Stock  dividends  paid 



For  footnotes,  see  p.  91. 


STATISTICS   OF   INCOME 


83 


number  of  returns,  assets  and  liabilities  as  of  Dec.  SI,  1936,  or  close  of  fiscal 
net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess- 
net  income  ' 

thousands  of  dollars] 

describing  returns  included,  see  pp.  1-8,  22-30] 


84 


STATISTICS    OF   INCOME 


Table  4. — Corporations  submitting  balance  sheets,  19S6,  by  major  industrial  groups: 
year  nearest  thereto,  compiled  receipts  and  compiled  deductions,  compiled  net  profit  or 
profits  tax,  total  tax  and  dividends  paid,  for  returns  with  net  income  and  with  no 

[Money  figures  in 


Industrial  groups— Continued 

Manufacturing — Continued 

Tobacco  products 

Textile  mill  products 

Net  in- 
come 

No  net 
income 

Net  in- 
come 

No  net 
income 

1 

Number  of  returns  with  balance  sheets  -        - 

146 

188 

3,815 

3,499 

Assets: ' 

Cash< 

2 

59, 552 

144.  264 

462, 832 

46, 782 

86, 264 

76, 975 
100, 888 

1,815 

8,089 

9,045 

491 

1,324 

5,288 
4,684 

194, 102 

437, 156 
777, 133 
110,685 
206, 554 

1,131,362 
84.  .343 

33, 673 

90, 596 

179, 756 

6,513 

54, 682 

421, 762 
38, 951 

3 

Notes  and  accounts  receivable  (less  reserve 
for  bad  debts) 

4 

Inventories 

5 

Investments,  tax-exempt ' 

fi 

Investments,  other  than  tax-exempt « 

7 

Capital  assets — Land,  buildings,  equipment  fless 
depreciation  and  depletion) . 

8 

Other  assets 

9 

Total  assets ' 

977,  557 

30,  736 

2,941,335 

825, 932 

Liabilities:  ^ 

Notes  and  accounts  pavable 

10 

49, 887 
55,039 
55,918 
136, 102 
419, 888 
261, 974 
1,251 

4,  279 
706 
751 
4,816 
12,635 
10,710 
3,161 

402,  251 
88. 065 

238, 753 

326, 891 
1,  044,  569 

882,  309 
41.504 

155,  225 
82, 481 
67, 751 
125, 232 
374, 839 
169, 091 
148, 686 

11 

Bonded  debt  and  mortgages 

12 

Other  liabilities 

13 

Capital  stock,  preferred 

14 

Capital  stock,  common 

15 

Surplus  and  undivided  profits 

16 

Less  deficit 

17 

Total  liabilities 

977, 557 

30, 736 

2,941,335 

825, 932 

Receipts,  taxable  income: 

Gross  sales  > 

18 

1,162,848 

1,691 

890 

720 

650 

8,532 

2,907 

1,399 
267 

26, 106 
443 
8 
27 
10 
8 
112 

7 
11 

3,429,646 
33, 063 

5,077 
8,045 
2,976 
9,300 
25,817 

1,586 
1,689 

861,103 

16, 979 

979 

2,880 

1,153 

707 

5,870 

87 
110 

19 

Gross  receipts  from  operations  ' 

20 

Interest 

21 

Rents 

22 

Net  capital  gain 

23 
24 

Dividends  from  domestic  corporations  i" 

Other  receipts.. 

25 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  11 

26 

Wholly  tax-exempt  12 

27 

1,179,903 

26,  733 

3, 517, 198 

889, 867 

Deductions: 

Cost  of  goods  sold  " . 

28 

853, 268 
1,063 
5,153 
1,447 
1,782 
3,846 

75,  564 

223 

6,294 

19,996 
269 
1,260 
190 
210 
127 

395 

2 

356 

2, 759, 702 
17,335 
66,  771 
10, 654 
5,590 
15,  712 

40,  476 

556 

,   75,068 

13 

394 

307, 558 

758,311 
11, 179 
21,403 
5,771 
2,997 
9,912 

11,582 
74 

25, 465 

14 

299 

83, 533 

29 

Cost  of  operations  15 

30 

Compensation  of  oflicers 

31 

Rent  paid  on  business  property  . 

32 

Bad  debts 

33 

Interest  paid 

34 

Taxes  paid,  other  than  income  and  excess- 
profits  tax  18 

35 

Contributions  or  gifts '".. 

36 

Depreciation.. 

37 

Depletion 

38 

Net  capital  loss  18 

15 
103, 965 

26 

4,982 

39 

Other  deductions 

40 

1,052,619 

27,813 

3.299,829 

930, 542 

Compiled  net  profit  or  net  loss  i'  (27  less  40) 

Net  income  or  deficit  i  (4 1  less  26) 

41 
42 

127, 284 
127,017 

21  1,080 
21  1,091 

217, 369 
215,  681 

21  40, 675 
21  40, 785 

1 

Normal  tax  20  . 

43 

17, 671 
516 
69 

28, 796 

5,330 

855 

44 

Surtax  on  undistributed  profits 

45 

Excess-profits  tax  . 

Total  tax 

46 

18,  256 

34,980 

» 

Compiled  net  profit  less  total  tax  (41  less  46) 

Cash  dividends  paid 

47 

48 

109,028 
107, 164 

878 

211,080 
83 

182, 389 

125, 329 

5,323 

»  40, 675 
3,464 

49 

Stock  dividends  paid 

For  footnotes,  see  p.  91. 


STATISTICS   OF   INCOME 


85 


number  of  returns,  assets  and  liabilities  as  of  Dec.  SI,  1986,  or  close  of  fiscal 
net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess- 
net  income  i — Continued 

thousands  of  dollars] 


Industrial  groups— Continued 

Manufacturing 

—Continued 

Clothing  and  apparel 

Leather  and  its  manu- 
factures 

Eubber  products 

Forest  products 

Net  in- 
come 

No  net 
income 

Net  income 

No  net 
income 

Net  in- 
come 

Nonet 
income 

Net  in- 
come 

No  net 
income 

3,532 

4,004 

1,173 

1,072 

325 

237 

3,045 

3,022 

1 

63,  874 

211,165 

235, 422 

15, 800 

44,  871 

103, 979 
40, 152 

12, 421 

49,  224 

43, 658 

914 

7,283 

24,  664 
7,869 

57, 883 

152,  582 

240,  297 

9,642 

49, 479 

120, 857 
31,  663 

7,648 

30,  357 

48,  829 

1,765 

25,  523 

35,  985 
8,386 

52, 466 

155, 458 

211, 132 

7,516 

196, 183 

196, 149 

77,  210 

1,696 

26,  042 

9,237 

617 

2,897 

37.  795 
3,952 

61,986 

212, 494 

268, 442 

24,004 

150, 001 

635,  679 
44. 478 

22, 285 

89,760 

119, 062 

5,688 

115, 455 

455,  285 
36, 990 

2 

3 
4 
5 
6 

7 
8 

715,  262 

146, 032 

662,  404 

158.  494 

896,115 

82,  236 

1,  397, 082 

844, 525 

9 

181,143 

13, 196 

42,  764 

79,  266 

237,  715 

169, 483 

8,307 

57, 450 
6,336 
10,  778 
12,816 
78,  968 
11,172 
31,  489 

108, 030 

19,  212 

35,  697 

75,  790 

246,  825 

186, 132 

9,283 

46,  278 
15, 033 

26,  262 

27,  541 
68,641 
19, 954 
45,  215 

92,  257 
116,459 

65,  351 
194, 999 
236,011 
193, 147 
2.110 

34, 975 
4,543 
13,  765 
17, 168 
25,  699 
6,837 
20,  749 

163, 943 
81,  663 
95,  244 
86, 533 
521,  710 
484,  381 
36,  392 

159, 325 
111,508 
106,  556 
70,  215 
395, 488 
167,  682 
166,  249 

10 
11 
12 
13 
14 
15 
16 

715,  262 

146, 03? 

662,  404 

158, 494 

896,  115 

82,  236 

1,  397,  082 

844,  525 

17 

1,  709,  283 
14, 070 
1,273 
1,351 
318 
1,706 
9,642 

330 
81 

467, 674 

29, 045 

137 

354 

82 

28 

1,563 

23 

45 

1,  019,  572 
3,272 
1,230 
992 
216 
1,464 
6,108 

82 
224 

231,311 

2.142 

542 

390 

96 

359 

1,334 

14 

48 

888,  239 
2,053 
3,787 
455 
400 
3,888 
3,883 

103 
114 

49,  562 
195 
108 
93 
42 
15 
275 

18 
5 

1.231.915 
16. 113 
3,009 
3,998 
2,984 
7,185 
9,176 

388 
396 

421, 184 
10, 061 
1,349 
2,049 
1,159 
954 
4,316 

53 

84 

18 
19 
20 
21 
22 
23 
24 

25 
26 

1,738,054 

498, 951 

1, 033, 160 

236,  237 

902, 423 

50,  312 

1, 275,  164 

441,  209 

27 

1,384,850 
10,008 
53,  840 
16,  551 
4,850 
4,614 

9,822 

252 

7,671 

9 

148 

189,  629 

394, 479 

23,  778 

21,641 

8,064 

2,170 

1,614 

1,999 

32 

2,200 

4 

269 

55,117 

835, 605 

979 

20,  637 

6, 065 

2,492 

3,510 

8,455 

123 

9,557 

11 

98 
95,  364 

205,  374 
1,540 
6,947 
1,972 
6,026 
1,499 

1,699 

8 

2,543 

63 

85 

21,386 

628,  207 
466 
7,915 
3,145 
2,727 
8,170 

34,  740 

110 

18,  035 

(22) 

55 
144, 836 

38, 426 

87 

1,288 

403 

572 

388 

1,461 

1 

2,011 

917,  527 
8,246 
35, 009 
5,540 
6,616 
8,980 

18,820 

266 

29,  243 

19,  256 

325 

139,  375 

341,  801 
6,664 
13,  624 

2,816 
7,081 
8,987 

7.798 

52 

13, 931 

8,654 

643 

59,  536 

28 
29 
30 
31 
32 
33 

34 

35 
36 
37 

15 
7,741 

3S 
39 

1,  682,  245 

511,367 

982, 893 

249,  141 

848,  405 

52,  393 

1, 189,  204 

471,  588 

40 

55, 809 
55,  728 

21  12,416 
2"  12,  462 

50,  267 
50, 044 

21  12,  904 
21  12,  952 

54,  018 
53, 904 

21  2, 082 
21  2. 087 

85,  960 
85,  564 

21  30,  379 
21  30, 463 

41 
42 

7,146 

1,222 

225 

6,608 
971 
1.33 

7,250 

1,129 

119 

10,  604 
1,909 

547 

43 

44 



45 

8,593 

7,712 

8,498 

13,059 

46 

47,  215 
27, 936 
3,110 

21  12,416 
182 

74 

42,  555 

28,838 

1,220 

21  12, 904 

557 

1 

45, 521 

40, 047 

618 

212.082 
245 

72, 900 
57,  741 
3,345 

21  30,  379 

3,905 

199 

47 
48 
49 

86 


STATISTICS    OF   INCOME 


Table  4. — Corporations  submitting  balance  sheets,  19S6,  by  major  industrial  groups: 
year  nearest  thereto,  compiled  receipts  and  compiled  deductions,  compiled  net  profit  or 
profits  tax,  total  tax  and  dividends  paid,  for  returns  with  net  income  and  with  no 


[Money  figures  in 

Industrial  groups— Continued 

Manufacturing— Continued 

Paper,  pulp,  and 
products 

Printing,  publishing, 
and  allied  industries 

Net  income 

Nonet 
income 

Net  income 

No  net 
income 

1 

Number  of  returns  with  balance  sheets  2     

1,398 

788 

5,199 

5,957 

Assets:  3 

Cash< 

? 

98,613 
187,  670 

219,  428 

41,090 

201,013 

775, 336 

55,  279 

11,967 
84,  532 

46, 169 

1,555 

221,473 

214, 540 

21,859 

126,  448 
394, 847 

134, 693 

90, 917 

285, 363 

546, 044 

416,392 

14, 944 
71,681 

35, 103 

2.127 

30. 380 

131.862 

103, 962 

3 
4 

Notes  and  accounts  receivable  (less  reserve 

for  bad  debts). 
Inventories 

.S 

Investments,  tax-exempt* 

6 

Investments,  other  than  tax-exempt  6  .  

7 
8 

Capital  assets— Land,  buildings,  equipment 

(less  depreciation  and  depletion). 
Other  assets 

9 

Total  assets  ' 

1, 578, 429 

602,095 

1. 994,  705 

390, 058 

Liabilities:  3 

Notes  and  accounts  pavable 

10 

119,440 
176,  585 

78,  519 
237, 628 
580, 562 
398,  233 

12, 538 

81,664 
90, 956 
114,424 
162, 882 
167, 926 
51,  777 
67, 535 

194,  379 
149, 909 
139, 567 
164,  255 
562, 862 
817,  294 
33, 562 

133, 767 
53, 985 
55, 865 
43, 179 

165, 796 
59,907 

122.440 

11 

Bonded  debt  and  mortgages 

12 

Other  liabilities 

13 

Capital  stock,  preferred .. 

14 

Capital  stock,  common 

15 

Surplus  and  undivided  profits 

16 

Less  deflcit 

17 

Total  liabilities 

1,578,429 

602,095 

1,994,705 

390,058 

Receipts,  taxable  income: 
Gross  sales  «. .   . 

18 

1, 333,  468 
6,219 
2.584 
3,300 
1,004 
8,878 
8,502 

708 
479 

260, 023 
3,081 
4,999 
957 
1,257 
5,507 
2,026 

28 
28 

1, 609, 289 
78,801 

4,480 
10. 043 

3,363 
26, 577 
14,  440 

1,436 
1,508 

366,952 

50, 034 

500 

1,878 

502 

449 

2,950 

23 
29 

19 

Gross  receipts  from  operations  ' . 

20 

Interest 

21 

Rents.... 

22 

Net  capital  gain 

23 
24 

Dividends  from  domestic  corporations  '" 

Other  receipts 

25 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  "                .  . 

26 

Wholly  tax-exempt  '2 

27 

Total  compiled  receipts  " 

1,  365, 141 

1*,    277,905 

1,  749, 938 

423,317 

Deductions: 

Cost  of  goods  sold  ". 

28 

946, 436 

2,396 

30,  538 

7,101 

4,788 

10,  607 

18, 849 

526 

45,  339 

1,283 

155 

182,  546 

210,  219 

778 
6,242 
3,783 
2,163 
8,924 
4,809 

13 

9,945 

1,028 

101 

44,911 

1,010,143 
37, 139 
74,  238 
24, 296 
12, 088 
12, 663 
26, 982 

1,156 

34, 947 

29 

488 

330, 780 

271, 268 
29, 675 
29, 454 
9,474 
4,986 
5,818 
4,207 

69 
10,  785 

25 

241 

83, 014 

29 

Cost  of  operations  '5 

30 

Compensation  of  officers 

31 

Rent  paid  on  business  property  .  . 

32 

33 

Interest  paid. 

34 
35 

Taxes  paid,  other  than  income  and  excess- 
profits  tax." 
Contributions  or  gifts  " 

36 

Depreciation 

37 

Depletion 

38 

Net  capital  loss  "  . 

39 

Other  deductions 

40 

Total  compiled  deductions  » 

1,  250.  564 

292.916 

1. 564. 949 

449. 005 

41 

42 

Compiled  net  profit  or  net  loss  i'  (27  less  40) 
Net  income  or  deficit '  (41  less  26) 

114,578 
114,099 

21  15,011 
2'  15,  040 

184,989 
183.481 

2'  25. 688 
21  25.  717 

43 

Normal  tax  2" 

15, 092 

2,763 

265 

22, 606 

4,017 

443 

44 

Surtax  on  undistributed  profits 

45 

Excess-profits  tax 

Total  tax 

46 

18, 120 

27. 066 

47 
48 

Compiled  net  profit  less  total  tax  (41  less  46) 

Cash  dividends  paid 

96,  458 

70,  434 

4,919 

21  15,011 
681 
20 

157, 923 

129,316 

5,091 

21  25,  688 

804 

1  335 

49 

Stock  dividends  paid 

For  footnotes,  see  p.  91. 


STATISTICS    OF   INCOME 


87 


number  of  returns,  assets  and  liabilities  as  of  Dec.  31,  1936,  or  close  of  fiscal 
net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess- 
net  income  * — Continued 


thousands  of  dollars] 


Industrial  groups— Continued 

Manufacturing 

—Continued 

Chemicals  and  allied 
products 

Petroleum  and  other 
mineral  oil  products 

Stone,  clay,  and  glass 
products 

Metal  and  its  products 

Net  income 

Nonet 
income 

Net  income 

No  net 
income 

Net  income 

No  net 
income 

Net  income 

Nonet 
income 

3,120 

3,092 

331 

340 

1,705 

1.822 

10, 146 

7,766 

1 

314, 171 
456,012 

637, 233 

113,194 

904, 087 

1,226,139 

313,  486 

12,610 
43, 966 

45, 894 

2,224 

30,  359 

143, 832 

64, 144 

228, 739 
572, 876 

627, 391 
34, 038 

1,  363, 393 

2,  788, 661 

101,423 

49,  667 
106, 840 

151,471 

5,262 

76, 004 

615,  666 

34.  772 

129, 196 
133,  490 

201,613 

74,890 

195,022 

742, 247 

54, 335 

14,516 
44, 867 

46, 925 

3,  752 

32, 733 

232, 539 

23, 586 

799, 733 
1,728,017 

2, 476, 836 

386, 777 

2, 027, 868 

4,  417, 297 

595, 233 

101, 138 
324, 757 

550, 038 

14, 890 

149,929 

1, 553, 654 

158,538 

2 
3 

4 

5 
6 

7 

8 

3,964,323 

343,028 

5,  716,  521 

1, 039, 681 

1, 530, 792 

398,917 

12,431,761 

2, 852, 944 

9 

468, 387 

242, 737 

322, 357 

431,904 

1, 383,  489 

1, 139,  689 

24,  239 

64, 549 
41,575 
27, 909 
43,  644 
166,  608 
62,811 
64, 068 

443, 742 
344, 868 
377, 166 
204, 361 
2, 875,  475 
1,  497, 599 
26, 691 

263, 954 
209, 390 
116,617 

24, 000 
539. 126 

86, 644 
200, 050 

125, 198 
73, 667 
106, 850 
152, 317 
658, 132 
438, 346 
23, 718 

60,417 
67,  247 
31,  788 
61,640 
179, 008 
75,  722 
76, 905 

1, 175, 186 
957, 238 
1, 073. 370 
1, 469, 422 
4, 487,  354 
3, 366, 535 
97, 345 

891,869 
471,871 
218, 601 
238, 828 
907, 651 
474, 043 
349, 920 

10 
11 
12 
13 
14 
15 
16 

3, 964, 323 

343, 028 

5,716,521 

1, 039, 681 

1,530,792 

398,917 

12, 431, 761 

2,852,944 

17 

3, 363, 666 
19, 372 
7,247 
5,730 
4,222 
95,  502 
22, 693 

1,180 
3,946 

250, 440 

4,248 
378 
955 
298 
759 

1,452 

23 
66 

3,  250,  466 

136, 360 

11,737 

16, 477 

1,997 

113, 196 

22,513 

427 
450 

793, 623 

20, 233 

966 

3,269 

647 
2.067 
6,112 

101 

8 

1,088,843 
9,439 
2,712 
1,924 
1,203 
15, 049 
7,645 

822 

717 

171,856 

3,561 

437 

1,012 

442 

576 

1,501 

65 
61 

9,872,963 
104, 351 
37,  473 
13, 382 
8,625 
102,  228 
77,  470 

5,134 
7,140 

1,951,445 
21, 945 
3,684 
5,018 
1. 185 
3,368 
19,403 

238 
247 

18 
19 
20 
21 
22 
23 
24 

25 
26 

3,523,558 

258,  619 

3,  553, 622 

827, 026 

1, 128, 354 

179, 509 

10, 228, 765 

2, 006,  533 

27 

2, 194,  344 
4.642 
56,  776 
13, 954 
11,364 
17, 154 
67,  696 

868 

81,377 

3,151 

321 

602, 563 

180, 850 
2,541 
10,  432 
2,356 
4,301 
3,291 
8,256 

31 

7,477 

172 

266 

55. 509 

2, 328, 257 
70,  438 

7,688 
21,  730 

8,512 
17, 138 
94,  450 

461 
161,868 
99, 809 

185 
526, 764 

594, 219 
6,615 
2,032 
8,416 
1.418 
10, 571 
14,006 

35 
42, 207 
18, 899 

39 

144,815 

702, 887 
3,784 

23, 987 
3,763 
4,731 
6,800 

16, 141 

608 

40,  215 

8,395 

178 

166,830 

131, 409 
2,132 
7,468 
1..375 
1,707 
4,523 
3,687 

13 

9,859 

256 

ISO 

32. 600 

6, 936, 179 
16, 884 
195, 439 
38, 859 
38,  357 
69,  260 
147,  562 

3,224 

279, 281 

6,521 

1,322 

1,395,714 

1, 638, 697 
13, 294 
39, 214 
17,  329 
10,711 
25, 681 
30, 161 

82 

80, 437 

494 

1,188 

215.715 

28 
29 
30 
31 
32 
33 
34 

35 
36 
37 
38 
39 

3,054,210 

275,  482 

3,  837,  300 

843.  273 

978. 319 

195,209 

9,128.601 

2. 073. 004 

40 

469, 34S 
465,  '401 

ai  16, 863 
21  16, 929 

216,  323 
215,873 

21  16,  248 
2'  16.  255 

150, 035 
149, 318 

21  15, 699 
21  15,  760 

1, 100.  164 
1.093.024 

21  66, 471 
2166.718 

41 
42 

55, 453 
6,553 
1,029 

19,  823 

2,891 

51 

19, 525 

2,586 

483 

144,  289 

24, 060 

3,721 

43 

44 

45 

63, 035 

22. 765 

22. 594 

172, 070 

46 

406,313 

344,  528 

11,841 

21  16,863 

1,812 

32 

193,  558 
298,  792 
120, 889 

21  16,  248 
6,542 

127, 441 

104,  373 

3,001 

21  15, 699 

1,069 

245 

928, 094 

706, 756 

23,  367 

21  66,  471 

3,209 

234 

47 
48 
49 

88 


STATISTICS    OF   INCOME 


Table  4. — Corporations  submitting  balance  sheets,  19S6,  by  major  industrial  groups: 
year  nearest  thereto,  compiled  receipts  and  compiled  deductions,  compiled  net  profit  or 
profits  tax,  total  tax  and  dividends  paid,  for  returns  with  net  income  and  with  no 

[Money  figures  in 


Industrial  groups— Continued 

Manufacturing— Continued 

Motor  vehicles,  com- 
plete or  parts 

Manufacturing  not 
elsewhere  classified 

Net  in- 
come 

No  net 
income 

Net  in- 
come 

No  net 
income 

1 

Number  of  returns  with  balance  sheets  ^ 

347 

356 

2,289 

2,708 

Assets:  3 

Cash* 

•?, 

462, 063 
388,  584 

456,  418 
116,349 
511,017 
877, 528 

117,900 

6,526 
15,  440 

32, 804 

1,714 

22, 584 

51, 865 

16, 488 

104,  359 
239, 080 

280, 682 

53, 223 

157, 682 

344,  433 

103,  420 

13, 354 
56, 307 

65,898 

3,121 

52, 107 

94, 461 

38, 602 

3 
4 

Notes  and  accounts  receivable  (less  reserve 

for  bad  debts) . 
Inventories 

5 

Investments,  tax-exempt ' 

6 

Investments,  other  than  tax-exempt « 

7 
8 

Capital  assets — Land,  buildings,  equipment 

(less  depreciation  and  depletion). 
Other  assets.   

Total  assets  ' 

fl 

2,929,859 

147,421 

1,282,886 

323, 849 

Liabilities:  3 

Notes  and  accounts  payable 

10 

370, 584 
29, 136 
204,012 
235,  637 
679, 516 
1,413,243 
2,269 

25,  267 
14, 984 
15,  449 

14,  256 
115,949 

15,  754 
54,  237 

122, 806 
43,  521 
185, 106 
101,405 
401, 170 
440, 577 
11,700 

69, 445 
21,225 
50, 156 
41,322 
129,372 
74, 319 
61,991 

11 

Bonded  debt  and  mortgages 

12 

Other  liabilities 

13 

Capital  stock,  preferred 

14 

Capital  stock,  common 

15 

Surplus  and  undivided  profits 

16 

Less  deficit 

Total  liabilities 

17 

2, 929, 859 

147,421 

1,282,886 

323, 849 

Receipts,  taxable  income: 
Gross  sales  8 

18 

4, 489, 583 
4,669 
5,840 
4,386 
4,832 
37, 965 
24, 401 

883 
2,090 

151,348 
553 
592 
349 
236 
371 
1,376 

47 
40 

1,221,638 
9,079 
3,317 
2,730 
1,344 
25,110 
10,988 

943 
395 

273, 061 
5,949 
930 
912 
1,134 
1,463 
2,185 

15 
49 

19 

Gross  receipts  from  operations  ' 

20 

Interest 

21 

Rents . 

22 

Net  capital  gain  

23 
24 

Dividends  from  domestic  corporations "'" 

Other  receipts 

25 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  "... 

26 

Wholly  tax-exempt  12. 

27 

4, 574, 649 

154,912 

1, 275, 544 

285, 697 

Deductions: 

Cost  of  goods  sold  i< 

28 

3, 776,  258 
451 
10, 908 
4,728 
5,072 
5,373 
24, 408 

1,376 

56, 962 

545 

31 

257,  683 

133, 120 

136 

1,853 

975 

619 

1,374 

2,178 

4 

4,661 

4 

76 

20,  840 

841,  886 
1, 745 

36,  796 
7,703 
4, 49i 
4,002 

19, 693 

321 

21, 975 

150 

163 

198, 641 

208, 404 
2,243 
11,474 
3,263 
4,150 
2,173 
5,272 

13 

8,068 

65 

101 

56,925 

29 

Cost  of  operations  's 

30 

Compensation  of  oflJcers  . 

31 

Rent  paid  on  business  property 

32 

Bad  debts 

33 

Interest  paid 

34 

35 

Taxes  paid,  other  than  income  and  excess- 
profits  tax.'9 
Contributions  or  gifts  " . 

36 

Depreciation 

37 

Depletion. 

38 

Net  capital  loss  " 

39 

Other  deductions 

Total  compiled  deductions  '« 

40 

4.  143,  796 

165. 841 

1.1.37.  .568 

302, 151 

41 
42 

Compiled  net  profit  or  net  loss  "  (27  less  40) 
Net  income  or  deficit  1  (41  less  26) 

430, 853 
428, 763 

»  lU.  929 
2'  10. 969 

137,976 
1.37, 581 

21  16, 454 
2'  16..i(l3 

43 

59, 029 

5,689 

693 

16, 456 

3,811 

514 

44 

Surtax  on  undistributed'  profits    . 

45 

Excess-profits  tax . 

Total  tax 

46 

65.411 

20.  781 

47 

48 

Compiled  net  profit  less  total  tax  (41  less  46) 

Cash  dividends  paid.. 

365, 442 

320,981 

933 

21  10, 929 
154 

117, 195 

85, 464 

1,958 

21  16,  454 

730 

71 

49 

Stock  dividends  paid 

For  footnotes,  see  p.  91. 


STATISTICS    OF   INCOME 


89 


•number  of  returns,  assets  and  liabilities  as  of  Dec.  31,  1936,  or  close  of  fiscal 
net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess- 
net  income ' — Continued 


thousands  of  dollars] 


Industrial  groups— Continued 

Construction 

Transportation  and 
other  public  ■utilities 

Trade 

Service — Professional, 

amusements,  hotels, 

etc. 

Net  in- 
come 

Nonet 
income 

Net  income 

Nonet 
income 

Net  in- 
come 

No  net 
income 

Net  in- 
come 

No  net 
income 

,      5, 795 

8,779 

9,985 

10, 682 

65, 532 

64, 541 

16, 305 

32,285 

1 

82, 071 
311,203 

96, 170 

37,  736 

103, 163 

246,  605 

63, 192 

43, 587 
233,  291 

63, 140 

12, 528 

90,318 

246,  796 

59, 365 

1,091,142 
1,102,919 

411,031 

141,841 

5, 725,  565 

28, 342, 373 

1,478,421 

407, 706 
498, 597 

240, 142 

18, 626 

2,  490,  671 

19, 330, 146 

1,435,870 

1, 104, 484 
4, 235, 364 

4, 136,  265 

242, 169 

1,606,036 

2, 680, 523 

605, 228 

209, 117 
988, 518 

917,828 

15,910 

296,  379 

934,  421 

251,527 

218, 503 
282,803 

85, 327 

29,  552 

398, 640 

2, 192, 091 

244,426 

146, 305 
319, 379 

81, 443 

22,601 

625, 897 

5,892,976 

313,450 

2 
3 

4 
5 
6 

7 

8 

940, 141 

749,026 

38,  293. 292 

24, 421, 758 

14,610,068 

3, 613, 701 

3,451,342 

7,402,051 

9 

218, 754 
59, 431 

147,306 
35, 002 

287, 342 

216,  512 
24, 204 

2J7,  272 
75. 878 
174,198 
40, 490 
245, 494 
108,  212 
112,518 

1,088,169 
12,869,079 

2,180,940 

2, 575, 404 
14,598,156 

5,  266, 596 
285, 052 

1,899,036 
11,749,485 
2, 879, 729 
1, 292,  203 
6, 320, 246 
2, 008. 020 
1,726,961 

4,082,992 
664, 820 

1,013,485 
997,  372 

4,  775. 006 

3, 437,  566 
361, 172 

1,  298, 440 
333, 309 
394, 697 
273, 676 

1, 601,  608 
444,  799 
732, 827 

402,598 
932,434 
265, 055 
187,  747 
1, 053, 906 
726, 710 
117,107 

1,005,403 

4, 069, 631 
817, 642 
394, 591 

1,549,029 
662. 460 

1.096,706 

10 
11 
12 
13 
14 
15 
16 

940, 141 

749,026 

38, 293, 292 

24,421,758 

14, 610, 068 

3,  613, 701 

3,451,342 

7,402,051 

17 

480, 339 
760, 474 
2,822 
4,014 
3,932 
5,175 
10, 638 

617 
743 

313, 649 
328, 176 
2,001 
4,582 
2,408 
1,857 
4,713 

137 
433 

31, 725, 005 
663, 928 
69,348 
63,117 
13, 395 
76,219 
343, 164 

2,671 
5,908 

7,219,215 

247,  689 

11,022 

22.993 

3,059 

3,178 

61, 191 

159 

287 

18 

7,529,524 

62, 520 

61,467 

7,871 

287, 659 

32, 707 

4,757 
8,929 

3,837,390 
27. 141 
27, 872 
4,735 
27, 457 
16,410 

626 
1,381 

2, 330, 259 
6,298 
50,  344 
8,844 
33,  774 
22, 444 

431 
629 

1, 723, 436 

9,044 

114,976 

10. 290 

10, 795 

22, 652 

359 

454 

19 
20 
21 
22 
23 
24 

25 
26 

1,  268, 752 

657, 955 

7, 995, 436 

3,943,012 

32, 962, 756 

7,  568, 793 

2, 453, 022 

1, 892, 005 

27 

381, 174 
570,013 
60, 612 
6,105 
5,419 
5,480 
11,026 

286 

27, 222 

259 

424 

129, 041 

263,425 
271,269 
35,  504 
4,867 
5,753 
6,285 
6,118 

74 

15, 474 

69 

1,267 

81,601 

25, 428, 268 
255,  306 
598, 420 
472, 223 
129,015 
99.984 
230, 536 

5,749 

194, 592 

728 

3,490 

4, 442. 204 

5,971,498 
127,857 
228,  760 
152,495 
63,050 
38, 399 
57,  439 

500 

61,934 

530 

4,111 

1,049,896 

?8 

3,  670, 457 

64,  561 

98, 168 

18,  327 

659,  275 

534,  437 

2,476 

706,  757 

15, 480 

716 

907,  722 

2,543,676 
33, 027 
36,  379 
11,159 

554, 977 
252, 060 

270 

198, 079 

3,026 

3,206 

643, 835 

925, 712 
122, 235 
127, 121 
10. 308 
51,063 
71, 106 

961 

89, 617 

88 

710 

830, 199 

644,  232 
80, 776 

107, 709 
28, 158 

191, 137 

143, 820 

519 
156,  776 

223 

4,096 

745.  940 

29 
30 
31 
32 
33 
34 

35 
36 
37 
38 
39 

1,197,061 

691,  707 

6.  678.  375 

4,  279.  695 

31,860.515 

7, 756.  469 

2. 229. 120 

2. 103.  384 

40 

71,  692 
70, 949 

2'  33,  751 
2'  34. 184 

1,317,060 
1,308.131 

2'  336.  683 
21  338, 064 

1, 102,  240 
1, 096.  332 

21  187,  676 
21  187. 962 

223. 902 
223.  273 

21  211.  380 
21  211.834 

41 
42 

8,700 

1,978 

638 

157,  355 

8,384 

693 

138, 195 

24, 553 

4,657 

25, 014 

5,322 

829 

43 

44 



45 

11,316 

166,432 

167. 405 

31. 166 

46 

60, 376 

46, 807 

4,232 

21  33,  751 

2,563 

343 

1,150,628 

1, 242. 382 

21, 456 

21  336,  683 

42, 905 

20 

934, 836 

726. 265 

30, 669 

21  187, 676 

9,951 

847 

192,  736 

147, 875 

3,394 

21211,380 

7,686 

470 

47 
48 
49 

90 


STATISTICS    OF   INCOME 


Table  4. — Corporations  submitting  balance  sheets,  1936,  by  major  industrial  groups: 
number  of  returns,  assets  and  liabilities  as  of  Dec.  31,  1936,  or  close  of  fiscal  year 
nearest  thereto,  complied  receipts  and  compiled  deductions,  compiled  net  profit  or 
net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess- 
profits  tax,  total  tax  and  dividends  paid,  for  returns  with  net  income  and  with  no 
net  income  ' — Continued 


[Money  figures  in 

housands  of  dollars] 

Industrial  groups—  Continued 

Finance-  Banking,  in- 
surance, real  estate, 
holding    companies, 
stock  and  bond  brok- 
ers, etc. 

Nature  of  business  not 
given 

Net  income 

No  net  in- 
come 

Net  income 

No  net  in- 
come 

1 

Number  of  returns  with  balance  sheets  ' 

Assets:  a 

Cash  * 

39,  554 

57, 315 

113 

761 

1 

■> 

13,  719, 877 
17, 428,  764 

40,  389 
13, 935, 089 
39,  649,  610 
4,  279,  740 

1,  749,  298 

5, 151, 998 
6, 599,  510 

24,657 

8,  337,  534 

25, 185, 400 

5, 957, 961 

2, 049,  321 

5,364 
4,445 

1,859 
136 
686 

7,497 

654 

1,784 
17,  064 

1,412 

455 

5,994 

7,713 

9,417 

1 

3 
4 

Notes  and  accounts  receivable  (less  reserve 

for  bad  debts). 
Inventories _.. 

3 
4 

5 

Investments,  tax-exempt  ^ .. 

t\ 

6 

S 

Investments,  other  than  tax-exempt  ^ 

Capital    assets- Land,    buildings,    equip- 
ment (less  depreciation  and  depletion). 
Other  assets . 

6 
7 

Total  assets  '._ 

q 

90,  802,  768 

53,  306,  381 

20,  641 

43,  841 

g 

Liabilities:  ^ 

Notes  and  accounts  payable..  .  . 

10 

4, 181, 195 
6, 182,  608 
48,  227, 065 
4,  670,  790 
15,839,045 
13,  260, 128 
558, 064 

2, 632, 401 

5,  524,  185 
35,  709,  8Sfi 

2,1(51,447 

6,  374,  590 
3,  955,  474 
3, 051, 603 

17,  403 

388 

892 

168 

3,942 

1,215 

3,368 

27, 193 

15,  639 
9,247 
8,771 

63, 464 
3,882 

84, 354 

10 

n 

Bonded  debt  and  mortgages 

11 

1? 

Other  liabilitips-  .. 

■\n 

13 
14 

Capital  stock,  preferred. 

Capital  stock,  common 

13 

14 

15 

Surplus  and  undivided  profits 

15 

16 

Less  deficit 

16 

Total  liabilities 

17 

90, 802,  768 

53, 306,  381 

20,  641 

43, 841 

17 

Receipts,  taxable  income: 

Gross  sales  «.   

IS 

IS 

19 

Gross  receipts  from  operations  '  ..  .. 

23  2,224,232 

1,  204,  360 

409,  579 

368,  307 

1,416,478 
185,028 

206,  252 
205,  018 

23  576, 123 

946, 943 

502, 404 

57,  575 

98,  343 

65,  283 

35,  273 
190,  520 

2,  472,  466 

1,459 
32 
43 

44 

12 

273 

4 
9 

2,488 
64 
80 
41 
26 
124 

3 
3 

14 

?f) 

Interest 

">() 

?1 

Rents...  

">] 

22 

Net  capital  gain 

9? 

23 
24 

Dividends  from  domestic  corporations '" 

Other  receipts  

23 

''4 

25 

26 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excsss-profits  tax  » 

Wholly  tax-exempt  "_ 

25 

''6 

Total  compiled  receipts  '^ 

27 

6,  219,  253 

1,875 

2,829 

?7 

Deductions: 

Cost  of  goods  sold  n 

28 

?8 

29 

Cost  of  operations  " 

23  442,  080 
»  272,  953 
98,  825 
169, 980 
545.  183 
197, 032 

3,  655 

11 9,  .562 

1,  638 

12, 176 

25  2,031,903 

23  189, 966 

'*  111,924 

47,  310 

212,245 

372. 142 

175.  370 

532 

137,  066 

1,  718 

77,  971 

251, 636,  34  "1 

914 
190 
22 
8 
16 
27 

(") 
22 

(22) 

1 

265 

1,824 
340 
250 
908 
564 
162 

(22) 

214 

9Q 

30 

Compensation  of  officers 

30 

31 

Rent  paid  on  business  property. 

31 

3? 

Bad  debts... 

^9 

33 

Interest  paid. 

33 

31 
35 

Taxes  paid,  other  than  income  and  excess- 
profits  tax. '6 
Contributions  or  gifts  " 

34 

35 

36 

Doprocintion 

36 

37 

Deiiletion 

37 

38 

Net  capital  loss  " 

56 
1,477 

38 

39 

Other  deductions 

3ff 

40 

25  3,  894, 987 

2»  2, 962,  590 

1,466 

5,795 

40 

Compiled  net  profit  or  net  loss  "  (27  less  40) 

Net  income  or  deficit  >  (41  less  2G) 

41 
42 

2,  324,  266 
2, 119,  249 

21  490, 124 
2'  680,  644 

410 
401 

21  2,  966 
212,970 

41 
42 

For  footnotes,  see  p.  91. 


STATISTICS    OF   INCOME 


91 


Table  4. — Corporations  submitting  balance  sheets,  1936,  by  major  industrial  groups: 
number  of  returns,  assets  and  liabilities  as  of  Dec.  31,  1936,  or  close  of  fiscal  year 
nearest  thereto,  complied  receipts  and  compiled  deductions,  compiled  net  profit  or 
net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits,  excess- 
profits  tax,  total  tax  and  dividends  paid,  for  returns  with  net  income  and  with  no 
net  income  ' — Continued 

[Money  figures  in  thousands  of  dollars] 


Industrial  groups— Continued 


Finance — Banking,  in- 
surance, real  estate, 
holding  companies, 
stock  and  bond  brok- 
ers, etc.— Contd. 


Net  income 


No  net  in- 
come 


Nature  of  business  not 
given— Continued 


Net  income 


No  net  in- 
come 


Normal  tax  20. _ 

Surtax  on  undistributed  profits. 
Excess-profits  tax 


110,  580 

23,  572 

2,016 


Total  tax. 


136, 169 


Compiled  net  profit  less  total  tax  (41  less  46) . 

Cash  dividends  paid 

Stock  dividends  paid 


2, 188, 097 
1,  650,  630 

57,  568 


21  490, 124 

87,518 
1,592 


354 
367 


21  2,  966 
120 


I  Theclassiflcationof  returns  into  those  "with  net  income"  and  "with  no  net  income"  is  based  on  the  net 
income  for  income  tax  computation  (item  29,  p.  2  of  the  return) .  Unlike  former  years,  net  income  for  income 
tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under 
Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  oncert:un  Government 
obligations,  which  is  subject  to  excess-jjroflts  tax  (item  8,  p.  2  of  return),  and  excludes  contributions  or  gifts 
(limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess-profits  tax  (item  28, 
p.  2  of  return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income  for  excess-profits  tax 
computation  (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above-mentioned  dividends 
received  and  interest  received  on  certain  Government  obligations,  and  excludes  the  above-mentioned  con- 
tributions or  gifts.  Net  income  is  less  than  compiled  net  profit  and  deficit  is  greater  than  compiled  net 
loss  by  the  amount  of  wholly  tax-exempt  interest  received  on  Government  obligations. 

'  Excludes  returns  for  inactive  corporations  and  returns  with  fragmentary  balance  sheet  data. 
3  See  text,  i)p.  25,  27. 

*  Includes  cash  in  till  and  deposits  in  bank. 

« 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. 

6  See  text,  p.  27. 

'  "Total  assets"  means  the  sum  of  the  asset  items  or  the  sum  of  the  liability  items  reported  in  the  balance 
sheet  of  the  return  less  any  deficit. 

8  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." 

1"  Dividends  received  on  stock  of  domestic  corporations  subject  to  ta.xation  under  Title  I  of  the  effective 
revenue  acts  (item  12  (a),  p.  2  of  return). 

II  Includes  United  States  savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  over  $5,000, 
and  obligations  of  instrumentalities  of  the  United  States  (other  than  those  issued  under  Federal  Farm 
Loan  Act  or  such  act  as  amended)  reported  as  item  8,  p.  2  of  return. 

12  Includes  obligations  of  States  and  Territories  or  political  subdivisions  thereof,  securities  issued  under 
Federal  Farm  Loan  Act,  or  such  act  as  amended,  obligations  of  the  United  States  issued  on  or  before 
Sept.  1,  1917,  Treasury  notes.  Treasury  bills,  Treasury  certificates  of  indebtedness,  and  United  States 
Savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  $5,000  or  less. 

13  Excludes  nontaxable  income  other  than  interest  on  tax-exempt  obligations  reported  in  Schedule  M  of 
the  return.  Unlike  former  years,  dividends  received  from  domestic  corporations  are  included  in  taxable 
income  instead  of  in  tax-exempt  income. 

1*  Includes  taxes  which  are  reported  in  "cost  of  goods  sold."    For  method  of  tabulation,  see  p.  23. 

i«  Includes  taxes  which  are  reported  in  "cost  of  operations."     For  method  of  tabulation,  see  p.  23. 

i«  Excludes  taxes  tabulated  under  "cost  of  goods  sold"  and  "cost  of  operations." 

1"  Limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts  on  returns  with  year  ended 
Dec.  31,  1936,  and  thereafter. 

16  For  limitation  of  amount  of  net  capital  loss  that  may  be  allowed,  see  section  of  this  report  entitled 
"Revenue  Acts  of  1913-36  and  certain  tax  provisions  of  the  National  Industrial  Recovery  Act  (1933);  also 
the  special  excise  tax  under  the  act  of  Aug.  5,  1909,"  page  199,  footnote  5(d). 

'»  Unlike  former  years,  compiled  deductions  and  compiled  net  profit  are  affected  by  the  inclusion  in  de- 
ductions of  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or 
gifts)  on  returns  with  year  ended  Dec.  31,  1936.  and  thereafter. 

20  Includes  the  following  amounts:  Income  tax  of  $58,681,787,  reported  on  returns  with  fiscal  year  ended 
prior  to  Dec.  31, 1936  (and  returns  with  part  year  which  began  in  1935);  graduated  normal  tax  of  $893,336,837, 
and  flat  normal  tax  of  $30,921,867,  for  corporations  exempt  from  the  graduated  rates,  reported  on  returns  for 
the  calendar  year  1936  and  for  fiscal  year  or  part  year  ended  in  period  January  through  June  1937. 

21  Compiled  net  loss  or  deficit. 

22  Less  than  $500. 

23  Includes  for  a  limited  number  of  returns  the  cost  of  securities  purchased  for  customers. 

2<  Excl-i'les  comprnsation  of  officers  of  life  insurance  companies  which  file  return  Form  1120L. 
!•  Includes  special  nonexpense  deductions  of  life  insurance  companies. 


92 


STATISTICS    OT    INCOME 


Table  5. — Corporations  submitting  balance  sheets  for  1936,  by  total  assets  classes: 
year  nearest  thereto,  compiled  receipts  and  compiled  deductions,  compiled  net 
excess-profits  tax,  total  tax,  and  dividends  paid,  for  returns  with  net  income  and  with 

[Money  figures  and  total  assets 

[For  text  defining  certain  items  and 
PART  I.  ALL  RETURNS 


Total  assets  classes ' 

Total 

Under  50 

50-100 

1 

Number  of  returns  witli  balance  sheets  '    . 

415, 654 

26, 101, 840 
40, 219, 149 
16, 583, 678 
24, 312,  709 
86,  207,  700 
97, 873, 098 

11,881,549 

227, 343 

338, 875 
998,117 
777, 586 
16,  455 
151,980 
1,527,652 

340, 167 

59, 528 

263,  331 
935, 742 
664,  469 
30,  555 
228, 603 
1,790,490 

319,  646 

9 

Assets:  2 

Cash  3  .              .      - 

3 

4 

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

■i 

Investments,  tax-exempt  ^ 

6 

Investments,  other  than  tax-exempt  ^ 

7 
8 

Capital  assets— Land,  buildings,  equipment  (less  depre- 
ciation and  depletion). 
Other  assets      .  -    ....      .  

Total  assets  « -. 

q 

303, 179,  724 

4, 150, 832 

4,232,836 

Liabihties:  2 

Notes  and  accounts  payable. -  ...  

10 

25,  579, 995 
47, 022. 686 
97. 109,  483 
18, 590, 569 
78,071,619 
48, 042, 830 
11,237,458 

1, 602, 285 
458, 528 
459, 133 
194, 809 

2, 679, 929 
430,  284 

1,674,136 

1,171,109 
608, 749 
398, 598 
182, 733 

2,022,108 
559, 841 
710, 303 

11 

Bonded  debt  and  mortgages. ... 

P 

Other  liabilities 

n 

Capital  Steele,  preferred     .      ...                                

14 

Capital  stock,  common                .  .                             

If) 

Surplus  and  undivided  profits.                                

Ifi 

Less  deficit .  . 

Total  liabilities 

17 

303, 179, 724 

4, 150, 832 

4, 232, 836 

Receipts,  taxable  income; 

Gross  sales '... 

18 

96,129,815 
21.  244,  723 
2,  477, 962 
1, 409, 666 
552, 623 
2, 572,  718 
1, 168, 490 

273, 161 
440, 189 

7,833,478 
2,277,881 

15,  766 
102, 861 

16,  201 
6,107 

72, 257 

280 
543 

6,882,652 
1,090,375 
17, 882 
92, 292 
12, 264 
6,623 
52, 433 

463 

545 

19 

Gross  receipts  from  operation  8. ..... 

?0 

Interest               ..                                                           .  .. 

">] 

Rents. .  .                                             

')'> 

Net  capital  gain...  .      .  .                                          

?3 

Dividends  from  domestic  corporations  ^ 

?4 

Other  receipts ...  .      .                         

?5 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax '"                            . 

?6 

Wholly  tax-exempt "      .                                

Total  compiled  receipts '2 

?.7 

126,  269, 846 

10, 325, 373 

7, 155, 528 

Deductions: 

Cost  of  goods  sold  13 

?8 

74, 363, 955 

10, 083, 243 

2, 603, 692 

1,451,196 

866, 131 

2,931,469 

2,807,111 

28, 741 

3, 147, 731 

402, 598 

123,474 

19, 841, 900 

6, 286, 643 

1, 306, 059 

679, 662 

293, 260 

64, 622 

54, 747 

90,318 

1,554 

128, 259 

4,061 

13, 082 

1, 504, 553 

4, 752, 508 

641,511 

325, 841 

114,057 

45, 494 

55,  235 

75, 782 

941 

97, 488 

4,353 

6, 354 

979, 599 

?9 

Cost  of  operations  »                                                           

30 

Compensation  of  officers '5                                             

31 

Rent  paid  on  business  property                                  

3? 

Bad  debts. 

33 

Interest  paid 

34 
35 

Contributions  or  gifts  i'.. 

36 

Depreciation .       .           

37 

Depletion .      

38 

39 

Other  deductions... 

Total  compiled  deductions  1'          

40 

118,651,242 

10, 426, 820 

7, 099, 163 

Compiled  net  profit  or  net  loss  i«  (27  less  40)... 

41 

7,618.104 
7,177,915 

22  101.447 
22  101,990 

56, 366 
55, 821 

42 

Net  income  or  deficit  211  (41  less  26) 

Normal  tax  21 

43 

982, 940 
141,  154 
20, 546 

15, 429 
4,307 
2,003 

16,681 
4,201 
1,673 

44 

Surtax  on  undistributed  profits 

45 

Total  tax 

45 

1,144,641 

21, 739 

22,555 

Compiled  net  profit  less  total  tax  (41  less  46) 

47 

6, 473, 464 

7, 162, 623 

343, 057 

23  123, 186 

90, 393 

6,271 

33,810 

102, 736 

4,767 

48 

Cash  dividends  paid 

49 

Stock  dividends  paid... 

For  footnotes,  see  p. ' 


STATISTIC   '^  OF   INCOME 


93 


number  of  returns,  assets  and  liabilities  as  of  December  31,  1936,  or  close  of  fiscal 
profit  or  net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits, 
no  net  income 


classes  in  thousands  of  dollars] 

describing  returns  included,  sec  pp.  1-7,  22-30] 
WITH  BALANCE  SHEETS 


Total  assets  classes «— Continued 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,00C 

10,000- 
50,000 

50,000- 
100,000 

100,000  and 
over 

58,  442 

28,  342 

17,941 

18,  277 

2,719 

2,311 

355 

396 

1 

599,  9.34 

807,512 

1,142,317 

3,  485,  939 

1,710,860 

4,  263,  725 

2. 000, 392 

11, 488, 955 

2 

1,930,167 

2, 039,  789 

2, 393,  785 

6,565,624 

2,  806,  286 

5, 985, 687 

2,  645,  999 

13,  917,  952 

3 

1,211,833 

1,104,480 

1, 192, 084 

2, 968,  456 

1,  265, 042 

2,  714, 605 

1,  222,  530 

3, 462,  593 

4 

147,  939 

324,  439 

599,  947 

2,  456, 833 

1.  346,  693 

3,  694, 025 

1,  599,  512 

14,096,311 

5 

724,  264 

1,  194, 130 

1, 867,  520 

7,  868, 893 

4,  572, 896 

13,  228, 633 

7,010.223 

49, 360,  553 

6 

3,  979,  647 

4,059,011 

4,  806,  939 

12,  930,  367 

6, 458,  537 

15,345,914 

8,818,469 

38, 126, 074 

7 

635, 693 

465,  647 

557,  223 

1,  679, 138 

806,  751 

2, 172, 813 

967,  780 

3, 936, 691 

«P 

9,  229, 477 

9, 995, 007 

12,559,815 

37, 955,  254 

18, 967, 065 

47, 405, 401 

24,  294, 906 

134, 389, 129 

9 

2, 096,  849 

1,  797,  582 

1, 909, 082 

4, 4,54, 803 

1, 860,  664 

3,  742, 937 

1,  613,  741 

5, 330. 942 

10 

1,511,277 

1,  596,  289 

1, 836, 005 

5,122,241 

2,  775,  536 

6, 938, 955 

4,976,881 

21, 198,  225 

11 

1, 124, 137 

1,717,051 

2, 805,  992 

10,  267,  078 

5, 1.52,  536 

13,  728, 825 

6,334,355 

55, 121,  779 

12 

523,  095 

623,  290 

822,  509 

2,  .574,  010 

1,  278,  552 

3,  703, 268 

1,  9t6,  239 

6,  742, 053 

13 

3,813,629 

3,  499, 683 

3, 943, 346 

10,411,519 

4,901,291 

11,470,475 

5, 756,  339 

29,  573,  299 

14 

1,394,586 

1,  725,  228 

2,  245, 867 

7,  259, 858 

3,  774, 836 

9, 145,  696 

4,  132,  593 

17,374,011 

15 

1,  234, 097 

964,  116 

1, 002, 986 

2, 134,  255 

776, 349 

1, 324,  754 

465,  243 

951,219 

16 

9,  229,  477 

9, 995, 007 

12, 559, 815 

37, 955,  254 

18, 967, 065 

47, 405, 401 

24,  294, 906 

134, 389, 129 

17 

9,  448, 835 

7, 870,  022 

7, 820, 803 

17,019.339 

6,  790,  642 

12.872,387 

4,  797,  619 

15, 764,  039 

18 

1,521,947 

952, 013 

975, 377 

2,274,815 

1, 00;;,  926 

3, 003,  675 

1, 6S9. 040 

6, 452,  674 

19 

53,  150 

80, 052 

102,  256 

323, 397 

144, 661 

322,  356 

139, 350 

1,  279, 091 

20 

200, 818 

109,340 

104, 834 

229,  573 

88,312 

145,  508 

53,  290 

282, 809 

21 

32, 105 

39,  952 

42,  976 

128,  290 

48,  798 

95,  223 

57, 104 

79,  708 

7.7. 

35,816 

35,  739 

55,  260 

241,885 

151,335 

4.50,  501 

311,536 

1,277,854 

23 

97,  352 

84, 822 

89,  548 

210,  764 

78,  354 

171, 608 

106,  705 

204, 647 

24 

2,631 

6,056 

9,907 

37, 927 

18, 884 

49, 232 

18, 637 

129, 144 

25 

1,717 

6,789 

12,  540 

48,  955 

24, 284 

63, 934 

27,801 

253, 082 

26 

11,394,372 

9, 184,  784 

9,2.13,501 

20, 544, 945 

8, 352, 226 

17, 174, 485 

7, 201, 084 

25,723,048 

27 

7,  569,  733 

6,  206,  522 

6, 101,  369 

13, 081, 586 

5,111,249 

9, 442,  776 

3, 440, 136 

12,371,432 

28 

870,  643 

414,297 

39S,  229 

846, 439 

365,  583 

989, 592 

809, 645 

3, 440, 845 

29 

428,819 

273,316 

224,  249 

335, 128 

87, 926 

129,  562 

39,  510 

79,  681 

30 

150,  644 

97,  671 

92,  507 

200, 375 

67,  717 

162,  300 

65, 116 

207,  549 

31 

82,  306 

66, 452 

69, 843 

159,  553 

55, 809 

138, 160 

41,  306 

142, £86 

32 

119,897 

123, 874 

143, 074 

383, 866 

184,  742 

459, 847 

277, 426 

1, 128,  761 

33 

152,  755 

155,  566 

190,  003 

449,807 

199,  543 

487, 433 

217,319 

788,  585 

34 

2,180 

1,927 

1,871 

5,777 

2,663 

4,867 

1,724 

5,238 

35 

177,  649 

161,862 

188, 872 

486, 886 

226, 455 

558, 121 

257, 190 

861,949 

36 

9,622 

14, 892 

18,  589 

56,  570 

35, 961 

74, 913 

53, 548 

130.  089 

37 

10,  453 

11,084 

18,  521 

32,  522 

8,188 

14, 412 

5,085 

3,774 

38 

1,  594,  258 

1,371,696 

1,  402,  320 

3, 339, 404 

1, 401, 800 

3, 184, 152 

1,  217,  595 

3, 846,  524 

39 

11, 168. 959 

8,  902, 159 

8, 849, 448 

19, 377,  912 

7.  747,  637 

15,646,534 

6, 425,  598 

23,007,011 

40 

225,413 

282,  625 

364, 053 

1, 167, 033 

604,  589 

1,  527, 951 

775, 486 

2,  716, 037 

41 

223,  695 

275, 836 

351,514 

1,118,078 

580,  306 

1,464,017 

747,  684 

2, 462, 955 

42 

40,  903 

47,436 

61,318 

178,  216 

84,  753 

200, 606 

85,  254 

252, 344 

43 

9,  2.^5 

10,  472 

13, 182 

34,913 

14, 490 

22, 439 

6,729 

21, 165 

44 

2,870 

2,365 

2,407 

5,042 

1,652 

1,414 

465 

655 

45 

53, 028 

60,  273 

76, 907 

218, 171 

100, 895 

224, 459 

92, 449 

274, 164 

46 

172,  385 

222,  351 

287, 146 

948, 862 

503,  694 

1,  303,  492 

683, 037 

2,441,872 

47 

258, 108 

280,  735 

332,  618 

968, 073 

497,  631 

1, 370,  343 

728,  552 

2, 533, 435 

48 

15,017 

17,  786 

24,  303 

59,  557 

19. 004 

31,097 

33, 685 

131,572 

49 

114338—39- 


94 


STATISTICS    OF   INCOME 


Table  5. — Corporations  submitting  balance  sheets  for  1936,  by  total  assets  classes: 
year  nearest  thereto,  compiled  receipts  and  compiled  deductions,  compiled  net 
excess-profits  tax,  total  tax,  and  dividends  paid,  for  returns  with  net  income  and  with 


[Money  figures  and  total  assets 
PART  II.  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  (less  depre- 
ciation 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. 

Dividends  from  domestic  corporations' 

Other  receipts 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  '" 

Wholly  tax-exempt  " 

Total  compiled  receipts  12 

Deductions: 

Cost  of  goods  sold  " 

Cost  of  operations  " 

Compensation  of  ofHcers  " 

Rent  paid  on  business  property.. 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and  excess-profits  tax  i'... 

Contributions  or  gifts  ■' 

Depreciation 

Depletion 

Net  capital  loss  's 

Other  deductions 

Total  compiled  deductions  " 

Compiled  net  profit  ■»  (27  less  40).. 

Net  incomes"  (41  less  26) 

Normal  tax  *• 

Surtax  on  undistributed  profits 

Excess-profits  tax 

Total  tax 

Compiled  net  profit  less  total  tax  (41  less  46) 

Cash  dividends  paid 

Stock  dividends  paid 


Total  assets  classes' 


Total 


188, 553 

19. 723, 044 
30,012,458 
13,  559,  651 
15, 809, 802 
56.122,795 
57,  498,  365 

6, 869.  496 


199, 595, 670 


15.  285, 450 
23.024.198 
55,  733, 769 
13,159,784 
55, 827, 671 
38,526,216 
1,961,418 


199, 595,  670 


79,721,651 
14, 204, 865 

1,  459, 332 
697,617 

458. 337 

2,  405.  360 

925. 338 


235, 036 

245,  785 


100,  353, 320 


60, 908,  968 

6,113,830 

1,887,565 

1,018,640 

473,  287 

1,619,791 

1, 998, 362 

25, 657 

2,253,  149 

305, 291 

23, 091 

14,  377, 931 


91,005,562 


9,  347, 758 
9,101,973 


982, 940 
141,154 
20, 546 


1,144,641 


8,203,117 

6, 967, 860 

333, 525 


Under  50 


81,716 

189,6.59 
477,  675 
383,  396 
8.514 
62,917 
521,629 

125,173 


1,768.964 


527. 878 
87,  881 
149. 469 
65, 429 
954. 608 
260,  220 
276, 521 


1,768,964 


4,213,664 

1,121,837 

8,407 

34.631 

10,611 

5,330 

38, 101 


1.39 
362 


5, 433, 082 


3,  353,  444 

611,278 

346, 399 

123, 579 

24,  668 

18,  276 

41,079 

790 

53, 163 

2,731 

1,339 

701,827 


5,  278, 571 


154,511 
154, 148 


15, 429 
4,307 
2,003 


21,739 


132,772 

85,  232 

5,857 


For  footnotes,  see  p. 


STATISTICS    OF   INCOME 


•95 


number  of  returns,  assets  and  liabilities  as  of  December  31,  1936,  or  close  of  fiscal 
profit  or  net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits, 
no  net  income — Continued 


classes  in  thousands  of  dollars] 

WITH  NET  INCOME  » 


96 


STATISTICS   OF   INCOME 


Table  5. — Corporations  submitting  balance  sheets  for  1936,  by  total  assets  classes: 
year  nearest  thereto,  compiled  receipts  and  compiled  deductions,  compiled  net 
excess-profits  tax,  total  tax,  and  dividends  paid,  for  returns  with  net  income  and  with 


[Money  figures  and  total  assets 
PART  III.  RETURNS  WITH 


Number  of  returns  with  balance  sheets  '. 


Assets:  2 

Cash  3.. 

Notes  and  acccounts  receivable  (less  reserve  for  bad  debts). 

Inventories 

Investments,  tax-exempt ' 

Investments,  other  than  tax-exempt  ^ _.. 

Capital  assets— Land,  buildings,  equipment  (less  depre- 
ciation and  depletion). 
Other  assets 


Total  assets  6. 


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 

Dividends  from  domestic  corporations  ». 
Other  receipts 

Receipts,  tax-exempt  and  taxable  income: 
Interest  on  Government  obligations: 

Subject  to  excess-profits  tax  i" 

Wholly  tax-exempt  " 


Total  compiled  receipts  >2. 


Deductions: 

Cost  of  goods  sold  " 

Cost  of  operations  i' 

Compensation  of  officers  i* 

Rent  paid  on  business  property 

Bad  debts 

Interest  paid 

Taxes  paid,  other  than  income  and  excess-profits  tax  i^.. 

Contributions  or  gifts  " 

Depreciation 

Depletion 

Net  capital  loss  i*... 

Other  deductions 


Total  compiled  deductions  ". 


Compiled  net  loss  (27  less  40). 

Deficits"  (41  plus  26) 

Cash  dividends  paid.. 

Stock  dividends  pnid. 


Total  assets  classes  ' 


Total 


227, 101 


6,  378, 796 
10,  206,  691 
3,024,027 
8,  502, 847 
30, 0S4, 905 
40,  374,  734 

5,  012,  053 


103,  584, 053 


10, 294,  545 

23,  998, 488 

41,375,713 

5, 430.  786 

22, 243, 948 

9,  516,  614 

9,  276, 040 


103,  581, 053 


16, 408. 164 

7,  039, 858 

1,018,6:10 

712, 049 

94, 287 

107,  358 

243, 152 


38. 125 
194, 404 


13, 454, 987 

3, 969,  413 

716, 128 

432,  556 

392, 844 

1,311,678 

808,  748 

3,084 

894, 582 

97, 307 

100,383 

5, 463, 969 


27, 645,  679 


1,  729, 653 

1, 924, 058 

194,  763 

9,533 


Under  50 


145, 627 


119,216 

520,  442 

394, 190 

7,941 

89, 063 

1, 006, 022 

214, 994 

2, 381, 869 


1, 074,  406 
370, 647 
309, 663 
129, 380 

1,  725,  322 
170,065 

1,397,615 


2. 381, 869 


3,619,815 

1,1.56.044 

7,359 

68.  229 

5,589 

777 

34, 156 


141 
180 


4, 892, 291 


2, 933, 199 

694,  782 

333,  263 

169, 682 

39, 954 

36,471 

49,  240 

764 

75, 090 

1,330 

11.744 

802,  726 


5, 148, 249 


255,  958 

256, 138 

5,161 

414 


29,  253 


82, 009 
362,  288 
229, 345 

11,783 

116,816 

1, 095, 729 

171, 138 

2, 069, 139 


624, 405 
463, 043 
224,  442 
102,160 
1, 039, 603 
185, 133 
569, 646 


2, 069, 139 


1, 676,  726 

377,  360 

5,  919 

60,  001 

3,340 

984 

16, 473 


156 
34 

2, 140, 994 


1, 386, 903 

227, 746 

92,  510 

41,460 

20,  658 

33,036 

33, 939 

303 

44, 799 

1,303 

4,992 

357,  704 

2, 245,  354 


104, 360 

104, 395 

3,747 

356 


For  footnotes,  sBe  p.  98. 


STATISTICS   OF   INCOME 


97 


number  of  returns,  assets  and  liabilities  as  of  December  31,  1936,  or  close  of  fiscal 
profit  or  net  loss,  net  income  or  deficit,  normal  tax,  surtax  on  undistributed  profits, 
no  net  income — Continued. 


classes  in  thousands  of  dollars] 

NO  NET  INCOME  20 


Total  assets  classes  «— Continued 

100-250 

250-500 

500-1,000 

1.000-5,000 

5,000-10,000 

10,000- 
50,000 

50,000- 
100,000 

100,000  and 
over 

25,923 

11,405 

6,681 

6,442 

886 

694 

87 

103 

1 

155, 204 

192, 554 

253, 531 

855,  722 

425, 184 

1,  040,  593 

253, 198 

2, 971,  580 

2 

616.  696 

586, 427 

645, 133 

1. 831,  252 

825,  268 

1.444,319 

461,  607 

2, 913,  260 

? 

332,  623 

235,  580 

233, 438 

461, 965 

195,413 

273, 742 

86, 910 

580,820 

4 

46, 272 

86, 987 

152, 320 

659,  475 

355,  263 

1,051,488 

213,717 

5, 917, 602 

5 

315,  547 

487,  259 

654, 828 

2,  585, 919 

1,436,612 

4,  333, 900 

1,831,383 

18, 233,  548 

fi 

2, 284,  251 

2,  207,  638 

2,490,665 

6, 180,  284 

2,  681, 636 

4,  981, 256 

2, 878, 412 

14, 568, 839 

7 

309,346 

196,043 

232, 945 

667, 498 

244,  945 

710, 143 

290, 694 

1,974,307 

8 

4.059,938 

3, 992, 487 

4, 662, 859 

13, 242, 115 

6, 164, 321 

13, 835,  441 

6,  015, 923 

47,159,963 

g 

962, 961 

781,  545 

819, 160 

1, 746, 620 

719,  504 

1, 176, 318 

441,  638 

1,947,987 

ifl 

1,091,360 

1, 140.  569 

1, 293.  523 

3,418.425 

1,598,300 

3, 306,  599 

2,111,622 

9,  204,  500 

11 

527, 298 

625,  246 

932,  510 

3,  634, 746 

1,848,058 

5, 229, 485 

1,  563,  608 

26, 480, 658 

12 

263, 143 

279,  662 

323,  705 

925,  905 

412, 303 

1, 178, 280 

405,  702 

1,410,545 

1; 

1, 778,  760 

1, 479,  608 

1,514,925 

3,561,406 

1, 477, 425 

2, 674, 852 

1,262,623 

5, 729, 434 

1' 

411,258 

477, 043 

566, 198 

1,681,967 

728, 101 

1,391,522 

639,  686 

3,  265, 641 

IS 

974,832 

791, 186 

787, 162 

1,726,956 

619, 369 

1,121,616 

408,857 

878,802 

16 

4,059,938 

3, 992, 487 

4,  662, 859 

13, 242, 115 

6, 164, 321 

13,835,441 

6,015,923 

47,159,963 

17 

2,  022. 842 

1,  399, 142 

1,211,286 

2, 292,  833 

862, 398 

1, 539, 629 

257,  777 

1, 525,  716 

18 

464,  272 

271, 027 

271,  960 

703, 989 

279, 505 

707, 784 

393,  095 

2, 414, 822 

1! 

13.  936 

21,  363 

24,  371 

89, 431 

43,  502 

115,  718 

31,  263 

665,  768 

2( 

124,  487 

51,  377 

47,  803 

100,  736 

33, 890 

61,  594 

23,  394 

140,  537 

2] 

6,749 

9,226 

8,761 

21,931 

7,193 

15,  851 

8,857 

6,788 

22 

2,304 

2,980 

4.428 

17, 244 

9,467 

24,  577 

18,  257 

86, 340 

Z: 

24,092 

19, 105 

18, 635 

42,315 

17,  210 

27,805 

7,379 

35, 981 

24 

622 

1,134 

1,703 

7,182 

3,672 

8,144 

1,785 

13,  586 

25 

525 

2,500 

4,118 

16, 942 

8,583 

25, 332 

5,153 

131,  036 

26 

2,  659,  830 

1,777,852 

1,  593,  066 

3, 292,  603 

1,  265,  422 

2,  526, 435 

746, 960 

6, 020,  573 

27 

1,  674, 383 

1, 150,  572 

992,  064 

1, 887, 641 

711,020 

1,  286,  009 

175, 984 

1, 257, 211 

28 

292,  627 

101,699 

97,  713 

258, 474 

108,  301 

303,  908 

236,  534 

1,  647, 629 

2t 

95, 105 

50, 928 

36, 435 

55, 095 

14. 391 

21, 183 

4,659 

12,  559 

3t 

40,  776 

22, 962 

21,  440 

51,  587 

15,  034 

28,  291 

8,672 

32,  652 

31 

37,  548 

28,  252 

30, 495 

74,  759 

26, 066 

78, 681 

15, 640 

40,  791 

32 

68,  004 

66, 160 

75,  578 

195, 870 

87,  213 

195, 631 

112,208 

441,  509 

33 

62, 391 

67,  365 

60, 236 

130, 065 

48, 830 

98,415 

43, 347 

224, 922 

34 

697 

124 

161 

531 

130 

162 

42 

172 

35 

73,  263 

63, 457 

68, 455 

163, 876 

66,  428 

134,  453 

45,  579 

159, 176 

36 

2,695 

4,365 

6,581 

19,  002 

9,777 

19,  230 

15, 241 

17, 782 

37 

7,923 

8,551 

15,  945 

26,  695 

6,340 

11,914 

4,401 

1,877 

38 

463, 045 

352,  000 

336,  588 

753,  047 

292, 833 

619, 448 

173,  560 

1,313,018 

39 

2, 818,  457 

1, 906, 434 

1,  741,  690 

3,  616,  642 

1,  386, 363 

2,  797, 324 

835, 866 

5, 149, 298 

40 

158,  628 

128,  582 

148,  624 

324,  040 

120,  942 

270, 889 

88, 906 

128,  725 

41 

159, 153 

131, 082 

152,  742 

340,  982 

129,  525 

296,  222 

94, 059 

259,  761 

42 

5,909 

9,500 

9,480 

25,  029 

12,311 

41,  586 

20,  726 

61,313 

43 

625 

815 

995 

5,373 

190 

765 

44 

98 


STATISTICS   OF   INCOME 


•  Excludes  returns  for  inactive  corporations  and  returns  with  fragmentary  balance  sheet  data. 

»  See  text,  pp.  2.'>,  27. 

3  Includes  cash  in  till  and  deposits  in  bank. 

<  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. 

«  See  text,  p.  27. 

'  "Total  assets"  means  the  sum  of  the  asset  items  or  the  sum  of  the  liability  items  reported  on  the  balance 
sheet  of  the  return  less  any  deficit. 

'  Gross  sales  where  inventories  are  an  income-determining  factor.  For  "cost  of  goods  sold,"  see  "deduc- 
tions." 

8  fJross  receipts  from  operations  where  inventories  are  not  an  income-determining  factor.  For  "cost  of 
operations,"  see  "deductions." 

9  Dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective 
revenue  acts  (item  12  (a),  p.  2,  of  return). 

1"  Includes  United  States  savings  bonds  and  Treasury  bonds  owned  in  principal  amount  of  over  $5,000, 
and  obligations  of  instrumentalities  of  the  United  States  (other  than  those  issued  under  Federal  Farm  Loan 
Act  or  such  act  as  amended)  reported  as  item  8.  p.  2,  of  return. 

"  Includes  obligations  of  States  and  Territories  or  political  subdivisions  thereof,  securities  issued  under 
Federal  Farm  Loan  Act,  or  such  act  as  amended,  obligations  of  the  United  States  issued  on  or  before  Sep- 
tember 1,  1917,  Treasury  notes,  Treasury  bills.  Treasury  certificates  of  indebtedness,  and  United  States 
savings  bonds  and  Treasury  bonds  ownsd  in  principal  amount  of  $5,000  or  less. 

12  Excludes  nontaxable  income  other  than  interest  on  tax-exempt  obligations  reported  in  schedule  M  of  the 
return.  Unlike  former  years,  dividends  received  from  domestic  corporations  are  included  in  taxable  income 
instead  of  in  tax-exempt  income. 

'3  Includes  taxes  which  are  reported  in  "cost  of  goods  sold."    For  method  of  tabulation,  see  p.  23. 

■'  Includes  taxes  which  are  reported  in  "cost  of  operations."    For  method  of  tabulation,  see  p.  23. 

15  Excludes  compensation  of  officers  of  life  insurance  companies  which  file  Form  1120L. 

'6  Excludes  ta.xes  tabulated  under  "cost  of  goods  sold"  and  "cost  of  operations." 

i~  Limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts  on  returns  with  year  ended 
Dec.  31,  1936,  and  thereafter. 

18  For  limitation  of  amount  of  net  capital  loss  that  may  be  allowed,  see  section  of  this  report  entitled  "Rev- 
enue Acts  of  1913-1936  and  certain  tax  provisions  of  National  Industrial  Recovery  Act  (1933);  also  the  special 
excise  tax  under  the  act  of  Aug.  .5,  1909,"  p.  199,  footnote  S(d). 

19  Unlike  former  years,  compiled  deductions  and  compiled  net  profits  are  affected  by  the  inclusion  in 
deductions  of  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or 
gifts)  on  returns  with  year  ended  Dec.  31,  1936,  and  thereafter. 

20  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  is  based  on  the 
net  income  for  income  tax  computation  (item  29,  p.  2  of  the  return) .  Unlike  former  years,  net  income  for  income 
tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I 
of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain  Government  obliga- 
tions, which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  contributions  or  gifts  (limited 
to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess-profits  tax  (item  28,  p.  2  of 
return).  The  amount  of  "net  income"  or  "deficit"  represents  the  net  income  for  excess-profits  tax  com- 
putation (item  27,  p.  2  of  return),  which,  unlike  former  years,  includes  the  above-mentioned  dividends 
received  and  interest  received  on  certain  Government  obligations,  and  excludes  the  above-mentioned 
contributions  or  gifts.  Net  income  is  less  than  compiled  net  profit  and  deficit  is  greater  than  compiled  net 
loss  by  the  amount  of  wholly  tax-exempt  interest  received  on  Government  obligations. 

21  Includes  the  following  amounts:  Income  tax  of  $58,681,787,  reported  on  returns  with  fiscal  year  ended 
prior  to  Dec.  31, 1936  (and  returns  with  part  year  which  began  in  1935);  graduated  normal  tax  of  .$893,336,837, 
and  flat  normal  tax  of  $30,921,867  for  corporations  exempt  from  the  graduated  rates,  reported  on  returns  for 
the  calendar  year  1936  and  for  fiscal  year  or  part  year  ended  in  period  January  through  June  1937. 

"  Comp'led  net  loss  or  deficit. 
"  Compiled  net  loss  plus  total  tax 


STATISTICS    OF   INCOME 


99 


S  o 


I — .  00 
01      I 

OS    '^ 

a  o 

o   p 
j:  — ' 


-  a 

.2  r 

—  -o 

i?  a 


•  CO    «         S 


05   a 


fen  S 
4>  a 


^.. 

--OTJ 

«.>g-3 

Q'o.ga 

t^i- 

a 

o« 

s« 

Z 

Ota 

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5:? 

cri   CD  "® 

"* 

o  a) 


'  s  s  2  3 


SOT33  §.5 


O  •-*  1-3  .-H  03  <D 

5o3^'3-a 


C3_2 

o  o 


985 
1,452 
3,600 
3,590 
4.276 
12,296 
7,147 

ICO 

00 

co" 

1,601 
2,433 
5,384 
4,462 
6,359 
15, 020 
7,941 

■0 

CM 

1,601 
2,433 
5,388 
4,487 
6,382 
15, 088 
8,059 

i 

■^ 

s 
s 

26,017 
29,  135 
51,  936 
38,  772 
46, 849 
118, 177 
59,  544 

IK 

: 

CD 

•c 

7,629 
5,  458 
8,659 
1,802 
2,111 
3,  726 
4,784 

IS 

1 

to 

CO 

00- 

17,  623 
22,  807 
40,  902 
34,  518 
40,  508 
106,  952 
50, 192 

100 

10 

i 

s 

■* 

»  1,  772 
9  450 
6,989 
17,  805 
25,  479 
87,  333 
39,  262 

ICO 

10 

|0 

13,  451 
19, 144 
49,  34S 
44,  643 
61,  794 
135,  567 
49,  966 

1  >o 

I  rf 

CO 

10 

513 

1,  052 

2,  624 
2,181 
4,493 
9, 015 
5,863 

0 

CO 

2,112 
3,232 
10,  292 
8, 406 
11,676 
13,934 
10,411 

.  CM 

1  ■<}* 
IN 

to 

5,  520 
8,177 

16.  775 
13.  802 

17,  093 
28,  629 
23, 999 

IS 

ICO 

It^ 

CO 

21.C89 
33, 972 
91,943 
90.  976 
127.  475 
295.  500 
142,  948 

loc 
lo 

0 
0 

12,  840 
20,  845 
54, 973 
56,  761 
75, 145 
157,112 
72,  353 

100 

101 

is 

s 

0 

s 

2,  546 
4,853 
13, 308 
11,486 
12,622 
34,  525 
12,  744 

lo: 
Ib-T 

1 

4,021 
4,818 
12,  392 
11,  168 
15, 898 
37,  222 
21,  703 

;£ 
;" 

(M^Cit^tOO^OS 
t^  t^  t^  >0  00  iO  (N  _ 
00  ■*  U5  M  rt  r-l          " 

*      1 

CM 

Under  50 

50-100 

100-250. 

250-500 

500-1,000 

1,000-5.000 

5,000-10,000.... 

10.000-50,000  « 

.50.000-100.000 

i| 

0.2 
So 

"ca 
0 
Eh 

.— I  -tf  to  CD  to  -^  CO 
CO  CO  CD  CM  O  to  '^ 
CO    i-H  to  "^  l>  CM 


TfOlCMOCOCMOSCM 
OOOCOOSO'^COtO 
OOSTPt^C3SCOCOCO 


rrco'^'^CMto.-H 


OSOOCOCOOSh-COtO 

osos^t^cot>-coco 


COfO-^TTCMtOi-H 


COCMCOt--COOS"^CM 

r^cotoeoooooooo 
cocor^tocot^ooo 

c^T  — T  ^''  '^"oto  CO*  .-H 

CO  CM  CO  CM  CM  CO  T-H 


OCMCMiOCCi— 'CM>:J' 

COOOCOOCtOO"-"-^ 
to  OS  0  O  "^  CD  to  CO 


OS  to  CO  CM  CM  CM 


COCOi-HOOCMOOOtO 
COOOO'-H'^t^-OO 

r--oOi-HO"«*'or^co 

•-H   "^  *t   ^  CD  OS  Tj?" 

C^l  *-i  CM  CM  fH  CM  T-i 


ocM"^'«rCMCMr--QO 
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r-tr^cocoi^coos-^ 

»-H  t^lCoO  CO**    OSt^T 


CMt-CCCOr-HiOCSO 

r-»-*r-.OCTfCCOOO 
b-.'^Os>— <0'^'— 'to 

O  ^^  O^  ^  CM  i-T  00  TjT 
TPCOCDt*COtOCM.-t 


CO  cr'  "^  »—  OS  OS  oi 
10  crs  Tf  OS  o  CM  Tj* 

rf  to  CO  »0  to  OS  00 
CM  CM  to  00  ^  Os" -^ 


COTj^i^COtOCMCMt>- 

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CMOSCCl-^T^i-HtOi-H 

CO  Os"  f-T  .-T  t>r  CM*  CO  CD 


CM  CM  CM  t^  »-« 


r-TftOCMCOCMOCTT 
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t^tOOOtO-^l^COOB 


CMoscotooob-r-.-( 

CM.-ICOCOCMIO.-HI-H 


CMOOOStO-— •CO'-HtO 
OStOCOCOCOO-tOO 
O»OI^0SCM0CtOCM 


oocor^r^OiCO'^c 

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i-H   1-1   -H   CO 


COtCCOOs-— 'TTCCCO 
^OCOto-rft^-»*-0 
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eocot^ocoscococo 


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i^00tOtOrJ<Tj«OSi— « 
COOSCOtOi— iCMCDOO 

to  CO  CO  r-T  CO  •'l^  CD 


w  CO  r-  o  t^  o  c>:  CO 

CO^OC-fOOCOO 
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CO*  CO  ^  CO  c  to -^J^  CO 


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.   'ooSuf2?To 
J^Jiig-  I    1000 


,oo>oc 


-000 


'»rD.-HCMiOr-viOT-l»OrH 


100 


STATISTICS    OF   INCOME 


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, 

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c^-^-— <r^»oait-oicot^ 

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r-(r-l.-HTf(NCOC0-<J^ 


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cocsTt^dosc^i— •■f^osco 


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■•COOOi— t-H»OOCOOCO 
»-f  i-H  CO  C^I  10  •— I  t-. 


COOOOUOiOCOCOOOCl 
rHt^CO^OOSi-lCOCOTtl 

t-Ti-Tio^ooiTj^ioiv^or 


1— «coccoriomcior>co-f< 
ClOOicriOitMh-iOor-,  CO 

ooso5Cor--ioa5Tfcoo 

i-T  t-H  tJh"  t^  Oi  00  w  -^  (>f  T^ 


OO'^COi— liOOOiC^T 


.    ...         » !-<  in    I 

OOOrt*-^>-HOliOiOOOCO 
00  Oi"  CO  CO  c^  w  c?r  C^ J  00  >--" 


COCOC<lS-t<iOiiOGO*^'— I 


■'O'~'cor^o:m.-*b,co 
sincor^rM.— (cocooco 

»-l'-HC<|00lOC0iO»O 


1— I  00  CO  —I  I 


>  10  »o  1— '  o>  o 


>  Oi  t^  -^f  O  CO  CO  CO 

7^  o  o  TfJ"  r-T  ,-T  crT  -^  rC  oj" 

(Mcooo^-Tfti— (i>J00b-l:^ 

rH  ^  m  CO  t^  C^  I^ 


"^Ob-tOCOOlOli— if^CO 
COOOOSOC^OOOiC^Ci 

c^f-^b^co-^Gor-Toi 


ocooo  Oicooinot^ 
coooTfib-.— lOOiincoQC 

^C^"^rHCOiOCCCOOOCl 


oO'-HCDTj*c<)oor^coTt* 


)  CO  1^  to  t^t^ 


M^OOIOiC^OOb-CO 
(O  b-  CO  ■<**  CO  CO 


50  »no^ 

J-^OOiOO^-OOO 

(-^int-HfMiC-— iici-H»nT-i 


253 

126 

480 

1,019 

1,  823 

2.763 

598 

758 

1  o- 

iO 

;o 

1  (M* 

00 
33" 

0  CO  CO  CO -r  w  CO  as     1 
-^  CO  CO  CO  00  i-H  r^  CO     1 
T-Hcoo»oi-^aicoio     1 

^  CO  0"  0  CO  CO  CO  CO       1 

1  00 
1  0 
1  ^ 

<n" 

^c6o»nt^i-^co^     I 

■-H  CO  0  0  CO'cO  CO  CO       1 

■  o 

CI 

g 

of 

47. 113 
37.  546 
72.  243 
65.  381 
80.  884 

194. 833 
73. 154 

232,  088 

ii 

00 

10 
0 
0 

25. 142 
16, 089 
27. 014 
4.363 
2.818 
6,985 
3.056 
7.036 

l03 
1  .rtl 

en 

19. 932 

19. 857 
41.890 
57.  540 
73,  768 

179,  972 
67,  224 

215.  474 

iO> 
ICC 

00 
CO 
00 

991,212 
9  42.  371 
9  76, 157 
9  55,  231 
9  34,  595 
39,  699 
26,  971 
135, 946 

1 1^ 

1  .^ 

1  CO 

s 

93,  494 

69,  .555 
149,  016 
156, 987 
174,  751 
.507,  386 
194,  005 
328, 150 

1  Oi 

i 

cn 

00 

5,320 
6,888 
12,  088 
10,  291 
18.  588 
46. 187 
19. 140 
43, 897 

I03 

1  co" 

1  ':1< 

i 

CD 

7,  890 

5,774 

21,  399 

26,  431 

45, 4.50 

137,  222 

88,  853 

185.  762 

Ic5 

ICO 

i 

to 

32,  927 
24,  065 
53,  017 
55,  913 
68,  908 

149,  249 
72, 043 

119.463 

i«3 
10 

0 

CD 

60. 162 
73.  374 
187.088 
213.  625 
305. 136 
987,  574 
443.  768 
874.  344 

ICO 

lib 

10 

i 

38.  767 
49,  207 
122, 628 
158,  883 
218,  804 
727,  844 
338, 100 
074, 353 

1  CO 

1    'TtH 
1    1:0 

loo 

1  ^ 

1m" 

1,782 
1,719 
3,715 
3,312 
5,564 

16,  306 
7,527 

16, 024 

loo 
1  0 

lo 

0 

CO 

1^ 

10,  929 
10,  718 
24,849 
23,  337 
32,  560 
79.  996 
30,  667 
63,  397 

l(N 

CO 

3,193 

1,024 

1, 164 

603 

432 

465 

64 

47 

87 

i 

1^ 

Under  50 

50-100 

100-2.50 

250-.500 

500-1,000 

1,000-5,000 

5,000-10,000.... 

10,000-50,000 

50,000-100,000  8 

:3  0 

It 

5o 

3 

0 

STATISTICS    OF   INCOME 


101 


lo' r^  r-T  rC-T  c^r  CO  oT  t^  00 

•-H<NCOO'^CO(M":)COO 
i-K-i  tT  CS  lO  <M  O 


OOOOCOI>-iOOCOOC^ 

■-H  o  Tj*" c^ oTod" h-'co" lo"^ 

CO-^CCI^COC^OO-Hi— I 

.-lr-^(^^^-cooocor-l 


t^coor^ccoi'^oico»o 

Ci0t>-C0'-t<£:<NOTf»O^- 

f-T  to '^  CO  o  of  o  oT  t-*"  <d" 

.— Ii-H.— II>.CO00COi— I 


CCCOOiOK^iCOCO^OiO 

h-ior-r^ooo<— tc^too 

Ocoo^ot^t^OfMoocn 


Tt-Tt-(Maio:ooO(Mr-co 

CDCO-^-^iOCO-rrO-— Id 

i-T  i-T  c^  C4"  cc"  CO  CO  t-^  CO  (>r 

coh--— 'C')»c-:j'Tt*-— i<oco 
r-oicocDt^aior^coo 
Oi-'j^'— •r^cocoiocN'^^'C^ 

Cf  CO"  t^"  0~  (M*  O*  O"  TjT  Tt*"  C^ 
COCO^(M(N<:DC^'^'*CO 


co»-':'0'^"^"^ooc^t0"<*< 

CDCNl>-'^O500OiiOiO00 

-rtT  ^"  o' r^  lo" o  cs  00  CO  o" 
osc^t^ascncow^oioc^ 

O5(Nt>-00C0"^CO'<ti00a5 


i-ltNlMCOCOCOt^C^— I 


::  I 


C^tDCOO^OCCVICOOcC'^ 
(N  O  (M  ^  CO  CO  •*  ir^  O)  (N 
1-iCOtNCOOOCDOI^fM 


t^COi— 'OOcOCOCftO^ 


;  CNco  »o  CO  »o  I 


5.-I  ^  t^  O  "^ 


COOiOOlM-^--tTj*OGOC^ 

Tt<  CD  CO  Cl  Tf  iC  "X;  CO  I-^  .-« 

osococcTj<cor--ooit^ 
of^odoTi-Tt^-cD  od  c^oo" 

OW5O^'*lMr^C0CM0 
C^C^CO<»00-^'-*CSCNO 

ofi-Tco'— Tio" 

(NCOCOO'—iiO'^GOCiCO 
COOCOC^'^COCCOO'— < 
OCO^Oi— tOOOCOO'-iiO 

CO' rjT o" CO  CC  CO  »o' CO*  co" ^^ 

1— (C^ocoO'^t--cor^oi 

1— I  C^  !>.  CO  Oi  CO  CO 


c^oir-coOiococ^t-co 
^.-HiococoiMcor^ioo 
dcocsr^coot^oco"^ 

TjT  co' i^  of --h"  lO"  C^* '^  C4 '*" 

tHCSCOCO'-'OcD  —  OlOi 

1— I  CO  C^  CO  CO  o 


C^I-rffNOit^COTfi-HOiiO 

r-tcoc^oot^t^oscooeo 

t^t-iOCOlMOIOS'-'COOS 

CO  O  co' <-<"  o  CD  CO  .-T  i-T  tC 

OCOO-— "COOOt^OTTO 

t-Ht-H  coco  CO  coco  coco  i-H 


ICOCDOIOIO 


CD"^-^iOTf«-._ 

oco-— '•— tor-osoi^oo 

oT  CO  co"  »o  »o  to"  oT  r-"  o"  od" 
iOcO'-«'-Ho:co'Mt^i^cs 

C0*0-^I>-C^OCD»-H^-0 

i-T  w"  of  i>r  CO  oT  co^o" 

i-HTj-oir-.-icocou:)Tf'oi 
lOr^-HcoOi'-'Ot^cO'— I 

•<jiTj*OCOOOCO"^0^00 

oT  od"  Tt^'  -rt^' CO  CO  00  »c  00*"  »o 

OCDCOOOOlOOt-»OCO 
i-Hi-^-^iOCO^OCOCOCO-^ 

ofi-rco*''-rio" 

COt-COOOCO-rfOOiO-t^O 

I— <cocDcoiooiooo)oa 

•OcDOIlr^'OCD'— ii— •t^'Tj' 

-^'od  arco*"t^*"'-rco  of  I    .. 

I>-i-H05'-HC0O'-0»DO0i 
»-ICO'^*ClOt-t-^l--.r-( 

i-h"       ^''       of 

■^■r^oococo^o•— «oir--co 

OlOOOOit^iOTtHio^iO 
0)C0t^C0CiO'<f'-<GCC0 

oT  CO  r^  od"  ^' CO  »o  lo' cT  no" 
cooocor^cocotoior^^- 


1-*  T-H  Ol 


O1C0C0I>-'-<»OC0t 

O  O  CO  '■^  CO  ^  O)  '■ 
TfTfCOGOO^CO'O'' 

lor^od  Tf^co'co" 


I    I    I    I    I    I  a> 

;  i  i  idSo 
:  idssg-g 


io  oi' 


_r  r  J  o  o  o 

-,-  '7  o  o  o  o  o 
,  o  o  o  o  ^^Ho  o  o 


OlCOO^COOCOcOCOOiO 
-— iC0'*C0t--O'— i-rfOOl 
O'^OC'T'OIOOOOOICO 

i-T     .-Tof  of  t-^of  to'T-Ti^r 


ocoojoi^rf'-HiocO'-iio 

COOOO)-— iCOOlOOOlOi-i 


■Tt^-rt^OiCOcOOOOiCOlOOJ 
lOOJCOCOCOCO-— (COo,    --1 


OIOO'-HO'-HCOt^r-HOi— I 

■-:J^ -^  OT  CO*"  CO  CO  OT  C<r  lO  of 
lOO^COCOCOCDi— iCO-,    <— < 


i-io»r--oi:--t--co»oior- 

OlCO'CCOCO'^^^OOOO) 

oicooooico-^ost^oos 


OI01COO^COOOO»0010 
■*fCOOICJ)CD00CO»DiOiO 
O'OC0C0C0C0»O00'-H»O 


COr^OCDCOCTJCsOCOCO 
»OiOOOO'— 'O'rt'CO^O 
O-— (rHiQ'rrb-'^-^OJCO 


lOOlTt^iOTfOICO'-HTt^iO 
OOOIOI  Ol         .-<         i-H 


.-(--tCOCDOOOIwOOCOOO 
T-(COOCOOOOOiOiOcD 
T}<c0i0r-(00i0t-01> 


OOJOCOCOCOOOCOCO--? 
05iOr--CDCOCO»OCO'~HiO 


CO"*COOI'— 'ClCOOO^iO 
CO-^O^OOCOTfiOOcDt^ 


OOSwiOOOIOI-^OOiO 
COOOOCO-^cOCOi-HOIr-^ 


cooio3r^t--oocooooo 

OCO»DCOCOiOCOCJSt^t— 

CO'— '-^oi-rf'^oO'— ir-ir-- 


oiioojcO'-HoocDOiaico 
»oojooeo'*r-cooicooo 

COOJCOCOCOCOOl'^^^^iO 


ojTfoO'^'cr^cocoTfCO 

OCOCOCOI^CO— 'COCOiO 
"Tj^OOiOlt^iOiOO^OcO 


1— ih-C0'^f*^C00IO'*O 
C00^CDC005"*01i:^C0O 


.— iiOiOh-OOOOCO^^O 
OTf^O^OIOliOOcOOIOa 

i-Hr-Ht^COOCOCOOlOOiO 


OOcOCDCft^OCOOlOCOCO 
COCOCDt^Oi'*01'-H0505 


CiC0'--.C0'-H00O»O"*C0 
lOOJiOOlrJ^OJ^rOOCOO 
OICO"«J*OOTpOt^^O»i-i 


Ol  ^  -H  ^  (M  lO  'rf  03  Tti  CO 
OO^OCOOO^OOiCOOi 

Ol  ^  Ol  ^  i-H  CO  — I  1-H  t-" 


oicooioo-^cococor^ 

(»0010)OClO*00)CO 

^TjiOior^ococoQOt^ 


lor-co-— 'Oico-^i— "COCO 

iCiOOOCOCO^OlCOOl^ 
rJ*COCOCOI^t~*t^COCOCO 

i-T      r-T     of 


ICCTJCDCDIOCOOO'-HOSO) 
OICOO-^OOI^CS^I^ 

ioo)oi'-HOicooe":-cDC5 


»OO^CO»C'-HiCOOt-Tt*CS 
CD-^OOO-'f'— T^-^COCO 

.-ii-HOlCOCOCCCOCOi-iCO 


cococot^ooocor^'-HO. 
t^-^ior-co'— 'COCOCO.-H 

COO^-rf^COCOi-icOCDOS 


oooort^ocoitci— ir-r-r^ 

COCOCOOIC001(N«^COOO 
rH  r-t  1-1  CS  .-1  rH  CO 


OiCOCOOICOCDCOOcO'**' 

iocoioci»ococor-»— 'I— I 

OOOOIiOO'— iCOOOOr-t 


b-b-coo)^'^'*oor-Tt- 
cocO'^oiotcoosooiMr- 

^  rt  r-.  T-H  Ol  »-H  CO 


1— iCOOOCOCOOOlOllOO 
OJ  CD  t^  Oi  ^  CD  O  t--         >— I 

t^  O  CO  GO  O  00  --« 


1^  lO  rf  .-<  r-t 


.  OOOn 


oo. 


O  o  O  r<^'R 


ccwi— »Tt<LOTt<cor--coo 

COCOCO-^^OCOOCDOCO 

CO'^OOOO'— <o»ooiooo 


r-ICOOCOcOlOI>t^OOCO 
rHi-Hi-lT}«i-(CO'^CO 


cot^«^roiOicoiO'^-+^ 

t--iOOiCJir-COOt0001 

OOOScDOO'O'^OiOi'^CO 

CO  iO" »0" cT -^ CD  CO  O  lO" CO 
i-ii-lO»C0010SCDt- 


tO'-'OOOCOCOt~^OIrt*ai 

t^oscot^ioo^t^coco 
ooa5i>>o)CDooooib-o 
CO  lo"  »o"cr  TiT  CD  h-"  T-T  irT  i>r 

i-IrHOICOOIOS«:>t^ 


<D-^'-t.— fOOOl-— <00iC 
'^OOCOOCOt-i— iCOr-tOO 
COI^-'^OlOlt^iOOlO'* 


cocoiO»r:05uocD>oco-^ 
oooj05coOTt*i— (cooor^ 
,-iOiTrOCD'^t^oicO'^ 


I^COt^ClCOCO'^OOO'-" 

or^TT'r-oooiTt^'^cooi 

OOOOi-i'^COiOOOrHOI 

lo  of  od"  T-T  CO  CO  of  CD  of  oi" 


i0C»'-<O|T-|i0Ot0*H00 
OCOt-OiOOSOSb^OOT-i 

OOCO'OOi'^OS'-HCOOO 


cDOicoaiooit--.Tpicoo 

b-.— "OOOJOOlOiOcOOl 
1— lOl'^^OCD^t^OlCO-^ 


r-H  ,-H  Ol 


-^**cDco^r^oicooi-HO 

•rfCD*-Hr--01COG001COCD 
C0C0»-*01OC00100^00 


COOt^OCDCOt^OS 
1-1         CO--<  Ol 


lOrt^-— iOC0r^'*t--»O'^ 

oocDou:i-^cocoT-«ai'-f 

OJCOOS'^J^'-'t^t^Ot^'^ 

f-T  rC  of  of  oT  lo' oT  co"co"  CO " 

OlCOOOCOOS'^'-'t^cOOO 


COT-*Tt*CDCD-^^-001iO 
oico*ocooi.— tCOOOCOiO 

010>Tt<COi— icocdtj^osO 

i-T  c<r  of  CO  CO  CD  CO  oT  of  oT 
.-ir-<oit^cooir-o 


t^or^oi^Hrooocooico 

I>-a>OS001GOCOTfCDCO 

t>.cotOTj<cocicoi>-r~-co 


CqT^^COOiCOOCOOOiO 


coot— OiCCOCOOlCiCD 

r-t-o)oiooO'-"-icooo 


Olt^ocor^coco-^cow 

,-i»-lTt*Tt<'Tt<0^rt*00CDO 


oit^Oco^t;--^t^oor-- 

lOOSOCt^-^OOS'-fOlOl 
OOiOiOCOCOOlOSOOl 


OOOiCi-OOiiOiOOsOi'— ' 

■^r»asoit^iOTj«iot^oi 

i-<010H^C0O^C0 


r^'Tj^cO'— 't^oiOCDOOi 

OOlCOTfiCCDTT^OOOiCO 


■***r^ot^cDOi<— 'cocoo 

OICOOOO'— <t-'^01-^0i 


iO00t~-"*«-'01C0OI'~iOl 

OSCDOiTt^OSCOTPOli— 100 
OCOOOOit^OOOOlOlOl 


00"^OOt*<C001cO»OCO 
T-(C0i0C00000O-^01 


T-1  Ol— I    01 


cDOlt-iOt^OO'— 'O^^ 
1— toior-t— — (Qor^OO 

t-CO'-'COCOt^OlOCOOO 


01COiC001COCOCO'«^00 

I— (I— (■rJ'iOCO'OCDOiCOO 


oi-^oicor^r^ocooioo 
coasoiTf^asr^O"^ 


9S§ 


OOOj-j-g        S 


-  o  a 
-  -w      o  o  S 

~  »0  .-I    I     I   o 
I     I  ooo 

o  "o  o  '-I'-Co  o  o 


102 


STATISTICS    or   INCOME 


On:;  a' 


■-.  o  a  13 
Ogog 


3  a  §  M     « 
■a,  3  -a  «  ?3  o 

M  03-3  ^      "^ 


S i2  °-- 


O  'S^a'^ 


0«gS£^ 


a£a5§^ 


10  IM  iTO  M*00  O 
CO  OS  05  030  »0 

»0   CO  c^  »o  -^ 


C^  00  lO  lO  o  01  *o 

^  ^  »0  ^  -HH  Trf<  (M 

CO  lo  ^  t^o  a>  '^ 
CO  im"  lo'co'c^  »o'^ 


c^  r^  m  i-(  10  -t<  o 

'rf  ,-(  IC  i-H  (>1  C^  (M 

CO  O  --H  h-  O  01  Tt« 
CO  CO  10"  CO"  Cl'  trf  ^ 


OS  CO  (M  CO  ^  O  --* 
-rt<  05  10  cn  O  -— I  O 
I-<  t^  CO  r-t  Oi  '^  CO 


•-H  lO  00  lO  Oi  CO  CO 

00^  r^  -^  ^  ^  -H 

1-H  ^  W  i-H  1-H  CO  ^ 


"^  CO  -rf*  O  O  •-<  CO 

M  h-  r^  GO  '^  CO  OS 

00  CO  CO  t^  CO  Oi  tO 


coco  C^  i-r   ^^ 


CO  CO  h-  '^  CO  O  GO 

Tf<  in  CO  oi  CO  ^  o 


CO  <-H  'tj*  (M  CO  o^  r-* 

It-  .-I  t^  '•^^  ^  O  ^ 
rH  ,-1  f-t  T-H  .-H  CO -H 


UO  CO  O  GO -^  00  t- 

t^  CO  t--  f-  -^  GO  00 

r-.  o  -^  !>■  o  00  »-< 


CO  OS  ^  W  r-H  lOl 


^  ^^  OS  Tt<  ^  l^  '— < 

CO  b-  r--  CO  Tt<  -^  00 

00  CO  -*  00  CO  CS  CO 

r-T  (N  CO*  ci  cT  c^f  o 

'^  CO  »0  CO  C^  CO  »-* 


OS  O  lO  CO  CO  QO  CO 

CO  O  ■^  O  -^  CO  t— 

OS  Tt<  00  r^  OS  -*  <-H 


CO  CO  00  !>•  CD  O  OS 


00  00  CTS  O  CO  CO  CO 
10  O  O  00  10  CM  OJ 

CO  co~  cm"  O" -^' '^'"  o 

i-H  r-l  1-t  -rj*  CM 


000  CM  OS  OS  ^  CM 
CO  10  lO  ^  10  1-*  OS 
GO  00  00  <N  CM  --H  r>. 

-^  r-T  GO  cm"  CO  oT  T-T 

CM  .-<  C^l  C^  1-H  CM 


CO  CO  10  03  ^  O  ^H 
CM  OS  10  -^  O  CM  -^ 
CO  '^  CO  O  CM  -— t  Tt< 

OS  ^  OS  ^H  1—1  OS  CO 
10  lO  OS  00  t*  O  CO 


»o  CO  10  CO  c^i  r--  CO 

t-*  CM  OS  OS  CM  OS  ^ 

o"  oT  CO  ■^  CO  o  "^ 

CO  CM  »0  Tjf  00  •-«  CO 


t-,  -rr  O  O  ^  O  CM 
OS  OS  OS  CO  O  CM  OS 


.-1  T-H  i-H  CO  r 


I-- CO 'rt*  t-H  C*» '-'  CM 
10  1— I  »0  CO  -— <  CM  CO 

t^  r-^  CO  CO  OS  10  CO 
CM*  o*  r^  CO  cm"  op"  CO 


5  OS  h-  <-<  CO  10  00  t* 
)  CO  -^  coo  O      „ 

Jt^COCMrH  rH  *" 


POc 
40   f 


go 
'o>o 


7i. 


t^  O  OS  »0  <-(  CM  ^ 

r^  00  CO  r-  "^  i-(  TjH 

O  '-H  00  C^  00  O  --H 
CO  CO  *0  |C  oi" -Ti^  CO 


f^  CO  CM  CO  c^i  r^  .— < 

CO  no  't'  O  CO  00  OS 
CO  to  »0  CO  CM  CO  f^ 

TjT '^  00 --H  hC  ^  CO 

T-H  .-(  10  f-H 


CO  10  00  00  CO  CM  00 
in  lo  -^  .--«  lO  cc  r- 
CO  10  lo  CO  CM  r--  00 

■^  Tj7  00  ^  b^  ^*  CO 


"^  OS  CM  iO  CO  OTi  00 

Tt<  t--  -H  --t<  1— I  00  — f 

10  T-H  CO  O  O  CO  Tt< 

c-i"  CO  10  c^"  ctT  Tt^  r-T 

■^  ■*  OS  O  10  CO  lO 


CO  r^  CM  00  CO  TT  ,—1 


O  "O  CC'  OS  "^  CO  rfi 
CM  !>•  -t<  t^  CO  -^  t^ 

t^  rH  .-I  --H  00  ■-<  00 


O  10  -^  CO  CO  t-  c^ 


I^  CJ  lO  t^  01  OS  Cvi 

h^  -rf  -^  OJ  lO  CO  CO 

o  o  b-  r^  CO  00  CO 

i-T  -^ji"  00  CO  CM  CO  C- J" 
1-H  CO  .-H  iO 


CM  t--.  CO  CO  CO  10  GO 
1-H  -^  O  C7)  OS  CO  '-t 
OS  OS  t-  Tp  CO  CO  GO 

t^  CO  tC  CO  M^  "^  lo 


C^  t^  O  OS  -^  OS  ■-< 
CO  -^  O  OS  O  rf  10 


O  CO  <0  Oi  OS  OS  •—! 

r^  »o  00  -^  00  "^  r- 

b-  GO  CO  OS  -^  00  CO 
CM  CO  CO  OS  CO 


CO  CO  00  oc  Tf<  CM  r 


■<  CO  CO  OC  C^I 

O  lO  CM  C7S  -^  C 

CO  CO  -"H  CM  OC*  C^f  •^* 
rH  1-H  .-H  CO  CO 


O  CM  CO  O  OS  m  CO 
CO  00  01  OS  Tj*  lO  CO 

"Tj^"  OS  10  >0  |C  — r  CO 
i-H  i-l  Tjl  <0  O  CI  »o 


b-  O  OS  OS  O'  •— ■  CO 

h-  CO  r--  o  oc  -H  Tf* 
OS  ^  o  OS  c-j  c:  t- 

CD  GO  O  Tp  TT  Os"  CO 


CS  C^l  CM  CO  OS  .— I  c^^ 
I--  CO  O  ^  CM  00  CO 

CM  CS  00  O  tC  Tj^"  o 


C<l  GO  CO  '— t  OS  CM  -^ 
CM  »0  CO  CO  t^  C^l  CO 

CM  -rJH  CO  t^  O  CO  — I 


CO  "^  OS  •— I  O  CO  OS 


CMCOOOCMCO'TfCMrHCM 

OCOCOCO'^COCM.-H  — 

COCMCM1-I.-I.-I      „"■ 


,_       '0^0*0^  I 

1000, 
cr;  O'  c  o  I 


STATISTICS    OF   INCOME 


103 


.-1  CO  OS  CM  -^      1      t      1      1      1      1 
o              -^            1      1      1      1      1      1 

o 

OS  rp  OS  '^  t^      1      t      I      '      '  t^ 

CO  '^  O  l^  T** t^ 

Cl  O  t^  lO  CO      1      ■      1      1      'OS 
^^^CM'r^       !        I        1        I        ICM 

OS  -^  00  -cr  t^      1       1      1      1      1  CO 
CM  O  SiOcO      I      I      '      I      !os 

i-T^i-Tcfi-T    1    1    1    1    1  CM 

19,  334 
13, 994 
30, 908 
37, 044 
27, 529 

61,"  160 

00 

1 

CO  ^  -If  ^  -^      1      1      1      1      lC<i 

§^?5S'^  1  !  1  1  ;S 

CO 

18, 542 
13,510 
30,  305 
36, 484 
27,  278 

"""60,"600 

00 

i^oo  — '  o     1     1    1    1     1  ira 

C^l  CO  ^  CO  — t ^o 

t^OOa.    CO      1      1      1      1      ICO 

.^eico      M     1    1     1     1     tio 

CO 

00 

7, 958 
5,  872 
12, 053 
18,  .542 
15, 494 

"'"'36,"022 

OS 

355 

974 

2,075 

3,541 

2,018 

"""'5,"499 

to 
■* 

819 

996 

4,448 

6,  724 

6,924 

"""i5,"036 

CD 

co" 

4,239 
3,354 
7,691 
9,481 
9,016 

"""7,"327 

s 

■* 

10, 085 
10,  286 
25,  799 
41,454 
37,  562 

""""86,"i83 

o 

CO 
(M 

4,814 
6,224 
14, 973 

25,  368 
24, 470 

""'42,"627 

So 

CO 

1,872 
1,996 
4,154 
6,252 
4,364 

""'i6,"869 

00 

1,827 
1, 692 
3,328 
3, 966 
3,983 

'""ii,"i55 

05 

a5cococccoira-..-i     .     .     i 
o  ^tO— 1  toco_  „       1     '     1 
tOt-i.-<.-l        „                   1      1      1 

§ 

UaderSO 

50-100 

100-250 

250-.500 

500-1,000. 

1,000-5,000  8 

5,000-10,000  8 

10,000-50,000  8 

50,000-100.000 

100,000  and  over... 
Classes  grouped... 

"a 
o 

104 

71 

32 

397 

266 

3,223 

1,747 

21,  051 

^ 

§ 

78 

79 

378 

373 

364 

4,912 

1,724 

24, 627 

is 

o 

78 

79 

381 

376 

364 

4,920 

1,724 

24,848 

■  to 

■  to 

'  o 

CM 
CM 

1,  839 

3,  215 

9,  426 

11,045 

7,684 

54,  393 

27,  775 

235,  251 

ICO 

•i 

too 

OS 

00C-4Or-.OCNiOC-l      1 
to  t^N         OOCO>0— 1      1 
,-1  W                                  C5      1 

itO 

s 

1,671 
2,910 
9,339 
10, 935 
7,483 
53,  878 
27.  299 
230, 014 

ICO 
100 

oo 

00 

cm" 

CO 

5 

248 

972 

1.297 

1.122 

13. 983 

11,790 

80,  240 

1 1^ 

I  CO 

1  o 

cc 
o' 

475 
233 
2,248 
2,673 
2,923 
18, 121 
8,  357 
72,  864 

i 

1  CO 

00 

c-)oiotr:i«cic».-i     1 

C^  iQ  t^  (N  lO  O  C  W^      1 

tl*  00  CC  T  <N  O      i 

ccTc^M    1 

TJH        1 

1  "If 
1 1^ 

100 

loo 

o 

CO 

-  ;g||-  i  i  1 

1  IO 
ICO 

1  -^ 

o 
to 

153 
392 
1,297 
1,  765 
1,475 
3,340 
1,747 
26, 109 

:8 

S5 

00 

oT 

696 

956 

6,365 

7,  358 

6,  524 

43,  720 

26, 108 

243, 988 

iCM 

OS 

99 

97 

784 

1,290 

1,608 

4,888 

3,001 

17, 482 

1 1^ 

1  C>) 

t  r* 

1  T). 

05 
CO 

241 

408 

2,099 

2,  546 

2,250 

26.  298 

15,  365 

108,  385 

i(M 

ICO 

00 
CO 

253 
369 
1,773 
2,  205 
1,693 
9.  559 
4,398 
36,  780 

100 

lt~ 

io 

1  •'T 

00 

i 

COrHCOM         ^         ^„ 

CO      . 

CO 

Under  50 

50-100. 

100-250. 

250-500 

.500-1,000 

1,000-5.000 

5,000-10,000 

10,000-50,000 

.50.000-100,000  8 

•a  o 

§i 

O    M 

§5 

o 

.-(  CM<M      1  CO      1      1      1      1      <C^ 

00 

CT)  (N  CO  ^  CO      1      1      1      1      1  00 
CO  r-i  (^  ^  to      1      t      1      1      1  05 
<N^rt  1M„        1      1      .      1      .C4 

i 

•239 
•112 
•172 
•214 
•49 

"""""•"294 

c 

3,559 
2,  291 
3,710 
3,683 
2,528 

"'"i0.'9fi2 

CO 
(N 

s  iS  1  i  :  1  1  1  1 

■* 

3,395 

2,  263 
3,393 

3,  656 
2,494 

""i6,"966 

2 

Oi  O  C-l  O  t^      1      1      1      1      1  CJ 

-^  oq  c5io  .-1     1    1    1     i     Ico 

o 
to 

1,  856 

1,  392 
2,133 

2,  532 
343 

4,"379 

CO 

in" 

c^  O"*  00  tr     1    1     1     t     .  05 
(35r-i  o^-(^^    •    i    i    i    i  o 

•*  00  05 to 

1    1    1    1    if.f 

CO 

oo 

•<3^ 

0>  O  '<<r-100 CO 

— 1  05  CO  CO              1       1       1       1       1  05 
C^               ,-t             1      1      1      1      1  .-1 

CD 

CO  -r  CO  O  rr      1      1      1      1      •  00 
tT  TT  ■«*•  O  O      1      t      1      1      1  ■* 
O  TT  OS  to  CO      1      1      1      1      to 

2,134 
1,812 
3,382 
3, 6S9 
2,791 

""""i6,"928 

CO 

O* 

650 
420 
688 
1,143 
501 

i,'887 

>o 

587 
558 
983 
862 
970 

5,"  085 

to 

s 

624 

489 

1, 046 

1,070 

804 

""""5,"  870 

i 

^  CO  C^  O  ^  -^  1-1      1      1      1      1 

c^  cq  CI  ^      ^  ^      1111 

00 

Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5.000  8 

5,000-10.000  8 

10,000-50,000 

50.000-100,000 

100,000  and  over... 
Classes  grouped... 

"3 

o 

104 


STATISTICS    OF   INCOME 


§•3  O  O  S 


■SO."' 
o  a> 


O"  o  s 
a>  si  >- 


(1^  a 


■^^s, 


'■a  a 


o  ©e-2 


&x? «  «  2 

C3  2  a^  (-f  "r3 

Q  «3-S  a'" 


'^ 


R  "-^  1-.-.   03  OJ 


•3S 


»0C^C0Of0010000cD 
i-T  ■*' l>r  C^  "^'"  oq"  O  O 

.-H  CO  r-1  -^  T-H 


co-^as-^oocscocsco 
c^iot^cocoior--— <oo 

i-T  CN  co"  CO  c4"  ■^'"  lo  c-f -^ 

1-H  C^  CO  CS  CD  <-t 


;Dt^Oi(Nio<:D»ocooO 


i-tcsooco'>»'^w:icoTf 

i-H  (N  "X)  M  O  rH 


»-Hi— (i-HcofOcoc^-^ai 

COCOQOOl'^OOOOO'^ 


CDQOiOOOOOO'NCq 

oO'-<cO'-HC<»ait--ooco 

•"HtNCO-^OCOOr-l 


COfNQOOOOiOO-^ 

coocor-— i-^cocoi-H 

t^CTJCqi-HGO-HCD— to? 

'^*"  ci  cq  CO  c^  o -H  to" 


cociO>cor^>— 'r-»tooo 

--T" --3'*"  o  |^f  ^  CO  oi"  (N  oT 

OO-— •O'-H'— 'CDCOCO^O 
'-<(NCOTJ<OCO<C-H 


C0OCq00-Ht--CN00O 
lOOlCO^OCOOiO— <00 
t-OcOCOOi-^r-HiOCO 


I— <  CO  t^  to  --H  CD  CO 


GO-^CNO— tOit^CNO 

CO  GO  oi"  oT --T  i>r  CD  rjT  co" 

.-Hi-lTjIcO'— 'COf-Hr-tT-H 


COCS<N'?I'O0'^C^'*'-H 
■— iCOr-it-,QOOGOCD(M 
QOOS-^wtNCSOCOCD 

f-T  i>r  CD  CO  oT  CO  Tji*  oT 

^  C^  OS  Tf4  CD  CD 


t^CO'OC^OOtO.-HC^ 
(NCOCOtPOOOOOIOOCO 
OOt-GOCDCDOOCS'OtO 

^  tjT  CO  r-T i>r  00  i-T  Tt<" 


t^oocNjcoTi^coocsas 

Ttt^OiTt*— (CDCDOO 
t-00Tt<Tj*(McD00OO 

OcT CO  (N" CO  CO  CO  CO  rjT  oT 

l-tCOCO-^r-llOOOr-l 


Oi-— iCftoOO'^CNICOCO 
OOOOCO-^COCOCOOi 
Ot— iCOt^iOOOOOO 


COCOOiCOiOOS-^t^CO 

CN'^f-HCDt^OlCD'-HCS 

i-ii-H  C^  QO  CO  00  CS 


GOOiCOCD'— ir-.iO00rH 
COCOCDOC^Ji-iTj^cOTj* 
■^0»OC^tOOOOO-^Tf< 


lO'-ir^co^cDoooco 

i-HCOCO'-HCDiOQOas 


O'^asCDCTJCDOI^'-l 

iocoajoo^oocoi>.»o 

CDClCO'^OOt-OOOS 

t>r  c4"  irT  t>r -r^  o  GO  »o -^jT 

r-rC0'^I>--^O>'-i'^ 


CD  t--  t-H  t^  C 


_      _S  CD  to  O  coco  O  O 
OCDiOCO'— iCOiO'^CD 

•"-T  CD  t-C"  .-T  of  00  t-^  Os"  CD 
i-H'-'COTj^CDGO'OCO'^ 


COCDtN(NC>CDiOtOCO 

coo^r^OCSiOTt^ 

O  (Dt- -<:?<  Tj*  -^ 


^,  O^OO^i      JOCDO 

'  2 '^^  ^9  V  o  i  o  o  o 

^00100'-000 


■^(OiO00u0CO'«**00 

CO»-H00>OOJ00^Tt< 

CO  O)  ^  C^  lO  t^ 


Ol^rfiwoOC^t^O 

lOC^CftO'-'OOCD-^f 

oQio^r^OiTt^cot^ 

■^  Ci  "^ -^  Tji"  C^  40  --H 


t— CDOOCDC^iOr^Tf 
COCNOOOi— •.— .coco 
OOiOrHCDCi-^COI^ 


ThlM-^'tt^Tj^C^iO'-H 


(MOO'^tOOOOt^ 
(MtOOlCOOO^COO 

ooor^O'-HTj^cDO 
oTcDC^o-^'^Thod" 

05t00SO0S00D0^- 


C^T-H'^CDOlCOIMiO 


COCO.-iO'—liOCO-rf 
COCD(N'-HOOOOOO 
00C0'*<MO'*l>-O 
r-T  CO  tC  GO  (N  00  OT  tC 

Oiiooooiost^oot* 


t^— iCDfNh-COO'-H 

lOCDOSOSOOt^OOC^ 
CDOCD'^COCDi— ICO 


00  00  00  t^ 


OSCDCOOOOOO— 'CO 
OOOOO-— 'OcOOi-H 
COOCOOiCSOlC^^- 


D  OO  CO  i-H  b-  00  '^  05 

I   r-H   CO  -^   Tji   O  CO   M 


o^oaicooc^coco 

lOr-i-rjHOiOiOtOrt^ 
1— iCSr-<CDtO>OCOCO 

Cf  CS' CD  CS  ^^  Tj'"' CO  tN 
i-H  T-H  *0  Cq  i-H 


OOOOCSiOCii— ICD 
OCOTMl^t^t—  •— fCO 

CSOOOCOO»OCDiO 

CO  (N  CO  00  00  oT  TjT  oo 


COwCOi-HCNCDC^-^f 

oioooo-— ii>-ioajco 

Ot^OlOr- (TfCOCO 


OO  —(  OS  ^  00  CO  —t  c 


■rriOOiOCOfO'-HCOOO 
OSCOOCMOiOOOO 
CDt^CNt^l^t^OO 

b-ToTLooTtNcoi^t^ 

coojco  t--osoic^o> 


CSt-^OO'^t'OlOOCO'-H 
COC^OOCOOOOJCSCO 
OO'-'iOCOOOOl-^CS 


CSCO-HOOO*OOiOi 

i-Hf-HCOTp-^lOt^CO 


OlCN— 'OOOCOO 
OSiO-^CD^COOCO 
CO'-HCD(N00COC^eO 


OSt^COOOOCNCMtO 
^  --H  IM  CO  C^  <M 


Or-'M—'GOCOiOCN 

cooir-c^osb-t--o 

CNt^tOTt<CDOOCOCO 

cfcoc^coco'-rroo 

,-H  rH  ■-(,-)  Tt<  r-l  .-( 


b-.-HlO'^'-HCOOOt^ 

Tti  (N  O  <M  CO  -^  f-( 

^   -^   -^   CS   -H   i-H 


'OO   ^ 

oSSsI 


OC^  >OM 


•  oo 

)'0  o 

J  o  ^ 
:  — IN 


'  o  c  o 
d§°.oo  Ja 

O  -^    I     i  o 
I      I    C5  O  O 

oo  oo  o 
^oo  o  ^  - 
S  Q  o.  ^ 


o^^ooo 

lO  ^H  lO  ^H  »o  I-* 


STATISTICS    OF   INCOME 


105 


611 
1,161 
3,595 
3,711 
4,176 
7,043 
4,041 
3,596 

CO 
OS 

(N 

1,935 

2,748 
7,105 
7,548 
8,450 
16, 188 
6,650 
6,106 

CO 

1,935 

2,748 
7,106 
7,561 
8,466 
16,  236 
6,660 
5,107 

00 

191,  449 
209, 151 
366, 018 
281,326 
215,573 
328, 964 
84, 504 
61,068 

8,565 

1,870 

1,328 

1,045 

139 

468 

180 

476 

i 

182, 159 
206, 464 
363, 128 
278, 537 
213,  325 
323, 340 
82.  692 
59,  639 

i 

03 

1,048 
4,644 
13,116 
18,  446 
22,  602 
62, 981 
18, 169 
30, 172 

CO 

19, 122 
20, 986 
39, 496 
34, 048 
31,494 
50,611 
22,  789 
19,  270 

IN 

1,086 
2,312 
7,498 
9,042 
9, 665 
33,  267 
11,607 
4,899 

IN 

404 

560 
1,901 
2,289 

969 
6,595 

422 
57 

CO 
OS 

CO 

13, 596 
19, 572 
38, 360 
33,  083 
24,  746 
38,  745 
7,276 
5,766 

00 

38, 506 
51,070 
105,829 
102, 187 
94, 161 
193,486 
62, 833 
67, 189 

CO 
(N 

4,763 
4,205 
10,  583 
12, 049 
12, 157 
35,  285 
11,981 
12, 964 

OS 

o 

10, 537 
16, 378 
35, 962 
37, 677 
33, 897 
65, 152 
18,  736 
17, 086 

IN 

21,224 
27, 755 
51,923 
44, 198 
35, 621 
63, 960 
16, 866 
13,493 

OS 

s 

IN 

O  O  00  Oi  CO  OS                   II 
CO  t^  CO  M  ^                            II 

CO 

Under  50... 

50-100 

100-250 - 

250-500.. 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000-50,000 

50,000-100,000. 

100,000  and  over... 

"3 
o 
Eh 

CD  to  Tt<  CM  CO  CM      1      1      i      i 

CO  CM  CO  CO         to      1      1      t      t 

00 

»6,514 
»  1,717 
« 1,  667 
»744 
«279 
» 1,540 

of 

«  6,  472 
'1,717 
«  1, 666 
•743 
«279 
«  1, 540 

CO 
IN 

244, 230 
95, 671 
85,  763 
35, 633 
19,710 
17, 938 

OS 
00 

26, 400 

2,057 

608 

32 

26 

23 

o 

217, 108 
93, 300 
84, 699 
35, 370 
19,  509 
17, 688 

CD 

» 14, 536 

•  2, 621 

•693 

«  4, 486 

•22 

2,041 

1:^ 

CO 

o 
Ol 

29, 968 
13, 709 
15,386 
11,748 
4,737 
3,421 

00 
00 

2,607 
1,937 
2,374 
1,313 
2,563 
2,121 

CO 

00 

1,770 
1,140 
1,066 

508 
1,018 

834 

i 

CO 

21,020 
11,674 
12,641 
6,616 
2,643 
2,956 

o 

46, 671 
27, 722 
32,514 
16, 473 
11,182 
11,569 

CV| 

§ 

cc? 

• 

8,961 
3,533 
5,196 
2,478 
3,333 
1,163 

12, 456 
8,684 

10,897 
5,763 
2,970 
2,989 

co" 

21, 627 
13, 102 
13, 097 
6,294 
3,433 
4,191 

Ttl 

CO 

CO 

CO  -;  OOOCOCO      1      1      1      1 
C^  O— iTJIrH             1      1      1      1 
CO^  <N                         1      1      1      1 

CO                                      1      1      !      1 

■* 

Cinder  60 

50-100 

100-250 - 

250-500 

500-1,000... 

,000-5,000 

5,000-10,000. 

10,000-50,000 

50,000-100,000 

100,000  and  over... 

3 

o 

'tOr-iCMtOi-ltOi— ItOr-t 


191 
392 
1,871 
1,644 
3,259 
6,976 
3,805 

IO> 

1  OS 
ICO 

jo" 

00 
00 

83 

524 
812 
3,286 
3,676 
5,999 
14,  625 
7,055 

I03 

I-* 

•* 

624 
812 
3,287 
3,691 
6,029 
14, 657 
7,189 

100 

1 1^ 

I-* 

5 

IN 

33, 446 
39,  585 
132, 365 
112,798 
135,711 
250,  955 
117, 187 

IS 

o 

CO 
CO 

CM  ^^  OS  b-  l:^  CO  CO      1 
rJiCMOSOSOCM  rjl      i 
t*        Tt*         1-t  to             1 

ii 

CO 

32,  564 
39,  329 
130,  687 
111,  594 
133,  805 
248,  503 
115, 829 

11 

loT 

IS 

(N 

>o 
oT 
o 

116 
1,513 
7,360 
13, 068 
16, 003 
49,  552 
29,  625 

ICO 
ICO 

loT 

1  lO 

i 

CO 

4,894 
6,056 
17, 321 
16,  708 
23,  643 
50, 865 
26, 079 

lOS 
1>0 
1<N 

lO 

00 

s" 

366 

428 

2,678 

4,374 

8,978 

22, 424 

29,  237 

1        ICO 

lO 

1    It^" 

8 

235 
286 
1,001 
1,619 
2,342 
4,899 
1,250 

Itc 

(N 

oT 

3,313 
4, 183 
13,  664 
13,  278 
15, 006 
32,  497 
11,111 

100 

1 1^ 

lOS 

I-*" 

1 

9,670 
13,  348 
45,  077 
51, 436 
69,  436 
171,  288 
104, 810 

lO 

1  -^Jl 

ICO 
lOS 

i 

1,563 
2,256 
7,412 
8,353 
12, 828 
28, 806 
19, 662 

ICO 

1  r^ 

lOS 

is* 

1  CO 

1 

1^ 

00 

2,884 
4,387 
15, 927 
20, 899 
25,  410 
72, 901 
32, 137 

1  Tj, 
It^ 
'•o 

ICO 

4,610 
5,768 
18, 121 
17, 666 
24, 018 
60, 038 
28,179 

ig 

is 

•* 

-H(N-*CO00C0COlOrH 

t^oooo-^ost^,-,^  ^ 

R 

Under  60 

60-100 

100-250 

250-500 

600-1,000... 

1,000-6,000 

6,000-10,000.. 

10,000-50,000  « 

Kn  nnn-inn  000  8 

.•a  o 

si 
Is 

"3 
o 

rn"  °* 


106 


STATISTICS    OF   INCOME 


CO  -^  .2 

ton. 

^     O  ,  IB 

.£   05   3  on 

Co'-  ca 

-^,    0)0  — 


^^sl 


6'"'-' 


fe  t,  o 


o  a> 


©"i 


SB'S 2    .t; 
|'c>£4J'§ 


05  O  ft 


'S-  S  jn  ®  O 
^3  2  S  •-  'n 


r'^  a  o  o  p  =« 


a  2  g~  g  o 


c3  a 


00  lO  ■*  lO  0>  O      1      1      1        to 
.-1        lO  «IC  O      t      ■      1      1  *o 

(NC^iC^CCCO      1      1      •      'O 
O  O  «  C^i  .-H  (M      1      1      1      t  05 

r^  »o  oc  o  t^ -t,    1    1     1     1  ,^ 

Ol  CSJ  ,rr  Tf  C^  (M      1      1      1      to 

o  o  CO  c<  rt  o»    1    1    c    ia> 

i 

34,  260 
21,560 
50,411 
41,965 
34, 158 
36,  937 

""'i6,"946 

i 

1,283 
601 
12 
42 
109 
94 

"2 

32,  768 
20,  772 
50,  004 
41,494 
33,711 
36,  268 

16,"  295 

CO 

»  5,  659 
"2.153 
»  2,  815 
•  2,  832 
«  2,  929 
«  12,  464 

3,"  590 

i 
s 

7.974 
6,021 
11,422 
10,  512 
15,  421 
13,  714 

3,"576 

CO 

1,101 
659 
3,374 
4.419 
3,540 
3,836 

"""io,'6i2 

cr  cr  rt  c^  ro  :D     ■     t     1     1  ro 

00  »0  Ci  0  CN  00      1      <      1      "00 
•<»<  10  05  C^ -3-  (N      1      1      1      10 

r-TrtlO      1      1      1      110 

CO 

8 

lo- 

6,050 
3,621 
8,051 
7,  700 
6,259 
11,  587 

"'""3,' 602 

co 

to 

11,  252 
.      9, 566 
•     22, 043 
22,  433 
26, 855 
34,  302 

"""'32,"044 

on 

2,848 
2,  765 
5,482 
5,452 
6.546 
8,037 

4,"855 

co 

3,350 
2,  760 
7,610 
7.232 
9,119 
12,  458 

'"'"6,'299 

i 

00 

4,122 
3,013 
6,772 
7,010 
5.516 
8,965 

"'"'2,'667 

0 

0 

oo" 
co 

Tf«OCO0COC^-H      1      1      1 
t^  C*3 -^  0  CO  CS -,    -.        1      1      1 
COl-H  ,-i                          ***    "*         1        1       t 

0 

Undergo 

60-100. 

100-250. 

2,50-500 

500-1,000... 

1,000-5,000 

5,000-10,000  «... 

10,000-50,000  8 

60,000-100,000-. 
100.000  and  over... 
Classes  grouped... 

Eh 

42 
168 
622 
1,185 
1,351 
5,  628 
3,  206 
4,000 

ICO 

171 
270 
1,098 
2,183 
2,232 
10, 132 
5,646 
8,631 

ICO 

is 

0 

171 
270 
1,  098 
2,188 
2,234 
10,  214 
5,  651 
8,552 

is 

00 

0 

5,104 
6,570 
21,  235 
30,  479 
29,  230 
128.  609 
86.  525 
102,  592 

!o 

lOJ 
1  ^ 

C^l  .-<  CO  "*  t^  CO  ^  t^      I 

«         (N-v  t^  — ■*    1 

IC» 

CO 

0 
irf 

4,630 
6,522 
21,039 
30,  253 
28,  893 
127, 042 
85,  449 
101, 284 

1  r^ 

is 

88 

00 

•80 

345 

2,198 

3,914 

6,  525 

28.  033 

29,112 

33, 120 

ioO 

loo 

s 

804 

1,133 

4,130 

7,038 

6,949 

29,  144 

28,  292 

20, 449 

i(M 

jo 
100" 

0 

124 

287 

959 

1,600 

2,551 

12,  341 

5,350 

24,  692 

ii 

1  t>r 

1  ■<}< 

CO 

81 

88 

707 

696 

767 

2,882 

3,751 

8,237 

1  cc 

ig 

05 
co' 

491 
834 
2,031 
2,858 
3,130 
16,017 
13,  060 
7,646 

1 5 

'itD 

<N 

1,662 
2,896 
10.  744 
17, 037 
21,953 
95,  208 
84,  223 
99, 087 

1  ,rhi 
lO 
ICO 

Ico 

1  CD 
10 

10 

co- 

564 
886 
4,093 
6,247 
8,  903 
37, 921 
24,  348 
36,  890 

ig 

CO 

316 

623 

2,341 

3,985 

4.332 

21,  9,50 

23,  840 

31, 004 

i^. 

CO 
C^ 

623 
1,037 
3,123 
6,161 
6,398 
21, 962 
17,  873 
17,  768 

101 

5J 

OS 

(N 

(O-^tOTllcO-^r-l        „, 

■0       i 

CO 

Under  50 

60-100 

100-250 

2,50-500 

500-1,000-.. 

1,000-5,000. 

5,000-10.000.... 

10,000-50,000 

50,000-100,000  « 

if 

15 

0 

STATISTICS   OF   INCOME 


107 


CM-<**      i-^CM      1      1      I      1      'CO 
1  00  «-i       '       t       t       1       1  Tt* 

i 

M  rt  ,1  rt  O      ]      1      1      1      |00 

1 

O  «D  ^  -J  OS      1      1      t      1      1  O 

■<3*  lO  -^  <N  CS 05 

(N  -H  rt  rt  «5      1      1      1      1      't^ 

<N 

4,418 
2,916 
4,146 
6,927 
10,  428 

""'21,177 

(M 

CO  lO         OCO      1      1      1      i      it^ 
0>-*       rt  CO 

o> 

4,274 
2,837 
4,120 
6,855 
10,  275 

""""2i,"200 

s 

iro 

of 

OOM  <N  ore      1      1      1      1      lO 
COoS  COOS      1      1      1      i      1  lO 

CO 

o> 

1,620 
1,309 
1,418 
2,122 
5,002 

"""'i4,"228 

to 

549 
257 
431 
967 
2,918 

""li,,"46 

00 
CO 

151 
121 
213 
422 
1,968 

i,"667 

CO 

966 

892 

1,198 

1,560 

2,176 

"""28,"  183 

OS 
CO 

2,325 
2,149 
3,516 
6,203 
10,  237 

"'""57,"867 

CO 

924 
1,010 
1,309 
2,792 
6,452 

"'""25,"  307 

CO 

451 
318 
780 
915 
1,462 

5,"3ii 

of 

640 

493 

849 

1,  650 

1,337 

""'22,"769 

I-* 

?5 

00  <N  »0  00  »0  t^ --H  F-t      1      1      t 
eOCOC^^i-Hoooooo        '       '       ' 

CM 

Under  50 

50-100 

100-250 

250-500 

500  1,000 

1,000-5,000  8 

5,000-10,000  8... 

10,000-50,000  8 

50.000-100,000.. 
100,000  and  over... 
Classes  grouped... 

i 

o 

824 
1,273 
4,978 
7,584 
8,302 
16,  838 
5. 956 

CD 
CO 
OS 

is 

1,629 
2,485 
8,  628 
11,056 
12,  090 
24, 077 
10,  570 

OS 

o 

1,630 
2,486 
8,676 
11,098 
12, 135 
24,140 
10, 593 

i 
■o 

§ 

OS 

o- 

00 

58. 172 
76,  442 
188,063 
207, 045 
195,  171 
310,  820 
105, 480 

OS 

CO 
CO 

i 

2,214 
1,020 

1,784 
1,449 
873 
4,688 
2,796 

i 

to 

55, 462 
74,  752 
184,  039 
202,  283 
191, 190 
299,  252 
100, 073 

00 

OS 

9  621 
2,  635 
14,  951 
30,  915 
36,  709 
105,615 
45, 133 

CM 

OS 

12, 494 
19,473 
54,  443 
68, 172 
67, 154 
142, 099 
61.780 

i 

OS 

o 

704 
1,400 
6,  049 
8,124 
14,  .555 
,39, 945 
8. 129 

to 

co' 
00 

802 
2. 13S 
6,499 
7,216 
7,078 
20,  917 
13,  297 

?3 

s 

00 

7,254 
11,021 
25, 960 
28,  385 
28,  591 
37, 176 
15,  634 

f5 

OS 
OS 

OS 

s 

22,  357 
39, 156 
115,191 
151,043 
163,  481 
367,  437 
166,  475 

2? 

OS 
CO 

00 

o 

6,418 
12,  567 
37,  954 
49,  ,501 
59,  837 
155,  880 
81,824 

00 
CO 

CD 

6,  231 
10,  950 
32,  742 
41,422 
45, 046 
74,  876 
23,  407 

00 

CO 

CM 

00 

8,410 
13,115 
35,  283 
42,  223 
39,  645 
78,  304 
29,  787 

s' 

§ 

g" 

OC'^»OOC'10UtOS'— 1 
0-1<OCOCCO(M„    _ 
OSlOt^-*IM.-i 

OO 

1 

Und'TSO. - 

50-100 

100-250 

250-500 .- 

500-1,000 

1,000-$5,000 

$5,000-10,000... 

10,000-.50.000  8 

50.000-100,000  8 

> 

O 

c 

g 

o 
c 

1 

3 
? 

i 

"3 

o 

CD  CO  00  CM  CO  CO  OC  O      <      • 

OS  t^  OS  CM  lO  >:f  lO  CO       1       1 

r-i  CM  CD  CO  OS  lO  00       I       I 

;  i 

OS 
CO- 

.-«OSCOCOb--<^C^'N      1       1 
OC  C^l  t^  CM  ^  O  OS  -<      1      ■ 
CO  CO -^  CD  CD  CO  OS  OS      1      1 

co"  cm" -t*^  CO  coco"  cm' cm'   1     I 

CO 

o" 

o  CO  1^  CO  o  r^  CO  1— 1     1     1 

COCM  CD  O  OOSOS^      1      1 

00  CD  ^  CD  CD  CM  OS  OS      i      i 

COCMtPCOCO'CCMCM      1      1 

CO 

o" 

co 

52, 797 
35,  439 
66,  999 
58,  788 
46,  918 
81,  767 
49,  620 
48,  880 

•^ 
■^ 

1,425 
865 
820 
393 
227 
802 
739 

4,791 

5 

o 

50,  783 
34, 129 
65, 146 
57,  235 
45, 305 
78,  619 
47,  335 
42,  631 

00 
CM 

9  IS,  326 

9 12,  642 

9  13,  983 

9 12,  812 

9  845 

9  6,  385 

28, 117 

38, 310 

CO 

25,  505 
23,  453 
46,  680 
48,  977 
41,583 
90,  237 
43, 424 
75,  630 

<3S 

1,  468 

2,  183 
6,  410 
8,  868 
8,  334 

17, 163 
6,789 
19, 000 

CM 

2,  670 
4,428 

6,  377 
10.  212 

7,  530 
28,  544 
18, 994 
32,  752 

o 

15, 097 
11,583 
22, 588 
21,871 
21,710 
40, 175 
16, 142 
10, 159 

m 

CM 

CO 

of 

30,  231 

32,  968 

76,  704 

82,  592 

84, 328 

190,  594 

128,  451 

218,  657 

CM 

11,673 
13,  820 
33,  408 
39,  365 
39,  226 

109,  041 
81,  208 

126, 944 

i 

7,110 
7, 152 
17,343 
17, 128 
15, 182 
25,  769 
12,  262 
17, 115 

CM 

s 

OS 

8,  985 
8,689 
16,  499 
15,  903 
14,413 
20,  029 
13, 833 
13, 694 

lOt-^COCSCOOlCM       1       1 
CI  lO  OSCO  wOS.-t  T-H      .      1 
iC  rr  '^  CM  1-1                         11 

i  i 

1  1 

CM 

O 

CO 

Under  50 

50-100 

100-250 

2.50-500 __ 

500-1.000 

1,000-,5,000 

5.000-10,000-. 

10,000-50,000 

60,000-100,000 

100,000  and  over... 

3 

o 

108 


STATISTICS    OF    INCOME 


O-oS  ft 


'z.  °,S 


g-o  o  o  35 


1-  «  c  ^ 


o  © 


^■ag 


P^l 


Q  °3§0.'' 


D«gS£* 


n  ^-  t- ._  c3  a> 

g'oS^'S-a 


346 

735 

2,997 

3,  632 

6,677 

19,  595 

11,677 

21, 904 

1  c^- 

1-^ 

686 

1.226 

5,038 

6,328 

10,  712 

35, 935 

18,  294 

31,  400 

0 

686 

1,215 

5,047 

6,355 

10,  740 

36,  068 

18,  367 

31,563 

1 
1 

00 

22,  762 
31,948 
100,  469 
111,034 
146,  855 
399, 084 
176, 089 
335,  837 

ICO 

10 

1 

! 

^+1 

CO 

206 

28 

1,377 

1,344 

425 

985 

386 

1,187 

Icq 

to 

22,  341 
31,550 
98, 113 
108,  405 
144,  352 
391,  229 
172,  227 
326, 974 

IK 

1  C-) 

ICO 

CO 
CO 

338 

2,242 
11,741 
19,  486 
30,  273 

110,474 
68,  335 

11.3, 114 

1  CO 

QC 

4,497 

6,729 

19,  349 

21,  886 

35,  076 

147,  705 

71,  663 

213,881 

It^ 

Icn 

295 

1,  243 

3,  854 

7,296 

7,730 

49,  919 

34,  706 

59,  582 

IS 

1  0 
1 1^ 

i 

244 

6.30 

1,997 

3,  032 

4,  296 
31,962 
24, 027 
75, 463 

1  -^ 
1  CO 
1  05 

ICO 

00 

2,371 
3,286 
10,  608 
10,  790 
15,  390 
31,713 
13,  327 
21,  857 

10 

IS 

10 

0 

0? 

8,337 
15, 028 
50,711 
66,  354 
97, 068 
395,  339 
227,  019 
503,  682 

IS 

•  00 

1  -^ 

00 

>o 

2,448 

5,011 

17,  812 

25,  554 

38,  208 

193,  233 

121,581 

274,  326 

i(M 

1  a> 

CO 
CO 

1,860 
3,453 
11,441 
14,  480 
20,  298 
60, 109 
28,  721 
66,  375 

1§ 
lof 

?5 

3,313 

5,075 
16,  293 
18, 385 
24, 603 
79,  788 
42,  852 
65,  397 

1 1^ 
1 1^ 

1  >o 

1"' 

i 

00.-<OOCOOOCOC^oo 
M  CM  «  r-l  ,-1  ,-1 

*       1 

1 

Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000-..- 

10,000-50,000 

50,000-100,000  8 

X3  0 

"3 
0 

CO  M  (N  t^CO  ^ 

,_, 

rl  OC.  -^  to 

GO 

00  CO  ,-1  to  00  CD 

100 

0 

°° 

**    1 

1  ** 

- 

,  ^ 

,_, 

to      1 

100 

0 

°          °°" 

'  1 

1  ** 

- 

CO  0  CO  CO'  CO  C4 

r^     1 

to 

to  Tt<  to  CO  0  T!< 

icn 

01 

'tH  CO  0  CO  ^  t^ 

1  ^ 

r^  Oi  to  CO  .-1  0 

t^     1 

1  0 

0 

r 

CO 

T  c^j  00  ^  o«~  <:ci 

CO 

^  .-1  c^  00  0 

0     1 

1  -rf 

0 

C-l       1 

1  xii 

rt  rt  IM  .-H  CO  t~ 

to     1 

1 10 

0  CO  00  r-l  ,-1 

'O 

r~ 

Tj<,-H  Ol  (M         CO 

CO      1 

lOC 

to 

0,    A    a. 

1  .— ( 

r 

•=» 

lO 

0  (M  to  C  (M  00 

T-*             1 

0 

I-- 

occ  cocooo  t- 

00    1 

1  0 

cD  CO  Tf  a>  to  CO 

00      1 

00 

IM  1-H  CO  ■*< 

..*<     1 

1  ..** 

IN 

00      1 

ICJI 

0 

,_!" ,_!"  1^5"  ciT 

r-n"      1 

1    T-7 

■  to 

1  CM 

to  0  CO  CO  CO  CN 

to      1 

It^ 

COCS  tococr  t^ 

1  CO 

uu 

^SH  CO  t~  M  ooco 

CO      1 

1  ,—1 

co'     1 

1  r-T 

(M 

CD 

CD  (M  ^  t^  00 

rji      1 

t^      1 

C-) 

Ttl  TJi  0  CO  i-i  05 

w  WCOIN  COCO 

a>    1 

1 1^ 

co" 

TJ< 

.^ 

IM  f^  Tjt  CO  to  ^ 

.-T    1 

1  to 

CO 

0. 

01  0  Tl<  0  CO  C^  Cs 

j^' 

u 

ct  0 

Under  50. . 

50-100 

100-250...- 
250-500.... 
500-1,000— 
1,000-5,000- 
.«;.oofv-io.nno 

ll 

3 
0 

00 

is 

STATISTICS    OF    INCOME 


109 


2,578 
3,874 
7,867 
10,  808 
12,  965 
28,  682 
22,  366 
31,  176 

'S 

lO 
105 

CO 
CO 

1 

4,879 
5,475 
12,0(5 
14,  774 
18,  242 

43.  091 
32,  159 

44,  204 

IIM 

IS 

iod 

00 
00 

4,880 
5,485 
12,  084 
14,  830 
18,  357 
43,  388 
32,  767 
44, 456 

lO 
100 

05 
00 

00 

119,  788 
106, 624 
181,  508 
176,408 
190,  244 
403,  466 
215,  613 
286, 874 

i(N 

1  to 

00 

25,  658 
16,  608 
19,  964 
2,462 
1,913 
7,369 
1,303 
3,406 

1 1^ 

od 

93,  111 

88,  832 
158,  830 
170,  337 
184,  453 
384.110 
204,  863 
265,  604 

05 
00 

1 

988 
11,  784 
29,  760 
39,  522 
56,  383 
166,  623 
132,  482 
184,  147 

1  Tt^ 

iO 

1  CO 

S3 

30,  277 
29,  807 
55,  472 
48,  908 
60,  284 

118,619 
54,  090 

114,  043 

PIM 

PC<3 

PIO 

00 

2,497 
2,847 
7,139 
10,  486 

18,  444 
45,  515 

19,  197 
48, 130 

jo" 

CD 

2,807 
3,208 
8,938 
10,  541 
13,116 
24,  903 
29,  013 
23,  492 

pM 
POO 

\m 

PCO 

§ 

en 

14,  036 
10,  473 
18, 463 
18,  337 
21, 145 
39, 143 
16,  418 
37,  344 

pO 

poT 

CO 
05 

55,  505 
62,  710 
128,  794 
137,  728 
181,  987 
430,  990 
275,  790 
441,319 

POO 

20,  038 

21,  400 
43, 130 
44,  403 
61,776 

119,  574 
74,  343 
109,  473 

pt^ 

■  o 
pcr. 

s 

to" 

4,953 
6,085 
12, 923 
14,  613 
16,  355 
41,976 
13,  253 
18,  720 

PtD 
POO 

p>o 

§ 

to 

CO 

21, 942 
21,  381 
37, 652 
38,  942 
44,  506 
105,  771 
49,  647 
80,  504 

■i 
'§ 

lO  COOOM  IM  IN 

*      I 

1 

in 

Under  50 

50-100 

100-250 

250-500 

500-1,000.... 

1,000-5,000 

5,000-10,000 

10,000-50,000 

50,000-100,000  8 

■a  o 

II 

2o 

"3 
o 

•**p  CO  to  00  to  r^    p  c^i     p     p 

00  CSOOOOI>      1  OJ      P      p 

,-p  .-p  rt         pp^^    p    p 

o 

00 

THCOlO-^TfOlCOO      P      P 
CTtOO!— ITJ-CSCOCS      p      P 
p-P  p-H  CO  (N  t^  ,-H  TT  »0      P      p 

OO'^CO'COM'-CO''   "*        'p      P 

tOCNOJOOC-ll^OJCO      p      p 
*-<  to  00  O -PS^  C^  CO  p-t      P      P 
p-P^COPMt^^^iO      1      P 

oo"c<rco  c<o -^J^cd*  **      1     p 

to 
c5 

131, 105 
47,  672 
59,  883 
43,  636 
48, 904 
56,  338 
17,  671 
18, 108 

CO 

29, 178 

8,509 

9,316 

484 

1,453 

653 

440 

s 

o" 

100,  826 
38,  6,58 
49,  768 
42,  0.59 
46,  730 
54,  697 

16,  382 

17,  832 

CO 

9  32,  606 

9  5,  891 

9  6,  851 

9  6, 100 

9  13,  778 

9  1,  518 

3,576 

634 

to 

54,  797 
21,  400 
27,  091 
20,  195 
17,  845 
12,  142 
1,944 
10,  383 

to 

4,127 
2,880 
4,985 
4,737 
4,993 
10,  072 
5,384 
6,000 

7.076 
3,881 
6,616 
6,892 
7,024 
14,  985 
5,813 
1,698 

30,  868 
11,560 

18,  246 
12,  640 

19,  466 
26,  044 

4,855 
10, 089 

co" 

75,  259 
38,  916 
57,  373 
44,  265 
47,  9.53 
67,  521 
22,  400 
36,  371 

00 

o 

§ 

CO 

31,  323 
15,  078 
20,  447 
15, 174 
18,  135 
14,  499 
11,  025 
6,181 

IM 

6,716 
4,144 
6,991 
5,919 
5,178 
3,998 
1,487 
670 

2 

lo- 
co 

23, 832 
10,  514 
13,  792 
9,090 
9,005 
12,  652 
5,160 
2,579 

lO 

to 

rt  OOtOOCTit^COCO      P      P 
00»O  t^CO  tcco                 P      ' 
t^lOCO  — P                             P      1 

■*"                               1    1 

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 

50,000-100,000 

100,000  and  over... 

o 
E-i 

cocor-r^ioooooooor^ 

(NCDOO'-iOifNCN'^T^^^ 
1-*  (N  t-^ O* ■^'" Oi" OT CO  O  iO" 


•-<  rH  -a*  CM  1-1  C 


to(NtOr-.ir:iCMCMcocoa> 

COh^OOCOCOOOOOl-^OS 
C0r^OOCM0i00'^05»0 

cm" CO  cm" lo"" CM  oT CO  (-*" c^" cT 

i-Hi— tCMCOCO-^cOCM 


»OOQ005rJ*05CCCM»f^.— I 
COOOOOi-n'^OOi'^cD 

coi^f-HOcO'^'-Hcooir^ 

cm"  CO*  cm"  lO  cm'  o'  b-*  O*"  C^f  CM* 


b-CO-Jf-^OSiOCO'-^O'— f 

t--i-*h-co>-*Oi(yM^r--'— ( 
t-^-^OoOOSCOOi^OcO 


OOOOtOCOiOCCOOO>00 

r}HCDOOOiCMai»OCOCMO 

i-ii-HCMOCMrHCO'^ 


OOCMOiOOcDCOr-tCMiO 

i-T  cm"  cm'  cm*"  CO*"     CO      i-T 


TTlOOOCOCOC^IOO'^'-Ht-^ 

.-iCOCMiO'-'COOC^CMO 
CO-^CMt^O'^iOOCOiO 

r-T  co' I-T  00  o*  o  cm"  OC  ■  CO  cm" 

TTCOOCOOCMOO^OiOCO 
1— iiFHCMiOCMOCOrJ^ 


CDOOCO-- 'OlCDOOt^CMt^ 

coojo^H'— -cMcooocroo 

COOS^CMCOCOOil^OOt^ 


CM-'st^CMiOOcD-^OOCM^ 


:■  r^  CO  CO  t^  o 

1-1  CO         CO 


r-OSOiOS^OO-^CMCMO 
CMOiOi'^CMOOiCMCiOO 


COCOCOCM^^OOOOO-^Cl 
t-li-l-^iCcOOOOOiOcO 


CMCOCOGOCOCDCCCMC5(^ 
(yi^Tt-oCiOCCCMCOCOOS 
OCMi— 'COt^CMt^t^O-^ 


1-iCMCOOCOh-^-HOiOO 


i-iOOCDO'^CMCO'^iO'^ 
TfOCMr^COOCMCMCMiO 
COCMOOiOOCO— 't'-t^OO 


i-iCO'^Tj'iCOS»CCM'* 
1-1  1-1  CSCMtP 


o>ococO'-<coo5cor^oo 
r^cot^t-^CMcor^ioco-*^ 

co^root^i-'cocooiot- 

<D  t*^r-^or^"eo  ^o*  ■»*<"  lO 

i-li-lCMCOCOCOO-^ 


-^fCOC^IC^lOOCOCO'^h'iO 

t^COCCOi-rt-,— II--,— .OO 
OiOOCOCM--«OOOt^t^i— I 

O" -^  ^"  O  co"  CD  ^  lO  b-*  C-f 

CMC0OC0CDCDC00ih-05 

i-(»-Hi-iiOCMCOCOCO 


COCOO»nOCMOmcOiO 

TfOiCOiOOiCOCOiCOO 
CO^CO"^'-*cO'*CMi-iC75 

•^  os"  o"  oT  GO  c^f  »n  CO  od  ■^'" 

COCOTt^COOOt^CM'^ 

y^         ''l^i-H  CM 


COCMCOC?>CC'^CMCO'^0 

OCMO-^oooioc;©--* 

CO»OOOOOCO^CDCOOtP 

'<^"  t--"  cT  CO  CM  ^"oi"  00*  -^""cm" 

i-iCMCOO-^C^JCit^ 


O00OOsO»OCMcOT*ti— I 
Tj-mh-CMCOC^lO^t^'^ 

00»CCOCM^-C:i00»Ol-HCO 

t>r  I-T  CM  r-T  ccT  co"  Tp  o"  TfT  o 

i-ICOCO'<**TfCOOOCO'-i 
rH  CM  1-1 


COcDOOOCMiOi— tCOCOCO 

CMGOCOCOCOCOTtlCO 

O  '^  coco  CM  CM 


■  oo  ' 


-  O  lO  o  ^. 


^-^OOl 


'  O  O  O  -<  ^ 

8S§g§S 

OS-T<.l.iP 


OlMupr-oooOO 


114338—39- 


110 


STATISTICS    OF   INCOME 


!-    P 


■-^^ 


O-oiJ  ft 


O  gOc3 


2,3 


CO   CSTD  " 


Is;!^ 


Ph  fe 


t3  en  °^  A 

•a«,.  9  5 


o 


0^5  i 


!  ».° 


5^-3^ 


•38 


■^ -rt* -*  CO  t^  <>»  CO  CO      t      1 
COCCINCOCOIMCOOS      1      1 

(N 

00 

40  05  10  Tf  Oi  CO  CO  OS      1      1 
T*^ -^  t^  Oi  <N  CD  f^  05      1      1 

CO  ■<**  »o  0  to  >o  lO  r^     1     1 

Tj*  t^  10  10  — '  CS  .-^  05      1      1 
■rt^ -«J<  1^  00  ^  "rf  t^  GO      r      1 
CO  Tt*  to  0  »o  10  to  t^     1     1 

•flTr^c^.-rc^-co''"  "    i   1 

00 

to" 

39,  469 

23,  921 
34,  523 

24,  961 
36,  995 
58,  247 
17,  636 
22, 866 

en 
<o 

a? 

S5 

918 
291 
443 
149 
112 
2,260 

75 

00 

38, 140 

23,  405 
33,  644 

24,  354 
36,  396 
55,  092 
17, 459 
21, 949 

0 

«  19.  583 

«  6,  490 

9  4,  490 

9  870 

9  3,  122 

7,552 

8,571 

17, 175 

26,  714 
17,  790 
25,  308 
17,  585 
25,  957 
22.  330 
18. 964 
11,960 

CO 

co- 
co 

2.913 

2,488 
5,100 
4,282 
6,282 
15,  628 
4,065 
2,887 

1 

co- 

2,436 
2,209 
2,  526 
1,824 
5,345 
7,561 
5,530 
14, 144 

•0 

12,  708 
6,472 

10, 822 
7,157 
9,438 

14,418 
1,296 
2,238 

OS 

>o 

CO 

29, 961 
25,  150 
42, 590 
31,  747 
45,  667 
72, 113 
40,  903 
54,898 

00 
0 
co" 

CO 

7,668 
8,003 
14,  476 

12,  444 
19,  159 
32, 024 

13,  523 
36,  535 

S3 

co" 

5,603 
3,259 
5,931 
4,520 
7,769 
11,  703 
4,710 
2,400 

a, 
00 

•o" 

7,711 
4,834 
9,137 
6,387 
8,833 
11,  951 
4,725 
2,998 

co" 
<o 

10  0  ^  0  OS  00  CO  CO      1      1 

jjcocooicoco              1     ; 

(N                                               1      1 

0 
co" 

Under  50 

50-100     

100-250... 

250-500... 

500-1,000.... 

1,000-5,000 

5,000-10.000.... 

10,000-50,000 

50,000-100,000.. 
100,000  and  over... 

"3 
0 

o 

D 

o 

W 

« 


•^wC^JMOCDCOOi— iCN 

coosoococ^iot--c^Tf<r^ 


rl  .-<  00  OJ  O  -^  C 


C^  t^  CO  CD  •— I  4  . 


ooioot^oo-— 'Qor^-— '00 
co»or^05coot^a5coo 

•-«C^COCDCOC^'-*r- <iOOS 
^ --h' CO  w  tC  tC  c^  o 

--I  r-1  r-l  CD 


CO  »0  b-  01  -^ 


"Tf  C5  00  CD  GO 


H  c-j  CO  CO  CO  c^  cj  CM  L.-:!  cs 

»4  — r  co"  ^  tC  i>r  w  -h" 

rH  r-l  ^CD 


CT:cDCV)ioO»jOOCJ'— tC^ 
CD01C0ai0COCD*0C0-»* 

iC'^oct--Troicot^coo 
'^(N'^rC^oc^coOco 

.-HC^  C)1000tJ<»0O'^ 
--I  -H  -H  CO  CD 


2)^^01— ■'— 'C^cocor-co 
pcocoioi--'Mt--ioaiai 
c^<— «r^      »— ic^it--t^ioco 

CO  co"i~rco  oT 


»0   !>•   01    •— I    O    r—    1:0   ■^    li'D   Oi 

ocoo—'— I.— .r*.(-^coTt* 

COOlOlTfOsCSCNCMt^.— I 

^  c<i  CO  h-  o  00  CO  >— Tt^oo' 

r-iCNCMtOI^CO»OI^OO 


<M 


»o  »o » 


ISTft-^COCC-^COCT)-^ 

.    ^  to  t-- -^  01 1^  CO  t^  TjH 
CTicorf*-Hoi'— 'Oor--cot->. 

•-H         '-nC'ltCco-HtCc'^Tj^' 
■    0  wco 


COC^  iO  w^ 


GOCOCD'^CNCOCOOl'-HCO 
— 'OOO— •OICOOSO'— 'r- « 
r-— ii-HOOWC^iOOC^OO 

(N  r-T  Tj?  CO  00  cnT  TfT  »o  ^' _T 

■<**  CO  00  OS  o 


»0(NCO"OCOtOCMi— -OTt* 

COt^CiOscOCD-^jHiOC^— I 

<NCOCSCOOOCSCDCNJ 

r^C^       00  00  <N 


CI  o>  I-  ro  t^  01  00  O  O  lO 

io05cooncoo-^05-^0 

tOCOCOtMOiOOl-^ 

--Jolcooo      »c 


i-  CO  CM  CO  i^  CO  oi  ■rji  CO  00 

00-— iC^JiO-^-rt-t-,,— I050S 
COCOCOOOC^OiiO^t^OO 

Ci  C^r  t^*  ^  iC  Ci  — -  iO 
C-i  -H  CJ  CM  M< 


■-^CDOOOOOICOOOCO— 't-H 
r^OCDQOOb-OSiOCVICO 
COiO-rJ^iOCOGOlO^HOCO 


•-HCMOi— 'CiTf'cO'— '00^ 


»nTt^05CMt0l:--C0C0O'^ 
-^oco-^cocMOs-^r— <Tj< 

■^OCMiOOCiO-— -lO^CD 


■^  t--  10  CO  OS  -^  OS  0,00  Tt< 
>— 'h-CDOOiCoOCMOS— < 


CN  CM  CN  CD  C 


■*  00  CO  O  CD 


»-(T-(Tt<OlCO'^CMCO 
.->  r-(  CO  -^  O 


0S0SO»0»-HTt*t^-^CM^ 

lOOOCOCMCOOlOc'^COCM 
■^t^OOtOOSCOiO^COTj* 


CM'^^'rt*OcO(M03I>CO 
CD  CO  CD  CO  rf<  »0  ,-(  ,-4 


§§§sl 


o-oo-i" 


^  O  CD  o  o  o 


STATISTICS    OF   INCOME 


111 


c^cocooi'-Ht^r*oocD 

lO  CO  OS  !>-  00  O  oo 


w 
W 

o 

p 

P 
W 

o 

w 

Ah 
O 

t> 

o 
< 


O-^0it^»O0000(N02CD 

oi>'COCMrj'coTr»0'— '.— « 

lOC^COiOOO^OCDOCO 


o^'-cocJTrco■^»0'-"'-^ 

iOC-lcOtOOOiOCDOCO 


r-l  ^  "■    Tt*  — I  CD 


CO'-HiOCD'-HCliOOOSOO 

c^^  Ci  w  c;  r-  c*-:  oj  (N  OC'  03 

CO^OS'^'^C^O^OiCOi 


iOC00000C0iO'^CDiO»O 


CD  t^  O  <N  CD  00  CD  C 


OOiCCOcot-COCD^OOiCS 

cooooiOco^coTr«^-«*^ 

t--C^CDCOCOCOt-t^'— 'W 


TrCOQOOOCOTrfMfOO:iO 
(N-^CO  OCSCO 


iOOCSOOt^OOSCOCO^ 

OCDcDt^OO-^OCOOlTt^ 
COOOOOOCOOWOCOCD 


TT'CDCOr-OiOS'^O^C^ 
OOCiCDf^'-Ht^iOCOOO'^ 

"^»0'— '"^io»o--'Or^co 


CS(NCOCOCDt-(NCOOiOO 
1-H  C^  t- w  00 


C<IO>'«*'CO— i(NTt<CDOs 


1-lCO  t-05 


-H-rt^oosr^oo-— COtCCN 
t^QCCNOGOiOTrcOi:/:iO 

WCOCOCC0505CS'-<-«^0 
C4iC»oio'ocd' 


Tt<CSOt-00<N05t^t~*00 

t^CDOCD»OOOiiOO(M 
050SiOiOOiOi005(N<N 


.-ti-HC^c^c^ooioos-— -r^ 


'^Ot^^t^COOiOOO^ 

eocoi^ociccs^-'HOi'* 

d00C0CS'<J'CMOOl-^'«3< 
CO  C*f  lO  l>^ '-h"  C^  O --^  t'T  00 

-^coooo 

rH  r-.  CD 


T-i  Tj»  -^  CO  00  o 


CD-^OOtTCOCO-^CDCSCD 

iot-~oooi03C^r^t--ooo 

■^Tj^CD'— it^cDCOO^tC 


1-H.— ((^^TfCDt^^l^»ocD^- 


CDTrOtOQCCOCDOO-— 'CD 
CDOiOCDOOiOCSOCD-*** 
COC<|idr>.>OOCD"<*<OiOs 


»0  CO  O  M  1— I 


eooooit^oioco^-^cD 

03»-i»OiOCDCOOCOCSOi 
OOTfCM-— (iOOOlOiCDCD 


rt,_,^0-^t>-C^iO 


Tj"GO»OOI>-OOiOCDCO-^ 

c;  CO  CO  (M  •-«  i-i 


•'   IQ  »-H   CS   *C 


> 

oo  ■=> 

oilofl 

S§oSS=« 

OiO  -H    I      I    o 

-J"  -L  J.  o  o  o 

V  o  o wOO 
^o  oo  o  ^ 
o  R'-^o  oo 


lOr-40il-<NC<»Tt<0 

t^t^OOCDOOlOO 

■*J<.-«iOCD»— fiOCOOO 


•-I  CO  CO  iO  lO  (M  C 


40030-^OOCSrrt^ 
.-HC?0i»O'— 'CDOC-^J^ 
»-<  O  •'J'  00  »0  -— '  OC  t^ 

r-T  ^  lo  lo  CO  cJ  oT  o> 


CDClOOt^iOOSCOCD 
^CDOSCDiOCDOIOl 
rHOi'^OOlOCMOSi— f 

t-H^ictoodcToTo 


cDOOiCSiOCScOi— < 
OOt^COOiCOCOCDO 
•-hOS'^CNCDOO'^O 

CO  ci  oi"  00  t^ -"-T  r-T  tC 
c^cocDt-aiOco»o 


Ot^COCD-— i'^COO 


cot^icoioci^oct-- 

C^  Oi  CO  t^  CD  ^'^'  — ■  Oi 
|-^  O  Tf  00'  t-  cs  »o  ic 

'  — ^  tC  CD  Tf' t^  rC  c^ 

■ -i  Ol  Oj  "^ 

^  .-*  (N 


iMC0C0t>-O:OiOj- 


CD(NWO0(NCD'~<f-H 
t--00— •COOCOt^Tt* 

OOOOCOOCD"<t"-Ht^ 


i-H  00  »0  C^l  ^  40  CD 
i-H  (N  l^  lO  TT 


CDCOCDiOOlN'-'O 

coos  —  c;t^tc*oo 
(McocD<M'<rt--coro 


OOC^CDOOOS'-HCDTj* 


'  CS  C^  CO  r-(  Oi  CN       I       I  .-H 


COCDOi-— lOC^lC^tO 
OOt^-CDOCSTft^ 
CDOOCD-— 'ICC^O-^ 

CO  CD —  CO —  t^ 


.-HC0Oi0C0--'i-(O 
lOCOWiOOC'-OO 

r-T  CO  CO  CD  CO  Ci  Ci 


GOiOCO»0(NC^tiOTt< 

iCTftot^m-— t.— luo 

iO(Mt-*OS'«J*t^CDt^ 

CO -^  00  00  OS  GO  05  oT 


—I  -^         .         .,-H 


Tt^C^I^t^CSOi  —  t^ 

(NiCt-COOlcDCOOS 

,-HiOiOiCCOCO  —  00 


COC^lCOtO'^'-'OOiO 
f-iC^iOCOOSOCOTt* 


COTfCMt^CDCDOOC^ 

OOlO-^OJt^t^OO 

OioO'^dor^OiOs 


''J'OICOOCOOCDCO 


C4  CO  '^  TJ*  O  »0   I   '  — 


r^o— 00*0*^0 

'^J^t^CSCOOOCD  —  ^ 
CDt^t-HC^t^COOiC 

e^  CO  oT  i-T  »o  CO  00  CO 


J  O  t^  !M   '   '  ■-' 


OOODCO^t^OO'^ 

rr  CD  Tj^"  CD -4  00 -^  ci" 

i-<  1-H  CS  "^  CO  t- 


OOC'^COiCCDOiCSC^' 

lOOCOOOCOCOOlC^™,    Q 
lO  CO  CO  -— «  I-"  '— < 


£  o  o  o  — .  Y 

t-^  U3  ,-(  C^I  lO  " 


oo  <^  3 

c^O  O--.   o 

7oii  ^ 

o  o  o  o  m 

g=-=.o.2 
§2g2o 


t^rH,-iOi«OOOtO      1      1 
r-l         CC  ,-i  TJ,  C^  U^  00       1       1 

1 

9 1,905 
9  1,319 
9  2, 392 
9  1,992 
9  2, 337 
9  2, 395 
9  1,640 
9  1,  779 

«  1,905 
9  1,319 
9  2,  389 
9  1,976 
9  2,  333 
9  2, 383 
9  1,640 
9 1,  754 

05 

22, 598 
13,613 
25, 030 
23, 226 
18, 776 
42,946 
8,  563 
24,  757 

en 

1,125 
437 
1,230 
160 
329 
186 
38 
56 

CO 

21,202 
12,878 
23, 347 
22, 651 
18,023 
41,709 
8,345 
23,  641 

9  11,792 

9  5,714 

9  8, 308 

9  639 

9 18, 000 

11,136 

360 

31,775 

CM 

00 

17,151 
13,998 
27, 326 
21, 607 
21,  239 
43,808 
9,589 
24, 289 

o 

1,644 

2,065 
2,937 
6,686 
9,180 

12, 383 
8,777 

17, 968 

o 

2,127 
2, 583 
4,719 
6.  276 
12, 101 
15, 643 
6,140 
17, 659 

8,176 
5,975 

10,144 
8,066 

12,  632 
7,270 
5,011 
3,142 

8 

19,929 
21,221 
41,743 
44,971 
39, 489 
97, 385 
32, 023 
102, 157 

S 

00 
CO 

8,897 
11,191 
22, 167 
27, 477 
22, 397 
62,  637 
18, 685 
69, 088 

03 

of 

3, 751 
3,026 
5,985 
6,373 
5, 350 
9,975 
4,796 
7,669 

to 

■0« 

4,941 
4,341 
7,292 
6, 765 
6,113 
17, 174 
3, 915 
9,842 

00000050Ct»Ot~      1      1 
O  05  t^  OJ  «0  -^                   II 

?3 

00 

Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-^,000... 

5,000-10,000 

10,000-50,000 

50,000-100,000 

100,000  and  over..- 

"3 

o 

112 


STATISTICS    OF    INCOME 


Cash 
divi- 
dends 
paid 

Com- 
piled net 
profit 
or  net 
loss' 

^  r^  S 

o  a> 


2-sas 
o  s  °  '^ 


OS 


«  9  ^ 


^   PI  S  C3 


oast's 


ri  O  d  o  01  " 


r^    I    tn  —   O  w 

"2  I*  OS  0 ■£ 

□   *^  l-^  .«  C3  O) 

o'SBis'3-S 


C3  03 

en 


COCO-^CO»OOCO»-HCOO 
OOOiCOCMOJO'^COCMO 
COCD'!*^-TpCOOOOt-^-<*<t^ 


CM  CD  — »  00  'rt^  - 


J  CM  CO  CO  CD  lO  UO  O 


Tft-^CJ-^CD-^b--— '>—<■-** 


J-HCOOOCOh-CMOO-^O 
•-(CO-^CDCO— 4CM00CO 


OcOCOb-OOOOCOt^^^ 
CDt--iOCDTf'^'— 'b-CDiO 
CDCDOCOCD'^tO'^r^O 


CO-— tt^COCOOOCOClTt^CO 
r-HCO-^COCO— «C-1C0CD 


CM»0-*t^COOO-^CnCM-:t^ 
OOaiOiCOCDCC":>lr--cOOi 

ior-t—  oioouO'— 'CMcot-- 


Tt*C0CMTt<^--HCM00CO^ 
r-CMCD<0050QO— IGOOO 
r-(CMiCCOt^CMCiOiCOO 


OOTj^TjiOiiOr-HCOt-CO-^ 
O  CO  OJ  C-1  CM  -H  CO  00  »o  -^ 
COOCM'-HCDOSOO'-iOii— I 


OSTt<CDCMC0CMTP05«OC 


CO»OiOOC003C0010«0 
^OiC^CDCOCSCDOCMO 
--tCMcDOOCrnOiOOOIb- 


'^X-HU^lCOCOCDCOiO'* 

CD— <ioast^io»OTt<oco 

r-cCMtOtot^-— 'OOOCOOi 


— <  o  Tt-  to  o  o  : 

CO  CO  GO  t^  C^  --H  I 

o  o)  ci  ^  '-H  o  : 


iO'*J<>-HO-^OCO-HtOb- 

_     r-ICO'-HCO'^COTjIOOl 

i-H  -H  CO  CO  b- CO  00 


OOOOt^rHCOt^OCDCO 

O5CMt~^'-Hb*00-^I>-Tt<CO 
CMt^i— lO-^COCMOOOOOO 


Tt*CDGOOOOJCO-HC5COOO 
•^lOiOCO'-^OCOCOt^CO 

'-H'-(CMI>COCJ'^CO 


OOiCDO]COCMcD030CO 
OiOb-CMCOOO'OOSOO'— < 
OSCMt^a>tOCMb-l>-l:^'«*< 


CMlOCOTf<COOSCM'-«t^Tj' 
C^COOO^OS'-ht-' 

CM  -H  CM —t  CD 


-H0C*^-HC0C0-t^OCM01 


CO  lO  Oi  CO  ' 


OOCM  '^  tP  O 


COtOCDCOI^iOCOCMOOCO 
'-•'-hCMCOCOOiOOS 


lOCOOOi'O'— 'COt^CDCD 

r^CMcs-— *Oiroto»oosco 
'^O'o^ooaicst^cob- 


OCO'^»OCOOi»Ot--'^CO 

CMCMCOCDOO— ■Oi'— "OOOi 

CM         CM         CM 


tOOlCOOCiO-— 'OSOO'-* 
lOCOCOOCOGOCOr^COOO 
OOJ'— 't--COCO'-(t^CMt^ 


COC005'^OS!^b-iOCDO 

t-.  _H  -rlH  O)  CO  CO  CO  >-«  Ol  .— t 

WfO-**>CCiOCOC^10 


OOCD-— 'GOOi-- 'O5O5C0CM 
CM  t  -  CO  O  T  J  O  to  05  O  CO 
1— i00CO»O»O"D'X)'-HTPCO 


C^r-C0--*CMQOO»0'-<0 

CMCO'-^Tt^OiO'^t^OO'^ 
rHrHCMCOCOOS-^-^ 


COO-^CO— 'Tf^COOICMO 
-—•tOGOr-COb-QOCMOOCM 
O-^CO^OOliOOOCOCMTt* 


CDC0CMTt^t--I--ai05C0C0 

1— iCMooO'^J'aicoob-t^ 

1-H   f-H   TJH   CM   to   r-.   CO 


.— 'TfOir-CMCOiOCMiOCM 
OOOO'-HiOOOCOb-iOCOO 
CDCMCOOOOi'^OiOOOC: 


QOOitOCTiCOOlOOOCOOO 

CMcoo— 'lor^'ocooj---* 

r-(r-(r-(''^CS(»Or-(CD 


r-TfTTCMcot— a>CMi>.r-i 

OOf^ClC0CMTt<CM— ICM 
^:O'-<-^00O5r-i^ 


;osr-.oo5 


M  iO  .-H 


CM  to  ■■ 

o  »o  : 


'  o  o  o  o  o 


I  iO  I— C  lO  f-H  lO  I— I 


o  -^  t^  CO  w:i  o>  CO    1    1 

Tt<  to  (M  !0  IM  >!><  CO      1      1 
C^  CO  »o  -^  O      '      1 

IM 

Tf^t^r-l— iQCCSt^lM         1 

CD  OS  t^  t^  ^  *0 -^  O      1 

lO  r-i  CD  I^  05  "0  00  CO      1 

00  rJ^lCcD  CD  CO -^'lO      1 

1  <ji 
1  o 

1  uf 

OO 

1^ 

CD 
CO 

cor^O^H^^CS-rt^C^t      1 

CO  05  CO -<»*  >0  CD  05  O      1 
»0  r^  CD  t^  00 -^  t^  CD      1 

00  •cJH^t^co 'CO  CO -^iO      1 

1  "O 
1  >0 

130, 385 
64, 771 
123, 098 
113,712 
115,024 
228, 480 
105, 499 
320, 087 

100 

1  -^ 

CO 

o 

7,572 
1,587 
3.409 
1,378 

330 
3,083 

654 
3,121 

100 

121,736 
62, 570 
118.508 
110. 682 
112, 983 
220, 522 
102,411 
314,015 

1  en 
jo 
loo" 

or^osoo^^^oo    1 

t^lOCD-^OMO-^C-J      1 
OC33COT)iOCOt^iO      1 

— Tco  GO  CO  C^OO^-H  oT     1 

100 

s 

75,023 
47,259 
89,211 
77, 869 
71, 738 
173, 648 
69,  371 
66, 095 

1  CO 

1  b-T 

05 

6,768 
6,094 
17,041 
19, 295 
20, 616 
51,642 
22,  237 
35, 135 

;§ 

1  o 
'  o 

1  CO 

00 
CM 
00 

i 

6,186 
8,111 
1.3, 963 
17,531 
19, 569 
46, 707 
34,  214 
75,  743 

1  r^ 

;s 

1  oT 
1  -^ 
1  c^ 

36. 865 
22,723 
40, 961 
31,  235 
41,062 
58, 107 
49,218 
42, 232 

1  CD 
r  -^ 

1  d 
1  o 

CO 
00 

00 

86,478 
66, 944 
147, 606 
139, 993 
170,072 
384, 610 
192,020 
231, 231 

1  OS 

1  ^ 

S3 

30, 480 
25, 885 
59, 870 
59, 803 
76, 408 

160, 538 
81, 135 

127, 115 

lOi 

CO 

17, 835 
13, 908 
30, 623 
30, 338 
32, 047 
75, 380 
41,755 
40, 578 

t  .?fi 

is 

i 

o 

"5 

24, 197 
14, 419 
29,705 
24, 878 
25, 791 
67, 901 
28,230 
38, 428 

t  b- 

1  -rf 

1  cm" 

■  t^ 

00 

-S-C^t^cOC^OJt^^— 1 

OiOC^OT(<C»(M-Hoo 
O  03  Gi  '^i  C<l  ^ 

'!*<          * 

i 

Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000..-.    .. 

10,000-50,000 

50,000-100,000  8 

H 

^  2 

i-i 

So 

o 

STATISTICS    OF   INCOME 


113 


COh-r^'^t^'^CMCMCOO 

oocoosf-oior^ot-'OO 

i-HCOtOOS'^i— it'-tocO 


CM -H  CO  t^  OS'* 


OSCJSOSCOCO-^COCMOSt^ 
CSOOSOStOOO'— •'-«'— 't^ 
rHCOOOiCMt^OtOt^CO 

.-T        to  00  CD --r— J' CM 
I— 1         CO  CM  ** 


OSOSCSCOh-CMOt^'^'^ 

OSOOSOSCDO'— tOst^O 
•-HCOOOSCMOO'— 'COOOtO 


rH  to  00  CO  '-'  — '  -^ 


cooaiTt*oo— 'Tt^coor^ 

OSCMOS— lOr^CO'^J^OsCM 
CM.-HOCO'-'t^COOOt-^CO 


1>.  CsCMt^OSrHCO'^COO 
CM'-H'^CMCDOCOOO 


CMt^COt^CncO'^tOTPi— I 

i-l  OS  t>-  to  t^  t^  to  r-H 


OS—t-^^OStotOOOOO 
COCOCM-^C-lCMCMCMCMC:s 
CMOtO-^toOOCOOCOCM 

t^  oT --H  tC  00  CO  I>r  l>r  o  CM 
CN|'-HTt<»-<CDtOC0>— t 


scor-ocr^cO'-'O'— "OS 

cot^CrsCi^OCMOS^ 

cocMcoos-— *r^t— icoco 


CMCMOCOCOOI>-0 
>-H  CO  '-I  »-*  to  CO 


CMI^^t^-^C^lTfOi-HCD 
OSi-Hrf^OCM-— 'lOOStO 
OOOOOt-'^O^Ot^O 

r-Ti-TcocoooO'-rorto^ 


OS-^COO-— 'COcOtOCOI>- 
tO-— (OSO-H--OOCMOSCO 

■^cocrscocococoto 


t— coi>.cococooto 

OSO^OOCM^OO 
CM  l>-  CM  OS  t^  t^  rj< 


.-H»Ot-»COGO-- «0— lOOCO 
COC^CDOOOt^tcoOCOCM 

i>-oscO'-HO'-Hr^otoio 

C^  C4  CO  to  CO  CTS"  tC  oT 


COCl'^'— 'OStOCDCMtOCM 

r-ocMC^j'-Hoor-— 'coto 
^coi-^osTf^^'aoococM 

CMcoooToToorCcoooco 


t-i         CM  O'*  I 


—(         CO— 1  CM 

cm" 


'^t'lOCMOOCOCM-HOOt-- 

coot--r*'-<'— <t--io-*"* 
to-^t^'-icoocot-t^r-- 

^  CO  CO  o  or7  CO  CO  o  OS 

--  ^    „    ^    -y, 

1-1  CD 


H  CO  -H  . 


CftCMCO-^tot^tocOCOO 

— iCMOs-Ht^cooor^oos 

COCTSOOOCOOtOI>.CMOs 


toosooco'*'<3^oscor-to 
i-^oocDor^osootOTt<o 

OOCM'-tCOt^COOOtotoC^l 


r-i  CO  CM  00  OS  f 


CM  '-H  OS  '^  to 


CTso-^as'-Hi^cDiOcoco 

00  to  CD  CM  -*  '^    •-< 


:  o  o  o  ^T 


JSvVVooooo 
cootoo--ooo 

'to-— (CMto«-H»0'-Hto>-H 


■*  CM  COO-*      t -^ 


r-cot-^cDOsOco-rt* 

OSi— itocOOSCOOtO 
'^CMiOrJ^^toOSCM 


f-cototoi-^-^coto 

Os^tooOOSCOOrt* 


000SOt0iOt--tO00 

ooo-*cocOt-<o:co 

t-^  CM  t^  to  co"  .-r  os" -^^r 


COCOCOt— it-^OStOr-H 


COCOtOOOSC^OCD 
0000CMCn*CMtPCMC^ 


COCMt>.iOCOOOSCO 


1-Hh-OSOlOOCDtOCO 
■^iOCMt-^000--H»o 

1-Ht^— 4r*OSCOOOr-t 


iOt--OtOt^O— <"* 

io»oosioototooo 


C'l'— <CO-^iOCMTt<'-< 


00  00  CD  CO  CO  CO  CM 

CM  r^  —I  to  CO  CO  -H 

CO  •-<  t-  O  >—<  CO  to 


•-*OSCDCMcDrt^-*CM 
•-•COCOtOOS'— iCOC^ 

OTt*iocMoor-os-^ 


COGOGOCOCOiOcOr^ 
•^CJSOOCMOSC^JiOCO 
'-•t^OOOOTt^'-tiOTt* 


CM         1— (  ■-.  r^  — .  CM  CO 


C^SOSOOSOOSCMCO 
COCOCMC^iOCOCM"* 


COCMt-^OOOSOO-HCO 


t^COTPOt>-CMOSC^I 

CDOCOCOtOOSOOCO 

rHCMCMr^-rHlOOSt^ 


1— I— iCMCO-^t^OO 


oto-^-^cocotoo 

O  —  CMTt'OJO-HOO 


i-H  i-H  — I  CO  to  tP 


oscoioot^-^coc^s 

OStOTfTptOOSOO'-' 


1-1  .-1  —.  CO  --H  c 


CD  OS  OS  "*  CO  OS-CO  CO 
O  CO  "*  CM  <-i  .— I 


-^  ■oo853?7o 
§oSg-;iiS§S 
atioiSS§=-g 

-JiOi— <CMtOi— (to-— <tO-H 


749 
1,265 
3,829 
5,981 
6,429 
22, 454 
8,297 

1  (M 

■  CD 
1  rji 

.  CO 
'TO 

CC 
00 

1,629 
2,325 
6, 324 
10,064 
11,716 
38, 085 
13,  706 

'  CO 
'  CO 

00 

1,635 
2,325 
6,332 
10, 070 
11,739 
38, 256 
13, 768 

I  o 

IS 

ICO 

CO 

67, 304 
65, 448 
123,047 
134, 137 
134, 549 
344. 145 
115,045 

i 

i 

1,119 
479 
713 

2,253 
620 

2,087 

1,053 

IR 

o 

55, 772 
54, 499 
121, 152 
130, 329 
131,533 
333, 326 
111,062 

ii 

■  00 
1  (N 

(N 

9  53 
3,238 
13,  365 
21,408 
29,  443 
101.241 
48, 889 

1  t^ 

1  rt< 

■  (M 

00 

10,986 
12, 179 
26, 687 
28,513 
31,311 
102, 890 
59,022 

'loT 

1  (M 

o 

950 

984 

5,613 

5,388 

9,072 

29, 581 

10,216 

1  OS 

o 
-^ 

o 

642 
1.179 
2,548 
4,335 
2,997 
8,673 
9,321 

:?3 

■  00 
ICO 

?3 

6,377 
6,728 
12, 874 
14, 430 
13, 480 
33,  567 
7,563 

lt~ 

1  (M 

CO 

21,067 
26, 471 
65,900 
79, 747 
92,818 
302, 367 
151,  008 

1  o 

ICO 
1  Ttl 
IU5 

00 

4,413 
6,112 
16,794 
21,372 
26, 370 
80, 259 
37, 936 

I05 
i'>0 

CO 

5,522 
7,210 
16,992 
22, 192 
24, 557 
73,  270 
35, 378 

\^ 

00 

8,903 
9, 939 
22, 683 
26, 522 
27, 935 
82, 878 
37, 128 

1  '(^ 

CO 
CO 

05C0^  <N  f-l  rt        «. 

*       ( 

OS 

Under  50 

50-100-- 

100-250.--. 

250-500 

500-1,000 

1,000-5,000 

6,000-10,000---- 

10,000-50,000  8 

.^o.ooo-inn.nno___  __ 

.•a  p 
8^ 

O    M 

3 

o 

114 


STATISTICS    OF    INCOME 


00    U 


>~i  ^  "S 


S  °-" 
>-^  c  ® 


■O  -  O  K 
r"^  ®  5  >-  o 
US  Co—' 


c  © 


ga°§ 
2  3  Es 
O  §  2  2 


2.2 


3  S  »  i2     .ta 
b^>£2'g 


o  2  tf 

rr-t    C3    C3 


!?  ^  3  ts 


=fi  ^  S  i-s 


O  '^  cs  "  >- 


■Sic 

5o 


a  a 
"go 


O:  OCO  CO  I^  O      1      1 
■«•  O  CO  >o      ■      1 

— 1      a    •    1 

1      1  c^ 

o 

CO 

OOi  Tf  ao  CO  ro     1     1 
tc  —  oa  CO  i^  t^     1     1 

CO  O  CO  i-O  O  O      ■      c 
Co"— "c^--rof  CO      i      i 

1     t  r^ 

CO 

o  Ci  ^  o  r^  CO     1     t 
ic  —  c^  CO  o  r^     1     1 

OC  CTICO  >000      1      1 
CO^-n'M  —  M-rO      1      1 

1    '3 

1      ceo 

'J' 

LO 

to 

52. 978 
25,014 
30,  727 

27. 979 
27,812 
43,718 

IN 

1,936 
620 
682 
250 
355 

1,164 

1      '05 

50,611 
24, 101 
29,610 
27,  246 
27, 029 
41,606 

1      1  OC 

1  IN 

O 

•17,480 
•4,111 
»  7, 834 
337 
»  3, 495 
10,351 

1       i05 

.     ,co 

i 

22, 958 
13, 104 

18,371 
17,641 
17,  670 
23,  257 

1      ICO 
1      Ito 

CO 

oT 

2,  730 
1,634 
5,  649 
2,561 
6,571 
10,  295 

1      1  IM 

CO 

2,378 
1,876 
4, 873 
3,851 
3,  207 
5,042 

IM 

eg 

14, 726 
7,644 
9,616 
6,399 
8, 565 

13,431 

1      1  o 

1    •(£ 

■^ 
■^ 

29, 947 
22, 578 
34,  207 
33, 883 
35,217 
74,  031 

i  ;i 
i  is 

00 

8,397 
6, 990 
11,242 
11,278 
11,542 
20,  790 


1      1  CN 

1      ,M<" 

to 

7,222 
5,028 
8,336 
7,464 
6,962 
13, 476 

1      1  o 
1      1-^ 
1      .(C 

QO 
00 

to 

9,  237 
5,  .502 
7,783 
7,824 
0, 756 
12, 054 

i      il 

§ 

ooaoocoroQO  —  ^j* 
r~— .c^c»>oco„  „ 

Oi  CO  (N 

00 

Under  50 

.50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000  8. 

10,000-50,000  8 

■ii 

III 

To| 

3 

o 

e 

t^  t~  ■*  OS  O  h- Iv  t^     1     1    1 

■OOOOOC^CltD— I'S"      1      1 
0005C-JCO-!)<00505      i      1 

— -CSto'tdoOCOIN      1      1 

to 

4,908 
5,742 
10,  355 
10,  654 
10,721 
18, 877 
5, 386 
4,307 

OS 

4,911 
5,751 
10, 392 
10,  734 
10,886 
19,210 
5,407 
4,400 

201,216 
156,  396 
243, 373 
186, 307 
1.50,  922 
186,051 
82, 005 
62, 483 

CO 

82, 188 
70, 842 
133,  017 
129,642 
105,441 
124,  124 
52, 943 
61, 676 

o 

117,040 
83, 322 

104, 900 
52,  553 
40,  415 
54,414 
27, 589 
106 

i 

o 

»  1,  543 
6,528 
24, 090 
30, 0.50 
36,  251 
65,941 
29, 972 
10,419 

CO 

31,292 
28, 575 
46, 324 
36,9.53 
32, 699 
60, 391 
30, 445 
20,  663 

IM 

CO 

1,417 
1,  376 
4,517 
5,356 
4, 596 
12, 893 
4,757 
90 

§ 

CO 

2,626 
3,373 
7,387 
5,824 
3, 765 
5,507 
4,702 
26, 246 

CO 

■«*« 

24,  558 
23,040 
40, 431 
38,  523 
32,971 
43,948 
9,082 
6,202 

lO 

00 
<M 

65, 343 
70, 866 
138, 455 
132, 120 
129, 642 
217, 249 
89, 403 
97, 064 

o 

15, 147 
18,  796 
37, 271 
34,741 
31,318 
54, 834 
31,695 
22,805 

§ 

CD 
CD 
CM 

8,852 

8,  055 
13, 706 
10,  263 

9,194 
17,  550 

6,970 
20, 980 

g 

to 

34, 521 
32, 923 
60, 371 
60,  .307 
58, 270 
84,931 
32,676 
29,270 

eg 

CO 

r^t^t^OiOcoiNio     1     1 

c<j  GO  00  r^  00  —  .-1         1     1 

IM  Ol  00  CO  r-l  r-l                        11 
CO                                                   1      1 

s 

Under  50 

50-100 

100-250 

250-500 

500-1,000-. 

1,000-5,000 

5,000-10,000 

10,000-50,000 

50,000-100,000 

100,000  and  over... 

"3 

o 

en 

STATISTICS   OF   INCOME 


115 


i 

o 
o 

CO 

O 
O 


O -^  "*  00  Oi  — '  ^ 

?o  o  to  »r:i  o  o  o 

1—  tT  MOD  lO 


C^  (M  OO  CO  CO  1^  ^ 
f-  :0  Tf  O  O  O  !>• 

Tf<  to  to  CO  ■— •  OJ  lO 

Oi  "^  to  fC  CO  »o  ** 


OO  »0  00  O  to  CO  CO 

CO  to  CO  CC  — '  CO  O 

'.^  lO  to  ^  o  o  to 
O -^J^^  to  CO  CO  to  ** 


to  C^  CO  CO  CO  —t  to 
lO  —  O  "^  O  Ci  "^ 
(M  C4  CO  to  --I  t-*  !>. 

T-T  CO  00  ci"  CO -^  GO 
C^  00  Oi  to  -^  »0  i-H 


00  CO  CO  h»  to  t>-  c^ 
O  "^  CS  CO  -^  to  CO 

,-(  to  to  c^  c^  c^  >-< 
r-^  TjT  CO  to  tC  CO  05 

OS-V  toCO<N<N 


t^  Tt*  -^  .-H  v-<  O  OS 

to  to  CO  '-I  O  -^  O 
CO  GO  >— •  OS  "— '  to  00 

T-T  oi"  cT  to '^  T(5"  Qo 

W  CO -^  —<  --i<N 


to  CO  -^  00  t^  ^  --< 
CO  CO  CO  •— '  CO  CO  c^ 
O  (M  O  OSOO  --*  O 


CO  O  CO  to  00  (N  CO 


CO  a>  OO  ^^  05  CO  c^ 

Ci  o  — <  r^  CO  <-'  00 

c^  o  to  l>-  ^  t^  "«*< 

(N  CS""  CC -^  CN  Co"  0> 

CD  CO  CO  tN  C^  CO 


t^  r^  o  CO -rf  o  t^ 

co  Oi  to  -H  o  CO  CO 
to  t--  r-  to  to  "«^  CO 

CO '-h"  CO  CO '*" "  t-^ 


CO  (M  00  CD  oa  OS  "* 

1-t  to  ^  00  CO  00  ^ 
OS  05  00  O  CO  00  00 

ododot-Ti^Tcoco 


CS  OS  O  CO  CD  h-  CO 
O  to  (M  1^  CD  GO  CO 

lO  •— '  CO  to  OS  CO  CO 

OS  00  CO  C^  CO' OC"  OS 
■Tt*  CSI  CO  CS  CN  CO 


"tT"  CO  CO  CO  OS  -^  c^ 
00  CO  to  OS  -—  -^  CO 

ooo  -^  o-^  oco 

CD  CO -^  O  CS  CO  CS 


C<l  CO  CO  -^  00  to  -H 
.— I  — ■  t^  CS  OS  CO  rft 
00  C4  CO  ■— •  CO  O  <-< 

tC -^jh"  CO  oi  — r  00  0(5" 
C^  CS  CO  <?^  (N  CQ 


CO  CO  r*  CO  r^  <N  to 

CO  to  t~^  OS  c^  cc  ♦-< 

i-H  ''i*   -H   O  C^  — '  '^ 

.-T  tC  o  CO '^  00 -^ 


00  CO  -H  -g*  :o  -H  t-- 
to  OS  OtT  o  to  o 
CD  •— '  CO  CD  CD  to  1— < 

CO  to  CO  i>r -^  ^  c5" 

T»<  (M  CO  <N  CO  to '•a* 


P5 

o 
fi 

o 
&^ 

o 

Ph 
CO 

< 


.-icooooocMr^ooO'^co   ,  w 

i-HCOC^C^CSt^'^OC'-i'^ 

t^cst^-^occ^co  —  c^o 


tOCD"^^'— ''— '.-HOCTrr;' 
l-tr-4C^t^tO(MCOOS 


coo)r^r-csocc;r^cy:oo 

COC<»--OOiMi-iCOOCO'^ 
t--CStOC00000'-(0CtO-<:r 

osod'-Hoodto''ci"iocsto 

C^<N<M00CD»O(M00 


Ot^OO-— 'OC^CCtcOO 
CDCO»OCOOSOC'(NCSOt^ 
l>CltO'^OCi-HCO'—  t^O 

osod»-^ood<DC^^*ol(N 

(NC^C^OOcotOC^C: 


oo,-4^t^(M'r:^to-^cs- 


oC'(MC^r-coto>-'-^csco 

■^J'COCrCD-H— iC^(N<-<00 
OcDCDCOCOC:005to.-< 

O^'^t^OtT'-^toOCt-^C^Tt* 

(X'-tOcoc^c^^or~~oo 

,— (I— (CSi— tC<»tOC0C^OStO 
w        CO 


lOCDI^TfCOOCCO'TOO 
CDOOC^tOOOCOCS-^rC' 
tOCSI^C::OCOC'»i*COC^ 

COi-^COcTos'cD^'^ClCO  CD 

.-(»-tco»— icol^c^io;?' 


lO^'—  tO'^t^CDtOCC'- 
t^COCO'-Hi-'I^to— C 


to  TP  O  O  CC' 


^Si! 


rH,-lr-lCDtOi-'-rCO 


OStO'— 'O-^OStOQCO^CO  I 

CDCOCOtOt^C;'— 'C^tcCO  I 

to  cs  r-«  c^  rf"  CO  to  r^  CO  00  i 
f-rcc^co^cdcD>--"r^^c?'^ 


f-HCOOOOOOCOOS    I    i-^ 
^  -^  -*  CO    I    to 


CDC^tOCSCCCOCOOCOCCS  I  OS 
CStOOOt-OTfCOCC'l^'jO  I  t^ 
CStO»-<00cDt^C^(M00t>- 

Ti^"cD-^too6"tocococDco 

CSICCtOt^fMCCOOS 


to^"^I^Ot^O0COt^ 

cDOSTr^i:--c:c::i:^csto 

(MC^iOtOOOCS-^'-'OOOO 

^"fdC-n^cdcO'-HTf'-^c^ 

Mi-HCCCOtOtOO"*tCt^ 


^OOOOCSCOCSC".  OlO^ 
l^CJC-lCO-^tOCDCCCCS 

lOt-'COClCCOOCit-XCD 

T^  oc  t^  oc  oc  — ^  ci"  — •  c^  en 

C^<SjcOCD'<j^O:OCCO 

i-T  i-T  to  -^  CO 

CI 

tOOSTfOCCOCOtOtOCOtO 

c^c^or-cociCiGCCrco 

Tt^^'^tO'^t^OCM'—tM 

Cj  CO  t^  CT  t-^  CO  oc  o  to  ^ 

lOtOCOCC^C^CSCCtCO 

,-«i— <C^C4«-Ht-OS"^ 


tOOOOC^OSOO-— 'CtOSCC 
.-.CO'-'t-O'^t^— 'O'^ 

cot-cDcoosc^^c;ooc»o 

T-H  i-T  CO  CO  to  CD  CD  Ci  CD  GO 


LO  CO  to 


^  ^  CO  cs  to  r^ 

CO  -i^  CC  CD  CD  C^.  - 

t^  c^  tM  CO  00  to  c;  t^  t 

To  ■^c^^^ --Hco'  CO  c-ico 
i(-OT*<T«iocDOOC;^f 

,-ii-(  Tf  cs*  O 


OtO^CO-^COCJO^CtO        to 

c:coi^"^tot^c ""^   '  '^ 


3 

p 
o 

PQ 

t) 

Ph 

P5 

o 

ft 

<J 

;z; 
o 

e 

^ 

o 
p^ 

CO 

:z; 

<1 


TfCStOl-^I'^CDtoOiC^CO     I    CO 

O  CO  l>- C^  CO  t^  t^  C<1  CO  OS         cs 

OS -^  t-^  to  tC  O 'Tp  t^  CD  CO 

*--«    C3.    a»    o     CO^tOcOtO 


vv  —     -^    ^  ^  CD  1— '  OC  CD  CO 

oocb-cscocDt^'-t-^c: 
Oi'3*^t^tot~^o-<a^t*cDf2 

^Z    a.    a.    a*    COr-tOCOtO 


CD'-HCOtoOCI^tn  0040 
OCSCOCOOC'COt^OOtO'tO 

t-Tc^c^'cocdc^'coc-f'—  o 
r*t^ootocococo"rrcoco 
Ui  ci^Ttcoco 

of 


■^t-CSOCCSCi  —  cc^ 

ooocDr^oo)ci--<oio 

t^OOOCDtOCOC^t^tOt^ 

CD0dcr-^^*"tOr-rc0  -T  CO 
COCDXtOCDC^COCOCICS 


N 


ooor>-tooioccNOscDt^ 
cocst^^^'^tO'-'cceDO 
cisi>-tocotot-tot-ccoc 

00  o  cT  CO  CO  to  cc  cr  CO  CO 
oor-iTrcocDco-^cDc^c; 


CDCOClTj<C:C''"^C^CO''=r     I  ^ 

f^,—,!— lO-^I^GCdCOtO     I  'T 

ttOi— 'OS-— ».— 'C^CD'^O     I  C^ 

tCcsoc"os"co  r-^'— 'os  CO  ^  i  o 

occor^tco^cc-^cr-co   I  c^ 

rH  CO  c-i  r^  to  o  CO 


^     ,    CO 


CM  C  Ol  CC'  OS  >-.  . 

^»  to  to  t^  c^  CO  ■ 

to  c^t^c'cs^"' 


to  to  C".  C:  '— '  04  CO 


0<N  ' 

■^  OS  '- -    - 

COCDCSOtOCCCDCOCOOO 


■^CS"^CCOCCO  ococccs 


CMCM  CO  CO  t.  .  .  _  _ 

C<»i-HCOtOCSOCt--CJQr  to 


t—  CO  r^  OS  CO 
oc  t-  CJ  or  to 

tP  CO  CO  ■^  00 


ooo— <c;ot-^<Nc;:co 

rj^or^cD^OSt-C-  OICD 
COOStO'^OC'-'O".  0'^»-' 

toioto^totocTc^'-Hio' 

lOO^rrCOtoClCS-^'-'^ 
I— I        Ol  f— 1  o 


to  c  o;  to  t^  oc 


OOSOCMt-c:'— Oj-'tr 

CO  O  O  TP  O)  CO  o:  O  Oi  00 
OSO  —  t^COC'-'COO'-' 

c5' 04  '-^  to*  CM  C I  cT  1-i"  ' 

o  t-  TT  Tp  to  c  0-.  to  r 

rH  ^  ^  CM  *-  t-  X  ' 

,-r        C4  of  CD 

OtOCC-W^C:  O-ttCCC^J 

T-<  OS  CM  C^l  CO  OJ  to  CO  "^  OS 
0C'<rC0t0CDOOCDw't0 

wcoTr.-*^0'-^r^crtoCM 

eo-^OST-iOOt-cDOl-rp 
_.«.—.  ..^  ^-^i  -^  00 


CM  CM  01  ,  Ci 


CMCM-^- 


;  TT  O-  Oi  c:  ■ 
...    _;  to  to  cc  CO  (  -  . 

OCO"— 'COCOtOi— 'tOt^OS 
cm"  i-T  CM  1-^  CO  O  O  ^  CO  C 

CDt^GCtOOCCOtOM-^CO 

CMCt^OCfcCCOCD'cDO 

TTCO'-^to-rCCrp^l^tO 
M1-4CM'— 'C^t^TCOCitO 


T^OCJ^OStOtOOOtOi-H 
i-HOOt^OS'— 't-^  eoaj 

t^OS  CO  ^  --H 


ICOOs-^OCOOiOr^ 
i  CO  CD  to  t-  CM  OJ 


^  CM  to  oc  CM  C  I 


o 


■  oo  ' 


I      I      '  O  Q  O-rl  o 

■  og^^oo  3  W) 

t:   'oog^-2?7o2 

o^ocMto^Aiooo  W 

h;  o  o  to  o    -   -o  o  o p^ 

piOr=tCMto>-ltO-HtO'-i^ 


i     I     .oo  ^ 

:  c  o  c  o 


)0  ~- 


I      1      .      lOO   ^ 

igiliii 

^lOOotO-— "    I      lO 

;  o  tC'  o    .  I    I  <±  o  o 
iocMtor^croooo^ 

■.ootoo-^ooo 

^lO'-'CMtOi-HtO.—  tO'-' 


116 


STATISTICS    OF   INCOME 


2  S  "S 


(ji     -a 


.^  ^ 


U:;3  Q.  o— ' 


It's 


OS22 


ol 


3  H'gS       -S 


w  I     .s 


Q.  c«  ^  o  o 


a  a  o  ?  "^ 


-iOOt— IOOCDOi':Ct^CC 


I  ^' 


lOiOi-HOiOlOOOt^I--"^ 


;  GO  O  01  C^  -H  CT'  "^ 

.  CO  o  00  o  r^  CM  CO 


COCDOOC'i-HCXOCOt-I- 
OlOSCC'^f'— 'OOCDCOO 


CO(N'^COCOCOCNCOr-.(N 


:tOCDCOt^0000COC 
!  C-  05  CO  01  CD  CO  -^  I 

ir-HCTiCNCOCOCOt^C 


<  CD  --rf  00  C-1  CO  CO     I    CO 

1  rr-  Oi  .-t  i^  CD        I   CO 


t^.-<CSh-'*b-05^COCl 
OOiOOCOOCOCOCCTPO 


ooo'^r^wCioo.-tior^ 
cDio-Tjit>-,— <oocoai^o 

OOO'^COOGOO-^'iOO 

coc4"-^cocoioc4'coi-H(>i' 


r^cocDcooCi— f  —  -rrc-r- 

(M00.-<CDIO^-O»0t--C0 

t—  Tt^COr- tlOOO^^t^WCO 


COOOtCCOi-HCOt^OOC 

■^.— icDt--r>-o-rfTP-^f: 

^CS(NCNCOfrjtO(N' 


r--— «cr-Doiooooo»oco 

00-^OiOC0»OT}Ht-^O01 


MOiiOO^i'-'b-OOOiOi'-H 
05r*COOC^lMCOt-000 
COCOO-^-^OOC^JiOCOrt^ 


:  Tp  t-  '— '  «0  OJ  Oi  C'i  CJ  O 
JiOO'— <iOCOOCOiOO 


)  i>-  o  00  00  -^ 


O5  0C''— <COCO*0  010CDCO 
i-i(Nt-GOCDCDO:ClCO 


^  CN  ^   rH 


COt^OTPOOOfNO:(MCD 
OOI'COt^'^OltocOO 
COOOOCDiO»-<"^I>.t^CO 


C<).-H«Oio^C^(MCOcOO 
C^COCDO^O-'J^t^-iOi-H 


I    CO 


<N»0r-iC0l^t--tCC0»O"^ 

OOiOTj<b-.(Mr-(-T^t^^CS 
0"^C^OOiI-^CDcDCDiO 


COtOiOCDTfCOaJi— <CS05 

c^CN-^cocor-c^cDcoco 


oococococo-rrc^'-HTrTf 

(N(Mr-(COiOt>-aiCO'— 1-^ 
lOOO-^OiCOiOOOi— liO»0 


COlO-^GOCDCJ-^OOiOCO 
OiCOOi'TMOCSOir^OOi-i 
t^OOiOCOCOOOOi<N.— l-rj* 


»O(MC0":r'0iC;'-<CDOi(>-» 
TP-*00-^rf^iO»-iCDtOOi 


00C^(M"*OCC'"^00i— <0 

cotooococoi-tt^c^r-to 


iOOi<MCOCOTrt^OOO(N 
OOOOOiC-— OTj^OiCD 


cooiioooor^cicD-^"^ 

ooOiO^onoO'Tt^ocol-- 
<NCN»OTt^COI'^C^OCOCO 


t^coco-^ojcncicoi^o 
cMcot^'^oicoO'— <a:as 

CN'OOi'-'.-HOCOOi-^Oi 

iC-T  Oi"  oi"  o  '^  *o  c^  r>r  F-T 

.-HiOT'COC^'OOOCOOOO 
COCCCD*OiOOcOt-CNiO 


000»OCDCO<:1    (MtOI 


00^ 

O  O  O  O-rt 
O    ..    .00   03 


O  10  C_3     -  . 


►-.Oooo.-ooo 


1.024 
1,006 
1,075 
862 
834 
1,148 
1,194 
2.807 

en 
0? 

r'.  ^  CO  "  LC  0  ^  C«      ■      ' 
CO  0  'T' (M  0  T-H  3^  10      1      I 
CO  0  CD  0  t^  T-H  CO -^      1      1 

CO 

00 

cD^cOT^o:l^,o     1     1 
0  Oi  Ci  r^  10 'i' t^  CO     1     I 
cocniootcoco^     1     1 

■oc^Tcoco'co'co'ira -T    1     1 

CO 

00 

2,  654, 408 
1,141,671 
1, 178, 946 
648,  621 
471,  504 
748,  900 
264,  795 
459,  949 

00 

CO 

10 

123,  468 
39,  523 
39,  .367 
10,  877 
8,792 
18,  832 
4, 065 
2,  765 

00 
CO 

2,  506,  046 
1,089,581 
1, 124,  213 
626,  548 
453,  918 
715,  371 
253,  499 
450, 038 

(M 

cn 

0  c^i  cc  CO  u-:)  '^  Oi  CO     1     1 
Tfo;02coc;wc<;co     1     1 

0 

00 

514,040 
242, 119 
278,  638 
158,  407 
127,  502 
144,  651 
58,  2:33 
78,018 

s 

i 

31,497 
20,  709 
42, 069 
33,  959 
36,  504 
51,037 
26, 173 
31,  728 

i 
g' 

52, 066 
38,  207 
.56,  505 
44,  384 
37,  731 
63,  390 
23, 103 
17,  923 

CO 

386, 364 
181,  907 
205,  738 
124,  849 
113,  237 
160,  978 
61,  829 
63,  537 

806,  482 
472,  342 
611,166 
379.  281 
333.315 
502,  87! 
221,  451 
286,  793 

CO 

179, 852 
118,116 
164,782 
105,  313 
89,  627 
125, 171 
57,  927 
93,  633 

0= 

270,  486 
134, 082 
152,  296 
83, 139 
74,  970 
104,  743 
43, 185 
54. 926 

00 

s 

277,  805 
164,  522 
206,  235 
132, 355 
107,429 
161,937 
69,  337 
78, 015 

CO 

51,799 

6,778 

4,051 

1,107 

492 

267 

31 

16 

5: 

CO 

Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000.... 

10,000-50.000 

50,000-100.000.. 
100,000  and  over... 

"ca 
0 

STATISTICS   OF   INCOME 


117 


13, 470 
10, 962 
17, 469 
15, 432 
15,  394 
41,014 
4,836 

'""29,"  298 

00 

23,  210 
16, 184 
26,  780 
23,  235 
23, 516 
61,  745 
8,933 

"""39,'67i 

23,  278 
16,  225 
26,815 
23,  298 
23,  577 
62,065 
8,958 

"""39,"687 

g 

457, 000 
232,  442 
362,  601 
251,421 
237,  519 
533, 923 
97,  257 

'""280,' 856 

IM 

O 

(m" 

444,  361 
222,  592 
340,011 
242,537 
227,  600 
508, 172 
92, 609 

""252,"377 

IM 

o" 
m 
of 

I 

1, 162 
17,  908 
56, 334 
57,  570 
68, 443 
209,  314 
50, 091 

"'"148,' 782 

s 

to 
to 

82,807 
74, 465 
130,917 
116,  560 
129, 141 
314,  186 
94,  794 

"""iii,'o35 

i 

o 

4,849 
6,112 
19,  737 
23,  681 
26,  739 
66, 545 
5,691 

"""34,"  394 

CJO 

13,  734 
26,  903 
84,  439 
100, 135 
129,825 
294, 469 
125,  297 

'""i57,'632 

of 

45, 046 
30,  850 
54,  291 
45,  536 
45,  609 
99, 863 
21,  252 

'""60,"i45 

00 

o 

165,  465 
171,645 
379, 191 
372,  725 
431,  479 
1, 069,  152 
321,  452 

'"'540,' 233 

80, 429 
102,  380 
242,  041 
255, 070 
294,  245 
700, 614 
228,  984 

"""288,'328 

<m' 

(M" 

6,  .542 
4,961 
8,059 
5,555 
4,515 
18, 394 
6,865 

""'so,"  435 

<M 

TO 

00 

51,807 
37, 949 
67,  327 
57, 683 
56,  905 
127, 135 
31,  650 

"""76,"851 

o 

CO 

o 

9,195 

2,415 

2,403 

1,071 

621 

527 

48 

8  23 

82 

to 

Under  50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000 

10,000-50,000  8. 

.10,000-100,000  8. 
100,000  and  over... 
Classes  grouped.. . 

"3 
o 

I 
d 

1-1 

w 

o 

W 

CO 

03 

< 
O 


319 

414 

414 
1,201 

558 
1,125 

242 
40 

""'3,"374 

to 

00 

to 

oiotor^ot^cNco     1     I'o 

(M  Oi  to  ^  05 -^  to  Oi      1      .to 

(M^cf  t^oo  co'oi'odo    1    1  t>r 

CO  ^  1-1  T-i  (M  »0  ^  (M      1      1(3, 

00 
IM 

o^lM^^a)T^oilM     1    ICO 

to  »0  to  CO  O  O  Oi 'Tti      1      to 
^  Oi  to  iiti  00  CO  »0  00      1      1  to 

(M'fM  b-ToO  CO  oTod  O      1      1  t^ 

COrt  ^  — IIM  "O  rH?q        1        1^ 

<M 

541,  579 
157,  431 
190, 907 
148,  362 
152,  970 
356, 053 
90, 236 
142, 986 

"""iii,"480 

i 

IN 

QO 

518, 402 
137,  390 
142,  177 
142, 035 
144,011 
333, 195 
85,  562 
132, 163 

'""88,"  501 

CO 
<M 

>0  to  O  >0  CO -^  CO  CO      1      1  If 

r^   t^   Tj.  O   — 1   to  to  -.If         1         lO 

O  1-1  ^  CO  !M  (N  »0  O      1      t  to 

CO  CO  CO  o'Tf^'^orT^    I     1^ 

CO  ^  to  lO  CO  t^  CO             1      1^ 

to 

IM 

CO 

171, 002 
98,  519 
174,  259 
169,  544 
197,441 
475, 432 
129, 146 
84, 479 

""49,"266 

§ 

9,514 
8,541 
28,  257 
32, 479 
47,  725 
145, 050 
35, 206 
54, 698 

"""33,"i2i 

g 

s 

CO 

59,860 
111,836 
336,  983 
506, 563 
577,  552 
1,  333,  300 
483,  906 
532, 065 

"""i27,"566 

s 

oT 
o 

124,  808 
66,  206 
99,710 
96,800 
94, 625 

209, 022 
68, 010 

135,  564 

'"iio,"657 

O 

i 

278, 057 
273, 719 
645, 627 
81.3,947 
967, 051 
2,  372, 042 
761,858 
879,  580 

""4i6,"i76 

o 

§ 

179, 642 
213, 456 
536, 944 
706, 376 
834,  742 
1,  971,  157 
662, 694 
656,  399 

'"'i3i,"568 

of 
a> 

00 

10, 223 
4,170 
6,964 
2,957 
3,041 

11,423 
1,536 

10,  200 

""'30,' 930 

CO 
Tf 

00 

51,  659 
26, 860 
43,  444 
41, 0(i6 
50, 133 
138,  767 
33,  510 
40, 928 

""'39,'3i7 

to 

to 

19,  290 
3. 844 
4,076 
2,319 
1,383 
1,200 
115 
54 

82 
92 

OO 

im" 

Under  50 

.50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000-10,000.... 

10,000-50,000 

50,000-100,000  8 

100,000  and  over  8._ 
Classes  grouped  . 

"3 
o 

CO  CO  »o  »o  c:s ; 


'  CO  CO  -^  t--  to 


)CDt-OSCOTt*COt^O 
CD  of  t^  Tf' tff  O  CO  od"  GO  of 


<  T-H  tP  '^  to  O  ' 


CM  I— (  CO  CM  CO 


cooor-tocooscMt--oO'^ 
osoo-— 'r--.o--''— irH-^^r-- 

I^COCMOOO"*CMtOtOCM 

^  tC  — j"  — r  O"  ^  GO  of  CD  Off 

CMrHCOCDOOOSiOCMt-CM 

CM  !-<  Tt^  04  t^ 


rf^r-iOOItoOOOCDO-'^ 
COOO'-HCOOS-fOSCMOOCM 

ostoooooootocoostor- 


^t^^^cor^o^toto 

CMi-HCOCOOO-^t--tOOSCO 
CO'-H  rt^CM  00 


OS'-^CDOOOCMCMt'-wtO 

OcDCJsasior-^cor^cocM 

tOCMcOCMOSOSCDtOCOO 

cT  tCcd  ofof  cm"  of  co^oT -rtT 

COOCMOtOCOCOCM-rf^CM 
CMCMCOCMOIOO^COtOOO 


OOtOOS^CMt-CO'^i— I 
t^O^^t^^OCMOOTt* 

CO-— ir^coosioocoosco 
cT os"  rC  CD  r-T  lo  CO  o  co"  of 

OSCDOStOt~-COCOC7S-*00 

T-l-HrH  CM'-ICO— ICM 


CMtOt--CM'-.CMr-OOcO 

OCOOOt--OtoCDI>-"^-^ 
QOCOOOOCOCDOSCO'-'OO 
of  00  to  cs"  of  OS  00 —T  of  OS 

CMCMO^cDoooir^cor^ 

_,  rH  O^  CO  to  O  00  CM  CM 


OSCOOS-^t-TCOO  —'00 
-^OSI--CD-'^COCSCO--CO 

otocDoi'^r--tooitooi 

OtToT  t^  h^  tC  cc"  rn'  io"os  to 

CM'Tft-tOrHor^cot^'— I 

rHrHCO'*'CO'— 'O"— 'CMtO 
CM'rH"of-H"tC 

tOOSCOt^OOOCMCSt^r- . 
-rfCMr^t^^-— 'CD-^CMI:^ 
t.^,_(-^-rj<iOCDCD':Ot^t^ 

cd  TjT  cT  00 -^ --^  os"  to  ^" --H 

OlrH-^COOO^tO-t^t^rH 
r-l  Tj«  CM  00  to  CO 


Tt^TTt^'-^astotoooicc 

CD"^COOSi-*COCOOOO'— t 
OOO'-'COCOTt'CO-^OO'— I 

CO  of  to  of  of  00  cd"  cm"  CO  od" 

OI"^tOtOCDO'<T"GCCOtO 
r-(,-li— iiOCMtOTt^OO 


l>-G0OSC0CMOiX;O)C0CO 

"^r-cooicoococo— 'to 

tOOSCOtOCOOOrHCOOSOS 

ododcrco"'-H'trros'Tf^"os  to 

lOCOOOOOtOh-h-COrH 
Ol'-'CMCDCMCCCOtO 


OO-^^t-tOCM-^COI^CMCO 

Tt^rHt-OO-rJ^OItOOOWOO 

T)*"odof  x^ododtO  CC  -T^CM 
CO-^Oi— IGO-^OS-^COCM 
CMCOCMOSOSOOtO'-'OOI^ 

,— Tr-T of  o" to"-*  r-Tto" 
osoocot-'^co'^ocr-^' 

t^COOt-'-^'^OCO'— 'OS 

cot^oo-^oooococococo 

^tdoi-rr-rcr^cD'oof 

OSTfOSO'^COCOCDtOCO 
<— iCO'^'^O'^tO'— 'to 


■<cmoocoocmgogo 

■  — -5  <0  OS  CD  OS 

D  00  CO  to  OS 


OOtO-^OSCOCOtOOSCDOS 


CMCMCO'— ''-"'^toO'-HCO 


CM  O  -H  -T- O  C 


TjHr-^OOCO^r-^   '-OpCC^ 

coi— '»0'^osiocoi>.osz: 

f-lTfCOOlrHOOlCO. 

.     -     -      -     ,iO 

-"    TP    -^    ■<J<    O)    r-l 

CMCO-— "•— 'Ol  —  OCOtOCO 
^.— 'CM— HOlCOOCO^rj-" 

ooocorocM^oocorH.-i 


idoo 


lOOt 


"7'  O , 

=  d=i°oob 


io  io  ^  ' 
■    i     I   c^ 

<  o  o  ooo 

J  ^  O  O  O  O  Q- 
D  ,-1  m  — I  »0  ^^ 


118 


STATISTICS    OF    INCOME 


S3 

"i.'aT3 

S.fca-S 

O'o^a 

d  o« 

■""  «'3 

«  S« 

>^8-§ 

-^ 

Com- 
iled  ne 
profit 
or  net 
loss' 

o. 

nd"' 

,—  a>  OT 

-H^ 

fH    S    § 

£-sas 

Ogog 

K" 

Ss 

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3 
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STATISTICS   OF   INCOME 


119 


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120 


STATISTICS    OF    INCOME 


Table  7. — Corporations,  1927~S6,  by  major  industrial  groups:  number  of  returnSy 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax,  and  total  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.  1-8] 


Total 
num- 
ber of 
returns^ 

Returns  with  net  income  ' 

Returns  with  no  net  income  i 

Year 

Num- 
ber 

Gross  in- 
come 3 

Net  in- 
come < 

Income 
tax' 

Excess- 
profits 
tax' 

Total 
tax  ' 

Num- 
ber 

Gross  in- 
come 3 

Deficit  ♦ 

AGRICULTURE    AND  RELATED  INDUSTRIES 


1927 

9,  905 

4,445 

1928 

10,  265 

4,504 

1929 

10,615 

4,407 

1930 

10,961 

3,  475 

1931 

11,014 

2,546 

1932 

10,  977 
10,  490 

1,  1.53 
1,443 

1933 

1934 

10,  526 

1,  995 

1935 

10, 084 

2,321 

1936 

9,860 

2,920 

633,  782 
636,  641 
636,  227 
363,718 
21.5,  096 
133,034 
178,  040 
296,  513 
358, 965 
523, 992 


78,  577 

8  9, 054 

8  9, 054 

4,460 

80,  476 

8,217 

8,217 

4,679 

72,  801 

6, 783 

6,783 

5,023 

40,  484 

4,041 

4,041 

6,431 

14, 002 

1,201 

1,201 

7,354 

5,979 

675 

675 

8,615 

14.  894 

2,102 

55 

2,157 

7,818 

30,  572 

4, 198 

80 

4,278 

7,331 

43,  901 

6,036 

160 

6,196 

6,734 

65,  837 

7,666 

328 

8,983 

6,025 

188,  645 
188,  503 
246,  280 
307, 122 
276,  868 
235,  120 
217,090 
241,  135 
230,  654 
201,757 


61,893 
50, 092 
53,  543 
86,  370 
98,  778 
94, 962 
60,  212 
85,  272 
40,  253 
32,  707 


MINING  AND  QUARRYING 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


18,519 

5.232 

18,  793 

5,183 

18,  26! 

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 

18,  174 

5,146 

2.  259, 

2,  501, 

3,  031, 
1,611, 

732, 
537, 
555, 

1,  161, 
1,331, 

2.  069, 


276, 309 

332,  679 

430,  527 

194,118 

71, 154 

62,  675 

71,  686 

156,063 

162,936 

300, 048 


34,  898 
36,  751 
44,  319 
21,  474 

7,211 

7,445 

9,921 

21,4,56 

22, 400 

35,  083 


2S0 
428 
515 
504 


34, 898 
36,  751 
44,  319 
21,474 
7,211 
7,445 
10,  201 
21,884 
22,  915 
38,  612 


7,804 
7,750 
7,291 
7,  533 
8,291 
9,178 
8,866 
9,083 
9,188 
8,642 


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 
998, 165 


246, 924 
207, 416 
198,  440 
238,  459 
325,  963 
287,  042 
248, 127 
165,373 
173, 879 
124, 146 


MANUFACTURING— TOTAL 


1927 

93,'!  15 

53.  620 

1928 

95,  777 

55,  007 

1929 

96,  525 

55,  488 

1930 

9.5. 098 

40,  64! 

1931 

93, 109 

30,  270 

1932 

91,849 

14.9S5 

1933 

93,  831 
96,  648 

26,  354 
34, 023 

1934 

1935 

96.  213 

37,  976 

19.36 

96.  236 

45, 926 

.50, 


134,  091  .3, 
458.  959 1 4, 
879,  759  5, 
,804,235 
974,  409 
696,  792 
289,  285 
442,910 
413.610 
373, 998 


93S,  647| 
744,  261 
216,016 
757,  50S 
464,619 
757,  591 
460,  632 
906,  194 
482,  773 
072,  531 


I  507,735 
544. 937 
544, 053 
316,992 
165,311 
99,  949 
203,713 
262, 466 
341,355 
521, 125 


3,649 
3,477 
15,  528 
11,  294 


8  507,735 
544,  937 
544,  053 
316,992 
165.311 
99,  949 
207,  362 
265,  943 
356,  883 
607,  662 


36,  196 
36,  566 
36,  742 
50,  862 
5S,  815 
72,  931 
62,  295 
57,  269 
53,  700 
46, 104 


588,  788 
81.3,970 
252,  285 
846,  043 
058,  .882 
279,  691 
861,490 
650, 040 
484,  183 
580, 830 


851,053 
833,  735 
810,244 
639, 844 
287,  589 
563,  855 
256, 586 
926,189 
666,  326 
370, 993 


MANUFACTURING— FOOD  AND  KINDRED  PRODUCTS  » 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


1.5,  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 

13,  057 

6,233 

8,  624,  432 
11,551,431 
9,641,960 
7,  637, 397 
5,  365,  9.54 

4,  430,  704 

5,  536,  520 

6,  973,  816 

7,  340, 434 

8,  824, 076 


461, 046 
518, 092 
540,  186 
436,451 
326,  910 
199,  387 
264,  606 
302,  328 
317,671 
417,  565 


59, 049 
.58,  391 
56,  309 
49, 869 
36,  823 
25,  201 
36, 906 
41,768 
4.3,  670 
53,  544 


631 

642 

1,584 

1,310 


59, 049 
68,  391 
56,  309 
49,  869 

36,  823 
2,5,  201 

37,  637 
42,410 
45,  254 
60, 076 


5.46! 
5,  405 
5,380 
6,328 
7,524 
10,  653 
7,934 
7,150 
7,  283 
6,028 


4, 188,  757 

1,  497, 403 
3, 854,  726 
4,  377,  338 
3,  988,  705 

2,  8.58, 953 
1,  748,  880 
1,371,310 
1,  988, 025 
1,566,015 


106,  716 
77,  818 
87,  721 
128,498 
203, 478 
207,211 
86, 428 
61, 130 
55, 807 
37,  743 


MANUFACTURING- LIQUORS  AND  BEVERAGES  (ALCOHOLIC  AND 
NONALCOHOLIC)  » 


1933. 
1934. 
1935. 
1936 


2,969 

898 

3,283 

1,  368 

3,282 

1,466 

3,333 

1,767 

484, 487 

851,516 

1,107,301 

1,  473,  579 


73.  363 

10, 199 

397 

10,  .596 

1,648 

97,  648 

13,427 

402 

13, 829 

1,540 

107,  824 

14,826 

905 

15,731 

1,481 

176,013 

23,  074 

649 

28,  803 

1,294 

107,  420 
207, 905 
216,399 
198, 162 


14,175 
16,  723 
16,  356 
13,  324 


For  footnotes,  see  p.  124. 


STATISTICS    OF   INCOME 


121 


Table  7. — Corporations,  1927-36,  by  major  industrial  groups:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax,  and  total  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  5 

Excess- 
profits 
tax  6 

Total 
tax  7 

Num- 
ber 

Gross  in- 
come 3 

Deficit  * 

MANUFACTURING— TOBACCO  PRODUCTS 


445 

261 

439 

238 

437 

243 

405 

195 

Jf70 

155 

382 

114 

405 

122 

405 

131 

3«7 

139 

379 

153 

1, 177, 
1,  180, 
1,  220, 
1,  094, 
1,086, 
978, 
837, 
1,  023, 
1,  077, 
1, 188, 


124,  775 
121,  678 
132,  682 
143,  788 
142, 494 
138,  399 
65,  224 
96,  296 
99,419 
127, 968 


16,  745 
14,  548 
14,  554 
17,216 

17,  066 
19,061 

9,006 
13,  246 
13,  714 

18,  432 


169 
181 
177 
197 
211 
256 
261 
24^ 
228 
211 


23,  525 
19, 122 
50,  436 
76,  799 
97,  515 
61, 188 
105, 158 
36,  383 
33,  682 
27,  440 


2,475 
2,147 
4,942 
6,  655 
5,606 
5,151 
14, 893 
2,086 
1,221 
1,198 


MANUFACTURING— TEXTILE  MILL  PRODUCTS  i" 


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 

7,827 

3,903 

6,  285, 
5,  702, 
5, 902, 
2,  642, 

2,  132, 
1,211, 
3, 183, 

3,  040, 
3,  861, 
3,  596, 


417,484 
351,850 
323,  974 
105,610 
77,  830 
41,  052 
203,  733 
141,702 
171,425 
221,904 


50,  341 
39,  355 
33, 197 
11,122 
7,351 
5,047 
28,010 
19,  505 
23,  570 
29,  697 


764 

291 

1,034 

863 


,343 

,098 
,236 
,753 
,503 
,872 
,310 
,741 
,254 
,782 


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 

914,  367 


120, 816 
155,  729 
163,069 
369,  690 
342,  537 
332,  249 

96, 838 
124, 914 
100,  258 

44, 055 


MANUFACTURING— CLOTHING  AND  APPAREL  lo 


8,203   3,633  1,759,667 


56,344   7,219 


232 


8,677   4,455   523,088 


MANUFACTURING— LEATHER  AND  ITS  MANUFACTURES 


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 

2,401 

1,200 

1,  415,  200 

1,325,306 

1,  258,  771 

733,  941 

545,  388 

371,438 

727, 024 

709,  035 

935,  624 

1,  043,  709 


99, 072 

77, 425 
76,  803 
38,  691 
30, 091 
18,  687 
47,  586 
36,  468 
47,  766 
50,  647 


12, 


167 

66 

198 

134 


12,  229 
8,892 
8,109 
4,389 
3,340 
2,404 
6,749 
5,084 
6,766 
7,791 


903 

1,015 
1,084 
1,515 
1,487 
1,816 
1,365 
1,368 
1,258 
1,144 


316,  039 
396,  514 

482,  402 
655,  143 
564, 469 
469,  593 
261,  236 
324,117 
228,  436 
239, 163 


21,  703 
28, 038 
36, 368 
64, 124 
64,  737 
61, 797 
20, 761 
17,  545 
9,009 
14, 272 


MANUFACTURING— RUBBER  PRODUCTS 


655 

335 

723 

349 

638 

311 

607 

227 

552 

174 

544 

96 

572 

215 

650 

267 

632 

286 

618 

330 

1, 039, 
932, 
916, 
559, 
401, 
127, 
300, 
362, 
671, 
910, 


525 

70,  253 

8,849 

8,849 

284 

048 

44,  645 

5,149 

5,149 

331 

242 

56,  324 

6,055 

6,055 

303 

565 

12,  242 

1,336 

1,336 

354 

314 

14,  004 

1,371 

1,371 

361 

581 

2,779 

301 

301 

426 

313 

13,  339 

1,867 

52 

1,919 

330 

756 

14, 976 

2,094 

20 

2,114 

340 

861 

30,119 

4,141 

323 

4,464 

312 

991 

54,  771 

7,377 

119 

8,639 

259 

407,  272 
454,  122 
510,  967 
540,  748 
415,317 
507, 935 
418, 134 
393, 498 
116,885 
50,  872 


19,  356 
45, 987 
39, 191 
63,  876 
38, 154 
41,517 
10, 000 
10,  566 
6,989 
3,183 


MANUFACTURING— FOREST  PRODUCTS 


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 

6,722 

3,145 

1,929,814 

2, 052,  903 

1, 978,  584 

723,  630 

332, 942 

95, 829 

407,  146 

490,  335 

734,  389 

1, 291,  734 


125, 
142, 
135, 
35, 
14, 
5, 
22, 
27, 
37, 


15,612 
15,210 
13,  437 
3,591 
1,379 
666 
3, 153 
3,743 
5,221 
10,  771 


15,612 
15,  210 
13,  437 
3,591 
1,379 
666 
3,272 
3, 80t 
5,443 
13,  257 


3,353 
3,367 
3,294 

4,868 
5,150 
5,929 
4,882 
4,  72; 
4,196 
3,  36C 


874,  474 
789,  281 
816, 194 
1,263,948 
1.014,898 
758, 131 
586, 815 
605,  068 
583, 999 
456,  523 


94,  295 
71, 493 
68. 499 

152,  460 
199,138 
212,  389 

95,  335 
76,  708 
53, 628 
37, 950 


For  footnotes,  see  p.  124. 


122 


STATISTICS    OF   INCOME 


Table  7. — Corporations,  1927-36,  by  major  industrial  groups:  number  of  returnSy 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax,  and  total  tax  for 
returns  with  net  income  and  with  no  net  income  ^ — Continued 

[Money  figures  in  thousands  of  dollars] 


Total 

num- 

her  of 

returns^ 

Returns  with  net  income  ' 

Returns  with  no  net  income' 

Year 

Num- 
ber 

Gross  in- 
come' 

Net  in- 
come ^ 

Income 
tax* 

Excess- 
prof:  ts 
tax  8 

Total 
tax' 

Num- 
ber 

Gross  in- 
come 3 

Deficit  • 

MANUFACTURING— PAPER,  PULP,  AND  PRODUCTS 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


2,  OSS 

l,3Sf 

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,  29fi 

2,371 

1,440 

1,401, 

1,  374, 

1,  546, 

1,011, 

632, 

291, 

709, 

966, 

1, 165, 

1,437, 


123, 988 
lis,  590 
124,347 
73,  641 
37, 472 
16,  600 
52,  356 
80, 889 
92,  321 
123, 346 


16, 063 
13,768 
13,  222 
8,475 
4,239 
2,  237 
7.250 
11,123 
12,  686 
16,  367 


169 
211 
266 
276 


16, 06^ 
13,  76.' 
13,  22: 
8,475 
4,239 
2,237 
7,419 
11,334 
12.  952 
19,  630 


642 

678, 

673 

953 

1,200 

1,582 

1,106 

1, 032 


267,  60( 
352,  79f 
249,  444 
567, 15S 
639, 142 
717,  678 
453,  368 
347, 752 
326, 145 
291, 362 


13,  614 
14, 959 
19, 893 
36,  379 
53,  776 
81,073 
36,  090 
28,  418 
31,994 
15.816 


MANUFACTURING— PRINTING,  PUBLISHING,  AND  ALLIED  INDUSTRIES 


1927... - 

1928 -. 

10,679 
11,127 
11,569 
11,736 
11,822 
12,  100 
12,  077 
12,622 
12,912 
12,  735 

6,  734 
7,070 
7,331 
6,098 
4,593 
2,155 
2,  713 
4,490 
4, 895 
5,469 

1929 

1930 

1931_ 

1932        

1933     

1934 

1935 

1936 

2,  185,  712 
2, 329,  670 
2. 468,  2*3 
2. 055,  461 
1,  285,  285 
888, 484 
977, 340 
1, 285.  357 
1,468,211 
1,792,311 


198,  476 
243,  650 
270, 829 
176,  137 
115,795 
58, 804 
71,079 
117,465 
140, 037 
188, 475 


25, 123 
27,310 
28,017 
19,  641 
12, 895 
7,795 
9,853 
16, 148 
19,  255 
23,  307 


124 
201 
463 
452 


25, 123 
27,  310 

28,017 
19,641 
12, 895 
7,795 
9,977 
16,349 
19,  718 
27, 822 


3,629 
3,703 
3.839 
5,271 
6,810 
9,510 
8,886 
7,618 
7,495 
6,811 


380, 417 
350,  275 
402,  692 
607,  967 
1, 000, 179 
900,  273 
673. 352 
571,  460 
559, 876 
440,889 


34,  788 
34, 104 
47,  749 
54,  512 
77, 802 
96, 170 
57,917 
64, 153 
45, 978 
28,  475 


MANUFACTURING— CHEMICALS  AND  ALLIED  PRODUCTS  n 


1927, 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


7  22R 

3,930 

7,  50! 

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 

7,174 

3,303 

6,  799, 

8,  ■'72, 

9,  550, 
17,376, 

3,371, 
2,761, 
4.  094, 

3,  322, 

4,  545, 
3,  649, 


495,  857 
848, 127 
911,512 
534, 077 
251,  493 
167,  778 
272, 909 
324,031 
366,  128 
479,  278 


I  64,  767 
99, 002 
98, 124 
62,  961 
29,  409 
22,  644 
38,  240 
44,  627 
50,  340 
57, 408 


535 

543 

929 

1,063 


8  64, 767 
99, 002 
98, 124 
62,961 
29,  409 
22,  644 
38,  775 
45, 170 
51,  269 
65, 142 


2,892 
2,820 
2,998 
3,727 
4,047 
5,315 
4,606 
4,  559 
4,350 
3,  508 


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 

275, 689 


110,369 

59, 789 

56, 976 

175,  4,59 

318, 864 

223, 266 

189,  213 

178,  543 

114,331 

18,  769 


MANUFACTURING— PETROLEUM  AND  OTHER  MINERAL  OIL  PRODUCTS  " 


1936. 


528 


357  3,716,885   224,627   20,723 


53   23, 671 


389   888. 562   21, 110 


MANUFACTURING— STONE,  CLAY,  AND  GLASS  PRODUCTS 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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 

1,2,53 

3,970 

1,781 

1,  357, 

1,394, 

1,  389, 

1, 027, 

483, 

184, 

428, 

603, 

769 

1, 196, 


157, 263 

172, 007 

163,  646 

92,  812 

41,  683 

13,  270 

34,  762 

61,  751 

88,  695 

161,516 


20,564 
19,  770 
17, 268 
10, 487 
4,614 
1,760 
4,826 
8,491 
12, 196 
21, 187 


86 

59 

470 

507 


20,  564 
19,  770 
17, 268 
10,  487 
4,614 
1,760 
4,912 
8,550 
12,  666 
24,  507 


1,876 
1,933 
1,989 
2,713 
3,076 
3,685 
3, 186 
2,747 
2,524 
2,015 


243, 350 
259,911 
265,  730 
382,  407 
558,  054 
485.  794 
290, 009 
235,  957 
248, 437 
183,  925 


28, 356 

32,  518 

33,  439 
53, 374 
79, 174 

110,098 
55, 635 
36,  527 
31,219 
16,  607 


MANUFACTURING— METAL  AND  ITS  PRODUCTS  12 


1927 

20, 379 
20, 695 
21,047 
20, 831 

19,  700 
18, 877 
19, 080 

20,  353 
19, 856 
19, 772 

11,412 
12,  252 

12,  864 
8,188 
4,744 
1,917 
4.291 
6.844 
8,426 

10,  467 

1928- 

1929 

1930 

1931 

1932 

1933 

1934 

1935 

1936.. 

256, 966 
847, 896 
125,989 
790,  300  1, 
652, 191 
031,353 
059,  694 
040, 389 
652, 872 
501,257  1, 


501,274 
910, 004 
291,767 
003, 020 
355,  221 
71,098 
287,  192 
535, 147 
874,  503 
113,920 


1198,066 
221,838 
236, 494 
116,149 
40,  624 
9,558 
40,  565 
73,  627 
120,  240 
147, 102 


377 


8,202 
3,777 


1 198,  066 
221,838 
236,  494 
116, 149 
40, 624 
9,  558 
40, 942 
74,415 
128, 442 
175,  431 


8,227 
7,479 
7.  292 
11!  904 
14. 174 
16, 191 
13, 849 
12,  437 
10, 702 
8,563 


2,  928, 373 

2,  326, 047 
1,966,590 
4, 407,  595 
6, 861, 806 
5,  475,  380 
4.  077,  533 

3,  588, 045 
2,  902,  219 
2,  068,  625 


241,  305 
254,  975 
170, 113 
400.  375 
760, 951 
054, 566 
494, 126 
278, 421 
169, 108 
74,915 


For  footnotes,  see  p.  124. 


STATISTICS    OF   INCOME 


123 


Table  7. — Corporations,  1927-36,  by  major  industrial  groups:  mimber  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax,  and  total  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  witti  no  net  income^ 

Year 

Num- 
ber 

Gross  in- 
come 3 

Net  in- 
come * 

Income 
tax  5 

Excess- 
profits 
tax  6 

Total 
tax' 

Num- 
ber 

Gross  in- 
come' 

Deficit  * 

MANUFACTURING— MOTOR  VEHICLES,  COMPLETE  OR  PARTS  '» 


SOI 


3f)7    4,621,105      433,348      59,700 


696      66, 174 


390       163,117       11,654 


MANUFACTURING— MANUFACTURING  NOT  ELSEWHERE  CLASSIFIED 


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 

6,021 

2,378 

1,761, 

1, 993, 

1,  880, 

1, 152, 

685, 

323, 

541, 

772, 

1, 083, 

1,370, 


163.  752 
195, 999 
188,  335 
105,216 
56, 661 
24,  377 
51.736 
70, 192 
108,  897 
155, 967 


20. 326 
21.  702 
19,  267 
11,756 
6,201 
3,273 
7,262 
9,653 
14,  973 
19, 143 


220 
184 


534 


20.  326 

21,  702 
19.267 
11,756 

6,201 
3,273 
7,482 
9,837 
15, 861 
23,  576 


3,417 

3,  556 
3,477 
4,280 
5,272 
5,696 

4,  842 
3,767 
3, 676 
3,047 


467, 835 
455,  592 
585, 157 
841,663 
796,917 
676,  232 
480. 173 
433,  320 
352,  338 
293, 029 


58,  260 

56. 179 

82,284 

134, 443 

143,  375 

138,  367 

85, 175 

41,456 

30, 433 

17,878 


CONSTRUCTION 


17,609 

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, 14C 

17,  751 

3,353 

17,  687 

4,242 

17,997 

6,202 

2,413, 

2,317, 

2,  291, 

2,  174, 

1,213, 

468, 

374, 

574, 

789, 

1.309, 


171, 
170, 
178, 
150, 
80, 
30, 
23, 
31, 
49, 
74, 


20, 078 
17, 175 
16,  519 
15,  210 
7,625 
3,  639 
3,268 
4,358 
6,772 
9,082 


173 

190 
710 
661 


20,  078 
17, 175 
16,519 
15,210 
7,625 
3,639 
3,441 
4,548 
7,482 
11,773 


6,  281 
7,117 
7,896 
9,674 
11,676 
15, 204 
14,112 
12,  588 
11,808 
10,  443 


642, 410 
661,  089 
790,  254 
867,  972 
,022.318 
969.  246 
704, 115 
681,905 
703.  428 
703,  504 


59, 417 
71,  369 
70, 066 
82, 488 
111,048 
141,060 
91,  445 
66,  482 
55,  737 
37, 305 


TRANSPORTATION  AND  OTHER  PUBLIC  UTILITIES 


1927. 
1928. 
1929 
1930 
1931. 
1932 
1933 
1934 
1935 
1936. 


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 

27, 486 

11,196 

1,588, 

1.813, 

2,  092, 

1,  334, 

902, 

708, 

657, 

919, 

927, 

1,  376, 


210,  878 
211,681 
222, 483 
156,  573 
105,  .585 
98,118 
92,  258 
126, 600 
127,  580 
164,  155 


324 

329 

1, 125 

757 


210,878 
211,681 
222, 483 
156,  573 
105,  585 
98, 118 
92,  582 
126, 929 
128,705 
173,428 


6,982 
7,422 
7,994 
9,522 
10,  622 
14,981 

14,  349 

15,  571 
14, 833 
13,  657 


2.  295, 882 
1,538,135 
1,500,004 
3, 060,  013 
6,  584. 845 
6,  387,  532 
5, 826,  561 
5, 215, 038 
5. 064,  703 
4, 065, 288 


197,  472 
173, 170 
190,  692 
333,  528 
605. 249 
8,39, 051 
743, 116 
642, 896 
572, 047 
353, 885 


TRADE 


1927. 
1928. 
1929. 
1930 
1931. 
1932. 
1933 
1934 
1935 
1936. 


122,  360 

74,  747 

129,  766 

70.  745 

132,  660 

78, 666 

134,769 

59, 741 

136,  5?0 

46, 049 

135, 977 

20.951 

137,858 

39,  275 

146, 056 

52, 823 

149,  426 

57,813 

149, 805 

69,  263 

1, 156, 

1,246, 

1, 149, 

651, 

460, 

234, 

436, 

670, 

767, 

1,136, 


137,352 
126,  332 
107, 149 
64.  166 
45,  708 
30,  644 
60,  438 
92, 200 
105, 495 
143,572 


1,751 
2,077 
3,311 

4,868 


137,  352 
126,  332 
107, 149 
64, 166 
45, 708 
30,  644 
62. 189 
94,  277 
108, 806 
173,546 


7,  430, 

8,  379, 

9,  230. 

13.  828, 

14,  484, 
13, 804, 

9,  222, 
10,  031, 
9,  946, 
8, 460, 


362,  339 
355,  514 
419,398 
738,  695 
,  025,  431 
,  039, 924 
476, 184 
349, 162 
301, 252 
213, 049 


SERVICE-  PROFESSIONAL,  AMUSEMENTS,  HOTELS.  ETC. 


1927. 
1928. 
1929. 
1930. 
1931. 
1932. 
1933. 
1934. 
1935. 
1936. 


34, 193 

18,  287 

36, 829 

19, 008 

39,  042 

20,  230 

42, 064 

IS,  741 

42, 406 

15, 637 

47,  568 

7,140 

47, 843 

7,566 

50, 989 

11,194 

54,  560 

13,  358 

64,  426 

18, 445 

2,680,916 
2,  784, 161 
S.  051, 820 
2,  757, 401 
1,  698, 877 
910,  255 
868,  980 
1.  561, 845 
1,  803, 935 
2, 545, 580 


244, 
254, 
314, 
234, 
117, 
64, 
60, 
107, 
127, 
232, 


239 
348 
729 
912 


28,  626 
25,  501 
29, 632 
23,  705 
11,081 
8  8,  396 
8,717 
16,211 
18,  243 
32, 446 


12, 869 
14,518 
15,  737 
19, 472 
22,  588 
36. 142 

35.  419 
34.  718 

36,  289 
41.  258 


906,  079 
1, 043,  450 
1, 140, 089 
1. 407,  466 
1,  980,  348 
2,181,686 
1, 952,  228 
1,812,431 
1,  903,  785 
2, 103,  413 


117,065 
126,  709 
154,215 
179, 230 
241,288 
480,  481 
378,  023 
283,  406 
268,518 
243,  235 


For  footnotes,  see  p.  124. 


124 


STATISTICS 


\COME 


Table  7. — Corporations,  1927-36,  by  ma-j 
gross  income,  net  income  or  deficit,  inco, 
returns  with  net  income  and  with  no  net  - 


dustrial  groups:  number  of  returns, 
excess-profits  tax,  and  total  tax  for 
e  1 — Continued 


[Money  figures  in  tho  Is  of  dollars] 


Total 
num- 
ber of 

returns  2 

Returns  with  net  ■'          i ' 

Returns  with  no  net  income' 

Year 

Num- 
ber 

Gross  in- 
come 3 

Net  in- 
come * 

Income 
tax  5 

Excess- 
profits 

tax  6 

Total 
tax' 

Num- 
ber 

Gross  in- 
come 3 

Deficit  * 

FINANCE— BANKING,   INSURANCE,   REAL  ESTATE,   HOLDING   COMPANIES,   STOCK 
AND  BOND  BROKERS,  ETC. 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


137,  425 

78, 100 

145,  433 

80,  315 

150,  588 

80,  260 

153,182 

72, 102 

152, 920 

59, 129 

143,  805 

26,  395 

142, 942 

22, 369 

147,  277 

27,  257 

143, 843 

33,  231 

132,  715 

43, 866 

10,  797,  010 
'12,556,460 
10, 872,  951 
7,  519,  508 
4,  293, 852 
2,  778, 019 
2,  725,  266 
3, 036, 267 
3, 638,  747 
6, 371, 607 


1,  522, 
1,971, 
2, 197, 
1, 064, 

570, 
287, 
260, 
452, 
603, 

2,  219, 


181,  706 
213,  238 
222, 403 
109, 455 
55, 166 
36,  576 
35,  848 
62, 108 
82,  928 
118, 006 


504 

742 

2,886 

2,286 


181,  706 
213,  238 
222, 403 
109, 455 
55, 166 
36,  576 
36,  352 
62, 850 
85,814 
144, 842 


44,  582 
48,  824 
53, 677 
64,  477 
75, 434 
98,  725 
99,314 
98, 839 
91,  702 
71, 828 


2,  407, 
*2,677, 

4,  786, 

5,  777, 

6,  535, 
5,  378, 
4,  695, 
4,  868, 
4,  864, 
2, 405, 


566. 177 
566, 199 
008, 827 
566,  677 
256,  843 
335,  500 
273, 806 
657, 190 
3S1,  593 
771, 494 


NATURE  OF  BUSINESS  NOT  GIVEN 


1927 
1928 
1929 
1930 
1931. 
1932 
1933 
1934. 
1935. 
1936. 


18, 693 

1,492 

16,  597 

960 

17,  247 

1,152 

21,  330 

1,040 

19,  334 

1,045 

18, 158 

339 

11,511 

228 

12,  458 

188 

14,  961 

163 

14,  080 

197 

4,143 
3,940 
2,312 

1,786 
1,796 
1,041 
479 
908 
560 
648 


348 
309 
94 
88 
105 
135 
67 
125 
77 
76 


348 
309 

94 

88 
105 
135 

69 
127 

83 


1,731 
1,350 
1,748 
1,898 
2,228 
2,099 
1,  262 
1,251 
1,  560 
1,482 


37 

336 

21 

639 

25 

715 

17 

773 

24, 

354 

12, 403 

7,643 

3, 

546 

3. 

720 

5,  222 1 

9,398 
6,920 
8,  703 
12,  303 
18,  724 
14,813 
5,838 
5,  058 
9,168 
5,209 


>  Changes  in  the  revetaue  acts  affecting  the  comparability  of  statistical  data  from  incense  tax  returns  of 
corporations  are  summarized  on  pp.  195-200.  The  classification  of  returns  into  those  "with  net  income"  and 
"with  no  net  income"  is  based  on  the  amount  of  income  for  tax  computation.  For  1936  the  amount  of 
income  for  tax  computation  includes  dividends  received  on  stock  of  domestic  corporations  subject  to  taxa- 
tion under  Title  I  of  the  elTective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  certain 
Government  obUgations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes  contri- 
butions or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and  excess- 
profits  tax  (item  28,  p.  2  of  return). 

2  Includes  number  of  returns  of  inactive  corporations. 

3  For  1927-31  gross  income  corresponds  to  total  income  as  reported  on  face  of  return,  plus  "cost  of  goods 
sold,"  and  for  1932-36.  gross  income  corresponds  to  total  income  as  reported  on  the  return,  plus  "cost  of 
goods  sold"  and  "cost  of  operations."  For  1934  and  1935  interest  on  Liberty  bonds,  etc.,  has  been  deducted 
from  gross  income,  as  this  item  was  not  included  in  gross  income  for  prior  years.  For  1936,  gross  income 
includes  interest  received  on  certain  Government  obligations  which  is  subject  to  the  excess-profits  tax. 

<  For  1927-35,  net  income  or  deficit  represents  the  amount  for  income  tax  computation.  For  1936,  net 
income  or  deficit  represents  the  amount  for  excess-profit  tax  computation  which  includes  dividends  received 
on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  acts  and  interest 
received  on  certain  Government  obligations  subject  to  excess-profits  tax,  and  excludes  contributions  or 
gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts) . 

5  For  1936,  includes  income  tax  reported  on  returns  with  fiscal  year  ended  July  through  November  1936 
(and  returns  with  part  year  which  began  in  1935);  graduated  normal  tax,  and  flat  normal  tax  for  corpora- 
tions exempt  from  the  graduated  rates,  reported  on  returns  for  the  calendar  year  1936  and  for  fiscal  year 
or  part  year  ended  in  period  January  through  June  1937. 

"  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  computation  of  the 
excess-profits  tax.  (See  article  l((i),  Treasury  Decision  4459,  "Regulations  relating  to  excess-profits  tax 
imposed  by  section  702  of  the  Revenue  Act  of  1934.") 

7  For  1936  includes  surtax  on  undistributed  profits  reported  on  returns  for  the  calendar  year  1936  and  for 
fiscal  year  or  part  year  ended  in  period  January  through  June  1937. 

8  Revised.  For  revised  figures  for  1927,  see  Statistics  of  Income  for  1928;  for  revised  figures  for  1928,  see 
Statistics  of  Income  for  1930;  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  lieverages,  included  in  "Food  and  kindred  products,"  1927  to  1932. 

'D  Clothing  and  apparel,  included  iti  "Textiles  and  their  products"  prior  to  1936. 

"  Petroleum  and  other  mineral  oil  products,  included  in  "Chemicals  and  allied  products"  prior  to  1936. 

12  Motor  vehicles,  complete  or  parts,  included  in  "Metal  and  its  products"  prior  to  1936. 


STATIC 


OF   INCOME 


125 


Table  8. — Corporations,  1927-3& 
gross  income,  net  income  or  defi-; 
returns  with  net  income  and  with'. 

[Money  figu 

[For  text  defining  certain  itet 


Year 


'^tates  and  Territories:  number  of  returns, 
■wme  tax,  excess-profits  tax  and  total  tax,  for 
MKit  income  ^ 

?  iOi  thousands  of  dollars] 

id  describing  returns  included,  see  pp.  1-7] 


Total 
num- 
ber of 

re- 
turns ' 


ReturCTT  *xh  net  income  ' 


Num- 
ber 


Gross 
income ' 


iN'et 
income  * 


Income 
tax  5 


Excess- 
profits 
tax  9 


Total 
tax ' 


Returns  with  no  net  income  • 


Num- 
ber 


Gross 
income ' 


Deficit « 


ALABAMA 


4,383 

2,697 

4,656 

2,619 

4,473 

2,310 

4,477 

1,772 

4,299 

1,380 

4,065 

607 

3,827 

916 

3,797 

1,295 

3,725 

1,306 

3.617 

1,618 

519,012 
500, 374 
454, 089 
249, 927 
134, 244 
50,  683 
175, 190 
241, 750 
251,185 
427, 548 


35, 667 

4,172 

4,172 

1,313 

31,251 

3,055 

3,055 

1,608 

29, 089 

2,643 

2,643 

1,767 

12,  394 

1,048 

1,048 

2,261 

6.049 

412 

412 

2,370 

2,200 

247 

247 

2,953 

8,140 

1,105 

84 

1,189 

2,416 

10, 940 

1,504 

64 

1,568 

2,098 

11,121 

1,530 

62 

1,592 

2,065 

25.  291 

3,123 

225 

3,932 

1,687 

138, 880 
161, 097 
176, 391 
276, 462 
244,801 
232, 078 
160,  538 
181, 338 
215,  737 
131, 826 


9,353 
10, 519 
16, 472 
25,020 

29,845 
39,662 
21, 503 
18, 497 
15,  781 
8,738 


ALASKA 


174 

94 

175 

94 

182 

100 

170 

92 

181 

71 

165 

42 

170 

61 

203 

62 

217 

80 

209 

92 

7,378 

078 

63 

63 

48 

7,459 

642 

46 

46 

51 

8.618 

837 

46 

46 

46 

6, 284 

503 

35 

35 

55 

4,368 

333 

18 

18 

86 

2, 949 

261 

24 

24 

92 

4,214 

337 

46 

6 

52 

87 

4,458 

556 

76 

6 

82 

115 

7.914 

836 

115 

11 

126 

113 

9.041 

916 

101 

13 

131 

89 

1,441 
2,189 
1,857 
2.808 
3,488 
2,770 
2,762 
3,103 
3,  325 
3,156 


537 
407 
252 
448 
562 
637 
374 
372 
390 
376 


ARIZONA 


1.556 

eos 

1,734 

766 

1,953 

822 

1, 932 

629 

1,893 

506 

1,773 

217 

1,674 

240 

1,586 

389 

1,555 

466 

1.531 

554 

129.  187 
123,210 
161.  623 
69,  571 
48,  834 
19,  672 
29,  778 
66,  782 
85, 620 
113,  531 


7.780 

865 

865 

403 

9,811 

936 

936 

430 

18,  992 

1,732 

1,732 

510 

4.756 

421 

421 

725 

2,522 

194 



194 

807 

868 

106 

106 

1,026 

1,110 

153 

2 

155 

934 

3,279 

451 

21 

472 

809 

4,401 

604 

38 

642 

774 

6.478 

747 

57 

881 

676 

30, 332 
45, 425 
36, 616 
74, 354 
56, 072 
52,  256 
42,  635 
37, 302 
41,  239 
38,  713 


6,344 
8,923 
19, 259 
9,771 
14, 970 
11,863 
11,751 
5,195 
5,727 
3,044 


ARKANSAS 


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 

2,530 

1,291 

272.  395 
308, 073 
304,  739 
146,  506 
69,  48' 
40. 052 
87, 868 
133,  632 
158, 696 
238,  373 


16,  260 

1,811 

1,811 

884 

17. 064 

1,573 

1,573 

889 

17,  566 

1,451 

1,451 

795 

6,755 

571 

571 

1,309 

3,946 

303 

303 

1,415 

1,901 

231 

231 

1,679 

3.981 

545 

28 

573 

1,460 

6.002 

825 

34 

859 

1,336 

7.101 

976 

47 

1,023 

1,324 

13.313 

1,521 

112 

1,830 

1,051 

113,687 
107, 435 
74, 138 
160,  302 
144,318 
116,265 
82,  670 
82, 131 
89, 846 
69, 047 


12, 107 
9,449 
6,140 
19, 094 
15, 926 
14,  579 
8,949 
6,576 
5.684 
3,316 


CALIFORNIA 


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 

24.  999 

10.  258 

5,  349, 887 
6. 110.  532 
5.  274,  064 
3.733.015 
2,441,374 
1., 595,  538 
2. 052, 632 

2,  790,  876 

3,  584. 160 
5.  007.  sn7 


447.  750 
552,  289 
512. 923 
324.  584 
190, 149 
139,  578 
156,  571 
228,  691 
265,  864 
507.  369 


56,  530 
62. 038 

52.  960 
36, 114 
20,  714 
18,  703 
21,644 
31. 449 
36,  557 

53.  QQ9 


335 

382 

1,253 

1.284 


56,  530 
62. 038 
52.  960 
36. 114 
20,  714 
18,  703 
21,979 
31,831 
37, 810 
62.115 


8,494 
8.747 
9.243 
11,538 
13,  569 
16.  590 
15,  352 
14.P75 
13,  500 
11.851 


1,  271.  408 
1, 165, 995 

1,  507, 059 

2,  333,  480 
2,  390,  597 
2,  221,  271 
1,  ."09. 344 
1,714,305 
1, 600,  398 
1.  106,  .527 


146, 149 
145, 859 
147,  570 
253,  757 
395,  716 
385,  853 
2  59,010 
227, 880 
170. 684 
102.  7TiJ 


For  footnotes,  see  p.  135. 
114338—39 9 


126 


STATISTICS    OF    INCOME 


Table  8.- — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income^—  Continued 


[Money  figures  in 

thousands  of  dollars] 

Total 
num- 
ber of 

re- 
turns 2 

Returns  with  net  income  ' 

Returns  with  no  net  income^ 

Year 

Num- 
ber 

Gross          Net 
income  ^    income  * 

Income 
tax  5 

Excess-    ™,  .  , 

P™^^''      tax? 
tax  6       tax 

Num- 
ber 

Gross 
income  s 

Deficit  < 

COLORADO 


1927. 
1928. 
1929. 
1930- 
1931. 
1932. 
1933. 
1934. 
1935. 
1936. 


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 

6,463 

2,300 

745,  766 
941, 132 
738,  303 
446, 515 
284,  298 
191,  260 
296, 951 
385,  308 
440, 918 
611,121 


47,  758 
,"9,  932 
52, 349 
30,  943 
18,  442 
14,283 
25,825 
32,  985 
38,  338 
60,  733 


5,647 
6,109 
5,084 
3,090 
1,786 
1,775 
3,557 
4,536 
5,271 
7,147 


75 
103 


310 


5,647 
6,109 
5,084 
3,090 
1,785 
1,775 
3,632 
4,639 
5,479 
8,354 


2,291 
2,313 
2,474 
2,  845 
3,355 
4.564 
4,251 
3,851 
3,601 
3,012 


292, 356 
147, 988 
200.  275 
364, 806 
366,  998 
322,  205 
233, 981 
203, 087 
204,  970 
185, 305 


CONNECTICUT 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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 

9,219 

3.407 

1 

1,  785,  784 

1,  925, 120 

2,021,940 

1, 329, 177 

851,  783 

462, 884 

663,  841 

962,  925 

1,  226,  404 

1,  626,  666 


136, 992 
177,471 
199,914 
84,911 
58,810 
35,  344 
50, 968 
73,  219 
90,  438 
143,  740 


16, 827 

19,  570 

20,  782 
9,170 
6,398 
4,752 
7,069 

10,  073 
12,  434 
17,  368 


62 

42 
1901 
398 


16, 827 
19,  570 
20,782 
9,170 
6,398 
4,752 
7,121 
10, 115 
12,  624 
20,033 


2,283 
2,326 
2,486 
3.742 
4,425 
6,418 
6,101 
5,940 
5,748 
5,248 


333, 327 
365, 863 

378,  205 
763,  913 
902,  377 
905, 173 
754, 143 
711,228 
638,  072 
574,  765 


DELAWARE 


927. 
1928. 
1929. 
1930. 
1931. 
1932 
1933 
1934 
1935 
1936 


1,  553 

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 

3,224 

1,598 

1, 088,  616 

1, 330, 828 

1,  674,  632 

1,477,488 

679,  062, 

585, 193 

530,  692 

760. 149 

872.  425 

1,  463,  262 


116,  890 

189,  783 

272,  455 

125,  272 

76, 198 

40,  697 

62,  291 

93.  329 

128.  568 

490.  945 


15,  548 

22,  067 

29,423 

14,  548 

8,939 

5,573 

8,688 

12,882 

17,677 

31,355 


123 

145 
588 
275 


15,  548 

22,067 

29,423 

14,  548 

8,939 

5,573 

8,811 

13,  027 

18.  265 

37, 183 


485' 

471 

583 

811 

1,003 

1,341 

1,356 

1,509 

1,628 

1,196 


97,  435 
105, 179 
175,  492 
278,  671 

813. 073 
636,  895 
658,  344 
570, 810 

857. 074 
114,951 


DISTRICT  OF  COLUMBIA 


1927. 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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 

2,818 

1,333 

548, 825 
555,  365 
567, 465 
472,  483 
283,  554 
174,424 
216,810 
305,  696 
375,  784 
451,802 


55,  838 
55,  898 
52. 909 
30,  330 
22,  376 
14.949 
13,914 
22,  871 
27,  023 
46,  287 


7,225 
6,423 
5,460 
3,286 
2,419 
2.064 
1,948 
3,  U^ 
3,  713 
5, 079 


14 
49 
120 
113 


7,225 
6,423 
5,460 
3,286 
2,419 
2,064 
1,962 
3,194 
3,833 
5,930 


695 

822 

872 

966 

1,081 

1,590 

1,554 

1.428 

1,399 

1,279 


90,086 
102,  795 

88,  083 
121,  339 
253,  735 
257, 854 
211,  183 
221,  222 
230,  133 
236,  683 


FLORIDA 


1927.. 
1928.. 
1929 -. 
1930- . 
1931.. 
1932- . 
1933.. 
1934.. 
1935.. 
1936.. 


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 

9,866 

3,  456 

369,  737 
352,  552 
355,211 
323, 672 
229,  590 
125, 98.^i 
186,016 
326, 861 
399, 84f 
533, 051 


32,  218 
27,  064 
28,114 
20,  922 
12, 80f 
6,  481 
8.471 
16.  4,5^ 
22, 10( 
40,  84( 


3,413 
2,276 
2,210 
1, 676 
909 
784 

1,  161 

2,  26r 

3,  03! 
4,071 


48 
81 
173 

278 


3,413 

5.323 

372,  695 

2,276 

.5,177 

288.  297 

2,210 

4,778 

284.  945 

1,676 

4.769 

254,971 

909 

5,073 

263,  357 

784 

6,611 

262.  469 

1,209 

5.892 

207.  694 

2, 346 

6,  42: 

208.  254 

3,212 

5.m 

227,  302 

5,259 

4,923 

211,325 

For  footnotes,  see  p.  135. 


STATISTICS    OF    INCOME 


127 


Table  8. — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ' — Continued 

[Money  figures  in  thousands  of  dollars] 


Total 
num- 
ber of 

re- 
turns ' 

Returns  with  net  income  ' 

Returns  with  no  net  income^ 

Year 

Num- 
ber 

Gross 
income  ' 

Net 
income  * 

Income 
tax  5 

Excess- 
profits 
tax' 

Total 
tax' 

Num- 
ber 

Gross 
income ' 

Deficit « 

GEORGIA 


5,524 

3,416 

5,620 

3,409 

5,738 

3,390 

5,678 

2,681 

5,567 

1,980 

5,  360 

1,032 

5,  556 

1,825 

5,900 

2,277 

5,830 

2,381 

5,721 

2,880 

869,  452 
875,  584: 
806,  659 
436,  314 
316,  569 
178,  537 
406, 807 
565, 990 
504,  588 
860,  409 


70,  521 
64,  903 
62,281 
25, 925 
18,624 
10,  767 
22,  769 
35,  126 
26,  683 
63, 953 


8,320 
6,891 
6,105 
2,252 
1,664 
1,354 
3,115 
4,830 
3,669 
7,736 


84 

71 

133l 

247 


8,320 
6,891 
6, 105 
2,252 
1,664 
1,354 
3,199 
4,901 
3,802 
8,737 


1,839 
1,922 
2,037 
2,717 
3,308 
4,046 
3,349 
3,153 
3.044 
2,535 


229,  623 
257, 331 
293,  278 
427,  555 
356, 912 
326, 905 
202,  500 
228,  405 
299,  471 
191,617 


HAWAII 


686 

445 

734 

455 

784 

448 

785 

413 

669 

295 

7S0 

304 

768 

329 

791 

371 

798 

457 

818 

533 

205.  254 

206,  357 
213,  699 

184,  486 
46.  360 
91.062 
156. 898 
176.  327 
227.  150 
261.  764 


28, 349 
33.  456 

28.829 
22.  836 
4.552 
7,675 
19,  518 
16.  586 
31.2.36 
47,  421 


3.715 
3.883 
3,046 
2,643 
447 
1.031 
2,680 
2.281 
4,294 
4,927 


3,715 
3,883 
3,046 
2.  643 
447 
1.031 
2.694 
2.290 
4.350 
5,591 


203 
238 
291 
339 
346 
446 
413 
392 
313 
253 


32, 904 
41,473 
26,  577 
42,  304 
52, 942 
105,  213 
50,  812 
40,  655 
21, 900 
20,  395 


IDAHO 


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 

2,  150 

780 

118.271 
126,  777 
135.  406 
86,771 
56,  223 
21.777 
42.  957 
69,  703 
84,  461 
122,  589 


5,930 
6,645 
7,  525 
4, 943 
2,819 
1,258 
2,046 
3,690 
6,435 
10,  373 


587 
535 
.W5 
403 
226 
177 
280 
502 
885 
1,259 


587 
535 
.=105 
403 
226 
177 
289 
521 
907 
1,397 


564 

5.53 

.593 

790 

1,031 

1,323 

1,078 

966 

898 

747 


53,  184 
60, 413 
50,  361 
73, 898 
65,  211 
58,949 
47, 434 
41,224 
47,  137 
35,  490 


ILLINOIS 


29.  24^ 

16,913 

30,  444 

17,668 

31,700 

17,  698 

32. 04K 

13,  389 

32,  260 

10,  489 

32,  117 

4, 810 

32,  266 

7,259 

34,  845 

9.974 

35,331 

11,506 

35.  923 

14,  708 

11,953, 
15,  684, 
14,094, 
9,617, 
5.651, 
3,  565, 
5,  337. 
7, 446. 
9. 006, 
11.910. 


836.  588 
1,012.940 
1,  103.647 
586,  664 
263,  614 
131,  959 
220,  079 
368.  385 
461,663 
793.017 


107.499 
115,222 
115,133 
66,  135 
28,520 
15,713 
30,  722 
50,  791 
63.  479 
95.  268 


2,823 

2.167 


107, 499 
115,222 
115,  133 
66.135 
28,  520 
15.713 
31.301 
51,  590 
66.  302 
115.908 


10,  052 
10,  370 
11,339 
15,  780 
IS,  920 
24.  144 
21,731 
21,099 
20, 120 
17.  592 


4,  764,  386 
8  2,151,365 

4.801,819 
6,  402,  522 
6,  825,  575 

5,  758, 058 
3, 899,  593 
3.  608,  633 
3,  546,  36! 
2.  462,  778 


INDIANA 


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 

12,551 

5.487 

1,  582,  823 

1.  635.  49: 

1,708,371 

994,  645 

696,  537 

292,  504 

571.914 

894.  540 

1,  159,  2]x 

1,670,  192 


13.965 
12.902 
11,980 

7,  250 

4,888 
3,  108 
5,  082 

8,  27.'^ 
11,382 
16.  127 


182 
210 
720 
63K 


13,965 
12.  902 
11.980 

7.  250 

4.885 
3.  108 
5.264 

8,  48.=. 
12.  102 
19,  52- 


3,  343 
3,561 
3,  705 
5,186 
6,236 
8,322 
7.  423 
6, 965 
6,431 
5.442 


479,  23e 
469,  320 
502,  243 
767,  555 
730,  301. 
702,416 

480,  61 1 
507,  68^ 
464, 90S' 
334,  46.'- 


For  footnote."!,  see  p.  135. 


128 


STATISTICS    OF   INCOME 


Table  8. — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ^ — Continued 


[Money 

Bgures  in 

thousands  of  dollars] 

Total 
num- 
ber of 

re- 
turns 3 

Returns  with  net  income ' 

Returns  with  no  net  income  • 

Year 

Num-       Gross 
ber       income  ^ 

Net 
income  < 

Income 
tax  5 

Excess- 
profits 
tax  6 

Total 

tax  7 

Num- 
ber 

Gross 
income  ^ 

Deficit  < 

IOWA 


1927. 
1928 
1929 
1930 
1931. 
1932. 
1933. 
1934. 
1935- 
1936. 


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 

8,227 

3,551 

1, 047,  967 
1,098,127 
1,  089,  544 
935,  209 
548, 375 
286,  327, 
415,  557, 
605, 840 
733, 915 
959,9291 


53,  292 
65,510 
68,  045 
46,  489 
25,  509 
11,239 
18,  543 
27,  254 
34,  631 
50, 225 


6,154 
6,605 
6,399 
4,574 
2,361 
1,503 
2,584 
3,768 
4,760 
6,089 


50 

73 

212 

169 


6,154 
6,  605 
6,399 
4,574 
2,361 
1,503 
2,634 
3,841 
4,972 
7,021 


2,592 
2,507 
2,430 
3,077 
4,119 
5, 867 
5,060 
4,409 
4,054 
3,215 


248,  748 
219,  656 
261,779 
337, 932 
408.  076 
380, 172 
253,  415 
232,  770 
258,  798 
199,  675 


19,190 
18,  550 
20,  436 
28,  276 
47,  427 
56, 170 
37,  714 
2fi.  938 
23,  890 
18,  646 


KANSAS 


1927 
1928. 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936. 


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 

4.637 

2,312 

879,  042 
1, 061,  843 
1, 157,  222 
710, 603 
460.  740 
288,  764 
205, 823 
493,  750 
491, 601 
678, 084 


99,  606 
108, 127 
134,  228 
74,  321 
32,  439 
13,  308 
8.  203 
!9,  990 
20,  360 
42,  674 


12,  807 
12,100 

13,  952 
8,241 
3, 435 
1,819 
1,131 
2,772 
2,811 
4,990 


12, 807 
12, 100 
13, 952 
8,241 
3,  435, 
1,819 
1,164 
2,821 
2,900 
5,655 


1,677 

1,  531 
1,517 

2,  059 
2,7141 
3,453 
3.131 
2,829 
2,663 
2,042 


295, 469 
178,  640 
154.  393 
373,  290 
281,  443 
239.  684 
294,  673 
218,  757 
252,  944 
216, 199 


29, 873 
10,  460 
12,  768 
29,  352 
52, 645 
32,  539 

21,  944 
20,  256 

22.  370 
12,113 


KENTUCKY 


1927 
1928 
1929. 
1930. 
1931 
1932 
1933 
1934 
1935 
1936 


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 

5,158 

2,547 

938,  354 
955,  937 
921, 182 
612,  278 
267,  715 
221,  566 
349,713 
576, 013 
736, 180 
947,  637 


72,  270 
75. 154 
77,  305 
38,  453 
18,  965 
14,  468 
23, 933 
43, 978 
46,  686 
67, 875 


8,893 
8,172 
7,746 
3,982 
1,843 
1, 873 
3.316 
6,047 
6,419 
8,795 


110 
100 
173 
297 


8,893 
8,172 
7,746 
3,982 
1,843 
1,873 
3,426 
6,147 
6,592 
10,  557 


1,691 
1,783 
1,799 
2,364 
2,765 
3,  586 
3,141 
2,895 
2,661 
2,215 


157, 883 
172,  661 
193,  354 
277,  027 
433, 143 
327, 561 
245,  309 
267,  830 
187, 697 
137, 846 


14,  494 
15, 998 
16, 388 
74, 305 
40,  242 
39.  228 
29.  766 
24,001 
19. 178 
13,  342 


LOUISIANA 


1927. 
1928. 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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 

6,541 

2,805 

936, 032 
1, 040, 909 
885,  801 
605, 069 
419,  649 
243, 716 
384,  501 
527, 452 
626,  077 
898, 472 


56, 861 
60,  221 
53,  648 
33,  217 
23,  234 
14,929 
21,  130 
31,  487 
35,  823 
62,  750 


6,  753 
6,122 
4,980 
3,096 
2,150 
1,765 
2,880 
4,357 
4,923 
7,154 


313 
300 


6,753 
6,122 
4,980 
3,096 
2,150 
1,765 
2,963 
4,425 
5,236 
8,347 


2,092 
2,132 
2,242 
2,881 
3,440 
4,681 
4,315 
4,144 
3,784 
3,113 


316,042 
295, 881 
339, 902 
515,  634 
480, 865 
399.  762 
237,  503 
262, 124 
279,  803 
182, 928 


26,  323 

27,  385 
32,  196 
51, 988 
59, 975 
54,  925 
48,511 
30,  565 
46,  257 
21, 666 


MAINE 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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 

3,810 

1,358 

484, 207 
494,  436 
487,  657 
330,  322 
210.  292 
107, 009 
153. 431 
191,809 
219, 382 
297,  612 


36.  574 
34,915 
35,  379 
24,  232 
13,  355 
7,  924 
10,119 
12, 638 
13.410 
22, 357 


4.327 
3,703 
3,  432 
2.496 
1,304 
1,084 
1,358 
1.743 
1,843 
2,338 


4,327 
3,703 
3,432 
2,496 
1,304 
1,084 
1,380 
1.770 
1,910 
2,828 


1,042 
1,133 
1,180 
1,476 
1,8)6 
2,614 
2,  454 
2,313 
2,336 
2, 038 


108, 635 
124, 6(12 
141,411) 
265, 180 
270,  579 
238,  515 
189,  082 
181, 155 
178, 297 
180,  114 


11,270 
8.974 
20,  792 
28,  487 
36,900 
49,  719 
38, 067 
21, 097 
16, 949 
11,817 


For  footnotes,  see  p.  135. 


STATISTICS   OF   INCOME 


129 


Table  8. — Corporations,  1927-36,  hy  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ' — Continued 

[Money  figures  in  thousands  of  dollars] 


Total 
num- 
ber of 

re- 
turns 2 

Returns  with  net  income ' 

Returns  witii  no  net  income! 

Year 

Num- 
ber 

Gross 
income  ' 

Net 
income  < 

Income 
tax « 

Excess- 
profits 
tax  6 

Total 
tax  7 

Num- 
ber 

Gross 
income  ^ 

Deficit  * 

MARYLAND 


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 

6,326 

2,653 

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 

1,  327,  578 


104, 113 

156,  352 

165,  645 

116,375 

76,  622 

56, 117 

55, 447 

65,  948 

55, 806 

124,  717 


80 
143 
201 
250 


1,882 
2,067 
2,143 
2,479 
2,932 
4,102 
3,836 
3,735 
3,663 
2,971 


222, 922 
236,  587 
279,  430 
420, 191 
719, 472 
703, 194 
577,  569 
593,  365 
600,  357 
265, 758 


MASSACHUSETTS 


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 

22, 047 

8,756 

5,575,411 
1 5,  354,  347 
5,  739, 160 
3, 506,  843 
2,  581,  451 
1,616,236 
2,  492. 028 

2,  557,  615 

3,  298,  510 

4,  327,  695 


399, 971 
412,  506 
444,  570 
249,  537 
170. 983 
106, 685 
177,754 
177,  365 
223, 173 
350, 995 


49, 174 
45, 923 
44,620 
27, 837 
18, 985 
14,  217 
24,  779 
24, 388 
30,  686 
38, 072 


451 

216 

1,124 

837 


49, 174 
45, 923 
44, 620 
27, 837 
18, 985 
14,  217 
25,  230 
24,  604 
31,810 
43, 938 


7,149 
7.501 
7,980 
10,  546 
11, 948 
15, 396 
13,  720 
13. 622 
13,  321 
11,957 


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 
1,  356,  513 


MICHIGAN 


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 

16,  202 

7,347 

5, 929,  512 
6, 998, 639 
8, 083, 807 
4, 654,  505 
2, 776, 880 
703,  521 
2,  391, 165 
4, 918,  522 
7,115,810 
8,  508,  399 


624,  658 
735, 671 
762, 435 
389, 342 
239, 140 
54, 022 
176,  627 
282,  582 
456,  526 
720,  735 


81,971 
85,  310 
71, 6*^8 
43, 858 
27, 123 
7,219 
25, 110 
38. 862 
62,  772 
96, 602 


184 

325 

6,143 

1,801 


81,971 
85,  310 
71,628 
43, 858 
27, 123 
7,219 
25, 294 
39, 187 
68, 915 
109, 158 


4,873 
4,840 
5,448 
8,063 
9,124 
11,247 
9,947 
9,103 
8,370 
7,131 


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 
774, 621 


MINNESOTA 


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 

11,133 

4,520 

2,  499, 166 
2,  544,  669 
2,  502,  989 
1,857,606 
1, 063,  009 
652, 128 
995,  647 
1,  326. 095 
1,589,448 
2, 090, 451 


117,224 
155, 637 
146,  669 
87,  556 
57,311 
31,115 
44,  779 
59, 810 
68,  070 
123, 540 


14, 227 
17, 091 
14,  697 
9,225 
5,991 
4,166 
6,284 
8,236 
9,358 
12, 871 


77 
151 
310 
417 


14,  227 
17, 091 
14, 697 
9,225 
5,991 
4,166 
6,361 
8,387 
9,668 
15,241 


3,693 
3,544 
3,563 
4,435 
5,427 
7,513 
6,855 
6,414 
5,847 
4,937 


343,  390 

418, 990 
477,  318 
722, 989 
951, 175 
867, 046 
651,  229 
676, 997 
608, 656 
500, 172 


MISSISSIPPI 


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 

2,372 

1,196 

236, 058 

257,  632 

266,  681 

143,  578 

83, 099 

25,  779 

71, 080 

119,709 

132, 141 

224,  101 


12, 176 

12,  700 

13,  737 
5,999 
3,485 
1, 12S 
2,856 
4,670 
6,015 

12, 137 


1,242 

1,066 

1,131 

512 

267 

133 

391 

639 

827 

1,439 


1,242 

1,066 

1,131 

512 

267 

133 

403 

662 

869 

1,854 


674 
780 
894 
1,293 
1,461 
1,778 
1,461 
1,325 
1,299 
1,013 


77, 817 
80, 317 
96,  251 
136,  535 
111,822 
106, 816 
77,  530 
81, 179 
88, 206 
58, 018 


For  footnotes,  see  p.  135. 


130 


STATISTICS    OF    INCOME 


Table  8. — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ' — Continued 


[Money 

igures  in 

thousands  of  dollars] 

Total 
num- 
ber of 

re- 
turns 2 

Returns  with  net  income  ' 

Returns  with  no  net  income  * 

Year 

Num- 
ber 

Gross 
income  ^ 

Net 
income* 

Income 
tax' 

Excess- 
profits 
tax« 

Total 
tax  7 

Num- 
ber 

Gross 
income  ^ 

Deficit  < 

MISSOURI 


1927 
1928 
1929 
1930 
1931 
1932. 
1933. 
1934. 
1935. 
1936. 


16, 370 

9.017 

16,  751 

9.137 

17,  223 

9,146 

17, 106 

7,411 

16,  767 

5,  723 

16.  373 

3,140 

15,594 

4,014 

15, 835 

4,879 

15,906 

5,305 

15, 467 

6,486 

3,441,649 

239,  671 

30,  281 

30,  281 

5,627 

3,  724, 876 

256,  781 

27, 953 

27, 953 

5,711 

3,  796,  258 

262,  695 

26.  786 

26,  786 

6.068 

2,  574.  540 

162.  446 

17.  748 

17,  748 

7.691 

1,  462,  835 

101.315 

10. 872 

10,872 

9,107 

986,  399 

78,  524 

10.  554 

10,  554 

11.2t3 

1, 478,  323 

100.  036 

13,  796 

186 

13,  982 

9,769 

2, 018,  558 

142,  891 

19, 661 

256 

19, 917 

9,151 

2, 084. 4,'50 

134.044 

18,431 

402 

18, 833 

8,768 

2,  884,  109 

222.  864 

28, 062 

811 

31,  719 

7,356 

970,  500 

766, 051 

862, 061 

1,275.416 

1,  573.  324 

1,  365.  961 

976,015 

939,  236 

1. 134,  084 

945,  625 


66, 960 
60,  573 
65,  538 
103, 086 
1S5,  867 
184,323 
151,477 
132,843 
126,280 
70,  446 


MONTANA 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936, 


4,020 

1,837 

3,708 

1,933 

3,585 

1,822 

3.350 

1,419 

3,201 

1,099 

3,044 

529 

2,933 

630 

2,967 

937 

2,978 

1,053 

2,822 

1,048 

194,  574 
213, 196 
190,  321 
116,180 
78, 928 
33, 989 
50,  459 
116,  143 
159,290 
164, 962 


13,312 
14,  643 
11,942 
5,  582 
3,286 
1,048 
2,036 
5,  520 
8,622 
10, 609 


1.361 

1.249 

941 

379 

251 

121 

279 

759 

1,186 

1,  230 


1,361 

1,249 

941 

379 

251 

121 

286 

787 

1,240 

1,546 


983 
960 
1,070 
1,454 
1,729 
2,153 
1,938 
1,647 
1,524 
1.428 


48,014 

46,  558 

47,  886 
72,  374 
68,  003 
71,612 
59,  639 
46,  340 
50,  810 
50,  960 


9,  343 

5,  483 
6,770 
10,  629. 
17,  489 
11,790 
7,595 
8,047 
5,632 
4.454 


NEBRASKA 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


4.716 

2.958 

4,836 

3, 060 

4,725 

2,  969 

4,786 

2,708 

4,860 

2,071 

4,694 

9.58 

4,473 

1,180 

4,611 

1.379 

4,494 

1,613 

4,394 

1,940 

667.  777 
653, 414 
646, 677 
515,  094 
303,  124 
133,907 
216,  265 
342,  666 
334,  669 
473, 178 


26,  750 
30, 024 
30, 079 
21,996 
12.  648 
7.  138 
9,813 
19. 905 
15,  994 
32,  674 


2,982 
2.882 
2,662 
2,043 
1,087 
948 
1.360 
2.737 
2.198 
4,181 


18 
54 
71 
126 


2,982 
2,882 
2,662 
2,043 
1.087 
948 
1,378 
2,791 
2,269 
4,750 


1,296 
1,251 
1,352 
1.705 
2,  355 
3,308 
2,844 
2,784 
2,459 
2,074 


120,  555 
153,  126 
137,  689 
180,  543 
204, 894 
236.  421 
168, 021 
136,  803 
152,093 
119,615 


9,462 
10,  356 
17,  306 
15,  628 
21. 106 
27,  803 
21,783 
17,  823 
12,  950 
10, 758 


NEVADA 


1927 
1928 
1929. 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


874 

314 

1,026 

353 

1,033 

351 

1,022 

309 

997 

301 

938 

108 

888 

106 

956 

195 

968 

227 

929 

299 

108,  219 

4,109 

487 

487 

253 

150,590 

6,963 

736 

736 

281 

252,  796 

9,771 

971 

971 

315 

244, 956 

5,  .547 

.595 

595 

401 

358,  248 

6,840 

754 

754 

410 

254, 427 

6,462 

896 

896 

542 

246,211 

6,727 

953 

13 

966 

502 

133,357 

3,403 

468 

18 

486 

493 

176,  435 

3,  213 

442 

17 

459 

474 

222,917 

11,789 

920 

45 

1,039 

397 

11,  550 
10, 008 
11,935 
24, 508 
19,  490 
26,  225 
26,  832 
33, 599 
24,  710 
16,  426 


3,412 
4,602 
4,330 
5,845 
4.777 
6,021 
15, 992 
4,656 
2,039 
1,953 


NEW  HAMPSHIRE 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


1,227 

754 

1,322 

767 

1,349 

803 

1,396 

707 

1,345 

587 

1,333 

329 

1,412 

400 

1,472 

509 

1,464 

523 

1,447 

624 

149. 
153, 
152, 
112, 
73, 
47, 
75, 
105, 
112, 
159, 


11,148 
11,398 
11,948 
7,455 
4, 166 
2,151 
5,005 
7.760 
7,074 
10, 716 


1,240 

1,240 

399 

1,168 

1,168 

466 

1,117 

1,117 

477 

720 

720 

621 

362 

362 

687 

277 

277 

934 

689 

13 

702 

943 

1,066 

8 

1,074 

865 

973 

28 

1,001 

879 

1,280 

49 

1,538 

777 

48,  475 
80,  241 
59,  075 
94,  389 
80,  675 
72,  788 
67, 653 
73, 149 
70, 422 
66, 089 


6,099 
11,  104 
4,782 
11,647 
8,733 
10.  577 
7,488 
6.141 
5,246 
6,009 


For  footnotes,  see  p.  135. 


STATISTICS    OF   INCOME 


131 


Table  8. — Corporations,  1927-86,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ' — Continued 


[Money  figures  in  thousands  of  dollars] 


Total 
num- 
ber of 

re- 
turns ' 

Returns  with  net  income  ' 

Returns  with  no  net  income ' 

Year 

Num- 
ber 

Gross 
income ' 

Net 
income  < 

Income 
tax" 

Excess- 
profits 
tax* 

Total 

tax' 

Num- 
ber 

Gross 
income ' 

Deficit « 

NEW  JERSEY 


1927. 
1928. 
1929. 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


19, 143 

1 
10,  783 

20,  509 

11,310 

21,  885 

11,646 

22,  489 

9,945 

22,  £67 

8,449 

23,  278 

3,128 

23, 902 

3,599 

25.  383 

4,747 

26,  354 

5,670 

26,  647 

7,138 

4,  393,  566 
3,  607,  869 
3,  748,  760 
2,  484,  672 
1,  745,  271 
996,615 
1,236,745 

1,  785,  940 
2,011,271 

2,  730,  652 


349,  484 
376,  247 
444,  895 
224,  871 
157,  129 
106,  566 
125, 456 
167, 161 
180.  725 
373,  429 


43,  337 
41, 171 
45,  680 
24, 075 

16,  813 
14,  037 

17,  395 
23, 036 
24, 868 
34,  611 


154 
135 
374 
405 


43,  337 
41, 171 
45,  680 
24,  075 

16,  813 
14, 037 

17,  549 
23,  171 
25,242 
41,941 


6,863 
7,605 
8,468 
10,711 
12,  515 
17,955 
17, 972 
18, 104 
18,  286 
17, 356 


808, 805 
782, 487 
955,  695 
1,  405,  281 
1,  794, 189 
1,  776, 135 
1,  551, 898 
1,  393, 616 
1,  504, 629 
1,  348, 464 


83,  002 
85,  635 
136,  749 
238,  326 
441, 477 
359, 855 
315,246 
194, 846 
175, 382 
125. 619 


NEW  MEXICO 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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 

1,079 

466 

61, 856 

3,998 

418 

418 

283 

70,  297 

4,621 

415 

415 

282 

66, 999 

4.320 

354 

354 

300 

49,  579 

2,455 

179 

179 

430 

29.711 

1,247 

68 

68 

558 

12.  157 

412 

47 

47 

738 

24,  325 

1,117 

154 

6 

160 

656 

41,  407 

2,059 

283 

14 

297 

596 

46, 644 

2,151 

296 

17 

313 

532 

67, 376 

4,217 

448 

36 

542 

450 

16, 840 
17,  357 
17,  762 
27,  216 
29,  180 
32,  497 
20,  541 
20, 127 
19, 112 
14,  212 


2,748 
2,221 
2,527 
3,228 
4,088 
4,535 
3,429 
2,569 
1,840 
1,472 


NEW  YORK 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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,  G19 

27, 180 

120. 983 

34,  546 

31,285,699 
34,  937. 638 
36.  812. 023 
827,482,351 
15,113,394 
9,  660.  469 
13,  241, 667 
16,088,093 
19.  634.  755 
25. 140, 082 


545,  507 
248, 916 
646, 922 
091,  540 
216,637 
700,  156 
831, 980 
191, 532 
447,  030 
690, 816 


324,  573 
367,  733 
383, 110 
238, 010 
135,  402 
94,  739 
116,743 
164. 073 
199, 007 
260, 456 


1,578 
1,720 
3,881 
2,910 


324,  573 
367,  733 
383, 110 
238, 010 
135,  402 
94,  739 
118,321 
165,  793 
202, 888 
294, 505 


36, 108 
40, 062 
43,865 
54, 627 
62,  639 
85,  234 
81,811 
83, 689 
82,871 
76, 875 


054,  365 
116,  345 
901.  545 
011,326 
194, 996 
191,  558 
691, 022 
552,  650 
925,  741 
762,  262 


576,  625 
573, 652 
854,  292 
355, 500 
918,  459 
185,  749 
672, 403 
236, 092 
994, 641 
591, 439 


NORTH  CAROLINA 


1927. 
1928. 
1929. 
1980. 
1931. 
1932. 
1933 
1934 
1935. 
1936. 


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 

6,027 

3,202 

1.340. 

1.  225, 

1. 149, 
732, 
673, 
464. 
690, 
849, 
941, 

1,295, 


114,607 
96,  562 

104,314 
73,  172 
71,  193 
62,  687 
54,  459 
65,566 
70, 243 

103,  821 


14, 147 
10,  770 
10,863 
8,334 
8,148 
8,565 
7,482 
9,015 
9,657 
13,  757 


154 
110 
159 
233 


14, 147 
10,  770 
10,  863 
8,334 
8,148 
8,565 
7,636 
9,125 
9,816 
15, 302 


2,308 
2,667 
3,011 
3,732 
3,803 
4,241 
3.206 
2.920 
2.874 
2,515 


190,  775 
261,  057 
298, 035 
471,  227 
381, 167 
345.  791 
215,  406 
272,  761 
306, 982 
173, 374 


16,413 
20,784 
25, 344 
36, 859 
40, 107 
51, 134 
22, 367 
26,  202 
22, 114 
8,464 


NORTH  DAKOTA 


1927. 
1928. 
1929. 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


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 

2,603 

743 

160,  229 
160, 651 
121,487 
88,446 
44,313 
26,  754 
47,845 
66, 952 
67,840 
70, 133 


5,412 
5,688 
4,538 
2,721 
1,651 
827 
1,267 
2,083 
2,236 
2,680 


399 
321 
251 
133 

941 
102 
174 
286 
308 
283 


399 
321 
251 
133 
94 
102 
178 
298 
332 
349 


943 
972 
1,085 
1,458 
1.735 
1, 910 
1,585 
1,454 
1,463 
1,356 


35,829 
44,  525 
44,  399 
59, 910 
53,  623 
.52,  553 
38, 306 
34, 305 
41,  558 
36, 035 


3,150 
3,220 
3,845 
4,533 
6,538 
6,596 
4,419 
4,335 
3.047 
2,659 


For  footnotes,  see  p.  135. 


132 


STATISTICS   OF    INCOME 


Table  8. — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ' — Continued 

[Money  figures  in  thousands  of  dollars] 


Total 
num- 
ber of 

re- 
turns ' 

Returns  with  net  income  ' 

Returns  with  no  net  income  > 

Year 

Num- 
ber 

Gross 
income ' 

Net 
income  * 

Income 
tax  5 

Excess- 
profits 
tax  6 

Total 
tax? 

Num- 
ber 

Oross 
income  ^ 

Deficit  ♦ 

OHIO 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


24,  305 

14,020 

24,  722 

14,344 

25, 173 

14,  299 

25,  459 

10,  676 

25,  462 

8,318 

24, 919 

3,969 

24,  823 

5,859 

26, 151 

8,471 

26, 664 

9,963 

26,  640 

12,  603 

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 
7,  267, 936 


606, 
589, 
687, 
301, 
170, 
114, 
176, 
259, 
324, 
585, 


63,  487 
74,  776 
71,  393 
33, 041 
18,  223 
15, 124 
24, 323 
35,  804 
44,  650 
70, 094 


428 

625 

1,518 

1,411 


63,487 
74,  776' 
71,393i 
33,  041 
18,  223 
15, 124 
24,751 
36,  329 
46, 168 
82,  892 


8,901 
8,942 
9,515 
13,  365 

15,  457 
19,  399 
17,  287 

16,  067 
14, 973 
12, 478 


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 
1,  239, 192 


OKLAHOMA 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934. 
1935 
1936, 


6,132 

3,271 

6,456 

3,512 

6,671 

3,649 

6,944 

2,948 

6,558 

1,717 

6,092 

1,030 

5,976 

1,396 

6,060 

1,834 

6,073 

2,063 

6,701 

2,318 

804, 
975, 

1, 047, 
619, 
205, 
166, 
254, 
474, 
745, 

1, 143, 


56, 
79, 
105, 
71, 
20, 
20, 
27, 
49, 
61, 
81, 


6,368 
8,124 
9,795 
7,739 
2,171 
2,611 
3,716 
6,747 
8,506 
9,891 


126 
139 
330 

158 


6,368 
8,124 
9,795 
7,739 
2,171 
2,611 
3,841 
6,886 
8,836 
1,013 


2,090 
2,177 
2,169 
3,073 
4,054 
4,369 
3,892 
3,663 
3,375 
2,875 


366, 858 
293, 740 
336,  647 
702,  726 
691,717 
500, 309 
492,  528 
641,  305 
500, 882 
272,  346 


OREGON 


1927. 
1928. 
1929. 
1930 
1931. 
1932 
1933 
1934 
1935 
1936 


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 

6,635 

2,023 

486, 
512, 
579, 
430, 
220, 
83, 
177, 
242, 
327, 
469, 


618 

23,  694 

2,494 

2,494 

2,172 

332 

29,  385 

2,737 

2,737 

2,232 

209 

30, 027 

2,601 

2,601 

2,345 

249 

17, 010 

1,617 

1,517 

2,979 

112 

8,936 

768 

768 

3,467 

397 

3,065 

371 

371 

4,336 

766 

6,448 

767 

17 

774 

3,861 

517 

9,235 

1,269 

24 

1,293 

3,481 

687 

13,  830 

1,901 

96 

1,996 

3,208 

177 

24,911 

2,931 

154 

3,674 

2,813 

210,  568 
204, 219 
206,  520 
287, 066 
311,467 
280, 190 
205, 485 
226,  652 
212, 128 
180, 964 


PENNSYLVANIA 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


24, 883 

13, 193 

26,  558 

13,  370 

26, 357 

13, 880 

26,  577 

11,254 

26,  448 

8,462 

26,  800 

4,546 

26,  665 

6,107 

28,  646 

8,104 

28,  284 

8,949 

27, 829 

10,  824 

905,  715 
060, 023 
565,  536 
249,  231 
164, 050 
226,  937 
330,  524 
349,  627 
674,  798 


104, 135 
104, 000 
112,113 
64, 380 
27,  371 
21, 983 
31,654 
45,  409 
48, 072 
72, 432 


566 

481 

1,159 

1,349 


104, 136 
104, 000 
112,113 
64,  380 
27,  371 
21, 983 
32, 120 
45, 890 
49,  231 
83,  833 


9,330 
9,665 
9,795 
12,  549 
15, 183 
19, 143 
17,  462 
17,  255 
16,  416 
14, 230  j 


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 

2,  416, 908 


RHODE  ISLAND 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1936 
1936 


2,688 

1,536 

2,871 

1,628 

2,964 

1,  660 

3,068 

1,370 

3,127 

1,217 

3,134 

562 

3,272 

846 

3,504 

947 

3,577 

1,071 

3,591 

1,310 

735, 728 
691, 950 
683, 002 
380, 338 
266,  321 
127, 045 
314,  610 
293,  303 
411,  535 
656, 921 


49, 046 
51,  732 
64, 487 
23,  345 
18, 184 
9,290 
22,  401 
20,  307 
26,  398 
40, 184 


5,791 
5,586 
6,604 
^2,677 
1,887 
1,147 
3,093 
2,792 
3,492 
4,644 


5,791 
6,685 
5,504 
2,677 
1,887 
1,147 
3,148 
2,827 
3,576 
5,666 


947 
1,000 
1,067 
1,  450 
1,665 
2,327 
2,143 
2,249 
2,197 
1,994 


160, 030 
187,  610 
231, 893 
370,  685 
373,  103 
347,  445 
217, 066 
312, 196 
270,  891 
229, 036 


For  footnotes,  see  p.  136. 


STATISTICS   OF   INCOME 


133 


Table  8. — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ' — Continued 


[Money  figures  in  thousands  of  dollars] 


Total 
num- 
ber of 

re- 
turns 2 

Returns  with  net  income  ' 

Returns  with  no  net  income ' 

Year 

Num- 
ber 

Gross 
income  ^ 

Net 
income  * 

Income 
tax  6 

Excess- 
profits 
tax  6 

Total 
tax? 

Num- 
ber 

Gross 
income  > 

Deficit « 

SOUTH  CAROLINA 


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 

3,557 

1,689 

404,  553 
328,  582 
299,  809 
147, 121 
114,  668 
82, 521 
224,  948 
263, 916 
275,  669 
414,  756 


24,791 
17,816 
16, 161 
6,281 
6,084 
3,448 
15,  727 
14, 109 
11,774 
22, 920 


2,694 

1,804 

1,464 

525 

539 

433 

2,130 

1,940 

1,619 

2,875 


70 
26 
41 
166 


2,694 

1,804 

1,464 

525 

539 

433 

2,200 

1,966 

1,660 

3,709 


1,548 
1,709 
1,775 
2,031 
2,244 
2,511 
1,871 
1,704 
1,794 
1,568 


106, 947 
156,  705 
194, 994 
224,  452 
196,  589 
153, 147 

91, 936 
111,456 
134,  764 

86,  290 


SOUTH  DAKOTA 


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 

2,515 

810 

151,  272 
154,811 
140,  322 
107,  590 
55, 099 
26,  226 
36,  871 
56, 905 
74,  962 
87,611 


5,230 
6,230 
6,296 
4,846 
2,241 
699 
1,004 
1,735 
2,206 
3,410 


387 
394 
395 
294 

118 
84 
137 
239 
303 
378 


387 
394 
395 
294 
118 
84 
141 
249 
315 
448 


704 

677 

816 

998 

1,361 

1,900 

1,734 

1,543 

1,421 

1,285 


28, 127 
30,  033 
49,  669 
55, 074 
60, 017 
58,  561 
42,  343 
40,  813 
38, 937 
40,  234 


TENNESSEE 


5,039 

3,  054 

5,213 

3, 039 

5,338 

3,032 

5,408 

2,463 

5,312 

1,832 

5,199 

1,010 

5,215 

1,510 

5,239 

1,968 

5,359 

2,128 

5,212 

2,582 

1, 039, 
962, 
902, 
570, 
362, 
221, 
414, 
527, 
618, 
860, 


61, 403 
65, 893 
59,  533 
33,117 
22, 969 
12, 997 
24, 473 
28,  511 
33, 141 
53,  267 


7,405 
7,039 
5,744 
3,364 
2,274 
1,700 
3,371 
3,920 
4.557 
6,755 


92 
175 
338 


7,405 
7,039 
5,744 
3,364 
2,274 
1,700 
3,467 
4,012 
4,732 
8,206 


1,577 
1,747 
1,852 
2,483 
3,007 
3,678 
3,179 
2,858 
2,814 
2,274 


256, 920 
268, 428 
307, 351 
420,  751 
389, 176 
358,  843 
223,299 
233, 119 
227, 056 
161,954 


TEXAS 


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 

IS,  582 

5,343 

15, 675 

5,772 

15,  977 

7,170 

2,  315, 682 
2, 452. 987 
2, 420,  433 
1,  593, 901 
816.  758 
730,  901 
1, 057,  647 
1, 389,  776 

1,  920,  227 

2,  822, 031 


142, 338 
173,980 
189, 132 
97, 054 
45. 981 
40. 858 
57,  596 
92,  504 
103,  850 
213, 131 


17, 051 
18.441 
18, 193 
9,739 
4,311 
4,713 
7,968 
12,  721 
14. 301 
25, 910 


366 
340 

549 

878 


17,  051 

18,  441 
18, 193 

9,739 
4,311 
4,713 
8,334 
13, 061 
14,  850 
30. 140 


4,353 
4,761 
5,243 
7,362 
8,582 
10, 653 
9,296 
8,649 
8.373 
7,340 


567, 896 
786, 169 
685,  770 
934, 254 
1, 098, 435 
812,817 
578,  827 
868, 403 
719, 347 
536, 298 


UTAH 


3,125 

1,589 

3,508 

1,712 

3.  245 

1,646 

3.  301 

1,  ,^92 

3,135 

977 

2,901 

419 

2,923 

615 

2,902 

802 

2,842 

901 

2,810 

1,091 

279, 069 
290, 146 
288,  739 
199.  849 
100,  564 
29,  847 
98,  744 
151,093 
173,  666 
232, 821 


17, 179 
20, 363 
19.933 
11.323 
5,  056 
1.573 
5,387 
7,  606 
9,358 
16,  532 


1,952 

2,004 

1,814 

1,055 

426 

206 

741 

1,043 

1,287 

1,750 


1,952 

2,004 

1.814 

1,055 

426 

206 

757 

1,062 

1,331 

2,015 


913 
932 
888 
1.173 
1,516 
1,909 
1.688 
1,550 
1,451 
1,249 


79, 433 
79, 898 
83,  235 
121,  243 
139,  229 
140, 0.58 
90, 107 
80,449 
79,  437 
59, 133 


For  footnotes,  see  p.  135. 


134 


STATISTICS    OF    INCOME 


Table  8. — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  income  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ' — Continued 


[Money  figures  in  thousands  of  dollars] 


Total 
num- 
ber of 

re- 
turns 2 

Returns  with  net  income  ' 

Returns  with  no  net  income  ' 

Year 

Num- 
ber 

Gross 
income ' 

Net 
income  < 

Income 
tax  5 

Excess- 
profits 
tax« 

Total 
tax' 

Num- 
ber 

Gross 
income ' 

Deficit « 

VERMONT 


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 

1,219 

507 

153, 168 

9,927 

1.164 

1.164 

348 

156,  048 

10,314 

1.038 

1,038 

342 

142, 257 

10,  255 

963 

983 

357 

99, 924 

5,2S7 

491 

491 

492 

51.468 

1,933 

155 

155 

693 

25, 752 

1,210 

158 

158 

899 

44,  715 

2,273 

308 

5 

313 

826 

65, 284 

4,005 

551 

6 

557 

767 

81,531 

4,787 

658 

19 

677 

757 

111,  188 

6,601 

815 

43 

1,007 

652 

42, 861 
42, 212 
55,113 
52,  244 
72, 214 
71, 086 
48, 924 
49,680 
53, 377 
49, 914 


5,571 
4,598 
9,642 
6,215 
7,792 
10, 090 
6.898 
4,890 
4,733 
3,953 


VIRGINIA 


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 

6,846 

3,282 

1,013,815 
1, 024, 668 
1,016,915 
847, 015 
631,485 
378,  009 
502,  610 
641,816 
697, 714 
909, 028 


123,  648 
118,505 
132,  956 
110,675 
76,  746 
36, 692 
43, 882 
54,682 
56. 778 
94,  794 


15, 770 
13, 166 
13,  794 
12,519 
8, 662 
4,972 
6,060 
7,519 
7,807 
12, 134 


113 


166 
252 


16. 770 
13, 166 
13, 794 
12, 519 
8,662 
4,972 
6,173 
7,618 
7,963 
14,  639 


2,137 
2,337 
2,613 
3,185 
3,661 
4,765 
4,211 
3  794 
3,639 
3,100 


267, 002 
245,  296 
294, 173 
370,  505 
375, 118 
360, 176 
266, 697 
230, 031 
247, 877 
216, 083 


22, 631 
18,  790 
22,o35 
44,414 
60, 870 
62,  779 
62, 341 
36,450 
39, 703 
25. 072 


WASHINGTON 


10, 977 

6,366 

11,847 

5,874 

12, 159 

5,924 

12,  709 

4,934 

13,  091 

3,916 

12,  328 

1,654 

11,  472 

2,128 

11,467 

2.903 

11,  666 

3,141 

11,227 

3.894 

1,  056,  761 
1, 239. 108 
1.153.890 
671. 962 
357,  660 
166,  579 
293,411 
610,  734 
639, 526 
883,  242 


62,  700 

75,  391 

76,  230 
31,  492 
17,  608 

7,744 
12,805 
25, 764 1 
32. 4491 
63.8981 


7.222 
7,419 
6,986 
2,6.86 
1.397 
954 
1,768 
3,  537 
4,462 
6,919 


55 
100 
196 

253 


7,222 
7,419 
6,986 
2,686 
1,397 
954 
1,823 
3,637 
4,658 
7,971 


3,748 
3,799 
4,058 
5,306 
6,388 
8  150 
7,206 
6,483 
6,196 
5,319 


348,  219 
288, 353 
397,  561 
602, 964 
592,  111: 
499, 163 
401. 664 
339,317 
313. 667 
279,  851 


33,997 
31,004 
31,684 
57, 351 
83,323 
85, 440 
50, 907 
36, 830 
31, 598 
25, 072 


WEST  VIRGINIA 


5,239 

2,928 

6.146 

2,773 

6.173 

2.873 

6,101 

2,477 

4,963 

1,900 

4,807 

962 

4.554 

1,290 

4,662 

1,726 

4.643 

1,870 

4,490 

2.246 

702,  212 
656, 932 
700. 698 
447, 840 
228, 123 
119,373 
223,  741 
430,  706 
510. 002 
640.  222 


67, 024 
61, 923 
59,  047 
27, 487 
16, 445 
7.915 
17,919 
29, 008 
34, 388 
53. 126 


6,996 
5,445 
5,757 
2,647 
1,586 
1,039 
2,465 
3,987 
4.728 
6,172 


32 

62 

135 

294 


6,996 
6,445 
5,757 
2,647 
1.686 
1,039 
2.497 
4.039 
4.863 
7,439 


1,826 
1,910 
1,843 
2,108 
2,608 
3,344 
2,831 
2,525 
2,328 
1,975 


173, 152 
170, 774 
162,  244 
203, 763 
277, 974 
258, 395 
205,  260 
187.118 
152,  547 
150, 628 


23, 073 
19, 964 
17,258 
21,  380 
38, 950 
37,  569 
26, 105 
16,991 
12, 825 
9,366 


WISCONSIN 


14  456 

8.567 

15,  393 

8, 828 

15, 836 

8,810 

16,  009 

6.777 

16.311 

5.199 

16,  203 

2,806 

15,  852 

3,422 

16.910 

4,659 

15,916 

6,087 

15,  793 

6,427 

2, 232, 947 

2.347.121 

2,  377,  121 

1,  .589, 177 

859, 406 

391,493 

718.  626 

1, 02.5. 696 

1, 273. 028 

1. 936.  018 


186, 
184, 
198. 
103, 
50, 
19, 
37. 
51, 
62, 
120. 


23,118 
20, 122 
19,928 
10,  921 
5,100 
»  2, 602 
5,201 
7.042 
8,552 
14,861 


155 
154 
294 
669 


23,118 
20, 122 
19.928 
10. 921 
5.100 
«  2. 602 
5.356 
7,196 
8,846 
19,  308 


4,172 
4,681 
6,079 
7,234 
9,067 
11,176 
10, 14" 
9.17 
8,600 
7,177 


437, 608 
408,  788 
449, 131 
730. 197 
904,  477 
829,  237 
531, 140 
614,  934 
616.960 
463.  980 


39.  756 
46, 955 
47. 430 
73. 340 
109. 487 
149,  785 
88, 324 
69,  613 
64, 133 
44. 068 


For  footnotes,  see  p.  135. 


STATISTICS   OF    INCOME 


135 


Table  8. — Corporations,  1927-36,  by  States  and  Territories:  number  of  returns, 
gross  income,  net  income  or  deficit,  inx^ome  tax,  excess-profits  tax  and  total  tax,  for 
returns  with  net  income  and  with  no  net  income  ^ — Continued 


[Money  figures  in 

tliousands  of  dollars] 

Total 
num- 
ber of 

re- 
turns ' 

Returns  with  net  income  • 

Returns  with  no  net  income* 

Year 

Num- 
ber 

Gross 
income ' 

Net 
income  * 

Income 
tax« 

Excess- 
profits 
tax « 

Total 
tax' 

Num- 
ber 

Gross 
income ' 

Deficit  * 

WYOMING 


1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
193fi 


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 

1,247 

553 

57,921! 
69, 951  i 
60, 881 
47, 049 
27, 804 
9,859 
14,800 
29, 056 
37,  844 
48, 187 


4,920 
5,737 
3,976 
3,066 
1,701 
528 
590 
1,413 
1,922 
2,757 


492 

4571 

262| 

203 

91 

59 

79! 

194 

264 

276 


492 

457 

262 

203 

91 

59 

80 

200 

277 

357 


413 
364 
450 
492 
634 
1,039 
879 
787 
715 
570 


22,990 
16,529 
20, 787 
22,  214 
28,814 
35, 317 
25, 870 
24,769 
23,007 
20, 417 


3,856 
2,678 
3,691 
3,991 
4,874 
6,350 
4,715 
5,105 
1,794 
1,829 


1  Changes  in  the  revenue  acts  affecting  the  comparability  of  statistical  data  from  income  tax  returns  of 
corporations  are  summarized  on  pp.  195-200.  The  classification  of  returns  into  those  "with  net  income" 
and  "'\ith  no  net  income"  is  based  on  the  amount  of  income  for  tax  computation.  For  1936  the  amount 
of  income  for  tax  computation  includes  dividend.s  received  on  stock  of  domestic  corporations  subject  to 
tax.ation  under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and  interest  received  on  cer- 
tain Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of  return),  and  excludes 
contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts)  and 
excess-profits  tax  (item  28,  p.  2  of  return). 

2  Includes  number  of  returns  of  inactive  corporations. 

'  For  1927-1931  gross  income  correspond.s  to  total  income  as  reported  on  face  of  return,  plus  "cost  of  goods 
sold,"  and  for  1932-1936,  gross  income  corresponds  to  total  income  as  reported  on  the  return,  plus  "cost 
of  goods  sold"  and  "cost  of  operations."  For  1934  and  1935  interest  on  Liberty  bonds,  etc.,  has  been  de- 
ducted from  gross  income,  as  this  item  was  not  included  in  gross  income  for  prior  years.  For  1936,  gross 
income  includes  interest  received  on  certain  Government  obligations  which  is  subject  to  the  excess-profits 
tax. 

*  For  1927-1935,  net  income  or  deficit  represents  the  amount  for  income  tax  computation.  For  1936,  net 
income  or  deficit  represents  the  amount  for  excess-profits  tax  computation  which  includes  dividends  received 
on  stock  of  domestic  corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  acts  and  interest 
received  on  certain  Government  obligations  subject  to  excess-profits  tax,  and  excludes  contributions  or 
gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contributions  or  gifts). 

« For  1936.  includes  income  tax  reported  on  returns  with  fiscal  year  ended  July  through  November  1936 
(and  returns  with  part  year  which  began  in  1935);  graduated  normal  tax.  and  flat  normal  tax  for  corpora- 
tions excempt  from  the  graduated  rates,  reported  on  returns  for  the  calendar  year  1936  and  for  fiscal  year 
or  part  year  ended  in  period  January  through  June  1937. 

e  The  excess-profits  tax  for  19.33  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  computa- 
tion of  the  excess-profits  tax.  (See  article  l(rf),  Treasury  Decision  4459,  "Regulations  relating  to  excess- 
profits  tax  imposed  bv  section  702  of  the  Revenue  Act  of  1934.") 

'  For  1936.  includes  surtax  on  undistributed  profits  reported  on  returns  for  the  calendar  year  1936  and  for 
fiscal  year  or  part  year  ended  in  period  January  through  June  1937. 

8  Revised.  Foi  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;  for  revised  figures  for  1932,  see  Statistics  of  Income  for  1933, 
p.  37. 


FREQUENCY  DISTRIBUTION 
OF  CORPORATION  RETURNS 

BY 
CERTAIN  BASIC  CLASSIFICATIONS 


137 


STATISTICS   OF   INCOME 


139 


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100-250 

250-500 

,500-750 

750-1.000... 

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ooc 

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> 
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a 
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2 

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fo  ^  cc  o  cc  »c  ec -H     1 

CM  OC  «C  CM  CS                   1 

CC  «^  CM  ^  ,.^ 

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C<500tDCMiOC^r-i 

1 

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a 

0 

100-2.50 

250-500 

500-750 

750-1,000 

1,000-2,500 - 

2.500-5.000 

<  u 

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11 
X° 

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c 

STATISTICS    OF   lis  COME 


147 


I    !  — 1    1    1    J    1    I.-1  CO 

lO 

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1      1      1      1      I      1      liO-*CC 

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00 

s 

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t^  iri  03  ^  CO  w  o  N  c^  ic      to 

-H  00  c:  ■*  o  w  m  CO -H           oo 

•^  —  —      —>                   to 

No  receipts 

Under  100 

100-250 - 

250-500 - 

500-750 

750-1,000.... 

1,000-2,500 - 

2,500-5,000 

5,000-10,000.... 

-"  CO  r»      ,-1 


iMtcto-^or^tOTii 


.-<IM(Nt^O^COwr-U3 

,-1  f-l  tc  t~  to  N 


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■-I  rt  ,-1  rt  cq  ,-1 


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CM  ^  00  CO  CO  •* 


O  C-1  t^  to  O:  O:  »0 


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,-HCMkCt^f-HC^»Ci-< 


148 


STATISTICS   OF   INCOME 


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No  receipts -. 

Under  100 

100-250 

250-500- 

500-750 

750-1,000 - - 

1,000-2,500... 

2,500-5,000 

5,000-10,000 

10,000  and  over 

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STATISTICS    OF    INCOME 


149 


«  i  1  1  ;  !  1  i  1  1 

« 

(M 

M 

r-    i-H ■    1 

00 

1 

^ 

cj    1    !   1   I   1    t   1    1    1 

(M 

^  i"  i  i  i  i  !  i  i 

" 

50 11'' 

to 

No  receipts 

tinder  100... 

100-250 

250-500 

POO-750.... 

750-1,000 

1,000-2,500 

2,500-5,000... 

5,000-10,000.. 

o 

S  B1 


a  5^ 

li   g   M 

o)  S  g 
5  «-2 


■  te-S 
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p.r  a 

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ofell 


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® !? 


•^^  u  cfl  V  w  a> 
r^  *^  X  CO  c        +J 

03  O  *j  ^  C  £ 


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S2.2sag« 

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■♦t*  T?  t>   frt  rj  J3   ,^ 

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0)  «  n  "  ©    -  m 

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T3  C  d  »  , 

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« ■-  O  ^  g  >-  „ 
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|^.£  oJg_2 

.225    ■" 


150 


STATISTICS    OF    INCOME 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups 


[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 

[I'^r  text  defining  certain  items  and  describing  returns  included,  see  pp.  1-8,  38-45] 


Net  income  or  deficit 
classes  i 


No  re- 
ceipts 


Total  receipts  classes  > 


Under 
100 


100-2.50 


250-500  500-750 


750- 
1,000 


1.000- 
2,500 


2.500- 
5,000 


5,000- 
10,000 


AGRICULTURE  AND  RELATED  INDUSTRIES— RETURNS  WITH  NET  TNrOME  ' 


Under  1 

46 
37 
32 
21 
19 
66 
55 
34 
31 
103 
73 
55 
19 
12 
4 
1 

t 

1 
4 

6" 

4 
4 
1 
5 
1 
3 

30 
23 
?6 

9 
12 
34 
23 
11 
14 
29 
15 

4 

8 
8 
11 
3 
3 

17 
10 
14 
12 
43 
17 
3 
2 

4 

1-2 

2-3 

3 

5 
4 

S 
3 
1 
9 
13 
13 

1 

3-4 

4-5 

5-10 

1 
3 

1 
1 

0 

10-15 

15-20 

20-25 

2 
5 
9 
7 
2 

1 
3 
2 
fi 
1 

25-50 

8 
11 
14 
11 

6 

1 
3 

4 
1 
5 
2 

50-100 

2 

1 

1 
2 

100-2,50 

250-500       

500-1.000.. 

1,000-5,000 

5,000  and  over...  .. 

1 

Total 

608 

39 

220 

157 

70 

29 

13 

55 

16 

8 

1 

AGRICULTURE  AND  RELATED  INDUSTRIES— RETURNS  WITH 
NO  NET  INCOME  i 


MINING  AND  QUARRYING— RETURNS  WITH  NET  INCOME  i 


Under  1... 

113 

68 

38 

45 

34 

114 

70 

47 

34 

81 

38 

13 

5 

2 

1 

21 
10 
8 
3 

18 
12 
5 
3 
10 

2 

69 

39 

26 

32 

22 

76 

39 

33 

20 

43 

11 

0 

2 

2 

1 

12 
13 

4 
3 
15 
12 
3 
4 
13 
8 
1 

5 
3 

1 

2 
3 

4 
4 
5 
6 
4 
1 
1 

2 
2 
1 
3 

T 

2 

1-2 

2-3 

3-4 -. 

1 

4-5..   ...      - 

6-10 

2 
3 
2 

10-15 

15-20 

20-25 

1 

1 
3 
2 

1 

25-50  ...  

50-100 

1 
2 

1 

100-250 

250-500 

1 

500-1,000 

1,000-5,000        

5,000  and  over 

Total 

703 

106 

424 

90 

41 

21 

7 

10 

4 

Under  1 

86 
53 
31 
34 
30 
127 
97 
81 
05 
223 
185 
189 
62 
49 
35 
7 

15 
1 
1 
2 
1 
8 
3 
3 
1 
4 
1 

1 

53 
34 
22 
22 
14 
49 
41 
29 
22 
54 
17 
2 
1 

6 

5 
3 
7 
31 
19 
19 
22 
56 
45 

5 
9 
1 
5 
4 

19 
12 
15 
8 
53 
51 
40 
3 

4 
1 
2 
-- 

9 
9 
3 
6 

21 
28 
31 

2 
1 

1 

1-2       .  . 

2-3 

3-4 

1 

6 

6 

1 

12 

20 

25 

6 

2 

1 
1 
4 
4 

4 
4 

18 
41 
31 
24 
3 

4-5 

1 

5-10     .     . 

10-15  -   . 

3 
2 
1 
1 
5 
13 
10 
11 
5 

15-20 

20-25 

25-50 

50-100 

100-250 

1 
3 
9 

8 

1 

250-500 

500-1 ,000 

i 

1,000-5,000        . 

2 

17 

5,000  and  over 

7 

. 

Total 

1,354 

45 

360 

247 

233 

123 

89 

157 

53 

21 

26 

For  footnotes,  see  p.  166. 


STATISTICS    OF   INCOME 


151 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollarsl 


Net  income  or  deficit 
classes  i 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes' 


Under 
100 


100-250 


250-500 


750- 
1.000 


1.000- 
2,500 


2,500- 
5,000 


5,000- 
10.000 


MINING  AND  QUARRYING— RETURNS  WITH  NO  NET  INCOME  i 


TOTAL  MANUFACTURING— RETURNS  WITH  NET  INCOME  ' 


Under  1... 

1-2                    

286 

111 

80 

55 

41 

195 

1.30 

72 

75 

209 

156 

111 

37 

16 

6 

121 
31 
20 

5 
SO 
19 
7 
2 

9 

11 
1 
1 

119 
59 
39 
35 
18 

104 
64 
32 
39 
81 
47 
22 
4 
1 

9 
10 
13 

4 

9 
24 
21 
10 
14 
46 
30 
12 

2 

14 
6 
6 

1 
4 
17 
17 
7 

12 
27 
26 
18 
4 
1 

9 

i" 

3- 

8 

1 

3 

3 

12 

15 

12 

2 

1 

5 
2 
1 
2 
1 
2 
2 

2 
5 

I, 

8 

1 
1 

6 
2 

2 

1 

1 

2-3 

3-4 

2 

6 
9 
2 

12 
15 
20 

14 
3 

1 

4-5 

1 
1 

5-10 

10-15 

15-20 

2 

1 
5 
4 
7 
2 
4 

20-25 

25-50 

4 

i' 

3 

1 

50-100           

1 

100-250     

250-500 

500-1,000 . 

4 
3 

1 ,000-5,000 

5 

Total 

1,  580 

285 

664 

204 

160 

70 

43 

101 

30 

in 

13 

Under  1 

276 

203 

196 

183 

164 

778 

750 

615 

584 

2,278 

2,320 

2,159 

944 

535 

451 

92 

2 
2 

1 

-- 

1 
1 
1 
6 

_- 

20 

8 

9 

9 

2 

32 

17 

8 

9 

11 

5 

3 

75 
32 
38 
26 
33 

116 
78 
65 
48 

123 

46 

12 

1 

88 

66 

54 

61 

51 

272 

260 

190 

170 

605 

352 

87 

8 

2 

44 

42 

46 

39 

32 

131 

155 

150 

147 

582 

544 

205 

16 

2 

19 

24 

14 

21 

22 

73 

87 

76 

69 

327 

404 

277 

39 

2 

25 

24 

29 

24 

21 

135 

128 

110 

116 

514 

791 

1,107 

343 

60 

8 

1 

4 

5 

2 

1 

9 

20 

15 

22 

88 

139 

349 

365 

186 

54 

1 

1 

1-2 

1 

2-3 

3-4 

1 
1 
5 
3 

4-5. 

1 

5-10 

1 

10-15. 

1 

15-20 

20-25 

20 
30 
98 
130 
189 
130 
1 

25-50- 

2 

60-100 

9 

100-250 

21 

250-500 

41 

500-1,000               .  .. 

94 

1,000-5,000 

259 

5,000  and  over 

91 

Total 

12,  528 

19 

133 

693 

2,266 

2.135 

1,454 

3,435 

1,260 

611 

522 

TOTAL  MANUFACTURING— RETURNS  WITH  NO  NET  INCOME  1 


Under  1 

353 
244 
178 
165 
164 
488 
349 
254 
189 
606 
384 
256 
90 
30 
25 

12 
11 

5 

3 

2 
12 
12 

4 

4 
19 

5 

.. 

1 

47 

27 
27 
2& 
17 
67 
63 
46 
23 
77 
33 
14 
3 
1 

80 
48 
39 
37 
39 
108 
59 
39 
44 
91 
45 
22 
3 

75 
59 
41 
45 
53 

121 
87 
53 
46 

128 

67 

35 

3 

62 
36 
28 
22 
19 
73 
43 
35 
21 
80 
49 
36 
1 
4 
1 

25 
24 
12 
11 
13 
34 
30 
28 
14 
50 
44 
22 
3 

48 
30 
21 
15 
18 
63 
38 
40 
28 
109 
95 
63 
30 
5 
3 

1 

5 

4 

2 

2 

6 

16 

8 

4 

34 

24 

36 

18 

7 

6 

3 

11 
12 
19 
19 
5 
3 

2 

1-2 

2-3 

1 

3-4 

1 

4-5.. _ 

5-10 

1 

10-15 

15-20 

20-25 

2 

25-50 

r 

50-100 

8 

100-250 

4 

250-500.     

10 

500-1,000 

7 

1,000-5,000 

1 

1 

9 

655 

Total 

3,775 

98 

473 

814 

510 

310 

606 

173 

84 

52 

For  footnotes,  see  p.  166. 


152 


STATISTICS    OF    INCOME 


Table  10. — Corporations,  19S6:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  i 


Appre- 
eate 


No  re- 
ceipts 


Total  receipts  classes  2 


Under 
100 


100-250 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


2,500- 
5,090 


5,000- 
10.000 


10,000 
and 
over 


MANUFACTURING:  FOOD  AND  KINDRED  PRODUCTS-RETURNS 
WITH  NET  INCOME  i 


Under  1 

42 

36 

33 

26 

17 

121 

116 

77 

84 

292 

288 

213 

85 

47 

45 

13 

1,535 

3 

4 
4 

1 

5 

4 

6 

5 

27 

31 

13 

18 

45 

18 

5 

2 

11 

6 
6 
4 

19 
17 
22 
14 
62 
46 
10 
2 

3 

4 

4 

3 

5 

10 

17 

8 

8 

42 

33 

15 

2 

11 

12 

9 

8 

3 

32 

29 

18 

21 

96 

130 

80 

18 

3 

1 
2 
3 
1 

1 

1-2 

2-3 

1 

2 
1 

3-4 

4-5... 

5-10 

5 
3 
2 
1 

19 
11 
9 
9 
20 
8 
2 

5 

6 

5 

11 

30 

36 

63 

29 

12 

3 

3 

1 

1 

10-15 

1 

15-20 

20-25 

2 
7 
11 
27 
16 
13 
3 

25-50 

50-100 

1 

5 

100-250 

11 

250-500 

16 

600-1.000  -. 

19 

1,000-5,000 . 

39 

6,000  and  over 

13 

Total .- 

1 

18 

94 

186 

216 

154 

470 

207 

83 

106 

MANUFACTURING:  FOOD  AND  KINDRED  PRODUCTS— RETURNS 
WITH  NO  NET  INCOME  1 


Under  1 

41 
28 
15 
17 
18 
70 
38 
35 
26 
62 
45 
25 
7 
1 
1 

.. 

6 
3 
1 

3 
2 
1 
3 
3 
14 
6 
2 
4 
6 
4 
1 
1 

8 
4 
7 
3 

13 

6 

10 
3 
2 

1 

1 
1 
2 
3 
14 
4 
9 
4 
5 
6 
1 

5 
6 
1 
3 
2 
5 
6 
5 
3 
2 
5 
2 

12 

3 
6 
4 
14 
5 
5 
3 
16 
12 
4 
2 

1-2 

2 

2 

2-3 

1 

3-4 

1 

4-5 

1 

i" 

2 

1 

7 
4 
6 

1 
6 

1 
1 

5-10 

10-15   

1 
5 
1 
2 
10 
8 
7 

2 



16-20 

1 
2 
3 
2 
5 
1 

20-25 

25-60 

4 

50-100 

2 

100-250 

250-500 

2 
2 

500-1,000 

1 

1,000-5,000      

1 

6,000  and  over 

Total 

429 

6 

36 

49 

76 

57 

45 

92 

36 

19 

13 

MANUFACTURING:  LIQUORS  AND  BEVERAGES  (ALCOHOLIC  AND  NONALCOHOLIC)— 
RETURNS  WITH  NET  INCOME  i 


Under  1 

10 
9 
6 
7 
fi 

28 
15 
13 
21 
72 
91 
126 
57 
36 
24 
3 

4 
3 
2 
1 
3 
7 
1 
1 
5 

3 
2 

2 
3 

2 

3 

1 
1 
1 

1 
2 
-- 

1-2 

2-3 

2 
2 

1 
2 

4 
3 
4 

19 
31 
66 
22 
9 

3-4 

4-6                .     -. 

1 
2 

1 
1 

1 

6-10 . 

1 
2 

12 
2 
3 
3 

17 
13 
8 
2 

2 
6 
2 
10 
14 
16 
17 
3 

2 

3" 

I 
22 
13 
10 

10-15 

15-20 

20-25 

J 

. 

2.5-50 

2 
5 
17 
16 
11 
6 

1 
1 
2 
4 

13 
6 

1 

50-100     

100-2,50 

1 

2.50-500 

500-1,000               

3 

1,000-5,000        

12 

6,000  and  over 

3 

27 

Total 

526 

1 

4 

39 

67 

76 

65 

165 

62 

21 

For  footnotes,  see  p.  166. 


STATISTICS    OF   INCOME 


153 


Table  10. — Corporations,  1936:  frequency  distribution  of  return  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  i 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes  > 


Under 
100 


100-250 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


2,500- 
5,000 


5,000- 
10.000 


10,000 
and 
over 


MANUFACTURING:  LIQUORS  AND  BEVERAGES  (ALCOHOLIC  AND  NONALCOHOLIC)— 
RETURNS  WITH  NO  NET  INCOME  i 


Under  1 

16 

7 

13 

8 

11 

14 

24 

16 

11 

33 

13 

22 

1 

1 
1 
1 

2 

1 
3 
2 

4 

2 
2 
4 
4 
4 
2 
4 
6 
3 
1 

3 
2 
.. 

2 

3 

8 
1 
8 
9 

3 

4 
1 
3 
1 
3 

3- 

1 

2 
5 
2 
3 

2' 
2 

1 

1 

1-2. 

2-3 

2 

1 

i' 

2 

1 
1 
3 

1 

6 

3-4 

4-5-. 

1 

5-10 

10-15 

1 
1 
2 

1 
1 
2 

9 
2 

5' 

._ 

1 

1 
1 

15-20 

20-25 

25-50 

2 

50-100 

100-250 

4 

1 

250-.500 

500-1,000 

1,000-5,000 

5,000  and  over 

Total 

189 

11 

26 

36 

40 

28 

18 

19 

10 

1 

MANUFACTURING:  TOBACCO  PRODUCTS— RETURNS  WITH  NET  INCOME  i 


Under  1 

2 

1 
1 
4 
1 
6 
4 
1 

1 
1 

1 

1-2-. 

2-3 

1 
1 

3-4 

1 

1 
1 

i" 

1 

4-5 

5-10 

2 

1 
2 

1 

2 

1 
1 

10-15.. 

15-20 

20-25 

25-50 

11 
3 
9 
6 
7 
7 
4 

1 
1 

2 

3 

4 

1 
2 
6 

1 

50-100 

100-250. 

1 

2 

1 
3 

250-500 

2 
3 
2 

2 

500-1,000 

1 

1,000-5,000 

5 

5,000  and  over 

4 

Total 

67 

6 

8 

8 

7 

13 

6 

7 

12 

MANUFACTURING:  TOBACCO  "PRODUCTS— RETURNS  WITH  NO  NET  INCOME' 


Under  1... 

. 

1-2 

2 

1 

1 

2-3 

3-4 

2 

1 

1 

1 

1 

4-5 

1 

5-10 

2 

1 

3 

10-15 _.-- 

15-20 

20-25 

25-50 

6 

1 

1 

3 

1 

50-100 

100-250 

2 

1 

1 

250-500 

.500-1,000 

1,000-5.000 

5,000  and  over 

Total ._ 

19 

1 

3 

5 

5 

3 

2 

For  footnotes,  see  d.  166. 


154 


STATISTICS    OF   INCOME 


Table  10. — Corporations,  1936:  jreqaency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

PVet  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
cla,sses  ' 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes  ' 


Under 
100 


100-250 


250-500 


500-750 


750- 
1,000 


1,000- 
iSOO 


2,500- 
5,000 


5,000- 
10,000 


10,000 
and 
over 


MANUFACTURING:  TEXTILE  MILL  PRODUCTS— RETURNS  WITH 
NET  INCOME  ' 


Under  1      .      

38 

17 

22 

18 

27 

89 

90 

78 

75 

287 

270 

229 

72 

55 

29 

2 

3 

1 

6 

1 
4 
1 
2 
5 

3 
3 
4 

18 

I 

4 
8 
22 
18 
13 
16 
56 
18 

7 
3 

R 
4 
24 
26 
19 
20 
69 
60 
9 

1 

3 

1 

3 

6 

11 

14 

17 

11 

53 

47 

20 

2 

3 

3 

4 

4 

6 

22 

21 

22 

21 

94 

116 

126 

18 

2 

1-2        

1 
1 

2-3       

3-4 

4-5     -. 

i" 

4 

4 

3 

9 

20 

58 

26 

14 

1 

1 
1 

5-10 - - 

3 

10-15 

15-20         

20-25     -.- 

i 

1 
j- 

25^50     

1 
6 
16 
20 

26 
7 

50-100 _. - 

2 

100-250 

250-500 

1 

5 

500-1  000 

14 

1,000-5,000 

21 

6  000  and  over 

2 

Total 

1,398 

1 

9 

36 

184 

254 

189 

462 

142 

77 

44 

MANUFACTURING:  TEXTILE  MILL  PRODUCTS— RETURNS  WITH 
NO  NET  INCOME  ' 


Under  1 

33 
30 
26 
16 
18 
58 
35 
30 
19 
92 
61 
43 
22 
3 
2 

1 

1 
1 

3 
3 

.. 

1 
2 
1 
1 
3 
4 
1 
2 
1 
11 
5 
2 
1 

7 
3 
2 
2 
1 
5 
3 

6' 

5 
3 
4 

9 

6 

6 

6 

4 

16 

9 

8 

1 

19 

16 

5 

7 

6 
3 
1 

6 
4 
4 
15 

5 

7 
1 

1 
5 
2 
2 
4 
7 
-- 

2 
11 
5 
2 
1 

7 
6 
5 
2 
5 
14 
9 
9 
4 

16 
21 
13 
5 
1 
1 

1-2                         .  . 

2-3                      

3 

3-4                   

4-5 

5-10 

3 
3 
2 

10-15.    

1 

15-20            

20-25 

1 

25-50 --- 

50-100     

9 
5 

5 
2 

1 

3 
1 
3 

8 

2 

100-250 

250-500 

- 

500-1 ,000 

1  000-5  000 

5,000  and  over      

Total 

488 

10 

36 

41 

104 

73 

47 

118 

40 

16 

4 

MANUFACTURING: 


CLOTHING  AND  APPAREL- 
NET  INCOME  1 


RETURNS  WITH 


Under  1 

10 

9 

15 

20 

15 

40 

48 

38 

36 

113 

89 

67 

21 

9 

,    5 

2 

2 
1 
3 
2 
3 
8 
10 
7 
4 
6 
1 

1 
3 
6 

5 
6 
8 

10 
7 
3 

14 

1 

2 
4 

1 
7 
3 
5 
8 
12 
8 

28 

13 

1 

1 

3 

1 

6 

4 

4 

19 

16 

12 

17 

53 

51 

35 

2 

1 

1-2                      

2-3 

3-4 

1 

1 

4-5 

6-10 

10-15 

3 

1 

16-20         .          

20-25 

1 

3 
11 
15 
22 
5 
1 

25-60 

1 

1 
8 
11 
5 

1 

60-100              

1 

100-250 

250-500                    .  - 

2 

500-1  000 

2 

1,000-5,000 

4 

5,000  and  over      .  . 

Total 

535 

8 

47 

70 

93 

223 

69 

27 

8 

For  footnotes,  see  p.  166. 


STATISTICS    OF    INCOME 


155 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  > 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes  2 


Under 
100 


250-501. 


750- 
1,000 


1,000- 
2,500 


2,500- 
5,000 


5.000- 
10.000 


10,000 
and 
over 


MANUFACTURING:  CLOTHING  AND  APPAREL— RETURNS  WITH 
NO  NET  INCOME  ■ 


Under  1      

7 
C 
6 
3 
2 
5 
6 
6 
2 
9 
6 
1 

1 

2 
-- 

4 
2 
2 
1 

1-2      

1 
1 

j- 

1 

2-3  

1 

3-4  

1 

4-5 .-. 

i 

1 
1 
2 
2 

5-10 

1 
1 

1 

1 
1 

2 
2 
3 

1 
3 
3 

10-15                       

15-20                        

20-25             

1 

25-50       

1 

2 
2 

2 

1 
1 

50-100 

100-250 

1 

250-500 

500-1,000 

1,000-5,000 

1 

1 

5,000  and  over  ..  . 

Total... 

60 

1 

1 

2 

12 

7 

9 

24 

3 

1 

MANUFACTURING:  LEATHER  AND  ITS  MANUFACTURES— RETURNS  WITH  NET 

INCOME  1 


Under  1 

5 

7 

3 

6 

8 

29 

24 

24 

17 

60 

6S 

47 

24 

8 

4 

1 

4 
2 
2 

3 
8 
6 
4 
3 

13 
9 

2 

1 
1 
1 
4 
3 
3 
4 

12 
8 
2 

1 
2 

1-2     ...        ..  

1 

2-3     

3-4 

2 
2 

4 
2 
8 
3 

1 

2 

6 

7 

9 

6 

23 

37 

25 

1 

4-5     . 

5-10 

2 

2 

1 
2 

10-15  . 

15-20 

2 
2 
3 
9 
14 
15 
2 

20-25     

25-50 

1 

50-100 

2 
6 
6 
2 
1 

100-250 

250-500 

2 

500-1,000 

i 

1,000-5,000 

3 

5.000  and  over 

1 

Total    - 

335 

2 

6 

36 

56 

41 

120 

47 

17 

10 

MANUFACTURING:  LEATHER  AND  ITS  MANUFACTURES— RETURNS  WITH  NO 

NET  INCOME  ' 


Under  1 

16 
10 
3 
4 
5 
8 
9 
5 

13 
13 
11 

2 

4 
2 

4 

4 

6 

1 
1 
1 

1-2 

1 

1 

1 

2-3 

1 
1 

-- 

3-4 

2 
2 
2 
2 
2 
3 
3 
2 
1 

4-5     .            

1 

1 

1 

1 
2 

1 

5-10 

.. 

3 
3 
2 
3 
6 
6 
2 

10-15  .... 

15-20 --  . 

1 

20-25 

1 

-- 

5 

3" 

1 

25-50 - 

1 
2" 

50-100 

1 

100-250     - 

1 

250-500.   - 

500-1,000 

1,000-5,000 

1 

1 

5.000  and  over 

105 

2 

4 

21 

5 

2 

Total 

4 

19 

14 

34 

For  footnotes,  see  p.  166. 


156 


STATISTICS   ( 


Table    10. — Corporations,    1936:  frequern 
sheets  showing  total  assets  of  $250,000  c 
cross  classified  by  total  receipts  classes,  i 
net  income  and  by  major  industrial  grou] 


dd 


returns  with  balance 
acome  or  deficit  classes, 
net  income  and  with  no 


[Net  income  or  deficit  classes  and  total 

ret 

.jes 

in  thousands  of  dollars] 

Aggre- 
gate 

No  re- 
ceipts 

Total  receipts  clabses  2 

Net  income  or  deficit 
classes  1 

TJtjder 
100 

100-250 

250-500 

500-750 

750- 
1,000 

1,000- 
2,500 

2,500- 
5,000 

5,000- 
10,000 

10,000 
and 
over 

MANUFACTURING:  RUBBER  PRODUCTS- RETURNS  WITH  NET  INCOME  1 


Under  1 

2 

1 

1 

1-2           

2  3 

2 
3 
1 

6 

4 

7 

6 

18 

31 

29 

20 

9 

7 

2 

1 

3- 

1 

i' 

2 
2 
2 

5 
1 

1 

3-4 

4-5 

5-10 

2 

2 

1 
4 
1 

10 
8 
3 

1 

-- 

2 
5 
2 

1 

i 

2 

1 
1 
2 

12 

16 
4 

10-15 

15-20            

20-25                

1 

25-50 

1 
1 
4 
9 
3 

1 

50-100 

100-250 

3 

3 
2 

2 

250  500 

3 

500-1,000 

1  000  5  000 

4 

5 

5,000-and  over 

2 

Total 

147 

4 

18 

30 

12 

40 

18 

11 

14 

MANUFACTURING:  RUBBER  PRODUCTS- RETURNS  WITH  NO  NET  INCOME  ' 


Under  1 

6 
2 
2 
1 
1 
5 
6 
3 
2 
4 
3 
3 
1 

2 

2 
1 

2 

1  2 

1 
2 

2-3 

3-4 

1 
1 

4-5 

5-10 

1 

2 
1 

2 
1 

1 

10-15 

2 

2 

15-20 

2 

20-25 

1 

i 

25-50 

2 
1 

1 

1 

50-100 

1 

-- 

1 

100  250 

250-500 

1 

500-1,000 

1  000-5  000 

5  000  and  over 

2 

Total 

39 

5 

7 

4 

6 

6 

8 

1 

MANUFACTURING:  FOREST  PRODUCTS- RETURNS  WITH  NET  INCOME  i 


Under  1 

33 

18 

26 

19 

12 

86 

65 

56 

49 

211 

153 

109 

33 

9 

4 

1 

S84 

1 

1 

13 
3 
6 
5 
4 

10 
3 
3 
2 
7 
1 

15 

8 

13 

8 

7 

33 

38 

26 

17 

75 

19 

2 

1 
4 
4 
2 
....... 

12 
17 
19 
63 
41 
10 
1 

1 
2 

2 
1 

10 
5 
5 
5 

29 

;i6 

15 
3 

1 

1-2 

1 
2 
2 

2-3 

1 

3-4 

4-5 

5-10              -  -       

2 
1 

7 

11 
6 
5 
4 
32 
48 
60 
10 
3 

10-15 

15-20 

20-25 

2 

2 

2 

1 

25-50  

2 

5 
19 
13 

1 
1 

r 

2 
6 
4 

1 

1 

50-100           ..     

100-250           

250-500 

500-1  000 

1  000-5  000 

2 

I 

TotaL... 

6 

13 

57 

261 

188 

115 

184 

42 

14 

4 

For  footnotes,  see  p.  166. 


OF   INCOME 


157 


Table    10. — Corpora- 
sheets  showing  totav 
cross  classified  by  tot. 
net  income  and  by  viajo, 


/^ency  distribution  of  returns  with  balance 
^W  and  over  by  net  income  or  deficit  classes, 
■i,es,  by  returns  with  net  income  and  with  no 
;^j:oups — Continued 


[Net  income  or  deficit  cl 

"., 

.   .tal 

J' 

receipts  classes 

in  thousands  of  dollars] 

Aggre- 
gate 

No  re- 
ceipts 

Total  receipts  classes ' 

Ket  income  or  deficit 
classes  ' 

Under 
100 

100-250 

250-500 

500-750 

750- 
1,000 

1,000- 
2,500 

2,500- 
5,000 

5,000- 
10,000 

10,000 
and 
over 

MANUFACTURING:  FOREST  PRODUCTS— RETURNS  WITH  NO  NET  INCOME  » 


Under  1 

47 
26 
26 
17 
19 
54 
56 
29 
26 
72 
45 
26 
8 
6 

1 
2 
.- 

3- 

2 

1 
1 
4 

9 
5 
5 
3 
2 
7 

15 
1 
9 

11 
4 
4 

14 

7 

10 

6 

8 

16 

11 

6 

5 

16 

7 

5 

1 

13 
8 
6 
2 

14 
12 
9 
3 

18 

14 

4 

1 

5 
2 
2 
1 
2 
8 
2 
4 
2 
6 
5 
2 

2 
-- 

2 

3 
2 
2 
2 

1-2 _. 

2-3 

3-4 

4-5 

5-10 

2 
6 

4 
1 
7 
5 

1 

4 
6 
3 
4 
9 
9 
5 
2 
2 

10-15 

2 

1 

i" 

2 
3 
2 

15-20         .  . 

20-25 

1 
1 

25-50       

50-100 

100-250     

2 

1 

250-500  

500-1,000      

1 

1 

1,000-5,000     

5,000  and  over 

457 

111 

41 

Total 

17 

76 

112 

31 

53 

11 

8 

MANUFACTURING:  PAPER,  PULP,  AND  PRODUCTS— RETURNS  WITH  NET*  INCOME* 


Under  1 

7 
6 
9 
8 
4 

27 
45 
22 
31 
86 
107 
120 
52 
26 
21 
1 

572 

1 

1 

3 

2 

3 

3 

1 

10 

12 

7 

6 

23 

12 

4 

1 
3 
1 
3 

5- 

15 

5 
14 
24 
26 

9 

1 

1 

3 

1 

1 

3 

9 

5 

5 

12 

25 

12 

1 

1-2 

2-3 

2 

3-4 

1 

4-5 

2 
3 

1 

5-10 

6 

4 

5 

5 

24 

41 

73 

11 

2 

10-15 

1 

2 

1 

15-20 

20-25 

1 
1 
1 

25-50  ...     

1 

1 
1 
16 
32 
6 
3 

50-100.. 

1 
4 

8 

14 

7 

100-250 

3 

2'i0-500 

500-1,000 

4 

1,000-5,000 

11 

5,000  and  over 

1 

2 

1 

12 

86 

61 

35 

Total 

106 

79 

172 

18 

MANUFACTURING:  PAPER,  PULP,  AND  PRODUCTS- RETURNS  WITH  NO  NET 

INCOME  J 


Under  1     

8 
6 
7 
7 

17 
18 
12 
9 
8 
28 
21 
12 
4 
3 
2 

3 

1 
1 

-- 

3 
2 

1 
1 
4 
1 

3 
-- 

3 

7 
7 
3 
-- 

8 
2 

1 
1 
2 
1 

1 
3 
3 
1 
2 
3 
4 
2 

2 
2 
1 
2 
1 
3 
2 
2 

1 
2 
2 
1 
4 
3 
1 
1 

1-2 

1 

1 
1 

_. 

1 

2-3 

3-4 

4-5     . 

1 

5-10 

10-15 

2 
4 

15-20 

20-25 

25-50 

2 

6 
11 
4 

1 

2 
3" 

50-100 

1 

100-250 

1 

250-500 

3 

1 
1 

500-1,000 

3 

1,000-5,000 

1 

5,000  and  over 

162 

Total... 

3 

10 

19 

38 

24 

15 

37 

7 

6 

3 

For  footnotes,  see  p.  166. 
114338—39 11 


158 


STATISTICS   OF   INCOME 


Table  10.- — Corporations,  19S6:  frequency  distrihidion  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  netin  come  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


lAggre- 
eate 


No  re- 
ceipts 


Total  receipts  classes  2 


Under 
100 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


2,500- 
5.000 


5,000- 
10,000 


10,000 
and 
over 


MANUFACTURING:    PRINTING,  PUBLISHING,  AND  ALLIED  INDUSTRIES— RETURNS 

WITH  NET  INCOME  i 


Under  1     

22 
16 
8 
11 
12 
55 
73 
51 
28 
189 
195 
156 
64 
32 
27 
3 

7 
3 

i 

2 
11 
13 
7 
5 
26 
6 
4 

8 

6 

2 

5 

5 

27 

35 

21 

11 

78 

66 

15 

1 

4 
2 
3 
3 

2 
7 

12 
12 
7 
48 
55 
24 

i' 

2 

1 
1 

1 
3 

1 

1-2       

.,_..-- 

1 

1 
2 
1 
2 
2 
2 

2-3       - 

3-4        

4-5        --- 

2 
3 
5 
5 
3 
13 
29 
32 
3 

5-10 

4 

6 

4 

2 

17 

33 

69 

27 

2 

4 

10-15 

15-20 

20-25 

25-50  

1 

5 
6 
10 
25 
13 
4 

1 

50-100                -.     

100-250         

2 
8 
12 
14 

250-500       -.         

500-1,000    

4 

1,000-5  000 

5 

5,000  and  over 

3 

Total 

942 

1 

12 

85 

280 

180 

99 

173 

63 

37 

12 

MANUFACTURING:  PRINTING,  PUBLISHING,  AND  ALLIED  INDUSTRIES— RETURNS 

WITH  NO  NET  INCOME  i 


Under  1          

31 
26 

9 
13 
11 
30 
23 
12 

7 
29 
16 
14 
10 

2 

1 

2 

2 
2 

9 
10 

5 
4 
4 
8 
5 
7 
9 
2 

9 
1 
1 
1 

8 
6 
3 
2 

1 
2 

4 
2 

1 

1-2      

2-3       

3-4 

3 
2 
12 
6 
2 
1 
6 
2 

4-5 

2 

1 

3 

1 
2 
1 
1 
3 
4 
5 
3 
5 

5-10 

4 
6 
3 

2 

9 
2 
3 
-. 

3 

1 
1 

2 
3 

1 

10-15           

15-20          - 

20-25         .-       

25-50       .  . 

50-100 

1 

.- 

1 
2 
2 

1 
1 

i 

1 
1 

1 

100-250     

250-500       -              .  - 

500-1,000 

1.000-5,000 

5,000  and  over     

Total 

234 

7 

9 

53 

56 

49 

17 

32 

7 

3 

1 

MANUFACTURING:  CHEMICALS  AND  ALLIED  PRODUCTS— RETURNS  WITH  NET 

INCOME  1 


Under  1        .    .    .. 

25 

9 

19 

4 

10 

46 

41 

39 

39 

183 

163 

172 

91 

62 

62 

10 

6 

7 
3 
5 
1 
2 
7 
5 
7 
5 
13 
5 
2 

4 
4 
4 
2 
5 

15 
13 
14 
15 
50 
31 
18 
1 
1 

3 
2 

5 

2 

3 

1-2        

2-3        ---     

2 
1 

3 

3-4 

4-5 

1 
5 
11 
7 

10 
61 
49 
21 
3 
1 

-- 

4 

3 

3 

20 
23 
36 

9 

1 

2 

8 
6 
4 
3 
29 
47 
80 
40 
11 
1 

5-10 

1 

5 
2 
3 
2 
4 

10-15              

1,5-20       ..     

20-25 

25-50       

5 
7 
11 
28 
22 
8 

1 
1 
4 
8 

19 
18 

50-100     

100-250     

25O-,500         --       

1 

1 

500-1,000    

7 

1,000-5.000 

35 

5,000  and  over 

10 

Total 

975 

3 

25 

62 

177 

179 

107 

237 

81 

51 

63 

For  footnotes,  see  p.  166. 


STATISTICS    OF   INCOME 


159 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  inccme  or  deficit 
classes  ' 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes ' 


Under 
100 


100-250 


500-750 


-r.o- 

1,000 


1.000- 
2,500 


2,500- 
5,000 


5.000- 
10,000 


10,000 
and 
over 


MANUFACTURING:  CHEMICALS  AND  ALLIED  PRODUCTS— RETURNS  WITH  NO  NET 

INCOME  1 


Under  l     

26 

10 

7 

9 

15 

22 

19 

16 

10 

30 

•    12 

13 

3 

2 

1 

-- 

6 
2 
2 
3 
4 
6 
4 
6 
1 
7 

7 
2 
_. 

2 

2 
4 
2 
8 
2 
1 

6 
3 
3 
1 
4 
4 
3 
1 
4 
6 

2 

3 
1 
1 
3 
2 
2 
3 
4 

._ 

1 

.. 

1 
1 
6 
1 
2 
3 
2 

2 
2 
1 

1 

1-2 

2-3 

3-4 

4-5  

2 
2 

1 

5-10  

10-15 

15-20  

20-25 

1 
4 
5 
4 
3 

25-50 

3 

1 
2 
2 

50-100       .-, . 

100-250       

1 

250-500     

500-1,000      .. 

1 
1 

1,000-5,000 

1 

5,000  and  over    ^. 

Total 

195 

2 

41 

38 

37 

22 

18 

27 

3 

6 

1 

MANUFACTURING:  PETROLEUM  AND  OTHER  MINERAL  OIL  PRODUCTS— RETURNS 

WITH  NET  INCOME  i 


Under  1 

1-2 

1 

1 

5 

1 

6 

2 

10 

5 

21 

26 

40 

13 

16 

15 

11 

1 

2-3 

1 

3-4 

1 

1 

3 

4-5 

1 
1 

5-10 

1 
1 

1 

3 

1 
6 
3 
7 
9 
12 
3 
1 

10-15 

15-20_.    

1 
2 
2 
3 
4 

2 

1 

20-25 

25-50 

2 
2 

2 
7 
3 

3 

1 
3 

4 
3 

10 
5 
3 

1 
1 

6 
3 
6 
1 

50-100 

100-250 

2 

250-500           

2 

500-1,000        

6 

1,000-5,000 

14 

5,000  and  over 

11 

Total     — - 

173 

1 

7 

17 

14 

9 

46 

26 

18 

35 

MANUFACTURING:  PETROLEUM  AND  OTHER  MINERAL  OIL  PRODUCTS— RETURNS 

WITH  NO  NET  INCOME  ' 


Under  1 _ 

2 
2 
2 
3 
2 
8 
2 
1 
3 
19 
13 
4 
5 
2 
4 

1 

1 

1-2 

1 

1 

1 

2-3 

1 

3-4 

2 

1 

4-5         

1 
1 

1 

5-10 

1 
1 

1 
1 
1 

1 

3 

1 

10-15 

1.5-20 

20-25 

1 
1 

1 

3 

1 
1 

1 
2 
3 

25-50   

1 

1 
1 

6 
2 

3 

1 
1 
1 

2 
1 

1 

50-100 

3 

100-2,50 

1 

250-500 

1 

3 

500-1,000 

2 

1,000-5,000 

4 

5,000  and  over 

Total 

72 

4 

8 

5 

6 

5 

8 

10 

7 

6 

13 

For  footnotes,  see  p.  166. 


160 


STATISTICS    OF    INCOME 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes  2 


Under 
100 


100-250 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


2,590- 
5.000 


5,000- 
10,000 


10,000 
and 
over 


MANUFACTURING:   STONE,    CLAY,   AND    GLASS   PRODUCTS— RETURNS   WITH   NET 

INCOME  1 


Under  1      

16 

15 

9 

6 

7 

36 

25 

26 

20 

91 

103 

87 

33 

16 

18 

5 

3 
3 

7 
3 
2 
2 
2 
12 
4 

2 
12 
4 

4 
6 
5 
2 
2 

17 
9 

13 

41 

24 
4 

1 

1 
2 

1 

1 

1-2    - 

1 
1 

2-3 

3-4 

2 

4-5 

3 
3 
3 

1 
4 
17 
28 
12 
1 

5-10 

2 

1 
1 

-- 

2 
....... 

17 
15 

2 
4 

2 

10 
26 
49 
17 
4 
1 

10-15  

15-20  

20-25 - -.. 

25-50 

1 
4 

5 
11 

7 
4 

50-100 

100-250 

1 

3 
4 
6 

1 

250-500                  

500-1,000 

1 

1,000-5,000 

7 

5,000  and  over 

5 

Total     

513 

13 

57 

135 

76 

49 

124 

32 

13 

14 

MANUFACTURING:  STONE,  CLAY,  AND  GLASS  PRODUCTS— RETURNS  WITH  NO  NET 

INCOME  1 


Under  1 

19 

14 

11 

8 

14 

40 

24 

12 

16 

40 

20 

15 

2 

2 

1 

2 

1 

1 

. 
-- 

2 

2 
2 
1 
1 

14 
7 
2 
5 

10 
2 

6 
4 
6 
6 
7 

10 
9 
4 
7 

11 

3 

2 
6 

1 

4 

1 
1 

2 

1 

1-2 

2-3 

3-4 

1 

4-5                

5 
9 
7 
3 
3 
6 
4 
2 

1 
3 

5-10 

2 

2 

10-15 

15-20 

6 
1 
3 

2 

1 

20-25 

25-50 

1 
1 

1 

2 
2 
5 

1 
3 
1 
2 

1 

50-100     

100-250 

250-500 

500-1,000 

i 

1 

1,000-  5,000 

1 

Total. 

238 

7 

48 

80 

48 

22 

9 

14 

9 

1 

MANUFACTURING:  METAL  AND  ITS  PRODUCTS— RETURNS  WITH  NET  INCOME  > 


Under  1.  

52 
49 
37 
36 
34 
161 
163 
137 
149 
537 
625 
621 
310 
170 
144 
28 

2" 

3 
3 
4 
2 
1 
5 
5 

20 
11 
10 
8 
15 
28 
25 
19 
13 
25 
11 
1 
1 

19 

17 

11 

15 

7 

76 

68 

52 

59 

169 

125 

22 

4 
10 
8 
8 
7 
21 
26 
37 
34 
159 
165 
78 
4 

4 

3 

3 

1 

1 

13 

15 

12 

16 

80 

121 

90 

7 

1 
1 
1 
1 
3 

16 

19 

15 

21 

86 

171 

334 

145 

17 

2 

-. 

1-2 

1 

2-3                           

3-4 

4-5 

5-10 

-- 

2 
3 
10 
26 
78 
120 
77 
19 

10-15           

15-20       

20-25 

.. 

3 
3 

1 

25-50 

15 
26 
56 
51 

60-100 

1 

100-250 

3 

250-500                  -  .. 

7 

600-1,000 

19 

1,000-5,000 

72 

6,000  and  over 

27 

Total 

3,253 

4 

30 

187 

641 

561 

366 

833 

341 

160 

130 

For  footnotes,  see  p.  166. 


STATISTICS   OF   INCOME 


161 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  i 


Aggre- 
gate 


No  re- 
(sipts 


Total  receipts  classes ' 


Under 
100 


100-250 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


2,500- 
5,000 


5.000- 
10,000 


10,000 
and 
over 


MANUFACTURING:  METAL  AND  ITS  PRODUCTS— RETURNS  WITH  NO  NET  INCOME 


Under  1 

82 
64 
35 
49 
27 

119 
73 
62 
45 

120 

91 

48 

18 

6 

7 

3 
2 

3 

1 

14 

6 

8 

11 

1 

19 
17 
16 
5 
20 
14 
3 

21 
13 

9 
12 

5 
30 
11 
11 
11 
18 
11 

4 

22 
22 

^l 

u 

26 
22 
11 
16 
23 
16 
12 

10 

10 

6 

7 

5 

20 

9 

7 

2 

21 

13 

6 

5 
4 
2 
2 
2 
8 
5 
4 
1 
8 
11 
6 

5 

6 

1 

2 

2 

12 

6 

12 

7 

21 

14 

12 

9 

1 

1 

2 

1-2          - 

1 

2-3 

3-4  

1 

4-5 

6-10 

2 

1 
1 

4 
5 
2 

5 
1 
2 

1 

10-15 

16-20. 

20-25. 

-- 

2 
2 
3 
1 

1 

25-50 

1 

50-100 

3 

100-250     

250-500 

2 

500-1,000 

i 

1,000-5,000 

1 

3 

6,000  and  over 

Total 

846 

20 

134 

157 

203 

117 

58 

111 

24 

11 

11 

MANUFACTURING:  MOTOR    VEHICLES,    COMPLETE    OR    PARTS— RETURNS   WITH 

NET  INCOME  i 


Under  1           

3 
1 

2 

1 
1 

1-2    .           

2-3          

3-4 

2 

1 

3 

1 

8 

5 

17 

15 

39 

14 

13 

16 

6 

1 

1 

4-5 

1 
2 

5-10 

1 

10-15 

1 

15-20                        .     - 

1 
1 

2 
1 
4 
2 

2 
1 
C 
3 

1 

1 
3 
3 
2 

3 

1 
4 
7 
23 
5 
2 

20-25         

25-50  

1 

50-100 

100-250 

10 
6 
2 

2 
2 
4 
3 

1 

250-500                  -     . 

1 

500-1,000     

a 

1,000-5,000      

13 

6,000  and  over 

6 

Total 

144 

3 

14 

14 

9 

46 

19 

13 

20 

MANUFACTURING:  MOTOR  VEHICLES,  COMPLETE  OR  PARTS— RETURNS  WITH  NO 

NET  INCOME  i 


Under  1 

5 
2 

1 

1 
1 

.. 

3 

1-2 

2-3 

3-4 

4-5 

2 

7 
5 
4 
1 

11 
5 
8 
2 
2 
4 

2 

1 
2 
1 

5-10 

2 
1 

1 

2 
1 
.. 

4 

1 

1 

10-15 

1 

15-20 

1 

1 

20-25 

25-50 

2 

i 
1 
1 

1 

1 
2 

1 
1 

1 

2 
2 

1 

50-100 

100-250           

1 

1 

250-500 

1 

1 

600-1,000 

i 

1 

1 

1  000-5  OOO" 

1 

1 

1 

Total 

58 

3 

6 

11 

11 

9 

4 

5 

3 

1 

S 

For  footnotes,  see  p.  166. 


162 


STATISTICS    OF    INCOME 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  7najor  industrial  groups — Continued 


[Net  income  or  deficit  classes  and  total  receipts 

classes 

in  thousands  of  dollars] 

A  ggre- 
gate 

No  re- 
ceipts 

Total  receipts  classes  2 

Net  income  or  defloit 
classes  ' 

Under 
100 

100-250 

250-500 

500-750 

750- 
1,000 

1,000- 
2.500 

2,500- 
5,000 

5,000- 
10.000 

10,000 
and 
over 

MANUFACTURING: 


MANUFACTURING    NOT    ELSEWHERE    CLASSIFIED— RETURNS 
WITH  NET  INCOME  1 


Under  1 

9 

9 

6 

8 

8 

39 

34 

28 

16 

90 

93 

95 

49 

20 

23 

2 

1 

1 

1 
1 
2 
1 
7 
3 
6 

5 
5 
4 
3 
4 
14 
14 
11 
7 
27 
12 
3 

1 

1 
1 
2 
2 
14 
10 
9 

28 

24 

7 

2 

1 
2 

1-2 

2-3 

3-4 

1 
1 
2 
3 

1 
2 

21 
19 

4-5 

5-10 

2 
2 
1 

10-15 

1 

1 

15-20 

20-25 

25-50 

2 

4 
3 
1 

17 
30 
53 
19 
3 

4 

1 

10 

24 

9 

5 

7 

50-100 

1 

100-250 

250-500 ... 

1 

500-1,000 

1 

1,000-5,000 

11 

5,000  and  over 

2 



5 

30 

Total 

529 

109 

108 

60 

127 

54 

21 

15 

MANUFACTURING:  MANUFACTURING    NOT    ELSEWHERE     CLASSIFIED— RETURNS 

WITH  NO  NET  INCOME  i 


Under  1 

14 

9 

16 

8 

1 

25 

16 

14 

6 

38 

20 

9 

7 

1 

1 

1 

1 
2 
4 
3 

2 
2 
6 
1 
1 
4 
2 
4 
2 
7 
4 
2 
1 

2 
2 
3 
4 

6 

1 

1 

1 

2 

1-2 

2-3 

1 

3-4 

4-5 

5-10 

1 

6 
2 
4 

7 
4 
2 
1 
12 
4 
1 

5 
3 
1 
1 
3 
4 
1 

__ 

i 
4 
1 
1 
1 

2 
1 

1 
1 

6 
1 
3 
2 

1 

2 
1 

10-15 

15-20 

20-25 

25-50 

1 

5 
6 

50-100_ 

100-250 

1 
2 

1 

250-500 

1 

500-l,0f0 

1,000-5,000 

5,000  and  over 

184 

5 

Total 

33 

38 

42 

26 

11 

19 

5 

4 

1 

CONSTRUCTION— RETURNS  WITH  NET  INCOME  1 


Under  1.. 

39 
34 
30 
18 
27 
85 
63 
37 
42 
109 
98 
62 
24 
12 
6 

4 
-- 

i 

3 

2 
1 
-- 

3 

6 

8 
9 
4 
3 

16 
10 
5 
5 

10 
8 
1 

10 

10 
5 
6 
7 
14 
15 
3 
7 
13 
11 
8 

12 

7 

4 
6 
23 
11 
14 
10 
20 
14 
9 
4 

4 

7 
5 
-- 

11 
10 

5 

fi 
24 
22 

4 

1 

_- 

-- 

2 
10 
9 
2 
2 
8 
9 
6 
1 

2 

1 

2 

2 

4 

7 

8 

6 

9 

28 

25 

25 

9 

2 

1 

1-2 

2-3 

3-4 

4-5 

5-10 

1 

10-15 

15-20 

20-25 

2 
4 
8 
5 
5 
5 
2 

25-50 

2 

50-100 

100-250 

1 
2 
5 
2 

250-500 

2 

500-1,000.... 

1,000-5,000. 

2 

5,000  and  over 

17 

85 

Tot:ll  .  . 

686 

109 

141 

103 

52 

130 

32 

12 

5 

For  footnotes,  see  p.  166. 


STATISTICS    OF   INCOME 


163 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes  2 


Under 
100 


100-250 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


5,000- 
5,000  L  10,000 


10,000 
and 
over 


CONSTRUCTION— RETURNS  WITH  NO  NET  INCOME  1 


Under  1 

46 
37 
16 

17 

16 

48 

40 

29 

24 

54 

30 

25 

4 

3 

1 

8 
13 
2 
1 
1 
10 
3 
4 
8 
7 
4 
3 

17 

7 

4 

5 

8 

14 

13 

10 

3 

15 

5 

4 

1 

1 

8 
5 
5 
4 
1 

10 
7 
6 
3 

11 
5 
4 
1 

9 

8 
1 
4 
2 
5 
9 
5 
5 
9 
5 

3 

1 
1 
2 

1 
2 

1 

4' 

6 
.- 

1 

.. 

5 
1 
2 

-- 

3 
4 

1-2 

3 
3 
1 
1 
2 
5 
2 
1 
2 
6 
4 
2 

2-3 

3-4 

4-5 

1 

5-10 

10-15 

1 

15-20                    ...     . 

20-25            

25-50 

2 

50-100 

100-250 

250-500 

1 
4 

1 

500-1,000 

1 

1 

1,000-5,000 

1 

Total 

390 

64 

107 

70 

62 

22 

20 

32 

4 

5 

4 

TRANSPORTATION   AND    OTHER   PUBLIC   UTILITIES— RETURNS   WITH   NET 

INCOME  1 


Under  1 

78 

60 

49 

41 

36 

182 

178 

150 

139 

400 

407 

357 

183 

132 

145 

46 

10 
2 
1 

-- 

1 
3 
3 
3 

1 
1 
.. 

39 
20 
27 
26 
19 
93 
86 
57 
49 
81 
21 
2 
1 

18 

16 

10 

7 

12 

50 

56 

51 

47 

163 

112 

32 

1 

7 
6 
3 
6 

""22" 
16 
14 
20 
73 
135 
65 
18 
2 

3 
3 
3 
1 

4 

6 

8 

9 

7 

37 

47 

68 

18 

2 

-- 

1 
._ 

4 

3 

8 

8 
19 
29 
53 
18 
11 

1 

1-2 

1 

2-3                 

2 
1 

2 

3-4             

4-5              

6-10 

10-15 

4 

5 

6 

3 

21 

45 

100 

82 

36 

8 

3' 

2 

1 
2 
7 
24 
27 
42 
25 

1 

15-20 

20-25 

5" 
10 

8 
28 
47 

3 

1 

25-50 

50-100 

100-250 

1 
5 
2 

250-500 

10 

600-1,000         

10 

1,000-5  000 

65 

5,000  and  over 

43 

Total         .... 

2,573 

28 

521 

575 

387 

216 

157 

314 

135 

102 

138 

TRANSPORTATION   AND   OTHER  PUBLIC   UTILITIES— RETURNS  WITH  NO   NET 

INCOME  1 


Under  1 

202 

61 

62 

42 

51 

193 

116 

88 

81 

198 

156 

135 

54 

37 

49 

10 

23 
4 
9 
2 
3 

6 
2 
3 

4 
8 
6 

1 
1 
1 

117 
32 
26 
20 
28 
87 
58 
34 
38 
59 
26 
11 
1 

39 
10 
14 
11 
10 
52 
28 
28 
21 
49 
33 
20 
5 
1 

12 

4 

6 

8 

5 

24 

9 

8 

7 

39 

34 

20 

2 

2 

2 

1 
3 
4 
.- 

8 

6 

4 

4 
17 
15 
11 

3 

2 

1 
-. 

1 

4 

2 

5 

3 

9 
11 
11 

4 

6 
3 

1 

2 
4 
1 

1-2 

2-3 

1 

3-4 

4-5 

5-10 

10-15 

15-20 

2 
6 
4 
6 
2 
14 
19 
26 
13 

2 

i' 

1 

6 
6 
21 
12 
8 
4 

1 
2 
3 

2 

20-25                     .     . 

2 

1 
2 
4 
7 
8 
13 
1 

25-50     

60-100 

2 

100-250 

5 

250-500 

6 

500-1,000 

10 

1,000-5,000 

2 

1 

24 

5,000  and  over 

9 

Total ._ 

1,535 

80 

537 

321 

182 

79 

55 

111 

67 

45 

58 

For  footnotes,  see  p.  166. 


164 


STATISTICS   OF   INCOME 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes ' 


Aggre- 


No  re- 
ceipts 


Total  receipts  classes  2 


Under 

100 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


2,500- 
5,000 


5,000- 
10,000 


10,000 
and 
over 


TRADE— RETURNS  WITH  NET  INCOME  ' 


TRADE— RETURNS  WITH  NO  NET  INCOME  ' 


Under! 

214 
186 
168 
165 
163 
722 
667 
554 
536 
1,646 
1,193 
788 
266 
121 
97 
13 

1 
2 

.. 

.. 

1 
1 

20 
17 
5 
7 

10 
16 
19 
6 
15 
24 
7 
4 

32 
19 
24 
19 
21 
71 
40 
37 
28 
59 
33 
9 

41 

59 
30 
44 
38 
183 
169 
117 
103 
222 
52 
16 
3 

28 

36 

37 

30 

33 

146 

121 

119 

118 

292 

116 

21 

6 

2 

2 

32 

18 

22 

19 

22 

103 

87 

77 

82 

276 

156 

26 

8 

3 

1 

40 

29 

36 

38 

31 

167 

185 

149 

150 

609 

544 

262 

27 

5 

3 

16 

4 

9 

6 

3 

29 

33 

37 

27 

123 

211 

267 

72 

12 

4 

4 

1 

4 

2 

3 

5 

9 

9 

10 

29 

64 

123 

95 

41 

4 

1-2 

1 

2-3 

1 

3-4            -     . 

4-5 

2 

6-10 

1 

10-15.. 

4 

15-20 

3 

20-25 

2 

25-50  

11 

50-100 

9 

100-250. 

60 

250-500.. 

55 

600-1,000 

58 

1,000-5,000 

1 

82 

6,000  and  over 

13 

Total 

7,499 

7 

150 

393 

1,077 

1,107 

932 

2,275 

853 

403 

302 

Under  1  

291 

142 

131 

80 

85 

287 

193 

114 

90 

208 

107 

63 

24 

8 

6 

14 
1 
4 
3 
2 
5 
3 
1 
2 
2 

2 
1 

39 
13 
9 
11 
19 
41 
24 
14 
12 
25 
9 
2 

44 
24 
20 

9 
12 
53 
31 
20 
12 
21 
12 

4 

69 

24 

30 

15 

18 

68 

40 

21 

14 

28 

11 

6 

1 

1 

36 
23 
22 
16 
9 
36 
28 
17 
17 
36 
10 
8 
1 

19 

14 

20 

5 

6 

20 

24 

7 

10 

22 

5 

3 

1 

53 
34 
22 
17 
13 
50 
37 
28 
13 
47 
30 
13 
6 
1 
1 

12 

4 

1 

3 

6 
10 

3 

3 

9 
16 
19 
12 

5 

.. 

5 
3 
2 

1 

1-2 

2-3 

2 
1 

3-4... 

4-5 

6-10 

10-15   

4 
2 
3 

1 
6 
3 
6 
5 
2 

i 

15-20 

20-25 

25-50 

- 

50-100 

8 

100-250. 

7 

250-500       

4 

500-1,000     

4 

1,000-5,000 

4 

6,000  and  over 

Total 

1,829 

40 

218 

262 

346 

259 

156 

365 

104 

43 

36 

SERVICE:  PROFESSIONAL,  AMUSEMENTS,  HOTELS,  ETC.— RETURNS  WITH  NET 

INCOME  1 


Under  1 

255 
128 
104 
101 
89 
277 
187 
129 
113 
341 
241 
172 
79 
29 
11 
2 

5 
4 
1 
1 
3 
1 
2 
3 
1 
4 
1 
2 
3 

189 
85 
66 
48 
50 

150 
71 
42 
28 
36 
13 

40 

23 

27 

39 

19 

86 

65 

39 

41 

113 

39 

12 

2 

1 

13 
13 

9 

4 

14 

32 

34 

29 

26 

115 

87 

28 

6 

2 

3 

1 

1 

6 

2 

2 

10 

13 

8 

26 

45 

37 

1 

1 

4 
2 

l-2_. 

2-3. 

1 

3-4 

2 
1 

3" 

2 

2 

23 

27 

31 

6 

1 

1 

4-6 

6-10 

5 

1 
-- 

19 
21 
47 
37 
9 

1 

10-15. 

1 
1 
3 

6 
6 
13 
17 
11 
3 

16-20. 

20-26            

26-50       

2 

I 

2 
4 

1 

60-100 

100-250. 

250-600 

2 

600-1,000 

4 

1,000-5,000 

4 

6,000  and  over 

2 

Total 

2,268 

31 

778 

546 

411 

153 

97 

150 

61 

17 

14 

For  footnotes,  see  p.  166. 


STATISTICS    OF    INCOME 


165 


Table  10. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  • 


Aggre- 
gate 


No  re- 
ceipts 


Total  receipts  classes ' 


Under 
100 


100-250 


250-500 


500-750 


750- 
1,000 


1,000- 
2,500 


2,500- 
5,000 


5,000- 
10,000 


10,000 
and 
over 


SERVICE:  PROFESSIONAL,  AMUSEMENTS,  HOTELS,  ETC.— RETURNS  WITH  NO  NET 

INCOME  » 


Under  1 

627 
381 
287 
260 
244 
804 
528 
353 
229 
521 
314 
194 
53 
22 
8 

22 
8 
8 
8 
6 
23 
10 
16 
6 
13 
10 
10 
3 

495 

304 

220 

215 

198 

612 

377 

209 

134 

212 

85 

34 

2 

68 
51 
40 
26 
22 
114 
107 
97 
62 
180 
104 
43 
4 
1 

25 

9 

14 

6 

12 

30 

22 

20 

16 

73 

59 

50 

13 

2 

5 

5 

2 

4 

4 

13 

4 

6 

6 

21 

24 

20 

12 

3 

2 
2 

1 

3- 

2 

2 

2 

6 
10 
13 

8 

2 

6 
2 
2 
1 
2 
8 
6 
1 
2 
11 
19 
19 
7 
8 
2 

3 

1 

1-2 

2-3 

3-4     

4-5 

5-10         

1 

10-15 

15-20       

2 
1 
4 
2 
3 
2 
6 
2 

20-25  

25-50  

2' 

2 

1 

50-100 

1 

100-250 

250-500 

600-1,000    

1,000-5,000 

1 

1 

3 

5,000  andover    

Total 

4,825 

144 

3,098 

919 

351 

129 

53 

96 

26 

6 

4 

FINANCE:  BANKING,   INSURANCE,   REAL   ESTATE,   HOLDING   COMPANIES,   STOCK 
AND  BOND  BROKERS,  ETC.— RETURNS  WITH  NET  INCOME  1 


Under  1     

1,331 
1,113 
1,001 

997 

863 

2,787 

1,542 

943 

701 

1.818 

1.259 

945 

403 

245 

242 

64 

566 
378 
300 
280 
286 
874 
576 
384 
327 
886 
660 
520 
200 
129 
122 
32 

751 

727 

690 

708 

568 

1,863 

938 

522 

345 

786 

413 

195 

73 

26 

19 

6 

10 

4 

5 

5 

6 

33 

16 

23 

20 

94 

96 

69 

26 

10 

9 

3 

3 

4 

2 

2 

12 

10 

8 

2 

35 

52 

64 

27 

16 

9 

3 

1 
2 

3 
3 
8 
19 
32 
8 
12 
5 

1-2      

1 
1 

1 

2-3        .  ... 

3-4            ... 

1 

4-5       

6-10 

1 

10-15       

1 

15-20       

3 
2 
4 
3 
13 
13 
10 
5 
1 

20-25       

1 
3 

10 
41 
35 
19 
13 
4 

1 
1 
5 
8 

12 
9 

18 
4 

25-50       

1 
1 
3 
8 
12 
17 
5 

50-100     -. 

100-250 

250-500       

1 

500-1,000 

2 

1,000-5,000 

25 

5,000  and  over 

S 

Total 

16, 254 

6,520 

8,630 

429 

249 

101 

57 

128 

59 

47 

34 

FINANCE:  BANKING,   INSURANCE,   REAL   ESTATE,  HOLDING   COMPANIES,   STOCK 
AND  BOND  BROKERS,  ETC.— RETURNS  WITH  NO  NET  INCOME  » 


Under  1 

2,128 

1,056 

784 

596 

480 

1,607 

856 

541 

356 

905 

518 

405 

149 

74 

69 

14 

1.302 

571 

430 

338 

284 

941 

530 

334 

215 

572 

307 

237 

86 

44 

32 

8 

809 

480 

344 

247 

192 

644 

315 

191 

134 

306 

177 

129 

32 

12 

11 

3 

7 
2 
5 
7 
3 
16 
5 
11 
5 
18 
18 
25 
10 
6 
4 

5 
1 
3 
2 
1 
4 
6 
3 
1 
6 
7 
6 
6 
5 
4 

2 

1 

1 
1 
1 
1 

2 

1-2 

2-3 

.. 

1 

3-4       

4-5       -. 

5-10 

2 

10-15       

1 

15-20 

2 

1 
1 
4 
3 
2 
3 
1 

20-25         

25-50       - 

-- 

2 
1 
1 

1 
2 
2 
8 
2 
6 

1 
1 
3 
2 

1 
7 

50-100       . 

100-250     .- 

250-500     

1 

500-1,000    

1,000-5,000 

3 

1 

5,000  and  over 

2 

Total 

10,  538 

6,231 

4,026 

142 

59 

22 

10 

25 

16 

4 

3 

For  footnotes,  see  p.  166. 


166 


STATISTICS    OF    INCOME 


Table  10. — Corporations,  1936:  frequency  distrihxition  of  returns  with  balance 
sheets  showing  total  assets  of  $250,000  and  over  by  net  income  or  deficit  classes, 
cross  classified  by  total  receipts  classes,  by  returns  with  net  income  and  with  no 
net  income  and  by  major  industrial  groups — Continued 

[Net  income  or  deficit  classes  and  total  receipts  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Aggre- 


No  re- 
ceipts 


Total  receipts  classes  2 


Under 
100 


750- 
1,000 


1,000- 
2,600 


2,500- 
5,000 


5,000- 
10,000 


10,000 
and 
over 


NATURE  OF  BUSINESS  NOT  GIVEN— RETURNS  WITH  NET  INCOME  i 


Under  1 

4 

4 

1-2 

2-3 

3-4 

4-5 

1 

1 

5-10 

10-15 

15-20 

20-25 

25-50.. 

50-100 

100-250 

250-500 

1 

1 

500-1,000 

1,000-5.000 

6,000  and  over 

Total. 

6 

6 

NATURE  OF  BUSINESS  NOT  GIVEN— RETURNS  WITH  NO  NET  INCOME  ' 


Under  1 

7 

6 

1 

1-2 

2-3... 

2 

1 

2 
1 

3-4 

4-5. 

6-10 

3 

4 
3 

3 
4 
3 



10-15 

15-20 

20-25. 

25-50.. 

60-100  

1 
1 
1 

1 
1 

1 

100-250 

250-500 

500-1,000 

1,000-5,000 

6,000  and  over 

Total... 

23 

22 

1 

'  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  and  the  net  income 
and  deficit  classes  are  based  on  net  income  for  income  tax  computation  (item  29,  p.  2  of  return').  Unlike 
former  years,  net  income  for  income  tax  computation  includes  dividends  received  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  I  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and 
interest  received  on  certain  Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of 
return),  and  excludes  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contri- 
butions or  gifts)  and  excess-profits  tax  (item  28,  p.  2  of  return). 

'  This  classification  is  based  on  either  gross  sales  where  inventories  are  an  income-determining  factor 
(item  1,  p.  2  of  return)  or  gross  receipts  from  operations  where  inventories  are  not  an  income-determining 
factor  (item  4,  p.  2  of  return),  or  the  sum  of  both  when  reported  on  the  return. 

Note.— For  the  aggregate  of  data  in  this  table,  see  text  table  on  p.  40-41. 


STATISTICS   OF   INCOME 


167 


Table  11.- — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  witJi  no  net  income  and  by  major  industrial  groups 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 

[For  text  deflnin<?  certain  items  and  describing  returns  included,  see  pp.  1-8,  38-45] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes ' 


Aggre-j 


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- 
100,000 


100,000 
and 
over 


AGRICULTURE  AND  RELATED  INDUSTRIES— RETURNS  WITH  NET  INCOME  i 


Under  1 

857 

299 

194 

138 

107 

286 

177 

89 

63 

157 

87 

55 

19 

12 

4 

1 

532 

123 

63 

51 

27 

43 

21 

9 

3 

153 
76 
50 
33 
25 
59 
42 
10 
10 
11 
2 

115 
63 
49 
33 
36 

116 
59 
35 
19 
42 
12 

35 
24 
20 
14 
12 
41 
25 
11 

9 
48 
14 

4 

18 

10 

11 

5 

6 

18 

16 

19 

17 

29 

21 

12 

3 

4 

3 

1 

2 

1 

9 

13 

5 

5 

23 

37 

33 

9 

5 

1-2 

2-3 

3-4 

4-5 

5  10 

10-15 

1 

15-20.      

20-25 

25-50 

3 
1 

5 
4 
6 
1 

1 

50-100 .__ 

100-250 

1 
3 
1 
3 

250-500 

500-1,000  . 

1,000-5,000 

5,000  and  over 

1 

Total 

2,545 

872 

471 

679 

257 

185 

150 

21 

9 

1 

AGRICULTURE  AND  RELATED  INDUSTRIES— RETURNS  WITH  NO  NET  INCOME  i 


Under  1 

2,183 

649 

357 

262 

162 

433 

177 

97 

55 

127 

54 

15 

6 

2 

2 

1,462 

339 

172 

106 

48 

117 

26 

6 

4 

13 

5 

359 
131 
80 
52 
35 
80 
24 
13 
4 

14 
2 

248 

105 

66 

56 

43 

118 

49 

29 

12 

18 

4 

2 

1 

68 
50 
27 
24 
22 
65 
34 
23 
14 
29 
6 
2 

25 
17 

7 

14 
11 
30 
24 
12 

6 
29 

7 

2 

19 

6 

5 

10 

3 

22 

20 

14 

15 

21 

27 

6 

2 

1 

2 

1 

1-2 

2-3 

3^.. 

4-5_     

5-10.-    

1 

10-15 . 

15-20 

20-25..    . 

25-50 

2 
3 
2 
2 
1 

i 

50-100 

100-250.    

1 
1 

250-500 

500-1,000 

1,000-.'>,000 

1 

1 

5,000  and  over 

Total 

4,581 

2,298 

795 

751 

365 

184 

171 

14 

3 

MINING  AND  QUARRYING— RETURNS  WITH  NET  INCOME  ' 


Under  1 

1,119 

470 

306 

222 

176 

590 

318 

218 

144 

378 

230 

205 

04 

49 

35 

7 

739 

266 

150 

89 

70 

186 

66 

33 

14 

23 

5 

3 

162 
89 
76 
54 
35 

130 
68 
32 
15 
32 
10 
2 

132 
62 
48 
44 
41 

147 
87 
72 
50 

100 

29 

11 

2 

43 
27 
19 
14 
11 
73 
48 
37 
29 
96 
59 
37 
2 

13 
14 
10 
9 
12 
29 
31 
28 
19 
57 
55 
39 
5 
2 

29 
12 

3 
12 

5 
21 
16 
14 
16 
64 
57 
84 
27 
19 

4 

1 

1-2 

2-3 

3-4 

4-5- 

2 
3 
2 
1 
-- 

12 

17 
16 
14 
5 

5-10 

1 

10-15 

15-20 

1 
1 
2 
3 
11 
11 
14 
19 
2 

20-25 

25-50 

50-100 

100-250 

250-500 

1 

4 
2 

" i 

500-1,000 

1.000-5,000 

3 

5,000  and  over 

3 

Total 

4,531 

1,644 

705 

825 

495 

323 

383 

77 

65 

7 

f  7 

For  footnotes,  see  p.  183. 


168 


STATISTICS    OF   INCOME 


Table  11. — Corporations,  1936:  freqiiency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes  ^ 


Aggre- 
gate 


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- 
100,000 


100,000 
and 
over 


MINING  AND  QUARRYING— KETURNS  WITH  NO  NET  INCOME  • 


TOTAL  MANUFACTURING— RETURNS  WITH  NET  INCOME  ' 


Under  1. 

2,766 

818 

501 

366 

247 

801 

401 

193 

164 

365 

193 

121 

40 

18 

6 

1,749 

440 

250 

158 

97 

262 

106 

36 

35 

43 

12 

2 

2 

1 

383 
130 
89 
70 
44 
142 
69 
24 
18 
49 
5 

343 

135 
81 
79 
61 

196 
91 
59 
33 
58 
19 
8 
1 

124 
65 
45 
30 
19 
94 
57 
22 
24 
68 
42 
11 
-- 

76 
32 
19 
15 
10 
61 
44 
25 
22 
60 
35 
25 
7 
1 

77 
13 
17 
12 
14 
43 
30 
22 
29 
73 
65 
52 
14 
4 

8 
3 

6 

1-2 -. 

2-3 

3-4. 

2 
2 
2 
3 
3 
2 
8 
9 
16 
5 
2 

4-5 

6-10 

11 
6 
2 

10-15. 

15-20 

1 

20-25 

25-50 

50-100 

1 

1 

100-250- 

250-500       

500-1,000 . 

1 
3 

1,000-5,000 

1 

5,000  and  over 

Total. 

7,000 

3,193 

1,024 

1,164 

603 

432 

465 

64 

47 

7 

1 

Under  1. 

11,  829 

4,399 

2,803 

2,010 

1,600 

4,818 

2,813 

1.819 

1,341 

3,772 

2,726 

2.237 

948 

535 

451 

92 

8,956 

2,436 

1,200 

764 

508 

1,004 

262 

110 

68 

83 

11 

1,708 

1,062 

809 

572 

504 

1,391 

613 

301 

156 

238 

39 

10 

880 

693 

591 

490 

425 

1,642 

1,191 

790 

532 

1,174 

356 

'! 

200 

140 

138 

128 

113 

539 

498 

397 

3,36 

1,259 

825 

254 

17 

3 

67 

47 

48 

39 

36 

174 

158 

152 

161 

671 

922 

677 

94 

13 

2 

18 

21 

16 

17 

12 

65 

82 

67 

85 

328 

549 

1,120 

670 

246 

69 

1-2 

2-3 

1 

3-4 

4-5 

2 

2 

6 

2 

2 

12 

19 

78 

130 

164 

104 

1 

6-10 

1 
3 

10-15 

15-20 

20-25 

1 

7 

5 

27 

33 

103 

242 

25 

25-50... 

50-100 

100-250. 

250-500 

3 
3 

26 
25 

500-1,000 

3 

1,000-5,000 

18 

6,000  and  over 

41 

Total 

44, 193 

15, 402 

7,403 

8,836 

4,847 

3,261 

3,355 

523 

447 

57 

62 

TOTAL  MANUFACTURING— RETURNS  WITH  NO  NET  INCOME  ' 


Under  1 

20,  465 

5,513 

3,090 

2,028 

1,4<«0 

3,589 

1,485 

869 

509 

1,131 

558 

293 

91 

31 

25 

17,  236 

3,997 

2,012 

1,233 

775 

1,  552 

437 

198 

87 

133 

50 

11 

1,802 
741 
496 
349 
294 
735 
296 
138 

71 
100 

32 
9 

1,052 

514 

394 

266 

235 

780 

377 

263 

147 

254 

77 

17 

1 

1 

244 
173 
131 
113 

99 
305 
199 
147 

97 
247 
103 

30 
4 
1 

84 

47 

39 

48 

51 

138 

114 

70 

67 

208 

114 

61 

7 

3 

2 

41 

39 

18 

18 

25 

78 

56 

49 

30 

172 

150 

124 

38 

10 

6 

4 
2 

1 

1 

1-2. 

2-3     - 

3-4     . 

.. 

1 

4 

3 

....... 

21 
29 
19 
5 
2 

1 

4-5.   . 

6-10... 

10-15. 

2 

1 
4 
6 
9 
11 
19 
10 
8 

16-20... 

20-25... 

25-50  

50-100  

-. 

2 

2 

3 

100-250 

250-500.. 

1 

600-1,000 

1 

1,000-5,000 

6 

6,000  and  over 

Total. 

41, 157 

27,  721 

5,063 

4,378 

1,893 

1,053 

860 

102 

72 

6 

10 

For  footnotes,  see  p.  183. 


STATISTICS    OF    IlS^COME 


169 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes  2 


Aggre- 
gate 


Under 
50 


100- 
250 


250- 
500 


500- 
1,000 


1,000- 
5,000 


5,000- 
10,000 


10  000  - 
50,000 


50,000- 
100,000 


100,000 
and 
over 


MANUFACTURING:  FOOD  AND  KINDRED  PRODUCTS— RETURNS  WITH  NET  INCOME  » 


Under  1 

1-2 

2-3 

3^ 

4-5 

6-10 

10-15 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

6,000  and  over. 


1,548 
668 
419 
294 
241 
725 
424 
244 
176 
452 
326 
213 
87 
47 
45 
13 


Total 5,922     2,062     1,094     1,229 


1.145 

368 

178 

104 

86 

135 

24 

11 

5 

5 

1 


245 
162 
128 
93 
79 
212 
98 
38 
17 
19 
3 


114 
102 
80 
70 
59 
258 
187 
117 
70 
137 
34 
1 


31 

28 

22 

17 

12 

75 

71 

51 

51 

159 

105 

20 

1 


643 


9 

5 

10 

8 

3 

34 

28 

17 

22 

84 

105 

61 


397 


4 

3 

1 

2 

2 

10 

15 

10 

11 

47 

76 

119 

54 

18 

5 


377 


53 


MANUFACTURING: 


FOOD   AND    KINDRED    PRODUCTS— RETURNS   WITH   NO   NET 

INCOME  1 


Under  1 

2,424 

730 

420 

288 

217 

482 

205 

116 

70 

134 

55 

30 

7 

1 

1 

1,989 

505 

260 

160 

108 

181 

57 

17 

7 

20 

3 

2 

257 
123 
80 
64 
53 
97 
43 
22 
11 
16 
3 

134 
73 
64 
46 
37 

133 
65 
39 
21 
28 
4 
3 

33 
13 
12 
10 
11 
48 
23 
24 
18 
24 
11 
4 

9 

9 

3 

6 

6 

13 

11 

6 

10 

21 

7 

2 

2 

7 

1 

2 

2 

10 

6 

8 

3 

23 

22 

16 

3 

1-2.. 

2-3 

3^ .- 

4-5.. 

5-10 

10-15 

15-20.. 

20-25 - 

25-50     

1 
4 
1 
2 

1 
1 
2 
2 

1 

50-100     

100-250 

250-500     

500-1,000 

1,000-5,000 

1 

6,000  and  over 

Total 

6,180 

3,309 

769 

647 

231 

103 

105 

8 

7 

1 

MANUFACTURING:  LIQUORS  AND  BEVERAGES  (ALCOHOLIC  AND  NONALCOHOLIC)— 
RETURNS  WITH  NET  INCOME  1 


Under  1 

1-2 

2-3... 

3-4... 

4-5 

5-10 

10-15. 

15-20 

20-25 

25-50- 

50-100.. 

100-250 

250-500 

500-1.000 

1,000-5,000 

6,000  and  over- 


Total... 1.700 


289 
126 
89 
70 
49 
188 
112 
81 
85 
201 
139 
151 
57 
36 
24 
3 


214 
82 
40 
32 
23 
73 
42 
30 
22 
36 


602 


283 


For  footnotes,  see  p.  183. 


170 


STATISTICS    OF    INCOME 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  bij  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Total  assets  classes  2 

Net  income  or  deficit 
classes ' 

Aggre- 
gate 

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- 
100,000 

100,000 
and 
over 

MANUFACTURING:  LIQUORS  AND  BEVERAGES  (ALCOHOLIC  AND  NONALCOHOLIC)- 
RETURNS  WITH  NO  NET  INCOME  ' 

Under  1 

478 
126 
75 
54 
48 
109 
58 
49 

2r, 

55 

23 

24 

1 

386 

85 

36 

25 

19 

32 

10 

8 

2 

4 

2 

43 

17 

14 

9 

3 

28 

10 

9 

3 

5 

1 

1 

33 

16 
12 

8 
12 
33 
14 
16 

7 
10 

4 

1 

11 

4 
11 

11 
10 
17 
13 
6 
19 
4 
4 
1 

4 
3 
2 
3 
2 
5 
6 
3 
6 
7 
8 
4 

1 

1  2 

1 

2-3 

3-4 

2 

1 
1 

1 

4-5 

5-10 

10-15 

15-20 

20-25 

2 
10 

4 
13 

25-50 

50-100 

100-250 

1 

250-500 

500-1  000 

1  000  5  000 

Total 

1,126 

609 

143 

166 

118 

53 

35 

1 

1 

MANUFACTURING:  TOBACCO  PRODUCTS— RETURNS  WITH  NET  INCOME  i 

Under  1 

32 
9 
5 
7 
6 

21 
7 
3 
1 

19 
3 
9 
6 
7 
7 
4 

146 

21 
5 

j- 

3 
1 

1 

1 
2 

2" 
4 
3 

8 
2 
2 
2 

""""io' 

2' 

1 
7 

1 

3- 

1 
5 
2 

1 

1 

1 

1-2                

2-3 

3  4 

1 

4  5 

5-10 

1 
1 

10-15 

1 

15-20 

20-25 

25-50 

1 

8 

3 

50-100 

2 
7 
3 
3 

1 

100-250 

2 

250-500 

3 

1 

500-1  000 

3 

6 
1 

1  000-5  000 

1 

5,000  and  over 

3 

32 

Total    

13 

34 

21 

9 

18 

4 

11 

1 

3 

MANUFACTURING:  TOBACCO  PRODUCTS— RETURNS  WITH  NO  NET  INCOME  ' 

Under  1           

77 

34 

11 

7 

13 
26 
6 
2 
1 
9 

63 

27 
5 
3 

7 
14 

1 
1 

9 
3 

T 
4 
4 
2 

5 
2 
4 
1 
1 
3 
2 
1 
1 
2 

1  2 

2 

2-3 

3  4 

2 
3- 
1 

4-5                        

1 
2 

5-10          

10-15 

15-20 

20-25                     ...  - 

25-50            

1 

1 

1 

3 

1 

50-100 

100  250                     .  - 

2 

1 

1 

250-500              

500-1.000      

1,000-5  000 

5,000  and  over 

' 

Total 

188 

121 

26 

22 

10 

4 

4 

1 

For  footnotes,  see  p.  183. 


STATISTICS    OF    INCOME 


171 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Total  assets  classes  2 

Net  income  or  deficit 

classes  ' 

Aggre- 
gate 

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- 
100,000 

100,000 
and 
over 

MANUFACTURING:   TEXTILE    MILL   PRODUCTS— RETURNS   WITH  NET  INCOME' 

Under  1 

960 

346 

235 

171 

153 

381 

239 

159 

116 

381 

286 

229 

73 

55 

29 

2 

677 
158 
83 
44 
34 
52 
13 
3 

2 

165 
100 
61 
62 
45 
96 
41 
22 
7 
7 

79 
71 
68 
47 
47 
143 
95 
56 
34 
85 
16 
1 

29 

9 

12 

9 

13 

60 

59 

41 

31 

133 

66 

10 

8 

5 

8 

5 

8 

17 

18 

25 

26 

96 

123 

59 

2 

2 
3 
3 

4 

6 

13 

13 

12 

17 

56 

74 

149 

55 

17 

2 

1-2 

2-3 

3-4 

4-5 

5-10 

10-15.... 

15-20 

20-25 

1 
6 
9 
15 
23 
1 

15 

24 
1 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

2 

1 

5,000  and  over 

Total 

3,815 

1,066 

606 

742 

472 

400 

426 

55 

45 

3 

MANUFACTURING:  TEXTILE  MILL  PRODUCTS— RETURNS  WITH  NO  NET  INCOME' 

Under  1 

1,606 

423 

225 

158 

124 

327 

155 

108 

65 

146 

89 

46 

22 

3 

2 

1,353 

283 

129 

100 

60 

129 

43 

24 

6 

11 

7 

2 

136 
67 
27 
20 
25 
74 
32 
15 
8 
11 
5 
1 

80 
40 
42 
20 
21 
58 
40 
36 
30 
27 
11 

22 
24 
16 

9 
10 
34 
17 
18 

9 
43 
17 

4 

1 

12 

3 

7 

6 

3 

17 

13 

6 

5 

24 

22 

12 

1 

3 

5 

4 

3 

5 

15 

9 

9 

6 

26 

25 

23 

10 

2 

1 

1-2 

1 

2-3 

3-4 

4-5.. 

5-10... 

10-15 

1 

15-20 

20-25 

2' 

2 
4 

7 

i' 

1 
2 

25-50 

50-100       

100-250 

250-500 

3 
1 

500-1,000 

1,000-5,000 

5,000  and  over.. 

3,499 

Total 

2,147 

•     421 

405 

224 

131 

146 

18 

7 

MANUFACTURING:    CLOTHING    AND    APPAREL— RETURNS    WITH    NET    INCOME' 

Under  1 

1,439 
460 
268 
184 
127 
309 
178 
99 
81 
184 
98 
70 
21 
9. 
5 

1,117 

237 

104 

51 

28 

55 

8 

1 

2 

4 

220 

141 

95 

58 

40 

87 

39 

11 

6 

11 

1 

92 

73 

54 

55 

44 

127 

83 

49 

37 

56 

8 

3 

9 
9 
15 
16 
13 
34 
39 
23 
25 
71 
35 
6 

1 

1-2 

2-3   

3-1       ._ 

3 

2 
5 
7 
13 
9 

32 
38 

2 

1 

4-5 

5-10 

1 
2 
2 
2 
10 
16 
36 
16 
5 

10-15 

15-20 

20-25. 

25-50... 

50-100 

100-250       . 

2 

1 
3 
3 

250-500 

2 

1 
2 

500-1,000 

1,000-5,000          

5,000  and  over 

9 

Total. 

3,  532 

1,607 

709 

681 

295 

135 

91 

5 

For  footnotes,  see  p.  183. 


172 


STATISTICS    OF   INCOME 


Table  11.- — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Total  assets  classes  ^ 

Net  income  or  deficit 
classes  i 

Aggre- 
gate 

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- 
100,000 

100,000 
and 
over 

MANUFACTURING:  CLOTHING  AND  APPAREL-RETURNS  WITH  NO  NET  INCOME  « 

Under  1 

2,378 

548 

280 

146 

108 

296 

98 

60 

21 

48 

18 

2 

2,133 

454 

215 

114 

80 

201 

58 

33 

10 

19 

6 

170 

63 

40 

16 

16 

49 

21 

14 

5 

4 

2 

1 

63 

24 

19 

13 

10 

39 

12 

7 

4 

15 

4 

11 
6 
4 
2 
1 
5 
6 
3 

6" 

4 

1 
-- 

1  2 

1 

2-3                               -  - 

3  4 

4-5                           

6  10                    

10  15                    .  

15-20             

20-25         

1 

1 
1 
1 

25-50         

50-100 

100  250 

250-500                    -  --- 

500-1  000               -  

1  000  5  000 

1 

1 

Total        

4,004 

3,323 

401 

210 

48 

16 

6 

MANUFACTURING:  LEATHER  AND  ITS  MANUFACTURES— RETURNS  WITH 

NET  INCOME  i 

Under  1                .    .- 

311 

133 

86 

52 

46 

131 

79 

53 

29 

96 

72 

48 

24 

8 

4 

1 

232 

64 
28 
20 
7 
13 
4 
3 

46 

35 

22 

12 

16 

32 

11 

2 

3 

3 

28 
26 
33 
14 
15 
57 
40 
24 
9 

33 
4 
1 

1 
7 
3 
5 
7 
25 
17 
14 
11 
34 
16 
3 

4 
1 

1  2 

2  3                         

3-4                      

4 
5 
8 
3 
20 
34 
16 
2 

1 

4  5 

10  15 

2 
1 
3 

6 
18 
21 
17 

4 

1 

20  ''5 

50  100 

7 
3 
3 

2 

250-500 

2 
1 
2 

1  000  5  000 

1 

1,173 

371 

182 

284 

143 

98 

73 

16 

5 

1 

MANUFACTURING:  LEATHER  AND  ITS  MANUFACTURES— RETURNS  WITH  NO 

NET  INCOME  i 

Under  1 

479 
129 
76 
52 
46 
99 
61 
26 
28 
42 
19 
14 

392 
81 
51 
33 
25 
43 
24 
7 

8 
1 
2 

41 
16 

8 
4 
4 
21 
15 
7 
6 
7 
2 

30 
19 
11 
9 
11 
22 
12 
5 
fi 

12 
2 
1 

12 
9 
3 
5 

5 

5 
3 
5 
4 
5 
3 

2 
4 
3 
-_ 

6 
5 
1 
2 
8 

4 

2 

2  3                    

3-4 

1 

4  5 

10  15 

15-20 

3 
2 
3 
6 
3 

20  25 

25  50 

50-100 

1 
1 

100-250 

250-500 

500-1  000 

1  000-5  000 

1 

1 

Total            

1,072 

674 

131 

140 

66 

38 

20 

2 

1 

For  footnotes,  see  p.  183. 


STATISTICS    OF   INCOME 


173 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes ' 


Aggre- 
gate 


Under 
50 


100- 
250 


250- 
500 


500- 
1,000 


1,000- 
5,000 


5,000- 
10,000 


10,000- 
50.000 


50,000- 
100,000 


100,000 
and 
over 


MANUFACTURING:  RUBBER  PRODUCTS— RETURNS  WITH  NET  INCOME  i 


Under  1 

42 
25 
21 
14 
15 
32 
19 
15 
12 
27 
36 
29 
20 
9 
7 
2 

27 
18 
5 
3 
4 

1 

9 
4 

4 
2 

8 
4 

2 

1 

4 
3 
7 
4 
8 
11 
8 
5 
5 
9 
4 

1 

1 

1-2 

2-3 

2 
2 

-- 
2 
6 
3 

12 
9 
7 

3-4 

1 
1 
1 
3 

1 
2 
4 
10 
8 

4-5 ._ 

5-10 

10-15 

15-20 

20-25 

1 
1 

12 
13 
13 
4 

25-50 

1 

50-100 

1 

100-250 

1 

6 
3 

1 

250-500 

1 
2 
4 

500-1,000 

1,000-5,000 

.. 

2 

6,000  and  over 

1 

Total. 

325 

67 

42 

68 

49 

31 

45 

12 

7 

1 

3 

MANUFACTURING:  RUBBER  PRODUCTS— RETURNS  WITH  NO  NET  INCOME  i 


Under  1 

98 
36 
21 
11 
6 

30 
13 
8 
3 
4 
3 
3 
1 

78 

26 

13 

4 

2 

13 

1 

7 
4 
1 
6 
2 
8 
3 
1 

6 
4 
4 

6 
2 
1 

1 

1-2 

2-3 

1 
1 

1 

3-4 

4-5 

1 
4 
3 
3 

1 
2 
3 
1 

2 

5-10 

1 
2 
2 

2 
1 
1 

10-15 

15-20 

20-25         

25-50     

4 
1 

2 

50-100 

1 
1 

1 

100-250. 

250-500 

1 

500-l,000_._. 

1,000-5,000.. 

5,000  and  over 

Total 

237 

138 

32 

25 

18 

15 

7 

1 

1 

MANUFACTURING:  FOREST  PRODUCTS— RETURNS  WITH  NET  INCOME  » 


Under  1. 

828 
295 
208 
159 
101 
3S4 
210 
133 

93 
313 
164 
110 

33 
9 
4 
1 

562 

131 

63 

47 

21 

60 

15 

3 

2 

4 

141 
81 
66 
52 
44 

106 

24 

13 

6 

10 
1 

89 

64 

51 

41 

24 

132 

107 

61 

36 

88 

11 

1 

27 
10 
20 
14 

8 
58 
43 
41 
28 
125 
51 

5 

8 
6 
6 
5 
4 
18 
14 
7 

16 
59 
59 
27 
3 

1 
3 
1 

1-2 

2-3 

1 

3-4 

4-5__ 

5-10 ._ 

9 
7 
8 
5 
26 
39 
68 
22 
1 

1 

10-15 

15-20 

20-25 

25-50 

2 
8 
5 
6 
2 

1 
1 
1 
3 
2 
1 

50-100- 

100-250 

250-500 

500-1,000 

1,000-5,000     .  . 



1 

5,000  and  over.  ..     . 

1 

Total    

3.045 

908 

544 

705 

430 

232 

190 

25 

9 

1 

1 

For  footnotes,  see  p.  183. 


114338—39- 


-12 


174 


STATISTICS    OF    INCOME 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes  2 


Aggre- 
gate 


Under 
50 


100- 
250 


250- 
500 


500- 
1,000 


1,000- 
5,000 


5,000- 
10,000 


10,000- 
50,000 


50,000- 
100,000 


100,000 
and 
over 


MANUFACTURING:  FOREST  PRODUCTS— RETURNS  WITH  NO  NET  INCOME" 


Under  1 

1,258 

362 

232 

162 

131 

336 

171 

93 

50 

117 

62 

34 

8 

6 

937 

232 

121 

78 

46 

113 

27 

20 

7 

7 

6 

1 

139 

59 

43 

38 

34 

74 

37 

14 

6 

9 

1 

3 

134 
45 
41 
26 
29 
91 
45 
29 
11 
26 
10 
4 

32 
19 
23 
13 
14 
31 
33 
14 
14 
27 
11 
1 
1 

10 
5 
2 

7 
17 
13 
10 

8 
25 
11 

5 

j- 

6 
2 
2 
2 
1 

10 

13 

3 

2 

21 

19 

11 

3 

1 

1-2 

2-3 

3^ 

4-5 

5-10                    

10-15       

2 
2 
-- 

3 

6 
3 

1 

1 
1 
2 

15-20       

20-25 

25-50 

50-100                         -   - 

1 
3 

1 
3 

100-250                

250-500 

500-!  000 

1,000-5,000 

5,000  and  over 

Total    

3,022 

1,595 

457 

491 

233 

119 

96 

19 

12 

MANUFACTURING:  PAPER,  PULP,  AND  PRODUCTS— RETURNS  WITH  NET  INCOME' 


Under  1 

234 
96 
82 
60 
54 
148 
117 
69 
59 
134 
124 
121 
52 
20 
21 
1 

162 

42 

29 

20 

18 

25 

6 

3 

2 

44 

29 

23 

17 

15 

47 

14 

9 

2 

2 

1 

1 

21 
19 
21 
15 
17 
49 
52 
35 
24 
46 
16 

5 

4 

5 

5 

4 

20 

29 

13 

20 

41 

32 

10 

2 
2 
1 
2 

1-2 

2-3 

3 

1 

3-4 

4-5 

5-10 

3 

7 

5 

3 

25 

51 

30 

4 

1 

4 

7 

4 

8 

19 

22 

68 

40 

2 

10-15                -  - - 

1 

1 

15-20 

20-25 

25-50 

1 
2 
7 
5 
12 
5 

50-100 

100-250                     .  . 

5 

2 

6 

12 

1 

250-500 

1 

500-1,000 

1  000-5  000 

I 

1 

Total    

1,398 

307 

204 

315 

188 

136 

185 

33 

27 

2 

1 

MANUFACTURING:  PAPER,  PULP,  AND  PRODUCTS— RETURNS  WITH  NO  NET 

INCOME  1 


Under  1 

302 

99 

63 

35 

43 

80 

35 

23 

13 

49 

23 

14 

4 

3 

2 

216 
63 
33 
16 
17 
29 
10 
2 

'i 

46 
19 
15 
8 
3 
13 
8 

1 
4 

32 

11 
8 
4 
6 

20 
5 

10 
4 

12 
1 
1 

3 

2 
4 
6 
9 
5 
5 
2 
6 
1 

1 
1 
4 
1 
6 
5 
5 
3 
4 
11 
8 
4 

1  2 

2 
1 

5 
4 
2 
1 
2 
13 
11 

1 
1 

2-3 

3-4 

4  5 

5-10 

10  15 

15-20 

20  25 

25  50 

50-100 

1 

1 
1 
2 
1 

1 

100  250 

1 

250-500 

500-1,000 

.- 

1 

1  000-5  000 

5  000  and  over 

Total 

788 

389 

120 

114 

50 

53 

52 

2 

6 

1 

1 

For  footnotes,  see  p.  183. 


STATISTICS    OF    INCOME 


175 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups^ 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes  ^ 


Aggre- 


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- 
100,000 


100,000 
and 
over 


MANUFACTURING:  PRINTING,  PUBLISHING,  AND  ALLIED  INDUSTRIES— RETURNS 

WITH  NET  INCOME  i 


Under  1 

1,810 

576 

346 

273 

208 

536 

306 

182 

102 

345 

228 

161 

64 

32 

27 

3 

1,536 

384 

192 

147 

96 

142 

41 

13 

6 

12 

2 

179 
114 
89 
78 
69 
190 
67 
34 
20 
30 
3 

73 
62 
57 
37 
31 
149 
125 
84 
48 
114 
28 
5 

1^ 

5 

9 

9 

41 

51 

30 

19 

117 

67 

19 

1 

1 

8 
2 
2 
2 
3 

10 
14 
17 
9 
53 
93 
48 
2 

1 
4 

1 

1-2 

2-3 

3-4 

4-5 

5-10 

4 
8 
4 

10-15 

15-20 

20-25 

25-50 

18 
34 
83 
48 
10 
2 

1 
1 
3 
11 
11 
12 

50-100 

100-250 

3 
2 
8 
12 
2 

250-500 

500-1,000 

1 

1 

1,000-5,000 

6,000  and  over 

1 

Total 

5,199 

2,571 

873 

813 

392 

264 

217 

39 

27 

2 

1 

MANUFACTURING:  PRINTING,  PUBLISHING,  AND    ALLIED  INDUSTRIES— RETURNS 

WITH  NO  NET  INCOME  ' 


Under  1. 

3,410 

881 

496 

254 

181 

372 

124 

59 

39 

75 

36 

17 

11 

2 

i 

3,068 

712 

390 

175 

119 

200 

50 

23 

16 

18 

8 

2 

215 

87 

63 

47 

30 

75 

21 

7 

4 

3 

6 

94 

56 

34 

19 

21 

C4 

29 

17 

11 

25 

4 

1 

1 

17 
17 
9 
9 
6 
21 
18 
5 
2 
17 
5 
2 
1 
1 

9 
5 

6 
4 

1 

1-2 

2-3 

3-4 

3 
4 
10 
3 
6 
3 
9 
5 
6 
5 

1 
1 
2 
3 
1 
3 
3 
5 
5 
2 
1 

4-5 

5-10 



10-15 

15-20 

20-25 

25-50 

50-100 

1 

2 

100-250 

250-500  

1 

600-1,000 .-- 

1,000-5,000 

5,000  and  over 

Total 

5,957 

4,781 

558 

376 

130 

09 

37 

3 

3 

MANUFACTURING:   CHEMICALS 


AND    ALLIED 
INCOME  1 


PRODUCTS— RETURNS   WITH    NET 


Under  1 

784 

262 

172 

104 

81 

339 

192 

135 

112 

324 

209 

181 

91 

62 

62 

10 

602 

151 

72 

45 

25 

85 

26 

6 

6 

9 

104 
66 
49 
26 
27 

100 
46 
27 
16 
19 
6 
2 

53 
35 
31 
29 
20 

108 
81 
61 
52 

113 

40 

7 

17 

6 

14 

3 

6 

30 

26 

28 

28 

108 

70 

30 

2 

5 
2 
6 

'      2 
11 
8 
9 
9 

45 
69 
60 
13 
3 

3 
2 

1-2          .    

2-3        

3-4     ...     

1 

1 

6 

6 

4 

2 

28 

34 

77 

63 

32 

7 

4-5 

5-10 

10-15 

15-20 

20-25 

25-50 

1 
-- 

9 
19 
11 

1 
1 
4 
4 
8 
39 
6 

50-100 

100-250 

250-500 

500-1,000   

1,000-5,000 

4 
2 

i 

5,000  and  over 

2 

Total 

3,120 

1,026 

486 

630 

368 

232 

265 

41 

63 

6 

3 

For  footnotes,  see  p.  183. 


176 


STATISTICS   OF    INCOME 


Table  11.— Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes ' 


Aggre- 
gate 


Under 
50 


100- 
250 


250- 
500 


500- 
1,000 


1,000- 
5,000 


5,000- 
10,000 


10,000- 
50,000 


50,000- 
100,000 


100,000 
and 
over 


MANUFACTURING:  CHEMICALS    AND    ALLIED    PRODUCTS— RETURNS    WITH    NO 

NET  INCOME' 


Under  1 

1,649 

409 

228 

157 

107 

246 

97 

55 

33 

63 

26 

16 

3 

2 

1 

1,398 
311 
149 
110 
66 
132 
38 
13 
11 
13 
4 

151 

53 

42 

17 

13 

50 

16 

7 

3 

5 

3 

75 
34 
29 
20 
13 
41 
21 
18 
7 

13 
7 
3 

16 
8 
6 
6 
7 

13 
9 
9 
3 

10 
2 
1 

5 
2 
1 
4 
6 
8 

11 
4 
8 

14 
2 
3 

2 

1 
1 

2 

1-2              

2-3            

3-4            

4-5              

2 
2 
2 
3 

1 
8 
6 
7 
2 
1 

5-10        

10-15 

15-20     

1 

20-25 

25-50 

50-100     

1 
1 
1 

1 

1 

100-250 

250-500 

500-1,000 

1 

1,000-5,000 

1 

Total - 

3,092 

2,245 

360 

281 

90 

69 

38 

6 

3 

MANUFACTURING:  PETROLEUM  AND  OTHER  MINERAL  OIL  PRODUCTS- 
RETURNS  WITH  NET  INCOME  t 


Under  1 

38 
18 
13 
16 
6 
41 
10 
16 
13 
34 
27 
44 
13 
16 
15 
11 

29 
9 
7 
5 
1 
8 
1 
1 
1 

4 
5 
2 
2 
1 
14 
1 
3 
1 
1 

5 
3 
2 
4 
3 

13 
6 
2 
6 

12 
1 
4 

1-2 

2 

1 
3 
-- 

3 

7 
8 
6 

1 
2 
3 

2-3 

3-4 

4-5                     .     -  --- 

5-10                    

2 
2 
4 

-- 

6 
13 

1 

10-15 

15-20 

2 
2 

8 
12 
17 
9 
4 
1 

20-25 

25-50 

50-100                       

100-250 

3 
3 
4 
1 
1 

1 

r 

3 

250-500 

1 

500-1,000 

1 

2- 

1,000-5,000 

* 

5,000  and  over 

10 

Total -- 

331 

62 

34 

61 

34 

40 

56 

12 

9 

7 

16- 

MANUFACTURING:  PETROLEUM  AND  OTHER  MINERAL  OIL  PRODUCTS- 
RETURNS  WITH  NO  NET  INCOME  i 


Under  1 

122 

33 

30 

16 

13 

45 

15 

4 

7 

26 

14 

4 

5 

2 

4 

105 
25 
19 

8 

21 
5 
-. 

3 

9 

g- 

5 
2 
10 
1 
2 
1 
2 

6 
6 
3 
-- 

6 

7 

1 
2 

1 
1 

2 
1 
1 
2 

g- 

1 
-- 

6 
2 

1 

1-2 

1 
1 
4 

1 
1 

5 
3 

1 
1 

2-3 

3-4 

4-5                           

j- 

1 

5-10 

10-15 

15-20 

20-25 

2 

8 
3 

1 
1 

25-50 

g- 

1 

50  100 

2- 

100-250 

i 

1 
1 

2 

1 
2 

250-500 

500-1,000 

1 

1,000-5,000 

2 

5  000  and  over 

Total 

340 

194 

38 

35 

20 

17 

18 

5 

6 

3 

* 

For  footnotes,  see  p.  183. 


STATISTICS    OF    INCOME 


177 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  loith  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Total  assets  classes  * 


Net  income  or  deficit 

classes  ' 

Aggre- 
gate 

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    100,000 


100,000 
and 
over 


MANUFACTURING:   STONE,   CLAY,   AND    GLASS   PRODUCTS— RETURNS  WITH   NET 

INCOME' 


Under  1      

438 

151 

123 

82 

59 

196 

108 

62 

49 

153 

118 

94 

33 

16 

18 

5 

308 

71 

60 

35 

21 

41 

7 

4 

2 

1 

78 
41 
36 
17 
16 
55 
35 
9 
6 
15 

36 
24 
18 
24 
15 
64 
41 
23 
21 
46 
15 
7 

12 

10 

7 

4 

4 

21 

13 

19 

8 

51 

33 

6 

4 
2 
.. 

3 
11 

7 

6 

7 
27 
39 
27 

2 

1-2               

3 
2 

1 

2-3                   -. 

-3-4               .- 

4-5  ..   

5-10 

4 
4 
1 
5 
12 
29 
48 
19 
8 

10-15 

.. 

1 

15-20 

■20-25 

•25-50 

2 
4 
11 

4 
7 

1 

50-100 

100-250     . 

2 
1 
4 
11 
2 

■250-500         

500-1,000  .. 

1^000—5,000 

2 

1 

Total... 

1,705 

550 

308 

334 

188 

135 

136 

29 

22 

2 

1 

MANUFACTURING:  STONE,  CLAY,  AND  GLASS  PRODUCTS— RETURNS  WITH  NO 

NET  INCOME  1 


Under  1 

804 

227 

139 

102 

77 

213 

73 

40 

31 

64 

31 

16 

2 

2 

1 

598 

147 

80 

60 

33 

63 

14 

6 

2 

2 

3 

119 

44 

29 

20 

12 

42 

12 

9 

2 

7 

2 

66 
22 
19 
14 
17 
66 
22 
13 
11 
13 
6 
1 

13 

8 

7 

10 

25 

15 

6 

13 

19 

5 

1 

4 
4 
3 

3- 

9 
7 
2 
2 
16 
5 
2 

4 
2 

1 
1 
2 
8 
2 
4 
1 
5 
9 
7 
1 

1-2 

2-3 

3-4 

4-5 

5-10 

10-15 

1 

15-20 

"20-25 

25-50 

1 
2 

1 

1 
3 

1 
1 

50-100 

100-250 

250-500 

500-1,000 

1 

1,000-5,000 

1 

Total  . 

1,822 

1.008 

'     298 

270 

129 

58 

47 

5 

7 

MANUFACTURING:  METAL  AND   ITS   PRODUCTS— RETURNS  WITH  NET  INCOME  t 


Under  1 

2,255 
951 
575 
430 
365 

1.104 
666 
466 
355 
924 
764 
638 
311 
170 
144 
28 

1,670 

545 

257 

167 

114 

243 

64 

26 

15 

6 

327 

205 

162 

110 

108 

313 

159 

96 

47 

65 

11 

1 

203 
151 
117 

117 
109 
384 
281 
207 
143 
316 
128 
17 
1 

38 
30 
25 
27 
23 
108 
114 
94 
85 
302 
257 
85 
4 

13 

17 

11 

5 

8 

47 

34 

29 

38 

161 

229 

210 

30 

1 

4 
3 
3 
4 
3 
9 
12 
14 
25 
69 
134 
302 
236 
87 
22 

1-2 

2-3 

3-4 

4-5 

5-10     . 

10-15     - 

2 

15-20 

20-25 

2 
3 
4 
17 
32 
49 
40 

25-50 

2 

1 
6 
7 
31 
67 
8 

^0-100           .     , 

100-250. 

250-500 

1 
2 

7 
7 

500-1,000 

1,000-5,000 

8 

13 

Total 

10, 146 

3,107 

1,604 

2,174 

1,192 

833 

927 

149 

122 

17 

21 

For  footnotes,  see  p.  183. 


178 


STATISTICS    OF    IXCOME 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  ntt  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes  ' 


Total  assets  classes  2 


Aggre- 
gate 


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- 
100,000 


100,000 
and 
over 


MANUFACTURING:  METAL  AND  ITS  PRODUCTS— RETURNS  WITH  NO  NET  INCOME  i 


Under  1 

3,820 

1.079 

570 

439 

258 

676 

266 

168 

84 

208 

114 

52 

18 

7 

3, 162 

734 

356 

255 

122 

251 

64 

29 

8 

16 

6 

1 

338 

144 

98 

62 

68 

143 

48 

24 

10 

11 

4 

2 

234 
130 
79 

71 
39 
158 
77 
51 
21 
53 
12 
1 

60 
47 
24 
32 
14 
70 
35 
34 
20 
46 
27 
7 

21 
10 

9 
15 

9 
34 
29 
15 
16 
41 
30 
13 

13 

13 

4 

3 

6 

19 

13 

15 

8 

36 

28 

19 

10 

3 

0 

1 

1 

1 

1-2     . 

2-3  -.       .       .       _ 

3-4 - - 

1 

4-5 

5-10 

1 

10-15 

15-20 

20-25 

-- 

5 
9 
3 
3 

1 
1 
2 

25-50 

50-100 

100-250 

250-500 

4 

1 

500-1,000    . 

1 

1.000-5,000 

2 

1 

2 

5.000  and  over     -. 

927 

406 

Total 

7,766 

5,004 

952 

242 

192 

27 

11 

1 

4 

MANUFACTURING:  MOTOR  VEHICLES,  COMPLETE  OR  PARTS— RETURNS  WITH  NET 

INCOME  1 


Under  1 

65 
37 
20 

9 
17 
27 
17 
11 

8 
25 
22 
40 
14 
13 
16 

6 

42 
20 

9 

2 

6 

9 

1 

-. 

9 
6 
4 

7 
7 
7 
1 
1 

13 

7 
5 

1 
4 
8 
8 

T 

8 
6 
1 

3 
1 

1-2 

2-3... 

3-4     .     .. 

1 
1 
2 

1 

4-5 

5-10. _ 

1 
1 

10-15 

15-20 

5 
2 

8 
4 
2 

3 
3 

7 
7 
16 
3 
2 

20-25 

25-50 

2 
4 
21 

8 
8 
4 

60-100 

1 

100-260 

2 

1 
3 

1 
1 
2 

8 

1 

250-500.                  .  - 

500-1,000    .   

1,000-6.000 

1 
2 

5,000  and  over 

3 

47 

Total... 

347 

89 

50 

64 

29 

41_ 

6 

16 

3 

3 

MANUFACTURING:  MOTOR  VEHICLES,  COMPLETE  OR  PARTS— RETURNS  WITH  NO 

NET  INCOME  I 


Under  1 

1.34 

41 

30 

17 

14 

41 

22 

12 

6 

15 

9 

8 

2 

2 

4 

111 

28 
22 
9 
R 
17 
6 
3 

2 

9 
5 
6 
4 
3 
5 
4 

2" 

1 

8 
6 
2 
4 
1 
12 
6 
5 
2 
1 
3 

2 
2 

3 

1 

1-2 

2-3     .     .. 

3-4 

4-5 

2 
6 
4 
2 

6-10 

-- 
2 

10-15 

15-20 

20-25 

2 

25-60 

4 
1 

1 

4 
1 
1 

60-100 

100-250 

2 

250-500 

1 

500-1,000    .         .  . 

1.000-6,000  . 

2 

6,000  and  over 

Total 

356 

206 

39 

49 

24 

13 

19 

3 

3 

For  footnotes,  see  p.  183. 


STATISTICS    OF   INCOME 


179 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes ' 


Total  assets  classes  2 


Aggre- 


Under 
50 


50-100 


100- 
250 


250- 
500 


500- 
5,000 


1,000- 
5,000 


5,000- 
10,000 


10,000 
50,000 


50,000- 
100,000 


100,000 
and 
over 


MANUFACTURING: 


MANUFACTURING  NOT  ELSEWHERE   CLASSIFIED— RETURNS 
WITH  NET  INCOME  1 


Under  1  .           ..    .. 

756 

246 

141 

85 

72 

256 

129 

91 

50 

160 

110 

99 

49 

20 

23 

2 

612 

151 

73 

41 

22 

55 

8 

5 

5 

3 

100 

52 

37 

19 

22 

73 

31 

17 

5 

12 

2 

1 

35 
34 
25 
17 
20 
89 
56 
41 
24 
55 
15 
3 

6 

7 

4 

7 

8 

31 

24 

19 

6 

47 

37 

21 

4 

2 
2 
1 

1 

1 

1-2             .           

2-3             - 

1 

3-4            

4-5               ..     

5-10                 - 

6 

7 
7 
9 
24 
37 
25 
10 
1 

2 

2 

2 

1 

16 

19 

45 

29 

14 

6 

10-15 

1 

15-20     

20-25     .              

25-50 .. 

3 

50-100 

100-250     .         .       

4 
6 
3 
4 

250-500  

500-1,000 

2 

13 

1 

1,000-5,000 

5,000  and  over 

1 

221 

132 

Total 

2,289 

975 

371 

414 

138 

21 

16 

1 

MANUFACTURING: 


MANUFACTURING  NOT  ELSEWHERE   CLASSIFIED— RETURNS 
WITH  NO  NET  INCOME  1 


Under  1 

1,426 

356 

194 

130 

94 

211 

86 

46 

33 

76 

37 

11 

7 

1 

1,247 

284 

133 

83 

56 

113 

29 

12 

9 

7 

4 

1 

113 

37 

22 

28 

22 

42 

23 

5 

9 

14 

3 

52 
26 
23 
11 
14- 
30 
18 
12 

9 
16 

8 

1 

10 
8 

12 
5 
1 

18 
7 

10 
2 

15 
8 

2 
1 
2 
2 
1 
5 
5 
6 
2 
15 
8 
3 
1 

2 

1-2 

2-3  . 

2 

1 

3-4 

4-5 

5-10 

3 
3 

1 
2 
9 
6 
5 
4 

10-15 

1 

15-20 

20-25 

25-50 

50-100 

100-250 

1 

250-500 

2 
1 

500-1.000 

1,000-5,000 

5,000  and  over 

220 

Total 

2,708 

1,978 

318 

96 

53 

38 

1 

4 

CONSTRUCTION— RETURNS  WITH  NET  INCOME  1 


Under  1 

2.620 

747 

453 

265 

197 

537 

262 

130 

111 

224 

135 

72 

24 

12 

6 

2,127 

454 

243 

123 

67 

144 

45 

9 

6 

7 

2 

303 

152 

111 

67 

55 

143 

58 

36 

25 

26 

10 

1 

148 
107 
68 
56 
48 
164 
95 
48 
38 
S2 
24 
9 

33 
25 
21 
12 
24 
60 
38 
27 
26 
52 
43 
17 

7 

7 

9 

6 

3 

19 

21 

8 

10 

37 

29 

20 

8 

1 

2 
2 

1 

1-2 

2-3 

3-4 

1 

4-5 

5-10     . 

6 

5 

2 

6 

20 

26 

24 

11 

5 

3 

i 

10-15. 

15-20 

20-25 

25-50 

60-100 

100-250 

250-500 

1 

1 
2 

500-1,000 

1 

1,000-5,000 

887 

113 

12 

5 

Total 

5,795 

3,227 

987 

379 

185 

For  footnotes,  see  p.  183. 


180 


STATISTICS    OF    INCOME 


Table  11. — Corporations,  1936:  frequency  distribution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  inco7ne  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes ' 


Total  assets  classes  2 


Aggre- 


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- 
100,000 


10,000 

and 

over 


CONSTRUCTION— RETURNS  WITH  NO  NET  INCOME  1 


Under  1 

1-2 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500. 

500-1,000 

1,000-5,000 

5,000  and  over. 


Total 8,779 


5,166 

1,197 

626 

378 

253 

566 

225 

98 

67 

111 

49 

34 

5 

3 

1 


4,540 

903 

458 

255 

150 

279 

80 

19 

15 

12 

3 


6,714 


388 
158 
88 
70 
51 
116 
51 
23 
13 
20 


192 
98 
62 
36 
35 

121 
53 
26 
13 
23 
7 


674 


199 


TRANSPORTATION  AND  OTHER  PUBLIC  UTILITIES— RETURNS  WITH  NET  INCOME  • 


Under  1 

1-2 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-50. 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000 

5,000  and  over 

Total... 


3,179 
1,156 
691 
452 
387 
1,042 
558 
313 
234 
592 
490 
382 
183 
134 
146 
46 


9,985 


2,690 

825 

406 

223 

159 

320 

105 

27 

17 

15 


4,789 


273 
165 
151 
104 
100 
219 
99 
46 
27 
46 
19 
3 


1,252 


136 
116 
83 
83 
92 
319 
176 
89 
51 
133 
60 
23 


1,363 


32 

26 
30 
23 
19 
90 

103 
70 
62 

134 

78 

28 

4 


699 


23 
13 
9 

7 

10 

57 

47 

48 

41 

121 

104 

61 

9 

4 


554 


22 


10 
6 
29 
22 
28 
31 
126 
181 
162 
52 
30 
3 


718 


210 


70 


TRANSPORTATION  AND  OTHER  PUBLIC  UTILITIES— RETURNS  WITH  NO  NET 

INCOME' 


Under  1 

5,777 

1,337 

723 

441 

309 

751 

302 

177 

112 

262 

185 

149 

57 

39 

50 

11 

4,935 

982 

477 

257 

141 

253 

93 

32 

9 

18 

7 

6 

1 

380 

172 

104 

85 

51 

138 

37 

14 

10 

19 

2 

5 

1 

258 

119 

80 

57 

66 

164 

55 

41 

12 

26 

18 

3 

1 

2 

76 
31 
30 
22 
24 
84 
57 
25 
25 
25 
10 
5 
1 

68 
16 
20 
11 
15 
57 
24 
28 
28 
55 
26 
9 
1 

46 

11 

9 

9 

10 

44 

30 

30 

24 

89 

86 

61 

7 

3 

3 

5 
2 

3 
2 

1 

1 
1 

1-2  ... 

2-3 

3-4 

4-5 

1 

6 

3 

7 

1 

19 

23 

22 

19 

1 

1 

1 
4 
2 

4-1,0 

1 
1 

10-15... 

15-20 

20-25. 

3 
11 

8 
34 
19 
17 
14 

1 

25-50 

60-100  . 

4 

3 
4 

6 
14 

1 

100-250  

1 

250-500 

3 

500-1,000 

10 

1,000-5,000 

1 
1 

17 

9 

Total   . 

10, 682 

7,213 

1,018 

902 

415 

358 

462 

110 

127 

36 

41 

P'or  footnotes,  see  p.  183. 


STATISTICS   OF   INCOME 


181 


Table  11. — Corporations,  1936:  frequency  distrihution  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 


[Net  income  or 

deficit  classes  and  total  assets  classes  in  thousands  of  dollars 

Total  assets  classes  2 

Net  income  or  deficit 
classes  i 

Aggre- 
gate 

Under 
50 

50-100 

100- 
250 

250- 
500 

500- 
5,000 

1,000- 
5,000 

5,000- 
10,000 

10,000- 
50,000 

50,000- 
100,000 

100,000 
and 
over 

TRADE— RETURNS  WITH  NET  INCOME  ' 


Under  1 

26,441 

9,003 

5,249 

3,584 

2,709 

6,932 

3,284 

1,748 

1,215 

2,666 

1.386 

818 

266 

121 

97 

13 

21, 727 

5,903 

2,913 

1,690 

1,050 

1,678 

329 

100 

32 

58 

7 

2 

3,196 

1.930 

1,410 

1,069 

863 

2,270 

875 

288 

159 

132 

18 

8 

1,299 

974 

753 

660 

632 

2,259 

1,413 

803 

488 

826 

166 

21 

1 

157 

157 

126 

122 

124 

555 

474 

391 

360 

966 

361 

76 

6 

1 

43 

34 

34 

31 

28 

120 

145 

127 

134 

509 

482 

193 

25 

3 

19 

4 

13 

11 

12 

49 

47 

39 

39 

167 

348 

479 

182 

42 

5 

1-2 

1 

2-3 

3-4 

1 

4-5 

5-10 

1 
1 

10-15 

15-20_ 

20-25 

2 
6 
3 
24 
36 
47 
20 

1 

2 

1 

15 

16 

27 

59 

4 

25-50 

50-100 

100-250 

250-500 

500-1,000- 

1 

13 
3 

1,000-5,000 

6,000  and  over 

6 

Total    

65,532 

35, 489 

12, 218 

10, 295 

3,876 

1,908 

1,456 

142 

125 

17 

0 

TRADE— RETURNS  WITH  NO  NET  INCOME  : 


Under  1 

39, 789 

9,233 

4,611 

2, 665 

1,734 

3.614 

1,192 

511 

328 

527 

199 

94 

25 

12 

7 

35, 034 

7,421 

3,421 

1.893 

1,132 

1,955 

513 

164 

110 

122 

22 

9 

3,113 

1,092 

652 

412 

312 

720 

224 

78 

63 

78 

27 

7 

1,338 

573 

404 

270 

203 

633 

253 

148 

62 

110 

39 

15 

1 

1 

1 

216 

103 

90 

67 

55 

214 

123 

70 

52 

82 

35 

8 

1 

1 

68 
29 
29 
24 
27 
59 
59 
30 
27 
81 
40 
15 
3 

i" 

18 
13 
12 
8 
5 

32 
20 
21 
12 
48 
26 
36 
14 
2 

2 
2 

1 
1 

1-2 

2-3 

2 

3-4 

4-5 

5-10 - 

1 

10-15 

15-20 

20-25 

2 
4 

6 
3 
6 
2 

i 

25-50 

2 

4 
1 

50-100-. 

100-250- 

250-500 

600-1,000 

3 

3 

4 

1,000-5,000 

6,000  and  over 

Total 

64,  541 

51, 799 

6,77S 

4,051 

1,107 

492 

267 

31 

16 

SERVICE:  PROFESSIONAL,  AMUSEMENTS,  HOTELS,  ETC.- 

NET  INCOME  i 


-RETURNS  WITH 


Under  1 

6,910 

2,200 

1,169 

873 

597 

1.606 

814 

443 

306 

698 

349 

215 

83 

29 

11 

2 

5,356 

1,387 

657 

436 

269 

582 

244 

96 

53 

95 

13 

6 

1 

739 

394 

218 

186 

116 

342 

163 

80 

38 

99 

33 

6 

1 

552 

282 

184 

146 

121 

401 

220 

138 

102 

163 

62 

31 

1 

177 
87 
67 
61 
58 

172 
91 
56 
58 

133 
65 
38 
8 

65 
32 
28 
32 
23 
73 
61 
36 
29 
106 
82 
40 
13 
1 

21 
18 
14 
12 
10 
35 
34 
34 
25 
92 
80 
78 
49 
20 
5 

1-2 

2-3 

1 

3-4 

4-5 

5-10 

1 

1 
3 
1 
8 
12 
13 
4 
3 
1 

10-15                -  - 

15-20         

20-25         - 

25-50       

2 
2 
3 

6 
5 

4 

1 

50-100       

100-250     

250-500  -   

500-1,000 

1,000-5,000 

1 
1 

5,000  and  over 

Total 

16,  305 

9,195 

2,415 

2,403 

1,071 

621 

527 

48 

23 

2 

For  footnotes,  see  p.  183. 


182 


STATISTICS    OF   INCOME 


Table    11. — Corporations,    1936:   frequency    distribution   of   returns   with   balance 
sheets,  by  net  incoyne  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 
classes ' 


Total  assets  classes  2 


Aggre- 
gate 


Under 
50 


50-100 


100- 
250 

250- 
500 

500- 
5,000 

1,000- 
5,000 

5,000- 
10,000 

10,000- 
50,000 

50,000- 
100,000 

100,000 
and 
over 


SERVICE:  PROFESSIONAL,  AMUSEMENTS,  HOTELS,  ETC. 

NO  NET  INCOME  i 


-RETURNS  WITH 


Under  1 

17,117 

4,582 

2,427 

1,519 

1,013 

2,313 

980 

5R2 

351 

711 

391 

226 

fiO 

25 

8 

13, 160 

2,713 

1,  244 

668 

398 

674 

178 

87 

47 

73 

30 

14 

2 

2 

1,  869 

792 

382 

240 

129 

250 

75 

31 

15 

32 

15 

11 

2 

1 

1,432 

679 

502 

339 

232 

543 

165 

63 

35 

56 

20 

3 

453 

266 

198 

182 

169 

501 

245 

112 

70 

88 

26 

9 

136 

93 

70 

60 

55 

238 

203 

162 

106 

175 

04 

19 

2 

65 

37 

30 

28 

29 

100 

114 

105 

77 

264 

205 

117 

21 

8 

2 

2 

1 
1 
1 
4 

1-2 

2-3 

3-4 

1 

4-5 

5-10 

3 

10-15     

15-20     .   

2 

22 
34 

19 
6 

20-25 

1 
2 
9 
14 
11 
8 
5 

25-50.     

50-100  .   

100-250     

1 

250-500     

500-1,000 

1,000-5,000 

1 

2 

5,000  and  over.   

Total 

32,  285 

19.  290 

3,844 

4,076 

2,319 

1,383 

1,200 

115 

54 

2 

2 

FINANCE:  BANKING,   INSURANCE,   REAL   ESTATE.   HOLDING   COMPANIES,   STOCK 
AND  BOND  BROKERS,  ETC.— RETURNS  WITH  NET  INCOME  ' 


Under  1 

12,  959 

4,651 

3,130 

2,300 

1,771 

4,788 

2,329 

1,331 

885 

2,096 

1,362 

992 

406 

246 

244 

64 

7,471 

1,514 

717 

353 

233 

436 

133 

69 

21 

33 

20 

10 

2,078 

810 

526 

331 

230 

496 

162 

67 

32 

57 

12 

11 

1 

2,038 

1,188 

874 

612 

437 

1,040 

478 

239 

126 

181 

78 

25 

1 

2 

1 

1 

817 

661 

578 

512 

394 

976 

401 

261 

166 

339 

144 

52 

4 

4 

2 

362 

302 

280 

299 

285 

1,037 

493 

237 

179 

431 

202 

96 

11 

5 

3 

181 
168 
148 
174 
182 
755 
620 
423 
317 
848 
640 
476 
138 
47 
13 
1 

9 
6 
6 

14 
7 
35 
33 
23 
35 
139 
155 
137 
120 
60 
20 
1 

3 

1 
1 
4 
3 

12 
8 

12 
8 

66 

97 
153 
101 

83 

125 

6 

1-2  

1 

2-3            .      .      -  - 

3-4        

1 

4-5 

5-10     : 

1 
1 

10-15     

15-20     

20-25 

-- 

8 
21 
21 
19 
29 
12 

1 

25-50 

1 

50-100       

6 

100-250       

11 

250-500     

9 

500-1.000 

26 

1,000-5,000              -  - 

2 

49 

43 

Total 

39,  554 

11,012 

4,813 

7,321 

5,311 

4,222 

5,131 

800 

683 

115 

146 

FINANCE:  BANKING,    INSURANCE,    REAL    ESTATE,    HOLDING    COMPANIES,    STOCK 
AND  BOND  BROKERS,  ETC.— RETURNS  WITH  NO  NET  INCOME  ' 


Under  1 

31,919 

7,473 

4,115 

2,461 

1,650 

3,  923 

1,598 

881 

547 

1,251 

688 

479 

164 

79 

73 

14 

20,  570 

2,887 

1,290 

539 

338 

577 

212 

98 

57 

lis 

4; 

34 

3 

4 

5,243 

1,872 

908 

515 

300 

524 

123 

67 

30 

63 

22 

14 

1 

1 

3,878 

1,617 

1,093 

782 

518 

1,141 

360 

150 

85 

135 

79 

25 

1 

1,279 

610 

406 

294 

240 

740 

335 

171 

119 

187 

61 

32 

15 

1 

1 

529 

283 

224 

166 

119 

419 

263 

148 

105 

253 

90 

44 

9 

2 

2 

1 

363 
183 
173 
149 
128 
456 
271 
205 
124 
385 
256 
171 
45 
15 
12 
2 

32 
16 
11 
11 
3 
51 
19 
31 
18 
64 
62 
73 
28 
14 
7 
1 

24 

5 

9 

6 

4 

14 

13 

11 

9 

42 

65 

77 

39 

25 

22 

5 

1 

1-2        

2-3        

1 

3-4 

4-5 

5-10     

-- 

1 

10-15                .  . 

15-20 

20-25 

25-50  

3 

5 
5 
2 
8 
9 
1 

1 

60-100 

2 

100-250         

4 

250-500       

11 

600-1,000 

9 

1,000-5,000 

16 

5,000  and  over 

4 

TotaL 

57,  315 

26,  780 

9,683 

9,871 

4,491 

2,656 

2,938 

441 

370 

36 

49 

For  footnotes,  see  p.  183. 


STATISTICS    OF   INCOME 


183 


Table  11. — Corporations,  1936:  frequency  distrihulion  of  returns  with  balance 
sheets,  by  net  income  or  deficit  classes,  cross  classified  by  total  assets  classes,  by 
returns  with  net  income  and  with  no  net  income  and  by  major  industrial  groups — 
Continued 

[Net  income  or  deficit  classes  and  total  assets  classes  in  thousands  of  dollars] 


Net  income  or  deficit 

classes  i 


Total  assets  classes ' 


Under 
50 


100- 
250 


250- 
500 


500- 
1,000 


1,000- 
5,000 


5,000- 
10,000 


10,000- 
50,000 


50,000- 
100,000 


100,000 
and 
over 


NATURE  OF  BUSINESS  NOT  GIVEN— RETURNS  WITH  NET 
INCOME  1 


Under  1. 

79 
16 
6 

65 
11 
2 

6 
2 
2 

4 
3 
2 

1 

2 

1 

1-2 

^-3            _      _  _ 

3-4  .        -  -      

4-5  . --- 

4 
4 
2 

3 
4 
1 

1 

5-10 

10-15 

1 

15-20 

■20-25 

■25-50 

1 

1 

50-100 

100-250 

■250-500 

1 

1 

500-1,000      -  - 

1,000-5,000      

5,000  and  over 

Total    . 

113 

86 

11 

10 

2 

1 

2 

1 

NATURE  OF  BUSINESS  NOT  GIVEN— RETURNS  WITH  NO  NET 
INCOME  1 


Under  1 

530 

64 

36 

28 

16 

39 

16 

11 

5 

9 

3 

1 

3 

472 

50 

27 

17 

8 

23 

6 

5 

2 

6 

1 

25 
9 
2 
7 
4 
6 
4 
1 
1 

26 
5 
5 
3 
4 
7 
2 
1 
1 
2 

3 

2 

1 

1 

1-2 

2-3 

1 
1 

1 

3-4 

4-6  . 

5-10 

2 
2 
3 

1 

1 
2 
1 

10-15 

15-20 

20-25 

25-50 

1 

50-100 

1 

100-250 

1 
1 

250-500 

2 

500-1,000      

1,000-5  000 

Total 

761 

619 

60 

56 

13 

8 

4 

1 

1  The  classification  of  returns  into  those  "with  net  income"  and  "with  no  net  income"  and  the  net  income 
and  deficit  classes  are  based  on  net  income  for  income  tax  computation  (item  29,  p.  2  of  return).  Unlike 
firmer  years,  net  income  for  income  tax  computation  includes  dividends  received  on  stock  of  domestic 
corporations  subject  to  taxation  under  Title  T  of  the  effective  revenue  acts  (item  12(a),  p.  2  of  return)  and 
interest  received  on  certain  Government  obligations,  which  is  subject  to  excess-profits  tax  (item  8,  p.  2  of 
return),  and  excludes  contributions  or  gifts  (limited  to  5  percent  of  net  income  before  deduction  of  contribu- 
tions or  ccifts)  and  excess-profits  tax  (item  28,  p.  2  of  return). 

'  "Total  assets"  means  the  sum  of  the  asset  items  or  the  sum  ofthe  liability  items  reported  on  the  balance 
sheet  of  the  return  less  any  deficit. 

Note.— For  the  aggregate  of  data  in  this  table,  see  test  table,  pp.  42-43. 


STATISTICS    OF   INCOME 


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STATISTICS    OF   INCOME 


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STATISTICS    OF   INCOME 


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2-3 

3-4 

4-5 

&-10 

10-15. 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500 

500-1,000 

1,000-5,000.... 

5,000  and  over 

"3 
o 
Eh 

i  1 1 1 N 11  r  1  r 

^^       IrH       jrt       1       1       ,'mcO       IrH 

!  rH  ,^   1   1   1   1   1   1  _i   ;  ;  C<1 

Irt        i^        .'        \C<)        IrHf-H        l,-l,-l 

CO      1— (,-1      !rt(NCKl,-ilN      1,-icq 

o>»oioo^-^ooo»ccncoto 

OTfCOCO-HtOlMf^ScNi^rH 

COCOiOCOCO^Tt^COrHCO-^CDO 
lO^OS-^I^I^COCDOOOOS-^J^i-t 
,-.,-<  lO -*  OJ  CD  C^  r-l          N 

4,257 
1,161 
632 
476 
287 
728 
288 
188 
94 
235 
118 
61 
22 

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... 

STATISTICS    OF   INCOME 


189 


<N 

C^ 

O 

la 

CO 

CO 

t^n<    1 

CO 

oo" 

0000      ! 

i 

oo" 

1     <  u> 

'      !   > 

3 

o 

1      1      1      1      1 CO 

CO 

'    '    '    '    ' 'n 

CO 

t' i"'COO0O5 

o 

llllllllllllr-C»OC<lT)l 

1    I    1    :    1    '— 1    '    1    l,lco— le^cooo 

00 

j-^  i  i  i  ;  i     p"g?3gs^ 

CD 
05 

i  ;  i  i  i^---<-'°c^?sS2S'" 

CO 

_^^  :  :„  ;-H.ocoooco-H^o>^ 

00 

,      ,'_!      ,      lrt,-ITt<COCOC^>OCOC^OO      1 

CO 

III!      1  rt  irj  CO  C^  O  <M  so  CO  00  00      1 

■    ■■II                   — icqc^rt             1 

00 
05 

rMrt_      1— ■-jTuooi'NCOOOCOt^t^Ca 

CO 
CO 

COO^SOCO'*<0!NTJtcOO>OrH05'-<C<l      I 
CO  ^i  ^  w  CO"*  CO  c^  ^  ^      ■ 

CO 

i-IOiC^C^iO-^^CD-^OOcOCOOOOCqcO 

c^t^co-st^^co^^coor^-^cococo 

CO_H-H— l^-^CON^IOCOCO-H 

o 

CO 

9,003 

3,126 

1,946 

1,351 

1,052 

2,941 

1,646 

974 

690 

1,904 

1,221 

821 

256 

129 

69 

7 

CO 

9,330 

3,310 

2,114 

1,496 

1,  l72 

3,420 

1, 992 

1,222 

880 

2,533 

1,765 

1,418 

558 

300 

244 

45 

05 
CO 

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  aud  over 

"3 
o 

1      " 

1      1      1      1  OJ      1      1      I      1      1 

CM 

'-' 1      ■      1      I.-1— IIO^IN      1 

'- 

1      1      1  _|      i  rt  rt  ^      1  iM  (M  r-(  rt      1      i      1 

o 

tH    1    1    1    1    1    1^  ^  ^    .'  lo  cq  ^  cv<    1    1 

CO 

^  ;  1  ,'  ^  c^  _  _  ^  1  ;  ,'  ^  rt  1  1 

■3S 

■      ■       1      ■      1      ■      ■'  -c      ■  ■>(<  CO  CO      ■'  -<      1      1 

CM 

CO^— *      ■^^COCOCO'^C-^CO      ■      ■      t      ■ 

in 

cOrticacqir3ioa3C^co>ot~coc<l     1     1     1 

00 

OOl  C"^  ^  Gft  CD  I^  <M  r^  t-l  CM  O  ^  CO  C^      i 
Tt>  ^  O  CD  O  CO  00  CO  •*  — 1  CD  tP  rt                   1 
CO  •—■'—<                 ^H                        f— (                                          1 

c» 
o 

16,  688 

4.  295 

2,379 

1,  493 

1,  159 

2,688 

1,103 

626 

363 

775 

358 

188 

51 

16 

10 

CM 

17, 040 

4,449 

2,484 

1,561 

1,225 

2,863 

1,202 

697 

421 

901 

442 

244 

75 

25 

15 

>* 

CO 

?3 

Under  1 

1-2 

2-3 

3-4 

4-5 

5-10 

10-15 

15-20 

20-25 

25-50... 

50-100 

100-250 

250-500.. 

500-1,000 

1,000-5,000 

5,000  and  over 

"3 
o 

114338—39- 


190 


STATISTICS   OF   INCOME 


ss 


So 
_;->o 


^  .—    CD 


1    1    1    1    1    1    1    1« 

!    i    1    1    !    1    1    1    1    1    1   !    1    1    I 

!    I    i    1    1    1    1    !    1    !    1    1    1    !    ! 

CO 

1      1      1      1      1      1      1      .      1      1      1      i  ~      )      1  CO 

!   !   !   1   !    !    !   !   :    1   1   !       11 

•^ 

1 tCCUOCC 

•>JI 

1      1      1      1      1      I      1      1      1      1      1      1      I  Cvi  o  .,(. 

^ 

1      1      1      1      !      1      1      1      1      I^^U5;00(N 

i  i  i  i  i  i  i  i  ;  i 

lO 
<N 

I    1    1    1    1    1    1    1    1    l-#a5co-*  oi-* 

1      i      !      I      I.-!      1      I  w  ^  OS  QO  CO  00  CO  PO 

1      1      1      1      1      1      1^       1  CDOO  OCR  CO  ^ -^ 

i'      ,'.-(      1      1.-I      I-H{N1N-H(M-*M— 1      1 

00 

rt      ■-<      1       Im      1^  C^  — .  CDOOCMM  (M-h 

o 

^      1      1  ^H      i-^OO'-H      i-^OO^CCOCO      t 

g 

C^l      1      1  ^  N  Oi  ■*  f^  ^  ^  O  O  O  ■*  iO      1 

CO 

i0050CS-»JH05-^COtO-^f^t---CC*0»0 

OTt<T}<c<3e<5ooioeocot^t~t^^(Mcc 

o 

00' 

3,851 

1,240 

694 

440 

375 

997 

516 

287 

197 

524 

383 

272 

108 

73 

60 

13 

o 
o 
o 

3,960 
1,289 
736 
474 
411 
1,103 
582 
331 
238 
623 
509 
407 

138 
153 
48 

CO 

Under  1 

1-2 

2-3 

3-4- 

4-5 

5-10 

10-15 

15-20 

20-25 

25-50 

50-100 

100-250 

250-500.-- 

500-1,000 

1,000-5,000 

5.000  and  over 

\       1       !       ',       IrHrt       !rf       \       l-^N 

1    !    1    1    1    1    1    l!rt    \^-v 

1      1      I      1      ',      \      1      I^      '-J<rt(M 

i      1      1      1      1      1      1      1  —.  C»  (N  ^      1 

\l-^      1      .'      1—1      Iw      IcOC^-i      1 

CM— 1      1      1      1      1      1^      1— ICNCON 

^— *ocoecaioo^Gocco-^<N 
00  CO  <N -H  ^  m -H —,      c^coc^-H 

8.105 
1.542 
830 
488 
324 
801 
310 
180 
110 
270 
170 
132 
35 

8.188 
1,575 
850 
504 
337 
842 
330 
194 
121 
303 
211 
169 
60 

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 

STATISTICS    OF   INCOME 


191 


,-1-^  M 


1    -^ 


1  1  ;  ',  ;  1  1  iwcq 

■<»< 

p    1    1    !    1    !    '  C4t^    1 

CT> 

1    1    't    1  rt  tr  tc  M  ui    1 

05 

1      1      ',  (N  —  O  ,*  CO  X  « 

s 

r-1  cc  —                    00 

CS      1      1      ilM 

,-COMOt^>Ot^lNCO-H 
CO  CO  M*  ^  ^ 

1      ',      'i      I  ,-1  r- CO  IN  <0  O  OC  O:  ■<)■  M      ■      1 

\      ',      \      1  ,.H  CC  r-i  U5  <D  O  to  •- t~  M      i      1 
,11,                                CC  rf  e^ 

s 

^  —  —  c^  re  c^                         *o 

t^  cc  »c  oi  o;  o  ^  ^  *c  cc  c:  X  X  —  cc 

CCCCC<llMtC-wC^ 

g 

05XINCCO:ClmC-)t0^il50tCCCrt 

02«otpc«5(Mc;>occc^;cc,;m 

ccior^»o.^OH-,oc^co.^or^csc^c^ 

CO 

1^  X  ":>  re  c^  cc  iM  — '      ^ 

t^cnt^cMcot^Or-io-^csccceMxm 

xcniocccNt^m^rtMrt 

Under  1. 

1-2 - 

2-3 - -. 

3-4. 

4-5 

10-15 

1,5-20 

20-25 

25-50 

50-100. _ 

100-250 

250-,TOO 

500-1,000 

1,000-5,000... 

5,000  and  over 

'a 
o 

1    !e>i 

1     I     1  ,-(,-(     1     1 .1  c*     1     1     1 

t^ 

O 

o 

l-l 

H 

lO 

llN       \       !  rt  CO  C^  C^  rH  ,-1 

CO 

O 

11 

M 

w 

rn 

c^ii-Hi;ii^i(Nrtii 

t~ 

"Z 

K 

CO-H  c^ 

CO(N—  CS         CO—  -i^C-J-H 

C-J 

K 
1 

W 
0 
< 

CO  ^  C-»  CO -JT  t^  CO  CS  CO  >C  CO  M -1      ■ 

s: 

^HiCOiXCO-^rOtNXt^CDXiOCC,^      1 
<CXXC^OiC^O'<rC^»OC^,-t                         ' 
X  (N  ,-.,-(        M  ,-1                                                    ' 

g 

o 

OOOiCOitOINCOCOOO'tl^XOOCOCD-^ 
t^cOXC0t^O5C0COC0-^CS00'-» 

ioira^o>xxiN>ocoira,-c 

CO 

too  lOM  —  CO,-l 

0<:DO^tOXOOC^COCOC05DCOt>. 
■^XC0005h-icO>OCO<OC.),-( 

to" 

f>.  o  "5  CO  wa< -H 

Under  1... 

1-2 

2-3 .- 

S-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 

> 

o 
■c 
-c 

a 

§ 

o 

2 
o 

192 


STATISTICS    OF   INCOME 


"    5-       „ 


■g>      5 


2r^ 

O 

oJ 

u 

'4. 

M 

H 

"-io 

M 

% 

W 

oR 

H 

NCS  (N  t*0 


CSOOrH  (McD-«J4 


CO  »C  b»  CO  OS  t-f  CO 


CSOiCOCDC^C^ 


•-<  i-H  O  t?  CS  Tf  1-1 

»-<  rt  .-H 


5ioas»ccoooco?co>ot^oc^Tj< 


coccc^rHcccoor>.iooo»coo^o«-i 

CJ  C^  -^  C-  CO  CO  c^ 


tOCl^'«J<COT»<iOC<ICSO'<*<OiOW3T 

tJ*CC--lT}<t^CO»-l.-i 


C^rJ<,-(Oi'»}^^OS^'»J'Oc 


■^  (M  t^  CO 


)  »0  <0  CO  t^  "O  CO  i-t 


Ml-^-^t^OiC^OOOOsOCOCO^COiC 

"^ro'^iocc'"— ocococst>-cOi-H 


COr-H  ,-1 


I—  <_J  ^J  <."<  (.^  ^fcj  ^iJ  ' 
f^  OJ  O  iC  Tji  o  »o  ( 


^  OO  I>-  CO  rH  CM  i-H 


'^Tt^t--<;ooo'«tcoO'-ico^C'<*<cooOi-H» 

>f-HOOOCOTj<Tft^-^00-^CS 
CO  rr"  C^  ^  i-H  CO  i-H 


(Mt^CMOiC0O5OiCCOlCMC^»Ot^-^5O'^ 

_Ht^r-,cDQOCO'^QCOCOCDCO-^CDCO«D 
•^OC0'^00O"^-^03C^'<**O'^CSC^ 

lo  *oco  Ni-Tio  c^i-T     c4«-H,-H 


»o  rH  ^  ,-1  CM  T^  .-( 


1-c  C^  CM  w  1-H 


^iO"^CMCO»OwtO 


«^».-i?DiOOOiCDt^ 


COCOt-COCOCOOSCO'^OOOlt-^COCM 


IOCOCOCO»OIO'^'^CM,-1 


t^CMCMTt*— i00»O'n''-''^O-- 'COIOCM.-H 


Oa>OCO<NCiCMOw,-.CMOO(NC*)CO 
CM  »-*         1-1  ■-*  CM  ^  .-. 


CO00C0t~-.C0C0<D(OCM»O<OCO00C0CO 
iCCM»-HCMi-»>OCM'-«»-iC'.CMCM 


<— lOOOCOO^-'--lT^CMOCt>.00<C-C.'-^' 

OCOccCi-— •!— 'OiuOi— 'CCTfOiCO-— <r-i 
■-•^-TpCMCMtDC^li— I'-HCM.-i 


OilCOC'--'COCOQ0005iOO^COTt*CClO 
CO-^Tft--I^COTj*T-ir--CDCOCOO'TfCM 

occ^iTf"^cDt-TroC'<t*o*oco.-i 

05  GO -^  CM  r-TcO  --T  i-T 


OO0i0C'0;'^G0OCD"<*<00»Oi-i 

s-^CM^-^^i-T      t-T 


CO 


m 

w 
a 

^      j  a  C^:OrJ<  lO 
Ph       Oi-CMCO^* 


>  COc 


_^0)CMiSi-<l      I     loo 

•-•111   L-LoO(±>oo 

lOi— (1-tCMC^liO.— iCMiO'— *iO 


'OoSi 

iiCOiOOOCgiOi-Hf 
-O-T^CMCMiC— <     I      '±C 

.     ,     -   _    ,o>ctoo*oo'' 

ICOTflO'-Hi-HCMCM»O^CMiO' 


STATISTICS    OF   INCOME 


193 


.-I  cs  CO  cr.  1— 1 1>.  <M 


CO  CO  "^  lO  CO  »-i 
t-l  CS  r-  .-i 


r-<  CO  --«  Tt^  i-(  CO  C 


:  CO  CO  o;  CO  T-H 


i,-tC^iOCCCOCOO;fCt^'^»-< 


COCOCOCCt—COOscOCCOiOC^JCCC^ 


i>-cococst-ioiocc":).-iiococi(N 

CO  C^  <M  ^  CC  i-H  ^ 


t^r-cccoi-ico^b-' 


00  '«»'  lO  cs  o  » 


SCO  OOOiO-^ 


iiocnt^o:-— (t^C^rH 


•^C^li-li-l  CO^  .-Hi-H 


r-tiOcOdt^T-HOsOC^OCiOCii-HMO 

Ot— i05ccmc^ocooot^QO»Oi— * 

OCOt-^CSOOCS'— iiC'^CCCO'— ( 


or^cooocr.iocoiOGOt^iocC'^io^co 
ot^cocD^Ci-— 'a50'-<o:»ocoi-tcs 

iQiOOScOCTSL'^COCC^'— •iCCO'— < 


lO  o  too  OCS  " 

O  1-H  CS  C^  lO  i-l     I 


CO         '  i-H   F-H  Tt<         t  I-H   O) 


^  .-H  CS  C^  i-( 


C^^  iO  C*  i-H  C^  CO  C^l  CO  1-H 


OO-^COCOCCOOCCiOiOOCS^ 


1— '  CO  O  »0  10  CD  C 


<  CD  b-  rJ^CC  "5 


^O:t^a0O5iCTj4OiTl*C4 


ICllM   r-H  i-H 


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-^(M'^t^o.-'cor'-aicooir^t^c^ 

COOOO-^cOCD'^t-^'^OS'^tN 


CO  Ir^  -^  C<»  1— I  CO  ^ 


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REVENUE  ACTS  OF  1913-1936 

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 " 


195 


196 


STATISTICS    OF    INCOME 


Corporation  income  and  profits  tax  rates  and  credits,  under  the  Revenue  Acts  of  191S 

(1933),   also  the  special  excise  tax  rate 


Revenue  act 


Income  year 


Income  tax 


Specific 
credit  3 


Taxable  income  * » 


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).  i» 
1934  (May  10,  1934) .... 
1935,  (Aug.  30,  1935)... 

1936  (June  22,  1936).... 


1921 

1922, 1923. 

1924 

1925 

1926, 1927. 

1928 

1929- 

1930 

1931 

1932, 1933. 
1933 


1934, 1935. 
1936 


2,000 


2,000 
2,000 
2,000 
2,000 
2,000 
3,000 
3,000 
3,000 
3,000 


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)  e.xcess-proflts 
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  '3. 

...do 


.do- 
.do. 
-do. 
.do. 
.do. 
.do. 


All  net  income  ". 
....do. 13 


1936  (seep.  2). 


'Normal  tax  net  income:  21 

Less  than  or  equaling  $2,000 

Exceeding  $2,000  or  equaling  $15,000. 

Exceeding  $15,000  or  equalling  $40,000. 

Exceeding  $40,00C _ 

'Undistributed  net  income": « 

First  10  percent  of  adjusted  net  in- 
come 2' 

Next  10  percent  of  adjusted  net  in- 
come  

Next  20  percent  of  adjusted  net  in- 
come  

Next  20  percent  of  adjusted  net  in- 
come  

Remainder  of  undistributed  net 
income.. 


For  footnotes,  see  p.  198-200. 


STATISTICS    OF   INCOME 


197 


through  1936  and  certain  tax  provisions  of  the  National  Industrial  Recovery  Act 
and  credit  under  the  act  of  Aug.  5,  1909  ' 


Excess-profits  tax ' 

Tax  credit  for  income  and 
profits    taxes    paid  to 

Credit 

Taxable  income  < ' 

Rate 
(percent) 

foreign  countries  or 
United  States  posses- 
sions 

[$3,000  «  plus:  An  amount  equal  to  the 
same  percentage  of  Invested  capital ' 
for  the  taxable  year  as  the  average 
annual  pre-war  income  was  of  pre- 
war invested  capital  (not  less  than 
7  percent  nor  more  than  9  percent) ; 
or  if  corporation  was  not  in  existence 
1     during  at  least  1  whole  year  of  the 
]     pre-war  period,  8  percent  of  invested 
capital  for  taxable  year;  or  if  during 

either  no  net  income  or  a  very  small 
net  income  or  if  invested  capital  can 
not  be  determined,  same  percent  as 
that  of  representative  corporations. 
(See  sec.  210,  Revenue  Act  of  1917.) 

$3,000  «  plus  8  percent  of  the  invested 
capital '  for  the  taxable  year.' 

do. 

Net  income  equal  to  15  per 
cent  of  invested  capital 
less  credit. 

Net  income  in  excess  of  15 
percent  but  not  in  excess 
of  20  percent  of  invested 
capital. 

Net  income  in  excess  of  20 
percent  but  not  in  ex- 
cess of  25  percent  of  in- 
vested capital. 

Net  income  in  excess  of  25 
percent  but  not  in  ex- 
cess of  33  percent  of  in- 
vested capital. 

Net  income  in  excess  of  33 
percent  of  invested  cap- 
ital. 

Net  income  equal  to  20  per- 
cent of  invested  capital 
less  credit. 

Net  income  in  excess  of  20 
percent  of  invested  cap- 
ital. 

Net  income  equal  to  20  per- 
cent of  invested  capital 
less  credit. 

Net  income  in  excess  of  20 
percent  of  invested  cap- 
ital. 

do        

20 
25 

35 

45 

60 
•30 

65 
10  20 

40 

For  1917  and  prior  years, 
income  and  profits  tax- 
es paid  to  foreign  coun- 
tries or  United  States 
possessions  were  not 
allowed  as  tax  credit, 
but  were  included  in 
general  deductions 
from  gross  income,  ex- 
cept that  taxes  paid  to 
foreign  countries  were 
not  allowed  to  foreign 
corporations. 

Amount  paid  or  accrued.* 
Do.« 

do.'i 

Do." 

Do." 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do.i' 

(121-^  percent  of  adjusted  declared  value 
1    of  capital  stock. 

do 

Net  income  in  excess  of 
credit. 

do.2o 

}       = 

5 
6 

12 

Amount  paid  or  accrued." 

10  percent  of  adjusted  declared  value  cf 
capital  stock. 

Net  income  2"  in  excess  of 
10  percent  and  not  in 
excess  nf  15  percent  of 
adjusted  declared  value. 

Net  income  in  excess  of  15 
percent  of  adjusted  de- 
clared value. 

198 


STATISTICS    OF    INCOME 


Corporation  income  and  profits  tax  rates  and  credits,  under  the  Revenue  Acts  of  1913 

(1933),  also  the  special  excise  tax  rate  and  credit 


Kevenue  Act 

Income 
year 

War-proflts  tax  2 

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  capita!  for  the 
taxable  year,  whichever  is  greater.^' 

80  percent  of  net 
income  in  ex- 
cess   of    war- 
profits  credits. 

1008  (less  amount 
of  excess-prof- 
its tax). 

Surtax  rates  for  personal  holding  companies  " 


Revenue  Act 


Income  year 


Taxable  income:  Undistributed  adjusted  net  income 


Rate 
(percent) 


1934- 
1936. 


1934, 1935. 
1936 


Less  than  or  equaling  $100,000 

Exceeding  $100,000 

Less  than  or  equaling  $2,000 

Exceeding  $2,000  or  equaling  $100,000 

Exceeding  $100,000  or  equaling  $500,000.. 
Exceeding  $500,000  or  equaling  $1,000,000 
Exceeding  $1,000,000 


Reference  to  notes  mean  the  notes  of  this  synopsis. 

1  All  corporations  are  required  to  file  returns  regardless  of  amount  of  net  income  or  loss,  except  those 
exempted  by  specific  provisions  or  the  law. 

Under  the  Revenue  Act  of  1909,  corporations  were  required  to  file  returns  on  a  calendar  year  basis;  unde' 
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  subsequent  acts  life  insurance  companies  are 
required  to  file  on  a  calendar  year  basis  in  accordance  with  the  State  laws  regulating  insurance  companies. 
Foreign  corporations  arc  required  to  file  income  tax  returns  for  all  income  from  sources  within  the  United 
States,  regardless  of  amount,  and  are  entitled  to  the  statutory  deductions  allowed  against  such  income, 
except  that  for  1936,  foreign  corporations  not  engaged  in  trade  or  business  in  the  United  States  and  not  having 
an  office  or  place  of  business  therein,  being  liable  to  tax  only  upon  their  fixed  or  determinable  annual  or 
periodical  income  from  sources  within  the  United  States,  are  not  required  to  file  returns  unless  the  total  tax 
has  not  been  paid  atgource.    When  filing  returns,  such  foreign  corporations  are  not  allowed  any  deductions. 

From  Jan.  1,  1918,  through  Dec.  31,  1021,  personal  service  corporations  were  treated  as  partnerships. 
Prior  and  subsequent  to  said  dates,  such  corporations  were  taxed  as  other  corporations.  For  1934  and  sub- 
sequenit  years,  personal  holding  companies  (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  page  54.) 

2  For  the  years  1918  through  1921,  the  war-i)roStb  and  excess-profits  tax  of  foreign  corporations,  and  for  1921 
the  war-profits  and  excess-profits  ta.v  of  corporations  deriving  a  large  portion  of  their  gross  income  from 
sources  within  a  possession  of  the  United  States,  is  computed  by  comparison  with  respresentative  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.) 

»  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,  192S  and  subsequent  years;  not  allowable  to  foreign  corporations,  1918  and  subsequent 
years. 

*  In  arriving  at  the  net  income  subject  to  income  tax  for  the  years  1917  through  1921  there  is  allowed  as  a 
credit  the  amount  of  excess  profits  tax  (and  for  191S  through  1921,  the  war-profits  tax);  for  1933  through  193!^ 
no  credit  was  allowed  for  excess-profits  tax  in  arriving  r.t  net  income  subject  to  income  tax,  nor  was  a  credit 
allowed  for  income  tax  in  iirriving  at  net  income  subject  to  excess-profits  tax;  for  1936  the  amount  of  excess- 
profits  tax  is  allowed  as  a  credit  ia  arriving  at  the  net  income  subject  to  income  tax. 

'  Net  income  means  "statutory"  net  income,  :.  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 
ources  within  a  possession  of  the  United  States  report  only  income  from  sources  within  the  United  States, 
or  income  from  sources  within  or  without  the  United  States,  received  within  the  United  States.  (See  sec. 
262  of  the  Revenue  Acts  of  1921,  1924,  and  1926  and  see.  251  of  the  Revenue  Act  of  1928  and  subsequent  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 
>fter  Apr.  6,  1917,  for  the  production  of  articles  contributing  to  the  prosecution  of  the  war,  is  included  to  a 
reasonable  amount  in  business  deductions  for  1918  through  1921. 

(6)  Dividends  received  on  stock  of  all  corporations  liable  to  the  tax  imposed  by  the  Revenue  Acts  of  1909, 
1917,  and  1918  are  ded'uctible.  (Such  deductible  dividends  are  not  included  in  the  amount  of  gross  income 
shown  in  "Statistics  of  Income"  for  1918  due  to  the  fact  thpt  on  the  return  these  dividends  were  designated 
as  nontaxable  income.)  Under  the  Revenue  .\cts  of  1913  and  1916,  dividends  are  not  deductible.  Under 
the  Revenue  Acts  of  1921  through  1934  there  may  be  deducted  the  full  amount  of  dividends  received 
from  domestic  corporations  and  from  foreign  corporations  deriving  a  certain  amount  of  income  from  sources 
Within  the  United  States;  but  under  the  Revenue  Act  of  1935,  only  90  percent  of  the  amount  of  such  divi- 


STATISTICS    OF   INCOME 


199 


through   19S6  and  certain  lax  provisions  of  the   National  Industrial  Recovery  Act 
under  the  act  of  Aug.  5,   1909 — Continued 


Revenue  Act 

Tax  on  income  from  Government  contracts 

Income  year 

Taxable  income 

Rate  (percent) 

1918  (Feb.  24,  1919). .- 

1919,1920--.. 
1921 

Total  amount  of  net  income  de- 
rived  from    Government    con- 
tracts made   between   Apr.   6, 
1917,  and  Nov.   11,   1918,  if  in 
excess  of  $10,000." 

do... 

Excess-profits  and  war- 

1921  (Nov.  23,  1921)     .. 

profits   tax   rates  of 
Revenue  Act  of  1918, 
as    limited    by   sec. 
301(c). 

Do. 

dends  were  deductible,  which  provision,  however,  was  superseded  by  the  Revenue  Act  of  1936,  which 
provides  for  a  credit  against  net  income  of  85  percent  of  such  dividends  for  1936  and  subsequent  years. 
These  deductions  are  not  allowed  for  dividends  from  corporations  deriving  a  large  portion  of  their  gross 
income  from  sources  within  a  possession  of  the  United  States,  nor  for  dividends  from  China  Trade  Act 
corporations,  Under  the  Revenue  Act  of  1932  and  subsequent  acts  dividends  from  tax-exempt  corpora- 
tions are  not  deductible,  and  under  the  Revenue  Act  of  1934  and  subsequent  acts  foreign  dividends  are  not 
deductible.  For  1936  and  subsequent  years,  mutual  investment  companies  are  not  allowed  the  credit  for 
dividends  received  but  are  allowed  the  credit  for  dividends  paid.  (See  sec.  13(a)  (2)  (3),  Revenue  Act  of 
1936.)  For  deduction  of  dividends  paid  on  preferred  stock,  by  certaita  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  Acts  of  1934  and  1936,  which  section  was  added  to  the  Revenue 
Act  of  1934  by  Public,  No.  374,  74th  Congress. 

(c)  For  1936  and  subsequent  years,  corporations  (including  insurance  companies  other  than  life  or  mutual) 
are  permitrted  to  include  in  deductions  against  gross  income,  the  amount  of  charitable,  etc.,  contributions 
not  in  excess  of  5  percent  of  the  net  income  computed  without  benefit  of  the  deduction  for  contributions. 

(d)  Losses  sustained  during  a  taxable  year  and  not  compensated  for  by  insurance  or  otherwise,  are  en- 
tirely deductible,  e.xcept  that  for  1932  and  1933  losses  from  sales  or  exchanges  of  stocks  or  bonds  (other  than 
capital  assets  and  other  than  bonds  issued  by  a  government  or  political  subdivision  thereof)  are  allowed 
only  to  the  extent  of  the  gains  from  such  sales  or  exchanges.  The  Revenue  Act  of  1932  provides  that  any 
excess  loss  thus  disallowed,  computed  without  regard  to  any  losses  sustained  during  the  preceding  taxable 
Y^BX,  is,  to  an  amount  not  in  excess  of  the  taxpayers  net  income  for  the  taxable  year,  considered  as  loss 
sustained  in  the  succeeding  taxable  year  from  sales  or  exchanges  of  stock  or  bonds  other  than  capital  assets. 
Thehmitation  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  losses  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  taxpayer,  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,  corporations  are  permitted  to  deduct  capital  losses 
to  the  extent  of  $2,000  after  subtracting  the  amount  of  capital  gains  (such  deduction  not  to  exceed  the  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  Acts  of  1934  and  1936.) 

(e)  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  succeeding  taxable  year.  The  Revenue  Acts  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  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  one  succeeding  taxable  year  only.  However,  section 
218  (a)  of  the  National  Industrial  Recovery  .\ct  repeals,  effective  as  of  Jan.  1,  1933,  sections  23  (i)  and  117 
of  the  Revenue  Act  of  1932,  thereby  removing  the  privilege  of  deducting  from  the  net  income  for  the  current 
taxable  year  a  net  loss  for  the  preceding  taxable  year.  There  is  no  provision  in  the  Revenue  Act  of  1934  or 
subsequent  acts  for  deduction  of  net  loss  for  prior  year. 

(/)  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  1917,  and 
sees.  325  and  326.  Revenue  Act  of  1918.)  For  1917,  foreign  corporations  reported  that  proportion  of  invested 
capital  which  net  income  from  sources  within  the  United  States  was  of  the  entire  net  income.  For  the  years 
1918  through  1921,  it  was  not  necessary  for  foreign  corporations  to  report  invested  capital,  and  for  the  year 
1921  it  was  not  necessary  for  corporatinns  deriving  a  large  portion  of  their  gross  income  from  sources  within  a 
possession  of  the  United  States  to  report  invested  capital.     (See  note  2.) 

•  Provided  that  in  no  case  shall  the  sum  of  the  excess-profits  tax  and  the  war-profits  tax  for  the  year  1918 
be  more  than  30  percent  of  the  net  income  in  excess  of  $3,000,  and  not  in  excess  of  $20,000,  plus  80  percent  of 
the  net  income  in  excess  of  $20,000.    (See  sec.  302,  Revenue  Act  of  1918.) 

'  Foreign  corporations  were  not  allowed  to  deduct  income  taxes  paid  to  foreign  countries  either  as  a  tax 
credit  or  in  general  deductions  for  the  years  1918,  1919,  and  1920. 

'«  Provided  that  in  no  case  shall  the  tax  be  more  than  20  percent  of  the  net  income  in  excess  of  $3,000  and 
not  in  excess  of  $20,000  plus  40  percent  of  the  net  income  in  excess  of  $20,000.  (See  sec.  302,  Revenue  Act  of 
1918.) 

(Footnotes  continued  on  p.  2(K)) 


200 


STATISTICS    OF    INCOME 


•'  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. 

n  Beginning  with  1921,  the  credit  cannot  exceed  the  proportion  of  the  total  tax  against  which  the  credit  is 
taken,  that  the  taxpayer's  net  income  from  sources  without  the  United  States  bears  to  the  entire  net  income. 
This  credit  does  not  apply  to  foreign  corporations  or  to  domestic  corporations  deriving  a  large  portion  of 
their  gross  income  from  sources  within  a  possession  of  the  United  States,  but  to  such  corporations  these 
taxes  are  allowable  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  deduc- 
tions against  gross  income.    (See  note  17.) 

13  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 
included  in  gross  income  (e.  g.,  see  sec.  236  (a),  Revenue  Act  of  1924).  For  1922  and  subsequent  years, 
China  Trade  Act  corporations  are  entitled  to  a  specific  credit.    (See  sec.  264  (a),  China  Trade  Act,  1922.) 

i<  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 
12^/^  percent. 

'» See  joint  resolution  of  Congress  No.  133,  approved  by  the  President  Dec.  16,  1929,  reducing  rates  of 
income  tax  for  1929. 

"  For  1932  and  subsequent  years,  the  taxpayer  may  elect  to  credit  the  income  and  profits  taxes  paid  to 
foreign  countries  or  United  States  possessions  (with  certain  limitations)  against  the  income  tax  liability  to 
the  United  States,  or  to  include  the  entire  amount  of  such  taxes  in  deductions  against  gross  income.  (See 
sees.  131  and  23  (c)  (2),  Revenue  Act  of  1932  and  subsequent  acts.) 

"  The  rate  of  tax  on  consolidated  returns  for  1932  and  1933  is  14H  percent,  except  for  returns  with  fiscal 
year  ended  in  1934  on  which  the  tax  attributable  to  1934  is  at  the  rate  of  Mn  percent.  (See  sec.  218  (e), 
National  Industrial  Recovery  Act.)  The  rate  of  tax  on  consolidated  returns  witli  year  beginning  on  or  after 
Jan.  1,  1934,  is  15?i  percent.  Under  the  Revenue  Acts  of  1934  and  1936  only  railroad  corporations  are  per- 
mitted to  file  consolidated  returns. 

"  Sep  note  5  (d)  and  (e)  and  note  18. 

"  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.  Under  the  Revenue  Act  of  1936  a 
credit  against  net  income  for  excess  profits  tax  computation,  is  allowed,  equal  to  the  credit  for  dividends 
received,  provided  in  section  26  (b).    (See  also  note  13.) 

'1  "Normal  tax  net  income"  is  net  income  less  (1)  credit  for  interest  received  on  obligations  of  the  United 
States  and  its  instrumentalities  and  (2)  credit  of  85  percent  of  the  amount  of  dividends  received  from  domes- 
tic corporations  subject  to  tax.  Mutual  investment  companies  may  also  claim  as  credit  the  amount  of 
dividends  paid. 

"  Certain  corporations  are  not  liable  for  the  normal  tax  and  surtax,  as  provided  in  sections  13  and  14  of  the 
Revenue  Act  of  1936,  but  are  taxable  at  the  following  rates:  Insurance  companies,  15  percent;  banks  or  trust 
companies,  15  percent;  corporations  entitled  to  benefits  of  sec.  251, 15  percent;  China  Trade  Act  corporations, 
15  percent;  foreign  corporations,  resident,  22  percent;  nonresident,  15  percent  (except  dividends,  which 
are  taxable  at  10  percent  unless  such  rate  be  reduced  by  treaty  with  contiguous  country  to  a  rate  not  less  than 
5  percent.    See  sec.  231,  Revenue  Act  of  1936). 

"  "Undistributed  net  income"  subject  to  surtax  is  "adjusted  net  income"  (see  note  24)  less  a  credit  for 
amount  of  dividends  paid.  The  following  corporations  are  not  subject  to  the  surtax  on  undistributed 
profits;  (a)  Banks,  (6)  domestic  corporations  which  for  any  portion  of  the  taxable  year  are  in  bankruptcy, 
(c)  insurance  companies,  (d)  foreign  corporations,  (e)  corporations  deriving  a  large  portion  of  their  gross 
income  from  sources  within  a  possession  of  the  United  States,  (/)  corporations  organized  under  the  China 
Trade  Act,  1922,  (g)  joint  stock  land  banks. 

"  "Adjusted  net  income"  is  the  net  income  less  (1)  the  normal  tax  and  (2)  the  credit  for  interest  re- 
ceived on  obligations  of  the  United  States  and  its  instrumentalities.  When  the  "adjusted  net  income" 
Is  less  than  $50,000,  a  specific  credit  is  allowed.    (See  sec.  14  (c).  Revenue  Act  of  1936.) 

"  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  ■* 

'•  A  corporation  subject  to  this  tax  was  exempt  from  the  excess-profits  tax. 

"  For  definitions  of  personal  holding  companies,  see  section  351  (b).  Revenue  Acts  of  1934  and  1936. 

Noi  E . — For  the  year  1917  there  was  also  a  tax  of  10  percent  upon  that  portion  of  the  total  net  income  remain 
ing  imdistributed  six  months  after  the  close  of  the  taxable  year,  in  excess  of  the  income  actually  employed  in 
the  business,  or  invested  in  obligations  of  the  United  States  issued  after  September  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,  under  the  individual  income  tax  law. 

For  the  years  1921  through  1923,  an  additional  tax  of  25  percent  was  imposed  upon  the  taxable  net  income  of 
a  corporation  where  it  was  shown  that  there  had  been  an  evasion  of  surtax  as  the  result  of  an  unreasonable 
accumulation  of  profits.  This  additional  tax  was  increased  to  50  percent  for  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  tneir  entire  distributive  shares,  whether  distributed  or  not,  of 
the  net  income  of  the  corporation  for  such  year,  with  the  added  provision  for  1936  and  subsequent  years  that 
90  percent  or  more  of  such  retained  net  income  be  included  in  the  gross  income  of  shareholders  other  than 
corporations.  The  rates  of  tax  on  corporations  improperly  accumulating  surplus  (other  than  personal  hold- 
ing companies)  for  the  years  subsequent  to  1933,  follow: 


Revenue  Act 

Income  year 

Taxable  income 

Rate 
(percent) 

1934 

1934,  1935 

1936 

Adjusted  net  income  less  than  or  equaling  $100,000-. 

25 

35 

1936 

Adjusted  net  income  less  than  or  equaling  $100,000-- 

"15 

"25 

•  For  corporations  not  subject  to  the  surtax  on  undistributed  profits,  these  rates  are  25  and  36 
percent.    (See  sec.  102,  Revenue  Act  of  1936.) 


INCOME  TAX  FORMS 


201 


FACSIMILES  OF  CORPORATION  INCOME  TAX  RETURNS  FOR 
1936,  FORMS  1120,  1120L,  AND  1120H 


1120.  Corporation  income  and  excess-profits  tax  return. 

1120L.  Life  insiu-ance  company  income  tax  return  for  companies 
issuing  life  and  annuity  contracts,  including  combined  life,  health, 
and  accident  insurance. 

1120H.  Personal  holding  company  return. 

203 


204 


STATISTICS    OF   INCOME 


RETURN  rORM  MARKED  "DUPLICATE"  MUST  BE  FILED  WITH  THIS  ORIGINAL  RETURN 


Form  1120 

CORPORATION  INCOME  AND  EXCESS-PROFITS  TAX  RETURN 

Page  1  of  Return 

For  Calendar  Year  1936 

or  Fi.c«I  Year  bcEun _,  1936,  and  anded       1M7 

(ABdliw'a  Stoov) 

r«i« 

SwUI 

(tMt«M(U»fDHlb«) 

Dirtrkt „ ^ 

CMb          Check          M.  O.          Orl.«ftwL 

In  IrTcqMdin  of  Any  SUUioenlj,  Schedules,  w  Report*  Su!»iiUed  Herewith 

s 

EXCESS-PROHTS  TAX  COMPUTATION 

J.  Value  of  capital  stock  as  declared  in  vour  capi- 
tal-Btock  tax  returo  for  vear  endetl  June  :>0, 

$ 

lion  No. 
7.  Net    income    subject    to    excesB-profita    tax 

1936  (or  your  capiUl-etock  tax  return  fur  year 
ended  June  30,  1937,  if  vour  income  tax  fiscal 
year  began  in  1936  and  ended  on  or  after  July 
31,1937) ^_ ... 

8.  AmouDt  taxable  at  6  percent  (item  7  or  6  per- 

r#Hil.  ^f  if^p^  J,  whirhf^pr  «  I"*™)  ., 

9.  Amount  taxable  at  12  percent  (item  7  mlnue 
it*.m  m 

$ 

2.  Net  income  for  excess-profits  tax  computation 
(item  27.  page  2). _ _ 

$.. 



3.  heBBi   Dividends  received  credit  (85  percent  of 
item  12  (a),  page  2) 

10.  Exceas-profits  tax  at  6  percent  (6  percent  of 

11.  Excess-profits  tax  at  12  percent  (12  percent  of 

item  9) _ 

12.  Total  cxcese-profita  tax  (total  of  items  10  and 

111 _ 

$...„. 







fi.  Less:   10  percent  of  item  1     

6.  Net  income  subject  to  excess-profits  tax  (carry 
for^-ard  as  itcjn  7) 

$ 

S 

parent  corporatic 


INCOME  TAX  COMPUTATION 


NORMAL  TAX  • 
13-  Net  income  for  Income  tax  computation  (item  29,  page  2) 

14.  Less:  Intere6t  on  obligations  of  United  States,  etc.  (item  8,  page  2).. 

15.  Dividends  rcceii 

credit  not  alio 


17.  Normal-tax  net  i 


i  items  14  and  16  or  14  and  16).. 


18.  Tax  on  portion  of  item  17  cot  i 


»ce68  of  S2,000 

js  of  $2,000  and  not  i: 

B  of  $15,000  and  not  i 


.  Tax  on  porti 
,  Total  Nohi 


Tax  (Amount  of  tax  in  items  18  to  21,  inclusive) ^ _ 

•□Foreign  corporations  ocgaged  in  trade  or  businees  within  the  United  States  or  having  an  office  or  place  of  busincns  therein 
are  taxable  at  the  rate  of  22  percent  on  item  17,  and  □  certain  banks  and  trust  companies  (see  Instruction  31).  D  corporations 
entitled  to  the  benefits  of  Section  251  of  the  Revenue  Act  of  1936,  D  corporations  organized  under  the  China  Trade  Act,  1922, 
and  D  intsurance  companies  are  taxable  at  the  rate  of  15  percent  on  item  17,  instead  of  at  the  rates  prescribed  in  items  18  to  21, 
inclusive,  above.  In  such  coses  the  amount  of  tax  should  be  entered  as  item  22,  and  the  taxpayer's  claeeificatioo  should  be  indi- 
cated by  a  check  mark  (  V)  in  the  appropriate  box  space  in  this  note. 

SURTAX  ON  UNDISTRIBUTED  PROFITS 
(5ce  /na/rucdon  SS  respecting  corporatioru  exempt  fTot\ 

.  Net  income  for  surtax  computation  (item  29,  page  2).. „ 

.  Lcsg:  Normal  tax  (item  22,  above) „ Is I.. 

Interest  on  obligations  of  United  States,  etc.  (item  8,  page  2) „ 

Credit  allowable  to  holding  company  affiliate  (see  Instruction  33)... 

Credit  allowable  to  national  mortgage  as&ociatioo  (see  Instruction  34) 

,  Adjusted  net  income  (item  23  minus  items  24-27) 

.  Less:  Dividends  paid  credit  (see  Instruction  35) 

Credit  for  contracts  restricting  dividend  payments  (see  Instniction  36)1 


31.  Undistributed  net  income  (item  28  min 

32.  Less:  Specific  credit  allowable  onlv  wh 

(item  31  or  $5,000,  whichever 

33.  Remainder  subject  to  surtax  (item  31  i 


items  29  and  3i 
?  adjusted  net  i 
ess,  minus  lO^e 

IU9  Item  32) 


of  r 


,em  28. 


lof  ii 


a33i 


s  of  20%  and  not  in  € 
s  of  40%  and  not  ine 


Bof40% 

Bof"eo% 


Tax  on  portion  of  item  33  in  excess  of  00%  of  itor.i  2S 

Amount  of  tax  in  items  34  to  38,  inclusive 

Plus:  7%  of  amount  of  specific  credit  (item  32) 

Total  Sctbtax  (item  39  plus  item  40) 

Total  Normal  Tax  axd  Scrtax  (itefti  22  plus  item  41) 

Less:  Income  tax  paid  to  a  foreign  country  or  United  Stotes  possession  by  a  domestic  corporation  (see  I; 


1  42  I 


1  43V. 


STATISTICS    OF    INCOME 


205 


Pag«  2  of  Return 

Date  of  incorporation _ Under  the  laws  o(  what  State  or  country  . 

The  corporation's  books  are  in  care  of Located  at  ... 


of  how  many  corporations? 

If  this  is  not  a  consolidated  incomo  tax  return  of  railrond  corporations,  did  the  corporation  at  any  time  during  its  taxable  year  own 

SO  percent  or  moro  of  the  voting  stock  of  another  corporation  or  corporations? If  so,  attach  separate  schedule  show- 
ing with  respect  to  each  corporation:  (1)  name  and  address  of  corporation,  (2)  percentage  of  stock  owned,  (3)  date  stock  was  acquired, 
and  (4)  the  collector's  oflSce  in  which  the  corporation's  incorne  tax  return  for  the  taxable  year  was  filed. 

Is  the  corporation  a  personal  holding  company  within  the  meaning  of  Section  351  of  the  Revenue  Act  of  1936? (If  so, 

an  additional  return  on  Form  1120H  must  be  filed.) 


NET  INCOME  COMPUTATION 


GROSS  INCOME 


(&)  Material  or  merchandise  bought  for  manufacture  or  sale.. 

(c)   Mifloellancoua  costs  (frc 
0)  Salaries  and 

wages,  $ 


(d)  Total  of  lines  (<i),  (&),  and  (e) . 

(•)  Leas  inventory  at  end  of  year. — ™~_ 

,  Grosa  Profit  from  Salce  (Item  1  minus  Item  2) : 

,  Oroea  Receipta  (where  Inventories  are  not  an  income-detenniniog  factor). 

.  I>esB  cost  of  operolionfl  (from  Schedule  A,  Column  2): 
(a)  Salffnea  and  (6)  Other 

wages,  $ ,  ,  ;     costa,  $ ^ ;  Total,    

,  Gross  Profit  wtere  imrontories  are  not  an  income-determining  factor  (Item  4  minus  Item  6) — .^ 

.  Interest  on  Loana,  Notea,  Mortgages,  Bondfl,  Bank  Deposits,  etc — — .— 

,  Interest  on  GovcmmeDt  obligations,  etc.  (from  Schedule  M,  Linea  4  (o)  (6)  and  (7)) 

.  Capital  Gain  or  Lov  (from  Schedule  B)  (If  loss,  enter  auch  loaa  or  $2,000,  whichever  ie  less) 

.  Dividends  on  Stock  of: 

(a)  Domestic  Corporationa  subject  to  taxation  under  Title  I  of  Revenue  Act  of  I936.__„ 

(b)  Domestic  Corporations  not  subject  to  taxation  under  Title  I  of  Revenue  Act  of  1936 

(c)  Foroign  Corporations. .. — — — ^ >,— „ — ■——.... 

!.  Other  Income  (State  nature  of  income)  (Use  separate  echedule,  if  neceesary)..........^. ■..—.....- > 

i.  Total  Iwcomb  in  Items  3  and  6  to 


,  Compensation  of  Officers  (frc 
,  Rent  on  Busineaa  Property.^ 


DEDUCTIONS 

1  Schedule  C) 


17.  Repairs  (from  Schedule  E):  (a)  Salaries  and  Wagea,  $ ;  (6)  Other  Coets,  $.. 


19.  Interest  Paid  (from  Schedule  G),.._ 


Schedule  H).  (Do  not  Include  Federal  Excess-Profits  Tax  Reported  i 
Schedule  I) ;. ■ 


.  Contributions  or  Gifts  (fi 

,  Losses  by  Fire,  Storm,  etc.  (from  Schedule  J)— 

,  Depreciation  (resulting  from  exhaustion,  wear  and  tear, 

,  Depletion  of  Mines,  Oil  and  Gas  Wells,  Timber,  etc. 

,  Other  Deducti. 


obsolescence)  (from  Schedule  K)„ 
(Submit  schedule,  see  Instruction  24)„ 
Authorized  by  Law  (explain  below,  or  on  separate  sheet): 
<a)  Salaries  and  wages.     (Not  included  in  Items  2,  6,  15,  or  17  above)„„„ 

(6)  Stock  determined  to  be  worthless  during  the  taxable  year _.^ 

W ^-., 


Total  DEDncrroNs  in  Items  15  to  25,  iNCLusm: 

Net  Income  por  Excess-Proitts  Tax  CoiiprrATioN  (Item  14  i 
liESs:  Federal  ExcEss-PRorrrs  Tax  (Item  12,  Page  1) 

Net  Incoub  for  Iwcomb  Tax  Computation  (Item  27  mini 


114338—39- 


-14 


206 


STATISTICS    OF    INCOME 


Pa^  3  of  Return 


SCHEDULE  A 

(See  Instructionff  2  and  5) 

1.  COST  OF  SALES  (WHESE  INVETfTORlES  ARE  AN  INCOME^DETCJIMINING  FACTOR) 

2.  COST  OF  0PEHAT10NS  (WHERE  INVSNIORlEi  AM  NOT  »N  mCOME-DETBlMnaNC  FACTOR) 

,„., 

t^ST,)?^Sa 

...» 

AMOUTrr  fEoter  as 
Uoii.t.i>«.a 

. 

■S^l.riM  .nH  »>    ™ 

Oth>         U        ' 

1 

SCHEDULE  B— CAPITAL  GAINS  AND  LOSSES  (FROM  SALES  OB  EXCHANGES  ONLn   (See  Instruction 

U) 

,,T,.^™.„ 

--" 

3.   DilESOLD 

(Conlrect  price) 

6,  Cost 

°£"E;^?E° 

'sSo;^Jl'M»l!s 

j^^iSi^S 

0.  QiBf  OH  Losa 

Mo.  Dag  Ytaj 

Mo.  Dav  y^i' 

s 

s 

$., 

.._.. 



.._.. 



.._.. 

Gain  or  Lobs  (enter  net  amount  as  Item  1 1,  page  2;  if  net  amount  is  a  loss,  enter  that  amount  or  S2,000,  whichever  is  less) 

s 



State  (I)  how  property  wfla  acquired  ..y _ ;  (2)  whether  at  time  of  sale  or  exchange  purchaser  owned  more  than  50% 

In  value  of  your  outstanding  stock 

Every  sale  or  exchange  of  stock  should  be  reported  in  detail,  including  name  and  address  of  corp>oratioa,  class  of  stock.  Dumber  of  shares,  capital  changes 
affecting  basis  (stock  dividends,  other  nontaxable  dividends,  stock  rights,  etc.)- 

Copt  of  property  must  be  entered  in  column  5  if  a  loss  is  claimed  in  column  9. 

SCHEDLXE  C— COMPENSATION  OF  OFFICERS  (See  laetruction  15) 


1.  Name  A<n>  Acquess  or  OmcES 

.o^e^T... 

'■ITb?£S° 

SU»»  O,  StO«   0.»EI> 

lAMOo.TorC 

"oM~ 

,.  Common 

s.pioiai«l 

Itsm  IS.  FAC«  Z) 





_ -                                  _. 



.._ 

.._ 



Note:  Schedule  C-1  (IN  DUPLICATE)  also  must  be  filed  with  this  return  if  compensation  i 


9  of  315,000  was  paid  to  any  officer  or  employee. 


SCHEDULE  D— INCOME  FROM  DIVIDENDS  (See  iDstruction  12) 


Itemize  below  all  dividends  received  during  the  year,  stating  the 


and  the  name  and  address  of  the  corporation  which  declared  the  dtWdcod: 


SCHEDULE  R-COST  OF  REPAIRS  (See  Instruction  17) 

SCHEDULE  P— BAD  DEBTS  (See  Instruction  18) 

LITEMS 

M  lt«m  17,  p«^  2) 

..v^ 

=.«„«„-. 

'I.S^'' 

4.  Baj>  Debts 

* - 

S 

1934... 



- 

„ _ 

1936... 



SCHEDULE  C— INTEREST  PAID  (See  Instruction  19) 

).  To  WnoM  Vtm 

'-JS^ 

1».  IOOT» 



SCHEDULE  H— TAXES  PAID  (See  Instruction  20) 


1,  Nature  or  Tai 

..T0W»0>.PA» 

■uIt«m20,[«B» 

J 



STATISTICS    OF    INCOME 


207 


Page  4  of  Return 

SCHEDULE  l-CONTRODTIONS  OR  GIFTS  (Sea  InstrucUon  21) 

■.N«.^A».^o,0..^r,<» 

.*.o™. 

- - 

- 



, 

Total  (Enter  a 

8  Iter 

Q  21,  paee  2,  subject  to  5%  limitation  (see  Instruction  21)) 

S- 

~ 

SCHEDULE  J— EXPLANATION  OF  DEDUCTION  FOR  LOSSES  BY  FIRE, 

3TORM.  ETC 

(S 

ee  Instruction  22) 

1.  ElXD  0?  PEO?EBTt 

...,,.^^ 

3.  Cosr 

USvJJSS 

AUOWADU)  Sixes 

'^ij^rj^ 

7.   DESTi-TIIlLS  Losi 

S 

s 

$ 

1 

-- 

■■- 







£tate  bow  property  waa  acquired .. 


SCHEDULE  K— EXPLANATION  OF  DEDUCTION  FOR  DEPRECIATION  (See  Instruct! 


.   ElKDOP  PROPSRTT 


(iDdime 


DEniEXUTED  IM  USS 

AX  End  or  Ykas 


I.  Reu^yiNo  Cost 


.  CtMck  tb«  block  ti 


Pdo^  mad  hlcfrrd  product 
J — |B&k4r7  «nd  oonftcllonefy 

I — iCaaaed  prodocts— aih,  fri 

I — IMUI  prodjcifr— bna,  flour 

I — [  Packice-botue  prodBcts— i 

I — I  Sugar— b«ct.  cute,  meple:  i 

pnBavuaeas,  Mfc  drinks,  mill 
r~~|BrewIag  and  distilllas— Ji 
I — iTabAcco  prcduCU. 


f  eooda— boou,  ihwa,  hoae.  a 


Is  wmUl  and  plinlsg  tolD  prMuctS. 


□  CotbJD   Eoods— dress  bomIs.   ttc;   OApplac, 
dyolBK- 
□  Wonlea  u)d  wonUd  erods— drass  goods,  etc; 
wool  puUtng,  scounag. 
I     |8Uk  &iid  rayon  goods— drasa  goois.  Uirown 

j — I  Carpets,  floor  ooverto^  tapestrloi,  Unoloiun. 

I — lOtber  t£itil(is--oord,  felL  tur,  Uoea.  artiflcla] 

[""iClotMog— oistom-mado,  bctorymade,  oadar- 

I — I  Koit  gocds— swoitMS.  hosiery,  etc. 

I — |L<«tbM  boots,  Gbou,  sUpperT,  etc 

I     jOlhar    kttther    prodjcts— saddJary,    baTDosB, 

LJ  flc^ 

I — I  Bone, 

j     |0!b«    wo«>d    prc<hict»— carriages, 
[     j  Paper.  puJp  and  products, 
j — I  PrintlBC.  pubUsblng,  and  allied 

□  Petral«uii  acd  other  ndaeral  oU  refloiDg  aod 
products. 

I — I     products,  etc 

I    j  A  lliod  cbeaJcal  subet&ocee,  drugs,  oils,  soaps, 

,     I  Palota,  plgmasts,  Tanilsbcs,  etc 

] — iPertakan. 

I     [SisBe.  day.  glaa,  uid  ralatad  prodacta. 

□  Iron  and  Med— products  of  blast  romacea,  roD- 
Ing  mlUs,  rouudjlcs. 
I     I  Loixisotlvc]  and  ralkooJ  oqulpaicnt- 

J — I  Motor  Tab  Idas,  oomplete  or  parts. 


in  in  wblcb  tbe  corporstlos'i  main  Icoom»produ» 

M  AKUFACTT;RING-(Coa!lnued) 

I — iMscbioery— (aclory.  ii»d  In  producins  food. 
Mono.  c1a7.  giZ'iS,  leitilo  ood  wnoi  products! 

I — [Mochiner?— electrical  and  equipment. 

I — jMocblDcry— other,  bundinfT.constniction.  gaa 

I — ]  OtEce  e<;alpaieol. 

I — jM'.lal  buiiJicc  material  and  equipment. 

I — inardware,  IxU,  etc. 

I — I  Precious  metal,  products  aad  pronssM. 

I — lOtbor  metals,  products  and  prooessoa. 

MtseellaDcwis  Danolketarliig: 
rn  Radios,  complete  or  parts. 

I — j  Musical,   profe£9loiLtl.   and   selentUJe  Instm- 

1 — lAlrpUaef,  atshlpo,  scsplacas:  parts. 


I — iReiafl. 

I — ]  WhoIesaJe  ao4  relalL 

I — [  Other  trade— npalr  sorrlca,  ttraga.  etc. 

□  Bantsr-nfltlonal,     State,     prirata,    bbtIdk 
)olnt%tock  [&Qd  bai^ka. 
I — jStock  and  bond  brokeia,  loTestment  bankers 

I — I  Real  ftsuta,  i^tr  bolding,  rtnl  estate  agents. 

I     I  Insoranca  compantes  (not  ageats). 

□  Inv-estment   trusts,   stock    aT&dlcates,    stock 
h.:Idlng  companies, 
j     I  Other  flaan(»— loan  orimpanles.  bufldinj  and 
br^Jfcrs;  losunuif*  ttgenta. 

□  A«rlcii1tiir«  and   rwlala!  industries,  Indudlog 
flsbinf,  .'jreatry,  Ico-harvestlnc  leasing  such 

[— jMlnlng  «n?l  qmrrybyi.  Including  gu  and  oil 

□  CanatnictloD— aicaTatlona.  bndioE.  buildings, 
i^n.^d^,  stJiSi  equipping  and  '""'Vig 

I — I  Storaite— cold  storage,  gmln  elevators,  war> 

I — tPnblk  n  till  tic*— tJectrl;  Ugbt  or  power,  gas 

telephone.  nuUo,  -rater-wor^  heal  supply, 
toll  bridges  etp-:  toasing  such  atdliies. 

business,   a&usemeot. 


AFFTUATIONS  WITH  OTHER 


(Sea  InstnictJoa  39) 

bo  BUed  In.  sworn  ^^,  and  S. 


PSEDECCSSOR  BUSINESS 


bosinossas  In  eitstence  ijurlng  this  or  an; 
uswcr  Is  "yes",  gin  name  end  addraa 


praoe<llne 
prior  roar  since  December  31, 


ot,  <leMriba  folly  vh^t  otbot  b 


BASIS  OF  RETCRN 

if  cash  race[pts  and  disburaemaatsT .. 


PBSPABATION  OF  SETCBN  (9ee  *^S]CBataK«  and  YcrlflcatiMi**.  pace  6) 


SCBEDUL^ 

is  return,  gtrlng  [or  each  a  br 
corporation  shoold  beplaoed  on  each  s 


aoeompanrlng  the  rotnia.  . 


208 


STATISTICS    OF    INCOME 


Pa^  6  of  Return 


SCHEDULE  U-BALANCE  SHEETS     (See  Inetruction  43) 


■     -    - 

Bt^„n^o  0,  T*I..^.  V^a 

EST  o,  T.,.,L.  Y.... 

lrai8 

Amoimt 

Total 

Amomt 

Tow 

ASSETS 
1.  Caah: 

s 

S 

$ 

S 

(b)  Time  depoeits.  including  certificates  of 

(0  All  other  caeh_ _ _ 



~ 

1 

4.  Inventories: 

&  Investments  (nontaxable): 

(a)  Obligations  of  a  State,  Territory,  or 
political  subdivision  thereof,  or  the 
District    of    Columbia,    or    United 

(6)  Obligationa  issued  under  I^era!  Farm 
Loan    Act,    or    under   Fuch   Act  aa 

(d  Liberty  3%%  Bonds  and  other  obliga- 
tions of  United  St-at^s  issued  on  or 

(d)  Tre35ury    Notes,  Treasurj-    Bille,  and 
Treasurj-    Certificates    of   Indebled- 

(«)  Liberty  4%  and  4^%  Bonds.  United 
Statbs  Savings  Bonds,  and  Treasury 

(P  Obligations  of  instrumentalities  of  the 
United  States  (other  than  obligations 

CI.  Other  investments: 

-- 



(b)  Bonds  of  demestic  corporations 

(c)  Stocks  and  bonda  of  foreign  corpora- 

((fi  Al!  other  Investment*  or  loanB...  

^ 

7.  Deferred  charges: 

(f)  All  other 

£.  Capital  assets: 

(e)   Other  depreciable  assets. „ 

$. 

S-   . 

^pl                   Lees  reserves  for  depreciation.. 

(0            Less  rcser\'es  for  depletion 

0")   Land _ 

s _. 

9.  Piatenta 

]].  Other  assets  Cdeecribe  fully): 

12.                 Total  Assets » _ 

$ 

s 

UABILITIES 

9 _ 

16.  Mortgages  (including  bonds  and  notes  so  secured) 

17.  Accrued  expenses: 

(f)  All  other. 

18.  Other  Itftbilitics  (describe  fully): 

s. 

19.  Capital  stock: 

s„ 

(b)  Common  stock  Ocas  stock  In  treasury) 

20.  Surplus „ 

21.  Undi\'ided  profita 



22.                 Total  LiABiiiTiEs „ 

». 

$- 

STATISTICS    OF   INCOME 


209 


"Page  6  of  Return       SCHEDULE  M— RECONCILIATION  OF  NET  INCOME  AND  ANALYSIS  OF  CHANGES  IN  SURPLUS 


1    Net  InwroB  atom  »           3  of  return) 

J 

I.O.^„.M.0.a««,...: 

=a=l 



<«  (.)  Inco™u,p^d.o,b.UcMS.<,l,^. 

4.  KontaxabU  laconifi  (also  blenst  puttatlr  exempt); 

slons  or  foiolga  countrlos  U  claimed  as  a  credit  In 

<a)  iDtORSt  on: 

(I)  Obljgottonsof  6  etatc,  Territory,  or  poUclcal  subdlvl- 

Butes''^S^lo^°'*'"'"  *"'  ^'''"^'^  "'  "°"*^ 

(i)  SpodulLmproveaoattuoa  tending  to  Increase  tbe  value  of 

(3>  ObllcatloM  Issurf  under  FedorU  Farm  Loan  Act.  or 

(rt  Furnllufo  and  nilures,  additions,  or  bellermenta  treated 

0)  Oblleallons  or  United  Statw  tsued  on  or  bclor*  Sep- 

(1)  Treasury  Notes.  Trottsory  Bills,  and  TioasuTFCcrtif- 

ployee  wbcre  the  corporation  Is  directly  or  Indirectly  a 

or  carry  obli;allon3  (otber  than  obUgatlons  ot  the  United 
States  Issued  after  Seplombcr  21, 1917,  end  originally  sub- 
scribed tor  by  thu  taxpayer)  the  Interest  upon  n'blcb  Ls 

(6)  tlnltod  Stales  Savings  Bonds  and  Treasury  Bond^ 

(7)  ObUsatloos  of  inslrumentatitlcs  of  the  United  States 

--- 

*"  ^Tl^Z  W  'S'/e'''irre'i'^''"'''  """*'  "*  ""'  ^""''*** 

U)  Addl  I  loos  to  reserves  tor  contlngenclos.  etc  <to  bo  dstaUed) : 

n 

Ik)  Capital  loss  (excess.  If  any.  over  amount  sllowablo  as  e 

-I.  ObaTEisaEalQStrBscrTe(orbaddeMs,UItemlS.paeii2ofr«turn, 

0)  Otber  unallovablo  dedurtlons  [to  be  delaUed): 

e.  CharpM  against  restr^c:  lor  oon'tlngcnctes.  etc.  (to  bo  detailed): 

_ 

18.  Tola]  of  Line  15 

cosb.  stock  ot  the  corporation,  or  other  property): 

S-. 







.-r.-,.™„T.™,« 

10.  BurplQs  and  imdivldcd  profits  as  sbowaby  balance  sbect  at  dese 

U,  Olbaraedlts  to  ^lui^to  be  detailed): 

IB.  Other  dobib  to  surplus  (U  be  deUDed): 

^ 

'" - 



13.  ToUl  fr<im  Line  10     

14.  Eurplos  and  undivided  profits  as  Ehonn  by  babncssbect  at  close 

s 

19    T<,«l„Lln=17.ndl. 

1 1 . 

UABIUTY  FOR  HUNG  RETURNS 

Corttorations  generallr. — Everj-  domastic  or  resident  corporation,  joint-ctock 
company,  association,  or  insurance  company  (other  than  a  life  insurance  com- 
panyt  not  epeciBcally  exempted  by  Section  lOI  of  the  Revenue  Act  of  1936. 
whetner  or  not  having  any  net  income,  must  make  a  return  of  income  on  this 
form.     Every  corporation  which  i3  subject  to  the  capital-stock  tax  njust  make 
an  excesa-profita  tax  return  for  each  income-tax  taxable  year  ending  after  the 
close  of  the  first  year  in  respect  of  which  it  is  subject  to  the  capital-stock  t&x. 
A  combined  return  for  income  and  excess-profits  tax  purposes  must  be  made  on 
this  form,  except  where  a  consolidated  income  tax  return  is  m^e  by  an  affiliated 
group  of  railroad  corporations.     (See  Instruction  30.) 

Domestic  corporations  within  the  possessions  of  the  Uoited  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  throe-year  period  immediately  preceding  the  close  of  the  taxable  year  (or 
Buch  part  thereof  as  may  be  applicable)  was  derived  from  sources  within  a 
possession  of  the  United  SUtcs;  and  {b)  50  percent  or  more  of  the  gross  income 
for  such  period  or  such  part  thereof  was  derived  from  the  active  conduct  of  a 
trade  or  business  within  a  possession  of  the  United  States. 

Foreign  corporations. — Resident  foreign  corporations  (foreign  corporations 
which  at  any  time  within  the  taxable  year  are  engaged  in  trade  or  business  within 
the  United  States  or  have  an  office  or  place  of  business  therein)  shall  maJie 
returns  on  this  form  of  income  received  from  sources  within  the  United  States. 
Nonresident  foreign  corporations  (forcicn  corpwrations  not  engaged  in  trade  or 
business  within  the  United  States  and  not  having  an  office  or  place  of  business 
therein  at  any  time  within  the  taxable  year)  shall  not  make  returns  on  this  form. 
Nonresident  foreign  corporations  are  subject  to  tax  upon  gross  income  from 
sources  within  the  United  States  (determined  under  the  provisions  of  Section 
119  of  the  Revenue  Act  of  103'".)  which  is  fixed  or  determinable  annual  or 
periodical  gains,  profits,  and  incomf ,  and  are  required  to  make  returns  on  Form 
1120NB  -nith  respect  to  such  income.     (Sec  Sections  231  to  238,  Revenue  Act 
of  193S  > 

Life  insurance  companies,  as  defined  by  Section  201  of  the  Revenue  Act  of 
1936.  shall  file  returns  on  Form  1120L,  instead  of  this  form. 

Mutnal  insurance  companies  (other  than  life  iosorance  companies)   shall 
make  and  fil«  returns  in  accordanrc  with  the  provisions  of  Section  207  of  the 
Revenue  Act  of  1936  and  Articles  207-1  to  207-7  of  Regulations  94. 

Benevolent  IL'e  insurance  associations  of  a  purely  local  character,  mutual 
ditch  or  irrigation  companies,  mutual  or  cooperative  telephone  companies,  -or 
like  organizations  are  exempt  from  taxation  only  if  85  percent  or  more  of  the 
income  consists  of  amounts  collected  from  members  for  the  sole  purpose  of 
meeting  losses  and  expenses. 

Other  insurance  companies. — The  normal-tax  net  income  of  an  insurance 
companv  (other  than  a  life  or  mutual  insurance  company  referred  to  above) 
fball  be  computed  as  provided  in  Section  204  of  the  Revenue  Act  of  1936. 

TIME  AND  PLACE  FOR  FILING 

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  for  the  district  in  which 
the  corporation's  principal  place   of  business  or  principal  ofRce  or  agency  is 

located.     In  the  case  of  a  foreiffa  corporation  having  an  office  or  place  of  busi- 
ness in  the  United  SUtcs  the  return  shall  be  filed  on  or  before  the  fifteenth  day 
of  the  sixth  month  following  the  close  of  the  taxable  year.     Where  a  consoli- 
dated income  tax  return  is  filed  by  on  affiliated  group  of  railroad  corporations, 
the  separate  excess-profits  tax  returns  of  the  common  parent  corporation  ana 
each  subsidiary  corporation  must  be  filed  with  the  collector  with  whom  tha 
consolidated  income  tax  return  is  filed. 

The  collector  of  internal  revenue  may  grant  a  reasonable  extension  of  time 
for  filing  a  return,  not  to  exceed  six  months,  if  application  therefor  is  made 
before  the  date  prescribed  by  law  for  filing  such  return,  whenever  in  his  judg- 
ment good  cause  exists. 

SIGNATURES  AND  VERIFICATION 

The  return  shall  be  sworn  to  by  the  president,  vice  president,  or  other  prin- 
cipal officer,  and  by  the  treasurer,  assistant  treasurer,  or  chief  accounting 
omcer.     Receivers,  trustees  in  bankruptcy,  and  assignees,  operating  the  prop- 
erty or  business  of  corporations,  must  make  returns  of  income  for  such  corpor- 
ations.    If  a  receiver  has  full  custody  of  and  control  over  the  business  or 
property  of  a  corporation,  he  shall  be  deemed  to  be  operating  such  business  or 
property,  whether  he  is  engagi?d  in  carr>ine  on  the  business  for  which  the  cor- 
poration was  organized  or  only  in  marshaling,  selling,  and  disposing  of  its  asseta 
for  purposes  of  liquidation. 

Question  7  on  page  4  of  the  return  should  be  answered  fully,  and  where 
the  return  is  actually  prepared  by  some  person  or  persons  other  than  the  cor- 
poration, such  person  or  persons  must  execute  the  affidavit  at  the  foot  of  this 
page. 

PAYMENT  OF  TAX 

Checks  or  money  orders  in  payment  of  tax  should  be  drawn  to  the  order  of 
"Collector  of  Internal  Revenue  at  (insert  name  of  city  and  State)."     Do  not 
send  cash  by  mail,  nor  pay  it  in  person  except  at  the  collector's  office. 

The  tax  may  be  paid  when  the  return  is  filed,  or  in  four  equal  installments, 
as  follows:  The  first  installment  shall  be  paid  on  or  before  the  fifteenth  day  of 
the  third  month  following  the  close  of  the  taxable  year,  the  second  installment 
shall  be  paid  on  or  before  the  fifteenth  day  of  tho  third  month,  the  third  instalU 
ment  on  or  before  the  fifteenth  day  of  the  sixth  month,  and  the  fourth  install- 
ment on  or  before  the  fifteenth  day  of  the  ninth  month,  after  the  dat^  pre- 
scribed for  paying  the  first  installment. 

If  any  installment Tfe  not  paid  on  the  date  fiscd  for  its  payment,  the  whole 

amount  of  the  tax  unpaid  shall  be  paid  upon  notice  and  demand  by  the  collector. 

PENALTIES 

For  villfal  failure  lo  make  and  file  return  on  time.— Not  more  than  $10,000 
or  imprisonment  for  not  more  than  one  year,  or  both,  together  with  the  costa 
of  prosecution,  and  in  addition  6  percent  to  25  percent  of  the  amount  of  the  tax. 

For  willfully  attempting  to  evade  or  defeat  payment  of  the  tax. — Not  more 
than  $10,000  or  iraprisoaracnt  for  not  more  than  five  years,  or  both,  together 
mth  the  costs  of  prosecution. 

For  deflciency  due  to  negligence  or  fraod. — Five  percent  of  the  amount  of 
the  deficiency  if  due  to  negligence  or  intentional  disregard  of  rules  and  regula- 
tions without  intent  to  defraud,  or  50  percent  of  the  amount  of  the  deficiency 
if  due  to  fraud. 

AFFIDAVIT     (Sec  "Signatures  and  Verification",  above) 
We,  the  undersigned,  president  (or  vice  president,  or  other  principal  officer!  and  treasurer  (or  assistant  treasurer,  or  chief  accounting  officer)  of  tho  corporation 
for  which  this  return  is  made,_  being  severally  duly  sworn,  each  for  himself  deposes  and  says  that  this  return  (including  any  accompanying  schedules  and  etate- 

wledgc  and  belief,  a  true,  correct,  and  complete  return,  made  in  good  faith,  for  the  taxable  year 


mente)  has  been  e 

stated,  pursuant  t 

Subscribed  ai 


;  Act  of  1936,  and  the  Regulatic 
_.  193 


(Slcnatui 


tT.il 


(Slat 


:I  Accounting  Officer) 


AFFIDAVIT     (See  "Signatures  and  Verification",  above) 
I/we  Ewear  (or  affirm)  that  I/we  prepared  this  return  for  the  person  named  herein  and  that  the  return  (including  any  accompanying  ficbedules  and  statements) 
is  a  true,  correct,  and  complete  statement  of  all  the  information  respecting  the  income  tax  and.''or  excess-profits  tax  liability  of  the  person  for  whom  this  return 
has  been  prepared  of  which  I/we  have  any  knowledge. 

Subscribed  and  sworn  to  before  me  this day  of ,  193  _ 

(Signature  of  person  preparing  tbe  rotum) 

(Signature  o(  penoo  preparing  the  ivtoni) 


210 


STATISTICS    OF    INCOME 


Page  1  of  Instructions 


INSTRUCTIONS 


The  Instructions  Nnmbered  1  to  29  Correspond  with,  and  Item  References  therein  relate  to,  the  Item  Numbers  on  Page  2  of  the  Betorn 


GROSS  INCOME  AND  DEDUCTIONS 


renco  to  tUlta  nnd  aeicttona  o 


If  the  debts  are  included  in  the  deduction  claimed,  Bubmit  a  Bchcdule  ehowinij 
the  amounts  charged  off,  and  etato  how  and  when  each  was  determined  to  lie 
worthleea.  If  the  amount  deducted  is  an  addition  to  a  rcsen'e,  enter  in  Sched- 
ule F  the  amount  of  salca  charged  on  account,  and  the  amount  of  bad  debts 
charged  off,  for  each  of  the  years  indicated. 


form  furnfshfed  to  such  officer,  in  lieu  of  the  information  requested  m  Items  1  to 
26,  except  that  a  railroad  company  will  submit  with  the  return  a  statement  on 
Form  1000.  In  such  cases  tho  net  income  will  be  reconciled  bj-  means  of  Schedule 
M  on  page  6  of  the  return,  with  the  net  profit  shown  by  the  mcome  and  expense 
statement  Bubmittcd,  and  Bhould  be  entered  as  Item  27. 

2.  Cost  of  goods  sold. — Enter  as  Item  2  the  information  requeeted  on  lines 
Co)  to  {c)  and  list  in  Column  1  of  Schedule  A  the  principal  items  of  costj  includ- 
ing the  amount  entered  on  line  (c),  tho  minor  items  to  be  grouped  in  one 
amount.  Enter  as  salaries  and  wages  on  line  (c)  the  total  compensation, 
during  the  period  covered  by  this  return,  of  individuala  employed  (exclusive 
of  officers  and  firm  member^?). 

If  the  production,  purchase,  or  sale  of  merchandise  is  an  income-producmg 
factor  in  the  trade  or  business,  inventories  of  merchandise  on  hand  should  be 
taken  at  the  beginning  and  end  of  the  tasable  year,  which  may  be  valued  at  cost, 

. 1.-*     _t;-V-,..«_   tn   1r^n.»         Vntft-   llir.   l^tfnH    "H"     r,r   "O.   r\r    M" 


3  valued  at  either  cost, 


Enter  the  letters 
on  lines  (a)  and  (c)  under  Item  2,  if  thi 
r  cost  or  market,  whichever  is  * 


^  ,j,„.„ J r  to  question  &  on  page  4  the  method  used. 

JDventoriea  reported  do  not  agree  vrith  the  balance  eheet,  attach  a  statement 
explaining  how  difference  occurred. 

3.  Gross  profit  from  sales.— Enter  as  Item  3  the  gross  profit  from  busi 

in  which  inventories  arc  an  income-determining  factor, 
deducting  Item  2,  the  cost  of  goods  sold 


4.  Gr< 


which  is  obtained  by 

_.._ _.  ^.  I!  cxIerKiod,  from  Item  1,  tho  net  sales. 

I  receipts  from  basinesa  In  which  InTcnlories  are  not  an  income- 


■  operating  i 


determining  factor. — Enter  as  Item  4  tho  gross  receipts 

(See  also  Fccond  paragraph  of  Instruction  3,  above.)  .  ,.  *  ■ 

5.  Cost  of  operations. — Enter  as  Item  6  the  cost  of  operations  and  list  m 
Column  2  of  Schedule  A  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  inTentorics  are  not  an  income- 
determining  factor. — Enter  as  Item  6.  _ 

7.  Interest  on  loarw.  etc — Enter  as  Item  7  all  interest  received  or  credited 
to  the  corporation  during  the  ta-xable  year  on  loans,  notes,  mortgages,  bonds, 
bank  deposits,  etc.  -    o  t  j  t     t 

S.  Interest  on  Government  obligations,  etc. — Enter  as  Item  5,  HcheduJQ  ^L, 
the  amount  of  the  various  obligations  o^Tied  and  enter  as  lU^m  4  (a),  Schedule  M 
all  interest  received  or  credited  to  tho  corporati 
these  obligati 


s  account  duiing  the  year  c 

Interest  on  all  coupons  faUing  due  within  the  taxable  year  will  be  considered 

05  income  for  the  year,  where  the  books  are  kept  on  a  cash  receipts  and  dis- 
bursements basis.  If  the  books  are  kept  on  an  accrual  basis,  report  the  actual 
limount  of  interest  accrued  on  the  obligations  owned  durmg  the  taxable  year 

The  total  of  the  interest  reported  as  Itema  4  (o)  (6)  and  (7)  Schedule  M,  should 
be  entered  as  Item  S.  Such  interest  is  allowable  as  a  credit  against  net  income 
as  Itenrts  U  and  25,  page  1  of  tho  return.  .     , ,      ,.         .   ,  _. 

ft  Rents.— Enter  as  Item  9  the  gross  amount  received  for  the  rent  of  property. 
Any  deductions  claimed  for  repairs,  interest,  taxes,  and  depreciation  should  be 
included  in  Items  17,  19,  20,  and  23,  respectively. 

10.  Royalties. — Enter  as  Item  10  the  gross  amount  received  as  royalties.     If 

6  deduction  is  claimed  for  depletion,  it  should  be  reported  as  Item  24. 
Capital  gains  and  lossi  -•  --> 


xchangcs  of  capital  aesets  i 


r  loss  as  Item  11  (i 


^$2,000).     (See  Section  117  relating  to  capital  gains  and  losses.)    Describe 

the  property  briefly  and  ctate  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  pnor  to  March  1;  1913,  the 
basis  for  determining  ga:n  is  the  cost  or  the  fair  market  value  as  of  March  1, 
1913,  adjusted  as  proWdcd  in  Section  113  (b),  whichever  is  greater,  but  ia  deter- 
mining LOSS  the  basis  ia  cost  so  adjusted.  (See  Section  113.)  If  the  amount 
ehovm  C3  cost  is  other  than  actual  cish  cost  of  the  property  sold  or  exchanged, 
full  dctaiL>i  must  be  furnished  regarding  the  acquisition  of  the  property. 

Ent«r  p.s  depreciation  the  amount  of  exhaustion,  wear  and  tear,  obsolescence, 
or  depletion  which  has  been  allowed  (but  not  less  than  the  amount  allowable) 
in  respect  of  such  property  since  date  of  acquisition,  or  since  March  1,  1913, 
if  the  property  was  acquired  before  that  date.  In  addition,  if  the  property 
was  acquired  before  March  1,  1913,  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  rccognircd  in  any  sale  or  other  disposition  of  shares  of  stock 
'here  the  corporation  has  acquired  substantially  identical  stock  or 
■     ""    •         ■    '  ■  aft^r  the  date  of  such  sale  or  disposition, 

n  stocks  or  securities  in  the  ordinary  coursu 
of  business. 

No  deduction  chall  bo  allowed  in  respect  of  loss  from  sales  or  exchanges  of 
property,  directly  or  indirectly,  except  in  the  Mse  of  distributions  in  liquidation, 
between  an  individual  and  a  corporation 
or  indirectly,  more  than  50  percent  in 
Section  24  (d>  (6).)  ,  .  ^         .  ^  , 

SccUon  117  applies  only  to  gains  and  losses  upon  the  Bale  or  exchange  of 
capital  assets  and.  therefore,  has  no  application  to  loss  of  useful  value  upon 
the  permanent  abandonment  of  the  u?e  of  property  or  loss  susl^ned  as  the 
re^uU  of  corpcrnte  stock  or  debts  becoming  worlhlcs6. 

12.  Dividends. — Describe  in  dclail  in  Schedule  D  all  dividends  received 
during  the  taxable  year.  • 

Enter  as  Item  12  (a)  dividends  from  a  domestic  corporation  which  is  Eubject 
to  taxation  under  Title  I  (other  than  a  corporation  entitled  to  the  benefits  of 
Section  251  and  other  than  a  corporation  organized  under  the  China  Trade 
Act,  1922).  Enter  as  Item  12  (6)  dividends  from  a  domestic  corporation  which 
is  not  subject  to  taxation  under  Title  I.  Enter  as  Item  12  (c)  dividends  from  a 
foreign  corporation  and  dividends  from  a  corporation  ecti'led  to  the  benefits  of 
Section  251  and  a  corporation  organized  under  the  China  Trade  Act,  1922. 
-     -  -       .  T,  .  »,_,-,_.,  _.<___  ^  —  Li-  -• ^  Jqj.  ^-UpIj  ho 

'  14.  Total  income. — Enter  as  Item  14  the  net  amount  of  Itenas  3  and  6  to  13, 
Inclusive,  after  deducting  any  losses  reported  in  Items  3,  6,  and  11. 

15.  Compensation  of  officers.— Enter  as  Item  15  the  compensation  of  all 
officers,  in  whatever  form  paid,  and  fill  in  Schedule  C,  giving  the  information 
requested. 

Note. — If  during  the  taxable  year  the  corporation  paid  to  any  officer  or 
employee  compensation  for  personal  services  in  excois  of  .515,000,  Schedule  C-1 
(copies  of  which  mav'be  obtained  from  the  collector  of  internal  revenue)  jnust 
be  filed,  IN  DUPLICATE,  with  and  as  part  of  this  return. 

16.  Rent. — Enter  as  Item  16  rent  paid  for  business  property  in  which  the 
corporation  has  no  equity. 

17.  Repairs. — Enter  as  Item  17  the  cost  of  Inc'.iJciilrJ  repairs  including  1h  ■ 
labor,  supplies,  and  other  items  which  do  not  add  to  the  value  or  appreciably 
prolong  the  hfe  of  the  property.  Enter  as  salaries  and  wages  tho  compensation, 
during  the  period  covered  by  tliJs  return,  of  persons  employed  directly  m  connec- 
tion with  tncse  incidental  repairs,  as  shown  in  Schedule  E.  Expenditures  for 
new  buildings,  machinery,  equipment,  or  for  permanent  improvements  or  bcltcr- 
ments  which  increase  the  value  of  the  properly  are  chargeable  to  capital  oocount. 
Expenditures  for  restoring  or  replacing  property  are  not  deductible,  as  such  ex- 
penditures are  chargeable  to  capital  eccouniB  or  to  depreciation  rcBcrvc,  depend- 
mg  on  how  depreciation  is  charged  on  the  books  of  the  corporation. 

18.  Bad  debts. — Enter  as  Item  18  debts,  or  portions  thereof,  arising  from 
tales  OT  Eervices  that  have  been  reflected  in  mcomCj  which  have  been  definitely 


A  debt  previously  charged  off  as  bad,  if  subsfequently  colleclod,  must  bo 
returned  as  income  for  the  year  in  which  collected. 

19.  Interest  paid. — Enter  as  Item  19l  interest  paid  on  business  indebtodnefls 
and  fill  in  Schedule  0.  Do  not  include  in  Item  19  interest  on  imbbtcdncss 
incurred  or  continued  to  purchase  or  carry  obligations  (other  than  obligations 
of  the  United  States  issued  after  September  24,  1917,  and  origin-iUy  subscribed 
for  by  the  taxpayer)  the  interest  upon  whichjs  wholly  exempt  from  (axatipn. 

20.  Taxes  paid. — Enter  as  Item  20  ta:;cs  paid  or  accrued  during  the  taxable 
year  and  fill  in  Schedale  H.  Do  not  include  in  Item  20  Federal  inco;ne,  war- 
profits,  and  excess-profits  taxes,  nor  estate,  inherit.ince,  legacy,  sucoession,  and 
gift  taxes,  nor  income  taxes  claimed  as  a  credit  in  Item  43,  page  1  of  the  return, 

;ed  against  local  benefits  tending  to  increase  the  value  of  the  prop- 


csccss-profits  tax  imposed  by  Section  106  6f  the  Revenue  Act  of  1935,  as 
amended,  but  such  deduction  should  be  entered  as  Item  28.  No  deduction 
is  allowable  for  any  portion  of  foreign  incomo  and  profits  taxes  if  a  credit  is 
claimed  in  Item  43,  page  1  of  the  return. 

21.  Contributions  or  gifts. — Enter  as  It«m  21  contributions  or  gifts  actually 
paid  within  the  taxable  year  to  or  for  the  use  of  a  domestic  corporation,  or 
domestic  trust,  or  domestic  community  chest,  fund,  or  foundation,  < 
iientific^  Uterary, 


and  operated  exclusively  for  religious,  charitaolo,  scientific^  Uterary,  or  educa- 
tional purposes  or  tho  prevention  of  cruelty  to  children  (but  in  the  cose  of  contri- 
butions or  gifts  to  a  trust,  chest,  fund,  or  foundation,  only  if  such  contributions 
or  gifts  are  to  be  used  within  the  United  States  exclusively  for  such  purposes), 
no  part  of  the  net  earnings  of  which  inures  to  the  benefit  of  any  private  share- 
holder or  individual,  and  no  substantial  part  of  the  activities  of  which  is  carry- 
on  propaganda,  or  olhcrv\isc  attempting,  to  influence  legislation.  The  amount 
claimed  snail  not  exceed  5  percent  of  tho  corporation's  net  i 
without  the  benefit  of  this  deduction.  List  organizatic 
buted  to  each  in  Schedule  I. 

22.  Losses. — Enter  as  Item  22  losses  sustained  during  the  year  nnd  not  com- 
pensated for  by  insurance  or  otherwise.  Losses  of  business  property  arising 
from  fire,  storm,  shipwreck,  or  other  casualty,  or  from  theft,  should  be  explained 
in  Schedule  J. 

23.  Depreciation, — The  amount  deductiblo  on  account  of  depreciation  in 
Item  23  ia  an  amount  reasonably  measuring  the  portion  of  the  investment  in 
depreciable  property  by  reason  of  exhaustion,  wear  and  tear,  or  obsolescence, 
which  is  properly  chargeable  against  the  operations  of  the  year.  If  the  property 
was  acquired  by  purchase  on  or  after  March  1,  1913,  the  amount  of  depreciation 
should  be  determined  upon  tho  basis  of  the  original  cost  (not  replacement  cost) 
of  the  property,  and  the  probable  number  of  years  remaining  of  its  expected 
useful  Ufc.  In  case  the  property  was  purchased  prior  to  March  1,  1913,  the 
amount  of  depreciation  isill  be  determined  in  the  same  manner,  except  that  it 
will  be  computed  on  its  original  cost,  leas  depreciation  sustained  prior  to  March 
1,  1913,  or  its  fair  market  value  as  of  that  date,  whichever  is  greater.  If  the 
propertv  was  acquired  in  any  other  manner  than  by  purchase  see  Section  1!4. 
The  capital  sum  to  be  recovered  should  be  eharced  off  ratably  over  the  useful 
life  of  tho  projicrty.  Whatever  plan  or  method  of  apportionment  is  adopted 
must  be  reasouablo  nnd  must  have  due  regard  to  operating  conditions  during 
the  taxable  year  and  should  be  described  in  the  return.  Stocks,  bonds,  ana 
liko  securities  are  not  subject  lo  exhaustion  or  wear  and  tear  within  the  meaning 
of  the  law. 

If  a  deduction  is  claimed  on  account  of  depreciation,  fill  in  Schedule  _K.  In 
case  obsolescence  is  included,  state  separately  amount  claimed  and  basis  upon 
which  it  is  computed.  Land  values  or  cost  mutt  not  be  included  in  this  sched- 
ule, and  where  land  and  buildings  were  purcha-^ed  for  a  lump  sum  the  cost  of 
the  building  subject  to  depreciation  must  be  established.  The  adj"stcd  property 
accounts  and  the  accumulated  depreciation  shown  in  the  schedule  should  be 
reconciled  with  those  accounts  as  reflected  on  the  books  of  the  taxpayer.  See 
Sections  23  (1)  and  114. 

24.  Depiction. — If  a  deduction  is  claimed  on  account  of  depletion,  eecurt)  from 
the  collector  Form  D  (minerals),  Form  E  (coal).  Form  F  (miscellaneous  non- 
metals),  Form  O  (oil  and  gas),  or  Form  T  (timber),  fiil  in  and  file  with  return. 
If  complete  valuation  data  have  been  filed  ^-ith  Questionnaire  in  previous  years, 
then  file  with  this  return  information  necessary  to  brinp  your  depletion  schedule 
up  to  date,  setting -forth  in  full  statement  of  all  transactions  bearing  on  dcdiir- 
tions  or  additions  to  value  of  physical  assets  with  explanation  of  how  depletion 
deduction  for  the  tasable  year  has  been  determined.  See  Sections  23  (m) 
and  114. 

25.  Other  deductions-^Entcr  as  Item  25  other  deductions  authorized  by  law- 
and  file  with  the  retiuo  a  schedule  sho\\ing  how  each  deduction  was  computed. 

No  deduction  is  .illowable  for  the  amount  of  any  i 
to  a  class  of  exempt  income,  other  ihnn  intf-rf.st.  I 
such  exempt  income  shall  be  all:- 


r  pnrt  thereof  allocable 

-.  directlv  attributable  to 

r..      ■.-     ■'.-  ■■-il'.ntabl.; 


class  of  taxable  i 
taxpayer  receiving  any 
property  or  engaging  m 


tT  shall 


27.  Net  i 


1  for 


;for  ( 


26  the  total  deductions  in  Items  15  to  25,  inclusive. 

profits  tax  compulation. — Enter  as  Item  27  tho 

■profits  tax  computation,  which  is  obtained  by  deducting 

""  ■   ■  '      corporation  shall  bo  computed 


The  net 
;  taxable  year  in  accords 
in  keeping  tho  books,  u: 


Item  26  from  Ilcra 
upon  the  basis  of  it 
regulaiiy  employed 
reflect  the  income. 

2S.  Enter  as  Item  23  tho  amount  cf  excess 
of  the  return. 

29.  Net  income  for  Incomo  tax  computation 
cncc  between  the  amounts  in  Items  27  and  2S. 


EXCESS-PROFITS  TAX 

30.  The  excess-profits  tax  is  imposed  uf    n  i  rerta  n 
of  every  corporation  for  each  income-tax  t 
the  first  year  in  respect  of  wh  ch  the  cor 
tax  imposed  by  Section  105  of  the  Re  tr  u 
cess-profits  tax  is  imposed  in  an  amount  r 
portion  of  the  corporation'b  ntt  incom     f  r 
in  excess  of  10  percent  and  not  in  excess  of  1    per       I 
value  plus  (2)  12  percent  of  such  pwrtion  of  T 
taxable  year  e     '    ' 


ith  the  method  of  accounting 
3  such  method  docs  not  clearly 

■profits  tax  in  Item  12,  page  I 

—Enter  as  Item  29  the  differ- 


of  the  net  income 

after  tf  e  close  of 

th    cap  tal-stock 

nd  d      The  cx- 

blt  >  car  as  is 


________  of  15  percent  of  the  adjusted  declared  value,  as  of 

the~close  of  the  last  preceding  income-tax  taxable  year  (or  as  of  tho  date  of 
organization  if  the  corporation  h^d  no  preceding  income-tax  taxable  ye^).  No 
variation  is  permitted  between  the  adjusted  declared  value  set  forth  in  the  capi- 
tal-stock tax  return  and  the  adjusted  declared  value  set  forth  in  the  excess- 
profits  tax  return,  except  that  in  the  copc  of  an  excess-profits  tox  'f t«rn  fo^  »*] 
income-ta:^  taxable  venr  which  is  a  pennd  cf  less  than  12  months  the  adjusted 
declared  value  set  forth  in  the  capft.-.l-aock  tax  return  shaU  be  reduced  to  an 
amount  which  bears  the  same  ratio  thereto  as  the  number  of  n.-.-:lha  m  tho 
period  bears  to  12  months.  For  excess-profits  tax  purposes  the  net  income  stiall 
be  the  came  as  the  net  income  for  income  tax  purposes,  computed  without  the 
deduction  of  the  excess-profits  Ux  imposed  by  Section  106  of  the  Kf^veoue  Act 
of  1936,  as  amended.  None  of  the  credits  allowed  corporations  against  nee 
income  for  income  tax  purposes  is  applicable  in  respect  of  *^e  ?^,7^'"^"iJ*5 
except  the  credit  against  net  income  equal  to  the  credit  f^L.^^^''^*'".'*^  T"/'^;^ 
provided  in  Section  26  (b)  of  the  Revenue  Act  of  1936.  Fore.pi  '^«o™l*°^ 
profits  taxes  may  not  be  credited  against  the  ct cess-profits  tax.  Every  corpora- 
tion which  is  liable  for  the  making  of  en  cxceas-profits  tax  return,  whether  or  not 
such  corporation  ie  a  member  of  an  affiUated  group  of  corporations,  must^aJift 


STATISTICS    OF    INCOME 


211 


Page  2  of  In£tractlons 

its  excess-profits  tax  return  tnd  compute  its  net  income  eeparaUIy,  without 
Tegard  to  the  proviKions  of  Section  141  of  the  Revenue  Act  of  1936.  Where  an 
amliated  group  of  railroad  corporations  makec  a  consolidated  income  tax  return, 
the  common  parent  corporatioD  and  each  eubeidiary  which  is  liable  for  the 
making  of  an  excces-pfODta  tax  return  must  make  a  separate  excess-profits  tax 
return. 

NORMAL  INCOME  TAX 

31.' Every  corporation  not  expressly  exempt  from  taxation  under  Title  I 
Ib  hflble  to  the  normal  income  tax  at  the  graduated  ratea  specified  in  Items 
18  to  21,  inclusive,  pa^e  1  of  the  return,  except  those  corporations  enumerated 
to  the  footnote  following  Item  22,  page  1  of  the  return,  which  ore  taxable  at 
the  rates  thcjoin  stated.  The  phrase  "certain  banks  and  trust  companies"  aa 
used  in  that  footnote  means  banks  or  trust  companies  incorporated  and  doing 
busincfifi  under  the  laws  of  the  United  States  (including  laws  relating  to  the 
District  of  Columbia),  of  anr  State,  or  of  any  Territory,  a  substantial  part  of 
the  business  of  which  consists  of  receiving  deposits  and  making  loans  and 
discounts,  or  of  exercising  fiduciary  powers  similar  to  those  permitted  to  national 
banks  under  Section  lUk)  of  the  Federal  Reserve  Act,  as  amended,  and  which 
are  subject  by  law  to  supervision  and  examination  by  State  or  Federal  authority 
having  supervision  over  thanking  institutions.  The  normal  income  tax  is  upon 
the  normal-tax  net  income,  that  is,  the  net  income  as  defined  in  Section  21  minus 
the  sum  of  (1)  the  credit  provided  in  Section  26  (a)  for  interest  on  obligationa 
of  the  United  States  and  its  instrumeatalities  and  (2)  the  credit  for  dividends 
received  provided  in  Section. 26  (b>,  except  that  this  credit  ia  not  allowed  in 
the  case  of  a  mutual  investment  companv,  ae  defined  in  Section  48  (e).  (See 
Articles  48  (e)-l  to  43  (e)-6,  inclusive,  Reflations  94.)  In  the  case  of  a  mutual 
invcBlment  company,  for  the  purpose  of  the  normal-tax  net  income,  a  credit  is 
allowed  against  net  income  for  dividends  paid  aa  provided  in  Section  27. 

SURTAX  ON  UNDISTRIBUTED  PROFITS 

32.  Every  corporation  is  subject  to  the  surtax  on  undistributed  profits  except 
corporations  expressly  exempt  from  taxation  under  Title  I  and  (1)  banks  as 
defined  in  Section  104  (see  Instruction  31);  (2)  insurance  companies  subject  to 
the  tax  imposed  under  Section  201,  20-1,  or  207;  (3)  foreign  corporations;  (4) 
corporations  entitled  to  the  benefits  of  Section  251;  (5)  corporations  organized 
under  the  China  Trade  Act,  1022;  (6)  Joint  Stock  Land  Banks  organized  under 
the  Federal  Farm  Loan  Act,  as  amended;  and  (7)  domestic  corporations  which 
for  any  portion  of  the  taxable  year  are  in  bankruptcy  under  the  laws  of  the 
United  States,  or  arc  insolvent  and  in  receivership  in  any  court  of  the'  United 
States  or  of  any  State,  TerTitor>',  or  the  District  of  Columbia.  (Generally,  in 
the  case  of  proceedings  for  the  relief  of  debtors  under  Section  77  or  77  B  of  the 
Bankruptcy  Act  of  1S98,  as  amended,  if  the  debtor  corporation  has  pending  a 
debtor's  petition  or  answer  which  has  been  approved  by  the  court  finally  deter- 
mined to  have  jurisdiction  thereof,  it  ia  in  bankruptcv  under  the  taws  of  the 
United  Statea.)  A-vy  CoRPonAxioN  Under  (1)  to  (7)  Abovk  Claiminq 
Exemption  From  tiib  Sdetax  Sbaxl  Filb  With  Its  Return  for  Each 
Taxable  Yeak  for  Weica  Exzumov  is  Claimed  a  Statement  Under 
Oatk  op  all  the  Facts  Pertinent  to  Its  Claim. 

The  surtax  is  imposed  on  the  net  income  of  coiporationa  in  an  amount 
measured  by  the  undistributed  net  income.  The  nodltttrlbuted  net  income  is 
the  adjusted  net  income  minus  the  sum  of  (a)  the  dividends  paid  credit  pro- 
vided in  Section  27  (see  Articles  27  (a)-l  to  27  (h)-l,  inclusive,  Regulations 
94)  and  (b)  the  credit  provided  in  Section  26  (c),  relating  to  contracts  restricting 
the  pajTUcnt  of  dividends  (see  Article  26-2,  Regulations  &4).  The  adjoslea 
net  Income  means  the  net  income  as  defined  in  Section  21  minus  the  sum  of 
(1)  the  normal  tax  imposed  by  Section  13  and  (2)  the  credit  provided  in  Section 
26  (a)  for  interest  on  obligations  of  the  United  States  and  its  instrumentalities. 
In  the  case  of  a  holding  company  affiliate,  as  defined  in  Section  2  of  the  Banking 
Act  of  1933.  the  amount  to  be  deducted  in  determining  the  adjusted  net  income 
includes  also  the  credit  allowed  under  Section  26  (d).  In  the  case  of  a  national 
mortgage  association  created  under  Title  III  of  the  National  Housing  Act,  the 
amount  to  be  deducted  aUo  includes  the  amount  allowed  as  a  credit  under 
Section  26  (c). 

33.  Section  26  (d)  provides  for  a  credit,  in  the  case  of  a  holding  company 
affiliate  (as  defined  in  Section  2  of  the  Banking  Act  of  1933),  in  the  amount  of 
the  earnings  or  profits  which  the  Board  of  Governors  of  the  Federal  Reserve 
System  certifies  to  the  Commissioner  has  been  devoted  by  sucli  afiiliate  during 
the  taxable  year  to  the  acquisition  of  readily  marketable  assets  ether  than  bank 
stock  in  compliance  ■with  Section  6144  of  the  Revised  Statutes.  No  credit  ia 
allowable  either  for  the  amount  of  readily  marketable  assets  o^quirtMl  and  on 
hand  at  the  beginning  of  the  first  ta^iable  year  subject  to  the  Revenue  Act  of 
1936  or  for  an  amount  of  readily  marketable  assets  in  excess  of  what  is  remiircd, 
by  Section  5144  of  the  Revised  Statutes,  to  be  acquired  by  such  afBliatc.  Every 
taxpayer  claiming  and  making  a  deduction  for  this  credit  shall  attach  to  its 
return  a  supplcmcntar}*  statement  as  provided  in  Article  26-3,  Regulations  94. 

34.  Section  26  (c)  provides  for  a  credit,  in  the  case  of  a  national  mortgage 
association  cre.ited  under  Title  III  of  the  National  Housing  Act,  in  the  amount 
of  the  earnings  or  profits  which  the  Federal  Housing  Administrator  certifies  to 
the  Cominissioncr  of  Internal  Revenue  has  been  devoted  by  such  association 
during  the  taxable  year  to  the  acquisition  of  such  rcscrv'es  as  the  Administrator 
may  require  under  the  provisions  of  Section  303  of  that  Act. 

35.  The  amount  of  the  dividends  paid  credit  provided  by  Section  27  is  the 
Amount  of  dividends  paid  during  the  taxable  year.  (See  Article  27  (a)-l. 
Regulations  94.)  If  a  dividend  is  paid  in  property  other  than  money  (including 
stock  of  the  corporation  if  held  by  the  corporation  as  an  investment)  the  divi- 
dends paid  credit  with  respect  thereto  is  trie  adjusted  basis  of  the  property  in 
the  hands  of  the  corporation  at  tlie  time  of  the  payment,  or  the  lair  market 
value  of  the  property  at  the  time  of  the  pa^-ment,  whif^hcver  is  the  lower.  (See 
Article  27  (c)-l,  Reculntions  94.)  If  a  dividend  is  paid  in  obligations  of  the 
corporation,  the  amount  of  the  dividends  paid  credit  with  respect  thereto  is 
the  face  value  of  the  oblipations,  or  their  fair  market  value  at  the  tin\c  of  the 
payment,  whichever  is  the  lower.  If  the  fair  market  value  is  lower  than  the 
face  value,  then  when  the  obligation  is  redeemed  by  the  corporation,  the  excess 
of  the  amount  for  which  redeemed  over  the  fair  market  value  at  the  time  of  the 
dividend  payment  (to  the  extent  rot  allowable  as  a  deduction  in  computing 
net  income  for  anv  taxable  year)  shall  be  treated  as  adividend  paid  in  the  tax- 
nble  year  in  which  the  redemption  occurs.  (See  Article  27  (d)-l.  Regulations 
04.)  Inrnscof  a  st^rk  dividend  or  stock  right  which  is  a  taxable  dividend  in  the 
Imnds  if  '  !  '  ■  '  .1  Ilt  Section  115  (Ot  the  dividends  paid  credit  with 
renpo't!'  I  irkct  value  of  the  stock  or  the  stock  right  at  the  time 
of  the  I  ,.  '  lo  27  (e)-l,  Hcgulatiuns  94.)  In  the  case  of  amounts 
distri'":'  '  c  part  of  such  distribution  which  is  properly  charge- 
able t'l  1  ■  ,  r  rila  accumulated  after  February  28,  1913,  is  for  the. 
purposes  uf  cornrutiri:  iho  dividends  paid  credit  treate<l  as  a  taxable  dividend 
paid.  (See  Article  27  (fi-1.  Regulations  94.)  No  dividends  paid  credit  is 
allowable  with  respect  to  any  distribution  unless  the  distribution  is  pro  rata, 
equal  in  amount,  and  with  no  preference  to  any  share  of  stock  as  compared  with 
other  shares  of  the  6amc  class.  (Sec  Article  27  (g)-l,  ReKulations  94.)  If  any 
part  of  a  distribution  (including  stock  dividends  and  stock  rights)  is  not  a  tax- 
able dividend  in  the  hands  of  such  of  the  shareholders  as  are  subject  to  taxation 
under  Title  I  for  the  period  in  which  the  distribution  is  made,  no  dividends  paid 
credit  is  allowable  with  respect  to  such  part.  (Sec  Article  27  th)-l,  Rcg'jlations 
94) 

36.  Section  26  (c)  provides  credits — 

(1)  In  an  an  amount  equal  to  the  excess  cf  the  adjusted  net  income  over  the 
ecRfegate  of  the  amounts  which  can  be  distributed  »ithin  the  taxable  yoftf  as 
dividends  without  violating  a  pro\iEicn  of  a  uTitten  contract  executed  by  the 
corporaticn  prior  to  May  I,  1936,  which  provision  expressly  deals  with  the  pay- 
ment of  divkflend^.     If  a  corporation  would  be  entitled  to  a  credit  under  this 

Kragraph  because  of  a  contract  pro\ision  and  also  to  one  or  more  credits 
cause  of  other  contract  provisions,  only  the  lai^eet  of  such  credits  shell  be 
allowed,  and  for  such  purpose  if  two  or  more  credits  are  equal  in  amount  only 
one  shall  be  taken  into  account. 

(2)  In  on  amount  cqurJ  to  the  portion  of  the  earnings  and  profits  of  the  taxable 
year  which  is  required  (by  a  provision  of  a  written  contract  executed  by  the 
corporation  prior  to  May  1.  1936.  which  proWsion  expressly  deals  with  the  di.s- 
position  of  earnings  and  profits  of  the  taxable  year)  to  l>e  paid  within  the  taxable 


paid  or  eet  aside.    For  the  purposes  of  this  paragraph,  a  requirement  to  pav  c 


aside  an  amount  equal  to  a  percentage  of  earnings  and  profits  sh^  be 
considered  a  requirement  to  pay  or  set  aside  euch  percentage  of  earnings  and 
profits.  As  used  in  this  paragraph,  the  word  "debt"  does  not  include  a  debti 
meurred  after  April  30,  1936. 

(3)   If  both  paragraph  (1)  and  (2)  above  apply,  the  one  of  such  paragraphs 


which  has  an  adjusted  net  income  of  lees  than  550,000.  This  specific  credit  is 
an  amount  equal  to  the  excess  of  S5,000  or  the  total  undistributed  net  income, 
whichever  is  less,  over  10  percent  of  the  adjusted  net  income  and  is  to  be 
deducted  from  the  undistributed  net  incomo  before  computing  the  surtax. 
The  computation  is  made  first  according  to  the  brackets  as  set  forth  in  Itema 
34  to  38,  inclusive,  page  1  of  the  return.    Then  there  ia  added  7  percent  of  tha 


amount  of  the  specific  credit.    The  6 


}  the  total  surtax. 


CREDIT  FOR  TAXES 


foreign  country  or  a  possession  of  the  United  States,  Form  1118  shouldbe  sub-  - 
mitted  with  this  return,  together  ■nith  the  receipt  for  each  such  tax  payment.  ' 
In  case  credit  is  souftht  for  taxes  accrued  but  not  paid,  the  form  must  havo 
attached  to  it  a  certified  copy  of  the  return  on  which  each  such  accrued  tax  »-aa 
based,  and  the  Commissioner  may  require  a  bond  on  Form  1119  for  the  pay- 
ment of  any  additional  tax  found  due  if  the 'oreign  taxwhenpaid  differs  from  the 
amount  claimed.  Foreign  corptorations,  domestic  corporations  'eutitled  to  the 
benefits  of  Seetion  251,  and  corporations  organized  under  the  China  Trade 
Act,  1922,  are  not  entitled  to  claim  this  credit. 

CONSOLIDATED  RETURNS  OF  RAILROAD  CORPORATIONS 

39.  Subject  to  *,he  provisions  of  Section  141  and  Regulations  97,  an  affiliated 
group  of  railroad  corporations  may  make  a  consolidated  incomo  tax  return  in 
lieu  of  separate  returns. 

40.  The  common  parent  corporation,  when  filing  a  consolidated  return,  shall 
attach  thereto  a  schedule  showing  the  names  and  addresses  of  all  the  corpora- 
tions included  in  the  return.  Ea'h  taxable  year  each  subsidiary  must  prepare 
two  duplicate  originals  of  Form  1122  consenting  to  Regulations '97  and  autnor- 
iiing  the  making  of  the  return  on  its  behalf.  One  of  such  forms  shall  be  attached 
to  thp  consolidated  return  as  a  part  thereof,  and  the  other  shall  be  filed,  at  or 
before  the  time  the  consolidated  return  is  filed,  in  the  office  of  the  collector  for 
the  shbsidiary's  district. 

41.  Supporting  schedules  shall  be  filed  with  the  consolidated  return.  These 
schedules  shall  be  prepared  in  columnar  form,  one  column  being  provided  foF 
each  corporation  included  in  the  consolidation,  showing  in  detaO  the  items  of 
gross  income  and  deductions  and  the  computation  of  normal-tax  net  income, 
adjusted  net  income,  and  undistributed  net  income;  one  column  for  a  total 
of  like  items  before  adjustments  are  made;  one  column  for  intercompany  elimi- 
nations and  adjustments;  and  one  column  for  a  total  of  like  items  after  giving 
effect  to  the  eliminations  ond  adjustments.  The  items  included  in  the  column 
for  eliminations  and  adjustments  should  be  symbolized  to  identify  contra  items 
affected,  and  suitable  explanations  appende<i.  if  nccessarj'.  Similar  schedules 
shall  also  contain  in  columnar  form  a  reconciliation  of  surplus  for  each  corpora- 
tion, together  with  a  reconciliation  of  the  consolidated  surplus. 

.   42.  CJonsolidated  balance  sheets  as  of  the  beginninp  and  close  of  the  taxable 
of  the  group  shall  accompany  the  consolidated  return  prepared  in  a  form 


BALANCE  SHEETS 

43.  The  balance  sheets  on  page  5  of  the  return,  Schedule  L,  should  agiee- 
with  the  books,  or  any  differences  should  bo  reconciled.  The  bolance  eheeta 
for  a  consolidated  return  should  bo  furnished  in  accordance  with  Instruction  42. 
All  corporations  enpaged  in  an  interstate  and  intrastate  trade  or  business  and 
reporting  to  the  Interstate  Commerce  Commission  and  to  any  national.  State, 
municipal,  or  other  public  officer,  may  submit,  in  lieu  of  Schedule  L,  copies  of 
their  balance  sheets  prescribed  by  said  Commission  or  State  ond  municipal 
authorities,  as  at  the  beginning  and  end  of  the  taxable  year. 

In  case  the  balance  sheet  as  at  the  beginning  of  the  current  taxable  year  does 
not  agree  in  every  respect  with  the  balance  sheet  which  was  submitted  as  a& 
the  end  of  the  previous  taxable  year,  the  differences  should  be  fully  explained 
in  the  space  proWded  under  Schedule  L. 

PERIOD  COVERED 


SURTAX  ON  IMPROPERLY  ACCUMULATED  SURPLUS 

45.  There  shall  bo  levied,  collected,  and  paid  for  each  taxable  year  (in  addi- 
tion to  other  taxes  imposed  by  Title  I)  upon  the  net  income  of  every  corporation 
(other  than  a  personal  holding  company  as  defined  in  Section  351)  if  socEk 
corporation,  however  created  or  organised,  is  formed  or  availed  of  for  the 
purpose  of  preventing  the  imposition  of  the  surtax  upon  its  shareF^oIders  or 
the  shareholders  of  any  other  corporation,  through  the  medium  of  permitting 
camincs  or  profits  to  accumulate  instead  of  being  divided  or  distributed — 

(!)  In  the  case  of  corpwrations  not  subject  to  the  surtax  impoEcd  by  Section 
14,  a  surtax  equal  to  the  sum  of  the  following:  25  percent  of  the  tunount  of  tBe 
retained  net  income  not  in  excess  of  SIOO.OOO,  plus  35  percent  of  ttw  amount  of 


INFORAUTION  AT  THE  SOURCE 

40.  Every  corporation  sliall  make  a  return  on  Forms  1096  and  1099  with 
respect  to  amounts  paid,  credited,  or  distributed  during  the  calendar  year  (a> 
as  salaries  or  other  compensation  for  personal  services,  totaling  Sl,000'or  more 
in  the  case  of  a  citizen  or  resident  who  is  not  married  or  whose  marital  status 
is  unknown,  or  S2,500  or  more  in  the  case  of  a  married  citizen  or  resident,  or 
(b)  as  interest,  rent,  premiums,  annuities,  or  other  fixed  or  determinable  i. 


totaling  Sl,000c 


!  to  a  fiduciary,  a  domestic  or  resident  trartnetship. 


resident.  The  return  on  Forms  1096  and  1099  shall  also  include 
dividend  payments  amounting  to  S3(K)  or  more  d-^ring  the  calendar  year  193d 
to  each  shareholder  who  is  an  individual  (citizen  or  resident  of  the  United 
States),  a  resident  fiduciary-,  or  a  resicfeat  partnership  any  member  of  which  ia 
a  citizen  or  resident,  or  payments  of  dividends  amounting  to  S159  or  more 
during  the  period  from  January  1,  1936^  to  July  1,  1936.  inclusive,  to  any  share- 
holder who  is  a  nonresident  alien  indi\ndual,  a  nonresident  alien  fiduciary,  or  a 
nonresident  partnership.  The  forms  will  be  furnished  by  any  collector  of 
internal  revenue  upon  request.  Such  returns  of  information  covering  the 
calendar  year  1936  must  be  forwarded  to  the  Commifsioner  of  InteniAl  Revenue, 
Sorting  Section,  Washington,  D.  C,  in  time  to  be  received  not  later  than 
February  15,  1937. 

DLTLICATE  RETURN 

47.  The  copy  of  the  return  required  to  be  filed  on  the  duphcate  form  (gr«cn 
paper)  shall  be  a  complete  duplicate  of  the  return  except  that  it  need  not  be 
signed  or  sworn  to  nor  accompanied  by  a  copy  of  Schedule  C~l  or,  in  the  case 
of  an  insurance  company,  a  copy  of  the  annual  statement  made  to  the  insurance 
department  of  the  State.  Temtor>',  or  District  of  Columbia.  For  failure  to 
file  the  duplicate  return  on  time  there  will  be  assessed  SlO,  which  nill  bo  payable 
upon  notice  by  the  collector. 


212 


STATISTICS    OF    INCOME 


ANALYSIS  OF-  DIVIDENDS  PAID  AND  RECEIPTS  AND  EXPENDITURES  ON  ACCOUNT  OF 
CHANGES  IN  CORPORATION'S  OBLIGATIONS  AND  CAPITAL  STOCK 


Or  fiscal  year  begu 


FOR  CALENDAR  YEAR  1936 
,  1936,  and  ended  .... 


This 


chedule 


to- 


gether with  green  copy 
marked  •'Duplicate", 
must  be  filed  with  and 
as  part  of  the  corpora- 
tion income  and  excess- 
profita  tax  return  for  the 
taxable  year. 


List  below  all  dividends  paid  durine 
the  taxable  status  of  the  dividonda.  If  tr 
Divideoda  paid  ia  treasury  stock  ahould 
tbe  BbAreholdera  be  carefully  reported  io  il 


the  taxable  year,  atating  in  each  case  the  character  of  the  dividead,  and  entering  thv  amounta  in  tbe  proper  colum 
•  total  amount  showD  below  differs  from  that  reported  in  Schedule  M.  item  17,  explain  the  diHercnce  at  the  end  of  t 
<e  entered  in  item  2  and  not  in  items  5  through  8.  It  is  esseatial  that  dividends  in  which  the  medium  of  payment 
^m  9,  Bud  correspondingly  excluded  from  items  1  through  8. 


.  Coah „ _ 

.  Treasury  stock 

,  Assets  other  than  money  or  tbe  corporation's 

.  Obligationa  of  the  corporation  (bonds,  Dotes,  scrip,  etc.) 

.  Common  stock  of  the  corporation  to  holders  of  preferred*  stocks „ 

,  Preferred*  stock  of  the  corporation  to  holders  of  preferred*  stock 

.  Preferred*  stock  of  tbe  corporation  to  holders  of  common  stock — —...,,. 

,  Common  stock  of  the  corporation  to  holders  of  common  stock _ 

,  Optional — Medium  of  payment  elected  by  tbo  sbareboldcre.     (List  below  separately  tho 
amounts  disbursed  in  each  medium  of  payment) : 

Common  stock ..„. ..^...._. „„..„„.«.._........«...»—... 


Other  (specify  character) . 

,  Total  (items  1  to  9) 

,  Dividends  paid  credit  (item  29,  page.  1  c 
,   Dividend  carry-over  (item  10  rainu/i  iter 


IT  UMti  lrr«Bp«otlT«  at  (onnal  dadgnatlon. 


3SEI 

Origlnul  niBtiirliy  of 
over  1  year 

Preterrftd*  stock 

Ccmmen  stock 

.0.. 

13.  Net  increase  of  decrease  during  taxable  year  in  amount  outstanding  of 

corporation's  intercEt-bcaring  obligations  with  original  maturity  of  1 
year  or  less  (indicate  decrease  by  minus  sign) „ „ 

14.  Net  proceeds  during  taxable  year  from  sale  of  corporation's  own  inter- 

est-bearing obligationa  and  capital  stock  (other  thaa  obligationa  with 

$- _ 

$.... ,  ... 

15.  Net  amounts  expended  during  taxable  year  for  retirement  of  corpora- 

tion's own  interest-bearing  oBligations  and  capital  stock  (other  thah 
obligations  with  original  maturity  of  I  year  or  leas) 

16.  Net  increase  or  decrease  (sum  of  items  13  and  14  less  item  15)., 

la  IcrtapncUve  o(  (onnal  dealgmtUon. 


STATISTICS    OF   INCOME 


213 


RETURN  FORr 

Form  1120  L 

TREASliKV  DEPARTMENT 

n  MARKED  '^DUPLICATE"  MUST  BE  FILED  WITH  THIS  ORK 

INSURANCE  COMPANY  INCOME  TAX  RETURN 

FOR  COMPANIES  ISSUING  LIFE  AND  ANNUITY  CONTRACTS.  INCLUDINC  COMBINED  UFt 
HEALTH,  AND  ACCIDENT  INSURANCE 

For  Calendar  Year  1936 

Fife  Ul*  Return  with  the  CoUectar  of  InlenuJ  Re«nii«  ht  Your  Di«lrid  oa  or  B«[«n  M*/cb  IS.  IW7 

ilNAL  RETURN 

Do  Not  Write  in  These  Spaces 

(AgdJwf.  sump) 

P.U 

Cod. 

Nu^r 

PBINT  PLAINLY  COMPANY'S  NAME  AND  BUSINESS  ADDRESS 

DUlrirt 

(CUw*.  sun.) 

(Name)                                                  

(Sireelandoumtar)                                                      

iPostoffiw)                                          TConDij)                                                      (Bute) 

Schedule  C-1  must  be  filed.  IN  DUPLICATE,  wi(h  and  as  part  of  this  returo.  If 
the  company  paid  to  any  officer  or  employee  during  the  taxable  year  compensatioii 
for  personal  serrices  in  excess  of  $15,000. 

C«di       CWk      MO.                  arL.rind. 

Pint  Pvnot 
$ 

J:Z!^*H                             GROSS  INCOME 

I.   hat   DKPAaTMENT 

2.  Om.  DuuTi.Nn       {                  3.  Tot^l 

1.  interest  oa: 

(o)  ObligationB  of  ft  State,  Ten 

the  District  of  Columbia, 

(6)  ObligationB  issued  under  Fe 

■itorv,  Of  political  subdivision  thereof,  of 
or  tinited  States  poesesaions 

$ 

s 

deral  Farm  Loan  Act,  or  under  such  Act 

(c)   ObUgatioofl  of  United  SUte 
(dj  Treaaur>'  Notea,  Treasury  E 

ills,  and  Treasury  Certificates  of  Indebt- 

(e)  United  Btates  Savings  Bon 

principal  amount  of  $5,0C 
(J)  United  States  Savinga  Bo 

principal  araount  of  over 
ig)  Obligations  of  instrumental! 

gationa  to  be  reported  in 
(A)  Loans,  Notes,  Mortgages,  E 
2.  Dividendfl  on  Stock  of: 

(a)  Domeetic  Corporations  sub 

1936 

da  and  Treasury  Bonds  owned  in  the 

ds  and  Treasury  Bonds  owned  in  the 
$5.000 

ties  of  the  United  States  (other  thanobli- 

cct  to  income  tax  under  Revenue  Act  of 

(b)  Domestic  Corporations  not  subject  to  income  tax  under  Revenue  Act 
of  1936 

S.  Renta  (attach  scbcdule) 

4,              Total  Incoue  in  Iteub  1  to  3  (extend  total  to  column  3) 

s 

^ 

$ 

= 



DED 

5.  Interest  WhoUy  Exempt  from  Ta 
6 percent  of  the  Mean  of  the  I 

7.  Two  percent  of  the  Reserve  Held 

8.  Investment  Expenses  (attach  ache 

UCTIONS 

11.  Depreciation  and  Obsolescence  (a 

13.  Total  Dedoctionb  m  Ite 

14.  Net  Income  (Item  4  minu 

118  5  TO  12  (extend  total  to  column  3) 

$ 

$.,,     , 

8  Item  13)..._ 

$ 

COMPUTATION  OF  TAX 


15.  Net  Income  (Item  14  above) — „ « 

s 

J6.  Lesa:  Interest  Partially  Exempt  from  Tax  Csce  Instruction  15> - _ „ 

17.              Dividends  Received  Credit  (So%  of  Item  2  (a)) „ 

1 

18.  Normal-tax  Net  Income  (Item  15  minus  Items  16  and  17J „ _ 

s 

20.  Leas:  Income  Tax  Paid  to  a  Foreign  Country  or  United  States  Possession  by  Domestic  Company  (see  Instruction  17 

% 

= 

AFFIDAVIT  (See  Instruction  25) 


,  and  complete  return,  made  in  good  faith,  for  the 


Subscribed  and  eworn  to  before  me  this day  of  . 


( Siena iiin  of  officer  admimunng  a 


CORPORATE 


IT  ptlocii^  officer)    (Sute  IUI«) 


i(  AccouaUng  Offlc«r) 


«f  which  I/we  have  i 
Subscribed  and 


AFFIDAVIT  {See  Instructio 


(or  affirm)  that  I/we  prepared  tbie  return  for  the  pCTson  r 
,  correct,  and  complete  etatement  of  all  the  information  i 
ly  knowledge. 


day  of ,  193— 


(Blgnawre  of  offlw  "*'"'"'***^"t  «*Ui) 


(Name  of  finn  or  eaptorer,  1 


214 


STATISTICS   OF    INCOME 


SCHEDULE  A— BESEBVE  FUNDS 


..,™ 

1  BtoDnmaotTAXuuTua 

1.  Emd  or  TUAUB  Ybaa 

din    P  11  ■          ''  »        "■ 

, 

2.  Other  ReMrve  Funds  Otemiie  below): 

8.             Totals  or  Itxms  1  and  2 

$ 

» 





4.  Total  of  Columna  2  and  3,  as  shown  in  Item  3  above 

6.  Mean  of  the  Reserve  Funds  for  the  Taiable  Year  (one-half  of  It«m  4) .. 

ft. percent  of  the  Mean  of  the  Reserve  Funds,  &b  shown  in  Item  5  (see  Instruction  6) ™— , ™ $. 

7.  Total  Reflcrve  Funds  of  Foreign  Companies  at  End  of  Taxable  Year  upon  Business  within  the  United  States  (attach  atatement),  S. 

8.  Percentage  which  Item  7  ia  of  Item  3,  Column  3  (compute  a  fraction  of  1  percent  to  three  decimal  figures) 

8.  Give  the  Title  and  Sections  of  State  Statutes  or  Insurance  Department  Rulings  Requiring  the  Reserves  Claimed  Above. 


SCHEDULE  B~INVESTED  ASSETS  BOOK  VALUES 


LIFE  DEPARTMENT 

OTHEK  DEPARTMENTS 

1.  IIKIO 

Z.  Beomnino  or  Taubls  Yui 

a.  End  or  Taxibu  Ysia 

4,B.o.™,»oofT.i^.L.y.». 

!.  E»i.  0,  T^v...  V... 

$„.   . 

$..      - 

$     .._. 

s 

3.  Collateral  Loans 



■""- 







— 

.._.. 

4.  Policy       ans.    ncu       g 

■     °"      ^               f    C    ^      f 

7.  Wholly  and  partially  Tax-exempt  Obligations: 

(o)  Obligations  of  a  State,  Territory,  or  politi- 

caTsubdi  vision  thereof,  or  the  District  of 

Coluhibia,  or  United  States  Possessiona.. 

(6)  Obligations  issued  under   Federal   Farm 



(c)  Obligations' of  United  States  issued  on  or 

id)  Treasury     Notes,    Treasury     Bills,    and 

(«)  United  SUtes  Savings  Bonds  and  Treas- 
ury   Bonds    owned    in    the    principal 

CO  United  States  Savings  Bonds  and  Treas- 
ury   Bonds    owned    in    the    principal 

(j)  Obligations   of   instrumentalities   of   the 
United  States  (other  than  obligations  to 

S    Ba  k  D       "^^^B             1   tere  t 

9.  Other  Interest-bearing  Assets  (attach  statement). 
10.               Totals  or  Items  1  to  9 

S 

$ 

$ 

s 



!l.  Total  of  Columns  2  to  5,  inclusive,  as  shown  in  Item  10  above — _ _ „ _ S- 

12.  Mean  of  the  Invested  Ajssets  for  the  Ta.\ablc  Year  (one-half  of  Item  II) _ _ - $.. 

13.  One-fourth  of  I  percent  of  the  Mean  of  the  Invested  Assets - - S- 


SCHEDULE  C— EXPLANATION 

or  DEDUCTION  FOR  DEPRECIATION     (See  Inslr 

uution  11) 

"C0M3TBVC7ID) 

-—» 

(iNDtClIB   Ba9U) 

sfi^rl; 

tS^ 

'V££'T 

7.  Li..  UiED 

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This  Ylia 

s 

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$ 

i 

$ 





^^ 

1.  Date  of  incorporation - 

2.  Under  the  laws  of  what  State  or  country? _ _ 

3.  Did  the  company  file  a  return  under  the  same  name  for  the  preceding 

taxable  year? _ _     Was  the  company  in  any  way  an  outgrowth, 

result,  continuation,  or  reorganization  of  a  business  or  businesses  in  existence 
during  this  or  any  prior  year  since  December  31,  1917? If 


nd  address  ot"  each  predet 


r  business,  and  the 


date  of  the  change  in  entity: 


Upon  auch  change  were  any  asset  values  increased  or  decreased? 

4.  State  the  amount  of  deferred  dividend  funds  at  the  end  of  the  ta.xable 
year,  exclusive  of  any  amount  held  for  i>ayment«  during  the  following  taxable 

5.  Describe  method  used  for  determining  Investment  expenses  shown   in 
Item  8,  page  1  — „ — - — — — 


6.  Is  the  method  the  same  as  that  used  in  preparing  the  Gain  and  Loss 
Exhibit  for  1935?  .._ _ If  not.  state  change  and  reason  therefor: 


7.  Are  any  general  expenses  in  part  assigned  to  or  included  in  the  investment 
expenses  shown  in  Item  8,  page  I? 

PREPARATION  OP  RETURN  (Sec  Instruction  20) 

8.  Did  any  person  or  persons  advise  the  company  in  respect  of  any  question 
or  matter  affecting  any  item  or  schedule  of  this  return,  or  as^sist  or  advise  tho 
company  in  the  preparation  of  this  return,  or  actually  prepare  this  return  for 

the  company? If  so.  give  the  name  and  address  of  such 

■  adv 


return  and  the  t 
or  persons 


radv; 


which  it  was  fumiibcd  to  or  obtained  by  such  person 


INFORMATION  RETURN 

9.  Did  th«  company  make  a  return  of  information  o 
•M  Instnietioa  31)  (or  tbe  calendar  yew  1930?  . 


Forma  109C  and  1099 


STATISTICS   OF   INCOME 


215 


INSTRUCTIONS 

The  Instrnetions  Numbered  1  to  12  Cocrespond  with  the  Item  Namben  on  Page  1  of  the  Returo 


GROSS  INCOME  AND  DEDUCTIONS 

1.  Interest — Enter  as  item  1  interest  received  from  ail 
•during  the  taxable  year.    Interest  on  bonds  is  considered  income 
when  due  and  payable. 

2.  Dividends. — Enter  as  item  2  (a)  the  amount  received  as 
dividends  (1)  from  a  domestic  corporation  which  is  subject  to  taxa- 
tion under  Title  I  of  the  Revenue  Act  of  1936  other  than  a  corporation 
•entitled  to  the  benefits  of  section  251  of  the  Revenue  .\ot  of  1936 
and  other  than  a  corporation  organized  under  the  China  Trade  Act, 
1922.  Enter  as  item  2  (6)  dividends  from  a  domestic  corporation 
■which  is  not  subject  to  taxation  under  Title  I  of  the  Revenue  .\ctof 
1936.  Enter  as  item  2  (c)  dividends  from  a  foreign  corporation  and 
•dividends  from  a  corporation  entitled  to  the  benefits  of  section  251 
of  the  Revenue  Act  of  1936  and  a  corporation  organized  under  the 
•China  Trade  Act,  1922.  Submit  schedule,  itemizing  all  dividends 
received  during  the  year,  stating  amounts  and  names  and  addresses 
•of  the  corporations  declaring  the  dividends. 

3.  Rents.— Enter  as  item  3  rents  received  from  tenants. 

4.  Total  income.— Enter  as  item  4  the  total  of  items  I  to  3, 
inclusive. 

5.  Interest  exempt  from  taxation.— Enter  as  item  5  the  amount 
of  interest  which  is  wholly  exempt  from  taxation  under  the  provisions 
of  section  22  (b)  (4)  of  the  Revenue  Act  of  1936. 

See  Instruction  15  with  respect  to  partially  tax-exempt  interest 
which  is  allowed  as  a  credit  against  net  income. 

6.  Percentage  of  the  mean  of  the  reserve  fimds.— Enter  as  item  6 
the  amount  reported  as  item  6  in  Schedule  A.  There  may  be 
•deducted  from  gross  income  an  amount  equal  to  4  percent  of  the 
mean  of  the  reserve  funds  required  by  law  and  held  at  the  beginning 
and  end  o(  the  taxable  year,  except  that  in  the  case  of  any  such  reserve 
fund  which  is  computed  at  a  lower  interest  assumption  rate,  the  rate 
of  3?i  percent  shall  be  substituted  for  4  percent.  Life  insurance 
companies  issuing  policies  covering  life,  health,  and  accident  in- 
surance combined  in  one  policy  issued  on  the  weekly  premium  pay- 
ment plan,  continuing  for  life  and  not  subject  to  cancelation,  shall 
be  allowed,  in  addition  to  the  above,  a  deduction  of  3?J  percent 
of  the  mean  of  such  reserve  funds  (not  required  by  law)  held  at  the 
beginning  and  end  of  the  taxable  year,  as  the  Commissioner  finds 
to  be  necessary  for  the  protection  of  the  holders  of  such  policies 
only.  For  definition  of  "allowable  reserves"  see  Article  203  (a) 
(2)-l,  Regulations  94. 

7.  Two  percent  of  the  reserve  held  for  deferred  dividends.— Enter 
as  item  7  an  amount  equal  to  2  percent  of  the  reserve  held  at  the  end 
ot  the  taxable  year  for  deferred  dividends  the  payment  of  which  is 
deferred  for  a  period  of  not  less  than  5  years  from  the  date  of  the 
policy  contract.  Do  not  include  in  such  reserve  dividends  payable 
during  the  following  t-axable  year. 

S.  Investment  expenses.— Enter  as  item  8  expenses  paid  which 
are  properly  chargeable  to  investment  expenses,  the  total  amount 
of  which,  if  there  be  any  allocation  of  general  expenses  to  investment 
expenses,  should  not  exceed  one-fourth  of  1  percent  of  the  mean  of 
the  invested  assets  reported  in  item  II,  ScJieduleB.  Submit  a  sched- 
ule showing  the  nature  and  amount  ot  the"  items  included  herein,  the 
minor  items  being  grouped  in  one  amount.  See  section  203  (a)  (4) 
ot  the  Revenue  Act  of  1936.  For  definition  ot  "general  expenses" 
see  Article  203  (a)  (4)-l,  Regulations  94. 

9.  Taxes.— Enter  as  item  9  taxes  paid  exclusively  upon  real 
estate  owned  by  the  company  and  taxes  assessed  against  individual 
shareholders  and  paid  by  the  company  without  reimbursement,  as 
provided  in  section  203  (a)  (5)  of  the  Revenue  Act  of  1936.  Do  not 
include  ta.\es  assessed  against  local  benefits  ot  a  kind  tending  to 
increase  the  value  ot  the  property  assessed,  as  tor  paving,  sewers,  etc. 
For  limitation  on  deduction  see  Article  203  (b)-l,  Regulations  94. 

10.  Real  estate  expenses.— Enter  as  item  10  all  ordinary  and 
necessary  building  expenses,  such  as  fire  insurance,  heat,  light,  labor, 
•etc.,  and  the  cost  ot  incidental  repairs  which  neither  materially  add 
to  the  value  of  the  property  nor  appreciably  prolong  its  lite,  but 
keep  it  in  an  ordinarily  efficient  operating  condition.  Do  not  include 
any  amount  paid  out  for  new  buildings  or  for  permanent  improve- 
ments or  betterments  made  to  increase  the  value  of  any  property 
■or  any  amount  expended  on  foreclosed  property  before  such  prop- 
erty is  held  forth  tor  rental  purposes  For  limitation  on  deduction 
see  Article  203  (b)-l,  Regulations  94. 

11.  Depredation. —The  amount  deductible  on  account  of  depre- 
ciation in  item  11  is  an  amount  reasonably  measuring  the  portion 
of  the  investment  in  depreciable  property  by  reason  of  exhaustion, 
wear  and  tear,  or  obsolescence,  which  is  properly  chargeable  against 
the  operations  ot  the  year.  In-  any  event  the  deduction  is  limited 
to  the  depreciation  on  the  property  that  is  used,  and  to  the  extent 
jised,  for  the  purpose  of  producing  the  income  specified  ia  section 


202  (a)  of  the  Revenue  Act  of  1936.  II  the  property  was  acquired  by 
purchase  on  or  after  March  1,  1913,  the  amount  of  depreciatioa 
should  be  determined  upon  the  basis  of  the  original  cost  (not  re- 
placement 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  ot  depreciation  will  bo 
determined  in  the  same  maimer,  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  the  Revenue  Act  ot  1936.  The  capital  sum  to  be 
recovered  should  be  charged  off  ratably  over  the  useful  life  of  the 
property.  Whatever  plan  or  method  ot  apportionment  is  adopted 
must  be  reasonable,  must  have  due  regard  to  operating  conditions 
during  the  taxable  year,  and  should  be  described  in  the  return. 

If  a  deduction  is  claimed  on  account  of  depreciation.  Schedule  C 
should  be  filled  in.  In  case  obsolescence  is  included,  state  separately 
amount  claimed  and  basis  upon  which  it  is  computed.  Land  values 
or  cost  must  not  be  included  in  the  schedule,  and  where  land  and 
buildings  were  purchased  tor  a  lump  sum  the  cost  of  the  building 
subject  to  depreciation  must  be  estabUshed. 

The  adjusted  property  accounts  and  the  accumulated  depreciation 
shown  in  the  schedule  should  be  reconciled  with  those  accounts  as 
reflected  on  the  books  of  the  taxpayer. 

Slocks,  bonds,  and  like  securities  are  not  subject  to  exhaustion, 
wear  and  tear,  within  the  meaning  ot  the  law. 

Sec  sections  23  (1),  1 14,  and  203  (a)  (6)  of  the  Revenue  Act  ot  1936. 

For  limitation  on  deduction  see  Article  203  (b)-l.  Regulations  94. 

12.  Interest  on  indebtedness. — Enter  as  item  12  the  amount  of 
interest  paid  during  the  taxable  year  on  the  company's  indebtedness, 
except  on  indebtedness  incurred  or  continued  to  purchase  or  carry 
obligations  (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.  Interest 
paid  on  dividends  held  on  deposit  and  surrendered  during  the  ta.x- 
able  year  should  be  included  in  this  item.  Do  not  include  any 
interest  paid  on  deferred  dividends  on  which  a  deduction  was 
allowed  under  item  7. 

It  a  life  insurance  company  pays  interest  on  the  proceeds  of  life 
insurance  poUcies  left  with  it  pursuant  to  the  provisions  of  supple- 
mentary contracts,  not  involving  hfe  contingencies,  or  similar  con- 
tracts, the  interest  so  paid  shall  be  allowed  as  a  deduction  from  gross 
income,  except  that  such  deduction  shall  not  be  allowed  in  respect 
ot  interest  accrued  in  any  prior  taxable  year  to  the  extent  that  the 
company  has  bad  the  benefit  of  a  deduction  ot  4  percent  or  3!{ 
percent,  as  the  case  may  be,  of  the  mean  ot  the  company's  liability 
on  such  contracts,  by  the  inclusion  ot  such  liability  in  its  reserve 
funds. 

13.  Rental  value  of  real  estate. — The  deduction  included  in  items 
9  to  11  on  account  ot  real  estate  owned  and  occupied  in  whole  or 
in  part  by  the  company  shall  be  limited  to  an  amount  which  bears 
the  same  ratio  to  such  deduction  (computed  without  regard  to  sub- 
section (b)  ot  section  203  ot  the  Revenue  Act  ot  1936)  as  the  rental 
value  of  the  space  not  so  occupied  bears  to  the  rental  value  ot  th« 
entire  property.     (Submit  detailed  schedule.) 

14.  Items  not  deductible.— No  deduction  is  allowable  tor  the 
amount  of  any  item  or  part  thereof  allocable  to  a  class  of  e.tempt 
income,  other  than  interest.  Items  directly  attributable  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  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  its  return  as  a 
part  thereof  an  itemized  statement,  in  detail,  showing  (1)  the  amount 
ot  each  class  of  exempt  income,  and  (2)  the  amount  ot  items  allocated 
to  each  such  class  (the  amount  allocated  by  apportionment  being 
shown  separately). 

CREDITS  AGAINST  NET  INCOME 

15.  Enter  as  item  16  the  amount  of  interest  included  in  gross 
income  which  is  partially  exempt  from  taxation  under  the  provUioas 
ot  section  22  (b)  (4)  ot  the  Revenue  Act  ot  1936. 

16.  Enter  as  Item  17,  85  percent  ot  the  amount  received  as  divi- 
dends  from  a  domestic  corporation  which  is  subject  to  income  tax 
under  the  Revenue  Act  of  1936  —  85  percent  ot  Item  2  (a). 

CREDIT  FOR  TAXES 

17.  If  credit  is  claimed  in  item  20  for  income  tax  paid  to  a  foreign 
country  or  possession  ot  the  United  States,  Form  1118,  together 
with  the  receipt  for  each  such  tax  payment,  must  be  submitted  with 
this  return.  If  credit  is  claimed  for  taxes  accrued  a  bond  may  also 
be  required  on  Form  1119.  A  foreign  company  is  not  entitled  to 
claim  this  credit.  t-inn 


216 


STATISTICS    OF    INCOME 


UST  OF  ATTACHED  SCHEDULES 

IS.  Attach  a  list  of  the  schedules  accompanying  this  return,  giving 
for  e-ach  a  brief  title  and  the  schedule  number.  Place  name  and 
address  of  company  on  each  schedule. 

COMPANIES  REQUIRED  TO  FILE  A  RETURN 

19.  Liability. —Every  domestic  life  insurance  company  and  every 
foreigii  life  insurance  company  carrying  on  an  insurance  business 
within  the  United  States  or  holding  reserve  funds  upon  business 
transacted  within  the  United  States,  issuing  life  insurance  and  annuity 
contracts  (including  contracts  of  combined  life,  health,  and  accident 
insurance),  the  reserve  funds  of  which  held  for  the  fulfillment  of  such 
contracts  comprise  more  than  50  percent  of  its  total  reserve  funds, 
shall  file  a  return  on  this  form.  See  sections  201  to  203  of  the  Revenue 
Act  of  1936. 

20.  Basis  of  return. —A  return  on  this  form  shall  be  rendered  on  a 
cash  receipts  and  disbursements  basis  in  conformity  with  the  annual 
statement  made  to  the  State  Insurance  Department,  instead  of  the 
accrual  basis. 

21.  Annual  statemenL— A  copy  of  the  annual  statement  for  life 
insurance  companies  adopted  by  (he  National  Convention  of  In- 
surance Comjnissioners  for  the  year  193C,  as  filed  with  the  Insurance 
Department  of  the  State,  Territory,  or  District  of  Columbia,  which 
shows  the  reserves  used  in  computing  the  net  income  reported  on 
theretum,  together  with  copies  of  Schedule  A  (real  estate)  and  Sched- 
ule D  (bonds  and  stocks),  must  accompany  this  return.  Similar 
copies  for  the  preceding  year  must  also  be  furnished,  if  not  filed 
with  the  return  for  the  previous  year. 

22.  Compensation  of  officers  and  employees. — If  the  company 
ptiid  to  any  officer  or  employee  during  the  taxable  year  compensation 
{or  personal  services  in  excess  of  $15,000,  Schedule  C-1  (copies  of 
which  may  be  obtained  from  the  collector  of  internal  revenue)  must 
be  filed,  IN  DUPLICATE,  with  and  as  part  of  this  return. 

PERIOD  COVERED 

23.  The  return  shall  be  for  the  calendar  year  ended  December  31, 
1936,  and  the  net  income  computed  on  the  calendar  year  basis  in 
itccordance  with  the  State  laws  regulating  insurance  companies. 

TIME  AND  PLACE  FOR  FIUNG 

24.  The  return  must  be  sent  to  the  collector  of  internal  revenue  for 
the  district  in  wliich  the  company's  principal  place  of  business  or 
principal  office  or  agency  is  located,  so  as  to  reach  the  collector's 
office  on  or  before  March  15,  1937.  In  the  case  of  a  foreign  company 
maintaining  an  office  or  place  of  business  within  the  United  States, 
the  return  shall  be  filed  on  or  before  June  15,  1937. 

The  collector  of  internal  revenue  may  grant  a  reason  abler  extension 
of  time  for  filing  a  return,  not  to  exceed  6  months,  if  application 
therefor  is  made  before  the  date  prescribed  by  law  for  filing  such 
return,  whenever  in  his  judgment  good  cause  exists. 

AFFIDAVITS 

25.  The  return  shall  be  sworn  to  by  the  president,  vice  president, 
or  other  principal  officer,  and  by  the  treasurer,  assistant  treasurer, 
or  chief  accountmg  officer.  Receivers,  trustees  in  dissolution,  trustees 
in  bankruptcy,  and  assignees,  operating  the  property  or  business  of 
corporations,  must  make  returns  of  income  for  such  corporations. 
If  a  receiver  has  full  custody  of  and  control  over  the  business  or  prop- 
erty of  a  corporation,  he  shall  be  deemed  to  be  operating  such 
business  or  property,  whetlier  he  is  engaged  in  carrying  on  the  busi- 
ness for  wliich  the  corporation  was  organized  or  only  in  marshaling, 
selling,  and  disposing  of  its  assets  for  purposes  of  liquidation.  An 
iittorney  or  agent  employed  to  represent  the  company  before  the 
Department  is  not  permitted  to  administer  the  oath. 


26.  Question  8  at  the  foot  of  page  2  of  the  return  should  bo 
answered  fully,  and  wher^  the  return  is  actually  prepared  by  some 
person  or  persons  other  than  the  taxpayer,  such  person  or  persons 
must  execute  the  affidavit  at  the  foot  of  page  1  of  th6  return. 

PAYMENT   OF  TAX 

27.  The  tax  should  be  paid  by  sending  with  the  return  a  check  or 
money  order  drawn  to  the  order  of  "Collector  of  Internal  Revenue 
at  (insert  name  of  city  and  State)."  Do  not  send  cash  by  mail,  nor 
pay  it  in  person  except  at  the  collector's  office. 

The  tax  may  be  paid  at  the  time  of  filing  the  return,  or  In  four 
equal  installments,  as  follows:  The  first  installment  shall  be  paid  on 
or  before  March  15,  1937,  the  second  installment  on  or  before  June 
15,  1937,  the  third  installment  on  or  before  September  15,  1937, 
and  the  fourth  installment  on  or  before  December  15,  1937. 

If  any  installment  is  not  paid  on  the  date  fixed  for  its  payment, 
the  whole  amoimt  of  the  tax  unpaid  shall  be  paid  upon  notice  and 
demand  by  the  collector. 

PENALTIES 

28.  For  wiUfol  failure  to  make  and  file  a  return  on  time. — Not 

more  than  $10,000,  or  imprisonment  for  not  more  than  I  year,  or 
both,  together  with  the  costs  of  prosecution,  and,  in  addition,  5 
percent  to  25  percent  of  the  amoimt  of  the  tax. 

29.  For  THllfnlly  attempting  to  evade  or  defeat  payment  of  the 
tax. — Not  more  than  $10,000,  or  imprisonment  for  not  more  than  5 
yeaJB,  or  both,  together  with  the  costs  of  prosecution. 

30.  For  deficiency  dae  to  negligence  or  fraud. — Five  percent  of  the 
amount  of  the  deficiency  if  due  to  negligence  or  intentional  disregard 
of  rules  and  regulations  without  intent  to  defraud,  or  50  percent  of 
the  amount  of  the  deficiency  if  due  to  fraud. 

INFORMATION  AT  SOURCE 

31.  Every  insurance  company  shall  make  a  return  on  Forms  1096- 
and  1099  with  respect  to  amoimts  paid,  credited,  or  distributed 
during  the  calendar  year  (a)  as  salaries  or  other  compensation  for 
personal  services,  totaling  $1,000  or  more  in  the  case  of  a  citizen  or 
resident  who  is  not  married  or  whose  marital  status  is  unknown,  or 
$2,500  or  more  in  the  case  of  a  married  citizen  or  resident,  or  {b)  as 
interest,  "rent,  premiums,  annuities,  or  other  fixed  or  determinable 
income  totaling  $1,000  or  more  to  a  fiduciary,  a  domestic  or  resident 
partnership,  or  a  citizen  or  resident.  The  return  on  Forms  1096  and 
1099  shall  also  include  dividend  payments,  amoimting  to  $300  or 
more  during  the  calendar  year  1936  to  each  shareholder  who  is  an 
individual  (citizen  or  resident  of  the  United  States),  a  resident 
fiduciary,  or  a  resident  partnership  any  member  of  which  is  a  citizen 
or  resident,  or  pajTnents  of  dividends  amounting  to  SloO  or  more 
during  the  period  from  January  1,  1936,  to  July  1,  1936,  inclusive, 
to  any  shareholder  who  is  a  nonresident  alien  individual,  a  nonresi- 
dent alien  fiduciary,  or  a  nonresident  partnership.  The  forms  will 
be  furnished  by  any  collector  of  internal  revenue  upon  request. 
Sudi  returns  of  information  covering  the  calendar  year  1936  must 
be  forwarded  to  the  Commissioner  of  Internal  Revenue,  Sorting 
Section,  Washington,  D.  C,  in  time  to  be  received  not  later  than 
February  15,  1937. 

DUPUCATE  RETURN 

32.  The  copy  of  the  return  required  to  be  filed  on  the  duplicate 
form  (green  paper)  shall  be  a  complete  dupUcate  of  the  return 
except  that  it  need  not  be  signed  or  sworn  to  nor  accompanied  by 
a  copy  of  Schedule  C-1  or  a  copy  of  the  annual  statement  made  ts> 
the  insurance  department  of  the  State,  Territory,  or  District  of 
Columbia.  For  failure  to  file  the  duplicate  return  on  time  there 
will  be  assessed  $10,  which  will  be  payable  upon  notice  by  the 
collector. 


STATISTICS    OF   INCOME 


217 


RETURN  FORM  MARKED  "DUPLICATE"  MUST  BE  FILED  WITH  THIS  ORIGINAL  RETURN 


RETURN  OF  PERSONAL  HOLDING  COMPANY 

SUBJECT  TO  SURTAX  UNDER  SEQION  351  OF  THE  REVENUE  ACT  OF  1936 

For  Calendar  Year  1936 

or  Fisci!  Yur  liepiii 1936,  aid  ended                                   1937 

Do  net  «rlte  in  thete  cpMM 

I(*T£aM4L  BBTKNDt  StavlCt 

(Auditor's  Sl«mp) 

File 

Code _ 

Serid 

Nonber __ 

PRINT  PUAINLY  CORPORATION'S  NAME  AND  BUSINESS  ADDRESS 
" (NiiJi 

(Ceililer'e  St«mp) 

(S'lnil  ud  :i<iii>b;^|                

(Kil  oSci                               iCmmy)                              Isuu'i 

Ca.h          Check          M.  O.           Ceet.  at  ind. 

U  ii  Eueotial  Val  lUs  Form  be  Campkkl;  Tilled  In  lirespectin  <l  An;  Sblemnb.  S<h<iliilei, 
or  Reporit  Submitted  Herewith 

Flrel  Pejrmenr 
$ _ _ _. 

I  though  under  section  351  (d)  of  the  Revenue  Act  ot  1936  the  surtax  does  not  apply.    In  such  event  onlf 


Did  any  person  or  pereoos  advise  the  corporation  in  respect  of  any  questioa  or  matter  affecting  any  item  or  schedule  of  this  return,  or  assist  or  advise  the 

eorporatioii  in  the  preparation  of  this  return,  or  actually  prepare  this  return  for  the  corporation?  If  so,  give  the  name  and  addrcas  of  such  pereoa 

(Answer  "yes "or  "no") 
or  pereonfl  and  state  the  nature  and  extent  of  the  assistance  or  advice  received  and  the  items  and  schedules  in  respect  of  which  the   assistance  or  advice  waa  received; 
if  this  return  was  actually  prepared  by  any  person  or  persons  other  than  the  corporation,  state  the  source  of  the  informatioo  reported  in  this  return  and  the 
1  which  it  was  furnished  to  or  obtained  by  such  person  or  persons „ 


.ctually  prepared  by  some  person  or  persons  other  thaa  the  corporation,  such  person 


ADJUSTED  NET  INCOME  (see  Instruction  5) 

(as  defined  in  Title  I  of  the  Revenue  Act  of  1936) , 

Krar-profits,  and  excess-profits  taxes  (aot  deducted  is  compuUDx  lum  l)  i 


Less:   Federal  inc< 

Contributions  or  gifts  (Dot  deducted  la  oomputlng  lUm  1)  (fraii 
Losses  from  sale  or  exchange  of  capital  assets  (diaoltoved 
Income  tax  paid  to  a  foreign  country  or  U.  S.  possessi' 

Total  op  items  2  to  5 

ADJUSTED  NET  INCOME  aiem  i  miaoaiwmo) 


eC).. 


UNDISTRIBUTED  ADJUSTED  NET  INCOME  (see  Instnictlon  5) 


8.  Adjusted  net  income  (It«m7aboM)  (Enter  in  both  colurana) 

0.  Leas:   Dividends  from  personal  holding  companies  (irom  Scbeduls  A) 

10.  Balance  (Ilam  8,  o-lumn  l.  minus  Item  8) _ 

11.  207c  of  Item  10 

12.  Amount  used  or  set  aside  to  retire  indebtedness  (trom  SdwduU  E)  (an  IiutnicUoo  a). 

13.  Dividends  paid  credit 

14.  Total  op  items  11  to  13 

16.  UNDISTRIBUTED  ADJUSTED  NET  INCOME  atam8.«Iama2.  mlmu  I 


COMPUTATION  OF  TAX 


le.  Surtax  c 

17.  SurtAX  c 

18.  Surtax  < 
10.  Surtax  c 
SO.  Surtax  t 
31. 


1  portioD  of  Item  15  o 
I  portion  of  Item  15  i 
1  portion  of  Item  15  i 
1  portion  of  Item  15  i, 
1  portion  of  Item  15  i 
TOTAL  SURTAX  (Amount  of  s 


icess  of  $2,000 

s  of  $2,000  and  not  in  ( 
9  of  $100,000  and  not  i 
a  of  $500,000  and  not  i 
8  of  $1,000,000 


s  of  $100,000 

eea  of  $500,000.— 
ess  of  $1,000,000.. 


AFFIDAVIT  (see  Instruction  7) 


We,  the  undersigned,  president  (or  vice  presideot,  or  other  principal  officer)  and  treasurer  (or  assistant  treasurer,  or  chief  accounting  officer)  of  the  corpora- 
tion for  which  this  return  is  made,  being  severally  duly  sworn,  each  for  himself  deposes  and  says  that  this  return  (including^ any  accompanyingachcdulea  and 
statements)  has  been  examined  by  him  and  is,  to  the  beat  of  hia  knowledge  and  behef,  a  '  '         '  "'  "        '  — --■- 

year  stated,  pursuant  to  the  Revenue  Act  of  1936  and  the  Regulations  issued  thereunder. 


,  correct,  and  complete  return,  made  in  good  faith,  for  the  taxable 


Subscribed  and  e 


r  pnadpol  offloet) 


{notabialI 
bbal     J 


(SlrnMun  of  ofDa 


1/we  swear  (ot  affirm)  that  I/we  prepared  this  return  for  the  person  named  herein  and  that  the  return  (including  any  accompanying  schedules  and  aUtemenU) 
I  true,  correct,  and  complete  statement  of  all  the  information  respecting  the  additional  graduated  income  tax  or  surtax  liability  of  the  person  for  whom  this 
urn  has  been  prepared  of  which  I/we  have  any  knowledge. 


Subscribed  and  g 


;  this day  of 


I       BCAL       J 


(Slfuiun  ol  offlcvT  ftdmlalflteiinc  oaCb) 


iremptoTW.  tfaar^ 


218 


STATISTICS    OF    INCOME 


SCHEDtJlE  A— DlTldenda  Becdred  from  PenoBal  Holding  Computes 


Null  AND  A&DKKM  or  PXSSONAf  BOLDDIO  COtfrilT 


Tf>TAL  (eoter  aa  Item  9).. 


SCHEDULE  B— FedertI  Income.  Wu-Proflts,  and  Eicess-ProGts  Taxea 


SCHEDULE  C— Statement  of  Contribntiona  (see  Instraction  5) 

NANS  OT  OROAMSATIOK 

amoont  Pajb 

Name  o?  OEOAHiztTioM 

AllOCMT  Fa0 

s 

s.   ...  .    - 

Total  CoNxiUBOTiONa  (enter  as  Item  3) 

$ 



SCHEDULE  D— Payment  of  Sortaz  on  Pro  Rata  Shares  (see  Instruction  11) 

<F1II  Inonljlf  eerllon  JSI(d)  of  the  B«*cnu  Act  «r  I33C  >pf ties) 

Naub  akd  Addblss  or  Each  Shaeihoidsb 

.„^«^.'?s;iHT.'„'ff.^ 

Sbareholdbk 

Total  (if  different  from  Item  7  Bubmit  explanation). _ |  S 

SCHEDULE  E— Deductions  Claimed  for  Amonnls  Used 

or  Sel  Aside  to  Retire  Indebted 

ness  Incurred  Prior  to  January 

,1934 

,,.„..™..» 

'?;'>tJ,='° 

Di'K  Date) 

'gf3H- 

°T?ElE%!r 

.B.u»eE 

T^?A'iiVE^" 

•  TOT.i  Fvm  on  R«. 
8ERV1 to  Date 

Mo-    Do,    Yio, 

, 

, 

t- 

, 

, 

» 

1 

:;;:;::::::;:;;:;::; 

.-... 

STATISTICS    OF    INCOME 


2m 


TITLE  lA.  REVENUE  ACT  OF  1936 

ADDITIONAL  INCOME  TAXES 


S«c.  361.     SURTAX  ON  PERSONAL  HOLDING  COMPANIES. 

(a)  IMPOSITION  OP  TAX.— There  shall  be  levied,  collected,  and  paid. 
for  each  taxable  year  (in  addition  to  the  taxes  imposed  by  Title  I),  upon  the 
undistributed  adjusted  net  income  or  every  personal  holding  company  a  surtax 
equal  to  the  sum  of  the  following: 

(1)  8  per  centum  of  the  amount  thereof  not  io  excess  of  $2,000;  plus 

(2)  18  per  centum  of  the  amount  thereof  in  excess  of  $2,000  and  not  io  excess 
of  $100,000;  plus 

(3)  28  per  centum  of  the  amount  thereof  in  excess  of  $100,000  and  not  in 
exccGS  of  $500,000;  plus 

(4)  38  per  centum  of  the  amount  thereof  in  excess  of  $500,000  and  not  io 
excess  of  $1,000,000;  plus 

(5)  48  per  centum  of  the  amount  thereof  in  excess  of  $1,000,000. 

(b)  DEFINITIONS.— As  used  in  this  title- 

(1)  The  term  "personal  holding  company'*  means  any  corporation  (other 
than  a  corporation  exempt  from  taxation  under  section  101,  and  other 


;  for  the  taxable  year  is  derived  from  royalties,  dividends,  im 

C6t,  annuities,  and  (except  in  the  case  of  regular  dealers  in  stock  or 
securities)  gains  from  the  sale  of  stock  or  securities,  and  (B)  at  any 
lime  during  the  last  half  of  the  taxable  year  more  than  50  per  centum 
in  value  of  its  outstanding  stock  is  owned,  directly  or  indirectly,  by  or 
for  not  more  than  6ve  individuals.  For  the  purpose  of  determining  the 
ownership  of  stock  in  a  personal  holding  company — (C)  stock  owned, 
directly  or  indirectly,  by  a  corporation,  partnership,  estate,  or  trust 
shall  be  considered  as  being  owned  proportionately  by  its  shareholders, 
partners,  or  beneficiaries;  (D)  an  individual  shall  be  considered  as 
owniftg,  to  the  exclusion  of  any  other  individual,  the  stock  owned, 
directly  or  indirectly,  by  his  family,  and  this  rule  shall  be  applied  in 
such  manner  as  to  produce  the  smallest  possible  r\umber  of  individuals 
owning,  directly  or  indirectly,  more  than  50  per  centum  in  value  of  the 
outstanding  stock;  and  (E)  the  family  of  an  individual  shall  include 
only  his  brothers  and  sisters  (whether  by  the  whole  or  half  blood), 
spouse,  ancestors,  and  lineal  descendants. 
(2)  The  term  "undistributed  adjusted  net  income"  means  the  adjusted  net 


sthes 


1  of: 


rthe 


are  allowable  as  a  credit  for  the  purposes  of  the  tai  imposed  by  section 
13  or  204; 

(B)  Amounts  used  or  set  aside  to  retire  indebtedness  incurred  prior  to 
January  I,  1934.  if  such  amounts  are  reasonable  with  reference  to  the 
size  and  terms  of  such  indebtedness;  and 

(C)  The  amount  of  the  dividends  paid  credit  provided  in  section  27, 
computed  without  the  benefit  of  subsection  (b)  thereof  (relating  to  the 
dividend  carrynDver). 

(3)  The  term  "adjusted  net  income"  means  the  net  income  minus  the  sum  of; 

(A)  Federal  income,  war-profits,  and  excess-profits  taxes  paid  or 
accrued  during  the  taxable  year  to  the  extent  not  allowed  as  a  deduction 
by  section  23,  but  not  including  the  tax  imposed  by  this  section  or  a 
corresponding  section  of  a  prior  income-tax  law; 

(B)  Contributions  or  gifts,  not  otherwise  allowed  as  a  deduction,  to 
or  for  the  use  of  donees  described  in  section  23  (o)  for  the  purposes 
therein  specified,  including,  in  the  case  of  a  corporation  organized  prior 


January  1,  1934;  and 

(C)    Losses  from  sales  or  exchanges  of  capital  assets  which 
allowed  as  &  deduction  by  section  117  (d). 
(4)  The  terms  used  in  thii 

in  Title  I. 

(c)  ADMINISTRATIVE  PROVISIONS.— All  provisions  of  law  (including 
penalties)  applicable  in  respect  of  the  taxes  imposed  by  Title  I  of  this  Act, 
shall  insofar  as  not  inconsistent  with  this  section,  be  applicable  in  respect  of  the 
in^posed  by  this  section,  except  that  the  pro'     ' 


1  shall  have  the  s 


ling  as  when  used 


131  of  that 
title  shall  not  be  applicable. 

(d)  PAYMENT  OF  SURTAX  ON  PRO  RATA  SHARES.— The  tax  im- 
posed by  this  section  shall  not  apply  if  (1)  all  thesbareholdors  of  the  corporation 
include  (at  the  time  of  filing  their  returns)  ia  their  gross  income  their  entire 
pro  rata  shares,  whether  distributed  or  not,  of  the  adjusted  net  income  of  the 
corporation  for  such  year,  and  (2)  90  per  centum  or  more  of  such  adjusted  net 
income  is  so  included  in  the  gross  income  of  shareholders  other  than  corporations. 
Any  amount  so  included  in  the  gross  income  of  a  shareholder  shall  be  treated  as 
a  dividend  received.  Any  subsequent  distribution  made  by  the  corporation  out 
of  earnings  or  profits  for  such  taxable  year  shall,  if  distributed  to  any  shareholder 
who  has  so  included  in  his  gross  income  his  pro  rata  share,  be  exempt  from  tax 
in  the  amount  of  the  share  so  included. 

(e)  IMPROPER  ACCUMULATION  OF  SURPLUS.— For  surtax  on  corpo- 
rations  which  accumulate  surplus  to  avoid  surtax  on  stockholders,  see  section  102. 


INSTRUCTIONS 


1.  SURTAX  ON  PERSONAL  HOLDING  COMPANIES 

Section  351  of  Title  IA  imposes  (in  addition  to  the  Uxes  imposed  by  Title  I)  a 
graduated  income  tax  or  surtax  upon  corporations  classified  as  personal  holding 
companies.  Corporations  bo  classified  are  exempt  from  the  surtax  on  corpora- 
tions improperly  accumulating  surplus  imposed  by  section  102  of  Title  I,  but 
are  not  exempt  from  the  other  taxes  imposed  by  that  title.  Unlike  the  surtax 
imposed  by  section  102,  the  surtax  imposed  by  section  351  applies  to  all  personal 
holding  companies  defined  as  such  in  Instruction  2  regardless  of  whether  or  not 
they  were  formed  or  availed  of  to  accumulate  earnings  or  profits  for  the  purpose 
of  avoiding  surtax  upon  shareholders. 

A  foreie;n  corporation,  whether  resident  or  nonresident,  which  is  classified  as 
a  personal  holding  company  (Instruction  2),  is  subject  Uj  the  tax  imposed  by 
section  351  with  respect  to  its  income  from  sources  within  the  United  States. 

2.  CLASSIFICATION  OF  A  PERSONAL  HOLDING  COMPANY 

A  personal  holding  company  ia  defined  as  any  corporation  (including  foreign 
as  well  as  domestic  corporations  not  otherwise  exempt),  first,  80  percent  or 
more  of  whose  gross  income  for  the  taxable  year  was  derived  from  royalties, 
dividends,  interest,  annuities,  end  gains  from  the  sale  of  stock  or  securities; 
and,  second,  more  than  50  percent  in  value  of  whose  outstanding  stock  was 
owned,  directly  or  indirectly,  at  any  time  during  the  last  half  of  the  taxable 
year  by  or  for  not  more  than  five  individuals.  The  only  corporations  specifically 
exempt  from  this  tax  are  as  follow^;  (1)  Corporations  exempt  from  taxation  under 
section  101  of  Title  I;  (2)  banks  and  trust  companies,  as  defined  io  section  104; 
(3)  life  insurance  companies;  and  (4)  surety  companies. 

It  is  the  nature  of  the  gross  income  and  tt>e  ownership  of  the  outstanding  stock 
which  determine  the  classification  as  a  personal  holding  company,  and  the  several 
conditions  with  respect  to  both  must  be  6.itibfied  to  bnng  s  corporation  within 
the  classification.  Gross  income  must  be  determined  for  the  entire  tartable  year 
and  the  ownership  of  the  stock  outstanding  must  be  determined  according  to  its 
ownership  at  any  time  during  the  last  half  of  the  taxable  year.  ^  Inasmuch  as 
such  circumstances  can  vary  from  year  to  ye^r,  a  corporation'msy  constitute 
a  personal  holding  companv  for  some  years  and  not  for  other  years.  In  that 
ease,  the  surtax  liability  shall  be  determined  under  section  361  only  for  the  years 
in  which  the  corporation  comes  within  the  classification  as  a  personal  holding 

The  gross  income  for  purposes  of  section  351  (b)  (1)  means  (1)  in  the  case  of 
a  domestic  corporation  its  gross  income  as  defined  in  sections  22.  204,  and  207 
of  Title  I  and  (2)  in  the  case  of  a  foreign  corporation,  whether  resident  or  non- 
resident, its  gross  income  from  sources  within  the  United  SUtes  as  defined  and 
described  in  section  1 19.  Gross  income  is  not  synonymous  with  gross  receipts. 
For  example,  in  the  case  of  a  sale  or  exchange  of  property,  it  includes  only  the 
excess  of  the  amount  realized  therefrom  over  the  adjusted  basis  provided  for  io 
section  1 13  (b).  It  does  not  include  gains  which  are  not  recognized  under  section 
112  tb).  In  the  case  of  a  corporation  reporting  on  the  installment  basis,  it 
includes  only  that  portion  of  the  gain  returnable  as  income  under  section  44. 
In  the  case  of  a  manufacturing,  merchandising,  or  mining  business,"  gross 
income"  means  the  total  sales.  less  the  cost  of  goods  sold,  plus  any  income  from 
investments  and  from  incidental  or  outside  operations  or  sources.  In  determin- 
ing gross  income,  subtractions  should  not  be  made  for  depreciation,  depletion. 


rdinarily  ueed  io  computing  the 
defined  in  section  117  must  be  treated 

^^^ _nd  only  those  sales  which  individually  resulted  in 

profits  shall  be  considered  in  deterjnining  the  gains  derived  from  such  source. 
"         •  ■■  -  '    -    - — '■■■ '--'-  •-  •— -'"   -*-    — :  determined  for 


xpenses,  or  losses,  or  for 
of  goods  sold.     Sales  of  capital 
leparate  tram 


3.  NATURE  OF  GROSS  INCOME 


From  the  standpoint  of  the  i 


..v^  .„^ , , of  thfe  gross  income,  a  corporation  comes 

rithjn  the  definition  of  a  persona!  holding  company  for  any  taxable  year  when 
80  percent  or  more  of  Its  gross  income  for  such  taxable  year  was  derived  from 
the  following  sources: 

(a)  ffoya//i«.— The  term  "royalties"  includes  amounts  received  for  the  use 
of  or  for  the  privilege  of  using  patents,  copyrights,  secret  processes  and  formulas, 
good  will,  trade  marks,  trade  brands,  franchises,  and  other  like  property.  It 
does  not  include  rents,  nor  overriding  royalties  received  by  an  operating  com- 
pany. As  used  in  this  paragraph  the  term  "overriding  royallies"  means  amounts 
receivtti  from  a  sublessee  by  the  operating  company  which  originally  leased  and 
developed  the  natural  resource  property  in  respect  of  which  such  overriding 
royalties  are  paid. 

(6)  DividmdB  —The  term  "dividends"  means  dividends  as  defined  in  section 
115  (a)  It  does  not  include  stock  dividends  (to  the  extent  they  do  not  consti- 
tute income  to  the  ahareholdera  within  the  meaning  of  the  sixteenth  amendment 
to  the  Constitution).  liquidaUng  dividends,  or  other  capiUl  distributions 
referred  to  In  section  115  (c)  and  (d), 

(e)  /nterwr— The  term  'nnterwrt"  means  any  amounts,  includible  in  gross 
Ifioome  under  TiUe  I,  received  for  the  use  of  loaned  money. 


(d)  Annuities. — The  term  "annuities"  refers  only  to  annuities  to  the  extent 
includible  io  the  computation  of  gross  income  under  Title  1. 

(c)  Gains  from  the  sale  of  stock  or  securities. — The  term  "gains  from  the  sale 
of  stock  or  securities"  applies  to  all  gains  (including  gains  from  liquidating 


other  organisation  classified  as  a  corporation  by  the  Act),  certificates  of  interest 
or  participation  in  any  profit  sharing  agreement  or  in  any  oil,  gas,  or  other  min- 
eri^l  royalty  or  lease,  collateral  trust  certificates,  voting  trust  certificates,  stock 
rights  or  warrants,  bond-*?,  debentures,  certificates  of  indebtedness,  notes,  car 
trust  certificates,  bills  of  exchange,  obligations  issued  by  or  on  behalf  of  ft 
Government,  State,  Territory,  or  a  political  subdivision  thereof,  etc. 

In  the  caee  of  "regular  dealers  in  stock  or  securities"  the  term  does  not  include 
gains  derived  from  the  sole  or  exchange  of  stock  or  securities  made  in  the 
normal  course  of  business.  The  terra  "regular  dealere  in  stock  or  securities" 
means  corporations  with  an  esfabliahcd  place  of  business  regularlv  engaged  in 
the  purchase  of  stock  or  securities  and  their  resale  to  customers.  Such  corpora- 
tions are  not  dealers  with  respect  to  stock  or  securities  held  for  speculation  or 
investment. 

4.  STOCK  OWNERSHIP 

From  the  standpoint  of  the  ownership  of  the  outstanding  stock,  a  corporation 
comes  within  the  definition  of  a  personal  holding  company  for  any  taxable 
year  if  at  any  time  during  the  last  half  of  the  taxable  year  more  than  50  percent 
in  value  of  the  stock  outstanding  was  owned,  directly  or  indirectly,  by  or  for 
not  more  than  five  individuals.  The  ownership  of  the  stock  shall  be  determined 
in  accordance  with  the  following  rules: 

(a)  All  forms  and  classes  of  stock,  however  denominated,  which  represent 
the  interests  of  the  shareholders,  members,  or  beneficiaries  in  the  corporation 
ehaJJ  be  taken  int.o  ronsideration.  For  the  purpose  of  determining  such  ownei^ 
ship,  the  Act  provides  that  stock  owned,  directly  or  indirectly,  by  a  corporation, 

Eartnership.  estate  or  trust  shall  be  considered  as  being  owned  proportionately 
y  its  shareholders,  partners,  or  beneficiaries. 

(b)  The  stock  outstanding  onlv  during  the  last  half  of  the  taxable  year  shall 
be  taken  into  cocsideration.  lio«-ever,  and  in  the  event  of  any  change  io 
the  stock  outstanding  during  such  period,  whether  in  the  number  of  ohares  or 
classes  of  stock  or  v.hether  in  the  ownerehip  thereof,  the  conditions  existing 
immediately  prior  and  subsequent  to  each  change  must  be  taken  into  consider- 
ation, since  a  corporation  comes  within  the  classification  if  the  statutory  condi- 
tions with  respect  to  stock  ownership  are  present  at  any  time  during  the  period 
specified. 

(c)  The  stock' owned  by  an  individual  shall  include  all  stock  in  the  same 
corporation  owned,  directly  or  indirectly,  bv  the  members  of  his  family.  For 
this  purpose  the  family  of  an  individual  snail  include  only  his  brothers  and 
sisters  (whether  by  the  whole  or  half  blood),  spouse,  ancestors,  and  lineal  de- 
scendants. The  Act  further  provides  that  this  rule  shall  be  applied  in  such 
manner  as  to  produce  the  minimum  possible  number  of  individuals  owning,  di- 
rectly or  indirectly,  more  than  50  percent  in  value  of  the  outstanding  stock. 

For  example,  the  M  corporation  at  some  time  during  the  last  half  of  the  taxable 
year  tiad  1,800  shares  of  outstanding  stock.  450  of  which  were  held  by  v-- 


Relationbeik 

B^.„ 

s..«„ 

8.,.„ 

B=..„ 

s...» 

«I 

fes : 

BP            io 
B3B3       M 

CWBW 

: 

h  i 

E                » 

^T^Si  ^»}f  ™^''-"' - 

llw"        " 

DLs  w>fv's  brotbei's  wire 

EWBW    110 

In  the  above  example  by  applying  the  statutory  rule,  five  individuaU  owned 
more  than  50  percent  of  the  outstanding  fltock  aa  follows: 

A  (including  AF.  AW,  AB,  AS,  ASHS) _ 160 

B  (including  BF.  BW,  BB.  BS,  B3HS) 160 

CW  (including  C,  CS,  CWF,  CWB) 220 

DB  (including  D,  DF,  DBW1 _ - 200 

EWB  (including  EW,  EWF,  EWBW) _._ 170 

TOTAI,  OB  MOM  THAN  50  PEBCINT »J0 

It  will  be  not«d  that  individual  A  represcnta  the  obvious  caae  where  the  bead 
of  the  family  owns  the  bulk  of  the  family  stock  and  naturally  ia  the  head  at 


220 


STATISTICS    OF   INCOME 


aod  D  rcprescDt  cases  where  the  individuals  fall  in  groups  headed  ._   _ 

by  hia  wife  and  in  D's  case  by  his  brother  because  of  the  preponderance  of 
holdings  on  the  part  of  relatives  by  marriage.  Individual  E  represents  the  case 
where  the  preponderant  holdings  of  others  eliminate  that  individual  from  the 
group. 

(rf)  In  determining  whether  the  etatutory  conditions  with  respect  to  stock 
ownership  arc  present  at  any  time  during  the  period  specified,  the  phrase  "in 
value"  shall,  in  the  light  of  all  the  circumstances,  be  deemed  the  value  of  the 
corporate  stock  outstandmg  at  such  time  (not  including  treasury  stock).  This 
value  may  be  determined  upon  the  bat;iB  of  the  company's  net  worth,  earning 
and  dividend  paying  capacity,  appreciation  of  assets,  and  any  other  factor 
having  a  bearing  upon  the  value  of  the  stock.  If  a  value  of  stock  is  used 
which  ia  greatly  at  variance  with  that  reflected  by  the  corporate  books,  the 
evidence  upon  which  such  valuation  is  based  should  be  filed  with  the  return- 
In  any  case  where  there  are  two  or  more  classes  of  stock  outstanding,  the  total 
value  of  all  the  stock  should  be  allocated  among  the  different  classes  according 
to  the  relative  value  of  each  class  therein. 

6.  COMPUTATION  OF  UNDISTRIBUTED  ADJUSTED  NET  INCOME 

In  ascertaining  the  tax  basis  for  personal  holding  companies,  the  "adjusted 
net  income"  is  first  computed.  This  is  accomplibhed  iu  the  case  of  a  domestic 
corporation  by  subtracting  from  the  corporate  net  income,  as  defined  in  Title  I, 
the  amount  of  (a)  Federal  income,  war-profits,  and  excess-profits  taxes  paid  or 
accrued  during  the  taxable  year  to  the  extent  not  allowea  as  a  deduction  by 
section  23,  but  not  including  the  tax  imposed  by  section  351  or  corresponding 
sections  of  prior  Revenue  Acts;  {b)  contributions  or  gifts  not  otherwise  allowed 
as  a  deduction  to  or  for  the  use  of  donees  described  in  section  23  (o)  for  the  pur- 
poses therein  specified,  including,  in  the  case  of  a  corporation  organized  prior 
to  January  1,  1936,  to  take  over  the  assets  and  liabilities  of  the  estate  of  a 
decedent,  amounts  paid  in  liquidation  of  any  liability  of  the  corporation  based 
on  the  liability  of  the  decedent  to  make  any  such  contribution  or  gift,  to  the 
extent  such  liabdity  of  the  decedent  existed  prior  to  January  1,  1934;  and  (r) 
losses  from  sales  or  exchanges  of  capital  assets  which  are  disallowed  as  a  deduc- 
tion by  section  117  (d).  In  the  case  of  a  foreign  corporation,  whether  resident 
or  nonresident,  which  files  or  causes  a  return  to  be  filed,  the  "adjusted  net 
income"  means  the  net  income  from  sources  within  the  United  States  (gross 
defined  and  de  -  ■  ■ 
t  of  the  deduci 

in  (a),  (6),  and  (c),  above.  In  the  case  of  a  foreign  corporation,  whether  resi- 
dent or  nonresident,  which  files  no  return  the  "adjusted  net  income"  means 
the  gross  income  from  sources  within  the  United  States  as  defined  and  described 
in  section  119  less  the  deductions  enumerated  in  (o),  (b),  and  (c)  above  but 
without  the  benefit  of  any  deduotione  under  Title  I.     (See  section  233.) 

The  "adjusted  net  income"  includes  interest  upon  obligations  of  the  United 
States  and  obligations  of  a  corporation  organized  under  Act  of  Congress,  if 
such  corporation  is  an  instrumentality  of  the  United  States,  except  as  provided 
in  section  22(b)(4).  The  "adjusted  net  income"  docs  not  include  interest  on 
obligations  of  States  or  Territoriea  of  the  United  States  or  any  poUtical  sub- 
division thereof  or  of  the  District  of  Columbia  or  of  the  possessions  of  the 
United  States. 

The  "undistributed  adjusted  net  income"  is  computed  by  subtracting  from 
the  "adjusted  net  income  '  described  above,  (a)  an  amount  equal  to  20  percent 
of  the  excess  of  the  adjusted  net  income  over  the  amount  of  dividends  received 
from  personal  holding  companies  which  are  allowable  as  a  credit  for  the  pur- 
pose of  the  tax  imposed  by  section  13  or  204,  (b)  reasonable  amounts  used  or 
set  aside  to  retire  indebtedness  incurred  by  the  taxpoyer  prior  to  January  1, 
1934  (see  Instruction  6) .  and  (c)  the  amount  of  the  dividends  paid  credit  sUowed 
under  section  27,  computed  without  the  benefit  of  subsection  (b)  thereof. 

The  foreign  tax  credit  permitted  by  section  131  with  respect  to  the  taxea 
imposed  by  Title  I  is  not  allowed  with  respect  to  the  surtax  imposed  by  section 
351.  However,  the  deduction  of  foreign  taxea  under  section  23(c)  is  permitted 
for  the  purposes  of  the  surtax  even  if  for  the  purposes  of  the  corporate  tax 
imposed  by  Title  1  a  credit  for  such  taxes  is  taken. 


If,  pursuant  to  a  bona  fide  plan  for  the  retirement  of  its  bonds,  debentures, 
or  similar  obligations  representing  indebtedness  incurred  prior  to  January  1, 
1934,  for  the  purpose  of  raising  capital  (or  asjsumed  prior  to  that  date  in  con- 
nection with  the  acquisition  of  capital  assets  by  which  such  indebtedness  is 
secured)  the  taxpayer — 

(1)  retires  during  the  taxable  year  an  amount  of  such  indebtedness,  or 

(2)  establishes  a  sinking  fund  or  reserve  for  the  retirement  of  such  indebted- 

ness during  the  taxable  year,  and  sets  aside  in  such  fund  or  reserve 
an  amount  for  the  retirement  of  such  indebtedness — 
in  determining  the  undistributed  adjusted  net  income  for  the  taxable  year,  a 
deduction  from  the  adjusted  net  income  is  allowable  in  a 'reasonable  amount 
in  respect  of  the  amount  so  paid  or  set  aside  in  such  fund  or  reserve  during  the 
taxable  vear. 

c  piuft  be  reasonable,  consider- 
int,  maturity,  ond  other  terms 
of  the  indebtedness.     No  deduction  is  allowable  unless  it  appears,  either  from 


ntin 


tof  c 


ngB  for  the  taxable  year  before  distribution  of 


ioent  must  oe  made  c 

such  earnings  may  be  made.  The  reasonableness  of  the  deduction  shall  be 
determined  by  existing  conditions  known  at  the  close  of  the  taxable  year. 
The  fact  that  amounts  have  not  been  used  or  set  aside  in  prior  years  will  not. 
entitle  the  taxpayer  to  deduct  in  any  toxable  year  a  greater  amount  than  would 
otherwise  be  allowable.  Amounts  paid  or  set  aside  to  discharge  current  liabilities 
for  expenses,  salaries,  wages,  taxes,  interest,  the  purchase  of  any  property  for 
resale,  dividends,  balaacea  due  brokers,  bank  or  other  commercial  loans,  or  any 


other  current  liability  (whether  represented  by  negotiable  instruments,  balaooed 
on  account,  or  otherwise)  do  not  constitute  allowable  deductions.  This  is  true 
as  respects  liabiUties  wMch  are  payable  at  the  convenience  of  either  the  debtor 
or  the  creditor,  or  on  the  demand  of  either. 

No  deduction  will  be  permitted  with  respect  to  any  item  for  which  a  deductioo 
is  otherwise  allowable  under  Title  IA  or  Title  I  of  the  Revenue  Act  of  1936  or 
under  any  applicable  prior  income  tax  act. 

A  resolution,  specifying  the  particular  indebtedness  to  be  retired,  the  plan  of 
retirement,  and  the  specific  assets  to  be  used  for  that  purpose,  passed  by  the 
board  of  directors  or  corresponding  authority  during  the  taxable  period  or  prior 
thereto,  will  be  considered  sufficient  to  meet  the  statutory  requirement  that  the 
amounts  must  be  "set  aside."  A  CERTIFIED  COPY  OF  SUCH  RESOLU- 
TION MUST  ACCOMPANY  THIS  RETURN. 

The  burden  of  proof  will  rest  upon  the  taxpayer  to  sustain  the  deductioo 
claimed.  Therefore,  the  taxpayer  must  furnish  the  information  required  by 
Schedule  E  of  this  return  and  such  other  information  as  the  Commissioner  may 
require  in  substantiation  of  the  deduction  claimed. 

7.  SIGNATURES  AND  VERIFICATION 


8.  TIME  AND  PLACE  FOR  FILING 

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  rn  which  is  located  the  corporation's  principal  place  of  business 
or  principal  office  or  agency.  In  the  case  of  a  foreign  corporation  the  return 
shall  be  filed  on  or  before  the  fifteenth  day  of  the  sixth  month  following  the  close 
of  the  taxable  year.  The  return  of  a  foreign  corporation  not  having  any  office 
or  place  of  business  in  the  United  States  shall  be  filed  with  the  CoUector  of 
Internal  Revenue,  Baltimore,  Maryland. 

The  collector  of  internal  revenue  may  grant  a  reasonable  extension  of  time 


9.  PAYMENT  OF  TAX 

Checks  or  money  orders  in  payment  of  the  tax  should  be  drawn  to  the  order 
of  "Collector  of  Interiial  Revenue  at  (insert  name  of  city  and  State)."  Do  not 
send  cash  by  moil,  nor  pay  it  in  person  except  at  the  collector's  office. 

The  total  amount  of  tax  may  be  paid  when  the  return  is  filed  or  in  four  equal 
installments  as  follows:  The  first  installment  shall  be  paid  on  or  before  the  date 
prescribed  for  filing  the  return,  the  second  installment  shall  be  paid  on  or  before 
the  fifteenth  day  of  the  third  month,  the  third  installment  on  or  before  the 
fifteenth  day  of  the  sixth  month,  and  the  fourth  installment  on  or  before  the 
fifteenth  day  of  the  ninth  month,  after  the  date  prescribed  for  paying  the  first 
installment. 

If  any  installment  is  not  paid  on  the  date  fixed  for  its  payment,  the  whole 
amount  of  the  tax  unpaid  shall  be  paid  upon  notice  and  demand  by  the  collector. 

10.  PENALTIES 

For  willful  failure  to  make  and  file  return  < 
or  imprisonment  for  not  more  than  one  year, 
percent  of  the  amount  of  the  tax. 

For  willfully 

an  $10,000  oi 
with  the  costs  of  pr< 

For  deficiency  due  to  negligence  or  fraud. — Five  percent  of  the  amount  of  the 
deficiency  if  due  to  negligence  or  intentional  disregard  of  rules  and  regulations 
without  intent  to  defraud,  or  50  percent  of  the  amount  of  the  deficiency  if  due 

11.  PAYMENT  OF  SURTAX  ON  PRO  RATA  SHARES 

The  surtax  imposed  by  section  351  does  not  apply  to  any  taxable  year  if  (1) 
all  the  shareholders  of  the  corporation,  that  i.*;,  every  shareholder  of  record  as 
of  the  last  day  of  the  taxable  year,  include  at  the  tune  of  filing  their  returns,  in 
their  gross  income  their  entire  pro  rata  shares,  wliciticr  distributed  or  not,  nf 
the  adjusted  net  income  of  the  corporation  for  tli'*  i  i    ^i  !■  r         urh  corpora- 

tion ending  with  or  during  their  taxable  years  (..i  •  i    .  i.r  such  pur- 

pose may  not  be  used)  ana  (2)  90  percent  or  nior-  i  '  ■  r ;  ■.  i  .[i'k  adjusted 
net  income  is  included  in  the  gross  income  of  slur'  [^    i   ni.m  corpora- 

tions— i.  e.,  taxpayers  subject  to  normal  tax  and  ^iiit.i\  mu  ii.li'.  iJuals.  If  all 
the  shareholders  elect  to  adopt  this  alternative  mctiiud,  the  pro  rata  shares  of 
the  corporation's  adjusted  net  irtcome  so  included  in  the  gross  income  of  a 
shareholder  shall  be  treated  as  a  dividend  received,  and  any  subsequent  dis- 
tribution made  by  the  corporation  out  of  the  earnings  or  profits  for  such  taxable 
year  shall,  if  distributed  to  any  shareholder  who  has  so  included  in  his  gross 
income  his  distributive  share,  be  exempt  from  tax  in  the  amount  of  the  share  so 
included. 

The  tax  imposed  by  section  351  is  in  addition  to,  and  is  separate  and  distinct 
from,  the  normal  tax  imposed  by  section  13  and  the  surtax  imposed  by  section 
14,  both  of  which  apply  notwithstanding  the  election  of  all  the  shareholders. 


12.  DUPLICATE  RETURN 

The  copy  of  the  return  required  to  be  filed  on  the  duplicate  form  (ercen  paper) 
shall  be  a,  complete  duplicate  of  the  return  except  that  it  need  not  be  signed  or 
sworn  to.  For  failure  to  file  the  duplicate  return  on  time  there  will  be  assessed 
$10,  which  will  be  payable  upon  notice  by  the  collectot 


INDEX 


A 
Accounts  and  notes  payable:  Page 

Consolidated  returns  of  railroads ^.^^ 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 99_119 

Returns  with  net  income  and  with  no  net  income 26 

Total  assets  classes _  _  _       92-97 

Years,  1926  through  1936 51-52 

Accounts  and  notes  receivable: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 90-119 

Returns  with  net  income  and  with  no  net  income 25 

Total  assets  classes 92-97 

Years,  1926  through  1936 51-52 

Aerial  transportation 66 

Affiliated  corporation  returns.     (See  Consolidated  returns,  railroads.) 
Agriculture  and  related  industries: 

Assets  and  liabilities,  classified 82 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 70,  74,  78,  82 

Frequency  distribution  by  certain  basic  classifications 139,  150,  167 

Industrial  subgroups 62 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 99 

Years,  1927  through  1936 120 

Airplanes,  seaplanes,  etc.,  manufacture  of 65 

Amended  returns,  text 4 

Amusements — Tlieaters,  motion-picture   producers,   motion-picture  thea- 
ters, circuses,  race  tracks,  etc 67 

Anthracite  coal,  mining 62 

Assets : 

Capital.     (See  Capital  assets.) 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 99-1 19 

Returns  with  net  income  and  with  no  net  income 25 

Text 25,27,30 

Total  assets  classes 31,  92-97,  99-119 

Years,  1926  through  1936 51-52 

Automobiles,  manufacture  of  (see  also  Motor  vehicles,  complete  or  parts).         65 
Autobus  lines,  taxicabs,  etc 66 

Bad  debts:  ^ 

Consolidated  returns  of  railroads 33 

Indubirial  groups 70-81,  82-91 

Submitting  and  not  submitting  balance  sheets 24 

Text 23 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Bakery  and  confectionery  products,  manufacture  of 62 

Banking  and  related  industries 68 

Beer,  manufacture  of  (see  also  Liquors) 63 

Beverages,  soft  drinks,  manufacture  of;  distilling,  etc 63 

Bituminous  coal,  lignite,  peat,  mining  of 62 

Blast  furnaces,  steel  mills,  rolling  mills,  products  of,  etc.,  manufacture  of_.  65 
Bonded  debt  and  mortgages: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 99-119 

Returns  with  net  income  and  with  no  net  income 26 

114338—39 15  221 


222  INDEX 

Bonded  debt  and  mortgages — Continued.  Page 

Total  assets  classes _  92-97 

Years,  1926  through  1936 51-52 

Bone,  celluloid,  ivory,  etc.,  manufacture  of 64 

Boots,  shoes,  slippers,  etc.,  manufacture  of: 

Leather 63 

Rubber 64 

Brokers,  stock  and  bond,  etc 68 

Building  and  construction  above  ground  and  under  ground 65 

Building  materials  and  supplies  (metal),  manufacture  of 65 

Business  service — Detective  bureaus,  trade  shows,  etc 67 

Bus  lines  (see  also  Autobus  lines) 66 

C 

Canned  products — Fish,  fruit,  vegetables,  etc.,  manufacture  of 62 

Capital  assets — Land,  buildings,  and  equipment: 

Consolidated  returns  of  railroads 34 

Gross  capital  assets,  by  industrial  groups 28-29 

Industrial  groups 82-90 

Lidustrial  groups  and  total  assets  classes 99-119 

Net  capital  assets  by  industrial  groups 28-29 

Reserves  for  depreciation  and  depletion  (except  on  land),  by  industrial 

groups 28-29 

Returns  with  net  income  and  with  no  net  income 25 

Text 25-27 

Total  assets  classes 92-97 

Years,  1926  through  1936 51-52 

Capital  net  gain.      (*See  Net  capital  gain.) 
Capital  net  loss.     {See  Net  capital  loss.) 
Capital  stock: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 99-1 19 

Returns  with  net  income  and  with  no  net  income 25 

Total  assets  classes 92-97 

Years,  1926  through  1936 51-52 

Carpets,  floor  coverings,  etc.,  manufacture  of 63 

Cartage  and  storage 66 

Cash: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 99-1 1 9 

Returns  with  net  income  and  with  no  net  income 25 

Total  assets  classes 92-97 

Years,  1926  through  1936 51-52 

Cash  dividends  paid: 

Consolidated  returns  of  railroads 33 

Increase,  1936  over  1935 21 

Industrial  groups 70-81,  82-91 

Industrial  groups  and  total  assets  classes 99-119 

Net  income  classes 19-20 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-97 

Years,  1922  through  1936 21 

Chemicals  and  allied  products,  manufacture  of: 

Assets  and  liabilities  classified 87 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 72,  76,  80,  87 

Frequency  distribution  by  certain  basic  classifications 144, 

158-159,  175-176,  186 

Industrial  subgroups 64 

Reserves  for  depreciation  and  depiction 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes 109-110 

Years,  1926  through  1936 122 

Chemicals  and  allied  substances — Drugs,  oils,  soaps,  etc.,  manufacture  of..  64 

Chemicals  proper,  acids,  compounds,  etc.,  manufacture  of 64 

Clay  products,  manufacture  of  (see  also  Stone,  clay,  and  glass  products)  __         64 


INDEX  223 

Clothing  and  apparel,  manufacture  of:  Pagt 

Assets  and  liabilities,  classified 85 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  deductions 71,  75,  79,  85 

Frequency    distribution    by    certain    basic    classifica- 
tions    141,  154-155,  171-172 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income  __ 8-10  64 

Text 8 

Total  assets  classes _  105 

Year  1936 .' 121 

Coal  mining  (anthracite  and  bituminous) 62 

Commission  trade 67 

Common  stock: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 99-119 

Returns  with  net  income  and  with  no  net  income 26 

Total  assets  classes 92-97 

Years,  1926  through  1936 51-52 

Common  carrier  by  railroad,  defined 32 

Comparability  with  previous  reports,  text 6 

Compensation  of  officers: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Submitting  and  not  submitting  balance  sheets 24 

Text 23 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Compiled  deductions.     (-See  Deductions.) 

Text 22-23 

Compiled  net  profit  (or  net  loss) : 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Industrial  groups  and  total  assets  classes 99-119 

Submitting  and  not  submitting  balance  sheets 24 

Text 23 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Compiled  receipts.     (See  Receipts.) 

Text 22-23 

Consolidated  returns  of  railroads: 

Assets  and  liabilities,  classified 34 

Common  carriers  by  railroad,  defined 32 

Dividends  paid 33 

Limitation  of  privilege  of  filing 32 

Rate  of  tax 32 

Receipts  and  deductions 33 

Returns  with  net  income  and  with  no  net  income 33-34 

Tax,  amount 33 

Text 2,32-33 

'Construction: 

Assets  and  liabilities  classified 89 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified "73,  77,  81,  89 

Frequency  distribution  by  certain  basic  classifications.   147,  162-163,  179-180 

Industrial  subgroups 65 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 114-115 

Years,  1927  through  1936 123 

Construction,  underground  and  on  surface 65 

'Contributions  or  gifts,  deduction  for: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 


224  INDEX 

Contributions  or  gifts,  deduction  for — Continued.  Page 

Submitting  and  not  submitting  balance  sheets 24 

Text 23 

Total  assets  classes 92-98 

Years,  1926  through  1936,  all  returns 50 

Years,  1926  through  1936,  with  balance  sheets 53 

Cost  of  goods  sold: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Submitting  and  not  submitting  balance  sheets 24 

Text 23 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Cost  of  operations: 

Consolidated  returns  for  railroads 33 

Industrial  groups 70-81,  82-90 

Submitting  and  not  submitting  balance  sheets 24 

Text 23 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  Ihrough  1936,  with  balance  sheets 52-53 

Cotton  goods — Dress  goods,  plain  cloth,  etc.,  manufacture  of 63 

Credits: 

Dividends  paid 14-18 

Income  and  profit  tax  paid  foreign  countries 4 

D 

Debt,  bonded.     {See  Bonded  debt  and  mortgages.) 

Debts,  bad.     {See  Bad  debts.) 

Deductions; 

ConsoUdated  returns  of  railroads 33 

Contributions  or  gifts 24 

Industrial  groups 8-10 

Eeturns  with  net  income  and  with  no  net  income 8-10 

States 60-61 

Submitting  and  not  submitting  balance  sheets 24 

Special  deductions  allowed  life  insurance  companies 7 

Text 3-4,23 

Total  assets  classes 92-97 

Years,  1926  through  1936,   all  returns 49-50 

Years,  1926  through  1936,  with  balance  sheets 52-53 

Deficit: 

Consolidated  returns  of  railroads 33 

Deficit  classes 12,  20' 

Deficit  classes,  by  years 48 

Fiscal  and  part-year  returns 34-38 

Industrial  groups 8-10,  70-81,  82-90 

Industrial  subgroups 62-69 

Industrial  groups  by  total  assets  classes 99-119 

Industrial  groups  by  years,  1927  through  1936 120-124 

States 61 

States,  by  years,  1927  through  1936 125-135 

Text 6-7 

Total  assets  classes 31,  92-98,  99-119 

Years,  1916  through  1936 47 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 62-53 

Years,  1933  through  1936,  deficit  classes 48 

Depletion : 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Reserves  for___ 28-29- 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 


INDEX  225 

Depreciation:  Page 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Reserves  for 28-29 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Dividends  paid: 

Cash  and  stock,  by  years,  1922-1936 21 

Consolidated  returns  of  railroads 33 

Credit  for 14-18 

Industrial  groups 70-81,  82-90 

Industrial  groups  and  total  assets  classes 99-119 

Net  income  classes 19-20 

Submitting  and  not  submitting  balance  sheets 24 

Text 18,21 

Total  assets  classes 92-97 

Dividends  received: 

Consolidated  returns  of  railroads 33 

Frequency  distribution  by  certain  basic  classifications 184-192 

Industrial  groups 70-81,  82-90 

Net  income  classes 19-20 

Submitting  and  not  submitting  balance  sheets 24 

Text 2,  18,43 

Total  assets  classes 92-97 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Domestic  service — Laundries,  restaurants,  etc 67 

Drugs,  etc.,  manufacture  of  (see  also  Allied  chemical  substances) 64 

E 

Electric  light  and  power  companies 66 

Electric  railways,  etc 66 

Electrical  machinery  and  equipment,  manufacture  of 65 

Excess-profits  tax.     {See  Income  and  excess-profits  taxes.) 

F 

Factory  machinery,  etc.,  manufacture  of 65 

Farming — Cotton,  grain,  stock,  etc 62 

Fertilizers,  manufacture  of 64 

Finance: 

Assets  and  liabilities,  classified 90 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  deductions,  classified 73,  77,  81,  90-91 

Frequency  distribution  by  certain  basic  classifications 148,  165,  182,  192 

Industrial  subgroups 68 

Nonresident  foreign  corporations  not  included    7-8 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Special  deduction  allowed  life  insurance  companies 7 

Total  assets  classes 117-118 

Years,  1927  through  1936 124 

Fiscal  year  returns: 

Month  in  which  fiscal  year  ended: 

Returns  with  net  income  and  with  no  net  income 35 

Net  income  and  deficit  classes: 

Returns  with  net  income  and  with  no  net  income 36-37 

Tax  liability  and  collections 4-5 

Text 34-35 

Food  and  kindred  products,  manufacture  of: 

Assets  and  liabilities,  classified 83 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 70,  74,  78,  83 

Frequency  distribution  by  certain  basic  classifications 140,  152,  169 

Industrial  subgroups 62-63 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 


226  INDEX 

Food  and  kindred  products,  manufacture  of — Continued.  Page 

Total  assets  classes 101-102 

Years,  1927  through  1936 120 

Foreign  taxes — Income  and  profits  taxes  paid  foreign  countries 2,  4 

Forest  products,  manufacture  of: 

Assets  and  liabilities,  classified 85 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 71,  75,  79,  85 

Frequency  distribution  by  certain  basic  classifications.   143,  156-157,  173-174 

Industrial  subgroups 64 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes 107 

Years,  1927  through  1936 12i 

Forms : 

1120,  Corporation  income  and  excess-profits  tax  return 204-212 

1120L,  Insurance  company  income  tax  return 213-216 

1120H,  Return  of  personal  holding  company 217-220 

Frequency  distribution  of  returns  with  net  income  and  no  net  income  by 
major  industrial  groups: 

Returns  with  balance  sheets  showing  assets  of  $250,000  and  over: 

By  total  receipts  classes  cross  classified  by  total  assets  classes 139-149 

By  net  income  and  deficit  classes  cross  classified  by  total  receipts 

classes 150-166 

Returns  with  balance  sheets  by  net  income  classes  cross  classified  by 

total  assets  classes 167-183 

Returns  by  net  income  or  deficit  classes  cross  classified  by  dividends 

received  classes,  for  certain  industrial  groups 184-193 

Fur  (see  also  Textiles  not  elsewhere  classified) 63 

Furniture,  etc.,  manufacture  of 64 

G 

Gas  companies,  artificial  and  natural 66 

Geographic  distribution  of  returns,  text 6 

Glass  and  related  products,  manufacture  of.     (See  Stone,  clay,  and  glass 

products.) 
Gross  income: 

Industrial  groups 8-10 

Industrial  subgroups 62-69 

Industrial  groups,  by  years,  1927  through  1936 120-124 

States 60-61 

States,  by  years,  1927  through  1936 125-135 

Text 3 

Years,  1916  through  1936 46 

Gross  receipts  from  operations: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Industrial  groups  and  total  assets  classes 99-1 1& 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-98 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Gross  sales: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Industrial  groups  and  total  asse+s  classes 99-119 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-98 

Years,  1926  through  1936,  all  returns 49-50 

Years,  193]  through  1936,  with  balance  sheets 52-53 

H 
Hardware,  tools,  etc.,  manufacture  of 65 

Historical  summaries: 

Assets  and  liabilities,  1926  through  1936 51-52 

Compiled  receipts  and  compiled  deductions: 

1926  through  1936,  all  returns 49-50 

1931  through  1936,  with  balance  sheets 52-53 


INDEX  227 

Historical  summaries — Continued.  Pag* 

Industrial  groups,  1927  through  1936 120-124 

Net  income  and  deficit  classes,  1933  through  1936 48 

States,  1927  through  1936 125-135 

Text 46 

Years,  1909  through  1936  (gross,  net  or  deficit  and  tax) 46-47 

Holders  and  lessors: 

Agriculture  and  related  industries 62 

Mining  and  quarrying 26 

Transportation  and  related  activities 65-66 

Holding  companies.     (See  Investment  trusts,  etc.;  Personal  holding  com- 
panies; Real  estate  and  realty  holding,  etc.) 

Horticulture  {see  also  Farming) 62 

Household  machinery  and  equipment,  manufacture  of 65 

I 

Income  and  excess-profits  taxes: 

Amount 6 

Compared  with  tax  collections 4-5 

Consolidated  returns 33 

Excess-profits  tax 3,  9-10,  62-69,  70-77,  92-95,  120-125,  125-135 

Surtax  on  undistributed  profits.  9,  11-12,  18-24,  33-34,  35-37,  82-90,  90-97 

Fiscal  year  returns 35-37 

Foreign  countries,  paid  to 2,  4 

Industrial  groups 9,  70-81,  82-90 

Industrial  subgroups 62-69 

Industrial  groups  by  years,  1927  through  1936 120-124 

Net  income  classes 11 

Normal  tax 9 

Part  year  returns 38 

Rates 2-3,  12,  196-198 

States 60-61 

States,  by  years,  1927  through  1936 .. 125-135 

Submitting  and  not  submitting  balance  sheets 24 

Surtax  on  undistributed  profits..  9,  11,  12,  18-24,  33-34,  35-37,  82-90,  90-97 

Text 2-3 

Total  assets  classes 92-98 

Years,  1909  through  1936 47 

Income  and  profits  taxes  paid  foreign  countries: 

Text 2,4 

Industrial  classification,  text 5 

Industrial  groups: 

Assets  and  liabilities,  classified 82-90,  99-119 

Capital  assets,  gross  and  net 28-29 

Changes  over  prior  years 8 

Compiled  receipts  and  compiled  deductions,  classified 70-81,  82-90 

Dividends  paid,  cash  and  stock 70-81,  82-90 

Frequency  distribution  by  certain  basic  classifications 139-149, 

150-166,  167-182,  183-193 
Industrial  subgroups  (number,  gross  income,  net  income  or  deficit, 

andtax)....   _.   ... ..   62-69 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 99-119 

Years,  1927  through  1936 120-124 

Instruments,  musical,  professional,  scientific,  etc.,  manufacture  of 65 

Insurance  companies,  life,  etc 68 

Special  deductions  allowed  life  insurance  companies 7 

Interest  paid: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Tax-exempt  obligations 24 

Subject  to  excess-profits  tax 24 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-98 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 


228  INDEX 

Interest  received:  Page 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-90 

Subject  to  excess-profits  tax 19-20 

Submitting  and  not  submitting  balance  sheets 24 

Tax-exempt  obligations 24 

Total  assets  classes 92-98 

Wholly  tax-exempt 1 9-20 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Inventories: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-90 

Industrial  groups  and  total  assets  classes 99-119 

Returns  with  net  income  and  with  no  net  income 25 

Total  assets  classes 92-98 

Years,  1926  through  1936 51-52 

Investments,  tax-exempt  and  other  than  tax-exempt: 

Consolidated  returns  of  railroads i 34 

Industrial  groups 82-90 

Returns  with  net  income  and  with  no  net  income 25 

Total  assets  classes 92-98 

Years,  1926  through  1936 51-52 

Investment  trusts,  stock  syndicates,  stock  pools,  holding  companies 68 

Iron  and  steel — Products  of  blast  furnaces,  rolling  mills,  etc 65 

J 

Jewelry,  manufacture  of;  precious  metal  products  and  processes 65 

Joint  stock  land  banks 68 

K 

Knit  goods — Sweaters,  hosiery,  etc.,  manufacture  of 63 

L 

Land,  buildings  and  equipment.     (See  Capital  assets.) 

Leather  and  its  manufactures: 

Assets  and  liabilities,  classified 85 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 71,  75,  79,  85 

Frequency  distribution  by  certain  basic  classifications 142,  155,  172 

Industrial  subgroups 63 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 105-106 

Years,  1926  through  1936 121 

Leather,  finishing,  tanning,  etc.  (See  also  Other  leather  products) 63 

Lessors  and  holders.      (See  Holders  and  lessors.) 

Liabilities: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-91 

Industrial  groups  and  total  assets  classes 99-119 

Returns  with  net  income  and  with  no  net  income 26 

Text 25-27,30 

Total  assets  classes 92-98 

Years,  1926  through  1936 51-52 

Life  insurance,  mutual  or  stock  companies 68 

Special  deductions  allowed 7 

Liquors  and  beverages  (alcoholic  and  nonalcoholic),  manufacture  of: 

Assets  and  liabilities  classified 83 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 71,  75,  79,  83 

Frequency  distribution  by  certain  basic  classifications.   141,  152-153,  169-170 

Industrial  subgroups 63 

Reserves  for  depreciation  and  depletion 28-29 


INDEX  229 

Liquors  and  beverages,  etc. — Continued.  Paw 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 102-103 

Years,  1933  through  1936 120 

Loan  companies — Building  and  loan,  mortgages,  note  or  pawn   brokers, 

insurance  agents,  etc 68 

Locomotives  and  railroad  equipment,  manufacture  of 65 

M 

Machinery,  manufacture  of: 

Agricultural 65 

Building 65 

Construction 65 

Electrical 65 

Factory 65 

Household 65 

Mining  {see  also  Miscellaneous  machinery) 65 

Manufacturing: 

Assets  and  liabilities,  classified 83 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 70,  74,  78,  83 

Frequency  distribution  by  certain  basic  classifications 140-146, 

151,  168-179,  185 

Industrial  subgroups 62-65 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 101 

Years,  1927  through  1936 120 

Manufacturing  not  elsewhere  classified: 

Assets  and  liabilities  classified 88 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 73,  77,  81,  88 

Frequency  distribution  by  certain  basic  classifications 146,  162,  179,  189 

Industrial  subgroups 65 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes ^ 113-114 

Years,  1927  through  1936 123 

Metal  building  material  and  supplies,  etc.,  manufacture  of 65 

Metal  mining — Iron,  copper,  lead,  zinc,  gold,  silver,  etc 62 

Metal  and  its  products,  manufacture  of: 

Assets  and  liabilities  classified 87 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 72,  76,  80,  87 

Frequency  distribution  by  certain  basic  classifications 145, 

160-161,  177-178,  188 

Industrial  subgroups 64-65 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes 112 

Years,  1927  through  1936 122 

Mill  products — Bran,  flour,  etc.,  manufacture  of 62 

Mining  and  quarrying: 

Assets  and  liabilities  classified 83 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 70,  74,  78,  83 

Frequency  distribution  by  certain  basic  classifications 139, 

150-151,  167-168,  184 

Industrial  subgroups 62 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 100 

Years,  1927  through  1936 120 

Mortgages.     {See  Bonded  debt  and  mortgages.) 

Motion-picture  producers 67 

Motion-picture  theaters 67 


230  INDEX 

Motor  vehicles,  complete  or  parts,  manufacture  of:  Pasrt 

Assets  and  liabilities,  classified 88 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  deductions 73,  77,  81,  88 

Frequency  distribution  by  certain  basic  classifications 146,  161,  178 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10,  65 

Text 8 

Total  assets  classes 113 

Year  1936 123 

Musical,  professional,  and  scientific  instruments,  etc.,  manufacture  of 65 

N 
National  banks 68 

National  Industrial  Recovery  Act,  reference  to 25,  196 

Nature  of  business  not  given: 

Assets  and  liabilities  classified 90 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 73,  77,  81,  90 

Frequency  distribution  by  certain  basic  classifications 149,  166,  183 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes 118-119 

Years,  1927  through  1936 124 

Net  capital  gain: 

Consolidated  returns 33 

Industrial  groups 70-81,  82-90 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-99 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 62-53 

Net  capital  loss: 

Consolidated  returns 33 

Industrial  groups 24 

Submitting  and  not  submitting  balance  sheets 70-81,  82-90 

Total  assets  classes 92-99 

Years,  1926  through  1936,  all  returns... 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Net  income: 

Adjusted,  defined 13 

Amount  and  percent,  1935  and  1936 6-7 

Consolidated  returns  of  railroads 33 

Defined 3-4 

Fiscal  year  returns 35-37 

Industrial  groups 8-10,  70-91 

Industrial  subgroups 62-69 

Industrial  groups  and  total  assets  classes 99-119 

Industrial  groups,  by  years,  1927  through  1936 120-124 

Net  income  classes 11 

Net  income  classes,  by  years 48 

Normal  tax  net  income T 

Part  year  returns 38 

States 60-61 

States,  by  years,  1927  through  1936 125-135 

Submitting  and  not  submitting  balance  sheets 24 

Text 3-4 

Total  assets  classes 31,  92-95,  99-119 

Undistributed,  defined 13 

Years,  1909  through  1936 47 

Years,  1 926  through  1 936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Years,  1933  through  1936,  net  income  classes 48 

Nonresident  foreign  corporations 8 

Normal  tax  (see  also  Income  and  excess  profits  tax) 7,  60 

Notes  and  accounts  payable.     (See  Accounts  and  notes  payable.) 
Notes  and  accounts  receivable.     (See  Accounts  and  notes  receivable.) 


INDEX  231 

Number  of  returns :  Page- 
Aggregate,  with  net  income,  and  with  no  net  income 6-7 

Balance  sheets,  with 26,  82-91,  92-98,  99-119 

Comparison,  1935  and  1936 6-7 

Consolidated  returns  of  railroads 32-33,  34 

Fiscal  year  returns:  Returns  with  net  income  and  with  no  net  income: 

Month  in  which  fiscal  year  ended 35 

Net  income  and  deficit  classes 36-37 

Industrial  groups 8-10,  70-81 

Industrial  subgroups 62-69 

Industrial  groups,  by  years,  1927  through  1936 120-124 

Net  income  and  deficit  classes 11,  14,  19 

Part  year  returns 38 

Returns  with  net  income  and  no  net  income 8-10 

Returns  subject  to  surtax  on  undistributed  profits 14-20 

States 60-61 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 31,  99-119 

Years,  1 932  through  1 939,  by  net  income  and  deficit  classes 48 

Years,  1909  through  1936 46 

Years,  1926  through  1936,  assets  and  liabilities 51-52 

Years,  1926  through  1936,  receipts  and  deductions,  all  returns 49-50 

Years,  1931  through  1936,  receipts  and  deductions,  with  balance  sheets.  82-98 
Years,  1927  through  1936,  by  States 125-135 

O 

Obligations  of   the   United  States   and   its  instrumentalities.     (See  Tax- 
exempt  investments.) 

Office  equipment,  etc.,  manufacture  of 65 

Oil  and  gas  production 62 

Oil  refining.     (See  Petroleum  and  other  mineral  oil  products.) 

Other  assets  and  liabilities  (see  also  Assets  and  liabilities) 51-52,  82-99 

Text 27 

Other  deductions.     (See  Deductions.) 
Other  receipts.     (See  Compiled  receipts.) 


Packing-house  products — Fresh  meats,  hams,  etc.,  manufacture  of 62 

Paints,  pigments,  varnishes,  etc.,  manufacture  of 64 

Paper,  pulp,  and  products,  manufacture  of: 

Assets  and  liabilities  classified 86 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 71,  75,  79,  86 

Frequency  distribution  by  certain  basic  classifications 143,  157,  174 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10,  64 

Total  assets  classes 108 

Years,  1927  through  1936 122 

Part  year  returns 38 

text 37 

Personal  holding  company  returns: 

Adjusted  net  income 54-55 

Contributions  or  gifts 56 

Credits 56 

Debt  retirement 56 

Deductions 56 

Dividends  paid 56-57 

Dividends  received 66 

Foreign  tax  paid 56 

Form  1120H 55-56,  217-220 

Income  and  profits  tax  paid  to  United  States  and  foreign  countries 

not  deductible  on  Form  1120 55-56 

Losses  from  sale  of  capital  assets 56 

Number: 

With  net  income  and  with  no  net  income  on  Form  1120 56 

With  adjusted  net  income  by  adjusted  net  income  classes 56-57 


232  INDEX 

Personal  holding  company  returns — Continued,  Page 

Surtax 56 

Surtax  rates 198 

Text 54-57 

Undistributed  adjusted  net  income 55-66 

Petroleum  and  other  mineral  oil  products,  manufacture  of: 

Assets  and  liabilities,  classified 87 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  deductions 72,  76,  80,  87 

Frequency  distribution  by  certain  basic  classifications 145,  159,  176,  187 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10,  64 

Text 8 

Total  assets  classes 110-111 

Year  1936 122 

Tipe  line  companies 66 

Precious-metal  products  and  processes,  jewelry,  etc.,  manufacture  of 65 

Preferred  stock: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-98 

Industrial  groups  and  total  assets  classes 99-119 

Returns  with  net  income  and  with  no  net  income 26 

Total  assets  classes 92-98 

Years,  1927  through  1936 51-52 

Printing,  publishing,  and  allied  industries: 

Assets  and  liabilities  classified 86 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 72,  76,  80,  86 

Frequency  distribution  by  certain  basic  classifications 144,  158,  175 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10,  64 

Total  assets  classes 109 

Years,  1927  through  1936 122 

Professional  service — Curative,  educational,  legal,  etc 67 

Public  utilities.      (See  Transportation  and  other  public  utilities.) 

Pullman  cars  (see  also  Electric  railways) 66 

Pulp  and  products,  manufacture  of  (see  also  Paper,  pulp,  and  products) 64 

Q 

"Quarrying.      (See  Mining  and  quarrying.) 

R 

Radio  broadcasting  companies 66 

Radios,  complete  or  parts,  manufacture  of 65 

Railroads,  consolidated  returns  of  afiiliated  corporations 32-33 

Railroads,  steam 66 

Railways,  electric 66 

Hailroad  equipment,  manufacture  of  (see  also  Locomotives  and  railroad 

equipment) 65 

Rayon  goods,  inanufacture  of  (see  also  Silk  and  rayon  goods,  etc.) 63 

Real  estate  and  realty  holding  companies,  etc 68 

Receipts,  compiled: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-91 

Industrial  groups  and  total  assets  classes 99-1 19 

Submitting  and  not  submitting  balance  sheets 24 

Text 22-23 

Total  assets  classes 92-99 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Hent  paid  on  business  property: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-91 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-99 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 


INDEX  233 

Reserves  for  depreciation  and  depletion:  Page 

Major  industrial  groups _    _      __  _    _  28-29 

Text "I"I"":         27 

Restaurants,  hotels,  etc 67 

Retail  trade 67 

Returns  tabulated: 

Revenue  Acts  under  which  filed _  2-3  195-200 

Text '__  1 

Revenue  Acts  of  1909  through  1936,  income  and  excess-profits  tax  rates, 

credits  and  exemptions 195-200 

Rubber  products,  manufacture  of: 

Assets  and  liabilities  classified 85 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 71,  75,  79,  85 

Frequency  distribution  by  certain  basic  classifications 143,  156,  173 

Industrial  subgroups 64 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 106-107 

Years,  1927  through  1936 121 

S 
Sales,  gross.     {See  Gross  sales.) 

Sawmill  and  planing  mill  products,  manufacture  of 64 

Securities,  wholly  and  partially  tax-exempt.     {See  Tax-exempt  investments.) 
Service — Domestic,  professional,  business,  amusements,  and  all  other: 

Assets  and  liabilities  classified 89 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 73,  77,  81,  89 

Frequency  distribution  by  certain  basic  classifications.  148,164-165,  181-182 

Industrial  subgroups 67 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes 117 

Years,  1927  through  1936 123 

Shipbuilding  and  repairing 65 

Shoes,  slippers,  etc.,  manufacture  of 63 

Silk  and  rayon  goods,  etc.,  manufacture  of 63 

Soft  drinks — Cider,  mineral  waters,  etc.,  manufacture  of 63 

State  and  private  banks 68 

States  and  Territories: 

Geographic  distribution,  text 6 

Gross  income,  deductions,  net  income,  and  tax 60-61 

Years,  1927  through  1936  (number  with  net  and  no  net,  gross  income, 

net  income,  deficit,  and  tax) 125-135 

Steam  railroads,  etc 66 

Steel  and  its  products 65 

Stock  and  bond  brokers,  investment  brokers,  investment  banks,  etc 68 

Stock  dividends  paid: 

Consolidated  returns  of  railroads 33 

Increase,  1936  over  1935 21 

Industrial  groups 70-81,  82-91 

Net  income  classes 19-20 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-99 

Years,  1922  through  1936 21 

Stone,  clay,  and  glass  products,  manufacture  of: 

Assets  and  liabilities  classified 87 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions  classified 72,  76,  80,  87 

Frequency  distribution  by  certain  basic  classifications 145,  160,  177 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes 111 

Years,  1927  through  1936 122 

Sugar — Beet,  cane,  maple,  etc.,  manufacture  of 63 


234  INDEX 

Surplus  and  undivided  profits:  Paw 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-91 

Industrial  groups  and  total  assets  classes 99-1 1 9 

Returns  with  net  income  and  with  no  net  income 26 

Total  assets  classes 92-98 

Years,  1926  through  1936 51-52 

Surtax.     (See  also  Income  and  excess-profits  tax.) 

Corporations  exempt  from 2 

On  undistributed  profits 4, 

7,  11,  12-15,  15-18,  24,  26,  33-37,  62-69,  70-77,  82-95 
Personal  holding  companies,  exempt  from 54-56 

Synopsis  of  Federal  income  and  profits  tax  rates,  credits  and  exemptions.   195-200 

T 
Tax  credit.     (See  Credit). 
Taxes.     {See  Income,  excess-profits,  normal  taxes  and  surtax.) 

Taxes,  back 5 

Taxes  paid  other  than  income  tax: 

Consolidated  returns  of  railroads 33 

Industrial  groups 70-81,  82-91 

Submitting  and  not  submitting  balance  sheets 24 

Total  assets  classes 92-119 

Years,  1926  through  1936,  all  returns 49-50 

Years,  1931  through  1936,  with  balance  sheets 52-53 

Tax-exempt  investments,  and  other  than  tax-exempt: 

Consolidated  returns  of  railroads 34 

Industrial  groups 82-91 

Returns  with  net  income  and  with  no  net  income 25 

Text 27 

Total  assets  classes 92-119 

Years,  1926  through  1936,  with  balance  sheets 51 

Tax  forms,  1120,  1120L,  and  1120H,  for  1936 204-220 

Tax  liability  and  collections 4-5 

Tax  paid  at  source,  text 4 

Telephone  and  telegraph  companies 66 

Terminal  stations,  toll  bridges,  toll  roads,  etc 66 

Textile  mill  products,  manufacture  of: 

Assets  and  liabilities,  classified 84 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 71,  75,  79,  84 

Frequency  distribution  by  certain  basic  classifications 141,  154,  171 

Industrial  subgroups 63 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 104 

Years,  1927  through  1936 121 

Theaters,  legitimate,  vaudeville,  etc 67 

Tires  and  tubes,  etc.,  manufacture  of 64 

Tobacco  products,  manufacture  of: 

Assets  and  liabilities,  classified 84 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 71,  75,  79,  84 

Frequency  distribution  by  certain  basic  classifications 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 8-10 

Total  assets  classes 103 

Years,  1927  through  1936 121 

Trade: 

Assets  and  liabilities  classified 89 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 73,  77,  81,  89 

Frequency  distribution  by  certain  basic  classifications 147,  164,  181,  191 

Industrial  subgroups 67 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes 116 

Years,  1927  through  1936 123 


INDEX  235 

Transportation  and  other  public  utilities:  Page 

Assets  and  liabilities,  classified 89 

Capital  assets,  gross  and  net 28-29 

Compiled  receipts  and  compiled  deductions,  classified 73,  77,  81,  89 

Frequency  distribution  by  certain  basic  classifications 147,  163,  180,  190 

Industrial  subgroups 67 

Reserves  for  depreciation  and  depletion 28-29 

Returns  with  net  income  and  with  no  net  income 9-10 

Total  assets  classes __             _  115 

Years,  1927  through  1936 123 

Trust  companies,  savings  banks,  etc 68 

U 

Undistributed  profits,  surtax  on.     (See  Surtax.) 
Undivided  profits.     (See  Surplus  and  undivided  profits.) 

W 
War-profits  and  excess-profits  tax: 

Amounts,  years  1917  through  1922;  1933  through  1936 47 

Water  companies 66 

Water  transportation 66 

Wholesale  and  retail  trade 67 

Wholesale  trade 67 

Wines,  beer,  malt  extract,  etc.,  alcohol,  manufacture  of 63 

Wood  products,  manufacture  of . 64 

Woolen  and  worsted  goods,  manufacture  of 63 

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