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

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Given By 
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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 



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



Price 20 cents 



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"' ^' SUPtKiHit,JUENT OF DOCUWtNIS 

DEC 5 1938 



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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 


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 


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 



51 



s 
e 




^ 


I. 


v^ A 


<50 


•^ 






t^ 


i. 


<J1 


toi 






-ts 


eo" 


o 


K 


-« 





'TS 










iO 




s 


S 


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ross estate: ' 
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Total bonds 

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Total gross estate 


inistrative 
ortgages, e 
c, and sim 
n, Act of 1 
estate tax 














1 


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e, publi 
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from an 


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ss 



STATISTICS OF INCOME 



57 



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58 



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't3 


Government be 
oily tax-exempt 
tially tax-exemp 
nd municipal 


1 iiiii i i 




luctions: 

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Property from an estate ta 
Net deduction. « 












H 




1 p 
1 ta 

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1 c 
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l.S 


exempt. 

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Total bonds 

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Mortgages, notes, cash, e 

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5 

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a 




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§55' 



STATISTICS OF INCOME 



59 



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o 
Eh 


i.a 

03 *j 

la 










3 


>:: 










O 03 










^ 


O 






Q 




^H 




jaq 


rana leuag 


- 


c^ 


eoTriotot^oooiOrtOi 


CO 


■* »0 to b* 00 


OS 


gc5 



83167—3 



60 









a <D 

o ft 




*^ 00 


-3 


p 



0*0 
■O O 



■2 <- '^ 



S-^'i 



*S 



a CD 

03 Z5 


o a 


■a 
1 


g2 




2 


.2o 


°§ 


Z'^ 


■§ 




""3 




3 
o 




ao 


J3 


1« 

■3 


>o 


•- 1^ 


fl 


.a"« 




o ® 

p s 
.2 a 


t^^ 
g^ 




°$ 




B-o 


^2 


CO o 

J5 


11 

O fc-. 


a g 
is "^ 


o « 


o £ 




*> C3 


o_g 


■" S 
g| 
2^ 


ft^ 


a§S3 


"3 "^ 


Is 

§5 




ft"! 

g.2 

3 « 
1^ 


05 O 




o 


S2g. 
« ftg 




■^ lO ® 


a-s 


» O <D 


■2 2 




35 ©is " - 




'^■a-c 




Kl 




W! 


Si 


is 03 3 
3— ."O 




.^.2 >> 


ag 

8 ^ 




« 3 ft 


fcdS 


.9 t^ 


ffl "^ o 


&-3.° 


"S'-iS' 


It? 


of^" 


^r^ 


a« 



t:s3 »gft«-ag..2 

■So-" 5® § ° o"s <" 

w<o a-o ^-- §=«.«<§ 

2§S 5^°S..9§§o 

52 5 > IJT^_." S tr fto' «> 

2«S §al--a"S252 



•Sft>-«.5Sg., 



1^ !3-^-S 



1- a>.Q_, 



;fl O o o 



3 o« ^ 3 



§ 5t5?|.2^^2a„^25 
fe^ .coS",. o3«--;5!-fl 



o■^aJ5coS2■«5fi.,^<»o 

a 
c a o 



3Qto-oag<Dj:3S" 



STATISTICS OF INCOME 



goT3S3-"fc:'§3 a 

_ .2rt»0>O.Cox"' =3 

^ «T3 £ ftt:-E3 tJ)C*j; t^-^ja •" 



I °s:-^liga-^sSgl" 

5 ?| 



«9 CO 



STATISTICS OF INCOME 



61 



•5 >> 



■3 rt 















I-IC4 


eo-T}4 ho CO 


t. 00 0> O-H NPS 








jgqmrn i^uag 
















a§ 










(0 «5 •»*' 01 »O00 CO 
^ ^H CO ooco -^ 










ao 










eo 00 S 










o« 








c5" CO loeo t-i" 










S i* 








00 00 










"O 




















«T3 














Po 










t^ OJ CO-hON 


















00 o> 00 Ncncoo 








^ 


310 










t~" 00 t^ CO CO 











— 








10 lO-^ ^ 










s >- 










g -^ 










a> 


















1— < 


-Ht3 



































M 




















» 










CO l^ •* NCOCO1-H 










9"= 










CO »o m-rj* N 00 








H 








00 10 >005 lO 










3 o_ 


^ 








10 oT ef ■-<■ 





















10 lO 








a 


00 


















1 


























CO 00 O0000-* 








K 


■^ 










rt ira rt ■* 10 






S? 


1=5 


© 








i-H C^ '-1^ CO 








a 

3 


3 


«5 


H 








j£ ^ cocf 




iM 
















S 


03 












tH CO 10 CD »0 t^-^ 
CO CO i-H t^ t^-HOO 
CT ^ 00 00O5 06 






o» 


a 


^-^ 












h 


1 





s 








<N 10 CON 




u 

to 




05 


1 










-, -H 




Ut 












00 CO a> coai-K-H 


* 


a 






■o 










CO 00 -H c^ coco "0 




3 


-o 


® 


PO 


^^^ 








>o OJ t~ ■* ■* OJ 


' 


_2 


§ 




5° 




00 








1 s ^'" 




3 




^ 


(M 














g 


i 


f-l 










C^ t^ CO OCJ0500 




01 






T3 










00 -H t^ T)l CO CO 




n 


42 


n 


^^ 








t^ ■* -H CO ■* 







"3 





13, 








<o C^i•-^ 




_2 


T) 













r-i »-( 




3 


a 

es 


■s 














L 


C3 


1 


u 










00 CO CO —1 ^rH05 




C3 


c^ 




® 










CJ CO eo 01^ r^ 




Eh 


01 


© 


11 


,-^ 








00 CI CO r-co 1-1 









;? 


s 








<S 00 

to 



























+2 























<1 

































C« 05 t^(N -HT)< 




















N CO CI 10 t>- 00 










t-i 










r~ CO CO co(N 










3 


JO 








rt lo e4' 

CO CO 










t) 














<o 












' 






rn ^ . a>(M"fo 










t-; I-H 1 1 1 1 








»-§t5Sg2, 










CO 11^ 1 1 1 1 
















•* 1 (M 1 1 1 1 








No net 
tate un 
1926 A 
but tax 
under 1 
1934, or 
Act 


3 








^ is i i i i 


' 






























00 00 •<»< ot^-*a> 


















§=15 I^SSj; 
























C3 





















« 








S g s ss ^" 

CO 






3 „'aB'S!S~ 






000 


0,.^ Io 


Tjt •;»< 1 eoio loo 












00 




r-t Oi 1 y-t 1 








S 




M 


^ I 


t~. 1 1 






( 
























2 




\-' 1 1 


t^^ :>? is? i i';;^ i i 
g§ ;§ :2 1 IS : : 

§^ IS i| : i§"'?5- 














is i i 

1 (3 1 1 










'C 




I4.» 1 1 










P. 


1 "^l 


lag® 










1 


1 Q, 


to 1 Ui "-" I W c3 X ^ 










C3 


:s 


•■SS =3-3 












Q. 


1 s 


a, g^ ^ 


%i m it! ill? 













w 


" p a^ 








H 


<1 

<D 


Oo 


ns filed under 

s of 1926 and 19 

and 1935: « 

umber of return 

et estate to whic 

($100,000 exemp 

et estate to whic 

rates apply '«. . , 

ax under 1926 Ai 

Tax before taj 

Tax credit for 

Tax credit for 

Tax (10 le: 










■0 

3 




£-5 "3 >. 

s££=3 

C3 03 C3 

..etHfH 














X 










ii 


3 aj 


c3 










^iz; 


Eh 


g-ss^jz; ^ e 










^0: 






^<1S 










Q ^ 














tf 






rt 








jeqninn [eijog 


I 


rtN 


CO-* "3 to 


t-OO 0> OrtlMCO 





o a 



62 



STATISTICS OF INCOME 



^ o 

2o 



O CO 

CO -ii 



S * 



>§ s 






3-g^ 



O-^ 



c 


e' 


<rt 


!^ 




o 


m 


iS 


1 


o 


CO 


■w 


< 

1 


li) 

■5 


CO 


o 




-=; 


o 


=S 






o 


ec 


03 






-S 


o 


«J 


b 


'13 


OS 


•*«.■> 


B 


S 


S 


'TS 


3 


CO 


W 


>i) 


CO 




H 




I-) 




« 




<! 




H 

















■^ U5 to t^ 00 


O) 






jaqmnn iBuag 














si 






05 05 Oi CO t>» 


CO 












C^ CO CO CO 


00 








30. 






10 -^ -^ 


"O 








O'X 




e^"^ >o t^ iC 


00 








gfe 






Ol rt rn 








■o 


-H'O 














§ 


























H 


cS 






to CO C^ <M 


r}< 










CN CO CO 











3«_ 


w 




03 t-C^ (M 








a 
o 


ife 




tcf io -T — " 


<rf 






O 


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CS Ol N 


<N 






J 


—•0 














to 








ITS C^COO CO 


CO 






T3 






CO 10 30 M to 


M* 






3o 


^ 




>o -^ -^ 









t-H 


30 


^ 




CO NO 


r-4 




•a 


o 


— ^ 








•— « 




<s 


















< 


00 


























® 

3 

a 


a> 






in lOiO 


10 




H 
O 

o 


'3 






l^ ^^ tP -,# 


OJ 




Ho 
30 







OS ^ 00 00 
to CO CO CO 






I 


> 




,— ( r-H f~< 


>— ' 




1 


» 














s 


rt 


to 










Ut 












CB 


® 


(C 






Oi to CO r^ »o 








a 


'C 






,-t t^ --^ (N ^ 






T3 


Oo 


g 




r-i OOCq (M 


"3 




CI 


3 


3g 






t3 


a 


to 




8 






M rt ,-. 


IM 


t^ 










3 




<S 


ta 






r»> CO OtO Tf 


115 


Ut 


O) 


T3 






■* (M C^CO 00 


CO 


V. 


o 


Ho 


,,-^ 




-H ^ t^ to 


CO 


O) 


s 


3 


32 


X 




-T -*to tc" 


i-T 


S 


(M 


0^ 


^ — ■ 




CO C-) (N 


<N 






o 













n 


73 


1 


S 










iM 


& 










3 


a 








U2 10-* —1 


01 




03 


J2 


Oo 






r~ Tf CO CO 


o> 


£ 


to 


v-^ 




C» rt 00 00 


C^l 


1 




r 


r» 




c4oo 00 

C^ '-I '-' 


oT 




Ol 


■1 












ii 






10 ^ ^ CO 


CO 




® 


® 






— 1 C35CVI Cq 


01 




T3 
CI 
IS 




§2 


g 




CO t^ 

eq rt ^ 


to 




to 


05 



















10 












CT> 


^ 












S 






00 t^ — 1 t^ -«< 


00 




o 








t^ 10 cq — • 


o> 








[-1 






rH CO 00 00 


00 










-3 

a 


IS 




« 2^ 2" 





net es- 
under 
6 Act, 
taxable 
er 1932, 
,or 1935 
Act 4 






»o 1 »o 





















S 




' 05 CI 

to Ito to" 


01 
to 






No 
tate 
192 
but 
und 
1934, 
















^ o-r c-j — ' 


_ 












^a^ >o 


r^ 






3 






CO T-l^^ 


<^ 






M 




^f tood 00 


•0 






o 




to 1^00 00 









e 






CO cq IN 


CO 






3 ^-oS^S" 








■»*< 






Keve 
Ac 

pass 
prioi 
1926, 

of 1! 

onl; 


W 




























- - w 


•— ^ ^ 1 1 I to • 


a i 
3 1 










>-s ° 












3 ^ ■<»< 
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>>» 










c^ H 


mosS ' » ca 1 


xco 

rs to 









S" 


r Act of 19 
1932, 1926 a 
!ontinued. 
under 1932, 


tax (applic 
132, 1934 or 1 
6 rates (be 

nai'taxYHi 
dit for gift t 
, additional 
ss 17) 








oSi-2 


ive 
in 18 
; 192 
ts).. 
ditio 
X ere 
Net 
le 


H 






















_- to CC C3 
" C^l :Di c! 












s file 
of 19 
ind 1 
ditioi 


•< a c3 X K 

0) I- C3 












Si5to3 
3 cjji^ 


^ 












^<2 




























hH 












jaqnmu iBtjag 


1 


^ 10 to r- 00 


o> 



STATISTICS OF INCOME 



63 









1 








0-- CJ CO 


^ 


10 to b* 00 


OS 




jeqmnn iBuag ] 


t~ 


en 


OS 




" —' 


" 














00 


r^ 


t^ 


coos 


'in 


Ol 


CO 00 


. 00 


CO 






o 






(N 




coo 


1(N 




CO ft. 


.ft; 









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^ 
S 




lO 


o 


OS CO 


itO 


•— ' 


OS-H 




CO 






-9 > 




>o 


to 


lO'os" 


ltd 


.^ 


>OiO 


!« 


^ 






O 03 o 




»o 




IM —1 




o 


c^ to 


10 


l^ 






•"• 






»"< 


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CO 
















































3 














1 1 












a 




o feo 
g'Og 


^_^ 








' ' 












•^ 




05 








1 1 












a 




=>cR 


3 








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o> 3c 






















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1 1 












J 






























^^ 


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OS 


10 .«*< 


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c:s 


VZ <M 


ICO 


o 


U50 


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05 


OS 


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CO 






CO 


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a 
o 


§1° 

00 p05 


3 




00 


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■* 


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ICO 


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■O 


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a 


I 
























is 


J 














































S 

o 


lO 






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o 


to 


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1 -^ 


CO 


en >ra 


lo 


00 


o> 


ofeo 

§1° 








00 


CO lO 






to OS 


iOS 





o 


iH 




00 


o 


ira 00 


1 r^ 


tn 


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. OS 


t^ 


o 


o 


3 




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CO 


coci 




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coos' 


los" 





^ 


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n 

05 


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o 


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CO —1 


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loo 





a 


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to 00 


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3 

a 




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to 


to 


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N 


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to 


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f-. t^ 




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10 ■* 


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6 












































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/— . *- ,— 1 






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l-^ 


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to 






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IN CO 


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X) 




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to 


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"O r-.3 Sa)°Sc3 '-'™ 
S toca co"Ko!^2-3^ 



to'ca co'Ko !^2 • ^'^ 

(M„ ^O^Wj:;^^^CO 

„. ^ o^ 3 -.2 ■ g fe BO 

£ fefe«2x2S2-n2°*''a 
3 . aS^S S'M'^o-'' a 

o S-S'^ «£3=3£ S'gfe'^ 
^ o " c3's2 gj: 3E^^5 

■c 3 oi^9 2 o"^2 3 

ft: fc. ■« S bt'3 & 9 



S ~j=-^.24: COT 

gS=!:^§„5c.t 

— « --'"a 



.£ £ 



- 50 w'O 3 =2- i-S- 
^~='sB'0aaJ'K30. 
°~S S3»g§g§S 
■t* t-^TS-rt 73 B —-a 5 
^o^®m'-5c3-5tcxo 



S so 

a 



= 73 "m. 



°~S S3»5' 

■g 1-^73^1 "O ' 

■2 I^S°il°-SaSs| 

St^'§2232^3«^3»!8 

t..-St?oS'£§"S^-S£'»g_5 



m *P^2 srtfc^tfwi: 

"O o 



"O c3 to 



64 



STATISTICS OF INCOME 



e 




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y 


^ 


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W 


p 


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w 


e 




%> 






C3 


ft; 


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C 




CO 


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613 




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1 


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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 


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 


3-0.4 


1 
2 
6 
8 


311 

861 

4,024 

11, 270 


7,266 


0.4-0.5 


5,299 


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 
r n 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 



147 



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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 

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 baain g— . 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 


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 I n struction 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 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. 

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 





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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64 



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STATISTICS OF INCOME 



65 



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67 






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70 



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 ' 





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 


-*-i 




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 






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 






12, 840 
20, 845 
54, 973 
56, 761 
75, 145 
157,112 
72, 353 


100 

101 

is 


s 



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 

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 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 
O-vr^io-rrtoocD 
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>- 

OOCMOOtOCMCOCDCO 
CMOSCCl-^T^i-HtOi-H 

CO Os" f-T .-T t>r CM* CO CD 



CM CM CM t^ »-« 



r-TftOCMCOCMOCTT 
^J-OSf-HtOOStOCOCO 
t^tOOOtO-^l^COOB 



CMoscotooob-r-.-( 

CM.-ICOCOCMIO.-HI-H 



CMOOOStO-— •CO'-HtO 
OStOCOCOCOO-tOO 
O»OI^0SCM0CtOCM 



oocor^r^OiCO'^c 

Tj*tOi-HCMC^1C0OS'' 

i-H 1-1 -H CO 



COtCCOOs-— 'TTCCCO 
^OCOto-rft^-»*-0 
COOOOCTl^tOOO 



.-icOastoCO-«*'CMto 

eocot^ocoscococo 



"^OSOtOCOOSt-i-" 
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 
OCMt-rj'CDCOOiCM 

CO* CO ^ CO c to -^J^ CO 



OS C: to CO 00 i>- 1-1 

CM t- r- CO r-1 1-t 



I 00 o . 



-t-oo § 

. 'ooSuf2?To 
J^Jiig- I 1000 



,oo>oc 



-000 



'»rD.-HCMiOr-viOT-l»OrH 



100 



STATISTICS OF INCOME 






?^ <i> • 



^ "qj 



ja.. 


"nx3 


S.tas 


O-c^a 


, 




p 


o ^ 


■"* 


03 '3 




s« 


Z 


8^ , 


•t^ 




1^ 


ili 


S.S5 


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O (O 



ii. a> H-S 



b.2 

o s 



Is*. 

ft- 

3 P- 



-; -r oj +j „ 

— o »« 



CO 03 ■« 



® 9 Sf 



^■og 



2 ^ p-S 



S I ^ 2 
ca I 1-2 -^ 






i"^ ^ p-s- 

.?5 p a o ® 
O " S o 2 



5 o2 ^'^-^ 



C50(MO^O-^0:t-(MOs t -- 

'tfC^coccCT-fr-iocoao co 

Mt^C-lCiCOCOiOi— <tO"-^ I r-( 

CO '<j^c^-<rjJ'^-tr-+r|C^o *i^ 

.-Hr-l^-TfCICOCO'* CO 



■Tt< CO cc ^ -t* r^ ai CO — ' r-^ 
'Mocor-'^'fr-co.— ICO 
c^-^-— <r^»oait-oicot^ 

co"fcoto'cDcor-r»o»oco 

r-(r-l.-HTf(NCOC0-<J^ 



C^OGCIMOI^— ^CDCCr^ 



■> C-l CO CT' Oi ■ 

_ . _; in — I CD CO L 

C^-^-— <00CO(MCiCCCDO5 

coiccoiccDaTi^iococo 

,— (rH,-lrt*C^COCO'* 



C'jioc^cDCi'foii'^cor^ 

O00'-tr-iO00t-<0l0iC0 



:cOiOCO»OOiCi>ncO" 

3Tt<Oi(>icoor^mTrh^ 

i-H .— I CO 1-" Tt< ,-( (M 



r-icOiOFH-::t^t--.rt*Or^CO 

corDOcOh-cocC'— '-^co 
oc<ir--c^cocOi-'C^coo 

'-Ht-TiOoi'cOOOlCorrjrcsf 



h-TfcoOrt^OCO-— -lOOi 
CDtOCnOiUDO^t^OsiOCvi 
CDt-^COt^C^-^iOCOOOO 



iOh--^CO(MiOOiCJiO,— I 

i-l(NCOO!Mt'^iOOiCO'<rT< 

i-H rH (M ^ CO rH (M 



CO C-1 >— ' r-- fM lO O m "rt< CV) 
|^^cO-*«'NnriooOsO'^ 

cocsTt^dosc^i— •■f^osco 



00h-.l— <tOr-(M<h-.lO' 

■■■ CO 00 •-'■-. , 
C^ --H UO CO lO 






'^-HCOi-HmTtHwfMcv:* I c-i 



.— I Oj m Ot OS Ol t--. . 

■I CO i-H m TtH ■ 

^ 00 Oi (M Tj* 00 '-' ■ 

'od'-n'ococood'^oor 

■•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" 


CO CO CO -r w CO as 1 
-^ CO CO CO 00 i-H r^ CO 1 
T-Hcoo»oi-^aicoio 1 

^ CO 0" CO CO CO CO 1 


1 00 
1 
1 ^ 


<n" 


^c6o»nt^i-^co^ I 

■-H CO 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 




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 




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 

lo 




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 

It 

5o 


3 





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^ 
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lo of od" T-T CO CO of CD of oi" 



i0C»'-<O|T-|i0Ot0*H00 
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cDOicoaiooit--.Tpicoo 

b-.— "OOOJOOlOiOcOOl 
1— lOl'^^OCD^t^OlCO-^ 



r-H ,-H Ol 



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•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 

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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 

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■***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 
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